Document:

Credit Agreement, dated October 24, 2012

 Exhibit 10.1 
 Published CUSIP Number (Deal): 25179UAE5 
  

 
  

CREDIT AGREEMENT 
 Effective as of October 24, 2012 
 among 

DEVON ENERGY CORPORATION 
 as U.S. Borrower  
 DEVON NEC CORPORATION 

and 

DEVON CANADA CORPORATION 
 as Canadian Borrowers  
 BANK OF AMERICA, N.A. 

as Administrative Agent, Swing Line Lender and an L/C Issuer  

and 
 THE
OTHER LENDERS and L/C ISSUERS PARTY HERETO 
  

 
 JPMORGAN
CHASE BANK, N.A. 
 Syndication Agent  
 BARCLAYS BANK PLC 
 ROYAL BANK OF CANADA 

THE ROYAL BANK OF SCOTLAND PLC 
 Co-Documentation Agents  
 MERRILL LYNCH, PIERCE,
FENNER & SMITH INCORPORATED 
 J.P. MORGAN SECURITIES LLC 

BARCLAYS BANK PLC 
 RBC CAPITAL MARKETS 
 and  

RBS SECURITIES INC. 
 Joint Lead Arrangers and Book Managers  
  

 
  

 TABLE OF CONTENTS 

 

					
	  	  	Page	 
	 ARTICLE 1. DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	  
	 1.01. Defined Terms
	  	 	1	  
	 1.02. Other Interpretive Provisions
	  	 	32	  
	 1.03. Accounting Terms
	  	 	33	  
	 1.04. Rounding
	  	 	33	  
	 1.05. References to Agreements and Laws
	  	 	33	  
	 1.06. Times of Day
	  	 	33	  
	 1.07. Letter of Credit Amounts
	  	 	34	  
	 1.08. U.S. Dollar Equivalent
	  	 	34	  
	 ARTICLE 2. U.S. COMMITMENTS AND U.S. CREDIT EXTENSION
	  	 	34	  
	 2.01. U.S. Committed Loans
	  	 	34	  
	 2.02. U.S. Borrowings, Conversions and Continuations of U.S. Committed Loans
	  	 	34	  
	 2.03. U.S. Bid Loans
	  	 	36	  
	 2.04. U.S. Letters of Credit
	  	 	38	  
	 2.05. U.S. Swing Line Loans
	  	 	46	  
	 2.06. Prepayments
	  	 	49	  
	 2.07. Repayment of U.S. Loans
	  	 	50	  
	 ARTICLE 3. CANADIAN SUBFACILITY
	  	 	50	  
	 3.01. Canadian Committed Loans
	  	 	50	  
	 3.02. Canadian Borrowings, Conversions and Continuations of Canadian Committed Loans
	  	 	50	  
	 3.03. Canadian Bid Loans
	  	 	52	  
	 3.04. Canadian Letters of Credit
	  	 	55	  
	 3.05. Canadian Swing Line Loans
	  	 	64	  
	 3.06. Prepayments
	  	 	67	  
	 3.07. Repayment of Canadian Loans
	  	 	68	  
	 3.08. Bankers’ Acceptances
	  	 	68	  
	 3.09. Currency Fluctuations
	  	 	72	  
	 3.10. Currency Conversion and Currency Indemnity
	  	 	72	  
	 3.11. Funding Source
	  	 	73	  
	 ARTICLE 4. GENERAL PROVISIONS APPLICABLE TO SENIOR CREDIT FACILITY AND CANADIAN SUBFACILITY
	  	 	73	  
	 4.01. Interest on Loans
	  	 	73	  
	 4.02. Fees
	  	 	75	  
	 4.03. Computation of Interest and Fees on Loans
	  	 	76	  
	 4.04. Evidence of Debt
	  	 	76	  
	 4.05. Payments Generally
	  	 	76	  
	 4.06. Sharing of Payments
	  	 	78	  
	 4.07. Canadian Reallocation of the Commitments
	  	 	79	  
	 4.08. Extension of Maturity Date
	  	 	80	  
	 4.09. Increase in Commitments
	  	 	81	  
	 4.10. Defaulting Lenders
	  	 	82	  
	 4.11. Termination or Reduction of Commitments
	  	 	84	  
	 ARTICLE 5. TAXES, YIELD PROTECTION AND ILLEGALITY
	  	 	84	  
	 5.01. Taxes
	  	 	84	  
	 5.02. Illegality
	  	 	88	  
	 5.03. Inability to Determine Rates
	  	 	89	  

  
 i 

					
	 5.04. Increased Cost and Reduced Return; Capital Adequacy; Reserves on U.S. Dollar Eurodollar Rate Loans, Canadian Dollar
Eurodollar Rate Loans, and Canadian U.S. Eurodollar Rate Committed Loans
	  	 	89	  
	 5.05. Compensation for Losses
	  	 	90	  
	 5.06. Matters Applicable to all Requests for Compensation
	  	 	91	  
	 5.07. Mitigation Obligations
	  	 	91	  
	 5.08. Survival
	  	 	91	  
	 ARTICLE 6. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	  	 	91	  
	 6.01. Conditions to Effectiveness of this Agreement
	  	 	91	  
	 6.02. Conditions to all Credit Extensions
	  	 	93	  
	 6.03. Confirmation of Conditions to Effectiveness of this Agreement
	  	 	94	  
	 ARTICLE 7. REPRESENTATIONS AND WARRANTIES
	  	 	94	  
	 7.01. No Default
	  	 	94	  
	 7.02. Organization and Good Standing
	  	 	94	  
	 7.03. Authorization
	  	 	94	  
	 7.04. No Conflicts or Consents
	  	 	94	  
	 7.05. Enforceable Obligations
	  	 	94	  
	 7.06. Full Disclosure
	  	 	95	  
	 7.07. Litigation
	  	 	95	  
	 7.08. ERISA Plans and Liabilities
	  	 	95	  
	 7.09. Environmental and Other Laws
	  	 	95	  
	 7.10. Material Subsidiaries
	  	 	96	  
	 7.11. Use of Proceeds; Margin Stock
	  	 	96	  
	 7.12. Government Regulation
	  	 	96	  
	 7.13. Solvency
	  	 	96	  
	 7.14. No Material Adverse Effect
	  	 	96	  
	 7.15. OFAC
	  	 	96	  
	 ARTICLE 8. AFFIRMATIVE COVENANTS
	  	 	96	  
	 8.01. Payment and Performance
	  	 	96	  
	 8.02. Books, Financial Statements and Reports
	  	 	96	  
	 8.03. Other Information and Inspections
	  	 	98	  
	 8.04. Notice of Material Events
	  	 	99	  
	 8.05. Maintenance of Properties
	  	 	99	  
	 8.06. Maintenance of Existence and Qualifications
	  	 	99	  
	 8.07. Payment of Taxes, etc
	  	 	99	  
	 8.08. Insurance
	  	 	100	  
	 8.09. Compliance with Law
	  	 	100	  
	 8.10. Environmental Matters
	  	 	100	  
	 8.11. Use of Proceeds
	  	 	100	  
	 8.12. Additional Guarantors
	  	 	100	  
	 ARTICLE 9. NEGATIVE COVENANTS OF BORROWERS
	  	 	100	  
	 9.01. Indebtedness
	  	 	101	  
	 9.02. Limitation on Liens.
	  	 	102	  
	 9.03. Fundamental Changes
	  	 	102	  
	 9.04. Fundamental Changes of Canadian Borrowers
	  	 	103	  
	 9.05. Transactions with Affiliates
	  	 	103	  
	 9.06. Sanctions
	  	 	103	  
	 9.07. Prohibited Contracts
	  	 	103	  
	 9.08. Funded Debt to Total Capitalization
	  	 	104	  
	 ARTICLE 10. EVENTS OF DEFAULT AND REMEDIES
	  	 	104	  
	 10.01. Events of Default
	  	 	104	  

  
 ii 

					
	 10.02. Remedies Upon Event of Default
	  	 	106	  
	 10.03. Application of Funds Received from the Canadian Borrowers
	  	 	106	  
	 10.04. Application of Funds Received from the U.S. Borrower.
	  	 	107	  
	 10.05. Application of Funds Received under Devon Financing LLC Guaranty
	  	 	108	  
	 10.06. Separate Obligations
	  	 	108	  
	 ARTICLE 11. ADMINISTRATIVE AGENT
	  	 	109	  
	 11.01. Appointment and Authority
	  	 	109	  
	 11.02. Rights as a Lender
	  	 	109	  
	 11.03. Exculpatory Provisions
	  	 	109	  
	 11.04. Reliance by Administrative Agent
	  	 	110	  
	 11.05. Delegation of Duties
	  	 	110	  
	 11.06. Resignation of Administrative Agent
	  	 	110	  
	 11.07. Non-Reliance on Administrative Agent and Other Lenders
	  	 	112	  
	 11.08. Indemnification of Administrative Agent, Etc
	  	 	112	  
	 11.09. Administrative Agent May File Proofs of Claim
	  	 	112	  
	 11.10. Guaranty Matters
	  	 	113	  
	 11.11. Arrangers and Managers
	  	 	113	  
	 ARTICLE 12. MISCELLANEOUS
	  	 	113	  
	 12.01. Amendments, Etc
	  	 	113	  
	 12.02. Notices and Other Communications; Facsimile Copies
	  	 	115	  
	 12.03. No Waiver; Cumulative Remedies; Enforcement
	  	 	117	  
	 12.04. Attorney Costs and Expenses
	  	 	117	  
	 12.05. Indemnification by the U.S. Borrower
	  	 	118	  
	 12.06. Indemnification by Canadian Borrowers
	  	 	119	  
	 12.07. Waiver of Consequential Damages, Etc
	  	 	119	  
	 12.08. Payments Set Aside
	  	 	120	  
	 12.09. Successors and Assigns
	  	 	120	  
	 12.10. Confidentiality
	  	 	125	  
	 12.11. Bank Accounts; Offset
	  	 	126	  
	 12.12. Interest Rate Limitation
	  	 	127	  
	 12.13. Counterparts
	  	 	127	  
	 12.14. Integration
	  	 	127	  
	 12.15. Survival of Representations and Warranties
	  	 	127	  
	 12.16. Severability
	  	 	127	  
	 12.17. Replacement of Lenders
	  	 	128	  
	 12.18. Governing Law
	  	 	129	  
	 12.19. WAIVER OF RIGHT TO TRIAL BY JURY
	  	 	129	  
	 12.20. Electronic Execution of Assignments and Certain Other Documents
	  	 	130	  
	 12.21. USA PATRIOT Act Notice
	  	 	130	  
	 12.22. No Advisory or Fiduciary Responsibility
	  	 	130	  
	 12.23. Termination of Commitments Under Existing Credit Agreement
	  	 	131	  
	 12.24. ENTIRE AGREEMENT
	  	 	131	  

  
 iii

			
	SCHEDULES	 	
		
	 2.01 Commitments and Pro Rata Shares
	 	
	 7 Disclosure Schedule
	 	
	 12.02 Administrative Agent’s Office, Certain Addresses for Notices
	 	

 EXHIBITS 
  

			
	 	 	Form of
	 A (U.S.)
	 	U.S. Committed Loan Notice
	 A(C)
	 	Canadian Committed Loan Notice
	 B(U.S.)-1
	 	U.S. Bid Request
	 B(C)-1
	 	Canadian Bid Request
	 B(U.S.)-2
	 	U.S. Competitive Bid
	 B(C)-2
	 	Canadian Competitive Bid
	 C(U.S.)
	 	U.S. Swing Line Loan Notice
	 C(C)
	 	Canadian Swing Line Loan Notice
	 D-1
	 	U.S. Note
	 D-2
	 	Canadian Note
	 E
	 	Compliance Certificate
	 F
	 	Assignment and Assumption
	 G-1
	 	Guaranty of the U.S. Borrower
	 G-2
	 	Guaranty of Devon Financing LLC
	 H
	 	Forms of U.S. Tax Compliance Certificates

  
 iv 

 CREDIT AGREEMENT 

This CREDIT AGREEMENT (“Agreement”) is entered into as of October 24, 2012, among DEVON ENERGY CORPORATION,
a Delaware corporation (the “U.S. Borrower”), DEVON NEC CORPORATION, a Nova Scotia unlimited company, and DEVON CANADA CORPORATION, a Nova Scotia unlimited company (collectively, the “Canadian
Borrowers,” and, together with U.S. Borrower, the “Borrowers”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a
“Lender”), each L/C Issuer from time to time party hereto, and BANK OF AMERICA, N.A., as Administrative Agent, Canadian Swing Line Lender and U.S. Swing Line Lender. 

The Borrowers have requested that the Lenders provide a revolving credit facility, and the Lenders are willing to do so on the terms and
conditions set forth herein. 
 In consideration of the mutual covenants and agreements herein contained, the parties hereto
covenant and agree as follows: 
 ARTICLE 1. 
 DEFINITIONS AND ACCOUNTING TERMS 
 1.01. Defined Terms. As
used in this Agreement, the following terms shall have the meanings set forth below: 
 “Absolute Rate”
means a fixed rate of interest expressed in multiples of 1/100th of one basis point. 
 “Acquired Debt”
means, with respect to any specified Person, (i) Indebtedness of any other Person existing at the time such other Person is merged or amalgamated with or into or became a Subsidiary of such specified Person, including and together with, without
limitation, Indebtedness incurred in connection with, or in contemplation of, such other Person merging or amalgamating with or into or becoming a Subsidiary of such specified Person, and (ii) Indebtedness secured by a Lien encumbering any
assets acquired by such specified Person and existing at the time of such acquisition, and any refinancing of the foregoing indebtedness on similar terms, taking into account current market conditions. 

“Act” has the meaning specified in Section 12.21. 

“Administrative Agent” means Bank of America in its capacity as administrative agent under any of the Loan
Documents, or any successor administrative agent. Bank of America, or any successor administrative agent, at its discretion may perform payment and other functions relating to the Canadian Subfacility through its Canadian branch. 

“Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate, account
as set forth on Schedule 12.02, or such other address or account as the Administrative Agent may from time to time notify the Borrowers and the Lenders. 
 “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. 

“Affiliate” means, with respect to any Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

 “Agent-Related Persons” means the Administrative Agent, together
with its Affiliates (including, in the case of Bank of America in its capacity as the Administrative Agent, Merrill Lynch, Pierce, Fenner & Smith Incorporated), and the officers, directors, employees, agents and attorneys-in-fact of such
Persons and Affiliates. 
 “Aggregate Canadian Commitments” means, at any time, the Canadian Commitments
of all Canadian Lenders at such time, which shall not exceed $500,000,000 in the aggregate. 
 “Aggregate
Commitments” means the Commitments of all the Lenders. 
 “Aggregate U.S. Commitments”
means the Aggregate Commitments minus the Aggregate Canadian Commitments. 
 “Agreement” means this
Credit Agreement. 
 “Applicable Currency” means (i) when used with respect to any U.S. Loan or
U.S. L/C Obligations, U.S. Dollars, and (ii) when used with respect to any Canadian Prime Rate Loan, any Canadian Dollar Eurodollar Rate Loan or any Bankers’ Acceptance, Canadian Dollars, and (iii) when used with respect to any
Canadian Base Rate Committed Loan or a Canadian U.S. Eurodollar Rate Committed Loan made under the Canadian Subfacility, U.S. Dollars. 
 “Applicable Rate” means, from time to time, the number of Basis Points per annum, based upon the Debt Rating as set forth below: 

 

									
	 Level
	  	 Debt Rating
	  	Commitment Fee	 	Applicable Margin
for LIBOR Loans,
Letter of Credit Fee
and Stamping Fee for
BAs	 	Applicable Margin
for Base Rate
Loans and
Canadian Prime
Rate Loans
	 I
	  	> A / A2	  	8.0  bps	 	87.5 bps	 	0.0 bps
	 II
	  	A- / A3	  	10.0 bps	 	100.0 bps	 	0.0 bps
	 III
	  	BBB+ / Baa1	  	12.5 bps	 	112.5 bps	 	12.5 bps
	 IV
	  	BBB / Baa2	  	17.5 bps	 	125.0 bps	 	25.0 bps
	 V
	  	< BBB- / Baa3	  	25.0 bps	 	150.0 bps	 	50.0 bps

 “Debt Rating” means, as of any date of determination, the rating as determined by
either S&P or Moody’s (collectively, the “Debt Ratings”) of the U.S. Borrower’s non-credit-enhanced, senior unsecured long-term debt; provided that if a Debt Rating is issued by each of the foregoing
rating agencies, then the higher of such Debt Ratings shall apply (with the Debt Rating for Pricing Level I being the highest and the Debt Rating for Pricing Level V being the lowest), unless there is a split in Debt Ratings of more than one level,
in which case the Pricing Level that is one level lower than the Pricing Level of the higher Debt Rating shall apply. 

  
 2 

 Initially, the Applicable Rate shall be determined based upon the Debt Rating specified in
the certificate delivered pursuant to Section 6.01(a)(vi). Thereafter, each change in the Applicable Rate resulting from a publicly announced change in the Debt Rating shall be effective during the period commencing on the date of
the public announcement thereof and ending on the date immediately preceding the effective date of the next such change. 

“Assignment and Assumption” means an Assignment and Assumption substantially in the form of Exhibit
F. 
 “Attorney Costs” means and includes all fees, expenses and disbursements of one U.S. law
firm and one Canadian law firm. 
 “Attributable Indebtedness” means, on any date, (a) in respect
of any capital lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the capitalized
amount of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a capital lease. 

“Audited Financial Statements” means the audited consolidated balance sheet of the U.S. Borrower and its
Subsidiaries for the Fiscal Year ended December 31, 2011, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such Fiscal Year of the U.S. Borrower and its Subsidiaries, including the
notes thereto. 
 “Availability Period” means the period from and including the Closing Date to the
earliest of (a) the Maturity Date, (b) the date of termination of the Aggregate Commitments pursuant to Section 4.11, and (c) the date of termination of the commitment of each Lender to make Loans and of the
obligation of each L/C Issuer to make L/C Credit Extensions pursuant to Section 10.02. 
 “BA
Discount Rate” means, in respect of a BA being accepted by a Canadian Lender on any date, (i) for a Canadian Lender that is listed in Schedule I to the Bank Act (Canada), the average bankers’ acceptance rate as
quoted on Reuters CDOR page (or such other page as may, from time to time, replace such page on that service for the purpose of displaying quotations for bankers’ acceptances accepted by leading Canadian financial institutions) at approximately
11:00 a.m. on such drawdown date for bankers’ acceptances having a comparable maturity date as the maturity date of such BA (the “CDOR Rate”); or, if such rate is not available at or about such time, the average of the
bankers’ acceptance rates (expressed to five decimal places) as quoted to the Administrative Agent by the Canadian Schedule I BA Reference Banks as of 11:00 a.m. on such drawdown date for bankers’ acceptances having a comparable
maturity date as the maturity date of such BA; (ii) for a Canadian Lender that is listed in Schedule II to the Bank Act (Canada), the rate established by the Administrative Agent to be the lesser of (A) the CDOR Rate plus 10
Basis Points; and (B) the average of the bankers’ acceptance rates (expressed to five decimal places) as quoted to the Administrative Agent by the Canadian Schedule II BA Reference Banks as of 11:00 a.m. on such drawdown date for
bankers’ acceptances having a comparable maturity date as the maturity date of such BA; and (iii) for a Canadian Lender that is listed in Schedule III to the Bank Act (Canada), the rate established by the Administrative Agent
to be the lesser of (A) the CDOR Rate plus 10 Basis Points; and (B) the average of the bankers’ acceptance rates (expressed to five decimal places) as quoted to the Administrative Agent by the Canadian Schedule III BA Reference
Banks as of 11:00 a.m. on such drawdown date for bankers’ acceptances having a comparable maturity date as the maturity date of such BA. 

  
 3 

 “BA Equivalent Advance” means a loan provided hereunder by a
Canadian Lender in lieu of accepting and purchasing a BA pursuant to Section 3.08. 
 “Bank of
America” means Bank of America, N.A. and its successors. 
 “Bankers’ Acceptance” or
“BA” means a Canadian Dollar draft of either Canadian Borrower, in form acceptable to each accepting Canadian Lender, for, subject to the availability of a market for Bankers’ Acceptances of such term, a term selected by
Canadian Borrower of either 7 to 29, 30, 60, 90 or 180 days (as reduced or extended by the Administrative Agent, acting reasonably, to allow the maturity thereof to fall on a Business Day) payable in Canada. 

“Basis Point” means one one-hundredth of one percent (0.01%). 

“Bid Request” means a U.S. Bid Request or a Canadian Bid Request, as applicable. 

“Borrower” means any of the U.S. Borrower and the Canadian Borrowers, and “Borrowers”
means all of them, collectively. 
 “Borrower Materials” has the meaning specified in
Section 8.02. 
 “Borrowing” means a U.S. Borrowing or a Canadian Borrowing.

 “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are
authorized to close under the Laws of, or are in fact closed in, New York or the state where the Administrative Agent’s Office is located and with respect to the Canadian Subfacility other than a day on which commercial banks are authorized to
close under the Laws of, or are in fact closed in, New York or the province (or with respect to Canadian Loans denominated in U.S. Dollars, the state) where the Administrative Agent’s Office is located and, (i) if such day relates to any
U.S. Dollar Eurodollar Rate Loan, means any such day on which dealings in U.S. Dollar deposits are conducted by and between banks in the London interbank eurodollar market, (ii) if such day relates to any Canadian Dollar Eurodollar
Rate Loan, means any such day on which dealings in Canadian Dollar deposits are conducted by and between banks in the London interbank eurodollar market. 
 “Canadian Absolute Rate Loan” means a Canadian Bid Loan that bears interest at a rate determined with reference to an Absolute Rate. 

“Canadian Base Rate Committed Loan” means a Canadian Loan denominated in U.S. Dollars that bears interest based
on the Canadian U.S. Dollar Base Rate. 
 “Canadian Bid Borrowing” means a borrowing consisting of
simultaneous Canadian Bid Loans of the same Type from each of the Canadian Lenders whose offer to make one or more Canadian Bid Loans as part of such borrowing has been accepted under the auction bidding procedures described in
Section 3.03. 
 “Canadian Bid Loan” has the meaning specified in
Section 3.03(a). 
 “Canadian Bid Loan Lender” means, in respect of any Canadian Bid
Loan, the Canadian Lender making such Canadian Bid Loan to the applicable Canadian Borrower. 
 “Canadian Bid
Request” means a written request for one or more Canadian Bid Loans substantially in the form of Exhibit B(C)-1. 

  
 4 

 “Canadian Borrowers” has the meaning specified in the introductory
paragraph hereto. 
 “Canadian Borrowing” means a Canadian Committed Borrowing, a Canadian Bid Borrowing
or a Canadian Swing Line Borrowing, as the context may require. 
 “Canadian Commitment” means, as to
each Canadian Lender, its obligation to (a) make Canadian Committed Loans to the Canadian Borrowers pursuant to Section 3.01, (b) purchase participations in Canadian L/C Obligations, (c) purchase participations in
Canadian Swing Line Loans, and (d) accept or purchase Bankers’ Acceptances, in each case, in an aggregate principal amount at any one time outstanding not to exceed its Pro Rata Share of the Aggregate Canadian Commitment then in effect or
its Canadian Maximum Commitment, as such amount may be adjusted from time to time in accordance with this Agreement, including Section 4.07. 
 “Canadian Committed Borrowing” means a borrowing consisting of simultaneous Canadian Committed Loans of the same Type or the acceptance or purchase of Bankers’ Acceptances
and, in the case of Canadian Eurodollar Rate Committed Loans and Canadian U.S. Eurodollar Rate Committed Loans, having the same Interest Period, made by each of the Canadian Lenders pursuant to Section 3.01 or
Section 3.08. 
 “Canadian Committed Borrowing Notice” means a notice of (a) a
Canadian Committed Borrowing, (b) a conversion of Canadian Committed Loans from one Type to another, or (c) a continuation of Canadian Eurodollar Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans, pursuant to
Section 3.02(a), which, if in writing, shall be substantially in the form of Exhibit A(C). 
 “Canadian Committed Loan” has the meaning specified in Section 3.01. 
 “Canadian Competitive Bid” means a written offer by a Canadian Lender to make one or more Canadian Bid Loans, substantially in the form of Exhibit B(C)-2, duly
completed and signed by a Canadian Lender. 
 “Canadian Credit Extension” means each of the following:
(a) a Canadian Borrowing and (b) a Canadian L/C Credit Extension. 
 “Canadian Discount
Proceeds” means, in respect of each Bankers’ Acceptance, funds in an amount which is equal to: 
 Face
Amount divided by the sum of 1 + (Rate x Term) 
 365 
 (where “Face Amount” is the principal amount of the Bankers’ Acceptance being purchased, “Rate” is the BA Discount Rate divided by 100 and
“Term” is the number of days in the term of the Bankers’ Acceptance.) 
 “Canadian
Dollar” and “C$” mean lawful money of Canada. 
 “Canadian Dollar Eurodollar
Rate” means for any Interest Period with respect to a Canadian Dollar Eurodollar Rate Loan: 

  
 5 

 (a) the rate per annum equal to the British Bankers Association LIBOR Rate or the successor
thereto if the British Bankers Association is no longer making a LIBOR Rate available (“CDN LIBOR”), as published by Reuters (or other commercially available source providing quotations of CDN LIBOR as designated by the
Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for Canadian Dollar deposits (for delivery on the first day of such Interest Period) with a
term equivalent to such Interest Period; or 
 (b) if the rate referenced in the preceding clause (a) is not
available at such time for any reason, then the “Canadian Dollar Eurodollar Rate” for such Interest Period shall be the rate per annum determined by the Administrative Agent to be the rate at which deposits in Canadian
Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the Canadian Dollar Eurodollar Rate Loan being made, continued or converted by Bank of America (or, in the case of a Canadian Bid Loan, the
applicable Canadian Bid Loan Lender) and with a term equivalent to such Interest Period would be offered by Bank of America’s (or such Canadian Bid Loan Lender’s) London Branch to major banks in the London interbank eurodollar market at
their request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period. 
 “Canadian Dollar Eurodollar Rate Loan” means a Canadian Eurodollar Rate Committed Loan or a Canadian Eurodollar Margin Bid Loan. 

“Canadian Eurodollar Bid Margin” means the margin above or below the Canadian Dollar Eurodollar Rate to be added
to or subtracted from the Canadian Dollar Eurodollar Rate, which margin shall be expressed in multiples of 1/100th of one Basis Point. 
 “Canadian Eurodollar Margin Bid Loan” means a Canadian Bid Loan that bears interest at a rate based upon the Canadian Dollar Eurodollar Rate. 

“Canadian Eurodollar Rate Committed Loan” means a Canadian Committed Loan that bears interest at a rate based on
the Canadian Dollar Eurodollar Rate. 
 “Canadian Guarantors” means, collectively, the U.S. Borrower and
Devon Financing LLC. 
 “Canadian Guaranty” means (i) the guaranty of the Canadian Obligations made
by Devon Financing LLC in favor of the Administrative Agent on behalf of the Canadian Lenders under the Devon Financing LLC Guaranty, and (ii) the guaranty of the Canadian Obligations made by the U.S. Borrower in favor of the Administrative
Agent on behalf of the Canadian Lenders under the U.S. Borrower Guaranty. 
 “Canadian L/C Advance”
means, with respect to each Canadian Lender, such Canadian Lender’s funding of its participation in any Canadian L/C Borrowing in accordance with its Pro Rata Share. 
 “Canadian L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a
Canadian Committed Borrowing. 
 “Canadian L/C Credit Extension” means, with respect to any Canadian
Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof. 

“Canadian L/C Issuer” means (i) the Initial L/C Issuers, (ii) The Bank of Nova Scotia but only with
respect to the Existing Canadian Letters of Credit issued by The Bank of Nova Scotia under the Existing Credit Agreement and outstanding as of the Closing Date, provided that (A) The Bank of Nova Scotia shall have no obligation to issue
any new Canadian Letters of Credit or to amend, increase or extend any Existing Canadian Letter of Credit and (B) The Bank of Nova Scotia shall only be a Canadian L/C Issuer pursuant to this clause (ii) until such time as all
such Existing Canadian Letters of Credit have 

  
 6 

 
expired or otherwise been terminated, (iii) any other Canadian Lender that may issue Canadian Letters of Credit hereunder, as mutually agreed to by Administrative Agent, the Canadian
Borrowers and such Canadian Lender, in such Person’s capacity as issuer of Canadian Letters of Credit hereunder, or (iv) any successor issuer of Canadian Letters of Credit hereunder. 

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

“Canadian Lender” means each Lender listed on Schedule 2.01 with a Canadian Commitment and any
Person that becomes a Canadian Lender pursuant to an Assignment and Assumption or otherwise. 
 “Canadian Letter of
Credit” means any Letter of Credit issued by a Canadian L/C Issuer pursuant to Section 3.04 and shall include the Existing Canadian Letters of Credit. A Canadian Letter of Credit may be a commercial letter of credit
payable on sight draft or a standby letter of credit. 
 “Canadian Letter of Credit Application” means
an application and agreement for the issuance or amendment of a Canadian Letter of Credit in the form from time to time in use by the applicable Canadian L/C Issuer and acceptable to the Canadian Borrowers. 

“Canadian Letter of Credit Fee” has the meaning specified in Section 3.04(i). 

“Canadian Loan” means an extension of credit by a Canadian Lender to any Canadian Borrower under
Section 3.01 in the form of a Canadian Committed Loan, a Canadian Bid Loan or a Canadian Swing Line Loan. 

“Canadian Maximum Commitment” means, as to each Canadian Lender, the amount set forth on
Schedule 2.01 and designated as such Canadian Lender’s “Canadian Maximum Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement. 

“Canadian Net Proceeds” means with respect to any Bankers’ Acceptance, the Canadian Discount Proceeds less
the amount equal to the applicable Canadian stamping fee payable with respect thereto pursuant to Section 4.02. 
 “Canadian Note” means a promissory note made by each Canadian Borrower in favor of a Canadian Lender evidencing Canadian Loans made by such Canadian Lender, substantially in the
form of Exhibit D-2. 
 “Canadian Obligations” means all Obligations arising under or
with respect to the Canadian Subfacility. 
 “Canadian Payment Office” means the office of the
Administrative Agent located at 200 Front Street West, Suite 2700, Toronto, Ontario or such other office as the Administrative Agent may designate by written notice to the other parties hereto. 

  
 7 

 “Canadian Prime Rate” means for any day a fluctuating rate per annum
equal to the higher of (a) the BA Discount Rate for Bank of America, acting through its Canadian branch, for Bankers’ Acceptances having a maturity of thirty days plus 50 basis points, and (b) the rate of interest in effect for such
day as publicly announced from time to time by Bank of America, acting through its Canadian branch, as its “reference rate” for Canadian Dollar commercial loans made to a Person in Canada. The “reference rate” is a rate set by
Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below
such announced rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. 

“Canadian Prime Rate Committed Loan” means a Canadian Committed Loan that is a Canadian Prime Rate Loan.

 “Canadian Prime Rate Loan” means a Canadian Loan denominated in Canadian Dollars that bears interest
at the Canadian Prime Rate. 
 “Canadian Required Lenders” means, as of any date of determination,
Canadian Lenders having more than 50% of the Aggregate Canadian Commitments or, if the commitment of each Canadian Lender to make Canadian Committed Loans, and the obligation of each Canadian L/C Issuer to make Canadian L/C Credit Extensions have
been terminated and the obligation of each Canadian Lender to purchase or accept Bankers’ Acceptances has been terminated pursuant to Section 10.02, Canadian Lenders holding in the aggregate more than 50% of the Total
Canadian Outstandings (with the aggregate amount of each Canadian Lender’s risk participation and funded participation in Canadian L/C Obligations and Canadian Swing Line Loans being deemed “held” by such Canadian Lender for purposes
of this definition). The Canadian Commitment of, and the portion of the Total Canadian Outstandings held or deemed held by, any Defaulting Lender shall be disregarded in determining Canadian Required Lenders at any time; provided that the
amount of any risk participation in Canadian Swing Line Loans and Canadian Unreimbursed Amounts that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Canadian Lender shall be deemed to be held by the
Canadian Lender that is the Canadian Swing Line Lender or Canadian L/C Issuer, as the case may be, in making such determination. 
 “Canadian Schedule I BA Reference Banks” means the Canadian Lenders listed in Schedule I to the Bank Act (Canada) as are, at such time, designated by
Administrative Agent, with the prior consent of the Canadian Borrowers (acting reasonably), as the Canadian Schedule I BA Reference Banks. 
 “Canadian Schedule II BA Reference Banks” means the Canadian Lenders listed in Schedule II to the Bank Act (Canada) as are, at such time, designated by
Administrative Agent, with the prior consent of the Canadian Borrowers (acting reasonably), as the Canadian Schedule II BA Reference Banks. 
 “Canadian Schedule III BA Reference Banks” means the Canadian Lenders listed in Schedule III to the Bank Act (Canada) as are, at such time, designated by
Administrative Agent, with the prior consent of the Canadian Borrowers (acting reasonably), as the Canadian Schedule III BA Reference Banks. 
 “Canadian Stamping Fee Rate” means with respect to any Bankers’ Acceptance accepted by any Canadian Lender at any time, a percentage per annum equal to the Applicable Rate
then in effect. 
 “Canadian Subfacility” means the Credit Extensions under
Article 3. 
 “Canadian Swing Line” means the revolving credit facility made
available by the Canadian Swing Line Lender pursuant to Section 3.05. 

  
 8 

 “Canadian Swing Line Borrowing” means a borrowing of a Canadian
Swing Line Loan pursuant to Section 3.05. 
 “Canadian Swing Line Lender” means Bank
of America, acting through its Canadian branch, or any other Canadian Lender that may provide Canadian Swing Line Loans hereunder, as mutually agreed to by Administrative Agent and Canadian Borrowers, in such Person’s capacity as provider of
Canadian Swing Line Loans hereunder, or any successor swing line lender hereunder. 
 “Canadian Swing Line
Loan” has the meaning specified in Section 3.05(a). 
 “Canadian Swing Line Loan
Notice” means a notice of a Canadian Swing Line Borrowing pursuant to Section 3.05(b), which, if in writing, shall be substantially in the form of Exhibit C(C). 

“Canadian Swing Line Rate” means (i) for Canadian Swing Line Loans in Canadian Dollars, the Canadian Prime
Rate plus the Applicable Rate and (ii) for Canadian Swing Line Loans in U.S. Dollars, the Canadian U.S. Dollar Base Rate plus the Applicable Rate. 
 “Canadian Swing Line Sublimit” means an amount equal to the lesser of (a) U.S. $25,000,000 and (b) the Aggregate Canadian Commitments. The Canadian Swing Line Sublimit is
part of, and not in addition to, the Aggregate Canadian Commitments. 
 “Canadian Unreimbursed Amount”
has the meaning specified in Section 3.04(c)(i). 
 “Canadian U.S. Dollar Base
Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 50 Basis Points, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of
America, acting through its Canadian Branch, as its “reference rate” for U.S. Dollar commercial loans made to a Person in Canada, and (c) the U.S. Dollar Eurodollar Rate plus 100 Basis Points. The “reference rate”
is a rate set by Bank of America, acting through its Canadian branch, based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing
some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Bank of America, acting through its Canadian branch, shall take effect at the opening of business on the day specified in the public
announcement of such change. 
 “Canadian U.S. Eurodollar Rate Committed Loan” means a Canadian
Committed Loan that bears interest at a rate based on the U.S. Dollar Eurodollar Rate. 
 “Cash
Collateralize” means (i) with respect to U.S. Letters of Credit, that the U.S. Borrower (or, if applicable, a Defaulting Lender) pledges and deposits with or deliver to the Administrative Agent, for the benefit of the U.S. L/C
Issuers and the Lenders, as collateral for the U.S. L/C Obligations, cash or deposit account balances or, if the Administrative Agent and the applicable U.S. L/C Issuers shall agree in their sole discretion, other credit support, in each case
pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the applicable U.S. L/C Issuers (which documents are hereby consented to by the Lenders), (ii) with respect to Canadian Letters of Credit,
that the applicable Canadian Borrower (or, if applicable, a Defaulting Lender) pledges and deposits with or deliver to the Administrative Agent, for the benefit of the Canadian L/C Issuers and the Canadian Lenders, as collateral for the Canadian L/C
Obligations, cash or deposit account balances or, if the Administrative Agent and the applicable Canadian L/C Issuers shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably
satisfactory to the Administrative Agent and the applicable Canadian L/C Issuers (which documents are hereby consented to by the Canadian Lenders), and (iii) with respect to Bankers’ Acceptances, that the applicable

  
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Canadian Borrower pledges and deposits with or deliver to the Administrative Agent for the benefit of the Canadian Lenders, as collateral for the Outstanding Amount of Bankers’ Acceptances,
cash or deposit account balances or, if the Administrative Agent shall agree in its sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent (which
documents are hereby consented to by the Canadian Lenders). Derivatives of such term have corresponding meanings and shall include the proceeds of such cash collateral and other credit support. 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the
adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or
(c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall
Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in
Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control” means the
occurrence of either of the following events: (i) any Person (or syndicate or group of Persons which is deemed a “person” for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended), other than
a Shareholder Controlled Person, acquires more than fifty percent (50%) of the Voting Stock of the U.S. Borrower, or (ii) during any period of twelve successive months a majority of the Persons who were directors of U.S. Borrower at the
beginning of such period or who were appointed, elected or nominated by a majority of such directors cease to be directors of U.S. Borrower, unless such cessation results from death or permanent disability or relates to a voluntary reduction by U.S.
Borrower of the number of directors that comprise the board of directors of U.S. Borrower. As used in this definition, (i) the term “Voting Stock” means with respect to any Person, the outstanding stock of such Person
having ordinary voting power (disregarding changes in voting power based on the occurrence of contingencies) for the election of directors; and (ii) the term “Shareholder Controlled Person” means a Person as to which
more than fifty percent (50%) of the Voting Stock is owned by Persons who owned more than fifty percent (50%) of the Voting Stock of the U.S. Borrower immediately before any acquisition described in clause (i) of this
definition. 
 “Closing Date” means the first date all the conditions precedent in
Section 6.01 are satisfied (or waived in accordance with Section 12.01), as notified by the Administrative Agent to the Borrowers, the Lenders and the L/C Issuers. 

“Code” means the Internal Revenue Code of 1986. 

“Commitment” means as to each Lender, the amount set forth opposite such Lender’s name on
Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, and designated as such Lender’s “Commitment”, as such amount may be adjusted from
time to time in accordance with this Agreement, which includes such Lender’s U.S. Commitment and, if applicable, also includes such Lender’s Canadian Commitment. 
 “Committed Borrowing” means a U.S. Committed Borrowing or a Canadian Committed Borrowing, as applicable. 

  
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 “Committed Loan Notice” means a U.S. Committed Loan Notice or a
Canadian Committed Borrowing Notice, as applicable. 
 “Committed Loans” means, collectively, the U.S.
Committed Loans and the Canadian Committed Loans. 
 “Compliance Certificate” means a certificate
substantially in the form of Exhibit E. 
 “Connection Income Taxes” means Other
Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated Assets” means the total assets of the U.S. Borrower and its Subsidiaries which would be shown as assets on a consolidated balance sheet of U.S. Borrower prepared in
accordance with GAAP, after eliminating all amounts properly attributable to minority interests, if any, in the stock and surplus of the Restricted Subsidiaries. 
 “Consolidated Net Worth” means the U.S. Borrower’s consolidated shareholder’s equity. Consolidated Net Worth shall be calculated excluding non-cash write-downs and
related charges which are required under Rule 4-10 (Financial Accounting and Reporting for Oil and Gas Producing Activities Pursuant to the Federal Securities Laws and the Energy Policy and Conservation Act of 1975) of Regulation S-X,
promulgated by SEC regulation, or by GAAP. 
 “Consolidated Total Funded Debt” means the sum of
(i) the consolidated Indebtedness of U.S. Borrower and its Subsidiaries referred to in clauses (a), (b), (c), (d) and (e) of the definition of “Indebtedness” in
Section 1.01, plus (ii) all Swap Funded Debt, plus (iii) all Synthetic Lease Funded Debt. 
 As
used in this definition, (1) the term “Swap Funded Debt” means, in the event that an Early Termination Date (as defined in the applicable Swap Contract) has occurred under a Swap Contract resulting from (A) any
event of default under such Swap Contract as to which any Borrower or any Subsidiary is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which any Borrower or
any Subsidiary is an Affected Party (as so defined), and the Uncontested Portion of the Swap Termination Value for such Swap Contract that has not been paid within sixty (60) days after the date when due exceeds U.S. $150,000,000, the amount of
such Uncontested Portion; and (2) the term “Synthetic Lease Funded Debt” means, in the event that the U.S. Borrower or any Subsidiary (A) has failed to pay when due any Synthetic Lease Obligation, or (B) has
failed to observe or perform any other agreement or condition relating to any Synthetic Lease Obligation, or any other event or condition occurs that permits the holders thereof to demand prepayment or redemption, and the holder or holders thereof
have demanded or caused such Synthetic Lease Obligation to become due or to be prepaid or redeemed (automatically or otherwise), prior to its stated maturity and the aggregate Uncontested Portion of the Attributable Indebtedness with respect to such
Synthetic Lease Obligations of the U.S. Borrower and its Subsidiaries that has not been paid within 60 days after the date when due exceeds U.S. $150,000,000, the amount of such Uncontested Portion. 

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

“Control” has the meaning specified in the definition of “Affiliate.” 

“Credit Extension” means each of the following: (a) a Borrowing and (b) a L/C Credit Extension.

  
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 “Debt Rating” has the meaning specified in the definition of
“Applicable Rate.” 
 “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 and with respect to the Canadian Borrowers, the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada), the
Winding-up and Restructuring Act (Canada) and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of Canada
or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 

“Default” means any event or condition that constitutes an Event of Default or that, with the giving of any
requisite notice and the passage of any requisite periods of time, would be an Event of Default. 
 “Defaulting
Lender” means, subject to Section 4.10(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder
unless such Lender notifies the Administrative Agent and any Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with
any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any L/C Issuer, any Swing Line Lender or any other Lender any other amount required to be paid by it
hereunder (including in respect of its participation in Letters of Credit or Swing Line Loans) within two Business Days of the date when due, (b) has notified any Borrower, the Administrative Agent, any L/C Issuer or any Swing Line Lender in
writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states
that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be
satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or any Borrower, to confirm in writing to the Administrative Agent and each Borrower that it will comply with its prospective funding
obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and each Borrower), or (d) has, or has a
direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors
or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender
shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result
in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate,
disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and of the
effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 4.10(b)) as of the date established therefor by the Administrative
Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to each Borrower, each L/C Issuer, each Swing Line Lender and each other Lender promptly following such determination. 

  
 12 

 “Designated Jurisdiction” means any country or territory that is the
subject of any Sanction. 
 “Devon Canada” means Devon Canada Corporation, a Nova Scotia unlimited
company. 
 “Devon Financing LLC” means Devon Financing Company, L.L.C., a Delaware limited liability
company (successor to Devon Financing Corporation, U.L.C.). 
 “Devon Financing LLC Guaranty” means the
Guaranty made by Devon Financing LLC, substantially in the form of Exhibit G-2. 
 “Devon
NEC” means Devon NEC Corporation, a Nova Scotia unlimited company. 
 “Devon Oklahoma”
means Devon Energy Corporation (Oklahoma), an Oklahoma corporation, formerly known as Devon Energy Corporation, an Oklahoma corporation. 
 “Disclosure Report” means a written notice given by a Responsible Officer of the U.S. Borrower to all Lenders or a certificate given by a Responsible Officer of the U.S. Borrower
under Sections 8.02(a) and (b). 
 “Disclosure Schedule” means
Schedule 7 to this Agreement. 
 “Domestic Subsidiary” means any Subsidiary that is
organized under the laws of any political subdivision of the United States. 
 “Eligible Assignee” has
the meaning specified in Section 12.09(g). 
 “Environmental Laws” means any and all
Federal, state, provincial, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the
protection of the environment or the release of any materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages,
costs of environmental remediation, fines, penalties or indemnities), of the U.S. Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law,
(b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the
environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “ERISA” means the Employee Retirement Income Security Act of 1974. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the U.S. Borrower within the meaning of Section 414(b) or
(c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 
 “ERISA Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to
Title IV of ERISA and is sponsored or maintained by the U.S. Borrower or any ERISA Affiliate or to which the U.S. Borrower or any ERISA Affiliate contributes or has an obligation to contribute. 

  
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 “Event of Default” has the meaning specified in
Section 10.01. 
 “Excluded Taxes” means any of the following Taxes imposed on or
with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed
as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that
are Other Connection Taxes, (b) in the case of a Foreign Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in
effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the U.S. Borrower under Section 12.17) or (ii) such Lender changes its Lending
Office, except in each case to the extent that, pursuant to Section 5.01(a)(ii), (a)(iii) or (c), 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 Recipient’s failure to comply with Section 5.01(e) and (d) any U.S. federal
withholding Taxes imposed pursuant to FATCA. 
 “Existing Canadian Letters of Credit” means the Canadian
Letters of Credit that are described on the notice from the Administrative Agent addressed to the Lenders dated as of the Closing Date, referencing this Credit Agreement, titled “List of Existing Letters of Credit.” 

“Existing Credit Agreement” means the Amended and Restated Credit Agreement effective as of April 7, 2006
among the U.S. Borrower, the Canadian Borrowers, Bank of America, as Administrative Agent, L/C Issuer, Canadian Swing Line Lender, and U.S. Swing Line Lender, and a syndicate of lenders. 

“Existing U.S. Letters of Credit” means the U.S. Letters of Credit that are described on the notice from the
Administrative Agent addressed to the Lenders dated as of the Closing Date, referencing this Credit Agreement, titled “List of Existing Letters of Credit.” 
 “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), and any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code. 

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on
overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that
(a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so
published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as
determined by the Administrative Agent. 
 “Fee Letters” means (i) the letter agreement, dated
September 19, 2012, among the U.S. Borrower and Bank of America, (ii) the letter agreement, dated September 19, 2012, among the U.S. Borrower, Bank of America, MLPFS, JPMorgan, and J.P. Morgan Securities LLC, (iii) the letter
agreement, dated September 19, 2012, among the U.S. Borrower, Joint Lead Arrangers and the Initial L/C Issuers, and (iv) with respect to each other L/C Issuer, the letter agreement between the applicable Borrower and such L/C Issuer which
sets forth the fronting fee for Letters of Credit issued hereunder by such L/C Issuer. 

  
 14 

 “Fiscal Quarter” means a three-month period ending on March 31,
June 30, September 30 or December 31 of any year. 
 “Fiscal Year” means a twelve-month
period ending on December 31 of any year. 
 “Foreign Lender” means a Lender that is not a U.S.
Person within the meaning of Section 7701(a)(30) of the Code. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

“Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to an L/C Issuer, such
Defaulting Lender’s Pro Rata Share of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with
the terms hereof, and (b) with respect to a Swing Line Lender, such Defaulting Lender’s Pro Rata Share of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender’s participation obligation has been reallocated
to other Lenders in accordance with the terms hereof. 
 “GAAP” means generally accepted accounting
principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board
and such other principles as may be approved by a significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 

“Governmental Authority” means any nation or government, any state, province or other political subdivision
thereof, any agency, authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to
government. 
 “Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of
such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any
obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the
purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement
condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in
respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or
other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person, exclusive, in each case, of endorsements in the ordinary course of business. The amount of any Guarantee shall be deemed to be an
amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as
determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning. 

  
 15 

 “Guaranties” means the U.S. Guaranty and the Canadian Guaranties.

 “Guarantors” means the U.S. Guarantor and the Canadian Guarantors. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic
substances, wastes or other pollutants, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law.

 “Indebtedness” means, as to any Person at a particular time, without duplication, all of the
following, whether or not included as indebtedness or liabilities in accordance with GAAP: 
 (a) all obligations of such Person
for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 
 (b) all obligations of such Person to pay the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business); 

(c) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including
indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse; 

(d) capital leases, but excluding customary oil, gas or mineral leases entered into in the ordinary course of business; 

(e) all obligations with respect to payments received in consideration of oil, gas, or other minerals yet to be acquired or produced at
the time of payment (including obligations under “take-or-pay” contracts to deliver gas in return for payments already received and the undischarged balance of any production payment created by such Person or for the creation of which such
Person directly or indirectly received payment); 
 (f) all direct or contingent obligations of such Person arising under standby
letters of credit and bankers’ acceptances; 
 (g) net obligations of such Person under any Swap Contract; 

(h) Synthetic Lease Obligations; and 
 (j) all Guarantees of such Person in respect of any of the foregoing. 
 For all
purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a
joint venturer, unless such Indebtedness is expressly made non-recourse to such Person. The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. The amount of any
capital lease or Synthetic Lease Obligation as of any date shall be deemed to be the amount of Attributable Indebtedness in respect thereof as of such date. The amount of Indebtedness of any Person with respect to Indebtedness of others secured by a
Lien to which the property or assets owned or held by such Person is subject shall be equal, to the extent such Indebtedness is otherwise non-recourse to such Person, to the lesser of the fair market value of the property or assets subject to such
Lien and the amount of the Indebtedness secured. 

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

“Initial L/C Issuers” means Bank of America, JPMorgan, Barclays Bank PLC, Royal Bank of Canada, and The Royal
Bank of Scotland plc (and, if applicable, any of their Affiliates that is a Canadian Lender). 
 “Interest Payment
Date” means, (a) as to any Loan other than a U.S. Base Rate Loan, a Canadian Base Rate Committed Loan and a Canadian Prime Rate Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date;
provided, however, that if any Interest Period for a U.S. Dollar Eurodollar Rate Loan or a Canadian U.S. Eurodollar Rate Committed Loan exceeds three months, the respective dates that fall every three months after the beginning of
such Interest Period shall also be Interest Payment Dates; and (b) as to any U.S. Base Rate Loan, Canadian Base Rate Committed Loan or Canadian Prime Rate Loan (including a U.S. Swing Line Loan and a Canadian Swing Line Loan), the last Business
Day of each March, June, September and December and the Maturity Date. 
 “Interest Period” means
(a) as to each U.S. Dollar Eurodollar Rate Loan, each Canadian Dollar Eurodollar Rate Loan and each Canadian U.S. Eurodollar Rate Committed Loan, the period commencing on the date such Loan is disbursed or (in the case of any U.S.
Eurodollar Rate Committed Loan, Canadian Eurodollar Rate Committed Loan or U.S. Eurodollar Rate Committed Loan) converted to or continued as a U.S. Dollar Eurodollar Rate Loan or a Canadian Eurodollar Rate Committed Loan or U.S. Eurodollar Rate
Committed Loan, respectively, and ending on the date one, two, three, six or, if available, nine or twelve months thereafter, as selected by the applicable Borrower in its Committed Loan Notice or Bid Request, as the case may be; and (b) as to
each U.S. Absolute Rate Loan and each Canadian Absolute Rate Loan, a period of not less than 14 days and not more than 180 days as selected by the applicable Borrower in its Bid Request; provided that: 

(i) any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day
unless, in the case of a U.S. Dollar Eurodollar Rate Loan, Canadian Dollar Eurodollar Rate Loan or Canadian U.S. Eurodollar Rate Committed Loan, such Business Day falls in another calendar month, in which case such Interest Period shall end on
the next preceding Business Day; 
 (ii) any Interest Period pertaining to a U.S. Dollar Eurodollar Rate Loan, Canadian
Dollar Eurodollar Rate Loan or a Canadian U.S. Eurodollar Rate Committed Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest
Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and 
 (iii) no Interest
Period shall extend beyond the Maturity Date. 
 “IRS” means the United States Internal Revenue Service.

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

  
 17 

 “Issuer Documents” means (a) with respect to any U.S. Letter of
Credit, the U.S. Letter of Credit Application, and any other document, agreement and instrument entered into by the applicable U.S. L/C Issuer and the U.S. Borrower (or any Subsidiary) or in favor of the applicable U.S. L/C Issuer and relating to
any such U.S. Letter of Credit, and (b) with respect to any Canadian Letter of Credit, the Canadian Letter of Credit Application, and any other document, agreement and instrument entered into by the applicable Canadian L/C Issuer and any
Canadian Borrower (or any Subsidiary) or in favor of the applicable Canadian L/C Issuer and relating to any such Canadian Letter of Credit. 
 “Joint Lead Arrangers” means MLPFS (or any of its Affiliates), J.P. Morgan Securities LLC, Barclays Bank PLC, RBC Capital Markets and RBS Securities Inc., in their
capacities as joint lead arrangers and book managers. 
 “JPMorgan” means JPMorgan Chase Bank, N.A. and
its successors. 
 “L/C Borrowings” means, collectively, the U.S. L/C Borrowings and the Canadian L/C
Borrowings. 
 “L/C Credit Extension” means a U.S. L/C Credit Extension or a Canadian L/C Credit
Extension. 
 “L/C Issuer” means a U.S. L/C Issuer or a Canadian L/C Issuer. 

“L/C Issuer Global Commitment” means (a) with respect to each Initial L/C Issuer and any Affiliate that is a
Canadian L/C Issuer, if any, an aggregate amount equal to U.S. $60,000,000, or, with respect to any such L/C Issuer (x) such greater amount as shall be agreed from time to time in writing by the Borrowers and such L/C Issuer (with prompt notice
to the Administrative Agent) or (y) such lesser amount as shall be agreed from time to time in writing by the Borrowers, all L/C Issuers and the Administrative Agent, and (b) with respect to any Lender which agrees to be an L/C Issuer
after the Closing Date, the amount agreed in writing from time to time by such L/C Issuer, the Borrowers and the Administrative Agent. 
 “L/C Obligations” means, collectively, the U.S. L/C Obligations and the Canadian L/C Obligations. 
 “Laws” means, collectively, all international, foreign, federal, state, provincial and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and
administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative
orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority. 

“Lenders” means all Lenders (including the applicable Lenders in their capacity as Canadian Lenders) and, unless
the context requires otherwise, includes the U.S. L/C Issuers, the Canadian L/C Issuers, the U.S. Swing Line Lender and the Canadian Swing Line Lender, and “Lender” means any one of them. 

“Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such
Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrowers and the Administrative Agent. 
 “Letter of Credit” means a U.S. Letter of Credit or a Canadian Letter of Credit. 

  
 18 

 “Letter of Credit Expiration Date” means the day that is seven days
prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day). 

“Letter of Credit Sublimit” means an amount equal to U.S. $300,000,000; provided, however, that
such amount may be decreased and/or increased from time to time without the consent of the Lenders so long as (a) such amount has been mutually agreed to in writing by Administrative Agent, the Borrowers and the L/C Issuers and (b) such
amount does not exceed U.S. $300,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Commitments. 
 “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security
interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, and any financing lease having substantially the same economic effect as
any of the foregoing). 
 “Loan” means a U.S. Loan or a Canadian Loan. 

“Loan Documents” means this Agreement, each Note, each Issuer Document, the Fee Letters, the BAs and the
Guaranties. 
 “Loan Parties” means, collectively, the Borrowers and each Guarantor. 

“Margin Stock” means “margin stock” as defined in Reg U. 

“Material Adverse Effect” means (a) a material adverse change in, or a material adverse effect upon, the
operations, business, properties, or financial condition of the U.S. Borrower and its Subsidiaries taken as a whole; (b) a material impairment of the ability of any Loan Party to perform its payment obligations under any Loan Document to which
it is a party; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party. 

“Material Subsidiary” means a Subsidiary of U.S. Borrower which owns Assets having a book value that exceeds ten
percent (10%) of the book value of U.S. Borrower’s Consolidated Assets. As used in this definition “Assets” of a Subsidiary means assets of such Subsidiary that are included in the U.S. Borrower’s Consolidated Assets.

 “Maturity Date” means the later of (a) October 24, 2017, and (b) if maturity is extended
pursuant to Section 4.08, such extended maturity date as determined pursuant to Section 4.08 (it being understood and agreed that any such maturity shall not be deemed extended for any Lender that has not
consented to such extension). 
 “MLPFS” means Merrill Lynch, Pierce, Fenner & Smith
Incorporated. 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.

 “Multiemployer Plan” means any employee benefit plan of the type described in
Section 4001(a)(3) of ERISA, to which the U.S. Borrower or any ERISA Affiliate makes or is obligated to make contributions or has any liability, or during the preceding five plan years, has made or been obligated to make contributions.

  
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 “Non-Defaulting Lender” means, at any time, each Lender that is not
a Defaulting Lender at such time. 
 “Note” means a U.S. Note or a Canadian Note. 

“Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party
arising under any Loan Document or otherwise with respect to any Loan, Letter of Credit or Bankers’ Acceptance, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or
hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless
of whether such interest and fees are allowed claims in such proceeding. 
 “OFAC” means the Office of
Foreign Assets Control of the United States Department of the Treasury. 
 “Organization Documents”
means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited
liability company, the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other
applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its
formation or organization and, if applicable, any certificate or articles of formation or organization of such entity. 

“Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former
connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or
perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 
 “Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution,
delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an
assignment (other than an assignment made pursuant to Section 12.17). 
 “Outstanding
Amount” means (i) with respect to U.S. Committed Loans, U.S. Bid Loans, and U.S. Swing Line Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments
of U.S. Committed Loans, U.S. Bid Loans, and U.S. Swing Line Loans, as the case may be, occurring on such date; (ii) with respect to any U.S. L/C Obligations on any date, the amount of such U.S. L/C Obligations on such date after giving effect
to any U.S. L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the U.S. L/C Obligations as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any U.S. Letters of
Credit or any reductions in the maximum amount available for drawing under U.S. Letters of Credit taking effect on such date; (iii) with respect to Canadian Committed Loans, Canadian Bid Loans, and Canadian Swing Line Loans on any date, the
aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Canadian Committed Loans, Canadian Bid Loans, and Canadian Swing Line Loans, as the case may be, 

  
 20 

 occurring on such date; and (iv) with respect to any Canadian L/C Obligations on any date, the amount
of such Canadian L/C Obligations on such date after giving effect to any Canadian L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the Canadian L/C Obligations as of such date, including as a result of any
reimbursements of outstanding unpaid drawings under any Canadian Letters of Credit or any reductions in the maximum amount available for drawing under Canadian Letters of Credit taking effect on such date, and (v) with respect to any
Bankers’ Acceptances, the aggregate outstanding face amount of such Bankers’ Acceptances after giving effect to the acceptances, maturities and rollovers thereof on such date. 

“Participant” has the meaning specified in Section 12.09(d). 

“Participant Register” has the meaning specified in Section 12.09(d). 

“Permitted Liens” means: 
 (a) Liens for taxes, assessments or governmental charges which are not due or delinquent, or the validity of which any Restricted Person shall be contesting in good faith; provided such Restricted Person
shall have made adequate provision therefor in accordance with GAAP; 
 (b) the Lien of any judgment rendered, or claim filed,
against any Restricted Person which does not constitute an Event of Default and which such Restricted Person shall be contesting in good faith; provided such Restricted Person shall have made adequate provision therefor in accordance with GAAP;

 (c) Liens, privileges or other charges imposed or permitted by law such as statutory liens and deemed trusts, carriers’
liens, builders’ liens, materialmens’ liens and other liens, privileges or other charges of a similar nature which relate to obligations not due or delinquent, including any lien or trust arising in connection with workers’
compensation, unemployment insurance, pension, employment and similar laws or regulations; 
 (d) Liens arising in the ordinary
course of and incidental to construction, maintenance or current operations which have not been filed pursuant to law against any Restricted Person or in respect of which no steps or proceedings to enforce such lien have been initiated or which
relate to obligations which are not due or delinquent or if due or delinquent, which such Restricted Person shall be contesting in good faith; provided such Restricted Person shall have made adequate provision therefor in accordance with GAAP;

 (e) Liens incurred or created in the ordinary course of business and in accordance with sound oil and gas industry practice in
respect of the exploration, development or operation of oil and gas properties or related production or processing facilities or the transmission of petroleum substances as security in favor of any other Person conducting the exploration,
development, operation or transmission of the property to which such Liens relate, for any Restricted Person’s portion of the costs and expenses of such exploration, development, operation or transmission, provided that such costs or
expenses are not due or delinquent or, if due or delinquent, which such Restricted Person shall be contesting in good faith; provided such Restricted Person shall have made adequate provision therefor in accordance with GAAP; 

(f) overriding royalty interests, net profit interests, reversionary interests and carried interests or other similar burdens on
production in respect of any Restricted Person’s oil and gas properties that are entered into with or granted to arm’s length third parties in the ordinary course of business and in accordance with sound oil and gas industry practice in
the area of operation; 

  
 21 

 (g) Liens for penalties arising under non-participation provisions of operating agreements
in respect of any Restricted Person’s oil and gas properties if such Liens do not materially detract from the value of any material part of the property of the Restricted Persons taken as a whole; 

(h) easements, rights-of-way, servitudes, zoning or other similar rights or restrictions in respect of land held by any Restricted Person
(including, without limitation, rights-of-way and servitudes for railways, sewers, drains, pipe lines, gas and water mains, electric light and power and telephone or telegraph or cable television conduits, poles, wires and cables) which, either
alone or in the aggregate, do not materially detract from the value of such land or materially impair its use in the operation of the business of the Restricted Persons taken as a whole; 

(i) security given by the Restricted Persons to a public utility or any Governmental Authority when required by such public utility or
Governmental Authority in the ordinary course of the business of the Restricted Persons in connection with operations of the Restricted Persons if such security does not, either alone or in the aggregate, materially detract from the value of any
material part of the property of the Restricted Persons taken as a whole; 
 (j) the right reserved to or vested in any
Governmental Authority by the terms of any lease, license, grant or permit or by any statutory or regulatory provision to terminate any such lease, license, grant or permit or to require annual or other periodic payments as a condition of the
continuance thereof; 
 (k) all reservations in the original grant of any lands and premises or any interests therein and all
statutory exceptions, qualifications and reservations in respect of title; 
 (l) any Lien from time to time disclosed by any
Restricted Person to the Administrative Agent which is consented to by the Required Lenders; 
 (m) any right of first refusal in
favor of any Person granted in the ordinary course of business with respect to all or any of the oil and gas properties of any Restricted Person; 
 (n) Liens on cash or marketable securities of any Restricted Persons granted in connection with any Swap Contract permitted under this Agreement; 

(o) Liens in respect of Indebtedness permitted by Sections 9.01(b), 9.01(f), 9.01(h) and
Indebtedness permitted to be secured by Section 9.01(c); 
 (p) Liens in favor of the Administrative Agent for
the benefit of the Lenders and the L/C Issuers; 
 (q) Liens to collateralize moneys held in a cash collateral account by a
lender in respect of the prepayment of bankers’ acceptances, letters of credit or similar obligations accepted or issued by such lender but only if at the time of such prepayment no default or event of default has occurred and is continuing
under the credit facility pursuant to which the bankers’ acceptances or letters of credit have been accepted or issued; 

(r) purchase money Liens upon or in any tangible personal property and fixtures (including real property surface rights upon which such
fixtures are located and contractual rights and receivables relating to such property) acquired by any Restricted Person in the ordinary course of business to secure the purchase price of such property or to secure Indebtedness incurred solely for
the purpose of financing the acquisition of such property, including any Liens existing on such property at the time of its acquisition (other than any such Lien created in contemplation of any such acquisition); 

  
 22 

 (s) the rights of buyers under production sale contracts related to any Restricted
Person’s share of petroleum substances entered into in the ordinary course of business, provided that the contracts create no rights (including any Lien) in favor of the buyer or any other Person in, to or over any reserves of petroleum
substances or other assets of any Restricted Person, other than a dedication of reserves (not by way of Lien or absolute assignment) on usual industry terms; 
 (t) Liens arising in respect of operating leases of personal property under which Canadian Borrowers or any of their Subsidiaries, or any other Subsidiaries of U.S. Borrower that are incorporated or
organized in Canada or one of the provinces thereof, are lessees; 
 (u) Liens on property of a Person existing at the time such
Person becomes a Restricted Subsidiary, is merged into or amalgamated or consolidated with U.S. Borrower or any Restricted Subsidiary, provided, such Liens were in existence prior to the contemplation of such stock acquisition, merger, amalgamation
or consolidation and do not extend to any assets other than those of the Person so acquired or merged into or amalgamated or consolidated with U.S. Borrower or any Restricted Subsidiary; 

(v) any extension, renewal or replacement (or successive extensions, renewals or replacements), as a whole or in part, of any Lien
referred to in the preceding paragraphs (a) to (u) inclusive of this definition, so long as any such extension, renewal or replacement of such Lien is limited to all or any part of the same property that secured the Lien extended, renewed
or replaced (plus improvements on such property), the indebtedness or obligation secured thereby is not increased (except for the purpose of paying any prepayment premium or any fees and expenses incurred in connection with any such extension,
renewal or replacement) and such Lien is otherwise permitted by the applicable section above; 
 (w) Liens on Margin Stock;

 (x) Liens securing obligations permitted by Section 9.01(n) on assets of the Restricted Subsidiaries which
have incurred such obligations; and 
 (y) in addition to Liens permitted by clauses (a) through
(x) above, Liens on property or assets if the aggregate liabilities secured thereby do not exceed three and one half percent (3.5%) of Consolidated Assets; 
 provided that nothing in this definition shall in and of itself constitute or be deemed to constitute an agreement or acknowledgment by the Administrative Agent or any Lender that the Indebtedness
subject to or secured by any such Permitted Lien ranks (apart from the effect of any Lien included in or inherent in any such Permitted Liens) in priority to the Obligations. 
 “Person” means any natural person, corporation, limited liability company, unlimited company, trust, joint venture, association, company, partnership, Governmental Authority or
other entity. 
 “Platform” has the meaning specified in Section 8.02. 

“Pro Rata Share” means, (a) with respect to each Lender and the Credit Extensions at any time, a fraction
(expressed as a percentage and carried to the ninth decimal place) the numerator of which is the amount of the Commitment of such Lender at such time and the denominator of which is the Aggregate Commitment at such time, (b) with respect to the
U.S. Credit Extensions of each Lender at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the U.S. Commitment of such Lender at such time and the denominator of which
is the amount 

  
 23 

 
of the Aggregate U.S. Commitments at such time (“U.S. Pro Rata Share”), and (c) with respect to the Canadian Credit Extensions of each Canadian Lender at any time, a
fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Canadian Commitment of such Canadian Lender at such time and the denominator of which is the amount of the Aggregate Canadian
Commitments at such time (“Canadian Pro Rata Share”); provided that if the commitment of each Lender to make Loans and the obligation of each L/C Issuer to make L/C Credit Extensions and the obligation to accept and
purchase BAs have been terminated pursuant to Section 10.02, then the Pro Rata Share of each Lender shall be determined based on the Pro Rata Share of such Lender immediately prior to such termination and after giving effect to
any subsequent assignments made pursuant to the terms hereof. The initial Pro Rata Share of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender
becomes a party hereto, as applicable. 
 “Recipient” means the Administrative Agent, any Lender, any
L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder. 

“Reg U” means Regulation U promulgated by the Board of Governors of the Federal Reserve System. 

“Register” has the meaning specified in Section 12.09(c). 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors,
officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. 
 “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived. 

“Request for Canadian Credit Extension” means (a) with respect to a Canadian Borrowing, or a conversion or
continuation of Canadian Committed Loans, a Canadian Committed Borrowing Notice, (b) with respect to a Canadian Bid Loan, a Canadian Bid Request, (c) with respect to a Canadian L/C Credit Extension, a Canadian Letter of Credit Application,
and (d) with respect to a Canadian Swing Line Loan, a Canadian Swing Line Loan Notice. 
 “Request for Credit
Extension” means each Request for U.S. Credit Extension and each Request for Canadian Credit Extension. 

“Request for U.S. Credit Extension” means (a) with respect to a U.S. Borrowing, conversion or continuation
of U.S. Committed Loans, a U.S. Committed Loan Notice, (b) with respect to a U.S. Bid Loan, a U.S. Bid Request, (c) with respect to a U.S. L/C Credit Extension, a U.S. Letter of Credit Application, and (d) with respect to a U.S. Swing
Line Loan, a U.S. Swing Line Loan Notice. 
 “Required Lenders” means, as of any date of determination,
Lenders having more than 50% of the Aggregate Commitments or, if the commitment of each Lender to make Loans and the obligation of each L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 10.02,
Lenders holding in the aggregate more than 50% of the Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such
Lender for purposes of this definition). The Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be disregarded in determining Required Lenders at any time; provided that the amount of
any risk participation in Swing Line Loans and Unreimbursed Amounts that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Lender that is the applicable Swing
Line Lender or L/C Issuer, as the case may be, in making such determination. 

  
 24 

 “Responsible Officer” means the chief executive officer, president,
chief financial officer, executive vice president, vice president — accounting, vice president — corporate finance, vice president — finance, or treasurer of a Loan Party, or with respect to any Canadian Borrower, any vice president.
Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such
Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 
 “Restricted
Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any capital stock or other equity interest of the U.S. Borrower or any Subsidiary, or any payment (whether in cash,
securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such capital stock or other equity interest or of any option, warrant
or other right to acquire any such capital stock or other equity interest. 
 “Restricted Person” means
any of the U.S. Borrower and the Restricted Subsidiaries. 
 “Restricted Subsidiary” means each of the
Canadian Borrowers, Devon Oklahoma, Devon Financing LLC and any other Material Subsidiary of U.S. Borrower. 

“Revolving Credit Exposure” means, as to any Lender at any time, the aggregate principal amount at such time of
its outstanding Committed Loans and such Lender’s participation in L/C Obligations and Swing Line Loans at such time. 

“S&P” means Standard & Poor’s Ratings Services, a division of the McGraw-Hill Companies, Inc.
and any successor thereto. 
 “Sanction(s)” means any economic sanction administered or enforced by OFAC
or other relevant sanctions authorities in the jurisdictions in which any Loan Party or any Subsidiary operates. 

“SDN LIST” means the list of Specially Designated Nationals and Blocked Persons maintained by OFAC. 

“SEC” means the United States Securities and Exchange Commission, or any Governmental Authority succeeding to any
of its principal functions. 
 “SEC Filings” has the meaning specified in
Section 7.06. 
 “Shareholders’ Equity” means, as of any date of determination,
consolidated shareholders’ equity of the U.S. Borrower and its Subsidiaries as of that date determined in accordance with GAAP. 
 “Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company, unlimited 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; provided that (a) associations, joint ventures or other relationships (i) which are
established pursuant to a standard form operating agreement or similar 

  
 25 

 
agreement or which are partnerships for purposes of federal income taxation only, (ii) which are not corporations or partnerships (or subject to the Uniform Partnership Act) under applicable
state Law, and (iii) whose businesses are limited to the exploration, development and operation of oil, gas or mineral properties, transportation and related facilities and interests owned directly by the parties in such associations, joint
ventures or relationships, shall not be deemed to be “Subsidiaries” of such Person, and (b) associations, joint ventures or other relationships (i) which are not corporations or partnerships under applicable
provincial Law, and (ii) whose businesses are limited to the exploration, development and operation of oil, gas or mineral properties, transportation and related facilities and interests owned directly by the parties in such associations, joint
ventures or relationships, shall not be deemed to be “Subsidiaries” of such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries”
shall refer to a Subsidiary or Subsidiaries of the U.S. Borrower. 
 “Swap Contract” means (a) any
and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps
or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency
rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or
subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps
and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such
obligations or liabilities under any Master Agreement. 
 “Swap Termination Value” means, in respect of
any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination
value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based
upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender). 

“SWIFT” means the Society for Worldwide Interbank Financial Telecommunication. 

“Swing Line Lender” means the U.S. Swing Line Lender or the Canadian Swing Line Lender. 

“Swing Line Loans” means, collectively, the U.S. Swing Ling Loans and the Canadian Swing Line Loans. 

“Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a so-called synthetic,
off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would
be characterized as the indebtedness of such Person (without regard to accounting treatment), other than obligations under (i) the Production Platform Lease Agreement 2002-1, dated as of June 27, 2002, between Devon Energy Production
Company, L.P., an Oklahoma limited partnership and successor by merger to Devon Louisiana Corporation (“DEPCO”), as lessee, and Ocean Energy/Boomvang Platform Statutory Trust 2002-1, a Delaware statutory business trust, as
lessor, the Operative Documents (as defined therein) and the Other Operative Documents (as 

  
 26 

 
defined therein), (ii) the Production Platform Lease Agreement 2002-2, dated as of June 27, 2002, between DEPCO, as lessee, and Ocean Energy/Boomvang Platform Statutory Trust 2002-2, a
Delaware statutory business trust, as lessor, the Operative Documents (as defined therein) and the Other Operative Documents (as defined therein), (iii) the Production Platform Lease Agreement 2002-1, dated as of January 29, 2002, between
Devon Louisiana, as lessee, and Ocean Energy/Nansen Platform Statutory Trust 2002-1, a Delaware statutory business trust, as lessor, the Operative Documents (as defined therein) and the Other Operative Documents (as defined therein), and
(iv) the Production Platform Lease Agreement 2002-2, dated as of January 29, 2002, between DEPCO, as lessee, and Ocean Energy/Nansen Platform Statutory Trust 2002-2, a Delaware statutory business trust, as lessor, the Operative Documents
(as defined therein) and the Other Operative Documents (as defined therein), in each case, as amended, supplemented, amended and restated, refinanced or replaced from time to time. 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup
withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
 “Termination Event” means (a) the occurrence with respect to any ERISA Plan of (i) a reportable event described in Sections 4043(c)(5) or (6) of
ERISA or (ii) any other reportable event described in Section 4043(c) of ERISA other than a reportable event not subject to the provision for 30-day notice to the Pension Benefit Guaranty Corporation pursuant to a waiver by such
corporation under Section 4043(a) of ERISA; or (b) the withdrawal of any ERISA Affiliate from an ERISA Plan during a plan year in which it was a “substantial employer” as defined in Section 4001(a)(2) of ERISA;
or (c) a complete or partial withdrawal by any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; or (d) the filing of a notice of intent to terminate any ERISA Plan or Multiemployer
Plan or the treatment of any ERISA Plan amendment or Multiemployer Plan amendment as a termination under Section 4041 or 4041A of ERISA; or (e) the institution of proceedings to terminate any ERISA Plan or Multiemployer Plan
by the Pension Benefit Guaranty Corporation under Section 4042 of ERISA; or (f) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a
trustee to administer, any ERISA Plan or Multiemployer Plan. 
 “Threshold Amount” means at any time,
the greater of U.S. $250,000,000 and 2.5% of Consolidated Net Worth determined as of the end of the most recent Fiscal Quarter. 

“Total Canadian Outstandings” means the aggregate Outstanding Amount of all Canadian Loans, all Canadian L/C
Obligations, and all Bankers’ Acceptances. 
 “Total Capitalization” means the sum (without
duplication) of (i) Consolidated Total Funded Debt plus (ii) U.S. Borrower’s consolidated shareholder’s equity. Total Capitalization shall be calculated excluding non-cash write-downs and related charges which are required under
Rule 4-10 (Financial Accounting and Reporting for Oil and Gas Producing Activities Pursuant to the Federal Securities Laws and the Energy Policy and Conservation Act of 1975) of Regulation S-X promulgated by SEC Regulation, or by GAAP.

 “Total Outstandings” means the aggregate amount of all Total U.S. Outstandings and all Total Canadian
Outstandings. 
 “Total U.S. Outstandings” means the aggregate Outstanding Amount of all U.S. Loans and
all U.S. L/C Obligations. 

  
 27 

 “Type” means (i) with respect to a U.S. Committed Loan, its
character as a U.S. Base Rate Committed Loan or a U.S. Dollar Eurodollar Rate Committed Loan, (ii) with respect to a U.S. Bid Loan, its character as a U.S. Absolute Rate Loan or a U.S. Eurodollar Margin Bid Loan, (iii) with respect to
a Canadian Committed Borrowing, its character as a Canadian Prime Rate Committed Loan, a Canadian Base Rate Committed Loan, a Canadian Eurodollar Rate Committed Loan or a Canadian U.S. Eurodollar Rate Committed Loan or a BA, and (iv) with
respect to a Canadian Bid Loan, its character as a Canadian Absolute Rate Loan or a Canadian Eurodollar Margin Bid Loan. 

“UCC” means the Uniform Commercial Code as in effect in the State of New York. 

“UCP” means, with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits,
International Chamber of Commerce (“ICC”) Publication No. 600 (or such later version thereof as may be in effect at the time of issuance). 
 “Uncontested Portion” means, with respect to any Swap Termination Value or any Synthetic Lease Obligation, the amount thereof that is not being contested by the U.S. Borrower or
one of its Subsidiaries diligently in good faith. 
 “United States” and
“U.S.” mean the United States of America. 
 “Unreimbursed Amounts” means
U.S. Unreimbursed Amounts and Canadian Unreimbursed Amounts. 
 “Unrestricted Subsidiary” means any
Subsidiary of the U.S. Borrower that is not a Restricted Subsidiary. 
 “U.S. Absolute Rate Loan” means
a U.S. Bid Loan that bears interest at a rate determined with reference to an Absolute Rate. 
 “U.S. Base
Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 50 Basis Points, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of
America as its “prime rate”, and (c) the U.S. Dollar Eurodollar Rate plus 100 Basis Points. The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s
costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such prime rate announced by Bank of America
shall take effect at the opening of business on the day specified in the public announcement of such change. 
 “U.S.
Base Rate Committed Loan” means a U.S. Committed Loan that is a U.S. Base Rate Loan. 
 “U.S. Base Rate
Loan” means a U.S. Loan that bears interest based on the U.S. Base Rate. 
 “U.S. Bid
Borrowing” means a borrowing consisting of simultaneous U.S. Bid Loans of the same Type from each of the Lenders whose offer to make one or more U.S. Bid Loans as part of such borrowing has been accepted under the auction bidding
procedures described in Section 2.03. 
 “U.S. Bid Loan” has the meaning specified in
Section 2.03(a). 
 “U.S. Bid Loan Lender” means, in respect of any U.S. Bid Loan,
the Lender making such U.S. Bid Loan to the U.S. Borrower. 

  
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 “U.S. Bid Request” means a written request for one or more U.S. Bid
Loans substantially in the form of Exhibit B(U.S.)-1. 
 “U.S. Borrower” has the
meaning specified in the introductory paragraph hereto. 
 “U.S. Borrower Guaranty” means the Guaranty
made by the U.S. Borrower, substantially in the form of Exhibit G-1. 
 “U.S.
Borrowing” means a U.S. Committed Borrowing, a U.S. Bid Borrowing or a U.S. Swing Line Borrowing, as the context may require. 
 “U.S. Commitment” means, as to each Lender, its obligation to (a) make U.S. Committed Loans to the U.S. Borrower pursuant to Section 2.01, (b) purchase
participations in U.S. L/C Obligations, and (c) purchase participations in U.S. Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the such Lender’s Commitment minus its (or its Affiliate’s)
Canadian Commitment, if any, as such amount may be adjusted from time to time in accordance with this Agreement, including Section 4.07. 
 “U.S. Committed Borrowing” means a borrowing consisting of simultaneous U.S. Committed Loans of the same Type and, in the case of U.S. Eurodollar Rate Committed Loans, having the
same Interest Period made by each of the Lenders pursuant to Section 2.01. 
 “U.S. Committed
Loan” has the meaning specified in Section 2.01. 
 “U.S. Committed Loan
Notice” means a notice of (a) a U.S. Committed Borrowing, (b) a conversion of U.S. Committed Loans from one Type to the other, or (c) a continuation of U.S. Eurodollar Rate Committed Loans, pursuant to
Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A(U.S.). 
 “U.S. Competitive Bid” means a written offer by a Lender to make one or more U.S. Bid Loans, substantially in the form of Exhibit B(U.S.)-2, duly completed and
signed by a Lender. 
 “U.S. Credit Extension” means each of the following: (a) a U.S. Borrowing
and (b) a U.S. L/C Credit Extension. 
 “U.S. Dollar,” “U.S. $” and
“$” mean lawful money of the United States. 
 “U.S. Dollar Equivalent” means,
on any date of determination, the equivalent in U.S. Dollars of any value or sum denominated in Canadian Dollars using the rate of exchange quoted by Bank of Canada on the Business Day preceding the day as of which any determination of such rate is
required to be made under the terms hereof as the noon mid-market spot rate for conversions of Canadian Dollars into U.S. Dollars. 
 “U.S. Dollar Eurodollar Rate” means: 
 (a) for any Interest
Period with respect to a U.S. Dollar Eurodollar Rate Loan or a Canadian U.S. Eurodollar Rate Committed Loan 

(i) the rate per annum equal to the British Bankers Association LIBOR Rate or the successor thereto if the British Bankers
Association is no longer making a LIBOR Rate available (“USD LIBOR”), as published by Reuters (or other commercially available source providing 

  
 29 

 
quotations of USD LIBOR as designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest
Period, for U.S. Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; or 
 (ii) if the rate referenced in the preceding clause (a) is not available at such time for any reason, then the “U.S. Dollar Eurodollar Rate” for such Interest Period
shall be the rate per annum determined by the Administrative Agent to be the rate at which deposits in U.S. Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the U.S. Dollar Eurodollar
Rate Loan being made, continued or converted by Bank of America (or, in the case of a U.S. Bid Loan, the applicable U.S. Bid Loan Lender) and with a term equivalent to such Interest Period would be offered by Bank of America’s (or such U.S. Bid
Loan Lender’s) London Branch to major banks in the London interbank eurodollar market at their request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period; and 

(b) for any interest calculation with respect to a U.S. Base Rate Loan or Canadian U.S. Dollar Base Rate Loan on any date, the rate
per annum equal to (i) USD LIBOR, at approximately 11:00 a.m., London time determined two Business Days prior to such date for Dollar deposits being delivered in the London interbank market for a term of one month commencing that day or
(ii) if such published rate is not available at such time for any reason, the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the date of determination in same day funds in the
approximate amount of the U.S. Base Rate Loan or Canadian U.S. Dollar Base Rate Loan being made or maintained and with a term equal to one month would be offered by Bank of America’s London Branch to major banks in the London interbank
Eurodollar market at their request at the date and time of determination. 
 “U.S. Dollar Eurodollar Rate
Loan” means a U.S. Eurodollar Rate Committed Loan or a U.S. Eurodollar Margin Bid Loan. 
 “U.S.
Eurodollar Bid Margin” means the margin above or below the U.S. Dollar Eurodollar Rate to be added to or subtracted from the U.S. Dollar Eurodollar Rate, which margin shall be expressed in multiples of 1/100th of one basis
point. 
 “U.S. Eurodollar Margin Bid Loan” means a U.S. Bid Loan that bears interest at a rate based
upon the U.S. Dollar Eurodollar Rate. 
 “U.S. Eurodollar Rate Committed Loan” means a U.S.
Committed Loan that bears interest at a rate based on the U.S. Dollar Eurodollar Rate. 
 “U.S.
Guarantor” means Devon Financing LLC. 
 “U.S. Guaranty” means the guaranty of the U.S.
Obligations made by the U.S. Guarantor in favor of the Administrative Agent on behalf of the Lenders under the Devon Financing LLC Guaranty. 
 “U.S. L/C Advance” means, with respect to each Lender, such Lender’s funding of its participation in any U.S. L/C Borrowing in accordance with its Pro Rata Share. 

“U.S. L/C Borrowing” means an extension of credit resulting from a drawing under any U.S. Letter of Credit which
has not been reimbursed on the date when made or refinanced as a U.S. Committed Borrowing. 

  
 30 

 “U.S. L/C Credit Extension” means, with respect to any U.S. Letter
of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof. 

“U.S. L/C Issuer” means (i) the Initial L/C Issuers, or (ii) any other Lender that may issue U.S.
Letters of Credit hereunder, as mutually agreed to by Administrative Agent and U.S. Borrower and such Lender, in such Person’s capacity as issuer of U.S. Letters of Credit hereunder, or any successor issuer of U.S. Letters of Credit hereunder.

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

“U.S. Letter of Credit” means any letter of credit issued by a U.S. L/C Issuer pursuant to
Section 2.04 and shall include the Existing U.S. Letters of Credit. A U.S. Letter of Credit may be a commercial letter of credit payable on sight draft or a standby letter of credit. 

“U.S. Letter of Credit Application” means an application and agreement for the issuance or amendment of a U.S.
Letter of Credit in the form from time to time in use by a U.S. L/C Issuer and acceptable to the U.S. Borrower. 

“U.S. Letter of Credit Fee” has the meaning specified in Section 2.04(i). 

“U.S. Loan” means an extension of credit by a Lender to the U.S. Borrower under Article 2 in the
form of a U.S. Committed Loan, a U.S. Bid Loan or a U.S. Swing Line Loan. 
 “U.S. Note” means a
promissory note made by the U.S. Borrower in favor of a Lender evidencing U.S. Loans made by such Lender, substantially in the form of Exhibit D-1. 
 “U.S. Obligations” means all Obligations other than Canadian Obligations. 
 “U.S. Required Lenders” means, as of any date of determination, Lenders having more than 50% of the Aggregate U.S. Commitments or, if the commitment of each Lender to make U.S.
Committed Loans and the obligation of each U.S. L/C Issuer to make U.S. L/C Credit Extensions have been terminated, Lenders holding in the aggregate more than 50% of the Total U.S. Outstandings (with the aggregate amount of each Lender’s risk
participation and funded participation in U.S. L/C Obligations and U.S. Swing Line Loans being deemed “held” by such Lender for purposes of this definition). The U.S. Commitment of, and the portion of the Total U.S. Outstandings held or
deemed held by, any Defaulting Lender shall be disregarded in determining U.S. Required Lenders at any time; provided that the amount of any risk participation in U.S. Swing Line Loans and U.S. Unreimbursed Amounts that such Defaulting Lender
has failed to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Lender that is the U.S. Swing Line Lender or a U.S. L/C Issuer, as the case may be, in making such determination. 

“U.S. Swing Line” means the revolving credit facility made available by the U.S. Swing Line Lender pursuant to
Section 2.05. 
 “U.S. Swing Line Borrowing” means a borrowing of a U.S. Swing Line
Loan pursuant to Section 2.05. 

  
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 “U.S. Swing Line Lender” means Bank of America or any other Lender
that may provide U.S. Swing Line Loans hereunder, as mutually agreed to by Administrative Agent and the U.S. Borrower, in such Person’s capacity as provider of U.S. Swing Line Loans hereunder, or any successor swing line lender hereunder.

 “U.S. Swing Line Loan” has the meaning specified in Section 2.05(a). 

“U.S. Swing Line Loan Notice” means a notice of a U.S. Swing Line Borrowing pursuant to
Section 2.05(b), which, if in writing, shall be substantially in the form of Exhibit C (U.S.). 

“U.S. Swing Line Rate” means the U.S. Base Rate plus the Applicable Rate. 

“U.S. Swing Line Sublimit” means an amount equal to the lesser of (a) U.S. $50,000,000 and (b) the
Aggregate U.S. Commitments. The U.S. Swing Line Sublimit is part of, and not in addition to, the Aggregate U.S. Commitments. 

“U.S. Unreimbursed Amount” has the meaning specified in Section 2.04(c)(i). 

1.02. Other Interpretive Provisions. With reference to this Agreement and each other Loan Document, unless otherwise specified
herein or in such other Loan Document: 
 (a) The meanings of defined terms are equally applicable to the singular and plural
forms of the defined terms. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. 
 (b) (i) The words “herein,” “hereto,” “hereof” and “hereunder” and words of similar import when used in any Loan Document shall refer to such Loan Document as a
whole and not to any particular provision thereof. 
 (ii) Article, Section, Exhibit and Schedule references are
to the Loan Document in which such reference appears. 
 (iii) The term “including” is by way of
example and not limitation. 
 (iv) The term “documents” includes any and all instruments, documents,
agreements, certificates, notices, reports, financial statements and other writings, however evidenced, whether in physical or electronic form. 
 (v) any reference herein to any Person shall be construed to include such Person’s successors and assigns. 
 (vi) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless
otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time. 
 (c) In the
computation of periods of time from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word
“through” means “to and including.” 

  
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 (d) Section headings herein and in the other Loan Documents are included for convenience of
reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 
 (e) As used herein,
(i) the term “the L/C Issuer” shall mean “the applicable L/C Issuer”, “such L/C Issuer”, “each L/C Issuer” and “any L/C Issuer” as the context may require, (ii) the term “the U.S. L/C
Issuer” shall mean “the applicable U.S. L/C Issuer”, “such U.S. L/C Issuer”, “each U.S. L/C Issuer” and “any U.S. L/C Issuer” as the context may require, and (iii) the term “the Canadian L/C
Issuer” shall mean “the applicable Canadian L/C Issuer”, “such Canadian L/C Issuer”, “each Canadian L/C Issuer” and “any Canadian L/C Issuer” as the context may require. 

1.03. Accounting Terms. 
 (a) All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required
to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except
as otherwise specifically prescribed herein. Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the U.S. Borrower and its
Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 on financial liabilities shall be disregarded. 
 (b) If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the U.S. Borrower or the Required Lenders shall so
request, the Administrative Agent, the Lenders and the U.S. Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required
Lenders and the U.S. Borrower); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the U.S. Borrower shall provide to the
Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after
giving effect to such change in GAAP. 
 1.04. Rounding. Any financial ratios required to be maintained by the U.S.
Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up
or down to the nearest number (with a rounding-up if there is no nearest number). 
 1.05. References to Agreements and
Laws. Unless otherwise expressly provided herein, (a) references to Organization Documents, agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements,
extensions, supplements and other modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited by any Loan Document; and (b) references to any Law shall
include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Law. 

1.06. Times of Day. Unless otherwise specified, all references herein to times of day made with respect to the Canadian
Subfacility shall be references to Eastern time (daylight or standard, as applicable), and all other references herein to times of day shall be references to Central time (daylight or standard, as applicable). 

  
 33 

 1.07. Letter of Credit Amounts. Unless otherwise specified, all references herein to
the amount of a Letter of Credit at any time shall be deemed to mean the maximum face amount of such Letter of Credit after giving effect to all increases thereof contemplated by such Letter of Credit or the Issuer Documents related thereto, whether
or not such maximum face amount is in effect at such time. 
 1.08. U.S. Dollar Equivalent. Except for the purposes
of determining any amounts under Section 3.10, for the purposes of determining any amount relating to any Commitment, any Obligation or Outstanding Amount or any amount referred to in any representation or warranty, covenant or
Default, where such amount is the result of any mathematical calculation or equation which includes amounts denominated in Canadian Dollars together with amounts denominated in U.S. Dollars, all relevant amounts included in such calculation or
equation that are denominated in Canadian Dollars shall be calculated, as of such time of determination, at the U.S. Dollar Equivalent thereof. 
 ARTICLE 2. 
 U.S. COMMITMENTS AND U.S. CREDIT EXTENSION 

2.01. U.S. Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans in
U.S. Dollars (each such loan, a “U.S. Committed Loan”) to the U.S. Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of the
U.S. Commitment of such Lender; provided, however, that after giving effect to any U.S. Committed Borrowing, (i) the Total U.S. Outstandings shall not exceed the Aggregate U.S. Commitments, and (ii) the aggregate Outstanding
Amount of the U.S. Committed Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all U.S. L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all U.S. Swing Line
Loans shall not exceed the U.S. Commitment of such Lender. Within the limits of the U.S. Commitment of each Lender, and subject to the other terms and conditions hereof, the U.S. Borrower may borrow under this Section 2.01, prepay
under Section 2.06, and reborrow under this Section 2.01. U.S. Committed Loans may be U.S. Base Rate Committed Loans or U.S. Eurodollar Rate Committed Loans, as further provided herein. 

2.02. U.S. Borrowings, Conversions and Continuations of U.S. Committed Loans. 

(a) Each U.S. Committed Borrowing, each conversion of U.S. Committed Loans from one Type to the other, and each continuation of U.S.
Eurodollar Rate Committed Loans shall be made upon the U.S. Borrower’s irrevocable notice to (except as provided in Section 5.03) the Administrative Agent, which may be given by telephone. Each such notice must be received by
the Administrative Agent not later than 11:00 a.m. (i) two Business Days prior to the requested date of any U.S. Committed Borrowing of, conversion to or continuation of U.S. Eurodollar Rate Committed Loans or of any conversion of U.S.
Eurodollar Rate Committed Loans to U.S. Base Rate Committed Loans, and (ii) on the requested date of any U.S. Committed Borrowing of U.S. Base Rate Committed Loans. Each telephonic notice by the U.S. Borrower pursuant to this
Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written U.S. Committed Loan Notice, appropriately completed and signed by a Responsible Officer of the U.S. Borrower. Each U.S. Committed
Borrowing of, conversion to or continuation of U.S. Eurodollar Rate Committed Loans shall be in a principal amount of U.S. $5,000,000 or a whole multiple of U.S. $1,000,000 in excess thereof. Except as provided in Sections 2.04(c)
and 2.05(c), each U.S. Committed Borrowing of or conversion to U.S. Base Rate Committed Loans shall be in a principal amount of U.S. $1,000,000 or a whole multiple of U.S. $100,000 in excess thereof. Each U.S. Committed Loan Notice
(whether telephonic or written) shall specify (i) whether the U.S. Borrower is requesting a U.S. Committed Borrowing, a conversion of U.S. Committed Loans from one Type to the other, or a continuation of U.S. Eurodollar Rate Committed Loans,
(ii) the requested date of the U.S. Committed Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the 

  
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principal amount of U.S. Committed Loans to be borrowed, converted or continued, (iv) the Type of U.S. Committed Loans to be borrowed or to which existing U.S. Committed Loans are to be
converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the U.S. Borrower fails to specify a Type of U.S. Committed Loan in a U.S. Committed Loan Notice or if the U.S. Borrower fails to give a timely
notice requesting a conversion or continuation, then the applicable U.S. Committed Loans shall be made as, or converted to, U.S. Base Rate Committed Loans. Any such automatic conversion to U.S. Base Rate Committed Loans shall be effective as of the
last day of the Interest Period then in effect with respect to the applicable U.S. Eurodollar Rate Committed Loans. If the U.S. Borrower requests a U.S. Committed Borrowing of, conversion to, or continuation of U.S. Eurodollar Rate Committed Loans
in any such U.S. Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. 
 (b) Following receipt of a U.S. Committed Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Pro Rata Share of the applicable U.S. Committed Loans, and if no
timely notice of a conversion or continuation is provided by the U.S. Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to U.S. Base Rate Committed Loans described in the preceding subsection. In
the case of a U.S. Committed Borrowing, each Lender shall make the amount of its U.S. Committed Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the
Business Day specified in the applicable U.S. Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 6.02 (and, if such U.S. Borrowing is the initial U.S. Credit Extension,
Section 6.01), the Administrative Agent shall make all funds so received available to the U.S. Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the U.S. Borrower on the
books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the U.S. Borrower; provided,
however, that if, on the date the U.S. Committed Loan Notice with respect to such U.S. Borrowing is given by the U.S. Borrower, there are U.S. L/C Borrowings outstanding, then the proceeds of such U.S. Borrowing, first, shall be
applied, to the payment in full of any such U.S. L/C Borrowings, and second, shall be made available to the U.S. Borrower as provided above. 
 (c) Except as otherwise provided herein, a U.S. Eurodollar Rate Committed Loan may be continued or converted only on the last day of an Interest Period for such U.S. Eurodollar Rate Committed Loan. During
the existence of an Event of Default, no Loans may be requested as, converted to or continued as U.S. Eurodollar Rate Committed Loans without the consent of the U.S. Required Lenders. 

(d) The Administrative Agent shall promptly notify the U.S. Borrower and the Lenders of the interest rate applicable to any Interest
Period for U.S. Eurodollar Rate Committed Loans upon determination of such interest rate. The determination of the U.S. Dollar Eurodollar Rate by the Administrative Agent shall be conclusive in the absence of manifest error. At any time that
U.S. Base Rate Committed Loans are outstanding, the Administrative Agent shall notify the U.S. Borrower and the Lenders of any change in Bank of America’s prime rate used in determining the U.S. Base Rate promptly following the public
announcement of such change. 
 (e) After giving effect to all U.S. Committed Borrowings, all conversions of U.S. Committed Loans
from one Type to the other, and all continuations of U.S. Committed Loans as the same Type, there shall not be more than ten Interest Periods in effect with respect to U.S. Committed Loans. 

  
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 2.03. U.S. Bid Loans. 

(a) General. Subject to the terms and conditions set forth herein, each Lender agrees that the U.S. Borrower may from time to time
request the Lenders to submit offers to make loans in U.S. Dollars (each such loan, a “U.S. Bid Loan”) for requested maturities of thirty (30) days or more to the U.S. Borrower prior to the Maturity Date pursuant to this
Section 2.03; provided, however, that after giving effect to any U.S. Bid Borrowing, the Total U.S. Outstandings shall not exceed the Aggregate U.S. Commitments. There shall not be more than five different Interest
Periods in effect with respect to U.S. Bid Loans at any time. 
 (b) Requesting U.S. Competitive Bids. The U.S. Borrower
may request the submission of U.S. Competitive Bids by delivering a U.S. Bid Request to the Administrative Agent not later than 12:00 noon (i) one Business Day prior to the requested date of any U.S. Bid Borrowing that is to consist of U.S.
Absolute Rate Loans, or (ii) four Business Days prior to the requested date of any U.S. Bid Borrowing that is to consist of U.S. Eurodollar Margin Bid Loans. Each U.S. Bid Request shall specify (i) the requested date of the U.S. Bid
Borrowing (which shall be a Business Day), (ii) the aggregate principal amount of U.S. Bid Loans requested (which must be U.S. $5,000,000 or a whole multiple of U.S. $1,000,000 in excess thereof), (iii) the Type of U.S. Bid Loans
requested, and (iv) the duration of the Interest Period with respect thereto, and shall be signed by a Responsible Officer of the U.S. Borrower. No U.S. Bid Request shall contain a request for (i) more than one Type of U.S. Bid Loan or
(ii) U.S. Bid Loans having more than three different Interest Periods. Unless the Administrative Agent otherwise agrees in its sole and absolute discretion, the U.S. Borrower may not submit a U.S. Bid Request if it has submitted another U.S.
Bid Request within the prior five Business Days. 
 (c) Submitting U.S. Competitive Bids. 

(i) The Administrative Agent shall promptly notify each Lender of each U.S. Bid Request received by it from the U.S.
Borrower and the contents of such U.S. Bid Request. 
 (ii) Each Lender may (but shall have no obligation to)
submit a U.S. Competitive Bid containing an offer to make one or more U.S. Bid Loans in response to such U.S. Bid Request. Such U.S. Competitive Bid must be delivered to the Administrative Agent not later than 10:30 a.m. (A) on the requested
date of any U.S. Bid Borrowing that is to consist of U.S. Absolute Rate Loans, and (B) three Business Days prior to the requested date of any U.S. Bid Borrowing that is to consist of U.S. Eurodollar Margin Bid Loans; provided,
however, that any U.S. Competitive Bid submitted by Bank of America in its capacity as a Lender in response to any U.S. Bid Request must be submitted to the Administrative Agent not later than 10:15 a.m. on the date on which U.S.
Competitive Bids are required to be delivered by the other Lenders in response to such U.S. Bid Request. Each U.S. Competitive Bid shall specify (A) the proposed date of the U.S. Bid Borrowing; (B) the principal amount of each U.S. Bid
Loan for which such U.S. Competitive Bid is being made, which principal amount (x) may be equal to, greater than or less than the U.S. Commitment of the bidding Lender, (y) must be U.S. $5,000,000 or a whole multiple of U.S. $1,000,000 in
excess thereof, and (z) may not exceed the principal amount of U.S. Bid Loans for which U.S. Competitive Bids were requested; (C) if the proposed U.S. Bid Borrowing is to consist of U.S. Absolute Rate Loans, the Absolute Rate offered for
each such U.S. Bid Loan and the Interest Period applicable thereto; (D) if the proposed U.S. Bid Borrowing is to consist of U.S. Eurodollar Margin Bid Loans, the U.S. Eurodollar Bid Margin with respect to each such U.S. Eurodollar Margin Bid
Loan and the Interest Period applicable thereto; and (E) the identity of the bidding Lender. 

  
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 (iii) Any U.S. Competitive Bid shall be disregarded if it (A) is
received after the applicable time specified in clause (ii) above, (B) is not substantially in the form of a U.S. Competitive Bid as specified herein, (C) contains qualifying, conditional or similar language,
(D) proposes terms other than or in addition to those set forth in the applicable U.S. Bid Request, or (E) is otherwise not responsive to such U.S. Bid Request. Any Lender may correct a U.S. Competitive Bid containing a manifest error by
submitting a corrected U.S. Competitive Bid (identified as such) not later than the applicable time required for submission of U.S. Competitive Bids. Any such submission of a corrected U.S. Competitive Bid shall constitute a revocation of the U.S.
Competitive Bid that contained the manifest error. The Administrative Agent may, but shall not be required to, notify any Lender of any manifest error it detects in such Lender’s U.S. Competitive Bid. 

(iv) Subject only to the provisions of Sections 5.02, 5.03 and 6.02 and
clause (iii) above, each U.S. Competitive Bid shall be irrevocable. 
 (d) Notice to U.S. Borrower of U.S.
Competitive Bids. Not later than 11:00 a.m. (i) on the requested date of any U.S. Bid Borrowing that is to consist of U.S. Absolute Rate Loans, or (ii) three Business Days prior to the requested date of any U.S. Bid Borrowing that
is to consist of U.S. Eurodollar Margin Bid Loans, the Administrative Agent shall notify the U.S. Borrower of the identity of each Lender that has submitted a U.S. Competitive Bid that complies with Section 2.03(c) and of the
terms of the offers contained in each such U.S. Competitive Bid. 
 (e) Acceptance of U.S. Competitive Bids. Not later
than 11:30 a.m. (i) on the requested date of any U.S. Bid Borrowing that is to consist of U.S. Absolute Rate Loans, and (ii) three Business Days prior to the requested date of any U.S. Bid Borrowing that is to consist of U.S.
Eurodollar Margin Bid Loans, the U.S. Borrower shall notify the Administrative Agent of its acceptance or rejection of the offers notified to it pursuant to Section 2.03(d). The U.S. Borrower shall be under no obligation to accept
any U.S. Competitive Bid and may choose to reject all U.S. Competitive Bids. In the case of acceptance, such notice shall specify the aggregate principal amount of U.S. Competitive Bids for each Interest Period that is accepted. The U.S. Borrower
may accept any U.S. Competitive Bid in whole or in part; provided that: 
 (i) the aggregate principal
amount of each U.S. Bid Borrowing may not exceed the applicable amount set forth in the related U.S. Bid Request; 
 (ii) the principal amount of each U.S. Bid Loan must be U.S. $5,000,000 or a whole multiple of U.S. $1,000,000 in excess thereof; 

(iii) the acceptance of offers may be made only on the basis of ascending Absolute Rates or U.S. Eurodollar Bid Margins
within each Interest Period; and 
 (iv) the U.S. Borrower may not accept any offer that is described in
Section 2.03(c)(iii) or that otherwise fails to comply with the requirements hereof. 
 (f) Procedure for
Identical U.S. Bids. If two or more Lenders have submitted U.S. Competitive Bids at the same Absolute Rate or U.S. Eurodollar Bid Margin, as the case may be, for the same Interest Period, and the result of accepting all of such U.S. Competitive
Bids in whole (together with any other U.S. Competitive Bids at lower Absolute Rates or U.S. Eurodollar Bid Margins, as the case may be, accepted for such Interest Period in conformity with the requirements of
Section 2.03(e)(iii)) would be to cause the aggregate outstanding principal amount of the applicable U.S. Bid Borrowing to exceed the amount specified therefor in the related U.S. Bid Request, then, unless otherwise agreed by the
U.S. Borrower, the Administrative Agent and such Lenders, such U.S. Competitive Bids shall be accepted as nearly as possible in proportion to the amount offered by each such Lender in respect of such Interest Period, with such accepted amounts being
rounded to the nearest whole multiple of U.S. $1,000,000. 

  
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 (g) Notice to Lenders of Acceptance or Rejection of U.S. Bids. The Administrative
Agent shall promptly notify each Lender having submitted a U.S. Competitive Bid whether or not its offer has been accepted and, if its offer has been accepted, of the amount of the U.S. Bid Loan or U.S. Bid Loans to be made by it on the date of the
applicable U.S. Bid Borrowing. Any U.S. Competitive Bid or portion thereof that is not accepted by the U.S. Borrower by the applicable time specified in Section 2.03(e) shall be deemed rejected. 

(h) Notice of U.S. Dollar Eurodollar Rate. If any U.S. Bid Borrowing is to consist of U.S. Eurodollar Margin Bid Loans, the
Administrative Agent shall determine the U.S. Dollar Eurodollar Rate for the relevant Interest Period, and promptly after making such determination, shall notify the U.S. Borrower and the Lenders that will be participating in such U.S. Bid
Borrowing of such U.S. Dollar Eurodollar Rate. 
 (i) Funding of U.S. Bid Loans. Each Lender that has received notice
pursuant to Section 2.03(g) that all or a portion of its U.S. Competitive Bid has been accepted by the U.S. Borrower shall make the amount of its U.S. Bid Loan(s) available to the Administrative Agent in immediately available
funds at the Administrative Agent’s Office not later than 1:00 p.m. on the date of the requested U.S. Bid Borrowing. Upon satisfaction of the applicable conditions set forth in Section 6.02, the Administrative Agent shall
make all funds so received available to the U.S. Borrower in like funds as received by the Administrative Agent. 
 (j) Notice
of Range of U.S. Bids. After each U.S. Competitive Bid auction pursuant to this Section 2.03, the Administrative Agent shall notify each Lender that submitted a U.S. Competitive Bid in such auction of the ranges of bids
submitted (without the bidder’s name) and accepted for each U.S. Bid Loan and the aggregate amount of each U.S. Bid Borrowing. 
 2.04. U.S. Letters of Credit. 
 (a) The U.S. Letter of Credit
Commitment. 
 (i) Subject to the terms and conditions set forth herein, (A) each U.S. L/C Issuer
agrees, in reliance upon the agreements of the other Lenders set forth in this Section 2.04, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to
issue U.S. Letters of Credit denominated in U.S. Dollars for the account of the U.S. Borrower, and to amend or renew U.S. Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor
drawings under the U.S. Letters of Credit; and (B) the Lenders severally agree to participate in U.S. Letters of Credit issued for the account of the U.S. Borrower and any drawings thereunder; provided that after giving effect to any
U.S. L/C Credit Extension with respect to any U.S. Letter of Credit, (w) the Total U.S. Outstandings shall not exceed the Aggregate U.S. Commitments, (x) the aggregate Outstanding Amount of the U.S. Committed Loans of any Lender,
plus such Lender’s Pro Rata Share of the Outstanding Amount of all U.S. L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all U.S. Swing Line Loans shall not exceed such Lender’s U.S.
Commitment, (y) the sum of the Outstanding Amount of the U.S. L/C Obligations plus the Outstanding Amount of the Canadian L/C Obligations shall not exceed the Letter of Credit Sublimit, and (z) the Outstanding Amount of such L/C
Issuer’s (and, if applicable, its Canadian Affiliate’s) L/C Obligations shall not exceed such L/C Issuer’s L/C Issuer Global Commitment unless such U.S. L/C Issuer agrees otherwise in writing with the U.S. Borrower. Each request by

  
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the U.S. Borrower for the issuance or amendment of a U.S. Letter of Credit shall be deemed to be a representation by the U.S. Borrower that the U.S. L/C Credit Extension so requested complies
with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, the U.S. Borrower’s ability to obtain U.S. Letters of Credit shall be fully revolving, and
accordingly the U.S. Borrower may, during the foregoing period, obtain U.S. Letters of Credit to replace U.S. Letters of Credit that have expired or that have been drawn upon and reimbursed. All Existing U.S. Letters of Credit shall be deemed to
have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof. 
 (ii) No U.S. L/C Issuer shall issue any U.S. Letter of Credit, if the expiry date of such requested U.S. Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the Lenders
have approved such expiry date. 
 (iii) No U.S. L/C Issuer shall be under any obligation to issue any U.S.
Letter of Credit if: 
 (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by
its terms purport to enjoin or restrain such U.S. L/C Issuer from issuing such U.S. Letter of Credit, or any Law applicable to such U.S. L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority
with jurisdiction over such U.S. L/C Issuer shall prohibit, or request that such U.S. L/C Issuer refrain from, the issuance of letters of credit generally or such U.S. Letter of Credit in particular or shall impose upon such U.S. L/C Issuer with
respect to such U.S. Letter of Credit any restriction, reserve or capital requirement (for which such U.S. L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such U.S. L/C Issuer any
unreimbursed loss, cost or expense which was not applicable on the Closing Date and which such U.S. L/C Issuer in good faith deems material to it, unless the U.S. Borrower confirms that it will pay the foregoing; 

(B) the issuance of such U.S. Letter of Credit would violate any Laws; 

(C) except as otherwise agreed by the Administrative Agent and such U.S. L/C Issuer, such U.S. Letter of Credit is in an
initial face amount less than U.S. $10,000; 
 (D) such U.S. Letter of Credit is to be denominated in a currency
other than U.S. Dollars; 
 (E) the issuance of such U.S. Letter of Credit would violate one or more policies of
such U.S. L/C Issuer applicable to the issuance of letters of credit generally and applied by such U.S. L/C Issuer to other similarly situated borrowers under similar credit facilities; provided that (x) upon request of the U.S.
Borrower, such U.S. L/C Issuer shall provide the U.S. Borrower a reasonably detailed description of such policy and (y) such policy shall not be predicated on the credit strength of the Loan Parties or the Lenders; or 

(F) any Lender is at that time a Defaulting Lender, unless such U.S. L/C Issuer has entered into arrangements, including
the delivery of Cash Collateral, satisfactory to such U.S. L/C Issuer (in its reasonable discretion) with the U.S. Borrower or such Lender to eliminate such U.S. L/C Issuer’s actual or potential Fronting Exposure (after giving effect to
Section 4.10(a)(iv)) with respect to the Defaulting Lender arising 

  
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from either the U.S. Letter of Credit then proposed to be issued or that U.S. Letter of Credit and all other U.S. L/C Obligations as to which such U.S. L/C Issuer has actual or potential Fronting
Exposure, as it may elect in its reasonable discretion. 
 (iv) No U.S. L/C Issuer shall amend any U.S. Letter of
Credit if such U.S. L/C Issuer would not be permitted at such time to issue such U.S. Letter of Credit in its amended form under the terms hereof. 
 (v) No U.S. L/C Issuer shall be under any obligation to amend any U.S. Letter of Credit if (A) such U.S. L/C Issuer would have no obligation at such time to issue such U.S. Letter of Credit in its
amended form under the terms hereof, or (B) the beneficiary of such U.S. Letter of Credit does not accept the proposed amendment to such U.S. Letter of Credit. 
 (b) Procedures for Issuance and Amendment of U.S. Letters of Credit. 
 (i) Each U.S. Letter of Credit shall be issued or amended, as the case may be, upon the request of the U.S. Borrower delivered to a U.S. L/C Issuer (with a copy to the Administrative Agent) in the form of
a U.S. Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the U.S. Borrower. Such U.S. Letter of Credit Application may be sent by facsimile, by United States mail, by overnight courier, by electronic
transmission using the system provided by such U.S. L/C Issuer, by personal delivery or by any other means acceptable to such U.S. L/C Issuer. Such U.S. Letter of Credit Application must be received by such U.S. L/C Issuer and the Administrative
Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as the Administrative Agent and such U.S. L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or
date of amendment, as the case may be. In the case of a request for an initial issuance of a U.S. Letter of Credit, such U.S. Letter of Credit Application shall specify in form and detail satisfactory to such U.S. L/C Issuer: (A) the proposed
issuance date of the requested U.S. Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by
such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (G) such other matters as such U.S. L/C Issuer may reasonably require. In
the case of a request for an amendment of any outstanding U.S. Letter of Credit, such U.S. Letter of Credit Application shall specify in form and detail satisfactory to such U.S. L/C Issuer (A) the U.S. Letter of Credit to be amended;
(B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as such U.S. L/C Issuer may require. Additionally, the U.S. Borrower shall furnish to
such U.S. L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested U.S. Letter of Credit issuance or amendment, including any Issuer Documents, as such U.S. L/C Issuer or the Administrative Agent may
reasonably require. 
 (ii) Promptly after receipt of any U.S. Letter of Credit Application, a U.S. L/C Issuer
will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such U.S. Letter of Credit Application from the U.S. Borrower and, if not, such U.S. L/C Issuer will provide the
Administrative Agent with a copy thereof. Unless such U.S. L/C Issuer has received written notice from any Lender, the Administrative Agent or any Loan Party, at least one Business Day prior to the requested date of issuance or amendment of the
applicable U.S. Letter of Credit, that one or more applicable conditions contained in Article 6 shall not then be satisfied, then, subject to the terms and conditions hereof, such U.S. L/C Issuer shall, on the requested date,
issue a U.S. Letter of Credit for the account of the U.S. Borrower or enter into the applicable amendment, as the case may be, in each case in accordance 

  
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with such U.S. L/C Issuer’s usual and customary business practices. Immediately upon the issuance of each U.S. Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and
unconditionally agrees to, purchase from such U.S. L/C Issuer a risk participation in such U.S. Letter of Credit in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such U.S. Letter of Credit.

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

(c) Drawings and Reimbursements; Funding of Participations. 

(i) Upon receipt from the beneficiary of any U.S. Letter of Credit of any notice of a drawing under such U.S. Letter of
Credit, the applicable U.S. L/C Issuer shall notify the U.S. Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by such U.S. L/C Issuer under a U.S. Letter of Credit (each such date, an
“U.S. Honor Date”), the U.S. Borrower shall reimburse such U.S. L/C Issuer in an amount equal to the amount of such drawing by means of a Borrowing of U.S. Base Rate Committed Loans or otherwise. If the U.S. Borrower fails so
to reimburse such U.S. L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of the U.S. Honor Date, the amount of the unreimbursed drawing (the “U.S. Unreimbursed Amount”), and the amount of
such Lender’s Pro Rata Share thereof. In such event, the U.S. Borrower shall be deemed to have requested a U.S. Committed Borrowing of U.S. Base Rate Loans to be disbursed on the U.S. Honor Date in an amount equal to the U.S. Unreimbursed
Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of U.S. Base Rate Loans, but subject to the amount of the unutilized portion of the Aggregate U.S. Commitments and whether or
not the conditions set forth in Section 6.02 are satisfied, provided that no Event of Default under Sections 10.01(h)(i) or 10.01(h)(ii) has occurred and is continuing. Any notice given by such
U.S. L/C Issuer or the Administrative Agent pursuant to this Section 2.04(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the
conclusiveness or binding effect of such notice. 
 (ii) Each Lender (including the Lender acting as the
applicable U.S. L/C Issuer) shall upon any notice pursuant to Section 2.04(c)(i) make funds available to the Administrative Agent for the account of such U.S. L/C Issuer at the Administrative Agent’s Office in an amount equal
to its Pro Rata Share of the U.S. Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.04(c)(iii), each Lender
that so makes funds available shall be deemed to have made a U.S. Base Rate Committed Loan to the U.S. Borrower in such amount. The Administrative Agent shall remit the funds so received to such U.S. L/C Issuer. 

(iii) With respect to any U.S. Unreimbursed Amount that is not fully refinanced by a U.S. Committed Borrowing of U.S. Base
Rate Loans for any reason, the U.S. Borrower shall be deemed to have incurred from such U.S. L/C Issuer a U.S. L/C Borrowing in the amount of the U.S. Unreimbursed Amount that is not so refinanced, which U.S. L/C Borrowing shall be due and payable
on demand (together with interest) and shall bear interest at a per annum rate equal to (i) for the first three (3) Business Days after the date of such U.S. L/C Borrowing, the U.S. Base Rate, and (ii) thereafter, the U.S. Base Rate
plus two percent (2%). In such event, each Lender’s payment to the Administrative Agent for the account of such U.S. L/C Issuer pursuant to Section 2.04(c)(ii) shall be deemed payment in respect of its participation in such
U.S. L/C 
 Borrowing and shall constitute a U.S. L/C Advance from such Lender in satisfaction of its participation obligation
under this Section 2.04. 

  
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 (iv) Until each Lender funds its U.S. Committed Loan or U.S. L/C Advance
pursuant to this Section 2.04(c) to reimburse a U.S. L/C Issuer for any amount drawn under any U.S. Letter of Credit, interest in respect of such Lender’s Pro Rata Share of such amount shall be solely for the account of such
U.S. L/C Issuer. 
 (v) Each Lender’s obligation to make U.S. Committed Loans or U.S. L/C Advances to
reimburse a U.S. L/C Issuer for amounts drawn under U.S. Letters of Credit, as contemplated by this Section 2.04(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any
set-off, counterclaim, recoupment, defense or other right which such Lender may have against such U.S. L/C Issuer, the U.S. Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any
other occurrence, event or condition, whether or not similar to any of the foregoing. No such making of a U.S. L/C Advance shall relieve or otherwise impair the obligation of the U.S. Borrower to reimburse such U.S. L/C Issuer for the amount of any
payment made by such U.S. L/C Issuer under any U.S. Letter of Credit, together with interest as provided herein. 

(vi) If any Lender fails to make available to the Administrative Agent for the account of a U.S. L/C Issuer any amount
required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(ii), then, without limiting the other provisions of this Agreement, such
U.S. L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is
immediately available to such U.S. L/C Issuer at a rate per annum equal to greater of the Federal Funds Rate and a rate determined by such U.S. L/C Issuer in accordance with banking industry rules on interbank compensation, plus any administrative,
processing or similar fees customarily charged by such U.S. L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid (excluding, for the avoidance of doubt, the aforesaid
interest and fees) shall constitute such Lender’s U.S. Committed Loan included in the relevant U.S. Committed Borrowing or U.S. L/C Advance in respect of the relevant U.S. L/C Borrowing, as the case may be. A certificate of a U.S. L/C Issuer
submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error. 

(d) Repayment of Participations. 
 (i) At any time after a U.S. L/C Issuer has made a payment under any U.S. Letter of Credit and has received from any Lender such Lender’s U.S. L/C Advance in respect of such payment in accordance
with Section 2.04(c), if the Administrative Agent receives for the account of such U.S. L/C Issuer any payment in respect of the related U.S. Unreimbursed Amount or interest thereon (whether directly from the U.S. Borrower or
otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect
the period of time during which such Lender’s U.S. L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. 
 (ii) If any payment received by the Administrative Agent for the account of any U.S. L/C Issuer pursuant to Section 2.04(c)(i) is required to be returned under any of the circumstances
described in Section 12.08 (including pursuant to any settlement entered into by such U.S. L/C 

  
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Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such U.S. L/C Issuer its Pro Rata Share thereof on demand of the Administrative Agent, plus
interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the
payment in full of the Obligations and the termination of this Agreement. 
 (e) Obligations Absolute. The obligation of
the U.S. Borrower to reimburse a U.S. L/C Issuer for each drawing under each U.S. Letter of Credit and to repay each U.S. L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this
Agreement under all circumstances, including the following: 
 (i) any lack of validity or enforceability of such
U.S. Letter of Credit, this Agreement, or any other Loan Document; 
 (ii) the existence of any claim,
counterclaim, set-off, defense or other right that the U.S. Borrower or any Subsidiary may have at any time against any beneficiary or any transferee of such U.S. Letter of Credit (or any Person for whom any such beneficiary or any such transferee
may be acting), such U.S. L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such U.S. Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction;

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

(v) any payment made by such U.S. L/C Issuer in respect of an otherwise complying item presented after the date specified
as the expiration date of, or the date by which documents must be received under such Letter of Credit if presentation after such date is authorized by the UCC, the ISP or the UCP, as applicable, to the extent the UCC, the ISP or the UCP applies to
such Letter of Credit and the applicable provision in the UCC, the ISP or the UCP that would otherwise permit such presentation was not overridden by the terms of such Letter of Credit; 

(vi) any payment by such U.S. L/C Issuer under such U.S. Letter of Credit against presentation of a draft or certificate
that does not strictly comply with the terms of such U.S. Letter of Credit; or any payment made by such U.S. L/C Issuer under such U.S. Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the
benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such U.S. Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or

 (vii) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing,
including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the U.S. Borrower or any Subsidiary. 

  
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 The U.S. Borrower shall promptly examine a copy of each U.S. Letter of Credit and each
amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the U.S. Borrower’s instructions or other irregularity, the U.S. Borrower will promptly notify the U.S. L/C Issuer. The U.S. Borrower shall be
conclusively deemed to have waived any such claim against the U.S. L/C Issuer and its correspondents unless such notice is given as aforesaid. 
 (f) Role of U.S. L/C Issuer. Each Lender and the U.S. Borrower agree that, in paying any drawing under a U.S. Letter of Credit, a U.S. L/C Issuer shall not have any responsibility to obtain any
document (other than any sight draft, certificates and documents expressly required by the U.S. Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering
any such document. None of the U.S. L/C Issuers, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of any U.S. L/C Issuer shall be liable to any Lender for (i) any action taken or
omitted in connection herewith at the request or with the approval of the Lenders or the U.S. Required Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due
execution, effectiveness, validity or enforceability of any document or instrument related to any U.S. Letter of Credit or Issuer Document. The U.S. Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with
respect to its use of any U.S. Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the U.S. Borrower’s pursuing such rights and remedies as it may have against the beneficiary or
transferee at law or under any other agreement. None of the U.S. L/C Issuers, the Administrative Agent, any of their respective Related Parties, nor any of the respective correspondents, participants or assignees of any U.S. L/C Issuer, shall be
liable or responsible for any of the matters described in clauses (i) through (vii) of Section 2.04(e); provided, however, that anything in such clauses to the contrary
notwithstanding, the U.S. Borrower may have a claim against the a U.S. L/C Issuer, and such U.S. L/C Issuer may be liable to the U.S. Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages
suffered by the U.S. Borrower which the U.S. Borrower proves were caused by such U.S. L/C Issuer’s willful misconduct or gross negligence or such U.S. L/C Issuer’s willful failure to pay under any U.S. Letter of Credit after the
presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a U.S. Letter of Credit. In furtherance and not in limitation of the foregoing, a U.S. L/C Issuer may accept documents that
appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and such U.S. L/C Issuer shall not be responsible for the validity or sufficiency of any instrument
transferring or assigning or purporting to transfer or assign a U.S. Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. A U.S. L/C Issuer may
send a U.S. Letter of Credit or conduct any communication to or from the beneficiary via SWIFT message or overnight courier, or any other commercially reasonable means of communicating with a beneficiary. 

(g) Cash Collateral. Upon the request of the Administrative Agent or, in the case of the succeeding clause (ii), any
U.S. L/C Issuer (with a copy to the Administrative Agent) (i) if such U.S. L/C Issuer has honored any full or partial drawing request under any U.S. Letter of Credit and such drawing has resulted in a U.S. L/C Borrowing, or (ii) if, as of
the Letter of Credit Expiration Date, any U.S. Letter of Credit for any reason remains outstanding and partially or wholly undrawn, the U.S. Borrower shall immediately Cash Collateralize the then Outstanding Amount of all U.S. L/C Obligations in an
amount equal to one hundred percent (100%) of such Outstanding Amount determined as of the date of such U.S. L/C Borrowing or the Letter of Credit Expiration Date, as the case may be. Sections 2.06, 3.04,
3.06, 4.10, and 10.02(c) set forth certain additional requirements to deliver Cash Collateral hereunder. The U.S. Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby
grants to the Administrative Agent, for the benefit of the U.S. L/C Issuers and the Lenders, a first priority security interest in all such cash, deposit accounts and all balances therein and in all other property so provided as collateral pursuant
to this Agreement, and in all proceeds of the foregoing, all as security for the obligations to which Cash Collateral may be applied. Cash Collateral shall be maintained in blocked deposit accounts held by the Administrative Agent. 

  
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 If at any time the Administrative Agent determines that Cash Collateral is subject to any
right or claim of any Person other than the Administrative Agent as herein provided which has priority over the Administrative Agent’s claim, the applicable Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the
Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. 
 Notwithstanding
anything to the contrary contained in this Agreement, Cash Collateral provided under this Agreement in respect of U.S. Letters of Credit or U.S. Swing Line Loans shall be held and applied to the satisfaction of the specific U.S. L/C Obligations,
U.S. Swing Line Loans, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior
to any other application of such property as may be provided for herein. 
 Cash Collateral (or the appropriate portion thereof)
provided to reduce Fronting Exposure or other obligations shall be released in whole or in part, as applicable, promptly following (i) the elimination of the applicable Fronting Exposure or payment in full of all other obligations giving rise
thereto (including, if applicable, by the termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance with Section 12.09(b)(vi))) or (ii) the Administrative
Agent’s determination that there exists excess Cash Collateral; provided, however, that Cash Collateral furnished by or on behalf of a Loan Party shall not be released during the continuance of a Default or Event of Default (and
following application as provided in this Section 2.04, in Section 4.10, or as may be otherwise applied in accordance with Section 10.04). 

(h) Applicability of ISP98 and UCP. Unless otherwise expressly agreed by a U.S. L/C Issuer and the U.S. Borrower when a U.S. Letter
of Credit is issued (including any such agreement applicable to an Existing U.S. Letter of Credit), (i) the rules of the ISP shall apply to each standby U.S. 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 U.S. Letter of Credit. Notwithstanding the foregoing, no U.S. L/C Issuer shall be responsible to the U.S.
Borrower for, and such U.S. L/C Issuer’s rights and remedies against the U.S. Borrower shall not be impaired by, any action or inaction of such U.S. L/C Issuer required or permitted under any law, order, or practice that is required or
permitted to be applied to any U.S. Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where such U.S. L/C Issuer or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the
decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade—International Financial Services Association (BAFT-IFSA), or the Institute of International Banking
Law & Practice, to the extent such law or practice is applicable to such U.S. Letter of Credit. 
 (i) U.S. Letter of
Credit Fees. The U.S. Borrower shall pay to the Administrative Agent for the account of each Lender in accordance, subject to Section 4.10, with its Pro Rata Share a U.S. Letter of Credit fee (the “U.S. Letter of
Credit Fee”) for each U.S. Letter of Credit equal to the Applicable Rate times the daily maximum amount available to be drawn under such U.S. Letter of Credit. U.S. Letter of Credit Fees shall be (i) computed on a quarterly
basis in arrears and (ii) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such U.S. Letter of Credit, on the Letter of
Credit Expiration Date and thereafter on demand. If there is any change in the Applicable Rate during any quarter, the daily maximum amount of each U.S. Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each
period during such quarter that such Applicable Rate was in effect. 

  
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 (j) Fronting Fee and Documentary and Processing Charges Payable to U.S. L/C Issuer.
The U.S. Borrower shall pay directly to the applicable U.S. L/C Issuer for its own account a fronting fee with respect to each U.S. Letter of Credit at the rate per annum specified in the applicable Fee Letter, payable on the actual daily maximum
amount available to be drawn under such U.S. Letter of Credit. Such fronting fee shall be computed on a quarterly basis in arrears. Such fronting fee shall be due and payable on the first Business Day after the end of each March, June, September and
December, commencing with the first such date to occur after the issuance of such U.S. Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. In addition, the U.S. Borrower shall pay directly to such U.S. L/C Issuer for
its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such U.S. L/C Issuer relating to letters of credit as agreed to by the U.S. Borrower and the applicable U.S. L/C
Issuer. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable. 
 (k)
Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer Document, the terms hereof shall control. 
 (l) Designation of Subsidiaries as Account Parties. Notwithstanding anything to the contrary set forth in this Agreement, including without limitation Section 2.04(a), a U.S.
Letter of Credit issued hereunder shall, upon the request of the U.S. Borrower, be issued for the account of any Subsidiary of the U.S. Borrower, provided that notwithstanding such request, the U.S. Borrower shall be the actual account party
for all purposes of this Agreement for such U.S. Letter of Credit, and such request shall not affect the U.S. Borrower’s reimbursement obligations hereunder with respect to such U.S. Letter of Credit. 

(m) U.S. L/C Issuer Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each U.S. L/C Issuer
shall, in addition to its notification obligations set forth elsewhere in this Section, report in writing to the Administrative Agent (i) periodic activity (for such period or recurrent periods as shall be requested by the Administrative Agent)
in respect of U.S. Letters of Credit issued by such U.S. L/C Issuer, including issuances, extensions, amendments and renewals, expirations and cancelations and disbursements and reimbursements, (ii) at least one Business Day prior to the time
that such U.S. L/C Issuer issues, amends, renews or extends a U.S. Letter of Credit, the date of such issuance, amendment, renewal or extension, and the stated amount of the applicable U.S. Letters of Credit after giving effect to such issuance,
amendment, renewal or extension (and whether the amounts thereof shall have changed), (iii) on each Business Day on which such U.S. L/C Issuer makes a payment pursuant to a U.S. Letter of Credit, the date and amount of such payment,
(iv) on any Business Day on which the U.S. Borrower fails to reimburse a payment made pursuant to a U.S. Letter of Credit required to be reimbursed to such U.S. L/C Issuer on such day, the date of such failure and the amount of such payment and
(v) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the U.S. Letters of Credit issued by such U.S. L/C Issuer. 

2.05. U.S. Swing Line Loans. 
 (a) The U.S. Swing Line. Subject to the terms and conditions set forth herein, the U.S. Swing Line Lender, in reliance upon the agreements of the other Lenders set forth in this
Section 2.05, agrees to make loans in U.S. Dollars (each such loan, a “U.S. Swing Line Loan”) to the U.S. Borrower from time to time on any Business Day during the Availability Period in an aggregate amount
not to exceed at any time outstanding the amount of the U.S. Swing Line Sublimit, notwithstanding the fact that such U.S. Swing Line Loans, when aggregated with the Pro Rata Share of the Outstanding Amount of U.S. Committed Loans and U.S. L/C
Obligations of the Lender acting as U.S. Swing Line Lender, may exceed the amount of such Lender’s U.S. Commitment; provided, however, that (x) after giving effect to any U.S. Swing Line Loan, (i) the Total U.S.
Outstandings shall not exceed the Aggregate U.S. Commitments, (ii) the aggregate Outstanding Amount of the U.S. Committed Loans of any Lender, plus  

  
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such Lender’s Pro Rata Share of the Outstanding Amount of all U.S. L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all U.S. Swing Line Loans shall
not exceed such Lender’s U.S. Commitment, and (iii) the aggregate Outstanding Amount of U.S. Swing Line Loans plus the aggregate Outstanding Amount of Canadian Swing Line Loans shall not exceed $50,000,000, (y) that the U.S.
Borrower shall not use the proceeds of any U.S. Swing Line Loan to refinance any outstanding U.S. Swing Line Loan, and (z) the U.S. Swing Line Lender shall not be obligated to make a U.S. Swing Line Loan if it shall determine (after giving
effect to Section 4.10(a)(iv)) that it has, or by such Credit Extension may have, Fronting Exposure. Within the foregoing limits, and subject to the other terms and conditions hereof, the U.S. Borrower may borrow under this
Section 2.05, prepay under Section 2.06, and reborrow under this Section 2.05. Immediately upon the making of a U.S. Swing Line Loan, each Lender shall be deemed to, and hereby irrevocably and
unconditionally agrees to, purchase from the U.S. Swing Line Lender a risk participation in such U.S. Swing Line Loan in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such U.S. Swing Line Loan.

 (b) U.S. Borrowing Procedures. Each U.S. Swing Line Borrowing shall be made upon the U.S. Borrower’s irrevocable
notice to the U.S. Swing Line Lender and the Administrative Agent, which may be given by telephone. Each such notice must be received by the U.S. Swing Line Lender and the Administrative Agent not later than 3:00 p.m. on the requested borrowing
date, and shall specify (i) the amount to be borrowed, which shall be a minimum of U.S. $1,000,000, and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed promptly by delivery to
the U.S. Swing Line Lender and the Administrative Agent of a written U.S. Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the U.S. Borrower. Promptly after receipt by the U.S. Swing Line Lender of any
telephonic U.S. Swing Line Loan Notice, the U.S. Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such U.S. Swing Line Loan Notice and, if not, the U.S. Swing
Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the U.S. Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any
Lender) prior to 4:00 p.m. on the date of the proposed U.S. Swing Line Borrowing (A) directing the U.S. Swing Line Lender not to make such U.S. Swing Line Loan as a result of the limitations set forth in the proviso to the first sentence of
Section 2.05(a), or (B) that one or more of the applicable conditions specified in Article 6 is not then satisfied, then, subject to the terms and conditions hereof, the U.S. Swing Line Lender will, not
later than 5:00 p.m. on the borrowing date specified in such U.S. Swing Line Loan Notice, make the amount of its U.S. Swing Line Loan available to the U.S. Borrower at its office by crediting the account of the U.S. Borrower on the books of the U.S.
Swing Line Lender in immediately available funds. 
 (c) Refinancing of U.S. Swing Line Loans. 

(i) The U.S. Swing Line Lender at any time in its sole and absolute discretion may request, on behalf of the U.S. Borrower
(which hereby irrevocably authorizes the U.S. Swing Line Lender to so request on its behalf), that each Lender make a U.S. Base Rate Committed Loan in an amount equal to such Lender’s Pro Rata Share of the amount of U.S. Swing Line Loans then
outstanding. Such request shall be made in writing (which written request shall be deemed to be a U.S. Committed Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the
minimum and multiples specified therein for the principal amount of U.S. Base Rate Loans, but subject to the unutilized portion of the Aggregate U.S. Commitments and the conditions set forth in Section 6.02. The U.S. Swing Line
Lender shall furnish the U.S. Borrower with a copy of the applicable U.S. Committed Loan Notice promptly after delivering such notice to the Administrative Agent. Each Lender shall make an amount equal to its Pro Rata Share of the amount specified
in such U.S. Committed Loan Notice available to the Administrative Agent in immediately available funds (and the 

  
 47 

 
Administrative Agent may apply Cash Collateral available with respect to the applicable U.S. Swing Line Loan) for the account of the U.S. Swing Line Lender at the Administrative Agent’s
Office not later than 1:00 p.m. on the day specified in such U.S. Committed Loan Notice, whereupon, subject to Section 2.05(c)(ii), each Lender that so makes funds available shall be deemed to have made a U.S. Base Rate Committed
Loan to the U.S. Borrower in such amount. The Administrative Agent shall remit the funds so received to the U.S. Swing Line Lender. 
 (ii) If for any reason any U.S. Swing Line Loan cannot be refinanced by such a U.S. Committed Borrowing in accordance with Section 2.05(c)(i), the request for U.S. Base Rate Committed
Loans submitted by the U.S. Swing Line Lender as set forth herein shall be deemed to be a request by the U.S. Swing Line Lender that each of the Lenders fund its risk participation in the relevant U.S. Swing Line Loan and each Lender’s payment
to the Administrative Agent for the account of the U.S. Swing Line Lender pursuant to Section 2.05(c)(i) shall be deemed payment in respect of such participation. 

(iii) If any Lender fails to make available to the Administrative Agent for the account of the U.S. Swing Line Lender any
amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.05(c) by the time specified in Section 2.05(c)(i), the U.S. Swing Line Lender shall be entitled to recover from
such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the U.S. Swing Line Lender at a
rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the U.S. Swing Line Lender in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily
charged by the U.S. Swing Line Lender in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid (excluding, for the avoidance of doubt, the aforesaid interest and fees) shall
constitute such Lender’s U.S. Committed Loan included in the relevant U.S. Committed Borrowing or funded participation in the relevant U.S. Swing Line Loan, as the case may be. A certificate of the U.S. Swing Line Lender submitted to any Lender
(through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error. 
 (iv) Each Lender’s obligation to make U.S. Committed Loans or to purchase and fund risk participations in U.S. Swing Line Loans pursuant to this Section 2.05(c) shall be absolute
and unconditional and shall not be affected by any circumstance, including (A) any set-off, counterclaim, recoupment, defense or other right which such Lender may have against the U.S. Swing Line Lender, the U.S. Borrower or any other Person
for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation
to make U.S. Committed Loans pursuant to this Section 2.05(c) is subject to the conditions set forth in Section 6.02. No such funding of risk participations shall relieve or otherwise impair the obligation of
the U.S. Borrower to repay U.S. Swing Line Loans, together with interest as provided herein. 
 (d) Repayment of
Participations. 
 (i) At any time after any Lender has purchased and funded a risk participation in a U.S.
Swing Line Loan, if the U.S. Swing Line Lender receives any payment on account of such U.S. Swing Line Loan, the U.S. Swing Line Lender will distribute to such Lender its Pro Rata Share of such payment (appropriately adjusted, in the case of
interest payments, to reflect the period of time during which such Lender’s risk participation was funded) in the same funds as those received by the U.S. Swing Line Lender. 

  
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 (ii) If any payment received by the U.S. Swing Line Lender in respect of
principal or interest on any U.S. Swing Line Loan is required to be returned by the U.S. Swing Line Lender under any of the circumstances described in Section 12.08 (including pursuant to any settlement entered into by the U.S.
Swing Line Lender in its discretion), each Lender shall pay to the U.S. Swing Line Lender its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a
rate per annum equal to the Federal Funds Rate. The Administrative Agent will make such demand upon the request of the U.S. Swing Line Lender. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and
the termination of this Agreement. 
 (e) Interest for Account of U.S. Swing Line Lender. 

The U.S. Swing Line Lender shall be responsible for invoicing the U.S. Borrower for interest on the U.S. Swing Line Loans. Until each
Lender funds its U.S. Base Rate Committed Loan or risk participation pursuant to this Section 2.05 to refinance such Lender’s Pro Rata Share of any U.S. Swing Line Loan, interest in respect of such Pro Rata Share shall be
solely for the account of the U.S. Swing Line Lender. 
 (f) Payments Directly to U.S. Swing Line Lender. 

The U.S. Borrower shall make all payments of principal and interest in respect of the U.S. Swing Line Loans directly to the U.S. Swing
Line Lender. 
 2.06. Prepayments. 
 (a) The U.S. Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay U.S. Committed Loans in whole or in part without premium or penalty; provided
that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) two Business Days prior to any date of prepayment of U.S. Eurodollar Rate Committed Loans and (B) on the date of prepayment of U.S.
Base Rate Committed Loans; (ii) any prepayment of U.S. Eurodollar Rate Committed Loans shall be in a principal amount of U.S. $5,000,000 or a whole multiple of U.S. $1,000,000 in excess thereof; and (iii) any prepayment of U.S. Base Rate
Committed Loans shall be in a principal amount of U.S. $1,000,000 or a whole multiple of U.S. $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and
amount of such prepayment and the Type(s) of U.S. Committed Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share of such prepayment.
If such notice is given by the U.S. Borrower, the U.S. Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a U.S. Dollar Eurodollar Rate
Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 5.05. Each such prepayment shall be applied to the U.S. Committed Loans of the Lenders in accordance with
their respective Pro Rata Shares. 
 (b) No U.S. Bid Loan may be prepaid without the prior consent of the applicable U.S. Bid
Loan Lender. 
 (c) The U.S. Borrower may, upon notice to the U.S. Swing Line Lender (with a copy to the Administrative Agent),
at any time or from time to time, voluntarily prepay U.S. Swing Line Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the U.S. Swing Line Lender and the Administrative Agent not
later than 1:00 p.m. on the date of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of U.S. $1,000,000. Each such notice shall specify the date and amount of such prepayment. If such notice is given by the
U.S. Borrower, the U.S. Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. 

  
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 (d) If for any reason the Total U.S. Outstandings at any time exceed the Aggregate U.S.
Commitments then in effect, the U.S. Borrower shall immediately prepay Loans and/or Cash Collateralize the U.S. L/C Obligations in an aggregate amount equal to such excess; provided, however, that the U.S. Borrower shall not be
required to Cash Collateralize the U.S. L/C Obligations pursuant to this Section 2.06(d) unless after the prepayment in full of the U.S. Committed Loans and U.S. Swing Line Loans the Total U.S. Outstandings exceed the Aggregate
U.S. Commitments then in effect. 
 2.07. Repayment of U.S. Loans. 

(a) The U.S. Borrower shall repay to each Lender on the Maturity Date the aggregate principal amount of its U.S. Committed Loans and all
other U.S. Obligations owing to such Lender outstanding on such date. 
 (b) The U.S. Borrower shall repay each U.S. Swing Line
Loan on the earlier to occur of (i) the date ten Business Days after such U.S. Loan is made and (ii) the Maturity Date. 
 (c) The U.S. Borrower shall repay each U.S. Bid Loan on the last day of the Interest Period in respect thereof. 
 ARTICLE 3. 
 CANADIAN SUBFACILITY 

3.01. Canadian Committed Loans. Subject to the terms and conditions set forth herein, each Canadian Lender severally agrees to
make loans in Canadian Dollars or U.S. Dollars (each such loan, a “Canadian Committed Loan”) to each Canadian Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to
exceed at any time outstanding the amount of the Canadian Commitment of such Canadian Lender; provided, however, that after giving effect to any Canadian Committed Borrowing, (i) the Total Canadian Outstandings (calculated, as
necessary, at the U.S. Dollar Equivalent thereof) shall not exceed the Aggregate Canadian Commitments, and (ii) the aggregate Outstanding Amount of the Canadian Committed Loans of any Canadian Lender, plus such Canadian
Lender’s Pro Rata Share of the Outstanding Amount of all Canadian L/C Obligations, plus such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian Swing Line Loans plus such Canadian Lender’s
Bankers’ Acceptances (in each case, calculated, as necessary, at the U.S. Dollar Equivalent thereof) shall not exceed the Canadian Commitment of such Canadian Lender. Within the limits of the Canadian Commitment of each Canadian Lender,
and subject to the other terms and conditions hereof, each Canadian Borrower may borrow under this Section 3.01, prepay under Section 3.06, and reborrow under this Section 3.01. Canadian
Committed Loans may be Canadian Prime Rate Committed Loans, Canadian Base Rate Committed Loans, Canadian Dollar Eurodollar Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans, as further provided herein. 

3.02. Canadian Borrowings, Conversions and Continuations of Canadian Committed Loans. 

(a) Each Canadian Committed Borrowing, each conversion of Canadian Committed Loans from one Type to another, and each continuation of
Canadian Eurodollar Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans shall be made upon the applicable Canadian Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice
must 

  
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be received by the Administrative Agent not later than 11:00 a.m. (i) three Business Days prior to the requested date of any Canadian Borrowing of, conversion to or continuation of
Canadian Eurodollar Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans or of any conversion of Canadian Eurodollar Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans to Canadian Prime Rate Committed Loans or
Canadian Base Rate Committed Loans, and (ii) on the requested date of any Canadian Borrowing of Canadian Base Rate Committed Loans or Canadian Prime Rate Committed Loans. Each telephonic notice by the Canadian Borrower pursuant to this
Section 3.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Canadian Committed Borrowing Notice, appropriately completed and signed by a Responsible Officer of the applicable Canadian Borrower.
Each Canadian Borrowing of, conversion to or continuation of Canadian Eurodollar Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans shall be in a principal amount of $5,000,000 in the Applicable Currency or a whole multiple of
$1,000,000 of the Applicable Currency in excess thereof. Each Canadian Committed Borrowing Notice (whether telephonic or written) shall specify (i) whether the applicable Canadian Borrower is requesting a Canadian Committed Borrowing, a
conversion of Canadian Committed Loans from one Type to another, or a continuation of Canadian Eurodollar Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans, (ii) the requested date of the Canadian Borrowing, conversion or
continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Canadian Committed Loans to be borrowed, converted or continued, (iv) the Type of Canadian Committed Loans to be borrowed or to which existing
Canadian Committed Loans are to be converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the Canadian Borrower fails to specify a Type of Canadian Committed Loan in a Canadian Committed Borrowing Notice
or if the applicable Canadian Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Canadian Loans denominated in Canadian Dollars shall be made as, or converted to, Canadian Prime Rate Committed Loans
and the applicable Canadian Loans denominated in U.S. Dollars shall be made as, or converted to, Canadian Base Rate Committed Loans. Any such automatic conversion shall be effective as of the last day of the Interest Period then in effect with
respect to the applicable Canadian Eurodollar Rate Committed Loans or the applicable Canadian U.S. Eurodollar Rate Committed Loans. If a Canadian Borrower requests a Canadian Committed Borrowing of, conversion to, or continuation of Canadian
Eurodollar Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loan in any such Canadian Committed Borrowing Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. No
Canadian Committed Loan may be converted into or continued as a Canadian Committed Loan denominated in a different currency, but instead must be prepaid in the original currency of such Canadian Committed Loan and reborrowed in the other currency.

 (b) Following receipt of a Canadian Committed Borrowing Notice, the Administrative Agent shall promptly notify each Canadian
Lender of the amount of its Pro Rata Share of the applicable Canadian Committed Loans, and if no timely notice of a conversion or continuation is provided by the applicable Canadian Borrower, the Administrative Agent shall notify each Canadian
Lender of the details of any automatic conversion to Canadian Prime Rate Committed Loans or Canadian Base Rate Committed Loans described in the preceding subsection. In the case of a Canadian Committed Borrowing, each Canadian Lender shall make the
amount of its Canadian Committed Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Canadian Committed
Borrowing Notice. Upon satisfaction of the applicable conditions set forth in Section 6.02 (and, if such Canadian Borrowing is the initial Canadian Credit Extension, Section 6.01), the Administrative Agent shall
make all funds so received available to the applicable Canadian Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the applicable Canadian Borrower on the books of Bank of America, acting
through its Canadian Branch with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the applicable Canadian Borrower;
provided, however, that if, on the date the 

  
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Canadian Committed Borrowing Notice with respect to such Canadian Borrowing is given by the applicable Canadian Borrower, there are Canadian L/C Borrowings outstanding, then the proceeds of such
Canadian Borrowing, first, shall be applied, to the payment in full of any such Canadian L/C Borrowings, and second, shall be made available to the applicable Canadian Borrower as provided above. 

(c) Except as otherwise provided herein, a Canadian Eurodollar Rate Committed Loan or a Canadian U.S. Eurodollar Rate Committed Loan may
be continued or converted only on the last day of an Interest Period for such Committed Loan. During the existence of an Event of Default, no Loans may be requested as, converted to or continued as Canadian Eurodollar Rate Committed Loans or a
Canadian U.S. Eurodollar Rate Committed Loan without the consent of the Canadian Required Lenders. 
 (d) The Administrative
Agent shall promptly notify the Canadian Borrowers and the Canadian Lenders of the interest rate applicable to any Interest Period for a Canadian Eurodollar Rate Committed Loan or a Canadian U.S. Eurodollar Rate Committed Loan upon determination of
such interest rate. The determination of the Canadian Dollar Eurodollar Rate or U.S. Dollar Eurodollar Rate by the Administrative Agent shall be conclusive in the absence of manifest error. At any time that Canadian Prime Rate Loans or Canadian
Base Rate Committed Loans are outstanding, the Administrative Agent shall notify the Canadian Borrowers and the Canadian Lenders of any change in the prime rate or base rate used in determining the Canadian Prime Rate Loans or Canadian
U.S. Dollar Base Rate promptly following the public announcement of such change. 
 (e) After giving effect to all Canadian
Committed Borrowings, all conversions of Canadian Committed Loans from one Type to another, and all continuations of Canadian Committed Loans as the same Type, there shall not be more than ten Interest Periods in effect with respect to Canadian
Committed Loans for each Canadian Borrower. 
 (f) Except as otherwise provided herein, a Canadian Bankers’ Acceptance may
be rolled over or converted only on its maturity date. During the existence of a Default, no Canadian Borrowings may be requested as or converted to, and no Canadian Bankers’ Acceptances may be rolled over as new Canadian Bankers’
Acceptances without the consent of Canadian Required Lenders. 
 3.03. Canadian Bid Loans. 

(a) General. 
 Subject to the terms and conditions set forth herein, each Canadian Lender agrees that each Canadian Borrower may from time to time request the Canadian Lenders to submit offers to make loans in Canadian
Dollars (each such loan, a “Canadian Bid Loan”) for requested maturities of thirty (30) days or more to such requesting Canadian Borrower prior to the Maturity Date pursuant to this Section 3.03;
provided, however, that after giving effect to any Canadian Bid Borrowing, the Total Canadian Outstandings shall not exceed the Aggregate Canadian Commitments. There shall not be more than five different Interest Periods in effect with
respect to Canadian Bid Loans at any time. 
 (b) Requesting Canadian Competitive Bids. 

A Canadian Borrower may request the submission of Canadian Competitive Bids by delivering a Canadian Bid Request to the Administrative
Agent not later than 12:00 noon (i) one Business Day prior to the requested date of any Canadian Bid Borrowing that is to consist of Canadian Absolute Rate Loans, or (ii) four Business Days prior to the requested date of any Canadian Bid
Borrowing that is to consist of Canadian Eurodollar Margin Bid Loans. Each Canadian Bid Request shall specify (i) the requested date of the Canadian Bid Borrowing (which shall be a Business Day), (ii) the aggregate principal amount of

  
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Canadian Bid Loans requested (which must be C$5,000,000 or a whole multiple of C$1,000,000 in excess thereof), (iii) the Type of Canadian Bid Loans requested, and (iv) the duration of
the Interest Period with respect thereto, and shall be signed by a Responsible Officer of the applicable Canadian Borrower. No Canadian Bid Request shall contain a request for (i) more than one Type of Canadian Bid Loan or (ii) Canadian
Bid Loans having more than three different Interest Periods. Unless the Administrative Agent otherwise agrees in its sole and absolute discretion, a Canadian Borrower may not submit a Canadian Bid Request if it has submitted another Canadian Bid
Request within the prior five Business Days. 
 (c) Submitting Canadian Competitive Bids. 

(i) The Administrative Agent shall promptly notify each Canadian Lender of each Canadian Bid Request received by it from a
Canadian Borrower and the contents of such Canadian Bid Request. 
 (ii) Each Canadian Lender may (but shall have
no obligation to) submit a Canadian Competitive Bid containing an offer to make one or more Canadian Bid Loans in response to such Canadian Bid Request. Such Canadian Competitive Bid must be delivered to the Administrative Agent not later than
10:30 a.m. (A) on the requested date of any Canadian Bid Borrowing that is to consist of Canadian Absolute Rate Loans, and (B) three Business Days prior to the requested date of any Canadian Bid Borrowing that is to consist of
Canadian Eurodollar Margin Bid Loans; provided, however, that any Canadian Competitive Bid submitted by Bank of America in its capacity as a Canadian Lender in response to any Canadian Bid Request must be submitted to the
Administrative Agent not later than 10:15 a.m. on the date on which Canadian Competitive Bids are required to be delivered by the other Canadian Lenders in response to such Canadian Bid Request. Each Canadian Competitive Bid shall specify
(A) the proposed date of the Canadian Bid Borrowing; (B) the principal amount of each Canadian Bid Loan for which such Canadian Competitive Bid is being made, which principal amount (x) may be equal to, greater than or less than the
Canadian Commitment of the bidding Canadian Lender, (y) must be C$5,000,000 or a whole multiple of C$1,000,000 in excess thereof, and (z) may not exceed the principal amount of Canadian Bid Loans for which Canadian Competitive Bids were
requested; (C) if the proposed Canadian Bid Borrowing is to consist of Canadian Absolute Rate Loans, the Absolute Rate offered for each such Canadian Bid Loan and the Interest Period applicable thereto; (D) if the proposed Canadian Bid
Borrowing is to consist of Canadian Eurodollar Margin Bid Loans, the Canadian Eurodollar Bid Margin with respect to each such Canadian Eurodollar Margin Bid Loan and the Interest Period applicable thereto; and (E) the identity of the bidding
Canadian Lender. 
 (iii) Any Canadian Competitive Bid shall be disregarded if it (A) is received after the
applicable time specified in clause (ii) above, (B) is not substantially in the form of a Canadian Competitive Bid as specified herein, (C) contains qualifying, conditional or similar language, (D) proposes terms
other than or in addition to those set forth in the applicable Canadian Bid Request, or (E) is otherwise not responsive to such Canadian Bid Request. Any Canadian Lender may correct a Canadian Competitive Bid containing a manifest error by
submitting a corrected Canadian Competitive Bid (identified as such) not later than the applicable time required for submission of Canadian Competitive Bids. Any such submission of a corrected Canadian Competitive Bid shall constitute a revocation
of the Canadian Competitive Bid that contained the manifest error. The Administrative Agent may, but shall not be required to, notify any Canadian Lender of any manifest error it detects in such Canadian Lender’s Canadian Competitive Bid.

  
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 (iv) Subject only to the provisions of Sections 5.02,
5.03 and 6.02 and clause (iii) above, each Canadian Competitive Bid shall be irrevocable. 
 (d) Notice to Canadian Borrowers of Canadian Competitive Bids. Not later than 11:00 a.m. (i) on the requested date of any Canadian Bid Borrowing that is to consist of Canadian Absolute Rate
Loans, or (ii) three Business Days prior to the requested date of any Canadian Bid Borrowing that is to consist of Canadian Eurodollar Margin Bid Loans, the Administrative Agent shall notify the applicable Canadian Borrower of the identity of
each Canadian Lender that has submitted a Canadian Competitive Bid that complies with Section 3.03(c) and of the terms of the offers contained in each such Canadian Competitive Bid. 

(e) Acceptance of Canadian Competitive Bids. Not later than 11:30 a.m. (i) on the requested date of any Canadian Bid
Borrowing that is to consist of Canadian Absolute Rate Loans, and (ii) three Business Days prior to the requested date of any Canadian Bid Borrowing that is to consist of Canadian Eurodollar Margin Bid Loans, the applicable Canadian Borrower
shall notify the Administrative Agent of its acceptance or rejection of the offers notified to it pursuant to Section 3.03(d). The applicable Canadian Borrower shall be under no obligation to accept any Canadian Competitive Bid
and may choose to reject all Canadian Competitive Bids. In the case of acceptance, such notice shall specify the aggregate principal amount of Canadian Competitive Bids for each Interest Period that is accepted. The applicable Canadian Borrower may
accept any Canadian Competitive Bid in whole or in part; provided that: 
 (i) the aggregate principal
amount of each Canadian Bid Borrowing may not exceed the applicable amount set forth in the related Canadian Bid Request; 
 (ii) the principal amount of each Canadian Bid Loan must be C$5,000,000 or a whole multiple of C$1,000,000 in excess thereof; 

(iii) the acceptance of offers may be made only on the basis of ascending Absolute Rates or Canadian Eurodollar Bid
Margins within each Interest Period; and 
 (iv) the applicable Canadian Borrower may not accept any offer that
is described in Section 3.03(c)(iii) or that otherwise fails to comply with the requirements hereof. 
 (f)
Procedure for Identical Canadian Bids. If two or more Canadian Lenders have submitted Canadian Competitive Bids at the same Absolute Rate or Canadian Eurodollar Bid Margin, as the case may be, for the same Interest Period, and the result of
accepting all of such Canadian Competitive Bids in whole (together with any other Canadian Competitive Bids at lower Absolute Rates or Canadian Eurodollar Bid Margins, as the case may be, accepted for such Interest Period in conformity with the
requirements of Section 3.03(e)(iii)) would be to cause the aggregate outstanding principal amount of the applicable Canadian Bid Borrowing to exceed the amount specified therefor in the related Canadian Bid Request, then, unless
otherwise agreed by the applicable Canadian Borrower, the Administrative Agent and such Canadian Lenders, such Canadian Competitive Bids shall be accepted as nearly as possible in proportion to the amount offered by each such Canadian Lender in
respect of such Interest Period, with such accepted amounts being rounded to the nearest whole multiple of C$1,000,000. 
 (g)
Notice to Canadian Lenders of Acceptance or Rejection of Canadian Bids. The Administrative Agent shall promptly notify each Canadian Lender having submitted a Canadian Competitive Bid whether or not its offer has been accepted and, if its
offer has been accepted, of the amount of the Canadian Bid Loan or Canadian Bid Loans to be made by it on the date of the applicable Canadian Bid Borrowing. Any Canadian Competitive Bid or portion thereof that is not accepted by the applicable
Canadian Borrower by the applicable time specified in Section 3.03(e) shall be deemed rejected. 

  
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 (h) Notice of Canadian Dollar Eurodollar Rate. If any Canadian Bid Borrowing is to
consist of Canadian Eurodollar Margin Bid Loans, the Administrative Agent shall determine the Canadian Dollar Eurodollar Rate for the relevant Interest Period, and promptly after making such determination, shall notify the applicable Canadian
Borrower and the Canadian Lenders that will be participating in such Canadian Bid Borrowing of such Canadian Dollar Eurodollar Rate. 
 (i) Funding of Canadian Bid Loans. Each Canadian Lender that has received notice pursuant to Section 3.03(g) that all or a portion of its Canadian Competitive Bid has been
accepted by the applicable Canadian Borrower shall make the amount of its Canadian Bid Loan(s) available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the date of the
requested Canadian Bid Borrowing. Upon satisfaction of the applicable conditions set forth in Section 6.02, the Administrative Agent shall make all funds so received available to the applicable Canadian Borrower in like funds as
received by the Administrative Agent. 
 (j) Notice of Range of Canadian Bids. After each Canadian Competitive Bid auction
pursuant to this Section 3.03, the Administrative Agent shall notify each Canadian Lender that submitted a Canadian Competitive Bid in such auction of the ranges of bids submitted (without the bidder’s name) and accepted for
each Canadian Bid Loan and the aggregate amount of each Canadian Bid Borrowing. 
 3.04. Canadian Letters of Credit. 

(a) The Letter of Credit Commitment. 
 (i) Subject to the terms and conditions set forth herein, (A) each Canadian L/C Issuer agrees, in reliance upon the agreements of the Canadian Lenders set forth in this
Section 3.04 (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Canadian Letters of Credit denominated in Canadian Dollars or U.S. Dollars
for the account of the applicable Canadian Borrower, and to amend or renew Canadian Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor drawings under the Canadian Letters of Credit; and
(B) the Canadian Lenders severally agree to participate in Canadian Letters of Credit issued for the account of a Canadian Borrower and any drawings thereunder; provided that after giving effect to any Canadian L/C Credit Extension with
respect to any Letter of Credit, (w) the Total Canadian Outstandings shall not exceed the Aggregate Canadian Commitments, (x) the aggregate Outstanding Amount of the Canadian Committed Borrowings of any Canadian Lender, plus such
Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian L/C Obligations, plus such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian Swing Line Loans shall not exceed such Canadian
Lender’s Canadian Commitment, (y) the sum of the Outstanding Amount of the Canadian L/C Obligations plus the Outstanding Amount of the U.S. L/C Obligations shall not exceed the Letter of Credit Sublimit, and (z) the Outstanding
Amount of such L/C Issuer’s (and, if applicable, its U.S. Affiliate’s) L/C Obligations shall not exceed the L/C Issuer Global Commitment of such L/C Issuer unless such L/C Issuer agrees otherwise in writing with the Canadian Borrowers.
Each request by a Canadian Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by such Canadian Borrower that the Canadian L/C Credit Extension so requested complies with the conditions set forth in
the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, each Canadian Borrower’s ability to obtain Canadian Letters of Credit shall be fully revolving, and accordingly each Canadian
Borrower may, during the 

  
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foregoing period, obtain Canadian Letters of Credit to replace Canadian Letters of Credit that have expired or that have been drawn upon and reimbursed. All Existing Canadian Letters of Credit
shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof. 
 (ii) No Canadian L/C Issuer shall issue any Letter of Credit if the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the Canadian Lenders
have approved such expiry date. 
 (iii) No Canadian L/C Issuer shall be under any obligation to issue any Letter
of Credit if: 
 (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms
purport to enjoin or restrain such Canadian L/C Issuer from issuing such Letter of Credit, or any Law applicable to such Canadian L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with
jurisdiction over such Canadian L/C Issuer shall prohibit, or request that such Canadian L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such Canadian L/C Issuer with
respect to such Letter of Credit any restriction, reserve or capital requirement (for which such Canadian L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such Canadian L/C Issuer any
unreimbursed loss, cost or expense which was not applicable on the Closing Date and which such Canadian L/C Issuer in good faith deems material to it, unless the applicable Canadian Borrower confirms that it will pay the foregoing; 

(B) the issuance of such Letter of Credit would violate any Laws; 

(C) except as otherwise agreed by the Administrative Agent and such Canadian L/C Issuer, such Letter of Credit is in an
initial face amount less than C$10,000 or U.S. $10,000, as the case may be; 
 (D) such Letter of Credit is to be
denominated in a currency other than Canadian Dollars or U.S. Dollars; 
 (E) the issuance of such Letter of
Credit would violate one or more policies of such Canadian L/C Issuer applicable to the issuance of letters of credit generally and applied by such Canadian L/C Issuer to other similarly situated borrowers under similar credit facilities;
provided that (x) upon request of the applicable Canadian Borrower, such Canadian L/C Issuer shall provide such Canadian Borrower a reasonably detailed description of such policy and (y) such policy shall not be predicated on the
credit strength of the Loan Parties or the Lenders; or 
 (F) any Canadian Lender is at that time a Defaulting
Lender, unless such Canadian L/C Issuer has entered into arrangements, including the delivery of Cash Collateral, satisfactory to such Canadian L/C Issuer (in its reasonable discretion) with the Canadian Borrowers or such Canadian Lender to
eliminate such Canadian L/C Issuer’s actual or potential Fronting Exposure (after giving effect to Section 4.10(a)(iv)) with respect to the Defaulting Lender arising from either the Canadian Letter of Credit then proposed to
be issued or that Canadian Letter of Credit and all other Canadian L/C Obligations as to which such Canadian L/C Issuer has actual or potential Fronting Exposure, as it may elect in its reasonable discretion. 

  
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 (iv) No Canadian L/C Issuer shall amend any Letter of Credit if such
Canadian L/C Issuer would not be permitted at such time to issue such Letter of Credit in its amended form under the terms hereof. 
 (v) No Canadian L/C Issuer shall be under any obligation to amend any Letter of Credit if (A) such Canadian L/C Issuer would have no obligation at such time to issue such Letter of Credit in its
amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 
 (b) Procedures for Issuance and Amendment of Canadian Letters of Credit. 
 (i) Each Canadian Letter of Credit shall be issued or amended, as the case may be, upon the request of the applicable Canadian Borrower delivered to the applicable Canadian L/C Issuer (with a copy to the
Administrative Agent) in the form of a Canadian Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the applicable Canadian Borrower. Such Canadian Letter of Credit Application may be sent by facsimile, by
Canadian or United States mail, by overnight courier, by electronic transmission using the system provided by such Canadian L/C Issuer, by personal delivery or by any other means acceptable to such Canadian L/C Issuer. Such Canadian Letter of Credit
Application must be received by such Canadian L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least three Business Days (or such later date and time as the Administrative Agent and such Canadian L/C Issuer may agree in a
particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Canadian Letter of Credit, such Canadian Letter of Credit Application
shall specify in form and detail satisfactory to such Canadian L/C Issuer: (A) the proposed issuance date of the requested Canadian Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof;
(D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any
drawing thereunder; and (G) such other matters as such Canadian L/C Issuer may reasonably require. In the case of a request for an amendment of any outstanding Canadian Letter of Credit, such Canadian Letter of Credit Application shall specify
in form and detail satisfactory to such Canadian L/C Issuer (A) the Canadian Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and
(D) such other matters as such Canadian L/C Issuer may require. Additionally, the applicable Canadian Borrower shall furnish to such Canadian L/C Issuer and the Administrative Agent such other documents and information pertaining to such
requested Letter of Credit issuance or amendment, including any Issuer Documents, as such Canadian L/C Issuer or the Administrative Agent may reasonably require. 

(ii) Promptly after receipt of any Canadian Letter of Credit Application, the applicable Canadian L/C Issuer will confirm
with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Canadian Letter of Credit Application from the applicable Canadian Borrower and, if not, such Canadian L/C Issuer will provide the
Administrative Agent with a copy thereof. Unless such Canadian L/C Issuer has received written notice from any Canadian Lender, the Administrative Agent or any Loan Party, at least one Business Day prior to the requested date of issuance or
amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Article 6 shall not then be 

  
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satisfied, then, subject to the terms and conditions hereof, such Canadian L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the applicable Canadian Borrower or
enter into the applicable amendment, as the case may be, in each case in accordance with such Canadian L/C Issuer’s usual and customary business practices. Immediately upon the issuance of each Canadian Letter of Credit, each Canadian Lender
shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Canadian L/C Issuer a risk participation in such Canadian Letter of Credit in an amount equal to the product of such Canadian Lender’s Pro Rata Share
times the amount of such Canadian Letter of Credit. 
 (iii) Promptly after its delivery of any Canadian
Letter of Credit or any amendment to a Canadian Letter of Credit to an advising bank with respect thereto or to the beneficiary thereof, the applicable Canadian L/C Issuer will also deliver to the applicable Canadian Borrower and the Administrative
Agent a true and complete copy of such Canadian Letter of Credit or amendment. 
 (c) Drawings and Reimbursements; Funding of
Participations. 
 (i) Upon receipt from the beneficiary of any Canadian Letter of Credit of any notice of a
drawing under such Letter of Credit, the applicable Canadian L/C Issuer shall notify the applicable Canadian Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by such Canadian L/C Issuer under a
Letter of Credit (each such date, a “Canadian Honor Date”), the applicable Canadian Borrower shall reimburse such Canadian L/C Issuer in an amount equal to the amount of such drawing whether by way of Canadian Prime Rate
Committed Loans or Canadian Base Rate Committed Loans or otherwise. If the applicable Canadian Borrower fails so to reimburse such Canadian L/C Issuer by such time, the Administrative Agent shall promptly notify each Canadian Lender of the Canadian
Honor Date, the amount of the unreimbursed drawing (the “Canadian Unreimbursed Amount”), and the amount of such Canadian Lender’s Pro Rata Share thereof. In such event, the applicable Canadian Borrower shall be deemed to
have requested a Canadian Committed Borrowing of Canadian Prime Rate Committed Loans or Canadian Base Rate Committed Loans, if applicable, to be disbursed on the Canadian Honor Date in an amount equal to the Canadian Unreimbursed Amount, without
regard to the minimum and multiples specified in Section 3.02 for the principal amount of Canadian Prime Rate Committed Loans or Canadian Base Rate Committed Loans, but subject to the amount of the unutilized portion of the
Aggregate Canadian Commitments and whether or not the conditions set forth in Section 6.02 are satisfied, provided that no Event of Default under Sections 10.01(h)(i) or 10.01(h)(ii) has occurred
and is continuing. Any notice given by such Canadian L/C Issuer or the Administrative Agent pursuant to this Section 3.04(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such
an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 
 (ii) Each
Canadian Lender (including the Canadian Lender acting as the applicable Canadian L/C Issuer) shall upon any notice pursuant to Section 3.04(c)(i) make funds available to the Administrative Agent for the account of such Canadian
L/C Issuer at the Administrative Agent’s Office in an amount equal to its Pro Rata Share of the Canadian Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject
to the provisions of Section 3.04(c)(iii), each Canadian Lender that so makes funds available shall be deemed to have made a Canadian Loan in the form of a Canadian Prime Rate Committed Loan or Canadian Base Rate Committed Loans,
to the applicable Canadian Borrower in such amount. The Administrative Agent shall remit the funds so received to such Canadian L/C Issuer. 

  
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 (iii) With respect to any Canadian Unreimbursed Amount that is not fully
refinanced by Canadian Prime Rate Committed Loans or Canadian Base Rate Committed Loans for any reason, the applicable Canadian Borrower shall be deemed to have incurred from such Canadian L/C Issuer a Canadian L/C Borrowing in the amount of the
Canadian Unreimbursed Amount that is not so refinanced, which Canadian L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at a rate per annum equal to (i) for the first three (3) Business Days
after the date of such Canadian L/C Borrowing, the Canadian Prime Rate or the Canadian U.S. Dollar Base Rate, as applicable, and (ii) thereafter such rate plus two percent (2%). In such event, each Canadian Lender’s payment to the
Administrative Agent for the account of such Canadian L/C Issuer pursuant to Section 3.04(c)(ii) shall be deemed payment in respect of its participation in such Canadian L/C Borrowing and shall constitute a Canadian L/C Advance
from such Canadian Lender in satisfaction of its participation obligation under this Section 3.04. 
 (iv) Until each Canadian Lender funds its Canadian Committed Loan or Canadian L/C Advance pursuant to this Section 3.04(c) to reimburse such Canadian L/C Issuer for any amount drawn
under any Letter of Credit, interest in respect of such Canadian Lender’s Pro Rata Share of such amount shall be solely for the account of such Canadian L/C Issuer. 

(v) Each Canadian Lender’s obligation to make Canadian Committed Loans or Canadian L/C Advances to reimburse such
Canadian L/C Issuer for amounts drawn under Canadian Letters of Credit, as contemplated by this Section 3.04(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any set-off,
counterclaim, recoupment, defense or other right which such Canadian Lender may have against such Canadian L/C Issuer, the applicable Canadian Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a
Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing. No such making of a Canadian L/C Advance shall relieve or otherwise impair the obligation of the applicable Canadian Borrower to reimburse
such Canadian L/C Issuer for the amount of any payment made by such Canadian L/C Issuer under any Letter of Credit, together with interest as provided herein. 
 (vi) If any Canadian Lender fails to make available to the Administrative Agent for the account of such Canadian L/C Issuer any amount required to be paid by such Canadian Lender pursuant to the foregoing
provisions of this Section 3.04(c) by the time specified in Section 3.04(c), then, without limiting the other provisions of this Agreement, such Canadian L/C Issuer shall be entitled to recover from such
Canadian Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to such Canadian L/C Issuer at a
rate per annum equal to the greater of the Canadian Prime Rate or the Canadian U.S. Dollar Base Rate, as applicable, from time to time in effect and a rate determined by such Canadian L/C Issuer in accordance with banking industry rules on
interbank compensation, plus any administrative, processing or similar fees customarily charged by such Canadian L/C Issuer in connection with the foregoing. If such Canadian Lender pays such amount (with interest and fees as aforesaid), the amount
so paid (excluding, for the avoidance of doubt, the aforesaid interest and fees) shall constitute such Canadian Lender’s Canadian Committed Loan included in the relevant Canadian Committed Borrowing or Canadian L/C Advance in respect of the
relevant Canadian L/C Borrowing, as the case may be. A certificate of such Canadian L/C Issuer submitted to any Canadian Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be
conclusive absent manifest error. 

  
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 (d) Repayment of Participations. 

(i) At any time after a Canadian L/C Issuer has made a payment under any Letter of Credit and has received from any
Canadian Lender such Canadian Lender’s Canadian L/C Advance in respect of such payment in accordance with Section 3.04(c), if the Administrative Agent receives for the account of such Canadian L/C Issuer any payment in
respect of the related Canadian Unreimbursed Amount or interest thereon (whether directly from the applicable Canadian Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative
Agent will distribute to such Canadian Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Canadian Lender’s Canadian L/C Advance was outstanding) in the
same funds as those received by the Administrative Agent. 
 (ii) If any payment received by the Administrative
Agent for the account of any Canadian L/C Issuer pursuant to Section 3.04(c)(i) is required to be returned under any of the circumstances described in Section 12.08 (including pursuant to any settlement entered
into by such Canadian L/C Issuer in its discretion), each Canadian Lender shall pay to the Administrative Agent for the account of such Canadian L/C Issuer its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from
the date of such demand to the date such amount is returned by such Canadian Lender, at a rate per annum equal to the Canadian Prime Rate or Canadian U.S. Dollar Base Rate, as applicable, from time to time in effect. The obligations of the
Canadian Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. 

(e) Obligations Absolute. The obligation of the applicable Canadian Borrower to reimburse a Canadian L/C Issuer for each drawing
under each Letter of Credit and to repay each Canadian L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following:

 (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan
Document; 
 (ii) the existence of any claim, counterclaim, set-off, defense or other right that the applicable
Canadian Borrower or any Subsidiary may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), such Canadian L/C Issuer or any other
Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

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

(v) any payment made by such Canadian L/C Issuer in respect of an otherwise complying item presented after the date
specified as the expiration date of, or the date by which 

  
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documents must be received under such Letter of Credit if presentation after such date is authorized by the UCC, the ISP or the UCP, as applicable to the extent the UCC, the ISP or the UCP
applies to such Letter of Credit and the applicable provision in the UCC, the ISP or the UCP that would otherwise permit such presentation was not overridden by the terms of such Letter of Credit; 

(vi) any payment by such Canadian L/C Issuer under such Letter of Credit against presentation of a draft or certificate
that does not strictly comply with the terms of such Letter of Credit; or any payment made by such Canadian L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit
of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or 

(vii) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other
circumstance that might otherwise constitute a defense available to, or a discharge of, any Canadian Borrower or any Subsidiary. 
 The applicable Canadian Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with such
Canadian Borrower’s instructions or other irregularity, the applicable Canadian Borrower will promptly notify such Canadian L/C Issuer. Such Canadian Borrower shall be conclusively deemed to have waived any such claim against the Canadian L/C
Issuer and its correspondents unless such notice is given as aforesaid. 
 (f) Role of Canadian L/C Issuer. Each Canadian
Lender and each Canadian Borrower agree that, in paying any drawing under a Letter of Credit, no Canadian L/C Issuer shall have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by
the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. None of the Canadian L/C Issuers, the Administrative Agent, any of their
Related Parties nor any of the respective correspondents, participants or assignees of any Canadian L/C Issuer shall be liable to any Canadian Lender for (i) any action taken or omitted in connection herewith at the request or with the approval
of the Canadian Lenders or the Canadian Required Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of
any document or instrument related to any Letter of Credit or Letter of Credit Application. Each Canadian Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit;
provided, however, that this assumption is not intended to, and shall not, preclude such Canadian Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other
agreement. None of the Canadian L/C Issuers, any Agent-Related Person, nor any of the respective correspondents, participants or assignees of any Canadian L/C Issuer, shall be liable or responsible for any of the matters described in clauses
(i) through (vii) of Section 3.04(e); provided, however, that anything in such clauses to the contrary notwithstanding, the applicable Canadian Borrower may have a claim against a
Canadian L/C Issuer, and such Canadian L/C Issuer may be liable to such Canadian Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the applicable Canadian Borrower which
such Canadian Borrower proves were caused by such Canadian L/C Issuer’s willful misconduct or gross negligence or such Canadian L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary
of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, such Canadian L/C Issuer may accept documents that appear on their face to be in
order, without responsibility for further 

  
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investigation, and such Canadian L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of
Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. A Canadian L/C Issuer may send a Canadian Letter of Credit or conduct any communication to or from the
beneficiary via SWIFT message or overnight courier, or any other commercially reasonable means of communicating with a beneficiary. 
 (g) Cash Collateral. Upon the request of the Administrative Agent or, in the case of the succeeding clause (ii), any Canadian L/C Issuer (with a copy to the Administrative Agent)
(i) if a Canadian L/C Issuer has honored any full or partial drawing request under any Canadian Letter of Credit and such drawing has resulted in a Canadian L/C Borrowing, or (ii) if, as of the Letter of Credit Expiration Date, any
Canadian Letter of Credit for any reason remains outstanding and partially or wholly undrawn, the applicable Canadian Borrower shall immediately Cash Collateralize the then Outstanding Amount of all Canadian L/C Obligations in an amount equal to one
hundred percent (100%) of such Outstanding Amount determined as of the date of such Canadian L/C Borrowing or the Letter of Credit Expiration Date, as the case may be. Sections 2.04, 2.06, 3.06,
4.10 and 10.02(c) set forth certain additional requirements to deliver Cash Collateral hereunder. Each Canadian Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to the
Administrative Agent, for the benefit of the Canadian L/C Issuers and the Lenders, a first priority security interest in all such cash, deposit accounts and all balances therein and in all other property so provided as collateral pursuant to this
Agreement, and in all proceeds of the foregoing, all as security for the obligations to which Cash Collateral may be applied. Cash Collateral shall be maintained in blocked deposit accounts held by the Administrative Agent. 

If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the
Administrative Agent as herein provided which has priority over the Administrative Agent’s claim, the applicable Canadian Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional
Cash Collateral in an amount sufficient to eliminate such deficiency. 
 Notwithstanding anything to the contrary contained in
this Agreement, Cash Collateral provided under this Agreement in respect of Canadian Letters of Credit or Canadian Swing Line Loans shall be held and applied to the satisfaction of the specific Canadian L/C Obligations, Canadian Swing Line Loans,
obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other
application of such property as may be provided for herein. 
 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 payment in full of all other obligations giving rise thereto (including, if applicable, by the
termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance with Section 12.09(b)(vi))); or (ii) the Administrative Agent’s determination that there exists
excess Cash Collateral; provided, however, that Cash Collateral furnished by or on behalf of a Loan Party shall not be released during the continuance of a Default or Event of Default (and following application as provided in this
Section 3.04 or Section 4.10 or as may be otherwise applied in accordance with Section 10.03). 
 (h) Applicability of ISP98 and UCP. Unless otherwise expressly agreed by the applicable Canadian L/C Issuer and the applicable Canadian Borrower when a Letter of Credit is issued (including any
such agreement applicable to an Existing Canadian 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

  
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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. Notwithstanding the foregoing, no
Canadian L/C Issuer shall be responsible to the applicable Canadian Borrower for, and such Canadian L/C Issuer’s rights and remedies against such Canadian Borrower shall not be impaired by, any action or inaction of such Canadian L/C Issuer
required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where such Canadian L/C Issuer or the beneficiary is
located, the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade—International Financial
Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, to the extent such law or practice is applicable to such Canadian Letter of Credit. 

(i) Letter of Credit Fees. The applicable Canadian Borrower shall pay to the Administrative Agent for the account of each Canadian
Lender in accordance, subject to Section 4.10 with its Pro Rata Share a Letter of Credit fee (the “Canadian Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the
daily maximum amount available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit). Canadian Letter of Credit Fees shall be (i) computed on a quarterly basis in arrears and
(ii) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and
thereafter on demand. If there is any change in the Applicable Rate during any quarter, the daily maximum amount of each standby Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter
that such Applicable Rate was in effect. 
 (j) Fronting Fee and Documentary and Processing Charges Payable to Canadian L/C
Issuer. The applicable Canadian Borrower shall pay directly to the applicable Canadian L/C Issuer for its own account a fronting fee with respect to each Letter of Credit at the rate per annum specified in the applicable Fee Letter, payable on
the actual daily maximum amount available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit). Such fronting fee shall be computed on a quarterly basis in arrears. Such fronting
fee shall be due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and
thereafter on demand. In addition, the applicable Canadian Borrower shall pay directly to such Canadian L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges,
of such Canadian L/C Issuer relating to letters of credit as agreed to by the Canadian Borrowers and the applicable Canadian L/C Issuer. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

 (k) Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer
Document, the terms hereof shall control. 
 (l) Designation of Subsidiaries as Account Parties. Notwithstanding anything
to the contrary set forth in this Agreement, including without limitation Section 3.04(a), a Canadian Letter of Credit issued hereunder shall, upon the request of either Canadian Borrower, be issued for the account of any
Subsidiary of such Canadian Borrower, provided that notwithstanding such request, the applicable Canadian Borrower shall be the actual account party for all purposes of this Agreement for such Canadian Letter of Credit and such request shall
not affect the applicable Canadian Borrower’s reimbursement obligations hereunder with respect to such Canadian Letter of Credit. 

  
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 (m) Canadian L/C Issuer Reports to the Administrative Agent. Unless otherwise agreed
by the Administrative Agent, each Canadian L/C Issuer shall, in addition to its notification obligations set forth elsewhere in this Section, report in writing to the Administrative Agent (i) periodic activity (for such period or recurrent
periods as shall be requested by the Administrative Agent) in respect of Canadian Letters of Credit issued by such Canadian L/C Issuer, including issuances, extensions, amendments and renewals, expirations and cancelations and disbursements and
reimbursements, (ii) at least one Business Day prior to the time that such Canadian L/C Issuer issues, amends, renews or extends a Canadian Letter of Credit, the date of such issuance, amendment, renewal or extension, and the stated amount of
the applicable Canadian Letters of Credit after giving effect to such issuance, amendment, renewal or extension (and whether the amounts thereof shall have changed), (iii) on each Business Day on which such Canadian L/C Issuer makes a payment
pursuant to a Canadian Letter of Credit, the date and amount of such payment, (iv) on any Business Day on which a Canadian Borrower fails to reimburse a payment made pursuant to a Canadian Letter of Credit required to be reimbursed to such
Canadian L/C Issuer on such day, the date of such failure and the amount of such payment and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Canadian Letters of Credit issued
by such Canadian L/C Issuer. 
 3.05. Canadian Swing Line Loans. 

(a) The Canadian Swing Line. Subject to the terms and conditions set forth herein, the Canadian Swing Line Lender in reliance upon
the agreements of the Canadian Lenders set forth in this Section 3.05, agrees to make loans in Canadian Dollars or U.S. Dollars (each such loan, a “Canadian Swing Line Loan”) to each Canadian Borrower from
time to time on any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of the Canadian Swing Line Sublimit, notwithstanding the fact that such Canadian Swing Line Loans, when
aggregated with the Pro Rata Share of the Outstanding Amount of Canadian Committed Borrowings and Canadian L/C Obligations of the Canadian Lender acting as Canadian Swing Line Lender, may exceed the amount of such Canadian Lender’s Canadian
Commitment; provided, however, that (x) after giving effect to any Canadian Swing Line Loan, (i) the Total Canadian Outstandings shall not exceed the Aggregate Canadian Commitments, (ii) the aggregate Outstanding Amount
of the Canadian Committed Loans of any Canadian Lender, plus such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian L/C Obligations, plus such Canadian Lender’s Pro Rata Share of the Outstanding
Amount of all Canadian Swing Line Loans plus such Canadian Lender’s Bankers’ Acceptances shall not exceed such Canadian Lender’s Canadian Commitment, and (iii) the aggregate Outstanding Amount of Canadian Swing Line Loans
plus the aggregate Outstanding Amount of U.S. Swing Line Loans shall not exceed $50,000,000, (y) that the applicable Canadian Borrower shall not use the proceeds of any Canadian Swing Line Loan to refinance any outstanding Canadian Swing
Line Loan and (z) the Canadian Swing Line Lender shall not be obligated to make any Canadian Swing Line Loan if it shall determine (after giving effect to Section 4.10(a)(iv)) that it has, or by such Credit Extension may have, Fronting
Exposure. Within the foregoing limits, and subject to any other terms and conditions hereof, the applicable Canadian Borrower may borrow under this Section 3.05, prepay under Section 3.06, and reborrow under
this Section 3.05(a). Immediately upon the making of a Canadian Swing Line Loan, each Canadian Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Canadian Swing Line Lender a risk
participation in such Canadian Swing Line Loan in an amount equal to the product of such Canadian Lender’s Pro Rata Share times the amount of such Canadian Swing Line Loan. 

(b) Canadian Borrowing Procedures. Each Canadian Swing Line Borrowing shall be made upon the applicable Canadian Borrower’s
irrevocable notice to the Canadian Swing Line Lender and the Administrative Agent, which may be given by telephone. Each such notice must be received by the Canadian Swing Line Lender and the Administrative Agent not later than 3:00 p.m. on the
requested borrowing date, and shall specify (i) the amount to be borrowed, which may be in Canadian Dollars or in 

  
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U.S. Dollars and shall be a minimum of $1,000,000 of such currency, and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed
promptly by delivery to the Canadian Swing Line Lender and the Administrative Agent of a written Canadian Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the applicable Canadian Borrower. Promptly after receipt
by the Canadian Swing Line Lender of any telephonic Canadian Swing Line Loan Notice, the Canadian Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Canadian
Swing Line Loan Notice and, if not, the Canadian Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Canadian Swing Line Lender has received notice (by telephone or in writing) from
the Administrative Agent (including at the request of any Canadian Lender) prior to 1:00 p.m. for Canadian Swing Line Borrowings made in U.S. Dollars and 3:00 p.m. for Canadian Swing Line Borrowings made in Canadian Dollars, in each case on the date
of the proposed Canadian Swing Line Borrowing (A) directing the Canadian Swing Line Lender not to make such Canadian Swing Line Loan as a result of the limitations set forth in the proviso to the first sentence of
Section 3.05(a), or (B) that one or more of the applicable conditions specified in Article 6 is not then satisfied, then, subject to the terms and conditions hereof, the Canadian Swing Line Lender will, not
later than 5:00 p.m. on the borrowing date specified in such Canadian Swing Line Loan Notice, make the amount of its Canadian Swing Line Loan available to the applicable Canadian Borrower at its office either by (i) crediting the account of
such Canadian Borrower on the books of the Canadian Swing Line Lender in immediately available funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative
Agent by the applicable Canadian Borrower. 
 (c) Refinancing of Canadian Swing Line Loans. 

(i) The Canadian Swing Line Lender at any time in its sole and absolute discretion may request, on behalf of the
applicable Canadian Borrower (which hereby irrevocably authorizes the Canadian Swing Line Lender to so request on its behalf), that each Canadian Lender make a Canadian Prime Rate Committed Loan or a Canadian Base Rate Committed Loan, as applicable,
in an amount equal to such Canadian Lender’s Pro Rata Share of the amount of Canadian Swing Line Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Canadian Committed Borrowing Notice
for purposes hereof) and in accordance with the requirements of Section 3.02, without regard to the minimum and multiples specified therein for the principal amount of Canadian Prime Rate Committed Loans or Canadian Base Rate
Committed Loans, but subject to the unutilized portion of the Aggregate Canadian Commitments and the conditions set forth in Section 6.02. The Canadian Swing Line Lender shall furnish the applicable Canadian Borrower with a copy
of the applicable Canadian Committed Borrowing Notice promptly after delivering such notice to the Administrative Agent. Each Canadian Lender shall make an amount equal to its Pro Rata Share of the amount specified in such Canadian Committed
Borrowing Notice available to the Administrative Agent in immediately available funds (and the Administrative Agent may apply Cash Collateral available with respect to the applicable Canadian Swing Line Loan) for the account of the Canadian Swing
Line Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such Canadian Committed Borrowing Notice, whereupon, subject to Section 3.05(c)(ii), each Canadian Lender that so makes funds
available shall be deemed to have made a Canadian Prime Rate Committed Loan or Canadian Base Rate Committed Loan, as applicable, to the applicable Canadian Borrower in such amount. The Administrative Agent shall remit the funds so received to the
Canadian Swing Line Lender. 
 (ii) If for any reason any Canadian Swing Line Loan cannot be refinanced by such a
Canadian Committed Borrowing in accordance with Section 3.05(c)(i), the request for Canadian Prime Rate Committed Loans or Canadian Base Rate Committed Loans, as applicable, submitted 

  
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 by the Canadian Swing Line Lender as set forth herein shall be deemed to be
a request by the Canadian Swing Line Lender that each of the Canadian Lenders fund its risk participation in the relevant Canadian Swing Line Loan and each Canadian Lender’s payment to the Administrative Agent for the account of the Canadian
Swing Line Lender pursuant to Section 3.05(c)(i) shall be deemed payment in respect of such participation. 
 (iii) If any Canadian Lender fails to make available to the Administrative Agent for the account of the Canadian Swing Line Lender any amount required to be paid by such Canadian Lender pursuant to the
foregoing provisions of this Section 3.05(c) by the time specified in Section 3.05(c)(i), the Canadian Swing Line Lender shall be entitled to recover from such Canadian Lender (acting through the Administrative
Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Canadian Swing Line Lender at a rate per annum equal to the greatest of the
(i) Canadian Prime Rate (ii) Canadian U.S. Dollar Base Rate, and (iii) a rate determined by the Canadian Swing Line Lender in accordance with banking industry rules on interbank compensation, plus any administrative, processing
or similar fees customarily charged by the Canadian Swing Line Lender in connection with the foregoing. If such Canadian Lender pays such amount (with interest and fees as aforesaid), the amount so paid (excluding, for the avoidance of doubt, the
aforesaid interest and fees) shall constitute such Canadian Lender’s Canadian Committed Loan included in the relevant Canadian Committed Borrowing or funded participation in the relevant Canadian Swing Line Loan, as the case may be. A
certificate of the Canadian Swing Line Lender submitted to any Canadian Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error. 

(iv) Each Canadian Lender’s obligation to make Canadian Committed Loans or to purchase and fund risk participations
in Canadian Swing Line Loans pursuant to this Section 3.05(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any set-off, counterclaim, recoupment, defense or other right
which such Canadian Lender may have against the Canadian Swing Line Lender, the applicable Canadian Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event
or condition, whether or not similar to any of the foregoing; provided, however, that each Canadian Lender’s obligation to make Canadian Committed Loans pursuant to this Section 3.05(c) is subject to the
conditions set forth in Section 6.02. No such funding of risk participations shall relieve or otherwise impair the obligation of the applicable Canadian Borrower to repay Canadian Swing Line Loans, together with interest as
provided herein. 
  

	(d)	Repayment of Participations. 

 (i) At any time after any Canadian Lender has purchased and funded a risk participation in a Canadian Swing Line Loan, if the Canadian Swing Line Lender receives any payment on account of such Canadian
Swing Line Loan, the Canadian Swing Line Lender will distribute to such Canadian Lender its Pro Rata Share of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Canadian
Lender’s risk participation was funded) in the same funds as those received by the Canadian Swing Line Lender. 
 (ii) If any payment received by the Canadian Swing Line Lender in respect of principal or interest on any Canadian Swing Line Loan is required to be returned by the Canadian Swing Line Lender under any of
the circumstances described in Section 12.08 (including 

  
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pursuant to any settlement entered into by the Canadian Swing Line Lender in its discretion), each Canadian Lender shall pay to the Canadian Swing Line Lender its Pro Rata Share thereof on demand
of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the Canadian Prime Rate or Canadian U.S. Dollar Base Rate, as applicable. The Administrative Agent
will make such demand upon the request of the Canadian Swing Line Lender. The obligations of the Canadian Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. 

(e) Interest for Account of Canadian Swing Line Lender. The Canadian Swing Line Lender shall be responsible for invoicing the
applicable Canadian Borrower for interest on the Canadian Swing Line Loans. Until each Canadian Lender funds its Canadian Prime Rate Committed Loan, its Canadian Base Rate Committed Loan or its risk participation pursuant to this
Section 3.05 to refinance such Canadian Lender’s Pro Rata Share of any Canadian Swing Line Loan, interest in respect of such Pro Rata Share shall be solely for the account of the Canadian Swing Line Lender. 

(f) Payments Directly to Canadian Swing Line Lender. The applicable Canadian Borrower shall make all payments of principal and
interest in respect of the Canadian Swing Line Loans directly to the Canadian Swing Line Lender. 
 3.06. Prepayments.

 (a) Each Canadian Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay
Canadian Committed Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of
prepayment of Canadian Eurodollar Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans and (B) on the date of prepayment of Canadian Prime Rate Committed Loans and Canadian Base Rate Committed Loans, (ii) any prepayment of
Canadian Eurodollar Rate Committed Loans shall be in a principal amount of C$5,000,000 or a whole multiple of C$1,000,000 in excess thereof; (ii) any prepayment of Canadian U.S. Eurodollar Rate Committed Loans shall be in a principal amount of
U.S. $5,000,000 or a whole multiple of U.S. $1,000,000 in excess thereof; (iii) any prepayment of Canadian Prime Rate Committed Loans shall be in a principal amount of C$1,000,000 or a whole multiple of C$100,000 in excess thereof; and
(iv) any prepayment of Canadian Base Rate Committed Loans shall be in a principal amount of U.S. $1,000,000 or a whole multiple of U.S. $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding.
Each such notice shall specify the date and amount of such prepayment and the Type(s) of Canadian Committed Loans to be prepaid. The Administrative Agent will promptly notify each Canadian Lender of its receipt of each such notice, and of the amount
of such Canadian Lender’s Pro Rata Share of such prepayment. If such notice is given by a Canadian Borrower, such Canadian Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date
specified therein. Any prepayment of a Canadian Dollar Eurodollar Rate Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 5.05. Each such prepayment shall
be applied to the Canadian Committed Loans of the Canadian Lenders in accordance with their respective Pro Rata Shares. 
 (b) No
Canadian Bid Loan may be prepaid without the prior consent of the applicable Canadian Bid Loan Lender. 
 (c) Each Canadian
Borrower may, upon notice to the Canadian Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Canadian Swing Line Loans in whole or in part without premium or penalty; provided
that (i) such notice must be received by the Canadian Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of 

  
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the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of C $1,000,000 or U.S. $1,000,000, as applicable. Each such notice shall specify the date and amount of
such prepayment. If such notice is given by a Canadian Borrower, such Canadian Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. 

(d) If for any reason the Total Canadian Outstandings at any time exceed the Aggregate Canadian Commitments then in effect, each Canadian
Borrower shall immediately prepay Loans and/or Cash Collateralize the Canadian L/C Obligations in an aggregate amount equal to such excess (on a proportionate basis having regard to the Loans and Canadian L/C Obligations of each Canadian Borrower);
provided, however, that the Canadian Borrowers shall not be required to Cash Collateralize the Canadian L/C Obligations pursuant to this Section 3.06(d) unless after the prepayment in full of the Canadian Committed
Loans and Canadian Swing Line Loans the Total Canadian Outstandings exceed the Aggregate Canadian Commitments then in effect. 

3.07. Repayment of Canadian Loans. 
 (a) Each Canadian Borrower shall repay to each Canadian Lender on the Maturity Date the aggregate principal amount of its Canadian Committed Loans and all other Canadian Obligations owing to such Lender
outstanding on such date. 
 (b) The applicable Canadian Borrower shall repay each Canadian Swing Line Loan on the earlier to
occur of (i) the date ten Business Days after such Canadian Loan is made and (ii) the Maturity Date. 
 (c) The
applicable Canadian Borrower shall repay each Canadian Bid Loan made to it on the last day of the Interest Period in respect thereof. 
 3.08. Bankers’ Acceptances. 
 (a) Creation of Bankers’
Acceptances. Upon receipt of a Canadian Committed Borrowing Notice requesting purchase or acceptance of Bankers’ Acceptances, and subject to the provisions of this Agreement, each Canadian Lender shall accept, in accordance with its Pro
Rata Share of the requested Canadian Committed Borrowing from time to time such Bankers’ Acceptances as the applicable Canadian Borrower shall request. 
 (b) Terms of Acceptance by the Canadian Lenders. 
 (i)
Delivery and Payment. Subject to Sections 3.08(c) and 3.08(d) and only if a valid appointment pursuant to Section 3.08(b)(v) is not in place, the Canadian Borrowers shall pre-sign and
deliver to each Canadian Lender bankers’ acceptance drafts in sufficient quantity to meet the their requirements for anticipated Canadian Committed Borrowings by way of Bankers’ Acceptances. Each Canadian Borrower shall, at its option,
provide for payment to Administrative Agent for the benefit of Canadian Lenders of each Bankers’ Acceptance on the date on which a Bankers’ Acceptance matures, either by payment of the full face amount thereof or through utilization of a
conversion to another Type of Canadian Committed Borrowing in accordance with this Agreement, or through a combination thereof. Each Canadian Borrower waives presentment for payment of Bankers’ Acceptances by Canadian Lenders and shall not
claim from Canadian Lenders any days of grace for the payment at maturity of Bankers’ Acceptances. Any amount owing by a Canadian Borrower in respect of any Bankers’ Acceptance which is not paid in accordance with the foregoing, shall, as
and from the date on which such Bankers’ Acceptance matures, be deemed to be outstanding hereunder as a Canadian Prime Rate Loan owing by such Canadian Borrower. 

  
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 (ii) No Liability. Administrative Agent and Canadian Lenders shall
not be liable for any damage, loss or improper use of any bankers’ acceptance draft endorsed in blank except for any loss arising by reason of Administrative Agent or a Canadian Lender failing to use the same standard of care in the custody of
such bankers’ acceptance drafts as Administrative Agent or such Canadian Lender use in the custody of their own property of a similar nature. 
 (iii) Bankers’ Acceptances Purchased by Canadian Lenders. Where a Canadian Borrower so elects in the Canadian Committed Borrowing Notice, each Canadian Lender shall purchase Bankers’
Acceptances accepted by it for an amount equal to the Canadian Discount Proceeds. 
 (iv) Marketing. Where
a Canadian Borrower so elects in the Canadian Committed Borrowing Notice, it shall be responsible for, and shall make its own arrangements with respect to, the marketing of Bankers’ Acceptances, except for (A) Bankers’ Acceptances
that are BA Equivalent Advances in which case they will be dealt with in accordance with Section 3.08(f) or (B) Bankers’ Acceptances that are accepted by Canadian Lenders (“Old System Issuers”)
who are not able to issue Bankers’ Acceptances as depository bills under the Depository Bills and Notes Act (Canada), which Bankers’ Acceptances shall in all instances be purchased by such Old System Issuer. 

(v) Power of Attorney. To facilitate the procedures contemplated in this Agreement, each Canadian Borrower appoints
each Canadian Lender from time to time as the attorney-in-fact of such Canadian Borrower to execute, endorse and deliver on behalf of such Canadian Borrower drafts or depository bills in the form or forms prescribed by such Canadian Lender for
Bankers’ Acceptances denominated in Canadian Dollars. Each Bankers’ Acceptance executed and delivered by a Canadian Lender on behalf of a Canadian Borrower shall be as binding upon such Canadian Borrower as if it had been executed and
delivered by a Responsible Officer of such Canadian Borrower. The foregoing appointment shall cease to be effective, in respect of any Canadian Lender regarding such Canadian Borrower, three Business Days following receipt by such Canadian Lender of
a written notice from such Canadian Borrower revoking such appointment (which notice shall be copied to the Administrative Agent); provided that any such revocation shall not affect Bankers’ Acceptances previously executed and delivered
by such Canadian Lender pursuant to such appointment. 
 (vi) Market. If the Canadian Required Lenders
determine, which determination shall be final conclusive and binding on the Canadian Borrowers, that there does not exist at the applicable time a normal market in Canada for the purchase and sale of Bankers’ Acceptances, the Administrative
Agent shall so notify the Canadian Borrowers, and the Canadian Lenders’ obligation to accept Bankers’ Acceptances under this Agreement shall be suspended until such time as the Administrative Agent (upon the instruction of the Canadian
Required Lenders) revokes such notice. During any such suspension, a request for a Bankers’ Acceptance will be deemed to be a request for a Canadian Prime Rate Committed Loan. 

(vii) Pro-Rata Treatment of Canadian Borrowings. 

(A) In the event it is not practicable to allocate Bankers’ Acceptances to each Canadian Lender such that the
aggregate amount of Bankers’ Acceptances required to be purchased by such Canadian Lender hereunder is in a whole multiple of C$100,000, the 

  
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Administrative Agent is authorized by each Canadian Borrower and each Canadian Lender to make such allocation as the Administrative Agent determines in its sole and unfettered discretion may be
equitable in the circumstances and, if the aggregate amount of such Bankers’ Acceptances is not a whole multiple of C$100,000, then the Administrative Agent may allocate (on a basis considered by it to be equitable) the excess of such
Bankers’ Acceptances over the next lowest whole multiple of C$100,000 to one Canadian Lender, which shall purchase a Bankers’ Acceptance with a face amount equal to the excess and having the same term as the corresponding Bankers’
Acceptances. In no event shall the portion of the outstanding Canadian Committed Borrowings by way of Bankers’ Acceptances of a Canadian Lender exceed such Canadian Lender’s Pro Rata Share of the aggregate Canadian Committed Borrowings by
way of Bankers’ Acceptances by more than C$100,000 as a result of such exercise of discretion by the Administrative Agent. 
 (B) If during the term of any Bankers’ Acceptance accepted by a Canadian Lender hereunder the Canadian Stamping Fee Rate changes as a result of a change in the Applicable Rate or an Event of Default
occurs and is continuing, the fee paid to such Canadian Lender by the applicable Canadian Borrower pursuant to Section 4.02 (in this paragraph called the “Initial Fee”) with respect to such Bankers’
Acceptance shall be recalculated based upon such change in the Canadian Stamping Fee Rate or the existence of such Event of Default for the number of days during the term of such Bankers’ Acceptance that such change is applicable or such Event
of Default exists. If such recalculated amount is in excess of the Initial Fee then the applicable Canadian Borrower shall pay to such Canadian Lender the amount of such excess, and if such recalculated amount is less than the Initial Fee, then the
amount of such reduction shall be credited to other amounts payable by the applicable Canadian Borrower to such Canadian Lender. 

(c) General Procedures for Bankers’ Acceptances. 

(i) Notice. Each Canadian Borrower may in a Canadian Committed Borrowing Notice (which notice must be received by
the Administrative Agent not later than 11:00 a.m. one Business Day prior to the date of the requested Canadian Borrowing by way of Bankers’ Acceptances) request a Canadian Borrowing by way of Bankers’ Acceptances. If such Canadian
Borrower is responsible for marketing of such Bankers’ Acceptances under Section 3.08(b)(iv), such Canadian Borrower by subsequent notice to Administrative Agent by 11:00 a.m. on the day of the requested Canadian
Borrowing by way of Bankers’ Acceptances shall provide Administrative Agent (which shall in turn promptly notify each Canadian Lender) with information as to the discount proceeds payable by the purchasers of the Bankers’ Acceptances and
the party to whom delivery of the Bankers’ Acceptances by each Canadian Lender is to be made against delivery to each Canadian Lender of the applicable discount proceeds. Such discount proceeds less the fee calculated in accordance with
Section 4.02(b) shall promptly be delivered to the Administrative Agent. Any telephone advice given under this Section shall be subject to Section 3.02 and shall be confirmed by a written notice of the
applicable Canadian Borrower to Administrative Agent prior to 2:00 p.m. on the same day. 
 (ii) Rollover.
In the case of a rollover of maturing Bankers’ Acceptances issued by a Canadian Lender, such Canadian Lender, in order to satisfy the continuing liability of the applicable Canadian Borrower to the Canadian Lender for the face amount of the
maturing Bankers’ Acceptances issued by the applicable Canadian Borrower, shall retain for its own account the Canadian Net Proceeds of each new Bankers’ Acceptance issued by it in connection with such rollover; and the applicable Canadian
Borrower shall, on the maturity date of the 

  
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maturing Bankers’ Acceptances issued by the applicable Canadian Borrower, pay to Administrative Agent for the benefit of Canadian Lenders an amount equal to the difference between the face
amount of the maturing Bankers’ Acceptances and the aggregate Canadian Net Proceeds of the new Bankers’ Acceptances. 
 (iii) Conversion from Canadian Prime Rate Loans. In the case of a conversion from a Canadian Prime Rate Committed Loan into a Canadian Committed Borrowing by way of Bankers’ Acceptances to be
accepted by a Canadian Lender pursuant to Sections 3.08(a), (b) and (c), such Canadian Lender, in order to satisfy the continuing liability of the applicable Canadian Borrower to it for the
principal amount of the Canadian Prime Rate Loans owing by such Canadian Borrower being converted, shall retain for its own account the Canadian Discount Proceeds of each new Bankers’ Acceptance issued by it in connection with such conversion;
and the applicable Canadian Borrower shall, on the date of issuance of the Bankers’ Acceptances, pay to Administrative Agent for the benefit of Canadian Lenders an amount equal to the difference between the aggregate principal amount of the
Canadian Prime Rate Loans owing by the applicable Canadian Borrower being converted owing to the Canadian Lenders and the aggregate Canadian Discount Proceeds of such Bankers’ Acceptances. 

(iv) Conversions to Canadian Prime Rate Loans. In the case of a conversion of a Canadian Committed Borrowing by way
of Bankers’ Acceptances into Canadian Prime Rate Loan, each Canadian Lender, in order to satisfy the liability of the applicable Canadian Borrower to it for the face amount of the maturing Bankers’ Acceptances, shall record the obligation
of the applicable Canadian Borrower to it as a Canadian Prime Rate Loan, unless such Canadian Borrower provides for payment to Administrative Agent for the benefit of Canadian Lenders of the face amount of the maturing Bankers’ Acceptance in
some other manner acceptable to Canadian Lenders, including conversion to another Type of Canadian Borrowing. 

(v) Authorization. Each Canadian Borrower hereby authorizes each Canadian Lender to complete, stamp, hold, sell,
rediscount or otherwise dispose of all Bankers’ Acceptances accepted by it pursuant to this Section in accordance with the instructions provided by the applicable Canadian Borrower pursuant to Sections 3.01 and
3.02, as applicable. 
 (vi) Depository Notes. The parties agree that in the administering
of Bankers’ Acceptances, each Canadian Lender may avail itself of the debt clearing services offered by a clearing house for depository notes pursuant to the Depository Bills and Notes Act (Canada) and that the procedures set forth in
Section 3.02 be deemed amended to the extent necessary to comply with the requirements of such debt clearing services. 
 (d) Execution of Bankers’ Acceptances. The signatures of any authorized signatory on Bankers’ Acceptances may, at the option of the applicable Canadian Borrower, be reproduced in
facsimile and such Bankers’ Acceptances bearing such facsimile signatures shall be binding on the applicable Canadian Borrower as if they had been manually signed by such authorized signatory. Notwithstanding that any person whose signature
appears on any Bankers’ Acceptance as a signatory may no longer be an authorized signatory of the applicable Canadian Borrower at the date of issuance of a Bankers’ Acceptance, and notwithstanding that the signature affixed may be a
reproduction only, such signature shall nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance and as if such signature had been manually applied, and any such Bankers’
Acceptance so signed shall be binding on such Canadian Borrower. 

  
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 (e) Escrowed Funds. Upon the occurrence of an Event of Default and an acceleration of
the Canadian Committed Loans under Section 10.02 or upon a prepayment permitted under Section 3.06 each Canadian Borrower shall forthwith pay to Administrative Agent for deposit into an escrow account maintained
by and in the name of Administrative Agent for the benefit of Canadian Lenders in accordance with their Pro Rata Shares an amount equal to the Canadian Lenders’ maximum potential liability (as determined by Administrative Agent) under then
outstanding Bankers’ Acceptances for such Canadian Borrower (the “Canadian Escrow Funds”). The Canadian Escrow Funds shall be held by Administrative Agent for set-off against future amounts owing by such Canadian
Borrower in respect to such Bankers’ Acceptances and pending such application shall bear interest at the rate declared by Administrative Agent from time to time as that payable by it in respect of deposits for such amount and for such period
relative to the maturity date of the Bankers’ Acceptances, as applicable. If such Event of Default is either waived or cured in compliance with the terms of this Agreement, then the Canadian Escrow Funds, together with any accrued interest to
the date of release, shall be forthwith released to the applicable Canadian Borrower. 
 (f) BA Equivalent Advances. Each
Canadian Lender that is unable to accept BAs or does not customarily accept BAs may, in lieu of accepting a BA on the date of any Canadian Committed Borrowing, make a BA Equivalent Advance. The amount of each BA Equivalent Advance shall be equal to
the Canadian Discount Proceeds (with reference to the applicable BA Discount Rate) which would be realized from a hypothetical sale of those BAs which, but for this subsection, would have been sold to such Canadian Lender. If such Canadian Lender
does not otherwise have a BA Discount Rate applicable to it, the applicable BA Discount Rate will be calculated as though such Canadian Lender was listed on Schedule III of the Bank Act (Canada). Any BA Equivalent Advance shall be made
on the relevant date of any Canadian Committed Borrowing, and shall remain outstanding for the term of the corresponding BA. On the maturity date of the corresponding BA, such BA Equivalent Advance shall be repaid in an amount equal to the face
amount of a draft that would have been accepted by such Canadian Lender if such Canadian Lender had accepted and purchased a BA hereunder. Each BA Equivalent Advance made pursuant to this subsection shall be deemed to be a BA accepted and purchased
by such Canadian Lender pursuant to the terms hereof, and except in this subsection, any reference to a BA shall include such BA Equivalent Advance. 
 3.09. Currency Fluctuations. 
 Notwithstanding any other provision of this
Agreement, Administrative Agent shall have the right at any time and from time to time to calculate the Total Canadian Outstandings at the U.S. Dollar Equivalent thereof in U.S. Dollars for any purposes including making a determination from
time to time of the available undrawn portion of the Aggregate Canadian Commitments. If following such calculation, Administrative Agent determines that the Total Canadian Outstandings are greater than 105% of the Aggregate Canadian Commitments at
such time, then Administrative Agent shall so advise each Canadian Borrower and such Canadian Borrower shall following such advice repay, on the later of (a) five Business Days after such advice and (b) the earlier of (i) the next
Interest Payment Date for Canadian Prime Rate Loans, (ii) the next Interest Payment Date for Canadian U.S. Eurodollar Rate Committed Loans or Canadian Eurodollar Rate Committed Loans, and (iii) the next maturity date of any outstanding
Bankers’ Acceptance, an amount equal to the amount by which the Total Canadian Outstandings exceeds the Aggregate Canadian Commitments, together with all accrued interest on the amount so paid. 

3.10. Currency Conversion and Currency Indemnity. 
 (a) Each Canadian Borrower shall make payment relative to any Canadian Borrowings (other than Canadian Base Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans) or Canadian Letter of
Credit denominated in Canadian Dollars in Canadian Dollars and shall make payment relative to Canadian U.S. Base Rate Committed Loans, Canadian U.S. Eurodollar Rate Committed Loans, and Canadian Letters of Credit denominated in U.S. Dollars, in U.S.
Dollars. If any payment is received on account of any such Canadian Borrowings or Letter of Credit in any currency (the “Other Currency”) 

  
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other than the Applicable Currency (whether voluntarily, pursuant to any conversion of a Canadian Borrowing or pursuant to an order or judgment or the enforcement thereof or the realization of
any security or the liquidation of a Canadian Borrower or otherwise howsoever), such payment shall constitute a discharge of the liability of such Canadian Borrower hereunder and under the other Loan Documents in respect thereof only to the extent
of the amount of the Applicable Currency which the Administrative Agent or relevant Canadian Lenders are able to purchase with the amount of the Other Currency received by it on the Business Day next following such receipt in accordance with its
normal procedures and after deducting any premium and costs of exchange. 
 (b) If, for the purpose of obtaining or enforcing
judgment in any court in any jurisdiction, it becomes necessary to convert into a particular currency (the “Judgment Currency”) any amount due in Canadian Dollars, then the conversion shall be made on the basis of the rate of
exchange prevailing on the next Business Day following the date such judgment is given and in any event each Canadian Borrower shall be obligated to pay the Administrative Agent or Canadian Lenders any deficiency in accordance with
Section 3.10(a). For the foregoing purposes “rate of exchange” means the rate at which the Administrative Agent or relevant Canadian Lenders, as applicable, in accordance with their normal banking procedures are able on
the relevant date to purchase Canadian Dollars with the Judgment Currency after deducting any premium and costs of exchange. 

(c) If the Administrative Agent or any Canadian Lender receives any payment or payments on account of the liability of a Canadian Borrower
hereunder pursuant to any judgment or order in any Other Currency, and the amount of Canadian Dollars which the Administrative Agent or relevant Canadian Lender is able to purchase on the Business Day next following such receipt with the proceeds of
such payment or payments in accordance with its normal procedures and after deducting any premiums and costs of exchange is less than the amount of Canadian Dollars due in respect of such liabilities immediately prior to such judgment or order, then
such Canadian Borrower shall, within five Business Days after demand, and such Canadian Borrower hereby agrees to, indemnify and save Administrative Agent or such Canadian Lender harmless from and against any loss, cost or expense arising out of or
in connection with such deficiency. The agreement of indemnity provided for in this Section 3.10(c) shall constitute an obligation separate and independent from all other obligations contained in this Agreement, shall give rise to
a separate and independent cause of action, shall apply irrespective of any indulgence granted by Administrative Agent or the Lenders or any of them from time to time, and shall continue in full force and effect notwithstanding any judgment or order
for a liquidated sum in respect of an amount due hereunder or under any judgment or order. 
 3.11. Funding Source. (a)
Each Canadian Lender may, at its option, make any Canadian Loan available to any Canadian Borrower by causing any foreign or domestic branch or Affiliate of such Canadian Lender to make such Loan; provided that any exercise of such option
shall not affect the obligation of such Canadian Borrower to repay such Canadian Loan in accordance with the terms of this Agreement. 
 ARTICLE 4. 
 GENERAL PROVISIONS APPLICABLE TO SENIOR CREDIT FACILITY AND
CANADIAN SUBFACILITY 
 4.01. Interest on Loans. 

(a) Subject to the provisions of subsection (c) below, (i) each U.S. Eurodollar Rate Committed Loan shall bear
interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the U.S. Dollar Eurodollar Rate for such Interest Period plus the Applicable Rate; (ii) each U.S. Base Rate Committed Loan
shall bear interest on the outstanding principal amount 

  
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thereof from the applicable borrowing date at a rate per annum equal to the U.S. Base Rate plus the Applicable Rate; (iii) each U.S. Bid Loan shall bear interest on the outstanding
principal amount thereof for the Interest Period therefor at a rate per annum equal to the U.S. Dollar Eurodollar Rate for such Interest Period plus (or minus) the U.S. Eurodollar Bid Margin, or at the Absolute Rate for such Interest Period, as
the case may be; and (iv) each U.S. Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the U.S. Swing Line Rate. 

(b) Subject to the provisions of subsection (c) below, (i) each Canadian Eurodollar Rate Committed Loan shall bear
interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Canadian Dollar Eurodollar Rate for such Interest Period plus the Applicable Rate; (ii) each Canadian U.S. Eurodollar Rate
Committed Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the U.S. Dollar Eurodollar Rate for such Interest Period plus the Applicable Rate; (iii) each
Canadian Prime Rate Committed Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Canadian Prime Rate plus the Applicable Rate; (iv) each Canadian Base
Rate Committed Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Canadian U.S. Dollar Base Rate plus the Applicable Rate; (v) each Canadian Bid
Loan shall bear interest on the outstanding principal amount thereof for the Interest Period therefor at a rate per annum equal to the Canadian Dollar Eurodollar Rate for such Interest Period plus (or minus) the Canadian Eurodollar Bid Margin, or at
the Absolute Rate for such Interest Period, as the case may be; and (vi) each Canadian Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Canadian
Swing Line Rate. 
 (c)  (i) If any amount of principal of any Loan is not paid when due (without regard to any
applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the rate two percent (2%) above the rate that was
applicable to such Loan before a principal payment on such Loan became past due, to the fullest extent permitted by applicable Laws. 
 (ii) If any amount (other than principal of any Loan) payable by the applicable Borrower under any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated
maturity, by acceleration or otherwise, then upon the request of (x) the U.S. Required Lenders, in the case of a U.S. Obligation, or (y) the Canadian Required Lenders, in the case of a Canadian Obligation, such amount shall thereafter bear
interest at a fluctuating interest rate per annum at all times equal to, in the case of a U.S. Obligation, the U.S. Base Rate plus two percent (2%), and, in the case of a Canadian Obligation, the Canadian Prime Rate plus two percent (2%) to the
fullest extent permitted by applicable Laws. 
 (iii) Accrued and unpaid interest on past due amounts (including
interest on past due interest) shall be due and payable upon demand. 
 (d) Interest on each Loan shall be due and payable in
arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the
commencement of any proceeding under any Debtor Relief Law. 
 (e) For the purposes of the Interest Act (Canada), whenever
interest payable pursuant to this Agreement with respect to the Canadian Borrowings, Canadian L/C Obligations and other amounts payable hereunder or under the other Loan Documents with respect thereto is calculated on the basis of a

  
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period other than a calendar year (the “Relevant Period”), each rate of interest determined pursuant to such calculation expressed as an annual rate is equivalent to such
rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by the number of days in the Relevant Period. 

(f) To the extent permitted by law, the provisions of the Judgment Interest Act (Alberta) R.S.A. 2000 C.J-1 shall not apply to the Loan
Documents and are hereby expressly waived by Canadian Borrowers. 
 (g) For the purposes of the Interest Act (Canada), the
principle of deemed reinvestment of interest shall not apply to any interest calculation under the Loan Documents with respect to the Canadian Borrowings, Canadian L/C Obligations, Bankers’ Acceptances and other amounts payable hereunder or
under the other Loan Documents with respect thereto, and the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields. 
 4.02. Fees. In addition to certain fees described in subsections (i) and (j) of Section 2.04 and subsections (i) and
(j) of Section 3.04: 
 (a) Commitment Fee. 

(i) The U.S. Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its U.S. Pro
Rata Share, a commitment fee equal to the Applicable Rate times the actual daily amount by which the Aggregate U.S. Commitments exceed the sum of (A) the Outstanding Amount of U.S. Committed Loans and (ii) the Outstanding Amount of
U.S. L/C Obligations, subject to adjustment as provided in Section 4.10. For the avoidance of doubt, the Outstanding Amount of U.S. Swing Line Loans shall not be counted towards or considered usage of the Aggregate U.S.
Commitments for purposes of determining the commitment fee. 
 (ii) The Canadian Borrowers shall pay to the
Administrative Agent for the account of each Canadian Lender in accordance with its Canadian Pro Rata Share, a commitment fee equal to the Applicable Rate times the actual daily amount by which the Aggregate Canadian Commitments exceed the
sum of (A) the Outstanding Amount of Canadian Committed Loans and (ii) the Outstanding Amount of Canadian L/C Obligations, subject to adjustment as provided in Section 4.10. For the avoidance of doubt, the Outstanding
Amount of Canadian Swing Line Loans shall not be counted towards or considered usage of the Aggregate Canadian Commitments for purposes of determining the commitment fee. 

(iii) The commitment fees shall accrue at all times during the Availability Period, including at any time during which one
or more of the conditions in Article 6 is not met, and shall be due and payable quarterly in arrears on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur
after the Closing Date, and on the last day of the Availability Period. The commitment fees shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and
multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. 
 (b)
Canadian Stamping Fee. In consideration of each Canadian Lender’s commitment to accept Bankers’ Acceptances under this Agreement, the applicable Canadian Borrower will pay to Administrative Agent for the account of each Canadian
Lender the Canadian Stamping Fee Rate multiplied by the face amount of each Bankers’ Acceptance accepted by such Canadian Lender under this Agreement calculated for the number of days in the term of such Bankers’ Acceptance. Such fee shall
be 
 due and payable on the date on which such Bankers’ Acceptances are accepted and if such Canadian Lender is purchasing such
Bankers’ Acceptance, such fee shall be deducted from the Canadian Discount Proceeds paid to the applicable Canadian Borrower. 

  
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 (c) Other Fees. The Borrowers shall pay to the Joint Lead Arrangers and the
Administrative Agent for their own respective accounts fees in the amounts and at the times specified in the applicable Fee Letter. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

4.03. Computation of Interest and Fees on Loans. All computations of (a) interest for (i) U.S. Base Rate Loans,
(ii) Canadian Base Rate Committed Loans, and (iii) Canadian Prime Rate Loans, and (b) stamping fees for Bankers’ Acceptances shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days
elapsed. All other computations of fees and interest on Loans shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year).
Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on
which it is made shall, subject to Section 4.05(a), bear interest for one day. 
 4.04. Evidence of
Debt. 
 (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained with
respect to each applicable Borrower by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the
amount of the Credit Extensions made by the Lenders to the Borrowers and the interest and payments thereon. Any failure so to record or any error in doing so shall not, however, limit or otherwise affect the obligation of the applicable Borrower
hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the
accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the applicable Borrower shall execute and deliver to such Lender (through the
Administrative Agent) a Note, which shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans
and payments with respect thereto. 
 (b) In addition to the accounts and records referred to in subsection (a),
each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans. In the event of any
conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest
error. 
 4.05. Payments Generally. 
 (a) All payments to be made by any Borrower shall be made free and clear of and without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided
herein, all payments by any Borrower hereunder shall be made to the Administrative Agent or in the case of Canadian Borrowings or Canadian Letters of Credit to the Administrative Agent at the Canadian Payment Office, for the account of the
respective Lenders to which such payment is owed, at the Administrative Agent’s Office or the Canadian Payment Office, as applicable, in the Applicable 

  
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Currency, and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent or the Administrative Agent’s office, as applicable, will
promptly distribute to each applicable Lender its Pro Rata Share (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the
Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. 
 (b) If any payment to be made by any Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in
computing interest or fees, as the case may be. 
 (c) Unless any Borrower or any Lender has notified the Administrative Agent,
prior to the time any payment is required to be made by it to the Administrative Agent hereunder, that such Borrower or such Lender, as the case may be, will not make such payment, the Administrative Agent may assume that such Borrower or such
Lender, as the case may be, has timely made such payment and may (but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in fact
made to the Administrative Agent in immediately available funds, then: 
 (i) if any Borrower failed to make such
payment, each applicable Lender shall forthwith on demand repay to the Administrative Agent the portion of such assumed payment that was made available to such Lender in immediately available funds, together with interest thereon in respect of each
day from and including the date such amount was made available by the Administrative Agent to such Lender to the date such amount is repaid to the Administrative Agent in immediately available funds at the greater of the Federal Funds Rate (or in
the case of the Canadian Loans or Canadian Letters of Credit, the Canadian Prime Rate) from time to time in effect and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus
administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing; and 
 (ii) if any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Administrative Agent the amount thereof in immediately available funds, together with interest thereon for
the period from the date such amount was made available by the Administrative Agent to the applicable Borrower to the date such amount is recovered by the Administrative Agent (the “Compensation Period”) at a rate per annum
equal to the greater of the Federal Funds Rate (or in the case of the Canadian Loans or Canadian Letters of Credit, the Canadian Prime Rate) from time to time in effect and a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Committed Loan or Bid Loan, as the case may be, included in the applicable Borrowing. If such
Lender does not pay such amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent may make a demand therefor upon the applicable Borrower, and such Borrower shall pay such amount to the Administrative Agent,
together with interest thereon for the Compensation Period at a rate per annum equal to the rate of interest applicable to the applicable Borrowing. Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its Commitment
or to prejudice any rights which the Administrative Agent or any Borrower may have against any Lender as a result of any default by such Lender hereunder. 
 A notice of the Administrative Agent to any Lender or any Borrower with respect to any amount owing under this subsection (c) shall be conclusive, absent manifest error. 

  
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 (d) If any Lender makes available to the Administrative Agent funds for any Loan to be made
by such Lender as provided in the foregoing provisions of this Article 4, and such funds are not made available to the applicable Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set
forth in Article 6 are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 

(e) The obligations of the Lenders hereunder to make U.S. Committed Loans and to fund participations in U.S. Letters of Credit and U.S.
Swing Line Loans and to make payments pursuant to Section 11.08 are several and not joint. The failure of any Lender to make any U.S. Committed Loan, to fund any such participation and to make any payment under
Section 11.08 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its U.S.
Committed Loan, to purchase its participation or to make its payment under Section 11.08. 
 (f) The
obligations of the Canadian Lenders hereunder to make Canadian Committed Loans, to accept or purchase Bankers’ Acceptances, to fund participations in Canadian Letters of Credit and Canadian Swing Line Loans and to make payments pursuant to
Section 11.08 are several and not joint. The failure of any Canadian Lender to make any Canadian Committed Loan, to accept or purchase any Bankers’ Acceptance, or to fund any such participation on any date required hereunder
shall not relieve any other Canadian Lender of its corresponding obligation to do so on such date, and no Canadian Lender shall be responsible for the failure of any other Canadian Lender to so make its Canadian Committed Loan, purchase its
participation or to make its payment under Section 11.08. 
 (g) Nothing herein shall be deemed to obligate
any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

4.06. Sharing of Payments. 
 (a) If, other than as expressly provided elsewhere herein, any Lender shall obtain on account of the U.S. Committed Loans made by it, or the participations in U.S. L/C Obligations or in U.S. Swing Line
Loans held by it, any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately (i) notify
the Administrative Agent of such fact, and (ii) purchase from the other Lenders such participations in the U.S. Committed Loans made by them and/or such subparticipations in the participations in U.S. L/C Obligations or U.S. Swing Line Loans
held by them, as the case may be, as shall be necessary to cause such purchasing Lender to share the excess payment in respect of such U.S. Committed Loans or such participations, as the case may be, pro rata with each of them; provided,
however, that if all or any portion of such excess payment is thereafter recovered from the applicable purchasing Lender under any of the circumstances described in Section 12.08 (including pursuant to any settlement
entered into by the purchasing Lender in its discretion), such purchase shall to that extent be rescinded and each other applicable Lender shall repay to the purchasing Lender the purchase price paid therefor, together with an amount equal to such
paying Lender’s ratable share (according to the proportion of (i) the amount of such paying Lender’s required repayment 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, without further interest thereon. The U.S. Borrower agrees that any Lender so purchasing a participation from the other Lender may, to the fullest extent permitted by law,
exercise all its rights of payment (including the right of set-off, but subject to Section 12.11) with respect to such participation as fully as if such Lender were the direct creditor of the U.S. Borrower in the amount of such
participation. The Administrative Agent will keep records (which 

  
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shall be conclusive and binding in the absence of manifest error) of participations purchased under this subsection and will in each case notify the applicable Lenders following any such
purchases or repayments. Each Lender that purchases a participation pursuant to this subsection shall from and after such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement with
respect to the portion of the U.S. Obligations purchased to the same extent as though the purchasing Lender were the original owner of the U.S. Obligations purchased. 
 (b) If, other than as expressly provided elsewhere herein, any Canadian Lender shall obtain on account of the Canadian Committed Loans made by it, the Bankers’ Acceptances accepted by it, or the
participations in Canadian L/C Obligations or in Canadian Swing Line Loans held by it, any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) in excess of its ratable share (or other share
contemplated hereunder) thereof, such Canadian Lender shall immediately (i) notify the Administrative Agent of such fact, and (ii) purchase from the other Canadian Lenders such participations in the Canadian Committed Loans and
Bankers’ Acceptances made by them and/or such subparticipations in the participations in Canadian L/C Obligations or Canadian Swing Line Loans held by them, as the case may be, as shall be necessary to cause such purchasing Canadian Lender to
share the excess payment in respect of such Canadian Committed Loans and Bankers’ Acceptances or such participations, as the case may be, pro rata with each of them; provided, however, that if all or any portion of such excess
payment is thereafter recovered from the applicable purchasing Canadian Lender under any of the circumstances described in Section 12.08 (including pursuant to any settlement entered into by the purchasing Canadian Lender in its
discretion), such purchase shall to that extent be rescinded and each other applicable Canadian Lender shall repay to the purchasing Canadian Lender the purchase price paid therefor, together with an amount equal to such paying Canadian
Lender’s ratable share (according to the proportion of (i) the amount of such paying Canadian Lender’s required repayment to (ii) the total amount so recovered from the purchasing Canadian Lender) of any interest or other amount
paid or payable by the purchasing Canadian Lender in respect of the total amount so recovered, without further interest thereon. The Canadian Borrowers agree that any Canadian Lender so purchasing a participation from another Canadian Lender may, to
the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off, but subject to Section 12.11) with respect to such participation as fully as if such Canadian Lender were the direct creditor
of the applicable Canadian Borrower in the amount of such participation. The Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of participations purchased under this subsection and will
in each case notify the applicable Canadian Lenders following any such purchases or repayments. Each Canadian Lender that purchases a participation pursuant to this subsection shall from and after such purchase have the right to give all notices,
requests, demands, directions and other communications under this Agreement with respect to the portion of the Canadian Obligations purchased to the same extent as though the purchasing Canadian Lender were the original owner of the Canadian
Obligations purchased. 
 4.07. Canadian Reallocation of the Commitments. The Borrowers, collectively, may by notice to
the Administrative Agent reallocate a portion of the Aggregate Commitments specified therein as part of the Aggregate Canadian Commitments or the Aggregate U.S. Commitments; provided that (i) any such notice shall be received by the
Administrative Agent not later than 11:00 a.m. five Business Days prior to the date such reallocation shall become effective, (ii) any such reallocation shall be in an aggregate amount of U.S. $50,000,000 if the amount of the Aggregate
Canadian Commitments at the time of such reallocation is zero, and otherwise in an aggregate amount of U.S. $10,000,000 or in each case any whole multiple of U.S. $1,000,000 in excess thereof, or shall be a reallocation to zero, (iii) after any
such reallocation, the amount of the Aggregate Canadian Commitments shall be equal to or greater than U.S. $50,000,000 or shall be zero, but in no event more than the sum of the Canadian Maximum Commitments of all Canadian Lenders, (iv) after
any such reallocation, the amount of the Aggregate U.S. Commitments may be equal to the amount of the Aggregate Commitments, and in such case, the amount of the Aggregate Canadian Commitments shall be zero, (v) the Borrowers shall not
reallocate any portion 

  
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of the Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments hereunder (a) the Total Outstandings would exceed the Aggregate Commitments, (b) the Total
Canadian Outstandings would exceed the Aggregate Canadian Commitments, (c) the Total U.S. Outstandings would exceed the Aggregate U.S. Commitments, (d) the sum of any Lender’s outstanding U.S. Committed Loans plus such Lender’s
Pro Rata Share of outstanding U.S. L/C Obligations and U.S. Swing Line Loans would exceed such Lender’s U.S. Commitment, (e) the sum of any Canadian Lender’s outstanding Canadian Committed Loans and Bankers’ Acceptances plus such
Canadian Lender’s Pro Rata Share of outstanding Canadian L/C Obligations and Canadian Swing Line Loans would exceed such Canadian Lender’s Canadian Commitment, or (f) any Canadian Lender’s Canadian Commitment would exceed its
Canadian Maximum Commitment, and (vi) the Borrowers, collectively, shall make no more than four reallocations of the Commitments in any calendar year. The Administrative Agent will promptly notify the Lenders and their Canadian branches or
affiliates with Canadian Commitments of any such notice of reallocation of the Commitments and the amount of their respective U.S. Commitments and Canadian Commitments, and shall notify all Lenders of the Commitments, the Aggregate U.S. Commitments
and the Aggregate Canadian Commitments upon the effectiveness of such reallocation. 
 4.08. Extension of Maturity Date.

 (a) Not earlier than 90 days prior to, nor later than 30 days prior to, each anniversary of the Closing Date, the
U.S. Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 days of delivery of such notice, each Lender shall notify the
Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have
consented to such extension. The Administrative Agent shall promptly notify the U.S. Borrower and the Lenders of the Lenders’ responses. The U.S. Borrower may not extend the Maturity Date pursuant to this Section 4.08 more
than two times. 
 (b) The Maturity Date shall be extended only if Lenders holding more than 50% of the Aggregate Commitments
(calculated excluding Defaulting Lenders and prior to giving effect to any replacements of Lenders permitted herein) (the “Consenting Lenders”) have consented thereto. If so extended, the Maturity Date, as to the Consenting
Lenders, shall be extended to the same date in the following year, effective as of the date of such extension by the Consenting Lenders (such effective date being the “Extension Effective Date”). The Administrative Agent and
the U.S. Borrower shall promptly confirm to the Lenders such extension and the Extension Effective Date. As a condition precedent to such extension, the U.S. Borrower shall deliver to the Administrative Agent a certificate of each Loan Party dated
as of the Extension Effective Date signed by a Responsible Officer of such Loan Party (i) certifying that such extension has been duly authorized by such Loan Party and (ii) in the case of each Borrower, certifying that, (A) before
and after giving effect to such extension, the representations and warranties contained in Article 7 and the other Loan Documents made by it are true and correct in all material respects on and as of the Extension Effective Date,
except to the extent that such representations and warranties specifically refer to an earlier date, (B) before and after giving effect to such extension no Default exists or will exist, and (C) no event has occurred since the date of the
most recent audited financial statements of the U.S. Borrower delivered pursuant to Section 8.02(a) that has had, or could reasonably be expected to have, a Material Adverse Effect. The U.S. Borrower shall prepay U.S. Committed
Loans outstanding on the Maturity Date with respect to any Lender that did not consent to an extension of such Maturity Date pursuant to Section 4.08(a) (and pay any additional amounts required pursuant to
Section 5.05) to the extent necessary to keep outstanding U.S. Committed Loans ratable with any revised and new Pro Rata Shares of all the Lenders effective as of such Maturity Date. Each Canadian Borrower shall prepay any
Canadian Committed Loans owing by it outstanding on the Maturity Date with respect to any Lender that did not consent to an extension of such Maturity Date pursuant to 

  
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Section 4.08(a) (and pay any additional amounts required pursuant to Section 5.05) to the extent necessary to keep outstanding Canadian Committed Loans
ratable with any revised and new Pro Rata Shares of all the Canadian Lenders effective as of such Maturity Date. 
 (c) If any
Lender does not consent to the extension of the Maturity Date as provided in this Section 4.08, the U.S. Borrower shall have the right to replace such Lender in accordance with Section 12.17. 

(d) This Section shall supersede any provisions in Section 4.06 or 12.01 to the contrary. 

4.09. Increase in Commitments. 
 (a) The U.S. Borrower shall have the right (in consultation with the Administrative Agent), without the consent of any of the Lenders, to cause from time to time an increase in the Aggregate Commitments
by adding to this Agreement one or more additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counsel or by allowing one or more Lenders to
increase their respective Commitments, provided, however, (i) no Default shall exist, (ii) no such increase shall result in the Aggregate Commitments exceeding U.S.$3,500,000,000, (iii) no such increase shall be in an
amount less than U.S.$50,000,000, and (iv) no Lender’s Commitment shall be increased without such Lender’s consent (which consent may be given or withheld in such Lender’s sole and absolute discretion) and any Lender which does
not respond to any such request to increase its Commitment within the applicable time period provided therefor shall be deemed to have declined to increase its Commitment. 
 (b) If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and the U.S. Borrower shall determine the effective date (the “Increase Effective
Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the U.S. Borrower and the Lenders of the final allocation of such increase and the Increase Effective Date. As a condition precedent to
such increase, the U.S. Borrower shall deliver to the Administrative Agent a certificate of the U.S. Borrower, if the Aggregate U.S. Commitments are being increased, and/or the Canadian Borrowers, if the Aggregate Canadian Commitments are being
increased, and each Guarantor dated as of the Increase Effective Date (in sufficient copies for each Lender) signed by a Responsible Officer of such Loan Party (i) certifying and attaching the resolutions (or governing board minutes) adopted by
such Loan Party authorizing such increase, and (ii) in the case of each certificate from a Borrower, certifying that, before and after giving effect to such increase, (A) the representations and warranties contained in
Article 7 (other than Section 7.14) and the other Loan Documents made by it are true and correct in all material respects on and as of the Increase Effective Date, except to the extent that such representations
and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, provided that in each case, such materiality qualifier shall not be applicable to any
representations and warranties that already are qualified or modified by materiality in the text thereof, and (B) no Default exists. The U.S. Borrower shall prepay any U.S. Committed Loans outstanding on the Increase Effective Date (and pay any
additional amounts required pursuant to Section 5.05) to the extent necessary to keep the outstanding U.S. Committed Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the U.S. Commitments under
this Section. Each Canadian Borrower shall prepay any Canadian Committed Loans owing by it and outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 5.05) to the extent necessary
to keep the outstanding Canadian Committed Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Canadian Commitments under this Section. 
 (c) This Section shall supersede any provisions in Section 4.06 or 12.01 to the contrary. 

  
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 4.10. Defaulting Lenders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any 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. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in
the definition of “Canadian Required Lenders”, “Required Lenders” and Section 12.01. 
 (ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary
or mandatory, at maturity, pursuant to Article 10 or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 12.11. shall be applied at such time or times as may be
determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such
Defaulting Lender to the L/C Issuers or Swing Line Lenders hereunder; third, to Cash Collateralize any L/C Issuer’s Fronting Exposure with respect to such Defaulting Lender in accordance with Sections 2.04(g) and
3.04(g); fourth, as the applicable Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by
this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the U.S. Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting
Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize any L/C Issuer’s future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of
Credit issued under this Agreement, in accordance with Sections 2.04(g) and 3.04(g); sixth, to the payment of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction
obtained by any Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing
to the applicable Borrower as a result of any judgment of a court of competent jurisdiction obtained by such Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and
eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or L/C Borrowings in respect of which such
Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 6.02 were satisfied or waived, such
payment shall be applied solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Obligations owed to, such Defaulting Lender until such
time as all Loans and funded and unfunded participations in L/C Obligations and Swing Line Loans are held by the Lenders pro rata in accordance with the Commitments hereunder without giving effect to Section 4.10(a)(iv). Any
payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 4.10(a)(ii) shall be deemed
paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 
 (iii)
Certain Fees. 

  
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 (A) No Defaulting Lender shall be entitled to receive any fee payable under
Section 4.02(a) for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).

 (B) Each Defaulting Lender shall be entitled to receive Letter of Credit Fees for any period during which that
Lender is a Defaulting Lender only to the extent allocable to its Pro Rata Share of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Sections 2.04(g) and 3.04(g), as
applicable. 
 (C) With respect to any fee payable under Section 4.02(a) or any Letter of
Credit Fee not required to be paid to any Defaulting Lender pursuant to clause (A) or (B) above, the applicable Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise
payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in L/C Obligations or Swing Line Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below,
(y) pay to the L/C Issuers and Swing Line Lenders, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such L/C Issuer’s or such Swing Line Lender’s Fronting Exposure to
such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee. 
 (iv)
Reallocation of Pro Rata Shares to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Obligations and Swing Line Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their
respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (x) the conditions set forth in Section 6.02. are satisfied at the time of such
reallocation (and, unless the Borrowers shall have otherwise notified the Administrative Agent at such time, the Borrowers shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such
reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party
hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

 (v) Cash Collateral, Repayment of Swing Line Loans. If the reallocation described in
clause (a)(iv) above cannot, or can only partially, be effected, the applicable Borrower shall, without prejudice to any right or remedy available to it hereunder or under applicable Law, (x) first, prepay Swing Line Loans in
an amount equal to the Swing Line Lenders’ Fronting Exposure and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures set forth in Sections 2.04(g) and
3.04(g), as applicable. 
 (b) Defaulting Lender Cure. If the Borrowers, the Administrative Agent, Swing Line
Lenders and the L/C Issuers agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set
forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative
Agent may determine to be necessary to cause the Committed Loans and funded and unfunded participations in 

  
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Letters of Credit and Swing Line Loans to be held on a pro rata basis by the Lenders in accordance with their Pro Rata Share (without giving effect to Section 4.10(a)(iv)),
whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the 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 Lender will constitute a waiver or release of any claim of any party hereunder arising from
that Lender’s having been a Defaulting Lender. 
 4.11. Termination or Reduction of Commitments. The U.S. Borrower
may, upon notice to the Administrative Agent, terminate the Aggregate Commitments (including the Aggregate Canadian Commitments), or from time to time permanently reduce the Aggregate Commitments (and proportionately reduce the Aggregate Canadian
Commitments); provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. two Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be
in an aggregate amount of U.S. $10,000,000 or any whole multiple of U.S. $1,000,000 in excess thereof, (iii) the U.S. Borrower shall not terminate or reduce the Aggregate Commitments (and the Aggregate Canadian Commitments, if applicable) if,
after giving effect thereto and to any concurrent prepayments hereunder, (1) the Total Outstandings would exceed the Aggregate Commitments, (2) the Total U.S. Outstandings would exceed the Aggregate U.S. Commitments, or (3) the Total
Canadian Outstandings would exceed the Aggregate Canadian Commitments, (iv) if, after giving effect to any reduction of the Aggregate Commitments, the Letter of Credit Sublimit exceeds the amount of the Aggregate Commitments, such Sublimit
shall be automatically reduced by the amount of such excess, and (v) if, after giving effect to any reduction of the Aggregate Commitments, the U.S. Swing Line Sublimit exceeds the amount of the Aggregate U.S. Commitments or the Canadian Swing
Line Sublimit exceeds the Aggregate Canadian Commitments, such Sublimits shall be automatically reduced by the amount of such excess. The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the
Aggregate Commitments. Any reduction of the Aggregate Commitments shall be applied to the U.S. Commitment of each Lender according to such Lender’s Pro Rata Share. All fees accrued until the effective date of any termination of the Aggregate
Commitments shall be paid on the effective date of such termination. 
 ARTICLE 5. 

TAXES, YIELD PROTECTION AND ILLEGALITY 
 5.01. Taxes. 
 (a) Payments Free of Taxes; Obligation to Withhold;
Payments on Account of Taxes. 
 (i) Any and all payments by or on account of any obligation of any Loan
Party under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable Laws. If any applicable Laws (as determined in the good faith discretion of the Administrative Agent) require the deduction
or withholding of any Tax from any such payment by the Administrative Agent or a Loan Party, then the Administrative Agent or such Loan Party shall be entitled to make such deduction or withholding, upon the basis of the information and
documentation to be delivered pursuant to subsection (e) below. 
 (ii) If any Loan Party or
the Administrative Agent shall be required by the Code to withhold or deduct any Taxes, including both United States Federal backup withholding and withholding taxes, from any payment, then (A) such Loan Party or the Administrative Agent shall
withhold or make such deductions as are determined by it to be required based upon the information and documentation it has received pursuant to subsection (e) below, (B) such Loan Party or the Administrative Agent shall
timely pay the full amount withheld or deducted to the 

  
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relevant Governmental Authority in accordance with the Code, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the
applicable Loan Party shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 5.01) the
applicable Recipient receives an amount equal to the sum it would have received had no such withholding or deduction been made. 
 (iii) If any Loan Party or the Administrative Agent shall be required by any applicable Laws other than the Code to withhold or deduct any Taxes from any payment, then (A) such Loan Party or the
Administrative Agent, as required by such Laws, shall withhold or make such deductions as are determined by it to be required based upon the information and documentation it has received pursuant to subsection (e) below,
(B) such Loan Party or the Administrative Agent, to the extent required by such Laws, shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with such Laws, and (C) to the extent that the
withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions
applicable to additional sums payable under this Section 5.01) the applicable Recipient receives an amount equal to the sum it would have received had no such withholding or deduction been made. 

(b) Payment of Other Taxes by the Borrowers. Without limiting the provisions of subsection (a) above, the Loan
Parties shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

(c) Tax Indemnifications. 
 (i) Each of the Loan Parties shall, and does hereby, jointly and severally indemnify each Recipient, and shall make payment in respect thereof within 10 days after demand therefor, for the full amount of
any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 5.01) payable or paid by such Recipient or required to be withheld or deducted from a payment to such
Recipient, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such
payment or liability delivered to the applicable Borrower by a Lender or an L/C Issuer (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or an L/C Issuer, shall be conclusive absent
manifest error. 
 (ii) Each Lender and L/C Issuer shall, and does hereby, severally indemnify, and shall make
payment in respect thereof within 10 days after demand therefor, (x) the Administrative Agent against any Indemnified Taxes attributable to such Lender or such L/C Issuer (but only to the extent that any Loan Party has not already indemnified
the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (y) the Administrative Agent and the Loan Parties, as applicable, against any Taxes attributable to such Lender’s
failure to comply with the provisions of Section 12.09(d) relating to the maintenance of a Participant Register and (z) the Administrative Agent and the Loan Parties, as applicable, against any Excluded Taxes attributable to
such Lender or such L/C Issuer, in each case, that are payable or paid by the Administrative Agent or a Loan Party in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes
were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by 

  
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the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such
Lender, as the case may be, under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this clause (ii). 
 (d) Evidence of Payments. Upon request by any Borrower or the Administrative Agent, as the case may be, after any payment of Taxes by such Borrower or by the Administrative Agent to a
Governmental Authority as provided in this Section 5.01, such Borrower shall deliver to the Administrative Agent or the Administrative Agent shall deliver to such Borrower, as the case may be, the original or a certified copy of a
receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by Laws to report such payment or other evidence of such payment reasonably satisfactory to such Borrower or the Administrative Agent, as the case
may be. 
 (e) Status of Lenders; Tax Documentation. 

(i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under
any Loan Document shall deliver to the U.S. Borrower and the Administrative Agent, at the time or times reasonably requested by the U.S. Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by
the U.S. Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the U.S. Borrower or the Administrative Agent, shall
deliver such other documentation prescribed by applicable law or reasonably requested by the U.S. Borrower or the Administrative Agent as will enable the U.S. Borrower or the Administrative Agent to determine whether or not such Lender is subject to
backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in
Sections 5.01(e)(ii)(A), 5.01(e)(ii)(B) and 5.01(e)(ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to
any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 
 (ii) Without limiting the generality of the foregoing, in the event that a Borrower is a U.S. Person, 
 (A) any Lender that is a U.S. Person shall deliver to the U.S. Borrower and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to
time thereafter upon the reasonable request of the U.S. Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax; 

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

  
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 (1) in the case of a Foreign Lender claiming the benefits of an income tax
treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the
“interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the
“business profits” or “other income” article of such tax treaty; 
 (2) executed originals
of IRS Form W-8ECI; 
 (3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio
interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is not a “bank” within the meaning of
Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in
Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN; or 
 (4) to the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate substantially in
the form of Exhibit H-2 or Exhibit H-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more
direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-4 on behalf of each such
direct and indirect partner; 
 (C) any Foreign Lender shall, to the extent it is legally entitled to do so,
deliver to the U.S. Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter
upon the reasonable request of the U.S. Borrower or the Administrative Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed,
together with such supplementary documentation as may be prescribed by applicable law to permit the U.S. Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by
FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the U.S. Borrower
and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the U.S. Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by

  
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Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the U.S. Borrower or the Administrative Agent as may be necessary for the Borrower and
the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for
purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 
 (iii) Each Lender agrees that if any form or certification it previously delivered pursuant to this Section 5.01 expires or becomes obsolete or inaccurate in any respect, it shall
update such form or certification or promptly notify the U.S. Borrower and the Administrative Agent in writing of its legal inability to do so. 
 (f) Treatment of Certain Refunds. Unless required by applicable Laws, at no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender or
an L/C Issuer, or have any obligation to pay to any Lender or any L/C Issuer, any refund of Taxes withheld or deducted from funds paid for the account of such Lender or such L/C Issuer, as the case may be. If any Recipient determines, in its sole
discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified by any Loan Party or with respect to which any Loan Party has paid additional amounts pursuant to this
Section 5.01, it shall pay to the Loan Party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by a Loan Party under this Section 5.01 with respect to
the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund),
provided that the Loan Party, upon the request of the Recipient, agrees to repay the amount paid over to the Loan Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Recipient in the
event the Recipient is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this subsection, in no event will the applicable Recipient be required to pay any amount to the Loan Party pursuant to
this subsection the payment of which would place the Recipient in a less favorable net after-Tax position than such Recipient would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or
otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This subsection shall not be construed to require any Recipient to make available its tax returns (or any other information
relating to its taxes that it deems confidential) to any Loan Party or any other Person. 
 (g) Survival. Each
party’s obligations under this Section 5.01 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender or an L/C Issuer, the termination of the
Commitments and the repayment, satisfaction or discharge of all other Obligations. 
 5.02. Illegality. If any Lender
determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund U.S. Dollar Eurodollar Rate Loans, or Canadian Dollar
Eurodollar Rate Loans, as applicable, or to determine or charge interest rates based upon the U.S. Dollar Eurodollar Rate or the Canadian Dollar Eurodollar Rate, then, on notice thereof by such Lender to each applicable Borrower through the
Administrative Agent, any obligation of such Lender (a) to make or continue U.S. Dollar Eurodollar Rate Loans or Canadian U.S. Eurodollar Rate Committed Loans, or (b) to convert (i) U.S. Base Rate Committed Loans to U.S.
Eurodollar Rate Committed Loans or (ii) Canadian Prime Rate Committed Loans or Canadian Base Rate Committed Loans to Canadian Eurodollar Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans, shall be suspended until such Lender
notifies 

  
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 the Administrative Agent and each applicable Borrower that the circumstances giving rise to
such determination no longer exist. Upon receipt of such notice, each applicable Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, (a) convert all U.S. Dollar Eurodollar Rate
Loans or Canadian U.S. Eurodollar Rate Committed Loans of such Lender to U.S. Base Rate Loans, or Canadian Base Rate Committed Loans, as the case may be, and (b) convert all Canadian Dollar Eurodollar Rate Loans of such Lender to Canadian Prime
Rate Committed Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such U.S. Dollar Eurodollar Rate Loans or Canadian Dollar Eurodollar Rate Loans, as the case may be, to such day, or
immediately, if such Lender may not lawfully continue to maintain such U.S. Dollar Eurodollar Rate Loans or Canadian Eurodollar Rate Loans, as the case may be. Upon any such prepayment or conversion, each applicable Borrower shall also pay
accrued interest on the amount so prepaid or converted. Each Lender agrees to designate a different Lending Office if such designation will avoid the need for such notice and will not, in the good faith judgment of such Lender, otherwise be
materially disadvantageous to such Lender. 
 5.03. Inability to Determine Rates. 

(a) If the U.S. Required Lenders determine that for any reason adequate and reasonable means do not exist for determining the
U.S. Dollar Eurodollar Rate for any requested Interest Period with respect to a proposed U.S. Eurodollar Rate Committed Loan, or that the U.S. Dollar Eurodollar Rate for any requested Interest Period with respect to a proposed U.S.
Eurodollar Rate Committed Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the U.S. Borrower and each Lender. Thereafter, the obligation of the Lenders to
make or maintain U.S. Dollar Eurodollar Rate Loans shall be suspended until the Administrative Agent (upon the instruction of the U.S. Required Lenders) revokes such notice. Upon receipt of such notice, the U.S. Borrower may revoke any pending
request for a U.S. Borrowing of, conversion to or continuation of U.S. Eurodollar Rate Committed Loans or, failing that, will be deemed to have converted such request into a request for a U.S. Committed Borrowing of U.S. Base Rate Loans in the
amount specified therein. 
 (b) If the Canadian Required Lenders determine that for any reason adequate and reasonable means do
not exist for determining the U.S. Dollar Eurodollar Rate or the Canadian Dollar Eurodollar Rate for any requested Interest Period with respect to a proposed Canadian Eurodollar Rate Committed Loan, or that the U.S. Dollar Eurodollar Rate
or the Canadian Dollar Eurodollar Rate for any requested Interest Period with respect to a proposed Canadian Committed Loan does not adequately and fairly reflect the cost to such Canadian Lenders of funding such Loan, the Administrative Agent will
promptly so notify each Canadian Borrower and each Canadian Lender. Thereafter, the obligation of the Canadian Lenders to make or maintain Canadian Dollar Eurodollar Rate Loans and Canadian U.S. Eurodollar Rate Loans shall be suspended until the
Administrative Agent (upon the instruction of the Canadian Required Lenders) revokes such notice. Upon receipt of such notice, any Canadian Borrower may revoke any pending request for a Canadian Borrowing of, conversion to or continuation of such
Canadian Committed Loans or, failing that, will be deemed to have converted such request into a request for a Canadian Committed Borrowing of Canadian Base Rate Committed Loans or Canadian Prime Rate Committed Loans in the amount specified therein.

 5.04. Increased Cost and Reduced Return; Capital Adequacy; Reserves on U.S. Dollar Eurodollar Rate Loans, Canadian
Dollar Eurodollar Rate Loans, and Canadian U.S. Eurodollar Rate Committed Loans. 

  
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 (a) If any Lender determines that as a result of a Change in Law, or such Lender’s
compliance therewith, there shall be any increase in the cost to such Lender of agreeing to make or making, funding or maintaining U.S. Dollar Eurodollar Rate Loans, Canadian Dollar Eurodollar Rate Loans, or Canadian U.S. Eurodollar Rate
Committed Loans or (as the case may be) issuing or participating in Letters of Credit, or a reduction in the amount received or receivable by such Lender in connection with any of the foregoing (excluding for purposes of this subsection
(a) any such increased costs or reduction in amount resulting from (i) Indemnified Taxes, (ii) Taxes described in clause (a) of the definition of Excluded Taxes to the extent resulting from changes in tax
rates, and Taxes described in clauses (b) through (d) of the definition of Excluded Taxes, (iii) Connection Income Taxes, (iv) capital taxes imposed under Canadian law, and (v) reserve
requirements contemplated by Section 5.04(c)), then from time to time within 20 days following delivery by such Lender of a certificate described in Section 5.06 (with a copy of such demand to the
Administrative Agent), each applicable Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such increased cost or reduction. 
 (b) If any Lender determines that a Change in Law regarding capital adequacy or liquidity or compliance by such Lender (or its Lending Office) therewith, has the effect of reducing the rate of return on
the capital of such Lender or any corporation controlling such Lender as a consequence of such Lender’s obligations hereunder to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change
in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy and liquidity), then from time to time upon demand of such Lender (with a copy of such demand to
the Administrative Agent), each applicable Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such reduction. 
 (c) The U.S. Borrower shall pay to each Lender, and the applicable Canadian Borrower shall pay to each Canadian Lender, 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 U.S. Dollar Eurodollar Rate Loan
or Canadian Dollar Eurodollar Rate Loan, as applicable, 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), which shall be due and
payable on each date on which interest is payable on such Loan, provided the applicable Borrower shall have received at least 15 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If
a Lender fails to give notice 15 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable 15 days from receipt of such notice. 

5.05. Compensation for Losses. Within 20 days following delivery by any Lender of a certificate described in
Section 5.06, upon demand of such Lender (with a copy to the Administrative Agent) from time to time, each applicable Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense
incurred by it as a result of: 
 (a) any continuation, conversion, payment or prepayment of any Loan other than a U.S. Base
Rate Loan, a Canadian Prime Rate Committed Loan or a Canadian Base Rate Committed Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); or

 (b) any failure by the applicable Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay,
borrow, continue or convert any Loan other than a U.S. Base Rate Loan, a Canadian Prime Rate Loan or a Canadian Base Rate Committed Loan, as the case may be, on the date or in the amount notified by the applicable Borrower; or 

(c) any assignment of a U.S. Dollar Eurodollar Rate Loan or a Canadian Dollar Eurodollar Rate Loan or a Canadian U.S. Eurodollar
Rate Committed Loan, as the case may be, on a day other than the last day of the Interest Period therefor as a result of a request by the applicable Borrower pursuant to Section 12.17; excluding any loss of anticipated profits but
including any actual loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. 

5.06. Matters Applicable to all Requests for Compensation. 

(a) A certificate of the Administrative Agent or any Lender claiming compensation under this Article 5 and setting
forth the additional amount or amounts to be paid to it hereunder and the basis and calculation thereof shall be conclusive in the absence of manifest error. In determining such amount, the Administrative Agent or such Lender may use any reasonable
averaging and attribution methods. The applicable Borrower may reasonably request copies of documentation supporting such methods. 
 (b) Upon any Lender’s making a claim for compensation under Section 5.01 or 5.04 or providing a notice under Section 5.02, the U.S. Borrower may
replace such Lender in accordance with Section 12.17. 
  

  
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 (c) Notwithstanding any other provision of this Agreement to the contrary, no Borrower shall
be under any obligation to compensate the Administrative Agent or any Lender under Section 5.01, 5.04 or 5.05 with respect to any request to be compensated for any losses, costs, expenses or other
amounts relating to any period prior to the date that is 180 days prior to such request if such Lender or the Administrative Agent, as the case may be, knew of the circumstances giving rise to such losses, costs, expenses or amounts.

 5.07. Mitigation Obligations. If any Lender requests compensation under Section 5.04, or requires
any Borrower to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.01, then such Lender shall (at the request of such Borrower) 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 5.04 or Section 5.01, 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 applicable Borrower hereby agree to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

 5.08. Survival. All of the Borrowers’ obligations under this Article 5 shall survive
termination of the Aggregate Commitments and repayment of all other Obligations hereunder. 
 ARTICLE 6. 

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 
 6.01. Conditions to Effectiveness of this Agreement. This Agreement is being executed and delivered on the Closing Date and shall become effective upon the satisfaction of the following conditions
precedent: 
 (a) The Administrative Agent’s receipt of the following, each of which shall be originals or facsimiles
(followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the
Closing Date) and each in form and substance satisfactory to the Administrative Agent and each of the Lenders: 

  
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 (i) executed counterparts of (A) this Agreement, sufficient in number
for distribution to the Administrative Agent, each Lender and each Borrower and (B) the Guaranties; 
 (ii)
a Note executed by each Borrower, as applicable in favor of each Lender requesting a Note; 
 (iii) such
certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each
Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party; 

(iv) such documents and certificates as the Administrative Agent may reasonably require to evidence that each Loan Party
is duly organized or formed, validly existing and in good standing issued by appropriate public officials of the jurisdiction of such Loan Party’s organization or formation; 

(v) favorable opinions of (i) Skadden, Arps, Slate, Meagher & Flom LLP, counsel to the Loan Parties,
(ii) Bennett Jones LLP, counsel to the Canadian Borrowers, and (iii) Stewart McKelvey, counsel to the Canadian Borrowers, in each case addressed to the Administrative Agent and each Lender, as applicable, and such other matters concerning
the Loan Parties and the Loan Documents as the Required Lenders may reasonably request; 
 (vi) a certificate
signed by a Responsible Officer of the U.S. Borrower certifying (A) that the conditions specified in Sections 6.02(a) and (b) have been satisfied, (B) that there has been no event or circumstance since
the date of the Audited Financial Statements that has had or would be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect; and (C) the current Debt Ratings; 

(vii) a copy of the duly completed compliance certificate as of June 30, 2012, signed by a Responsible Officer of the
U.S. Borrower and delivered in connection with the Existing Credit Agreement; and 
 (viii) evidence of
termination of the Commitments as defined in Existing Credit Agreement and repayment or refinancing of all loans thereunder simultaneously with the Closing Date. 
 (b) All documentation and other information as the Lenders may require in order to enable compliance with applicable “know your customer” and anti-money laundering rules and regulations,
including the Act, shall have been delivered 3 Business Days prior to the Closing Date to the extent requested by the Lenders not less than 7 Business Days prior to the Closing Date. 

(c) All accrued but unpaid interest, facility fees, utilization fees, letter of credit fees, and other fees and expenses due and payable
under the Existing Credit Agreement shall be paid on the Closing Date. 
 (d) Any fees required to be paid on or before the
Closing Date shall have been paid. 

  
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 (e) Unless waived by the Administrative Agent, the Borrowers shall have paid all reasonable
and documented Attorney Costs of the Administrative Agent to the extent invoiced prior to or on the Closing Date, plus such additional amounts of Attorney Costs as shall constitute its reasonable estimate of Attorney Costs incurred or to be incurred
by it through the closing proceedings; provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrowers and the Administrative Agent; and provided further that, as used in this
Section 6.01(e), “Attorney Costs” shall include (i) all fees, expenses and disbursements of only one law firm constituting U.S. counsel to the Administrative Agent, and (ii) all fees, expenses and
disbursements of only one law firm constituting Canadian counsel to the Administrative Agent. 
 Without limiting the generality
of the provisions of the last paragraph of Section 11.03, for purposes of determining compliance with the conditions specified in this Section 6.01, each Lender that has signed this Agreement shall be deemed to
have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice
from such Lender prior to the proposed Closing Date specifying its objection thereto. 
 6.02. Conditions to all Credit
Extensions. The obligations of each Lender to honor any Request for Credit Extension (other than a Committed Loan Notice requesting only a conversion of Committed Loans to the other Type or a continuation of Loans) are subject to the following
conditions precedent: 
 (a) The representations and warranties of each Borrower and each other Loan Party (i) which are
contained in Article 7 (other than Section 7.14), any other Loan Document, such Request for Credit Extension or the most recent Compliance Certificate delivered to Administrative Agent prior to the requested
date for such Credit Extension, or (ii) which are contained in any other document furnished at any time under or in connection herewith or therewith that specifically states therein that such representations and warranties are being made for
the benefit of the Lenders and the Administrative Agent, shall be true and correct (in the case of each representation and warranty described in clause (i) or (ii) immediately preceding) in all material respects
on and as of the date of such U.S. Credit Extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date,
provided that in each case, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof. 

(b) No Default shall exist, or would result from such proposed Credit Extension. 

(c) The Administrative Agent and the applicable L/C Issuer or U.S. Swing Line Lender or Canadian Swing Line Lender (as applicable) shall
have received a Request for U.S. Credit Extension or Request for Canadian Credit Extension, as the case may be, in accordance with the requirements hereof. 
 Each Request for U.S. Credit Extension and Request for Canadian Credit Extension (other than (i) a U.S. Committed Loan Notice requesting only a conversion of U.S. Committed Loans to the other Type or
a continuation of U.S. Eurodollar Rate Committed Loans or (ii) a Canadian Committed Borrowing Notice requesting only a conversion of Canadian Committed Loans to the other Type or a continuation of Canadian Eurodollar Rate Committed Loans)
submitted by any Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 6.02(a) and (b) have been satisfied on and as of the date of the applicable Credit
Extension. 

  
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 6.03. Confirmation of Conditions to Effectiveness of this Agreement. The
Administrative Agent shall provide prompt written notice to the Borrowers and the Lenders of the satisfaction (or waiver) of the conditions precedent set forth in Section 6.01 and the effectiveness of this Agreement. 

ARTICLE 7. 

REPRESENTATIONS AND WARRANTIES 
 To confirm each Lender’s understanding concerning Restricted Persons and Restricted Persons’ businesses, properties and obligations and to induce each Lender to enter into this Agreement and to
extend credit hereunder, each Canadian Borrower represents and warrants to each Lender with respect to the following matters applicable to it and its Subsidiaries that, and the U.S. Borrower represents and warrants to each Lender with respect to all
of the following matters that: 
 7.01. No Default. No event has occurred and is continuing which constitutes a Default.

 7.02. Organization and Good Standing. Each Restricted Person is duly organized, validly existing and in good standing
under the Laws of its jurisdiction of organization, having all powers required to carry on its business and enter into and carry out the transactions contemplated hereby. Each Restricted Person is duly qualified, in good standing, and authorized to
do business in all other jurisdictions within the United States or Canada where the failure to so qualify would have a Material Adverse Effect. Each Restricted Person has taken all actions and procedures customarily taken in order to enter, for the
purpose of conducting business or owning property, each jurisdiction outside the United States or Canada where the failure to take such actions or procedures would have a Material Adverse Effect. 

7.03. Authorization. Each Borrower has duly taken all action necessary to authorize the execution and delivery by it of the Loan
Documents to which it is a party and to authorize the consummation of the transactions contemplated thereby and the performance of its obligations thereunder. The Borrowers are duly authorized to make Borrowings and request Letters of Credit
hereunder. 
 7.04. No Conflicts or Consents. The execution and delivery by the various Restricted Persons of the Loan
Documents to which each is a party, the performance by each of its obligations under such Loan Documents, and the consummation of the transactions contemplated by the various Loan Documents, do not and will not conflict with any provision of
(A) any Law, (B) the Organizational Documents of any Restricted Person, or (C) any agreement, judgment, license, order or permit applicable to or binding upon any Restricted Person unless with respect to clause
(A) and clause (C) above such conflict would not reasonably be expected to have a Material Adverse Effect, or result in the acceleration of any Indebtedness owed by any Restricted Person which would reasonably be
expected to have a Material Adverse Effect, or result in or require the creation of any Lien upon any assets or properties of any Restricted Person which would reasonably be expected to have a Material Adverse Effect, except as expressly
contemplated or permitted in the Loan Documents. Except as expressly contemplated in the Loan Documents no consent, approval, authorization or order of, and no notice to or filing with, any Governmental Authority or third party is required in
connection with the execution, delivery or performance by any Restricted Person of any Loan Document or to consummate any transactions contemplated by the Loan Documents, unless failure to obtain such consent, approval, authorization or order or
provide such notice or filing would not reasonably be expected to have a Material Adverse Effect. 
 7.05. Enforceable
Obligations. This Agreement is, and the other Loan Documents when duly executed and delivered will be, legal, valid and binding obligations of each Restricted Person which is a party hereto or thereto, enforceable in accordance with their terms
except as such enforcement may be limited by applicable Debtor Relief Laws. 

  
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 7.06. Full Disclosure. No certificate, statement or other information delivered
herewith or heretofore by any Restricted Person to any Lender in connection with the negotiation of this Agreement or in connection with any transaction contemplated hereby contains any untrue statement of a material fact or when taken together with
all reports, statements, schedules and other information included in filings made by the U.S. Borrower and its Subsidiaries with the SEC (collectively, “SEC Filings”) omits to state any material fact known to any Restricted
Person (other than industry-wide risks normally associated with the types of businesses conducted by Restricted Persons) necessary to make the statements contained herein or therein not misleading as of the date made or deemed made. There is no fact
known to any Restricted Person (other than industry-wide risks normally associated with the types of businesses conducted by Restricted Persons) that has not been disclosed in the SEC Filings or a Disclosure Report to each Lender in writing which
would reasonably be expected to have a Material Adverse Effect. 
 7.07. Litigation. Except as disclosed in the SEC
Filings or in the Disclosure Schedule or a Disclosure Report there are no actions, suits or legal, equitable, arbitrative or administrative proceedings pending, or to the knowledge of any Restricted Person threatened, against any Restricted Person
before any Governmental Authority which would reasonably be expected to have a Material Adverse Effect, and there are no outstanding judgments, injunctions, writs, rulings or orders by any such Governmental Authority against any Restricted Person
which would reasonably be expected to have a Material Adverse Effect. 
 7.08. ERISA Plans and Liabilities. All ERISA
Plans and Multiemployer Plans existing as of the date hereof are listed in the Disclosure Schedule. Except as disclosed in the Disclosure Schedule, in the SEC Filings or a Disclosure Report, no Termination Event when taken together with all other
Termination Events, would reasonably be expected to have a Material Adverse Effect. Except as set forth in the Annual Report on Form 10K or the Quarterly Report on Form 10Q of U.S. Borrower filed with the SEC, (i) no “at-risk
status” (as defined in Section 430(i)(4) of the Internal Revenue Code) exists with respect to any ERISA Plan, whether or not waived by the Secretary of the Treasury or his delegate, (ii) the total amount of withdrawal liability
that would be incurred by all ERISA Affiliates upon their complete withdrawal from all Multiemployer Plans would not reasonably be expected to exceed the Threshold Amount, and (iii) the total present value of all unfunded benefit liabilities
within the meaning of Title IV of ERISA of all ERISA Plans (based upon the actuarial assumptions used to fund each such ERISA Plan) did not, as of the respective annual valuation dates for the most recently ended plan year of each such ERISA Plan,
exceed the Threshold Amount. 
 7.09. Environmental and Other Laws. Except as disclosed in the Disclosure Schedule,
Restricted Persons are conducting their businesses in material compliance with all applicable Laws, including Environmental Laws, and have and are in compliance with all licenses and permits required under any such Laws, unless failure to so comply
would not reasonably be expected to have a Material Adverse Effect; none of the operations or properties of any Restricted Person is the subject of federal, state or local investigation evaluating whether any material remedial action is needed to
respond to a release of any Hazardous Materials into the environment or to the improper storage or disposal (including storage or disposal at offsite locations) of any Hazardous Materials, unless such remedial action would not reasonably be expected
to have a Material Adverse Effect; and no Restricted Person (and to the best knowledge of Borrowers, no other Person) has filed any notice under any Law indicating that any Restricted Person is responsible for the improper release into the
environment, or the improper storage or disposal, of any material amount of any Hazardous Materials or that any Hazardous Materials have been improperly released, or are improperly stored or disposed of, upon any property of any Restricted Person,
unless such failure to so comply would not reasonably be expected to have a Material Adverse Effect. 

  
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 7.10. Material Subsidiaries. As of the date hereof, U.S. Borrower does not have any
Material Subsidiary except those listed in the Disclosure Schedule, and U.S. Borrower owns, directly or indirectly, the equity interest in each of its Material Subsidiaries which is indicated in the Disclosure Schedule. 

7.11. Use of Proceeds; Margin Stock. The proceeds of the Credit Extensions will be used for general corporate purposes of the
Borrowers and their Subsidiaries and not in contravention of any Law or of any Loan Document. No Borrower is engaged or will engage, principally or as one of its important activities, in extending credit for the purpose of purchasing or carrying
margin stock (within the meaning of Reg U). 
 7.12. Government Regulation. No Restricted Person owing Obligations is or
is required to be registered as an “investment company” under the Investment Company Act of 1940. 
 7.13.
Solvency. Upon giving effect to the issuance of the Notes, the execution of each Loan Document by each Borrower and the consummation of the transactions contemplated hereby, each Borrower will be solvent (as such term is used in applicable
bankruptcy, liquidation, receivership, insolvency or similar Laws). 
 7.14. No Material Adverse Effect. As of the
Closing Date, there has been no event or circumstance since the date of the Audited Financial Statements that has had or would be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect. 

7.15. OFAC. No Borrower or Subsidiary of any Borrower (i) is currently the target of any Sanctions, or (ii) is
located, organized or residing in any Designated Jurisdiction. To each Borrower’s knowledge, each Borrower is in compliance in all material respects with the Sanctions. To each Borrower’s knowledge, no Loan, nor the proceeds from any Loan,
has been used, directly or indirectly, to lend, contribute, provide or be otherwise made available (i) to fund any activity or business in any Designated Jurisdiction or that would cause a violation of the Sanctions, or (ii) to any Person
on the SDN List. 
 ARTICLE 8. 
 AFFIRMATIVE COVENANTS 
 So long as any Lender shall have any Commitment
hereunder or any Loan or interest thereon or fee owed hereunder shall remain unpaid or unsatisfied, or any Letter of Credit or L/C Obligation shall remain outstanding, each Canadian Borrower shall and the U.S. Borrower shall, and shall cause each
applicable Restricted Subsidiary to, comply with the following covenants: 
 8.01. Payment and Performance. Each Borrower
will pay all amounts due and payable by such Borrower under the Loan Documents in accordance with the terms thereof and will observe, perform and comply with every covenant and term in the Loan Documents applicable to it. The U.S. Borrower will
cause each other Restricted Person to observe, perform and comply with every such term and covenant in any Loan Document applicable to it. 
 8.02. Books, Financial Statements and Reports. Each Restricted Person will at all times maintain full and accurate books of account and records. The U.S. Borrower will furnish the following
statements and reports to Administrative Agent at the U.S. Borrower’s expense: 

  
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 (a) Within five (5) Business Days of being filed with the SEC, and in any event within
ninety (90) days after the end of each Fiscal Year, complete consolidated financial statements of the U.S. Borrower together with all notes thereto, prepared in reasonable detail in accordance with GAAP, together with an unqualified opinion,
based on an audit using generally accepted auditing standards, by KPMG, or other independent certified public accountants selected by the U.S. Borrower and reasonably acceptable to Administrative Agent, stating that such consolidated financial
statements have been so prepared. These financial statements shall contain a consolidated balance sheet as of the end of such Fiscal Year and consolidated statements of earnings, of cash flows, and of changes in owners’ equity for such Fiscal
Year, each setting forth in comparative form the corresponding figures for the preceding Fiscal Year. In addition, together with each such set of financial statements, the U.S. Borrower will furnish to Administrative Agent a Compliance Certificate
signed by a Responsible Officer of the U.S. Borrower, stating that such financial statements are accurate and complete, stating that such Person has reviewed or caused to be reviewed the Loan Documents, containing all calculations required to be
made to show compliance or non-compliance with the provisions of Section 9.08 at the end of such Fiscal Quarter, and further stating that to such Person’s best knowledge there is no condition or event at the end of such
Fiscal Year or at the time of such certificate which constitutes a Default or, if a Default exists, specifying the nature and period of existence of any such condition or event. 

(b) Within five (5) Business Days of being filed with the SEC, and in any event within forty-five (45) days after the end of
each Fiscal Quarter, beginning with the Fiscal Quarter ending on September 30, 2012, the U.S. Borrower’s consolidated and consolidating balance sheet and income statement as of the end of such Fiscal Quarter and a consolidated statement of
cash flows for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter, all in reasonable detail and prepared in accordance with GAAP, subject to changes resulting from normal year-end adjustments. In addition
the U.S. Borrower will, together with each such set of financial statements, furnish a Compliance Certificate signed by a Responsible Officer of the U.S. Borrower stating that such financial statements are accurate and complete (subject to normal
year-end adjustments), stating that such Person has reviewed or caused to be reviewed the Loan Documents, containing all calculations required to be made by the U.S. Borrower to show compliance or non-compliance with the provisions of
Section 9.08 and further stating that to such Person’s best knowledge there is no condition or event at the end of such Fiscal Quarter or at the time of such certificate which constitutes a Default or if a Default exists,
specifying the nature and period of existence of any such condition or event. 
 (c) Promptly upon their becoming available,
copies of all financial statements, reports, notices and proxy statements sent by the U.S. Borrower to its stockholders and all registration statements, periodic reports and other statements and schedules filed by the U.S. Borrower with any
securities exchange, the SEC or any similar Governmental Authority, including any information or estimates with respect to the U.S. Borrower’s oil and gas business (including its exploration, development and production activities) which are
required to be furnished in the U.S. Borrower’s annual report pursuant to Sections 13 or 15(d) of the Securities Exchange Act of 1934, as amended. 
 Documents required to be delivered pursuant to this Section 8.02 (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered
electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on which the U.S. Borrower posts such documents, or provides a link thereto on the U.S. Borrower’s website on the Internet at the website address
listed on Schedule 12.02; or (ii) on which such documents are posted on the U.S. Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a
commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) the U.S. Borrower shall deliver paper copies of such documents to the Administrative Agent or any Lender that requests the U.S.
Borrower to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the U.S. 

  
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 Borrower shall notify (which may be by facsimile or electronic mail) the Administrative Agent and each
Lender of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. Notwithstanding anything contained herein, in every instance the U.S. Borrower
shall be required to provide paper copies of the Compliance Certificates required by this Section 8.02 to the Administrative Agent. Except for such Compliance Certificates, the Administrative Agent shall have no obligation to
request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the U.S. Borrower with any such request for delivery, and each Lender shall be solely responsible
for requesting delivery to it or maintaining its copies of such documents. 
 Each Borrower hereby acknowledges that
(a) the Administrative Agent and/or the Joint Lead Arrangers may make available to the Lenders and the L/C Issuers materials and/or information provided by or on behalf of such Borrower hereunder (collectively, “Borrower
Materials”) by posting the Borrower Materials on Debt Domain, IntraLinks, Syndtrak or another similar electronic system (the “Platform”) and (b) certain of the Lenders (each, a “Public
Lender”) may have personnel who do not wish to receive material non-public information with respect to such Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other
market related activities with respect to such Person’s securities. Each Borrower hereby agrees that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked
“PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” such
Borrower shall be deemed to have authorized the Administrative Agent, the Joint Lead Arrangers, the L/C Issuers and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to such Borrower or
its securities for purposes of United States Federal and state securities laws or similar Canadian laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in
Section 12.10); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Investor;” and (z) the
Administrative Agent and the Joint Lead Arrangers shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated
“Public Investor.” Notwithstanding any provision or implication herein to the contrary, no Borrower shall be under any obligation to mark any Borrower Materials “PUBLIC”. 

The Borrowers shall be deemed to have satisfied their respective obligations hereunder to provide notices and information to the Lenders
by providing such notices and information to the Administrative Agent for distribution to the Lenders. 
 8.03. Other
Information and Inspections. Each Restricted Person will furnish to each Lender any information which Administrative Agent may from time to time reasonably request concerning any covenant, provision or condition of the Loan Documents or any
matter in connection with such Persons’ businesses and operations. Each Restricted Person will permit representatives appointed by Administrative Agent (including independent accountants, auditors, agents, and attorneys) to visit and inspect
upon prior written notice during normal business hours, at the Administrative Agent’s expense (except during the continuance of an Event of Default), any of such Restricted Person’s property, including its books of account, other books and
records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and each Restricted Person shall permit
Administrative Agent or its representatives to investigate and verify the accuracy of the information furnished to Administrative Agent or any Lender in connection with the Loan Documents and to discuss all such matters with its officers, employees
and representatives; provided that unless an Event of Default shall have occurred and be continuing, inspections of facilities and business assets (other than books and records) shall occur no more frequently than twice per calendar year.

  
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 8.04. Notice of Material Events. Each Borrower will promptly notify each Lender in
writing, stating that such notice is being given pursuant to this Agreement, of: 
 (a) the occurrence of any event which would
have a Material Adverse Effect; 
 (b) the occurrence of any Default; 

(c) the acceleration of the maturity of any Indebtedness for borrowed money owed by any Restricted Person having a principal balance of
more than U.S. $150,000,000, or of any default by any Restricted Person under any indenture, mortgage, agreement, contract or other instrument to which any of them is a party or by which any of them or any of their properties is bound, if such
default would have a Material Adverse Effect; 
 (d) the occurrence of any Termination Event which could reasonably be expected
to cause (i) the total amount of withdrawal liability that would be incurred by all ERISA Affiliates upon their complete withdrawal from all Multiemployer Plans to exceed the Threshold Amount, or (ii) the aggregate amount of unfunded
liabilities with respect to ERISA Plans to exceed the Threshold Amount; 
 (e) any claim that has a reasonable possibility of
resulting in liability equal to or greater than the Threshold Amount, any notice under any Environmental Laws that has a reasonable possibility of resulting in liability which exceeds such amount, or any other material adverse claim asserted against
any Restricted Person or with respect to any Restricted Person’s properties; 
 (f) the filing of any suit or proceeding
against any Restricted Person which might reasonably be expected to have a Material Adverse Effect; 
 (g) any announcement by
Moody’s or S&P of any change in the Debt Rating; and 
 (h) any change in its Fiscal Year. 

8.05. Maintenance of Properties. Each Restricted Person will maintain, preserve, protect, and keep all property used or useful in
the conduct of its business in good condition, and will from time to time make all repairs, renewals and replacements needed to enable the business and operations carried on in connection therewith to be promptly and advantageously conducted at all
times except to the extent failure to do so would not reasonably be expected to have a Material Adverse Effect. 
 8.06.
Maintenance of Existence and Qualifications. Subject to Section 9.03 and Section 9.04, each Borrower will maintain and preserve its existence; each other Restricted Person will maintain and preserve its
existence except to the extent the failure to do so would not reasonably be expected to result in a Material Adverse Effect; and each Restricted Person will maintain its rights and franchises in full force and effect except to the extent the failure
to do so would not reasonably be expected to result in a Material Adverse Effect and will qualify to do business in all states or jurisdictions where the failure so to qualify will have a Material Adverse Effect. 

8.07. Payment of Taxes, etc. Each Restricted Person will timely file all required tax returns; timely pay all taxes, assessments,
and other governmental charges or levies imposed upon it or upon its income, profits or property; and maintain appropriate accruals and reserves for all of the foregoing in accordance with GAAP. Each Restricted Person may, however, delay paying or
discharging any of the foregoing so long as (i) it is in good faith contesting the validity thereof by appropriate proceedings and has set aside on its books adequate reserves therefor, or (ii) the failure to pay or discharge such tax (or
file any return with respect thereto) would not reasonably be expected to result in a Lien that would violate Section 9.02. 

  
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 8.08. Insurance. Each Restricted Person will keep or cause to be kept insured in
accordance with industry standards by financially sound and reputable insurers, its surface equipment and other property of a character usually insured by similar Persons engaged in the same or similar businesses. 

8.09. Compliance with Law. Each Restricted Person will conduct its business and affairs in compliance with all Laws applicable
thereto except to the extent failure to do so would not reasonably be expected to have a Material Adverse Effect. 
 8.10.
Environmental Matters. 
 (a) Each Restricted Person will comply in all material respects with all Environmental Laws now or
hereafter applicable to such Restricted Person, as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters, and shall obtain, at or prior to the time required by applicable
Environmental Laws, all environmental, health and safety permits, licenses and other authorizations necessary for its operations and will maintain such authorizations in full force and effect, unless such failure to so comply would not reasonably be
expected to have a Material Adverse Effect. 
 (b) Each Borrower will promptly furnish to Administrative Agent all written
notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings received by such Borrower, or of which it has notice, pending or threatened against any Restricted Person, by any Governmental Authority
with respect to any alleged violation of or non-compliance with any Environmental Laws or any permits, licenses or authorizations in connection with its ownership or use of its properties or the operation of its business which has a reasonable
possibility of resulting in a liability or claim in excess of the Threshold Amount. 
 8.11. Use of Proceeds. Each
Borrower shall use the proceeds of the Credit Extensions for general corporate purposes not in contravention of any Law or of any Loan Document. If proceeds of the Credit Extensions are used for a purpose which is governed by Reg U, Borrowers shall
comply with Reg U in all respects. 
 8.12. Additional Guarantors. At its option, the U.S. Borrower may designate any
Domestic Subsidiary as a Guarantor by giving the Administrative Agent revocable written notice thereof, and promptly after such notification (and in any event within ten (10) Business Days), cause such Domestic Subsidiary to (a) become a
Guarantor by executing and delivering to the Administrative Agent a guaranty substantially in the form of the U.S. Guaranty or such other document as the Administrative Agent shall deem appropriate for such purpose, and (b) deliver to the
Administrative Agent, with respect to such Guarantor, documents of the types referred to in clauses (iii) and (iv) of Section 6.01(a) and favorable opinions of counsel to such Person (which
shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to in the preceding clause (a)), all in form, content and scope reasonably satisfactory to the Administrative
Agent. 
 ARTICLE 9. 
 NEGATIVE COVENANTS OF BORROWERS 
 So long as any Lender shall have any
Commitment hereunder, any Loan or interest thereon or any fee hereunder shall remain unpaid or unsatisfied, or any Letter of Credit or L/C Obligation shall remain outstanding, the U.S. Borrower shall not, nor shall it permit any Restricted
Subsidiary to, directly or indirectly: 

  
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 9.01. Indebtedness. No Restricted Subsidiary will in any manner owe or be liable for
Indebtedness except: 
 (a) the Obligations; 
 (b) capital lease obligations (excluding oil, gas or mineral leases) entered into in the ordinary course of such Restricted Subsidiary’s business in arm’s length transactions on market terms
(including rate) and conditions in all respects, provided that such capital lease obligations required to be paid in any Fiscal Year do not in the aggregate exceed U.S. $100,000,000 for all Restricted Subsidiaries; 

(c) unsecured Indebtedness owed among the U.S. Borrower and its Subsidiaries, excluding any Indebtedness owed by a Restricted Subsidiary
to an Unrestricted Subsidiary that has been transferred, assigned or pledged to a Person other than the U.S. Borrower or a Subsidiary of the U.S. Borrower; provided that Indebtedness owed by any such Subsidiary (other than Canadian Borrowers)
to the U.S. Borrower may be secured by any and all assets of such Subsidiary; 
 (d) guaranties by one Restricted Subsidiary of
liabilities owed by another Restricted Person, if such liabilities either are not Indebtedness or are allowed under subsections (a), (b) or (c) of this Section 9.01; 

(e) Indebtedness of the Restricted Subsidiaries for plugging and abandonment bonds or for letters of credit issued in place thereof which
are required by regulatory authorities in the area of operations, and Indebtedness of the Restricted Subsidiaries for other bonds or letters of credit which are required by such regulatory authorities with respect to other normal oil and gas
operations; 
 (f) non-recourse Indebtedness as to which no Restricted Person provides any guaranty or credit support of any kind
(including any undertaking, guarantee, indemnity, agreement or instrument that would constitute Indebtedness) or is directly or indirectly liable (as a guarantor or otherwise); provided, that after giving effect to such Indebtedness
outstanding from time to time, the U.S. Borrower is not in violation of Section 9.08; 
 (g) Indebtedness of a
Canadian Borrower or Guarantor that is subordinated to the Obligations of such Canadian Borrower or Guarantor on terms which, in the reasonable opinion of the Administrative Agent, are customary for such Indebtedness or are otherwise acceptable;

 (h) Acquired Debt; 
 (i) Indebtedness under Swap Contracts; 
 (j) Indebtedness relating to the surety
bond and letter of credit obligations (including replacements thereof) listed on the Disclosure Schedule and Indebtedness relating to the undrawn amount of surety bonds and letters of credit (exclusive of the surety bonds and letter of credit
obligations listed on the Disclosure Schedule and replacements thereof) incurred in the ordinary course of business not to exceed 2% of Consolidated Assets at any time; 
 (k) Indebtedness owed by Devon Financing LLC, including Indebtedness of Devon Financing LLC with respect to guaranties of Indebtedness of the U.S. Borrower, to the extent the U.S. Borrower is in
compliance with the terms of Section 9.08 at the time such guaranties are executed and 

  
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 delivered, provided that the Devon Financing LLC Guaranty remains valid, binding and enforceable
obligations of Devon Financing LLC or, if the Devon Financing LLC Guaranty has been terminated, a replacement guaranty agreement on the same terms is executed by Devon Financing LLC and delivered to Administrative Agent, pursuant to this Agreement
(along with documents with respect to Devon Financing LLC similar to those specified in clauses (iii) and (iv) of Section 6.01(a)); 

(l) Indebtedness outstanding on the Closing Date or thereafter incurred pursuant to funding commitments in existence on the Closing Date
and listed in the Disclosure Schedule, as the same may be amended, supplemented or modified from time to time or extended, renewed, restructured, refinanced or replaced, so long as no Restricted Subsidiary increases (except for the purpose of paying
any prepayment premium or any fees and expenses incurred in connection with such extension, renewal, restructuring, refinancing or replacement) the aggregate principal amount thereof for which such Restricted Subsidiary (or any other Restricted
Subsidiary) is then or may thereafter become liable; 
 (m) Indebtedness of Restricted Subsidiaries that are Guarantors to the
extent the U.S. Borrower is in compliance with the terms of Section 9.08 at the time such Indebtedness is incurred; 
 (n) Indebtedness of the Restricted Subsidiaries owed to a Guarantor arising under securities purchase or repurchase agreements between such Persons, which relate to securities evidencing equity interests
in the Subsidiaries; and 
 (o) miscellaneous items of Indebtedness of all Restricted Subsidiaries not otherwise permitted in
subsections (a) through (o) which do not exceed at any one time an aggregate outstanding amount equal to the greater of U.S. $800,000,000 and five percent (5%) of Consolidated Net Worth determined as of the
end of the most recent Fiscal Quarter. 
 9.02. Limitation on Liens. Except for Permitted Liens, no Restricted Person
will create, assume or permit to exist any Lien upon any of the properties or assets which it now owns or hereafter acquires. 

9.03. Fundamental Changes. The U.S. Borrower shall not liquidate or dissolve, consolidate with or merge or amalgamate with or into
any other Person or convey, transfer or lease its properties and assets substantially as an entirety unless: 

(a)  (i) in the case of a merger or amalgamation, the U.S. Borrower is the surviving entity; or 

(ii) the Person formed by such consolidation or into which the U.S. Borrower is merged or the Person which acquires by
conveyance or transfer, or which leases, the properties and assets of the U.S. Borrower substantially as an entirety shall be a corporation, partnership, limited liability company or trust, shall (x) be organized and existing under the laws of
the United States of America, any state thereof or the District of Columbia, (y) (A) have non-credit enhanced, senior unsecured long-term Indebtedness rated “investment grade” by S&P or Moody’s (or, in the event the U.S.
Borrower did not have non-credit enhanced, senior unsecured long-term Indebtedness rated “investment grade” by S&P or Moody’s immediately preceding such transaction, such Person shall have non-credit enhanced, senior unsecured
long-term Indebtedness that is not rated lower by S&P or Moody’s than S&P’s or Moody’s ratings, respectively, of the U.S. Borrower’s non-credit enhanced, senior unsecured long-term Indebtedness immediately preceding such
transaction), or (B) (1) have been formed solely for the purpose of effecting a change in the domicile of the U.S. Borrower by merger and (2) after giving effect to such merger, satisfy the requirements of clause (y)(A),
and (z) expressly assume, by an agreement 

  
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 supplemental hereto, executed and delivered to the Administrative Agent, in form reasonably
satisfactory to the Administrative Agent, the obligations of the U.S. Borrower hereunder, including the due and punctual payment of the principal of and interest on all the U.S. Loans, the U.S. L/C Obligations, the Canadian Guaranty and the
performance of every covenant of this Agreement on the part of the U.S. Borrower to be performed or observed; and 
 (b)
immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing. 

9.04. Fundamental Changes of Canadian Borrowers. No Canadian Borrower shall liquidate or dissolve, consolidate with or merge or
amalgamate with or into any other Person or convey, transfer or lease its properties and assets substantially as an entirety unless: 
 (a) (i) in the case of a merger or amalgamation, a Canadian Borrower is the surviving or continuing entity; or 
 (ii) all Canadian Obligations of such Canadian Borrower shall have been paid in full and the obligations of the Canadian Lenders to make Canadian Credit Extensions to such Canadian Borrower shall have
been terminated; or 
 (iii) the Person formed by such consolidation or the Person continuing from such merger or
amalgamation of such Canadian Borrower or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of such Canadian Borrower substantially as an entirety shall be a corporation, unlimited company, partnership
or trust, shall be organized and existing under the laws of Canada or any province thereof, and shall assume by operation of law or expressly assume, by an agreement supplemental hereto, executed and delivered to the Administrative Agent, in form
reasonably satisfactory to the Administrative Agent, the Canadian Obligations of such Canadian Borrower, including the due and punctual payment of the principal of and interest on all of the Canadian Loans and all Canadian LC Obligations and the
performance of every covenant of this Agreement on the part of such Canadian Borrower to be performed or observed and the U.S. Borrower shall confirm that its Canadian Guaranty covers such obligations (it being understood that such Canadian Borrower
may liquidate or dissolve in connection with a conveyance, transfer or lease of its property and assets which complies with the foregoing requirements of this clause (a)(iii)); and 

(b) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing. 

9.05. Transactions with Affiliates. No Restricted Person will engage in any material transaction with any of its Affiliates on
terms which are less favorable in any material respect to it than those which would have been obtainable at the time in arm’s-length dealing with Persons other than such Affiliates, provided that such restriction shall not apply to
transactions among the U.S. Borrower and its Subsidiaries (including such transactions among such Subsidiaries). 
 9.06.
Sanctions . Knowingly permit any Loan or the proceeds of any Loan, directly or indirectly, to be lent, contributed or otherwise made available (i) to fund any activity or business in any Designated Jurisdiction or that would cause a
violation of the Sanctions or (ii) to any Person on the SDN List. 
 9.07. Prohibited Contracts. Except as expressly
provided in the Loan Documents and documents and instruments evidencing or governing Acquired Debt, no Restricted Person will, directly or 

  
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 indirectly, enter into any Contractual Obligation (other than this Agreement or any other Loan Document)
that limits the ability of any Subsidiary to make Restricted Payments to such Borrower or otherwise to transfer property to such Borrower, other than any limitation which would not be reasonably expected to materially impair the ability of the U.S.
Borrower to perform its, or the Canadian Borrowers taken as a whole (and taking into account the U.S. Borrower Guaranty) to perform their, monetary obligations hereunder. 
 9.08. Funded Debt to Total Capitalization. The ratio of the U.S. Borrower’s Consolidated Total Funded Debt to the U.S. Borrower’s Total Capitalization will not exceed sixty-five percent
(65%) at the end of any Fiscal Quarter. 
 ARTICLE 10. 

EVENTS OF DEFAULT AND REMEDIES 
 10.01. Events of Default. Each of the following events constitutes an Event of Default under this Agreement: 
 (a) Any Borrower or any Guarantor fails to pay any principal component of any Obligation payable by it when due and payable or fails to pay any interest thereon or fee payable by it within three
(3) Business Days after the date when due and payable or fails to pay any other Obligation within ten (10) Business Days after the date when due and payable, whether at a date for the payment of a fixed installment or as a contingent or
other payment becomes due and payable or as a result of acceleration or otherwise; 
 (b) Any “default” or “event
of default” occurs under any Loan Document which defines either such term, and the same is not remedied within the applicable period of grace (if any) provided in such Loan Document; 

(c) Any Restricted Person fails (other than as referred to in subsections (a) or (b) above) to
(i) duly comply with Section 8.11 of this Agreement or (ii) duly observe, perform or comply with any other covenant, agreement, condition or provision of any Loan Document, and such failure remains unremedied for a
period of thirty (30) days after notice of such failure is given by Administrative Agent to the U.S. Borrower; 
 (d) Any
representation or warranty previously, presently or hereafter made in writing by or on behalf of any Restricted Person (i) in any Loan Document, any Request for Credit Extension or the most recent Compliance Certificate delivered to
Administrative Agent, or (ii) in any other document furnished at any time under or in connection herewith or therewith that specifically states therein that such representations and warranties are being made for the benefit of the Lenders and
the Administrative Agent, shall (in the case of any representation or warranty described in clause (i) or (ii) immediately preceding) prove to have been false or incorrect in any material respect on any date on
or as of which made, provided that if such falsity or lack of correctness is capable of being remedied or cured within a 30-day period, the U.S. Borrower shall (subject to the other provisions of this Section 10.01) have a
period of 30 days after written notice thereof has been given to the U.S. Borrower by Administrative Agent within which to remedy or cure such falsity or lack of correctness; or this Agreement, any Note, or Guaranty executed by any Guarantor is
asserted to be or at any time ceases to be valid, binding and enforceable in any material respect as warranted in Section 7.05 for any reason other than its release or subordination by Administrative Agent; 

  
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 (e) Any Restricted Person (i) fails to duly pay any Indebtedness in an aggregate amount
in excess of U.S. $150,000,000 constituting principal or interest owed by it with respect to borrowed money or money otherwise owed under any note, bond, or similar instrument, or (ii) breaches or defaults in the performance of any agreement or
instrument by which any such Indebtedness is issued, evidenced, governed, or secured, other than a breach or default described in clause (i) above, and any such failure, breach or default under this clause
(ii) results in the acceleration of such Indebtedness; provided that notwithstanding any provision of this subsection (e) to the contrary, to the extent that the terms of any such agreement or instrument governing the
sale, pledge or disposal of Margin Stock or utilization of the proceeds of such Indebtedness in connection therewith would result in such acceleration and in a Default or an Event of Default under this Agreement, and would cause this Agreement or
any U.S. Loan to be subject to the margin requirements or any other restriction under Reg U, then such acceleration shall not constitute a Default or Event of Default under this subsection (e); 

(f) Either of the following occurs: (i) a Termination Event occurs and the total amount of withdrawal liability that would be
incurred by all ERISA Affiliates upon their complete withdrawal from all Multiemployer Plans would reasonably be expected to exceed the Threshold Amount, or (ii) a Termination Event occurs and the total present value of all unfunded benefit
liabilities within the meaning of Title IV of ERISA of all ERISA Plans (based upon the actuarial assumptions used to fund each such Plan) would reasonably be expected to exceed the Threshold Amount; 

(g) Any Change of Control occurs; 
 (h) Any Borrower, any Guarantor or any other Restricted Person having assets with a book value equal to or greater than the Threshold Amount: 

(i) institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for
the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, trustee,
custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for 60 calendar days; or any proceeding under any Debtor
Relief Law relating to any such Person or to all or any material part of its property having a book value equal to or greater than the Threshold Amount is instituted without the consent of such Person and continues undismissed or unstayed for 60
calendar days, or an order for relief is entered in any such proceeding; or 
 (ii) becomes unable or admits in
writing its inability or fails generally to pay its debts as they become due; or 
 (iii) suffers a writ or
warrant of attachment or similar process to be issued by any Governmental Authority against all or any part of its property having a book value equal to or greater than the Threshold Amount, and such writ or warrant of attachment or any similar
process is not stayed or released within 30 days after the entry or levy thereof or after any stay is vacated or set aside; or 
 (iv) there is entered against any such Person a final judgment or order for the payment of money in an aggregate amount that exceeds (x) the valid and collectible insurance in respect thereof or
(y) the amount of an indemnity with respect thereto reasonably acceptable to the Required Lenders by the Threshold Amount or more, unless the same is discharged within thirty days after the date of entry thereof or an appeal or appropriate
proceeding for review thereof is taken within such period and a stay of execution pending such appeal is obtained. 

  
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 10.02. Remedies Upon Event of Default. If any Event of Default occurs and is
continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 
 (a) declare the commitment of each Lender to make Loans or accept Bankers’ Acceptances and any obligation of each L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments
and obligation shall be terminated; 
 (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and
unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by each
Borrower; 
 (c) require that the applicable Borrower Cash Collateralize the L/C Obligations and Bankers’ Acceptances issued
or owing by it (in an amount equal to the then Outstanding Amount thereof); and 
 (d) exercise on behalf of itself and the
Lenders all rights and remedies available to it and the Lenders under the Loan Documents or applicable Law; 
 provided however,
that upon the occurrence of an actual or deemed entry of an order for relief with respect to the U.S. Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans or accept Bankers’ Acceptances and any
obligation of any L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the
obligation of the applicable Borrower to Cash Collateralize the L/C Obligations and Bankers’ Acceptances issued or owing by it as aforesaid shall automatically become effective, in each case without further act of the Administrative Agent or
any Lender; and provided further that upon the occurrence of an actual or deemed entry of an order for relief with respect to any Canadian Borrower under the applicable Debtor Relief Laws, the obligation of each Canadian Lender to make
Canadian Loans or accept Bankers’ Acceptances and any obligation of the Canadian L/C Issuers to make Canadian L/C Credit Extensions to such Canadian Borrower shall automatically terminate, the unpaid principal amount of all outstanding Canadian
Borrowings and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of such Canadian Borrower to Cash Collateralize the Canadian L/C Obligations and Bankers’ Acceptances issued or owing by
it as aforesaid shall automatically become effective, in each case without further act of the Administrative Agent or any Canadian Lender. 
 10.03. Application of Funds Received from the Canadian Borrowers. After the exercise of remedies provided for in Section 10.02 (or after the Loans have automatically become
immediately due and payable and the Canadian L/C Obligations and Bankers’ Acceptances have automatically been required to be Cash Collateralized as set forth in the proviso to Section 10.02), any amounts received on account
of the Canadian Obligations shall be applied by the Administrative Agent in the following order: 
 First, to payment of
that portion of the Canadian Obligations constituting fees, indemnities, expenses and other amounts (including Attorney Costs and amounts payable under Article 5) payable to the Administrative Agent in its capacity as such;

 Second, to payment of that portion of the Canadian Obligations constituting fees, indemnities and other amounts (other
than principal and interest) payable to the Canadian Lenders (including Attorney Costs and amounts payable under Article 5), ratably among them in proportion to the amounts described in this clause Second payable to them;

  
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 Third, to payment of that portion of the Canadian Obligations constituting accrued
and unpaid interest on the Canadian Loans and Canadian L/C Borrowings, ratably among the Canadian Lenders in proportion to the respective amounts described in this clause Third payable to them; 

Fourth, to payment of that portion of the Canadian Obligations constituting unpaid principal of the Canadian Loans and Canadian L/C
Borrowings, ratably among the Canadian Lenders in proportion to the respective amounts described in this clause Fourth held by them; 
 Fifth, to the Administrative Agent for the account of the Canadian Lenders to Cash Collateralize the outstanding Bankers’ Acceptances; and 

Sixth, to the Administrative Agent for the account of the Canadian L/C Issuers, to Cash Collateralize that portion of Canadian L/C
Obligations comprised of the aggregate undrawn amount of Canadian Letters of Credit; 
 Last, the balance, if any, after
all of the Canadian Obligations have been paid in full, to the Canadian Borrowers or as otherwise required by Law. 
 Amounts used to Cash
Collateralize the outstanding Bankers’ Acceptances pursuant to clause Fifth above shall be applied to satisfy all Obligations with respect to such Bankers’ Acceptances as they mature and, if any amount remains on deposit as Cash
Collateral pursuant to clause Fifth above after all Bankers’ Acceptances have matured (and all Obligations with respect thereto have been paid), such remaining amount shall be applied to the other Canadian Obligations, if any, in the
order set forth above. Subject to Section 3.04(c), amounts used to Cash Collateralize the aggregate undrawn amount of Canadian Letters of Credit pursuant to clause Sixth above shall be applied to satisfy reimbursement
obligations with respect to drawings under such Canadian Letters of Credit as they occur and, if any amount remains on deposit as Cash Collateral pursuant to clause Sixth above after all Canadian Letters of Credit have been fully drawn or
expired (and all Obligations with respect thereto have been paid), such remaining amount shall be applied to the other Canadian Obligations, if any, in the order set forth above. 

10.04. Application of Funds Received from the U.S. Borrower. After the exercise of remedies provided for in
Section 10.02 (or after the Loans have automatically become immediately due and payable and the U.S. L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to
Section 10.02), any amounts received on account of the U.S. Obligations and on account of the Canadian Obligations under the U.S. Borrower Guaranty shall be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including Attorney
Costs and amounts payable under Article 5) payable to the Administrative Agent in its capacity as such; 

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and
interest) payable to the Lenders (including Attorney Costs and amounts payable under Article 5), ratably among them in proportion to the amounts described in this clause Second payable to them; 

Third, to payment of that portion of the Obligations constituting accrued and unpaid interest on the U.S. Loans, Canadian Loans and
L/C Borrowings, ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to them; 

  
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 Fourth, to payment of that portion of the Obligations constituting unpaid principal
of the U.S. Loans, Canadian Loans and L/C Borrowings, ratably among the Lenders in proportion to the respective amounts described in this clause Fourth held by them; 
 Fifth, (i) to the Administrative Agent for the account of the U.S. L/C Issuers, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of U.S. Letters
of Credit, (ii) to the Administrative Agent for the account of the Canadian Lenders to Cash Collateralize the outstanding Bankers’ Acceptances, and (iii) to the Administrative Agent for the account of the Canadian L/C Issuers, to Cash
Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Canadian Letters of Credit, ratably among the obligations described in the foregoing clauses (i), (ii) and
(iii), in proportion to the respective amounts described in this clause Fifth; and 
 Last, the
balance, if any, after all of the Obligations have been paid in full, to the U.S. Borrower or as otherwise required by Law. 
 Subject to
Section 2.04(c), amounts used to Cash Collateralize the aggregate undrawn amount of U.S. Letters of Credit pursuant to clause Fifth above shall be applied to satisfy reimbursement obligations with respect to drawings under
such U.S. Letters of Credit as they occur; amounts used to Cash Collateralize the aggregate undrawn amount of Canadian Letters of Credit pursuant to clause Fifth above shall be applied to satisfy reimbursement obligations with respect to
drawings under such Canadian Letters of Credit as they occur; and amounts used to Cash Collateralize outstanding Bankers’ Acceptances shall be applied to satisfy Obligations with respect to amounts paid pursuant to such Bankers’
Acceptances. If any amount held as Cash Collateral for U.S. Letters of Credit remains on deposit as Cash Collateral after all U.S. Letters of Credit have either been fully drawn or expired (and all Obligations with respect thereto have been paid),
such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. If any amount held as Cash Collateral for Canadian Letters of Credit remains on deposit as Cash Collateral after all Canadian Letters of Credit
have either been fully drawn or expired (and all Obligations with respect thereto have been paid), such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. If any amounts held as Cash Collateral for
Bankers’ Acceptances remains on deposit as Cash Collateral after all Bankers’ Acceptance have matured (and all Obligations with respect thereto have been paid), such remaining amount shall be applied to the other Obligations, if any, in
the order set forth above. 
 Calculation of amounts to be paid to the Administrative Agent and the Lenders pursuant to this
Section 10.04 shall take into account any payments made by the Canadian Borrowers and applied to the Canadian Obligations under Section 10.03. 

10.05. Application of Funds Received under Devon Financing LLC Guaranty. All amounts received by the Administrative Agent or any
Lender under the Devon Financing LLC Guaranty shall be applied to the Obligations in the order provided in Section 10.04. 
 10.06. Separate Obligations. Except as expressly set forth in Sections 4.02 and 12.06, (i) all obligations of Devon NEC and Devon Canada under this Agreement and
the other Loan Documents are separate and individual obligations of Devon NEC and Devon Canada, respectively, and (ii) Devon NEC shall not have any liabilities in respect of Canadian Borrowings made by the Canadian Lenders to Devon Canada or
Canadian Letters of Credit issued for the account of Devon Canada nor shall Devon Canada have any liabilities in respect of Canadian Borrowings made by the Canadian Lenders to Devon NEC or Canadian Letters of Credit issued for the account of Devon
NEC. 

  
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 ARTICLE 11. 
 ADMINISTRATIVE AGENT 
 11.01. Appointment and Authority. Each of the
Lenders and each L/C Issuer hereby irrevocably appoints Bank of America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to
exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the
Administrative Agent, the Lenders and the L/C Issuers, and the Borrowers shall not have rights as third party beneficiaries of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan
Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a
matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 

11.02. Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its
capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise
requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory
capacity for and generally engage in any kind of business with the Borrowers or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

 11.03. Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations except those
expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

 (b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights
and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly
provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is
contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a
Defaulting Lender in violation of any Debtor Relief Law; and 
 (c) shall not, except as expressly set forth herein and in the
other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrowers or any of their respective Affiliates that is communicated to or obtained by the Person serving as the
Administrative Agent or any of its Affiliates in any capacity. 
 The Administrative Agent shall not be liable for any action
taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary,
under the circumstances as provided in Sections 10.02 and 12.01) or (ii) in the absence of its own gross negligence 

  
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 or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable
judgment. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative Agent by a Borrower, a Lender or an L/C Issuer. 

The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any
other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article 6 or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to
the Administrative Agent. 
 11.04. Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely
upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution)
believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the
proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be
fulfilled to the satisfaction of a Lender or an L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or such L/C Issuer unless the Administrative Agent shall have received notice to the contrary from
such Lender or such L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrowers), 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. 
 11.05. Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or
more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory
provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities
provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final
and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 
 11.06. Resignation of Administrative Agent. (a) The Administrative Agent may at any time give notice of its resignation to the Lenders, the L/C Issuers and the Borrowers. Upon receipt of any such
notice of resignation, the Required Lenders shall have the right to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States, which at all times other than
during the existence of an Event of Default shall be selected by the U.S. Borrower in its reasonable discretion in consultation with the Required Lenders. If no such successor shall have been so appointed by the 

  
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 Required Lenders and shall have accepted such appointment within 30 days after the retiring
Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated
to) on behalf of the Lenders and the L/C Issuers, appoint a successor Administrative Agent meeting the qualifications set forth above. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such
notice on the Resignation Effective Date. 
 (b) If the Person serving as Administrative Agent is a Defaulting Lender pursuant to
clause (d) of the definition thereof, the Required Lenders may, to the extent permitted by applicable law, by notice in writing to the Borrowers and such Person remove such Person as Administrative Agent and appoint a successor, which at
all times other than during the existence of an Event of Default shall be selected by the U.S. Borrower in its reasonable discretion in consultation with the Required Lenders. If no such successor shall have been so appointed by the Required Lenders
and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with
such notice on the Removal Effective Date. 
 (c) With effect from the Resignation Effective Date or the Removal Effective Date
(as applicable) (1) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (2) except for any indemnity payments or other amounts then owed to the
retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and each L/C Issuer directly, until such time, if
any, as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the
rights, powers, privileges and duties of the retiring (or removed) Administrative Agent (other than as provided in Section 5.01(g) and other than any rights to indemnity payments or other amounts owed to the retiring or removed
Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan
Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrowers to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the
Borrower and such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article and Section 11.08 shall continue in effect
for the benefit of such retiring or removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was acting
as Administrative Agent. 
 (d) Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also
constitute its resignation as L/C Issuer and Swing Line Lender so long as one or more financial institutions reasonably acceptable to the Borrowers has accepted its appointment as a successor L/C Issuer and/or Swing Line Lender. If Bank of America
resigns as an L/C Issuer, it shall retain all the rights, powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations
with respect thereto, including the right to require the Lenders to make U.S. Base Rate Committed Loans, Canadian Prime Rate Committed Loans or Canadian Base Rate Committed Loans, as applicable, or fund risk participations in Unreimbursed Amounts
pursuant to Sections 2.04(c) and 3.04(c). If Bank of America resigns as a Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made
by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make U.S. Base Rate Committed Loans, Canadian Prime Rate Committed Loans or Canadian Base Rate Committed Loans, as applicable, or fund

  
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 risk participations in outstanding Swing Line Loans pursuant to Sections 2.05(c)
and 3.05(c). Upon the appointment by the Borrowers of a successor L/C Issuer or Swing Line Lender hereunder (which successor shall in all cases be a Lender other than a Defaulting Lender), (a) such successor shall succeed
to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as applicable, (b) the retiring L/C Issuer and Swing Line Lender shall be discharged from all of their respective duties
and obligations hereunder or under the other Loan Documents, and (c) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements
satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such Letters of Credit. 
 11.07. Non-Reliance on Administrative Agent and Other Lenders. Each Lender and L/C Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any
other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and L/C Issuer also acknowledges that it will,
independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in
taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 
 11.08. Indemnification of Administrative Agent, Etc. Whether or not the transactions contemplated hereby are consummated, the Lenders shall indemnify upon demand the Administrative Agent, each L/C
Issuer, each Swing Line Lender or any Related Party of any of the foregoing (each such Person being called an “Agent/Issuer-Related Person”) (to the extent not reimbursed by or on behalf of any Loan Party and without limiting
the obligation of any Loan Party to do so), pro rata, and hold harmless each Agent/Issuer-Related Person from and against any and all Indemnified Liabilities incurred by it, provided, however, that no Lender shall be liable for the
payment to any Agent/Issuer-Related Person of any portion of such Indemnified Liabilities to the extent determined in a final, nonappealable judgment by a court of competent jurisdiction to have resulted from such Agent/Issuer-Related Person’s
own gross negligence or willful misconduct; provided, however, that such Indemnified Liabilities were incurred by or asserted against the Administrative Agent, such Issuing Bank or such Swing Line Lender in its capacity as such,
provided, however, that no action taken by the Administrative Agent in accordance with the directions of the Required Lenders, U.S. Required Lenders, Canadian Required Lenders, or all the Lenders, as applicable, shall be deemed to
constitute gross negligence or willful misconduct for purposes of this Section. Without limitation of the foregoing, each Lender shall reimburse the Administrative Agent upon demand for its ratable share of any costs or out-of-pocket expenses
(including Attorney Costs) incurred by the Administrative Agent 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 rights or responsibilities under, this Agreement, any other Loan Document, or any document contemplated by or referred to herein, to the extent that the Administrative Agent is not reimbursed for such expenses by or on
behalf of the Borrowers. The undertaking in this Section shall survive termination of the Aggregate Commitments, the payment of all other Obligations and the resignation of the Administrative Agent, any L/C Issuer or any Swing Line Lender. As used
in this Section 11.08, “Indemnified Liabilities” means, collectively, “Indemnified Liabilities” as defined in Section 12.05 and Section 12.06.

 11.09. Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency,
liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due
and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the applicable Borrower) shall be entitled and empowered, by intervention in such proceeding or
otherwise 

  
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 (a) to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including
any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under
Sections 2.04(i) and (j), 4.02 and 12.04) allowed in such judicial proceeding; and 
 (b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the
Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and
advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 4.02 and 12.04. 
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or
composition affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 

11.10. Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to
release any Guarantor, other than U.S. Borrower, from its obligations under its Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, (a) the
U.S. Required Lenders will confirm in writing the Administrative Agent’s authority to release any U.S. Guarantor, and (b) the Canadian Required Lenders will confirm in writing Administrative Agent’s authority to release any Canadian
Guarantor (other than U.S. Borrower), from its obligations under the applicable Guaranty pursuant to this Section 11.10. 
 11.11. Arrangers and Managers. None of the Persons identified on the cover page or signature pages of this Agreement as a “book manager”, “joint lead arranger”,
“syndication agent” or “co-documentation agent” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than, in the case of any such Person that is also a Lender or a Canadian
Lender, those applicable to all Lenders or Canadian Lenders, respectively, as such. Without limiting the foregoing, none of the Persons so identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender
acknowledges that it has not relied, and will not rely, on any of the Persons so identified in deciding to enter into this Agreement or in taking or not taking action hereunder. 

ARTICLE 12. 

MISCELLANEOUS 
 12.01. Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other Loan Document (other than the Fee Letters and the Issuer Documents), and no consent to any departure
by any Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrowers and acknowledged by the Administrative Agent, and each 

  
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 such waiver or consent shall be effective only in the specific instance and for the specific purpose for
which given; provided that (x) to the extent an amendment or waiver only affects Article 3 of this Agreement and the definitions in Section 1.01 relating only to Article 3, such
amendment or waiver shall be effective with the written consent of the Canadian Required Lenders and the Borrowers and the acknowledgement of the Administrative Agent, and (y) no such amendment, waiver or consent shall: 

(a) waive any condition set forth in Section 6.01(a) without the written consent of each Lender directly affected
thereby; 
 (b) extend or increase the Commitment or the Canadian Commitment of any Lender (or reinstate any Commitment
terminated pursuant to Section 10.02) without the written consent of such Lender; 
 (c) postpone any date
fixed by this Agreement or any other Loan Document for any payment or mandatory prepayment of principal, interest or fees due to the Lenders (or any of them) or any scheduled or mandatory reduction of the Aggregate Commitments hereunder or under any
other Loan Document without the written consent of each Lender directly affected thereby; 
 (d) reduce the principal of, or the
rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (iv) of the second proviso to this Section 12.01) any fees or other amounts payable hereunder or under any other Loan
Document without the written consent of each Lender directly affected thereby; provided, however, that only the consent of the Required Lenders shall be necessary to waive or amend any obligation of any Borrower to pay interest at the
rate provided herein for past due Obligations; 
 (e) change Section 4.06, Section 10.03,
Section 10.04 or Section 10.05 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender; 

(f) change any provision of this Section or the definition of “Required Lenders” or “Canadian Required
Lenders” or “U.S. Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or
grant any consent hereunder, without the written consent of each Lender, or in the case of the definition of “Canadian Required Lenders”, all Canadian Lenders; 

(g) release Devon Financing LLC from its Guaranty without the written consent of each Lender, unless expressly permitted by the Loan
Documents; or 
 (h) release the U.S. Borrower from the Canadian Guaranty without the written consent of each Canadian Lender;

 and, provided further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the applicable L/C Issuer
in addition to the Lenders required above, affect the rights or duties of any L/C Issuer under this Agreement or any Letter of Credit Application relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or
consent shall, unless in writing and signed by the U.S. Swing Line Lender or Canadian Swing Line Lender in addition to the Lenders required above, affect the rights or duties of the U.S. Swing Line Lender or Canadian Swing Line Lender, as
applicable, under this Agreement; (iii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under
this Agreement or any other Loan Document; and (iv) the Fee Letters may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, no Defaulting
Lender shall have any right to approve or 

  
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 disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its
terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of such Lender may not be increased or extended without
the consent of such Lender, (y) the principal owing to such Lender may not be reduced or the final maturity thereof extended without the consent of such Lender, 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 disproportionately adversely relative to other affected Lenders shall require the consent of such Defaulting Lender. 

12.02. Notices and Other Communications; Facsimile Copies. 

(a) General. Unless otherwise expressly provided herein, all notices and other communications provided for hereunder shall be in
writing and shall be delivered by hand or overnight courier service (including by facsimile transmission). All such written notices shall be mailed certified or registered mail, faxed or delivered to the applicable address, facsimile number or
(subject to subsection (c) below) electronic mail address, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to any Borrower, Administrative Agent, any L/C Issuer, U.S. Swing Line Lender, or Canadian Swing Line Lender, to
the address, facsimile number, electronic mail address or telephone number specified for such Person on Schedule 12.02 or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by
such party in a notice to the other parties; and 
 (ii) if to any other Lender, to the address, facsimile
number, electronic mail address or telephone number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in effect for the
delivery of notices that may contain material non-public information relating to the Borrowers) or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the
Borrowers, the Administrative Agent, L/C Issuers, U.S. Swing Line Lender, and Canadian Swing Line Lender. 
 Notices and other communications
sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by facsimile shall be deemed to have been given when sent (except that, if
not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices and other communications delivered through electronic communications to the
extent provided in subsection (b) below shall be effective as provided in such subsection (b). 

(b) Electronic Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender pursuant to Article 2
or to any Canadian Lender pursuant to Article 3 if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent, any
Swing Line Lender, any L/C Issuer or any Borrower may each, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such
procedures may be limited to particular notices or communications. 

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

(c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO
NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY,
INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRU.S.ES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE
PLATFORM. In no event shall the Administrative Agent or any of the Agent-Related Persons (collectively, the “Agent Parties”), or any other Indemnitee have any liability to the Borrowers, any other Lender, any other L/C Issuer
or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of any transmission of Borrower Materials or other information related to this Agreement or any other Loan
Document through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final judgment to have resulted from the gross negligence or willful misconduct
of such Agent Party; provided, however, that in no event shall any Agent Party or other Indemnitee have any liability to any Borrower any other Lender, any other L/C Issuer or any other Person for indirect, special, incidental,
consequential or punitive damages (as opposed to direct or actual damages). 
 (d) Change of Address, Etc. Each of
the Borrowers, the Administrative Agent, the L/C Issuers and the Swing Line Lenders may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may
change its address, facsimile or telephone number for notices and other communications hereunder by notice to the Borrowers, the Administrative Agent, the L/C Issuers and the Swing Line Lenders. In addition, each Lender agrees to notify the
Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, facsimile number and electronic mail address to which notices and other communications may be
sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or
similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United States Federal and
state securities Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to the U.S. Borrower
or its securities for purposes of United States Federal or state securities laws. 

  
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 (e) Effectiveness of Facsimile Documents and Signatures. Loan Documents may be
transmitted and/or signed by facsimile. The effectiveness of any such documents and signatures shall, subject to applicable Law, have the same force and effect as manually-signed originals and shall be binding on all Loan Parties, the Administrative
Agent and the Lenders. The Administrative Agent may also require that any such documents and signatures be confirmed by a manually-signed original thereof; provided, however, that the failure to request or deliver the same shall not
limit the effectiveness of any facsimile document or signature. 
 (f) Reliance by Administrative Agent and Lenders. The
Administrative Agent and the Lenders shall be entitled to rely and act upon any notices (including telephonic U.S. Committed Loan Notices, Canadian Committed Borrowing Notices, U.S. Swing Line Loan Notices and Canadian Swing Line Loan Notices)
purportedly given by or on behalf of any Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms
thereof, as understood by the recipient, varied from any confirmation thereof. The U.S. Borrower shall indemnify each Agent-Related Person and each Lender, and each Canadian Borrower shall indemnify each Agent-Related Person and each Canadian Lender
from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on its behalf. All telephonic notices to and other communications with the Administrative Agent may be recorded by the
Administrative Agent, and each of the parties hereto hereby consents to such recording. 
 12.03. No Waiver; Cumulative
Remedies; Enforcement. 
 (a) No failure by any Lender or the Administrative Agent to exercise, and no delay by any such
Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or
the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

(b) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies
hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the
Administrative Agent in accordance with Section 10.02 for the benefit of all the Lenders and the L/C Issuers; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising
on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) each L/C Issuer or Swing Line Lenders from exercising the rights and remedies
that inure to its benefit (solely in its capacity as L/C Issuer or Swing Line Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with
Section 12.11 (subject to the terms of Section 4.06), 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; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the
Administrative Agent pursuant to Section 10.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to
Section 4.06, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 

12.04. Attorney Costs and Expenses. The U.S. Borrower agrees (a) to pay or reimburse the Administrative Agent for all
reasonable and documented out-of-pocket costs and expenses incurred in connection with the development, preparation, negotiation and execution of this Agreement and the other Loan Documents and any amendment, waiver, consent or other modification of
the provisions hereof and thereof (whether or not the transactions contemplated hereby or thereby are consummated), and the 

  
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 consummation and administration of the transactions contemplated hereby and thereby, including all Attorney
Costs (but not other costs of legal counsel), and (b) to pay or reimburse the Administrative Agent and each Lender for all reasonable and documented out-of-pocket costs and expenses incurred in connection with the enforcement, attempted
enforcement, or preservation of any rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses incurred during any “workout” or restructuring in respect of the Obligations and during any
legal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney Costs and Workout Attorney Costs (but no other costs of legal counsel). All amounts due under this Section 12.04 shall be payable
within ten Business Days after demand therefor. The agreements in this Section shall survive the termination of the Aggregate Commitments and repayment of all other Obligations. As used in this section, “Workout Attorney
Costs” means all fees, expenses and disbursements of one law firm for JPMorgan, one law firm for all Persons included in the definition of Canadian L/C Issuer if they believe in good faith that separate counsel is necessary, and one
other law firm for the other Lenders, if they deem necessary; provided that if Required Lenders reasonably determine that a conflict of interest exists with respect to any of such law firms, one additional law firm selected by Required
Lenders. 
 12.05. Indemnification by the U.S. Borrower. (a) Whether or not the transactions contemplated hereby are
consummated, the U.S. Borrower shall indemnify and hold harmless the Administrative Agent, each Lender, each Person included in the definition of L/C Issuer and their respective Related Parties (in this section collectively called the
“Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, and reasonable and documented costs, expenses and disbursements (including Attorney
Costs, provided that in the case of an actual or potential conflict of interest the U.S. Borrower shall indemnify each affected Indemnitee for all fees, expenses and disbursements of one U.S. outside counsel and one Canadian outside counsel
for such affected Indemnitee) of any kind or nature whatsoever (other than those that are governed by Sections 5.01, 5.04 or 5.05, in which case those sections shall govern) which may at any time be
imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (a) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement,
letter or instrument delivered in connection with the transactions contemplated thereby, (b) any Commitment, Loan, Letter of Credit or Bankers’ Acceptance accepted by a Lender hereunder or the use or proposed use of the proceeds therefrom
(including any refusal by an L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (c) any actual or alleged
presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by any Borrower, any Subsidiary or any other Loan Party, or any Environmental Liability related in any way to any Borrower, any Subsidiary or
any other Loan Party, or (d) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or
defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”), in all cases,
whether or not caused by or arising, in whole or in part, out of the negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages,
penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements (i) are determined by a court of competent jurisdiction by final judgment to have resulted from the gross negligence or willful misconduct of, or a material
breach of any Loan Document by, such Indemnitee or (ii) arise from any loss asserted against such Indemnitee by another Indemnitee, except (A) in its capacity or in fulfilling its role as Administrative Agent, Joint Lead Arranger or any
similar role under this Agreement or (B) that are caused by a failure of any Loan Party to comply with the terms of any Loan Document or the breach by any Loan Party of any representation and warranty contained therein. All amounts due under
this Section 12.05 shall be payable within ten Business Days after demand therefor. The agreements in this Section shall survive the resignation of the Administrative Agent, the replacement of any Lender, the termination of the
Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. 

  
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 12.06. Indemnification by Canadian Borrowers. Whether or not the transactions
contemplated hereby are consummated, each Canadian Borrower shall indemnify and hold harmless the Administrative Agent, each Canadian Lender, each Person included in the definition of Canadian L/C Issuer and their respective Related Parties (in this
section collectively called the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, and reasonable and documented costs, expenses and
disbursements (including Attorney Costs, provided that in the case of an actual or potential conflict of interest each Canadian Borrower shall indemnify each affected Indemnitee for all fees, expenses and disbursements of one U.S. outside
counsel and one Canadian outside counsel for such affected Indemnitee) of any kind or nature whatsoever (other than those that are governed by Sections 5.01, 5.04 or 5.05, in which case those sections
shall govern) which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (a) the execution, delivery, enforcement, performance or administration of any
Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby, (b) any Canadian Commitment, Canadian Borrowing or Canadian Letter of Credit or the use or proposed use of the
proceeds therefrom (including any refusal by a Canadian L/C Issuer to honor a demand for payment under a Canadian Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of
Credit), (c) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by any Canadian Borrower, any Subsidiary or any other Loan Party, or any Environmental Liability
related in any way to any Canadian Borrower, any such Subsidiary or any other Loan Party, or (d) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any
other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the
“Indemnified Liabilities”), in all cases, whether or not caused by or arising, in whole or in part, out of the negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to
the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements (i) are determined by a court of competent jurisdiction by final judgment to have resulted
from the gross negligence or willful misconduct of, or a material breach of any Loan Document by such Indemnitee or (ii) arise from any loss asserted against such Indemnitee by another Indemnitee, except (A) in its capacity or in
fulfilling its role as Administrative Agent, Joint Lead Arranger or any similar role under this Agreement or (B) that are caused by a failure of any Loan Party to comply with the terms of any Loan Document or the breach by any Loan Party of any
representation and warranty contained therein. All amounts due under this Section 12.06 shall be payable within ten Business Days after demand therefor. The agreements in this Section shall survive the resignation of the
Administrative Agent, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. 
 12.07. Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, none of the Borrowers, the Lenders, the Administrative Agent nor any of their respective Related
Parties shall assert, and each hereby waives, and acknowledges that no other Person shall have, any claim against any Borrower, any Lender, the Administrative Agent or any of their respective Related Parties, on any theory of liability, for special,
indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions
contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. 

  
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 12.08. Payments Set Aside. To the extent that any payment by or on behalf of any
Borrower is made to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its right of set-off, and such payment or the proceeds of such set-off or any part thereof is subsequently invalidated, declared to be
fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any
proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not
been made or such set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon
from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders and the L/C Issuers under clause (b) of the preceding
sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 
 12.09. Successors and
Assigns. 
 (a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that, except as permitted under Section 9.03 and Section 9.04, the U.S. Borrower may not assign or otherwise
transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender, no Canadian Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior
written consent of the Administrative Agent, each Canadian L/C Issuer and each Canadian Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions
of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a security interest
subject to the restrictions of subsection (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to
confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated
hereby, the Related Parties of each of the Administrative Agent, the L/C Issuers and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Assignments by Lenders. Subject to the following requirements of this Section 12.09, any Lender may at any
time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans (including for purposes of this subsection (b), participations in L/C
Obligations and in Swing Line Loans) at the time owing to it); provided that any such assignment shall be subject to the following conditions: 
 (i) Minimum Amounts. 
 (A) in the case of an assignment of
the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it or contemporaneous assignments to related Approved Funds that equal at least the amount specified in paragraph (b)(i)(B)
of this Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund (as defined in subsection (g) of this Section), no minimum amount need be assigned; and 

  
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 (B) in any case not described in subsection (b)(i)(A) of this
Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans and Bankers’ Acceptances of the assigning
Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and
Assumption, as of the Trade Date, shall not be less than U.S. $10,000,000 unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the U.S. Borrower otherwise consents (each such consent not to be
unreasonably withheld or delayed); provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single assignee (or to an assignee and members of its
Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met. 
 (ii) Proportionate Amounts. Each assignment, whether partial or entire, shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this
Agreement with respect to the Commitment (including the Canadian Commitment of such Lender or its Affiliate, if any) assigned (unless the Commitments have been terminated pursuant to Article 10) and the outstanding Loans
(including its U.S. Loans, U.S. L/C Obligations, participations in U.S. Swing Line Loans, Canadian Loans, Canadian L/C Obligations, participations in Canadian Swing Line Loans and Bankers’ Acceptances), except that this clause
(ii) shall not apply to Bid Loans or a Swing Line Lender’s rights and obligations in respect of Swing Line Loans. 
 (iii) Required Consents. No consent shall be required for any assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition: 

(A) the consent of the U.S. Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless
(1) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the U.S. Borrower shall be deemed to have
consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within ten (10) Business Days after having received notice thereof; 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required if
such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and 
 (C) the consent of each L/C Issuer (such consent not to be unreasonably withheld or delayed) shall be required for an assignment if such assignment would increase the obligation of the assignee to
participate in exposure under one or more Letters of Credit issued by such L/C Issuer (whether or not then outstanding); and 
 (D) the consent of the U.S. Swing Line Lender and, if such Lender is a Canadian Lender, the Canadian Swing Line Lender (such consent not to be unreasonably withheld or delayed) shall be required for any
assignment. 
 (iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to
the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee (payable by the assignor Lender or the assignee Lender) in the amount of $3,500; provided, however, that the Administrative Agent
may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

  
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 (v) No Assignment to Borrower. No such assignment shall be made
(A) to any Borrower or any Borrower’s Affiliates or Subsidiaries (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in
this clause (B), or (C) to a natural Person. 
 (vi) Certain Additional Payments.
In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall
make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other
compensating actions, including funding, with the consent of the U.S. Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable
assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, any L/C Issuer or any Lender hereunder (and interest accrued thereon) and
(y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swing Line Loans in accordance with its Pro Rata Share. Notwithstanding the foregoing, in the event that any assignment of
rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all
purposes of this Agreement until such compliance occurs. 
 Subject to acceptance and recording thereof by the Administrative Agent pursuant to
subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such
Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under
this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits
of Sections 5.01, 5.04, 5.05, 12.04, 12.05, and 12.06 with respect to facts and circumstances occurring prior to the effective date of such assignment;
provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a
Defaulting Lender. Upon request, each applicable Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this
subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section. 

(c) Register. The Administrative Agent, acting solely for this purpose as an agent of the (and such agency being solely for tax
purposes) Borrowers, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of
the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive absent manifest error, and the Borrowers, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of
this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrowers and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

  
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 (d) Participations. Any Lender may at any time, without the consent of, or notice to,
the Borrowers or the Administrative Agent, any L/C Issuer or the Swing Line Lender, sell participations to any Person (other than a natural person or any Borrower or of any Borrower’s Affiliates or Subsidiaries) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans and Bankers’ Acceptances (including such
Lender’s participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to
the other parties hereto for the performance of such obligations and (iii) the Borrowers, the Administrative Agent, the Lenders and the L/C Issuer shall continue to deal solely and directly with such Lender in connection with such Lender’s
rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 11.08 without regard to the existence of any participation. 

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole
right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant,
agree to any amendment, waiver or other modification described in the first proviso to Section 12.01 that affects such Participant. Subject to subsection (e) of this Section, the Borrowers agree that each
Participant shall be entitled to the benefits of Sections 5.01, 5.04 and 5.05 through the participating Lender to the same extent as if it were a Lender and had acquired its interest by assignment pursuant
to subsection (b) of this Section (it being understood that the documentation required under Section 5.01(e) shall be delivered to the Lender who sells the participation) to the same extent as if it were a
Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant agrees to be subject to the provisions of Sections 5.07 and 12.17
as if it were an assignee under paragraph (b) of this Section. Each Lender that sells a participation agrees, at the Borrowers’ request and expense, to use reasonable efforts to cooperate with the Borrowers to
effectuate the provisions of Section 5.07 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 12.11 as though it were a Lender;
provided that such Participant agrees to be subject to Section 4.06 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the 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 that such disclosure is necessary to establish that such commitment, loan, letter of credit
or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person
whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as
Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

  
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 (e) Limitations upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Sections 5.01, 5.04 or 5.05 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant or be entitled to the
benefits of Section 12.11, unless the sale of the participation to such Participant is made with the Borrowers’ prior written consent. A Participant that purchases a participation in a Lender’s U.S. Commitment and/or
U.S. Credit Extensions that would be (i) a Foreign Lender or (ii) a Lender that is a “United States person” within the meaning of Section 7701(a)(30) of the Code (unless it is an exempt recipient (within the meaning
of Treasury Regulations Section 1.6049-4(c), without regard to the third sentence of clause (1)(ii) of such Treasury Regulations)) if it were a Lender shall not be entitled to the benefits of Section 5.01
unless the Borrowers are notified of the participation sold to such Participant and such Participant complies with Section 5.01(e) as though it were a Lender. 

(f) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this
Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or other central bank having jurisdiction over such Lender; 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) Definitions. As used herein, the following terms have the following meanings: 
 “Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that
administers or manages a Lender. 
 “Assignee Group” means two or more Eligible Assignees that are
Affiliates of one another or two or more Approved Funds managed by the same investment advisor. 
 “Eligible
Assignee” means any Person that meets the requirements to be an assignee under Section 12.09(b)(iii) and (v) (subject to such consents, if any, as may be required under
Section 12.09(b)(iii)). 
 “Fund” means any Person (other than a natural person) that
is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers,
advisors and representatives of such Person and of such Person’s Affiliates. 
 (h) Resignation as L/C Issuer or Swing
Line Lender after Assignment. Notwithstanding anything to the contrary contained herein, if at any time a Lender that is an L/C Issuer or a Swing Line Lender assigns all of its Commitment and Loans pursuant to subsection
(b) above, such Lender may, (i) upon 30 days’ notice to the Borrowers and the Lenders, and, so long as one or more financial institutions reasonably acceptable to the Borrowers have accepted their appointment as a
successor L/C Issuer, resign as an L/C Issuer and/or (ii) upon 30 days’ notice to the Borrowers, resign as U.S. Swing Line Lender and Canadian Swing Line Lender. In the event of any such resignation as L/C Issuer, U.S. Swing Line
Lender, or Canadian Swing Line Lender, the U.S. Borrower shall be entitled to appoint from among the Lenders a successor U.S. L/C Issuer or U.S. Swing Line Lender hereunder, and the Canadian Borrowers shall be entitled to appoint from among the
Canadian Lenders a successor Canadian L/C Issuer or Canadian Swing Line Lender hereunder; provided, however, that no failure by any Borrower to appoint any such successor shall affect the resignation of such Lender as (except as
provided above) L/C Issuer, U.S. Swing Line Lender, or Canadian Swing Line Lender, as the case may be. If such Lender resigns as an L/C Issuer, it shall retain all the rights, powers, privileges and duties of an L/C Issuer hereunder with 

  
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 respect to all Letters of Credit outstanding as of the effective date of its resignation as an L/C Issuer
and all L/C Obligations with respect thereto (including the right to require the Lenders to make U.S. Base Rate Committed Loans or fund risk participations in U.S. Unreimbursed Amounts pursuant to Section 2.04(c) and to require
the Canadian Lenders to make Canadian Prime Rate Committed Loans or Canadian Base Rate Committed Loans or fund risk participations in Canadian Unreimbursed Amounts pursuant to Section 3.04(c)). If such Lender resigns as U.S. Swing
Line Lender, it shall retain all the rights of the U.S. Swing Line Lender provided for hereunder with respect to U.S. Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the
Lenders to make U.S. Base Rate Committed Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.05(c). If such Lender resigns as Canadian Swing Line Lender, it shall retain all the rights of the
Canadian Swing Line Lender provided for hereunder with respect to Canadian Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Canadian Lenders to make Canadian Prime Rate
Committed Loans or Canadian Base Rate Committed Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 3.05(c). Upon the appointment of a successor L/C Issuer and/or U.S. Swing Line Lender or
Canadian Swing Line Lender, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer, U.S. Swing Line Lender or Canadian Swing Line Lender, as the case may be, and
(b) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession (provided that the respective beneficiaries thereof agree to such substitution) or
make other arrangements satisfactory to such Lender to effectively assume the obligations of such Lender with respect to such Letters of Credit. 
 12.10. Confidentiality. Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed
(a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and representatives (it being understood that the Persons to whom such disclosure is made will be informed of the
confidential nature of such Information and instructed to keep such Information confidential) and that the Lender providing any such Information shall be responsible for the breach thereof by any such Person, (b) 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), (c) to the extent required by applicable laws or regulations or by any subpoena
or similar legal process; provided that Administrative Agent or such Lender, as applicable, shall notify U.S. Borrower if disclosure of such Information is so required, to the extent it is not prohibited from doing so by any Law or such
subpoena or legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or
the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant
in, any of its rights or obligations under this Agreement or any Eligible Assignee invited to be a Lender pursuant to Section 4.09(a) or (ii) any actual or prospective counterparty (or its Related Parties) to any swap,
derivative or other transaction under which payments are to be made by reference to any Borrower and its obligations, this Agreement or payments hereunder, (g) on a confidential basis to (i) any rating agency in connection with rating any
Borrower or its Subsidiaries or the credit facilities provided hereunder or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers or other market identifiers with respect to the
credit facilities provided hereunder, with the consent of any Borrower, or (h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the
Administrative Agent or any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than any Borrower unless Administrative Agent or such Lender, as applicable, shall know that such source was required to keep
such information confidential. For purposes of this Section, “Information” means all information received from any Borrower or any of its Subsidiaries relating to such Borrower or any 

  
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 Subsidiary or any of their respective businesses, other than any such information that is available to the
Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by such Borrower or any Subsidiary, provided that, in the case of information received from any Borrower or any Subsidiary after the date hereof, such
information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such
Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 
 12.11. Bank Accounts; Offset. 
 (a) The U.S. Borrower hereby agrees that
each Lender shall have the right to offset (which shall be in addition to all other interests, liens, and rights of any Lender at common Law, under the Loan Documents, or otherwise) (i) any and all moneys, securities or other property (and the
proceeds therefrom) of such Borrower now or hereafter held or received by or in transit to any Lender for the account of the U.S. Borrower, (ii) any and all deposits (general or special, time or demand, provisional or final) of the U.S.
Borrower with any Lender, (iii) any other credits and balances of the U.S. Borrower at any time existing against any Lender, including claims under certificates of deposit, and (iv) any indebtedness owed or payable by any Lender to the
U.S. Borrower at any time against Obligations due to it that have not been paid when due. At any time and from time to time after the occurrence of any Event of Default and during the continuance thereof, each Lender is hereby authorized to offset
against the Obligations then due and payable to it (in either case without notice to the U.S. Borrower), any and all items hereinabove referred to. To the extent that the U.S. Borrower has accounts designated as royalty or joint interest owner
accounts, the foregoing right of offset shall not extend to funds in such accounts which belong to, or otherwise arise from payments to the U.S. Borrower for the account of, third party royalty or joint interest owners. Each Lender agrees promptly
to notify each applicable Borrower and the Administrative Agent after any such set-off and application made by such Lender; provided, however, that the failure to give such notice shall not affect the validity of such set-off and
application. 
 (b) Each Canadian Borrower hereby agrees that each Canadian Lender shall have the right to offset (which shall be
in addition to all other interests, liens, and rights of such Canadian Lender at common Law, under the Loan Documents, or otherwise) (a) any and all moneys, securities or other property (and the proceeds therefrom) of such Canadian Borrower now
or hereafter held or received by or in transit to any Canadian Lender for the account of such Canadian Borrower, (b) any and all deposits (general or special, time or demand, provisional or final) of such Canadian Borrower with any Canadian
Lender, (c) any other credits and balances of such Canadian Borrower at any time existing against any Canadian Lender, including claims under certificates of deposit, and (d) any indebtedness owed or payable by any Canadian Lender to such
Canadian Borrower at any time against Canadian Obligations due to it that have not been paid when due. At any time and from time to time after the occurrence of any Event of Default and during the continuance thereof, each Canadian Lender is hereby
authorized to offset against the Canadian Obligations then due and payable to it by such Canadian Borrower (in either case without notice to such Canadian Borrower), any and all items hereinabove referred to. To the extent that either Canadian
Borrower has accounts designated as royalty or joint interest owner accounts, the foregoing right of offset shall not extend to funds in such accounts which belong to, or otherwise arise from payments to such Canadian Borrower for the account of,
third party royalty or joint interest owners. Each Canadian Lender agrees promptly to notify each Canadian Borrower and the Administrative Agent after any such set-off and application made by such Canadian Lender; provided, however,
that the failure to give such notice shall not affect the validity of such set-off and application. 

  
 126

 12.12. Interest Rate Limitation. Notwithstanding anything to the contrary contained
in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or
any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the applicable Borrower. In determining whether the
interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee,
or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the
Obligations hereunder. In no event shall the aggregate “interest” (as defined in section 347 of the Criminal Code (Canada)) payable with respect to any Canadian Obligations exceed the maximum effective annual rate of interest on the
“credit advanced” (as defined in that section) permitted under that section and, if any payment, collection or demand pursuant to this Agreement in respect of “interest” (as defined in that section) is determined to be contrary
to the provisions of that section, such payment, collection or demand shall be deemed to have been made by mutual mistake of Canadian Borrowers, Administrative Agent and Lenders and the amount of such excess payment or collection shall be refunded
to Canadian Borrowers. For purposes of the Canadian Obligations, the effective annual rate of interest shall be determined in accordance with generally accepted actuarial practices and principles over the term applicable to the Canadian Obligations
on the basis of annual compounding of the lawfully permitted rate of interest and, in the event of dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by Administrative Agent shall be prima facie evidence, for the
purposes of such determination. 
 12.13. Counterparts. This Agreement may be executed in one or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 12.14.
Integration. This Agreement, together with the other Loan Documents, comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject
matter. In the event of any conflict between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of the
Administrative Agent or the Lenders in any other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint participation of the respective parties thereto and shall be construed neither against
nor in favor of any party, but rather in accordance with the fair meaning thereof. 
 12.15. Survival of Representations and
Warranties. All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and
thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the
Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of any U.S. Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or
unsatisfied or any U.S. Letter of Credit shall remain outstanding. 
 12.16. 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 12.16, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, the
L/C Issuers or the Swing Line Lenders, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited. 

  
 127

 12.17. Replacement of Lenders. In the event that any Lender shall (i) claim
payment of any amount pursuant to Section 5.01; (ii) claim any increased cost pursuant to Section 5.04 or the benefit of Section 5.02, Section 5.03; (iii) fail to agree to
extend the Maturity Date pursuant to Section 4.08, if the requisite Lenders have agreed to do so; (iv) become and continue to be a Defaulting Lender; or (v) fail to consent to an election, consent, amendment, waiver or
other modification to this Agreement or any other Loan Document that requires the consent of a greater percentage of the Lenders than the Required Lenders, the U.S. Required Lenders or the Canadian Required Lenders, as the case may be, and such
election, consent, amendment, waiver or other modification is otherwise consented to by the Required Lenders, the U.S. Required Lenders or the Canadian Required Lenders, as the case may be, (a) the U.S. Borrower may, upon notice to such Lender
and the Administrative Agent, replace such Lender by causing such Lender to assign its rights and obligations hereunder (with the assignment fee to be paid by the U.S. Borrower in such instance) pursuant to Section 12.09(b) to one
or more Eligible Assignees procured by the U.S. Borrower, each of which shall assume a pro rata portion of the Commitment (including the Canadian Commitment, if any, of such replaced Lender, whether held by such Lender or by its Affiliate) and the
Credit Extensions of such replaced Lender and such Affiliate, if any; provided, however, that if the U.S. Borrower elects to exercise such right with respect to any Lender pursuant to Section 5.01,
Section 5.02, Section 5.03 or Section 5.04 or, it shall be obligated to replace all Lenders that have made similar requests for compensation or benefit or sent similar notices, as applicable, pursuant to
Section 5.01, Section 5.02, Section 5.03 or Section 5.04; or (b) the applicable Borrower may, upon three Business Days’ notice to such Lender through the
Administrative Agent, prepay in full all of the outstanding Loans and Bankers’ Acceptances (as applicable) of such Lender and all other Obligations owing to such Lender, or its assignee, together with accrued interest thereon to the date of
prepayment and all other amounts owed by the Borrowers to such Lender accrued to the date of prepayment, and concurrently therewith the U.S. Borrower may terminate the Commitment of such Lender by giving notice of such termination to Administrative
Agent and such Lender; and in the case of the foregoing clauses (a) or (b), if any such Lender is a L/C Issuer and any Letters of Credit issued by such L/C Issuer remain outstanding, the Borrowers shall deposit cash
collateral with such L/C Issuer in an amount equal to the aggregate face amount of such Letters of Credit pursuant to arrangements satisfactory to such L/C Issuer, to secure the Borrowers’ obligations to reimburse for drawing under such Letters
of Credit or make other arrangements satisfactory to such L/C Issuer with respect to such Letters of Credit. Upon satisfaction of the requirements set forth above in clause (a) of the preceding sentence, payment to the Lender to
be replaced of the purchase price in immediately available funds, and the payment by the U.S. Borrower of all requested costs accruing to the date of purchase which the Borrowers are obligated to pay under Sections 5.01,
5.03 and 5.04 and all other amounts owed by the Borrowers to such Lender (other than the principal of and interest on the Credit Extension of such Lender, and accrued commitment fees, purchased by the Eligible Assignee),
and deposit of cash collateral as required in the preceding sentence, such Eligible Assignee shall constitute a “Lender”, and if applicable, a “Canadian Lender”, hereunder, as the case may be, and the
Lender being so replaced shall no longer constitute a “Lender” or “Canadian Lender” hereunder, as the case may be, and its Commitment, and if applicable, its Canadian Commitment, shall be deemed
terminated. If, however, (x) the Eligible Assignee fails to purchase such rights and interest on such specified date in accordance with the terms of such offer, the Borrowers shall continue to be obligated to pay amounts to such Lender or
Canadian Lender pursuant to Section 5.01 or increased costs pursuant to Section 5.04, as the case may be, or (y) the Lender proposed to be replaced fails to consummate such purchase offer, the Borrowers
shall not be obligated to pay to such Lender or Canadian Lender such increased costs or additional amounts incurred or accrued from and after the date of such purchase offer. 

  
 128

 12.18. Governing Law. 

(a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK; PROVIDED THAT THE
ADMINISTRATIVE AGENT AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. 
 (b) EACH OF THE BORROWERS IRREVOCABLY
AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE AGENT, ANY LENDER, ANY L/C
ISSUER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY,
BOROUGH OF MANHATTAN AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS
AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO
AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN
DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY BORROWER OR ITS PROPERTIES IN THE COURTS
OF ANY JURISDICTION. EACH OF THE BORROWERS, THE ADMINISTRATIVE AGENT AND EACH LENDER IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON
THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. EACH PARTY HERETO IRREVOCABLY CONSENTS
TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 12.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

12.19. WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY
CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED
THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAU.S.E OF ACTION SHALL BE DECIDED BY COURT TRIAL
WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT 

  
 129

 OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

12.20. Electronic Execution of Assignments and Certain Other Documents. The words “execute”, “execution”,
“signed”, “signature”, and words of like import in any Assignment and Assumption or in any amendment or other modification hereof (including waivers and consents) shall be deemed to include electronic signatures, the electronic
matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a
manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York
State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

12.21. USA PATRIOT Act Notice. Each Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby
notifies the Loan Parties that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information
that identifies each Loan Party, which information includes the name and address of such Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify such Loan Party in accordance with the Act.
Each Borrower shall, promptly following a request by the Administrative Agent or any Lender, provide or cause to be provided all documentation and other information that the Administrative Agent or such Lender requests in order to comply with its
ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Act. 
 12.22. No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby, each Borrower acknowledges and agrees, and acknowledges its Affiliates’
understanding, that: (i) the credit facilities provided for hereunder and any related arranging or other services in connection therewith (including in connection with any amendment, waiver or other modification hereof or of any other Loan
Document) are an arm’s-length commercial transaction between the Borrowers and their respective Affiliates, on the one hand, and the Administrative Agent and the Joint Lead Arrangers and the Lenders, on the other hand, and such Borrower is
capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents (including any amendment, waiver or other modification hereof or thereof);
(ii) in connection with the process leading to such transaction, the Administrative Agent and each Joint Lead Arranger and each Lender is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary for such
Borrower or any of its Affiliates, stockholders, creditors or employees or any other Person; (iii) neither the Administrative Agent nor any Joint Lead Arranger nor any Lender has assumed or will assume an advisory, agency or fiduciary
responsibility in favor of such Borrower or any other Loan Party with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any amendment, waiver or other modification hereof or of any other
Loan Document (irrespective of whether the Administrative Agent or any Joint Lead Arranger or any Lender has advised or is currently advising such Borrower, any other Loan Party or any of their respective Affiliates on other matters) and neither the
Administrative Agent nor any Joint Lead Arranger nor any Lender has any obligation to such Borrower, any other Loan 

  
 130

 Party or any of their respective Affiliates with respect to the transactions contemplated hereby except
those obligations expressly set forth herein and in the other Loan Documents; (iv) the Administrative Agent and the Joint Lead Arrangers and the Lenders and their respective Affiliates may be engaged in a broad range of transactions that
involve interests that differ from those of such Borrower, the other Loan Parties and their respective Affiliates, and neither the Administrative Agent nor any Joint Lead Arranger nor any Lender has any obligation, by reason of the transactions
contemplated hereby or the process leading thereto, to disclose of any of such interests to such Borrower or the other Loan Parties; and (v) the Administrative Agent and the Joint Lead Arrangers and the Lenders have not provided and will not
provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification hereof or of any other Loan Document) and each of such Borrower and the other
Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate. Each of the Borrower and the other Loan Parties hereby waives and releases, to the fullest extent permitted by law, any claims
that it may have against the Administrative Agent and the Joint Lead Arrangers and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty arising out of or related to any of the transactions contemplated hereby or the
process leading thereto. 
 12.23. Termination of Commitments Under Existing Credit Agreement. The U.S. Borrower has
given, or contemporaneously with the execution and delivery of this Agreement is giving, to the administrative agent under the Existing Credit Agreement, notice of the termination of commitments of the lenders under the Existing Credit Agreement, so
that such commitments terminate on the Closing Date. Execution of this Agreement by Lenders who are lenders and, to the extent applicable, letter of credit issuers under the Existing Credit Agreement shall constitute (a) a waiver of the notice
provisions in Section 4.10 of the Existing Credit Agreement that would otherwise be applicable to such termination, and the administrative agent under the Existing Credit Agreement may rely on this Section 12.23
and (b) an agreement that from and after the Closing Date, the Existing Canadian Letters of Credit and Existing U.S. Letters of Credit shall cease to be “Letters of Credit” issued pursuant to the Existing Credit Agreement.

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

  
 131

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

			
	 DEVON ENERGY CORPORATION, as the U.S.
 Borrower

		
	By:	 	 /s/ David G. Harris

		 	Name: David G. Harris
		 	 Title:   Vice President, Corporate Finance and

    Treasurer

	
	 DEVON NEC CORPORATION, as a Canadian
 Borrower

		
	By:	 	 /s/ David G. Harris

		 	Name: David G. Harris
		 	Title:   Treasurer
	
	DEVON CANADA CORPORATION, as a Canadian Borrower
		
	By:	 	 /s/ David G. Harris

		 	Name: David G. Harris
		 	Title:   Treasurer
	
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	 /s/ Angelo M. Martorana

		 	Name: Angelo M. Martorana
		 	Title:   Assistant Vice President
	
	BANK OF AMERICA, N.A., by its Canada branch, as Administrative Agent
		
	By:	 	 /s/ Medina Sales de Andrade

		 	Name: Medina Sales de Andrade
		 	Title:   Vice President

  

  
 S-1

 Signature Page 
 (Devon Credit Agreement) 

 
			
	 BANK OF AMERICA, N.A., as a Lender, a U.S. L/C
 Issuer, and a U.S. Swing Line Lender

		
	By:	 	 /s/ Joseph Scott

		 	Name: Joseph Scott
		 	Title:   Director
	
	BANK OF AMERICA, N.A., by its Canada branch, as a Canadian Lender, a Canadian L/C Issuer, and a Canadian Swing Line Lender
		
	By:	 	 /s/ Medina Sales de Andrade

		 	Name: Medina Sales de Andrade
		 	Title:   Vice President
	
	JPMORGAN CHASE BANK, N.A., as a Lender and a U.S. L/C Issuer
		
	By:	 	 /s/ Debra Hrelja

		 	Name: Debra Hrelja
		 	Title:   Vice President
	
	JPMORGAN CHASE BANK, N.A., Toronto Branch, as a Canadian Lender and a Canadian L/C Issuer
		
	By:	 	 /s/ Debra Hrelja

		 	Name: Debra Hrelja
		 	Title:   Vice President
	
	ROYAL BANK OF CANADA, as a Lender, a U.S. L/C Issuer, a Canadian Lender, and a Canadian L/C Issuer
		
	By:	 	 /s/ Chris Benton

		 	Name: Chris Benton
		 	Title:   Authorized Signatory

  
 S-2

 Signature Page 
 (Devon Credit Agreement) 

 
			
	 THE ROYAL BANK OF SCOTLAND PLC, as a
 Lender, a U.S. L/C Issuer, a Canadian Lender and a
 Canadian L/C Issuer

		
	By:	 	 /s/ Brian D. Williams

		 	Name: Brian D. Williams
		 	Title:   Authorised Signatory
	
	 BARCLAYS BANK PLC, as a Lender, a U.S. L/C
 Issuer, a Canadian Lender and a Canadian L/C Issuer

		
	By:	 	 /s/ Ann E. Sutton

		 	Name: Ann E. Sutton
		 	Title:   Director
	
	 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
 as a Lender

		
	By:	 	 /s/ Maria Ferradas

		 	Name: Maria Ferradas
		 	Title:   Vice President
	
	 CANADIAN IMPERIAL BANK OF COMMERCE, 
 NEW YORK AGENCY, as a Lender

		
	By:	 	 /s/ Trudy W. Nelson

		 	Name: Trudy W. Nelson
		 	Title:   Executive Director
	
	 CANADIAN IMPERIAL BANK OF COMMERCE,
 NEW YORK AGENCY, as a Lender

		
	 By:
	 	 /s/ Eoin Roche

		 	Name: Eoin Roche
		 	Title:   Authorized Signatory

  
 S-3

 Signature Page 
 (Devon Credit Agreement) 

 
			
	 CANADIAN IMPERIAL BANK OF COMMERCE,
 NEW YORK AGENCY, as a Canadian Lender

		
	By:	 	 /s/ Randy Geislinger

		 	Name: Randy Geislinger
		 	Title:   Executive Director
	
	 CANADIAN IMPERIAL BANK OF COMMERCE,
 NEW YORK AGENCY, as a Canadian Lender

		
	By:	 	 /s/ Chris Perks

		 	Name: Chris Perks
		 	Title:   Managing Director
	
	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/ Phil Ballard

		 	Name: Phil Ballard
		 	Title:   Vice President
	
	 CITIBANK, N.A., CANADIAN BRANCH,
 as a Lender

		
	By:	 	 /s/ Niyousha Fazinpour

		 	Name: Niyousha Zarinpour
		 	Title:   Authorized Signer
	
	 CREDIT SUISSE AG, CAYMAN ISLANDS,
 as a Lender

		
	 By:
	 	 /s/ Ari Bruger

		 	Name: Ari Bruger
		 	Title:   Vice President
		
	 By:
	 	 /s/ Michael Spaight

		 	Name: Michael Spaight
		 	Title:   Associate

  
 S-4

 Signature Page 
 (Devon Credit Agreement) 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH,as a Lender
		
	By:	 	 /s/ Ming K. Chu

		 	Name: Ming K. Chu
		 	Title:   Vice President
		
	By:	 	 /s/ Virginia Cosenza

		 	Name: Virginia Cosenza
		 	Title:   Vice President
	
	DEUTSCHE BANK AG CANADA BRANCH, as a Canadian Lender
		
	By:	 	 /s/ Paul Jurist

		 	Name: Ming K. Chu
		 	Title:   Managing Director
		
	By:	 	 /s/ Marcellus Leung

		 	Name: Marcellus Leung
		 	Title:   Assistant Vice President
	
	EXPORT DEVELOPMENT CANADA, as a Lender
		
	By:	 	 /s/ Ranya Gabriel

		 	Name: Ranya Gabriel
		 	Title:   Financing Manager
		
	By:	 	 /s/ Joanne Tognarelli

		 	Name: Joanne Tognarelli
		 	Title:   Senior Financing Manager
	
	GOLDMAN SACHS BANK USA, as a Lender
		
	By:	 	 /s/ Mark Walton

		 	Name: Mark Walton
		 	Title:   Authorized Signatory

  
 S-5

 Signature Page 
 (Devon Credit Agreement) 

 
			
	 MORGAN STANLEY BANK, N.A.,
 as a Lender and a Canadian Lender

		
	By:	 	 /s/ Kelly Chin

		 	Name: Kelly Chin
		 	Title:   Authorized Signatory
	
	 THE BANK OF NOVA SCOTIA,
 as a Lender and a Canadian L/C Issuer

		
	By:	 	 /s/ Mark Sparrow

		 	Name: Mark Sparrow
		 	Title:   Director
	
	 UBS LOAN FINANCE LLC,
 as a Lender and a Canadian Lender

		
	By:	 	 /s/ Irja R. Otsa

		 	Name: Iria R. Otsa
		 	Title:   Associate Director
		
	By:	 	 /s/ David Urban

		 	Name: David Urban
		 	Title:   Associate Director
	
	 U.S. BANK NATIONAL ASSOCIATION,
 as a Lender

		
	By:	 	 /s/ Patrick Jeffrey

		 	Name: Patrick Jeffrey
		 	Title:   Vice President
	
	 U.S. BANK NATIONAL ASSOCIATION,
 CANADA BRANCH, as a Canadian Lender

		
	By:	 	 /s/ Joseph Rauhala

		 	Name: Joseph Rauhala
		 	Title:   Principal Officer

  
 S-6

 Signature Page 
 (Devon Credit Agreement) 

 
			
	 WELLS FARGO BANK, N.A.,
 as a Lender

		
	By:	 	 /s/ Courtney Kubesch

		 	Name: Courtney Kubesch
		 	Title:   Vice President
	
	 BANK OF MONTREAL,
 as a Lender and a Canadian Lender

		
	By:	 	 /s/ Kevin Utsey

		 	Name: Kevin Utsey
		 	Title:   Director
	
	UMB BANK, n.a., as a Lender
		
	By:	 	 /s/ Frank A. Sewell

		 	Name: Frank A. Sewell
		 	Title:   President, Oklahoma City

  
 S-7

 Signature Page 
 (Devon Credit Agreement)Amended and Restated Mining Right Abandonment Agreement

 Exhibit 4.21 
 EXECUTION   
 3 September 2010 

MINING RIGHT ABANDONMENT AGREEMENT 
 between 
 HARMONY GOLD MINING COMPANY LIMITED 

and 

WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED 
  

 

 TABLE OF CONTENTS 

 

							
	 1
	 	 PARTIES
	  	 	1	  
	 2
	 	 INTERPRETATION
	  	 	1	  
	 3
	 	 INTRODUCTION
	  	 	7	  
	 4
	 	 CONDITIONS PRECEDENT
	  	 	7	  
	 5
	 	 ESCROW AMOUNT
	  	 	10	  
	 6
	 	 PAYMENT OF THE CONSIDERATION
	  	 	13	  
	 7
	 	 LODGEMENT OF DEEDS
	  	 	13	  
	 8
	 	 FLOODING
	  	 	15	  
	 9
	 	 ACCESS TO INFORMATION
	  	 	16	  
	 10
	 	 DRILLING OPERATIONS
	  	 	16	  
	 11
	 	 INTEREST
	  	 	18	  
	 12
	 	 GENERAL WARRANTIES
	  	 	18	  
	 13
	 	 PUBLICITY
	  	 	19	  
	 14
	 	 BREACH
	  	 	20	  
	 15
	 	 DISPUTE RESOLUTION
	  	 	20	  
	 16
	 	 NOTICES AND DOMICILIA
	  	 	21	  
	 17
	 	 BENEFIT OF THE AGREEMENT
	  	 	22	  
	 18
	 	 APPLICABLE LAW AND JURISDICTION
	  	 	23	  
	 19
	 	 GENERAL
	  	 	23	  
	 20
	 	 COSTS
	  	 	25	  
	 21
	 	 SIGNATURE
	  	 	25	  

 ANNEXURES 
 ANNEXURE “1” : DEED OF ABANDONMENT 
 ANNEXURE “2” : DEED OF AMENDMENT
OF MINING RIGHT 
 ANNEXURE “3” : DEED OF AMENDMENT OF PROSPECTING RIGHT 

ANNEXURE “4” : PLAN OF MERRIESPRUIT SOUTH AREA 
 ANNEXURE “5” : MINING RIGHT 
 ANNEXURE “6” : PLAN OF MINING RIGHT
AREA 
 ANNEXURE “7” : SECTION 102 APPLICATION 

  
 

 

	1	PARTIES 

  

	1.1	The Parties to this Agreement are – 

  

	1.1.1	Harmony Gold Mining Company Limited; and 

  

	1.1.2	Witwatersrand Consolidated Gold Resources Limited. 

  

	1.2	The Parties agree as set out below. 

  

	2	INTERPRETATION 

  

	2.1	In this Agreement, unless the context indicates a contrary intention, the following words and expressions bear the meanings assigned to them and cognate expressions
bear corresponding meanings – 

  

	2.1.1	“Abandonment” means the abandonment by Harmony of that portion of the Mining Right pertaining to the Merriespruit South Area in terms of section 56(f)
of the MPRDA; 

  

	2.1.2	“AFSA” means the Arbitration Foundation of Southern Africa; 

 

	2.1.3	“Agreement” means the agreement contained in this document, including all annexures hereto; 

 

	2.1.4	“Balance of the Consideration” means the Consideration less the Escrow Amount; 

 

	2.1.5	“Conditions Precedent” means the conditions precedent set out in clause 4; 

 

	2.1.6	“Consent” means the consent of the Minister under and pursuant to the grant of the Section 102 Application to add the Merriespruit South Area to
the Wits Gold Prospecting Right; 

  

	2.1.7	“Consideration” means an amount equal to R61,000,000 (sixty one million rand) exclusive of VAT thereon; 

 

	2.1.8	“Deeds of Amendment” means the – 

  

	2.1.8.1	Deed of Mining Right Amendment; and 

  

	2.1.8.2	Deed of Prospecting Right Amendment; 

  
 

 

  
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	2.1.9	“Deed of Abandonment” means a notarial deed of abandonment, giving effect to the Abandonment, substantially in the form of the draft attached hereto as
annexure “1”, or such other form as may be agreed between the Parties; 

  

	2.1.10	“Deed of Mining Right Amendment” means a notarial deed of amendment giving effect to the Mining Right Amendment, substantially in the form of the draft
attached hereto as annexure “2”, or such other form as may be agreed between the Parties; 

  

	2.1.11	“Deed of Prospecting Right Amendment” means a notarial deed of amendment giving effect to the Prospecting Right Amendment, substantially in the form of
the draft attached hereto as annexure “3”, or such other form as may be agreed between the Parties; 

  

	2.1.12	“DMR” means the Department of Mineral Resources, formerly the Department of Minerals and Energy; 

 

	2.1.13	“Drilling Operations” means the drilling operations to be conducted by Wits Gold in, on or under the Merriespruit South Area which are necessary to
enable Wits Gold to update its geological model in respect of the Merriespruit South Area; 

  

	2.1.14	“Effective Date” means the day on which the last in time of the Conditions Precedent to be fulfilled or waived, is fulfilled or waived, as the case may
be; 

  

	2.1.15	“Escrow Amount” means an amount equal to R10,000,000 (ten million rand); 

 

	2.1.16	“Escrow Agent” means Cliffe Dekker Hofmeyr Incorporated, registration number 2008/018923/21, a firm of attorneys duly incorporated as a private company
in the Republic of South Africa; 

  

	2.1.17	“Escrow Account” means the following account of the Escrow Agent – 

 

			
	Name of Account:	  	Cliffe Dekker Hofmeyr Inc Trust Account
	Bank:	  	Nedbank
	Branch:	  	100 Main Street, Johannesburg
	Branch Code:	  	197905
	Account Number:	  	1979312176

  

	2.1.18	 “Freegold” means ARMGold/Harmony Freegold Joint Venture Company (Proprietary) Limited, registration number 2001/029602/07, a limited
liability 

  
 

 

  
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private company duly incorporated in the Republic of South Africa; 

  

	2.1.19	“Harmony” means Harmony Gold Mining Company Limited, registration number 1950/038232/06, a limited liability public company duly incorporated in the
Republic of South Africa; 

  

	2.1.20	“Harmony 3 Shaft Operations” means the current mining operations conducted by Harmony in, on and under the Mining Right Area; 

 

	2.1.21	“Harmony’s Designated Account” means the bank account nominated by Harmony, the details of which are set out below, or such other account as
Harmony may designate in writing on 5 (five) business days notice to Wits Gold and the Escrow Agent – 

  

			
	Name of Account:	  	Harmony Gold Mining Company Current Account
	Bank:	  	Nedbank
	Branch:	  	Corporate Client Services
	Branch Code:	  	145405
	Account Number:	  	1454115866

  

	2.1.22	“JSE” means JSE Limited, registration number 2005/022939/06, a limited liability public company duly incorporated in the Republic of South Africa and
licensed as an exchange under the Securities Services Act, 2001; 

  

	2.1.23	“Listings Requirements” means the Listings Requirements of the JSE; 

 

	2.1.24	“Merriespruit South Area” means that portion of the Mining Right Area hatched in red on the plan annexed hereto marked annexure “4”
and having the co-ordinates ABCDEFGHJKM as reflected on annexure “4”; 

  

	2.1.25	“Mining Titles Office” means the Mining Titles Office contemplated in section 2 of the Mining Titles Registration Act, 1967; 

 

	2.1.26	“Mining Right” means the mining right granted to Harmony in terms of Item 7 of Schedule II to the MPRDA, read with section 23(1) of the MPRDA,
entitling Harmony to mine for gold ore in, on and under the Mining Right Area executed on 11 December 2007, a copy of which is attached hereto as annexure “5”; 

 

	2.1.27	“Mining Right Area” means the area shaded in green on the plan attached hereto marked annexure “6”, which area includes the
Merriespruit South Area; 

  

	2.1.28	 “Mining Right Amendment” means the amendment of the Mining Right by

  
 

 

  
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the deletion therefrom of the Merriespruit South Area; 

  

	2.1.29	“Minister” means the Minister of Mineral Resources, and includes any person to whom the Minister has delegated powers and functions in terms of section
103 of the MPRDA; 

  

	2.1.30	“MPRDA” means the Mineral and Petroleum Resources Development Act, 2002; 

 

	2.1.31	“Option Cancellation Agreement” means the option cancellation agreement entered into, or to be entered into, amongst Wits Gold, Freegold and Harmony,
in terms of which Freegold cancels an option granted to it by Wits Gold; 

  

	2.1.32	“Parties” means the parties to this Agreement; 

  

	2.1.33	“Prime Rate” means the publicly quoted basic rate of interest, compounded monthly in arrears and calculated on a 365 (three hundred and sixty five) day
year irrespective of whether or not the year is a leap year, from time to time published by Nedbank Limited as being its prime overdraft rate, as certified by any representative of that bank whose appointment and designation it shall not be
necessary to prove; 

  

	2.1.34	“Prospecting Right Amendment” means the amendment of the Wits Gold Prospecting Right by the addition thereto of the Merriespruit South Area;

  

	2.1.35	“Section 102 Application” means an application by Wits Gold to the Minister in terms of section 102 of the MPRDA to add the Merriespruit South Area to
the Wits Gold Prospecting Right, substantially in the form of the draft attached hereto as annexure “7”, or such other form as may be agreed between the Parties; 

 

	2.1.36	“Signature Date” means the date of signature of this Agreement by the Party last in time signing; 

 

	2.1.37	“VAT” means value-added tax as levied from time to time in terms of the Value-Added Tax Act, 1991; 

 

	2.1.38	“Wits Gold” means Witwatersrand Consolidated Gold Resources Limited, registration number 2002/031365/06, a limited liability public company duly
incorporated in the Republic of South Africa (formerly Witwatersrand Consolidated Gold Resources (Proprietary) Limited; 

  
 

 

  
 4 

	2.1.39	“Wits Gold’s Designated Account” means the bank account nominated by Wits Gold, the details of which are set out below, or such other account as
Wits Gold may designate in writing on 5 (five) business days notice to Harmony and the Escrow Agent – 

  

			
	Name of Account:	  	Witwatersrand Consolidated Gold Resources Limited
	Bank:	  	ABSA Bank Limited
	Branch:	  	Fourways
	Branch Code:	  	632905
	Account Number:	  	4063800562

  

	2.1.40	“Wits Gold Prospecting Right” means the prospecting right FS30/5/1/1/2/76PR granted to Wits Gold in terms of section 17(1) of the MPRDA, registered in
the Mining Titles Office under number MPTNO99/2006 (PR). 

  

	2.2	In this Agreement – 

  

	2.2.1	clause headings and the heading of the Agreement are for convenience only and are not to be used in its interpretation; 

 

	2.2.2	an expression which denotes – 

  

	2.2.2.1	any gender includes the other genders; 

  

	2.2.2.2	a natural person includes a juristic person and vice versa; 

  

	2.2.2.3	the singular includes the plural and vice versa; and 

  

	2.2.2.4	a Party includes a reference to that Party’s successors in title and assigns allowed at law. 

 

	2.3	Any reference in this Agreement to – 

  

	2.3.1	“business hours” shall be construed as being the hours between 08h30 and 17hOO on any business day. Any reference to time shall be based upon South
African Standard Time; 

  

	2.3.2	“days” shall be construed as calendar days unless qualified by the word “business”, in which instance a “business day” will be any
day other than a Saturday, Sunday or public holiday as gazetted by the government of the Republic of South Africa from time to time; 

  
 

 

  
 5 

	2.3.3	“law” means any law of general application and includes the common law and any statute, constitution, decree, treaty, regulation, directive, ordinance,
by- law, order or any other enactment of legislative measure of government (including local and provincial government) statutory or regulatory body which has the force of law; 

 

	2.3.4	“person” means any person, company, close corporation, trust, partnership or other entity whether or not having separate legal personality; and

  

	2.3.5	“writing” means legible writing and in English, 

  

	2.4	The words “include” and “including” mean “include without limitation” and “including without limitation”. The use
of the words “include” and “including” followed by a specific example or examples shall not be construed as limiting the meaning of the general wording preceding it. 

 

	2.5	Any substantive provision, conferring rights or imposing obligations on a Party and appearing in any of the definitions in this clause 2 or elsewhere in this Agreement,
shall be given effect to as if it were a substantive provision in the body of the Agreement. 

  

	2.6	Words and expressions defined in any clause shall, unless the application of any such word or expression is specifically limited to that clause, bear the meaning
assigned to such word or expression throughout this Agreement. 

  

	2.7	Unless otherwise provided, defined terms appearing in this Agreement in title case shall be given their meaning as defined, while the same terms appearing in lower case
shall be interpreted in accordance with their plain English meaning. 

  

	2.8	A reference to any statutory enactment shall be construed as a reference to that enactment as at the Signature Date and as amended or substituted from time to time.

  

	2.9	Unless specifically otherwise provided, any number of days prescribed shall be determined by excluding the first and including the last day or, where the last day falls
on a day that is not a business day, the next succeeding business day. 

  

	2.10	If the due date for performance of any obligation in terms of this Agreement is a day which is not a business day then (unless otherwise stipulated) the due date for
performance of the relevant obligation shall be the immediately preceding business day. 

  
 

 

  
 6 

	2.11	Where figures are referred to in numerals and in words, and there is any conflict between the two, the words shall prevail, unless the context indicates a contrary
intention. 

  

	2.12	The rule of construction that this Agreement shall be interpreted against the Party responsible for the drafting of this Agreement, shall not apply.

  

	2.13	No provision of this Agreement shall (unless otherwise stipulated) constitute a stipulation for the benefit of any person (stipulatio alteri) who is not a Party
to this Agreement. 

  

	2.14	The use of any expression in this Agreement covering a process available under South African law, such as winding-up, shall, if either of the Parties to this Agreement
is subject to the law of any other jurisdiction, be construed as including any equivalent or analogous proceedings under the law of such other jurisdiction. 

 

	2.15	Any reference in this Agreement to “this Agreement” or any other agreement or document shall be construed as a reference to this Agreement or, as the
case may be, such other agreement or document, as amended, varied, novated or supplemented from time to time. 

  

	2.16	In this Agreement the words “clause” or “clauses” and “annexure” or “annexures” refer to clauses of
and annexures to this Agreement. 

  

	3	INTRODUCTION 

  

	3.1	Harmony is the holder of the Mining Right over the Mining Right Area. 

  

	3.2	Harmony has agreed to abandon that portion of the Mining Right Area referred to as the Merriespruit South Area, subject to the granting of the Section 102
Application by the Minister. 

  

	3.3	The Parties wish to record in writing their agreement in respect of the above and matters ancillary thereto. 

 

	4	CONDITIONS PRECEDENT 

  

	4.1	Save for clauses 1 to 5, and clauses 10,11 and 13 to 22 all of which will become effective immediately, this Agreement is subject to the fulfilment of the Conditions
Precedent that – 

  
 

 

  
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	4.1.1	the Option Cancellation Agreement shall have been entered into contemporaneously with this Agreement; 

 

	4.1.2	by not later than 17h00 on 13 September 2010, Wits Gold shall have received a certified copy of resolutions of the board of directors of Harmony –

  

	4.1.2.1	approving and, where applicable, ratifying the entering into of this Agreement; 

 

	4.1.2.2	authorising a specified person or persons to execute this Agreement and, where applicable, ratifying the execution of this Agreement by such specified person or
persons; 

  

	4.1.2.3	authorising a specified person or persons to execute the Deed of Mining Right Amendment and the Deed of Abandonment; and 

 

	4.1.2.4	authorising a specified person or persons, on its behalf, to sign and/or despatch all documents and notices to be signed and/or despatched by it under or in connection
with this Agreement; 

  

	4.1.3	by not later than 17h00 on 13 September 2010, Harmony shall have received a certified copy of resolutions of the board of directors of Wits Gold –

  

	4.1.3.1	approving and, where applicable, ratifying the entering into of this Agreement; 

 

	4.1.3.2	authorising a specified person or persons to execute this Agreement and, where applicable, ratifying the execution of this Agreement by such specified person or
persons; 

  

	4.1.3.3	authorising a specified person or persons to execute the Deed of Prospecting Right Amendment; and 

 

	4.1.3.4	authorising a specified person or persons, on its behalf, to sign and/or despatch all documents and notices to be signed and/or despatched by it under or in connection
with this Agreement; 

  

	4.1.4	by not later than 13 September 2010, the Section 102 Application has been signed on behalf of Wits Gold and submitted to the DMR with an unsigned Deed of
Abandonment and unsigned Deeds of Amendment; 

  

	4.1.5	 by not later than 17h00 on 5 November 2010, the Option Cancellation 

  
 

 

  
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Agreement has become unconditional in accordance with its terms and has been fully implemented; 

  

	4.1.6	by not later than 31 May 2011, Wits Gold has obtained funding in an amount of at least R61,000,000 (sixty one million rand) for the purpose of paying Harmony the
Consideration; 

  

	4.1.7	within 3 (three) business days following the later of the fulfilment or waiver, as the case may be, of the Condition Precedent contained in clause 4.1.6 and the
fulfilment of the Condition Precedent contained in clause 4.1.8, Wits Gold has paid the Balance of the Consideration plus VAT on the full Consideration into the Escrow Account; 

 

	4.1.8	by not later than 17h00 on 31 October 2011, the Consent has been granted by the Minister, either unconditionally or subject to such further conditions as have been
approved in writing between the Parties; 

  

	4.1.9	by not later than 10 (ten) business days following the fulfilment, or where applicable, the waiver of the last of the Conditions Precedent, the representatives of the
Parties and the Escrow Agent shall have met at the offices of the regional manager of the DMR: Welkom, at which meeting – 

  

	4.1.9.1	Harmony shall procure that the Deed of Abandonment is executed; and immediately thereafter 

 

	4.1.9.2	Harmony and Wits Gold shall procure that the Deed of Mining Right Amendment and the Deed of Prospecting Right Amendment respectively are executed.

  

	4.2	Harmony shall use commercially reasonable endeavours to procure the fulfilment of the Condition Precedent contained in clause 4.1.2 as soon as reasonably possible and
in any case prior to the expiry of the relevant time periods set out in those clauses and furnish to the other Party documents evidencing the fulfilment of such Conditions Precedent. 

 

	4.3	Wits Gold shall use commercially reasonable endeavours to procure the fulfilment of the Conditions Precedent contained in clauses 4.1.3,4.1.4, 4.1.6 and 4.1,7 as soon
as reasonably and in any case prior to the expiry of the relevant time periods set out in those clauses and furnish to the other Party documents evidencing the fulfilment of such Conditions Precedent. 

  
 

 

  
 9 

	4.4	The Parties shall use commercially reasonable endeavours and the Parties will co-operate in good faith to procure the fulfilment of the Conditions Precedent contained
in clauses 4.1.1, 4.1.5, 4,1.8 and 4.1.9 as soon as reasonably and in any case prior to the expiry of the relevant time periods set out in those clauses. 

  

	4.5	The Conditions Precedent set out in – 

  

	4.5.1	clauses 4.1.2 and 4.1.6 have been inserted for the benefit of Wits Gold which will be entitled to waive fulfilment of any of the said Conditions Precedent, in whole or
in part, on written notice to the other Party prior to the expiry of the relevant time periods set out in those clauses; 

  

	4.5.2	clauses 4.1.3, 4.1.5, 4.1.7 have been inserted for the benefit of Harmony which will be entitled to waive fulfilment of any of the said Conditions Precedent, in whole
or in part, on written notice to the other Party prior to the expiry of the relevant time periods set out in those clauses; 

  

	4.5.3	clauses 4.1.1 and 4.1.4 have been inserted for the benefit of the Parties who will be entitled to waive fulfilment of such Conditions Precedent, in whole or in part, by
written agreement prior to the expiry of the relevant time periods set out in those clause; and 

  

	4.5.4	clauses 4.1.8 and 4.1.9 are not capable of being waived. 

  

	4.6	Unless all the Conditions Precedent have been fulfilled or waived by not later than the relevant dates for fulfilment thereof set out in clause 4.1 (or such later date
or dates as may be agreed in writing between the Parties) the provisions of this Agreement, save for clauses 1 to 5, and clauses 11 and 13 to 22, which will remain of full force and effect, will never become of any force or effect and the status
quo ante will be restored as near as may be and neither of the Parties will have any claim against the other in terms hereof or arising from the failure of the Conditions Precedent, save for any claims arising from a breach of clause 4.2, 4.3
and/or clause 4.4. 

  

	5	ESCROW AMOUNT 

  

	5.1	On the Signature Date, Wits Gold shall pay the Escrow Amount to the Escrow Agent, to be held in trust in an interest bearing trust account for the benefit of Wits Gold
pending fulfilment of the Conditions Precedent. This clause 5 constitutes the mandate to the Escrow Agent in terms of section 78(2A) of the Attorneys Act, 1979. 

  
 

 

  
 10 

	5.2	The Escrow Amount shall be paid by Wits Gold by electronic transfer of immediately available and freely transferable funds into the Escrow Account.

  

	5.3	In the event that – 

  

	5.3.1	either or both of the Conditions Precedent contained in clauses 4.1.6 and 4.1.7 are not fulfilled or waived by the date for fulfilment thereof set out in those clauses
(or such later date as may be agreed in writing between the Parties); or 

  

	5.3.2	any of the other Conditions Precedent are not fulfilled as a result of any deliberate act or omission of Wits Gold intended by Wits Gold to frustrate and/or prevent
such fulfilment, 

 Wits Gold shall forfeit the Escrow Amount, which shall be paid to Harmony by way of
pre-estimated liquidated damages, it being specifically recorded that in such circumstance, Harmony shall be entitled to unilaterally instruct the Escrow Agent in writing to pay the Escrow Amount to Harmony into Harmony’s Designated Account.

  

	5.4	Harmony shall be obliged to provide Wits Gold with a copy of any instruction to the Escrow Agent given by it under the provisions of clause 5.3.

  

	5.5	The Escrow Agent shall be entitled to pay the Escrow Amount to Harmony in accordance with Harmony’s written instruction, provided that the Escrow Agent has given
Wits Gold at least 48 (forty eight) hours written notice that it intends to pay the Escrow Amount to Harmony and Wits Gold has not objected to such payment by written notice to the Escrow Agent prior to the expiry of the said 48 (forty eight) hours.
If Wits Gold has objected as contemplated in this clause 5.5, the resultant dispute may be referred by either Party for resolution in terms of clause 16. 

  

	5.6	If the Escrow Agent receives a notice from Wits Gold in accordance with the provisions of clause 5.5, it shall be obliged to retain the Escrow Amount until such time as
the Escrow Agent receives written notification signed on behalf of both Parties or written notification from the arbitrator appointed in terms of clause 16 to release the Escrow Amount to Harmony. 

 

	5.7	In the event that Wits Gold forfeits the Escrow Amount as contemplated in clause 5.3 and the Escrow Amount is paid into Harmony’s Designated Account, the interest
accruing on the Escrow Amount shall be simultaneously paid by the 

  
 

 

  
 11 

	 	
Escrow Agent into Wits Gold’s Designated Account. 

  

	5.8	In the event that the Conditions Precedent or any of them are not fulfilled (otherwise than as is contemplated in clause 5.3), the Escrow Agent shall forthwith after
the date of lapse of this Agreement as a result thereof, pay the Escrow Amount together with accrued interest thereon into Wits Gold’s Designated Account. 

 

	5.9	In the event that the Conditions Precedent are all fulfilled or waived, as the case may be, by the relevant dates set out for fulfilment thereof in clause 4.1, the
Escrow Agent shall pay an amount equal to - 

  

	5.9.1	the Escrow Amount to Harmony; and 

  

	5.9.2	the interest accrued on the Escrow Amount to Wits Gold, 

 on the Effective Date by electronic transfer of immediately available and freely transferable funds into Harmony’s Designated Account and Wits Gold’s Designated Account respectively, free of any
deductions or set-off whatsoever, in the currency of the Republic of South Africa. 
  

	5.10	Wits Gold shall, in fulfilment of the Condition Precedent contained in clause 4.1.7, pay the Balance of the Consideration, plus VAT on the full Consideration, to the
Escrow Agent, to be held in trust in an interest-bearing trust account for the benefit of Wits Gold pending fulfilment of the remainder of the Conditions Precedent. This clause 5 constitutes the mandate to the Escrow Agent in terms of section 78(2A)
of the Attorneys Act, 1979. 

  

	5.11	The amount referred to in clause 5.10 shall be paid by Wits Gold by electronic transfer of immediately available and freely transferable funds into the Escrow Account.

  

	5.12	In the event that, after payment of the Balance of the Consideration by Wits Gold in fulfilment of the Condition Precedent contained in clause 4.1.7, any of the
Conditions Precedent contained in clauses 4.1.5 or 4.1.9 are not fulfilled, then Wits Gold shall be entitled to unilaterally instruct the Escrow Agent in writing to pay the Balance of the Consideration, plus VAT on the full Consideration and accrued
interest thereon, into Wits Gold’s Designated Account. 

  

	5.13	 The Escrow Agent shall be entitled to pay the Balance of the Consideration, plus VAT on the full Consideration to Wits Gold in accordance with Wits
Gold’s written 

  
 

 

  
 12 

	 	
instruction, provided that the Escrow Agent has given Harmony at least 48 (forty eight) hours written notice that it intends to pay the said amount to Wits Gold and Harmony has not objected to
such payment by written notice to the Escrow Agent prior to the expiry of the said 48 (forty eight) hours. If Harmony has objected as contemplated in this clause 5.13, the resultant dispute may be referred by either Party for resolution in terms of
clause 16. 

  

	5.14	If the Escrow Agent receives a notice from Harmony in accordance with the provisions of clause 5.13, it shall be obliged to retain the Escrow Amount until such time as
the Escrow Agent receives written notification signed on behalf of both Parties or written notification from the arbitrator appointed in terms of clause 16 to release the Escrow Amount to Wits Gold. 

 

	5.15	In the event that all of the Conditions Precedent are fulfilled or waived, the Escrow Agent shall pay an amount equal to the Balance of the Consideration plus VAT on
the full Consideration to Harmony on the Effective Date and the interest accrued thereon to Wits Gold. 

  

	6	PAYMENT OF THE CONSIDERATION 

  

	6.1	The Consideration shall be paid as follows, an amount equal to the – 

  

	6.1.1	Escrow Amount held in escrow by the Escrow Agent, to Harmony by the Escrow Agent for and on behalf of Wits Gold; and 

 

	6.1.2	the Balance of the Consideration, plus VAT on the full Consideration, held in escrow by the Escrow Agent, to Harmony by the Escrow Agent for and on behalf of Wits Gold,

 on the Effective Date. 
  

	6.2	All payments to be made in terms of this Agreement will be made by electronic transfer of immediately available and freely transferable funds into Harmony’s
Designated Account, free of any deductions or set-off whatsoever, in the currency of the Republic of South Africa. 

  

	7	LODGEMENT OF DEEDS 

 As
soon as reasonably possible after the Effective Date, and in any event by not later than 30 (thirty) days thereafter – 
  

	7.1	 Harmony shall procure that the Deed of Abandonment and the Deed of Mining 

  
 

 

  
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Right Amendment; and 

  

	7.2	Wits Gold shall procure that the Deed of Prospecting Right Amendment, 

 are lodged simultaneously for registration in the Mining Titles Office. 
  

	8	CERTIFICATE OF REGISTRATION 

  

	8.1	Harmony has been granted a certificate of registration (“COR”) in respect of the Mining Right Area in terms of the National Nuclear Regulator Act,
1999. 

  

	8.2	Harmony intends to request the National Nuclear Regulator to amend the COR to remove the surface of the Merriespruit South Area from the COR. It is anticipated that all
operations undertaken by Harmony which are below the ground level of the Merriespruit South Area (“Underground Operations”) will remain subject to the COR. 

 

	8.3	Wits Gold hereby, unconditionally and irrevocably undertakes that – 

  

	8.3.1	it will not access the Underground Operations unless and until – 

  

	8.3.1.1	it has procured the removal of the Underground Operations from Harmony’s COR, by obtaining its own COR in respect of the Underground Operations, or by any other
means; 

  

	8.3.1.2	Harmony has been released from the COR in respect of the Underground Operations; or 

 

	8.3.1.3	Harmony has consented in writing to Wits Gold accessing the Underground Operations; 

 

	8.3.2	subject to its rights under clause 11, it shall refrain from any activity which may negatively impact Harmony’s COR; 

 

	8.3.3	to the extent that Wits Gold accesses the Underground Operations in breach of clause 8.3.1, or Harmony consents in writing to Wits Gold accessing the Underground
Operations, it shall indemnify Harmony against and hold it harmless from all claims, liability, damage, loss, penalty, expense and cost (including legal costs on an attorney and own client scale, clean-up costs and reasonable expert fees) of any
nature whatsoever which Harmony or any successor in title may sustain as a result of Wits Gold’s access to and/or operations in respect of the Underground Operations. 

  
 

 

  
 14 

	9	FLOODING 

  

	9.1	Harmony is considering the cessation or reduction of water pumping activities in respect of the Harmony 3 Shaft Operations. 

 

	9.2	Wits Gold acknowledges that the cessation or reduction of water pumping activities in respect of the Harmony 3 Shaft Operations may cause, inter alia, the
flooding of the Underground Operations. 

  

	9.3	Harmony undertakes to provide Wits Gold with not less than 30 (thirty) days written notice of its intention to cease or reduce pumping activities in respect of the
Harmony 3 Shaft Operations and shall consider, but shall not be obliged to adopt, any proposal made by Wits Gold in respect of, or as an alternative to, the cessation or reduction of water pumping activities in respect of the Harmony 3 Shaft
Operations. 

  

	9.4	Harmony shall remain responsible and liable for any liabilities (including the costs in relation thereto) that would have been imposed on it by law in regard to
Harmony’s prior mining activities and in regard to the cessation or reduction of water pumping activities in respect of the Harmony 3 Shaft Operations, had this Agreement not been entered into. 

 

	9.5	Wits Gold shall be responsible and liable for all liabilities, including all pumping liabilities and obligations, (including the costs in relation thereto) which arise
directly or indirectly as a result of any prospecting or mining activities by Wits Gold which take place in, on or under the Merriespruit South Area after the Signature Date. 

 

	9.6	Wits Gold hereby, irrevocably and unconditionally – 

  

	9.6.1	acknowledges that any decision to cease or reduce water pumping activities in respect of the Harmony 3 Shaft Operations, will be at the sole and unfettered discretion
of Harmony and accepts all risk, insofar as it relates to the Merriespruit South Area, and in particular the Underground Operations, arising directly or indirectly out of the cessation or reduction of water pumping activities in respect of the
Harmony 3 Shaft Operations, subject to the provisions of clauses 9.4 and 9.5; 

  

	9.6.2	 indemnifies Harmony against and shall hold it harmless from all claims, liability, damage, loss, penalty, expense and cost (including legal costs on an
attorney and own client scale, clean-up costs and reasonable expert fees) of 

  
 

 

  
 15 

	 	
any nature whatsoever which Wits Gold or any successor in title may sustain as a result of the cessation or reduction of water pumping activities in respect of the Harmony 3 Shaft Operations,
subject to the provisions of clauses 9.4 and 9.5; and 

  

	9.6.3	undertakes not to lodge any objection, of any nature whatsoever in respect of such cessation or reduction of water pumping activities in respect of the Harmony 3 Shaft
Operations. 

  

	10	ACCESS TO INFORMATION 

  

	10.1	Forthwith after the Signature Date, Harmony will procure that Wits Gold and its representatives are, during business hours, given full and unrestricted access to all
information, books of account, records and other documents in respect of the Merriespruit South Area as may reasonably be required by Wits Gold for the purposes of analysing the Merriespruit South Area, including but not limited to, all diamond
drill cores, related geological reports, assay results, bore hole logs, survey data, maps and reports (“Information”). 

  

	10.2	In the event that the Agreement fails to become unconditional in accordance with the provisions of clause 4, Wits Gold will be required to forthwith –

  

	10.2.1	return all Information provided by Harmony in terms of clause 10.1 (whether in paper, electronic or other format) without keeping any copies or partial copies thereof;

  

	10.2.2	destroy or delete, and procure the destruction or deletion of all analyses, compilations, notes, studies, memoranda or other documents prepared by Wits Gold which
contain or otherwise reflect or are generated from the Information; and 

  

	10.2.3	confirm in writing to Harmony that Wits Gold has fully complied with the provisions of clauses 10.2.1 and 10.2.2. 

 

	11	DRILLING OPERATIONS 

  

	11.1	 From the Signature Date to the earlier of the date of completion of the Drilling Operations or the date on which this Agreement lapses in accordance
with the provisions of clause 4.6, subject to a maximum period of 180 (one hundred and eighty) days, Harmony shall allow Wits Gold access to the Merriespruit South Area in order to allow Wits Gold to conduct the Drilling Operations, which Drilling

  
 

 

  
 16 

	 	
Operations shall be undertaken at the sole cost and expense of Wits Gold as independent contractor as contemplated by section 101 of the MPRDA. 

 

	11.2	Wits Gold hereby, irrevocably and unconditionally – 

  

	11.2.1	undertakes that in performing the Drilling Operations, it will comply in all respects, with all applicable laws and regulatory obligations and/or requirements,
including such obligations and/or requirements as may be imposed on Harmony, as holder of the Mining Right, were Harmony to undertake the Drilling Operations; 

 

	11.2.2	undertakes to and in favour of Harmony, that the Drilling Operations shall not, in any way, impact adversely on the mining operations of Harmony in respect of the
Mining Right Area; 

  

	11.2.3	indemnifies Harmony against and shall hold it harmless from all claims, liability, damage, loss, penalty, expense and cost (including legal costs on an attorney and own
client scale, clean-up costs and reasonable expert fees) of any nature whatsoever which Harmony may sustain as a result of or attributable to all or any rehabilitation costs incurred in relation to the Drilling Operations, including all costs of and
incidental to the rehabilitation of the Merriespruit South Area flowing from such Drilling Operations; and 

  

	11.2.4	indemnifies Harmony against and shall hold it harmless from all claims, liability, damage, loss, penalty, expense and cost (including legal costs on an attorney and own
client scale, clean-up costs and reasonable expert fees) of any nature whatsoever which Harmony may sustain under the COR in relation to the Drilling Operations, including all costs of and incidental to the rehabilitation of the Merriespruit South
Area flowing from such Drilling Operations. 

  

	11.3	 Wits Gold shall be entitled to retain as its property all information and data gathered and drill core received as a result of the Drilling Operations,
notwithstanding any lapse or cancellation of this Agreement. In the event that this Agreement fails to become unconditional in accordance with the provisions of clause 4, Wits Gold shall forthwith provide Harmony with copies of all such information
and data gathered, provided that Harmony shall not, unless such information and/or data has become generally available to the public, use, disseminate, dispose of or distribute such information and/or data without the prior written consent of Wits
Gold, which consent shall not be unreasonably 

  
 

 

  
 17 

	 	
withheld or delayed. 

  

	12	INTEREST 

 Should any
payment under or arising from this Agreement fail to be made on the due date thereof then, without prejudice to such other rights as may accrue to the payee consequent upon such failure, such overdue amounts will bear interest at the Prime Rate plus
300 (three hundred) basis points, from the due date for payment to the date of actual payment, both dates inclusive. 
  

	13	GENERAL WARRANTIES 

  

	13.1	Each of the Parties hereby warrants to and in favour of the other that – 

 

	13.1.1	it has the legal capacity and has taken all necessary corporate action required to empower and authorise it to enter into this Agreement; 

 

	13.1.2	this Agreement constitutes an agreement valid and binding on it and enforceable against it in accordance with its terms; 

 

	13.1.3	the execution of this Agreement and the performance of its obligations hereunder does not and shall not – 

 

	13.1.3.1	contravene any law or regulation to which that Party is subject; 

  

	13.1.3.2	contravene any provision of that Party’s constitutional documents; or 

 

	13.1.3.3	conflict with, or constitute a breach of any of the provisions of any other agreement, obligation, restriction or undertaking which is binding on it; and

  

	13.1.4	to the best of its knowledge and belief, it is not aware of the existence of any fact or circumstance that may impair its ability to comply with all of its obligations
in terms of this Agreement; 

  

	13.1.5	it is entering into this Agreement as principal (and not as agent or in any other capacity); 

 

	13.1.6	the natural person who signs and executes this Agreement on its behalf is validly and duly authorised to do so; 

 

	13.1.7	no other party is acting as a fiduciary for it; and 

  

	13.1.8	it is not relying upon any statement or representation by or on behalf of any 

  
 

 

  
 18 

	 	
other Party, except those expressly set forth in this Agreement. 

  

	13.2	Each of the representations and warranties given by the Parties in terms of clause 13.1 shall – 

 

	13.2.1	be a separate warranty and will in no way be limited or restricted by inference from the terms of any other warranty or by any other words in this Agreement;

  

	13.2.2	continue and remain in force notwithstanding the completion of any or all the transactions contemplated in this Agreement; and 

 

	13.2.3	prima facie be deemed to be material and to be a material representation inducing the other Party to enter into this Agreement. 

 

	14	PUBLICITY 

  

	14.1	Subject to clause 14.3, each Party undertakes to keep confidential and not to disclose to any third party, save as may be required in law (including by the rules of any
recognised securities exchange, where applicable) or permitted in terms of this Agreement, the nature, content or existence of this Agreement and any and all information given by a Party to the other Party pursuant to this Agreement.

  

	14.2	No announcements of any nature whatsoever will be made by or on behalf of a Party relating to this Agreement without the prior written consent of the other Party, which
consent shall not be unreasonably withheld or delayed, save for any announcement or other statement required to be made in terms of the provisions of any law or by the rules of any recognised securities exchange, in which event the Party obliged to
make such statement will first consult with the other Party in order to enable the Parties in good faith to attempt to agree the content of such announcement, which (unless agreed) must go no further than is required in terms of such law or rules.
This will not apply to a Party wishing to respond to the other Party which has made an announcement of some nature in breach of this clause 14. 

  

	14.3	This clause 14 shall not apply to any disclosure made by a Party to its officers, employees, agents, professional advisors or consultants, provided that they have
agreed to the same confidentiality undertakings, or to any judicial, regulatory or arbitral tribunal or officer, in connection with any matter relating to this Agreement or arising out of it. 

  
 

 

  
 19 

	15	BREACH 

  

	15.1	If a Party (“Defaulting Party”) commits any breach of this Agreement and fails to remedy such breach within 10 (ten) business days (“Notice
Period”) of written notice requiring the breach to be remedied, then the Party giving the notice (“Aggrieved Party”) will be entitled, at its option – 

 

	15.1.1	to claim immediate specific performance of any of the Defaulting Party’s obligations under this Agreement, with or without claiming damages, whether or not such
obligation has fallen due for performance; or 

  

	15.1.2	to cancel this Agreement, with or without claiming damages, in which case written notice of the cancellation shall be given to the Defaulting Party, and the
cancellation shall take effect on the giving of the notice. 

  

	15.2	Neither Party shall be entitled to cancel this Agreement unless the breach is a material breach. A breach will be deemed to be a material breach if –

  

	15.2.1	it is capable of being remedied, but is not so remedied within the Notice Period; or 

 

	15.2.2	it is incapable of being remedied, or is not remedied within the Notice Period; and payment in money will compensate for such breach but such payment is not made within
the Notice Period. 

  

	15.3	The Parties agree that any costs awarded will be recoverable on an attorney-and-own-client scale unless the Court specifically determines that such scale shall not
apply, in which event the costs will be recoverable in accordance with the High Court tariff, determined on an attorney-and-client scale. 

  

	15.4	The Aggrieved Party’s remedies in terms of this clause 15 are without prejudice to any other remedies to which the Aggrieved Party may be entitled in law.

  

	15.5	Notwithstanding the aforegoing, from the Effective Date, neither of the Parties will have the right to cancel this Agreement as a result of a breach thereof, and the
Parties’ only remedies thereafter will be to claim specific performance of all the Defaulting Party’s obligations, together with damages, if any. 

 

	16	DISPUTE RESOLUTION 

  

	16.1	In the event of there being any dispute or difference between the Parties arising out of this Agreement, the said dispute or difference shall on written demand by

  
 

 

  
 20 

	 	
either Party be submitted to arbitration in Johannesburg in accordance with the AFSA rules, which arbitration shall be administered by AFSA. 

 

	16.2	Should AFSA, as an institution, not be operating at that time or not be accepting requests for arbitration for any reason, then the arbitration shall be conducted in
accordance with the AFSA rules for commercial arbitration (as last applied by AFSA) before an arbitrator appointed by agreement between the Parties or failing agreement within 10 (ten) business days of the demand for arbitration, then either Party
shall be entitled to forthwith call upon the chairperson of the Johannesburg Bar Council to nominate the arbitrator, provided that the person so nominated shall be an advocate of not less than 15 (fifteen) years standing as such. The person so
nominated shall be the duly appointed arbitrator in respect of the dispute. In the event of the attorneys of the Parties failing to agree on any matter relating to the administration of the arbitration, such matter shall be referred to and decided
by the arbitrator whose decision shall be final and binding on the Parties. 

  

	16.3	Either Party may appeal the decision of the arbitrator or arbitrators in terms of the AFSA rules for commercial arbitration. 

 

	16.4	Nothing herein contained shall be deemed to prevent or prohibit a Party from applying to the appropriate court for urgent relief or for judgment in relation to a
liquidated claim. 

  

	16.5	Any arbitration in terms of this clause 16 (including any appeal proceedings) shall be conducted in camera and the Parties shall treat as confidential details of
the dispute submitted to arbitration, the conduct of the arbitration proceedings and the outcome of the arbitration. 

  

	16.6	This clause 16 will continue to be binding on the Parties notwithstanding any termination or cancellation of the Agreement. 

 

	16.7	The Parties agree that the written demand by a Party in terms of clause 16.1 that the dispute or difference be submitted to arbitration, is to be deemed to be a legal
process for the purpose of interrupting extinctive prescription in terms of the Prescription Act, 1969. 

  

	17	NOTICES AND DOMICILIA 

  

	17.1	The Parties select as their respective domicilia citandi et executandi the following physical addresses, and for the purposes of giving or sending any notice

  
 

 

  
 21 

	 	
provided for or required under this Agreement, the said physical addresses as well as the following telefax numbers - 

 

					
	 Name
	  	 Physical Address
	  	 Telefax

	Harmony	  	 Block 27
 Randfontein Office
Park
 Cnr Main Reef Road and
 Ward
Avenue
 Randfontein
	  	+27 (0)86 628 2332

 Marked for the attention of: The Chief Executive Officer 

 

					
	 Name
	  	 Physical Address
	  	 Telefax

	Wits Gold	  	
12th Floor
 70 Fox Street
 Johannesburg
	  	(011) 838 3208

 Marked for the attention of: The Company Secretary 

provided that a Party may change its domicilium or its address for the purposes of notices to any other physical address or telefax
number by written notice to the other Party to that effect. Such change of address will be effective 5 (five) business days after receipt of the notice of the change. 
  

	17.2	All notices to be given in terms of this Agreement will be given in writing and will - 

 

	17.2.1	be delivered by hand or sent by telefax; 

  

	17.2.2	if delivered by hand during business hours, be presumed to have been received on the date of delivery. Any notice delivered after business hours or on a day which is
not a business day will be presumed to have been received on the following business day; and 

  

	17.2.3	if sent by telefax during business hours, be presumed to have been received on the date of successful transmission of the telefax. Any telefax sent after business hours
or on a day which is not a business day will be presumed to have been received on the following business day. 

  

	17.3	Notwithstanding the above, any notice given in writing, and actually received by the Party to whom the notice is addressed, will be deemed to have been properly given
and received, notwithstanding that such notice has not been given in accordance with this clause 17. 

  

	18	BENEFIT OF THE AGREEMENT 

This Agreement will also be for the benefit of and be binding upon the successors in

  
 

 

  
 22 

 
title and permitted assigns of the Parties or either of them. 
  

	19	APPLICABLE LAW AND JURISDICTION 

  

	19.1	This Agreement will in all respects be governed by and construed under the laws of the Republic of South Africa. 

 

	19.2	For the purpose of clause 16.4 or for the purpose of making the arbitration award an order of court, the Parties hereby consent and submit to the non-exclusive
jurisdiction of the South Gauteng High Court, Johannesburg in any dispute arising from or in connection with this Agreement. The Parties agree that any costs awarded will be recoverable on an attorney-and-own-client scale unless the Court
specifically determines that such scale shall not apply, in which event the costs will be recoverable in accordance with the High Court tariff, determined on an attorney-and-client scale. 

 

	20	GENERAL 

  

	20.1	Whole Agreement 

  

	20.1.1	This Agreement constitutes the whole of the agreement between the Parties relating to the matters dealt with herein and, save to the extent otherwise provided herein,
no undertaking, representation, term or condition relating to the subject matter of this Agreement not incorporated in this Agreement shall be binding on either of the Parties. 

 

	20.1.2	This Agreement supersedes and replaces any and all agreements between the Parties (and other persons, as may be applicable) and undertakings given to or on behalf of
the Parties (and other persons, as may be applicable) in relation to the subject matter hereof. 

  

	20.2	Variations to be in Writing 

 No addition to or variation, deletion, or agreed cancellation of all or any clauses or provisions of this Agreement will be of any force or effect unless in writing and signed by the Parties. 

 

	20.3	No Indulgences 

 No
latitude, extension of time or other indulgence which may be given or allowed by any Party to the other Party in respect of the performance of any obligation hereunder, and no delay or forbearance in the enforcement of any right of any

  
 

 

  
 23 

 
Party arising from this Agreement and no single or partial exercise of any right by any Party under this Agreement, shall in any circumstances be construed to be an implied consent or election by
such Party or operate as a waiver or a novation of or otherwise affect any of the Party’s rights in terms of or arising from this Agreement or estop or preclude any such Party from enforcing at any time and without notice, strict and punctual
compliance with each and every provision or term hereof. Failure or delay on the part of any Party in exercising any right, power or privilege under this Agreement will not constitute or be deemed to be a waiver thereof, nor will any single or
partial exercise of any right, power or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege. 
  

	20.4	No Waiver or Suspension of Rights 

 No waiver, suspension or postponement by any Party of any right arising out of or in connection with this Agreement shall be of any force or effect unless in writing and signed by such Party. Any such
waiver, suspension or postponement will be effective only in the specific instance and for the purpose given. 
  

	20.5	Provisions Severable 

 All
provisions and the various clauses of this Agreement are, notwithstanding the manner in which they have been grouped together or linked grammatically, severable from each other. Any provision or clause of this Agreement which is or becomes
unenforceable in any jurisdiction, whether due to voidness, invalidity, illegality, unlawfulness or for any other reason whatever, shall, in such jurisdiction only and only to the extent that it is so unenforceable, be treated as pro non
scripto and the remaining provisions and clauses of this Agreement shall remain of full force and effect. The Parties declare that it is their intention that this Agreement would be executed without such unenforceable provision if they were
aware of such unenforceability at the time of execution hereof. 
  

	20.6	Continuing Effectiveness of Certain Provisions 

 The expiration or termination of this Agreement shall not affect such of the provisions of this Agreement as expressly provide that they will operate after any such expiration or termination or which of
necessity must continue to have effect after such expiration or termination, notwithstanding that the clauses themselves do not expressly provide for this. 

  
 

 

  
 24 

	20.7	No Assignment 

 Neither
this Agreement nor any part, share or interest herein nor any rights or obligations hereunder may be ceded, delegated or assigned by either Party without the prior written consent of the other Party, save as otherwise provided herein. 

 

	21	COSTS 

 Each Party will
bear and pay its own legal costs and expenses of and incidental to the negotiation, drafting, preparation and implementation of this Agreement. 
  

	22	SIGNATURE 

  

	22.1	This Agreement is signed by the Parties on the dates and at the places indicated below. 

 

	22.2	This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same Agreement as at
the date of signature of the Party last in time signing one of the counterparts. 

  

	22.3	The persons signing this Agreement in a representative capacity warrant their authority to do so. 

 

	22.4	The Parties record that it is not required for this Agreement to be valid and enforceable that a Party shall initial the pages of this Agreement and/or have its
signature of this Agreement verified by a witness. 

 SIGNED at Sandton on 3 September 2010 

 

	
	For and on behalf of
	HARMONY GOLD MINING COMPANY LIMITED
	
	 

	Signature
	 A.J. Boshoff

	Name of Signatory
	 Executive

	Designation of Signatory

  
 

 

  
 25 

 SIGNED at SANDTON on 3 SEPTEMBER 2010 

 

	
	For and on behalf of
	WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED
	
	 

	Signature
	 D M URQUHART

	Name of Signatory
	 CFO

	Designation of Signatory

  
 

 

  
 26 

 ANNEXURE “1” 

DEED OF ABANDONMENT 
 Protocol 
 NOTARIAL ABANDONMENT OF A CERTAIN PORTION OF 

A MINING RIGHT 
 BE IT
HEREBY MADE KNOWN: 
 THAT on the [—] day of
[—], before me, 
 [NOTARY PUBLIC] 

Notary Public, duly admitted and sworn, residing and practising at Johannesburg in the Province of Gauteng, and in the presence of the subscribing
witnesses, personally came and appeared - 
 [APPEARER] 
 in his/her capacity as the attorney and agent of 
 HARMONY GOLD MINING COMPANY LIMITED

 (registration number 1950/038232/06) 
 (hereinafter referred to as the “Holder”), 
 [s/he], the said Appearer, being
duly authorised hereto under and by virtue of a power of attorney granted in [his/her] favour on the [—] day of [—] by [—], in his capacity as the duly authorised representative of the Holder under and by virtue of a resolution of the directors of the Holder passed on the
[—] day of [—], which power of attorney and certified copy of which resolution has this day been exhibited to me, the Notary, and now remain filed in
my Protocol; 
 AND THE APPEARERS DECLARED THAT WHEREAS: 
  

	A	 the Holder holds mining right number FS 30/5/1/2/2/82 MR granted in terms of section 23(1) of the Mineral and Petroleum Resources Development Act, 2002
(“MPRDA”) which was notarially executed on [INSERT DATE] before Notary Public, [INSERT NOTARY], and duly registered in the Mining Titles Office in 

  
 

 

	 	
[INSERT PLACE] on [INSERT DATE] under registration number [—] in respect [INSERT AREA] [CDH Note: Details to be inserted] (“Mining
Right”); and 

  

	B	the Holder wishes to abandon a portion of the Mining Right, subject to the terms and conditions set out below. 

 

	1.	ABANDONMENT 

 The Holder,
in accordance with section 56(f) of the MPRDA and in accordance with clause [—] of the Mining Right hereby abandons [—]. 

 

	2.	BALANCE OF MINING RIGHT 

The remaining portions of the Mining Right not abandoned as set out above shall remain of full force and effect. 

THUS DONE AND EXECUTED at Sandton on the day, month and year first aforewritten in the presence of the undersigned witnesses. 

AS WITNESSES 
  

							
	1.	 	  
	 		 	  

		 		 		 	q.q. HOLDER
				
	2.	 	  
	 		 	
				
		 		 		 	  

		 		 		 	 QUOD ATTESTOR
 NOTARY
PUBLIC

  
 

 

 ANNEXURE “2” 

DEED OF AMENDMENT OF MINING RIGHT 
 Protocol 
 NOTARIAL AMENDMENT OF MINING RIGHT 

BE IT HEREBY MADE KNOWN: 
 THAT
on the [—] day of [—], before me, 
 [NOTARY PUBLIC] 
 Notary Public, duly admitted and sworn, residing and practising at
Johannesburg in the Province of Gauteng, and in the presence of the subscribing witnesses, personally came and appeared – 

[APPEARER] 
 in his/her
capacity as the attorney and agent of 
  

	1.	HARMONY GOLD MINING COMPANY LIMITED 

 (registration number 1950/038232/06) 
 (hereinafter referred to as the
“Holder”), 
 [s/he], the said Appearer, being duly authorised hereto under and by virtue of a
power of attorney granted in [his/her] favour on the [—] day of [—] by [—], in his capacity as the
duly authorised representative of the Holder under and by virtue of a resolution of the directors of the Holder passed on the [—] day of [—],

 and 
  

	2	The Minister of Mineral Resources represented by the Regional Manager: Free State, he being duly authorised by a power of attorney signed by the Acting Deputy
Director-General: Mineral Regulation, he being duly authorised by virtue of a delegation of powers dated [—], 

 which powers of attorney and certified copy of which resolution have this day been exhibited to me, the Notary, and now remain filed in my Protocol; 

AND THE APPEARERS DECLARED THAT WHEREAS: 

  
 

 

	A	the Holder holds mining right number FS 30/5/1/2/2/82 MR granted in terms of section 23(1) of the Mineral and Petroleum Resources Development Act, 2002 which was
notarially executed on [INSERT DATE] before Notary Public, [INSERT NOTARY], and duly registered in the Mining Titles Office in [INSERT PLACE] on [INSERT DATE] under registration number [—] in respect
of [INSERT AREA] [CDH Note: Details to be inserted] (“Mining Right”); and 

  

	B	the Holder wishes to amend the Mining Right, as set out below. 

  

	1.	INTRODUCTION 

 Consequent
upon the grant of an application under section 102(1) of the MPRDA by the Minister of Mineral Resources on [—], the Holder has abandoned a portion of the Mining Area of the Mining Right
(“Abandonment”) with effect from the date of execution of this deed, as set out below. 
  

	2.	AMENDMENT 

 The Mining
Right, in accordance with the Abandonment is amended with effect from the date of notarial execution of this notarial amendment by excluding [—], such that the Mining Area referred to in clause [—] of the Mining Right, as a result of this amendment, is [—], 
 THUS DONE AND EXECUTED at Sandton on the day, month and year first aforewritten in the presence of the undersigned witnesses. 
 AS WITNESSES 
  

							
	1.	 	  
	 		 	  

		 		 		 	q.q. HOLDER
				
	2.	 	  
	 		 	  

		 		 		 	q.q. MINISTER OF MINERALS RESOURCES
				
		 		 		 	  

		 		 		 	 QUOD ATTESTOR
 NOTARY
PUBLIC

  
 

 

 ANNEXURE “3” 

DEED OF AMENDMENT OF PROSPECTING RIGHT 
 Protocol 
 NOTARIAL AMENDMENT OF PROSPECTING RIGHT 

BE IT HEREBY MADE KNOWN: 
 THAT
on the [—] day of [—], before me, 
 [NOTARY PUBLIC] 
 Notary Public, duly admitted and sworn, residing and practising at
Johannesburg in the Province of Gauteng, and in the presence of the subscribing witnesses, personally came and appeared – 

[APPEARER] 
 in his/her
capacity as the attorney and agent of 
  

	1.	WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED 

 (registration number 2002/031361/06) 
 (hereinafter referred to as the
“Holder”), 
 [s/he], the said Appearer, being duly authorised hereto under and by virtue of a power of attorney
granted in [his/her] favour on the [—] day of [—] by [—], in his capacity as the duly authorised
representative of the Holder under and by virtue of a resolution of the directors of the Holder passed on the [—] day of [—], 

and 
  

	2	The Minister of Mineral Resources represented by the Regional Manager: Free State, he being duly authorised by a power of attorney signed by the Acting Deputy
Director-General: Mineral Regulation, he being duly authorised by virtue of a delegation of powers dated [—], 

 which powers of attorney and certified copy of which resolution have this day been exhibited to me, the Notary, and now remain filed in my Protocol; 

  
 

 

 AND THE APPEARERS DECLARED THAT WHEREAS: 

 

	A	the Holder holds prospecting right number FS30/5/1/1/2/76 PR granted in terms of section 17(1) of the Mineral and Petroleum Resources Development Act, 2002 which was
notarially executed on [INSERT DATE] before Notary Public, [INSERT NOTARY], and duly registered in the Mining Titles Office in [INSERT PLACE] on [INSERT DATE] under registration number [—] in respect
of [INSERT AREA] [CDH Note: Details to be inserted] (“Prospecting Right”); 

  

	B	Harmony Gold Mining Company Limited has abandoned, in accordance with section 56(f) of the MPRDA (“Abandonment”), the following portion of its mining
right – [—] (“Abandoned Portion”); and 

  

	C	the Holder wishes to amend the Prospecting Right, as set out below. 

  

	1.	INTRODUCTION 

 Consequent
upon the Abandonment of the Abandoned Portion, the Abandoned Portion will be added to the Prospecting Right with effect from the date of execution of this deed, as set out below. 

 

	2.	AMENDMENT 

 The
Prospecting Right is amended with effect from the date of notarial execution of this notarial amendment by including the Abandoned Portion, such that the Prospecting Area referred to in clause [—] of
the Prospecting Right, as a result of this amendment, is [—]. 
 THUS DONE AND EXECUTED
at Sandton on the day, month and year first aforewritten in the presence of the undersigned witnesses. 
 AS WITNESSES 

 

							
	1.	 	  
	 		 	  

		 		 		 	q.q. HOLDER

  
 

 

							
				
	2.	 	  
	 		 	  

		 		 		 	q.q. MINISTER OF MINERALS RESOURCES
				
		 		 		 	  

		 		 		 	 QUOD ATTESTOR
 NOTARY
PUBLIC

  
 

 

 ANNEXURE “4” 

PLAN OF MERRIESPRUIT SOUTH AREA 

  
 

 

 

 

 ANNEXURE “5” 

MINING RIGHT 

  
 

 

 DME 388 

 

					
		  	

	  	  
 FS 30/5/1/2/2/82 MR

C/2005/12/20/001

 DEPARTMENT OF MINERALS AND ENERGY 

REPUBLIC OF SOUTH AFRICA 
 CONVERTED MINING RIGHT 
 Converted in terms of Item 7 of Schedule II of
the Mineral and Petroleum Resources Development Act, 
 2002 (Act No. 28 of 2002) 

 
 

 
 Minerals and Energy for Development and Prosperity 

 
 

 

 TABLE OF CONTENTS 

 

					
	 Heading
	  	 Clause
	 
	 Preamble
	  			
	 Definitions
	  			
	 Description of the Mining Area
	  	 	1	  
	 Conversion of Mining Right
	  	 	2	  
	 Commencement, Duration and Renewal
	  	 	3	  
	 Amendment, Variation and Abandonment
	  	 	4	  
	 Payment of Royalties
	  	 	5	  
	 Payment of Interest
	  	 	6	  
	 Restrictions and Obligations Imposed on the Holder
	  	 	7	  
	 Conditions on Disposal of Minerals and or Products Derived from Mining
	  	 	8	  
	 Mortgage, Cession, Transfer, and Alienation
	  	 	9	  
	 Protection of Boreholes, Shafts, Adits, Openings and Excavations
	  	 	10	  
	 Holder’s liability for Compensation for Loss or damage
	  	 	11	  
	 Inspection of Mining Area
	  	 	12	  
	 Cancellation or Suspension of Mining Right
	  	 	13	  
	 Records and Returns
	  	 	14	  
	 Minister’s liability for payment of Compensation
	  	 	15	  
	 Compliance with the Laws of the Republic of South Africa
	  	 	16	  
	 Provisions relating to Section 2(d) and (f) of the Act
	  	 	17	  
	 Social and Labour Plan
	  	 	18	  
	 Severability
	  	 	19	  
	 Domicilia citandi et executandi
	  	 	20	  
	 Costs
	  	 	21	  

  
 

             
  

 Converted Mining Right:: Converted in terms of item 7 of the Mineral and Petroleum Resources
Development Act, No. 28 of 2002 

  
 2 

					
		 		  	Protocol No 294/2007
		 		  	File No
		 		  	[FS] 30/5/1/2/2/82 MR
		 		  	Application No
		 		  	C/2005/12/20/001

 LET IT HEREBY BE MADE KNOWN: 
 THAT on this 11th day of DECEMBER in the year 2007, before me, ADOLPH JOHANNES DE LA REY a Notary Public, duly sworn and admitted, residing and practising at WELKOM, in the FREE STATE Province of South Africa, and in the
presence of the subscribing competent witnesses, personally came and appeared: 
 KALIPA KEWUTI, Acting Regional Manager, FREE
STATE Region of the Department of Minerals and Energy, and as such in his / her capacity as the duty authorised representative of: 

  

			
	THE MINISTER OF MINERALS AND ENERGY	 	

            

  

 Converted Mining Right:: Converted in terms of item 7 of the Mineral and Petroleum Resources
Development Act, No. 28 of 2002 

  
 3 

 The said Regional Manager, being duly authorised thereto under and by virtue of a Power
of Attorney granted by the DIRECTOR-GENERAL: MINERALS AND ENERGY of the Department of Minerals and Energy on the
27TH day of SEPTEMBER in the year 2007 in terms of the powers delegated by the Minister on the 12th day of May 2004 in terms of section 103 (1) of the Act. 

AND GEORGE EDWARD WARREN DE WIT 

(REPRESENTATIVE’S SURNAME AND INITIALS) in his/her personal capacity or as the company’s (POSITION OF REPRESENTATIVE) and as such, the duly
authorised representative of HARMONY GOLD MINING COMPANY LIMITED, Registration number: 
  

																															
		 	 1

 
	 	9	 	5	 	0	 	/	 	0	 	3	 	8	 	2	 	3	 	2	 	/	 	0	 	6	 	 

 (Hereinafter together with his/her/its successors in title and assigns referred to as “the
Holder”, he/she, the said representative, being duly authorised thereto under and by virtue of a power of attorney/resolution of directors of the Holder, signed or passed at JOHANNES BURG on the 10th day of DECEMBER in the year 2007 which power of attorney or a
certified copy of a resolution has this day been exhibited to me, the notary, and remain filed of record in my protocol with the minutes hereof.) 
 AND THE MINISTER AND HOLDER DECLARED THAT: 
  

			
	WHEREAS	  	The State is the custodian of the Nation’s mineral and petroleum resources in terms of section 3 of the Act.
		
	AND WHEREAS	  	The Holder has applied for conversion of an old order mining right in terms of Item 7 of Schedule 2 to the Act,
		
	AND WHEREAS	  	The DIRECTOR-GENERAL: MINERALS AND ENERGY of the Department of Minerals and Energy has by virtue of powers delegated to him, converted the Holder’s old order, mining
right in terms of Item 7 of the Schedule to the Act.

 NOW THEREFORE THE MINISTER CONVERTS THE HOLDER’S OLD ORDER MINING RIGHT SUBJECT TO THE FOLLOWING TERMS AND
CONDITIONS: 
  
 

             
  
 Converted Mining Right:: Converted in terms of item 7 of the Mineral and Petroleum Resources Development Act, No. 28 of 2002 

  
 4 

 Definitions 
 In this mining right, the following words and expressions shall have the following meanings: 

“Act” means the Mineral and Petroleum Resources Development Act, 2002 (Act 28 of 2002) and includes the Regulations, guidelines,
circulars, directives and orders made in terms of that Act; 
 “Environmental Management Programme” is as defined in the
Act and includes any other Environmental Management Programme approved in terms of the previous mining legislation; 

“Financial year” means a complete financial year of the Holder which, at the time of the granting of this
mining right, commences on 1st day of JULY in the year
2007; and ends on 30th day of JUNE in the year 2008;

 “Holder” is as defined in the Act, and specifically in relation to this right, it means HARMONY GOLD MINING
COMPANY LIMITED, Registration No 195003823206; 
 “Mineral” is as defined in the Act, and specifically in relation
to this right means GOLD ORE; 
 “Mining Area” is as defined in the Act and includes any additional area of
environmental liability as may be reflected on the Environmental Management Programme relating to this right; 
 “Mining
right” is as defined in the Act and includes all the Annexures to it, agreements and inclusions by reference; 
 “Mining
Work Programme” is as defined in the Act and as reflected in the attached Annexure “A” to this mining right; 
 “Minister” means the Minister of Minerals and Energy and includes the successors in title, the assignee or any person duly authorised to act in the Minister’s place and stead;

 “Old order mining right” is as defined in the Schedule to the Act. 
 “Regional Manager” is as defined in the Act and specifically in relation to this right means the Regional Manager for the FREE STATE Region of the Department of
Minerals and Energy; 
 “Social and Labour Plan”, is as contemplated in regulation 46 of the Regulations to the Act and
is as reflected in the attached Annexure “B” to this mining right; and 
  
 

             
  
 Converted Mining Right:: Converted in terms of item 7 of the Mineral and Petroleum Resources Development Act, No. 28 of 2002 

  
 5 

	1.	Description of the Mining Area 

 The Mining Area shall comprise the following: 
  

			
	Certain:	 	VARIOUS PROPERTIES
	 Situated:
	 	     Magisterial District of WELKOM AND VIRGINIA
[FREE STATE PROVINCE]

	 Measuring:
	 	 2 2582,9876 hectares in extent.

 (In the case of various farms being involved, a list can be attached and referred to as
Annexure “C”); Which Mining Area is described in detail on the attached Diagram/plan marked Annexure “D”. 
  

	2.	Conversion of Old Order Mining Right 

 Without detracting from the provisions of Item 7 of the schedule to the Act, sections 5 and 25 of the Act, the Minister converts the holder’s old order right and grants to the Holder the sole
and exclusive right to mine, and recover the mineral/s in, on and under the mining area for the Holder’s own benefit and account, and to deal with, remove and sell or otherwise dispose of the mineral/s, subject to the terms and conditions of
this mining right, the provisions of the Act and any other relevant law in force for the duration of this right. 
  

	3.	Commencement, Duration and Renewal 

  

	3.1.	 This mining right shall commence on 11th DECEMBER 2007 and, unless cancelled or suspended in terms of clause 13 of this right and or section 47 of the Act,
will continue to be in force for a period of 22 [TWENTY-TWO] years ending on 10th DECEMBER, 2029. 

  

	3.2.	The Holder must continue to conduct mining operations failing which this right may be cancelled or suspended. 

 

	3.3.	Any application for renewal must be submitted to the Regional Manger not later than 60 working days prior to the date of expiry of this right. 

 

	4.	Amendments, Variation and Abandonment 

  

	4.1.	The terms of this right (including by extension of the area covered by it or by the addition of minerals or a share or shares or seams, mineralized bodies, or strata,
which are not at the time the subject thereof) may not be amended or varied without the written consent of the Minister. 

  

	4.2.	The Holder shall be entitled to abandon or relinquish the right or the area covered by the right entirely or in part. Upon abandonment or relinquishment of the mining
area or any portion thereof, the Holder must: 

  
 

             
  
 Converted Mining Right:: Converted in terms of item 7 of the Mineral and Petroleum Resources Development Act, No. 28 of 2002 

  
 6 

	4.2.1.	Furnish the Regional Manager with all prospecting and /or mining results and/or information, as well as the general evaluation of the geological, geophysical and
borehole data in respect of such abandoned area in so far as it applies to the mineral or any other mineral/s obtained in respect of this right and, 

  

	4.2.2.	Apply for a closure certificate in terms of section 43 (3) of the Act. 

 

	4.3	With effect from the date the Holder has abandoned or relinquished a portion or portions of the mining area, and subject to section 43 of the Act, the Minister is
entitled to grant any right, permit, or permission referred to in the Act in, on, or under the portion/s, so abandoned or relinquished, to any person/s. 

  

	5.	Payment of Royalties and other Monies 

  

	 	5.1.	The Holder shall as contemplated in section 25 (2) (g) pay to the State throughout the duration of this mining right, any royalties payable in terms of any
Act or Amendment to an Act of Parliament implemented. 

  

	 	5.2.	If, prior to the commencement of the Act, the Holder of this right paid any royalties, levies, fees, or consideration to the state, the Holder shall continue to pay
same applicable to such old order mining right until such time a relevant Act of parliament is implemented. 

  

	6.	Payment of Interest 

 If
mining fees, any fees, any levy, royalties or consideration referred to in clause 5 are not paid punctually, the Holder shall be in mora and shall pay interest thereon at the rate prescribed in terms of section 80 of the Public Finance
Management Act, 1999(Act 1 of 1999) reckoned from the date on which payment is due and payable, to the date of actual payment. 
  

	7.	Restrictions and Obligations Imposed on the Holder 

  

	7.1	The Holder is entitled to the rights referred to in section 5(2), (3) and section 25 of the Act, and such other rights as may be contained in this mining right or
such other right as may be granted to, acquired by or conferred upon the Holder by any other applicable law. 

  

	7.2	Mining operations in the mining area must be conducted in accordance with the Mining Work Programme and any amendment to such Mining Work Programme and an approved
Environmental Management Plan. 

  

	7.3	The Holder shall not trespass or enter into any homestead, house or its curtilage nor interfere with or prejudice the interests of the occupiers and/or owners of the
surface of the Mining Area except to the extent to which such interference or prejudice is necessary for the purposes of enabling the Holder to properly exercise the Holder’s rights under this mining right. 

  
 

 
  

 Converted Mining Right:: Converted in terms of item 7 of the Mineral and Petroleum Resources
Development Act, No. 28 of 2002 

  
 7 

	8.	Conditions on disposal of Minerals and/ or Products Derived from Mining 

 It is a condition of the conversion of this old order mining right that the Holder shall dispose of all minerals and/ or products derived from the exploitation of the mineral at competitive market prices
which shall mean in all cases, non-discriminatory prices or non-export parity prices. If the minerals are sold to any entity, which is an affiliate or non-affiliated agent or subsidiary of the Holder, or is directly or indirectly controlled by the
Holder, such purchaser must unconditionally undertake in writing to dispose of the minerals and any products produced from the minerals, at competitive market prices. 
  

	9.	Mortgage, Cession, Transfer, and Alienation 

 This mining right, a shareholding, an equity, an interest or participation in the right or joint venture, or a controlling interest in a company, close corporation or joint venture, may not be encumbered,
ceded, transferred, mortgaged, let, sublet, assigned, alienated or otherwise disposed of without the written consent of the Minister, except in the case of a change of controlling interest in listed companies. 

 

	10.	Protection of Boreholes, Shafts, Adits and Openings. 

 All boreholes, shafts, Adits, excavations, and openings sunk or made, by the Holder during the currency of this mining right shall be sealed, closed, fenced, made safe by the Holder in accordance with the
approved Environmental Management Programme, the Mine Health and Safety Act, 1996 or any other applicable laws and Regulations. 
  

	11.	Holder’s Liability for payment of Compensation for Loss or Damage 

 

	11.1.	Subject to section 43 of the Act, the Holder shall, during the tenure of this right while carrying out the mining operations under this right, take alt such necessary
and reasonable steps to adequately safeguard and protect the environment, the mining area and any person/s using or entitled to use the surface of the mining area from any possible damage or injury associated with any activities on the mining area.

  

	11.2.	Should holder fail to take reasonable steps referred to above, and to the extent that there is legal liability, the holder shall compensate such person or persons for
any damage or losses, including but not limited to damage to the surface, to any crops or improvements, which such person or persons may suffer as a result of, arising from or in connection with the exercise of his/her rights under this mining right
or of any act or omission in connection therewith. 

  
 

 
  

 Converted Mining Right:: Converted in terms of item 7 of the Mineral and Petroleum Resources
Development Act, No. 28 of 2002 

  
 8 

	12.	Inspection of Mining Area 

The Minister and/or any person duly authorised thereto in writing by the Minister shall be entitled to inspect the mining area, the
Holder’s mining operations and the execution of the approved Environmental Management Programme on the Mining Area as provided for in the Act, and any instruction conveyed in writing by the Minister to the Holder requiring the proper
performance by the Holder of the Holder's obligations under this mining right shall be put into effect by the Holder in terms of the Act. 
  

	13.	Cancellation or Suspension 

  

	13.1	Subject to section 47 of the Act, this mining right may be cancelled or suspended if the Holder: 

 

	13.1.1	Submits inaccurate, incorrect and or misleading information in connection with any matter required to be submitted under the Act; 

 

	13.1.2	Fails to honour or carry out any agreement, arrangement, or undertaking, including the undertaking made by the Holder in terms of the Broad Based Socio Economic
Empowerment Charter and Social and Labour plan, on which the Minister relied for the conversion of this right; 

  

	13.1.3	Breaches any material term and condition of this mining right; 

  

	13.1.4	Conducts mining operations in contravention of the provisions of the Act; 

  

	13.1.5	Contravenes the requirement of the approved Environmental Management Programme; or 

 

	13.1.6	Contravenes any provisions of this Act in any other manner. 

  

	13.2	Before the Minister cancels or suspends this right, the Minister shall: 

  

	13.2.1	Give written notice to the Holder indicating the intention to suspend or cancel this right; 

 

	13.2.2	Give reason/s why the Minister is considering the suspension or cancellation of this right; 

 

	13.2.3	Give the Holder 30 days to show reasons why the right should not be suspended or cancelled; 

 

	13.2.4	Notify, the mortgagee [if any], of the intention to suspend or cancel this right; and 

 

	13.2.5	Direct the Holder, where it is possible to remedy any contravention, breach or failure, to comply or to take such specified measures to remedy any contravention, breach
or failure to comply. 

  

	13.3	If the Holder does not take the measures as specified by the Minister to remedy a contravention, breach or failure, the Minister may cancel or suspend this right after
considering representations made by the Holder in terms of clause 13.2.3. 

  

	14.	Records and Returns 

  

	14.1	The Holder shall maintain all such books, plans and records in regard to mining on the Mining Area as may be required by the Act and shall furnish to the office of the
Regional Manager such reports and documents as may be relevant under this right. 

  
 

 
  

 Converted Mining Right:: Converted in terms of item 7 of the Mineral and Petroleum Resources
Development Act, No. 28 of 2002 

  
 9 

	14.2.	 The Holder shall furnish to the Regional Manager all such monthly returns contemplated in section 28 (2) A of the Act not later than the 15th day of the month following the month in respect of which it was
reported. 

  

	14.3	The Holder shall furthermore at the end of each year following commencement of this mining right, inform the Regional Manager in writing of any new developments and of
the future mining activities planned in connection with the exploitation/mining of the minerals on the Mining Area. 

  

	15.	Minister’s liability for Payment of Compensation 

 The Minister shall not at any time be liable or responsible for the payment of compensation of whatever nature to the Holder, the Holder’s successors-in-title or assignee, or any person whomsoever as
a result of the conversion of this right. 
  

	16.	Compliance with the Laws of the Republic of South Africa 

 The conversion of this Right, does not exempt the Holder and its successors in title and/or assigns from complying with the relevant provisions of the Mine Health and Safety Act, (Act No.29 of 1996) and
any other law in force in the Republic of South Africa. 
  

	17.	Provisions relating to section 2(d) and (f) of the Act 

In the furthering of the objects of this Act, the Holder is bound by the provisions of an agreement or arrangement
dated 5th APRIL 2002 entered into between the Holder/
empowering partner and AFRICAN RAINBOW MINERALS (PROPRIETARY) LIMITED (the empowerment partner) which agreement or arrangement was taken into consideration for purposes of compliance with the requirements of the Act and or Broad Based Economic
Empowerment Charter developed in terms of the Act and such agreement shall form part of this right. 
  
 

 
  

	18.	Social and Labour Plan 

  

	18.1	The holder must annually, not later than three months before the end of its financial year, submit a detailed implementation plan to give effect to Regulation 46(e)
(i), (ii) and (iii) in line with the Social and Labour Plan. 

  

	18.2	The holder must annually, not later than three months after finalisation of its audited annual report, submit a detailed report on the implementation of the previous
year’s social and labour plan. 

  
 

 
  

 Converted Mining Right:: Converted in terms of item 7 of the Mineral and Petroleum Resources
Development Act, No. 28 of 2002 

  
 10 

	19.	Severability 

Notwithstanding anything to the contrary, any provision of this mining right which is contrary to any provision of the Act or which is
otherwise ultra vires, null and void, voidable, or unenforceable, shall be severable from the rest of this right, such rest thus being and remaining of full force, effect and enforceable. 

 

	20.	Domicilia citandi et executandi 

  

	20.1.	The parties hereto choose the following addresses as their domicilia citandi et executandi and for all purposes arising from this mining right, in particular for
the purposes of serving of any notice in terms of this mining right, and any notice properly addressed to the under mentioned postal addresses of the parties shall be deemed to have been received by the addressee within 14 days if given in writing
and posted by prepaid registered post addressed to the addressee at the relevant postal address: 

  

	20.1.1.	In the case of the Minister. 

  

			
	Physical Address	  	Postal Address
	 	 
	DME BUILDING	  	PRIVATE BAG X33
	C/O RYK AND DE KAAP STREETS, WELKOM	  	WELKOM
	Code 9460	  	9460
	Tel [057] 391 1300	  	 
	Fax [057] 357 6003/357 1241	  	 

  

	20.1.2.	In the case of the Holder. 

  

			
	Physical Address	  	Postal Address
	 	 
	RANDFONTEIN PARK OFFICE	  	P.O. BOX 2
	 C/O MAIN REEF AND WARD STREET

RANDFONTEIN
	  	RANDFONTEIN
	Code 1760	  	1760
	Tel [011] 411 2259	  	 
	Fax [011] 412 1203	  	 

  

	20.2.	 Notwithstanding anything to the contrary herein contained, a written notice or communication actually received by a party at any place other than the
chosen domicilia citandi et executandi 

  
 

 
  

 Converted Mining Right:: Converted in terms of item 7 of the Mineral and Petroleum Resources
Development Act, No. 28 of 2002 

  
 11 

	 	
shall constitute adequate notice or communication to the party notwithstanding that it was not sent to or delivered at such party’s chosen domicilium citandi et executandi.

  

	20.3	Either party shall be entitled from time to time to change the domicilia citandi et executandi or postal address furnished above after giving at least 14 days
prior written notice of such change to the other party, failing which the above mentioned addresses will remain in force. 

  

	20.4.	Any written notice or communication contemplated in this clause which is forwarded by one party to the other by registered post will be presumed to have been received
by the addressee on the fourteenth day following the date of posting from an address within the Republic of South Africa to the addressee at the postal address of the addressee for the time being as determined in accordance with the provisions of
this clause. 

  

	21.	Costs 

 The Holder shall
pay all costs and charges incurred in connection with the execution and registration of this prospecting right. 
 Thus done
and signed at WELKOM on the 11th day of DECEMBER in
the year 2007 in the presence of the undersigned witnesses: 
 AS WITNESS: 

 

			
	 

	 

  

			
	 

	For and on behalf of the Minister

 AS WITNESS: 

 

			
	 

  

			
	 

	For and on behalf of the Holder
	
	 

	Notary Public

  
 

 
  

 Converted Mining Right:: Converted in terms of item 7 of the Mineral and Petroleum Resources
Development Act, No. 28 of 2002 

  
 12 

 ANNEXURE “6” 

PLAN OF MINING RIGHT AREA 

  
 

 

  
 

 

 ANNEXURE “7” 

SECTION 102 APPLICATION 
 APPLICATION IN TERMS OF SECTION 102 OF THE MINERAL AND PETROLEUM 

RESOURCES DEVELOPMENT ACT, 28 OF 2002 
  

	1	INTRODUCTION 

  

	1.1	Witwatersrand Consolidated Gold Resources Limited (registration number 2002/031365/06, a limited liability public company duly incorporated in the Republic of South
Africa (“Wits Gold”) is the holder of a prospecting right granted by the Minister of Mineral Resources (“the Minister”) granted in terms of section 17(1) of the Mineral and Petroleum Resources Development Act, 28 of
2002 (“MPRDA”) over [description of farms covered by the right to be inserted] (“the Current Prospecting Area”) for [details of mineral covered by the right to be inserted] and bearing the Department
of Mineral Resources (“DMR”) reference number FS30/5/1/1/2/76PR, currently registered in the Mineral and Petroleum Titles Registration Office in the name of Wits Gold under MPT No. 99/2006 (PR) (“Wits Gold Prospecting
Right”) 

  

	1.2	Clause 4.1 of the Wits Gold Prospecting Right provides that – 

 “The terms of this right (including by extension of the area covered by it or by the addition of minerals or a share or seams, mineralised bodies, or strata, which are not at the time the subject
thereof) may not be amended or varied without the written consent of the Minister.” 
  

	1.3	Likewise, section 102 of the MPRDA provides that a prospecting right may not be amended or varied, including by extension of the area covered by it, without the consent
of the Minister. 

  

	2	THE CURRENT PROSPECTING AREA AND THE ADDITIONAL AREA 

  

	2.1	The Current Prospecting Area comprises an aggregate of [—] hectares extending over [a
description of the farms to be inserted]. 

  

	2.2	The additional area, to which this application relates is 100% (one hundred percent) of an area known as the Merriespruit South Area, being that area shaded in
green on the plan annexed hereto marked Annexure “1”, measuring approximately [—] hectares and situated on [description of farms on which the Merriespruit South
Area falls to be inserted] (“Additional Area”). 

  
 

 

	2.3	The Additional Area currently forms part of a mining right granted to Harmony Gold Mining Company Limited (registration number 1950/03823/06) a limited liability
company duly incorporated in the Republic of South Africa (“Harmony”) in terms of item 7 of Schedule II to the MPRDA, read with section 23(1) of the MPRDA, entitling Harmony to mine for gold ore in, on and under the mining right
area executed on 11 December 2007 (“Mining Right”). 

  

	3	THE PURPOSE OF THIS APPLICATION AND WITS GOLD’S MOTIVATION FOR IT 

 

	3.1	The purpose of this application is to obtain the written consent of the Minister, or her authorised delegate, under section 102 of the MPRDA, to incorporate the
Additional Area into the Current Prospecting Area of the Wits Gold Prospecting Right. 

  

	3.2	A motivation letter addressed to the Regional Manager, the Free State Region, dated [—] 2010 and
which followed a meeting between representatives of Harmony and Wits Gold on [—] 2010 and which explains the rationale for this transaction is annexed hereto as Annexure
“2”. It has now been agreed between Harmony, Wits Gold and certain representatives of the DMR that the Additional Area effectively be transferred to Wits Gold by way of section 102 of the MPRDA, Harmony agreeing to sign an unconditional
deed of abandonment of the Additional Area in terms of section 56(f) of the MPRDA which it is entitled to do in terms of the terms of the Mining Right and which will be signed contemporaneously with the DMR’s granting of this application under
section 102 of the MPRDA. 

  

	3.3	In further motivation of this application it should be noted that the Additional Areas is contiguous to the Current Prospecting Area and upon grant of the amendment
under section 102 of the MPRDA, Wits Gold shall amend its prospecting work programme and environmental management plan to incorporate the Additional Area. Wits Gold shall furthermore consult with interested and affected parties in relation to the
Additional Area in regard to the incorporation of the Additional Area within the ambit of the Wits Gold Prospecting Right. 

  

	4	EFFECT OF THE GRANTING OF THE CONSENT BY THE MINISTER UNDER SECTION 102 OF THE MPRDA 

 

	4.1	 If the Minister consents under section 102 of the MPRDA to amend the Wits Gold

  
 

 

	 	
Prospecting Right to include the Additional Area, the reference to “Prospecting Area” as defined in the definitions part of the Wits Gold prospecting right, will be amended to read as
follows – [Description of area and measurement to be included by reference to the farm portions] 

  

	4.2	The Wits Gold Prospecting Right will be amended as anticipated in 4.1, by the execution of a notarial deed of amendment to the Wits Gold Prospecting Right, which
notarial amendment will, after such notarial execution, be registered in the Mineral and Petroleum Titles Registration Office. 

  

	5	APPLICATION 

 Wits Gold
hereby applies, in accordance with the provisions of section 102 of the MPRDA for the consent of the Minister to the amendment of the Wits Gold Prospecting Right (DMR reference FS30/5/1/1/2/76PR, registered in the Mineral and Petroleum Titles
Registration Office as 99/2006PR), to include the Additional Area identified in paragraph 2.2 above. 
  

	6	Please do not hesitate to contact Mr. Marc Watchorn from Wits Gold on [—] should you require any further
information. 

 SIGNED ON THE      DAY OF      2010. 

 

	
	  

	For and on behalf of Wits Gold

  
 

 

 FIRST ADDENDUM TO MINING RIGHT 

ABANDONMENT AGREEMENT 
 between 
 HARMONY GOLD MINING COMPANY LIMITED 

and 

WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED 

  
 

             

	1	INTERPRETATION 

 In this
Addendum – 
  

	1.1	“Addendum” means this first addendum to the Mining Right Abandonment Agreement; 

 

	1.2	“Mining Right Abandonment Agreement” means the agreement headed “Mining Right Abandonment Agreement” entered into between the parties
hereto on 3 September 2010; and 

  

	1.3.	words and expressions defined in the Mining Right Abandonment Agreement will have the same meanings and any reference to the words “clause” or
“clauses” will refer to clauses of the Mining Right Abandonment Agreement. 

  

	2	INTRODUCTION 

  

	2.1	The Mining Right Abandonment Agreement is subject to the fulfilment of a number of Conditions Precedent. 

 

	2.2	The Condition Precedent contained in clause 4.1.5 was not fulfilled by the required date and time for fulfilment thereof and accordingly the Mining Right Abandonment
Agreement has failed to become of any force or effect and has lapsed. 

  

	2.3	The Parties have agreed to revive the Mining Right Abandonment Agreement on the same terms and conditions save for extending the date for fulfilment of the Condition
Precedent contained in clause 4.1.5. 

  

	3	REVIVAL AND AMENDMENT 

The Parties hereby revive the Mining Right Abandonment Agreement (and to the extent required hereby re-enter into the Mining Right
Abandonment Agreement) and agree that it shall again be of full force and effect on the same terms and conditions, save that the Mining Right Abandonment Agreement is hereby amended by substituting “10 November 2010” for “5
November 2010” where it appears in clause 4.1.5. 

  
 

 

  
 2 

	4	SAVINGS CLAUSE 

 Save to
the extent specifically or by necessary implication modified in or inconsistent with the provisions of this Addendum or unless otherwise agreed in writing between the Parties, all the terms and conditions of the Mining Right Abandonment Agreement
shall mutatis mutandis continue to apply. 
  

	5	COSTS 

 Each Party will
bear and pay its own legal costs and expenses of and incidental to the negotiation, drafting, preparation and implementation of this Addendum. 
  

	6	SIGNATURE 

  

	6.1	This Addendum is signed by the Parties on the dates and at the places indicated below. 

 

	6.2	This Addendum may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same Agreement as at
the date of signature of the Party last signing one of the counterparts. 

  

	6.3	The persons signing this Addendum in a representative capacity warrant their authority to do so. 

 SIGNED at Johannesburg on 11/11/10 2010. 
  

	
	For and on behalf of
	HARMONY GOLD MIMING COMPANY LIMlTED
	
	 

	Signature
	 A.J. Boshoff

	Name of Signatory
	 Executive

	Designation of Signatory

  
 

 

  
 3 

 SIGNED at Johannesburg on 9 November 2010. 

 

	
	For and on behalf of
	WITWATERSRAND CONSOLIDATED
GOLD RESOURCES LIMITED
	
	 

	Signature
	 D M URQUHART

	Name of Signatory
	 CHIEF FINANCIAL OFFICER

	Designation of Signatory

  
 

 

  
 4 

 SECOND ADDENDUM TO THE MINING RIGHT ABANDONMENT AGREEMENT 

between 

HARMONY GOLD MINING COMPANY LIMITED 
 and 
 WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED 

 
 

 

	1	INTERPRETATION 

 In this
Addendum – 
  

	1.1	“Addendum” means this second addendum to the Mining Right Abandonment Agreement; 

 

	1.2	“Mining Right Abandonment Agreement” means the agreement headed “Mining Right Abandonment Agreement” entered into between the Parties
on 3 September 2010 as amended by the first addendum to the Mining Right Abandonment Agreement entered into between the Parties on 11 November 2010; and 

 

	1.3	words and expressions defined in the Mining Right Abandonment Agreement will have the same meanings and any reference to the words “clause” or
“clauses” will refer to clauses of the Mining Right Abandonment Agreement. 

  

	2	INTRODUCTION 

  

	2.1	The Parties have identified an error in clause 4.1.9 in that the wording of clause 4.1.9 does not reflect the intention of the Parties. 

 

	2.2	The Parties wish to record in writing the variation of clause 4.1.9. 

  

	3	AMENDMENT 

 The Parties
hereby agree to replace clause 4.1.9 with the following new clause 4.1.9 – 
  

	 	“4.1.9	by not later than 10 (ten) business days following the fulfilment, or where applicable, the waiver of the last of the Conditions Precedent contained in clauses 4.1.1
to 4.1.8 (inclusive), the representatives of the Parties and the Escrow Agent shall have met at the offices of the regional manager of the DMR: Welkom, at which meeting – 

 

	 	4.1.9.1	Harmony shall procure that the Deed of Abandonment is executed; and immediately thereafter; 

 

	 	4.1.9.2	 Harmony and Wits Gold shall procure that the Deed of Mining Right Amendment and the Deed of Prospecting Right Amendment

  
 

 

  
 2 

	 	
respectively are executed.” 

  

	4	SAVINGS CLAUSE 

 Save to
the extent specifically or by necessary implication modified in or inconsistent with the provisions of this Addendum or unless otherwise agreed in writing between the Parties, all the terms and conditions of the Mining Right Abandonment Agreement
shall mutatis mutandis continue to apply. 
  

	5	COSTS 

 Each Party will
bear and pay its own legal costs and expenses of and incidental to the negotiation, drafting, preparation and implementation of this Addendum. 
  

	6	SIGNATURE 

  

	6.1	This Addendum is signed by the Parties on the dates and at the places indicated below. 

 

	6.2	This Addendum may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same Agreement as at
the date of signature of the Party last signing one of the counterparts. 

  

	6.3	The persons signing this Addendum in a representative capacity warrant their authority to do so. 

 SIGNED at Randfontein on 18 October 2011. 
  

	
	For and on behalf of
	HARMONY GOLD MINING COMPANY LIMITED
	
	 /s/

	Signature
	
	 A. J. Boschoff

	Name of Signatory
	
	 Executive

	Designation of Signatory

  
 

 

  
 3 

 SIGNED at Johannesburg on 7 October 2011. 

 

	
	For and on behalf of
	WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED
	
	 /s/

	Signature
	
	 D. M. Urquhart

	Name of Signatory
	
	 Financial Director

	Designation of Signatory

  
 

 

  
 4 

 THIRD ADDENDUM TO MINING RIGHT ABANDONMENT AGREEMENT 

between 

HARMONY GOLD MINING COMPANY LIMITED 
 and 
 WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED 

 
 

 

	1	INTERPRETATION 

 In this
Addendum – 
  

	1.1	“Addendum” means this third addendum to the Mining Right Abandonment Agreement; 

 

	1.2	“Mining Right Abandonment Agreement” means the agreement headed “Mining Right Abandonment Agreement” entered into between the Parties
on 3 September 2010, as amended by the – 

  

	1.2.1	first addendum to the Mining Right Abandonment Agreement entered into between the Parties on 11 November 2010; and 

 

	1.2.2	second addendum to the Mining Right Abandonment Agreement entered into between the Parties on 18 October 2011; and 

 

	1.3	words and expressions defined in the Mining Right Abandonment Agreement will have the same meanings and any reference to the words “clause” or
“clauses” will refer to clauses of the Mining Right Abandonment Agreement. 

  

	2	INTRODUCTION 

  

	2.1	The Parties have agreed to extend the date for fulfilment of the Condition Precedent contained in clause 4.1.8. 

 

	2.2	The Parties wish to record their agreement in writing. 

  

	3	EXTENSION 

 The date for
fulfilment of the Condition Precedent contained in clause 4.1.8 is hereby extended to 31 January 2012 in accordance with the provisions of clause 4.6. 
  

	4	SAVINGS CLAUSE 

 Save to
the extent specifically or by necessary implication modified in or inconsistent with the provisions of this Addendum or unless otherwise agreed in writing between the Parties, all the terms and conditions of the Mining Right Abandonment Agreement
shall mutatis mutandis continue to apply. 

  
 

 

  
 2 

	5	COSTS 

 Each Party will
bear and pay its own legal costs and expenses of and incidental to the negotiation, drafting, preparation and implementation of this Addendum. 
  

	6	SIGNATURE 

  

	6.1	This Addendum is signed by the Parties on the dates and at the places indicated below. 

 

	6.2	This Addendum may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same Agreement as at
the date of signature of the Party last signing one of the counterparts. 

  

	6.3	The persons signing this Addendum in a representative capacity warrant their authority to do so. 

 SIGNED at Sandton on 28 October 2011. 
  

	
	For and on behalf of
	HARMONY GOLD MINING COMPANY LIMITED
	
	 /s/

	Signature
	
	 A. J. Boschoff

	Name of Signatory
	
	 Executive

	Designation of Signatory

  
 

 

  
 3 

 SIGNED at
                     on              2011. 

 

	
	For and on behalf of
	WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED
	
	 /s/

	Signature
	
	 D. M. Urquhart

	Name of Signatory
	
	 Financial Director

	Designation of Signatory

  
 

 

  
 4 

 FOURTH ADDENDUM TO MINING RIGHT ABANDONMENT AGREEMENT 

between 

HARMONY GOLD MINING COMPANY LIMITED 
 and 
 WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED 

 
 

 

	1	INTERPRETATION 

 In this
Addendum – 
  

	1.1	“Addendum” means this fourth addendum to the Mining Right Abandonment Agreement; 

 

	1.2	“Mining Right Abandonment Agreement” means the agreement headed “Mining Right Abandonment Agreement” entered into between the Parties
on 3 September 2010, as amended by the – 

  

	1.2.1	first addendum to the Mining Right Abandonment Agreement entered into between the Parties on 11 November 2010; 

 

	1.2.2	second addendum to the Mining Right Abandonment Agreement entered into between the Parties on 18 October 2011; and 

 

	1.2.3	third addendum to the Mining Right Abandonment Agreement entered into between the Parties on 28 October 2011; and 

 

	1.3	words and expressions defined in the Mining Right Abandonment Agreement will have the same meanings and any reference to the words “clause” or
“clauses” will refer to clauses of the Mining Right Abandonment Agreement. 

  

	2	INTRODUCTION 

  

	2.1	The Parties have agreed to extend the date for fulfilment of the Condition Precedent contained in clause 4.1.8. 

 

	2.2	The Parties wish to record their agreement in writing. 

  

	3	EXTENSION 

 The date for
fulfilment of the Condition Precedent contained in clause 4.1.8 is hereby extended to 29 February 2012 in accordance with the provisions of clause 4.6. 
  

	4	SAVINGS CLAUSE 

 Save to
the extent specifically or by necessary implication modified in or inconsistent with the provisions of this Addendum or unless otherwise agreed in writing between the Parties, all the terms and conditions of the Mining Right Abandonment 

  
 

 

  
 2 

 
Agreement shall mutatis mutandis continue to apply. 
  

	5	COSTS 

 Each Party will
bear and pay its own legal costs and expenses of and incidental to the negotiation, drafting, preparation and implementation of this Addendum. 
  

	6	SIGNATURE 

  

	6.1	This Addendum is signed by the Parties on the dates and at the places indicated below. 

 

	6.2	This Addendum may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same Agreement as at
the date of signature of the Party last signing one of the counterparts. 

  

	6.3	The persons signing this Addendum in a representative capacity warrant their authority to do so. 

 SIGNED at Sandton on 27 January 2012. 
  

	
	For and on behalf of
	HARMONY GOLD MINING COMPANY LIMITED
	
	 /s/

	Signature
	
	 Frank Abbott

	Name of Signatory
	
	 Director

	Designation of Signatory

  
 

 

  
 3 

 SIGNED at Johannesburg on 26 January 2012. 

 

	
	For and on behalf of
	WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED
	
	 /s/

	Signature
	
	 D. M. Urquhart

	Name of Signatory
	
	 Financial Director

	Designation of Signatory

  
 

 

  
 4 

 FIFTH ADDENDUM TO MINING RIGHT ABANDONMENT AGREEMENT 

between 

HARMONY GOLD MINING COMPANY LIMITED 
 and 
 WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED 

 
 

 

	1	INTERPRETATION 

 In this
Addendum – 
  

	1.1	“Addendum” means this fifth addendum to the Mining Right Abandonment Agreement; 

 

	1.2	“Mining Right Abandonment Agreement” means the agreement headed “Mining Right Abandonment Agreement” entered into between the Parties
on 3 September 2010, as amended by the – 

  

	1.2.1	first addendum to the Mining Right Abandonment Agreement entered into between the Parties on 11 November 2010; 

 

	1.2.2	second addendum to the Mining Right Abandonment Agreement entered into between the Parties on 18 October 2011; 

 

	1.2.3	third addendum to the Mining Right Abandonment Agreement entered into between the Parties on 28 October 2011; and 

 

	1.2.4	fourth addendum to the Mining Right Abandonment Agreement entered into between the Parties on 27 January 2012; 

 

	1.3	words and expressions defined in the Mining Right Abandonment Agreement will have the same meanings and any reference to the words “clause” or
“clauses” will refer to clauses of the Mining Right Abandonment Agreement. 

  

	2	INTRODUCTION 

  

	2.1	The Parties have agreed to extend the date for fulfilment of the Condition Precedent contained in clause 4.1.8. 

 

	2.2	The Parties wish to record their agreement in writing. 

  

	3	EXTENSION 

 The date for
fulfilment of the Condition Precedent contained in clause 4.1.8 is hereby extended to 30 March 2012 in accordance with the provisions of clause 4.6. 

  
 

 

  
 2 

	4	SAVINGS CLAUSE 

 Save to
the extent specifically or by necessary implication modified in or inconsistent with the provisions of this Addendum or unless otherwise agreed in writing between the Parties, all the terms and conditions of the Mining Right Abandonment Agreement
shall mutatis mutandis continue to apply. 
  

	5	COSTS 

 Each Party will
bear and pay its own legal costs and expenses of and incidental to the negotiation, drafting, preparation and implementation of this Addendum. 
  

	6	SIGNATURE 

  

	6.1	This Addendum is signed by the Parties on the dates and at the places indicated below. 

 

	6.2	This Addendum may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same Agreement as at
the date of signature of the Party last signing one of the counterparts. 

  

	6.3	The persons signing this Addendum in a representative capacity warrant their authority to do so. 

 SIGNED at Randfontein on 28 February 2012. 
  

	
	 For and on behalf of

HARMONY GOLD MINING COMPANY LIMITED

	
	 /s/

	Signature
	
	 Frank Abbott

	Name of Signatory
	
	 Financial Director

	Designation of Signatory

  
 

 

  
 3 

 SIGNED at Johannesburg on 29 February 2012. 

 

	
	 For and on behalf of

WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED

	
	 /s/

	Signature
	
	 D. M. Urquhart

	Name of Signatory
	
	 Financial Director

	Designation of Signatory

  
 

 

  
 4 

 SIXTH ADDENDUM TO MINING RIGHT ABANDONMENT AGREEMENT 

between 

HARMONY GOLD MINING COMPANY LIMITED 
 and 
 WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED 

 
 

 

	1	INTERPRETATION 

 In this
Addendum – 
  

	1.1	“Addendum” means this sixth addendum to the Mining Right Abandonment Agreement; 

 

	1.2	“Mining Right Abandonment Agreement” means the agreement headed “Mining Right Abandonment Agreement” entered into between the Parties
on 3 September 2010, as amended by the – 

  

	1.2.1	first addendum to the Mining Right Abandonment Agreement entered into between the Parties on 11 November 2010; 

 

	1.2.2	second addendum to the Mining Right Abandonment Agreement entered into between the Parties on 18 October 2011; 

 

	1.2.3	third addendum to the Mining Right Abandonment Agreement entered into between the Parties on 28 October 2011; 

 

	1.2.4	fourth addendum to the Mining Right Abandonment Agreement entered into between the Parties on 27 January 2012; and 

 

	1.2.5	fifth addendum to the Mining Right Abandonment Agreement entered into between the Parties on 29 February 2012; 

 

	1.3	words and expressions defined in the Mining Right Abandonment Agreement will have the same meanings and any reference to the words “clause” or
“clauses” will refer to clauses of the Mining Right Abandonment Agreement. 

  

	2	INTRODUCTION 

  

	2.1	The Mining Right Abandonment Agreement is subject to the fulfilment of certain Conditions Precedent. 

 

	2.2	The Condition Precedent set out in clause 4.1.7 of the Mining Right Abandonment Agreement was not fulfilled by the required date and time for fulfilment thereof and
accordingly the Mining Right Abandonment Agreement has failed to become of any force or effect and has lapsed. 

  
 

 

  
 2 

	2.3	The Parties have agreed to revive and to make certain amendments to the Mining Right Abandonment Agreement. 

 

	3	REVIVAL AND AMENDMENT 

The Parties hereby revive the Mining Right Abandonment Agreement (and to the extent required hereby re-enter into the Mining Right
Abandonment Agreement) and agree that it shall again be of full force and effect on the same terms and conditions, save that the Mining Right Abandonment Agreement is hereby amended by the – 

 

	3.1	deletion of clause 4.1.7 in its entirety and the substitution of the following the place therefore – 

“by not later than 17h00 on 7 May 2012, Wits Gold has paid the Balance of the Purchase Consideration plus VAT on the full
Consideration into the Escrow Account;”; 
  

	3.2	insertion of the following new clause after clause 4.1.7 – 

  

	 	“4.1.7A	by not later than 17h00 on 31 July 2012, a consent to delete the Merriespruit South Area from the Mining Right has been granted by the Minister, either
unconditionally or subject to such conditions as have been approved in writing between the Parties;”; 

  

	3.3	insertion of the clause number “4.1.7A” before the clause number “4.1.8” in clause 4.4; and 

 

	3.4	substitution of the clause numbers and word “4.1.1, 4.1.4 and 4.1.7” for the clause numbers and word “4.1.1 and 4.1.4” where they
appear in clause 4.5.3. 

  

	4	SAVINGS CLAUSE 

 Save to
the extent specifically or by necessary implication modified in or inconsistent with the provisions of this Addendum or unless otherwise agreed in writing between the Parties, all the terms and conditions of the Mining Right Abandonment Agreement
shall mutatis mutandis continue to apply. 
  

	5	COSTS 

 Each Party will
bear and pay its own legal costs and expenses of and incidental to the negotiation, drafting, preparation and implementation of this Addendum. 

  
 

 

  
 3 

	6	SIGNATURE 

  

	6.1	This Addendum is signed by the Parties on the dates and at the places indicated below. 

 

	6.2	This Addendum may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same Agreement as at
the date of signature of the Party last signing one of the counterparts. 

  

	6.3	The persons signing this Addendum in a representative capacity warrant their authority to do so. 

 SIGNED at Johannesburg on 4 May 2012. 
  

	
	 For and on behalf of

HARMONY GOLD MINING COMPANY LIMITED

	
	 /s/

	Signature
	
	 Frank Abbott

	Name of Signatory
	
	 Financial Director

	Designation of Signatory

 SIGNED at Johannesburg on 2 May 2012. 

 

	
	 For and on behalf of

WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED

	
	 /s/

	Signature
	
	 D. M. Urquhart

	Name of Signatory
	
	 Financial Director

	Designation of Signatory

  
 

 

  
 4

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