Document:

Form of Indenture

 Exhibit 4.3 

 
  

 
 McKESSON CORPORATION 

and 
 WELLS FARGO
BANK, NATIONAL ASSOCIATION, as Trustee 
 Indenture 
 Dated as of [            ] 
 Debt Securities 
  
  

 

 CROSS REFERENCE SHEET* 

Between 

Provisions of Trust Indenture Act (as defined herein) and Indenture, dated as of
[            ], between MCKESSON CORPORATION and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee: 
  

			
	SECTION OF THE ACT	 	SECTION OF INDENTURE
	 310(a)(1) and (2)
	 	6.9
	 310(a)(3) and (4)
	 	Inapplicable
	 310(b)
	 	6.8 and 6.10(a), (b) and (d)
	 310(c)
	 	Inapplicable
	 311(a)
	 	6.14
	 311(b)
	 	6.14
	 311(c)
	 	Inapplicable
	 312(a)
	 	4.1 and 4.2
	 312(b)
	 	4.2
	 312(c)
	 	4.2
	 313(a)
	 	4.3
	 313(b)(1)
	 	Inapplicable
	 313(b)(2)
	 	4.3
	 313(c)
	 	4.3, 5.11, 6.10, 6.11, 8.2
		 	and 12.2
	 313(d)
	 	4.3
	 314(a)
	 	3.5 and 4.2
	 314(b)
	 	Inapplicable
	 314(c)(1) and (2)
	 	11.5
	 314(c)(3)
	 	Inapplicable
	 314(d)
	 	Inapplicable
	 314(e)
	 	11.5
	 314(f)
	 	Inapplicable
	 315(a), (c) and (d)
	 	6.1
	 315(b)
	 	5.11
	 315(e)
	 	5.12
	 316(a)(1)
	 	5.9 and 5.10
	 316(a)(2)
	 	Not required
	 316(a) (last sentence)
	 	7.4
	 316(b)
	 	5.7
	 317(a)
	 	5.2
	 317(b)
	 	3.4(a) and (b)
	 318(a)
	 	11.7

  

	*	This Cross Reference Sheet is not part of the Indenture. 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	PAGE	 
		
	 ARTICLE I DEFINITIONS
	  			
	 SECTION 1.1 CERTAIN TERMS DEFINED
	  	 	5	  
		
	 ARTICLE II SECURITIES
	  			
	 SECTION 2.1 FORMS GENERALLY
	  	 	11	  
	 SECTION 2.2 FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	  	 	11	  
	 SECTION 2.3 AMOUNT UNLIMITED; ISSUABLE IN SERIES
	  	 	12	  
	 SECTION 2.4 AUTHENTICATION AND DELIVERY OF SECURITIES
	  	 	14	  
	 SECTION 2.5 EXECUTION OF SECURITIES
	  	 	17	  
	 SECTION 2.6 CERTIFICATE OF AUTHENTICATION
	  	 	17	  
	 SECTION 2.7 DENOMINATION AND DATE OF SECURITIES; PAYMENT OF INTEREST
	  	 	18	  
	 SECTION 2.8 REGISTRATION, TRANSFER AND EXCHANGE
	  	 	18	  
	 SECTION 2.9 MUTILATED, DEFACED, DESTROYED, LOST AND STOLEN SECURITIES
	  	 	22	  
	 SECTION 2.10 CANCELLATION OF SECURITIES; DISPOSAL THEREOF
	  	 	23	  
	 SECTION 2.11 TEMPORARY SECURITIES
	  	 	23	  
	 SECTION 2.12 CUSIP NUMBERS
	  	 	24	  
		
	 ARTICLE III COVENANTS OF THE ISSUER
	  			
	 SECTION 3.1 PAYMENT OF PRINCIPAL AND INTEREST
	  	 	24	  
	 SECTION 3.2 OFFICES FOR PAYMENTS, ETC.
	  	 	24	  
	 SECTION 3.3 APPOINTMENT TO FILL A VACANCY IN OFFICE OF TRUSTEE
	  	 	25	  
	 SECTION 3.4 PAYING AGENTS
	  	 	25	  
	 SECTION 3.5 COMPLIANCE CERTIFICATES
	  	 	26	  
	 SECTION 3.6 CORPORATE EXISTENCE
	  	 	27	  
	 SECTION 3.7 LUXEMBOURG PUBLICATIONS
	  	 	27	  
	 SECTION 3.8 CALCULATION OF ORIGINAL ISSUE DISCOUNT
	  	 	27	  
		
	 ARTICLE IV SECURITYHOLDER LISTS AND REPORTS BY THE ISSUER AND THE TRUSTEE
	  			
	 SECTION 4.1 ISSUER TO FURNISH TRUSTEE INFORMATION AS TO NAMES AND ADDRESSES OF SECURITYHOLDERS
	  	 	27	  
	 SECTION 4.2 REPORTS BY THE ISSUER
	  	 	27	  
	 SECTION 4.3 REPORTS BY THE TRUSTEE
	  	 	28	  

  
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	 ARTICLE V REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT
	  			
	 SECTION 5.1 EVENT OF DEFAULT DEFINED, ACCELERATION OF MATURITY; WAIVER OF DEFAULT
	  	 	28	  
	 SECTION 5.2 COLLECTION OF INDEBTEDNESS BY TRUSTEE; TRUSTEE MAY PROVE DEBT
	  	 	32	  
	 SECTION 5.3 APPLICATION OF PROCEEDS
	  	 	33	  
	 SECTION 5.4 SUITS FOR ENFORCEMENT
	  	 	35	  
	 SECTION 5.5 RESTORATION OF RIGHTS ON ABANDONMENT OF PROCEEDINGS
	  	 	35	  
	 SECTION 5.6 LIMITATIONS ON SUITS BY SECURITY HOLDERS
	  	 	35	  
	 SECTION 5.7 UNCONDITIONAL RIGHT OF SECURITYHOLDERS TO INSTITUTE CERTAIN SUITS
	  	 	35	  
	 SECTION 5.8 POWERS AND REMEDIES CUMULATIVE; DELAY OR OMISSION NOT WAIVER OF DEFAULT
	  	 	36	  
	 SECTION 5.9 CONTROL BY HOLDERS OF SECURITIES
	  	 	36	  
	 SECTION 5.10 WAIVER OF PAST DEFAULTS
	  	 	36	  
	 SECTION 5.11 TRUSTEE TO GIVE NOTICE OF DEFAULT, BUT MAY WITHHOLD IN CERTAIN CIRCUMSTANCES
	  	 	37	  
	 SECTION 5.12 RIGHT OF COURT TO REQUIRE FILING OF UNDERTAKING TO PAY COSTS
	  	 	38	  
		
	 ARTICLE VI CONCERNING THE TRUSTEE
	  			
	 SECTION 6.1 DUTIES AND RESPONSIBILITIES OF THE TRUSTEE; DURING DEFAULT; PRIOR TO DEFAULT
	  	 	38	  
	 SECTION 6.2 CERTAIN RIGHTS OF THE TRUSTEE
	  	 	39	  
	 SECTION 6.3 TRUSTEE NOT RESPONSIBLE FOR RECITALS, DISPOSITION OF SECURITIES OR APPLICATION OF PROCEEDS
THEREOF
	  	 	41	  
	 SECTION 6.4 TRUSTEE AND AGENTS MAY HOLD SECURITIES OR COUPONS; COLLECTIONS, ETC.
	  	 	41	  
	 SECTION 6.5 MONEYS HELD BY TRUSTEE
	  	 	41	  
	 SECTION 6.6 COMPENSATION AND INDEMNIFICATION OF TRUSTEE AND ITS PRIOR CLAIM
	  	 	41	  
	 SECTION 6.7 RIGHT OF TRUSTEE TO RELY ON OFFICER’S CERTIFICATE, ETC.
	  	 	42	  
	 SECTION 6.8 INDENTURES NOT CREATING POTENTIAL CONFLICTING INTERESTS FOR THE TRUSTEE
	  	 	42	  
	 SECTION 6.9 QUALIFICATION OF TRUSTEE: CONFLICTING INTERESTS
	  	 	42	  
	 SECTION 6.10 PERSONS ELIGIBLE FOR APPOINTMENT AS TRUSTEE
	  	 	42	  
	 SECTION 6.11 RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR TRUSTEE
	  	 	43	  
	 SECTION 6.12 ACCEPTANCE OF APPOINTMENT BY SUCCESSOR TRUSTEE
	  	 	44	  
	 SECTION 6.13 MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS OF TRUSTEE
	  	 	45	  
	 SECTION 6.14 PREFERENTIAL COLLECTION OF CLAIMS AGAINST THE ISSUER
	  	 	46	  
	 SECTION 6.15 APPOINTMENT OF AUTHENTICATING AGENT
	  	 	46	  

  
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	 ARTICLE VII CONCERNING THE SECURITYHOLDERS
	   

	 SECTION 7.1 EVIDENCE OF ACTION TAKEN BY SECURITYHOLDERS
	  	 	47	  
	 SECTION 7.2 PROOF OF EXECUTION OF INSTRUMENTS AND OF HOLDING OF SECURITIES
	  	 	47	  
	 SECTION 7.3 HOLDERS TO BE TREATED AS OWNERS
	  	 	47	  
	 SECTION 7.4 SECURITIES OWNED BY ISSUER DEEMED NOT OUTSTANDING
	  	 	48	  
	 SECTION 7.5 RIGHT OF REVOCATION OF ACTION TAKEN
	  	 	48	  
		
	 ARTICLE VIII SUPPLEMENTAL INDENTURES
	  			
	 SECTION 8.1 SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF SECURITYHOLDERS
	  	 	49	  
	 SECTION 8.2 SUPPLEMENTAL INDENTURES WITH CONSENT OF SECURITYHOLDERS
	  	 	50	  
	 SECTION 8.3 EFFECT OF SUPPLEMENTAL INDENTURE
	  	 	52	  
	 SECTION 8.4 DOCUMENTS TO BE GIVEN TO TRUSTEE
	  	 	52	  
	 SECTION 8.5 NOTATION ON SECURITIES IN RESPECT OF SUPPLEMENTAL INDENTURES
	  	 	52	  
		
	 ARTICLE IX CONSOLIDATION, MERGER, SALE OR CONVEYANCE
	  			
	 SECTION 9.1 ISSUER MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS
	  	 	53	  
	 SECTION 9.2 SUCCESSOR CORPORATION SUBSTITUTED
	  	 	53	  
	 SECTION 9.3 OPINION OF COUNSEL TO BE GIVEN TO TRUSTEE
	  	 	53	  
		
	 ARTICLE X SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS
	  			
	 SECTION 10.1 SATISFACTION AND DISCHARGE OF INDENTURE
	  	 	53	  
	 SECTION 10.2 APPLICATION BY TRUSTEE OF FUNDS DEPOSITED FOR PAYMENT OF SECURITIES
	  	 	57	  
	 SECTION 10.3 REPAYMENT OF MONEYS HELD BY PAYING AGENT
	  	 	57	  
	 SECTION 10.4 RETURN OF MONEYS HELD BY TRUSTEE AND PAYING AGENT UNCLAIMED FOR TWO YEARS
	  	 	57	  
	 SECTION 10.5 INDEMNITY FOR U.S. GOVERNMENT OF OBLIGATIONS
	  	 	58	  
	 SECTION 10.6 EFFECT ON SUBORDINATION PROVISIONS
	  	 	58	  
		
	 ARTICLE XI MISCELLANEOUS PROVISIONS
	  			
	 SECTION 11.1 INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS OF ISSUER EXEMPT FROM INDIVIDUAL
LIABILITY
	  	 	58	  
	 SECTION 11.2 PROVISIONS OF INDENTURE FOR THE SOLE BENEFIT OF PARTIES AND HOLDERS OF SECURITIES AND
COUPONS
	  	 	59	  
	 SECTION 11.3 SUCCESSORS AND ASSIGNS OF ISSUER BOUND BY INDENTURE
	  	 	59	  
	 SECTION 11.4 NOTICES AND DEMANDS ON ISSUER, TRUSTEE AND HOLDERS OF SECURITIES AND COUPONS
	  	 	59	  
	 SECTION 11.5 OFFICER’S CERTIFICATES AND OPINIONS OF COUNSEL; STATEMENTS TO BE CONTAINED THEREIN
	  	 	61	  

  
 3 

							
	 SECTION 11.6 PAYMENTS DUE ON SATURDAYS, SUNDAYS AND HOLIDAYS
	  	 	62	  
	 SECTION 11.7 CONFLICT OF ANY PROVISION OF INDENTURE WITH TRUST INDENTURE ACT
	  	 	62	  
	 SECTION 11.8 NEW YORK LAW TO GOVERN; WAIVER OF JURY TRIAL
	  	 	62	  
	 SECTION 11.9 COUNTERPARTS
	  	 	62	  
	 SECTION 11.10 EFFECT OF HEADINGS
	  	 	62	  
	 SECTION 11.11 SECURITIES IN A FOREIGN CURRENCY
	  	 	63	  
	 SECTION 11.12 JUDGMENT CURRENCY
	  	 	63	  
	 SECTION 11.13 AGREEMENT TO SUBORDINATE
	  	 	64	  
	 SECTION 11.14 FORCE MAJEURE
	  	 	64	  
	 SECTION 11.15 U.S.A. PATRIOT ACT
	  	 	64	  
		
	 ARTICLE XII REDEMPTION OF SECURITIES AND SINKING FUNDS
	  			
	 SECTION 12.1 APPLICABILITY OF ARTICLE
	  	 	64	  
	 SECTION 12.2 NOTICE OF REDEMPTION; PARTIAL REDEMPTIONS
	  	 	64	  
	 SECTION 12.3 PAYMENT OF SECURITIES CALLED FOR REDEMPTION
	  	 	66	  
	 SECTION 12.4 EXCLUSION OF CERTAIN SECURITIES FROM ELIGIBILITY FOR SELECTION FOR REDEMPTION
	  	 	67	  
	 SECTION 12.5 MANDATORY AND OPTIONAL SINKING FUNDS
	  	 	67	  

  
 4 

 THIS INDENTURE, dated as of
[            ], by and between MCKESSON CORPORATION, a Delaware corporation (the “Issuer”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as trustee
(the “Trustee”). 
 W I T N E S S E T H: 
 WHEREAS, the Issuer has duly authorized the issue from time to time of its unsecured debentures, notes or other evidences of indebtedness to be issued in one or more series (the “Securities”) up
to such principal amount or amounts as may from time to time be authorized in accordance with the terms of this Indenture; 

WHEREAS, the Issuer has duly authorized the execution and delivery of this Indenture to provide, among other things, for the
authentication, delivery and administration of the Securities; and 
 WHEREAS, all things necessary to make this Indenture a
valid and legally binding indenture and agreement according to its terms have been done; 
 NOW, THEREFORE: 

In consideration of the premises and the purchases of the Securities by the holders thereof, the Issuer and the Trustee mutually covenant
and agree for the equal and proportionate benefit of the respective holders from time to time of the Securities and of the coupons, if any, appertaining thereto as follows: 
 ARTICLE I 
 DEFINITIONS 

SECTION 1.1 CERTAIN TERMS DEFINED. The following terms (except as otherwise expressly provided or unless the context otherwise
clearly requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section. All other terms used in this Indenture that are defined in the Trust Indenture Act of 1939,
as amended (the “Trust Indenture Act”), or the definitions of which in the Securities Act of 1933, as amended (the “Securities Act”), are referred to in the Trust Indenture Act, including terms defined therein by reference to the
Securities Act (except as herein otherwise expressly provided or unless the context otherwise requires), shall have the meaning assigned to such terms in the Trust Indenture Act and in the Securities Act as in effect from time to time. All
accounting terms used herein and not expressly defined shall have the meanings assigned to such terms in accordance with generally accepted accounting principles, and the term “generally accepted accounting principles” means such
accounting principles as are generally accepted at the time of any computation unless a different time shall be specified with respect to such series of Securities as provided for in Section 2.3. The words “herein,” “hereof”
and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. The terms defined in this Article have the meanings assigned to them in this Article and
include the plural as well as the singular. 

  
 5 

 “Affiliate” has the same meaning as given to that term in Rule 405 of the
Securities Act or any successor provision. 
 “Authenticating Agent” shall have the meaning set forth in
Section 6.15. 
 “Authorized Newspaper” means a newspaper (which, in the case of The City of New York, will, if
practicable, be The Wall Street Journal (Eastern Edition), in the case of the United Kingdom of Great Britain and Northern Ireland (the “United Kingdom”), will, if practicable, be The Financial Times (London Edition) and, in
the case of the Grand Duchy of Luxembourg (“Luxembourg”), will, if practicable, be the Luxemburger Wort) published in an official or common language of the country of publication customarily published at least once a day for at
least five days in each calendar week and of general circulation in The City of New York, the United Kingdom or Luxembourg, as applicable. If it shall be impractical in the opinion of the Trustee to make any publication of any notice required hereby
in an Authorized Newspaper, any publication or other notice in lieu thereof which is made or given with the approval of the Trustee shall constitute a sufficient publication of such notice. 

“Board of Directors” means either the Board of Directors of the Issuer or any committee of such Board duly authorized to act on
its behalf. 
 “Board Resolution” means a copy of one or more resolutions, certified by the secretary or an assistant
secretary of the Issuer to have been duly adopted or consented to by the Board of Directors and to be in full force and effect, and delivered to the Trustee. 
 “Business Day” means, with respect to any Security, a day that is not a day on which banking institutions in the city (or in any of the cities, if more than one) in which amounts are payable, as
specified in the form of such Security, are authorized or required by any applicable law or regulation to be closed. 

“Capital Stock” means, with respect to any corporation, any and all shares, interests, rights to purchase (other than
convertible or exchangeable indebtedness that is not itself otherwise capital stock), warrants, options, participations or other equivalents of or interests (however designated) in stock issued by that corporation. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act, or
if at any time after the execution and delivery of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties on such date. 

“Corporate Trust Office” means the office of the Trustee at which the corporate trust business of the
Trustee shall, at any particular time, be principally administered, which office is, as of the date of this Indenture, located at 707 Wilshire Boulevard, 17th Floor, Los Angeles, CA 90017, Attention: Corporate Trust Department. 

“Coupon” means any interest coupon appertaining to an Unregistered Security. 

“Covenant Defeasance” shall have the meaning set forth in Section 10.1(C). 

  
 6 

 “Depositary” means, with respect to the Securities of any series issuable or
issued in the form of one or more Registered Global Securities, the Person designated as Depositary by the Issuer pursuant to Section 2.3 until a successor Depositary shall have become such pursuant to the applicable provisions of this
Indenture, and thereafter “Depositary” shall mean or include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Securities of any such
series shall mean the Depositary with respect to the Registered Global Securities of that series. 
 “Dollar” or
“$” means the coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts. 
 “Equity Interests” means Capital Stock or partnership, participation or membership interests and all warrants, options or other rights to acquire Capital Stock or partnership, participation or
membership interests (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock or partnership, participation or membership interests). 
 “Event of Default” means any event or condition specified as such in Section 5.1. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Fair Value” when used with respect to any Voting Equity Interests of the Issuer means the fair value as determined in good
faith by the Board of Directors of the Issuer. 
 “Foreign Currency” means any coin, currency, currency unit or
composite currency, including, without limitation, the euro, issued by the government of one or more countries, other than the United States of America or by any internationally recognized union, confederation or association of such governments.

 “Holder,” “Holder of Securities,” “Securityholder” or any other similar terms mean (a) in
the case of any Registered Security, the person in whose name such Security is registered in the security register kept by the Issuer for that purpose in accordance with the terms hereof, and (b) in the case of any Unregistered Security, the
bearer of such Security, or any Coupon appertaining thereto, as the case may be. 
 “Indenture” means this instrument
as originally executed and delivered or, if amended or supplemented as herein provided, as so amended or supplemented or both, and shall include the forms and terms of particular series of Securities established as contemplated hereunder,
provided, that, if at any time more than one Person is acting as Trustee under this instrument, “Indenture” shall mean, with respect to one or more series of Securities for which such person is trustee, this instrument as originally
executed and delivered or, if amended or supplemented as herein provided, as so amended or supplemented or both, and shall include the forms and terms of those particular series of Securities for which such Person is Trustee established as
contemplated hereunder, exclusive, however, of any provisions or terms which relate solely to other series of Securities for which such person is not Trustee, regardless of when such terms or provisions were adopted. 

  
 7 

 “IRS” means the Internal Revenue Service of the United States Department of the
Treasury, or any successor entity. 
 “Issuer” means (except as otherwise provided in Article IX) McKesson
Corporation, a Delaware corporation, and, subject to Article IX, its successors and assigns. 
 “Issuer Order” means a
written statement, request or order of the Issuer signed in its name by the chairman of the Board of Directors, the president, any vice president or the treasurer of the Issuer. 

“Judgment Currency” has the meaning set forth in Section 11.12. 

“Non-U.S. Person” means any person that is not a “U.S. person” as such term is defined in Rule 902 of the Securities
Act. 
 “Officer’s Certificate” means a certificate signed by the chairman of the Board of Directors, the
president or any vice president or the treasurer of the Issuer and delivered to the Trustee. Each such certificate shall comply with Section 314 of the Trust Indenture Act and include the statements provided for in Section 11.5.

 “Opinion of Counsel” means an opinion in writing signed by legal counsel who is reasonably acceptable to the
Trustee and who may be an employee of the Issuer. Each such opinion shall comply with Section 314 of the Trust Indenture Act and include the statements provided for in Section 11.5. 

“Original Issue Date” of any Security (or portion thereof) means the earlier of (a) the date of such Security or
(b) the date of any Security (or portion thereof) for which such Security was issued (directly or indirectly) on registration of transfer, exchange or substitution. 
 “Original Issue Discount Security” means any Security that provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the maturity
thereof pursuant to Section 5.1. 
 “Outstanding” (except as otherwise provided in Section 7.4), when used
with reference to Securities, means, subject to the provisions of Section 7.4, as of any particular time, all Securities authenticated and delivered by the Trustee under this Indenture, except: 

(a) Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 

(b) Securities, or portions thereof, for the payment or redemption of which moneys or U.S. Government Obligations (as
provided for in Section 10.1) in the necessary amount shall have been deposited in trust with the Trustee or with any paying agent (other than the Issuer) or shall have been set aside, segregated and held in trust by the Issuer for the Holders
of such Securities (if the Issuer shall act as its own paying agent), provided, that if such Securities, or portions thereof, are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as herein provided, or
provisions satisfactory to the Trustee shall have been made for giving such notice; and 

  
 8 

 (c) Securities which shall have been paid or in substitution for which other
Securities shall have been authenticated and delivered pursuant to the terms of Section 2.9 (except with respect to any such Security as to which proof satisfactory to the Trustee is presented that such Security is held by a person in whose
hands such Security is a legal, valid and binding obligation of the Issuer). 
 In determining whether the Holders of the
requisite principal amount of Outstanding Securities of any or all series have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of an Original Issue Discount Security that shall be deemed
to be Outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the maturity thereof pursuant to Section 5.1. 

“Periodic Offering” means an offering of Securities of a series from time to time, the specific terms of which Securities,
including, without limitation, the rate or rates of interest, if any, thereon, the stated maturity or maturities thereof and the redemption provisions, if any, with respect thereto, are to be determined by the Issuer or its agents upon the issuance
of such Securities. 
 “Person” means any individual, corporation, business trust, partnership, limited liability
company, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “principal” whenever used with reference to the Securities or any Security or any portion thereof, shall be deemed to include “and premium, if any,” provided, however, that such
inclusion of premium, if any, shall under no circumstances result in the double counting of such premium for the purpose of any calculation required hereunder. 
 “record date” shall have the meaning set forth in Section 2.7. 

“Registered Global Security” means a Security evidencing all or a part of a series of Registered Securities, issued to the
Depositary for such series in accordance with Section 2.4, and bearing the legend prescribed in Section 2.4 and any other legend required by the Depositary for such series. 

“Registered Security” means any Security registered on the books of the Registrar. 

“Registrar” means the Person designated by the Issuer as “Registrar” for the purpose of registering Securities and
transfers of Securities as herein provided, who shall initially be the Trustee. “Registrar” shall also mean or include each Person who is then a registrar hereunder, and, if at any time there is more than one such Person,
“Registrar” as used with respect to the Securities of any series shall mean the registrar with respect to the Securities of such series. 
 “Required Currency” shall have the meaning set forth in Section 11.12. 
 “Responsible Officer” when used with respect to the Trustee means any vice president (whether or not designated by numbers or words added before or after the title “Vice

  
 9 

 
President”), any assistant trust officer, any assistant vice president, any assistant treasurer, or any other officer or assistant officer of the Trustee customarily performing functions
similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with the particular subject and who shall have
direct responsibility for the administration of this Indenture. 
 “Security” or “Securities” (except as
otherwise provided in Section 7.4) has the meaning stated in the first recital of this Indenture, or, as the case may be, Securities that have been authenticated and delivered under this Indenture. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Senior Indebtedness”, when used with respect to the Subordinated Securities of any series, shall have the meaning established
pursuant to Subsection 2.3(9) with respect to the Subordinated Securities of such series. 
 “Senior Securities” means
Securities other than Subordinated Securities. 
 “Subordinated Securities” means Securities that by the terms
established pursuant to Subsection 2.3(9) are subordinated in right of payment to Senior Indebtedness of the Issuer. 

“Subordination Provisions”, when used with respect to the Subordinated Securities of any series, shall have the meaning
established pursuant to Subsection 2.3(9) with respect to the Subordinated Securities of such series. 
 “Subsidiary,”
with respect to any Person, means (i) a corporation a majority of whose Voting Equity Interests is at the time, directly or indirectly, owned by such Person, by such Person and one or more Subsidiaries of such Person or by one or more
Subsidiaries of such Person, (ii) any other Person (other than a corporation) in which such Person, one or more Subsidiaries of such Person, or such Person and one or more Subsidiaries of such Person, directly or indirectly, at the date of
determination thereof has at least majority ownership interest, or (iii) a partnership in which such Person or a Subsidiary of such Person is, at the time, a general partner. 

“Trustee” means the Person identified as “Trustee” in the first paragraph hereof and, subject to the provisions of
Article VI, shall also include any successor trustee. “Trustee” shall also mean or include each Person who is then a trustee hereunder, and, if at any time there is more than one such Person, “Trustee” as used with respect to the
Securities of any series shall mean the trustee with respect to the Securities of such series. 
 “Unregistered
Security” means any Security other than a Registered Security. 
 “U.S. Government Obligations” shall have the
meaning set forth in Section 10.1(A). 
 “Voting Equity Interests” means Equity Interests which at the time are
entitled to vote in the election of, as applicable, directors, members or partners generally; provided, that, for the purposes hereof, Equity Interests that carry only the right to vote conditionally on the happening of an event shall not be
considered Voting Equity Interests whether or not such event shall have happened. 

  
 10 

 “Yield to Maturity” means the yield to maturity on a series of securities,
calculated at the time of issuance of such series, or, if applicable, at the most recent redetermination of interest on such series, and calculated in accordance with accepted financial practice. 

ARTICLE II 

SECURITIES 
 SECTION 2.1 FORMS GENERALLY. The Securities of each series and the Coupons, if any, to be attached thereto shall be substantially in such form (not inconsistent with this Indenture) as shall be
established by or pursuant to one or more Board Resolutions (as set forth in a Board Resolution or, to the extent established pursuant to but not set forth in a Board Resolution, an Officer’s Certificate detailing such establishment) or in one
or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture and may have imprinted or otherwise reproduced thereon such legend or
legends or endorsements, not inconsistent with the provisions of this Indenture, as may be required to comply with any law or with any rules or regulations pursuant thereto, or with any rules of any securities exchange or to conform to general
usage, all as may be determined by the officers executing such Securities and Coupons, if any, as evidenced by their execution of such Securities and Coupons. 
 The definitive Securities and Coupons, if any, shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other manner, all as determined by the officers executing such
Securities and Coupons, if any, as evidenced by their execution of such Securities and Coupons, if any. 
 SECTION 2.2 FORM
OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION. The Trustee’s certificate of authentication on all Securities shall be in substantially the following form: 
 “This is one of the Securities referred to in the within-mentioned Indenture. 
  

					
	 WELLS FARGO BANK, NATIONAL
 ASSOCIATION, as Trustee
	 	 
			
	By	 	  
	 	
		 	Authorized Signatory	 	
	Dated:	 	  
	 	”

  
 11 

 If at any time there shall be an Authenticating Agent appointed with respect to any series
of Securities, then the Trustee’s Certificate of Authentication to be borne by the Securities of each such series shall be substantially as follows: 
 “This is one of the Securities referred to in the within-mentioned Indenture. 
  

			
	  

	as Authenticating Agent
		
	By:	 	  

		 	Authorized Signatory”

 SECTION 2.3 AMOUNT UNLIMITED; ISSUABLE IN SERIES. The aggregate principal amount of
Securities which may be authenticated and delivered under this Indenture is unlimited. 
 The Securities may be issued in one or
more series. There shall be established in or pursuant to one or more Board Resolutions (and to the extent established pursuant to but not set forth in a Board Resolution, in an Officer’s Certificate detailing such establishment) or established
in one or more indentures supplemental hereto, prior to the initial issuance of Securities of any series, 
 (1)
the designation of the Securities of the series, including CUSIP numbers, which shall distinguish the Securities of the series from the Securities of all other series, and which may be part of a series of Securities previously issued; 

(2) any limit upon the aggregate principal amount of the Securities of the series that may be authenticated and delivered
under this Indenture (except for Securities authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 2.8, 2.9, 2.11, 8.5 or 12.3); 

(3) if other than Dollars, the Foreign Currency or Foreign Currencies in which the Securities of the series are
denominated; 
 (4) the date or dates on which the principal of the Securities of the series is payable or the
method of determination thereof; 
 (5) the rate or rates at which the Securities of the series shall bear
interest, if any, the date or dates from which such interest shall accrue, on which such interest shall be payable, the terms and conditions of any deferral of interest and the additional interest, if any, thereon, the right, if any, of the Issuer
to extend the interest payment periods and the duration of the extensions and (in the case of Registered Securities) the date or dates on which a record shall be taken for the determination of Holders to whom interest is payable and/or the method by
which such rate or rates or date or dates shall be determined; 

  
 12 

 (6) the place or places where and the manner in which, the principal of and
any interest on Securities of the series shall be payable, if other than as provided in Section 3.2; 
 (7)
the right, if any, of the Issuer to redeem Securities, in whole or in part, at its option and the period or periods within which, or the date or dates on which, the price or prices at which and any terms and conditions upon which Securities of the
series may be so redeemed, pursuant to any sinking fund or otherwise; 
 (8) the obligation, if any, of the
Issuer to redeem, purchase or repay Securities of the series pursuant to any mandatory redemption, sinking fund or analogous provisions or at the option of a Holder thereof and the price or prices at which and the period or periods within which or
the date or dates on which, and any terms and conditions upon which Securities of the series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation; 

(9) if the Securities of such series are Subordinated Securities, the terms pursuant to which the Securities of such
series will be made subordinate in right of payment to Senior Indebtedness and the definition of such Senior Indebtedness with respect to such series (in the absence of an express statement to the effect that the Securities of such series are
subordinate in right of payment to all such Senior Indebtedness, the Securities of such series shall not be subordinate to Senior Indebtedness and shall not constitute Subordinated Securities); and, in the event that the Securities of such series
are Subordinated Securities, such Board Resolution, Officer’s Certificate or supplemental indenture, as the case may be, establishing the terms of such series shall expressly state which articles, sections or other provisions thereof constitute
the “Subordination Provisions” with respect to the Securities of such series; 
 (10) if other than
denominations of $2,000 and any integral multiple of $1,000 in excess thereof in the case of Registered Securities, or $1,000 and $5,000 in the case of Unregistered Securities, the denominations in which Securities of the series shall be issuable;

 (11) the percentage of the principal amount at which the Securities will be issued, and, if other than the
principal amount thereof, the portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of the maturity thereof and the terms and conditions of any acceleration; 

(12) if other than the coin, currency or currencies in which the Securities of the series are denominated, the coin,
currency or currencies in which payment of the principal of or interest on the Securities of such series shall be payable, including composite currencies or currency units; 

(13) if the principal of or interest on the Securities of the series are to be payable, at the election of the Issuer or a
Holder thereof, in a coin or currency other than that in which the Securities are denominated, the period or periods within which, and the terms and conditions upon which, such election may be made; 

  
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 (14) if the amount of payments of principal of and interest on the
Securities of the series may be determined with reference to an index or formula based on a coin, currency, composite currency or currency unit other than that in which the Securities of the series are denominated, the manner in which such amounts
shall be determined; 
 (15) whether the Securities of the series will be issuable as Registered Securities (and
if so, whether such Securities will be issuable as Registered Global Securities) or Unregistered Securities (with or without Coupons), or any combination of the foregoing, any restrictions applicable to the offer, sale or delivery of Unregistered
Securities or the payment of interest thereon and, if other than as provided in Section 2.8, the terms upon which Unregistered Securities of any series may be exchanged for Registered Securities of such series and vice versa; 

(16) whether and under what circumstances the Issuer will pay additional amounts on the Securities of the series held by a
person who is not a U.S. person in respect of any tax, assessment or governmental charge withheld or deducted and, if so, whether the Issuer will have the option to redeem the Securities of the series rather than pay such additional amounts;

 (17) if the Securities of the series are to be issuable in definitive form (whether upon original issue or
upon exchange of a temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, the form and terms of such certificates, documents or conditions; 

(18) any trustees, depositaries, authenticating or paying agents, transfer agents or registrars of any other agents with
respect to the Securities of such series; 
 (19) any deletion from, modification of or addition to the Events of
Default or covenants with respect to the Securities of such series; 
 (20) if the Securities of the series are
to be convertible into or exchangeable for any other security or property of the Issuer, including, without limitation, securities of another Person held by the Issuer or its Affiliates and, if so, the terms thereof; and 

(21) any other terms of the series. 
 All Securities of any one series and Coupons, if any, appertaining thereto shall be substantially identical, except in the case of Registered Securities as to denomination and except as may otherwise be
provided by or pursuant to the Board Resolution or Officer’s Certificate referred to above or as set forth in any indenture supplemental hereto. All Securities of any one series need not be issued at the same time and may be issued from time to
time without consent of any Holder, consistent with the terms of this Indenture, if so provided by or pursuant to such Board Resolution, such Officer’s Certificate or in any indenture supplemental hereto. 

SECTION 2.4 AUTHENTICATION AND DELIVERY OF SECURITIES. The Issuer may deliver Securities of any series having attached thereto
appropriate Coupons, if any, executed by the Issuer to the Trustee for authentication together with the applicable documents referred to below in this Section 2.4, and the Trustee shall thereupon authenticate and

  
 14 

 
deliver such Securities and Coupons, if any, to or upon the order of the Issuer (contained in the Issuer Order referred to below in this Section) or pursuant to such procedures acceptable to the
Trustee and to such recipients as may be specified from time to time by an Issuer Order. The maturity date, original issue date, interest rate and any other terms of the Securities of such series and Coupons, if any, appertaining thereto shall be
determined by or pursuant to such Issuer Order and procedures. If provided for in such procedures, such Issuer Order may authorize authentication and delivery pursuant to oral or electronic instructions from the Issuer or its duly authorized agent
or agents, which instructions, if oral, shall be promptly confirmed in writing. In authenticating such Securities and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be provided with
(in the case of subparagraphs (2), (3) and (4) below only at or before the time of the first request of the Issuer to the Trustee to authenticate Securities of such series) and (subject to Section 6.1) shall be fully protected in
conclusively relying upon, the following enumerated documents unless and until such documents have been superseded or revoked: 
 (1) an Issuer Order requesting such authentication and setting forth delivery instructions if the Securities and Coupons, if any, are not to be delivered to the Issuer, provided that, with respect
to Securities of a series subject to a Periodic Offering, (a) such Issuer Order may be delivered by the Issuer to the Trustee prior to the delivery to the Trustee of such Securities for authentication and delivery, (b) the Trustee shall
authenticate and deliver Securities of such series for original issue from time to time, in an aggregate principal amount not exceeding the aggregate principal amount established for such series, pursuant to an Issuer Order or pursuant to procedures
acceptable to the Trustee as may be specified from time to time by an Issuer Order, (c) the maturity date or dates, original issue date or dates, interest rate or rates and any other terms of Securities of such series shall be determined by an
Issuer Order or pursuant to such procedures and (d) if provided for in such procedures, such Issuer Order may authorize authentication and delivery pursuant to oral or electronic instructions from the Issuer or its duly authorized agent or
agents, which instructions, if oral, shall be promptly confirmed in writing; 
 (2) any Board Resolution,
Officer’s Certificate and/or executed supplemental indenture referred to in Section 2.1 and 2.3 by or pursuant to which the forms and terms of the Securities and Coupons, if any, were established; 

(3) an Officer’s Certificate setting forth the form or forms and terms of the Securities and Coupons, if any, stating
that the form or forms and terms of the Securities and Coupons, if any, have been established pursuant to Sections 2.1 and 2.3 and comply with this Indenture, and covering such other matters as the Trustee may reasonably request; and 

(4) At the option of the Issuer, either one or more Opinions of Counsel, or a letter addressed to the Trustee permitting
it to rely on one or more Opinions of Counsel, substantially to the effect that: 
 (a) the form or forms of the
Securities and Coupons, if any, have been duly authorized and established in conformity with the provisions of this Indenture; 

  
 15 

 (b) in the case of an underwritten offering, the terms of the Securities
have been duly authorized and established in conformity with the provisions of this Indenture, and, in the case of an offering that is not underwritten, certain terms of the Securities have been established pursuant to a Board Resolution, an
Officer’s Certificate or a supplemental indenture in accordance with this Indenture, and when such other terms as are to be established pursuant to procedures set forth in an Issuer Order shall have been established, all such terms will have
been duly authorized by the Issuer and will have been established in conformity with the provisions of this Indenture; 
 (c) such Securities and Coupons, if any, when executed by the Issuer and authenticated by the Trustee in accordance with the provisions of this Indenture and delivered to and duly paid for by the
purchasers thereof, and subject to any conditions specified in such Opinion of Counsel, will have been duly issued under this Indenture, will be entitled to the benefits of this Indenture, and will be valid and binding obligations of the Issuer,
enforceable in accordance with their respective terms except as the enforceability thereof may be limited by (i) bankruptcy, insolvency, reorganization, liquidation, moratorium, fraudulent transfer or similar laws affecting creditors’
rights generally, (ii) rights of acceleration, if any, and (iii) the availability of equitable remedies may be limited by equitable principles of general applicability and such counsel need express no opinion with regard to the
enforceability of Section 6.6 or of a judgment denominated in a currency other than Dollars; and 
 (d) all
conditions precedent to the issuance and authorization of the Securities have been complied with. 
 In rendering such opinions,
any counsel may qualify any opinions as to enforceability by stating that such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium, fraudulent transfer and other similar laws affecting the rights and
remedies of creditors and is subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). Any counsel may state that such opinions are limited to matters arising under the
laws of the State of New York and the General Corporation Law of the State of Delaware. Such counsel may rely upon opinions of other counsel (copies of which shall be delivered to the Trustee) reasonably satisfactory to the Trustee, in which case
the opinion shall state that such counsel believes he and the Trustee are entitled so to rely. Such counsel may also state that, insofar as such opinion involves factual matters, he has relied, to the extent he deems proper, upon certificates of
officers of the Issuer and its subsidiaries and certificates of public officials. 
 The Trustee shall have the right to decline
to authenticate and deliver any Securities under this section if the Trustee, being advised by counsel, determines that such action may not lawfully be taken by the Issuer or if the Trustee in good faith shall determine that such action would expose
the Trustee to personal liability to existing Holders or would affect the Trustee’s own rights, duties or immunities under the Securities, this Indenture or otherwise. 

  
 16 

 If the Issuer shall establish pursuant to Section 2.3 that the Securities of a series
are to be issued in the form of one or more Registered Global Securities, then the Issuer shall execute and the Trustee shall, in accordance with this Section and the Issuer Order with respect to such series, authenticate and deliver one or more
Registered Global Securities that (i) shall represent and shall be denominated in an amount equal to the aggregate principal amount of all of the Securities of such series issued and not yet cancelled, (ii) shall be registered in the name
of the Depositary for such Registered Global Security or Securities or the nominee of such Depositary, (iii) shall be delivered by the Trustee to such Depositary or delivered or held pursuant to such Depositary’s instructions and
(iv) shall bear a legend substantially to the following effect: “Unless and until it is exchanged in whole or in part for Securities in definitive registered form, this Security may not be transferred except as a whole by the Depositary to
the nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.” 

Each Depositary designated pursuant to Section 2.3 must, at the time of its designation and at all times while it serves as
Depositary, be a clearing agency registered under the Exchange Act and any other applicable statute or regulation. 
 SECTION
2.5 EXECUTION OF SECURITIES. The Securities and each Coupon appertaining thereto, if any, shall be signed on behalf of the Issuer by the chairman or vice chairman of its Board of Directors or its president, or any executive (senior or other), a
vice president or its treasurer, which may, but need not, be attested. Such signatures may be the manual or facsimile signatures of the present or any future such officers. Typographical and other minor errors or defects in any such signature shall
not affect the validity or enforceability of any Security that has been duly authenticated and delivered by the Trustee. 
 In
case any officer of the Issuer who shall have signed any of the Securities or Coupons, if any, shall cease to be such officer before the Security or Coupon so signed (or the Security to which the Coupon so signed appertains) shall be authenticated
and delivered by the Trustee or disposed of by the Issuer, such Security or Coupon nevertheless may be authenticated and delivered or disposed of as though the person who signed such Security or Coupon had not ceased to be such officer of the
Issuer; and any Security or Coupon may be signed on behalf of the Issuer by such persons as, at the actual date of the execution of such Security or Coupon, shall be the proper officers of the Issuer, although at the date of the execution and
delivery of this Indenture any such person was not such an officer. 
 SECTION 2.6 CERTIFICATE OF AUTHENTICATION. Only
such Securities as shall bear thereon a certificate of authentication substantially in the form hereinbefore recited, executed by the Trustee by the manual signature of one of its authorized signatories, shall be entitled to the benefits of this
Indenture or be valid or obligatory for any purpose. No Coupon shall be entitled to the benefits of this Indenture or shall be valid and obligatory for any purpose until the certificate of authentication on the Security to which such Coupon
appertains shall have been duly executed by the Trustee. The execution of such 

  
 17 

 
certificate by the Trustee upon any Security executed by the Issuer shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that
the Holder is entitled to the benefits of this Indenture. 
 SECTION 2.7 DENOMINATION AND DATE OF SECURITIES; PAYMENT OF
INTEREST. The Securities of each series shall be issuable as Registered Securities or Unregistered Securities in denominations established as contemplated by Section 2.3 or, with respect to the Registered Securities of any series, if not so
established, in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. If denominations of Unregistered Securities of any series are not so established, such Securities shall be issuable in denominations of $1,000 and $5,000.
The Securities of each series shall be numbered, lettered or otherwise distinguished in such manner or in accordance with such plan as the officers of the Issuer executing the same may determine with the approval of the Trustee, as evidenced by the
execution and authentication thereof. 
 Each Registered Security shall be dated the date of its authentication. Each
Unregistered Security shall be dated as provided in the Board Resolution referred to in Section 2.3. The Securities of each series shall bear interest, if any, from the date, and such interest shall be payable on the dates, established as
contemplated by Section 2.3. 
 The person in whose name any Registered Security of any series is registered at the close
of business on any record date applicable to a particular series with respect to any interest payment date for such series shall be entitled to receive the interest, if any, payable on such interest payment date notwithstanding any transfer or
exchange of such Registered Security subsequent to the record date and prior to such interest payment date, except if and to the extent the Issuer shall default in the payment of the interest due on such interest payment date for such series, in
which case such defaulted interest shall be paid to the persons in whose names Outstanding Registered Securities for such series are registered at the close of business on a subsequent record date (which shall be not less than five Business Days
prior to the date of payment of such defaulted interest) established by notice given by mail by or on behalf of the Issuer to the Holders of Registered Securities not less than 15 days preceding such subsequent record date. The term “record
date” as used with respect to any interest payment date (except a date for payment of defaulted interest) for the Securities of any series shall mean the date specified as such in the terms of the Registered Securities of such series
established as contemplated by Section 2.3, or, if no such date is so established, if such interest payment date is the first day of a calendar month, the fifteenth day of the preceding calendar month or, if such interest payment date is the
fifteenth day of a calendar month, the first day of such calendar month, whether or not such record date is a Business Day. 

SECTION 2.8 REGISTRATION, TRANSFER AND EXCHANGE. (a) The Issuer will keep at each office or agency to be maintained for the
purpose as provided in Section 3.2 for each series of Securities a register or registers in which, subject to such reasonable regulations as the Issuer may prescribe, it will provide for the registration of Registered Securities of such series
and the registration of transfer of Registered Securities of such series. Such register shall be in written form in the English language or in any other form capable of being converted into such form within a reasonable time. At all reasonable times
such register or registers shall be open for inspection by the Trustee. 

  
 18 

 Upon due presentation for registration of transfer of any Registered Security of any series
at any such office or agency to be maintained for the purpose as provided in Section 3.2, the Issuer shall execute and the Trustee shall authenticate and deliver in the name of the transferee or transferees a new Registered Security or
Registered Securities of the same series, maturity date, interest rate and original issue date in authorized denominations for a like aggregate principal amount. 
 Unregistered Securities (except for any temporary global Unregistered Securities) and Coupons (except for Coupons attached to any temporary global Unregistered Securities) shall be transferable by
delivery. 
 At the option of the Holder thereof, Registered Securities of any series (other than a Registered Global Security,
except as set forth below) may be exchanged for a Registered Security or Registered Securities of such series having authorized denominations and an equal aggregate principal amount, upon surrender of such Registered Securities to be exchanged at
the agency of the Issuer that shall be maintained for such purpose in accordance with Section 3.2 and upon payment, if the Issuer shall so require, of the charges hereinafter provided. If the Securities of any series are issued in both
registered and unregistered form, at the option of the Holder thereof, except as otherwise specified pursuant to Section 2.3, Unregistered Securities of any series may be exchanged for Registered Securities of such series having authorized
denominations and an equal aggregate principal amount, upon surrender of such Unregistered Securities to be exchanged at the agency of the Issuer that shall be maintained for such purpose in accordance with Section 3.2, with, in the case of
Unregistered Securities that have Coupons attached, all unmatured Coupons and all matured Coupons in default thereto appertaining, and upon payment, if the Issuer shall so require, of the charges hereinafter provided. At the option of the Holder
thereof, if Unregistered Securities of any series, maturity date, interest rate and original issue date are issued in more than one authorized denomination, except as otherwise specified pursuant to Section 2.3, such Unregistered Securities may
be exchanged for Unregistered Securities of such series having authorized denominations and an equal aggregate principal amount, upon surrender of such Unregistered Securities to be exchanged at the agency of the Issuer that shall be maintained for
such purpose in accordance with Section 3.2 or as specified pursuant to Section 2.3, with, in the case of Unregistered Securities that have Coupons attached, all unmatured Coupons and all matured Coupons in default thereto appertaining,
and upon payment, if the Issuer shall so require, of the charges hereinafter provided. Registered Securities of any series may not be exchanged for Unregistered Securities of such series unless (1) otherwise specified pursuant to
Section 2.3 and (2) the Issuer has delivered to the Trustee an Opinion of Counsel that (x) the Issuer has received from the IRS a ruling or (y) since the date hereof, there has been a change in the applicable United States
Federal income tax law, in either case to the effect that the inclusion of terms permitting Registered Securities to be exchanged for Unregistered Securities would result in no United States Federal income tax effect adverse to the Issuer or to any
Holder. Whenever any Securities are so surrendered for exchange, the Issuer shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. All Securities and Coupons, if
any, surrendered upon any exchange or transfer provided for in this Indenture shall be promptly cancelled and disposed of by the Trustee in accordance with its regular procedures, and the Trustee shall deliver a certificate of disposition thereof to
the Issuer. 

  
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 All Registered Securities presented for registration of transfer, exchange, redemption or
payment shall (if so required by the Issuer or the Trustee) be duly endorsed, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Issuer and the Trustee duly executed, by the Holder or his attorney duly
authorized in writing. 
 The Issuer or the Registrar may require payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection with any exchange or registration of transfer of Securities. No service charge shall be made for any such transaction. 
 The Issuer shall not be required to exchange or register a transfer of (a) any Securities of any series for a period of 15 days preceding the first mailing of notice of redemption of Securities of
such series to be redeemed or (b) any Securities selected, called or being called for redemption, in whole or in part, except, in the case of any Security to be redeemed in part, the portion thereof not so to be redeemed. 

Notwithstanding any other provision of this Section 2.8, unless and until it is exchanged in whole or in part for Securities in
definitive registered form, a Registered Global Security representing all or a portion of the Securities of a series may not be transferred except as a whole by the Depositary for such series to a nominee of such Depositary or by a nominee of such
Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a nominee of such successor Depositary. 

If at any time the Depositary for any Registered Securities of a series represented by one or more Registered Global Securities notifies
the Issuer that it is unwilling or unable to continue as Depositary for such Registered Securities or if at any time the Depositary for such Registered Securities shall no longer be eligible under Section 2.4, the Issuer shall appoint a
successor Depositary eligible under Section 2.4 with respect to such Registered Securities. If a successor Depositary eligible under Section 2.4 for such Registered Securities is not appointed by the Issuer within 90 days after the Issuer
receives such notice or becomes aware of such ineligibility, the Issuer’s election pursuant to Section 2.3 that such Registered Securities be represented by one or more Registered Global Securities shall no longer be effective and the
Issuer will execute, and the Trustee, upon receipt of an Officer’s Certificate for the authentication and delivery of definitive Securities of such series, will authenticate and deliver, Securities of such series in definitive registered form
without coupons, in any authorized denominations, in an aggregate principal amount equal to the principal amount of the Registered Global Security or Securities representing such Registered Securities in exchange for such Registered Global Security
or Securities. 
 The Issuer may at any time and in its sole discretion determine that the Registered Securities of any series
issued in the form of one or more Registered Global Securities shall no longer be represented by a Registered Global Security or Securities. In such event the Issuer will execute, and the Trustee, upon receipt of any Officer’s Certificate for
the authentication and delivery of definitive Securities of such series, will authenticate and deliver, Securities of such series in definitive registered form without coupons, in any authorized denominations, in an aggregate principal amount equal
to the principal amount of the Registered Global Security or Securities representing such Registered Securities, in exchange for such Registered Global Security or Securities. 

  
 20 

 If specified by the Issuer pursuant to Section 2.3 with respect to Securities
represented by a Registered Global Security, the Depositary for such Registered Global Security may surrender such Registered Global Security in exchange in whole or in part for Securities of the same series in definitive registered form on such
terms as are acceptable to the Issuer and such Depositary. Thereupon, the Issuer shall execute, and the Trustee shall authenticate and deliver, without service charge, 

(i) to the Person specified by such Depositary a new Registered Security or Securities of the same series, of any
authorized denominations as requested by such Person, in an aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the Registered Global Security; and 

(ii) to such Depositary a new Registered Global Security in a denomination equal to the difference, if any, between the
principal amount of the surrendered Registered Global Security and the aggregate principal amount of Registered Securities authenticated and delivered pursuant to clause (i) above. 

Upon the exchange of a Registered Global Security for Securities in definitive registered form without coupons, in authorized
denominations, such Registered Global Security shall be cancelled by the Trustee or an agent of the Issuer or the Trustee. Securities in definitive registered form without coupons issued in exchange for a Registered Global Security pursuant to this
Section 2.8 shall be registered in such names and in such authorized denominations as the Depositary for such Registered Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee
or an agent of the Issuer or the Trustee. The Trustee or such agent shall deliver such Securities to or as directed by the Persons in whose names such Securities are so registered. 

All Securities issued upon any transfer or exchange of Securities shall be valid obligations of the Issuer, evidencing the same debt, and
entitled to the same benefits under this Indenture, as the Securities surrendered upon such transfer or exchange. 

Notwithstanding anything herein or in the terms of any series of Securities to the contrary, none of the Issuer, the Trustee or any agent
of the Issuer or the Trustee (any of which, other than the Issuer, shall conclusively rely on an Officer’s Certificate and an Opinion of Counsel) shall be required to exchange any Unregistered Security for a Registered Security if such exchange
would result in United States Federal income tax consequences adverse to the Issuer (such as, for example, the inability of the Issuer to deduct from its income, as computed for United States Federal income tax purposes, the interest payable on the
Unregistered Securities) under then applicable United States Federal income tax laws. The Trustee shall have no responsibility for any actions taken or not taken by the Depositary. 

The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed
under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between 

  
 21 

 
or among Depositary participants or beneficial owners of interests in any Registered Global Security) other than to require delivery of such certificates and other documentation or evidence as
are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

SECTION 2.9 MUTILATED, DEFACED, DESTROYED, LOST AND STOLEN SECURITIES. In case any temporary or definitive Security or any Coupon
appertaining to any Security shall be mutilated, defaced, destroyed, lost or stolen, the Issuer in its discretion may execute and, upon the written request of any officer of the Issuer, the Trustee shall authenticate and deliver, a new Security of
the same series, maturity date, interest rate and original issue date, bearing a number or other distinguishing symbol not contemporaneously outstanding, in exchange and substitution for the mutilated or defaced Security, or in lieu of and in
substitution for the Security so destroyed, lost or stolen with Coupons corresponding to the Coupons appertaining to the Securities so mutilated, defaced, destroyed, lost or stolen, or in exchange or substitution for the Security to which such
mutilated, defaced, destroyed, lost or stolen Coupon appertained, with Coupons appertaining thereto corresponding to the Coupons so mutilated, defaced, destroyed, lost or stolen. In every case, the applicant for a substitute Security or Coupon shall
furnish to the Issuer and to the Trustee and any agent of the Issuer or the Trustee such security or indemnity as may be required by them to indemnify and defend and to save each of them harmless and, in every case of destruction, loss or theft,
evidence to their satisfaction of the destruction, loss or theft of such Security or Coupon and of the ownership thereof, and in the case of mutilation or defacement shall surrender the Security and related Coupons to the Trustee or such agent.

 Upon the issuance of any substitute Security or Coupon, the Issuer or the Registrar may require the payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) or its agent connected therewith. In case any Security or Coupon which has
matured or is about to mature or has been called for redemption in full shall become mutilated or defaced or be destroyed, lost or stolen, the Issuer may, instead of issuing a substitute Security, pay or authorize the payment of the same or the
relevant Coupon (without surrender thereof except in the case of a mutilated or defaced Security or Coupon), if the applicant for such payment shall furnish to the Issuer and to the Trustee and any agent of the Issuer or the Trustee such security or
indemnity as any of them may require to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Issuer and the Trustee and any agent of the Issuer or the Trustee evidence to their
satisfaction of the destruction, loss or theft of such Security or Coupons and of the ownership thereof. 
 Every substitute
Security or Coupon of any series issued pursuant to the provisions of this Section by virtue of the fact that any such Security or Coupon is destroyed, lost or stolen shall constitute an additional contractual obligation of the Issuer, whether or
not the destroyed, lost or stolen Security or Coupon shall be at any time enforceable by anyone and shall be entitled to all the benefits of (but shall be subject to all the limitations of rights set forth in) this Indenture equally and
proportionately with any and all other Securities or Coupons of such series duly authenticated and delivered hereunder. All Securities and Coupons shall be held and owned upon the express condition that, to the extent permitted by law, the foregoing
provisions 

  
 22 

 
are exclusive with respect to the replacement or payment of mutilated, defaced or destroyed, lost or stolen Securities and Coupons and shall preclude any and all other rights or remedies
notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable instruments or other securities without their surrender. 

SECTION 2.10 CANCELLATION OF SECURITIES; DISPOSAL THEREOF. All Securities and Coupons surrendered for payment, redemption,
registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if any, if surrendered to the Issuer or any agent of the Issuer or the Trustee or any agent of the Trustee, shall be delivered to the
Trustee or its agent for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee or
its agent shall dispose of cancelled Securities and Coupons held by it in accordance with its regular procedures and deliver a certificate of disposition to the Issuer. If the Issuer or its agent shall acquire any of the Securities or Coupons, such
acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities or Coupons unless and until the same are delivered to the Trustee or its agent for cancellation. 

SECTION 2.11 TEMPORARY SECURITIES. Pending the preparation of definitive Securities for any series, the Issuer may execute and the
Trustee shall authenticate and deliver temporary Securities for such series (printed, lithographed, typewritten or otherwise reproduced, in each case in form satisfactory to the Trustee). Temporary Securities of any series shall be issuable as
Registered Securities without coupons, or as Unregistered Securities with or without coupons attached thereto, of any authorized denomination, and substantially in the form of the definitive Securities of such series but with such omissions,
insertions and variations as may be appropriate for temporary Securities, all as may be determined by the Issuer with the concurrence of the Trustee as evidenced by the execution and authentication thereof. Temporary Securities may contain such
references to any provisions of this Indenture as may be appropriate. Every temporary Security shall be executed by the Issuer and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect,
as the definitive Securities. Without unreasonable delay the Issuer shall execute and shall furnish definitive Securities of such series and thereupon temporary Registered Securities of such series may be surrendered in exchange therefor without
charge at each office or agency to be maintained by the Issuer for that purpose pursuant to Section 3.2 and, in the case of Unregistered Securities, at any agency maintained by the Issuer for such purpose as specified pursuant to
Section 2.3, and the Trustee shall authenticate and deliver in exchange for such temporary Securities of such series an equal aggregate principal amount of definitive Securities of the same series having authorized denominations and, in the
case of Unregistered Securities, having attached thereto any appropriate Coupons. Until so exchanged, the temporary Securities of any series shall be entitled to the same benefits under this Indenture as definitive Securities of such series, unless
otherwise established pursuant to Section 2.3. The provisions of this Section are subject to any restrictions or limitations on the issue and delivery of temporary Unregistered Securities of any series that may be established pursuant to
Section 2.3 (including any provision that Unregistered Securities of such series initially be issued in the form of a single global Unregistered Security to be delivered to a depositary or agency located outside the United States and the
procedures pursuant to which definitive or global Unregistered Securities of such series would be issued in exchange for such temporary global Unregistered Security). 

  
 23 

 SECTION 2.12 CUSIP NUMBERS. The Issuer in issuing the Securities may use
“CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as
to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall
not be affected by any defect in or omission of such numbers. The Issuer will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 
 ARTICLE III 
 COVENANTS OF THE ISSUER 

SECTION 3.1 PAYMENT OF PRINCIPAL AND INTEREST. The Issuer covenants and agrees for the benefit of each series of Securities that
it will duly and punctually pay or cause to be paid the principal of, and interest on, if any, each of the Securities of such series (together with any additional amounts payable pursuant to the terms of such Securities) at the place or places, at
the respective time or times and in the manner provided in such Securities and in the Coupons, if any, appertaining thereto and in this Indenture. The interest on Securities with Coupons attached (together with any additional amounts payable
pursuant to the terms of such Securities) shall be payable only upon presentation and surrender of the several Coupons for such interest installments as are evidenced thereby as they severally mature. If any temporary Unregistered Security provides
that interest thereon may be paid while such Security is in temporary form, the interest on any such temporary Unregistered Security (together with any additional amounts payable pursuant to the terms of such Security) shall be paid, as to the
installments of interest evidenced by Coupons attached thereto, if any, only upon presentation and surrender thereof, and, as to the other installments of interest, if any, only upon presentation of such Securities for notation thereon of the
payment of such interest, in each case subject to any restrictions that may be established pursuant to Section 2.3. The interest, if any, on Registered Securities (together with any additional amounts payable pursuant to the terms of such
Securities) shall be payable only to or upon the written order of the Holders thereof and, at the option of the Issuer, may be paid by wire transfer or by mailing checks for such interest payable to or upon the written order of such Holders at their
last addresses as they appear on the Securities register of the Issuer. 
 SECTION 3.2 OFFICES FOR PAYMENTS, ETC. So long
as any Registered Securities are authorized for issuance pursuant to this Indenture or are outstanding hereunder, the Issuer will maintain in Minneapolis, Minnesota, an office or agency where the Registered Securities of each series may be presented
for payment, where the Securities of each series may be presented for exchange as is provided in this Indenture and, if applicable, pursuant to Section 2.3 and where the Registered Securities of each series may be presented for registration of
transfer as in this Indenture provided. 
 The Issuer will maintain one or more offices or agencies in a city or cities located
outside the United States (including any city in which such an agency is required to be 

  
 24 

 
maintained under the rules of any stock exchange on which the Securities of such series are listed) where the Unregistered Securities, if any, of each series and Coupons, if any, appertaining
thereto may be presented for payment. No payment on any Unregistered Security or Coupon will be made upon presentation of such Unregistered Security or Coupon at an agency of the Issuer within the United States, nor will any payment be made by
transfer to an account in, or by mail to an address in, the United States, unless pursuant to applicable United States laws and regulations then in effect such payment can be made without tax consequences adverse to the Issuer. Notwithstanding the
foregoing, payments in Dollars of Unregistered Securities of any series and Coupons appertaining thereto which are payable in Dollars may be made at an agency of the Issuer maintained in the Borough of Manhattan, The City of New York if such payment
in Dollars at each agency maintained by the Issuer outside the United States for payment on such Unregistered Securities is illegal or effectively precluded by exchange controls or other similar restrictions. 

The Issuer will maintain in the Borough of Manhattan, The City of New York, an office or agency where notices and demands to or upon the
Issuer in respect of the Securities of any series, the Coupons appertaining thereto or this Indenture may be served. 
 The
Issuer will give to the Trustee written notice of the location of each such office or agency and of any change of location thereof. In case the Issuer shall fail to maintain any agency required by this Section to be located in Minneapolis,
Minnesota, or shall fail to give such notice of the location or for any change in the location of any of the above agencies, presentations and demands may be made and notices may be served at the designated office of the Trustee. 

The Issuer may from time to time designate one or more additional offices or agencies where the Securities of a series and any Coupons
appertaining thereto may be presented for payment, where the Securities of that series may be presented for exchange as provided in this Indenture and pursuant to Section 2.3 and where the Registered Securities of that series may be presented
for registration of transfer as in this Indenture provided, and the Issuer may from time to time rescind any such designation, as the Issuer may deem desirable or expedient; provided, that no such designation or rescission shall in any manner
relieve the Issuer of its obligations to maintain the agencies provided for in this Section. The Issuer shall give to the Trustee prompt written notice of any such designation or rescission thereof. 

SECTION 3.3 APPOINTMENT TO FILL A VACANCY IN OFFICE OF TRUSTEE. The Issuer, whenever necessary to avoid or fill a vacancy in the
office of Trustee, will appoint, in the manner provided in Section 6.10, a Trustee, so that there shall at all times be a Trustee with respect to each series of Securities hereunder. 

SECTION 3.4 PAYING AGENTS. Whenever the Issuer shall appoint a paying agent other than the Trustee with respect to the Securities
of any series, it will cause such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section, 

(a) that it will hold all sums received by it as such agent for the payment of the principal of or interest on the
Securities of such series (whether such sums have been 

  
 25 

 
paid to it by the Issuer or by any other obligor on the Securities of such series) in trust for the benefit of the Holders of the Securities of such series, or Coupons appertaining thereto, if
any, or of the Trustee; 
 (b) that it will give the Trustee notice of any failure by the Issuer (or by any other
obligor on the Securities of such series) to make any payment of the principal of or interest on the Securities of such series when the same shall be due and payable; and 

(c) that it will pay any such sums so held in trust by it to the Trustee upon the Trustee’s written request at any
time during the continuance of the failure referred to in the foregoing clause (b). 
 The Issuer will, on or prior to each due
date of the principal of or interest on the Securities of such series, deposit with the paying agent a sum sufficient to pay such principal or interest so becoming due, and (unless such paying agent is the Trustee) the Issuer will promptly notify
the Trustee of any failure to take such action. 
 If the Issuer shall act as its own paying agent with respect to the
Securities of any series, it will, on or before each due date of the principal of or interest on the Securities of such series, set aside, segregate and hold in trust for the benefit of the Holders of the Securities of such series or the Coupons
appertaining thereto a sum sufficient to pay such principal or interest so becoming due. The Issuer will promptly notify the Trustee of any failure to take such action. 
 Anything in this Section to the contrary notwithstanding, but subject to Section 10.1, the Issuer may at any time, for the purpose of obtaining a satisfaction and discharge with respect to one or
more or all series of Securities hereunder, or for any other reason, pay or cause to be paid to the Trustee all sums held in trust for any such series by the Issuer or any paying agent hereunder, as required by this Section, such sums to be held by
the Trustee upon the trusts herein contained. 
 Anything in this Section to the contrary notwithstanding, the agreement to hold
sums in trust as provided in this Section is subject to the provisions of Sections 10.3 and 10.4. 
 SECTION 3.5 COMPLIANCE
CERTIFICATES. The Issuer will furnish to the Trustee on or before January 31 in each year (beginning with January 31, [        ]) a brief certificate (which need not comply with
Section 11.5) from the principal executive, financial or accounting officer of the Issuer stating that in the course of the performance by the signer of his or her duties as an officer of the Issuer he or she would normally have knowledge of
any default or non-compliance by the Issuer in the performance of any covenants or conditions contained in this Indenture, stating whether or not he or she has knowledge of any such default or non-compliance (without regard to notice requirements or
grace periods) and, if so, describing each such default or non-compliance of which the signer has knowledge and the nature thereof. 
 The Issuer shall deliver to the Trustee, as soon as possible and in any event within five days after the Issuer becomes aware of the occurrence of any Event of Default or an event which, with notice or
the lapse of time or both, would constitute an Event of Default, an Officer’s Certificate setting forth the details of such Event of Default or default and the action which the Issuer proposes to take with respect thereto. 

  
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 SECTION 3.6 CORPORATE EXISTENCE. Subject to Article IX, the Issuer will do or cause
to be done all things necessary to preserve and keep in full force and effect its corporate existence and the rights (charter and statutory), licenses and franchises of the Issuer and its Subsidiaries; provided, that the Issuer shall not be
required to preserve any such right, license or franchise, if, in the judgment of the Issuer, the preservation thereof is no longer desirable in the conduct of the business of the Issuer and its Subsidiaries taken as a whole and the loss thereof is
not disadvantageous in any material respect to the Securityholders. 
 SECTION 3.7 LUXEMBOURG PUBLICATIONS. In the event
of the publication of any notice pursuant to Section 5.11, 6.11, 6.12, 8.2, 10.4, 11.4 or 12.2, the party making such publication in the Borough of Manhattan, The City of New York and London shall also, to the extent that notice is required to
be given to Holders of Securities of any series by applicable Luxembourg law or stock exchange regulation, as evidenced by an Officer’s Certificate delivered to such party, make a similar publication in Luxembourg. 

SECTION 3.8 CALCULATION OF ORIGINAL ISSUE DISCOUNT. The Issuer shall file with the Trustee promptly at the end of each calendar
year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on Outstanding Securities as of the end of such year and (ii) such other specific information relating to such
original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time. 

ARTICLE IV 

SECURITYHOLDER LISTS AND REPORTS BY THE 
 ISSUER AND THE TRUSTEE 
 SECTION 4.1 ISSUER TO FURNISH TRUSTEE
INFORMATION AS TO NAMES AND ADDRESSES OF SECURITYHOLDERS. If and so long as the Trustee shall not be the Registrar for the Securities of any series, the Issuer and any other obligor on the Securities will furnish or cause to be furnished to the
Trustee a list in such form as the Trustee may reasonably require of the names and addresses of the Holders of the Registered Securities of such series pursuant to Section 312 of the Trust Indenture Act: 

(a) semi-annually not more than 5 days after each record date for the payment of interest on such Registered Securities,
as hereinabove specified, as of such record date and on dates to be determined pursuant to Section 2.3 for non-interest bearing Registered Securities in each year; and 

(b) at such other times as the Trustee may reasonably request in writing, within thirty days after receipt by the Issuer
of any such request as of a date not more than 15 days prior to the time such information is furnished. 
 SECTION 4.2
REPORTS BY THE ISSUER. The Issuer covenants to file with the Trustee, within 15 days after the Issuer is required to file the same with the Commission, copies of the annual reports and of the information, documents, and other reports that the
Issuer may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act or pursuant to Section 314 of the Trust Indenture Act. 

  
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 Delivery of such reports, information and documents to the Trustee is for informational
purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuer’s compliance with any covenants
hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 
 SECTION 4.3 REPORTS BY
THE TRUSTEE. 
 (a) The Trustee shall transmit to Holders such reports concerning the Trustee and its actions
under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. If required by Section 313(a) of the Trust Indenture Act, the Trustee shall, within sixty days after each
May 15 following the date of the initial issuance of Securities under this Indenture deliver to Holders a brief report, dated as of such May 15, which complies with the provisions of such Section 313(a). 

(b) A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock
exchange, if any, upon which the Securities are listed, with the Commission and with the Issuer. The Issuer will promptly notify the Trustee in writing when the Securities are listed on any stock exchange and of any delisting thereof. 

ARTICLE V 

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT 

SECTION 5.1 EVENT OF DEFAULT DEFINED, ACCELERATION OF MATURITY; WAIVER OF DEFAULT. “Event of Default” with respect to
Securities of any series, wherever used herein, means any one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by
operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 
 (a) default in the payment of any installment of interest upon any of the Securities of such series as and when the same shall become due and payable, and continuance of such default for a period of 30
days; provided that, a valid extension of an interest payment period by the Issuer in accordance with the terms of such Securities shall not constitute a failure to pay interest; or 

(b) default in the payment of all or any part of the principal or premium (if any) on any of the Securities of such series
as and when the same shall become due and payable either at maturity, upon any redemption, by declaration or otherwise; or 

  
 28 

 (c) failure on the part of the Issuer duly to observe or perform any other
of the covenants or agreements on the part of the Issuer in the Securities of such series or contained in this Indenture (other than a covenant or agreement included in this Indenture solely for the benefit of a series of Securities other than such
series) for a period of 90 days after the date on which written notice specifying such failure, stating that such notice is a “Notice of Default” hereunder and demanding that the Issuer remedy the same, shall have been given by registered
or certified mail, return receipt requested, to the Issuer by the Trustee, or to the Issuer and the Trustee by the holders of at least 25% in aggregate principal amount of the Outstanding Securities of the series to which such covenant or agreement
relates; or 
 (d) a court having jurisdiction in the premises shall enter a decree or order for relief in
respect of the Issuer in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the
Issuer for any substantial part of its property or ordering the winding up or liquidation of its affairs, and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 

(e) the Issuer shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or
hereafter in effect, or consent to the entry of an order for relief in an involuntary case under any such law, or consent to the appointment or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar
official) of the Issuer or for any substantial part of its or their property, or make any general assignment for the benefit of creditors; or 
 (f) any other Event of Default provided in the supplemental indenture or Board Resolution under which such series of Securities is issued or in the form of Security for such series. 

If an Event of Default described in clause (a) or (b) occurs and is continuing, then, and in each and every such case, except
for any series of Securities the principal of which shall have already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate principal amount of the Securities of each such affected series then Outstanding
hereunder (each such series voting as a separate class) by notice in writing to the Issuer (and to the Trustee if given by Securityholders), may declare the entire principal (or, if the Securities of such series are Original Issue Discount
Securities, such portion of the principal amount as may be specified in the terms of such series) of all Securities of such series, and the interest accrued thereon, if any, to be due and payable immediately, and upon any such declaration, the same
shall become immediately due and payable. 
 Except as otherwise provided in the terms of any series of Senior Securities
pursuant to Section 2.3, if an Event of Default described in clause (c) or (f) above with respect to all series of the Senior Securities then Outstanding, occurs and is continuing, then, and in each and every such case, unless the
principal of all of the Senior Securities shall have already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate principal amount of all of the Senior Securities then Outstanding hereunder (treated as one
class) 

  
 29 

 
by notice in writing to the Issuer (and to the Trustee if given by Securityholders), may declare the entire principal (or, if the Senior Securities of any series are Original Issue Discount
Securities, such portion of the principal amount as may be specified in the terms of such series) of all of the Senior Securities then Outstanding, and the interest accrued thereon, if any, to be due and payable immediately, and upon such
declaration, the same shall become immediately due and payable. If an Event of Default described in clause (d) or (e) above occurs and is continuing, then the principal amount of all the Senior Securities then Outstanding, and the interest
accrued thereon, if any, shall become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 
 Except as otherwise provided in the terms of any series of Subordinated Securities pursuant to Section 2.3, if an Event of Default described in clause (c) or (f) above with respect to all
series of Subordinated Securities then Outstanding, occurs and is continuing, then, and in each and every such case, unless the principal of all of the Subordinated Securities shall have already become due and payable, either the Trustee or the
Holders of not less than 25% in aggregate principal amount of all of the Subordinated Securities then Outstanding hereunder (treated as one class) by notice in writing to the Issuer (and to the Trustee if given by Securityholders), may declare the
entire principal (or, if the Subordinated Securities of any series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of such series) of all of the Subordinated Securities then Outstanding,
and the interest accrued thereon, if any, to be due and payable immediately, and upon such declaration, the same shall become immediately due and payable. If an Event of Default described in clause (d) or (e) above occurs and is
continuing, then the principal amount of all of the Subordinated Securities then Outstanding, and the interest accrued thereon, if any, shall become and be immediately due and payable without any declaration or other act on the part of the Trustee
or any Holder. 
 If an Event of Default described in clause (c) or (f) occurs and is continuing, which Event of
Default is with respect to less than all series of Senior Securities then Outstanding, then, and in each and every such case, except for any series of Senior Securities the principal of which shall have already become due and payable, either the
Trustee or the Holders of not less than 25% in aggregate principal amount of the Senior Securities of each such affected series then Outstanding hereunder (each such series voting as a separate class) by notice in writing to the Issuer (and to the
Trustee if given by Securityholders), may declare the entire principal (or, if the Securities of such series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of such series) of all
Securities of such series, and the interest accrued thereon, if any, to be due and payable immediately, and upon any such declaration, the same shall become immediately due and payable. 

If an Event of Default described in clause (c) or (f) occurs and is continuing, which Event of Default is with respect to less
than all series of Subordinated Securities then Outstanding, then, and in each and every such case, except for any series of Subordinated Securities the principal of which shall have already become due and payable, either the Trustee or the Holders
of not less than 25% in aggregate principal amount of the Subordinated Securities of each such affected series then Outstanding hereunder (each such series voting as a separate class) by notice in writing to the Issuer (and to the Trustee if given
by Securityholders), may declare the entire principal (or, if the Securities of such series are Original Issue Discount 

  
 30 

 
Securities, such portion of the principal amount as may be specified in the terms of such series) of all Securities of such series, and the interest accrued thereon, if any, to be due and payable
immediately, and upon any such declaration, the same shall become immediately due and payable. 
 The foregoing provisions are
subject to the condition that if, at any time after the principal (or, if the Securities are Original Issue Discount Securities, such portion of the principal as may be specified in the terms thereof) of the Securities of any series (or of all the
Securities, as the case may be) shall have been so declared due and payable, and before any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, 

(A) the Issuer shall pay or shall deposit with the Trustee a sum sufficient to pay 

(i) all matured installments of interest upon all the Securities of such series (or all the Securities, as the case may
be); and 
 (ii) the principal of any and all Securities of such series (or of all the Securities, as the case
may be) which shall have become due otherwise than by acceleration; and 
 (iii) interest upon such principal
and, to the extent that payment of such interest is enforceable under applicable law, on overdue installments of interest, at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in
the Securities of such series (or at the respective rates of interest or Yields to Maturity of all the Securities, as the case may be) to the date of such payment or deposit; and 

(iv) all amounts payable to the Trustee pursuant to Section 6.6; and 

(B) all Events of Default under the Indenture, other than the non-payment of the principal of Securities which shall have
become due by acceleration, shall have been cured, waived or otherwise remedied as provided herein, 
 then and in every such case the Holders
of a majority in aggregate principal amount of all the Securities of such series voting as a separate class (or of all the Securities, as the case may be, voting as a single class), then Outstanding, by written notice to the Issuer and to the
Trustee, may waive all defaults with respect to such series (or with respect to all the Securities, as the case may be) and rescind and annul such declaration and its consequences, but no such waiver or rescission and annulment shall extend to or
shall affect any subsequent default or shall impair any right consequent thereon. 
 For all purposes under this Indenture, if a
portion of the principal of any Original Issue Discount Securities shall have been accelerated and declared due and payable pursuant to the provisions hereof, then, from and after such declaration, unless such declaration has been rescinded and
annulled, the principal amount of such Original Issue Discount Securities shall be deemed, for all purposes hereunder, to be such portion of the principal thereof as shall be due and payable as a result of such acceleration, and payment of such
portion of the principal thereof 

  
 31 

 
as shall be due and payable as a result of such acceleration, together with interest, if any, thereon and all other amounts owing thereunder, shall constitute payment in full of such Original
Issue Discount Securities. 
 SECTION 5.2 COLLECTION OF INDEBTEDNESS BY TRUSTEE; TRUSTEE MAY PROVE DEBT. The Issuer
covenants that (a) in case default shall be made in the payment of any installment of interest on any of the Securities of any series when such interest shall have become due and payable, and such default shall have continued for a period of 30
days, or (b) in case default shall be made in the payment of all or any part of the principal of any of the Securities of any series when the same shall have become due and payable, whether upon maturity of the Securities of such series or upon
any redemption or by declaration or otherwise, then upon demand of the Trustee, the Issuer will pay to the Trustee for the benefit of the Holders of the Securities of such series the whole amount that then shall have become due and payable on all
Securities of such series, and such Coupons, for principal and interest, as the case may be (with interest to the date of such payment upon the overdue principal and, to the extent that payment of such interest is enforceable under applicable law,
on overdue installments of interest at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in the Securities of such series); and in addition thereto, such further amount as shall
be sufficient to cover the costs and expenses of collection, and such other amount due the Trustee under Section 6.6 in respect of Securities of such series. 
 Until such demand is made by the Trustee, the Issuer may pay the principal of and interest on the Securities of any series to the registered Holders, whether or not the Securities of such series be
overdue. 
 In case the Issuer shall fail forthwith to pay such amounts upon such demand, the Trustee, in its own name as
trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action or proceedings to judgment or final decree,
and may enforce any such judgment or final decree against the Issuer or other obligor upon the Securities and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Securities, wherever situated, all the
moneys adjudged or decreed to be payable. 
 In case there shall be pending proceedings relative to the Issuer or any other
obligor upon the Securities under Title 11 of the United States Code or any other applicable Federal or state bankruptcy, insolvency or other similar law, or in case a receiver, assignee or trustee in bankruptcy or reorganization, liquidator,
sequestrator or similar official shall have been appointed for or taken possession of the Issuer or its property or such other obligor, or in case of any other comparable judicial proceedings relative to the Issuer or other obligor upon the
Securities, or to the creditors or property of the Issuer or such other obligor, the Trustee, irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective
of whether the Trustee shall have made any demand pursuant to the provisions of this Section, shall be entitled and empowered, by intervention in such proceedings or otherwise: 

(a) to file and prove a claim or claims for the whole amount of principal and interest (or, if the Securities of any
series are Original Issue Discount Securities, such 

  
 32 

 
portion of the principal amount as may be specified in the terms of such series) owing and unpaid in respect of the Securities of any series, and to file such other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including any claim for amounts payable to the Trustee under Section 6.6) and of the Securityholders allowed in any judicial proceedings relative to the Issuer or other obligor
upon the Securities, or to the creditors or property of the Issuer or such other obligor; and 
 (b) unless
prohibited by applicable law and regulations, to vote on behalf of the holders of the Securities of any series in any election of a receiver, assignee, trustee or a standby trustee in arrangement, reorganization, liquidation or other bankruptcy or
insolvency proceedings, custodian or other person performing similar functions in respect of any such proceedings; and 
 (c) to collect and receive any moneys or other property payable or deliverable on any such claims, and to distribute all amounts received with respect to the claims of the Securityholders and of the
Trustee on their behalf; and any trustee, receiver, or liquidator, custodian or other similar official performing similar functions in respect of any such proceedings is hereby authorized by each of the Securityholders to make payments to the
Trustee, and, in the event that the Trustee shall consent to the making of payments directly to the Securityholders, to pay to the Trustee its costs and expenses of collection and all other amounts due to it pursuant to Section 6.6. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or vote for or accept or adopt on behalf of
any Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities of any series or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Securityholder in
any such proceeding, except as aforesaid in clause (b). 
 All rights of action and of asserting claims under this Indenture, or
under any of the Securities of any series or Coupons appertaining to such Securities, may be enforced by the Trustee without the possession of any of the Securities of such series or Coupons appertaining to such Securities or the production thereof
in any trial or other proceedings relative thereto, and any such action or proceedings instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall be awarded to the Trustee for
ratable distribution to the Holders of the Securities or Coupons appertaining to such Securities in respect of which such action was taken, after payment of all sums due to the Trustee under Section 6.6 in respect of such Securities.

 In any proceedings brought by the Trustee (and also any proceedings involving the interpretation of any provision of this
Indenture to which the Trustee shall be a party) the Trustee shall be held to represent all the Holders of the Securities or Coupons appertaining to such Securities in respect to which such action was taken, and it shall not be necessary to make any
Holders of such Securities or Coupons appertaining to such Securities parties to any such proceedings. 
 SECTION 5.3
APPLICATION OF PROCEEDS. Any moneys collected by the Trustee pursuant to this Article in respect of any series shall be applied in the following order 

  
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at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal or interest, upon presentation of the several Securities and Coupons appertaining
to such Securities in respect of which monies have been collected and stamping (or otherwise noting) thereon the payment, or issuing Securities of such series in reduced principal amounts in exchange for the presented Securities of like series if
only partially paid, or upon surrender thereof if fully paid: 
 FIRST: To the payment of costs and expenses
applicable to such series of Securities in respect of which monies have been collected, including all amounts due to the Trustee and each predecessor Trustee pursuant to Section 6.6 in respect to such series of Securities; 

SECOND: If the Securities of such series are Subordinated Securities, to the payment of amounts then due and unpaid to the
holders of Senior Indebtedness with respect to such series, to the extent required pursuant to the Subordination Provisions established with respect to the Securities of such series pursuant to Section 2.3(9). 

THIRD: In case the principal of the Securities of such series in respect of which moneys have been collected shall not
have become and be then due and payable, to the payment of interest on the Securities of such series in default in the order of the maturity of the installments on such interest, with interest (to the extent that such interest has been collected by
the Trustee and is permitted by applicable law) upon the overdue installments of interest at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in such Securities, such payments
to be made ratably to the persons entitled thereto, without discrimination or preference; 
 FOURTH: In case the
principal of the Securities of such series in respect of which moneys have been collected shall have become and shall be then due and payable, to the payment of the whole amount then owing and unpaid upon all the Securities of such series for
principal and interest, with interest upon the overdue principal, and (to the extent that such interest has been collected by the Trustee and is permitted by applicable law) upon the overdue installations of interest at the same rate as the rate of
interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in the Securities of such series; and in case such moneys shall be insufficient to pay in full the whole amount so due and unpaid upon the Securities of such
series, then to the payment of such principal and interest or Yield to Maturity, without preference or priority of principal over interest or Yield to Maturity, or of interest or Yield to Maturity over principal, or of any installment of interest
over any other installment of interest or of any Security of such series over any other Security of such series, ratably to the aggregate of such principal and accrued and unpaid interest or Yield to Maturity; and 

FIFTH: To the payment of the remainder, if any, to the Issuer or to such party as a court of competent jurisdiction shall
direct. 

  
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 SECTION 5.4 SUITS FOR ENFORCEMENT. In case an Event of Default has occurred, has not
been waived and is continuing, the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any of
such rights, either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture or to enforce any
other legal or equitable right vested in the Trustee by this Indenture or by law. 
 SECTION 5.5 RESTORATION OF RIGHTS ON
ABANDONMENT OF PROCEEDINGS. In case the Trustee shall have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee,
then and in every such case the Issuer and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Issuer, the Trustee and the Securityholders shall continue as though no
such proceedings had been taken. 
 SECTION 5.6 LIMITATIONS ON SUITS BY SECURITY HOLDERS. No Holder of any Security of
any series or of any Coupon appertaining thereto shall have any right by virtue or by availing of any provision of this Indenture to institute any action or proceeding at law or in equity or in bankruptcy or otherwise upon or under or with respect
to this Indenture or such Security, or for the appointment of a trustee, receiver, liquidator, custodian or other similar official or for any other remedy hereunder or thereunder, unless (a) such Holder previously shall have given to a
Responsible Officer of the Trustee written notice of an Event of Default with respect to Securities of such series and of the continuance thereof, as hereinbefore provided, and (b) the Holders of not less than 25% in aggregate principal amount
of the Securities of such affected series then Outstanding (treated as a single class) shall have made written request upon the Trustee to institute such action or proceedings in its own name as Trustee hereunder and shall have offered to the
Trustee security or indemnity reasonably satisfactory to it against the costs, expenses and liabilities to be incurred therein or thereby, and (c) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity shall
have failed to institute any such action or proceeding, and (d) no direction inconsistent with such written request shall have been given to the Trustee pursuant to Section 5.9; it being understood and intended, and being expressly
covenanted by the taker and Holder of every Security or Coupon with every other taker and Holder and the Trustee, that no one or more Holders of Securities of any series or Coupons appertaining to such Securities shall have any right in any manner
whatever by virtue or by availing of any provision of this Indenture or any Security to affect, disturb or prejudice the rights of any other such taker or Holder of Securities or Coupons appertaining to such Securities, or to obtain or seek to
obtain priority over or preference to any other such taker or Holder or to enforce any right under this Indenture or any Security, except in the manner herein provided and for the equal, ratable and common benefit of all Holders of Securities of the
applicable series and Coupons appertaining to such Securities. For the protection and enforcement of the provisions of this Section, each and every Securityholder and the Trustee shall be entitled to such relief as can be given either at law or in
equity. 
 SECTION 5.7 UNCONDITIONAL RIGHT OF SECURITYHOLDERS TO INSTITUTE CERTAIN SUITS. Notwithstanding any other
provision in this Indenture and 

  
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any provision of any Security, the right of any Holder of any Security or Coupon to receive payment of the principal of and interest on such Security or Coupon on or after the respective due
dates expressed in such Security or Coupon or the applicable redemption dates provided for in such Security, or to institute suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without
the consent of such Holder. 
 SECTION 5.8 POWERS AND REMEDIES CUMULATIVE; DELAY OR OMISSION NOT WAIVER OF DEFAULT.
Except as provided in Section 5.6, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders of Securities or Coupons is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the
extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall
not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 No delay or omission of the
Trustee or of any Holder of Securities or Coupons to exercise any right or power accruing upon any Event of Default occurring and continuing as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such Event of
Default or an acquiescence therein. Every power and remedy given by this Indenture, any Security or law to the Trustee or to the Holders of Securities or Coupons may be exercised from time to time, and as often as shall be deemed expedient, by the
Trustee or, subject to Section 5.6, by the Holders of Securities or Coupons. 
 SECTION 5.9 CONTROL BY HOLDERS OF
SECURITIES. The Holders of a majority in aggregate principal amount of the Securities of each series affected (with each such series voting as a separate class) at the time Outstanding shall have the right to direct the time, method and place of
conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee with respect to the Securities of such series by this Indenture; provided, that such direction shall not be otherwise than
in accordance with law and the provisions of this Indenture; and provided, further, that (subject to the provisions of Section 6.1) the Trustee shall have the right to decline to follow any such direction if (a) the Trustee, being advised
by counsel, shall determine that the action or proceeding so directed may not lawfully be taken; or (b) if the Trustee shall determine in good faith that the action or proceedings so directed would involve the Trustee in personal liability; or
(c) if the Trustee in good faith shall so determine that the actions or forbearances specified in or pursuant to such direction would be unduly prejudicial to the interests of Holders of the Securities of all affected series not joining in the
giving of said direction, it being understood that (subject to Section 6.1) the Trustee shall have no duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders. 

Nothing in this Indenture shall impair the right of the Trustee in its discretion to take any action deemed proper by the Trustee and
which is not inconsistent with such direction or directions by Securityholders. 
 SECTION 5.10 WAIVER OF PAST DEFAULTS.
Prior to the declaration of acceleration of the maturity of the Securities of any series as provided in Section 5.1, the Holders of a majority in aggregate principal amount of the Securities of such series at the time

  
 36 

 
Outstanding (voting as a single class) may on behalf of the Holders of all such Securities waive any past default or Event of Default described in Section 5.1 and its consequences, except a
default in respect of a covenant or provision hereof which cannot be modified or amended without the consent of the Holder of each Security affected. In the case of any such waiver, the Issuer, the Trustee and the Holders of all such Securities
shall be restored to their former positions and rights hereunder, respectively, and such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such
waiver shall extend to any subsequent or other default or impair any right consequent thereon. 
 SECTION 5.11 TRUSTEE TO
GIVE NOTICE OF DEFAULT, BUT MAY WITHHOLD IN CERTAIN CIRCUMSTANCES. The Trustee shall, within ninety days after the occurrence of a default with respect to the Securities of any series, give notice of all defaults with respect to that series
known to the Trustee (i) if any Unregistered Securities of that series are then Outstanding, to the Holders thereof, by publication at least once in an Authorized Newspaper in the Borough of Manhattan, The City of New York and at least once in
an Authorized Newspaper in London (and, if required by Section 3.7, at least once in an Authorized Newspaper in Luxembourg) and (ii) to all Holders of Securities of such series in the manner and to the extent provided in
Section 313(c) of the Trust Indenture Act, unless in each case such defaults shall have been cured before the mailing or publication of such notice (the term “default” for the purpose of this Section being hereby defined to mean any
event or condition which is, or with notice or lapse of time or both would become, an Event of Default); provided, that, except in the case of default in the payment of the principal of or interest on any of the Securities of such series the Trustee
shall be protected in withholding such notice if and so long as it in good faith determines that the withholding of such notice is in the interests of the Securityholders of such series. 

  
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 SECTION 5.12 RIGHT OF COURT TO REQUIRE FILING OF UNDERTAKING TO PAY COSTS. All
parties to this Indenture agree, and each Holder of any Security or Coupon by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this
Indenture or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess
reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this
Section shall not apply to any suit instituted by the Trustee, to any suit instituted by any Securityholder or group of Securityholders of any series holding in the aggregate more than 10% in aggregate principal amount of the Securities of such
series, or, in the case of any suit relating to or arising under clause (c) or (f) of Section 5.1 (if the suit relates to Securities of more than one but less than all series), 10% in aggregate principal amount of Securities then
Outstanding and affected thereby, or in the case of any suit relating to or arising under clause (c) or (f) (if the suit under clause (c) or (f) relates to all the Securities then Outstanding), or (d) or (e) of
Section 5.1, 10% in aggregate principal amount of all Securities then Outstanding, or to any suit instituted by any Securityholder for the enforcement of the payment of the principal of or interest on any Security on or after the due date
expressed in such Security or any date fixed for redemption. 
 ARTICLE VI 

CONCERNING THE TRUSTEE 
 SECTION 6.1 DUTIES AND RESPONSIBILITIES OF THE TRUSTEE; DURING DEFAULT; PRIOR TO DEFAULT. Prior to the occurrence of an Event of Default with respect to the Securities of a particular series and
after the curing or waiving of all Events of Default which may have occurred with respect to such series, the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture with respect to such series
of Securities. In case an Event of Default with respect to the Securities of a series has occurred and has not been cured or waived, the Trustee shall exercise with respect to such series of Securities such of the rights and powers vested in it by
this Indenture with respect to such series of Securities, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 

No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent
failure to act or its own willful misconduct, except that 
 (a) prior to the occurrence of an Event of Default
with respect to the Securities of any series and after the curing or waiving of all such Events of Default with respect to such series which may have occurred: 
 (i) the duties and obligations of the Trustee with respect to the Securities of any series shall be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable
except for the performance of 

  
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such duties and obligations as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(ii) in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon any statements, certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such statements, certificates or
opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture (but need not
confirm or investigate the accuracy of mathematical calculations or other facts stated therein); 
 (b) the
Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and 

(c) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in
accordance with the direction of the Holders pursuant to Section 5.9 relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under
this Indenture. 
 None of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds
or otherwise incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if there shall be reasonable ground for believing that the repayment of such funds or adequate indemnity
against such liability is not reasonably assured to it. 
 The provisions of this Section 6.1 are in furtherance of and
subject to Section 315 of the Trust Indenture Act. 
 SECTION 6.2 CERTAIN RIGHTS OF THE TRUSTEE. In
furtherance of and subject to the Trust Indenture Act, and subject to Section 6.1: 
 (a) the Trustee may
conclusively rely and shall be protected in acting or refraining from acting upon any resolution, Officer’s Certificate or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, note,
coupon, security or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 
 (b) any request, direction, order or demand of the Issuer mentioned herein shall be sufficiently evidenced by an Officer’s Certificate or Issuer Order (unless other evidence in respect thereof is
specifically prescribed herein or in the terms established in respect of any series); and any resolution of the Board of Directors may be evidenced to the Trustee by a copy thereof certified by the secretary or an assistant secretary of the Issuer;

  
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 (c) the Trustee may consult with counsel of its selection, and any advice or
any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted to be taken by it hereunder in good faith and in reliance thereon in accordance with such advice or Opinion of
Counsel; 
 (d) the Trustee shall be under no obligation to exercise any of the trusts or powers vested in it by
this Indenture at the request, order or direction of any of the Securityholders pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee security or indemnity reasonably satisfactory to it against
the costs, expenses and liabilities which might be incurred therein or thereby; 
 (e) the Trustee shall not be
liable for any action taken or omitted by it in good faith and believed by it to be authorized or within the discretion, rights or powers conferred upon it by this Indenture; 

(f) prior to the occurrence of an Event of Default hereunder and after the curing or waiving of all Events of Default, the
Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, appraisal, bond, debenture, note, coupon,
security, or other paper or document unless (i) requested in writing so to do by the Holders of not less than a majority in aggregate principal amount of the Securities of all series affected then Outstanding (treated as one class) or
(ii) otherwise provided in the terms of any series of Securities pursuant to Section 2.3; provided, that, if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the
making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require reasonable security or indemnity satisfactory to it against
such expenses or liabilities as a condition to proceeding; the reasonable expenses of every such investigation shall be paid by the Issuer or, if paid by the Trustee or any predecessor trustee, shall be repaid by the Issuer upon demand; 

(g) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or
through agents or attorneys not regularly in its employ and the Trustee shall not be responsible for any misconduct or negligence on the part of any such agent or attorney appointed with due care by it hereunder; 

(h) the Trustee shall not be deemed to have notice of any Event of Default unless a Responsible Officer of the Trustee has
actual knowledge thereof or unless written notice of any event which is in fact an Event of Default is received by the Trustee at the Corporate Trust Office and such notice references the Securities, the Issuer or this Indenture; 

(i) the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its
right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder; 

  
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 (j) the Trustee may request that the Issuer deliver a certificate setting
forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which certificate may be signed by any person authorized to sign an Officer’s Certificate, including any
person specified as so authorized in any such certificate previously delivered and not superseded; and 
 (k) in
no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the
likelihood of such loss or damage and regardless of the form of action. 
 SECTION 6.3 TRUSTEE NOT RESPONSIBLE FOR RECITALS,
DISPOSITION OF SECURITIES OR APPLICATION OF PROCEEDS THEREOF. The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the Issuer, and the Trustee assumes
no responsibility for the correctness of the same. The Trustee makes no representation as to the validity or sufficiency of this Indenture or of the Securities or Coupons. The Trustee shall not be accountable for the use or application by the Issuer
of any of the Securities or of the proceeds thereof. 
 SECTION 6.4 TRUSTEE AND AGENTS MAY HOLD SECURITIES OR COUPONS;
COLLECTIONS, ETC. The Trustee or any agent of the Issuer or of the Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities or Coupons with the same rights it would have if it were not the Trustee or such
agent and may otherwise deal with the Issuer and receive, collect, hold and retain collections from the Issuer with the same rights it would have if it were not the Trustee or such agent. 

SECTION 6.5 MONEYS HELD BY TRUSTEE. Subject to the provisions of Section 10.4 hereof, all moneys received by the Trustee
shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Trustee nor any
agent of the Issuer or the Trustee shall be under any liability for interest on any moneys received by it hereunder. 

SECTION 6.6 COMPENSATION AND INDEMNIFICATION OF TRUSTEE AND ITS PRIOR CLAIM. The Issuer covenants and agrees to pay to the Trustee
from time to time, and the Trustee shall be entitled to, such compensation as the Issuer and the Trustee shall agree in writing (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust), and
the Issuer covenants and agrees to pay or reimburse the Trustee and each predecessor trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by or on behalf of it in accordance with any of the provisions of
this Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of all agents and other persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its own
negligence or willful misconduct. The Issuer also covenants to indemnify each of the Trustee or any predecessor Trustee and their agents for, and to hold them harmless against, any and all loss, damage, claims, liability or expense, including taxes
(other than taxes based upon, measured by or determined by the income of the Trustee), arising out of or in connection with the acceptance 

  
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or administration of the trust or trusts hereunder, including the costs and expenses of defending itself against any claim (whether asserted by the Issuer, or any Holder or any other Person) or
liability in connection with the exercise or performance of any of its powers or duties hereunder, or in connection with enforcing the provisions of this Section, except to the extent that such loss, damage, claim, liability or expense is determined
to have been caused by its own negligence or willful misconduct. When the Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 5.1(d) or Section 5.1(e), the expenses (including the
reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable bankruptcy, insolvency or other similar law. The obligations of the Issuer under this
Section to compensate and indemnify the Trustee and each predecessor trustee and to pay or reimburse the Trustee and each predecessor trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder and shall
survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee. Such additional indebtedness shall be a senior claim to that of the Securities upon all property and funds held or collected by the Trustee as
such, except funds held in trust for the benefit of the Holders of particular Securities or Coupons, and the Securities are hereby subordinated to such senior claim. 
 SECTION 6.7 RIGHT OF TRUSTEE TO RELY ON OFFICER’S CERTIFICATE, ETC. Subject to Sections 6.1 and 6.2, whenever in the administration of the trusts of this Indenture the Trustee shall deem it
necessary or desirable that a matter be proved or established prior to taking or suffering or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence
or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officer’s Certificate delivered to the Trustee, and such certificate, in the absence of negligence or willful misconduct on the part of the
Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this Indenture upon the faith thereof. 
 SECTION 6.8 INDENTURES NOT CREATING POTENTIAL CONFLICTING INTERESTS FOR THE TRUSTEE. The following indentures are hereby specifically described for the purposes of Section 310(b)(1) of the
Trust Indenture Act: this Indenture with respect to series of Securities that are of an equal priority and the indenture between the Issuer and The Bank of New York Trust Company, N.A., dated as of March 5, 2007, as supplemented by the First
Supplemental Indenture between the Issuer, Wells Fargo Bank, National Association and The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.), dated as of February 28, 2011, in each case with
respect to any series of securities thereunder that are of an equal priority to any series of the Securities. 
 SECTION 6.9
QUALIFICATION OF TRUSTEE: CONFLICTING INTERESTS. The Trustee shall comply with Section 310(b) of the Trust Indenture Act. 
 SECTION 6.10 PERSONS ELIGIBLE FOR APPOINTMENT AS TRUSTEE. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized and doing business
under the laws of the United States of America, any State thereof or the District of Columbia, having a combined capital and 

  
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surplus of at least $50,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state or District of Columbia
authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of
such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section,
the Trustee shall resign immediately in the manner and with the effect specified in Section 6.11. 
 The provisions of this
Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act. 
 SECTION 6.11
RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR TRUSTEE. (a) The Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to one or more or all series of Securities by giving written notice of
resignation to the Issuer and (i) if any Unregistered Securities of a series affected are then Outstanding, by giving notice of such resignation to the Holders thereof, by publication at least once in an Authorized Newspaper in the Borough of
Manhattan, The City of New York, and at least once in an Authorized Newspaper in London (and, if required by Section 3.7, at least once in an Authorized Newspaper in Luxembourg), (ii) if any Unregistered Securities of a series affected are
then Outstanding, by mailing notice of such resignation to the Holders thereof who have filed their names and addresses with the Trustee pursuant to Section 313(c)(2) of the Trust Indenture Act at such addresses as were so furnished to the
Trustee and (iii) by mailing notice of such resignation to the Holders of then Outstanding Registered Securities of each series affected at their addresses as they shall appear on the registry books. Upon receiving such notice of resignation,
the Issuer shall promptly appoint a successor trustee or trustees with respect to the applicable series by written instrument in duplicate, executed by authority of the Board of Directors, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the successor trustee or trustees. If no successor trustee shall have been so appointed with respect to any series and have accepted appointment within 30 days after the mailing of such notice of resignation, the
resigning trustee may petition any court of competent jurisdiction at the expense of the Issuer for the appointment of a successor trustee, or any Securityholder who has been a bona fide Holder of a Security or Securities of the applicable series
for at least six months may, subject to the provisions of Section 5.12, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if
any, as it may deem proper and prescribe, appoint a successor trustee. 
 (b) In case at any time any of the
following shall occur: 
 (i) the Trustee shall fail to comply with the provisions of Section 310(b) of the
Trust Indenture Act with respect to any series of Securities after written request therefor by the Issuer or by any Securityholder who has been a bona fide Holder of a Security or Securities of such series for at least six months; or 

  
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 (ii) the Trustee shall cease to be eligible in accordance with the
provisions of Section 6.10 and Section 310(a) of the Trust Indenture Act and shall fail to resign after written request therefor by the Issuer or by any Securityholder who has been a bona fide Holder of a Security or Securities of such
series for at least six months; or 
 (iii) the Trustee shall become incapable of acting with respect to any
series of Securities, or shall be adjudged bankrupt or insolvent, or a receiver or liquidator of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for
the purpose of rehabilitation, conservation or liquidation; 
 then, in any such case, the Issuer may remove the Trustee with respect to the
applicable series of Securities and appoint a successor trustee for such series by written instrument, in duplicate, executed by order of the Board of Directors of the Issuer, one copy of which instrument shall be delivered to the Trustee so removed
and one copy to the successor trustee, or, subject to the provisions of Section 315(e) of the Trust Indenture Act, any Securityholder who has been a bona fide Holder of a Security or Securities of such series for at least six months may on
behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee with respect to such series. Such court may thereupon, after such notice, if
any, as it may deem proper and so prescribe, remove the Trustee and appoint a successor trustee. 
 (c) The
Holders of a majority in aggregate principal amount of the Securities of each series at the time outstanding may at any time remove the Trustee with respect to Securities of such series and appoint a successor trustee with respect to the Securities
of such series by delivering to the Trustee so removed, to the successor trustee so appointed and to the Issuer the evidence provided for in Section 7.1 of the action in that regard taken by the Securityholders. 

(d) Any resignation or removal of the Trustee with respect to any series and any appointment of a successor trustee with
respect to such series pursuant to any of the provisions of this Section 6.11 shall become effective upon acceptance of appointment by the successor trustee as provided in Section 6.12. 

SECTION 6.12 ACCEPTANCE OF APPOINTMENT BY SUCCESSOR TRUSTEE. Any successor trustee appointed as provided in Section 6.11
shall execute and deliver to the Issuer and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become
effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named
as trustee for such series hereunder; but, nevertheless, on the written request of the Issuer or of the successor trustee, upon payment of its charges then unpaid, the trustee ceasing to act shall, subject to Section 10.4, pay over to the
successor trustee all moneys at the time held by it hereunder and shall execute and deliver an instrument transferring to such successor trustee all such rights, powers, duties and obligations. Upon request of any such successor trustee, the

  
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Issuer shall execute any and all instruments in writing for more fully and certainly vesting in and confirming to such successor trustee all such rights and powers. Any trustee ceasing to act
shall, nevertheless, retain a prior claim upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 6.6. 

If a successor trustee is appointed with respect to the Securities of one or more (but not all) series, the Issuer, the predecessor
trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all
the rights, powers, trusts and duties of the predecessor trustee with respect to the Securities of any series as to which the predecessor trustee is not retiring shall continue to be vested in the predecessor trustee, and shall add to or change any
of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute
such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts under separate indentures. 
 No successor trustee with respect to any series of Securities shall accept appointment as provided in this Section 6.12 unless at the time of such acceptance such successor trustee shall be qualified
under Section 310(b) of the Trust Indenture Act and eligible under the provisions of Section 6.10. 
 Upon acceptance
of appointment by any successor trustee as provided in this Section 6.12, the Issuer shall give notice thereof (a) if any Unregistered Securities of a series affected are then Outstanding, to the Holders thereof, by publication of such
notice at least once in an Authorized Newspaper in the Borough of Manhattan, The City of New York and at least once in an Authorized Newspaper in London (and, if required by Section 3.7, at least once in an Authorized Newspaper in Luxembourg),
(b) if any Unregistered Securities of a series affected are then Outstanding, to the Holders thereof who have filed their names and addresses with the Trustee pursuant to Section 313(c)(2) of the Trust Indenture Act, by mailing such notice
to such Holders at such addresses as were so furnished to the Trustee (and the Trustee shall make such information available to the Issuer for such purpose) and (c) to the Holders of Registered Securities of each series affected, by mailing
such notice to such Holders at their addresses as they shall appear on the registry books. If the acceptance of appointment is substantially contemporaneous with the resignation, then the notice called for by the preceding sentence may be combined
with the notice called for by Section 6.11. If the Issuer fails to give such notice within ten days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be given at the expense of the
Issuer. 
 SECTION 6.13 MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS OF TRUSTEE. Any corporation or
banking association into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation or banking association resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or
any corporation or banking association succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided, that such corporation or banking association shall be qualified
under Section 310(b) of the Trust Indenture Act and eligible under the provisions of Section 6.10, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary
notwithstanding. 

  
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 In case at the time such successor to the Trustee shall succeed to the trusts created by
this Indenture any of the Securities of any series shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee and deliver such Securities so
authenticated; and, in case at that time any of the Securities of any series shall not have been authenticated, any such successor to the Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the name of the
successor Trustee; and in all such cases such certificate of authentication shall have the full force which under this Indenture or the Securities of such series it is provided that the certificate of authentication of the Trustee shall have;
provided, that the right to adopt the certificate of authentication of any predecessor trustee or to authenticate Securities of any series in the name of any predecessor trustee shall apply only to its successor or successors by merger, conversion
or consolidation. 
 SECTION 6.14 PREFERENTIAL COLLECTION OF CLAIMS AGAINST THE ISSUER. The Trustee shall comply with
Section 311(a) of the Trust Indenture Act, excluding any creditor relationship listed in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture
Act to the extent indicated. 
 SECTION 6.15 APPOINTMENT OF AUTHENTICATING AGENT. As long as any Securities of a series
remain Outstanding, the Trustee may, by an instrument in writing, appoint with the approval of the Issuer an authenticating agent (the “Authenticating Agent”) which shall be authorized to act on behalf of the Trustee to authenticate
Securities, including Securities issued upon exchange, registration of transfer, partial redemption or pursuant to Section 2.9. Securities of each such series authenticated by such Authenticating Agent shall be entitled to the benefits of this
Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee. Whenever reference is made in this Indenture to the authentication and delivery of Securities of any series by the Trustee or to the Trustee’s
Certificate of Authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent for such series and a Certificate of Authentication executed on behalf of the Trustee by such
Authenticating Agent. Such Authenticating Agent shall at all times be a corporation organized and doing business under the laws of the United States of America or of any State, authorized under such laws to exercise corporate trust powers, having a
combined capital and surplus of at least $45,000,000 (determined as provided in Section 6.10 with respect to the Trustee) and subject to supervision or examination by Federal or state authority. 

Any corporation into which any Authenticating Agent may be merged or converted, or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which any Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency business of any Authenticating Agent, shall continue to be the Authenticating Agent with
respect to all series of Securities for which it served as Authenticating Agent without the execution or filing of any paper or any further act on the part of the Trustee or such Authenticating Agent. Any Authenticating Agent may at any time, and if
it shall cease to be eligible shall, resign by giving written notice of resignation to the Trustee and to the Issuer. 

  
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 Upon receiving such a notice of resignation or upon such a termination, or in case at any
time any Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 6.15 with respect to one or more series of Securities, the Trustee shall upon receipt of an Issuer Order appoint a successor
Authenticating Agent, and the Issuer shall provide notice of such appointment to all Holders of Securities of such series in the manner and to the extent provided in Section 11.4. Any successor Authenticating Agent upon acceptance of its
appointment hereunder shall become vested with all rights, powers, duties and responsibilities of its predecessor hereunder, with like effect as if originally named as Authenticating Agent. The Issuer agrees to pay to the Authenticating Agent for
such series from time to time reasonable compensation. The Authenticating Agent for the Securities of any series shall have no responsibility or liability for any action taken by it as such at the direction of the Trustee. 

Sections 6.2, 6.3, 6.4, 6.6 and 7.3 shall be applicable to any Authenticating Agent. 

ARTICLE VII 
 CONCERNING THE SECURITYHOLDERS 
 SECTION 7.1 EVIDENCE OF ACTION TAKEN BY
SECURITYHOLDERS. Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by a specified percentage in principal amount of the Securityholders of any or all series may
be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such specified percentage of Securityholders in person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such
action shall become effective when such instrument or instruments are delivered to the Trustee. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to
Sections 6.1 and 6.2) conclusive in favor of the Trustee and the Issuer, if made in the manner provided in this Article. 

SECTION 7.2 PROOF OF EXECUTION OF INSTRUMENTS AND OF HOLDING OF SECURITIES. Subject to Sections 6.1 and 6.2, the execution of any
instrument by a Securityholder or his agent or proxy may be proved in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee. The holding of Registered
Securities shall be proved by the Security register or by a certificate of the Registrar thereof. 
 SECTION 7.3 HOLDERS TO
BE TREATED AS OWNERS. The Issuer, the Trustee and any agent of the Issuer or the Trustee may deem and treat the person in whose name any Security shall be registered upon the Security register for such series as the absolute owner of such
Security (whether or not such Security shall be overdue and notwithstanding any notation of ownership or other writing thereon) for the purpose of receiving payment of or on account of the principal of and, subject to the provisions of this
Indenture, interest on such Security and for all other purposes; and neither the Issuer nor the Trustee nor any agent of the Issuer or the 

  
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Trustee shall be affected by any notice to the contrary. The Issuer, the Trustee and any agent of the Issuer or the Trustee may treat the Holder of any Unregistered Security and the Holder of any
Coupon as the absolute owner of such Unregistered Security or Coupon (whether or not such Unregistered Security or Coupon shall be overdue) for the purpose of receiving payment thereof or on account thereof and for all other purposes, and neither
the Issuer, the Trustee, nor any agent of the Issuer or the Trustee shall be affected by any notice to the contrary. All such payments so made to any such person, or upon his order, shall be valid, and, to the extent of the sum or sums so paid,
effectual to satisfy and discharge the liability for moneys payable upon any such Unregistered Security or Coupon. 
 SECTION
7.4 SECURITIES OWNED BY ISSUER DEEMED NOT OUTSTANDING. In determining whether the Holders of the requisite aggregate principal amount of Outstanding Securities of any or all series have concurred in any request, demand, authorization, direction,
notice, consent, waiver or other action by Securityholders under this Indenture, Securities which are owned by the Issuer or any other obligor on the Securities with respect to which such determination is being made or by any person directly or
indirectly controlling or controlled by or under direct or indirect common control with the Issuer or any other obligor on the Securities with respect to which such determination is being made shall be disregarded and deemed not to be Outstanding
for the purpose of any such determination, except that for the purpose of determining whether the Trustee shall be protected in relying on any such action only Securities which a Responsible Officer of the Trustee actually knows are so owned shall
be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the
pledgee is not the Issuer or any other obligor upon the Securities or any person directly or indirectly controlling or controlled by or under direct or indirect common control with the Issuer or any other obligor on the Securities. In case of a
dispute as to such right, the advice of counsel shall be full protection in respect of any decision made by the Trustee in accordance with such advice. Upon request of the Trustee, the Issuer shall furnish to the Trustee promptly an Officer’s
Certificate listing and identifying all Securities, if any, known by the Issuer to be owned or held by or for the account of any of the above-described persons; and, subject to Sections 6.1 and 6.2, the Trustee shall be entitled to accept such
Officer’s Certificate as conclusive evidence of the facts therein set forth and of the fact that all Securities not listed therein are Outstanding for the purpose of any such determination. 

SECTION 7.5 RIGHT OF REVOCATION OF ACTION TAKEN. At any time prior to (but not after) the evidencing to the Trustee, as provided
in Section 7.1, of the taking of any action by the Holders of the percentage in aggregate principal amount of the Securities of any or all series, as the case may be, specified in this Indenture in connection with such action, any Holder of a
Security the serial number of which is shown by the evidence to be included among the serial numbers of the Securities the Holders of which have consented to such action may, by filing written notice at the Corporate Trust Office and upon proof of
holding as provided in this Article, revoke such action so far as concerns such Security. Except as aforesaid, any such action taken by the Holder of any Security shall be conclusive and binding upon such Holder and upon all future Holders and
owners of such Security and of any Securities issued in exchange or substitution therefor or on registration of transfer thereof, irrespective of whether or not any notation in regard thereto is made upon any such Security. Any action taken by the

  
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Holders of the percentage in aggregate principal amount of the Securities of any or all series, as the case may be, specified in this Indenture in connection with such action shall be
conclusively binding upon the Issuer, the Trustee and the Holders of all the Securities affected by such action. 
 ARTICLE
VIII 
 SUPPLEMENTAL INDENTURES 
 SECTION 8.1 SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF SECURITYHOLDERS. The Issuer, when authorized by a Board Resolution (which resolution may provide general terms or parameters for such action
and may provide that the specific terms of such action may be determined in accordance with or pursuant to an Issuer Order), and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto for one or
more of the following purposes: 
 (a) to convey, transfer, assign, mortgage or pledge to the Trustee as security
for the Securities of one or more series any property or assets; 
 (b) to evidence the succession of another
corporation to the Issuer, or successive successions, and the assumption by the successor corporation of the covenants, agreements and obligations of the Issuer pursuant to Article IX; 

(c) to add to the covenants of the Issuer such further covenants, restrictions, conditions or provisions as the Issuer and
the Trustee shall consider to be for the protection of the Holders of Securities or Coupons, and to make the occurrence, or the occurrence and continuance, of a default in any such additional covenants, restrictions, conditions or provisions an
Event of Default permitting the enforcement of all or any of the several remedies provided in this Indenture as herein set forth; provided, that in respect of any such additional covenant, restriction, condition or provision such supplemental
indenture may provide for a particular period of grace after default (which period may be shorter or longer than that allowed in the case of other defaults) or may provide for an immediate enforcement upon such an Event of Default or may limit the
remedies available to the Trustee upon such an Event of Default or may limit the right of the Holders of a majority in aggregate principal amount of the Securities of such series to waive such an Event of Default; 

(d) to cure any ambiguity or to correct or supplement any provision contained herein or in any supplemental indenture
which may be defective or inconsistent with any other provision contained herein or in any supplemental indenture, or to make any other provisions as the Issuer may deem necessary or desirable, provided, that no such action shall adversely affect
the interests of the Holders of the Securities or Coupons; 
 (e) to establish the forms or terms of Securities
of any series or of the Coupons appertaining to such Securities as permitted by Sections 2.1 and 2.3; 
 (f) to
evidence and provide for the acceptance of appointment hereunder by a successor trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or
facilitate the administration of the trusts hereunder by more than one trustee, pursuant to the requirements of Section 6.12; and 

  
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 (g) to change or eliminate any of the provisions of this Indenture, or to
add any new provision to this Indenture, in respect of one or more series of Securities; provided, however, that any such change, elimination or addition shall not apply to any Security Outstanding on the date of such indenture supplemental hereto.

 The Trustee is hereby authorized to join with the Issuer in the execution of any such supplemental indenture, to make any
further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder, but the Trustee shall not be obligated to enter into any such
supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

Any supplemental indenture authorized by the provisions of this Section may be executed without the consent of the Holders of any of the
Securities at the time outstanding, notwithstanding any of the provisions of Section 8.2. 
 SECTION 8.2 SUPPLEMENTAL
INDENTURES WITH CONSENT OF SECURITYHOLDERS. 
 (A) Except as set forth in paragraph (C) below, with the
consent (evidenced as provided in Article VII) of the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding of all series of Senior Securities affected by such supplemental indenture (voting as
one class), the Issuer, when authorized by a Board Resolution (which resolution may provide general terms or parameters for such action and may provide that the specific terms of such action may be determined in accordance with or pursuant to an
Issuer Order), and the Trustee may, from time to time and at any time, enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as in force and effect at the date of execution
thereof) for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the Securities of each
such series or of the Coupons appertaining to such Securities. 
 (B) Except as set forth in paragraph
(C) below, with the consent (evidenced as provided in Article VII) of the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding of all series of Subordinated Securities affected by such
supplemental indenture (voting as one class), the Issuer, when authorized by a Board Resolution (which resolution may provide general terms or parameters for such action and may provide that the specific terms of such action may be determined in
accordance with or pursuant to an Issuer Order), and the Trustee may, from time to time and at any time, enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as in force and
effect at the date of execution thereof) for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the
Holders of the Securities of each such series or of the Coupons appertaining to such Securities. 

  
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 (C) No such supplemental indenture shall (i) extend the final maturity
of any Security, or reduce the principal amount thereof, or premium thereon, if any, or reduce the rate or extend the time of payment of interest thereon, or reduce any amount payable on redemption thereof, or make the principal thereof (including
any amount in respect of original issue discount), or premium thereon, if any, or interest thereon payable in any coin or currency other than that provided in the Securities and Coupons or in accordance with the terms thereof, or reduce the amount
of the principal of an Original Issue Discount Security that would be due and payable upon an acceleration of the maturity thereof pursuant to Section 5.1 or the amount thereof provable in bankruptcy pursuant to Section 5.2, or in the case
of Subordinated Securities of any series, modify any of the Subordination Provisions or the definition of “Senior Indebtedness” relating to such series in a manner adverse to the holders of such Subordinated Securities, or alter the
provisions of Section 11.11 or 11.12 or impair or affect the right of any Securityholder to institute suit for the payment thereof when due or, if the Securities provide therefor, any right of repayment at the option of the Securityholder, in
each case without the consent of the Holder of each Security so affected, or (ii) reduce the aforesaid percentage of Securities of any series, the consent of the Holders of which is required for any such supplemental indenture, without the
consent of the Holders of each Security so affected. 
 (D) A supplemental indenture which changes or eliminates
any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of Holders of Securities of such series, or of Coupons
appertaining to such Securities, with respect to such covenant or provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series or of the Coupons appertaining to such Securities.

 Upon the request of the Issuer, accompanied by a copy of a resolution of the Board of Directors (which resolution may provide
general terms or parameters for such action and may provide that the specific terms of such action may be determined in accordance with or pursuant to an Issuer Order) certified by the secretary or an assistant secretary of the Issuer authorizing
the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of the Holders of the Securities as aforesaid and other documents, if any, required by Section 8.4, the Trustee shall join with
the Issuer in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall
not be obligated to, enter into such supplemental indenture. 
 It shall not be necessary for the consent of the Securityholders
under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 
 Promptly after the execution by the Issuer and the Trustee of any supplemental indenture pursuant to the provisions of this Section, the Issuer or, at the Issuer’s written request,

  
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the Trustee shall give notice thereof (i) to the Holders of then Outstanding Registered Securities of each series affected thereby, by mailing a notice thereof by first-class mail to such
Holders at their addresses as they shall appear on the Security register, (ii) if any Unregistered Securities of a series affected thereby are then Outstanding, to the Holders thereof who have filed their names and addresses with the Trustee
pursuant to Section 313(c)(2) of the Trust Indenture Act, by mailing a notice thereof by first-class mail to such Holders at such addresses as were so furnished to the Trustee and (iii) if any Unregistered Securities of a series affected
thereby are then Outstanding, to all Holders thereof, by publication of a notice thereof at least once in an Authorized Newspaper in the Borough of Manhattan, The City of New York and at least once in an Authorized Newspaper in London (and, if
required by Section 3.7, at least once in an Authorized Newspaper in Luxembourg), and in each case such notice shall set forth in general terms the substance of such supplemental indenture. Any failure of the Issuer to give such notice or cause
such notice to be given, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 
 SECTION 8.3 EFFECT OF SUPPLEMENTAL INDENTURE. Upon the execution of any supplemental indenture pursuant to the provisions hereof, this Indenture shall be and be deemed to be modified and amended in
accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Issuer and the Holders of Securities of each series affected thereby shall thereafter be determined,
exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for
any and all purposes. 
 SECTION 8.4 DOCUMENTS TO BE GIVEN TO TRUSTEE. The Trustee, subject to the provisions of Sections
6.1 and 6.2, shall be provided with an Officer’s Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article VIII complies with the applicable provisions of this Indenture and
is the valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms, subject to customary exceptions. 
 SECTION 8.5 NOTATION ON SECURITIES IN RESPECT OF SUPPLEMENTAL INDENTURES. Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to the
provisions of this Article may bear a notation in form approved by the Trustee for such series as to any matter provided for by such supplemental indenture or as to any action taken by Securityholders. If the Issuer shall so determine, subject to
compliance with Section 2.4, new Securities of any series so modified as to conform to any modification of this Indenture contained in any such supplemental indenture may be prepared by the Issuer, authenticated by the Trustee and delivered in
exchange for the Securities of such series then Outstanding. Failure to make the appropriate notation or issue such new Securities shall not affect the validity and effect of such supplemental indenture. 

  
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 ARTICLE IX 
 CONSOLIDATION, MERGER, SALE OR CONVEYANCE 
 SECTION 9.1 ISSUER MAY
CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS. The Issuer shall not consolidate with or merge into any other Person or transfer or lease its properties and assets substantially as an entirety to any Person, and the Issuer shall not permit any other
Person to consolidate with or merge into the Issuer, unless: 
 (a) either the Issuer shall be the continuing
corporation, or the successor corporation or Person (if other than the Issuer) formed by such consolidation or into which the Issuer is merged or to which the properties and assets of the Issuer substantially as an entirety are transferred or leased
is a corporation, limited liability company or limited partnership organized or existing under the laws of the United States, any state of the United States or the District of Columbia, and if such entity is not a corporation, a co-obligor of the
Securities is a corporation organized or existing under any such laws, and such successor corporation or Person, including such co-obligor, if any, shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee,
in form satisfactory to the Trustee, all the obligations of the Issuer under the Securities and this Indenture; and 
 (b) immediately after giving effect to such transaction and treating any indebtedness which becomes an obligation of the Issuer or a Subsidiary as a result of such transaction as having been incurred by
the Issuer or such Subsidiary at the time of such transaction, no Event of Default, and no event which, after notice or lapse of time or both, would become an Event of Default, shall have happened and be continuing. 

SECTION 9.2 SUCCESSOR CORPORATION SUBSTITUTED. The successor corporation formed by such consolidation or into which the Issuer is
merged or to which such transfer or lease is made shall succeed to and be substituted for, and may exercise every right and power of, the Issuer under this Indenture with the same effect as if such successor corporation had been named as the Issuer
herein, and thereafter (except in the case of a lease to another Person) the predecessor corporation shall be relieved of all obligations and covenants under the Indenture and the Securities and, in the event of such conveyance or transfer, any such
predecessor corporation may be dissolved and liquidated. 
 SECTION 9.3 OPINION OF COUNSEL TO BE GIVEN TO TRUSTEE. The
Trustee, subject to the provisions of Sections 6.1 and 6.2, shall be provided with an Opinion of Counsel as conclusive evidence that any such consolidation, merger, sale or conveyance, and any such assumption, complies with the provisions of this
Article IX. 
 ARTICLE X 
 SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS 
 SECTION 10.1
SATISFACTION AND DISCHARGE OF INDENTURE. 
 (A) If at any time (i) the Issuer shall have paid or caused to be paid the
principal of and interest on all the Securities of any series Outstanding hereunder and all unmatured Coupons appertaining thereto (other than Securities of such series and Coupons appertaining thereto which have been destroyed, lost or stolen and
which have been replaced or 

  
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paid as provided in Section 2.9) as and when the same shall have become due and payable, or (ii) the Issuer shall have delivered to the Trustee for cancellation all Securities of any
series theretofore authenticated and all unmatured Coupons appertaining thereto (other than any Securities of such series and Coupons appertaining thereto which shall have been destroyed, lost or stolen and which shall have been replaced or paid as
provided in Section 2.9) or (iii) in the case of any series of Securities where the exact amount (including the currency of payment) of principal of and interest due on which can be determined at the time of making the deposit referred to
in clause (b) below, (a) all the Securities of such series and all unmatured Coupons appertaining thereto not theretofore delivered to the Trustee for cancellation shall have become due and payable, or are by their terms to become due and
payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and (b) the Issuer shall have irrevocably deposited or caused to be deposited with
the Trustee as trust funds in trust the entire amount in (i) cash (other than moneys repaid by the Trustee or any paying agent to the Issuer in accordance with Section 10.4), (ii) in the case of any series of Securities the payments
on which may only be made in Dollars, direct obligations of the United States of America, backed by its full faith and credit (“U.S. Government Obligations”), maturing as to principal and interest at such times and in such amounts as will
insure the availability of cash sufficient to pay at such maturity or upon such redemption, as the case may be, or (iii) a combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee, to pay (x) the principal and interest on all Securities of such series and Coupons appertaining thereto on each date that such principal or interest is due and payable and
(y) any mandatory sinking fund payments on the dates on which such payments are due and payable in accordance with the terms of the Indenture and the Securities of such series; and if, in any such case, the Issuer shall also pay or cause to be
paid all other sums payable hereunder by the Issuer, then this Indenture shall cease to be of further effect (except as to (i) rights of registration of transfer and exchange of Securities of such Series and of Coupons appertaining thereto
pursuant to Section 2.8 and the Issuer’s right of optional redemption, if any, (ii) substitution of mutilated, defaced, destroyed, lost or stolen Securities or Coupons, (iii) rights of holders of Securities and Coupons
appertaining thereto to receive payments of principal thereof and interest thereon, upon the original stated due dates therefor (but not upon acceleration), and remaining rights of the Holders to receive mandatory sinking fund payments, if any,
(iv) any optional redemption rights of such series of Securities to the extent to be exercised to make such call for redemption within one year, (v) the rights, obligations, duties and immunities of the Trustee hereunder, including those
under Section 6.6, (vi) the rights of the Holders of Securities of such series and Coupons appertaining thereto as beneficiaries hereof with respect to the property so deposited with the Trustee payable to all or any of them, and
(vii) the obligations of the Issuer under Section 3.2) and the Trustee, on demand of the Issuer accompanied by an Officer’s Certificate and an Opinion of Counsel and at the cost and expense of the Issuer, shall execute proper
instruments acknowledging such satisfaction of and discharging this Indenture; provided, that the rights of Holders of the Securities and Coupons to receive amounts in respect of principal of and interest on the Securities and Coupons held by them
shall not be delayed longer than required by then-applicable mandatory rules or policies of any securities exchange upon which the Securities are listed. The Issuer agrees to reimburse the Trustee for any costs or expenses thereafter reasonably and
properly incurred and to compensate the Trustee for any services thereafter reasonably and properly rendered by the Trustee in connection with this Indenture or the Securities of such series. 

  
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 (B) The following provisions shall apply to the Securities of each series unless
specifically otherwise provided in a Board Resolution, Officer’s Certificate or indenture supplemental hereto provided pursuant to Section 2.3. In addition to discharge of the Indenture pursuant to the next preceding paragraph, in the case
of any series of Securities the exact amounts (including the currency of payment) of principal of and interest due on which can be determined at the time of making the deposit referred to in clause (a) below, the Issuer shall be deemed to have
paid and discharged the entire indebtedness on all the Securities of such a series and the Coupons appertaining thereto on the date of the deposit referred to in subparagraph (a) below, and the provisions of this Indenture with respect to the
Securities of such series and Coupons appertaining thereto shall no longer be in effect (except as to (i) rights of registration of transfer and exchange of Securities of such series and of Coupons appertaining thereto pursuant to
Section 2.8 and the Issuer’s right of optional redemption, if any, (ii) substitution of mutilated, defaced, destroyed, lost or stolen Securities or Coupons, (iii) rights of Holders of Securities and Coupons appertaining thereto
to receive payments of principal thereof and interest thereon, upon the original stated due dates therefor (but not upon acceleration), and remaining rights of the Holders to receive mandatory sinking fund payments, if any, (iv) any optional
redemption rights of such series of Securities to the extent to be exercised to make such call for redemption within one year, (v) the rights, obligations, duties and immunities of the Trustee hereunder, (vi) the rights of the Holders of
Securities of such series and Coupons appertaining thereto as beneficiaries hereof with respect to the property so deposited with the Trustee payable to all or any of them and (vii) the obligations of the Issuer under Section 3.2) and the
Trustee, at the expense of the Issuer, shall at the Issuer’s request, execute proper instruments acknowledging the same, if 
 (a) with reference to this provision the Issuer has irrevocably deposited or caused to be irrevocably deposited with the Trustee as trust funds in trust, specifically pledged as security for, and
dedicated solely to, the benefit of the Holders of the Securities of such series and Coupons appertaining thereto (i) cash in an amount, or (ii) in the case of any series of Securities the payments on which may only be made in Dollars,
U.S. Government Obligations, maturing as to principal and interest at such times and in such amounts as will insure the availability of cash or (iii) a combination thereof, sufficient, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay (A) the principal and interest on all Securities of such series and Coupons appertaining thereto on each date that such principal or
interest is due and payable and (b) any mandatory sinking fund payments on the dates on which such payments are due and payable in accordance with the terms of the Indenture and the Securities of such series; 

(b) such deposit will not result in a breach or violation of, or constitute a default under, any agreement or instrument
to which the Issuer is a party or by which it is bound; 
 (c) the Issuer has delivered to the Trustee an Opinion
of Counsel based on the fact that (x) the Issuer has received from, or there has been published by, the IRS a ruling 

  
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or (y) since the date hereof, there has been a change in the applicable United States Federal income tax law, in either case to the effect that, and such opinion shall confirm that, the
Holders of the Securities of such series and Coupons appertaining thereto will not recognize income, gain or loss for United States Federal income tax purposes as a result of such deposit, defeasance and discharge and will be subject to United
States Federal income tax on the same amount and in the same manner and at the same times, as would have been the case if such deposit, defeasance and discharge had not occurred; and 

(d) the Issuer has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all
conditions precedent provided for relating to the defeasance contemplated by this provision have been complied with. 
 (C) The
Issuer shall be released from its obligations under Sections 3.6 and 9.1 and unless otherwise provided for in the Board Resolution, Officer’s Certificate or Indenture supplemental hereto establishing such series of Securities, from all
covenants and other obligations referred to in Section 2.3(19) or 2.3(21) with respect to such series of Securities, and any Coupons appertaining thereto, outstanding on and after the date the conditions set forth below are satisfied
(hereinafter, “covenant defeasance”). For this purpose, such covenant defeasance means that, with respect to the Outstanding Securities of any series, the Issuer may omit to comply with and shall have no liability in respect of any term,
condition or limitation set forth in such Section, whether directly or indirectly by reason of any reference elsewhere herein to such Section or by reason of any reference in such Section to any other provision herein or in any other document and
such omission to comply shall not constitute an Event of Default under Section 5.1, but the remainder of this Indenture and such Securities and Coupons shall be unaffected thereby. The following shall be the conditions to application of this
subsection C of this Section 10.1: 
 (a) The Issuer has irrevocably deposited or caused to be deposited
with the Trustee as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the holders of the Securities of such series and coupons appertaining thereto,
(i) cash in an amount, or (ii) in the case of any series of Securities the payments on which may only be made in Dollars, U.S. Government Obligations maturing as to principal and interest at such times and in such amounts as will insure
the availability of cash or (iii) a combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay (A) the
principal and interest on all Securities of such series and Coupons appertaining thereof and (B) any mandatory sinking fund payments on the day on which such payments are due and payable in accordance with the terms of the Indenture and the
Securities of such series; 
 (b) No Event of Default or event which with notice or lapse of time or both would
become an Event of Default with respect to the Securities shall have occurred and be continuing on the date of such deposit; 

  
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 (c) Such covenant defeasance shall not cause the Trustee to have a
conflicting interest as defined in Section 6.9 and for purposes of the Trust Indenture Act with respect to any securities of the Issuer; 
 (d) Such covenant defeasance shall not result in a breach or violation of, or constitute a default under any agreement or instrument to which the Issuer is a party or by which it is bound; 

(e) Such covenant defeasance shall not cause any Securities then listed on any registered national securities exchange
under the Exchange Act to be delisted; 
 (f) The Issuer shall have delivered to the Trustee an Officer’s
Certificate and Opinion of Counsel to the effect that the Holders of the Securities of such series and Coupons appertaining thereto will not recognize income, gain or loss for United States Federal income tax purposes as a result of such covenant
defeasance and will be subject to United States Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred; and 

(g) The Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating
that all conditions precedent provided for relating to the covenant defeasance contemplated by this provision have been complied with. 
 SECTION 10.2 APPLICATION BY TRUSTEE OF FUNDS DEPOSITED FOR PAYMENT OF SECURITIES. Subject to Section 10.4, all moneys deposited with the Trustee (or other trustee) pursuant to
Section 10.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons
appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the
extent required by law. 
 SECTION 10.3 REPAYMENT OF MONEYS HELD BY PAYING AGENT. In connection with the satisfaction and
discharge of this Indenture with respect to Securities of any series, all moneys then held by any paying agent under the provisions of this Indenture with respect to such series of Securities shall, upon demand of the Issuer, be repaid to it or paid
to the Trustee and thereupon such paying agent shall be released from all further liability with respect to such moneys. 

SECTION 10.4 RETURN OF MONEYS HELD BY TRUSTEE AND PAYING AGENT UNCLAIMED FOR TWO YEARS. Any moneys deposited with or paid to the
Trustee or any paying agent for the payment of the principal of or interest on any Security of any series and of any Coupons attached thereto and not applied but remaining unclaimed for two years after the date upon which such principal or interest
shall have become due and payable, shall, upon the written request of the Issuer and unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property law, be repaid to the Issuer by the Trustee for such
series or such paying agent, and the Holder of the Securities of such 

  
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series and of any Coupons appertaining thereto shall, unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property laws, thereafter look only to the
Issuer for any payment which such Holder may be entitled to collect, and all liability of the Trustee or any paying agent with respect to such moneys shall thereupon cease; provided, that the Trustee or such paying agent, before being required to
make any such repayment with respect to moneys deposited with it for any payment (a) in respect of Registered Securities of any series, shall at the expense of the Issuer, mail by first-class mail to Holders of such Securities at their
addresses as they shall appear on the Security register, and (b) in respect of Unregistered Securities of any series, shall at the expense of the Issuer cause to the published once, in an Authorized Newspaper in the Borough of Manhattan, The
City of New York and once in an Authorized Newspaper in London (and, if required by Section 3.7, once in an Authorized Newspaper in Luxembourg), notice, that such moneys remain and that, after a date specified therein, which shall not be less
than thirty days from the date of such mailing or publication, any unclaimed balance of such money then remaining will be repaid to the Issuer. 
 SECTION 10.5 INDEMNITY FOR U.S. GOVERNMENT OF OBLIGATIONS. The Issuer shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government
Obligations deposited pursuant to Section 10.1 or the principal or interest received in respect of such obligations. 

SECTION 10.6 EFFECT ON SUBORDINATION PROVISIONS. Unless otherwise expressly established pursuant to Section 2.3 with respect
to the Subordinated Securities of any series, the provisions of Section 11.13 hereof, insofar as they pertain to the Subordinated Securities of such series, and the Subordination Provisions established pursuant to Section 2.3(9) with
respect to such series, are hereby expressly made subject to the provisions for satisfaction and discharge and defeasance and covenant defeasance set forth in Section 10.1 hereof and, anything herein to the contrary notwithstanding, upon the
effectiveness of such satisfaction and discharge and defeasance and covenant defeasance pursuant to Section 10.1 with respect to the Securities of such series, such Securities shall thereupon cease to be so subordinated and shall no longer be
subject to the provisions of Section 11.13 or the Subordination Provisions established pursuant to Section 2.3(9) with respect to such series and, without limitation to the foregoing, all moneys, U.S. Government Obligations and other
securities or property deposited with the Trustee (or other qualifying trustee) in trust in connection with such satisfaction and discharge, defeasance or covenant defeasance, as the case may be, and all proceeds therefrom may be applied to pay the
principal of, premium, if any, and interest, if any, on, and mandatory sinking fund payments, if any, with respect to the Securities of such series as and when the same shall become due and payable notwithstanding the provisions of
Section 11.13 or such Subordination Provisions. 
 ARTICLE XI 

MISCELLANEOUS PROVISIONS 
 SECTION 11.1 INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS OF ISSUER EXEMPT FROM INDIVIDUAL LIABILITY. No recourse under or upon any obligation, covenant or agreement contained in this
Indenture, or in any Security, or because of any indebtedness evidenced thereby, shall be had against any 

  
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incorporator, as such, or against any past, present or future stockholder, officer or director, as such, of the Issuer or of any successor, either directly or through the Issuer or any successor,
under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Securities and
the Coupons, if any, appertaining thereto by the Holders thereof and as part of the consideration for the issue of the Securities and the Coupons appertaining thereto. 
 SECTION 11.2 PROVISIONS OF INDENTURE FOR THE SOLE BENEFIT OF PARTIES AND HOLDERS OF SECURITIES AND COUPONS. Nothing in this Indenture, in the Securities or in the Coupons appertaining thereto,
expressed or implied, shall give or be construed to give to any person, firm or corporation, other than the parties thereto and their successors and the Holders of the Securities or Coupons, if any and, in the case of the Subordinated Securities of
any series, the holders of Senior Indebtedness with respect to such series, any legal or equitable right, remedy or claim under this Indenture or under any covenant or provision herein contained, all such covenants and provisions being for the sole
benefit of the parties hereto and their successors and of the Holders of the Securities or Coupons, if any and, in the case of the Subordinated Securities of any series, the holders of Senior Indebtedness with respect to such series. 

SECTION 11.3 SUCCESSORS AND ASSIGNS OF ISSUER BOUND BY INDENTURE. All the covenants, stipulations, promises and agreements in this
Indenture contained by or in behalf of the Issuer shall bind its successors and assigns, whether so expressed or not. 
 SECTION 11.4 NOTICES AND DEMANDS ON ISSUER, TRUSTEE AND HOLDERS OF SECURITIES AND COUPONS. Any notice or demand which by any provision of this Indenture is required or permitted to be given or
served by the Trustee or by the Holders of Securities or Coupons, if any, to or on the Issuer may be given or served by being deposited postage prepaid, first-class mail (except as otherwise specifically provided herein) addressed (until another
address of the Issuer is filed by the Issuer with the Trustee) to: McKesson Corporation, McKesson Plaza, One Post Street, San Francisco, California 94104, Attention: Secretary, or by being e-mailed or faxed to: Attention: Secretary, e-mail:
corporatesecretary@mckesson.com, Fax No.: (415) 983-8826. Any notice, direction, request or demand by the Issuer or any Holder of Securities or Coupons, if any, to or upon the Trustee shall be deemed to have been sufficiently given or served by
being deposited postage prepaid, first-class mail (except as otherwise specifically provided herein) addressed (until another address of the Trustee is filed by the Trustee with the Issuer) to: Wells Fargo Bank, National Association, 707 Wilshire
Boulevard, 17th Floor, Los Angeles, CA 90017, Attention:
Corporate Trust Department, or by being e-mailed or faxed to: Attention: Corporate Trust Department, e-mail: madeliena.J.Hall@wellsfargo.com, Fax No.: (213) 614-3355. 
 Where this Indenture provides for notice to Holders of Registered Securities, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class
mail, postage prepaid, to each Holder entitled thereto, at his last address as it appears in the Security register. 

  
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 The Trustee agrees to accept and act upon instructions or directions pursuant to this
Indenture sent by e-mail, pdf, facsimile transmission or other similar electronic methods; provided, however, that the Trustee shall have received an Officer’s Certificate (which need not comply with Section 314 of the Trust
Indenture Act or Section 11.5 hereof) listing the names and titles of the persons designated to give such instructions or directions and containing specimen signatures of such designated persons, which certificate shall be amended and replaced
whenever a person is to be added or deleted from the listing. If the Issuer elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee acts upon such instructions, the Trustee’s
understanding of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions that the
Trustee believes, in the absence of negligence or willful misconduct, to be genuine and to have been sent by one of the persons named on the then most recent certificate referred to above notwithstanding that such instructions conflict or are
inconsistent with a subsequent written instruction. The Issuer agrees to assume all risks arising out of the use of such electronic methods to submit the instructions and directions to the Trustee, including without limitation the risk of the
Trustee acting on unauthorized instructions, and the risk of interception and misuse of electronic communications by third parties. 
 Where this Indenture provides for notice to holders of Unregistered Securities, such notice shall be sufficiently given (unless otherwise expressly provided herein) by giving notice to such Holders
(a) by publication of such notice at least once in an Authorized Newspaper in the Borough of Manhattan, The City of New York, and at least once in an Authorized Newspaper in London (and, if required by Section 3.7, once in an Authorized
Newspaper in Luxembourg), and (b) by mailing such notice to the Holders of Unregistered Securities who have filed their names and addresses with the Trustee pursuant to Section 313(c)(2) of the Trust Indenture Act at such addresses as were
so furnished to the Trustee. 
 Notwithstanding any other provision of this Indenture or any Security of any series other than a
provision that expressly states that this paragraph is not applicable to the Securities of such series, when this Indenture or any Security provides for notice of any event (including any notice of redemption) to a Holder of Securities in global
form (whether by mail or otherwise), such notice shall be sufficiently given if given to the Depositary for such Security (or its designee) pursuant to the customary procedures of such Depositary. 

In any case where notice to such Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so
mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the person entitled to receive such notice,
either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver. 
 In case, by reason of the suspension of or irregularities in regular mail service, it shall be
impracticable to mail notice to the Issuer when such notice is required to the given pursuant to any provision of this Indenture, then any manner of giving such notice as shall be reasonably satisfactory to the Trustee shall be deemed to be a
sufficient giving of such notice. 

  
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 SECTION 11.5 OFFICER’S CERTIFICATES AND OPINIONS OF COUNSEL; STATEMENTS TO BE
CONTAINED THEREIN. Upon any application or demand by the Issuer to the Trustee to take any action under any of the provisions of this Indenture, the Issuer shall furnish to the Trustee an Officer’s Certificate stating that all conditions
precedent provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent have been complied with, except that in the case of
any such application or demand as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or demand, no additional certificate or opinion need be furnished.

 Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a
condition or covenant provided for in this Indenture shall include (a) a statement that the person making such certificate or opinion has read such covenant or condition, (b) a brief statement as to the nature and scope of the examination
or investigation upon which the statements or opinions contained in such certificate or opinion are based, (c) a statement that, in the opinion of such person, he has made such examination or investigation as is necessary to enable him to
express an informed opinion as to whether or not such covenant or condition has been complied with and (d) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary
that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more
other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 
 Any certificate, statement or opinion of an officer of the Issuer may be based, insofar as it relates to legal matters, upon a certificate or opinion of or representations by counsel, unless such officer
knows that the certificate or opinion or representations with respect to the matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are
erroneous. Any certificate, statement or opinion of counsel may be based, insofar as it relates to factual matters or information with respect to which is in the possession of the Issuer, upon the certificate, statement or opinion of or
representations by an officer or officers of the Issuer, unless such counsel knows that the certificate, statement or opinion or representations with respect to the matters upon which his certificate, statement or opinion may be based as aforesaid
are erroneous, or in the exercise of reasonable care should know that the same are erroneous. 
 Any certificate, statement or
opinion of an officer of the Issuer or of counsel may be based, insofar as it relates to accounting matters, upon a certificate or opinion of or representations by an accountant or firm of accountants in the employ of the Issuer, unless such officer
or counsel, as the case may be, knows that the certificate or opinion of or representations with respect to the accounting matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of
reasonable care should know that the same are erroneous. 

  
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 Where any Person is required to make, give or execute two or more applications, requests,
consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
 Any certificate or opinion of any independent firm of public accountants filed with and directed to the Trustee shall contain a statement that such firm is independent. 

SECTION 11.6 PAYMENTS DUE ON SATURDAYS, SUNDAYS AND HOLIDAYS. If the date of maturity of interest on or principal of the
Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest or principal need not be made on such date, but may be
made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date. 

SECTION 11.7 CONFLICT OF ANY PROVISION OF INDENTURE WITH TRUST INDENTURE ACT. If and to the extent that any provision of this
Indenture limits, qualifies or conflicts with duties imposed by, or with another provision (an “incorporated provision”) included in this Indenture by operation of Sections 310 to 318, inclusive, of the Trust Indenture Act, such imposed
duties or incorporated provision shall control. 
 SECTION 11.8 NEW YORK LAW TO GOVERN; WAIVER OF JURY TRIAL. THIS INDENTURE
AND EACH SECURITY AND COUPON SHALL BE DEEMED TO BE A CONTRACT UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SUCH STATE, INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401
AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW AND NEW YORK CIVIL PRACTICE LAWS AND RULES 327(b). 
 EACH OF THE
ISSUER AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED
HEREBY. 
 SECTION 11.9 COUNTERPARTS. This Indenture may be executed in any number of counterparts, each of which
shall be an original; but such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery
of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

 SECTION 11.10 EFFECT OF HEADINGS. The Article and Section headings herein and the Table of Contents are for
convenience only and shall not affect the construction hereof. 

  
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 SECTION 11.11 SECURITIES IN A FOREIGN CURRENCY. Unless otherwise specified in an
Officer’s Certificate delivered pursuant to Section 2.3 of this Indenture with respect to a particular series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in
aggregate principal amount of Securities of all series or all series affected by a particular action at the time Outstanding and, at such time, there are Outstanding Securities of any series which are denominated in a Foreign Currency, then the
principal amount of Securities of such series which shall be deemed to be Outstanding for the purpose of taking such action shall be that amount of Dollars that could be obtained for such amount at the Market Exchange Rate. For purposes of this
Section 11.11, Market Exchange Rate shall mean the noon Dollar buying rate in The City of New York for cable transfers of such currency or currencies as published by the Federal Reserve Bank of New York as of the most recent available date. If
such Market Exchange Rate is not available for any reason with respect to such currency, the Trustee shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York or quotations from one
or more major banks in The City of New York or in the country of issue of the currency in question, which for purposes of the euro shall be any member state of the European Union that has adopted the euro, as the Trustee shall deem appropriate. The
provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a series denominated in a currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the
terms of this Indenture. 
 All decisions and determinations of the Trustee regarding the Market Exchange Rate or any
alternative determination provided for in the preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, be conclusive to the extent permitted by law for all purposes and irrevocably binding upon the Issuer and
all Holders. 
 SECTION 11.12 JUDGMENT CURRENCY. The Issuer agrees, to the fullest extent that it may effectively do so
under applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of the principal of or interest on the Securities of any series (the “Required Currency”) into a
currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required
Currency with the Judgment Currency on the day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then, to the extent permitted by applicable law, the rate of exchange used shall be the rate at which in
accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable judgment is entered and
(b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, or any recovery pursuant to any judgment (whether or not entered in accordance with subsection (a)),
in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments,
(ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so
expressed to be payable and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture. For purposes of the foregoing, “New 

  
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York Banking Day” means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or required
by law or executive order to close. 
 SECTION 11.13 AGREEMENT TO SUBORDINATE. The Issuer, for itself, its successors and
assigns, covenants and agrees, and each Holder of Subordinated Securities of any series by his acceptance thereof, likewise covenants and agrees, that the payment of the principal of (and premium, if any) and interest, if any, on, and mandatory
sinking fund payments, if any, in respect of each and all of the Subordinated Securities of such series shall be expressly subordinated, to the extent and in the manner provided in the Subordination Provisions established with respect to the
Subordinated Securities of such series pursuant to Section 2.3(9) hereof, in right of payment to the prior payment in full of all Senior Indebtedness with respect to such series. 

SECTION 11.14 FORCE MAJEURE. In no event shall the Trustee be responsible or liable for any failure or delay in the performance of
its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted
practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 SECTION 11.15
U.S.A. PATRIOT ACT. The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is
required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such
information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 
 ARTICLE XII

 REDEMPTION OF SECURITIES AND SINKING FUNDS 

SECTION 12.1 APPLICABILITY OF ARTICLE. The provisions of this Article shall be applicable to the Securities of any series which
are redeemable before their maturity or to any sinking fund for the retirement of Securities of a series except as otherwise specified as contemplated by Section 2.3 for Securities of such series. 

SECTION 12.2 NOTICE OF REDEMPTION; PARTIAL REDEMPTIONS. Notice of redemption to the Holders of Registered Securities of any series
to be redeemed as a whole or in part at the option of the Issuer shall be given by mailing notice of such redemption by first class mail, postage prepaid, at least 30 days and not more than 60 days prior to the date fixed for redemption to such
Holders of Securities of such series at their last addresses as they shall appear upon the registry books (in the case of Securities held in book-entry form, by 

  
 64 

 
electronic transmission). Notice of redemption to the Holders of Unregistered Securities to be redeemed as a whole or in part, who have filed their names and addresses with the Trustee pursuant
to Section 313(c)(2) of the Trust Indenture Act shall be given by mailing notice of such redemption, by first class mail, postage prepaid, at least 30 days and not more than 60 prior to the date fixed for redemption, to such Holders at such
addresses as were so furnished to the Trustee (and, in the case of any such notice given by the Issuer, the Trustee shall make such information available to the Issuer for such purpose). Notice of redemption to all other Holders of Unregistered
Securities shall be published in an Authorized Newspaper in the Borough of Manhattan, The City of New York and in an Authorized Newspaper in London (and, if required by Section 3.7, in an Authorized Newspaper in Luxembourg), in each case, once
in each of three successive calendar weeks, the first publication to be not less than 30 nor more than 60 days prior to the date fixed for redemption. Any notice which is mailed in the manner herein provided shall be conclusively presumed to have
been duly given, whether or not the Holder receives the notice. Failure to give notice by mail, or any defect in the notice to the Holder of any Security of a series designated for redemption as a whole or in part shall not affect the validity of
the proceedings for the redemption of such Security of such series. 
 The notice of redemption to each such Holder shall
identify the Securities to be redeemed (including CUSIP number(s)) and specify the aggregate principal amount of Securities of such series to be redeemed, the date fixed for redemption, the redemption price, the place or places of payment, that
payment will be made upon presentation and surrender of such Securities and, in the case of Securities with Coupons attached thereto, of all Coupons appertaining thereto maturing after the date fixed for redemption, that such redemption is pursuant
to the mandatory or optional sinking fund, or both, if such be the case, that interest accrued to the date fixed for redemption will be paid as specified in such notice and that on and after said date interest thereon or on the portions thereof to
be redeemed will cease to accrue. In case any Security of a series is to be redeemed in part only, the notice of redemption to Holders of Securities of the series shall state the portion of the principal amount thereof to be redeemed and shall state
that on and after the date fixed for redemption, upon surrender of such Security, a new Security or Securities of such series in principal amount equal to the unredeemed portion thereof will be issued. 

The notice of redemption of Securities of any series to be redeemed at the option of the Issuer shall be given by the Issuer or, at the
Issuer’s request at least five (5) Business Days prior to the date the notice must be mailed to Holders (unless the Trustee otherwise agrees to a shorter period), by the Trustee in the name and at the expense of the Issuer. 

On or before 11:00 a.m., New York City time, on the redemption date specified in the notice of redemption given as provided in this
Section, the Issuer will deposit with the Trustee or with one or more paying agents (or, if the Issuer is acting as its own paying agent, set aside, segregate and hold in trust as provided in Section 3.4) an amount of money sufficient to redeem
on the redemption date all the Securities of such series so called for redemption at the appropriate redemption price, together with accrued interest to the date fixed for redemption. The Issuer will deliver to the Trustee at least 70 days prior to
the date fixed for redemption, or such shorter period as shall be acceptable to the Trustee, an Officer’s Certificate stating the aggregate principal amount of Securities to be redeemed. In case of a redemption at the election of the Issuer
prior to the expiration of any restriction on such redemption, the Issuer shall deliver to the Trustee, prior to the giving of any notice of redemption to Holders pursuant to this Section, an Officer’s Certificate stating that such restriction
has been complied with. 

  
 65 

 If less than all the Securities of a series are to be redeemed, the Trustee shall select, in
such manner as it shall deemed appropriate and fair, in its sole discretion, Securities of such series to be redeemed in whole or in part. Securities may be redeemed in part in multiples equal to the minimum authorized denomination for Securities of
such series or any multiple thereof. The Trustee shall promptly notify the Issuer in writing of the Securities of such series selected for redemption and, in the case of any Securities of such series selected for partial redemption, the principal
amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities of any series shall relate, in the case of any Security redeemed or to be redeemed only
in part, to the portion of the principal amount of such Security which has been or is to be redeemed. 
 SECTION 12.3 PAYMENT
OF SECURITIES CALLED FOR REDEMPTION. If notice of redemption has been given as above provided, the Securities or portions of Securities specified in such notice shall become due and payable on the date and at the place stated in such notice at
the applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date (unless the Issuer shall default in the payment of such Securities at the redemption price, together with interest accrued
to said date) interest on the Securities or portions of Securities so called for redemption shall cease to accrue, and the unmatured Coupons, if any, appertaining thereto shall be void, and, except as provided in Sections 6.5 and 10.4, such
Securities shall cease from and after the date fixed for redemption to be entitled to any benefit or security under this Indenture, and the Holders thereof shall have no right in respect of such Securities except the right to receive the redemption
price thereof and unpaid interest to the date fixed for redemption. On presentation and surrender of such Securities at a place of payment specified in said notice, together with all Coupons, if any, appertaining thereto maturing after the date
fixed for redemption, said Securities or the specified portions thereof shall be paid and redeemed by the Issuer at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption; provided, that payment of
interest becoming due on or prior to the date fixed for redemption shall be payable in the case of Securities with Coupons attached thereto, to the Holders of the Coupons for such interest upon surrender thereof, and in the case of Registered
Securities, to the Holder of such Registered Securities registered as such on the relevant record date, subject to the terms and provisions of Section 2.3 and 2.7 hereof. 
 If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal shall, until paid or duly provided for, bear interest from the date fixed for redemption at
the rate of interest or Yield to Maturity (in the case of an Original Issue Discount Security) borne by such Security. 
 If any
Security with Coupons attached thereto is surrendered for redemption and is not accompanied by all appurtenant Coupons maturing after the date fixed for redemption, the surrender of such missing Coupon or Coupons may be waived by the Issuer and the
Trustee, if there be furnished to each of them such security or indemnity as they may require to save each of them harmless. 

  
 66 

 Upon presentation of any Security redeemed in part only, the Issuer shall execute and the
Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Issuer, a new Security or Securities of such series, of authorized denominations, in principal amount equal to the unredeemed portion of the
Security so presented. 
 SECTION 12.4 EXCLUSION OF CERTAIN SECURITIES FROM ELIGIBILITY FOR SELECTION FOR REDEMPTION.
Securities shall be excluded from eligibility for selection for redemption if they are identified by registration and certificate number in an Officer’s Certificate delivered to the Trustee at least 40 days prior to the last date on which
notice of redemption may be given as being owned of record and beneficially by, and not pledged or hypothecated by, either (a) the Issuer or (b) an entity specifically identified in such written statement as directly or indirectly
controlling or controlled by or under direct or indirect common control with the Issuer. 
 SECTION 12.5 MANDATORY AND
OPTIONAL SINKING FUNDS. The minimum amount of any sinking fund payment provided for by the terms of the Securities of any series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum
amount provided for by the terms of the Securities of any series is herein referred to as an “optional sinking fund payment.” The date on which a sinking fund payment is to be made is herein referred to as the “sinking fund payment
date.” 
 In lieu of making all or any part of any mandatory sinking fund payment with respect to any series of Securities
in cash, the Issuer may at its option (a) deliver to the Trustee Securities of such series theretofore purchased or otherwise acquired (except upon redemption pursuant to the mandatory sinking fund) by the Issuer or receive credit for
Securities of such series (not previously so credited) theretofore purchased or otherwise acquired (except as aforesaid) by the Issuer and delivered to the Trustee for cancellation pursuant to Section 2.10, (b) receive credit for optional
sinking fund payments (not previously so credited) made pursuant to this Section, or (c) receive credit for Securities of such series (not previously so credited) redeemed by the Issuer through any optional redemption provision contained in the
terms of such series. Securities so delivered or credited shall be received or credited by the Trustee at the sinking fund redemption price specified in such Securities. 
 On or before the 60th day next preceding each sinking fund payment date for any series, the Issuer will deliver to the Trustee an Officer’s Certificate (which need not contain the statements required
by Section 11.5) (a) specifying the portion of the mandatory sinking fund payment to be satisfied by payment of cash and the portion to be satisfied by credit of Securities of such series and the basis for such credit, (b) stating
that none of the Securities of such series has theretofore been so credited, (c) stating that no defaults in the payment of interest or Events of Default with respect to such series have occurred (which have not been waived or cured) and are
continuing and (d) stating whether or not the Issuer intends to exercise its right to make an optional sinking fund payment with respect to such series and, if so, specifying the amount of such optional sinking fund payment which the Issuer
intends to pay on or before the next succeeding sinking fund payment date. Any Securities of such series to be credited and required to be delivered to the Trustee in order for the Issuer to be entitled to credit therefor as aforesaid which have not
theretofore been delivered to the Trustee shall be delivered for cancellation pursuant to Section 2.10 to the Trustee with such Officer’s Certificate (or reasonably promptly 

  
 67 

 
thereafter if acceptable to the Trustee). Such Officer’s Certificate shall be irrevocable and upon its receipt by the Trustee, the Issuer shall become unconditionally obligated to make all
the cash payments or payments therein referred to, if any, on or before the next succeeding sinking fund payment date. Failure of the Issuer, on or before any such 60th day, to deliver such Officer’s Certificate and Securities specified in this
paragraph, if any, shall not constitute a default but shall constitute, on and as of such date, the irrevocable election of the Issuer (i) that the mandatory sinking fund payment for such series due on the next succeeding sinking fund payment
date shall be paid entirely in cash without the option to deliver or credit Securities of such series in respect thereof and (ii) that the Issuer will make no optional sinking fund payment with respect to such series as provided in this
Section. 
 If the sinking fund payment or payments (mandatory or optional or both) to be made in cash on the next succeeding
sinking fund payment date plus any unused balance of any preceding sinking fund payments made in cash shall exceed $50,000 (or the equivalent thereof in any Foreign Currency) or a lesser sum in Dollars (or the equivalent thereof in any Foreign
Currency) if the Issuer shall so request with respect to the Securities of any particular series, such cash shall be applied on the next succeeding sinking fund payment date to the redemption of Securities of such series at the sinking fund
redemption price together with accrued interest to the date fixed for redemption. If such amount shall be $50,000 (or the equivalent thereof in any Foreign Currency) or less and the Issuer makes no such request then it shall be carried over until a
sum in excess of $50,000 (or the equivalent thereof in any Foreign Currency) is available. The Trustee shall select, in the manner provided in Section 12.2, for redemption on such sinking fund payment date a sufficient principal amount of
Securities of such series to absorb said cash, as nearly as may be, and shall (if requested in writing by the Issuer) inform the Issuer of the serial numbers of the Securities of such series (or portions thereof) so selected. Securities shall be
excluded from eligibility for redemption under this Section if they are identified by registration and certificate number in an Officer’s Certificate delivered to the Trustee at least 60 days prior to the sinking fund payment date as being
owned of record and beneficially by, and not pledged or hypothecated by, either (a) the Issuer or (b) an entity specifically identified in such Officer’s Certificate as directly or indirectly controlling or controlled by or under
direct or indirect common control with the Issuer. The Trustee, in the name and at the expense of the Issuer (or the Issuer, if it shall so request the Trustee in writing) shall cause notice of redemption of the Securities of such series to be given
in substantially the manner provided in Section 12.2 (and with the effect provided in Section 12.3) for the redemption of Securities of such series in part at the option of the Issuer. The amount of any sinking fund payments not so applied
or allocated to the redemption of Securities of such series shall be added to the next cash sinking fund payment for such series and, together with such payment, shall be applied in accordance with the provisions of this Section. Any and all sinking
fund moneys held on the stated maturity date of the Securities of any particular series (or earlier, if such maturity is accelerated), which are not held for the payment or redemption of particular Securities of such series shall be applied,
together with other moneys, if necessary, sufficient for the purpose, to the payment of the principal of, and interest on, the Securities of such series at maturity. 
 On or before each sinking fund payment date, the Issuer shall pay to the Trustee in cash or shall otherwise provide for the payment of all interest accrued to the date fixed for redemption on Securities
to be redeemed on the next following sinking fund payment date. 

  
 68 

 The Trustee shall not redeem or cause to be redeemed any Securities of a series with sinking
fund moneys or give any notice of redemption of Securities for such series by operation of the sinking fund during the continuance of a default in payment of interest on such Securities or of any Event of Default except that, where the giving of
notice of redemption of any Securities shall theretofore have been made, the Trustee shall redeem or cause to be redeemed such Securities, provided that it shall have received from the Issuer a sum sufficient for such redemption. Except as
aforesaid, any moneys in the sinking fund for such series at the time when any such default or Event of Default shall occur, and any moneys thereafter paid into the sinking fund, shall, during the continuance of such default or Event of Default be
deemed to have been collected under Article Five and held for the payment of all such Securities. In case such Event of Default shall have been waived as provided in Section 5.10 or the default cured on or before the sixtieth day preceding the
sinking fund payment date in any year, such moneys shall thereafter be applied on the next succeeding sinking fund payment date in accordance with this Section to the redemption of such Securities. 

  
 69 

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

			
	MCKESSON CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

	Name:	 	
	Title:Amended and Restated Credit Agreement

 Exhibit 10.1 
 EXECUTION COPY 
 $135,000,000 CREDIT FACILITY 

AMENDED AND RESTATED CREDIT AGREEMENT 
 Dated as of February 28, 2012 
 by and among 

RENTECH NITROGEN, LLC, 
 as Borrower, 
 RENTECH NITROGEN PARTNERS, L.P. 

as Guarantor, 
 THE OTHER PERSONS PARTY HERETO THAT ARE 
 DESIGNATED AS CREDIT PARTIES
FROM TIME TO TIME, 
 GENERAL ELECTRIC CAPITAL CORPORATION 

for itself, as Swingline Lender and as Agent for all Lenders, 

THE OTHER FINANCIAL INSTITUTIONS PARTY HERETO 
 as Lenders, 
 GE CAPITAL MARKETS, INC., 

as Sole Lead Arranger and Bookrunner 
 and 
 BMO Harris Bank, N.A. 

as Syndication Agent 

 TABLE OF CONTENTS 

 

				September 30,	
	 	    	Page	 
		
	 ARTICLE I—THE CREDITS
	    	 	2	  
		
	 1.1 Amounts and Terms of Commitments
	    	 	2	  
	 1.2 Notes
	    	 	8	  
	 1.3 Interest
	    	 	8	  
	 1.4 Loan Accounts
	    	 	9	  
	 1.5 Procedure for Borrowing
	    	 	10	  
	 1.6 Conversion and Continuation Elections
	    	 	11	  
	 1.7 Optional Prepayments; Commitment Reduction and Termination
	    	 	12	  
	 1.8 Repayment of Loans
	    	 	12	  
	 1.9 Fees
	    	 	14	  
	 1.10 Payments by Borrower
	    	 	15	  
	 1.11 Payments by the Lenders to Agent; Settlement
	    	 	17	  
	 1.12 Replacement of Commitments
	    	 	20	  
	 1.13 Restatement of Obligations
	    	 	21	  
		
	 ARTICLE II—CONDITIONS PRECEDENT
	    	 	21	  
		
	 2.1 Conditions of Initial Loans
	    	 	21	  
	 2.2 Conditions to All Borrowings
	    	 	22	  
		
	 ARTICLE III—REPRESENTATIONS AND WARRANTIES
	    	 	23	  
		
	 3.1 Corporate Existence and Power
	    	 	23	  
	 3.2 Corporate Authorization; No Contravention
	    	 	24	  
	 3.3 Governmental Authorization
	    	 	24	  
	 3.4 Binding Effect
	    	 	24	  
	 3.5 Litigation
	    	 	24	  
	 3.6 No Default
	    	 	24	  
	 3.7 ERISA Compliance
	    	 	24	  
	 3.8 Use of Proceeds; Margin Regulations
	    	 	25	  
	 3.9 Title to Properties
	    	 	25	  
	 3.10 Taxes
	    	 	26	  
	 3.11 Financial Condition
	    	 	27	  
	 3.12 Environmental Matters
	    	 	28	  
	 3.13 Regulated Entities
	    	 	28	  
	 3.14 Solvency
	    	 	28	  
	 3.15 Labor Relations
	    	 	28	  
	 3.16 Intellectual Property
	    	 	29	  
	 3.17 Brokers’ Fees; Transaction Fees
	    	 	29	  
	 3.18 Insurance
	    	 	29	  
	 3.19 Ventures, Subsidiaries and Affiliates; Outstanding Stock
	    	 	29	  
	 3.20 Jurisdiction of Organization; Chief Executive Office
	    	 	30	  
	 3.21 Deposit Accounts and Other Accounts
	    	 	30	  
	 3.22 Bonding; Licenses
	    	 	30	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

				September 30,	
	 	    	Page	 
	 3.23 Related Agreements
	    	 	30	  
	 3.24 Status of Partnership and Affiliates
	    	 	30	  
	 3.25 Full Disclosure
	    	 	30	  
	 3.26 Foreign Assets Control Regulations and Anti-Money Laundering
	    	 	31	  
	 3.27 Patriot Act
	    	 	31	  
		
	 ARTICLE IV—AFFIRMATIVE COVENANTS
	    	 	31	  
		
	 4.1 Financial Statements
	    	 	31	  
	 4.2 Certificates; Other Information
	    	 	33	  
	 4.3 Notices
	    	 	34	  
	 4.4 Preservation of Corporate Existence, Etc
	    	 	37	  
	 4.5 Maintenance of Property
	    	 	37	  
	 4.6 Insurance
	    	 	37	  
	 4.7 Payment of Obligations
	    	 	38	  
	 4.8 Compliance with Laws
	    	 	39	  
	 4.9 Inspection of Property and Books and Records
	    	 	39	  
	 4.10 Use of Proceeds
	    	 	39	  
	 4.11 Cash Management Systems
	    	 	40	  
	 4.12 Landlord Agreements
	    	 	40	  
	 4.13 Further Assurances
	    	 	41	  
	 4.14 Environmental Matters
	    	 	41	  
	 4.15 Post-Closing Obligations
	    	 	42	  
		
	 ARTICLE V—NEGATIVE COVENANTS
	    	 	42	  
		
	 5.1 Limitation on Liens
	    	 	42	  
	 5.2 Disposition of Assets
	    	 	44	  
	 5.3 Consolidations and Mergers
	    	 	45	  
	 5.4 Loans and Investments
	    	 	45	  
	 5.5 Limitation on Indebtedness
	    	 	46	  
	 5.6 Transactions with Affiliates
	    	 	47	  
	 5.7 Fees and Compensation
	    	 	47	  
	 5.8 Use of Proceeds
	    	 	48	  
	 5.9 Contingent Obligations
	    	 	48	  
	 5.10 [Reserved]
	    	 	49	  
	 5.11 Restricted Payments
	    	 	49	  
	 5.12 Change in Business
	    	 	50	  
	 5.13 Change in Structure
	    	 	50	  
	 5.14 Changes in Accounting, Name and Jurisdiction of Organization
	    	 	50	  
	 5.15 Amendments to Related Agreements and Subordinated Indebtedness
	    	 	50	  
	 5.16 No Negative Pledges
	    	 	51	  
	 5.17 OFAC; Patriot Act
	    	 	51	  
	 5.18 Sale-Leasebacks
	    	 	51	  

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

				September 30,	
	 	    	Page	 
	 5.19 Hazardous Materials
	    	 	51	  
		
	 ARTICLE VI—FINANCIAL COVENANTS
	    	 	52	  
		
	 6.1 Total Leverage Ratio
	    	 	52	  
	 6.2 Fixed Charge Coverage Ratio
	    	 	52	  
	 6.3 Clean Down Period
	    	 	52	  
		
	 ARTICLE VII—EVENTS OF DEFAULT
	    	 	52	  
		
	 7.1 Event of Default
	    	 	52	  
	 7.2 Remedies
	    	 	55	  
	 7.3 Rights Not Exclusive
	    	 	55	  
	 7.4 Cash Collateral for Letters of Credit
	    	 	55	  
		
	 ARTICLE VIII—AGENT
	    	 	56	  
		
	 8.1 Appointment and Duties
	    	 	56	  
	 8.2 Binding Effect
	    	 	57	  
	 8.3 Use of Discretion
	    	 	57	  
	 8.4 Delegation of Rights and Duties
	    	 	58	  
	 8.5 Reliance and Liability
	    	 	58	  
	 8.6 Agent Individually
	    	 	59	  
	 8.7 Lender Credit Decision
	    	 	59	  
	 8.8 Expenses; Indemnities
	    	 	60	  
	 8.9 Resignation of Agent or L/C Issuer
	    	 	61	  
	 8.10 Release of Collateral or Guarantors
	    	 	62	  
	 8.11 Additional Secured Parties
	    	 	62	  
	 8.12 Documentation Agent and Syndication Agent
	    	 	63	  
		
	 ARTICLE IX—MISCELLANEOUS
	    	 	63	  
		
	 9.1 Amendments and Waivers
	    	 	63	  
	 9.2 Notices
	    	 	65	  
	 9.3 Electronic Transmissions
	    	 	67	  
	 9.4 No Waiver; Cumulative Remedies
	    	 	67	  
	 9.5 Costs and Expenses
	    	 	67	  
	 9.6 Indemnity
	    	 	68	  
	 9.7 Marshaling; Payments Set Aside
	    	 	69	  
	 9.8 Successors and Assigns
	    	 	69	  
	 9.9 Assignments and Participations; Binding Effect
	    	 	69	  
	 9.10 Non-Public Information; Confidentiality
	    	 	72	  
	 9.11 Set-off; Sharing of Payments
	    	 	74	  
	 9.12 Counterparts; Facsimile Signature
	    	 	75	  
	 9.13 Severability
	    	 	75	  
	 9.14 Captions
	    	 	75	  

  
 iii

 TABLE OF CONTENTS 

(continued) 
  

				September 30,	
	 	    	Page	 
	 9.15 Independence of Provisions
	    	 	75	  
	 9.16 Interpretation
	    	 	75	  
	 9.17 No Third Parties Benefited
	    	 	76	  
	 9.18 Governing Law and Jurisdiction
	    	 	76	  
	 9.19 Waiver of Jury Trial
	    	 	77	  
	 9.20 Entire Agreement; Release; Survival
	    	 	77	  
	 9.21 Patriot Act
	    	 	77	  
	 9.22 Replacement of Lender
	    	 	78	  
	 9.23 Creditor-Debtor Relationship
	    	 	78	  
	 9.24 No Recourse
	    	 	78	  
		
	 ARTICLE X—TAXES, YIELD PROTECTION AND ILLEGALITY
	    	 	79	  
		
	 10.1 Taxes
	    	 	79	  
	 10.2 Illegality
	    	 	82	  
	 10.3 Increased Costs and Reduction of Return
	    	 	82	  
	 10.4 Funding Losses
	    	 	83	  
	 10.5 Inability to Determine Rates
	    	 	84	  
	 10.6 Reserves on LIBOR Rate Loans
	    	 	84	  
	 10.7 Certificates of Lenders
	    	 	85	  
		
	 ARTICLE XI—DEFINITIONS
	    	 	85	  
		
	 11.1 Defined Terms
	    	 	85	  
	 11.2 Other Interpretive Provisions
	    	 	108	  
	 11.3 Accounting Terms and Principles
	    	 	108	  
	 11.4 Payments
	    	 	109	  

  
 iv 

 SCHEDULES 
  

			
	 Schedule 1.1(a)
	    	Part I—CAPEX Loan Commitments; Part II—Schedule of CAPEX Loans
	 Schedule 1.1(b)
	    	 Revolving Loan Commitments

	 Schedule 3.5
	    	 Litigation

	 Schedule 3.7
	    	 ERISA

	 Schedule 3.9
	    	 Real Estate

	 Schedule 3.12
	    	 Environmental

	 Schedule 3.15
	    	 Labor Relations

	 Schedule 3.17
	    	 Brokers’ and Transaction Fees

	 Schedule 3.19
	    	 Ventures, Subsidiaries and Affiliates; Outstanding Stock

	 Schedule 3.20
	    	 Jurisdiction of Organization; Chief Executive Office

	 Schedule 3.21
	    	 Deposit Accounts and Other Accounts

	 Schedule 3.22
	    	 Bonding; Licenses

	 Schedule 4.2
	    	 Partnership’s Website Address

	 Schedule 4.15
	    	 Post-Closing Obligations

	 Schedule 5.1
	    	 Liens

	 Schedule 5.4
	    	 Investments

	 Schedule 5.5
	    	 Indebtedness

	 Schedule 5.9
	    	 Contingent Obligations

	
	 EXHIBITS

		
	 Exhibit 1.1(c)
	    	 Form of L/C Request

	 Exhibit 1.1(d)
	    	 Form of Swingline Loan Request

	 Exhibit 1.5
	    	 Form of Notice of Borrowing

	 Exhibit 1.6
	    	 Form of Notice of Conversion/Continuation

	 Exhibit 2.1
	    	 Closing Checklist

	 Exhibit 4.2(b)
	    	 Form of Compliance Certificate

	 Exhibit 5.4
	    	 Form of Joint Venture Certificate

	 Exhibit 5.11
	    	 Form of Permitted Dividend/Distribution Certificate

	 Exhibit 11.1(a)
	    	 Form of Assignment

	 Exhibit 11.1(b)
	    	 Form of CAPEX Note

	 Exhibit 11.1(c)
	    	 Form of Revolving Note

	 Exhibit 11.1(d)
	    	 Form of Swingline Note

  
 v 

 AMENDED AND RESTATED CREDIT AGREEMENT 

This AMENDED AND RESTATED CREDIT AGREEMENT (including all exhibits and schedules hereto, as the same may be amended,
restated, supplemented or otherwise modified and/or restated from time to time, this “Agreement”) is entered into as of February 28, 2012, by and among Rentech Nitrogen, LLC, a Delaware limited liability company
(“Borrower”), Rentech Nitrogen Partners, L.P., a Delaware limited partnership (“Partnership”), the other Persons party hereto that are designated as a “Credit Party”, General Electric Capital Corporation,
a Delaware corporation (in its individual capacity, “GE Capital”), as agent (in such capacity, “Agent”) for the several financial institutions from time to time party to this Agreement (collectively, the
“Lenders” and individually each a “Lender”) and for itself as a Lender (including as Swingline Lender) and such Lenders. 
 RECITALS 
 A. On November 10, 2011 (the
“Original Closing Date”), Borrower, Agent, and the lenders party thereto (the “Original Lenders”) entered into that certain Credit Agreement, as amended by the First Amendment to Credit Agreement dated as of
December 28, 2011 (collectively, the “Original Credit Agreement”) and certain other “Loan Documents” under and as defined therein (collectively, the “Original Loan Documents”), pursuant to which
Original Lenders provided a $25,000,000 revolving credit facility to Borrower on the terms and conditions set forth therein. 
 B. Borrower has requested that the Original Loan Documents be amended and restated in order to, among other things, (a) provide for a $35,000,000 revolving credit facility on the terms and conditions
set forth herein, (b) provide for a $100,000,000 CAPEX credit facility to finance expenditures with respect to the Project (as defined in Section 11.1), (c) extend the commitment termination date under the Original Credit
Agreement, and (d) make certain other amendments to the Original Credit Agreement, and Agent and Lenders are willing to do so in accordance with the terms and conditions set forth herein and in the other Loan Documents (as defined below).

 C. Borrower has agreed that all of its Obligations under the Loan Documents will continue to be secured by a
security interest and lien in favor of Agent, for the benefit of Agent and the Secured Parties, upon substantially all of its existing and after acquired Property. 

D. Partnership directly owns all of the Stock and Stock Equivalents of Borrower and is willing to continue to guaranty
all of the Obligations and to continue to pledge to Agent, for the benefit of Agent and the Secured Parties, all of the Stock and Stock Equivalents of Borrower and substantially all of its other Property to secure the Obligations under the Loan
Documents. 
 E. Capitalized terms used in this Agreement shall have the meanings ascribed to them in
Section 11.1 and, for purposes of this Agreement and the other Loan Documents, the rules of construction set forth in Section 11.2 shall govern. All Annexes, Disclosure Schedules, Exhibits and other attachments (collectively,
“Appendices”) hereto, or expressly identified to this Agreement, are incorporated herein by reference, and taken together with this Agreement, shall constitute but a single agreement. These Recitals shall be construed as part of the
Agreement. 

  
 1 

 AGREEMENT 

NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, and for other good
and valuable consideration, the parties hereto agree, and the Original Credit Agreement is hereby amended and restated in its entirety, as follows: 
 ARTICLE I - 
 THE CREDITS 

1.1 Amounts and Terms of Commitments. 

(a) The CAPEX Credit. Subject to the terms and conditions of this Agreement and in reliance upon the
representations and warranties of the Credit Parties contained herein, each CAPEX Lender severally and not jointly agrees to make advances to Borrower (each such advance, a “CAPEX Loan”) from time to time on any Business Day during
the period from the Closing Date through the Final CAPEX Loan Availability Date, in an aggregate principal amount not to exceed at any time outstanding the amount set forth opposite such CAPEX Lender’s name in Part I of Schedule
1.1(a) (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “CAPEX Loan Commitment”); provided, that the aggregate
cumulative amount of all CAPEX Loans made hereunder shall not exceed the CAPEX Loan Commitment of all CAPEX Lenders. The CAPEX Loans, once repaid or prepaid, may not be reborrowed. The “Available CAPEX Loan Balance” from time to
time will be the Aggregate CAPEX Loan Commitment then in effect less the aggregate amount of CAPEX Loans that have been made hereunder. The Borrower projects to borrow CAPEX Loans in accordance with the schedule of CAPEX Loans set forth in
Part II of Schedule 1.1(a) (the “Schedule of CAPEX Loans”); provided, that if, as of the end of any fiscal month ending on or after June 30, 2012, the cumulative aggregate amount of the CAPEX Loans
outstanding as of the end of such fiscal month varies from the cumulative amount of the projected amount of CAPEX Loans described in the Schedule of CAPEX Loans as of such date by more than 25%, then Borrower shall deliver a written report in
accordance with Section 4.2(h). 
 (b) The Revolving Credit. Subject to the terms and
conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to Borrower (each such Loan, a “Revolving
Loan”) from time to time on any Business Day during the period from the Closing Date through the Final Revolving Loan Availability Date, in an aggregate principal amount not to exceed at any time outstanding the amount set forth opposite
such Revolving Lender’s name in Schedule 1.1(b) (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan
Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the
other terms and 

  
 2 

 
conditions hereof, amounts borrowed under this Section 1.1(b) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time
will be the Aggregate Revolving Loan Commitment then in effect less the aggregate amount of Letter of Credit Obligations and the aggregate principal amount of the outstanding Swingline Loans that have been made hereunder. If at any time the
then outstanding principal balance of Revolving Loans exceeds the Maximum Revolving Loan Balance, then Borrower shall immediately prepay outstanding Revolving Loans in an amount sufficient to eliminate such excess. 

(c) Letters of Credit. (i) Conditions. On the terms and subject to the conditions contained herein,
Borrower may request that one or more L/C Issuers Issue, in accordance with such L/C Issuers’ usual and customary business practices, and for the account of Borrower, Letters of Credit (denominated in Dollars) from time to time on any Business
Day during the period from the Closing Date through the earlier of (x) the Final Revolving Loan Availability Date and (y) seven (7) days prior to the date specified in clause (a) of the definition of Revolving Termination
Date; provided, however, that no L/C Issuer shall Issue any Letter of Credit upon the occurrence of any of the following or, if after giving effect to such Issuance: 

(A) (i) Availability would be less than zero, or (ii) the Letter of Credit Obligations for all
Letters of Credit would exceed $10,000,000 (the “L/C Sublimit”); 
 (B) the
expiration date of such Letter of Credit (i) is not a Business Day, (ii) is more than one year after the date of issuance thereof or (iii) is later than seven (7) days prior to the date specified in clause (a) of the
definition of Revolving Termination Date; provided, however, that any Letter of Credit with a term not exceeding one year may provide for its renewal for additional periods not exceeding one year as long as (x) each of Borrower and such
L/C Issuer have the option to prevent such renewal before the expiration of such term or any such period and (y) neither such L/C Issuer nor Borrower shall permit any such renewal to extend such expiration date beyond the date set forth in
clause (iii) above; or 
 (C) (i) any fee due in connection with, and on or prior
to, such Issuance has not been paid, (ii) such Letter of Credit is requested to be issued in a form that is not acceptable to such L/C Issuer or (iii) such L/C Issuer shall not have received, each in form and substance reasonably
acceptable to it and duly executed by Borrower, the documents that such L/C Issuer generally uses in the Ordinary Course of Business for the Issuance of letters of credit of the type of such Letter of Credit (collectively, the “L/C
Reimbursement Agreement”). 
 Furthermore, GE Capital as an L/C Issuer may elect only to issue Letters of Credit in its
own name and may only issue Letters of Credit to the extent permitted by Requirements of Law, and such Letters of Credit may not be accepted by certain beneficiaries such as insurance companies. For each Issuance, the applicable L/C Issuer may, but
shall not be required to, determine that, or take notice whether, the conditions precedent set forth in Section 2.2 have been satisfied or waived in connection with the Issuance of any Letter of Credit; provided, however, that no
Letters of Credit shall be Issued during the period starting on the first Business Day after the receipt by such L/C Issuer of notice from Agent or the Required Revolving Lenders that any condition precedent contained in Section 2.2 is
not satisfied and ending on the date all such conditions are satisfied or duly waived. 

  
 3 

 Notwithstanding anything else to the contrary herein, if any Lender is a Non-Funding Lender
or Impacted Lender, no L/C Issuer shall be obligated to Issue any Letter of Credit unless (w) the Non-Funding Lender or Impacted Lender has been replaced in accordance with Sections 9.9 or 9.22, (x) the Letter of
Credit Obligations of such Non-Funding Lender or Impacted Lender have been cash collateralized, (y) the Revolving Loan Commitments of the other Lenders have been increased by an amount sufficient to satisfy Agent that all future Letter of
Credit Obligations will be covered by all Revolving Lenders that are not Non-Funding Lenders or Impacted Lenders, or (z) the Letter of Credit Obligations of such Non-Funding Lender or Impacted Lender have been reallocated to other Revolving
Lenders in a manner consistent with Section 1.11(e)(ii). 
 (ii) Notice of
Issuance. Borrower shall give the relevant L/C Issuer and Agent a notice of any requested Issuance of any Letter of Credit, which shall be effective only if received by such L/C Issuer and Agent not later than 12:00 noon (New York time) on the
third Business Day prior to the date of such requested Issuance. Such notice shall be made in a writing or Electronic Transmission substantially in the form of Exhibit 1.1(c) duly completed or in a writing in any other form acceptable
to such L/C Issuer (an “L/C Request”). 
 (iii) Reporting Obligations of L/C
Issuers. Each L/C Issuer agrees to provide Agent, in form and substance satisfactory to Agent, each of the following on the following dates: (A) (i) on or prior to any Issuance of any Letter of Credit by such L/C Issuer,
(ii) immediately after any drawing under any such Letter of Credit or (iii) immediately after any payment (or failure to pay when due) by Borrower of any related L/C Reimbursement Obligation, notice thereof, which shall contain a
reasonably detailed description of such Issuance, drawing or payment, and Agent shall provide copies of such notices to each Revolving Lender reasonably promptly after receipt thereof; (B) upon the request of Agent (or any Revolving Lender
through Agent), copies of any Letter of Credit Issued by such L/C Issuer and any related L/C Reimbursement Agreement and such other documents and information as may reasonably be requested by Agent; and (C) on the first Business Day of each
calendar week, a schedule of the Letters of Credit Issued by such L/C Issuer, in form and substance reasonably satisfactory to Agent, setting forth the Letter of Credit Obligations for such Letters of Credit outstanding on the last Business Day of
the previous calendar week. 
 (iv) Acquisition of Participations. Upon any Issuance of a
Letter of Credit in accordance with the terms of this Agreement resulting in any increase in the Letter of Credit Obligations, each Revolving Lender shall be deemed to have acquired, without recourse or warranty, an undivided interest and
participation in such Letter of Credit and the related Letter of Credit Obligations in an amount equal to its Commitment Percentage of such Letter of Credit Obligations. 

(v) Reimbursement Obligations of Borrower. Borrower agrees to pay to the L/C Issuer of any Letter
of Credit, or to Agent for the benefit of such L/C Issuer, each L/C Reimbursement Obligation owing with respect to such Letter of Credit no later 

  
 4 

 than the first Business Day after Borrower receives notice from such L/C
Issuer or from Agent that payment has been made under such Letter of Credit or that such L/C Reimbursement Obligation is otherwise due (the “L/C Reimbursement Date”) with interest thereon computed as set forth in clause
(A) below. In the event that any L/C Reimbursement Obligation is not repaid by Borrower as provided in this clause (v) (or any such payment by Borrower is rescinded or set aside for any reason), such L/C Issuer shall promptly
notify Agent of such failure (and, upon receipt of such notice, Agent shall notify each Revolving Lender) and, irrespective of whether such notice is given, such L/C Reimbursement Obligation shall be payable on demand by Borrower with interest
thereon computed (A) from the date on which such L/C Reimbursement Obligation arose to the L/C Reimbursement Date, at the interest rate applicable during such period to Revolving Loans that are Base Rate Loans and (B) thereafter until
payment in full, at the interest rate specified in Section 1.3(c) to past due Revolving Loans that are Base Rate Loans (regardless of whether or not an election is made under such subsection). 

(vi) Reimbursement Obligations of the Revolving Credit Lenders. 

(1) Upon receipt of the notice described in clause (v) above from Agent, each Revolving
Lender shall pay to Agent for the account of such L/C Issuer its Commitment Percentage of such Letter of Credit Obligations (as such amount may be increased pursuant to Section 1.11(e)(ii)). 

(2) By making any payment described in clause (1) above (other than during the continuation
of an Event of Default under Section 7.1(f) or 7.1(g)), such Lender shall be deemed to have made a Revolving Loan to Borrower, which, upon receipt thereof by Agent for the benefit of such L/C Issuer, Borrower shall be deemed to
have used in whole to repay such L/C Reimbursement Obligation. Any such payment that is not deemed a Revolving Loan shall be deemed a funding by such Lender of its participation in the applicable Letter of Credit and the Letter of Credit Obligation
in respect of the related L/C Reimbursement Obligations. Such participation shall not otherwise be required to be funded. Following receipt by any L/C Issuer of any payment from any Lender pursuant to this clause (vi) with respect to any
portion of any L/C Reimbursement Obligation, such L/C Issuer shall promptly pay to the Agent, for the benefit of such Lender, all amounts received by such L/C Issuer (or to the extent such amounts shall have been received by the Agent for the
benefit of such L/C Issuer, the Agent shall promptly pay to such Lender all amounts received by the Agent for the benefit of such L/C Issuer) with respect to such portion. 

(vii) Obligations Absolute. The obligations of Borrower and the Revolving Lenders pursuant to
clauses (iv), (v) and (vi) above shall be absolute, unconditional and irrevocable and performed strictly in accordance with the terms of this Agreement irrespective of (A) (i) the invalidity or
unenforceability of any term or provision in any Letter of Credit, any document transferring or purporting to transfer a Letter of Credit, any Loan Document (including the sufficiency of any such instrument), or any modification to any provision of
any of the foregoing, (ii) any document presented under a Letter of Credit being forged, fraudulent, invalid, insufficient or inaccurate in any respect or failing to comply with the terms of such Letter of Credit or (iii) any loss or

  
 5 

 
delay, including in the transmission of any document, (B) the existence of any setoff, claim, abatement, recoupment, defense or other right that any Person (including any Credit Party) may
have against the beneficiary of any Letter of Credit or any other Person, whether in connection with any Loan Document or any other Contractual Obligation or transaction, or the existence of any other withholding, abatement or reduction, (C) in
the case of the obligations of any Revolving Lender, (i) the failure of any condition precedent set forth in Section 2.2 to be satisfied (each of which conditions precedent the Revolving Lenders hereby irrevocably waive) or
(ii) any adverse change in the condition (financial or otherwise) of any Credit Party and (D) any other act or omission to act or delay of any kind of Agent, any Lender or any other Person or any other event or circumstance whatsoever,
whether or not similar to any of the foregoing, that might, but for the provisions of this clause (vii), constitute a legal or equitable discharge of any obligation of Borrower or any Revolving Lender hereunder. No provision hereof shall be
deemed to waive or limit Borrower’s right to seek repayment of any payment of any L/C Reimbursement Obligations from the L/C Issuer under the terms of the applicable L/C Reimbursement Agreement or applicable law. 

(d) Swingline Loans. 

(i) Availability. Subject to the terms and conditions of this Agreement and in reliance upon the
representations and warranties of the Credit Parties contained herein, the Swingline Lender may, in its sole discretion, make Loans (each a “Swingline Loan”) available to the Borrower under the Revolving Loan Commitments from time
to time on any Business Day during the period from the Closing Date through the Final Revolving Loan Availability Date in an aggregate principal amount at any time outstanding not to exceed its Swingline Commitment; provided, however, that
the Swingline Lender may not make any Swingline Loan (x) to the extent that after giving effect to such Swingline Loan, the aggregate principal amount of all Revolving Loans would exceed the Maximum Revolving Loan Balance and (y) during
the period commencing on the first Business Day after it receives notice from Agent or the Required Revolving Lenders that one or more of the conditions precedent contained in Section 2.2 are not satisfied and ending when such conditions
are satisfied or duly waived. In connection with the making of any Swingline Loan, the Swingline Lender may but shall not be required to determine that, or take notice whether, the conditions precedent set forth in Section 2.2 have been
satisfied or waived. Each Swingline Loan shall be a Base Rate Loan and must be repaid as provided herein, but in any event must be repaid in full on the Revolving Termination Date. Within the limits set forth in the first sentence of this clause
(i), amounts of Swingline Loans repaid may be reborrowed under this clause (i). 

(ii) Borrowing Procedures. In order to request a Swingline Loan, the Borrower shall give to Agent
a notice to be received not later than 2:00 p.m. (New York time) on the day of the proposed Borrowing, which shall be made in a writing or in an Electronic Transmission substantially in the form of Exhibit 1.1(d) or in a writing in any
other form acceptable to Agent duly completed (a “Swingline Request”). In addition, if any Notice of Borrowing of Revolving Loans requests a Borrowing of Base Rate Loans, the Swingline Lender may, notwithstanding anything else to
the contrary herein, make a 

  
 6 

 
Swingline Loan to the Borrower in an aggregate amount not to exceed such proposed Borrowing, and the aggregate amount of the corresponding proposed Borrowing shall be reduced accordingly by the
principal amount of such Swingline Loan. Agent shall promptly notify the Swingline Lender of the details of the requested Swingline Loan. Upon receipt of such notice and subject to the terms of this Agreement, the Swingline Lender may make a
Swingline Loan available to the Borrower by making the proceeds thereof available to Agent and, in turn, Agent shall make such proceeds available to the Borrower on the date set forth in the relevant Swingline Request or Notice of Borrowing.

 (iii) Refinancing Swingline Loans. 

(1) The Swingline Lender may at any time (and shall no less frequently than once each week) forward a
demand to Agent (which Agent shall, upon receipt, forward to each Revolving Lender) that each Revolving Lender pay to Agent, for the account of the Swingline Lender, such Revolving Lender’s Commitment Percentage of the outstanding Swingline
Loans (as such amount may be increased pursuant to Section 1.11(e)(ii)). 
 (2)
Each Revolving Lender shall pay the amount owing by it to Agent for the account of the Swingline Lender on the Business Day following receipt of the notice or demand therefor. Payments received by Agent after 1:00 p.m. (New York time) may, in
Agent’s discretion, be deemed to be received on the next Business Day. Upon receipt by Agent of such payment (other than during the continuation of any Event of Default under subsection 7.1(f) or 7.1(g)), such Revolving Lender shall be deemed
to have made a Revolving Loan to the Borrower, which, upon receipt of such payment by the Swingline Lender from Agent, the Borrower shall be deemed to have used in whole to refinance such Swingline Loan. In addition, regardless of whether any such
demand is made, upon the occurrence of any Event of Default under Section 7.1(f) or 7.1(g), each Revolving Lender shall be deemed to have acquired, without recourse or warranty, an undivided interest and participation in each
Swingline Loan in an amount equal to such Lender’s Commitment Percentage of such Swingline Loan. If any payment made by any Revolving Lender as a result of any such demand is not deemed a Revolving Loan, such payment shall be deemed a funding
by such Lender of such participation. Such participation shall not be otherwise required to be funded. Upon receipt by the Swingline Lender of any payment from any Revolving Lender pursuant to this clause (iii) with respect to any
portion of any Swingline Loan, the Swingline Lender shall promptly pay over to such Revolving Lender all payments of principal (to the extent received after such payment by such Lender) and interest (to the extent accrued with respect to periods
after such payment) on account of such Swingline Loan received by the Swingline Lender with respect to such portion. 
 (iv) Obligation to Fund Absolute. Each Revolving Lender’s obligations pursuant to clause (iii) above shall be absolute, unconditional and irrevocable and shall be performed
strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever, including (A) the existence of any setoff, claim, abatement, recoupment, defense or other right that such Lender, any Affiliate thereof or any
other Person may have against the Swingline Lender, Agent, any other Lender or L/C 

  
 7 

 
Issuer or any other Person, (B) the failure of any condition precedent set forth in Section 2.2 to be satisfied or the failure of the Borrower to deliver a Notice of Borrowing
(each of which requirements the Revolving Lenders hereby irrevocably waive) and (C) any adverse change in the condition (financial or otherwise) of any Credit Party. 

1.2 Notes. 

(a) The CAPEX Loans made by each CAPEX Lender with a CAPEX Loan Commitment shall be evidenced by this
Agreement and the Register and, if requested by such Lender, a CAPEX Note payable to such Lender in an amount equal to such Lender’s CAPEX Loan Commitment. 

(b) The Revolving Loans made by each Revolving Lender shall be evidenced by this Agreement and, if
requested by such Lender, a Revolving Note payable to such Lender in an amount equal to such Lender’s Revolving Loan Commitment. 
 (c) Swingline Loans made by the Swingline Lender shall be evidenced by this Agreement and the Register and, if requested by such Lender, a Swingline Note in an amount equal to the Swingline Commitment.

 1.3 Interest. 

(a) Subject to Sections 1.3(c) and 1.3(d), each Loan shall bear interest on the outstanding
principal amount thereof from the date when made at a rate per annum equal to the LIBOR or the Base Rate, as the case may be, plus the Applicable Margin; provided, that Swingline Loans may not be LIBOR Rate Loans. Each determination of
an interest rate by Agent shall be conclusive and binding on Borrower and the Lenders in the absence of manifest error. All computations of fees and, with respect to LIBOR Rate Loans, interest payable under this Agreement shall be made on the basis
of a 360-day year and actual days elapsed and with respect to Base Rate Loans, all computations of interest payable under this Agreement shall be made on the basis of a 365/366-day year and actual days elapsed. Interest and fees shall accrue during
each period during which interest or such fees are computed from the first day thereof to the last day thereof. 
 (b) Interest on each Loan shall be paid in arrears on each Interest Payment Date. Interest shall also be paid on the date of any payment or prepayment of the CAPEX Loans in full and on the Revolving Loans
on the Revolving Termination Date. 
 (c) Immediately upon the occurrence and during the
continuance of an Event of Default under Section 7.1(f) and 7.1(g), or at the election of Agent or the Required Lenders upon the occurrence and during the continuance of any other Event of Default, Borrower shall pay interest
(after as well as before entry of judgment thereon to the extent permitted by law) on the Loans from and after the date of occurrence and during the continuance of such Event of Default, at a rate per annum which is determined by adding two percent
(2.0%) per annum to the Applicable Margin then in effect for such Loans (plus the LIBOR or Base Rate, as the case may be). All such interest shall be payable on demand of Agent or the Required Lenders. 

  
 8 

 (d) Anything herein to the contrary notwithstanding, the
obligations of Borrower hereunder shall be subject to the limitation that payments of interest shall not be required, for any period for which interest is computed hereunder, to the extent (but only to the extent) that contracting for or receiving
such payment by the respective Lender would be contrary to the provisions of any law applicable to such Lender limiting the highest rate of interest which may be lawfully contracted for, charged or received by such Lender, and in such event Borrower
shall pay such Lender interest at the highest rate permitted by applicable law (“Maximum Lawful Rate”); provided, however, that if at any time thereafter the rate of interest payable hereunder is less than the Maximum Lawful
Rate, Borrower shall continue to pay interest hereunder at the Maximum Lawful Rate until such time as the total interest received by Agent, on behalf of Lenders, is equal to the total interest that would have been received had the interest payable
hereunder been (but for the operation of this paragraph) the interest rate payable since the Closing Date as otherwise provided in this Agreement. 

1.4 Loan Accounts. 

(a) Agent, on behalf of the Lenders, shall record on its books and records the amount of each Loan made,
the interest rate applicable, all payments of principal and interest thereon and the principal balance thereof from time to time outstanding. Agent shall deliver to Borrower on a monthly basis a loan statement setting forth such record for the
immediately preceding calendar month. Such record shall, absent manifest error, be conclusive evidence of the amount of the Loans made by the Lenders to Borrower and the interest and payments thereon. Any failure to so record or any error in doing
so, or any failure to deliver such loan statement shall not, however, limit or otherwise affect the obligation of Borrower hereunder (and under any Note) to pay any amount owing with respect to the Loans or provide the basis for any claim against
Agent. 
 (b) Agent, acting as a non-fiduciary agent of Borrower solely for tax purposes and
solely with respect to the actions described in this Section 1.4(b), shall establish and maintain at its address referred to in Section 9.2 (or at such other address as Agent may notify Borrower) (A) a record of
ownership (the “Register”) in which Agent agrees to register by book entry the interests (including any rights to receive payment hereunder) of Agent, each Lender and each L/C Issuer in the CAPEX Loans, Revolving Loans, Swingline
Loans, L/C Reimbursement Obligations and Letter of Credit Obligations, each of their obligations under this Agreement to participate in each Loan, Letter of Credit, Letter of Credit Obligations and L/C Reimbursement Obligations, and any assignment
of any such interest, obligation or right and (B) accounts in the Register in accordance with its usual practice in which it shall record (1) the names and addresses of the Lenders and the L/C Issuers (and each change thereto pursuant to
Sections 9.9 and 9.22), (2) the Commitments of each Lender, (3) the amount of each Loan and each funding of any participation described in clause (A) above, and for LIBOR Rate Loans, the Interest Period applicable
thereto, (4) the amount of any principal or interest due and payable or paid, (5) the amount of the L/C Reimbursement Obligations due and payable or paid in respect of Letters of Credit and (6) any other payment received by Agent from
Borrower and its application to the Obligations. 

  
 9 

 (c) Notwithstanding anything to the contrary contained in
this Agreement, the Loans (including any Notes evidencing such Loans and, in the case of Revolving Loans, the corresponding obligations to participate in Letter of Credit Obligations and Swingline Loans) and the L/C Reimbursement Obligations are
registered obligations, the right, title and interest of the Lenders and the L/C Issuers and their assignees in and to such Loans or L/C Reimbursement Obligations, as the case may be, shall be transferable in accordance with the terms herein and
only upon notation of such transfer in the Register and no assignment thereof shall be effective until recorded therein. This Section 1.4 and Section 9.9 shall be construed so that the Loans and L/C Reimbursement Obligations
are at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code. 
 (d) The Credit Parties, Agent, the Lenders and the L/C Issuers shall treat each Person whose name is recorded in the Register as a Lender or L/C Issuer, as applicable, for all purposes of this Agreement.
Information contained in the Register with respect to any Lender or any L/C Issuer shall be available for access by Borrower, Agent, such Lender or such L/C Issuer during normal business hours and from time to time upon at least one Business
Day’s prior notice. No Lender or L/C Issuer shall, in such capacity, have access to or be otherwise permitted to review any information in the Register other than information with respect to such Lender or L/C Issuer unless otherwise agreed by
the Agent. 
 1.5 Procedure for Borrowing. 

(a) Each Borrowing of a CAPEX Loan or a Revolving Loan shall be made upon Borrower’s irrevocable
(subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 12:00 noon (New York
time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan, and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each
LIBOR Rate Loan. Such Notice of Borrowing shall specify and certify: 
 (i) the amount of the
Borrowing (which shall be in an aggregate minimum principal amount of (A) with respect to a CAPEX Loan, $2,500,000 (other than the final Borrowing hereunder), and (B) with respect to a Revolving Loan, $100,000); 

(ii) the requested Borrowing date, which shall be a Business Day; 

(iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; 

(iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans; and

 (v) with respect to a CAPEX Loan, that each of the conditions in
Section 2.2(d)(ii) have been met. 
 (b) Upon receipt of a Notice of Borrowing,
Agent will promptly notify each Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing of a CAPEX Loan or Revolving Loan, as applicable. 

  
 10 

 (c) Unless Agent is otherwise directed in writing by
Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to Borrower by Agent by wire transfer of such amount to Borrower pursuant to the wire transfer instructions specified on the signature page hereto.

 1.6 Conversion and Continuation Elections. 

(a) Borrower shall have the option to (i) request that any Loan be made as a
LIBOR Rate Loan, (ii) convert at any time all or any part of outstanding Loans (other than Swingline Loans) from Base Rate Loans to LIBOR Rate Loans, (iii) convert any LIBOR Rate Loan to a Base Rate Loan, subject to
Section 10.4 if such conversion is made prior to the expiration of the Interest Period applicable thereto, or (iv) continue all or any portion of any Loan as a LIBOR Rate Loan upon the expiration of the applicable Interest Period.
Any Loan or group of Loans having the same proposed Interest Period to be made or continued as, or converted into, a LIBOR Rate Loan must be in a minimum amount of $1,000,000 and integral multiples of $100,000 in excess of such amount. Any such
election must be made by Borrower by 12:00 noon (New York time) on the 3rd Business Day prior to (1) the date of any proposed Loan which is to bear interest at LIBOR, (2) the end of each Interest Period with respect to any LIBOR Rate Loans to be continued as such, or
(3) the date on which Borrower wishes to convert any Base Rate Loan to a LIBOR Rate Loan for an Interest Period designated by Borrower in such election. If no election is received with respect to a LIBOR Rate Loan by 12:00 noon (New York time)
on the 3rd Business Day prior to the end of the Interest
Period with respect thereto, that LIBOR Rate Loan shall be converted to a LIBOR Rate Loan with an Interest Period of one month. Borrower must make such election by notice to Agent in writing, including by Electronic Transmission. In the case of any
conversion or continuation, such election must be made pursuant to a written notice (a “Notice of Conversion/Continuation”) substantially in the form of Exhibit 1.6 or in a writing in any other form acceptable to Agent. No Loan
shall be made, converted into or continued as a LIBOR Rate Loan, if an Event of Default has occurred and is continuing and Agent or Required Lenders have determined not to make or continue any Loan as a LIBOR Rate Loan as a result thereof.

 (b) Upon receipt of a Notice of Conversion/Continuation, Agent will promptly notify each
Lender thereof. In addition, Agent will, with reasonable promptness, notify Borrower and the Lenders of each determination of LIBOR; provided that any failure to do so shall not relieve Borrower of any liability hereunder or provide the basis
for any claim against Agent. All conversions and continuations shall be made pro rata according to the respective outstanding principal amounts of the Loans held by each Lender with respect to which the notice was given. 

(c) Notwithstanding any other provision contained in this Agreement, after giving effect to any
Borrowing, or to any continuation or conversion of any Loans, there shall not be more than seven (7) different Interest Periods in effect. 

  
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 1.7 Optional Prepayments; Commitment Reduction and Termination.

 (a) Borrower may, at any time, prepay the Revolving Loans and Swingline Loans (without a reduction or
termination of the Aggregate Revolving Loan Commitment) in whole or in part without penalty or premium except as provided in Section 10.4. 
 (b) Borrower shall have the right from time to time to (i) permanently reduce in part or terminate the Aggregate Revolving Loan Commitment, or (ii) prepay the CAPEX Loans in whole or in part, in
each case, upon payment of the amounts required pursuant to Sections 1.9(d) and 10.4, upon at least three (3) Business Days’ prior written notice delivered to Agent; provided, that (A) any such prepayment of CAPEX
Loans shall be in minimum amounts of $100,000, and (B) any such reduction in the Aggregate Revolving Loan Commitment shall be in the minimum amount of $5,000,000 and provided that no such reduction reduces the Aggregate Revolving Loan
Commitment to an amount that is less than the then outstanding Revolving Loans, unless concurrent with such reduction the outstanding principal balance of the Revolving Loan (including the outstanding amounts of Letters of Credit) is concurrently
reduced such that the outstanding principal balance of the Revolving Loans (including the outstanding amount of Letters of Credit) is not greater than the Aggregate Revolving Loan Commitment as so reduced. Upon any such reduction, the Revolving Loan
Commitment of each Lender shall automatically and permanently be reduced by an amount equal to such Lender’s ratable share of such reduction. No notice of prepayment shall be revocable by Borrower, and Agent will promptly notify any Lender
thereof and of such Lender’s Commitment Percentage of such prepayment; provided, that a notice of prepayment of, or termination in respect of, the Aggregate Revolving Loan Commitment or the Aggregate CAPEX Loan Commitment delivered by
Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by Borrower (by notice to Agent on or prior to the specified effective date) if such condition is not
satisfied and so long as Borrower shall have paid any amounts required to be paid to any Lender pursuant to Section 10.4 in connection with such notice of prepayment. Subject to the proviso in the immediately preceding sentence, the
payment amount specified in any notice of prepayment shall be due and payable on the date specified therein, together with any amounts required pursuant to Sections 1.9 and 10.4. 

1.8 Repayment of Loans. 
 (a) CAPEX Loan. Borrower shall repay the outstanding principal amount of the CAPEX Loans as follows: (i) commencing on the First CAPEX Loan Payment Date and on the first day of each of the
next seven Fiscal Quarters, payment in the amount of 2.5% of the Maximum CAPEX Loan Amount; and (ii) on the first day of each subsequent Fiscal Quarter until the CAPEX Loan Termination Date, payment in the amount of 6.25% of the Maximum CAPEX
Loan Amount. The remaining outstanding amount under the CAPEX Loans will be due on the CAPEX Loan Termination Date. 
 (b) Revolving Loan. Borrower shall repay to the Lenders in full on the Revolving Termination Date the aggregate principal amount of the Revolving Loans, Swingline Loans, and all other Obligations
outstanding on the Revolving Termination Date. 

  
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 (c) Asset Dispositions and Events of Loss. If a Credit Party or any
Subsidiary of a Credit Party shall, at any time or from time to time, after the date on which the first CAPEX Loan is made to Borrower: 
 (i) make or agree in writing to make a Disposition; or 
 (ii) suffer an Event of Loss; 
 and the aggregate amount of the Net Proceeds
received by the Credit Parties and their Subsidiaries in connection with such Disposition or Event of Loss and all other Dispositions and Events of Loss occurring during the Fiscal Year exceeds $2,500,000, then (A) the Borrower shall promptly
notify Agent of such proposed Disposition or Event of Loss (including the amount of the estimated Net Proceeds to be received by a Credit Party and/or such Subsidiary in respect thereof) and (B) promptly upon receipt by a Credit Party and/or
such Subsidiary of the Net Proceeds of such Disposition or Event of Loss, the Borrower shall deliver, or cause to be delivered, such excess Net Proceeds to Agent for distribution to the Lenders as a prepayment of the Loans, which prepayment shall be
applied in accordance with Section 1.8(d). Notwithstanding the foregoing and provided no Default or Event of Default has occurred and is continuing, such prepayment shall not be required to the extent a Credit Party or such Subsidiary
repairs, replaces or restores Property of such Credit Party or reinvests the Net Proceeds of such Disposition or Event of Loss in productive assets (other than Inventory) of a kind then used or usable in the business of Borrower or such Subsidiary,
within two hundred and seventy (270) days after the date on which any Credit Party or its Subsidiaries receives such proceeds resulting from such Disposition or Event of Loss or enters into a binding commitment thereof within said two hundred
and seventy (270) day period and subsequently makes such reinvestment within three hundred and sixty (360) days after the date on which such Credit Party or such Subsidiary receives such proceeds; provided that the Borrower promptly
notifies (I) Agent of Borrower’s or such Subsidiary’s intent to reinvest such proceeds or repair, replace or restore such Property at the time such proceeds are received and (II) of the completion of such reinvestment, repair,
replacement or restoration when such reinvestment, repair, replacement or restoration is completed. If, at the end of such three hundred and sixty (360) day period referenced in the preceding sentence, Borrower or such Subsidiary is diligently
pursuing the reinvestment of such proceeds or repair, replacement or restoration of such Property, Agent may, in its sole discretion, agree to extend such three hundred and sixty (360) day period by ninety (90) days. 

(d) Application of Prepayments. Subject to Sections 1.8(c) and 1.10(c), any prepayments (other than
prepayments of Revolving Loans and Swingline Loans) shall be applied first to any remaining amortization payments under the CAPEX Loans in direct order, second to any principal due under the CAPEX Loans on the CAPEX Loan Termination
Date, third to prepay outstanding Swingline Loans, and fourth to prepay outstanding Revolving Loans (without a permanent reduction of the Revolving Loan Commitment). To the extent permitted by the foregoing, amounts prepaid shall be
applied first to any Base Rate Loans then outstanding and then to outstanding LIBOR Rate Loans with the shortest Interest Periods remaining. Together with each prepayment or repayment under Sections 1.7 and 1.8, Borrower shall pay any
amounts required pursuant to Section 10.4 hereof. 

  
 13 

 1.9 Fees. 

(a) Fees. Borrower shall pay to Agent, for Agent’s own account, fees in the amounts and at the times set
forth in a letter agreement between Borrower and Agent dated of even date herewith (as amended from time to time, the “Fee Letter”). 
 (b) Unused Commitment Fee. 
 (i) Borrower shall
pay to Agent a fee (the “Unused Revolving Commitment Fee”) for the account of each Revolving Lender in an amount equal to 
 (1) the average daily balance of the Revolving Loan Commitment of such Revolving Lender during the preceding Fiscal Quarter, less 

(2) the sum of the average daily balance of all Revolving Loans held by such Revolving Lender plus
(y) the average daily amount of Letter of Credit Obligations held by such Revolving Lender plus (z) in the case of the Swingline Lender, the average daily balance of all outstanding Swingline Loans held by such Swingline Lender, in
each case, during the preceding Fiscal Quarter; provided, that in no event shall the amount computed pursuant to clauses (1) and (2) with respect to Swingline Lender be less than zero; 

(3) multiplied by one-half of one percent (0.50%) per annum. 

(ii) Borrower shall pay to Agent a fee (the “Unused CAPEX Commitment Fee”) for the
account of each CAPEX Lender in an amount equal to 
 (1) the average daily balance of the
Available CAPEX Loan Balance of such CAPEX Lender during the preceding Fiscal Quarter, 
 (2)
multiplied by three-quarters of one percent (0.75%) per annum. 
 The total Unused Revolving Commitment Fee and Unused CAPEX
Commitment Fee paid by Borrower will be equal to the sum of all of the Unused Revolving Commitment Fees and Unused CAPEX Commitment Fees due to the Lenders, subject to Section 1.11(e)(vi). Such fee shall be payable quarterly in arrears
on the first day of the Fiscal Quarter following the date hereof and the first day of each Fiscal Quarter thereafter. The Unused Revolving Commitment Fee and Unused CAPEX Commitment Fee provided in this Section 1.9(b) shall accrue at all
times from and after the Closing Date. 
 (c) Letter of Credit Fee. Borrower agrees to pay to Agent for
the ratable benefit of the Revolving Lenders, as compensation to such Lenders for Letter of Credit Obligations incurred hereunder, (i) without duplication of costs and expenses otherwise payable to Agent or Lenders hereunder or fees otherwise
paid by Borrower, all reasonable costs and expenses incurred by Agent or any Lender on account of such Letter of Credit Obligations, and (ii) for each Fiscal Quarter during which any Letter of Credit Obligation shall remain outstanding, a fee
(the “Letter of Credit Fee”) in an amount equal to the product of the average 

  
 14 

 
daily undrawn face amount of all Letters of Credit issued, guaranteed or supported by risk participation agreements multiplied by a per annum rate equal to the Applicable Margin with respect to
Revolving Loans which are LIBOR Rate Loans; provided, however, at Agent’s or Required Revolving Lenders’ option, while an Event of Default exists (or automatically while an Event of Default under Section 7.1(f) or
7.1(g) exists), such rate shall be increased by two percent (2.00%) per annum. Such fee shall be paid to Agent for the benefit of the Revolving Lenders in arrears, on the first day of each Fiscal Quarter and on the date on which
all L/C Reimbursement Obligations have been discharged. In addition, Borrower shall pay to Agent, any L/C Issuer or any prospective L/C Issuer, as appropriate, on demand, such L/C Issuer’s or prospective L/C Issuer’s customary fees at then
prevailing rates, without duplication of fees otherwise payable hereunder (including all per annum fees), charges and expenses of such L/C Issuer or prospective L/C Issuer in respect of the application for, and the issuance, negotiation, acceptance,
amendment, transfer and payment of, each Letter of Credit or otherwise payable pursuant to the application and related documentation under which such Letter of Credit is issued. 

(d) Prepayment Fee. If (i) Borrower prepays the Loans and in connection therewith reduces or terminates the
Aggregate Revolving Loan Commitment or the CAPEX Loan Commitment, whether voluntarily or involuntarily and whether before or after acceleration of the Obligations (other than by means of mandatory prepayments under Section 1.8(c)), or
(ii) any of the Revolving Loan Commitments or the CAPEX Loan Commitments are otherwise terminated, then Borrower shall pay to Agent, for the pro rata benefit of the applicable Lenders, as liquidated damages and compensation for the costs of
being prepared to make funds available hereunder an amount equal to the Applicable Percentage multiplied by the amount of the reduction of the Aggregate Revolving Loan Commitment and the CAPEX Loan Commitment. As used herein, the term
“Applicable Percentage” shall mean (x) one percent (1.0%), in the case of a prepayment or termination on or prior to the third anniversary or the Closing Date, and (y) zero percent (0%), in the case of a prepayment or
termination after the third anniversary of the Closing Date. The Credit Parties agree that the Applicable Percentage is a reasonable calculation of Lenders’ lost profits in view of the difficulties and impracticality of determining actual
damages resulting from a prepayment and/or an early repayment of the Loans or early termination of the Commitments. 
 1.10 Payments by Borrower. 
 (a) All payments (including
prepayments) to be made by each Credit Party on account of principal, interest, fees and other amounts required hereunder shall be made without set off, recoupment, counterclaim or deduction of any kind, shall, except as otherwise expressly provided
herein, be made to Agent (for the ratable account of the Persons entitled thereto) at the address for payment specified in the signature page hereof in relation to Agent (or such other address as Agent may from time to time specify in accordance
with Section 9.2), including payments utilizing the ACH system, and shall be made in Dollars and by wire transfer or ACH transfer in immediately available funds (which shall be the exclusive means of payment hereunder), no later than
1:00 p.m. (New York time) on the date due. Any payment which is received by Agent later than 1:00 p.m. (New York time) may in Agent’s discretion be deemed to have been received on the immediately succeeding Business Day and any applicable
interest or fee shall continue to accrue. Borrower and each other Credit Party hereby irrevocably waives the 

  
 15 

 
right to direct the application during the continuance of an Event of Default of any and all payments in respect of any Obligation and any proceeds of Collateral. Borrower hereby authorizes Agent
and each Lender to make a Revolving Loan (which shall be a Base Rate Loan and which may be a Swingline Loan) to pay (i) interest, principal (including Swingline Loans), L/C Reimbursement Obligations, agent fees, Unused Commitment Fees and
Letter of Credit Fees, in each instance, on the date due, or (ii) after five (5) days’ prior notice to Borrower, other fees, costs or expenses payable by Borrower or any of its Subsidiaries hereunder or under the other Loan Documents.

 (b) Subject to the provisions set forth in the definition of “Interest Period” herein, if any
payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of interest or fees, as the
case may be. 
 (c) During the continuance of an Event of Default, Agent may, and shall upon the direction of
Required Lenders apply any and all payments received by Agent in respect of any Obligation in accordance with clauses first through sixth below. Notwithstanding any provision herein to the contrary, all payments made by Credit Parties to Agent after
any or all of the Obligations have been accelerated (so long as such acceleration has not been rescinded), including proceeds of Collateral, shall be applied as follows: 

first, to payment of costs and expenses, including Attorney Costs, of Agent payable or reimbursable
by the Credit Parties under the Loan Documents; 
 second, to payment of Attorney Costs
of Lenders payable or reimbursable by Borrower under this Agreement; 
 third, to payment
of all accrued unpaid interest on the Obligations (other than Obligations relating to any Bank Products) and fees owed to Agent, Lenders and L/C Issuers; 

fourth, to payment of principal of the Obligations including, without limitation, L/C
Reimbursement Obligations then due and payable, any Obligations under any Bank Products and cash collateralization of unmatured L/C Reimbursement Obligations to the extent not then due and payable; 

fifth, to payment of any other amounts owing constituting Obligations; and 

sixth, any remainder shall be for the account of and paid to whoever may be lawfully entitled
thereto. 
 In carrying out the foregoing, (i) amounts received shall be applied in the numerical order
provided until exhausted prior to the application to the next succeeding category and (ii) each of the Lenders or other Persons entitled to payment shall receive an amount equal to its pro rata share of amounts available to be applied pursuant
to clauses third, fourth and fifth above. 

  
 16 

 1.11 Payments by the Lenders to Agent; Settlement. 

(a) Agent may, on behalf of Lenders, disburse funds to Borrower for Loans requested. Each Lender shall reimburse Agent on
demand for all funds disbursed on its behalf by Agent, or if Agent so requests, each Lender will remit to Agent its Commitment Percentage of any Loan before Agent disburses same to Borrower. If Agent elects to require that each Lender make funds
available to Agent prior to disbursement by Agent to Borrower, Agent shall advise each Lender by telephone or fax of the amount of such Lender’s Commitment Percentage of the Loan requested by Borrower no later than the Business Day prior to the
scheduled Borrowing date applicable thereto, and each such Lender shall pay Agent such Lender’s Commitment Percentage of such requested Loan, in same day funds, by wire transfer to Agent’s account, as set forth on Agent’s signature
page hereto, no later than 12:00 noon (New York time) on such scheduled Borrowing date. If any Lender fails to pay its Commitment Percentage within one (1) Business Day after Agent’s demand, Agent shall promptly notify Borrower and
Borrower shall immediately repay such amount to Agent. Any repayment required pursuant to this Section 1.11(a) shall be without premium or penalty. Nothing in this Section 1.11(a) or elsewhere in this Agreement or the other
Loan Documents, including the remaining provisions of Section 1.11, shall be deemed to require Agent to advance funds on behalf of any Lender or to relieve any Lender from its obligation to fulfill its Commitments hereunder or to
prejudice any rights that Agent any Lender or Borrower may have against any Lender as a result of any default by such Lender hereunder. 
 (b) At least once each calendar week or more frequently at Agent’s election (each, a “Settlement Date”), Agent shall advise each Lender by telephone or fax of the amount of such
Lender’s Commitment Percentage of principal, interest and Fees paid for the benefit of Lenders with respect to each applicable Loan. Agent shall pay to each Lender such Lender’s Commitment Percentage (except as otherwise provided in
Section 1.1(c)(vi) and Section 1.11(e)(iv)) of principal, interest and fees paid by the Borrower since the previous Settlement Date for the benefit of such Lender on the Loans held by it; provided, however, that in the case
of any payment of principal received by Agent from the Borrower in respect of any CAPEX Loan prior to 1:00 p.m. (New York time) on any Business Day, Agent shall pay to each applicable Lender such Lender’s CAPEX Commitment Percentage of such
payment on such Business Day, and, in the case of any payment of principal received by Agent from Borrower in respect of any CAPEX Loan later than 1:00 p.m. (New York time) on any Business Day, Agent shall pay to each applicable Lender such
Lender’s CAPEX Commitment Percentage of such payment on the next Business Day. Except as provided in the preceding proviso with respect to CAPEX Loan payments, such payments shall be made by wire transfer to such Lender) not later than 2:00
p.m. (New York time) on the next Business Day following each Settlement Date. 
 (c) Availability of
Lender’s Commitment Percentage. Agent may assume that each Lender will make its Revolving Commitment Percentage of each Revolving Loan or its CAPEX Commitment Percentage of each CAPEX Loan available to Agent on each Borrowing date. If such
Commitment Percentage is not, in fact, paid to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without setoff, counterclaim or deduction of any kind. If any Lender fails to pay the amount of
its Commitment Percentage forthwith upon Agent’s demand, Agent shall promptly notify Borrower and Borrower shall immediately repay such amount to Agent. Nothing in this Section 1.11(c) or elsewhere in

  
 17 

 
this Agreement or the other Loan Documents shall be deemed to require Agent to advance funds on behalf of any Lender or to relieve any Lender from its obligation to fulfill its Commitments
hereunder or to prejudice any rights that Borrower may have against any Lender as a result of any default by such Lender hereunder. Without limiting the provisions of Section 1.11(b), to the extent that Agent advances funds to Borrower
on behalf of any Lender and is not reimbursed therefor on the same Business Day as such advance is made, Agent shall be entitled to retain for its account all interest accrued on such advance from the date such advance was made until reimbursed by
the applicable Lender. 
 (d) Return of Payments. 

(i) If Agent pays an amount to a Lender under this Agreement in the belief or expectation that a related
payment has been or will be received by Agent from Borrower and such related payment is not received by Agent, then Agent will be entitled to recover such amount from such Lender on demand without setoff, counterclaim or deduction of any kind.

 (ii) If Agent determines at any time that any amount received by Agent under this Agreement
or any other Loan Document must be returned to any Credit Party or paid to any other Person pursuant to any insolvency law or otherwise, then, notwithstanding any other term or condition of this Agreement or any other Loan Document, Agent will not
be required to distribute any portion thereof to any Lender. In addition, each Lender will repay to Agent on demand any portion of such amount that Agent has distributed to such Lender, together with interest at such rate, if any, as Agent is
required to pay to Borrower or such other Person, without setoff, counterclaim or deduction of any kind, and Agent will be entitled to set-off against future distributions to such Lender any such amounts (with interest) that are not repaid on
demand. 
 (e) Non-Funding Lenders. 

(i) Responsibility. The failure of any Non-Funding Lender to make any Revolving Loan or any CAPEX
Loan, to fund any purchase of any participation to be made or funded by it, or to make any payment required by it hereunder on the date specified therefor shall not relieve any other Lender of its obligations to make such loan, fund the purchase of
any such participation, or make any other payment required hereunder on such date, and neither Agent nor, other than as expressly set forth herein, any other Lender shall be responsible for the failure of any Non-Funding Lender to make a loan, fund
the purchase of a participation or make any other payment required hereunder. 
 (ii)
Reallocation. If any Revolving Lender is a Non-Funding Lender, all or a portion of such Non-Funding Lender’s Letter of Credit Obligations (unless such Lender is the L/C Issuer that issued such Letter of Credit) and reimbursement
obligations with respect to Swingline Loans shall, at Agent’s election at any time or upon any L/C Issuer’s or Swingline Lender’s, as applicable, written request delivered to Agent (whether before or after the occurrence of any
Default or Event of Default), be reallocated to and assumed by the Revolving Lenders that are not Non-Funding Lenders or Impacted 

  
 18 

 
Lenders pro rata in accordance with their Commitment Percentages of the Aggregate Revolving Loan Commitment (calculated as if the Non-Funding Lender’s Commitment Percentage was reduced to
zero and each other Revolving Lender’s (other than an Impacted Lender’s) Commitment Percentage had been increased proportionately); provided, that no Revolving Lender shall be reallocated any such amounts or be required to fund any
amounts that would cause the sum of its outstanding Revolving Loans, and outstanding Letter of Credit Obligations, amounts of its participations in Swingline Loans and its pro rata share of unparticipated amounts in Swingline Loans to exceed its
Revolving Loan Commitment. 
 (iii) Voting Rights. Notwithstanding anything set forth
herein to the contrary, including Section 9.1, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Loan Document or constitute a “Lender” or a “Revolving Lender” or a
“CAPEX Lender” (or be, or have its Loans and Commitments, included in the determination of “Required Lenders”, “Required Revolving Lenders”, “Required CAPEX Lenders”, “Supermajority Lenders” or
“Lenders directly affected” pursuant to Section 9.1) for any voting or consent rights under or with respect to any Loan Document; provided that (A) the Commitment of a Non-Funding Lender may not be increased,
extended or reinstated, (B) the principal of a Non-Funding Lender’s Loans may not be reduced or forgiven, and (C) the interest rate applicable to Obligations owing to a Non-Funding Lender may not be reduced, in each case, without the
consent of such Non-Funding Lender. Moreover, for the purposes of determining Required Lenders, Required Revolving Lenders, Required CAPEX Lenders or Supermajority Lenders, the Loans, Letter of Credit Obligations, and Commitments held by Non-Funding
Lenders shall be excluded from the total Loans and Commitments outstanding. 
 (iv) Borrower
Payments to a Non-Funding Lender. Agent shall be authorized to use all portions of any payments received by Agent for the benefit of any Non-Funding Lender pursuant to this Agreement to pay in full the Aggregate Excess Funding Amount to the
appropriate Secured Parties thereof. Agent shall be entitled to hold as cash collateral in a non-interest bearing account up to an amount equal to such Non-Funding Lender’s pro rata share, without giving effect to any reallocation pursuant to
Section 1.11(e)(ii), of all Letter of Credit Obligations until the Obligations are paid in full in cash, all Letter of Credit Obligations have been discharged or cash collateralized and all Commitments have been terminated. Upon any such
unfunded obligations owing by a Non-Funding Lender becoming due and payable, Agent shall be authorized to use such cash collateral to make such payment on behalf of such Non-Funding Lender. With respect to such Non-Funding Lender’s failure to
fund Loans or purchase participations in Letters of Credit or Letter of Credit Obligations, any amounts applied by Agent to satisfy such funding shortfalls shall be deemed to constitute a Loan or amount of the participation required to be funded
and, if necessary to effectuate the foregoing, the other Lenders shall be deemed to have sold, and such Non-Funding Lender shall be deemed to have purchased, Loans or Letter of Credit participation interests from the other Lenders until such time as
the aggregate amount of the Loans and participations in Letters of Credit and Letter of Credit Obligations are held by the Lenders in accordance with their Commitment Percentages of the Aggregate Revolving Loan Commitment or the Aggregate CAPEX Loan
Commitment, as applicable. Any amounts owing by a Non-

  
 19 

 
Funding Lender to Agent which are not paid when due shall accrue interest at the interest rate applicable during such period to Loans that are Base Rate Loans. In the event that Agent is holding
cash collateral of a Non-Funding Lender that cures pursuant to clause (v) below or ceases to be a Non-Funding Lender pursuant to the definition of Non-Funding Lender, Agent shall return the unused portion of such cash collateral to such Lender.
The “Aggregate Excess Funding Amount” of a Non-Funding Lender shall be the aggregate amount of (A) all unpaid obligations owing by such Lender to the Agent, L/C Issuers, Swingline Lender, and other Lenders under the Loan
Documents, including such Lender’s pro rata share of all Revolving Loans, Letter of Credit Obligations, Swingline Loans, plus, without duplication, (B) all amounts of such Non-Funding Lender reallocated to other Lenders pursuant to
Section 1.11(e)(ii). 
 (v) Cure. A Lender may cure its status as a
Non-Funding Lender under clause (a) of the definition of Non-Funding Lender if such Lender fully pays to Agent, on behalf of the applicable Secured Parties, the Aggregate Excess Funding Amount, plus all interest due thereon. Any such
cure shall not relieve any Lender from liability for breaching its contractual obligations hereunder. 
 (vi) Fees. A Lender that is a Non-Funding Lender pursuant to clause (a) of the definition of Non-Funding Lender shall not earn and shall not be entitled to receive, and Borrower shall
not be required to pay, such Lender’s portion of the Unused Commitment Fee during the time such Lender is a Non-Funding Lender pursuant to clause (a) thereof. In the event that any reallocation of Letter of Credit Obligations occurs
pursuant to Section 1.11(e)(ii), during the period of time that such reallocation remains in effect, the Letter of Credit Fee payable with respect to such reallocated portion shall be payable to (A) all Revolving Lenders based on
their pro rata share of such reallocation or (B) to the L/C Issuer for any remaining portion not reallocated to any other Revolving Lenders. 
 (f) Procedures. Agent is hereby authorized by each Credit Party and each other Secured Party to establish procedures (and to amend such procedures from time to time) to facilitate administration
and servicing of the Loans and other matters incidental thereto. Without limiting the generality of the foregoing, Agent is hereby authorized to establish procedures to make available or deliver, or to accept, notices, documents and similar items
on, by posting to or submitting and/or completion, on E-Systems. 
 1.12 Replacement of Commitments. On
the Closing Date, each Original Lender’s Commitment under the Original Credit Agreement shall automatically be replaced and superseded by the Commitments as set forth on Schedules 1.1(a) and 1.1(b), and Agent shall
cancel each revolving note issued to such Original Lender with respect to such Original Lender’s Revolving Credit Commitment (as defined in the Original Credit Agreement), upon Agent’s receipt or delivery, as the case may be, of the
applicable amount set forth in clauses (a) or (b) below in immediately available funds received no later than 12:00 noon (California time) on the Closing Date: 

  
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 (a) the amount, if any, by which (i) such Lender’s Commitment
Percentage of Advances to be made on the Closing Date, exceeds (ii) its actual outstanding Advances under the Original Credit Agreement as of the Closing Date; or 

(b) the amount, if any, by which (i) such Lender’s actual outstanding Advances under the Original Credit
Agreement as of the Closing Date, exceeds (ii) such Lender’s Commitment Percentage of the Advances to be made on the Closing Date. 
 1.13 Restatement of Obligations. Each Borrower, Agent and each Lender hereby acknowledge and agree that upon satisfaction or waiver in writing of all conditions precedent set forth in
Section 2.1: 
 (a) this Agreement shall amend, restate and supersede in its entirety the Original
Credit Agreement; 
 (b) those other Loan Documents that amend and restate any of the Original Loan Documents
shall amend, restate and supersede such other Original Loan Documents; 
 (c) the Loan Documents (and the
obligations and commitments thereunder) do not constitute an accord and satisfaction or a novation of the obligations and commitments of Credit Parties under the Original Loan Agreement and the other Original Loan Documents; 

(d) all obligations and commitments outstanding under the Original Loan Documents are amended, restated and superseded by
the Loan Documents and will be governed by the terms of this Agreement and the other Loan Documents; 
 (e) the
Collateral will secure the Obligations under this Agreement and the other Loan Documents; and 
 (f) amounts in
respect of interest, fees, and other amounts payable to or for the account of Agent or any Lender shall be calculated in accordance with the provisions of (i) the Original Credit Agreement with respect to any period (or portion thereof) ending
prior to the Closing Date, and (ii) this Agreement with respect to any period (or portion thereof) commencing on or after the Closing Date. 
 Notwithstanding the foregoing or anything to the contrary herein, nothing herein shall be deemed to limit or terminate any of Agent’s or Lenders’ rights under the Original Credit Agreement that
expressly survive the Termination Date (as defined therein). 
 ARTICLE II - 

CONDITIONS PRECEDENT 
 2.1 Conditions of Initial Loans. The obligation of each Lender to make its initial Loans and of each L/C Issuer to Issue, or cause to be Issued, the initial Letters of Credit hereunder is subject
to satisfaction of the following conditions in a manner satisfactory to Agent: 

  
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 (a) Loan Documents. Agent shall have received on or before the
Closing Date all of the agreements, documents, instruments and other items set forth on the closing checklist attached hereto as Exhibit 2.1, each in form and substance reasonably satisfactory to Agent; 

(b) Minimum EBITDA. The Borrower shall have delivered evidence to the reasonable satisfaction of Agent
demonstrating that EBITDA of the Borrower as of December 31, 2011, for the twelve month period then ended shall be not less than $30,000,000; and 
 (c) No Default or Event of Default. No “Default” or “Event of Default” (as each such term is defined in the Original Credit Agreement) shall have occurred and be continuing
under the Original Credit Agreement and the Original Loan Documents. 
 2.2 Conditions to All Borrowings.
Except as otherwise expressly provided herein, no Lender or L/C Issuer shall be obligated to fund any Loan or incur any Letter of Credit Obligation, if, as of the date thereof: 

(a) any representation or warranty by any Credit Party contained herein or in any other Loan Document is untrue or
incorrect in any material respect (without duplication of any materiality qualifier contained therein) as of such date, except to the extent that such representation or warranty expressly relates to an earlier date (in which event such
representations and warranties were untrue or incorrect in any material respect (without duplication of any materiality qualifier contained therein) as of such earlier date), and Agent or Required Lenders have determined not to make such Loan or
incur such Letter of Credit Obligation as a result of the fact that such warranty or representation is untrue or incorrect; 
 (b) any Default or Event of Default has occurred and is continuing or would reasonably be expected to result after giving effect to any Loan (or the incurrence of any Letter of Credit Obligation), and
Agent or Required Lenders shall have determined not to make any Loan or incur any Letter of Credit Obligation as a result of that Default or Event of Default; 
 (c) with respect to Revolving Loans or the incurrence of any Letter of Credit Obligations, after giving effect thereto, the aggregate outstanding amount of the Revolving Loans would exceed the Maximum
Revolving Loan Balance; 
 (d) with respect to CAPEX Loans, 

(i) the aggregate amount of the CAPEX Loans that Borrower is requesting to be funded would exceed the
Available CAPEX Loan Balance; or 
 (ii) Agent shall not have received a Notice of Borrowing
that certifies, among other things, that (A) the proceeds of such Borrowing shall be used in accordance with Section 4.10(a), (B) prior to and after giving pro forma effect to such Borrowing, Borrower is in compliance with the
financial covenants, and (C) prior to and after giving pro forma effect to such Borrowing, no Default or Event of Default shall have occurred and be continuing under the Credit Facilities; 

  
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 The request by Borrower and acceptance by Borrower of the proceeds of any Loan or the
incurrence of any Letter of Credit Obligations shall be deemed to constitute, as of the date thereof, (i) a representation and warranty by Borrower that the conditions in this Section 2.2 have been satisfied and (ii) a reaffirmation
by each Credit Party of the granting and continuance of Agent’s Liens, on behalf of itself and the Secured Parties, pursuant to the Collateral Documents. 
 ARTICLE III - 
 REPRESENTATIONS AND WARRANTIES 

The Credit Parties, jointly and severally, represent and warrant to Agent and each Lender that the following are true,
correct and complete: 
 3.1 Corporate Existence and Power. Each Credit Party and each of their
respective Subsidiaries: 
 (a) is a corporation, limited liability company or limited partnership, as
applicable, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, organization or formation, as applicable; 

(b) has the power and authority and all governmental licenses, authorizations, Permits, consents and approvals to own its
assets, carry on its business and execute, deliver, and perform its obligations under, the Loan Documents to which it is a party; 
 (c) is duly qualified as a foreign corporation, limited liability company or limited partnership, as applicable, and licensed and in good standing, under the laws of each jurisdiction where its ownership,
lease or operation of Property or the conduct of its business requires such qualification or license; and 
 (d)
is in compliance with all Requirements of Law; 
 except, in each case referred to in clause (c) or clause
(d), to the extent that the failure to do so would not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 
 3.2 Corporate Authorization; No Contravention. The execution, delivery and performance by each of the Credit Parties of this Agreement and by each Credit Party and each of their respective
Subsidiaries of any other Loan Document to which such Person is party, have been duly authorized by all necessary action, and do not and will not: 
 (a) contravene the terms of any of that Person’s Organization Documents; 
 (b) conflict with or result in any material breach or contravention of, or result in the creation of any Lien under, any document evidencing any material Contractual Obligation to which such Person is a
party or any order, injunction, writ or decree of any Governmental Authority to which such Person or its Property is subject; or 

  
 23 

 (c) violate any material Requirement of Law in any material respect.

 3.3 Governmental Authorization. No approval, consent, exemption, authorization, or other action by, or
notice to, or filing with, any Governmental Authority is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Credit Party or any Subsidiary of any Credit Party of this Agreement or any
other Loan Document except (a) for recordings and filings in connection with the Liens granted to Agent under the Collateral Documents, and (b) those obtained or made on or prior to the Closing Date. 

3.4 Binding Effect. This Agreement and each other Loan Document to which any Credit Party or any Subsidiary of any
Credit Party is a party constitute the legal, valid and binding obligations of each such Person which is a party thereto, enforceable against such Person in accordance with their respective terms, except as enforceability may be limited by
applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability. 

3.5 Litigation. Except as specifically disclosed in Schedule 3.5, there are no actions, suits, proceedings, claims
or disputes pending, or to the best knowledge of each Credit Party, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, against any Credit Party, any Subsidiary of any Credit Party or any of their
respective Properties which: 
 (a) purport to affect or pertain to this Agreement, any other Loan Document or
Related Agreement, or any of the transactions contemplated hereby or thereby; or 
 (b) would reasonably be
expected to result in a Material Adverse Effect, individually or in the aggregate. 
 No injunction, writ, temporary restraining
order or any order of any nature has been issued by any court or other Governmental Authority purporting to enjoin or restrain the execution, delivery or performance of this Agreement, any other Loan Document, or directing that the transactions
provided for herein or therein not be consummated as herein or therein provided. As of the Closing Date, no Credit Party or any Subsidiary of any Credit Party is the subject of an audit or, to each Credit Party’s knowledge, any review or
investigation by any Governmental Authority (excluding the IRS and other taxing authorities) concerning the violation or possible violation of any Requirement of Law. 

3.6 No Default. No Default or Event of Default exists or would result from the incurring of any Obligations by any
Credit Party or the grant or perfection of Agent’s Liens on the Collateral. No Credit Party and no Subsidiary of any Credit Party is in default under or with respect to any Contractual Obligation in any respect which, individually or together
with all such defaults, would reasonably be expected to have a Material Adverse Effect. 
 3.7 ERISA
Compliance. Schedule 3.7 sets forth, as of the Closing Date, a complete and correct list of all material Benefit Plans. As of the Closing Date, there are no Title IV Plans or Multiemployer Plans. Each Benefit Plan, and each trust
thereunder, intended to qualify for tax exempt status under Section 401(a) or 501(a) of the Code so qualifies. Except for 

  
 24 

 
those that would not, in the aggregate, reasonably be expected to have a Material Adverse Effect, (x) each Benefit Plan is in compliance with applicable provisions of ERISA, the Code and
other applicable Requirements of Law, (y) there are no existing or pending (or to the knowledge of any Credit Party, threatened) claims (other than routine claims for benefits in the Ordinary Course of Business), sanctions, actions, lawsuits or
other proceedings or investigation involving any Benefit Plan to which any Credit Party incurs or otherwise has any Liability, whether fixed or contingent, and (z) no ERISA Event is reasonably expected to occur. On the Closing Date, no ERISA
Event has occurred in connection with which obligations and liabilities (contingent or otherwise) remain outstanding. 
 3.8 Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.10, and are
intended to be and shall be used in compliance with Section 5.8. No Credit Party and no Subsidiary of any Credit Party is engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or
carrying Margin Stock. Proceeds of the Loans shall not be used for the purpose of purchasing or carrying Margin Stock. As of the Closing Date, no Credit Party and no Subsidiary of any Credit Party owns any Margin Stock. 

3.9 Title to Properties. (a) Schedule 3.9 sets forth a true and complete list of (x) each parcel
of real property owned by any Credit Party and each of their Subsidiaries (together with all plants, buildings, structures, installations, fixtures, fittings, improvements, betterments and additions situated thereon, all privileges and appurtenances
thereto and all easements and rights-of-way used or useful in connection therewith, the “Owned Real Estate”), showing the record title holder, legal address, and a permanent index number with respect to each such parcel of Owned
Real Estate, (y) each parcel of Leased Real Estate used by the Credit Parties and their Subsidiaries, together with a list of all Real Estate Leases, and (z) any other parcel of real property at which any Collateral is located. With
respect to each parcel of Real Estate, except as noted on Schedule 3.9: (i) a Credit Party has good, valid and marketable title in fee simple to, or valid leasehold interests in, such parcel of Real Estate, free and clear
of all Liens other than Permitted Liens; (ii) the applicable Credit Party has not assigned, transferred, conveyed, mortgaged, leased, subleased, licensed, deeded in trust or encumbered any interest in such parcel of Real Estate; and
(iii) there are no other parties other than the Credit Parties or one or more of their respective Subsidiaries occupying the Real Estate. With respect to each Real Estate Lease, except as noted on Schedule 3.9: (i) such Real
Estate Lease is in full force and effect and enforceable by the Credit Party or its Subsidiaries party thereto in accordance with its terms; (ii) neither the Credit Party or its Subsidiaries party thereto nor any other party thereto is in
breach of or default thereunder (and to the knowledge of Borrower, no event has occurred which with notice or the passage of time or both would constitute a breach or default thereunder); (iii) there are no disputes, oral agreements, or
forbearance programs in effect as to such Real Estate Lease; and (iv) there are no other parties other than any Credit Party or its Subsidiaries occupying the subject Leased Real Estate. 

(b) Schedule 3.9 also describes any outstanding purchase options, rights of first refusal, rights of first
offer or other similar contractual rights pertaining to the Real Estate or any portion thereof or interest therein. None of the Real Estate, nor any portion thereof nor interest therein, is affected by or the subject of any pending or, to the
knowledge of Borrower contemplated or threatened condemnation, expropriation or other proceeding in eminent domain. 

  
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Neither the Real Estate nor the use or occupancy thereof violates in any material way any applicable certificates, licenses, permits, covenants, conditions or restrictions, whether federal,
state, local or private, and the Real Estate has received all required certificates, licenses, permits, authorizations and approvals in connection with the use and occupancy thereof. Except as set forth on Schedule 3.9, each parcel of
Real Estate is supplied with, or has access to, utilities and other services necessary for the effective operation of the business of the Credit Parties and their Subsidiaries, including electricity, water, telephone, sanitary sewer, storm sewer and
natural gas, and has not, during the last two years, experienced any material interruption in the delivery of adequate quantities of any such utilities or services utilized or required in the operation of the business of the Credit Parties and their
Subsidiaries at the Real Estate. The Real Estate and all improvements and fixtures on or included within the same are in good condition, working order and repair and do not require material repair or replacement in order to serve their intended
purposes, including use and operation consistent with their present use and operation, except (i) as disclosed on Schedule 3.9 and (ii) for scheduled maintenance, repairs and replacements conducted or required in the Ordinary
Course of Business. Except as noted in Schedule 3.12, there are no claims, actions, governmental investigations, litigation or proceedings which are pending or, to the knowledge of Borrower, threatened against or otherwise relating to
the Real Estate or any portion thereof or interest therein. None of the Real Estate, nor the current use and occupancy thereof, violates in any material respect any easement, covenant, condition, restriction, similar provision in any instrument of
record or other unrecorded agreement, or other Lien affecting such Real Estate. All real estate Taxes and assessments which may be due and payable with respect to the Real Estate have been paid. The Credit Parties and their Subsidiaries have not
received any notice of any special Tax or assessment affecting any Real Estate, and no such Taxes or assessments are pending or, to the knowledge of Borrower, threatened. 

(c) Each of the Credit Parties and each of their respective Subsidiaries has good and valid title to all owned personal
property and valid leasehold interests in all leased personal property, in each instance, used in the ordinary conduct of their respective businesses, free and clear of all Liens other than Permitted Liens. 

3.10 Taxes. All federal and state income and franchise and other material tax returns, reports and statements
(collectively, the “Tax Returns”) required to be filed by any Credit Party have been filed with the appropriate Governmental Authorities, all such Tax Returns are true and correct in all material respects, and all material taxes,
assessments and other governmental charges and impositions reflected therein or otherwise due and payable have been paid prior to the date on which any Liability may be added thereto for non-payment thereof except for those contested in good faith
by appropriate proceedings diligently conducted and for which adequate reserves, if any, are maintained on the books of the appropriate Credit Party in accordance with GAAP. As of the Closing Date, no Tax Return is under audit or examination by any
Governmental Authority and no notice of any audit or examination or any assertion of any material claim for Taxes has been given or made by any Governmental Authority. Proper and accurate amounts have been withheld by each Credit Party from their
respective employees for all periods in full and complete compliance with the tax, social security and unemployment withholding provisions of applicable Requirements of Law in all material respects and such withholdings have been timely paid to the
respective Governmental Authorities. No Credit Party has participated in a “reportable transaction” within the meaning of Treasury Regulation Section 1.6011-4(b) or has been a member of an affiliated, combined or unitary group other
than the 

  
 26 

 
group of which a Credit Party is the common parent. As of the Closing Date, no election will be in effect pursuant to Treasury Regulation Section 301.7701-3(g) to treat either Partnership or
Borrower as an association taxable as a corporation for federal income Tax purposes. 
 3.11 Financial
Condition. 
 (a) Each of (i) the audited consolidated balance sheet of Partnership and its
Subsidiaries dated September 30, 2011, and the related audited consolidated statements of income or operations, shareholders’ equity and cash flows for the Fiscal Year ended on that date and (ii) the unaudited interim consolidated
balance sheet of Partnership and its Subsidiaries dated December 31, 2011, and the related unaudited consolidated statements of income, shareholders’ equity and cash flows for the twelve fiscal months then ended: 

(x) were prepared in accordance with GAAP consistently applied throughout the respective periods covered
thereby, except as otherwise expressly noted therein, subject to, in the case of the unaudited interim financial statements, normal year-end adjustments and the lack of footnote disclosures; and 

(y) present fairly in all material respects the consolidated financial condition of Partnership and its
Subsidiaries as of the dates thereof and results of operations for the periods covered thereby. 
 (b) The pro
forma unaudited consolidated balance sheet of Partnership and its Subsidiaries dated December 31, 2011, delivered on the Closing Date was prepared by Partnership giving pro forma effect to the funding of the Loans, was based on the
unaudited consolidated and consolidating balance sheets of Partnership and its Subsidiaries dated December 31, 2011, and was prepared in accordance with GAAP, with only such adjustments thereto as would be required in a manner consistent with
GAAP. 
 (c) Since September 30, 2011, there has been no Material Adverse Effect. 

(d) The Credit Parties and their Subsidiaries have no Indebtedness other than Indebtedness permitted pursuant to
Section 5.5 and have no Contingent Obligations other than Contingent Obligations permitted pursuant to Section 5.9. 
 (e) All financial performance projections delivered to Agent, including the financial performance projections delivered on or prior to the Closing Date, represent Borrower’s good faith estimate of
future financial performance and are based on assumptions believed by Borrower to be fair and reasonable in light of current market conditions, it being acknowledged and agreed by Agent and Lenders that projections as to future events are not to be
viewed as facts and that the actual results during the period or periods covered by such projections may differ from the projected results. 
 3.12 Environmental Matters. Except as set forth in Schedule 3.12 and except where any failures to comply would not reasonably be expected to result in, either individually or in the
aggregate, Material Environmental Liabilities to Credit Parties and their Subsidiaries, (a) the operations of each Credit Party and each Subsidiary of each Credit Party are and have been in compliance, in all material respects, with all
applicable Environmental Laws, including 

  
 27 

 
obtaining, maintaining and complying with all Permits required by any applicable Environmental Law, (b) no Credit Party and no Subsidiary of any Credit Party is party to, and no Real Estate
currently (or to the knowledge of any Credit Party previously) owned, leased, subleased, operated or otherwise occupied by the Credit Parties and their Subsidiaries is subject to or the subject of, any Contractual Obligation or any pending (or, to
the knowledge of any Credit Party, threatened) order, action, investigation, suit, proceeding, audit, claim, demand, dispute or notice of violation or of potential liability or similar notice relating in any manner to any Environmental Law,
(c) no Lien in favor of any Governmental Authority securing, in whole or in part, Environmental Liabilities has attached to any property of any Credit Party or any Subsidiary of any Credit Party and, to the knowledge of any Credit Party, no
facts, circumstances or conditions exist that could reasonably be expected to result in any such Lien attaching to any such property, (d) no Credit Party and no Subsidiary of any Credit Party has caused or suffered to occur a Release or, to the
knowledge of such Credit Party or Subsidiary, any threatened Release of Hazardous Materials at, to or from any Real Estate in violation of or requiring reporting under Environmental Laws, (e) other than Borrower’s raw materials or products
which are stored or produced thereon in compliance in all material respects with Environmental Laws, no Real Estate currently (or to the knowledge of any Credit Party previously) owned, leased, subleased, operated or otherwise occupied by or for any
such Credit Party and each Subsidiary of each Credit Party is contaminated with or contains Hazardous Materials in amounts or concentrations which could be reasonably expected to give rise to liability under Environmental Laws, and (f) no
Credit Party and no Subsidiary of any Credit Party (i) is or has been engaged in, or has permitted any current or former tenant to engage in, operations in violation of any Environmental Law in any material respect or (ii) knows of any
facts, circumstances or conditions reasonably constituting notice of a violation of any Environmental Law or communicating to any Credit Party or Subsidiary notice of liability or potential liability under the Comprehensive Environmental Response,
Compensation and Liability Act (42 U.S.C. § 9601 et seq.) or similar Environmental Laws. 
 3.13
Regulated Entities. None of any Credit Party, any Person controlling any Credit Party, or any Subsidiary of any Credit Party, is (a) an “investment company” within the meaning of the Investment Company Act of 1940 or
(b) subject to regulation under the Federal Power Act, the Interstate Commerce Act, any state public utilities code, or any other Federal or state statute, rule or regulation limiting its ability to incur Indebtedness, pledge its assets or
perform its Obligations under the Loan Documents. 
 3.14 Solvency. Both before and after giving effect
to (a) the Loans made and Letters of Credit Issued on or prior to the date this representation and warranty is made or remade, (b) the disbursement of the proceeds of such Loans to or as directed by Borrower, and (c) the payment and
accrual of all transaction costs in connection with the foregoing, both the Credit Parties and their Subsidiaries (on a consolidated basis) are, and Borrower individually is, Solvent. 

3.15 Labor Relations. There are no strikes, work stoppages, slowdowns or lockouts existing, pending (or, to the
knowledge of any Credit Party, threatened) against or involving any Credit Party or any Subsidiary of any Credit Party, except for those that would not, in the aggregate, reasonably be expected to have a Material Adverse Effect. Except as set forth
on Schedule 3.15, as of the Closing Date, (a) there is no collective bargaining or similar 

  
 28 

 
agreement with any union, labor organization, works council or similar representative covering any employee of GP, any Credit Party or any Subsidiary of any Credit Party, (b) no petition for
certification or election of any such representative is existing or pending with respect to any employee of GP, any Credit Party or any Subsidiary of any Credit Party and (c) no such representative has sought certification or recognition with
respect to any employee of GP, any Credit Party or any Subsidiary of any Credit Party. 
 3.16 Intellectual
Property. Each Credit Party and each Subsidiary of each Credit Party owns, or is licensed to use, all Intellectual Property necessary to conduct its business as currently conducted except for such Intellectual Property the failure of which to
own or license would not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. To the knowledge of each Credit Party, (a) the conduct and operations of the businesses of each Credit Party and each
Subsidiary of each Credit Party does not infringe, misappropriate, dilute, violate or otherwise impair any Intellectual Property owned by any other Person and (b) no other Person has contested any right, title or interest of any Credit Party or
any Subsidiary of any Credit Party in, or relating to, any Intellectual Property, other than, in each case, as cannot reasonably be expected to affect the Loan Documents and the transactions contemplated therein and would not, in the aggregate,
reasonably be expected to have a Material Adverse Effect. 
 3.17 Brokers’ Fees; Transaction Fees.
Except as disclosed on Schedule 3.17 and except for fees payable to Agent and Lenders, none of the Credit Parties or any of their respective Subsidiaries has any obligation to any Person in respect of any finder’s or broker’s
fee in connection with the transactions contemplated hereby. 
 3.18 Insurance. Each of the Credit
Parties and each of their respective Subsidiaries and their respective Properties are insured with financially sound and reputable insurance companies which are not Affiliates of Borrower, in such amounts, with such deductibles and covering such
risks as are customarily carried by companies engaged in similar businesses and owning similar Properties in localities where such Person operates. A true and complete listing of such insurance, including issuers, coverages and deductibles, has been
provided to Agent. 
 3.19 Ventures, Subsidiaries and Affiliates; Outstanding Stock. Except as set forth
in Schedule 3.19, as of the Closing Date, no Credit Party and no Subsidiary of any Credit Party has any Subsidiaries, is engaged in any joint venture or partnership with any other Person. All issued and outstanding Stock and Stock
Equivalents of each of the Credit Parties, in the case of Stock and Stock Equivalents of the Partnership, to the extent owned by the GP or RNHI, and each of their respective Subsidiaries are duly authorized and validly issued, fully paid,
non-assessable, and free and clear of all Liens other than, with respect to the Stock and Stock Equivalents of Borrower and Subsidiaries of Borrower, those in favor of Agent, for the benefit of the Secured Parties. All such securities were issued in
compliance with all applicable state and federal laws concerning the issuance of securities. All of the issued and outstanding Stock of each Credit Party (other than Partnership), and each Subsidiary of each Credit Party is owned by each of the
Persons and in the amounts set forth in Schedule 3.19. Except as set forth in Schedule 3.19, as of the Closing Date there are no pre-emptive or other outstanding rights to purchase, options, warrants or similar rights or
agreements pursuant to which any Credit Party 

  
 29 

 
may be required to issue, sell, repurchase or redeem any of its Stock or Stock Equivalents or any Stock or Stock Equivalents of its Subsidiaries. Set forth in Schedule 3.19 is a
true and complete organizational chart of Rentech and all of its Subsidiaries as of the Closing Date. 
 3.20
Jurisdiction of Organization; Chief Executive Office. Schedule 3.20 lists each Credit Party’s jurisdiction of organization, legal name and organizational identification number, if any, and the location of such Credit
Party’s chief executive office or sole place of business, in each case as of the Closing Date, and such Schedule 3.20 also lists all jurisdictions of organization and legal names of such Credit Party for the five years preceding
the Closing Date. 
 3.21 Deposit Accounts and Other Accounts. Schedule 3.21 lists all
banks and other financial institutions at which any Credit Party maintains deposit or other accounts as of the Closing Date, and such Schedule correctly identifies the name, address and telephone number of each depository, the name in which the
account is held, a description of the purpose of the account, and the complete account number therefor. 
 3.22
Bonding; Licenses. Except as set forth in Schedule 3.22, as of the Closing Date, no Credit Party is a party to or bound by any surety bond agreement, indemnification agreement therefor or bonding requirement with respect to
products or services sold by it. 
 3.23 Related Agreements. No Credit Party and, to the best of each
Credit Party’s knowledge, no other Person party thereto is in default in the performance or compliance with any provisions of the Related Agreements. The Related Agreements comply in all material respects with all applicable Requirements of
Law. The Related Agreements are in full force and effect as of the Closing Date and have not been terminated, rescinded or withdrawn. 
 3.24 Status of Partnership and Affiliates. Partnership has not engaged in any business activities and does not own any Property other than (i) ownership of the Stock and Stock Equivalents of
Borrower, (ii) activities and contractual rights incidental to maintenance of its corporate existence and its public company status, and (iii) the entering into and performance of its obligations under the Loan Documents and the Related
Agreements to which it is a party. GP has not engaged in any business activities and does not own any Property other than (A) activities or Property relating to being the general partner of Partnership in accordance with Section 7.5 of the
Partnership Agreement, and (B) the employer of employees or services to be provided, in each case, for the benefit of Borrower. RNHI does not own any Property other than ownership of the Stock and Stock Equivalents of Partnership and GP.

 3.25 Full Disclosure. None of the statements contained in each exhibit, report, statement or
certificate furnished by or on behalf of any Credit Party or any of their Subsidiaries in connection with the Loan Documents (including the offering and disclosure materials, if any, delivered by or on behalf of any Credit Party to Agent or the
Lenders prior to the Closing Date), contains any untrue statement of a material fact or omits any material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they are made,
not misleading in any material respect as of the time when made or delivered. 

  
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 3.26 Foreign Assets Control Regulations and Anti-Money Laundering.
Each Credit Party and each Subsidiary of each Credit Party is and will remain in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations as promulgated by the U.S. Treasury
Department’s Office of Foreign Assets Control (“OFAC”), and all applicable anti-money laundering and counter-terrorism financing provisions of the Bank Secrecy Act and all regulations issued pursuant to it. No Credit Party and
no Subsidiary or Affiliate of a Credit Party (i) is a Person designated by the U.S. government on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”) with which a U.S. Person cannot deal with or
otherwise engage in business transactions, (ii) is a Person who is otherwise the target of U.S. economic sanctions laws such that a U.S. Person cannot deal or otherwise engage in business transactions with such Person or (iii) is
controlled by (including without limitation by virtue of such person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any person or entity on the SDN List or a foreign government that is
the target of U.S. economic sanctions prohibitions such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited under U.S. law. 

3.27 Patriot Act. The Credit Parties, each of their Subsidiaries and each of their Affiliates are in compliance
with (a) the Trading with the Enemy Act, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B Chapter V, as amended) and any other enabling legislation or executive order relating
thereto, (b) the Patriot Act and (c) other federal or state laws relating to “know your customer” and anti-money laundering rules and regulations. No part of the proceeds of any Loan will be used directly or indirectly for
any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any
improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977. 
 ARTICLE IV - 

AFFIRMATIVE COVENANTS 
 Each Credit Party covenants and agrees that, so long as any Lender shall have any Commitment hereunder, or any Loan or other Obligation (other than contingent indemnification Obligations to the extent no
claim giving rise thereto has been asserted) shall remain unpaid or unsatisfied: 
 4.1 Financial
Statements. Each Credit Party shall maintain, and shall cause each of its Subsidiaries to maintain, a system of accounting established and administered in accordance with sound business practices to permit the preparation of financial statements
in conformity with GAAP (provided that monthly financial statements shall not be required to have footnote disclosures and are subject to normal year-end adjustments). Borrower shall deliver to Agent by Electronic Transmission and in detail
reasonably satisfactory to Agent and the Required Lenders: 
 (a) as soon as available, but not later than
(i) with respect to the Fiscal Year ending December 31, 2012, one hundred and five (105) days after the end of such Fiscal Year, 

  
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and (ii) with respect to each Fiscal Year thereafter, ninety (90) days after the end of such Fiscal Year, a copy of the annual report filed by Partnership with the Securities and
Exchange Commission in accordance with the Securities Exchange Act of 1934, as amended, which includes a copy of the audited consolidated and consolidating balance sheets of Partnership and each of its Subsidiaries as at the end of such Fiscal Year
and the related consolidated and consolidating statements of income or operations, partners’ equity and cash flows for such Fiscal Year, setting forth in each case in comparative form the figures for the previous periods as required by the
Securities and Exchange Commission, and accompanied by the report of any “Big Four” or other nationally recognized independent public accounting firm reasonably acceptable to Agent which report shall (i) contain an unqualified
opinion, stating that such consolidated financial statements present fairly in all material respects the financial position for the periods indicated in conformity with GAAP applied on a basis consistent with prior years for Borrower, and
(ii) not include any explanatory paragraph expressing substantial doubt as to going concern status; and 

(b) within (i) with respect to each Fiscal Quarter during the Fiscal Year ending December 31, 2012 (other than
the Fiscal Quarter ending December 31, 2012), fifty (50) days after the end of each such Fiscal Quarter, and (ii) with respect to each Fiscal Quarter thereafter (other than a Fiscal Quarter ending at the end of a Fiscal Year),
forty-five (45) days after the end of each Fiscal Quarter, a copy of the quarterly report filed by Partnership with the Securities and Exchange Commission in accordance with the Securities Exchange Act of 1934, as amended, which includes a copy
of the consolidated and consolidating financial information regarding Partnership and its Subsidiaries, including (i) unaudited balance sheets as of the close of such Fiscal Quarter and the related statements of income and cash flow for that
portion of the Fiscal Year ending as of the close of such Fiscal Quarter and (ii) unaudited statements of income and cash flows for such Fiscal Quarter, in each case setting forth in comparative form the figures for the corresponding period in
the prior year and the figures contained in the projections for such Fiscal Year, all prepared in accordance with GAAP (subject to normal year-end adjustments). 

(c) as soon as available, but not later than thirty (30) days after the end of each fiscal month of each year, a
copy of the unaudited consolidated and consolidating balance sheets of Partnership and each of its Subsidiaries, and the related consolidated and consolidating statements of income, shareholders’ equity and cash flows as of the end of such
fiscal month and for the portion of the Fiscal Year then ended, all certified on behalf of Borrower by an appropriate Responsible Officer of Borrower as being complete and correct and fairly presenting, in all material respects, in accordance with
GAAP, the financial position and the results of operations of Partnership and its Subsidiaries, subject to normal year-end adjustments and absence of footnote disclosures. 

(d) as soon as available, but not later than forty-five (45) days after the end of each Fiscal Year, an annual
operating plan for Partnership and its Subsidiaries, on a consolidated and consolidating basis, approved by the GP for the following Fiscal Year, which (i) includes a statement of all of the material assumptions on which such plan is based,
(ii) includes monthly balance sheets and a monthly budget for the following year and (iii) integrates sales, gross profits, operating expenses, operating profit, cash flow projections and Borrowing projections, all prepared on the same
basis and in similar detail as that on which operating results are reported (and in the case of cash flow projections, representing management’s good faith estimates of future financial performance based on historical performance). 

  
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 4.2 Certificates; Other Information. Borrower shall furnish to Agent
by Electronic Transmission: 
 (a) together with each delivery of financial statements pursuant to Sections
4.1(a) and 4.1(b), (i) a management discussion and analysis report, in reasonable detail, signed by a Responsible Officer of Borrower, describing the operations and financial condition of the Credit Parties and their Subsidiaries for
the Fiscal Quarter and the portion of the Fiscal Year then ended (or for the Fiscal Year then ended in the case of annual financial statements) and including updates on the status of the Project including a description of any material modifications
to the Project, (ii) a reconciliation of the amount of CAPEX Loans funded as of the end of the Fiscal Quarter then ended against the Schedule of CAPEX Loans, and (iii) a report setting forth in comparative form the corresponding figures
for the corresponding periods of the previous Fiscal Year and the corresponding figures from the most recent projections for the current Fiscal Year and discussing the reasons for any significant variations; 

(b) concurrently with the delivery of the financial statements referred to in Sections 4.1(a), 4.1(b) and
4.1(c) above, a fully and properly completed Compliance Certificate in the form of Exhibit 4.2(b), certified on behalf of Borrower by a Responsible Officer of Borrower; 

(c) promptly after the same are sent, copies of all financial statements and reports which any Credit Party sends to its
shareholders or other equity holders, as applicable, generally and promptly after the same are filed, copies of all financial statements and regular, periodic or special reports which such Person may make to, or file with, the Securities and
Exchange Commission or any successor or similar Governmental Authority; 
 (d) promptly upon receipt thereof,
copies of any reports submitted by the certified public accountants in connection with each annual, interim or special audit or review of any type of the financial statements or internal control systems of any Credit Party made by such accountants,
including any comment letters submitted by such accountants to management of any Credit Party in connection with their services; 
 (e) from time to time (but not more frequently than one per Fiscal Year in the absence of the occurrence of a Default or an Event of Default), if Agent determines that obtaining appraisals is necessary in
order for Agent or any Lender to comply with applicable laws or regulations (including any appraisals required to comply with FIRREA), and at any time if a Default or an Event of Default shall have occurred and be continuing, Agent may, or may
require Borrower to, in either case at Borrower’s expense, obtain appraisals in form and substance and from appraisers reasonably satisfactory to Agent stating the then current fair market value of all or any portion of the personal property of
any Credit Party or any Subsidiary of any Credit Party and the fair market value or such other value as determined by Agent (for example, replacement cost for purposes of Flood Insurance) of any Real Estate of any Credit Party or any Subsidiary of
any Credit Party; 

  
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 (f) concurrently with the delivery of the financial statements referred to
in Section 4.1(b), a certificate of a Responsible Officer of Borrower setting forth in reasonable detail any Margin Stock owned by each Credit Party and each Subsidiary of each Credit Party as of the last day of such Fiscal Quarter;

 (g) no later than 90 days after the end of each Fiscal Year, annual insurance reports (summarizing insurance
coverage at the end of such Fiscal Year) of the Credit Parties and their Subsidiaries in form and substance satisfactory to Agent; 
 (h) no later than 25 days after the end of each fiscal month ending on or after June 30, 2012, if the cumulative aggregate amount of the CAPEX Loans outstanding as of the end of such fiscal month
varies from the cumulative amount of the projected amount of CAPEX Loans described in the Schedule of CAPEX Loans as of the end of such fiscal month by more than 25%, then Borrower shall deliver a written report explaining the reasons for such
variance, which report shall be in form and substance reasonably acceptable to Agent; and 
 (i) promptly, such
additional business, financial, corporate affairs, perfection certificates and other information as Agent may from time to time reasonably request. 
 Documents required to be delivered pursuant to Section 4.1(a) or (b) or Section 4.2(c) (to the extent any such documents are included in materials otherwise filed with the
SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which Partnership posts such documents, or provides a link thereto on Partnership’s website on the Internet at the website
address listed on Schedule 4.2, (ii) on which such documents are posted on Partnership’s behalf on an Internet or intranet website, if any, to which each Lender and Agent have access (whether a commercial, third-party website or
whether sponsored by Agent), or (iii) on which Borrower provides to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents (delivery of the Compliance Certificates required to be delivered
pursuant to Section 4.2(b) also being deemed delivered on such date if included within such electronic mail under this clause (iii)); provided, Borrower shall upon the request of Agent provide to Agent paper copies of any such
electronically delivered Compliance Certificates); provided further, that Borrower shall notify Agent (by telecopier or electronic mail) of the posting of any such documents pursuant to clause (i) or (ii) above and provide to
Agent by electronic mail electronic versions (i.e., soft copies) of such documents, and Agent hereby agrees that it shall use reasonable commercial efforts to post such documents received pursuant to this clause (iii) on Borrower’s
behalf to a commercial, third-party or other website sponsored by Agent and notify the Lenders of such posting. Except as expressly provided in the foregoing clause (iii), Agent shall have no obligation to request the delivery or to maintain copies
of the documents referred to above, and in any event shall have no responsibility to monitor compliance by Borrower with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its
copies of such documents. 
 4.3 Notices. Borrower shall notify promptly Agent of each of the following
(and in no event later than three (3) Business Days after a Responsible Officer becoming aware thereof): 

  
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 (a) the occurrence or existence of any Default or Event of Default;

 (b) any breach or non performance of, or any default under, any Contractual Obligation of any Credit Party or
any Subsidiary of any Credit Party, or any violation of, or non-compliance with, any Requirement of Law, which would reasonably be expected to result, either individually or in the aggregate, in a Material Adverse Effect, including a description of
such breach, non-performance, default, violation or non-compliance and the steps, if any, such Person has taken, is taking or proposes to take in respect thereof; 

(c) any dispute, litigation, investigation, proceeding or suspension which may exist at any time between any Credit Party
or any Subsidiary of any Credit Party and any Governmental Authority which would reasonably be expected to result, either individually or in the aggregate, in a Material Adverse Effect; 

(d) the commencement of, or any material development in, any litigation or proceeding affecting any Credit Party or any
Subsidiary of any Credit Party (i) in which the amount of damages claimed is $5,000,000 (or its equivalent in another currency or currencies) or more, (ii) in which injunctive or similar relief is sought and which, if adversely determined,
would reasonably be expected to have a Material Adverse Effect, or (iii) in which the relief sought is an injunction or other stay of the performance of this Agreement, any other Loan Document or any Related Agreement; 

(e) (i) the receipt by any Credit Party of any notice of violation of or potential liability or similar notice under
Environmental Law that would reasonably be expected to result, either individually or in the aggregate, in Material Environmental Liabilities, (ii)(A) unpermitted Releases, (B) the existence of any condition that could reasonably be expected to
result in violations of or Liabilities under, any Environmental Law or (C) the commencement of, or any material change to, any action, investigation, suit, proceeding, audit, claim, demand, dispute alleging a violation of or Liability under any
Environmental Law which in the case of clauses (A), (B) and (C) above, in the aggregate for all such clauses, would reasonably be expected to result in Material Environmental Liabilities, (iii) the receipt by any Credit
Party of notification that any property of any Credit Party is subject to any Lien in favor of any Governmental Authority securing, in whole or in part, Environmental Liabilities and (iv) any proposed acquisition or lease of Real Estate, if
such acquisition or lease would have a reasonable likelihood of resulting in Material Environmental Liabilities; 
 (f) (i) on or prior to any filing by any Credit Party of any notice of any reportable event under Section 4043(b) of ERISA or intent to terminate any Title IV Plan, a copy of such notice,
(ii) promptly, and in any event within ten (10) days, after any officer of Credit Party knows or has reason to know that a request for a minimum funding waiver under Section 412 of the Code has been filed with respect to any Title IV
Plan or Multiemployer Plan, a notice describing such waiver request and any action that any ERISA Affiliate proposes to take with respect thereto, together with a copy of any notice filed with the PBGC or the IRS pertaining thereto, and
(iii) promptly, and in any event within ten (10) days after any officer of any Credit Party knows or has reason to know that an ERISA Event will or has occurred, a notice describing such ERISA Event, and any action that any ERISA Affiliate
proposes to take with respect thereto, together with a copy of any notices received from or filed with the PBGC, IRS, Multiemployer Plan or other Benefit Plan pertaining thereto; 

  
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 (g) any Material Adverse Effect subsequent to the date of the most recent
audited financial statements delivered to Agent and Lenders pursuant to this Agreement; 
 (h) any material
change in accounting policies or financial reporting practices by any Credit Party or any Subsidiary of any Credit Party; 
 (i) any labor controversy resulting in or threatening to result in any strike, work stoppage, boycott, shutdown or other labor disruption against or involving any Credit Party or any Subsidiary of any
Credit Party if the same would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect; 
 (j) the creation, establishment or acquisition of any Subsidiary or the issuance by or to any Credit Party of any Stock or Stock Equivalent (other than issuances by Partnership of any Stock or Stock
Equivalents); 
 (k) (i) the creation, or filing with the IRS or any other Governmental Authority, of any
Contractual Obligation or other document extending, or having the effect of extending, the period for assessment or collection of any income, franchise or other material taxes with respect to any Credit Party and (ii) the creation of any
Contractual Obligation of any Credit Party, or the receipt of any request directed to any Credit Party, to make any adjustment under Section 481(a) of the Code, by reason of a change in accounting method or otherwise, which would reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect; 
 (l) any Disposition by a
Credit Party or the occurrence of any Event of Loss suffered by any Credit Party, in each case where the Net Proceeds received or expected to be received is greater than $1,000,000; 

(m) not less than 5 Business Days prior to the proposed formation of a Joint Venture in accordance with
Section 5.4, a completed and executed Joint Venture Certificate for such proposed investment; 
 (n)
within 2 Business Days of the declaration by Partnership of a dividend or distribution made in accordance with Section 5.11(a), a completed and executed certificate of the chief financial officer of the GP setting forth the calculation
of cash available for such distribution; and 
 (o) on or before the date on which any dividend or distribution
is made in accordance with Section 5.11(f), a completed and executed Permitted Dividend/Distribution Certificate for such dividend or distribution. 
 Each notice pursuant to this Section shall be in electronic form accompanied by a statement by a Responsible Officer of Borrower, setting forth details of the occurrence referred to therein, and stating
what action Borrower or other Person proposes to take with respect thereto and at what 

  
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time. Each notice under Section 4.3(a) shall describe with particularity any and all clauses or provisions of this Agreement or other Loan Document that have been breached or
violated. 
 4.4 Preservation of Corporate Existence, Etc. Each Credit Party shall, and shall cause each
of its Subsidiaries to: 
 (a) preserve and maintain in full force and effect its organizational existence and
good standing under the laws of its jurisdiction of incorporation, organization or formation, as applicable, except, with respect to Borrower’s Subsidiaries, in connection with transactions permitted by Section 5.3; 

(b) preserve and maintain in full force and effect all rights, privileges, qualifications, permits, licenses and
franchises necessary in the normal conduct of its business except in connection with transactions permitted by Section 5.3 and sales of assets permitted by Section 5.2 and except as would not reasonably be expected to have,
either individually or in the aggregate, a Material Adverse Effect; 
 (c) preserve or renew all of its
registered trademarks, trade names and service marks, the non preservation of which would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect; and 

(d) conduct its business and affairs without infringement of or interference with any Intellectual Property of any other
Person in any material respect and shall comply in all material respects with the terms of its IP Licenses. 

4.5 Maintenance of Property. Each Credit Party shall maintain, and shall cause each of its Subsidiaries to
maintain, and preserve all its Property which is used or useful in its business in good working order and condition, ordinary wear and tear excepted and shall make all necessary repairs thereto and renewals and replacements thereof except where the
failure to do so would not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 
 4.6 Insurance. 
 (a) Each Credit Party shall, and shall
cause each of its Subsidiaries to, (i) maintain or cause to be maintained in full force and effect all policies of insurance of any kind with respect to the property and businesses of the Credit Parties and such Subsidiaries (including policies
of life, fire, theft, product liability, public liability, Flood Insurance, property damage, other casualty, employee fidelity, workers’ compensation, business interruption and employee health and welfare insurance) with financially sound and
reputable insurance companies or associations (in each case that are not Affiliates of Borrower) of a nature and providing such coverage as is sufficient and as is customarily carried by businesses of the size and character of the business of the
Credit Parties and (ii) cause all such insurance relating to any property or business of any Credit Party to name Agent as additional insured or loss payee, as appropriate. All policies of insurance on real and personal property of the Credit
Parties will contain an endorsement, in form and substance acceptable to Agent, showing loss payable to Agent (Form CP 1218 or equivalent) and extra expense and business interruption endorsements. Such endorsement, or an independent instrument
furnished to Agent, will provide that the insurance 

  
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companies will give Agent at least 30 days’ prior written notice before any such policy or policies of insurance shall be altered or canceled and that no act or default of the Credit Parties
or any other Person shall affect the right of Agent to recover under such policy or policies of insurance in case of loss or damage. Each Credit Party shall direct all present and future insurers under its “All Risk” policies of property
insurance to pay all proceeds payable thereunder directly to Agent. If any insurance proceeds are paid by check, draft or other instrument payable to any Credit Party and Agent jointly, Agent may endorse such Credit Party’s name thereon and do
such other things as Agent may deem advisable to reduce the same to cash. Agent reserves the right at any time, upon review of each Credit Party’s risk profile, to require additional forms and limits of insurance. Notwithstanding the
requirement in clause (i) above, Federal Flood Insurance shall not be required for any Real Estate that is not located in a Special Flood Hazard Area. If any Real Estate is located in a Special Flood Hazard Area in a community that does
not participate in the National Flood Insurance Program, the Credit Parties shall obtain flood insurance for such Real Estate in such total amount as the Agent may from time to time require. 

(b) Unless the Credit Parties provide Agent with evidence of the insurance coverage required by this Agreement, Agent
may, with notice to Borrower, purchase insurance at the Credit Parties’ expense to protect Agent’s and Lenders’ interests, including interests in the Credit Parties’ and their Subsidiaries’ properties. This insurance may,
but need not, protect the Credit Parties’ and their Subsidiaries’ interests. The coverage that Agent purchases may not pay any claim that any Credit Party or any Subsidiary of any Credit Party makes or any claim that is made against such
Credit Party or any Subsidiary in connection with said Property. Borrower may later cancel any insurance purchased by Agent, but only after providing Agent with evidence that there has been obtained insurance as required by this Agreement. If Agent
purchases insurance, the Credit Parties will be responsible for the costs of that insurance, including interest and any other charges Agent may impose in connection with the placement of insurance, until the effective date of the cancellation or
expiration of the insurance. The costs of the insurance shall be added to the Obligations. The costs of the insurance may be more than the cost of insurance Borrower may be able to obtain on its own. 

4.7 Payment of Obligations. Such Credit Party shall, and shall cause each of its Subsidiaries to, pay, discharge
and perform as the same shall become due and payable or required to be performed, all their respective obligations and liabilities, including: 
 (a) all material tax liabilities, assessments and governmental charges or levies upon it or its Property, unless the same are being contested in good faith by appropriate proceedings diligently prosecuted
which stay the enforcement of any Lien and for which adequate reserves in accordance with GAAP are being maintained by such Person; 
 (b) all lawful claims which, if unpaid, would by law become a Lien upon its Property unless the same are being contested in good faith by appropriate proceedings diligently prosecuted which stay the
imposition or enforcement of any Lien and for which adequate reserves in accordance with GAAP are being maintained by such Person; 
 (c) all Indebtedness, as and when due and payable, but subject to any subordination provisions contained herein, in any other Loan Documents and/or in any instrument or agreement evidencing such
Indebtedness; 

  
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 (d) the performance of all obligations under any Contractual Obligation to
such Credit Party or any of its Subsidiaries is bound, or to which it or any of its Property is subject, including the Related Agreements, except where the failure to perform would not reasonably be expected to have, either individually or in the
aggregate, a Material Adverse Effect; and 
 (e) payments to the extent necessary to avoid the imposition of a
Lien (other than any Permitted Lien) with respect to, or the involuntary termination of any underfunded Benefit Plan. 
 4.8 Compliance with Laws. Each Credit Party shall, and shall cause each of its Subsidiaries to, comply with all Requirements of Law of any Governmental Authority having jurisdiction over it or its
business, except where the failure to comply would not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 
 4.9 Inspection of Property and Books and Records. Each Credit Party shall maintain and shall cause each of its Subsidiaries to maintain proper books of record and account, in which full, true and
correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of such Person. Each Credit Party shall, and shall cause each of its Subsidiaries to, with respect
to each owned, leased, or controlled property, during normal business hours and upon reasonable advance notice (unless an Event of Default shall have occurred and be continuing, in which event no notice shall be required and Agent shall have access
at any and all times during the continuance thereof): (a) provide access to such property to Agent and any of its Related Persons, as frequently as Agent determines to be appropriate; and (b) permit Agent and any of its Related Persons to
conduct field examinations, audit, inspect, and make extracts and copies (or take originals if reasonably necessary) from all of such Credit Party’s books and records, and evaluate and make physical verifications and appraisals of the Inventory
and other Collateral in any manner and through any medium that Agent considers advisable, in each instance, at the Credit Parties’ expense; provided (1) if no Default or Event of Default exists, such audits and inspections shall be limited
to one per Fiscal Year and (2) the Credit Parties shall only be obligated to reimburse Agent for the expenses of one such field examination, audit and inspection per calendar year or more frequently if an Event of Default has occurred and is
continuing. Any Lender may accompany Agent or its Related Persons in connection with any inspection at such Lender’s expense. 
 4.10 Use of Proceeds. Borrower shall use the proceeds of (a) the CAPEX Loans solely to (i) refinance the Prior Indebtedness, (ii) finance capital expenditures related to the Project
in accordance with the Schedule of CAPEX Loans and (iii) to pay fees and expenses in connection with this Agreement, and (b) the Revolving Loans solely as follows: (i) to pay costs and expenses required to be paid pursuant to
Section 2.1, and (ii) for working capital, capital expenditures and other general corporate purposes not in contravention of any Requirement of Law and not in violation of this Agreement. 

4.11 Cash Management Systems. As soon as reasonably practicable but in any event with 60 days after the Closing
Date (with extensions approved by Agent in its sole discretion), each Credit Party shall enter into, and cause each depository or securities 

  
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intermediary to enter into, Control Agreements with respect to each deposit, securities or similar account maintained by such Person (other than any payroll account so long as such payroll
account is a zero balance account and withholding tax and fiduciary accounts). Any deposit, securities or similar account (other than any payroll account so long as such payroll account is a zero balance account and withholding tax and fiduciary
accounts) opened by any Credit Party after the Closing Date shall be subject to a Control Agreement. 
 4.12
Landlord Agreements. Each Credit Party shall use commercially reasonable efforts to obtain a collateral access agreement from each landlord, sublandlord or licensor, as applicable, for each Real Estate Lease, which agreements shall provide
for, among other things, (a) a waiver by such landlord, sublandlord or licensor of its interest in the Collateral, and (b) permission for Agent to access the subject Leased Real Estate for the purposes of collecting, selling, disposing,
removing or otherwise handling any Collateral located thereon, which agreements shall otherwise be reasonably satisfactory in form and substance to Agent. Each Credit Party shall use commercially reasonably efforts to obtain bailee waivers from the
bailee in possession of any Collateral with respect to each location where any Collateral is stored or located, which agreement shall be reasonably satisfactory in form and substance to Agent. If requested by Agent, the Credit Parties shall use
commercially reasonable efforts to deliver mortgagee waivers, as applicable, that in each case are reasonably satisfactory in form and substance to Agent. 
 4.13 Further Assurances. 
 (a) Each Credit Party shall
ensure that all written information, exhibits and reports furnished to Agent or the Lenders do not and will not contain any untrue statement of a material fact and do not and will not omit to state any material fact or any fact necessary to make the
statements contained therein not misleading in any material respect in light of the circumstances in which made, and will promptly disclose to Agent and the Lenders and correct any material defect or error that may be discovered therein or in any
Loan Document or in the execution, acknowledgement or recordation thereof. 
 (b) Promptly upon request by
Agent, the Credit Parties shall (and, subject to the limitations hereinafter set forth, shall cause each of their Subsidiaries to) take such additional actions and execute such documents as Agent may reasonably require from time to time in order
(i) to carry out more effectively the purposes of this Agreement or any other Loan Document, (ii) to subject to the Liens created by any of the Collateral Documents any of the Properties, rights or interests covered by any of the
Collateral Documents, (iii) to perfect and maintain the validity, effectiveness and priority of any of the Collateral Documents and the Liens intended to be created thereby, and (iv) to better assure, convey, grant, assign, transfer,
preserve, protect and confirm to the Secured Parties the rights granted or now or hereafter intended to be granted to the Secured Parties under any Loan Document. Without limiting the generality of the foregoing and except as otherwise approved in
writing by Required Lenders, the Credit Parties shall cause each of their Domestic Subsidiaries (other than Excluded Subsidiaries) to guaranty the Obligations and to cause each such Subsidiary to grant to Agent, for the benefit of the Secured
Parties, a security interest in, subject to the limitations hereinafter set forth, all of such Subsidiary’s Property to secure such guaranty. Furthermore and except as otherwise approved in writing by Required Lenders, each Credit Party shall,
and shall cause each of its Domestic Subsidiaries 

  
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(other than Excluded Subsidiaries) to, pledge all of the Stock and Stock Equivalents of each of its Domestic Subsidiaries (other than Excluded Subsidiaries) and First Tier Foreign Subsidiaries
(provided that with respect to any First Tier Foreign Subsidiary, such pledge shall be limited to sixty-five percent (65%) of such Foreign Subsidiary’s outstanding voting Stock and Stock Equivalents and one hundred percent (100%) of
such Foreign Subsidiary’s outstanding non-voting Stock and Stock Equivalents) in each instance, to Agent, for the benefit of the Secured Parties, to secure the Obligations. In connection with each pledge of Stock and Stock Equivalents, the
Credit Parties shall deliver, or cause to be delivered, to Agent, irrevocable proxies and stock powers and/or assignments, as applicable, duly executed in blank. In the event any Credit Party or any Domestic Subsidiary (other than an Excluded
Subsidiary) acquires any Real Estate with a fair market value in excess of $1,000,000, such Person shall promptly (and in any event within 30 days of such acquisition) execute and/or deliver, or cause to be executed and/or delivered, to Agent,
(I) an appraisal complying with FIRREA and otherwise in form and substance reasonably satisfactory to Agent, (II) within forty-five (45) days of receipt of notice from Agent that the subject property is located in a Special Flood Hazard
Area, Federal Flood Insurance as required by Section 4.6(a), (III) with respect to Real Estate owned by such Person, a fully executed Mortgage, in form and substance reasonably satisfactory to Agent, together with an A.L.T.A.
lender’s title insurance policy issued by a title insurer reasonably satisfactory to Agent, in form and substance and in an amount reasonably satisfactory to Agent, insuring that the Mortgage is a valid and enforceable first priority Lien on
the respective property, free and clear of all Liens, and containing such endorsements and other coverages reasonably required by Agent, (IV) if required in addition to the Mortgage, a UCC fixture filing in form and substance reasonably satisfactory
to Agent; (V) tenant estoppel(s) and subordination, non-disturbance and attornment agreement(s), in form and substance reasonably satisfactory to Agent, in the event the subject property is leased from such Credit Party to other part(ies); (VI)
an “insured closing letter” from the insurance company issuing the A.L.T.A. lender’s title insurance policy, to the extent reasonably required by Agent; (VII) an opinion from counsel in the state where the subject property is located
which provides, among other things, that the Mortgage is in proper form to create a valid and enforceable lien upon the subject property; (VIII) an A.L.T.A. survey performed within sixty (60) days of the acquisition of such property, certified
to Agent and such other parties requested by Agent, and performed by a licensed surveyor in the State where the subject property is located, which A.L.T.A. survey shall contain “Table A” items 1-4, 6, 7(a), 7(b)(1), 7(b)(2), 7(c), 8-9, 11,
13, 14, 16, and 18; and (IX) an environmental site assessment prepared by a qualified firm reasonably acceptable to Agent, in form and substance satisfactory to Agent. In addition to the obligations set forth in Sections 4.6(a) and
4.13(b)(s), within forty-five (45) days after written notice from Agent to the Credit Parties that any Real Estate is located in a Special Flood Hazard Area, the Credit Parties shall satisfy the Federal Flood Insurance requirements of
Section 4.6(a). 
 4.14 Environmental Matters. Each Credit Party shall, and shall cause each
of its Subsidiaries to, comply and maintain all Real Estate, whether owned, leased, subleased or otherwise operated or occupied, in compliance with all applicable Environmental Laws (including by implementing any Remedial Action necessary to achieve
such compliance or that is required by orders and directives of any Governmental Authority) except where the failure to comply would not reasonably be expected to, individually or in the aggregate, result in a Material Environmental Liability.
Without limiting the foregoing, if an Event of Default is continuing or if Agent at any time has a reasonable basis to believe that there exists a non-de 

  
 41 

 
minimis violation or violations of any Environmental Law by any Credit Party or any Subsidiary of any Credit Party or that there exist any non-de minimis Environmental Liabilities, then each
Credit Party shall, within 30 days after receipt of a written request from Agent, provide to the Lenders an environmental assessment report regarding the matters which are the subject of such Event of Default or reasonable belief, including, where
appropriate, subsurface sampling of soil and groundwater. Such a report shall be conducted and prepared by a reputable environmental consulting firm reasonably acceptable to Agent and shall be in form and substance reasonably acceptable to Agent.

 4.15 Post-Closing Obligations. As a material inducement to Agent and Lenders entering into and
performing their respective obligations under this Agreement, Borrower hereby agrees to complete delivery and/or performance of each item set forth on Schedule 4.15 hereto on or prior to the date indicated with respect thereto on
Schedule 4.15. 
 ARTICLE V - 
 NEGATIVE COVENANTS 
 Each Credit Party covenants and agrees
that, so long as any Lender shall have any Commitment hereunder, or any Loan or other Obligation (other than contingent indemnification Obligations to the extent no claim giving rise thereto has been asserted) shall remain unpaid or unsatisfied:

 5.1 Limitation on Liens. No Credit Party shall, and no Credit Party shall suffer or permit any of its
Subsidiaries to, directly or indirectly, make, create, incur, assume or suffer to exist any Lien upon or with respect to any part of its Property, whether now owned or hereafter acquired, other than the following (“Permitted
Liens”): 
 (a) any Lien existing on the Property of a Credit Party or a Subsidiary of a Credit Party
on the Closing Date and set forth in Schedule 5.1 securing Indebtedness outstanding on such date and permitted by Section 5.5(c), including replacement Liens on the Property currently subject to such Liens securing
Indebtedness permitted by Section 5.5(c); 
 (b) any Lien created under any Loan Document;

 (c) Liens for taxes, fees, assessments or other governmental charges (i) which are not past due or
remain payable without penalty, or (ii) the non payment of which is permitted by Section 4.7; 

(d) carriers’, warehousemen’s, mechanics’, landlords’, materialmen’s, repairmen’s or other
similar statutory Liens arising in the Ordinary Course of Business which are not delinquent for more than ninety (90) days or remain payable without penalty or which are being contested in good faith and by appropriate proceedings diligently
prosecuted, which proceedings have the effect of preventing the forfeiture or sale of the Property subject thereto and for which adequate reserves in accordance with GAAP are being maintained; 

  
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 (e) Liens (other than any Lien imposed by ERISA) consisting of pledges or
deposits required in the Ordinary Course of Business in connection with workers’ compensation, unemployment insurance and other social security legislation or to secure the performance of tenders, statutory obligations, surety, stay, customs
and appeals bonds, bids, leases, governmental contract, trade contracts, performance and return of money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money) or to secure liability to insurance carriers;

 (f) Liens consisting of judgment or judicial attachment liens not constituting an Event of Default under
Section 7.1(h); 
 (g) easements, rights of way, zoning and other restrictions, minor defects or
other irregularities in title, and other similar encumbrances incurred in the Ordinary Course of Business which, either individually or in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value
of the Property subject thereto or interfere in any material respect with the ordinary use and conduct of the businesses of any Credit Party or any Subsidiary of any Credit Party on such Property; 

(h) Liens on any Property acquired or held by any Credit Party or any Subsidiary of any Credit Party securing
Indebtedness incurred or assumed for the purpose of financing (or refinancing) all or any part of the cost of acquiring such Property and permitted under Section 5.5(d); provided that (i) any such Lien attaches to such
Property concurrently with or within thirty (30) days after the acquisition thereof, (ii) such Lien attaches solely to the Property so acquired in such transaction and the proceeds thereof, and (iii) the principal amount of the debt
secured thereby does not exceed 100% of the cost of such Property; 
 (i) Liens securing Capital Lease
Obligations permitted under Section 5.5(d); 
 (j) Liens arising from precautionary uniform
commercial code financing statements filed under any lease permitted by this Agreement; 
 (k) leases, subleases
or licenses (by a Credit Party or any Subsidiary of a Credit Party as lessor, sublessor or licensor) to third parties in the Ordinary Course of Business not interfering with the business of the Credit Parties or any of their Subsidiaries;

 (l) Liens in favor of collecting banks arising under Section 4-210 of the Uniform Commercial Code
or, with respect to collecting banks located in the State of New York, under Section 4-208 of the Uniform Commercial Code; 
 (m) Liens (including the right of set-off) in favor of a bank or other depository institution arising as a matter of law encumbering deposits; 

(n) Liens arising out of consignment or similar arrangements for the sale of goods entered into by Borrower or any
Subsidiary of Borrower in the Ordinary Course of Business; 
 (o) Liens arising in connection with the Permitted
Sale/Leaseback Transactions; 

  
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 (p) rights reserved to or vested in any Governmental Authority by the terms
of any right, power, franchise, grant, license or permit, or by any provision of law, to revoke or terminate any such right, power, franchise, grant, license or permit or to condemn or acquire by eminent domain or similar process; 

(q) Liens existing on any Property prior to the acquisition thereof by Borrower or any of its Subsidiaries or existing on
any Property of any Person that becomes a Subsidiary after the Closing Date prior to the time such Person becomes a Subsidiary; provided, that (i) such Liens are not created in contemplation of or in connection with such acquisition or
such Person becoming a Subsidiary, as applicable, (ii) such Liens shall not apply to any other Property of Borrower or any of its other Subsidiaries, (iii) such Liens shall secure only those obligations which it secures on the date of such
acquisition or the date such Person becomes a Subsidiary, as applicable, and extensions, renewals, refinancings and replacements thereof that do not increase the outstanding principal amount thereof, and (iv) the debt secured by such Lien is
debt permitted under Section 5.5(g) hereof; 
 (r) other Liens securing liabilities in an aggregate
amount not to exceed $2,000,000 at any time outstanding; provided, that any secured Indebtedness incurred by the Credit Parties under this Section 5.1(r) shall reduce the amount of the liabilities permitted to be secured by Liens
under Section 5.1(h) by the amount of such secured Indebtedness; and 
 (s) Liens in favor of
customs and revenue authorities arising as a matter of law which secure payment of customs duties in connection with the importation of goods in the Ordinary Course of Business. 

5.2 Disposition of Assets. No Credit Party shall, and no Credit Party shall suffer or permit any of its
Subsidiaries to, directly or indirectly, sell, assign, lease, convey, transfer or otherwise dispose of (whether in one or a series of transactions) any Property (including the Stock of any Subsidiary of any Credit Party, whether in a public or
private offering or otherwise, and accounts and notes receivable, with or without recourse), except: 
 (a)
dispositions of inventory, or worn out or surplus equipment, all in the Ordinary Course of Business; 
 (b)
dispositions not otherwise permitted hereunder which are made for fair market value and the mandatory prepayment in the amount of the Net Proceeds of such disposition is made if and to the extent required by Section 1.8(c);
provided; that (i) at the time of any disposition, no Event of Default shall exist or shall result from such disposition, (ii) not less than 85% of the aggregate sales price from such disposition shall be paid in cash,
(iii) the aggregate fair market value of all assets so sold by the Credit Parties and their Subsidiaries, together, shall not exceed in any Fiscal Year $2,500,000; provided, that (A) if the aggregate amount of asset dispositions
made in any Fiscal Year shall be less than $2,500,000 (before giving effect to any carryover), then the amount of such shortfall may be added to the amount of asset dispositions permitted under this Section 5.2(b) for the immediately succeeding
Fiscal Year (but not any subsequent Fiscal Year), and (B) in determining whether any amount of asset dispositions is available for carryover, the amount expended in any Fiscal Year shall first be deemed to be from the amount allocated to such
Fiscal Year before giving effect to any amount 

  
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carried over from the immediately preceding Fiscal Year, and (iv) after giving effect to such disposition, the Credit Parties are in compliance on a pro forma basis with the covenants set
forth in Article VI, recomputed for the most recent Fiscal Quarter for which financial statements have been delivered; 
 (c) dispositions of Cash Equivalents; 
 (d) transactions permitted
under Section 5.1(l); 
 (e) the Permitted Sale/Leaseback Transactions; and 

(f) dispositions of carbon credits in excess of the amount of carbon credits that the Credit Parties reasonably foresee
as necessary for the future operation of the businesses of the Credit Parties. 
 5.3 Consolidations and
Mergers. No Credit Party shall, and no Credit Party shall suffer or permit any of its Subsidiaries to, merge, consolidate with or into, or convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series of
transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except Permitted Acquisitions and except upon not less than three (3) Business Days prior written notice to Agent,
(a) any Subsidiary of Borrower may merge with, or dissolve or liquidate into, Borrower or a Wholly-Owned Subsidiary of Borrower which is a Domestic Subsidiary, provided that Borrower or such Wholly-Owned Subsidiary which is a Domestic
Subsidiary shall be the continuing or surviving entity and all actions required to maintain perfected Liens on the Stock of the surviving entity and other Collateral in favor of Agent, shall have been completed, and (b) any Foreign Subsidiary
may merge with or dissolve or liquidate into another Foreign Subsidiary provided if a First Tier Foreign Subsidiary is a constituent entity in such merger, dissolution or liquidation, either such First Tier Foreign Subsidiary shall be the continuing
or surviving entity or the resulting First Tier Foreign Subsidiary shall comply with the applicable requirements of Section 4.13(b). 
 5.4 Loans and Investments. No Credit Party shall and no Credit Party shall suffer or permit any of its Subsidiaries to (i) purchase or acquire any Stock or Stock Equivalents, or any
obligations or other securities of, or any interest in, any Person, including the establishment or creation of a Subsidiary, or (ii) make any Acquisitions, or any other acquisition of all or substantially all of the assets of another Person, or
of any business or division of any Person, including without limitation, by way of merger, consolidation or other combination or (iii) make or purchase, any advance, loan, extension of credit or capital contribution to or any other investment
in, any Person including Borrower, any Affiliate of Borrower or any Subsidiary of Borrower (the items described in clauses (i), (ii) and (iii) are referred to as “Investments”), except for: 

(a) Investments in cash and Cash Equivalents; 

(b) Investments by any Credit Party in any other Credit Party (including newly created Subsidiaries permitted and subject
to the terms hereunder); 

  
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 (c) loans and advances to employees of GP or any Credit Party in the
Ordinary Course of Business not to exceed $100,000 in the aggregate at any time outstanding; 
 (d) Investments
received as the non cash portion of consideration received in connection with transactions permitted pursuant to Section 5.2(b); 
 (e) Investments acquired in connection with the settlement of delinquent Accounts in the Ordinary Course of Business or in connection with the bankruptcy or reorganization of suppliers or customers; and

 (f) Investments consisting of non-cash loans made by Partnership to officers, directors and employees of GP
or a Credit Party which are used by such Persons to purchase simultaneously Stock or Stock Equivalents of Partnership; 
 (g) Investments existing on the Closing Date and set forth on Schedule 5.4; 
 (h) Investments comprised of Contingent Obligations expressly permitted by Section 5.9; 
 (i) Permitted Acquisitions; 
 (j) Investments made with the
proceeds of issuances of the Stock of Partnership or the consideration for which consists of the issuance by Partnership of Stock in Partnership; 
 (k) Investments in Joint Ventures; provided, that (i) the aggregate amount of all investments made under this clause (k) shall not exceed $2,000,000 at any time, (ii) no
Default or an Event of Default has occurred and is continuing or would result from any such investment, (iii) neither the Credit Parties nor any of their Subsidiaries shall guarantee any Indebtedness of such Joint Venture, and (iv) the
applicable Credit Party shall deliver, not less than five (5) Business Days prior to the proposed formation of such Joint Venture, a completed and executed Joint Venture Certificate for such proposed investment; 

(l) other Investments in an outstanding aggregate amount at any time not exceeding $2,000,000. 

5.5 Limitation on Indebtedness. No Credit Party shall, and no Credit Party shall suffer or permit any of its
Subsidiaries to, create, incur, assume, permit to exist, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness, except: 
 (a) the Obligations; 
 (b) [Reserved] 

(c) Indebtedness existing on the Closing Date and set forth in Schedule 5.5 including Permitted
Refinancings thereof; 

  
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 (d) Indebtedness not to exceed $7,500,000 in the aggregate at any time
outstanding, consisting of Capital Lease Obligations or secured by Liens permitted by Section 5.1(h) and Permitted Refinancings thereof; 
 (e) unsecured intercompany Indebtedness permitted pursuant to Section 5.4(b); 
 (f) Subordinated Indebtedness; 
 (g) any Indebtedness of Borrower
or any Subsidiary that is assumed to finance the cost of Permitted Acquisitions to the extent all such Indebtedness at any one time outstanding does not exceed $2,000,000; 

(h) Guarantees of any Credit Party in respect of Indebtedness otherwise permitted hereunder of any Credit Party;

 (i) any Indebtedness arising from judgments or decrees not deemed to be a Default or Event of Default under
Section 7.1(h); 
 (j) unsecured Indebtedness in respect of loans from a Governmental Authority in
connection with economic development or incentive or alternative energy programs in an aggregate principal amount not in excess of $2,500,000 at any time outstanding; and 

(k) other Indebtedness not exceeding in the aggregate at any time outstanding $2,000,000. 

5.6 Transactions with Affiliates. No Credit Party shall, and no Credit Party shall suffer or permit any of its
Subsidiaries to, enter into any transaction with any Affiliate of Borrower or of any such Subsidiary, except: 

(a) as expressly permitted by this Agreement; or 

(b) pursuant to the reasonable requirements of the business of such Credit Party or such Subsidiary upon fair and
reasonable terms no less favorable to such Credit Party or such Subsidiary than would be obtained in a comparable arm’s length transaction with a Person not an Affiliate of Borrower or such Subsidiary and, to the extent any such transaction
involves an amount in excess of $2,000,000, the terms of which are disclosed in writing to Agent; provided that the foregoing restriction shall not apply to transactions between or among Credit Parties or transactions described in “Certain
Relationships and Related Party Transactions” in the Registration Statement. 
 5.7 Fees and
Compensation. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, pay any management, consulting or similar fees to any Affiliate of any Credit Party or to any officer, director or employee of GP, any Credit Party
or any Affiliate of any Credit Party except: 
 (a) payment of reasonable compensation to officers and employees
for actual services rendered to the Credit Parties and their Subsidiaries; 

  
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 (b) transactions permitted by Section 5.6; and 

(c) Partnership may reimburse expenses to GP and pay fees to GP in accordance with Section 7.4 of the Partnership
Agreement (as in effect on the Closing Date). 
 5.8 Use of Proceeds. No Credit Party shall, and no
Credit Party shall suffer or permit any of its Subsidiaries to, use any portion of the Loan proceeds, directly or indirectly, to purchase or carry Margin Stock or repay or otherwise refinance Indebtedness of any Credit Party or others incurred to
purchase or carry Margin Stock, or otherwise in any manner which is in contravention of any Requirement of Law or in violation of this Agreement. 
 5.9 Contingent Obligations. No Credit Party shall, and no Credit Party shall suffer or permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Contingent Obligations except
in respect of the Obligations and except: 
 (a) endorsements for collection or deposit in the Ordinary Course
of Business; 
 (b) Rate Contracts entered into in the Ordinary Course of Business for bona fide hedging
purposes and not for speculation with Agent’s prior written consent; 
 (c) Contingent Obligations of the
Credit Parties and their Subsidiaries existing as of the Closing Date and listed in Schedule 5.9, including extension and renewals thereof which do not increase the amount of such Contingent Obligations or impose materially more
restrictive or adverse terms on the Credit Parties or their Subsidiaries as compared to the terms of the Contingent Obligation being renewed or extended; 
 (d) Contingent Obligations arising under indemnity agreements to title insurers to cause such title insurers to issue to Agent title insurance policies; 

(e) Contingent Obligations arising with respect to customary indemnification obligations in favor of sellers in
connection with Acquisitions permitted hereunder and (ii) purchasers in connection with dispositions permitted under Section 5.2(b); 
 (f) Contingent Obligations arising under Letters of Credit; 
 (g)
Contingent Obligations arising under guarantees of obligations of any Credit Party (other than Partnership), which obligations are otherwise permitted hereunder; provided that if such obligation is subordinated to the Obligations, such
guarantee shall be subordinated to the same extent; 
 (h) Contingent Obligations incurred in the Ordinary
Course of Business with respect to surety and appeals bonds, performance bonds and other similar obligations; 

(i) Contingent Obligations of Borrower incurred under Commodity Agreements, at the time of consummation of any such
Commodity Agreement or at any other time of determination, (i) with respect to natural gas for use in the ordinary course of production in the subsequent 3 month period, and (ii) with respect to natural gas for use in the ordinary course
of production in an aggregate outstanding amount not to exceed 67% of the maximum production capacity requirements for an 18-month period; 

  
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 (j) Contingent Obligations of Borrower incurred under Commodity Agreements
to match Borrower’s prepaid sales of fertilizer products; and 
 (k) other Contingent Obligations not
exceeding $2,000,000 in the aggregate at any time outstanding. 
 5.10 [Reserved] 

5.11 Restricted Payments. No Credit Party shall, and no Credit Party shall suffer or permit any of its
Subsidiaries to, (i) declare or make any dividend payment or other distribution of assets, properties, cash, rights, obligations or securities on account of any Stock or Stock Equivalent, (ii) purchase, redeem or otherwise acquire for
value any Stock or Stock Equivalent now or hereafter outstanding or (iii) make any payment or prepayment of principal of, premium, if any, interest, fees, redemption, exchange, purchase, retirement, defeasance, sinking fund or similar payment
with respect to, Subordinated Indebtedness other than regularly scheduled payments of interest (the items described in clauses (i), (ii) and (iii) above are referred to as “Restricted Payments”); except that
any Subsidiary of Borrower may declare and pay dividends to Borrower or any Subsidiary of Borrower ratably, and except that: 
 (a) Partnership may declare and make (i) dividend payments or other distributions payable solely in its Stock or Stock Equivalents, and (ii) distributions permitted under Section 6.3 of the
Partnership Agreement; 
 (b) Partnership may purchase, redeem or otherwise acquire Stock issued by it with the
proceeds received from the substantially concurrent issue of new Stock; 
 (c) Partnership may repurchase its
Stock or accept surrender of such Stock in lieu of cash payment in connection with the administration of the Long Term Incentive Plan as defined in the Partnership Agreement, including (i) in connection with the cashless exercise of awards
under such plan, (ii) the repurchase of restricted units from employees, directors and other recipients under such plan at nominal values, and (iii) the repurchase of Stock or surrender of Stock in lieu of cash payment by employees,
directors and other such recipients to satisfy federal, state or local tax withholding obligations of such employees, directors and other recipients with respect to income in connection with options, unit grants, phantom units or other awards made
under such plan; provided, that in the case of each such repurchase under clause (ii), (A) no Default or Event of Default has occurred and is continuing or would arise as a result of such repurchase; and (B) Borrower has
delivered to Agent, as of the date of any such repurchase, a certificate in which Borrower represents that Borrower is in compliance with the terms of this Agreement including compliance on a pro forma basis with the covenants set forth in Article
VI as of the date of such repurchase. 
 (d) Partnership may repurchase the Stock of Ineligible Holders (as
defined in the Partnership Agreement) pursuant to Section 4.9 of the Partnership Agreement; 

  
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 (e) Partnership may redeem its Stock on or within 30 days of the Closing
Date pursuant to Section 4.10 of the Partnership Agreement (as in effect on the Closing Date). 
 (f)
Borrower may make dividends or distributions to Partnership so long as: (i) no Default or Event of Default has occurred and is continuing or would arise as a result of such dividend or distribution; and (ii) Borrower has delivered to
Agent, as of the date of any such dividend or distribution, a completed and executed Permitted Dividend/Distribution Certificate in which Borrower represents that Borrower is in compliance with the terms of this Agreement including compliance on a
pro forma basis with the covenants set forth in Article VI as of the date of such dividend or distribution. 
 5.12 Change in Business. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, engage in any line of business substantially different from those lines of business
carried on by it on the Closing Date or those reasonably incidental or related thereto. Partnership shall not engage in any business activities or own any Property other than (i) ownership of the Stock and Stock Equivalents of Borrower,
(ii) activities incidental to maintenance of its corporate existence, and (iii) the entering into and performance of its obligations under the Loan Documents to which it is a party. GP shall not engage in any business activities or own any
Property other than activities or Property relating to acting as general partner of Partnership in accordance with Section 7.5 of the Partnership Agreement and being the employer of employees of GP or services to be provided, in each case, for
the benefit of Borrower. RNHI shall not own any Property other than ownership of the Stock and Stock Equivalents of Partnership and GP. 
 5.13 Change in Structure. Except as expressly permitted under Section 5.3, no Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, amend (a) any of its
Organization Documents, except to the extent that, such amendment (i) does not violate the terms and conditions of this Agreement or any of the other Loan Documents and (ii) could not reasonably be expected to have an material adverse
effect on Agent, the Lenders, the L/C Issuers, or any Loan Parties. Notwithstanding anything to the contrary in this Agreement, no Credit Party shall amend (x) Sections 4.10 and 6.3 of the Partnership Agreement without the prior written consent
of Agent, or (y) Section 7.4 of the Partnership Agreement except to the extent that such amendment is not adverse to Agent or any Lender in any respect. 

5.14 Changes in Accounting, Name and Jurisdiction of Organization. No Credit Party shall, and no Credit Party
shall suffer or permit any of its Subsidiaries to, (i) make any significant change in accounting treatment or reporting practices, except as required by GAAP, (ii) change the Fiscal Year or method for determining Fiscal Quarters of any
Credit Party or of any consolidated Subsidiary of any Credit Party, (iii) change its name as it appears in official filings in its jurisdiction of organization or (iv) change its jurisdiction of organization, in the case of clauses
(iii) and (iv), without at least five (5) Business Days’ prior written notice to Agent and the acknowledgement of Agent that all actions required by Agent, including those to continue the perfection of its Liens, have been
completed. 
 5.15 Amendments to Related Agreements and Subordinated Indebtedness. No Credit Party shall
and no Credit Party shall permit any of its Subsidiaries, to (i) amend, supplement, waive or otherwise modify any provision of any Related Agreement in a manner materially adverse to Agent or Lenders or which would reasonably be expected to
have a Material Adverse Effect, or (ii) take or fail to take any action under any Related Agreement that would reasonably be expected to have a Material Adverse Effect. 

  
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 5.16 No Negative Pledges. No Credit Party shall, and no Credit Party
shall permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual restriction or encumbrance of any kind on the ability of any Credit Party (other than Partnership) or
Subsidiary to pay dividends or make any other distribution on any of such Credit Party’s or Subsidiary’s Stock or Stock Equivalents or to pay fees, including management fees, or make other payments and distributions to Borrower or any
other Credit Party. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, directly or indirectly, enter into, assume or become subject to any Contractual Obligation prohibiting or otherwise restricting the existence of
any Lien upon any of its assets in favor of Agent to secure the Obligations, whether now owned or hereafter acquired. The foregoing shall not apply to (A) restrictions and conditions imposed by law or by any Loan Document, (B) customary
restrictions and conditions contained in agreements relating to the sale of a Subsidiary pending such sale, provided such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder,
(C) restrictions and conditions imposed on any Foreign Subsidiary by the terms of any Indebtedness of such Foreign Subsidiary permitted to be incurred hereunder, (D) restrictions and conditions imposed on the ability of any Loan Party to
create, incur or permit to exist any Lien on any carbon credits or similar allowances of such Loan Party by any agreement with a third party that is not an Affiliate of Parent Holdings, Borrower or the Subsidiaries, (E) customary provisions in
joint venture agreements and other similar agreements that restrict the assignment or other transfer of any interest in joint ventures; (F) restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by
Sections 5.1(h), 5.1(i), 5.1(q) and 5.1(r) if such restrictions or conditions apply only to the property or assets securing such Indebtedness, and (G) customary provisions in leases and other contracts restricting the assignment
thereof. 
 (a) Borrower shall not issue any Stock or Stock Equivalents (i) if such issuance would result
in an Event of Default under subsection 7.1(k) and (ii) unless such Stock and Stock Equivalents are pledged to Agent, for the benefit of the Secured Parties, as security for the Obligations, on substantially the same terms and conditions as the
Stock and Stock Equivalents of Borrower owned by Partnership are pledged to Agent as of the Closing Date. 

5.17 OFAC; Patriot Act. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to fail to
comply with the laws, regulations and executive orders referred to in Section 3.27 and Section 3.28. 
 5.18 Sale-Leasebacks. Except for Permitted Sale/Leaseback Transactions, no Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, engage in a sale leaseback, synthetic
lease or similar transaction involving any of its assets, including its Real Estate. 
 5.19 Hazardous
Materials. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, cause or suffer to exist any Release of any Hazardous Material at, to or from any Real Estate that would violate any Environmental Law, form the basis
for any 

  
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Environmental Liabilities or otherwise adversely affect the value or marketability of any Real Estate (whether or not owned by any Credit Party or any Subsidiary of any Credit Party), other than
such violations, Environmental Liabilities and effects that would not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 ARTICLE VI - 
 FINANCIAL COVENANTS 

Each Credit Party covenants and agrees that, so long as any Lender shall have any Commitment hereunder, or any Loan or
other Obligation (other than contingent indemnification Obligations to the extent no claim giving rise thereto has been asserted) shall remain unpaid or unsatisfied: 

6.1 Total Leverage Ratio. The Credit Parties shall not permit the Total Leverage Ratio to be greater than 2.5 to
1.0 as of the end of each Fiscal Quarter for the twelve-month period then ended. “Total Leverage Ratio” shall be calculated in the manner set forth in Exhibit 4.2(b). 

6.2 Fixed Charge Coverage Ratio. The Credit Parties shall not permit the Fixed Charge Coverage Ratio to be less
than 1.0 to 1.0 as of the end of each Fiscal Quarter for the twelve-month period then ended. “Fixed Charge Coverage Ratio” shall be calculated in the manner set forth in Exhibit 4.2(b). 

6.3 Clean Down Period. During a Clean Down Period, Borrower shall repay the Revolving Loans so that the aggregate
outstanding amount of the Revolving Loans are reduced to $0 (other than the outstanding Letter of Credit Obligations), with all liabilities of Borrower being paid currently (except for those liabilities being contested in good faith and for which
adequate reserves are maintained on the books of Borrower in accordance with GAAP), and Borrower shall be required to maintain three Clean Down Periods during each Fiscal Year. Borrower shall designate three Clean Down Periods during each Fiscal
Year by delivering to Agent prior written notice of its election to initiate the Clean Down Period; provided, that (i) there shall be an interval of no less than 60 days between any two Clean Down Periods, and (ii) one Clean Down Period in
each Fiscal Year shall commence in April of such Fiscal Year. 
 ARTICLE VII - 

EVENTS OF DEFAULT 
 7.1 Event of Default. Any of the following shall constitute an “Event of Default”: 
 (a) Non-Payment. Any Credit Party fails (i) to pay when and as required to be paid herein, any amount of principal of any Loan, including after maturity of the Loans, or to pay any L/C
Reimbursement Obligation or (ii) to pay within three (3) Business Days after the same shall become due, interest on any Loan, any fee or any other amount payable hereunder or pursuant to any other Loan Document; or 

  
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 (b) Representation or Warranty. Any representation, warranty or
certification by or on behalf of any Credit Party or any of its Subsidiaries made or deemed made herein, in any other Loan Document, or which is contained in any certificate, document or financial or other statement by any such Person, or their
respective Responsible Officers, furnished at any time under this Agreement, or in or under any other Loan Document, shall prove to have been incorrect in any material respect (without duplication of other materiality qualifiers contained therein)
on or as of the date made or deemed made; or 
 (c) Specific Defaults. Any Credit Party fails to perform
or observe any term, covenant or agreement contained in any of Sections 4.1, 4.2(a), 4.2(b), 4.3(a), 4.6, 4.9, 4.10 or 9.10(d), Article V or Article VI hereof or the Fee Letter; or 

(d) Other Defaults. Any Credit Party or Subsidiary of any Credit Party fails to perform or observe any other term,
covenant or agreement contained in this Agreement or any other Loan Document, and such default shall continue unremedied for a period of thirty (30) days after the earlier to occur of (i) the date upon which a Responsible Officer of any
Credit Party becomes aware of such default and (ii) the date upon which written notice thereof is given to Borrower by Agent or Required Lenders; or 
 (e) Cross Default. Any Credit Party or any Subsidiary of any Credit Party (i) fails to make any payment in respect of any Indebtedness (other than the Obligations) or Contingent Obligation
(other than the Obligations) having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than $5,000,000 when due
(whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) and such failure continues after the applicable grace or notice period, if any, specified in the document relating thereto on the date of such failure; or
(ii) fails to perform or observe any other condition or covenant, or any other event shall occur or condition exist, under any agreement or instrument relating to any such Indebtedness or Contingent Obligation (other than Contingent Obligations
owing by one Credit Party with respect to the obligations of another Credit Party permitted hereunder or earnouts permitted hereunder), if the effect of such failure, event or condition is to cause, or to permit the holder or holders of such
Indebtedness or beneficiary or beneficiaries of such Indebtedness (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause such Indebtedness to be declared to be due and payable prior to its stated
maturity (without regard to any subordination terms with respect thereto), or such Contingent Obligation to become payable or cash collateral in respect thereof to be demanded; or 

(f) Insolvency; Voluntary Proceedings. Any Credit Party or any Subsidiary of any Credit Party: (i) generally
fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course;
(iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or 

  
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 (g) Involuntary Proceedings. (i) Any involuntary Insolvency
Proceeding is commenced or filed against any Credit Party or any Subsidiary of any Credit Party, or any writ, judgment, warrant of attachment, execution or similar process, is issued or levied against a substantial part of any such Person’s
Properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded within sixty (60) days after commencement, filing
or levy; (ii) any Credit Party or any Subsidiary of any Credit Party admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any
Insolvency Proceeding; or (iii) any Credit Party or any Subsidiary of any Credit Party acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar
Person for itself or a substantial portion of its Property or business; or 
 (h) Monetary Judgments. One
or more judgments, non-interlocutory orders, decrees or arbitration awards shall be entered against any one or more of the Credit Parties or any of their respective Subsidiaries involving in the aggregate a liability of $5,000,000 or more (excluding
amounts covered by insurance to the extent the relevant independent third-party insurer has not denied coverage therefor), and the same shall remain unsatisfied, unvacated and unstayed pending appeal for a period of thirty (30) days after the
entry thereof; or 
 (i) Non Monetary Judgments. One or more non-monetary judgments, orders or decrees
shall be rendered against any one or more of the Credit Parties or any of their respective Subsidiaries which has or would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, and there shall be any
period of ten (10) consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 

(j) Collateral. Any material provision of any Loan Document shall for any reason cease to be valid and binding on
or enforceable against any Credit Party or any Subsidiary of any Credit Party party thereto or any Credit Party or any Subsidiary of any Credit Party shall so state in writing or bring an action to limit its obligations or liabilities thereunder; or
any Collateral Document shall for any reason (other than pursuant to the terms thereof) cease to create a valid security interest in the Collateral purported to be covered thereby or such security interest shall for any reason (other than the
failure of Agent to take any action within its control) cease to be a perfected and first priority security interest subject only to Permitted Liens; or 
 (k) Ownership. Partnership shall cease to own one hundred percent (100%) of the issued and outstanding Stock and Stock Equivalents of Borrower, free and clear of all Liens, rights, options,
warrants or other similar agreements or understandings, other than Liens in favor of Agent, for the benefit of the Secured Parties; or 
 (l) Change of Control. The majority of the board of directors of RNHI or GP shall cease to consist of directors appointed by Rentech; or 

(m) Compliance with ERISA. Either (i) any ERISA Affiliate shall cause or suffer to exist (A) any event
that could result in the imposition of a Lien on any asset of a Credit Party or a Subsidiary of a Credit Party with respect to any Title IV Plan or Multiemployer Plan or (B) any other ERISA Event, that would in the case of clauses
(A) or (B), in the aggregate, have a Material Adverse Effect, or (ii) any Credit Party shall cause or suffer to exist any event that could result in the imposition of a Lien with respect to any Benefit Plan, which, in the
reasonable judgment of Agent, could reasonably be expected to have a Material Adverse Effect. 

  
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 7.2 Remedies. Upon the occurrence and during the continuance of any
Event of Default, Agent may, and shall at the request of the Required Lenders: 
 (a) declare all or any portion
of the Commitment of each Lender to make Loans or of the L/C Issuer to issue Letters of Credit to be suspended or terminated, whereupon such Commitments shall forthwith be suspended or terminated; 

(b) declare all or any portion of the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid
thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable; without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by each Credit
Party; and/or 
 (c) exercise on behalf of itself and the Lenders all rights and remedies available to it and
the Lenders under the Loan Documents or applicable law; 
 provided, however, that (i) upon
the occurrence of any event specified in Sections 7.1(f) or 7.1(g) above (in the case of Section 7.1(g)(i) upon the expiration of the sixty (60) day period mentioned therein), the obligation of each Lender to make
Loans and the obligation of the L/C Issuer to issue Letters of Credit shall automatically terminate and the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable
without further act of Agent, any Lender or the L/C Issuer, and (ii) notwithstanding anything to the contrary set forth herein or in the other Loan Documents, Agent shall only be required to exercise rights or remedies against Collateral
consisting of Real Estate or Stock at the written direction of Supermajority Lenders. 
 7.3 Rights Not
Exclusive. The rights provided for in this Agreement and the other Loan Documents are cumulative and are not exclusive of any other rights, powers, privileges or remedies provided by law or in equity, or under any other instrument, document or
agreement now existing or hereafter arising. 
 7.4 Cash Collateral for Letters of Credit. If an Event of
Default has occurred and is continuing, this Agreement (or the Revolving Loan Commitment) shall be terminated for any reason or if otherwise required by the terms hereof, Agent may, and upon request of Required Revolving Lenders, shall, demand
(which demand shall be deemed to have been delivered automatically upon any acceleration of the Loans and other obligations hereunder pursuant to Section 7.2), and Borrower shall thereupon deliver to Agent, to be held for the benefit of
the L/C Issuer, Agent and the Lenders entitled thereto, an amount of cash equal to 105% of the amount of Letter of Credit Obligations as additional collateral security for Obligations in respect of any outstanding Letter of Credit. Agent may at any
time apply any or all of such cash and cash collateral to the payment of any or all of the Credit Parties’ Obligations in respect of any Letters of Credit. Pending such application, Agent may (but shall not be obligated to) invest the same in
an interest bearing account in Agent’s name, for the benefit of the L/C Issuer, Agent and the Lenders entitled thereto, under which deposits are available for immediate withdrawal, at such bank or financial institution as the L/C Issuer and
Agent may, in their discretion, select. 

  
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 ARTICLE VIII - 

AGENT 
 8.1 Appointment and Duties. 
 (a) Appointment of
Agent. Each Lender and each L/C Issuer hereby appoints GE Capital (together with any successor Agent pursuant to Section 8.9) as Agent hereunder and authorizes Agent to (i) execute and deliver the Loan Documents and accept delivery
thereof on its behalf from any Credit Party, (ii) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to Agent under such Loan Documents and (iii) exercise such
powers as are reasonably incidental thereto. 
 (b) Duties as Collateral and Disbursing Agent. Without
limiting the generality of clause (a) above, Agent shall have the sole and exclusive right and authority (to the exclusion of the Lenders and L/C Issuers), and is hereby authorized, to (i) act as the disbursing and collecting agent
for the Lenders and the L/C Issuers with respect to all payments and collections arising in connection with the Loan Documents (including in any proceeding described in Sections 7.1(f) or 7.1(g) or any other bankruptcy, insolvency or
similar proceeding), and each Person making any payment in connection with any Loan Document to any Secured Party is hereby authorized to make such payment to Agent, (ii) file and prove claims and file other documents necessary or desirable to
allow the claims of the Secured Parties with respect to any Obligation in any proceeding described in Section 7.1(f) or 7.1(g) or any other bankruptcy, insolvency or similar proceeding (but not to vote, consent or otherwise act on
behalf of such Person), (iii) act as collateral agent for each Secured Party for purposes of the perfection of all Liens created by such agreements and all other purposes stated therein, (iv) manage, supervise and otherwise deal with the
Collateral, (v) take such other action as is necessary or desirable to maintain the perfection and priority of the Liens created or purported to be created by the Loan Documents, (vi) except as may be otherwise specified in any Loan
Document, exercise all remedies given to Agent and the other Secured Parties with respect to the Credit Parties and/or the Collateral, whether under the Loan Documents, applicable Requirements of Law or otherwise and (vii) execute any
amendment, consent or waiver under the Loan Documents on behalf of any Lender that has consented in writing to such amendment, consent or waiver; provided, however, that Agent hereby appoints, authorizes and directs each Lender and L/C Issuer to act
as collateral sub-agent for Agent, the Lenders and the L/C Issuers for purposes of the perfection of all Liens with respect to the Collateral, including any deposit account maintained by a Credit Party with, and cash and Cash Equivalents held by,
such Lender or L/C Issuer, and may further authorize and direct the Lenders and the L/C Issuers to take further actions as collateral sub-agents for purposes of enforcing such Liens or otherwise to transfer the Collateral subject thereto to Agent,
and each Lender and L/C Issuer hereby agrees to take such further actions to the extent, and only to the extent, so authorized and directed. 

  
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 (c) Limited Duties. Under the Loan Documents, Agent (i) is
acting solely on behalf of the Lenders and the L/C Issuers (except to the limited extent provided in Section 1.4(b) with respect to the Register), with duties that are entirely administrative in nature, notwithstanding the use of the
defined term “Agent”, the terms “agent”, “Agent” and “collateral agent” and similar terms in any Loan Document to refer to Agent, which terms are used for title purposes only, (ii) is not assuming any
obligation under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Lender, L/C Issuer or any other Person and (iii) shall have no implied functions, responsibilities, duties,
obligations or other liabilities under any Loan Document, and each Secured Party, by accepting the benefits of the Loan Documents, hereby waives and agrees not to assert any claim against Agent based on the roles, duties and legal relationships
expressly disclaimed in clauses (i) through (iii) above. 
 8.2 Binding Effect.
Each Secured Party, by accepting the benefits of the Loan Documents, agrees that (i) any action taken by Agent or the Required Lenders (or, if expressly required hereby, a greater proportion of the Lenders) in accordance with the provisions of
the Loan Documents, (ii) any action taken by Agent in reliance upon the instructions of Required Lenders (or, where so required, such greater proportion) and (iii) the exercise by Agent or the Required Lenders (or, where so required, such
greater proportion) of the powers set forth herein or therein, together with such other powers as are reasonably incidental thereto, shall be authorized and binding upon all of the Secured Parties. 

8.3 Use of Discretion. 
 (a) No Action without Instructions. Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any
action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).

 (b) Right Not to Follow Certain Instructions. Notwithstanding clause (a) above, Agent shall not
be required to take, or to omit to take, any action (i) unless, upon demand, Agent receives an indemnification satisfactory to it from the Lenders (or, to the extent applicable and acceptable to Agent, any other Person) against all Liabilities
that, by reason of such action or omission, may be imposed on, incurred by or asserted against Agent or any Related Person thereof or (ii) that is, in the opinion of Agent or its counsel, contrary to any Loan Document or applicable Requirement
of Law. 
 (c) Exclusive Right to Enforce Rights and Remedies. Notwithstanding anything to the contrary
contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Credit Parties or any of them shall be vested exclusively in, and all actions and proceedings at
law in connection with such enforcement shall be instituted and maintained exclusively by, the Agent in accordance with the Loan Documents for the benefit of all the Lenders and the L/C Issuer; provided that the foregoing shall not prohibit
(a) the Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Agent) hereunder and under the other Loan Documents, (b) each of the L/C Issuers and the Swingline Lender from
exercising the rights and remedies that inure to its benefit (solely in its capacity as L/C Issuer or Swingline Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender

  
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from exercising setoff rights in accordance with Section 9.11 or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the
pendency of a proceeding relative to any Credit Party under any bankruptcy or other debtor relief law; and provided further that if at any time there is no Person acting as Agent hereunder and under the other Loan Documents, then (i) the
Required Lenders shall have the rights otherwise ascribed to the Agent pursuant to Section 7.2 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to
Section 9.11, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 

8.4 Delegation of Rights and Duties. Agent may, upon any term or condition it specifies, delegate or exercise any
of its rights, powers and remedies under, and delegate or perform any of its duties or any other action with respect to, any Loan Document by or through any trustee, co-agent, employee, attorney-in-fact and any other Person (including any Secured
Party). Any such Person shall benefit from this Article VIII to the extent provided by Agent. 
 8.5
Reliance and Liability. 
 (a) Agent may, without incurring any liability hereunder, (i) treat the
payee of any Note as its holder until such Note has been assigned in accordance with Section 9.9, (ii) rely on the Register to the extent set forth in Section 1.4, (iii) consult with any of its Related Persons and,
whether or not selected by it, any other advisors, accountants and other experts (including advisors to, and accountants and experts engaged by, any Credit Party) and (iv) rely and act upon any document and information (including those
transmitted by Electronic Transmission) and any telephone message or conversation, in each case believed by it to be genuine and transmitted, signed or otherwise authenticated by the appropriate parties. 

(b) None of Agent and its Related Persons shall be liable for any action taken or omitted to be taken by any of them
under or in connection with any Loan Document, and each Secured Party, Partnership, Borrower and each other Credit Party hereby waive and shall not assert (and each of Partnership and Borrower shall cause each other Credit Party to waive and agree
not to assert) any right, claim or cause of action based thereon, except to the extent of liabilities resulting primarily from the gross negligence or willful misconduct of Agent or, as the case may be, such Related Person (each as determined in a
final, non-appealable judgment by a court of competent jurisdiction) in connection with the duties expressly set forth herein. Without limiting the foregoing, Agent: 

(i) shall not be responsible or otherwise incur liability for any action or omission taken in reliance
upon the instructions of the Required Lenders or for the actions or omissions of any of its Related Persons selected with reasonable care (other than employees, officers and directors of Agent, when acting on behalf of Agent); 

(ii) shall not be responsible to any Lender, L/C Issuer or other Person for the due execution, legality,
validity, enforceability, effectiveness, genuineness, sufficiency or value of, or the attachment, perfection or priority of any Lien created or purported to be created under or in connection with, any Loan Document; 

  
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 (iii) makes no warranty or representation, and shall not be responsible, to
any Lender, L/C Issuer or other Person for any statement, document, information, representation or warranty made or furnished by or on behalf of any Credit Party or any Related Person of any Credit Party in connection with any Loan Document or any
transaction contemplated therein or any other document or information with respect to any Credit Party, whether or not transmitted or (except for documents expressly required under any Loan Document to be transmitted to the Lenders) omitted to be
transmitted by Agent, including as to completeness, accuracy, scope or adequacy thereof, or for the scope, nature or results of any due diligence performed by Agent in connection with the Loan Documents; and 

(iv) shall not have any duty to ascertain or to inquire as to the performance or observance of any provision of any Loan
Document, whether any condition set forth in any Loan Document is satisfied or waived, as to the financial condition of any Credit Party or as to the existence or continuation or possible occurrence or continuation of any Default or Event of Default
and shall not be deemed to have notice or knowledge of such occurrence or continuation unless it has received a notice from Borrower, any Lender or L/C Issuer describing such Default or Event of Default clearly labeled “notice of default”
(in which case Agent shall promptly give notice of such receipt to all Lenders); 
 and, for each of the items set forth in
clauses (i) through (iv) above, each Lender, L/C Issuer, Partnership and Borrower hereby waives and agrees not to assert (and each of Partnership and Borrower shall cause each other Credit Party to waive and agree not to
assert) any right, claim or cause of action it might have against Agent based thereon. 
 8.6 Agent
Individually. Agent and its Affiliates may make loans and other extensions of credit to, acquire Stock and Stock Equivalents of, engage in any kind of business with, any Credit Party or Affiliate thereof as though it were not acting as Agent and
may receive separate fees and other payments therefor. To the extent Agent or any of its Affiliates makes any Loan or otherwise becomes a Lender hereunder, it shall have and may exercise the same rights and powers hereunder and shall be subject to
the same obligations and liabilities as any other Lender and the terms “Lender”, “Revolving Lender”, “CAPEX Lender”, “Required Lender”, “Required Revolving Lender”, “Required CAPEX Lender”,
“Supermajority Lenders” and any similar terms shall, except where otherwise expressly provided in any Loan Document, include, without limitation, Agent or such Affiliate, as the case may be, in its individual capacity as Lender, Revolving
Lender, CAPEX Lender or as one of the Required Lenders, Required Revolving Lenders, Required CAPEX Lenders or Supermajority Lenders, respectively. 
 8.7 Lender Credit Decision. 
 (a) Each Lender and each L/C
Issuer acknowledges that it shall, independently and without reliance upon Agent, any Lender or L/C Issuer or any of their Related Persons or upon any document (including any offering and disclosure materials in connection with the syndication of
the Loans) solely or in part because such document was transmitted by Agent or any of its Related Persons, conduct its own independent investigation of the financial condition and affairs of each Credit Party and make and continue to make its own
credit 

  
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decisions in connection with entering into, and taking or not taking any action under, any Loan Document or with respect to any transaction contemplated in any Loan Document, in each case based
on such documents and information as it shall deem appropriate. Except for documents expressly required by any Loan Document to be transmitted by Agent to the Lenders or L/C Issuers, Agent shall not have any duty or responsibility to provide any
Lender or L/C Issuer with any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any Credit Party or any Affiliate of any Credit Party that may come in to the
possession of Agent or any of its Related Persons. 
 (b) If any Lender or L/C Issuer has elected to abstain
from receiving MNPI concerning the Credit Parties or their Affiliates, such Lender or L/C Issuer acknowledges that, notwithstanding such election, Agent and/or the Credit Parties will, from time to time, make available syndicate-information (which
may contain MNPI) as required by the terms of, or in the course of administering the Loans to the credit contact(s) identified for receipt of such information on the Lender’s administrative questionnaire who are able to receive and use all
syndicate-level information (which may contain MNPI) in accordance with such Lender’s compliance policies and contractual obligations and applicable law, including federal and state securities laws; provided, that if such contact is not so
identified in such questionnaire, the relevant Lender or L/C Issuer hereby agrees to promptly (and in any event within one (1) Business Day) provide such a contact to Agent and the Credit Parties upon request therefor by Agent or the Credit
Parties. Notwithstanding such Lender’s or L/C Issuer’s election to abstain from receiving MNPI, such Lender or L/C Issuer acknowledges that if such Lender or L/C Issuer chooses to communicate with Agent, it assumes the risk of receiving
MNPI concerning the Credit Parties or their Affiliates. 
 8.8 Expenses; Indemnities. 

(a) Each Lender agrees to reimburse Agent and each of its Related Persons (to the extent not reimbursed by any Credit
Party) promptly upon demand, severally and ratably, for any costs and expenses (including fees, charges and disbursements of financial, legal and other advisors and Other Taxes paid in the name of, or on behalf of, any Credit Party) that may be
incurred by Agent or any of its Related Persons in connection with the preparation, syndication, execution, delivery, administration, modification, consent, waiver or enforcement (whether through negotiations, through any work-out, bankruptcy,
restructuring or other legal or other proceeding or otherwise) of, or legal advice in respect of its rights or responsibilities under, any Loan Document. 
 (b) Each Lender further agrees to indemnify Agent and each of its Related Persons (to the extent not reimbursed by any Credit Party), severally and ratably, from and against Liabilities (including taxes,
interests and penalties imposed for not properly withholding or backup withholding on payments made to or for the account of any Lender) that may be imposed on, incurred by or asserted against Agent or any of its Related Persons in any matter
relating to or arising out of, in connection with or as a result of any Loan Document, any Related Agreement or any other act, event or transaction related, contemplated in or attendant to any such document, or, in each case, any action taken or
omitted to be taken by Agent or any of its Related Persons under or with respect to any of the foregoing; provided, however, that no Lender shall be liable to Agent or any of its Related Persons to the extent such liability has resulted primarily
from the gross negligence or willful misconduct of Agent or, as the case may be, such Related Person, as determined by a court of competent jurisdiction in a final non-appealable judgment or order. 

  
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 (c) To the extent required by any applicable law, Agent may withhold from
any payment to any Lender under a Loan Document an amount equal to any applicable withholding tax. If the Internal Revenue Service or any other Governmental Authority asserts a claim that Agent did not properly withhold tax from amounts paid to or
for the account of any Lender (because the appropriate certification form was not delivered, was not properly executed, or fails to establish an exemption from, or reduction of, withholding tax with respect to a particular type of payment, or
because such Lender failed to notify Agent or any other Person of a change in circumstances which rendered the exemption from, or reduction of, withholding tax ineffective, or for any other reason), or Agent reasonably determines that it was
required to withhold taxes from a prior payment but failed to do so, such Lender shall promptly indemnify Agent fully for all amounts paid, directly or indirectly, by Agent as tax or otherwise, including penalties and interest, and together with all
expenses incurred by Agent, including legal expenses, allocated internal costs and out-of-pocket expenses. Agent may offset against any payment to any Lender under a Loan Document, any applicable withholding tax that was required to be withheld from
any prior payment to such Lender but which was not so withheld, as well as any other amounts for which Agent is entitled to indemnification from such Lender under this Section 8.8(c). 

8.9 Resignation of Agent or L/C Issuer. 

(a) Agent may resign at any time by delivering notice of such resignation to the Lenders and Borrower, effective on the
date set forth in such notice or, if no such date is set forth therein, upon the date such notice shall be effective. If Agent delivers any such notice, the Required Lenders shall have the right to appoint a successor Agent subject to the last
sentence of this clause (a). If, within 30 days after the retiring Agent having given notice of resignation, no successor Agent has been appointed by the Required Lenders that has accepted such appointment, then the retiring Agent may, on
behalf of the Lenders, appoint a successor Agent from among the Lenders. Each appointment under this clause (a) shall be subject to the prior consent of Borrower, which may not be unreasonably withheld but shall not be required during
the continuance of an Event of Default. 
 (b) Effective immediately upon its resignation, (i) the retiring
Agent shall be discharged from its duties and obligations under the Loan Documents, (ii) the Lenders shall assume and perform all of the duties of Agent until a successor Agent shall have accepted a valid appointment hereunder, (iii) the
retiring Agent and its Related Persons shall no longer have the benefit of any provision of any Loan Document other than with respect to any actions taken or omitted to be taken while such retiring Agent was, or because such Agent had been, validly
acting as Agent under the Loan Documents and (iv) subject to its rights under Section 8.3, the retiring Agent shall take such action as may be reasonably necessary to assign to the successor Agent its rights as Agent under the Loan
Documents. Effective immediately upon its acceptance of a valid appointment as Agent, a successor Agent shall succeed to, and become vested with, all the rights, powers, privileges and duties of the retiring Agent under the Loan Documents.

  
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 (c) Any L/C Issuer may resign at any time by delivering notice of such
resignation to Agent, effective on the date set forth in such notice or, if no such date is set forth therein, on the date such notice shall be effective. Upon such resignation, the L/C Issuer shall remain an L/C Issuer and shall retain its rights
and obligations in its capacity as such (other than any obligation to Issue Letters of Credit but including the right to receive fees or to have Lenders participate in any L/C Reimbursement Obligation thereof) with respect to Letters of Credit
issued by such L/C Issuer prior to the date of such resignation and shall otherwise be discharged from all other duties and obligations under the Loan Documents. 

8.10 Release of Collateral or Guarantors. Each Lender and L/C Issuer hereby consents to the release and hereby
directs Agent to release (or, in the case of clause (b)(ii) below, release or subordinate) the following: 
 (a) any Subsidiary of Borrower from its guaranty of any Obligation if all of the Stock and Stock Equivalents of such Subsidiary owned by any Credit Party are sold or transferred in a transaction permitted
under the Loan Documents (including pursuant to a waiver or consent), to the extent that, after giving effect to such transaction, such Subsidiary would not be required to guaranty any Obligations pursuant to Section 4.13; and

 (b) any Lien held by Agent for the benefit of the Secured Parties against (i) any Collateral that is
sold, transferred, conveyed or otherwise disposed of by a Credit Party in a transaction permitted by the Loan Documents (including pursuant to a valid waiver or consent), to the extent all Liens required to be granted in such Collateral pursuant to
Section 4.13 after giving effect to such transaction have been granted, (ii) any property subject to a Lien permitted hereunder in reliance upon Section 5.1(h) or 5.1(i), and (iii) all of the Collateral and
all Credit Parties, upon (A) termination of the Revolving Loan Commitments and the CAPEX Loan Commitments, (B) payment and satisfaction in full of all Loans, all L/C Reimbursement Obligations and all other Obligations under the Loan
Documents and all Obligations arising under Secured Rate Contracts, that Agent has theretofore been notified in writing by the holder of such Obligation are then due and payable, (C) deposit of cash collateral with respect to all contingent
Obligations (or, as an alternative to cash collateral, in the case of any Letter of Credit Obligation, receipt by Agent of a back-up letter of credit) in amounts and on terms and conditions and with parties satisfactory to Agent and each Indemnitee
that is, or may be, owed such Obligations (excluding contingent Obligations (other than L/C Reimbursement Obligations) as to which no claim has been asserted) and (D) to the extent requested by Agent, receipt by Agent and the Secured Parties of
liability releases from the Credit Parties each in form and substance acceptable to Agent. 
 Each Lender and L/C Issuer hereby
directs Agent, and Agent hereby agrees, upon receipt of reasonable advance notice from Borrower, to execute and deliver or file such documents and to perform other actions reasonably necessary to release the guaranties and Liens when and as directed
in this Section 8.10. 
 8.11 Additional Secured Parties. The benefit of the provisions of
the Loan Documents directly relating to the Collateral or any Lien granted thereunder shall extend to and be available to any Secured Party that is not a Lender or L/C Issuer party hereto as long as, by accepting such benefits, such Secured Party
agrees, as among Agent and all other Secured 

  
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Parties, that such Secured Party is bound by (and, if requested by Agent, shall confirm such agreement in a writing in form and substance acceptable to Agent) this Article VIII, and
Sections 9.3, 9.9, 9.10, 9.11, 9.17, 9.24 and 10.1 (and, solely with respect to L/C Issuers, Section 1.1(b)) and the decisions and actions of Agent and the Required Lenders (or, where expressly required by the terms of this
Agreement, a greater proportion of the Lenders or other parties hereto as required herein) to the same extent a Lender is bound; provided, however, that, notwithstanding the foregoing, (a) such Secured Party shall be bound by
Section 8.8 only to the extent of Liabilities, costs and expenses with respect to or otherwise relating to the Collateral held for the benefit of such Secured Party, in which case the obligations of such Secured Party thereunder shall
not be limited by any concept of pro rata share or similar concept, (b) each of Agent, the Lenders and the L/C Issuers party hereto shall be entitled to act at its sole discretion, without regard to the interest of such Secured Party,
regardless of whether any Obligation to such Secured Party thereafter remains outstanding, is deprived of the benefit of the Collateral, becomes unsecured or is otherwise affected or put in jeopardy thereby, and without any duty or liability to such
Secured Party or any such Obligation and (c) except as otherwise set forth herein, such Secured Party shall not have any right to be notified of, consent to, direct, require or be heard with respect to, any action taken or omitted in respect of
the Collateral or under any Loan Document. 
 8.12 Documentation Agent and Syndication Agent.
Notwithstanding any provision to the contrary contained elsewhere in this Agreement or in any other Loan Document, no Person having the title of documentation agent or syndication agent shall have any duties or responsibilities, nor shall such
Person have or be deemed to have any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist
against such Person. At any time that any Lender serving (or whose Affiliate is serving) as documentation agent and/or syndication agent shall have transferred to any other Person (other than any Affiliates) all of its interests in the Loans and the
Revolving Loan Commitment, such Lender (or an Affiliate of such Lender acting as documentation agent or syndication agent) shall be deemed to have concurrently resigned as such documentation agent and/or syndication agent. 

ARTICLE IX - 
 MISCELLANEOUS 
 9.1 Amendments and Waivers.

 (a) No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent with
respect to any departure by any Credit Party therefrom, shall be effective unless the same shall be in writing and signed by the Agent, the Required Lenders (or by Agent with the consent of the Required Lenders), and Borrower and then such waiver
shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such waiver, amendment, or consent shall, unless in writing and signed by all the Lenders directly affected thereby (or by
Agent with the consent of all the Lenders directly affected thereby), in addition to Agent, the Required Lenders (or by Agent with the consent of the Required Lenders) and Borrower, do any of the following: 

  
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 (i) increase or extend the Commitment of any Lender (or
reinstate any Commitment terminated pursuant to Section 7.2(a)); 
 (ii) postpone or
delay any date fixed for, or reduce or waive, any scheduled installment of principal or any payment of interest, fees or other amounts (other than principal) due to the Lenders (or any of them) or L/C Issuer hereunder or under any other Loan
Document (for the avoidance of doubt, mandatory prepayments pursuant to Section 1.8 (other than scheduled installments under Section 1.8(a)) may be postponed, delayed, reduced, waived or modified with the consent of Required
Lenders); 
 (iii) reduce the principal of, or the rate of interest specified herein (it being
agreed that waiver of the default interest margin shall only require the consent of Required Lenders) or the amount of interest payable in cash specified herein on any Loan, or of any fees or other amounts payable hereunder or under any other Loan
Document, including L/C Reimbursement Obligations; 
 (iv) amend or modify
Section 1.10(c); 
 (v) change the percentage of the Commitments or of the aggregate
unpaid principal amount of the Loans which shall be required for the Lenders or any of them to take any action hereunder; 
 (vi) amend or waive this Section 9.1 or the definitions of “Required Lenders,” “Required Revolving Lenders”, “Required CAPEX Lenders” or “Supermajority
Lenders” or any provision providing for consent or other action by all Lenders; or 
 (vii)
discharge any Credit Party from its respective payment Obligations under the Loan Documents, or release all or substantially all of the Collateral, except as otherwise may be provided in this Agreement or the other Loan Documents; 

it being agreed that all Lenders shall be deemed to be directly affected by an amendment or waiver of the type described
in the preceding clauses (v), (vi) and (vii). 
 (b) No amendment, waiver or consent shall,
unless in writing and signed by Agent, the Swingline Lender or the L/C Issuer, as the case may be, in addition to the Required Lenders or all Lenders directly affected thereby, as the case may be (or by Agent with the consent of the Required Lenders
or all the Lenders directly affected thereby, as the case may be), affect the rights or duties of Agent, the Swingline Lender or the L/C Issuer, as applicable, under this Agreement or any other Loan Document. No amendment, modification or waiver of
this Agreement or any Loan Document altering the ratable treatment of Obligations arising under Secured Rate Contracts resulting in such Obligations being junior in right of payment to principal on the Loans or resulting in Obligations owing to any
Secured Swap Provider becoming unsecured (other than releases of Liens permitted in accordance with the terms hereof), in each case in a manner adverse to any Secured Swap Provider, shall be effective without the written consent of such Secured Swap
Provider or, in the case of a Secured Rate Contract provided or arranged by GE Capital or an Affiliate of GE Capital, GE Capital. 

  
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 (c) No amendment or waiver shall, unless signed by Agent and Required
Revolving Lenders (or by Agent with the consent of Required Revolving Lenders): (i) amend or waive compliance with the conditions precedent to the obligations of Lenders to make any Revolving Loan (or of any L/C Issuer to issue any Letter of
Credit) in Section 2.2; and (ii) waive any Default or Event of Default for the sole purpose of satisfying the conditions precedent to the obligations of Lenders to make any Revolving Loan (or of any L/C Issuer to issue any Letter of
Credit) in Section 2.2. 
 (d) No amendment or waiver shall, unless signed by Agent and Required
CAPEX Lenders (or by Agent with the consent of Required CAPEX Lenders): (i) amend or waive compliance with the conditions precedent to the obligations of Lenders to make any CAPEX Loan in Section 2.2; and (ii) waive any Default
or Event of Default for the sole purpose of satisfying the conditions precedent to the obligations of Lenders to make any CAPEX Loan in Section 2.2. 

(e) Notwithstanding anything to the contrary contained in this Section 9.1, (x) Borrower may amend
Schedule 3.9 to reflect any modification to the list of Owned Real Estate or Leased Real Estate or Schedules 3.19 or 3.21, in each case upon notice to Agent, (y) Agent may amend Schedules
1.1(a) and 1.1(b) to reflect Sales entered into pursuant to Section 9.9, and (z) Agent and Borrower may amend or modify this Agreement and any other Loan Document to (1) cure any ambiguity, omission,
defect or inconsistency therein, or (2) grant a new Lien for the benefit of the Secured Parties, extend an existing Lien over additional property for the benefit of the Secured Parties or join additional Persons as Credit Parties. 

9.2 Notices. 

(a) Addresses. All notices, demands, requests, directions and other communications required or
expressly authorized to be made by this Agreement shall be given in writing, unless otherwise expressly specified herein, and (i) addressed to the address set forth on the applicable signature page hereto, (ii) posted to Intralinks® (to the extent such system is available and set up by or at the direction of Agent prior to posting) in an
appropriate location by uploading such notice, demand, request, direction or other communication to www.intralinks.com, faxing it to 866-545-6600 with an appropriate bar-code fax coversheet or using such other means of posting to Intralinks® as may be available and reasonably acceptable to Agent prior to such posting, (iii) posted to any other
E-System approved by or set up by or at the direction of Agent or (iv) addressed to such other address as shall be notified in writing (A) in the case of Borrower, Agent and the Swingline Lender, to the other parties hereto and (B) in
the case of all other parties, to Borrower and Agent. Transmissions made by electronic mail or E-Fax to Agent shall be effective only (x) for notices where such transmission is specifically authorized by this Agreement, (y) if such
transmission is delivered in compliance with procedures of Agent applicable at the time and previously communicated to Borrower, and (z) if receipt of such transmission is acknowledged by Agent. 

(b) Effectiveness. (i) All communications described in clause (a) above and all other notices,
demands, requests and other communications made in connection with this Agreement shall be effective and be deemed to have been received (i) if delivered by hand, upon personal delivery, (ii) if delivered by overnight courier service, one
(1) Business Day after 

  
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delivery to such courier service, (iii) if delivered by mail, three (3) Business Days after deposit in the mail, (iv) if delivered by facsimile (other than to post to an E-System
pursuant to clause (a)(ii) or (a)(iii) above), upon sender’s receipt of confirmation of proper transmission, and (v) if delivered by posting to any E-System, on the later of the Business Day of such posting and the Business
Day access to such posting is given to the recipient thereof in accordance with the standard procedures applicable to such E-System; provided, however, that no communications to Agent pursuant to Article I shall be effective until
received by Agent. 
 (ii) The posting, completion and/or submission by any Credit Party of any
communication pursuant to an E-System shall constitute a representation and warranty by the Credit Parties that any representation, warranty, certification or other similar statement required by the Loan Documents to be provided, given or made by a
Credit Party in connection with any such communication is true, correct and complete except as expressly noted in such communication or E-System. 
 (c) Each Lender shall notify Agent in writing of any changes in the address to which notices to such Lender should be directed, of addresses of its Lending Office, of payment instructions in respect of
all payments to be made to it hereunder and of such other administrative information as Agent shall reasonably request. 
 9.3 Electronic Transmissions. 
 (a) Authorization.
Subject to the provisions of Section 9.2(a), each of Agent, Lenders, each Credit Party and each of their Related Persons, is authorized (but not required) to transmit, post or otherwise make or communicate, in its sole discretion,
Electronic Transmissions in connection with any Loan Document and the transactions contemplated therein. Each Credit Party and each Secured Party hereto acknowledges and agrees that the use of Electronic Transmissions is not necessarily secure and
that there are risks associated with such use, including risks of interception, disclosure and abuse and each indicates it assumes and accepts such risks by hereby authorizing the transmission of Electronic Transmissions. 

(b) Signatures. Subject to the provisions of Section 9.2(a), (i)(A) no posting to any E-System shall
be denied legal effect merely because it is made electronically, (B) each E Signature on any such posting shall be deemed sufficient to satisfy any requirement for a “signature” and (C) each such posting shall be deemed
sufficient to satisfy any requirement for a “writing”, in each case including pursuant to any Loan Document, any applicable provision of any UCC, the federal Uniform Electronic Transactions Act, the Electronic Signatures in Global and
National Commerce Act and any substantive or procedural Requirement of Law governing such subject matter, (ii) each such posting that is not readily capable of bearing either a signature or a reproduction of a signature may be signed, and shall
be deemed signed, by attaching to, or logically associating with such posting, an E-Signature, upon which Agent, each other Secured Party and each Credit Party may rely and assume the authenticity thereof, (iii) each such posting containing a
signature, a reproduction of a signature or an E-Signature shall, for all intents and purposes, have the same effect and weight as a signed paper original and (iv) each party hereto or beneficiary hereto agrees not to contest the validity or
enforceability of any posting on any E-System or E-Signature on any such posting under the provisions of any applicable Requirement of Law requiring certain documents to be in writing or signed; provided, however, that nothing herein shall
limit such party’s or beneficiary’s right to contest whether any posting to any E-System or E-Signature has been altered after transmission. 

  
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 (c) Separate Agreements. All uses of an E-System shall be governed by
and subject to, in addition to Section 9.2 and this Section 9.3, the separate terms, conditions and privacy policy posted or referenced in such E-System (or such terms, conditions and privacy policy as may be updated
from time to time, including on such E-System) and related Contractual Obligations executed by Agent and Credit Parties in connection with the use of such E-System. 

(d) LIMITATION OF LIABILITY. ALL E-SYSTEMS AND ELECTRONIC TRANSMISSIONS SHALL BE PROVIDED “AS IS” AND
“AS AVAILABLE”. NONE OF AGENT, ANY LENDER OR ANY OF THEIR RELATED PERSONS WARRANTS THE ACCURACY, ADEQUACY OR COMPLETENESS OF ANY E-SYSTEMS OR ELECTRONIC TRANSMISSION AND DISCLAIMS ALL LIABILITY FOR ERRORS OR OMISSIONS THEREIN. NO WARRANTY
OF ANY KIND IS MADE BY AGENT, ANY LENDER OR ANY OF THEIR RELATED PERSONS IN CONNECTION WITH ANY E SYSTEMS OR ELECTRONIC COMMUNICATION, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD-PARTY
RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS. Each of Borrower, each other Credit Party executing this Agreement and each Secured Party agrees that Agent has no responsibility for maintaining or providing any equipment, software, services or
any testing required in connection with any Electronic Transmission or otherwise required for any E-System. 

9.4 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of Agent or any
Lender, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of
any other right, remedy, power or privilege. No course of dealing between any Credit Party, any Affiliate of any Credit Party, Agent or any Lender shall be effective to amend, modify or discharge any provision of this Agreement or any of the other
Loan Documents. 
 9.5 Costs and Expenses. Any action taken by any Credit Party under or with respect to
any Loan Document, even if required under any Loan Document or at the request of Agent or Required Lenders, shall be at the expense of such Credit Party, and neither Agent nor any other Secured Party shall be required under any Loan Document to
reimburse any Credit Party or any Subsidiary of any Credit Party therefor except as expressly provided therein. In addition, Borrower agrees to pay or reimburse upon demand (a) Agent for all reasonable out-of-pocket costs and expenses incurred
by it or any of its Related Persons, in connection with the investigation, development, preparation, negotiation, syndication, execution, interpretation or administration of, any modification of any term of or termination of, any Loan Document, any
commitment or proposal letter therefor, any other document prepared in connection therewith or the consummation and administration of any transaction contemplated therein, in each case including Attorney Costs of Agent, the cost of environmental
audits, Collateral audits and appraisals, background checks and similar expenses, to the extent permitted hereunder, (b) Agent for all reasonable costs and expenses incurred by it or any of its Related Persons in connection

  
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with internal audit reviews, field examinations and Collateral examinations (which shall be reimbursed, in addition to the out-of-pocket costs and expenses of such examiners, at the per diem rate
per individual charged by Agent for its examiners), (c) each of Agent, its Related Persons, and L/C Issuer for all costs and expenses incurred in connection with (i) any refinancing or restructuring of the credit arrangements provided
hereunder in the nature of a “work-out”, (ii) the enforcement or preservation of any right or remedy under any Loan Document, any Obligation, with respect to the Collateral or any other related right or remedy or (iii) the
commencement, defense, conduct of, intervention in, or the taking of any other action with respect to, any proceeding (including any bankruptcy or insolvency proceeding) related to any Credit Party, any Subsidiary of any Credit Party, Loan Document,
Obligation or Related Agreement (or the response to and preparation for any subpoena or request for document production relating thereto), including Attorney Costs and (d) fees and disbursements of Attorney Costs of one law firm on behalf of
all Lenders (other than Agent) incurred in connection with any of the matters referred to in clause (c) above. 
 9.6 Indemnity. 
 (a) Each Credit Party agrees to indemnify,
hold harmless and defend Agent, each Lender, each L/C Issuer and each of their respective Related Persons (each such Person being an “Indemnitee”) from and against all Liabilities (including brokerage commissions, fees and other
compensation) that may be imposed on, incurred by or asserted against any such Indemnitee in any matter relating to or arising out of, in connection with or as a result of (i) any Loan Document, any Related Agreement, any Obligation (or the
repayment thereof), any Letter of Credit, the use or intended use of the proceeds of any Loan or the use of any Letter of Credit or any securities filing of, or with respect to, any Credit Party, (ii) any commitment letter, proposal letter or
term sheet with any Person or any Contractual Obligation, arrangement or understanding with any broker, finder or consultant, in each case entered into by or on behalf of any Credit Party or any Affiliate of any of them in connection with any of the
foregoing and any Contractual Obligation entered into in connection with any E-Systems or other Electronic Transmissions, (iii) any actual or prospective investigation, litigation or other proceeding in connection with any of the foregoing,
whether or not brought by any such Indemnitee or any of its Related Persons, any holders of securities or creditors (and including attorneys’ fees in any case), whether or not any such Indemnitee, Related Person, holder or creditor is a party
thereto, and whether or not based on any securities or commercial law or regulation or any other Requirement of Law or theory thereof, including common law, equity, contract, tort or otherwise or (iv) any other act, event or transaction
related, contemplated in or attendant to any of the foregoing (collectively, the “Indemnified Matters”); provided, however, that no Credit Party shall have any liability under this Section 9.6 to any Indemnitee
with respect to any Indemnified Matter, and no Indemnitee shall have any liability with respect to any Indemnified Matter other than (to the extent otherwise liable), to the extent such liability (x) has resulted primarily from the gross
negligence or willful misconduct of such Indemnitee, as determined by a court of competent jurisdiction in a final non-appealable judgment or order or (y) arises from claims of any of the Indemnitees solely against one or more Indemnitees
(other than claims by or against an Indemnitee in its capacity as Agent) that have not resulted from the action, inaction, participation or contribution of any Credit Party or any Affiliates of the foregoing or any of their respective officers,
directors, stockholders, partners, members, employees, agents, representatives or advisors. Furthermore, each of Borrower and each other Credit Party 

  
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executing this Agreement waives and agrees not to assert against any Indemnitee, and shall cause each other Credit Party to waive and not assert against any Indemnitee, any right of contribution
with respect to any Liabilities that may be imposed on, incurred by or asserted against any Related Person. For the avoidance of doubt, Section 10.1 and not this Section 9.6(a) shall govern indemnities with respect to Taxes.

 (b) Without limiting the foregoing, “Indemnified Matters” includes all Environmental Liabilities
imposed on, incurred by or asserted against any Indemnitee, including those arising from, or otherwise involving, any property of any Credit Party or any Related Person of any Credit Party or any actual, alleged or prospective damage to property or
natural resources or harm or injury alleged to have resulted from any Release of Hazardous Materials on, upon or into such property or natural resource or any property on or contiguous to any Real Estate of any Credit Party or any Related Person of
any Credit Party, whether or not, with respect to any such Environmental Liabilities, any Indemnitee is a mortgagee pursuant to any leasehold mortgage, a mortgagee in possession, the successor-in-interest to any Credit Party or any Related Person of
any Credit Party or the owner, lessee or operator of any property of any Related Person through any foreclosure action, in each case except to the extent such Environmental Liabilities (i) are incurred solely following foreclosure by Agent or
following Agent or any Lender having become the successor-in-interest to any Credit Party or any Related Person of any Credit Party and (ii) are attributable solely to acts of such Indemnitee. 

9.7 Marshaling; Payments Set Aside. No Secured Party shall be under any obligation to marshal any property in
favor of any Credit Party or any other Person or against or in payment of any Obligation. To the extent that any Secured Party receives a payment from Borrower, from any other Credit Party, from the proceeds of the Collateral, from the exercise of
its rights of setoff, any enforcement action or otherwise, and such payment is subsequently, in whole or in part, invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party,
then to the extent of such recovery, the obligation or part thereof originally intended to be satisfied, and all Liens, rights and remedies therefor, shall be revived and continued in full force and effect as if such payment had not occurred.

 9.8 Successors and Assigns. The provisions of this Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns; provided that any assignment by any Lender shall be subject to the provisions of Section 9.9, and provided further that Borrower may not assign or transfer any of
its rights or obligations under this Agreement without the prior written consent of Agent and each Lender. 

9.9 Assignments and Participations; Binding Effect. 

(a) Binding Effect. This Agreement shall become effective when it shall have been executed by Partnership,
Borrower, the other Credit Parties signatory hereto and Agent and when Agent shall have been notified by each Lender that such Lender has executed it. Thereafter, it shall be binding upon and inure to the benefit of, but only to the benefit of,
Partnership, Borrower, the other Credit Parties hereto (in each case except for Article VIII), Agent, each Lender and each L/C Issuer receiving the benefits of the Loan Documents and, to the extent provided in Section 8.11, each
other Secured Party and, in each case, their respective successors and permitted assigns. Except as expressly provided in any Loan Document (including in Section 8.9), none of Partnership, Borrower, any other Credit Party, any L/C Issuer or
Agent shall have the right to assign any rights or obligations hereunder or any interest herein. 

  
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 (b) Right to Assign. Each Lender may sell, transfer, negotiate or
assign (a “Sale”) all or a portion of its rights and obligations hereunder (including all or a portion of its Commitments and its rights and obligations with respect to Loans and Letters of Credit) to (i) any existing Lender (other
than a Non-Funding Lender or Impacted Lender), (ii) any Affiliate or Approved Fund of any existing Lender (other than a Non-Funding Lender or Impacted Lender)or (iii) any other Person acceptable (which acceptance shall not be unreasonably
withheld or delayed) to Agent and, as long as no Event of Default is continuing, Borrower, and, in the case of any Sale of a Revolving Loan, Letter of Credit or Revolving Loan Commitment, the Agent and each L/C Issuer that is a Lender, (which
acceptances of L/C Issuer and Borrower shall be deemed to have been given unless an objection is delivered to Agent within five (5) Business Days after notice of a proposed Sale is delivered to Borrower); provided, however, that
(w) such Sales must be ratable among the obligations owing to and owed by such Lender with respect to the Revolving Loans, (x) for each Loan, the aggregate outstanding principal amount (determined as of the effective date of the applicable
Assignment) of the Loans, Commitments and Letter of Credit Obligations subject to any such Sale shall be in a minimum amount of $1,000,000, unless such Sale is made to an existing Lender or an Affiliate or Approved Fund of any existing Lender, is of
the assignor’s (together with its Affiliates and Approved Funds) entire interest in such facility or is made with the prior consent of Borrower (to the extent Borrower’s consent is otherwise required) and Agent, (y) interest accrued
prior to and through the date of any such Sale may not be assigned, and (z) such Sales by Lenders who are Non-Funding Lenders due to clause (a) of the definition of Non-Funding Lender shall be subject to Agent’s prior written
consent in all instances, unless in connection with such sale, such Non-Funding Lender cures, or causes the cure of, its Non-Funding Lender status as contemplated in Section 1.11(e)(v). Agent’s refusal to accept a Sale to a Credit
Party, an Affiliate of a Credit Party, a holder of Subordinated Indebtedness or an Affiliate of such a holder, or to a Person that would be a Non-Funding Lender or an Impacted Lender, or the imposition of conditions or limitations (including
limitations on voting) upon Sales to such Persons, shall not be deemed to be unreasonable. 
 (c)
Procedure. The parties to each Sale made in reliance on clause (b) above (other than those described in clause (e) or (f) below) shall execute and deliver to Agent an Assignment via an electronic settlement
system designated by Agent (or, if previously agreed with Agent, via a manual execution and delivery of the Assignment) evidencing such Sale, together with any existing Note subject to such Sale (or any affidavit of loss therefor acceptable to
Agent), any tax forms required to be delivered pursuant to Section 10.1 and payment of an assignment fee in the amount of $3,500 to Agent, unless waived or reduced by Agent; provided that (i) if a Sale by a Lender is made to
an Affiliate or an Approved Fund of such assigning Lender, then no assignment fee shall be due in connection with such Sale, and (ii) if a Sale by a Lender is made to an assignee that is not an Affiliate or Approved Fund of such assignor
Lender, and concurrently to one or more Affiliates or Approved Funds of such assignee Lender, then only one assignment fee of $3,500 shall be due in connection with such Sale (unless waived or reduced by Agent). Upon receipt of all the foregoing,
and conditioned upon such receipt and, if such Assignment is made in accordance with Section 9.9(b)(iii), upon Agent (and Borrower, if applicable) consenting to such Assignment, from and after the effective date specified in such
Assignment, Agent shall record or cause to be recorded in the Register the information contained in such Assignment. 

  
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 (d) Effectiveness. Subject to the recording of an Assignment by Agent
in the Register pursuant to Section 1.4(b), (i) the assignee thereunder shall become a party hereto and, to the extent that rights and obligations under the Loan Documents have been assigned to such assignee pursuant to such
Assignment, shall have the rights and obligations of a Lender, (ii) any applicable Note shall be transferred to such assignee through such entry and (iii) the assignor thereunder shall, to the extent that rights and obligations under this
Agreement have been assigned by it pursuant to such Assignment, relinquish its rights (except for those surviving the termination of the Commitments and the payment in full of the Obligations) and be released from its obligations under the Loan
Documents, other than those relating to events or circumstances occurring prior to such assignment (and, in the case of an Assignment covering all or the remaining portion of an assigning Lender’s rights and obligations under the Loan
Documents, such Lender shall cease to be a party hereto). 
 (e) Grant of Security Interests. In addition
to the other rights provided in this Section 9.9, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to
payments of principal or interest on the Loans), to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board), without notice to Agent or (B) any holder of, or trustee for the benefit of the holders of, such
Lender’s Indebtedness or equity securities, by notice to Agent; provided, however, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an
assignment in accordance with clause (b) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder. 

(f) Participants and SPVs. In addition to the other rights provided in this Section 9.9, each Lender
may, (x) with notice to Agent, grant to an SPV the option to make all or any part of any Loan that such Lender would otherwise be required to make hereunder (and the exercise of such option by such SPV and the making of Loans pursuant thereto
shall satisfy the obligation of such Lender to make such Loans hereunder) and such SPV may assign to such Lender the right to receive payment with respect to any Obligation and (y) without notice to or consent from Agent or Borrower, sell
participations to one or more Persons in or to all or a portion of its rights and obligations under the Loan Documents (including all its rights and obligations with respect to the Revolving Loans and Letters of Credit); provided,
however, that, whether as a result of any term of any Loan Document or of such grant or participation, (i) no such SPV or participant shall have a commitment, or be deemed to have made an offer to commit, to make Loans hereunder, and,
except as provided in the applicable option agreement, none shall be liable for any obligation of such Lender hereunder, (ii) such Lender’s rights and obligations, and the rights and obligations of the Credit Parties and the Secured
Parties towards such Lender, under any Loan Document shall remain unchanged and each other party hereto shall continue to deal solely with such Lender, which shall remain the holder of the Obligations in the Register, except that (A) each such
participant and SPV shall be entitled to the benefit of Article X, but, with respect to Section 10.1, only to the extent such participant or SPV delivers the tax forms such Lender is required to collect pursuant to
Section 10.1(f) and then only to the extent of any amount to which such Lender would be entitled in the absence of any such grant or 

  
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participation and (B) each such SPV may receive other payments that would otherwise be made to such Lender with respect to Loans funded by such SPV to the extent provided in the applicable
option agreement and set forth in a notice provided to Agent by such SPV and such Lender, provided, however, that in no case (including pursuant to clause (A) or (B) above) shall an SPV or participant have the
right to enforce any of the terms of any Loan Document, and (iii) the consent of such SPV or participant shall not be required (either directly, as a restraint on such Lender’s ability to consent hereunder or otherwise) for any amendments,
waivers or consents with respect to any Loan Document or to exercise or refrain from exercising any powers or rights such Lender may have under or in respect of the Loan Documents (including the right to enforce or direct enforcement of the
Obligations), except for those described in clauses (ii) and (iii) of Section 9.1(a) with respect to amounts, or dates fixed for payment of amounts, to which such participant or SPV would otherwise be entitled
and, in the case of participants, except for those described in Section 9.1(a)(vi). No party hereto shall institute (and Borrower and Partnership shall cause each other Credit Party not to institute) against any SPV grantee of an option
pursuant to this clause (f) any bankruptcy, reorganization, insolvency, liquidation or similar proceeding, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper of such SPV;
provided, however, that each Lender having designated an SPV as such agrees to indemnify each Indemnitee against any Liability that may be incurred by, or asserted against, such Indemnitee as a result of failing to institute such proceeding
(including a failure to get reimbursed by such SPV for any such Liability). The agreement in the preceding sentence shall survive the termination of the Commitments and the payment in full of the Obligations. Each Lender that sells a participation
shall, acting solely for this purpose as an agent of Borrower, maintain a register on which it enters the name and address of each participant and the principal amounts (and stated interest) of each participant’s interest in the Commitments,
Loans, Letters of Credit, Letter of Credit Obligations or other obligations under the Loan Documents (the “Participant Register”); provided, that no Lender shall have any obligation to disclose all or any portion of a
Participant Register (including the identity of any participant or any information relating to a participant’s interest in any Commitments, Loans, Letters of Credit, Letter of Credit Obligations or its other obligations under any Loan Document)
to any Person except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of Credit, Letter of Credit Obligation or other obligation is in registered form under Section 5f.103-1(c) of the U.S. Treasury
regulations. The entries in the Participant Registers shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this
Agreement notwithstanding any notice to the contrary. 
 9.10 Non-Public Information; Confidentiality.

 (a) Non-Public Information. Agent, each Lender and each L/C Issuer acknowledges and agrees that it may
receive material non-public information (“MNPI”) hereunder concerning the Credit Parties and their Affiliates and agrees to use such information in compliance with all relevant policies, procedures and applicable Requirements of
Laws (including United States federal and state securities laws and regulations). 
 (b) Confidential
Information. Each Lender, each L/C Issuer and Agent agrees to use all reasonable efforts to maintain, in accordance with its customary practices, the confidentiality of information obtained by it pursuant to any Loan Document and designated in

  
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writing by any Credit Party as confidential, except that such information may be disclosed (i) with Borrower’s consent, (ii) to Related Persons of such Lender, L/C Issuer or Agent,
as the case may be, or to any Person that any L/C Issuer causes to issue Letters of Credit hereunder, that are advised of the confidential nature of such information and are instructed to keep such information confidential in accordance with the
terms hereof, (iii) to the extent such information presently is or hereafter becomes (A) publicly available other than as a result of a breach of this Section 9.10 or (B) available to such Lender, L/C Issuer or Agent or
any of their Related Persons, as the case may be, from a source (other than any Credit Party) not known by them to be subject to disclosure restrictions, (iv) to the extent disclosure is required by applicable Requirements of Law or other legal
process or requested or demanded by any Governmental Authority, (v) to the extent necessary or customary for inclusion in league table measurements, (vi) (A) to the National Association of Insurance Commissioners or any similar
organization, any examiner or any nationally recognized rating agency or (B) otherwise to the extent consisting of general portfolio information that does not identify Credit Parties, (vii) to current or prospective assignees, SPVs
(including the investors or prospective investors therein) or participants, direct or contractual counterparties to any Secured Rate Contracts and to their respective Related Persons, in each case to the extent such assignees, investors,
participants, counterparties or Related Persons agree to be bound by provisions substantially similar to the provisions of this Section 9.10 (and such Person may disclose information to their respective Related Persons in accordance with
clause (ii) above), (viii) to any other party hereto, and (ix) in connection with the exercise or enforcement of any right or remedy under any Loan Document, in connection with any litigation or other proceeding to which such
Lender, L/C Issuer or Agent or any of their Related Persons is a party or bound, or to the extent necessary to respond to public statements or disclosures by Credit Parties or their Related Persons referring to a Lender, L/C Issuer or Agent or any
of their Related Persons. In the event of any conflict between the terms of this Section 9.10 and those of any other Contractual Obligation entered into with any Credit Party (whether or not a Loan Document), the terms of this
Section 9.10 shall govern. 
 (c) Tombstones. Each Credit Party consents to the publication
by Agent or any Lender of advertising material relating to the financing transactions contemplated by this Agreement using Borrower’s or any other Credit Party’s name, product photographs, logo or trademark. Agent or such Lender shall
provide a draft of any advertising material to Borrower for review and comment prior to the publication thereof. 
 (d) Press Release and Related Matters. No Credit Party shall, and no Credit Party shall permit any of its Affiliates to, issue any press release or other public disclosure (other than any document
filed with any Governmental Authority relating to a public offering of securities of any Credit Party) using the name, logo or otherwise referring to GE Capital or of any of its Affiliates, the Loan Documents or any transaction contemplated therein
to which Agent is party without the prior consent of GE Capital except to the extent required to do so under applicable Requirements of Law and then, only after consulting with GE Capital. 

(e) Distribution of Materials to Lenders and L/C Issuers. The Credit Parties acknowledge and agree that the Loan
Documents and all reports, notices, communications and other information or materials provided or delivered by, or on behalf of, the Credit Parties hereunder (collectively, the “Borrower Materials”) may be disseminated by, or on
behalf of, Agent, and made available, to the Lenders and the L/C Issuers by posting such Borrower Materials on an E-System. The Credit Parties authorize Agent to download copies of their logos from its website and post copies thereof on an E-System.

  
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 (f) Material Non-Public Information. The Credit Parties hereby agree
that if either they, any parent company or any Subsidiary of the Credit Parties has publicly traded equity or debt securities in the United States, they shall (and shall cause such parent company or Subsidiary, as the case may be, to)
(i) identify in writing, and (ii) clearly and conspicuously mark such Borrower Materials that do not contain any such material non-public information as “PUBLIC”. The Credit Parties agree that by identifying such Borrower
Materials as “PUBLIC” or publicly filing such Borrower Materials with the Securities and Exchange Commission, then Agent, the Lenders and the L/C Issuers shall be entitled to treat such Borrower Materials as not containing any MNPI for
purposes of United States federal and state securities laws. The Credit Parties further represent, warrant, acknowledge and agree that the following documents and materials shall be deemed to be PUBLIC, whether or not so marked, and do not contain
any MNPI: (A) the Loan Documents, including the schedules and exhibits attached thereto, and (B) administrative materials of a customary nature prepared by the Credit Parties or Agent (including, Notices of Borrowing, Notices of
Conversion/Continuation, L/C Requests, Swingline Requests and any similar requests or notices posted on or through an E-System). Before distribution of any Borrower Materials, the Credit Parties agree to execute and deliver to Agent a letter
authorizing distribution of the evaluation materials to prospective Lenders and their employees willing to receive MNPI, and a separate letter authorizing distribution of evaluation materials that do not contain MNPI and represent that no MNPI is
contained therein. 
 9.11 Set-off; Sharing of Payments. 

(a) Right of Setoff. Each of Agent, each Lender, each L/C Issuer and each Affiliate (including each branch office
thereof) of any of them is hereby authorized, without notice or demand (each of which is hereby waived by each Credit Party), at any time and from time to time during the continuance of any Event of Default and to the fullest extent permitted by
applicable Requirements of Law, to set off and apply any and all deposits (whether general or special, time or demand, provisional or final) at any time held and other Indebtedness, claims or other obligations at any time owing by Agent, such
Lender, such L/C Issuer or any of their respective Affiliates to or for the credit or the account of Borrower or any other Credit Party against any Obligation of any Credit Party now or hereafter existing, whether or not any demand was made under
any Loan Document with respect to such Obligation and even though such Obligation may be unmatured. No Lender or L/C Issuer shall exercise any such right of setoff without the prior consent of Agent or Required Lenders. Each of Agent, each Lender
and each L/C Issuer agrees promptly to notify Borrower and Agent after any such setoff and application made by such Lender or its Affiliates; provided, however, that the failure to give such notice shall not affect the validity of such setoff and
application. The rights under this Section 9.11 are in addition to any other rights and remedies (including other rights of setoff) that Agent, the Lenders, the L/C Issuer, their Affiliates and the other Secured Parties, may have.

 (b) Sharing of Payments, Etc. If any Lender, directly or through an Affiliate or branch office
thereof, obtains any payment of any Obligation of any Credit Party (whether voluntary, involuntary or through the exercise of any right of setoff or the receipt of any Collateral or “proceeds” (as defined under the applicable UCC) of
Collateral) other than pursuant 

  
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to Section 9.9 or Article X and such payment exceeds the amount such Lender would have been entitled to receive if all payments had gone to, and been distributed by, Agent in
accordance with the provisions of the Loan Documents, such Lender shall purchase for cash from other Lenders such participations in their Obligations as necessary for such Lender to share such excess payment with such Lenders to ensure such payment
is applied as though it had been received by Agent and applied in accordance with this Agreement (or, if such application would then be at the discretion of Borrower, applied to repay the Obligations in accordance herewith); provided, however, that
(a) if such payment is rescinded or otherwise recovered from such Lender or L/C Issuer in whole or in part, such purchase shall be rescinded and the purchase price therefor shall be returned to such Lender or L/C Issuer without interest and
(b) such Lender shall, to the fullest extent permitted by applicable Requirements of Law, be able to exercise all its rights of payment (including the right of setoff) with respect to such participation as fully as if such Lender were the
direct creditor of the applicable Credit Party in the amount of such participation. If a Non-Funding Lender receives any such payment as described in the previous sentence, such Lender shall turn over such payments to Agent in an amount that would
satisfy the cash collateral requirements set forth in Section 1.11(e). 
 9.12 Counterparts;
Facsimile Signature. This Agreement may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart. Delivery of an executed signature page of this Agreement by facsimile transmission or Electronic
Transmission shall be as effective as delivery of a manually executed counterpart hereof. 
 9.13
Severability. The illegality or unenforceability of any provision of this Agreement or any instrument or agreement required hereunder shall not in any way affect or impair the legality or enforceability of the remaining provisions of this
Agreement or any instrument or agreement required hereunder. 
 9.14 Captions. The captions and headings
of this Agreement are for convenience of reference only and shall not affect the interpretation of this Agreement. 
 9.15 Independence of Provisions. The parties hereto acknowledge that this Agreement and the other Loan Documents may use several different limitations, tests or measurements to regulate the same or
similar matters, and that such limitations, tests and measurements are cumulative and must each be performed, except as expressly stated to the contrary in this Agreement. 

9.16 Interpretation. This Agreement is the result of negotiations among and has been reviewed by counsel to Credit
Parties, Agent, each Lender and other parties hereto, and is the product of all parties hereto. Accordingly, this Agreement and the other Loan Documents shall not be construed against the Lenders or Agent merely because of Agent’s or
Lenders’ involvement in the preparation of such documents and agreements. Without limiting the generality of the foregoing, each of the parties hereto has had the advice of counsel with respect to Sections 9.18 and 9.19.

  
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 9.17 No Third Parties Benefited. This Agreement is made and entered
into for the sole protection and legal benefit of Borrower, the Lenders, the L/C Issuers party hereto, Agent and, subject to the provisions of Section 8.11, each other Secured Party, and their permitted successors and assigns, and no
other Person shall be a direct or indirect legal beneficiary of, or have any direct or indirect cause of action or claim in connection with, this Agreement or any of the other Loan Documents. Neither Agent nor any Lender shall have any obligation to
any Person not a party to this Agreement or the other Loan Documents. 
 9.18 Governing Law and
Jurisdiction. 
 (a) Governing Law. The laws of the State of New York shall govern all matters
arising out of, in connection with or relating to this Agreement, including, without limitation, its validity, interpretation, construction, performance and enforcement (including, without limitation, any claims sounding in contract or tort law
arising out of the subject matter hereof and any determinations with respect to post-judgment interest). 
 (b)
Submission to Jurisdiction. Any legal action or proceeding with respect to any Loan Document shall be brought exclusively in the courts of the State of New York located in the City of New York, Borough of Manhattan, or of the United States of
America for the Southern District of New York and, by execution and delivery of this Agreement, Borrower and each other Credit Party executing this Agreement hereby accepts for itself and in respect of its property, generally and unconditionally,
the jurisdiction of the aforesaid courts; provided that nothing in this Agreement shall limit the right of Agent to commence any proceeding in the federal or state courts of any other jurisdiction to the extent Agent determines that such action is
necessary or appropriate to exercise its rights or remedies under the Loan Documents. The parties hereto (and, to the extent set forth in any other Loan Document, each other Credit Party) hereby irrevocably waive any objection, including any
objection to the laying of venue or based on the grounds of forum non conveniens, that any of them may now or hereafter have to the bringing of any such action or proceeding in such jurisdictions. 

(c) Service of Process. Each Credit Party hereby irrevocably waives personal service of any and all legal process,
summons, notices and other documents and other service of process of any kind and consents to such service in any suit, action or proceeding brought in the United States of America with respect to or otherwise arising out of or in connection with
any Loan Document by any means permitted by applicable Requirements of Law, including by the mailing thereof (by registered or certified mail, postage prepaid) to the address of Borrower specified herein (and shall be effective when such mailing
shall be effective, as provided therein). Each Credit Party agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.

 (d) Non-Exclusive Jurisdiction. Nothing contained in this Section 9.18 shall affect the
right of Agent or any Lender to serve process in any other manner permitted by applicable Requirements of Law or commence legal proceedings or otherwise proceed against any Credit Party in any other jurisdiction. 

  
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 9.19 Waiver of Jury Trial. THE PARTIES HERETO, TO THE EXTENT
PERMITTED BY LAW, WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING ARISING OUT OF, IN CONNECTION WITH OR RELATING TO, THIS AGREEMENT, THE OTHER LOAN DOCUMENTS AND ANY OTHER TRANSACTION CONTEMPLATED HEREBY AND THEREBY. THIS WAIVER
APPLIES TO ANY ACTION, SUIT OR PROCEEDING WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE. 
 9.20 Entire
Agreement; Release; Survival. 
 (a) THE LOAN DOCUMENTS EMBODY THE ENTIRE AGREEMENT OF THE PARTIES AND
SUPERSEDE ALL PRIOR AGREEMENTS AND UNDERSTANDINGS RELATING TO THE SUBJECT MATTER THEREOF AND ANY PRIOR LETTER OF INTEREST, COMMITMENT LETTER, CONFIDENTIALITY AND SIMILAR AGREEMENTS INVOLVING ANY CREDIT PARTY AND ANY LENDER OR ANY L/C ISSUER OR ANY
OF THEIR RESPECTIVE AFFILIATES RELATING TO A FINANCING OF SUBSTANTIALLY SIMILAR FORM, PURPOSE OR EFFECT OTHER THAN THE FEE LETTER. IN THE EVENT OF ANY CONFLICT BETWEEN THE TERMS OF THIS AGREEMENT AND ANY OTHER LOAN DOCUMENT, THE TERMS OF THIS
AGREEMENT SHALL GOVERN (UNLESS OTHERWISE EXPRESSLY STATED IN SUCH OTHER LOAN DOCUMENTS OR SUCH TERMS OF SUCH OTHER LOAN DOCUMENTS ARE NECESSARY TO COMPLY WITH APPLICABLE REQUIREMENTS OF LAW, IN WHICH CASE SUCH TERMS SHALL GOVERN TO THE EXTENT
NECESSARY TO COMPLY THEREWITH). 
 (b) Execution of this Agreement by the Credit Parties constitutes a full,
complete and irrevocable release of any and all claims which each Credit Party may have at law or in equity in respect of all prior discussions and understandings, oral or written, relating to the subject matter of this Agreement and the other Loan
Documents. In no event shall any Indemnitee be liable on any theory of liability for any special, indirect, consequential or punitive damages (including any loss of profits, business or anticipated savings). Each of Borrower and each other Credit
Party signatory hereto hereby waives, releases and agrees (and shall cause each other Credit Party to waive, release and agree) not to sue upon any such claim for any special, indirect, consequential or punitive damages, whether or not accrued and
whether or not known or suspected to exist in its favor. 
 (c) (i) Any indemnification or other protection
provided to any Indemnitee pursuant to this Section 9.20, Sections 9.5 (Costs and Expenses), and 9.6 (Indemnity), and Articles (VIII) Agent and X (Taxes, Yield Protection and Illegality), and (ii) the provisions
of Section 8.1 of the Guaranty and Security Agreement, in each case, shall (x) survive the termination of the Commitments and the payment in full of all other Obligations and (y) with respect to clause (i) above,
inure to the benefit of any Person that at any time held a right thereunder (as an Indemnitee or otherwise) and, thereafter, its successors and permitted assigns. 

9.21 Patriot Act. Each Lender that is subject to the Patriot Act hereby notifies the Credit Parties that pursuant
to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies each Credit Party, which information includes the name and address of each Credit Party and other information that will allow such Lender
to identify each Credit Party in accordance with the Patriot Act. 

  
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 9.22 Replacement of Lender. Within forty-five (45) days after:
(i) receipt by Borrower of written notice and demand from any Lender (an “Affected Lender”) for payment of additional costs as provided in Sections 10.1, 10.3 and/or 10.6; or (ii) any failure by any Lender
(other than Agent or an Affiliate of Agent) to consent to a requested amendment, waiver or modification to any Loan Document in which Required Lenders have already consented to such amendment, waiver or modification but the consent of each Lender
(or each Lender directly affected thereby, as applicable) is required with respect thereto, Borrower may, at its option, notify Agent and such Affected Lender (or such non-consenting Lender) of Borrower’s intention to obtain, at Borrower’s
expense, a replacement Lender (“Replacement Lender”) for such Affected Lender (or such non-consenting Lender), which Replacement Lender shall be reasonably satisfactory to Agent. In the event Borrower obtains a Replacement Lender
within forty-five (45) days following notice of its intention to do so, the Affected Lender (or such non-consenting Lender) shall sell and assign its Loans and Commitments to such Replacement Lender, at par, provided that Borrower has
reimbursed such Affected Lender for its increased costs for which it is entitled to reimbursement under this Agreement through the date of such sale and assignment. In the event that a replaced Lender does not execute an Assignment pursuant to
Section 9.9 within five (5) Business Days after receipt by such replaced Lender of notice of replacement pursuant to this Section 9.22 and presentation to such replaced Lender of an Assignment evidencing an assignment
pursuant to this Section 9.22, Borrower shall be entitled (but not obligated) to execute such an Assignment on behalf of such replaced Lender, and any such Assignment so executed by Borrower, the Replacement Lender and Agent, shall be
effective for purposes of this Section 9.22 and Section 9.9. Notwithstanding the foregoing, with respect to a Lender that is a Non-Funding Lender or an Impacted Lender, the Agent may, but shall not be obligated to, obtain a
Replacement Lender and execute an Assignment on behalf of such Non-Funding Lender or Impacted Lender at any time with three (3) Business’ Days prior notice to such Lender (unless notice is not practicable under the circumstances) and cause
such Lender’s Loans and Commitments to be sold and assigned, in whole or in part, at par. Upon any such assignment and payment and compliance with the other provisions of Section 9.9, such replaced Lender shall no longer constitute
a “Lender” for purposes hereof; provided, any rights of such replaced Lender to indemnification hereunder shall survive. 
 9.23 Creditor-Debtor Relationship. The relationship between Agent, each Lender and the L/C Issuer, on the one hand, and the Credit Parties, on the other hand, is solely that of creditor and debtor.
No Secured Party has any fiduciary relationship or duty to any Credit Party arising out of or in connection with, and there is no agency, tenancy or joint venture relationship between the Secured Parties and the Credit Parties by virtue of, any Loan
Document or any transaction contemplated therein. 
 9.24 No Recourse. The parties hereto hereby
acknowledge and agree that neither the GP nor any director, officer, employee, limited partner or shareholder of the Partnership or the GP shall have any liability in respect of the obligations of the Credit Parties under this Agreement and the
other Loan Documents by reason of his, her or its status. 

  
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 ARTICLE X - 
 TAXES, YIELD PROTECTION AND ILLEGALITY 
 10.1 Taxes.

 (a) Except as otherwise provided in this Section 10.1, each payment by any Credit Party under any
Loan Document shall be made free and clear of all present or future taxes, levies, imposts, deductions, charges or withholdings and all liabilities with respect thereto (and without deduction for any of them) (collectively,
“Taxes”). 
 (b) If any Indemnified Taxes shall be required by law to be deducted from or in
respect of any amount payable under any Loan Document to any Secured Party (i) such amount shall be increased as necessary to ensure that, after all required deductions for Indemnified Taxes are made (including deductions applicable to any
increases to any amount under this Section 10.1), such Secured Party receives the amount it would have received had no such deductions been made, (ii) the relevant Credit Party or Agent, as applicable, shall make such deductions,
and (iii) the relevant Credit Party or Agent, as applicable, shall timely pay the full amount deducted to the relevant taxing authority or other authority in accordance with applicable Requirements of Law. 

(c) In addition, Borrower agrees to pay, and authorizes Agent to pay in their name, any stamp, documentary, excise or
property tax, charges or similar levies imposed by any applicable Requirement of Law or Governmental Authority and reasonable out-of-pocket expense with respect thereto, in each case arising from the execution, delivery or registration of, or
otherwise with respect to, any Loan Document or any transaction contemplated therein (collectively, “Other Taxes”). The Swingline Lender may, without any need for demand or consent from the Borrower, by making funds available to
Agent in the amount equal to any such payment of Other Taxes, make a Swingline Loan to the Borrower in such amount, the proceeds of which shall be used by Agent in whole to make such payment of Other Taxes; provided, that the Swingline Lender
shall endeavor to provide notice to the Borrower of any such Swingline Loan but shall not incur any liability for its failure to do so. Within 30 days after the date of any payment of Indemnified Taxes or Other Taxes by any Credit Party, Borrower
shall furnish to Agent, at its address referred to in Section 9.2, the original or a certified copy of a receipt evidencing payment thereof, or other reasonably acceptable evidence thereof. 

(d) Borrower shall reimburse and indemnify, within 30 days after receipt of written demand therefor (with copy to Agent),
each Secured Party for all Indemnified Taxes imposed on payments by a Credit Party under a Loan Document and Other Taxes (including any Indemnified Taxes and Other Taxes imposed by any jurisdiction on amounts payable under this
Section 10.1) paid by such Secured Party and reasonable out-of-pocket expenses with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally asserted; provided, however, that this sentence
shall not obligate Borrower to reimburse or indemnify any Secured Party for any Indemnified Taxes or Other Taxes imposed as a result of a Secured Party’s gross negligence or willful misconduct. A certificate of the Secured Party (or of Agent on
behalf of such Secured Party) claiming any compensation under this clause (d), setting forth the amounts to be paid thereunder and delivered to Borrower with copy to Agent, shall be conclusive, binding and final for all purposes, absent
manifest error. 

  
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 (e) Any Lender claiming any additional amounts payable pursuant to this
Section 10.1 shall use its reasonable efforts (consistent with its internal policies and Requirements of Law) to change the jurisdiction of its lending office if such a change would reduce any such additional amounts (or any similar
amount that may thereafter accrue) and would not, in the sole determination of such Lender, be otherwise disadvantageous to such Lender. 
 (f) (i) Any U.S. Lender Party or Non-U.S. Lender Party that is entitled to an exemption from or reduction of withholding tax with respect to payments made under any Loan Document shall deliver to Borrower
and Agent, at the time or times reasonably requested by Borrower or Agent, such properly completed and executed documentation reasonably requested by Borrower or Agent as will permit such payments to be made without withholding or at a reduced rate
of withholding. In addition, any U.S. Lender Party or Non-U.S. Lender Party, if reasonably requested by Borrower or Agent, shall deliver such other documentation prescribed by applicable Requirements of Law or reasonably requested by Borrower or
Agent as will enable Borrower or Agent to determine whether or not such U.S. Lender Party or Non-U.S. Lender Party is subject to backup withholding or information reporting requirements. 

(ii) Each Non-U.S. Lender Party that is entitled to an exemption from United States withholding tax or is
subject to such withholding tax at a reduced rate under an applicable tax treaty, shall (w) on or prior to the date such Non-U.S. Lender Party becomes a “Non-U.S. Lender Party” hereunder, (x) on or prior to the date on which any
such form or certification expires or becomes obsolete, (y) after the occurrence of any event requiring a change in the most recent form or certification previously delivered by it pursuant to this clause (i) and
(z) from time to time if requested by Borrower or Agent (or, in the case of a participant or SPV, the relevant Lender), provide Agent and Borrower (or, in the case of a participant or SPV, the relevant Lender) with two properly completed
originals of each of the following, as applicable: (A) Forms W-8ECI (claiming exemption from U.S. withholding tax because the income is effectively connected with a U.S. trade or business), W-8BEN (claiming exemption from, or a reduction of,
U.S. withholding tax under an income tax treaty) and/or W-8IMY or any successor forms (together with any required attachments), (B) in the case of a Non-U.S. Lender Party claiming exemption under Sections 871(h) or 881(c) of the Code, Form
W-8BEN (claiming exemption from U.S. withholding tax under the portfolio interest exemption) or any successor form and a certificate in form and substance acceptable to Agent and Borrower that such Non-U.S. Lender Party is not (1) a
“bank” within the meaning of Section 881(c)(3)(A) of the Code, (2) a “10 percent shareholder” of Borrower within the meaning of Section 881(c)(3)(B) of the Code or (3) a “controlled foreign
corporation” described in Section 881(c)(3)(C) of the Code or (C) any other applicable document prescribed by the IRS certifying as to the entitlement of such Non-U.S. Lender Party to such exemption from United States withholding tax
or reduced rate with respect to all payments to be made to such Non-U.S. Lender Party under the Loan Documents. Unless Borrower and Agent have received forms or other documents satisfactory to them indicating that payments under any Loan Document to
or for a Non-U.S. Lender Party are 

  
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not subject to United States withholding tax or are subject to such tax at a rate reduced by an applicable tax treaty, the Credit Parties and Agent shall withhold amounts required to be withheld
by applicable Requirements of Law from such payments at the applicable statutory rate. 
 (iii)
Each U.S. Lender Party shall (A) on or prior to the date such U.S. Lender Party becomes a “U.S. Lender Party” hereunder, (B) on or prior to the date on which any such form or certification expires or becomes obsolete,
(C) after the occurrence of any event requiring a change in the most recent form or certification previously delivered by it pursuant to this clause (f) and (D) from time to time if requested by Borrower or Agent (or, in
the case of a participant or SPV, the relevant Lender), provide Agent and Borrower (or, in the case of a participant or SPV, the relevant Lender) with two properly completed originals of Form W-9 (certifying that such U.S. Lender Party is entitled
to an exemption from U.S. backup withholding tax) or any successor form. 
 (iv) Each Lender
having sold a participation in any of its Obligations or identified an SPV as such to Agent shall collect from such participant or SPV the documents described in this clause (f) and provide them to Agent. 

(v) If a payment made to a Non-U.S. Lender Party would be subject to United States federal withholding
tax imposed by FATCA if such Non-U.S. Lender Party fails to comply with the applicable requirements of FATCA, such Non-U.S. Lender Party shall promptly deliver to Agent and Borrower any documentation under any Requirement of Law or reasonably
requested by the Agent or Borrower sufficient for Agent or Borrower to comply with their obligations under FATCA and to determine that such Non-U.S. Lender has complied with such applicable reporting requirements or to determine the amount to
withhold from any payments. Solely for purposes of this Section 10.1(f)(v), “FATCA” shall include any amendments to FATCA after the date hereof. 

(g) If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes
as to which it has been indemnified pursuant to this Section 10.1 (including by the payment of additional amounts pursuant to this Section 10.1), it shall pay to the indemnifying party an amount equal to such refund (but only
to the extent of indemnity payments made or additional amounts paid with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this Section 10.1(g)
(plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. 

(h) For the avoidance of doubt, for purposes of this Section 10.1, the term “Lender” shall be
deemed to include any L/C Issuer and Agent. 

  
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 10.2 Illegality. If after the date hereof any Lender shall determine
that the introduction of any Requirement of Law, or any change in any Requirement of Law or in the interpretation or administration thereof, has made it unlawful, or that any central bank or other Governmental Authority has asserted that it is
unlawful, for any Lender or its Lending Office to make LIBOR Rate Loans, then, on notice thereof by such Lender to Borrower through Agent, the obligation of that Lender to make LIBOR Rate Loans shall be suspended until such Lender shall have
notified Agent and Borrower that the circumstances giving rise to such determination no longer exists. 
 (a)
Subject to clause (c) below, if any Lender shall determine that it is unlawful to maintain any LIBOR Rate Loan, Borrower shall prepay in full all LIBOR Rate Loans of such Lender then outstanding, together with interest accrued thereon,
either on the last day of the Interest Period thereof if such Lender may lawfully continue to maintain such LIBOR Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such LIBOR Rate Loans, together with any
amounts required to be paid in connection therewith pursuant to Section 10.4. 
 (b) If the
obligation of any Lender to make or maintain LIBOR Rate Loans has been terminated, Borrower may elect, by giving notice to such Lender through Agent that all Loans which would otherwise be made by any such Lender as LIBOR Rate Loans shall be instead
Base Rate Loans. 
 (c) Before giving any notice to Agent pursuant to this Section 10.2, the
affected Lender shall designate a different Lending Office with respect to its LIBOR Rate Loans if such designation will avoid the need for giving such notice or making such demand and will not, in the judgment of the Lender, be illegal or otherwise
disadvantageous to the Lender. 
 10.3 Increased Costs and Reduction of Return. 

(a) If any Lender or L/C Issuer shall determine that, due to either (i) the introduction of, or any change in, or in
the interpretation of, any Requirement of Law or (ii) the compliance with any guideline or request from any central bank or other Governmental Authority (whether or not having the force of law), in the case of either clause (i) or
(ii) subsequent to the date hereof and in each case other than any Indemnified Tax or Excluded Tax, there shall be any increase in the cost to such Lender or L/C Issuer of agreeing to make or making, funding or maintaining any LIBOR Rate
Loans or of issuing or maintaining any Letter of Credit, then Borrower shall be liable for, and shall from time to time, within thirty (30) days of demand therefor by such Lender or L/C Issuer (with a copy of such demand to Agent), pay to Agent
for the account of such Lender or L/C Issuer, additional amounts as are sufficient to compensate such Lender or L/C Issuer for such increased costs; provided, that Borrower shall not be required to compensate any Lender or L/C Issuer pursuant to
this Section 10.3(a) for any increased costs incurred more than 180 days prior to the date that such Lender or L/C Issuer notifies Borrower, in writing of the increased costs and of such Lender’s or L/C Issuer’s intention to
claim compensation thereof; provided, further, that if the circumstance giving rise to such increased costs is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

  
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 (b) If any Lender or L/C Issuer shall have determined that: 

(i) the introduction of any Capital Adequacy Regulation; 

(ii) any change in any Capital Adequacy Regulation; 

(iii) any change in the interpretation or administration of any Capital Adequacy Regulation by any
central bank or other Governmental Authority charged with the interpretation or administration thereof; or 
 (iv) compliance by such Lender or L/C Issuer (or its Lending Office) or any entity controlling the Lender or L/C Issuer, with any Capital Adequacy Regulation; 

affects the amount of capital required or expected to be maintained by such Lender or L/C Issuer or any entity controlling such Lender or
L/C Issuer and (taking into consideration such Lender’s or such entities’ policies with respect to capital adequacy and such Lender’s or L/C Issuer’s desired return on capital) determines that the amount of such capital is
increased as a consequence of its Commitment(s), loans, credits or obligations under this Agreement, then, within thirty (30) days of demand of such Lender or L/C Issuer (with a copy to Agent), Borrower shall pay to such Lender or L/C Issuer,
from time to time as specified by such Lender or L/C Issuer, additional amounts sufficient to compensate such Lender or L/C Issuer (or the entity controlling the Lender or L/C Issuer) for such increase; provided, that Borrower shall not be required
to compensate any Lender or L/C Issuer pursuant to this Section 10.3(b) for any amounts incurred more than 180 days prior to the date that such Lender or L/C Issuer notifies Borrower, in writing of the amounts and of such Lender’s
or L/C Issuer’s intention to claim compensation thereof; provided, further, that if the event giving rise to such increase is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect
thereof. 
 (c) Notwithstanding anything to the contrary herein, (i) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines and directives promulgated by the Bank for International Settlements, the Basel
Committee on Banking Supervision or any successor or similar authority shall, in each case, be deemed to be a change in a Requirement of Law under clause (a) above and/or a change in a Capital Adequacy Regulation under clause
(b) above, as applicable, regardless of the date enacted, adopted or issued. 
 10.4 Funding
Losses. Borrower agrees to reimburse each Lender and to hold each Lender harmless from any loss or expense which such Lender may sustain or incur as a consequence of: 

(a) the failure of Borrower to make any payment or mandatory prepayment of principal of any LIBOR Rate Loan (including
payments made after any acceleration thereof); 
 (b) the failure of Borrower to borrow, continue or convert a
Loan after Borrower has given (or is deemed to have given) a Notice of Borrowing or a Notice of Conversion/Continuation; 

  
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 (c) the failure of Borrower to make any prepayment after Borrower has given
a notice in accordance with Section 1.7; 
 (d) the prepayment (including pursuant to
Section 1.8) of a LIBOR Rate Loan on a day which is not the last day of the Interest Period with respect thereto; or 
 (e) the conversion pursuant to Section 1.6 of any LIBOR Rate Loan to a Base Rate Loan on a day that is not the last day of the applicable Interest Period; 

including any such loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain its
LIBOR Rate Loans hereunder or from fees payable to terminate the deposits from which such funds were obtained; provided that, with respect to the expenses described in clauses (d) and (e) above, such Lender shall have
notified Agent of any such expense within two (2) Business Days of the date on which such expense was incurred. Solely for purposes of calculating amounts payable by Borrower to the Lenders under this Section 10.4 and under
Section 10.3(a): each LIBOR Rate Loan made by a Lender (and each related reserve, special deposit or similar requirement) shall be conclusively deemed to have been funded at the LIBOR used in determining the interest rate for such LIBOR
Rate Loan by a matching deposit or other borrowing in the interbank Eurodollar market for a comparable amount and for a comparable period, whether or not such LIBOR Rate Loan is in fact so funded. 

10.5 Inability to Determine Rates. If Agent shall have determined in good faith that for any reason adequate and
reasonable means do not exist for ascertaining the LIBOR for any requested Interest Period with respect to a proposed LIBOR Rate Loan or that the LIBOR applicable pursuant to Section 1.3(a) for any requested Interest Period with respect
to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, Agent will forthwith give notice of such determination to Borrower and each Lender. Thereafter, the obligation of the
Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until Agent revokes such notice in writing. Upon receipt of such notice, Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it.
If Borrower does not revoke such notice, the Lenders shall make, convert or continue the Loans, as proposed by Borrower, in the amount specified in the applicable notice submitted by Borrower, but such Loans shall be made, converted or continued as
Base Rate Loans. 
 10.6 Reserves on LIBOR Rate Loans. Borrower shall pay to each Lender, as long as such
Lender shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”),
additional costs on the unpaid principal amount of each LIBOR Rate Loan equal to actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive absent manifest
error), payable on each date on which interest is payable on such Loan provided Borrower shall have received at least fifteen (15) days’ prior written notice (with a copy to Agent) of such additional interest from the Lender. If a Lender
fails to give notice fifteen (15) days prior to the relevant Interest Payment Date, such additional interest shall be payable fifteen (15) days from receipt of such notice. 

  
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 10.7 Certificates of Lenders. Any Lender claiming reimbursement or
compensation pursuant to this Article X shall deliver to Borrower (with a copy to Agent) a certificate setting forth in reasonable detail the amount payable to such Lender hereunder and such certificate shall be conclusive and binding on
Borrower in the absence of manifest error. 
 ARTICLE XI - 

DEFINITIONS 
 11.1 Defined Terms. The following terms are defined in the Sections referenced opposite such terms: 
  

			September 30,
	 “Adjusted EBITDA”
	    	Exhibit 4.2(b)
	 “Affected Lender”
	    	9.22
	 “Aggregate Excess Funding Amount”
	    	1.11(e)
	 “Agreement”
	    	Preamble
	 “Applicable Percentage”
	    	1.9(d)
	 “Available CAPEX Loan Balance”
	    	1.1(a)
	 “Borrower”
	    	Preamble
	 “Borrower Materials”
	    	9.10(e)
	 “CAPEX Loan”
	    	1.1(a)
	 “CAPEX Loan Commitment”
	    	1.1(a)
	 “EBITDA”
	    	Exhibit 4.2(b)
	 “Event of Default”
	    	7.1
	 “Fee Letter”
	    	1.9(a)
	 “Fixed Charge Coverage Ratio”
	    	Exhibit 4.2(b)
	 “GE Capital”
	    	Preamble
	 “Indemnified Matters”
	    	9.6
	 “Indemnitee”
	    	9.6
	 “Investments”
	    	5.4
	 “L/C Reimbursement Agreement”
	    	1.1(c)
	 “L/C Reimbursement Date”
	    	1.1(c)
	 “L/C Request”
	    	1.1(c)
	 “L/C Sublimit”
	    	1.1(c)
	 “Lender”
	    	Preamble
	 “Letter of Credit Fee”
	    	1.9(c)
	 “Maximum Lawful Rate”
	    	1.3(d)
	 “Maximum Revolving Loan Balance”
	    	1.1(b)
	 “MNPI”
	    	9.10(a)
	 “Notice of Conversion/Continuation”
	    	1.6(a)
	 “OFAC”
	    	3.26
	 “Other Taxes”
	    	10.1(c)
	 “Owned Real Estate”
	    	3.9(a)
	 “Participant Register”
	    	9.9(f)
	 “Partnership”
	    	Preamble
	 “Permitted Liens”
	    	5.1
	 “Register”
	    	1.4(b)

  
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			September 30,
	 “Restricted Payments”
	    	5.11
	 “Replacement Lender”
	    	9.22
	 “Revolving Loan Commitment”
	    	1.1(b)
	 “Revolving Loan”
	    	1.1(b)
	 “Sale”
	    	9.9(b)
	 “Schedule of CAPEX Loans”
	    	1.1(a)
	 “SDN List”
	    	3.26
	 “Settlement Date”
	    	1.11(b)
	 “Swingline Loan”
	    	1.1(d)
	 “Swingline Request”
	    	1.1(d)
	 “Tax Returns”
	    	3.10
	 “Taxes”
	    	10.1(a)
	 “Total Leverage Ratio”
	    	Exhibit 4.2(b)
	 “Unused CAPEX Commitment Fee”
	    	1.9(b)
	 “Unused Revolving Commitment Fee”
	    	1.9(b)

 In addition to the terms defined elsewhere in this Agreement, the following terms have the following meanings:

 “Account” means, as at any date of determination, all “accounts” (as such term is
defined in the UCC) of Borrower and its Subsidiaries, including, without limitation, the unpaid portion of the obligation of a customer of Borrower or any of its Subsidiaries in respect of Inventory purchased by and shipped to such customer and/or
the rendition of services by Borrower or such Subsidiary, as stated on the respective invoice of Borrower or such Subsidiary, net of any credits, rebates or offsets owed to such customer. 

“Acquisition” means any transaction or series of related transactions for the purpose of or resulting,
directly or indirectly, in (a) the acquisition of all or substantially all of the assets of a Person, or of any business or division of a Person, (b) the acquisition of in excess of fifty percent (50%) of the Stock and Stock
Equivalents of any Person or otherwise causing any Person to become a Subsidiary of Borrower, or (c) a merger or consolidation or any other combination with another Person. 

“Affiliate” means, as to any Person, any other Person which, directly or indirectly, is in control of,
is controlled by, or is under common control with, such Person. A Person shall be deemed to control another Person if the controlling Person possesses, directly or indirectly, the power to direct or cause the direction of the management and policies
of the other Person, whether through the ownership of voting securities, by contract or otherwise. Without limitation, any director, executive officer or beneficial owner of ten percent (10%) or more of the Stock (either directly or through
ownership of Stock Equivalents) of a Person shall for the purposes of this Agreement, be deemed to be an Affiliate of such Person. Notwithstanding the foregoing, neither Agent nor any Lender shall be deemed an “Affiliate” of any Credit
Party or of any Subsidiary of any Credit Party solely by reason of the provisions of the Loan Documents. 

“Agent” means GE Capital in its capacity as administrative agent for the Lenders hereunder, and any
successor administrative agent. 

  
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 “Aggregate CAPEX Loan Commitment” means the combined CAPEX
Loan Commitments of the Lenders, which shall initially be in the amount of $100,000,000, as such amount may be reduced from time to time pursuant to this Agreement. 

“Aggregate Revolving Loan Commitment” means the combined Revolving Loan Commitments of the Lenders,
which shall initially be in the amount of $35,000,000, as such amount may be reduced from time to time pursuant to this Agreement. 
 “Applicable Margin” means with respect to Loans: (i) if a Base Rate Loan, two and three-quarters percent (2.75%) per annum, and (ii) if a LIBOR Rate Loan, three and
three-quarters percent (3.75%) per annum. Notwithstanding anything herein to the contrary, Swingline Loans may not be LIBOR Rate Loans. 
 “Approved Fund” means, with respect to any Lender, any Person (other than a natural Person) that (a) (i) is or will be engaged in making, purchasing, holding or otherwise
investing in commercial loans and similar extensions of credit in the Ordinary Course of Business or (ii) temporarily warehouses loans for any Lender or any Person described in clause (i) above and (b) is advised or managed by
(i) such Lender, (ii) any Affiliate of such Lender or (iii) any Person (other than an individual) or any Affiliate of any Person (other than an individual) that administers or manages such Lender. 

“Assignment” means an assignment agreement entered into by a Lender, as assignor, and any Person, as
assignee, pursuant to the terms and provisions of Section 9.9 (with the consent of any party whose consent is required by Section 9.9), accepted by Agent, substantially in the form of Exhibit 11.1(a) or any
other form approved by Agent. 
 “Attorney Costs” means and includes all reasonable fees and
disbursements of any law firm or other external counsel. 
 “Availability” means, as of any
date of determination, the amount by which (a) the Maximum Revolving Loan Balance, exceeds (b) the aggregate outstanding principal balance of Revolving Loans. 

“Bank Products” means any of the following provided to Borrower by any Lender or an Affiliate of any
Lender: (a) lockbox, depository or disbursement services, automatic clearing house transfer of funds, overdrafts, and other cash management services; and (b) Secured Rate Contracts. 

“Bankruptcy Code” means the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et seq.).

 “Base Rate” means, for any day, a rate per annum equal to the highest of (a) the rate
last quoted by The Wall Street Journal as the “Prime Rate” in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal
Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by Agent) or any similar release by the
Federal Reserve Board (as determined by Agent), (b) the sum of 0.50% per annum and the Federal Funds Rate, and (c) the sum of (x)

  
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LIBOR calculated for each such day based on an Interest Period of three months determined two (2) Business Days prior to such day, plus (y) the excess of the Applicable Margin
for LIBOR Rate Loans over the Applicable Margin for Base Rate Loans, in each instance, as of such day. Any change in the Base Rate due to a change in any of the foregoing shall be effective on the effective date of such change in the “bank
prime loan” rate, the Federal Funds Rate or LIBOR for an Interest Period of three months. 
 “Base
Rate Loan” means a Loan that bears interest based on the Base Rate. 
 “Benefit Plan”
means any employee benefit plan as defined in Section 3(3) of ERISA (other than any Multiemployer Plan) to which any Credit Party incurs or otherwise has any Liability, contingent or otherwise. 

“Borrowing” means a borrowing hereunder consisting of Loans made to or for the benefit of Borrower on
the same day by the Lenders pursuant to Article I. 
 “Business Day” means any day other
than a Saturday, Sunday or other day on which federal reserve banks are authorized or required by law to close and, if the applicable Business Day relates to any LIBOR Rate Loan, a day on which dealings are carried on in the London interbank market.

 “CAPEX Commitment Percentage” means, as to any CAPEX Lender, the percentage
equivalent of such Lender’s CAPEX Loan Commitment divided by the Aggregate CAPEX Loan Commitment; provided, that following acceleration of the Loans, such term means, as to any CAPEX Lender, the percentage equivalent of the principal
amount of the CAPEX Loans held by such Lender, divided by the aggregate principal amount of the CAPEX Loans held by all Lenders. 
 “CAPEX Lender” means each Lender with a CAPEX Loan Commitment (or if the CAPEX Loan Commitments have terminated, who holds CAPEX Loans). 

“CAPEX Loan Termination Date” means the earlier to occur of: (a) February 27, 2017; and
(b) the date on which the Aggregate CAPEX Loan Commitment shall terminate in accordance with the provisions of this Agreement. 
 “CAPEX Note” means a promissory note of Borrower payable to a Lender in substantially the form of Exhibit 11.1(b) hereto, evidencing Indebtedness of Borrower under the CAPEX
Loan Commitment of such Lender. 
 “Capital Adequacy Regulation” means any guideline, request
or directive of any central bank or other Governmental Authority, or any other law, rule or regulation, whether or not having the force of law, in each case, regarding capital adequacy of any Lender or of any corporation controlling a Lender.

 “Capital Lease” means any leasing or similar arrangement which, in accordance with GAAP, is
classified as a capital lease. 

  
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 “Capital Lease Obligations” means all monetary obligations
of any Credit Party or any Subsidiary of any Credit Party under any Capital Leases. 
 “Cash
Equivalents” means (a) any readily-marketable securities (i) issued by, or directly, unconditionally and fully guaranteed or insured by the United States federal government or (ii) issued by any agency of the United States
federal government the obligations of which are fully backed by the full faith and credit of the United States federal government, (b) any readily-marketable direct obligations issued by any other agency of the United States federal government,
any state of the United States or any political subdivision of any such state or any public instrumentality thereof, in each case having a rating of at least “A-1” from S&P or at least “P-1” from Moody’s, (c) any
commercial paper rated at least “A-1” by S&P or “P-1” by Moody’s and issued by any Person organized under the laws of any state of the United States, (d) any Dollar-denominated time deposit, insured certificate of
deposit, overnight bank deposit or bankers’ acceptance issued or accepted by (i) any Lender or (ii) any commercial bank that is (A) organized under the laws of the United States, any state thereof or the District of Columbia,
(B) “adequately capitalized” (as defined in the regulations of its primary federal banking regulators) and (C) has Tier 1 capital (as defined in such regulations) in excess of $250,000,000 and (e) shares of any United States
money market fund that (i) has substantially all of its assets invested continuously in the types of investments referred to in clause (a), (b), (c) or (d) above with maturities as set forth in the proviso below,
(ii) has net assets in excess of $500,000,000 and (iii) has obtained from either S&P or Moody’s the highest rating obtainable for money market funds in the United States; provided, however, that the maturities of all obligations
specified in any of clauses (a), (b), (c) or (d) above shall not exceed 365 days. 

“Clean Down Period” means the period of 10 consecutive days designated by Borrower in accordance with
Section 6.3. 
 “Closing Date” means February 28, 2012. 

“Code” means the Internal Revenue Code of 1986. 

“Collateral” means all Property and interests in Property and proceeds thereof now owned or hereafter
acquired by any Credit Party, any of their respective Subsidiaries and any other Person who has granted a Lien to Agent, in or upon which a Lien is granted or purported to be granted now or hereafter exists in favor of any Lender or Agent for the
benefit of Agent, Lenders and other Secured Parties, whether under this Agreement or under any other documents executed by any such Persons and delivered to Agent. 

“Collateral Documents” means, collectively, the Guaranty and Security Agreement, the Mortgages, each
Control Agreement and all other security agreements, pledge agreements, patent and trademark security agreements, lease assignments, guarantees and other similar agreements, and all amendments, restatements, modifications or supplements thereof or
thereto, by or between any one or more of any Credit Party, any of their respective Subsidiaries or any other Person pledging or granting a lien on Collateral or guaranteeing the payment and performance of the Obligations, and any Lender or Agent
for the benefit of Agent, the Lenders and other Secured Parties now or hereafter delivered to the Lenders or Agent pursuant to or in connection with the transactions contemplated hereby, and all financing statements (or comparable documents now

  
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or hereafter filed in accordance with the UCC or comparable law) against any such Person as debtor in favor of any Lender or Agent for the benefit of Agent, the Lenders and the other Secured
Parties, as secured party, as any of the foregoing may be amended, restated and/or modified from time to time. 

“Commitment” means, for each Lender, the sum of its Revolving Loan Commitment and CAPEX Loan Commitment.

 “Commitment Percentage” means, as to any Lender, the percentage equivalent of such
Lender’s Revolving Loan Commitment and CAPEX Loan Commitment divided by the Aggregate Revolving Loan Commitment and Aggregate CAPEX Loan Commitment; provided, that following acceleration of the Loans, such term means, as to any Lender, the
percentage equivalent of the principal amount of the Loans held by such Lender, divided by the aggregate principal amount of the Loans held by all Lenders. 
 “Commodity Agreement” means any commodity price protection agreement or other commodity price hedging agreement including forward purchase contracts, forward rate transactions, cap
transactions, or any other similar transactions or any combination of the foregoing (including any options to enter into any of the foregoing). 
 “Contingent Obligation” means, as to any Person, any direct or indirect liability, contingent or otherwise, of that Person: (a) with respect to any Indebtedness, lease, dividend or
other obligation of another Person if the primary purpose or intent of the Person incurring such liability, or the primary effect thereof, is to provide assurance to the obligee of such liability that such liability will be paid or discharged, or
that any agreements relating thereto will be complied with, or that the holders of such liability will be protected (in whole or in part) against loss with respect thereto; (b) under any Rate Contracts or Commodity Agreements; (c) to make
take-or-pay or similar payments if required regardless of nonperformance by any other party or parties to an agreement; or (d) for the obligations of another Person through any agreement to purchase, repurchase or otherwise acquire such
obligation or any Property constituting security therefor, to provide funds for the payment or discharge of such obligation or to maintain the solvency, financial condition or any balance sheet item or level of income of another Person. The amount
of any Contingent Obligation shall be equal to the amount of the obligation so guaranteed or otherwise supported or, if not a fixed and determined amount, the maximum reasonably anticipated liability in respect thereof as determined by the
guaranteeing or supporting person in good faith. 
 “Contractual Obligations” means, as to any
Person, any provision of any security issued by such Person or of any agreement, undertaking, contract, indenture, mortgage, deed of trust or other instrument, document or agreement to which such Person is a party or by which it or any of its
Property is bound. 
 “Control Agreement” means a tri-party deposit account, securities account
or commodities account control agreement by and among the applicable Credit Party, Agent and the depository, securities intermediary or commodities intermediary, and each in form and substance reasonably satisfactory to Agent and in any event
providing to Agent “control” of such deposit account, securities or commodities account within the meaning of Articles 8 and 9 of the UCC. 

  
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 “Conversion Date” means any date on which Borrower converts
a Base Rate Loan to a LIBOR Rate Loan or a LIBOR Rate Loan to a Base Rate Loan. 
 “Copyrights”
means all rights, title and interests (and all related IP Ancillary Rights) arising under any Requirement of Law in or relating to copyrights and all mask work, database and design rights, whether or not registered or published, all registrations
and recordations thereof and all applications in connection therewith. 
 “Credit Parties”
means Partnership, Borrower and each other Person (i) which executes a guaranty of the Obligations, (ii) which grants a Lien on all or substantially all of its assets to secure payment of the Obligations and (iii) all of the Stock of
which is pledged to Agent for the benefit of the Secured Parties. 
 “Default” means any event
or circumstance which, with the giving of notice, the lapse of time, or both, would (if not cured or otherwise remedied during such time) constitute an Event of Default. 

“Disposition” means the sale, lease, conveyance or other disposition of Property (excluding any Event of
Loss), other than sales or other dispositions expressly permitted under Sections 5.2(a), 5.2(c), 5.2(d) and 5.2(f). 
 “Dollars”, “dollars” and “$” each mean lawful money of the United States of America. 

“Domestic Subsidiary” means any Subsidiary incorporated, organized or otherwise formed under the laws of
the United States, any state thereof or the District of Columbia. 
 “Electronic Transmission”
means each document, instruction, authorization, file, information and any other communication transmitted, posted or otherwise made or communicated by e-mail or E-Fax, or otherwise to or from an E-System or other equivalent service. 

“Environmental Law” or “Environmental Laws” means any or all applicable Requirements of Law
imposing liability or standards of conduct for or relating to the regulation and protection of human health, safety, the workplace, the environment and natural resources, and including public notification requirements and environmental transfer of
ownership, notification or approval statutes. Environmental Laws shall include the Federal Insecticide, Fungicide and Rodenticide Act, Resource Conservation & Recovery Act, Clean Water Act, Safe Drinking Water Act, Atomic Energy Act,
Occupational Safety and Health Act, Toxic Substances Control Act, Clean Air Act, Comprehensive Environmental Response, Compensation and Liability Act, Emergency Planning and Community Right-to-Know Act, Hazardous Materials Transportation Act and all
analogous or related federal, state or local laws, each as amended. 
 “Environmental
Liabilities” means all Liabilities (including costs of Remedial Actions, natural resource damages and costs and expenses of investigation and feasibility studies, including the cost of environmental consultants and Attorneys Costs) that may
be imposed on, incurred by or asserted against any Credit Party or any Subsidiary of any Credit Party as a result of, or related to, any claim, suit, action, investigation, proceeding or demand by any Person, whether based in contract, tort, implied
or express warranty, strict liability, criminal or civil 

  
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statute or common law or otherwise, arising under any Environmental Law or in connection with any environmental, health or safety condition or with any Release and resulting from the ownership,
lease, sublease or other operation or occupation of property by any Credit Party or any Subsidiary of any Credit Party, whether on, prior or after the date hereof. 

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

“ERISA Affiliate” means, collectively, any Credit Party and any Person under common control or treated
as a single employer with, any Credit Party, within the meaning of Section 414(b), (c), (m) or (o) of the Code. 
 “ERISA Event” means any of the following: (a) a “reportable event” described in Section 4043(b) of ERISA (or, unless the 30-day notice requirement has been duly waived
under the applicable regulations, Section 4043(c) of ERISA) with respect to a Title IV Plan; (b) the withdrawal of any ERISA Affiliate from a Title IV Plan subject to Section 4063 of ERISA during a plan year in which it was a
“substantial employer,” as defined in Section 4001(a)(2) of ERISA; (c) the complete or partial withdrawal (within the meanings of Sections 4203 and 4205 of ERISA) of any ERISA Affiliate from any Multiemployer Plan; (d) with
respect to any Multiemployer Plan, the filing of a notice of reorganization, insolvency or termination (or treatment of a plan amendment as termination) under Section 4041A of ERISA; (e) the filing of a notice of intent to terminate a
Title IV Plan (or treatment of a plan amendment as termination) under Section 4041 of ERISA; (f) the institution of proceedings to terminate a Title IV Plan or Multiemployer Plan by the PBGC; (g) the failure to make any required
contribution to any Title IV Plan or Multiemployer Plan when due; (h) the imposition of a lien under Section 430(k) of the Code or Section 303 or 4068 of ERISA on any property (or rights to property, whether real or personal) of any
ERISA Affiliate; (i) the failure of a Benefit Plan or any trust thereunder intended to qualify for tax exempt status under Section 401(a) or 501(a) of the Code; (j) a Title IV Plan is in “at risk” status within the meaning
of Code Section 430(i); (k) a Multiemployer Plan is in “endangered status” or “critical status” within the meaning of Section 432(b) of the Code; and (l) any other event or condition that would reasonably be
expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Title IV Plan or Multiemployer Plan or for the imposition of any material liability upon any ERISA Affiliate
under Title IV of ERISA other than for PBGC premiums due but not delinquent. 
 “Event of Loss”
means, with respect to any Property, any of the following: (a) any loss, destruction or damage of such Property; (b) any pending or threatened institution of any proceedings for the condemnation or seizure of such Property or for the
exercise of any right of eminent domain; or (c) any actual condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, of such Property, or confiscation of such Property or the requisition of the use of such
Property. 
 “Excluded Subsidiary” means any (i) Foreign Subsidiary, (ii) Domestic Subsidiary which
is directly or indirectly owned by one or more Foreign Subsidiaries or (iii) Domestic Subsidiary substantially all the assets of which consist of Stock, Stock Equivalents or Indebtedness of one or more Foreign Subsidiaries or cash or Cash
Equivalents related thereto. 

  
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 “Excluded Tax” means with respect to any Secured Party
(a) taxes measured by net income (including branch profit taxes) and franchise taxes imposed in lieu of net income taxes, in each case imposed by the jurisdiction (or any subdivision thereof) where such Secured Party is organized or has its
Lending Office or as a result of a present or former connection between such Secured Party and the jurisdiction of the Governmental Authority imposing such tax or any political subdivision or taxing authority thereof or therein (other than such
connection arising solely from any Secured Party having executed, delivered or performed its obligations or received a payment under, or enforced, any Loan Document); (b) withholding taxes to the extent that the obligation to withhold amounts
arises under Requirements of Law that existed on the date that such Person became a “Secured Party” under this Agreement in the capacity under which such Person makes a claim under Section 10.1(b) or designates a new Lending
Office, except in each case to the extent such Person is an assignee (other than pursuant to Section 9.22) of any other Secured Party that was entitled, at the time the assignment to such Person became effective, to receive additional
amounts under Section 10.1(b); (c) taxes attributable to the failure (other than as a result of a change in any Requirement of Law) by any Secured Party to deliver the documentation required to be delivered pursuant to
Section 10.01(f), and (d) in the case of a Non-U.S. Lender Party, any United States federal withholding taxes imposed pursuant to FATCA. 
 “E-Fax” means any system used to receive or transmit faxes electronically. 
 “E-Signature” means the process of attaching to or logically associating with an Electronic Transmission an electronic symbol, encryption, digital signature or process (including the name
or an abbreviation of the name of the party transmitting the Electronic Transmission) with the intent to sign, authenticate or accept such Electronic Transmission. 

“E-System” means any electronic system approved by Agent, including Intralinks® and ClearPar® and any other Internet or extranet-based site, whether such electronic system is owned, operated or hosted by Agent, any of its Related Persons or any other Person,
providing for access to data protected by passcodes or other security system. 
 “FATCA” means
sections 1471, 1472, 1473 and 1474 of the Code (including any amendments thereto or successor version thereof which is substantially comparable), the United States Treasury Regulations promulgated thereunder and published guidance with respect
thereto. 
 “Federal Flood Insurance” means Federally backed Flood Insurance available under
the National Flood Insurance Program to owners of real property improvements located in Special Flood Hazard Areas in a community participating in the National Flood Insurance Program. 

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates
on overnight Federal Funds transactions with members of the Federal Reserve System arranged by Federal Funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day, provided that if no
such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate quoted to Agent on such day on such transactions as determined by Agent in a commercially reasonable manner. 

  
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 “Federal Reserve Board” means the Board of Governors of the
Federal Reserve System, or any entity succeeding to any of its principal functions. 
 “FEMA”
means the Federal Emergency Management Agency, a component of the U.S. Department of Homeland Security that administers the National Flood Insurance Program. 
 “Final CAPEX Loan Availability Date” means February 27, 2014. 
 “Final Revolving Loan Availability Date” means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the
definition of Revolving Termination Date. 
 “FIRREA” means the Financial Institutions Reform,
Recovery and Enforcement Act of 1989, as amended. 
 “First CAPEX Loan Payment Date” means the
date that is the earlier of (i) April 1, 2014, and (ii) the first day of the first Fiscal Quarter following the date on which the aggregate Borrowings under the CAPEX Loan are $100,000,000. 

“First Tier Foreign Subsidiary” means a Foreign Subsidiary held directly by a Credit Party. 

“Fiscal Quarter” means any of the quarterly accounting periods of the Credit Parties ending on
March 31, June 30, September 30 and December 31 of each year. 
 “Fiscal
Year” means any of the annual accounting periods of the Credit Parties ending on (i) September 30, 2011, and (ii) December 31 of each year thereafter. 

“Flood Insurance” means, for any Real Estate located in a Special Flood Hazard Area, Federal Flood
Insurance or private insurance that meets the requirements set forth by FEMA in its Mandatory Purchase of Flood Insurance Guidelines. Flood Insurance shall be in an amount equal to the full, unpaid balance of the Loans and any prior liens on
the Real Estate up to the maximum policy limits set under the National Flood Insurance Program, or as otherwise required by Agent, with deductibles not to exceed $50,000. 

“Foreign Subsidiary” means, with respect to any Person, a Subsidiary of such Person, which Subsidiary is
not a Domestic Subsidiary. 
 “GAAP” means generally accepted accounting principles in the
United States set forth from time to time in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board
(or agencies with similar functions of comparable stature and authority within the accounting profession), including, without limitation, the FASB Accounting Standards CodificationTM, which are applicable to the circumstances as of the date of
determination, subject to Section 11.3 hereof. 

  
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 “Governmental Authority” means any nation or government,
any state or other political subdivision thereof, any central bank (or similar monetary or regulatory authority) thereof, any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government,
and any corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing. 
 “GP” means Rentech Nitrogen GP, LLC, a Delaware limited liability company. 
 “Guaranty and Security Agreement” means that certain Guaranty and Security Agreement, dated as of even date herewith, in form and substance reasonably acceptable to Agent and Borrower,
made by the Credit Parties in favor of Agent, for the benefit of the Secured Parties, as the same may be amended, restated and/or modified from time to time. 
 “Hazardous Materials” means any hazardous or toxic substances, wastes or other pollutants that are regulated as “hazardous” or “toxic,” or as a “pollutant”
or a “contaminant” under any Environmental Law, including but not limited to any “Hazardous Waste” as defined by the Resource Conservation and Recovery Act (RCRA) (42 U.S.C. § 6901 et seq. (1976)), any “Hazardous
Substance” as defined under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) (42 U.S.C. §9601 et seq. (1980)), including petroleum hydrocarbons or petroleum products, asbestos, asbestos containing
material, polychlorinated biphenyls, mold, and radioactive substances or any other substance that is toxic, ignitable, reactive, corrosive, caustic, or dangerous. 

“Impacted Lender” means any Lender that fails to provide Agent, within three (3) Business Days
following Agent’s written request, satisfactory assurance that such Lender will not become a Non-Funding Lender, or any Lender that has a Person that directly or indirectly controls such Lender and such Person (a) becomes subject to a
voluntary or involuntary case under the Bankruptcy Code or any similar bankruptcy laws, (b) has appointed a custodian, conservator, receiver or similar official for such Person or any substantial part of such Person’s assets, or
(c) makes a general assignment for the benefit of creditors, is liquidated, or is otherwise adjudicated as, or determined by any Governmental Authority having regulatory authority over such Person or its assets to be, insolvent or bankrupt, and
for each of clauses (a) through (c), Agent has determined that such Lender is reasonably likely to become a Non-Funding Lender. For purposes of this definition, control of a Person shall have the same meaning as in the second
sentence of the definition of Affiliate. 
 “Indebtedness” of any Person means, without
duplication: (a) all indebtedness for borrowed money; (b) all obligations issued, undertaken or assumed as the deferred purchase price of Property or services (other than trade payables entered into in the Ordinary Course of Business),
including earnouts (valued at the amount required to be classified as a liability on the balance sheet of such Person in accordance with GAAP); (c) the face amount of all letters of credit issued for the account of such Person and without
duplication, all drafts drawn thereunder and all reimbursement or payment obligations with respect to letters of credit, surety bonds and other similar instruments issued by such Person; (d) all obligations evidenced by notes, bonds, debentures
or similar instruments, including obligations so evidenced incurred in connection with the acquisition of Property, assets or businesses; (e) all indebtedness created or arising under any conditional sale or other title retention agreement, or
incurred as financing, in either case with respect to Property acquired by the Person (even though the rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or sale of

  
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such Property); (f) all Capital Lease Obligations; (g) the principal balance outstanding under any synthetic lease, off-balance sheet loan or similar off balance sheet financing
product; (h) all obligations, whether or not contingent, to purchase, redeem, retire, defease or otherwise acquire for value any of its own Stock or Stock Equivalents (or any Stock or Stock Equivalent of a direct or indirect parent entity
thereof) prior to the date that is 180 days after the later of Revolving Loan Termination Date or CAPEX Loan Termination Date, valued at, in the case of redeemable preferred Stock, the greater of the voluntary liquidation preference and the
involuntary liquidation preference of such Stock plus accrued and unpaid dividends; (i) all indebtedness referred to in clauses (a) through (h) above secured by (or for which the holder of such Indebtedness has an
existing right, contingent or otherwise, to be secured by) any Lien upon or in Property (including accounts and contracts rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such indebtedness;
and (j) all Contingent Obligations described in clause (a) of the definition thereof in respect of indebtedness or obligations of others of the kinds referred to in clauses (a) through (i) above. 

“Indemnified Taxes” means all Taxes other than Excluded Taxes. 

“Insolvency Proceeding” means (a) any case, action or proceeding before any court or other
Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the benefit of creditors, composition, marshaling of assets
for creditors, or other, similar arrangement in respect of its creditors generally or any substantial portion of its creditors; in each case in (a) and (b) above, undertaken under U.S. Federal, state or foreign law, including the
Bankruptcy Code. 
 “Intellectual Property” means all rights, title and interests in or
relating to intellectual property arising under any Requirement of Law and all IP Ancillary Rights relating thereto, including all Copyrights, Patents, Trademarks, Internet Domain Names, Trade Secrets and IP Licenses. 

“Interest Payment Date” means, (a) with respect to any LIBOR Rate Loan (other than a LIBOR Rate
Loan having an Interest Period of six (6) months) the last day of each Interest Period applicable to such Loan, (b) with respect to any LIBOR Rate Loan having an Interest Period of six (6) months, the last day of each three
(3) month interval and, without duplication, the last day of such Interest Period, and (c) with respect to Base Rate Loans (including Swingline Loans) the first day of each Fiscal Quarter. 

“Interest Period” means, with respect to any LIBOR Rate Loan, the period commencing on the Business Day
such Loan is disbursed or continued or on the Conversion Date on which a Base Rate Loan is converted to the LIBOR Rate Loan and ending on the date one, two, three or six months thereafter, as selected by Borrower in its Notice of Borrowing or Notice
of Conversion/Continuation; provided that: 
 (a) if any Interest Period pertaining to a LIBOR Rate Loan
would otherwise end on a day which is not a Business Day, that Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month, in which
event such Interest Period shall end on the immediately preceding Business Day; 

  
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 (b) any Interest Period pertaining to a LIBOR Rate Loan that begins on the
last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest
Period; 
 (c) no Interest Period for CAPEX Loan shall extend beyond the last scheduled payment date therefor
and no Interest Period for any Revolving Loan shall extend beyond the Revolving Termination Date; and 
 (d) no
Interest Period applicable to the CAPEX Loan or portion thereof shall extend beyond any date upon which is due any scheduled principal payment in respect of the CAPEX Loan unless the aggregate principal amount of CAPEX Loan represented by Base Rate
Loans or by LIBOR Rate Loans having Interest Periods that will expire on or before such date is equal to or in excess of the amount of such principal payment. 
 “Internet Domain Name” means all right, title and interest (and all related IP Ancillary Rights) arising under any Requirement of Law in or relating to internet domain names. 

“Inventory” means all of the “inventory” (as such term is defined in the UCC) of
Borrower and its Subsidiaries, including, but not limited to, all merchandise, raw materials, parts, supplies, work in process and finished goods intended for sale, together with all the containers, packing, packaging, shipping and similar materials
related thereto, and including such inventory as is temporarily out of Borrower’s or such Subsidiary’s custody or possession, including inventory on the premises of others and items in transit. 

“IP Ancillary Rights” means, with respect to any other Intellectual Property, as applicable, all foreign
counterparts to, and all divisionals, reversions, continuations, continuations-in-part, reissues, reexaminations, renewals and extensions of, such Intellectual Property and all income, royalties, proceeds and Liabilities at any time due or payable
or asserted under or with respect to any of the foregoing or otherwise with respect to such Intellectual Property, including all rights to sue or recover at law or in equity for any past, present or future infringement, misappropriation, dilution,
violation or other impairment thereof, and, in each case, all rights to obtain any other IP Ancillary Right. 

“IP License” means all Contractual Obligations (and all related IP Ancillary Rights), whether written or
oral, granting any right, title and interest in or relating to any Intellectual Property. 

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

“Issue” means, with respect to any Letter of Credit, to issue, extend the expiration date of, renew
(including by failure to object to any automatic renewal on the last day such objection is permitted), increase the face amount of, or reduce or eliminate any scheduled decrease in the face amount of, such Letter of Credit, or to cause any Person to
do any of the foregoing. The terms “Issued” and “Issuance” have correlative meanings. 

  
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 “Joint Venture” means an investment (including capital
contributions or capital commitments) by a Credit Party in any corporation, general or limited partnership or other type of entity with one or more Joint Venture Partners in which such Credit Party owns, directly or indirectly, 50% or less of the
outstanding Stock or interest in such corporation, partnership or other entity. 
 “Joint Venture
Certificate” means a certificate substantially in the form of Exhibit 5.4. 
 “Joint
Venture Partner” means a Person that is not an Affiliate of a Credit Party that makes an investment in a Joint Venture with a Credit Party. 
 “L/C Issuer” means any Lender or an Affiliate thereof or a bank or other legally authorized Person, in each case, reasonably acceptable to Agent, in such Person’s capacity as an
issuer of Letters of Credit hereunder. 
 “L/C Reimbursement Obligation” means, for any Letter
of Credit, the obligation of Borrower to the L/C Issuer thereof or to Agent, as and when matured, to pay all amounts drawn under such Letter of Credit. 
 “Leased Real Estate” shall mean the parcels of land more fully described on Schedule 3.9, under the heading “Leased Real Estate”, together with all plants,
buildings, structures, installations, fixtures, fittings, improvements, betterments and additions situated thereon, all privileges and appurtenances thereto, all easements and rights-of-way used or useful in connection therewith, and all rights and
privileges under the Real Estate Leases thereto. 
 “Lending Office” means, with respect to any
Lender, the office or offices of such Lender specified as its “Lending Office” beneath its name on the applicable signature page hereto, or such other office or offices of such Lender as it may from time to time notify Borrower and Agent.

 “Letter of Credit” means documentary or standby letters of credit issued for the account of
Borrower by L/C Issuers, and bankers’ acceptances issued by Borrower, for which Agent and Lenders have incurred Letter of Credit Obligations. 
 “Letter of Credit Obligations” means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not
due, in connection with the issuance of Letters of Credit by L/C Issuers or the purchase of a participation as set forth in Section 1.1(c) with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal
the maximum amount that may be payable by Agent and Lenders thereupon or pursuant thereto. 

“Liabilities” means all claims, actions, suits, judgments, damages, losses, liability, obligations,
responsibilities, fines, penalties, sanctions, costs, fees, taxes, commissions, charges, disbursements and expenses, in each case of any kind or nature (including interest accrued thereon or as a result thereto and fees, charges and disbursements of
financial, legal and other advisors and consultants), whether joint or several, whether or not indirect, contingent, consequential, actual, punitive, treble or otherwise. 

  
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 “LIBOR” means, for each Interest Period, the offered rate
per annum for deposits of Dollars for the applicable Interest Period that appears on Reuters Screen LIBOR01 Page as of 11:00 A.M. (London, England time) two (2) Business Days prior to the first day in such Interest Period. If no such offered
rate exists, such rate will be the rate of interest per annum, as determined by Agent at which deposits of Dollars in immediately available funds are offered at 11:00 A.M. (London, England time) two (2) Business Days prior to the first day in
such Interest Period by major financial institutions reasonably satisfactory to Agent in the London interbank market for such Interest Period for the applicable principal amount on such date of determination. 

“LIBOR Rate Loan” means a Loan that bears interest based on LIBOR. 

“Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, charge or deposit
arrangement, encumbrance, lien (statutory or otherwise) or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including those created by, arising under or evidenced by any conditional sale
or other title retention agreement, the interest of a lessor under a Capital Lease, any financing lease having substantially the same economic effect as any of the foregoing, or the filing of any financing statement naming the owner of the asset to
which such lien relates as debtor, under the UCC or any comparable law) and any contingent or other agreement to provide any of the foregoing, but not including the interest of a lessor under a lease which is not a Capital Lease. 

“Loan” means an extension of credit by a Lender to Borrower pursuant to Article I, and may be a
Base Rate Loan or a LIBOR Rate Loan. 
 “Loan Documents” means this Agreement, the Notes, the
Fee Letter, the Collateral Documents, the Master Agreement for Standby Letters of Credit, the Master Agreement for Documentary Letters of Credit and all documents executed or acknowledged by a Credit Party and delivered to Agent and/or any Lender in
connection with any of the foregoing. 
 “Margin Stock” means “margin stock”
as such term is defined in Regulation T, U or X of the Federal Reserve Board. 
 “Material Adverse
Effect” means: (a) a material adverse change in, or a material adverse effect upon, the operations, business, Properties, condition (financial or otherwise) or prospects of any Credit Party or the Credit Parties and their Subsidiaries
taken as a whole; (b) a material impairment of the ability of any Credit Party, any Subsidiary of any Credit Party or any other Person (other than Agent or Lenders) to perform in any material respect its obligations under any Loan Document; or
(c) a material adverse effect upon (i) the legality, validity, binding effect or enforceability of any Loan Document, or (ii) the perfection or priority of any Lien granted to the Lenders or to Agent for the benefit of the Secured
Parties under any of the Collateral Documents. 
 “Material Environmental Liabilities” means
Environmental Liabilities exceeding $2,500,000 in the aggregate. 
 “Maximum CAPEX Loan Amount”
means the aggregate cumulative amount of all CAPEX Loans made under this Agreement. 

  
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 “Mortgage” means any deed of trust, leasehold deed of
trust, mortgage, leasehold mortgage, deed to secure debt, leasehold deed to secure debt or other document creating a Lien on Real Estate or any interest in Real Estate. 

“Multiemployer Plan” means any multiemployer plan, as defined in Section 3(37) or 4001(a)(3) of
ERISA, as to which any ERISA Affiliate incurs or otherwise has any Liability, contingent or otherwise. 

“National Flood Insurance Program” means the program created by the U.S. Congress pursuant to the
National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special
Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program. 
 “Net Proceeds” means proceeds in cash, checks or other cash equivalent financial instruments (including Cash Equivalents) as and when received by the Person making a Disposition and
insurance proceeds and condemnation and similar awards received on account of an Event of Loss, net of: (a) in the event of a Disposition (i) the direct costs relating to such Disposition excluding amounts payable to (A) Borrower or
any Subsidiary of Borrower or (B) Rentech unless such payment has been approved by the Conflicts Committee (as defined in the Partnership Agreement), (ii) Taxes paid or payable as a result thereof (estimated reasonably and in good faith by
the Borrower), and (iii) amounts required to be applied to repay principal, interest and prepayment premiums and penalties on Indebtedness secured by a Lien on the asset which is the subject of such Disposition and (b) in the event of an
Event of Loss, (i) all money actually applied or to be applied to repair or reconstruct the damaged Property or Property affected by the condemnation or taking, (ii) all of the costs and expenses reasonably incurred in connection with the
collection of such proceeds, award or other payments, and (iii) any amounts retained by or paid to parties having superior rights to such proceeds, awards or other payments. 

“Non-Funding Lender” means any Lender that has (a) failed to fund any payments required to be made
by it under the Loan Documents within two (2) Business Days after any such payment is due (excluding expense and similar reimbursements that are subject to good faith disputes), (b) given written notice (and Agent has not received a
revocation in writing), to Borrower, Agent, any Lender, or the L/C Issuer or has otherwise publicly announced (and Agent has not received notice of a public retraction) that such Lender believes it will fail to fund payments or purchases of
participations required to be funded by it under the Loan Documents or one or more other syndicated credit facilities, (c) failed to fund, and not cured, loans, participations, advances, or reimbursement obligations under one or more other
syndicated credit facilities, unless subject to a good faith dispute, or (d) any Lender that has (i) become subject to a voluntary or involuntary case under the Bankruptcy Code or any similar bankruptcy laws, (ii) a custodian,
conservator, receiver or similar official appointed for it or any substantial part of such Person’s assets, or (iii) made a general assignment for the benefit of creditors, been liquidated, or otherwise been adjudicated as, or determined
by any Governmental Authority having regulatory authority over such Person or its assets to be, insolvent or bankrupt, and for clause (d), and Agent has determined that such Lender is reasonably likely to fail to fund any payments required to be
made by it under the Loan Documents. 

  
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 “Non-U.S. Lender Party” means each of Agent, each Lender,
each L/C Issuer, each SPV and each participant, in each case that is not a United States person as defined in Section 7701(a)(30) of the Code. 
 “Note” means any Revolving Note, Swingline Note, CAPEX Note and “Notes” means all such Notes. 

“Notice of Borrowing” means a notice given by Borrower to Agent pursuant to Section 1.5, in
substantially the form of Exhibit 1.5 hereto. 
 “Obligations” means all Loans,
and other Indebtedness, advances, debts, liabilities, obligations, covenants and duties owing by any Credit Party to any Lender, Agent, any L/C Issuer, any Secured Swap Provider, any provider of the types of Bank Products referenced in clause
(a) of the definition of “Bank Products” or any other Person required to be indemnified, that arises under any Loan Document, any Secured Rate Contract or the types of Bank Products referenced in clause (a) of the definition of
“Bank Products” whether or not for the payment of money, whether arising by reason of an extension of credit, loan, guaranty, indemnification or in any other manner, whether direct or indirect (including those acquired by assignment),
absolute or contingent, due or to become due, now existing or hereafter arising and however acquired. 

“Ordinary Course of Business” means, in respect of any transaction involving any Person, the ordinary
course of such Person’s business, as conducted by any such Person and undertaken by such Person in good faith and not for purposes of evading any covenant or restriction in any Loan Document. 

“Organization Documents” means, (a) for any corporation, the certificate or articles of
incorporation, the bylaws, any certificate of determination or instrument relating to the rights of preferred shareholders of such corporation, and any shareholder rights agreement, (b) for any partnership, the partnership agreement and, if
applicable, certificate of limited partnership, (c) for any limited liability company, the operating agreement and articles or certificate of formation or (d) any other document setting forth the manner of election or duties of the
officers, directors, managers or other similar persons, or the designation, amount or relative rights, limitations and preference of the Stock of a Person. 
 “Partnership Agreement” means that certain Second Amended and Restated Agreement of Limited Partnership of Rentech Nitrogen Partnership, L.P., dated as of November 9, 2011, by and
among GP, Partnership and the other Persons party thereto from time to time. 
 “Patents” means
all rights, title and interests (and all related IP Ancillary Rights) arising under any Requirement of Law in or relating to letters patent and applications therefor. 

“Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism Act of 2001, P.L. 107-56, as amended. 
 “PBGC” means the
United States Pension Benefit Guaranty Corporation any successor thereto. 

  
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 “Permits” means, with respect to any Person, any permit,
approval, authorization, license, registration, certificate, concession, grant, franchise, variance or permission from, and any other Contractual Obligations with, any Governmental Authority, in each case whether or not having the force of law and
applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 
 “Permitted Acquisition” means any Acquisition by (i) a Credit Party (other than Partnership) of substantially all of the assets of a Target, which assets are located in the United
States or (ii) a Credit Party of more than 50% of the Stock and Stock Equivalents of a Target organized under the laws of any State in the United States or the District of Columbia, in each case, to the extent that each of the following
conditions shall have been satisfied: 
 (a) to the extent the Acquisition will be financed in whole or in part
with the proceeds of any Loan, the conditions set forth in Section 2.2 shall have been satisfied; 

(b) Borrower shall have notified Agent and Lenders of such proposed Acquisition at least ten (10) Business Days
prior to the consummation thereof and furnished to Agent and Lenders at least five (5) Business Days prior to the consummation thereof (1) an executed term sheet and/or letter of intent (setting forth in reasonable detail the terms and
conditions of such Acquisition) and, at the request of Agent, such other information and documents that Agent may request, including, without limitation, executed counterparts of the respective agreements, documents or instruments pursuant to which
such Acquisition is to be consummated (including, without limitation, any related management, non-compete, employment, option or other material agreements), any schedules to such agreements, documents or instruments and all other material ancillary
agreements, instruments and documents to be executed or delivered in connection therewith, (2) pro forma financial statements of Partnership and its Subsidiaries after giving effect to the consummation of such Acquisition, (3) a
certificate of a Responsible Officer of Borrower demonstrating on a pro forma basis compliance with the covenants set forth in Sections 6.1 and 6.2 after giving effect to the consummation of such Acquisition, and (4) copies of
such other agreements, instruments and other documents as Agent reasonably shall request; 
 (c) Borrower and
its Subsidiaries (including any new Subsidiary) shall execute and deliver the agreements, instruments and other documents required by Section 4.13 and Agent shall have received, for the benefit of the Secured Parties, a collateral
assignment of the seller’s representations, warranties and indemnities to Borrower or any of its Subsidiaries under the acquisition documents; 
 (d) such Acquisition shall not be hostile and shall have been approved by the board of directors (or other similar body) and/or the stockholders or other equityholders of the Target; 

(e) no Default or Event of Default shall then exist or would exist after giving effect thereto; 

(f) after giving effect to such Acquisition, the Availability shall be not less than $10,000,000; 

  
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 (g) the total consideration paid or payable (including without limitation,
all transaction costs, assumed Indebtedness and Liabilities incurred, assumed or reflected on a consolidated balance sheet of the Credit Parties and their Subsidiaries after giving effect to such Acquisition and the maximum amount of all deferred
payments, including earnouts) for all Acquisitions consummated during the term of this Agreement shall not exceed $4,000,000 in the aggregate for all such Acquisitions; and 

(h) the Target has EBITDA, subject to pro forma adjustments acceptable to Agent, for the most recent four quarters prior
to the acquisition date for which financial statements are available, greater than zero. 
 “Permitted
Dividend/Distribution Certificate” means a certificate substantially in the form of Exhibit 5.11. 
 “Permitted Refinancing” means Indebtedness constituting a refinancing or extension of Indebtedness permitted under Section 5.5(c) or 5.5(d) that (a) has an
aggregate outstanding principal or commitment amount not greater than the aggregate principal or commitment amount of the Indebtedness being refinanced or extended, (b) has a weighted average maturity (measured as of the date of such
refinancing or extension) and maturity no shorter than that of the Indebtedness being refinanced or extended, (c) is not entered into as part of a sale leaseback transaction, (d) is not secured by a Lien on any assets other than the
collateral securing the Indebtedness being refinanced or extended, (e) the obligors of which are the same (or reduced) as the obligors of the Indebtedness being refinanced or extended and (f) is otherwise on terms not materially less
favorable to the Credit Parties, taken as a whole, than those of the Indebtedness being refinanced or extended. 

“Permitted Sale/Leaseback Transactions” means the sale of personal property by a Person with the intent
to lease such personal property as lessee, provided that the value of all personal property sold does not exceed $1,000,000 in the aggregate for all such transactions. 

“Person” means an individual, partnership, corporation, limited liability company, business trust, joint
stock company, trust, unincorporated association, joint venture or Governmental Authority. 
 “Prior
Indebtedness” means the Indebtedness of the Credit Parties under that certain Credit Agreement dated as of December 28, 2011, among Rentech, Inc., a Colorado corporation and each Credit Party. 

“Project” means the expansion project for the plant located at 16675 U.S. Route 20 West, East Dubuque,
Illinois. 
 “Property” means any interest in any kind of property or asset, whether real,
personal or mixed, and whether tangible or intangible, including the Real Estate. 
 “Rate
Contracts” means swap agreements (as such term is defined in Section 101 of the Bankruptcy Code) and any other agreements or arrangements designed to provide protection against fluctuations in interest or currency exchange rates
but excluding Commodity Agreements. 
 “RDC” means Rentech Development Corporation, a Colorado
corporation. 

  
 103

 “Real Estate” means, collectively, the Owned Real Estate
and Leased Real Estate. 
 “Real Estate Leases” shall mean all leases, lease guaranties,
subleases, licenses, easements, and agreements, whether written or oral, for the leasing, use or occupancy of, or otherwise granting a right in or relating to the Leased Real Estate, including all amendments, terminations and modifications thereof.

 “Registration Statement” shall mean that certain Form S-1 Registration Statement
No. 333-176065 filed on August 5, 2011, as amended from time to time. 
 “Related
Agreements” means the Contribution, Conveyance and Assignment Agreement dated as of November 9, 2011, by and among Rentech, RDC, RNHI, GP, Partnership and REMC and the Certificate of Conversion of REMC filed with the Secretary of State
of the State of Delaware on November 7, 2011, and effective as of November 9, 2011, and all agreements and documents executed and delivered in connection therewith. 

“Related Persons” means, with respect to any Person, each Affiliate of such Person and each director,
officer, employee, agent, trustee, representative, attorney, accountant and each insurance, environmental, legal, financial and other advisor (including those retained in connection with the satisfaction or attempted satisfaction of any condition
set forth in Article II) and other consultants and agents of or to such Person or any of its Affiliates. 

“Releases” means any release, spill, emission, leaking, pumping, pouring, emptying, injection, deposit,
disposal, discharge, dispersal, dumping, leaching or migration of Hazardous Material into or through the environment. 
 “Remedial Action” means all actions required to (a) clean up, remove, treat or in any other way address any Hazardous Material in the indoor or outdoor environment, (b) prevent
or minimize any Release so that a Hazardous Material does not migrate or endanger or threaten to endanger public health or welfare or the indoor or outdoor environment or (c) perform pre remedial studies and investigations and post-remedial
monitoring and care with respect to any Hazardous Material. 
 “Rentech” means Rentech, Inc., a
Colorado corporation. 
 “Required CAPEX Lenders” means at any time (a) Lenders then
holding more than fifty percent (50%) of the sum of the Aggregate CAPEX Loan Commitment then in effect, or (b) if the Aggregate CAPEX Loan Commitments have terminated, Lenders then holding more than fifty percent (50%) of the sum of
the aggregate unpaid principal amount of CAPEX Loans then outstanding. 
 “Required Lenders”
means at any time (a) Lenders then holding more than fifty percent (50%) of the sum of the Commitments then in effect, or (b) if the Aggregate Revolving Loan Commitments and/or the Aggregate CAPEX Loan Commitments have terminated,
Lenders then holding more than fifty percent (50%) of the sum of the aggregate unpaid principal amount of Revolving Loans then outstanding, outstanding Letter of Credit Obligations, amounts of participations in Swingline Loans and the principal
amount of the unparticipated portions of Swingline Loans and/or the aggregate unpaid principal amount of the CAPEX Loans then outstanding, as applicable. 

  
 104

 “Required Revolving Lenders” means at any time
(a) Lenders then holding more than fifty percent (50%) of the sum of the Aggregate Revolving Loan Commitment then in effect, or (b) if the Aggregate Revolving Loan Commitments have terminated, Lenders then holding more than fifty
percent (50%) of the sum of the aggregate unpaid principal amount of Revolving Loans (other than Swingline Loans) then outstanding, outstanding Letter of Credit Obligations, amounts of participations in Swingline Loans and the principal amount
of the unparticipated portions of Swingline Loans. 
 “Requirement of Law” means, as to any
Person, any law (statutory or common), ordinance, treaty, rule, regulation, order, other legal requirement or determination of an arbitrator or of a Governmental Authority, in each case applicable to or binding upon such Person or any of its
Property or to which such Person or any of its Property is subject. 
 “Responsible Officer”
means the chief executive officer or the president of Borrower or any other officer having substantially the same authority and responsibility; or, with respect to compliance with financial covenants or delivery of financial information, the chief
financial officer, the treasurer, principal accounting officer, assistant treasurer or controller of Borrower or any other officer having substantially the same authority and responsibility. 

“Revolving Commitment Percentage” means, as to any Revolving Lender, the percentage equivalent of such
Lender’s Revolving Loan Commitment divided by the Aggregate Revolving Loan Commitment; provided, that following acceleration of the Loans, such term means, as to any Revolving Lender, the percentage equivalent of the principal amount of
the Revolving Loans held by such Lender, divided by the aggregate principal amount of the Revolving Loans held by all Lenders. 
 “Revolving Lender” means each Lender with a Revolving Loan Commitment (or if the Revolving Loan Commitments have terminated, who hold Revolving Loans or participations in Swingline
Loans). 
 “Revolving Note” means a promissory note of Borrower payable to a Lender in
substantially the form of Exhibit 11.1(c) hereto, evidencing Indebtedness of Borrower under the Revolving Loan Commitment of such Lender. 
 “Revolving Termination Date” means the earlier to occur of: (a) February 27, 2017; and (b) the date on which the Aggregate Revolving Loan Commitment shall terminate in
accordance with the provisions of this Agreement. 
 “RNHI” means Rentech Nitrogen Holdings,
Inc., a Delaware corporation. 
 “Secured Party” means Agent, each Lender, each L/C Issuer,
each other Indemnitee and each other holder of any Obligation of a Credit Party including each Secured Swap Provider. 
 “Secured Rate Contract” means any Rate Contract between Borrower and the counterparty thereto, which (i) has been provided or arranged by GE Capital or an Affiliate of GE Capital, or
(ii) Agent has acknowledged in writing constitutes a “Secured Rate Contract” hereunder. 

  
 105

 “Secured Swap Provider” means (i) a Lender or an
Affiliate of a Lender (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate Contract) who has entered into a Secured Rate Contract with Borrower, or (ii) a Person with whom Borrower has
entered into a Secured Rate Contract provided or arranged by GE Capital or an Affiliate of GE Capital, and any assignee thereof. 
 “Software” means (a) all computer programs, including source code and object code versions, (b) all data, databases and compilations of data, whether machine readable or
otherwise, and (c) all documentation, training materials and configurations related to any of the foregoing. 
 “Solvent” means, with respect to any Person as of any date of determination, that, as of such date, (a) the value of the assets of such Person (both at fair value and present fair
saleable value) is greater than the total amount of liabilities (including contingent and unliquidated liabilities) of such Person, (b) such Person is able to pay all liabilities of such Person as such liabilities mature and (c) such
Person does not have unreasonably small capital. In computing the amount of contingent or unliquidated liabilities at any time, such liabilities shall be computed at the amount that, in light of all the facts and circumstances existing at such time,
represents the amount that can reasonably be expected to become an actual or matured liability. 

“Special Flood Hazard Area” means an area that FEMA’s current flood maps indicate has at least a
one percent (1%) chance of a flood equal to or exceeding the base flood elevation (a 100-year flood) in any given year. 
 “SPV” means any special purpose funding vehicle identified as such in a writing by any Lender to Agent. 

“Stock” means all shares of capital stock (whether denominated as common stock or preferred stock),
equity interests, beneficial, partnership or membership interests, joint venture interests, participations or other ownership or profit interests in or equivalents (regardless of how designated) of or in a Person (other than an individual), whether
voting or non-voting. 
 “Stock Equivalents” means all securities convertible into or
exchangeable for Stock or any other Stock Equivalent and all warrants, options or other rights to purchase, subscribe for or otherwise acquire any Stock or any other Stock Equivalent, whether or not presently convertible, exchangeable or
exercisable. 
 “Subordinated Indebtedness” means Indebtedness of any Credit Party or any
Subsidiary of any Credit Party which is subordinated to the Obligations as to right and time of payment and as to other rights and remedies thereunder and having such other terms as are, in each case, reasonably satisfactory to Agent. 

“Subsidiary” of a Person means any corporation, association, limited liability company, partnership,
joint venture or other business entity of which more than fifty percent (50%) of the voting Stock, is owned or controlled directly or indirectly by the Person, or one or more of the Subsidiaries of the Person, or a combination thereof.

  
 106

 “Supermajority Lenders” means Lenders having (a) more
than 75% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 75% of the aggregate outstanding amount of the Loans. 

“Swingline Commitment” means $2,500,000. 

“Swingline Lender” means, each in its capacity as Swingline Lender hereunder, GE Capital or, upon the
resignation of GE Capital as Agent hereunder, any Lender (or Affiliate or Approved Fund of any Lender) that agrees, with the approval of Agent (or, if there is no such successor Agent, the Required Lenders) and the Borrower, to act as the Swingline
Lender hereunder. 
 “Swingline Note” means a promissory note of the Borrower payable to the
Swingline Lender, in substantially the form of Exhibit 11.1(d) hereto, evidencing the Indebtedness of the Borrower to the Swingline Lender resulting from the Swingline Loans made to the Borrower by the Swingline Lender. 

“Target” means any other Person or business unit or asset group of any other Person acquired or proposed
to be acquired in an Acquisition. 
 “Title IV Plan” means a pension plan subject to Title IV
of ERISA, other than a Multiemployer Plan, to which any ERISA Affiliate incurs or otherwise has any Liability, contingent or otherwise. 
 “Trade Secrets” means all right, title and interest (and all related IP Ancillary Rights) arising under any Requirement of Law in or relating to trade secrets. 

“Trademark” means all rights, title and interests (and all related IP Ancillary Rights) arising under
any Requirement of Law in or relating to trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service marks, logos and other source or business identifiers and, in each case, all goodwill
associated therewith, all registrations and recordations thereof and all applications in connection therewith. 

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

 “United States” and “U.S.” each means the United States of America. 

“U.S. Lender Party” means each of Agent, each Lender, each L/C Issuer, each SPV and each participant, in
each case that is a United States person as defined in Section 7701(a)(30) of the Code. 

“Wholly-Owned Subsidiary” means any Subsidiary in which (other than directors’ qualifying shares
required by law) one hundred percent (100%) of the Stock and Stock Equivalents, at the time as of which any determination is being made, is owned, beneficially and of record, by any Credit Party, or by one or more of the other Wholly-Owned
Subsidiaries, or both. 

  
 107

 11.2 Other Interpretive Provisions. 

(a) Defined Terms. Unless otherwise specified herein or therein, all terms defined in this Agreement or in any
other Loan Document shall have the defined meanings when used in any certificate or other document made or delivered pursuant hereto. The meanings of defined terms shall be equally applicable to the singular and plural forms of the defined terms.
Terms (including uncapitalized terms) not otherwise defined herein and that are defined in the UCC shall have the meanings therein described. 
 (b) The Agreement. The words “hereof”, “herein”, “hereunder” and words of similar import when used in this Agreement or any other Loan Document shall refer to this
Agreement or such other Loan Document as a whole and not to any particular provision of this Agreement or such other Loan Document; and subsection, section, schedule and exhibit references are to this Agreement or such other Loan Documents unless
otherwise specified. 
 (c) Certain Common Terms. The term “documents” includes any and all
instruments, documents, agreements, certificates, indentures, notices and other writings, however evidenced. The term “including” is not limiting and means “including without limitation.” 

(d) Performance; Time. Whenever any performance obligation hereunder or under any other Loan Document (other than
a payment obligation) shall be stated to be due or required to be satisfied on a day other than a Business Day, such performance shall be made or satisfied on the next succeeding Business Day. In the computation of periods of time from a specified
date to a later specified date, the word “from” means “from and including”; the words “to” and “until” each mean “to but excluding”, and the word “through” means “to and
including.” If any provision of this Agreement or any other Loan Document refers to any action taken or to be taken by any Person, or which such Person is prohibited from taking, such provision shall be interpreted to encompass any and all
means, direct or indirect, of taking, or not taking, such action. 
 (e) Contracts. Unless otherwise
expressly provided herein or in any other Loan Document, references to agreements and other contractual instruments, including this Agreement and the other Loan Documents, shall be deemed to include all subsequent amendments, thereto, restatements
and substitutions thereof and other modifications and supplements thereto which are in effect from time to time, but only to the extent such amendments and other modifications are not prohibited by the terms of any Loan Document. 

(f) Laws. References to any statute or regulation are to be construed as including all statutory and regulatory
provisions related thereto or consolidating, amending, replacing, supplementing or interpreting the statute or regulation. 
 11.3 Accounting Terms and Principles. All accounting determinations required to be made pursuant hereto shall, unless expressly otherwise provided herein, be made in accordance with GAAP. No change
in the accounting principles used in the preparation of any financial statement hereafter adopted by Partnership shall be given effect for purposes of 

  
 108

 
measuring compliance with any provision of Article V or VI unless Borrower, Agent and the Required Lenders agree to modify such provisions to reflect such changes in GAAP and,
unless such provisions are modified, all financial statements, Compliance Certificates and similar documents provided hereunder shall be provided together with a reconciliation between the calculations and amounts set forth therein before and after
giving effect to such change in GAAP. For the avoidance of doubt and in accordance with the foregoing sentence, to the extent that a change in GAAP after the date hereof requires operating leases (as opposed to capital leases) to be treated as
“indebtedness”, no such change in GAAP shall be given effect for any purposes under the Loan Agreement or any other Loan Documents, and Indebtedness hereunder shall not include any such obligations under operating leases solely as a result
of such change in GAAP. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to in Article V and
Article VI shall be made, without giving effect to any election under Accounting Standards Codification 825-10 (or any other Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of
any Credit Party or any Subsidiary of any Credit Party at “fair value.” A breach of a financial covenant contained in Article VI shall be deemed to have occurred as of any date of determination by Agent or as of the last day of any
specified measurement period, regardless of when the financial statements reflecting such breach are delivered to Agent. 
 11.4 Payments. Agent may set up standards and procedures to determine or redetermine the equivalent in Dollars of any amount expressed in any currency other than Dollars and otherwise may, but
shall not be obligated to, rely on any determination made by any Credit Party or any L/C Issuer. Any such determination or redetermination by Agent shall be conclusive and binding for all purposes, absent manifest error. No determination or
redetermination by any Secured Party or any Credit Party and no other currency conversion shall change or release any obligation of any Credit Party or of any Secured Party (other than Agent and its Related Persons) under any Loan Document, each of
which agrees to pay separately for any shortfall remaining after any conversion and payment of the amount as converted. Agent may round up or down, and may set up appropriate mechanisms to round up or down, any amount hereunder to nearest higher or
lower amounts and may determine reasonable de minimis payment thresholds. 
 [Signature Pages Follow.] 

  
 109

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

 

			
	 BORROWER:

		 	
	 RENTECH NITROGEN, LLC

		
	 By:
	 	 /s/ Dan J. Cohrs

	 Name: Dan J. Cohrs

	 Title: Vice President and Treasurer

		 	
	 FEIN: XXX

		 	
	 Address for notices:

		 	
	 10877 Wilshire Boulevard, Suite 600
 Los Angeles, California 90024-4364
 Attn: Mr. D. Hunt Ramsbottom,
Jr.
 Facsimile: (310) 208-7165

		 	
	 Address for wire transfers:

		 	
	 US Bank
 950 17th Street
 Denver, Colorado 80202

Account # XXX

ABA # 102000021

  
 Amended and
Restated Credit Agreement 

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

			
	GUARANTOR:
		 	
	 RENTECH NITROGEN PARTNERS, L.P.

		
	By:	 	 /s/ Dan J. Cohrs

	Name: Dan J. Cohrs
	 Title: Chief Financial Officer

		 	
	 FEIN: XXX

		 	
	 Address for notices:

		 	
	 10877 Wilshire Boulevard, Suite 600
 Los Angeles, California 90024-4364
 Attn: Mr. D. Hunt Ramsbottom,
Jr.
 Facsimile: (310) 208-7165

  
 Amended and
Restated Credit Agreement 

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

			
	 GENERAL ELECTRIC CAPITAL CORPORATION,
 as Agent and Swingline Lender

		
	By:	 	 /s/ Scott James Lorimer

	 Name: Scott James Lorimer

Title: Duly Authorized Signatory
  

Address for Notices:
  

General Electric Capital Corporation
 101 California Street, Suite 1500
 San Francisco, California 94111

Attn: Rentech—Account Officer
 Facsimile: (415) 277-7447
  
 With a copy to:
  
 General Electric Capital Corporation
 Corporate Finance:

10 Riverview Drive

Danbury, Connecticut 06810
 Attn: Jill Zellmer
 Facsimile: (203) 749-4562

 
 And

 
 General Electric Capital Corporation

12750 High Bluff Drive, Suite 200
 San Diego, California 92130
 Attn: Nicholas DeCorso, Esq.

Facsimile: (858) 726-6221
  

Address for payments:
  

Bank Name: Deutsche Bank Trust Company of Americas
 Bank Address: New York, New York
 Account Number: XXX

ABA #: 021-001-033

Account Name: General Electric Capital Corporation
 Reference: CFK1720 Rentech Nitrogen, LLC

  
 Amended and
Restated Credit Agreement 

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

			
	“LENDERS”
		 	
	GE CAPITAL FINANCIAL INC., as a Lender
		
	By:	 	 /s/ Heather-Leigh Glade

	Name: Heather-Leigh Glade
	Title: Duly Authorized Signatory
		 	
	 Address for notices:

 
 GE Capital Financial Inc.

c/o General Electric Capital Corporation
 101 California St., Suite 1500
 San Francisco, California 94111

Attn: Account Manager—Rentech Nitrogen, LLP Facsimile: (415) 277-7447

 
 with a copy to:

 
 GE Capital Financial Inc.

6510 Millrock Drive
 Suite 200
 Salt Lake City, Utah 84121

Attn: Chief Financial Officer
  

Lending office:
  

GE Capital Financial Inc.
 c/o General Electric Capital Corporation
 201 Merritt Seven

Norwalk, Connecticut 06851
  

with a copy to:
  

GE Capital Financial Inc.
 6510 Millrock Drive
 Suite 200

Salt Lake City, Utah 84121
 Attn: Chief Financial Officer

  
 Amended and
Restated Credit Agreement 

  

			
	AGFIRST FARM CREDIT BANK, as a Lender
		
	By:	 	 /s/ Bruce B. Fortner

	 Name: Bruce B. Fortner
 Title: Vice President
  

Address for notices:
  
 AgFirst Farm Credit Bank
 1401 Hampton Street

Columbia, South Carolina 29201
 Attn: Steven J.
O’Shea
 Facsimile: (803) 254-4219
  

Lending office:
 AgFirst Farm Credit
Bank
 1401 Hampton Street
 Columbia,
South Carolina 29201

  
 Amended and
Restated Credit Agreement 

  

			
	 BMO HARRIS BANK, N.A., as a Lender and
 Syndication Agent

		
	By:	 	 /s/ Jennifer Wendrow

	 Name: Jennifer Wendrow
 Title: Managing Director
  

Address for notices:
  
 BMO Harris Bank, N.A.
 115 S. LaSalle Street

19th Floor West
 Chicago, Illinois
60603
 Attn: Jennifer Wendrow

Facsimile: (312) 293-4280
  

Lending office:
  
 BMO Harris Bank, N.A.
 111 West Monroe Street

17th Floor West
 Chicago, Illinois
60603

  
 Amended and
Restated Credit Agreement 

  

			
	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/ Denis J. Campbell IV

	 Name: Denis J. Campbell IV
 Title: Senior Vice President
  

Address for notices:
  
 Citibank, N.A.
 4000 Regent Blvd.
 Irving, Texas 75063
 Attn: Natasha Howell
 Facsimile: (866) 634-5642
  

Lending office:
  
 Citibank, N.A.
 500 West Madison Street
 7th Floor
 Chicago, Illinois 60661
 Attn: Denis Campbell / Chris Gibson
 Facsimile: (312) 234-0594

  
 Amended and
Restated Credit Agreement 

  

			
	CITIZENS BANK, as a Lender
		
	By:	 	 /s/ Timothy D. Hanchett

	 Name: Timothy D. Hanchett
 Title: Senior Vice President
  

Address for notices:
  
 Citizens Bank
 28001 Cabot Drive – Suite 250

Novi, Michigan 48377
 Attn: Todd A.
Seehase
 Facsimile: (248) 324-8616
  

Lending office:
  
 Citizens Bank
 28001 Cabot Drive – Suite 250

Novi, Michigan 48377

  
 Amended and
Restated Credit Agreement 

 COBANK, ACB, as a Lender 

By: /s/ James M. Flaherty 
 Name: James M. Flaherty 
 Title: Vice President 

Address for notices: 
 CoBank, ACB 
 1650 Des Peres Road, Suite 120 

St. Louis, Missouri 63131 
 Attn: Milt Whipple 
 Facsimile: (303) 224-2724 

Lending office: 
 CoBank, ACB 
 5500 South Quebec Street 

Greenwood, Colorado 80111 
  

  
 Amended and
Restated Credit Agreement 

 COÖPERATIEVE CENTRALE RAIFFEISEN- BOERENLEENBANK B.A., “RABOBANK NEDERLAND”,
NEW YORK BRANCH, 
 as a Lender 
 By: /s/ Andrew Sherman 
 Name: Andrew Sherman 

Title: Managing Director 
 By: /s/ John L. Church 
 Name: John L. Church 

Title: Executive Director 
 Address for notices: 
 Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.,
“Rabobank Nederland”, New York Branch 
 123 No. Wacker Drive, Suite 2100 

Chicago, Illinois 60606 
 Attn: Denise DeMarco 
 Facsimile: (312) 408-8240 

Lending office: 
 Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank Nederland”, New York Branch 
 10 Exchange Place 
 Jersey City, New Jersey 07302 

 

  
 Amended and
Restated Credit Agreement 

 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender 

By: /s/ Mikhail Faybusovich 
 Name: Mikhail Faybusovich 
 Title: Director 

By: /s/ Vipul Dhadda 
 Name: Vipul Dhadda 
 Title: Associate 

Address for notices: 
 Credit Suisse AG, Cayman Islands Branch 
 Eleven Madison Avenue 

New York, New York 10010 
 Attn: Mikhail Faybusovich 
 Facsimile: (646) 935-8518 

Lending office: 
 Credit Suisse AG, Cayman Islands Branch 
 Eleven Madison Avenue 

New York, New York 10010 

  
 Amended and
Restated Credit Agreement 

 FARM CREDIT BANK OF TEXAS, as a Lender 

By: /s/ Isaac E. Bennett 
 Name: Isaac E. Bennett 
 Title: Vice President 

Address for notices: 
 Farm Credit Bank of Texas 
 4801 Plaza on the Lake Drive 

Austin, Texas 78746 
 Attn: Nicholas King 
 Facsimile: (512) 465-0734 

Lending office: 
 Farm Credit Bank of Texas 
 4801 Plaza on the Lake Drive 

Austin, Texas 78746 
  

  
 Amended and
Restated Credit Agreement 

 FIRSTMERIT BANK, N.A., as a Lender 

By: /s/ Brett Johnson 
 Name: Brett Johnson 
 Title: Vice President 

Address for notices: 
 FirstMerit Bank, N.A. 
 106 S. Main Street 

Akron, Ohio 44308 
 Attn: Brett Johnson 
 Facsimile: (330) 996-6394 

Lending office: 
 FirstMerit Bank, N.A. 
 4455 Hills & Dales Road NW 

Canton, Ohio 44708 
  

  
 Amended and
Restated Credit Agreement 

 MORGAN STANLEY SENIOR FUNDING, INC., as a Lender 

By: /s/ Michael King 
 Name: Michael King 
 Title: Vice President 

Address for notices: 
 Morgan Stanley Senior Funding, Inc. 
 1300 Thames Street, Thames Street Wharf

 4th Floor 
 Baltimore, Maryland 21231 
 Attn: Edward Henley 

Facsimile: (212) 404-9645 
 with a copy to: 
 Morgan Stanley Senior Funding, Inc. 

750 Seventh Avenue, 11th Floor 
 New York, New York 10019 
 Attn: Dmitriy Barskiy 

Facsimile: (212) 762-0345 
 AND 
 Morgan Stanley Senior Funding, Inc. 

1585 Broadway Avenue, 2nd Floor 
 New York, New York 10036 
 Attn: Kelly Chin 

Facsimile: (646) 290-2831 
 Lending office: 
 Morgan Stanley Senior Funding, Inc. 

1300 Thames Street, Thames Street Wharf 
 4th Floor 
 Baltimore, Maryland 21231 

Attn: Morgan Stanley Loan Servicing 
 Facsimile: (718) 233-2140 

  
 Amended and
Restated Credit Agreement 

 ROYAL BANK OF CANADA, as a Lender 

By: /s/ Scott Umbs 
 Name: Scott Umbs 
 Title: Authorized Signatory 

Address for notices: 
 Royal Bank of Canada 
 3 World Financial Center 

200 Vesey Street – 12th Floor 
 New York, New York 10281 
 Attn: Scott Umbs 

Facsimile: (212) 428-6201 
 Lending office: 
 Royal Bank of Canada 

Toronto Branch 

20 King Street West – 4th Floor 
 Toronto, Ontario, M5H 1C4 
  

  
 Amended and
Restated Credit Agreement 

 Schedule 1.1(a) 

PART I 
 CAPEX
Loan Commitments 
  

				September 30,				September 30,	
	 CAPEX Lender
	    	CAPEX Loan Commitment
Amount	 	    	Percentage of Capex Loan
Commitment	 
	 GE Capital Financial Inc.
	    	$	18,518,518.52	  	    	 	18.5	% 
	 AgFirst Farm Credit Bank
	    	$	9,259,259.26	  	    	 	9.3	% 
	 BMO Harris Bank N.A.
	    	$	11,111,111.11	  	    	 	11.1	% 
	 Citibank, N.A.
	    	$	5,555,555.56	  	    	 	5.6	% 
	 Citizens Bank
	    	$	3,703,703.70	  	    	 	3.7	% 
	 CoBank, ACB
	    	$	7,407,407.41	  	    	 	7.4	% 
	 Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank Nederland”, New York Branch
	    	$	9,259,259.26	  	    	 	9.3	% 
	 Credit Suisse AG, Cayman Islands Branch
	    	$	9,259,259.26	  	    	 	9.3	% 
	 Farm Credit Bank of Texas
	    	$	7,407,407.41	  	    	 	7.4	% 
	 FirstMerit Bank, N.A.
	    	$	3,703,703.70	  	    	 	3.7	% 
	 Morgan Stanley Senior Funding, Inc.
	    	$	9,259,259.26	  	    	 	9.3	% 
	 Royal Bank of Canada
	    	$	5,555,555.56	  	    	 	5.6	% 

 PART II 
 Schedule of CAPEX Loans 
  

				September 30,	
	 Date
	    	Cumulative	 
	 February 2012
	    	$	8,900.000.00	  
	 March 2012
	    	$	12,400,000.00	  
	 April 2012
	    	$	16,300,000.00	  
	 May 2012
	    	$	21,300,000.00	  
	 June 2012
	    	$	26,800,000.00	  
	 July 2012
	    	$	32,500,000.00	  
	 August 2012
	    	$	35,900,000.00	  
	 September 2012
	    	$	38,900,000.00	  
	 October 2012
	    	$	42,100,000.00	  
	 November 2012
	    	$	45,900,000.00	  
	 December 2012
	    	$	51,000,000.00	  
	 January 2013
	    	$	59,000,000.00	  
	 February 2013
	    	$	66,500,000.00	  
	 March 2013
	    	$	71,800,000.00	  
	 April 2013
	    	$	75,300,000.00	  
	 May 2013
	    	$	78,400,000.00	  
	 June 2013
	    	$	82,100,000.00	  
	 July 2013
	    	$	86,000,000.00	  
	 August 2013
	    	$	89,300,000.00	  
	 September 2013
	    	$	91,700,000.00	  

 Schedule 1.1(b) 

Revolving Loan Commitments 
  

				September 30,				September 30,	
	 Revolving Lender
	    	Revolving Loan
Commitment 
Amount	 	    	Percentage of Revolving
Loan
Commitment	 
	 GE Capital Financial Inc.
	    	$	6,481,481.48	  	    	 	18.5	% 
	 AgFirst Farm Credit Bank
	    	$	3,240,740.74	  	    	 	9.3	% 
	 BMO Harris Bank N.A.
	    	$	3,888,888.89	  	    	 	11.1	% 
	 Citibank, N.A.
	    	$	1,944,444.44	  	    	 	5.6	% 
	 Citizens Bank
	    	$	1,296,296.30	  	    	 	3.7	% 
	 CoBank, ACB
	    	$	2,592,592.59	  	    	 	7.4	% 
	 Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank Nederland”, New York Branch
	    	$	3,240,740.74	  	    	 	9.3	% 
	 Credit Suisse AG, Cayman Islands Branch
	    	$	3,240,740.74	  	    	 	9.3	% 
	 Farm Credit Bank of Texas
	    	$	2,592,592.59	  	    	 	7.4	% 
	 FirstMerit Bank, N.A.
	    	$	1,296,296.30	  	    	 	3.7	% 
	 Morgan Stanley Senior Funding, Inc.
	    	$	3,240,740.74	  	    	 	9.3	% 
	 Royal Bank of Canada
	    	$	1,944,444.44	  	    	 	5.6	% 

 Schedule 3.5 
 LITIGATION 
 In October 2009, the U.S. EPA Region 5 issued a Notice and
Finding of Violation pursuant to the federal Clean Air Act (“CAA”) related to the number 1 nitric acid plant at our East Dubuque Plant. The notice alleges violations of the CAA’s New Source Performance Standard for nitric acid plants,
PSD requirements and Title V Permit Program requirements. The notice appears to be part of the EPA’s Clean Air Act National Enforcement Priority for New Source Review/Prevention of Significant Deterioration related to nitric acid plants, which
seeks to reduce emissions from nitric acid plants through proceedings that result in the installation of new pollution control technology. 
 This matter was settled by a consent decree with the United States that was entered on February 13, 2012 by Order of the U.S. District Court for the Northern District of Illinois (the “Consent
Decree”). The Consent Decree set forth certain emission limits and monitoring and testing requirements for the East Dubuque Plant, as well as a $108,000 civil penalty that has been paid by Rentech Nitrogen, LLC, a Delaware limited liability
company (as successor-in-interest to Rentech Energy Midwest Corporation (“REMC”)) (“Borrower”). 

 Schedule 3.7 
 ERISA 
  

	 	1.	 Rentech, Inc. Welfare Benefit Plan, amended and restated effective January 1, 2011, including: 

 

	 	a.	 United HealthCare Choice Plus Plan (For Salary and Union Employees hired after October 1999), Group No. 707748, effective January 1, 2010

  

	 	b.	 United HealthCare PPO Plan for Rentech Energy Midwest Union, Tier 1 Hired Prior to October 19, 1999, Group No. 707748, effective
January 1, 2010 

  

	 	c.	 UnitedHealthcare Vision Plan, Group No. 70778, effective January 1, 2011 

 

	 	d.	 United Concordia Dental Plan, Policy No. 889037000, effective January 1, 2010 

 

	 	e.	 Sun Life Assurance Company of Canada Employee Life and Accidental Death and Dismemberment Insurance and Optional Life Insurance Policy, Dependent
Basic Life Insurance, Dependent Optional Life Insurance, Short Term Disability Income Insurance and Long Term Disability Income Insurance for Union Employees hired after 10/1/1999, Policy No. 202531-001, effective January 1, 2010

  

	 	f.	 Sun Life Assurance Company of Canada Employee Life and Accidental Death and Dismemberment Insurance, Dependent Life Insurance, Short Term Disability
Income Insurance and Long Term Disability Income Insurance for Rentech, Inc. and Borrower Salaried Employees, Policy No. 202531-001, effective January 1, 2010 

 

	 	g.	 Sun Life Assurance Company of Canada Employee Life and Accidental Death and Dismemberment Insurance, Dependent Life Insurance, Short Term Disability
Income Insurance and Long Term Disability Income Insurance for Union Employees hired on or before 10/1/1999, Policy No. 202531-001, effective January 1, 2010 

 

	 	h.	 Sun Life Assurance Company of Canada Employee Accidental Death and Dismemberment Insurance and Dependent Accidental Death and Dismemberment
Insurance Policy, Policy No. 202531-002, effective January 1, 2010 

  

	 	i.	 Rentech, Inc. Health Reimbursement Arrangement, effective January 1, 2003 

 

	 	j.	 Rentech, Inc. Flexible Benefit Plan, effective January 1, 2010, including: 

	 	i.	 Health Flexible Spending Account 

	 	ii.	 Dependent Care Flexible Spending Account 

	 	iii.	 Code Section 125 Premium Only Plan 

  

	 	2.	 Rentech, Inc. 401(k) Plan, as amended October 26, 2011 

 

	 	3.	 Rentech Nitrogen GP, LLC Union 401(k) Plan, as amended October 26, 2011 

 Schedule 3.9 
 REAL ESTATE 
 OWNED REAL ESTATE 

16675 Highway 20 West, East Dubuque, IL 61025 

Record Title Holder: Borrower 
 Legal Address: 16675 Highway 20 West, East Dubuque, IL 61025 

Index Numbers: Parcel 1: 43-10-000-319-06; Parcel 6: 43-10-000-313-03; Parcel 7: 43-10-000-283-03 

LEASED REAL ESTATE 
 None 
 OTHER REAL ESTATE WHERE COLLATERAL IS LOCATED 

Storage Tank space located at 1175 East County Road 2920N, Niota, IL 62358 

Office Space located at 10877 Wilshire Blvd #600, Los Angeles, CA 90024 

Note that several water wells on the East Dubuque property require replacement. The remaining cost for this project is expected to exceed
$1,000,000. 

 Schedule 3.12 
 ENVIRONMENTAL 
 1. In October 2009, the U.S. EPA Region 5 issued a Notice and
Finding of Violation (“NOV”) pursuant to the CAA related to the #1 nitric acid plant at the East Dubuque Plant. The NOV alleges violations of the CAA’s New Source Performance Standard for nitric acid plants, Prevention of Significant
Deterioration requirements and Title V Permit Program requirements. The notice appears to be part of the EPA’s Clean Air Act National Enforcement Priority for New Source Review/Prevention of Significant Deterioration related to nitric acid
plants, which seeks to reduce emissions from nitric acid plants through proceedings that result in the installation of new pollution control technology. This matter was settled by a consent decree with the United States that was entered on
February 13, 2012 by Order of the U.S. District Court for the Northern District of Illinois (the “Consent Decree”). The Consent Decree set forth certain emission limits and monitoring and testing requirements for the East Dubuque
Plant, as well as a $108,000 civil penalty that has been paid by Borrower. 
 2. As required by Borrower’s Water Pollution
Control Permit for its lime sludge drying bed, Borrower installed three groundwater monitoring wells in March 2011 – one up gradient and two down gradient. Sampling of these wells indicates that the concentrations of Total Dissolved Solids
(TDS) exceeds Illinois’ Class 1 and 2 Groundwater Quality Standards (35 Ill. Admin. Code §§ 620.410 and .420) and Manganese exceeds Illinois’s Class 1 Groundwater Quality Standards. These results were timely submitted to Illinois
EPA as required by our Permit. 
  

	3.	 ENVIRON International’s Phase I Document (as corrected). 

4. Matters of public record that are readily available, including publicly accessible databases maintained by U.S. EPA, Illinois EPA,
Illinois Emergency Management Agency, and the National Response Center (U.S. Coast Guard) and matters disclosed in the Environmental Section of the Data Room. 

 Schedule 3.15 
 LABOR RELATIONS 
 Labor Contract between Borrower and the International Union of
United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) and its Local 1391, dated October 17, 2006 

 Schedule 3.17 
 BROKERS’ AND TRANSACTION FEES 
 None. 

 Schedule 3.19 
 VENTURES, SUBSIDIARIES AND AFFILIATES; OUTSTANDING STOCK 
  

			September 30,		September 30,			September 30,				September 30,	
	 Entity
	    	Direct Holder	    	Type of
Entity	    	Equity Held	 	    	Percentage
Owned	 
	 Rentech
	    	Rentech Nitrogen	    	Delaware	    	 	Sole member	  	    	 	100	% 
	 Nitrogen, LLC
	    	Partners, L.P.	    	limited
liability	    				    			

 OPTIONS, WARRANTS, OR OTHER SIMILAR RIGHTS OR AGREEMENTS 

None 

Organizational Chart 
 Rentech, Inc. and Consolidated Subsidiaries (Post-IPO) 
  

 

 Schedule 3.20 
 JURISDICTION OF ORGANIZATION; CHIEF EXECUTIVE OFFICE 
  

			September 30,		September 30,		September 30,		September 30,		September 30,		September 30,
	 Legal Name
	  	Jurisdiction of
Organization	  	Organizational
Identification
Number	  	Chief Executive
Office	  	Prior Chief
Executive
Offices	  	Prior Legal
Names	  	Prior
Jurisdiction
	 Rentech

Nitrogen, LLC
	  	Delaware	  	36-3536929	  	10877 Wilshire
 Boulevard #600

Los Angeles, CA

90024
	  	None	  	Rentech Energy
Midwest
Corporation	  	None
							
	 Rentech

Nitrogen
 Partners, L.P.
	  	Delaware	  	500799	  	10877 Wilshire
Boulevard #600
Los Angeles, CA
90024	  	None	  	None	  	None

 Schedule 3.21 
 DEPOSIT ACCOUNTS AND OTHER ACCOUNTS 
 All Bank Accounts are held at US Bank*

 US Bank 

One California Street, Suite 2100 

San Francisco, CA 94111 
  

					
	 Account Name
	  	 Account

Type
	  	Account
Number
	 REMC Deposit CIT LOC ***
	  	Deposit	  	XXX 
	 REMC Checking
	  	 Zero Balance
 Checking
	  	XXX 
	 REMC Checking+
	  	 Zero Balance
 Checking
	  	XXX 
	 RENTECH NITROGEN PARTNERS L.P.
	  	 Administrative
 checking account
	  	XXX 
	 RENTECH NITROGEN, LLC **
	  	Sweep account	  	XXX 
	 RENTECH NITROGEN, LLC
	  	 Operations checking
 account
	  	XXX 
	 RNP JO CARROLL CHECKING
	  	 Zero Balance
 Checking
	  	XXX 

  

	*	 US Bank accounts will be closed and new accounts will be maintained with an alternative bank post-closing. An escrow account will be left at US
Bank. 

  

	**	 Represents a sweep account. Any balances in the checking accounts are swept to the sweep accounts daily. As checks are presented from the checking
accounts, funds are sent to the account the check is drawn upon from the sweep account to cover the amount of the check. 

  

	***	 Represents the account where customers directly deposit payments for Borrower’s products. The deposit account is swept daily to the sweep
account. 

 Schedule 3.22 
 BONDING; LICENSES 
 None. 

 Schedule 4.2 
 PARTNERSHIP’S WEBSITE ADDRESS 
 http://www.rentechnitrogen.com/ 

 Schedule 4.15 
 POST-CLOSING OBLIGATIONS 
  

			
	 OBLIGATION / DELIVERABLE
	  	 DUE DATE

	 Agent shall have received evidence that all US Bank deposit accounts (other than any account subject to a Control Agreement) have been closed.
	  	 April 28, 2012 (with extensions approved by Agent in its sole discretion)

		
	 The Borrower shall use commercially reasonable efforts to, on or before August 28, 2012, obtain confirmation from the Illinois Environmental Protection
Agency that the National Pollutant Discharge Elimination System permit (the “Permit”) for the premises located at 16675 U.S. Route 20 West, East Dubuque, Illinois, has been transferred to Borrower as “owner” and either
“operator” or “co-operator” and to Rentech Nitrogen GP, LLC as “co-operator” to the extent “co-operators” are identified on the Permit.
	  	 August 28, 2012

 Schedule 5.1 
 LIENS 
  

									
	 DEBTOR
	  	 SECURED PARTY
	  	 LIEN TYPE
	  	 FILING INFO
	  	 COLLATERAL
DESCRIPTION

					
	 Rentech Energy Midwest

Corporation
 10 Rockefeller Plaza
 Suite 1120

New York, NY 10020
  

Amended from:

Royster-Clark Nitrogen, Inc.
  

Additional Debtors:

Royster-Clark, Inc.

10 Rockefeller Plaza,

Suite 1120
 New York, NY 10020
  
 Royster-Clark
 Agribusiness, Inc.

10 Rockefeller Plaza,

Suite 1120
 New York, NY 10020
	  	 Transamerica Equipment Financial Services Corporation
 44 Old Ridgebury Road
 Danbury, CT 06810
	  	UCC	  	 File No.: 2069385 7
 Date:
      3/18/02
 Term.:     6138836 2
 Date:       4/25/06
 Amend.:  6442684 7

Date:       12/18/06

Amend.:  6442686 2

Date:       12/18/06

Cont.:       6442746 4
 Date:         12/18/06
  
 Even though there was a termination filed on 4/25/06, a continuation was subsequently filed on 12/18/06
  

Amendments were to add and remove debtor and change secured party’s address
	  	 Schedule A – Naming Transamerica as Lessor and Royster as Lessee – This is to record a True Lease on:

1 Evans Serial Number 1J9X140B010003028, 102248 – 2001 HI-16-40-ARG Tandem Trailer w/Agricraft D6H Hi Lift Dumps and 4 Stainless Steel Hoppers,
etc.
  
 Equipment located at different addresses

					
	 Rentech Energy Midwest

Corporation
 10 Rockefeller Plaza
 Suite 1120

New York, NY 10020
  

Amended from:

Royster-Clark Nitrogen, Inc.
  

Additional Debtors:

Royster-Clark, Inc.

10 Rockefeller Plaza,

Suite 1120
 New York, NY 10020
  
 Royster-Clark
 Agribusiness, Inc.

10 Rockefeller Plaza,

Suite 1120
 New York, NY 10020
	  	 Transamerica Equipment Financial Services Corporation
 44 Old Ridgebury Road
 Danbury, CT 06810
	  	UCC	  	 File No.: 2069387 3
 Date:
3/18/02
 Term.: 6138837 0
 Date:
4/25/06
 Amend.: 6442601 1
 Date:
12/18/06
 Amend.: 6442603 7
 Date:
12/18/06
 Cont.: 6442683 9
 Date:
12/18/06
  
 Even though there was a termination filed on 4/25/06, a
continuation was subsequently filed on 12/18/06
  
 Amendments were to add
and remove debtor and change secured party’s address
	  	 Schedule A – Naming Transamerica as Lessor and Royster as Lessee – This is to record a True Lease on:

1 International 1HTWAAANX2J036303 – 2002 7300 SFA 4x2 with GFE 1200 Gallon Liquid Fertilizer Applicator Model T-304, etc.

 
 Equipment located at different addresses

  

									
	 DEBTOR
	 	 SECURED PARTY
	 	 LIEN TYPE
	 	 FILING INFO
	 	 COLLATERAL
DESCRIPTION

	 Rentech Energy Midwest

Corporation
 10 Rockefeller Plaza

Suite 1120
 New York, NY 10020

 
 Amended from:
 Royster-Clark Nitrogen, Inc.
  

Additional Debtors:
 Royster-Clark,
Inc.
 10 Rockefeller Plaza,
 Suite
1120
 New York, NY 10020
	 	 Transamerica Equipment

Financial Services
 Corporation

44 Old Ridgebury Road
 Danbury, CT
06810
	 	UCC	 	 File No.: 2091518 5
 Date:       4/11/02

Term.:     6138838 8

Date:       4/25/06

Amend.:  2007 0224443

Date:       1/18/07

Amend.:  2007 0224476

Date:       1/18/07

Amend.:  2007 0224559

Date:       1/18/07

Cont.:     2007 0224468
 Date:       1/18/07
  
 Even though there was a
termination filed on 4/25/06, a
continuation was subsequently
filed on 1/18/07
  

Amendments were to add and
remove debtor and change
secured party’s address
	 	 Schedule A – Naming

Transamerica as Lessor and
Royster as Lessee – This is to
record a True Lease on:
 1 Ford FDA
 P57F71EC13456 –
 212446 – 2001 Ford
 F578 Truck with 550 Gallon
Hydrasprayer, etc.

 
 Equipment located at different
addresses

					
	 Rentech Energy Midwest

Corporation
 10 Rockefeller Plaza

Suite 1120
 New York, NY 10020

 
 Amended from:
 Royster-Clark Nitrogen, Inc.
  

Additional Debtors:
 Royster-Clark,
Inc.
 10 Rockefeller Plaza,
 Suite
1120
 New York, NY 10020
	 	 Transamerica Equipment

Financial Services
 Corporation

44 Old Ridgebury Road
 Danbury, CT
06810
	 	UCC	 	 File No.:2101924 3

Date:       4/24/02

Term.:     6138839 6

Date:       4/25/06

Amend.:  2007 0209774

Date:       1/17/07

Amend.:  2007 0209808

Date:       1/17/07

Amend.:  2007 0210715

Date:       1/17/07

Cont.:      2007 0209782
 Date:       1/17/07
  
 Even though there was a termination filed on 4/25/06, a continuation was subsequently filed on 1/17/07
  

Amendments were to add and remove debtor and change secured party’s address
	 	 Schedule A – Naming

Transamerica as
 Lessor and Royster as

Lessee – This is to
 record a True
Lease
 on:
 1 Freightliner
–
 1 FUY3EDB5TP574567 – SS18-189 – 1996 Freightliner Truck with 18 ton, 304 S.S. Adams Site Specific Auger Tender with Hydraulic
Drive.
  
 Equipment located at different addresses

  

									
	 DEBTOR
	 	 SECURED PARTY
	 	 LIEN TYPE
	 	 FILING INFO
	 	 COLLATERAL
DESCRIPTION

	 Rentech Energy Midwest

Corporation
 10 Rockefeller Plaza

Suite 1120
 New York, NY 10020

 
 Amended from:
 Royster-Clark Nitrogen, Inc.
  

Additional Debtors:
 Royster-Clark,
Inc.
 10 Rockefeller Plaza,
 Suite
1120
 New York, NY 10020
	 	 Transamerica Equipment

Financial Services
 Corporation

44 Old Ridgebury Road
 Danbury, CT
06810
	 	UCC	 	 File No.: 2101939 1

Date:      4/24/02

Term.:     6138840 4

Date:       4/25/06

Amend.:  2007 0222553

Date:       1/18/07

Amend.: 2007 0222579

Date:     1/18/07

Amend.:  2007 0222587

Date:      1/18/07

Cont.:     2007 0222561

Date:       1/18/07
  

Even though there was a termination filed on 4/25/06, a continuation was subsequently filed on 1/18/07

 
 Amendments were to add and remove debtor and change secured party’s
address
	 	 Schedule A – Naming Transamerica as Lessor and Royster as Lessee – This is to record a True Lease on:

 
 1 Silver Wheels – 2002 Silver Wheels Sprayer System w/160 Gallon Liquid System
Raven Control System w/60 gallon Foam marker and accessories, etc.
  

Equipment located at different addresses

					
	 Rentech Energy Midwest

Corporation
 10 Rockefeller Plaza

Suite 1120
 New York, NY 10020

 
 Amended from:
 Royster-Clark Nitrogen, Inc.
  

Additional Debtors:
 Royster-Clark,
Inc.
 10 Rockefeller Plaza,
 Suite
1120
 New York, NY 10020
	 	 Transamerica Equipment

Financial Services
 Corporation

44 Old Ridgebury Road
 Danbury, CT
06810
	 	UCC	 	 File No.: 2113923 1

Date:       5/07/02

Amend.: 2007 0477751

Date:      2/06/07

Amend.:2007 0480284

Date:     2/06/07

Amend.:2007 0480946

Date:     2/06/07

Cont.:  2007 0481373

Date:     2/06/07
  

Amendments were to add and remove debtor and change secured party’s address
	 	 Schedule A – Naming Transamerica as Lessor and Royster as Lessee – This is to record a True Lease on:

1 Patriot JFG0004494 – 2002 Model 4260 SPX sprayer, etc.
  

Equipment located at different addresses

									
	 DEBTOR
	 	 SECURED PARTY
	 	 LIEN TYPE
	 	 FILING INFO
	 	 COLLATERAL
DESCRIPTION

	 Rentech Energy Midwest

Corporation
 10 Rockefeller Plaza

Suite 1120
 New York, NY 10020

 
 Amended from:
 Royster-Clark Nitrogen, Inc.
  

Additional Debtors:
 Royster-Clark,
Inc.
 10 Rockefeller Plaza,
 Suite
1120
 New York, NY 10020
	 	 Transamerica Equipment

Financial Services
 Corporation

44 Old Ridgebury Road
 Danbury, CT
06810
	 	UCC	 	 File No.: 2119219 8
 Date:
     5/13/02
 Term.:    6138841 2
 Date:      4/25/06
 Amend.: 2007 0513100

Date:      2/08/07

Amend.: 2007 0513563
 Date:
     2/08/07
 Amend.: 2007 0514140
 Date:      2/08/07
 Cont.:    2007 0514173

Date:      2/08/07
  

Even though there was a termination filed on 4/25/06, a continuation was subsequently filed on 2/08/07

 
 Amendments were to add and remove debtor and change secured party’s
address
	 	 Schedule A – Naming Transamerica as Lessor and Royster as Lessee – This is to record a True Lease on:

1 International 2HSCNAPRX3C052362 – 2002 Model 9400 Tractor, etc.
  

Equipment located at 2108 E. Harlan Street, Terre Haute, Vigo County, IN 47802

					
	 Rentech Energy Midwest Corporation
 10 Rockefeller Plaza
 Suite 1120
 New York, NY 10020
  

Amended from:
 Royster-Clark Nitrogen,
Inc.
  
 Additional Debtors:

Royster-Clark, Inc.
 10 Rockefeller
Plaza,
 Suite 1120
 New York, NY
10020
	 	 Transamerica Equipment

Financial Services
 Corporation

44 Old Ridgebury Road
 Danbury, CT
06810
	 	UCC	 	 File No.: 2121966 0
 Date:      5/15/02
 Amend.: 2007 0513092

Date:      2/08/07

Amend.: 2007 0513555
 Date:
     2/08/07
 Amend.: 2007 0514132
 Date:      2/08/07
 Cont.:   2007 0514157

Date: 2/08/07
  
 Amendments were to add and remove debtor and change secured party’s address
	 	 Schedule A – Naming Transamerica as Lessor and Royster as Lessee – This is to record a True Lease on:

1 Komatsu 558027A – Model FG20T-12 Lift Truck w/42” Forks, etc.
  

Equipment located at different addresses

					
	 Rentech Energy Midwest Corporation
 10 Rockefeller Plaza
 Suite 1120
 New York, NY 10020
  

Amended from:
 Royster-Clark Nitrogen,
Inc.
  
 Additional Debtors:

Royster-Clark, Inc.
 10 Rockefeller Plaza, Suite
1120
 New York, NY 10020
	 	 Transamerica Equipment

Financial Services
 Corporation

44 Old Ridgebury Road
 Danbury, CT
06810
	 	UCC	 	 File No.: 2150937 5
 Date:
      6/19/02
 Term.:     6138842 0
 Date:       4/25/06
 Amend.:  2007 0875236

Date:      3/08/07

Amend.: 2007 0875301
 Date:
      3/08/07
 Amend.:  2007 0875343
 Date:     3/08/07
 Cont.:    2007 0875350

Date:    3/08/07
  

Even though there was a termination filed on 4/25/06, a continuation was subsequently filed on 3/08/07

 
 Amendments were to add and remove debtor and change secured party’s
address
	 	 Schedule A – Naming Transamerica as Lessor and Royster as Lessee – This is to record a True Lease on:

1 GVM – TB150901013 – Toolbar, Pull Type 19 Shank, etc.
  

Equipment located at different addresses

  

									
	 DEBTOR
	  	 SECURED PARTY
	  	 LIEN TYPE
	  	 FILING INFO
	  	 COLLATERAL
DESCRIPTION

	 Rentech Energy Midwest
Corporation
 10 Rockefeller Plaza
 Suite 1120
 New York, NY 10020
  

Additional Debtors:
 Royster-Clark,
Inc.
 10 Rockefeller Plaza,
 Suite
1120
 New York, NY 10020
	  	 Transamerica Equipment
Financial Services
Corporation
 44 Old Ridgebury Road
 Danbury, CT 06810
	  	UCC	  	 File No.:2007 0299007

Date:       1/18/07
	  	 Schedule A – Naming
Transamerica as Lessor and
Royster as Lessee – This is to
record a True Lease on:

 
 1 Silver Wheels –
 2002 Silver Wheels Sprayer
System w/1600 Gallon
Liquid System Raven Control
System w/60 gallon Foam
Marker and accessories, etc.

 
 Equipment located at
different addresses

					
	 Rentech Energy Midwest Corporation
 10 Rockefeller Plaza
 Suite 1120
 New York, NY 10020
  

Additional Debtors:
 Royster-Clark,
Inc.
 10 Rockefeller Plaza, Suite 1120

New York, NY 10020
	  	 Transamerica Equipment Financial Services Corporation
 44 Old Ridgebury Road
 Danbury, CT 06810
	  	UCC	  	 File No.: 2007 0302629
 Date:       1/18/07
	  	 Schedule A – Naming Transamerica as Lessor and Royster as Lessee – This is to record a True Lease on:

1 Freightliner – 1PUY3EDBSTP574567, 5518-189, etc.
  

Equipment located at different addresses

					
	 Rentech Energy Midwest Corporation
 10 Rockefeller Plaza
 Suite 1120
 New York, NY 10020
  

Additional Debtors:
 Royster-Clark,
Inc.
 10 Rockefeller
 Plaza, Suite
1120
 New York, NY 10020
	  	 Transamerica Equipment Financial Services Corporation
 44 Old Ridgebury Road
 Danbury, CT 06810
	  	UCC	  	 File No.: 2007 0303619
 Date:       1/18/07
	  	 Schedule A – Naming Transamerica as Lessor and Royster as Lessee – This is to record a True Lease on:

1 Ford IFDAP57P71EC13456, 212446 – 2001 Ford F578 Truck with 550 Gallon Hydrasprayer, etc.

 
 Equipment located at different addresses

					
	 Rentech Energy Midwest Corporation
 10 Rockefeller Plaza
 Suite 1120
 New York, NY 10020
  

Additional Debtors:
 Royster-Clark,
Inc.
 10 Rockefeller Plaza,
 Suite
1120
 New York, NY 10020
	  	 Transamerica Equipment Financial Services Corporation
 44 Old Ridgebury Road
 Danbury, CT 06810
	  	UCC	  	 File No.: 2007 0538693
 Date:       2/07/07
	  	 Schedule A – Naming Transamerica as Lessor and Royster as Lessee – This is to record a True Lease on:

1 Patriot – JFG0004494 – 2002 Model 4260 SPX sprayer, etc.
  

Equipment located at different addresses

  

									
	 DEBTOR
	 	 SECURED PARTY
	 	 LIEN TYPE
	 	 FILING INFO
	 	 COLLATERAL
DESCRIPTION

	 Rentech Energy Midwest

Corporation
 10 Rockefeller Plaza
 Suite 1120

New York, NY 10020
  

Additional Debtors:
 Royster-Clark,
Inc.
 10 Rockefeller Plaza,
 Suite
1120
 New York, NY 10020
	 	 Transamerica Equipment

Financial Services
 Corporation

44 Old Ridgebury Road
 Danbury, CT
06810
	 	UCC	 	 File No.: 2007 0579119
 Date:      2/09/07
	 	 Schedule A – Naming Transamerica as Lessor and Royster as Lessee – This is to record a True Lease on:

 
 1 Komatsu 558027A – Model FG20T-12 Lift Truck w/42” Forks,
etc.
  
 Equipment located at different
addresses

					
	 Rentech Energy Midwest

Corporation
 10 Rockefeller Plaza
 Suite 1120

New York, NY 10020
  

Additional Debtors:
 Royster-Clark,
Inc.
 10 Rockefeller Plaza,
 Suite
1120
 New York, NY 10020
	 	 Transamerica Equipment

Financial Services
 Corporation

44 Old Ridgebury Road
 Danbury, CT
06810
	 	UCC	 	 File No.: 2007 0938737
 Date:       3/08/07
	 	 Schedule A – Naming Transamerica as Lessor and Royster as Lessee – This is to record a True Lease on:

1 GVM TB15Q901013 – Toolbar, Pull Type 19 Shank, etc.
  

Equipment located at different addresses

					
	 Rentech Energy Midwest

Corporation
 16675 US Highway 20 West
 East Dubuque, IL
61025
	 	 Toyota Motor Credit

Corporation
 P.O. Box 3457

Torrance, CA 90510-345
	 	UCC	 	 File No.:2011 0754302

Date:     3/01/11

Amend.: 2011 0787922
 Date:
      3/03/11
  
 Amendment was to update
debtor’s address.
	 	It is the intent of the parties that the transaction referenced herein constitutes a true lease. The party designated as the secured party in Item 3 above is the owner of the
property described herein. This filing is made as a precaution should the transaction be viewed as other than a true lease. ONE (1) Toyota Forklift Model #8FGCU20 Serial #31591 Two (2) Toyota Forklifts Model #8FDU30 Serial #30348,
etc.

  

									
		  		  		  		  	
	 DEBTOR
	  	 SECURED PARTY
	  	 LIEN TYPE
	  	 FILING INFO
	  	 COLLATERAL
DESCRIPTION

	Rentech Energy Midwest Corporation	  	 Jo-Carroll Energy
	  	 A deposit of $720,000 in an escrow account to back REMC’s contractual obligation to buy power from Jo-Carroll Energy, the local rural
cooperative.
	  		  	
					
	Rentech Energy Midwest Corporation	  	 Air Liquide Industrial U.S. LP
	  	 Commercial Property Lease
	  		  	 Lease dated December 7, 2005 between Rentech Energy Midwest Corporation as Lessor and Air Liquide Industrial U.S. LP as Lessee for premises located at 16675 HWY
20 W, East Dubuque, IL 61025, for $450 per month.

 Schedule 5.4 
 INVESTMENTS 
 A deposit of $720,000 in an escrow account to back Borrower’s
contractual obligation to buy power from Jo-Carroll Energy, the local rural cooperative. 

 Schedule 5.5 
 INDEBTEDNESS 
 Electric Power Distribution Upgrade Agreement entered into as of
January 26, 2012, by and between Jo-Carroll Energy, Inc. and Borrower. 

 Schedule 5.9 
 CONTINGENT OBLIGATIONS 
 Electric Power Distribution Upgrade Agreement entered
into as of January 26, 2012, by and between Jo-Carroll Energy, Inc. and Borrower.

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