Document:

EX-10.1

 Exhibit 10.1 

SECOND AMENDMENT AGREEMENT 

THIS SECOND AMENDMENT AGREEMENT (this “Agreement”), dated as of January 23, 2015, is entered into by and among
BARRACUDA NETWORKS, INC., a Delaware corporation (the “Borrower”), the several banks and other financial institutions or entities party hereto (each a “Lender” and, collectively, the
“Lenders”), SILICON VALLEY BANK (“SVB”), as the Issuing Lender and the Swingline Lender, and SVB, as administrative agent and collateral agent for the Lenders party to the Credit Agreement
referenced below (in such capacity, the “Administrative Agent”). Unless otherwise defined herein, terms defined in the Credit Agreement (defined below) and used herein shall have the meanings given to them in the Credit
Agreement. 
 RECITALS 

A. The Borrower, the Lenders and the Administrative Agent are parties to that certain Credit Agreement, dated as of October 3, 2012 (as
amended prior to the date hereof, the “Credit Agreement”). 
 B. The Borrower has requested that the Administrative
Agent and the Lenders agree to amend the Credit Agreement in the manner described in Section 1 hereof. 
 C. The Administrative
Agent and the Lenders have agreed to so amend the Credit Agreement upon the terms and conditions set forth herein. 
 ACCORDINGLY, subject
to the satisfaction of the conditions to effectiveness described in Section 2 of this Agreement, the parties hereto hereby agree as follows: 

AGREEMENT 
 SECTION 1
Amendments. Subject to and upon the terms and conditions hereof, and with effect from and after the Effective Date, the Credit Agreement shall be amended as follows: 

(a) The definition of “Revolving Termination Date” appearing in Section 1.1 of the Credit Agreement shall be amended and
restated to read in its entirety as follows: 
 “Revolving Termination Date”: November 15, 2015. 

(b) Section 1.1 of the Credit Agreement shall be further amended by adding the following new definitions to such Section 1 in the
appropriate alphabetical order: 
 “Cash Management Condition”: For any day, the condition that is
satisfied when SVB and its Affiliates provide as of such day at least 75% of all of the domestic cash management services then used by the Borrower and its Subsidiaries, as reasonably determined by the Administrative Agent. 

“Deposits Condition”: For any day, the condition that is satisfied when the aggregate amount of the
cash, Cash Equivalents and Investment Property of the Borrower and its Subsidiaries held as of such day in Deposit Accounts and/or Securities Accounts maintained with SVB and its Affiliates (including, for the avoidance of doubt, SVB Asset
Management) equals or exceeds $25,000,000, as reasonably determined by the Administrative Agent. 

 “Election Period”: is defined in Section 2.20(a). 

“Increase Effective Date”: is defined in Section 2.20(d). 

“Revolver Increase”: is defined in Section 2.20(a). 

(c) Section 2.5 of the Credit Agreement shall be amended and restated to read in its entirety as follows: 

2.5 Commitment Fees, etc. 

(a) As additional compensation for the Revolving Commitments, the Borrower shall, subject to Section 2.5(b), pay
the Administrative Agent for the benefit of the Lenders, in arrears, on the first day of each calendar quarter from and after the Closing Date through the Revolving Termination Date and on the Revolving Termination Date, a fee for the
Borrower’s non-use of available funds during the most recently ended calendar quarter in an amount equal to the Commitment Fee Rate per annum (calculated on the basis of a 360 day year for actual days elapsed) multiplied by the
difference between (x) the Revolving Commitment (as it may be increased or reduced from time to time pursuant to the terms hereof) and (y) the average for the most recently ended calendar quarter period of the daily closing balance
of the Revolving Loans outstanding (including the sum of the aggregate undrawn amount of all outstanding Letters of Credit at such time plus the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted
into Revolving Loans). 
 (b) Notwithstanding anything to the contrary set forth in Section 2.5(a), no fee shall
be payable pursuant to Section 2.5(a) in respect of any calendar quarter if on each day during such calendar quarter each of the Deposits Condition and the Domestic Cash Management Condition is satisfied, as reasonably determined by the
Administrative Agent. 
 (c) All fees payable under this Section 2.5 shall be fully earned on the date paid and
nonrefundable. 
 (d) Section 2 of the Credit Agreement shall be amended by adding the following as new Section 2.20 thereof: 

2.20 Increase in Aggregate Revolving Commitments. 

(a) Request for Increase. Provided there exists no Default, upon notice to the Administrative Agent (which shall
promptly notify the Lenders), at any time during the Revolving Commitment Period, the Borrower may request an increase in the aggregate Revolving Commitments by an amount not exceeding $25,000,000 (which, for the avoidance of doubt, could result in
an aggregate amount of aggregate Revolving Commitments of not more than $50,000,000) (any such increase in the amount of the aggregate Revolving Commitments being a “Revolver Increase”); provided that (i) no
Lender shall be obligated to participate in any Revolver Increase and each Lender’s determination to participate in any such Revolver Increase shall be made in such Lender’s 

  
 2 

 
sole and absolute discretion; (ii) any such request for a Revolver Increase shall be in a minimum amount of $5,000,000, and (iii) the Borrower may only make one such request for a
Revolver Increase. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period (such period, the “Election Period”) within which each Lender is requested to
respond (which Election Period shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Lenders) and the Administrative Agent shall promptly thereafter notify each Lender of the Borrower’s
request for such Revolver Increase and the Election Period during which each Lender is requested to respond to such Borrower request. Any additional Revolving Loans made available pursuant to any such Revolver Increase shall be treated on the same
terms (including with respect to pricing and maturity date) as, and made pursuant to the same documentation as is applicable to, the original Revolving Facility. 

(b) Lender Elections to Increase. Each Lender shall notify the Administrative Agent by the end of the Election Period
whether or not it agrees, in its sole and absolute discretion, to increase its respective Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Revolving Percentage of such requested Revolving Increase. Any
Lender not responding by the end of such Election Period shall be deemed to have declined to increase its respective Revolving Commitment. 

(c) Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrower and
each Lender of the Lenders’ responses to any request made by the Borrower pursuant to this Section 2.20. To achieve the full amount of a requested Revolver Increase, and subject to the approval of the Administrative Agent (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 (provided that the
joinder of any such “Lender” for the purpose of providing all or any portion of any such Revolver Increase shall not require the consent of any other Lender (including any other “Lender” that is joining this Agreement to provide
all or part of such Revolver Increase)). 
 (d) Effective Date and Allocations. If the aggregate Revolving
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 Revolver Increase. The
Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such Revolver Increase and the Increase Effective Date. 

(e) Conditions to Effectiveness of Increase. As conditions precedent to such Revolver Increase: 

(i) the Borrower shall deliver to the Administrative Agent a certificate of each Loan Party dated as of the Increase Effective
Date (in sufficient copies for each Lender) signed by a Responsible Officer of each such Loan Party (A) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such Revolver Increase, and (B) in the
case of the Borrower, certifying that, before and after giving effect to such Revolver Increase, (1) each of the representations and warranties made by each Loan Party in or pursuant to any Loan Document (y) that is qualified by
materiality shall be true and correct, and (z) that is not qualified by materiality, shall be true and correct in all material respects, in each case, on and as of such date as if made on and as of such date, except to the extent that any such
representation and warranty expressly 

  
 3 

 
relates to an earlier date, in which case such representation and warranty shall have been true and correct in all material respects as of such earlier date, (2) no Default exists; and
(3) after giving pro forma effect to such Revolver Increase, the Borrower shall be in pro forma compliance with the applicable financial covenants set forth in Section 7.1 as of the end of the most recently ended month or fiscal
quarter or fiscal year, as applicable, for which financial statements have been delivered prior to such Revolver Increase (regardless of whether such financial covenants are being tested or projected to be required to be tested), and the Borrower
shall have delivered to the Administrative Agent a Compliance Certificate evidencing compliance with the requirements with this clause (3), together with all reasonably detailed calculations demonstrating such compliance; 

(ii) the Borrower shall deliver to any Lender providing an increase in the Revolving Commitments hereunder (or any new Lender
providing such Revolving Commitment hereunder) any Notes requested by such Lender in connection with the making of such increased or new Revolving Commitment, and shall have executed any amendments to this Agreement and the other Loan Documents as
may be required by the Administrative Agent to effectuate the provisions of this Section 2.20; 
 (iii) with
respect to any Revolver Increase, the Borrower shall prepay any Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 2.16) to the extent necessary to keep the outstanding
Revolving Loans ratable with any revised Revolving Percentages resulting from any non-ratable increase in the Revolving Commitments undertaken pursuant to this Section. 

(f) Distribution of Revised Commitments Schedule. The Administrative Agent shall promptly distribute to the parties an
amended Schedule 1.1A (which shall be deemed incorporated into this Agreement), to reflect any such changes in the Revolving Commitments of the existing Lenders, or the addition of any new Lenders and their respective Revolving Commitment
amounts, and the respective Revolving Percentages resulting therefrom. 
 (g) Conflicting Provisions. This Section
shall supersede any provisions in Section 2.13 or 10.1 to the contrary. 
 (h) Effect of Increase.
Upon the increase in the aggregate Revolving Commitments under this Section 2.20, all references in this Agreement and in any other Loan Document (i) to the Revolving Commitment of any Lender shall be deemed to include any increase
in such Lender’s Revolving Commitment pursuant to this Section 2.20, and (ii) to the aggregate Revolving Commitments shall be deemed to include the increase in the aggregate Revolving Commitments made pursuant to this
Section 2.20. The Revolving Loans, Revolving Commitments, aggregate Revolving Commitments that are subject to an increase under this Section 2.20 shall be entitled to all of the benefits afforded by this Agreement and the
other Loan Documents and shall benefit equally and ratably from any guarantees and Liens provided under the Loan Documents in favor of the Secured Parties. 

(e) Section 7.6(h) of the Credit Agreement shall be amended by replacing the single reference to the amount “$10,000,000”
appearing therein to the amount “$20,000,000”. 
 (f) The Table of Contents to the Credit Agreement shall be deemed updated to
reflect the changes occasioned by the amendments to the Credit Agreement contemplated in this Section 1. 

  
 4 

 SECTION 2 Effectiveness of Agreement. This Agreement shall become effective on
January 23, 2015 (the “Effective Date”), provided that (a) the Administrative Agent shall have received from the Borrower and each Lender a duly executed original (or, if elected by the Administrative Agent, an
executed facsimile or PDF followed promptly by an executed original) counterpart of this Agreement and (b) the Administrative Agent shall have received from each Guarantor party thereto a duly executed original (or, if elected by the
Administrative Agent, an executed facsimile or PDF followed promptly by an executed original) signature page to the Guarantor Acknowledgment and Consent attached hereto as Exhibit A. It is the express intent of each of the parties hereto that, upon
the occurrence of the Effective Date, the amendments contemplated in Section 1 hereof be deemed for all purposes under the Loan Documents to have taken effect as of October 2, 2014. 

SECTION 3 Representations and Warranties. In order to induce the Administrative Agent and the Lenders to provide the amendments
specified in Section 1 of this Agreement, the Borrower hereby represents and warrants to the Administrative Agent and each of the Lenders that: 

(a) no Default or Event of Default exists immediately before, and that no Default or Event of Default exists immediately after, giving effect
to the amendments contemplated by Section 1 of this Agreement; 
 (b) the execution, delivery and performance by the Borrower of
this Agreement have been duly authorized by all necessary corporate action on the part of the Borrower and do not and will not require any registration with, consent or approval of, or notice to or action by, any Person (including any Governmental
Authority) in order to be effective and enforceable; and 
 (c) this Agreement and the other Loan Documents constitute the legal, valid and
binding obligations of each Loan Party party hereto or thereto, as applicable, and are enforceable against each such Loan Party in accordance with their respective terms, without defense, counterclaim or offset, except as enforceability may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at
law). 
 (d) each of the representations and warranties made by each Loan Party in or pursuant to any Loan Document (i) that is
qualified by materiality is true and correct, and (ii) that is not qualified by materiality, is true and correct in all material respects, in each case, on and as of the date hereof, as if made on and as of such date, except to the extent that
any such representation and warranty expressly relates to an earlier date, in which case such representation and warranty shall have been true and correct in all material respects as of such earlier date. 

SECTION 4 Miscellaneous. 

(a) Credit Agreement Otherwise Not Affected. Except as expressly contemplated hereby, the Credit Agreement shall remain unchanged and
in full force and effect and is hereby ratified and confirmed in all respects. The Administrative Agent’s and the Lenders’ execution and delivery of, or acceptance of, this Agreement shall not be deemed to create a course of dealing or
otherwise create any express or implied duty by the Administrative Agent or any such Lender to provide any other or further amendments under the same or similar circumstances in the future. 

(b) No Reliance. The Borrower hereby acknowledges and confirms to the Administrative Agent and the Lenders that it is executing this
Agreement on the basis of its own investigation and for its own reasons without reliance upon any agreement, representation, understanding or communication by or on behalf of any other Person. 

  
 5 

 (c) Binding Effect. This Agreement shall be binding upon and inure to the benefit of the
parties hereto and to the benefit of their respective successors and assigns permitted by the terms of the Loan Documents. No third party beneficiaries are intended in connection with this Agreement. 

(d) Costs and Expenses. The Borrower hereby agrees to pay to the Administrative Agent on demand the reasonable and documented
out-of-pocket costs and expenses of the Administrative Agent, and the reasonable and documented out-of-pocket fees and disbursements of counsel to the Administrative Agent, in connection with the negotiation, preparation, execution and delivery of
this Agreement and any other documents to be delivered herewith. 
 (e) Governing Law. THIS AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. This Agreement is subject to the provisions of Section 10.13 of the Credit Agreement
relating to submission to jurisdiction and jury trial and other waivers, which provisions are by this reference incorporated herein, mutatis mutandis, as if set forth herein in full. 

(f) Complete Agreement; Amendments. This Agreement, together with the Credit Agreement and the other Loan Documents, contains the
entire and exclusive agreement of the parties hereto with reference to the matters discussed herein and therein. This Agreement supersedes all prior drafts and communications with respect hereto and may not be amended except in accordance with the
provisions of Section 10.1 of the Credit Agreement. 
 (g) Severability. Whenever possible, each provision of this Agreement
shall be interpreted in such a manner as to be effective and valid under all applicable laws and regulations. If, however, any provision of this Agreement shall be prohibited by or invalid under any such law or regulation in any jurisdiction, it
shall, as to such jurisdiction, be deemed modified to conform to the minimum requirements of such law or regulation, or, if for any reason it is not deemed so modified, it shall be ineffective and invalid only to the extent of such prohibition or
invalidity without affecting the remaining provisions of this Agreement, or the validity or effectiveness of such provision in any other jurisdiction. 

(h) Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of this Agreement by PDF, facsimile or other
electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Agreement but the failure to deliver an original executed counterpart shall not affect the validity, enforceability and binding
effect of this Agreement. 
 (i) Interpretation. This Agreement is the result of negotiations between and has been reviewed by
respective counsel to the Borrower and the Guarantors and is the product of all parties hereto. Accordingly, this Agreement shall not be construed against any party merely because of it’s involvement in the preparation hereof. 

(j) Loan Document. This Agreement shall constitute a Loan Document. 

(remainder of page intentionally left blank; signature page follows) 

  
 6 

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

			
	 SILICON VALLEY BANK,

as Administrative Agent

		
	By:		 /s/ Stephen Chang

	Name:		Stephen Chang
	Title:		Vice President
	
	 SILICON VALLEY BANK,
 as sole
Lender, Swingline Lender
 and Issuing Lender

		
	By:		 /s/ Stephen Chang

	Name:		Stephen Chang
	Title:		Vice President
	
	 BARRACUDA NETWORKS, INC.,
 a
Delaware corporation, as the Borrower

		
	By:		 /s/ David Faugno

	Name:		David Faugno
	Title:		Chief Financial Officer

  
  

Signature Page to Second Amendment Agreement 

 EXHIBIT A 

GUARANTOR ACKNOWLEDGEMENT AND CONSENT 

Each of the undersigned, each a Guarantor with respect to the Secured Obligations of the Loan Parties to the Secured Parties under the terms
of the Loan Documents, hereby: 
 (a) acknowledges and consents to the execution, delivery and performance by the Borrower of the foregoing
Second Amendment Agreement (the “Agreement”); 
 (b) represents and warrants that (i) no default exists under
the Guarantee and Collateral Agreement or any other Loan Document to which the undersigned is a party, and (ii) the execution and delivery by it of this Guarantor Acknowledgement and Consent (A) are within its corporate power,
(B) have been duly authorized by all necessary corporate action, and (C) do not require the consent, approval or authorization of any Person which has not been previously obtained; and 

(c) reaffirms and agrees that the Guarantee and Collateral Agreement as to which the undersigned is party, and all other Loan Documents and
agreements executed and delivered by the undersigned to the Administrative Agent and/or the Lenders in connection with the Guarantee and Collateral Agreement, are in full force and effect without defense, offset or counterclaim and will so continue.

 All capitalized terms used but not otherwise defined herein shall have the respective meanings assigned to such terms in the Credit
Agreement (as defined in the Agreement) or in the other “Loan Documents” defined therein, as the context may require. 
 This
Guarantor Acknowledgement and Consent shall constitute a Loan Document under the Credit Agreement. 
 IN WITNESS WHEREOF, each of the
Guarantors named below has duly executed and delivered this Guarantor Acknowledgment and Consent as of the Effective Date specified in the Agreement. 
  

			
	 BARRACUDA NETWORKS, INC.,

a Delaware corporation

		
	By:		 /s/ David Faugno

	Name:		David Faugno
	Title:		Chief Financial Officer

  
 Exhibit A to Second Amendment
AgreementEX-4.1

 Exhibit 4.1 

EXECUTION COPY 
  

 
  

					
	 		CUSIP NO.		65489TAJ8
			
					65489TAK5

 REVOLVING CREDIT AGREEMENT 

Dated as of 

January 26, 2015 

among 
 NOBLE
CORPORATION, 
 as the Company and a Borrower, 

NOBLE INTERNATIONAL FINANCE COMPANY and 

CERTAIN ADDITIONAL SUBSIDIARIES OF THE COMPANY 

as from time to time designated by the Company, 

as Designated Borrowers, 

THE LENDERS PARTIES HERETO, 

JPMORGAN CHASE BANK, N.A., 

as Administrative Agent and a Swingline Lender, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as a Swingline Lender, 

BARCLAYS BANK PLC, CITIBANK, N.A., DNB BANK ASA NEW YORK BRANCH, 

HSBC BANK USA, N.A., SUNTRUST BANK 

and WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Co-Syndication Agents, 

BNP PARIBAS, CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH 

and MIZUHO BANK, LTD, 
 as
Co-Documentation Agents, 
 THE ISSUING BANKS AND OTHER SWINGLINE LENDERS 

FROM TIME TO TIME PARTY HERETO, and 

J.P. MORGAN SECURITIES LLC, 

BARCLAYS BANK PLC, CITIGROUP GLOBAL MARKETS INC., DNB MARKETS, INC., 

HSBC SECURITIES (USA) INC., SUNTRUST ROBINSON HUMPHREY, INC., 

and WELLS FARGO SECURITIES, LLC, 

as Joint Lead Arrangers and Joint Lead Bookrunners 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 ARTICLE 1
	 	DEFINITIONS; INTERPRETATION	  	 	1	  
			
	         Section 1.1.
	 	Definitions	  	 	1	  
			
	         Section 1.2.
	 	Time of Day	  	 	25	  
			
	         Section 1.3.
	 	Accounting Terms; GAAP	  	 	25	  
			
	 ARTICLE 2
	 	THE CREDIT FACILITIES	  	 	25	  
			
	         Section 2.1.
	 	Commitments for Revolving Loans	  	 	25	  
			
	         Section 2.2.
	 	Types of Revolving Loans and Minimum Borrowing Amounts	  	 	25	  
			
	         Section 2.3.
	 	Manner of Revolving Loan Borrowings; Continuations and Conversions of Revolving Loan Borrowings	  	 	25	  
			
	         Section 2.4.
	 	Interest Periods	  	 	27	  
			
	         Section 2.5.
	 	Funding of Revolving Loans	  	 	28	  
			
	         Section 2.6.
	 	Applicable Interest Rates	  	 	29	  
			
	         Section 2.7.
	 	Default Rate	  	 	30	  
			
	         Section 2.8.
	 	Repayment of Loans; Evidence of Debt	  	 	31	  
			
	         Section 2.9.
	 	Optional Prepayments	  	 	32	  
			
	         Section 2.10.
	 	Mandatory Prepayments of Loans	  	 	33	  
			
	         Section 2.11.
	 	Breakage Fees	  	 	33	  
			
	         Section 2.12.
	 	Letters of Credit	  	 	34	  
			
	         Section 2.13.
	 	Reductions and Terminations of the Commitments and the Swingline Commitments	  	 	40	  
			
	         Section 2.14.
	 	Increase of Commitments; Additional Lenders	  	 	41	  
			
	         Section 2.15.
	 	Extensions of Commitment Termination Date	  	 	42	  
			
	         Section 2.16.
	 	Swingline Loans	  	 	43	  
			
	         Section 2.17.
	 	Designated Borrowers	  	 	44	  
			
	         Section 2.18.
	 	Defaulting Lenders	  	 	46	  
			
	 ARTICLE 3
	 	FEES AND PAYMENTS	  	 	49	  
			
	         Section 3.1.
	 	Fees	  	 	49	  
			
	         Section 3.2.
	 	Place and Application of Payments	  	 	50	  
			
	         Section 3.3.
	 	Withholding Taxes	  	 	51	  
			
	 ARTICLE 4
	 	CONDITIONS PRECEDENT	  	 	55	  
			
	         Section 4.1.
	 	Initial Credit Extensions	  	 	55	  
			
	         Section 4.2.
	 	All Credit Extensions	  	 	57	  
			
	 ARTICLE 5
	 	REPRESENTATIONS AND WARRANTIES	  	 	58	  
			
	         Section 5.1.
	 	Corporate Organization	  	 	58	  
			
	         Section 5.2.
	 	Power and Authority; Validity	  	 	58	  
			
	         Section 5.3.
	 	No Violation	  	 	58	  

					
			
	         Section 5.4.
		Litigation		59
			
	         Section 5.5.
		Use of Proceeds; Margin Regulations.		59
			
	         Section 5.6.
		Investment Company Act		59
			
	         Section 5.7.
		Anti-Corruption Laws; Sanctions Laws and Regulations		60
			
	         Section 5.8.
		True and Complete Disclosure		60
			
	         Section 5.9.
		Financial Statements		60
			
	         Section 5.10.
		No Material Adverse Change		61
			
	         Section 5.11.
		Taxes		61
			
	         Section 5.12.
		Consents		61
			
	         Section 5.13.
		Insurance		61
			
	         Section 5.14.
		Intellectual Property		62
			
	         Section 5.15.
		Ownership of Property		62
			
	         Section 5.16.
		Existing Indebtedness		62
			
	         Section 5.17.
		Existing Liens		62
			
	 ARTICLE 6
		COVENANTS		62
			
	         Section 6.1.
		Corporate Existence		62
			
	         Section 6.2.
		Maintenance		63
			
	         Section 6.3.
		Taxes		63
			
	         Section 6.4.
		ERISA		63
			
	         Section 6.5.
		Insurance		64
			
	         Section 6.6.
		Financial Reports and Other Information.		64
			
	         Section 6.7.
		Lender Inspection Rights		66
			
	         Section 6.8.
		Conduct of Business		67
			
	         Section 6.9.
		Restrictions on Fundamental Changes		67
			
	         Section 6.10.
		Liens		67
			
	         Section 6.11.
		Subsidiary Indebtedness		70
			
	         Section 6.12.
		Use of Property and Facilities; Environmental Laws		71
			
	         Section 6.13.
		Transactions with Controlling Affiliates		71
			
	         Section 6.14.
		Sale and Leaseback Transactions		72
			
	         Section 6.15.
		Compliance with Laws		72
			
	         Section 6.16.
		Consolidated Indebtedness to Total Tangible Capitalization Ratio		72
			
	         Section 6.17.
		Use of Proceeds		72
			
	 ARTICLE 7
		EVENTS OF DEFAULT AND REMEDIES		72
			
	         Section 7.1.
		Events of Default		72
			
	         Section 7.2.
		Non-Bankruptcy Defaults		74
			
	         Section 7.3.
		Bankruptcy Defaults		75
			
	         Section 7.4.
		Collateral Account		75
			
	         Section 7.5.
		Notice of Default		76

  
 -ii- 

									
				
			Section 7.6.		Expenses		 	76	  
				
			Section 7.7.		Distribution and Application of Proceeds		 	76	  
			
	 ARTICLE 8
		CHANGE IN CIRCUMSTANCES		 	78	  
				
			Section 8.1.		Change in Law.		 	78	  
				
			Section 8.2.		Unavailability of Deposits or Inability to Ascertain LIBOR Rate		 	78	  
				
			Section 8.3.		Increased Cost and Reduced Return.		 	79	  
				
			Section 8.4.		Lending Offices		 	81	  
				
			Section 8.5.		Discretion of Lender as to Manner of Funding		 	81	  
				
			Section 8.6.		Substitution of Lender or Issuing Bank		 	81	  
			
	 ARTICLE 9
		THE ADMINISTRATIVE AGENT; ISSUING BANKS; RELEASE OF GUARANTIES		 	82	  
				
			Section 9.1.		Appointment and Authorization of Administrative Agent		 	82	  
				
			Section 9.2.		Rights and Powers		 	82	  
				
			Section 9.3.		Action by Administrative Agent		 	83	  
				
			Section 9.4.		Consultation with Experts		 	83	  
				
			Section 9.5.		Indemnification Provisions; Credit Decision		 	83	  
				
			Section 9.6.		Indemnity		 	84	  
				
			Section 9.7.		Resignation		 	85	  
				
			Section 9.8.		Release of Guaranties		 	86	  
			
	 ARTICLE 10
		MISCELLANEOUS		 	86	  
				
			Section 10.1.		No Waiver		 	86	  
				
			Section 10.2.		Non-Business Day		 	87	  
				
			Section 10.3.		Documentary Taxes		 	87	  
				
			Section 10.4.		Survival of Representations		 	87	  
				
			Section 10.5.		Survival of Indemnities		 	87	  
				
			Section 10.6.		Setoff		 	87	  
				
			Section 10.7.		Notices		 	88	  
				
			Section 10.8.		Counterparts		 	91	  
				
			Section 10.9.		Successors and Assigns		 	92	  
				
			Section 10.10.		Participations in Borrowings and Notes; Sales and Transfers of Borrowing and Notes		 	92	  
				
			Section 10.11.		Amendments, Waivers and Consents		 	96	  
				
			Section 10.12.		Headings		 	97	  
				
			Section 10.13.		Legal Fees, Other Costs and Indemnification		 	97	  
				
			Section 10.14.		Governing Law; Submission to Jurisdiction; Waiver of Jury Trial		 	99	  
				
			Section 10.15.		Confidentiality		 	100	  
				
			Section 10.16.		Effectiveness		 	101	  
				
			Section 10.17.		Severability		 	101	  
				
			Section 10.18.		Currency Conversion		 	101	  

  
 -iii- 

					
			
	         Section 10.19.
		Exchange Rates		102
			
	         Section 10.20.
		Change in Accounting Principles, Fiscal Year or Tax Laws		103
			
	         Section 10.21.
		Final Agreement		103
			
	         Section 10.22.
		Officer’s Certificates		103
			
	         Section 10.23.
		Effect of Inclusion of Exceptions		104
			
	         Section 10.24.
		Margin Stock		104
			
	         Section 10.25.
		Patriot Act Notice		104
			
	         Section 10.26.
		No Advisory or Fiduciary Responsibility		104

  

			
		
	 Exhibits:
		
		
	 Exhibit 2.3
		- Form of Borrowing Request
		
	 Exhibit 2.8A
		- Form of Revolving Note
		
	 Exhibit 2.8B
		- Form of Swingline Note
		
	 Exhibit 2.14C
		- Form of Commitment Increase Agreement
		
	 Exhibit 2.16
		- Form of Swingline Request
		
	 Exhibit 2.17A
		- Form of Designated Borrower Request and Assumption Agreement
		
	 Exhibit 2.17B
		- Form of Designated Borrower Notice
		
	 Exhibit 3.3
		- Form of Tax Certificates
		
	 Exhibit 6.6
		- Form of Compliance Certificate
		
	 Exhibit 10.10
		- Form of Assignment Agreement
		
	 Schedules:
		
		
	 Schedule 1A
		- Commitment Schedule
		
	 Schedule 1B
		- Swingline Commitment Schedule
		
	 Schedule 2.12
		- Maximum LC Issuance Amounts
		
	 Schedule 5.16
		- Existing Indebtedness
		
	Schedule 5.17		- Existing Liens

  
 -iv- 

 REVOLVING CREDIT AGREEMENT 

THIS REVOLVING CREDIT AGREEMENT, dated as of January 26, 2015, is by and among NOBLE CORPORATION, a Cayman Islands exempted
company limited by shares (the “Company”), as a Borrower, NOBLE INTERNATIONAL FINANCE COMPANY, a Cayman Islands exempted company limited by shares and a wholly-owned direct or indirect Subsidiary of the Company
(“NIFCO”), as a Designated Borrower, each other Designated Borrower from time to time party hereto, the lenders from time to time parties hereto (each a “Lender” and, collectively, the “Lenders” but
those terms shall not include any Swingline Lender in its capacity as a Swingline Lender), JPMORGAN CHASE BANK, N.A., WELLS FARGO BANK, NATIONAL ASSOCIATION and any other Lender that agrees (in its sole discretion at the request of the Company) to
make Swingline Loans hereunder, as swingline lenders (in such capacity, each a “Swingline Lender”), JPMORGAN CHASE BANK, N.A., as Administrative Agent for the Lenders, BARCLAYS BANK PLC, CITIBANK, N.A., DNB BANK ASA NEW YORK BRANCH,
HSBC BANK USA, N.A., SUNTRUST BANK and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Co-Syndication Agents for the Lenders, and BNP PARIBAS, CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH and MIZUHO BANK, LTD, as Co-Documentation Agents for the Lenders, and
any Lender or Affiliate of a Lender (in its sole discretion at the request of the Company) that agrees to issue Letters of Credit hereunder (in such capacity, each an “Issuing Bank”). 

WITNESSETH: 
 WHEREAS, the
Company has requested that the Lenders establish a revolving credit facility in the initial aggregate principal amount of U.S. $2,445,000,000 (as such amount may increase or decrease in accordance with the terms hereof), pursuant to which facility
revolving loans would be made to the Company and the other Borrowers from time to time, and letters of credit would be issued for the account of the Company and its Subsidiaries from time to time; 

WHEREAS, the Company has further requested that a portion of such letters of credit be issued in certain currencies other than U.S. dollars;
and 
 WHEREAS, the Lenders are willing to make such revolving credit facility available to the Borrowers on the terms and subject to the
conditions and requirements hereinafter set forth; 
 NOW, THEREFORE, in consideration of the premises and of the mutual covenants herein
contained, the parties hereto agree as follows: 
 ARTICLE 1 

DEFINITIONS; INTERPRETATION 

Section 1.1. Definitions . Unless otherwise defined herein, the following terms shall have the following meanings, which meanings shall
be equally applicable to both the singular and plural forms of such terms: 
 “Additional Lender” shall have the
meaning set forth in Section 2.14(b). 

 “Adjusted LIBOR” means, for any Borrowing of Eurodollar Loans for any Interest
Period, a rate per annum determined in accordance with the following formula: 
  

					
	Adjusted LIBOR	  	=	  	LIBOR Rate for such Interest Period
		  		  	 1.00 - Statutory Reserve Rate

 “Administrative Agent” means JPMorgan Chase Bank, N.A., acting in its capacity as
administrative agent for the Lenders, and any successor Administrative Agent appointed hereunder pursuant to Section 9.7. 

“Administrative Agent’s Account” means (a) in the case of Loans and Letters of Credit denominated in U.S. Dollars,
the account of the Administrative Agent designated in writing from time to time by the Administrative Agent to the Company and the Lenders for such purpose and (b) in the case of Letters of Credit denominated in any other currency, the account
of the Administrative Agent designated in writing from time to time by the Administrative Agent to the Company and the Lenders for such purpose. 

“Administrative Questionnaire” means, with respect to each Lender, an administrative questionnaire in the form prepared by
the Administrative Agent and submitted to the Administrative Agent duly completed by such Lender.  
 “Affiliate”
means, with respect to any Person, any other Person that, directly or indirectly, controls, is controlled by or is under direct or indirect common control with, such Person. For the purposes of this definition, “control” (including, with
correlative meanings, the terms “controlling” and “controlled”), when used with respect to any Person, means the power, directly or indirectly, to direct or cause the direction of management or policies of a Person (through the
ownership of voting securities, other equity interests, by contract or otherwise). 
 “Agreement” means this
Revolving Credit Agreement, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Company or its
Subsidiaries from time to time concerning or relating to bribery or corruption.  
 “Applicable Facility Fee Rate”
means, for any day, at such times as a rating (either express or implied) by S&P, Moody’s or Fitch is in effect on the Company’s non-credit enhanced senior unsecured long-term debt, the percentage per annum set forth opposite such debt
rating: 

  
 2 

					
	 Debt Rating (S&P and Fitch/Moody’s)
	  	 Percentage
	 
	 A-/A3 or above
	  	 	0.100	% 
	 BBB+/Baa1
	  	 	0.125	% 
	 BBB/Baa2
	  	 	0.150	% 
	 BBB-/Baa3
	  	 	0.225	% 
	 BB+/Ba1
	  	 	0.275	% 
	 BB/Ba2 or below
	  	 	0.350	% 

 The Applicable Facility Fee Rate will be determined based upon the two highest ratings issued by S&P,
Moody’s and Fitch. If such two highest ratings differ (i) by one rating, the higher of such two highest ratings will apply to determine the Applicable Facility Fee Rate so long as the higher rating is from either S&P or Moody’s,
otherwise the lower of such two highest ratings will apply, (ii) by two ratings, the rating which falls between such two highest ratings will apply to determine the Applicable Facility Fee Rate, or (iii) by more than two ratings, the
rating which is one level above the lower of such two highest ratings will apply to determine the Applicable Facility Fee Rate. If only one such rating is issued by S&P, Moody’s or Fitch, the Applicable Facility Fee Rate will be determined
by such rating. The Company shall give written notice to the Administrative Agent of any changes to such ratings, within three (3) Business Days thereof, and any change to the Applicable Facility Fee Rate shall be effective on the date of the
relevant change. Notwithstanding the foregoing, if the Company shall at any time fail to have in effect at least one such rating on the Company’s non-credit enhanced senior unsecured long-term debt, the Company shall seek and obtain (if not
already in effect), within thirty (30) days after such rating first ceases to be in effect, a corporate credit rating or a bank loan rating from Fitch, Moody’s and/or S&P (or if none of Fitch, Moody’s and S&P issue such types
of ratings or ratings comparable thereto, from another nationally recognized rating agency approved by each of the Company and the Administrative Agent), and the Applicable Facility Fee Rate shall thereafter be based on such ratings in the same
manner as provided herein with respect to the Company’s non-credit enhanced senior unsecured long-term debt rating (with the Applicable Facility Fee Rate in effect prior to the issuance of such corporate credit rating or bank loan rating being
the same as the Applicable Facility Fee Rate in effect at the time the non-credit enhanced senior unsecured long-term debt rating ceases to be in effect). 

“Applicable Margin” means, for any day, at such times as a rating (either express or implied) by S&P, Moody’s or
Fitch is in effect on the Company’s non-credit enhanced senior unsecured long-term debt, the percentage per annum set forth opposite such debt rating: 

  
 3 

									
	 	  	 Percentage
	 
	 Debt Rating (S&P and Fitch/Moody’s)
	  	Base Rate	 	 	LIBOR Rate and
Letter of Credit Fee Rate	 
	 A-/A3 or above
	  	 	0.000	% 	 	 	0.900	% 
	 BBB+/Baa1
	  	 	0.000	% 	 	 	1.000	% 
	 BBB/Baa2
	  	 	0.100	% 	 	 	1.100	% 
	 BBB-/Baa3
	  	 	0.275	% 	 	 	1.275	% 
	 BB+/Ba1
	  	 	0.475	% 	 	 	1.475	% 
	 BB/Ba2 or below
	  	 	0.650	% 	 	 	1.650	% 

 The Applicable Margin will be determined based upon the two highest ratings issued by S&P, Moody’s
and Fitch. If such two highest ratings differ (i) by one rating, the higher of such two highest ratings will apply to determine the Applicable Margin so long as the higher rating is from either S&P or Moody’s, otherwise the lower of
such two highest ratings will apply, (ii) by two ratings, the rating which falls between such two highest ratings will apply to determine the Applicable Margin, or (iii) by more than two ratings, the rating which is one level above the
lower of such two highest ratings will apply to determine the Applicable Margin. If only one such rating is issued by S&P, Moody’s or Fitch, the Applicable Margin will be determined by such rating. The Company shall give written notice to
the Administrative Agent of any changes to such ratings, within three (3) Business Days thereof, and any change to the Applicable Margin shall be effective on the date of the relevant change. Notwithstanding the foregoing, if the Company shall
at any time fail to have in effect any such rating on the Company’s non-credit enhanced senior unsecured long-term debt, the Company shall seek and obtain (if not already in effect), within thirty (30) days after such rating first ceases
to be in effect, a corporate credit rating or a bank loan rating from Fitch, Moody’s and/or S&P (or if none of Fitch, Moody’s and S&P issue such types of ratings or ratings comparable thereto, from another nationally recognized
rating agency approved by each of the Company and the Administrative Agent), and the Applicable Margin shall thereafter be based on such ratings in the same manner as provided herein with respect to the Company’s non-credit enhanced senior
unsecured long-term debt rating (with the Applicable Margin in effect prior to the issuance of such corporate credit rating or bank loan rating being the same as the Applicable Margin in effect at the time the non-credit enhanced senior unsecured
long-term debt rating ceases to be in effect). 
 “Application” has the meaning set forth in Section 2.12(b)(i).

 “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; “Fund” as used above means any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise
investing in commercial loans and similar extensions of credit in the ordinary course of its business. 
 “Assignment
Agreement” means an agreement in substantially the form of Exhibit 10.10 whereby a Lender conveys part or all of its Commitment, Loans and participations in Letters of Credit to another Person that is, or thereupon becomes, a Lender,
or increases its Commitments, outstanding Loans and outstanding participations in Letters of Credit, pursuant to Section 10.10. 

  
 4 

 “Australian Dollars” means the lawful currency of Australia.  

“Base Rate” means for any day, a rate per annum equal to the greatest of: 

(i) the per annum fluctuating commercial loan rate announced by the Administrative Agent from time to time at its New York, New York office
(or other corresponding office, in the case of any successor Administrative Agent) as its prime rate or base rate for U.S. Dollar loans in the United States of America in effect on such day (which base rate may not be the lowest rate charged by
such Lender on loans to any of its customers), with any change in the Base Rate resulting from a change in such announced rate to be effective on the date of the relevant change; 

(ii) the sum of (x) the rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members
of the Federal Reserve System arranged by federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the next Business Day, provided that (A) if such day is not a Business Day, the rate on such transactions on
the immediately preceding Business Day as so published on the next Business Day shall apply, and (B) if no such rate is published on such next Business Day, the rate for such day shall be the average of the offered rates quoted to the
Administrative Agent by two (2) federal funds brokers of recognized standing on such day for such transactions as selected by the Administrative Agent, plus (y) a percentage per annum equal to one-half of one percent ( 1⁄2%) per annum; and 
 (iii) a rate per annum
equal to the sum of (x) the LIBOR Market Index Rate plus (y) one percent (1%) per annum. 
 “Base Rate Loan”
means a Revolving Loan bearing interest prior to maturity at the rate specified in Section 2.6(a). 
 “Borrower”
means the Company and each Designated Borrower, and “Borrowers” means, collectively, the Company and the Designated Borrowers. 

“Borrowing” means Revolving Loans of the same Type made, converted or continued on the same date and, in respect of
Eurodollar Loans, having a single Interest Period. A Borrowing is “advanced” on the day the Lenders advance their respective Revolving Loans comprising such Borrowing to a Borrower, is “continued” (in the case of Eurodollar
Loans) on the date a new Interest Period commences for such Borrowing, and is “converted” (in the case of Eurodollar Loans or Base Rate Loans) when such Borrowing is changed from one Type of Revolving Loan to the other, all as requested by
the applicable Borrower pursuant to Section 2.3. 
 “Borrowing Multiple” means, for any Loan, $100,000. 

“Borrowing Request” means a request for an advance, a continuation, or a conversion of a Borrowing pursuant to
Section 2.3(a) or (b), as applicable, which, if in writing, shall be substantially in the form of Exhibit 2.3 or otherwise include the information requested in such form. 

  
 5 

 “Brazilian Real” means the lawful currency of Brazil. 

“Business Day” means any day other than a Saturday or Sunday on which banks are not authorized or required to close in New
York, New York and, if the applicable Business Day relates to the advance or continuation of, conversion into, or payment on a Eurodollar Borrowing, any day on which banks are dealing in Dollar deposits in the interbank eurodollar market in London,
England. 
 “Calculation Date” means (a) each of the following: (i) each date of the issuance of a Letter
of Credit denominated in a currency other than Dollars, (ii) each date of an amendment of any such Letter of Credit denominated in a currency other than Dollars having the effect of increasing the amount thereof (solely with respect to the
increased amount), (iii) each date of any payment by the applicable Issuing Bank under any Letter of Credit denominated in a currency other than Dollars, and (b) the last Business Day of each calendar quarter. 

“Canadian Dollars” means the lawful currency of Canada. 

“Capitalized Lease Obligations” means, for any Person, the aggregate amount of such Person’s liabilities under all
leases of real or personal property (or any interest therein) which is required to be capitalized on the balance sheet of such Person as determined in accordance with GAAP. Notwithstanding anything to the contrary in this Agreement or any other
Credit Document, for purposes of calculating Capitalized Lease Obligations pursuant to the terms of this Agreement or any other Credit Document, GAAP will be deemed to treat leases that would have been classified as operating leases in accordance
with generally accepted accounting principles in the United States of America as in effect on December 31, 2014 in a manner consistent with the treatment of such leases under generally accepted accounting principles in the United States of
America as in effect on December 31, 2014, notwithstanding any modifications or interpretive changes thereto that may occur thereafter. 

“Cash Collateral” means all cash and Cash Equivalents (i) of the Company or (ii) which has been provided by any
Defaulting Lender, in which the Administrative Agent is granted a Lien for the benefit of the Lenders, the Issuing Banks, the Swingline Lenders and the Administrative Agent, under the terms of Section 7.4 or Section 2.18. 

“Cash Equivalents” means (i) securities issued or directly and fully guaranteed or insured by the United States of
America or any agency or instrumentality thereof having maturities of not more than twelve (12) months from the date of acquisition, (ii) time deposits and certificates of deposits maturing within one year from the date of acquisition
thereof or repurchase agreements with any Lender or any other financial institution whose short-term unsecured debt rating is A or above as obtained from either S&P or Moody’s, (iii) commercial paper or Eurocommercial paper with a
rating of at least A-1 by S&P or at least P-1 by Moody’s, with maturities of not more than twelve (12) months from the date of acquisition, (iv) repurchase obligations entered into with any Lender, or any other Person whose
short-term senior unsecured debt rating from S&P is at least A-1 or from Moody’s is at least P-1, which are secured by a fully  

  
 6 

 
perfected security interest in any obligation of the type described in (i) above and has a market value of the time such repurchase is entered into of not less than 100% of the repurchase
obligation of such Lender or such other Person thereunder, (v) marketable direct obligations issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof maturing
within twelve (12) months from the date of acquisition thereof or providing for the resetting of the interest rate applicable thereto not less often than annually and, at the time of acquisition, having one of the two highest ratings obtainable
from either S&P or Moody’s, and (vi) money market funds which have at least $1,000,000,000 in assets and which invest primarily in securities of the types described in clauses (i) through (v) above. 

“Change in Law” means the occurrence, on or after the date hereof (or, if later, on or after the date the Administrative
Agent or any Lender becomes the Administrative Agent or a Lender), of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the
administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental
Authority; provided that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith
and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory
authorities, in each case, pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 

“Co-Arrangers” means, collectively, J.P. Morgan Securities LLC, Barclays Bank PLC, Citigroup Global Markets Inc., DNB
Markets, Inc., HSBC Securities (USA), Inc., SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC, as joint lead arrangers and joint lead bookrunners, acting in their capacities as joint lead arrangers and joint lead bookrunners;
provided, however, that no such Co-Arrangers shall have any duties, responsibilities, or obligations hereunder in such capacity. 

“Co-Borrower Cross-Guaranty” means the Co-Borrower Cross-Guaranty of even date herewith (or such other Co-Borrower
Cross-Guaranty substantially in such form) by the Borrowers from time to time party thereto, as amended, restated, supplemented or otherwise modified from time to time. 

“Co-Documentation Agents” means, collectively, BNP Paribas, Credit Suisse AG, Cayman Islands Branch and Mizuho Bank, Ltd, in
their capacities as co-documentation agents, and any successor Co-Documentation Agents appointed pursuant to Section 9.7; provided, however, as provided in Section 9.3, no such Co-Documentation Agent shall have any duties,
responsibilities, or obligations hereunder in such capacity. 
 “Co-Syndication Agents” means Barclays Bank PLC,
Citibank, N.A., DNB Bank ASA New York Branch, HSBC Bank USA, N.A., SunTrust Bank and Wells Fargo Bank, National Association, in their capacities as co-syndication agents, and any successor Co-Syndication 

  
 7 

 
Agents appointed hereunder pursuant to Section 9.7; provided, however, as provided in Section 9.3, no such Co-Syndication Agent shall have any duties, responsibilities, or
obligations hereunder in such capacity. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Collateral Account” has the meaning set forth in Section 7.4(b). 

“Collateralized Obligations” has the meaning set forth in Section 7.4(b). 

“Commitment” means, with respect to any Lender, such Lender’s obligations to make Revolving Loans and participate in
Letters of Credit and Swingline Loans pursuant to Sections 2.1, 2.12 and 2.17, respectively, initially in the amount and percentage set forth opposite such Lender’s name on Schedule 1A attached hereto or later set forth on any updated
version of Schedule 1A, any Assignment Agreement pursuant to Section 10.10 or any amendment or supplement hereto, as such obligations may be reduced or increased from time to time as expressly provided pursuant to this Agreement. For
avoidance of doubt, “Commitment” does not include any Swingline Commitment. 
 “Commitment Increase
Agreement” means an agreement in substantially the form of Exhibit 2.14C signed by the Company, by each Additional Lender and by each other Lender whose Commitment is to be increased, setting forth the new Commitments of such Lenders
and setting forth the agreement of each Additional Lender to become a party to this Agreement and to be bound by all the terms and provisions hereof. 

“Commitment Termination Date” means the earliest of (i) the fifth anniversary of the Effective Date, subject to the
extension thereof pursuant to Section 2.15, (ii) the date on which the Commitments are terminated in full or reduced to zero pursuant to Section 2.13, and (iii) the occurrence of any Event of Default described in
Section 7.1(f) or (g) with respect to any Credit Party or the occurrence and continuance of any other Event of Default and either (x) the declaration of the Loans to be due and payable pursuant to Section 7.2, or (y) in the
absence of such declaration, the giving of written notice by the Administrative Agent, acting at the direction of the Required Lenders, to the Company pursuant to Section 7.2 that the Commitments have been terminated; provided, however,
that the Commitment Termination Date of any Lender that is a Declining Lender with respect to any requested extension pursuant to Section 2.15 shall be the earlier of (x) the Commitment Termination Date in effect immediately prior to such
extension and (y) (i) the date on which the Commitments are terminated in full or reduced to zero pursuant to Section 2.13, and (ii) the occurrence of any Event of Default described in Section 7.1(f) or (g) with respect
to any Credit Party or the occurrence and continuance of any other Event of Default and either (A) the declaration of the Loans to be due and payable pursuant to Section 7.2, or (B) in the absence of such declaration, the giving of
written notice by the Administrative Agent, acting at the direction of the Required Lenders, to the Company pursuant to Section 7.2 that the Commitments have been terminated.  

“Company” has the meaning specified in the first paragraph hereof.  

“Compliance Certificate” means a certificate in the form of Exhibit 6.6. 

  
 8 

 “Consolidated Indebtedness” means all Indebtedness of the Company and its
Subsidiaries that would be reflected on a consolidated balance sheet of such Persons prepared in accordance with GAAP. 

“Consolidated Indebtedness to Total Tangible Capitalization Ratio” means, at any time, the ratio of Consolidated Indebtedness
at such time to Total Tangible Capitalization at such time. 
 “Consolidated Net Assets” means, as of any date of
determination, an amount equal to the aggregate book value of the assets of the Company, its Subsidiaries and, to the extent of the equity interest of the Company and its Subsidiaries therein, SPVs at such time, minus the current liabilities
of the Company and its Subsidiaries, all as determined on a consolidated basis in accordance with GAAP based on the most recent quarterly or annual consolidated financial statements of the Company referred to in Section 5.9 or delivered (or
publicly filed) as provided in Section 6.6(a), as the case may be. 
 “Consolidated Tangible Net Worth” means,
as of any date of determination, consolidated total equity of the Company and its Subsidiaries determined in accordance with GAAP but excluding the effect on shareholders equity of cumulative foreign exchange translation adjustments, and
less the net book amount of all assets of the Company and its Subsidiaries that would be classified as intangible assets on the consolidated balance sheet of the Company as of such date prepared in accordance with GAAP. For purposes of
this definition, SPVs shall be accounted for pursuant to the equity method of accounting. 
 “Controlling Affiliate”
means, any Person that directly or indirectly through one or more intermediaries controls, or is under common control with, the Company (other than Persons controlled by the Company). As used in this definition, “control” means the
power, directly or indirectly, to direct or cause the direction of management or policies of a Person (through ownership of voting securities or other equity interests, by contract or otherwise). 

“Credit Documents” means this Agreement, the Notes, the Applications, the Letters of Credit, Borrowing Requests, Swingline
Requests, any Co-Borrower Cross-Guaranty, any Subsidiary Guaranty and any Designated Borrower Request and Assumption Agreement. 

“Credit Party” means each of the Company, each Designated Borrower from time to time and each Guarantor from time to time.

 “Currency Rate Protection Agreement” shall mean any foreign currency exchange and future agreements, arrangements
and options designed to protect against fluctuations in currency exchange rates, regardless of whether such agreements are subject to hedge accounting. 

“Declining Lender” shall have the meaning set forth in Section 2.15. 

“Default” means any event or condition the occurrence of which would, with the passage of time or the giving of notice, or
both, constitute an Event of Default. 
 “Defaulting Lender” means, subject to Section 2.18(b), any Lender that
(a) has failed to (i) perform any of its funding obligations hereunder, including in respect of its Loans or  

  
 9 

 
participations in respect of Letters of Credit or Swingline Loans, within two Business Days of the date required to be funded by it hereunder, unless such Lender notifies the Administrative Agent
and the Borrowers in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically
identified in such writing) has not been satisfied or (ii) pay to the Administrative Agent, any Issuing Bank, any Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its
participation in Letters of Credit or Swingline Loans) within two Business Days of the date when due, (b) has notified any Borrower, or the Administrative Agent that it does not intend to comply with its funding obligations or has made a public
statement to that effect with respect to its funding obligations hereunder or under other agreements generally in which it commits to extend credit (unless such writing or public statement relates to such Lender’s obligation to fund a Loan
hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public
statement) cannot be satisfied), (c) has failed, within three Business Days after request by the Administrative Agent, to confirm in writing that it will comply with its funding obligations (provided that such Lender shall cease to be a
Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a
proceeding under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or
liquidation of its business or a custodian appointed for it, or (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment; provided that a Lender shall not be
a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide
such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or
disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent
manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.18(b)) upon delivery of written notice of such determination to the Borrower, each Issuing Bank, each Swingline Lender and each Lender. 

“Designated Borrowers” means (i) NIFCO and (ii) following such designation as a Designated Borrower pursuant to
Section 2.17, any other wholly-owned foreign Subsidiary of the Company as may be designated by the Company and reasonably acceptable to the Administrative Agent, in each case until such time as terminated as such pursuant to the terms hereof.
 
 “Designated Borrower Notice” has the meaning specified in Section 2.17(c). 

“Designated Borrower Request and Assumption Agreement” has the meaning specified in Section 2.17(a). 

  
 10 

 “Designated Persons” means a person or entity: (i) listed in the annex to,
or otherwise the subject of the provisions of, any executive order administered by OFAC or the U.S. Department of State or (ii) named as a “Specially Designated National and Blocked Person” or a “Foreign Sanctions Evaders”
on the most current list published by OFAC at its official website or any replacement website or other replacement official publication of such list; or is otherwise the subject of any Sanctions Laws and Regulations. 

“Dollar” and “U.S. Dollar” and the sign “$” mean lawful money of the United States of
America. 
 “Dollar Equivalent” means, on any date of determination (i) with respect to any amount in Dollars,
such amount, and (ii) with respect to any amount in any currency other than U.S. Dollars, the equivalent in Dollars of such amount, determined by the Administrative Agent using the applicable Exchange Rate with respect to such currency at the
time in effect pursuant to Section 10.19 or as otherwise expressly provided herein. 
 “Effective Date” means
the date this Agreement shall become effective as defined in Section 10.16. 
 “EMU Legislation” means the
legislative measures of the European Union for the introduction of, changeover to or operation of the Euro in one or more member states. 

“Environmental Claims” means any and all claims, liens, notices of non-compliance or violation, investigations or proceedings
relating to any Environmental Law (“Claims”) or to any permit issued under any Environmental Law, including, without limitation, (i) any and all Claims by governmental or regulatory authorities for enforcement, cleanup,
removal, response, remedial or other actions or damages pursuant to any applicable Environmental Law, and (ii) any and all Claims by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive
relief resulting from a release of or exposure to Hazardous Materials or arising from alleged injury or threat of injury to the environment. 

“Environmental Law” means any federal, state or local statute, law, rule, regulation, ordinance, code or rule of common law
now or hereafter in effect, including any judicial or administrative order, consent, decree or judgment, relating to the environment. 

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

“ERISA Affiliate” means each trade or business (whether or not incorporated) which together with the Company would (at any
relevant time) be deemed to be a “single employer” within the meaning of section 4001(b)(1) of ERISA or subsections (b) or (c) of section 414 of the Code (or subsections (m) or (o) of section 414 of the Code for
purposes of provisions relating to section 412, 430 or 436 of the Code). 
 “Euro” or “E” means the
single currency of the European Union as constituted by the Treaty on European Union and as referred to in the EMU Legislation for the introduction of, changeover to or operation of the Euro in one or more member states. 

  
 11 

 “Eurodollar”, when used in reference to any Revolving Loan or Borrowing, means
that such Revolving Loan, or the Revolving Loans comprising such Borrowing, shall bear interest at a rate determined by reference to Adjusted LIBOR and the Applicable Margin. 

“Eurodollar Loan” means a Revolving Loan bearing interest before maturity at the rate specified in Section 2.6(b).

 “Event of Default” means any of the events or circumstances specified in Section 7.1.  

“Exchange Act” means the United States Securities Exchange Act of 1934, as amended. 

“Exchange Rate” means at any time, with respect to any Specified Currency, the rate at which such currency may be exchanged
into Dollars, as set forth at approximately 11:00 a.m. on such day on the applicable page of the Bloomberg Service reporting the exchange rates for such currency. In the event such exchange rate does not appear on the applicable page of such
service, the Exchange Rate shall, with respect to each Letter of Credit issued in such Specified Currency, be determined by reference to such other publicly available services for displaying currency exchange rates as may be agreed upon by the
Issuing Bank thereof and the Company, or, in the absence of such agreement, such Exchange Rate shall instead be determined by such Issuing Bank based on current market spot rates in accordance with the provisions of Section 10.19;
provided that if at the time of any such determination, for any reason, no such spot rate is being quoted, such Issuing Bank, after consultation with the Company, may use any reasonable method it deems appropriate to determine such rate, and
such determination shall be prima facie evidence thereof. 
 “Existing Facilities” means the credit facilities of
the Company established pursuant to (i) those certain Revolving Credit Agreements dated February 11, 2011 and June 8, 2012, respectively, among the Company, Wells Fargo Bank, National Association, as administrative agent, and the
lenders named therein, and (ii) that certain 364-Day Revolving Credit Agreement dated August 22, 2013 among the Company, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto, each as amended, restated,
supplemented or otherwise modified prior to the Effective Date. 
 “Extending Lender” shall have the meaning set
forth in Section 2.15. 
 “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or
any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b)(1)
of the Code, any intergovernmental agreement entered into in connection with such sections of the Code and any legislation, law, regulation or practice enacted or promulgated pursuant to such intergovernmental agreement. 

“Facility Performance Letter of Credit” means any Letter of Credit which represents an irrevocable obligation to the
beneficiary on the part of the applicable Issuing Bank to make payment on account of any default by the account party in the performance of a non-financial or commercial obligation, including, without limitation, any Letters of Credit issued
(a) as support  

  
 12 

 
for Guaranties of performance (and not financial Guaranties) of the Company or any of its Subsidiaries delivered in connection with the construction, operation, importation or ownership of drill
ships, offshore mobile drilling units or offshore drilling rigs or other related equipment or assets or (b) for the benefit of local customs or similar Governmental Authorities in respect of performance obligations under temporary import duty
laws. 
 “Facility Termination” means such time as when (a) all Commitments and Swingline Commitments, and all
obligations of the Issuing Banks to issue any Letters of Credit, have terminated or expired, (b) all Obligations have been paid in full (other than any indemnification and other contingent obligations not then due and payable and as to which no
claim has been made at such time) and (c) all Letters of Credit have terminated or expired (other than those which have been cash collateralized in accordance with the terms of this Agreement or other arrangements with respect thereto
satisfactory to the applicable Issuing Bank in such Issuing Bank’s sole discretion have been made). 
 “Fitch”
means Fitch, Inc. or any successor thereto. 
 “Foreign Plan” means any pension, profit sharing, deferred
compensation, or other employee benefit plan, program or arrangement maintained by any foreign Subsidiary of the Company which, under applicable local law, is required to be funded through a trust or other funding vehicle, but shall not include any
benefit provided by a foreign government or its agencies.  
 “Fronting Exposure” means, at any time there is a
Defaulting Lender, an amount (if any) equal to (a) with respect to Letters of Credit, such Defaulting Lender’s Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation
obligation therein has been reallocated to other Lenders or secured by Cash Collateral in accordance with the terms hereof (or as to which other arrangements satisfactory to the applicable Issuing Bank in such Issuing Bank’s sole discretion
have been made), and (b) with respect to the Swingline Loans, such Defaulting Lender’s Percentage of the outstanding Swingline Exposure other than Swingline Exposure as to which such Defaulting Lender’s participation obligation
therein has been reallocated to other Lenders or secured by Cash Collateral in accordance with the terms hereof. 

“GAAP” means generally accepted accounting principles from time to time in effect as set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and the statements and pronouncements of the Financial Accounting Standards Board or in such other statements, opinions and pronouncements by
such other entity as may be approved by a significant segment of the U.S. accounting profession. 
 “Governmental
Authority” means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

  
 13 

 “Guarantor” means any Subsidiary of the Company that has executed and delivered
the Subsidiary Guaranty, unless and until released therefrom pursuant to the terms hereof. As of the Effective Date, the Guarantors are NHC and NHIL. 

“Guaranty” by any Person means all contractual obligations (other than endorsements in the ordinary course of business of
negotiable instruments for deposit or collection or similar transactions in the ordinary course of business) of such Person guaranteeing any Indebtedness of any other Person (the “primary obligor”) in any manner, whether directly or
indirectly, including, without limitation, all obligations incurred through an agreement, contingent or otherwise, by such Person: (i) to purchase such Indebtedness or to purchase any property or assets constituting security therefor, primarily
for the purpose of assuring the owner of such Indebtedness of the ability of the primary obligor to make payment of such Indebtedness; or (ii) to advance or supply funds (x) for the purchase or payment of such Indebtedness, or (y) to
maintain working capital or other balance sheet condition, or otherwise to advance or make available funds for the purchase or payment of such Indebtedness, in each case primarily for the purpose of assuring the owner of such Indebtedness of the
ability of the primary obligor to make payment of such Indebtedness; or (iii) to lease property, or to purchase securities or other property or services, of the primary obligor, primarily for the purpose of assuring the owner of such
Indebtedness of the ability of the primary obligor to make payment of such Indebtedness; or (iv) otherwise to assure the owner of such Indebtedness of the primary obligor against loss in respect thereof. For the purpose of all computations made
under this Agreement, the amount of a Guaranty in respect of any Indebtedness shall be deemed to be equal to the amount that would apply if such Indebtedness was the direct obligation of such Person rather than the primary obligor or, if less, the
maximum aggregate potential liability of such Person under the terms of the Guaranty. 
 “Hazardous Material” shall
mean “hazardous substances”, as such term is defined in the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Acts of 1986, and shall also include
petroleum, including crude oil or any fraction thereof, or any other substance defined as “hazardous” or “toxic” or words with similar meaning and effect under any Environmental Law applicable to the Company or any
of its Subsidiaries. 
 “Highest Lawful Rate” means the maximum nonusurious interest rate, if any, that at any time
or from time to time may be contracted for, taken, reserved, charged or received on any Loans, under laws applicable to any of the Lenders which are presently in effect or, to the extent allowed by applicable law, under such laws which may hereafter
be in effect and which allow a higher maximum nonusurious interest rate than applicable laws now allow. Determination of the rate of interest for the purpose of determining whether any Loans are usurious under all applicable laws shall be made by
amortizing, prorating, allocating, and spreading, in equal parts during the period of the full stated term of the Loans, all interest at any time contracted for, taken, reserved, charged or received from a Borrower in connection with the Loans.

 “Impacted Interest Period” shall have the meaning set forth in the definition of “LIBOR Rate”. 

  
 14 

 “Indebtedness” means, for any Person, the following obligations of such Person,
without duplication: (i) obligations of such Person for borrowed money; (ii) obligations of such Person representing the deferred purchase price of property or services other than accounts payable and accrued liabilities arising in the
ordinary course of business and other than amounts which are being contested in good faith and for which reserves in conformity with GAAP have been provided; (iii) obligations of such Person evidenced by bonds, notes, bankers acceptances,
debentures or other similar instruments of such Person, or obligations of such Person arising, whether absolute or contingent, out of drawn letters of credit issued for such Person’s account or pursuant to such Person’s application
securing Indebtedness; (iv) obligations of other Persons, whether or not assumed, secured by Liens (other than Permitted Liens) upon property or payable out of the proceeds or production from property now or hereafter owned or acquired by such
Person, but only to the extent of such property’s fair market value; (v) Capitalized Lease Obligations of such Person; (vi) net obligations under Interest Rate Protection Agreements that have been cancelled or otherwise terminated
before their scheduled expiration or are otherwise due and payable, and (vii) obligations of such Person pursuant to a Guaranty of any of the foregoing obligations of another Person; provided, however, Indebtedness shall exclude
Non-recourse Debt. For purposes of this Agreement, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture to the extent such Indebtedness is recourse to such Person. 

“Indemnified Taxes” shall have the meaning set forth in Section 3.3(a). 

“Interest Payment Date” means (a) with respect to any Base Rate Loan or any Swingline Loan, the last day of each March,
June, September and December and (b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurodollar Borrowing with an Interest Period of more
than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period. 

“Interest Period” means with respect to any Eurodollar Borrowing, the period commencing on the date of such Borrowing and
ending on the numerically corresponding day in the calendar month that is one week or one, two, three or six months thereafter (or with the consent of each Lender making a Revolving Loan as part of such Borrowing, any other period), in each case as
the applicable Borrower may elect. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such
Borrowing. 
 “Interest Rate Protection Agreement” shall mean any interest rate swap, interest rate cap, interest
rate collar, or other interest rate hedging agreement or arrangement designed to protect against fluctuations in interest rates, regardless of whether such agreements are subject to hedge accounting. 

“Interpolated Rate” means, for any Impacted Interest Period, the rate per annum reasonably determined by the Administrative
Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the applicable Screen Rate for the longest period (for which such Screen

  
 15 

 
Rate is available) that is shorter than the Impacted Interest Period; and (b) the applicable Screen Rate for the shortest period (for which such Screen Rate is available) that exceeds the
Impacted Interest Period, in each case, at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Impacted Interest Period. 

“ISP” means, with respect to any Letter of Credit, 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 of such Letter of Credit).  

“Issuing Bank” has the meaning specified in the first paragraph hereof. As of the Effective Date, there are no Issuing
Banks. 
 “L/C Documents” means the Letters of Credit, any Application with respect thereto, any draft or other
document presented in connection with a drawing thereunder, and this Agreement. 
 “L/C Exposure” means, with
respect to any Lender at any time, such Lender’s applicable Percentage of the Dollar Equivalent of the L/C Obligations (determined in accordance with Section 10.19). 

“L/C Obligations” means as at any date of determination, the aggregate amount available to be drawn under all outstanding
Letters of Credit plus the aggregate amount of all unpaid Reimbursement Obligations. 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 2.12(e). 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, such Letter of
Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 
 “Lender”
is defined in the first paragraph hereof. 
 “Lending Office” means the “Lending Office” of such Lender
(or an Affiliate of such Lender) designated for each Type of Loan and/or currency of Letter of Credit in the Administrative Questionnaire submitted by such Lender or such other office of such Lender (or an Affiliate of such Lender) as such Lender
may from time to time specify to the Administrative Agent and the Company as the office by which its Loans and Letters of Credit of such Type and/or currency are to be made and maintained. 

“Letter of Credit” has the meaning set forth in Section 2.12(a). 

“Letter of Credit Sublimit” has the meaning set forth in Section 2.12(a)(iii). 

“LIBOR Market Index Rate” means, for any day, the greater of (i) zero percent (0%) per annum and (ii) the rate per
annum quoted at approximately 11:00 a.m. (London time) on such day on that page of the Reuters or Bloomberg reporting service (as then being used by the Administrative Agent to obtain such interest rate quotes) that displays the London interbank
offered rate administered by ICE Benchmark Administration Limited (or any other Person that takes over the administration of such rate) for U.S. Dollar deposits in the amount of $5,000,000 

  
 16 

 
for a period of one month, or if such page or such service shall cease to be available, such other page or other service (as the case may be) for the purpose of displaying such rates as
reasonably determined by the Administrative Agent after consultation with the Company as to the use of any such other service; provided, that during an Impacted Interest Period, the “LIBOR Market Index Rate” for such Impacted
Interest Period shall be the Interpolated Rate; provided further, that if the Administrative Agent shall reasonably determine that it is not possible to determine the Interpolated Rate (which conclusion shall be conclusive and binding absent
manifest error), then during such Impacted Interest Period the “LIBOR Market Index Rate” for such Interest Period for such Eurodollar Borrowing shall be the applicable Reference Bank Rate for such period. 

“LIBOR Rate” means, for any Interest Period for each Eurodollar Loan, the greater of (i) zero percent (0%) per annum and
(ii) the rate per annum quoted at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period on that page of the Reuters or Bloomberg reporting service (as then being used by the Administrative Agent
to obtain such interest rate quotes) that displays the London interbank rate administered by ICE Benchmark Administration Limited (or any other Person that takes over the administration of such rate) for deposits in U.S. Dollars, or if such page or
such service shall cease to be available, such other page or other service (as the case may be) for the purpose of displaying such rates as reasonably determined by the Administrative Agent after consultation with the Company as to the use of any
such other service (in each case, the “Screen Rate”); provided, that if no Screen Rate shall be available at such time for such Interest Period (an “Impacted Interest Period”), then the “LIBOR Rate”
for such Impacted Interest Period shall be the Interpolated Rate; provided further, that if the Administrative Agent shall reasonably determine that it is not possible to determine the Interpolated Rate (which conclusion shall be conclusive and
binding absent manifest error), then during such Impacted Interest Period the “LIBOR Rate” for such Interest Period for such Eurodollar Borrowing shall be the applicable Reference Bank Rate for such period.  

“Lien” means any interest in any property or asset in favor of a Person other than the owner of such property or asset and
securing an obligation owed to, or a claim by, such Person, whether such interest is based on the common law, statute or contract, including, but not limited to, the security interest or lien arising from a mortgage, encumbrance, pledge, conditional
sale, security agreement or trust receipt, or a lease, consignment or bailment for security purposes. 
 “Loan”
means (i) a Base Rate Loan, (ii) a Eurodollar Loan or (iii) a Swingline Loan, as the case may be, and “Loans” means two or more of any such Loans. 

“Material Adverse Effect” means a material adverse effect on (i) the business, assets, operations or condition of the
Company and its Subsidiaries taken as a whole, or (ii) the Credit Parties’ ability, taken as a whole, to perform any of their payment obligations under this Agreement or the Notes, in respect of the Letters of Credit or under any other
Credit Document to which a Credit Party is a party. 
 “Mexican Pesos” means the lawful currency of Mexico.

 “Moody’s” means Moody’s Investors Service, Inc. or any successor thereto. 

  
 17 

 “NHC” means Noble Holding (U.S.) Corporation, a Delaware corporation.

 “NHIL” means Noble Holding International Limited, a Cayman Islands exempted company limited by shares.  

“NIFCO” has the meaning specified in the first paragraph of this Agreement. 

“Noble Parent Company” means Noble-UK or, if a Redomestication has occurred subsequent to the date hereof and prior to the
event in question on the date of determination, the Surviving Person resulting from such prior Redomestication. 

“Noble-UK” means Noble Corporation plc, a public limited company incorporated under the laws of England and Wales.

 “Noble Yieldco” means a limited partnership or limited liability company which may be formed by the Company or its
Subsidiaries to, directly or indirectly, own, operate and acquire a fleet of offshore drilling rigs (or equity interests in entities owning the same). 

“Noble Yieldco Formation Transactions” means, collectively, the transfer to Noble Yieldco and/or one or more Subsidiaries
thereof of interests in certain offshore drilling rigs and of interests in drilling contracts and other related assets, together with any related transactions and agreements with the Company and its Subsidiaries (other than the Noble Yieldco Group)
for the formation of the Noble Yieldco Group and subsequent operation of Noble Yieldco and such rigs, with the ultimate goal of completing the Noble Yieldco IPO. 

“Noble Yieldco Group” means, collectively, Noble Yieldco and its Subsidiaries.  

“Noble Yieldco IPO” means the initial public offering of equity interests in Noble Yieldco. 

“Non-recourse Debt” means with respect to any Person (i) obligations of such Person against which the obligee has no
recourse to such Person except as to certain named or described present or future assets or interests of such Person, and (ii) the obligations of SPVs to the extent the obligee thereof has no recourse to the Company or any of its Subsidiaries,
except as to certain specified present or future assets of, or interests in, SPVs; it being understood, for the avoidance of doubt, that Permitted Bully Indebtedness shall constitute Non-recourse Debt. 

“Note” means a Revolving Note or a Swingline Note. 

“Obligations” means all obligations of the Credit Parties to pay fees, costs and expenses hereunder, to pay principal or
interest on Loans and Reimbursement Obligations and to pay any other obligations to the Administrative Agent, any Swingline Lender, any Lender or any Issuing Bank arising under any Credit Document. 

“OFAC” means The Office of Foreign Assets Control of the U.S. Department of the Treasury. 

  
 18 

 “Other Agents” means, collectively, the Co-Syndication Agents and the
Co-Documentation Agents. 
 “Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56, signed into law October 26, 2001, as amended from time to time. 

“PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. 

“Percentage” means, for each Lender, the percentage of the aggregate amount of the Commitments of all Lenders (or, if the
Commitments have been terminated, the Revolving Credit Exposure of all Lenders) represented by the amount of such Lender’s Commitment (or, if such Commitment has been terminated, such Lender’s Revolving Credit Exposure). 

“Performance Guaranties” means all Guaranties of performance (and not financial Guaranties) of the Company or any of its
Subsidiaries delivered in connection with the construction, operation, ownership or financing of drill ships, offshore mobile drilling units or offshore drilling rigs. 

“Performance Letters of Credit” means all letters of credit for the account of the Company, any Subsidiary or a SPV issued as
support for Non-recourse Debt or a Performance Guaranty. 
 “Permitted Bully Indebtedness” means any Indebtedness
existing from time to time of Bully 1, Ltd., a Cayman Islands exempted company (“Bully 1”), Bully 2, Ltd., a Cayman Islands exempted company (“Bully 2”), or any of their respective Subsidiaries, to the extent that
the ratio (expressed as a percentage) of Bully Consolidated Indebtedness to Bully Total Tangible Capitalization is no greater than 60% as of the end of each fiscal quarter of the Company. 

For purposes of this definition: 

“Bully Consolidated Indebtedness” means all Indebtedness of Bully 1, Bully 2, and their Subsidiaries that
would be reflected on a consolidated balance sheet of such Persons prepared in accordance with GAAP. 
 “Bully
Consolidated Tangible Net Worth” means, as of any date of determination, consolidated total equity of Bully 1, Bully 2 and their Subsidiaries determined in accordance with GAAP but excluding the effect on shareholders equity of cumulative
foreign exchange translation adjustments, and less the net book amount of all assets of Bully 1, Bully 2 and their Subsidiaries that would be classified as intangible assets on the consolidated balance sheet of the Company as of such date prepared
in accordance with GAAP. 
 “Bully Total Tangible Capitalization” means, as of any date of determination,
the sum of Bully Consolidated Indebtedness plus Bully Consolidated Tangible Net Worth as of such date. 

  
 19 

 “Permitted Liens” has the meaning ascribed to such term in Section 6.10.

 “Person” means an individual, partnership, corporation, limited liability company, association, trust,
unincorporated organization or any other entity or organization, including a government or any agency or political subdivision thereof. 

“Plan” means an employee pension benefit plan covered by Title IV of ERISA or subject to the minimum funding standards under
Section 412 of the Code that is either (i) maintained by the Company or any of its ERISA Affiliates, or (ii) maintained pursuant to a collective bargaining agreement or any other arrangement under which more than one employer makes
contributions and to which the Company or any of its ERISA Affiliates is then making or accruing an obligation to make contributions or has within the preceding five (5) plan years made or had an obligation to make contributions. 

“Pounds” means the lawful currency of the United Kingdom.  

“Protesting Lender” shall have the meaning set forth in Section 2.17(b). 

“Redomestication” means:  

(a) any amalgamation, merger, exchange offer, conversion, consolidation or similar action of the Noble Parent Company with or into any other
Person, or of any other Person with or into the Noble Parent Company, or the sale or other disposition (other than by lease) of all or substantially all of its assets by the Noble Parent Company to any other Person, 

(b) any continuation, discontinuation, domestication, redomestication, amalgamation, merger, plan or scheme of arrangement, exchange offer,
business combination, reincorporation, reorganization consolidation or similar action of the Noble Parent Company, pursuant to the law of the jurisdiction of its organization and of any other jurisdiction, or 

(c) the formation of a Person that becomes, as part of the transaction or series of related transactions, the direct or indirect owner
of 100% of the voting shares (except for directors’ qualifying shares) of the Noble Parent Company (the “New Parent”),  

if as a result thereof 
 (x) in
the case of any action specified in clause (a), the entity that is the surviving, resulting or continuing Person in such merger, amalgamation, conversion, consolidation or similar action, or the transferee in such sale or other disposition, 

(y) in the case of any action specified in clause (b), the entity that constituted the Noble Parent Company immediately prior thereto (but
disregarding for this purpose any change in its jurisdiction of organization), or 
 (z) in the case of any action specified in clause (c),
the New Parent 

  
 20 

 (in any such case the “Surviving Person”) is a corporation or other entity, validly
incorporated or formed and existing in good standing (to the extent the concept of good standing is applicable) under the laws of Delaware or another State of the United States, under the laws of any member country of the European Union, under the
laws of any member of the European Economic Area (EEA) or NAFTA, under the laws of Switzerland or Singapore, or under the laws of any territory of any of the foregoing or (with the consent of the Required Lenders, such consent not to be unreasonably
withheld) under the laws of any other jurisdiction, whose outstanding equity securities of each class issued and outstanding immediately following such action, and giving effect thereto, shall be beneficially owned by substantially the same Persons,
in substantially the same percentages, as were the outstanding equity securities of the Noble Parent Company immediately prior thereto and the Surviving Person shall have delivered to the Administrative Agent (i) a certificate to the effect
that, both before and after giving effect to such transaction, no Default or Event of Default exists, and (ii) an opinion, reasonably satisfactory in form, scope and substance to the Administrative Agent, of counsel reasonably satisfactory to
the Administrative Agent, addressing such matters in connection with the Redomestication as the Administrative Agent or any Lender may reasonably request. 

“Reference Banks” means the principal London office of JPMorgan Chase Bank, N.A. and of at least one additional bank dealing
in Dollar deposits in the interbank eurodollar market in London, England as may be selected by the Administrative Agent after consultation with the Company and, if such bank is a Lender, agreed to by such bank. 

“Reference Bank Rate” means the arithmetic mean of the rates (rounded upwards to four decimal places) supplied to the
Administrative Agent at its request by the Reference Banks (as the case may be) as of approximately 11:00 a.m. (London time) (i) for any Eurodollar Loans, two Business Days prior to the first day of such requested Interest Period for loans in
U.S. Dollars and (ii) for any Base Rate Loans, on such date, for loans in U.S. Dollars in the amount of $5,000,000 for a period of one month, as the rate in each case at which the relevant Reference Bank could borrow funds in the London
interbank market in U.S. Dollars for such period, were it to do so by asking for and then accepting interbank offers in reasonable market size in U.S. Dollars and for that period. 

“Reimbursement Obligation” has the meaning ascribed to such term in Section 2.12(c). 

“Replacement Lender” shall have the meaning set forth in Section 2.15. 

“Required Lenders” means, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the
sum of the total Revolving Credit Exposures and unused Commitments at such time or, if the Commitments have been terminated or expired, Lenders having more than 50% of the sum of the total Revolving Credit Exposures of all Lenders (in each case
determined on the basis of the Dollar Equivalent of any amounts denominated in any currencies other than U.S. Dollars); provided that the Revolving Credit Exposure of, and unused Commitment of, any Defaulting Lender shall be excluded for
purposes of making a determination of Required Lenders except with respect to waivers and amendments described in clauses (x) and (y) of Section 10.11(iv). 

“Reset Date” has the meaning assigned to such term in Section 10.19(a). 

  
 21 

 “Revolving Credit Commitment Amount” means the sum of the Commitments of all of
the Lenders, which is an amount initially equal to $2,445,000,000, as such amount may be increased or reduced from time to time pursuant to the terms of this Agreement. 

“Revolving Credit Exposure” means, with respect to any Lender at any time, the sum at such time, without duplication, of
(i) such Lender’s applicable Percentage of the principal amounts of the outstanding Revolving Loans, (ii) such Lender’s L/C Exposure and (iii) such Lender’s Swingline Exposure. 

“Revolving Loan” has the meaning ascribed to such term in Section 2.1. 

“Revolving Note” has the meaning ascribed to such term in Section 2.8(e). 

“Sale-Leaseback Transaction” means any arrangement whereby the Company or a Subsidiary shall sell or transfer any property,
real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease property that it intends to use for substantially the same purpose or purposes as the property sold or transferred. 

“Sanctions Laws and Regulations” means economic or financial sanctions or trade embargoes imposed, administered or enforced
from time to time by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State, or (b) the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom. 

“S&P” means Standard & Poor’s Ratings Group or any successor thereto.  

“Screen Rate” shall have the meaning set forth in the definition of “LIBOR Rate”. 

“SEC” means the United States Securities and Exchange Commission, or any Governmental Authority succeeding to the functions
of said Commission. 
 “Significant Subsidiary” has the meaning ascribed to it under Regulation S-X promulgated
under the Exchange Act and shall also mean each Designated Borrower. 
 “Specified Currency” means each of the
following currencies: Australian Dollars, Brazilian Real, Canadian Dollars, Euros, Mexican Pesos, Pounds, and any other major currency as may be requested by the Company and agreed to by the Administrative Agent and each Lender in its sole
discretion, provided that such requested currency is a lawful currency that is readily available and freely transferable and convertible into Dollars.  

“SPV” means any Person that is designated by the Company as a special purpose vehicle, provided that the Company shall
not designate as a SPV any Subsidiary that owns, directly or indirectly, any other Subsidiary that has total assets (including assets of any Subsidiaries of such other Subsidiary, but excluding any assets that would be eliminated in consolidation
with the Company and its Subsidiaries) which equates to at least five percent (5%) of the Company’s Total Assets, or that had net income (including net income of any Subsidiaries of such other Subsidiary, all before discontinued operations
and income or loss resulting from  

  
 22 

 
extraordinary items, but excluding revenues and expenses that would be eliminated in consolidation with the Company and its Subsidiaries and excluding any loss or gain resulting from the early
extinguishment of Indebtedness) during the most recently completed fiscal year of the Company in excess of the greater of (i) $1,000,000, and (ii) fifteen percent (15%) of the net income (before discontinued operations and income or
loss resulting from extraordinary items and excluding any loss or gain resulting from the early extinguishment of Indebtedness) for the Company and its Subsidiaries, all as determined on a consolidated basis in accordance with GAAP during such
fiscal year of the Company. The Company may elect to treat any Subsidiary as a SPV (provided such Subsidiary would otherwise qualify as such), and may rescind any such prior election, by giving written notice thereof to the Administrative Agent
specifying the name of such Subsidiary or SPV, as the case may be, and the effective date of such election, which shall be a date within sixty (60) days after the date such notice is given. The election to treat a particular Person as a SPV may
only be made once. 
 “Statutory Reserve Rate” means, with respect to any currency, the aggregate of the maximum reserve,
liquid asset or similar percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by any Governmental Authority of the United States or of the jurisdiction of such currency or any
jurisdiction in which Loans in such currency are made to which banks in such jurisdiction are subject for any category of deposits or liabilities customarily used to fund loans in such currency or by reference to which interest rates applicable to
loans in such currency are determined. Such reserve, liquid asset or similar percentages shall include those imposed pursuant to Regulation D of the Board of Governors of the Federal Reserve System. Eurodollar Loans shall be deemed to be subject to
such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under Regulation D or any other applicable law, rule or regulation. The Statutory Reserve Rate shall be
adjusted automatically on and as of the effective date of any change in any reserve percentage. 
 “Subsidiary”
means, for any Person, any other Person (other than, except in the context of Sections 5.9 and 6.6(a), a SPV) of which more than fifty percent (50%) of the outstanding stock or comparable equity interests having ordinary voting power for the
election of the board of directors, managers or similar governing body of such other Person (irrespective of whether or not at the time stock or other equity interests of any other class or classes of such other Person shall have or might have
voting power by reason of the happening of any contingency), is at the time directly or indirectly owned by such former Person or by one or more of its Subsidiaries. In addition, notwithstanding the foregoing, so long as any member of the Noble
Yieldco Group is consolidated with the Company in accordance with GAAP, such member of the Noble Yieldco Group shall constitute a “Subsidiary” of the Company hereunder and under the other Credit Documents. 

“Subsidiary Debt Basket Amount” has the meaning ascribed to such term in Section 6.11(j). 

“Subsidiary Guaranty” means the Subsidiary Guaranty Agreement of even date herewith (or such other Subsidiary Guaranty
Agreement in substantially such form) made by the Guarantors from time to time party thereto, as amended, restated, supplemented or otherwise modified from time to time. With respect to each Guarantor, each reference herein to “its Subsidiary
Guaranty” shall mean the Subsidiary Guaranty. 

  
 23 

 “Surviving Person” has the meaning specified in the definition of
“Redomestication”.  
 “Swingline Commitment” means, with respect to any Swingline Lender, the commitment
of such Swingline Lender to make swingline loans pursuant to Section 2.16, initially in the amount forth opposite such Swingline Lender’s name on Schedule 1B attached hereto (as may be amended from time to time by the Administrative
Agent, the Company and such Swingline Lender), as the same may be reduced from time to time as expressly provided pursuant to this Agreement; provided, the aggregate Swingline Commitments of all Swingline Lenders shall not exceed $400,000,000. 

 “Swingline Exposure” means at any time the aggregate principal amount at such time of all outstanding Swingline
Loans. The Swingline Exposure of any Lender at any time shall equal its applicable Percentage of the aggregate Swingline Exposure at such time. 

“Swingline Lender” has the meaning specified in the first paragraph hereof. As of the Effective Date, JPMorgan Chase Bank,
N.A. and Wells Fargo Bank, National Association are the only Swingline Lenders. 
 “Swingline Loan” means any loan
made by a Swingline Lender pursuant to Section 2.16. 
 “Swingline Note” has the meaning set forth in Section
2.8(e). 
 “Swingline Request” means any request for a Swingline Loan which, if in writing, shall be substantially
in the form of Exhibit 2.16. 
 “Taxes” has the meaning set forth in Section 5.11. 

“Total Assets” means, as of any date of determination, the aggregate book value of the assets of the Company and its
Subsidiaries determined on a consolidated basis in accordance with GAAP as of such date. 
 “Total Tangible
Capitalization” means, as of any date of determination, the sum of Consolidated Indebtedness plus Consolidated Tangible Net Worth as of such date. 

“Type”, when used in reference to any Revolving Loan or Borrowing, refers to whether the rate of interest on such Loan, or on
the Loans comprising such Borrowing, is determined by reference to Adjusted LIBOR or the Base Rate. 
 “Unfunded Vested
Liabilities” means, for any Plan at any time, the amount (if any) by which the present value of all vested nonforfeitable accrued benefits under such Plan exceeds the fair market value of all Plan assets allocable to such benefits,
determined as of the then most recent valuation date for such Plan, but only to the extent that such excess represents a potential liability of the Company or any of its ERISA Affiliates to the PBGC or such Plan. 

  
 24 

 Section 1.2. Time of Day. Unless otherwise expressly provided, all references to time
of day in this Agreement and the other Credit Documents shall be references to New York, New York time. 
 Section 1.3. Accounting
Terms; GAAP. Except as otherwise expressly provided herein, and subject to the provisions of Section 10.20, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time. 

ARTICLE 2 
 THE CREDIT
FACILITIES 
 Section 2.1. Commitments for Revolving Loans. Subject to the terms and conditions hereof, each Lender
severally and not jointly agrees to make one or more loans (each, a “Revolving Loan”) to the Borrowers from time to time prior to the Commitment Termination Date on a revolving basis; provided, however,
that no Lender shall be required to make any Revolving Loan if, immediately after giving effect thereto, (i) the aggregate Revolving Credit Exposure of all Lenders would thereby exceed the Revolving Credit Commitment Amount then in effect or
(ii) the Revolving Credit Exposure of such Lender would thereby exceed its Commitment then in effect. Each Borrowing of Revolving Loans shall be made ratably from the Lenders in proportion to their respective Percentages. Revolving Loans may be
repaid, in whole or in part, and all or any portion of the principal amounts thereof reborrowed, from time to time before the Commitment Termination Date, subject to the terms and conditions hereof. Funding of any Revolving Loans shall be in U.S.
Dollars. 
 Section 2.2. Types of Revolving Loans and Minimum Borrowing Amounts. Borrowings of Revolving Loans may be
outstanding as either Base Rate Loans or Eurodollar Loans, as selected by the Company (on behalf of any Borrower) pursuant to Section 2.3. Each Borrowing of Base Rate Loans shall be made in an amount of not less than $1,000,000 and each
Borrowing of Eurodollar Loans shall be made in an amount of not less than $5,000,000 and in an integral multiple of the Borrowing Multiple. 

Section 2.3. Manner of Revolving Loan Borrowings; Continuations and Conversions of Revolving Loan Borrowings. 

(a) Notice of Revolving Loan Borrowings. To request any Borrowing of Revolving Loans on behalf of any Borrower, the Company shall give
notice to the Administrative Agent, in accordance with Section 2.3(c), by no later than (i) 12:00 p.m. at least three (3) Business Days before the date on which the Company requests the Lenders to advance a Borrowing of Eurodollar
Loans, and (ii) 12:00 p.m. on the date the Company requests the Lenders to advance a Borrowing of Base Rate Loans. 
 (b) Notice of
Continuation or Conversion of Outstanding Borrowings. The Company on behalf of the applicable Borrower may from time to time elect to change or continue the type of interest rate borne by all or, subject to the minimum amount requirements in
Section 2.2, any portion of, any Revolving Loan Borrowing of such Borrower as follows: (i) if such Borrowing is of Eurodollar Loans, the Company may continue part or all of such 

  
 25 

 
Borrowing as Eurodollar Loans for an Interest Period specified by the Company or convert part or all of such Borrowing into Base Rate Loans on the last day of the Interest Period applicable
thereto, or the Company may earlier convert part or all of such Borrowing into Base Rate Loans so long as it pays the breakage fees and funding losses provided in Section 2.11; and (ii) if such Borrowing is of Base Rate Loans, the Company
may convert all or part of such Borrowing into Eurodollar Loans for an Interest Period specified by the Company on any Business Day, in each case pursuant to notices of continuation or conversion as set forth below. The Company on behalf of the
applicable Borrower may select multiple Interest Periods for the Eurodollar Loans constituting any particular Borrowing of such Borrower, provided that at no time shall the number of different Interest Periods for outstanding Eurodollar Loans
exceed twenty (20) (it being understood for such purposes that (x) Interest Periods of the same duration, but commencing on different dates, shall be counted as different Interest Periods, and (y) all Interest Periods commencing on
the same date and of the same duration shall be counted as one Interest Period regardless of the number of Borrowings or Loans involved). Notices of the continuation of such Eurodollar Loans for an additional Interest Period or of the conversion of
part or all of such Eurodollar Loans into Base Rate Loans or of such Base Rate Loans into Eurodollar Loans must be given by no later than (A) 12:00 p.m. at least three (3) Business Days prior to the date of such continuation of, or
conversion to, Eurodollar Loans and (B) 12:00 p.m. on the date of any conversion of Eurodollar Loans to Base Rate Loans. 
 (c)
Manner of Notice. The Company shall give such notices concerning the advance, continuation, or conversion of a Borrowing pursuant to this Section 2.3 by telephone, facsimile or email (which notice shall be irrevocable once given and, if
by telephone, shall be promptly confirmed in writing) pursuant to a Borrowing Request, which shall specify the date of the requested advance, continuation or conversion (which shall be a Business Day), the amount of the requested Borrowing, whether
such Borrowing is to be advanced, continued, or converted, the Type of Loans to comprise such new, continued or converted Borrowing, if such Borrowing is to be comprised of Eurodollar Loans and the Interest Period applicable thereto and the
applicable Borrower. The Company agrees that the Administrative Agent may rely on any such telephonic, facsimile or email notice given by any Person it in good faith believes is an authorized representative of the Company without the necessity of
independent investigation and that, if any such notice by telephone conflicts with any written confirmation, such telephonic notice shall govern if the Administrative Agent has acted in reliance thereon. 

(d) Notice to the Lenders. The Administrative Agent shall give prompt telephonic, email or facsimile notice to each Lender of any
notice received pursuant to this Section 2.3 relating to a Revolving Loan Borrowing. The Administrative Agent shall give notice to the Company and each Lender by like means of the interest rate applicable to each Borrowing of Eurodollar Loans
(but, if such notice is given by telephone, the Administrative Agent shall confirm such rate in writing) promptly after the Administrative Agent has made such determination. 

(e) Company’s Failure to Notify. If the Company fails to give notice pursuant to Section 2.3(a) or (b) of (i) the
continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans, or (ii) a Borrowing of Revolving Loans to pay outstanding Reimbursement Obligations, and has not notified the Administrative Agent by
(A) 12:00 p.m. at 

  
 26 

 
least three (3) Business Days before the last day of the Interest Period for any Borrowing of Eurodollar Loans, or (B) the day such Reimbursement Obligation becomes due, as the case may
be, that it intends to repay such Borrowing or Reimbursement Obligation, the Company shall be deemed to have requested for the applicable Borrower, as applicable, (x) the continuation of such Borrowing as a Eurodollar Borrowing with an Interest
Period of one (1) month or (y) the advance of a new Borrowing of Base Rate Loans (after converting, if necessary, the Reimbursement Obligation into Dollars using the applicable Exchange Rate in effect on such date) on such day in the
amount of the Reimbursement Obligation then due, which Borrowing pursuant to this clause (y) shall be deemed to have been funded on such date by the Lenders in accordance with Section 2.3(a) and to have been applied on such day to pay the
Reimbursement Obligation then due, in each case so long as no Event of Default shall have occurred and be continuing or would occur as a result of such Borrowing but otherwise disregarding the conditions to Borrowings set forth in Section 4.2.
If so directed by the Required Lenders, upon the occurrence and during the continuance of any Event of Default, and upon notice thereof from the Administrative Agent to the Company, each Eurodollar Loan will automatically, on the last day of the
then existing Interest Period therefor, convert into a Base Rate Loan. 
 (f) Type Conversion. If the Company on behalf of any
Borrower shall elect to convert any particular Borrowing of such Borrower pursuant to this Section 2.3 from one Type of Loan to the other only in part, then, from and after the date on which such conversion shall be effective, such particular
Borrowing shall, for all purposes of this Agreement (including, without limitation, for purposes of subsequent application of this sentence) be deemed to instead constitute two Borrowings (each originally advanced on the same date as such particular
Borrowing), one comprised of (subject to subsequent conversion in accordance with this Agreement) Eurodollar Loans in an aggregate principal amount equal to the portion of such Borrowing so elected by the Company to be comprised of Eurodollar Loans
and the second comprised of (subject to subsequent conversion in accordance with this Agreement) Base Rate Loans in an aggregate principal amount equal to the portion of such particular Borrowing so elected by the Company to be comprised of Base
Rate Loans. If the Company shall elect to have multiple Interest Periods apply to any such particular Borrowing comprised of Eurodollar Loans, then, from and after the date such multiple Interest Periods commence, such particular Borrowing shall,
for all purposes of this Agreement (including, without limitation, for purposes of subsequent application of this sentence), be deemed to constitute a number of separate Borrowings (each originally commencing on the same date as such particular
Borrowing) equal to the number of, and corresponding to, the different Interest Periods so selected, each such deemed separate Borrowing corresponding to a particular selected Interest Period comprised of (subject to subsequent conversion in
accordance with this Agreement) Eurodollar Loans in an aggregate principal amount equal to the portion of such particular Borrowing so elected by the Company to have such Interest Period. This Section 2.3(f) shall be applied appropriately in
the event that the Company shall make the elections described in the two preceding sentences at the same time with respect to the same particular Borrowing. 

Section 2.4. Interest Periods. As provided in Section 2.3, at the time of each request for a Borrowing of Eurodollar Loans,
or for the continuation or conversion of any Borrowing of Eurodollar Loans, the Company on behalf of the applicable Borrower shall select the Interest Period(s) to be applicable to such Loans from among the available options, subject to the
limitations in Section 2.3; provided, however, that: 

  
 27 

 (i) the Company may not select an Interest Period that extends beyond the Commitment Termination
Date; 
 (ii) whenever the last day of any Interest Period would otherwise be a day that is not a Business Day, the last day of such
Interest Period shall be extended to the next succeeding Business Day; provided, however, that if the next succeeding Business Day is in the next calendar month, the last day of such Interest Period shall be the immediately preceding Business
Day; and 
 (iii) for purposes of determining an Interest Period, a month means a period starting on one day in a calendar month and ending
on the numerically corresponding day in the next calendar month; provided, however, that if there is no such numerically corresponding day in the month in which an Interest Period is to end or if an Interest Period begins on the last Business
Day of a calendar month, then such Interest Period shall end on the last Business Day of the calendar month in which such Interest Period is to end. 

Section 2.5. Funding of Revolving Loans. 

(a) Disbursement of Revolving Loans. Not later than 12:00 p.m. with respect to Borrowings of Eurodollar Loans, and 2:00 p.m. with
respect to Borrowings of Base Rate Revolving Loans, on the date of any requested advance of a new Borrowing of Revolving Loans, each Lender, subject to all other provisions hereof, shall make available for the account of its applicable Lending
Office its Revolving Loan comprising its portion of such Borrowing in funds immediately available for the benefit of the Administrative Agent in the applicable Administrative Agent’s Account and according to the payment instructions of the
Administrative Agent. The Administrative Agent shall promptly make the proceeds of each such Borrowing available in immediately available funds to the applicable Borrower (or as directed in writing by the Company on behalf of such Borrower) on such
date. In the event that any Lender does not make such amounts available to the Administrative Agent by the time prescribed above, but such amount is received later that day, such amount shall nevertheless be promptly credited to the applicable
Borrower in the manner described in the preceding sentence (and if such credit is made on the next Business Day, with interest on such amount to begin accruing hereunder on such next Business Day); provided that acceptance by any Borrower of
any such late amount shall not be deemed a waiver by such Borrower of any rights it may have against such Lender. No Lender shall be responsible to any Borrower for any failure by another Lender to fund its portion of a Borrowing, and no such
failure by a Lender shall relieve any other Lender from its obligation, if any, to fund its portion of a Borrowing. 
 (b) Administrative
Agent Reliance on Lender Funding. Unless the Administrative Agent shall have been notified by a Lender prior to the time at which such Lender is scheduled to make payment to the Administrative Agent of the proceeds of a Revolving Loan (which
notice shall be effective upon receipt) that such Lender does not intend to make such payment, the Administrative Agent may assume that such Lender has made such payment when due and in reliance upon such assumption may (but shall not be required
to) make 

  
 28 

 
available to the applicable Borrower the proceeds of the Revolving Loan to be made by such Lender and, if any Lender has not in fact made such payment to the Administrative Agent, such Lender
shall, on demand, pay to the Administrative Agent the amount made available to the applicable Borrower attributable to such Lender together with interest thereon for each day during the period commencing on the date such amount was made available to
the applicable Borrower and ending on (but excluding) the date such Lender pays such amount to the Administrative Agent at a rate per annum equal to the Administrative Agent’s cost of funds for such amount. If such amount is not received from
such Lender by the Administrative Agent immediately upon demand, the applicable Borrower will, on demand, repay to the Administrative Agent the proceeds of the Revolving Loan attributable to such Lender with interest thereon at a rate per annum
equal to the interest rate applicable to such Loan, but the applicable Borrower will in no event be liable to pay any amounts otherwise due pursuant to Section 2.11 in respect of such repayment. Nothing in this Section 2.5(b) shall be
deemed to relieve any Lender from any obligation to fund any Loans hereunder or to prejudice any rights which any Borrower may have against any Lender as a result of any default by such Lender hereunder. 

Section 2.6. Applicable Interest Rates. 

(a) Base Rate Loans. Each Base Rate Loan shall bear interest (computed on the basis of a 365-day year or 366-day year, as the case may
be, and actual days elapsed including the first day but excluding the date of repayment) on the unpaid principal amount thereof from the date such Loan is made until maturity (whether by acceleration or otherwise) or conversion to a Eurodollar Loan,
at a rate per annum equal to the lesser of (i) the Highest Lawful Rate, or (ii) the Base Rate from time to time in effect plus the Applicable Margin. Each Borrower agrees to pay such interest on each Interest Payment Date for such
Loan and at maturity (whether by acceleration or otherwise). 
 (b) Eurodollar Loans. Each Eurodollar Loan shall bear interest
(computed on the basis of a 360-day year and actual days elapsed, including the first day but excluding the date of repayment) on the unpaid principal amount thereof from the date such Revolving Loan is made until maturity (whether by acceleration
or otherwise) or until conversion to a Base Rate Loan at a rate per annum equal to the lesser of (i) the Highest Lawful Rate or (ii) the sum of Adjusted LIBOR plus the Applicable Margin. Each Borrower agrees to pay such interest on
each Interest Payment Date for such Revolving Loan and at maturity (whether by acceleration or otherwise) or, in the case of any Eurodollar Loan that is converted to a Base Rate Revolving Loan on a day prior to the end of the then-current Interest
Period therefor, on the date of such conversion. 
 (c) Swingline Loans. Each Swingline Loan shall bear interest (computed on the
basis of a 365-day year or 366-day year, as the case may be, and actual days elapsed including the first day but excluding the date of repayment) on the unpaid principal amount thereof from the date such Loan is made until maturity (whether by
acceleration or otherwise) at a rate per annum equal to the lesser of (i) the Highest Lawful Rate, or (ii) the LIBOR Market Index Rate plus the Applicable Margin. Each Borrower agrees to pay such interest on each Interest Payment
Date for such Loan and at maturity (whether by acceleration or otherwise). 

  
 29 

 (d) Rate Determinations. The Administrative Agent shall determine each interest rate
applicable to the Loans and Reimbursement Obligations hereunder insofar as such interest rate involves a determination of Base Rate, Adjusted LIBOR, LIBOR Rate or LIBOR Market Index Rate, or any applicable default rate pursuant to Section 2.7,
and such determination shall be conclusive and binding except in the case of the Administrative Agent’s manifest error or willful misconduct. The Administrative Agent shall promptly give notice to the Company and each Lender of each
determination of Adjusted LIBOR, with respect to each Eurodollar Loan. 
 Section 2.7. Default Rate. If any payment of principal
on any Loan is not made when due after the expiration of the grace period therefor provided in Section 7.1(a) (whether by acceleration or otherwise), or any Reimbursement Obligation is not paid when due as provided in Section 2.12(c), such
past due Loan or Reimbursement Obligation shall bear interest (computed on the basis of a year of 360, 365 or 366 days, as applicable, and actual days elapsed) after any such grace period expires until such principal then due is paid in full, which
each Borrower agrees to pay on demand, at a rate per annum equal to: 
 (a) (i) for any Base Rate Loan, the lesser of (A) the Highest
Lawful Rate, or (B) the sum of two percent (2%) per annum plus the Base Rate from time to time in effect (but not less than the Base Rate in effect at the time such payment was due) plus the Applicable Margin, and (ii) for any
Swingline Loan, the lesser of (A) the Highest Lawful Rate, or (B) the sum of two percent (2%) per annum plus the LIBOR Market Index Rate from time to time in effect (but not less than the LIBOR Market Index Rate in effect at the time
such payment was due) plus the Applicable Margin; 
 (b) for any Eurodollar Loan, the lesser of (i) the Highest Lawful Rate, or
(ii) the sum of two percent (2%) per annum plus the rate of interest (inclusive of the Applicable Margin) in effect thereon at the time of such default until the end of the Interest Period for such Loan and, thereafter, at a rate per annum
equal to the sum of two percent (2%) per annum plus the Base Rate from time to time in effect (but not less than the Base Rate in effect at the time such payment was due) plus the Applicable Margin; and 

(c) for any unpaid Reimbursement Obligations, the lesser of (i) the Highest Lawful Rate, or (ii) the sum of two percent
(2%) per annum plus (x) in the case of any Reimbursement Obligations payable in Dollars, the Base Rate from time to time in effect (but not less than the Base Rate in effect at the time such payment was due) plus the Applicable Margin, or
(y) in the case of any Reimbursement Obligations payable in any currency other than Dollars, the interest rate (inclusive of the Applicable Margin) that would otherwise then be applicable under this Agreement to a Eurodollar Loan made in such
currency for an Interest Period of one month as from time to time in effect (but not less than such interest rate in effect at the time such payment was due). 

It is the intention of the Administrative Agent and the Lenders to conform strictly to usury laws applicable to them. Accordingly, if the
transactions contemplated hereby or any Loan or other Obligation would be usurious as to any of the Lenders under laws applicable to it (including the laws of the United States of America and the State of New York or any other jurisdiction whose
laws may be mandatorily applicable to such Lender notwithstanding the other 

  
 30 

 
provisions of this Agreement, the Notes or any other Credit Document), then, in that event, notwithstanding anything to the contrary in this Agreement, the Notes or any other Credit Document, it
is agreed as follows: (i) the aggregate of all consideration which constitutes interest under laws applicable to such Lender that is contracted for, taken, reserved, charged or received by such Lender under this Agreement, the Notes or any
other Credit Document or otherwise shall under no circumstances exceed the Highest Lawful Rate, and any excess shall be credited by such Lender on the principal amount of the Loans or to the Reimbursement Obligations (or, if the principal amount of
the Loans and all Reimbursement Obligations shall have been paid in full, refunded by such Lender to the applicable Borrower); and (ii) in the event that the maturity of the Loans is accelerated by reason of an election of the holder or holders
thereof resulting from any Event of Default hereunder or otherwise, or in the event of any required or permitted prepayment, then such consideration that constitutes interest under laws applicable to such Lender may never include more than the
Highest Lawful Rate, and excess interest, if any, provided for in this Agreement, the Notes, any other Credit Document or otherwise shall be automatically canceled by such Lender as of the date of such acceleration or prepayment and, if theretofore
paid, shall be credited by such Lender on the principal amount of the Loans or to the Reimbursement Obligations (or if the principal amount of the Loans and all Reimbursement Obligations shall have been paid in full, refunded by such Lender to the
applicable Borrower). 
 Section 2.8. Repayment of Loans; Evidence of Debt. 

(a) Repayment of Loans. Each Borrower hereby unconditionally promises to pay to the Administrative Agent, for the account of each
Lender, on the Commitment Termination Date, the unpaid amount of each Revolving Loan made by such Lender to such Borrower then outstanding. Each Borrower hereby unconditionally promises to pay to each Swingline Lender the unpaid principal amount of
each Swingline Loan made by such Swingline Lender to such Borrower no later than the Commitment Termination Date. 
 (b) Record of Loans
by Lenders. Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Loan made to such Borrower by such Lender, including the amounts
of principal and accrued interest payable and paid to such Lender from time to time hereunder. 
 (c) Record of Loans by Administrative
Agent. The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or accrued
interest due and payable or to become due and payable from the applicable Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s
share thereof. 
 (d) Evidence of Obligations. The entries made in the accounts maintained pursuant to Section 2.8(b) or
(c) shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in
any manner affect the obligation of the Borrowers to repay the Loans in accordance with the terms of this Agreement. 

  
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 (e) Notes. The Revolving Loans outstanding to each Borrower from any Lender shall, at the
written request of such Lender, be evidenced by a promissory note of the applicable Borrower payable to such Lender substantially in the form of Exhibit 2.8A (each, a “Revolving Note”). Each Borrower agrees to execute and deliver to
the Administrative Agent, for the benefit of each Lender requesting a Revolving Note, an original of each such Revolving Note, appropriately completed, to evidence the respective Revolving Loans made by such Lender to such Borrower hereunder, within
ten (10) Business Days after the Company receives a written request therefor (or such longer period of time as such Lender may agree). If requested by any Swingline Lender, the Swingline Loans made by such Swingline Lender to any Borrower shall
be evidenced by a promissory note of such Borrower payable to such Swingline Lender substantially in the form of Exhibit 2.8B (each, a “Swingline Note”). 

(f) Recording of Loans and Payments on Notes. Each holder of a Note shall record on its books and records or on a schedule to its
appropriate Note (and prior to any transfer of its Notes shall endorse thereon or on schedules forming a part thereof appropriate notations to evidence) the amount of each Loan outstanding from it to the maker thereof, all payments of principal and
interest and the principal balance from time to time outstanding thereon, the Type of such Loan and, if a Eurodollar Loan the Interest Period and interest rate applicable thereto. Such record, whether shown on the books and records of a holder of a
Note or on a schedule to its Note, shall be prima facie evidence as to all such matters; provided, however, that the failure of any holder to record any of the foregoing or any error in any such record shall not limit or otherwise
affect the obligation of each Borrower to repay all Loans outstanding to such Borrower hereunder together with accrued interest thereon. At the request of any holder of a Note and upon such holder tendering to the applicable Borrower the Note to be
replaced, the applicable Borrower shall furnish a new Note to such holder to replace any outstanding Note and at such time the first notation appearing on the schedule on the reverse side of, or attached to, such new Note shall set forth the
aggregate unpaid principal amount of all Loans, if any, then outstanding thereon. 
 Section 2.9. Optional Prepayments of
Loans. Each Borrower shall have the right to prepay Base Rate Loans or Swingline Loans without premium or penalty at any time and from time to time, in whole or in part (but, if in part, then in an amount which is equal to or greater than
$1,000,000); provided, however, that the Company on behalf of such Borrower shall have given notice of such prepayment to the Administrative Agent no later than 12:00 p.m. on the date of such prepayment. Each Borrower shall have the right to
prepay any Eurodollar Loans at any time and from time to time without premium or penalty, in whole or in part (but, if in part, then in an amount which is equal to or greater than $5,000,000 and in an integral multiple of the Borrowing Multiple or
such smaller amount as needed to prepay a particular Borrowing in full), subject to any breakage fees and funding losses that are required to be paid pursuant to Section 2.11; provided, however, that the Company on behalf of such
Borrower shall have given notice of such prepayment to the Administrative Agent no later than 12:00 p.m. at least three (3) Business Days before the proposed prepayment date (or such shorter period as may be agreed by the Administrative Agent
in its sole discretion). A notice delivered under this Section 2.9 may 

  
 32 

 
be conditioned upon the effectiveness of other credit facilities or the closing of one or more securities offerings or other transactions, in which case such notice shall be deemed rescinded if
such condition shall fail to be satisfied by the proposed effective date of such prepayment and; provided, that upon any such rescission the applicable Borrower shall be liable for any breakage fees and funding losses that are required to be
paid pursuant to Section 2.11. Any such prepayments shall be made by the payment of the principal amount to be prepaid and, with respect to any Eurodollar Loans, accrued and unpaid interest thereon to the date of such prepayment. Optional
prepayments shall be applied to the Loans then outstanding in the order specified by the Company. 
 Section 2.10. Mandatory
Prepayments of Loans. In the event and on each occasion that the aggregate Revolving Credit Exposure of all Lenders exceeds the Revolving Credit Commitment Amount then in effect, then (i) the Borrowers shall promptly prepay Loans in an
aggregate amount sufficient to eliminate such excess and (ii) if any excess remains after prepaying all of the Borrowings as a result of any L/C Exposure, pay to the Administrative Agent on behalf of the Lenders an amount equal to such excess
to be held as Cash Collateral as provided in Section 7.4(b). Promptly upon determining the need to make any such prepayment, the Company shall notify the Administrative Agent of such required prepayment and of the identity of the particular
Loans being prepaid. If the Administrative Agent shall notify the Company that the Administrative Agent has determined that any prepayment is required under this Section 2.10, the applicable Borrower shall make such prepayment no later than the
second Business Day following such notice. Any mandatory prepayment of Loans pursuant hereto shall not be limited by the notice or minimum prepayment requirements set forth in Section 2.9. Each such prepayment of Eurodollar Loans under this
Section 2.10 shall be accompanied by a payment of all accrued and unpaid interest on the Loans prepaid and any applicable breakage fees and funding losses pursuant to Section 2.11. 

Section 2.11. Breakage Fees. If any Lender incurs any loss, cost or expense (excluding loss of anticipated profits and other
indirect or consequential damages) by reason of the liquidation or re-employment of deposits or other funds acquired by such Lender to fund or maintain any Eurodollar Loan as a result of any of the following events other than any such occurrence as
a result of a change of circumstance described in Sections 8.1 or 8.2: 
 (a) any payment, prepayment or conversion of any such Loan on a
date other than the last day of its Interest Period (whether by acceleration, mandatory prepayment or otherwise); 
 (b) any failure to make
a principal payment of any such Loan on the due date therefor; or 
 (c) any failure by any Borrower to borrow, continue or prepay, or
convert to, any such Loan on the date specified in a notice given pursuant to Section 2.3 (other than by reason of a default of such Lender), 
 then
the applicable Borrower shall pay to such Lender such amount as will reimburse such Lender for such loss, cost or expense. If any Lender makes such a claim for compensation, it shall provide to the Company a certificate executed by an officer of
such Lender setting forth the 

  
 33 

 
amount of such loss, cost or expense in reasonable detail (including an explanation of the basis for and the computation of such loss, cost or expense) no later than ninety (90) days after
the event giving rise to the claim for compensation, and the amounts shown on such certificate shall be prima facie evidence of such Lender’s entitlement thereto. Within ten (10) days of receipt of such certificate, the applicable Borrower
shall pay directly to such Lender such amount as will compensate such Lender for such loss, cost or expense as provided herein, unless such Lender has failed to timely give notice to the Company of such claim for compensation as provided herein, in
which event no Borrower shall have any obligation to pay such claim. 
 Section 2.12. Letters of Credit. 

(a) Letters of Credit. Subject to the terms and conditions hereof and in reliance on the Lenders’ obligations under this
Section 2.12, each Issuing Bank agrees to issue, from time to time prior to the Commitment Termination Date, at the request of the Company, one or more standby letters of credit (each, a “Letter of Credit”) for
the Company’s or any of its Subsidiaries’ account in a face amount in each case of at least $25,000 or, if denominated in a Specified Currency, the Dollar Equivalent of $25,000 (or, in either case, such lesser amount as the applicable
Issuing Bank may agree to in its sole discretion); provided, that an Issuing Bank shall not be obligated to issue or amend a Letter of Credit pursuant to this Section 2.12 if (i) immediately after giving effect to the issuance or
amendment thereof, the aggregate Revolving Credit Exposure of all Lenders would exceed the Revolving Credit Commitment Amount then in effect, (ii) the issuance of such Letter of Credit would violate any legal or regulatory restriction then
applicable to such Issuing Bank or any Lender as notified by such Issuing Bank or such Lender to the Administrative Agent before the date of issuance of such Letter of Credit, (iii) immediately after giving effect to such issuance or amendment
thereof, the Dollar Equivalent of the outstanding L/C Obligations would exceed $500,000,000 (the “Letter of Credit Sublimit”), or (iv) immediately after giving effect to such issuance or amendment thereof, the
Dollar Equivalent of the L/C Obligations with respect to Letters of Credit issued by such Issuing Bank would exceed its “Maximum LC Issuance Amount” set forth opposite such Issuing Bank’s name on Schedule 2.12 attached hereto
(as may be amended from time to time by the Administrative Agent, the Company and each Issuing Bank affected thereby); and provided, further that, if there exists a Defaulting Lender, no Issuing Bank shall be required to issue a Letter
of Credit unless the Company shall have complied with Section 2.12(g) with respect to any Fronting Exposure that exists at the time of such issuance or would exist immediately after giving effect to such issuance. Letters of Credit and any
increases and extensions thereof hereunder may be issued in face amounts of Dollars or any Specified Currency. 
 (b) Issuance
Procedure. 
 (i) To request that an Issuing Bank issue a Letter of Credit, at least three (3) Business Days prior
to the date of the requested issuance (or such shorter period of time as such Issuing Bank may agree to in its sole discretion), the Company shall deliver to such Issuing Bank (x) a duly executed application for such Letter of Credit
substantially in such Issuing Bank’s customary form or in such other form as may be approved by the Company and such Issuing Bank or complete such other computerized issuance or application procedure, instituted from time to time by such
Issuing Bank and 

  
 34 

 
agreed to by the Company (each, an “Application”), including agreed-upon draft language for such Letter of Credit reasonably acceptable to the applicable Issuing
Bank, in each case, completed to the reasonable satisfaction of such Issuing Bank, and (y) such other information or documents as such Issuing Bank may reasonably request in accordance with its customary letter of credit issuance procedures.
Upon the receipt by the applicable Issuing Bank of a properly completed and, if applicable, executed Application and any other reasonably requested information in accordance with the terms of the preceding sentence, such Issuing Bank will process
such Application in accordance with its customary procedures and issue the requested Letter of Credit on the requested issuance date. In the event of any conflict or inconsistency between the terms and conditions of this Agreement and an
Application, the provisions of this Agreement shall govern, and in the event that any Application contains provisions that impose obligations on the Company or grant rights to such Issuing Bank beyond those imposed or granted under this Agreement
and the other Loan Documents, such provisions shall be of no force or effect and shall not be binding on the Company. Unless the applicable Issuing Bank has received notice from the Administrative Agent prior to the requested issuance that any of
the conditions to issuance (whether set forth herein, in Section 4.2 or otherwise) have not been satisfied, the applicable Issuing Bank may assume that all such conditions have been satisfied. The Company may cancel any request to issue a
Letter of Credit at any time prior to the actual issuance thereof by providing the applicable Issuing Bank with written notice thereof. An Issuing Bank that issues a Letter of Credit will notify the Administrative Agent of the account party, amount,
currency, and expiration date of such Letter of Credit, and whether such Issuing Bank classifies such Letter of Credit as a Facility Performance Letter of Credit, promptly following the issuance thereof. Each Letter of Credit shall have an
expiration date no later than five (5) Business Days before the Commitment Termination Date (subject to Section 2.12(b)(iii)). Each Issuing Bank that issues a Letter of Credit agrees to issue amendments to any Letter of Credit increasing
its amount, or extending its expiration date, at the request of the applicable Borrower, subject to the conditions precedent set forth in Section 4.2 (which each Issuing Bank may assume are satisfied unless notified otherwise by the
Administrative Agent in accordance with this Section 2.12(b)) and the other terms and conditions of this Section 2.12. 

(ii) If the Company so requests in any applicable Application, the relevant Issuing Bank shall agree to issue a Letter of
Credit that has automatic renewal provisions (each, an “Auto-Renewal Letter of Credit”); provided that (i) any such Auto-Renewal Letter of Credit must permit such Issuing Bank 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 in each such twelve-month period to be agreed upon at the time such Letter
of Credit is issued (and such Issuing Bank shall give such notice of non-renewal to the beneficiary if so directed by the Company) and (ii) such Issuing Bank will not permit the renewal of any Letter of Credit that would result in the
expiration date of such Letter of Credit being later than the date that is five (5) Business Days prior to the Commitment Termination Date (subject to Section 2.12(b)(iii)). Unless otherwise notified in writing to the Company by the
applicable Issuing Bank, the Company shall not be required to make a specific request to 

  
 35 

 
such Issuing Bank 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 applicable Issuing Bank to
permit the renewal of such Letter of Credit at any time to an expiry date not later than the earlier of (i) one year from the date of such renewal and (ii) the date that is five (5) Business Days prior to the Commitment Termination
Date (subject to Section 2.12(b)(iii)); provided that the Issuing Bank shall not permit any such renewal if (x) the Issuing Bank has determined that it would have no obligation at such time to issue such Letter of Credit in its
renewed form under the terms hereof (by reason of the provisions of Section 2.12 or otherwise), or (y) it has received notice on or before the day that is two (2) Business Days before the date which has been agreed upon pursuant to
the proviso of the first sentence of this paragraph, from the Administrative Agent, any Lender or the Company that one or more of the applicable conditions specified in Section 4.2 are not then satisfied. 

(iii) Notwithstanding anything to the contrary herein, any Letter of Credit (including an Auto-Renewal Letter of Credit) may
have an expiration date later than five (5) Business Days before the Commitment Termination Date, if (x) the Company shall provide or cause to be provided, no later than the Commitment Termination Date, (1) Cash Collateral in an
amount equal to 102% of the undrawn face amount of such Letter of Credit or (2) a back-to-back letter of credit in an amount equal to 102% of the undrawn face amount of such Letter of Credit from a bank or financial institution whose short-term
unsecured debt rating is rated A or above from either S&P or Moody’s (or such other bank or financial institution satisfactory to the applicable Issuing Bank) and which provides that such Issuing Bank may make a drawing thereunder in the
event that such Issuing Bank pays a drawing under such Letter of Credit or (y) other arrangements satisfactory to the applicable Issuing Bank in its sole discretion shall have been made with respect to such Letter of Credit; provided,
each Lender’s participation under Section 2.12(d) in any such Letter of Credit shall revert to such Issuing Bank on the Commitment Termination Date, and no Lender shall be entitled to any Letter of Credit fees pursuant to
Section 3.1(b) on and after the Commitment Termination Date. Each Issuing Bank that issues a Letter of Credit agrees to issue amendments to any Letter of Credit increasing its amount, or extending its expiration date, at the request of the
Company, subject to the conditions precedent set forth in Section 4.2 (which each Issuing Bank may assume are satisfied unless notified otherwise by the Administrative Agent) and the other terms and conditions of this Section 2.12. 

(c) The Company’s Reimbursement Obligations. 

(i) The Company hereby irrevocably and unconditionally agrees to reimburse each Issuing Bank for each payment or disbursement
made by such Issuing Bank to settle its obligations under any draft drawn or other payment made under a Letter of Credit (a “Reimbursement Obligation”) within two (2) Business Days of the date that the Company
receives notice from such Issuing Bank that such draft has been paid or such other payment has been made (and such Issuing Bank hereby agrees to give the Company such notice within one (1) Business Day after such draft is drawn or such other
payment is made). The Reimbursement Obligations shall bear interest (which the 

  
 36 

 
Company hereby promises to pay) from and after the date such draft is paid or other payment is made until (but excluding the date) such Reimbursement Obligation is paid at the lesser of
(x) the Highest Lawful Rate, or (y) the Base Rate (in the case of a Letter of Credit payable in Dollars) or the rate of interest that would then be applicable hereunder to an Eurodollar Loan with an Interest Period of one month (in the
case of a Letter of Credit payable in any Specified Currency), plus in either such case the Applicable Margin, in each case so long as such Reimbursement Obligation shall not be past due, and thereafter at the default rate per annum as set forth in
Section 2.7(c), whether or not the Commitment Termination Date shall have occurred. If any such payment or disbursement is reimbursed to an Issuing Bank on the date such payment or disbursement is made by such Issuing Bank, interest shall be
paid on the reimbursable amount for one (1) day. 
 (ii) In determining whether to honor any drawing under any Letter of
Credit by the beneficiary(ies) thereof, the parties hereto agree that, with respect to drafts or other documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the applicable Issuing Bank
may, in its sole discretion, either accept and make payment upon such drafts or other documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such
documents if such documents are not in strict compliance with the terms of such Letter of Credit, provided that the foregoing shall not be construed to excuse the relevant Issuing Bank from liability to the Borrowers to the extent of any direct
damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrowers to the extent permitted by applicable law) suffered by the Borrowers that are caused by such Issuing Bank’s failure to exercise care
when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of an Issuing Bank,
such Issuing Bank shall be deemed to have exercised care in each such determination. For the avoidance of doubt, the parties hereto further acknowledge and agree that in respect of any Letter of Credit that contains a non-documentary condition,
including any determination as to whether a Borrower or other Person performed or failed to perform obligations under any contract, the applicable Issuing Bank shall deem such condition as not stated and shall disregard such condition. 

(iii) The Borrowers assume all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with
respect to its or any Credit Party’s use of such Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Borrowers from pursuing such rights and remedies as they may have against the beneficiary
or transferee at law or under any other agreement. Neither an Issuing Bank nor any of its respective officers or directors shall be liable or responsible for: (a) the use which may be made of any Letter of Credit or any proceeds therefrom or
any acts or omissions of any beneficiary or transferee in connection therewith; (b) the validity, sufficiency or genuineness of documents, or of any endorsement thereon, even if such documents should prove to be in any or all respects invalid,
insufficient, fraudulent or forged; or (c) any other circumstances (whether or not 

  
 37 

 
similar to any of the foregoing) whatsoever in making or failing to make payment under any Letter of Credit, including such Issuing Bank’s own negligence but not for such Issuing Bank’s
gross negligence or willful misconduct. 
 (iv) The Company agrees for the benefit of each Issuing Bank and each Lender that,
notwithstanding any provision of any Application, the obligations of the Company under this Section 2.12(c) and each applicable Application shall be absolute, unconditional and irrevocable and shall be performed strictly in accordance with the
terms of this Agreement and each applicable Application under all circumstances whatsoever (other than the defense of payment in accordance with this Agreement), including, without limitation, the following circumstances (subject in all cases to the
defense of payment in accordance with this Agreement): 
 (1) any lack of validity or enforceability of any of the L/C
Documents; 
 (2) any amendment or waiver of or any consent to depart from all or any of the provisions of any of the L/C
Documents; 
 (3) the existence of any claim, set-off, defense or other right the Company may have at any time against a
beneficiary of a Letter of Credit (or any person for whom a beneficiary may be acting), an Issuing Bank, any Lender or any other Person, whether in connection with this Agreement, another L/C Document or any unrelated transaction; 

(4) any statement or any other document presented under a 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; 
 (5) payment by any
Issuing Bank under a Letter of Credit against presentation to such Issuing Bank of a draft or certificate that does not comply with the terms of the Letter of Credit; or 

(6) any other act or omission to act or delay of any kind by any Issuing Bank, any Lender or any other Person or any other
event or circumstance whatsoever that might, but for the provisions of this Section 2.12(c), constitute a legal or equitable discharge of the Company’s obligations hereunder or under an Application; 

provided, however, the foregoing shall not be construed to excuse an Issuing Bank from liability to the Company to the extent of any direct damages
(but excluding consequential damages, which are hereby waived to the extent not prohibited by applicable law) suffered by the Company that are caused by such Issuing Bank’s gross negligence or willful misconduct. 

(d) The Participating Interests. Each Lender severally and not jointly agrees to purchase from each Issuing Bank, and such Issuing Bank
hereby agrees to sell to each Lender, an undivided percentage participating interest, to the extent of its Percentage, in each Letter of Credit issued by, and Reimbursement Obligation owed to, such Issuing Bank in connection with 

  
 38 

 
a Letter of Credit. Upon any failure by the Company to pay any Reimbursement Obligation in connection with a Letter of Credit issued by an Issuing Bank at the time required in Sections 2.12(c)
and 2.3(e), or if such Issuing Bank is required at any time to return to the Company or to a trustee, receiver, liquidator, custodian or other Person any portion of any payment by the Company of any Reimbursement Obligation in connection with a
Letter of Credit, such Issuing Bank shall promptly give notice of same to each Lender, and such Issuing Bank shall have the right to require each Lender to fund its participation in such Reimbursement Obligation. Each Lender (except the Issuing Bank
that issued such Letter of Credit, if it is also a Lender) shall pay to such Issuing Bank an amount equal to such Lender’s Percentage of such unpaid or recaptured Reimbursement Obligation (after converting, if necessary, such Reimbursement
Obligation into Dollars using the applicable Exchange Rate in effect on such date) not later than the Business Day it receives notice from such Issuing Bank to such effect, if such notice is received before 2:00 p.m., or not later than the following
Business Day if such notice is received after such time. If a Lender fails to pay timely such amount to an Issuing Bank, it shall also pay to such Issuing Bank interest on such amount accrued from the date payment of such amount was made by such
Issuing Bank to the date of such payment by the Lender at a rate per annum equal to the Base Rate in effect for each such day and only after such payment shall such Lender be entitled to receive its Percentage of each payment received on the
relevant Reimbursement Obligation and of interest paid thereon. The several obligations of the Lenders to the Issuing Banks under this Section 2.12(d) shall be absolute, irrevocable and unconditional under any and all circumstances whatsoever
and shall not be subject to any set-off, counterclaim or defense to payment any Lender may have or have had against the Company, any Issuing Bank, any other Lender or any other Person whatsoever including, but not limited to, any defense based on
the failure of the demand for payment under the Letter of Credit to conform to the terms of such Letter of Credit, the legality, validity, regularity or enforceability of such Letter of Credit or force majeure and INCLUDING, BUT NOT LIMITED TO,
THOSE RESULTING FROM AN ISSUING BANK’S OWN SIMPLE OR CONTRIBUTORY NEGLIGENCE. Without limiting the generality of the foregoing, such obligations shall not be affected by any Default or Event of Default or by any subsequent reduction or
termination of any Commitment of a Lender, and each payment by a Lender under this Section 2.12 shall be made without any offset, abatement, withholding or reduction whatsoever. 

(e) Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the
Dollar Equivalent of 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 Application 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 Dollar Equivalent of 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. 
 (f) Letters of Credit Issued for 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 Subsidiary, the Company shall be obligated to reimburse the applicable Issuing Bank hereunder for any and all drawings under such Letter of
Credit. The Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Company, and that the Company’s business derives substantial benefits from the businesses of such
Subsidiaries. 

  
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 (g) Letter of Credit Fronting Exposure. If, at any time there shall exist any Fronting
Exposure with respect to Letters of Credit, then the Company shall, if the full amount of such Fronting Exposure has not been reallocated pursuant to Section 2.18(a)(iv), promptly upon the request of the Administrative Agent or the applicable
Issuing Bank, take one or more of the following actions as the Company may elect: (i) deliver to the Administrative Agent Cash Collateral to secure such unallocated Fronting Exposure in accordance with Section 7.4(b) and/or (ii) enter
into other arrangements satisfactory to such Issuing Bank (in such Issuing Bank’s sole discretion) with the Issuing Bank to eliminate such Fronting Exposure. 

Section 2.13. Reductions and Terminations of the Commitments and the Swingline Commitments. The Company shall have the right at
any time and from time to time, upon three (3) Business Days’ prior and irrevocable written notice to the Administrative Agent (or such shorter period as the Administrative Agent may agree to in its sole discretion), to terminate or reduce
the Commitments or any Swingline Lender’s Swingline Commitment, in each case, without premium or penalty, in whole or in part, provided, that any such notice may be conditioned upon the effectiveness of other credit facilities or the
closing of one or more securities offerings or other transactions, in which case such notice shall be deemed rescinded if such condition shall fail to be satisfied by the proposed effective date of such commitment termination. Any partial reduction
of the Commitments or any Swingline Commitment shall be (i) in an amount not less than $5,000,000 as determined by the Company and in integral multiples of $5,000,000 in excess thereof and (ii) as to the Commitments, allocated ratably
among the Lenders in proportion to their respective Percentages; provided, that the Revolving Credit Commitment Amount may not be reduced to an amount less than the Revolving Credit Exposure of all Lenders, after converting, if necessary, any
outstanding L/C Obligations to their Dollar Equivalent amounts in accordance with Section 10.19 and after giving effect to payments on such proposed termination or reduction date; provided, however, that for purposes of determining the
amount of L/C Obligations in the immediately preceding proviso, such L/C Obligations may be reduced on a dollar-for-dollar basis by the amount of (a) Cash Collateral for the purpose of securing such L/C Obligations, and (b) the face amount
of back-to-back letters of credit issued in connection with one or more Letters of Credit included in such L/C Obligations by a bank(s) or financial institution(s) whose short-term unsecured debt rating is rated A or above from either S&P or
Moody’s or such other bank(s) or financial institution(s) satisfactory to the Required Lenders with an expiration date of at least five (5) days after the expiration date of the applicable backstopped Letter of Credit and which provides
that the Administrative Agent may make a drawing thereunder in the event that a drawing is made under the applicable backstopped Letter of Credit; provided, further that the Revolving Credit Commitment Amount may not be reduced to an amount
less than the aggregate amount of the Swingline Commitments of all Swingline Lenders, after giving effect to any contemporaneous reduction thereof. The Administrative Agent shall give prompt notice to each Lender of any such termination or reduction
of the Commitments or any Swingline Commitment. Any termination of Commitments or any Swingline Commitment pursuant to this Section 2.13 is permanent and may not be reinstated (except in accordance with Section 2.14). 

  
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 Section 2.14. Increase of Commitments; Additional Lenders. 

(a) So long as no Event of Default has occurred and is continuing, from time to time after the Effective Date and upon at least 20 days’
written notice to the Administrative Agent (or such shorter period as Administrative Agent and Company may agree), the Company may elect to increase the Revolving Credit Commitment Amount up to a total amount not to exceed $3,500,000,000 at any time
in effect. 
 (b) The Company may designate one or more banks or other financial institutions (which may be, but need not be, one or more of
the existing Lenders) which at the time agree to, (i) in the case of any such Person that is an existing Lender, increase its Commitment and (ii) in the case of any other such Person (an “Additional Lender”),
become a party to this Agreement; provided, however, that any bank or financial institution that is not an existing Lender must be acceptable to the Administrative Agent, the Swingline Lenders and/or the Issuing Banks (in each case, which
acceptance will not be unreasonably withheld or delayed) if the consent of the Administrative Agent, the Swingline Lenders or the Issuing Banks, as the case may be, would be required to effect an assignment to such Person under
Section 10.10(b). No Lender shall have any obligation whatsoever to agree to increase its Commitment. 
 (c) An increase in the
aggregate amount of the Commitments pursuant to this Section 2.14 shall become effective upon the receipt by the Administrative Agent of a Commitment Increase Agreement signed by the Company, by each Additional Lender and by each other Lender
whose Commitment is to be increased, together with such evidence of appropriate corporate authorization on the part of the Company with respect to the increase in the Commitments and such opinions of counsel for the Company with respect to the
increase in the Commitments as the Administrative Agent may reasonably request. 
 (d) Upon the acceptance of any such Commitment Increase
Agreement by the Administrative Agent, the Revolving Credit Commitment Amount shall automatically be increased by the amount of the Commitments added through such agreement and Schedule 1A attached hereto shall be automatically updated to reflect
the Commitment amounts of each Lender immediately after giving effect to such Commitment Increase Agreement. 
 (e) On the effective date of
any increase in the aggregate amount of the Commitments pursuant to this Section 2.14 that is not pro rata among all Lenders, (i) the Borrowers, the Administrative Agent and the Lenders shall make adjustments to the outstanding principal
amount of Revolving Loans (but not any interest accrued thereon or any accrued fees prior to such date), including the repayment of Revolving Loans plus all applicable accrued interest, fees and expenses as shall be necessary to provide for
Revolving Loans by the Lenders in proportion to their respective Percentages immediately after giving effect to such increase, together with any breakage fees and funding losses that are required to be paid pursuant to Section 2.11, and each
Lender shall be deemed to have automatically made an assignment of its outstanding Revolving Loans, and assumed outstanding Revolving Loans of other Lenders as may be necessary to effect the foregoing (notwithstanding the requirements set forth in
Section 11.10), and (ii) the amount of the unfunded participations held by each Lender in each Letter of Credit and Swingline Loan then outstanding shall be adjusted such that, immediately after giving

  
 41 

 
effect to such adjustments, the Lenders shall hold unfunded participations in each such Letter of Credit and Swingline Loan in the proportion of its respective Percentage immediately after giving
effect to such increase. 
 Section 2.15. Extensions of Commitment Termination Date. So long as no Event of Default has occurred
and is continuing, no earlier than 60 days and at least 45 days prior to any anniversary of the Effective Date, the Company may (but in no event on more than two occasions during the term of this Agreement), by written notice to the Administrative
Agent, request that the Commitment Termination Date then in effect be extended for a 1-year period. On each such occasion, the Administrative Agent shall promptly notify each Lender of such request. If a Lender agrees, in its individual and sole
discretion, to so extend its Commitment (an “Extending Lender”), it shall deliver to the Administrative Agent a written notice of its agreement to do so no earlier than 30 days prior to such anniversary date and the
Administrative Agent shall promptly thereafter notify the Company of such Extending Lender’s agreement to extend its Commitment (and such agreement shall be irrevocable until such anniversary date). No Lender shall have any obligation
whatsoever to agree to extend its Commitment Termination Date. The Commitment of any Lender that fails to accept or respond to the Company’s request for extension of the Commitment Termination Date (a “Declining
Lender”) shall be terminated on the Commitment Termination Date then in effect for such Lender (without regard to any extension by other Lenders) and on such Commitment Termination Date the Borrowers shall pay in full the unpaid
principal amount of all Revolving Loans and Reimbursement Obligations owing to such Declining Lender, together with all accrued and unpaid interest thereon and all fees accrued and unpaid under this Agreement to the date of such payment of principal
and all other amounts due to such Declining Lender under this Agreement. The Administrative Agent shall promptly notify each Extending Lender of the aggregate Commitments of the Declining Lenders. Each Extending Lender may offer to increase its
respective Commitment by an aggregate amount up to the aggregate amount of the Declining Lenders’ Commitments and such Extending Lender shall deliver to the Administrative Agent a notice of its offer to so increase its Commitment no later than
15 days prior to such anniversary date (and such offer shall be irrevocable until such anniversary date). To the extent the aggregate amount of extended Commitments is less than the aggregate amount of Commitments so requested to be extended
pursuant to the foregoing, the Company shall have the right to require any Declining Lender at any time thereafter to (and any such Declining Lender shall) assign in full its rights and obligations under this Agreement to one or more banks or other
financial institutions (which may be, but need not be, one or more of the existing Lenders) which at the time agree to, in the case of any such Person that is an existing Lender, increase its Commitment and in the case of any other such Person (a
“Replacement Lender”) become a party to this Agreement; provided that (i) such assignment is otherwise in compliance with Section 10.10(b), and (ii) such Declining Lender receives payment in full
of the unpaid principal amount of all Revolving Loans and Reimbursement Obligations owing to such Declining Lender, together with all accrued and unpaid interest thereon and all fees accrued and unpaid under this Agreement to the date of such
payment of principal and all other amounts due to such Declining Lender under this Agreement. If, but only if, Extending Lenders and Replacement Lenders have agreed to provide Commitments in an aggregate amount greater than 50% of the aggregate
amount of the Commitments outstanding immediately prior to such anniversary date, the Commitment Termination Date of such Extending Lenders and Replacement Lenders shall be extended by one year effective as of such anniversary of the Effective Date.

  
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 Section 2.16. Swingline Loans. 

(a) Subject to the terms and conditions set forth herein, each Swingline Lender agrees to make Swingline Loans in Dollars to the Borrowers
from time to time prior to the Commitment Termination Date, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans made by such Swingline Lender
exceeding such Swingline Lender’s Swingline Commitment, (ii) the Revolving Credit Exposure of all Lenders exceeding the Revolving Credit Commitment Amount then in effect or (iii) the aggregate principal amount of outstanding Swingline
Loans made by such Swingline Lender exceeding such Lender’s Commitment; provided that no Swingline Lender shall be required to make a Swingline Loan to refinance an outstanding Swingline Loan and provided, further that, if there
exists a Defaulting Lender, no Swingline Lender shall be required to make a Swingline Loan unless the Company shall have complied with Section 2.16(e) with respect to any Fronting Exposure that exists at the time of such extension of credit or
would exist immediately after giving effect to such extension of credit. Within the foregoing limits and subject to the terms and conditions set forth herein, each Borrower may borrow, repay and reborrow Swingline Loans. For the avoidance of doubt,
Swingline Loans may be made by one or both Swingline Lenders, at the Company’s election, and need not be funded pro rata in accordance with each Swingline Lender’s respective share of the aggregate Swingline Commitments. 

(b) To request a Swingline Loan from any Swingline Lender, the Company on behalf of the applicable Borrower shall deliver by telephone,
facsimile or email a Swingline Request (which, if by telephone, shall be promptly confirmed in writing) to the Administrative Agent and such Swingline Lender, not later than 3:00 p.m., on the day of a proposed Swingline Loan. Each such Swingline
Request shall be irrevocable and shall specify the requested date (which shall be a Business Day), the amount of the requested Swingline Loan, the applicable Swingline Lender and the applicable Borrower. The applicable Swingline Lender shall make
such requested Swingline Loan available to the applicable Borrower to an account as directed in writing by the Company in the applicable Swingline Request maintained with the Administrative Agent by 4:00 p.m. on the requested date of such Swingline
Loan. Swingline Loans shall be made in minimum amounts of $2,500,000 and integral multiples of $100,000 above such amount. 
 (c) Each
Borrower shall have the right at any time and from time to time to repay any Swingline Loan, in whole or in part, upon giving written notice (which may be from the Company on behalf of such Borrower) to the applicable Swingline Lender and the
Administrative Agent before 12:00 noon on the proposed date of repayment. 
 (d) Any Swingline Lender may at any time in its discretion by
written notice given to the Administrative Agent (provided such notice requirement shall not apply if such Swingline Lender and the Administrative Agent are the same entity) not later than 11:00 a.m. on the next succeeding Business Day
following such notice require the Lenders to acquire 

  
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participations on such Business Day in all or a portion of the Swingline Loans by such Swingline Lender then outstanding. Such notice shall specify the aggregate amount of Swingline Loans in
which Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent, or if such Swingline Lender and the Administrative Agent are the same entity, such Swingline Lender, will give notice thereof to each Lender, specifying
in such notice such Lender’s applicable Percentage of such Swingline Loan or Swingline Loans. Each Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the
account of the applicable Swingline Lender, such Lender’s Percentage of such Swingline Loan or Swingline Loans. Each Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is
absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or Event of Default or reduction or termination of the Revolving Credit Commitment Amount and that each such
payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in
Section 2.5(a) with respect to Loans made by such Lender, and the Administrative Agent shall promptly pay to the applicable Swingline Lender the amounts so received by it from the Lenders. The Administrative Agent shall notify the Company of
any participations in any Swingline Loan acquired by the Lenders pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to such Swingline Lender. Any amounts received
by such Swingline Lender from any Borrower (or other party on behalf of any Borrower) in respect of a Swingline Loan by such Swingline Lender after receipt by such Swingline Lender of the proceeds of a sale of participations therein shall be
promptly remitted to the Administrative Agent. Any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Lenders that shall have made their payments pursuant to this paragraph, as their
interests may appear. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the Borrowers of any default in the payment thereof. 

(e) If, at any time there shall exist any Fronting Exposure with respect to the Swingline Exposure (or any Fronting Exposure would result from
the making of any requested Swingline Loan), then the Company shall, if the full amount of such Fronting Exposure has not been (or, following the making of such requested Swingline Loan would not be able to be) reallocated pursuant to
Section 2.18(a)(iv), promptly upon the request of the Administrative Agent or the applicable Swingline Lender (or, with respect to any such requested Swingline Loan, prior to the making of such Swingline Loan), deliver to the Administrative
Agent Cash Collateral, in accordance with Section 7.4(b), to secure such unallocated Fronting Exposure, and such Cash Collateral shall be applied as a prepayment on Defaulting Lenders’ participation in such Swingline Loans so as to
eliminate such Fronting Exposure and applied as a prepayment on the outstanding principal amount of such Swingline Loans so as to reduce the outstanding principal amount of such Swingline Loans by an equivalent amount. 

Section 2.17. Designated Borrowers. 

(a) The Company hereby designates NIFCO as a Designated Borrower as of the Effective Date. The Company may at any time and from time to time
after the Effective 

  
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Date, upon not less than fifteen (15) Business Days’ notice from the Company to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its sole
discretion), designate additional Designated Borrowers to receive Loans hereunder by delivering to the Administrative Agent (which shall promptly deliver counterparts thereof to each Lender) a duly executed notice and agreement in substantially the
form of Exhibit 2.17A (a “Designated Borrower Request and Assumption Agreement”). Following the giving of any notice pursuant to this Section 2.17(a), if the designation of any such Designated Borrower obligates
the Administrative Agent or any Lender to comply with “know your customer” or similar identification procedures in circumstances where the necessary information is not already available to it, the Company shall, promptly upon the request
of the Administrative Agent or any Lender, supply such documentation and other evidence as is reasonably requested by the Administrative Agent or any Lender in order for the Administrative Agent or such Lender to carry out and be satisfied it has
complied with the results of all necessary “know your customer” or other similar checks under all applicable laws and regulations. 

(b) Within five (5) Business Days after receiving notice from the Company or the Administrative Agent of the Company’s intent to
designate a Subsidiary as a Designated Borrower for a Designated Borrower that is organized under the laws of a jurisdiction other than of the United States or a political subdivision thereof, any Lender that may not legally lend to, establish
credit for the account of and/or do any business whatsoever with such Designated Borrower directly or through an Affiliate of such Lender as provided in the immediately preceding paragraph or shall otherwise object to such designation (such
objection not to be unreasonably exercised) (a “Protesting Lender”) shall so notify the Company and the Administrative Agent in writing. With respect to each Protesting Lender, the Company shall, effective on or before
the date that such Designated Borrower shall have the right to borrow hereunder, (A) notify the Administrative Agent and such Protesting Lender that the Commitments of such Protesting Lender shall be terminated and either (1) the Borrowers
shall pay in full the unpaid principal amount of all Revolving Loans and Reimbursement Obligations owing to such Protesting Lender, together with all accrued and unpaid interest thereon and all fees accrued and unpaid under this Agreement to the
date of such payment of principal and all other amounts due to such Protesting Lender under this Agreement, or (2) the Company shall have the right to require any Protesting Lender at any time thereafter to (and any such Protesting Lender
shall) assign in full its rights and obligations under this Agreement to one or more banks or other financial institutions (which may be, but need not be, one or more existing Lenders) which at the time agree to, in the case of any such Person that
is an existing Lender, increase its Commitment and in the case of any other Person become a party to this Agreement; provided that (x) such assignment is otherwise in compliance with Section 10.10(b), and (y) such Protesting
Lender receives payment in full of the unpaid principal amount of all Revolving Loans and Reimbursement Obligations owing to such Protesting Lender, together with all accrued and unpaid interest thereon and all fees accrued and unpaid under this
Agreement to the date of such payment of principal and all other amounts due to such Protesting Lender under this Agreement; or (B) cancel its request to designate such Subsidiary as a “Designated Borrower” hereunder. 

(c) The parties hereto acknowledge and agree that prior to any Designated Borrower other than NIFCO becoming a Borrower hereunder, the
Administrative Agent and the 

  
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Lenders shall have received the duly executed Co-Borrower Cross-Guaranty by the Borrowers, together with such supporting resolutions, incumbency certificates, opinions of counsel and other
documents or information, in form, content and scope reasonably satisfactory to the Administrative Agent, as may be required by the Administrative Agent or the Required Lenders, and Notes signed by such Designated Borrower to the extent any Lenders
so require. Promptly following receipt of the Co-Borrower Cross-Guaranty and all such requested resolutions, incumbency certificates, opinions of counsel and other documents or information, the Administrative Agent shall send a notice in
substantially the form of Exhibit 2.17B (a “Designated Borrower Notice”) to the Company and the Lenders specifying the effective date upon which such Designated Borrower shall constitute a Borrower for purposes hereof,
whereupon each of the Lenders agrees to permit such Designated Borrower to receive Loans hereunder, on the terms and conditions set forth herein, and each of the parties agrees that such Designated Borrower otherwise shall be a Borrower for all
purposes of this Agreement. 
 (d) The Obligations of each Designated Borrower shall be guaranteed by the Company, and the
Obligations of the Company shall be guaranteed by each Designated Borrower, pursuant to the Co-Borrower Cross-Guaranty. 
 (e) Each
Designated Borrower (including NIFCO) hereby irrevocably appoints the Company as its agent for all purposes relevant to this Agreement and each of the other Credit Documents, including (i) the giving and receipt of notices, (ii) the
execution and delivery of all documents, instruments and certificates contemplated herein and all modifications hereto, and (iii) the receipt of the proceeds of any Loans made by the Lenders, to any such Designated Borrower hereunder. Any
acknowledgment, consent, direction, certification or other action which might otherwise be valid or effective only if given or taken by all Borrowers, or by each Borrower acting singly, shall be valid and effective if given or taken only by the
Company, whether or not any such other Borrower joins therein. Any notice, demand, consent, acknowledgement, direction, certification or other communication delivered to the Company in accordance with the terms of this Agreement shall be deemed to
have been delivered to each Designated Borrower. 
 (f) The Company may from time to time, upon not less than fifteen (15) Business
Days’ notice from the Company to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its sole discretion), terminate a Designated Borrower’s status as such, provided that there are no
outstanding Loans payable by such Designated Borrower, or other amounts payable by such Designated Borrower on account of any Loans made to it, as of the effective date of such termination. The Administrative Agent will promptly notify the Lenders
of any such termination of a Designated Borrower’s status. 
 Section 2.18. Defaulting Lenders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement or any other Credit Document, if any Lender
becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 

  
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 (i) Waivers and Amendments. Such Defaulting Lender’s right to approve
or disapprove any amendment, waiver or consent with respect to this Agreement or any other Credit Document shall be restricted as set forth in Section 10.11. 

(ii) Reallocation of Payments. Any payment of principal, interest, fees or other amounts received by the Administrative
Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article 7 or otherwise, and including any amounts made available to the Administrative Agent by such Defaulting Lender pursuant to
Section 10.6), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second,
to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuing Banks or Swingline Lenders hereunder; third, if so determined by the Administrative Agent or requested by the Issuing Banks or Swingline Lenders,
to be held as Cash Collateral for future funding obligations of such Defaulting Lender of any participation in any Letter of Credit or for application as a prepayment on such Defaulting Lender’s participation in any Swingline Loan;
fourth, as the Company may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined
by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Company, to be held in a non-interest bearing deposit account and released pro rata in order to (x) satisfy obligations of such Defaulting Lender to
fund Loans under this Agreement and (y) be held as Cash Collateral with respect to future Letters of Credit issued under this Agreement; sixth, to the payment of any amounts owing to the Lenders, the Issuing Banks or Swingline Lenders as
a result of any judgment of a court of competent jurisdiction obtained by any Lender, the Issuing Banks or Swingline Lenders against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement;
seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to a Credit Party as a result of any judgment of a court of competent jurisdiction obtained by such Credit Party against such Defaulting Lender as
a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a
payment of the principal amount of any Loans or Reimbursement Obligations in respect of which such Defaulting Lender has not fully funded its appropriate share and (y) such Loans or Reimbursement Obligations were made at a time when the
conditions set forth in Section 4.2 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and Reimbursement Obligations owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment
of any Loans of, or Reimbursement Obligations owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in Reimbursement Obligations and Swingline Loans are held by the Lenders pro rata in accordance with
the Commitments without giving effect to Section 2.18(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held to be applied) pursuant to this Section 2.18(a)(ii) shall be deemed
paid to and redirected by such Defaulting Lender, and such Defaulting Lender shall have no recourse to any Credit Party for the payment of such 

  
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amounts, and each Lender irrevocably consents hereto and the application of such payments in accordance with this Section shall not constitute an Event of Default or a Default, and no payment of
principal of or interest on the Loans of such Defaulting Lender shall be considered to be overdue for purposes of any Credit Document, if, had such payments been applied without regard to this Section, no such Event of Default or Default would have
occurred and no such payment of principal of or interest on the Loans of such Defaulting Lender would have been overdue. 

(iii) Certain Fees. Facility fees under Section 3.1(a) shall cease to accrue on the Commitment of such Defaulting
Lender and such Defaulting Lender shall not be entitled to receive any letter of credit fees under Section 3.1(b), in each case for any period during which such Lender is a Defaulting Lender (and the Company shall not be required to pay any
such fees that otherwise would have been required to have been paid to such Defaulting Lender). 
 (iv) Reallocation of
Percentages to Reduce Fronting Exposure. During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of
Credit or Swingline Loans pursuant to Sections 2.12 and 2.16, the “Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Commitment of such Defaulting Lender; provided, that, (i) each such
reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default exists; and (ii) the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund
participations in Letters of Credit and Swingline Loans shall not exceed the positive difference, if any, of (1) the Commitment of such non-Defaulting Lender minus (2) the Revolving Credit Exposure of such non-Defaulting Lender. No
reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from the Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such
Non-Defaulting Lender’s increased exposure following such reallocation. 
 (b) Defaulting Lender Cure. If the Company, the
Administrative Agent, the Swingline Lenders and the Issuing Banks agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto,
whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase that portion of
outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held on a pro rata
basis by the Lenders in accordance with their Percentages (without giving effect to Section 2.18(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to
fees accrued or payments made by or on behalf of any Credit Party while such Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder in
any Lender’s status from Defaulting Lender to non-Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

  
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 (c) No Waiver. The rights and remedies against, and with respect to, a Defaulting Lender
under this Section 2.18 are in addition to, and cumulative and not in limitation of, all other rights and remedies that the Administrative Agent and each Lender, Issuing Bank, Swingline Lender, the Company or any other Credit Party may at any
time have against, or with respect to, such Defaulting Lender. 
 ARTICLE 3 

FEES AND PAYMENTS 

Section 3.1. Fees. 

(a) Facility Fees. The Company agrees to pay to the Administrative Agent for the account of each Lender a facility fee, which shall
accrue at the Applicable Facility Fee Rate on the daily amount of the Commitment of such Lender (whether used or unused) during the period from and including the Effective Date to but excluding the date on which such Commitment terminates;
provided that, if such Lender continues to have any Revolving Credit Exposure after its Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such Lender’s Revolving Credit Exposure from and
including the date on which its Commitment terminates to but excluding the date on which such Lender ceases to have any Revolving Credit Exposure. Accrued facility fees shall be payable in arrears on the last day of March, June, September and
December of each year, commencing on March 31, 2015, on the date(s) on which the Commitments shall have terminated and the Lenders shall have no further Revolving Credit Exposures, and on the Commitment Termination Date. All facility fees shall
be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 

(b) Letter of Credit Fees. Commencing March 31, 2015, and thereafter on the last day of each March, June, September and December,
the Company shall pay to the Administrative Agent quarterly in arrears, for the period until the next Letter of Credit fee payment date, for the ratable account of the Lenders, a non-refundable fee payable in Dollars equal to the Applicable Margin
multiplied by the outstanding face amount or increased amount of such Letter of Credit during such period calculated on the basis of a 360 day year and actual days elapsed and based on the then scheduled expiration date of the Letter of Credit;
provided, however, that with respect to any Facility Performance Letter of Credit, the applicable fee shall be payable at a rate equal to 60% of such Applicable Margin; provided further, if any Lender shall become a Defaulting
Lender, then without prejudicing any right or remedy that the Company may have with respect to, on account of, arising from or relating to any event pursuant to which such Lender shall be a Defaulting Lender, no such letter of credit fee shall
accrue for the account of such Lender from and after the date upon which such Lender shall have become a Defaulting Lender until such time as such Lender is no longer a Defaulting Lender. For any Letter of Credit issued with a face amount in any
Specified Currency, the fees shall be converted into Dollars using the applicable Exchange Rate in effect five (5) Business Days before any fee 

  
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with respect thereto shall be due and payable hereunder. In addition, the Company shall pay to each Issuing Bank solely for such Issuing Bank’s account, in connection with each Letter of
Credit issued by such Issuing Bank, customary issuance and administrative fees, fronting fees and expenses for such Letter of Credit as agreed from time to time between such Issuing Bank and the Company. 

(c) Administrative Agent and Arrangement Fees. The Company shall pay to the Administrative Agent the fees from time to time agreed to
by the Company and the Administrative Agent and the arrangement fees previously agreed to by the Company and the Co-Arrangers. 
 (d)
Payment of Fees. All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent for distribution, in the case of facility fees and Letter of Credit fees (other than issuance and
administrative fees payable to the Issuing Banks), to the Lenders. 
 Section 3.2. Place and Application of Payments. 

(a) All payments of principal of and interest on the Loans, Reimbursement Obligations and all fees and other amounts payable by any Credit
Party under the Credit Documents shall be made free and clear of any set-off, counterclaim or defense by such Credit Party to the Administrative Agent (or, in the case of any customary issuance and administrative fees, fronting fees and expenses in
respect of Letters of Credit described in Section 3.1(b), to the applicable Issuing Bank and, in the case of Swingline Loans, to the applicable Swingline Lender, except as provided in Section 2.16), for the benefit of the Lenders and the
Issuing Banks entitled to such payments, in immediately available funds on the due date thereof no later than 2:00 p.m. in the applicable Administrative Agent’s Account or such other location as the Administrative Agent may designate in writing
to the Company. Any payments received by the Administrative Agent from any Credit Party after the time specified in the preceding sentence shall be deemed to have been received on the next Business Day. If the applicable Borrower does not, or is
unable for any reason to, effect payment of a Reimbursement Obligation owing to an Issuing Bank with respect to a Letter of Credit issued in a Specified Currency in such Specified Currency or if the applicable Borrower shall default in the payment
when due of any payment in a Specified Currency, such payment shall be made to the Lenders in the Dollar Equivalent of such currency determined in accordance with Section 10.19. The Administrative Agent will, on the same day each payment is
received or deemed to have been received in accordance with this Section 3.2, cause to be distributed like funds to each Lender owed an Obligation for which such payment was received, pro rata based on the respective amounts of such type
of Obligation then owing to each Lender. 
 (b) If any payment received by the Administrative Agent under any Credit Document is
insufficient to pay in full all amounts then due and payable to the Administrative Agent and the Lenders under the Credit Documents, such payment shall be distributed by the Administrative Agent and applied by the Administrative Agent and the
Lenders in the order set forth in Section 7.7. In calculating the amount of Obligations owing each Lender other than for principal and interest on Loans and Reimbursement Obligations and fees under Section 3.1, the Administrative Agent
shall only be required to include such other Obligations that Lenders have certified to the Administrative Agent in writing are due to such Lenders. 

  
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 Section 3.3. Withholding Taxes. 

(a) Payments Free of Withholding. Except as otherwise required by law, each payment by or on behalf of the Borrowers to any Lender,
Issuing Bank, Swingline Lender or the Administrative Agent under this Agreement or any other Credit Document shall be made without withholding for or on account of any present or future taxes. If any such withholding is so required by law (as
determined in the reasonable discretion of the applicable Borrower), the applicable Borrower shall make the withholding and pay the amount withheld to the appropriate Governmental Authority before penalties attach thereto or interest accrues
thereon. Moreover, in the case of any such present or future taxes imposed by or within the jurisdiction in which the applicable Borrower is incorporated, any jurisdiction from which the applicable Borrower makes any payment under this Agreement or
any other Credit Document, or (in each case) any political subdivision or taxing authority thereof or therein, excluding, in the case of each Lender, Issuing Bank, Swingline Lender and the Administrative Agent, the following taxes (whether imposed
on or with respect to such Lender, Issuing Bank, Swingline Lender or Administrative Agent or required to be withheld or deducted from any payment by or on account of any obligation of any Borrower under any Credit Document): 

(i) taxes imposed on, based upon, or measured by such Lender’s, Issuing Bank’s, Swingline Lender’s or the
Administrative Agent’s net income, profits, gains, overall revenues or receipts, and branch profits, franchise and similar taxes imposed on it, in each case, as a result of a present or former connection between the taxing jurisdiction and such
Lender (including any applicable Lending Office), such Issuing Bank, Swingline Lender or Administrative Agent, or any owner or affiliate thereof, as the case may be, other than connections arising from such Lender’s, Issuing Bank’s,
Swingline Lender’s or the Administrative Agent’s having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction
pursuant to, or enforced, any Credit Document, or sold or assigned an interest in any Credit Document; 
 (ii) taxes imposed
(other than pursuant to FATCA) by the United States of America (or any political subdivision thereof or tax authority therein) on or with respect to a Lender, Issuing Bank, Swingline Lender or Administrative Agent organized under the laws of a
jurisdiction outside of the United States, except to the extent that such tax is imposed as a result of any change in applicable law, regulation or treaty (other than any addition of or change in any “anti-treaty shopping,”
“limitation of benefits,” or similar provision applicable to a treaty) (a) after the date hereof, in the case of each Lender, Issuing Bank, Swingline Lender 

  
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or Administrative Agent originally a party hereto, (b) in the case of any Purchasing Lender (as defined in Section 10.10(b)) or other Issuing Bank or Administrative Agent, after the
date on which it becomes a Lender, Issuing Bank or Administrative Agent, as the case may be (unless such Purchasing Lender or Issuing Bank acquired its interest following a request by the Company under Section 8.6), or (c) after the
designation by such Lender, Issuing Bank, Swingline Lender or Administrative Agent of a new Lending Office (other than pursuant to this Section 3.3(a) or Section 8.3(c)); except in each case to the extent that, pursuant to this
Section 3.3(a), amounts with respect to such taxes were payable either to such Lender’s, Issuing Bank’s, Swingline Lender’s or Administrative Agent’s assignor immediately before such Lender, Issuing Bank, Swingline Lender or
Administrative Agent became a party hereto or to such Lender, Issuing Bank, Swingline Lender or Administrative Agent immediately before it changed its Lending Office; 

(iii) taxes imposed by the United States of America pursuant to FATCA on or with respect to a Lender, Issuing Bank, Swingline
Lender or Administrative Agent organized under the laws of a jurisdiction outside of the United States; or 
 (iv) taxes
which would not have been imposed but for (a) the failure of such Lender, Issuing Bank, Swingline Lender or the Administrative Agent, as the case may be, to provide on a timely basis (I) the applicable forms prescribed by the Internal
Revenue Service, as required pursuant to Section 3.3(b) (unless excused pursuant to Section 3.3(c)) and Section 3.3(e), or (II) any other form, certification, documentation or proof which is reasonably requested by any Borrower or the
Administrative Agent or (b) a determination by a taxing authority or a court of competent jurisdiction that a form, certification, documentation or other proof provided by such Lender, Issuing Bank, Swingline Lender or the Administrative Agent
to establish an exemption from such tax, assessment or other governmental charge is false or not properly completed; 
 (all such present or future taxes,
other than the taxes described in the preceding clauses (i) through (iv), “Indemnified Taxes”), the applicable Borrower shall forthwith pay such additional amount as may be necessary to ensure that the net amount actually
received by each Lender, Issuing Bank, Swingline Lender and the Administrative Agent is free and clear of any such taxes that are Indemnified Taxes (including Indemnified Taxes on such additional amount) and is equal to the amount that such Lender,
Issuing Bank, Swingline Lender or the Administrative Agent (as the case may be) would have received had withholding of any Indemnified Taxes not been made. If any Borrower pays any Indemnified Taxes, or any penalties or interest in connection
therewith, it shall deliver official tax receipts evidencing the payment or certified copies thereof, or other evidence of payment if such tax receipts have not yet been received by such Borrower (with such tax receipts to be delivered within
fifteen (15) days after being actually received), to the Lender, Swingline Lender, Issuing Bank or the Administrative Agent on whose account such withholding was made (with a copy to the Administrative Agent if not the recipient of the
original) within fifteen (15) days after being actually received. If the Administrative Agent, any Issuing Bank, any Swingline Lender or any Lender pays any Indemnified Taxes which any Borrower has failed to withhold or pay to the appropriate
Governmental Authority, or any penalties or interest in connection therewith, such Borrower shall reimburse the Administrative Agent, that Issuing Bank, that Swingline Lender or that Lender for the payment in the currency in which such payment was
made within thirty (30) days after the receipt of written demand therefor. Such Lender, Issuing Bank, Swingline Lender or the Administrative Agent shall make written demand on the Company for reimbursement hereunder no later than ninety
(90) days after the earlier of (i) the date on which such Lender, 

  
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Issuing Bank, Swingline Lender or the Administrative Agent makes payment of the Indemnified Taxes, penalties and interest, and (ii) the date on which the relevant taxing authority or other
Governmental Authority makes written demand upon such Lender, Issuing Bank, Swingline Lender or the Administrative Agent for payment of the Indemnified Taxes, penalties and interest. Any such demand shall describe in reasonable detail such
Indemnified Taxes, penalties or interest, including the amount thereof if then known to such Lender, Issuing Bank, Swingline Lender or the Administrative Agent, as the case may be. In the event that such Lender, Swingline Lender, Issuing Bank or the
Administrative Agent fails to give the Company timely notice as provided herein, no Borrower shall have any obligation to pay such claim for reimbursement. In the event that any taxing authority notifies a Borrower that it has improperly failed to
withhold any taxes (other than Indemnified Taxes) from a payment to any Lender, Issuing Bank, Swingline Lender or the Administrative Agent under this Agreement or any other Credit Document, such Borrower shall timely and fully pay such taxes to such
taxing authority and such Lender, Issuing Bank, Swingline Lender or Administrative Agent, as the case may be, shall pay the amount of such taxes to such Borrower within thirty (30) days after the receipt of written demand therefor. If a
Borrower is or will be required to pay an additional amount to a Lender, an Issuing Bank, a Swingline Lender or the Administrative Agent pursuant to this Section 3.3(a), then such payee shall use reasonable efforts to take requested measures
(including changing the jurisdiction of its Lending Office) so as to reduce or eliminate any such amounts which may thereafter accrue, if such change would not otherwise be materially disadvantageous to such payee. 

(b) U.S. Withholding Tax Exemptions. 

(i) Each Lender, Swingline Lender or Issuing Bank that is not a United States person (as such term is defined in
Section 7701(a)(30) of the Code) shall submit to the Borrowers and the Administrative Agent two copies of a properly completed and duly executed certification on the applicable United States Internal Revenue Service Form W-8 or W-8-BEN-E (or
any successor form) wherein such Lender, Swingline Lender or Issuing Bank either (x) claims entitlement to complete exemption from U.S. federal withholding tax with respect to payments to be received pursuant to the Credit Documents (as if such
payments were U.S. source) or (y) certifies that it is not a United States person, provided, that, in the case of subclause (y), such Lender, Swingline Lender or Issuing Bank also shall submit a certificate substantially in the form of
the applicable Exhibit 3.3 to the effect that such Lender, Swingline Lender or Issuing Bank is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10-percent shareholder” of the Borrowers within the
meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code. 

(ii) Upon the request of any Borrower or the Administrative Agent, each Lender, Swingline Lender or Issuing Bank that is not a
United States person (as such term is defined in Section 7701(a)(3) of the Code) shall submit to the Borrowers and the Administrative Agent properly completed and duly executed copies of any additional forms of the United States Internal
Revenue Service (or any such successor forms as shall be adopted from time to time by the relevant United States taxing authorities) that such 

  
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Borrower believes to be reasonably necessary to accomplish exemption from (or a reduced rate of) withholding obligations under then-applicable United States law or that the Administrative Agent
believes to be necessary to facilitate the Administrative Agent’s performance under this Agreement; provided that the submission of such documentation shall not be required if in the Lender’s, Swingline Lender’s or Issuing
Bank’s reasonable judgment, such submission would subject such Lender, Swingline Lender or Issuing Bank to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender, Swingline Lender
or Issuing Bank. 
 (iii) Each Lender, Swingline Lender or Issuing Bank that is a United States person (as such term is
defined in Section 7701(a)(30) of the Code) shall submit to the Borrowers and the Administrative Agent two duly completed and signed copies of IRS Form W-9 certifying to the effect that it is a United States person and is exempt from U.S.
withholding tax. 
 (iv) Each Lender, Swingline Lender and Issuing Bank agrees that if any form or certification it
previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrowers and the Administrative Agent in writing of its legal inability to do so. 

(c) Inability of Lender to Submit Forms. If any Lender, Swingline Lender or Issuing Bank determines in good faith, as a result of any
change in applicable law, regulation or treaty, or in any official application or interpretation thereof, that (i) it is not legally able to submit to the Borrowers or Administrative Agent any form or certificate that such Lender, Swingline
Lender or Issuing Bank is obligated to submit pursuant to Section 3.3(b), (ii) it is required to withdraw or cancel any such form or certificate previously submitted, or (iii) any such form or certificate otherwise becomes ineffective
or inaccurate, such Lender, Swingline Lender or Issuing Bank shall promptly notify the Borrowers and Administrative Agent of such fact, and such Lender, Swingline Lender or Issuing Bank shall to that extent not be obligated to provide any such form
or certificate and will be entitled to withdraw or cancel any affected form or certificate, as applicable. 
 (d) FATCA
Certification. Each Lender, Issuing Bank and Swingline Lender that is not a United States person (as such term is defined in Section 7701(a)(30) of the Code) hereby represents and warrants that it is entitled to complete exemption from U.S.
federal withholding tax under FATCA with respect to payments to be received pursuant to any Credit Document or L/C Document (as if such payments were U.S. source), and agrees to use its reasonable best efforts to maintain such exemption. In the
event that any such Lender, Issuing Bank or Swingline Lender ceases to maintain such exemption, it shall promptly so notify the Borrowers and Administrative Agent in writing. 

(e) FATCA Compliance. If any payment required to be made to any Lender, Swingline Lender or Issuing Bank under this Agreement or any
other Credit Document or L/C Document would be subject to taxes imposed by the United States pursuant to FATCA as a result of such Lender, Swingline Lender or Issuing Bank failing to comply with the applicable reporting requirements of FATCA
(including those contained in Section 1471(b) or 1472(b) of 

  
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the Code, as applicable), such Lender, Swingline Lender or Issuing Bank shall submit to any Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times
reasonably requested by any Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by any
Borrower or the Administrative Agent as may be necessary for such Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender, Swingline Lender or Issuing Bank has complied with its
obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 3.3(e), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

(f) Refund of Taxes. If any Lender, Issuing Bank, Swingline Lender or the Administrative Agent receives a refund or credit of any
Indemnified Tax or any tax referred to in Section 10.3 with respect to which any Borrower has paid any amount pursuant to this Section 3.3 or Section 10.3, such Lender, such Issuing Bank, such Swingline Lender or the Administrative
Agent shall pay the amount of such refund or credit (including any interest received with respect thereto) to such Borrower within fifteen (15) days after receipt thereof. A Lender, Issuing Bank, Swingline Lender or the Administrative Agent
shall provide, at the sole cost and expense of the Borrower, such assistance as the Company or such Borrower may reasonably request in order to obtain such a refund or credit; provided, however, that none of the Administrative Agent, any
Lender, any Issuing Bank or any Swingline Lender shall in any event be required to disclose any information to any Borrower with respect to the overall tax position (or any other information relating to taxes that such Person reasonably determines
to be confidential) of the Administrative Agent, Issuing Bank, Swingline Lender or such Lender. Notwithstanding anything to the contrary in this Section 3.3(f), in no event will any Lender, Swingline Lender or Issuing Bank be required to pay
any amount to a Borrower pursuant to this Section 3.3(f) the payment of which would place such Lender, Swingline Lender or Issuing Bank in a less favorable net after-tax position than such Lender, Swingline Lender or Issuing Bank would have
been in if the applicable tax giving rise to such refund had not been deducted, withheld or otherwise imposed. 
 (g) Survival. Each
party’s obligations under this Section 3.3 shall survive the resignation or replacement of the Administrative Agent, any assignment of rights by or replacement of a Lender or Issuing Bank, the termination of the Commitments, and repayment,
satisfaction or discharge of all obligations under any Credit Document or L/C Document. 
 ARTICLE 4 

CONDITIONS PRECEDENT 

Section 4.1. Initial Credit Extensions. The obligation of each Lender to advance its initial Revolving Loan, of each Swingline
Lender to advance its initial Swingline Loan and of each Issuing Bank to issue its initial Letter of Credit, is subject to satisfaction (or waiver in accordance with Section 10.11) of the following conditions precedent: 

  
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 (a) The Administrative Agent shall have received (including by facsimile or other electronic
means) signature pages to (1) this Agreement, duly executed by the parties hereto, (2) the Subsidiary Guaranty, duly executed by each Guarantor as of the Effective Date, (3) the Co-Borrower Cross-Guaranty, duly executed by the
Borrowers as of the Effective Date, (4) any Swingline Notes requested pursuant to Section 2.8(e) at least two Business Days prior to the Effective Date, duly executed by the Borrowers, (5) any Revolving Notes requested pursuant to
Section 2.8(e) at least two Business Days prior to the Effective Date, duly executed by the Borrowers, and (6) the following all in form and substance reasonably satisfactory to the Administrative Agent and in sufficient number of signed
counterparts as requested by the Administrative Agent: 
 (i) Certificates of Officers of the Credit Parties.
Certificates of a Director, the Secretary or an Assistant Secretary of each Credit Party containing specimen signatures of the persons authorized to execute Credit Documents to which such Credit Party is a party on such Credit Party’s behalf or
any other documents provided for herein or therein, together with (A) copies of resolutions of the board of directors or other appropriate body of such Credit Party, authorizing the execution and delivery of the Credit Documents to which such
Credit Party is a party, (B) copies of such Credit Party’s memorandum of association and articles of association and other publicly filed organizational documents in its jurisdiction of incorporation and bylaws (or other governing
documents, if any), and (C) a certificate of incorporation and a certificate of good standing (if applicable) from the appropriate governing agency of such Credit Party’s jurisdiction of incorporation; 

(ii) Patriot Act. To the extent requested by any Lender, documentation and other information with respect to the Credit
Parties required by regulatory authorities under applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Patriot Act; 

(iii) Opinions of Counsel. The opinions of (A) Baker Botts L.L.P., counsel for the Credit Parties, and
(B) Maples and Calder, Cayman Islands counsel for the Credit Parties, in each case, covering such matters relating to the Credit Parties and the Credit Documents as are usual and customary in respect of the transaction contemplated by this
Agreement; 
 (iv) Closing Certificate. Certificate of a Director, the President or a Vice President of the Company as
to the satisfaction of all conditions set forth in Sections 4.1(b) and (c); and 
 (v) Process Agent. An
acknowledgment from CT Corporation with respect to its irrevocable appointment by (A) the Company and NIFCO pursuant to Section 10.14 hereof and (B) NHIL pursuant to Section 11(b) of the Subsidiary Guaranty; 

(b) Each of the representations and warranties of the Company and its Subsidiaries set forth herein and in the other Credit Documents shall be
true and correct in all material respects (unless qualified by materiality or Material Adverse Effect, in which case such representation shall be true and correct in all respects) as of the Effective Date, except to the

  
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extent that any such representation or warranty relates solely to an earlier date, in which case it shall have been true and correct in all material respects (unless qualified by materiality or
Material Adverse Effect, in which case such representation shall be true and correct in all respects) as of such earlier date; 
 (c) No
Default or Event of Default shall have occurred and be continuing; 
 (d) The Credit Parties shall have obtained all necessary governmental
and third party approvals, registrations, and filings in respect of the transactions contemplated by this Agreement (if any); 
 (e)
Evidence that on the Effective Date all outstanding obligations and Indebtedness under the Existing Facilities are being repaid in full and all commitments of the lenders thereunder are being terminated substantially contemporaneously with the
effectiveness of this Agreement; and 
 (f) On or before the Effective Date, the Lenders, the Administrative Agent and the Co-Arrangers
shall have received all fees and all reasonable out-of-pocket expenses then due and owing to the Administrative Agent, the Lenders, and the Co-Arrangers pursuant to this Agreement and as otherwise agreed in writing by the Company. 

Section 4.2. All Credit Extensions. The obligation of each Lender to make any Revolving Loan, of each Swingline Lender to make any
Swingline Loan, and of each Issuing Bank to issue, extend or increase any Letter of Credit hereunder is subject to satisfaction of the following conditions precedent: 

(a) Notices. (i) In the case of any Revolving Loan, the Administrative Agent shall have received the Borrowing Request required by
the first sentence of Section 2.3(a) in accordance with Section 2.3(c), (ii) in the case of any Swingline Loan, the Administrative Agent and the applicable Swingline Lender shall have received the Swingline Request required by
Section 2.16(b) and (iii) in the case of the issuance, extension or increase of a Letter of Credit, the relevant Issuing Bank shall have received a duly completed Application for such Letter of Credit in accordance with
Section 2.12(b); 
 (b) Warranties True and Correct. In the case of any advance of a Revolving Loan, any advance of a Swingline
Loan or any issuance, extension or increase of any Letter of Credit, in each case, that increases the aggregate amount of Revolving Loans, Swingline Loans or L/C Obligations, respectively, outstanding immediately after giving effect to such advance
of such Loan or such issuance, extension or increase of such Letter of Credit, as applicable, (and any prepayments or reimbursements made substantially concurrently therewith), each of the representations and warranties of the Company and the other
Credit Parties set forth herein (other than the representations and warranties set forth in Sections 5.4, 5.10, 5.16 and 5.17) and in the other Credit Documents (other than those that relate to the representations and warranties set forth in
Sections 5.4, 5.10, 5.16 and 5.17) shall be true and correct in all material respects (unless qualified by materiality or Material Adverse Effect, in which case such representation shall be true and correct in all respects) as of the time of such
advance or issuance, extension or increase of any Letter of Credit, except as a result of the transactions expressly permitted hereunder or 

  
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thereunder and except to the extent that any such representation or warranty relates solely to an earlier date, in which case it shall have been true and correct in all material respects (unless
qualified by materiality or Material Adverse Effect, in which case such representation shall be true and correct in all respects) as of such earlier date; and 

(c) No Default. No Default or Event of Default shall have occurred and be continuing or would occur as a result of any such advance of
a Loan or issuance, extension or increase of a Letter of Credit. 
 Each acceptance by the applicable Borrower of an advance of any Loan or of the issuance
of, increase in the amount of, or extension of the expiration date of, a Letter of Credit after the Effective Date shall be deemed to be a representation and warranty by the Company on the date of such acceptance, as to the matters specified in
Section 4.2(b) and (c) (except to the extent the satisfaction of such matters have been waived in accordance with this Agreement). 

ARTICLE 5 

REPRESENTATIONS AND WARRANTIES 

The Company represents and warrants to each Lender, each Issuing Bank, each Swingline Lender and the Administrative Agent (a) as of the
Effective Date and (b) as of each other date as may be expressly required by the terms of any Credit Document, as follows: 

Section 5.1. Corporate Organization. The Company and each of its Significant Subsidiaries: (i) is duly organized and existing
in good standing under the laws of the jurisdiction of its organization; (ii) has all necessary organizational power and authority to own the property and assets it uses in its business and otherwise to carry on its present business; and
(iii) is duly licensed or qualified and in good standing in each jurisdiction in which the nature of the business transacted by it or the nature of the property owned or leased by it makes such licensing or qualification necessary, except where
the failure to be so licensed or qualified or to be in good standing, as the case may be, would not have a Material Adverse Effect. 

Section 5.2. Power and Authority; Validity. Each of the Credit Parties has the organizational power and authority to execute,
deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary company action to authorize the execution, delivery and performance of such Credit Documents. Each of the Credit Parties has
duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid and binding obligation of such Credit Party which is a party thereto enforceable against it in accordance with its
terms, subject as to enforcement only to bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and equitable principles. 

Section 5.3. No Violation. Neither the execution, delivery or performance by any Credit Party of the Credit Documents to which it
is a party nor compliance by it with the terms and provisions thereof, nor the consummation by it of the transactions contemplated herein or therein, will (i) contravene in any material respect any applicable provision of any law, statute, rule
or regulation, or any applicable order, writ, injunction or decree of any court or 

  
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governmental instrumentality, (ii) conflict with or result in any breach of any term, covenant, condition or other provision of, or constitute a default under, or result in the creation or
imposition of (or the obligation to create or impose) any Lien other than any Permitted Lien upon any of the property or assets of such Credit Party or any of its Subsidiaries under, the terms of any material contractual obligation to which such
Credit Party or any of its Subsidiaries is a party or by which they or any of their properties or assets are bound or to which they may be subject, or (iii) violate or conflict with any provision of the memorandum of association and articles of
association, charter, articles or certificate of incorporation, partnership or limited liability company agreement, by-laws, or other applicable governance documents of such Credit Party or any of its Subsidiaries. 

Section 5.4. Litigation. As of the Effective Date there are no actions, suits, proceedings or counterclaims (including, without
limitation, derivative or injunctive actions) pending or, to the knowledge of the Company, threatened against the Company or any of its Subsidiaries that are reasonably likely to have a Material Adverse Effect. 

Section 5.5. Use of Proceeds; Margin Regulations. 

(a) Use of Proceeds. The proceeds of the Loans shall only be used to refinance outstanding Indebtedness under the Existing Facilities
(if any) and for working capital and other general corporate purposes of the Company and its Subsidiaries, including for investments and acquisitions. Letters of Credit will be issued only to support the general corporate purposes of the Company and
its Subsidiaries. The Company and its Subsidiaries shall not, and, to their knowledge, their respective officers, employees, directors and agents (in their capacity as officers, employees, directors or agents, respectively, of the Company or any of
its Subsidiaries), shall not, use the proceeds of any Loan or Letter of Credit (i) to fund any activities or business of or with any Designated Person, or in any country or territory, that at the time of such funding is the subject of any
sanctions under any Sanctions Laws and Regulations (on the Effective Date, Cuba, Iran, North Korea, Sudan, Syria and Ukraine-related), (ii) in any other manner that would result in a material violation of any Sanctions Laws and Regulations by
the Company or its Subsidiaries or (iii) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any
Anti-Corruption Laws. 
 (b) Margin Stock. Neither the Company nor any of its Subsidiaries is
engaged in the business of extending credit for the purpose of purchasing or carrying margin stock. No proceeds of the Loans or the Letters of Credit will be used for a purpose which violates Regulations T, U or X of the Board of Governors of the
Federal Reserve System. After application of the proceeds of the Loans, the issuance of the Letters of Credit, and any acquisitions permitted hereunder, less than 25% of the assets of each of the Company and its Subsidiaries consists of
“margin stock” (as defined in Regulation U of the Board of Governors of the Federal Reserve System). 
 Section 5.6.
Investment Company Act. Neither the Company nor any of its Subsidiaries is an “investment company” or a company “controlled” by an “investment company,” within the meaning of the Investment
Company Act of 1940, as amended. 

  
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 Section 5.7. Anti-Corruption Laws; Sanctions Laws and Regulations. The Company and
its Subsidiaries have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance with Anti-Corruption Laws and applicable Sanctions Laws and Regulations. The
Company and its Subsidiaries and, to the knowledge of the Company and its Subsidiaries, their respective officers, employees, directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions Laws and Regulations in all
material respects (for the avoidance of doubt, this representation shall not fail to be true and correct due to any failure or failures to comply with Anti-Corruption Laws (i) that are isolated and do not evidence a pervasive or systemic
pattern of violations of such laws and regulations or a significant deficiency in the implementation of the aforesaid policies and procedures to ensure compliance by the Company and its Subsidiaries with Anti-Corruption Laws or (ii) that arise
from actions or incidents that have been publicly disclosed by the Company or disclosed in writing to the Administrative Agent (with a copy to Lenders), in each case, at least twenty (20) days prior to the Effective Date). Neither the Company
nor any of its Subsidiaries, or to their knowledge any of their directors or officers, or any of their respective agents acting or benefiting in any capacity in connection with this Agreement or any other Credit Document, is a Designated Person or
is knowingly engaged in any activity that could reasonably be expected to result in such Person becoming a Designated Person. No Borrowing or Letter of Credit, use of proceeds or other transaction contemplated by this Agreement will result in a
violation of Anti-Corruption Laws or Sanctions Laws and Regulations by the Company or any of its Subsidiaries. 
 Section 5.8. True
and Complete Disclosure. All factual information (taken as a whole) furnished by the Company or any of its Subsidiaries in writing to the Administrative Agent or any Lender in connection with any Credit Document or any transaction contemplated
therein did not, as of the date such information was furnished (or, if such information expressly related to a specific date, as of such specific date), contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statements therein (taken as a whole), in light of the circumstances under which such information was furnished, not misleading, except for such statements, if any, as have been updated, corrected, supplemented, superseded or modified
pursuant to a written correction or supplement furnished to the Lenders prior to the date of this Agreement; provided, that with respect to projected financial information, the Company represents only that such information was prepared in
good faith based upon assumptions believed by it to be reasonable at the time, it being understood that (i) such projections are not to be viewed as facts and that actual results during the period(s) covered by any such projections may differ
significantly from the projected results and that such difference may be material and that such projections are not a guarantee of financial performance and (ii) no representation is made with respect to information of a general economic or
general industry nature. To the extent commercially reasonable, the Company has provided such information and has taken such action, in each case, as has been reasonably requested in writing by the Administrative Agent or any Lender in order to
assist the Administrative Agent or such Lender in maintaining compliance with the Patriot Act. 
 Section 5.9. Financial
Statements. The financial statements heretofore delivered to the Lenders for the Company’s fiscal year ending December 31, 2013 have been prepared in accordance with GAAP applied on a basis consistent, except as otherwise noted 

  
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therein, with the Company’s financial statements for the previous fiscal year. Such annual and quarterly financial statements fairly present in all material respects on a consolidated basis
the financial position of the Company as of the dates thereof, and the results of operations for the periods indicated, subject in the case of interim financial statements, to normal year-end audit adjustments and omission of certain footnotes (as
permitted by the SEC). As of the Effective Date, the Company and its Subsidiaries, considered as a whole, had no material contingent liabilities or material Indebtedness required under GAAP to be disclosed in a consolidated balance sheet of the
Company that were not included in the financial statements of September 30, 2014 or in writing to the Administrative Agent (with a written request to the Administrative Agent to distribute such disclosure to the Lenders). 

Section 5.10. No Material Adverse Change. As of the Effective Date, since December 31, 2013, there has occurred no event or
effect that has had or could reasonably be expected to have a Material Adverse Effect. 
 Section 5.11. Taxes. The Company and
its Subsidiaries have filed all material tax returns required to be filed, whether in the United States or in any foreign jurisdiction, and have paid all governmental taxes, rates, assessments, fees, charges and levies (collectively,
“Taxes”) shown to be due and payable on such returns or on any assessments made against the Company and its Subsidiaries or any of their properties (other than any such Taxes that are not more than ninety (90) days past due, or
which can thereafter be paid without penalty, or which are being contested in good faith by appropriate proceedings and for which reserves have been provided in conformity with GAAP, or which the failure to pay or delay in filing could not
reasonably be expected to have a Material Adverse Effect). 
 Section 5.12. Consents. As of the Effective Date, all consents and
approvals of, and filings and registrations with, and all other actions of, all governmental agencies, authorities or instrumentalities required to have been obtained or made by the Credit Parties in order to execute, deliver and perform the Credit
Documents to which it is a party and with respect to the Company, in order to obtain the Loans and Letters of Credit hereunder, have been or will have been obtained or made and are or will be in full force and effect. As of the date of any
Designated Borrower Notice, all consents and approvals of, and filings and registrations with, and all other actions of, all governmental agencies, authorities or instrumentalities required to have been obtained or made by the applicable Designated
Borrower in order to execute, deliver and perform the Credit Documents to which it is a party, in order to obtain the Loans and Letters of Credit hereunder, have been or will have been obtained or made and are or will be in full force and effect.

 Section 5.13. Insurance. The Company and its Significant Subsidiaries currently maintain in effect, with responsible
insurance companies, insurance against any loss or damage to all insurable property and assets owned by it, which insurance is of a character and in or in excess of such amounts as are customarily maintained by companies similarly situated and
operating like property or assets (subject to self-insured retentions and deductibles), and insurance with respect to employers’ and public and product liability risks (subject to self-insured retentions and deductibles); provided that
the Company or any Significant Subsidiary may self-insure to the extent and in the manner normal for companies of like size, type and financial condition. 

  
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 Section 5.14. Intellectual Property. The Company and its Subsidiaries own or hold
valid licenses to use all the patents, trademarks, permits, service marks, and trade names that are necessary to the operation of the business of the Company and its Subsidiaries as presently conducted, except where the failure to own, or hold valid
licenses to use, such patents, trademarks, permits, service marks, and trade names could not reasonably be expected to have a Material Adverse Effect. 

Section 5.15. Ownership of Property. The Company and its Subsidiaries have good title to or a valid leasehold interest in all of
their real property and good title to, or a valid leasehold interest in, all of their other property, subject to no Liens except Permitted Liens, except where the failure to have such title or leasehold interest in such property could not reasonably
be expected to have a Material Adverse Effect. 
 Section 5.16. Existing Indebtedness. Schedule 5.16 attached hereto
contains a complete and accurate list of all Indebtedness outstanding as of the Effective Date, with respect to the Company and its Subsidiaries, in each case in an outstanding principal amount of $20,000,000 (or, if denominated in a currency other
than U.S. Dollars, the Dollar Equivalent of $20,000,000) or more (other than the Obligations hereunder and Indebtedness permitted by any of clauses (b) through (m) of Section 6.11 ), in each case showing the aggregate principal amount
thereof, the name of the respective borrower and any other entity which directly or indirectly guaranteed such Indebtedness, and the stated maturity date of such Indebtedness. 

Section 5.17. Existing Liens. Schedule 5.17 attached hereto contains a complete and accurate list of all Liens outstanding
as of the Effective Date, with respect to the Company and its Subsidiaries where the Indebtedness or other obligations secured by such Lien is in an outstanding principal amount of $20,000,000 (or, if denominated in a currency other than U.S.
Dollars, the Dollar Equivalent of $20,000,000) or more (other than the Liens permitted by any of clauses (b) through (u) of Section 6.10), in each case showing the name of the Person whose assets are subject to such Lien, the
aggregate principal amount of the Indebtedness secured thereby, and a description of the agreements or other instruments creating, granting, or otherwise giving rise to such Lien. 

ARTICLE 6 
 COVENANTS

 The Company covenants and agrees until Facility Termination as follows: 

Section 6.1. Corporate Existence. Each of the Company and its Significant Subsidiaries will preserve and maintain its
organizational existence, except (i) for the dissolution of any Significant Subsidiaries whose assets are transferred to the Company or any of its Subsidiaries, (ii) where the failure to preserve, renew or keep in full force and effect the
existence of any Subsidiary could not reasonably be expected to have a Material Adverse Effect, or (iii) as otherwise expressly permitted in this Agreement, including any merger, consolidation, liquidation or dissolution otherwise permitted
under Section 6.9. 

  
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 Section 6.2. Maintenance. Each of the Company and its Significant Subsidiaries will
maintain, preserve and keep its properties and equipment necessary to the proper conduct of its business in reasonably good repair, working order and condition (normal wear and tear excepted) and will from time to time make all reasonably necessary
repairs, renewals, replacements, additions and betterments thereto so that at all times such properties and equipment are reasonably preserved and maintained, in each case with such exceptions as could not, individually or in the aggregate, be
reasonably expected to have a Material Adverse Effect; provided, however, that nothing in this Section 6.2 shall prevent the Company or any Significant Subsidiary from discontinuing the operation or maintenance of any such properties or
equipment if such discontinuance is, in the judgment of the Company or any Significant Subsidiary, as applicable, desirable in the conduct of its business. 

Section 6.3. Taxes. Each of the Company and its Subsidiaries will duly pay and discharge all Taxes upon or against it or its
properties and all other obligations (including, without limitation, ERISA obligations) within ninety (90) days after becoming due (in the case of Taxes) or, if later, prior to the date on which penalties are imposed for such unpaid Taxes,
unless and to the extent that (i) the same is being contested in good faith and by appropriate proceedings and reserves have been established in conformity with GAAP, or (ii) the failure to effect such payment or discharge or any delay in
filing could not reasonably be expected to have a Material Adverse Effect. 
 Section 6.4. ERISA. Each of the Company and its
ERISA Affiliates will timely pay and discharge all obligations and liabilities arising under ERISA in all material respects or otherwise with respect to each Plan of a character which if unpaid or unperformed could reasonably be expected to result
in the imposition of a material Lien against any properties or assets of the Company or any Significant Subsidiary and will promptly notify the Administrative Agent upon an officer of the Company becoming aware thereof, of (i) the occurrence of
any reportable event (as defined in ERISA) relating to a Plan (other than a multi-employer plan, as defined in ERISA), so long as the event thereunder could reasonably be expected to have a Material Adverse Effect, other than any such event with
respect to which the PBGC has waived notice by regulation; (ii) receipt of any written notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor; (iii) the Company’s or any of its ERISA
Affiliates’ intention to terminate or withdraw from any Plan if such termination or withdrawal would result in liability under Title IV of ERISA, unless such termination or withdrawal could not reasonably be expected to have a Material Adverse
Effect; and (iv) the receipt by the Company or its ERISA Affiliates of notice of the occurrence of any event that could reasonably be expected to result in the incurrence of any liability (other than for benefits), fine or penalty to the
Company and/or to the Company’s ERISA Affiliates, or any plan amendment that could reasonably be expected to increase the contingent liability of the Company and its ERISA Affiliates, taken as a whole, in either case in connection with any
post-retirement benefit under a welfare plan (subject to ERISA), unless such event or amendment could not reasonably be expected to have a Material Adverse Effect. The Company will also promptly notify the Administrative Agent of (i) any
material contributions to any Foreign Plan 

  
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that have not been made by the required due date for such contribution if such default could reasonably be expected to have a Material Adverse Effect; (ii) any Foreign Plan that is not
funded to the extent required by the law of the jurisdiction whose law governs such Foreign Plan based on the actuarial assumptions reasonably used at any time if such underfunding (together with any penalties likely to result) could reasonably be
expected to have a Material Adverse Effect, and (iii) the receipt by the Company or its Subsidiaries of notice of any material change anticipated to any Foreign Plan that could reasonably be expected to have a Material Adverse Effect. 

Section 6.5. Insurance. Each of the Company and its Significant Subsidiaries will maintain or cause to be maintained, with
responsible insurance companies, insurance against any loss or damage to all insurable property and assets owned by it, such insurance to be of a character and in or in excess of such amounts as are customarily maintained by companies similarly
situated and operating like property or assets (subject to self-insured retentions and deductibles) and will (subject to self-insured retentions and deductibles) maintain or cause to be maintained insurance with respect to employers’ public and
product liability risks; provided that the Company or any Significant Subsidiary may self-insure to the extent and in the manner normal for companies of like size, type and financial condition. 

Section 6.6. Financial Reports and Other Information. 

(a) Periodic Financial Statements and Other Documents. The Company, its Subsidiaries and any SPVs will maintain a system of accounting
in such manner as will enable preparation of financial statements in accordance with GAAP and will furnish to the Lenders and their respective authorized representatives such information about the business and financial condition of the Company, its
Subsidiaries and any SPVs as any Lender may reasonably request; and, without any request, will furnish to the Administrative Agent: 

(i) within sixty (60) days after the end of each of the first three (3) fiscal quarters of each fiscal year of the
Company, the consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal quarter and the related consolidated statements of income and retained earnings and of cash flows for such fiscal quarter and for the portion of
the fiscal year ended with the last day of such fiscal quarter, all of which shall be in reasonable detail or in the form filed with the SEC, and certified by the officer of the Company primarily responsible for the Company’s financial affairs
that they fairly present the financial condition of the Company and its Subsidiaries as of the dates indicated and the results of their operations and changes in their cash flows for the periods indicated and that they have been prepared in
accordance with GAAP, in each case, subject to normal year-end audit adjustments and the omission of any footnotes as permitted by the SEC (publicly filing the Company’s Form 10-Q with the SEC in any event will satisfy the requirements of this
clause (i), subject to Section 6.6(b), and shall be deemed furnished and delivered on the date such information has been posted on the SEC website accessible through http://www.sec.gov/edgar/searchedgar/webusers.htm or such successor webpage of
the SEC thereto); 

  
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 (ii) within one hundred twenty (120) days after the end of each fiscal year
of the Company, the consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal year and the related consolidated statements of income and retained earnings and of cash flows for such fiscal year and setting forth
consolidated comparative figures as of the end of and for the preceding fiscal year, audited by an independent nationally-recognized accounting firm and in the form filed with the SEC (publicly filing the Company’s Form 10-K with the SEC in any
event will satisfy the requirements of this clause (ii), subject to Section 6.6(b), and shall be deemed furnished and delivered on the date such information has been posted on the SEC website accessible through
http://www.sec.gov/edgar/searchedgar/webusers.htm or such successor webpage of the SEC thereto); 
 (iii) within ten
(10) days after the sending or filing thereof, copies of all financial statements, projections, documents and other communications that the Company sends to its stockholders generally or publicly files with the SEC or any similar Governmental
Authority (and is publicly available); provided that publicly filing such documents with the SEC in any event will satisfy the requirements of this clause (iii), subject to Section 6.6(b), and shall be deemed furnished and delivered on
the date such information has been posted on the SEC website accessible through http://www.sec.gov/edgar/searchedgar/webusers.htm or such successor webpage of the SEC thereto; and 

(iv) such other information as the Administrative Agent or any Lender may reasonably request. 

The Administrative Agent will forward promptly to the Lenders the information provided by the Company pursuant to (i) through (iv) above. 

(b) Compliance Certificates. Within the sixty (60) day or one hundred twenty (120) day time periods set forth in
Section 6.6(a)(i) or (ii) above, respectively, for furnishing financial statements, the Company shall deliver to the Administrative Agent (who will in turn provide notice to the Lenders of) (i) additional information setting forth
calculations excluding the effects of any SPVs and containing such calculations for any SPVs as reasonably requested by the Administrative Agent, and (ii) (x) a written certificate signed by the officer of the Company primarily responsible
for the Company’s financial affairs, in his or her capacity as such, to the effect that no Default or Event of Default then exists or, if any such Default or Event of Default exists as of the date of such certificate, setting forth a
description of such Default or Event of Default and specifying the action, if any, taken by the Company to remedy the same, and (y) a Compliance Certificate substantially in the form of Exhibit 6.6 showing the Company’s compliance
with Section 6.16. 
 (c) Notice of Events Relating to Environmental Laws and Claims. Promptly after any officer of the Company
obtains actual knowledge of any of the following, the Company will provide the Administrative Agent (who will in turn provide notice to the Lenders of) with written notice in reasonable detail of any of the following that, individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect: 

  
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 (i) any pending or threatened Environmental Claim against the Company, any of its
Subsidiaries or any SPV or any property owned or operated by the Company, any of its Subsidiaries or any SPV; 
 (ii) any
condition or occurrence on any property owned or operated by the Company, any of its Subsidiaries or any SPV that results in noncompliance by the Company, any of its Subsidiaries or any SPV with any Environmental Law; and 

(iii) the taking of any material remedial action in response to the actual or alleged presence of any Hazardous Material on any
property owned or operated by the Company, any of its Subsidiaries or any SPV other than in the ordinary course of business. 
 (d)
Notices of Default, Litigation, Etc. The Company will promptly, and in any event within five (5) Business Days, after an officer of the Company has knowledge thereof, give written notice to the Administrative Agent of (who will in turn
provide notice to the Lenders of): (i) the occurrence of any Default or Event of Default (including the occurrence of any event which has resulted in a breach of Section 6.16); (ii) any litigation or governmental proceeding of the
type described in Section 5.4; (iii) any circumstance that has had or could reasonably be expected to have a Material Adverse Effect; and (iv) any notice received by it, any Subsidiary or any SPV from the holder(s) of Indebtedness of
the Company, any Subsidiary or any SPV in an amount which, in the aggregate, exceeds $50,000,000 (or, if denominated in a currency other than U.S. Dollars, the Dollar Equivalent of $50,000,000), where such notice states or claims the existence or
occurrence of any event of default with respect to such Indebtedness under the terms of any indenture, loan or credit agreement, debenture, note, or other document evidencing or governing such Indebtedness. 

Section 6.7. Lender Inspection Rights. Upon reasonable notice from the Administrative Agent or any Lender, the Company will permit
the Administrative Agent or any Lender (and such Persons as the Administrative Agent or such Lender may reasonably designate) during normal business hours at such entity’s sole expense unless a Default or Event of Default shall have occurred
and be continuing, in which event at the Company’s expense, to visit and inspect any of the properties of the Company or any of its Subsidiaries, to examine all of their books and records, to make copies and extracts therefrom, and to discuss
their respective affairs, finances and accounts with their respective officers and independent public accountants (and by this provision the Company authorizes such accountants to discuss with the Administrative Agent and any Lender (and such
Persons as the Administrative Agent or such Lender may reasonably designate) the affairs, finances and accounts of the Company and its Subsidiaries), all as often, and to such extent, as may be reasonably requested. The principal financial officer
of the Company and/or his or her designee shall be afforded the opportunity to be present at any meeting of the Administrative Agent or the Lenders and such accountants. The Administrative Agent agrees to use reasonable efforts to minimize, to the
extent practicable, the number of separate requests from the Lenders to exercise their rights under this Section 6.7 and/or Section 6.6 and to coordinate the exercise by the Lenders of such rights. 

  
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 Section 6.8. Conduct of Business. The Company and its Subsidiaries will at all times
remain primarily engaged in any of (i) the contract drilling business, (ii) the provision of services to the energy industry, (iii) other existing businesses described in the Company’s current SEC reports, or (iv) any
related or ancillary businesses. 
 Section 6.9. Restrictions on Fundamental Changes. The Company shall not merge or consolidate
with any other Person, or cause or permit any dissolution of the Company or liquidation of its assets, or sell, transfer or otherwise dispose of all or substantially all of the Company’s assets, except that: 

(a) The Company may merge into, or consolidate with, any other Person if upon the consummation of any such merger or consolidation
(i) the Company is the surviving Person to any such merger or consolidation, or (ii) the U.S. Dollar denominated non-credit enhanced senior unsecured long-term debt of such other surviving Person shall continue to be rated by S&P,
Moody’s or Fitch and such Person shall have executed and delivered to the Administrative Agent and each Lender its assumption of the due and punctual performance and observance of each covenant and condition of this Agreement and the other
Credit Documents to which the Company is a party; 
 (b) The Company may sell or transfer all or substantially all of its assets (including
stock in its Subsidiaries) to any Person if such Person is a Subsidiary of the Company (or a Person who will contemporaneously therewith become a Subsidiary of the Company); and 

provided in the case of any transaction described in the preceding clauses (a) and (b), no Default or Event of Default shall exist immediately
prior to, or after giving effect to, such transaction. 
 Section 6.10. Liens. The Company and its Subsidiaries shall not
create, incur, assume or suffer to exist any Lien of any kind on any property or asset of any kind of the Company or any Subsidiary, except the following (collectively, the “Permitted Liens”): 

(a) Liens existing on the date hereof (each such Lien, to the extent it secures Indebtedness or other obligations in an aggregate outstanding
principal amount of $20,000,000 (or, if denominated in a currency other than U.S. Dollars, the Dollar Equivalent of $20,000,000) or more, being described on Schedule 5.17 attached hereto); 

(b) Liens arising in the ordinary course of business by operation of law, deposits, pledges or other Liens in connection with workers’
compensation, unemployment insurance, old age benefits, social security obligations, taxes, assessments, public or statutory obligations or other similar charges, good faith deposits, pledges or other Liens in connection with (or to obtain letters
of credit in connection with) bids, performance, return-of-money or payment bonds, contracts or leases to which the Company or its Subsidiaries are parties or other deposits required to be made in the ordinary course of business; provided
that in each case the obligation secured is not for Indebtedness for borrowed money and is not overdue or, if overdue, is being contested in good faith by appropriate proceedings and reserves in conformity with GAAP have been provided therefor; 

  
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 (c) mechanics’, workmen’s, materialmen’s, landlords’, carriers’,
maritime or other similar Liens arising in the ordinary course of business (or deposits to obtain the release of such Liens) related to obligations not overdue for more than thirty (30) days if such Liens arise with respect to domestic assets
and for more than ninety (90) days if such Liens arise with respect to foreign assets, or, if so overdue, that are being contested in good faith by appropriate proceedings and reserves in conformity with GAAP have been provided therefor, or if
such Liens otherwise could not reasonably be expected to have a Material Adverse Effect; 
 (d) Liens for Taxes not more than ninety
(90) days past due or which can thereafter be paid without penalty or which are being contested in good faith by appropriate proceedings and reserves in conformity with GAAP have been provided therefor, or if such Liens otherwise could not
reasonably be expected to have a Material Adverse Effect; 
 (e) Liens imposed by ERISA (or comparable foreign laws) which are being
contested in good faith by appropriate proceedings and reserves in conformity with GAAP have been provided therefor, or if such Liens otherwise could not reasonably be expected to have a Material Adverse Effect; 

(f) Liens arising out of judgments or awards against the Company or any of its Subsidiaries, or in connection with surety or appeal bonds or
the like in connection with bonding such judgments or awards, the time for appeal from which or petition for rehearing of which shall not have expired or for which the Company or such Subsidiary shall be prosecuting on appeal or proceeding for
review, and for which it shall have obtained (within thirty (30) days with respect to a judgment or award rendered in the United States or within sixty (60) days with respect to a judgment or award rendered in a foreign jurisdiction after
entry of such judgment or award or expiration of any previous such stay, as applicable) a stay of execution or the like pending such appeal or proceeding for review; provided, that the aggregate amount of uninsured or underinsured liabilities
(net of customary deductibles, and including interest, costs, fees and penalties, if any) of the Company and its Subsidiaries secured by such Liens shall not exceed the Dollar Equivalent of $100,000,000 at any one time outstanding; 

(g) Liens on fixed or capital assets acquired, constructed, improved, altered or repaired by the Company or any Subsidiary and related
contracts, intangibles and other assets that are incidental thereto (including accessions thereto and replacements thereof) or otherwise arise therefrom; provided that (i) such Liens secure Indebtedness otherwise permitted by this
Agreement, (ii) such Liens and the Indebtedness secured thereby are incurred prior to or within 365 days after such acquisition or the later of the completion of such construction, improvement, alteration or repair or the date of commercial
operation of the assets constructed, improved, altered or repaired, (iii) the Indebtedness secured thereby does not exceed the cost of acquiring, constructing, improving, altering or repairing such fixed or capital assets, as the case may be,
and (iv) such Lien shall not apply to any other property or assets of the Company or any Subsidiary; 
 (h) Liens securing Interest
Rate Protection Agreements or Currency Rate Protection Agreements incurred in the ordinary course of business and not for speculative purposes; 

  
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 (i) Liens on property existing at the time such property is acquired by the Company or any
Subsidiary of the Company and not created in contemplation of such acquisition (or on repairs, renewals, replacements, additions, accessions and betterments thereto), and Liens on the assets of any Person at the time such Person becomes a Subsidiary
of the Company and not created in contemplation of such Person becoming a Subsidiary of the Company (or on repairs, renewals, replacements, additions, accessions and betterments thereto); 

(j) any extension, renewal or replacement (or successive extensions, renewals or replacements) in whole or in part of any Lien referred to in
the foregoing subsections (a) through (i), provided, however, that the principal amount of Indebtedness secured thereby does not exceed the principal amount secured at the time of such extension, renewal or replacement (other than
amounts incurred to pay costs of such extension, renewal or replacement), and that such extension, renewal or replacement is limited to the property already subject to the Lien so extended, renewed or replaced (together with accessions and
improvements thereto and replacements thereof); 
 (k) rights reserved to or vested in any municipality or governmental, statutory or public
authority by the terms of any right, power, franchise, grant, license or permit, or by any provision of law, to terminate such right, power, franchise, grant, license or permit or to purchase, condemn, expropriate or recapture or to designate a
purchaser of any of the property of a Person; 
 (l) rights reserved to or vested in any municipality or governmental, statutory or public
authority to control, regulate or use any property of a Person; 
 (m) rights of a common owner of any interest in property held by a Person
and such common owner as tenants in common or through other common ownership; 
 (n) encumbrances (other than to secure the payment of
Indebtedness), easements, restrictions, servitudes, permits, conditions, covenants, exceptions or reservations in any property or rights-of-way of a Person for the purpose of roads, pipelines, transmission lines, transportation lines, distribution
lines, removal of gas, oil, coal, metals, steam, minerals, timber or other natural resources, and other like purposes, or for the joint or common use of real property, rights-of-way, facilities or equipment, or defects, irregularity and deficiencies
in title of any property or rights-of-way; 
 (o) Liens created by or resulting from zoning, planning and environmental laws and ordinances
and municipal regulations; 
 (p) Liens created or evidenced by or resulting from financing statements filed by lessors of property (but
only with respect to the property so leased); 
 (q) Liens on property securing Non-recourse Debt; 

(r) Liens on the stock or assets of SPVs; 

  
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 (s) other Liens created in connection with securitization programs, if any, of the Company and
its Subsidiaries; 
 (t) at any time on or after the Noble Yieldco IPO, Liens on assets of any member of the Noble Yieldco Group, so long as
(i) the Indebtedness secured thereby does not provide for any recourse to the Company or any of its Subsidiaries (other than any member of the Noble Yieldco Group), or any of such Person’s assets, and (ii) no member of the Noble
Yieldco Group is wholly-owned, directly or indirectly, by the Company at such time; and 
 (u) Liens (not otherwise permitted by this
Section 6.10) securing Indebtedness (or other obligations) not exceeding at the time of incurrence thereof (together with all such other Liens securing Indebtedness (or other obligations) outstanding pursuant to this clause (u) at such
time) fifteen percent (15%) of Consolidated Tangible Net Worth. 
 Section 6.11. Subsidiary Indebtedness. The Company shall
not permit its Subsidiaries to incur, assume or suffer to exist any Indebtedness, except: 
 (a) existing Indebtedness outstanding on the
Effective Date (such Indebtedness, to the extent the outstanding principal amount thereof is $20,000,000 (or, if denominated in a currency other than U.S. Dollars, the Dollar Equivalent of $20,000,000) or more, being described on Schedule
5.16 attached hereto); 
 (b) Indebtedness under the Credit Documents; 

(c) intercompany loans and advances to the Company or its Subsidiaries, and intercompany loans and advances from any of such Subsidiaries or
SPVs to the Company or any other Subsidiaries of the Company; 
 (d) Indebtedness under any Interest Rate Protection Agreements and any
Currency Rate Protection Agreements, in each case entered into in the ordinary course of business and not for speculative purposes; 
 (e)
Indebtedness (i) under unsecured lines of credit for overdrafts or for working capital purposes in foreign countries with financial institutions, or (ii) arising from the honoring by a bank or other Person of a check, draft or similar
instrument inadvertently drawing against insufficient funds, all such Indebtedness not to exceed the Dollar Equivalent of $200,000,000 in the aggregate at any time outstanding, provided that amounts under overdraft lines of credit or
outstanding as a result of drawings against insufficient funds shall be outstanding for one (1) Business Day before being included in such aggregate amount; 

(f) Indebtedness of a Person existing at the time such Person becomes a Subsidiary of the Company or is merged with or into the Company or any
Subsidiary of the Company and not incurred in contemplation of such transaction, and extensions, renewals or refinancings thereof that do not increase the amount of such Indebtedness (other than amounts included to pay costs of such extension,
renewal or refinancing); 

  
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 (g) Indebtedness (i) under Performance Guaranties and Performance Letters of Credit, and
(ii) with respect to letters of credit issued in the ordinary course of business; 
 (h) Indebtedness created in connection with
securitization programs, if any; 
 (i) Non-recourse Debt; 

(j) Indebtedness (not otherwise permitted under any other clause of this Section 6.11) in an aggregate principal amount outstanding for
all Subsidiaries not exceeding, at the time of incurrence thereof (together with all such other Indebtedness outstanding pursuant to this clause (j) at such time), ten percent (10%) of Consolidated Net Assets (the “Subsidiary Debt
Basket Amount”); 
 (k) other Indebtedness not otherwise permitted under any other clause of this Section 6.11 so long as such
Subsidiary is a Guarantor; and 
 (l) at any time on or after the Noble Yieldco IPO, Indebtedness of member of the Noble Yieldco Group, so
long as (i) such Indebtedness does not provide for any recourse to the Company or any of its Subsidiaries (other than any member of the Noble Yieldco Group), or any of such Person’s assets, and (ii) no member of the Noble Yieldco
Group is wholly-owned, directly or indirectly, by the Company at such time; 
 (m) extensions, renewals or replacements of Indebtedness
permitted by this Section 6.11 that do not increase the amount of such Indebtedness (other than amounts incurred to pay costs of such extension, renewal or refinancing). 

Section 6.12. Use of Property and Facilities; Environmental Laws. The Company and its Subsidiaries shall comply in all material
respects with all Environmental Laws applicable to the properties or business operations of the Company or any Subsidiary of the Company, where the failure to so comply could reasonably be expected to have a Material Adverse Effect. 

Section 6.13. Transactions with Controlling Affiliates. Except as otherwise specifically permitted herein, the Company and its
Subsidiaries shall not (except pursuant to contracts outstanding as of (i) with respect to the Company, the Effective Date, or (ii) with respect to any Subsidiary of the Company, the Effective Date or, if later, the date such Subsidiary
first became a Subsidiary of the Company) enter into or engage in any material transaction or arrangement or series of related transactions or arrangements which in the aggregate would be material with any Controlling Affiliate, including without
limitation, the purchase from, sale to or exchange of property with, any merger or consolidation with or into, or the rendering of any service by or for, any Controlling Affiliate, unless such transaction or arrangement or series of related
transactions or arrangements, taken as a whole, are no less favorable to the Company or such Subsidiary than would be obtained in an arms’ length transaction with a Person that is not a Controlling Affiliate. Notwithstanding the foregoing, the
following transactions and arrangements will not be prohibited by this Section 6.13: (i) the Noble Yieldco Formation Transactions, (ii) the Noble Yieldco IPO, and (iii) any other transactions or arrangements between any member of
the Noble Yieldco Group, on the one hand, and the 

  
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Company and its Subsidiaries (other than the Noble Yieldco Group), on the other hand, so long as such transactions and arrangements are fair and reasonable to the Company and its Subsidiaries
(other than the Noble Yieldco Group) in all material respects, taking into account the totality of the relationship between the Company and its Subsidiaries (other than the Noble Yieldco Group), on the one hand, and the Noble Yieldco Group, on the
other hand. 
 Section 6.14. Sale and Leaseback Transactions. The Company will not, and will not permit any of its Subsidiaries
to, enter into, assume, or suffer to exist any Sale-Leaseback Transaction, except any such transaction that may be entered into, assumed or suffered to exist without violating any other provision of this Agreement, including without limitation,
Section 6.16. 
 Section 6.15. Compliance with Laws. Without limiting any of the other covenants of the Company in this
Article 6, the Company and its Subsidiaries shall conduct their business, and otherwise be, in compliance with all applicable laws, regulations, ordinances and orders of any governmental or judicial authorities (including, without limitation,
environmental laws and ERISA); provided, however, that this Section 6.15 shall not require the Company or any Subsidiary of the Company to comply with any such law, regulation, ordinance or order if (i) it shall be contesting such
law, regulation, ordinance or order in good faith by appropriate proceedings and reserves in conformity with GAAP have been provided therefor, or (ii) the failure to comply therewith could not reasonably be expected to have a Material Adverse
Effect. The Company and its Subsidiaries will maintain in effect and enforce policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance with Anti-Corruption Laws and applicable Sanctions
Laws and Regulations. 
 Section 6.16. Consolidated Indebtedness to Total Tangible Capitalization Ratio. The Company will
maintain, as of the end of each fiscal quarter of the Company, a ratio (expressed as a percentage) of Consolidated Indebtedness to Total Tangible Capitalization of no greater than 60%. 

Section 6.17. Use of Proceeds. No Borrower will use the proceeds of the Loans or the Letters of Credit for any purpose or in any
manner not permitted by Section 5.5. 
 ARTICLE 7 

EVENTS OF DEFAULT AND REMEDIES 

Section 7.1. Events of Default. Any one or more of the following shall constitute an Event of Default: 

(a) default by any Credit Party in the payment of any principal amount of any Loan or Reimbursement Obligation, any interest thereon or any
fees payable hereunder, within three (3) Business Days following the date when due; 
 (b) default by the Company or any Subsidiary in
the observance or performance of any covenant set forth in Sections 6.9, 6.10 or 6.16; 

  
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 (c) default by the Company or any Subsidiary in the observance or performance of any provision
hereof or of any other Credit Document not mentioned in clauses (a) or (b) above, which is not remedied within thirty (30) days after notice thereof to the Company by the Administrative Agent; 

(d) any representation or warranty made or deemed made herein or in any other Credit Document (except any Application or any Letter of Credit)
by the Company or any Subsidiary proves untrue in any material respect as of the date of the making, or deemed making, thereof; 
 (e) (i)
Indebtedness in the aggregate principal amount of the Dollar Equivalent of $100,000,000 of the Company and its Subsidiaries (“Material Indebtedness”) shall not be paid at maturity (beyond any applicable grace periods), or
(ii) any default in respect of Material Indebtedness shall occur which causes the holders thereof, or any trustees or agents on their behalf, to accelerate the maturity of such Indebtedness or requires such Indebtedness to be prepaid, redeemed,
or repurchased prior to its stated maturity; 
 (f) any Credit Party or any Significant Subsidiary (i) has entered involuntarily
against it an order for relief under the United States Bankruptcy Code or a comparable action is taken under any applicable bankruptcy or insolvency law of another country or political subdivision of such country, (ii) generally does not pay,
or admits its inability generally to pay, its debts as they become due, (iii) makes a general assignment for the benefit of creditors, (iv) applies for, seeks, consents to, or acquiesces in, the appointment of a receiver, custodian,
trustee, liquidator or similar official for it or any substantial part of its property under the United States Bankruptcy Code or under the applicable bankruptcy or insolvency laws of another country or a political subdivision of such country,
(v) institutes any proceeding seeking to have entered against it an order for relief under the United States Bankruptcy Code or any comparable law, to adjudicate it insolvent, or seeking dissolution, winding up, liquidation, reorganization,
arrangement, adjustment or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors or fails to file an answer or other pleading denying the material allegations of or consents to or
acquiesces in any such proceeding filed against it in a court of competent jurisdiction, (vi) makes any board of directors resolution in direct furtherance of any matter described in clauses (i)-(v) above, or (vii) fails to contest in
good faith any appointment or proceeding described in this Section 7.1(f); 
 (g) a custodian, receiver, trustee, liquidator or similar
official is appointed for any Credit Party or any Significant Subsidiary or any substantial part of its property under the United States Bankruptcy Code or under the applicable bankruptcy or insolvency laws of another country or a political
subdivision of such country, or a proceeding described in Section 7.1(f)(v) is instituted against any Credit Party or any Significant Subsidiary in a court of competent jurisdiction, and such appointment continues undischarged or such
proceeding continues undismissed and unstayed for a period of sixty (60) days (or one hundred twenty (120) days in the case of any such event occurring outside the United States of America); 

(h) the Company or any Subsidiaries of the Company fail within thirty (30) days with respect to any judgments or orders that are rendered
in the United States or sixty (60)

  
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days with respect to any judgments or orders that are rendered in a court of competent jurisdiction in foreign jurisdictions (or such earlier date as any execution on such judgments or orders
shall take place) to vacate, pay, bond or otherwise discharge any judgments or orders for the payment of money the uninsured portion of which is in excess of the Dollar Equivalent of $100,000,000 in the aggregate and which are not stayed on appeal
or otherwise being appropriately contested in good faith in a manner that stays execution; 
 (i) (x) the Company or any ERISA Affiliate
fails to pay when due an amount that it is liable to pay to the PBGC or to a Plan under Title IV of ERISA; or a notice of intent to terminate a Plan having Unfunded Vested Liabilities of the Company or any of its ERISA Affiliates in excess of the
Dollar Equivalent of $100,000,000 (a “Material Plan”) is filed under Title IV of ERISA; or the PBGC institutes proceedings under Title IV of ERISA to terminate or to cause a trustee to be appointed to administer any Material Plan or a
proceeding is instituted by a fiduciary of any Material Plan against the Company or any ERISA Affiliate to collect any liability under Section 515 or 4219(c)(5) of ERISA, and in each case such proceeding is not dismissed within thirty
(30) days thereafter; or a condition exists by reason of which the PBGC would be entitled to obtain a decree adjudicating that any Material Plan must be terminated, and (y) the occurrence of one or more of the matters in the preceding
clause (x) could reasonably be expected to result in liabilities in excess of the Dollar Equivalent of $100,000,000; 
 (j) either
(i) any “person” (as such term is used in the Exchange Act) or related persons constituting a “group” (as such term is used in the Exchange Act) is or becomes the “beneficial owner” (as defined in Rules 13d-3 and
13d-5 under the Exchange Act), directly or indirectly, of equity securities of the Noble Parent Company (or other securities convertible into such equity securities) representing fifty percent (50%) or more of the combined voting power of all
outstanding equity securities (other than equity securities having such power only by reason of the happening of a contingency) of the Noble Parent Company entitled to vote in the election of directors, except as a result of a Redomestication or
(ii) the Noble Parent Company shall cease to own, directly or indirectly, all of the outstanding equity securities (except for directors’ qualifying shares) of the Company; or 

(k) the Subsidiary Guaranty or the Co-Borrower Cross-Guaranty for any reason is not a legal, valid, binding and enforceable obligation of any
Guarantor or Borrower, respectively, or any Guarantor or Borrower shall so state in writing (except, in each case, to the extent such Guarantor or Borrower is released from its Subsidiary Guaranty or the Co-Borrower Cross-Guaranty, respectively, in
accordance with its terms or the terms hereof). 
 Section 7.2. Non-Bankruptcy Defaults. When any Event of Default (other than
those described in Section 7.1(f) or (g) with respect to the Credit Parties) has occurred and is continuing, the Administrative Agent shall, by notice to the Company: (a) if so directed by the Required Lenders, terminate the remaining
Commitments to the Borrowers hereunder on the date stated in such notice (which may be the date thereof) and such termination shall automatically also terminate the Swingline Commitments on such date; (b) if so directed by the Required Lenders,
declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, shall be and become immediately due and payable together
with all other accrued 

  
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amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, including, but not limited to, notice of intent to accelerate and notice of
acceleration, each of which is expressly waived by the Borrowers; and (c) if so directed by the Required Lenders, demand that the Company immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to
Section 7.4) the full amount then available for drawing under each outstanding Letter of Credit, and the Company agrees to immediately make such payment, and each Borrower acknowledges and agrees that the Lenders, the Issuing Banks, the
Swingline Lenders and the Administrative Agent would not have an adequate remedy at law for failure by the Borrowers to honor any such demand and that the Administrative Agent, for the benefit of the Lenders, the Swingline Lenders and the Issuing
Banks, shall have the right to require the Borrowers to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any Letter of Credit. The Administrative Agent, after giving notice to the
Company pursuant to this Section 7.2, shall also promptly send a copy of such notice to the other Lenders, the Swingline Lenders and the Issuing Banks, but the failure to do so shall not impair or annul the effect of such notice. 

Section 7.3. Bankruptcy Defaults. When any Event of Default described in Section 7.1(f) or (g) has occurred and is
continuing with respect to any Credit Party, then all outstanding Loans shall immediately become due and payable together with all other accrued amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind,
each of which is expressly waived by the Borrowers; and all obligations of the Lenders, the Swingline Lenders and the Issuing Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Company shall
immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to Section 7.4) the full amount then available for drawing under all outstanding Letters of Credit, each Borrower acknowledging that the Lenders, the
Issuing Banks, the Swingline Lenders and the Administrative Agent would not have an adequate remedy at law for failure by the Borrowers to honor any such demand and that the Lenders, the Issuing Banks, the Swingline Lenders and the Administrative
Agent shall have the right to require the Borrowers to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any of the Letters of Credit. 

Section 7.4. Collateral Account. 

(a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 7.2 or
7.3, the Company shall forthwith pay the amount required to be so prepaid to be held by the Administrative Agent as provided in Section 7.4(b) below. 

(b) All amounts prepaid pursuant to Section 7.4(a) above or pursuant to Sections 2.12(g) or 2.16(e) shall be held as Cash Collateral by
the Administrative Agent in a separate collateral account (such account, the “Collateral Account”) as security for, and for application to (i) the reimbursement of any drawing under any Letter of Credit then or thereafter paid
by any Issuing Bank, (ii) any unallocated Fronting Exposure or (iii) the payment of any Revolving Loans, any Swingline Loans and all other unpaid Obligations then due and owing (collectively, the “Collateralized Obligations”).
The Collateral Account shall be held in the 

  
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name of and subject to the exclusive dominion and control of the Administrative Agent, for the benefit of the Issuing Banks, the Swingline Lenders, the Administrative Agent, and the Lenders, as
pledgee hereunder. If and when required by the Company, the Administrative Agent shall invest and reinvest cash held in the Collateral Account from time to time in Cash Equivalents specified from time to time by the Company, provided that the
Administrative Agent is irrevocably authorized to sell on market terms any investments held in the Collateral Account when and as required to make payments out of the Collateral Account for application to Collateralized Obligations due and owing. At
such time when (A) (i) the Company shall have made payment of all Collateralized Obligations then due and payable and (ii) all relevant preference or other disgorgement periods relating to the receipt of such payments have passed, or
(B) no Default or Event of Default shall be continuing, the Administrative Agent shall repay to the Company any remaining amounts and assets held in the Collateral Account, provided that if the Collateral Account is being released
pursuant to clause (A) and any Letter of Credit then remains outstanding, the Company, prior to or contemporaneously with such release, shall provide the Administrative Agent a back-to-back letter of credit from a bank or financial institution
whose short-term unsecured debt rating is rated A or above from either S&P or Moody’s or such other bank or financial institution satisfactory to the Required Lenders in either case in an amount equal to the undrawn face amount of each such
Letter of Credit and which provides that the Administrative Agent may make a drawing thereunder in the event that an Issuing Bank pays a drawing under such Letter of Credit. In addition, if the aggregate amount on deposit with the Administrative
Agent exceeds the Collateralized Obligations then existing, then the Administrative Agent shall release and deliver such excess amount upon the written request of the Company. In addition, if the aggregate amount on deposit with the Administrative
Agent exceeds the Collateralized Obligations then existing, then the Administrative Agent shall release and deliver such excess amount upon the written request of the Company. 

Section 7.5. Notice of Default. The Administrative Agent shall give notice to the Company under Section 7.2 promptly upon
being requested to do so by the Required Lenders and shall thereupon notify all the Lenders thereof. 
 Section 7.6. Expenses.
The Company agrees to pay to the Administrative Agent, each Issuing Bank, each Swingline Lender and each Lender all reasonable out-of-pocket expenses incurred or paid by the Administrative Agent, such Issuing Bank, such Swingline Lender or such
Lender, including reasonable attorneys’ fees and court costs, in connection with any Default or Event of Default hereunder or in connection with the enforcement of any of the Credit Documents. 

Section 7.7. Distribution and Application of Proceeds. After the occurrence of and during the continuance of an Event of Default,
any payment to the Administrative Agent, any Issuing Bank, any Swingline Lender or any Lender hereunder or from the proceeds of the Collateral Account or otherwise shall be paid to the Administrative Agent to be distributed and applied as follows
(unless otherwise agreed by the Company, the Administrative Agent, all Issuing Banks, all Swingline Lenders and all Lenders): 
 (a) First,
to the payment of any and all reasonable out-of-pocket costs and expenses of the Administrative Agent, including without limitation, reasonable attorneys’ fees 

  
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and out-of-pocket costs and expenses, as provided by this Agreement or by any other Credit Document, incurred in connection with the collection of such payment or in respect of the enforcement of
any rights of the Administrative Agent, the Issuing Banks, the Swingline Lenders or the Lenders under this Agreement or any other Credit Document; 

(b) Second, to the payment of any and all reasonable out-of-pocket costs and expenses of the Issuing Banks, the Swingline Lenders and the
Lenders, including, without limitation, reasonable attorneys’ fees and out-of-pocket costs and expenses, as provided by this Agreement or by any other Credit Document, incurred in connection with the collection of such payment or in respect of
the enforcement of any rights of the Lenders, the Swingline Lenders or the Issuing Banks under this Agreement or any other Credit Document, pro rata in the proportion in which the amount of such costs and expenses unpaid to each Lender, each
Swingline Lender or each Issuing Bank bears to the aggregate amount of the costs and expenses unpaid to all Lenders, all Swingline Lenders and all Issuing Banks collectively, until all such fees, costs and expenses have been paid in full; 

(c) Third, to the payment of any due and unpaid fees to the Administrative Agent, any Lender, any Swingline Lender or any Issuing Bank as
provided by this Agreement or any other Credit Document, pro rata in the proportion in which the amount of such fees due and unpaid to the Administrative Agent, each Lender, each Swingline Lender, and each Issuing Bank bears to the aggregate
amount of the fees due and unpaid to the Administrative Agent, all Lenders, all Swingline Lenders and all Issuing Banks collectively, until all such fees have been paid in full; 

(d) Fourth, to the payment of accrued and unpaid interest on the Loans or the Reimbursement Obligations to the date of such application,
pro rata in the proportion in which the amount of such interest, accrued and unpaid to each Lender, each Swingline Lender or each Issuing Bank bears to the aggregate amount of such interest accrued and unpaid to all Lenders, all Swingline
Lenders and all Issuing Banks collectively, until all such accrued and unpaid interest has been paid in full; 
 (e) Fifth, to the payment
of the outstanding due and payable principal amount of each of the Loans and the amount of the outstanding Reimbursement Obligations (reserving Cash Collateral for all undrawn face amounts of any outstanding Letters of Credit (if Section 7.4(a)
has not been complied with)), pro rata in the proportion in which the outstanding principal amount of such Loans and the amount of such outstanding Reimbursement Obligations owing to each Lender, each Swingline Lender and each Issuing Bank,
together (if Section 7.4(a) has not been complied with) with the undrawn face amounts of such outstanding Letters of Credit, bears to the aggregate amount of all outstanding Loans, outstanding Reimbursement Obligations and (if
Section 7.4(a) has not been complied with) the undrawn face amounts of all outstanding Letters of Credit. In the event that any such Letters of Credit, or any portions thereof, expire without being drawn, any Cash Collateral therefor shall be
distributed by the Administrative Agent until the principal amount of all Loans and Reimbursement Obligations shall have been paid in full; 

  
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 (f) Sixth, to the payment of any other outstanding Obligations then due and payable, pro
rata in the proportion in which the outstanding Obligations owing to each Lender, each Issuing Bank, each Swingline Lender and Administrative Agent bears to the aggregate amount of all such Obligations until all such Obligations have been paid
in full; and 
 (g) Seventh, to a Borrower or as the Company may direct. 

ARTICLE 8 
 CHANGE IN
CIRCUMSTANCES 
 Section 8.1. Change in Law. 

(a) Notwithstanding any other provisions of this Agreement or any Note, if a Change in Law makes it unlawful for any Lender to make or
maintain Eurodollar Loans, or any Issuing Bank to issue any Letter of Credit or to provide payment thereunder in any Specified Currency, such Lender or Issuing Bank, as the case may be, shall promptly give written notice thereof and of the basis
therefor in reasonable detail to the Company, and such Lender’s or Issuing Bank’s obligations to fund affected Eurodollar Loans or make, continue or convert such Loans under this Agreement, or to issue any such Letters of Credit, as the
case may be, shall thereupon be suspended until it is no longer unlawful for such Lender to make or maintain such Loans or such Issuing Bank to issue such Letters of Credit. 

(b) Upon the giving of the notice to the Company referred to in Section 8.1(a) above in respect of any such Loan, and provided the
applicable Borrower shall not have prepaid such Loan pursuant to Section 2.9, (i) any such outstanding Loan of such Lender shall be automatically converted to a Base Rate Loan on the last day of the Interest Period then applicable thereto
or on such earlier date as required by law, and (ii) such Lender shall make or continue its portion of any requested Borrowing of such Loan as a Base Rate Loan, which Base Rate Loan shall, for all other purposes, be considered part of such
Borrowing. 
 (c) Any Lender or Issuing Bank that has given any notice pursuant to Section 8.1(a) shall, upon determining that it would
no longer be unlawful for it to make such Loans or issue such Letters of Credit, give prompt written notice thereof to the Company and the Administrative Agent, and upon giving such notice, its obligation to make, allow conversions into and maintain
such Loans or issue such Letters of Credit shall be reinstated. 
 Section 8.2. Unavailability of Deposits or Inability to Ascertain
LIBOR Rate. If on or before the first day of any Interest Period for any Borrowing of Eurodollar Loans the Administrative Agent determines in good faith (after consultation with the other Lenders) that, due to changes in circumstances since the
date hereof, adequate and fair means do not exist for determining the LIBOR Rate (including without limitation, the unavailability of matching deposits) or such rate will not accurately reflect the cost to the Required Lenders of funding Eurodollar
Loans for such Interest Period, the Administrative Agent shall give written notice (in reasonable detail) of such determination and of the basis therefor to the Company and the Lenders, whereupon until the Administrative Agent notifies the Company
and Lenders that the circumstances giving rise to such suspension no longer exist (which the Administrative Agent 

  
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shall do promptly after they do not exist), (i) the obligations of the Lenders to make, continue or convert Loans as or into such Eurodollar Loans, or to convert Base Rate Loans into such
Eurodollar Loans, shall be suspended and (ii) each Eurodollar Loan will automatically on the last day of the then existing Interest Period therefor, convert into a Base Rate Loan in U.S. Dollars. 

Section 8.3. Increased Cost and Reduced Return. 

(a) If, a Change in Law, or compliance by the Administrative Agent, any Lender, Swingline Lender or Issuing Bank (or its applicable Lending
Office) with any request or directive (whether or not having the force of law) of any Governmental Authority issued after the date hereof (or, if later, after the date the Administrative Agent, such Swingline Lender, such Issuing Bank, or such
Lender becomes the Administrative Agent, an Issuing Bank, a Swingline Lender or a Lender): 
 (i) subjects any Lender,
Swingline Lender or Issuing Bank (or its applicable Lending Office) to any tax, duty or other charge related to any Eurodollar Loan, Reimbursement Obligation, or its obligation to advance or maintain Eurodollar Loans or issue any Letter of Credit,
or shall change the basis of taxation of payments to any Lender, Swingline Lender or Issuing Bank (or its applicable Lending Office) of the principal of or interest on its Eurodollar Loans, Letters of Credit or Reimbursement Obligation or any
participations in any thereof, or any other amounts due under this Agreement related to its Eurodollar Loans, Letters of Credit, Reimbursement Obligations or participations therein, or its obligation to make Eurodollar Loans, issue Letters of
Credit, or acquire participations therein (except in each case for changes with respect to (a) taxes that are not Indemnified Taxes, (b) Indemnified Taxes, or (c) any other taxes otherwise governed by Section 10.3); 

(ii) imposes, modifies or deems applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement (including, without limitation, any such requirement imposed by the Board of Governors of the Federal Reserve System, but excluding for any Eurodollar Loan any such requirement included in an applicable Statutory Reserve Rate) against
assets of, deposits with or for the account of, or credit extended or participated in by, any Lender, Swingline Lender or Issuing Bank (or its applicable Lending Office) or imposes on any Lender, Swingline Lender or Issuing Bank (or its Lending
Office) or on the interbank market any other condition affecting its Eurodollar Loans, Letters of Credit, any Reimbursement Obligations owed to it, or its participations in any thereof, or its obligation to advance or maintain Eurodollar Loans,
issue Letters of Credit or participate in any thereof; or 
 (iii) imposes on any Lender, any Swingline Lender or any Issuing
Bank or the London interbank market any other condition, cost or expense (other than taxes) affecting this Agreement or Loans made by such Lender, Swingline Lender or Issuing Bank or any Letter of Credit or participation therein; 

and the result of any of the foregoing is to increase the cost to such Lender, Swingline Lender or Issuing Bank (or its applicable Lending Office) of making,
converting to, continuing or maintaining any Loan, or to increase the cost to such Lender, such Swingline Lender or such 

  
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Issuing Bank 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, Swingline Lender or Issuing Bank (or its applicable Lending Office) (whether of principal, interest or any other amount) in connection therewith under this Agreement or its Note, by an amount deemed by such
Lender, Swingline Lender or Issuing Bank to be material, then, subject to Section 8.3(c), from time to time, within thirty (30) days after receipt of a certificate from such Lender, Swingline Lender or Issuing Bank (with a copy to the
Administrative Agent) pursuant to subsection (c) below setting forth in reasonable detail such determination and the basis thereof, the Company shall be obligated to pay (or cause the applicable Designated Borrower to pay) to such Lender,
Swingline Lender or Issuing Bank such additional amount or amounts as will compensate such Lender, Swingline Lender or Issuing Bank for such increased cost or reduction. 

(b) If, after the date hereof, the Administrative Agent, any Lender, any Swingline Lender or any Issuing Bank reasonably determines that a
Change in Law affecting the Administrative Agent, such Lender, Swingline Lender or Issuing Bank or any lending office of such Lender or Swingline Lender or such Lender’s, Swingline Lender’s or Issuing Bank’s holding company, if any,
regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s, Issuing Bank’s or Swingline Lender’s capital or on the capital of such Lender’s, Issuing Bank’s or
Swingline Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender, the Swingline Commitments of such Swingline Lender or the Loans or Swingline Loans made by, or participations in Letters of Credit
or Swingline Loans held by, such Lender or Swingline Lender, or the Letters of Credit issued by any Issuing Bank, to a level below that which such Lender, Swingline Lender or Issuing Bank or such Lender’s, Swingline Lender’s or Issuing
Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s, Issuing Bank’s or Swingline Lender’s policies and the policies of such Lender’s, Issuing Bank’s or
Swingline Lender’s holding company) by an amount reasonably deemed by such Lender, Issuing Bank or Swingline Lender to be material, then, subject to Section 8.3(c), from time to time, within thirty (30) days after its receipt of a
certificate from such Lender, Issuing Bank or Swingline Lender (with a copy to the Administrative Agent) pursuant to Section 8.3(c) below setting forth in reasonable detail such determination and the basis thereof, the Company shall pay (or
cause the applicable Designated Borrower to pay) to such Lender, Issuing Bank or Swingline Lender such additional amount or amounts as will compensate such Lender, Issuing Bank or Swingline Lender for such reduction suffered or the applicable
Borrower may prepay all Eurodollar Loans of such Lender or obtain the cancellation of all such Letters of Credit. 
 (c) Each of the
Administrative Agent, the Lenders, the Swingline Lenders and the Issuing Banks that determines to seek compensation under this Section 8.3 shall give written notice to the Company and, in the case of a Lender, a Swingline Lender or an Issuing
Bank other than the Administrative Agent, the Administrative Agent of the circumstances that entitle the Administrative Agent, such Lender, such Swingline Lender or such Issuing Bank to such compensation no later than ninety (90) days after the
Administrative Agent, such Lender, such Swingline Lender or such Issuing Bank receives actual notice or obtains actual knowledge of the law, rule, order or interpretation or occurrence of another event giving rise to a claim hereunder.

  
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In any event no Borrower shall have any obligation to pay any amount with respect to claims accruing prior to the ninetieth day preceding such written demand; provided that if the basis or
circumstances in respect of Section 8.3 giving rise to such compensation is retroactive, then such 90-day period referred to in this sentence shall be extended to include the period with retroactive effect thereof. Each of the Administrative
Agent, the Lenders, the Swingline Lenders and the Issuing Banks shall use reasonable efforts to avoid the need for, or reduce the amount of, such compensation, and any payment under Section 3.3, including, without limitation, the designation of
a different Lending Office, if such action or designation will not, in the sole judgment of the Administrative Agent, such Lender, such Swingline Lender or such Issuing Bank made in good faith, be otherwise disadvantageous to it; provided that
the foregoing shall not in any way affect the rights of any Lender, any Swingline Lender or any Issuing Bank or the obligations of the Borrowers under this Section 8.3. A certificate of the Administrative Agent, any Lender, any Swingline
Lender or any Issuing Bank, as applicable, claiming compensation under this Section 8.3, and setting forth the additional amount or amounts to be paid to it hereunder and accompanied by a statement prepared by the Administrative Agent, such
Lender, such Swingline Lender or such Issuing Bank, as applicable, describing in reasonable detail the calculations thereof shall be prima facie evidence of the correctness thereof. In determining such amount, such Lender, such
Swingline Lender or such Issuing Bank may use any reasonable averaging and attribution methods. 
 Section 8.4. Lending Offices.
The Administrative Agent, each Swingline Lender, each Lender and each Issuing Bank may, at its option, elect to make or maintain its Loans and issue its Letters of Credit hereunder at the Lending Office for each Type and/or currency of Loan or
Letter of Credit available hereunder or at such other of its branches, offices or Affiliates as it may from time to time elect and designate in a written notice to the Company and the Administrative Agent, provided that, except in the case of
any such transfer to another of its branches, offices or Affiliates made at the request of the Company, no Borrower shall be responsible for the costs arising under Section 3.3 or 8.3 resulting from any such transfer to the extent not otherwise
applicable to such Lender, such Swingline Lender or such Issuing Bank prior to such transfer. 
 Section 8.5. Discretion of Lender
as to Manner of Funding. Subject to the other provisions of this Agreement, each Lender, each Swingline Lender and each Issuing Bank shall be entitled to fund and maintain its funding of all or any part of its Loans and Letters of Credit in any
manner it sees fit. 
 Section 8.6. Substitution of Lender or Issuing Bank. If (a) any Lender or Issuing Bank has demanded
compensation or given notice of its intention to demand compensation under Section 8.3, (b) a Borrower is required to pay any additional amount to any Lender or Issuing Bank under Section 2.11, (c) any Lender or Issuing Bank is
unable to submit any form or certificate required under Section 3.3 or withdraws or cancels any previously submitted form with no substitution therefor, (d) any Lender or Issuing Bank gives notice of any Change in Law or regulations, or in
the interpretation thereof, pursuant to Section 8.1, (e) any Lender or Issuing Bank is a Defaulting Lender or a Protesting Lender or has been declared insolvent or a receiver or conservator has been appointed for a material portion of its
assets, business or properties, (f) any Lender or Issuing Bank shall seek to avoid its obligation to make 

  
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or maintain Loans or issue Letters of Credit hereunder for any reason, including, without limitation, reliance upon 12 U.S.C. § 1821(e) or (n) (1) (B), (g) any taxes referred
to in Section 3.3 or Section 10.3 have been levied or imposed (or the Company determines in good faith that there is a substantial likelihood that such taxes will be levied or imposed) so as to require withholding or deductions by a
Borrower or payment by a Borrower of additional amounts to any Lender or Governmental Authority, or other reimbursement or indemnification of any Lender or Issuing Bank as a result thereof, (h) any Lender shall decline to consent to a
modification or waiver of the terms of this Agreement or any other Credit Documents requested by the Company, or shall fail to give its consent to a Redomestication under the laws of a jurisdiction that requires Required Lender consent pursuant to
the definition of “Redomestication”, (i) an Issuing Bank gives notice pursuant to Section 2.12(a)(iii) that the issuance of the Letter of Credit would violate any legal or regulatory restriction then applicable to such Issuing
Bank, or (j) any Lender or Issuing Bank ceases to be entitled to complete exemption from U.S. federal withholding tax under FATCA with respect to payments to be received pursuant to any Credit Document or L/C Document (as if such payments were
U.S. source) or so notifies the Borrowers under Section 3.3(d), then and in such event, upon request from the Company delivered to such Lender or Issuing Bank, and the Administrative Agent, such Lender shall assign, in accordance with the
provisions of Section 10.10 (including the provisions governing required consents) and an appropriately completed Assignment Agreement, all of its rights and obligations under the Credit Documents to another Lender or a commercial banking
institution selected by the Company, in consideration for the payments set forth in such Assignment Agreement and payment by the Company (or the Company shall cause the applicable Designated Borrower to pay) to such Lender of all other amounts which
such Lender may be owed pursuant to this Agreement, including, without limitation, Sections 2.11, 3.3, 8.3 and 10.13. 
 ARTICLE 9

 THE ADMINISTRATIVE AGENT; ISSUING BANKS; RELEASE OF GUARANTIES 

Section 9.1. Appointment and Authorization of Administrative Agent. Each of the Lenders, the Issuing Banks and the Swingline
Lenders hereby appoints JPMorgan Chase Bank, N.A. as the Administrative Agent, and hereby authorizes the Administrative Agent to take such action on each of its behalf and to exercise such powers under the Credit Documents as are delegated to the
Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto. 
 Section 9.2. Rights
and Powers. The Administrative Agent, to the extent each such Person is also a Lender, shall have the same rights and powers under the Credit Documents as any other Lender and may exercise or refrain from exercising such rights and power as
though it were not the Administrative Agent, and the Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with the Company or any of its Subsidiaries or Affiliates as if it
were not the Administrative Agent under the Credit Documents. The term Lender as used in all Credit Documents, unless the context otherwise clearly requires, includes, to the extent such Person is also a Lender hereunder, the Administrative Agent in
its individual capacity as a Lender. In the event that JPMorgan Chase 

  
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Bank, N.A. or any of its Affiliates shall be or become an indenture trustee under the Trust Indenture Act of 1939 (as amended, the “Trust Indenture Act”) in respect of any
securities issued or guaranteed by any Credit Party, the parties hereto acknowledge and agree that any payment or property received in satisfaction of or in respect of any Obligation of such Credit Party hereunder or under any other Credit Document
by or on behalf of JPMorgan Chase Bank, N.A. in its capacity as the Administrative Agent for the benefit of any Lender, any Swingline Lender or any Issuing Bank under any Credit Document (other than JPMorgan Chase Bank, N.A. or an Affiliate of
JPMorgan Chase Bank, N.A.) and which is applied in accordance with the Credit Documents shall be deemed to be exempt from the requirements of Section 311 of the Trust Indenture Act pursuant to Section 311(b)(3) of the Trust Indenture
Act. 
 Section 9.3. Action by Administrative Agent. The obligations of the Administrative Agent under the Credit
Documents are only those expressly set forth therein. Neither any Co-Arranger nor any Co-Syndication Agent nor any Co-Documentation Agent shall have any duties, responsibilities, or obligations hereunder in such capacity. Without limiting the
generality of the foregoing, the Administrative Agent shall not be required to take any action concerning any Default or Event of Default, except as expressly provided in Sections 7.2 and 7.5. Unless and until the Required Lenders (or, if required
by Section 10.11, all of the Lenders) give such direction (including, without limitation, the giving of a notice of default as described in Section 7.1(c)), the Administrative Agent may, except as otherwise expressly provided herein or
therein, take or refrain from taking such actions as it deems appropriate and in the best interest of all the Lenders and the Swingline Lenders. In no event, however, shall the Administrative Agent be required to take any action in violation of
applicable law or of any provision of any Credit Document, and the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder or under any other Credit Document unless it first receives any further assurances
of its indemnification from the Lenders that it may require, including prepayment of any related expenses and any other protection it requires against any and all costs, expenses, and liabilities it may incur in taking or continuing to take any such
action. The Administrative Agent shall be entitled to assume that no Default or Event of Default, other than non-payment of any scheduled principal or interest payment due hereunder, exists unless notified in writing to the contrary by a Lender or
the Company. In all cases in which the Credit Documents do not require the Administrative Agent to take specific action, the Administrative Agent shall be fully justified in using its discretion in failing to take or in taking any action thereunder.
Any instructions of the Required Lenders, or of any other group of Lenders called for under specific provisions of the Credit Documents, shall be binding on all the Lenders and holders of Revolving Notes. 

Section 9.4. Consultation with Experts. The Administrative Agent may consult with legal counsel, independent public accountants
and other experts selected by it and shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with the advice of such counsel, accountants or experts. 

Section 9.5. Indemnification Provisions; Credit Decision. Neither the Administrative Agent, nor any of its directors, officers,
agents, or employees shall be liable to any Lender for any action taken or not taken by them in connection with the Credit Documents (i) with the consent or at the request of the Required Lenders (or, if required by Section 10.11, all of
the Lenders), or (ii) in the absence of their own gross negligence or willful misconduct. 

  
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Neither the Administrative Agent, nor any of its directors, officers, agents or employees shall be responsible for or have any duty to ascertain, inquire into or verify (i) any statement,
warranty or representation made in connection with this Agreement, any other Credit Document, any Borrowing or any issuance of a Letter of Credit; (ii) the performance or observance of any of the covenants or agreements of the Company or any
Subsidiary contained herein or in any other Credit Document; (iii) the satisfaction of any condition specified in Article 4, except receipt of items required to be delivered to the Administrative Agent; or (iv) the validity, effectiveness,
genuineness, enforceability, value, worth or collectability hereof or of any other Credit Document or of any other documents or writings furnished in connection with any Credit Document; and the Administrative Agent makes no representation of any
kind or character with respect to any such matters mentioned in this sentence. The Administrative Agent may execute any of their duties under any of the Credit Documents by or through employees, agents, and attorneys-in-fact and shall not be
answerable to the Lenders or any other Person for the default or misconduct of any such agents or attorneys-in-fact selected with reasonable care. The Administrative Agent shall not incur any liability by acting in reliance upon any notice, consent,
certificate, other document or statement (whether written or oral) believed by it to be genuine or to be sent by the proper party or parties. In particular and without limiting any of the foregoing, the Administrative Agent shall have no
responsibility for confirming the accuracy of any Compliance Certificate or other document or instrument received by any of them under the Credit Documents. The Administrative Agent may treat the payee of any Note as the holder thereof until written
notice of transfer shall have been filed with such Administrative Agent signed by such owner in form satisfactory to such Administrative Agent. Each of the Lenders and the Swingline Lenders acknowledges that it has independently, and without
reliance on the Administrative Agent, any other Swingline Lender or any other Lender, obtained such information and made such investigations and inquiries regarding the Company and its Subsidiaries as it deems appropriate, and based upon such
information, investigations and inquiries, made its own credit analysis and decision to extend credit to the Borrowers in the manner set forth in the Credit Documents. It shall be the responsibility of each Lender and each Swingline Lender to keep
itself informed about the creditworthiness and business, properties, assets, liabilities, condition (financial or otherwise) and prospects of the Company and its Subsidiaries, and the Administrative Agent shall have no liability whatsoever to any
Lender or any Swingline Lender for such matters. The Administrative Agent shall have no duty to disclose to the Lenders or the Swingline Lenders information that is not required by any Credit Document to be furnished by the Company or any
Subsidiaries to the Administrative Agent at such time, but is voluntarily furnished to the Administrative Agent (either in its capacity as Administrative Agent or in its individual capacity). 

Section 9.6. Indemnity. The Lenders shall ratably, in accordance with their Percentages, indemnify and hold the Administrative
Agent, and its directors, officers, employees, agents and representatives harmless from and against any liabilities, losses, costs or expenses suffered or incurred by it under any Credit Document or in connection with the transactions contemplated
thereby, regardless of when asserted or arising, except to the extent they are promptly reimbursed for the same by the Company and except to the extent that any event giving rise to a claim was caused by the gross negligence or willful misconduct of
the party seeking to be indemnified. The obligations of the Lenders under this Section 9.6 shall survive termination of this Agreement. 

  
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 Section 9.7. Resignation. 

(a) Resignation of Administrative Agent. The Administrative Agent may resign at any time and shall resign upon any removal thereof as a
Lender pursuant to the terms of this Agreement upon at least thirty (30) days’ prior written notice to the Lenders and the Company. Any resignation of the Administrative Agent shall not be effective until a replacement therefor is
appointed pursuant to the terms hereof. Upon any such resignation of the Administrative Agent, the Required Lenders and, so long as no Event of Default shall then exist, with the consent of the Company (which consent shall not be unreasonably
withheld or delayed) shall have the right to appoint a successor Administrative Agent. If no successor Administrative Agent shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days
after the retiring Administrative Agent’s giving of notice of resignation, then the retiring Administrative Agent may, on behalf of the Lenders and, so long as no Event of Default shall then exist, with the consent of the Company (which consent
shall not be unreasonably withheld or delayed) appoint a successor Administrative Agent, which shall be any Lender hereunder or any commercial bank organized under the laws of the United States of America or of any State thereof and having a
combined capital and surplus of at least $1,000,000,000. Upon the acceptance of its appointment as the Administrative Agent hereunder, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights and duties of
the retiring Administrative Agent under the Credit Documents, and the retiring Administrative Agent shall be discharged from its duties and obligations thereunder. After any retiring Administrative Agent’s resignation hereunder as
Administrative Agent, the provisions of this Article 9 and all protective provisions of the other Credit Documents shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent. 

(b) Resignation of Issuing Banks. If at any time an Issuing Bank assigns all of its Commitment and Loans pursuant to
Section 10.10(b), such Issuing Bank may, upon 30 days’ prior written notice to the Company, the Administrative Agent, and the Lenders, resign as an Issuing Bank. In such event, the Company may, with the approval of the Administrative Agent
and the acceptance of the duties of an Issuing Bank by the Lender so requested, request that another Lender serve as Issuing Bank under this Agreement; provided, however, that the absence of any successor Issuing Bank shall not affect the
resignation of the resigning Issuing Bank. Any resigning Issuing Bank shall retain all the rights, powers, privileges and duties of an Issuing Bank under this Agreement with respect to all Letters of Credit outstanding as of the effective date of
its resignation and all Reimbursement Obligations with respect thereto (including the right to require the Lenders to make Loans or fund risk participations in Reimbursement Obligations pursuant to Section 2.12). Upon the appointment of any
successor Issuing Bank (i) such successor Issuing Bank shall succeed to and become vested with all of the rights, powers, privileges and duties of an Issuing Bank under this Agreement, and (ii) such successor Issuing Bank shall issue
Letters of Credit in substitution for the Letters of Credit, if any, previously issued by the resigning Issuing Bank that are outstanding at the time of such succession or make other arrangements satisfactory to the resigning Issuing Bank to
effectively assume the obligations of the resigning Issuing Bank with respect to such Letters of Credit. 

  
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 Section 9.8. Release of Guaranties. 

(a) So long as no Default or Event of Default would result from such release, if all of the equity interests in a Guarantor owned by the
Company and its Subsidiaries is sold or otherwise disposed of to any Person (other than the Company or a Subsidiary) in a transaction or transactions permitted by this Agreement, such Guarantor shall be automatically released from its Subsidiary
Guaranty and all obligations of such Guarantor under its Subsidiary Guaranty and the other Credit Documents shall be automatically released, satisfied and discharged in full and, from and after such release, such Guarantor shall no longer constitute
a “Guarantor” or a “Credit Party” hereunder. 
 (b) So long as the Company will be in compliance with Section 6.11
immediately after giving effect to such release and no Default or Event of Default would result from such release, automatically upon the receipt by the Administrative Agent of notice from the Company that any Guarantor shall be released from its
Subsidiary Guaranty, such Guarantor shall be automatically released from its Subsidiary Guaranty and all obligations of such Guarantor under its Subsidiary Guaranty and the other Credit Documents shall be automatically released, satisfied and
discharged in full and, from and after such release, such Guarantor shall no longer constitute a “Guarantor” or a “Credit Party” hereunder. 

(c) If, at any time, there are no Designated Borrowers, then automatically upon the receipt by the Administrative Agent of notice from the
Company that the Co-Borrower Cross-Guaranty is terminated, the Co-Borrower Cross-Guaranty shall automatically terminate and all obligations of the Borrowers thereunder shall be automatically released, satisfied and discharged in full (it being
understood that upon any subsequent designation of any Designated Borrower, the Borrowers shall be required to become a party to the Co-Borrower Cross-Guaranty pursuant to Section 2.17). 

(d) The Administrative Agent shall (and each Lender, Swingline Lender and Issuing Bank hereby irrevocably authorizes the Administrative Agent
to) execute such documents as may be necessary or reasonably requested by the Company to evidence any release pursuant to this Section 9.8. 

ARTICLE 10 

MISCELLANEOUS 

Section 10.1. No Waiver. No delay or failure on the part of the Administrative Agent, any Lender, any Swingline Lender or any
Issuing Bank, or on the part of the holder or holders of any Notes, in the exercise of any power, right or remedy under any Credit Document shall operate as a waiver thereof or as an acquiescence in any default, nor shall any single or partial
exercise thereof preclude any other or further exercise of any other power, right or remedy. To the fullest extent permitted by applicable law, the powers, rights and remedies under the Credit Documents of the Administrative Agent, the Lenders, the
Issuing Banks and the Swingline Lenders and the holder or holders of any Notes are cumulative to, and not exclusive of, any powers, rights or remedies any of them would otherwise have. 

  
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 Section 10.2. Non-Business Day. Subject to Section 2.4, if any payment of
principal or interest on any portion of any Loan, any Reimbursement Obligation, or any other Obligation shall fall due on a day which is not a Business Day, interest or fees (as applicable) at the rate, if any, such portion of any Loan, any
Reimbursement Obligation, or other Obligation bears for the period prior to maturity shall continue to accrue in the manner set forth herein on such Obligation from the stated due date thereof to the next succeeding Business Day, on which the same
shall instead be payable. 
 Section 10.3. Documentary Taxes. The Company agrees that it will pay (or cause the applicable
Designated Borrower to pay) any documentary, stamp or similar taxes payable with respect to any Credit Document, including interest and penalties, in the event any such taxes are assessed irrespective of when such assessment is made, other than any
such taxes imposed as a result of any transfer of an interest in a Credit Document. Each Lender, each Issuing Bank and each Swingline Lender that determines to seek compensation under this Section 10.3 shall give written notice to the Company
and, in the case of a Lender, an Issuing Bank or a Swingline Lender other than the Administrative Agent, the Administrative Agent of the circumstances that entitle such Lender, such Issuing Bank or such Swingline Lender to such compensation no later
than ninety (90) days after such Lender, such Issuing Bank or such Swingline Lender receives actual notice or obtains actual knowledge of the law, rule, order or interpretation or occurrence of another event giving rise to a claim under this
Section 10.3. In any event, no Borrower shall have any obligation to pay any amount with respect to claims accruing prior to the 90th day preceding such written demand. 

Section 10.4. Survival of Representations. All representations and warranties made herein or in certificates given pursuant hereto
shall survive the execution and delivery of this Agreement and the other Credit Documents, and shall continue in full force and effect with respect to the date as of which they were made until Facility Termination. 

Section 10.5. Survival of Indemnities. All indemnities and all provisions relative to reimbursement to the Lenders, the Swingline
Lenders and the Issuing Banks of amounts sufficient to protect the yield of the Lenders, the Swingline Lenders and the Issuing Banks with respect to the Loans and the L/C Obligations, including, but not limited to, Section 2.11,
Section 3.3, Section 7.6, Section 8.3, Section 10.3, and Section 10.13 hereof, shall, subject to Section 8.3(c), survive Facility Termination and, with respect to any Lender, any Issuing Bank or any Swingline Lender,
any replacement by the Company of such Lender pursuant to the terms hereof, in each case for a period of one (1) year. 

Section 10.6. Setoff. In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any
such rights, upon the occurrence of, and throughout the continuance of, any Event of Default, each Lender, each Issuing Bank and each Swingline Lender is hereby authorized by the Borrowers at any time or from time to time, without prior notice to
such Borrower or any other Person, any such prior notice being hereby expressly waived, to set off and to appropriate and to apply any and all deposits (general or special, including, but not limited to, Indebtedness evidenced by certificates of
deposit, whether matured or unmatured, but not including trust accounts, and in whatever currency denominated) and any other Indebtedness at any time owing by such Lender, such Swingline Lender or such 

  
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Issuing Bank to or for the credit or the account of such Borrower, whether or not matured, against and on account of the due and unpaid obligations and liabilities of such Borrower to such
Lender, such Swingline Lender or such Issuing Bank or that subsequent holder under the Credit Documents, irrespective of whether or not such Lender, such Swingline Lender or such Issuing Bank shall have made any demand hereunder. Each Lender, each
Swingline Lender or each Issuing Bank shall promptly give notice to the Company and the Administrative Agent of any action taken by it under this Section 10.6, provided that any failure of such Lender, such Swingline Lender or such
Issuing Bank to give such notice to the Company or the Administrative Agent shall not affect the validity of such setoff. Each Lender, each Swingline Lender and each Issuing Bank agrees with each other Lender, each other Swingline Lender and each
other Issuing Bank a party hereto that if such Lender, such Swingline Lender or such Issuing Bank receives and retains any payment, whether by setoff or application of deposit balances or otherwise, in respect of the Loans or L/C Obligations in
excess of its ratable share of payments on all such Obligations then owed to the Lenders, the Swingline Lenders and the Issuing Banks hereunder, then such Lender, such Swingline Lender or such Issuing Bank shall purchase for cash at face value, but
without recourse, ratably from each of the other Lenders such amount of the Loans and L/C Obligations and participations therein held by each such other Lender, Swingline Lender or Issuing Bank as shall be necessary to cause such Lender, such
Swingline Lender or such Issuing Bank to share such excess payment ratably with all the other Lenders, the Swingline Lenders and the Issuing Banks; provided, however, that if any such purchase is made by any Lender, any Swingline Lender or
any Issuing Bank, and if such excess payment or part thereof is thereafter recovered from such purchasing Lender, Swingline Lender or Issuing Bank, the related purchases from the other Lenders, Swingline Lenders or the Issuing Banks shall be
rescinded ratably and the purchase price restored as to the portion of such excess payment so recovered, but without interest; provided further, that in the event that any Defaulting Lender shall exercise any such right of setoff,
(i) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.18 and, pending such payment, shall be segregated by such Defaulting Lender from
its other funds and deemed held in trust for the benefit of the Administrative Agent, the Lenders, the Swingline Lenders and the Issuing Banks, and (ii) the Defaulting Lender shall provide promptly to the Administrative Agent a statement
describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. 

Section 10.7. Notices. 

(a) Except as otherwise specified herein and except as otherwise provided in Section 10.7(b), all notices under the Credit Documents
shall be in writing (including email or facsimile) and shall be given to a party hereunder at its address, email address or facsimile number set forth below or such other address, email address or facsimile number as such party may hereafter specify
by notice to the Administrative Agent and the Company, given by courier, by United States certified or registered mail, by telegram or by other telecommunication device (including email) capable of creating a written record of such notice and its
receipt. Notices under the Credit Documents to the Lenders shall be addressed to their respective domestic Lending Offices in the United States at the respective addresses, email addresses or facsimile numbers set forth on their applicable
Administrative Questionnaire provided to the Administrative Agent and the Company or, in the case of Persons becoming Lenders after the 

  
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Effective Date, on their applicable Assignment Agreements (or other instrument pursuant to which such Lender became a Lender hereunder), and to the Company, the Administrative Agent, the
Swingline Lenders and the Issuing Banks: 
  

			
	 To the Company:
		Noble Corporation
			 c/o Maples Corporate Services Limited

			 P.O. Box 309, Ugland House

			 S. Church Street

			 Grand Cayman

			 KY1-1104

			 Cayman Islands

			 Attention: Alan Hay

		
	 with a copy to:
		Noble Drilling Services, Inc.
			 13135 South Dairy Ashford, Suite 800

			 Sugar Land, Texas 77478

			 Attention:    Legal Department

			 Facsimile:   281-491-2092

		
	 To the Administrative Agent:
		JPMorgan Chase Bank, N.A.
			 500 Stanton Christiana Road, Ops 2

			 Newark DE 19713

			 Attn: Evan Zacharias

			 Phone: 302-634-1405

			 Fax: 302-634-1417

		
			 With a copy to:

			 JPMorgan Chase Bank, N.A.

			 712 Main Street, Floor: 12

			 Houston TX 77002

			 Attn: Muhammad Hasan

			 Phone: 713-216-3433

			 Fax: 713-216-4117

		
	 To a Swingline Lender:
		To such Swingline Lender at such address as
			 designated from time to time by such Swingline

			 Lender

		
	 To an Issuing Bank:
		To such Issuing Bank at such address as designated
			 from time to time by such Issuing Bank

 Each such notice, request or other communication shall be effective (i) if given by facsimile or email, when such fax or
email is transmitted to the email address or facsimile number specified in this Section 10.7 or pursuant to Section 10.10 and a confirmation of receipt of such fax or email has been received by the sender, (ii) if given by courier,
when delivered, (iii) if given by mail, five (5) days after such communication is deposited in the mail, certified or registered with 

  
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return receipt requested, or (iv) if given by any other means, when delivered at the addresses specified in this Section 10.7, or pursuant to Section 10.10; provided
that any notice given pursuant to Article 2 shall be effective only upon receipt and, provided, further, that any notice that but for this proviso would be effective after the close of business on a Business Day or on a day that is not a
Business Day shall be effective at the opening of business on the next Business Day. 
 Notwithstanding the foregoing, materials required to be
delivered pursuant to Section 6.6 shall be delivered to the Administrative Agent as specified in Section 10.7(b) or as otherwise specified to the Company by the Administrative Agent; provided that any communication that
(A) relates to a request for a new, or a conversion of an existing, Loan or other extension of credit (including any election of an interest rate or Interest Period relating thereto), (B) relates to the payment of any principal or other
amount due under this Agreement prior to the scheduled date therefor, (C) provides notice of any Default or Event of Default or (D) is required to be delivered to satisfy any condition precedent to the effectiveness of any provision of
this Agreement and/or any Loan, Letter of Credit, increase of any Letter of Credit or other extension of credit hereunder, shall be in writing (including email or facsimile communication) and mailed, emailed, faxed or delivered pursuant to this
Section 10.7(a). 
 (b) The Company will provide to the Administrative Agent all information, documents and other materials that it is
obligated to furnish to the Administrative Agent pursuant to the Credit Documents, including all notices, requests, financial statements, financial and other reports, certificates and other information materials, but excluding any such communication
that (i) relates to a request for a new, or a conversion of an existing, Loan, a new Letter of Credit, any increase of any Letter of Credit, or other extension of credit (including any election of an interest rate or Interest Period relating
thereto), (ii) relates to the payment of any principal or other amount due under this Agreement prior to the scheduled date therefor, (iii) provides notice of any Default or Event of Default or (iv) is required to be delivered to
satisfy any condition precedent to the effectiveness of any provision of this Agreement and/or any Loan, Letter of Credit, increase of any Letter of Credit or other extension of credit hereunder (all such non-excluded communications being referred
to herein collectively as “Communications”), by transmitting the Communications in an electronic/soft medium to evan.zacharias@jpmorgan.com. 

The Company further agrees that the Administrative Agent may make the Communications available to the Swingline Lenders, the Lenders and the Issuing
Banks by posting the Communications on Intralinks or a substantially similar electronic transmission system (the “Platform”). The Company acknowledges that the distribution of material through an electronic medium is not necessarily
secure and that there are confidentiality and other risks associated with such distribution. 
 THE PLATFORM IS PROVIDED “AS IS” AND
“AS AVAILABLE”. THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO
WARRANTY OF ANY KIND, 

  
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EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES
OR OTHER CODE DEFECTS, IS MADE BY THE AGENT PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT OR ANY OF ITS AFFILIATES OR ANY OF THE RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ADVISORS
OR REPRESENTATIVES OF THE ADMINISTRATIVE AGENT OR ANY OF ITS AFFILIATES (COLLECTIVELY, “AGENT PARTIES”) HAVE ANY LIABILITY TO THE COMPANY, ANY LENDER, ANY ISSUING BANK OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING,
WITHOUT LIMITATION, DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF THE TRANSMISSION BY THE COMPANY, ANY OF THE AGENT PARTIES OR ANY OTHER PERSON OF
COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY AGENT PARTY IS FOUND IN A FINAL NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED PRIMARILY FROM SUCH AGENT PARTY’S GROSS NEGLIGENCE OR
WILLFUL MISCONDUCT. 
 The Administrative Agent agrees that the receipt of the Communications by the Administrative Agent at its e-mail address set
forth above shall constitute effective delivery of the Communications to the Administrative Agent for purposes of the Credit Documents. Each of the Lenders, the Swingline Lenders and the Issuing Banks agrees that notice to it (as provided in the
next sentence) specifying that the Communications have been posted to the Platform shall constitute effective delivery of the Communications to such Lender, Swingline Lender or Issuing Bank, as the case may be, for purposes of the Credit Documents.
Each of the Lenders, the Swingline Lenders and the Issuing Banks agrees (i) to notify the Administrative Agent in writing (including by electronic communication) from time to time of such Lender’s, such Swingline Lender’s or such
Issuing Bank’s, as the case may be, e-mail address to which the foregoing notice may be sent by electronic transmission and (ii) that the foregoing notice may be sent to such e-mail address. 

Nothing herein shall prejudice the right of the Administrative Agent, any Issuing Bank, any Swingline Lender or any Lender to give any notice or other
communication pursuant to any Credit Document in any other manner specified in such Credit Document. 
 Section 10.8.
Counterparts. This Agreement may be executed in any number of counterparts, and by the different parties on different counterpart signature pages, each of which when executed shall be deemed an original, but all such counterparts taken
together shall constitute one and the same Agreement. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic method of transmission (in .pdf format) shall be effective as delivery of a manually
executed original counterpart of this Agreement. 

  
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 Section 10.9. Successors and Assigns. This Agreement shall be binding upon the
Borrowers, the Lenders, the Issuing Banks, the Swingline Lenders, the Administrative Agent, the Other Agents, and their respective successors and assigns, and shall inure to the benefit of the Borrowers, the Lenders, the Issuing Banks, the Swingline
Lenders, the Administrative Agent, the Other Agents, and their respective successors and assigns, including any subsequent holder of any Note; provided, however, (i) no Borrower may assign any of its rights or obligations under this
Agreement or any other Credit Document without the written consent of all Lenders, the Issuing Banks, the Swingline Lenders and the Administrative Agent, (ii) the Administrative Agent and the Other Agents may not assign any of their respective
rights or obligations under this Agreement or any Credit Document except in accordance with Article 9 and (iii) no Lender, Swingline Lender or Issuing Bank may assign any of its rights or obligations under this Agreement or any other Credit
Document except in accordance with Section 10.10. Any Lender, any Swingline Lender or any Issuing Bank may at any time pledge or assign all or any portion of its rights under this Agreement and the Notes issued to it (i) to a Federal
Reserve Bank to secure extensions of credit by such Federal Reserve Bank to such Lender, Swingline Lender or Issuing Bank, or (ii) in the case of any Lender that is a fund comprised in whole or in part of commercial loans, to a trustee for such
fund in support of such Lender’s obligations to such trustee; provided that no such pledge or assignment shall release a Lender, Swingline Lender or Issuing Bank from any of its obligations hereunder or substitute any such Federal
Reserve Bank or such trustee for such Lender, Swingline Lender or Issuing Bank as a party hereto and the Borrowers, the Administrative Agent, the other Lenders, the Swingline Lenders and the Issuing Banks shall continue to deal solely with such
Lender, Swingline Lender or Issuing Bank in connection with the rights and obligations of such Lender, Swingline Lender and Issuing Bank under this Agreement. 

Section 10.10. Participations in Borrowings and Notes; Sales and Transfers of Borrowing and Notes. 

(a) Any Lender may, without the consent of, or notice to, the Company or the Administrative Agent, at any time sell to one or more commercial
banking or other financial or lending institutions, other than Defaulting Lenders (“Participants”) participating interests in any Commitment of such Lender hereunder, provided that no Lender may sell any participating
interests (other than in the case of Affiliates of such Lender) in any such Commitment hereunder without also selling to such Participant the appropriate pro rata share of all such Lender’s obligations with respect to such Commitment, and
provided further that no Lender shall transfer, grant or assign any participation under which the Participant shall have rights to vote upon or to consent to any matter to be decided by the Lenders or the Required Lenders hereunder or under
any other Credit Document or to approve any amendment to or waiver of this Agreement or any other Credit Document except to the extent such amendment or waiver would (i) increase the amount of or extend such Lender’s Commitment and such
increase or extension would affect such Participant, (ii) reduce the principal of, or interest on, any of such Lender’s Revolving Loans, or any fees or other amounts payable to such Lender hereunder and such reduction would affect such
Participant, (iii) postpone any date fixed for any scheduled payment of principal of, or interest on, any of such Lender’s Revolving Loans, or any fees or other amounts payable to such Lender hereunder and such postponement would affect
such Participant, or (iv) release any collateral security for any Obligation, except as otherwise specifically provided in any Credit 

  
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Document. In the event of any such sale by a Lender of participating interests to a Participant, such Lender’s obligations under this Agreement to the other parties to this Agreement shall
remain unchanged, such Lender shall remain solely responsible for the performance thereof, such Lender shall remain the holder of any such Note for all purposes under this Agreement, the Borrowers and the Administrative Agent shall continue to deal
solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and such Lender shall retain the sole right to enforce the obligations of the Borrowers under any Credit Document. Each Borrower
agrees that if amounts outstanding under this Agreement and the Notes shall have been declared or shall have become due and payable in accordance with Section 7.2 or 7.3 upon the occurrence of an Event of Default, each Participant shall be
deemed to have the right of setoff in respect of its participating interest in amounts owing under this Agreement and any Note to the same extent as if the amount of its participating interest were owing directly to it as a Lender under this
Agreement or any Note, provided that such right of setoff shall be subject to the obligation of such Participant to share with the Lenders, and the Lenders agree to share with such Participant, as provided in Section 10.6. Each Borrower
also agrees that each Participant shall be entitled to the benefits of and have the obligations under Sections 2.11, 3.3 and 8.3 with respect to its participation in the Commitments and the Revolving Loans outstanding from time to time,
provided that no Participant shall be entitled to receive any greater amount pursuant to such Sections than the transferor Lender would have been entitled to receive in respect of the amount of the participation transferred if no
participation had been transferred (unless the entitlement to such greater payment results from a Change in Law after the date such Lender transferred the participation) and provided, further, that Sections 8.3(c) and 8.6 shall apply to the
transferor Lender with respect to any claim by any Participant pursuant to Section 2.11, 3.3 or 8.3 as fully as if such claim was made by such Lender. Anything herein to the contrary notwithstanding, no Borrower shall at any time be obligated
to pay to any Lender any sum in excess of the sum such Borrower would have been obligated to pay to such Lender hereunder if such Lender had not sold any participation in its rights and obligations under this Agreement or any other Credit Document
except as provided above. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Company, maintain a register on which it enters the name and address of each Participant and the principal amounts
(and stated interest) of each Participant’s interest in the Loans or other obligations under the Credit Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose
all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans, Letters of Credit or its other obligations under any
Credit Document) except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The
entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement
notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(b) Any Lender may at any time assign or sell to (i) with the prior written consent (which shall not be unreasonably withheld or delayed)
of the Swingline Lenders and the Issuing Banks, any of such Lender’s Affiliates, to an Approved Fund or to any other Lender or 

  
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Affiliate thereof (other than, in each case, a Defaulting Lender, or an Approved Fund or any Affiliate of such Defaulting Lender), that, in each case, is a commercial banking or other financial
or lending institution not subject to Regulation T of the Board of Governors of the Federal Reserve System, or (ii) with the prior written consent (which shall not be unreasonably withheld or delayed) of the Administrative Agent, the Swingline
Lenders, the Issuing Banks and, if no Event of Default has occurred and is continuing, the Company (it being understood that if the Company has not responded within ten Business Days after the delivery of any written request for a consent, such
consent shall be deemed to have been given), to one or more commercial banking or other financial or lending institutions not described in clause (i), above that are not subject to Regulation T of the Board of Governors of the Federal Reserve System
(any assignee described in clause (i) or (ii), a “Purchasing Lender”), all or any part of its rights and obligations under this Agreement and the other Credit Documents, pursuant to an Assignment Agreement, executed by
such Purchasing Lender and such transferor Lender (and, in the case of a Purchasing Lender described in clause (ii), above, by the Company, the Administrative Agent, the Swingline Lenders and the Issuing Banks) and delivered to the Administrative
Agent; provided that each such assignment or sale to a Purchasing Lender (other than an existing Lender) shall be in the Dollar Equivalent amount of $5,000,000 or more, or if in a lesser amount or if as a result of such assignment or sale the
sum of the unfunded Commitment of such Lender plus the aggregate principal amount of such Lender’s Revolving Loans and participations in Letters of Credit and Swingline Loans would be less than the Dollar Equivalent amount of $5,000,000
(calculated as hereinafter set forth), such assignment or sale shall be of all of such Lender’s rights and obligations under this Agreement and all of the other Credit Documents payable to it to one Purchasing Lender. Each partial assignment or
sale shall be made as an assignment of a proportionate part of all the transferor Lender’s rights and obligations under this Agreement with respect to the Loan or the Commitment assigned. Upon such execution, delivery and acceptance, from and
after the effective date of the transfer determined pursuant to such Assignment Agreement, (x) the Purchasing Lender thereunder shall be a party hereto and, to the extent provided in such Assignment Agreement, have the rights and obligations of
a Lender hereunder with a Commitment as set forth herein and (y) the transferor Lender thereunder shall, to the extent provided in such Assignment Agreement, be released from its obligations under this Agreement (and, in the case of an
Assignment Agreement covering all or the remaining portion of a transferor Lender’s rights and obligations under this Agreement, such transferor Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of
Sections 2.11, 3.3, 7.6, 8.3, 10.3 and 10.13 with respect to facts and circumstances occurring prior to the effective date of such transfer; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a
Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Such Assignment Agreement shall be deemed to amend this Agreement to the extent, and only to
the extent, necessary to reflect the addition of such Purchasing Lender and the resulting adjustment of Commitments and Percentages arising from the purchase by such Purchasing Lender of all or a portion of the rights and obligations of such
transferor Lender under this Agreement, the Notes and the other Credit Documents. On or prior to the effective date of the transfer determined pursuant to such Assignment Agreement, the applicable Borrower, at its own expense, shall upon reasonable
notice from the Administrative Agent execute and deliver to the Administrative Agent in exchange for any surrendered Note, a new Note as appropriate to such Purchasing Lender in an amount equal to the Commitments assumed

  
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by it pursuant to such Assignment Agreement, and, if the transferor Lender has retained any Commitment or any Revolving Loan hereunder, a new Note to the transferor Lender in an amount equal to
the Commitment or Revolving Loans retained by it hereunder. Such new Notes shall be dated the Effective Date and shall otherwise be in the form of the Notes replaced thereby. The Notes surrendered by the transferor Lender shall be returned by the
Administrative Agent to the Company marked “cancelled”. No such assignment or sale shall be made to (1) the Company or any of the Company’s Affiliates or Subsidiaries or (2) to any Defaulting Lender or any of its
Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute a Defaulting Lender or a Subsidiary thereof. 
 (c) Upon
its receipt of an Assignment Agreement executed by a transferor Lender and a Purchasing Lender (and, in the case of a Purchasing Lender that is not then a Lender, an Affiliate thereof or an Approved Fund thereof, by the Administrative Agent, the
Swingline Lenders and the Issuing Banks and, to the extent required by Section 10.10(b), by the Company), together with payment by the transferor Lender to the Administrative Agent hereunder of a registration and processing fee of $3,500
(unless the Company is replacing such Lender pursuant to the terms hereof, in which event such fee shall be paid by the Company), the Administrative Agent shall (i) promptly accept such Assignment Agreement, and (ii) on the effective date
of the transfer determined pursuant thereto give notice of such acceptance and recordation to the Lenders and the Company. No Credit Party shall be responsible for such registration and processing fee or any costs or expenses incurred by any Lender,
any Purchasing Lender or the Administrative Agent in connection with such assignment except as provided above. 
 (d) If, pursuant to this
Section 10.10 any interest in this Agreement or any Loan or Note is transferred (including by reason of a change of the Lending Office of the Lender with respect to such Loan or Note) to (i) any transferee which is organized under the laws
of any jurisdiction other than the United States or any State thereof or (ii) any transferee that is an entity organized under the laws of the United States or any State thereof and that is disregarded for U.S. federal income tax purposes as
separate from any Person organized under the laws of any jurisdiction other than the United States or any State thereof, the transferor Lender shall cause such transferee (or its owner, as appropriate), concurrently with the effectiveness of such
transfer, (i) to represent to the transferor Lender (for the benefit of the transferor Lender, the Administrative Agent and the Borrowers) that under applicable law and treaties no taxes will be required to be withheld by the Administrative
Agent, any Borrower or the transferor Lender with respect to any payments to be made to such transferee in respect of the Loans or the L/C Obligations, (ii) to furnish to the transferor Lender (and, in the case of any Purchasing Lender, the
Administrative Agent and the Borrowers) two copies of a properly completed and duly executed certification on the applicable United States Internal Revenue Service Form W-8 or W-8-BEN-E (or any successor form) wherein such transferee (or its owner,
as appropriate) either (x) claims entitlement to complete exemption from U.S. federal withholding tax with respect to payments to be received pursuant to the Credit Documents (as if such payments were U.S. source) or (y) certifies that it
is not a United States person, provided, that, in the case of subclause (y), such transferee also shall submit a certificate substantially in the form of Exhibit 3.3 to the effect that such transferee is not a “bank” within the
meaning of Section 881(c)(3)(A) of the Code, a “10-percent shareholder” of the Borrowers within the meaning of Section 

  
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881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code, and (iii) to agree (for the benefit of the transferor Lender,
the Administrative Agent and the Borrowers) to provide the transferor Lender (and, in the case of any Purchasing Lender, the Administrative Agent and the Borrowers) any additional forms or certifications contemplated by Section 3.3, and
(iv) to comply from time to time with all applicable U.S. laws and regulations with regard to such withholding tax exemption. Any such transferee shall make the representation contained in and agree to be bound by the provisions of
Section 3.3(d) as if such transferee were a Lender. 
 (e) Notwithstanding any other provisions of this Section 10.10, no transfer
or assignment of the interests of any Lender hereunder or any grant of participations therein shall be permitted if such transfer, assignment or grant would require any Borrower to file a registration statement with the SEC or to qualify the Loans,
the Notes or any other Obligations under the securities laws of any jurisdiction. 
 (f) In connection with any assignment of rights and
obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the
Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with
the consent of the Company and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to
(x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, each Issuing Bank, each Swingline Lender and each other Lender hereunder (and interest accrued thereon) and (y) acquire
(and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swingline Loans in accordance with its Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations
of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement
until such compliance occurs. 
 Section 10.11. Amendments, Waivers and Consents. Any provision of the Credit Documents may be
amended or waived if, but only if, such amendment or waiver is in writing and is signed by (a) in the case of this Agreement, the Borrowers, the Required Lenders, and if the rights or duties of the Administrative Agent, any Swingline Lender or
any Issuing Bank are affected thereby, the Administrative Agent, such Swingline Lender and/or such Issuing Bank, as the case may be, and (b) in the case of any other Credit Document, each party thereto and the Administrative Agent (with the
consent of the Required Lenders), provided that: 
 (i) no amendment or waiver shall (A) increase or extend any
Commitment of any Lender without the consent of such Lender, (B) reduce the amount of or postpone the date for any scheduled payment of any principal of or interest (including, without limitation, any reduction in the rate of interest unless
such reduction is otherwise provided herein) on any Loan or Reimbursement Obligation or of any fee 

  
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payable hereunder, without the consent of each Lender owed any such Obligation, (C) release any Cash Collateral for any Collateralized Obligations (other than as provided in accordance with
Section 7.4) without the consent of all Lenders, (D) release any Guarantor from its Subsidiary Guaranty (except as expressly provided in Section 9.8), (E) release any Borrower from the Co-Borrower Cross-Guaranty (except as
expressly provided for therein), during any period that there is a Designated Borrower, (F) change the provisions of Article 4 hereof without in each such case the consent of all Lenders, or (G) change any provision requiring ratable
funding or sharing of payments without the consent of all Lenders; 
 (ii) no amendment or waiver shall, unless signed by
each Lender, change the provisions of this Section 10.11 or the definition of Required Lenders or the number of Lenders required to take any action under any other provision of the Credit Documents; 

(iii) notwithstanding anything to the contrary herein, (A) any Borrowing Request or any Designated Borrower Request and
Assumption Agreement may be amended with the consent of only the Company and the Administrative Agent, (B) any Swingline Request may be amended with the consent of only the Company, the Administrative Agent and the applicable Swingline Lender,
(C) any Application may be amended with the consent of only the Company and the applicable Issuing Bank, and (D) any Letter of Credit shall be amended in accordance with Section 2.12; and 

(iv) notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any
amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders),
except that (A) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender and (B) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by
its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender. 

Section 10.12. Headings. Section headings used in this Agreement are for reference only and shall not affect the construction of
this Agreement. 
 Section 10.13. Legal Fees, Other Costs and Indemnification. The Company, upon demand by the Administrative
Agent, agrees to pay all reasonable out-of-pocket costs and expenses of the Administrative Agent (including, without limitation, the reasonable fees and disbursements of legal counsel to the Administrative Agent) in connection with the preparation
and execution of the Credit Documents, and any amendment, waiver or consent related thereto, whether or not the transactions contemplated therein are consummated. The Company further agrees to indemnify and hold harmless each Lender, each Affiliate
of a Lender, each Co-Arranger, each Issuing Bank, each Swingline Lender, the Administrative Agent, the Other Agents, and their respective directors, officers, employees and attorneys (collectively, the 

  
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“Indemnified Parties”), against all losses, claims, damages, penalties, judgments, liabilities and expenses (including, without limitation, all reasonable
attorneys’ fees and other reasonable expenses of litigation or preparation therefor, whether or not such Indemnified Party is a party thereto) which any of them may pay or incur as a result of (a) any action, suit or proceeding by any
third party or Governmental Authority against such Indemnified Party and relating to any Credit Document, the Loans, any Letter of Credit, or the application or proposed application by any Borrower of the proceeds of any Loan or use of any Letter of
Credit, REGARDLESS OF WHETHER SUCH CLAIMS OR ACTIONS ARE FOUNDED IN WHOLE OR IN PART UPON THE ALLEGED SIMPLE OR CONTRIBUTORY NEGLIGENCE OF ANY OF THE INDEMNIFIED PARTIES AND/OR ANY OF THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES OR
ATTORNEYS, (b) any investigation of any third party or any Governmental Authority involving any Lender (as a lender hereunder), any Affiliate of a Lender, any Co-Arranger, any Issuing Bank, any Swingline Lender or the Administrative Agent
or the Other Agents (in such capacity hereunder) and related to any use made or proposed to be made by a Borrower of the proceeds of any Loan, or use of any Letter of Credit or any transaction financed or to be financed in whole or in part, directly
or indirectly with the proceeds of any Loan or Letter of Credit, (c) any investigation of any third party or any Governmental Authority, litigation or proceeding involving any Lender (as a lender hereunder), any Affiliate of a Lender, any
Co-Arranger (in such capacity hereunder), any Swingline Lender (as a swingline lender hereunder), any Issuing Bank (as an issuer of Letters of Credit hereunder) or the Administrative Agent or the Other Agents (in such capacity hereunder) and related
to any environmental cleanup, audit, compliance or other matter relating to any Environmental Law or the presence of any Hazardous Material (including, without limitation, any losses, liabilities, damages, injuries, costs, expenses or claims
asserted or arising under any Environmental Law) with respect to the Company, regardless of whether caused by, or within the control of, the Company and (d) the execution or delivery of this Agreement, any other Credit 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; provided,
however, that the Company shall not be obligated to indemnify any Indemnified Party for any of the foregoing (i) arising out of such Indemnified Party’s gross negligence, willful misconduct, violation of law or willful breach of
its obligations hereunder, as determined pursuant to a judgment of a court of competent jurisdiction or as expressly agreed in writing by such Indemnified Party and (ii) to the extent such indemnification relates to taxes, except any taxes
arising from a non-tax claim. The Company, upon demand by the Administrative Agent, the Other Agents, a Lender, an Affiliate of a Lender, a Co-Arranger, a Swingline Lender or an Issuing Bank at any time, shall reimburse such Agent, Lender, Affiliate
of a Lender, Co-Arranger, Swingline Lender or Issuing Bank for any reasonable legal or other expenses incurred in connection with investigating or defending against any of the foregoing, except if the same is excluded from indemnification pursuant
to the provisions of the preceding sentence. Each Indemnified Party agrees to contest any indemnified claim if requested by the Company, in a manner reasonably directed by the Company, with counsel selected by the Indemnified Party and approved by
the Company, which approval shall not be unreasonably withheld or delayed. Any Indemnified Party that proposes or intends to settle or compromise any such indemnified claim shall give the Company written notice of the terms of such settlement or
compromise reasonably in advance of settling or compromising such claim or proceeding and shall obtain the Company’s prior written consent thereto, which consent shall not  

  
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be unreasonably withheld or delayed; provided that the Indemnified Party shall not be restricted from settling or compromising any such claim if (i) the Indemnified Party waives its
right to indemnity from the Company in respect of such claim and such settlement or compromise does not materially increase the Company’s liability pursuant to this Section 10.13 to any related party of such Indemnified Party, (ii) an
Event of Default as described in Section 7.1(a), (b) (as a result of a default under Section 6.16), (f) or (g) or has occurred and is continuing or (iii) the Indemnified Party reasonably believes the Company will not be
able to satisfy the full amount of such claim and the Company has failed to provide sufficient collateral to the Indemnified Party to secure the value of such claim. 

Section 10.14. Governing Law; Submission to Jurisdiction; Waiver of Jury Trial. 

(A) THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS, AND THE RIGHTS AND DUTIES OF THE PARTIES THERETO, SHALL BE CONSTRUED IN ACCORDANCE WITH
AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK. 
 (B) TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES
HERETO AGREE THAT ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENT (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF THE
ADMINISTRATIVE AGENT, THE OTHER AGENTS, THE LENDERS, THE ISSUING BANKS, OR A CREDIT PARTY MAY BE BROUGHT AND MAINTAINED IN THE COURTS OF THE STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN OR THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN
DISTRICT OF NEW YORK. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH BORROWER HEREBY EXPRESSLY AND IRREVOCABLY SUBMITS TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT
OF NEW YORK FOR THE PURPOSE OF ANY SUCH LITIGATION AS SET FORTH ABOVE AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH SUCH LITIGATION. EACH BORROWER HEREBY IRREVOCABLY DESIGNATES CT CORPORATION SYSTEM, 111 8TH
AVENUE, NEW YORK, NEW YORK 10011, AS THE DESIGNEE, APPOINTEE AND AGENT OF SUCH BORROWER TO RECEIVE, FOR AND ON BEHALF OF SUCH PERSON, SERVICE OF PROCESS IN SUCH JURISDICTION IN ANY LEGAL ACTION OR PROCEEDING WITH RESPECT HERETO. TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, EACH BORROWER FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS, BY REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK. TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, EACH BORROWER HEREBY EXPRESSLY AND IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY HAVE OR HEREAFTER MAY HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY

  
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CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT ANY BORROWER HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY
LEGAL PROCESS (WHETHER THROUGH SERVICE OF NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, SUCH BORROWER HEREBY IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS. 
 (C) TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY HERETO WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS AGREEMENT OR UNDER ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR
WHICH MAY IN THE FUTURE BE DELIVERED IN CONNECTION HEREWITH OR ARISING FROM ANY BANKING RELATIONSHIP EXISTING IN CONNECTION WITH THIS AGREEMENT, AND AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY.

 (D) EACH PARTY TO THIS AGREEMENT IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.7.
NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

(E) EACH OF THE BORROWERS, THE ADMINISTRATIVE AGENT, THE ISSUING BANKS, THE SWINGLINE LENDERS AND THE LENDERS HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY LITIGATION REFERRED TO IN THIS SECTION 10.14 OR OTHERWISE RELATING TO THE CREDIT DOCUMENTS ANY SPECIAL,
INDIRECT, CONSEQUENTIAL OR PUNITIVE DAMAGES (as opposed to direct or actual damages); provided, the foregoing waiver shall not impair the Company’s obligation under Section 10.13 to indemnify Indemnified Parties for any such damages
claimed by a third party. 
 Section 10.15. Confidentiality. Each of the Agents, the Issuing Banks, the Swingline Lenders
and Lenders agree to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (i) to their respective Affiliates and to prospective Purchasing Lenders and Participants, and to prospective
counterparties under hedging, swap or derivatives agreements, and their and such Affiliates’, prospective Purchasing Lenders’, Participants’ and prospective counterparties’ respective directors, officers, employees and agents,
including accountants, legal counsel and other advisors who have reason to use such Information in connection with the evaluation of the transactions contemplated by this 

  
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Agreement (subject to similar confidentiality provisions as provided herein) solely for purposes of evaluating such Information, (ii) to the extent requested by any regulatory authority or
self-regulatory body, (iii) to the extent required by applicable law or regulation or by any subpoena or similar legal process, (iv) in connection with the exercise of any remedies hereunder or any proceedings relating to this Agreement or
the other Credit Documents, (v) with the consent of the Company, or (vi) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section 10.15, or (y) becomes available on a
non-confidential basis from a source other than the Company or its Affiliates, or the Lenders or their respective Affiliates, excluding any Information from such source which, to the actual knowledge of the Agent, Issuing Bank, Swingline Lender or
Lender receiving such Information, has been disclosed by such source in violation of a duty of confidentiality to the Company. For purposes hereof, “Information” means all information received by any Agent, any Lender, any
Swingline Lender or any Issuing Bank from the Company relating to the Company or its business, other than any such information that is available to such Agent, such Lender, such Swingline Lender or such Issuing Bank on a non-confidential basis prior
to disclosure by the Company, excluding any Information from a source which, to the actual knowledge of such Agent, such Issuing Bank, such Swingline Lender or such Lender receiving such Information, has been disclosed by such source in violation of
a duty of confidentiality to the Company. The Agents, the Issuing Banks, the Swingline Lenders and the Lenders shall be considered to have complied with their respective obligations if they have exercised the same degree of care to maintain the
confidentiality of such Information as they would accord their own confidential information. 
 Section 10.16. Effectiveness.
This Agreement shall become effective on the date (the “Effective Date”) on which all conditions precedent set forth in Section 4.1 shall be satisfied (or waived in accordance with Section 10.11). 

Section 10.17. Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. 
 Section 10.18. Currency Conversion. All payments of Obligations under
this Agreement, the Notes or any other Credit Document shall be made in U.S. Dollars, except for Reimbursement Obligations with respect to Letters of Credit issued in any Specified Currency, which shall be repaid, including interest thereon, in the
applicable currency. If any payment of any Obligation, whether through payment by any Credit Party or the proceeds of any collateral, shall be made in a currency other than the currency required hereunder, such amount shall be converted into the
currency required hereunder at the rate determined by the Administrative Agent or the applicable Issuing Bank, as applicable, as the rate quoted by it in accordance with methods customarily used by such Person for such or similar purposes as the
spot rate for the purchase by such Person of the required currency with the currency of actual payment through its principal foreign exchange trading office at approximately 11:00 a.m. (local time at such office) two Business Days prior to the
effective date of such conversion, provided that the Administrative Agent or such Issuing Bank, as applicable, may obtain such spot rate from another financial institution actively engaged in foreign currency exchange if the Administrative

  
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Agent or such Issuing Bank, as applicable, does not then have a spot rate for the required currency. The parties hereto hereby agree, to the fullest extent that they may effectively do so under
applicable law, that (i) if for the purposes of obtaining any judgment or award it becomes necessary to convert from any currency other than the currency required hereunder into the currency required hereunder any amount in connection with the
Obligations, then the conversion shall be made as provided above on the Business Day before the day on which the judgment or award is given, (ii) in the event that there is a change in the applicable conversion rate prevailing between the
Business Day before the day on which the judgment or award is given and the date of payment, the Company will pay (or cause the applicable Designated Borrower to pay) to the Administrative Agent, for the benefit of the Lenders, such additional
amounts (if any) as may be necessary, and the Administrative Agent, on behalf of the Lenders, will pay to the applicable Borrower such excess amounts (if any) as result from such change in the rate of exchange, to assure that the amount paid on such
date is the amount in such other currency, which when converted at the conversion rate described herein on the date of payment, is the amount then due in the currency required hereunder, and (iii) any amount due from a Borrower under this
Section 10.18 shall be due as a separate debt and shall not be affected by judgment or award being obtained for any other sum due. For the avoidance of doubt, the parties affirm and agree that neither the fixing of the conversion rate of Pounds
against the Euro as a single currency, in accordance with the applicable treaties establishing the European Economic Community and the European Union, as the case may be, in each case, as amended from time to time, nor the conversion of the
Obligations under this Agreement from Pounds into Euros will be a reason for early termination or revision of this Agreement or prepayment of any amount due under this Agreement or create any liability of any party towards any other party for any
direct or consequential loss arising from any of these events. As of the date that Pounds are no longer the lawful currency of the United Kingdom, all funding and payment Obligations to be made in such affected currency under this Agreement shall be
satisfied in Euros. 
 Section 10.19. Exchange Rates. 

(a) Determination of Exchange Rates. Not later than 2:00 p.m. (London time) on each Calculation Date, if any L/C Obligations are
outstanding on such date in a Specified Currency, the applicable Issuing Bank shall determine the Exchange Rate(s) as of such Calculation Date for all such L/C Obligations outstanding as of such date with respect to all Letters of Credit issued by
such Issuing Bank or its Affiliates and give prompt notice thereof to the Administrative Agent. No later than 4:00 p.m. (London time) on each such Calculation Date, the Administrative Agent shall give notice thereof to the Lenders and the Borrowers.
The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a “Reset Date”), shall remain effective until the next succeeding Reset Date, and shall for all
purposes of this Agreement (other than Section 10.18 or any other provision expressly requiring the use of a current Exchange Rate) be the Exchange Rates employed in determining the Dollar Equivalents of any amounts of any Specified Currencies
for all such L/C Obligations with respect to all such Letters of Credit issued by such Issuing Banks in a Specified Currency. Notwithstanding anything contained herein to the contrary, if any Issuing Bank fails to timely deliver notice of its
Exchange Rate(s) to the Administrative Agent pursuant to the provisions of this Section 10.19, the Administrative Agent may determine such rate in the same manner as provided in the definition of Exchange Rate and shall have no liability to
such Issuing Bank for such determination. 

  
 102 

 (b) Notice of Specified Currency Letters of Credit. Not later than 2:00 p.m. (London time)
on each Reset Date and each date on which Letters of Credit denominated in any Specified Currency are made or issued, if any such L/C Obligations are outstanding on such date, the applicable Issuing Bank shall determine its Exchange Rate as of such
date, if applicable, and give prompt notice thereof to the Administrative Agent. Not later than 5:00 p.m. on each Reset Date and each date on which Letters of Credit denominated in any Specified Currency are made or issued, the Administrative Agent
shall (i) determine the Dollar Equivalent of the aggregate principal amounts of the L/C Obligations denominated in such currencies (after giving effect to any Letters of Credit denominated in such currencies being made, issued, repaid, or
cancelled or reduced on such date), (ii) notify the Lenders and the Company of the results of such determination and (iii) notify the applicable Issuing Bank, if applicable, that the conditions to issuance set forth in Section 2.12(a)
are satisfied. 
 Section 10.20. Change in Accounting Principles, Fiscal Year or Tax Laws. If either the Company or the Required
Lenders notifies the Administrative Agent that (i) any change in accounting principles from those used in the preparation of the financial statements of the Company referred to in Section 5.9 is hereafter occasioned by the promulgation of
rules, regulations, pronouncements and opinions by or required by the Financial Accounting Standards Board or the American Institute of Certified Public Accounts (or successors thereto or agencies with similar functions), and such change affects the
calculation of any component of any financial covenant, standard or term found in this Agreement, or (ii) there is a change in United States federal, state or foreign tax laws which affects the Company’s or any of its Subsidiaries’
ability to comply with the financial covenants, standards or terms found in this Agreement, then the Company and the Lenders agree to enter into negotiations in order to amend such provisions (with the agreement of the Required Lenders or, if
required by Section 10.11, all of the Lenders) so as to equitably reflect such changes with the desired result that the criteria for evaluating any of the Company’s and its Subsidiaries’ financial condition shall be the same after
such changes as if such changes had not been made. 
 Section 10.21. Final Agreement. The Credit Documents constitute the entire
understanding among the Credit Parties, the Lenders, the Swingline Lenders, the Issuing Banks, and the Administrative Agent and supersede all earlier or contemporaneous agreements, whether written or oral, concerning the subject matter of the Credit
Documents. THIS WRITTEN AGREEMENT TOGETHER WITH THE OTHER CREDIT DOCUMENTS REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE
NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
 Section 10.22. Officer’s Certificates. It is not intended that any
certificate of any officer or director of any Credit Party delivered to the Administrative Agent or any Lender pursuant to this Agreement shall give rise to any personal liability on the part of such officer or director. 

  
 103 

 Section 10.23. Effect of Inclusion of Exceptions. It is not intended that the
specification of any exception to any covenant herein shall imply that the excepted matter would, but for such exception, be prohibited or required. 

Section 10.24. Margin Stock. Each of the Lenders, the Swingline Lenders and Issuing Banks hereby represents to the other Lenders,
Swingline Lenders and Issuing Banks that it is not relying on margin stock as collateral in extending or maintaining any Loan or Letter of Credit. 

Section 10.25. Patriot Act Notice. Each Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby
notifies the Borrowers that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies each Borrower, which information includes the name and address of the Borrowers and other
information that will allow such Lender or the Administrative Agent, as applicable, to identify each Borrower in accordance with the Patriot Act. Each Borrower shall provide, to the extent commercially reasonable, such information and take such
actions as are reasonably requested by the Administrative Agent or any Lenders in order to assist the Administrative Agent and the Lenders in maintaining compliance with the Patriot Act. 

Section 10.26. No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby
(including in connection with any amendment, waiver or other modification hereof or of any other Credit Document), the Borrowers acknowledge and agree, and acknowledge their respective Affiliates’ understanding, that: (i) (A) the
arranging and other services regarding this Agreement provided by the Administrative Agent, the Other Agents, the Co-Arrangers and the Lenders are arm’s-length commercial transactions between the Borrowers and their Affiliates, on the one hand,
and the Administrative Agent, the Other Agents, the Co-Arrangers and the Lenders, on the other hand, (B) the Borrowers have consulted their own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and
(C) the Borrowers are capable of evaluating, and understand and accept, the terms, risks and conditions of the transactions contemplated hereby and by the other Credit Documents; (ii) (A) the Administrative Agent, each Other Agent,
each Lender and each Co-Arranger is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Borrowers or any
of their respective Affiliates, or any other Person and (B) neither Administrative Agent nor any Other Agent, any Co-Arranger or any Lender has any obligation to the Borrowers or any of their respective Affiliates with respect to the
transactions contemplated hereby except those obligations expressly set forth herein and in the other Credit Documents; and (iii) the Administrative Agent, the Other Agents, the Co-Arrangers and the Lenders and their respective Affiliates may
be engaged in a broad range of transactions that involve interests that differ from those of the Borrowers and their respective Affiliates, and neither the Administrative Agent, any Other Agent, any Co-Arranger or any Lender has any obligation to
disclose any of such interests to the Borrowers or their respective Affiliates. To the fullest extent permitted by law, each Borrower hereby waives and releases any claims that it may have against the Administrative Agent, any Other Agent, any
Co-Arranger or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

  
 104 

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

			
	NOBLE CORPORATION, a Cayman Islands exempted company limited by shares, as the Company and a Borrower
		
	 By:
	 	 /s/ Alan R. Hay

	Name:	 	Alan R. Hay
	Title:	 	Vice President
	
	NOBLE INTERNATIONAL FINANCE COMPANY, a Cayman Islands exempted company limited by shares, as a Designated Borrower
		
	 By:
	 	 /s/ Alan R. Hay

	Name:	 	Alan R. Hay
	Title:	 	Director

 
			
	JPMORGAN CHASE BANK, N.A.,
	as Administrative Agent, a Swingline Lender and a Lender
		
	By: 	 	 /s/ Muhammad Hasan

	Name:	 	Muhammad Hasan
	Title:	 	Vice President

 
			
	BARCLAYS BANK PLC
	as a Lender
		
	By: 	 	 /s/ Ronnie Glen

	Name:	 	Ronnie Glen
	Title:	 	Vice President

 
			
	CITIBANK, N.A.,
	as Co-Syndication Agent and a Lender
		
	By: 	 	 /s/ Robert Malleck

	Name:	 	Robert Malleck
	Title:	 	Managing Director

 
					
	DNB BANK ASA NEW YORK BRANCH,
	as Co-Syndication Agent
			
	By:	 	/s/ Florianne Robin	 	/s/ Barbara Groniquist
	Name:	 	Florianne Robin	 	Barbara Gronquist
	Title:	 	First Vice President	 	Senior Vice President
	
	 DNB CAPITAL LLC,
 as a
Lender

			
	By:	 	/s/ Florianne Robin	 	/s/ Barbara Groniquist
	Name:	 	Florianne Robin	 	Barbara Gronquist
	Title:	 	First Vice President	 	Senior Vice President

 
			
	HSBC BANK USA, N.A.,
	as Co-Syndication Agent and a Lender
		
	By: 	 	 /s/ Steven Smith

	Name:	 	Steven Smith
	Title:	 	Director

 
			
	SUNTRUST BANK,
	as Co-Syndication Agent and a Lender
		
	By: 	 	 /s/ Chulley Bogle

	Name:	 	Chulley Bogle
	Title:	 	Vice President

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as Co-Syndication Agent and a Lender
		
	By:	 	 /s/ T. Alan Smith

	Name:	 	T. Alan Smith
	Title:	 	Managing Director

 
			
	BNP PARIBAS,
	as Co-Documentation Agent and a Lender
		
	By:	 	 /s/ Sriram Chandrasekaran

	Name:	 	Sriram Chandrasekaran
	Title:	 	Director
		
	By: 	 	 /s/ Julien Pecoud-Bouvet

	Name:	 	Julien Pecoud-Bouvet
	Title:	 	Vice President

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
	as Co-Documentation Agent and a Lender
		
	By: 	 	 /s/ Nupur Kumar

	Name:	 	Nupur Kumar
	Title:	 	Authorized Signatory
		
	By: 	 	 /s/ Karim Rahimtoola

	Name:	 	Karim Rahimtoola
	Title:	 	Authorized Signatory

 
			
	MIZUHO BANK, LTD,
	as Co-Documentation Agent and a Lender
		
	By: 	 	 /s/ Leon Mo

	Name:	 	Leon Mo
	Title:	 	Authorized Signatory

 
			
	STANDARD CHARTERED BANK, as a Lender
		
	By: 	 	 /s/ Steven Aloupis

	Name:	 	Steven Aloupis
	Title:	 	Managing Director
		
	By: 	 	 /s/ Hsing H. Huang

	Name:	 	Hsing H. Huang
	Title:	 	Associate Director

 
			
	SUMITOMO MITSUI BANKING CORPORATION,
	as a Lender
		
	By: 	 	 /s/ James D. Weinstein

	Name:	 	James D. Weinstein
	Title:	 	Managing Director

 
			
	CREDIT AGRICOLE CORPORATE & INVESTMENT BANK, as a Lender
		
	By: 	 	 /s/ Page Dillehunt

	Name:	 	Page Dillehunt
	Title:	 	Managing Director
		
	By:	 	 /s/ Michael Willis

	Name:	 	Michael Willis
	Title:	 	Managing Director

 
			
	BANK HAPOALIM B.M., as a Lender
		
	By: 	 	 /s/ Helen H. Gateson

	Name:	 	Helen H. Gateson
	Title:	 	Vice President
		
	By: 	 	 /s/ Charles McLaughlin

	Name:	 	Charles McLaughlin
	Title:	 	Senior Vice President

 SCHEDULE 1A 

COMMITMENT SCHEDULE 
  

									
	 Lender
	  	Commitment	 	  	Percentage*	 
	 JPMorgan Chase Bank, N.A.
	  	$	225,000,000	  	  	 	9.2024539877	% 
	 Barclays Bank PLC
	  	$	225,000,000	  	  	 	9.2024539877	% 
	 Citibank, N.A.
	  	$	225,000,000	  	  	 	9.2024539877	% 
	 DNB Capital LLC
	  	$	225,000,000	  	  	 	9.2024539877	% 
	 HSBC Bank USA, N.A.
	  	$	225,000,000	  	  	 	9.2024539877	% 
	 SunTrust Bank
	  	$	225,000,000	  	  	 	9.2024539877	% 
	 Wells Fargo Bank, National Association
	  	$	225,000,000	  	  	 	9.2024539877	% 
	 BNP Paribas
	  	$	185,000,000	  	  	 	7.5664621677	% 
	 Credit Suisse AG, Cayman Islands Branch
	  	$	185,000,000	  	  	 	7.5664621677	% 
	 Mizuho Bank, Ltd
	  	$	185,000,000	  	  	 	7.5664621677	% 
	 Standard Chartered Bank
	  	$	115,000,000	  	  	 	4.7034764826	% 
	 Sumitomo Mitsui Banking Corporation
	  	$	115,000,000	  	  	 	4.7034764826	% 
	 Credit Agricole Corporate and Investment Bank
	  	$	60,000,000	  	  	 	2.4539877301	% 
	 Bank Hapoalim B.M.
	  	$	25,000,000	  	  	 	1.0224948875	% 
	 TOTAL
	  	$	2,445,000,000	  	  	 	100.0000000000	% 

  

	*	Rounded to 10 decimal places 

 SCHEDULE 1B 

SWINGLINE COMMITMENT SCHEDULE 
  

					
	 Swingline Lender
	  	 Swingline Commitment
	 
	 JPMorgan Chase Bank, N.A.
	  	$	200,000,000	  
	 Wells Fargo Bank, National Association
	  	$	200,000,000	  
	 TOTAL
	  	$	400,000,000	  

  

	*	Rounded to 10 decimal places 

 SCHEDULE 2.12 

MAXIMUM LC ISSUANCE AMOUNTS 
  

					
	 Issuing Bank
	  	 Maximum LC Issuance Amount
	 
	 N/A (as of Effective Date)
	  	$	0.00	  

 Schedule 5.16 

Existing Indebtedness 

(as of the Effective Date, except as otherwise indicated below) 

 

									
	 Issuer/Borrower

(Co-Issuer(s) / Co-Borrower(s))
	  	 Guarantor(s)
	  	 Description
	  	 Outstanding Principal
Balance
	  	 Maturity Date

	 Noble Holding International Limited
	  	Noble Corporation	  	3.45% Senior Notes due 2015	  	$350,000,000	  	August 1, 2015
	 Noble Holding International Limited
	  	Noble Corporation	  	3.05% Senior Notes due 2016	  	$300,000,000	  	March 1, 2016
	 Noble Holding International Limited
	  	Noble Corporation	  	2.50% Senior Notes due 2017	  	$300,000,000	  	March 15, 2017
	 Noble Holding (U.S.) Corporation

(Noble Drilling Holding LLC)

(Noble Drilling Services 6 LLC)
	  	Noble Corporation	  	7.50% Senior Notes due 2019	  	$201,695,000	  	March 15, 2019
	 Noble Holding International Limited
	  	Noble Corporation	  	4.90% Senior Notes due 2020	  	$500,000,000	  	August 1, 2020
	 Noble Holding International Limited
	  	Noble Corporation	  	4.625% Senior Notes due 2021	  	$400,000,000	  	March 1, 2021
	 Noble Holding International Limited
	  	Noble Corporation	  	3.95% Senior Notes due 2022	  	$400,000,000	  	March 15, 2022
	 Noble Holding International Limited
	  	Noble Corporation	  	6.20% Senior Notes due 2040	  	$400,000,000	  	August 1, 2040
	 Noble Holding International Limited
	  	Noble Corporation	  	6.05% Senior Notes due 2041	  	$400,000,000	  	March 1, 2041
	 Noble Holding International Limited
	  	Noble Corporation	  	5.25% Senior Notes due 2042	  	$500,000,000	  	March 15, 2042
	 Noble Corporation
	  	 Noble Holding (U.S.) Corporation
 Noble Holding
International Limited
	  	Commercial Paper Program established on September 19, 2012	  	$260,565,000 as of January 21, 2015	  	Variable

  
 1 

 Schedule 5.17 

Existing Liens 
 None. 

  
 2

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