Document:

Second Lien Guarantee and Collateral Agreement

 Execution Version 
  
 Exhibit 10.21 
  
 SECOND LIEN GUARANTEE
AND COLLATERAL AGREEMENT 
  
 made by 
  
 each of the Grantors
(as defined herein) 
  
 in favor of 
  
 BNP PARIBAS, 
  
 as Administrative Agent 
  
 Dated as of July 7, 2005 
  
 ALL LIENS GRANTED BY THIS INSTRUMENT SHALL, TO THE EXTENT SET FORTH IN ANNEX II OF THE SECOND
LIEN TERM LOAN AGREEMENT DATED JULY 7, 2005 BY AND AMONG ROSETTA RESOURCES INC., BNP PARIBAS, AS ADMINISTRATIVE AGENT AND TERM LENDERS PARTIES THERETO, BE SUBORDINATE AND JUNIOR TO ALL LIENS GRANTED BY GRANTOR TO SECURE THE SENIOR INDEBTEDNESS
REGARDLESS OF THE RELATIVE PRIORITY OF SUCH LIENS AS DETERMINED WITHOUT REGARD TO SUCH ANNEX II OF SUCH SECOND LIEN TERM LOAN AGREEMENT, THE PROVISIONS OF WHICH ANNEX II OF SUCH SECOND LIEN TERM LOAN AGREEMENT BEING INCORPORATED HEREIN AND BY THIS
REFERENCE BEING MADE A PART HEREOF. 

 TABLE OF CONTENTS 
  

							
	ARTICLE I Definitions	  	1
				
	 	  	Section 1.01	    	Definitions	  	1
	 	  	Section 1.02	    	Other Definitional Provisions; References	  	2
		
	ARTICLE II Guarantee	  	3
				
	 	  	Section 2.01	    	Guarantee	  	3
	 	  	Section 2.02	    	Payments	  	3
		
	ARTICLE III Grant of Security Interest	  	3
				
	 	  	Section 3.01	    	Grant of Security Interest	  	3
	 	  	Section 3.02	    	Transfer of Pledged Securities	  	5
	 	  	Section 3.03	    	Grantors Remains Liable under Accounts, Chattel Paper and Payment Intangibles	  	5
		
	ARTICLE IV Acknowledgments, Waivers and Consents	  	5
				
	 	  	Section 4.01	    	Acknowledgments, Waivers and Consents	  	5
	 	  	Section 4.02	    	No Subrogation, Contribution or Reimbursement	  	8
		
	ARTICLE V Representations and Warranties	  	8
				
	 	  	Section 5.01	    	Representations in Credit Agreement	  	8
	 	  	Section 5.02	    	Benefit to the Guarantor	  	8
	 	  	Section 5.03	    	Solvency	  	9
	 	  	Section 5.04	    	Perfected Priority Liens	  	9
	 	  	Section 5.05	    	Legal Name, Organizational Status, Chief Executive Office	  	9
	 	  	Section 5.06	    	Prior Names, Addresses	  	9
	 	  	Section 5.07	    	Pledged Securities	  	9
	 	  	Section 5.08	    	Truth of Information; Accounts	  	9
	 	  	Section 5.09	    	Governmental Obligors	  	10
		
	ARTICLE VI Covenants	  	10
				
	 	  	Section 6.01	    	Covenants in Credit Agreement	  	10
	 	  	Section 6.02	    	Maintenance of Perfected Security Interest; Further Documentation	  	10
	 	  	Section 6.03	    	Maintenance of Records	  	11
	 	  	Section 6.04	    	Right of Inspection	  	11
	 	  	Section 6.05	    	Further Identification of Collateral	  	11
	 	  	Section 6.06	    	Changes in Locations, Name, etc.	  	11
	 	  	Section 6.07	    	Limitations on Dispositions of Collateral	  	12
	 	  	Section 6.08	    	Pledged Securities	  	12
	 	  	Section 6.09	    	Instruments and Tangible Chattel Paper	  	13
	 	  	Section 6.10	    	Commercial Tort Claims	  	13
		
	ARTICLE VII Remedial Provisions	  	14
				
	 	  	Section 7.01	    	Pledged Securities	  	14
	 	  	Section 7.02	    	Collections on Accounts, Etc	  	15
	 	  	Section 7.03	    	Proceeds	  	15

  

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	 	  	Section 7.04	    	UCC and Other Remedies	  	16
	 	  	Section 7.05	    	Private Sales of Pledged Securities	  	17
	 	  	Section 7.06	    	Waiver; Deficiency	  	17
	 	  	Section 7.07	    	Non-Judicial Enforcement	  	17
	 	  	Section 7.08	    	Control Agreement	  	18
		
	ARTICLE VIII The Administrative Agent	  	18
				
	 	  	Section 8.01	    	Administrative Agent’s Appointment as Attorney-in-Fact, Etc	  	18
	 	  	Section 8.02	    	Duty of Administrative Agent	  	20
	 	  	Section 8.03	    	Execution of Financing Statements	  	20
	 	  	Section 8.04	    	Authority of Administrative Agent	  	21
		
	ARTICLE IX Subordination of Indebtedness	  	21
				
	 	  	Section 9.01	    	Subordination of All Guarantor Claims	  	21
	 	  	Section 9.02	    	Claims in Bankruptcy	  	21
	 	  	Section 9.03	    	Payments Held in Trust	  	21
	 	  	Section 9.04	    	Liens Subordinate	  	22
	 	  	Section 9.05	    	Notation of Records	  	22
		
	ARTICLE X Miscellaneous	  	22
				
	 	  	Section 10.01	    	Waiver	  	22
	 	  	Section 10.02	    	Notices	  	22
	 	  	Section 10.03	    	Indemnities, Etc	  	23
	 	  	Section 10.04	    	Amendments in Writing	  	23
	 	  	Section 10.05	    	Successors and Assigns	  	23
	 	  	Section 10.06	    	Invalidity	  	23
	 	  	Section 10.07	    	Counterparts	  	23
	 	  	Section 10.08	    	Survival	  	23
	 	  	Section 10.09	    	Captions	  	24
	 	  	Section 10.10	    	No Oral Agreements	  	24
	 	  	Section 10.11	    	Governing Law; Submission to Jurisdiction	  	24
	 	  	Section 10.12	    	Acknowledgments	  	25
	 	  	Section 10.13	    	Additional Grantors	  	25
	 	  	Section 10.14	    	Set-Off	  	26
	 	  	Section 10.15	    	Releases	  	26
	 	  	Section 10.16	    	Reinstatement	  	27
	 	  	Section 10.17	    	Acceptance	  	27

  
 SCHEDULES: 
  

	 	1.	Notice Addresses of Guarantors 

  

	 	2.	Description of Pledged Securities 

  

	 	3.	Filings and Other Actions Required to Perfect Security Interests 

  

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	 	4.	Legal Name, Location of Jurisdiction of Organization, Organizational Identification Number, Taxpayor Identification Number and Chief Executive Office 

  

	 	5.	Prior Names, Prior Chief Executive Office, Location of Tangible Assets 

  
 ANNEX: 
  

	 	I.	Form of Assumption Agreement 

  

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 This SECOND LIEN GUARANTEE AND COLLATERAL AGREEMENT, dated as of July 7, 2005, is made by Rosetta
Resources Inc., a corporation duly formed and existing under the laws of the State of Delaware (the “Borrower”), and each of the other signatories hereto other than the Administrative Agent (the Borrower and each of the other
signatories hereto other than the Administrative Agent, together with any other Subsidiary of the Borrower that becomes a party hereto from time to time after the date hereof, the “Grantors”), in favor of BNP Paribas, as
administrative agent (in such capacity, together with its successors in such capacity, the “Administrative Agent”), for the banks and other financial institutions (the “Lenders”) from time to time parties to the
Second Lien Term Loan Agreement, dated as of July 7, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the Lenders, the Administrative Agent and the other
Agents party thereto. 
  
 NOW, THEREFORE, in consideration of the
premises and to induce the Administrative Agent and the Lenders to enter into the Credit Agreement and to induce the Lenders to make their respective extensions of credit to the Borrower thereunder, each Grantor hereby agrees with the Administrative
Agent, for the ratable benefit of the Lenders, as follows: 
  
 ARTICLE I 
 Definitions 
  
 Section 1.01 Definitions. 
  
 (a) As used in this Agreement, each term defined above shall have the meaning indicated above. Unless otherwise defined herein, terms defined in the
Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement, and the following terms as well as all uncapitalized terms which are defined in the UCC on the date hereof are used herein as so defined: Accounts,
As-Extracted Collateral, Chattel Paper, Commercial Tort Claims, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, Fixtures, General Intangibles, Goods, Instruments, Inventory, Investment Property, Payment Intangibles, Proceeds,
Supporting Obligations, and Tangible Chattel Paper. 
  
 (b) The
following terms shall have the following meanings: 
  
 “Account Debtor” shall mean a Person (other than any Grantor) obligated on an Account, Chattel Paper, or General Intangible. 
  
 “Agreement” shall mean this Guarantee and Collateral Agreement, as the same may be amended, supplemented or otherwise modified from time
to time. 
  
 “Collateral” shall have the meaning
assigned such term in Section 3.01. 
  
 “Guarantors” shall mean, collectively, each Grantor other than the Borrower. 
  
 “Issuers” shall mean, collectively, each issuer of a Pledged Security. 
  
 “Obligations” shall mean, collectively, all Indebtedness, liabilities and obligations of the Borrower and
each Guarantor to the Administrative Agent and the Lenders, of whatsoever nature and howsoever evidenced, due or to become due, now existing or hereafter arising, whether 

 direct or indirect, absolute or contingent, which may arise under, out of, or in connection with the Credit Agreement,
the other Loan Documents and all other agreements, guarantees, notes and other documents entered into by any party in connection therewith, and any amendment, restatement or modification of any of the foregoing, including, but not limited to, the
full and punctual payment when due of any unpaid principal of the Loans, interest (including, without limitation, interest accruing at any post-default rate and interest accruing after the filing of any petition in bankruptcy, or the commencement of
any insolvency, reorganization or like proceeding, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), fees, reimbursement obligations, guaranty obligations, penalties, indemnities, legal and other fees,
charges and expenses, and amounts advanced by and expenses incurred in order to preserve any collateral or security interest, whether due after acceleration or otherwise. 
  
 “Pledged Securities” shall mean: (i) the Equity Interests described or referred to in Schedule 2; and (ii)
(a) the certificates or instruments, if any, representing such Equity Interests, (b) all dividends (cash, stock or otherwise), cash, instruments, rights to subscribe, purchase or sell and all other rights and property from time to time received,
receivable or otherwise distributed in respect of or in exchange for any or all of such Equity Interests, (c) all replacements, additions to and substitutions for any of the property referred to in this definition, including, without limitation,
claims against third parties, (d) the proceeds, interest, profits and other income of or on any of the property referred to in this definition and (e) all books and records relating to any of the property referred to in this definition. 

 
 “Secured Parties” shall mean, collectively, the
Administrative Agent and the Lenders. 
  
 “Securities
Act” shall mean the Securities Act of 1933, as amended. 
  
 “UCC” shall mean the Uniform Commercial Code as from time to time in effect in the State of New York; provided, however, that, in the event that, by reason of mandatory provisions of law, any of the attachment, perfection
or priority of the Administrative Agent’s and the Guaranteed Creditors’ security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, the term
“UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such attachment, perfection, the effect thereof or priority and for purposes of definitions related to
such provisions. 
  
 Section 1.02 Other Definitional
Provisions; References. The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. The gender of all words shall include the masculine, feminine, and neuter, as appropriate. The
words “herein,” “hereof,” “hereunder” and other words of similar import when used in this Agreement refer to this Agreement as a whole, and not to any particular article, section or subsection. Any reference herein to a
Section shall be deemed to refer to the applicable Section of this Agreement unless otherwise stated herein. Any reference herein to an exhibit, schedule or annex shall be deemed to refer to the applicable exhibit, schedule or annex attached hereto
unless otherwise stated herein. Where the context requires, terms relating to the Collateral or any part thereof, when used in relation to a Grantor, shall refer to such Grantor’s Collateral or the relevant part thereof. 
  

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 ARTICLE II 
 Guarantee 
  
 Section 2.01
Guarantee. 
  
 (a) Each of the Guarantors hereby, jointly
and severally, unconditionally and irrevocably, guarantees to the Administrative Agent, for the ratable benefit of the Secured Parties and each of their respective successors, endorsees, transferees and assigns, the prompt and complete payment and
performance by the Borrower and the Guarantors when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations. This is a guarantee of payment and not collection and the liability of each Guarantor is primary and not
secondary. 
  
 (b) Anything herein or in any other Loan Document
to the contrary notwithstanding, the maximum liability of each Guarantor hereunder and under the other Loan Documents shall in no event exceed the amount which can be guaranteed by such Guarantor under applicable federal and state laws relating to
the insolvency of debtors. 
  
 (c) Each Guarantor agrees that the
Obligations may at any time and from time to time exceed the amount of the liability of such Guarantor hereunder without impairing the guarantee contained in this Article II or affecting the rights and remedies of the Administrative Agent or any
Secured Party hereunder. 
  
 (d) Each Guarantor agrees that if the
maturity of any of the Obligations is accelerated by bankruptcy or otherwise, such maturity shall also be deemed accelerated for the purpose of this guarantee without demand or notice to such Guarantor. The guarantee contained in this Article II
shall remain in full force and effect until all the Obligations shall have been satisfied by payment in full. 
  
 (e) No payment made by the Borrower, any of the Guarantors, any other guarantor or any other Person or received or collected by the Administrative Agent
or any other Secured Party from the Borrower, any of the Guarantors, any other guarantor or any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in
payment of the Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of any Guarantor hereunder which shall, notwithstanding any such payment (other than any payment made by such Guarantor in respect of the
Obligations or any payment received or collected from such Guarantor in respect of the Obligations), remain liable for the Obligations up to the maximum liability of such Guarantor hereunder until the Obligations are paid in full. 
  
 Section 2.02 Payments. Each Guarantor hereby agrees and guarantees
that payments hereunder will be paid to the Administrative Agent without set-off or counterclaim in Dollars at the Principal Office of the Administrative Agent specified pursuant to the Credit Agreement. 
  
 ARTICLE III 
 Grant of Security Interest 
  
 Section 3.01 Grant of Security Interest. Each Grantor hereby pledges, assigns and transfers to the Administrative Agent, and grants to the Administrative Agent, for the ratable 
  

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 benefit of the Secured Parties, a security interest in all of the following property now owned or at any time hereafter
acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest and whether now existing or hereafter coming into existence (collectively, the “Collateral”), as
collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations: 
  
 (1) all Accounts; 
  

(2) all Chattel Paper (whether Tangible Chattel Paper or Electronic Chattel Paper); 
  
 (3) all Commercial Tort Claims; 
  
 (4) that certain deposit account that is the Margin Account
(as defined in the Credit Agreement); 
  
 (5) all
Documents; 
  
 (6) all General Intangibles;

  
 (7) all Goods (including, without limitation,
all Inventory and all Equipment, but excluding all Fixtures); 
  
 (8) all Instruments; 
  
 (9) all Pledged Securities; 
  
 (10) all
Supporting Obligations; 
  
 (11) all books and
records pertaining to the Collateral; and 
  
 (12) to the extent not otherwise included, all Proceeds and products of any and all of the foregoing and all collateral security, income, royalties and other payments now or hereafter due and payable with respect to, and guarantees and
supporting obligations relating to, any and all of the Collateral and, to the extent not otherwise included, all payments of insurance (whether or not the Administrative Agent is the loss payee thereof), or any indemnity, warranty or guaranty,
payable by reason of loss or damage to or otherwise with respect to any of the foregoing Collateral, all other claims, including all cash, guarantees and other Supporting Obligations given with respect to any of the foregoing. 
  

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 Section 3.02 Transfer of Pledged Securities. Upon the termination of all loans and commitments
under the Senior Revolving Credit Documents, all certificates and instruments, if any, representing or evidencing the Pledged Securities shall be delivered to and held pursuant hereto by the Administrative Agent or a Person designated by the
Administrative Agent and, in the case of an instrument or certificate in registered form, shall be duly indorsed to the Administrative Agent or in blank by an effective endorsement (whether on the certificate or instrument or on a separate writing),
and accompanied by any required transfer tax stamps to effect the pledge of the Pledged Securities to the Administrative Agent. Notwithstanding the preceding sentence, all Pledged Securities must be delivered or transferred in such manner, and each
Grantor shall take all such further action as may be requested by the Administrative Agent, as to permit the Administrative Agent to be a “protected purchaser” to the extent of its security interest as provided in Section 8-303 of the UCC
(if the Administrative Agent otherwise qualifies as a protected purchaser). 
  
 Section 3.03 Grantors Remains Liable under Accounts, Chattel Paper and Payment Intangibles. Anything herein to the contrary notwithstanding, each Grantor shall remain liable under each of the Accounts, Chattel
Paper and Payment Intangibles to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise to each such Account, Chattel Paper or Payment
Intangible. Neither the Administrative Agent nor any other Secured Party shall have any obligation or liability under any Account, Chattel Paper or Payment Intangible (or any agreement giving rise thereto) by reason of or arising out of this
Agreement or the receipt by the Administrative Agent or any such other Secured Party of any payment relating to such Account, Chattel Paper or Payment Intangible, pursuant hereto, nor shall the Administrative Agent or any other Secured Party be
obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Account, Chattel Paper or Payment Intangible (or any agreement giving rise thereto), to make any payment, to make any inquiry as to the nature or the
sufficiency of any payment received by it or as to the sufficiency of any performance by any party under any Account, Chattel Paper or Payment Intangible (or any agreement giving rise thereto), to present or file any claim, to take any action to
enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times. 
  
 ARTICLE IV 
 Acknowledgments, Waivers
and Consents 
  
 Section 4.01 Acknowledgments, Waivers and
Consents. 
  
 (a) Each Guarantor acknowledges and agrees that
the obligations undertaken by it under this Agreement involve the guarantee and the provision of collateral security for the obligations of Persons other than such Guarantor and that such Guarantor’s guarantee and provision of collateral
security for the Obligations are absolute, irrevocable and unconditional under any and all circumstances. In full recognition and furtherance of the foregoing, each Guarantor understands and agrees, to the fullest extent permitted under applicable
law and except as may otherwise be expressly and specifically provided in the Loan Documents, that each Guarantor shall remain obligated hereunder (including, without limitation, with respect to the guarantee made such Guarantor hereby and the
collateral security provided by such Guarantor herein) and the enforceability and effectiveness of this Agreement and the liability of such 
  

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 Guarantor, and the rights, remedies, powers and privileges of the Administrative Agent and the other Secured Parties
under this Agreement and the other Loan Documents shall not be affected, limited, reduced, discharged or terminated in any way: 
  
 (i) notwithstanding that, without any reservation of rights against any Guarantor and without notice to or further assent by any Guarantor, (A) any
demand for payment of any of the Obligations made by the Administrative Agent or any other Secured Party may be rescinded by the Administrative Agent or such other Secured Party and any of the Obligations continued; (B) the Obligations, the
liability of any other Person upon or for any part thereof or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated,
compromised, waived, surrendered or released by, or any indulgence or forbearance in respect thereof granted by, the Administrative Agent or any other Secured Party; (C) the Credit Agreement, the other Loan Documents and any other documents executed
and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders, the Majority Lenders or all Lenders, as the case may be) may deem advisable from
time to time; (D) the Borrower, any Guarantor or any other Person may from time to time accept or enter into new or additional agreements, security documents, guarantees or other instruments in addition to, in exchange for or relative to, any Loan
Document, all or any part of the Obligations or any Collateral now or in the future serving as security for the Obligations; (E) any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Secured
Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released; and (F) any other event shall occur which constitutes a defense or release of sureties generally; and 
  
 (ii) without regard to, and each Guarantor hereby expressly waives to the
fullest extent permitted by law any defense now or in the future arising by reason of, (A) the illegality, invalidity or unenforceability of the Credit Agreement, any other Loan Document and any of the Obligations or any other collateral security
therefor or guarantee or right of offset with respect thereto at any time or from time to time held by the Administrative Agent or any other Secured Party, (B) any defense, set-off or counterclaim (other than a defense of payment or performance)
which may at any time be available to or be asserted by any Guarantor or any other Person against the Administrative Agent or any other Secured Party, (C) the insolvency, bankruptcy arrangement, reorganization, adjustment, composition, liquidation,
disability, dissolution or lack of power of any Guarantor or any other Person at any time liable for the payment of all or part of the Obligations or the failure of the Administrative Agent or any other Secured Party to file or enforce a claim in
bankruptcy or other proceeding with respect to any Person; or any sale, lease or transfer of any or all of the assets of the any Guarantor, or any changes in the partners of any Guarantor; (D) the fact that any Collateral or Lien contemplated or
intended to be given, created or granted as security for the repayment of the Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other Lien, it being recognized and agreed by each of the
Guarantors that it is not entering into this Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any of the Collateral for the Obligations; (E) any failure of the Administrative
Agent or any other Secured Party to marshal assets in favor of any Guarantor or any other Person, to exhaust any collateral for all or any part of the Obligations, to pursue or exhaust any right, remedy, power or privilege it may have against any
Guarantor or any other 
  

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 Person or to take any action whatsoever to mitigate or reduce any Guarantor’s liability under this Agreement or any
other Loan Document; (F) any law which provides that the obligation of a surety or guarantor must neither be larger in amount nor in other respects more burdensome than that of the principal or which reduces a surety’s or guarantor’s
obligation in proportion to the principal obligation; (G) the possibility that the Obligations may at any time and from time to time exceed the aggregate liability of such Guarantor under this Agreement; or (H) any other circumstance or act
whatsoever, including any action or omission of the type described (with or without notice to or knowledge of any Guarantor), which constitutes, or might be construed to constitute, an equitable or legal discharge or defense of the Borrower for the
Obligations, or of such Guarantor under the guarantee contained in Article II or with respect to the collateral security provided by such Guarantor herein, or which might be available to a surety or guarantor, in bankruptcy or in any other instance.

  
 (b) Each Guarantor hereby waives to the extent permitted by
law: (i) except as expressly provided otherwise in any Loan Document, all notices to such Guarantor, or to any other Person, including but not limited to, notices of the acceptance of this Agreement, the guarantee contained in Article II or the
provision of collateral security provided herein, or the creation, renewal, extension, modification, accrual of any Obligations, or notice of or proof of reliance by the Administrative Agent or any other Secured Party upon the guarantee contained in
Article II or upon the collateral security provided herein, or of default in the payment or performance of any of the Obligations owed to the Administrative Agent or any other Secured Party and enforcement of any right or remedy with respect
thereto; or notice of any other matters relating thereto; the Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the guarantee contained
in Article II and the collateral security provided herein and no notice of creation of the Obligations or any extension of credit already or hereafter contracted by or extended to the Borrower need be given to any Guarantor; and all dealings between
the Borrower and any of the Guarantors, on the one hand, and the Administrative Agent and the other Secured Parties, on the other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon the guarantee contained
in Article II and on the collateral security provided herein; (ii) diligence and demand of payment, presentment, protest, dishonor and notice of dishonor; (iii) all rights of revocation with respect to the Obligations, the guarantee contained in
Article II and the provision of collateral security herein; and (iv) all principles or provisions of law which conflict with the terms of this Agreement and which can, as a matter of law, be waived. 
  
 (c) When making any demand hereunder or otherwise pursuing its rights and
remedies hereunder against any Grantor, the Administrative Agent or any other Secured Party may, but shall be under no obligation to, join or make a similar demand on or otherwise pursue or exhaust such rights and remedies as it may have against the
Borrower, any other Grantor or any other Person or against any collateral security or guarantee for the Obligations or any right of offset with respect thereto, and any failure by the Administrative Agent or any other Secured Party to make any such
demand, to pursue such other rights or remedies or to collect any payments from the Borrower, any other Grantor or any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release
of the Borrower, any Grantor or any other Person or any such collateral security, guarantee or right of offset, shall not relieve any Grantor of any obligation or liability hereunder, and shall not impair 
  

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 or affect the rights and remedies, whether express, implied or available as a matter of law, of the Administrative Agent
or any other Secured Party against any Grantor. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings. Neither the Administrative Agent nor any other Secured Party shall have any
obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in Article II or any property subject thereto. 
  
 Section 4.02 No Subrogation, Contribution or Reimbursement.
Notwithstanding any payment made by any Grantor hereunder or any set-off or application of funds of any Grantor by the Administrative Agent or any other Secured Party, no Grantor shall be entitled to be subrogated to any of the rights of the
Administrative Agent or any other Secured Party against the Borrower or any other Grantor or any collateral security or guarantee or right of offset held by the Administrative Agent or any other Secured Party for the payment of the Obligations, nor
shall any Grantor seek or be entitled to seek any indemnity, exoneration, participation, contribution or reimbursement from the Borrower or any other Grantor in respect of payments made by such Grantor hereunder, and each Grantor hereby expressly
waives, releases, and agrees not to exercise any all such rights of subrogation, reimbursement, indemnity and contribution. Each Grantor further agrees that to the extent that such waiver and release set forth herein is found by a court of competent
jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, indemnity and contribution such Grantor may have against the Borrower, any other Grantor or against any collateral or security or guarantee or right of
offset held by the Administrative Agent or any other Secured Party shall be junior and subordinate to any rights the Administrative Agent and the other Secured Parties may have against the Borrower and such Grantor and to all right, title and
interest the Administrative Agent and the other Secured Parties may have in any collateral or security or guarantee or right of offset. The Administrative Agent, for the benefit of the Secured Parties, may use, sell or dispose of any item of
Collateral or security as it sees fit without regard to any subrogation rights any Grantor may have, and upon any disposition or sale, any rights of subrogation any Grantor may have shall terminate. 
  
 ARTICLE V 
 Representations and Warranties 
  
 To induce the Administrative Agent and the other Secured Parties to enter into the Credit Agreement and to induce the Lenders to make their Loan to the Borrower thereunder, each Grantor hereby represents and warrants
to the Administrative Agent and each other Secured Party that: 
  
 Section 5.01 Representations in Credit Agreement. In the case of each Guarantor, the representations and warranties set forth in Article VII of the Credit Agreement as they relate to such Guarantor (in its capacity as a Subsidiary of
the Borrower) or to the Loan Documents to which such Guarantor is a party are true and correct in all material respects, provided that each reference in each such representation and warranty to the Borrower’s knowledge shall, for the purposes
of this Section 5.01, be deemed to be a reference to such Guarantor’s knowledge. 
  
 Section 5.02 Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the Guarantors are engaged in 
  

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 related businesses. Each Guarantor is a Subsidiary of the Borrower and its guaranty and surety obligations pursuant to
this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

  
 Section 5.03 Solvency. Such Grantor (i) is not
insolvent as of the date hereof and will not be rendered insolvent as a result of this Agreement (after giving effect to Section 2.01(a)), (ii) is not engaged in a business or a transaction, or about to engage in a business or a transaction, for
which any Property or assets remaining with it constitute unreasonably small capital, and (iii) does not intend to incur, or believe it will incur, debts that will be beyond its ability to pay as such debts mature. 
  
 Section 5.04 Perfected Priority Liens. The security interests granted
pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Administrative Agent in completed
and duly executed form) will constitute valid perfected security interests in all of the Collateral in favor of the Administrative Agent, for the ratable benefit of the Secured Parties, as collateral security for such Grantor’s obligations,
enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor and (b) are prior to all other Liens on the Collateral in existence on the date hereof
except for Liens securing the loans and commitments under the Senior Revolving Credit Documents and Excepted Liens which have priority over the Liens on the Collateral. 
  
 Section 5.05 Legal Name, Organizational Status, Chief Executive Office. On the date hereof, the correct legal name of
such Grantor, such Grantor’s jurisdiction of organization, organizational number, taxpayor identification number and the location of such Grantor’s chief executive office or sole place of business are specified on Schedule 4. 

 
 Section 5.06 Prior Names, Addresses. Schedule 4 correctly sets
forth (a) all names and trade names that such Grantor has used in the last five years and (b) the chief executive office of such Grantor over the last five years (if different from that which is set forth in Section 5.05 above). 
  
 Section 5.07 Pledged Securities. The shares (or such other interests)
of Pledged Securities pledged by such Grantor hereunder constitute all the issued and outstanding shares (or such other interests) of all classes of the capital stock or other Equity Interests of each Issuer owned by such Grantor. All the shares (or
such other interests) of the Pledged Securities have been duly and validly issued and, in the case of shares of stock of a corporation, are fully paid and nonassessable; and such Grantor is the record and beneficial owner of, and has good title to,
the Pledged Securities pledged by it hereunder, free of any and all Liens except Liens securing the loans and commitments under the Senior Revolving Credit Documents and Excepted Liens or options, warrants, puts, calls or other rights of any other
Person, and restrictions or options in favor of, or claims of, any other Person, except the security interest created by this Agreement. 
  
 Section 5.08 Truth of Information; Accounts. All information with respect to the Collateral set forth in any schedule, certificate or other writing
at any time heretofore or hereafter 
  

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 furnished by such Grantor to the Administrative Agent or any other Secured Party, and all other written information
heretofore or hereafter furnished by such Grantor to the Administrative Agent or any other Secured Party is and will be true and correct in all material respects as of the date furnished. The place where each Grantor keeps its records concerning the
Accounts is 717 Texas, Suite 2800, Houston, Texas 77002. 
  
 Section 5.09 Governmental Obligors. None of the Account Debtors on such Grantor’s Accounts, Chattel Paper or Payment Intangibles is a Governmental Authority. 
  
 ARTICLE VI 
 Covenants 
  
 Each Grantor covenants and agrees
with the Administrative Agent and the other Secured Parties that, from and after the date of this Agreement until the Obligations shall have been paid in full: 
  

Section 6.01 Covenants in Credit Agreement. In the case of each Guarantor, such Guarantor shall take, or shall refrain from taking, as the case
may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Guarantor or any of its
Subsidiaries. 
  
 Section 6.02 Maintenance of Perfected
Security Interest; Further Documentation. 
  
 (a) Such
Grantor shall maintain the security interest created by this Agreement as a perfected security interest having at least the priority described in Section 5.04 and shall defend such security interest against the claims and demands of all Persons
whomsoever except for Liens securing the loans and commitments under the Senior Revolving Credit Documents and Excepted Liens. 
  
 (b) At any time and from time to time, upon the request of the Administrative Agent or any other Secured Party, and at the sole expense of such Grantor,
such Grantor will promptly and duly take or cause to be taken any and all steps or acts that may be necessary or advisable or as the Administrative Agent may reasonably request to create, perfect, establish the priority of, or to preserve the
validity, perfection or priority of, the Liens granted by this Agreement or to enable the Administrative Agent or any other Secured Party to enforce its rights, remedies, powers and privileges under this Agreement with respect to such Liens or to
otherwise obtain or preserve the full benefits of this Agreement and the rights, powers and privileges herein granted. 
  
 (c) Upon the termination of all loans and commitments under the Senior Revolving Credit Documents, and without limiting the obligations of the Grantors
under Section 6.02(b), upon the request of the Administrative Agent or any other Secured Party, such Grantor shall take or cause to be taken all actions (other than any actions required to be taken by the Administrative Agent or any Lender)
requested by the Administrative Agent to cause the Administrative Agent to (A) have “control” (within the meaning of the UCC) over any Collateral constituting the Margin Account and all certificated Pledged Securities, if any, including,
without limitation, executing and delivering any agreements, in form and substance satisfactory 
  

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 to the Administrative Agent, with securities intermediaries, Issuers or other Persons in order to establish
“control”, and each Grantor shall promptly notify the Administrative Agent and the other Secured Parties of such Grantor’s acquisition of any such Collateral, and (B) be a “protected purchaser” (as defined in Section 8-303
of the UCC). 
  
 (d) This Section 6.02 and the obligations imposed
on each Grantor by this Section 6.02 shall be interpreted as broadly as possible in favor of the Administrative Agent and the other Secured Parties in order to effectuate the purpose and intent of this Agreement. 
  
 Section 6.03 Maintenance of Records. Such Grantor will keep and
maintain at its own cost and expense satisfactory and complete records of the Collateral, including, without limitation, a record of all payments received and all credits granted with respect to the Accounts. For the Administrative Agent’s and
the other Secured Parties’ further security, the Administrative Agent, for the ratable benefit of the Secured Parties, shall have a security interest in all of such Grantor’s books and records pertaining to the Collateral, and such Grantor
shall make available any such books and records to the Administrative Agent or to its representatives at such reasonable times, at the reasonable request of the Administrative Agent and upon reasonable prior notice and shall provide such clerical
and other assistance as may be reasonably requested with regard thereto. 
  
 Section 6.04 Right of Inspection. The Administrative Agent and the other Secured Parties and their respective representatives shall have reasonable access, at such reasonable times, at the reasonable request of
the Administrative Agent and upon reasonable prior notice, to all the books, correspondence and records of such Grantor, and the Administrative Agent and the other Secured Parties and their respective representatives may examine the same, take
extracts therefrom and make photocopies thereof and shall have the right to enter into and upon any premises where any of the Collateral (including, without limitation, Inventory or Equipment) is located for the purpose of inspecting the same,
observing its use or otherwise protecting its interests therein, at such reasonable times, at the reasonable request of the Administrative Agent and upon reasonable prior notice, and such Grantor agrees to render to the Administrative Agent and the
other Secured Parties and their respective representatives, at such Grantor’s sole cost and expense, such clerical and other assistance as may be reasonably requested with regard to any of the foregoing. 
  
 Section 6.05 Further Identification of Collateral. Such Grantor will
furnish to the Administrative Agent and the Lenders from time to time, at such Grantor’s sole cost and expense, statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral
as the Administrative Agent may reasonably request, all in reasonable detail. 
  
 Section 6.06 Changes in Locations, Name, etc. Such Grantor recognizes that financing statements pertaining to the Collateral have been or may be filed where such Grantor maintains any Collateral or is
organized. Without limitation of any other covenant herein, such Grantor will not cause or permit any change to be made in its name, identity or corporate structure or such Grantor’s jurisdiction of organization, unless such Grantor shall have
first (1) notified the Administrative Agent and the other Secured Parties of such change at least ten (10) days prior to the effective date of such change, and (2) taken all action reasonably requested by the 
  

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 Administrative Agent or any other Secured Party for the purpose of maintaining the perfection and priority of the
Administrative Agent’s security interests under this Agreement. In any notice furnished pursuant to this Section 6.06, such Grantor will expressly state in a conspicuous manner that the notice is required by this Agreement and contains facts
that may require additional filings of financing statements or other notices for the purposes of continuing perfection of the Administrative Agent’s security interest in the Collateral. 
  
 Section 6.07 Limitations on Dispositions of Collateral. The
Administrative Agent and the other Secured Parties do not authorize, and such Grantor agrees not to sell, transfer, lease or otherwise dispose of any of the Collateral, or attempt, offer or contract to do so except to the extent expressly permitted
by the Credit Agreement. 
  
 Section 6.08 Pledged
Securities. 
  
 (a) Upon the termination of all loans and
commitments under the Senior Revolving Credit Documents, if such Grantor shall become entitled to receive or shall receive any stock certificate or other instrument (including, without limitation, any certificate or instrument representing a
dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate or instrument issued in connection with any reorganization), option or rights in respect of the capital stock or other Equity
Interests of any Issuer, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares (or such other interests) of the Pledged Securities, or otherwise in respect thereof, such Grantor shall accept the same as the
agent of the Administrative Agent and the other Secured Parties, hold the same in trust for the Administrative Agent and the other Secured Parties and deliver the same forthwith to the Administrative Agent in the exact form received, duly indorsed
by such Grantor to the Administrative Agent, if required, together with an undated stock power or other equivalent instrument of transfer, if applicable, acceptable to the Administrative Agent covering such certificate or instrument duly executed in
blank by such Grantor and with, if the Administrative Agent so requests, signature guaranteed, to be held by the Administrative Agent, subject to the terms hereof, as additional collateral security for the Obligations. 
  
 (b) Except as permitted under the Credit Agreement or except with the prior
written consent of the Administrative Agent, such Grantor will not (i) sell, assign, transfer, exchange or otherwise dispose of, or grant any option with respect to, the Pledged Securities or Proceeds thereof (except pursuant to a transaction
expressly permitted by the Credit Agreement), (ii) create, incur or permit to exist any Lien except for Liens securing the loans and commitments under the Senior Revolving Credit Documents and Excepted Liens or option in favor of, or any claim of
any Person with respect to, any of the Pledged Securities or Proceeds thereof, or any interest therein, except for the security interests created by this Agreement or (iii) enter into any agreement or undertaking restricting the right or ability of
such Grantor or the Administrative Agent to sell, assign or transfer any of the Pledged Securities or Proceeds thereof. 
  
 (c) In the case of each Grantor which is an Issuer, such Issuer agrees that (i) it will be bound by the terms of this Agreement relating to the Pledged
Securities issued by it and will comply with such terms insofar as such terms are applicable to it, (ii) it will notify the Administrative Agent promptly in writing of the occurrence of any of the events described in Section 6.08(a) with respect to
the Pledged Securities issued by it and (iii) the terms of Section 
  

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 7.01(c) and Section 7.05 shall apply to it, mutatis mutandis, with respect to all actions that may be required of
it pursuant to Section 7.01(c) or Section 7.05 with respect to the Pledged Securities issued by it. 
  
 (d) Such Grantor shall furnish to the Administrative Agent such stock powers and other equivalent instruments of transfer, if applicable, as may be
required by the Administrative Agent to assure the transferability of and the perfection of the security interest in the Pledged Securities when and as often as may be reasonably requested by the Administrative Agent. 
  
 (e) The Pledged Securities will at all times constitute not less than 100% of
the capital stock or other Equity Interests of the Issuer thereof owned by any Grantor. Each Grantor will not permit any Issuer of any of the Pledged Securities to issue any new shares (or other interests) of any class of capital stock or other
Equity Interests of such Issuer without the prior written consent of the Administrative Agent. 
  
 (f) Each Pledgor shall not agree to any amendment of a partnership agreement, LLC agreement or other organic document relating to any Pledged Security that in any way adversely affects the perfection of the security
interest of the Administrative Agent in the Pledged Securities, including any amendment electing to treat the membership interest or partnership interest of such Pledgor as a security under Section 8-103 of the UCC. In the event of a foreclosure or
a taking of Pledged Securities consisting of partnership interests or LLC interests in lieu of foreclosure pursuant to any Security Instrument executed in connection with the Credit Agreement, the Administrative Agent or its assignee or transferee,
at any of their option, will, without any further action or consent, become a member or partner upon the exercise of such option by the Administrative Agent, its assignee or transferee, having all of the rights, powers and privileges of a member or
partner with respect to such Equity Interest, including, without limitation, the right to participate in the management of the business, to vote such Equity Interest and to receive distributions hereunder. 
  
 Section 6.09 Instruments and Tangible Chattel Paper. If any amount
payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper, such Instrument or Tangible Chattel Paper shall be immediately delivered to the Administrative Agent, duly endorsed
in a manner satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement. 
  
 Section 6.10 Commercial Tort Claims. If such Grantor shall at any time hold or acquire a Commercial Tort Claim that satisfies the requirements of
the following sentence, such Grantor shall, within thirty (30) days after such Commercial Tort Claim satisfies such requirements, notify the Administrative Agent and the other Secured Parties in a writing signed by such Grantor containing a brief
description thereof, and granting to the Administrative Agent in such writing (for the benefit of the Secured Parties) a security interest therein and in the Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and
substance satisfactory to the Administrative Agent and the other Secured Parties. The provisions of the preceding sentence shall apply only to a Commercial Tort Claim that satisfies the following requirements: (i) the monetary value claimed by or
payable to the relevant Grantor in connection with such Commercial Tort Claim shall exceed $1,000,000, and either (ii) (A) such Grantor shall 
  

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 have filed a law suit or counterclaim or otherwise commenced legal proceedings (including, without limitation,
arbitration proceedings) against the Person against whom such Commercial Tort Claim is made, or (B) such Grantor and the Person against whom such Commercial Tort Claim is asserted shall have entered into a settlement agreement with respect to such
Commercial Tort Claim. In addition, to the extent that the existence of any Commercial Tort Claim held or acquired by any Grantor is disclosed by such Grantor in any public filing with the Securities Exchange Commission or any successor thereto or
analogous Governmental Authority, or to the extent that the existence of any such Commercial Tort Claim is disclosed in any press release issued by any Grantor, then, upon the request of the Administrative Agent, the relevant Grantor shall, within
thirty (30) days after such request is made, transmit to the Administrative Agent and the other Secured Parties a writing signed by such Grantor containing a brief description of such Commercial Tort Claim and granting to the Administrative Agent in
such writing (for the benefit of the Secured Parties) a security interest therein and in the Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Administrative Agent and the other
Secured Parties. 
  
 ARTICLE VII 
 Remedial Provisions 
  
 Section 7.01 Pledged Securities. 
  
 (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the
Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the
relevant Issuer, to the extent permitted in the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities. 
  
 (b) If an Event of Default shall occur and be continuing, then at any time in the Administrative Agent’s discretion without notice, (i) the
Administrative Agent shall have the right to receive any and all cash dividends, payments or other Proceeds paid in respect of the Pledged Securities and make application thereof to the Obligations in accordance with Section 10.02 of the Credit
Agreement, and (ii) any or all of the Pledged Securities shall be registered in the name of the Administrative Agent or its nominee, and the Administrative Agent or its nominee may thereafter exercise (x) all voting, corporate and other rights
pertaining to such Pledged Securities at any meeting of shareholders (or other equivalent body) of the relevant Issuer or Issuers or otherwise and (y) any and all rights of conversion, exchange and subscription and any other rights, privileges or
options pertaining to such Pledged Securities as if it were the absolute owner thereof (including, without limitation, the right to exchange at its discretion any and all of the Pledged Securities upon the merger, consolidation, reorganization,
recapitalization or other fundamental change in the organizational structure of any Issuer, or upon the exercise by any Grantor or the Administrative Agent of any right, privilege or option pertaining to such Pledged Securities, and in connection
therewith, the right to deposit and deliver any and all of the Pledged Securities with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as the Administrative Agent may determine), all
without liability except to account for property actually received by it, but the Administrative Agent shall have no duty to any Grantor to exercise any such right, privilege or option and shall not be responsible for any failure to do so or delay
in so doing. 
  

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 (c) Each Grantor hereby authorizes and instructs each Issuer of any Pledged Securities pledged by such
Grantor hereunder (and each Issuer party hereto hereby agrees) to (i) comply with any instruction received by it from the Administrative Agent in writing that (x) states that an Event of Default has occurred and is continuing and (y) is otherwise in
accordance with the terms of this Agreement, without any other or further instructions from such Grantor, and each Grantor agrees that each Issuer shall be fully protected in so complying, and (ii) unless otherwise expressly permitted hereby, pay
any dividends or other payments with respect to the Pledged Securities directly to the Administrative Agent. 
  
 Section 7.02 Collections on Accounts, Etc. The Administrative Agent hereby authorizes each Grantor to collect upon the Accounts, Instruments,
Chattel Paper and Payment Intangibles; provided that the Administrative Agent may curtail or terminate said authority at any time after the occurrence and during the continuance of an Event of Default. Upon the request of the Administrative Agent at
any time after the occurrence and during the continuance of an Event of Default, each Grantor shall notify the Account Debtors that the applicable Accounts, Chattel Paper and Payment Intangibles have been assigned to the Administrative Agent for the
ratable benefit of the Secured Parties and that payments in respect thereof shall be made directly to the Administrative Agent. The Administrative Agent may in its own name or in the name of others communicate with the Account Debtors to verify with
them to its satisfaction the existence, amount and terms of any Accounts, Chattel Paper or Payment Intangibles. 
  
 Section 7.03 Proceeds. If required by the Administrative Agent at any time after the occurrence and during the continuance of an Event of Default,
any payments of Accounts, Instruments, Chattel Paper and Payment Intangibles, when collected or received by each Grantor, and any other cash or non-cash Proceeds received by each Grantor upon the sale or other disposition of any Collateral, shall be
forthwith (and, in any event, within two Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Administrative Agent if required, in a special collateral account maintained by the Administrative
Agent, subject to withdrawal by the Administrative Agent for the ratable benefit of the Secured Parties only, as hereinafter provided, and, until so turned over, shall be held by such Grantor in trust for the Administrative Agent for the ratable
benefit of the Secured Parties, segregated from other funds of any such Grantor. Each deposit of any such Proceeds shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit. All
Proceeds (including, without limitation, Proceeds constituting collections of Accounts, Chattel Paper, Instruments) while held by the Administrative Agent (or by any Grantor in trust for the Administrative Agent for the ratable benefit of the
Secured Parties) shall continue to be collateral security for all of the Obligations and shall not constitute payment thereof until applied as hereinafter provided. At such intervals as may be agreed upon by each Grantor and the Administrative
Agent, or, if an Event of Default shall have occurred and be continuing, at any time at the Administrative Agent’s election, the Administrative Agent shall apply all or any part of the funds on deposit in said special collateral account on
account of the Obligations in such order as the Administrative Agent may elect, and any part of such funds which the Administrative Agent elects not so to apply and deems not required as collateral security for the Obligations shall be paid over
from time to time by the Administrative Agent to each Grantor or to whomsoever may be lawfully entitled to receive the same. 
  

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 Section 7.04 UCC and Other Remedies. 
  
 (a) If an Event of Default shall occur and be continuing, the Administrative
Agent, on behalf of the Secured Parties, may exercise in its discretion, in addition to all other rights, remedies, powers and privileges granted to them in this Agreement, the other Loan Documents and in any other instrument or agreement securing,
evidencing or relating to the Obligations, all rights, remedies, powers and privileges of a secured party under the UCC or any other applicable law or otherwise available at law or equity. Without limiting the generality of the foregoing, the
Administrative Agent, without demand of performance or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below) to or upon any Grantor or any other Person (all and each of which
demands, defenses, advertisements and notices are hereby waived), may in such circumstances forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give option or
options to purchase, or otherwise dispose of and deliver the Collateral or any part thereof (or contract to do any of the foregoing), in one or more parcels at public or private sale or sales, at any exchange, broker’s board or office of the
Administrative Agent or any other Secured Party or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk. The
Administrative Agent or any other Secured Party shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales, to purchase the whole or any part of the Collateral so sold, free of
any right or equity of redemption in any Grantor, which right or equity is hereby waived and released. If an Event of Default shall occur and be continuing, each Grantor further agrees, at the Administrative Agent’s request, to assemble the
Collateral and make it available to the Administrative Agent at places which the Administrative Agent shall reasonably select, whether at such Grantor’s premises or elsewhere. Any such sale or transfer by the Administrative Agent either to
itself or to any other Person shall be absolutely free from any claim of right by Grantor, including any equity or right of redemption, stay or appraisal which Grantor has or may have under any rule of law, regulation or statute now existing or
hereafter adopted. Upon any such sale or transfer, the Administrative Agent shall have the right to deliver, assign and transfer to the purchaser or transferee thereof the Collateral so sold or transferred. The Administrative Agent shall apply the
net proceeds of any action taken by it pursuant to this Section 7.04, after deducting all reasonable costs and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping of any of the Collateral or in any way
relating to the Collateral or the rights of the Administrative Agent and the other Secured Parties hereunder, including, without limitation, reasonable attorneys’ fees and disbursements, to the payment in whole or in part of the Obligations, in
accordance with Section 10.02 of the Credit Agreement, and only after such application and after the payment by the Administrative Agent of any other amount required by any provision of law, including, without limitation, Section 9-615 of the UCC,
need the Administrative Agent account for the surplus, if any, to any Grantor. To the extent permitted by applicable law, each Grantor waives all claims, damages and demands it may acquire against the Administrative Agent or any other Secured Party
arising out of the exercise by them of any rights hereunder. If any notice of a proposed sale or other disposition of Collateral shall be required by law, such notice shall be deemed reasonable and proper if given at least 10 days before such sale
or other disposition. 
  

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 (b) In the event that the Administrative Agent elects not to sell the Collateral, the Administrative
Agent retains its rights to dispose of or utilize the Collateral or any part or parts thereof in any manner authorized or permitted by law or in equity, and to apply the proceeds of the same towards payment of the Obligations. Each and every method
of disposition of the Collateral described in this Agreement shall constitute disposition in a commercially reasonable manner. The Administrative Agent may appoint any Person as agent to perform any act or acts necessary or incident to any sale or
transfer of the Collateral. 
  
 Section 7.05 Private Sales of
Pledged Securities. Each Grantor recognizes that the Administrative Agent may be unable to effect a public sale of any or all the Pledged Securities, by reason of certain prohibitions contained in the Securities Act and applicable state
securities laws or otherwise, and may be compelled to resort to one or more private sales thereof to a restricted group of purchasers which will be obliged to agree, among other things, to acquire such securities for their own account for investment
and not with a view to the distribution or resale thereof. Each Grantor acknowledges and agrees that any such private sale may result in prices and other terms less favorable than if such sale were a public sale and, notwithstanding such
circumstances, agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner. The Administrative Agent shall be under no obligation to delay a sale of any of the Pledged Securities for the period of time
necessary to permit the Issuer thereof to register such securities for public sale under the Securities Act, or under applicable state securities laws, even if such Issuer would agree to do so. Each Grantor agrees to use its best efforts to do or
cause to be done all such other acts as may reasonably be necessary to make such sale or sales of all or any portion of the Pledged Securities pursuant to this Section 7.05 valid and binding and in compliance with any and all other applicable
Governmental Requirements, other than the registration of securities for public sale. Each Grantor further agrees that a breach of any of the covenants contained in this Section 7.05 will cause irreparable injury to the Administrative Agent and the
other Secured Parties, that the Administrative Agent and the other Secured Parties have no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section 7.05 shall be specifically
enforceable against such Grantor, and such Grantor hereby waives and agrees not to assert any defenses against an action for specific performance of such covenants. 
  
 Section 7.06 Waiver; Deficiency. Each Grantor waives and agrees not to assert any rights or privileges which it may
acquire under the UCC or any other applicable law. Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Obligations and the fees and disbursements of any
attorneys employed by the Administrative Agent or any other Secured Party to collect such deficiency. 
  
 Section 7.07 Non-Judicial Enforcement. The Administrative Agent may enforce its rights hereunder without prior judicial process or judicial
hearing, and to the extent permitted by law, each Grantor expressly waives any and all legal rights which might otherwise require the Administrative Agent to enforce its rights by judicial process. 
  

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 Section 7.08 Control Agreement. Notwithstanding the unconditional nature of any rights provided
for under the Control Agreement establishing the Administrative Agent’s “control” over the Margin Account, the Administrative Agent will not give notice that it is exercising its right to direct the disposition of funds or otherwise
exercise exclusive control over such Collateral until the occurrence and during the continuance of an Event of Default. 
  
 ARTICLE VIII 
 The Administrative
Agent 
  
 Section 8.01 Administrative Agent’s
Appointment as Attorney-in-Fact, Etc. 
  
 (a) Each Grantor
hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such
Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all reasonably appropriate action and to execute any and all documents and instruments which may be reasonably
necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Administrative Agent the power and right, on behalf of such Grantor, without notice to or
assent by such Grantor, to do any or all of the following: 
  
 (i) unless being disputed under Section 9.03(a) of the Credit Agreement, pay or discharge taxes and Liens levied or placed on or threatened against the Collateral, effect any repairs or any insurance called for by the terms of this
Agreement and pay all or any part of the premiums therefor and the costs thereof; 
  
 (ii) execute, in connection with any sale provided for in Section 7.04 or Section 7.05, any endorsements, assignments or other instruments of conveyance or transfer with respect to the Collateral; and 
  
 (iii) (A) direct any party liable for any payment under any of the
Collateral to make payment of any and all moneys due or to become due thereunder directly to the Administrative Agent or as the Administrative Agent shall direct; (B) take possession of and indorse and collect any checks, drafts, notes, acceptances
or other instruments for the payment of moneys due under any Account, Instrument, General Intangible, Chattel Paper or Payment Intangible or with respect to any other Collateral, and to file any claim or to take any other action or proceeding in any
court of law or equity or otherwise deemed appropriate by the Administrative Agent for the purpose of collecting any all such moneys due under any Account, Instrument or General Intangible or with respect to any other Collateral whenever payable;
(C) ask or demand for, collect, and receive payment of and receipt for, any and all moneys, claims and other amounts due or to become due at any time in respect of or arising out of any Collateral; (D) sign and indorse any invoices, freight or
express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications, notices and other documents in connection with any of the Collateral; (E) receive, change the address for delivery, open and dispose
of mail addressed to any Grantor, and to execute, assign and indorse negotiable and other instruments for the payment of money, documents of title or other evidences of payment, shipment or storage for any form of Collateral on behalf of and in the
name of any Grantor; (F) 
  

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 commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction to
collect the Collateral or any portion thereof and to enforce any other right in respect of any Collateral; (G) defend any suit, action or proceeding brought against such Grantor with respect to any Collateral; (H) settle, compromise or adjust any
such suit, action or proceeding and, in connection therewith, give such discharges or releases as the Administrative Agent may deem appropriate; and (I) generally, sell, transfer, pledge and make any agreement with respect to or otherwise deal with
any of the Collateral as fully and completely as though the Administrative Agent were the absolute owner thereof for all purposes, and do, at the Administrative Agent’s option and such Grantor’s expense, at any time, or from time to time,
all acts and things which the Administrative Agent deems necessary to protect, preserve or realize upon the Collateral and the Administrative Agent’s and the other Secured Parties’ security interests therein and to effect the intent of
this Agreement, all as fully and effectively as such Grantor might do. 
  
 Anything in this Section 8.01(a) to the contrary notwithstanding, the Administrative Agent agrees that it will not exercise any rights under the power of attorney provided for in this Section 8.01(a) unless an Event of Default shall have
occurred and be continuing. 
  
 (b) If any Grantor fails to
perform or comply with any of its agreements contained herein within the applicable grace periods, the Administrative Agent, at its option, but without any obligation so to do, may perform or comply, or otherwise cause performance or compliance,
with such agreement. 
  
 (c) The reasonable expenses of the
Administrative Agent incurred in connection with actions undertaken as provided in this Section 8.01, together with interest thereon at any post-default rate from the date of payment by the Administrative Agent to the date reimbursed by the relevant
Grantor, shall be payable by such Grantor to the Administrative Agent on demand. 
  
 (d) Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue and in compliance hereof. All powers, authorizations and agencies contained in this Agreement are coupled with
an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released. 
  

 - 19 - 

 Section 8.02 Duty of Administrative Agent. The Administrative Agent’s sole duty with respect
to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the UCC or otherwise, shall be to deal with it in the same manner as the Administrative Agent deals with similar property for its own
account and shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which comparable secured parties accord comparable
collateral. Neither the Administrative Agent, any other Secured Party nor any of their respective officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing
so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Grantor or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. The powers conferred on
the Administrative Agent and the other Secured Parties hereunder are solely to protect the Administrative Agent’s and the other Secured Parties’ interests in the Collateral and shall not impose any duty upon the Administrative Agent or any
other Secured Party to exercise any such powers. The Administrative Agent and the other Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their
officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct. To the fullest extent permitted by applicable law, the Administrative
Agent shall be under no duty whatsoever to make or give any presentment, notice of dishonor, protest, demand for performance, notice of non-performance, notice of intent to accelerate, notice of acceleration, or other notice or demand in connection
with any Collateral or the Obligations, or to take any steps necessary to preserve any rights against any Grantor or other Person or ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters
relative to any Collateral, whether or not it has or is deemed to have knowledge of such matters. Each Grantor, to the extent permitted by applicable law, waives any right of marshaling in respect of any and all Collateral, and waives any right to
require the Administrative Agent or any other Secured Party to proceed against any Grantor or other Person, exhaust any Collateral or enforce any other remedy which the Administrative Agent or any other Secured Party now has or may hereafter have
against each Grantor, any Grantor or other Person. 
  
 Section
8.03 Execution of Financing Statements. Pursuant to the UCC and any other applicable law, each Grantor authorizes the Administrative Agent, its counsel or its representative, at any time and from time to time, to file or record financing
statements, continuation statements, amendments thereto and other filing or recording documents or instruments with respect to the Collateral without the signature of such Grantor in such form and in such offices as the Administrative Agent
reasonably determines appropriate to perfect the security interests of the Administrative Agent under this Agreement. Additionally, each Grantor authorizes the Administrative Agent, its counsel or its representative, at any time and from time to
time, to file or record such financing statements that describe the collateral covered thereby as “all assets of the Grantor”, “all personal property of the Grantor” or words of similar effect. A photographic or other
reproduction of this Agreement shall be sufficient as a financing statement or other filing or recording document or instrument for filing or recording in any jurisdiction. 
  

 - 20 - 

 Section 8.04 Authority of Administrative Agent. Each Grantor acknowledges that the rights and
responsibilities of the Administrative Agent under this Agreement with respect to any action taken by the Administrative Agent or the exercise or non-exercise by the Administrative Agent of any option, voting right, request, judgment or other right
or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Administrative Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist
from time to time among them, but, as between the Administrative Agent and the Grantors, the Administrative Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from
acting, and no Grantor shall be under any obligation, or entitlement, to make any inquiry respecting such authority. 
  
 ARTICLE IX 
 Subordination of Indebtedness 
  
 Section 9.01 Subordination of All Guarantor Claims. As used herein,
the term “Guarantor Claims” shall mean all debts and obligations of the Borrower or any other Grantor to any Grantor, whether such debts and obligations now exist or are hereafter incurred or arise, or whether the obligation of the debtor
thereon be direct, contingent, primary, secondary, several, joint and several, or otherwise, and irrespective of whether such debts or obligations be evidenced by note, contract, open account, or otherwise, and irrespective of the Person or Persons
in whose favor such debts or obligations may, at their inception, have been, or may hereafter be created, or the manner in which they have been or may hereafter be acquired by. After and during the continuation of an Event of Default, no Grantor
shall receive or collect, directly or indirectly, from any obligor in respect thereof any amount upon the Guarantor Claims. 
  
 Section 9.02 Claims in Bankruptcy. In the event of receivership, bankruptcy, reorganization, arrangement, debtor’s relief or other insolvency
proceedings involving any Grantor, the Administrative Agent on behalf of the Secured Parties shall have the right to prove their claim in any proceeding, so as to establish their rights hereunder and receive directly from the receiver, trustee or
other court custodian, dividends and payments which would otherwise be payable upon Guarantor Claims. Each Grantor hereby assigns such dividends and payments to the Administrative Agent for the benefit of the Secured Parties for application against
the Obligations as provided under Section 10.02 of the Credit Agreement. Should any Agent or Secured Party receive, for application upon the Obligations, any such dividend or payment which is otherwise payable to any Grantor, and which, as between
such Grantor, shall constitute a credit upon the Guarantor Claims, then upon payment in full of the Obligations, the intended recipient shall become subrogated to the rights of the Administrative Agent and the other Secured Parties to the extent
that such payments to the Administrative Agent and the other Secured Parties on the Guarantor Claims have contributed toward the liquidation of the Obligations, and such subrogation shall be with respect to that proportion of the Obligations which
would have been unpaid if the Administrative Agent and the other Secured Parties had not received dividends or payments upon the Guarantor Claims. 
  
 Section 9.03 Payments Held in Trust. In the event that notwithstanding Section 9.01 and Section 9.02, any Grantor should receive any funds,
payments, claims or distributions which is prohibited by such Sections, then it agrees: (a) to hold in trust for the Administrative Agent 
  

 - 21 - 

 and the other Secured Parties an amount equal to the amount of all funds, payments, claims or distributions so received,
and (b) that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Administrative Agent, for the benefit of the Secured Parties; and each Grantor covenants promptly
to pay the same to the Administrative Agent. 
  
 Section 9.04
Liens Subordinate. Each Grantor agrees that, until the Obligations are paid in full, any Liens securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any Liens securing payment of the Obligations, regardless
of whether such encumbrances in favor of such Grantor, the Administrative Agent or any other Secured Party presently exist or are hereafter created or attach. Without the prior written consent of the Administrative Agent, no Grantor, during the
period in which any of the Obligations are outstanding, shall (a) exercise or enforce any creditor’s right it may have against any debtor in respect of the Guarantor Claims, or (b) foreclose, repossess, sequester or otherwise take steps or
institute any action or proceeding (judicial or otherwise, including without limitation the commencement of or joinder in any liquidation, bankruptcy, rearrangement, debtor’s relief or insolvency proceeding) to enforce any Lien held by it.

  
 Section 9.05 Notation of Records. Upon the request of
the Administrative Agent, all promissory notes and all accounts receivable ledgers or other evidence of the Guarantor Claims accepted by or held by any Grantor shall contain a specific written notice thereon that the indebtedness evidenced thereby
is subordinated under the terms of this Agreement. 
  
 ARTICLE X

 Miscellaneous 
  
 Section 10.01 Waiver. No failure on the part of the Administrative Agent or any other Secured Party to exercise and no delay in exercising, and no
course of dealing with respect to, any right, remedy, power or privilege under any of the Loan Documents shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege under any of the Loan Documents
preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges provided herein are cumulative and not exclusive of any rights, remedies, powers and
privileges provided by law. The exercise by the Administrative Agent of any one or more of the rights, powers and remedies herein shall not be construed as a waiver of any other rights, powers and remedies, including, without limitation, any rights
of set-off. 
  
 Section 10.02 Notices. All notices and
other communications provided for herein shall be given in the manner and subject to the terms of Section 12.01 of the Credit Agreement; provided that any such notice, request or demand to or upon any Guarantor shall be addressed to such Guarantor
at its notice address set forth on Schedule 1. 
  

 - 22 - 

 Section 10.03 Indemnities, Etc. Each Grantor agrees to pay, and to save the Administrative Agent
and the other Secured Parties harmless from, any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, and reasonable costs, expenses or disbursements of any kind or nature whatsoever (including, without
limitation, court costs and reasonable attorneys’ fees, any and all liabilities with respect to, or resulting from any delay in paying, any and all stamp, excise, sales or other taxes which may be payable or determined to be payable with
respect to any of the Collateral or in connection with any of the transactions contemplated by this Agreement) incurred because of, incident to, or with respect to, the Collateral (including, without limitation, any exercise of rights or remedies in
connection therewith) or the execution, delivery, enforcement, performance and administration of this Agreement, to the extent the Borrower would be required to do so pursuant to Section 12.03 of the Credit Agreement. All amounts for which any
Grantor is liable pursuant to this Section 10.03 shall be due and payable by such Grantor to the Secured Parties upon demand. 
  
 Section 10.04 Amendments in Writing. None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified
except in accordance with Section 12.04 of the Credit Agreement. 
  
 Section 10.05 Successors and Assigns. This Agreement shall be binding upon the successors and assigns of each Grantor and shall inure to the benefit of the Administrative Agent and the other Secured Parties and their successors and
assigns; provided that except as set forth in Section 8.14 or Section 9.13 of the Credit Agreement, no Grantor may assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the
Administrative Agent and the Lenders. 
  
 Section 10.06
Invalidity. In the event that any one or more of the provisions contained in this Agreement or in any of the Loan Documents to which a Grantor is a party shall, for any reason, be held invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provision of this Agreement or such other Loan Document. 
  
 Section 10.07 Counterparts. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the
same instrument and any of the parties hereto may execute this Agreement by signing any such counterpart. 
  
 Section 10.08 Survival. The obligations of the parties under Section 10.03 shall survive the repayment of the Loans and the termination of the
Credit Agreement. To the extent that any payments on the Obligations or proceeds of any Collateral are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, debtor in possession,
receiver or other Person under any bankruptcy law, common law or equitable cause, then to such extent, the Obligations so satisfied shall be revived and continue as if such payment or proceeds had not been received and the Administrative
Agent’s and the other Secured Parties’ Liens, security interests, rights, powers and remedies under this Agreement and each Security Instrument shall continue in full force and effect. In such event, each Security Instrument shall be
automatically reinstated and each Grantor shall take such action as may be reasonably requested by the Administrative Agent and the other Secured Parties to effect such reinstatement. 
  

 - 23 - 

 Section 10.09 Captions. Captions and section headings appearing herein are included solely for
convenience of reference and are not intended to affect the interpretation of any provision of this Agreement. 
  
 Section 10.10 No Oral Agreements. The Loan Documents embody the entire agreement and understanding between the parties and supersede all other
agreements and understandings between such parties relating to the subject matter hereof and thereof. The Loan Documents represent the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous or
subsequent oral agreements of the parties. There are no unwritten oral agreements between the parties. 
  
 Section 10.11 Governing Law; Submission to Jurisdiction. 
  

(a) This Agreement shall be governed by, and construed in accordance with, the laws of the state of New York. 
  
 (b) Any legal action or proceeding with respect to this Agreement or any
other Loan Documents to which a Grantor is a party may be brought in the courts of the State of New York or of the United States of America for the Southern District of New York, and each of the Lenders, the Administrative Agent and the Grantors
hereby accepts for itself and (to the extent permitted by law) in respect of its Property, generally and unconditionally, the jurisdiction of the aforesaid courts. Each of the Lenders, the Administrative Agent and the Grantors hereby irrevocably
waives any objection, including, without limitation, any objection to the laying of venue or based on the grounds of forum non conveniens, which it may now or hereafter have to the bringing of any such action or proceeding in such respective
jurisdictions. This submission to jurisdiction is non-exclusive and does not preclude any party to this Agreement from obtaining jurisdiction over any other party in any court otherwise having jurisdiction. 
  
 (c) Each of the Lenders, the Administrative Agent and the Grantors
irrevocably consents to the service of process of any of the aforementioned courts in any such action or proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid, to such Person at the address specified on its
signature page of this Agreement or the Credit Agreement, as applicable, such service to become effective thirty (30) days after such mailing. Nothing herein shall affect the right of the Administrative Agent or any Lender or any holder of a Note or
Grantor to serve process in any other manner permitted by law or to commence legal proceedings or otherwise proceed against such Grantor in any other jurisdiction. 
  
 (d) Each Grantor and each Lender hereby (i) irrevocably and unconditionally waive, to the fullest extent permitted by law,
trial by jury in any legal action or proceeding relating to this Agreement or any other Loan Document and for any counterclaim therein; (ii) irrevocably waive, to the maximum extent not prohibited by law, any right it may have to claim or recover in
any such litigation any special, exemplary, punitive or consequential damages, or damages other than, or in addition to, actual damages; (iii) certify that no party hereto nor any representative or agent of counsel for any party hereto has
represented, expressly or otherwise, or implied that such party would not, in the event of litigation, seek to enforce the foregoing waivers, and (iv) acknowledge that it has been induced to enter into this Agreement, the Loan Documents and the
transactions contemplated hereby and thereby by, among other things, the mutual waivers and certifications contained in this Section 9.12. 
  

 - 24 - 

 Section 10.12 Acknowledgments. Each Grantor hereby acknowledges that: 
  
 (a) it has been advised by counsel in the negotiation, execution and
delivery of this Agreement and the other Loan Documents to which it is a party; 
  
 (b) neither the Administrative Agent nor any other Secured Party has any fiduciary relationship with or duty to any Grantor arising out of or in connection with this Agreement or any of the other Loan Documents, and
the relationship between the Grantors, on the one hand, and the Administrative Agent and the other Secured Parties, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and 
  
 (c) no joint venture is created hereby or by the other Loan Documents or
otherwise exists by virtue of the transactions contemplated hereby among the Secured Parties or among the Grantors and the Lenders. 
  
 (d) Each of the parties hereto specifically agrees that it has a duty to read this Agreement and the Security Instruments and agrees that it is charged
with notice and knowledge of the terms of this Agreement and the Security Instruments; that it has in fact read this Agreement and is fully informed and has full notice and knowledge of the terms, conditions and effects of this Agreement; that it
has been represented by independent legal counsel of its choice throughout the negotiations preceding its execution of this Agreement and the Security Instruments; and has received the advice of its attorney in entering into this Agreement and the
Security Instruments; and that it recognizes that certain of the terms of this Agreement and the Security Instruments result in one party assuming the liability inherent in some aspects of the transaction and relieving the other party of its
responsibility for such liability. Each party hereto agrees and covenants that it will not contest the validity or enforceability of any exculpatory provision of this Agreement and the Security Instruments on the basis that the party had no notice
or knowledge of such provision or that the provision is not “conspicuous.” 
  
 (e) Each Grantor warrants and agrees that each of the waivers and consents set forth in this Agreement are made voluntarily and unconditionally after consultation with outside legal counsel and with full knowledge of
their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or otherwise adversely affect rights which such Grantor otherwise may have against the Borrower, any other
Grantor, the Secured Parties or any other Person or against any collateral. If, notwithstanding the intent of the parties that the terms of this Agreement shall control in any and all circumstances, any such waivers or consents are determined to be
unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law. 
  
 Section 10.13 Additional Grantors. Each Subsidiary of the Borrower that is required to become a party to this Agreement pursuant to Section 8.11 of
the Credit Agreement and is not a signatory hereto shall become a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in the form of Annex I hereto. 
  

 - 25 - 

 Section 10.14 Set-Off. Each Grantor agrees that, in addition to (and without limitation of) any
right of set-off, bankers’ lien or counterclaim a Secured Party may otherwise have, each Secured Party shall have the right and be entitled (after the occurrence and during the continuation of an Event of Default and after consultation with the
Administrative Agent), at its option, to offset balances held by it or by any of its Affiliates for account of any Grantor or any Subsidiary at any of its offices, in Dollars or in any other currency against any principal of or interest on any of
such Secured Party’s Loan, or any other amount due and payable to such Secured Party hereunder, which is not paid when due (regardless of whether such balances are then due to such Person), in which case it shall promptly notify the Borrower
and the Administrative Agent thereof, provided that such Secured Party’s failure to give such notice shall not affect the validity thereof. 
  
 Section 10.15 Releases. 
  
 (a) Release Upon Payment in Full. The grant of a security interest hereunder and all of rights, powers and remedies in connection herewith shall
remain in full force and effect until the Administrative Agent has (i) retransferred and delivered all Collateral in its possession to the Grantors, and (ii) executed a written release or termination statement and reassigned to the Grantors without
recourse or warranty any remaining Collateral and all rights conveyed hereby. Upon the complete payment of the Obligations and Credit Agreement and the compliance by the Grantors with all covenants and agreements hereof, the Administrative Agent, at
the written request and expense of the Borrower, will promptly release, reassign and transfer the Collateral to the Grantors and declare this Agreement to be of no further force or effect. 
  
 (b) Further Assurances. If any of the Collateral shall be sold,
transferred or otherwise disposed of by any Grantor in a transaction permitted by the Credit Agreement, then the Administrative Agent, at the request and sole expense of such Grantor, shall promptly execute and deliver to such Grantor all releases
or other documents reasonably necessary or desirable for the release of the Liens created hereby on such Collateral and the capital stock of such Grantor. At the request and sole expense of the Borrower, a Grantor shall be released from its
obligations hereunder in the event that all the capital stock of such Grantor shall be sold, transferred or otherwise disposed of in a transaction permitted by the Credit Agreement; provided that the Borrower shall have delivered to the
Administrative Agent, at least ten Business Days prior to the date of the proposed release, a written request for release identifying the relevant Grantor and the terms of the sale or other disposition in reasonable detail, including the price
thereof and any reasonable expenses in connection therewith, together with a certification by the Borrower stating that such transaction is in compliance with the Credit Agreement and the other Loan Documents. 
  
 (c) Retention in Satisfaction. Except as may be expressly applicable
pursuant to Section 9-620 of the UCC, no action taken or omission to act by the Administrative Agent or the other Secured Parties hereunder, including, without limitation, any exercise of voting or consensual rights or any other action taken or
inaction, shall be deemed to constitute a retention of the Collateral in satisfaction of the Obligations or otherwise to be in full satisfaction of the Obligations, and the Obligations shall remain in full force and effect, until the Administrative

  

 - 26 - 

 Agent and the other Secured Parties shall have applied payments (including, without limitation, collections from
Collateral) towards the Obligations in the full amount then outstanding or until such subsequent time as is provided in Section 10.15(a). 
  
 Section 10.16 Reinstatement. The obligations of each Grantor under this Agreement (including, without limitation, with respect to the guarantee
contained in Article II and the provision of collateral herein) shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Obligations is rescinded or must otherwise be restored
or returned by the Administrative Agent or any other Secured Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrower or any Grantor, or upon or as a result of the appointment of a receiver, intervenor or
conservator of, or trustee or similar officer for, the Borrower or any Grantor or any substantial part of its property, or otherwise, all as though such payments had not been made. 
  
 Section 10.17 Acceptance. Each Grantor hereby expressly waives notice of acceptance of this Agreement, acceptance on
the part of the Administrative Agent and the other Secured Parties being conclusively presumed by their request for this Agreement and delivery of the same to the Administrative Agent. 
  

 - 27 - 

 IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee and Collateral Agreement to be duly
executed and delivered as of the date first above written. 
  

					
	BORROWER:	 	ROSETTA RESOURCES INC.
			
	 	 	By:	 	  

	 	 	Name:	 	B. A. Berilgen
	 	 	Title:	 	President and Chief Executive Officer
			
	GUARANTORS:	 	 	 	 
		
	 	 	ROSETTA RESOURCES CALIFORNIA, LLC
			
	 	 	By:	 	  

	 	 	Name:	 	B. A. Berilgen
	 	 	Title:	 	President and Chief Executive Officer
		
	 	 	ROSETTA RESOURCES OFFSHORE, LLC
			
	 	 	By:	 	  

	 	 	Name:	 	B. A. Berilgen
	 	 	Title:	 	President and Chief Executive Officer
		
	 	 	ROSETTA RESOURCES ROCKIES, LLC
			
	 	 	By:	 	  

	 	 	Name:	 	B. A. Berilgen
	 	 	Title:	 	President and Chief Executive Officer
		
	 	 	ROSETTA RESOURCES TEXAS GP, LLC
			
	 	 	By:	 	  

	 	 	Name:	 	B. A. Berilgen
	 	 	Title:	 	President and Chief Executive Officer
		
	 	 	ROSETTA RESOURCES TEXAS LP, LLC
			
	 	 	By:	 	  

	 	 	Name:	 	B. A. Berilgen
	 	 	Title:	 	President and Chief Executive Officer
		
	 	 	ROSETTA RESOURCES TEXAS LP
		
	 	 	 By: Rosetta Resources Texas GP, LLC, its
 general partner

			
	 	 	By:	 	  

	 	 	Name:	 	B. A. Berilgen
	 	 	Title:	 	President and Chief Executive Officer

  
 SIGNATURE PAGE

 REVOLVER - GUARANTEE AND COLLATERAL AGREEMENT 

			
	CALPINE NATURAL GAS HOLDINGS, LLC
		
	By:	 	  

	Name:	 	B. A. Berilgen
	Title:	 	President and Chief Executive Officer
	
	CALPINE NATURAL GAS GP, LLC
		
	By:	 	  

	Name:	 	B. A. Berilgen
	Title:	 	President and Chief Executive Officer
	
	CALPINE NATURAL GAS L.P.
	
	By: Calpine Natural Gas GP, LLC, its general partner
		
	By:	 	  

	Name:	 	B. A. Berilgen
	Title:	 	President and Chief Executive Officer

  
 SIGNATURE PAGE

 REVOLVER - GUARANTEE AND COLLATERAL AGREEMENT 

					
	 	 	 Acknowledged and Agreed to as
 of the date
hereof by:

		
	ADMINISTRATIVE AGENT:	 	BNP PARIBAS
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 

  
 SIGNATURE PAGE

 REVOLVER - GUARANTEE AND COLLATERAL AGREEMENT 

 SCHEDULE 1 
  
 NOTICE ADDRESS OF OBLIGORS 
  

			
	 Obligor

	 	 Address

	Rosetta Resources Inc.	 	 c/o Calpine Corporation
 717 Texas, Suite 2800

Houston, Texas 77002

		
	Rosetta Resources California, LLC	 	 c/o Calpine Corporation
 717 Texas, Suite 2800

Houston, Texas 77002

		
	Rosetta Resources Offshore, LLC	 	 c/o Calpine Corporation
 717 Texas, Suite 2800

Houston, Texas 77002

		
	Rosetta Resources Rockies, LLC	 	 c/o Calpine Corporation
 717 Texas, Suite 2800

Houston, Texas 77002

		
	Rosetta Resources Texas LP	 	 c/o Calpine Corporation
 717 Texas, Suite 2800

Houston, Texas 77002

		
	Rosetta Resources Texas GP, LLC	 	 c/o Calpine Corporation
 717 Texas, Suite 2800

Houston, Texas 77002

		
	Rosetta Resources Texas LP, LLC	 	 c/o Corporation Services Company, 2711
 Centerville Rd.,
Suite 400, Wilmington,
 Delaware 19808

		
	Calpine Natural Gas L.P.	 	 c/o Calpine Corporation
 717 Texas, Suite 2800

Houston, Texas 77002

		
	Calpine Natural Gas Holdings, LLC	 	 c/o Corporation Services Company, 2711
 Centerville Rd.,
Suite 400, Wilmington,
 Delaware 19808

		
	Calpine Natural Gas GP, LLC	 	 c/o Calpine Corporation
 717 Texas, Suite 2800

Houston, Texas 77002

  

 Schedule 1 - 1 

 SCHEDULE 2 
  
 DESCRIPTION OF PLEDGED SECURITIES 
  

											
	 Owner

	 	 Issuer

	 	 Class of Stock or
 other Equity
Interest

	 	 Percentage Interest

	 	 # of
 Shares/Units

	 	 Certificate #

	 Rosetta
 Resources
 Inc.
	 	 Rosetta
 Resources
 California,
 LLC
	 	Membership interest in limited liability company	 	100%	 	N/A	 	2
						
	 Rosetta
 Resources
 Inc.
	 	 Rosetta
 Resources
 Offshore,
 LLC
	 	Membership interest in limited liability company	 	100%	 	N/A	 	2
						
	 Rosetta
 Resources
 Inc.
	 	 Rosetta
 Resources
 Rockies,
 LLC
	 	Membership interest in limited liability company	 	100%	 	N/A	 	2
						
	 Rosetta
 Resources
 Inc.
	 	 Rosetta
 Resources
 Texas LP,
 LLC
	 	Membership interest in limited liability company	 	100%	 	N/A	 	2
						
	 Rosetta
 Resources
 Inc.
	 	 Rosetta
 Resources
 Texas GP,
 LLC
	 	Membership interest in limited liability company	 	100%	 	N/A	 	2
						
	 Rosetta
 Resources
 Inc.
	 	 Calpine
 Natural Gas
 Holdings,
 LLC
	 	Membership interest in limited liability company	 	100%	 	N/A	 	2
						
	 Rosetta
 Resources
 Inc.
	 	 Calpine
 Natural Gas
 GP, LLC
	 	Membership interest in limited liability company	 	100%	 	N/A	 	2
						
	 Rosetta
 Resources
 Texas LP,
 LLC
	 	 Rosetta
 Resources
 Texas LP
	 	Limited partnership interest	 	99%	 	N/A	 	2

  

 Schedule 2 - 1 

											
						
	 Rosetta
 Resources
 Texas GP,
 LLC
	 	 Rosetta
 Resources
 Texas LP
	 	General partner interest in limited partnership	 	1%	 	N/A	 	1
						
	 Calpine
 Natural
 Gas
 Holdings,
 LLC
	 	 Calpine
 Natural Gas
 L.P.
	 	Limited partnership interest	 	99%	 	N/A	 	 
						
	 Calpine
 Natural
 Gas GP,
 LLC
	 	 Calpine
 Natural Gas
 L.P.
	 	General partner interest in limited partnership	 	1%	 	N/A	 	 

  

 Schedule 2 - 2 

 SCHEDULE 3 
  
 FILINGS AND OTHER ACTIONS 
 REQUIRED TO PERFECT SECURITY INTERESTS 
  
 Uniform Commercial Code Filings 
  

	1.	UCC-1 Filing in the name of Rosetta Resources Inc. in the office of the Delaware Secretary of State 

  

	2.	UCC-1 Filing in the name of Rosetta Resources California, LLC in the office of the Delaware Secretary of State 

  

	3.	UCC-1 Filing in the name of Rosetta Resources Offshore, LLC in the office of the Delaware Secretary of State 

  

	4.	UCC-1 Filing in the name of Rosetta Resources Rockies, LLC in the office of the Delaware Secretary of State 

  

	5.	UCC-1 Filing in the name of Rosetta Resources Texas LP in the office of the Delaware Secretary of State 

  

	6.	UCC-1 Filing in the name of Rosetta Resources Texas GP, LLC in the office of the Delaware Secretary of State 

  

	7.	UCC-1 Filing in the name of Rosetta Resources Texas LP, LLC in the office of the Delaware Secretary of State 

  

	8.	UCC-1 Filing in the name of Calpine Natural Gas L.P. in the office of the Delaware Secretary of State 

  

	9.	UCC-1 Filing in the name of Calpine Natural Gas Holdings, LLC in the office of the Delaware Secretary of State 

  

	10.	UCC-1 Filing in the name of Calpine Natural Gas GP, LLC in the office of the Delaware Secretary of State 

  
 Delivery to Administrative Agent of Pledged Securities 
  

	1.	Rosetta Resources California, LLC membership interest; certificate number: 2 

  

	2.	Rosetta Resources Offshore, LLC membership interest; certificate number: 2 

  

	3.	Rosetta Resources Rockies, LLC membership interest; certificate number: 2 

  

	4.	Rosetta Resources Texas LP partnership interest; certificate numbers: 1 and 2 

  

	5.	Rosetta Resources Texas GP, LLC membership interest; certificate number: 2 

  

	6.	Rosetta Resources Texas LP, LLC membership interest; certificate number: 2 

  

	7.	Calpine Natural Gas L.P. partnership interest; certificate number:             ; 

  

	8.	Calpine Natural Gas Holdings, LLC membership interest; certificate number: 2 

  

	9.	Calpine Natural Gas GP, LLC membership interest; certificate number: 2 

  

 Schedule 3 - 1 

 Deposit Account 
  
 The execution of the Blocked Account Control Agreement by and among the Borrower, the Administrative Agent and the depository bank named
therein, granting the Administrative Agent “control” over the Margin Account. 
  

 Schedule 3 - 2 

 SCHEDULE 4 
  
 LOCATION OF JURISDICTION OF 
 ORGANIZATION AND CHIEF EXECUTIVE OFFICE 
  
 Rosetta Resources Inc. 
  

	 	•	 	Jurisdiction of Organization: Delaware 

  

	 	•	 	Delaware Secretary of State File Number 3980164 

  

	 	•	 	Taxpayer Identification Number: 43-2083519 

  

	 	•	 	Location of chief executive office: c/o Calpine Corporation, 717 Texas, Suite 2800, Houston, Texas 77002 

  

	 	•	 	Other names and trade names used in the past five years: None 

  
 Rosetta Resources California, LLC 
  

	 	•	 	Jurisdiction of Organization: Delaware 

  

	 	•	 	Delaware Secretary of State File Number 3988722 

  

	 	•	 	Taxpayer Identification Number: 51-0546842 

  

	 	•	 	Location of chief executive office: c/o Calpine Corporation, 717 Texas, Suite 2800, Houston, Texas 77002 

  

	 	•	 	Other names and trade names used in the past five years: None 

  
 Rosetta Resources Offshore, LLC 
  

	 	•	 	Jurisdiction of Organization: Delaware 

  

	 	•	 	Delaware Secretary of State File Number 3989132 

  

	 	•	 	Taxpayer Identification Number: 51-0546843 

  

	 	•	 	Location of chief executive office: c/o Calpine Corporation, 717 Texas, Suite 2800, Houston, Texas 77002 

  

	 	•	 	Other names and trade names used in the past five years: None 

  
 Rosetta Resources Rockies, LLC 
  

	 	•	 	Jurisdiction of Organization: Delaware 

  

	 	•	 	Delaware Secretary of State File Number 3988719 

  

	 	•	 	Taxpayer Identification Number: 51-0546844 

  

	 	•	 	Location of chief executive office: c/o Calpine Corporation, 717 Texas, Suite 2800, Houston, Texas 77002 

  

	 	•	 	Other names and trade names used in the past five years: None 

  
 Rosetta Resources Texas LP 
  

	 	•	 	Jurisdiction of Organization: Delaware 

  

	 	•	 	Delaware Secretary of State File Number 3993646 

  

	 	•	 	Taxpayer Identification Number: 41-2179091 

  

 Schedule 4 - 1 

	 	•	 	Location of chief executive office: c/o Calpine Corporation, 717 Texas, Suite 2800, Houston, Texas 77002 

  

	 	•	 	Other names and trade names used in the past five years: None 

  
 Rosetta Resources Texas GP, LLC 
  

	 	•	 	Jurisdiction of Organization: Delaware 

  

	 	•	 	Delaware Secretary of State File Number 3988077 

  

	 	•	 	Taxpayer Identification Number: 51-0546839 

  

	 	•	 	Location of chief executive office: c/o Calpine Corporation, 717 Texas, Suite 2800, Houston, Texas 77002 

  

	 	•	 	Other names and trade names used in the past five years: None 

  
 Rosetta Resources Texas LP, LLC 
  

	 	•	 	Jurisdiction of Organization: Delaware 

  

	 	•	 	Delaware Secretary of State File Number 3988727 

  

	 	•	 	Taxpayer Identification Number: 51-0546841 

  

	 	•	 	Location of chief executive office: c/o Corporation Services Company, 2711 Centerville Rd., Suite 400, Wilmington, Delaware 19808 

  

	 	•	 	Other names and trade names used in the past five years: None 

  
 Calpine Natural Gas L.P. 
  

	 	•	 	Jurisdiction of Organization: Delaware 

  

	 	•	 	Delaware Secretary of State File Number 3518137 

  

	 	•	 	Taxpayer Identification Number: 71-0882453 

  

	 	•	 	Location of chief executive office: c/o Calpine Corporation, 717 Texas, Suite 2800, Houston, Texas 77002 

  

	 	•	 	Other names and trade names used in the past five years: None 

  
 Calpine Natural Gas Holdings, LLC 
  

	 	•	 	Jurisdiction of Organization: Delaware 

  

	 	•	 	Delaware Secretary of State File Number 3980115 

  

	 	•	 	Taxpayer Identification Number: 20-2943018 

  

	 	•	 	Location of chief executive office: : c/o Corporation Services Company, 2711 Centerville Rd., Suite 400, Wilmington, Delaware 19808 

  

	 	•	 	Other names and trade names used in the past five years: None 

  
 Calpine Natural Gas GP, LLC 
  

	 	•	 	Jurisdiction of Organization: Delaware 

  

	 	•	 	Delaware Secretary of State File Number 3518133 

  

	 	•	 	Taxpayer Identification Number: 27-0011349 

  

	 	•	 	Location of chief executive office: c/o Calpine Corporation, 717 Texas, Suite 2800, Houston, Texas 77002 

  

	 	•	 	Other names and trade names used in the past five years: None 

  

 Schedule 4 - 2 

 ACKNOWLEDGMENT AND CONSENT 
  
 The undersigned hereby acknowledges receipt of a copy of the Guarantee and Collateral Agreement dated as of July 7, 2005
(the “Agreement”), made by the Grantors parties thereto for the benefit of BNP Paribas, as Administrative Agent. The undersigned agrees for the benefit of the Administrative Agent and the Lenders as follows: 
  
 1. The undersigned will be bound by the terms of the Agreement and will
comply with such terms insofar as such terms are applicable to the undersigned. 
  
 2. The terms of Sections 6.01(c) and 6.03 of the Agreement shall apply to it, mutatis mutandis, with respect to all actions that may be required of it pursuant to Sections 6.01(c) or 6.03 of the Agreement.

  

			
	[NAME OF ISSUER]
		
	By:	 	  

	Title:	 	  

	
	Address for Notices:
	  

	  

	  

	Fax:	 	  

  

	*	This consent is necessary only with respect to any Issuer which is not also a Grantor. This consent may be modified or eliminated with respect to any Issuer that is not
controlled by a Grantor. 

  
 Acknowledgment and
Consent 

 Annex I 
  
 Assumption Agreement 
  
 ASSUMPTION AGREEMENT, dated as of     , 200[  ], made by
                                        ,
a corporation duly formed and existing under the laws of the state of [                    ] (the “Additional Grantor”), in favor of
BNP Paribas, as administrative agent (in such capacity, the “Administrative Agent”) for the banks and other financial institutions (the “Lenders”) parties to the Credit Agreement referred to below. All capitalized terms not
defined herein shall have the meaning ascribed to them in such Credit Agreement. 
  
 W I T N E S S E T H: 
  
 WHEREAS,
Rosetta Resources Inc. (the “Borrower”), the Lenders, the Administrative Agent and the other Agents, have entered into a Credit Agreement, dated as of July 7, 2005 (as amended, supplemented or otherwise modified from time to time, the
“Credit Agreement”); 
  
 WHEREAS, in connection with the
Credit Agreement, the Borrower and certain of its Subsidiaries have entered into the Guarantee and Collateral Agreement, dated as of July 7, 2005 (as amended, supplemented or otherwise modified from time to time, the “Guarantee and Collateral
Agreement”) in favor of the Administrative Agent for the benefit of the Lenders and Affiliates of the Lenders; 
  
 WHEREAS, the Credit Agreement requires the Additional Grantor to become a party to the Guarantee and Collateral Agreement; and 
  
 WHEREAS, the Additional Grantor has agreed to execute and deliver this
Assumption Agreement in order to become a party to the Guarantee and Collateral Agreement; 
  
 NOW, THEREFORE, IT IS AGREED: 
  
 1. Guarantee
and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 10.13 of the Guarantee and Collateral Agreement, hereby becomes a party to the Guarantee and Collateral Agreement as
a Grantor thereunder with the same force and effect as if originally named therein as a Grantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Grantor thereunder and expressly
grants to the Administrative Agent, for the benefit of the Secured Parties (as defined in the Guarantee and Collateral Agreement), a security interest in all Collateral owned by such Additional Grantor to secure all of such Additional Grantor’s
obligations and liabilities thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in Schedules 1 through 5 to the Guarantee and Collateral Agreement. The Additional Grantor hereby represents and
warrants that each of the representations and warranties contained in Article IV of the Guarantee and Collateral Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such
date. 
  

 Annex I - 1 

 2. Governing Law. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF TEXAS. 
  
 IN WITNESS WHEREOF, the
undersigned has caused this Assumption Agreement to be duly executed and delivered as of the date first above written. 
  

			
	[ADDITIONAL GRANTOR]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 Annex I - 2First Amendment to Senior Revolving Credit Agreement

 Exhibit 10.22 
  
 Executive Version 
  
 FIRST AMENDMENT 
  
 TO 
  
 SENIOR REVOLVING CREDIT AGREEMENT 
  
 Among 
  
 ROSETTA RESOURCES INC., 
 as Borrower,

  
 BNP PARIBAS, 
 as Administrative Agent, 
  
 and 
  
 The Lenders Signatory Hereto 
  
 Effective as of September 26, 2005 

 FIRST AMENDMENT TO SENIOR
REVOLVING CREDIT AGREEMENT 
  
 This FIRST AMENDMENT TO SENIOR REVOLVING CREDIT AGREEMENT (this “First Amendment”) executed effective as of the 26th
of September, 2005 (the “First Amendment Effective Date”) is among ROSETTA RESOURCES INC., a corporation formed under the laws of the State of Delaware (the “Borrower”);
each of the undersigned guarantors (the “Guarantors”, and together with the Borrower, the “Obligors”); each of the Lenders that is a signatory hereto; and BNP PARIBAS, as administrative agent for the Lenders (in
such capacity, together with its successors, the “Administrative Agent”). 
  
 Recitals 
  
 A. The Borrower, the
Administrative Agent and the Lenders are parties to that certain Senior Revolving Credit Agreement dated as of July 7, 2005 (the “Credit Agreement”), pursuant to which the Lenders have made certain credit available to and on behalf
of the Borrower. 
  
 B. The Borrower has requested and the
Administrative Agent and the Lenders have agreed to amend certain provisions of the Credit Agreement. 
  
 C. NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  
 Section 1. Defined Terms. Each capitalized term which is defined in the Credit Agreement, but which is not defined in this First Amendment, shall have the meaning ascribed such term in the Credit Agreement.
Unless otherwise indicated, all section references in this First Amendment refer to the Credit Agreement. 
  
 Section 2. Amendments to Credit Agreement. 
  
 2.1 Definitions. Section 1.02 is hereby amended by amending or adding the following definitions: 
  
 (a) Applicable Margin. The Borrowing Base Utilization Grid within the
definition of “Applicable Margin” is hereby amended and restated in its entirety to read as follows: 
  
 Borrowing Base Utilization Grid 
  

													
	 Borrowing Base Utilization Percentage

	  	<50%

	 	 	 350%
 < 75%

	 	 	 375 %
 <90 %

	 	 	 390 %
 <100%

	 
	 LIBOR Margin
	  	1.250	%	 	1.500	%	 	1.750	%	 	2.000	%
	 ABR Margin
	  	0.000	%	 	0.000	%	 	0.250	%	 	0.500	%
	 Commitment Fee Rate
	  	0.375	%	 	0.375	%	 	0.375	%	 	0.375	%

  

 Page 2 

 (b) Change in Law. The definition of “Change in Law” is hereby amended by deleting the
second “)” after “Section 5.01(b)”. 
  
 (c)
First Amendment Effective Date. The definition of First Amendment Effective Date is hereby added in the appropriate alphabetical order: 
  
 “ ‘First Amendment Effective Date’ means the date of that certain First Amendment to Senior Revolving Credit Agreement dated as of
September 26, 2005, by and among the Borrower, the Administrative Agent and other Lenders thereto.” 
  
 (d) Guarantors. The definition of Guarantors is hereby amended and restated in its entirety as follows: 
  
 “ ‘Guarantors’ means, collectively:

  
 Rosetta Resources Operating LP; 

 
 Rosetta Resources Offshore, LLC; 
  
 Rosetta Resources Operating GP, LLC 
  
 Rosetta Resources Holdings, LLC; 
  
 each Subsidiary that guarantees the Indebtedness pursuant to
Section 8.14(b); and 
  
 any other Person that
must guarantee the Indebtedness in order for the Borrower to comply with Section 9.04(b)(ii)(D).” 
  
 (e) Intercreditor Agreement. The definition of “Intercreditor Agreement” is hereby amended and restated in its entirety as follows:

  
 “ ‘Intercreditor Agreement’ means in
respect of the Second Lien Term Loan Agreement, the terms of subordination as attached as Annex II to the Second Lien Term Loan Agreement, as the same may from time to time be amended, modified, supplemented or restated in accordance with the
provisions of Section 9.04(b).” 
  
 (f) Second Lien
Notes. The definition of “Second Lien Notes” is hereby amended by replacing “$100,000,000” with “$75,000,000”. 
  
 (g) Separation. The definition of “Separation” is hereby amended by replacing “Senior” with “Second Lien” in
subsection (d)(iii). 
  
 2.2 Interim Redetermination of the
Borrowing Base. Pursuant to Section 2.07(b), the Borrower elects to initiate, and each Lender consents to, an Interim Redetermination pursuant to 
  

 Page 3 

 which the Borrowing Base shall be increased to $325,000,000, effective from and including the First Amendment Effective
Date to but excluding the next Redetermination Date. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 8.13(c) or Section 9.13. 
  
 2.3 Amendment to Section 3.04(c)(iii). The last sentence of Section
3.04(c)(iii) is hereby amended and restated in its entirety as follows: 
  
 “The Borrower shall be obligated to make such prepayment and/or deposit of cash collateral on the date it or any Restricted Subsidiary consummates such disposition; provided that all payments required to be made
pursuant to this Section 3.04(c)(iii) must be made on or prior to the Termination Date.” 
  
 2.4 Amendment to Section 7.14. Section 7.14 is hereby amended by adding a “)” after “such Capital Lease”. 
  
 2.5 Amendment to Section 7.24. Section 7.24 is hereby amended and restated in its entirety as follows: 
  
 “7.24 Specified Senior Indebtedness. The Indebtedness of the
Borrower constitutes “Senior Indebtedness” as defined in the Second Lien Term Loan Documents.” 
  
 2.6 Amendment to Section 9.02(g). Section 9.02(g) is hereby amended by replacing “$100,000,000” with “$75,000,000”. 

 
 2.7 Amendment to Section 9.04(b). Section 9.04(b)(iii) is hereby
amended and restated in its entirety as follows: 
  
 “(iii)
designate any Debt (other than obligations of the Borrower and the Restricted Subsidiaries pursuant to the Loan Documents) as “Senior Indebtedness” or give any such other Debt any other similar designation.” 
  
 2.8 Amendment to Section 9.13(b). Section 9.13(b) is hereby amended
and restated in its entirety as follows: 
  
 “(b) farmouts
in the ordinary course of business of undeveloped acreage or undrilled depths and assignments in connection with such farmouts” 
  
 2.09 Amendment to Section 9.21. Section 9.21 is hereby amended by (a) adding the word “unless” after the first occurrence of the term
“Gas Sales Contract” and before subsection (i) and (b) replacing $2,500,000 with $5,000,000 in the second sentence. 
  
 2.10 Amendment to Section 12.13. Section 12.13 is hereby amended by deleting the word “Specified” from the section. 
  
 2.11 Amendment to Exhibit F-1. Exhibit F-1 is hereby amended and
restated in its entirety as the Exhibit F-1 attached hereto. 
  

 Page 4 

 2.12 Amendment to Schedule 7.15. Schedule 7.15 is hereby amended and restated in its entirety as
the Schedule 7.15 attached hereto. 
  
 Section 3. Conditions
Precedent. The effectiveness of this First Amendment is subject to the receipt by the Administrative Agent of the following documents and satisfaction of the other conditions provided in this Section 3, each of which shall be reasonably
satisfactory to the Administrative Agent in form and substance: 
  
 3.1 Payment of Outstanding Invoices. Payment by the Borrower to the Administrative Agent of all fees and other amounts due and payable on or prior to the First Amendment Effective Date, including, to the extent invoiced,
reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower. 
  
 3.2 First Amendment. The Administrative Agent shall have received multiple counterparts as requested of this First Amendment from each Lender.

  
 3.3 No Default. No Default or Event of Default shall
have occurred and be continuing as of the First Amendment Effective Date. 
  
 Section 4. Representations and Warranties; Etc. Each Obligor hereby affirms: (a) that as of the date of execution and delivery of this First Amendment, all of the representations and warranties contained in
each Loan Document to which such Obligor is a party are true and correct in all material respects as though made on and as of the First Amendment Effective Date (unless made as of a specific earlier date, in which case, was true as of such date);
and (b) that after giving effect to this First Amendment and to the transactions contemplated hereby, no Defaults exist under the Loan Documents or will exist under the Loan Documents. 
  
 Section 5. Miscellaneous. 
  

5.1 Confirmation. The provisions of the Credit Agreement (as amended by this First Amendment) shall remain in full force and effect in
accordance with its terms following the effectiveness of this First Amendment. 
  
 5.2 Ratification and Affirmation of Obligors. Each of the Obligors hereby expressly (i) acknowledges the terms of this First Amendment, (ii) ratifies and affirms its obligations under the Guarantee Agreement
and the other Security Instruments to which it is a party, (iii) acknowledges, renews and extends its continued liability under the Guarantee Agreement and the other Security Instruments to which it is a party and agrees that its guarantee under the
Guarantee Agreement and the other Security Instruments to which it is a party remains in full force and effect with respect to the Indebtedness as amended hereby. 
  
 5.3 Counterparts. This First Amendment may be executed by one or more of the parties hereto in any number of separate
counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 
  

 Page 5 

 5.4 No Oral Agreement. THIS WRITTEN FIRST
AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS EXECUTED IN
CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES
AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR
UNWRITTEN ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO SUBSEQUENT ORAL
AGREEMENTS BETWEEN THE PARTIES. 
  
 5.5 Governing Law. THIS FIRST AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE
VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  

 Page 6 

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

					
	BORROWER:	 	ROSETTA RESOURCES INC.
			
	 	 	By:	 	  

	 	 	 	 	 Michael J. Rosinski, Executive Vice President,
 Chief
Financial Officer, Secretary and Treasurer

  
 First Amendment –
Senior Revolving Credit Agreement 
 Signature Page - 1 

					
	GUARANTORS:	 	 	 	 
	 	 	ROSETTA RESOURCES OFFSHORE, LLC
	 	 	ROSETTA RESOURCES HOLDINGS, LLC
	 	 	ROSETTA RESOURCES OPERATING GP, LLC
	 	 	ROSETTA RESOURCES OPERATING LP
			
	 	 	By:	 	Rosetta Resources Operating GP, LLC, its general partner
			
	 	 	By:	 	  

	 	 	 	 	 Michael J. Rosinski, Executive Vice President,
 Chief
Financial Officer, Secretary and Treasurer

  
 First Amendment –
Senior Revolving Credit Agreement 
 Signature Page - 2 

					
	ADMINISTRATIVE AGENT:	 	BNP PARIBAS,
	 	 	as Administrative Agent
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 
		
	LENDERS:	 	BNP PARIBAS
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 

  
 First Amendment –
Senior Revolving Credit Agreement 
 Signature Page - 3 

 EXHIBIT F-1 
 SECURITY INSTRUMENTS 
  
 1) Guaranty and
Collateral Agreement dated as of July 7, 2005 by the Borrower, the Restricted Subsidiaries party thereto as Guarantors, in favor of the Administrative Agent and the Lenders, as amended by that certain Supplement to Guaranty and Collateral Agreement,
dated September 27, 2005. 
  
 2) Financing Statements in respect of item 1, by (if
necessary): 
  
 Rosetta Resources Inc.; 
  
 Rosetta Resources Offshore, LLC; 
  
 Rosetta Resources Holdings, LLC (and an amendment to reflect the name change
from Calpine Natural Gas Holdings, LLC); 
  
 Rosetta Resources
Operating GP, LLC (and an amendment to reflect the name change from Calpine Natural Gas GP, LLC); and 
  
 Rosetta Resources Operating LP (and an amendment to reflect the name change from Calpine Natural Gas L.P.). 
  
 3) Undated stock or unit powers executed in blank with LLC or LP Certificates attached for
the following entities: 
  
 Rosetta Resources Offshore, LLC;

  
 Rosetta Resources Holdings, LLC; 
  
 Rosetta Resources Operating GP, LLC; and 
  
 Rosetta Resources Operating LP. 
  
 4) Deed of Trust, Fixture Filing, Assignment of As-Extracted Collateral, Security Agreement
and Financing Statement dated as of July 7, 2005 by Rosetta Resources Texas LP, as mortgagor, in favor of Evans Swann, as Trustee, for the benefit the Administrative Agent, the Lenders and others (Texas), and a name change notice filed in each
applicable county changing the mortgagor to Rosetta Resources Operating LP. 
  
 5)
Financing Statement in respect of item 4, and an amendment to reflect the change in debtor’s name. 
  
 6) Deed of Trust, Fixture Filing, Assignment of As-Extracted Collateral, Security Agreement and Financing Statement dated as of July 7, 2005 by Calpine Natural Gas L.P., as mortgagor, in favor of Evans Swann, as
Trustee, for the benefit the Administrative Agent, the Lenders and others (Texas), and a name change notice filed in each applicable county changing the mortgagor to Rosetta Resources Operating LP. 
  

 EXHIBIT F-1 

 7) Financing Statement in respect of item 6. 
  
 8) Deed of Trust, Fixture Filing, Assignment of As-Extracted Collateral, Security Agreement and Financing Statement dated as of July 7, 2005
by Rosetta Resources California, LLC, as mortgagor, in favor of Evans Swann, as Trustee, for the benefit the Administrative Agent, the Lenders and others (California), and a name change notice filed in each applicable county changing the mortgagor
to Rosetta Resources Operating LP. 
  
 9) Financing Statement in respect of item
8, and an amendment to reflect the change in debtor’s name. 
  
 10) Fee
Letter with Administrative Agent. 
  

 EXHIBIT F-1 

 SCHEDULE 7.15 
 SUBSIDIARIES AND PARTNERSHIPS; UNRESTRICTED SUBSIDIARIES 
  

					
	 Subsidiary

	 	 Owner(s)

	 	 Interest(s)

	Rosetta Resources Holdings, LLC	 	Rosetta Resources Inc.	 	100% (Restricted Subsidiary)
			
	Rosetta Resources Operating GP, LLC	 	Rosetta Resources Inc.	 	100% (Restricted Subsidiary)
			
	Rosetta Resources Operating LP	 	 Rosetta Resources Holdings, LLC
 Rosetta Resources
Operating GP, LLC
	 	 99% (Restricted Subsidiary)
 1%

			
	Rosetta Resources Offshore, LLC	 	Rosetta Resources Inc.	 	100% (Restricted Subsidiary)

  
 Rosetta Resources Offshore, LLC

  
 Jurisdiction of Organization: Delaware 
 Delaware Secretary of State File Number 3989132 
 Taxpayer Identification Number: 51-0546843 
 Location of chief executive office: c/o Calpine
Corporation, 717 Texas, Suite 2800, 
 Houston, Texas 77002 
 Other names and trade names used in the past five years: None 
  
 Rosetta Resources Operating LP 
  
 Jurisdiction of Organization: Delaware 
 Delaware Secretary of State File Number 3518137 
 Taxpayer Identification Number: 71-0882453 
 Location of chief executive office: c/o Calpine Corporation, 717 Texas, Suite 2800, Houston, Texas 77002  
 Other names and trade names used in the past five years: Calpine Natural Gas L.P. 
  
 Rosetta Resources Holdings, LLC 
  
 Jurisdiction of Organization: Delaware 
 Delaware Secretary of State File Number 3980115 
 Taxpayer Identification Number: 20-2943018 
 Location of chief executive office: c/o Corporation Services Company, 2711 Centerville Rd., Suite 400, Wilmington, Delaware 19808 
 Other names and trade names used in the past five years: Calpine Natural Gas Holdings, LLC 
  
 Rosetta Resources Operating GP, LLC 
  
 Jurisdiction of Organization: Delaware 
  

 SCHEDULE 7.15 

 Delaware Secretary of State File Number 3518133 
 Taxpayer Identification Number: 27-0011349 
 Location of chief executive office: c/o Calpine Corporation, 717 Texas, Suite 2800, Houston, Texas 77002 
 Other names and
trade names used in the past five years: Calpine Natural Gas GP, LLC 
  

 SCHEDULE 7.15

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