Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 AMENDMENT AND
RESTATEMENT AGREEMENT, dated as of March 9, 2018 (this “Agreement”), among NOBLE MIDSTREAM SERVICES LLC, a Delaware limited liability company (the “Borrower”), NOBLE MIDSTREAM PARTNERS LP, a Delaware limited
partnership (the “Parent”), the GUARANTORS party hereto, the LENDERS party hereto and JPMORGAN CHASE BANK, N.A., as administrative agent. 

Reference is made to the Credit Agreement dated as of September 20, 2016, as heretofore amended (the “Existing Credit
Agreement”), among the Borrower, the Parent, the lenders party thereto (the “Existing Lenders”) and JPMorgan Chase Bank, N.A., as administrative agent. Capitalized terms used but not otherwise defined in this Agreement have
the meanings specified in the Existing Credit Agreement or the Restated Credit Agreement (as defined below), as applicable. The Existing Credit Agreement and the Restated Credit Agreement are sometimes collectively referred to as the “Credit
Agreement”. 
 The Borrower has requested that (a) the Stated Maturity Date be extended to the fifth anniversary of the
Restatement Closing Date (as defined below), (b) the aggregate amount of the Commitments be increased to $800,000,000 and (c) the Existing Credit Agreement otherwise be amended and restated to be in the form of the Restated Credit Agreement.

 Each Existing Lender and any other Person whose name is set forth on Schedule 1(a) hereto (such Existing Lenders and other Persons
being collectively referred to as the “Lenders”) has agreed to provide a Commitment on the Restatement Closing Date in an amount not to exceed the amount set forth on such Schedule opposite its name, in each case on the terms set
forth herein and in the Restated Credit Agreement and subject to the conditions set forth herein. 
 JPMorgan Chase Bank, N.A., Citigroup
Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, The Bank of Tokyo-Mitsubishi UFJ, Ltd., a member of MUFG, a global financial group, Mizuho Bank, Ltd. and DNB Markets, Inc. have been appointed to act, and have agreed
to act, as joint lead arrangers and joint bookrunners for the transactions contemplated hereby (in such capacities, the “Arrangers”). 

Accordingly, in consideration of the mutual agreements contained herein and other good and valuable consideration, the sufficiency and receipt
of which are hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1.     Concerning the Revolving
Credit Facility. 
 (a)    Commitments. On the terms set forth herein and in the Restated Credit Agreement and
subject to the conditions set forth herein, the Borrower and each Lender agree that, on and as of the Restatement Closing Date, each Lender shall have a Commitment in the amount set forth opposite its name on Schedule 1(a) hereto. 

(b)    Existing Letters of Credit. Each Lender and L/C Issuer party hereto acknowledges and agrees that, on and as
of the Restatement Closing Date and without any further action on the part of the applicable L/C Issuer or the Lenders, all participations in Letters 

 
of Credit issued and outstanding on the Restatement Closing Date (the “Existing Letters of Credit”) shall be reallocated among the Lenders on the basis of their Pro Rata Shares
of the Outstanding Amount of the L/C Obligations, calculated after giving effect to the transactions contemplated by this Section 1, and that, in furtherance of the foregoing, on the Restatement Closing Date each L/C Issuer shall be deemed to
have granted to each Lender, and each Lender shall be deemed to have acquired from each L/C Issuer, a participation in each Existing Letter of Credit issued by such L/C Issuer equal to such Lender’s Pro Rata Share of the Outstanding Amount of
the L/C Obligations in respect thereof, calculated after giving effect to the transactions contemplated by this Section 1. Such participation shall be governed by the terms of Section 2.03 of the Restated Credit
Agreement. 
 (c)    Existing Revolving Loans or Swing Line Loans. If any Revolving Loans or Swing Line Loans are
outstanding under, and as defined in, the Existing Credit Agreement on the Restatement Closing Date immediately prior to the effectiveness of the transactions contemplated by this Agreement and the Restated Credit Agreement to occur on the
Restatement Closing Date, the Borrower shall prepay such Revolving Loans and Swing Line Loans, together with interest thereon, on the Restatement Closing Date. The prepayment required under this Section 1(c) shall not be
subject to the minimum and multiple requirements, or the advance notice requirements (except as set forth in Section 3(c) below), set forth in Section 2.05 of the Existing Credit Agreement. Each
Lender that is a Lender under the Existing Credit Agreement agrees that the prepayment required under this Section 1(c) shall not be subject to or result in any payments under Section 3.05 of the
Existing Credit Agreement. 
 SECTION 2.     Amendment and Restatement of Existing Credit Agreement. 

(a)    Effective as of the Restatement Closing Date, the Existing Credit Agreement is hereby amended and restated to be in
the form attached as Exhibit I hereto (the Existing Credit Agreement, as so amended and restated, being referred to as the “Restated Credit Agreement”). 

(b)    Effective as of the Restatement Closing Date, (i) each of Schedules 2.01,
5.09, 7.03, 7.09, 7.12 and 10.02 to the Existing Credit Agreement is hereby amended and restated to be in the form of the correspondingly numbered Schedule (or, in the case of Schedule 7.12, as Schedule
7.11) to the Restated Credit Agreement and (ii) Schedule 7.10 to the Existing Credit Agreement is hereby deleted in its entirety. Each party hereto acknowledges and agrees that, on and as of the Restatement Closing Date, Schedule
2.01 to the Restated Credit Agreement sets forth all the Commitments of all the Lenders (and no Person whose name does not appear on Schedule 2.01 to the Restated Credit Agreement shall have, or shall be deemed to have, on and as of the
Restatement Closing Date, a Commitment under the Restated Credit Agreement). 
 (c)    Effective as of the Restatement
Closing Date, each of Exhibits A-1, A-2, B-1, B-2, C,
D, F-1, F-2, F-3 and F-4 to the Existing Credit
Agreement is hereby amended and restated to be in the form of the correspondingly lettered Exhibit to the Restated Credit Agreement. 

SECTION 3.    Restatement Closing Date. This Agreement shall become effective on the first date (the
“Restatement Closing Date”) on which each of the following 

  
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conditions shall be satisfied (or waived in accordance with Section 10.01 of the Existing Credit Agreement): 

(a)    Administrative Agent shall have executed this Agreement and shall have received from the Borrower, the Parent, each
of the other Loan Parties, each of the Lenders (which, collectively, shall constitute the Required Lenders under the Existing Credit Agreement), each of the L/C Issuers and each of the Swing Line Lenders either (i) a counterpart of this
Agreement signed on behalf of such party or (ii) evidence satisfactory to the Administrative Agent (which may include a facsimile or electronic transmission) that such party has signed a counterpart of this Agreement. 

(b)    The Administrative Agent shall have received: 

(i)    a certificate of a Responsible Officer of (A) each Loan Party (or of the general partner or
sole member of such Loan Party) certifying as to the incumbency and genuineness of the signature of each Responsible Officer, secretary and assistant secretary of such Loan Party (or the general partner or sole member of such Loan Party) executing
the Loan Documents to which such Loan Party is a party and certifying that attached thereto is a true, correct and complete copy of (1) the certificate or articles of limited partnership, formation or incorporation, as applicable, of such Loan
Party and all amendments thereto, certified as of a recent date by the appropriate Governmental Authority in its jurisdiction of organization, (2) the limited partnership agreement, operating agreement, bylaws or other governing document, as
applicable, of such Loan Party as in effect on the Restatement Closing Date and (3) resolutions duly adopted by the general partner, board of directors or other governing body, as applicable, of such Loan Party authorizing and approving the
transactions contemplated hereunder and the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party, and (B) the General Partner, certifying that attached thereto is a true, correct and complete
copy of the certificate of organization of the General Partner and all amendments thereto, certified as of a recent date by the appropriate Governmental Authority in its jurisdiction of organization; 

(ii)    a certificate of a Responsible Officer of the General Partner, on behalf of the Parent, certifying
that (A) the representations and warranties of the Loan Parties contained in Article V of the Restated Credit Agreement and in any other Loan Document are true and correct in all material respects (or, if qualified by materiality or
Material Adverse Effect, in all respects) on and as of the Restatement Closing Date (or, if such representation or warranty speaks as of an earlier date, as of such earlier date) and (B) that no Default or Event of Default exists or would
result from the execution of this Agreement; 
 (iii)    a certificate signed by the chief financial
officer of the General Partner or another Responsible Officer of the General Partner primarily responsible for the financial affairs of the Parent, on behalf of the Parent, certifying that on and as of the Restatement Closing Date, after giving
effect to the transactions described herein, the Parent and its Subsidiaries are Solvent on a consolidated basis; and 

  
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 (iv)    certificates as of a recent date setting forth the
good standing of each Loan Party under the laws of its jurisdiction of organization. 
 (c)    The Administrative Agent
shall have received an opinion of Vinson & Elkins LLP, counsel to the Loan Parties, addressed to the Administrative Agent, each Arranger, each Lender and each L/C Issuer, in each case as to such customary matters regarding the transactions
contemplated herein and in such form as the Administrative Agent may reasonably request. 
 (d)    If required pursuant
to Section 1(c) above, the Borrower shall have made the prepayment referred to in Section 1(c) above and, in connection therewith, shall have delivered to the Administrative Agent, in accordance
with Section 2.05 of the Existing Credit Agreement (as modified by Section 1(c) above), a written notice of such prepayment, it being agreed that such notice may be conditioned on the substantially
concurrent occurrence of the Restatement Closing Date. 
 (e)    The Parent and the Borrower shall have provided to the
Administrative Agent and the Extended Lenders, to the extent requested at least five Business Days prior to the Restatement Closing Date, with respect to the Parent, the Borrower and the other Loan Parties, (i) the documentation and other
information requested by the Administrative Agent and any Lender in order to comply with the requirements of the Patriot Act, (ii) the documentation and other information requested by the Administrative Agent in order to comply with all
“know your customer” requirements and (iii) all anti-money laundering documentation reasonably requested by the Administrative Agent or any Extended Lender. 

(f)    The Administrative Agent shall have received from the Borrower payment of (i) all accrued and unpaid
commitment, fronting and other fees payable under Section 2.09 of the Existing Credit Agreement and (ii) all fees required to be paid by the Borrower to any Arranger or any Lender in connection with the transactions
contemplated hereby, as separately agreed by the Borrower and the Arrangers. 
 (g)    The Administrative Agent shall
have received from the Borrower payment of all expenses (including Attorney Costs) required to be paid by the Borrower in connection with the Loan Documents and for which invoices have been presented at least one Business Day prior to the
Restatement Closing Date. 
 The Administrative Agent shall notify the Borrower, the Parent, the Lenders and the L/C Issuers of the
occurrence of the Restatement Closing Date, and such notice shall be conclusive and binding. 
 SECTION
4.    Reaffirmation by Guarantors. Each Guarantor hereby unconditionally and irrevocably ratifies and reaffirms (a) all of its payment and performance obligations, contingent or otherwise, under each of the Loan
Documents to which it is a party and (b) its Guarantee of the Obligations (including any Obligations in respect of the Commitments (and all L/C Obligations and Swing Line Exposures thereunder) as increased and

  
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extended hereby) pursuant to the Guarantee Agreement and confirms that such Guarantee continues to have full force and effect, in each case after giving effect to this Agreement and the
amendments to the Existing Credit Agreement effected hereby. In addition, each Guarantor hereby agrees that the Loan Documents (including, without limitation, the Guarantee Agreement,) shall remain in full force and effect and shall continue to be
the legal, valid and binding obligation of the undersigned, enforceable against it in accordance with its terms. 
 SECTION
5.     Effect of Amendment and Restatement. 
 (a)    On and after the Restatement Closing
Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import, and each reference in each of the other Loan Documents to “the Credit Agreement”,
“thereunder”, “thereof” or words of like import, shall mean and be a reference to the Restated Credit Agreement. 

(b)    The Existing Credit Agreement, as specifically amended and restated by this Agreement, is and shall continue to be
in full force and effect and is hereby in all respects ratified and confirmed. Except as expressly set forth herein or in the Restated Credit Agreement, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or
otherwise affect the rights and remedies of the Lenders, the L/C Issuers, the Swing Line Lenders or the Administrative Agent under the Existing Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any
of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein
shall be deemed to entitle the Borrower or any other Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any
other Loan Document in similar or different circumstances. This Agreement shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents. 

SECTION 6.    Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on
different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic
imaging shall be effective as delivery of a manually executed counterpart of this Agreement. 
 SECTION 7.    No
Novation. The Borrower has requested, and the Lenders party hereto have agreed, that the Existing Credit Agreement be, effective from the Restatement Closing Date, amended and restated as set forth in the Restated Credit Agreement. Such
amendment and restatement shall not constitute a novation of any Debt or other Obligations owing to the Lenders, the L/C Issuers, the Swing Line Lenders or the Administrative Agent under the Existing Credit Agreement. 

SECTION 8.    Governing Law. This Agreement shall be construed in accordance with and governed by the law of the
State of New York. 

  
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 SECTION 9.    Headings. Section headings used herein are for
convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

[Signature Pages Follow] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

			
	Noble Midstream Services, LLC
		
	By:	 	 /s/ John F. Bookout, IV

		 	John F. Bookout, IV
		 	Chief Financial Officer

  
 [Signature Page to
NBLX Amendment and Restatement Agreement] 

 
			
	Noble Midstream Partners LP
		
	By:	 	Noble Midstream GP LLC,
		 	     its Sole General Partner
		
	By:	 	 /s/ John F. Bookout, IV

		 	John F. Bookout, IV
		 	Chief Financial Officer

  
 [Signature Page to
NBLX Amendment and Restatement Agreement] 

 
			
	 JPMORGAN CHASE BANK, N.A., individually

and as the Administrative Agent, a Swing Line Lender and an L/C Issuer,

		
	By:	 	 /s/ Debra Hrelja

		 	Debra Hrelja
		 	Vice President

  
 [Signature Page to
NBLX Amendment and Restatement Agreement] 

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

			
	 Citibank, N.A., signing in its capacity as a Lender,

as an L/C Issuer and a Swing Line Lender,

		
	By:	 	 /s/ Maureen Maroney

		 	Marueen Maroney
		 	Vice President

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Bank of America, N.A., as a Lender and an L/C Issuer
		
	By:	 	 /s/ Michael
Clayborne                    

		 	Michael Clayborne
		 	Director

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	The Bank of Tokyo-Mitsubishi UFJ, LTD., as a Lender and an L/C Issuer
		
	By:	 	 /s/ Todd
Vaubel                    

		 	Todd Vaubel
		 	Director

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Mizuho Bank, Ltd., as a Lender and an L/C Issuer
		
	By:	 	 /s/ Leon
Mo                    

		 	Leon Mo
		 	Authorized Signatory

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	DNB Capital LLC, as a Lender
		
	By:	 	 /s/ Phillip F.
Kurpiewski                    

		 	Phillip F. Kurpiewski
		 	Senior Vice President
		
	By:	 	 /s/ Andrew J.
Shohet                    

		 	Andrew J. Shohet
		 	Vice President

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	DNB Bank ASA, New York Branch, as an L/C Issuer
		
	By:	 	 /s/ Phillip F.
Kurpiewski                    

		 	Phillip F. Kurpiewski
		 	Senior Vice President
		
	By:	 	 /s/ Andrew J.
Shohet                    

		 	Andrew J. Shohet
		 	Vice President

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Barclays Bank PLC, as a lender
		
	By:	 	 /s/ Sydney G.
Dennis                    

		 	Sydney G. Dennis
		 	Director

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Compass Bank, as a Lender
		
	By:	 	 /s/ Mark H.
Wolf                    

		 	Mark H. Wolf
		 	Senior Vice President

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Deutsche Bank AG New York Branch, as a Lender
		
	By:	 	 /s/ Ming K
Chu                    

		 	Ming K Chu
		 	Director
	
	Deutsche Bank AG New York Branch, as a Lender
		
	By:	 	 /s/ Virginia
Cosenza                    

		 	Virginia Cosenza
		 	Vice President

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Export Development Canada, as a Lender
		
	By:	 	 /s/ Sajjad
Jafri                    

		 	Sajjad Jafri
		 	Senior Associate
		
	By:	 	 /s/ Trevor
Mulligan                    

		 	Trevor Mulligan
		 	Financing Manager

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Goldman Sachs Bank USA, as a Lender
		
	By:	 	 /s/ Josh
Rosenthal                    

		 	Josh Rosenthal
		 	Authorized Signatory

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Societe Generale, as a Lender
		
	By:	 	 /s/ Diego Medina

		 	Diego Medina
		 	Director

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Sumitomo Mitsui Banking Corporation, as a Lender
		
	By:	 	 /s/ James D. Weinstein

		 	James D. Weinstein
		 	Managing Director

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	The Toronto-Dominion Bank, New York Branch, as a Lender
		
	By:	 	 /s/ Annie Dorval

		 	Annie Dorval
		 	Authorized Signatory

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	The Bank of Nova Scotia, Houston Branch, as a Lender
		
	By:	 	 /s/ Alfredo Brahim

		 	Alfredo Brahim
		 	Director

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Wells Fargo Bank, N.A., as a Lender
		
	By:	 	 /s/ Brandon Dunn

		 	Brandon Dunn
		 	Vice President

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	ABN AMRO Capital USA LLC, as a Lender
		
	By:	 	 /s/ Darrell Holley

		 	Darrell Holley
		 	Managing Director
		
	By:	 	 /s/ Kelly Hall

		 	Kelly Hall
		 	Director

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Branch Banking & Trust Company, as a Lender
		
	By:	 	 /s/ Lincoln LaCour

		 	Lincoln LaCour
		 	Vice President

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Credit Agricole Corporate and Investment Bank, as a Lender
		
	By:	 	 /s/ Dixon Schultz

		 	Dixon Schultz
		 	Managing Director
		
	By:	 	 /s/ Michael Willis

		 	Michael Willis
		 	Managing Director

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	DBS Bank LTD., as a Lender
		
	By:	 	 /s/ Yeo How Ngee

		 	Yeo How Ngee
		 	Managing Director

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Fifth Third Bank, as a Lender
		
	By:	 	 /s/ Larry Hayes

		 	Larry Hayes
		 	Director

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	ING Capital LLC, as a Lender
		
	By:	 	 /s/ Scott Lamoreaux    

		 	Scott Lamoreaux
		 	Director
		
	By:	 	 /s/ Charles Hall    

		 	Charles Hall
		 	Managing Director

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Morgan Stanley Bank, N.A., as a Lender
		
	By:	 	 /s/ Michael King    

		 	Michael King
		 	Authorized Signatory

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Natixis, New York Branch, as a Lender
		
	By:	 	 /s/ Timothy Polvado    

		 	Timothy Polvado
		 	Managing Director
		
	By:	 	 /s/ Leila Zomorrodian    

		 	Leila Zomorrodian
		 	Director

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	PNC Bank, National Association, as a Lender
		
	By:	 	 /s/ John Engel    

		 	John Engel
		 	Vice President

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	Royal Bank of Canada, as a Lender
		
	By:	 	 /s/ Kristan Spivey    

		 	Kristan Spivey
		 	Authorized Signatory

 LENDER SIGNATURE PAGE TO 

AMENDMENT AND RESTATEMENT AGREEMENT 

RELATING TO THE CREDIT AGREEMENT OF 

NOBLE MIDSTREAM SERVICES LLC 
  

 
			
	BMO Harris Bank N.A., as a Lender:
		
	By:	 	 /s/ Matthew Davis    

		 	Matthew Davis
		 	Director

 
			
	Colorado River DevCo GP LLC
		
	By:	 	Noble Midstream Services, LLC
		 	        its Sole Member
		
	By:	 	 /s/ John F. Bookout, IV

		 	John F. Bookout, IV
		 	Chief Financial Officer
	
	Colorado River DevCo LP
		
	By:	 	Colordao River DevCo GP LLC
		 	        its Sole General Partner
		
	By:	 	Noble Midstream Services, LLC
		 	        its Sole Member
		
	By:	 	 /s/ John F. Bookout, IV

		 	John F. Bookout, IV
		 	Chief Financial Officer
	
	San Juan River DevCo GP LLC
		
	By:	 	Noble Midstream Services, LLC
		 	        its Sole Member
		
	By:	 	 /s/ John F. Bookout, IV

		 	John F. Bookout, IV
		 	Chief Financial Officer
	
	Trinity River DevCo LLC
		
	By:	 	Noble Midstream Services, LLC
		 	        its Sole Member
		
	By:	 	 /s/ John F. Bookout, IV

		 	John F. Bookout, IV
		 	Chief Financial Officer
	
	Laramie River DevCo GP LLC
		
	By:	 	Noble Midstream Services, LLC
		 	        its Sole Member
		
	By:	 	 /s/ John F. Bookout, IV

		 	John F. Bookout, IV
		 	Chief Financial Offier

  
 [Signature Page to
NBLX Amendment and Restatement Agreement] 

 
			
	Laramie River DevCo LP
		
	By:	 	Laramie River DevCo GP LLC
		 	        its Sole General Partner
		
	By:	 	Noble Midstream Services, LLC
		 	        its Sole Member
		
	By:	 	 /s/ John F. Bookout, IV

		 	John F. Bookout, IV
		 	Chief Financial Officer
	
	Black Diamond Gathering Holdings LLC
		
	By:	 	Laramie River DevCo LP
		 	        its Sole Member
		
	By:	 	Laramie River DevCo GP LLC
		 	        its Sole General Partner
		
	By:	 	Noble Midstream Services, LLC
		 	        its Sole Member
		
	By:	 	 /s/ John F. Bookout, IV

		 	John F. Bookout, IV
		 	Chief Financial Officer
	
	Blanco River DevCo GP LLC
		
	By:	 	Noble Midstream Services, LLC
		 	        its Sole Member
		
	By:	 	 /s/ John F. Bookout, IV

		 	John F. Bookout, IV
		 	Chief Financial Officer
	
	Green River DevCo GP LLC
		
	By:	 	Noble Midstream Services, LLC
		 	        its Sole Member
		
	By:	 	 /s/ John F. Bookout, IV

		 	John F. Bookout, IV
		 	Chief Financial Officer

  
 [Signature Page to
NBLX Amendment and Restatement Agreement] 

 Schedule 1(a) 

Lenders 
  

					
	 Lender
	  	Commitment	 
	 JPMorgan Chase Bank, N.A.
	  	$	52,500,000.00	 
	 Citibank, N.A.
	  	 	52,500,000.00	 
	 Bank of America, N.A.
	  	 	52,500,000.00	 
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	 	52,500,000.00	 
	 Mizuho Bank, Ltd.
	  	 	52,500,000.00	 
	 DNB Capital LLC
	  	 	52,500,000.00	 
	 Barclays Bank PLC
	  	 	32,000,000.00	 
	 Compass Bank
	  	 	32,000,000.00	 
	 Deutsche Bank AG New York Branch
	  	 	32,000,000.00	 
	 Export Development Canada
	  	 	32,000,000.00	 
	 Goldman Sachs Bank USA
	  	 	32,000,000.00	 
	 Societe Generale
	  	 	32,000,000.00	 
	 Sumitomo Mitsui Banking Corporation
	  	 	32,000,000.00	 
	 The Toronto-Dominion Bank, New York Branch
	  	 	32,000,000.00	 
	 The Bank of Nova Scotia, Houston Branch
	  	 	32,000,000.00	 
	 Wells Fargo Bank, National Association
	  	 	32,000,000.00	 
	 ABN AMRO Capital USA LLC
	  	 	15,000,000.00	 
	 Branch Banking & Trust Company
	  	 	15,000,000.00	 
	 Crédit Agricole Corporate and Investment Bank
	  	 	15,000,000.00	 
	 DBS Bank Ltd.
	  	 	15,000,000.00	 
	 Fifth Third Bank
	  	 	15,000,000.00	 
	 ING Capital LLC
	  	 	15,000,000.00	 
	 Morgan Stanley Bank, N.A.
	  	 	15,000,000.00	 
	 Natixis, New York Branch
	  	 	15,000,000.00	 
	 PNC Bank, National Association
	  	 	15,000,000.00	 
	 Royal Bank of Canada
	  	 	15,000,000.00	 
	 BMO Harris Bank, N.A.
	  	 	15,000,000.00	 
	 Total
	  	$	800,000,000.00	 

 Exhibit I 

Restated Credit Agreement 

 EXHIBIT I 

CREDIT AGREEMENT 
 dated as
of September 20, 2016, 
 as amended and restated as of March 9, 2018, 

among 
 NOBLE MIDSTREAM
SERVICES, LLC, 
 as Borrower, 

NOBLE MIDSTREAM PARTNERS LP, 

as Parent, 
 JPMORGAN CHASE
BANK, N.A., 
 as Administrative Agent, a Swing Line Lender and an L/C Issuer, 

and 
 The Other LENDERS, SWING
LINE LENDERS and L/C ISSUERS Party Hereto 
  

 
 JPMORGAN
CHASE BANK, N.A., 
 CITIGROUP GLOBAL MARKETS INC., 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., 

MIZUHO BANK, LTD. 
 and 

DNB MARKETS, INC., 
 as Joint
Lead Arrangers and Joint Book Runners 
 CITIBANK, N.A., 

as Syndication Agent 
 BANK OF
AMERICA, N.A., 
 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., 

MIZUHO BANK, LTD. 
 and 

DNB BANK ASA, NEW YORK BRANCH, 

as Documentation Agents 

 Table of Contents 

 

							
	 	 	 	  	Page	 
	 ARTICLE I
	 	 DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	 
			
	 1.01
	 	 Defined Terms
	  	 	1	 
	 1.02
	 	 Other Interpretive Provisions
	  	 	30	 
	 1.03
	 	 Accounting Terms
	  	 	31	 
	 1.04
	 	 Rounding
	  	 	32	 
	 1.05
	 	 References to Agreements and Laws
	  	 	32	 
	 1.06
	 	 Times of Day
	  	 	32	 
	 1.07
	 	 Letter of Credit Amounts
	  	 	32	 
			
	 ARTICLE II
	 	 THE COMMITMENTS AND BORROWINGS
	  	 	32	 
			
	 2.01
	 	 The Loans
	  	 	32	 
	 2.02
	 	 Borrowings, Conversions and Continuations of Loans
	  	 	33	 
	 2.03
	 	 Letters of Credit
	  	 	34	 
	 2.04
	 	 Swing Line Loans
	  	 	43	 
	 2.05
	 	 Prepayments
	  	 	46	 
	 2.06
	 	 Termination or Reduction of Commitments
	  	 	47	 
	 2.07
	 	 Repayment of Loans
	  	 	48	 
	 2.08
	 	 Interest
	  	 	48	 
	 2.09
	 	 Fees
	  	 	48	 
	 2.10
	 	 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate
	  	 	49	 
	 2.11
	 	 Evidence of Debt
	  	 	49	 
	 2.12
	 	 Payments Generally
	  	 	50	 
	 2.13
	 	 Sharing of Payments
	  	 	52	 
	 2.14
	 	 Cash Collateral
	  	 	53	 
	 2.15
	 	 Increase in Aggregate Commitment
	  	 	54	 
	 2.16
	 	 Maturity Extension Requests
	  	 	55	 
	 2.17
	 	 Defaulting Lenders
	  	 	57	 
			
	 ARTICLE III
	 	 TAXES, YIELD PROTECTION AND ILLEGALITY
	  	 	60	 
			
	 3.01
	 	 Taxes
	  	 	60	 
	 3.02
	 	 Illegality
	  	 	65	 
	 3.03
	 	 Inability to Determine Rates
	  	 	65	 
	 3.04
	 	 Increased Cost and Reduced Return; Capital Adequacy and Liquidity
	  	 	66	 
	 3.05
	 	 Funding Losses
	  	 	67	 
	 3.06
	 	 Mitigation Obligations; Designation of a Different Lending Office
	  	 	68	 
	 3.07
	 	 Matters Applicable to all Requests for Compensation
	  	 	68	 
	 3.08
	 	 Survival
	  	 	68	 
			
	 ARTICLE IV
	 	 CONDITIONS PRECEDENT TO RESTATEMENT CLOSING DATE AND TO CREDIT EXTENSIONS
	  	 	69	 
			
	 4.01
	 	 Conditions to Restatement Closing Date
	  	 	69	 
	 4.02
	 	 Conditions to all Credit Extensions
	  	 	69	 

  
 i 

							
	 ARTICLE V
	 	 REPRESENTATIONS AND WARRANTIES
	  	 	69	 
			
	 5.01
	 	 Corporate Existence and Power
	  	 	69	 
	 5.02
	 	 Corporate and Governmental Authorization; No Contravention; No Default
	  	 	70	 
	 5.03
	 	 Binding Effect
	  	 	70	 
	 5.04
	 	 Financial Information
	  	 	70	 
	 5.05
	 	 Litigation
	  	 	71	 
	 5.06
	 	 Compliance with ERISA
	  	 	71	 
	 5.07
	 	 Environmental Matters
	  	 	71	 
	 5.08
	 	 Taxes
	  	 	71	 
	 5.09
	 	 Subsidiaries
	  	 	72	 
	 5.10
	 	 Regulatory Restrictions on Borrowing; Margin Regulations
	  	 	72	 
	 5.11
	 	 Full Disclosure
	  	 	72	 
	 5.12
	 	 Compliance with Laws
	  	 	72	 
	 5.13
	 	 Ownership of Property; No Liens; Insurance
	  	 	72	 
	 5.14
	 	 Solvency
	  	 	73	 
	 5.15
	 	 Patriot Act
	  	 	73	 
	 5.16
	 	 Anti-Corruption Laws and Sanctions
	  	 	73	 
	 5.17
	 	 Material Contracts
	  	 	73	 
	 5.18
	 	 EEA Financial Institutions. No Loan Party is an EEA Financial Institution
	  	 	74	 
			
	 ARTICLE VI
	 	 AFFIRMATIVE COVENANTS
	  	 	74	 
			
	 6.01
	 	 Information; Notices of Material Events
	  	 	74	 
	 6.02
	 	 Payment of Taxes and Obligations
	  	 	77	 
	 6.03
	 	 Maintenance of Property; Insurance
	  	 	77	 
	 6.04
	 	 Conduct of Business and Maintenance of Existence
	  	 	77	 
	 6.05
	 	 Compliance with Laws
	  	 	77	 
	 6.06
	 	 Inspection of Property, Books and Records
	  	 	78	 
	 6.07
	 	 Use of Proceeds
	  	 	78	 
	 6.08
	 	 Governmental Approvals and Filings
	  	 	78	 
	 6.09
	 	 Material Contracts
	  	 	78	 
	 6.10
	 	 Guarantee Matters
	  	 	79	 
	 6.11
	 	 Subsidiaries
	  	 	80	 
			
	 ARTICLE VII
	 	 NEGATIVE COVENANTS
	  	 	80	 
			
	 7.01
	 	 Liens
	  	 	80	 
	 7.02
	 	 Financial Covenants
	  	 	83	 
	 7.03
	 	 Transactions with Affiliates
	  	 	83	 
	 7.04
	 	 Restricted Payments
	  	 	84	 
	 7.05
	 	 Mergers and Fundamental Changes
	  	 	84	 
	 7.06
	 	 Change in Nature of Business
	  	 	85	 
	 7.07
	 	 Use of Proceeds
	  	 	85	 
	 7.08
	 	 Dispositions
	  	 	85	 
	 7.09
	 	 Debt
	  	 	86	 
	 7.10
	 	 Changes in Fiscal Year; Organization Documents
	  	 	89	 
	 7.11
	 	 Subsidiaries
	  	 	89	 
	 7.12
	 	 Swap Contracts
	  	 	90	 

  
 ii 

							
	 ARTICLE VIII
	 	 EVENTS OF DEFAULT AND REMEDIES
	  	 	90	 
			
	 8.01
	 	 Events of Default
	  	 	90	 
	 8.02
	 	 Remedies Upon Event of Default
	  	 	92	 
	 8.03
	 	 Application of Funds
	  	 	92	 
			
	 ARTICLE IX
	 	 ADMINISTRATIVE AGENT
	  	 	93	 
			
	 9.01
	 	 Appointment and Authorization of Administrative Agent
	  	 	93	 
	 9.02
	 	 Rights as a Lender
	  	 	94	 
	 9.03
	 	 Exculpatory Provisions
	  	 	94	 
	 9.04
	 	 Reliance by Administrative Agent
	  	 	95	 
	 9.05
	 	 Indemnification of Administrative Agent and L/C Issuers
	  	 	95	 
	 9.06
	 	 Delegation of Duties
	  	 	96	 
	 9.07
	 	 Resignation of Administrative Agent
	  	 	96	 
	 9.08
	 	 Non-Reliance on Administrative Agent and Other
Lenders
	  	 	97	 
	 9.09
	 	 No Other Duties, Etc.
	  	 	97	 
	 9.10
	 	 Administrative Agent May File Proofs of Claim
	  	 	97	 
	 9.11
	 	 Certain ERISA Matters
	  	 	98	 
			
	 ARTICLE X
	 	 MISCELLANEOUS
	  	 	100	 
			
	 10.01
	 	 Amendments, Etc.
	  	 	100	 
	 10.02
	 	 Notices; Effectiveness; Electronic Communication
	  	 	102	 
	 10.03
	 	 No Waiver; Cumulative Remedies
	  	 	104	 
	 10.04
	 	 Attorney Costs, Expenses and Taxes
	  	 	104	 
	 10.05
	 	 Indemnification; Damage Waiver
	  	 	104	 
	 10.06
	 	 Payments Set Aside
	  	 	106	 
	 10.07
	 	 Successors and Assigns
	  	 	106	 
	 10.08
	 	 Confidentiality
	  	 	112	 
	 10.09
	 	 Set-off
	  	 	113	 
	 10.10
	 	 Interest Rate Limitation
	  	 	113	 
	 10.11
	 	 Counterparts
	  	 	113	 
	 10.12
	 	 Integration
	  	 	114	 
	 10.13
	 	 Survival of Representations and Warranties
	  	 	114	 
	 10.14
	 	 Severability
	  	 	114	 
	 10.15
	 	 Reserved
	  	 	114	 
	 10.16
	 	 Replacement of Lenders
	  	 	114	 
	 10.17
	 	 Governing Law; Jurisdiction
	  	 	115	 
	 10.18
	 	 No Advisory or Fiduciary Responsibility
	  	 	116	 
	 10.19
	 	 Waiver of Right to Trial by Jury
	  	 	117	 
	 10.20
	 	 USA PATRIOT Act Notice
	  	 	117	 
	 10.21
	 	 Entire Agreement
	  	 	117	 
	 10.22
	 	 No General Partner’s Liability for Revolving Facility
	  	 	117	 

  
 iii 

			
	SCHEDULES	 	
		
	 2.01
	 	 Commitments

	 5.09
	 	 Subsidiaries as of the Restatement Closing Date

	 7.03
	 	 Affiliate Contracts as of the Restatement Closing Date

	 7.09
	 	 Debt as of Restatement Closing Date

	 7.11
	 	 Certain Agreements as of the Restatement Closing Date

	 10.02
	 	 Administrative Agent’s Office, Certain Addresses for Notices

		
	EXHIBITS	 	
		
	 Form of
	 	
		
	 A-1
	 	 Loan Notice

	 A-2
	 	 Swing Line Loan Notice

	 B-1
	 	 Revolving Note

	 B-2
	 	 Swing Line Note

	 C
	 	 Compliance Certificate

	 D
	 	 Assignment and Assumption

	 E
	 	 [Reserved]

	 F-1
	 	 U.S. Tax Compliance Certificate (Form 1)

	 F-2
	 	 U.S. Tax Compliance Certificate (Form 2)

	 F-3
	 	 U.S. Tax Compliance Certificate (Form 3)

	 F-4
	 	 U.S. Tax Compliance Certificate (Form 4)

  
 iv 

 CREDIT AGREEMENT 

CREDIT AGREEMENT dated as of September 20, 2016, as amended and restated as of March 9, 2018, among Noble Midstream Services, LLC, a
Delaware limited liability company (the “Borrower”), Noble Midstream Partners LP, a Delaware limited partnership (the “Parent”), each Lender from time to time party hereto, JPMorgan Chase Bank, N.A., as
Administrative Agent, a Swing Line Lender and an L/C Issuer, and the other L/C Issuers and Swing Line Lenders named herein. 
 The Borrower
has requested that the Lenders extend certain credit to the Borrower, and the Administrative Agent, the Swing Line Lenders, the L/C Issuers and the Lenders are willing to do so on the terms and conditions set forth herein. 

In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 

ARTICLE I 
 DEFINITIONS AND
ACCOUNTING TERMS 
 1.01    Defined Terms. As used in this Agreement, the following terms shall have the
meanings set forth below: 
 “Acquisition” by any Person means (a) the acquisition by such Person, in a single
transaction or in a series of related transactions, of (i) property or assets (other than capital expenditures or acquisitions of inventory or supplies in the ordinary course of business) constituting a business unit or division of another
Person or (ii) the Capital Stock of another Person resulting in such other Person becoming a Subsidiary, in each case whether or not involving a merger or consolidation with such other Person and whether for cash, property, services, assumption
of Debt, securities or otherwise and (b) any Midstream Drop Down Acquisition. 
 “Adjusted Eurodollar Rate” means,
with respect to any Eurodollar Rate Loan for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the Eurodollar Rate for such Interest Period multiplied by (b) the Statutory
Reserve Rate. 
 “Administrative Agent” means JPMorgan in its capacity as administrative agent under any of the Loan
Documents, or any successor administrative agent. 
 “Administrative Agent’s Office” means the Administrative
Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders. 

“Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. 

  
 1 

 “Affiliate” means, with respect to any Person, another Person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. “Control” means the possession, directly or indirectly, of the power to direct or cause the direction
of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. For the avoidance of
doubt, in no event shall the Administrative Agent, any L/C Issuer or any Lender be deemed an Affiliate of the Parent or any of its Subsidiaries. 

“Agent-Related Persons” means the Administrative Agent and its Related Parties. 

“Aggregate Commitment” means the aggregate Commitments of all the Lenders. The Aggregate Commitment on the Restatement
Closing Date is $800,000,000. 
 “Agreement” means this Credit Agreement, as amended, restated, supplemented or otherwise
modified from time to time. 
 “Anti-Corruption Laws” means all Laws of any jurisdiction applicable to the Parent and its
Subsidiaries from time to time concerning or relating to bribery or corruption. 
 “Applicable Rate” means (a) until
the Parent or the Borrower has obtained a Public Debt Rating from either S&P or Moody’s, the applicable percentages per annum set forth in the Leverage Based Pricing Grid below, based upon the Consolidated Leverage Ratio of the Parent: 

LEVERAGE BASED PRICING GRID 
  

																			
	 Pricing

Level
	  	 Consolidated Leverage

Ratio
	  	Commitment
Fee Rate	 	 	Eurodollar
Rate	 	 	Letters of
Credit	 	 	Base
Rate	 
	 1
	  	Less than 2.75 to 1.00	  	 	0.200	% 	 	 	1.250	% 	 	 	1.250	% 	 	 	0.250	% 
	 2
	  	Greater than or equal to 2.75 to 1.00 but less than 3.50 to 1.00	  	 	0.225	% 	 	 	1.375	% 	 	 	1.375	% 	 	 	0.375	% 
	 3
	  	Greater than or equal to 3.50 to 1.00 but less than 4.25 to 1.00	  	 	0.275	% 	 	 	1.500	% 	 	 	1.500	% 	 	 	0.500	% 
	 4
	  	Greater than or equal to 4.25 to 1.00	  	 	0.325	% 	 	 	1.750	% 	 	 	1.750	% 	 	 	0.750	% 

 and (b) on the date and at all times after the Parent or the Borrower obtains a Public Debt Rating from
either S&P or Moody’s, the applicable percentages per annum set forth in the Ratings Based Pricing Grid below, based upon the Public Debt Ratings of the Parent or the Borrower: 

RATINGS BASED PRICING GRID 
  

																			
	 Pricing

Level
	  	 Public Debt Ratings

S&P/Moody’s
	  	Commitment
Fee Rate	 	 	Eurodollar
Rate	 	 	Letters of
Credit	 	 	Base
Rate	 
	 1
	  	BBB+/Baa1 or higher	  	 	0.125	% 	 	 	1.125	% 	 	 	1.125	% 	 	 	0.125	% 
	 2
	  	BBB/Baa2	  	 	0.175	% 	 	 	1.250	% 	 	 	1.250	% 	 	 	0.250	% 
	 3
	  	BBB-/Baa3	  	 	0.200	% 	 	 	1.500	% 	 	 	1.500	% 	 	 	0.500	% 
	 4
	  	BB+/Ba1or lower	  	 	0.250	% 	 	 	1.750	% 	 	 	1.750	% 	 	 	0.750	% 

  
 2 

 From the Original Closing Date until the earlier of (i) the date the first Compliance Certificate is
delivered pursuant to Section 6.01(c) or (ii) the date on which the Parent or the Borrower obtains a Public Debt Rating from either S&P or Moody’s, the Applicable Rate in effect shall be determined based upon
Pricing Level 1 of the Leverage Based Pricing Grid (subject to the proviso below if such Compliance Certificate is not delivered when due). Thereafter, to the extent neither the Parent nor the Borrower has obtained a Public Debt Rating from
either S&P or Moody’s, the Applicable Rate shall be determined based upon the Compliance Certificate to be delivered pursuant to Section 6.01(c), until the date that the Parent or the Borrower shall have obtained a
Public Debt Rating from either S&P or Moody’s, on which date the Applicable Rate shall be determined as set forth in the Ratings Based Pricing Grid. Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated
Leverage Ratio shall become effective as of the first Business Day immediately following the date that the Compliance Certificate is required to be delivered pursuant to Section 6.01(c); provided, however,
that if a Compliance Certificate is not delivered when due in accordance with such Section, then the Applicable Rate shall be determined based upon Pricing Level 4 of the Leverage Based Pricing Grid and shall continue to apply until the first
Business Day immediately following the date a Compliance Certificate is delivered in accordance with Section 6.01(c), whereupon the Applicable Rate shall be adjusted based upon the calculation of the Consolidated Leverage
Ratio contained in such Compliance Certificate. 
 Each change in the Applicable Rate resulting from a publicly announced change in the Public Debt Ratings
shall be effective during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change. If the Public Debt Ratings from both S&P and Moody’s
cease to be available, then the Applicable Rate shall be determined based upon Pricing Level 4 of the Rating Based Pricing Grid and shall continue to apply until the date that the Parent or the Borrower shall have obtained a Public Debt Rating
from S&P and/or Moody’s, whereupon the Applicable Rate shall be adjusted based on the Public Debt Rating from S&P and/or Moody’s as set forth in the Rating Based Pricing Grid. If the Public Debt Ratings from S&P and
Moody’s reflect different Pricing Levels, then (i) in the event of a single level split, the higher Public Debt Rating will apply or (ii) in the event of a multiple level split, the Pricing Level will be based on the Public Debt
Rating one level lower than the higher of the two Public Debt Ratings. 
 “Approved Fund” has the meaning specified in
Section 10.07(h). 
 “Arrangers” means JPMorgan, Citigroup Global Markets Inc., Merrill Lynch,
Pierce, Fenner & Smith Incorporated (or any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its Subsidiaries’ investment
banking, commercial lending services or related businesses may be transferred following the Restatement Closing Date), The Bank of Tokyo-Mitsubishi UFJ, Ltd., a member of MUFG, a global financial group, Mizuho Bank, Ltd. and DNB Markets, Inc., in
their capacities as joint lead arrangers and joint bookrunners for the credit facility established hereunder. 

  
 3 

 “Assignee Group” means two or more Eligible Assignees that are Affiliates of one
another or two or more Approved Funds managed by the same investment advisor. 
 “Assignment and Assumption” means an
Assignment and Assumption substantially in the form of Exhibit D. 
 “Attributable Debt” means, with respect to any
Sale and Leaseback Transaction at the time of determination, the present value (discounted at the interest rate implicit in the terms of the relevant lease in accordance with GAAP) of the total remaining obligations of the lessee for rental payments
pursuant to such Sale and Leaseback Transaction (reduced by the amount of rental obligations of any sublessee of all or part of the same property) during the remaining term of the lease included in such Sale and Leaseback Transaction, including any
period for which such lease has been extended, or until the earliest date on which the lessee may terminate such lease without penalty or upon payment of a penalty (and, in the case of any such termination upon payment of a penalty, the rental
payments shall include the lesser of (a) the remaining applicable lease payments until the first date upon which it may be so terminated plus the then applicable penalty upon termination and (b) the lease payment to be paid during the
remaining term of such Sale and Leaseback Transaction (assuming such termination provision is not exercised)), after excluding from such rental payments all amounts required to be paid on account of maintenance and repairs, insurance, taxes,
assessments, water, utilities and similar charges; provided that if such Sale and Leaseback Transaction results in a Capital Lease, the amount of Debt represented thereby will be determined in accordance with the definition of “Capital
Lease.” 
 “Attorney Costs” means and includes all reasonable fees, expenses and disbursements of any law firm or
other external counsel. 
 “Authorizations” means all filings, recordings, and registrations with, and all validations or
exemptions, approvals, orders, authorizations, consents, franchises, licenses, certificates, and permits from, any Governmental Authority. 

“Availability Period” means the period from and including the Original Closing Date to the Maturity Date. 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the
applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 “Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate
in effect on such day, (b) the NYFRB Rate in effect on such day plus  1⁄2 of 1% per annum and (c) the Adjusted Eurodollar Rate for a one month
Interest Period on such day (or if such day 

  
 4 

 
is not a Business Day, the immediately preceding Business Day) plus 1% per annum, provided that, the Adjusted Eurodollar Rate for any day shall be based on the LIBOR Screen Rate (or, if
the LIBOR Screen Rate is not available for a maturity of one month but is available for periods both longer and shorter than such period, the Interpolated Rate) at approximately 11:00 a.m., London time, on such day. If the Base Rate is being used as
an alternate rate of interest pursuant to Section 3.03, then the Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above. Any
change in the Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted Eurodollar Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted Eurodollar Rate,
respectively. 
 “Base Rate Loan” means a Loan that bears interest based on the Base Rate. All Base Rate Loans shall be
denominated in Dollars. 
 “Benefit Arrangement” means, at any time, an employee benefit plan within the meaning of
Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by the Parent or any of its Subsidiaries. 

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of
ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the
assets of any such “employee benefit plan” or “plan”. 
 “Borrower” has the meaning specified in the
preamble hereto. 
 “Borrowing” means Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same
Interest Period made by each of the Lenders pursuant to Section 2.01. 
 “Business Day” means any
day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, New York City or the state where the Administrative Agent’s Office is located; provided that if
such day relates to any Eurodollar Rate Loan, such day must also be a day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market. 

“Capital Lease” means any lease of any property by the Parent or any of its Subsidiaries, as lessee, that should, in
accordance with GAAP (subject to Section 1.03(b)), be classified and accounted for as a capital lease on a consolidated balance sheet of the Parent and its Subsidiaries; the amount of obligations in respect of such lease
shall be the capitalized amount thereof determined in accordance with GAAP. For purposes of Section 7.01, a Capital Lease shall be deemed to be secured by a Lien on the property being leased and such property shall be
deemed to be owned by the lessee. 
 “Capital Stock” means shares of capital stock in a corporation, partnership interests
in a partnership, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any
such equity interest (other than any debt security which by its terms is convertible at the option of the holder into Capital Stock, to the extent such holder has not so converted such debt security). 

  
 5 

 “Cash Collateralize” means to pledge and deposit with or deliver to the
Administrative Agent, for the benefit of one or more of the L/C Issuers or the Lenders, as collateral for L/C Obligations or obligations of the Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances or, if the
Administrative Agent and the applicable L/C Issuer or L/C Issuers shall agree, in their sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the
applicable L/C Issuer or L/C Issuers. 
 “Cash Collateral”, in such context, shall have a meaning correlative to the
foregoing and shall include the proceeds of such Cash Collateral and other credit support. 
 “Cash Equivalents” means,
collectively, (a) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency thereof maturing within twelve (12) months from the date of acquisition thereof, (b) commercial paper maturing no
more than one hundred eighty (180) days from the date of creation thereof and currently having the highest rating obtainable from either S&P or Moody’s, (c) certificates of deposit maturing no more than one hundred eighty
(180) days from the date of creation thereof issued by commercial banks incorporated under the Laws of the United States, each having combined capital, surplus and undivided profits of not less than $500,000,000 and having a rating of
“A” or better by a nationally recognized rating agency; provided that the aggregate amount invested in such certificates of deposit shall not at any time exceed $5,000,000 for any one such certificate of deposit and $10,000,000 for
any one such bank, (d) time deposits maturing no more than thirty (30) days from the date of creation thereof with commercial banks or savings banks or savings and loan associations each having membership either in the FDIC or the deposits
of which are insured by the FDIC and in amounts not exceeding the maximum amounts of insurance thereunder and (e) money market investments, classified in accordance with GAAP as current assets, in money market investment programs registered
under the Investment Company Act of 1940 which are administered by reputable financial institutions having capital of at least $500,000,000 or having portfolio assets of at least $5,000,000,000 and the portfolios of which are limited to investments
of the character described in the foregoing subdivisions (a) through (d). 
 “Change in Law” means the occurrence,
after the Restatement Closing Date, 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 or
application thereof by any Governmental Authority, or (c) the making or issuance of any request, 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. 
 “Change of Control”
means the failure of (a) the Parent to own and control 100% of the Capital Stock of the Borrower, (b) the General Partner to be the sole general partner of, and to Control, the Parent or (c) Noble to own, directly or indirectly, at
least 50.1% of the Voting Stock of, and to Control, the General Partner. 

  
 6 

 “Code” means the Internal Revenue Code of 1986. 

“Commercial Operation Date” means the date on which a Qualified Project is substantially complete and commercially operable.

 “Commitment” means, (a) with respect to each Lender listed on Schedule 2.01, the amount set forth opposite
such Lender’s name on such Schedule, (b) with respect to any financial institution which becomes a Lender pursuant to Section 2.15, the amount of the Commitment extended by it as of the applicable Increase
Effective Date and (c) with respect to any assignee which becomes a Lender pursuant to Section 10.07(b), the amount of the transferor Lender’s Commitment assigned to it pursuant to
Section 10.07(b), in each case as such amount may be adjusted from time to time pursuant to this Agreement; provided that, if the context so requires, the term “Commitment” means the obligation of a
Lender to extend credit up to such amount to the Borrower hereunder. 
 “Compliance Certificate” means a certificate
substantially in the form of Exhibit C. 
 “Consenting Lender” has the meaning specified in
Section 2.16(a). 
 “Consolidated EBITDA” means, for any period, an amount equal to
(a) Consolidated Net Income for such period plus (b) to the extent deducted in determining Consolidated Net Income for such period and without duplication, the aggregate amount of (i) Consolidated Interest Charges, (ii) Taxes
based on or measured by income, profits, revenues or capital gains, (iii) depreciation and amortization expense, (iv) goodwill or other impairment charges and other non-cash charges, (v) non-recurring expenses, (vi) non-cash losses resulting from mark to market accounting of Swap Agreements, (vii) reasonable and customary out-of-pocket cash fees and expenses incurred in connection with the proposed or consummated incurrence or repayment of any Debt, Disposition, Investment or issuance of
Capital Stock in a public offering (in each case in a transaction not prohibited by this Agreement), in an aggregate annual amount for all such transactions not to exceed $15,000,000 and (viii) one-time
transaction expenses related to execution and delivery of this Agreement and the Transactions in an aggregate amount not to exceed $35,000,000, which will be added back in the fiscal year incurred, minus (c) to the extent included in
calculating such Consolidated Net Income for such period and without duplication, the aggregate amount of all non-cash items and non-recurring gains. For the purposes of
calculating Consolidated EBITDA, Consolidated Net Income and the expenses and other items described above shall be adjusted with respect to the portion of Consolidated Net Income and the portion of such expenses and other items which are
attributable to any non-wholly owned Subsidiaries of the Parent, to reflect only the Parent’s pro rata ownership interest in such Subsidiaries. The calculation of Consolidated EBITDA may be subject from
time to time to the pro forma adjustments described in Section 1.03(c). 
 “Consolidated Funded
Debt” means, as of any date of determination, the outstanding Debt of the Parent and its Subsidiaries on a consolidated basis, excluding Debt described in clauses (d) and (g) (but only to the extent the Debt being Guaranteed does not
constitute Consolidated Funded Debt) of the definition thereof. 

  
 7 

 “Consolidated Interest Charges” means, for any period determined on a
consolidated basis for the Parent and its Subsidiaries, all cash interest expense (including, without limitation, interest expense attributable to Capital Leases and all net payment obligations pursuant to interest rate Swap Contracts) for such
period, in accordance with GAAP. 
 “Consolidated Interest Coverage Ratio” means, as of the last day of each fiscal quarter
of the Parent, the ratio of (a) Consolidated EBITDA for the period of four consecutive fiscal quarters ending on such day to (b) Consolidated Interest Charges for the period of four consecutive fiscal quarters ending on such day. 

“Consolidated Leverage Ratio” means, as of the last day of any fiscal quarter of the Parent, the ratio of
(a) Consolidated Funded Debt on such day to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters ending on such day. 

“Consolidated Net Income” means, for any period, the net income of the Parent and its Subsidiaries for such period determined
on a consolidated basis in accordance with GAAP; provided that Consolidated Net Income shall not include (a) extraordinary gains or extraordinary losses, (b) net gains and losses in respect of dispositions of assets other than in
the ordinary course of business, (c) gains or losses attributable to write-ups or write-downs of assets, including hedging and derivative activities in the ordinary course of business, (d) the
cumulative effect of a change in accounting principles, all as reported in the Parent’s consolidated statement(s) of operations for the relevant period(s) prepared in accordance with GAAP, (e) the income or loss of any Person other than a
Subsidiary in which the Parent or any Subsidiary has an ownership interest, except to the extent that any such income has been actually received by the Parent or such Subsidiary in the form of cash dividends or similar cash distributions,
(f) the income or loss of, and any amounts referred to in clause (e) above paid to, any Subsidiary that is not wholly owned, directly or indirectly, by the Parent to the extent such income or loss or such amounts are attributable to the
noncontrolling interest in such Subsidiary and (g) any undistributed net income of a Subsidiary to the extent that the ability of such Subsidiary to make Restricted Payments to the Parent or another Subsidiary is, as of the date of
determination of Consolidated Net Income, restricted by its Organization Documents, any contractual obligation (other than this Agreement) or any applicable Law. 

“Consolidated Net Tangible Assets” means, at any date of determination, the total amount of consolidated assets of the Parent
and its Subsidiaries minus the value (net of any applicable reserves) of all goodwill, trade names, trademarks, patents and other intangible assets, all as set forth, or on a pro forma basis would be set forth, on the consolidated balance sheet of
the Parent and its Subsidiaries for the most recently ended fiscal quarter, in accordance with GAAP. 
 “Control” has the
meaning specified in the definition of “Affiliate.” 
 “Credit Extension” means each of the following: (a) a
Borrowing and (b) an L/C Credit Extension. 

  
 8 

 “Debt” means, as to any Person at a particular time, without duplication, all of
the following, whether or not included as Debt or liabilities in accordance with GAAP: 
 (a)    all obligations of such
Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 

(b)    the unreimbursed amount of all drafts drawn under any letters of credit; 

(c)    all obligations of such Person to pay the deferred purchase price of property or services (other than current
liabilities and trade payables incurred in the ordinary course of business in connection with the purchase of goods and services which are not greater than ninety (90) days past the due date therefor or which are being contested in good faith
by appropriate action and for which adequate reserves have been established in accordance with GAAP); 
 (d)    Debt
(excluding prepaid interest thereon) of another Person secured by a Lien on property owned or being purchased by such Person (including Debt arising under conditional sales or other title retention agreements), whether or not such debt shall have
been assumed by such Person or is limited in recourse; 
 (e)    Capital Leases; 

(f)    to the extent required to be included on the Parent’s consolidated balance sheet as debt or liabilities in
accordance with GAAP, Synthetic Lease Obligations; and 
 (g)    all Guarantees of such Person in respect of any of the
foregoing. 
 For all purposes hereof, the Debt of any Person shall include the Debt of any partnership or joint venture (other than a joint venture that is
itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer (provided, however, for the avoidance of doubt, as used in this sentence “joint venturer” shall not include a
limited partner in a limited partnership), unless such Debt is expressly made non-recourse to such Person. 

“Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy,
assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights
of creditors generally. 
 “Declining Lender” has the meaning specified in Section 2.16(a). 

“Default” means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the
passage of time, or both, would be an Event of Default. 
 “Default Rate” means, at any time, an interest rate equal to
(a) in the case of principal of any Loan, the interest rate then applicable to such Loan (inclusive of the Applicable Rate with respect thereto) plus two percent (2.00%) and (b) in the case of any other amount, the interest rate
then applicable to Base Rate Loans (inclusive of the Applicable Rate with respect thereto) plus two percent (2.00%). 

  
 9 

 “Defaulting Lender” means, subject to Section 2.17(b),
any Lender that (a) has failed to (i) fund all or any portion of the Loans required to be funded by it hereunder within two Business Days following the date such Loans were required to be funded hereunder unless such Lender notifies the
Administrative Agent and the Borrower 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, the L/C Issuers, the Swing Line Lenders or any other Lender any other amount required to be paid by it hereunder (including in respect of
its participation in L/C Obligations or Swing Line Loans) within two Business Days following the date when due, (b) has notified the Borrower, the Administrative Agent, the L/C Issuers, the Swing Line Lenders or any other Lender in writing, or
has made a public statement to the effect, that it does not intend to comply with its funding obligations hereunder (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 or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder
(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 Debtor Relief Law or Bail-In Action, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator,
assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a
capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of an Undisclosed Administration or 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 Undisclosed Administration or 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 2.17(b))
upon delivery of written notice of such determination to the Borrower, the L/C Issuers, the Swing Line Lenders and each Lender. 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale
and leaseback transaction) of any property by a Loan Party (including the Capital Stock of any Subsidiary), including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and
claims associated therewith. 

  
 10 

 “Dollar” and “$” mean lawful money of the United States. 

“EEA Financial Institution” means (a) any institution established in any EEA Member Country which is subject to the
supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any institution established in an EEA Member
Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent; 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Eligible Assignee” has the meaning specified in Section 10.07(h). 

“Environmental Laws” means any and all Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules,
judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the environment, including those
related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 
 “Environmental
Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), directly or indirectly resulting from or based upon (a) violation of
any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Substances, (c) exposure to any Hazardous Substances, (d) the release or threatened release of any Hazardous
Substances into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

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

“ERISA Group” means the Parent, any Subsidiary of the Parent and all members of a controlled group of corporations and all
trades or businesses (whether or not incorporated) under common control which, together with the Parent or any Subsidiary, are treated as a single employer under Section 414 of the Code or Section 4001(b)(i) of ERISA. 

“EU Bail-In Legislation Schedule” means the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“Eurodollar Rate” means, for any Interest Period for each Eurodollar Rate Loan, the London interbank offered rate as
administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for deposits in Dollars for a period equal in length to such Interest Period as displayed on pages LIBOR01 or LIBOR02 of the Reuters

  
 11 

 
screen that displays such rate (or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute page on such screen that displays such rate, or on the
appropriate page of such other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion) (in each case the “LIBOR Screen Rate”) at approximately
11:00 a.m., London time, two (2) Business Days prior to the first day of such Interest Period; provided that, if the LIBOR Screen Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement;
and provided, further, if the LIBOR Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”) with respect to Dollars, then the Eurodollar Rate shall be the Interpolated
Rate (provided, that, if any Interpolated Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement). 

“Eurodollar Rate Loan” means a Loan that bears interest at a rate of interest based on the Adjusted Eurodollar Rate
(excluding a Base Rate Loan bearing interest by reference to the Adjusted Eurodollar Rate by virtue of clause (c) of the definition of Base Rate). 

“Event of Default” has the meaning specified in Section 8.01. 

“Excluded Taxes” means any of the following Taxes imposed on or with respect to a Lender (including for purposes of this
definition, any L/C Issuer) or other Recipient or required to be withheld or deducted from a payment to a Recipient: (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes and branch profits Taxes, in each case,
(i) imposed as a result of such Recipient being organized under the Laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political
subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or
Commitment or otherwise under a Loan Document pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment or becomes a Lender hereunder (other than pursuant to an assignment request by the
Borrower under Section 10.16) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 3.01(b), amounts with respect to such Taxes were
payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply with
Section 3.01(f) and (d) any withholding Taxes imposed under FATCA. 
 “Existing Credit
Agreement” means this Agreement as in effect immediately prior to the Restatement Closing Date. 
 “Existing Maturity
Date” has the meaning specified in Section 2.16(a). 
 “Extension Effective Date” has
the meaning specified in Section 2.16(a). 
 “FATCA” means Sections 1471 through 1474 of the
Code, as of the Restatement Closing Date (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof, any agreements
entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such
Sections of the Code. 

  
 12 

 “Federal Funds Effective Rate” means, for any day, the weighted average (rounded
upwards, if necessary, to the next 1/100 of 1%) of the rates calculated by the NYFRB based on such day’s federal funds transactions by depositary institutions, as determined in such manner as the NYFRB shall set forth on its public website from
time to time, and published on the next succeeding Business Day by the NYFRB as the federal funds effective rate. 
 “Fee
Letters” means each Fee Letter, dated as of February 6, 2018, between the Administrative Agent and/or an Arranger, on the one hand, and the Parent and the Borrower, on the other hand. 

“Finco Subsidiary” means any wholly owned Subsidiary of the Parent or of the Borrower that (a) is formed exclusively for
the purpose of co-issuing Debt with the Parent or the Borrower and (b) does not own any assets other than assets relating to its existence and rights in respect of Debt
co-issued by such Subsidiary. 
 “Foreign Lender” means a Lender that is not a U.S.
Person. 
 “FRB” means the Board of Governors of the Federal Reserve System of the United States. 

“Fresh Water Services Agreements” means those certain Second Amended and Restated Fresh Water Services Agreements, dated
effective as of March 31, 2016, consisting of the Second Amended and Restated Agreement Terms and Conditions Relating to Fresh Water Services and updated as of March 31, 2016, and each Agreement Addendum thereto executed from time to time
by Noble or its Affiliates, the Borrower and one or more of its Subsidiaries, in each case, as amended by Amendment 01 thereto, effective as of September 1, 2016. 

“Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to the L/C Issuers, such
Defaulting Lender’s Pro Rata Share of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with
the terms hereof and (b) with respect to the Swing Line Lenders, such Defaulting Lender’s Pro Rata Share of the outstanding Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender’s participation obligation has
been reallocated to other Lenders. 
 “Fund” has the meaning specified in Section 10.07(h). 

“GAAP” means, subject to Section 1.03(b), generally accepted accounting principles in the United
States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles
as may be approved by a significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 

  
 13 

 “Gas Gathering Agreements” means those certain Second Amended and Restated Gas
Gathering Agreements, dated effective as of March 31, 2016, consisting of the Second Amended and Restated Agreement Terms and Conditions Relating to Gas Gathering Services and updated as of March 31, 2016, and each Agreement Addendum
thereto executed from time to time by Noble or its Affiliates, the Borrower and one or more of its Subsidiaries, in each case, as amended by Amendment 01 thereto, effective as of September 1, 2016. 

“General Partner” means Noble Midstream GP LLC, a Delaware limited liability company. 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof, any agency,
authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including
any supra-national bodies such as the European Union or the European Central Bank). 
 “Guarantee” means, as to any Person,
(a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Debt or other obligation payable or performable by another Person (the “primary obligor”) in any manner,
whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation, (ii) to purchase or lease
property, securities or services for the purpose of assuring the obligee in respect of such Debt or other obligation of the payment or performance of such Debt or other obligation, (iii) to maintain working capital, equity capital or any other
financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Debt or other obligation, or (iv) entered into for the purpose of assuring in any other manner the
obligee in respect of such Debt or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Debt or other
obligation of any other Person, whether or not such Debt or other obligation is assumed by such Person. The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or
portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as
a verb has a corresponding meaning. 
 “Guarantee Release Condition” means the requirement that either (a) (i)
Consolidated EBITDA for the period of four consecutive fiscal quarters ending on the last day of the most recently ended fiscal quarter or fiscal year for which financial statements have been delivered pursuant to
Section 6.01(a) or 6.01(b) exceeds $250,000,000 and (ii) the Consolidated Leverage Ratio is 3.75:1.00 or less as of the last day of such period or (b) the Parent or the Borrower has received at least one
Investment Grade Rating with a stable outlook or better. 
 “Guarantee Release Date” means the date on which the Guarantee
Release Condition has been satisfied. If clause (a) of the Guarantee Release Condition is satisfied, the Guarantee Release Date shall be the date on which the applicable financial statements have been delivered pursuant to
Section 6.01(a) or 6.01(b), and if clause (b) of the Guarantee Release Condition is satisfied, the Guarantee Release Date shall be the date on which the Borrower delivers the applicable notice required by
Section 6.01(h). 

  
 14 

 “Guarantee Agreement” means the Guarantee Agreement dated as of the Original
Closing Date, among the Guarantors and the Administrative Agent, as amended, restated, supplemented or otherwise modified from time to time. 

“Guarantors” means, collectively, the Parent, each direct or indirect wholly-owned Material Subsidiary existing on the
Original Closing Date, any other direct or indirect wholly-owned Material Subsidiary that becomes a Guarantor pursuant to Section 6.10, and any other Subsidiary of the Borrower that is a party to the Guarantee Agreement.

 “Hazardous Substances” means all explosive or radioactive substances or wastes and all hazardous or toxic
substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature
regulated pursuant to any Environmental Law. 
 “Increase Effective Date” has the meaning set forth in
Section 2.15(b). 
 “Indemnified Liabilities” has the meaning set forth in
Section 10.05(a). 
 “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed
on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Indemnitees” has the meaning set forth in Section 10.05(a). 

“Information” has the meaning set forth in Section 10.08. 

“Initial Financial Statements” means the consolidated balance sheet and the related consolidated statements of operations and
comprehensive income, changes in equity and cash flows of the Parent and its Subsidiaries on a consolidated basis as of and for the fiscal year ended December 31, 2017, audited by and accompanied by the opinion of KPMG LLC, independent
registered public accounting firm. 
 “Interest Payment Date” means (a) as to any Eurodollar Rate Loan, the last day
of each Interest Period applicable to such Loan and the Maturity Date; provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the respective dates that fall every three months after the
beginning of such Interest Period shall also be Interest Payment Dates; (b) as to any Base Rate Loan (other than a Swing Line Loan), the first Business Day of each January, April, July and October and the Maturity Date; and (c) as to any
Swing Line Loan, the day that such Loan is required to be repaid. 
 “Interest Period” means, with respect to any
Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one, two, three or six months or one week

  
 15 

 
thereafter, or such other periods as agreed to by all of the relevant Lenders, as selected by the Borrower in its Loan Notice; provided that: 

(a)    any Interest Period applicable to any Eurodollar Rate Loan which would otherwise end on a day that is not a
Business Day shall be extended to the next succeeding Business Day unless (other than in the case of an Interest Period of one week) such Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately
preceding Business Day; 
 (b)    any Interest Period (other than an Interest Period of one week) applicable to any
Eurodollar Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall, subject to the provisions of clause
(a) above, end on the last Business Day of the calendar month at the end of such Interest Period; and 

(c)    no Interest Period shall extend beyond the Maturity Date. 

“Interpolated Rate” shall mean, at any time, for any Interest Period, the rate per annum (rounded to the same number of
decimal places as the LIBOR Screen Rate) 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 LIBOR Screen Rate for the longest period for which the LIBOR Screen Rate is available for Dollars that is shorter than the Impacted Interest Period; and (b) the LIBOR Screen Rate for the shortest period (for which that Screen Rate
is available for dollars) that exceeds the Impacted Interest Period, in each case, at such time. 
 “Investment” means, as
to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of the Capital Stock of another Person, (b) an Acquisition or (c) a loan, advance or capital
contribution to, guarantee or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person and any
arrangement pursuant to which the investor guarantees Debt of such other Person. 
 “Investment Grade Rating” means a
Public Debt Rating of (a) a BBB- rating or higher from S&P or (b) a Baa3 rating or higher from Moody’s. 

“IRS” means the United States Internal Revenue Service. 

“ISP” has the meaning set forth in Section 2.03(g). 

“JPMorgan” means JPMorgan Chase Bank, N.A., and its successors. 

“Laws” means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 

  
 16 

 “L/C Advance” means, with respect to each Lender, such Lender’s funding of
its participation in any L/C Borrowing in accordance with its Pro Rata Share. 
 “L/C Borrowing” means an extension of
credit from an L/C Issuer resulting from a drawing under any Letter of Credit which has not been reimbursed by the Borrower on the date when made or refinanced as a Borrowing. 

“L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date
thereof, or the increase of the amount thereof. 
 “L/C Issuer Related Persons” means each L/C Issuer, together with its
Related Parties. 
 “L/C Issuers” means JPMorgan, Citibank, N.A., Bank of America, N.A., The Bank of Tokyo-Mitsubishi UFJ,
Ltd., a member of MUFG, a global financial group, Mizuho Bank, Ltd. and DNB Bank ASA, New York Branch, each in its capacity as an issuer of Letters of Credit hereunder, and any successor issuer of Letters of Credit hereunder. Each L/C Issuer may, in
its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such L/C Issuer, in which case the term “L/C Issuer” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate (it
being agreed that such L/C Issuer shall, or shall cause such Affiliate to, comply with the requirements of Section 2.03 with respect to such Letters of Credit). 

“L/C Obligations” means, as at any date of determination, the aggregate undrawn amount of all outstanding Letters of Credit
plus the aggregate of all Unreimbursed Amounts (including all L/C Borrowings). For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with
Section 1.07. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the
ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

“Lenders” means the Persons holding a Commitment, or if the Commitments have been terminated pursuant to
Section 8.02, Persons holding the outstanding Loans, if any, and, as the context requires, the Swing Line Lenders. 

“Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s
Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent. 

“Letter of Credit” means any standby letter of credit issued on or after the Original Closing Date hereunder. 

“Letter of Credit Application” means an application, an application and agreement, or other similar document in the nature of
an application required by the applicable L/C Issuer, for the issuance or amendment of a Letter of Credit, in the form from time to time in use by such L/C Issuer. 

  
 17 

 “Letter of Credit Expiration Date” means the day that is seven days prior to the
Stated Maturity Date (or, if such day is not a Business Day, the next preceding Business Day). 
 “Letter of Credit
Sublimit” means an amount equal to $150,000,000, as such amount may be reduced pursuant to Section 2.06. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Commitment. 

“LIBOR Screen Rate” has the meaning set forth in the definition of Eurodollar Rate. 

“Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other),
charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement, and any financing lease having substantially the same
economic effect as any of the foregoing). 
 “Loan” means an extension of credit by a Lender to the Borrower under
Article II in the form of a loan (including a Swing Line Loan). 
 “Loan Documents” means this Agreement, the
Restatement Agreement, each Note, the Guarantee Agreement, the Fee Letters, each agreement creating or perfecting rights in Cash Collateral, each joinder agreement referred to in Section 2.15(a) and each other document
executed by a Loan Party which contains a provision stating that it is a “Loan Document”. 
 “Loan Notice” means
a notice of (a) a Borrowing of Loans, (b) a conversion of Loans from one Type to the other or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which shall be substantially in the form
of Exhibit A-1. 
 “Loan Parties” means, collectively, the Borrower, the
Parent and the other Guarantors from time to time party to the Guarantee Agreement. 
 “Master Agreement” has the meaning
set forth in the definition of Swap Contract. 
 “Material Adverse Effect” means (a) a material adverse change in the
operations, business or financial condition of the Parent and its Subsidiaries, taken as a whole, (b) a material impairment of the ability of the Loan Parties, taken as a whole, to perform their payment obligations under the Loan Documents or
(c) a material adverse effect upon the legality, validity, binding effect or enforceability against the Loan Parties of the Loan Documents, taken as a whole. 

“Material Contracts” means (a) the Omnibus Agreement, (b) the Gas Gathering Agreements, (c) the Oil Gathering
Agreements, (d) the Oil Treating Agreements, (e) the Produced Water Services Agreements (f) the Fresh Water Services Agreements, and (g) any other documents, agreements or instruments entered into between Noble or its Affiliates,
on the one hand, and any Loan Party or Subsidiary, on the other hand, which, if breached, terminated or cancelled, could reasonably be expected to have a Material Adverse Effect. 

  
 18 

 “Material Debt” means Debt (other than the Loans) of the Parent and its
Subsidiaries, arising in one or more related or unrelated transactions, in an aggregate principal or face amount exceeding the Threshold Amount. 

“Material Disposition” means the Disposition by any Person, in a single transaction or in a series of related transactions,
of either (a) property or assets constituting a business unit or division of such Person to another Person or (b) a majority or greater of the Voting Stock of a Subsidiary of such Person to another Person, in each case whether or not
involving a merger or consolidation with such other Person. 
 “Material Plan” means, at any time, a Plan or Plans having
aggregate Unfunded Liabilities in excess of the Threshold Amount. 
 “Material Subsidiary” means any direct or indirect
domestic Subsidiary of the Parent for which (a) its assets and the assets of its consolidated Subsidiaries comprise more than 5% of the assets of the Parent and its Subsidiaries on a consolidated basis, or (b) its revenue and the revenue
of its consolidated Subsidiaries comprise more than 5% of the revenue of the Parent and its Subsidiaries on a consolidated basis, in each case determined on a consolidated basis in accordance with GAAP as of the end of or for the most recent fiscal
year. 
 “Materials” has the meaning specified in Section 6.01. 

“Maturity Date” means the earlier of (a) the Stated Maturity Date and (b) the effective date of any other
termination or cancellation of all Commitments or acceleration of all Loans under this Agreement. 
 “Maturity Extension
Request” has the meaning specified in Section 2.16(a). 
 “Midstream Drop Down
Acquisition” means the acquisition by any Loan Party or one or more of its Subsidiaries, in a single transaction or in a series of related transactions, of property or assets from Noble or its other Subsidiaries; provided that
(a) such acquisition shall be made for fair value (as reasonably determined by the chief financial officer, chief accounting officer or chief executive officer of the Parent) and (b) such acquisition is otherwise on terms and conditions
that are fair and reasonable to the Loan Parties and their Subsidiaries (as reasonably determined by the chief financial officer, chief accounting officer or chief executive officer of the Parent), taking into account the totality of the
relationship between the Parent and its Subsidiaries, on the one hand, and Noble and its other Subsidiaries, on the other. 

“Minimum Collateral Amount” means, at any time, an amount equal to 102% of the Fronting Exposure applicable to any Defaulting
Lender with respect to Letters of Credit issued and outstanding at such time. 
 “Moody’s” means Moody’s
Investors Service, Inc. and any successor thereto. 
 “Multiemployer Plan” means, at any time, an employee pension benefit
plan within the meaning of Section 3(37) or Section 4001(a)(3) of ERISA to which any member of the ERISA Group is then making or accruing an obligation to make contributions, or has within the preceding five plan years made contributions,
including for these purposes any Person which ceased to be a member of the ERISA Group during such five year period. 

  
 19 

 “Multiple Employer Plan” means a Plan which has two or more contributing
sponsors (including any member of the ERISA Group) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 

“Noble” means Noble Energy, Inc., a Delaware corporation. 

“Non-Consenting Lender” means any Lender that does not approve any consent, waiver or
amendment that (a) requires the approval of each Lender or all directly affected Lenders in accordance with the terms of Section 10.01 and (b) has been approved by the Required Lenders. 

“Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting
Lender at such time. 
 “Note” means a Revolving Note or a Swing Line Note. 

“NYFRB” means the Federal Reserve Bank of New York. 

“NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and
(b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if none of such rates are published for any day that is a Business Day, the
term “NYFRB Rate” means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received to the Administrative Agent from a Federal funds broker of recognized standing selected by it; provided, further, that
if any of the aforesaid rates shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, the Loan Parties arising
under any Loan Document or otherwise with respect to any Loan or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including
interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate of such Loan Party of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such
interest and fees are allowed claims in such proceeding. 
 “Oil Gathering Agreements” means those certain Second Amended
and Restated Crude Oil Gathering Agreements, dated effective as of March 31, 2016, consisting of the Second Amended and Restated Agreement Terms and Conditions Relating to Crude Oil Gathering Services and updated as of March 31, 2016, and
each Agreement Addendum thereto executed from time to time by Noble or its Affiliates, the Borrower and one or more of its Subsidiaries, in each case, as amended by Amendment 01 thereto, effective as of September 1, 2016. 

“Oil Treating Agreements” means those certain Third Amended and Restated Crude Oil Treating Agreements, dated effective as of
March 31, 2016, consisting of the Third Amended and Restated Agreement Terms and Conditions Relating to Crude Oil Treating Services and updated as of March 31, 2016, and each Agreement Addendum thereto executed from time to time by Noble
or its Affiliates, the Borrower and one or more of its Subsidiaries. 

  
 20 

 “Omnibus Agreement” means the Omnibus Agreement dated as of the Original Closing
Date, by and between Noble, Borrower and the other parties named therein. 
 “Organization Documents” means (a) with
respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any
limited liability company, the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other
applicable agreement of formation or organization and, if applicable, any certificate or articles of formation or organization of such entity. 

“Original Closing Date” means September 20, 2016. 

“Original Transactions” has the meaning assigned to the term “Transactions” in the Existing Credit Agreement. 

“Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection
between such Recipient (or an agent or affiliate thereof) and the jurisdiction imposing such Tax (other than connections arising from such Recipient 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 Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Taxes” means all present or future stamp, court, documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document except any such Taxes that are
Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 10.16). 

“Outstanding Amount” means (a) with respect to Loans on any date, the aggregate outstanding principal amount thereof
after giving effect to any borrowings and prepayments or repayments of such Loans occurring on such date; (b) with respect to Swing Line Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings
and prepayments or repayments of such Swing Line Loans occurring on such date; and (c) with respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on
such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of Credit or any reductions in the maximum amount available
for drawing under Letters of Credit taking effect on such date. 
 “Overnight Bank Funding Rate” means, for any day, the
rate comprised of both overnight federal funds and overnight Eurodollar borrowings by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on

  
 21 

 
its public website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate (from and after such date as the NYFRB shall commence to
publish such composite rate). 
 “Parent” has the meaning specified in the introductory paragraph hereto. 

“Participant” has the meaning specified in Section 10.07(d). 

“Participant Register” has the meaning specified in Section 10.07(d). 

“Partnership Agreement” means the First Amended and Restated Agreement of Limited Partnership of the Parent, effective as of
the Original Closing Date, as modified from time to time in a manner not prohibited by this Agreement. 
 “Patriot Act” has
the meaning set specified in Section 10.20. 
 “PBGC” means the Pension Benefit Guaranty
Corporation or any entity succeeding to any or all of its functions under ERISA. 
 “Pension Act” means the Pension
Protection Act of 2006. 
 “Pension Funding Rules” means the rules of the Code and ERISA regarding minimum required
contributions (including any installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in
effect prior to the Pension Act and, thereafter, Section 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 

“Pension Plan” means any employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer Plan) that is
maintained or is contributed to by any member of the ERISA Group and is either covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Plan” means at any time an employee pension benefit plan
(including a Multiple Employer Plan but excluding a Multiemployer Plan) which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained, or contributed to, by any
member of the ERISA Group for employees of any member of the ERISA Group or (ii) has at any time within the preceding five years been maintained, or contributed to, by any Person which was at such time a member of the ERISA Group for employees
of any Person which was at such time a member of the ERISA Group. 
 “Platform” has the meaning set forth in
Section 6.01. 
 “Prime Rate” means the rate of interest per annum publicly announced from time
to time by JPMorgan as its prime rate in effect at its principal office located in New York City. Each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective. 

  
 22 

 “Pro Rata Share” means, with respect to each Lender at any time, a fraction
(expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Commitment of such Lender at such time and the denominator of which is the amount of the Aggregate Commitment at such time;
provided that, if the commitment of each Lender to make Loans has been terminated pursuant to Section 8.02, then the Pro Rata Share of each Lender shall be determined based on the Pro Rata Share of such Lender
immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms hereof. When a Defaulting Lender shall exist, “Pro Rata Share” shall be calculated without including any Defaulting
Lender’s Commitment. 
 “Produced Water Services Agreements” means those certain Second Amended and Restated Produced
Water Services Agreements, dated effective as of March 31, 2016, consisting of the Second Amended and Restated Agreement Terms and Conditions Relating to Produced Water Services and updated as of March 31, 2016, and each Agreement Addendum
thereto executed from time to time by Noble or its Affiliates, the Borrower and one or more of its Subsidiaries, in each case, as amended by Amendment 01 thereto, effective as of September 1, 2016. 

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be
amended from time to time. 
 “Public Debt Ratings” means a rating by S&P and/or Moody’s of the Parent’s or
Borrower’s long-term senior unsecured non-credit enhanced debt for borrowed money. 

“Qualified Acquisition” means an Acquisition or an Investment in any Subsidiary (other than in the ordinary course of
business) by the Parent or any Subsidiary, the aggregate purchase price for which, when combined with the aggregate purchase price for all other Acquisitions or such Investments by the Parent or any Subsidiary over the trailing twelve
(12) month period, is greater than or equal to $25,000,000. 
 “Qualified Acquisition Period” means the period
beginning on the date the Parent or any Subsidiary consummates a Qualified Acquisition and ending on the last day of the second full fiscal quarter following the fiscal quarter in which such Qualified Acquisition occurred. 

“Qualified Project” means the construction or expansion of any capital project of the Parent or any of its Subsidiaries, the
aggregate capital cost of which exceeds $20,000,000. 
 “Qualified Project EBITDA Adjustments” shall mean, with respect to
each Qualified Project: 
 (a)    prior to the Commercial Operation Date of a Qualified Project (but including the
fiscal quarter in which such Commercial Operation Date occurs), a percentage (based on the then-current completion percentage of such Qualified Project) of an amount (determined by the Parent in good faith in a commercially reasonable manner and
certified by the chief financial officer of the General Partner, on behalf of the Parent, and approved by the 

  
 23 

 
Administrative Agent) equal to the projected Consolidated EBITDA of the Parent and its Subsidiaries attributable to such Qualified Project for the first twelve (12) month period following
the scheduled Commercial Operation Date of such Qualified Project (such amount to be determined based on customer commitments and related contracts in connection with such Qualified Project, the creditworthiness of the other parties to such
contracts, and projected revenues from such contracts, capital costs and expenses, scheduled Commercial Operation Date and other reasonable factors approved by the Administrative Agent), which may, at the Parent’s option, be added to actual
Consolidated EBITDA for the Parent and its Subsidiaries for the fiscal quarter in which construction of such Qualified Project commences and for each fiscal quarter thereafter until the Commercial Operation Date of such Qualified Project (including
the fiscal quarter in which such Commercial Operation Date occurs, but net of any actual Consolidated EBITDA of the Parent and its Subsidiaries attributable to such Qualified Project following such Commercial Operation Date); provided that if
the actual Commercial Operation Date does not occur by the scheduled Commercial Operation Date, then the foregoing amount shall be reduced, for quarters ending after the scheduled Commercial Operation Date to (but excluding) the first full quarter
after its actual Commercial Operation Date, by the following percentage amounts depending on the period of delay (based on the period of actual delay or then-estimated delay, whichever is longer): (i) 90 days or less, 0%, (ii) longer than 90 days,
but not more than 180 days, 25%, (iii) longer than 180 days but not more than 270 days, 50%, (iv) longer than 270 days but not more than 365 days, 75%, and (v) longer than 365 days, 100%; and 

(b)    thereafter, actual Consolidated EBITDA of the Parent and its Subsidiaries attributable to such Qualified Project
for each full fiscal quarter after the Commercial Operation Date, plus the amount determined in accordance with clause (a) above with respect to such Qualified Project for the fiscal quarters constituting the balance of the full four fiscal
quarter period following such Commercial Operation Date; provided that, in the event the actual Consolidated EBITDA of the Parent and its Subsidiaries attributable to such Qualified Project for any full fiscal quarter after the Commercial
Operation Date shall materially differ from the projected Consolidated EBITDA approved by Administrative Agent pursuant to clause (a) above for such fiscal quarter, the projected Consolidated EBITDA of the Parent and its Subsidiaries
attributable to such Qualified Project for any remaining fiscal quarters included in the foregoing calculation shall be redetermined in the same manner as set forth in clause (a) above, such amount to be approved by the Administrative Agent,
which may, at the Parent’s option, be added to actual Consolidated EBITDA for the Parent and its Subsidiaries for such fiscal quarters. 

Notwithstanding the foregoing: 

(A)    no such additions shall be allowed with respect to any Qualified Project unless: 

(1)    not later than 30 days (or such shorter time as the Administrative Agent may agree in its sole
discretion) prior to the delivery of any certificate required by Section 6.01(c) to the extent Qualified Project EBITDA Adjustments will be made to Consolidated EBITDA in determining compliance with
Section 7.02 as of the end of the applicable fiscal quarter covered by such certificate, the Parent shall have delivered to the Administrative Agent written pro forma projections of Consolidated EBITDA of the Parent and its
Subsidiaries attributable to such Qualified Project; and 

  
 24 

 (2)    prior to the date such certificate is required to be
delivered, the Administrative Agent shall have approved (such approval not to be unreasonably withheld) such projections and shall have received such other information and documentation as the Administrative Agent may reasonably request, all in form
and substance satisfactory to the Administrative Agent; 
 (B)    the aggregate amount of all Qualified
Project EBITDA Adjustments during any period shall be limited to 20% of the total actual Consolidated EBITDA of the Parent and its Subsidiaries for such period (which total actual Consolidated EBITDA shall be determined without including any
Qualified Project EBITDA Adjustments); and 
 (C)    for the avoidance of doubt, the foregoing
Consolidated EBITDA adjustments shall be adjusted with respect to the portion of Consolidated EBITDA which would be attributable to any non-wholly owned Subsidiaries of the Parent to reflect only the
Parent’s pro rata ownership interest in such Subsidiaries. 
 “Recipient” means (a) the Administrative Agent,
(b) any Lender and (c) any L/C Issuer, as applicable. 
 “Register” has the meaning set forth in
Section 10.07(c). 
 “Reimbursement Date” has the meaning set forth in
Section 2.03(c)(i). 
 “Related Parties” means, with respect to any Person, such Person’s
Affiliates and the partners, members, directors, officers, employees, agents, trustees and advisors of such Person and of such Person’s Affiliates. 

“Request for Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Loans, a Loan
Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice. 

“Required Lenders” means, as of any date of determination, Lenders holding in the aggregate greater than 50% of the sum of
the unused Commitments and Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Lender for purposes of this
definition); provided that the Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 

“Responsible Officer” means, with respect to any Person, the chief executive officer, president, executive vice president,
senior vice president, chief financial officer, principal accounting officer, treasurer or assistant treasurer of such Person; provided that, when such term is used in reference to any document executed by, or a certification of, a
Responsible Officer, the secretary or assistant secretary of such Person shall have delivered an incumbency certificate to the Administrative Agent as to the authority of such individual. Any document delivered hereunder on behalf of the Parent may
be signed by a Responsible Officer of the General Partner, on behalf of the Parent. 

  
 25 

 “Restatement Agreement” means the Amendment and Restatement Agreement, dated as
of March 9, 2018, among the Parent, the Borrower, the other Loan Parties, the Lenders party thereto, the L/C Issuers party thereto, the Swing Line Lenders party thereto and the Administrative Agent. 

“Restatement Closing Date” has the meaning assigned to such term in the Restatement Agreement. 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to
Capital Stock of a Loan Party or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or
termination of any such Capital Stock or on account of any return of capital to a Loan Party’s stockholders, partners or members (or the equivalent Person thereof), or any setting apart of funds or assets for any of the foregoing. 

“Revolving Note” means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender,
substantially in the form of Exhibit B-1. 
 “S&P” means S&P Global
Ratings, a division of S&P Global Inc., and any successor thereto. 
 “Sale and Leaseback Transaction” means any
arrangement relating to property owned by the Parent or any of its Subsidiaries whereby the Parent or such Subsidiary sells or transfers any property to any Person and thereafter rents or leases such property, or other property that it intends to
use for substantially the same purpose or purposes as the property being sold or transferred, from such Person or its Affiliates. 

“Sanctioned Country” means, at any time, a country, region or territory which itself is, or whose government is, the subject
or target of any Sanctions (as of the Restatement Closing Date, Crimea, Cuba, Iran, North Korea, Sudan and Syria). 
 “Sanctioned
Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the United
Nations Security Council, Global Affairs Canada, the European Union, any EU member state or Her Majesty’s Treasury of the United Kingdom, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person
controlled by any such Person or Persons, in each case, to the extent dealings are prohibited or restricted with such Person under Sanctions. 

“Sanctions” 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 the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the Government of Canada, the
European Union, any EU member state or Her Majesty’s Treasury of the United Kingdom. 

  
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 “Solvent” means, with respect to any Person as of a particular date, that on
such date (a) such Person is able to pay its debts and other liabilities, contingent obligations and other commitments as they mature in the normal course of business, (b) such Person does not intend to, and does not believe that it will,
incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities mature in their ordinary course, (c) such Person is not engaged in a business or a transaction, and is not about to engage in a business or a
transaction, for which such Person’s assets would constitute unreasonably small capital after giving due consideration to the prevailing practice in the industry in which such Person is engaged or is to engage, (d) the fair value of the
assets of such Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person and (e) the present fair saleable value of the assets of such Person is not less than the amount that
will be required to pay the probable liability of such Person on its debts as they become absolute and matured. In computing the amount of contingent liabilities at any time, it is intended that such liabilities will be computed as the amount which,
in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

“Stated Maturity Date” means the date that is the five year anniversary of the Restatement Closing Date, or the applicable
anniversary thereof as determined in accordance with Section 2.16. 
 “Statutory Reserve Rate”
means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentage (including any marginal, special, emergency or supplemental
reserves) expressed as a decimal established by the Board to which the Administrative Agent is subject with respect to the Adjusted Eurodollar Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in
Regulation D of the FRB). Such reserve percentage shall include those imposed pursuant to such Regulation D. Eurodollar Rate Loans shall be deemed to constitute eurocurrency funding and 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 such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of
any change in any reserve percentage. 
 “Subsidiary” of a Person means a corporation, partnership, joint venture, limited
liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power
only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise Controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise
specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Parent. 

“Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate
transactions, commodity swaps, commodity options, 

  
 27 

 
forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions,
interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, futures contracts traded on
or subject to the rules of a designated contract market, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or
subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps
and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, any North American Energy Standard Board Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a
“Master Agreement”), including any such obligations or liabilities under any Master Agreement. 
 “Swap Termination
Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts
have been closed out and termination value(s) determined in accordance therewith, such termination value(s) and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the
mark-to-market value(s) for such Swap Contracts, as determined based upon the average of at least two mid-market or other readily
available commercially reasonable quotations provided by any leading dealer in such Swap Contracts (one of which may be a Lender or an Affiliate of a Lender). 

“Swing Line Borrowing” means a Borrowing of a Swing Line Loan pursuant to Section 2.04. 

“Swing Line Exposure” means, with respect to any Lender, the sum of (a) such Lender’s Pro Rata Share of the
Outstanding Amount of all Swing Line Loans (excluding, in the case of any Swing Line Lender, the Outstanding Amount of Swing Line Loans made by it to the extent the other Lenders shall not have funded their participations in such Swing Line Loans),
adjusted to give effect to any reallocation under Section 2.17 of the Swing Line Exposures of Defaulting Lenders in effect at such time, plus (b) in the case of any Swing Line Lender, the Outstanding Amount of all
Swing Line Loans made by it to the extent that the other Lenders shall not have funded their participations in such Swing Line Loans. 

“Swing Line Lenders” means JPMorgan, Citibank, N.A. and Bank of America, N.A., each in its capacity as provider of Swing Line
Loans, or any successor swing line lender hereunder. 
 “Swing Line Loan” has the meaning specified in
Section 2.04(a). 
 “Swing Line Loan Notice” means a notice of a Borrowing of Swing Line Loans,
which, if in writing, shall be substantially in the form of Exhibit A-2. 

  
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 “Swing Line Note” means a promissory note made by the Borrower in favor of a
Swing Line Lender evidencing Swing Line Loans made by such Swing Line Lender, substantially in the form of Exhibit B-2. 

“Swing Line Sublimit” means an amount equal to $60,000,000, as such amount may be reduced pursuant to
Section 2.06. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitment. 

“Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a
so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on
the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding),
assessments, fees or other charges imposed by any Governmental Authority, including any interest, fines, additions to tax or penalties applicable thereto. 

“Threshold Amount” means the greater of (a) $70,000,000 or (b) 10% of the Aggregate Commitment; provided, such amount
shall not exceed $100,000,000. 
 “Total Outstandings” means the aggregate Outstanding Amount of all Loans (including Swing
Line Loans) and all L/C Obligations. 
 “Transactions” means, collectively, (a) the execution, delivery and
performance of this Agreement and the other Loan Documents, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder, (b) the payment of fees and expenses in connection with the foregoing and
(c) the other Original Transactions. 
 “Type” means, with respect to a Loan, its character as a Base Rate Loan or a
Eurodollar Rate Loan. 
 “Undisclosed Administration” means, with respect to any Lender or its direct or indirect parent
company, the appointment of an administrator or other similar supervisory official by a supervisory authority or regulator pursuant to the law of the country where such Lender or parent company, as applicable, is subject to home jurisdiction
supervision if the applicable law of such country requires that such appointment not be publicly disclosed (and such appointment has not been publicly disclosed). 

“Unfunded Liabilities” means, with respect to any Plan at any time, the amount (if any) by which (a) the value of all
benefit liabilities under such Plan, determined on a plan termination basis using the assumptions prescribed by the PBGC for purposes of Section 4044 of ERISA, exceeds (b) the fair market value of all Plan assets allocable to such
liabilities under Title IV of ERISA (excluding any accrued but unpaid contributions), all 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 a member of the
ERISA Group to the PBGC or any other Person under Title IV of ERISA. 

  
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 “United States” and “U.S.” mean the United States of America.

 “Unreimbursed Amount” has the meaning set forth in Section 2.03(c)(i). 

“U.S. Person” means any Person that is a “United States person” as defined in Section 7701(a)(30) of the Code.

 “U.S. Tax Compliance Certificate” has the meaning set forth in Section 3.01(f). 

“Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled (without
regard to the occurrence of any contingency) to vote in the election of the Board of Directors (or similar governing body) of such Person. 

“Withholding Agent” means any Loan Party and the Administrative Agent. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 
 1.02    Other Interpretive Provisions.
With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 

(a)    The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms. 

(b)    (i) The words “herein,” “hereto,” “hereof” and “hereunder” and words of
similar import when used in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof. 

(ii)    Article, Section, Exhibit and Schedule references are to the Loan Document in which such reference
appears. 
 (iii)    The term “including” is by way of example and not limitation. 

(iv)    The term “documents” includes any and all instruments, documents, agreements,
certificates, notices, reports, financial statements and other writings, however evidenced, whether in physical or electronic form. 

(v)    The word “will” shall be construed to have the same meaning and effect as the word
“shall.” 
 (vi)    Unless the context requires otherwise, any reference herein to any Person
shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignment set forth herein). 

  
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 (vii)    The words “asset” and “property”
shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

(c)    In the computation of periods of time from a specified date to a later specified date, the word “from”
means “from and including”; the words “to” and “until” each mean “to but excluding”; and the word “through” means “to and including.” 

(d)    Section headings herein and in the other Loan Documents are included for convenience of reference only and shall
not affect the interpretation of this Agreement or any other Loan Document. 
 1.03    Accounting Terms.

 (a)    All accounting terms not specifically or completely defined herein shall be construed in conformity with, and
all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time. 

(b)    If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in
any Loan Document, and either the Parent, the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders, the Parent and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the
original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such
change therein and (ii) the Parent shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between
calculations of such ratio or requirement made before and after giving effect to such change in GAAP. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, for purposes of calculations made pursuant to the terms of
this Agreement or any other Loan Document, (A) 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 as in effect on
December 31, 2015 in a manner consistent with the treatment of such leases under generally accepted accounting principles in the United States as in effect on December 31, 2015, notwithstanding any modifications or interpretive changes
thereto that may occur thereafter, and (B) all terms of an accounting or financial nature used herein shall be construed without giving effect to (1) any election under Financial Accounting Standards Board Accounting Standards Codification
825 (or any other Accounting Standards Codification having a similar result or effect) (and related interpretations) to value any Indebtedness at “fair value”, as defined therein, and (2) any treatment of Debt in respect of
convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) (and related
interpretations) to value any such Debt in a reduced or bifurcated manner as described therein, and such Debt shall at all times be valued at the full stated principal amount thereof. 

  
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 (c)    Calculations. Notwithstanding anything in this Agreement to the
contrary: 
 (i)    For purposes of calculating compliance with the financial covenants set forth in
Section 7.02, with respect to all Acquisitions, Investments in Subsidiaries and Material Dispositions, Consolidated EBITDA, Consolidated Interest Charges and Consolidated Funded Debt with respect to such newly acquired or
Disposed assets shall be calculated on a pro forma basis as if such Acquisition, Investment or Material Disposition had occurred at the beginning of the applicable twelve month period of determination. 

(ii)    For purposes of calculating compliance with the financial covenants set forth in
Section 7.02, Consolidated EBITDA may include, at the Parent’s option, any Qualified Project EBITDA Adjustments as provided in the definition thereof. 

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

1.06    Times of Day. Unless otherwise specified, all references herein to times of day shall be references
to Eastern time (daylight or standard, as applicable). 
 1.07    Letter of Credit Amounts. Unless
otherwise specified, all references herein to the amount of a Letter of Credit at any time shall be deemed to mean the maximum face amount of such Letter of Credit after giving effect to all increases thereof contemplated by such Letter of Credit or
the Letter of Credit Application therefor, whether or not such maximum face amount is in effect at such time. 
 ARTICLE II 

THE COMMITMENTS AND BORROWINGS 

2.01    The Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to
make loans to the Borrower from time to time, in Dollars, on any Business Day during the Availability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided,
however, that after giving effect to any Borrowing (a) the Total Outstandings shall not exceed the Aggregate Commitment and (b) the aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Pro

  
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Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Swing Line Exposure shall not exceed such Lender’s Commitment. Within the limits of each Lender’s
Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this
Section 2.01. Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. 

2.02    Borrowings, Conversions and Continuations of Loans. 

(a)    Each Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurodollar Rate Loans
shall be made upon the Borrower’s delivery to the Administrative Agent of an irrevocable written Loan Notice, appropriately completed and signed by or on behalf of the Borrower, which may be delivered via facsimile. Each such notice must be
received by the Administrative Agent not later than (i) 1:00 p.m. three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate
Loans, and (ii) 11:00 a.m. on the requested date of any Borrowing of Base Rate Loans. Each Borrowing and each conversion or continuation of Loans shall be in an aggregate principal amount of $2,000,000 or a whole multiple of $500,000 in excess
thereof. Each Loan Notice shall specify (iii) whether the Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Eurodollar Rate Loans, (iv) the requested date of the Borrowing,
conversion or continuation, as the case may be (which shall be a Business Day), (v) the principal amount of Loans to be borrowed, converted or continued, (vi) the Type of Loans to be borrowed or to which existing Loans are to be converted
and (vii) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify a Type of Loan in a Loan Notice with respect to a Borrowing or, with respect to any outstanding Eurodollar Rate Loans, if the
Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be effective as of the last day of
the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any such Loan Notice, but fails to specify an Interest
Period, it will be deemed to have specified an Interest Period of one month. 
 (b)    Following receipt of a Loan
Notice with respect to a Borrowing, the Administrative Agent shall promptly notify each Lender of the amount of its Pro Rata Share of the applicable Borrowing, and if no timely notice of a conversion or continuation is provided by the Borrower, the
Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans described in the preceding Section. Each Lender shall make the amount of the applicable Loan available to the Administrative Agent in
immediately available funds at the Administrative Agent’s Office not later than 2:00 p.m. on the Business Day specified in the applicable Loan Notice. Upon satisfaction of the applicable conditions set forth in
Section 4.02 (and, if such Borrowing is the initial Credit Extension, Sections 4.01 and 4.02), the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by
the Administrative Agent either by (i) crediting the account of the Borrower on the books of JPMorgan with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and
reasonably acceptable to) the Administrative Agent by the Borrower; provided, however, that if, on the date the Loan Notice 

  
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with respect a Borrowing is given by the Borrower, there are L/C Borrowings outstanding as to which the Administrative Agent shall have received written notice from the applicable L/C Issuer,
then the proceeds of such Borrowing shall be applied, first, to the payment in full of any such L/C Borrowings and second, subject to Section 2.07(b), be made available to the Borrower as provided above. 

(c)    Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the last day of
an Interest Period for such Eurodollar Rate Loan. During the existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans without the consent of the Required Lenders. 

(d)    The determination of the Adjusted Eurodollar Rate by the Administrative Agent shall be conclusive in the absence of
manifest error. 
 (e)    After giving effect to all Borrowings, all conversions of Loans from one Type to the other,
and all continuations of Loans as the same Type, there shall not be more than ten Interest Periods in effect with respect to Eurodollar Rate Loans. 

2.03    Letters of Credit. 

(a)    The Letter of Credit Commitment. 

(i)    Subject to the terms and conditions set forth herein, (A) each L/C Issuer severally agrees, in
reliance upon the agreements of the other Lenders set forth in this Section 2.03, from time to time on any Business Day during the period from the Original Closing Date until the Letter of Credit Expiration Date, to issue
Letters of Credit for the account of the Borrower or, so long as the Borrower is a joint and several co-applicant with respect thereto, the account of any of its Subsidiaries (or, if the applicable L/C Issuer
agrees, any joint venture of the Borrower or any of its Subsidiaries), and to amend or extend Letters of Credit previously issued by it, in accordance with Section 2.03(b); and (B) the Lenders severally agree to
participate in Letters of Credit issued for the account of the Borrower or any of its Subsidiaries; provided that no L/C Issuer shall be obligated to make any L/C Credit Extension that would (1) result in the Outstanding Amount of the
L/C Obligations with respect to Letters of Credit issued by it to exceed $25,000,000 (or, with respect to any L/C Issuer, such other amount as may be agreed to in writing by such L/C Issuer and the Borrower, so long as a written notice thereof shall
have been provided to the Administrative Agent) or (2) result in the Outstanding Amount of the L/C Obligations with respect to Letters of Credit issued by the L/C Issuers to exceed the Letter of Credit Sublimit; and provided
further that no L/C Issuer shall be obligated to make any L/C Credit Extension with respect to any Letter of Credit, and no Lender shall be obligated to participate in any Letter of Credit with respect to such L/C Credit Extension, if as of
the date of such L/C Credit Extension and after giving effect thereto (x) the Total Outstandings would exceed the Aggregate Commitment and (y) the aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Pro Rata
Share of the Outstanding Amount of all L/C Obligations, plus such 

  
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Lender’s Swing Line Exposure would exceed such Lender’s Commitment. The Borrower unconditionally and irrevocably agrees that, in connection with any Letter of Credit issued for the
account of any Subsidiary (or any joint venture of the Borrower or any of its Subsidiaries) as provided above, it will be fully responsible for the reimbursement of all drawings thereunder, the payment of interest thereon and the payment of fees due
under Sections 2.03(h) and 2.03(i) to the same extent as if it were the sole account party in respect of such Letter of Credit. Within the foregoing limits, and subject to the terms and conditions hereof, the
Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and
reimbursed. 
 (ii)    No L/C Issuer shall be under any obligation to issue any Letter of Credit and, in
the case of clauses (B), (C) and (E)(2) below no L/C Issuer shall issue any Letter of Credit, if: 

(A)    any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms
purport to enjoin or restrain such L/C Issuer from issuing such Letter of Credit, or any Law applicable to such L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over
such L/C Issuer shall prohibit, or request that such L/C Issuer refrain from, the issuance of Letters of Credit generally or such Letter of Credit in particular or shall impose upon such L/C Issuer with respect to such Letter of Credit any
restriction, reserve or capital requirement (for which such L/C Issuer is not otherwise compensated hereunder) not in effect on the Original Closing Date, or shall impose upon such L/C Issuer any unreimbursed loss, cost or expense which was not
applicable on the Original Closing Date and which such L/C Issuer in good faith deems material to it; 

(B)    subject to Section 2.03(b)(iii), the expiry date of such requested Letter
of Credit would occur more than twelve months after the date of issuance or last renewal, unless the Required Lenders have approved such expiry date; 

(C)    the expiry date of such requested Letter of Credit would occur after the Letter of Credit
Expiration Date, unless all the Lenders have approved such expiry date; 
 (D)    the issuance of such
Letter of Credit would violate one or more policies of such L/C Issuer; or 
 (E)    such Letter of
Credit is (1) in an initial amount less than $100,000, (2) is to be denominated in a currency other than Dollars, or (3) is to be issued for a purpose other than to support surety bonds (including

  
 35 

 
appeal bonds), worker’s compensation requirements and other general corporate purposes of the Borrower and its Subsidiaries (or, in the case of any Letter of Credit issued for the account of
any joint venture of the Borrower or any of its Subsidiaries, general corporate purposes of such joint venture). 

(iii)    No L/C Issuer shall be under any obligation to, and in the case of clauses (B), (C),
(E)(2) and (E)(3) no L/C Issuer shall, amend any Letter of Credit if such L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under Section 2.03(a)(ii). 

(iv)    No L/C Issuer shall be under any obligation to amend any Letter of Credit if the beneficiary of
such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 
 (b)    Procedures for Issuance
and Amendment of Letters of Credit; Auto-Renewal Letters of Credit. 
 (i)    Each Letter of Credit shall
be issued or amended, as the case may be, upon the request of the Borrower delivered to an L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by or on behalf of the
Borrower. Such Letter of Credit Application must be received by such L/C Issuer and the Administrative Agent not later than 12:00 noon at least two Business Days (or such later date and time as such L/C Issuer may agree in a particular instance in
its sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail
satisfactory to such L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary
thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (G) such other matters
as such L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the an L/C Issuer (1) the Letter of Credit to be
amended; (2) the proposed date of amendment thereof (which shall be a Business Day); (3) the nature of the proposed amendment; and (4) such other matters as such L/C Issuer may require. 

(ii)    Promptly after receipt of any Letter of Credit Application, the applicable L/C Issuer will confirm
with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower and, if not, the Borrower will provide the Administrative Agent with a copy thereof
promptly upon the Administrative Agent’s request therefor. Unless such L/C Issuer has received written notice from any Lender, the Administrative Agent or the Borrower, at least one Business Day

  
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prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Article IV shall not be satisfied, then, upon
receipt by such L/C Issuer of confirmation from the Administrative Agent that the requested issuance or amendment is permitted by the provisos set forth in the first sentence of Section 2.03(a)(i), subject to the terms and
conditions hereof, such L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the Borrower or any of its Subsidiaries (or, if such L/C Issuer agrees, any joint venture of the Borrower or any of its Subsidiaries) or
enter into the applicable amendment, as the case may be, in each case in accordance with such L/C Issuer’s usual and customary business practices. Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and
hereby irrevocably and unconditionally agrees to, purchase from such L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Letter of Credit. 

(iii)    If the Borrower so requests in any applicable Letter of Credit Application, the applicable L/C
Issuer may, in its sole and absolute discretion, agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that
any such Auto-Extension Letter of Credit must permit such L/C Issuer to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary
thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by such
L/C Issuer, the Borrower shall not be required to make a specific request to such L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) the
applicable L/C Issuer to permit the extension of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that such L/C Issuer shall not permit any such extension if
(A) such L/C Issuer has determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of
Section 2.03(a) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is seven Business Days before the Non-Extension
Notice Date (1) from the Administrative Agent that the Required Lenders have elected not to permit such extension or (2) from the Administrative Agent, any Lender or the Borrower that one or more of the applicable conditions specified in
Section 4.02 is not then satisfied and in each such case directing such L/C Issuer not to permit such extension. 

(iv)    Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an
advising bank with respect thereto or to the beneficiary thereof, the applicable L/C Issuer will also deliver to the Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment or a report containing
information with respect thereto, including the face amount of such Letter of Credit, the date of issuance or amendment and such other information as may be required by the Administrative Agent. 

  
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 (c)    Drawings and Reimbursements; Funding of Participations. 

(i)    Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such
Letter of Credit, the applicable L/C Issuer shall notify the Borrower and the Administrative Agent thereof. The Borrower shall reimburse such L/C Issuer through the Administrative Agent by paying an amount equal to the amount of any drawing under a
Letter of Credit not later than (A) if the Borrower shall have received notice of such drawing prior to 10:00 a.m. on any Business Day, then 2:00 p.m. on such Business Day or (B) otherwise, 11:00 a.m. on the Business Day immediately
following the day that the Borrower receives such notice (each such date for reimbursement, a “Reimbursement Date”). If the Borrower fails to so reimburse such L/C Issuer by such time, the Administrative Agent shall promptly notify
each Lender of the Reimbursement Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Lender’s Pro Rata Share thereof. In such event, the Borrower shall be deemed to have requested a
Borrowing of Base Rate Loans to be disbursed on the Reimbursement Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base
Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Commitment and the conditions set forth in Section 4.02 (other than the delivery of a Loan Notice). Any notice given by an L/C Issuer or the
Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect
the conclusiveness or binding effect of such notice. 
 (ii)    Each Lender (including the Lender acting
as the applicable L/C Issuer) shall upon any notice pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent for the account of such L/C Issuer at the Administrative Agent’s Office
in an amount equal to its Pro Rata Share of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of
Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to such L/C Issuer.

 (iii)    With respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of Base
Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the applicable L/C Issuer an L/C Borrowing in the amount of the
Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Lender’s payment to the Administrative Agent for the
account of such L/C Issuer pursuant to 

  
 38 

 
Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of
its participation obligation under this Section 2.03. 
 (iv)    Until each
Lender funds its Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the applicable L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Pro Rata Share of such
amount shall be solely for the account of such L/C Issuer. 
 (v)    Each Lender’s obligation to
make Loans or L/C Advances to reimburse an L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance,
including (A) any set-off, counterclaim, recoupment, defense or other right which such Lender may have against such L/C Issuer, the Borrower or any other Person for any reason whatsoever; (B) the
occurrence or continuance of a Default; (C) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other agreement or instrument relating thereto; (D) the existence of any claim, counterclaim, set-off, defense or other right that such Lender may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be
acting), such L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; (E) any
draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in
the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit; (F) any payment by such L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does not comply
with the terms of such Letter of Credit, or any payment made by such L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy,
debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such
Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; (G) any reduction or termination of the Commitments; (H) any force majeure or other event that under any rule of law or uniform
practices to which any Letter of Credit is subject (including Section 3.14 of ISP) permits a drawing to be made under such Letter of Credit after the expiration thereof or of the Commitments; or (I) any other occurrence, event or
condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation to make Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in
Section 4.02 (other than delivery by the Borrower of a Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse an L/C Issuer for the amount of any payment
made by such L/C Issuer under any Letter of Credit, together with interest as provided herein. 

  
 39 

 (vi)    If any Lender fails to make available to the
Administrative Agent for the account of any L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in
Section 2.03(c)(ii), such L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is
required to the date on which such payment is immediately available to such L/C Issuer at a rate per annum equal to the greater of the Federal Funds Effective Rate and a rate determined by such L/C Issuer in accordance with banking industry rules on
interbank compensation, plus any administrative, processing or similar fees customarily charged by such L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall
constitute such Lender’s Loan included in the relevant Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of any L/C Issuer submitted to any Lender (through the Administrative Agent) with
respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error. 

(d)    Repayment of Participations. 

(i)    At any time after an L/C Issuer has made a payment under any Letter of Credit and has received from
any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related
Unreimbursed Amount or interest thereon (whether directly from the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata Share
thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. 

(ii)    If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to
Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its discretion),
each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is paid by such Lender,
at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. 

  
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 (e)    Obligations Absolute. The obligation of the Borrower to
reimburse each L/C Issuer for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all
circumstances, including the following: 
 (i)    any lack of validity or enforceability of such Letter
of Credit, this Agreement, or any other agreement or instrument relating thereto (including the occurrence of any force majeure or other event that under any rule of law or uniform practices to which any Letter of Credit is subject (including
Section 3.14 of ISP) permits a drawing to be made under such Letter of Credit after the expiration thereof or of the Commitments); 

(ii)    the existence of any claim, counterclaim, set-off, defense
or other right that the Borrower may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), such L/C Issuer or any other Person, whether
in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

(iii)    any draft, demand, certificate or other document presented under such Letter of Credit proving to
be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such
Letter of Credit; 
 (iv)    any payment by such L/C Issuer under such Letter of Credit against
presentation of a draft or certificate that does not comply with the terms of such Letter of Credit; or any payment made by such L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter
of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or 

(v)    any other circumstance or happening whatsoever, whether or not similar to any of the foregoing,
including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower. 
 The Borrower
shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the Borrower’s instructions or other irregularity, the Borrower will immediately
notify the applicable L/C Issuer. The Borrower shall be conclusively deemed to have waived any such claim against such L/C Issuer and its correspondents unless such notice is given as aforesaid. 

(f)    Role of L/C Issuers. Each Lender and the Borrower agree that, in paying any drawing under a Letter of
Credit, the applicable L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy
of any such document or the authority of the Person executing or delivering any such document. None of any L/C Issuer, any L/C Issuer Related Person or any of the respective correspondents, participants or assignees of any L/C Issuer shall be liable
to any Lender for (i) any action taken 

  
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or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in the absence of gross
negligence or willful misconduct (with such absence to be presumed unless otherwise determined by a court of competent jurisdiction in a final and nonappealable judgment); or (iii) the due execution, effectiveness, validity or enforceability of
any document or instrument related to any Letter of Credit or Letter of Credit Application. The Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit;
provided, however, that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of
any L/C Issuer, any L/C Issuer Related Person, any of the respective correspondents, participants or assignees of any L/C Issuer or any Lender shall be liable or responsible to the Borrower for any of the matters described in clauses
(i) through (v) of Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrower may have a claim against an L/C Issuer, and such L/C Issuer may be liable to
the Borrower, to the extent, but only to the extent, of any direct, as opposed to special, indirect, consequential, punitive or exemplary, damages suffered by the Borrower which damages have been determined by a final
non-appealable judgment of a court of competent jurisdiction to have been caused by such L/C Issuer’s willful misconduct or gross negligence. In furtherance and not in limitation of the foregoing, each
L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and such L/C Issuer shall not be responsible for the validity or
sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any
reason. 
 (g)    Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer and the
Borrower when a Letter of Credit is issued, the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time
of issuance) (the “ISP”) shall apply to each Letter of Credit. 
 (h)    Letter of Credit Fees.
The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Pro Rata Share a Letter of Credit fee for each Letter of Credit equal to the Applicable Rate times the daily maximum amount available to be
drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit). Such Letter of Credit fees shall be computed on a quarterly basis in arrears. Such Letter of Credit fees shall be due and payable
quarterly in arrears on the first Business Day of each January, April, July and October, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. If
there is any change in the Applicable Rate during any quarter, the daily maximum amount of each Letter of Credit shall be computed and multiplied by the Applicable Rate separately (but not invoiced separately) for each period during such quarter
that such Applicable Rate was in effect. 
 (i)    Fronting Fee and Documentary and Processing Charges Payable to L/C
Issuers. The Borrower shall pay directly to each L/C Issuer for its own account (A) a fronting fee with respect to each Letter of Credit issued by such L/C Issuer equal to 0.125% per annum 

  
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times the daily maximum amount available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit); provided that in no
event shall such fee be less than $500 during any quarter, and (B) customary fees for the issuance, presentation, amendment and other processing of Letters of Credit, and other standard costs and charges of such L/C Issuer relating to Letters
of Credit as from time to time in effect. The fees pursuant to clause (A) shall be computed on a quarterly basis in arrears and shall be due and payable quarterly in arrears on the third Business Day of each January, April, July and October,
commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. The fees pursuant to clause (B) are due and payable on demand and are nonrefundable.

 (j)    Conflict with Letter of Credit Application. In the event of any conflict between the terms hereof and
the terms of any Letter of Credit Application, the terms hereof shall control. 
 (k)    L/C Issuer Reports to the
Administrative Agent. Unless otherwise agreed by the Administrative Agent, each L/C Issuer shall, in addition to any other notification obligations set forth elsewhere in this Section, report in writing to the Administrative Agent
(i) periodic activity (for such period or recurrent periods as shall be requested by the Administrative Agent) in respect of Letters of Credit issued by such L/C Issuer, including all issuances, extensions, amendments and renewals, all
expirations and cancelations and all disbursements and reimbursements, (ii) reasonably prior to the time that such L/C Issuer issues, amends, renews or extends any Letter of Credit, the date of such issuance, amendment, renewal or extension,
and the stated amount of the Letters of Credit issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension (and whether the amounts thereof shall have changed), (iii) on each
Business Day on which such L/C Issuer makes any payment in respect of a Letter of Credit, the date and amount thereof, (iv) on any Business Day on which the Borrower fails to reimburse any L/C Obligations required to be reimbursed to such L/C
Issuer on such day, the date of such failure and the amount required to be reimbursed and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such L/C
Issuer. 
 2.04    Swing Line Loans. 

(a)    The Swing Line. Subject to the terms and conditions set forth herein, each Swing Line Lender severally
agrees, in reliance upon the agreements of the other Lenders set forth in this Section 2.04, to make loans (each such loan, a “Swing Line Loan”) to the Borrower from time to time on any Business Day during
the Availability Period; provided, however, that after giving effect to any Swing Line Loan, (i) the Outstanding Amount of all Swing Line Loans made by any Swing Line Lender shall not exceed $20,000,000, (ii) the Outstanding
Amount of all outstanding Swing Line Loans shall not exceed the Swing Line Sublimit, (iii) the Total Outstandings shall not exceed the Aggregate Commitment, and (iv) the aggregate Outstanding Amount of the Loans of any Lender, plus
such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Swing Line Exposure shall not exceed such Lender’s Commitment; provided, further, that the Borrower shall not use the
proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan. Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrower may borrow under this 

  
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Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan will be a Base
Rate Loan. Immediately upon the making of a Swing Line Loan, each Lender shall be required to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Swing Line Lender in accordance with
Section 2.04(c) a risk participation in such Swing Line Loan in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Loan. 

(b)    Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Borrower’s irrevocable notice to
each applicable Swing Line Lender and the Administrative Agent, which may be given by telephone. Each such notice must be received by each such Swing Line Lender and the Administrative Agent not later than 2:00 p.m. on the requested borrowing date,
and shall specify (i) the Swing Line Lender or the Swing Line Lenders that are requested to provide the requested Swing Line Borrowing, (ii) the amount to be borrowed from each such Swing Line Lender, which, in each case, shall be a
minimum of $100,000, and (iii) the requested borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed promptly by delivery to each such Swing Line Lender and the Administrative Agent of a written Swing Line
Loan Notice, appropriately completed and signed by or on behalf of the Borrower. Promptly after receipt by each such Swing Line Lender of any telephonic Swing Line Loan Notice, each such Swing Line Lender will confirm with the Administrative Agent
(by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, each such Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless a
Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Lender) prior to 3:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing such Swing Line Lender
not to make such Swing Line Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in
Section 4.02 is not then satisfied, then, subject to the terms and conditions hereof, such Swing Line Lender will, not later than 4:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of
its Swing Line Loan available to the Borrower by (x) crediting the account of the Borrower on the books of such Swing Line Lender with such amount or (y) wire transfer of such funds, in each case in accordance with instructions provided to
(and reasonably acceptable to) such Swing Line Lender by the Borrower. 
 (c)    Refinancing of Swing Line Loans. 

(i)    Each Swing Line Lender at any time in its sole and absolute discretion may request, on behalf of the
Borrower (which hereby irrevocably authorizes the Swing Line Lender to so request on its behalf), that each Lender make a Base Rate Loan in an amount equal to such Lender’s Pro Rata Share of the amount of Swing Line Loans made by such Swing
Line Lender then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Loan Notice for a Loan for purposes hereof) and in accordance with the requirements of Section 2.02, without
regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Aggregate Commitment and the conditions set forth in Section 4.02. Such Swing
Line Lender shall furnish the Borrower with a copy of the applicable Loan Notice promptly after delivering such notice to 

  
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the Administrative Agent. Each Lender shall make an amount equal to its Pro Rata Share of the amount specified in such Loan Notice available to the Administrative Agent in immediately available
funds for the account of such Swing Line Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in such Loan Notice, whereupon, subject to Section 2.04(c)(ii), each Lender
that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to such Swing Line Lender. 

(ii)    If for any reason any Swing Line Loan cannot be refinanced by such a Borrowing in accordance with
Section 2.04(c)(i), the request for Base Rate Loans submitted by a Swing Line Lender as set forth herein shall be deemed to be a request by such Swing Line Lender that each of the Lenders fund its risk
participation in the relevant Swing Line Loan and each Lender’s payment to the Administrative Agent for the account of such Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in
respect of such participation. 
 (iii)    If any Lender fails to make available to the Administrative
Agent for the account of a Swing Line Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in
Section 2.04(c)(i), such Swing Line Lender shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date
such payment is required to the date on which such payment is immediately available to such Swing Line Lender at a rate per annum equal to the greater of the Federal Funds Effective Rate and a rate determined by such Swing Line Lender in accordance
with banking industry rules on interbank compensation. A certificate of a Swing Line Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent
manifest error. 
 (iv)    Each Lender’s obligation to make Loans or to purchase and fund risk
participations in Swing Line Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or
other right which such Lender may have against any Swing Line Lender, the Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, (C) any reduction or termination of the Commitments or
(D) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation to make Loans pursuant to this Section 2.04(c) is
subject to the conditions set forth in Section 4.02. No such funding of risk participations shall relieve or otherwise impair the obligation of the Borrower to repay Swing Line Loans, together with interest as provided
herein. 
 (d)    Repayment of Participations. 

  
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 (i)    At any time after any Lender has purchased and funded
a risk participation in a Swing Line Loan, if the applicable Swing Line Lender receives any payment on account of such Swing Line Loan, such Swing Line Lender will distribute to such Lender its Pro Rata Share thereof in the same funds as those
received by such Swing Line Lender. 
 (ii)    If any payment received by a Swing Line Lender in respect
of principal or interest on any Swing Line Loan is required to be returned by such Swing Line Lender under any of the circumstances described in Section 10.06 (including pursuant to any settlement entered into by such Swing
Line Lender in its discretion), each Lender shall pay to such Swing Line Lender its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per
annum equal to the Federal Funds Effective Rate. The Administrative Agent will make such demand upon the request of a Swing Line Lender. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the
termination of this Agreement. 
 (e)    Interest for Account of Swing Line Lender. Each Swing Line Lender shall
be responsible for invoicing the Borrower for interest on the Swing Line Loans made by such Swing Line Lender. Until each Lender funds its Loan or risk participation pursuant to this Section 2.04 with respect to such
Lender’s Pro Rata Share of any Swing Line Loan, interest in respect of such Pro Rata Share shall be solely for the account of the applicable Swing Line Lender. 

(f)    Payments Directly to Swing Line Lender. The Borrower shall make all payments of principal and interest in
respect of Swing Line Loans made by each Swing Line Lender directly to such Swing Line Lender. 

2.05    Prepayments. 

(a)    The Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Loans
in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 12:00 noon (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans
and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of Eurodollar Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, and (iii) any prepayment of Base Rate
Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify (x) the date and amount of such
prepayment and (y) the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share of such prepayment. If such notice is
given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein; provided that a notice of prepayment of all outstanding Loans may state
that such notice is conditioned upon the effectiveness of other credit facilities or any incurrence or issuance of debt or equity or the occurrence of any other transaction, in which 

  
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case such notice may be revoked, subject to Section 3.05, by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such
condition is not satisfied. Any prepayment of Eurodollar Rate Loans shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be
applied to the Loans in accordance with the Lenders’ Pro Rata Shares. 
 (b)    The Borrower may, upon notice to
the applicable Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans made by such Swing Line Lender in whole or in part without premium or penalty; provided that
(i) such notice must be received by such Swing Line Lender and the Administrative Agent not later than 2:00 p.m. on the date of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of $100,000. Each such
notice shall specify the date and amount of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.

 (c)    If for any reason the Total Outstandings at any time exceed the Aggregate Commitment then in effect, the
Borrower shall immediately prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations
pursuant to this Section 2.05(c) unless after the prepayment in full of the Loans, the Total Outstandings exceed the Aggregate Commitment then in effect. 

2.06    Termination or Reduction of Commitments. The Borrower may, upon notice to the Administrative Agent,
terminate the Aggregate Commitment, or from time to time permanently reduce the Aggregate Commitment; provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 noon three Business Days prior to
the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrower shall not terminate or reduce the Aggregate
Commitment if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings would exceed the Aggregate Commitment, and (iv) if, after giving effect to any reduction of the Aggregate Commitment, the Letter of
Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Commitment, such Letter of Credit Sublimit or such Swing Line Sublimit shall be automatically reduced by the amount of such excess; provided, further, that,
a notice of termination of the Aggregate Commitment may state that such notice is conditioned upon the effectiveness of other credit facilities or any incurrence or issuance of debt or equity or the occurrence of any other transaction, in which case
such notice may be revoked, subject to Section 3.05, by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. The Administrative Agent will
promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Commitment. Any reduction of the Aggregate Commitment shall be applied to the Commitment of each Lender according to its Pro Rata Share. All commitment fees
accrued until the effective date of any termination of the Aggregate Commitment shall be paid on the effective date of such termination. 

  
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 2.07    Repayment of Loans. 

(a)    The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Loans outstanding on
such date. 
 (b)    The Borrower shall repay to each Swing Line Lender each Swing Line Loan made by it on the earlier
to occur of (i) the date ten Business Days after such Swing Line Loan is made and (ii) the Maturity Date; provided that on each date that a Borrowing (other than a Swing Line Borrowing) is made, the Borrower shall repay all Swing
Line Loans then outstanding and the proceeds of any such Borrowing shall be applied by the Administrative Agent to prepay all Swing Line Loans then outstanding on a pro rata basis. 

2.08    Interest. 

(a)    Subject to the provisions of Section 2.08(b), (i) each Eurodollar Rate Loan shall bear
interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Adjusted Eurodollar Rate for such Interest Period plus the Applicable Rate, (ii) each Base Rate Loan (other than Swing Line Loans)
shall bear interest on the outstanding principal amount thereof from the applicable borrowing or conversion date at a rate per annum equal to the Base Rate plus the Applicable Rate and (iii) each Swing Line Loan shall bear interest on the
outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate. 

(b)    While any Event of Default exists, the Borrower shall (i) automatically, in the case of an Event of Default
under any of Section 8.01(a), 8.01(f) or 8.01(g), or (ii) upon the request of the Required Lenders, in the case of any other Event of Default, pay interest on the principal amount of all outstanding Obligations hereunder at a fluctuating
interest rate per annum equal to the Default Rate, in each case to the fullest extent permitted by applicable Laws. Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand. 

(c)    Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at
such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 

2.09    Fees. 

(a)    Commitment Fee. The Borrower shall pay to the Administrative Agent, for the account of each Lender in
accordance with its Pro Rata Share, a commitment fee equal to the Applicable Rate times the actual daily amount by which the Aggregate Commitment exceeds the sum of (i) the Outstanding Amount of Loans (other than Swing Line Loans) and
(ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.17. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or
more of the conditions in Section 4.02 is not met, and shall be due and payable quarterly in arrears on the third Business Day of each January, April, July and October, commencing with the first such date to occur after the
Original Closing Date, and on the Maturity Date (and, if applicable, thereafter on demand). The commitment fee shall be 

  
 48 

 
calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately
(but not invoiced separately) for each period during such quarter that such Applicable Rate was in effect. 

(b)    Other Fees. The Borrower shall pay to the Administrative Agent and/or the Lenders, as applicable, such other
fees as may be set forth herein (including those set forth in Sections 2.03(h) and 2.03(i)) or as shall have been separately agreed upon in writing (including pursuant to the Fee Letters) in the amounts and at the times so specified.
Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

2.10    Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate. 

(a)    All computations of interest for Base Rate Loans based on the Prime Rate shall be made on the basis of a year of 365
or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or
interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion
thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. 

(b)    If, as a result of any restatement of or other adjustment to the financial statements of the Parent or for any
other reason, the Parent or the Required Lenders determine that (i) the Consolidated Leverage Ratio as calculated by the Parent as of any applicable date was inaccurate and (ii) a proper calculation of the Consolidated Leverage Ratio would
have resulted in higher pricing for such period, the Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders (or former Lenders), promptly on demand by the Administrative
Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, automatically and without further action by the Administrative Agent or any Lender), an
amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period. This paragraph shall not limit the rights of the Administrative Agent or any
Lender, as the case may be, under Section 2.08(b) or under Article VIII. The Borrower’s obligations under this paragraph shall survive the termination of the Aggregate Commitment and the repayment of all other
Obligations hereunder. 
 2.11    Evidence of Debt. 

(a)    The Credit Extensions made by each Lender, each L/C Issuer and each Swing Line Lender shall be evidenced by one or
more accounts or records maintained by such Lender, such L/C Issuer or such Swing Line Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent, each Lender, each L/C
Issuer and each Swing Line Lender shall be prima facie evidence of the amount of the Credit Extensions made by the Lenders, the L/C Issuers and the Swing Line 

  
 49 

 
Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower
hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the
Register and the corresponding accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such
Lender (through the Administrative Agent) a Revolving Note which shall evidence such Lender’s Loans in addition to such accounts or records. Upon the request of any Swing Line Lender to the Borrower, the Borrower shall execute and deliver to
such Swing Line Lender a Swing Line Note, which shall evidence the applicable Swing Line Loans made by such Swing Line Lender to the Borrower in addition to such accounts or records. Each Lender and each Swing Line Lender may attach schedules to its
Revolving Note or its Swing Line Note, as applicable, and record thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. 

(b)    In addition to the accounts and records referred to in Section 2.11(a), each Lender and
the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans. In the event of any conflict between the
accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the Register and the corresponding accounts and records of the Administrative Agent shall control in the absence of
manifest error. 
 2.12    Payments Generally. 

(a)    All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense,
recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the Lenders or L/C Issuers to which such payment is owed, at the Administrative
Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein; provided that payments pursuant to Sections 3.01, 3.04, 3.05, 9.05,
10.04 and 10.05 shall be made directly to the Persons entitled thereto. The Administrative Agent will promptly distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly
following receipt thereof. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. 

(b)    If any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made
on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 

(c)    (i)    Unless the Borrower has notified the Administrative Agent, prior to the date any payment
is required to be made by it to the Administrative Agent hereunder, that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has timely made such payment and may (but shall not be so required to), in
reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the 

  
 50 

 
extent that such payment was not in fact made to the Administrative Agent in immediately available funds, then each of the Lenders or the applicable L/C Issuer, as the case may be, shall
forthwith on demand repay to the Administrative Agent the portion of such assumed payment that was made available to such Lender or such L/C Issuer in immediately available funds, together with interest thereon in respect of each day from and
including the date such amount was made available by the Administrative Agent to such Lender or such L/C Issuer to the date such amount is repaid to the Administrative Agent in immediately available funds at the greater of the Federal Funds
Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection
with the foregoing. 
 (ii)    Unless the Administrative Agent shall have received notice from a Lender
prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such
date in accordance with Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such share available in accordance with and at the time required by Section 2.02)
and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender
and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount is made available to the
Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made
by the Borrower, the interest rate applicable to Base Rate Loans. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the
Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such
Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. 

A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this
Section 2.12(c) shall be conclusive, absent manifest error. 
 (d)    If any Lender makes
available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the

  
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conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in
like funds as received from such Lender) to such Lender, without interest. 
 (e)    The obligations of the Lenders
hereunder to make Loans and to fund participations in Letters of Credit and Swing Line Loans are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any payment under
Section 9.05 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its
Loan, purchase its participation or make its payment under Section 9.05. The failure of any Swing Line Lender to make any Swing Line Loan required to be made by it hereunder shall not relieve any other Swing Line Lender of
its obligations hereunder; provided that the obligations of the Swing Line Lenders hereunder are several and no Swing Line Lender shall be responsible for any other Swing Line Lender’s failure to make Swing Line Loans as required. 

(f)    Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or
manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

2.13    Sharing of Payments. If, other than as expressly provided elsewhere herein, any Lender shall obtain on
account of the Loans made by it, or the participations in L/C Obligations or in Swing Line Loans held by it, any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or
otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) from the other Lenders
such participations in the Loans made by them, and/or such subparticipations in the participations in L/C Obligations and Swing Line Loans held by them, as the case may be, as shall be necessary to cause such purchasing Lender to share the excess
payment in respect of such Loans or such participations, as the case may be, pro rata with each of them; provided, however, that if all or any portion of such excess payment is thereafter recovered from the purchasing Lender under any
of the circumstances described in Section 10.06 (including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase shall to that extent be rescinded and each other applicable
Lender shall repay to the purchasing Lender the purchase price paid therefor, without interest thereon; provided, further, that the provisions of this Section 2.13 shall not be construed to apply to
(i) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or (ii) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or
participations in L/C Obligations or in Swing Line Loans to any assignee or participant, other than to the Parent, the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this
Section 2.13 shall apply). The Borrower agrees that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off, but subject to Section 10.09) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation. The
Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of participations purchased under this Section and will in each case notify the Lenders following any such purchases or repayments. Each
Lender that 

  
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purchases a participation pursuant to this Section 2.13 shall from and after such purchase have the right to give all notices, requests, demands, directions and other
communications under this Agreement with respect to the portion of the Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Obligations purchased. 

2.14    Cash Collateral. At any time that there shall exist a Defaulting Lender, within one Business Day following
the written request of the Administrative Agent, any L/C Issuer or any Swing Line Lender (with a copy to the Administrative Agent), the Borrower shall Cash Collateralize the Fronting Exposure of the L/C Issuers and/or the Swing Line Lenders, as
applicable, with respect to such Defaulting Lender (determined after giving effect to Section 2.17(a)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount.

 (a)    Grant of Security Interest. The Borrower, and to the extent provided by any Defaulting Lender, such
Defaulting Lender, hereby grants to the Administrative Agent, for the benefit of the L/C Issuers and the Lenders (including the Swing Line Lenders), a first priority security interest in all such Cash Collateral as security for the Defaulting
Lender’s obligation to fund participations in respect of the applicable L/C Obligations and Swing Line Loans, to be applied pursuant to Section 2.14(b). If at any time the Administrative Agent determines that Cash
Collateral is subject to any right or claim of any Person other than the Administrative Agent, any L/C Issuer and any Swing Line Lender as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount,
the Borrower will, promptly upon demand by the Administrative Agent, deliver to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by the
Defaulting Lender). 
 (b)    Application. Notwithstanding anything to the contrary contained in this Agreement,
Cash Collateral provided under this Section 2.14 or Section 2.17 in respect of Letters of Credit and Swing Line Loans shall be applied to the satisfaction of the Defaulting Lender’s obligation
to fund participations in respect of L/C Obligations and Swing Line Loans (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other
application of such property as may otherwise be provided for herein. 
 (c)    Termination of Requirement. Cash
Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of the L/C Issuers and/or the Swing Line Lenders, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this
Section 2.14 following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the good faith determination by the
Administrative Agent, the L/C Issuers and the Swing Line Lenders that there exists excess Cash Collateral; provided that, subject to Section 2.17, the Person providing Cash Collateral, the L/C Issuers and the Swing
Line Lenders may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations; and provided further that to the extent such Cash Collateral was provided by the Borrower, such Cash Collateral shall
remain subject to the security interest granted pursuant to the Loan Documents. 

  
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 2.15    Increase in Aggregate Commitment. 

(a)    Upon notice to the Administrative Agent (which shall promptly notify the Lenders identified by the Borrower), the
Borrower may from time to time during the term of this Agreement request an increase in the Aggregate Commitment to an amount not exceeding $1,150,000,000 (after giving effect to any such increase) at any time; provided that (i) any such
request for an increase shall be in a minimum amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; (ii) immediately before and after giving effect to such increase in the Aggregate Commitment, no Default or Event of Default
shall have occurred and be continuing and (iii) after giving to such increase in the Aggregate Commitment (including any Borrowings to be made on the Increase Effective Date), the Parent shall be in compliance on a pro forma basis with
the financial covenants set forth in Section 7.02. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each applicable Lender is
requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders). Each Lender shall notify the Administrative Agent within such time period whether or not it agrees, in its sole
discretion, to increase its Commitment and, if so, whether by an amount equal to, greater than, or less than its Pro Rata Share of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to
increase its Commitment. The Administrative Agent shall notify the Borrower of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase, the Borrower may also invite additional Eligible Assignees
(including prior to, and in lieu of, inviting Lenders) to become Lenders pursuant to a joinder agreement in form and substance satisfactory to the Administrative Agent and its counsel; provided that each such Eligible Assignee shall be
subject to the prior written approval of the Administrative Agent, each L/C Issuer and each Swing Line Lender (in each case, not to be unreasonably withheld, conditioned or delayed) if consent of the Administrative Agent, such L/C Issuer or such
Swing Line Lender, as the case may be, would be required under Section 10.07 for an assignment of any Loan or Commitment to such Eligible Assignee. 

(b)    If the Aggregate Commitment is increased in accordance with this Section, the Administrative Agent and the Borrower
shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such increase and
the Increase Effective Date. As a condition precedent to such increase, the Borrower shall have provided to the Administrative Agent the following, in form and substance reasonably satisfactory to the Administrative Agent: 

(i)    (A) copies of corporate resolutions certified by a Responsible Officer of the Borrower, or such
other evidence as may be satisfactory to the Administrative Agent, demonstrating that Borrower’s incurrence of indebtedness hereunder in the amount of the Aggregate Commitment as increased pursuant to this Section 2.15
and with a maturity date of the Stated Maturity Date, has been duly authorized by all necessary corporate action, together with, upon request of the Administrative Agent, an opinion of counsel to the Borrower (which, as to certain matters as agreed
by the Administrative Agent, may be internal counsel) to such effect and as to such other customary matters regarding the transactions contemplated by this Section 2.15 as the Administrative Agent may reasonably request and
(B) customary reaffirmations by the Guarantors, and 

  
 54 

 (ii)    a certificate dated as of the Increase Effective Date
and signed by a Responsible Officer of the General Partner, on behalf of the Parent, and a Responsible Officer of the Borrower, certifying that, before and after giving effect to such increase, (A) the representations and warranties contained
in Article V and the other Loan Documents are true and correct in all material respects (or, if qualified by materiality or Material Adverse Effect, in all respects) on and as of the Increase Effective Date, (or, if such representation speaks
as of an earlier date, as of such earlier date), (B) no Default or Event of Default exists and (C) the Parent is in compliance, on a pro forma basis, with the financial covenants set forth in Section 7.02
hereof. 
 (c)    The Borrower shall prepay any Loans outstanding on the Increase Effective Date (and pay any additional
amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Aggregate Commitment under this Section.

 (d)    In connection with any increase in the Aggregate Commitment under this Section 2.15,
the Administrative Agent and the Borrower may, without the consent of any Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to give effect to
the provisions of this Section 2.15. This Section 2.15 shall supersede any provisions in Sections 2.12 or 10.01 to the contrary. 

2.16    Maturity Extension Requests. 

(a)    The Borrower may, by notice to the Administrative Agent (which shall promptly notify the Lenders) given not less
than 30 days prior to the Stated Maturity Date at any time in effect, request that the Lenders extend the Stated Maturity Date for an additional one-year period (a “Maturity Extension
Request”); provided that (i) not more than one Maturity Extension Request may be made in any calendar year (and no Maturity Extension Request may be made prior to the first anniversary of the Restatement Closing Date) and
(ii) there shall not be more than two extensions of the Stated Maturity Date under this Section 2.16 during the term of this Agreement. At the time of sending such notice, the Borrower (in consultation with the
Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders). Each Lender shall notify the
Administrative Agent within such time period whether or not it agrees, in its sole discretion, to the Maturity Extension Request (each Lender agreeing to a Maturity Extension Request being called a “Consenting Lender” and each
Lender declining to agree to a Maturity Extension Request being called a “Declining Lender”). Any Lender not responding within such time period shall be deemed to be a Declining Lender. If Lenders constituting the Required Lenders
shall have agreed to a Maturity Extension Request, then (A) the Stated Maturity Date shall, as to the Consenting Lenders, be extended by one year to the anniversary of the Stated Maturity Date theretofore in effect and (B) the Commitment
of each Declining Lender shall terminate and the principal amount of any outstanding Loans made by Declining Lenders, together with any accrued interest thereon and any accrued fees and other amounts payable to or for the account of such Declining
Lenders hereunder, shall be due and payable on the Stated Maturity Date in effect prior to giving effect to any such extension (such 

  
 55 

 
Stated Maturity Date being called the “Existing Maturity Date”). On the Existing Maturity Date, the Borrower shall make such other prepayments of the Loans pursuant to
Section 2.05 as shall be required in order that, after giving effect to the termination of the Commitments of, and all payments to, Declining Lenders as set forth above, (x) Total Outstandings shall not exceed the
Aggregate Commitment and (y) the aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Swing Line Exposure would not exceed any
such Lender’s Commitment. 
 (b)    If any Existing Maturity Date shall be extended in accordance with this
Section 2.16, the Administrative Agent and the Borrower shall determine the effective date thereof (the “Extension Effective Date”). The Administrative Agent shall promptly notify the Borrower and the
Lenders of the Extension Effective Date. As a condition precedent to such extension, the Borrower shall have provided to the Administrative Agent the following, in form and substance reasonably satisfactory to the Administrative Agent: 

(i)    (A) copies of corporate resolutions certified by a Responsible Officer of the Borrower, or such
other evidence as may be satisfactory to the Administrative Agent, demonstrating that Borrower’s incurrence of indebtedness hereunder in the amount of the Aggregate Commitment and with a Stated Maturity Date extended pursuant to this
Section 2.16, has been duly authorized by all necessary corporate action, together with, upon request of the Administrative Agent, an opinion of counsel to the Borrower (which, as to certain matters as agreed by the
Administrative Agent, may be internal counsel) to such effect and as to such other customary matters regarding the transactions contemplated by this Section 2.16 as the Administrative Agent may reasonably request and
(B) customary reaffirmations by the Guarantors, and 
 (ii)    a certificate dated as of the
Extension Effective Date and signed by a Responsible Officer of the General Partner, on behalf of the Parent, and a Responsible Officer of the Borrower, certifying that, before and after giving effect to such extension, (A) the representations
and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (or, if qualified by materiality or Material Adverse Effect, in all respects) on and as of the Extension Effective Date, (or, if
such representation speaks as of an earlier date, as of such earlier date) and (B) no Default or Event of Default exists. 

(c)    Notwithstanding anything in this Section 2.16 to the contrary, the Stated Maturity Date,
the Letter of Credit Expiration Date and the Availability Period, as such terms are used in reference to any L/C Issuer or any Letter of Credit issued by such L/C Issuer or in reference to any Swing Line Lender or any Swing Line Loans, may not be
extended with respect to any L/C Issuer or any Swing Line Lender without the prior written consent of such L/C Issuer or such Swing Line Lender, as applicable (it being understood and agreed that, in the event any L/C Issuer or any Swing Line
Lender, as applicable, shall not have consented to any Maturity Extension Request, (A) such L/C Issuer shall continue to have all the rights and obligations of an L/C Issuer hereunder, and such Swing Line Lender shall continue to have all the
rights and obligations of a Swing Line Lender hereunder, in each case through the applicable Existing Maturity Date (or the Letter of Credit Expiration Date or the Availability Period determined on 

  
 56 

 
the basis thereof), and thereafter shall have no obligation to issue, amend, extend or renew any Letter of Credit or to make any Swing Line Loan, as applicable (but shall continue to be entitled
to the benefits of Sections 2.03, 2.04, 3.01, 3.04, 10.04 and 10.05 as to Letters of Credit issued or Swing Line Loans made prior to such time), and (B) the Borrower shall cause the amount of such L/C
Issuer’s L/C Obligations to be zero (unless such Letter of Credit has been cash collateralized in a manner acceptable to the Administrative Agent and such L/C Issuer or other arrangements with respect thereto have been made that are
satisfactory to the Administrative Agent and such L/C Issuer) no later than the day on which such L/C Obligations would have been required to have been reduced to zero in accordance with the terms hereof without giving effect to the effectiveness of
the extension of the applicable Existing Maturity Date pursuant to this Section (and, in any event, no later than such Existing Maturity Date) and shall repay the principal amount of all outstanding Swing Line Loans, together with any accrued
interest thereon, on such Existing Maturity Date). 
 (d)    In connection with any extension of any Existing Maturity
Date under this Section 2.16, the Administrative Agent and the Borrower may, without the consent of any Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in
the opinion of the Administrative Agent, to give effect to the provisions of this Section 2.16. 

(e)    This Section 2.16 shall supersede any provisions in Sections 2.12 or 10.01 to the contrary. 

2.17    Defaulting Lenders. 

(a)    Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any
Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender: 

(i)    Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any
amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of Required Lenders. 

(ii)    Defaulting Lender Waterfall. 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 VIII or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to
Section 10.09 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 L/C Issuers or the Swing Line Lenders hereunder; third, to Cash Collateralize the Fronting Exposure of the L/C Issuers and the
Swing Line Lenders with respect to such Defaulting Lender in accordance with Section 2.14; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan or funded
participation in respect of which such Defaulting Lender has failed to fund its portion thereof as 

  
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required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released
pro rata in order to (A) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans and funded participations under this Agreement and (B) Cash Collateralize the L/C Issuers’ and the Swing Line
Lenders’ future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit and Swing Line Loans issued under this Agreement, in accordance with Section 2.14; sixth, to the
payment of any amounts owing to the Lenders, the L/C Issuers or the Swing Line Lenders as a result of any final and non-appealable judgment of a court of competent jurisdiction obtained by any Lender, any L/C
Issuer or any Swing Line Lender 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 the Borrower as a result of any final and non-appealable judgment of a court of competent jurisdiction obtained by the Borrower 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 (1) such payment is a payment of the principal
amount of any Loans or funded participations in Letters of Credit or Swing Line Loans in respect of which such Defaulting Lender has not fully funded its appropriate share, and (2) such Loans were made or the related Letters of Credit or Swing
Line Loans were issued at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and funded participations in Letters of Credit or Swing Line
Loans owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or funded participations in Letters of Credit or Swing Line Loans owed to, such Defaulting
Lender until such time as all Loans and funded and unfunded participations in L/C Obligations and Swing Line Loans are held by the Lenders pro rata in accordance with the Commitments without giving effect to
Section 2.17(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this
Section 2.17(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii)    Certain Fees. 

(F)    No Defaulting Lender shall be entitled to receive any commitment fee payable under
Section 2.09(a) for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender
except as set forth in clause (H) below). 
 (G)    Each Defaulting Lender shall be entitled
to receive Letter of Credit fees pursuant to Section 2.03(h) for any period during which that 

  
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Lender is a Defaulting Lender only to the extent allocable to its Pro Rata Share of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to
Section 2.14. 
 (H)    With respect to any fee payable under
Section 2.09 or Letter of Credit fee that would otherwise have been paid to any Defaulting Lender if it were not a Defaulting Lender, the Borrower shall (1) pay to each
Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in L/C Obligations or Swing Line Loans that has been
reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (2) pay to the L/C Issuers and Swing Line Lenders, as applicable, the amount of any such fee otherwise payable to such
Defaulting Lender to the extent that the Defaulting Lender’s Fronting Exposure has been reallocated to the L/C Issuers’ or Swing Line Lenders’ Fronting Exposure to such Defaulting Lender, and (3) not be required to pay the
remaining amount of any such fee. 
 (iv)    Reallocation of Participations to Reduce Fronting
Exposure. All or any part of such Defaulting Lender’s participation in L/C Obligations and Swing Line Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective
Pro Rata Shares of the Commitments (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (x) the conditions set forth in Section 4.02 are satisfied at the time of such
reallocation (and, unless the Borrower shall have otherwise notified the Administrative Agent at such time, the Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such
reallocation does not cause the aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Swing Line Exposure to exceed such Non-Defaulting Lender’s Commitment. Subject to Section 10.23, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting
Lender arising from that Lender having become a Defaulting Lender, including any claim of the Borrower or a Non-Defaulting Lender as a result of such Non-Defaulting
Lender’s increased exposure following such reallocation. 
 (v)    Cash Collateral, Repayment of
Swing Line Loans. If the reallocation described in clause (iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under Law, within one Business Day
following the Borrower’s receipt of notice from the Administrative Agent, (x) as to Swing Line Loans, repay Swing Line Loans in an amount equal to the Fronting Exposure applicable to the Defaulting Lender or, if such Swing Line Loans cannot be
repaid, Cash Collateralize the Borrower’s obligations corresponding to the Fronting Exposure applicable to the Defaulting Lender in accordance with the procedures set forth in Section 2.14 and (y) as to Letters of Credit, Cash
Collateralize the L/C Issuer’s Fronting Exposure with respect to the Defaulting Lender in accordance with the procedures set forth in Section 2.14. 

  
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 (b)    Defaulting Lender Cure. If the Borrower, the Administrative
Agent, the L/C Issuers and the Swing Line Lenders agree in writing that a Lender is no longer 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), such Lender will, to the extent applicable, purchase at par 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 Swing Line Loans to be held by the Lenders in accordance with their Pro Rata Shares of their respective
Commitments (without giving effect to Section 2.17(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 the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender
will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

(c)    New Swing Line Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, the Swing Line Lenders
shall not be required to fund any Swing Line Loans and L/C Issuers shall not be required to issue, extend, renew or increase any Letter of Credit, unless the applicable Swing Line Lender or the applicable L/C Issuer, as applicable, is satisfied that
the related Fronting Exposure and the then outstanding Fronting Exposure applicable to the Defaulting Lender (x) will be 100% covered by the Commitments of the Non-Defaulting Lenders and/or (y) Cash
Collateral will be provided by the Borrower in accordance with Section 2.14, and participating interests in any newly made Swing Line Loan or any newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.17(a)(iv) (and such Defaulting Lender shall not participate therein). 

ARTICLE III 
 TAXES, YIELD
PROTECTION AND ILLEGALITY 
 3.01    Taxes. 

(a)    Defined Terms. For purposes of this Section 3.01, the term “Lender”
includes any L/C Issuer and the term “Law” includes FATCA. 
 (b)    Payments Free of Taxes. Any and
all payments by or on account of any obligation of a Loan Party under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by Law. If any Law (as determined in the good faith discretion of an applicable
Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount
deducted or withheld to the relevant Governmental Authority in accordance with applicable Law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall 

  
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be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this
Section 3.01(b)), the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding for Indemnified Tax been made. 

(c)    Payment of Other Taxes by the Loan Parties. The Loan Parties shall timely pay to the relevant Governmental
Authority in accordance with applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

(d)    Indemnification by the Loan Parties. The Loan Parties, jointly and severally, shall indemnify each
Recipient, within ten (10) days after receipt by the Borrower of demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this
Section 3.01) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified
Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the
Administrative Agent on its own behalf or on behalf of a Lender, accompanied by the calculations by which such determination was made by such Lender, shall be conclusive absent manifest error. 

(e)    Evidence of Payments. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental
Authority pursuant to this Section 3.01, such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the
return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(f)    Status of Lenders. 

(i)    Any Lender (which solely for purposes of this Section 3.01(f) shall
include the Administrative Agent) that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably
requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced
rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by Law or reasonably requested by the Borrower or the Administrative Agent as will
enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion,
execution and submission of such documentation (other than such documentation set forth in Sections 3.01(f)(ii)(A), (J) and (D) below) shall not be required if in the Lender’s reasonable judgment
such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

  
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 (ii)    Without limiting the generality of the foregoing,

 (I)    any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on
or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals of IRS Form
W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax; 

(J)    any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower
and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request
of the Borrower or the Administrative Agent), whichever of the following is applicable: 
 (1)    in the
case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, properly completed and executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E (or applicable successor form) establishing an exemption from, or reduction of, U.S. federal withholding
Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, properly completed and executed originals of IRS Form
W-8BEN or IRS Form W-8BEN-E (or applicable successor form) establishing an exemption from, or reduction of, U.S. federal
withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(2)    properly completed and executed originals of IRS Form
W-8ECI; 
 (3)    in the case of a Foreign Lender claiming the
benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit F-1 to the effect that such Foreign Lender is neither
a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10-percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, nor a
“controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) properly completed and executed originals of IRS Form
W-8BEN or IRS Form W-8BEN-E (or applicable successor form); 

  
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 (4)    properly completed and executed originals of IRS Form
W-8EXP claiming an exemption from withholding Tax; or 

(5)    to the extent a Foreign Lender is not the beneficial owner, properly completed and executed
originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or IRS Form W-8BEN-E (or applicable successor form), a U.S. Tax Compliance Certificate substantially in the form of Exhibit F-2 or Exhibit
F-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and
one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit
F-4 on behalf of each such direct and indirect partner; 

(K)    any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower
and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request
of the Borrower or the Administrative Agent), executed originals of any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary
documentation as may be prescribed by applicable Law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(L)    if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding
Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and
the Administrative Agent at the time or times prescribed by Law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by Law (including as prescribed by Section 1471(b)(3)(C)(i)
of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such
Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA
after the Restatement Closing Date. 

  
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 Each Lender 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 Borrower and the Administrative Agent in writing of its legal inability to do so. 

(g)    Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that
it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 3.01 (including by the payment of additional amounts pursuant to this Section 3.01), it shall pay
to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section 3.01 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to
such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this Section 3.01(g) (plus any penalties, interest or other charges
imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Section 3.01(g), in
no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this Section 3.01(g) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification
payments or additional amounts giving rise to such refund had never been paid. This Section 3.01(g) shall not be construed to require any indemnified party to make available its Tax returns (or any other information
relating to its Taxes that it deems confidential) to the indemnifying party or any other Person. 

(h)    Indemnification of the Administrative Agent. Each Lender and each L/C Issuer shall severally indemnify the
Administrative Agent within ten (10) days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Loan Parties have not already indemnified the Administrative Agent for such
Indemnified Taxes and without limiting the obligation of the Borrower to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.07(d) relating to the maintenance
of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with
respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be
conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender
from any other source against any amount due to the Administrative Agent under this Section 3.01(h). The agreements in this Section 3.01(h) shall survive the resignation and/or replacement of the
Administrative Agent. 

  
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 (i)    Survival. Each party’s obligations under this
Section 3.01 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or
discharge of all obligations under any Loan Document. 
 3.02    Illegality. If any Lender determines that any
Change in Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Eurodollar Rate Loans, or to determine or charge interest rates based
upon the Eurodollar Rate, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans shall
be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the Borrower shall, upon demand from such Lender (with a copy to
the Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate
Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. Each
Lender agrees to designate a different Lending Office if such designation will avoid the need for such notice and will not, in the good faith judgment of such Lender, otherwise be materially disadvantageous to such Lender. 

3.03    Inability to Determine Rates. 

(a)    In connection with any request for a Eurodollar Rate Loan or a conversion to or continuation thereof, if for any
reason (i) the Administrative Agent shall determine (which determination shall be conclusive and binding absent manifest error) that Dollar deposits are not being offered to banks in the London interbank Eurodollar market for the applicable
amount and Interest Period of such Loan, (ii) the Administrative Agent shall determine (which determination shall be conclusive and binding absent manifest error) that reasonable and adequate means do not exist for the ascertaining the Adjusted
Eurodollar Rate for such Interest Period with respect to a proposed Eurodollar Rate Loan or (iii) the Required Lenders shall determine (which determination shall be conclusive and binding absent manifest error) that the Adjusted Eurodollar Rate
does not adequately and fairly reflect the cost to such Lenders of making or maintaining such Loans during such Interest Period, then the Administrative Agent shall promptly give notice thereof to the Borrower and each Lender. Thereafter, the
obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any
pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of, or conversion to, Base Rate Loans in the amount specified
therein. 
 (b)    If at any time the Administrative Agent determines (which determination shall be conclusive absent
manifest error) that (i) the circumstances set forth in Section 3.03(a)(i) or 3.03(a)(ii) have arisen (including because the LIBOR Screen Rate is not available or

  
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published on a current basis) and such circumstances are unlikely to be temporary or (ii) the circumstances set forth in Section 3.03(a)(i) or 3.03(a)(ii)
have not arisen but the supervisor for the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which the LIBOR Screen Rate
shall no longer be used for determining interest rates for loans, then the Administrative Agent and the Borrower shall endeavor to establish an alternate rate of interest to the Eurodollar Rate that gives due consideration to the then prevailing
market convention for determining a rate of interest for syndicated loans denominated in Dollars in the United States at such time, and shall enter into an amendment to this Agreement to reflect such alternate rate of interest and such other related
changes to this Agreement as may be applicable (but for the avoidance of doubt, such related changes shall not include a reduction of the Applicable Rate); provided that if such alternate rate of interest shall be less than zero, such rate
shall be deemed to be zero for all purposes of this Agreement. Such amendment shall become effective without any further action or consent of any other party to this Agreement so long as the Administrative Agent shall not have received, within 10
Business Days of the date a copy of such amendment is provided to the Lenders, a written notice from the Required Lenders stating that such Required Lenders object to such amendment. Until an alternate rate of interest shall be determined in
accordance with this Section 3.03(b) (but, in the case of the circumstances described in clause (ii) above, only to the extent the LIBOR Screen Rate for such Interest Period is not available or published at such time
on a current basis), (x) any Loan Notice that requests the conversion to or continuation of Eurodollar Rate Loans shall be ineffective and (y) if the Borrower requests a Borrowing for Eurodollar Rate Loans, such request will be deemed to
have converted into a request for a Borrowing of Base Rate Loans in the amount specified therein. 

3.04    Increased Cost and Reduced Return; Capital Adequacy and Liquidity. 

(a)    If any Change in Law shall: 

(i)    impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or
similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Adjusted Eurodollar Rate) or any L/C Issuer; 

(ii)    subject any Recipient to any Taxes (other than (A) Indemnified Taxes and (B) Excluded
Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 

(iii)    impose on any Lender or any L/C Issuer or the London interbank market any other condition, cost or
expense (in each case, other than Taxes) affecting this Agreement or Loans made by such Lender or any Letter of Credit or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender making, converting to, continuing or maintaining any Loan
(or of maintaining its obligation to make any Loan), or to increase the cost to such Lender or such L/C Issuer of participating 

  
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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, L/C Issuer or other Recipient hereunder (whether of principal, interest or any other amount) then, upon request of such Lender, L/C Issuer or other Recipient, the Borrower will pay to such Lender, L/C Issuer or other Recipient, as the
case may be, such additional amount or amounts as will compensate such Lender, L/C Issuer or other Recipient, as the case may be, for such additional costs incurred or reduction suffered. 

(b)    If any Lender or L/C Issuer determines that any Change in Law regarding capital adequacy or liquidity, or
compliance by such Lender (or its Lending Office) or L/C Issuer therewith, has or would have the effect of reducing the rate of return on the capital of such Lender or L/C Issuer (or any holding company of such Lender or L/C Issuer) as a consequence
of this Agreement or the obligations of such Lender or L/C Issuer hereunder (taking into consideration its and its holding company’s, if any, policies with respect to capital adequacy or liquidity and such Lender’s or L/C Issuer’s
desired return on capital) then, from time to time upon demand of such Lender or L/C Issuer (with a copy of such demand to the Administrative Agent), the Borrower shall pay to such Lender or L/C Issuer, as the case may be, such additional amounts as
will compensate such Lender or L/C Issuer (or the applicable holding company of such Lender or L/C Issuer) for such reduction. 

(c)    A certificate of a Lender, an L/C Issuer or such other Recipient setting forth the Change in Law giving rise to a
claim for compensation under Section 3.04(a) or 3.04(b), the amount or amounts necessary to compensate such Lender, such L/C Issuer, such other Recipient or any of their respective holding companies, as the case may be, as
specified in Section 3.04(a) or 3.04(b) (including an explanation in reasonable detail of the manner in which such amount or amounts was determined) and delivered to the Borrower, shall be conclusive absent manifest
error. The Borrower shall pay such Lender, such L/C Issuer or such other Recipient, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof. 

(d)    Failure or delay on the part of any Lender, any L/C Issuer or any other Recipient to demand compensation pursuant
to this Section 3.04 shall not constitute a waiver of such Lender’s, such L/C Issuer’s or such other Recipient’s right to demand such compensation; provided that the Borrower shall not be required to
compensate a Lender, an L/C Issuer or any other Recipient pursuant to this Section 3.04 for any increased costs incurred or reductions suffered more than 180 days prior to the date that such Lender, such L/C Issuer or such
other Recipient notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of its intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is
retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof). 

3.05    Funding Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time
to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 

(a)    any continuation, conversion, payment of principal or prepayment of any Loan other than a Base Rate Loan on a day
other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 

  
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 (b)    any failure by the Borrower (for a reason other than the failure of
such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower (even if permitted to revoke such notice); or 

(c)    any assignment of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a
result of a request by the Borrower pursuant to Section 10.16; including any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan (excluding loss of anticipated profits)
or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. 

For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender
shall be deemed to have funded each Eurodollar Rate Loan made by it at the Adjusted Eurodollar Rate for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period,
whether or not such Eurodollar Rate Loan was in fact so funded. 
 3.06    Mitigation Obligations; Designation of a
Different Lending Office. If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay any Indemnified Taxes or additional amount to any Lender or any Governmental Authority for
the account of any Lender pursuant to Section 3.01, then such Lender shall (at the request of the Borrower) use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to
assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the good faith judgment of such Lender, such designation or assignment (a) would eliminate or reduce amounts payable pursuant to
Section 3.01 or 3.04, as the case may be, in the future, and (b) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be materially disadvantageous to such Lender. The
Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

3.07    Matters Applicable to all Requests for Compensation. A certificate of the Administrative Agent, any
Lender or any L/C Issuer claiming compensation under this Article III and setting forth the additional amount or amounts to be paid to it hereunder (including, if requested by the Borrower, an explanation in reasonable detail of the manner in
which such amount or amounts was determined) shall be conclusive in the absence of manifest error. In determining such amount, the Administrative Agent, such Lender or such L/C Issuer may use any reasonable averaging and attribution methods. 

3.08    Survival. All of the Borrower’s obligations under this Article III shall survive
termination of the Aggregate Commitment and repayment of all other Obligations hereunder. 

  
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 ARTICLE IV 

CONDITIONS PRECEDENT TO RESTATEMENT CLOSING DATE AND TO CREDIT EXTENSIONS 

4.01    Conditions to Restatement Closing Date. The amendment and restatement of the Existing Credit
Agreement to be in the form hereof is subject to the satisfaction (or waiver in accordance with Section 10.01 of the Existing Credit Agreement) of the conditions precedent to the occurrence of the Restatement Closing Date set forth in the
Restatement Agreement. 
 4.02    Conditions to all Credit Extensions. The obligation of each Lender to
honor any Request for Credit Extension (other than (i) a Loan Notice requesting only a conversion of Loans to the other Type or (ii) a continuation of Eurodollar Rate Loans) is subject to the following conditions precedent: 

(b)    The representations and warranties of each Loan Party set forth in Article V and in any other Loan Document,
or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material respects (or if qualified by materiality or Material Adverse Effect, in all respects) on and as of
the date of such Credit Extension (or, if such representation speaks as of an earlier date, as of such earlier date). 

(c)    No Default or Event of Default shall exist, or would result from such proposed Credit Extension. 

(d)    The Administrative Agent and, if applicable, the applicable L/C Issuer or applicable Swing Line Lender shall have
received a Request for Credit Extension in accordance with the requirements hereof. 
 Each Request for Credit Extension (other than
(i) a Loan Notice requesting only a conversion of Loans to the other Type or (ii) a continuation of Eurodollar Rate Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in
Sections 4.02(a) and 4.02(b) have been satisfied on and as of the date of the applicable Credit Extension. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

The Loan Parties represent and warrant to the Lenders as of the Restatement Closing Date and thereafter as of each date required by
Section 4.02 and as of any other date as agreed by a Loan Party: 
 5.01    Corporate
Existence and Power. The General Partner is the sole general partner of the Parent. Each Loan Party and each Subsidiary is a corporation, partnership or limited liability company duly incorporated or formed, as applicable, validly
existing and in good standing under the Laws of the jurisdiction of its incorporation or formation, as applicable, and has all organizational powers and all material Authorizations required to carry on its business as

  
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now conducted. Each Loan Party and each Subsidiary is qualified to do business, and is in good standing, in every jurisdiction where such qualification is required, except where the failure to do
so, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

5.02    Corporate and Governmental Authorization; No Contravention; No Default. The Transactions, including
the Borrower’s incurrence of Debt hereunder, and the execution, delivery and performance by the Loan Parties of each Loan Document to which such Person is a party, (a) are within the corporate or other organizational powers of such Person,
(b) have been duly authorized by all necessary corporate or other organizational action, (c) require no action by or in respect of, or filing with, any Governmental Authority (except such as has been obtained and any reports required to be
filed by such Person with the SEC), (d) do not contravene, or constitute a default under, (i) any provision of applicable law or regulation or of any Organization Documents of such Person or (ii) any material agreement, judgment,
injunction, order, decree or other instrument binding upon the Parent or any of its Subsidiaries, or result in the creation or imposition of any Lien on any asset of such Person or any of its Subsidiaries that is not permitted hereunder. No Default
or Event of Default has occurred and is continuing or would result from the consummation of the Transactions, the transactions contemplated by this Agreement or any other Loan Document. 

5.03    Binding Effect. Each Loan Document has been duly executed and delivered by each Loan Party that is
party thereto. This Agreement and each other Loan Document constitutes a valid and binding obligation of each Loan Party that is party thereto, in each case, enforceable in accordance with its terms, except as such enforcement may be limited by
bankruptcy, insolvency or similar Laws of general application relating to the enforcement of creditors’ rights. 

5.04    Financial Information. 

(a)    The Initial Financial Statements (i) present fairly, in all material respects, the financial position and
results of operations and cash flows of the Parent and its Subsidiaries on a consolidated basis as of the dates and for the periods covered thereby in conformity with GAAP and (ii) show, to the extent required by GAAP and together with all
footnotes to such financial statements, all material indebtedness and other liabilities, direct or contingent, of the Parent and its Subsidiaries as of the date thereof, including liabilities for material taxes, material commitments and Debt. 

(b)    The financial information delivered to the Lenders pursuant to Sections 6.01(a) and
6.01(b) (i) fairly presents, in all material respects, in conformity with GAAP, the consolidated financial position of the Parent and its Subsidiaries as of such date and their consolidated results of operations and cash flows for the
period covered thereby (subject, in the case of interim statements, to normal year-end adjustments and the absence of footnotes), and (ii) shows, to the extent required by GAAP and together with all
footnotes to such financial statements, all material indebtedness and other liabilities, direct or contingent, of the Parent and its Subsidiaries as of the date thereof, including liabilities for material taxes, material commitments and Debt. 

  
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 (c)    Since December 31, 2017, there has been no event or circumstance,
either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect. 

5.05    Litigation. There is no action, suit, proceeding or investigation pending against, or, to the
knowledge of the Parent or the Borrower, threatened against or affecting, the Parent or any of its Subsidiaries before any Governmental Authority (a) relating to this Agreement or the Transactions or (b) which could reasonably be expected
to have a Material Adverse Effect. 
 5.06    Compliance with ERISA. 

(a)    Each member of the ERISA Group has fulfilled its obligations under the minimum funding standards of ERISA and the
Code with respect to each Plan and is in compliance in all material respects with the presently applicable provisions of ERISA and the Code with respect to each Plan. No member of the ERISA Group has (i) sought a waiver of the minimum funding
standards under the Pension Funding Rules, (ii) failed to make any material contribution or payment to any Plan or Multiemployer Plan or in respect of any Benefit Arrangement, or made any amendment to any Plan or Benefit Arrangement, which has
resulted or could result in the imposition of a Lien or the posting of a bond or other security under ERISA or the Code, or (iii) incurred any material liability under Title IV of ERISA other than a liability to the PBGC for premiums under
Section 4007 of ERISA. 
 (b)    None of the Borrower or any of its Subsidiaries is an entity deemed to hold
“plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA). 

5.07    Environmental Matters. In the ordinary course of its business, the Parent conducts an ongoing review
of the effect of Environmental Laws on the business, operations and properties of the Parent or any of its Subsidiaries, in the course of which it identifies and evaluates associated liabilities and costs (including, without limitation, any capital
or operating expenditures required for clean-up or closure of properties presently or previously owned, any capital or operating expenditures required to achieve or maintain compliance with environmental
protection standards imposed by law or as a condition of any Authorizations, any related constraints on operating activities, including any periodic or permanent shutdown of any facility or reduction in the level of or change in the nature of
operations conducted thereat, any costs or liabilities in connection with off-site disposal of wastes or Hazardous Substances, and any actual or potential liabilities to third parties, including employees, and
any related costs and expenses). On the basis of this review, the Parent has concluded that such associated liabilities and costs, including the costs of compliance with Environmental Laws, could not reasonably be expected to have a Material Adverse
Effect. Neither the Parent nor any of its Subsidiaries has failed to comply with any Environmental Laws or to obtain any obtain, maintain or comply with any Authorization under any Environmental Laws, except for matters that, individually or in
the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 5.08    Taxes. The
Parent and its Subsidiaries have properly and timely filed all United States Federal and all other material tax returns which are required to have been filed by them, and have paid all material taxes due and payable by them pursuant to such returns
or pursuant to 

  
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any material assessment received by the Parent and its Subsidiaries (other than those not yet delinquent and payable without premium or penalty, and except for those being diligently contested in
good faith by appropriate proceedings, and in each case, for which adequate reserves and provisions for taxes have been made on the books of the applicable Person). The charges, accruals and reserves on the books of the Parent and its Subsidiaries
in respect of material taxes or other material governmental charges are, in the reasonable opinion of the Parent, adequate. 

5.09    Subsidiaries. Set forth on Schedule 5.09 is a complete and accurate list as of the
Restatement Closing Date of each of the Parent’s Subsidiaries, together with its jurisdiction of formation and the Parent’s direct or indirect percentage ownership therein. 

5.10    Regulatory Restrictions on Borrowing; Margin Regulations. 

(a)    None of the Parent, any Person Controlling the Parent, the Borrower or any Subsidiary of the Parent is an
“investment company” within the meaning of the Investment Company Act of 1940, as amended. 

(b)    The Borrower is not engaged and will not engage, principally or as one of its important activities, in the business
of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose, whether immediate, incidental or ultimate, of purchasing or carrying margin stock. No part of the proceeds of any
Credit Extension will be used for any purpose which violates the provisions of Regulations T, U or X of the FRB. 

5.11    Full Disclosure. No statement, information, report, representation or warranty (collectively, the
“Information”) made by any Loan Party in any Loan Document or furnished to the Administrative Agent or any Lender in writing by or on behalf of any Loan Party in connection with any Loan Document (as modified or supplemented by
other Information so furnished), taken as a whole, contains, as of the date such Information was furnished (or, if such Information expressly relates to a specific date, as of such specific date) any untrue statement of a material fact or omits, as
of the date such Information was furnished (or, if such Information expressly related to a specific date, as of such specific date), any material fact required to be stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading, provided, that with respect to projected financial information, each Loan Party represents only that such information was prepared in good faith based upon assumptions believed by it
to be reasonable at the time. 
 5.12    Compliance with Laws. The Parent and each of its Subsidiaries is
in compliance with all Laws applicable to it or to its properties (including, without limitation, the Code), except where (a) such failure to comply could not have or be reasonably expected to have a Material Adverse Effect or (b) the
necessity or fact of compliance therewith is being contested in good faith by appropriate proceedings and the failure to comply during such time could not have or be reasonably expected to have a Material Adverse Effect. 

5.13    Ownership of Property; No Liens; Insurance. Each of the Parent and its Subsidiaries have good record
and indefeasible title in fee simple to, or valid leasehold interests in, or a valid easement estate in, all real property, and good title to all material personal property, 

  
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in each case necessary or used in the ordinary conduct of its business, except for defects that, individually or in the aggregate, (a) do not materially interfere with the ordinary conduct
of its business or (b) could not reasonably be expected to result in a Material Adverse Effect. None of such property is subject to any Lien, except for Liens permitted by Section 7.01. The Parent and each of its
Subsidiaries are insured in the manner required pursuant to Section 6.03(b). 

5.14    Solvency. The Parent and its Subsidiaries, on a consolidated basis, are, and after giving effect to
the Transactions will be, Solvent. 
 5.15    Patriot Act. Each of the Parent, the Borrower and their
respective Subsidiaries are in compliance in all material respects with the material provisions of the Patriot Act, and each such Person has provided to the Administrative Agent and the Lenders all information related to it (including but not
limited to its name, address and tax identification numbers (if applicable)) reasonably requested in writing by the Administrative Agent that is required by the Patriot Act to be obtained by the Administrative Agent or any Lender. 

5.16    Anti-Corruption Laws and Sanctions. The Parent has implemented and maintains in effect policies and
procedures designed to ensure compliance by the Parent, the Borrower, their respective Subsidiaries and each such Person’s directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions (and such policies and
procedures are applicable to such directors, officers, employees and agents of Noble and its other Subsidiaries that serve as the directors, officers, employees and agents of, or are seconded to, the Parent, the Borrower and their respective
Subsidiaries), and the Parent, the Borrower, their respective Subsidiaries and each such Person’s officers and employees (or, as applicable, the officers and employees of Noble or its other Subsidiaries, that serve as the officers and employees
of, or are seconded to, the Parent, the Borrower and their respective Subsidiaries), and to the knowledge of the Parent and the Borrower, any director and agent of the Parent, the Borrower and their respective Subsidiaries (or, as applicable, the
directors and agents of Noble and its other Subsidiaries that serve as the directors and agents of the Parent, the Borrower and their respective Subsidiaries), are in compliance with Anti-Corruption Laws and applicable Sanctions in all material
respects. None of (a) the Parent, the Borrower or their respective Subsidiaries, or to the knowledge of the Parent or the Borrower, any of their respective directors, officers or employees (or, as applicable, the directors, officers and
employees of Noble and its other Subsidiaries that serve as the directors, officers and employees of, or are seconded to, the Parent, the Borrower and their respective Subsidiaries) or (b) to the knowledge of the Parent or the Borrower, any
agent of the Parent, the Borrower and their respective Subsidiaries (or, as applicable, any agent of Noble and its other Subsidiaries that serves as an agent of the Parent, the Borrower and their respective Subsidiaries) that will act in any
capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Loan or Letter of Credit or use of proceeds therefrom will violate Anti-Corruption Laws or applicable Sanctions. 

5.17    Material Contracts. Each Material Contract has been duly executed and delivered by each Loan Party
and each Subsidiary party thereto and constitutes the legal, valid and binding obligation of each Loan Party and each Subsidiary party thereto, enforceable in accordance with its terms, except as enforceability may be limited by general principles
of equity and bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally and by moratorium laws from time to time in effect. The Parent and each of its Subsidiaries is,

  
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and, to the knowledge of the Parent, Noble and its Subsidiaries are, in compliance with each Material Contract and no defaults exist thereunder, except where such
non-compliance or such defaults, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

5.18    EEA Financial Institutions. No Loan Party is an EEA Financial Institution. 

ARTICLE VI 
 AFFIRMATIVE
COVENANTS 
 The Loan Parties agree and covenant that, so long as any Lender has any Commitment, any Letter of Credit remains
outstanding (unless such Letter of Credit has been cash collateralized in a manner acceptable to the Administrative Agent and the applicable L/C Issuer or other arrangements with respect thereto have been made that are satisfactory to the
Administrative Agent and such L/C Issuer) or any Obligation payable hereunder remains unpaid: 
 6.01    Information;
Notices of Material Events. The Parent and/or the Borrower, as applicable, will deliver to the Administrative Agent and each Lender: 

(a)    as soon as available, and in any event within ninety (90) days after the end of each fiscal year of the
Parent, a consolidated balance sheet of the Parent and its Subsidiaries as of the end of such fiscal year and the related consolidated statements of operations, cash flows and changes in equity for such fiscal year, setting forth in each case in
comparative form the figures for the previous fiscal year, all in reasonable detail (and which shall include, for the avoidance of doubt, a reconciliation of the net income and EBITDA attributable to the
non-controlling interest in any Subsidiary that is not wholly-owned by the Loan Parties, in each case in the same or similar manner as set forth in the Initial Financial Statements or otherwise reasonably
acceptable to the Administrative Agent) and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an independent registered public accounting firm of nationally recognized standing selected by the Parent, which report
and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit; 

(b)    as soon as available, and in any event within forty-five (45) days after the end of each of the first three
quarters of each fiscal year of the Parent, a consolidated balance sheet of the Parent and its Subsidiaries as of the end of such quarter and the related consolidated statement of operations for such quarter and for the portion of the Parent’s
fiscal year ended at the end of such quarter and the related consolidated statement of cash flows for such portion of the Parent’s fiscal year, setting forth in the case of such statements of operations and cash flows, in comparative form the
figures for the corresponding quarter and the corresponding portion of the Parent’s previous fiscal year (and which shall include, for the avoidance of doubt, a reconciliation of the net income and EBITDA attributable to the non-controlling interest in any Subsidiary that is not wholly-owned by the Loan Parties, in each case in the same or similar manner as set forth in the Initial Financial Statements or otherwise reasonably acceptable
to the Administrative Agent), all certified (subject to normal year-end adjustments and the absence of footnotes) as to fairness of presentation, conformity to GAAP and consistency by the chief financial
officer or the chief accounting officer of the General Partner, on behalf of the Parent; 

  
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 (c)    on or before the applicable date on which the related financial
certificates are required to be delivered pursuant to clause (a) or (b) above, a completed Compliance Certificate executed by a Responsible Officer of the General Partner, on behalf of the Parent, including a
complete and accurate list, as of the last day of the period covered by such financial statements, of each of the Parent’s Subsidiaries, together with its jurisdiction of formation and the Parent’s direct or indirect percentage ownership
therein and, until the Guarantee Release Date, whether it is a Material Subsidiary; 
 (d)    promptly (and in any event
within five (5) Business Days) after any officer of the General Partner, on behalf of the Parent, or any officer of the Borrower or any other Loan Party obtains actual knowledge of (i) any Default, if such Default is then continuing, and
(ii) any other event, circumstance or development (including any environmental matters and/or litigation or governmental proceedings pending against the Parent and its Subsidiaries) that would reasonably be expected to result in a Material
Adverse Effect, a certificate of a Responsible Officer of the Borrower setting forth the details thereof and, in the case of clause (i) above, the action which the Parent and/or the Borrower is taking or proposes to take with respect thereto;

 (e)    promptly upon the mailing thereof to the unitholders of the Parent generally, copies of all financial
statements, reports and proxy statements so mailed; 
 (f)    promptly upon the filing thereof, copies of all
registration statements (other than the exhibits thereto and any registration statements on Form S-8 or its equivalent) and reports on Forms 10-K, 10-Q and 8-K (or their equivalents) which the Parent shall have filed with the SEC; 

(g)    if and when any member of the ERISA Group (i) gives or is required to give notice to the PBGC of any
“reportable event” (as defined in Section 4043 of ERISA) with respect to any Plan which might constitute grounds for a termination of such Plan under Title IV of ERISA, or knows that the plan administrator of any Plan has given or is
required to give notice of any such reportable event, a copy of the notice of such reportable event given or required to be given to the PBGC; (ii) receives notice of complete or partial withdrawal liability under Title IV of ERISA or notice
that any Multiemployer Plan is insolvent or has been terminated, a copy of such notice; (iii) receives notice from the PBGC under Title IV of ERISA of an intent to terminate, impose liability (other than for premiums under Section 4007 of
ERISA) in respect of, or appoint a trustee to administer any Plan, a copy of such notice; (iv) applies for a waiver of the minimum funding standard under the Pension Funding Rules, a copy of such application; (v) gives notice of intent to
terminate any Plan under Section 4041(c) of ERISA, a copy of such notice and other information filed with the PBGC; (vi) gives notice of withdrawal from any Plan pursuant to Section 4063 of ERISA, a copy of such notice;
(vii) fails to make any payment or contribution to any Plan or Multiemployer Plan or in respect of any Benefit Arrangement or makes any amendment to any Plan or Benefit Arrangement which has resulted or could result in the imposition of a Lien
or the posting of a bond or other security, a certificate of the chief financial officer or the chief accounting officer of the General Partner, on behalf of the Parent, setting forth details as to such occurrence and action, if any, which the

  
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Parent or applicable member of the ERISA Group is required or proposes to take; or (viii) determines that any Pension Plan is considered an at-risk
plan or a plan in endangered or critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA, a certification of funding status from the enrolled actuary for the Pension Plan, which in the
case of each of clauses (i), (ii), (iii) and (viii) above, could cause one or more members of the ERISA Group to incur liability; 

(h)    promptly upon any announcement by S&P or Moody’s of any issuance of or change in a Public Debt Rating of
the Parent, notice of such issuance or change; 
 (i)    promptly following a request therefor, any documentation or
other information that a Lender reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act; and 

(j)    from time to time, such additional information regarding the financial position or business of the Parent and its
Subsidiaries as the Administrative Agent, at the request of any Lender, may reasonably request. 
 Documents required to be delivered
pursuant to Section 6.01(a), (b), (e) or (f) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be
deemed to have been delivered on the date (i) (A) on which the Parent posts such documents, or provides a link thereto, on the Parent’s website on the Internet at the website address listed on Schedule 10.02; or
(B) on which such documents are posted on the Parent’s or the Borrower’s behalf on IntraLinks or another similar electronic system (the “Platform”), if any, to which each Lender and the Administrative Agent have
access (whether a commercial, third-party website or whether sponsored by the Administrative Agent), and (ii) on which the Borrower notifies (which may be by facsimile or electronic mail) the Administrative Agent and each Lender of the posting
of any such documents; provided that the Borrower shall deliver paper copies or soft copies (by electronic mail) of such documents to the Administrative Agent or any Lender that requests the Borrower to deliver such paper copies or soft
copies. Information required to be delivered pursuant to this Section 6.01 may also be delivered by facsimile or electronic mail pursuant to procedures approved by the Administrative Agent. Except for Compliance
Certificates required by Section 6.01(c), the Administrative Agent shall have no obligation to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the
Parent or the Borrower with any request for delivery of such documents, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

The Parent and the Borrower hereby acknowledge that (a) the Administrative Agent and/or the Arrangers will make available to the Lenders
and the L/C Issuers materials and/or information provided by or on behalf of the Borrower or the Parent hereunder (collectively, “Materials”) by posting the Materials on the Platform and (b) certain of the Lenders may be
“public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to the Parent, its Subsidiaries or their respective securities for purposes of United
States Federal and state securities Laws) (each, a “Public Lender”). The Parent and the 

  
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Borrower hereby agree that (w) all Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that
the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Materials “PUBLIC,” the Parent and the Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers, the L/C Issuers
and the Lenders to treat such Materials as not containing any material non-public information with respect to the Parent, its Subsidiaries or their respective securities for purposes of United States Federal
and state securities Laws (provided, however, that to the extent such Materials constitute Information, they shall be treated as set forth in Section 10.08); (y) all Materials marked “PUBLIC”
are permitted to be made available through a portion of the Platform designated “Public Investor;” and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Materials that are not marked “PUBLIC” as
being suitable only for posting on a portion of the Platform not designated “Public Investor.” 

6.02    Payment of Taxes and Obligations. Each Loan Party will, and will cause each of its Subsidiaries to, pay or
discharge its material obligations, including material Tax liabilities, before the same shall become delinquent, except where the validity or amount thereof is being contested in good faith by appropriate proceedings, and such Loan Party or such
Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP. 

6.03    Maintenance of Property; Insurance. 

(a)    Each Loan Party will keep, and will cause each of its Subsidiaries to keep, all material property useful and
necessary in its business in good working order and condition, ordinary wear and tear excepted. 
 (b)    Each Loan
Party will, and will cause each of its Subsidiaries to, maintain or caused to be maintained with insurance companies that are rated (or whose reinsurers are rated) “A-VII” or better by A.M. Best
Company or “BBB-” or better by S&P or an equivalent rating from another recognized rating agency, insurance with respect to their respective properties and business in at least such amounts,
against at least such risks and with such risk retention as are customarily maintained, insured against or retained, as the case may be, by companies engaged in a similar business, to the extent available at the time in question on commercially
reasonable terms; and will furnish to the Lenders, upon request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried. 

6.04    Conduct of Business and Maintenance of Existence. Each Loan Party will preserve, renew and keep in full
force and effect, and will cause each of its Subsidiaries to preserve, renew and keep in full force and effect, their respective legal existence and good standing under the Laws of the jurisdiction of its organization and their respective rights,
privileges and franchises necessary or desirable in the normal conduct of business; provided that nothing in this Section 6.04 shall prohibit a transaction permitted pursuant to
Section 7.05. 
 6.05    Compliance with Laws. Each Loan Party will comply, and will
cause each of its Subsidiaries to comply, in all material respects with all applicable material Laws and requirements of Governmental Authorities (including, without limitation, Environmental Laws, the Patriot Act and ERISA and the rules and
regulations thereunder) except where the necessity or fact of compliance therewith is being contested in good faith by appropriate proceedings or 

  
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could not reasonably be expected to result in a Material Adverse Effect. The Parent will maintain in effect and enforce policies and procedures designed to ensure compliance by the Parent, its
Subsidiaries, and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions (and such policies and procedures will be applicable to such directors, officers, employees and agents of Noble or its
other Subsidiaries that serve as the directors, officers, employees and agents of, or are seconded to, the Parent and its Subsidiaries). 

6.06    Inspection of Property, Books and Records. Each Loan Party will keep, and will cause its Subsidiaries to
keep, proper books of record and account in which full, true and correct, in all material respects, entries shall be made of all dealings and transactions in relation to its business and activities to the extent required by GAAP or applicable Law;
and will permit, and will cause each of its respective Subsidiaries to permit, representatives of any Lender at such Lender’s expense to visit and inspect any of their respective properties, to examine and make abstracts from any of their
respective books and records, and to discuss their respective affairs, finances and accounts with their respective officers, employees and independent public accountants, all at such reasonable times and as often as may reasonably be desired;
provided, however, that if an Event of Default has occurred and is continuing, any visit and inspection by a Lender shall be at the sole expense of the Borrower. 

6.07    Use of Proceeds. The proceeds of the Loans made under this Agreement will be used by the Loan Parties
(a) to pay fees and expenses in connection with the Transactions and (b) for working capital, capital expenditures, Acquisitions, dividends, distributions, unit repurchases, and other lawful corporate, limited liability company or
partnership purposes of the Parent and its Subsidiaries. Letters of Credit will be issued for general corporate purposes of the Parent and its Subsidiaries (or, in the case of any Letter of Credit issued for the account of any joint venture of the
Borrower or any of its Subsidiaries, general corporate purposes of such joint venture). 
 6.08    Governmental
Approvals and Filings. Each Loan Party will, and will cause each of its Subsidiaries to, keep and maintain in full force and effect all action by or in respect of, or filing with, any Governmental Authority necessary in connection with
(a) the execution and delivery of this Agreement, or any Note issued hereunder by the Borrower, (b) the consummation of the Transactions, (c) the performance of or compliance with the terms and conditions hereof or thereof by the
Parent and its Subsidiaries, or (d) any other actions required to ensure the legality, validity, binding effect, enforceability or admissibility in evidence hereof or thereof. 

6.09    Material Contracts. Each Loan Party will, and will cause each of its Subsidiaries to, perform and observe
all the terms and provisions of, and comply with, each Material Contract to be performed or observed by it, except where the failure to do so, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect. Each Loan Party will, and will cause each of its Subsidiaries to, use commercially reasonable efforts to enforce its rights and remedies under the Material Contracts (other than with respect to immaterial notice and information rights the non-enforcement of which the Loan Parties and their Subsidiaries determine in good faith do not have an adverse effect on their ordinary course of business), including rights with respect to indemnities, cost
reimbursements and purchase price adjustments, in a manner consistent with that, and to the same extent that, it would do so in an arms’-length transaction with an unrelated third party. 

  
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 6.10    Guarantee Matters. 

(a)    Within thirty (30) days (or such longer period as the Administrative Agent may agree in writing) after the
acquisition or formation of any wholly-owned Material Subsidiary (or upon a wholly-owned non-Material Subsidiary becoming a Material Subsidiary), the Parent shall cause such Person to (i) become a
Guarantor by executing and delivering to the Administrative Agent a joinder to the Guarantee Agreement and (ii) deliver to the Administrative Agent (A) documents of the types referred to in Sections 4.01(a)(iii) and
4.01(a)(iv) of the Original Credit Agreement and (B) favorable opinions of counsel to such Person (which, as to certain matters as agreed to by the Administrative Agent, may be internal counsel and which shall cover, among other things,
the legality, validity, binding effect and enforceability of the documentation referred to in clause (i)), all in form, content and scope reasonably satisfactory to the Administrative Agent. For the avoidance of doubt, no non-wholly-owned Material Subsidiary existing on or after the Original Closing Date shall be required to become a Guarantor hereunder until such time as such Subsidiary becomes a wholly-owned Material Subsidiary.

 (b)    If any Subsidiary that is not already a Loan Party guarantees any Debt of the Borrower or the Parent, then
that Subsidiary shall become a guarantor of the Obligations and shall deliver a joinder to the Guarantee Agreement to the Administrative Agent within ten (10) Business Days of the date on which it guaranteed such Debt, together with such other
additional closing documents, certificates and legal opinions as shall reasonably be requested by the Administrative Agent. 

(c)    On and after the Guarantee Release Date, the Loan Parties shall not be required to comply with the requirements of
Section 6.10(a) and each Guarantor that is a Material Subsidiary shall be automatically released from its obligations under the Guarantee Agreement; provided that (i) no Default or Event of Default has occurred
and is continuing or would result from such release, (ii) such Guarantor is not then a guarantor of any other Debt of the Borrower or the Parent, and (iii) the Borrower shall have delivered to the Administrative Agent a certificate,
executed by a Responsible Officer of the Borrower, confirming that the conditions to release set forth in this Section have been satisfied. 

(d)    If the conditions set forth Section 6.10(b) requiring such Subsidiary to be a Guarantor
no longer exist (other than on account of a release of such Subsidiary from its guarantee of the applicable other Debt upon payment by such Subsidiary thereon), then such Subsidiary shall be automatically released from its obligations under the
Guarantee Agreement; provided that (i) no Default or Event of Default has occurred and is continuing or would result from such release and (ii) the Borrower shall have delivered to the Administrative Agent a certificate, executed by
a Responsible Officer of the Borrower, confirming that the conditions to release set forth in this Section have been satisfied. 

(e)    In connection with any release pursuant to this Section, the Administrative Agent is hereby authorized to execute
and deliver, and agrees to promptly execute and deliver, such documents as the Borrower shall reasonably request to evidence such release. Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by
the Administrative Agent. 

  
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 6.11    Subsidiaries. With respect to each non-wholly owned direct or indirect Subsidiary of the Parent: (a) to the extent such Subsidiary is a limited partnership, 100% of the general partnership interests in such Subsidiary shall be directly owned by
the Parent or a wholly-owned Subsidiary of the Parent and (b) in all cases, the Parent or a wholly-owned Subsidiary of the Parent shall Control such Subsidiary. 

ARTICLE VII 
 NEGATIVE
COVENANTS 
 The Loan Parties agree and covenant that, so long as any Lender has any Commitment, any Letter of Credit remains
outstanding (unless such Letter of Credit has been cash collateralized in a manner acceptable to the Administrative Agent and the applicable L/C Issuer or other arrangements with respect thereto have been made that are satisfactory to the
Administrative Agent and such L/C Issuer) or any Obligation payable hereunder remains unpaid: 
 7.01    Liens.
The Loan Parties will not, and will not permit any of their Subsidiaries to, directly or indirectly, create, incur, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except: 

(a)    Liens (other than Liens imposed under ERISA) for taxes, assessments or governmental charges or levies not past due
for more than 60 days or which are being contested in good faith and by appropriate proceedings, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 

(b)    Liens of landlords (other than to secure Debt) and Liens of carriers, warehousemen, mechanics, materialmen and
suppliers and other Liens imposed by law or pursuant to customary reservations or retentions of title arising in the ordinary course of business, provided that such Liens secure only amounts not past due for more than 60 days or, if
delinquent, are unfiled and no other action has been taken to enforce the same or are being contested in good faith by appropriate proceedings for which adequate reserves determined in accordance with GAAP have been established; 

(c)    pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment
insurance and other social security legislation, other than any Lien imposed by ERISA; 
 (d)    Liens to secure the
performance of bids, trade contracts and leases (other than Debt), statutory obligations (other than Liens imposed by ERISA), surety and appeal bonds, performance bonds and other obligations of a like nature (other than obligations under Swap
Contracts) incurred in the ordinary course of business; 
 (e)    easements, rights-of-way, restrictions and other similar encumbrances affecting real property which do not materially detract from the value of the property subject thereto or materially interfere with the ordinary
conduct of the business of any Loan Party or any of its Subsidiaries; 

  
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 (f)    any easement, exceptions or reservations in any property or assets
granted or reserved for the purpose of pipelines, roads, the removal of oil, gas or other minerals, and other like purposes, or for the joint or common use of real property, facilities and equipment that are incidental to, and do not materially
interfere with the ordinary conduct of business of any Loan Party or any of its Subsidiaries; 
 (g)    Liens securing
judgments for the payment of money (or appeal or other surety bonds relating to such judgments) not constituting an Event of Default under Section 8.01(h); 

(h)    leases or subleases granted to others not interfering in any material respect with the ordinary course of the
business of any Loan Party or any of its Subsidiaries; 
 (i)    any interest of title of a lessor under, and Liens
arising from UCC financing statements (or equivalent filings, registrations or agreements in foreign jurisdictions) relating to, leases permitted by this Agreement, including, without limitation, operating leases; 

(j)    normal and customary rights of setoff upon deposits of cash in favor of banks or other depository institutions;

 (k)    Liens of a collection bank arising under Section 4-210 of the
Uniform Commercial Code on items in the course of collection; 
 (l)    Liens of sellers of goods to the Parent and any
of its Subsidiaries arising under Article 2 of the Uniform Commercial Code or similar provisions of applicable law in the ordinary course of business, covering only the goods sold and securing only the unpaid purchase price for such goods and
related expenses; 
 (m)    Liens, if any, in favor of the Administrative Agent on Cash Collateral delivered pursuant to
Section 2.14(a); 
 (n)    Liens created pursuant to construction, operating and maintenance
agreements, transportation agreements and other similar agreements and related documents entered into in the ordinary course of business; provided that such Liens do not secure Debt; 

(o)    rights of first refusal entered into in the ordinary course of business; 

(p)    Liens consisting of (i) any rights reserved to or vested in any municipality or governmental, statutory or
public authority to control or regulate any property of the Parent or any Subsidiary or to use such property, (ii) any obligations or duties to any municipality or public authority with respect to any franchise, grant, license, lease or permit
and the rights reserved or vested in any Governmental Authority or public utility to terminate any such franchise, grant, license, lease or permit or to condemn or expropriate any property, or (iii) any zoning laws, ordinances or municipal
regulations; 

  
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 (q)    Liens on cash margin collateral, deposits or securities required by
any Person with whom the Parent or any of its Subsidiaries enters into a Swap Contract, to the extent such Swap Contract is entered into in accordance with Section 7.12; provided that the aggregate value of cash and
other assets subject to such Liens shall not at any time exceed $25,000,000; 
 (r)    Liens imposed by ERISA that do
not constitute an Event of Default and that are being contested in good faith by appropriate proceedings and reserves in conformity with GAAP have been provided therefor; 

(s)    in the case of (i) Capital Stock of any joint venture of the Parent or its Subsidiaries, (ii) Capital
Stock of any Person that is not a Subsidiary or (iii) Capital Stock of any non-wholly owned Subsidiary, in each case, owned by the Parent or any Subsidiary, any Lien, including any put and call
arrangements, related to such Capital Stock set forth in (A) the Organization Documents of such joint venture, such other Person or such Subsidiary or any related shareholders’ or similar agreement or (B) in the case of clauses
(i) and (ii) above, any agreement or document governing Debt of such joint venture or such other Person; 

(t)    Liens on assets of non-wholly owned Subsidiaries that are not Loan Parties
and Liens on the Capital Stock of such non-wholly owned Subsidiaries that are not Loan Parties, in each case securing Debt of such non-wholly owned Subsidiaries
permitted by Section 7.09; 
 (u)    in connection with the sale or transfer of any Capital
Stock or other assets in a transaction permitted hereunder, customary rights and restrictions contained in agreements relating to such sale or transfer pending the completion thereof; 

(v)    Liens securing (i) Debt incurred to finance the acquisition, construction or improvement of any fixed or
capital assets, including Capital Leases, provided that such Debt is incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement, (ii) Debt assumed in connection with the
acquisition of any fixed or capital assets and (iii) Debt refinancing (but not increasing the outstanding principal amount thereof, except by an amount equal to amounts paid for any accrued interest, breakage, premium, fees and expenses in
connection with such refinancing) any Debt described in this clause (v); provided that (A) such Lien shall not apply to any property of the Parent or any Subsidiary other than the assets so acquired, constructed or improved and proceeds
thereof and (B) prior to the Guarantee Release Date, the aggregate principal amount of Debt secured by Liens in reliance on this clause (v) shall not exceed $25,000,000 outstanding at any time; 

(w)    Liens securing Debt permitted by Section 7.09(a)(ii) and
Section 7.09(b)(i); provided that such Liens shall not apply to any property of the Parent or any Subsidiary other than the fixed or capital assets acquired, constructed or improved with such Debt, and proceeds
thereof; 
 (x)    prior to the Guarantee Release Date, other Liens securing Debt in an aggregate principal amount not
exceeding $50,000,000 outstanding at any time; and 
 (y)    on and after the Guarantee Release Date, other Liens
securing Debt of the Parent or any of its Subsidiaries; provided that the sum, without duplication, of (A) the aggregate 

  
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outstanding principal amount of all such Debt secured by a Lien created, incurred, assumed or in existence in reliance on this clause (y), plus (B) the aggregate outstanding principal amount
of all Debt under Section 7.09(b)(vii) plus (C) the aggregate outstanding amount of Attributable Debt under all Sale and Leaseback Transactions under Section 7.08(c) shall not exceed 15% of
Consolidated Net Tangible Assets at the time of creation, incurrence or assumption of such Lien. 
 7.02    Financial
Covenants. 
 (a)    The Parent will not permit the Consolidated Leverage Ratio, as of the end of each fiscal quarter
of the Parent (beginning with September 30, 2016), to exceed 5.00 to 1.0 (or, during a Qualified Acquisition Period, 5.50 to 1.0). 

(b)    Prior to the Guarantee Release Date, the Parent will not permit the Consolidated Interest Coverage Ratio, as of the
end of each fiscal quarter of the Parent, to be less than 3.00 to 1.0. 
 7.03    Transactions with
Affiliates. A Loan Party will not, and will not permit any Subsidiary to, directly or indirectly, pay any funds to or for the account of, make any investment in, lease, sell, transfer or otherwise dispose of any assets, tangible or intangible,
to, or participate in, or effect, any transaction (including the amendment, restatement, supplement or other modification to, or waiver of any rights under, any Material Contract the effect of which is material or adverse to a Loan Party or any
Subsidiary or their respective rights thereunder, or the entry into any new Material Contract) with, any officer, director, employee or Affiliate (other than a Loan Party) (each such Person, an “Affiliated Person”) unless any such
transactions between a Loan Party or its Subsidiaries, on the one hand, and any Affiliated Person, on the other hand, shall be on an arm’s-length basis and on terms no less favorable to such Loan Party or
such Subsidiary than could have been obtained from a third party who was not an Affiliated Person; provided, that the foregoing provisions of this Section shall not prohibit (a) Restricted Payments permitted pursuant to
Section 7.04, (b) a Loan Party or a Subsidiary from providing credit support for its Subsidiaries as it deems appropriate in the ordinary course of business, (c) transactions that are not on an arm’s length basis
or are not on terms as favorable as could have been obtained from a third party, provided that such transaction or transactions occurs within a related series of transactions, which, in the aggregate, are on an
arm’s-length basis and are on terms as favorable as could have been obtained from a third party, (d) non-material transactions with Noble or its Subsidiaries,
or Subsidiaries of the Parent that are not Loan Parties, that are entered into in the ordinary course of business, so long as, in each case, after giving effect thereto, no Default or Event of Default shall have occurred and be continuing, such
transaction is entered into in good faith and such transaction is in the best interests of the Parent and its Subsidiaries, taken as a whole, (e) Midstream Drop Down Acquisitions and any Investments in Subsidiaries, in each case, not prohibited
by the Partnership Agreement so long as (i) no Default or Event of Default would result therefrom and (ii) the Loan Parties are in pro forma compliance with Section 7.02(a) after giving effect to such transaction,
(f) any corporate sharing agreements with respect to tax sharing and general overhead and administrative matters, (g) transactions approved by the conflicts committee of the General Partner in accordance with the Partnership Agreement,
(h) transactions involving any employee benefit or compensation plans or related trusts of the Loan Parties or a Subsidiary, (i) the payment of reasonable compensation, fees and expenses (as determined by the applicable Loan Party) to, and
indemnity 

  
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provided on behalf of, the General Partner and directors, employees and officers of the General Partner, the Parent or any Subsidiary and (j) transactions pursuant to any contract in
existence on the Restatement Closing Date and set forth on Schedule 7.03 (without giving effect to any amendment, waiver or modification thereto that is materially adverse to the Lenders). 

7.04    Restricted Payments. A Loan Party will not, and will not permit any Subsidiary to, declare or make,
directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except: 

(a)    a Subsidiary may declare and make any Restricted Payments (with respect to any
non-wholly owned Subsidiary, ratably (or on a more favorable basis from the perspective of the Borrower) to the holders of its Capital Stock in accordance with their respective ownership interests); 

(b)    the Parent and each Subsidiary may declare and make Restricted Payments solely in the Capital Stock of such Person
and the Parent may issue common Capital Stock upon the conversion of subordinated or any other class of Capital Stock; 

(c)    the Parent and each Subsidiary may purchase, redeem or otherwise acquire its Capital Stock with the proceeds
received from the substantially concurrent issue of new Capital Stock; 
 (d)    so long as (i) no Default or Event
of Default has occurred and is continuing or would result therefrom and (ii) the Parent is in pro forma compliance with Section 7.02(a), in each case on the date of declaration thereof, the Parent may declare
Restricted Payments in cash to the holders of its Capital Stock to the extent not prohibited by the Partnership Agreement and may pay such Restricted Payments no later than 60 days after such date of declaration; and 

(e)    on and after the Guarantee Release Date, so long as no Default or Event of Default has occurred and is continuing
or would result therefrom, in each case on the date of the declaration thereof, the Parent may declare Restricted Payments in cash to holders of its Capital Stock to the extent not prohibited by the Partnership Agreement and may pay such Restricted
Payments no later than 60 days after such date of declaration. 
 7.05    Mergers and Fundamental Changes. A Loan
Party will not, and will not permit any of its Subsidiaries to, (a) enter into any transaction of merger or consolidation or (b) liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution); provided that
(i) a Person (including a Subsidiary of the Parent but not the Borrower or the Parent) may be merged or consolidated with or into the Parent or the Borrower so long as (A) in the case of a transaction to which the Borrower is a party, the
Borrower shall be the continuing or surviving entity, (B) in the case of a transaction to which the Parent is a party, the Parent shall be the continuing or surviving entity, (C) no Default or Event of Default shall exist or be caused
thereby, and (D) the Borrower remains liable for its obligations under this Agreement and all the rights and remedies hereunder remain in full force and effect, (ii) a Subsidiary of the Parent (other than the Borrower) may merge with or
into another Subsidiary of the Parent or any other Person, provided that if one of such Subsidiaries is a Guarantor, the surviving entity must be a Guarantor, 

  
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(iii) any Subsidiary of the Parent (other than the Borrower) may liquidate, wind up or dissolve if the Parent determines in good faith that such liquidation or dissolution is in the best
interests of the Parent and is not materially disadvantageous to the Lenders; and (iv) any Dispositions otherwise permitted by this Agreement shall be permitted. 

7.06    Change in Nature of Business. The Parent will not, and will not permit any Subsidiary to, directly or
indirectly, engage in any material line of business other than the midstream oil and gas business or any business substantially related or incidental thereto. 

7.07    Use of Proceeds. The Borrower will not use the proceeds of any Credit Extension, whether directly or
indirectly, for a purpose that entails a violation of Regulation T, U or X of the FRB. The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall ensure that the Parent and its Subsidiaries and its or
their respective directors, officers, employees and agents (and such directors, officers or employees of Noble or its other Subsidiaries that serve as directors, officers or employees of, or are seconded to, the Parent or its Subsidiaries) shall not
use, the proceeds of any Borrowing or Letter of Credit (a) 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) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country or (c) in any manner that would result in the violation of any Sanctions
applicable to any party hereto. 
 7.08    Dispositions. 

(a)    Prior to the Guarantee Release Date, the Loan Parties will not, and will not permit any of their Subsidiaries to,
make any Disposition except: 
 (i)    Dispositions of inventory in the ordinary course of business; 

(ii)    Dispositions of assets no longer used or useful in the conduct of business of a Loan Party and its
Subsidiaries that are Disposed of in the ordinary course of business; 
 (iii)    Dispositions of assets
solely among the Parent and its Subsidiaries; 
 (iv)    Dispositions of accounts receivable in
connection with the collection or compromise thereof; 
 (v)    (A) Dispositions of licenses,
sublicenses, leases or subleases or (B) releases of rights of first refusal or rights of first offer held by the Parent or its Subsidiaries, in each case under this clause (v) not interfering in any material respect with the business of
the Parent and its Subsidiaries; 
 (vi)    Dispositions of cash or Cash Equivalents in the ordinary
course of business; 
 (vii)    Dispositions in which: (A) the assets being disposed of are
exchanged for replacement assets of the same or substantially similar value which 

  
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are useful in the ordinary course of business of the Parent and its Subsidiaries or (B) the net proceeds thereof are either (x) reinvested within 365 days from such Disposition in
assets to be used in the ordinary course of the business of the Parent and its Subsidiaries and/or (y) used to permanently reduce the Aggregate Commitment on a dollar for dollar basis; 

(viii)    Dispositions in the form of Restricted Payments permitted by
Sections 7.04; 
 (ix)    Dispositions resulting from any casualty or other
insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of, any property or asset of a Loan Party or any Subsidiary; 

(x)    Dispositions in the form of Investments made by the Loan Parties and their Subsidiaries; 

(xi)    Dispositions resulting from the granting of any Liens permitted by
Section 7.01; and 
 (xii)    other Dispositions not exceeding in the aggregate
on and after the Restatement Closing Date, for all Loan Parties and their Subsidiaries, 35% of Consolidated Net Tangible Assets, measured as of the date of each Disposition effected pursuant to this clause (xii) (in each case using the
financial statements most recently delivered pursuant to Section 6.01(a) or 6.01(b)). 

(b)    On or after the Guarantee Release Date, the Parent and its Subsidiaries will not Dispose of (in one transaction or
in a series of transactions) all or substantially all of the assets of the Parent and its Subsidiaries taken as a whole (in each case, whether now owned or hereafter acquired). 

(c)    On and after the Guarantee Release Date, the Loan Parties will not, and will not permit any of their Subsidiaries
to, enter into any Sale and Leaseback Transaction unless, at the time of consummation of such Sale and Leaseback Transaction and after giving effect thereto, the sum, without duplication, of (i) the aggregate outstanding amount of Attributable
Debt under all Sale and Leaseback Transactions, plus (ii) the aggregate outstanding principal amount of all Debt under Section 7.09(b)(vii), plus (iii) the aggregate outstanding principal amount of all Debt
secured by Liens under Section 7.01(y) would not exceed 15% of Consolidated Net Tangible Assets. 

7.09    Debt. 

(a)    Prior to the Guarantee Release Date, no Loan Party will, nor will it permit its Subsidiaries to, create, incur,
assume or suffer to exist any Debt except: 
 (i)    Debt incurred under this Agreement; 

(ii)    Debt set forth on Schedule 7.09, and refinancings of such Debt that do not increase the
outstanding principal amount thereof or change the obligors thereunder except by an amount equal to amounts paid for any accrued interest, breakage, premium, fees and expenses in connection with such refinancings; 

  
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 (iii)    Debt of the Parent or any Subsidiary owing to the
Parent or any of its Subsidiaries, provided that (A) such Debt shall not have been transferred to any Person other than the Parent or any of its Subsidiaries and (B) in the case of Debt owed by a Loan Party to a Subsidiary that is
not a Loan Party, such Debt is subordinated in right of payment on terms acceptable to the Administrative Agent, to the extent permitted by Law and not giving rise to material adverse tax consequences to the Borrower; 

(iv)    Guarantees of Debt permitted under this Section 7.09(a), provided
that a Subsidiary that is not a Loan Party shall not Guarantee Debt that it would not have been permitted to incur under this Section 7.09(a) if it were a primary obligor thereon; 

(v)    Debt owed in respect of (A) any overdrafts and related liabilities arising from treasury,
depository and cash management services or in connection with any automated clearing-house transfers of funds, provided that such Debt shall be repaid in full within 30 days of the incurrence thereof, and (B) the unreimbursed amount of
any drafts drawn under letters of credit, provided that such drafts shall be reimbursed in full within 5 Business Days of the applicable disbursement; 

(vi)    other Debt of the Loan Parties; provided that, after giving pro forma effect to the
incurrence of such Debt and the application of the proceeds thereof, the Parent shall be in compliance with Section 7.02(a) as of the end of the most recent fiscal quarter for which financial statements shall have been
delivered pursuant to Section 6.01(a) or 6.01(b); and 
 (vii)    other
Debt of Subsidiaries that are not Loan Parties in an aggregate principal amount not to exceed $100,000,000 outstanding at any time. 

(b)    On and after the Guarantee Release Date, no Loan Party will permit its Subsidiaries (other than any Subsidiary that
is a Loan Party or a Finco Subsidiary) to create, incur, assume or suffer to exist any Debt except: 

(i)    Debt set forth on Schedule 7.09, and refinancings of such Debt that do not increase the
outstanding principal amount thereof or change the obligors thereunder except by an amount equal to amounts paid for any accrued interest, breakage, premium, fees and expenses in connection with such refinancings; 

(ii)    Debt of any Subsidiary owing to the Parent or any of its Subsidiaries, provided that such
Debt shall not have been transferred to any Person other than the Parent or any of its Subsidiaries; 

(iii)    Guarantees of Debt of any other Subsidiary that is not a Loan Party permitted under this
Section 7.09(b), provided that a Subsidiary shall not Guarantee Debt that it would not have been permitted to incur under this Section 7.09(b) if it were a primary obligor thereon; 

  
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 (iv)    Debt owed in respect of (A) any overdrafts and
related liabilities arising from treasury, depository and cash management services or in connection with any automated clearing-house transfers of funds, provided that such Debt shall be repaid in full within 30 days of the incurrence
thereof, and (B) the unreimbursed amount of any drafts drawn under letters of credit; provided that such drafts shall be reimbursed in full within 5 Business Days of the applicable disbursement; 

(v)    Debt of any Subsidiary (A) incurred to finance the acquisition, construction or improvement of
any fixed or capital assets, including Capital Leases, provided that such Debt is incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement, or (B) assumed in connection with
the acquisition of any fixed or capital assets, and any refinancings of such Debt that do not increase the outstanding principal amount thereof except by an amount equal to amounts paid for any accrued interest, breakage, premium, fees and expenses
in connection with such refinancings; 
 (vi)    (A) Debt of any Person that becomes a Subsidiary (or of
any Person not previously a Subsidiary that is merged or consolidated with or into a Subsidiary) after the Original Closing Date, incurred prior to the time such Person becomes a Subsidiary (or is so merged or consolidated), that is not created in
contemplation of or in connection with such Person becoming a Subsidiary (or such merger or consolidation), (B) Debt secured by a Lien on property acquired by a Subsidiary, incurred prior to the acquisition thereof by such Subsidiary, that is not
created in contemplation of or in connection with such acquisition and (C) Debt refinancing (but not increasing the outstanding principal amount thereof, except by an amount equal to amounts paid for any accrued interest, breakage, premium,
fees and expenses in connection with such refinancing) any Debt described in this clause (vi); and 

(vii)    any other Debt of the Subsidiaries; provided that, at the time of the creation, incurrence
or assumption of such Debt and after giving effect thereto, the sum, without duplication, of (A) the aggregate outstanding principal amount of all such Debt created, incurred, assumed, or in existence in reliance on this clause (vii), plus
(B) the aggregate outstanding principal amount of all Debt secured by Liens under Section 7.01(y), plus (C) the aggregate outstanding amount of Attributable Debt under all Sale and Leaseback Transactions under
Section 7.08(c) does not exceed 15% of Consolidated Net Tangible Assets; 
 provided that, notwithstanding
anything to the contrary in this Section 7.09(b), in no event shall the aggregate principal amount of Debt of non-wholly owned Subsidiaries exceed $100,000,000 outstanding at any
time. 

  
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 7.10    Changes in Fiscal Year; Organization Documents. The Loan
Parties will not, and will not permit any of their Subsidiaries to, (a) change the fiscal year of the Parent and its Subsidiaries or (b) amend, modify or supplement any of the Loan Party’s or their Subsidiaries’ Organization
Documents unless, in each case, such action could not reasonably be expected to result in a Material Adverse Effect. 

7.11    Subsidiaries. The Loan Parties will not, and will not permit any Subsidiary to: 

(a)    Dispose of any Capital Stock in any Subsidiary except in compliance with Section 7.08;
provided no Loan Party will Dispose of less than 100% of the Capital Stock that it directly or indirectly owns in any Guarantor and the Parent may not Dispose of the Capital Stock in the Borrower; 

(b)    Dispose of any Capital Stock in any wholly owned Subsidiary that is the general partner of a non-wholly owned Subsidiary, or otherwise transfer or permit any Person which is not a Subsidiary of the Parent to be the general partner of any Subsidiary, except in connection with a Disposition of 100% of the
Capital Stock that it directly or indirectly owns in any Subsidiary that is permitted pursuant to Section 7.08 and Section 7.11(a); or 

(c)    create, incur, assume or suffer to exist any contract, agreement or understanding which prohibits or restricts any
Subsidiary from paying dividends or making distributions to any Loan Party, except: 
 (i)    this
Agreement or the Loan Documents; 
 (ii)    in the case of any joint venture or any non-wholly owned Subsidiary, restrictions imposed by the Organization Documents of, or set forth in agreements governing Debt of, such joint venture or Subsidiary; provided that such restrictions apply only
to such joint venture or Subsidiary; 
 (iii)    restrictions imposed by Law; 

(iv)    agreements existing as of the Restatement Closing Date and set forth on
Schedule 7.11; 
 (v)    restrictions existing in agreements governing Debt
permitted by this Agreement, provided that such restrictions, taken as a whole, are no more restrictive than the restrictions hereunder; 

(vi)    customary restrictions and conditions contained in purchase, merger or sale agreements relating to
the Capital Stock or assets of a Subsidiary pending such transaction, provided such restrictions and conditions apply only to the Subsidiary that is subject to such transaction and such transaction is permitted by this Agreement; and 

(vii)    restrictions contained in, or existing by reason of, any agreement or instrument relating to any
Subsidiary at the time such Subsidiary was merged or consolidated with or into, or acquired by, the Parent or a Subsidiary or became a Subsidiary and not created in contemplation thereof. 

  
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 7.12    Swap Contracts. The Parent will not, and will
not permit any Subsidiary to, enter into any Swap Contracts, other than Swap Contracts that are entered into not for speculative purposes, in respect of changes in interest rates, commodity prices or foreign exchange rates. 

ARTICLE VIII 
 EVENTS OF
DEFAULT AND REMEDIES 
 8.01    Events of Default. Any of the following events shall constitute an
“Event of Default”: 
 (a)    Non-Payment. Any Loan
Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within five days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any
commitment or other fee due hereunder, or any other amount payable hereunder or under any other Loan Document; 

(b)    Specific Covenants. Any Loan Party or any Subsidiary fails to perform or observe any term, covenant or
agreement contained in any of Section 6.01(d), 6.04 (with respect to the Parent’s and the Borrower’s existence), 6.07, 6.08, 6.10, 6.11 or Article VII; or 

(c)    Other Defaults. Any Loan Party or any Subsidiary fails to perform or observe any other covenant or agreement
(not specified in Section 8.01(a) or 8.01(b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after the earlier of (i) the date notice of such
failure is given by the Administrative Agent to the Borrower or (ii) the date on which such failure first became known to a Responsible Officer of the General Partner or the Borrower; 

(d)    Representations and Warranties. Any representation, warranty, certification or statement of fact made or
deemed made by or on behalf of any Loan Party in this Agreement, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading in any material respect (or, to the extent qualified by
materiality or Material Adverse Effect, in any respect) when made or deemed made; or 
 (e)    Cross Default.
(i) The Parent or any of its Subsidiaries (A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Material Debt or (B) fails to observe or
perform any other agreement or condition relating to any Material Debt or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or
to permit the holder or holders of such Material Debt to cause, the maturity of such Material Debt to be accelerated or to cause such Material Debt to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to
repurchase, prepay, defease or redeem such Debt to be made, prior to its stated maturity; provided that this clause (i) shall not apply to (x) any secured Debt that becomes due as a result

  
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of the voluntary sale or other transfer of the assets securing such Debt and is paid in accordance with its terms or (y) any Debt that becomes due as a result of a voluntary refinancing
thereof permitted under Section 7.09 and is paid in accordance with its terms; or (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event
of default under such Swap Contract as to which the Parent or any Subsidiary is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which the Parent or any
Subsidiary is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by the Parent or such Subsidiary as a result thereof is greater than the Threshold Amount; 

(f)    Insolvency Proceedings, Etc. Any Loan Party or any Subsidiary institutes or consents to the institution of
any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or
for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or
unstayed for 60 calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for 60
calendar days, or an order for relief is entered in any such proceeding; 
 (g)    Inability to Pay Debts;
Attachment. (i) Any Loan Party or any Subsidiary admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied
against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; 

(h)    Judgments. There is entered against any Loan Party or any Subsidiary final judgments or orders for the
payment of money in an aggregate amount exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage), and (i) enforcement proceedings are commenced by any
creditor upon such judgment or order or (ii) there is a period of 30 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; 

(i)    ERISA. (i) Any member of the ERISA Group shall fail to pay when due an amount or amounts aggregating in
excess of the Threshold Amount which it shall have become liable to pay under Title IV of ERISA; (ii) notice of intent to terminate a Material Plan shall be filed under Title IV of ERISA by any member of the ERISA Group, any plan administrator
or any combination of the foregoing; (iii) the PBGC shall institute proceedings under Title IV of ERISA to terminate, to impose liability (other than for premiums under Section 4007 of ERISA) in respect of, or to cause a trustee to be
appointed to administer, any Material Plan; (iv) a condition shall exist by reason of which the PBGC would be entitled to obtain a decree adjudicating that any Material Plan must be terminated; or (v) there shall occur a complete or
partial withdrawal from, or a default, within the meaning of Section 4219(c)(5) of ERISA, with respect to, one or more Multiemployer Plans, which, in the case of each of clauses (ii) - (v) above, could cause one
or more members of the ERISA Group to incur a current payment obligation in excess of the Threshold Amount in the aggregate; 

  
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 (j)    Invalidity of Loan Documents. Any Loan Document at any time
after its execution and delivery and for any reason other than as expressly permitted hereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner the
validity or enforceability of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document; or 

(k)    Change of Control. There occurs any Change of Control. 

8.02    Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent
shall, at the request of, or may, with the consent of, the Required Lenders take any or all of the following actions: 

(a)    declare the commitment of each Lender to make Loans and any obligations of any L/C Issuer to make L/C Credit
Extensions to be terminated, whereupon such commitments and obligation shall be terminated; 
 (b)    declare the unpaid
principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document with respect to the Commitments, Loans or Letters of Credit to be immediately due
and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Loan Parties; 

(c)    require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount
thereof); and 
 (d)    exercise on behalf of itself and the Lenders all rights and remedies available to it and the
Lenders under the Loan Documents or applicable law; 
 provided, however, in each case, that upon the occurrence of an Event of Default under
Section 8.01(f) or 8.01(g), the obligation of each Lender to make Loans and any obligation of each L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all
outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each
case without further act of the Administrative Agent, any Lender or any L/C Issuer. 
 8.03    Application of
Funds. After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash
Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts
(including Attorney Costs and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; 

  
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 Second, to payment of that portion of the Obligations constituting fees,
indemnities and other amounts (other than principal and interest) payable to the Lenders and the L/C Issuers (including Attorney Costs and amounts payable under Article III), ratably among them in proportion to the amounts described in this
clause Second payable to them; 
 Third, to payment of that portion of the Obligations constituting accrued and
unpaid Letter of Credit fees pursuant to Section 2.03(h) and interest on the Loans, Swing Line Loans and the L/C Borrowings, ratably among the Lenders and the L/C Issuers in proportion to the respective amounts described in
this clause Third payable to them; 
 Fourth, to payment of that portion of the Obligations constituting unpaid
principal of the Loans, Swing Line Loans and L/C Borrowings, ratably among the Lenders and the L/C Issuers in proportion to the respective amounts described in this clause Fourth held by them; 

Fifth, to the Administrative Agent, for the account of the L/C Issuers, to Cash Collateralize that portion of L/C
Obligations comprised of the aggregate undrawn amount of Letters of Credit to the extent not Cash Collateralized by the Borrower pursuant to Section 2.17; and 

Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as
otherwise required by Law. 
 Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn
amount of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully
drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 
 ARTICLE IX 

ADMINISTRATIVE AGENT 

9.01    Appointment and Authorization of Administrative Agent. Each of the Lenders and the L/C Issuers hereby
irrevocably appoints JPMorgan to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to
the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the L/C
Issuers, and none of the Parent, the Borrower or their respective Subsidiaries shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other
Loan Documents (or any other similar term) with reference to the Administrative Agent is 

  
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not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead, such term is used as a matter of market custom, and
is intended to create or reflect only an administrative relationship between contracting parties. 
 9.02    Rights
as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender or an L/C Issuer as any other Lender or L/C Issuer and may exercise the same as though it were not the
Administrative Agent and the term “Lender”, “Lenders”, “L/C Issuer” or “L/C Issuers” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the
Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with
the Parent, the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders or the L/C Issuers. 

9.03    Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations except those
expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent: 

(a)    shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing; 
 (b)    shall not have any duty to take any discretionary action or exercise any discretionary powers,
except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the
Lenders as shall be, or as the Administrative Agent shall believe in good faith to be, expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its
opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable Law, including for the avoidance of doubt any action that may be in violation of the automatic stay under
any Debtor Relief Law or that may affect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 

(c)    shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and
shall not be liable for the failure to disclose, any information relating to the Parent, the Borrower or any of their Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any
capacity. 
 The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the
request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided herein or in the other Loan
Documents) or (ii) in the absence of its own gross negligence or willful misconduct (such absence to be 

  
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preserved unless otherwise determined by a court of competent jurisdiction by final and nonappealable judgment). The Administrative Agent shall be deemed not to have knowledge of any Default
unless and until written notice (stating that it is a “notice of default”) describing such Default is given to the Administrative Agent by the Borrower, a Lender or an L/C Issuer. 

The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the sufficiency, validity, enforceability, effectiveness or genuineness of this
Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be
delivered to the Administrative Agent. 
 9.04    Reliance by Administrative Agent. The Administrative Agent
shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting
or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have
been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or amendment of a Letter of Credit, that by
its terms must be fulfilled to the satisfaction of a Lender or an L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or such L/C Issuer unless the Administrative Agent shall have received notice to
the contrary from such Lender or such L/C Issuer prior to the making of such Loan or the issuance, extension, renewal or amendment of such Letter of Credit. The Administrative Agent shall be entitled to rely on legal counsel (who may be counsel for
the Parent), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

9.05    Indemnification of Administrative Agent and L/C Issuers. Whether or not the transactions contemplated
hereby are consummated, (a) the Lenders shall severally indemnify upon demand the Administrative Agent and each Agent-Related Person related to the Administrative Agent and (b) the Lenders shall severally indemnify upon demand each L/C
Issuer and each L/C Issuer Related Person related to such L/C Issuer (in each case, to the extent not reimbursed by or on behalf of the Borrower and without limiting the obligation of the Borrower to do so), pro rata (determined as of the time at
which such indemnification is sought), and hold harmless each Agent-Related Person and each L/C Issuer Related Person from and against any and all Indemnified Liabilities incurred by it, provided that such unreimbursed Indemnified Liabilities
were incurred by or asserted against the Administrative Agent or such L/C Issuer in each case in its capacity as such or against any Agent-Related Persons or L/C Issuer Related Persons acting for the Administrative Agent or such L/C Issuer in
connection with such capacity; provided, however, that no Lender shall be liable for the payment to any Agent-Related 

  
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Person or any L/C Issuer Related Person of any portion of such Indemnified Liabilities to the extent determined in a final, nonappealable judgment by a court of competent jurisdiction to have
resulted from such Agent-Related Person’s or such L/C Issuer Related Person’s own gross negligence or willful misconduct; and provided, further, that no action taken in accordance with the directions of the Required Lenders
shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section. Without limitation of the foregoing, each Lender shall severally reimburse the Administrative Agent upon demand for its ratable share of any costs or out-of-pocket expenses (including Attorney Costs) incurred by the Administrative Agent in connection with the preparation, execution, delivery, administration, modification,
amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any other Loan Document, or any document contemplated by or referred to
herein, to the extent that the Administrative Agent is not reimbursed for such expenses by or on behalf of the Borrower. The obligations of the Lenders in this Section are subject to the provisions of Section 2.12(e) and
shall survive termination of the Aggregate Commitment, the payment of all other Obligations and the resignation of the Administrative Agent. 

9.06    Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise
its rights and powers hereunder or under any other Loan Document by or through any one or more sub agents appointed by the Administrative Agent. The Administrative Agent and any such sub agent may perform any and all of its duties and exercise its
rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub agent and to the Related Parties of the Administrative Agent and any such sub agent, and shall apply to their
respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the
selection of such sub-agents. 
 9.07    Resignation of Administrative
Agent. The Administrative Agent may at any time give notice of its resignation to the Lenders, the L/C Issuers and the Borrower. If the Administrative Agent becomes a Defaulting Lender, then the Administrative Agent may be removed as the
Administrative Agent at the reasonable request of the Borrower and the Required Lenders. Upon receipt of any such notice of resignation or removal, the Required Lenders shall have the right, in consultation with the Borrower (so long as no Event of
Default exists), to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If, in the case of resignation, no such successor shall have been so appointed
by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the Lenders and the L/C Issuers, appoint
a successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation
shall nonetheless become effective in accordance with such notice and (a) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (b) all payments,
communications and determinations provided to be made by, to or through the 

  
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Administrative Agent shall instead be made by or to each Lender and each L/C Issuer directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for
above in this Section. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring or removed
Administrative Agent, and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section).
The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Administrative Agent’s
resignation or removal hereunder and under the other Loan Documents, the provisions of this Article and Sections 10.04 and 10.05 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was acting as Administrative Agent. 

Any resignation by JPMorgan as Administrative Agent pursuant to this Section shall also constitute its resignation as an L/C Issuer and a
Swing Line Lender. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer
and retiring Swing Line Lender, (b) the retiring L/C Issuer and retiring Swing Line Lender shall be discharged from all of their respective duties and obligations hereunder and under the other Loan Documents and (c) the successor L/C
Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring L/C Issuer to effectively assume the obligations of the
retiring L/C Issuer with respect to such Letters of Credit. 

9.08    Non-Reliance on Administrative Agent and Other Lenders. Each Lender
and each L/C Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own
credit analysis and decision to enter into this Agreement. Each Lender and each L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based
on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document
furnished hereunder or thereunder. 
 9.09    No Other Duties, Etc. Anything herein to the contrary
notwithstanding, none of the Arrangers, Syndication Agents or Documentation Agents listed on the cover page hereof shall have any duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as
applicable, as the Administrative Agent, a Lender or an L/C Issuer hereunder, but all such Persons shall have the benefit of the indemnities and exculpatory provisions provided for herein. 

9.10    Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency,
liquidation, bankruptcy, reorganization, arrangement, adjustment, 

  
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composition or other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as
herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise 

(a)    to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the
Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the L/C Issuers and the Administrative Agent (including any
claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuers and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuers and the
Administrative Agent under Sections 2.03(h), 2.03(i), 2.09, 10.04 and 10.05) allowed in such judicial proceeding; and 

(b)    to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the
same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby
authorized by each Lender and each L/C Issuer to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuers, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.09,
10.04 and 10.05. 
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to
or accept or adopt on behalf of any Lender or any L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the
claim of any Lender in any such proceeding. 
 9.11    Certain ERISA Matters. 

(a)    Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and
(y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of the Administrative Agent, the Arrangers and their respective Affiliates, and not, for the
avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true: 

(i)    such Lender is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments, 

(ii)    the transaction exemption set forth in one or more PTEs, such as PTE
84-14 (a class exemption for certain transactions determined by independent 

  
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qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank
collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such
Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, 

(iii)    (A) such Lender is an investment fund managed by a “Qualified Professional Asset
Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and
perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the
requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of
Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,
or 
 (iv)    such other representation, warranty and covenant as may be agreed in writing between the
Administrative Agent, in its sole discretion, and such Lender. 
 (b)    In addition, unless clause (i) in
Section 9.11(a) is true with respect to a Lender or such Lender has not provided another representation, warranty and covenant as provided in clause (iv) in Section 9.11(a), such Lender
further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the
benefit of, the Administrative Agent, the Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that: 

(i)    none of the Administrative Agent, the Arrangers or any of their respective Affiliates is a fiduciary
with respect to the assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto), 

(ii)    the Person making the investment decision on behalf of such Lender with respect to the entrance
into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is independent (within the meaning of 29 CFR § 2510.3-21) and is a bank,
an insurance carrier, an investment adviser, a broker-dealer or other person that holds, or has under management or control, total assets of at least $50,000,000, in each case as described in 29 CFR §
2510.3-21(c)(1)(i)(A)-(E), 

  
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 (iii)    the Person making the investment decision on behalf
of such Lender with respect to the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is capable of evaluating investment risks independently, both in general
and with regard to particular transactions and investment strategies (including in respect of the Obligations), 

(iv)    the Person making the investment decision on behalf of such Lender with respect to the entrance
into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is a fiduciary under ERISA or the Code, or both, with respect to the Loans, the Letters of Credit, the Commitments and
this Agreement and is responsible for exercising independent judgment in evaluating the transactions hereunder, and 

(v)    no fee or other compensation is being paid directly to the Administrative Agent, the Arrangers or
any their respective Affiliates for investment advice (as opposed to other services) in connection with the Loans, the Letters of Credit, the Commitments or this Agreement. 

(c)    The Administrative Agent and the Arrangers hereby inform the Lenders that no such Person or any of its Affiliates
is undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person or any of its Affiliates has a financial interest in the transactions
contemplated hereby in that such Person or an Affiliate thereof (i) may receive interest or other payments with respect to the Loans, the Letters of Credit, the Commitments and this Agreement, (ii) may recognize a gain if it extended the
Loans, the Letters of Credit or the Commitments for an amount less than the amount being paid for an interest in the Loans, the Letters of Credit or the Commitments by such Lender or (iii) may receive fees or other payments in connection with
the transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent
fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees or
fees similar to the foregoing. 
 ARTICLE X 

MISCELLANEOUS 

10.01    Amendments, Etc. Except as provided in Sections 2.15, 2.16 and 3.03(b), no amendment
or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by any Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower, and acknowledged by the
Administrative Agent, and 

  
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each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or
consent shall: 
 (a)    extend or increase the Commitment of any Lender (or reinstate any Commitment terminated
pursuant to Section 8.02) without the written consent of such Lender; 
 (b)    postpone any
date fixed by this Agreement or any other Loan Document for any payment of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender directly
affected thereby; 
 (c)    reduce the principal of, or the rate of interest specified herein on, any Loan or L/C
Borrowing, or (subject to clause (iv) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender directly
affected thereby; provided, however, that only the consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the Borrower to pay interest at the Default Rate or
to amend any financial term affecting principal, interest, fees or other amounts not for the express purpose of reducing such amounts; 

(d)    change Section 2.13 or Section 8.03 in a manner that would
alter the pro rata sharing of payments or order of payments required thereby without the written consent of each Lender; 

(e)    amend Section 2.03(a)(ii)(C) in any manner that would permit a Letter of Credit to expire
after the Letter of Credit Expiration Date without the written consent of each Lender; 
 (f)    change any provision of
this Section or the definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any
consent hereunder, without the written consent of each Lender; or 
 (g)    release the Borrower, release the Parent
from the Guarantee Agreement, or except in connection with (i) a release pursuant to Section 6.10, (ii) a merger or consolidation permitted under Section 7.05 or (iii) a Disposition
permitted under Section 7.08, release all or substantially all of the Guarantors, in each case without the written consent of each Lender; 

and, provided further, that (i) no amendment, waiver or consent shall, unless in writing and signed by each L/C Issuer in addition to the Lenders
required above, affect the rights or duties of such L/C Issuer under this Agreement or any Letter of Credit Application relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing
and signed by each Swing Line Lender in addition to the Lenders required above, affect the rights or duties of such Swing Line Lender under this Agreement; (iii) no amendment, waiver or consent shall, unless in writing and signed by the
Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; (iv) each Fee Letter may be amended, or rights or privileges thereunder
waived, in a writing executed only by the parties thereto; and (v) no 

  
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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, nor the Obligations owed to any
Defaulting Lender reduced, without the consent of such Defaulting 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
disproportionately adversely relative to other affected Lenders shall require the consent of such Defaulting Lender. 

10.02    Notices; Effectiveness; Electronic Communication. 

(a)    Notices Generally. Except in the case of notices and other communications expressly permitted to be given by
telephone (and except as provided in Section 10.02(b)), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or
registered mail or sent by fax as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i)    if to the Borrower or any other Loan Party, the Administrative Agent or JPMorgan, as an L/C Issuer
or a Swing Line Lender, to the address, fax number, electronic mail address or telephone number specified for such Person on Schedule 10.02; and 

(ii)    if to any other Lender, any other Swing Line Lender or any other L/C Issuer, to the address, fax
number, electronic mail address or telephone number specified in its Administrative Questionnaire. 
 Notices sent by hand or overnight
courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by fax shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient,
shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices delivered through electronic communications to the extent provided in Section 10.02(b), shall be effective
as provided in Section 10.02(b). 
 (b)    Electronic Communications. Notices and other
communications to the Lenders and the L/C Issuers hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the
Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or any L/C Issuer pursuant to Article II if such Lender or such L/C Issuer, as applicable, has notified the Administrative Agent that it is
incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to
procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. 

  
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 Unless the Administrative Agent otherwise prescribes, (i) notices and other communications
sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be
deemed to have been sent at the opening of business on the next business day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended
recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor.

 (c)    The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE
AGENT/ARRANGER PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS,
IMPLIED OR STATUTORY, INCLUDING 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 ANY
AGENT/ARRANGER PARTY IN CONNECTION WITH THE MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent, the Arrangers or any of their Related Parties (collectively, the “Agent/Arranger Parties”) have any liability to any
Loan Party, any Lender, any L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Parent’s, Borrower’s or the Administrative Agent’s
transmission of Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Agent/Arranger Party; provided, however, that in no event shall any Agent/Arranger Party have any liability to any Loan Party, any Lender, any L/C Issuer or any other Person for indirect,
special, incidental, consequential or punitive damages (as opposed to direct or actual damages). 
 (d)    Change of
Address, Etc. Each of the Borrower, the Administrative Agent, the L/C Issuers and the Swing Line Lenders may change its address, fax or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each
other Lender may change its address, fax or telephone number for notices and other communications hereunder by notice to the Borrower, the Administrative Agent, the L/C Issuers and the Swing Line Lenders. In addition, each Lender agrees to notify
the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, fax number and electronic mail address to which notices and other communications may be
sent and (ii) accurate wire instructions for such Lender. 
 (e)    Reliance by Administrative Agent, L/C
Issuers and Lenders. The Administrative Agent, the L/C Issuers and the Lenders shall be entitled to rely and act upon any notices (including telephonic Swing Line Loan Notices) purportedly given by or on behalf of the Borrower even if
(i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms 

  
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thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify the Administrative Agent, each L/C Issuer, each Lender and the Related Parties of each
of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other telephonic communications with the
Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

10.03    No Waiver; Cumulative Remedies. No failure by any Lender, any L/C Issuer or the Administrative Agent to
exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any
other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by
law. 
 10.04    Attorney Costs, Expenses and Taxes. The Borrower agrees (a) to pay or reimburse the
Administrative Agent for all reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation, negotiation and execution of this
Agreement and the other Loan Documents and any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether or not the transactions contemplated hereby or thereby are consummated), and the consummation and
administration of the transactions contemplated hereby and thereby, including all Attorney Costs (but limited to one primary outside counsel for the Administrative Agent, and to the extent necessary, one local counsel in each relevant jurisdiction
for the Administrative Agent) and (b) to pay or reimburse the Administrative Agent and each Lender for all out-of-pocket costs and expenses incurred in connection
with the enforcement, attempted enforcement, or preservation of any rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses incurred during any “workout” or restructuring in respect of the
Obligations and during any legal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney Costs (but limited to one primary outside counsel for the Administrative Agent and the Lenders, and to the extent necessary,
(i) one local counsel in each relevant jurisdiction for the Administrative Agent and the Lenders and (ii) one counsel for each group of similarly situated Persons in the case of an actual or asserted conflict of interest among the
Administrative Agent and the Lenders). The foregoing costs and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and Other Taxes related thereto, and other reasonable
out-of-pocket expenses incurred by the Administrative Agent and the cost of independent public accountants and other outside experts retained by the Administrative Agent
or any Lender. All amounts due under this Section 10.04 shall be payable within ten Business Days after demand therefor. The agreements in this Section shall survive the termination of the Aggregate Commitment and repayment
of all other Obligations. 
 10.05    Indemnification; Damage Waiver. 

(a)    Indemnification by the Loan Parties. Whether or not the transactions contemplated hereby are consummated, the
Loan Parties shall indemnify and hold harmless each Agent-Related Person, each L/C Issuer Related Person, each Arranger, each Lender and their respective Related Parties (collectively the “Indemnitees”) from and against any and all

  
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liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and disbursements (including Attorney Costs but limited to one primary outside
counsel for the Indemnitees, and to the extent necessary, (x) one local counsel in each relevant jurisdiction for the Indemnitees and (y) one counsel for each group of similarly situated Persons in the case of an actual or asserted
conflict of interest among the Administrative Agent and the Lenders) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection
with (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the
transactions contemplated thereby, (ii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer to honor a demand for payment under a Letter of Credit if the
documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Substances on or from any property currently or formerly owned or
operated by a Loan Party or any Subsidiary of a Loan Party, or any Environmental Liability related in any way to a Loan Party or any Subsidiary of a Loan Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing, in each case whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and
regardless of whether any Indemnitee is a party thereto and regardless of whether brought by the Borrower or any of its Affiliates or any third party (all the foregoing, collectively, the “Indemnified Liabilities”), in all cases,
whether or not caused by or arising, in whole or in part, out of the negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages,
penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence or willful misconduct
of such Indemnitee, (y) material breach in bad faith of such Indemnitee’s obligations under the Loan Documents or (z) a dispute solely among Indemnitees so long as such dispute does not involve, or result from, (I) an action or
inaction by any Loan Party or any Affiliate of a Loan Party or (II) a dispute against the Administrative Agent or any Arranger in its capacity, or in fulfilling its role, as such. No Indemnitee shall be liable for any damages arising from the
use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement. All amounts due under this Section 10.05 shall be payable
within ten Business Days after demand therefore. The agreements in this Section shall survive the resignation of the Administrative Agent, the replacement of any Lender, the termination of the Aggregate Commitment and the repayment, satisfaction or
discharge of all the other Obligations. Without limiting the provisions of Section 3.01, this Section 10.05(a) shall not apply with respect to Taxes other than Taxes that represent Indemnified
Liabilities arising from any non-Tax claim. 
 (b)    Waiver of Consequential
Damages, Etc. Without limiting the Loan Parties’ indemnification obligations under Section 10.05(a) or under any other Loan Document, to the fullest extent permitted by applicable law, no party hereto shall assert,
and each hereby waives, any claim against any other party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in

  
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connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument entered into or delivered pursuant hereto, the transactions contemplated hereby or
thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by
such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages
resulting from the gross negligence or willful misconduct of such Indemnitee, as determined by a final and nonappealable judgment of a court of competent jurisdiction. 

10.06    Payments Set Aside. To the extent that any payment by or on behalf of any Loan Party is made to the
Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its right of set-off, and such payment or the proceeds of such set-off or any
part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee,
receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued
in full force and effect as if such payment had not been made or such set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of
any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. 

10.07    Successors and Assigns. 

(a)    The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns permitted hereby, except that (i) no Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (other than, in the case of any
Subsidiary that is a Guarantor, as provided in Section 7.05) and (ii) no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (A) to an assignee in accordance with the
provisions of Section 10.07(b), (B) by way of participation in accordance with the provisions of Section 10.07(d) or (C) by way of pledge or assignment of a security interest subject to the
restrictions of Section 10.07(f) or (j) (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon
any Person (other than the parties hereto, their respective successors and assigns permitted hereby, sub-agents of the Administrative Agent to the extent provided in Section 9.06,
Participants to the extent provided in Section 10.07(d) and, to the extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b)    Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under
this Agreement (including all or a portion of its Commitment and the Loans (including for purposes of this Section 10.07(b), participations in 

  
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L/C Obligations and Swing Line Loans) at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

(i)    Minimum Amounts. 

(M)    in the case of an assignment of the entire remaining amount of the assigning Lender’s
Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned, and 

(N)    in any case not described in Section 10.07(b)(i)(A), the
aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment,
determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less
than $5,000,000 unless each of the Administrative Agent and, so long as no Default or Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed; provided,
that the Borrower shall be deemed to have so consented unless it shall object thereto by written notice to the Administrative Agent within ten (10) Business Days after having received notice thereof); provided, however, that
concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single assignee (or to an assignee and members of its Assignee Group) will be treated as a single assignment for purposes of
determining whether such minimum amount has been met. 
 (ii)    Proportionate Amounts. Each
partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, except that this clause
(ii) shall not apply to any Swing Line Lender’s rights and obligations in respect of Swing Line Loans made by such Swing Line Lender. 

(iii)    Required Consents. No consent shall be required for any assignment except to the extent
required by clause (b)(i)(B) and, in addition: 
 (O)    the consent of the Borrower (such consent not
to be unreasonably withheld or delayed) shall be required unless (1) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Person that is a Lender, an Affiliate of a Lender or an
Approved Fund with respect to such Lender; provided, that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within ten (10) Business Days
after having received notice thereof; 

  
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 (P)    the consent of the Administrative Agent (such consent
not to be unreasonably withheld or delayed) shall be required for any assignment to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund with respect to such Lender; and 

(Q)    the consent of the L/C Issuers and the Swing Line Lenders (such consent not to be unreasonably
withheld or delayed) shall be required. 
 (iv)    Assignment and Assumption. The parties to each
assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, and the assignor or assignee, as the case may be, shall deliver a processing and recordation fee in the amount of $3,500; provided, however,
that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative
Questionnaire. 
 (v)    No Assignment to Certain Persons. No such assignment shall be made
(A) to the Parent, the Borrower or any of their Affiliates or Subsidiaries, (B) to any Defaulting Lender or any of its Subsidiaries, or any Person that, upon becoming a Lender hereunder, would constitute any of the foregoing Persons
described in this clause (B), or (C) to a natural person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person). 

(vi)    Certain Additional Payments. 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
Borrower 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, any L/C Issuer or any 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 Swing Line Loans in accordance with its Pro Rata Share. 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 subsection, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

  
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 (vii)    Swing Line Loans. Each assignment of Swing
Line Loans and/or rights and obligations as a Swing Line Lender shall be to another Swing Line Lender. 
 Subject to acceptance and recording thereof by the
Administrative Agent pursuant to Section 10.07(c), from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest
assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, except to the extent otherwise specifically provided hereunder, and only to the extent of the
interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement,
such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05, 10.04 and 10.05 with respect to facts and circumstances occurring prior to the effective
date of such assignment; 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. Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not
comply with this Section 10.07(b) shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 10.07(d).

 (c)    The Administrative Agent, acting solely for this purpose as a
non-fiduciary agent of the Borrower (and such agency being solely for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it (or the
equivalent thereof in electronic form) and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant
to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded
in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower, any Lender and any L/C Issuer, at any
reasonable time and from time to time upon reasonable prior notice. 
 (d)    Any Lender may at any time, without the
consent of, or notice to, the Borrower, the Administrative Agent, the L/C Issuers or the Swing Line Lenders, sell participations to any Person (other than a natural person (or a holding company, investment vehicle or trust for, or owned and operated
for the primary benefit of, a natural person) or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement
(including all or a portion of its Commitment and/or the Loans (including for purposes of this Section 10.07(d), participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i) such

  
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Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations
and (iii) the Borrower, the Administrative Agent, the other Lenders and the L/C Issuers shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement
or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement;
provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in subsections (a) through (g) of
Section 10.01 that directly affects such Participant. Subject to Section 10.07(e), the Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04
and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.07(b). To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 10.09 as though it were a Lender, provided such Participant agrees to be subject to Sections 2.13 and 10.16 as though it were a Lender. Each Lender that sells a participation
shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest)
of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant
Register (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 Loan Document) to any Person 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,
proposed United States Treasury Regulation Section 1.163-5 or any applicable temporary, final or other successor 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. 

(e)    A Participant shall not be entitled to receive any greater payment under Section 3.01 or
3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after
the Participant acquired the applicable participation. A Participant shall not be entitled to the benefits of Section 3.01 unless such Participant agrees, for the benefit of the Borrower, to comply with
Section 3.01 (including Section 3.01(f)), and be subject to Sections 3.06 and 10.16 as though it were a Lender (it being understood that the documentation required under
Section 3.01(f) shall be delivered to the participating Lender). 
 (f)    Any Lender may at
any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal
Reserve Bank or other central bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

  
 110 

 (g)    Electronic Execution of Assignments. The words
“execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the
same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures
in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state Laws based on the Uniform Electronic Transactions Act. 

(h)    As used herein, the following terms have the following meanings: 

“Approved Fund” means any Fund that is administered or managed by (i) a Lender, (ii) an Affiliate of
a Lender or (iii) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Eligible
Assignee” means any Person that meets the requirements to be an assignee under Section 10.07(b)(iii) and (b)(v) (subject to such consents, if any, as may be required under
Section 10.07(b)(iii)). 
 “Fund” means any Person (other than a natural Person)
that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 

(i)    Notwithstanding anything to the contrary contained herein, any Lender that is a Fund may create a security interest
in all or any portion of the Loans owing to it and the Note, if any, held by it to the trustee for holders of obligations owed, or securities issued, by such Fund as security for such obligations or securities, provided that unless and until
such trustee actually becomes a Lender in compliance with the other provisions of this Section 10.07, (i) no such pledge shall release the pledging Lender from any of its obligations under the Loan Documents and
(ii) such trustee shall not be entitled to exercise any of the rights of a Lender under the Loan Documents even though such trustee may have acquired ownership rights with respect to the pledged interest through foreclosure or otherwise. 

(j)    Notwithstanding anything to the contrary contained herein, if at any time any Swing Line Lender or any L/C Issuer
assigns all of its Commitment and Loans pursuant to Section 10.07(b) above, such Swing Line Lender or such L/C Issuer may, upon 30 days’ notice to the Borrower and the Lenders, resign as a Swing Line Lender or an L/C
Issuer. In the event of any such resignation as a Swing Line Lender or an L/C Issuer, the Borrower shall be entitled to appoint from among the Lenders (only if such Lender accepts such appointment) a successor L/C Issuer or Swing Line Lender
hereunder; provided, however, that no failure by the Borrower to appoint any such successor shall affect the resignation of such L/C Issuer as an L/C Issuer or such Swing Line Lender as a Swing Line Lender, as the case may be. In
connection with any such resignation, (i) such L/C Issuer shall retain all the rights and obligations of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its

  
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resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts
pursuant to Section 2.03(c)) and (ii) such Swing Line Lender shall retain all the rights of a Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective
date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c), as applicable. Upon the appointment of a
successor L/C Issuer and/or Swing Line Lender, (I) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the case may be and (II) the
successor L/C Issuer (or another L/C Issuer hereunder) shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the resigning L/C Issuer to
effectively assume the obligations of the resigning L/C Issuer with respect to such Letters of Credit. 

10.08    Confidentiality. Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality
of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential); (b) to the extent requested by any regulatory authority or
self-regulatory authority (i.e. FINRA) purporting to have jurisdiction over it; (c) to the extent required by applicable Laws or regulations or by any subpoena or similar legal process; (d) to any other party to this Agreement; (e) in
connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder; (f) subject to an agreement containing provisions substantially the same as those of
this Section, to (i) any Eligible Assignee of or Participant in, or any prospective Eligible Assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any direct or indirect contractual counterparty or
prospective counterparty (or such contractual counterparty’s or prospective counterparty’s professional advisor) to any derivative transaction relating to obligations of the Parent, the Borrower or any of their Subsidiaries or other
Affiliates; (g) with the consent of the Parent or the Borrower; (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Administrative
Agent or any Lender on a nonconfidential basis from a source other than the Parent or the Borrower; or (i) to the National Association of Insurance Commissioners or any other similar organization (including any credit insurance provider
relating to the Parent and/or the Borrower). In addition, the Administrative Agent and the Lenders may disclose, after the Original Closing Date, the existence of this Agreement and information about this Agreement to market data collectors, similar
service providers to the lending industry, and service providers to the Administrative Agent and the Lenders in connection with the administration and management of this Agreement, the other Loan Documents, the Commitments, and the Credit
Extensions. For purposes of this Section, “Information” means all information received from any Loan Party or any Subsidiary relating to such Loan Party or any Subsidiary or any of their respective businesses, other than any such
information that is available to the Administrative Agent, any Lender or any L/C Issuer on a nonconfidential basis prior to disclosure by a Loan Party or any Subsidiary and other than information pertaining to this Agreement routinely provided by
arrangers to data service providers, including league table providers, that serve the lending industry. Any Person required 

  
 112 

 
to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care
to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 
 Each of the
Administrative Agent, the Lenders and the L/C Issuers acknowledges that (i) the Information may include material non-public information concerning the Parent, its Subsidiaries or their respective
securities, as the case may be, (ii) it has developed compliance procedures regarding the use of material non-public information and (iii) it will handle such material
non-public information in accordance with applicable Law, including Federal and state securities Laws. 

10.09    Set-off. In addition to any rights and remedies of the Lenders
provided by law, upon the occurrence and during the continuance of any Event of Default, each Lender and each of its Affiliates is authorized at any time and from time to time, without prior notice to the Borrower, any such notice being waived by
the Borrower (on its own behalf and on behalf of each Loan Party) to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by, and other
indebtedness at any time owing by, such Lender or such Affiliate to or for the credit or the account of any Loan Party against any and all Obligations owing to such Lender hereunder or under any other Loan Document, now or hereafter existing,
irrespective of whether or not the Administrative Agent or such Lender shall have made demand under this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured or denominated in a currency different from
that of the applicable deposit or indebtedness. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such set-off and application made by such Lender or such Affiliate;
provided, however, that the failure to give such notice shall not affect the validity of such set-off and application. 

10.10    Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the
interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative
Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the
interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee,
or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the
Obligations hereunder. 
 10.11    Counterparts. This Agreement may be executed in one or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile or electronic mail shall be effective as delivery of manually
executed counterpart hereof and shall constitute an agreement to deliver an original executed counterpart if requested. 

  
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 10.12    Integration. This Agreement, together with the other Loan
Documents, comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event of any conflict between the provisions of
this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of the Administrative Agent or the Lenders in any other Loan Document
shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint participation of the respective parties thereto and shall be construed neither against nor in favor of any party, but rather in accordance with the
fair meaning thereof. 
 10.13    Survival of Representations and Warranties. All representations and warranties
made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or
will be relied upon by the Administrative Agent, the L/C Issuers and each Lender, regardless of any investigation made by the Administrative Agent, the L/C Issuers or any Lender or on their behalf and notwithstanding that the Administrative Agent,
any L/C Issuer or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or
any Letter of Credit shall remain outstanding. 
 10.14    Severability. If any provision of this Agreement or
the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and
(b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable
provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

10.15    Reserved. 

10.16    Replacement of Lenders. If any Lender requests compensation under Section 3.04,
or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01 and, in each case, such Lender has
declined or is unable to designate a different lending office in accordance with Section 3.06, or if any Lender suspends its obligations to make, maintain or continue Eurodollar Rate Loans pursuant to
Section 3.02 or any Lender is a Defaulting Lender, a Declining Lender or a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and
the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.07), all of its interests, rights
(other than its existing rights to payments pursuant to Section 3.01 or 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which
assignee may be another Lender, if a Lender accepts such assignment), provided that: 
 (a)    the Borrower shall
have paid to the Administrative Agent the assignment fee (if any) specified in Section 10.07(b); 

  
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 (b)    such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans and participations in L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under
Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 

(c)    in the case of any such assignment resulting from a claim for compensation under
Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; 

(d)    such assignment does not conflict with applicable Laws; 

(e)    in the case of any assignment resulting from a Lender becoming a
Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent; 

(f)    in the case of any assignment resulting from a Lender becoming a Declining Lender, the applicable assignee shall
have consented to the applicable Maturity Extension Request, it being agreed that, notwithstanding anything to the contrary set forth herein, upon the effectiveness of such assignment, the applicable assignee shall, from and after the date thereof,
be treated as a Consenting Lender for all purposes of this Agreement; and 
 (g)    in the event that such Lender is an
L/C Issuer and any one or more Letters of Credit issued by such L/C Issuer under this Agreement remain outstanding, the Borrower shall Cash Collateralize such Letters of Credit upon terms reasonably satisfactory to such L/C Issuer to secure the
Borrower’s obligations to reimburse for drawings under such Letters of Credit or make other arrangements reasonably satisfactory to such L/C Issuer with respect to such Letters of Credit including providing other credit support. 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. Solely for purposes of effecting any assignment involving a Defaulting Lender under this Section 10.16 and to the
extent permitted under applicable Laws, each Lender hereby agrees that any Assignment and Assumption done in accordance with this Section 10.16 shall be effective against a Defaulting Lender one (1) Business Day after
it has been given notice of the same, whether or not such Defaulting Lender has executed such Assignment and Assumption, and such Defaulting Lender shall be bound thereby as fully and effectively as if such Defaulting Lender had personally executed,
acknowledged and delivered the same. 
 10.17    Governing Law; Jurisdiction. 

(a)    THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

  
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 (b)    ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY
OTHER LOAN DOCUMENT SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN OR OF THE COURTS OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN, AND BY EXECUTION AND
DELIVERY OF THIS AGREEMENT, EACH LOAN PARTY, THE ADMINISTRATIVE AGENT, EACH L/C ISSUER AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH LOAN PARTY, THE ADMINISTRATIVE AGENT,
EACH L/C ISSUER AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH
JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. THE FOREGOING PROVISIONS OF THIS PARAGRAPH SHALL NOT PRECLUDE THE ADMINISTRATIVE AGENT, ANY L/C ISSUER OR ANY LENDER FROM INITIATING ANY LEGAL ACTION OR PROCEEDING IN
ANY OTHER JURISDICTION IN CONNECTION WITH THE ENFORCEMENT OF ANY JUDGMENT. EACH LOAN PARTY, THE ADMINISTRATIVE AGENT AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED
BY THE LAW OF SUCH STATE. 
 10.18    No Advisory or Fiduciary Responsibility. In connection with all aspects of
each transaction contemplated hereby, the Loan Parties acknowledge and agree that: (i) the credit facility provided for hereunder and any related arranging or other services in connection therewith (including in connection with any amendment,
waiver or other modification hereof or of any other Loan Document) are an arm’s-length commercial transaction between the Loan Parties and their Affiliates, on the one hand, and the Administrative Agent,
the Lenders, the L/C Issuers and the Arrangers, on the other hand, and the Loan Parties are capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other
Loan Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in connection with the process leading to such transaction, each of the Administrative Agent, the Lenders, the L/C Issuers and the Arrangers is and has
been acting solely as a principal and is not the financial advisor, agent or fiduciary, for the Loan Parties or any of their Affiliates, stockholders, creditors or employees or any other Person; (iii) none of the Administrative Agent, any
Lender, any L/C Issuer or any Arranger has assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Loan Parties with respect to any of the transactions contemplated hereby or the process leading thereto, including with
respect to any amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether the Administrative Agent, any Lender, any L/C Issuer or any Arranger has advised or is currently advising any Loan Party or any of
its Affiliates on other matters) and none of the Administrative Agent, any Lender, any L/C Issuer or any Arranger has any obligation to any Loan Party or any of its Affiliates with respect to the transactions contemplated hereby except those
obligations expressly set forth herein and in the other Loan Documents; (iv) the Administrative Agent, the Lenders, the L/C Issuers, the Arrangers and their respective Affiliates may be engaged in a broad range of transactions that involve
interests that differ from those of the Loan Parties and their Affiliates, and none of the 

  
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Administrative Agent, any Lender, any L/C Issuer or any Arranger has any obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) the
Administrative Agent, the Lenders, the L/C Issuers and the Arrangers have not provided and will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver
or other modification hereof or of any other Loan Document) and the Loan Parties have consulted their own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate. The Loan Parties hereby agree that they will not assert
any claim against the Administrative Agent, the Lenders, the L/C Issuers or the Arrangers for an alleged breach of fiduciary duty and agree that none of the Administrative Agent, the Lenders, the L/C Issuers or the Arrangers shall have any liability
(whether direct or indirect) to any Loan Party in respect of any fiduciary duty claim or to any Person asserting a fiduciary duty claim on behalf of or in right of any Loan Party, including any Affiliates, equity holders, employees or creditors of
any Loan Party. 
 10.19    Waiver of Right to Trial by Jury. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY
WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN
DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF
ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR
RIGHT TO TRIAL BY JURY. 
 10.20    USA PATRIOT Act Notice. Each Lender that is subject to the Patriot Act (as
hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Loan Parties that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L.
107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record information that identifies the Loan Parties, which information includes the
name and address of each Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify such Loan Party in accordance with the Patriot Act. 

10.21    Entire Agreement. This Agreement and the other Loan Documents represent the final agreement AMONG the
parties and may not be contradicted by evidence of prior, contemporaneous, or subsequent oral agreements of the parties. There are no unwritten oral agreements among the parties. 

10.22    No General Partner’s Liability for Revolving Facility. It is hereby understood and agreed that the
General Partner shall have no personal liability, as general partner or otherwise, for the payment of any amount owing or to be owing hereunder or under any other Loan Document with respect to the Commitments, Loans or Letters of Credit. In
furtherance of the foregoing, the Administrative Agent, the Lenders and the L/C Issuers agree for themselves 

  
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and their respective successors and assigns that no claim arising against the Parent, the Borrower or any of their Subsidiaries under any Loan Document with respect to the Commitments, Loans or
Letters of Credit shall be asserted against the General Partner (in its individual capacity), any claim arising against the Parent, the Borrower or any of their Subsidiaries under any Loan Document with respect to the Commitments, Loans or Letters
of Credit shall be made only against and shall be limited to the assets of the Parent, the Borrower or any of their Subsidiaries, and no judgment, order or execution entered in any suit, action or proceeding, whether legal or equitable, on this
Agreement or any of the other Loan Documents with respect to the Commitments, Loans or Letters of Credit shall be obtained or enforced against the General Partner (in its individual capacity) or its assets for the purpose of obtaining satisfaction
and payment of the Obligations with respect to the Commitments, Loans or Letters of Credit or any claims arising under this Agreement or any other Loan Document with respect to the Commitments, Loans or Letters of Credit, any right to proceed
against the General Partner individually or its respective assets being hereby expressly waived by the Administrative Agent, the Lenders and the L/C Issuers for themselves and their respective successors and assigns. 

10.23    Acknowledgement and Consent to Bail-In of EEA Financial Institutions.
Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Loan
Document may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a)    the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities
arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 
 (b)    the
effects of any Bail-In Action on any such liability, including, if applicable: 

(i)    a reduction in full or in part or cancellation of any such liability; 

(ii)    a conversion of all, or a portion of, such liability into shares or other instruments of ownership
in such EEA Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to
any such liability under this Agreement or any other Loan Document; or 
 (iii)    the variation of the
terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority. 

  
 118Exhibit 10.1

 

SECURITIES PURCHASE AGREEMENT

 

This SECURITIES PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of March 9, 2018 by and among Biohaven Pharmaceutical Holding Company Ltd., a British Virgin Islands business company (the “Company”), and the Investors identified on Exhibit A attached hereto (each an “Investor” and collectively the “Investors”).

 

RECITALS

 

A.                                    The Company and the Investors are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “1933 Act”);

 

B.                                    The Investors wish to purchase from the Company, and the Company wishes to sell and issue to the Investors, upon the terms and subject to the conditions stated in this Agreement, shares (the “Shares”) of the Company’s common shares, without par value (the “Common Shares”); and

 

C.                                    Contemporaneously with the sale of the Shares, the parties hereto will execute and deliver a Registration Rights Agreement, in the form attached hereto as Exhibit B (the “Registration Rights Agreement”), pursuant to which the Company will agree to provide certain registration rights in respect of the Shares under the 1933 Act, and the rules and regulations promulgated thereunder, and applicable state securities laws.

 

In consideration of the mutual promises made herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.                                      Definitions. For the purposes of this Agreement, the following terms shall have the meanings set forth below:

 

“Affiliate” means, with respect to any Person, any other Person which directly or indirectly through one or more intermediaries Controls, is controlled by, or is under common Control with, such Person.

 

“Business Day” means a day, other than a Saturday or Sunday, on which banks in New York City are open for the general transaction of business.

 

“Closing” has the meaning set forth in Section 3.1.

 

“Closing Date” has the meaning set forth in Section 3.1.

 

“Common Shares Equivalents” means any securities of the Company which would entitle the holder thereof to acquire at any time Common Shares, including without limitation, any debt, preferred stock, rights, options, warrants or other instrument that is at any time convertible into or exchangeable for, or otherwise entitles the holder thereof to receive, Common Shares.

 

 

“Company’s Knowledge” means the actual knowledge of the executive officers (as defined in Rule 405 under the 1933 Act) of the Company and any executive officers of the Company’s Subsidiaries.

 

“Control” (including the terms “controlling”, “controlled by” or “under common control with”) means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

 

“Disclosure Schedules” has the meaning set forth in Section 4.

 

“Environmental Laws” has the meaning set forth in Section 4.28.

 

“FDA” has the meaning set forth in Section 4.13.

 

“2017 Form 10-K” means the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, as filed with the SEC on March 6, 2018.

 

“GAAP” has the meaning set forth in Section 4.31.

 

“Investor Questionnaire” has the meaning set forth in Section 5.8.

 

“IPO Prospectus” means the Company’s final prospectus dated as of May 3, 2017, filed with the SEC pursuant to Rule 424(b) under the 1933 Act.

 

“Losses” has the meaning set forth in Section 8.2.

 

“Material Adverse Effect” means a material adverse effect on (i) the assets, liabilities, results of operations, condition (financial or otherwise) or business or prospects of the Company and its Subsidiaries taken as a whole, (ii) the legality or enforceability of any of the Transaction Documents or (iii) the ability of the Company to perform its obligations under the Transaction Documents.

 

“Material Contract” means any contract, instrument or other agreement to which the Company is a party or by which it is bound which is material to the business of the Company, including those that have been filed or were required to have been filed as an exhibit to the SEC Filings pursuant to Item 601(b)(4) and (b)(10) of Regulation S-K.

 

“NYSE” means the New York Stock Exchange.

 

“Offering Press Release” has the meaning set forth in Section 9.7.

 

“Person” means an individual, corporation, partnership, limited liability company, trust, business trust, association, joint stock company, joint venture, sole proprietorship, unincorporated organization, governmental authority or any other form of entity not specifically listed herein.

 

“Placement Agent” means Morgan Stanley & Co. LLC.

 

2

 

“Registration Rights Agreement” has the meaning set forth in the Recitals.

 

“Required Investors” has the meaning set forth in the Registration Rights Agreement.

 

“SEC Filings” means the IPO Prospectus and the filings made by the Company pursuant to the 1934 Act.

 

“Shares” has the meaning set forth in the Recitals.

 

“Short Sales” means all “short sales” as defined in Rule 200 of Regulation SHO under the 1934 Act.

 

“Subscription Amount” means, as to an Investor, the aggregate amount to be paid for the Shares purchased hereunder as specified opposite such Investor’s name on Exhibit A attached hereto, under the column entitled “Aggregate Purchase Price of Shares,” in U.S. Dollars and in immediately available funds.

 

“Subsidiary” of any Person means another Person, an amount of the voting securities, other voting ownership or voting partnership interests of which is sufficient to elect at least a majority of its Board of Directors or other governing body (or, if there are no such voting interests, 50% or more of the equity interests of which) is owned directly or indirectly by such first Person.

 

“Trading Day” means a day on which the NYSE is open for trading.

 

“Transaction Press Release” has the meaning set forth in Section 9.7.

 

“Transfer Agent” has the meaning set forth in Section 7.7.

 

“Transaction Documents” means this Agreement and the Registration Rights Agreement.

 

“USPTO” has the meaning set forth in Section 4.27(b).

 

“1933 Act” has the meaning set forth in the Recitals.

 

“1934 Act” means the Securities Exchange Act of 1934, as amended, or any successor statute, and the rules and regulations promulgated thereunder.

 

2.                                      Purchase and Sale of the Shares. On the Closing Date, upon the terms and subject to the conditions set forth herein, the Company will issue and sell, and the Investors will purchase, severally and not jointly, the number of Shares set forth opposite the name of such Investor under the heading “Number of Shares to be Purchased” on Exhibit A attached hereto at a price per Share equal to $27.50.

 

3.                                      Closing.

 

3.1.                            Upon the satisfaction of the conditions set forth in Section 6, the completion of the purchase and sale of the Shares (the “Closing”) shall occur remotely via exchange of documents and signatures at a time (the “Closing Date”) to be agreed to by the

 

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Company and the Investors, but in no event later than March 14, 2018, and of which the Investors will be notified in advance by the Placement Agent.

 

3.2.                            On the Closing Date, each Investor shall deliver or cause to be delivered to the Company the Subscription Amount via wire transfer of immediately available funds pursuant to the wire instructions delivered to such Investor by the Company prior to the Closing Date.

 

3.3.                            At or before the Closing, the Company shall deliver or cause to be delivered to each Investor a number of Shares, registered in the name of the Investor, in the amount set forth opposite the name of such Investor under the heading “Number of Shares to be Purchased” on Exhibit A attached hereto.

 

4.                                      Representations and Warranties of the Company. The Company hereby represents and warrants to the Investors that, except as set forth in the schedules delivered herewith (collectively, the “Disclosure Schedules”) and except as otherwise described in the SEC Filings, which qualify these representations and warranties in their entirety:

 

4.1.                            Organization, Good Standing and Qualification.  The Company has been duly incorporated, is validly existing as a business company in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own or lease its property and to conduct its business as described in the SEC Filings and is duly qualified to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification, except to the extent that the failure to be so qualified or be in good standing would not reasonably be expected to have a Material Adverse Effect.

 

4.2.                            Subsidiaries.  All of the Subsidiaries of the Company are set forth in the SEC Filings.  Each Subsidiary has been duly incorporated, is validly existing as a corporation in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its property and to conduct its business as described in the SEC Filings and is duly qualified to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification, except to the extent that the failure to be so qualified or be in good standing would not reasonably be expected to have a Material Adverse Effect; all of the issued shares of capital stock of each Subsidiary has been duly and validly authorized and issued, are fully paid and non-assessable (to the extent such concepts are applicable under such laws) and are owned directly by the Company, free and clear of all liens, encumbrances, equities or claims.

 

4.3.                            Authorization. The Company has the requisite corporate power and authority and has taken all requisite corporate action necessary for, and no further action on the part of the Company, its officers, directors and shareholders is necessary for, (i) the authorization, execution and delivery of the Transaction Documents, (ii) the authorization of the performance of all obligations of the Company hereunder or thereunder, and (iii) the authorization, issuance (or reservation for issuance) and delivery of the Shares. The Transaction Documents constitute the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, subject to bankruptcy, insolvency,

 

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fraudulent transfer, reorganization, moratorium and similar laws of general applicability, relating to or affecting creditors’ rights generally and to general equitable principles.

 

4.4.                            Capitalization.  Schedule 4.4 sets forth as of February 28, 2018 (a) the authorized capital stock of the Company; (b) the number of shares of capital stock issued and outstanding; (c) the number of shares of capital stock issuable pursuant to the Company’s equity plans; and (d) the number of shares of capital stock issuable and reserved for issuance pursuant to securities (other than the Shares) exercisable for, or convertible into or exchangeable for any shares of capital stock of the Company.  There have been no material changes in the share amounts set forth on Schedule 4.4 between February 28, 2018 and the date hereof.  All of the issued and outstanding shares of the Company’s capital stock have been duly authorized and validly issued and are fully paid, nonassessable and none of such shares were issued in violation of any pre-emptive rights and such shares were issued in compliance in all material respects with applicable state and federal securities law and any rights of third parties.  Except as described on Schedule 4.4 or the SEC Filings, no Person is entitled to pre-emptive or similar statutory or contractual rights with respect to the issuance by the Company of any securities of the Company. Except as described in the 2017 Form 10-K, there are no options, warrants, agreements, contracts or other rights in existence to purchase or acquire from the Company or any Subsidiary of the Company any shares of the capital stock of the Company or any Subsidiary of the Company, subject to the grant of options consistent with past practices. The description of the Company’s stock option, stock bonus and other stock plans or arrangements (the “Company Stock Plans”), and the options (the “Options”) or other rights granted thereunder, set forth in the SEC Filings accurately and fairly presents in all material respects the information required to be shown with respect to such plans, arrangements, options and rights. Each grant of an Option (A) was duly authorized no later than the date on which the grant of such Option was by its terms to be effective by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required shareholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto and (B) was made in accordance with the terms of the applicable Company Stock Plan, and all applicable laws and regulatory rules or requirements, including all applicable federal securities laws. The issuance and sale of the Shares hereunder will not obligate the Company to issue Common Shares or other securities to any other Person (other than the Investors) and will not result in the adjustment of the exercise, conversion, exchange or reset price of any outstanding security.

 

4.5.                            Valid Issuance. The Shares have been duly authorized and, when issued and delivered in accordance with the terms of this Agreement, will be validly issued, fully paid and non-assessable, and the issuance of such Shares will not be subject to any preemptive or similar rights or any restrictions on transfer or voting, except for restrictions on transfer set forth in the Transaction Documents or imposed by applicable securities laws.

 

4.6.                            No Transfer Taxes or Duties. No stamp, documentary, issuance, registration, transfer, withholding, capital gains, income or other taxes or duties are payable by or on behalf of the Investors, the Company or any of its Subsidiaries in the British Virgin Islands or to any taxing authority thereof or therein in connection with (i) the execution, delivery or

 

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consummation of this Agreement, (ii) the creation, allotment and issuance of the Shares, or (iii) the sale and delivery of the Shares to the Investors.

 

4.7.                            Other Registration Rights. Neither the offering or sale of the Shares as contemplated by this Agreement nor the filing of the Registration Statement contemplated by the Registration Rights Agreement gives rise to any rights for or relating to the registration of any Common Shares or other securities of the Company, that have not been waived. Except as described in the SEC filings and except as provided in the Registration Rights Agreement, no Person has the right to require the Company to register any securities of the Company under the 1933 Act, whether on a demand basis or in connection with the registration of securities of the Company for its own account or for the account of any other Person.

 

4.8.                            Consents, No Conflict, Breach, Violation or Default. Neither the execution and delivery by the Company of, and the performance by the Company of its obligations under, this Agreement, nor the issuance and sale of the Shares, will contravene, conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, (i) any provision of applicable law, (ii) the memorandum and articles of association of the Company, both in effect as of the date hereof (true and complete copies of which have been made available to the Investors through the EDGAR system), (iii) any Material Contract, or (iv) any judgment, order or decree of any governmental body, agency or court having jurisdiction over the Company or its Subsidiaries, except in the cases of clauses (i) and (iii) above, where such contravention, conflict, breach, violation or default would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; and no consent, approval, authorization or order of, or qualification with, any governmental body or agency is required for the performance by the Company of its obligations under this Agreement.

 

4.9.                            Delivery of SEC Filings; Business. The Company has made available to the Investors through the Electronic Data Gathering, Analysis, and Retrieval system (the “EDGAR system”), true and complete copies of the SEC Filings. The Company has made all filings required to be made pursuant to the 1934 Act. The Company is engaged in all material respects only in the business described in the SEC Filings and the SEC Filings contain a complete and accurate description in all material respects of the business of the Company.

 

4.10.                     Use of Proceeds. The net proceeds of the sale of the Shares hereunder shall be used by the Company for the purpose set forth on Schedule 4.10 hereof.

 

4.11.                     No Material Adverse Change. Since December 31, 2017, there has not been:

 

(i)                                             any change in the assets, liabilities, financial condition or operating results of the Company from that reflected in the financial statements included in the 2017 Form 10-K, except for changes in the ordinary course of business which have not had and would not reasonably be expected to have a Material Adverse Effect, individually or in the aggregate;

 

(ii)                                          any declaration or payment by the Company of any dividend, or any authorization or payment by the Company of any distribution, on any of the capital stock of

 

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the Company, or any redemption or repurchase by the Company of any securities of the Company;

 

(iii)                                       any material damage, destruction or loss, whether or not covered by insurance, to any assets or properties of the Company;

 

(iv)                                      any waiver, not in the ordinary course of business, by the Company of a material right or of a material debt owed to it;

 

(v)                                         any satisfaction or discharge of any lien, claim or encumbrance or payment of any obligation by the Company, except in the ordinary course of business and which is not material to the assets, properties, financial condition, operating results or business of the Company (as such business is presently conducted);

 

(vi)                                      any change or amendment to the Company’s memorandum and articles of association, or material change to any Material Contract, except as set forth on Schedule 4.10 hereof;

 

(vii)                                   any material labor difficulties or, to the Company’s Knowledge, labor union organizing activities with respect to employees of the Company;

 

(viii)                                any material transaction entered into by the Company other than in the ordinary course of business;

 

(ix)                                      the loss of the services of any key employee, or material change in the composition or duties of the senior management of the Company; or

 

(x)                                         any other event or condition of any character that has had or would reasonably be expected to have a Material Adverse Effect.

 

4.12.                     SEC Filings. The Company has filed all reports, schedules, forms, statements and other documents required to be filed by the Company under 1933 Act and the 1934 Act, including pursuant to Section 13(a) or 15(d) thereof, for the one year preceding the date hereof (or such shorter period as the Company was required by law or regulation to file such material). At the time of filing thereof, the SEC Filings complied as to form in all material respects with the requirements of the 1933 Act or 1934 Act, as applicable, and did not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements made therein, in the light of the circumstances under which they were made, not misleading.

 

4.13.                     Compliance. The Company and each of its Subsidiaries is not (i) in default under or in violation of (and no event has occurred that has not been waived that, with notice or lapse of time or both, would result in a default by the Company under), nor has the Company received notice of a claim that it is in default under or that it is in violation of, any indenture, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is bound (whether or not such default or violation has been waived), or (ii) in violation of any statute, rule, ordinance or regulation of any governmental authority, including without limitation all foreign, federal, state and local laws relating to taxes,

 

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environmental protection, occupational health and safety, product quality and safety and employment and labor matters, except in each case as could not have or reasonably be expected to result in a Material Adverse Effect. The Company and each of its Subsidiaries has operated and currently is in compliance in all material respects with all applicable laws, rules and regulations of the jurisdictions in which it is conducting business. The Company and each of its Subsidiaries: (i) is and at all times has been in material compliance with all statutes, rules or regulations applicable to the ownership, testing, development, manufacture, packaging, processing, use, distribution, marketing, labeling, promotion, sale, offer for sale, storage, import, export or disposal of any product under development, manufactured or distributed by the Company (“Applicable Laws”); (ii) has not received any FDA Form 483, notice of adverse finding, warning letter, untitled letter or other written correspondence or notice from the U.S. Food and Drug Administration (the “FDA”) or any other federal, state, local or foreign governmental or regulatory authority alleging or asserting material noncompliance with any Applicable Laws or any licenses, certificates, approvals, clearances, authorizations, permits and supplements or amendments thereto required by any Applicable Laws to conduct the Company’s business as described in the SEC Filings (“Authorizations”); (iii) possesses all material Authorizations and such Authorizations are valid and in full force and effect and the Company is not in material violation of any such Authorizations; (iv) has not received notice of any pending or completed claim, action, suit, proceeding, hearing, enforcement, investigation, arbitration or other action from the FDA or any other federal, state, local or foreign governmental or regulatory authority or third party alleging that any product operation or activity is in material violation of any Applicable Laws or Authorizations and the Company has no knowledge that the FDA or any other federal, state, local or foreign governmental or regulatory authority or third party is considering any such claim, litigation, arbitration, action, suit, investigation or proceeding; (v) has not received notice that the FDA or any other federal, state, local or foreign governmental or regulatory authority has taken, is taking or intends to take action to limit, suspend, modify or revoke any material Authorizations and has no knowledge that the FDA or any other federal, state, local or foreign governmental or regulatory authority is considering such action; and (vi) has filed, obtained, maintained or submitted all material reports, documents, forms, notices, applications, records, claims, submissions and supplements or amendments as required by any Applicable Laws or Authorizations and that all such reports, documents, forms, notices, applications, records, claims, submissions and supplements or amendments were materially complete and correct on the date filed (or were corrected or supplemented by a subsequent submission); (vii) neither the Company nor, to the Company’s Knowledge, any of its officers, directors or managing employees (as defined in 42 U.S.C. § 1320a-5(b)) is or has been excluded, suspended or debarred from participation in any state or federal health care program, or made subject to any pending or, to the Company’s Knowledge, threatened or contemplated action which could reasonably be expected to result in such exclusion, suspension or debarment and (viii) has not, either voluntarily or involuntarily, initiated, conducted, or issued or caused to be initiated, conducted or issued, any recall, market withdrawal or replacement, safety alert, “dear doctor” letter, or other notice or action relating to the alleged lack of safety or efficacy of any product or any alleged product defect or violation and, to the Company’s Knowledge, no third party has initiated, conducted or intends to initiate any such notice or action.

 

4.14.                     Tax Matters. The Company and each of its Subsidiaries have filed all federal, state, local and foreign tax returns required to be filed through the date of this Agreement or have requested extensions thereof (except where the failure to file would not, individually or

 

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in the aggregate, reasonably be expected to have a Material Adverse Effect) and have paid all taxes required to be paid thereon (except for cases in which the failure to pay would not have a Material Adverse Effect, or except as currently being contested in good faith and for which reserves required by GAAP have been created in the financial statements of the Company), and no unpaid tax deficiency has been determined adversely to the Company or its Subsidiaries which has had (nor does the Company or its Subsidiaries have any notice or knowledge of any unpaid tax deficiency which could reasonably be expected to be determined adversely to the Company or its Subsidiaries and which could reasonably be expected to have) a Material Adverse Effect.

 

4.15.                     PFIC. The Company was not a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for its most recent taxable year and it does not expect to be a PFIC for its current taxable year or in the foreseeable future.

 

4.16.                     It is not necessary under the laws of the British Virgin Islands (i) to enable the Investors to enforce their rights under this Agreement, provided that they are not otherwise engaged in business in the British Virgin Islands, or (ii) solely by reason of the execution, delivery or consummation of this Agreement, for any of the Investors to be qualified or entitled to carry out business in the British Virgin Islands.

 

4.17.                     This Agreement is in proper form under the laws of the British Virgin Islands for the enforcement thereof against the Company, and to ensure the legality, validity, enforceability or admissibility into evidence in the British Virgin Islands of this Agreement.

 

4.18.                     The courts of the British Virgin Islands would recognize as a valid judgment any final monetary judgment obtained against the Company in the courts of the State of New York.

 

4.19.                     Neither the Company nor any of its Subsidiaries nor any of its or their properties or assets has any immunity from the jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution or otherwise) under the laws of the British Virgin Islands. The irrevocable and unconditional waiver and agreement of the Company contained in Section 9.11 not to plead or claim any such immunity in any legal action, suit or proceeding based on this Agreement is valid and binding under the laws of the British Virgin Islands.

 

4.20.                     Choice of Law. The choice of law of the State of New York as the governing law of this Agreement is a valid choice of law under the laws of the British Virgin Islands and will be honored by the courts of the British Virgin Islands. The Company has the power to submit, and pursuant to Section 9.11 has, to the extent permitted by law, legally, validly, effectively and irrevocably submitted, to the jurisdiction of the courts specified in Section 9.11, and has the power to designate, appoint and empower, and pursuant to Section 9.12, has legally, validly and effectively designated, appointed and empowered, an agent for service of process in any suit or proceeding based on or arising under this Agreement in any of the Specified Courts.

 

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4.21.                     Title to Properties. Neither the Company nor its Subsidiaries owns any real property. The Company and its Subsidiaries have good and marketable title to all personal property owned by them which is material to the business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances and defects except such as do not materially affect the value of such property and do not materially interfere with the use made and proposed to be made of such property by the Company and its Subsidiaries; and any real property and buildings held under lease by the Company and its Subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as are not material and do not materially interfere with the use made and proposed to be made of such property and buildings by the Company and its Subsidiaries.

 

4.22.                     Certificates, Authorities and Permits. The Company and its Subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, except where failure to obtain such certificates, authorizations and permits would not reasonably be expected to have a Material Adverse Effect, and neither the Company nor its Subsidiaries has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would have a Material Adverse Effect.

 

4.23.                     Labor Matters. No material labor dispute with the employees of the Company or any of its Subsidiaries exists, or, to the knowledge of the Company, is imminent; and the Company is not aware of any existing, threatened or imminent labor disturbance by the employees of any of its principal suppliers, manufacturers or contractors that would be reasonably likely to have a Material Adverse Effect.

 

4.24.                     Foreign Corrupt Practices. (i) None of the Company or any of its Subsidiaries or Affiliates, or any director or officer thereof, or, to the Company’s Knowledge, any employee, agent or representative of the Company or any of its Subsidiaries or Affiliates, has taken or will take any action in furtherance of an offer, payment, promise to pay, or authorization or approval of the payment, giving or receipt of money, property, gifts or anything else of value, directly or indirectly, to any government official (including any officer or employee of a government or government-owned or controlled entity or of a public international organization, or any person acting in an official capacity for or on behalf of any of the foregoing, or any political party or party official or candidate for political office) (“Government Official”) in order to influence official action, or to any person in violation of any applicable anti-corruption laws; (ii) the Company and its Subsidiaries and their respective Affiliates have conducted their businesses in compliance with applicable anti-corruption laws and have instituted and maintained and will continue to maintain policies and procedures reasonably designed to promote and achieve compliance with such laws and with the representations and warranties contained herein; and (iii) neither the Company nor its Subsidiaries will use, directly or indirectly, the proceeds of the offering 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 applicable anti-corruption laws.

 

4.25.                     Anti-Money Laundering. The operations of the Company and its Subsidiaries are and have been conducted at all times in material compliance with all applicable

 

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financial recordkeeping and reporting requirements, including those of the Bank Secrecy Act, as amended by Title III of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act), and the applicable anti-money laundering statutes of jurisdictions where the Company and its subsidiaries conduct business, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Anti-Money Laundering Laws”), and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect to the Anti-Money Laundering Laws is pending or, to the knowledge of the Company, threatened.

 

4.26.                     Questionable Payments; OFAC. (a) None of the Company, any of its Subsidiaries or any director, officer or employee thereof, or, to the Company’s Knowledge, any agent, Affiliate or representative of the Company or any of its Subsidiaries, is a Person that is, or is owned or Controlled by one or more Persons that are:

 

(i)                                             the subject of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority (collectively, “Sanctions”), or

 

(ii)                                          located, organized or resident in a country or territory that is the subject of Sanctions (including, without limitation, Crimea, Cuba, Iran, North Korea, Sudan and Syria).

 

(b)                                         The Company will not, directly or indirectly, use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other Person:

 

(i)                                     to fund or facilitate any activities or business of or with any Person or in any country or territory that, at the time of such funding or facilitation, is the subject of Sanctions; or

 

(ii)                                  in any other manner that will result in a violation of Sanctions by any Person (including any Person participating in the offering, whether as underwriter, advisor, investor or otherwise).

 

(c)                                          The Company and its subsidiaries have not knowingly engaged in, are not now knowingly engaged in, and will not engage in, any dealings or transactions with any Person, or in any country or territory, that at the time of the dealing or transaction is or was the subject of Sanctions.

 

4.27.                     Intellectual Property.

 

(a)                                         The Company and its Subsidiaries own or have existing licenses under all patents, patent applications, patent rights, licenses, inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), trademarks, service marks, trade names and other

 

11

 

intellectual property used in or necessary for the conduct of the business of the Company and its Subsidiaries, in the manner described in the SEC Filings (collectively, the “Intellectual Property”), and such licenses are enforceable against the Company and, to the Company’s Knowledge, enforceable against the counterparties to the license agreements under which such licenses were granted to the Company, except as certain rights under any licenses may be limited by bankruptcy and other similar laws affecting the rights of creditors generally and general principles of equity; to the Company’s Knowledge, the patents, trademarks, and copyrights, if any, included within the Intellectual Property are valid, enforceable, and subsisting.

 

(b)                                         Except as set forth in the SEC Filings, (i) neither the Company nor any of its Subsidiaries is obligated to pay a material royalty, grant a license to, or provide other material consideration to any third party in connection with the Intellectual Property, (ii) neither the Company nor any of its Subsidiaries has received any written notice of any claim of infringement, misappropriation of or conflict with asserted rights of others with respect to any of the Company’s or its Subsidiaries’ product candidates, processes or Intellectual Property, (iii) to the Company’s Knowledge, with the exception of the review of pending applications in the United States Patent and Trademark Office (“USPTO”) or corresponding foreign patent offices, no action, suit, claim or other proceeding is pending or, to the knowledge of the Company, is threatened, challenging the Company’s or any of its Subsidiaries’ rights in or to any Intellectual Property, or challenging the validity, enforceability or scope of any Intellectual Property, (iv) to the Company’s Knowledge, none of the development, manufacture, sale or use of any of the discoveries, inventions, product candidates or processes of the Company in the manner presently contemplated by the Company and referred to in the SEC Filings do or will infringe, or violate any right or issued patent claim of any third party in any material respect, (v) to the Company’s Knowledge, no third party has any ownership right in or to any Intellectual Property that is owned by the Company, other than any co-owner of any patent constituting Intellectual Property who is listed on the records of the U.S. Patent and Trademark Office and any co-owner of any patent application constituting Intellectual Property who is named in such patent application, (vi) except as would not, individually or in the aggregate, have a Material Adverse Effect, the Intellectual Property owned by the Company and its Subsidiaries is free and clear of all liens or encumbrances, (vii) to the Company’s Knowledge, none of the Intellectual Property employed by the Company or its Subsidiaries in the conduct of the business in the manner described in the SEC Filings has been obtained or is being used by the Company or its Subsidiaries in material violation of any contractual obligation binding on the Company or, to the Company’s Knowledge, upon any of its officers, consultants, directors or employees, and (viii) the Company has taken reasonable measures to protect its confidential information and trade secrets and to maintain and safeguard the Intellectual Property.

 

4.28.                     Environmental Matters. The Company and its Subsidiaries (i) are in compliance with any and all applicable foreign, federal, state and local laws and regulations relating to the protection of human health and safety, the environment or hazardous or toxic substances or wastes, pollutants or contaminants (“Environmental Laws”), (ii) have received all permits, licenses or other approvals required of them under applicable Environmental Laws to conduct their respective businesses and (iii) are in compliance with all terms and conditions of any such permit, license or approval, except where such noncompliance with Environmental Laws, failure to receive required permits, licenses or other approvals or failure to comply with the terms and conditions of such permits, licenses or approvals would not, singly or in the

 

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aggregate, reasonably be expected to have a Material Adverse Effect. There are no costs or liabilities associated with Environmental Laws (including, without limitation, any capital or operating expenditures required for clean-up, closure of properties or compliance with Environmental Laws or any permit, license or approval, any related constraints on operating activities and any potential liabilities to third parties) which would, singly or in the aggregate, have a Material Adverse Effect.

 

4.29.                     ERISA. Except as would not, individually or in the aggregate, have (or reasonably be expected to have) a Material Adverse Effect, each employee benefit plan, within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) that the Company or any member of its “Controlled Group” (defined as any organization which is under common control with the Company within the meaning of Section 414 of the Internal Revenue Code of 1986, as amended (the “Code”)) sponsors or maintains has been maintained in compliance with its terms and the requirements of any applicable statutes, orders, rules and regulations, including but not limited to ERISA and the Code.

 

4.30.                     Legal Proceedings. There are no legal or governmental proceedings pending or, to the Company’s Knowledge, threatened to which the Company or any of its Subsidiaries is a party or to which any of the properties of the Company or any of its Subsidiaries is subject (i) other than proceedings accurately described in all material respects in the SEC Filings and proceedings that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect or (ii) that are required to be described in the SEC Filings and are not so described in all material respects; and there are no statutes, regulations, contracts or other documents that are required to be described in the SEC Filings or to be filed as exhibits to the SEC Filings that are not described in all material respects or filed as required.

 

4.31.                     Financial Statements. The financial statements of the Company and its consolidated Subsidiaries included in the 2017 Form 10-K, together with the related notes, present fairly in all material respects the financial position of the Company and its consolidated Subsidiaries at the dates indicated and, in the case of the statements of operations, shareholders’ equity and cash flows of the Company and its consolidated Subsidiaries, for the periods specified; the financial statements of the Company and its consolidated Subsidiaries included in the 2017 Form 10-K comply in all material respects with the applicable requirements of the 1934 Act and have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) applied on a consistent basis throughout the periods. Except as included therein, no historical or pro forma financial statements or supporting schedules are required to be included or incorporated by reference in the 2017 Form 10-K under the 1934 Act and the rules and regulations of the Securities Exchange Commission thereunder; all other information regarding the financial condition or results of operations of the Company or its Subsidiaries included in the 2017 Form 10-K has been derived from the accounting records of the Company and its consolidated Subsidiaries and presents fairly in all material respects the information shown thereby.

 

4.32.                     Insurance Coverage. The Company and each of its Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which they are engaged; neither the Company nor any of its Subsidiaries has been refused any insurance coverage sought or

 

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applied for; and neither the Company nor any of its Subsidiaries has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not have a Material Adverse Effect.

 

4.33.                     Compliance with NYSE Continued Listing Requirements. The Company is in compliance with applicable NYSE continued listing requirements. There are no proceedings pending or, to the Company’s Knowledge, threatened against the Company relating to the continued listing of the Common Shares on NYSE and the Company has not received any notice of, nor to the Company’s Knowledge is there any reasonable basis for, the delisting of the Common Shares from NYSE.

 

4.34.                     Brokers and Finders. Other than the Placement Agents, no Person will have, as a result of the transactions contemplated by the Transaction Documents, any valid right, interest or claim against or upon the Company or an Investor for any commission, fee or other compensation pursuant to any agreement, arrangement or understanding entered into by or on behalf of the Company. No Investor shall have any obligation with respect to any fees, or with respect to any claims made by or on behalf of other Persons for fees, in each case of the type contemplated by this Section 4.34 that may be due in connection with the transactions contemplated by this Agreement or the Transaction Documents.

 

4.35.                     No Directed Selling Efforts or General Solicitation. Neither the Company nor any of its Subsidiaries nor any Person acting on its behalf has conducted any general solicitation or general advertising (as those terms are used in Regulation D) in connection with the offer or sale of any of the Shares. The Company has offered the Shares for sale only to the Investors and certain other “accredited investors” within the meaning of Rule 501 under the 1933 Act.

 

4.36.                     No Integrated Offering. Neither the Company nor any of its Subsidiaries nor any Person acting on its behalf has, directly or indirectly, made any offers or sales of any Company security or solicited any offers to buy any Company security, under circumstances that would adversely affect reliance by the Company on Section 4(a)(2) for the exemption from registration for the transactions contemplated hereby or would require registration of the Shares under the 1933 Act.

 

4.37.                     Private Placement. Assuming the accuracy of the representations and warranties of the Investors set forth in Section 5, the offer and sale of the Shares to the Investors as contemplated hereby is exempt from the registration requirements of the 1933 Act. The issuance and sale of the shares does not contravene the rules and regulations of NYSE.

 

4.38.                     Internal Controls. Except as disclosed in the 2017 Form 10-K, the Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded

 

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accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any difference. Except as described in the 2017 Form 10-K, since the end of the Company’s most recent audited fiscal year, there has been (i) no material weakness in the Company’s internal control over financial reporting (whether or not remediated) and (ii) no change in the Company’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

 

4.39.                     Disclosure Controls. Except as disclosed in the 2017 Form 10-K, the Company maintains disclosure controls and procedures (as such term is defined in Rule 13a-15(e) under the 1934 Act) that comply with the requirements of the 1934 Act and applicable regulations thereunder; such disclosure controls and procedures have been designed to ensure that material information relating to the Company is made known to the Company’s principal executive officer and principal financial officer by others within the Company.

 

4.40.                     Disclosures. Neither the Company nor any Person acting on its behalf has provided the Investors or their agents or counsel with any information that constitutes or would reasonably be expected to constitute material, non-public information concerning the Company or its Subsidiaries, other than with respect to the transactions contemplated hereby and except as will be disclosed in the 8-K Filing (as defined below). The written materials delivered to the Investors in connection with the transactions contemplated by the Transaction Documents, when considered together with the SEC filings, do not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein, in light of the circumstances under which they were made, not misleading. The Company understands and confirms that the Investors will rely on the foregoing representations in effecting transactions in securities of the Company.

 

4.41.                     Required Filings. Except for the transactions contemplated by this Agreement, including the acquisition of the Shares contemplated hereby and the use of proceeds contemplated hereby as set forth on Schedule 4.10 hereto, no event or circumstance has occurred or information exists with respect to the Company or its business, properties, operations or financial condition, which, under applicable law, rule or regulation, requires public disclosure or announcement by the Company but which has not been so publicly announced or disclosed.

 

4.42.                     Investment Company. The Company is not required to register as an “investment company” as such term is defined in the Investment Company Act of 1940, as amended.

 

4.43.                     Tests and Preclinical and Clinical Trials. The studies, tests and preclinical and clinical trials conducted by the Company that are described in the SEC Filings, and, to the Company’s Knowledge, those studies, tests and preclinical and clinical trials conducted on behalf of the Company, were and, if still pending, are being conducted in all material respects in accordance with experimental protocols, procedures and controls pursuant to accepted professional scientific standards and all Applicable Laws and Authorizations, including, without limitation, the Federal Food, Drug and Cosmetic Act and the rules and regulations promulgated thereunder; the descriptions of the results of such studies, tests and trials contained in the SEC Filings are accurate and complete and fairly present the data derived from such studies, tests and

 

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trials in all material respects; the Company is not aware of any studies, tests or trials, the results of which the Company believes are materially inconsistent with the study, test or trial results described or referred to in the SEC Filings when viewed in the context in which such results are described and the clinical state of development; and the Company has not received any notices or written correspondence from the FDA or any other federal, state, local or foreign governmental or regulatory authority requiring the termination, suspension or material modification of any studies, tests or preclinical or clinical trials conducted by or on behalf of the Company.

 

4.44.                     Manipulation of Price. The Company has not, and, to the Company’s Knowledge, no Person acting on its behalf has taken, directly or indirectly, any action designed to cause or to result in the stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of any of the Shares.

 

4.45.                     Acknowledgement Regarding Buyers’ Trading Activity.  The Company acknowledges and agrees that (i) none of the Investors has been asked to agree, nor has any Investor agreed, to desist from purchasing or selling, long and/or short, securities of the Company, or “derivative” securities based on securities issued by the Company or to hold the Shares for any specified term; (ii) any Investor, and counter-parties in “derivative” transactions to which any such Investor is a party, directly or indirectly, presently may have a “short” position in the Shares, and (iii) each Investor shall not be deemed to have any affiliation with or control over any arm’s length counter-party in any “derivative” transaction. The Company further understands and acknowledges that one or more Investors may engage in hedging and/or trading activities at various times during the period that the Shares are outstanding and (b) such hedging and/or trading activities, if any, can reduce the value of the existing stockholders’ equity interest in the Company both at and after the time the hedging and/or trading activities are being conducted. The Company acknowledges that such aforementioned hedging and/or trading activities do not constitute a breach of this Agreement or any of the documents executed in connection herewith.

 

5.                                      Representations and Warranties of the Investors. Each of the Investors hereby severally, and not jointly, represents and warrants to the Company that:

 

5.1.                            Organization and Existence. Such Investor is a validly existing corporation, limited partnership or limited liability company and has all requisite corporate, partnership or limited liability company power and authority to enter into and consummate the transactions contemplated by the Transaction Documents and to carry out its obligations hereunder and thereunder, and to invest in the Shares pursuant to this Agreement.

 

5.2.                            Authorization. The execution, delivery and performance by such Investor of the Transaction Documents to which such Investor is a party have been duly authorized and each has been duly executed and when delivered will constitute the valid and legally binding obligation of such Investor, enforceable against such Investor in accordance with their respective terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability, relating to or affecting creditors’ rights generally.

 

5.3.                            Purchase Entirely for Own Account. The Shares to be received by such Investor hereunder will be acquired for such Investor’s own account, not as nominee or agent,

 

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and not with a view to the resale or distribution of any part thereof in violation of the 1933 Act, and such Investor has no present intention of selling, granting any participation in, or otherwise distributing the same in violation of the 1933 Act without prejudice, subject however, to such Investor’s right at all times to sell or otherwise dispose of all or any part of such Shares in compliance with applicable federal and state securities laws. Nothing contained herein shall be deemed a representation or warranty by such Investor to hold the Shares for any period of time. Such Investor is not a broker-dealer registered with the SEC under the 1934 Act or an entity engaged in a business that would require it to be so registered.

 

5.4.                            Investment Experience. Such Investor acknowledges that it can bear the economic risk and complete loss of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the investment contemplated hereby.

 

5.5.                            Disclosure of Information. Such Investor has had an opportunity to receive, review and understand all information related to the Company requested by it and to ask questions of and receive answers from the Company regarding the Company, its business and the terms and conditions of the offering of the Shares, and has conducted and completed its own independent due diligence. Such Investor acknowledges receipt of copies of the SEC Filings. Based on the information such Investor has deemed appropriate, and without reliance upon the Placement Agent, it has independently made its own analysis and decision to enter into the Transaction Documents. Such Investor is relying exclusively on its own investment analysis and due diligence (including professional advice it deems appropriate) with respect to the execution, delivery and performance of the Transaction Documents, the Shares and the business, condition (financial and otherwise), management, operations, properties and prospects of the Company, including but not limited to all business, legal, regulatory, accounting, credit and tax matters. Neither such inquiries nor any other due diligence investigation conducted by such Investor shall modify, limit or otherwise affect such Investor’s right to rely on the Company’s representations and warranties contained in this Agreement.

 

5.6.                            Restricted Securities. Such Investor understands that the Shares are characterized as “restricted securities” under the U.S. federal securities laws inasmuch as they are being acquired from the Company in a transaction not involving a public offering and that under such laws and applicable regulations such securities may be resold without registration under the 1933 Act only in certain limited circumstances.

 

5.7.                            Legends. It is understood that, except as provided below, certificates or book entry accounts evidencing the Shares may bear the following or any similar legend:

 

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND, ACCORDINGLY, MAY NOT BE TRANSFERRED UNLESS (I) SUCH SECURITIES HAVE BEEN REGISTERED FOR SALE PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED, (II) SUCH

 

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SECURITIES MAY BE SOLD PURSUANT TO RULE 144, OR (III) THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO IT THAT SUCH TRANSFER MAY LAWFULLY BE MADE WITHOUT REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

 

If required by the authorities of any state in connection with the issuance of sale of the Shares, the legend required by such state authority.

 

5.8.                            Accredited Investor. Such Investor is an “accredited investor” within the meaning of Rule 501 under the 1933 Act and has executed and delivered to the Company a questionnaire in substantially the form attached hereto as Exhibit C (the “Investor Questionnaire”), which such Investor represents and warrants is true, correct and complete. Such investor is a sophisticated institutional investor with sufficient knowledge and experience in investing in private equity transactions to properly evaluate the risks and merits of its purchase of the Shares. Such Investor has determined based on its own independent review and such professional advice as it deems appropriate that its purchase of the Shares and participation in the transactions contemplated by the Transaction Documents (i) are fully consistent with its financial needs, objectives and condition, (ii) comply and are fully consistent with all investment policies, guidelines and other restrictions applicable to such Investor, (iii) have been duly authorized and approved by all necessary action, and (iv) are a fit, proper and suitable investment for such Investor, notwithstanding the substantial risks inherent in investing in or holding the Shares.

 

5.9.                            Placement Agent. Such Investor hereby acknowledges and agrees that (a) the Placement Agent is acting solely as placement agent in connection with the execution, delivery and performance of the Transaction Documents and is not acting as an underwriter or in any other capacity and is not and shall not be construed as a fiduciary for such Investor, the Company or any other person or entity in connection with the execution, delivery and performance of the Transaction Documents, (b) the Placement Agent has not made and will not make any representation or warranty, whether express or implied, of any kind or character and has not provided any advice or recommendation in connection with the execution, delivery and performance of the Transaction Documents, (c) the Placement Agent will have no responsibility with respect to (i) any representations, warranties or agreements made by any person or entity under or in connection with the execution, delivery and performance of the Transaction Documents, or the execution, legality, validity or enforceability (with respect to any person) thereof, or (ii) the business, affairs, financial condition, operations, properties or prospects of, or any other matter concerning the Company, and (d) the Placement Agent will not have any liability or obligation (including without limitation, for or with respect to any losses, claims, damages, obligations, penalties, judgments, awards, liabilities, costs, expenses or disbursements incurred by such Investor, the Company or any other person or entity), whether in contract, tort or otherwise, to such Investor, or to any person claiming through it, in respect of the execution, delivery and performance of the Transaction Documents.

 

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5.10.                     No General Solicitation. Such Investor did not learn of the investment in the Shares as a result of any general solicitation or general advertising.

 

5.11.                     Brokers and Finders. No Person will have, as a result of the transactions contemplated by the Transaction Documents, any valid right, interest or claim against or upon the Company or an Investor for any commission, fee or other compensation pursuant to any agreement, arrangement or understanding entered into by or on behalf of such Investor.

 

5.12.                     Short Sales and Confidentiality Prior to the Date Hereof. Such Investor has not, nor has any Person acting on behalf of or pursuant to any understanding with such Investor, directly or indirectly executed any purchases or sales, including Short Sales, of the securities of the Company during the period commencing as of the time that such Investor was first contacted by the Company, the Placement Agent or any other Person regarding the transactions contemplated hereby and ending immediately prior to the date hereof. Other than to other Persons party to this Agreement, such Investor has maintained the confidentiality of all disclosures made to it in connection with this transaction (including the existence and terms of this transaction).

 

5.13.                     No Government Recommendation or Approval. Such Investor understands that no United States federal or state agency, or similar agency of any other country, has reviewed, approved, passed upon, or made any recommendation or endorsement of the Company or the purchase of the Shares.

 

5.14.                     No Intent to Effect a Change of Control. Such Investor has no present intent to effect a “change of control” of the Company as such term is understood under the rules promulgated pursuant to Section 13(d) of the 1934 Act.

 

5.15.                     No Conflicts. The execution, delivery and performance by such Investor of the Transaction Documents and the consummation by such Investor of the transactions contemplated hereby and thereby will not (i) result in a violation of the organizational documents of such Investor or (ii) conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which such Investor is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities laws) applicable to such Investor, except in the case of clauses (ii) and (iii) above, for such conflicts, defaults, rights or violations which would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect on the ability of such Investor to perform its obligations hereunder.

 

5.16.                     No Rule 506 Disqualifying Activities. Such Investor has not taken any of the actions set forth in, and is not subject to, the disqualification provisions of Rule 506(d)(1) of the 1933 Act.

 

5.17.                     Residency. Such Investor is a resident of the jurisdiction specified below its address on the Schedule of Investors.

 

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6.                                      Conditions to Closing.

 

6.1.                            Conditions to the Investors’ Obligations. The obligation of each Investor to purchase Shares at the Closing is subject to the fulfillment to such Investor’s satisfaction, on or prior to the Closing Date, of the following conditions, any of which may be waived by such Investor (as to itself only):

 

(a)                                         The representations and warranties made by the Company in Section 4 hereof shall be true and correct in all material respects (or, to the extent representations or warranties are qualified by materiality or Material Adverse Effect, in all respects) as of the date hereof and on the Closing Date, except to the extent any such representation or warranty expressly speaks as of an earlier date, in which case such representation or warranty shall be true and correct as of such earlier date. The Company shall have performed in all material respects all obligations and covenants herein required to be performed by it on or prior to the Closing Date.

 

(b)                                         The Company shall have obtained any and all consents, permits, approvals, registrations and waivers necessary for consummation of the purchase and sale of the Shares and the consummation of the other transactions contemplated by the Transaction Documents, all of which shall be in full force and effect.

 

(c)                                          The Company shall have executed and delivered the Registration Rights Agreement.

 

(d)                                         The Company shall have filed with NYSE a Notification Form: Listing of Additional Shares for the listing of the Shares, a copy of which shall have been provided to the Investors.

 

(e)                                          No judgment, writ, order, injunction, award or decree of or by any court, or judge, justice or magistrate, including any bankruptcy court or judge, or any order of or by any governmental authority, shall have been issued, and no action or proceeding shall have been instituted by any governmental authority, enjoining or preventing the consummation of the transactions contemplated hereby or in the other Transaction Documents.

 

(f)                                           There shall have been no Material Adverse Effect with respect to the Company since the date hereof.

 

(g)                                          The Company shall have delivered a certificate, executed on behalf of the Company by its Chief Executive Officer or its Chief Financial Officer, dated as of the Closing Date, certifying to the fulfillment of the conditions specified in subsections (a), (b), (d), (e), (f) and (j) of this Section 6.1.

 

(h)                                         The Company shall have delivered a Certificate, executed on behalf of the Company by its Secretary, dated as of the Closing Date, certifying the resolutions adopted by the Board of Directors of the Company approving the transactions contemplated by this Agreement and the other Transaction Documents and the issuance of the Shares, certifying the current version of the memorandum and articles of association of the Company and certifying as to the signatures and authority of persons signing the Transaction Documents and related documents on behalf of the Company.

 

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(i)               The Investors shall have received opinions from Maples and Calder, British Virgin Islands counsel for the Company, and Cooley LLP, United States counsel for the Company, dated as of the Closing Date, in form and substance reasonably acceptable to the Investors and addressing such legal matters as the Investors may reasonably request.

 

(j)               No stop order or suspension of trading shall have been imposed by the NYSE, the SEC or any other governmental or regulatory body with respect to public trading in the Common Shares.

 

(k)              The Company shall have entered into the transaction with Bristol-Myers Squibb in substantially the terms described in Schedule 4.10.

 

6.2.         Conditions to Obligations of the Company. The Company’s obligation to sell and issue Shares at the Closing is subject to the fulfillment to the satisfaction of the Company on or prior to the Closing Date of the following conditions, any of which (other than 6.2(b) and 6.2(d)) may be waived by the Company:

 

(a)              The representations and warranties made by the Investors in Section 5 hereof shall be true and correct in all material respects (except in the case of any representation or warranty qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects) when made, and shall be true and correct in all material respects on the Closing Date with the same force and effect as if they had been made on and as of said date. The Investors shall have performed in all material respects all obligations and covenants herein required to be performed by them on or prior to the Closing Date.

 

(b)              The Investor shall have executed and delivered signed copies of “investor representation letters” addressed to the Placement Agent, substantially in the form of Exhibit D attached hereto, from each Investor of Securities on the Closing Date;

 

(c)              The Investors shall have executed and delivered the Registration Rights Agreement and each Investor Questionnaire.

 

(d)              Any Investor purchasing Shares at the Closing shall have paid in full its Subscription Amount to the Company.

 

6.3.         Termination of Obligations to Effect Closing; Effects.

 

(a)              The obligations of the Company, on the one hand, and the Investors, on the other hand, to effect the Closing shall terminate as follows:

 

(i)               Upon the mutual written consent of the Company and Investors that agreed to purchase a majority of the Shares to be issued and sold pursuant to this Agreement;

 

(ii)              By the Company if any of the conditions set forth in Section 6.2 shall have become incapable of fulfillment, and shall not have been waived by the Company;

 

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(iii)             By an Investor (with respect to itself only) if any of the conditions set forth in Section 6.1 shall have become incapable of fulfillment, and shall not have been waived by the Investor; or

 

(iv)             By either the Company or any Investor (with respect to itself only) if the Closing has not occurred on or prior to March 14, 2018,

 

provided, however, that, except in the case of clause (i) above, the party seeking to terminate its obligation to effect the Closing shall not then be in breach of any of its representations, warranties, covenants or agreements contained in this Agreement or the other Transaction Documents if such breach has resulted in the circumstances giving rise to such party’s seeking to terminate its obligation to effect the Closing.

 

(b)              In the event of termination by the Company or any Investor of its obligations to effect the Closing pursuant to this Section 6.3, written notice thereof shall be given to the other Investors by the Company and the other Investors shall have the right to terminate their obligations to effect the Closing upon written notice to the Company and the other Investors. Nothing in this Section 6.3 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents.

 

7.             Covenants and Agreements of the Company.

 

7.1.         Reports. The Company will furnish to the Investors and/or their assignees such information relating to the Company as from time to time may reasonably be requested by the Investors and/or their assignees; provided, however, that the Company shall not disclose material nonpublic information to the Investors, or to advisors to or representatives of the Investors, unless prior to disclosure of such information the Company identifies such information as being material nonpublic information and provides the Investors, such advisors and representatives with the opportunity to accept or refuse to accept such material nonpublic information for review and any Investor wishing to obtain such information enters into an appropriate confidentiality agreement with the Company with respect thereto.

 

7.2.         No Conflicting Agreements. The Company will not take any action, enter into any agreement or make any commitment that would conflict or interfere in any material respect with the Company’s obligations to the Investors under the Transaction Documents.

 

7.3.         Insurance. The Company shall not materially reduce the insurance coverages described in Section 4.32.

 

7.4.         Compliance with Laws. The Company will comply in all material respects with all applicable laws, rules, regulations, orders and decrees of all governmental authorities.

 

7.5.         NYSE Listing. The Company will use commercially reasonable efforts to continue the listing and trading of its Common Shares on the NYSE and, in accordance, therewith, will use commercially reasonable efforts to comply in all respects with the Company’s reporting, filing and other obligations under the bylaws or rules of such exchange.

 

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7.6.         Termination of Covenants. The provisions of Sections 7.1 through 7.5 shall terminate and be of no further force and effect on the date on which the Company’s obligations under the Registration Rights Agreement to register or maintain the effectiveness of any registration covering the Registrable Securities (as such term is defined in the Registration Rights Agreement) shall terminate.

 

7.7.         Removal of Legends.

 

(a)           In connection with any sale, assignment, transfer or other disposition of the Shares by an Investor pursuant to Rule 144 or pursuant to any other exemption under the 1933 Act such that the purchaser acquires freely tradable shares and upon compliance by the Investor with the requirements of this Agreement, if requested by the Investor, the Company shall cause the transfer agent for the Common Shares (the “Transfer Agent”) to timely remove any restrictive legends related to the book entry account holding such Shares and make a new, unlegended entry for such book entry Shares sold or disposed of without restrictive legends within two Business Days of the request of the Investor, provided that the Company has received from the Investor customary representations and other documentation reasonably acceptable to the Company in connection therewith.

 

(b)              Subject to receipt from the Investor by the Company and the Transfer Agent of customary representations and other customary documentation reasonably acceptable to the Company and the Transfer Agent in connection therewith, upon the earliest of (i) the Shares being subject to an effective registration statement covering the resale of the Shares, (ii) such time as the Shares have been sold pursuant to Rule 144, or (iii) such time as the Shares are eligible for resale under Rule 144(b)(1) or any successor provision (such earliest date, the “Effective Date”), the Company shall (A) deliver to the Transfer Agent irrevocable instructions that the Transfer Agent shall make a new, unlegended entry for such book entry Shares, and (B) cause its counsel to deliver to the Transfer Agent, no later than two Trading Days after the Effective Date (or, if pursuant to (i) above, concurrently with the effectiveness of such registration statement), one or more opinions to the effect that the removal of such legends in such circumstances may be effected under the 1933 Act if required by the Transfer Agent to effect the removal of the legend in accordance with such irrevocable instructions and the other applicable provisions of this Agreement. The Company may not make any notation on its records or give instructions to the Transfer Agent that enlarge the restrictions on transfer set forth in this Section 7.7. Shares subject to legend removal hereunder shall be transmitted by the Transfer Agent to the Investor by crediting the account of the Investor’s prime broker with the DTC System as directed by such Investor. The Company shall be responsible for the fees of its Transfer Agent and all DTC fees associated with such issuance.

 

(c)              Each Investor, severally and not jointly with the other Investors, agrees with the Company (i) that such Investor will sell any Shares pursuant to either the registration requirements of the 1933 Act, including any applicable prospectus delivery requirements, or an exemption therefrom, (ii) that if Shares are sold pursuant to a registration statement, they will be sold in compliance with the plan of distribution set forth therein and (iii) that if, after the effective date of the Registration Statement covering the resale of the Shares, such Registration Statement is not then effective and the Company has provided notice to such Investor to that effect, such Investor will sell shares only in compliance with an exemption from the registration

 

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requirements of the 1933 Act. Each Investor acknowledges that the removal of the restrictive legend from certificates representing Shares as set forth in this Section 7.7 is predicated upon the Company’s reliance upon this understanding and that any counsel to the Company will be entitled to rely on this acknowledgment in connection with the opinion(s) described in Section 7.7(b).

 

7.8.         Subsequent Equity Sales.  From the date hereof until the date that a Registration Statement registering the resale of all Registrable Securities has been declared effective by the SEC, without the consent of the Required Investors, the Company shall not issue Common Shares or Common Shares Equivalents.  Notwithstanding the foregoing, the provisions of this Section 7.8 shall not apply to (i) the issuance of the Shares hereunder, (ii) the issuance of Common Shares or Common Shares Equivalents upon the conversion or exercise of any securities of the Company outstanding on the date hereof or outstanding pursuant to clause (iii) below, or (iii) the issuance of any Common Shares or Common Shares Equivalents pursuant to any Company stock-based compensation plans in existence on the date hereof.

 

7.9.         Use of Proceeds.  The Company shall use the net proceeds from the sale of the Shares hereunder for the purpose set forth on Schedule 4.10 hereof immediately following the Closing. Except as set forth on Schedule 4.10 attached hereto, the Company shall use the net proceeds from the sale of the Shares hereunder for working capital purposes and shall not use such proceeds: (a)  for the satisfaction of any portion of the Company’s debt (other than payment of trade payables in the ordinary course of the Company’s business and prior practices), (b) for the redemption of any Common Shares or Common Shares Equivalents, (c) for the settlement of any outstanding litigation or (d) in violation of FCPA or OFAC regulations.

 

7.10.       Short Sales and Confidentiality After the Date Hereof. Each Investor covenants that neither it nor any Affiliates acting on its behalf or pursuant to any understanding with it will execute any Short Sales during the period from the date hereof until the earlier of such time as (i) after the transactions contemplated by this Agreement are first publicly announced or (ii) this Agreement is terminated in full. Each Investor covenants that until such time as the transactions contemplated by this Agreement are publicly disclosed by the Company, such Investor will maintain the confidentiality of all disclosures made to it in connection with this transaction (including the existence and terms of this transaction).

 

7.11.       Equal Treatment of Investors.  No consideration (including any modification of any Transaction Document) shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision of the Transaction Documents unless the same consideration is also offered to all of the parties to the Transaction Documents.  For clarification purposes, this provision constitutes a separate right granted to each Investor by the Company and negotiated separately by each Investor, and is intended for the Company to treat the Investors as a class and shall not in any way be construed as the Investors acting in concert or as a group with respect to the purchase, disposition or voting of Shares or otherwise.

 

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8.             Survival and Indemnification.

 

8.1.         Survival. The representations, warranties, covenants and agreements contained in this Agreement shall survive the Closing of the transactions contemplated by this Agreement for the applicable statute of limitations.

 

8.2.         Indemnification. The Company agrees to indemnify and hold harmless each Investor and its Affiliates and their respective directors, officers, trustees, members, managers, employees and agents, and their respective successors and assigns, from and against any and all losses, claims, damages, liabilities and expenses (including without limitation reasonable attorney fees and disbursements and other expenses reasonably incurred in connection with investigating, preparing or defending any action, claim or proceeding, pending or threatened and the costs of enforcement thereof) (collectively, “Losses”) to which such Person may become subject as a result of any breach of representation, warranty, covenant or agreement made by or to be performed on the part of the Company under the Transaction Documents, and will reimburse any such Person for all such amounts as they are incurred by such Person.

 

8.3.         Conduct of Indemnification Proceedings. Any person entitled to indemnification hereunder shall (i) give prompt notice to the indemnifying party of any claim with respect to which it seeks indemnification and (ii) permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party; provided that any person entitled to indemnification hereunder shall have the right to employ separate counsel and to participate in the defense of such claim, but the fees and expenses of such counsel shall be at the expense of such person unless (a) the indemnifying party has agreed to pay such fees or expenses, (b) the indemnifying party shall have failed to assume the defense of such claim and employ counsel reasonably satisfactory to such person or (c) in the reasonable judgment of any such person, based upon written advice of its counsel, a conflict of interest exists between such person and the indemnifying party with respect to such claims (in which case, if the person notifies the indemnifying party in writing that such person elects to employ separate counsel at the expense of the indemnifying party, the indemnifying party shall not have the right to assume the defense of such claim on behalf of such person); and provided, further, that the failure of any indemnified party to give notice as provided herein shall not relieve the indemnifying party of its obligations hereunder, except to the extent that such failure to give notice shall materially adversely affect the indemnifying party in the defense of any such claim or litigation. It is understood that the indemnifying party shall not, in connection with any proceeding in the same jurisdiction, be liable for fees or expenses of more than one separate firm of attorneys at any time for all such indemnified parties. No indemnifying party will, except with the consent of the indemnified party, which consent shall not be unreasonably withheld, conditioned or delayed, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect of such claim or litigation. No indemnified party will, except with the consent of the indemnifying party, consent to entry of any judgment or enter into any settlement.

 

9.             Miscellaneous.

 

9.1.         Successors and Assigns. This Agreement may not be assigned by a party hereto without the prior written consent of the Company or the Investors, as applicable, provided, however, that an Investor may assign its rights and delegate its duties hereunder in

 

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whole or in part to an Affiliate or to a third party acquiring some or all of its Shares in a transaction complying with applicable securities laws without the prior written consent of the Company or the other Investors, provided such assignee agrees in writing to be bound by the provisions hereof that apply to Investors. The provisions of this Agreement shall inure to the benefit of and be binding upon the respective permitted successors and assigns of the parties. Without limiting the generality of the foregoing, in the event that the Company is a party to a merger, consolidation, share exchange or similar business combination transaction in which the Common Shares are converted into the equity securities of another Person, from and after the effective time of such transaction, such Person shall, by virtue of such transaction, be deemed to have assumed the obligations of the Company hereunder, the term “Company” shall be deemed to refer to such Person and the term “Shares” shall be deemed to refer to the securities received by the Investors in connection with such transaction. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective permitted successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

9.2.         Counterparts; Faxes; E-mail. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Agreement may also be executed via facsimile or e-mail, which shall be deemed an original.

 

9.3.         Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement.

 

9.4.         Notices. Unless otherwise provided, any notice required or permitted under this Agreement shall be given in writing and shall be deemed effectively given as hereinafter described (i) if given by personal delivery, then such notice shall be deemed given upon such delivery, (ii) if given by facsimile, then such notice shall be deemed given upon receipt of confirmation of complete transmittal, (iii) if given by mail, then such notice shall be deemed given upon the earlier of (A) receipt of such notice by the recipient or (B) three days after such notice is deposited in first class mail, postage prepaid, and (iv) if given by an internationally recognized overnight air courier, then such notice shall be deemed given one Business Day after delivery to such carrier. All notices shall be addressed to the party to be notified at the address as follows, or at such other address as such party may designate by ten days’ advance written notice to the other party:

 

If to the Company:

 

Biohaven Pharmaceutical Holding Company Ltd.
 c/o Biohaven Pharmaceuticals, Inc.

234 Church Street

New Haven, CT

Attn: Vlad Coric, Chief Executive Officer

 

With a copy to:

 

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Cooley LLP

One Freedom Square

Reston Town Center

11951 Freedom Drive

Reston, Virginia 20190

Facsimile: (703) 456-8100

Attn: Darren K. DeStefano

 

If to the Investors:

 

to the addresses set forth on the signature pages hereto.

 

9.5.         Expenses. The parties hereto shall pay their own costs and expenses in connection herewith regardless of whether the transactions contemplated hereby are consummated; it being understood that each of the Company and each Investor has relied on the advice of its own respective counsel. In the event that legal proceedings are commenced by any party to this Agreement against another party to this Agreement in connection with this Agreement or the other Transaction Documents, the party or parties which do not prevail in such proceedings shall severally, but not jointly, pay their pro rata share of the reasonable attorneys’ fees and other reasonable documented out-of-pocket costs and expenses incurred by the prevailing party in such proceedings.

 

9.6.         Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and (a) prior to the Closing, Investors that agreed to purchase a majority of the Shares to be issued and sold pursuant to this Agreement and (b) following the Closing, the Required Investors. Notwithstanding the foregoing, this Agreement may not be amended and the observance of any term of this Agreement may not be waived with respect to any Investor without the written consent of such Investor unless such amendment or waiver applies to all Investors in the same fashion. Any amendment or waiver effected in accordance with this paragraph shall be binding upon (i) prior to Closing, each Investor and (ii) following the Closing, each holder of any Shares purchased under this Agreement at the time outstanding, and in each case, each future holder of all such Shares and the Company.

 

9.7.         Publicity. Except as set forth below, no public release or announcement concerning the transactions contemplated hereby shall be issued by the Company or the Investors without the prior written consent of the Company (in the case of a release or announcement by the Investors) or the Investors (in the case of a release or announcement by the Company) (which consents shall not be unreasonably withheld), except as such release or announcement may be required by law or the applicable rules or regulations of any securities exchange or securities market, in which case the Company or the Investors, as the case may be, shall allow the Investors or the Company, as applicable, to the extent reasonably practicable in the circumstances, reasonable time to comment on such release or announcement in advance of such issuance. By 8:30 a.m. (New York City time) on the Trading Day immediately following the date this Agreement is executed, the Company shall issue a press release, reasonably acceptable to the Investors, disclosing all material terms of transactions contemplated by this Agreement (the

 

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“Offering Press Release”) and an additional press release describing the matters described in Schedule 4.10 hereto (the “Transaction Press Release”). No later than 9:00 a.m. (New York City time) on March 12, 2018, the Company will file a Current Report on Form 8-K (“8-K Filing”) attaching the Offering Press Release and the Transaction Press Release. In addition, the Company will make such other filings and notices in the manner and time required by the SEC or the NYSE. The parties acknowledge that from and after the issuance of the Offering Press Release and the Transaction Press Release, no Investor shall be in possession of any material, nonpublic information received from the Company or any of its respective officers, directors, employees or agents, with respect to the transactions contemplated hereby that is not disclosed in the Offering Press Release or the Transaction Press Release. The Company shall not, and shall cause each of its officers, directors, employees and agents, not to, provide any Investor with any material, nonpublic information regarding the Company or its Subsidiaries from and after the issuance of the Offering Press Release and the Transaction Press Release without the express prior written consent of such Investor. If an Investor has, or believes it has, received any such material, nonpublic information regarding the Company or any of its Subsidiaries from the Company, any of its Subsidiaries or any of their respective officers, directors, Affiliates or agents, it may provide the Company with written notice thereof. The Company shall, subject to the Company’s reasonable concurrence that the information is material, nonpublic information, within four Trading Days of receipt of such notice, make public disclosure of such material, nonpublic information. Except as contemplated by this Section 9.7 and the issuance of the foregoing press releases and the filing of the 8-K Filing, neither the Company, its Subsidiaries nor any Investor shall issue any press releases or any other public statements with respect to the transactions contemplated hereby; provided, however, that the Company shall be entitled, without the prior approval of any Investor, to make any press release or other public disclosure with respect to such transactions (i) in substantial conformity with the 8-K Filing and contemporaneously therewith and (ii) as is required by applicable law and regulations (provided that in the case of clause (i) each Investor shall be consulted by the Company in connection with any such press release or other public disclosure prior to its release). Except for the Registration Statement required to be filed pursuant to the Registration Rights Agreement, and except as otherwise required by the SEC, without the prior written consent of any applicable Investor, neither the Company nor any of its Subsidiaries or Affiliates shall disclose the name of such Investor in any filing, announcement, release or otherwise.

 

9.8.         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 but shall be interpreted as if it were written so as to be enforceable to the maximum extent permitted by applicable law, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by applicable law, the parties hereby waive any provision of law which renders any provision hereof prohibited or unenforceable in any respect.

 

9.9.         Entire Agreement. This Agreement, including the signature pages, Exhibits and the Disclosure Schedules, and the other Transaction Documents constitute the entire agreement among the parties hereof with respect to the subject matter hereof and thereof and supersede all prior agreements and understandings, both oral and written, between the parties with respect to the subject matter hereof and thereof.

 

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9.10.       Further Assurances. The parties shall execute and deliver all such further instruments and documents and take all such other actions as may reasonably be required to carry out the transactions contemplated hereby and to evidence the fulfillment of the agreements herein contained.

 

9.11.       Governing Law; Consent to Jurisdiction; Waiver of Jury Trial. This Agreement shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to the choice of law principles thereof. Each of the parties hereto irrevocably submits to the exclusive jurisdiction of the courts of the State of New York located in New York County and the United States District Court for the Southern District of New York for the purpose of any suit, action, proceeding or judgment relating to or arising out of this Agreement and the transactions contemplated hereby (each, a “Related Proceeding”). Service of process in connection with any such suit, action or proceeding may be served on each party hereto anywhere in the world by the same methods as are specified for the giving of notices under this Agreement. Each of the parties hereto irrevocably consents to the jurisdiction of any such court in any such suit, action or proceeding and to the laying of venue in such court. Each party hereto irrevocably waives any objection to the laying of venue of any such suit, action or proceeding brought in such courts and irrevocably waives any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. To the extent that the Company has or hereafter may acquire any immunity (on the grounds of sovereignty or otherwise) from the jurisdiction of any court or from any legal process with respect to itself or its property, the Company irrevocably waives, to the fullest extent permitted by law, such immunity in respect of any such suit, action or proceeding. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION WITH RESPECT TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS WAIVER.

 

9.12.       Agent. The Company hereby irrevocably appoints Biohaven Pharmaceuticals, Inc., with offices at 234 Church Street, New Haven, CT 06510, as its agent for service of process in any Related Proceeding and agrees that service of process in any such Related Proceeding may be made upon it at the office of such agent. The Company waives, to the fullest extent permitted by law, any other requirements of or objections to personal jurisdiction with respect thereto. The Company represents and warrants that such agent has agreed to act as the Company’s agent for service of process, and the Company agrees to take any and all action, including the filing of any and all documents and instruments, that may be necessary to continue such appointment in full force and effect.

 

9.13.       Independent Nature of Investors’ Obligations and Rights. The obligations of each Investor under any Transaction Document are several and not joint with the obligations of any other Investor, and no Investor shall be responsible in any way for the performance of the obligations of any other Investor under any Transaction Document. The decision of each Investor to purchase Shares pursuant to the Transaction Documents has been made by such Investor independently of any other Investor. Nothing contained herein or in any Transaction Document, and no action taken by any Investor pursuant thereto, shall be deemed to constitute the Investors as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Investors are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Documents. Each Investor

 

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acknowledges that no other Investor has acted as agent for such Investor in connection with making its investment hereunder and that no Investor will be acting as agent of such Investor in connection with monitoring its investment in the Shares or enforcing its rights under the Transaction Documents. Each Investor shall be entitled to independently protect and enforce its rights, including, without limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Investor to be joined as an additional party in any proceeding for such purpose. The Company acknowledges that each of the Investors has been provided with the same Transaction Documents for the purpose of closing a transaction with multiple Investors and not because it was required or requested to do so by any Investor.

 

9.14.       Limitation of Liability. Notwithstanding anything herein to the contrary, the Company acknowledges and agrees that the liability of an Investor arising directly or indirectly under any Transaction Document of any and every nature whatsoever shall be satisfied solely out of the assets of such Investor and that no trustee, officer, other investment vehicle or any other Affiliate of such Investor or any investor, shareholder or holder of shares of beneficial interest of such Investor shall be personally liable for any liabilities of such Investor.

 

[remainder of page intentionally left blank]

 

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IN WITNESS WHEREOF, the parties have executed this Agreement or caused their duly authorized officers to execute this Agreement as of the date first above written.

 

	
COMPANY:
    	
BIOHAVEN   PHARMACEUTICAL 
    
	
 
    	
HOLDING   COMPANY LTD.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Vlad Coric
    
	
 
    	
 
    	
Name:   
    	
Vlad   Coric
    
	
 
    	
 
    	
Title:   
    	
Chief   Executive Officer
    

 

 

	
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Title:
    	
 
    

 

	
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Name   in which Shares should be issued:

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