Document:

Exhibit

Execution Version

This AMENDMENT NO. 7 AND WAIVER, dated as of November 30, 2016 (this “Amendment”), among OCI BEAUMONT LLC, a Texas limited liability company (the “Borrower”), OCI USA INC., a Delaware corporation (“Holdings”), OCI PARTNERS LP, a Delaware limited partnership (the “MLP”) and BANK OF AMERICA, N.A., as administrative agent (in such capacity, together with its successors, the “Administrative Agent”) for the Lenders (as defined below), amends that certain Term Loan Credit Agreement, dated as of August 20, 2013 (as amended by Amendment No. 1, dated as of November 27, 2013, Amendment No. 2 and Waiver, dated as of April 4, 2014, Amendment No. 3, dated as of June 13, 2014, Amendment No. 4, dated as of March 12, 2015, that Incremental Term Loan Commitment Agreement, dated as of July 2, 2015, Amendment No. 5 and Waiver, dated as of October 16, 2015 and Amendment No. 6, dated as of March 17, 2016, and as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), entered into among the Borrower, Holdings, the MLP, the institutions from time to time party thereto as Lenders (the “Lenders”), the Administrative Agent and the other agents and arrangers named therein. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement.
W I T N E S S E T H:
WHEREAS, on or around the Amendment No. 7 Effective Date, the Borrower wishes to prepay $200,000,000 of Term B-3 Loans currently outstanding (to be applied on a ratable basis);
WHEREAS, pursuant to Section 13.12(a) of the Credit Agreement, the Credit Agreement and any other Credit Document may be amended, supplemented or modified with the consent of the Credit Parties and the Required Lenders;
WHEREAS, the Credit Parties, the Administrative Agent and each of the Lenders signatory hereto (each such Lender, a “Consenting Lender”) desire to the amend the Credit Agreement on the terms set forth herein;
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the sufficiency and receipt of all of which is hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1.Amendments to the Credit Agreement.     Effective as of the Amendment No. 7 Effective Date (as defined below), the Credit Agreement is hereby amended as follows: 
(a)    The following definitions are added in alphabetical order to Section 1.01 thereof:
“Amendment No. 4” shall mean Amendment No. 4 to this Agreement, dated as of March 12, 2015, by and among Holdings, the Borrower, the MLP, the Administrative Agent and the Lenders party thereto.    
“Amendment No. 4 Effective Date” shall mean March 12, 2015.
“Amendment No. 7” shall mean Amendment No. 7 to this Agreement, dated as of November 30, 2016, by and among Holdings, the Borrower, the MLP, the Administrative Agent and the Lenders party thereto.    
“Amendment No. 7 Effective Date” shall mean November 30, 2016.

“Amendment No. 7 Prepayment” shall mean the $200,000,000 prepayment of Term Loans, made by the Borrower on or around the Amendment No. 7 Effective Date.
“Subordinated Shareholder Loan” shall mean that certain $200,000,000 Intercompany Term Facility, dated as of September 15, 2016 (as amended, amended and restated, supplemented or otherwise modified from time to time, including without limitation, on or around the Amendment No. 7 Effective Date), between Holdings, as lender, and the Borrower, as borrower.
(b)    The definition of “U.S. GAAP” appearing in Section 1.01 of the Credit Agreement is amended and restated in its entirety as follows:
““U.S. GAAP” shall mean generally accepted accounting principles in the United States of America as in effect from time to time, including those set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as approved by a significant segment of the accounting profession (but excluding the policies, rules and regulations of the SEC applicable only to public companies. All ratios and computations based on GAAP contained in this Agreement shall be computed in conformity with GAAP.”

(c)    Section 5.01(b) is hereby amended and restated in its entirety as follows:
“(b)    Each prepayment pursuant to Section 5.01 for any reason or any amendment of this Agreement resulting in a Repricing Transaction, shall be accompanied by a premium payable by Borrower equal to (i) if such prepayment or payment is made after the first anniversary of the Amendment No. 4 Effective Date but on or prior to the second anniversary of the Amendment No. 4 Effective Date, 2% of the principal amount of the Loans so prepaid (or in the case of an amendment resulting in a Repricing Transaction, a payment equal to 2% of the aggregate amount of the applicable Term Loans outstanding immediately prior to such amendment) and (ii) at par thereafter.  In the event that after the second anniversary of the Amendment No. 4 Effective Date and on or prior to the third anniversary of the Amendment No. 4 Effective Date, (x) Borrower makes any prepayment of Term Loans in connection with any Repricing Transaction, or (y) effects any amendment of this Agreement resulting in a Repricing Transaction, Borrower shall pay to the Administrative Agent, for the ratable account of each of the applicable Lender, (I) in the case of clause (x), a prepayment premium of 1% of the amount of the Term Loans being prepaid and (II) in the case of clause (y), a payment equal to 1% of the aggregate amount of the applicable Term Loans outstanding immediately prior to such amendment.”

(d)    Section 10.11(a) is hereby amended and restated in its entirety as follows:
“(a)     The Borrower will not permit the Consolidated Senior Secured Net Leverage Ratio on the last day of any fiscal quarter in the table below to exceed the ratio set forth opposite such period in the table below:

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	Fiscal Quarter
	Maximum Consolidated Senior Secured Net Leverage Ratio

	December 31, 2016
	5.00:1.00

	March 31, 2017
	6.25:1.00

	June 30, 2017
	5.50:1.00

	September 30, 2017
	5.50:1.00

	December 31, 2017
	5.25:1.00

	March 31, 2018 and each fiscal quarter ending thereafter
	4.75:1.00

”
(e)    Section 10.11(b) is hereby amended and restated in its entirety as follows:
“(b)     The Borrower will not permit the Consolidated Interest Coverage Ratio on the last day of any fiscal quarter in the table below to be less than the ratio set forth opposite such period in the table below:
	
		
	Fiscal Quarter
	Minimum Consolidated Interest Coverage Ratio

	December 31, 2016
	1.25:1.00

	March 31, 2017
	1.25:1.00

	June 30, 2017
	1.50:1.00

	September 30, 2017
	1.75:1.00

	December 31, 2017 and each fiscal quarter ending thereafter
	2.25:1.00

”
(f)    Section 10.11 is hereby amended by adding the following clause “(c)” after clause “(b)”:
“(c)    Notwithstanding anything to the contrary contained herein, in determining compliance with the Financial Covenants, accrued interest and interest payable (including capitalized interest) under the Subordinated Shareholder Loan and the OCI Working Capital Facility shall be excluded from the calculation of Consolidated Senior Secured Net Leverage Ratio and Consolidated Interest Coverage Ratio.”

SECTION 2.    Waiver.  Each Lender party hereto hereby waives any prepayment penalty under Section 5.01(b) of the Credit Agreement that may otherwise be due and payable in respect of the Amendment No. 7 Prepayment.
SECTION 3.    Conditions of Effectiveness.  This Amendment shall become effective as of the first date (such date being referred to as the “Amendment No. 7 Effective Date”, which date is November 30, 2016) when each of the following conditions shall have been satisfied:
(a)    The Administrative Agent shall have received counterparts of this Amendment, duly executed and delivered by (i) the Borrower, (ii) Holdings, (iii) the MLP, (iv) Consenting Lenders constituting the Required Lenders and (v) the Administrative Agent.

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(b)    The Administrative Agent shall have received, on behalf of itself and the Lenders, an opinion from Latham & Watkins LLP, special New York counsel to the Credit Parties, dated as of the Amendment No. 7 Effective Date and addressed to the Administrative Agent and each of the Lenders, in form and substance reasonably satisfactory to the Administrative Agent.
(c)    The Administrative Agent shall have received (i) certificates of good standing (to the extent such concept exists) from the applicable secretary of state of the state of organization of each Credit Party, certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Credit Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Amendment and (ii) a certificate, dated as of the Amendment No. 7 Effective Date, signed by a Responsible Officer of the Borrower, confirming satisfaction of the conditions set forth in Sections 3(d) and (f) of this Amendment.
(d)    The representations and warranties of the Borrower and each other Credit Party contained in Section 8 of the Credit Agreement (as amended hereby) or any other Credit Document shall be true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality) on and as of the Amendment No. 7 Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality) as of such earlier date.
(e)    Payment by the Borrower of all reasonable fees and expenses due to the Administrative Agent, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses (including the legal fees and expenses of Cahill Gordon & Reindel LLP, counsel to the Administrative Agent).
(f)    After giving effect to this Amendment, no Default or Event of Default exists, or would result from the effectiveness of this Amendment.
SECTION 4.    Representations and Warranties.  On and as of the Amendment No. 7 Effective Date, after giving effect to this Amendment, each Credit Party represents and warrants as follows:
(a)    Each Credit Party (i) is a duly organized and validly existing corporation, partnership, or limited liability company, as the case may be, in good standing under the laws of the jurisdiction of its organization, (ii) has the corporate or limited liability company power and authority, as the case may be, to own its property and assets and to transact the business in which it is engaged and presently proposes to engage and (iii) is, to the extent such concepts are applicable under the laws of the relevant jurisdiction, duly qualified and is authorized to do business and is in good standing in each jurisdiction where the ownership, leasing or operation of its property or the conduct of its business requires such qualifications except for failures to be so qualified which, individually and in the aggregate, have not had, and would not reasonably be expected to have, a Material Adverse Effect.
(b)    Each Credit Party has the corporate, partnership or limited liability company power and authority, as the case may be, to execute, deliver and perform the terms and provisions of this Amendment and has taken all necessary corporate, partnership or limited liability company action, as the case may be, to authorize the execution, delivery and performance by it of this Amendment.  

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Each Credit Party has duly executed and delivered this Amendment, and this Amendment constitutes its legal, valid and binding obligation enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).
(c)    Neither the execution, delivery or performance by any Credit Party of this Amendment, nor compliance by it with the terms and provisions thereof, (i) will contravene any provision of any law, statute, rule or regulation or any order, writ, injunction or decree of any court or governmental instrumentality, (ii) will conflict with or result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien (except pursuant to the Security Documents) upon any of the property or assets of any Credit Party pursuant to the terms of, any indenture, mortgage, deed of trust, credit agreement or loan agreement, or any other material agreement, contract or instrument, in each case to which any Credit Party is a party or by which it or any of its property or assets is bound or to which it may be subject (except, in the case of preceding clauses (i) and (ii), other than in the case of any contravention, breach, default and/or conflict, that would not reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect) or (iii) will violate any provision of the certificate or articles of incorporation, certificate of formation, limited liability company agreement or by-laws (or equivalent organizational documents), as applicable, of any Credit Party or any of its respective Subsidiaries.
(d)    The execution, delivery, performance or effectiveness of this Amendment will not (i) impair the validity, effectiveness or priority of the Liens granted pursuant to any Credit Document, and such Liens continue unimpaired with the same priority to secure repayment of all of the applicable Obligations, whether heretofore or hereafter incurred, or (ii) require that any new filings be made or other action taken to perfect or to maintain the perfection of such Liens. 
SECTION 5.    Effect of Amendment.  Except as expressly set forth herein, this Amendment shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or any other Credit Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  As of the Amendment No. 7 Effective Date, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, and each reference in the other Credit Documents to the Credit Agreement (including, without limitation, by means of words like “thereunder,” “thereof” and words of like import), shall mean and be a reference to the Credit Agreement as amended hereby, and this Amendment and the Credit Agreement shall be read together and construed as a single instrument.  This Amendment shall constitute a Credit Document.

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SECTION 6.    Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument.  A set of counterparts executed by all the parties hereto shall be lodged with the Borrower and the Administrative Agent.
SECTION 7.    Acknowledgement and Affirmation.  Each Credit Party party hereto hereby expressly acknowledges, (i) all of its obligations under the Holdings and MLP Guaranty, the Subsidiaries Guaranty, the Security Agreement and the other Security Documents to which it is a party are reaffirmed and remain in full force and effect on a continuous basis, (ii) its grant of security interests pursuant to the Security Agreement and the other Security Documents are reaffirmed and remain in full force and effect after giving effect to this Amendment, (iii) the Obligations include, among other things and without limitation, the due and punctual payment of the principal of, interest on, and premium (if any) on, the Term Loans and (iv) except as expressly set forth herein, the execution of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or Lenders, constitute a waiver of any provision of any of the Credit Documents or serve to effect a novation of the Obligations.
SECTION 8.    Applicable Law.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL, EXCEPT AS OTHERWISE PROVIDED IN THE CREDIT AGREEMENT OR THE SECURITY DOCUMENTS, BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK.
SECTION 9.    Headings Descriptive.  The headings of the several Sections and subsections of this Amendment are inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this Amendment.
 [SIGNATURE PAGES FOLLOW]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.
OCI BEAUMONT LLC
	
			
	By:
	/s/ Frank Bakker

	 
	Name:
	Frank Bakker

	 
	Title:
	President

    
OCI USA INC.
	
			
	By:
	 

	 
	Name:
	Kevin Struve

	 
	Title:
	President and Secretary

OCI PARTNERS LP
	
			
	By:
	/s/ Frank Bakker

	 
	Name:
	Frank Bakker

	 
	Title:
	President and Chief Executive Officer

[OCI – Term Loan Credit Facility Amendment No. 7]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.
OCI BEAUMONT LLC
	
			
	By:
	 

	 
	Name:
	Frank Bakker

	 
	Title:
	President

    
OCI USA INC.
	
			
	By:
	/s/ Kevin Struve

	 
	Name:
	Kevin Struve

	 
	Title:
	President and Secretary

OCI PARTNERS LP
	
			
	By:
	 

	 
	Name:
	Frank Bakker

	 
	Title:
	President and Chief Executive Officer

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

BANK OF AMERICA, N.A.,  
as Administrative Agent 
	
			
	By:
	/s/ Patrick Devitt

	 
	Name:
	Patrick Devitt

	 
	Title:
	Vice President

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	AMMC CLO 15, LIMITED

	as a Lender

	BY: 
	American Money Management Corp., as Collateral Manager

	 
	 

	By:
	/s/ David P. Meyer

	 
	Name:
	David P. Meyer

	 
	Title:
	Senior Vice President

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	AMMC CLO 16, LIMITED

	as a Lender

	BY: 
	American Money Management Corp., as Collateral Manager

	 
	 

	By:
	/s/ David P. Meyer

	 
	Name:
	David P. Meyer

	 
	Title:
	Senior Vice President

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	AMMC CLO 17, LIMITED

	as a Lender

	BY: 
	American Money Management Corp., as Collateral Manager

	 
	 

	By:
	/s/ David P. Meyer

	 
	Name:
	David P. Meyer

	 
	Title:
	Senior Vice President

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	AMMC CLO IX, LIMITED

	as a Lender

	BY: 
	American Money Management Corp., as Collateral Manager

	 
	 

	By:
	/s/ David P. Meyer

	 
	Name:
	David P. Meyer

	 
	Title:
	Senior Vice President

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	AMMC CLO XI, LIMITED

	as a Lender

	BY: 
	American Money Management Corp., as Collateral Manager

	 
	 

	By:
	/s/ David P. Meyer

	 
	Name:
	David P. Meyer

	 
	Title:
	Senior Vice President

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	AMMC CLO XIII, LIMITED

	as a Lender

	BY: 
	American Money Management Corp., as Collateral Manager

	 
	 

	By:
	/s/ David P. Meyer

	 
	Name:
	David P. Meyer

	 
	Title:
	Senior Vice President

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	BATTALION CLO 2007-I, LTD

	as a Lender

	BY: 
	BRIGADE CAPITAL MANAGEMENT, LP As Collateral Manager

	 
	 

	By:
	/s/ James Keogh

	 
	Name:
	James Keogh

	 
	Title:
	Operations Manager

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	BATTALION CLO III, LTD

	as a Lender

	BY: 
	BRIGADE CAPITAL MANAGEMENT, LP As Collateral Manager

	 
	 

	By:
	/s/ James Keogh

	 
	Name:
	James Keogh

	 
	Title:
	Operations Manager

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Battalion CLO IV, LTD

	as a Lender

	BY: 
	BRIGADE CAPITAL MANAGEMENT, LP As Collateral Manager

	 
	 

	By:
	/s/ James Keogh

	 
	Name:
	James Keogh

	 
	Title:
	Operations Manager

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Battalion CLO IX, LTD

	as a Lender

	BY: 
	Brigade Capital Management, LP As Collateral Manager

	 
	 

	By:
	/s/ James Keogh

	 
	Name:
	James Keogh

	 
	Title:
	Operations Manager

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Battalion CLO V, LTD

	as a Lender

	BY: 
	BRIGADE CAPITAL MANAGEMENT, LP As Collateral Manager

	 
	 

	By:
	/s/ James Keogh

	 
	Name:
	James Keogh

	 
	Title:
	Operations Manager

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Battalion CLO VI, LTD

	as a Lender

	BY: 
	Brigade Capital Management, LP As Collateral Manager

	 
	 

	By:
	/s/ James Keogh

	 
	Name:
	James Keogh

	 
	Title:
	Operations Manager

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Battalion CLO VII, Ltd.

	as a Lender

	BY: 
	Brigade Capital Management, LP As Collateral Manager

	 
	 

	By:
	/s/ James Keogh

	 
	Name:
	James Keogh

	 
	Title:
	Operations Manager

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Battalion CLO VIII, Ltd.

	as a Lender

	BY: 
	BRIGADE CAPITAL MANAGEMENT, LP As Collateral Manager

	 
	 

	By:
	/s/ James Keogh

	 
	Name:
	James Keogh

	 
	Title:
	Operations Manager

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	JP Morgan Chase Retirement Plan

	as a Lender

	BY: 
	BRIGADE CAPITAL MANAGEMENT, LP As Collateral Manager

	 
	 

	By:
	/s/ James Keogh

	 
	Name:
	James Keogh

	 
	Title:
	Operations Manager

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	JPMC Retirement Plan Brigade Bank Loan

	as a Lender

	BY: 
	BRIGADE CAPITAL MANAGEMENT, LP As Collateral Manager

	 
	 

	By:
	/s/ James Keogh

	 
	Name:
	James Keogh

	 
	Title:
	Operations Manager

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Blue Shield of California

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Muir Woods CLO, Ltd.,

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Mercer Multi-Asset Growth Fund,

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin US Floating Rate Master Fund

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Nebraska Investment Council,

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Kansas Public Employees Retirement System

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Templeton Series II Funds-Franklin Upper Tier Floating Rate Fund,

	as a Lender

	 
	 

	By:
	/s/ Hague Van Dillen

	 
	Name:
	Hague Van Dillen

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Global Investment Funds- Franklin Upper Tier Floating Rate II Fund,

	as a Lender

	 
	 

	By:
	/s/ Hague Van Dillen

	 
	Name:
	Hague Van Dillen

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Global Investment Funds -Franklin Upper Tier Floating Rate III Fund,

	as a Lender

	 
	 

	By:
	/s/ Hague Van Dillen

	 
	Name:
	Hague Van Dillen

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Templeton Series II Funds - Franklin Floating Rate II Fund,

	as a Lender

	 
	 

	By:
	/s/ Madeline Lam

	 
	Name:
	Madeline Lam

	 
	Title:
	Asst. Vice President

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Floating Rate Master Trust - Franklin Floating Rate Master Series,

	as a Lender

	 
	 

	By:
	/s/ Madeline Lam

	 
	Name:
	Madeline Lam

	 
	Title:
	Asst. Vice President

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Limited Duration Income Trust,

	as a Lender

	 
	 

	By:
	/s/ Madeline Lam

	 
	Name:
	Madeline Lam

	 
	Title:
	Asst. Vice President

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Investors Securities Trust - Franklin Floating Rate Daily Access Fund,

	as a Lender

	 
	 

	By:
	/s/ Madeline Lam

	 
	Name:
	Madeline Lam

	 
	Title:
	Vice President

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Templeton Total Return FDP Fund of FDP Series, Inc.

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Commonwealth Fixed Interest Fund 17,

	as a Lender

	 
	 

	By:
	/s/ Hague Van Dillen

	 
	Name:
	Hague Van Dillen

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Met Investors Series Trust - Met/Franklin Low Duration Total Return Portfolio,

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Lincoln Variable Insurance Products Trust - LVIP Global Income Fund,

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Templeton Series II Funds - Franklin Multi - Sector Credit Income Fund,

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Floating Rate Master Trust - Franklin Middle Tier Floating Rate Fund,

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Bissett Core Plus Bond Fund,

	as a Lender

	 
	 

	By:
	/s/ Tom O'Gorman

	 
	Name:
	Tom O'Gorman

	 
	Title:
	SVP

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Strategic Series-Franklin Strategic Income Fund,

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Bissett Corporate Bond Fund,

	as a Lender

	 
	 

	By:
	/s/ Tom O'Gorman

	 
	Name:
	Tom O'Gorman

	 
	Title:
	SVP

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Investors Securities Trust - Franklin Total Return Fund,

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Strategic Income Fund (Canada),

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Bissett Canadian Short Term Bond Fund,

	as a Lender

	 
	 

	By:
	/s/ Tom O'Gorman

	 
	Name:
	Tom O'Gorman

	 
	Title:
	SVP

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Templeton Variable Insurance Products Trust-Franklin Strategic Income VIP Fund,

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Investors Securities Trust-Franklin Real Return Fund,

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Franklin Investors Securities Trust-Franklin Low Duration Total Return Fund,

	as a Lender

	 
	 

	By:
	/s/ Alex Guang Yu

	 
	Name:
	Alex Guang Yu

	 
	Title:
	Authorized Signatory

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	CATAMARAN CLO 2012-LTD.,

	as a Lender

	 
	 

	By:
	/s/ Daniel P. Gilligan

	 
	Name:
	Daniel P. Gilligan

	 
	Title:
	Vice President

	 
	 
	Trimaran Advisors, L.L.C.

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	CATAMARAN CLO 2013-1 LTD.,

	as a Lender

	 
	 

	By:
	/s/ Daniel P. Gilligan

	 
	Name:
	Daniel P. Gilligan

	 
	Title:
	Vice President

	 
	 
	Trimaran Advisors, L.L.C.

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	CATAMARAN CLO 2014-1 LTD.,

	as a Lender

	 
	 

	By:
	/s/ Daniel P. Gilligan

	 
	Name:
	Daniel P. Gilligan

	 
	Title:
	Vice President

	 
	 
	Trimaran Advisors, L.L.C.

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	CATAMARAN CLO 2014-2 LTD.,

	as a Lender

	 
	 

	By:
	/s/ Daniel P. Gilligan

	 
	Name:
	Daniel P. Gilligan

	 
	Title:
	Vice President

	 
	 
	Trimaran Advisors, L.L.C.

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	CATAMARAN CLO 2015-1 LTD.,

	as a Lender

	 
	 

	By:
	/s/ Daniel P. Gilligan

	 
	Name:
	Daniel P. Gilligan

	 
	Title:
	Vice President

	 
	 
	Trimaran Advisors, L.L.C.

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	KATONAH 2007-I CLO LTD.,

	as a Lender

	 
	 

	By:
	/s/ Daniel Gilligan

	 
	Name:
	Daniel Gilligan

	 
	Title:
	Authorized Officer

	 
	 
	Katonah Debt Advisors, L.L.C.

	 
	 
	As Manager

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Fire and Police Pension Fund, San Antonio

	as a Lender

	BY: 
	PineBridge Investments LLC Its Investment Manager

	 
	 

	By:
	/s/ Steven Oh

	 
	Name:
	Steven Oh

	 
	Title:
	Managing Director

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Galaxy XIX CLO, Ltd.

	as a Lender

	BY: 
	PineBridge Investments LLC, as Collateral Manager

	 
	 

	By:
	/s/ Steven Oh

	 
	Name:
	Steven Oh

	 
	Title:
	Managing Director

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Galaxy XX CLO, Ltd.

	as a Lender

	BY: 
	PineBridge Investments LLC, as Collateral Manager

	 
	 

	By:
	/s/ Steven Oh

	 
	Name:
	Steven Oh

	 
	Title:
	Managing Director

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	PineBridge Senior Secured Loan Fund Ltd.

	as a Lender

	BY: 
	PineBridge Investments LLC, Its Investment Manager

	 
	 

	By:
	/s/ Steven Oh

	 
	Name:
	Steven Oh

	 
	Title:
	Managing Director

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Stichting Blue Sky Active Fixed Income US Leveraged Loan Fund

	as a Lender

	By: 
	PineBridge Investments LLC, Its Investment Manager

	 
	 

	By:
	/s/ Steven Oh

	 
	Name:
	Steven Oh

	 
	Title:
	Managing Director

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	LCM X Limited Partnership

	By: 
	LCM Asset Management LLC As Collateral Manager

	as a Lender

	 
	 

	By:
	/s/ Alexander B. Kenna

	 
	Name:
	Alexander B. Kenna

	 
	Title:
	LCM Asset Management LLC

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	LCM XI Limited Partnership

	By: 
	LCM Asset Management LLC As Collateral Manager

	as a Lender

	 
	 

	By:
	/s/ Alexander B. Kenna

	 
	Name:
	Alexander B. Kenna

	 
	Title:
	LCM Asset Management LLC

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	LCM XII Limited Partnership

	By: 
	LCM Asset Management LLC As Collateral Manager

	as a Lender

	 
	 

	By:
	/s/ Alexander B. Kenna

	 
	Name:
	Alexander B. Kenna

	 
	Title:
	LCM Asset Management LLC

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	LCM XIII Limited Partnership

	By: 
	LCM Asset Management LLC As Collateral Manager

	as a Lender

	 
	 

	By:
	/s/ Alexander B. Kenna

	 
	Name:
	Alexander B. Kenna

	 
	Title:
	LCM Asset Management LLC

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	LCM XIV Limited Partnership

	By: 
	LCM Asset Management LLC As Collateral Manager

	as a Lender

	 
	 

	By:
	/s/ Alexander B. Kenna

	 
	Name:
	Alexander B. Kenna

	 
	Title:
	LCM Asset Management LLC

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	LCM XV Limited Partnership

	By: 
	LCM Asset Management LLC As Collateral Manager

	as a Lender

	 
	 

	By:
	/s/ Alexander B. Kenna

	 
	Name:
	Alexander B. Kenna

	 
	Title:
	LCM Asset Management LLC

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	LCM XVI Limited Partnership

	By: 
	LCM Asset Management LLC As Collateral Manager

	as a Lender

	 
	 

	By:
	/s/ Alexander B. Kenna

	 
	Name:
	Alexander B. Kenna

	 
	Title:
	LCM Asset Management LLC

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	LCM XVII Limited Partnership

	By: 
	LCM Asset Management LLC As Collateral Manager

	as a Lender

	 
	 

	By:
	/s/ Alexander B. Kenna

	 
	Name:
	Alexander B. Kenna

	 
	Title:
	LCM Asset Management LLC

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	LCM XVIII Limited Partnership

	By: 
	LCM Asset Management LLC As Collateral Manager

	as a Lender

	 
	 

	By:
	/s/ Alexander B. Kenna

	 
	Name:
	Alexander B. Kenna

	 
	Title:
	LCM Asset Management LLC

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	LCM XIX Limited Partnership

	By: 
	LCM Asset Management LLC As Collateral Manager

	as a Lender

	 
	 

	By:
	/s/ Alexander B. Kenna

	 
	Name:
	Alexander B. Kenna

	 
	Title:
	LCM Asset Management LLC

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	LCM XX Limited Partnership

	By: 
	LCM Asset Management LLC As Collateral Manager

	as a Lender

	 
	 

	By:
	/s/ Alexander B. Kenna

	 
	Name:
	Alexander B. Kenna

	 
	Title:
	LCM Asset Management LLC

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	OCP CLO 2012-2, Ltd.

	By: 
	Onex Credit Partners, LLC, as Collateral Manager

	as a Lender

	 
	 

	By:
	/s/ Paul Travers

	 
	Name:
	Paul Travers

	 
	Title:
	Portfolio Manager

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	OCP CLO 2013-3, Ltd.

	By: 
	Onex Credit Partners, LLC, as Portfolio Manager

	as a Lender

	 
	 

	By:
	/s/ Paul Travers

	 
	Name:
	Paul Travers

	 
	Title:
	Portfolio Manager

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	OCP CLO 2013-4, Ltd.

	By: 
	Onex Credit Partners, LLC, as Portfolio Manager

	as a Lender

	 
	 

	By:
	/s/ Paul Travers

	 
	Name:
	Paul Travers

	 
	Title:
	Portfolio Manager

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	OCP CLO 2014-5, Ltd.

	By: 
	Onex Credit Partners, LLC, as Portfolio Manager

	as a Lender

	 
	 

	By:
	/s/ Paul Travers

	 
	Name:
	Paul Travers

	 
	Title:
	Portfolio Manager

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	OCP CLO 2014-6, Ltd.

	By: 
	Onex Credit Partners, LLC, as Portfolio Manager

	as a Lender

	 
	 

	By:
	/s/ Paul Travers

	 
	Name:
	Paul Travers

	 
	Title:
	Portfolio Manager

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	OCP CLO 2015-8, Ltd.

	By: 
	Onex Credit Partners, LLC, as Portfolio Manager

	as a Lender

	 
	 

	By:
	/s/ Paul Travers

	 
	Name:
	Paul Travers

	 
	Title:
	Portfolio Manager

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	OCP CLO 2015-9, Ltd.

	By: 
	Onex Credit Partners, LLC, as Portfolio Manager

	as a Lender

	 
	 

	By:
	/s/ Paul Travers

	 
	Name:
	Paul Travers

	 
	Title:
	Portfolio Manager

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	OCP CLO 2015-10, Ltd.

	By: 
	Onex Credit Partners, LLC, as Portfolio Manager

	as a Lender

	 
	 

	By:
	/s/ Paul Travers

	 
	Name:
	Paul Travers

	 
	Title:
	Portfolio Manager

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	OCP CLO 2016-11, Ltd.

	By: 
	Onex Credit Partners, LLC, as Portfolio Manager

	as a Lender

	 
	 

	By:
	/s/ Paul Travers

	 
	Name:
	Paul Travers

	 
	Title:
	Portfolio Manager

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Sound Point CLO IV, Ltd

	as a Lender

	BY: 
	Sound Point Capital Management, LP as Collateral Manager

	 
	 

	By:
	/s/ Misha Shah

	 
	Name:
	Misha Shah

	 
	Title:
	CLO Operations Associate

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Sound Point CLO IX, Ltd.

	as a Lender

	 
	 

	 
	 

	By:
	/s/ Misha Shah

	 
	Name:
	Misha Shah

	 
	Title:
	CLO Operations Associate

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Sound Point CLO V, Ltd.

	as a Lender

	BY:
	Sound Point Capital Management, LP as Collateral Manager

	 
	 

	By:
	/s/ Misha Shah

	 
	Name:
	Misha Shah

	 
	Title:
	CLO Operations Associate

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Sound Point CLO XII, Ltd.

	as a Lender

	BY:
	Sound Point Capital Management, LP as Collateral Manager

	 
	 

	By:
	/s/ Misha Shah

	 
	Name:
	Misha Shah

	 
	Title:
	CLO Operations Associate

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Telos CLO 2013-3, Ltd.,

	as a Lender

	Managed by Telos Asset Management LLC

	 
	 

	By:
	/s/ Ro Toyoshima

	 
	Name:
	Ro Toyoshima

	 
	Title:
	Managing Director

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Telos CLO 2013-4, Ltd.,

	as a Lender

	Managed by Telos Asset Management LLC

	 
	 

	By:
	/s/ Ro Toyoshima

	 
	Name:
	Ro Toyoshima

	 
	Title:
	Managing Director

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Telos CLO 2014-5, Ltd.,

	as a Lender

	Managed by Telos Asset Management LLC

	 
	 

	By:
	/s/ Ro Toyoshima

	 
	Name:
	Ro Toyoshima

	 
	Title:
	Managing Director

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Telos CLO 2014-6, Ltd.,

	as a Lender

	Managed by Telos Asset Management LLC

	 
	 

	By:
	/s/ Ro Toyoshima

	 
	Name:
	Ro Toyoshima

	 
	Title:
	Managing Director

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Telos CLO 2016-7, Ltd.,

	as a Lender

	Managed by Telos Asset Management LLC

	 
	 

	By:
	/s/ Ro Toyoshima

	 
	Name:
	Ro Toyoshima

	 
	Title:
	Managing Director

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Telos COF I, LLC,

	as a Lender

	Managed by Telos Asset Management LLC

	 
	 

	By:
	/s/ Ro Toyoshima

	 
	Name:
	Ro Toyoshima

	 
	Title:
	Managing Director

	 
	 
	 

	 
	 
	 

	If a second signature is necessary:

	 
	 
	 

	By:
	 

	 
	Name:
	 

	 
	Title:
	 

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Oppenheimer Senior Floating Rate Fund,

	as a Lender (type name of legal entity)

	 

	 
	 

	By:
	/s/ Janet Harrison

	 
	Name:
	Janet Harrison

	 
	Title:
	Associate

	 
	 
	Brown Brothers Harriman & Co. acting as agent for OppenheimerFunds, Inc.

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Oppenheimer Senior Floating Rate Plus Fund,

	as a Lender (type name of legal entity)

	 

	 
	 

	By:
	/s/ Janet Harrison

	 
	Name:
	Janet Harrison

	 
	Title:
	Associate

	 
	 
	Brown Brothers Harriman & Co. acting as agent for OppenheimerFunds, Inc.

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Catlin Underwriting Agencies LTD,

	as a Lender (type name of legal entity)

	 

	 
	 

	By:
	/s/ Janet Harrison

	 
	Name:
	Janet Harrison

	 
	Title:
	Associate

	 
	 
	Brown Brothers Harriman & Co. acting as agent for OppenheimerFunds, Inc.

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Catlin RE Switzerland LTD,

	as a Lender (type name of legal entity)

	 

	 
	 

	By:
	/s/ Janet Harrison

	 
	Name:
	Janet Harrison

	 
	Title:
	Associate

	 
	 
	Brown Brothers Harriman & Co. acting as agent for OppenheimerFunds, Inc.

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Oppenheimer Fundamental Alternatives Fund,

	as a Lender (type name of legal entity)

	 

	 
	 

	By:
	/s/ Janet Harrison

	 
	Name:
	Janet Harrison

	 
	Title:
	Associate

	 
	 
	Brown Brothers Harriman & Co. acting as agent for OppenheimerFunds, Inc.

[Signature Page to OCI Beaumont LLC - Amendment No. 7]

	
			
	Oppenheimer Master Loan Fund, LLC,

	as a Lender (type name of legal entity)

	 

	 
	 

	By:
	/s/ Janet Harrison

	 
	Name:
	Janet Harrison

	 
	Title:
	Associate

	 
	 
	Brown Brothers Harriman & Co. acting as agent for OppenheimerFunds, Inc.

[Signature Page to OCI Beaumont LLC - Amendment No. 7]Exhibit

THIS AMENDED AND RESTATED INTERCOMPANY TERM FACILITY AGREEMENT (this “Agreement”) is made effective November 30, 2016.
BETWEEN
		
	(1)
	OCI USA Inc., a company incorporated under the laws of the State of Delaware, having its registered office at 1209 Orange Street, Wilmington, Delaware, 19801, with filing number 4940164  (together with its successors and assigns, the “Lender”)

AND
		
	(2)
	OCI BEAUMONT LLC, a limited liability company formed under the laws of the State of Texas (the “Borrower”).

WHEREAS, OCI Fertilizer International B.V. and the Borrower previously entered into that certain loan agreement dated September 15, 2013 (as amended, restated, supplemented, or otherwise modified from time to time, the “September 2013 Loan Agreement”);
WHEREAS, the Borrower and OCI Fertilizer International B.V. have terminated the September 2013 Loan Agreement in connection with the Lender and the Borrower entering into an Intercompany Term Facility Agreement effective September 15, 2016 (the “Original Intercompany Term Facility Agreement”);
 WHEREAS, the Borrower and Lender desire to amend and restate the Original Intercompany Term Facility Agreement as of the date hereof in the form of this Agreement;
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:
IT IS AGREED as follows:
		
	1.
	DEFINITIONS 

“Acceleration Notice” has the meaning set forth in Section 7.2.
“Bankruptcy Law” means the applicable bankruptcy laws of the United States or any other applicable jurisdiction.
“Borrowing” has the meaning set forth in Section 2.2.
“Business Day” means a day (other than a Saturday or Sunday) on which banks are generally open for business in New York, New York.
"Credit Agreement" has the meaning set forth in Section 5.1.

1

US-DOCS\73716787.2

 

“Custodian” means any receiver, trustee, assignee, liquidator, sequestrator or similar office under any Bankruptcy Law.
“Effective Date” means November [30], 2016.
“Event of Default” means any of the occurrences specified under Section 7.1 of this Agreement.
“Interest Payment Date” has the meaning set forth in Section 5.2. 
“Loan” means an unsecured term loan in an aggregate amount not to exceed two hundred million dollars (USD $200,000,000) made available under this Agreement as described in Section 2.
“Maturity Date” has the meaning set forth in Section 3.
“Permitted Use” has the meaning set forth in Section 2.4.
		
	2.
	BORROWINGS; PAYMENT OF PRINCIPAL AND INTEREST; PURPOSE

		
	2.1
	From and after the Effective Date, the Lender agrees to lend to the Borrower an amount of up to USD 200,000,000 (two hundred million dollars) to be made available at the request of the Borrower from time to time, subject to the terms and conditions of this Agreement.  It is hereby agreed that as of the Effective Date, amounts outstanding between the parties shall be deemed Borrowings under the Loan pursuant to the terms and conditions of this Agreement.

		
	2.2
	Subject to the aggregate limit of $200,000,000 and the other terms and conditions of this Agreement, and provided that no Event of Default (as defined herein) shall have occurred and be continuing, within two (2) Business Days following Borrower’s request to Lender (or such longer time as the Borrower and the Lender shall agree), the Lender will advance to the Borrower such requested amount (each, a “Borrowing”).  

		
	2.3
	The Borrower shall repay the Lender the aggregate principal amount of the Loans or so much thereof as may be borrowed from or owing to the Lender (and not repaid or prepaid by the Borrower), together with accrued interest thereon and fees in relation thereto, each calculated and payable as and to the extent set forth below.  Such principal and interest are payable in lawful money of the United States of America in immediately available funds at the Lender’s address or in such other manner as the Lender may from time to time advise the Borrower in writing.

		
	2.4
	The Borrower covenants to the Lender that the Borrower shall use each Borrowing solely for general corporate or working capital purposes and not in violation of applicable laws (the “Permitted Use”).

2

US-DOCS\73716787.2

 

		
	2.5
	The Lender shall record in its books and records the date and amount of each Borrowing, and each prepayment of principal hereunder and agrees that all such notations shall constitute prima facie evidence of the matters noted absent manifest error. No failure to make any such recordations, nor any errors in making any such recordations, shall affect the validity of this Agreement or the obligations hereunder.

		
	3.
	REPAYMENT

The principal balance of, and any accrued and unpaid interest on and fees in relation to, the Loans shall be repayable in full by the Borrower to the Lender on January 20, 2020 (the “Maturity Date”).  Any payment hereunder which, but for this Section 3 or Section 5 below, would be payable on a day which is not a Business Day, shall instead be due and payable on the Business Day next following such date for payment.  All payments made in respect of this Agreement shall be required to be made only net of the amount of taxes required to be withheld from such payments, and the amounts so required to be withheld by the Borrower shall be withheld and paid over to the applicable governmental authority as required by law.
		
	4.
	PREPAYMENT

		
	4.1
	The Borrower may, at its option at any time, without premium or penalty, prepay all or any portion of the Loan.  Any amount of the Loan that is prepaid may not be reborrowed. 

		
	4.2
	Any prepayment of the Loan shall be applied as follows: first, to payment of accrued interest and fees; and second, to payment of principal.

		
	5.
	INTEREST; FEES

		
	5.1
	From the Effective Date, the Borrower shall pay interest on the Loan at the rate equal to the sum of (a) the rate per annum applicable to the Term B-3 Loans under the Credit Agreement dated August 20, 2013 (as amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement") by and among, inter alia, OCI Beaumont LLC, a Texas limited liability company, OCI USA Inc., a Delaware corporation, and Bank of America N.A. as administrative agent (including as such per annum rate may fluctuate from time to time in accordance with the terms of the Credit Agreement (as amended)), plus (b) 25 basis points. 

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	5.2
	Interest on the principal balance shall be computed in the manner set forth in the Credit Agreement.  Such interest shall be paid on or before the date that is two Business Days after each payment of interest under the Credit Agreement (each, an “Interest Payment Date”) either (a) in cash (to the extent the Borrower has elected to do so on or prior to such day) (“Cash Interest”), or (b) in-kind (if no such election been made and/or Cash Interest has not been paid) (“PIK Interest”), on which date (in the case of PIK Interest) such accrued interest shall be added to the principal amount of the Loan outstanding and accrue interest as set forth herein.

		
	6.
	DURATION

This Agreement shall terminate automatically on the Maturity Date.
		
	7.
	EVENTS OF DEFAULT; REMEDIES 

		
	7.1
	The following shall constitute “Events of Default” under this Agreement:

		
	7.1.1
	Failure by the Borrower to make any payment required under this Agreement when the same becomes due and payable (whether at maturity, by acceleration or otherwise) and the continuation of such failure for a period of thirty (30) days thereafter;

		
	7.1.2
	the Borrower voluntarily liquidates;

		
	7.1.3
	the Borrower pursuant to or within the meaning of any Bankruptcy Law:

		
	(a)
	commences a voluntary case or proceeding;

		
	(b)
	consents to the entry of an order for relief against it in an involuntary case or proceeding;

		
	(c)
	consents to the appointment of a Custodian of it or for all or substantially all of its property;

		
	(d)
	makes general assignment for the benefit of its creditors;

		
	(e)
	generally is unable to pay its debts as they become due; 

		
	7.1.4
	a court of competent jurisdiction enters an order or decree (that remains unstayed and in effect for sixty (60) days) under any Bankruptcy Law that:

		
	(a)
	is for relief against the Borrower in an involuntary case or proceeding;

		
	(b)
	appoints a Custodian of the Borrower or for all or substantially all of its property; or

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	(c)
	orders the liquidation of Borrower; 

		
	7.1.5
	the Borrower uses a Borrowing for any purpose other than a Permitted Use; or

		
	7.1.6
	any representation or warranty made in this Agreement or in any certificate or statement given to the Lender pursuant to this Agreement is determined to be false in any material respect as of the date made.

		
	7.2
	If an Event of Default specified in Section 7.1.1, Section 7.1.5 or Section 7.1.6 shall have occurred and be continuing, the Lender may, at its option, by notice in writing to the Borrower (the “Acceleration Notice”), declare the termination of this Agreement and the entire outstanding principal amount of the Loans and the interest accrued thereon to be due and payable, and upon any such declaration the same shall become due and payable at such time and Lender’s obligations to provide Borrowings pursuant to this Agreement shall terminate.  If an Event of Default specified in Section 7.1.2, 7.1.3 or 7.1.4 hereof occurs, this Agreement shall automatically terminate and the principal balance of the Loans and the accrued and unpaid interest thereon shall become due and payable immediately without any declaration or other act on the part of the Lender and without presentment, demand, protest or other notice or action of any kind, all of which are hereby expressly waived.

If any Event of Default shall have occurred and be continuing, the Lender may proceed to protect and enforce its rights either by suit in equity or by action at law, or both, whether for specific performance of any provision of this Agreement or in aid of the exercise of any power granted to the Lender under this Agreement
		
	8.
	COMPLIANCE WITH LAWS AND REGULATIONS; USURY

		
	8.1
	The validity of any provision of this Agreement shall be contingent on the compliance of such provision with the applicable laws and regulations in force at the time of execution of the transactions provided for herein.  Should any provision of this Agreement conflict with any applicable law or regulation, the parties shall consult one another on the future of this Agreement and, having due regard to the spirit governing their relations, shall endeavour to amend it to comply with the applicable laws and regulations.

		
	8.2
	Nothing contained in this Agreement shall be deemed to establish or require the payment of a rate of interest in excess of the maximum rate legally enforceable.  If the rate of interest called for under this Agreement at any time exceeds the maximum rate legally enforceable, the rate of interest required to be paid hereunder shall be automatically reduced to the maximum rate legally enforceable.  If such interest rate is so reduced and thereafter the maximum rate legally enforceable is increased, the rate of interest required to be paid hereunder shall be automatically increased to the lesser of the maximum rate legally enforceable and the rate otherwise provided for in this Agreement.

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	9.
	ASSIGNMENTS AND TRANSFERS

The rights and obligations of the Borrower under this Agreement may not be assigned or transferred by the Borrower without the written consent of the Lender.  The rights and obligations of the Lender under this Agreement may be assigned or transferred, in whole or in part, by the Lender and may be pledged by the Lender as security for any obligations owed the Lender to any third party.
		
	10.
	NOTICES

Notices shall be sent by established international courier to the address of the relevant party as set out in this Agreement, and shall be deemed to be delivered on the second Business Day after the date of posting.  Notice shall be delivered as follows:
If to the Borrower:
OCI Beaumont LLC 
P.O. Box 1647, 
5470 N. Twin City Hwy,
Nederland, Texas 77627
Attention:  Fady Kiama
Facsimile No.:  (832) 747-9969 

If to the Lender:
OCI USA Inc. 
660 Madison Ave. Ste. 1903 
New York, NY 10065
Attention: Kevin Struve
Facsimile No.: (646) 589-6181

		
	11.
	AMENDMENTS

This Agreement may be amended only by written instrument signed by both of the parties hereto.
		
	12.
	GOVERNING LAW

This Agreement is governed by the laws of the State of New York without giving effect to any conflicts of laws principles thereof that would otherwise require the application of the law of any other jurisdiction.

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	13.
	ENFORCEMENT

The courts of the State of New York have exclusive jurisdiction to settle any dispute arising out of or in connection with this Agreement (including a dispute regarding the existence, validity or termination of this Agreement).
		
	14.
	EXECUTION

This Agreement may be executed in counterparts.  If so, the signature pages of the parties hereto together shall constitute the same instrument.
		
	15.
	ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof.  Upon execution, this Agreement shall replace and supersede the terms of all prior loan agreements between the parties.  
		
	16.
	REPRESENTATIONS AND WARRANTIES OF THE BORROWER.  

The Borrower hereby represents and warrants to the Lender that: (a) the Borrower is duly organized, validly existing and in good standing (if applicable) under the laws of the State of Texas; (b) the Borrower has duly authorized, executed and delivered this Agreement; (c) this Agreement constitutes a legally valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms; (d) except where such failure could not reasonably be expected to have a material adverse effect on the ability of the Borrower to perform its payment obligations under this Agreement (a “Material Adverse Effect”), the execution, delivery, and performance by the Borrower of this Agreement will not violate any provision of any law or governmental regulation applicable to the Borrower, or the or organizational documents of the Borrower, or result in the imposition of any lien upon any of the properties or assets of the Borrower; (e) the execution, delivery, and performance by the Borrower of this Agreement does not and will not require any governmental approval or consent or authorization of, filing with or notice to any governmental authority except for such consents, authorizations, filings and notices that have been obtained or made and are in full force and effect or the failure of which to obtain or make would not reasonably be expected to have a Material Adverse Effect; (f) the Borrower is in compliance with any law or governmental regulation applicable to the Borrower in respect of the conduct of its business and the ownership of its properties, except such compliance that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect; and (g) upon execution of this Agreement, the Borrower has not incurred and does not intend to incur, or believe that it will incur, debts beyond its ability to pay as such debts mature.

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	17.
	SUBORDINATION  

		
	17.1
	The Lender hereby subordinates its right to payment and satisfaction of the obligations of every kind owing by the Borrower to the Lender under this Agreement, including principal, interest and fees, whether now existing or hereafter arising, and the payment thereof, directly or indirectly, by any means whatsoever, is deferred, to the payment in full of all obligations under the Credit Agreement.  

		
	17.2
	The Lender and the Borrower hereby acknowledge that following an event of default under the Credit Agreement, the Borrower may not be permitted to make any payments under this Agreement to the Lender, unless otherwise expressly permitted by the terms of the Credit Agreement.  Any such payments made and received by the Lender in violation of the terms of the Credit Agreement will be held in trust and not commingled with its other assets any payment received under this Agreement in violation of the foregoing, and shall promptly turn over any such payment to the lenders (or the agent therefor) under the Credit Agreement.

		
	18.
	AMENDMENT AND RESTATEMENT

This Agreement amends and restates, in its entirety, the Original Intercompany Term Facility Agreement.  

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SIGNATURE PAGE
The Lender 
OCI USA Inc.
Name:  Kevin Struve

Title:    President

Signature:  /s/ Kevin Struve

The Borrower 
OCI BEAUMONT LLC

Name:  Fady Kiama
Title:  Chief Financial Officer

Signature:  /s/ Fady Kiama

[Amended and Restated Intercompany Term Loan Facility]

US-DOCS\73716787.2

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