Document:

CREDIT AGREEMENT DATED 9-17-2004

 Exhibit 10.1 
  

  
 $1,000,000,000 
  
 CREDIT AGREEMENT

  
 Dated as of September 17, 2004 
  
 among 
  
 ONEOK, INC., 
 as the Borrower, 
  
 BANK OF AMERICA, N.A.,

 as Administrative Agent and 
 L/C Issuer, 
  
 CITIBANK, N.A., 
 as L/C Issuer, 
  
 and 
  
 The
Lenders Party Hereto 
  
 CITIBANK, N.A., 
 Syndication Agent 
  
 ABN AMRO BANK N.V., 
 BANK ONE, NA, 
 and 
 WACHOVIA BANK, NATIONAL ASSOCIATION,

 Co-Documentation Agents 
  
 BANC OF AMERICA SECURITIES LLC, 
 and

 CITIGROUP GLOBAL MARKETS INC. 
 Joint Lead Arrangers and Joint Book Managers 
  

 TABLE OF CONTENTS 
  

							
	ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS	  	4
	 	 	1.01	  	 Defined Terms
	  	4
	 	 	1.02	  	 Other Interpretive Provisions
	  	21
	 	 	1.03	  	 Accounting Terms
	  	22
	 	 	1.04	  	 Rounding
	  	22
	 	 	1.05	  	 References to Agreements and Laws
	  	22
	 	 	1.06	  	 Times of Day
	  	22
	 	 	1.07	  	 Letter of Credit Amounts
	  	22
		
	ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS	  	22
	 	 	2.01	  	 Loans
	  	22
	 	 	2.02	  	 Borrowings, Conversions and Continuations of Loans
	  	23
	 	 	2.03	  	 Letters of Credit
	  	24
	 	 	2.04	  	 Prepayments
	  	31
	 	 	2.05	  	 Termination or Reduction of Commitments
	  	32
	 	 	2.06	  	 Repayment of Loans
	  	32
	 	 	2.07	  	 Interest
	  	32
	 	 	2.08	  	 Fees
	  	33
	 	 	2.09	  	 Computation of Interest and Fees
	  	33
	 	 	2.10	  	 Evidence of Debt
	  	34
	 	 	2.11	  	 Payments Generally
	  	34
	 	 	2.12	  	 Sharing of Payments
	  	35
	 	 	2.13	  	 Increase in Commitments
	  	36
		
	ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY	  	37
	 	 	3.01	  	 Taxes
	  	37
	 	 	3.02	  	 Illegality
	  	39
	 	 	3.03	  	 Inability to Determine Rates
	  	39
	 	 	3.04	  	 Increased Costs; Reserves on Eurodollar Rate Loans
	  	39
	 	 	3.06	  	 Mitigation Obligations; Replacement of Lenders
	  	41
	 	 	3.07	  	 Survival
	  	42
		
	ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS	  	42
	 	 	4.01	  	 Conditions of Initial Credit Extension
	  	42
	 	 	4.02	  	 Conditions to all Credit Extensions
	  	43
		
	ARTICLE V. REPRESENTATIONS AND WARRANTIES	  	44
	 	 	5.01	  	 Existence, Qualification and Power; Compliance with Laws
	  	44
	 	 	5.02	  	 Authorization; No Contravention
	  	44
	 	 	5.03	  	 Governmental Authorization; Other Consents
	  	44
	 	 	5.04	  	 Binding Effect
	  	44
	 	 	5.05	  	 Financial Statements; No Material Adverse Effect
	  	44
	 	 	5.06	  	 Litigation
	  	45
	 	 	5.07	  	 No Default
	  	45
	 	 	5.08	  	 Ownership of Property; Liens
	  	45
	 	 	5.09	  	 Environmental Compliance
	  	45
	 	 	5.10	  	 Insurance
	  	45
	 	 	5.11	  	 Taxes
	  	46
	 	 	5.12	  	 ERISA Compliance
	  	46
	 	 	5.13	  	 Subsidiaries
	  	46

							
	 	 	5.14	  	 Margin Regulations; Investment Company Act; Public Utility Holding Company Act
	  	46
	 	 	5.15	  	 Disclosure
	  	47
	 	 	5.16	  	 Compliance with Laws
	  	47
	 	 	5.17	  	 No Burdensome Agreements.
	  	47
	 	 	5.18	  	 Intellectual Property; Licenses, Etc.
	  	47
		
	ARTICLE VI. AFFIRMATIVE COVENANTS	  	48
	 	 	6.01	  	 Financial Statements
	  	48
	 	 	6.02	  	 Certificates; Other Information
	  	49
	 	 	6.03	  	 Notices
	  	50
	 	 	6.04	  	 Payment of Obligations
	  	51
	 	 	6.05	  	 Preservation of Existence, Etc.
	  	51
	 	 	6.06	  	 Maintenance of Properties
	  	51
	 	 	6.07	  	 Maintenance of Insurance
	  	51
	 	 	6.08	  	 Compliance with Laws
	  	51
	 	 	6.09	  	 Books and Records
	  	51
	 	 	6.10	  	 Inspection Rights
	  	51
	 	 	6.11	  	 Use of Proceeds
	  	52
		
	ARTICLE VII. NEGATIVE COVENANTS	  	52
	 	 	7.01	  	 Liens
	  	52
	 	 	7.02	  	 Investments
	  	54
	 	 	7.03	  	 Fundamental Changes
	  	55
	 	 	7.04	  	 Change in Nature of Business
	  	55
	 	 	7.05	  	 Transactions with Affiliates
	  	55
	 	 	7.06	  	 Burdensome Agreements
	  	56
	 	 	7.07	  	 Use of Proceeds
	  	56
	 	 	7.08	  	 Debt to Capital
	  	56
	 	 	7.09	  	 Designation of Unrestricted MLP Subsidiaries; Investments in Unrestricted MLP Subsidiaries
	  	56
		
	ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES	  	58
	 	 	8.01	  	 Events of Default
	  	58
	 	 	8.02	  	 Remedies Upon Event of Default
	  	59
	 	 	8.03	  	 Application of Funds
	  	60
		
	ARTICLE IX. ADMINISTRATIVE AGENT	  	61
	 	 	9.01	  	 Appointment and Authority
	  	61
	 	 	9.02	  	 Rights as a Lender
	  	61
	 	 	9.03	  	 Exculpatory Provisions
	  	61
	 	 	9.04	  	 Reliance by Administrative Agent
	  	62
	 	 	9.05	  	 Delegation of Duties
	  	62
	 	 	9.06	  	 Resignation of Administrative Agent
	  	62
	 	 	9.07	  	 Non-Reliance on Administrative Agent and Other Lenders
	  	63
	 	 	9.08	  	 Administrative Agent May File Proofs of Claim
	  	63
	 	 	9.09	  	 Release of Lien on Cash Collateral Upon Expiration of Letters of Credit
	  	64
	 	 	9.10	  	 Other Agents; Arrangers and Managers
	  	64
		
	ARTICLE X. MISCELLANEOUS	  	64
	 	 	10.01	  	 Amendments, Etc.
	  	64
	 	 	10.02	  	 Notices and Other Communications; Facsimile Copies
	  	65
	 	 	10.03	  	 No Waiver; Cumulative Remedies
	  	66

  

 2 

							
	 	 	10.04	  	 Expenses; Indemnity; Damage Waiver
	  	67
	 	 	10.05	  	 Payments Set Aside
	  	68
	 	 	10.06	  	 Successors and Assigns
	  	68
	 	 	10.07	  	 Confidentiality
	  	72
	 	 	10.08	  	 Set-off
	  	72
	 	 	10.09	  	 Interest Rate Limitation
	  	73
	 	 	10.10	  	 Counterparts
	  	73
	 	 	10.11	  	 Integration, Effectiveness
	  	73
	 	 	10.12	  	 Survival of Representations and Warranties
	  	73
	 	 	10.13	  	 Severability
	  	74
	 	 	10.14	  	 Replacement of Lenders
	  	74
	 	 	10.15	  	 Governing Law
	  	74
	 	 	10.16	  	 Waiver of Right to Trial by Jury
	  	75
	 	 	10.17	  	 USA PATRIOT ACT NOTICE
	  	75
	 	 	10.18	  	 ENTIRE AGREEMENT
	  	75
	 	 	10.19	  	 Termination of Existing Credit Agreement
	  	76
			
	 	 	SIGNATURES	  	S-1

  
 SCHEDULES 
  

			
	1.01A	 	 Existing Letters of Credit

	1.01B	 	 Existing Sale and Leaseback Transactions

	2.01	 	 Commitments and Pro Rata Shares

	5.13	 	 Subsidiaries and Other Equity Investments

	10.02	 	 Administrative Agent’s Office, Certain Addresses for Notices

  
 EXHIBITS 
  

			
	 	 	 Form of

		
	A      	 	 Loan Notice

	B	 	 Note

	C	 	 Compliance Certificate

	D	 	 Assignment and Assumption

	E	 	 Opinion of Gable & Gotwals

	F	 	 Opinion of Locke Liddell & Sapp LLP

  

 3 

 CREDIT AGREEMENT 
  
 This CREDIT AGREEMENT (“Agreement”) is entered into as of September 17, 2004 among ONEOK, INC., an Oklahoma
corporation (the “Borrower”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent and L/C Issuer. 
  
 The Borrower has requested that the Lenders provide a revolving credit
facility, and the Lenders are willing to do so on the terms and conditions set forth herein. 
  
 In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 
  
 ARTICLE I. 
 DEFINITIONS AND
ACCOUNTING TERMS 
  
 1.01 Defined Terms. As used in
this Agreement, the following terms shall have the meanings set forth below: 
  
 “Administrative Agent” means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. 
  
 “Administrative Agent’s Office” means the
Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders. 
  
 “Administrative Questionnaire” means an Administrative
Questionnaire in a form supplied by the Administrative Agent. 
  
 “Affiliate” means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person 
  

 4 

 specified. “Control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. Without limiting the
generality of the foregoing, a Person shall be deemed to be Controlled by another Person if such other Person possesses, directly or indirectly, power to vote 10% or more of the securities having ordinary voting power for the election of directors,
managing general partners or the equivalent. 
  
 “Aggregate Commitments” means the Commitments of all the Lenders. 
  
 “Agreement” means this Credit Agreement. 
  
 “Applicable Rate” means, from time to time, the following percentages, set forth in basis points per annum, based upon the Debt Rating as set forth below: 
  

									
	 Pricing
Level

	  	 Debt Ratings
 S&P/Moody’s

	  	 Facility Fee

	  	 Applicable Rate
 for Eurodollar
 Loans and Letter
 of Credit Fee

	  	 Utilization
 Fee

	 1
	  	A+/A1 or better	  	7.5	  	20.0	  	12.5
	 2
	  	A/A2	  	8.0	  	24.5	  	12.5
	 3
	  	A-/A3	  	10.0	  	27.5	  	12.5
	 4
	  	BBB+/Baa1	  	12.5	  	37.5	  	12.5
	 5
	  	BBB/Baa2	  	15.0	  	60.0	  	12.5
	 6
	  	BBB-/Baa3	  	17.5	  	82.5	  	12.5
	 7
	  	 Lower than BBB-/
 Baa3 or unrated
	  	25.0	  	100.0	  	25.0

  
 “Debt Rating” means, as of any date of determination, the rating as determined by either S&P or Moody’s (collectively, the “Debt Ratings”) of the Borrower’s non-credit-enhanced, senior
unsecured long-term debt; provided that if a Debt Rating is issued by each of the foregoing rating agencies, then the higher of such Debt Ratings shall apply (with the Debt Rating for Pricing Level 1 being the highest and the Debt Rating for
Pricing Level 7 being the lowest), unless there is a split in Debt Ratings of more than one level, in which case the Pricing Level that is one level lower than the Pricing Level of the higher Debt Rating shall apply; provided, however,
in the case of any split in Debt Ratings, if one of the Debt Ratings is at Pricing Level 7, then Pricing Level 7 shall apply. 
  
 Initially, the Applicable Rate shall be determined based upon the Debt Rating specified in the certificate delivered pursuant to Section 4.01(a)(viii). Thereafter,
each change in the Applicable Rate resulting from a publicly announced change in the Debt Rating shall be effective, in the case of an upgrade, during the period commencing on the date of delivery by the Borrower to the Administrative Agent of
notice thereof pursuant to Section 6.03(f) and ending on the date immediately preceding the effective date of the next such change and, in the case of a downgrade, during the period commencing on the date of the public announcement thereof
and ending on the date immediately preceding the effective date of the next such change. 
  
 “Approved Fund” has the meaning set forth in Section 10.06(g). 
  
 “Arrangers” means Banc of America Securities LLC, and Citigroup Global Markets Inc., each in its capacity as joint lead arranger
and joint book manager. 
  

 5 

 “Assignment and Assumption” means an Assignment and Assumption substantially in the form
of Exhibit D. 
  
 “Attorney Costs” means
and includes all fees, expenses and disbursements of any law firm or other external counsel. 
  
 “Attributable Indebtedness” means, on any date, (a) in respect of any capital lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of
such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the capitalized amount of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in
accordance with GAAP if such lease were accounted for as a capital lease. 
  
 “Audited Financial Statements” means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2003 and the related consolidated statements of
income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto. 
  
 “Availability Period” means the period from and including the Closing Date to the earliest of (a) the Maturity Date, (b) the date of
termination of the Aggregate Commitments pursuant to Section 2.05, and (c) the date of termination of the commitment of each Lender to make Loans and of the obligation of the of the L/C Issuer to make L/C Credit Extensions pursuant to
Section 8.02. 
  
 “Bank of America” means
Bank of America, N.A. and its successors. 
  
 “Base
Rate” means for any day a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its
“prime rate.” The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point
for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.

  
 “Base Rate Loan” means a Loan that bears
interest based on the Base Rate. 
  
 “Borrower”
has the meaning specified in the introductory paragraph hereto. 
  
 “Borrowing” means a borrowing consisting of simultaneous Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  
 “Business Day” means any day other than a
Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and, if such day relates to any Eurodollar Rate Loan,
means any such day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market. 
  
 “Cash Collateralize” has the meaning specified in Section 2.03(g). 
  

 6 

 “Change of Control” means, with respect to any Person, an event or series of events by
which: 
  
 (a) any “person” or
“group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee,
agent or other fiduciary or administrator of any such plan) after the Closing Date becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed
to have “beneficial ownership” of all securities that such person or group has the right to acquire (such right, an “option right”), whether such right is exercisable immediately or only after the passage of time),
directly or indirectly, of 25% or more of the equity securities of such Person entitled to vote for members of the board of directors or equivalent governing body of such Person on a fully-diluted basis (and taking into account all such securities
that such person or group has the right to acquire pursuant to any option right); or 
  
 (b) during any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent governing body of
such Person cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals
referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was
approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body (excluding, in the case of both clause (ii) and clause (iii),
any individual whose initial nomination for, or assumption of office as, a member of that board or equivalent governing body occurs as a result of an actual or threatened solicitation of proxies or consents for the election or removal of one or more
directors by any person or group other than a solicitation for the election of one or more directors by or on behalf of the board of directors). 
  
 “Closing Date” means the first date all the conditions precedent in Section 4.01 are satisfied or waived in accordance with
Section 4.01 (or, in the case of Section 4.01(b), waived by the Person entitled to receive the applicable payment). 
  
 “Code” means the Internal Revenue Code of 1986. 
  

“Commercial Paper Borrowing” means a Borrowing of Loans the entire proceeds of which are used, within five (5) Business Days of
disbursement, to repay commercial paper issued by the Borrower. 
  
 “Commitment” means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01 or (b) purchase participations in L/C Obligations, in an aggregate principal amount at any
one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted
from time to time in accordance with this Agreement. 
  
 “Compliance Certificate” means a certificate substantially in the form of Exhibit C. 
  
 “Consolidated Total Indebtedness” means, as of any date of determination, Indebtedness of the Borrower and its Restricted Subsidiaries on
a consolidated basis. For purposes of (i) calculating compliance with Section 7.08, (ii) calculating the ratio of Consolidated Total Indebtedness to Total Capital for the certificate of a Responsible Officer to be delivered on the Closing
Date pursuant to Section 4.01(a)(viii), and (iii) calculating Consolidated Total Indebtedness in Schedule 2 to the Compliance 
  

 7 

 Certificate delivered pursuant to Section 6.02(a), the following shall apply: (A) the definition of “Swap
Contract” shall not include any type of commodity swap transaction, commodity options, forward commodity contracts, commodity cap transactions, commodity floor transactions, commodity collar transactions, or commodity spot contracts and (B) the
definition of “Swap Termination Value” shall exclude such commodity contracts and transactions. 
  
 “Consolidated Net Worth” means, as of any date of determination, consolidated shareholders’ equity, determined in accordance with
GAAP, of the Borrower and its Restricted Subsidiaries as of that date. 
  
 “Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its
property is bound. 
  
 “Control” has the meaning
specified in the definition of “Affiliate.” 
  
 “Convertibles” means any unsecured notes, bonds, debentures, or similar instruments issued by the Borrower after March 14, 2003 the terms of which are substantially similar in all material respects to the terms of the
Pledged Notes and each of which is issued as part of a unit the terms of which are substantially similar in all material respects to the terms of the Corporate Units; provided, however that such notes, bonds, debentures, or similar instruments shall
be “Convertibles” hereunder only for so long as such notes, bonds, debentures, or similar instruments, or Substitute Treasury Securities, remain pledged for the benefit of the Borrower to secure obligations of the obligor under the
associated equity purchase contract pursuant to terms similar to those governing the Pledged Notes and Corporate Units. 
  
 “Corporate Unit” and “Corporate Units” means those certain “Corporate Units,” as described in Borrower’s
prospectus supplement dated January 23, 2003 in an aggregate face amount of $402,500,000, which includes the full exercise by the underwriters of their over-allotment options. 
  
 “Credit Extension” means each of the following: (a) a Borrowing, and (b) an L/C Credit Extension.

  
 “Debt Rating” has the meaning set forth in
the definition of “Applicable Rate.” 
  
 “Debtor
Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar
debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 
  
 “Default” means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time,
or both, would be an Event of Default. 
  
 “Default
Rate” means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus (iii) 2% per annum;
provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, and (b) when
used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus 2% per annum, in each case to the fullest extent permitted by applicable Laws. 
  

 8 

 “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the
Loans or participations in L/C Obligations required to be funded by it hereunder within one Business Day of the date required to be funded by it hereunder, (b) has otherwise failed to pay over to the Administrative Agent or any other Lender any
other amount required to be paid by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute, or (c) during the Availability Period, has been deemed insolvent or become the subject of a bankruptcy or
insolvency proceeding. 
  
 “Dispose” means the
sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts
receivable or any rights and claims associated therewith. 
  
 “Dollar” and “$” mean lawful money of the United States. 
  
 “Eligible Assignee” has the meaning specified in Section 10.06(g). 
  
 “Environmental Laws” means any and all Federal, state, local, and foreign statutes, laws, regulations,
ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the
environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 
  
 “Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental
remediation, fines, penalties or indemnities), of the Borrower, or its Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or
disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which
liability is assumed or imposed with respect to any of the foregoing. 
  
 “ERISA” means the Employee Retirement Income Security Act of 1974. 
  
 “ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the Borrower within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o)
of the Code for purposes of provisions relating to Section 412 of the Code). 
  
 “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by the Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan
year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any
ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to terminate, the treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or
the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any
Pension Plan or Multiemployer Plan; or (f) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate. 
  
 “Eurodollar Rate” means, for any Interest Period with
respect to a Eurodollar Rate Loan, the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by 
  

 9 

 Reuters (or other commercially available source providing quotations of BBA LIBOR as designated by the Administrative
Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such
Interest Period. If such rate is not available at such time for any reason, then the “Eurodollar Rate” for such Interest Period shall be the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars
for delivery on the first day of such Interest Period in same day funds in the approximate amount of the Eurodollar Rate Loan being made, continued or converted by Bank of America and with a term equivalent to such Interest Period would be offered
by Bank of America’s London Branch to major banks in the London interbank eurodollar market at their request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period. 
  
 “Eurodollar Rate Loan” means a Loan that bears interest at a
rate based on the Eurodollar Rate. 
  
 “Event of
Default” has the meaning specified in Section 8.01. 
  
 “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) taxes imposed
on or measured by its overall net income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in
which its principal office is located or, in the case of any Lender, in which its applicable Lending Office is located, (b) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which the
Borrower is located and (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under Section 10.14), any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such
Foreign Lender becomes a party hereto (or designates a new Lending Office) or is attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in Law) to comply with Section 3.01(e), except to the extent
that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new Lending Office (or assignment), to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section
3.01(a). 
  
 “Existing Credit Agreement”
means that certain Credit Agreement dated as of September 22, 2003 among the Borrower, Bank of America, N.A. as administrative agent, and a syndicate of lenders, as amended. 
  
 “Existing Lenders” shall mean the lenders under the Existing Credit Agreement. 
  
 “Existing Letters of Credit” shall mean the letters of
credit described on Schedule 1.01A. 
  
 “Federal
Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by
the Federal Reserve Bank on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so
published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of
1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent. 
  
 “Fee Letter” means each of (a) the letter agreement, dated August 18, 2004, among the Borrower, the Administrative Agent and Bank of
America as Joint Lead Arranger, and (b) the letter agreement dated August 17, 2004 among the Borrower, Citibank, N.A., and Citigroup Global Markets Inc. as Joint Lead Arranger. 
  

 10 

 “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction
other than that in which the Borrower is resident for tax purposes. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 
  
 “FRB” means the Board of Governors of the Federal Reserve
System of the United States. 
  
 “Fund” has the
meaning specified in Section 10.06(g). 
  
 “GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and
statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date
of determination, consistently applied. 
  
 “Governmental
Authority” means any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 
  
 “GP-MLP” means a Subsidiary of the Borrower that holds general partner interests in an MLP. 
  
 “Granting Lender” has the meaning specified in Section
10.06(i). 
  
 “Guarantee” means, as to any
Person, any (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any
manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or
lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity
capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring
in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person
securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person. The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount
of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good
faith. The term “Guarantee” as a verb has a corresponding meaning. 
  
 “Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos
or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law. 
  

 11 

 “Hydrocarbon Interests” means all rights, titles, interests and estates now owned or
hereafter acquired by the Borrower or any of its Restricted Subsidiaries in any and all oil, gas and other liquid or gaseous hydrocarbon properties and interests, including without limitation, mineral fee or lease interests, production sharing
agreements, concession agreements, license agreements, service agreements, risk service agreements or similar Hydrocarbon interests granted by an appropriate Governmental Authority, farmout, overriding royalty and royalty interests, net profit
interests, oil payments, production payment interests and similar interests in Hydrocarbons, including any reserved or residual interests of whatever nature. 
  
 “Hydrocarbons” means oil, gas, casing head gas, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons, all products refined,
separated, settled and dehydrated therefrom, including, without limitation, kerosene, liquefied petroleum gas, refined lubricating oils, diesel fuel, drip gasoline, natural gasoline, helium, sulfur and all other minerals. 
  
 “Indebtedness” means, as to any Person at a particular time,
without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: 
  
 (a) all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan
agreements or other similar instruments; 
  
 (b)
all direct or contingent obligations of such Person arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 
  
 (c) net obligations of such Person under any Swap Contract;

  
 (d) all obligations of such Person to pay the
deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business); 
  
 (e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including
indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse; 
  
 (f) capital leases and Synthetic Lease Obligations; 
  
 (g) Off-Balance Sheet Liabilities; and 
  
 (h) all Guarantees of such Person in respect of any of the
foregoing. 
  
 For all purposes hereof, the Indebtedness of any
Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness
is expressly made non-recourse to such Person. The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. The amount of any capital lease or Synthetic Lease
Obligation as of any date shall be deemed to be the amount of Attributable Indebtedness in respect thereof as of such date. 
  
 “Indemnified Taxes” means Taxes other than Excluded Taxes. 
  
 “Indemnitee” has the meaning set forth in Section 10.04. 
  

 12 

 “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the last
day of each Interest Period applicable to such Loan and the Maturity Date; provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the respective dates that fall every three months after the
beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each March, June, September and December and the Maturity Date. 
  
 “Interest Period” means, as to each Eurodollar Rate Loan,
the period commencing on the date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the Borrower in its Loan Notice;
provided that: 
  
 (i) any Interest Period
that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business
Day; 
  
 (ii) any Interest Period that begins on
the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest
Period; and 
  
 (iii) no Interest Period shall
extend beyond the Maturity Date. 
  
 “Investment”
means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of capital stock or other securities of another Person, (b) a loan, advance or capital contribution
to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person, or (c) the purchase or other
acquisition (in one transaction or a series of transactions) of assets of another Person that constitute a business unit. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for
subsequent increases or decreases in the value of such Investment. 
  
 “IRS” means the United States Internal Revenue Service. 
  
 “ISP” has the meaning set forth in Section 2.03(h). 
  
 “Issuer Documents” means with respect to any Letter of Credit, the Letter Credit Application, and any other document, agreement and
instrument entered into by the L/C Issuer and the Borrower (or any Restricted Subsidiary) or in favor the L/C Issuer and relating to any such Letter of Credit. 
  

“Laws” means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines, regulations,
ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all
applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 
  
 “L/C Advance” means, with respect to each Lender, such
Lender’s funding of its participation in any L/C Borrowing in accordance with its Pro Rata Share. 
  

 13 

 “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter
of Credit which has not been reimbursed on the date when made or refinanced as a Borrowing. 
  
 “L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the renewal or increase of the amount thereof. 
  
 “L/C Issuer” means each of Bank of America and Citibank,
N.A. in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder. As used herein, the term “the L/C Issuer” shall mean “each L/C Issuer” or “the applicable L/C
Issuer,” as the context may require. 
  
 “L/C Issuer
Commitment” means (a) with respect to each of Bank of America, N.A. and Citibank, N.A., $250,000,000, and (b) with respect to any Lender which agrees to be an L/C Issuer after the Effective Date, the aggregate face amount of Letters of
Credit that such L/C Issuer has agreed in writing to issue as of the date such Lender became a L/C Issuer. 
  
 “L/C Obligations” means, as at any date of determination, the aggregate undrawn amount of all outstanding Letters of Credit plus
the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section
1.07. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP or applicable law, such Letter
of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 
  
 “Lender” has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the L/C Issuer.

  
 “Lending Office” means, as to any Lender, the
office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent. 
  
 “Letter of Credit” means any standby letter of credit issued
hereunder and shall include the Existing Letters of Credit. 
  
 “Letter of Credit Application” means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer. 
  
 “Letter of Credit Expiration Date” means the day that is one
month prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day). 
  
 “Letter of Credit Fee” has the meaning set forth in Section 2.03(i). 
  
 “Letter of Credit Sublimit” means an amount equal to $500,000,000. The Letter of Credit Sublimit is part
of, and not in addition to, the Aggregate Commitments. 
  
 “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind
or nature whatsoever (including any conditional sale or other title retention agreement, and any financing lease having substantially the same economic effect as any of the foregoing). 
  

 14 

 “Loans” means the Revolving Loans. 
  
 “Loan Documents” means this Agreement, each Note, each
Issuer Document, and each Fee Letter. 
  
 “Loan
Notice” means a notice of (a) a Borrowing, (b) a conversion of Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of
Exhibit A. 
  
 “Material Adverse Effect”
means (a) a material adverse change in, or a material adverse effect upon, the financial condition of the Borrower and its Restricted Subsidiaries taken as a whole; provided however, (i) a downgrade by S&P and/or Moody’s of their respective
Debt Rating shall not, in and of itself, be deemed to be a Material Adverse Effect, and (ii) the fact that the Borrower is unable to borrow in the commercial paper market shall not, in and of itself, be deemed to be a Material Adverse Effect; but
for purposes of clarity in interpreting the foregoing clauses (i) and (ii), it is agreed that the event(s), change(s), circumstance(s) or condition(s) that causes such downgrade (or an announcement of a potential downgrade or a review for possible
ratings change) of the Debt Rating or that causes such inability of the Borrower to borrow in the commercial paper market, and the effect or change caused by such downgrade (or an announcement of a potential downgrade or a review for possible
ratings change) of the Debt Rating or by such inability to borrow, will be considered in determining whether there has been a Material Adverse Effect; (b) a material impairment of the ability of the Borrower to perform its obligations under any Loan
Document to which it is a party; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against the Borrower of any Loan Document to which it is a party. 
  
 “Material Portion” of a Person’s assets means that the
book value of such assets, when aggregated with the book value of all other assets Disposed of by such Person and its consolidated Subsidiaries since the Closing Date, equals 25% or more of the total book value of the assets of such Person and its
consolidated Subsidiaries. 
  
 “Maturity Date”
means September 16, 2009. 
  
 “MLP” means a
Subsidiary of the Borrower that is a master limited partnership with one or more classes of securities registered under the Securities Act of 1933 or the Securities Exchange Act of 1934, that is engaged in business of purchasing, gathering,
compression, transportation, distribution, marketing, or storage of natural gas and compressed natural gas, the exploration or production of natural gas or oil or the processing of natural gas liquids, the underground piping of natural gas
distribution systems, other natural gas-related businesses, or the generation and marketing of electricity, and businesses closely related thereto. As of the Closing Date, the Borrower does not have any Subsidiary that is an MLP. 
  
 “MLP Subsidiary” means a Subsidiary of the Borrower that is
an MLP or a GP-MLP. 
  
 “Moody’s” means
Moody’s Investors Service, Inc. and any successor thereto. 
  
 “Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding
five plan years, has made or been obligated to make contributions. 
  
 “Note” means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit B. 
  

 15 

 “Obligations” means all advances to, and debts, liabilities, obligations, covenants and
duties of, the Borrower arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or
hereafter arising and including interest and fees that accrue after the commencement by or against the Borrower or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless
of whether such interest and fees are allowed claims in such proceeding. 
  
 “Off-Balance Sheet Liabilities” means, with respect to the Borrower as of any date of determination thereof, without duplication and to the extent not included as a liability on the consolidated
balance sheet of the Borrower and its Restricted Subsidiaries in accordance with GAAP: (a) with respect to any asset securitization transaction (including any accounts receivable purchase facility) (i) the unrecovered investment of purchasers or
transferees of assets so transferred and (ii) any other payment, recourse, repurchase, hold harmless, indemnity or similar obligation of the Borrower or any of its Restricted Subsidiaries in respect of assets transferred or payments made in respect
thereof, other than limited recourse provisions that are customary for transactions of such type and that neither (x) have the effect of limiting the loss or credit risk of such purchasers or transferees with respect to payment or performance by the
obligors of the assets so transferred nor (y) impair the characterization of the transaction as a true sale under applicable Laws (including Debtor Relief Laws); (b) any Synthetic Lease Obligation; (c) the monetary obligations under any sale and
leaseback transaction which does not create a liability on the consolidated balance sheet of the Borrower and its Restricted Subsidiaries, provided that Off-Balance Sheet Liabilities of the Borrower and its Restricted Subsidiaries
shall not include the existing sale and leaseback transactions described on Schedule 1.01B, provided that the documents governing such transactions are not amended after the Closing Date so as to increase the amount of the Borrower’s or
its Restricted Subsidiaries’ total payment obligations thereunder; or (d) any other monetary obligation arising with respect to any other transaction which (i) upon the application of any Debtor Relief Law to the Borrower or any of its
Restricted Subsidiaries, would be characterized as indebtedness or (ii) is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the consolidated balance sheet of the Borrower and its Subsidiaries
(for purposes of this clause (d), any transaction structured to provide tax deductibility as interest expense of any dividend, coupon or other periodic payment will be deemed to be the functional equivalent of a borrowing). 
  
 “Oil and Gas Agreements” means operating agreements,
processing agreements, farm-out and farm-in agreements, development agreements, area of mutual interest agreements, contracts for the gathering and/or transportation of oil and natural gas, unitization agreements, pooling arrangements, joint bidding
agreements, joint venture agreements, participation agreements, surface use agreements, service contracts, leases and subleases of Oil and Gas Properties or other similar agreements which are customary in the oil and gas business, howsoever
designated, in each case made or entered into in the ordinary course of the oil and gas business as conducted by the Borrower and its Restricted Subsidiaries. 
  

“Oil and Gas Properties” means (a) Hydrocarbon Interests; (b) the Property now or hereafter pooled or unitized with Hydrocarbon
Interests; (c) all presently existing or future unitization, pooling agreements and declarations of pooled units and the units created thereby (including, without limitation, all units created under orders, regulations and rules of any Governmental
Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and other agreements which relate to any of the Hydrocarbon Interests or the production, sale, purchase, exchange or processing of
Hydrocarbons from or attributable to such Hydrocarbon Interest; (e) all Hydrocarbons in and under and which may be produced and saved or attributable to the Hydrocarbon Interests, the lands covered thereby and all oil in tanks and all rents, issues,
profits, proceeds, products, revenues and other income from or attributable to the Hydrocarbon Interests; and (f) all tenements, hereditaments, appurtenances and 
  

 16 

 property in any manner appertaining, belonging, affixed or incidental to the Hydrocarbon Interests, and any and all
property, now owned or hereinafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or property (excluding drilling rigs, automotive equipment or
other personal property which may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil wells, gas wells, injection wells or other wells, buildings, structures, fuel separators,
liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements,
cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing. 
  
 “Organization Documents” means, (a) with respect to any
corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles
of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any
agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate
or articles of formation or organization of such entity. 
  
 “Other Taxes” means all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the
execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document. 
  
 “Outstanding Amount” means (i) with respect to Loans, on any date, the aggregate outstanding principal amount thereof after giving effect
to any borrowings and prepayments or repayments of Loans, occurring on such date; and (ii) with respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on
such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of Credit or any reductions in the maximum amount available
for drawing under Letters of Credit taking effect on such date. 
  
 “Participant” has the meaning specified in Section 10.06(d). 
  
 “PBGC” means the Pension Benefit Guaranty Corporation. 
  
 “Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a
Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a
multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years. 
  
 “Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership,
Governmental Authority or other entity. 
  

 17 

 “Plan” means any “employee benefit plan” (as such term is defined in Section
3(3) of ERISA) established by the Borrower or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate. 
  
 “Pledged Note” means each promissory note that constitutes part of a Corporate Unit, provided that such
note shall be a “Pledged Note” hereunder only for so long as such Pledged Note, or Substitute Treasury Securities, remain(s) pledged for the benefit of the Borrower to secure obligations of the obligor under the associated equity purchase
contract. 
  
 “Pro Rata Share” means, with
respect to each Lender at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Commitment of such Lender at such time and the denominator of which is the amount of the
Aggregate Commitments at such time; provided that if the commitment of each Lender to make Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02 or has otherwise expired,
then the Pro Rata Share of each Lender shall be determined based on the Pro Rata Share of such Lender immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms hereof. The initial Pro Rata
Share of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. 
  
 “Qualifying Obligations” means the Pledged Notes,
Convertibles and Subordinated Securities. 
  
 “Register” has the meaning set forth in Section 10.06(c). 
  
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of such Person’s
Affiliates. 
  
 “Reportable Event” means any of
the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived. 
  
 “Request for Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Loans, a Loan Notice and (b) with
respect to an L/C Credit Extension, a Letter of Credit Application. 
  
 “Required Lenders” means, as of any date of determination, Lenders having more than 50% of the Aggregate Commitments or, if the commitment of each Lender to make Loans and the obligation of the L/C Issuer to make L/C Credit
Extensions have been terminated pursuant to Section 8.02, Lenders holding in the aggregate more than 50% of the Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations
being deemed “held” by such Lender for purposes of this definition); provided that the Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a
determination of Required Lenders. 
  
 “Responsible
Officer” means the chief executive officer, president, vice president with responsibility for financial matters, chief financial officer, treasurer or assistant treasurer of the Borrower. Any document delivered hereunder that is signed by a
Responsible Officer of the Borrower shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of the Borrower and such Responsible Officer shall be conclusively presumed to have
acted on behalf of the Borrower. 
  

 18 

 “Restricted Subsidiary” means each Subsidiary of the Borrower that is not an
Unrestricted MLP Subsidiary. 
  
 “Revolving
Loans” has the meaning specified in Section 2.01. 
  
 “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. and any successor thereto. 
  

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.

  
 “SPC” has the meaning specified in Section
10.06(i). 
  
 “Subordinated Securities” means
unsecured bonds, debentures, notes or similar instruments issued by the Borrower in connection with the issuance, by a Restricted Subsidiary of the Borrower or by the Borrower, of equity securities that represent direct or indirect interests in such
bonds, debentures, notes or similar instruments, provided that 
  
 (a) (i) such bonds, debentures, notes or similar instruments and such securities are not subject to mandatory redemption at any time that is earlier than the date that is three (3) months after the Maturity Date (the
“Earliest Permitted Payment Date”), are not subject to redemption at the option of the holder thereof at any time that is earlier than the Earliest Permitted Payment Date, do not mature on a date that is earlier than the
Earliest Permitted Payment Date, and do not require any principal payment on any date that is earlier than the Earliest Permitted Payment Date, (ii) such bonds, debentures, notes or similar instruments, and any guaranty associated therewith or
associated with such securities, is subordinate in right of payment to the unsecured and unsubordinated indebtedness of the Borrower upon terms satisfactory to the Administrative Agent, and (iii) the terms of such instruments and of such securities
permit the Borrower to elect to defer payment of interest and distributions thereon to a date occurring not earlier than the Earliest Permitted Payment Date; or 
  
 (b) (i) the terms of such bonds, debentures, notes or similar instruments are similar to the terms of the
Pledged Notes, (ii) such bonds, debentures, notes or similar instruments are issued as part of a unit the terms of which are similar to the Corporate Units, and (iii) such bonds, debentures, notes or similar instruments, and any guaranty associated
therewith, are subordinate in right of payment to the unsecured and unsubordinated indebtedness of the Borrower upon terms satisfactory to the Administrative Agent; provided, however that such Subordinated Securities that satisfy the qualifications
set forth in the foregoing clauses (i), (ii) and (iii) of this clause (b) shall be “Subordinated Securities” hereunder only for so long as such Subordinated Security, or Substitute Treasury Securities, remain(s) pledged for the benefit of
the Borrower to secure obligations of the holder thereof under the associated equity purchase contract pursuant to terms similar to those governing the Pledged Notes and Corporate Units. 
  
 “Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or
other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the
happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references
herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower. 
  

 19 

 “Substitute Treasury Securities” means U.S. Treasury securities that have been
substituted for Qualifying Obligations, in a total principal amount at maturity equal to the aggregate principal amount of the Qualifying Obligations for which substitution is being made, that are pledged for the benefit of the Borrower to secure
obligations of the obligor under the associated equity purchase contract, provided that in the case of Convertibles and Subordinated Securities, the terms of such substitution and pledge shall be similar to the terms governing the substitution of
U.S. Treasury securities for Pledged Notes and the pledge of such U.S. Treasury securities to secure holders of associated purchase contracts. 
  
 “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions,
commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate
options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any
combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related
confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other
master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 
  
 “Swap Termination Value” means, in respect of any one or
more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s)
determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more
mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender). 
  
 “Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a so-called synthetic,
off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be
characterized as the indebtedness of such Person (without regard to accounting treatment). 
  
 “Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest,
additions to tax or penalties applicable thereto. 
  
 “Threshold Amount” means $100,000,000. 
  
 “Total Capital” means, at any time, the sum of (a) Consolidated Total Indebtedness and (b) Consolidated Net Worth. 
  
 “Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C Obligations. 
  
 “Type” means, with respect to a Loan, its character as a
Base Rate Loan or a Eurodollar Rate Loan. 
  

 20 

 “Unfunded Pension Liability” means the amount (if any) by which the present value of a
Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, determined using actuarial assumptions for funding purposes which are equal to the assumptions used by the Pension Plan’s actuary for funding said Pension Plan pursuant
to Section 412 of the Code for the applicable plan year, exceeds the current fair market value of such Pension Plan’s assets. 
  
 “Uninsured Liabilities” shall mean any losses, damages, costs, expenses and/or, liabilities (including any losses, damages, costs,
expenses or liabilities resulting from property damage or casualty, general liability, workers’ compensation claims and business interruption) incurred by the Borrower or any Restricted Subsidiary which are not covered by insurance, but with
respect to which insurance coverage is available to Persons engaged in the same or similar business as the Borrower and its Restricted Subsidiaries. 
  
 “United States” and “U.S.” mean the United States of America. 
  
 “Unreimbursed Amount” has the meaning set forth in
Section 2.03(c)(i). 
  
 “Unrestricted MLP
Subsidiary” means (i) each MLP Subsidiary that has been designated by the Borrower pursuant to Section 7.09(a) as an Unrestricted Subsidiary and (ii) each Subsidiary of each of the foregoing. 
  
 1.02 Other Interpretive Provisions. With reference to this Agreement
and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 
  
 (a) The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms. 
  
 (b) (i) The words “herein,” “hereto,”
“hereof” and “hereunder” and words of similar import when used in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof. 
  
 (ii) Article, Section, Exhibit and Schedule references are
to the Loan Document in which such reference appears. 
  
 (iii) The words “include,” “includes” and “including” is by way of example and not limitation. 
  
 (iv) The term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports,
financial statements and other writings, however evidenced, whether in physical or electronic form. 
  
 (v) The words “asset” and “property” shall be construed to have the same meaning and effect and to refer
to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 
  
 (c) In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and
including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and including.” 
  

 21 

 (d) Section headings herein and in the other Loan Documents are included for convenience of reference
only and shall not affect the interpretation of this Agreement or any other Loan Document. 
  
 1.03 Accounting Terms. (a) All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial
calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited
Financial Statements, except as otherwise specifically prescribed herein. 
  
 (b) If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the
Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders);
provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Borrower shall provide to the Administrative Agent and the Lenders financial
statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP.

  
 1.04 Rounding. Any financial ratios required to be
maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and
rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 
  
 1.05 References to Agreements and Laws. Unless otherwise expressly provided herein, (a) references to Organization Documents, agreements (including
the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but only to the extent that such amendments, restatements, extensions,
supplements and other modifications are not prohibited by any Loan Document; and (b) references to any Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Law. 

 
 1.06 Times of Day. Unless otherwise specified, all references
herein to times of day shall be references to Central time (daylight or standard, as applicable). 
  
 1.07 Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated
amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides for one or more automatic increases
in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such
time. 
  
 ARTICLE II. 
 THE COMMITMENTS AND CREDIT EXTENSIONS 
  
 2.01 Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Revolving
Loan”) to the Borrower from time to time, on any Business 
  

 22 

 Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such
Lender’s Commitment; provided, however, that after giving effect to any Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Loans of any Lender,
plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof,
the Borrower may borrow under this Section 2.01, prepay under Section 2.04, and reborrow under this Section 2.01. Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. 
  
 2.02 Borrowings, Conversions and Continuations of Loans. 

 
 (a) Each Borrowing, each conversion of Loans from one Type to the other,
and each continuation of Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 10:00
a.m. (i) three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans, and (ii) on the requested date of any Borrowing of
Base Rate Loan. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer
of the Borrower. Each Borrowing of, conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as provided in Section 2.03(c), each Borrowing
of or conversion to Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Borrowing, a
conversion of Loans from one Type to the other, or a continuation of Eurodollar Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans
to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify a Type of
Loan in a Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be
effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any such Loan Notice, but
fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. 
  
 (b) Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Pro Rata Share of the applicable
Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans described in the preceding subsection. In the
case of a Borrowing, each Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the
applicable Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent shall make all funds so received
available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in
accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower; provided, however, that if, on the date the Loan Notice with respect to such Borrowing is given by the Borrower, there
are L/C Borrowings outstanding, then the proceeds of such Borrowing shall be applied, first, to the payment in full of any such L/C Borrowings and second, to the Borrower as provided above. 
  

 23 

 (c) Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the
last day of an Interest Period for such Eurodollar Rate Loan. During the existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans without the consent of the Required Lenders. 
  
 (d) The Administrative Agent shall promptly notify the Borrower and the
Lenders of the interest rate applicable to any Interest Period for Eurodollar Rate Loans upon determination of such interest rate. The determination of the Eurodollar Rate by the Administrative Agent shall be conclusive in the absence of manifest
error. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used in determining the Base Rate promptly following the public
announcement of such change. 
  
 (e) After giving effect to all
Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as the same Type, there shall not be more than six Interest Periods in effect with respect to Loans. 
  
 2.03 Letters of Credit. 
  
 (a) The Letter of Credit Commitment. 
  
 (i) Subject to the terms and conditions set forth herein,
(A) each L/C Issuer agrees, in reliance upon the agreements of the other Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the day that is seven days prior to the
Letter of Credit Expiration Date, to issue Letters of Credit for the account of the Borrower and to amend or renew Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor drafts under the Letters of
Credit; and (B) the Lenders severally agree to participate in Letters of Credit issued for the account of the Borrower; provided that an L/C Issuer shall not be obligated to make any L/C Credit Extension with respect to any Letter of Credit,
and no Lender shall be obligated to participate in any Letter of Credit if as of the date of such L/C Credit Extension, (x) the Total Outstandings would exceed the Aggregate Commitments, (y) the aggregate Outstanding Amount of the Loans of any
Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations would exceed such Lender’s Commitment, or (z) the Outstanding Amount of the L/C Obligations under Letters of Credit issued by such L/C Issuer
would exceed such L/C Issuer’s L/C Issuer Commitment. Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Borrower that the L/C Credit Extension so requested complies
with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly
the Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed. All Letters of Credit shall be standby letters of credit issued to support the
payment or performance obligations of the Borrower or its Restricted Subsidiaries. All Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms
and conditions hereof. 
  
 (ii) (A) The L/C
Issuer shall be under no obligation to issue any Letter of Credit if any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the L/C Issuer from issuing such Letter of Credit, or any
Law 
  

 24 

 applicable to the L/C Issuer or any request or directive (whether or not having the force of law) from
any Governmental Authority with jurisdiction over the L/C Issuer shall prohibit, or request that the L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the L/C Issuer with
respect to such Letter of Credit any restriction, reserve or capital requirement (for which the L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the L/C Issuer any unreimbursed loss, cost or
expense which was not applicable on the Closing Date and which the L/C Issuer in good faith deems material to it. 
  
 (B) The L/C Issuer shall not issue a Letter of Credit if the expiry date of such requested Letter of Credit would occur more than four (4)
years and eleven (11) months after the date of issuance or last renewal, unless all Lenders have approved such expiry date. 
  
 (C) The expiry date of any Letter of Credit may not occur after the Letter of Credit Expiration Date, unless all Lenders have approved
such expiry date. 
  
 (D) The L/C Issuer shall be
under no obligation to issue any Letter of Credit if the issuance of such Letter of Credit would violate one or more policies of the L/C Issuer, or such Letter of Credit is in an initial stated amount less than $500,000 or is to be denominated in a
currency other than Dollars. 
  
 (E) The L/C
Issuer shall be under no obligation to issue any Letter of Credit that by its terms, or by the terms of any Issuer Document related thereto, provides for one or more automatic increases or decreases in the stated amount thereof. 
  
 (iii) The L/C Issuer shall be under no obligation to amend
any Letter of Credit if (A) the L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to
such Letter of Credit. 
  
 (iv) The L/C Issuer
shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and the L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article
IX with respect to any acts taken or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term
“Administrative Agent” as used in Article IX included the L/C Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to the L/C Issuer. 
  
 (b) Procedures for Issuance and Amendment of Letters of Credit;
Auto-Renewal Letters of Credit. 
  
 (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately
completed and signed by a Responsible Officer of the Borrower. Such Letter of Credit Application must be received by the L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as the
Administrative Agent and the applicable L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a
Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer: (A) the proposed 
  

 25 

 issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof;
(C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in
case of any drawing thereunder; and (G) such other matters as the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory
to the L/C Issuer (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C Issuer may require. Additionally,
the Borrower shall furnish to the L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the
Administrative Agent may require. 
  
 (ii)
Promptly after receipt of any Letter of Credit Application, the L/C Issuer will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the
Borrower and, if not, the L/C Issuer will provide the Administrative Agent with a copy thereof. Unless the L/C Issuer has received written notice from any Lender, or the Administrative Agent, at least one Business Day prior to the requested date of
issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Article IV shall not then be satisfied, then, subject to the terms and conditions hereof, the L/C Issuer shall, on the requested
date, issue a Letter of Credit for the account of the Borrower or the applicable Restricted Subsidiary or enter into the applicable amendment, as the case may be, in each case in accordance with the L/C Issuer’s usual and customary business
practices. Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the L/C Issuer a risk participation in such Letter of Credit in an amount equal to
the product of such Lender’s Pro Rata Share times the amount of such Letter of Credit. 
  
 (iii) If the Borrower so requests in any applicable Letter of Credit Application, the L/C Issuer may, in its sole and absolute discretion,
agree to issue a Letter of Credit that has automatic renewal provisions (each, an “Auto-Renewal Letter of Credit”); provided that any such Auto-Renewal Letter of Credit must permit the L/C Issuer to prevent any such renewal
at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Nonrenewal Notice Date”) in each such
twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the L/C Issuer, the Borrower shall not be required to make a specific request to the L/C Issuer for any such renewal. Once an
Auto-Renewal Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) the L/C Issuer to permit the renewal of such Letter of Credit at any time to an expiry date not later than the Letter of Credit
Expiration Date; provided, however, that the L/C Issuer shall not permit any such renewal if (A) the L/C Issuer has determined that it would not be permitted, or would have no obligation or right, at such time to issue such Letter of
Credit in its renewed form under the terms hereof (by reason of the provisions of Section 2.03(a) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is two Business Days before the
Nonrenewal Notice Date from the Administrative Agent, any Lender or the Borrower that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, and in such case directing the L/C Issuer not to permit such
extension. 
  
 (iv) If the Borrower so requests
in any applicable Letter of Credit Application, the L/C Issuer may, in its sole and absolute discretion, agree to issue a Letter of Credit that permits the automatic reinstatement of all or a portion of the stated amount thereof after any drawing

  

 26 

 thereunder (each, an “Auto-Reinstatement Letter of Credit”). Unless otherwise directed
by the L/C Issuer, the Borrower shall not be required to make a specific request to the L/C Issuer to permit such reinstatement. Once an Auto-Reinstatement Letter of Credit has been issued, except as provided in the following sentence, the Lenders
shall be deemed to have authorized (but may not require) the L/C Issuer to reinstate all or a portion of the stated amount thereof in accordance with the provisions of such Letter of Credit. Notwithstanding the foregoing, if such Auto-Reinstatement
Letter of Credit permits the L/C Issuer to decline to reinstate all or any portion of the stated amount thereof after a drawing thereunder by giving notice of such non-reinstatement within a specified number of days after such drawing (the
“Non-Reinstatement Deadline”), the L/C Issuer shall not permit such reinstatement if it has received a notice (which may be by telephone or in writing) on or before the day that is ten Business Days before the Non-Reinstatement
Deadline from the Administrative Agent, any Lender or the Borrower that one or more of the applicable conditions specified in Section 4.02 is not then satisfied (treating such reinstatement as an L/C Credit Extension for purposes of this
clause) and, in such case, directing the L/C Issuer not to permit such reinstatement. 
  
 (v) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or
to the beneficiary thereof, the L/C Issuer will also deliver to the Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. 
  
 (c) Drawings and Reimbursements; Funding of Participations. 
  
 (i) Upon receipt from the beneficiary of any Letter of
Credit of any presentation under such Letter of Credit, the L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit (each such date,
an “Honor Date”), the Borrower shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the L/C Issuer by such time, the Administrative
Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Lender’s Pro Rata Share thereof. In such event, the Borrower shall be deemed
to have requested a Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate
Loans, but subject to the amount of the unutilized portion of the Aggregate Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Loan Notice). Any notice given by the L/C Issuer or the Administrative Agent
pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

  
 (ii) Each Lender (including the Lender acting
as L/C Issuer) shall upon any notice pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent for the account of the L/C Issuer at the Administrative Agent’s Office in an amount equal to its Pro Rata Share of the
Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to
have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the L/C Issuer. 
  
 (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of Base Rate Loans because the conditions set
forth in Section 4.02 cannot be satisfied 
  

 27 

 or for any other reason, the Borrower shall be deemed to have incurred from the L/C Issuer an L/C
Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Lender’s payment to
the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of
its participation obligation under this Section 2.03. 
  
 (iv) Until each Lender funds its Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Pro
Rata Share of such amount shall be solely for the account of the L/C Issuer. 
  
 (v) Each Lender’s obligation to make Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and
unconditional and shall not be affected by any circumstance, including (A) any set-off, counterclaim, recoupment, defense or other right which such Lender may have against the L/C Issuer, the Borrower or any other Person for any reason whatsoever;
(B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation to make Loans pursuant to this
Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrower of a Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to
reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of Credit, together with interest as provided herein. 
  
 (vi) If any Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required to be paid by
such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), the L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand,
such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the L/C Issuer at a rate per annum equal to the Federal Funds Rate from time to time in effect. A
certificate of the L/C Issuer submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error. 
  
 (d) Repayment of Participations. 
  
 (i) At any time after the L/C Issuer has made a payment
under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of the L/C Issuer any payment in
respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such
Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.

  
 (ii) If any payment received by the
Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the L/C
Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of the L/C Issuer its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon 
  

 28 

 from the date of such demand to the date such amount is returned by such Lender, at a rate per annum
equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. 
  
 (e) Obligations Absolute. The obligation of the Borrower to
reimburse the L/C Issuer for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all
circumstances, including the following: 
  
 (i)
any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other agreement or instrument relating thereto; 
  
 (ii) the existence of any claim, counterclaim, set-off, defense or other right that the Borrower may have at any time against any
beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated
hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 
  
 (iii) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or
insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit; 
  
 (iv) any payment by the L/C Issuer under such Letter of
Credit against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy,
debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under
any Debtor Relief Law; or 
  
 (v) any other
circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower. 
  
 The Borrower shall promptly examine a copy of each Letter of Credit and each
amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the Borrower’s instructions or other irregularity, the Borrower will immediately notify the L/C Issuer. The Borrower shall be conclusively deemed to
have waived any such claim against the L/C Issuer and its correspondents unless such notice is given as aforesaid. 
  
 (f) Role of L/C Issuer. Each Lender and the Borrower agree that, in paying any drawing under a Letter of Credit, the L/C Issuer shall not
have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the
Person executing or delivering any such document. None of the L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any of the correspondents, participants or assignees of the L/C Issuer shall be liable to any Lender for
(i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in the absence of 
  

 29 

 gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any
document or instrument related to any Letter of Credit or Issuer Document. The Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided,
however, that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of the L/C Issuer,
the Administrative Agent, any of their respective Related Parties nor any of the correspondents, participants or assignees of the L/C Issuer, shall be liable or responsible for any of the matters described in clauses (i) through (v) of Section
2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrower may have a claim against the L/C Issuer, and the L/C Issuer may be liable to the Borrower, to the extent, but only to the
extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Borrower which the Borrower proves were caused by the L/C Issuer’s willful misconduct or gross negligence or the L/C Issuer’s willful failure to pay
under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the L/C
Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and the L/C Issuer shall not be responsible for the validity or
sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any
reason. 
  
 (g) Cash Collateral. Upon the request of the
Administrative Agent, (i) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (ii) if, as of the Letter of Credit Expiration Date, any Letter of Credit
may for any reason remain outstanding and partially or wholly undrawn, the Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations (in an amount equal to one hundred and two percent (102%) of such Outstanding
Amount determined as of the date of such L/C Borrowing or the Letter of Credit Expiration Date, as the case may be). Sections 2.04 and 8.02(c) set forth certain additional requirements to deliver Cash Collateral hereunder. For purposes
of this Agreement, “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the L/C Issuer and the Lenders, as collateral for the L/C Obligations, cash or deposit account
balances pursuant to documentation in form and substance satisfactory to the Administrative Agent and the L/C Issuer (which documents are hereby consented to by the Lenders). Derivatives of such term have corresponding meanings. The Borrower hereby
grants to the Administrative Agent, for the benefit of the L/C Issuer and the Lenders, a security interest in all such cash, deposit accounts and all balances therein and all proceeds of the foregoing. Cash collateral shall be maintained in blocked,
non-interest bearing deposit accounts at Bank of America. 
  
 (h)
Applicability of ISP. Unless otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit) the rules of the “International
Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance) (the “ISP”) shall apply to each Letter of Credit.

  
 (i) Letter of Credit Fees. The Borrower shall pay to
the Administrative Agent for the account of each Lender in accordance with its Pro Rata Share a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily maximum
amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07.
Such letter of credit fees shall be computed on a quarterly basis in arrears. Such letter of credit fees shall be due and payable on the first Business Day after the end of each March, June, 
  

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 September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the
Letter of Credit Expiration Date and thereafter on demand. If there is any change in the Applicable Rate during any quarter, the daily maximum amount of each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for
each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue
at the Default Rate. 
  
 (j) Fronting Fee and Documentary and
Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum specified in the applicable Fee Letter, computed
on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears, and due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to
occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit
shall be determined in accordance with Section 1.07. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and
charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable. 
  
 (k) Conflict with Letter of Credit Application. In the event of any
conflict between the terms hereof and the terms of any Letter of Credit Application, the terms hereof shall control. 
  
 (l) Letter of Credit Issued for Restricted Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of
any obligations of, or is for the account of, a Restricted Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of
Letters of Credit for the account of Restricted Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Restricted Subsidiaries. 
  
 (m) L/C Issuer Reporting Requirements. Each L/C Issuer shall, no later
than last Business Day of each month, provide to the Administrative Agent a schedule of the Letters of Credit issued by it outstanding at any time during such month, such schedule to be in form and substance reasonably satisfactory to the
Administrative Agent, showing the date of issuance of each such Letter of Credit, the account party, the original face amount, the current face amount (if any), the expiration date, and the reference number. 
  
 2.04 Prepayments. 
  
 (a) The Borrower may, upon notice to the Administrative Agent, at any time
or from time to time voluntarily prepay Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of
prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; and (iii) any
prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and
amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share of such prepayment. If such notice
is given by the Borrower, the Borrower shall make such prepayment 
  

 31 

 and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of
a Eurodollar Rate Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the Loans of the Lenders in accordance with their
respective Pro Rata Shares. 
  
 (b) If for any reason the Total
Outstandings at any time exceed the Aggregate Commitments then in effect, the Borrower shall immediately prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that
the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.04(b) unless after the prepayment in full of the Loans the Total Outstandings exceed the Aggregate Commitments then in effect. 

 
 2.05 Termination or Reduction of Commitments. The Borrower may,
upon notice to the Administrative Agent, terminate the Aggregate Commitments, or from time to time permanently reduce the Aggregate Commitments; provided that (i) any such notice shall be received by the Administrative Agent not later than
11:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrower shall not terminate
or reduce the Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings would exceed the Aggregate Commitments, and (iv) if, after giving effect to any reduction of the Aggregate
Commitments, the Letter of Credit Sublimit exceeds the amount of the Aggregate Commitments, such Sublimit shall be automatically reduced by the amount of such excess. The Administrative Agent will promptly notify the Lenders of any such notice of
termination or reduction of the Aggregate Commitments. Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Pro Rata Share. All facility and utilization fees accrued until the effective date
of any termination of the Aggregate Commitments shall be paid on the effective date of such termination. 
  
 2.06 Repayment of Loans. 
  
 The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Loans outstanding on such date. 
  
 2.07 Interest. 
  
 (a) Subject to the provisions of subsection (b) below, (i) each Eurodollar
Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Rate; and (ii) each Base Rate Loan shall bear
interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate. 
  
 (b) If any amount payable by the Borrower under any Loan Document is not paid when due (without regard to any applicable
grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.
Furthermore, while any Event of Default exists, the Borrower shall pay interest on the principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent
permitted by applicable Laws. Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand. 
  

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 (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable
thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief
Law. 
  
 2.08 Fees. In addition to certain fees described
in subsections (i) and (j) of Section 2.03: 
  
 (a)
Facility Fee. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Pro Rata Share, a facility fee equal to the Applicable Rate times the actual daily amount of the Aggregate Commitments (or,
if the Aggregate Commitments have terminated, on the Outstanding Amount of all Loans and L/C Obligations), regardless of usage. The facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Loans or L/C
Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and
December, commencing with the first such date to occur after the Closing Date, and on the Maturity Date (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the
Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. 
  
 (b) Utilization Fee. The Borrower shall pay to the Administrative
Agent for the account of each Lender in accordance with its Pro Rata Share, a fee equal to the utilization fee, as set forth in the definition of Applicable Rate, times the Total Outstandings on each day that the Total Outstandings exceed 50% of the
actual daily amount of the Aggregate Commitments. The utilization fee shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing
Date, and on the Maturity Date. The utilization fee shall be calculated quarterly in arrears and if there is any change in the Applicable Rate during any quarter, the daily amount shall be computed and multiplied by the Applicable Rate for each
period during which such Applicable Rate was in effect. The utilization fee shall accrue at all times, including at any time during which one or more of the conditions in Article IV is not met. 
  
 (c) Other Fees. (i) The Borrower shall pay to the Arrangers and the
Administrative Agent for their own respective accounts fees in the amounts and at the times specified in the Fee Letter. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 
  
 (ii) The Borrower shall pay to the Lenders such fees as shall have been
separately agreed upon in writing in the amounts and at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 
  
 2.09 Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is
determined by Bank of America’s “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day
year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a
Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.11(a), bear interest for one day. 
  

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 2.10 Evidence of Debt. 
  
 (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such
Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the
Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the
Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall
control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Note, which shall evidence such Lender’s
Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. 
  
 (b) In addition to the accounts and records referred to in subsection (a),
each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit. In the event of any conflict between the
accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. 
  
 2.11 Payments Generally. 
  
 (a) All payments to be made by the Borrower shall be made without condition
or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which
such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Pro Rata Share
(or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next
succeeding Business Day and any applicable interest or fee shall continue to accrue. 
  
 (b) If any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing
interest or fees, as the case may be. 
  
 (c) (i) Funding by
Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of Eurodollar Rate Loans (or, in the case of any Borrowing of Base Rate Loans,
prior to 12:00 p.m. on the date of such Borrowing of Base Rate Loans) that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such
share available on such date in accordance with Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such share available in accordance with and at the time required by Section 2.02) and may, in
reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the
Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount 
  

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 is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of
a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation and (B) in the case of a payment to be made by the
Borrower, the interest rate applicable to Base Rate Loans. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the
amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any
payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. 
  
 (ii) Payments by Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received
notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuer hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the
Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the L/C Issuer, as the case may be, the amount due. In such event, if the Borrower has not in fact made such
payment, then each of the Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the L/C Issuer, in immediately available funds with
interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent
in accordance with banking industry rules on interbank compensation. 
  
 A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this subsection (c) shall be conclusive, absent manifest error. 
  
 (d) If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in
the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or
waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 
  
 (e) The obligations of the Lenders hereunder to make Loans and to fund participations in Letters of Credit and to make
payments pursuant to Section 10.04(c) are several and not joint. The failure of any Lender to make any Loan or to fund any such participation or to make any payment under Section 10.04(c) on any date required hereunder shall not
relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or purchase its participation or to make its payment under Section
10.04(c). 
  
 (f) Nothing herein shall be deemed to obligate
any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 
  
 2.12 Sharing of Payments. If any Lender shall, by exercising
any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of the Loans made by it, or the participations in L/C Obligations held by it resulting in such Lender’s receiving payment of a
proportion of the aggregate amount of such Loans or participations and accrued interest thereon greater than its pro rata share thereof as provided herein, then the Lender receiving such greater 
  

 35 

 proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value)
participations in the Loans and subparticipations in L/C Obligations of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the
aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing them, provided that: 
  
 (i) if any such participations or subparticipations are purchased and all or any portion of the payment giving rise thereto is recovered,
such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 
  
 (ii) the provisions of this Section shall not be construed to apply to (x) any payment made by the Borrower pursuant to and in accordance
with the express terms of this Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or subparticipations in L/C Obligations to any assignee or participant, other than
to the Borrower or any Restricted Subsidiary thereof (as to which the provisions of this Section shall apply). 
  
 The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the
Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 
  
 2.13 Increase in Commitments. 
  
 (a) Request for Increase. Provided there exists no Default or Event of Default, upon notice to the Administrative
Agent (which shall promptly notify the Lenders), the Borrower may, from time to time, request an increase in the Aggregate Commitments by an amount (for all such requests) not exceeding for all such requests in the aggregate $200,000,000;
provided that any such request for an increase shall be in a minimum amount of $5,000,000. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender
is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders). 
  
 (b) Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase
its Commitment and, if so, whether by an amount equal to, greater than, or less than its Pro Rata Share of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment.

  
 (c) Notification by Administrative Agent; Additional
Lenders. The Administrative Agent shall notify the Borrower and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent
and the L/C Issuer (which approvals shall not be unreasonably withheld), the Borrower may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance satisfactory to the Administrative Agent and
its counsel. 
  
 (d) Effective Date and Allocations. If the
Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The
Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such increase and the Increase Effective Date. 
  

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 (e) Conditions to Effectiveness of Increase. As a condition precedent to such increase, the
Borrower shall deliver to the Administrative Agent (i) a certificate of the Borrower dated as of the Increase Effective Date signed by a Responsible Officer of the Borrower (A) certifying and attaching the resolutions adopted by the Borrower
approving or consenting to such increase, and (B) certifying that, before and after giving effect to such increase, (I) the representations and warranties contained in Article V and the other Loan Documents are true and correct on and as of
the Increase Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of this Section
2.13, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01, and (II)
no Default exists, and (ii) an opinion of counsel as to the due corporate authorization of the increase, substantially in the form delivered on the Closing Date. The Borrower shall prepay any Loans outstanding on the Increase Effective Date (and pay
any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this Section. 

 
 (f) Conflicting Provisions. This Section shall supersede any
provisions in Section 10.01 to the contrary. 
  
 ARTICLE
III. 
 TAXES, YIELD PROTECTION AND ILLEGALITY 
  
 3.01 Taxes. 
  
 (a) Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Loan Document
shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if the Borrower shall be required by applicable law to deduct any Indemnified Taxes (including any Other Taxes) from
such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, Lender or L/C Issuer, as
the case may be, receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall timely pay the full amount deducted to the relevant Governmental
Authority in accordance with applicable law. 
  
 (b) Payment of
Other Taxes by the Borrower. Without limiting the provisions of subsection (a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
  
 (c) Indemnification by the Borrower. The Borrower shall indemnify the
Administrative Agent, each Lender and the L/C Issuer, within 10 days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts
payable under this Section) paid by the Administrative Agent, such Lender or the L/C Issuer, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or
Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. 
  
 (d) Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority,
the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment
reasonably satisfactory to the Administrative Agent. 
  

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 (e) Status of Lenders. Any Foreign Lender that is entitled to an exemption from or reduction of
withholding tax under the law of the jurisdiction in which the Borrower is resident for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments hereunder or under any other Loan Document shall deliver to the
Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable
law as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable
law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.

  
 Without limiting the generality of the foregoing, in the event
that the Borrower is resident for tax purposes in the United States, any Foreign Lender shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which
such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of the Borrower or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is
applicable: 
  
 (i) duly completed copies of
Internal Revenue Service Form W-8BEN claiming eligibility for benefits of an income tax treaty to which the United States is a party, 
  
 (ii) duly completed copies of Internal Revenue Service Form W-8ECI, 
  
 (iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under
section 881(c) of the Code, (x) a certificate to the effect that such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower within the meaning of
section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) duly completed copies of Internal Revenue Service Form W-8BEN, or 
  
 (iv) any other form prescribed by applicable law as a basis
for claiming exemption from or a reduction in United States Federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower to determine the withholding or deduction
required to be made. 
  
 (f) Treatment of Certain Refunds.
If the Administrative Agent, any Lender or the L/C Issuer determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has
paid additional amounts pursuant to this Section, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section with respect to the
Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent, such Lender or the L/C Issuer, as the case may be, and without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund), provided that the Borrower, upon the request of the Administrative Agent, such Lender or the L/C Issuer, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority) to the Administrative Agent, such Lender or the L/C Issuer in the event the Administrative Agent, such Lender or the L/C Issuer is required to repay such refund to such 
  

 38 

 Governmental Authority. This subsection shall not be construed to require the Administrative Agent, any Lender or the L/C
Issuer to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person. 
  
 3.02 Illegality. If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful,
for any Lender or its applicable Lending Office to make, maintain or fund Eurodollar Rate Loans, or to determine or charge interest rates based upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the
authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank eurodollar market, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to make
or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans shall be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer
exist. Upon receipt of such notice, the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate Loans, either on the last day of
the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate Loans. Upon any such prepayment or
conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 
  
 3.03 Inability to Determine Rates. If the Required Lenders determine that for any reason in connection with any request for a Eurodollar Rate Loan
or a conversion to or continuation thereof that (a) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurodollar Rate Loan, (b) adequate and reasonable
means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan, or (c) the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan
does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain Eurodollar Rate Loans
shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of
Eurodollar Rate Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein. 
  
 3.04 Increased Costs; Reserves on Eurodollar Rate Loans. 
  
 (a) Increased Costs Generally. If any Change in Law shall:

  
 (i) impose, modify or deem applicable any
reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement contemplated by
Section 3.04(e)) or the L/C Issuer; 
  
 (ii) subject any Lender or the L/C Issuer to any tax of any kind whatsoever with respect to this Agreement, any Letter of Credit, any participation in a Letter of Credit or any Eurodollar Loan made by it, or change the basis of taxation of
payments to such Lender or the L/C Issuer in respect thereof (except for Indemnified Taxes or Other Taxes covered by Section 3.01 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender or the L/C Issuer);
or 
  

 39 

 (iii) impose on any Lender or the L/C Issuer or the London interbank market any other
condition, cost or expense affecting this Agreement or Eurodollar Loans made by such Lender or any Letter of Credit or participation therein; 
  
 and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Eurodollar Loan (or of maintaining its obligation to make
any such Loan), or to increase the cost to such Lender or the L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount
of any sum received or receivable by such Lender or the L/C Issuer hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or the L/C Issuer, the Borrower will pay to such Lender or the L/C Issuer, as the
case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer, as the case may be, for such additional costs incurred or reduction suffered. 
  
 (b) Capital Requirements. If any Lender or the L/C Issuer determines that any Change in Law affecting such Lender or
the L/C Issuer or any Lending Office of such Lender or such Lender’s or the L/C Issuer’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s or the L/C
Issuer’s capital or on the capital of such Lender’s or the L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit held by,
such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below that which such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company could have achieved but for such Change in Law (taking into
consideration such Lender’s or the L/C Issuer’s policies and the policies of such Lender’s or the L/C Issuer’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or the
L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company for any such reduction suffered. 
  
 (c) Certificates for Reimbursement. The Borrower shall pay such Lender
or L/C Issuer, as the case may be, the amount shown as due on a certificate from such Lender or L/C Issuer setting forth the amounts necessary to compensate such Lender or L/C Issuer or its holding company to the extent required by subsection (a) or
(b) of this Section within 10 days after receipt thereof. 
  
 (d)
Delay in Requests. Failure or delay on the part of any Lender or the L/C Issuer to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of such Lender’s or the L/C Issuer’s right to
demand such compensation, provided that the Borrower shall not be required to compensate a Lender or the L/C Issuer pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than nine
months prior to the date that such Lender or the L/C Issuer, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or the L/C Issuer’s intention to claim
compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof).

  
 (e) Reserves on Eurodollar Rate Loans. The Borrower
shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”),
additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive),
which shall be due and payable on each date on which interest is payable on such Loan, provided the Borrower shall have received at least 15 days’ prior notice (with a 
  

 40 

 copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice 15 days
prior to the relevant Interest Payment Date, such additional interest shall be due and payable 15 days from receipt of such notice. 
  
 3.05 Compensation for Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly
compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 
  
 (a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the Interest Period
for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 
  
 (b) any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other
than a Base Rate Loan on the date or in the amount notified by the Borrower; or 
  
 (c) any assignment of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Borrower pursuant to Section 10.14; 
  
 including any loss of anticipated profits and any loss or expense arising from the
liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in
connection with the foregoing. 
  
 For purposes of calculating
amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurodollar Rate Loan made by it at the Eurodollar Rate for such Loan by a matching deposit or other borrowing in the
London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan was in fact so funded. 
  
 3.06 Mitigation Obligations; Replacement of Lenders. 
  
 (a) Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, or the Borrower is required to pay
any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender shall use reasonable efforts to
designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not
subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or
assignment. 
  
 (b) Replacement of Lenders. If any Lender
requests compensation under Section 3.04, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, the Borrower may replace such
Lender in accordance with Section 10.14. 
  

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 3.07 Survival. All of the Borrower’s obligations under this Article III shall survive
termination of the Aggregate Commitments and repayment of all other Obligations hereunder. 
  
 ARTICLE IV. 
 CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 
  
 4.01 Conditions of Initial Credit Extension. The obligation of each
Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent: 
  
 (a) The Administrative Agent’s receipt of the following, each of which shall be originals or facsimiles (followed promptly by originals) unless
otherwise specified, each properly executed by a Responsible Officer of the Borrower, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the Closing Date) and each in form and substance
satisfactory to the Administrative Agent and each of the Lenders: 
  
 (i) executed counterparts of this Agreement, sufficient in number for distribution to the Administrative Agent, each Lender and the Borrower; 
  
 (ii) a Note executed by the Borrower in favor of each Lender requesting a Note; 
  
 (iii) such certificates of resolutions or other action,
incumbency certificates and/or other certificates of a secretary or assistant secretary of the Borrower as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as
a Responsible Officer in connection with this Agreement and the other Loan Documents; 
  
 (iv) such documents and certifications as the Administrative Agent may reasonably require to evidence that the Borrower is duly organized
and in good standing in Oklahoma, and that the Borrower is in good standing and qualified to engage in business in each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification,
except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; 
  
 (v) a favorable opinion of Gable & Gotwals, counsel to the Borrower, addressed to the Administrative Agent and each Lender, as to the
matters set forth in Exhibit E; 
  
 (vi) a
favorable opinion of Locke Liddell & Sapp LLP, special New York counsel to the Borrower, addressed to the Administrative Agent and each Lender, as to the matters set forth in Exhibit F; 
  
 (vii) a certificate of a Responsible Officer of the Borrower
either (A) attaching copies of all consents, licenses and approvals required in connection with the execution, delivery and performance by the Borrower and the validity against the Borrower of the Loan Documents, and such consents, licenses and
approvals shall be in full force and effect, or (B) stating that no such consents, licenses or approvals are so required; 
  
 (viii) a certificate signed by a Responsible Officer of the Borrower certifying (A) that the conditions specified in Sections
4.02(a) have been satisfied, (B) that there has been no event or circumstance since the date of the Audited Financial Statements that has had or could be reasonably expected to have, either individually or in the aggregate, (a) a material
adverse change in, or a material adverse effect upon, the operations, business, properties, assets, liabilities (actual 
  

 42 

 or contingent), condition (financial or otherwise) or prospects of the Borrower and its Subsidiaries
taken as a whole; (b) a material impairment of the ability of the Borrower to perform its obligations under any Loan Document to which it is a party; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability
against the Borrower of any Loan Document to which it is a party; and (C) the current Debt Ratings; 
  
 (ix) all outstanding Loans under the Existing Credit Agreement shall have been paid in full; and 
  
 (x) such other assurances, certificates, documents, consents
or opinions as the Administrative Agent, the L/C Issuer, or the Required Lenders reasonably may require. 
  
 (b) Any fees required to be paid on or before the Closing Date shall have been paid. 
  
 (c) Unless waived by the Administrative Agent, the Borrower shall have paid all Attorney Costs of the Administrative Agent
to the extent invoiced prior to or on the Closing Date, plus such additional amounts of Attorney Costs as shall constitute its reasonable estimate of Attorney Costs incurred or to be incurred by it through the closing proceedings (provided that such
estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent). 
  
 Without limiting the generality of the provisions of Section 9.04, for purposes of determining compliance with the conditions specified in this Section
4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or
satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto. 
  
 4.02 Conditions to all Credit Extensions. The obligation of each Lender to honor any Request for Credit Extension
(other than a Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of Eurodollar Rate Loans) is subject to the following conditions precedent: 
  
 (a) The representations and warranties of the Borrower contained in Article V (other than, in the case of a
Commercial Paper Borrowing, Sections 5.05(c)(i) and 5.06), or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct on and as of
the date of such Credit Extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that for purposes of this
Section 4.02, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section
6.01. 
  
 (b) No Default shall exist, or would result from
such proposed Credit Extension. 
  
 (c) The Administrative Agent
and, if applicable, the L/C Issuer, shall have received a Request for Credit Extension in accordance with the requirements hereof. 
  
 Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of Eurodollar Rate
Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a), (b) and (c) have been satisfied on and as of the date of the applicable Credit Extension.

  

 43 

 ARTICLE V. 
 REPRESENTATIONS AND WARRANTIES 
  
 The Borrower represents and warrants to the Administrative Agent and the Lenders that: 
  
 5.01 Existence, Qualification and Power; Compliance with Laws. The Borrower and each of its Restricted Subsidiaries (a) is a corporation,
partnership or limited liability company duly organized or formed, validly existing and in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all requisite
governmental licenses, authorizations, consents and approvals to (i) own its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, (c) is duly qualified and is
licensed and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license, and (d) is in compliance with all Laws; except in each
case referred to in clause (b)(i), (c) or (d), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 
  
 5.02 Authorization; No Contravention. The execution, delivery and performance by the Borrower of each Loan Document has been duly authorized by all
necessary corporate or other organizational action, and do not and will not (a) contravene the terms of the Borrower’s Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, (i)
any Contractual Obligation to which the Borrower or any of its Restricted Subsidiaries is a party or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which the Borrower or any of its Restricted
Subsidiaries or its property is subject; or (c) violate any Law. 
  
 5.03 Governmental Authorization; Other Consents. No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection
with the execution, delivery or performance by, or enforcement against, the Borrower of this Agreement or any other Loan Document. 
  
 5.04 Binding Effect. This Agreement has been, and each other Loan Document, when delivered hereunder, will have been, duly executed and delivered
by the Borrower. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms. 
  
 5.05 Financial Statements; No Material Adverse Effect. 
  
 (a) The Audited Financial Statements (i) were prepared in accordance with
GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations for
the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the
Borrower and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness. 
  
 (b) The unaudited consolidated financial statements of the Borrower and its Subsidiaries dated June 30, 2004 and the related consolidated statements of
income or operations, shareholders’ equity and cash flows for the fiscal quarter ended on that date (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted
therein, and (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of
footnotes and to normal year-end audit adjustments. 
  

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 (c) (i) Since the date of the Audited Financial Statements, there has been no event or circumstance,
either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect as defined in clause (a) of the definition of Material Adverse Effect set forth in Section 1.01. 
  
 (ii) Since the date of the Audited Financial Statements, there has been no
event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect as defined in clause (b) or (c) of the definition of Material Adverse Effect set forth in Section
1.01. 
  
 5.06 Litigation. There are no actions, suits,
proceedings, investigations, claims or disputes pending or, to the knowledge of the Borrower after due and diligent investigation, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against the
Borrower or any of its Subsidiaries or against any of their properties or revenues that (a) purport to affect or pertain to this Agreement or any other Loan Document, or any of the transactions contemplated hereby, or (b) as to which there is a
reasonable probability of an adverse determination and that, if determined adversely, either individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. 
  
 5.07 No Default. Neither the Borrower nor any Restricted Subsidiary is
in default under or with respect to any Contractual Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the
consummation of the transactions contemplated by this Agreement or any other Loan Document. 
  
 5.08 Ownership of Property; Liens. Each of the Borrower and each Restricted Subsidiary has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used
in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The property of the Borrower and its Restricted Subsidiaries is
subject to no Liens, other than Liens permitted by Section 7.01. 
  
 5.09 Environmental Compliance. The Borrower and its Restricted Subsidiaries conduct in the ordinary course of business a review of the effect of existing Environmental Laws and claims alleging potential liability or responsibility
for violation of any Environmental Law on their respective businesses, operations and properties, and as a result thereof the Borrower has reasonably concluded that such Environmental Laws and claims could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect. The Borrower and each of its Restricted Subsidiaries has obtained all material licenses, permits, authorizations and registrations required under any Environmental Law (“Environmental
Permits”) necessary for its operations, and all such Environmental Permits are in good standing, and the Borrower and each of its Restricted Subsidiaries is in compliance with all terms and conditions of such Environmental Permits. 

 
 5.10 Insurance. The properties of the Borrower and its Restricted
Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of the Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses
and owning similar properties in localities where the Borrower or the applicable Restricted Subsidiary operates and covering such risks as are necessary to ensure that Uninsured Liabilities of the Borrower and/or any Restricted Subsidiary are not
reasonably likely to result in a Material Adverse Effect. 
  

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 5.11 Taxes. The Borrower and its Restricted Subsidiaries have filed all Federal, state and other
material tax returns and reports required to be filed, and have paid all Federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and
payable, except those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP. There is no proposed tax assessment against the Borrower or any
Restricted Subsidiary that would, if made, have a Material Adverse Effect. 
  
 5.12 ERISA Compliance. 
  
 (a) Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or state Laws. Each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable
determination letter from the IRS or an application for such a letter is currently being processed by the IRS with respect thereto and, to the best knowledge of the Borrower, nothing has occurred which would prevent, or cause the loss of, such
qualification. The Borrower and each ERISA Affiliate have made all required contributions to each Plan subject to Section 412 of the Code, and no application for a funding waiver or an extension of any amortization period pursuant to Section 412 of
the Code has been made with respect to any Plan. 
  
 (b) There are
no pending or, to the best knowledge of the Borrower, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could be reasonably be expected to have a Material Adverse Effect. There has been no
prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect. 
  
 (c) (i) No ERISA Event has occurred or is reasonably expected to occur; (ii)
no Pension Plan has any Unfunded Pension Liability which, when aggregated with the Unfunded Pension Liability of all other Pension Plans, could reasonably be expected to have a Material Adverse Effect; (iii) neither the Borrower nor any ERISA
Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA); (iv) neither the Borrower nor any ERISA
Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a
Multiemployer Plan; and (v) neither the Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to Sections 4069 or 4212(c) of ERISA. 
  
 5.13 Subsidiaries. As of the Closing Date, the Borrower has no Subsidiaries other than those specifically disclosed
in Part (a) of Schedule 5.13 and has no equity investments in any other corporation or entity other than those specifically disclosed in Part (b) of Schedule 5.13. 
  
 5.14 Margin Regulations; Investment Company Act; Public Utility Holding Company Act. 
  
 (a) The Borrower is not engaged and will not engage, principally or as one
of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. Following the application
of the proceeds of each Borrowing and each drawing under a Letter of Credit, not more than 25% of the value of the assets (either of the Borrower only or of the Borrower and its Restricted Subsidiaries on a consolidated basis) subject to the
provisions of Section 7.01 or subject to any restriction contained in any agreement or instrument between the Borrower and any Lender or any Affiliate of any Lender relating to Indebtedness and within the scope of Section 8.01(e) will
be margin stock. 
  

 46 

 (b) None of the Borrower, any Person Controlling the Borrower, or any Restricted Subsidiary (i) is a
“holding company,” or a “subsidiary company” of a “holding company,” or an “affiliate” of a “holding company” or of a “subsidiary company” of a “holding company,” within the
meaning of the Public Utility Holding Company Act of 1935, (ii) is or is required to be registered as an “investment company” under the Investment Company Act of 1940, or (iii) is subject to regulation under the Federal Power Act, the
Interstate Commerce Act, any state public utilities code or any other Federal or state statute or regulation limiting its ability to incur Indebtedness hereunder. 
  
 5.15 Disclosure. The Borrower has disclosed to the Administrative Agent and the Lenders all agreements, instruments
and corporate or other restrictions to which it or any of its Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. For purposes of
this Section 5.15, information that is disclosed in a Form 10-K, 10-Q, 8-K, or definitive proxy materials filed by the Borrower with the SEC shall be deemed to have been disclosed to the Administrative Agent and the Lenders. No report,
financial statement, certificate or other information furnished (whether in writing or orally) by or on behalf of the Borrower to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of
this Agreement or delivered hereunder (as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided that, with respect to projected financial information, the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be
reasonable at the time. 
  
 5.16 Compliance with Laws.

  
 Each of the Borrower and each Restricted Subsidiary is in
compliance in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or
decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

 
 5.17 No Burdensome Agreements. 
  
 Neither the Borrower, nor any of its Restricted Subsidiaries is bound by any
Contractual Obligation (other than this Agreement or any other Loan Document) that limits the ability of any Restricted Subsidiary to make Restricted Payments to the Borrower or any Restricted Subsidiary or to otherwise transfer property to the
Borrower or any Restricted Subsidiary. 
  
 5.18 Intellectual
Property; Licenses, Etc. 
  
 The Borrower and its Restricted
Subsidiaries own, or possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights that are reasonably necessary for the operation of
their respective businesses, and, to the best knowledge of the Borrower, such ownership or right to use is without conflict with the rights of any other Person. To the best knowledge of the Borrower, no slogan or other advertising device, product,
process, method, substance, part or other material now employed, or now contemplated to be employed, by the Borrower or any Restricted Subsidiary infringes upon any rights held by any other 
  

 47 

 Person. No claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the Borrower,
threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 
  
 ARTICLE VI. 
 AFFIRMATIVE COVENANTS

  
 So long as any Lender shall have any Commitment hereunder,
any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Borrower shall, and shall (except in the case of the covenants set forth in Sections 6.01, 6.02,
6.03 and 6.11) cause each Restricted Subsidiary to: 
  
 6.01 Financial Statements. Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders: 
  
 (a) as soon as available, but in any event within 90 days after the end of each fiscal year of the Borrower, (i) a
consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year, setting forth in each
case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an independent certified public accountant of nationally recognized
standing reasonably acceptable to the Required Lenders, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception
or any qualification or exception as to the scope of such audit, and (ii) for each MLP that is an Unrestricted MLP Subsidiary, a consolidated balance sheet of such MLP and its Subsidiaries as at the end of such fiscal year of the Borrower, and the
related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous twelve-month period, all in reasonable detail and
prepared in accordance with GAAP; 
  
 (b) as soon as available,
but in any event within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower, (i) a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal quarter, and the related
consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal quarter and for the portion of the Borrower’s fiscal year then ended, setting forth in each case in comparative form the figures for the
corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified by a Responsible Officer of the Borrower as fairly presenting the financial condition, results
of operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; and (ii) for each MLP that is an Unrestricted MLP
Subsidiary, a consolidated balance sheet of such MLP and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal quarter and for
the portion of the Borrower’s fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year of the Borrower and the corresponding portion of the previous
fiscal year, all in reasonable detail and certified by a Responsible Officer of the Borrower as fairly presenting the financial condition, results of operations, shareholders’ equity and cash flows of the MLP and its Subsidiaries in accordance
with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes. 
  
 As to any information contained in materials furnished pursuant to Section 6.02(c), the Borrower shall not be separately required to furnish such information under clause (a) or (b) above, but the foregoing
shall not be in lieu of the obligation of the Borrower to furnish the information and materials described in subsections (a) and (b) above at the times specified therein. 
  

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 6.02 Certificates; Other Information. Deliver to the Administrative Agent and each Lender, in form
and detail satisfactory to the Administrative Agent and the Required Lenders: 
  
 (a) concurrently with the delivery of the financial statements referred to in Sections 6.01(a) and (b), (or if such financial statements are delivered electronically, within two (2) business days of such
electronic delivery) a duly completed Compliance Certificate signed by a Responsible Officer of the Borrower; 
  
 (b) promptly after any request by the Administrative Agent or any Lender, copies of any detailed audit reports, management letters or recommendations
submitted to the board of directors (or the audit committee of the board of directors) of the Borrower by independent accountants in connection with the accounts or books of the Borrower or any Restricted Subsidiary, or any audit of any of them;

  
 (c) (i) promptly after the same are available, copies of each
annual report, proxy or financial statement or other report or communication sent to the stockholders of the Borrower, and copies of all annual, regular, periodic and special reports, all statements under oath of the Borrower’s principal
executive officer and principal financial officer relating to facts and circumstances relating to Securities Exchange Act of 1934 filings, and all registration statements which the Borrower may file or be required to file with the SEC under Section
13 or 15(d) of the Securities Exchange Act of 1934, and not otherwise required to be delivered to the Administrative Agent pursuant hereto; and (ii) promptly after the same are available, copies of the annual and quarterly financial statements
furnished to equity owners of each MLP; 
  
 (d) promptly, such
additional information regarding the business, financial or corporate affairs of the Borrower or any Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably request.

  
 Documents required to be delivered pursuant to Section
6.01(a) or (b) or Section 6.02(c) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i)
(A) after which the Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet at the website address listed on Schedule 10.02; or (B) after which such documents are posted on the Borrower’s
behalf on IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent), and (ii) the Borrower
notifies (which may be by facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any such documents; provided that the Borrower shall deliver paper copies or soft copies (by electronic mail) of such documents
to the Administrative Agent or any Lender that requests the Borrower to deliver such paper copies or soft copies until a written request to cease delivering paper copies or soft copies is given by the Administrative Agent or such Lender.
Notwithstanding anything contained herein, in every instance the Borrower shall be required to provide paper copies of the Compliance Certificates required by Section 6.02(a) to the Administrative Agent. Except for such Compliance
Certificates, the Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Borrower with any such
request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 
  

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 The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers will make
available to the Lenders and the L/C Issuer materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar
electronic system (the “Platform”) and (b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to the Borrower or its securities)
(each, a “Public Lender”). The Borrower hereby agrees that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that
the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers, the L/C Issuer and the
Lenders to treat such Borrower Materials as either publicly available information or not material information (although it may be sensitive and proprietary) with respect to the Borrower or its securities for purposes of United States Federal and
state securities laws; (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Investor;” and (z) the Administrative Agent and the Arrangers shall be
entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Investor, provided, however, that notwithstanding the
foregoing, the Borrower shall not have any obligation to mark any Borrower Materials as “PUBLIC.” 
  
 6.03 Notices. Promptly notify the Administrative Agent and each Lender: 
  
 (a) of the occurrence of any Default and of the occurrence or existence of any event or circumstance that could reasonably
be expected to become a Default and the action which the Borrower is taking or proposes to take with respect thereto; 
  
 (b) of any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect, including (i) breach or non-performance of, or
any default under, a Contractual Obligation of the Borrower or any Subsidiary; (ii) any dispute, litigation, investigation, proceeding or suspension between the Borrower or any Subsidiary and any Governmental Authority; or (iii) the commencement of,
or any material development in, any litigation or proceeding affecting the Borrower or any Subsidiary, including pursuant to any applicable Environmental Laws; 
  

(c) of the occurrence of any ERISA Event; 
  
 (d) of the commencement of, or any material development in, any litigation or proceeding affecting the Borrower or any Restricted Subsidiary (i) in which
the amount of damages claimed is $50,000,000 (or its equivalent in another currency or currencies) or more, (ii) in which injunctive or similar relief is sought and which, if adversely determined, could have a Material Adverse Effect, or (iii) in
which the relief sought is an injunction or other stay of the performance of this Agreement or any Loan Document or the operations of the Borrower or any of its Restricted Subsidiaries; 
  
 (e) of any material change in accounting policies or financial reporting practices by the Borrower or any Subsidiary; and

  
 (f) of any announcement by Moody’s or S&P of any
change or possible change in a Debt Rating. 
  
 Each notice
pursuant to this Section shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect
thereto. Each notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached. 
  

 50 

 6.04 Payment of Obligations. Pay and discharge as the same shall become due and payable, all its
obligations and liabilities, including (a) all tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being contested in good faith by appropriate proceedings diligently conducted and
adequate reserves in accordance with GAAP are being maintained by the Borrower or such Restricted Subsidiary; (b) all lawful claims which, if unpaid, would by law become a Lien upon its property; and (c) all Indebtedness, as and when due and
payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Indebtedness. 
  
 6.05 Preservation of Existence, Etc. (a) Preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws
of the jurisdiction of its organization except in a transaction permitted by Section 7.03, (b) take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its
business, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) preserve or renew all of its registered patents, trademarks, trade names and service marks, the non-preservation of
which could reasonably be expected to have a Material Adverse Effect. 
  
 6.06 Maintenance of Properties. (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make
all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and
maintenance of its facilities. 
  
 6.07 Maintenance of
Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged
in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons and with such deductibles and covering such risks as are necessary to ensure that Uninsured Liabilities
of the Borrower and/or any Restricted Subsidiary are not reasonably likely to result in a Material Adverse Effect, and providing for not less than 30 days’ prior notice to the Administrative Agent of termination, lapse or cancellation of such
insurance. 
  
 6.08 Compliance with Laws. Comply in all
material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, write, injunction or decree
is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect. 
  
 6.09 Books and Records. (a) Maintain proper books of record and
account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower or such Restricted Subsidiary, as the case may
be; and (b) maintain such books of record and account in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Borrower or such Restricted Subsidiary, as the case may be.

  
 6.10 Inspection Rights. Permit representatives and
independent contractors of the Administrative Agent and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs,

  

 51 

 finances and accounts with its directors, officers, and independent public accountants, all at the expense of the
Borrower and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Borrower; provided, however, that when an Event of Default exists the Administrative
Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice. 
  
 6.11 Use of Proceeds. Use the proceeds of the Credit Extensions to
provide liquidity for commercial paper, for working capital, capital expenditures, acquisitions, mergers, and for other general corporate purposes not in contravention of any Law or of any Loan Document; provided however, no portion of
the proceeds of any Credit Extension will be used in any manner prohibited by Section 7.07. 
  
 ARTICLE VII. 
 NEGATIVE COVENANTS 
  
 So long as any Lender shall have any Commitment hereunder, any Loan or other
Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Borrower shall not, nor shall it permit any Restricted Subsidiary to, directly or indirectly: 
  
 7.01 Liens. Create, incur, assume or suffer to exist any Lien upon
any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following: 
  
 (a) Liens pursuant to any Loan Document; 
  
 (b) Liens for taxes not yet due or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with
respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 
  
 (c) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business which are not overdue for a period of more than 30 days or
which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person; 
  
 (d) pledges or deposits in the ordinary course of business in connection with
workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; 
  
 (e) deposits to secure the performance of bids, trade contracts and leases (other than Indebtedness), statutory obligations, surety bonds (other than
bonds related to judgments or litigation), performance bonds and other obligations of a like nature incurred in the ordinary course of business; 
  
 (f) any right which any municipal or governmental body or agency may have by virtue of any franchise, license, contract or status to purchase or designate
a purchaser of, or order the sale of, any property of the Borrower or a Restricted Subsidiary upon payment of reasonable compensation therefor or to terminate any franchise, license or other rights or to regulate the property and business of the
Borrower or a Restricted Subsidiary; 
  
 (g) any liens, neither
assumed by the Borrower or a Restricted Subsidiary nor on which it customarily pays interest, existing upon real estate or rights in or relating to real estate acquired by the Borrower or a Restricted Subsidiary for sub-station, measuring station,
regulating station, gas purification station, compressor station, transmission line, distribution line or right-of-way purposes; 
  

 52 

 (h) easements or reservations in any property of the Borrower or a Restricted Subsidiary for the purpose
of roads, pipe lines, gas transmission and distribution lines, electric light and power transmission and distribution lines, water mains and other like purposes, and zoning ordinances, regulations and restrictions which do not impair the use of such
property in the operation of the business of the Borrower or a Restricted Subsidiary; 
  
 (i) easements, rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value
of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; 
  
 (j) Liens securing judgments for the payment of money not constituting an Event of Default under Section 8.01(h) or securing appeal or other surety
bonds related to such judgments; 
  
 (k) (i) Liens securing
Indebtedness in respect of capital leases, Synthetic Lease Obligations and purchase money obligations for fixed or capital assets, provided that (A) such Liens do not at any time encumber any property other than the property financed by such
Indebtedness, (B) the Indebtedness secured thereby does not exceed the cost or fair market value, whichever is lower, of the property being acquired on the date of acquisition, and (C) such Liens attach to such property concurrently with or within
90 days after the acquisition thereof, and (ii) Liens securing any refinancing of such Indebtedness, provided that such Liens do not extend to additional property and the amount of the Indebtedness is not increased; provided further
that the principal amount of the Indebtedness secured by Liens permitted by this clause (k) shall not in the aggregate exceed 2.5% of the Total Capital of the Borrower and its Restricted Subsidiaries; 
  
 (l) Liens on property of a Person existing at the time such Person is merged
with or into or consolidated with or acquired by the Borrower or any Restricted Subsidiary of the Borrower; provided that such Liens were not granted in contemplation of, and were in existence prior to, such merger, consolidation or acquisition and
do not extend to any assets other than those of the Person merged into or consolidated with the Borrower or the Restricted Subsidiary that were encumbered prior to such merger, consolidation or acquisition; 
  
 (m) Liens on property existing at the time of acquisition of the property by
the Borrower or any Restricted Subsidiary of the Borrower; provided that such Liens were not granted in contemplation of, and were in existence prior to, the contemplation of such acquisition and no such Lien may encumber any other property of the
Borrower or any Restricted Subsidiary; 
  
 (n) Liens incurred to
refinance any Indebtedness of the Borrower or its Restricted Subsidiaries which has been secured by Liens otherwise permitted hereunder under clauses (l) and (m); provided that such Liens do not extend to any property other than the property
securing the Indebtedness refinanced and the amount of the Indebtedness secured thereby is not increased; 
  
 (o) Liens on cash and cash equivalents granted pursuant to master netting agreements entered into in the ordinary course of business in connection with
Swap Contracts; provided that (i) the transactions secured by such Liens are governed by standard International Swaps and Derivatives Association, Inc. (“ISDA”) documentation, and (ii) such Swap Contracts consist of derivative transactions
contemplated to be settled in cash and not by physical delivery and are designed to minimize the risk of fluctuations in oil and gas prices with respect to the Borrower’s and its Restricted Subsidiaries’ operations in the ordinary course
of its business; 
  

 53 

 (p) Liens pursuant to master netting agreements entered into in the ordinary course of business in
connection with Swap Contracts, in each case pursuant to which the Borrower or a Restricted Subsidiary of the Borrower, as a party to such master netting agreement and as pledgor, pledges or otherwise transfers to the other party to such master
netting agreement, as pledgee, in order to secure the Borrower’s or such Restricted Subsidiary’s obligations under such master netting agreement, a Lien upon and/or right of set off against, all right, title, and interest of the pledgor in
any obligations of the pledgee owed to the pledgor, together with all accounts and general intangibles and payment intangibles in respect of such obligations and all dividends, interest, and other proceeds from time to time received, receivable, or
otherwise distributed in respect of, or in exchange for, any or all of the foregoing; 
  
 (q) Liens arising in the ordinary course of business under Oil and Gas Agreements to secure compliance with such agreements, provided that any such Lien referred to in this clause are for claims which are not
delinquent or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP, and provided further that any such Lien referred to in this clause does not materially impair
the use of the property covered by such Lien for the purposes for which such property is held by the Borrower or any Restricted Subsidiary or materially impair the value of such property subject thereto, and provided further that such Liens are
limited to property that is the subject of the relevant Oil and Gas Agreement; and 
  
 (r) Liens not otherwise permitted by this Section 7.01 if at the time of, and after giving effect to, the creation or assumption of any such Lien, the aggregate of all obligations of the Borrower and its
Restricted Subsidiaries secured by any Liens not otherwise permitted hereby does not exceed 10% of the Total Capital of the Borrower and its Restricted Subsidiaries. 
  
 7.02 Investments. Make any Investments, except: 
  
 (a) Investments held by the Borrower or such Restricted Subsidiary in the form of cash equivalents; 
  
 (b) advances to officers, directors and employees of the Borrower and
Restricted Subsidiaries in the ordinary course of business in accordance with applicable law for travel, entertainment, relocation and analogous ordinary business purposes; 
  
 (c) Investments of the Borrower in any wholly-owned Restricted Subsidiary and Investments of any wholly-owned Restricted
Subsidiary in another wholly-owned Restricted Subsidiary; 
  
 (d)
Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction
thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss; 
  
 (e) purchases of, or investments in, the capital stock, equity interest, assets, obligations or other securities of, or interest in, Restricted
Subsidiaries, joint ventures or other Persons (other than an Unrestricted MLP Subsidiary or a Person that becomes an Unrestricted MLP Subsidiary as a result of such Investment), in each case which are engaged principally in the business of the
purchasing, gathering, compression, transportation, distribution, marketing, or storage of natural gas and compressed natural gas, the exploration or production of natural gas or oil or the processing of natural gas liquids, the underground piping
of natural gas distribution systems, other natural gas-related businesses, or the generation and marketing of electricity; provided that such purchases or investments are not opposed by the board of directors or management of such Person;

  

 54 

 (f) subject to Section 7.09, Investments in Unrestricted MLP Subsidiaries; and 
  
 (g) other Investments (other than Investments in Unrestricted MLP
Subsidiaries), if at the time of, and after giving effect to, such Investments, the aggregate book value of all such Investments does not exceed $100,000,000 in the aggregate. 
  
 7.03 Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether
in one transaction or in a series of transactions) all or a Material Portion of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that, so long as no Default exists or would result therefrom: 
  
 (a) any Restricted Subsidiary may merge with (i) the Borrower,
provided that the Borrower shall be the continuing or surviving Person, or (ii) any one or more other Restricted Subsidiaries, provided that when any wholly-owned Restricted Subsidiary is merging with another Restricted Subsidiary, the
wholly-owned Restricted Subsidiary shall be the continuing or surviving Person; and 
  
 (b) any Restricted Subsidiary may Dispose of all or a Material Portion of its assets (upon voluntary liquidation or otherwise) to the Borrower or to another Restricted Subsidiary; provided that if the
transferor in such a transaction is a wholly-owned Restricted Subsidiary, then the transferee must either be the Borrower or a wholly-owned Restricted Subsidiary; 
  
 (c) the Borrower or any of its Restricted Subsidiaries may consolidate or merge with another corporation or entity, and a
Person may consolidate with or merge into the Borrower or any of its Restricted Subsidiaries, provided that (x) if the merger involves a Restricted Subsidiary but does not involve the Borrower, a Restricted Subsidiary shall be the
ultimate surviving entity, and (y) if the merger involves the Borrower, the Borrower shall be the ultimate surviving entity, and (z) in each such case (i) the surviving entity shall be after the merger a solvent corporation organized and existing
under the laws of the United States of America, any State thereof or the District of Columbia, (ii) immediately after giving effect to such transaction and treating any Indebtedness which becomes an obligation of the Borrower or a Restricted
Subsidiary as a result of such transaction as having been incurred by the Borrower or such Restricted Subsidiary at the time of such transaction, no Default shall have happened and be continuing, and (iii) if the merger or consolidation involves the
Borrower, the Borrower has delivered to the Administrative Agent a certificate signed by a Responsible Officer and an opinion of counsel, each stating that such consolidation or merger complies with this Section 7.03 and such certificate
shall additionally state that, in the opinion of the board of directors of the Borrower, the transaction is in the interest of the Borrower; 
  
 provided, however, that the Borrower shall not convey or transfer any assets to a Restricted Subsidiary solely for the purpose of improving the credit
position of such Restricted Subsidiary in order to enable it to borrow money. 
  
 7.04 Change in Nature of Business. Engage in any material line of business substantially different from those lines of business conducted by the Borrower and its Restricted Subsidiaries on the date hereof or
any business substantially related or incidental thereto. 
  
 7.05 Transactions with Affiliates. Enter into any transaction of any kind with any Affiliate of the Borrower, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to
the Borrower or such Restricted Subsidiary as would be obtainable by the Borrower or such Restricted Subsidiary at the time in a comparable arm’s length transaction with a Person other than an Affiliate. 
  

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 7.06 Burdensome Agreements. Enter into any Contractual Obligation that limits the ability of any
Restricted Subsidiary to pay dividends or make other payments or distributions to the Borrower or to otherwise transfer property to the Borrower. 
  
 7.07 Use of Proceeds. 
  
 (a) Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry
margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose; or 
  
 (b) use the proceeds of any Credit Extension in connection with the
acquisition of a voting interest of five percent or more in any Person if such acquisition is opposed by the board of directors or management of such Person. 
  
 7.08 Debt to Capital. 
  
 (a) Permit Consolidated Total Indebtedness at any time to exceed 67.5% of Total Capital. 
  
 (b) Qualifying Obligations constitute Indebtedness as defined in this Agreement. However, for purposes of determining
compliance with this Section 7.08 as of any date, the Qualifying Amount of Pledged Notes and Convertibles, and the Qualifying Amount of Subordinated Securities, shall be excluded from Consolidated Total Indebtedness and shall be added to
Consolidated Net Worth. As used in this Section, (i) “Qualifying Amount of Pledged Notes and Convertibles” as of any date means an amount equal to the lesser of (A) 75% of the outstanding principal amount of Pledged Notes and of
Convertibles as of such date, or (B) 10% of Total Capital as of such date, and (ii) “Qualifying Amount of Subordinated Securities” as of any date means an amount equal to the lesser of (A) 75% of the outstanding principal amount of all
Subordinated Securities as of such date or (B) 15% of Total Capital as of such date minus the Qualifying Amount of Pledged Notes and Convertibles as of such date. For the avoidance of doubt, any Convertibles that also qualify as Subordinated
Securities as defined in this Agreement shall be deemed Subordinated Securities only for purposes of determining compliance with this Section 7.08. 
  
 7.09 Designation of Unrestricted MLP Subsidiaries; Investments in Unrestricted MLP Subsidiaries. 
  
 (a) The Borrower may designate any MLP Subsidiary as an Unrestricted MLP
Subsidiary by delivery of a certificate of a Responsible Officer of the Borrower to the Administrative Agent, which certificate shall name each of the MLP Subsidiaries being designated as Unrestricted MLP Subsidiaries, state the effective date of
such designation, which shall be the date of delivery of such certificate, and certify that all of the conditions set forth in this Section 7.09 have been satisfied. An MLP Subsidiary may be designated as an Unrestricted MLP Subsidiary, only
if after giving effect to such designation no Default shall have occurred and be continuing or would occur as a consequence thereof and provided further that each of the following conditions is satisfied with respect to such MLP Subsidiary and all
of its Subsidiaries: 
  
 (i) a GP-MLP may be
designated as an Unrestricted MLP Subsidiary only if its business is limited to holding a general partnership interest in an MLP that has been designated as an Unrestricted Subsidiary; 
  

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 (ii) (A) neither the Borrower nor any of its Restricted Subsidiaries provides any
Guarantee of, or any credit support for, any Indebtedness or other obligation (contingent or otherwise) of such MLP Subsidiary (or any of its Subsidiaries), or otherwise is directly or indirectly liable for any Indebtedness or other obligation
(contingent or otherwise) of such MLP Subsidiary (or any of its Subsidiaries), (B) no Indebtedness or other obligation (contingent or otherwise) of such MLP Subsidiary (or any of its Subsidiaries) is with recourse to the Borrower or any Restricted
Subsidiary, (C) neither the Borrower nor any of its Restricted Subsidiaries has any direct or indirect obligation to maintain or preserve the financial condition of such MLP Subsidiary (or any of its Subsidiaries) or to cause any such MLP Subsidiary
(or any of its Subsidiaries) to achieve any specified level of operating results, and (D) there are no Liens on any property of the Borrower or any Restricted Subsidiary securing, nor is any of their property otherwise subject (directly or
indirectly) to the satisfaction of, any Indebtedness or other obligation (contingent or otherwise), of any such MLP Subsidiary (or any of its Subsidiaries); and 
  
 (iii) such MLP Subsidiary does not, nor does any of its Subsidiaries (i) own any capital stock of or other
equity interests in the Borrower or any Restricted Subsidiary, (ii) hold any Indebtedness of the Borrower or any Restricted Subsidiary, except in the ordinary course of business but in no event Indebtedness for borrowed money, or (iii) hold any Lien
on property of the Borrower or any Restricted Subsidiary, except in connection with the ordinary course of business but in no event to secure debt for borrowed money. 
  
 (b) If at any time any Unrestricted MLP Subsidiary fails to meet any of the requirements set forth in Section
7.09(a)(i), (ii) or (iii), then (i) it and each of its Subsidiaries shall thereafter cease to be Unrestricted MLP Subsidiaries and it and each of its Subsidiaries shall be Restricted Subsidiaries, and (ii) the Borrower shall so
notify the Administrative Agent. 
  
 (c) The Borrower may at any
time designate any Unrestricted MLP Subsidiary to be a Restricted Subsidiary, provided that all of the Subsidiaries of such Unrestricted MLP Subsidiary shall also be designated as Restricted Subsidiaries, and provided further that
immediately after giving effect to such designation no Default shall have occurred and be continuing or would occur as a consequence thereof. Such designation shall be made by delivery of a certificate of a Responsible Officer of the Borrower to the
Administrative Agent, which certificate shall (i) name each of the MLP Subsidiaries being designated as a Restricted Subsidiary, (ii) state the effective date of such designation, which shall be the date of delivery of such certificate, and (iii)
certify that all of the conditions to such designation set forth in this Section 7.09 have been satisfied. 
  
 (d) The aggregate net amount invested by the Borrower and its Restricted Subsidiaries in Unrestricted MLP Subsidiaries from and after the Closing Date
shall not at any time exceed twenty percent (20%) of consolidated total assets of the Borrower and its Restricted Subsidiaries determined in accordance with GAAP. For purposes of determining compliance with this subsection (d): (i) the
“aggregate net amount invested” shall be equal to (A) the aggregate dollar amount of Investments made by the Borrower and its Restricted Subsidiaries in Unrestricted MLP Subsidiaries (and for this purpose, Investments made by transfer of
assets other than cash from the Borrower or a Restricted Subsidiary to an Unrestricted MLP Subsidiary shall be valued at the fair market value of such assets at the time of transfer), minus (B) (I) dividends and other distributions of cash
received by the Borrower and its Restricted Subsidiaries in respect of such Investments (or, in the case of Investments in the form of loans or other extensions of credit by the Borrower or its Restricted Subsidiaries to Unrestricted MLP
Subsidiaries, repayments of the principal of such loans or other extensions of credit) and (II) cash consideration received for sale of equity interests in Unrestricted MLP Subsidiaries by the Borrower and its Restricted Subsidiaries to unrelated
third parties; (ii) consolidated total assets shall be determined as of the fiscal quarter of the Borrower most recently ended, and (iii) “fair market value” of assets means the 
  

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 fair market value of such assets as determined by the independent third party retained by the Borrower or an Unrestricted
MLP Subsidiary or directors of either of the foregoing in connection with the Borrower’s investment in such Unrestricted MLP Subsidiary. 
  
 ARTICLE VIII. 
 EVENTS OF DEFAULT AND
REMEDIES 
  
 8.01 Events of Default. Any of the
following shall constitute an Event of Default: 
  
 (a)
Non-Payment. The Borrower fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within three Business days after the same becomes due, any interest on any Loan or on any
L/C Obligation, or any facility, utilization or other fee due hereunder, or (iii) within five Business days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or 
  
 (b) Specific Covenants. The Borrower fails to perform or observe any
term, covenant or agreement contained in any of Section 6.03, 6.05, 6.10, 6.11, 7.01, 7.08 or 7.09(d) or clause (y) of Section 7.03; or 
  
 (c) Other Defaults. The Borrower fails to perform or observe any other
covenant or agreement (not specified in subsection (a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days; or 
  
 (d) Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed
made by or on behalf of the Borrower, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading when made or deemed made; or 
  
 (e) Cross-Default. (i) The Borrower or any Restricted Subsidiary (A)
fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having
an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or (B) fails to observe or perform
any other agreement or condition relating to any such Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause,
or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if
required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made by the Borrower or any
Restricted Subsidiary, prior to its stated maturity, or such Guarantee to become payable or cash collateral in respect thereof to be demanded; or (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract)
resulting from (A) any event of default under such Swap Contract as to which the Borrower or any Restricted Subsidiary is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract
as to which the Borrower or any Restricted Subsidiary is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by the Borrower or such Restricted Subsidiary as a result thereof is greater than the Threshold Amount;
or 
  

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 (f) Insolvency Proceedings, Etc. The Borrower or any of its Subsidiaries institutes or consents to
the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar
officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment
continues undischarged or unstayed for 60 calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues
undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceeding; or the Borrower or any of its Subsidiaries shall take any corporate action in furtherance of any of the foregoing; or 
  
 (g) Inability to Pay Debts; Attachment. (i) The Borrower or any
Restricted Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material
part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or 
  
 (h) Judgments. There is entered against the Borrower or any Restricted Subsidiary (i) a final judgment or order for the payment of money in an
aggregate amount exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage), or (ii) any one or more non-monetary final judgments that have, or could reasonably
be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of ten (10) consecutive days during
which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or 
  
 (i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to
result in liability of the Borrower under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of the Threshold Amount, or (ii) the Borrower or any ERISA Affiliate fails to pay when due, after the
expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of the Threshold Amount; or 
  
 (j) Invalidity of Loan Documents. Any Loan Document, at any time after
its execution and delivery and for any reason other than as expressly permitted hereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or the Borrower or any other Person contests in any manner the validity
or enforceability of any Loan Document; or the Borrower denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document; or 
  
 (k) Change of Control. There occurs any Change of Control with respect
to the Borrower. 
  
 8.02 Remedies Upon Event of Default.
If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 
  
 (a) declare the commitment of each Lender to make Loans and any obligation
of the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated; 
  

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 (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid
thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower;

  
 (c) require that the Borrower Cash Collateralize the L/C
Obligations (in an amount equal to the then Outstanding Amount thereof); and 
  
 (d) exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents or applicable law; 
  
 provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower
under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and
all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case without further act
of the Administrative Agent or any Lender. 
  
 8.03 Application
of Funds. After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set
forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: 
  
 First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts
(including Attorney Costs and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; 
  
 Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable
to the Lenders (including Attorney Costs and amounts payable under Article III), ratably among them in proportion to the amounts described in this clause Second payable to them; 
  
 Third, to payment of that portion of the Obligations constituting
accrued and unpaid interest on the Loans and L/C Borrowings, ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to them; 
  
 Fourth, to payment of that portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings,
ratably among the Lenders in proportion to the respective amounts described in this clause Fourth held by them; 
  
 Fifth, to the Administrative Agent for the account of the L/C Issuer, to Cash Collateralize that portion of L/C Obligations comprised of the
aggregate undrawn amount of Letters of Credit; and 
  
 Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required by Law. 
  
 Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fifth above shall be
applied to satisfy drawings under such Letters of Credit 
  

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 as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully
drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 
  
 ARTICLE IX. 
 ADMINISTRATIVE AGENT

  
 9.01 Appointment and Authority. Each of the Lenders
and the L/C Issuer hereby irrevocably appoints Bank of America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise
such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative
Agent, the Lenders and the L/C Issuer, and the Borrower shall not have rights as a third party beneficiary of any of such provisions. 
  
 9.02 Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender
as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the
Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any
kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. 
  
 9.03 Exculpatory Provisions. The Administrative Agent shall not have
any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, the Administrative Agent: 
  
 (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing; 
  
 (b) shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the
Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its
opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law; and 
  
 (c) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to
disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 
  
 The Administrative Agent shall not be liable for any action taken or not
taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the
circumstances as provided in Sections 10.01 and 8.02) or (ii) in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice
describing such Default is given to the Administrative Agent by the Borrower, a Lender or the L/C Issuer. 
  

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 The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i)
any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or
therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this
Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered
to the Administrative Agent. 
  
 9.04 Reliance by
Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any
electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement
made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance of a
Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or the L/C Issuer unless the Administrative Agent shall
have received notice to the contrary from such Lender or the L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower),
independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 
  
 9.05 Delegation of Duties. The Administrative Agent may perform any
and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and
all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such
sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. 
  
 9.06 Resignation of Administrative Agent. The Administrative Agent may at any time give notice of its resignation to
the Lenders, the L/C Issuer and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in the United
States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent
gives notice of its resignation, then the retiring Administrative Agent may on behalf of the Lenders and the L/C Issuer, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative
Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Administrative Agent shall be
discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the L/C Issuer under any of the Loan
Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a 
  

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 successor Administrative Agent is appointed) and (2) all payments, communications and determinations provided to be made
by, to or through the Administrative Agent shall instead be made by or to each Lender and the L/C Issuer directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the
acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the
retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrower to a
successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring Administrative Agent’s resignation hereunder and under the other Loan
Documents, the provisions of this Article and Section 10.04 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be
taken by any of them while the retiring Administrative Agent was acting as Administrative Agent. 
  
 Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also constitute its resignation as L/C Issuer. Upon the
acceptance of a successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer, (b) the retiring L/C Issuer shall
be discharged from all of its duties and obligations hereunder or under the other Loan Documents, and (c) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such
succession or make other arrangement satisfactory to the retiring L/C Issuer to effectively assume the obligations of the retiring L/C Issuer with respect to such Letters of Credit. 
  
 9.07 Non-Reliance on Administrative Agent and Other Lenders. Each Lender and the L/C Issuer acknowledges that it has,
independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into
this Agreement. Each Lender and the L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it
shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.

  
 9.08 Administrative Agent May File Proofs of
Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Borrower, the Administrative Agent (irrespective of
whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled
and empowered, by intervention in such proceeding or otherwise 
  
 (a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be
necessary or advisable in order to have the claims of the Lenders, the L/C Issuer and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer and the
Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuer and the Administrative Agent under Sections 2.03(i) and (j), 2.08, 10.04 and 10.05) allowed in such
judicial proceeding; and 
  

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 (b) to collect and receive any monies or other property payable or deliverable on any such claims and to
distribute the same; 
  
 and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and the L/C Issuer to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent
to the making of such payments directly to the Lenders and the L/C Issuer, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and
counsel, and any other amounts due the Administrative Agent under Sections 2.08, 10.04, and 10.05. 
  
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or
the L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.

  
 9.09 Release of Lien on Cash Collateral Upon Expiration of
Letters of Credit. The Lenders irrevocably authorize the Administrative Agent to release its Lien on Cash Collateral at such time as all Letters of Credit have expired, all Obligations have been paid in full, and the Aggregate Commitments have
terminated. 
  
 9.10 Other Agents; Arrangers and Managers.
None of the Lenders or other Persons identified on the facing page or signature pages of this Agreement as a “syndication agent,” “co-documentation agent,” “book manager,” “lead manager,”
“arranger,” or “lead arranger” shall have any right, power, obligation, liability, responsibility or duty under this Agreement except in its capacity, as applicable, as the Administrative Agent, a Lender, or an L/C Issuer
hereunder. Without limiting the foregoing, none of the Lenders or other Persons so identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not relied, and will not rely, on any of
the Lenders or other Persons so identified in deciding to enter into this Agreement or in taking or not taking action hereunder. 
  
 ARTICLE X. 
 MISCELLANEOUS

  
 10.01 Amendments, Etc. No amendment or waiver of
any provision of this Agreement or any other Loan Document, and no consent to any departure by the Borrower therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower, as the case may be, and acknowledged by the
Administrative Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: 
  
 (a) waive any condition set forth in Section 4.01(a) without the
written consent of each Lender; 
  
 (b) extend or increase the
Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02) without the written consent of such Lender; 
  
 (c) postpone any date fixed by this Agreement or any other Loan Document for any payment or mandatory prepayment of principal, interest, fees or other
amounts due to the Lenders (or any of them) or any mandatory reduction of the Aggregate Commitments hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby; 
  

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 (d) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or
(subject to clause (iv) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby; provided,
however, that only the consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the Borrower to pay interest at the Default Rate; 
  
 (e) change Section 2.12 or Section 8.03 in a manner that would
alter the pro rata sharing of payments required thereby without the written consent of each Lender; 
  
 (f) change any provision of this Section or the definition of “Required Lenders” or any other provision hereof specifying the number or
percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender; or 
  
 (g) permit the release of cash collateral (except as set forth in Section
9.11) or amend any of the terms of this Agreement so as to reduce the amount of cash collateral required in respect of Letters of Credit; 
  
 and, provided further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the L/C Issuer in addition to the Lenders required
above, affect the rights or duties of the L/C Issuer under this Agreement or any Letter of Credit Application relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by
the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; (iii) Section 10.06(i) may not be amended, waived or otherwise
modified without the consent of each Granting Lender all or any part of whose Loans are being funded by an SPC at the time of such amendment, waiver or other modification; and (iv) no Fee Letter may be amended, or rights or privileges thereunder
waived, in a writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of
such Lender may not be increased or extended without the consent of such Lender. 
  
 10.02 Notices and Other Communications; Facsimile Copies. 
  
 (a) General. Unless otherwise expressly provided herein, all notices and other communications provided for hereunder shall be in writing (including
by facsimile transmission). All such written notices shall be mailed, faxed or delivered to the applicable address, facsimile number or (subject to subsection (c) below) electronic mail address, and all notices and other communications expressly
permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 
  
 (i) if to the Borrower, the Administrative Agent, or the L/C Issuer, to the address, facsimile number, electronic mail address or
telephone number specified for such Person on Schedule 10.02 or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the other parties; and 
  
 (ii) if to any other Lender, to the address, facsimile
number, electronic mail address or telephone number specified in its Administrative Questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the
Borrower, the Administrative Agent, and the L/C Issuer. 
  

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 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have
been given when received; notices sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next
business day for the recipient). Notices delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b). 
  
 (b) Electronic Communications. Notices and other communications to the Lenders and the L/C Issuer hereunder may be
delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or the
L/C Issuer pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the
Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular
notices or communications. 
  
 Unless the Administrative Agent
otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested”
function, as available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have
been sent at the opening of business on the next business day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail
address as described in the foregoing clause of notification that such notice or communication is available and identifying the website address therefor. 
  
 (c) Change of Address, Etc. Each of the Borrowers, the Administrative Agent and the L/C Issuer may change its address, telecopier or telephone
number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the Company, the
Administrative Agent and the L/C Issuer. 
  
 (d) Reliance by
Administrative Agent, L/C Issuer and Lenders. The Administrative Agent, the L/C Issuer, and the Lenders shall be entitled to rely and act upon any notices (including telephonic Loan Notices) purportedly given by or on behalf of the
Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any
confirmation thereof. The Borrower shall indemnify the Administrative Agent, the L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each
notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording.

  
 10.03 No Waiver; Cumulative Remedies. No failure by any
Lender or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or
privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies,
powers and privileges provided by law. 
  

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 10.04 Expenses; Indemnity; Damage Waiver. 
  
 (a) Costs and Expenses. The Borrower shall pay (i) all reasonable out
of pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of outside counsel for the Administrative Agent), in connection with the syndication of the credit facilities
provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions
contemplated hereby or thereby shall be consummated), (ii) all reasonable out of pocket expenses incurred by the L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder
and (iii) all out of pocket expenses incurred by the Administrative Agent, any Lender or the L/C Issuer (including the fees, charges and disbursements of any outside counsel for the Administrative Agent, any Lender or the L/C Issuer), in connection
with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including
all such out of pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 
  
 (b) Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and the L/C
Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses
(including the fees, charges and disbursements of any outside counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection
with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or
thereunder or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand for payment under a
Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or
operated by the Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of
the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto, in all cases, whether or not caused by
or arising, in whole or in part, out of the comparative, contributory or sole negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages,
liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee. 
  
 (c) Reimbursement by Lenders. To the extent that the Borrower for any
reason fails to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the L/C Issuer or any Related Party of any of the foregoing, each Lender
severally agrees to pay to the Administrative Agent (or any such sub-agent), the L/C Issuer or such Related Party, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or
indemnity payment is sought) of such unpaid 
  

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 amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense,
as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) or the L/C Issuer in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such
sub-agent) or L/C Issuer in connection with such capacity. The obligations of the Lenders under this subsection (c) are subject to the provisions of Section 2.12(d). 
  
 (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, the parties to this
Agreement shall not assert, and hereby waive, any claim against any other party or Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No
Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information
transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby except to the extent caused by such Person’s gross negligence or willful misconduct. 
  
 (e) Payments. All amounts due under this Section 10.04 shall be
payable not later than ten Business Days after demand therefor. 
  
 (f) Survival. The agreements in this Section shall survive the resignation of the Administrative Agent and the L/C Issuer, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or
discharge of all the other Obligations. 
  
 10.05 Payments Set
Aside. To the extent that any payment by or on behalf of the Borrower is made to the Administrative Agent, the L/C Issuer or any Lender, or the Administrative Agent, the L/C Issuer or any Lender exercises its right of set-off, and such payment
or the proceeds of such set-off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, the L/C Issuer or such
Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended
to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share
of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The
obligations of the Lenders and the L/C Issuer under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 
  
 10.06 Successors and Assigns. 
  
 (a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender and no
Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions
of subsection (d) of this Section, (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section, or (iv) to an SPC in accordance with the provisions of 
  

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 subsection (h) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and
void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of
this Section and, to the extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
  
 (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible Assignees all or a portion of
its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans (including for purposes of this subsection (b), participations in L/C Obligations and) at the time owing to it); provided that:

  
 (i) except in the case of an assignment of
the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund (as defined in subsection (g) of this Section)
with respect to a Lender, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender
subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the
Trade Date, shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed);

  
 (ii) each partial assignment shall be made as
an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned; 
  
 (iii) any assignment of a Commitment must be approved by the Administrative Agent and the L/C Issuer unless
the Person that is the proposed assignee is itself a Lender (whether or not the proposed assignee would otherwise qualify as an Eligible Assignee) (each such consent not to be unreasonably withheld); and 
  
 (iv) the parties to each assignment shall execute and
deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500, and the Eligible Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative
Questionnaire. 
  
 Subject to acceptance and recording thereof by
the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the
interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released
from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to
be entitled to the benefits of Sections 3.01, 3.04, 3.05, and 10.04 with respect to facts and circumstances occurring prior to the effective date of such assignment). Upon request, the Borrower (at its expense) shall
execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such
Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section. 
  

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 (c) Register. The Administrative Agent, acting solely for this purpose as an agent of the
Borrower, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts
of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent and the Lenders may
treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower
and any Lender, at any reasonable time and from time to time upon reasonable prior notice. In addition, at any time that a request for a consent for a material or substantive change to the Loan Documents is pending, any Lender wishing to consult
with other Lenders in connection therewith may request and receive from the Administrative Agent a copy of the Register. 
  
 (d) Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations
to any Person (other than a natural person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement
(including all or a portion of its Commitment and/or the Loans (including such Lender’s participations in L/C Obligations) owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii)
such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent, the Lenders and the L/C Issuer shall continue to deal solely and directly with such
Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this
Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any
amendment, waiver or other modification described in the first proviso to Section 10.01 that directly affects such Participant. Subject to subsection (e) of this Section, the Borrower agrees that each Participant shall be entitled to the
benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by law, each Participant also
shall be entitled to the benefits of Section 10.09 as though it were a Lender, provided such Participant agrees to be subject to Section 2.12 as though it were a Lender. 
  
 (e) Limitations upon Participant Rights. A Participant shall not be
entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such
Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is notified of the participation
sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 3.01(e) as though it were a Lender. 
  
 (f) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement
(including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its
obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
  
 (g) Certain Definitions. As used herein, the following terms have the following meanings: 
  
 “Eligible Assignee” means (a) a Lender; (b)
an Affiliate of a Lender; (c) an Approved Fund; and (d) any other Person (other than a natural person) approved by (i) the Administrative 
  

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 Agent and the L/C Issuer, and (ii) unless an Event of Default has occurred and is continuing, the
Borrower (each such approval not to be unreasonably withheld or delayed); provided that notwithstanding the foregoing, “Eligible Assignee” shall not include the Borrower or any of the Borrower’s Affiliates or Subsidiaries.

  
 “Fund” means any Person
(other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 
  
 “Approved Fund” means any Fund that is
administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
  
 (h) Electronic Execution of Assignments. The words “execution,” “signed,” “signature,” and words of like import in
any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a
paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act,
or any other similar state laws based on the Uniform Electronic Transactions Act. 
  
 (i) Special Purpose Funding Vehicles. Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle identified as
such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower (an “SPC”) the option to provide all or any part of any Loan that such Granting Lender would otherwise be obligated to make
pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to fund any Loan, and (ii) if an SPC elects not to exercise such option or otherwise fails to make all or any part of such Loan, the
Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. Each party hereto hereby agrees that (i) neither the grant to any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise
increase or change the obligations of the Borrower under this Agreement (including its obligations under Section 3.04), (ii) no SPC shall be liable for any indemnity or similar payment obligation under this Agreement for which a Lender would
be liable, and (iii) the Granting Lender shall for all purposes, including the approval of any amendment, waiver or other modification of any provision of any Loan Document, remain the lender of record hereunder. The making of a Loan by an SPC
hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination
of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior debt of any SPC, it will not institute against, or join any other Person in instituting against,
such SPC any bankruptcy, reorganization, arrangement, insolvency, or liquidation proceeding under the laws of the United States or any State thereof. Notwithstanding anything to the contrary contained herein, any SPC may (i) with notice to, but
without prior consent of the Borrower and the Administrative Agent and without paying any processing fee therefor, assign all or any portion of its right to receive payment with respect to any Loan to the Granting Lender and (ii) disclose on a
confidential basis any non-public information relating to its funding of Loans to any rating agency, commercial paper dealer or provider of any surety or Guarantee or credit or liquidity enhancement to such SPC. 
  
 (j) Resignation as L/C Issuer after Assignment. Notwithstanding
anything to the contrary contained herein, if (i) at any time Bank of America assigns all of its Commitment and Loans pursuant to subsection (b) above, Bank of America may, upon 30 days’ notice to the Borrower and the Lenders, 
  

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 resign as L/C Issuer, and (ii) at any time Citibank, N.A. assigns all of its Commitment and Loans pursuant to subsection
(b) above, Citibank, N.A. may, upon 30 days’ notice to the Borrower and the Lenders, resign as L/C Issuer. In the event of any such resignation as L/C Issuer, the Borrower shall be entitled to appoint from among the Lenders a successor L/C
Issuer hereunder; provided, however, that no failure by the Borrower to appoint any such successor shall affect the resignation of Bank of America or Citibank, N.A., as applicable, as L/C Issuer. If Bank of America or Citibank, N.A.
resigns as L/C Issuer, it shall retain all the rights and obligations of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect
thereto (including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). 
  
 10.07 Confidentiality. Each of the Administrative Agent, the Lenders and the L/C Issuer agrees to maintain the
confidentiality of the Information (as defined below), except that (a) Information may be disclosed (i) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential); (ii) to the extent requested by any regulatory authority; (iii) to the
extent required by applicable laws or regulations or by any subpoena or similar legal process; (iv) to any other party to this Agreement; (v) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to
this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder; (vi) subject to an agreement containing provisions substantially the same as those of this Section, to any Eligible Assignee of or Participant in, or any
prospective Eligible Assignee of or Participant in, any of its rights or obligations under this Agreement; (vii) with the consent of the Borrower; (viii) to the extent such Information (A) becomes publicly available other than as a result of a
breach of this Section or (B) becomes available to the Administrative Agent, any Lender or any L/C Issuer on a nonconfidential basis from a source other than the Borrower; or (ix) to the National Association of Insurance Commissioners or any other
similar organization; and (b) subject to an agreement containing provisions substantially the same as those of this Section, Information other than the Projections (as hereinafter defined) may be disclosed to any direct or indirect contractual
counterparty or prospective counterparty (or such contractual counterparty’s or prospective counterparty’s professional advisor) to any swap or credit derivative transaction relating to obligations of the Borrower. In addition, the
Administrative Agent, the Lenders and the L/C Issuer may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry, and service providers to the
Administrative Agent and the Lenders in connection with the administration and management of this Agreement, the other Loan Documents, the Commitments, and the Credit Extensions. For the purposes of this Section, “Information” means
all information received from the Borrower or any Restricted Subsidiary of Borrower, or any officer, director, employee, counsel, or agent of Borrower or any of its Restricted Subsidiaries relating to the Borrower or any Restricted Subsidiary or any
of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or any L/C Issuer on a nonconfidential basis prior to disclosure by the Borrower. As used herein,
“Projections” means all financial projections prepared by the Borrower and furnished to the Lenders in connection with this Credit Agreement. Any Person required to maintain the confidentiality of Information as provided in this
Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.

  
 10.08 Set-off. In addition to any rights and remedies
of the Lenders provided by law, upon the occurrence and during the continuance of any Event of Default, each Lender and its Affiliates are authorized at any time and from time to time, without prior notice to the Borrower, any such notice being
waived by the Borrower to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by, and other indebtedness at 
  

 72 

 any time owing by, such Lender, the L/C Issuer or any such Affiliate to or for the credit or the account of the Borrower
against any and all Obligations owing to such Lender or the L/C Issuer hereunder or under any other Loan Document, now or hereafter existing, irrespective of whether or not the Administrative Agent or such Lender or the L/C Issuer shall have made
demand under this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured or denominated in a currency different from that of the applicable deposit or indebtedness. Each Lender agrees promptly to notify the
Borrower and the Administrative Agent after any such set-off and application made by such Lender or any of its Affiliates; provided, however, that the failure to give such notice shall not affect the validity of such set-off and
application. 
  
 10.09 Interest Rate Limitation.
Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum
Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the
Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not
principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the
contemplated term of the Obligations hereunder. 
  
 10.10
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  
 10.11 Integration, Effectiveness. (a) This Agreement, together with
the other Loan Documents, comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event of any conflict between the
provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of the Administrative Agent or the Lenders in any other
Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint participation of the respective parties thereto and shall be construed neither against nor in favor of any party, but rather in
accordance with the fair meaning thereof. 
  
 (b) Except as
provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the
signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement. 
  
 10.12 Survival of Representations and Warranties. All representations
and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and
warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any
Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit
shall remain outstanding. 
  

 73 

 10.13 Severability. If any provision of this Agreement or the other Loan Documents is held to be
illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith
negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a
particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
  
 10.14 Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay any additional
amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender is a Defaulting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the
Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.07), all of its interests, rights and obligations under
this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: 
  
 (a) the Borrower shall have paid to the Administrative Agent the assignment
fee specified in Section 10.07(b); 
  
 (b) such Lender
shall have received payment of an amount equal to the outstanding principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts
under Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 
  
 (c) in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments
required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; and 
  
 (d) such assignment does not conflict with applicable Laws. 
  
 A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the
circumstances entitling the Borrower to require such assignment and delegation cease to apply. 
  
 10.15 Governing Law. 
  
 (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK. 
  
 (b) SUBMISSION TO JURISDICTION. THE BORROWER IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION
OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN
SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT 
  

 74 

 PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH
ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE
ADMINISTRATIVE AGENT, ANY LENDER OR THE L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
  
 (c) WAIVER OF VENUE. THE BORROWER IRREVOCABLY AND UNCONDITIONALLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT
REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH
COURT. 
  
 (d) SERVICE OF PROCESS. EACH PARTY HERETO
IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

 
 10.16 Waiver of Right to Trial by Jury. EACH PARTY HERETO HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER
PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
  
 10.17
USA PATRIOT Act Notice Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA Patriot
Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001) (the “Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower
and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in accordance with the Act. 
  
 10.18 ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 
  

 75 

 10.19 Termination of Existing Credit Agreement. The commitments of the Existing Lenders under the
Existing Credit Agreement shall terminate on the Closing Date. Execution of this Agreement by Lenders who are Existing Lenders shall constitute a waiver of the notice provisions in Section 2.05 of the Existing Credit Agreement that would
otherwise be applicable to such termination. 
  

 76 

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

			
	 ONEOK, INC.

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 BANK OF AMERICA, N.A., as

	 Administrative Agent

		
	 By:
	 	  

	 	 	 Michelle A. Schoenfeld

	 	 	 Principal

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 BANK OF AMERICA, N.A., as

	 a Lender and L/C Issuer

		
	 By:
	 	  

	 	 	 Michelle A. Schoenfeld

	 	 	 Principal

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 CITIBANK, N.A., as

	 a Lender and L/C Issuer

		
	 By:
	 	  

	 	 	 Robert J. Harrity, Jr.

	 	 	 Managing Director

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 ABN AMRO Bank N.V., as

	 a Lender

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 BANK ONE, NA, as

	 a Lender

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 WACHOVIA BANK, NATIONAL ASSOCIATION,

	 as a Lender

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 THE ROYAL BANK OF SCOTLAND plc,

	 as a Lender

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 UBS LOAN FINANCE LLC, as

	 a Lender

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 [Signature Page to ONEOK Credit Agreement] 

			
	SUMITOMO MITSUI BANKING CORPORATION,
	 as a Lender

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 SUNTRUST BANK, as

	 a Lender

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 BANK OF OKLAHOMA N.A., as

	 a Lender

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 WESTLB AG, NEW YORK BRANCH, as

	 a Lender

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 UNION BANK OF CALIFORNIA, N.A., as

	 a Lender

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 KBC BANK N.V., as

	 a Lender

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 UMB BANK, N.A., as

	 a Lender

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 [Signature Page to ONEOK Credit Agreement] 

			
	 ARVEST BANK, as

	 a Lender

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 [Signature Page to ONEOK Credit Agreement] 

 SCHEDULE 1.01A 
  
 EXISTING LETTERS OF CREDIT 
  
 The letter of credit dated April 24, 2004 issued by Bank of America in the original face amount of $907,000. Beneficiaries: subsidiaries of AIG. 
  

 Schedule 1.01A – Page 1 

 SCHEDULE 1.01B 
  
 EXISTING SALE AND 
 LEASEBACK TRANSACTIONS 
  
 ONEOK Leasing Company, a Delaware
corporation and wholly-owned subsidiary of ONEOK, Inc. (as Lessee), entered into a Sublease with RMZ Corporation, a Delaware corporation (as Lessor), dated as of May 15, 1983, as amended by a First Amendment to Lease dated as of October 1, 1984.

  

 Schedule 1.01B – Page 1 

 SCHEDULE 2.01 
  
 COMMITMENTS 
 AND PRO RATA SHARES 
  

							
	 Lender

	  	Commitment

	  	Pro Rata Share

	 
	 Bank of America, N.A.
	  	$	115,000,000	  	11.500000	%
	 Citibank, N.A.
	  	$	115,000,000	  	11.500000	%
	 ABN AMRO Bank N.V.
	  	$	90,000,000	  	9.000000	%
	 Bank One, NA
	  	$	90,000,000	  	9.000000	%
	 Wachovia Bank, National Association
	  	$	90,000,000	  	9.000000	%
	 The Royal Bank of Scotland plc
	  	$	90,000,000	  	9.000000	%
	 UBS Loan Finance LLC
	  	$	90,000,000	  	9.000000	%
	 Sumitomo Mitsui Banking Corporation
	  	$	65,000,000	  	6.500000	%
	 SunTrust Bank
	  	$	65,000,000	  	6.500000	%
	 Bank of Oklahoma N.A.
	  	$	50,000,000	  	5.000000	%
	 WestLB AG, New York Branch
	  	$	50,000,000	  	5.000000	%
	 Union Bank of California, N.A.
	  	$	30,000,000	  	3.000000	%
	 KBC Bank N.V.
	  	$	25,000,000	  	2.500000	%
	 UMB Bank, N.A.
	  	$	25,000,000	  	2.500000	%
	 ARVEST Bank
	  	$	10,000,000	  	1.000000	%
	 Total
	  	$	1,000,000,000	  	100.000000000	%

  

 Schedule 2.01 – Page 1 

 SCHEDULE 5.13 
  
 SUBSIDIARIES 
 AND OTHER EQUITY INVESTMENTS 
  

			
	 Part (a).
	  	 Subsidiaries.

		
	 	  	OkTex Pipeline Company
	 	  	ONEOK Gas Transportation, L.L.C.
	 	  	Mid Continent Market Center, Inc.
	 	  	ONEOK Sayre Storage Company
	 	  	ONEOK WesTex Gas Pipeline, Inc.
	 	  	ONEOK WesTex Transmission, L.P.
	 	  	ONEOK Palo Duro Pipeline Company, Inc.
	 	  	ONEOK Gas Storage, L.L.C.
	 	  	ONEOK Gas Storage Holdings, Inc.
	 	  	ONEOK Gas Gathering, L.L.C.
	 	  	ONEOK Texas Gas Storage, L.P.
	 	  	ONEOK Energy Services Company, II
	 	  	Kansas Gas Marketing Company
	 	  	ONEOK Energy Services Holdings, Inc.
	 	  	ONEOK Energy Marketing Company
	 	  	Oklahoma Natural Energy Services Company
	 	  	ONEOK Energy Services Company, L.P.
	 	  	ONEOK Field Services Company
	 	  	ONEOK Field Services Holdings, Inc.
	 	  	ONEOK Bushton Processing, Inc.
	 	  	ONEOK Gas Processing, L.L.C.
	 	  	Kansas Gas Supply Corporation
	 	  	Blue Moon Holdings, L.L.C.
	 	  	ONEOK Midstream Gas Supply, L.L.C.
	 	  	ONEOK Texas Field Services, L.P.
	 	  	ONEOK NGL Marketing, L.P.
	 	  	ONEOK Energy Resources Company
	 	  	ONEOK Texas Resources, Inc.
	 	  	ONEOK Kansas Company
	 	  	ONEOK International, Inc.
	 	  	ONEOK Leasing Company
	 	  	ONEOK Parking Company
	 	  	ONEOK Services Company
	 	  	ONEOK Technology Company
	 	  	Kansas Gas Service Company
	 	  	Oasis Acquisition Corporation
	 	  	ONEOK Propane Company
	 	  	Mercado Gas Services Inc.
	 	  	ONEOK Transmission Company
	 	  	TGS Rio, L.L.C.
	 	  	ONEOK Energy Resources Holdings, Inc.
	 	  	ONEOK Texas Energy Holdings, L.L.C.
	 	  	ONEOK Texas Energy Resources, L.P.
	 	  	ONEOK Energy Services Canada, Ltd.

  

 Schedule 5.13 – Page 1 

			
	 Part (b).
	  	 Other Equity Investments.

		
	 	  	Fox Plant, L.L.C. (50%)
	 	  	Potato Hills Gas Gathering System (joint venture) (50%)
	            Sycamore Gas System (general partnership) (48.445%)

  

 Schedule 5.13 – Page 2 

 SCHEDULE 10.02 
  
 ADMINISTRATIVE AGENT’S OFFICE; 
 CERTAIN ADDRESSES FOR NOTICES 
 BORROWER: 
  
 ONEOK, Inc. 
 100 West Fifth Street 

Tulsa, Oklahoma 74102-0871 

	Attn:	     James C. Kneale 

      Executive Vice President-Finance and 
      Administration, and Chief
Financial Officer 
 Phone:  (918) 588-7912 
 Fax:      (918) 588-7971 
 Electronic Mail: jkneale@oneok.com 
 Website: http://www.oneok.com/ 
  
 ADMINISTRATIVE AGENT: 
  
 Administrative
Agent’s Office 
 (for payments and Requests for Credit Extensions): 
  
 Bank of America, N. A., as Administrative Agent 
 Bank of America Plaza 
 901 Main Street 
 Mail Code:
TX1-492-14-12 
 Dallas, TX 75202-3714 

	Attn:	    Jacqueline Archuleta 

 Phone: (214) 209-2135

 Fax:     (214) 290-8372 
 Electronic
Mail: jacqueline.archuleta@bankofamerica.com 
  
 Wiring Instructions

 Bank of America, N.A. 
 Dallas, Texas 
 ABA#: 111000012 
 Account No.: 1292000883 
 Account Name: Corporate Loans 
 Reference: ONEOK, Inc. 
  

 Schedule 10.02 – Page 1 

 With a copy to: 
  
 Bank of America, N.A. 
 100 N. Tryon Street 
 NC1-007-13-13 
 Charlotte, NC 28255 

	Attn:	     Michelle A. Schoenfeld 

      Principal 
 Phone:  (704) 386-1432 
 Fax:      (704) 386-1319 
 Electronic Mail: michelle.a.schoenfeld@bankofamerica.com

  
 Other Notices as Administrative Agent: 
  
 Bank of America, N.A. 
 Agency Management - East 
 101 North Tryon Street, 15th Floor 
 NC1-001-15-02 
 Charlotte, NC 28255 

	Attn:	     Kim Williams 

      Agency Services Officer 
 Phone:  (704) 387-5448 
 Fax:      (704) 409-0650 
 Electronic Mail: kim.williams@bankofamerica.com 
  
 and to: 
  
 Bank of America, N.A. 
 100 N. Tryon Street

 NC1-007-13-13 
 Charlotte, NC 28255 

	Attn:	     Michelle A. Schoenfeld 

      Principal 
 Phone:  (704) 386-1432 
 Fax:      (704) 386-1319 
 Electronic Mail: michelle.a.schoenfeld@bankofamerica.com 

 
 L/C ISSUER – BANK OF AMERICA, N.A.: 
  
 Bank of America, N.A. 
 Trade Operations-Los Angeles #22621 
 333 S. Beaudry Avenue, 19th Floor 
 Mail Code: CA9-703-19-23 
 Los Angeles, CA 90017-1466 

	Attn:	    Sandra Leon 

     Vice President 
 Phone:  (213) 345-5231 
 Fax:      (213) 345-6694 
 Electronic Mail: Sandra.Leon@bankofamerica.com 
  

 Schedule 10.02 – Page 2 

 L/C ISSUER – CITIBANK, N.A.: 
  
 Citibank, N.A. 
 388 Greenwich Street,
21st Floor 
 New York,
NY 10013 

	Attn:	    Sarah Terner 

 Phone:  (212) 816-8663

 Fax:      (212) 816-8098 
 Electronic Mail: sarah.terner@citigroup.com 
  

 Schedule 10.02 – Page 3 

 EXHIBIT A 
  
 FORM OF LOAN NOTICE 
  
 Date:                     ,
              
  

	To:	Bank of America, N.A., as Administrative Agent 

  
 Ladies and Gentlemen: 
  
 Reference is made to that certain Credit Agreement, dated as of September 17, 2004 (as amended, restated, extended, supplemented or otherwise modified in
writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among ONEOK, Inc., an Oklahoma corporation (the “Borrower”), the Lenders from time to time party thereto,
Bank of America, N.A., as Administrative Agent and L/C Issuer, and Citibank, N.A., as L/C Issuer. 
  

	1.	The undersigned hereby requests (select one): 

  

			
	  ̈   A Borrowing of Loans
	 	  ̈   A conversion or continuation of
Loans

  

	 	a.	On
                                        
                                        
             (a Business Day). 

  

	 	b.	In the amount of
$                                        
                    . 

  

	 	c.	Comprised of
                                       
                             . 

                 [Type of Loan requested] 
  

	 	d.	For Eurodollar Rate Loans: with an Interest Period of      months. 

  

	2.	If this is a request for a Borrowing, check one box: 

  

	 	 ̈	The Borrower represents and warrants that the requested Borrowing is a Commercial Paper Borrowing. 

  

	 	 ̈	The requested Borrowing is not a Commercial Paper Borrowing. 

  

	3.	If the requested Borrowing is a Commercial Paper Borrowing, check one box: 

  

	 	 ̈	The representation and warranty contained in Section 5.05(c)(i) is true and correct on and as of the date hereof, and will be true and correct on and as of the date that the
proceeds of the requested Loans are disbursed. 

  

	 	 ̈	The representation and warranty contained in Section 5.05(c)(i) is true and correct on and as of the date hereof, and will be true and correct on and as of the date that the
proceeds of the requested Loans are disbursed, except as follows: 

  

			
	 	  	  

	 	  	  

	 	  	  

	 	  	  

  

 A - 1 
 Form of Loan Notice 

	4.	If the requested Borrowing is a Commercial Paper Borrowing, check one box: 

  

	 	 ̈	The representation and warranty contained in Section 5.06 is true and correct on and as of the date hereof, and will be true and correct on and as of the date that the
proceeds of the requested Loans are disbursed. 

  

	 	 ̈	The representation and warranty contained in Section 5.06 is true and correct on and as of the date hereof, and will be true and correct on and as of the date that the
proceeds of the requested Loans are disbursed, except as follows: 

  

			
	 	  	  

	 	  	  

	 	  	  

	 	  	  

  

	5.	For all Borrowings: The Borrowing requested herein complies with the proviso to the first sentence of Section 2.01 of the Agreement. 

  

			
	ONEOK, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 A - 2 
 Form of Loan Notice 

 EXHIBIT B 
  
 FORM OF NOTE 
  

			
	 	 	                                      
             

  
 FOR VALUE
RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to
                                        
or registered assigns (the “Lender”), in accordance with the provisions of the Agreement (as hereinafter defined), the principal amount of each Loan from time to time made by the Lender to the Borrower under that certain Credit
Agreement, dated as of September 17, 2004 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among the
Borrower, the Lenders from time to time party thereto, Bank of America, N.A., as Administrative Agent and L/C Issuer, and Citibank, N.A., as L/C Issuer. 
  
 The Borrower promises to pay interest on the unpaid principal amount of each Loan from the date of such Loan until such principal amount is paid in full,
at such interest rates and at such times as provided in the Agreement. All payments of principal and interest shall be made to the Administrative Agent for the account of the Lender in Dollars in immediately available funds at the Administrative
Agent’s Office. If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date thereof until the date of actual payment (and before as well as after judgment) computed at
the per annum rate set forth in the Agreement. 
  
 This Note is
one of the Notes referred to in the Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and conditions provided therein. Upon the occurrence and continuation of one or more of the Events of
Default specified in the Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable all as provided in the Agreement. Loans made by the Lender shall be evidenced by one or more loan
accounts or records maintained by the Lender in the ordinary course of business. The Lender may also attach schedules to this Note and endorse thereon the date, amount and maturity of its Loans and payments with respect thereto. 
  
 This Note is a Loan Document and is subject to Section 10.09 of the
Agreement, which is incorporated herein by reference the same as if set forth herein verbatim. 
  
 The Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Note. 
  

 B - 1 
 Form of Note 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

  

			
	ONEOK, Inc.
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

 B - 2 
 Form of Note 

 LOANS AND PAYMENTS WITH RESPECT THERETO 
  

													
	 Date

	 	 Type of Loan
 Made

	 	 Amount of
 Loan Made

	  	End of
Interest
Period

	  	Amount of
Principal or
Interest Paid
This Date

	  	Outstanding
Principal
Balance This
Date

	  	Notation
Made By

  

 B - 3 
 Form of Note 

 EXHIBIT C 
  
 FORM OF COMPLIANCE CERTIFICATE 
  
 Financial Statement Date:
                    ,              
  

	To:	Bank of America, N.A., as Administrative Agent 

  
 Ladies and Gentlemen: 
  
 Reference is made to that certain Credit Agreement, dated as of September 17, 2004 (as amended, restated, extended, supplemented or otherwise modified in
writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among ONEOK, Inc., an Oklahoma corporation (the “Borrower”), the Lenders from time to time party thereto,
Bank of America, N.A., as Administrative Agent and L/C Issuer, and Citibank, N.A., as L/C Issuer. 
  
 The undersigned Responsible Officer hereby certifies as of the date hereof that he/she is the
                                        
                 of the Borrower, and that, as such, he/she is authorized to execute and deliver this Certificate to the Administrative Agent on the behalf of the
Borrower, and that: 
  
 [Use following paragraph 1 for fiscal
year-end financial statements] 
  
 1. (a) The year-end audited financial statements required by Section 6.01(a) of the Agreement for the fiscal year of the Borrower ended as of the above date, together with the report and opinion of an independent certified public
accountant required by such section, and (b) [refer to accompanying financial statements for the MLP Unrestricted Subsidiaries for the year ended as of the above date] 
  
 [select one:] 
  
 [are attached hereto as Schedule 1] 
  
 —or— 
  
 [are available in electronic format and have been delivered pursuant to Section 6.02 of the Agreement]. 
  
 [Use following paragraph 1 for fiscal
quarter-end financial statements] 
  
 1. (a) The unaudited financial statements required by Section 6.01(b) of the Agreement for the fiscal quarter of the Borrower ended as of the above date, and (b) [refer to accompanying financial statements of
the MLP Unrestricted Subsidiaries for the quarter ended as of the above date] 
  
 [select one:] 
  
 [are attached
hereto as Schedule 1] 
  
 —or— 
  
 [are available in electronic format and have been delivered pursuant to
Section 6.02 of the Agreement]. 
  
 The financial
statements described in 1(a) above fairly present the financial condition, results of operations and cash flows of the Borrower and its Subsidiaries in accordance with GAAP as at such date and for such period, subject only to normal year-end audit
adjustments and the absence of footnotes. 
  

 C - 1 
 Form of Compliance Certificate 

 2. The undersigned has reviewed and is familiar with the terms of the Agreement and has made, or has
caused to be made under his/her supervision, a detailed review of the transactions and condition (financial or otherwise) of the Borrower during the accounting period covered by the attached financial statements. 
  
 3. A review of the activities of the Borrower during such fiscal period has
been made under the supervision of the undersigned with a view to determining whether during such fiscal period the Borrower performed and observed all its Obligations under the Loan Documents, and 
  
 [select one:] 
  
 [to the best knowledge of the undersigned during such fiscal period, the Borrower performed and observed each covenant and
condition of the Loan Documents applicable to it.] 
  
 —or— 
  
 [the following covenants or conditions
have not been performed or observed and the following is a list of each such Default and its nature and status:] 
  
 4. Since the date of the Audited Financial Statements (a) there has been no event or circumstance, either individually or in the aggregate, that could
reasonably be expected to have a Material Adverse Effect [except: (describe exception, if any], and (b) there has been no event or circumstance, either individually or in the aggregate, that has had a Material Adverse Effect. 
  
 5. The representations and warranties of the Borrower contained in Article
V of the Agreement, or which are contained in any document furnished at any time under or in connection with the Loan Documents, are true and correct on and as of the date hereof, except (a) that to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, (b) for purposes of this Compliance Certificate, the representations and warranties contained in subsections (a) and (b) of Section
5.05 of the Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of the Agreement, including the statements in connection with which this Compliance
Certificate is delivered, [and] (c) the representations and warranties contained in Section 5.05(c) of the Agreement are made as of the date hereof to the extent set forth in paragraph 4 of this Compliance Certificate [and (d) (describe other
exceptions, if any)]. 
  
 6. The financial covenant analyses and
information set forth on Schedule 2 attached hereto are true and accurate on and as of the date of this Certificate. 
  
 IN WITNESS WHEREOF, the undersigned has executed this Certificate as of
                    ,
                     
  

			
	ONEOK, Inc.
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

 C - 2 
 Form of Compliance Certificate 

                                  (“Statement Date”)

  
 SCHEDULE 2  
 to the Compliance Certificate 
 ($ in
000’s) 
  
 Section 7.08 – Debt to Capital. 
  

														
	 	 	 A.
	 	Consolidated Total Indebtedness at Statement Date (sum of Lines A.1. through A.8.):	  	$	                    
					
	 	 	 	 	 1.
	  	the outstanding principal amount of all obligations for borrowed money and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar
instruments	  	$	                    
	 	 	 	 	 	  	a.	 	Less: 75% of the principal amount of Pledged Notes and Convertibles, not to exceed 10% of Total Capital (this amount is the “Qualifying Amount of Pledged Notes and
Convertibles”)	  	-$	                    
	 	 	 	 	 	  	 	 	(i)	 	indicate outstanding principal amount of Pledged Notes:
$                    	  	 	 
	 	 	 	 	 	  	 	 	(ii)	 	indicate outstanding principal amount of Convertibles*:
$                    	  	 	 
	 	 	 	 	 	  	 	 	(iii)	 	10% of Total Capital equals $                    	  	 	 
	 	 	 	 	 	  	 b.      
	 	Less: 75% of the principal amount of Subordinated Securities*, not to exceed an amount equal to (x) 15% of Total Capital minus (y) the Qualifying Amount of Pledged Notes and
Convertibles (taken from line A.1.a. above)	  	-$	                    
	 	 	 	 	 	  	 	 	(i)	 	indicate outstanding principal amount of Subordinated
Securities:$                    	  	 	 
	 	 	 	 	 	  	
 *  Note: If there
are any Convertibles or Subordinated Securities, attach a separate schedule showing for each, the date of issuance and outstanding principal amount.
	  	 	 
	 	 	 	 	 2.
	  	direct or contingent obligations arising under letters of credit, bankers’ acceptances, bank guaranties, surety bonds and similar instruments	  	$	                    
	 	 	 	 	 3.
	  	obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business)	  	$	                    
	 	 	 	 	 4.
	  	Swap Termination Value under any Swap Contract (excluding commodity swap transaction, commodity options, forward commodity contracts, commodity cap transactions, commodity floor
transactions, commodity collar transactions, and commodity spot contracts)	  	$	                    
	 	 	 	 	 5.
	  	indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or
other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse	  	$	                    

  

 C - 3 
 Form of Compliance Certificate 

											
	 	 	 	  	6.	  	Attributable Indebtedness in respect of capital leases and Synthetic Lease Obligations	  	$                    
	 	 	 	  	7.	  	Off-Balance Sheet Liabilities (other than those listed in Line A.6.)	  	$                    
	 	 	 	  	8.	  	without duplication, all Guarantees with respect to outstanding Indebtedness of the types specified in Lines A.1. through A.7. above of Persons other than the Borrower or any
Restricted Subsidiary	  	$                    
				
	 	 	B.	  	Consolidated Net Worth at Statement Date:	  	 
	 	 	 	  	(sum of Lines B.1. through B.2.):	  	$                    
	 	 	 	  	1.	  	Consolidated Net Worth at Statement Date on the	  	 
	 	 	 	  	 	  	Balance Sheet	  	$                    
	 	 	 	  	2.	  	Plus the sum of (a) the “Qualifying Amount of Pledged Notes and Convertibles” (taken from line A.1.a. above) plus (b) the “Qualifying Amount of Subordinated
Securities” (taken from line A.1.b. above):	  	$                    
				
	 	 	C.	  	Total Capital at Statement Date:
(Lines A + B)	  	$                    
				
	 	 	D.	  	Debt to Capital at Statement Date:
(Line A ÷ Line C) (cannot exceed 0.675)	  	$                    
		
	Section 7.09 – Investment in Unrestricted MLP Subsidiaries.	  	 
				
	 	 	A.	  	Aggregate Net Amount invested in Unrestricted MLP Subsidiaries (Line 6):	  	 
						
	 	 	 	  	1.	  	 	  	Aggregate cash consideration paid since the Closing Date for purchase of equity interests in Unrestricted MLP Subsidiaries:	  	$                    
	 	 	 	  	2.	  	 	  	Aggregate fair market value (“FMV”) of assets transferred to Unrestricted MLP Subsidiaries since the Closing Date (FMV determined as of date of transfer):	  	$                    
	 	 	 	  	3.	  	 	  	Total (Line 1 plus Line 2):	  	$                    
	 	 	 	  	4.	  	 	  	Less cash distributions received since the Closing Date:	  	-$                    
	 	 	 	  	5.	  	 	  	Less cash received for sales of equity interests in Unrestricted MLP Subsidiaries:	  	-$                    
	 	 	 	  	6.	  	 	  	Aggregate Net Amount invested in Unrestricted MLP Subsidiaries (Line 3 minus the sum of Line 4 and Line 5):	  	$                    
				
	 	 	B.	  	Consolidated total assets of the Borrower and its Restricted Subsidiaries at Statement
Date: 	  	$                    
				
	 	 	C.	  	Twenty percent (20%) of Line B:	  	$                    
				
	 	 	D.	  	Is the amount in Line A.6 equal to or less than Line C?:             Yes
            No	  	 

  

 C - 4 
 Form of Compliance Certificate 

 EXHIBIT D 
  
 ASSIGNMENT AND ASSUMPTION 
  
 This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into
by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the
Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and
incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
  
 For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes
from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and
obligations as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of
the Assignor (including, without limitation, Letters of Credit) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any
Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the
foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights
and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as, the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly
provided in this Assignment and Assumption, without representation or warranty by the Assignor. 
  

					
		
	1.	  	 Assignor:
                                        
                    

		
	2.	  	 Assignee:
                                        
                     [and is an
             Affiliate/Approved Fund of [identify Lender]1]

			
	3.	  	 Borrower:
	  	ONEOK, Inc.
			
	4.	  	 Administrative Agent:
	  	Bank of America, N.A. as the administrative agent under the Credit Agreement
			
	5.	  	 Credit Agreement:
	  	The Credit Agreement, dated as of September 17, 2004 among ONEOK, Inc., the Lenders parties thereto, and Bank of America, N.A., as Administrative Agent and L/C Issuer, and Citibank, N.A., as
L/C Issuer

	1	Select as applicable. 

  

 D - 1 
 Form of Assignment and Assumption 

 6. Assigned Interest: 
  

									
	 Aggregate
 Amount of
 Commitment/Loans
 for all Lenders

	  	 Amount of
 Commitment/Loans
 Assigned

	  	 Percentage
 Assigned of
 Commitment/Loans2

	 	 	CUSIP Number

	 $                            
	  	$	                            	  	                            	%	 	 
	 $                            
	  	$	                            	  	                            	%	 	 
	 $                            
	  	$	                            	  	                            	%	 	 

  
 [7. Trade Date:
                        ]3 
  
 Effective
Date:                     , 20     [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF
RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
  
 The terms
set forth in this Assignment and Assumption are hereby agreed to: 
  

			
	 ASSIGNOR

	
	 [NAME OF ASSIGNOR]

		
	 By:
	 	  

	 Title:
	 	 
	
	 ASSIGNEE

	
	 [NAME OF ASSIGNEE]

		
	 By:
	 	  

	 Title:
	 	 

	2	Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

	3	To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date. 

  

 D - 2 
 Form of Assignment and Assumption 

 [Consented to and]4 Accepted: 
  

			
	 BANK OF AMERICA, N.A., as

	   L/C Issuer and Administrative Agent

		
	 By:
	 	  

	 Title:
	 	 
	
	 [Consented to:]4

	
	 CITIBANK, N.A., as L/C Issuer

		
	 By:
	 	  

	 Title:
	 	 
	
	 [Consented to:]4

	
	 BORROWER

		
	 By:
	 	  

	 Title:
	 	 

	4	To be added if consent is required under the Credit Agreement. 

  

 D - 3 
 Form of Assignment and Assumption 

 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 
  
 STANDARD TERMS AND CONDITIONS FOR 
  
 ASSIGNMENT AND ASSUMPTION 
  
 1. Representations and Warranties. 
  
 1.1. Assignor. The Assignor (a) represents and warrants that (i) it
is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or
any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or
Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.

  
 1.2. Assignee. The Assignee (a) represents and warrants
that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it
meets all requirements of an Eligible Assignee under the Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements
delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned
Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (v) if it is a Foreign Lender, attached hereto is any documentation required to be
delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based
on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the
obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 
  
 2. Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including
payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. 
  
 3. General Provisions. This Assignment and Assumption shall be binding
upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed
counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in
accordance with, the law of the State of New York. 
  

 D - 4 
 Form of Assignment and Assumption 

 EXHIBIT E 
  
 FORM OF OPINION OF GABLE & GOTWALS 
  
 September 17, 2004 
  

	To:	Each of the Lenders parties to the Credit Agreement, and Bank of America, N.A., as Administrative Agent and as a Lender and L/C Issuer, and Citibank, N.A., as a Lender and 4C Issuer

  
 Ladies and Gentlemen: 
  
 We have acted as counsel to ONEOK, Inc., an Oklahoma corporation (the
“Company”), in connection with the Credit Agreement, dated as of September 17, 2003, (the “Credit Agreement”) among the Company, Bank of America, N.A., as Administrative Agent (the
“Administrative Agent”), and as a Lender and Letter of Credit Issuing Lender, and the financial institutions who are parties thereto. This opinion is being given to you pursuant to Section 4.01(a)(v) of
the Credit Agreement. Capitalized terms used herein but not defined herein shall have the respective meanings set forth in the Credit Agreement. 
  
 In connection with this opinion, we have examined the following documents: 
  
 a. An executed copy of the Credit Agreement; 
  
 b. The Certificate of Incorporation of the Company, and all amendments thereto (the
“Company’s Charter”); 
  
 c. The by-laws of the Company and all amendments thereto (the “Company’s Bylaws”); and 
  
 d. The other documents furnished by or on behalf of the Company pursuant to Section 4.01 of the Credit Agreement. 
  
 We have also examined originals or copies, certified or otherwise identified
to our satisfaction, of such corporate records, agreements and other instruments, and of certificates of comparable documents of public officials and of officers and representatives of the Company as we have deemed relevant and necessary as the
basis for the opinions hereinafter set forth. In our examination of the documents referred to above, we have assumed the due authorization, execution and delivery of each document referred to above by all parties thereto other than the Company, the
authenticity of all documents submitted to us as original documents, and the conformity to original documents of all documents submitted to us as copies thereof. 
  
 Based upon the foregoing and upon such investigation as we have deemed necessary, we are of the opinion that: 
  

	1.	The Company and each of its Significant Subsidiaries is a corporation, general partnership, limited liability company or limited partnership duly organized or formed, validly
existing and in good standing under the Laws of the jurisdiction of its incorporation or organization. “Significant Subsidiaries” as used herein shall have the meaning assigned such term in Rule 1-02(w) of Regulation S-X (17 CFR
§210.1-02). 

  

 E - 1 
 Form of Opinion of Gable and Gotwals 

	2.	The Company and each of its Subsidiaries: (a) has all requisite power and authority and, to the best of our knowledge, all requisite governmental licenses, authorizations, consents
and approvals to (i) own its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, (b) is, to the best of our knowledge, duly qualified and is licensed and in good
standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license, and (c) is in material compliance with all material Requirements of Law to the
extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 

  

	3.	The execution, delivery and performance by the Company of the Credit Agreement and the other Loan Documents have been duly authorized by all necessary corporate action and do not
and will not: (a) contravene the terms of the Company’s Charter, the Company’s Bylaws or other organization documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, (i) any material
Contractual Obligation to which the Company is a party, including any existing credit agreements, trust indentures and other financing arrangements, or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to
which the Company or its property is subject; or (c) violate any material Requirement of Law. The Credit Agreement and the other Loan Documents has been duly executed and delivered by the Company. 

  

	4.	No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority is necessary or required in connection with the
execution, delivery, performance or enforcement against the Company of the Credit Agreement or any other Loan Document or any other instrument or agreement required hereto to be made by the Company, or any Extension of Credit thereunder, other than
the filing of the Credit Agreement with the Securities and Exchange Commission as a material agreement. 

  

	5.	As long as the interest charged under the Credit Agreement and Notes does not exceed 45% per annum calculated according to the actuarial method, the Extensions of Credit, as
evidenced by the Credit Agreement and the other Loan Documents, are not usurious under applicable usury laws of the State of Oklahoma. 

  

	6.	We believe that the choice of law provision set forth in the Credit Agreement and the other Loan Documents wherein the parties agree that the laws of the State of New York shall
govern and control the terms of the Credit Agreement and the other Loan Documents (except as otherwise specifically provided therein) should be the enforceable choice of law under the laws of the State of Oklahoma except to the extent that this
choice of law would conflict with the public policy of the State of Oklahoma. You should be aware that this opinion is limited by the fact that no Oklahoma case since statehood has considered this direct issue and a contrary decision could be
entered by an Oklahoma Court. In reaching the foregoing opinion, we have assumed, with your permission, that Citibank, N.A. and one or more of the other Lenders (or, in the case of a foreign Lender, the U.S. Branch through which it executes the
Credit Agreement) have their principal place of business in New York. 

  

	7.	To the best of our knowledge, there are no actions, suits, proceedings, claims or disputes pending, threatened or contemplated at law, in equity, in arbitration or before any
Governmental Authority, against the Company, or its Subsidiaries or any of their respective properties (“Claims”) which purport to affect or pertain to the Credit Agreement, or any of the transactions contemplated thereby;
and, to the best of our knowledge, there are no material Claims, other than those disclosed in the Company’s public filings made pursuant to Sections 13, 14, or 15(d) of the Securities Exchange Act of 1934 prior to the date of this opinion,
which, if determined adversely 

  

 E - 2 
 Form of Opinion of Gable and Gotwals 

 to the Company, or its Subsidiaries, could reasonably be expected to have a Material Adverse Effect. To
the best of our knowledge, no injunction, writ, temporary restraining order or any order of any nature has been issued by any court or other Governmental Authority purporting to enjoin or restrain the execution, delivery and performance of the
Credit Agreement, or directing that the transactions provided for herein or therein not be consummated as herein or therein provided. 
  

	8.	To our knowledge, neither the Company nor any of its Subsidiaries is a party to or bound by any Contractual Obligation that has been breached which could reasonably be expected to
have a Material Adverse Effect on the Company. In addition, to our knowledge, neither the Company nor any of its subsidiaries are subject to any charter or corporate resolution or any Requirement of Law that has been breached which could reasonably
be expected to have a Material Adverse Effect on the Company. 

  

	9.	To the best of our knowledge, the Company and each of its Subsidiaries has obtained all material licenses, permits, authorizations and registrations required under any Environmental
Law (“Environmental Permits”) where failure to do so would have a Material Adverse Effect, and all such Environmental Permits are in good standing, and the Company and each of its Subsidiaries is in material compliance with all terms and
conditions of such Environmental Permits. 

  

	10.	Neither the Company, any Person controlling the Company, nor any Subsidiaries of the Company, is (a) an “Investment Company” within the meaning of the Investment Company
Act of 1940; or (b) subject to regulation under the Public Utility Holding Company Act of 1935, the Federal Power Act, the Interstate Commerce Act, any state public utilities code or any other Federal or state statute or regulation limiting its
ability to incur Indebtedness. 

  

	11.	The consummation of the transaction contemplated by the Credit Agreement and the other Loan Documents, and the Extending of Credit thereunder, will not violate Regulations U or X of
the Federal Reserve Board. 

  
 The foregoing
opinions are subject to the following qualification: 
  
 The
qualification of any opinion herein by the use of the words “to the best of our knowledge” means that during the course of representation as described in this opinion letter, no information has come to the attention of the attorneys in
this firm involved in the transaction described in or contemplated by the Credit Agreement which would give such attorneys current actual knowledge of the existence of the matters so qualified. Except as specifically noted in this opinion, we have
not (i) made any independent review or special investigation concerning any agreements, instruments, encumbrances, orders, judgments, or decrees by which the Company may be specifically bound, or (except with respect to the general application of
Oklahoma laws, rules and regulations) any laws, rules or other regulations by which the Company may be bound; (ii) made any independent investigation as to the existence of any litigation, tax claims, actions, suits, investigations or disputes, if
any, pending or threatened against the Company; or (iii) made any other independent investigation of factual matters. 
  
 Our opinions expressed above are limited to the current status of the laws of the State of Oklahoma and the Federal laws of the United States of America,
except that for purposes of our opinion in paragraph 3, the term “Governmental Authority” includes Governmental Authorities under the United States federal laws and Governmental Authorities in the states of Texas, Kansas, and Oklahoma, and
we undertake no responsibility to update or supplement this opinion in response to subsequent changes in the law or future events affecting the transactions contemplated by the Credit Agreement and Loan Documents. This opinion is not to be used,
circulated, relied upon or referred to in connection with any 
  

 E - 3 
 Form of Opinion of Gable and Gotwals 

 transaction other than the transaction evidenced by the Credit Agreement and Loan Documents or by any persons not
expressly mentioned herein. We acknowledge that the Administrative Agent and the Lenders are relying on the opinions expressed herein in agreeing to enter into the Credit Agreement and to extend credit under the terms of the Credit Agreement and the
other Loan Documents. We hereby consent to reliance by the Administrative Agent and the Lenders, now or hereafter parties to the Credit Agreement on the opinions expressed herein. 
  

					
	 	 	 	 	 Very truly yours,

			
	 	 	 	 	 GABLE & GOTWALS

			
	 cc:
	 	 John Gaberino, Senior Vice President,
	 	 
	 	 	 General Counsel, Chief Legal Officer
	 	 
	 	 	 and Assistant Secretary
	 	 
			
	 	 	 James C. Kneale, Executive Vice President-Finance
	 	 
	 	 	 and Administration, and Chief Financial Officer
	 	 

  

 E - 4 
 Form of Opinion of Gable and Gotwals 

 EXHIBIT F 
  
 FORM OF OPINION OF 
 LOCKE LIDDELL & SAPP LLP 
  
 September 17, 2004

  
 Bank of America, N.A., as Administrative Agent 
 901 Main Street 
 Dallas, Texas 75202-3714, 
  
 and the Lenders referenced below 
  
 Ladies and Gentlemen: 
  
 We have acted as special counsel to ONEOK, Inc. (the “Company”) in connection with the Credit Agreement
(the “Credit Agreement”) of even date herewith among the financial institutions (collectively, the “Lenders”) party thereto; the Company; Citibank, N.A., as L/C Issuer, and Bank of America, N.A., as Administrative
Agent (in such capacity, the “Administrative Agent”) for the Lenders and as L/C Issuer. In such capacity we have reviewed originals, or copies certified or otherwise identified to our satisfaction, of only the Credit Agreement.

  
 We are rendering this opinion to you pursuant to Section
4.01(a)(vi) of the Credit Agreement. 
  
 We advise you that, while
we represent the Company on a number of matters, there may be many matters of a legal nature concerning the Company about which we have not been consulted and concerning which we have no knowledge. 
  
 Assumptions 
  
 We have assumed, with your approval, that (a) each of the parties
(collectively, the “Parties”) to the Credit Agreement (1) is an entity duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and (2) has the power, authority and all necessary
governmental licenses, authorizations, consents and approvals to execute, deliver and perform is obligations under the Credit Agreement; (b) the execution, delivery and performance by each Party of the Credit Agreement (1) have been duly authorized
by all necessary action on the part of such Party and (2) do not and will not (A) contravene the terms of its charter, bylaws or other organizational documents or (B) violate any law (statutory or common), treaty, rule or regulation or determination
of an arbitrator or of a governmental authority applicable to such Party; (c) the Parties have duly executed and delivered the Credit Agreement, for value received; (d) the Credit Agreement is the valid and binding obligation of each Party other
than the Company (each such Party, an “Other Party”), enforceable against such Other Party in accordance with its terms; (e) the representations and warranties made in the Credit Agreement with respect to all factual matters are
true and complete in all respects; (f) each of the Other Parties and their respective agents have acted in good faith; (g) each of the Other Parties has complied with all legal requirements pertaining to its status as such status relates to its
rights to enforce the Credit Agreement against the Company, and (h) no registration, consent, approval, license or authorization by, or notice to or filing with any person or governmental authority is required in connection with the execution,
delivery or performance of the Credit Agreement by any Other Party. 
  

 F - 1 
 Form of Opinion of Locke Liddell & Sapp LLP 

 Additionally, we have assumed the genuineness of all signatures, the legal capacity of natural persons,
the authenticity of all documents submitted to us as originals, the conformity to authentic original documents of all documents submitted to us as copies or facsimiles and the authenticity of the originals of such latter documents. 
  
 We have further assumed that (1) no Other Party has made or will make any
distribution of any rights under the Credit Agreement which would violate federal or state securities laws; (2) all terms, provisions and conditions of, or relating to, the transactions contemplated by the Credit Agreement are correctly and
completely embodied therein; (3) there is no usage of trade or course of prior dealing that would, in either case, define, supplement or qualify the terms of the Credit Agreement; (4) the constitutionality or validity of a relevant statute, rule,
regulation or agency action is not an issue unless a reported decision in a jurisdiction within the scope of this opinion has specifically addressed but not resolved, or has established, its unconstitutionality or invalidity; (5) the Company will
obtain all permits and governmental approvals required in the future, and take all actions similarly required, relevant to subsequent consummation of the transaction or performance of the Credit Agreement; (6) the Parties will act in accordance
with, and will refrain from taking any action that is forbidden by, the terms and conditions of the Credit Agreement; (7) there has not been any mutual mistake of fact, misunderstanding, fraud, duress or undue influence; (8) each of the Other
Parties has acted without notice of any defense against the enforcement of any right created by the Credit Agreement, and (9) all remedies under the Credit Agreement will be exercised in a commercially reasonable manner and without breach of the
peace. 
  
 Opinion 
  
 Based on the foregoing, and having due regard for such legal considerations
as we deem relevant, and subject to the limitations, qualifications and exceptions set forth herein, we are of the opinion that the Credit Agreement constitutes, under the internal laws of the State of New York, the legal, valid and binding
obligation of the Company, enforceable against the Company in accordance with its terms. 
  
 Qualifications and Exceptions 
  
 This opinion is subject to and qualified in all respects by the following: 
  
 The validity and enforceability of the Credit Agreement may be limited by (a) bankruptcy (including but not limited to preference, fraudulent conveyance and fraudulent transfer provisions), insolvency, reorganization,
rearrangement, moratorium, liquidation and other similar laws (including court decisions) now or hereafter in effect and affecting the rights of creditors generally; (b) general principles of equity (regardless of whether such validity and
enforceability is considered in a proceeding in equity or at law), and (c) by judicial discretion. 
  
 We express no opinion as to whether a court would grant specific performance or any other equitable remedy with respect to the Credit Agreement or any
particular remedy under the Credit Agreement as opposed to any other remedy available under the Credit Agreement, at law or in equity. 
  
 We express no opinion as to any of the following: 
  

	 	(1)	The validity or enforceability of provisions which relate to self-help, or which purport to (a) restrict transfer of title to (or further liens on) property; (b) restrict access to
or waive legal or equitable remedies or access to courts, including but not limited to the waiver of the right to trial by jury; (c) affect or confer jurisdiction or venue; (d) waive any rights to notices; (e) establish penalties, or (f) permit the
Administrative Agent or any Lender to act in its sole discretion or to be exculpated from liability for its actions to the extent not permitted by law. 

  

 F - 2 
 Form of Opinion of Locke Liddell & Sapp LLP 

	 	(2)	The validity or enforceability of provisions relating to delay or omission of enforcement of rights or remedies, election of remedies, waiver of defenses or causes of action, waiver
of obligations of good faith, fair dealing, diligence and reasonableness, ratification of future acts, survival or severability. 

  

	 	(3)	The validity or enforceability of usury savings clauses or whether the fees, charges and interest paid and contracted to be paid pursuant to the Credit Agreement constitute or may
constitute usury. 

  

	 	(4)	The validity or enforceability of any indemnification provision contained in the Credit Agreement, to the extent that public policy considerations limit the enforceability of any
such provision which purports or is construed to provide indemnification with respect to securities law violations. 

  

	 	(5)	The effect on the opinions herein stated of (a) the compliance or non-compliance of any Other Party with any law, rule or regulation applicable to it or (b) the legal or
regulatory status or the nature of the business of any Other Party. 

  

	 	(6)	The validity or enforceability of provisions which purport to vary any rights or duties under the New York Uniform Commercial Code (the “New York UCC”)
except to the extent any such variance is expressly authorized by the New York UCC. 

  

	 	(7)	The right of any Other Party to set-off against funds held in any account maintained with such Other Party by the Company and which account is designated, or contains funds
that such Other Party is aware have been set aside, for special purposes, such as payroll, trust and escrow accounts, or which funds are subject to special agreement between such Other Party and the Company precluding or limiting rights to set-off
funds. 

  

	 	(8)	Laws, regulations and policies concerning national and local emergency, possible judicial deference to acts of sovereign states, and civil and criminal forfeiture laws.

  
 The opinions set forth above relate only to
laws, rules and regulations which in our experience are normally directly applicable to the Company and transactions of the type provided for in the Credit Agreement, excluding any law, rule or regulation relating to (a) pollution or protection of
the environment; (b) zoning, land use, building or construction; (c) labor, employee rights and benefits and occupational safety and health; (d) utility regulation; (e) tax, litigation and other filings in the ordinary course of business, and (f)
taxation. 
  
 We express no opinion as to any law, rule,
regulation, ordinance, code or similar provision of law of any county, town, municipality, or similar political subdivision or any agency or instrumentality thereof (such as, for example, districts and authorities). 
  
 Our opinion as to validity and enforceability of the Credit Agreement is
subject to the qualification that certain provisions of the Credit Agreement are or may be unenforceable in whole or in part under the laws of the State of New York, but the inclusion of such provisions does not affect the validity of the Credit
Agreement taken as a whole, and the Credit Agreement taken as a whole, together with applicable law, contains adequate provisions for its enforcement and for the practical realization of the rights and benefits afforded thereby, except for the
economic consequences of any delay occasioned thereby. 
  

 F - 3 
 Form of Opinion of Locke Liddell & Sapp LLP 

 We note that Section 2.03(g) of the Credit Agreement provides that the Company pledges and grants to the
Administrative Agent a security interest in certain cash, deposit accounts and all balances therein and all proceeds thereof. We understand that no such property has been delivered to, or made subject to the control of, the Administrative Agent, and
we express no opinion as to the creation, perfection or priority of any security interest in or lien on such property. 
  
 General Matters 
  
 In rendering this opinion and with your concurrence, we have made no independent investigation as to the accuracy or completeness of any representation,
warranty, data or other information, written or oral, that may have been made by or on behalf of the Parties, and we have assumed in rendering this opinion that none of such information, if any, contains any untrue statement of a material fact or
omits to state a material fact necessary to make the statements made, in light of the circumstance in which they are made, not misleading. In that connection and with your concurrence, we have not made any examination of any technical, accounting or
financial matters, or any matter requiring computation, and express no opinion with respect thereto. 
  
 This opinion is limited in all respects to the laws of the State of New York, in each case as now in effect, which have been published and are generally
available in a format that makes legal research reasonably feasible and we disclaim any responsibility to inform you of any changes. No opinion is expressed as to any matter that may be governed by the laws of any other jurisdiction. 
  
 This opinion is solely for the benefit of and may be relied upon only by the
Other Parties and their respective counsel in connection with the transactions described in the Credit Agreement. This opinion may not be relied upon by any Other Party or its counsel for any other purpose, or by any other entity or individual for
any purpose, in whole or in part, in each case without our express prior written consent. 
  

			
	 Very truly yours,

	 LOCKE LIDDELL & SAPP LLP

		
	 By:
	 	  

	 	 	 Lyman R. Paden, P.C.

  

 F - 4 
 Form of Opinion of Locke Liddell & Sapp LLPLicense and Distribution Agreement dated September 16, 2004

 Exhibit 10.1 
  
 LICENSE & DISTRIBUTION AGREEMENT 
  
 This LICENSE & DISTRIBUTION AGREEMENT (this “Agreement”) is made and entered into as of the 16th day of September, 2004, by and among E MED FUTURE, INC., a corporation organized and existing under the laws of the
State of Nevada, United States of America (“Licensor”) and ITDEVELOPMENT SOLUTIONS, INC. a corporation organized and existing under the laws of the state of Florida (“Licensee”). 
  
 WHEREAS, Licensor is engaged in the development, manufacture and licensing of medical
equipment destruction and waste disposal devices, including a proprietary technology to manufacture a portable medical device that incinerates aluminum, stainless steel, and other metallic hypodermic needles (hereinafter “licensor
technology”), has applied for patents, has developed know-how in connection therewith, has registered the trademark “NeedleZap®” for the medical device in the United States of America (hereinafter “United States”) and other countries (hereinafter “licensor
trademark rights”), and is seeking a licensee to utilize licensor technology outside of the United States (the “product”). 
  
 WHEREAS, Licensor has the right to grant the license rights described herein under Licensor Technology, including the Applications for Letters Patent as listed in
Schedules A and B, attached hereto and made a part of this Agreement, and as amended and updated from time to time (hereinafter “licensor patent rights”), and the right to grant the license rights to use licensor trademark rights, listed
in Exhibit “A”, attached hereto and made a part of this Agreement, and as amended and updated from time to time; and 
  
 WHEREAS, Licensee is in the business of manufacturing and selling various types of consumer products and equipment and desires to obtain a license and right to
manufacture the Product for Licensor for worldwide distribution and to distribute and sell the Product in Pakistan and the United Arabs Emirates (“Licensed Territories”); and 
  
 WHEREAS, Licensor has granted access to certain Licensor Technology, patent and license information, trade secrets, and other
materials to evaluate its Product under a Non Disclosure Agreement; and 
  
 WHEREAS, Licensor desires to grant an exclusive license and right to permit Licensee to manufacture or to contract to have manufactured Licensed Products in the Licensed Territories according to Licensor Technology under Licensor
Patent Rights, to grant licensee the exclusive right to distribute and to sell Licensed Products in the Licensed Territories, and to grant an exclusive license and right to use Licensor Trademark Rights in connection with the distribution and sale
of Licensed Products in the Licensed Territories. 

 NOW, THEREFORE, in consideration of the terms, covenants and conditions contained herein, the parties hereto
mutually agree as follows: 
  

	 	1)	Grant to Manufacture and Distribution Rights. 

  

	 	(a)	Licensor hereby grants to Licensee, and Licensee hereby accepts, for the term of and under the provisions of this Agreement the right and license (i.) to use Licensor Technology
under Licensor Patent Rights in order to manufacture or to contract to manufacture the Product and (ii.) to distribute and sell the Product in the Licensed Territories. Licensee may contract with sublicensees and agents to distribute and sell the
Product within the Licensed Territories. Each sublicensee or agent shall be identified in writing to Licensor by Licensee. Licensee agrees that it will not distribute, manufacture, sell or market either directly or indirectly the Product
outside of the Licensed Territories. 

  

	 	(b)	The license granted hereby may not be transferred or sublicensed by Licensee, except to the extent permit herein, but shall extend to any wholly-owned subsidiaries and divisions of
Licensee. Licensee shall be responsible for the compliance by each such subsidiary and division, sublicense and agent with the terms and provisions of this Agreement, and agrees to report and pay royalties to Licensor in accordance with Section 3
hereof with respect to production of the Product by each such subsidiary or division, sublicense and agent. Any such affiliate shall agree in advance in writing to be bound by all the terms of this Agreement, and Licensee shall agree to guarantee
the obligations of such assignee hereunder. 

  

	 	(c)	The license granted hereby conveys no right to Licensee to use or register any trademark or trade name of Licensor, or to use the name of Licensor or any trademark or trade name in
any manner whatsoever in connection with the sale of the Product hereunder. Nothing in this Agreement shall be construed as conveying, expressly or by implication, any right under any of Licensor’s know-how except in connection with the
manufacture and sale of the Product hereunder. 

  

	 	(i.)	In the event that the NeedleZapTM trademark cannot be utilized in the Licensed Territories for legal, cultural, or other reasons, and Licensee determines to create a brand for the distribution and sale of the Product, all such brands shall be the property of
Licensor; Licensee shall notify Licensor of its inability to utilize existing brand and request Licensor’s approval to utilize an alternate brand. Licensee must include with the request (a) a proposed budget for development and utilization of
the brand and (b) copies of the proposed brand design. Licensor shall have the final decision on all brand changes to existing branding and labeling, which must remain in compliance with US laws and the protection of Licensor’s patent and
intellectual property rights. In the event of termination of this Agreement not for cause by Licensor, Licensor agrees to reimburse Licensee for the exact cost paid to develop this new “brand” name as previously approved by
Licensor. 

  

 2 

	 	(ii.)	Licensee shall make application and/or register with local governmental authorities all marks or branding of the Product. Any registration of the mark or brand shall be made in the
name of Licensor. 

  

	 	(d)	Licensee shall not have the Product manufactured for it by any third party without the prior written consent of Licensor. 

  

	 	(e)	Upon the termination of this license for any reason, Licensee shall return the Technology, including but not limited to all plans, manuals, FDA documentation and procedures,
writings, and/or other materials provided to Licensee by Licensor at any time, and any and all copies thereof, to Licensor. 

  

	 	(f)	Licensee shall be the sole manufacturer of product set forth in the attachment in Pakistan and the U.A.E. Should Licensee desire to purchase FDA product for sale in Pakistan &
the U.A.E. prior to obtaining FDA approval, Licensee may do so in accordance with Licensor’s international marketing agreement with Transglobal Medical. 

  

	 	(g)	Licensee shall establish a program of quality control to assure Licensor that all Products manufactured utilizing the Licensor Technology for Products will perform in a reasonably
satisfactory manner as a medical device meeting the regulatory standards of the U.S. Food and Drug Administration (FDA) and Licensor’s quality control protocols, copies of which have been provided Licensee. Licensor will assist Licensee in
obtaining approval for units manufactured in Pakistan under the FDA. 

  

	 	2.	Licensed Territory. The license to manufacture and sell the Product granted hereby shall be exclusive as to sales for delivery within Pakistan and the United Arab Emirates
(U.A.E.). Licensee may from time to time request the right to sell the Product in other areas. If Licensor has not at the time granted to anyone else the right to sell the Product in such other areas, Licensor will grant to Licensee the non
exclusive right to manufacture and sell the Product in such other areas on terms to be negotiated at that time, provided that such right shall exist only until such time as Licensor grants to Licensee or someone else an exclusive right to sell in
any such area. 

  

	 	3.	Royalties. 

  

	 	(a)	In consideration of the rights and licenses granted herein to Licensor Technology to be provided to Licensee by Licensor under this Agreement, and in lieu of a sales quota until the
2006 calendar year, Licensee shall provide 

  

 3 

 10,000 NeedleZap Units without cost to Licensor together with the sum of Ninety Thousand dollars
($90,000), in addition to periodic royalties as hereinafter provided, payable by Licensee to Licensor as follows: 
  

	 	(i.)	Thirty thousand dollars (U.S. $30,000) within one (1) week after execution of the Memorandum, nonrefundable, such payment to be in consideration of Licensor’s agreement herein
to grant exclusive territories to Licensee without a minimum order guarantee for the remainder of 2004 and 2005; 

  

	 	(ii.)	Thirty thousand dollars (U.S. $30,000) within four (4) weeks of execution of the Agreement, nonrefundable, and 

  

	 	(iii.)	Thirty thousand dollars (U.S. $30,000) within eight (8) weeks of execution of the Agreement, nonrefundable. 

  

	 	(b)	In further consideration of the license and rights granted and in addition to the fixed payments provided for in Section 3(a) above, Licensee shall pay to Licensor periodic
royalties at the rate of fifteen dollars (U.S. $15.00) for each unit of the Product sold by Licensee within Pakistan and the UAE. Such periodic royalties shall be paid by Licensee to Licensor within thirty (30) days following the end of each fiscal
quarter of this Agreement, beginning with the end of the third full month following the execution of this Agreement. 

  

	 	(c)	Beginning in calendar year 2006, Licensee’s Sales Quota shall be set at 50% of their 2005 calendar year total unit sales in Pakistan and the UAE (each country separately) or a
minimum of 10,000 units in Pakistan and in U.A.E. combined, whichever is greater. The SALES QUOTA for the Licensed Territories shall increase by five percent (5%) after the 2006 sales year and shall increase by five percent (5%) on the anniversary
date of subsequent years thereafter during the time the Agreement is in effect for the countries. Failure to meet the annual Sales Quota in either country, allows Licensor the right to terminate all exclusive sales rights within that country.

  

	 	(d)	Licensee will furnish to Licensor within thirty (30) days following the end of each such quarter a written statement certified by the Chief Financial Officer of Licensee showing the
number of units of the Product sold by Licensee during such quarter, and the amount of periodic royalties due for the corresponding period, together with payment of the royalties due. 

  

	 	(e)	Licensee will at all times during the term of this Agreement keep accurate books of account and other records reflecting all sales of the Product, and will carefully prepare and
maintain such books and records for at least two (2) years following the termination of this Agreement. Licensee hereby grants to Licensor or its duly accredited representative the right to inspect and copy such books and records for the purpose of
ascertaining or confirming the accuracy of statements rendered hereunder, such inspection and copying costs to be at the expense of Licensor. 

  

 4 

	 	(f)	All payments provided for in this Agreement shall be made to Licensor in United States currency. Said payments are to be made by wire as directed by Licensor under separate
instruction. All payments shall be net to Licensor, without deduction for taxes, assessments, or other charges which may be imposed on Licensor by the Government of Pakistan, the U.A.E., or any other entity or any political subdivision thereof with
respect to any amounts payable to Licensor pursuant to this Agreement, and without deduction for banking or wire transfer fees. Such taxes, assessments or other charges, and fees shall be paid by Licensee.  

  

	 	4.	Manufacturing for non-Licensed Territories and Licensor Use. Licensee agrees that it will sell to Licensor for Licensor’s purposes the products listed in the attachments
and manufactured in Licensed Territories, at Licensees’ MLO (Material, Labor, Overhead) Manufacturing Cost per unit plus 20% MLO cost. 

  

	 	a)	The initial per unit cost shall including one AC or DC charger as specified by Licensor from time to time, and packaged for shipment at $10.75 per unit. Said pricing will be
maintained for the first 100,000 units of production, not including the units supplied as part of the license, or through December 31, 2005 (whichever comes first). This per unit price is subject to minimum quantity orders of 10,000 units, with
approved Financing. 

  

	 	b)	Licensor shall pay for any shipping, crating, handling, insurance, transportation, customs duties, taxes and other customary charges. The Licensee shall assist Licensor in obtaining
any export compliance approvals necessary under Pakistani export laws and designated country of delivery import laws, the cost of which shall be borne by Licensor. 

  
 Nature of Manufacturing Relationship. 
  

	 	(a)	Nothing contained herein to the contrary shall prohibit Licensor from continuing to purchase products from its existing manufacturing relationships, manufacturing the products
listed in the attachment in its own facilities, or through contractual manufacturers other than Licensee; however, Licensor warrants that it has no intent to license another non-United States, non- FDA approved manufacturing facility other than
Licensee, so long as Licensee can meet quantity, quality, and competitive pricing suitable to Licensor. Licensor and Licensee acknowledge and agree that an agreement between Licensor and Providers International pre-exists this Agreement and permits
Provider’s International to manufacture or cause to be manufacture the products listed in the attachments in China for sales in China and Australia by Providers International and their distributors. 

  

 5 

	 	(b)	Licensee acknowledges that Licensor is in the business of selling its products and Licensor must have the opportunity to have manufactured products at quantity, quality, and pricing
levels commercially acceptable in various marketplaces around the globe. With this requirement as a condition, Licensor grants unto Licensee an exclusive license to manufacture Licensor’s non-US requirements for non-FDA approved products listed
in the attachments. 

  

	 	i.	Licensee agrees that in the event Licensor notifies Licensee of a potential market, country, or distribution source that desires to purchase Licensor’s products, but that
market, country, or distribution has quantity, quality, or pricing or non-commercial concerns with the products manufactured by Licensee, that Licensee will work with Licensor to structure an acceptable solution. If no solution can be reached,
Licensor shall be permitted to explore and utilize alternative manufacturing opportunities. 

  

	 	ii.	Licensor agrees to assist Licensee in obtaining FDA approval for product through its Pakistan manufacturing facility. Should Licensee obtain FDA approval, Licensor agrees to
purchase FDA approved products listed on the attachments from Licensee where commercially viable and available. 

  

	 	5.	Warranty. 

  

	 	a)	Product Warranties, if any, are provided by Licensee for Products it produces. Licensor makes no warranties whatsoever. 

  

	 	b)	IN NO EVENT SHALL LICENSOR BE LIABLE FOR ANY CONSEQUENTIAL DAMAGES OR DAMAGES OF ANY KIND OR NATURE ALLEGED TO HAVE RESULTED FROM ANY BREACH OF WARRANTY. LICENSOR DOES NOT WARRANT
THE MERCHANTABILITY OF THE PRODUCTS OR THEIR FITNESS FOR ANY PARTICULAR PURPOSE. LICENSOR MAKES NO WARRANTY, EXPRESS OR IMPLIED, OTHER THAN THOSE SPECIFICALLY SET FORTH HEREIN. 

  

	 	c)	Licensee shall provide for Products sold to Licensor or outside Licensed territories at the request of Licensor or its representatives a one year limited warranty consisting of the
following: 

  
 One-Year Limited Warranty 

 
 Licensee warrants this device to be free from defects in material and
workmanship existing at the time of manufacture and appearing within one (1) year from the original date of purchase. 
  

 6 

 If such a defect appears during the warranty period, we will (at our sole option) repair or replace the
defective unit with no charge for service or parts, provided that the unit is delivered at the customer’s expense to the manufacturer. 
  
 This warranty extends only to the original consumer purchaser and does not cover damage or claims resulting from misuse, failure to follow instructions
in use, failure to replace the clean-out plug as directed, neglect, improper maintenance, use on a current or voltage other than specified for the device, or unauthorized service during the warranty period. 
  
 THIS WARRANTY SHALL BE EXCLUSIVE AND SHALL BE IN LIEU OF ANY OTHER EXPRESS
WARRANTY, WRITTEN OR ORAL, INCLUDING BUT NOT LIMITED TO ANY EXPRESS WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. THE DURATION OF ANY IMPLIED WARRANTIES OF MERCHANTABILTY OR FITNESS FOR A PARTICULAR PURPOSE IS EXPRESSLY LIMITED TO
THE PERIOD OF THIS LIMITED WARRANTY. 
  
 THE CUSTOMER’S
EXCLUSIVE REMEDY FOR BREACH OF THIS WARRANTY OR ANY IMPLIED WARRANTY OR ANY OTHER OBLIGATION ARISING BY OPERATION OF LAW OR OTHERWISE SHALL BE LIMITED AS SPECIFIED HEREIN TO REPAIR OR REPLACEMENT, AT OUR SOLE OPTION. IN ANY EVENT, LICENSEE EXPRESSLY
DISCLAIMS ALL REPONSIBILITY FOR SPECIAL, CONSEQUENTIAL, OR INCIDENTAL DAMAGES CAUSED BY THE USE OF THE DEVICE. Some jurisdictions may not allow this exclusion or limitation of incidental or consequential damages, so the foregoing disclaimer may
not apply to you. 
  
 If you have a claim under this warranty,
please call the toll free number listed below. ALL RETURNS MUST BE ASSIGNED AN RMA NUMBER PRIOR TO RETURN. 
  
 NUMBER TO BE ASSIGNED 
  

	 	d)	Defective Returns. 

  

	 	i.	Licensor may return to Licensee for replacement or credit any Products (other than Configured Products) found to be defective within ninety (90) days of purchase or any Configured
Products which are found to be defective within thirty (30) days of purchase. Licensor must obtain Licensee’s approval prior to returning the Products. Licensee reserves the right to require Licensor to return defective Products directly to the
Products’ manufacturer for replacement according to the manufacturer’s defective Products return policy. 

  

	 	ii.	Licensee shall not be obligated to repair or replace Products rendered defective, in whole or in part, by causes external to the Products, such as, but not limited to catastrophe,
power failure or transients, overvoltage on recharging, environment extremes, improper use, maintenance and application of the Products or use of unauthorized parts. 

  

 7 

	 	5.	Term. 

  
 The initial term of this Agreement, and the duration of the license granted hereby, shall be for two (2) years from the date of this Agreement. This
Agreement shall be subject to renewal on terms to be agreed upon by the parties. Either party intending to seek renewal of this Agreement shall give notice thereof to the other party at least sixty (60) days prior to the expiration hereof.

  

	 	6.	Additional Licensee Responsibilities. 

  

	 	(a)	Licensee agrees to actively develop the market and to promote the sale of the product in Pakistan and the U.A E., including marketing, distribution, training and service of the
Product. 

  

	 	(b)	Licensee will maintain a marketing, sales and service organization properly trained to market the Product and to insure proper training and servicing thereof.

  

	 	(c)	Licensee will provide to Licensor on at least a quarterly basis information and analysis of marketing and sales of the Product in Pakistan and the U.A.E. and professional support
for future development and sales of the Product in those Territories. 

  

	 	(d)	Licensee will be solely responsible for providing warranty as required by applicable law within the Licensed Territories, service and support for the Products. Licensor shall have
no Product warranty, service or support responsibilities. 

  

	 	(e)	If required under national or other applicable law within the Territory, Licensee agrees, at its sole cost and expense, to execute, endorse, file or register this Agreement or
perform any other legal, regulatory and/or government administrative requirements as are reasonably necessary to comply with such applicable law in order for Licensee to be authorized or permitted to manufacture, to distribute and to sell the
Products in the country. Licensor hereby agrees to provide any documentation, signatures, or any other information to help Licensee comply. To the extent that any governmental or regulatory agency requires the payment of any tax, registration, or
incidental user fee, Licensee agrees that the cost of same shall be borne entirely by it, and Licensee shall save and hold harmless the Licensor therefrom. 

  

	 	(f)	Licensee agrees to provide Licensor with complete and real-time sales and marketing data, including customer names and addresses, Product needs analysis and purchase details,
Product pricing (retail, wholesale, and actual) to the market in general as well as actual purchases, together with any other 

  

 8 

 customer relation management (“CRM”) that may be required from time to time by Licensor.
Licensor currently intends to develop and is developing a web based NeedleZap site that contains a back office component in which all core business processes (especially all processes that require a dynamic and interactive flow of information) are
put online to improve service, cut costs, and sell products. Licensee agrees that it will utilize or integrate its existing systems with Licensor to provide full e- commerce and CRM functionality as required by Licensor. 
  

	 	7.	No Patent Warranty. 

  
 Licensor makes no representation or warranty that the Product is free from any infringement of any patent or proprietary rights of others, except that
Licensor is aware of no claim or charge of any such infringement. 
  

	 	8.	Indemnification and Limitation of Liability. 

  

	 	(a)	Licensee agrees to indemnify, to defend and to hold harmless Licensor from claims of third persons either: 

  

	 	(i.)	proximately caused by the fault or negligence of Licensee, its officers, employees or agents; or 

  

	 	(ii.)	which relates to any customer disputes or claims relating to the marketing, sale, distribution, installation, training, or service of any Product or the performance thereof, whether
arising out of express or implied warranty; or 

  

	 	(iii.)	which relates to any other failure by Licensee to comply with any terms of this Agreement; or 

  

	 	(iv.)	which relates to any failure by Licensee or its sublicensees or agents to comply with applicable laws and/or regulations in accordance with Section 12 hereof.

  

	 	(b)	LICENSOR SHALL NOT BE LIABLE TO LICENSEE, LICENSEE’S CUSTOMERS, OR OTHER PARTY FOR ANY LOSS, DAMAGE, OR INJURY WHICH RESULTS FROM THE USE OR APPLICATION BY LICENSEE,
LICENSEE’S CUSTOMER, OR ANY OTHER PARTY OF PRODUCTS DELIVERED TO LICENSEE, LICENSEE’S CUSTOMER, OR OTHER PARTY, UNLESS THE LOSS OR DAMAGE RESULTS DIRECTLY FROM THE INTENTIONALLY TORTIOUS OR FRAUDULENT ACTS OR OMISSIONS OF LICENSOR. IN NO
EVENT SHALL LICENSOR BE LIABLE TO LICENSEE OR ANY THIRD PARTY FOR LOSS, DAMAGE, OR INJURY OF ANY KIND OR NATURE ARISING OUT OF OR IN CONNECTION WITH THESE TERMS AND CONDITIONS, OR ANY AGREEMENT INTO WHICH THEY ARE INCORPORATED, OR ANY PERFORMANCE OR

  

 9 

 NONPERFORMANCE UNDER THESE TERMS AND CONDITIONS BY LICENSOR, ITS EMPLOYEES, AGENTS OR SUBCONTRACTORS, IN
EXCESS OF THE NET ROYALTY PRICE PAID TO LICENSOR BY LICENSEE OF THE PRODUCTS ACTUALLY DELIVERED TO LICENSEE’S CUSTOMERS OR OTHER PARTY HEREUNDER. IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY OR ANY THIRD PARTY FOR INDIRECT,
SPECIAL OR CONSEQUENTIAL DAMAGES, INCLUDING, BUT NOT LIMITED TO LOSS OF GOOD WILL, LOSS OF ANTICIPATED PROFITS, OR OTHER ECONOMIC LOSS ARISING OUT OF OR IN CONNECTION WITH EITHER PARTY’S BREACH OF, OR FAILURE TO PERFORM IN ACCORDANCE WITH ANY
OF THESE TERMS AND CONDITIONS, OR THE FURNISHING, INSTALLATION, SERVICING, USE OR PERFORMANCE OF ANY PRODUCTS PROVIDED HEREUNDER, EVEN IF NOTIFICATION HAS BEEN GIVEN AS TO THE POSSIBILITY OF SUCH DAMAGES. BOTH PARTIES HEREBY EXPRESSLY WAIVE ANY AND
ALL CLAIMS FOR SUCH DAMAGES. 
  

	 	9.	Confidentiality, Patent, Trademark and Maintenance Use, Infringement, and Non Disclosure. 

  

	 	(a)	The Non Disclosure Agreement (“NDA”) previously entered into between the parties, a copy of which is attached as Exhibit “B”, shall remain in force and effect
throughout the term of this Agreement and shall be binding upon the parties hereto and incorporated herein by reference. 

  

	 	(b)	Each appointment to sell and/or license however described and entered into by Licensee with a sublicense or agent to distribute or sell the Product shall require such entity or
person to become a party to and be bound by the NDA. In addition, each party and sublicensees shall maintain as confidential all confidential information disclosed to it which Licensor designates as confidential pursuant to the provisions of the Non
disclosure Agreement. In addition, all sublicensees and agents shall be subject to the terms and conditions of this Agreement. It shall be Licensee’s responsibility to enforce the terms of the Agreement with sublicensees and agents, including
sublicensees’ and agents’ obligation to only operate within the authorized Licensed Territories. Licensee agrees that it will take necessary action to enforce this provision, including the termination, as may be required, of
sublicensees’ and agents’ rights and privileges under its sublicense. 

  

	 	(c)	For a period of two (2) years from the date of disclosure to the other party, both parties agree that they will not disclose to third parties the Confidential Information, as
hereafter defined, of the other without the other party’s prior written permission. Confidential Information shall mean all proprietary information and/or trade secrets (including but not limited to Licensor’s customer information,
Licensor Technology, and/or Licensor Patent Rights) regardless of the form in which it is transmitted, which (a) if disclosed in 

  

 10 

 tangible form bears a legend indicating that it is confidential or proprietary; or (b) if disclosed
orally or visually only, is identified as confidential or proprietary at the time of disclosure and is documented as such in writing and a non-confidential written summary of the disclosure is provided to the other party within thirty (30) days of
the date of disclosure. Confidential Information will only be used by the parties in furtherance of this business relationship. Licensee agrees not to use any Confidential Information to solicit or develop business directly with Licensor’s
customers. The foregoing obligations not to disclose Confidential Information shall not apply with respect to a party’s Confidential Information that: 
  

	 	i.	was in the possession of or known by the other party without an obligation of confidentiality prior to receipt from the disclosing party; 

  

	 	ii.	is or becomes general public knowledge through no fault or acts of the other party; 

  

	 	iii.	is or becomes lawfully available to the other party from a third party which, to the other party’s knowledge, is not subject to an obligation of confidentiality;

  

	 	iv.	is independently developed by the other party without use of any Confidential Information; or 

  

	 	v.	the other party is advised by counsel is required to be disclosed to any governmental agency or pursuant to any law, code or regulation, provided the disclosing party notifies the
other party in writing as soon as it becomes aware of the disclosure requirement so as to afford the other party every opportunity to take whatever steps it deems necessary to protect the confidentiality of the information. In the event that
Licensor determines that it must file this Agreement as an exhibit to any registration statement it files with the U.S. Securities and Exchange Commission (the “SEC”), confidential treatment for the filing will permit Licensee to review
and approve the portions of this Agreement for which Licensee’s confidential information is disclosed and prior to the filing. 

  

	 	(c)	PATENT AND TRADEMARK VALIDITY, MAINTENANCE AND USE: 

  

	 	i.	Licensee and its approved sublicensees shall not contest the validity of any U.S. patents or trademarks or patents or trademarks issued in any country listed on Schedules A, B, or C
coming within the scope of Licensor Patent Rights and Licensor Trademark Rights in court or in arbitration on any grounds on which the U.S. Patent and Trademark Office or other applicable government patent and/or trademark office would be likely to
grant reexamination. 

  

 11 

	 	ii.	Licensor shall continue to pursue at its expense applying for, obtaining and maintaining patents and trademarks in the United States, Pakistan and the U.A.E. coming within the scope
of Licensor Patent Rights and Licensor Trademark Rights. Licensee agrees to take any and all steps within its power to maintain, protect and preserve Licensor Patent Rights and Licensor Trademark Rights on behalf of and in the name of Licensor.

  

	 	(d)	INFRINGEMENT: 

  

	 	i.	If any infringement or threatened infringement of Licensor Technology, including Licensor Patent Rights, and of Licensor Trademark Rights comes to the knowledge of Licensee or its
sublicensees, Licensee will promptly notify Licensor in writing, giving full particulars thereof. 

  

	 	ii.	If an infringement or threatened infringement of Licensor Technology, including Licensor Patent Rights, and of Licensor Trademark Rights comes to the knowledge of Licensor, Licensor
will promptly notify Licensee in writing, giving full particulars thereof. 

  

	 	iii.	In the event of any alleged infringement by a third party’s unauthorized use of the Licensed Technology or by the unauthorized making, using or selling of Licensed Products,
Licensor shall have the right and obligation to sue such infringer(s) in its own name and the right, at its option, to join Licensee or its sublicensee as plaintiffs in the litigation, if necessary under applicable law to enforce Licensor’s
rights. 

  

	 	iv.	The parties agree to cooperate in the investigation of any alleged infringement by a third party, and agree to cooperate in any such legal action or proceeding.

  

	 	v.	Should a third party claim of infringement result in a court decision unfavorable to Licensor Technology, including Licensor Patent Rights, then Licensee shall have the right to
terminate this Agreement upon written notice to Licensor. 

  

	 	(e)	NON-DISCLOSURE: In addition to all other covenants and agreements regarding confidentiality, Licensee covenants that it will not disclose to any person, nor shall it allow to be
disclosed to any entity or person, any information pertaining to the design, construction methods, construction materials, or sources for said materials, or any other detail of the Products or any other components of the Products, Licensor
Technology, Licensor Patent Rights, or Licensor Trademark Rights. Licensee also covenants that it will use due diligence to insure that no employee, associate, contractor, customer, or any other person discloses any information pertaining to the
design, construction methods, construction materials, or sources for said materials, or any other detail of the Products, Licensor Technology, Licensor Patent Rights, or Licensor Trademark Rights. 

  

 12 

	 	10.	Insurance. 

  
 Licensee agrees to maintain during the term hereof liability insurance for personal injury and property damage, including products liability and
contractual coverage, as set forth herein. Coverage for personal injury shall be not less than one million dollars (U.S. $1,000,000) annual aggregate liability. Coverage for property damage shall be not less than five hundred thousand dollars (U.S.
$500,000) per occurrence. Such liability insurance obtained by Licensee shall include Licensor as an additional named insured by endorsement, provided it is at no cost to Licensee. Licensee shall supply Licensor with a Certificate of Insurance upon
written request by Licensor. 
  

	 	11.	Force Majeure. 

  
 Neither party hereto shall be liable for any delay arising from circumstances beyond its control including (but not limited to) acts of God, war, riot or
civil commotion, industrial dispute, fire, flood, drought, shortage of material or labor or act of government, provided that the party seeking to be excused shall make every reasonable effort to minimize the delay resulting therefrom. Each party
shall keep the other fully informed of any such circumstances. In the event of any event which keeps Licensee from manufacturing for more than six (6) weeks shall be deemed a period of disability, during which time Licensor may utilize alternative
manufacturing sources or manufacturers to meet its needs or the needs of its distributors and/or customers. Upon Licensee’s notification to Licensor in writing that it is able to resume manufacturing of the Product, the disability shall be
lifted and the terms of this agreement regarding manufacturing shall resume. All other terms of the agreement shall not be affected under the disability. 
  

	 	12.	Government Regulations. 

  

	 	(a)	Licensee shall comply with all laws and regulations of all applicable jurisdictions relating to the manufacture, sale and distribution of the Products. 

  

	 	(b)	This Agreement shall be subject to all United States laws and regulations now or hereafter in effect applicable to the subject matter hereof. The Export Administration Regulations
of the United States Department of Commerce prohibit, except under an individual validated license, the exportation from the United States of technical data relating to certain commodities (listed in the Export Administration Regulations, unless the
exporter (under this Agreement, Licensor) has received certain assurances from the foreign importer. Licensee acknowledges that it has received a copy of the current Export Administration Regulations of the United States Department of Commerce and
has access to Supplementary Bulletins from the United States Department of Commerce. Licensee agrees to comply with all applicable Export Administration Regulations of the United States Department of 

  

 13 

 Commerce, and hereby gives to Licensor the assurances called for in Part 779.4 of such Export
Administration Regulations. Licensee further warrants that it will not export or re-export, directly or indirectly, any Products to embargoed countries, including, but not limited to, Cuba, Libya, North Korea, Iran, Iraq, Sudan and Syria. Diversion
of Products contrary to U.S. law is prohibited. 
  

	 	(c)	If the terms of this Agreement are such as to require or make it appropriate that this Agreement or any part of it be registered with or reported to any national or supranational
agency in any area in which Licensee will do business hereunder, Licensee will, at its expense, promptly undertake such registration or report. Licensee will supply prompt notice and appropriate verification of any such registration or report and
any agency ruling resulting therefrom. 

  

	 	13.	Termination. 

  

	 	(a)	If either party hereto shall breach this Agreement, the other party may give the defaulting party written notice of such default. If the defaulting party shall fail or refuse to
remedy such default within thirty (30) days from the date of said notice, this Agreement may be terminated by a second written notice and said termination shall be effective as of the date of the second notice of default. Such termination shall be
without prejudice to any other rights or claims the aggrieved party may have against the defaulting party. Defaults under this Agreement shall be deemed to include, but shall not be limited to: 

  

	 	(i)	material failure by either party to fulfill any of its obligations under this Agreement; 

  

	 	a.	an adjudication of bankruptcy of either party under any bankruptcy or insolvency law; 

  

	 	b.	the commission by either party of a receiver for business or property, or the meaning of any general assignment for the benefit of creditors; or 

  

	 	c.	without the prior consent of Licensor, sale by Licensee of substantially all of its assets or sale or other transfer of controlling interest in the ownership of Licensee.

  

 14 

	 	(b)	In addition, either party may, immediately upon notice, terminate this Agreement in its entirety or with respect to any particular license or right granted hereunder if:

  

	 	i.	Such termination is necessary to comply with an order or official request of the government of the terminating party, or 

  

	 	ii.	Normal conduct of the business of the other party as a private enterprise ceases or is substantially altered as a consequence of action taken by governmental or other authority.

  

	 	(c)	Licensor may, immediately upon notice, terminate this Agreement in its entirety or with respect to any particular license or right granted by it hereunder if by law or regulation of
the government of the Pakistan, the U.A.E. or any political entity, Licensee is disabled from making the payments to Licensor which it is required to make under this Agreement, and such disability continues for more than thirty (30) days.

  

	 	14.	Amendments. 

  
 No provision of this Agreement may be amended, revoked or waived except by a writing signed by a duly authorized representative of each of the parties
hereto. 
  

	 	15.	Assignment. 

  
 Except as otherwise provided herein, this Agreement shall not be assignable by Licensee. Licensee shall have the right to transfer all or any part of its
rights and obligations hereunder to any wholly-owned affiliate of Licensee, provided, however, that such affiliate shall agree in advance in writing to be bound by all the terms of this Agreement and that Licensee agrees to guarantee the obligations
hereunder of such assignee. 
  

	 	16.	Notices. 

  
 Any notice required to be given hereunder shall be deemed sufficient and delivery shall be deemed complete if sent by registered Air Mail or confirmed
telex to the following addresses: 
  

			
	To Licensor:	 	E Med Future, Inc.
	 	 	794 Morrison Rd
	 	 	Columbus, Ohio 43230
	 	 	Attention: Dane Donohue
		
	To Licensee:	 	IT DEVELOPMENT SOLUTIONS, INC.
	 	 	498 Palm Springs Drive
	 	 	Suite 320
	 	 	Altamonte Springs, Fl 32701
	 	 	Attention: Patrick Downs, President

  

	 	17.	Governing Law. 

  
 This Agreement and the relationship of the parties hereto shall be governed in all respects by the laws of the State of Ohio, United States of America,
except that questions affecting the validity, construction and effect of any patent shall be 
  

 15 

 determined by the law of the country in which the patent has been granted. In the event of any
controversy between the parties respecting the interpretation or application of the terms of this Agreement, the English language version of this Agreement shall be controlling. 
  

	 	18.	Resolution of Disputes. 

  

	 	(a)	All disputes and controversies between the parties hereto of every kind and nature arising out of or in connection with this Agreement as to the existence, construction, validity,
interpretation or meaning, performance, nonperformance, enforcement, operation, breach, continuation, or termination of this Agreement shall be resolved as set forth in this Section 18. 

  

	 	(b)	Either party to this Agreement may within fifteen (15) days after a dispute or controversy arises submit any dispute or controversy hereunder in writing for resolution by a senior
executive officer of the highest executive level for each of the parties. If such persons cannot resolve the dispute or controversy within thirty (30) days, then the dispute or controversy may be submitted to binding arbitration should all parties
agree to a course of arbitration pursuant to the following procedure. 

  

	 	(i.)	The dispute or controversy shall be submitted to a single arbitrator with experience in international high medical technology commercial matters to be chosen by the senior executive
officers at the highest executive level for each of the parties within thirty (30) days after the conclusion of the mediation provided for above. If senior executive representatives of the disputing parties cannot within such time agree on an
arbitrator, the arbitrator shall be chosen under International Chamber of Commerce procedures from its panels of arbitrators with international high medical technology commercial experience. 

  

	 	(ii.)	The arbitration hearing shall be held in New York, New York, United States of America, or at such other place as the parties and the arbitrator agree, within thirty (30) days after
the dispute is submitted to an arbitrator. The Arbitration Rules of the International Chamber of Commerce, or such other rules and procedures as the arbitrator may determine, shall be utilized in the arbitration proceedings. The arbitration hearing
shall be conducted in the English language. 

  

	 	(iii.)	The arbitration hearing shall be concluded in not more than three (3) days unless otherwise ordered by the arbitrator. The award on the hearing shall be made within thirty (30) days
after the close of the submission of evidence at or in connection with the hearing. 

  

	 	(iv.)	An award rendered by the arbitrator appointed pursuant to this Agreement shall be final and binding on the parties to such proceeding. The award shall be enforceable under the June
10, 1958 Convention on the Recognition and Enforcement of Foreign Arbitral Awards, or its latest revision thereof. Judgment on such award may be entered by any of the disputing parties in the highest court having jurisdiction in any country.

  

 16 

	 	(v.)	The provisions of this Section 18 of this Agreement shall be a complete bar and defense to any suit, action or proceeding instituted in any court or before any administrative
tribunal with respect to any dispute or controversy arising out of or in connection with this Agreement. The arbitration provisions of this Agreement shall, with respect to any such dispute or controversy, survive the termination or expiration of
this Agreement. 

  

	 	(vi.)	Nothing contained in this Section 18 shall give the arbitrator selected hereunder any authority, power or right to alter, change, amend, modify, add to, or subtract from the
provisions of this Agreement. Rather, the arbitrator shall endeavor to interpret the provisions of this Agreement so as to carry out its terms with reference to any dispute submitted for arbitration. 

  

	 	(vii.)	The parties shall each bear all of their respective arbitration costs and expenses, provided, however, that the parties shall share equally the costs and expenses of the arbitrator.

  

	 	(viii.)	The failure or refusal of any party hereto to submit to arbitration in accordance with this Agreement shall permit either party to file suit in the appropriate state court of the
State of Ohio, United States or in Federal Court within Ohio, United States. 

  

	 	19.	Severability: 

  
 If any term of this agreement is deemed void, the remainder of the agreement shall remain in full force as if the entire agreement was deemed valid.

  

	 	20.	Headings 

  
 This Agreement may be executed in any number of original counterparts, each of which when executed and delivered will be deemed to be an original and all
of which taken together will constitute but one and the same instrument. Headings in this Agreement are included for convenience of reference only and will not constitute a part of this Agreement for any other purpose. 
  

	 	21.	Entire Agreement. 

  
 This Agreement, including the Non Disclosure Agreement attached hereto as Exhibit “A” and incorporated herein by reference, represents the
entire agreement and understanding of the parties hereto with respect to the subject matter hereof and supersedes all other prior agreements, understandings and communications, whether oral or written. 
  

 17 

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

			
	 E MED FUTURE, INC.

		
	 By:
	 	 /s/ D. Dane Donohue

	 	 	 D. Dane Donohue, Executive Vice President

	
	 ITDEVELOPMENT SOLUTIONS, INC.

		
	 By:
	 	 /s/ Patrick Downs

	 	 	 Patrick Downs, President

  

 18 

 EXHIBIT “A” 
  
 UNITED STATES PATENT RIGHTS 
  

									
	Patent No.

	  	Issued

	  	Expires

	  	Serial No.

	  	Filed

  
 INTERNATIONAL PATENT
RIGHTS 
  

							
	Country

	  	Filing Date

	  	Patent No.

	  	Expiration Date

  
 TRADEMARKS

  

			
	 Trademark

	  	Country

	 NEEDLEZAP
	  	United States of America

 EXHIBIT “B” 
  
 NON-DISCLOSURE, NON-COMPETE, 
 CONFIDENTIALITY AND 
 NON-CIRCUMVENTION AGREEMENT

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