Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

AMENDMENT NO. 2 TO 

THIRD AMENDED AND RESTATED CREDIT AGREEMENT 

AND 
 AMENDMENT NO. 1 TO
EACH GUARANTY AND SECURITY AGREEMENT 
 This AMENDMENT NO. 2 TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT AND AMENDMENT NO. 1 TO EACH
GUARANTY AND SECURITY AGREEMENT (this “Agreement”) dated as of July 24, 2020 but effective as of the Effective Date (defined below) is by and among Forum Energy Technologies, Inc., a Delaware corporation (the
“Parent”; and those additional entities that are parties hereto as borrowers (each, a “US Borrower” and individually and collectively, jointly and severally, the “US Borrowers”)), Forum Canada ULC,
an Alberta unlimited liability corporation (“Forum Canada”; and those additional entities that are parties hereto as borrowers (each, a “Canadian Borrower” and individually and collectively, jointly and severally,
the “Canadian Borrowers”, and together with the US Borrowers, each a “Borrower” and individually and collectively, jointly and severally, the “Borrowers”)), the Restricted Subsidiaries party hereto
(each a “Guarantor” and collectively, the “Guarantors”), the Lenders (as defined below) party hereto, the Swing Line Lenders party hereto, the Issuing Banks party hereto and Wells Fargo Bank, National Association,
as administrative agent (in such capacity, the “Agent”). 
 RECITALS 

A. The Parent, Forum Canada, each other Borrower party thereto, the Agent and the financial institutions party thereto from time to time, as
lenders, issuing banks and swing line lenders (collectively, the “Lenders”) are parties to that certain Third Amended and Restated Credit Agreement dated as of October 30, 2017 (as amended by that certain Amendment No. 1
to Third Amended and Restated Credit Agreement dated as of February 3, 2020, and as further amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”). 

B. Subject to the terms and conditions of the Credit Agreement (as amended hereby), the Parent may issue new high yield secured convertible
notes (the “Secured Notes”) in exchange for all or a portion (but not less than 85%) of its remaining Senior Notes, such that after any such issuance, the aggregate maximum principal amount of the Secured Notes when combined with
any Senior Notes outstanding immediately after giving effect to such transactions, do not exceed $328,144,000 (the “Exchange”). 

C. Pursuant to clause (s) of the definition of “Permitted Indebtedness” in the Credit Agreement, the Loan Parties are permitted
to incur up to $50,000,000 of secured Indebtedness, subject to conditions set forth therein, and the Borrowers have requested that the Agent and the Lenders amend such clause (s) of the definition of “Permitted Indebtedness” in the
Credit Agreement to permit secured Indebtedness in the form of the Secured Notes representing all or a portion of the remaining balance of the Senior Notes after giving effect to the Exchange. 

D. The Agent and all of the Lenders are willing to amend the Credit Agreement and the other Loan Documents (as such term is defined in the
Credit Agreement as amended hereby) to permit the Exchange and the Secured Notes, and provide for other updates to the Credit Agreement and such other Loan Documents, in each case, as provided herein and subject to the terms and conditions set forth
herein and the Intercreditor Agreement (as defined herein). 

 NOW THEREFORE, in consideration of the premises and the mutual covenants, representations
and warranties contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

Section 1. Defined Terms. As used in this Agreement, each of the terms defined in the opening paragraph and the Recitals
above shall have the meanings assigned to such terms therein. Each term defined in the Credit Agreement and used herein without definition shall have the meaning assigned to such term in the Credit Agreement, unless expressly provided to the
contrary. 
 Section 2. Other Definitional Provisions. Article, Section, Schedule, and Exhibit references are to Articles
and Sections of and Schedules and Exhibits to this Agreement, unless otherwise specified. The words “hereof”, “herein”, and “hereunder” and words of similar import when used in this Agreement shall refer to this
Agreement as a whole and not to any particular provision of this Agreement. The term “including” means “including, without limitation”. Section headings have been inserted in this Agreement as a matter of convenience for
reference only and it is agreed that such Section headings are not a part of this Agreement and shall not be used in the interpretation of any provision of this Agreement. 

Section 3. Amendment to Credit Agreement. 

(a) Section 1.1 (Definitions) of the Credit Agreement is hereby amended as follows: 

(1) to add the following defined terms in alphabetical order therein: 

“Benchmark Replacement” means, with respect to all Loans denominated in a given currency, the sum of:
(a) the alternate benchmark rate (which may include Term SOFR) that has been selected by the Agent and the Administrative Borrower giving due consideration to (i) any selection or recommendation of a replacement rate or the mechanism for
determining such a rate by the Relevant Governmental Body with respect to such currency or (ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to LIBOR Rate for syndicated credit facilities
denominated in such currency and (b) the applicable Benchmark Replacement Adjustment for such Benchmark Replacement; provided that, if any Benchmark Replacement as so determined would be less than zero, such Benchmark Replacement will be deemed
to be zero for the purposes of this Agreement. 
 “Benchmark Replacement Adjustment” means, with respect to
any replacement of LIBOR Rate with an Unadjusted Benchmark Replacement for each applicable Interest Period, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero)
that has been selected by the Agent and the Administrative Borrower giving due consideration to (i) 

  
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any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of LIBOR Rate with the applicable Unadjusted Benchmark
Replacement by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of LIBOR Rate with
the applicable Unadjusted Benchmark Replacement for syndicated credit facilities at such time denominated in the relevant currency. 

“Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical,
administrative or operational changes (including changes to the definition of “US Base Rate,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of interest and other administrative
matters) that the Agent decides in its reasonable discretion may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Agent in a manner substantially consistent with
market practice (or, if the Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Agent determines that no market practice for the administration of the Benchmark Replacement exists, in such
other manner of administration as the Agent decides is reasonably necessary in connection with the administration of this Agreement). 

“Benchmark Replacement Date” means the earlier to occur of the following events with respect to LIBOR Rate
with respect to a given currency: (a) in the case of clause (a) or (b) of the definition of “Benchmark Transition Event,” the later of (i) the date of the public statement or publication of information referenced therein and
(ii) the date on which the administrator of LIBOR Rate permanently or indefinitely ceases to provide LIBOR Rate with respect to such currency; or (b) in the case of clause (c) of the definition of “Benchmark Transition
Event,” the date of the public statement or publication of information referenced therein. 
 “Benchmark
Transition Event” means the occurrence of one or more of the following events with respect to LIBOR Rate with respect to a given currency: (a) a public statement or publication of information by or on behalf of the administrator of
LIBOR Rate announcing that such administrator has ceased or will cease to provide LIBOR Rate with respect to such currency, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator
that will continue to provide LIBOR Rate with respect to such currency, (b) a public statement or publication of information by the regulatory supervisor for the administrator of LIBOR Rate, the U.S. Federal Reserve System (or any successor),
an insolvency official with jurisdiction over the administrator for LIBOR Rate, a resolution authority with jurisdiction over the administrator for LIBOR Rate or a court or an entity with similar insolvency or resolution authority over the
administrator for LIBOR Rate or any other Relevant Governmental Body, which states that the administrator of LIBOR Rate with respect to such currency has ceased or will cease to provide LIBOR Rate permanently or indefinitely, provided that, at the
time of such statement or publication, there is no successor administrator that will continue to provide LIBOR Rate with respect to such currency, or (c) a public statement or publication of information by the regulatory supervisor for the
administrator of LIBOR Rate announcing that LIBOR Rate with respect to such currency is no longer representative. 

  
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 “Benchmark Transition Start Date” means (a) in the
case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior
to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication) and
(b) in the case of an Early Opt-in Election, the date specified by the Agent or the Required Lenders, as applicable, by notice to the Administrative Borrower, the Agent (in the case of such notice by the
Required Lenders) and the Lenders. 
 “Benchmark Unavailability Period” means, with respect to all Loans
denominated in a given currency, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to LIBOR Rate and solely to the extent that LIBOR Rate has not been replaced with a Benchmark Replacement with
respect to Loans denominated in such currency, the period (x) beginning at the time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced LIBOR Rate for all purposes hereunder with respect to
Loans denominated in such currency in accordance with Section 2.11(d)(iii) and (y) ending at the time that a Benchmark Replacement has replaced LIBOR Rate for all purposes hereunder with respect to Loans denominated in such currency
pursuant to Section 2.11(d)(iii). 
 “Cash Balance” shall mean, at the close of business on any
Business Day, an amount equal to (a) the aggregate amount of cash and Cash Equivalents credited to the account of, or otherwise reflected as an asset on the balance sheet of, the Loan Parties minus (b) without duplication, the sum
of (i) any cash set aside to pay in the ordinary course of business amounts then due and owing by the Loan Parties to unaffiliated third parties on account of transactions not prohibited under this Agreement, in each case, for which the Loan
Parties have already issued checks or have already initiated wires or ACH transfers in order to pay such amounts, plus (ii) cash or Cash Equivalents of the Loan Parties held in Excluded Accounts. 

“Cash Balance Sweep Limit” shall mean (a) with respect to the aggregate Cash Balance of the Loan
Parties’ deposit accounts and securities accounts in the United States and Canada, $10,000,000, and (b) with respect to the aggregate US Dollar and US Dollar Equivalent of the Cash Balance of the Loan Parties’ deposit
accounts and securities accounts in all jurisdictions (other than the United States and Canada), $10,000,000. 

  
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 “Early Opt-in
Election” means the occurrence of (a)(i) a determination by the Agent or (ii) a notification by the Required Lenders to the Agent (with a copy to the Administrative Borrower) that the Required Lenders have determined that
syndicated credit facilities denominated in a given currency being executed at such time, or that include language similar to that contained in Section 2.11(d)(iii) are being executed or amended, as applicable, to incorporate or adopt a new
benchmark interest rate to replace LIBOR Rate with respect to such currency, and (b)(i) the election by the Agent or (ii) the election by the Required Lenders to declare that an Early Opt-in Election
has occurred and the provision, as applicable, by the Agent of written notice of such election to the Administrative Borrower and the Lenders or by the Required Lenders of written notice of such election to the Agent. 

“Exchange” has the meaning given in Recital B of the Second Amendment. 

“Federal Reserve Bank of New York’s Website” means the website of the Federal Reserve Bank of New York at
http://www.newyorkfed.org, or any successor source. 
 “Intercreditor Agreement” means that certain
Intercreditor Agreement dated as of the Second Amendment Effective Date among the Agent, the Notes Collateral Agent, the Loan Parties, and any other Person that may become party thereto or, in connection with any Refinancing Secured Notes, such
other customary intercreditor agreement in form and substance reasonably satisfactory to the Agent, Required Lenders, and the Administrative Borrower, in each case, as such agreement may be amended, restated, supplemented, replaced or otherwise
modified in accordance with the terms thereof and this Agreement. 
 “Inventory Cap” means, as of any date
of determination, the lesser of (a) 80% of the Borrowing Base at the time of calculation thereof in the relevant Borrowing Base Certificate delivered by the Parent hereunder, and (b) initially as of the Second Amendment Effective Date,
$130,000,000, as such amount is reduced from time to time in accordance with the proviso hereto; provided that the Inventory Cap described in clause (b) shall decrease by $500,000 upon the first Business Day of each fiscal quarter,
commencing with the fiscal quarter beginning October 1, 2020. 
 “Notes Collateral Agent” means the
“collateral agent” or “trustee” or similar Person acting in the capacity as the collateral agent under, and its permitted successors and assigns under, the Secured Notes Documents. 

“Refinancing Secured Notes” means refinancings, renewals, or extensions of the Secured Notes (and the Secured
Notes Documents, as applicable) so long as: 
 (a) such refinancings, renewals, or extensions do not result in an increase
in the principal amount of the Indebtedness so refinanced, renewed, or extended, other than by the amount of premiums paid thereon and accrued interest (including, for the purpose of defeasance, future interest) and the fees and expenses incurred in
connection therewith and by the amount of unfunded commitments with respect thereto, 
 (b) such refinancings, renewals, or
extensions do not result in a shortening of the final stated maturity or the average weighted maturity (measured as of the refinancing, renewal, or extension) of the Indebtedness so refinanced, renewed, or extended, 

  
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 (c) if the Indebtedness that is refinanced, renewed, or extended was
subordinated in right of payment to the Obligations, then the terms and conditions of the refinancing, renewal, or extension must include subordination terms and conditions that are at least as favorable to the Lender Group as those that were
applicable to the refinanced, renewed, or extended Indebtedness, 
 (d) the Indebtedness that is refinanced, renewed, or
extended is not recourse to any Person that is liable on account of the Obligations other than those Persons which were obligated with respect to the Indebtedness that was refinanced, renewed, or extended, 

(e) such refinancing, renewal, or extension shall be (i) unsecured or (ii)(A) otherwise secured only by substantially the
same or less collateral as secured such refinanced, renewed or extended Indebtedness on terms no less favorable to Agent or the Lender Group, (B) the Liens securing such refinancing, renewal or extension shall not have a priority more senior
than the Liens securing such Indebtedness that is refinanced, renewed or extended, and (C) such refinancing, renewal or extension shall be secured only to the extent permitted by this Agreement and shall otherwise be (and the holders thereof
and any collateral agent for the holders thereof shall be) subject in all respects to the Intercreditor Agreement, and 

(f) the scheduled maturity date of such refinancings, renewals, or extensions shall not be earlier than 91 days after the
latest of (i) the Maturity Date in effect at the incurrence of such Indebtedness, (ii) October 30, 2022, and (iii) the scheduled maturity date of the Indebtedness that is refinanced, renewed, or extended. 

“Relevant Governmental Body” means, with respect to any given Benchmark Replacement, (a) the central bank
for the currency in which such Benchmark Replacement is denominated or any central bank or other supervisor which is responsible for supervising either (i) such Benchmark Replacement or (ii) the administrator of such Benchmark Replacement
or (b) any working group or committee officially endorsed or convened by (i) the central bank for the currency in which such Benchmark Replacement is denominated, (ii) any central bank or other supervisor that is responsible for
supervising either (A) such Benchmark Replacement or (B) the administrator of such Benchmark Replacement, (iii) a group of those central banks or other supervisors or (iv) the Financial Stability Board or any part thereof. 

“Second Amendment” means the Amendment No. 2 to Third Amended and Restated Credit Agreement dated as of
July 24, 2020 among the Parent, the Borrowers, the Guarantors, the Lenders party thereto, the Swing Line Lenders party thereto, the Issuing Banks party thereto and the Agent. 

“Second Amendment Effective Date” means the “Effective Date” as defined in the Second Amendment.

  
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 “Secured Notes” means the high yield secured convertible
notes issued in connection with the Exchange, and otherwise as permitted under clause (s) of the definition of “Permitted Indebtedness”, as the same high yield secured convertible notes may be amended, restated, refinanced (in
accordance with the terms and conditions in the definition of Refinancing Secured Notes), supplemented or otherwise modified from time to time, but only to the extent such amendment, restatement, supplement, refinancing or modification is not
prohibited under the terms of this Agreement and the Intercreditor Agreement. 
 “Secured Notes Documents”
means all indentures, supplemental indentures, collateral documents and other material documents and other instruments executed and delivered by the Parent in connection with the issuance of the Secured Notes, as the same may be amended, restated,
supplemented, refinanced (in accordance with the terms and conditions in the definition of Refinancing Secured Notes), replaced, or otherwise modified from time to time, but only to the extent such amendment, restatement, refinancing, replacement,
supplement or modification is not prohibited under the terms of this Agreement and the Intercreditor Agreement. 

“SOFR” with respect to any day means the secured overnight financing rate published for such day by the
Federal Reserve Bank of New York, as the administrator of the benchmark (or a successor administrator) on the Federal Reserve Bank of New York’s Website. 

“Term SOFR” means the forward-looking term rate based on SOFR that has been selected or recommended by the
Relevant Governmental Body. 
 “Unadjusted Benchmark Replacement” means, with respect to a given Benchmark
Replacement, such Benchmark Replacement excluding the Benchmark Replacement Adjustment for such Benchmark Replacement. 
 (2) to amend the
definition of “ABL Collateral” to add the words “general intangibles,” in clause (d) thereof immediately before the reference to “chattel paper”. 

(3) to amend and restate the definition of “Applicable Margin” to read as follows: 

“Applicable Margin” means, as of any date of determination and with respect to Base Rate Loans, LIBOR Rate
Loans, or CDOR Rate Loans, as applicable, the applicable margin set forth in Table A below: 
  

			
	 TABLE A

	 “Base Rate Margin”
	  	 “LIBOR/CDOR Rate Margin”

	1.50 percentage points	  	2.50 percentage points

 (4) to amend and restate the definition of “Applicable Unused Line Fee Percentage” to read as
follows: 

  
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 “Applicable Unused Line Fee Percentage” means, as of any
date of determination, the applicable percentage set forth in Table A below that corresponds to the Average Revolver Usage of Borrowers for the most recently completed calendar month as determined by Agent in its Permitted Discretion: 

 

					
	 TABLE A

	 Level
	  	 Average Revolver Usage
	  	 Applicable Unused Line Fee

Percentage

	I	  	> 50% of the Maximum Revolver Amount	  	0.375 percentage points
	II	  	< 50% of the Maximum Revolver Amount	  	0.50 percentage points

 (5) to amend and restate the definition of “Canadian Base Rate” to read as follows: 

“Canadian Base Rate” means, for any day, a rate per annum equal to the greater of (a) the CDOR Rate
existing on such day (which rate shall be calculated based upon an Interest Period of 1 month), plus 1 percentage point, and (b) the “prime rate” for Canadian Dollar commercial loans made in Canada as reported by Thomson Reuters under
Reuters Instrument Code <CAPRIME=> on the “CA Prime Rate (Domestic Interest Rate) – Composite Display” page to the extent such page is available (or any successor page or such other commercially available service or source
(including the Canadian Dollar “prime rate” announced by a Schedule I bank under the Bank Act (Canada)) as the Agent may designate from time to time and, if any such reported rate is below 0.75 percentage points, then the rate determined
pursuant to this clause (b) shall be deemed to be 0.75 percentage points. Each determination of the Canadian Base Rate shall be made by Agent and shall be conclusive in the absence of manifest error. 

(6) to amend the definition of “Canadian Borrowing Base” to (i) amend and restate the
lead-in to read: “means, as of any date of determination and subject to the sentence following clause (f) at the end of this definition, the result of:” and (ii) add the following sentence
at the end of such definition after clause (f): 
 Notwithstanding the foregoing, in no event shall the sum of clauses (b),
(c), (d), and (e) set forth in this definition, when added to the sum of clauses (b), (c), (d), and (e) set forth in the definition of “US Borrowing Base” be greater than the then effective Inventory Cap. 

(7) to amend and restate the definition of “Cash Dominion Event” to read as follows: 

“Cash Dominion Event” means the occurrence of any of the following: (A) the occurrence and continuance of
any Event of Default, or (B) Excess Availability is less than the greater of (i) 10.0% of the Line Cap and (ii) $25,000,000 at any time. 

  
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 (8) to amend and restate the definition of “Cash Dominion Period” to read as
follows: 
 “Cash Dominion Period” means the period commencing after the occurrence of a Cash Dominion Event and continuing
until the date when (a) no Event of Default shall exist and be continuing, and (b) Excess Availability exceeds the greater of (i) 10.0% of the Line Cap and (ii) $25,000,000, in any event, for at least 30 consecutive days. 

(9) to amend and restate the lead-in and clause (a) of the definition of “Change in
Control” to read as follows: 
 “Change of Control” means the occurrence of any of the following
events: 
 (a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) other than the
Permitted Holders (collectively a “Control Group”) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities
Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire (such right, an “option right”), whether such right is
exercisable immediately or only after the passage of time), directly or indirectly, of 35% or more of the equity securities of the Parent entitled to vote for members of the board of directors or equivalent governing body of the Parent on a
fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right); provided that after giving effect to the conversion of the Secured Notes (and Refinancing
Secured Notes) held by such Control Group into common Equity Interests of the Parent in accordance with the terms of the Secured Notes Documents as in effect on the Second Amendment Effective Date, such Control Group, subject to the Parent’s
delivery of an updated Beneficial Ownership Certification and other information or documentation requested pursuant to the Beneficial Ownership Regulation in accordance with Section 5.10, may be the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial
ownership” of all securities that such person or group has the right to acquire pursuant to any option right), directly or indirectly, of 35% or more of the equity securities of the Parent entitled to vote for members of the board of directors
or equivalent governing body of the Parent on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right), 

 

  
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 (10) to amend and restate the definition of “CDOR Rate” to read as follows: 

“CDOR Rate” means the average rate per annum as reported on the Reuters Screen CDOR Page (or any successor
page or such other page or commercially available service displaying Canadian interbank bid rates for Canadian Dollar bankers’ acceptances as the Agent may designate from time to time, or if no such substitute service is available, the rate
quoted by a Schedule I bank under the Bank Act (Canada) selected by the Agent at which such bank is offering to purchase Canadian Dollar bankers’ acceptances) as of 10:00 a.m. Eastern (Toronto) time on the date of commencement of the requested
Interest Period, for a term, and in an amount, comparable to the Interest Period and the amount of the CDOR Rate Loan requested (whether as an initial CDOR Rate Loan or as a continuation of a CDOR Rate Loan or as a conversion of a Base Rate Loan to
a CDOR Rate Loan) by Borrowers in accordance with this Agreement (and, if any such reported rate is below 0.75 percentage points, then the rate determined pursuant to this clause (b) shall be deemed to be 0.75 percentage points). Each
determination of the CDOR Rate shall be made by the Agent and shall be conclusive in the absence of manifest error. 
 (11) to amend and
restated the definition “Covenant Testing Period” to read as follows: 
 “Covenant Testing Period”
means a period (a) commencing on the last day of the fiscal quarter of Parent most recently ended prior to a Covenant Trigger Event for which Borrowers are required to deliver to Agent quarterly or annual financial statements pursuant to
Schedule 5.1 to this Agreement, and (b) continuing through and including the first day after such Covenant Trigger Event that Excess Availability has exceeded the greater of (i) 12.5% of the Line Cap and (ii) $31,250,000, in any event,
for 60 consecutive days. 
 (12) to amend and restate the definition of “Covenant Trigger Event” to read as follows: 

“Covenant Trigger Event” means if Excess Availability is less than the greater of (i) 12.5% of the Line Cap
and (ii) $31,250,000. 
 (13) to amend and restate the definition of “Increased Reporting Event” to read as follows: 

“Increased Reporting Event” means if Excess Availability is less than the greater of (a) 15.0% of the Line Cap
and (b) $37,500,000. 
 (14) to amend and restate the definition of “LIBOR Rate” to read as follows: 

“LIBOR Rate” means the rate per annum as published by ICE Benchmark Administration Limited (or any successor
page or other commercially available source as the Agent may designate from time to time) as of 11:00 a.m., London time, two Business Days prior to the commencement of the requested Interest Period, for a term, and in an amount, comparable to the
Interest Period and the 

  
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amount of the LIBOR Rate Loan requested (whether as an initial LIBOR Rate Loan or as a continuation of a LIBOR Rate Loan or as a conversion of a Base Rate Loan to a LIBOR Rate Loan) by Borrowers
in accordance with this Agreement (and, if any such published rate is below 0.75 percentage points, then the rate for such determination shall be deemed to be 0.75 percentage points). Each determination of the LIBOR Rate shall be made by the Agent
and shall be conclusive in the absence of manifest error. 
 (15) to amend and restate the definition of “Line Cap” to read as
follows: 
 “Line Cap” means, as of any time of determination, the lesser of (a) the Maximum Revolver Amount, and
(b) the sum of (i) the lesser of (A) $25,000,000 and (B) the Canadian Borrowing Base, and (ii) the US Borrowing Base. 

(16) to amend and restate the definition of “Loan Documents” to read as follows: 

“Loan Documents” means this Agreement, the Control Agreements, any Borrowing Base Certificate, the Fee Letter,
the Guaranty and Security Agreement, the Intercompany Subordination Agreement, any Issuer Documents, the Letters of Credit, the Loan Manager Side Letter, the Intercreditor Agreement, the Patent Security Agreement, the Trademark Security Agreement,
any note or notes executed by Borrowers in connection with this Agreement and payable to any member of the Lender Group, and any other instrument or agreement entered into, now or in the future, by any Loan Party or any of its Restricted
Subsidiaries and any member of the Lender Group in connection with this Agreement (but specifically excluding Bank Product Agreements). 

(17) to amend and restate the definition of “Material Subsidiary” to read as follows: 

“Material Subsidiary” means (a) each Borrower, (b) each Restricted Subsidiary of a Loan Party that (i) owns at
least 2.50% of the consolidated total assets of the Loan Parties and their Restricted Subsidiaries, (ii) generates at least 2.50% of the consolidated revenues of the Loan Parties and their Restricted Subsidiaries, (iii) is the owner of
Equity Interests of any Restricted Subsidiary of a Loan Party that otherwise constitutes a Material Subsidiary, or (iv) any group comprising Restricted Subsidiaries of a Loan Party that each would not have been a Material Subsidiary under
clauses (i), (ii), or (iii) but that, taken together, had revenues or total assets in excess of 5.00% of the consolidated revenues or total assets, as applicable, of the Loan Parties and their Restricted Subsidiaries, and (c) each other
Subsidiary that has guaranteed or is otherwise liable for any Other Debt. 
  

  
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 (18) to amend and restate the definition of “Maturity Date” to read as follows:

 “Maturity Date” means March 31, 2021; provided that if on or before March 31, 2021, (a)
the Secured Notes are converted to common Equity Interests of the Parent, refinanced or replaced, in each case, as permitted under, and in accordance with, this Agreement (including, without limitation, the definition of Refinancing Secured Notes),
or (b) the maturity of the Secured Notes is, or is otherwise extended to, a date on or after August 4, 2025 in accordance with the terms of the Secured Notes Documents as in effect on the Second Amendment Effective Date, then effective as
of the date when all of the preceding conditions are satisfied and so long as no Default or Event of Default is outstanding on such date, “Maturity Date” shall mean July 1, 2021; provided, further that if on or before
July 1, 2021, (a) (i) the Senior Notes are repaid, refinanced or replaced in their entirety as permitted under, and in accordance with, this Agreement and such Refinancing Senior Notes, if any, mature on or after January 31, 2023, or
(ii) the maturity of the Senior Notes is otherwise extended to a date on or after January 31, 2023, and (b) (i) the Secured Notes are converted to common Equity Interests of the Parent, refinanced or replaced, in each case, as
permitted under, and in accordance with, this Agreement (including, without limitation, the definition of Refinancing Secured Notes), or (ii) the maturity of the Secured Notes is, or is otherwise extended to, a date on or after August 4,
2025 in accordance with the terms of the Secured Notes Documents as in effect on the Second Amendment Effective Date, then effective as of the date when all of the preceding conditions are satisfied and so long as no Default or Event of Default is
outstanding on such date, “Maturity Date” shall mean October 30, 2022. 
 (19) to amend and restate the definition of
“Maximum Revolver Amount” to read as follows: 
 “Maximum Revolver Amount” means $250,000,000, as the same shall
be decreased by the amount of reductions in the US Revolver Commitments and Canadian Revolver Commitments made in accordance with Section 2.3(c) of this Agreement and increased by the amount of any Increase made in
accordance with Section 2.13 of this Agreement. 
 (20) to amend and restate the definition of “Other
Debt” to read as follows: 
 “Other Debt” means, without duplication, the Senior Notes, the Refinancing
Senior Notes, the Secured Notes, the Refinancing Secured Notes, the Indebtedness permitted under clause (s) of the definition of Permitted Indebtedness, the Indebtedness permitted under clause (v) of the definition of Permitted
Indebtedness, the Indebtedness permitted under clause (w) of the definition of Permitted Indebtedness, and any Refinancing Indebtedness of any of the foregoing regardless of whether such Indebtedness is permitted hereunder. 

 

  
 12 

 (21) to amend and restate clause (q) of the definition of “Permitted
Disposition” and the proviso immediately following such clause to read as follows: 
 (q) sales or other dispositions of assets not
otherwise permitted in clauses (a) through (p) above, so long as (i) no Default or Event of Default has occurred and is continuing or would immediately result therefrom, (ii) each such sale or disposition is in an arm’s-length transaction and the applicable Loan Party or its Restricted Subsidiary receives at least the fair market value of the assets so disposed, (iii) the consideration received by the applicable
Loan Party or its Restricted Subsidiary consists of at least 75% cash and Cash Equivalents and is paid at the time of the closing of such sale or disposition, and (iv) the aggregate amount of the cash and
non-cash proceeds received from all assets sold or disposed of pursuant to this clause (q) taken together with all such sales and dispositions completed since the Closing Date, shall not exceed 5.5% of
the Tangible Net Assets in the aggregate and calculated at the time of such subject sale or disposition; 
 provided, that if, as of
any time of determination, sales or dispositions (other than in the ordinary course of business) by the Loan Parties to any Person that is not a Loan Party during the period of time from the first day of the month in which such date of determination
occurs until such date of determination, either individually or in the aggregate, involve $5,000,000 or more of assets included in any Borrowing Base (based on the fair market value of the assets so disposed) (the “Threshold
Amount”), then Borrowers shall have, prior to the consummation of the sale or disposition that causes the assets included in the Borrowing Base that are disposed of during such period to exceed the Threshold Amount, delivered to the Agent
an updated Borrowing Base Certificate that reflects the removal of the applicable assets from the applicable Borrowing Base. 
 (22) to
amend and restate clause (s) of the definition of “Permitted Indebtedness” in its entirety to read as follows: 

(s) the Secured Notes (and Refinancing Secured Notes incurred in accordance with the definition thereof in respect of such
Secured Notes), the aggregate principal amount of which, when combined with the aggregate principal amount of all remaining Senior Notes after giving effect to the Exchange (and any Refinancing Senior Notes in respect thereof), does not exceed
$328,144,000 (excluding, however, in the case of (x) the Secured Notes, any additional principal amount thereof resulting from the payment of accrued interest in kind thereon in accordance with the terms of the Secured Notes Documents as in
effect on the Second Amendment Effective Date, and (y) Refinancing Secured Notes or Refinancing Senior Notes, any additional principal amount thereof permitted to be incurred pursuant to clause (a) of the definition of “Refinancing
Secured Notes” or “Refinancing Senior Notes”, as applicable, in connection with accrued interest, premiums, fees and expenses in respect of the refinanced Indebtedness); provided that (i) if any Lien securing such
Indebtedness encumbers ABL Collateral, then such Lien shall rank junior to the Liens encumbering ABL Collateral securing the Obligations; (ii) if any Lien securing such Indebtedness encumbers any other assets, such Lien and such Indebtedness
may rank senior to, pari passu with or junior to the Obligations and the Liens, if any, encumbering such other assets securing the Obligations in accordance with clause (v) of the definition of “Permitted Liens”,

  
 13 

 
and in each case under the foregoing clauses (i) and (ii), such Liens and such Indebtedness shall be subject to the Intercreditor Agreement; (iii) the amount permitted pursuant to this
clause (s) shall be reduced dollar for dollar by (A) the aggregate principal payments made on the Secured Notes (other than a redemption or repayment thereof that constitutes Refinancing Secured Notes) and (B) the aggregate principal
amount of any Secured Notes (and Refinancing Secured Notes) converted to common Equity Interests of the Parent in accordance with the terms of such Secured Notes (as in effect on the Second Amendment Effective Date) or Refinancing Secured Notes, as
applicable, on the date such conversion becomes effective; (iv) the scheduled maturity date of such Indebtedness shall not be earlier than 91 days after the Maturity Date in effect at the incurrence of such Indebtedness (and any Refinancing
Secured Notes in respect thereof shall, for the avoidance of doubt, have a scheduled maturity date of no earlier than October 30, 2022); (v) such Indebtedness shall not have any amortization or other requirement to purchase, redeem, retire,
defease or otherwise make any payment in respect thereof, other than (A) at scheduled maturity thereof, (B) mandatory prepayments which are customary with respect to such type of Indebtedness and that are triggered upon a change in control
and sale of all or substantially all assets and certain other asset sales, or (C) the mandatory conversion thereof for common Equity Interests of the Parent in accordance with the Secured Notes Documents as in effect on the Second Amendment
Effective Date; (vi) such Indebtedness shall not be recourse to any Person not liable on account of the Obligations; (vii) such Indebtedness shall be on terms that are reasonable in light of the prevailing circumstances at the time such
Indebtedness is incurred (as determined in good faith by the board of directors of the Parent); provided that the terms of the Secured Notes that were disclosed by the Parent to the Agent and the Required Lenders in the draft exchange
offering documentation on July 20, 2020 shall be deemed reasonable for purposes of this clause (vii) so long as such terms are not amended or otherwise modified prior to the Second Amendment Effective Date; (viii) such Indebtedness
shall be in the form of high yield notes and not “term b” loans or institutional term loans; and (ix) the agreements and instruments governing such Indebtedness shall not contain (A) any financial maintenance covenant,
(B) any affirmative or negative covenants that are, taken as a whole, materially more restrictive than those set forth in the Credit Agreement; provided that the inclusion of any financial covenant that is customary with respect to such
type of Indebtedness and that is not found in the Credit Agreement shall not be deemed to be more restrictive for purposes of this clause (B); provided, further, that the terms of the affirmative and negative covenants that were
disclosed by the Parent to the Agent and the Required Lenders in the draft exchange offering documentation on July 20, 2020 (including such covenants relating to the obligation to secure such Indebtedness with a Lien on Real Property) shall not
be deemed to be more restrictive for purposes of this clause (B) so long as such terms are not amended or otherwise modified prior to the Second Amendment Effective Date, (C) any restrictions on the ability of Parent or any Subsidiary of
the Parent to guarantee the Obligations; provided that a requirement that any such Subsidiary also guarantee such Indebtedness shall not be deemed to be a violation of this clause (C), (D) any restrictions on the ability of Parent or any
Restricted 

  
 14 

 
Subsidiary to pledge Collateral as collateral security for the Obligations, except as set forth in the Intercreditor Agreement, or (E) any restrictions on the ability of Parent or any
Restricted Subsidiary to incur Indebtedness under the Credit Agreement or any other Loan Document other than a restriction as to the outstanding principal amount of such Indebtedness in excess of the aggregate Maximum Revolver Amount then in effect
on the initial issuance date of such Indebtedness; 
 (23) to amend and restate the definition of “Permitted Holder” in its
entirety to read as follows: 
 “Permitted Holder” means (a) SCF-V, L.P., SCF-VI, L.P., SCF-VII, L.P., SCF 2012A, L.P. and SCF 2012B, L.P. and (ii) any other investment fund or vehicle managed or controlled by any of the foregoing and in each
case their respective controlling Affiliates. 
 (24) to amend and restate clause (u) of the definition of “Permitted
Indebtedness” in its entirety to read as follows: 
 (u) the outstanding Senior Notes as of the Second Amendment
Effective Date (after giving effect to the Exchange) and any outstanding Refinancing Senior Notes in respect thereof, in each case, in an aggregate maximum principal amount, when combined with the aggregate principal amount of all outstanding
Secured Notes (and all outstanding Refinancing Secured Notes in respect thereof) not to exceed $328,144,000 (excluding, however, in the case of (x) the Secured Notes, any additional principal amount thereof resulting from the payment of accrued
interest in kind thereon in accordance with the terms of the Secured Notes Documents as in effect on the Second Amendment Effective Date, and (y) Refinancing Secured Notes or Refinancing Senior Notes, any additional principal amount thereof
permitted to be incurred pursuant to clause (a) of the definition of “Refinancing Secured Notes” or “Refinancing Senior Notes”, as applicable, in connection with accrued interest, premiums, fees and expenses in respect of
the refinanced Indebtedness), as such aggregate amount may be reduced dollar for dollar in connection with the conversion of any Secured Notes and Refinancing Secured Notes to common Equity Interests of the Parent permitted by this Agreement and
otherwise in accordance with clause (s) of the definition of “Permitted Indebtedness”. 
 (25) to amend and restate clause
(v) of the definition of “Permitted Liens” in its entirety to read as follows: 
 (v) Liens on assets of the
Parent and Domestic Subsidiaries securing any Indebtedness pursuant to clause (s) of the definition of “Permitted Indebtedness” subject to the restrictions set forth therein, in this Agreement and the Intercreditor Agreement, as
applicable; provided that Liens encumbering Real Property shall not be permitted by this clause (v) without the prior written consent of the Agent and the Required Lenders in the case of such Lien arising after the

  
 15 

 
Second Amendment Effective Date to secure Indebtedness not incurred in connection with the Exchange (it being understood, however, that any Refinancing Secured Notes may be secured by a Lien on
Real Property at the time of such refinancing (in accordance with clause (e) of the definition thereof) so long as the Secured Notes (or Refinancing Secured Notes in respect thereof) were secured by Real Property at the time of such
refinancing); 
 (26) to amend and restate the definition of “Sanctioned Entity” to read as follows: 

“Sanctioned Entity” means (a) a country or territory or a government of a country or territory,
(b) an agency of the government of a country or territory, (c) an organization directly or indirectly controlled by a country or territory or its government, or (d) a Person resident in or determined to be resident in a country or
territory , in each case of clauses (a) through (d) that is a target of Sanctions, including a target of any country sanctions program administered and enforced by OFAC. 

(27) to amend and restate the definition of “Senior Notes” to read as follows: 

“Senior Notes” means (a) prior to the consummation of the Exchange, the outstanding (as of the Second
Amendment Effective Date) $328,144,000 6.250% Senior Notes due 2021, issued under the Indenture dated as of October 2, 2013 among the Parent, as issuer, certain subsidiaries of the Parent, as guarantors, and Wells Fargo Bank, National
Association, as trustee, and (b) after the consummation of the Exchange, such portion, if any, of the outstanding Senior Notes on and after the Second Amendment Effective Date in an aggregate principal amount, when combined with the aggregate
principal amount of outstanding Secured Notes (and any outstanding Refinancing Secured Notes in respect thereof) not to exceed $328,144,000 at any time (excluding, however, in the case of (x) the Secured Notes, any additional principal amount
thereof resulting from the payment of accrued interest in kind in accordance with the terms of the Secured Notes Documents as in effect on the Second Amendment Effective Date, and (y) in the case of Refinancing Secured Notes, any additional
principal amount thereof permitted to be incurred pursuant to clause (a) of the definition of “Refinancing Secured Notes” in connection with accrued interest, premiums, fees and expenses in respect of the refinanced Indebtedness), as
such aggregate amount may be reduced dollar for dollar in connection with the conversion of any Secured Notes and Refinancing Secured Notes to common Equity Interests of the Parent permitted by this Agreement and otherwise in accordance with clause
(s) of the definition of “Permitted Indebtedness”. 
  

  
 16 

 (28) to amend and restate the definition of “US Base Rate” to read as follows:

 “US Base Rate” means the greatest of (a) the Federal Funds Rate plus 1⁄2%, (b) the Adjusted LIBOR Rate (which rate shall be calculated based upon a contract period of one month and shall be determined on a daily basis), plus
one percentage point, and (c) the rate of interest announced, from time to time, within Wells Fargo at its principal office in San Francisco as its “prime rate”, with the understanding that the “prime rate” is one of Wells
Fargo’s base rates (not necessarily the lowest of such rates) and serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto and is evidenced by the recording thereof after its
announcement in such internal publications as Wells Fargo may designate (and, if any such announced rate is below 0.75 percentage points, then the rate determined pursuant to this clause (d) shall be deemed to be 0.75 percentage points). 

(29) to amend the definition of “US Borrowing Base” to (i) amend and restate the
lead-in to read: “means, as of any date of determination and subject to the sentence following clause (f) at the end of this definition, the result of:” and (ii) add the following sentence
at the end of such definition following clause (f): 
 Notwithstanding the foregoing, in no event shall the sum of clauses (b), (c), (d), and
(e) set forth in this definition, when added to the sum of clauses (b), (c), (d), and (e) set forth in the definition of “Canadian Borrowing Base” be greater than the then effective Inventory Cap. 

(30) to amend and restate the definition of “US Guarantors” to read as follows: 

“US Guarantors” means the Guarantors that are Domestic Subsidiaries of the Parent provided, however, that, with respect
to US Borrowers, recovery from any US Guarantor that is a FSHCO will be limited to 65% of the voting Equity Interests in any CFCs and FSCHOs owned by such US Guarantor unless such greater recovery is available to the holders of any Other Debt
pursuant to the guaranty thereof by such FSHCO (and 100% of any other interests in such entity along with all other assets of such FSHCO); provided that, for the avoidance of doubt, with respect to US Borrowers, no direct or indirect Domestic
Subsidiary of a Foreign Subsidiary that is a CFC shall be a US Guarantor unless such CFC has guaranteed, or is otherwise liable for, any Other Debt (in accordance with the Secured Notes Documents or otherwise). 

(b) Section 2.3 (Payments; Reductions of Commitments; Prepayments) of the Credit Agreement is hereby amended to amend and restate
clause (e) to read as follows: 
 (e) Mandatory Prepayments. 

(i) If, at any time, (A) the US Revolver Usage on such date exceeds (B) the lesser of (x) the US Borrowing Base
reflected in the US Borrowing Base Certificate most recently delivered by US Borrowers to the Agent, or (y) the Maximum Revolver Amount, minus (C) the Canadian Revolver Usage, in all cases as adjusted for Reserves established
by the Agent in accordance with Section 2.1(d), then Borrowers shall immediately prepay the Obligations in accordance with Section 2.3(f) in an aggregate amount equal to the amount of such excess.

  
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 (ii) If, at any time, (A) the Canadian Revolver Usage on such date
exceeds (B) the lesser of (x) the Canadian Borrowing Base reflected in the Canadian Borrowing Base Certificate most recently delivered by Canadian Borrowers to the Agent (including any excess arising as a result of fluctuations in exchange
rates), or (y) $30,000,000, then the Canadian Borrowers shall immediately prepay the Obligations in accordance with Section 2.3(f) in an aggregate amount equal to the amount of such excess. 

(iii) If, at any time when there are any Loans outstanding on any Business Day that is on or after the thirtieth (30th) day after the Second Amendment Effective Date, (A) the aggregate Cash Balance in deposit accounts and securities accounts in the United States and Canada exceeds the Cash Balance Sweep Limit
described in clause (a) thereof, then the Borrower shall, promptly (and, in any event, no later than the following Business Day) prepay the Loans in an aggregate principal amount equal to such excess, and (B) the aggregate Cash Balance in
deposit accounts and securities accounts in all jurisdictions (other than the United States and Canada) exceeds the Cash Balance Sweep Limit described in clause (b) thereof, then the Borrower shall, promptly (and, in any event, no later than
four (4) Business Days thereafter) prepay the Loans in an aggregate principal amount to equal to such excess and, if the Dominion Condition (as defined in Section 5.18) has been satisfied, deliver to the Agent a
certificate, in form and substance satisfactory to the Agent, certifying the Cash Balance in all such deposit accounts and securities accounts before and after giving effect to the prepayment of the Loans in the amount of such excess. 

(c) Section 2.11(d)(ii) (Special Provisions Applicable to Non-Base Rate) of the Credit
Agreement is hereby amended to add the following at the beginning of such clause in the place of “In the”: 
 (ii) Subject to the
provisions set forth in Section 2.11(d)(iii) below, in the 
 (d) Section 2.11(d) (Special Provisions Applicable to Non-Base Rate) of the Credit Agreement is hereby amended to add the following as a new clause (d)(iii): 

(iii) Effect of Benchmark Transition Event. 

(A) Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, upon the
occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, the Agent and the Administrative Borrower may amend this Agreement to replace LIBOR Rate with respect to any applicable
currency with one or more Benchmark Replacements, as applicable (it being understood that all Loans denominated in a given currency for which LIBOR Rate is being replaced shall be subject to the same Benchmark Replacement). Any such amendment with
respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Agent 

  
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has posted such proposed amendment to all Lenders and the Administrative Borrower so long as the Agent has not received, by such time, written notice of objection to such amendment from Lenders
comprising the Required Lenders. Any such amendment with respect to an Early Opt-in Election will become effective on the date that Lenders comprising the Required Lenders have delivered to the Agent written
notice that such Lenders accept such amendment. No replacement of LIBOR Rate with a Benchmark Replacement pursuant to this Section 2.11(d)(iii) will occur prior to the applicable Benchmark Transition Start Date. 

(B) Benchmark Replacement Conforming Changes. In connection with the implementation of a Benchmark Replacement, the
Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming
Changes will become effective without any further action or consent of any other party to this Agreement. 
 (C) Notices;
Standards for Decisions and Determinations. The Agent will promptly notify the Administrative Borrower and the Lenders of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in
Election, as applicable, and its related Benchmark Replacement Date and Benchmark Transition Start Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes and
(iv) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Agent or Lenders pursuant to this Section 2.11(d)(iii) including any
determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action, will be conclusive
and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this Section 2.11(d)(iii). 

(D) Benchmark Unavailability Period. Upon Administrative Borrower’s receipt of notice of the commencement of a
Benchmark Unavailability Period, Administrative Borrower may revoke any request for a LIBOR Borrowing of, conversion to or continuation of LIBOR Rate Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing
that, Administrative Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Base Rate Loans. During any Benchmark Unavailability Period, the component of Base Rate based upon the LIBOR Rate will
not be used in any determination of the Base Rate. 
  

  
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 (e) Section 2.15 (Joint and Several Liability of Canadian Borrowers) of the
Credit Agreement is hereby amended to add a new subclause (i) therein as follows: 
 (i) Notwithstanding anything to the contrary in
this Section 2.15, or otherwise in this Agreement or in the other Loan Documents, the parties hereto agree that (A) the obligations of the Canadian Loan Parties as to the Canadian Obligations, on the one hand, and the
obligations of the US Loan Parties as to the US Obligations, on the other hand, are several and not joint, and (B) the Canadian Loan Parties shall be liable only with respect to the Canadian Obligations. 

(f) Section 3.2 (Conditions Precedent to all Extensions of Credit) is hereby amended to delete the “and” after clause
(a), replace the period at the end of clause (b) with “; and” and add as a new clause (c) the following: 
 (c) As
certified in the applicable notice of Borrowing, (i) upon the date of such Borrowing, and (ii) immediately after giving pro forma effect to the making of such Borrowing, the Cash Balance will not exceed each Cash Balance Sweep Limit
described in clauses (a) and (b) of the definition thereof. 
 (g) Section 5.12 (Further Assurances) is hereby amended and
restated in its entirety as follows: 
 5.12 Further Assurances. 

(a) Each US Loan Party will, and will cause each of the other US Loan Parties to, at any time upon the reasonable request of Agent, execute or
deliver to Agent any and all financing statements, fixture filings, security agreements, pledges, assignments, opinions of counsel, and all other documents (the “Additional Documents”) that Agent may reasonably request in form and
substance reasonably satisfactory to Agent, to create, perfect, and continue perfection or to better perfect Agent’s Liens in all of the assets of each of the US Loan Parties (whether now owned or hereafter arising or acquired, tangible or
intangible, real or personal) (other than any assets expressly excluded from the Collateral pursuant to Section 3 of the applicable Guaranty and Security Agreement but subject to clause (c) below), and in order to
fully consummate all of the transactions contemplated hereby and under the other Loan Documents; provided, that the foregoing shall not apply to any Subsidiary of a Loan Party that is a CFC (unless such Subsidiary has guaranteed or is
otherwise liable for any Other Debt); provided, further, that the foregoing shall not require any FSHCO to pledge more than 65% of the voting Equity Interests it owns in any CFC or other FSCHO (unless such FSHCO has pledged more than 65% of
the voting Equity Interests it owns in any CFC or other FSCHO to secure any Other Debt); provided, however, for the avoidance of doubt, a FSHCO may pledge 100% of the other interests in in any CFC or other FSCHO (and, for the avoidance of
doubt, shall pledge whatever other interests it has pledged to secure such Other Debt to secure the Obligations subject to the Intercreditor Agreement). To the maximum extent permitted by applicable law, if any Borrower or any other Loan Party
refuses or fails to execute or deliver any reasonably requested Additional Documents within a reasonable period of time not to exceed 5 Business Days following the request to do so, each US Borrower and each other US Loan Party hereby authorizes
Agent to execute any such Additional Documents in the applicable Loan Party’s name and authorizes Agent to file such executed Additional Documents in any appropriate filing office. In furtherance of, and not in limitation

  
 20 

 
of, the foregoing, each US Loan Party shall take such actions as Agent may reasonably request from time to time to ensure that the Obligations are guaranteed by the US Guarantors (and any other
Person that has guaranteed Other Debt pursuant to the Secured Notes Documents or otherwise) and are secured by substantially all of the assets of the US Loan Parties (and of each other Person that has guaranteed, or is otherwise liable for, Other
Debt), including all of the outstanding capital Equity Interests of each US Borrower (other than the Parent) and its Restricted Subsidiaries (and any other Subsidiaries in the case of such Person that has guaranteed, or is otherwise liable for Other
Debt pursuant to the Secured Notes Documents or otherwise) (in each case, other than with respect to any assets expressly excluded from the Collateral (as defined in the applicable Guaranty and Security Agreement) pursuant to
Section 3 of the Guaranty and Security Agreement subject to clause (c) below). 
 (b) Each Canadian Loan Party
will, and will cause each of the other Canadian Loan Parties to, at any time upon the reasonable request of Agent, execute or deliver to Agent any and all Additional Documents that Agent may reasonably request in form and substance reasonably
satisfactory to Agent, to create, perfect, and continue perfected or to better perfect Agent’s Liens in all of the assets of each of the Canadian Loan Parties (whether now owned or hereafter arising or acquired, tangible or intangible, real or
personal) (other than any assets expressly excluded from the Collateral pursuant to Section 3 of the applicable Guaranty and Security Agreement but subject to clause (c) below), and in order to fully consummate all of
the transactions contemplated hereby and under the other Loan Documents. To the maximum extent permitted by applicable law, if any Canadian Borrower or any other Canadian Loan Party refuses or fails to execute or deliver any reasonably requested
Additional Documents within a reasonable period of time not to exceed 5 Business Days following the request to do so, each Canadian Borrower and each other Loan Party hereby authorizes Agent to execute any such Additional Documents in the applicable
Canadian Loan Party’s name and authorizes Agent to file such executed Additional Documents in any appropriate filing office. In furtherance of, and not in limitation of, the foregoing, each Canadian Loan Party shall take such actions as Agent
may reasonably request from time to time to ensure that the Canadian Obligations are guaranteed by the Foreign Subsidiary Guarantors (and any other Foreign Subsidiary that has guaranteed Other Debt pursuant to the Secured Notes Documents or
otherwise) and are secured by substantially all of the assets of the Canadian Loan Parties (and of each other Foreign Subsidiary that has guaranteed, or is otherwise liable for, Other Debt), including all of the outstanding capital Equity Interests
of each Canadian Borrower (other than the Parent) and its Restricted Subsidiaries (and any other Foreign Subsidiaries in the case of such Foreign Subsidiary that has guaranteed or is otherwise liable for, Other Debt) (in each case, other than with
respect to any assets expressly excluded from the Collateral (as defined in the applicable Guaranty and Security Agreement) pursuant to Section 3 of the applicable Guaranty and Security Agreement subject to clause
(c) below). 

  
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 (c) Notwithstanding anything in this Agreement or in any other Loan Document to the contrary
(including Section 3 of any applicable Guaranty and Security Agreement), the Loan Parties shall at all times cause the Obligations to be guaranteed and secured by each Person (and by such Person’s assets (other than Real Property unless
agreed by all the Lenders in accordance with this Agreement and the Intercreditor Agreement)) to the same extent any Other Debt is guaranteed or secured by such Person (and by such Person’s assets), in each case, subject to the terms and
conditions of the Intercreditor Agreement. 
 (h) Article V (Affirmative Covenants) is hereby amended to add a new Section 5.18
as follows: 
 5.18 Cash Balance Report. The Administrative Borrower shall, on each Business Day occurring on and after the thirtieth
(30th) day following the Second Amendment Effective Date when any Loans are outstanding as of such date of determination, provide the Agent a report setting forth the calculation of the Loan
Parties’ aggregate Cash Balance as of the end of the previous Business Day certified by a Financial Officer of the Administrative Borrower (each a “Cash Balance Report”); provided that if at any time the Loan Parties
irrevocably agree with the Agent to allow for the Agent’s dominion over the Loan Parties’ Controlled Accounts located in the United States (the “Dominion Condition”), then the Administrative Borrower shall only be required
to deliver a Cash Balance Report (a) if Loans are outstanding as of such date, on the third (3rd) Business Day of each week demonstrating the Cash Balance of the Loan Parties in Canadian
deposit accounts and securities accounts as of the previous Business Day, and (b) to the extent Loans were outstanding at any time during the previous month, on the third (3rd) Business Day
of each month, demonstrating the Cash Balance with respect to the Loan Parties’ deposit accounts and securities accounts in all jurisdictions outside the United States and Canada as of the end of the last Business Day of each week during the
previous month. 
 (i) Section 6.6 of the Credit Agreement (Prepayments and Amendments) is hereby amended and restated to read as
follows: 
 Section 6.6 Prepayments and Amendments. Each Loan Party will not,
and will not permit any of its Restricted Subsidiaries to, 
 (a) Except in connection with any Refinancing Indebtedness, any
Refinancing Senior Notes, and any Refinancing Secured Notes, in each case, as permitted by Section 6.1, 

(i) optionally prepay, redeem, defease, purchase, or otherwise acquire any Indebtedness of any Loan Party or its Restricted
Subsidiaries, other than (A) the Obligations in accordance with this Agreement, (B) Hedge Obligations, (C) Permitted Intercompany Advances, (D) other Indebtedness so long as the Payment Conditions are satisfied, or
(E) the Secured Notes (or Refinancing Secured Notes in respect thereof) pursuant to an optional conversion thereof into common Equity Interests of the Parent in accordance with the terms of the Secured Notes Documents as in effect on the Second
Amendment Effective Date, 

  
 22 

 (ii) make any payment on account of Indebtedness that has been contractually
subordinated in right of payment to the Obligations if such payment is not permitted at such time under the subordination terms and conditions, or 

(b) Directly or indirectly, amend, modify, or change any of the terms or provisions of: 

(i) (x) any agreement, instrument, document, indenture, or other writing evidencing or concerning Indebtedness permitted
under clauses (f), (g), (u) or (v) of the definition of Permitted Indebtedness if (A) the effect thereof, either individually or in the aggregate, could reasonably be expected to be materially adverse to the
interests of the Lenders or (B) such amendment, modification or change is prohibited by the intercreditor or subordination terms applicable to such Indebtedness, or (y) any agreement, instrument, document, indenture or other writing
(including the Secured Notes Documents) evidencing the Secured Notes (or Refinancing Secured Notes in respect thereof) and permitted by clause (s) of the definition of “Permitted Indebtedness” if such amendment, modification or change
is prohibited by this Agreement (including the definition of Refinancing Secured Notes) or the Intercreditor Agreement, or if such amendment modification or change to the Secured Notes or Refinancing Secured Notes (and the Secured Notes Documents)
would further expand the scope of the Real Property required to be subject to a Lien to secure the Secured Notes unless consented to by the Agent and the Required Lenders, 

(ii) the Governing Documents of any Loan Party or any of its Restricted Subsidiaries if the effect thereof, either individually
or in the aggregate, could reasonably be expected to be materially adverse to the interests of the Lenders, or 
 (iii) any
agreement, instrument, document, or other writing evidencing or concerning Liens permitted under clause (v) of the definition of Permitted Liens if (x) the effect thereof, either individually or in the aggregate, could reasonably be
expected to be materially adverse to the interests of the Lenders, or (y) such amendment, modification or change is prohibited by the Intercreditor Agreement. 

(j) Section 6.17 of the Credit Agreement (Controlled Accounts; Controlled Investments) is hereby amended to add a reference to
“(as defined in the Guaranty and Security Agreement)” after each reference to “Collection Account” therein. 
 (k)
Section 8.6 of the Credit Agreement (Events of Default; Default Under Other Agreements) is hereby amended and restated in its entirety as follows: 

  
 23 

 Section 8.6 Default Under Other Agreements. 

(a) If there is a default in or under (i) the Senior Notes (or Refinancing Senior Notes in respect thereof), or
(ii) one or more other agreements to which a Loan Party or any of its Restricted Subsidiaries is a party with one or more third Persons relative to a Loan Party’s or any of its Restricted Subsidiaries’ Indebtedness involving an
aggregate amount of $25,000,000 or more, and such default (i) occurs at the final maturity of the obligations thereunder, or (ii) is beyond any applicable grace periods therefor and results in a right by such third Person, irrespective of
whether exercised, to accelerate the maturity of such Loan Party’s or its Restricted Subsidiary’s obligations thereunder; or 

(b) If an “Event of Default” (or analogous concept) has occurred and is continuing under the Secured Notes Documents.

 (l) Section 8.9 of the Credit Agreement (Events of Default; Security Documents) is amended and restated in its entirety as
follows: 
 Section 8.9 Security Documents. If the Guaranty and Security Agreement or
any other Loan Document that purports to create a Lien, shall, for any reason, fail or cease to create a valid and perfected and, (except to the extent of Permitted Liens which are non-consensual Permitted
Liens or possessory in nature, permitted purchase money Liens or the interests of lessors under Capital Leases) first priority Lien on the Collateral covered thereby, except (a) as a result of a sale or other disposition of the applicable
Collateral in a transaction permitted under this Agreement, (b) with respect to ABL Collateral the aggregate value of which, for all such ABL Collateral, does not exceed at any time, $2,200,000, (c) with respect to Collateral other than ABL
Collateral and other Collateral in which the Secured Notes have a first priority Lien, the aggregate value of which, for all such other Collateral, does not exceed at any time, $25,000,000, (d) as the result of an action or failure to act on the
part of Agent, and (e) to the extent such Lien is intended be subordinated to the Permitted Liens under clause (v) of the definition thereof securing the Secured Notes pursuant to, and in accordance with, the Intercreditor Agreement. 

(m) Article VIII (Events of Default) of the Credit Agreement is hereby amended to add as a new Section 8.13 the following: 

Section 8.13 Intercreditor Agreement. The Intercreditor Agreement shall, for any
reason, except to the extent permitted in accordance with the terms hereof or thereof, (i) cease to be in full force and effect, (ii) cease to be valid, binding and enforceable in accordance with its terms against any Borrower, any other
Loan Party, or any other party thereto, (iii) shall be repudiated by any party thereto, or (iv) shall cease to establish the relative lien priorities required or purported thereby. 

 

  
 24 

 (n) Section 14.1(f) (Amendments and Waivers) of the Credit Agreement shall be
amended to delete the “and” in front of clause (ii) therein, replace the period at the end of such section with a comma, and add the following to the end of such section: 

and (iii) any amendment contemplated by Section 2.11(d)(iii) of this Agreement in connection with a Benchmark Transition Event or an
Early Opt-in Election shall be effective as contemplated by such Section 2.11(d)(iii) hereof. 

(o) Paragraph (c) of Schedule 5.1 to the Credit Agreement is hereby amended and restated to read as follows: 

(c) consolidated and consolidating financial statements of Parent and its Subsidiaries, audited by PricewaterhouseCoopers LLP
or any other independent certified public accountants reasonably acceptable to Agent and certified, without any qualifications (including any (i) “going concern” or like qualification or exception (other than with regard to (A) the
current maturity of the Obligations or a portion thereof in any opinion delivered for the fiscal year ending immediately before the Maturity Date or (B) the current maturity of the Senior Notes or a portion thereof in any opinion delivered for
the fiscal year ending immediately before the final maturity date thereof), (ii) qualification or exception as to the scope of such audit, or (iii) qualification which relates to the treatment or classification of any item and which, as a
condition to the removal of such qualification, would require an adjustment to such item, the effect of which would be to cause any noncompliance with the provisions of Section 7 of the Agreement), by such accountants to
have been prepared in accordance with GAAP (such audited financial statements to include a balance sheet, income statement, statement of cash flow, and statement of shareholder’s equity, in each case, with respect to such Persons, and, if
prepared, such accountants’ letter to management solely with respect to the consolidated financial statements of the Parent and its Subsidiaries); provided that for such audited consolidating financial information, the Parent shall provide in
reasonable detail, only to the extent required to be included in the footnotes to the audited financial statements, the differences between the audited consolidated financial statements of the Parent and its Subsidiaries, on the one hand, and the
information related to each of (i) the Loan Parties, (ii) the Restricted Subsidiaries that are not Loan Parties, and (iii) the Unrestricted Subsidiaries, if any, in each case, on the other hand, in such form acceptable to the Agent,

 (p) Schedule C-1 of the Credit Agreement is hereby amended and restated in its entirety in the
form attached hereto as Schedule C-1. 
 (q) The Canadian Guaranty and Security Agreement is
hereby amended to amend and restate the definition of “Excluded Equity Interests” therein as follows: 
 “Excluded Equity
Interests” means the Equity Interests owned by any Grantor in a Joint Venture to the extent (but only to the extent) (a) the organizational documents of such Joint Venture (to the extent such Joint Venture is not wholly-owned, directly
or indirectly, by the Parent) prohibits the granting of Lien on such Equity Interests or (b) such Equity Interests of such Joint Venture are otherwise pledged as collateral to secure (to the extent permitted by the Credit Agreement) the
following (and no other obligations or Indebtedness): (i) obligations to the other holders of the Equity Interests in such Joint Venture (other than a holder that is a 

  
 25 

 
Subsidiary of Parent) or (ii) Indebtedness of such Joint Venture that is non-recourse to any of the Loan Parties or to any of the Loan Parties’
Properties; provided however that, if any of the foregoing conditions cease to be in effect for any reason, then the Equity Interest in such Joint Venture shall cease to be an “Excluded Equity Interest” and shall
automatically be subject to the Security Interest granted hereby and to the terms and provisions of this Agreement as “Collateral”; provided further, that any proceeds received by any Grantor from the sale, transfer or other
disposition of Excluded Equity Interest shall constitute Collateral unless any property constituting such proceeds are themselves subject to the exclusions set forth above. 

(r) The US Guaranty and Security Agreement is hereby amended to amend and restate the definition of “Excluded Equity Interests”
therein as follows: 
 “Excluded Equity Interests” means the Equity Interests owned by any Grantor in a Joint Venture to the
extent (but only to the extent) (a) the organizational documents of such Joint Venture (to the extent such Joint Venture is not wholly-owned, directly or indirectly, by the Parent) prohibits the granting of Lien on such Equity Interests or
(b) such Equity Interests of such Joint Venture are otherwise pledged as collateral to secure (to the extent permitted by the Credit Agreement) the following (and no other obligations or Indebtedness): (i) obligations to the other holders of
the Equity Interests in such Joint Venture (other than a holder that is a Subsidiary of Parent) or (ii) Indebtedness of such Joint Venture that is non-recourse to any of the Loan Parties or to any of the
Loan Parties’ Properties; provided however that, if any of the foregoing conditions cease to be in effect for any reason, then the Equity Interest in such Joint Venture shall cease to be an “Excluded Equity Interest” and
shall automatically be subject to the Security Interest granted hereby and to the terms and provisions of this Agreement as “Collateral”; provided further, that any proceeds received by any Grantor from the sale, transfer or other
disposition of Excluded Equity Interest shall constitute Collateral unless any property constituting such proceeds are themselves subject to the exclusions set forth above. 

(s) The US Guaranty and Security Agreement is hereby amended to amend and restate the definition of “Guarantor” therein as follows:

 “Guarantor” means each Grantor other than any US Borrower. For the avoidance of doubt, any Excluded Subsidiary (US) is
not a “Guarantor” under this Agreement, and any FSHCO can be a “Guarantor” under this Agreement provided that any recovery from such FSHCO pursuant to its obligations under this Agreement shall be limited to 65% of the voting
Equity Interests in any CFCs and any other FSHCOs owned by such FSHCO (unless such greater recovery is available or granted to the holders of any Other Debt pursuant to the Secured Notes Documents or otherwise). 

 

  
 26 

 (t) The US Guaranty and Security Agreement is hereby amended to amend and restate clause
(i) of the definition of “Excluded Collateral” in Section 3 thereof as follows: 
 (i) voting Equity Interests of
any CFC or FSHCO, solely to the extent that such Equity Interests represent more than 65% of the outstanding voting Equity Interests of such CFC or FSHCO; provided that such excess shall not be Excluded Collateral to the extent any such
excess voting Equity Interests of such CFC or FSHCO secure any Other Debt in accordance with the Secured Notes Documents or otherwise, 

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

(a) after giving effect to this Agreement, the representations and warranties of the Loan Parties and their Restricted Subsidiaries contained
in the Loan Documents are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) on
the Effective Date (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations and warranties are true and correct in all material respects (except that such materiality
qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of such earlier date); 

(b) no Default or Event of Default has occurred and is continuing; 

(c) the execution, delivery and performance of this Agreement by such Loan Party are within its corporate or limited liability company power
and authority, as applicable, and have been duly authorized by all necessary corporate or limited liability company action, as applicable; 

(d) this Agreement constitutes the legal, valid and binding obligation of such Loan Party enforceable in accordance with its terms, except as
limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally and general principles of equity whether applied by a court of law or equity; and 

(e) there are no governmental or other third party consents, licenses and approvals required in connection with the execution, delivery,
performance, validity and enforceability of this Agreement, other than consents, licenses, approvals or other actions that have been obtained and are in full force and effect and immaterial consents, licenses, approvals or other actions the failure
to obtain which could not reasonably be expected to be adverse to the interests of any member of the Lender Group. 
 Section 5.
Conditions to Effectiveness. This Agreement shall become effective and enforceable against the parties hereto as of the date on which the satisfaction of the following conditions precedent occurs (the “Effective
Date”): 
 (a) The Agent shall have received this Agreement executed by duly authorized officers of the Parent, Forum Canada, the
other Borrowers, the Guarantors, the Agent, and all of the Lenders. 

  
 27 

 (b) The Exchange shall have been consummated; provided that, (i) the terms of
such Exchange and the Secured Notes issued thereunder shall not violate (A) the Intercreditor Agreement, (B) clause (s) of the definition of “Permitted Indebtedness” (as amended hereby) or (C) clause (v) of the definition of
“Permitted Liens” (as amended hereby), and (ii) the “Notes Security Documents” (as defined in the Intercreditor Agreement) shall be in form and substance substantially similar to the Guarantee and Security Agreement and each
other analogous Loan Document (other than with respect to documents governing Liens on Real Property) that creates or purports to create a Lien in the Collateral in favor of the Notes Representative (as defined in the Intercreditor Agreement), with
any changes necessary to reflect the nature of the underlying obligations reflected by the Secured Notes. 
 (c) Substantially simultaneously
with the Effective Date, the Agent shall have received (i) true copies (certified as such by the Parent) of the Secured Notes Documents and all amendments, supplements or other modifications thereto, and (ii) a certification from the
Parent that the Exchange has been consummated. 
 (d) The Agent shall have received a fully executed Intercreditor Agreement, in form and
substance reasonably satisfactory to the Agent, dated as of the Effective Date, from the Loan Parties and the collateral agent for the Secured Notes (the “Intercreditor Agreement”). 

(e) Each Borrower shall have delivered to the Agent and directly to any Lender requesting the same, a Beneficial Ownership Certification in
relation to it (or a certification that such Borrower qualifies for an express exclusion from the “legal entity customer” definition under the Beneficial Ownership Regulations), in each case, at least five (5) Business Days prior to
the Effective Date. 
 (f) The Borrowers shall have paid all fees and expenses owed to the Agent, the Lenders and Agents’ outside legal
counsel, to the extent required to be paid or reimbursed under the terms of the Loan Documents, pursuant to invoices presented for payment at least one Business Day prior to the Effective Date. 

(g) The Agent shall have received all such other security and collateral documents and instruments as it shall have requested in connection
with the transactions contemplated by the issuance of the Secured Notes and its entry into the Intercreditor Agreement. 
 (h) The Agent
shall have received opinions, dated as of the Effective Date, of the Loan Parties’ counsel (including local counsels) in form and substance reasonably satisfactory to the Agent. 

(i) The Agent shall have received a certificate from the Secretary of each Loan Party (i) attesting to the resolutions of such Loan
Party’s board of directors authorizing its execution, delivery, and performance of the Loan Documents (as amended hereby) to which it is a party, (ii) authorizing specific officers of such Loan Party to execute the same, and
(iii) attesting to the incumbency and signatures of such specific officers of such Loan Party. 
 (j) The Agent shall have received
copies of each Loan Party’s Governing Documents, as amended, modified, or supplemented to the Effective Date, which Governing Documents shall be (i) certified by the Secretary of such Loan Party, and (ii) with respect to Governing
Documents that are charter documents, certified as of a recent date by the appropriate governmental official. 

  
 28 

 (k) The Agent shall have received a certificate of status with respect to each Loan Party,
dated within 10 days of the Effective Date (or such other date as permitted by the Agent in its sole discretion), such certificate to be issued by the appropriate officer of the jurisdiction of organization of such Loan Party, which certificate
shall indicate that such Loan Party is in good standing in such jurisdiction. 
 (l) To the extent available to be delivered on or before the
Effective Date, the Agent shall have received certificates of status with respect to each Loan Party, each certified as of a recent date, such certificates to be issued by the appropriate officer of the jurisdictions (other than the jurisdiction of
organization of such Loan Party) in which its failure to be duly qualified or licensed would constitute a Material Adverse Effect, which certificates shall indicate that such Loan Party is in good standing in such jurisdictions. 

(m) The Agent shall have received a certificate of insurance, together with the endorsements thereto, as are required by Section 5.6 of
the Credit Agreement, the form and substance of which shall be reasonably satisfactory to Agent. 
 (n) After giving effect to the Exchange
and the transactions contemplated hereby and thereby on the Effective Date, the Borrowers shall demonstrate that the sum of (i) all cash on deposit in the Loan Parties’ deposit accounts and securities accounts in the United States
(excluding cash in Excluded Accounts), and (ii) Excess Availability is equal to or greater than $90,000,000. 
 (o) The representations
and warranties in Section 4 hereof shall be true and correct in all respects. 
 Notwithstanding the foregoing,
this Agreement shall not become effective unless each of the foregoing conditions is satisfied (or waived in accordance with the Credit Agreement) at or prior to 5:00 p.m., New York, New York time, on September 22, 2020 (and, in the event such
conditions are not so satisfied or waived, this Agreement shall terminate automatically without further action by, or notice to, any Person); provided that if the Parent elects to terminate the Exchange before either (i) the foregoing
conditions are satisfied (or waived), or (ii) September 22, 2020, the Parent shall notify the Agent in writing promptly of such election, and upon receipt of such notice by the Agent, this Agreement shall terminate automatically without
further action by the Agent or any of the Lenders. 
 Section 6. Acknowledgments and Agreements.  

(a) Each Loan Party acknowledges that on the date hereof all outstanding Obligations are payable in accordance with their terms and each Loan
Party waives any defense, offset, counterclaim or recoupment (other than a defense of payment or performance) with respect thereto. 
 (b)
Each Loan Party, the Agent, the Issuing Banks, the Swing Line Lenders and each Lender party hereto does hereby adopt, ratify, and confirm the Credit Agreement, as amended hereby (the “Amended Credit Agreement”), and acknowledges and
agrees that the Amended Credit Agreement is and remains in full force and effect, and acknowledge and agree that their respective liabilities and obligations under the Amended Credit Agreement, each Guaranty and Security Agreement, and the other
Loan Documents, are not impaired in any respect by this Agreement. 

  
 29 

 (c) Nothing herein shall constitute a waiver or relinquishment of (i) any Default or
Event of Default under any of the Loan Documents, (ii) any of the agreements, terms or conditions contained in any of the Loan Documents, (iii) any rights or remedies of the Agent or any Lender with respect to the Loan Documents, or
(iv) the rights of the Agent, any Issuing Bank, any Swing Line Lender or any Lender to collect the full amounts owing to them under the Loan Documents. 

(d) From and after the Effective Date, all references to the Credit Agreement and the Loan Documents shall mean the Credit Agreement and such
Loan Documents, as amended by this Agreement. This Agreement is a Loan Document for the purposes of the provisions of the other Loan Documents. 

(e) The Borrowers hereby irrevocably elect, pursuant to Section 2.3(c) of the Credit Agreement, to reduce the US Revolver Commitments to
$250,000,000 and the Canadian Revolver Commitments to $25,000,000 as set forth on Schedule C-1 hereto permanently. The parties hereto agree that this Section 6(e) shall
constitute the required advance written notice of the election to reduce such US Revolver Commitments and Canadian Revolver Commitments in accordance with Section 2.3(c) of the Credit Agreement. 

Section 7. Reaffirmation of Guaranty and Security Agreements. Each Loan Party (a) reaffirms the terms of and its
obligations (and the security interests granted by it) under each Guaranty and Security Agreement to which it is a party, and agrees that each such Guaranty and Security Agreement will continue in full force and effect to secure the Obligations as
the same may be amended, supplemented, or otherwise modified from time to time, (b) acknowledges, represents, warrants and agrees that the liens and security interests granted by it pursuant to the Guaranty and Security Agreement are valid,
enforceable and subsisting and create a security interest to secure the Obligations, and (c) confirms, acknowledges and agrees that such Guarantor continues to unconditionally and irrevocably guarantee the full and punctual payment, when due,
whether at stated maturity or earlier by acceleration or otherwise, of all of the Obligations, as such Obligations may have been amended by this Agreement, and its execution and delivery of this Agreement does not indicate or establish an approval
or consent requirement by such Guarantor under the Guaranty and Security Agreement, in connection with the execution and delivery of amendments, consents or waivers to the Credit Agreement or any of the other Credit Documents. 

Section 8. Intercreditor Agreement. Each of the Lenders hereby agrees to be bound by the terms of the Intercreditor
Agreement as if such Lender was a signatory thereto. Each Lender hereby (i) acknowledges that Wells Fargo Bank, National Association will be acting under the Intercreditor Agreement as the Agent and that Wells Fargo Bank, National Association
is or may be a Lender hereunder and (ii) waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against the Agent any claims, cause of action, damages or liabilities of whatever
kind or nature relating thereto. Each Lender hereby authorizes and directs the Agent to enter into the Intercreditor Agreement on behalf of such Lender, with such changes as may be reasonably acceptable to the Agent in its sole discretion, and
agrees that the Agent, in its various capacities thereunder, may take such actions on its behalf as is contemplated by the terms of the Intercreditor Agreement. 

  
 30 

 Section 9. Counterparts. This Agreement may be signed in any
number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which, taken together, constitute one and the same agreement. Delivery of an executed
counterpart of a signature page of this Agreement by facsimile or by e-mail “PDF” copy shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 10. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted pursuant to the Credit Agreement. 
 Section 11.
Invalidity. In the event that any one or more of the provisions contained in this Agreement shall be held invalid, illegal or unenforceable in any respect under any applicable Legal Requirement, the validity, legality, and
enforceability of the remaining provisions contained herein or therein shall not be affected or impaired thereby. 
 Section 12.
Governing Law. This Agreement shall be deemed a contract under, and shall be governed by, and construed and enforced in accordance with, the laws of the State of New York applicable to contracts made and to be performed entirely
within such state without regard to conflicts of laws principles (other than Sections 5-1401 and 5-1402 of the General Obligations Law of the State of New York). 

Section 13. Entire Agreement. THIS AGREEMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE
FINAL AGREEMENT AMONG THE PARTIES AND SUPERSEDE ALL PRIOR UNDERSTANDINGS AND AGREEMENTS, WHETHER WRITTEN OR ORAL, RELATING TO THE TRANSACTIONS PROVIDED FOR HEREIN AND THEREIN. ADDITIONALLY, THIS AGREEMENT, THE CREDIT AGREEMENT AS AMENDED BY THIS
AGREEMENT, AND THE OTHER CREDIT DOCUMENTS 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. 

IN EXECUTING THIS AGREEMENT, EACH PARTY HERETO HEREBY WARRANTS AND REPRESENTS IT IS NOT RELYING ON ANY STATEMENT OR REPRESENTATION OTHER
THAN THOSE IN THIS AGREEMENT AND IS RELYING UPON ITS OWN JUDGMENT AND ADVICE OF ITS ATTORNEYS. 
 [SIGNATURES BEGIN ON NEXT PAGE]

  
 31 

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

			
	BORROWERS:
	
	FORUM ENERGY TECHNOLOGIES, INC.
		
	By:	 	 /s/ D. Lyle Williams, Jr.

	Name: D. Lyle Williams, Jr.
	Title: Executive Vice President and Chief Financial Officer
	
	FORUM CANADA ULC
		
	By:	 	 /s/ John McElroy

	Name: John McElroy
	Title: President
	
	GT COILED TUBING OF CANADA ULC
		
	By:	 	 /s/ Neal Lux

	Name: Neal Lux
	Title: President
	
	GUARANTORS:
	
	FET HOLDINGS, LLC
	FORUM ENERGY SERVICES, INC.
	FORUM GLOBAL HOLDINGS, LLC
	FORUM GLOBAL TUBING LLC
	FORUM GLOBAL TUBING LP
	FORUM INTERNATIONAL HOLDINGS, INC.
	FORUM US, INC.
		
	By:	 	 /s/ John McElroy

	Name: John McElroy
	Title: President

 [SIGNATURE PAGE TO FORUM
AMENDMENT NO. 2] 

 
			
	GLOBAL TUBING LLC
		
	By:	 	 /s/ Neal Lux

	Name: Neal Lux
	Title: President
	
	Z EXPLORATIONS, INC.
		
	By:	 	 /s/ Steve Pounds

	Name: Steve Pounds
	Title: President
	
	GLOBAL FLOW TECHNOLOGIES, INC.
	Z RESOURCES, INC.
	ZY-TECH GLOBAL INDUSTRIES, INC.
		
	By:	 	 /s/ Steve Pounds

	Name: Steve Pounds
	Title: President
	
	PRO-TECH VALVE SALES, INC.
		
	By:	 	 /s/ Wayne Fetaz

	Name: Wayne Fetaz
	Title: Director
	
	HOUSTON GLOBAL HEAT TRANSFER LLC
		
	By:	 	 /s/ John McElroy

	Name: John McElroy
	Title: President
	
	GLOBAL HEAT TRANSFER ULC
		
	By:	 	 /s/ John McElroy

	Name: John McElroy
	Title: President

 [SIGNATURE PAGE TO FORUM
AMENDMENT NO. 2] 

 
			
	AGENTS/LENDERS:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent, Issuing Bank and a Lender
		
	By:	 	 /s/ M. Galouk Jr.

	Name: M. Galouk, Jr.
	Title: Vice President

 [SIGNATURE PAGE TO FORUM
AMENDMENT NO. 2] 

 
			
	WELLS FARGO CAPITAL FINANCE CORPORATION CANADA, as a Lender and Issuing Bank
		
	By:	 	 /s/ David G. Phillips

	Name: David G. Phillips
	Title: Senior Vice President

 [SIGNATURE PAGE TO FORUM
AMENDMENT NO. 2] 

 
			
	JPMORGAN CHASE BANK, N.A., as a Lender and Issuing Bank
		
	By:	 	 /s/ Jorge Diaz Granados

	Name: Jorge Diaz Granados
	Title: Authorized Officer

 [SIGNATURE PAGE TO FORUM
AMENDMENT NO. 2] 

 
			
	JPMORGAN CHASE BANK, N.A., TORONTO BRANCH, as a Lender and Issuing Bank
		
	By:	 	 /s/ A. Marchetti

	Name: Auggie Marchetti
	Title: Authorized Officer

 [SIGNATURE PAGE TO FORUM
AMENDMENT NO. 2] 

 
			
	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/ Brendan Mackay

	Name: Brendan Mackay
	Title: Vice President

 [SIGNATURE PAGE TO FORUM
AMENDMENT NO. 2] 

 
			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Ajay Jagsi

	Name: Ajay Jagsi
	Title: Vice President

 [SIGNATURE PAGE TO FORUM
AMENDMENT NO. 2] 

 
			
	BANK OF AMERICA, N.A. CANADA BRANCH, as a Lender
		
	By:	 	 /s/ Medina Sales de Andrade

	Name: Medina Sales de Andrade
	Title: Vice President

 [SIGNATURE PAGE TO FORUM
AMENDMENT NO. 2] 

 
			
	HSBC BANK USA, N.A., as a Lender
		
	By:	 	 /s/ Temesgen Haile

	Name: Temesgen Haile
	Title: Vice President

 [SIGNATURE PAGE TO FORUM
AMENDMENT NO. 2] 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender
		
	By:	 	 /s/ Jennifer Culbert

	Name: Jennifer Culbert
	Title: Vice President
		
	By:	 	 /s/ Philip Tancorra

	Name: Philip Tancorra
	Title: Vice President

 [SIGNATURE PAGE TO FORUM
AMENDMENT NO. 2] 

 
			
	DEUTSCHE BANK AG, CANADA BRANCH, as a Lender
		
	By:	 	 /s/ David Gynn

	Name: David Gynn
	Title: Chief Country Officer
		
	By:	 	 /s/ J. Bak

	Name: Jon Bak
	Title: Assistant Vice President

 [SIGNATURE PAGE TO FORUM
AMENDMENT NO. 2] 

 
			
	ZIONS BANCORPORATION, N.A. DBA AMEGY BANK, as a Lender
		
	By:	 	 /s/ Brad Ellis

	Name: Brad Ellis
	Title: Senior Vice President

 [SIGNATURE PAGE TO FORUM
AMENDMENT NO. 2] 

 SCHEDULE C-1 

COMMITMENTS 
  

									
	 Revolving Lenders
	  	US Revolver
Commitment	 	  	Canadian Revolver
Commitment	 
	 Wells Fargo Bank, National Association
	  	$	62,500,000	 	  	$	0	 
	 Wells Fargo Capital Finance Corporation Canada
	  	$	0	 	  	$	7,500,000	 
	 JPMorgan Chase Bank, N.A.
	  	$	41,666,666.66	 	  	$	0	 
	 JPMorgan Chase Bank, N.A., Toronto Branch
	  	$	0	 	  	$	4,166,666.66	 
	 Citibank, N.A.
	  	$	41,666,666.66	 	  	$	4,166,666.66	 
	 Bank of America, N.A.
	  	$	41,666,666.67	 	  	$	0	 
	 Bank of America, N.A. Canada Branch
	  	$	0	 	  	$	4,166,666.67	 
	 HSBC BANK USA, N.A.
	  	$	29,166,667	 	  	$	2,916,667	 
	 Deutsche Bank AG New York Branch
	  	$	20,833,333	 	  	$	0	 
	 Deutsche Bank AG, Canada Branch
	  	$	0	 	  	$	2,083,333	 
	 Zions Bancorporation, N.A. DBA Amegy Bank
	  	$	12,500,000	 	  	$	0	 
	 Total:
	  	$	250,000,000	 	  	$	25,000,000EX-10.2

 Exhibit 10.2 

Execution Version 

REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT (the “Registration Rights Agreement”), dated as of August 4, 2020, is entered into
by and among Forum Energy Technologies, Inc., a Delaware corporation (the “Company”), and each of the Persons (as defined below) party hereto on the date hereof (collectively, the “Initial Holders”).
The Company and the Holders are collectively referred to herein as the “Parties”. 
 WHEREAS, in connection with,
and in consideration of, the transactions contemplated by those certain Exchange and Support Agreements, dated as of July 6, 2020, by and among the Parties, the Initial Holders have requested, and the Company has agreed to provide, registration
rights with respect to the Registrable Securities (as hereinafter defined) as set forth in this Registration Rights Agreement. 
 NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each party hereto, the Parties hereby agree as
follows: 
 1. Definitions. In addition to the terms defined elsewhere in this Registration Rights Agreement, when used
in this Registration Rights Agreement the following terms shall have the meanings indicated. 
 “Affiliate” means
with respect to a particular Person, any Person Controlling, Controlled by, or Under Common Control with such Person, and shall also include any Related Fund of such Person. 

“Board” means the board of directors of the Company. 

“Business Day” means any day other than a Saturday, a Sunday, or a holiday on which banks are authorized or required
by Law to close in the city of Houston, Texas. 
 “Common Stock” means the common stock, par value $0.01 per share,
of the Company. 
 “Company” has the meaning set forth in the Preamble above. 

“Control” (including the correlative terms “Controlling”, “Controlled
by” and “Under Common Control”) means possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership of securities or any partnership or
other ownership interest, by contract or otherwise) of a Person. 
 “Convertible Notes” means the Company’s
9.000% Convertible Senior Secured Notes due 2025 issued pursuant to the Convertible Notes Indenture. 
 “Convertible Notes
Indenture” means the indenture, dated as of the date hereof, between the Company, the guarantors party thereto and U.S. Bank National Association, as trustee and collateral agent. 

“DDJ” means DDJ Capital Management, LLC, a Massachusetts limited liability company. 

 “End of Suspension Notice” has the meaning set forth in
Section 4(c)(i) below. 
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended, or any successor federal statute, and the rules and regulations of the SEC promulgated thereunder. 
 “Existing
Registration Rights Agreement” means that certain Registration Rights Agreement, dated as of October 2, 2017, by and between the Company and Q-GT (V) Investment Partners, LLC. 

“FINRA” means the Financial Industry Regulatory Authority, Inc. 

“Holder” means (a) any Initial Holder until such Initial Holder ceases to own or hold any Registrable Securities;
(b) any Affiliate of such Initial Holder if such Affiliate owns or holds Registrable Securities and until such Affiliate ceases to own or hold any Registrable Securities and (c) any owner or holder of Registrable Securities to whom
registration rights conferred by this Registration Rights Agreement have been transferred in compliance with Section 9 below; provided, however, that a Person shall cease to be a Holder if and when (i) such
Person and its Affiliates collectively own or hold Common Stock, including Convertible Notes convertible into Common Stock (whether or not such Convertible Notes are convertible at any particular time in question), representing less than 10% of the
outstanding Common Stock, (ii) such Person and its Affiliates may dispose of all Registrable Securities then owned or held by such Person and its Affiliates pursuant to Rule 144 (or any successor rule) under the Securities Act without
restriction (including volume and manner of sale limitations) and without the need for current public information and (iii) any legend ordinarily included on restricted securities of the Company has been removed from the certificates or
book-entries evidencing any Registrable Securities then owned or held by such Person and its Affiliates, and, if the foregoing clauses (i) through (iii) have been satisfied, the Registrable Securities owned by such Person shall cease to be
Registrable Securities. For the avoidance of doubt, for purposes of determination of the 10% threshold in clause (i) above, “Affiliates” shall include all clients, accounts and funds of an IM (including DDJ and MacKay) that own or
hold Common Stock, including Convertible Notes convertible into Common Stock (whether or not such Convertible Notes are convertible at any particular time in question). 

“IM” has the meaning set forth in Section 4(a) below. 

“Indemnified Party” has the meaning set forth in Section 7(c) below. 

“Indemnifying Party” has the meaning set forth in Section 7(c) below. 

“Initial Holder” has the meaning set forth in the preamble above. 

“Inspectors” has the meaning set forth in Section 5(j) below. 

“Law” means any applicable constitutional provision, statute, act, code, law, regulation, rule, ordinance, order,
decree, ruling, proclamation, resolution, judgment, decision, declaration, or interpretative or advisory opinion or letter of a governmental authority. 

“Lock-Up Period” has the meaning set forth in
Section 4(a) below. 

  
 2 

 “Loss” and “Losses” have the meanings set
forth in Section 7(a) below. 
 “MacKay” means MacKay Shields LLC, a Delaware limited
liability company. 
 “Other Holders” has the meaning set forth in Section 3(c) below.

 “Parties” has the meaning set forth in the Preamble above. 

“Person” means any natural person, limited liability company, corporation, limited partnership, general partnership,
joint stock company, joint venture, association, company, trust, bank trust company, land trust, business trust, or other organization, whether or not a legal entity, and any government or agency or political subdivision thereof. 

“Piggyback Takedown” has the meaning set forth in Section 3(a) below. 

“Records” has the meaning set forth in Section 5(j) below. 

“Registrable Securities” means (i) the Common Stock of the Company held or beneficially owned by any Holder,
including any Common Stock beneficially owned by such Holder’s Affiliates, and (ii) any Common Stock issuable upon the conversion of the Convertible Notes; provided, that any Registrable Security will cease to be a Registrable
Security when (a) a registration statement covering such Registrable Security has become effective, or has been declared effective by the SEC, and it has been disposed of pursuant to such effective registration statement (excluding the
registration statement with registration no. 333-239684), or (b) it is sold (excluding transfers or assignments by a Holder to an Affiliate) pursuant to Rule 144 (or any similar provisions then in force)
under the Securities Act. 
 “Registration Rights Agreement” has the meaning set forth in the Preamble above. 

“Registration Statement” means any registration statement filed hereunder or in connection with a Piggyback Takedown.

 “Related Fund” means, with respect to any Person, any fund, account or investment vehicle that is controlled or
managed by (i) such Person, (ii) an Affiliate of such Person or (iii) the same investment manager, advisor or subadvisor that controls or manages such Person or an Affiliate of such investment manager, advisor or subadvisor. 

“Requesting Holder” and “Requesting Holders” have the meanings set forth in Section 2(a)
below. 
 “SEC” means the United States Securities and Exchange Commission, or any other federal agency at the time
administering the Securities Act or the Exchange Act. 
 “Securities Act” means the Securities Act of 1933, as
amended, or any successor federal statute, and the rules and regulations of the SEC promulgated thereunder. 
 “Selling
Holder” means a Holder who is selling Registrable Securities pursuant to a registration statement under the Securities Act. 

  
 3 

 “Shelf Registration” means a registration of securities pursuant to
a registration statement filed with the SEC in accordance with and pursuant to Rule 415 promulgated under the Securities Act (or any successor rule then in effect). 

“Shelf Registration Statement” means a registration statement to permit the public resale of the Registrable
Securities. 
 “Suspension Notice” has the meaning set forth in Section 4(c)(i) below.

 “Underwriter” means in connection with a Piggyback Takedown a securities dealer which purchases any Registrable
Securities as principal and not as part of such dealer’s market-making activities. 
 2. Shelf Registration. 

(a) Filing. At any time and from time to time, one or more Holders (each such Holder, a “Requesting Holder” and,
collectively, the “Requesting Holders”), may request that the Company (i) prepare and file, no later than thirty (30) days after the date of such request, a Shelf Registration Statement on such appropriate form of
the SEC as shall be selected by the Company (provided, that if the Company is then eligible, it shall file such Registration Statement on Form S-3) to permit the public resale of all or any portion of the
Registrable Securities requested by such Requesting Holders in accordance with the terms of the Registration Rights Agreement and (ii) shall use commercially reasonable efforts to cause such Shelf Registration Statement to be declared effective
under the Securities Act as promptly as practicable, but in no event later than the date that is thirty (30) days following the filing thereof (or ninety (90) days following the filing thereof if the SEC notifies the Company that it will
“review” the Shelf Registration Statement) and (iii) shall use commercially reasonable efforts to cause such Shelf Registration Statement to remain effective until the earlier of (x) the third anniversary of the date on which
such Shelf Registration becomes effective or (y) the date on which there are no longer any Registrable Securities. 
 (b) Additional
Selling Stockholders and Additional Registrable Securities. 
 (i) If at any time the Company proposes to register
Registrable Securities for the account of the Requesting Holders pursuant to Section 2(a), then the Company shall give, or cause to be given, written notice of such proposed filing to all other Holders as soon as
practicable (but in no event less than thirty (30) days before the anticipated filing date). Upon the written request of any Holder, delivered to the Company no later than the fifteenth (15th) Business Day after the Company’s notice is
delivered to such Holder, to register any of its Registrable Securities, the Company will cause such Registrable Securities to be included in the Shelf Registration Statement proposed to be filed by the Company. 

(ii) If a Shelf Registration Statement is effective, within ten (10) Business Days after written request therefor by a
Holder of Registrable Securities, the Company shall file a prospectus supplement or current report on Form 8-K to add such Holder as a selling stockholder in such Shelf Registration Statement to the extent
permitted under the rules and regulations promulgated by the SEC. 

  
 4 

 (iii) The registration rights granted pursuant to the provisions of this
Section 2 shall be in addition to the registration rights granted pursuant to the provisions of Section 3. 

(c) The Company shall not be obligated to file any Shelf Registration Statement pursuant to this Section 2 within 60 days
after (i) the pricing of a primary underwritten offering of Common Stock by the Company or (ii) the date of effectiveness of a previous Shelf Registration Statement that is filed pursuant to this Registration Rights Agreement. 

3. Piggyback Takedowns. 

(a) Right to Piggyback. Whenever the Company proposes to offer any of its Common Stock pursuant to a registration statement in an
underwritten offering under the Securities Act for its own account or for the account of any holder of securities of the Company, other than (i) in connection with registrations on Form S-4 or S-8 promulgated by the SEC or any successor or similar forms or (ii) a registration on any form that does not include substantially the same information as would be required to be included in a registration
statement covering the sale of Registrable Securities (a “Piggyback Takedown”), the Company shall give prompt written notice to all Holders of Registrable Securities of its intention to effect such Piggyback Takedown,
describing in reasonable detail the proposed registration (including the number and class of securities proposed to be registered, the proposed date of filing of such registration statement, any proposed means of distribution of such securities, any
proposed managing underwriter of such securities and a good faith estimate by the Company of the range of offering prices of such securities; provided, that if a Holder notifies the Company in writing that it does not wish to receive notices
of Piggyback Takedowns, the Company will not send such Holder any such notices. In the case of a Piggyback Takedown that is an underwritten offering under a shelf registration statement, such notice shall be given not less than five
(5) Business Days prior to the expected date of commencement of marketing efforts for such Piggyback Takedown. In the case of a Piggyback Takedown that is an underwritten offering under a registration statement that is not a shelf registration
statement, such notice shall be given not less than seven (7) Business Days prior to the expected date of filing of such registration statement. The Company shall, subject to the provisions of Section 3(b) and
Section 3(c) below, include in such Piggyback Takedown, as applicable, on the same terms and conditions as the securities otherwise being sold pursuant to such Piggyback Takedown, all Registrable Securities with respect to
which the Company has received written requests for inclusion therein within five (5) Business Days after the Company’s notice is delivered to the Holders. Notwithstanding anything to the contrary contained herein, the Company may
determine not to proceed with any Piggyback Takedown upon written notice to the Holders of Registrable Securities requesting to include their Registrable Securities in such Piggyback Takedown. 

(b) Priority on Primary Piggyback Takedowns. If a Piggyback Takedown is an underwritten primary registration on behalf of the Company,
and the managing underwriters for a Piggyback Takedown advise the Company in writing that in their reasonable opinion the number of securities requested to be included in such Piggyback Takedown exceeds the number which can be sold in an orderly
manner in such offering within a price range acceptable to the Company, the Company shall include in such Piggyback Takedown the number which can be so sold in the following order of priority: (i) first, the securities the Company proposes to
sell, (ii) second, the securities requested to be included in such Piggyback Takedown pursuant to the Existing Registration Rights Agreement, (iii) third, the Registrable Securities requested to be included in such Piggyback Takedown
pursuant to this Registration Rights Agreement and (iv) other securities requested to be included in such Piggyback Takedown. 

  
 5 

 (c) Priority on Secondary Piggyback Takedowns. If a Piggyback Takedown is an
underwritten secondary registration on behalf of holders of the Company’s securities (“Other Holders”), and the managing underwriters advise the Company in writing that in their opinion the number of securities requested
to be included in such Piggyback Takedown exceeds the number which can be sold in an orderly manner in such offering within a price range acceptable to the Other Holders, the Company shall include in such registration the number which can be so sold
in the following order of priority: (i) first, the securities requested to be included therein by the Other Holders initiating such registration, (ii) second, the securities requested to be included in such Piggyback Takedown pursuant to
the Existing Registration Rights Agreement, (iii) third, the Registrable Securities requested to be included in such Piggyback Takedown pursuant to this Registration Rights Agreement, (iv) fourth, the securities the Company proposes to
sell, and (v) fifth, other securities requested to be included in such registration. 
 (d) Selection of Underwriters. The
Company and/or the Other Holders will have the sole right to select the investment banker(s) and manager(s) for any Piggyback Takedown. 

(e) Confidentiality. Each Holder of Registrable Securities agrees that the fact that a notice pursuant to this
Section 3 has been delivered shall constitute confidential information and such Holder agrees not to disclose that such notice has been delivered. 

4. Holdback Agreements. 

(a) Restrictions on Public Sale by Holder of Registrable Securities. In connection with any underwritten public offering of equity
securities by the Company or any Holder of Registrable Securities effected pursuant to this Registration Rights Agreement, each Holder of Registrable Securities agrees, except with the written consent of the Underwriter managing such offering, not
to effect any public sale or distribution of securities similar to those being registered in such underwritten public offering or of any securities convertible into or exchangeable or exercisable for such securities or hedging transactions relating
to the Registrable Securities, including a sale pursuant to Rule 144 under the Securities Act, during the period beginning five (5) days prior to the expected date of “pricing” of such offering and continuing for a period not to
exceed sixty (60) days from the date of such final prospectus (or prospectus supplement if the offering is made pursuant to a “shelf” registration statement) as shall be reasonably requested by the managing Underwriter(s) except as
part of such registration (the “Lock-Up Period”); provided, however, that only a Holder who sells Registrable Securities in such underwritten public offering shall be
subject to the foregoing restrictions and such restrictions shall only apply to any such Holder to the extent such restrictions apply on the same terms to the Company and to the other holders of the Company’s securities that are participating
in such underwritten public offering. If and to the extent requested by the managing Underwriter(s), each Holder of Registrable Securities subject to the restrictions of this Section 4(a) agrees to execute an agreement to
the foregoing effect with the Underwriters for such offering on such terms as the managing Underwriter(s) shall reasonably request (with such modification as reasonably requested 

  
 6 

 
by such managing Underwriter(s) to take into consideration then existing rules of an applicable securities exchange regarding research analyst publications). Notwithstanding the foregoing, in no
event shall any Holder of Registrable Securities be restricted from effecting any public sale or distribution of securities pursuant to this Section 4(a) for more than 120 days during any twelve (12) month period.
Anything in this Agreement to the contrary notwithstanding, any Holder that is an investment manager or investment advisor of an owner or holder of Registrable Securities (an “IM”) and sells Registrable Securities of such
owner or holder in any underwritten public offering of securities of the Company shall not be subject to the restrictions of this Section 4(a) (and shall not be required to execute an agreement with the Underwriters of such
offering) with respect to any Registrable Securities owned or held by any other owner or holder of Registrable Securities for which such IM serves as investment manager or investment advisor, in each case, that does not sell Registrable Securities
in such underwritten public offering. 
 (b) Restrictions on Public Sale by the Company. In connection with any underwritten public
offering of equity securities by any Holder of Registrable Securities effected pursuant to this Registration Rights Agreement, the Company agrees not to effect any public sale or distribution of any securities similar to those being registered, or
any securities convertible into or exchangeable or exercisable for such securities or hedging transactions relating to such securities, during the Lock-Up Period as shall be reasonably requested by the
managing Underwriter(s) except as part of such registration as permitted hereby. 
 (c) Use, and Suspension of Use, of Shelf Registration
Statement. 
 (i) If the Company has filed a Shelf Registration Statement and has included Registrable Securities
therein, the Company shall be entitled to suspend (but not more than an aggregate of sixty (60) days in any twelve (12) month period), for a reasonable period of time not in excess of twenty (20) days, the offer or sale of Registrable
Securities pursuant to such registration statement by any Holder of Registrable Securities if (x) the Company or any of its subsidiaries are engaged in confidential negotiations or other confidential business activities, disclosure of which
would be required under applicable Law if such registration statement were used (but would not be required if such registration statement were not used) and the Board determines in good faith that such disclosure would be materially detrimental to
the Company or (y) the Company has experienced some other material non-public event or is in possession of material non-public information concerning the Company
and the Board determines in good faith that such disclosure would be materially detrimental to the Company. In order to suspend the use of the registration statement pursuant to this Section 4(c), the Company shall
promptly, upon determining to seek such suspension, deliver to the holders of Registrable Securities included in such registration statement, a certificate signed by the Chief Executive Officer of the Company stating that the Company is suspending
use of such registration statement pursuant to this Section 4(c) (a “Suspension Notice”). Following the conclusion of any circumstance resulting in the suspension of a registration statement
hereunder, the Company shall promptly notify each Holder in writing that it may resume use of the registration statement (an “End of Suspension Notice”). 

  
 7 

 5. Registration Procedures. In connection with its obligations under
Section 2 or Section 3, the Company shall: 
 (a) before filing a registration statement
or prospectus or any amendments or supplements thereto, furnish to all Selling Holders and to one counsel selected by the Selling Holders, copies of all such documents proposed to be filed and a reasonable opportunity to review such documents, which
documents will be subject to the review of such counsel; 
 (b) prepare and file with the SEC such amendments and supplements to such
registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for the period set forth in Section 2(a)(iii) and as may be necessary to
(x) comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement and (y) not contain any untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; 

(c) furnish, at its expense and as promptly as possible, to each such Selling Holder such number of copies of such registration statement, each
amendment and supplement thereto (in each case including all exhibits thereto), the prospectus included in such registration statement (including each preliminary prospectus and each supplement thereto) and such other documents as such Selling
Holder may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Selling Holder; 
 (d)
notify the Selling Holders promptly, and (if requested by any such Person) confirm such notice in writing, (i) when a prospectus or any prospectus supplement or post-effective amendment has been filed, and, with respect to a registration
statement or any post-effective amendment, when the same has become effective under the Securities Act and each applicable state Law, (ii) of the issuance by the SEC or any other governmental authority of any stop order suspending the
effectiveness of a registration statement or the initiation of any proceedings for that purpose, (iii) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any
of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (iv) of the happening of any event which makes any statement made in such registration statement or related
prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires the making of any changes in such registration statement, prospectus or documents so that, in the case of the
registration statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and that in the case of the prospectus,
it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, and
(v) of the Company’s determination that a post-effective amendment to a registration statement would be appropriate; 
 (e) use its
commercially reasonable efforts to comply with all applicable rules and regulations of the SEC, and make available to holders of its securities, as soon as reasonably practicable, an earnings statement covering the period of twelve (12) months,
beginning three months after the effective date of the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act; 

  
 8 

 (f) use commercially reasonable efforts to obtain the withdrawal of any order suspending the
effectiveness of a registration statement, or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, as promptly as practicable; 

(g) if applicable, use commercially reasonable efforts to register or qualify such Registrable Securities as promptly as practicable under such
other securities or blue sky laws of such jurisdictions as any Selling Holder or, in the case of a Piggyback Takedown, managing Underwriter reasonably (in light of the intended plan of distribution) requests and do any and all other acts and things
which may be reasonably necessary or advisable to enable such Selling Holder or managing Underwriter to consummate the disposition in such jurisdictions of the Registrable Securities owned by such Selling Holder; provided that the Company
will not be required to (i) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this paragraph (g), (ii) subject itself to taxation in any such jurisdiction or
(iii) consent to general service of process in any such jurisdiction; 
 (h) use commercially reasonable efforts to cause such
Registrable Securities to be registered with or approved by such other governmental agencies or authorities, if any, as may be required of the Company to enable the Selling Holder or Selling Holders thereof to consummate the disposition of such
Registrable Securities; 
 (i) in the case of a Piggyback Takedown, enter into customary agreements (including an underwriting agreement in
customary form with customary indemnification provisions) and take such other actions as are reasonably required or advisable in order to expedite or facilitate the disposition of Registrable Securities covered by such Piggyback Takedown, including
providing reasonable availability of appropriate members of senior management of the Company to provide customary due diligence assistance in connection with any Piggyback Takedown and to participate in customary “road show” presentations
in connection with any Piggyback Takedowns in substantially the same manner as they would in an underwritten primary registered public offering by the Company of its Common Stock, after taking into account the reasonable business requirements of the
Company in determining the scheduling and duration of any road show; 
 (j) in the case of a Piggyback Takedown, make available for
inspection by any Selling Holder, any Underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other professional retained by any such Selling Holder or Underwriter (collectively, the
“Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”) as shall be reasonably necessary to enable them to exercise
their due diligence responsibility, and cause the Company’s officers, directors and employees to supply all information reasonably requested by any such Inspectors in connection with such registration statement. Each Selling Holder of such
Registrable Securities agrees that information obtained by it as a result of such inspections shall be deemed confidential and shall not be used by it as the basis for any market transactions in the securities of the Company or its Affiliates unless
and until such is made generally available to the public (other than by such Selling Holder). Each Selling Holder of such Registrable Securities further agrees that it will, as soon as practicable upon learning that disclosure of such Records is
sought in a court of competent jurisdiction, give notice to the Company and allow the Company at its expense to undertake appropriate action to prevent disclosure of the Records deemed confidential; 

  
 9 

 (k) in the case of a Piggyback Takedown, use commercially reasonable efforts to obtain a
comfort letter or comfort letters from the Company’s independent public accountants in customary form and covering such matters of the type customarily covered by comfort letters as the managing Underwriter(s) reasonably request(s); 

(l) otherwise use commercially reasonable efforts to comply with all applicable rules and regulations of the SEC; 

(m) use commercially reasonable efforts to cause all Registrable Securities to be listed on each securities exchange on which similar
securities issued by the Company are then listed or quoted on any inter-dealer quotation system on which similar securities issued by the Company are then quoted; 

(n) if any event contemplated by Section 5(d)(iv) hereof shall occur, as promptly as practicable prepare a supplement
or amendment or post-effective amendment to such registration statement or the related prospectus or any document incorporated therein by reference or promptly file any other required document so that, as thereafter delivered to the purchasers of
the Registrable Securities, the prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading; and 
 (o) in the case of an Piggyback Takedown, cooperate and assist in any filing required to be made
with FINRA and in the performance of any due diligence investigation by any underwriter, including any “qualified independent underwriter,” or any Selling Holder. 

Notwithstanding anything contained herein to the contrary, the Company hereby agrees that any registration effected pursuant to this
Registration Rights Agreement that is a “shelf” registration pursuant to Rule 415 under the Securities Act shall contain all language (including on the prospectus cover page, the principal stockholders’ chart and the plan of
distribution) as may be reasonably requested by a holder of Registrable Securities. The Company may require each Selling Holder to promptly furnish in writing to the Company such information regarding the distribution of the Registrable Securities
as it may from time to time reasonably request and such other information as may be legally required in connection with such registration. Notwithstanding anything herein to the contrary, the Company shall have the right to exclude from any offering
the Registrable Securities of any Selling Holder who does not comply with the provisions of the immediately preceding sentence. 
 Each
Selling Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 5(d)(iv) hereof, such Selling Holder will forthwith discontinue disposition of
Registrable Securities pursuant to the registration statement covering such Registrable Securities until such Selling Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by
Section 5(n) hereof, and, if so directed by the Company, such Selling Holder will deliver to the Company all copies, other than permanent file copies, then in such Selling Holder’s possession, of the most recent
prospectus covering such Registrable Securities at the time of receipt of such notice. 

  
 10 

 6. Registration Expenses. The Company shall pay the following fees and
expenses in connection with the Company’s performance of or compliance with its obligations under this Agreement: 
 (a) all
registration and filing fees (including with respect to filings to be made with FINRA); 
 (b) fees and expenses of compliance with
securities or blue sky laws (including reasonable fees and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities); 

(c) printing expenses; 
 (d)
internal expenses (including all salaries and expenses of its officers and employees performing legal or accounting duties); 
 (e) the fees
and expenses incurred in connection with the listing on an exchange of the Registrable Securities if the Company shall choose, or be required pursuant to Section 5(m), to list such Registrable Securities; 

(f) reasonable fees and disbursements of counsel for the Company and customary fees and expenses for independent certified public accountants
retained by the Company (including the expenses of any comfort letters requested pursuant to Section 5(j) hereof); 

(g) the reasonable fees and expenses of any special experts retained by the Company in connection with such registration; and 

(h) fees and expenses of any “qualified independent underwriter” or other independent appraiser participating in any offering
pursuant to Rule 2720 of the FINRA Manual. 
 In addition, the Company shall pay the reasonable fees and expenses of (A) not more than
one counsel for the Holders that are Affiliates of DDJ in connection with one (1) Shelf Registration pursuant to Section 2 that covers Registrable Securities owned or held by such Holders, and (B) not more than
one counsel for the Holders that are Affiliates of MacKay in connection with one (1) Shelf Registration pursuant to Section 2 that covers Registrable Securities owned or held by such Holders (including any amendment
thereto). Except as set forth in the immediately preceding sentence and as set forth in clause (b) or (h) above, the Company shall not have any obligation to pay any underwriting fees, discounts, or commissions attributable to the
sale of Registrable Securities or any out-of-pocket expenses of the Holders (or the agents who manage their accounts) or the fees and disbursements of any Underwriter.

  
 11 

 7. Indemnification; Contribution. 

(a) Indemnification by the Company. The Company agrees to indemnify and hold harmless (x) each Holder and its Affiliates and their
respective officers, directors, agents, partners, members, managers, stockholders and employees, and (y) each Person who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) any Holder or
any such Affiliate, from and against any and all losses, claims, damages, liabilities (joint or several), and expenses (including any legal or other expenses reasonably incurred by it in connection with investigating, defending or settling any such
Loss (as defined below) (or related actions or proceedings, whether commenced or threatened) as such expenses are incurred) (each, a “Loss” and, collectively, “Losses”),
that are imposed on, sustained, incurred or suffered by, or asserted against, any such Person as a result of, arising out of, related to or in connection with, directly or indirectly, (i) any untrue statement or alleged untrue statement of a
material fact contained in any registration statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus, (ii) any omission or alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading, or (iii) any violation by the Company or any of its agents of any rule or regulation promulgated under the Securities Act, the Exchange Act or any state securities laws applicable to
the Company and relating to action or inaction required of the Company in connection with any such registration; except to the extent (and only to the extent) such Losses arise out of, or are based upon and in conformity with, any such untrue
statement or omission based upon information furnished in writing to the Company by such Selling Holder or on such Selling Holder’s behalf expressly for use in any such registration statement, prospectus, amendment or supplement. The Company
also agrees to indemnify any Underwriters of the Registrable Securities, their officers and directors and each Person who controls such Underwriters on substantially the same basis as that of the indemnification of the Selling Holders provided in
this Section 7(a). 
 (b) Indemnification by Holder of Registrable Securities. Each Selling Holder,
severally and not jointly, agrees to indemnify and hold harmless the Company, and each Person, if any, who controls the Company within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act and the
officers, directors, agents and employees of the Company and each such controlling Person, from and against any and all Losses that are imposed on, sustained, incurred or suffered by, or asserted against, any such Person as a result of, arising out
of, related to or in connection with, directly or indirectly, (i) any untrue statement or alleged untrue statement of a material fact contained in any registration statement or prospectus or in any amendment or supplement thereto or in any
preliminary prospectus, or (ii) any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, in each case to the extent (and only to the extent) such
Losses arise out of, or are based upon and in conformity with, any such untrue statement or omission based upon information furnished in writing to the Company by such Selling Holder or on such Selling Holder’s behalf expressly for use in any
such registration statement, prospectus, amendment or supplement. The obligation to indemnify and hold harmless under this Section 7(b) will be individual and several to each Selling Holder and a Selling Holder’s
aggregate liability under this Registration Rights Agreement with respect to Losses shall be limited to an amount equal to the aggregate cash and property received (after deducting the underwriter’s discount and expenses) by such Selling Holder
pursuant to the sale of Registrable Securities covered by such registration statement or prospectus. 

  
 12 

 (c) Conduct of Indemnification Proceedings. If any action or proceeding (including
any governmental investigation) shall be brought or asserted against any Person entitled to indemnification under Section 7(a) or 7(b) above (an “Indemnified Party”) in respect of which
indemnity may be sought from any Person who has agreed to provide such indemnification under Section 7(a) or 7(b) above (an “Indemnifying Party”), the Indemnified Party shall give prompt
written notice to the Indemnifying Party and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable expenses of
such defense. Such Indemnified Party shall have the right to employ separate counsel in any such action or proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified
Party unless (i) the Indemnifying Party has agreed to pay such fees and expenses, (ii) the Indemnifying Party fails promptly to assume the defense of such action or proceeding or fails to employ counsel reasonably satisfactory to such
Indemnified Party or (iii) the named parties to any such action or proceeding (including any impleaded parties) include both such Indemnified Party and Indemnifying Party (or an Affiliate of the Indemnifying Party), and such Indemnified Party
shall have been advised by counsel that there may be one or more legal defenses available to the Indemnified Party that are different from or additional to those available to the Indemnifying Party, or there is a conflict of interest on the part of
counsel employed by the Indemnifying Party to represent such Indemnified Party (in which case, if such Indemnified Party notifies the Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party,
the Indemnifying Party shall not have the right to assume the defense of such action or proceeding on behalf of such Indemnified Party). Notwithstanding the foregoing, the Indemnifying Party shall not, in connection with any such action or
proceeding or separate but substantially similar related actions or proceedings in the same jurisdiction arising out of the same general allegations or circumstances, be liable at any time for the fees and expenses of more than one separate firm of
attorneys (together in each case with appropriate local counsel) for all Indemnified Parties involved in such actions or proceedings. The Indemnifying Party shall not be liable for any settlement of any such action or proceeding effected without its
written consent (which consent will not be unreasonably withheld), but if settled with its written consent, or if there be a final judgment for the plaintiff in any such action or proceeding, the Indemnifying Party shall indemnify and hold harmless
such Indemnified Party from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. The Indemnifying Party shall not consent to entry of any judgment or enter into any settlement, unless (x) such
judgment or settlement includes an unconditional release, in form and substance reasonably satisfactory to the Indemnified Party, from all liability in respect of such action or proceeding, (y) such judgment or settlement provides solely for
the payment of money and does not impose any injunctive or other equitable relief against the Indemnified Party nor require any admission or acknowledgement of liability or fault of the Indemnified Party and (z) the Indemnifying Party agrees in
writing to pay such judgment and settlement in full. 
 (d) Contribution. If the indemnification provided for in this
Section 7 is unavailable to the Indemnified Parties in respect of any Losses referred to herein, then each Indemnifying Party, in lieu of indemnifying such Indemnified Parties, shall contribute to the amount paid or payable
by such Indemnified Parties as a result of such Losses as between the Company on the one hand and each Selling Holder on the other, in such proportion as is appropriate to reflect the relative fault of the Company and of each Selling Holder in
connection with the statements or omissions which resulted in such Losses, as well as any other relevant equitable considerations. The relative fault of the Company on the one hand and of each Selling Holder on the other shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by such Person, and such Persons’ relative intent,
knowledge, access to information and opportunity to correct or prevent such statement or omission. 

  
 13 

 The Company and the Selling Holders agree that it would not be just and equitable if
contribution pursuant to this Section 7(d) were determined by any method of allocation which does not take into account the equitable considerations referred to in the immediately preceding paragraph. The amount paid or
payable by an Indemnified Party as a result of the Losses referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such Indemnified
Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 7(d), no Selling Holder shall be required to contribute any amount in excess of the amount by
which the total price at which the Registrable Securities of such Selling Holder were sold to the public (less any underwriting discounts or commissions) exceeds the amount of any damages which such Selling Holder has otherwise been required to pay
by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person
who was not guilty of such fraudulent misrepresentation. 
 8. Participation in Piggyback Takedown. No Holder may
participate in any Piggyback Takedown hereunder unless such Holder (a) agrees to sell such Holder’s Registrable Securities on the basis provided in any underwriting arrangements approved by the Person entitled hereunder to approve such
arrangements, but subject to the other terms of this Registration Rights Agreement (including Section 4(a)) and (b) completes and executes all questionnaires, powers of attorney, custody agreements, indemnities,
underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements and this Registration Rights Agreement. 

9. Transfers of Registration Rights. The provisions hereof will inure to the benefit of and be binding upon the successors
and assigns of each of the Parties. Any Holder may freely assign its rights hereunder in connection with any sale, transfer, assignment, or other conveyance of Registrable Securities to any transferee, provided that any such transferee shall
not be entitled to rights pursuant to Section 2 or 3 hereof unless such transferee of registration rights hereunder agrees to be bound by the terms and conditions hereof and executes and delivers to the Company an
acknowledgment and agreement to such effect. 
 10. Rule 144 and Rule 144A; Other Exemptions. With a view to making
available to the Holders of Registrable Securities the benefits of Rule 144 and Rule 144A promulgated under the Securities Act and other rules and regulations of the SEC that may at any time permit a Holder of Registrable Securities to sell
securities of the Company to the public without registration, the Company agrees that it will use commercially reasonable efforts to (i) file in a timely manner all reports and other documents required, if any, to be filed by it under the
Securities Act and the Exchange Act and the rules and regulations adopted thereunder and (ii) make available information necessary to comply with Rule 144 and Rule 144A, if available with respect to resales of the Registrable Securities under
the Securities Act, at all times, all to the extent required from time to time to enable such Holder to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by (x) Rule 144
and Rule 144A promulgated under the Securities Act (if available with respect to resales of the Registrable Securities), as such rules may be amended from time to time or (y) any other rules or regulations now existing or hereafter adopted by
the SEC. Upon the reasonable request of any Holder of Registrable Securities, the Company will deliver to such Holder a written statement as to whether it has complied with such information requirements, and, if not, the specific reasons for non-compliance. 

  
 14 

 11. Entire Agreement. The foregoing provisions of this Registration
Rights Agreement contain the entire understanding of the Parties respecting the subject matter hereof and supersede all prior agreements, discussions and understandings with respect thereto. 

12. Miscellaneous. 

(a) Construction. All references in this Registration Rights Agreement to Sections, subsections and other subdivisions refer to the
corresponding Sections, subsections and other subdivisions of or to this Registration Rights Agreement unless expressly provided otherwise. Titles appearing at the beginning of any Sections, subsections or other subdivisions of this Registration
Rights Agreement are for convenience only, do not constitute any part of this Registration Rights Agreement, and shall be disregarded in construing the language hereof. The words “this Registration Rights Agreement,” “herein,”
“hereby,” “hereunder” and “hereof” and words of similar import refer to this Registration Rights Agreement as a whole and not to any particular subdivision unless expressly so limited. The words “this Section”
and “this subsection” and words of similar import refer only to the Section or subsection hereof in which such words occur. The word “or” is not exclusive, and the word “including” (in its various forms) shall be deemed
in each case to be followed by the words “without limitation” (regardless of whether such words or similar words actually appear). Pronouns in masculine, feminine or neuter genders shall be construed to state and include any other gender,
and words, terms and titles (including terms defined herein) in the singular form shall be construed to include the plural and vice versa, unless the context otherwise requires. When calculating the period of time before which, within which or
following which any act is to be done or step taken pursuant to this Agreement, the date that is the reference date in calculating such period shall be excluded. If the last day of such period is not a Business Day, the period in question shall end
on the next succeeding Business Day. 
 (b) Notice. All notices, requests, waivers, claims, demands and other communications hereunder
shall be in writing and shall be deemed to have been duly given, sent, provided, delivered, received or made (i) when delivered if delivered in person or sent by nationally recognized overnight or second day courier service, (ii) when sent
by electronic mail (“e-mail”) to the party to be notified, (iii) three (3) Business Days after deposit with a United States post office if delivered by registered or certified mail
(postage prepaid, return receipt requested), addressed to the party to be notified or (iv) one (1) Business Day after deposit with a national overnight delivery service, postage prepaid, addressed to the party to be notified with next-Business
Day delivery guaranteed, in each case to the respective parties as follows: 
 if to the Company, addressed to: 

Forum Energy Technologies, Inc. 

10344 Sam Houston Park Drive, Suite 300 

Houston, Texas 77064 
 Attention:
John Ivascu 
 E-mail:
john.ivascu@f-e-t.com 

  
 15 

 with a copy to: 

Kirkland & Ellis LLP 609 Main Street 

Houston, Texas 77002 
 Attention:
Julian Seiguer; Bryan Flannery 
 E-mail: julian.seiguer@kirkland.com 

bryan.flannery@kirkland.com 
 if
to any Holder, addressed to: 
 the address or e-mail address set forth for such Holder at the
address or e-mail address shown for it beside its signature (or, in the case of any Holder that becomes a party hereto after the date hereof, the address or e-mail
address set forth in the acknowledgement and agreement executed and delivered by such Holder pursuant to Section 9), 

or to such other place and with such other copies as any party hereto may designate as to itself by written notice to the others in accordance
with this Section 12(b). 
 (c) No Lock-Up. For the avoidance of
doubt and notwithstanding anything contained in this Registration Rights Agreement, in no event will any officer or director of the Company be obligated to enter into any lock-up or similar agreement in
connection with any offer or sale effected pursuant to this Registration Rights Agreement unless (i) such individual owns securities that are included in such offer and sale or (ii) the managing underwriters advise the Company that, in
their opinion, the failure to do so would preclude the Holders from effecting a Piggyback Takedown, in which case the Company shall use commercially reasonable efforts to cause each of its officers and directors as may be reasonably requested by the
managing underwriters to enter into a lock-up or similar agreement in a form consistent with that used in connection with prior offerings by the Company (including with respect to permitted exceptions as to
stock options and 10b5-1 trading plans). 
 (d) Binding Effect. This Registration Rights
Agreement is binding on and inures to the benefit of the Parties and their respective heirs, legal representatives, successors, and assigns. 

(e) Governing Law; Submission to Jurisdiction; Waiver of Jury Trial. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO ITS CONFLICTS OF LAW DOCTRINE. THE COMPANY AND EACH HOLDER HEREBY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE DELAWARE COURT OF CHANCERY AND ANY STATE APPELLATE COURT THEREFROM WITHIN THE
STATE OF DELAWARE (UNLESS THE DELAWARE COURT OF CHANCERY SHALL DECLINE TO ACCEPT JURISDICTION OVER A PARTICULAR MATTER, IN WHICH CASE, OF ANY DELAWARE STATE OR FEDERAL COURT WITHIN THE STATE OF DELAWARE), AND ANY JUDICIAL PROCEEDING BROUGHT AGAINST
THE COMPANY OR ANY HOLDER WITH RESPECT TO ANY DISPUTE ARISING OUT OF THIS AGREEMENT OR ANY 

  
 16 

 
MATTER RELATED HERETO SHALL BE BROUGHT ONLY IN SUCH COURTS. THE COMPANY AND EACH HOLDER HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION IT MAY HAVE OR HEREAFTER
HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. THE COMPANY AND EACH HOLDER HEREBY CONSENT TO PROCESS BEING
SERVED IN ANY SUCH PROCEEDING BY THE MAILING OF A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE ADDRESS SPECIFIED IN SECTION 12(b), OR IN ANY OTHER MANNER PERMITTED BY LAW. THE COMPANY AND EACH HOLDER HEREBY KNOWINGLY,
VOLUNTARILY, AND INTENTIONALLY WAIVE ANY RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUCH ACTION OR PROCEEDING. 
 (f)
Severability. If any provision of this Registration Rights Agreement or the application thereof to any Person or circumstance is held invalid or unenforceable to any extent, the remainder of this Registration Rights Agreement and the
application of that provision to other Persons or circumstances shall not be affected thereby and that provision shall be enforced to the greatest extent permitted by Law. Furthermore, in lieu of each such invalid or unenforceable provision, there
shall be added automatically as a part of this Registration Rights Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be legal, valid and enforceable. 

(g) Counterparts. This Registration Rights Agreement may be executed in any number of counterparts, including facsimile or PDF
signature, with the same effect as if all signing parties had signed the same document. All counterparts shall be construed together and constitute the same instrument. 

(h) Section Headings. Headings contained in this Registration Rights Agreement are inserted only as a matter of convenience and in no
way define, limit, or extend the scope or intent of this Registration Rights Agreement or any provisions hereof. 
 (i) Cumulative
Rights. The rights of the Parties under this Registration Rights Agreement are cumulative and in addition to all similar and other rights of such parties under other agreements. 

(j) Further Assurances. In connection with this Registration Rights Agreement and the transactions contemplated hereby, each Party shall
execute and deliver any additional documents and instruments and perform any additional acts that may be necessary or appropriate to effectuate and perform the provisions of this Registration Rights Agreement and those transactions. 

(k) Amendments and Waivers. The provisions of this Registration Rights Agreement may only be amended by the written consent of
(i) the Company, (ii) the Holders that hold at least 50% of the Registrable Securities then held by all Holders, and (iii) the Holders that are, or are Affiliates of, DDJ or MacKay and that hold more than 66.67% of the Registrable
Securities then held by all of such Holders; provided, however, that any party may give a waiver 

  
 17 

 
as to itself. No waiver of any terms or conditions of this Agreement shall operate as a waiver of any other term or condition, nor shall any failure to enforce any provision hereof operate as a
waiver of such provision or of any other provision hereof. The failure of any party to enforce any provision of this Agreement shall not be construed as a waiver of such provision and shall not affect the right of such party thereafter to enforce
each provision of this Agreement in accordance with its terms. The Holders acknowledge and agree that any Person that becomes a Holder shall have the rights and obligations set forth in this Registration Rights Agreement and that such Person
becoming a Holder shall be deemed not to be an amendment to this Registration Rights Agreement. 
 (l) Termination. The provisions of
this Registration Rights Agreement, and the obligations contained herein, shall terminate with respect to any Holder and be of no further force or effect when all Registrable Securities held by such Holder no longer constitute Registrable Securities
or such Holder ceases to be a “Holder” as defined herein; provided that the provisions of Section 7 and this Section 12 of this Registration Rights Agreement shall survive any such
termination. 
 (m) Removal of Legend. The Company, at its sole cost, shall remove any legend ordinarily included on restricted
securities of the Company (or instruct its transfer agent to so remove such legend) from the certificates or book-entries evidencing Registrable Securities if such Common Stock (i) is sold pursuant to an effective registration statement under
the Securities Act, (ii) is sold or transferred pursuant to Rule 144 (if the transferor is not an Affiliate of the Company) or (iii) is eligible for sale under Rule 144. Each Holder agrees to provide the Company, its counsel and/or the
transfer agent with evidence reasonably requested by it in order to cause the removal of such legend, including, as may be appropriate, any information the Company deems necessary to determine that the legend is no longer required under the
Securities Act or applicable state laws, including a certification that the holder is not an Affiliate of the Company and regarding the length of time the Common Stock has been held. Any fees (with respect to the transfer agent, Company counsel or
otherwise) associated with the issuance of any legal opinion required by the Company’s transfer agent or the removal of such legend shall be borne by the Company. If a legend is no longer required pursuant to the foregoing, the Company will use
commercially reasonable efforts to, no later than three (3) Business Days following the delivery by a Holder to the Company or the transfer agent (with notice to the Company) of a legended certificate or instrument representing the Common Stock
(endorsed or with stock powers attached, signatures guaranteed, and otherwise in form necessary to affect the reissuance and/or transfer) and any representation letter or certification as may be requested by the Company, deliver or cause to be
delivered to such Holder a certificate or instrument (as the case may be) representing such Common Stock that is free from all restrictive legends. 

(n) Remedies; Specific Performance. Any Person having rights under any provision of this Registration Rights Agreement shall be entitled
to enforce such rights specifically, to recover damages caused by reason of any breach of any provision of this Registration Rights Agreement and to exercise all other rights existing in their favor. The Parties agree and acknowledge that money
damages would not be an adequate remedy for any breach of the provisions of this Registration Rights Agreement and that any party may in its sole discretion apply to any court of law or equity of competent jurisdiction for specific performance,
injunctive relief and/or other equitable remedies (without posting any bond or other security) in order to enforce or prevent violation of the provisions of this Registration Rights Agreement and shall not

  
 18 

 
be required to prove irreparable injury to such party or that such party does not have an adequate remedy at law with respect to any breach of this Registration Rights Agreement (each of which
elements the Parties admit). The Parties further agree and acknowledge that each and every obligation applicable to it contained in this Registration Rights Agreement shall be specifically enforceable against it and hereby waives and agrees not to
assert any defenses against an action for specific performance of their respective obligations hereunder. The right of specific performance, injunctive relief and other equitable remedies is an integral part of the transactions contemplated by this
Agreement. All rights and remedies existing under this Registration Rights Agreement are cumulative to, and not exclusive of, any rights or remedies available under this Registration Rights Agreement or otherwise. 

(Signature Page Follows) 

  
 19 

 IN WITNESS WHEREOF, the Parties have executed this Registration Rights Agreement as of the
date first written above. 
  

			
	FORUM ENERGY TECHNOLOGIES, INC.
		
	By:	 	 /s/ D. Lyle Williams

	Name: D. Lyle Williams
	Title:	 	Executive Vice President and Chief
		 	Financial Officer

 Signature Page to Registration Rights Agreement 

 
			
	INITIAL HOLDER:

 Additional signature pages on file with the Company. 

  
 Signature Page to
Registration Rights Agreement

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