Document:

EX-10.1

 Exhibit 10.1 

Limited Consent and Waiver and First Amendment to Third Amended and Restated Credit Agreement 

This Limited Consent and Waiver and First Amendment to Third Amended and Restated Credit Agreement (this “First Amendment”),
dated as of July 15, 2022 (the “First Amendment Effective Date”), is among Centennial Resource Production, LLC, a Delaware limited liability company (the “Borrower”); Centennial Resource Development, Inc., a
Delaware corporation (the “Parent”); each of the other undersigned guarantors (the “Guarantors”, and together with the Borrower and the Parent, the “Credit Parties”); each of the Lenders (including
the New Lender) party hereto; and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”). 

R E C I T A L S: 
 A. The
Parent, the Borrower, the Administrative Agent and the Lenders are parties to that certain Third Amended and Restated Credit Agreement dated as of February 18, 2022 (as amended, restated, amended and restated, supplemented or otherwise modified
prior to the date hereof, the “Credit Agreement”), pursuant to which the Lenders have, subject to the terms and conditions set forth therein, made certain credit available to and on behalf of the Borrower. 

B. The Borrower has informed the Administrative Agent and the Lenders that it has entered into that certain Business Combination Agreement
dated as of May 19, 2022 (as executed, without giving effect to any subsequent amendment or modification thereto except to the extent approved by the Administrative Agent (with such approval not to be unreasonably withheld, conditioned, or
delayed), the “Colgate Merger Agreement”), among the Borrower, as “Merger Sub”, the Parent, as “Parent”, Colgate Energy Partners III, LLC, a Delaware limited liability company (“Colgate”), as
“Company”, and solely with respect to certain provisions of the Colgate Merger Agreement, Colgate Energy Partners II MidCo, LLC, a Delaware limited liability company, as “Company Unitholder”. Pursuant to the Colgate Merger
Agreement, Colgate will merge with and into the Borrower, with the Borrower resulting as the surviving company (the “Colgate Merger”). 

C. As a result of the Colgate Merger, the Credit Parties (including the New Obligated Parties, as defined below) will own all of the Oil and
Gas Properties of Colgate and its subsidiaries as set forth in the Specified Reserve Report (as defined below). 
 D. In connection with
this First Amendment, each of the entities set forth on Annex A hereto (each, a “New Obligated Party” and collectively, the “New Obligated Parties”), will be added as a “Guarantor” under the Credit
Agreement and will become a party to (by joinder or otherwise) the Guaranty Agreement and certain Security Instruments on the Colgate Merger Effective Date (defined below). 

E. The Borrower has further informed the Administrative Agent that, at least one day prior to the closing of, and as part of its steps in
order to consummate, the Colgate Merger, the Parent will (a) form Centennial Corp., a Delaware corporation (“Centennial Corp.”), and (b) contribute one percent (1%) of its limited liability company interests in the
Borrower to Centennial Corp. in exchange for all of the outstanding Equity Interests in Centennial Corp. (clause (a) and clause (b), collectively, the “Pre-Merger
Reorganization” and clause (b) individually, the “Centennial Corp. Investment”). 
  

 F. The Borrower has advised the Administrative Agent and the Lenders that (i) the Pre-Merger Reorganization is not permitted under the Credit Agreement as a result of the definition of “Change in Control” therein because such definition requires the Parent to own 100% of the Equity
Interests in the Borrower, (ii) the Centennial Corp. Investment may or may not be permitted under Section 9.05 of the Credit Agreement depending on basket capacity and certain financial calculations and (iii) the Pre-Merger Reorganization may or may not be permitted under Sections 9.12 and 9.13 of the Credit Agreement. 

G. In connection with the consummation of the Colgate Merger and the Pre-Merger Reorganization, the
Borrower has requested that the Lenders (i) consent to the Pre-Merger Reorganization and (ii) waive Sections 7.12, 8.07 and 8.14 of the Credit Agreement as they apply to Centennial Corp. pending
consummation of the Colgate Merger and effectiveness of the amendments to the Credit Agreement as set forth in Section 4. 

H. In connection with the Colgate Merger, the Borrower has further requested that U.S. Bank National Association (the “New
Lender”) become a Lender under the Credit Agreement with a Maximum Credit Amount and Elected Commitment as of the Colgate Merger Effective Date in the amounts shown on Annex I to the Credit Agreement (as amended hereby). 

I. The parties hereto desire to enter into this First Amendment to, among other things, (i) evidence the Lenders’ consent to the Pre-Merger Reorganization effective as of the First Amendment Effective Date, (ii) amend the Credit Agreement as set forth Section 4 hereof, (iii) evidence the increase of the
Borrowing Base from $1,150,000,000 to $2,500,000,000 as set forth in Section 5.1 hereof and (iv) evidence the increase of the Aggregate Elected Commitment Amount from $750,000,000 to $1,500,000,000 as set forth in
Section 5.2 hereof, in each case, as set forth herein and, in the case of the foregoing clauses (ii) through (iv), to be effective as of the Colgate Merger Effective Date. 

J. The Administrative Agent and the Lenders party hereto have agreed, subject to the terms and conditions set forth herein, to enter into this
First Amendment. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 Section 1.
Defined Terms. Each capitalized term which is defined in the Credit Agreement, but which is not defined in this First Amendment, shall have the meaning ascribed to such term in the Credit Agreement, as amended by this First Amendment. Unless
otherwise indicated, all section references in this First Amendment refer to sections of the Credit Agreement. 
 Section 2. Limited
Consent and Waiver. In reliance on the representations, warranties, covenants and agreements contained in this First Amendment, the receipt and sufficiency of which are hereby acknowledged and confessed, and notwithstanding anything to the
contrary set forth in the definition of “Change in Control” in, or in Section 9.05 of, the Credit Agreement and Sections 9.12 and 9.13 of the Credit Agreement, and subject to the satisfaction of the conditions precedent in
Section 6 hereof, the Lenders party hereto hereby consent to the Pre-Merger Reorganization and waive compliance with Sections 7.12, 8.07 and 8.14 of the Credit Agreement (the
“Limited Consent”) solely to the extent applying to Centennial Corp. so long as: 

  
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 (a) the Colgate Merger occurs in accordance with the Loan Documents, in each case, on or
prior to the Termination Time (as defined below); and 
 (b) after giving effect to this First Amendment, immediately after giving effect
to the Pre-Merger Reorganization, no Default or Event of Default has occurred and is continuing. 

Section 3. Limitations on Limited Consent. The Limited Consent granted pursuant to this First Amendment is limited solely to the Pre-Merger Reorganization. Nothing contained herein shall constitute or be deemed to constitute a consent to, extension of, or waiver of, any other action or inaction of the Borrower or any of the other Credit
Parties which constitutes (or would constitute) a violation of any provision of the Credit Agreement or any other Loan Document, or which results (or would result) in a Default or Event of Default under the Credit Agreement or any other Loan
Document, nor shall this First Amendment constitute a course of conduct or dealing among the parties. The Administrative Agent and the Lenders shall have no obligation to grant any future extensions, waivers, consents or amendments with respect to
the Credit Agreement or any other Loan Document, and the parties hereto agree that this First Amendment shall not waive, affect or diminish any right of the Administrative Agent and the Lenders to hereafter demand strict compliance with the Credit
Agreement and the other Loan Documents. 
 Section 4. Amendments. In reliance on the representations, warranties, covenants and
agreements contained in this First Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 6 and Section 7 hereof, the Credit Agreement shall be amended
effective as of the Colgate Merger Effective Date in the manner provided in this Section 4. 
 4.1 Amendments
to Credit Agreement. The Credit Agreement (other than the signature pages, Annexes, Exhibits and Schedules thereto) is hereby amended in its entirety to read as set forth Annex B attached hereto. 

4.2 Exhibit L. Exhibit L is hereby added to the Credit Agreement in the appropriate alphabetical order in the form of Exhibit L
attached hereto, and Exhibit L attached hereto shall be deemed to be attached as Exhibit L to the Credit Agreement. 
 4.3
Replacement of Annex I to Credit Agreement. Annex I to the Credit Agreement is hereby amended and restated in its entirety in the form of Annex I attached hereto, and Annex I attached hereto shall be deemed to be attached as
Annex I to the Credit Agreement. Immediately after giving effect to this First Amendment and any Borrowings made on the Colgate Merger Effective Date, (a) each Lender (including the New Lender, but excluding the Exiting Lenders (as defined
below)) who holds Loans in an aggregate amount less than its Applicable Percentage of all Loans shall advance new Loans which shall be disbursed to the Administrative Agent and used to repay Loans outstanding to each Lender who holds Loans in an
aggregate amount greater than its Applicable Percentage of all Loans (including, for the avoidance of doubt, the repayment of all Loans owing to each Exiting Lender), (b) each Lender’s (including the New Lender’s) participation in each
Letter of Credit, if any, shall be automatically adjusted to equal its Applicable 

  
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Percentage, (c) such other adjustments shall be made as the Administrative Agent shall specify so that the Revolving Credit Exposure applicable to each Lender (including the New Lender)
equals its Applicable Percentage of the aggregate Revolving Credit Exposure of all Lenders (and any other such adjustments that the Administrative Agent shall specify that provide for the payment of all accrued and unpaid interest owing to each
Exiting Lender) and (d) to the extent requested by any Lender, the Borrower shall be required to make any break funding payments owing to such Lender that are required under Section 5.02 of the Credit Agreement as a result of the
reallocation of Loans and adjustments described in this Section 4.3. 
 4.4 Replacement of Annex III to Credit
Agreement. Annex III to the Credit Agreement is hereby amended and restated in its entirety in the form of Annex III attached hereto, and Annex III attached hereto shall be deemed to be attached as Annex III to the Credit
Agreement. 
 4.5 Schedule 1.01 to Credit Agreement. Schedule 1.01 to the Credit Agreement is hereby amended and restated in its
entirety in the form of Schedule 1.01 attached hereto, and Schedule 1.01 attached hereto shall be deemed to be attached as Schedule 1.01 to the Credit Agreement. 

4.6 Schedule 1.01(a) to Credit Agreement. Schedule 1.01(a) is hereby added to the Credit Agreement in the appropriate numerical order
in the form of Schedule 1.01(a) attached hereto, and Schedule 1.01(a) attached hereto shall be deemed to be attached as Schedule 1.01(a) to the Credit Agreement. 

4.7 Schedule 7.14 to Credit Agreement. Schedule 7.14 to the Credit Agreement is hereby amended and restated in its entirety in the form
of Schedule 7.14 attached hereto, and Schedule 7.14 attached hereto shall be deemed to be attached as Schedule 7.14 to the Credit Agreement. 

Section 5. Borrowing Base and Aggregate Elected Commitment Amount. 

5.1 Borrowing Base. In reliance on the representations, warranties, covenants and agreements contained in this First Amendment, and
subject to the satisfaction of the conditions precedent set forth in Section 6 and Section 7 hereof, the Administrative Agent and each of the Lenders (including the New Lender) hereby agree that,
effective as of the Colgate Merger Amendment Effective Date, the Borrowing Base is hereby increased from $1,150,000,000 to $2,500,000,000, and the Borrowing Base shall remain at $2,500,000,000 until the next Scheduled Redetermination, Interim
Redetermination or other adjustment of the Borrowing Base thereafter, whichever occurs first pursuant to the terms of the Credit Agreement. The Borrower and the Lenders acknowledge (a) that the redetermination of the Borrowing Base provided for
in this Section 5.1 shall constitute the Scheduled Redetermination of the Borrowing Base scheduled for on or about October 1, 2022 for the purposes of Section 2.07 of the Credit Agreement, and (b) this First
Amendment shall constitute the New Borrowing Base Notice in respect thereof for purposes of Section 2.07(d) of the Credit Agreement. Notwithstanding anything contained in this First Amendment or the Credit Agreement to the contrary,
(A) none of the Borrower, the Administrative Agent, the Issuing Bank nor any Lender will request any Interim Redetermination and (B) neither Borrower nor any Restricted Subsidiary will make any Transfer of Property or series of related
Transfers of property that yields gross proceeds to the Borrower or any of its Restricted Subsidiaries in excess of a dollar amount equal to five percent (5%) of the Borrowing Base in effect as of the First Amendment Effective Date, in each case,
prior to the earlier of (x) the Colgate Merger Effective Date or (y) the Termination Time. 

  
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 5.2 Aggregate Elected Commitment Amount. In reliance on the representations,
warranties, covenants and agreements contained in this First Amendment, subject to the satisfaction of the conditions precedent set forth in Section 6 and Section 7 hereof, and in connection with
the Borrowing Base increase provided for in Section 5.1 hereof, the Administrative Agent, the Lenders (including the New Lender) and the Borrower agree that, effective as of the Colgate Merger Effective Date, the Aggregate
Elected Commitment Amount shall be increased from $750,000,000 to $1,500,000,000, and shall remain $1,500,000,000 until subsequently decreased or increased pursuant to Section 2.06 of the Credit Agreement. 

Section 6. Conditions Precedent (First Amendment Effective Date). The effectiveness of this First Amendment (including the Limited
Consent contained in Section 2 hereof) is subject to the following: 
 6.1 Counterparts. The Administrative
Agent shall have received counterparts of this First Amendment from (a) each of the Credit Parties, (b) each of the Lenders (including the New Lender) and (c) each of the Exiting Lenders. Notwithstanding the foregoing, the Limited
Consent contained in Section 2 hereof shall only require counterparts from (x) each of the Credit Parties and (y) the Majority Lenders to be effective. 

6.2 Fees and Expenses. The Administrative Agent shall have received, to the extent invoiced, all fees and other amounts due and payable
on or prior to the First Amendment Effective Date (including all fees and other amounts due and payable to the Administrative Agent on account of the Lenders). 

Section 7. Colgate Merger Effective Date Conditions Precedent. The amendments to the Credit Agreement set forth in
Section 4 of this First Amendment and the Borrowing Base and Aggregate Elected Commitment Amount increase set forth in Section 5 of this First Amendment shall become effective on the date (the
“Colgate Merger Effective Date”) on which the conditions set forth in Section 6 and the following conditions have been satisfied: 

7.1 Legal Opinions. The Administrative Agent shall have received a signed legal opinion of (a) Latham & Watkins LLP,
counsel to the Credit Parties (including the New Obligated Parties) and (b) local counsel in any jurisdictions reasonably requested by the Administrative Agent, in each case, in form and substance reasonably satisfactory to the Administrative
Agent. 
 7.2 Absence of Liens and Colgate Credit Agreement Termination. 

(a) The Administrative Agent shall have received evidence satisfactory to it (including mortgage releases and
UCC-3 financing statement terminations, as applicable) that all Liens on the Equity Interests of the New Obligated Parties and the Properties of the New Obligated Parties have been released or terminated,
subject only to the filing of applicable terminations and releases and Liens permitted under Section 9.03 of the Credit Agreement. 

  
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 (b) The Administrative Agent shall have received a payoff letter and/or termination letter
in form and substance reasonably satisfactory to the Administrative Agent evidencing that, contemporaneously with the effectiveness of the First Amendment and the making of any Loans on the Colgate Merger Effective Date, (a) the Credit
Agreement, dated as of January 19, 2018, among Colgate, as borrower, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto has been repaid in full, (b) the commitments thereunder have been
terminated, and (c) the liens securing the Debt under such agreement have been released and terminated. 
 7.3 Lien Searches (New
Obligated Parties). The Administrative Agent shall have received appropriate UCC search results and county-level real property record search results reflecting no prior Liens encumbering the Properties of, or the Equity Interests in, the New
Obligated Parties for each such New Obligated Party’s jurisdiction of organization or jurisdiction in which real property is located, as applicable, and any other jurisdiction requested by the Administrative Agent, other than those being
assigned or released on or prior to the Colgate Merger Effective Date or Liens permitted by Section 9.03 of the Credit Agreement. 

7.4 Merger Closing Certificate. The Administrative Agent shall have received a certificate of a Responsible Officer of the Credit
Parties certifying: (a) that attached to such certificate are true, accurate and complete copies of the Colgate Merger Agreement and all side letters and each other material agreement and assignment (including any assignments and bills of sale)
executed and delivered in connection with the Colgate Merger (collectively, the “Colgate Merger Documents”), (b) that substantially concurrently with any Borrowings on the Colgate Merger Effective Date, the Borrower is consummating
the Colgate Merger substantially in accordance with the terms of the Colgate Merger Documents (without any material waiver or amendment thereof not otherwise approved by the Administrative Agent, with such approval not to be unreasonably withheld,
conditioned or delayed) and the Credit Parties shall, directly or indirectly, own all of the Oil and Gas Properties of the New Obligated Parties and (c) that all governmental and third party consents and all equity holder and board of director
(or comparable entity management body) authorizations of the Colgate Merger that are conditions to the consummation of the Colgate Merger have been obtained and are in full force and effect. 

7.5 Stock Certificates and Powers. All Equity Interests of the New Obligated Parties shall have been pledged pursuant to the Security
Agreement, and the Administrative Agent shall have received all certificates representing the Equity Interests of the New Obligated Parties accompanied by any instruments of transfer and/or undated powers endorsed in blank. 

7.6 Assumption Agreement. The Administrative Agent shall have received an Assumption Agreement (as defined in the Security Agreement)
as required by Section 8.14 of the Credit Agreement, Section 4.11 of the Security Agreement and Section 26 of the Guaranty Agreement in form and substance reasonably satisfactory to the Administrative Agent, duly executed and
delivered by the New Obligated Parties. 
 7.7 Security Agreement Amendment. The Administrative Agent shall have received an
Amendment (as defined in the Security Agreement) as required by Section 4.4 of the Security Agreement in form and substance reasonably satisfactory to the Administrative Agent, duly executed and delivered by the applicable Credit Parties. 

  
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 7.8 Officer’s Certificate. The Administrative Agent shall have received a
certificate of a Responsible Officer of each Credit Party (including, for the avoidance of doubt, each New Obligated Party) setting forth (a) resolutions of its board of directors (or comparable governing body) with respect to the authorization
of such Credit Party to execute and deliver the First Amendment and the other Loan Documents to which it is a party and to enter into the transactions contemplated in those documents, (b) the officers of such Credit Party who (i) are
authorized to sign the Loan Documents to which such Credit Party is a party and (ii) will, until replaced by another officer or officers duly authorized for that purpose, act as its representative for the purposes of signing documents and
giving notices and other communications in connection with the Credit Agreement, as amended hereby, and the other Loan Documents, and the transactions contemplated thereby, (c) specimen signatures of such authorized officers, and (d) the
articles or certificate of incorporation and bylaws (or comparable organizational documents for any Credit Parties that are not corporations) of such Credit Party, certified as being true and complete. The Administrative Agent and the Lenders may
conclusively rely on such certificate until the Administrative Agent receives notice in writing from the Credit Parties to the contrary. 

7.9 UCC Financing Statements. The Administrative Agent shall have received UCC financing statements as the Administrative Agent may
request with respect to each New Obligated Party to perfect the Liens granted pursuant to the Security Instruments that may be perfected by the filing of a financing statement. 

7.10 Good Standing Certificates. The Administrative Agent shall have received certificates of the appropriate State agencies with
respect to the existence, qualification and good standing of each Credit Party (including, for the avoidance of doubt, each New Obligated Party). 

7.11 Insurance Certificates. The Administrative Agent shall have received a certificate of insurance coverage of each New Obligated
Party evidencing that the New Obligated Parties are carrying insurance in accordance with Section 7.12 of the Credit Agreement. 
 7.12
KYC Requirements. The Administrative Agent and the Lenders shall have received, and be reasonably satisfied in form and substance with, all documentation and other information required by regulatory authorities under applicable
“know-your-customer” and anti-money laundering rules and regulations, including but not restricted to the USA PATRIOT Act, to the extent that Administrative Agent and/or the Lender have requested such documentation or other information at
least two (2) Business Days prior to the Colgate Merger Effective Date. 
 7.13 Notes. The Administrative Agent shall have
received duly executed Notes payable to each Lender (including the New Lender) requesting a Note (to the extent requested at least two (2) Business Days prior to the Colgate Merger Effective Date) in a principal amount equal to its Maximum
Credit Amount (as amended hereby) dated as of the date hereof. 
 7.14 Other Documents. The Administrative Agent shall have received
such other documents as the Administrative Agent or counsel to the Administrative Agent may reasonably request. 

  
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 7.15 Fees and Expenses. The Administrative Agent shall have received, to the extent
invoiced, all fees and other amounts due and payable on or prior to the Colgate Merger Effective Date (including all fees and other amounts due and payable to the Administrative Agent on account of the Lenders (including the New Lender)). 

Section 8. New Lender. Effective as of the Colgate Merger Effective Date, the New Lender hereby joins in, becomes a party to, and
agrees to comply with and be bound by the terms and conditions of the Credit Agreement as a Lender thereunder and under each and every other Loan Document to which any Lender is required to be bound by the Credit Agreement, to the same extent as if
the New Lender were an original signatory thereto. The New Lender hereby appoints and authorizes the Administrative Agent to take such action as the Administrative Agent on its behalf and to exercise such powers and discretion under the Credit
Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers and discretion as are reasonably incidental thereto. The New Lender represents and warrants that (a) it has full power and authority, and has
taken all action necessary, to execute and deliver this First Amendment, to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (b) it has received a copy of the Credit Agreement and copies of the
most recent financial statements delivered pursuant to Section 8.01 thereof, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this First Amendment and to become a
Lender on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (c) from and after the Colgate Merger Effective Date, it shall be a party to and be
bound by the provisions of the Credit Agreement and the other Loan Documents and have the rights and obligations of a Lender thereunder. 

Section 9. Post-Closing. 

9.1 Within thirty (30) calendar days after the Colgate Merger Effective Date (or such later date as may be extended by the Administrative
Agent in its sole discretion), the Administrative Agent shall (a) have received title information, as the Administrative Agent may reasonably require, setting forth the status of title to at least eighty-five percent (85%) of the total value of
the Proved Oil and Gas Properties evaluated in the most recently delivered Reserve Report prior to the First Amendment Effective Date, including any Engineering Reports relating to the Oil and Gas Properties of Colgate and its subsidiaries
(collectively, the “Specified Reserve Report”) and (b) be reasonably satisfied that the Security Instruments create first priority, perfected Liens (subject only to Liens permitted under Section 9.03 of the Credit
Agreement) on, among other things, at least eighty-five percent (85%) of the total value of the Proved Oil and Gas Properties evaluated in the Specified Reserve Report. 

9.2 Within sixty (60) calendar days after the Colgate Merger Effective Date (or such later date as may be extended by the Administrative
Agent in its sole discretion), with respect to each Deposit Account, Commodity Account and Securities Account (in each case, as defined in the Security Agreement) of the New Obligated Parties in existence on the Colgate Merger Effective Date, the
Administrative Agent shall have received from the New Obligated Parties duly executed Control Agreements (as defined in the Security Agreement) in accordance with and to the extent required by the Security Agreement. 

  
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 Section 10. Termination. If for any reason the “Closing” as defined in
the Business Combination Agreement, dated as of May 19, 2022, by and among Colgate Energy Partners III, LLC, Centennial Resource Development, Inc., Centennial Resource Production, LLC and Colgate Energy Partners III Midco, LLC (as in effect as
of the date of this First Amendment) does not occur on or prior to 5:00 p.m. Denver, Colorado time, on November 30, 2022 (or such later date and time as the Administrative Agent and the Lenders (other than the Exiting Lenders) having greater
than fifty percent (50%) of the Aggregate Maximum Credit Amounts (excluding the Maximum Credit Amounts of the Exiting Lenders) may agree to in writing in their sole discretion) (the “Termination Time”), then this First Amendment
shall be deemed to have terminated effective as of the Termination Time, and this First Amendment shall become void and of no further force or effect without any further action by or liability to any party hereto or its respective Indemnitees, and
following such termination, the Credit Agreement and the Loan Documents shall continue in full force and effect without giving any effect to this First Amendment. 

Section 11. Miscellaneous. 

11.1 Confirmation and Effect. The provisions of the Credit Agreement (as amended by this First Amendment) shall remain in full force
and effect in accordance with its terms following the effectiveness of this First Amendment, and this First Amendment shall not constitute a waiver of any provision of the Credit Agreement or any other Loan Document, except as expressly provided for
in Section 2 herein. From and after the Colgate Merger Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof’, “herein”, or words of like
import shall mean and be a reference to the Credit Agreement as amended hereby and giving effect to the matters provided for in Sections 4, 5 and 8, and each reference to the Credit Agreement in any other document, instrument or agreement executed
and/or delivered in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby and giving effect to the matters provided for in Sections 4, 5 and 8. 

11.2 Ratification and Affirmation of Credit Parties. Each of the Credit Parties hereby expressly (a) acknowledges the terms of
this First Amendment, (b) ratifies and affirms its obligations under the Credit Agreement, the Guaranty Agreement and the other Loan Documents to which it is a party, (c) acknowledges, renews and extends its continued liability under the
Credit Agreement, the Guaranty Agreement and the other Loan Documents to which it is a party, (d) agrees that its guarantee under the Guaranty Agreement and the other Loan Documents to which it is a party remains in full force and effect with
respect to the Indebtedness as amended hereby, (e) represents and warrants to the Lenders and the Administrative Agent that each representation and warranty of such Credit Party contained in the Credit Agreement, the Guaranty Agreement and the
other Loan Documents to which it is a party is true and correct in all material respects as of the date hereof and after giving effect to this First Amendment except (i) to the extent any such representations and warranties are expressly
limited to an earlier date, in which case, on and as of the date hereof, such representations and warranties shall continue to be true and correct as of such specified earlier date, and (ii) to the extent that any such representation and
warranty is expressly qualified by materiality or by reference to Material Adverse Effect, such representation and warranty (as so qualified) shall continue to be true and correct in all respects, (f) represents and warrants to the Lenders and
the Administrative Agent that the execution, delivery and performance by such Credit Party of this First Amendment are within such Credit Party’s corporate, limited partnership or limited liability company powers (as applicable), have been duly
authorized by all necessary action and that this First Amendment constitutes the valid and binding obligation of such Credit Party enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy,
insolvency or similar laws affecting creditor’s rights generally, and (g) represents and warrants to the Lenders and the Administrative Agent that, after giving effect to this First Amendment, no Borrowing Base Deficiency, Default or Event
of Default exists. 

  
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 11.3 Counterparts. This First Amendment may be executed by one or more of the parties
hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of this First Amendment by facsimile or electronic (e.g. pdf) transmission shall be
effective as delivery of a manually executed original counterpart hereof. 
 11.4 No Oral Agreement. This written First Amendment,
the Credit Agreement and the other Loan Documents executed in connection herewith and therewith represent the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous, or unwritten oral agreements of the
parties. There are no subsequent oral agreements between the parties that modify the agreements of the parties in the Credit Agreement and the other Loan Documents. 

11.5 Governing Law. This First Amendment (including, but not limited to, the validity and enforceability hereof) shall be governed by,
and construed in accordance with, the laws of the State of New York. 
 11.6 Payment of Expenses. The Borrower agrees to pay or
reimburse the Administrative Agent for all of its reasonable out-of-pocket costs and expenses incurred in connection with this First Amendment, any other documents
prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent. 

11.7 Severability. Any provision of this First Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 11.8 Successors and Assigns. This First Amendment shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns. 
 11.9 Exiting Lender Consents. By its execution of this
First Amendment, Royal Bank of Canada, MUFG Bank, Ltd. and BOKF, National Association (each an “Exiting Lender”, and collectively, the “Exiting Lenders”) each hereby (a) consents to this First Amendment in its
capacity as a Lender under the Credit Agreement solely for purposes of Section 12.02 of the Credit Agreement, and (b) acknowledges and agrees to Section 4.3 of this First Amendment. Each of the parties hereto
hereby agrees and confirms that after giving effect to Section 4.3 of this First Amendment, including after giving effect to the repayment of all Loans and accrued and unpaid interest owing to each Exiting Lender, each
Exiting Lender’s Commitment shall be $0.00, each Exiting Lender’s Commitments to lend and all other obligations of each Exiting Lender under the Credit Agreement shall be terminated, and the Exiting Lender shall cease to be a Lender for
all purposes under the Loan Documents. For the avoidance of doubt, BOKF, National Association does not consent to the Limited Consent contained in Section 2 hereof. 

[Signature Pages Follow.] 
  

  
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 The parties hereto have caused this First Amendment to be duly executed as of the day and
year first above written. 
  

							
	PARENT:	 		 	CENTENNIAL RESOURCE DEVELOPMENT, INC.,
		 		 	a Delaware corporation
				
		 		 	By:	 	 /s/ George S. Glyphis

		 		 	Name:	 	George S. Glyphis
		 		 	Title:	 	Executive Vice President and Chief Financial Officer
			
	BORROWER:	 		 	CENTENNIAL RESOURCE PRODUCTION, LLC,
		 		 	a Delaware limited liability company
				
		 		 	By:	 	 /s/ George S. Glyphis

		 		 	Name:	 	George S. Glyphis
		 		 	Title:	 	Executive Vice President and Chief Financial Officer

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
							
	GUARANTORS:	 		 	ATLANTIC EXPLORATION, LLC
		 		 	a Delaware limited liability company
				
		 		 	By:	 	 /s/ George S. Glyphis

		 		 	Name:	 	George S. Glyphis
		 		 	Title:	 	Executive Vice President and Chief Financial Officer
			
		 		 	CENTENNIAL RESOURCE MANAGEMENT, LLC,
		 		 	a Delaware limited liability company
				
		 		 	By:	 	 /s/ George S. Glyphis

		 		 	Name:	 	George S. Glyphis
		 		 	Title:	 	Executive Vice President and Chief Financial Officer

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	JPMORGAN CHASE BANK, N.A.,
	as Administrative Agent, Issuing Bank and a Lender
		
	By:	 	 /s/ Michael Kamauf

	Name:	 	Michael Kamauf
	Title:	 	Authorized Officer

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	CITIBANK, N.A., 
	as a Lender and Issuing Bank
		
	By:	 	 /s/ Jeff Ard

	Name:	 	Jeff Ard
	Title:	 	Vice President

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH,
	as a Lender
		
	By:	 	 /s/ Kevin A. James

	Name:	 	Kevin A. James
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Donovan C. Broussard

	Name:	 	Donovan C. Broussard
	Title:	 	Authorized Signatory

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	FIFTH THIRD BANK, NATIONAL ASSOCIATION,
	as a Lender and Issuing Bank
		
	By:	 	 /s/ Jonathan H. Lee

	Name:	 	Jonathan H. Lee
	Title:	 	Managing Director

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	PNC BANK, NATIONAL ASSOCIATION,
	as a Lender and Issuing Bank
		
	By:	 	 /s/ Julia Barnhill

	Name:	 	Julia Barnhill
	Title:	 	Vice President

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	TRUIST BANK, 
	as a Lender and Issuing Bank
		
	By:	 	 /s/ Greg Krablin

	Name:	 	Greg Krablin
	Title:	 	Director

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	WELLS FARGO BANK, N.A., 
	as a Lender and Issuing Bank
		
	By:	 	 /s/ Michael Real

	Name:	 	Michael Real
	Title:	 	Managing Director

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	BANK OF AMERICA, N.A., 
	as a Lender
		
	By:	 	 /s/ Kimberly Miller

	Name:	 	Kimberly Miller
	Title:	 	Director

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	CAPITAL ONE, NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Matthew Molero

	Name:	 	Matthew Molero
	Title:	 	Managing Director

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	COMERICA BANK, 
	as a Lender
		
	By:	 	 /s/ Garret Merrell

	Name:	 	Garret Merrell
	Title:	 	Senior Vice President

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	MIZUHO BANK, LTD., 
	as a Lender and Issuing Bank
		
	By:	 	 /s/ Edward Sacks

	Name:	 	Edward Sacks
	Title:	 	Authorized Signatory

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	REGIONS BANK, 
	as a Lender
		
	By:	 	 /s/ Cody Chance

	Name:	 	Cody Chance
	Title:	 	Directors

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	CREDIT SUISSE AG, NEW YORK BRANCH., 
	as a Lender
		
	By:	 	 /s/ Komal Shah

	Name:	 	Komal Shah
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Wesley Cronin

	Name:	 	Wesley Cronin
	Title:	 	Authorized Signatory

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	U.S. BANK NATIONAL ASSOCIATION, 
	as a New Lender
		
	By:	 	 /s/ Bruce Hernandez

	Name:	 	Bruce Hernandez
	Title:	 	Senior Vice President

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	ROYAL BANK OF CANADA, 
	as an Exiting Lender
		
	By:	 	 /s/ Emilee Scott

	Name:	 	Emilee Scott
	Title:	 	Authorized Signatory

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	MUFG BANK, LTD., 
	as an Exiting Lender
		
	By:	 	 /s/ Stephen W. Warfel

	Name:	 	Stephen W. Warfel
	Title:	 	Authorized Signatory

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 
			
	BOKF, NATIONAL ASSOCIATION, 
	as an Exiting Lender
		
	By:	 	 /s/ Guy C. Evangelista

	Name:	 	Guy C. Evangelista
	Title:	 	Senior Vice President

  
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

Signature Page to Limited Consent and Waiver and First Amendment 

to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 ANNEX A 

New Obligated Parties: 
 Colgate Energy Partners III, LLC

 Colgate Ranch, LLC 
 Tusker Midstream, LLC 

Colgate Energy, LLC 
 Colgate Energy Development, LLC 

Colgate Production, LLC 
 Colgate II Corp, LLC 

Colgate Operating, LLC 
 Colgate Royalties, LP 

Colgate Minerals, LLC 
 Tree Shaker Minerals, LLC 

Hermosa Ranch, LLC 
 CL Energy, LLC 

Annex A to First Amendment to Third Amended and Restated Credit Agreement 

Centennial Resource Production, LLC 

 ANNEX B 

[Attached.] 
 Annex B to First
Amendment to Third Amended and Restated Credit Agreement 
 Centennial Resource Production, LLC 

 Execution Version 

Annex B to First Amendment to Third Amended and Restated Credit Agreement 

 
  

 
 THIRD
AMENDED AND RESTATED CREDIT AGREEMENT 
 dated as of
February 18, 2022 
 among 

CENTENNIAL RESOURCE PRODUCTION, LLC, 

as Borrower, 
 Any Parent
Guarantor Party Hereto, 
 JPMORGAN CHASE BANK, N.A., 

as Administrative Agent, 

and 
 The Lenders Party
Hereto 
  
  

JPMORGAN CHASE BANK, N.A. AND WELLS FARGO
SECURITIES, LLC, 
 as Joint Bookrunners, 

JPMORGAN CHASE BANK, N.A., WELLS FARGO SECURITIES,
LLC, 
 CITIBANK, N.A., FIFTH THIRD BANK, MIZUHO
BANK, LTD., 
 PNC BANK, NATIONAL ASSOCIATION
AND TRUIST BANK, 
 as Joint Lead Arrangers, 

CITIBANK, N.A., FIFTH THIRD BANK, MIZUHO BANK,
LTD., 
 PNC BANK, NATIONAL ASSOCIATION AND
TRUIST BANK, 
 as Co-Syndication Agents, 

U.S. BANK NATIONAL ASSOCIATION, CAPITAL ONE,
NATIONAL ASSOCIATION, 
 COMERICA BANK, CREDIT
SUISSE AG, NEW YORK BRANCH AND REGIONS BANK, 

as Co-Documentation Agents 

 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
		
	 ARTICLE I
	  			
	 DEFINITIONS AND ACCOUNTING MATTERS
	  			
			
	 Section 1.01
	 	Terms Defined Above	  	 	1	 
	 Section 1.02
	 	Certain Defined Terms	  	 	1	 
	 Section 1.03
	 	Types of Loans and Borrowings	  	 	46	 
	 Section 1.04
	 	Terms Generally; Rules of Construction	  	 	46	 
	 Section 1.05
	 	Accounting Terms and Determinations; GAAP	  	 	46	 
	 Section 1.06
	 	Interest Rates; Benchmark Notifications	  	 	47	 
	 Section 1.07
	 	Divisions	  	 	47	 
		
	 ARTICLE II
	  			
	 THE CREDITS
	  			
			
	 Section 2.01
	 	Commitment	  	 	48	 
	 Section 2.02
	 	Loans and Borrowings	  	 	48	 
	 Section 2.03
	 	Requests for Borrowings	  	 	49	 
	 Section 2.04
	 	Interest Elections	  	 	50	 
	 Section 2.05
	 	Funding of Borrowings	  	 	51	 
	 Section 2.06
	 	Termination and Reduction of Commitments and Aggregate Maximum Credit Amounts; Increase, Reduction and Termination of Aggregate Elected Commitment Amounts	  	 	52	 
	 Section 2.07
	 	Borrowing Base	  	 	56	 
	 Section 2.08
	 	Letters of Credit	  	 	59	 
		
	 ARTICLE III
	  			
	 PAYMENTS OF PRINCIPAL AND INTEREST; PREPAYMENTS;
FEES
	  			
			
	 Section 3.01
	 	Repayment of Loans	  	 	66	 
	 Section 3.02
	 	Interest	  	 	67	 
	 Section 3.03
	 	Alternate Rate of Interest	  	 	68	 
	 Section 3.04
	 	Prepayments	  	 	71	 
	 Section 3.05
	 	Fees	  	 	73	 
		
	 ARTICLE IV
	  			
	 PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS
	  			
			
	 Section 4.01
	 	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	 	75	 
	 Section 4.02
	 	Presumption of Payment by the Borrower	  	 	76	 
	 Section 4.03
	 	Certain Deductions by the Administrative Agent	  	 	76	 
	 Section 4.04
	 	Disposition of Proceeds	  	 	76	 

  
 i 

							
	 	  	Page	 
		
	 ARTICLE V
	  			
	 INCREASED COSTS; BREAK FUNDING PAYMENTS; TAXES;
ILLEGALITY
	  			
			
	 Section 5.01
	 	Increased Costs	  	 	77	 
	 Section 5.02
	 	Break Funding Payments	  	 	78	 
	 Section 5.03
	 	Taxes	  	 	79	 
	 Section 5.04
	 	Mitigation Obligations; Replacement of Lenders	  	 	82	 
	 Section 5.05
	 	Illegality	  	 	83	 
		
	 ARTICLE VI
	  			
	 CONDITIONS PRECEDENT
	  			
			
	 Section 6.01
	 	Effective Date	  	 	83	 
	 Section 6.02
	 	Each Credit Event	  	 	86	 
		
	 ARTICLE VII
	  			
	 REPRESENTATIONS AND WARRANTIES
	  			
			
	 Section 7.01
	 	Organization; Powers	  	 	87	 
	 Section 7.02
	 	Authority; Enforceability	  	 	87	 
	 Section 7.03
	 	Approvals; No Conflicts	  	 	87	 
	 Section 7.04
	 	Financial Condition; No Material Adverse Change	  	 	88	 
	 Section 7.05
	 	Litigation	  	 	88	 
	 Section 7.06
	 	Environmental Matters	  	 	88	 
	 Section 7.07
	 	Compliance with the Laws and Agreements; No Defaults or Borrowing Base Deficiency	  	 	90	 
	 Section 7.08
	 	Investment Company Act	  	 	90	 
	 Section 7.09
	 	Taxes	  	 	90	 
	 Section 7.10
	 	ERISA	  	 	90	 
	 Section 7.11
	 	Disclosure; No Material Misstatements	  	 	91	 
	 Section 7.12
	 	Insurance	  	 	92	 
	 Section 7.13
	 	Restriction on Liens	  	 	92	 
	 Section 7.14
	 	Subsidiaries	  	 	92	 
	 Section 7.15
	 	Location of Business and Offices	  	 	92	 
	 Section 7.16
	 	Properties; Titles, Etc.	  	 	93	 
	 Section 7.17
	 	Maintenance of Properties	  	 	94	 
	 Section 7.18
	 	Gas Imbalances, Prepayments	  	 	94	 
	 Section 7.19
	 	Marketing of Production	  	 	94	 
	 Section 7.20
	 	Swap Agreements and Qualified ECP Counterparty	  	 	95	 
	 Section 7.21
	 	Use of Loans and Letters of Credit	  	 	95	 
	 Section 7.22
	 	Solvency	  	 	95	 
	 Section 7.23
	 	Anti-Corruption Laws and Sanctions; USA Patriot Act	  	 	95	 
	 Section 7.24
	 	Affected Financial Institutions	  	 	96	 
	 Section 7.25
	 	Plan Assets; Prohibited Transactions	  	 	96	 
		
	 ARTICLE VIII
	  			
	 AFFIRMATIVE COVENANTS
	  			
			
	 Section 8.01
	 	Financial Statements; Other Information	  	 	96	 
	 Section 8.02
	 	Notices of Material Events	  	 	101	 
	 Section 8.03
	 	Existence; Conduct of Business	  	 	101	 

  
 ii 

							
	 	  	Page	 
	 Section 8.04
	 	Payment of Obligations	  	 	101	 
	 Section 8.05
	 	Performance of Obligations under Loan Documents	  	 	101	 
	 Section 8.06
	 	Operation and Maintenance of Properties	  	 	101	 
	 Section 8.07
	 	Insurance	  	 	102	 
	 Section 8.08
	 	Books and Records; Inspection Rights	  	 	103	 
	 Section 8.09
	 	Compliance with Laws	  	 	103	 
	 Section 8.10
	 	Environmental Matters	  	 	103	 
	 Section 8.11
	 	Further Assurances	  	 	104	 
	 Section 8.12
	 	Reserve Reports	  	 	105	 
	 Section 8.13
	 	Title Information	  	 	106	 
	 Section 8.14
	 	Collateral and Guaranty Agreements	  	 	107	 
	 Section 8.15
	 	ERISA Compliance	  	 	108	 
	 Section 8.16
	 	Unrestricted Subsidiaries	  	 	109	 
	 Section 8.17
	 	Commodity Exchange Act Keepwell Provisions	  	 	109	 
		
	 ARTICLE IX
	  			
	 NEGATIVE COVENANTS
	  			
			
	 Section 9.01
	 	Financial Covenants	  	 	110	 
	 Section 9.02
	 	Debt	  	 	110	 
	 Section 9.03
	 	Liens	  	 	112	 
	 Section 9.04
	 	Dividends and Distributions and Redemptions of Permitted Senior Unsecured Notes or Permitted Junior Lien Debt	  	 	112	 
	 Section 9.05
	 	Investments, Loans and Advances	  	 	114	 
	 Section 9.06
	 	Designation and Conversion of Restricted and Unrestricted Subsidiaries	  	 	116	 
	 Section 9.07
	 	Nature of Business; No International Operations	  	 	116	 
	 Section 9.08
	 	Proceeds of Notes	  	 	116	 
	 Section 9.09
	 	ERISA Compliance	  	 	117	 
	 Section 9.10
	 	Sale or Discount of Receivables	  	 	117	 
	 Section 9.11
	 	Mergers, Etc	  	 	117	 
	 Section 9.12
	 	Sale of Properties and Termination of Swap Agreements	  	 	118	 
	 Section 9.13
	 	Transactions with Affiliates	  	 	120	 
	 Section 9.14
	 	Subsidiaries	  	 	120	 
	 Section 9.15
	 	Negative Pledge Agreements; Dividend Restrictions	  	 	120	 
	 Section 9.16
	 	Gas Imbalances, Take-or-Pay or Other Prepayments	  	 	121	 
	 Section 9.17
	 	Swap Agreements	  	 	121	 
		
	 ARTICLE X
	  			
	 EVENTS OF DEFAULT; REMEDIES
	  			
			
	 Section 10.01
	 	Events of Default	  	 	123	 
	 Section 10.02
	 	Remedies	  	 	125	 
	 Section 10.03
	 	Credit Bidding	  	 	127	 

  
 iii 

							
	 	  	Page	 
		
	 ARTICLE XI
	  			
	 THE AGENTS
	  			
			
	 Section 11.01
	 	Appointment; Powers	  	 	128	 
	 Section 11.02
	 	Duties and Obligations of Administrative Agent	  	 	128	 
	 Section 11.03
	 	Action by Administrative Agent	  	 	129	 
	 Section 11.04
	 	Reliance by Administrative Agent	  	 	130	 
	 Section 11.05
	 	Subagents	  	 	130	 
	 Section 11.06
	 	Resignation of Administrative Agent	  	 	130	 
	 Section 11.07
	 	Agents as Lenders	  	 	131	 
	 Section 11.08
	 	No Reliance	  	 	131	 
	 Section 11.09
	 	Administrative Agent May File Proofs of Claim	  	 	131	 
	 Section 11.10
	 	Authority of Administrative Agent to Release Collateral, Liens and Guarantors	  	 	132	 
	 Section 11.11
	 	Agents	  	 	134	 
	 Section 11.12
	 	Certain ERISA Matters	  	 	134	 
	 Section 11.13
	 	Intercreditor Agreement	  	 	136	 
	 Section 11.14
	 	Erroneous Payments	  	 	137	 
		
	 ARTICLE XII
	  			
	 MISCELLANEOUS
	  			
			
	 Section 12.01
	 	Notices	  	 	138	 
	 Section 12.02
	 	Waivers; Amendments	  	 	138	 
	 Section 12.03
	 	Expenses, Indemnity; Damage Waiver	  	 	139	 
	 Section 12.04
	 	Successors and Assigns	  	 	143	 
	 Section 12.05
	 	Survival; Revival; Reinstatement	  	 	146	 
	 Section 12.06
	 	Counterparts; Integration; Effectiveness	  	 	147	 
	 Section 12.07
	 	Severability	  	 	148	 
	 Section 12.08
	 	Right of Setoff	  	 	148	 
	 SECTION 12.09
	 	GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS	  	 	148	 
	 Section 12.10
	 	Headings	  	 	149	 
	 Section 12.11
	 	Confidentiality	  	 	150	 
	 Section 12.12
	 	Interest Rate Limitation	  	 	150	 
	 SECTION 12.13
	 	EXCULPATION PROVISIONS	  	 	151	 
	 Section 12.14
	 	Collateral Matters; Swap Agreements	  	 	152	 
	 Section 12.15
	 	No Third Party Beneficiaries	  	 	152	 
	 Section 12.16
	 	USA Patriot Act Notice	  	 	152	 
	 Section 12.17
	 	No Advisory or Fiduciary Responsibility	  	 	152	 
	 Section 12.18
	 	Amendment and Restatement	  	 	153	 
	 Section 12.19
	 	True-up Loans; Outstanding Eurodollar Loans	  	 	153	 
	 Section 12.20
	 	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	154	 
	 Section 12.21
	 	Exiting Lender	  	 	154	 
	 Section 12.22
	 	Acknowledgment Regarding Any Qualified QFCs	  	 	155	 

  
 iv 

 ANNEXES, EXHIBITS AND SCHEDULES 

 

			
	Annex I	  	Allocation of Maximum Credit Amounts and Elected Commitments
	Annex II	  	Existing Letters of Credit
	Annex III	  	LC Issuance Limits
		
	Exhibit A	  	Form of Note
	Exhibit B	  	Form of Borrowing Request
	Exhibit C	  	Form of Interest Election Request
	Exhibit D	  	Form of Compliance Certificate
	Exhibit E	  	Security Instruments as of the Effective Date
	Exhibit F	  	Form of Guaranty Agreement
	Exhibit G	  	Form of Security Agreement
	Exhibit H	  	Form of Assignment and Assumption
	Exhibit I-1	  	Form of U.S. Tax Compliance Certificate (Foreign Lenders; not partnerships)
	Exhibit I-2	  	Form of U.S. Tax Compliance Certificate (Foreign Participants; not partnerships)
	Exhibit I-3	  	Form of U.S. Tax Compliance Certificate (Foreign Participants; partnerships)
	Exhibit I-4	  	Form of U.S. Tax Compliance Certificate (Foreign Lenders; partnerships)
	Exhibit J	  	Form of Elected Commitment Increase Certificate
	Exhibit K	  	Form of Additional Lender Certificate
	Exhibit L	  	Form of Parent Joinder Agreement
		
	Schedule 1.01	  	Approved Counterparties
	Schedule 1.01(a)	  	Secured Non-Lender Swap Agreements
	Schedule 7.05	  	Litigation
	Schedule 7.06	  	Environmental Matters
	Schedule 7.14	  	Subsidiaries
	Schedule 7.18	  	Gas Imbalances
	Schedule 7.19	  	Marketing Contracts
	Schedule 7.20	  	Swap Agreements
	Schedule 9.02	  	Existing Debt
	Schedule 9.05	  	Investments
	Schedule 9.13	  	Affiliate Transactions

  

  
 v 

 THIRD AMENDED AND RESTATED CREDIT AGREEMENT 

This THIRD AMENDED AND RESTATED CREDIT
AGREEMENT dated as of February 18, 2022, is among: CENTENNIAL RESOURCE PRODUCTION, LLC, a limited liability company duly formed and existing under the laws of the
State of Delaware (the “Borrower”), as the borrower; the Parent (defined below) from time to time party hereto, as a parent guarantor; each of the Lenders from time to time party hereto; and JPMORGAN
CHASE BANK, N.A. (in its individual capacity, “JPMorgan”), as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative
Agent”). 
 R E C I T A L S 

A. The Borrower, the Administrative Agent and the other agents and lenders party thereto are parties to that certain Second Amended and
Restated Credit Agreement dated as of May 4, 2018, pursuant to which such lenders provided certain loans to and extensions of credit on behalf of the Borrower (as renewed, extended, amended, restated, amended and restated or otherwise modified
from time prior to the date hereof, the “Existing A&R Credit Agreement”). 
 B. The parties hereto desire to
amend and restate in its entirety the Existing A&R Credit Agreement in the form of this Agreement to (i) renew and rearrange the indebtedness outstanding under the Existing A&R Credit Agreement (but not to repay or pay off any such
indebtedness) and (ii) amend certain other terms of the Existing A&R Credit Agreement in certain respects as provided in this Agreement. 

C. In consideration of the mutual covenants and agreements herein contained and of the loans, extensions of credit and commitments hereinafter
referred to, the parties hereto agree that the Existing A&R Credit Agreement is hereby amended, renewed, extended and restated in its entirety in the form of this Agreement on (and subject to) the terms and conditions set forth herein. The
parties hereto further agree as follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING MATTERS 

Section 1.01 Terms Defined Above. As used in this Agreement, each term defined above has the meaning indicated above. 

Section 1.02 Certain Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 

“ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 
 “Additional Lender”
has the meaning assigned to such term in Section 2.06(c)(i). 
 “Additional Lender
Certificate” has the meaning assigned to such term in Section 2.06(c)(ii)(G). 

  
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 “Adjusted Daily Simple SOFR” means, with respect to any RFR
Borrowing, an interest rate per annum equal to (a) the Daily Simple SOFR, plus (b) 0.10%; provided that if the Adjusted Daily Simple SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal
to the Floor for the purposes of this Agreement. 
 “Adjusted Term SOFR” means, with respect to any Term Benchmark
Borrowing, for any Interest Period or for any ABR Borrowing based on the Adjusted Term SOFR, an interest rate per annum equal to (a) the Term SOFR for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term
SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. 

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

 “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial
Institution. 
 “Affected Loans” has the meaning assigned to such term in Section 5.05.

 “Affiliate” means, with respect to a specified 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. 
 “Agents”
means, collectively, the Administrative Agent, the Arranger, the Co-Syndication Agents, and the Co-Documentation Agents, and “Agent” shall mean
any of them individually, as the context requires. 
 “Aggregate Elected Commitment Amounts” at any time shall equal
the sum of the Elected Commitments, as the same may be increased, reduced or terminated pursuant to Section 2.06. As of the Colgate Merger Effective Date, the Aggregate Elected Commitment Amounts are $1,500,000,000.00. 

“Aggregate Maximum Credit Amounts” at any time shall equal the sum of the Maximum Credit Amounts, as the same may be
reduced or terminated pursuant to Section 2.06. 
 “Agreement” means this Third Amended
and Restated Credit Agreement, as the same may from time to time be amended, modified, supplemented or restated. 
 “Alternate
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% and (c) the Adjusted Term SOFR for a one month Interest Period as published two (2) U.S. Government Securities Business Days prior to such day (or if such day is not a Business Day, the
immediately preceding Business Day) plus 1.00%; provided that for the purpose of this definition, the Adjusted Term SOFR for any day shall be based on the Term SOFR Reference Rate at approximately 5:00 a.m. (Denver, Colorado time) on
such day (or any amended publication time for the Term SOFR Reference Rate, as specified by the CME Term SOFR Administrator in the Term SOFR Reference Rate methodology). Any change in the Alternate Base Rate due to a change in the Prime Rate, the
NYFRB Rate or the Adjusted Term SOFR shall be effective from and 

  
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including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted Term SOFR, respectively. If the Alternate Base Rate is being used as an alternate rate of interest
pursuant to Section 3.03 hereof, then the Alternate Base Rate shall be the greater of clause (a) and clause (b) above and shall be determined without reference to
clause (c) above. For the avoidance of doubt, if the Alternate Base Rate is being determined without reference to clause (c) above and is less than 1.00%, such rate shall be deemed to be 1.00% for purposes of
this Agreement. 
 “Annualized EBITDAX” means, for the purposes of calculating the financial ratio set forth in
Section 9.01(b) for each of the Rolling Periods ending on or prior to June 30, 2023, (a) EBITDAX for such Rolling Period multiplied by (b) the factor for such Rolling Period set forth in the table below: 

 

					
	 Rolling Period Ending
	  	Factor	 
	 December 31, 2022
	  	 	4	 
	 March 31, 2023
	  	 	2	 
	 June 30, 2023
	  	 	4/3	 

 “Anti-Corruption Laws” means all state or federal laws, rules, and regulations
applicable to the Parent, the Borrower or any of their Affiliates from time to time concerning or relating to bribery or corruption, including, without limitation, the FCPA. 

“Applicable Margin” means 

(a) for any day during a Borrowing Base Period, with respect to any ABR Loan, Term Benchmark Loan or RFR Loan, or with respect to the
Commitment Fee Rate, as the case may be, the rate per annum set forth in the Commitment Utilization Grid below based upon the Commitment Utilization Percentage then in effect: 

 

																					
	Commitment Utilization Grid	 
	 Commitment Utilization Percentage
	  	 	≤ 25	% 	 	 	> 25% ≤ 50	% 	 	 	> 50% ≤ 75	% 	 	 	> 75% ≤ 90	% 	 	 	> 90	% 
	 Term Benchmark Loans and RFR Loans
	  	 	1.750	% 	 	 	2.000	% 	 	 	2.250	% 	 	 	2.500	% 	 	 	2.750	% 
	 ABR Loans
	  	 	0.750	% 	 	 	1.000	% 	 	 	1.250	% 	 	 	1.500	% 	 	 	1.750	% 
	 Commitment Fee Rate
	  	 	0.375	% 	 	 	0.375	% 	 	 	0.500	% 	 	 	0.500	% 	 	 	0.500	% 

  
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 (b) for any day during an Investment Grade Period, with respect to any ABR Loan, Term
Benchmark Loan or RFR Loan, or with respect to the Commitment Fee Rate, as the case may be, the rate per annum set forth in the Index Debt Rating Grid below based upon the Applicable Rating Level then in effect: 

 

																	
	Index Debt Rating Grid	 
	 Applicable Rating Level
	  	 

	Greater than
or equal to
Baa1/BBB+	 
 
 	 	 	Baa2/BBB	 	 	 	Baa3/BBB-	 	 	 	Ba1/BB+	 
	 Term Benchmark Loans and RFR Loans
	  	 	1.250	% 	 	 	1.375	% 	 	 	1.625	% 	 	 	1.875	% 
	 ABR Loans
	  	 	0.250	% 	 	 	0.375	% 	 	 	0.625	% 	 	 	0.875	% 
	 Commitment Fee Rate
	  	 	0.150	% 	 	 	0.175	% 	 	 	0.225	% 	 	 	0.275	% 

 At all times, each change in the Applicable Margin resulting from a change in the Commitment Utilization
Percentage or the Applicable Rating Level, as applicable, shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. 

“Applicable Percentage” means, with respect to any Lender, the percentage of the Aggregate Maximum Credit Amounts
represented by such Lender’s Maximum Credit Amount as such percentage is set forth on Annex I; provided that in the case of Section 2.08(l) when a Defaulting Lender shall exist, “Applicable
Percentage” as used in such Section 2.08(l) shall mean the percentage of the Aggregate Maximum Credit Amounts (disregarding any Defaulting Lender’s Maximum Credit Amount) represented by such Lender’s Maximum
Credit Amount; provided, further, that for purposes of this definition, if the Commitments are terminated pursuant to this Agreement, then each Lender’s Commitment and the total Commitments shall be the amounts thereof immediately
prior to giving effect to any such termination of such Commitments. 
 “Applicable Rating Level” means, for any day
during any Investment Grade Period, the higher of the ratings by Moody’s or S&P, respectively, applicable on such day to the Index Debt. For purposes of the foregoing, if the ratings established by Moody’s or S&P for the Index Debt
shall be changed (other than as a result of a change in the rating system of Moody’s or S&P), such change shall be effective as of the date on which it is first announced by Moody’s or S&P, as applicable, irrespective of when
notice of such change shall have been furnished by the Borrower to the Administrative Agent and the Lenders. Each change in the Applicable Rating Level shall apply during the period commencing on the effective date of such change and ending on the
date immediately preceding the effective date of the next such change. If the rating system of Moody’s or S&P shall change, or if either Moody’s or S&P shall cease to be in the business of rating corporate debt obligations, the
Borrower and the Lenders shall negotiate in good faith to amend these terms to reflect such changed rating system or the unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Applicable Rating
Level shall be determined by reference to the rating most recently in effect prior to such change or cessation. 

  
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 “Approved Counterparty” means each of (a) any Lender or any
Affiliate of a Lender, (b) any other Person if such Person or its credit support provider with respect to its Swap Agreements with the Credit Parties has a long term senior unsecured debt rating of
BBB-/Baa3 by S&P or Moody’s (or their equivalent) or higher or (c) a Person listed on Schedule 1.01, as such schedule may be supplemented or updated from time to time in accordance with
the following procedure: (i) the Borrower shall deliver a written request to the Administrative Agent for approval of any proposed supplements or updates to Schedule 1.01 and (ii) the Administrative Agent shall inform the Borrower
in writing whether such request is approved within ten (10) days after receipt of the Borrower’s request; provided that any failure by the Administrative Agent to respond to any request for approval within the time frame provided in
clause (ii) above shall be deemed to be disapproval of such proposed supplements or updates to Schedule 1.01. Any updates or supplements to Schedule 1.01 shall be made available from time to time to any Lender upon request.

 “Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or
investing in bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that
administers or manages a Lender. 
 “Approved Petroleum Engineers” means (a) Netherland, Sewell &
Associates, Inc., (b) Ryder Scott Company Petroleum Consultants, L.P., (c) Miller and Lents, Ltd. and (d) any other independent petroleum engineers reasonably acceptable to the Administrative Agent and the Borrower. 

“Arrangers” means, collectively, JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC, Citibank, N.A., Fifth Third
Bank, Mizuho Bank, Ltd., PNC Bank, National Association and Truist Bank, in each case, in their respective capacities as joint lead arrangers and joint bookrunners hereunder. 

“ASC” means the Financial Accounting Standards Board Accounting Standards Codification, as in effect from time to
time. 
 “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee
(with the consent of any party whose consent is required by Section 12.04(b)), and accepted by the Administrative Agent, in the form of Exhibit H or any other form approved by the Administrative
Agent. 
 “Availability” means the aggregate unused amount of the total Commitments under this Agreement as of such
date (but only to the extent that the Borrower is permitted to borrow such amounts under the terms of this Agreement including, without limitation, Section 6.02 hereof). 

“Availability Period” means the period from and including the Effective Date to but excluding the Termination Date.

 “Available Tenor” means, as of any date of determination and with respect to the then-current Benchmark, as
applicable, any tenor for such Benchmark (or component thereof) or payment period for interest calculated with reference to such Benchmark (or component thereof), as applicable, that is or may be used for determining the length of an Interest Period
for any term rate or otherwise, for determining any frequency of making payments of interest calculated pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from
the definition of “Interest Period” pursuant to Section 3.03(f). 

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

“Bail-In Legislation” means (a) 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, rule, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the
United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). 

“Bank Price Deck” means the Administrative Agent’s most recent internal price deck on a forward curve basis for
each of oil, natural gas and other Hydrocarbons, as applicable, furnished to the Borrower by the Administrative Agent from time to time. 

“Bank Products” means any of the following bank services: (a) commercial credit cards, (b) stored value
cards, and (c) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts and interstate depository network services). 

“Bank Products Provider” means any Lender or Affiliate of a Lender that provides Bank Products to the Borrower, any
Restricted Subsidiary or any Guarantor. 
 “Benchmark” means, initially, the Term SOFR; provided that if a
Benchmark Transition Event and the related Benchmark Replacement Date have occurred with respect to the Term SOFR or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark
Replacement has replaced such prior benchmark rate pursuant to Section 3.03(b). 
 “Benchmark
Replacement” means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date: 

(a) the Adjusted Daily Simple SOFR; or 

(b) the sum of: (i) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower as the replacement
for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (A) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body
or (B) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for U.S. dollar-denominated syndicated credit facilities at such time and (ii) the related Benchmark
Replacement Adjustment. 

  
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 If the Benchmark Replacement as determined pursuant to clause (a) or clause
(b) above would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents. 

“Benchmark Replacement Adjustment” means, with respect to any replacement of the then-current Benchmark with an
Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment (which may be a
positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower for the applicable Corresponding Tenor giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for
calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date and/or (b) any evolving
or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for U.S.
dollar-denominated syndicated credit facilities at such time. 
 “Benchmark Replacement Conforming Changes” means,
with respect to any Benchmark Replacement and/or any Term Benchmark Loan, any technical, administrative or operational changes (including changes to the definition of “Alternate Base Rate”, the definition of “Business Day”, the
definition of “U.S. Government Securities Business Day”, the definition of “Interest Period”, timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or
continuation notices, length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Administrative Agent reasonably determines may be appropriate to reflect the adoption
and implementation of such Benchmark and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent reasonably determines that adoption of any portion
of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark exists, in such other manner of administration as the Administrative Agent reasonably
determines is necessary in connection with the administration of this Agreement and the other Loan Documents). 
 “Benchmark
Replacement Date” means, with respect to any then-current Benchmark, the earlier to occur of the following events with respect to such then-current Benchmark: 

(a) in the case of clause (a) or clause (b) of the definition of “Benchmark Transition Event”, the later of
(i) the date of the public statement or publication of information referenced therein and (ii) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or indefinitely
ceases to provide all Available Tenors of such Benchmark (or such component thereof); or 
 (b) in the case of clause (c) of the
definition of “Benchmark Transition Event”, the first date on which such Benchmark (or the published component used in the calculation thereof) has been determined and announced by the regulatory supervisor for the administrator of such
Benchmark (or such component thereof) to be no longer representative; provided that such non-representativeness will be determined by reference to the most recent statement or publication referenced in such clause (c) and even if
any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date. 

  
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 For the avoidance of doubt, (x) if the event giving rise to the Benchmark Replacement
Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination and (y) the “Benchmark
Replacement Date” will be deemed to have occurred in the case of clause (a) or clause (b) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all
then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof). 
 “Benchmark
Transition Event” means, with respect to any then-current Benchmark, the occurrence of one or more of the following events with respect to such then-current Benchmark: 

(a) a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used
in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely, provided that, at the time of such statement or
publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); 

(b) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof), the Board, the NYFRB, the CME Term SOFR Administrator, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over
the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component), in each case, which states that the administrator of such
Benchmark (or such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; provided that, at the time of such statement or publication, there is no
successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or 
 (c) a public
statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component
thereof) are no longer, or as of a specified future date will no longer be, representative. 
 For the avoidance of doubt, a “Benchmark
Transition Event” will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the
published component used in the calculation thereof). 
 “Benchmark Unavailability Period” means, with respect to
any Benchmark, the period (if any) (a) beginning at the time that a Benchmark Replacement Date pursuant to clause (a) or clause (b) of the definition thereof has occurred if, at such time, no Benchmark Replacement has
replaced such then-current Benchmark for all purposes hereunder and under any other Loan Document in accordance with Section 3.03 and (b) ending at the time that a Benchmark Replacement has replaced such then-current
Benchmark for all purposes hereunder and under any other Loan Document in accordance with Section 3.03. 

  
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 “Beneficial Owner” has the meaning assigned to such term in Rule 13d
3 and Rule 13d 5 under the Securities Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Securities Exchange Act), such “person” will
be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only after the passage of
time. 
 “Beneficial Ownership Certification” means a certification regarding beneficial ownership as required by
the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. 

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in section 3(3) of ERISA) that
is subject to Title I of ERISA, (b) a “plan” as defined in section 4975 of the Code to which section 4975 of the Code applies, and (c) any Person whose assets include (for purposes of the Plan Asset Regulations 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”. 

“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in
accordance with, 12 U.S.C. 1841(k)) of such party. 
 “Board” means the Board of Governors of the Federal Reserve
System of the United States of America or any successor Governmental Authority. 
 “Borrowing” means Loans of the
same Type, made, converted or continued on the same date and, in the case of Term Benchmark Loans, as to which a single Interest Period is in effect. 

“Borrowing Base” means at any time an amount equal to the amount determined in accordance with
Section 2.07, as the same may be adjusted from time to time pursuant to Section 2.07(e), Section 8.13(c) or Section 9.12(e)(v). 

“Borrowing Base Deficiency” means, at any time in question during a Borrowing Base Period, the amount by which the
total Revolving Credit Exposures exceed the Borrowing Base then in effect. 
 “Borrowing Base Period” means
(a) initially, the period beginning on the Effective Date and ending on the last day immediately prior to the commencement of an Investment Grade Period and (b) thereafter, any period other than an Investment Grade Period. 

“Borrowing Request” means a request by the Borrower for a Borrowing in accordance with
Section 2.03. 

  
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 “Business Day” means any day that is not a Saturday, Sunday or other
day on which commercial banks in New York City or Denver, Colorado are authorized or required by law to remain closed; provided that, in relation to RFR Loans and any interest rate settings, fundings, disbursements, settlements or payments of
any such RFR Loan, or any other dealings of such RFR Loan, any such day that is only a U.S. Government Securities Business Day. 

“Call Spread Counterparties” means one or more financial institutions selected by the Borrower. 

“Casualty Event” means any loss, casualty or other insured damage to, or any nationalization, taking under power of
eminent domain or by condemnation or similar proceeding of, any Property of the Parent or any of its Restricted Subsidiaries having a book value in excess of the Threshold Amount. 

“Centennial Resource Development” means Centennial Resource Development, Inc., a Delaware corporation. 

“Change in Control” means (a) any Person or “group” (within the meaning of Rules 13d-3 and 13d-5 of the Securities Exchange Act) other than a Qualifying Owner shall (i) be a Beneficial Owner of or (ii) control, in each case, Equity Interests
representing more than fifty percent (50%) of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests, in each case, of Centennial Resource Development, (b) the occupation of a majority of the seats (other
than vacant seats) on the board of directors of Centennial Resource Development by Persons who were neither (i) nominated, appointed or approved for consideration by shareholders for election by the board of directors of Centennial Resource
Development or (ii) appointed by directors so nominated, appointed or approved, (c) the failure of Centennial Resource Development to (i) own more than fifty percent (50%) of the Equity Interests of the Borrower with ordinary voting
power to elect or appoint the managers of the Borrower or (ii) Control the Borrower, (d) the failure of the Parent (at any time that Parent is not the Borrower) to own 100% of the Equity Interests in the Borrower or (e) the occurrence
of a “change of control” or similar event with respect to any Permitted Junior Lien Debt, Permitted Senior Unsecured Notes or any Permitted Refinancing Debt in respect thereof. 

“Change in Law” means (a) the adoption of any law, rule or regulation after the date of this Agreement,
(b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any Lender or the Issuing Bank (or, for purposes of
Section 5.01(b), by any lending office of such Lender or by such Lender’s or the Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any
Governmental Authority made or issued after the date of this Agreement; provided, however, for the purposes of this Agreement, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, guidelines or directives in
connection therewith or promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision or the United States or foreign regulatory authorities, in each case, pursuant to Basel III, are deemed to have gone into
effect and to have been adopted after the date of this Agreement. 

  
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 “CME Term SOFR Administrator” means CME Group Benchmark
Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator). 

“Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor statute. 

“Co-Documentation Agents” means, collectively, U.S. Bank National Association,
Capital One, National Association, Comerica Bank, Credit Suisse AG, New York Branch and Regions Bank. 
 “Colgate
Merger” is defined in the First Amendment. 
 “Colgate Merger Agreement” is defined in the First
Amendment. 
 “Colgate Merger Effective Date” is defined in the First Amendment. 

“Commitment” means, with respect to each Lender, the commitment of such Lender to make Loans and to acquire
participations in Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment may be (a) modified from time to time pursuant to
Section 2.06 and (b) modified from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04. The amount representing each Lender’s Commitment shall at any time
be the least of (i) such Lender’s Maximum Credit Amount, (ii) such Lender’s Applicable Percentage of the then effective Borrowing Base and (iii) such Lender’s Elected Commitment; provided that at any time during
an Investment Grade Period, the amount representing each Lender’s Commitment shall at any time be the lesser of (x) such Lender’s Maximum Credit Amount and (y) such Lender’s Elected Commitment. The total Commitment is the
aggregate amount of the Commitments of all Lenders. 
 “Commitment Fee Rate” is the rate per annum set forth in the
definition of “Applicable Margin”. 
 “Commitment Utilization Percentage” means, as of any day, the
fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the lesser of the Borrowing Base and the Aggregate Elected Commitment Amounts in
effect on such day. 
 “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as
amended from time to time, and any successor statute, and any regulations promulgated thereunder. 
 “Consolidated Net
Income” means with respect to the Parent and the Consolidated Restricted Subsidiaries, for any period, the net income (or loss) of the Parent and the Consolidated Restricted Subsidiaries after allowances for taxes for such period
determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded from such net income (to the extent otherwise included therein) the following: (a) the net income of any Person in which the Parent or any
Consolidated Restricted Subsidiary has an interest (which interest does not cause 

  
 11 

 
the net income of such other Person to be consolidated with the net income of the Parent and the Consolidated Restricted Subsidiaries in accordance with GAAP), except to the extent of the amount
of dividends or distributions actually paid in cash during such period by such other Person to the Parent or to a Consolidated Restricted Subsidiary, as the case may be; (b) the net income (but not loss) during such period of any Consolidated
Restricted Subsidiary to the extent that the declaration or payment of dividends or similar distributions or transfers or loans by that Consolidated Restricted Subsidiary is not at the time permitted by operation of the terms of its charter or any
agreement, instrument or Governmental Requirement applicable to such Consolidated Restricted Subsidiary or is otherwise restricted or prohibited, in each case determined in accordance with GAAP; (c) the net income (or loss) of any Person
acquired in a pooling-of-interests transaction for any period prior to the date of such transaction; (d) any extraordinary, unusual or non-recurring gains or losses during such period, (e) any non-cash gains or losses or positive or negative adjustments under ASC 815 as the result of changes in the fair
market value of derivatives; and (f) any gains or losses attributable to writeups or writedowns of assets, including ceiling test writedowns. 

“Consolidated Net Tangible Assets” means the total assets of Parent and its Consolidated Restricted Subsidiaries as of
the most recent Fiscal Quarter end for which financial statements have been delivered or are required to have been delivered pursuant to Section 8.01, minus all current liabilities (excluding the current portion of any
long-term debt) of Parent and its Consolidated Restricted Subsidiaries reflected on such financial statements and minus total goodwill and other intangible assets of Parent and its Consolidated Restricted Subsidiaries reflected on such financial
statements, all calculated on a consolidated basis in accordance with GAAP. 
 “Consolidated Restricted
Subsidiaries” means any Restricted Subsidiaries that are Consolidated Subsidiaries. 
 “Consolidated
Subsidiaries” means each Subsidiary of the Parent (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Parent in
accordance with GAAP. 
 “Consolidated Unrestricted Subsidiaries” means any Unrestricted Subsidiaries that are
Consolidated Subsidiaries. 
 “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. 
 “Corresponding Tenor” with respect to any Available Tenor means, as applicable, either a tenor
(including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor. 

  
 12 

 “Convertible Notes” means any Permitted Senior Unsecured Notes
permitted to be incurred under the terms of this Agreement which are either (a) convertible into common Equity Interests of the Parent (and cash in lieu of fractional shares of common Equity Interests) and/or cash (in an amount
(i) determined by reference to the publicly traded price of such common Equity Interests or (ii) equal to the principal amount of such Permitted Senior Unsecured Notes, whichever is greater) or (b) sold as common units constituting
Equity Interests of the Parent with call options, warrants or rights to purchase (or substantially equivalent derivative transactions) that are exercisable for common Equity Interests of the Parent and/or cash (in an amount determined by reference
to the publicly traded price of such common Equity Interests). 
 “Convertible Notes Indenture” means any indenture
among the Borrower, as issuer, the guarantors (if any, including the Parent) party thereto from time to time and the trustee named therein, pursuant to which any Convertible Notes are issued. 

“Covered Entity” means any of the following: (a) a “covered entity” as that term is defined in, and
interpreted in accordance with, 12 C.F.R. § 252.82(b); (b) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (c) a “covered FSI” as that term is defined in,
and interpreted in accordance with, 12 C.F.R. § 382.2(b). 
 “Covered Party” has the meaning assigned to such
term in Section 12.22. 
 “Co-Syndication Agents”
means, collectively, Citibank, N.A., Fifth Third Bank, Mizuho Bank, Ltd., PNC Bank, National Association and Truist Bank. 

“Credit Parties” means, collectively, the Borrower and each Guarantor, and “Credit Party”
means any one of the foregoing. 
 “Current Assets” means, as of any date of determination, without duplication, the
sum of all amounts that would, in accordance with GAAP, be set forth opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet of Parent and its Consolidated Restricted Subsidiaries at such date,
plus including the unused amount of the total Commitments (but only to the extent that the Borrower is permitted to borrow such amount under the terms of this Agreement, including, without limitation, Section 6.02
hereof), but excluding non-cash assets under ASC 815 and any cash equity proceeds then being held by the Parent or a Restricted Subsidiary for purposes of making Restricted Payments pursuant to
Section 9.04(a)(iv). 
 “Current Liabilities” means, as of any date of determination,
without duplication, the sum of all amounts that would, in accordance with GAAP, be set forth opposite the caption “total current liabilities” (or any like caption) on a consolidated balance sheet of Parent and its Consolidated Restricted
Subsidiaries on such date, but excluding all non-cash obligations under ASC 815 and current maturities under this Agreement. 

“Daily Simple SOFR” means, for any day (a “SOFR Day”), a rate per annum equal to SOFR for the
day that is five (5) U.S. Government Securities Business Days prior to (a) if such SOFR Day is a U.S. Government Securities Business Day, such SOFR Day or (b) if such SOFR Day is not a U.S. Government Securities Business Day, the U.S.
Government Securities Business Day immediately preceding such SOFR Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s Website. Any change in Daily Simple SOFR due to a change in SOFR shall be
effective from and including the effective date of such change in SOFR without notice to the Borrower. 

  
 13 

 “Debt” means, for any Person, the sum of the following (without
duplication): 
 (a) all obligations of such Person for borrowed money or evidenced by bankers’ acceptances, debentures, notes, bonds
or other similar instruments; 
 (b) all obligations of such Person (whether contingent or otherwise) in respect of letters of credit,
surety or other bonds and similar instruments; 
 (c) all accounts payable and all accrued expenses, liabilities or other obligations of
such Person to pay the deferred purchase price of Property or services (excluding any earn out obligation until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP); 

(d) all obligations under Finance Leases; 

(e) all obligations under Synthetic Leases; 

(f) all Debt (as defined in the other clauses of this definition) of others secured by (or for which the holder of such Debt has an existing
right, contingent or otherwise, to be secured by) a Lien on any Property of such Person, whether or not such Debt is assumed by such Person to the extent of the lesser of (i) the amount of such Debt and (ii) the fair market value (as
determined by the Borrower in good faith) of the Property of such Person securing such Debt; 
 (g) all Debt (as defined in the other
clauses of this definition) of others guaranteed by such Person or in which such Person otherwise assures a creditor against loss of the Debt (howsoever such assurance shall be made) to the extent of the lesser of the amount of such Debt and the
maximum stated amount of such guarantee or assurance against loss; 
 (h) all obligations or undertakings of such Person to maintain or
cause to be maintained the financial position or covenants of others and, to the extent entered into as a means of providing credit support for the obligations of others and not primarily to enable such Person to acquire any such Property, all
obligations or undertakings of such Person to purchase the Debt or Property of others; 
 (i) obligations to deliver commodities, goods or
services, including, without limitation, Hydrocarbons, in consideration of one or more advance payments (not including substantially contemporaneous payments), other than gas balancing arrangements in the ordinary course of business; 

(j) obligations to pay for goods or services even if such goods or services are not actually received or utilized by such Person (other than
obligations contained in firm transportation or supply agreements or other take or pay contracts, in each case arising in the ordinary course of business); 

(k) any Debt of a partnership for which such Person is liable either by agreement, by operation of law or by a Governmental Requirement but
only to the extent of such liability; 
 (l) Disqualified Capital Stock; and 

  
 14 

 (m) the undischarged balance of any production payment created by such Person or for the
creation of which such Person directly or indirectly received payment; 
 provided, however, that “Debt” does not include
(i) obligations with respect to surety or performance bonds and similar instruments entered into in the ordinary course of business in connection with the operation of Oil and Gas Properties or with respect to appeal bonds, (ii) accounts
payable and accrued expenses, liabilities or other obligations to pay the deferred purchase price of Property or services, from time to time incurred in the ordinary course of business which are not greater than one hundred twenty (120) days
past the date of invoice or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP, (iii) Bank Products and endorsements of negotiable instruments for
collection or (iv) any obligations in respect of Minimum Volume Contracts, firm transportation agreements, take or pay contracts or other similar arrangements in the ordinary course of business. The Debt of any Person shall include all
obligations of such Person of the character described above to the extent such Person remains legally liable in respect thereof notwithstanding that any such obligation is not included as a liability of such Person under GAAP. 

“Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or
both would, unless cured or waived, become an Event of Default. 
 “Default Right” has the meaning assigned to such
term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 
 “Defaulting
Lender” means, subject to Section 2.08(l)(v), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be
funded hereunder, or (ii) pay to the Administrative Agent, any Issuing Bank or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit) within two (2) Business
Days of the date when due, (b) has notified the Borrower, the Administrative Agent or any Issuing Bank in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect,
(c) has failed, within three (3) Business Days after written 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 bankruptcy or insolvency laws or become the subject of a 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 the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company
thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on
its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under
any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.08(l)(v)) upon delivery of written
notice of such determination to the Borrower, each Issuing Bank and each Lender. 

  
 15 

 “Disqualified Capital Stock” means any Equity Interest that, by its
terms (or by the terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event, matures or is mandatorily redeemable for any consideration other than other Equity Interests (which would not
constitute Disqualified Capital Stock), pursuant to a sinking fund obligation or otherwise, or is convertible or exchangeable for Debt of the type described in clause (a) of the definition thereof or redeemable for any
consideration other than other Equity Interests (which would not constitute Disqualified Capital Stock) at the option of the holder thereof, in whole or in part (but if in part, only with respect to such amount that meets the criteria set forth in
this definition), on or prior to the date that is ninety-one (91) days after the Maturity Date at the time of issuance of such Equity Interests; provided that (i) any Equity Interests that
would not constitute Disqualified Capital Stock but for provisions thereof giving holders thereof (or the holders of any security into which such Equity Interest is convertible or for which such Equity Interest is exchangeable) the right to require
the issuer thereof to redeem such Equity Interests upon the occurrence of any change of control or any asset sale offer occurring prior to the date that is ninety-one (91) days after the Maturity Date at
the time of issuance of such Equity Interests shall not constitute Disqualified Capital Stock if such Equity Interest provides that the issuer thereof will not redeem any such Equity Interest pursuant to such provisions prior to the date on which
there are no Loans, LC Exposure or other obligations hereunder outstanding and all of the Commitments are terminated and (ii) any Equity Interests that are issued to any employee or to any plan for the benefit of employees of the issuer thereof
or by any such plan to such employees shall not constitute Disqualified Capital Stock solely because such Equity Interests may be required to be repurchased by the issuer thereof as a result of such employee’s termination, death or disability.

 “dollars” or “$” refers to lawful money of the United States of America. 

“Domestic Subsidiary” means any Restricted Subsidiary that is organized under the laws of the United States of America
or any state thereof or the District of Columbia, including, without limitation, (except at such times that the Borrower is the Parent) the Borrower. 

“EBITDAX” means, for any period, the sum of Consolidated Net Income for such period plus (a) without
duplication, the following expenses or charges to the extent deducted from Consolidated Net Income in such period: (i) interest, (ii) income taxes (however denominated), (iii) depreciation, depletion, amortization and other similar noncash
charges, including, without limitation, any non-cash compensation charge or expense, including any charge or expense arising from the grants of stock appreciation or similar rights, stock options, restricted
stock, profits interests or other equity-based incentive awards or other equity-based compensation, (iv) exploration expenses, including plugging and abandonment expenses, (v) transaction costs, expenses and charges with respect to
(A) this Agreement and (B) the acquisition or disposition of Oil and Gas Properties or the incurrence, issuance, repayment, refinancing, amendment, restructuring or other modification of Debt or issuance of Equity Interests, in each case
of this clause (B), including any transaction undertaken but not completed, incurred in such period in an 

  
 16 

 
aggregate amount not to exceed the lesser of (A) $30,000,000 and (B) five percent (5%) of EBITDAX, in either case, in any Reference Period, and (vi) costs, fees and expenses incurred by
the Credit Parties in connection with the closing of this Agreement and the Transactions occurring on or about the Effective Date, minus (b) all noncash income added to Consolidated Net Income. For the purposes of calculating EBITDAX
(including any component thereof) for any Rolling Period pursuant to any determination of the financial ratio contained in Section 9.01(b), if at any time during such Rolling Period the Parent or any Restricted Subsidiary
shall have made any Material Disposition or Material Acquisition, the EBITDAX for such Rolling Period shall be calculated after giving pro forma effect thereto as if such Material Disposition or Material Acquisition had occurred on the first day of
such Rolling Period (such calculations to be reasonably acceptable to the Administrative Agent). 
 “EEA Financial
Institution” means (a) any credit institution or investment firm 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 financial institution established in an EEA Member Country which is a subsidiary of an institution described in
clause (a) or clause (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. 

“Effective Date” means the date on which the conditions specified in Section 6.01 are
satisfied (or waived in accordance with Section 12.02). 
 “Elected Commitment” means, as
to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Elected Commitment”, as the same may be increased, reduced or terminated from time to time in connection with an optional increase,
reduction or termination of the Aggregate Elected Commitment Amounts pursuant to Section 2.06. 

“Elected Commitment Increase Certificate” has the meaning assigned to such term in
Section 2.06(c)(ii)(F). 
 “Election Notice” has the meaning assigned to such term in
Section 3.04(c)(ii). 
 “Engineering Reports” has the meaning assigned such term in
Section 2.07(c)(i). 
 “Environmental Laws” means any and all Governmental Requirements
pertaining in any way to health, safety, the environment, the preservation or reclamation of natural resources, or the management, Release or threatened Release of any Hazardous Materials, in effect in any and all jurisdictions in which the Parent
or any Restricted Subsidiary is conducting, or at any time has conducted, business, or where any Property of the Parent or any Restricted Subsidiary is located, including, the Oil Pollution Act of 1990 (“OPA”), as amended,
the Clean Air Act, as amended, the Comprehensive Environmental, Response, Compensation, and Liability Act of 1980 

  
 17 

 
(“CERCLA”), as amended, the Federal Water Pollution Control Act, as amended, the Occupational Safety and Health Act of 1970, as amended, the Resource Conservation and
Recovery Act of 1976 (“RCRA”), as amended, the Safe Drinking Water Act, as amended, the Toxic Substances Control Act, as amended, the Superfund Amendments and Reauthorization Act of 1986, as amended, the Hazardous Materials
Transportation Act, as amended, and other environmental conservation or protection Governmental Requirements. 
 “Environmental
Permit” means any permit, registration, license, notice, approval, consent, exemption, variance, or other authorization required under or issued pursuant to applicable Environmental Laws. 

“Equity Interests” means shares of capital stock, partnership interests, 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, but excluding, for the avoidance of
doubt, Convertible Notes. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended and any
successor statute, and the rules and regulations promulgated thereunder. 
 “ERISA Affiliate” means each trade or
business (whether or not incorporated) which together with the Parent or a Restricted Subsidiary would be deemed to be a “single employer” within the meaning of section 4001(b)(1) of ERISA or subsections (b), (c), (m) or (o) of
section 414 of the Code. 
 “ERISA Event” means (a) a “Reportable Event” described in section 4043 of
ERISA with respect to any Plan, other than a Reportable Event as to which the provisions of thirty (30) days’ notice to the PBGC are waived, (b) the failure to satisfy the “minimum funding standard” (as defined in section
412 of the Code or section 302 of ERISA), whether or not waived, with respect to any Plan, (c) the filing pursuant to section 412 of the Code or section 302 of ERISA of an application for a waiver of the minimum funding standard with respect to
any Plan; (d) the withdrawal or partial withdrawal of the Parent, a Subsidiary or any ERISA Affiliate from a Plan during a plan year in which it was a “substantial employer” as defined in section 4001(a)(2) of ERISA, or the withdrawal
or partial withdrawal of the Parent, a Subsidiary or any ERISA Affiliate from a Multiemployer Plan, (e) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under section 4041 of ERISA,
(f) the institution of proceedings to terminate a Plan by the PBGC, (g) receipt of a notice of withdrawal liability pursuant to Section 4202 of ERISA, (h) the receipt by Parent, a Subsidiary or any ERISA Affiliate of any notice
concerning a determination that a Multiemployer Plan is, or is expected to be, insolvent within the meaning of Title IV of ERISA, or (i) any other event or condition which constitutes grounds under section 4042 of ERISA for the termination of,
or the appointment of a trustee to administer, any Plan. 
 “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. 

“Event of Default” has the meaning assigned to such term in Section 10.01. 

  
 18 

 “Excepted Liens” means: 

(a) Liens for Taxes, assessments or other governmental charges or levies which are not delinquent or which are being contested in good faith
by appropriate action and for which adequate reserves have been maintained in accordance with GAAP; 
 (b) Liens in connection with
workers’ compensation, unemployment insurance or other social security, old age pension or public liability obligations which are not delinquent or which are being contested in good faith by appropriate action and for which adequate reserves
have been maintained in accordance with GAAP; 
 (c) landlord’s, operators’, vendors’, carriers’, warehousemen’s,
repairmen’s, mechanics’, suppliers’, workers’, materialmen’s, construction or other like Liens, in each case, arising in the ordinary course of business or incident to the exploration, development, operation and maintenance
of Oil and Gas Properties, each of which is in respect of obligations that are not delinquent or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP;
provided that any such Lien referred to in this clause (c) that is not a statutory Lien arising by operation of law does not materially impair the use of the Property covered by such Lien for the purposes for which such Property
is held by the Parent or any Restricted Subsidiary or materially impair the value of such Property subject thereto; 
 (d) Liens which arise
in the ordinary course of business under operating agreements, joint venture agreements, oil and gas partnership agreements, oil and gas leases, farm-out agreements, division orders, contracts for the sale,
transportation or exchange of oil and natural gas, unitization and pooling declarations and agreements, area of mutual interest agreements, overriding royalty agreements, marketing agreements, processing agreements, net profits agreements,
development agreements, gas balancing or deferred production agreements, injection, repressuring and recycling agreements, salt water or other disposal agreements, seismic or other geophysical permits or agreements, and other agreements which are
usual and customary in the oil and gas business and are for claims which are not delinquent or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP,
provided that any such Lien referred to in this clause does not materially impair the use of the Property covered by such Lien for the purposes for which such Property is held by the Parent or any Restricted Subsidiary or materially impair
the value of such Property subject thereto; 
 (e) Liens arising solely by virtue of any statutory or common law provision relating to
banker’s liens, rights of set-off or similar rights and remedies arising in the ordinary course of business and burdening only deposit accounts or other funds maintained with a creditor depository
institution; provided that no such deposit account is a dedicated cash collateral account or is subject to restrictions against access by the depositor in excess of those set forth by regulations promulgated by the Board and no such deposit
account is intended by the Parent or any of its Restricted Subsidiaries to provide collateral to the depository institution; 
 (f) Liens in
favor of depository banks arising under documentation governing deposit accounts which Liens secure the payment of returned items, settlement item amounts, customary bank fees for maintaining deposit accounts, and similar items and fees; 

  
 19 

 (g) (i) easements, restrictions, servitudes, permits, conditions, covenants, exceptions,
reservations, zoning and land use requirements in any Property of the Parent or any Restricted Subsidiary for the purpose of roads, pipelines, transmission lines, transportation lines, distribution lines for the removal of gas, oil, coal or other
minerals or timber, and other like and/or usual and customary purposes, or for the joint or common use of real estate, rights of way, facilities and equipment, that do not secure any Debt and in the aggregate do not materially impair the use of such
Property for the purposes of which such Property is held by the Parent or any Restricted Subsidiary or materially impair the value of such Property subject thereto, and (ii) Immaterial Title Deficiencies; 

(h) Liens on cash or securities pledged to secure (either directly, or indirectly by securing letters of credit that in turn secure)
performance of tenders, surety and appeal bonds, government contracts, performance and return of money bonds, bids, trade contracts, leases, statutory obligations, regulatory obligations, obligations in respect of workers’ compensation,
unemployment insurance or other forms of governmental benefits or insurance and other obligations of a like nature incurred in the ordinary course of business; 

(i) title and ownership interests of lessors (including sub-lessors) of Property leased by such
lessors to the Parent or to any Restricted Subsidiary, Liens and encumbrances encumbering such lessors’ titles and interests in such property and to which Parent’s or such Restricted Subsidiary’s leasehold interests may be subject or
subordinate, in each case whether or not evidenced by Uniform Commercial Code financing statement filings or other documents of record, provided that such Liens do not secure Funded Debt of the Parent or of any Restricted Subsidiary and do
not encumber Property of Parent or any Restricted Subsidiary other than the Property that is the subject of such leases and items located thereon; provided, further, that any such Lien referred to in this clause does not
materially impair the use of the Property covered by such Lien for the purposes for which such Property is held by the Parent or any Restricted Subsidiary or materially impair the value of such Property subject thereto, 

(j) judgment and attachment Liens not giving rise to an Event of Default under Section 10.01(k); 

(k) Liens of licensors of software and other intangible Property licensed by such licensors to the Parent and/or to any Restricted Subsidiary,
including, without limitation, restrictions and prohibitions on encumbrances and transferability with respect to such Property and the Parent’s and/or such Restricted Subsidiary’s interests therein imposed by such licenses, and Liens
encumbering such licensors’ titles and interests in such Property and to which the Parent’s or such Restricted Subsidiary’s license interests may be subject or subordinate, in each case, whether or not evidenced by Uniform Commercial
Code financing statement filings or other documents of record, provided that such Liens do not encumber Property of the Parent or of any Restricted Subsidiary other than the software and other intangible Property that is the subject of such
licenses; 
 (l) Liens solely on any cash earnest money deposits made by the Borrower or any of the Restricted Subsidiaries in connection
with any acquisitions permitted hereunder; and 

  
 20 

 (m) Liens on insurance policies and the proceeds thereof securing the financing of the
premiums with respect thereto in each case to the extent such financing is in the Credit Parties’ ordinary course of business; 
 provided, that
(i) no intention to subordinate the first priority Lien granted in favor of the Administrative Agent and the Lenders is to be hereby implied or expressed by the permitted existence of such Excepted Liens and (ii) the term “Excepted
Liens” shall not include any Lien securing Debt for borrowed money other than the Indebtedness. 
 “Excess
Cash” means, at any time, the aggregate cash or cash equivalents of the Credit Parties (other than Excluded Cash) in excess of the greater of (a) $250,000,000 and (b) (x) during a Borrowing Base Period, ten percent (10%) of the
Borrowing Base in effect at such time or (y) during an Investment Grade Period, four percent (4%) of Consolidated Net Tangible Assets as of the last day of the then most recently ended Rolling Period for which financial statements are
available. 
 “Excluded Cash” means (a) any cash to be used to pay obligations of the Credit Parties then due
and owing (or owing within five (5) Business Days) to unaffiliated third parties (it being agreed and understood that for purposes of this definition, “affiliate” shall be deemed to exclude any portfolio company of a Qualifying Owner)
and with respect to which the Credit Parties have issued (or will issue) checks or have initiated (or will initiate) wires or ACH transfers in order to pay such obligations, (b) cash held in (i) accounts designated and used solely for
payroll, payroll taxes or employee wages and benefits, (ii) cash collateral accounts with respect to Letters of Credit, (iii) trust accounts held and used exclusively for the payment of taxes of the Credit Parties, and (iv) suspense
or trust accounts held and used exclusively for royalty and working interest payments owing to third parties, and (c) any cash or cash equivalents constituting purchase price deposits held in escrow by an unaffiliated third party pursuant to a
binding and enforceable purchase and sale agreement. 
 “Excluded Swap Obligation” means, with respect to any Credit
Party individually determined on a Credit Party by Credit Party basis, any Indebtedness in respect of any Swap Agreement or any other any “swap”, as defined in Section 1(a)(47) of the Commodity Exchange Act (in this definition,
“Swap Indebtedness”) if, and solely to the extent that, all or a portion of the guarantee by such Credit Party of, or the grant by such Credit Party of a security interest to secure, such Swap Indebtedness (or any guarantee
thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Credit Party’s failure
for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act at the time such guarantee or grant of a security interest becomes effective with respect to such related Swap Indebtedness. If any
Swap Indebtedness arises under a master agreement governing more than one transaction, such exclusion shall apply only to the portion of such Swap Indebtedness that is attributable to transactions for which such guarantee or security interest is or
becomes illegal. 

  
 21 

 “Excluded Taxes” means, with respect to the Administrative Agent,
any Lender, the Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of the Borrower or any Guarantor hereunder or under any other Loan Document, (a) income taxes (however denominated) or franchise
taxes (including Texas margin tax) imposed on (or measured by) its net income by the United States of America or such other jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case
of any Lender, in which its applicable lending office is located, (b) any branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction in which the Borrower or any Guarantor is located,
(c) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under Section 5.04(b)), any withholding tax that is imposed on amounts payable to such Foreign Lender pursuant to a law
in effect at the time such Foreign Lender becomes a party to this Agreement (or designates a new lending office) or is attributable to such Foreign Lender’s failure or inability to comply with Section 5.03(f), except
to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts with respect to such withholding tax pursuant to
Section 5.03(a) or Section 5.03(c), and (d) any withholding taxes imposed by FATCA. 

“Existing A&R Credit Agreement” has the meaning assigned to such term in the Recitals. 

“Existing Letters of Credit” means the letters of credit listed on Annex II hereto. 

“Existing Loan Documents” has the meaning given to the term “Loan Documents” in the Existing A&R Credit
Agreement. 
 “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended
or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the
Code, any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to such intergovernmental agreement. 

“FCPA” means the Foreign Corrupt Practices Act of 1977, as amended. 

“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 on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the NYFRB, or, if such rate is not so published for
any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing
selected by it. Notwithstanding anything to the contrary contained herein, if the Federal Funds Effective Rate shall be less than zero percent, such rate shall be deemed to be zero percent for purposes of this Agreement. 

“Fee Letters” means (a) that certain Fee Letter dated as of the Effective Date between JPMorgan and the Borrower,
as the same may be further amended, restated, supplemented or otherwise modified from time to time and (b) any other letter agreements entered into from time to time between the Borrower, the Arranger and/or the Administrative Agent, providing
for payments of fees to the Administrative Agent and/or the Arranger in connection with this Agreement or any transactions contemplated hereby. 

  
 22 

 “Finance Leases” means, in respect of any Person, all leases which
shall have been, or should have been, in accordance with GAAP, recorded as finance leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent thereunder; provided that for purposes of
interpreting accounting terms and for purposes of determinations made with respect to accounting matters hereunder and under any other Loan Document, a lease that would not be considered a finance lease pursuant to GAAP prior to the effectiveness of
ASC 842 as applied to public reporting companies shall not be deemed to constitute a Finance Lease for purposes of this Agreement regardless of any change in GAAP from the application of ASC 842 that would otherwise require such lease to be
characterized or re-characterized (on a prospective or retroactive basis or otherwise) as a Finance Lease or otherwise reflected on the balance sheet. 

“Financial Officer” means, for any Person, the chief financial officer, the principal accounting officer, and the
treasurer of such Person. Unless otherwise specified, all references herein to a Financial Officer means a Financial Officer of the Parent. 

“Financial Statements” means the financial statement or statements referred to in
Section 7.04(a). 
 “First Amendment” means that certain Limited Consent and Waiver and
First Amendment to Third Amended and Restated Credit Agreement dated as of the First Amendment Effective Date among the Borrower, the Guarantors party thereto, the Administrative Agent and the Lenders party thereto. 

“First Amendment Effective Date” means July 15, 2022. 

“Fitch” means Fitch Ratings, Inc. and any successor thereto that is a nationally recognized rating agency. 

“Flood Insurance Regulations” means, collectively, (a) the National Flood Insurance Act of 1968, (b) the
Flood Disaster Protection Act of 1973, (c) the National Flood Insurance Reform Act of 1994, (d) the Flood Insurance Reform Act of 2004 and (e) the Biggert-Waters Flood Insurance Reform Act of 2012, as each of the foregoing is now or
hereafter in effect and any successor statute to any of the foregoing and any regulations promulgated thereunder. 

“Floor” means the benchmark rate floor, if any, provided in this Agreement (as of the execution of this Agreement, the
modification, amendment or renewal of this Agreement or otherwise) with respect to the Adjusted Term SOFR or the Adjusted Daily Simple SOFR, as applicable. For the avoidance of doubt, the initial Floor for the Adjusted Term SOFR and the Adjusted
Daily Simple SOFR shall be zero. 
 “Foreign Lender” means any Lender that is organized under the laws of a
jurisdiction other than that in which the Borrower is located. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

“Foreign Subsidiary” means any Restricted Subsidiary that is not a Domestic Subsidiary. 

  
 23 

 “Fronting Exposure” means, at any time there is a Defaulting Lender,
with respect to an Issuing Bank, such Defaulting Lender’s LC Exposure other than LC Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateralized in accordance with the
terms hereof. 
 “Funded Debt” means the principal amount of all Debt other than (a) contingent obligations in
respect of Debt described in clause (b) of the definition of “Debt”, (b) Debt described in clause (c), clause (i), clause (j), clause (k), clause (l) and clause
(m) of the definition of “Debt”, and (c) Debt described in clause (f), clause (g) or clause (h) of the definition of “Debt” in respect of Debt of others described in
clause (a) or clause (b) of this definition. 
 “GAAP” means generally
accepted accounting principles in the United States of America as in effect from time to time subject to the terms and conditions set forth in Section 1.05. 

“Governmental Authority” means the government of the United States of America, any other nation or any political
subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government (including any supranational bodies such as the European Union or the European Central Bank). 

“Governmental Requirement” means any law, statute, code, ordinance, order, determination, rule, regulation, judgment,
decree, injunction, franchise, permit, certificate, license, rules of common law, authorization or other directive or requirement, whether now or hereinafter in effect, of any Governmental Authority. 

“Guarantors” means Parent (at any time that Parent is not the Borrower) and each Domestic Subsidiary (other than the
Borrower) that guarantees the Indebtedness pursuant to Section 8.14(b). 
 “Guaranty
Agreement” means a Third Amended and Restated Guaranty Agreement executed by the Guarantors in substantially the form of Exhibit F unconditionally guarantying, on a joint and several basis, payment of the
Indebtedness, as the same may be amended, modified or supplemented from time to time. 
 “Hazardous Material” means
any substance regulated or as to which liability might arise under any applicable Environmental Law including: (a) any chemical, compound, material, product, byproduct, substance or waste defined as or included in the definition or meaning of
“hazardous substance”, “hazardous material”, “hazardous waste”, “solid waste”, “toxic waste”, “extremely hazardous substance”, “toxic substance”, “contaminant”,
“pollutant”, or words of similar meaning or import found in any applicable Environmental Law; (b) Hydrocarbons, petroleum products, petroleum substances, natural gas, oil, oil and gas waste, crude oil, and any components, fractions,
or derivatives thereof; and (c) radioactive materials, explosives, asbestos or asbestos containing materials, polychlorinated biphenyls, radon, infectious or medical wastes. 

“Highest Lawful Rate” means, with respect to each Lender, the maximum nonusurious interest rate, if any, that at any
time or from time to time may be contracted for, taken, reserved, charged or received on the Notes or on other Indebtedness under laws applicable to such Lender which are presently in effect or, to the extent allowed by law, under such applicable
laws which may hereafter be in effect and which allow a higher maximum nonusurious interest rate than applicable laws allow as of the date hereof. 

  
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 “Hydrocarbon Interests” means all rights, titles, interests and
estates in and to oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any
reserved or residual interests of whatever nature. 
 “Hydrocarbons” means oil, gas, casinghead gas, drip gasoline,
natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom. 

“Immaterial Subsidiary” shall mean any Restricted Subsidiary designated by the Borrower as an Immaterial Subsidiary if
and for so long as such Immaterial Subsidiary, together with all other Immaterial Subsidiaries so designated as Immaterial Subsidiaries, does not have total assets at such time exceeding $50,000,000.00 in the aggregate; provided that during a
Borrowing Base Period, no Subsidiary may be an Immaterial Subsidiary if it owns Oil and Gas Properties that are included in the then effective Borrowing Base. 

“Immaterial Title Deficiencies” means minor defects or deficiencies in title which do not diminish by more than five
percent (5%) the total value of the Proved Oil and Gas Properties evaluated in the most recently delivered Reserve Report. 

“Indebtedness” means any and all amounts owing or to be owing by the Borrower, the Parent, any other Restricted
Subsidiary, or any other Guarantor (whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising): (a) to any Agent, the Issuing Bank or any Lender under
any Loan Document, including, without limitation, all interest on any of the Loans (including any interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency or reorganization of any
Credit Party (or could accrue but for the operation of applicable bankruptcy or insolvency laws), whether or not such interest is allowed or allowable as a claim in any such case, proceeding or other action); (b) to any (i) Secured Swap
Provider under any Swap Agreement including any Swap Agreement in existence prior to the date hereof, but excluding any additional transactions or confirmations entered into after such Secured Swap Provider ceases to be a Lender or an Affiliate of a
Lender and (ii) Secured Swap Provider of the type described in clause (e) of the definition thereof solely under the Swap Agreements entered into by Colgate (as defined in the First Amendment) and its Subsidiaries listed on Schedule
1.01(a) attached hereto but excluding any additional transactions or confirmations entered into after the First Amendment Effective Date and excluding, in the case of clause (i) and clause (ii), any amounts owing or to be
owing under a Swap Agreement after assignment of such Swap Agreement by a Secured Swap Provider to another Person that is not a Lender or an Affiliate of a Lender; (c) to any Bank Products Provider in respect of Bank Products; and (d) all
renewals, extensions and/or rearrangements of any of the above; provided that solely with respect to any Guarantor that is not an “eligible contract participant” under the Commodity Exchange Act, Excluded Swap Obligations with
respect to such Guarantor shall be excluded from the “Indebtedness” owing by such Guarantor. 

  
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 “Indemnified Taxes” means Taxes other than Excluded Taxes and Other
Taxes. 
 “Index Debt” means, the senior, unsecured, long-term indebtedness for borrowed money of the Borrower or
Parent, as applicable, that is not guaranteed by any other Person (other than Centennial Resource Development and the Guarantors) or subject to any other credit enhancement. 

“Industry Competitor” means any Person (other than Borrower, any Guarantor or any of their Affiliates or Subsidiaries)
that (a) is identified in writing by the Borrower to the Administrative Agent and (b) directly or indirectly, is actively engaged as one of its principal businesses in lease acquisitions, exploration and production operations or
development of oil and gas properties (including the drilling and completion of producing wells). 
 “Initial Reserve
Report” means the reserve report prepared by Netherland, Sewell & Associates, Inc. setting forth, as of December 31, 2021, the Proved Reserves attributable to the Oil and Gas Properties of the Borrower and its Restricted
Subsidiaries, utilized by the Administrative Agent and the Lenders in determining the initial Borrowing Base as of the Effective Date. 

“Intercreditor Agreement” means a customary intercreditor agreement, among the Administrative Agent, any
representatives, agents or trustees of Permitted Junior Lien Debt, and the other parties party thereto from time to time, in such form as is in form and substance reasonably acceptable to Administrative Agent, the Borrower and the Majority Lenders;
provided that any Lender which has not objected to such form within five (5) Business Days after receipt of a draft thereof shall be deemed to have approved such form. 

“Interest Election Request” means a request by the Borrower to convert or continue a Borrowing in accordance with
Section 2.04. 
 “Interest Payment Date” means (a) with respect to any ABR Loan,
(i) the last day of each March, June, September and December and (ii) the Maturity Date, (b) with respect to any RFR Loan, (i) each date that is on the numerically corresponding day in each calendar month that is one month after
the Borrowing of such Loan (or, if there is no such numerically corresponding day in such month, then the last day of such month) and (ii) the Maturity Date, and (c) with respect to any Term Benchmark Loan, (i) the last day of the
Interest Period applicable to the Borrowing of which such Loan is a part, (ii) in the case of a Term Benchmark Borrowing with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period
that occurs at intervals of three months’ duration after the first day of such Interest Period, and (iii) the Maturity Date. 

“Interest Period” means with respect to any Term Benchmark Borrowing, the period commencing on the date of such
Borrowing and ending on the numerically corresponding day in the calendar month that is one, three or six months thereafter (in each case, subject to the availability for the Benchmark applicable to the relevant Loan or Commitment), as the Borrower
may elect; provided that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next
calendar month, in which case such Interest Period shall end on the next preceding Business Day, (b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding

  
 26 

 
day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period and (c) no tenor that has been removed from this
definition pursuant to Section 3.03(e) shall be available for specification in such Borrowing Request or Interest Election Request. For purposes hereof, the date of a Borrowing initially shall be the date on which such
Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“Interim Redetermination” has the meaning assigned to such term in Section 2.07(b). 

“Interim Redetermination Date” means the date on which a Borrowing Base that has been redetermined pursuant to an
Interim Redetermination becomes effective as provided in Section 2.07(d). 
 “Investment”
means, for any Person: (a) the acquisition (whether for cash, Property, services or securities or otherwise) of Equity Interests in any other Person (including, without limitation, any “short sale” or any sale of any securities at a
time when such securities are not owned by the Person entering into such short sale); (b) the making of any deposit with, or advance, loan or capital contribution to, assumption of Funded Debt of, purchase or other acquisition of any other
Funded Debt of, or other extension of credit to, any other Person (including the purchase of Property from another Person subject to an understanding or agreement, contingent or otherwise, to resell such Property to such Person); (c) the
purchase or acquisition (in one or a series of transactions) of Property (other than Equity Interests) of another Person that constitutes a business unit both before and after such acquisition; or (d) the entering into of any guarantee of, or
other surety obligation (including the deposit of any Equity Interests to be sold) with respect to, Funded Debt or other liability of any other Person and (without duplication) any amount committed to be advanced, lent or extended to such Person,
provided in each case that accounts receivable (including obligations of joint working interest owners) arising in the ordinary course of business do not constitute Investments. 

“Investment Grade Election” means a written notice delivered by the Borrower to the Administrative Agent of its
election to enter into an Investment Grade Period, together with a certificate of a Responsible Officer of the Borrower confirming that as of such date, (a) the Parent or Borrower, as applicable, has an Investment Grade Rating from one or more
of Moody’s and S&P, (b) no Default or Event of Default has occurred and is continuing, (c) the release of any Lien on, or other security interest in, the Mortgaged Property or other collateral encumbered by the Security
Instruments does not violate the terms of any Secured Swap Agreement or Bank Products agreement with a Bank Products Provider, (d) any Swap Agreements and Bank Products agreements of Parent and its Subsidiaries are not otherwise secured, except
to the extent secured by a Lien otherwise permitted under the Loan Documents and (e) all liens securing any Permitted Junior Lien Debt then outstanding will be contemporaneously released concurrently with the release of all liens created by the
Security Instruments. 
 “Investment Grade Period” means any period commencing with the date the Borrower delivers
an Investment Grade Election to the Administrative Agent (so long as the Parent or Borrower, as applicable, has an Investment Grade Rating from one or more of Moody’s and S&P at such time) and ending with the earlier to occur of
(a) the date the Borrower elects in writing to the Administrative Agent to exit such Investment Grade Period and (b) the first date following the beginning of such Investment Grade Period on which the Borrower receives an Index Debt rating
from Moody’s and S&P below (i) Ba1 and (ii) BB+, respectively. 

  
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 “Investment Grade Rating” means, with respect to
(a) Moody’s, an Index Debt rating of Baa3 or better, (b) S&P, an Index Debt rating of BBB- or better and (c) Fitch, an Index Debt rating of BBB-
or better. 
 “IRS” means the United States Internal Revenue Service. 

“Issuing Banks” means, collectively, (a) JPMorgan, Wells Fargo Bank, N.A., Citibank, N.A., Fifth Third Bank,
National Association, PNC Bank, National Association and Truist Bank and (b) any other Lender identified by the Borrower pursuant to Section 2.08 (and reasonably acceptable to the Administrative Agent) that agrees to
act as an Issuing Bank, in each case, in their respective capacities as the issuers of Letters of Credit hereunder, and their successors in such capacity as provided in Section 2.08(i). Any Issuing Bank may, in its
discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such
Affiliate. 
 “Issuing Bank Agreement” has the meaning assigned to such term in
Section 2.08. 
 “JPMorgan” means JPMorgan Chase Bank, N.A., a national banking
association, in its individual capacity, and its successors. 
 “Junior Debt Payment” has the meaning assigned to
such term in Section 9.04(b). 
 “LC Commitment” means, at any time, the greater of (a)
$125,000,000 and (b) five percent (5%) of the Borrowing Base then in effect; provided that (i) during an Investment Grade Period, the LC Commitment shall be two percent (2%) of Consolidated Net Tangible Assets as of the last day of
the then most recently ended Rolling Period for which financial statements are available and (ii) in any event, the LC Commitment shall not be greater than the aggregate LC Issuance Limits of the Issuing Banks. 

“LC Disbursement” means a payment made by the Issuing Bank pursuant to a Letter of Credit. 

“LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of
Credit at such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Lender at any time shall be its Applicable Percentage of the
total LC Exposure at such time. 
 “LC Issuance Limits” means, with respect to each Issuing Bank, the amount set
forth on Annex III opposite such Issuing Bank’s name, or in the case of any Lender that becomes an Issuing Bank after the Effective Date as contemplated by Section 2.08, the amount set forth in an Issuing Bank
Agreement executed by such Lender. 

  
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 “Lenders” means the Persons listed on Annex I, any Person
that shall have become a party hereto pursuant to an Assignment and Assumption, and any Person that shall have become a party hereto as an Additional Lender pursuant to Section 2.06(c), other than, in each case, any such
Person that ceases to be a party hereto pursuant to an Assignment and Assumption. 
 “Letter of Credit” means any
letter of credit issued pursuant to this Agreement and any Existing Letters of Credit. 
 “Letter of Credit
Agreements” means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with the Issuing Bank relating to any
Letter of Credit. 
 “Lien” means any interest in Property securing an obligation owed to, or a claim by, a Person
other than the owner of the Property, whether such interest is based on the common law, statute or contract, and whether such obligation or claim is fixed or contingent, and including but not limited to (a) the lien or security interest arising
from a deed of trust, mortgage, pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes or (b) production payments and the like payable out of Oil and Gas Properties. The term
“Lien” shall include encumbrances, easements, restrictions, servitudes, permits, conditions, covenants, exceptions or reservations, in each case, where the effect is to secure an obligation owed to, or a claim by, a Person
other than the owner of the Property. For the purposes of this Agreement, the Parent and its Restricted Subsidiaries shall be deemed to be the owner of any Property which it has acquired or holds subject to a conditional sale agreement, or leases
under a financing lease or other arrangement pursuant to which title to the Property has been retained by or vested in some other Person in a transaction intended to create a financing. 

“Liquidity” means, as of any date of determination, the sum of (a) the aggregate unused amount of the total
Commitments under this Agreement as of such date (but only to the extent that the Borrower is permitted to borrow such amounts under the terms of this Agreement including, without limitation, Section 6.02 hereof) and
(b) the aggregate amount of unrestricted cash and cash equivalents of the Parent and its Restricted Subsidiaries at such date. 

“Loan” means any revolving loan made to the Borrower pursuant to Article II, and
“Loans” means, collectively, two or more such Loans, as the context requires. 
 “Loan
Documents” means this Agreement, the First Amendment, the Notes, the Letter of Credit Agreements, the Letters of Credit, any Intercreditor Agreement, each Fee Letter and the Security Instruments, in each case, as the same may be
amended, modified, supplemented or restated from time to time. 
 “Majority Lenders” means, (a) if there are
less than three Lenders at such time, all Lenders, and (b) if there are three or more Lenders at such time, (i) at any time while no Loans or LC Exposure is outstanding, Lenders having greater than fifty percent (50%) of the Aggregate
Maximum Credit Amounts; and (ii) at any time while any Loans or LC Exposure is outstanding, Lenders holding Revolving Credit Exposures and unused Commitments representing greater than fifty percent (50%) of the sum of the outstanding aggregate
principal amount of the Loans and participation interests in Letters of Credit (without regard to any sale by a Lender of a participation in any Loan under Section 12.04(c)) and unused Commitments; provided that the
Maximum Credit Amounts and the principal amount of the Loans and participation interests in Letters of Credit of the Defaulting Lenders (if any) shall be excluded from the determination of Majority Lenders. 

  
 29 

 “Material Acquisition” means any acquisition of Property or series
of related acquisitions of Property that involves the payment of consideration by the Parent and/or its Restricted Subsidiaries in excess of a dollar amount equal to (a) during a Borrowing Base Period, ten percent (10%) of the then effective
Borrowing Base or (b) during an Investment Grade Period, four percent (4%) of Consolidated Net Tangible Assets as of the last day of the then most recently ended Rolling Period for which financial statements are available; provided that
in each case a Material Acquisition shall not include any acquisition of Oil and Gas Properties to which no Proved Reserves are attributed or any acquisition of any Equity Interests in any Unrestricted Subsidiary. 

“Material Adverse Effect” means a material adverse change in, or material adverse effect on (a) the business,
operations, Property or condition (financial or otherwise) of the Parent and the Restricted Subsidiaries taken as a whole, (b) the ability of the Credit Parties to perform their obligations, taken as a whole, under the Loan Documents,
(c) the validity or enforceability of any Loan Document or (d) the rights and remedies of or benefits available to, taken as a whole, the Administrative Agent, any other Agent, the Issuing Bank or any Lender under any Loan Document. 

“Material Disposition” means any Transfer of Property or series of related Transfers of property that yields gross
proceeds to the Parent or any of its Restricted Subsidiaries in excess of a dollar amount equal to (a) during a Borrowing Base Period, ten percent (10%) of the then effective Borrowing Base or (b) during an Investment Grade Period, four
percent (4%) of Consolidated Net Tangible Assets as of the last day of the then most recently ended Rolling Period for which financial statements are available; and provided that in each case a Material Disposition shall not include any
Transfer of Oil and Gas Properties to which no Proved Reserves are attributed or any Transfer of any Equity Interests in any Unrestricted Subsidiary. 

“Material Indebtedness” means Debt (other than the Loans and Letters of Credit), or obligations in respect of one or
more Swap Agreements, of any one or more of the Parent and its Restricted Subsidiaries in an aggregate principal amount exceeding the Threshold Amount. For purposes of determining Material Indebtedness, the “principal amount” of the
obligations of the Parent or any Restricted Subsidiary in respect of any Swap Agreement at any time shall be the Swap Termination Value of such Swap Agreement. 

“Maturity Date” means February 18, 2027. 

“Maximum Credit Amount” means, as to each Lender, the amount set forth opposite such Lender’s name on Annex
I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to
Section 2.06(b), (b) modified from time to time pursuant to Section 2.06(c) or (c) modified from time to time pursuant to any assignment permitted by
Section 12.04(b). 

  
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 “Minimum Volume Contract” means any contract or analogous
arrangement containing a “take-or-pay”, “ship-or-pay”, purchase and
sale agreement, advance payment, prepayment or similar provision that (a) contains a commitment by the Borrower or any of the Restricted Subsidiaries to a minimum capacity in a gathering system, pipeline, processing, compression, treatment,
disposal or other midstream, downstream, transportation or similar facility or otherwise guarantees a fixed fee, minimum volume or minimum thru-put volume, minimum revenue or minimum return in respect of a
marketing or purchase and sale arrangement or a gathering system, pipeline, processing, compression treatment, disposal or other midstream, downstream, transportation or similar facility or arrangement or the capital utilized to construct or acquire
any of the foregoing, (b) includes an agreement by such Person to pay for such commitment regardless of whether such capacity or thru-put is actually utilized or otherwise pay for such fixed fee or
guaranteed amount irrespective of the utilization of facilities or volumes provided for sale under a purchase and sale arrangement or similar marketing arrangement and (c) is not cancellable or terminable on less than six (6) months’
notice. 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto that is a nationally
recognized rating agency. 
 “Mortgage Coverage Requirement” means that the Mortgaged Properties (a) must
represent at least eighty-five percent (85%) (or such greater percentage as is then required to secure any Permitted Junior Lien Debt at such time) of the total value of the Proved Oil and Gas Properties evaluated in the most recently completed
Reserve Report after giving effect to exploration and production activities, acquisitions, dispositions and production and (b) otherwise include any other Oil and Gas Properties (including, to the extent applicable, any unproven acreage and any
midstream or gathering assets) on which Liens have been granted to secure any Permitted Junior Lien Debt at such time. 

“Mortgaged Property” means any Property owned by the Borrower or any Guarantor which is subject to the Liens existing
and to exist under the terms of any mortgages or deeds of trust that are Security Instruments. 
 “Multiemployer
Plan” means a multiemployer plan as defined in section 4001(a)(3) of ERISA under which the Borrower, a Restricted Subsidiary or an ERISA Affiliate has any obligation or liability. 

“New Borrowing Base Notice” has the meaning assigned such term in Section 2.07(d). 

“NGP” means NGP Energy Capital Management, L.L.C., a Texas limited liability company (the “NGP
Manager”), NGP XI US Holdings, L.P., NGP XII US Holdings, L.P. and NGP Pearl Holdings II, L.L.C., together with the respective parallel investment entities and alternative investment entities of each of the foregoing, and any future
investment fund or co-investment fund managed by the NGP Manager or any of its Affiliates, and any Affiliates of one or more of the foregoing; provided that in no event will any portfolio company of any of the
foregoing be included in the definition of “NGP”. 
 “Non-Defaulting
Lender” means, at any time, each Lender that is not a Defaulting Lender at such time. 

  
 31 

 “Notes” means the promissory notes of the Borrower described in
Section 2.02(d) evidencing the Loans and being substantially in the form of Exhibit A, together with all amendments, modifications, replacements, extensions and rearrangements thereof. 

“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 by 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 percent, such rate shall be deemed to be zero percent for purposes of this Agreement. 

“NYFRB’s Website” means the website of the NYFRB at http://www.newyorkfed.org, or any successor source. 

“OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury. 

“Oil and Gas Properties” means (a) Hydrocarbon Interests; (b) all rights and interests incidental to any
Hydrocarbon Interests, including, without limitation, all rights and interests with respect to any presently existing or future pooled, communitized or unitized acreage which may affect all or any portion of such Hydrocarbon Interests by virtue of
any such Hydrocarbon Interests being a part thereof (including without limitation all units created under orders, regulations and rules of any Governmental Authority); (c) all operating agreements, contracts and other agreements, including
production sharing contracts and agreements, which relate to any Hydrocarbon Interests or the production, sale, purchase, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests; (d) all Hydrocarbons in and
under and which may be produced and saved or attributable to any Hydrocarbon Interests, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to such Hydrocarbon Interests;
(e) all tenements, hereditaments, appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to Hydrocarbon Interests and (f) all Property, real or personal, now owned or hereinafter acquired and situated
upon, used, or held for use in connection with the operating, working or development of any of such Hydrocarbon Interests (excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be on such premises for
the purpose of drilling a well or for other similar temporary uses) and including any and all oil wells, gas wells, injection wells or other wells, buildings, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping
units, field gathering systems, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases,
rights-of-way, easements and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing. Unless
otherwise expressly provided herein, all references in this Agreement to “Oil and Gas Properties” refer to Oil and Gas Properties owned by the Parent and its Restricted Subsidiaries, as the context requires. 

  
 32 

 “Other Taxes” means any and all present or future stamp or
documentary taxes or any other excise or Property taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement and any other Loan Document.

 “Overnight Bank Funding Rate” means, for any day, the rate comprised of both overnight federal funds and
overnight eurodollar transactions denominated in dollars by U.S.-managed banking offices of depository institutions (as such composite rate shall be determined by the NYFRB as set forth on the NYFRB’s Website from time to time) and published on
the next succeeding Business Day by the NYFRB as an overnight bank funding rate. 
 “Parent” initially means the
Borrower. If any Person acquires one hundred percent (100%) of the outstanding Equity Interests in the Borrower and executes and delivers a Parent Joinder Agreement to the Administrative Agent, that Person will become the Parent and the Borrower
will automatically cease to be the Parent. 
 “Parent Joinder Agreement” means an agreement substantially in the
form of Exhibit L (or otherwise in form and substance acceptable to the Administrative Agent). 

“Participant” has the meaning assigned to such term in Section 12.04(c)(i). 

“Participant Register” has the meaning assigned to such term in Section 12.04(c)(i). 

“Payment” has the meaning assigned to such term in Section 11.14(a). 

“Payment Notice” has the meaning assigned to such term in Section 11.14(b). 

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

“Pearl” means Pearl Energy Investment Management, LLC, a Delaware limited liability company (the “Pearl
Manager”), Pearl Energy Investments, L.P. and Pearl Energy Investments II, L.P., together with their respective parallel investment entities and alternative investment entities of each of the foregoing, and any future investment fund or
co-investment fund managed by the Pearl Manager or any of its Affiliates, and any Affiliates of one or more of the foregoing; provided that in no event will any portfolio company of any of the foregoing be
included in the definition of “Pearl”. 
 “Permitted Bond Hedge Transactions” means the bond hedge or
capped call options purchased by the Parent or the Borrower from the Call Spread Counterparties to hedge the Credit Parties’ payment and/or delivery obligations due upon conversion of any Convertible Notes, so long as, the purchase price for
such Permitted Bond Hedge Transaction, does not exceed the net proceeds received by the Borrower from the sale of such Convertible Notes issued in connection with the Permitted Bond Hedge Transaction. 

“Permitted Junior Lien Debt” means secured Debt (other than the Indebtedness) which (i) may be senior, senior
subordinated or subordinated Debt, (ii) does not provide for any scheduled payment of principal, mandatory Redemptions or scheduled sinking fund payment on or before the date that is at least one hundred eighty (180) days following the
Maturity Date in effect at the 

  
 33 

 
time of issuance (other than provisions requiring Redemption or offers to Redeem in connection with asset sales or a change in control); (iii) does not contain financial and negative covenants
and events of default that are, taken as a whole, more restrictive with respect to the Credit Parties than the financial and negative covenants and Events of Default herein (as determined in good faith by senior management of the Parent) unless
either (x) this Agreement is amended to include such more restrictive covenants and events of default, taken as a whole (which such amendment shall be executed among the Administrative Agent and the Borrower and will not be subject to the
requirements of Section 12.02(b)) or (y) such more restrictive covenants and events of default shall only become applicable after the termination of this Agreement and (iv) is subject at all times to an
Intercreditor Agreement providing that the Liens securing such obligations shall rank junior to the Liens securing the Indebtedness, in each case, issued or incurred by the Borrower and guaranteed by the Guarantors (provided that no
Subsidiary of the Borrower (other than a Guarantor or a Person who becomes a Guarantor in connection therewith) is an obligor under such Debt). 

“Permitted Junior Lien Debt Documents” means all agreements, documents or instruments issued, executed or delivered by
any Credit Party in connection with, or pursuant to, the incurrence of Permitted Junior Lien Debt or any Permitted Refinancing Debt in respect thereof. 

“Permitted Refinancing Debt” means any Debt (for purposes of this definition, “new Debt”) of
the Parent, Borrower or any Credit Party issued in exchange for, or the net cash proceeds of which are used to refinance in whole or in part other Debt (for purposes of this definition, the “Refinanced Debt”) of such Person;
provided that (a) the principal amount of such new Debt does not exceed the then outstanding principal amount (or accreted value, if applicable) of the Refinanced Debt (or, if the Refinanced Debt is exchanged or acquired for an amount
less than the principal amount (or accreted value, if applicable) thereof to be due and payable upon a declaration of acceleration thereof, such lesser amount) (plus all accrued (including, for purposes of defeasance, future accrued) and
unpaid interest on the Debt so refinanced or exchanged and fees, expenses, call protection, premiums or original issue discount related to such exchange or refinancing), (b) if the Refinanced Debt is subordinated in right of payment to the
Indebtedness, such new Debt is subordinated in right of payment to the Indebtedness, (c) such new Debt has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to maturity of the Refinanced Debt, (d) such
new Debt does not provide for any scheduled payment of principal, mandatory Redemptions or scheduled sinking fund payment on or before the date that is at least one hundred eighty (180) days following the Maturity Date in effect at the time of
issuance (other than provisions requiring Redemption or offers to Redeem in connection with asset sales or a change in control), (e) such new Debt does not contain financial and negative covenants and events of default that are, taken as a whole,
more restrictive with respect to the Credit Parties than the financial and negative covenants and Events of Default herein (as determined in good faith by senior management of the Parent) unless either (i) this Agreement is amended to include
such more restrictive covenants and events of default, taken as a whole (which such amendment shall be executed among the Administrative Agent and the Borrower and will not be subject to the requirements of
Section 12.02(b)) or (ii) such more restrictive covenants and events of default shall only become applicable after the termination of this Agreement and (f) solely with respect to Permitted Junior Lien Debt, such
new Debt shall be subject at all times to an Intercreditor Agreement. 

  
 34 

 “Permitted Senior Unsecured Notes” means those notes (whether
senior, senior subordinated, or subordinated, and including any such notes and Convertible Notes issued prior to the Effective Date) that may be issued by the Parent or the Borrower (or by any Credit Party as
co-issuer); provided that such Permitted Senior Unsecured Notes shall: (a) be unsecured; (b) not provide for any scheduled payment of principal, mandatory Redemptions or scheduled sinking fund
payment on or before the date that is at least one hundred eighty (180) days following the Maturity Date in effect at the time of issuance which, for such notes issued before the Effective Date, shall be the “Maturity Date” as defined
in the Existing A&R Credit Agreement (other than provisions requiring Redemption or offers to Redeem in connection with asset sales or a change in control); and (c) contain financial and negative covenants and events of default that are,
taken as a whole, no more restrictive with respect to the Credit Parties than the financial and negative covenants and Events of Default herein (as determined in good faith by senior management of the Parent), other than customary fundamental change
provisions with respect to Convertible Notes. 
 “Permitted Senior Unsecured Notes Documents” means the Permitted
Senior Unsecured Notes, all guarantees thereof and all other agreements, documents or instruments executed and delivered by any Credit Party in connection with, or pursuant to, the issuance of Permitted Senior Unsecured Notes or any Permitted
Refinancing Debt in respect thereof. 
 “Permitted Tax Distributions” means, (a) with respect to any taxable
period (1) for which the Borrower and/or any of its Subsidiaries are members of a consolidated, combined, affiliated, unitary or similar income tax group for U.S. federal and/or applicable state or local income tax purposes, or (2) for
which the Borrower is a partnership or disregarded entity for U.S. federal income tax purposes that is wholly owned (directly or indirectly) by a C corporation for U.S. federal and/or applicable state or local income tax purposes, distributions in
an amount not to exceed the amount of any U.S. federal, state and/or local income taxes that the Borrower and/or its Subsidiaries, as applicable, would have paid for such taxable period had the Borrower and/or its Subsidiaries, as applicable, been a
stand-alone corporate taxpayer or a standalone corporate group; provided that distributions pursuant to this clause (a) in respect of an Unrestricted Subsidiary shall be permitted only to the extent that cash distributions were made by such
Unrestricted Subsidiary to the Borrower or any of its Restricted Subsidiaries for such purpose, and (b) without duplication of clause (a) and with respect to any taxable period for which the Borrower is a partnership or disregarded entity
for U.S. federal income tax purposes (other than a partnership or disregarded entity described in clause (a)(2) above), distributions to the holders of the Equity Interests of the Borrower, on a pro rata basis, at such times and in such amounts as
necessary to enable Centennial Resource Development to timely satisfy all of its U.S. federal, state and local and non-U.S. tax liabilities to the extent attributable to the Borrower and its Subsidiaries
(determined by taking into account any U.S. federal, state and/or local (as applicable) loss carryforwards and accounting for any limitations on such loss carryforwards of Centennial Resource Development attributable to its ownership of the Borrower
and its subsidiaries for prior taxable periods). 
 “Person” means any natural person, corporation, limited
liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

  
 35 

 “Plan” means any employee pension benefit plan (other than a
Multiemployer Plan), as defined in section 3(2) of ERISA, that is subject to Title IV of ERISA, section 302 of ERISA or section 412 of the Code and that (a) is currently or hereafter sponsored, maintained or contributed to by the Parent, a
Restricted Subsidiary or an ERISA Affiliate or (b) was at any time during the six calendar years preceding the date hereof, sponsored, maintained or contributed to by the Parent or a Restricted Subsidiary or an ERISA Affiliate. 

“Plan Asset Regulations” means 29 CFR § 2510.3-101 et seq., as modified
by section 3(42) of ERISA, as amended from time to time. 
 “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 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.
Such rate is set by JPMorgan as a general reference rate of interest, taking into account such factors as JPMorgan may deem appropriate; it being understood that many of JPMorgan’s commercial or other loans are priced in relation to such rate,
that it is not necessarily the lowest or best rate actually charged to any customer and that JPMorgan may make various commercial or other loans at rates of interest having no relationship to such rate. 

“Property” means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or
intangible, including, without limitation, cash, securities, accounts and contract rights. 
 “Proposed Borrowing
Base” has the meaning assigned to such term in Section 2.07(c)(i). 
 “Proposed Borrowing
Base Notice” has the meaning assigned to such term in Section 2.07(c)(ii). 
 “Proved
Developed Producing Reserves” or “PDP” means “proved developed producing oil and gas reserves” as such term is defined by the SEC in its standards and guidelines. 

“Proved Oil and Gas Properties” means Oil and Gas Properties to which Proved Reserves are attributed. References
herein to the “total value” of Proved Oil and Gas Properties refer to the present value of the PDP that are attributed thereto in the then most recent Reserve Report plus risk-discounted portions (as determined by the Administrative Agent)
of the present value of the Proved Reserves other than PDP that attributed thereto in such Reserve Report. 
 “Proved
Reserves” or “Proved” means reserves that are “proved oil and gas reserves” and either (a) “proved developed producing oil and gas reserves”, (b) “proved developed non-producing oil and gas reserves” (consisting of proved developed shut-in oil and gas reserves and proved developed behind pipe oil and gas reserves), or (c)
“proved undeveloped oil and gas reserves”, as such terms are defined by the SEC in its standards and guidelines. 

“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. 
 “Purchase Money Debt” means Debt, the proceeds of which are used to finance the
acquisition, construction, or improvement of inventory, equipment or other Property in the ordinary course of business; provided, however, that such Debt is incurred no later than one hundred twenty (120) days after such
acquisition or the completion of such construction or improvement. 

  
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 “PV-9” means, with respect
to any Proved Reserves expected to be produced from any of the Oil and Gas Properties of the Borrower and its Restricted Subsidiaries evaluated in the most recently delivered Reserve Report, the net present value, discounted at 9% per annum, of the
future net revenues expected to accrue to the Borrower’s and the other Credit Parties’ collective interests in such Proved Reserves during the remaining expected economic lives of such Proved Reserves, calculated in accordance with the
most recent Bank Price Deck provided to the Borrower by the Administrative Agent (and giving effect to (a) estimated acquired Proved Reserves that were not reflected in such Reserve Report, (b) estimated Proved Reserves attributable to
extensions, discoveries and other additions and upward revisions of estimates of Proved Reserves since the date of such Reserve Report due to exploration, development or exploitation, production or other activities, which would, in accordance with
standard industry practice, cause such revisions (including the impact to Proved Reserves and future net revenues from estimated development costs incurred and the accretion of discount since such year-end),
(c) estimated Proved Reserves produced or disposed of since the date of such Reserve Report to the extent such estimated discounted future net revenues were included in such Reserve Report or such estimated reserves under clause (a) or
clause (b) above, and (d) estimated Proved Reserves attributable to downward revisions of estimates of Proved Reserves since the date of such Reserve Report due to changes in geological conditions or other factors which would, in
accordance with standard industry practice, cause such revisions); provided that the aggregate PV-9 attributable to Proved Reserves described in clause (b) or clause (c) of the
definition thereof shall in no event exceed thirty-five percent (35%) of the aggregate PV-9. 

“PV-9 Coverage Ratio” means, as of any date of determination, the ratio of (a) PV-9 as reflected in the most recent Reserve Report delivered prior to such date of determination to (b) Funded Debt of the Parent and the Consolidated Restricted Subsidiaries on a consolidated basis
as of such date of determination. 
 “QFC” has the meaning assigned to the term “qualified financial
contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 
 “QFC Credit Support” has
the meaning assigned to such term in Section 12.22. 
 “Qualified ECP Counterparty” means,
in respect of any Swap Agreement, each Credit Party that (a) has total assets exceeding $10,000,000 at the time any guaranty of obligations under such Swap Agreement or grant of the relevant security interest becomes effective or
(b) otherwise constitutes an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time by entering into a keepwell under
Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Qualifying Owner” means each of
(i) Riverstone, (ii) Pearl and (iii) NGP. 
 “Redemption” means with respect to any Debt, the repurchase,
redemption, prepayment, repayment, defeasance or any other acquisition or retirement for value (or the segregation of funds with respect to any of the foregoing) of such Debt. “Redeem” has the correlative meaning thereto.

  
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 “Redetermination Date” means, with respect to any Scheduled
Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d). 

“Reference Time” means, with respect to any setting of the then-current Benchmark, (a) if such Benchmark is the
Term SOFR, 5:00 a.m. (Denver, Colorado time) on the day that is two (2) Business Days preceding the date of such setting, (b) if the RFR for such Benchmark is Daily Simple SOFR, 5:00 a.m. (Denver, Colorado time) on the day that is four
(4) Business Days preceding the date of such setting or (c) if such Benchmark is neither of the Term SOFR or Daily Simple SOFR, the time determined by the Administrative Agent in its reasonable discretion giving due consideration to
(i) any selection or recommendation of a reference time by the Relevant Governmental Body or (ii) any evolving or then prevailing market convention for determining a reference time for such Benchmark at such time. 

“Register” has the meaning assigned to such term in Section 12.04(b)(iv). 

“Regulation D” means Regulation D of the Board, as the same may be amended, supplemented or replaced from time to
time. 
 “Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the
respective directors, officers, employees, agents and advisors (including attorneys, accountants and experts) of such Person and such Person’s Affiliates. 

“Release” means any depositing, spilling, leaking, pumping, pouring, placing, emitting, discarding, abandoning,
emptying, discharging, migrating, injecting, escaping, leaching, dumping, or disposing. 
 “Relevant Governmental
Body” means the Board and/or the NYFRB, the CME Term SOFR Administrator, as applicable, or a committee officially endorsed or convened by the Board and/or the NYFRB, or, in each case, any successor thereto. 

“Relevant Rate” means (a) with respect to any Term Benchmark Borrowing, the Adjusted Term SOFR or (b) with
respect to any RFR Borrowing, the Adjusted Daily Simple SOFR, as applicable. 
 “Remedial Work” has the meaning
assigned to such term in Section 8.10(a). 
 “Required Lenders” means, (a) if there
are less than three Lenders at such time, all Lenders, and (b) if there are three or more Lenders at such time, (i) at any time while no Loans or LC Exposure is outstanding, Lenders having at least
sixty-six and two-thirds percent (66-2/3%) of the Aggregate Maximum Credit Amounts; and (ii) at any time while any Loans or
LC Exposure is outstanding, Lenders having Revolving Credit Exposures and unused Commitments representing at least sixty-six and two-thirds percent (66-2/3%) of the sum of the outstanding aggregate principal amount of the Loans and participation interests in Letters of Credit (without regard to any sale by a Lender of a participation in any Loan under
Section 12.04(c)) and unused Commitments; provided that the Maximum Credit Amounts and the principal amount of the Loans and participation interests in Letters of Credit of the Defaulting Lenders (if any) shall be
excluded from the determination of Required Lenders. 

  
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 “Reserve Report” means a report, in form and substance reasonably
satisfactory to the Administrative Agent, setting forth, as of the dates set forth in Section 8.12(a) (or such other date in the event of an Interim Redetermination) the Proved Reserves attributable to the Oil and Gas
Properties of the Credit Parties, together with a projection of the rate of production and future net income, taxes, operating expenses and capital expenditures with respect thereto as of such date, based upon the pricing assumptions consistent with
SEC reporting requirements at the time and reflecting Swap Agreements in place with respect to such production. To the extent that any Oil and Gas Properties included in such report are owned by a Credit Party that is not a Qualified ECP
Counterparty, the Borrower or the Parent will identify such Credit Party and such Oil and Gas Properties to the Administrative Agent. The Initial Reserve Report is also a “Reserve Report” hereunder. 

“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK
Resolution Authority. 
 “Responsible Officer” means, as to any Person, the chief executive officer, the president,
and any Financial Officer of such Person. Unless otherwise specified, all references to a Responsible Officer herein shall mean a Responsible Officer of the Parent or the Borrower, as applicable. 

“Restricted Payment” means any return of capital, dividend or distribution (whether in cash, securities or other
Property) with respect to any Equity Interests in the Parent or any of its Restricted Subsidiaries, 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 Equity Interests in the Parent or any of its Restricted Subsidiaries. 

“Restricted Subsidiary” means any Subsidiary of the Parent that is not an Unrestricted Subsidiary including, without
limitation, at times when the Parent is not the Borrower, the Borrower. 
 “Revolving Credit Exposure” means, with
respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Loans and its LC Exposure at such time. 

“RFR Borrowing” means, as to any Borrowing, the RFR Loans comprising such Borrowing. 

“RFR Loan” means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR. 

“Riverstone” means Riverstone Investment Group LLC (the “Manager”), Riverstone Global Energy
and Power Fund VI, L.P., Riverstone Non-ECI Partners, L.P., and Riverstone Energy Limited, together with the parallel investment entities and alternative investment entities of the foregoing, and any future
investment fund or co-investment fund managed by the Manager or any of its Affiliates, and any Affiliates of one or more of the foregoing; provided that in no event will any portfolio company of any of
the foregoing be included in the definition of “Riverstone”. 

  
 39 

 “Rolling Period” means (a) for the fiscal quarters ending on,
December 31, 2022, March 31, 2023 and June 30, 2023, the period commencing on October 1, 2022 and ending on the last day of such applicable fiscal quarter and (b) for the fiscal quarter ending on September 30, 2023 and
for each fiscal quarter thereafter, the period of four (4) consecutive fiscal quarters ending on the last day of such applicable fiscal quarter. 

“S&P” means Standard & Poor’s Rating Service, a division of S&P Global, Inc., and any successor
thereto that is a nationally recognized rating agency. 
 “Sanctioned Country” means, at any time, a country, region
or territory which is the subject or target of any Sanctions (which as of the First Amendment Effective Date includes, without limitation, the so-called Donetsk People’s Republic, the so-called Luhansk People’s Republic, the Crimea Region of Ukraine, Cuba, Iran, North Korea and Syria). 

“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons
maintained by OFAC, the U.S. Department of State, or by the United Nations Security Council, the European Union or any European Union 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 owned or controlled by any such Person or Persons described in the foregoing clause (a) or clause (b). 

“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 OFAC or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European Union member state or Her Majesty’s Treasury of the
United Kingdom. 
 “Scheduled Redetermination” has the meaning assigned to such term in
Section 2.07(b). 
 “Scheduled Redetermination Date” means the Colgate Merger Effective
Date and thereafter April 1st and October 1st of each year, commencing April 1, 2023 (or such date promptly thereafter as reasonably practicable). 

“Scheduled Redetermination Effective Date” means the date on which a Borrowing Base that has been redetermined
pursuant to a Scheduled Redetermination becomes effective as provided in Section 2.07(d). 

“SEC” means the Securities and Exchange Commission or any successor Governmental Authority. 

“Secured Parties” means, collectively, the Administrative Agent, the Lenders, the Issuing Bank, the Bank Products
Providers and Secured Swap Providers, and “Secured Party” means any of them individually. 
 “Secured
Swap Agreement” means any Swap Agreement between the Borrower or any Subsidiary and any Secured Swap Provider. 

  
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 “Secured Swap Provider” means any Person (other than the Borrower or
any Subsidiary) that (a) is a Lender or an Affiliate of a Lender on the Effective Date and is a party to a Swap Agreement with the Borrower or any Restricted Subsidiary on the Effective Date, (b) hereafter enters into a Swap Agreement with
the Borrower or any Restricted Subsidiary while such Person is a Lender or an Affiliate of a Lender, (c) is a Lender or an Affiliate of a Lender at the time any such Swap Agreement is assigned or transferred to it (by novation or otherwise) by
another Secured Swap Provider, (d) any Person who was a Lender hereunder or under the Existing A&R Credit Agreement or an Affiliate of a Lender at the time when such Person entered into such Swap Agreement who is a counterparty to any such
Swap Agreement with the Borrower or any Restricted Subsidiary or (e) J. Aron & Company LLC solely with respect to the Swap Agreements entered into by Colgate and its Subsidiaries listed on Schedule 1.01(a) attached hereto. Any
Person that at any time is a Secured Swap Provider with respect to a particular Secured Swap Agreement shall not thereafter cease to be a Secured Swap Provider with respect to such Secured Swap Agreement because such Person ceases to be a Lender or
an Affiliate of a Lender, provided that (x) any such Person that ceases to be a Lender or an Affiliate of a Lender shall not be a Secured Swap Provider with respect to any Swap Agreement that it thereafter enters into while it is not a Lender
or an Affiliate of a Lender, and (y) any Person that assigns or transfers a Secured Swap Agreement as contemplated in clause (c) of this definition shall cease to be a Secured Swap Provider with respect to such Secured
Swap Agreement to the extent of such assignment or transfer. 
 “Securities Exchange Act” means the Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 
 “Security Agreement”
means a Third Amended and Restated Pledge and Security Agreement among the Credit Parties and the Administrative Agent in substantially the form of Exhibit G (or otherwise in form and substance acceptable to the
Administrative Agent) granting Liens and a security interest on the Credit Parties’ personal property constituting Collateral in favor of the Administrative Agent for the benefit of the Secured Parties to secure the Indebtedness, as the same
may be amended, modified, supplemented or restated from time to time. 
 “Security Instruments” means the Guaranty
Agreement, the Security Agreement, each of the UCC financing statements, mortgages, deeds of trust and other agreements or instruments described in Exhibit E, and any and all other UCC financing statements, guaranties,
mortgages, deeds of trust, security agreements, pledge agreements, or other agreements or instruments now or hereafter executed and delivered by the Borrower or any other Person (other than Notes, Swap Agreements with any Lenders or any Affiliate of
a Lender, or participation or similar agreements between any Lender and any participant or similar party with respect to any Indebtedness) as security for, or as a guaranty of, the payment or performance of the Indebtedness, in each case as such
agreement or instrument may be amended, modified, supplemented or restated from time to time. 
 “SOFR” means a rate
per annum equal to the secured overnight financing rate published by the SOFR Administrator on the SOFR Administrator’s Website. 

“SOFR Administrator” means the NYFRB (or a successor administrator of the secured overnight financing rate). 

  
 41 

 “SOFR Administrator’s Website” means the NYFRB’s Website,
currently at http://www.newyorkfed.org, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time. 

“SOFR Day” has the meaning assigned to such term in the definition of “Daily Simple SOFR”.

 “subsidiary” means, with respect to any Person (the “parent”) at any date, any other
Person the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other Person of
which Equity Interests representing more than fifty percent (50%) of the equity or more than fifty percent (50%) of the ordinary voting power (irrespective of whether or not at the time Equity Interests of any other class or classes of such Person
shall have or might have voting power by reason of the happening of any contingency) are, as of such date, owned, controlled or held by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.

 “Subsidiary” means any subsidiary of the Parent including, without limitation, at times when Parent is not the
Borrower, the Borrower. 
 “Supported QFC” has the meaning assigned to such term in
Section 12.22. 
 “Swap Agreement” means any agreement with respect to any swap, forward,
future or derivative transaction or similar agreement, whether exchange traded, “over-the-counter” or otherwise, involving, or settled by reference to, one or
more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any other similar derivative transaction or any combination of
these transactions (including any option to enter into any of the foregoing); provided that (a) no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers,
employees or consultants of the Parent or its Subsidiaries shall be a Swap Agreement and (b) no transaction that is intended to be physically settled (including any sale of a commodity for a deferred shipment or delivery that is intended to be
physically settled) shall be a Swap Agreement. If multiple transactions are entered into under a master agreement, each such transaction that constitutes a Swap Agreement shall be a separate Swap Agreement for the purposes of this Agreement. For the
sole purpose of Section 9.17, the term “Swap Agreement” shall be deemed to exclude all purchased put options or floors for Hydrocarbons that are not related to corresponding calls, collars or swaps and with
respect to which neither the Parent nor any Restricted Subsidiary has any payment obligation other than premiums and charges the total amount of which are fixed and known at the time such transaction is entered into. 

“Swap Indebtedness” has the meaning assigned to such term in the definition of Excluded Swap Obligation. 

  
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 “Swap Termination Value” means, in respect of any one or more Swap
Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Agreements, (a) for any date on or after the date such Swap Agreements 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 Agreements, as determined by the counterparties to such Swap Agreements. 

“Synthetic Leases” means, in respect of any Person, all leases which shall have been, or should have been, in
accordance with GAAP, treated as operating leases on the financial statements of the Person liable (whether contingently or otherwise) for the payment of rent thereunder and which were properly treated as indebtedness for borrowed money for purposes
of United States federal income taxes, if the lessee in respect thereof is obligated to either purchase for an amount in excess of, or pay upon early termination an amount in excess of, eighty percent (80%) of the residual value of the Property
subject to such operating lease upon expiration or early termination of such lease. 
 “Taxes” means any and all
present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any Governmental Authority. 

“Term Benchmark” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising
such Borrowing, are bearing interest at a rate determined by reference to the Adjusted Term SOFR. 
 “Term SOFR”
means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m. (Denver, Colorado time), two (2) U.S. Government Securities Business
Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator. 

“Term SOFR Determination Day” has the meaning assigned to such term in the definition of Term SOFR Reference Rate.

 “Term SOFR Reference Rate” means, for any day and time (such day, the “Term SOFR Determination
Day”), with respect to any Term Benchmark Borrowing denominated in dollars and for any tenor comparable to the applicable Interest Period, the rate per annum determined by the Administrative Agent as the forward-looking term rate based
on SOFR. If by 5:00 p.m. (Denver, Colorado time) on such Term SOFR Determination Day, the “Term SOFR Reference Rate” for the applicable tenor has not been published by the CME Term SOFR Administrator and a Benchmark Replacement Date with
respect to the Term SOFR has not occurred, then the Term SOFR Reference Rate for such Term SOFR Determination Day will be the Term SOFR Reference Rate as published in respect of the first preceding U.S. Government Securities Business Day for which
such Term SOFR Reference Rate was published by the CME Term SOFR Administrator, so long as such first preceding U.S. Government Securities Business Day is not more than five (5) Business Days prior to such Term SOFR Determination Day. 

“Termination Date” means the earlier of the Maturity Date and the date of termination of the Commitments. 

  
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 “Threshold Amount” means the greater of (a) $150,000,000 and
(b) (x) during a Borrowing Base Period, five percent (5%) of the Borrowing Base then in effect or (y) during an Investment Grade Period, two percent (2%) of Consolidated Net Tangible Assets as of the last day of the then most recently
ended Rolling Period for which financial statements are available. 
 “Title Coverage Requirement” means that the
Administrative Agent shall have received satisfactory title information (a) on least eighty-five percent (85%) (or such greater percentage for which the Credit Parties are required to deliver satisfactory title information pursuant to the
Permitted Junior Lien Debt Documents at such time) of the total value of the Proved Oil and Gas Properties evaluated in the most recently completed Reserve Report and (b) that otherwise covers any other Oil and Gas Properties (including, to the
extent applicable, any unproven acreage and any midstream or gathering assets) for which the Credit Parties have been required to provide title information under the Permitted Junior Lien Debt Documents at such time. 

“Total Funded Debt” means, at any date, (a) all Funded Debt of the Parent and the Consolidated Restricted
Subsidiaries on a consolidated basis minus (b) the aggregate amount of unrestricted cash and cash equivalents of the Parent and the Consolidated Restricted Subsidiaries; provided, that, if there are any Loans outstanding at such time,
the amount calculated for this clause (b) shall not exceed an aggregate amount equal to the greater of (i) $250,000,000 and (ii) (x) during a Borrowing Base Period, ten percent (10%) of the Borrowing Base then in effect or (y) during
an Investment Grade Period, four percent (4%) of Consolidated Net Tangible Assets as of the last day of the then most recently ended Rolling Period for which financial statements are available. 

“Total Net Leverage Ratio” means as of any date of determination, the ratio of (a) Total Funded Debt as of such
day to (b) EBITDAX (or, in the case of Rolling Periods ending on or prior to March 31, 2023, Annualized EBITDAX) for the Rolling Period ending on the last day of the then most recently ended Rolling Period for which financial statements
are available (which, for the avoidance of doubt, is the Rolling Period ending on such day for purposes of Section 9.01(b)). 

“Transactions” means, with respect to (a) the Borrower, the execution, delivery and performance by the Borrower
of this Agreement and each other Loan Document to which it is a party, the borrowing of Loans, the issuance of Letters of Credit hereunder, the grant of Liens by the Borrower on Mortgaged Properties pursuant to the Security Instruments, and
(b) each Guarantor, the execution, delivery and performance by such Guarantor of each Loan Document to which it is a party, the guaranteeing of the Indebtedness and the other obligations under the Guaranty Agreement by such Guarantor and such
Guarantor’s grant of Liens on Mortgaged Properties pursuant to the Security Instruments. 
 “Transfer” has the
meaning assigned to such term in Section 9.12. 
 “Type”, when used in reference to any
Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted Term SOFR, the Alternate Base Rate or the Adjusted Daily Simple SOFR (if applicable). 

“UCC” means the Uniform Commercial Code, as in effect from time to time, of the State of New York or of any other
state the laws of which are required as a result thereof to be applied in connection with the attachment, perfection or priority of, or remedies with respect to, Administrative Agent’s or any Secured Party’s Lien on any Collateral. 

  
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 “UK Financial Institution” means any BRRD Undertaking (as such term
is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any Person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United
Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility
for the resolution of any UK Financial Institution. 
 “Unadjusted Benchmark Replacement” means the applicable
Benchmark Replacement excluding the related Benchmark Replacement Adjustment. 
 “Unrestricted Subsidiary” means any
Subsidiary of the Parent designated as such on Schedule 7.14 or which the Parent or the Borrower has designated in writing to the Administrative Agent to be an Unrestricted Subsidiary pursuant to
Section 9.06; provided that in no event may the Borrower be designated as an Unrestricted Subsidiary. 

“Unrestricted Subsidiary Distribution” means any cash dividend or distribution received by the Parent or any
Restricted Subsidiary from any Unrestricted Subsidiary. 
 “USA Patriot Act” means the USA PATRIOT ACT (Title III of
Pub. L. 107-56 (signed into law October 26, 2001)), as amended from time to time, including any successor statute. 

“U.S. Government Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or
(c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. 

“U.S. Special Resolution Regimes” has the meaning assigned to such term in Section 12.22.

 “U.S. Tax Compliance Certificate” has the meaning assigned to such term in
Section 5.03(f). 
 “Weighted Average Life to Maturity” shall mean, when applied to any
Debt at any date, the number of years obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of
principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment;
by (b) the then outstanding principal amount of such Debt. 
 “Wholly-Owned Subsidiary” means any Restricted
Subsidiary of which all of the outstanding Equity Interests (other than any directors’ qualifying shares mandated by applicable law), on a fully-diluted basis, are owned by the Parent, the Borrower or one or more of the Wholly-Owned
Subsidiaries or are owned by the Parent, the Borrower and one or more of the Wholly-Owned Subsidiaries, or any combination thereof. 

  
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 “Withholding Agent” means any Credit Party or the Administrative
Agent. 
 “Write-Down and Conversion Powers” means, (a) 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, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to
cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that Person
or any other Person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that
Bail-In Legislation that are related to or ancillary to any of those powers. 

Section 1.03    Types of Loans and Borrowings. For purposes of this Agreement, Loans and Borrowings,
respectively, may be classified and referred to by Type (e.g., a “Term Benchmark Loan” or a “Term Benchmark Borrowing”). 

Section 1.04    Terms Generally; Rules of Construction. The definitions of terms herein shall apply equally to
the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” as
used in this Agreement shall be deemed to be followed by the phrase “without limitation”. The words “will” and “shall” as used in this Agreement shall be construed to have the same meaning and effect. The word
“or” is not exclusive. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as
from time to time amended, supplemented, restated or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth in the Loan Documents), (b) except as otherwise provided herein, any reference
herein to any law shall be construed as referring to such law as amended, modified, codified or reenacted, in whole or in part, and in effect from time to time, (c) any reference herein to any Person shall be construed to include such
Person’s successors and assigns (subject to the restrictions contained in the Loan Documents), (d) the words “herein”, “hereof” and “hereunder”, and words of similar import as used in this Agreement, shall be
construed to refer to this Agreement in its entirety and not to any particular provision hereof, (e) with respect to the determination of any time period, the word “from” as used in this Agreement means “from and including”
and the word “to” means “to and including” and (f) any reference herein to Articles, Sections, Annexes, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Annexes, Exhibits and Schedules to,
this Agreement. No provision of this Agreement or any other Loan Document shall be interpreted or construed against any Person solely because such Person or its legal representative drafted such provision. 

Section 1.05    Accounting Terms and Determinations; GAAP. Unless otherwise specified herein, all accounting
terms used herein shall be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all financial statements and certificates and reports as to financial matters required to be furnished to the Administrative
Agent or the Lenders hereunder shall be prepared, in accordance with GAAP, applied on a basis consistent with the 

  
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Financial Statements except for changes in which Borrower’s independent certified public accountants concur and which are disclosed to Administrative Agent on or before the next date on
which financial statements are required to be delivered to the Lenders pursuant to Section 8.01(a); provided that, unless the Borrower and the Majority Lenders shall otherwise agree in writing, no such change shall
modify or affect the manner in which compliance with the covenants contained herein is computed such that all such computations shall be conducted utilizing financial information presented consistently with prior periods. Notwithstanding anything
herein to the contrary, for the purposes of calculating any of the ratios tested under Section 9.01, and the components of each of such ratios, all Unrestricted Subsidiaries, and their subsidiaries (including their assets,
liabilities, income, losses, cash flows, and the elements thereof) shall be excluded, except for any Unrestricted Subsidiary Distributions (other than Unrestricted Subsidiary Distributions that have been used or will be used by the Parent to make
distributions under Section 9.04(a)(iv)), which shall be deemed to be income to the Parent or such Restricted Subsidiary when actually received by it. 

Section 1.06    Interest Rates; Benchmark Notifications. The interest rate a Loan denominated in dollars may
be derived from an interest rate benchmark that may be discontinued or is, or may in the future become, the subject of regulatory reform. Upon the occurrence of a Benchmark Transition Event, Section 3.03 provides a
mechanism for determining an alternative rate of interest. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission, performance or any other matter
related to any interest rate used in this Agreement, or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative,
successor or replacement reference rate will be similar to, or produce the same value or economic equivalence of, the existing interest rate being replaced or have the same volume or liquidity as did any existing interest rate prior to its
discontinuance or unavailability. The Administrative Agent and its affiliates and/or other related entities may engage in transactions that affect the calculation of any interest rate used in this Agreement or any alternative, successor or
alternative rate (including any Benchmark Replacement) and/or any relevant adjustments thereto, in each case, in a manner that may have an indirect adverse impact on the Parent or the Borrower. The Administrative Agent may select information sources
or services in its reasonable discretion to ascertain any interest rate used in this Agreement, any component thereof, or rates referenced in the definition thereof, in each case, pursuant to the terms of this Agreement, and shall have no liability
to the Parent, the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise
and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service. 

Section 1.07    Divisions. For all purposes under the Loan Documents, in connection with any division or plan
of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it
shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders
of its Equity Interests at such time. 

  
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 ARTICLE II 

THE CREDITS 

Section 2.01    Commitment. Subject to the terms and conditions set forth herein, each Lender agrees to make
Loans to the Borrower during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment or (b) the total Revolving Credit
Exposures exceeding the total Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow the Loans. 

Section 2.02    Loans and Borrowings. 

(a)    Borrowings; Several Obligations. Each Loan shall be made as part of a Borrowing consisting of Loans made by
the Lenders ratably in accordance with their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments are
several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 

(b)    Types of Loans. Subject to Section 3.03 and
Section 5.05, each Borrowing shall be comprised entirely of ABR Loans or Term Benchmark Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Loan by causing any domestic or
foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. For the avoidance of
doubt, as of the Effective Date, the Type of Borrowings available to the Borrower shall solely be comprised of either ABR Loans or Term Benchmark Loans. 

(c)    Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any
Term Benchmark Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 and not less than $500,000. At the time that each ABR Borrowing (or if then applicable, RFR Borrowing) is made, such Borrowing shall be
in an aggregate amount that is an integral multiple of $100,000 and not less than $200,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required
to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a
total of ten (10) Term Benchmark Borrowings or RFR Borrowings (if applicable) outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, a Loan if the
Interest Period requested with respect thereto would end after the Maturity Date. 
 (d)    Notes. If requested
by a Lender, the Loans made by such Lender shall be evidenced by a Note, of the Borrower in substantially the form of Exhibit A, dated, (i) in the case of any Lender party hereto as of the date of this Agreement, as of
the date of this Agreement, (ii) in the case of any Lender that becomes a party hereto pursuant to an Assignment and Assumption, as of the effective date of the Assignment and Assumption, or (iii) in the case of any Lender that becomes a
party hereto in connection with an increase in the Aggregate Elected Commitment 

  
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Amounts pursuant to Section 2.06(c), as of the effective date of such increase, in each case, payable to such Lender in a principal amount equal to its Maximum Credit
Amount, as in effect on such date, and otherwise duly completed. In the event that any Lender’s Maximum Credit Amount increases or decreases for any reason (whether pursuant to Section 2.06,
Section 12.04(b) or otherwise), the Borrower shall, upon request of such Lender, deliver or cause to be delivered, to the extent such Lender is then holding a Note, on the effective date of such increase or decrease, a new
Note, payable to such Lender in a principal amount equal to its Maximum Credit Amount after giving effect to such increase or decrease, and otherwise duly completed, whereupon such Lender will promptly return to the Borrower the Notes so replaced.
The date, amount, Type, interest rate and, if applicable, Interest Period of each Loan made by each Lender, and all payments made on account of the principal thereof, shall be recorded by such Lender on its books for its Note. Failure to make any
such recordation shall not affect any Lender’s or the Borrower’s rights or obligations in respect of such Loans or affect the validity of any transfer by any Lender of its Note. 

Section 2.03    Requests for Borrowings. To request a Borrowing, the Borrower shall notify the Administrative
Agent of such request by telephone (a) in the case of a Term Benchmark Borrowing, not later than 11:00 a.m., Denver, Colorado time, three (3) Business Days before the date of the proposed Borrowing, (b) in the case of an RFR
Borrowing, not later than 10:00 a.m., Denver, Colorado, time five (5) Business Days before the date of the proposed Borrowing or (c) in the case of an ABR Borrowing, not later than 10:00 a.m., Denver, Colorado time, on the date of the
proposed Borrowing; provided that no such notice shall be required for any deemed request of an ABR Borrowing to finance the reimbursement of an LC Disbursement as provided in Section 2.08(e). Each such telephonic
Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or facsimile or other electronic transmission to the Administrative Agent (or other communication in writing acceptable to the Administrative Agent) of a written
Borrowing Request in substantially the form of Exhibit B (or such other form as may be agreed to by the Administrative Agent and the Borrower) and signed by the Borrower. Each such telephonic and written Borrowing Request
shall specify the following information in compliance with Section 2.02: 
 (i)    the
aggregate amount of the requested Borrowing; 
 (ii)    the date of such Borrowing, which shall be a Business Day; 

(iii)    whether such Borrowing is to be an ABR Borrowing, a Term Benchmark Borrowing, or, if applicable, an RFR
Borrowing; 
 (iv)    in the case of a Term Benchmark Borrowing, the initial Interest Period to be applicable thereto,
which shall be a period contemplated by the definition of the term “Interest Period”; 
 (v)    the amount of
the then effective Borrowing Base (if such Borrowing Request is delivered during a Borrowing Base Period), the amount of the then effective Aggregate Elected Commitment Amounts, the current total Revolving Credit Exposures (without regard to the
requested Borrowing) and the pro forma total Revolving Credit Exposures (giving effect to the requested Borrowing); and 

  
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 (vi)    the location and number of the Borrower’s account to which
funds are to be disbursed, which shall comply with the requirements of Section 2.05. 
 If no election as to the Type of Borrowing
is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Term Benchmark Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one
month’s duration. Each Borrowing Request shall constitute a representation by the Borrower that the amount of the requested Borrowing shall not cause the total Revolving Credit Exposures to exceed the total Commitments (i.e., the least of
(x) the Aggregate Maximum Credit Amounts, (y) solely during a Borrowing Base Period, the then effective Borrowing Base and (z) the then effective Aggregate Elected Commitment Amounts). 

Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each
Lender of the details thereof and of the amount of such Lender’s Loans to be made as part of the requested Borrowing. 

Section 2.04    Interest Elections. 

(a)    Conversion and Continuance. Each Borrowing initially shall be of the Type specified in the applicable
Borrowing Request and, in the case of a Term Benchmark Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such
Borrowing and, in the case of a Term Benchmark Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.04. The Borrower may elect different options with respect to different portions of the
affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. 

(b)    Interest Election Requests. To make an election pursuant to this Section 2.04, the
Borrower shall notify the Administrative Agent of such election by telephone by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from
such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or facsimile to the Administrative Agent (or other communication in
writing or electronic transmission acceptable to the Administrative Agent) of a written Interest Election Request in substantially the form of Exhibit C (or such other form as may be agreed to by the Administrative Agent
and the Borrower) and signed by the Borrower. 
 (c)    Information in Interest Election Requests. Each
telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02: 

(i)    the Borrowing to which such Interest Election Request applies and, if different options are being elected with
respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to Section 2.04(c)(iii) and
Section 2.04(c)(iv) shall be specified for each resulting Borrowing); 
 (ii)    the
effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; 

  
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 (iii)    whether the resulting Borrowing is to be an ABR Borrowing, a
Term Benchmark Borrowing, or, if applicable, an RFR Borrowing; and 
 (iv)    if the resulting Borrowing is a Term
Benchmark Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 

If any such Interest Election Request requests a Term Benchmark Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have
selected an Interest Period of one month’s duration. 
 (d)    Notice to Lenders by the Administrative
Agent. Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 

(e)    Effect of Failure to Deliver Timely Interest Election Request and Events of Default on Interest Election. If
the Borrower fails to deliver a timely Interest Election Request with respect to a Term Benchmark Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such
Interest Period such Borrowing shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing, then so long as such Event of Default is continuing: (i) no outstanding
Borrowing may be converted to or continued as a Term Benchmark Borrowing (and any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Term Benchmark Borrowing shall be ineffective) and
(ii) unless repaid, each Term Benchmark Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 

Section 2.05    Funding of Borrowings. 

(a)    Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof
by wire transfer of immediately available funds by 12:00 p.m. (noon), Denver, Colorado time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make
such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent or any Lender designated by the Borrower in the applicable Borrowing
Request; provided that ABR Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.08(e) shall be remitted by the Administrative Agent to the Issuing Bank. Nothing herein shall be
deemed to obligate any Lender to obtain the funds for its 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 its Loan in any particular place or manner. 

(b)    Presumption of Funding by the Lenders. 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 2.05(a) and may, in reliance upon such assumption, make 

  
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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 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 (i) in the case of such Lender, the NYFRB Rate or (ii) in the case of the Borrower, the interest rate applicable to the Loans comprising such Borrowing that such Lender failed to fund. If
such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrower pursuant to this Section 2.05(b) 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. 

Section 2.06    Termination and Reduction of Commitments and Aggregate Maximum Credit Amounts; Increase, Reduction
and Termination of Aggregate Elected Commitment Amounts. 
 (a)    Scheduled Termination of Commitments.
Unless previously terminated, the Commitments shall terminate on the Maturity Date. If at any time the Aggregate Maximum Credit Amounts, the Borrowing Base (solely during a Borrowing Base Period) or the Aggregate Elected Commitment Amounts is
terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction. 

(b)    Optional Termination and Reduction of Aggregate Maximum Credit Amounts. 

(i)    The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amounts;
provided that (A) each reduction of the Aggregate Maximum Credit Amounts shall be in an amount that is an integral multiple of $500,000 and not less than $500,000, (B) the Borrower shall not terminate or reduce the Aggregate Maximum
Credit Amounts if, (1) after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(c), the total Revolving Credit Exposures would exceed the total Commitments or (2) the Aggregate
Maximum Credit Amount would be less than $5,000,000 (unless, with respect to this clause (2), the Aggregate Maximum Credit Amounts are reduced to $0), and (C) upon any reduction of the Aggregate Maximum Credit Amounts
that would otherwise result in the Aggregate Maximum Credit Amounts being less than the Aggregate Elected Commitment Amounts, the Aggregate Elected Commitment Amounts shall be automatically reduced (ratably among the Lenders in accordance with each
Lender’s Applicable Percentage) so that they equal the Aggregate Maximum Credit Amounts as so reduced. 

(ii)    The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Aggregate Maximum
Credit Amounts under Section 2.06(b)(i) at least three (3) Business Days prior to the effective date of such termination or reduction (or such lesser period as may be reasonably acceptable to the Administrative Agent),
specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this
Section 2.06(b)(ii) shall be irrevocable; provided that a notice of termination of the Aggregate Maximum Credit Amounts delivered by the Borrower, or a payoff letter or similar

  
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communication accepted by the Administrative Agent, may state that such notice is conditioned upon the effectiveness of other credit facilities or the closing of a specified transaction, in which
case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date of such termination or reduction) if such condition is not satisfied. Any termination or reduction of the Aggregate
Maximum Credit Amounts shall be permanent and may not be reinstated. Each reduction of the Aggregate Maximum Credit Amounts shall be made ratably among the Lenders in accordance with each Lender’s Applicable Percentage. 

(c)    Increases, Reductions and Terminations of Aggregate Elected Commitment Amounts. 

(i)    Subject to the conditions set forth in Section 2.06(c)(ii), the Borrower may increase
the Aggregate Elected Commitment Amounts then in effect by increasing the Elected Commitment of a Lender or by causing a Person that is acceptable to the Administrative Agent that at such time is not a Lender to become a Lender (any such Person that
is not at such time a Lender and becomes a Lender, an “Additional Lender”). Notwithstanding anything to the contrary contained in this Agreement, in no case shall an Additional Lender be a natural person, an Industry
Competitor, the Borrower or any Affiliate of the Borrower. 
 (ii)    Any increase in the Aggregate Elected Commitment
Amounts shall be subject to the following additional conditions: 
 (A)    such increase shall not be less than
$15,000,000 unless the Administrative Agent otherwise consents, and no such increase shall be permitted if after giving effect thereto the Aggregate Elected Commitment Amounts exceed (1) during a Borrowing Base Period, the Borrowing Base then
in effect or (2) during an Investment Grade Period, the Aggregate Maximum Credit Amounts; 
 (B)    during a
Borrowing Base Period, following any Scheduled Redetermination Date, the Borrower may not increase the Aggregate Elected Commitment Amounts more than once before the next Scheduled Redetermination Date (for the sake of clarity, all increases in the
Aggregate Elected Commitment Amount effective on a single date shall be deemed a single increase in the Aggregate Elected Commitment Amount for purposes of this Section 2.06(c)(ii)(B)); 

(C)    no Default shall have occurred and be continuing on the effective date of such increase; 

(D)    on the effective date of such increase, no Term Benchmark Borrowings shall be outstanding or if any Term Benchmark
Borrowings are outstanding, then the effective date of such increase shall be the last day of the Interest Period in respect of such Term Benchmark Borrowings unless the Borrower pays any compensation required by
Section 5.02; 
 (E)    no Lender’s Elected Commitment may be increased without the
consent of such Lender; 
 (F)    if the Borrower elects to increase the Aggregate Elected Commitment Amounts by
increasing the Elected Commitment of a Lender, the Borrower and such Lender shall execute and deliver to the Administrative Agent a certificate substantially in the form of Exhibit J (an “Elected Commitment Increase
Certificate”); and 

  
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 (G)    if the Borrower elects to increase the Aggregate Elected
Commitment Amounts by causing an Additional Lender to become a party to this Agreement, then the Borrower and such Additional Lender shall execute and deliver to the Administrative Agent a certificate substantially in the form of Exhibit K
(an “Additional Lender Certificate”), together with an Administrative Questionnaire and a processing and recordation fee of $3,500 (provided that the Administrative Agent may, in its discretion, elect to waive such
processing and recordation fee in connection with any such increase), and the Borrower shall (1) if requested by the Additional Lender, deliver a Note payable to such Additional Lender in a principal amount equal to its Maximum Credit Amount,
and otherwise duly completed and (2) pay any applicable fees as may have been agreed to between the Borrower and the Additional Lender, and, to the extent applicable and agreed to by the Borrower, the Administrative Agent. 

(iii)    Subject to acceptance and recording thereof pursuant to Section 2.06(c)(iv), from and
after the effective date specified in the Elected Commitment Increase Certificate or the Additional Lender Certificate (or if any Term Benchmark Borrowings are outstanding, then the last day of the Interest Period in respect of such Term Benchmark
Borrowings, unless the Borrower has paid any compensation required by Section 5.02): (A) the amount of the Aggregate Elected Commitment Amounts shall be increased as set forth therein, and (B) in the case of an
Additional Lender Certificate, any Additional Lender party thereto shall be a party to this Agreement and have the rights and obligations of a Lender under this Agreement and the other Loan Documents. In addition, the Lender or the Additional
Lender, as applicable, shall purchase a pro rata portion of the outstanding Loans (and participation interests in Letters of Credit) of each of the other Lenders (and such Lenders hereby agree to sell and to take all such further action to
effectuate such sale) such that each Lender (including any Additional Lender, if applicable) shall hold its Applicable Percentage of the outstanding Loans (and participation interests) after giving effect to the increase in the Aggregate Elected
Commitment Amounts (and the resulting modifications of each Lender’s Maximum Credit Amount pursuant to Section 2.06(c)(iv) or Section 2.06(c)(v)). 

(iv)    Upon its receipt of a duly completed Elected Commitment Increase Certificate or an Additional Lender Certificate,
executed by the Borrower and the Lender or by the Borrower and the Additional Lender party thereto, as applicable, the processing and recording fee referred to in Section 2.06(c)(ii), if required, the Administrative
Questionnaire referred to in Section 2.06(c)(ii) and the break-funding payments from the Borrower, if any, required by Section 5.02, if applicable, the Administrative Agent shall accept such
Elected Commitment Increase Certificate or Additional Lender Certificate and record the information contained therein in the Register required to be maintained by the Administrative Agent pursuant to Section 12.04(b)(iv).
No increase in the Aggregate Elected Commitment Amounts shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this Section 2.06(c)(iv). 

  
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 (v)    Upon any increase in the Aggregate Elected Commitment Amounts
pursuant to Section 2.06(c)(iv), (A) each Lender’s Maximum Credit Amount shall be automatically deemed amended to the extent necessary so that each such Lender’s Applicable Percentage equals the percentage of the
Aggregate Elected Commitment Amounts represented by such Lender’s Elected Commitment, in each case after giving effect to such increase, and (B) Annex I to this Agreement shall be deemed amended to reflect the Elected Commitment of
each Lender (including any Additional Lender) as thereby increased, any changes in the Lenders’ Maximum Credit Amounts pursuant to the foregoing clause (A), and any resulting changes in the Lenders’ Applicable
Percentages. 
 (vi)    The Borrower may from time to time terminate or reduce the Aggregate Elected Commitment
Amounts; provided that (A) each reduction of the Aggregate Elected Commitment Amounts shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000 and (B) the Borrower shall not reduce the Aggregate
Elected Commitment Amounts if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(c), the total Revolving Credit Exposures would exceed the Aggregate Elected Commitment Amounts as
reduced. 
 (vii)    The Borrower shall notify the Administrative Agent of any election to terminate or reduce the
Aggregate Elected Commitment Amounts under Section 2.06(c)(vi) at least three Business Days prior to the effective date of such termination or reduction (or such lesser period as may be reasonably acceptable to the
Administrative Agent), specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to
this Section 2.06(c)(vii) shall be irrevocable; provided that a notice of termination of the Aggregate Elected Commitment Amounts delivered by the Borrower may state that such notice is conditioned upon the
effectiveness of other credit facilities or the closing of a specified transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date of such termination) if
such condition is not satisfied. Any termination or reduction of the Aggregate Elected Commitment Amounts shall be permanent and may not be reinstated, except pursuant to Section 2.06(c)(i). Each reduction of the Aggregate
Elected Commitment Amounts shall be made ratably among the Lenders in accordance with each Lender’s Applicable Percentage. 

(viii)    During any Borrowing Base Period (but excluding, for the avoidance of doubt, upon the commencement of any
Investment Grade Period), upon any redetermination or other adjustment in the Borrowing Base pursuant to this Agreement that would otherwise result in the Borrowing Base becoming less than the Aggregate Elected Commitment Amounts, the Aggregate
Elected Commitment Amounts shall be automatically reduced (ratably among the Lenders in accordance with each Lender’s Applicable Percentage) so that they equal such redetermined Borrowing Base (and Annex I shall be deemed amended to
reflect such amendments to each Lender’s Elected Commitment and the Aggregate Elected Commitment Amounts). 

(ix)    Contemporaneously with any increase in the Borrowing Base pursuant to this Agreement, if (A) the Borrower
elects to increase the Aggregate Elected Commitment Amount and (B) each Lender has consented to such increase in its Elected Commitment, then the Aggregate Elected Commitment Amount shall be increased (ratably among the Lenders in accordance
with each Lender’s Applicable Percentage) by the amount requested by the Borrower without the requirement that any Lender deliver an Elected Commitment Increase 

  
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Certificate or that the Borrower pay any amounts under Section 5.02, and Annex I shall be deemed amended to reflect such amendments to each Lender’s Elected
Commitment and the Aggregate Elected Commitment Amount. The Administrative Agent shall record the information regarding such increases in the Register required to be maintained by the Administrative Agent pursuant to
Section 12.04(b)(iv). 
 (x) If, after giving effect to any reduction in the Aggregate Elected Commitment Amounts
pursuant to this Section 2.06(c), the total Revolving Credit Exposures exceeds the total Commitments, then the Borrower shall (A) prepay the Borrowings on the date of such termination or reduction in an aggregate
principal amount equal to such excess, and (B) if any excess remains after prepaying all of the Borrowings as a result of an LC Exposure, pay to the Administrative Agent on behalf of the Lenders an amount equal to such excess to be held as cash
collateral as provided in Section 2.08(j). 
 Section 2.07 Borrowing Base. 

(a) Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the
amount of the Borrowing Base shall be $1,150,000,000. Notwithstanding the foregoing, during a Borrowing Base Period, the Borrowing Base may be subject to further adjustments in between Scheduled Redeterminations from time to time pursuant to
Section 2.07(e), Section 8.13(c) or Section 9.12(e)(v). 
 (b)
Scheduled and Interim Redeterminations. During a Borrowing Base Period, the Borrowing Base shall be redetermined periodically on each Scheduled Redetermination Date in accordance with this Section 2.07 (a
“Scheduled Redetermination”), and, subject to Section 2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Bank and
the Lenders on each Scheduled Redetermination Effective Date. In addition, during a Borrowing Base Period, (i) the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Required
Lenders, by notifying the Borrower thereof, one time between any two successive Scheduled Redeterminations, each elect to cause the Borrowing Base to be redetermined between Scheduled Redeterminations in accordance with this
Section 2.07, (ii) the Borrower may elect, in addition to any such elections permitted to be made by it pursuant to the foregoing clause (i), by notifying the Administrative Agent of any Material Acquisition, to
cause the Borrowing Base to be redetermined between Scheduled Redeterminations and (iii) automatically, upon the commencement of any Borrowing Base Period after the Effective Date, the Borrowing Base shall be redetermined, (each such
redetermination described in clause (i), clause (ii) and clause (iii) being an “Interim Redetermination”), in each case, in accordance with this Section 2.07. For the
purposes of this Agreement, the determination of the Borrowing Base on the Effective Date provided for herein shall be deemed and considered to be a Scheduled Redetermination. 

  
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 (c) Scheduled and Interim Redetermination Procedure. 

(i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon receipt by the Administrative Agent
of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to Section 8.12(a) and
Section 8.12(c), and, in the case of an Interim Redetermination, pursuant to Section 8.12(b) and Section 8.12(c), and (B) such other reports, data and supplemental
information, including, without limitation, the information provided pursuant to Section 8.12(c), as may, from time to time, be reasonably requested by the Majority Lenders (the Reserve Report, such certificate and such
other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall, in good faith, propose a new Borrowing
Base (the “Proposed Borrowing Base”) based upon such information and such other information (including, without limitation, the status of title information with respect to the Oil and Gas Properties as described in the
Engineering Reports and the existence of any other Debt, the Credit Parties’ other assets, liabilities, fixed charges, cash flow, business, properties, prospects, management and ownership, hedged and unhedged exposure to price, price and
production scenarios, interest rate and operating cost changes) as the Administrative Agent deems appropriate in its sole discretion and consistent with its normal oil and gas lending criteria for revolving lines of credit at the particular time. In
no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Credit Amounts; 
 (ii) The Administrative Agent shall notify the
Borrower and the Lenders of the Proposed Borrowing Base (the “Proposed Borrowing Base Notice”) after the Administrative Agent has received complete Engineering Reports from the Borrower and has had a reasonable opportunity to
determine the Proposed Borrowing Base in accordance with Section 2.07(c)(i); and 
 (iii) Any Proposed Borrowing
Base that would increase the Borrowing Base then in effect must be approved by all of the Lenders (other than any Defaulting Lenders) as provided in this Section 2.07(c)(iii); and any Proposed Borrowing Base that would
decrease or maintain the Borrowing Base then in effect must be approved or be deemed to have been approved by the Required Lenders as provided in this Section 2.07(c)(iii). Upon receipt of the Proposed Borrowing Base
Notice, each Lender shall have fifteen (15) days to agree with the Proposed Borrowing Base or disagree with the Proposed Borrowing Base by proposing an alternate Borrowing Base. If, in the case of any Proposed Borrowing Base that would decrease
or maintain the Borrowing Base then in effect, at the end of such fifteen (15) days, any Lender has not communicated its approval or disapproval in writing to the Administrative Agent, such silence shall be deemed to be an approval of the
Proposed Borrowing Base. If, in the case of any Proposed Borrowing Base that would increase the Borrowing Base then in effect, at the end of such fifteen (15) days, any Lender has not communicated its approval or disapproval in writing to the
Administrative Agent, such silence shall be deemed to be a disapproval of the Proposed Borrowing Base. If, at the end of such 15-day period, all of the Lenders (other than any Defaulting Lenders), in the case
of a Proposed Borrowing Base that would increase the Borrowing Base then in effect, or the Required Lenders, in the case of a Proposed Borrowing Base that would decrease or maintain the Borrowing Base then in effect, have approved or, in the case of
a decrease or reaffirmation, deemed to have approved, as aforesaid, then the Proposed Borrowing Base shall, subject to Section 12.02(b)(ii), become the new Borrowing Base, effective on the date specified in
Section 2.07(d). If, however, at the end of such 15-day period, all of the Lenders (other than any Defaulting Lenders) or the Required Lenders, as applicable, have not approved or, in
the case of a decrease or reaffirmation, deemed to have approved, as aforesaid, then the Administrative Agent shall poll the Lenders to ascertain the highest Borrowing Base then acceptable to (x) in the case of

  
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a decrease or reaffirmation, a number of Lenders sufficient to constitute the Required Lenders and (y) in the case of an increase, all of the Lenders (other than any Defaulting Lenders), and
such amount shall, subject to Section 12.02(b)(ii), become the new Borrowing Base, effective on the date specified in Section 2.07(d). For purposes of any Interim Redetermination described in
clause (iii) of the definition thereof, the existing Borrowing Base that is being redetermined shall be deemed to be the Borrowing Base as in effect immediately prior to the commencement of the most recently ended Investment Grade Period. 

(d) Effectiveness of a Redetermined Borrowing Base. After a redetermined Borrowing Base is approved or is deemed to have been approved
by all of the Lenders or the Required Lenders, as applicable, pursuant to Section 2.07(c)(iii), the Administrative Agent shall notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the
“New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Issuing Bank and the Lenders: 

(i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to
be delivered by the Borrower pursuant to Section 8.12(a) and Section 8.12(c) in a timely and complete manner, then on the applicable Scheduled Redetermination Date (or, in each case, such date
promptly thereafter as reasonably practicable) following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to
Section 8.12(a) and Section 8.12(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such notice; and 

(ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such notice. 

Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Effective Date, the next Interim Redetermination Date or the next
adjustment to the Borrowing Base under Section 2.07(e), Section 8.13(c) or Section 9.12(e)(v), whichever occurs first. Notwithstanding the foregoing, no Scheduled
Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower. 

(e) Automatic Reduction of Borrowing Base – Issuance of Permitted Senior Unsecured Notes. If, at any time during a Borrowing Base
Period, any Credit Party issues Permitted Senior Unsecured Notes after the Effective Date (other than Permitted Senior Unsecured Notes that extend, refinance or replace then existing Permitted Senior Unsecured Notes, up to the sum of (i) the
principal amount of such then existing Permitted Senior Unsecured Notes that are refinanced or replaced plus (ii) an amount equal to the unpaid accrued interest and premium thereon and fees and expenses incurred in connection with such
extension, refinancing or replacement), the Borrowing Base shall automatically be decreased by an amount equal to twenty-five percent (25%) of the aggregate notional amount of such Permitted Senior Unsecured Notes issued at such time. Such decrease
in the Borrowing Base shall occur automatically upon the issuance of such Permitted Senior Unsecured Notes on the date of issuance, without any vote of Lenders or action by Administrative Agent. Upon any such reduction in the Borrowing Base, the
Administrative Agent shall promptly deliver a New Borrowing Base Notice to the Borrower and the Lenders. 

  
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 (f) Investment Grade Period. If, at any time after the Effective Date, the Borrower
commences an Investment Grade Period, then at all times during such Investment Grade Period, there shall be no Borrowing Base and the provisions of Section 2.07(a) through Section 2.07(e) shall not
apply during such Investment Grade Period. For the avoidance of doubt, upon the termination of any Investment Grade Period, a Borrowing Base Period shall automatically commence and an Interim Redetermination shall occur in accordance with the
procedures set forth in this Section 2.07. 
 Section 2.08 Letters of Credit. 

(a) General. Subject to the terms and conditions set forth herein, the Borrower may request the issuance of dollar denominated Letters
of Credit for its own account or for the account of any of its Restricted Subsidiaries, in a form reasonably acceptable to the Administrative Agent and the Issuing Bank, at any time and from time to time during the Availability Period in an amount
not to exceed (i) in the aggregate for all Letters of Credit, the LC Commitment, and (ii) for any particular Issuing Bank, such Issuing Bank’s LC Issuance Limit; provided that the Borrower may not request the issuance,
amendment, renewal or extension of Letters of Credit hereunder if a Borrowing Base Deficiency exists at such time or would exist as a result thereof (or if the total Revolving Credit Exposures exceed or would, as a result thereof, exceed the total
Commitments). In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered into by the
Borrower with, the Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 
 (b) Notice
of Issuance, Amendment, Renewal, Extension; Certain Conditions. The Existing Letters of Credit shall be deemed to have been issued hereunder as of the Effective Date. To request the issuance of a Letter of Credit (or the amendment, renewal or
extension of an outstanding Letter of Credit), the Borrower shall hand deliver or facsimile (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative
Agent (not less than five (5) Business Days in advance of the requested date of issuance, amendment, renewal or extension (or such lesser advance notice as is acceptable to both the Issuing Bank and the Administrative Agent)) a notice: 

(i) requesting the issuance of a Letter of Credit or identifying the Letter of Credit to be amended, renewed or extended; 

(ii) specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day); 

(iii) specifying the date on which such Letter of Credit is to expire (which shall comply with Section 2.08(c));

 (iv) specifying the amount of such Letter of Credit; 

(v) specifying the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or
extend such Letter of Credit; and 

  
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 (vi) specifying the amount of the then effective Borrowing Base (during a Borrowing Base
Period) and the then effective Aggregate Elected Commitment Amounts and whether a Borrowing Base Deficiency exists at such time, the current total Revolving Credit Exposures (without regard to the requested Letter of Credit or the requested
amendment, renewal or extension of an outstanding Letter of Credit) and the pro forma total Revolving Credit Exposures (giving effect to the requested Letter of Credit or the requested amendment, renewal or extension of an outstanding Letter
of Credit). 
 Each notice shall constitute a representation and warranty by the Borrower that after giving effect to the requested issuance, amendment,
renewal or extension, as applicable, (x) the LC Exposure shall not exceed the LC Commitment and (y) the total Revolving Credit Exposures shall not exceed the total Commitments (i.e., the least of (i) the Aggregate Maximum Credit
Amounts, (ii) solely during a Borrowing Base Period, the then effective Borrowing Base and (iii) the then effective Aggregate Elected Commitment Amounts). No letter of credit issued by the Issuing Bank (if the Issuing Bank is not the
Administrative Agent) shall be deemed to be a “Letter of Credit” issued under this Agreement unless the Issuing Bank has requested and received written confirmation from the Administrative Agent that the representations by Borrower
contained in the foregoing clauses (x) and (y) are true and correct. 
 If requested by the Issuing Bank, the Borrower
also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit; provided that, in the event of any conflict between such application or any Letter of Credit
Agreement and the terms of this Agreement, the terms of this Agreement shall control. 
 (c) Expiration Date. Each Letter of Credit
shall expire at or prior to the close of business on the earlier of (i) (A) in the case of Letters of Credit issued to the Texas Railroad Commission, the date that is four hundred sixty (460) days after the date of issuance of such
Letter of Credit or (B) in the case of all other Letters of Credit, the date that is one year after the date of the issuance of such Letter of Credit (or, with respect to each of the foregoing clauses (A) and
(B), in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) the date that is five (5) Business Days prior to the Maturity Date. Each Letter of Credit with a one (1) year term and
each Letter of Credit issued to the Texas Railroad Commission with a term longer than one (1) year but less than or equal to four hundred sixty (460) days may provide for the renewal thereof for additional one (1) year periods;
provided that no such period shall extend beyond the date described in clause (ii) above. 
 (d)
Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the Issuing Bank or the Lenders, the Issuing Bank hereby grants to each
Lender, and each Lender hereby acquires from the Issuing Bank, a participation in such Letter of Credit equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and
in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by the Issuing
Bank and not reimbursed by the Borrower on the date due as provided in Section 2.08(e), or of any reimbursement payment required to be refunded to the Borrower for any reason. Each Lender acknowledges and agrees that its
obligation to acquire participations pursuant to this 

  
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Section 2.08(d) in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal
or extension of any Letter of Credit or the occurrence and continuance of a Default, the existence of a Borrowing Base Deficiency or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement,
withholding or reduction whatsoever. 
 (e) Reimbursement. If the Issuing Bank shall make any LC Disbursement in respect of a Letter
of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than 11:00 a.m., Denver, Colorado time, on the date that such LC Disbursement is made, if the
Borrower shall have received notice of such LC Disbursement prior to 10:00 a.m., Denver, Colorado time, on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then not later than 11:00 a.m., Denver,
Colorado time, on (i) the Business Day that the Borrower receives such notice, if such notice is received prior to 10:00 a.m., Denver, Colorado time, on the day of receipt, or (ii) the Business Day immediately following the day that the
Borrower receives such notice, if such notice is not received prior to such time on the day of receipt; provided that unless the Borrower has notified the Administrative Agent that it intends to reimburse all or part of such LC Disbursement
without using Loan proceeds or has submitted a Borrowing Request with respect thereto, the Borrower shall, subject to the conditions to Borrowing set forth herein, be deemed to have requested, and the Borrower does hereby request under such
circumstances, that such payment be financed with an ABR Borrowing in an equivalent amount and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Borrowing. If the
Borrower fails to make such payment when due, the Administrative Agent shall notify each Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Lender’s Applicable Percentage thereof.
Promptly following receipt of such notice, each Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the Borrower, in the same manner as provided in Section 2.05 with respect
to Loans made by such Lender (and Section 2.05 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the Issuing Bank the amounts so received by
it from the Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this Section 2.08(e), the Administrative Agent shall distribute such payment to the Issuing Bank or,
to the extent that Lenders have made payments pursuant to this Section 2.08(e) to reimburse the Issuing Bank, then to such Lenders and the Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to
this Section 2.08(e) to reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR Loans as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to
reimburse such LC Disbursement. 
 (f) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided
in Section 2.08(e) shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any
lack of validity or enforceability of any Letter of Credit, any Letter of Credit Agreement or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent
or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the Issuing Bank under a Letter of Credit against presentation of a draft or other 

  
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document that does not comply with the terms of such Letter of Credit or any Letter of Credit Agreement, or (iv) any other event or circumstance whatsoever, whether or not similar to any of
the foregoing, that might, but for the provisions of this Section 2.08(f), constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder. Neither the
Administrative Agent, the Lenders nor the Issuing Bank, nor any of their Related Parties shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make
any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to
any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of the Issuing Bank; provided that the foregoing
shall not be construed to excuse the Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by
applicable law) suffered by the Borrower that are caused by the Issuing Bank’s failure to exercise due care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto
expressly agree that, in the absence of gross negligence, bad faith or willful misconduct on the part of the Issuing Bank (as finally determined by a court of competent jurisdiction), the Issuing Bank shall be deemed to have exercised all requisite
due care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms
of a Letter of Credit, the Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept
and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 
 (g)
Disbursement Procedures. The Issuing Bank for any Letter of Credit shall, within the time allowed by applicable laws or the specific terms and conditions of the Letter of Credit following its receipt thereof, examine all documents purporting
to represent a demand for payment under such Letter of Credit. Provided the drawing documents are compliant, such Issuing Bank shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for
payment if such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Bank and the Lenders
with respect to any such LC Disbursement. 
 (h) Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until
the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e)), the unpaid amount thereof shall bear interest, for each day from and including
the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall
be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the
extent of such payment. 

  
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 (i) Replacement of the Issuing Bank. The Issuing Bank may be replaced at any time by
written agreement among the Borrower, the Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of the Issuing Bank. At the time any such replacement
shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 3.05(b). From and after the effective date of any such replacement, (i) the
successor Issuing Bank shall have all the rights and obligations of the Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed
to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the replacement of the Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto
and shall continue to have all the rights and obligations of the Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit. 

(j) Cash Collateralization. If (i) any Event of Default shall occur and be continuing and the Borrower receives notice from the
Administrative Agent or the Majority Lenders demanding the deposit of cash collateral pursuant to this Section 2.08(j), or (ii) the Borrower is required to pay to the Administrative Agent the excess attributable to an
LC Exposure in connection with any prepayment pursuant to Section 3.04(c), then the Borrower shall deposit, in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the
Lenders, an amount in cash equal to (A) in the case of an Event of Default, the LC Exposure, and (B) in the case of a payment required by Section 3.04(c), the amount of such excess as provided in
Section 3.04(c), as of such date plus any accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become
immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Parent or any Restricted Subsidiary described in Section 10.01(h) or
Section 10.01(i). The Borrower hereby grants to the Administrative Agent, for the benefit of the Issuing Bank and the Lenders, an exclusive first priority and continuing perfected security interest in and Lien on such
account and all cash, checks, drafts, certificates and instruments, if any, from time to time deposited or held in such account, all deposits or wire transfers made thereto, any and all investments purchased with funds deposited in such account, all
interest, dividends, cash, instruments, financial assets and other Property from time to time received, receivable or otherwise payable in respect of, or in exchange for, any or all of the foregoing, and all proceeds, products, accessions, rents,
profits, income and benefits therefrom, and any substitutions and replacements therefor. The Borrower’s obligation to deposit amounts pursuant to this Section 2.08(j) shall be absolute and unconditional, without regard
to whether any beneficiary of any such Letter of Credit has attempted to draw down all or a portion of such amount under the terms of a Letter of Credit, and, to the fullest extent permitted by applicable law, shall not be subject to any defense or
be affected by a right of set-off, counterclaim or recoupment which the Parent or any of its Restricted Subsidiaries may now or hereafter have against any such beneficiary, the Issuing Bank, the Administrative
Agent, the Lenders or any other Person for any reason whatsoever. Such deposit shall be held as collateral securing the payment and performance of the Indebtedness. The Administrative Agent shall have exclusive dominion and control, including the
exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent (in consultation with the Borrower)
and at the Borrower’s 

  
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risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the
Administrative Agent to reimburse the Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure
at such time or, if the maturity of the Loans has been accelerated, be applied to satisfy other obligations of the Borrower and the Guarantors under this Agreement or the other Loan Documents. If the Borrower is required to provide an amount of cash
collateral hereunder as a result of the occurrence of an Event of Default, and the Borrower is not otherwise required to pay to the Administrative Agent the excess attributable to an LC Exposure in connection with any prepayment pursuant to
Section 3.04(c), then such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three (3) Business Days after all Events of Default have been cured or waived. 

(k) Designation of Additional Issuing Banks. From time to time, the Borrower may designate as additional Issuing Banks one or more
Lenders which are reasonably acceptable to the Administrative Agent that agree to serve in such capacity as provided herein. The acceptance by a Lender of any appointment as an Issuing Bank hereunder shall be evidenced by an agreement (an
“Issuing Bank Agreement”), which shall be in a form reasonably satisfactory to the Borrower and the Administrative Agent, shall set forth the LC Issuance Limit of such Lender and shall be executed by such Lender, the Borrower
and the Administrative Agent and, from and after the effective date of such Issuing Bank Agreement, (i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents,
(ii) references herein and in the other Loan Documents to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an Issuing Bank, and (iii) such Issuing Bank shall have the LC Issuance Limit set forth
in such Issuing Bank Agreement and Annex III shall be deemed to be automatically be amended to reflect such LC Issuance Limit. 
 (l)
Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law:

 (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 Section 12.02. 
 (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 X or otherwise) or
received by the Administrative Agent from a Defaulting Lender pursuant to Section 12.08 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 any Issuing Bank hereunder; third, to cash collateralize the
Issuing Banks’ Fronting Exposures with respect to such Defaulting Lender in accordance with Section 2.08(j); fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding
of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the

  
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Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with
respect to Loans under this Agreement and (y) cash collateralize the Issuing Banks’ future Fronting Exposures with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with
Section 2.08(j); sixth, to the payment of any amounts owing to the Lenders or the Issuing Banks as a result of any judgment of a court of competent jurisdiction obtained by any Lender or the Issuing Banks 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 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 (x) such payment is a payment of the principal amount of any Loans or LC Disbursements in respect of which such Defaulting Lender has not fully funded its
appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 6.02 were satisfied or waived, such payment shall be applied solely to pay
the Loans of, and LC Disbursements owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or LC Disbursements owed to, such Defaulting Lender until such
time as all Loans and funded and unfunded participations in Letters of Credit hereunder are held by the Lenders pro rata in accordance with the Commitments without giving effect to Section 2.08(l)(iii). 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 2.08(l) shall be deemed paid to
and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 
 (iii) Reallocation of Participations to Reduce
Fronting Exposure. All or any part of such Defaulting Lender’s participation in Letters of Credit hereunder shall be reallocated among the Non-Defaulting Lenders in accordance with their respective
Applicable Percentages (calculated without regard to such Defaulting Lender’s Maximum Credit Amount) but only to the extent that such reallocation does not cause the aggregate Revolving Credit Exposure of any
Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment. 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 a Non-Defaulting Lender as a result of such
Non-Defaulting Lender’s increased exposure following such reallocation. 
 (iv) Cash
Collateral. If the reallocation described in clause (iii) 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, cash collateralize the Issuing
Banks’ Fronting Exposures in accordance with the procedures set forth in Section 2.08(j). 
 (v)
Defaulting Lender Cure. If the Borrower, the Administrative Agent and each Issuing Bank 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), that Lender will, to the extent applicable, purchase at par that

  
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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 to be held pro rata by the Lenders in accordance with the Commitments (without giving effect to Section 2.08(l)(iii), 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. 

(vi) New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or
increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. 
 (vii)
Termination of a Defaulting Lender. The Borrower may terminate the unused amount of the Commitment of any Lender that is a Defaulting Lender upon not less than three (3) Business Days’ prior notice to the Administrative Agent (which
shall promptly notify the Lenders thereof), and in such event the provisions of Section 2.08(l)(ii) will apply to all amounts thereafter paid by the Borrower for the account of such Defaulting Lender under this Agreement
(whether on account of principal, interest, fees, indemnity or other amounts); provided that (i) no Event of Default shall have occurred and be continuing, and (ii) such termination shall not be deemed to be a waiver or release of
any claim the Borrower, the Administrative Agent, any Issuing Bank, or any Lender may have against such Defaulting Lender. 
 (m) Rules
of Practice. Unless otherwise expressly agreed by the Issuing Banks and the Borrower when a Letter of Credit is issued by it, (i) the rules of the International Standby Practices, ICC Publication No. 590 (as amended, supplemented,
restated, and/or republished from time to time, the “ISP”) shall apply to each standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce
Publication No. 600 (as amended, supplemented, restated, and/or republished from time to time, the “UCP”) shall apply to each commercial Letter of Credit. Notwithstanding the foregoing, the Issuing Banks shall not be
responsible to the Borrower for, and the Issuing Banks’ rights and remedies against the Borrower shall not be impaired by, any action or inaction of the Issuing Bank required or permitted under any law, order, or practice that is required or
permitted to be applied to any Letter of Credit or this Agreement, including the laws or any order of a jurisdiction where the Issuing Banks, the beneficiary, or any advising, transferring, confirming, or nominated bank or person or entity is
located, the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions, practice statements, or official commentary of the International Chamber of Commerce Banking Commission, the Bankers Association for Finance and Trade, or
the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such laws or practice rules. 

ARTICLE III 

PAYMENTS OF PRINCIPAL AND INTEREST; PREPAYMENTS; FEES 

Section 3.01 Repayment of Loans. The Borrower hereby unconditionally promises to pay in full to the Administrative Agent, for the
account of each Lender, the then unpaid principal amount of such Lender’s Loans, together with all accrued interest thereon, on the Termination Date. 

  
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 Section 3.02 Interest. 

(a) ABR Loans. The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable
Margin, but in no event to exceed the Highest Lawful Rate. 
 (b) Term Benchmark Loans; RFR Loans. The Loans comprising each Term
Benchmark Borrowing shall bear interest at the Adjusted Term SOFR for the Interest Period in effect for such Borrowing plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate. Each RFR Loan (if applicable) shall bear
interest at a rate per annum equal to Adjusted Daily Simple SOFR plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate. 

(c) Post-Default Rate. Notwithstanding the foregoing, (i) if any principal of or interest on any Loan or any fee or other amount
payable by the Borrower or any Guarantor hereunder or under any other Loan Document is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a
rate per annum equal to two percent (2%) plus the rate applicable to ABR Loans as provided in Section 3.02(a) (including the Applicable Margin but in no event to exceed the Highest Lawful Rate) and shall be payable
on demand by the Administrative Agent, (ii) if any Event of Default of the type described in Section 10.01(h), Section 10.01(i) or Section 10.01(j) occurs and is
continuing (and only for so long as it continues), then all outstanding principal, fees and other obligations under any Loan Document shall automatically bear interest at a rate per annum equal to two percent (2%) plus the rate applicable to
ABR Loans as provided in Section 3.02(a) (including the Applicable Margin but in no event to exceed the Highest Lawful Rate) and shall be payable on demand by the Administrative Agent and (iii) if any Event of Default
occurs and is continuing (and only for so long as it continues) (other than an Event of Default described in Section 10.01(a), Section 10.01(b), Section 10.01(h),
Section 10.01(i) or Section 10.01(j)), then at the election of the Majority Lenders (or the Administrative Agent at the direction of Majority Lenders) and after written notice to the Borrower, all
outstanding principal, fees and other obligations under any Loan Document shall bear interest at a rate per annum equal to two percent (2%) plus the rate applicable to ABR Loans as provided in Section 3.02(a)
(including the Applicable Margin but in no event to exceed the Highest Lawful Rate) and shall be payable on demand by the Administrative Agent. 

(d) Interest Payment Dates. Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and
on the Termination Date; provided that (i) interest accrued pursuant to Section 3.02(c) shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than an optional
prepayment of an ABR Loan prior to the Termination Date), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment, and (iii) in the event of any conversion of any Term Benchmark
Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

  
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 (e) Interest Rate Computations. Interest computed by reference to the Term SOFR or
Daily Simple SOFR hereunder shall be computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year).
Interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year). In each case, interest shall be payable for
the actual number of days elapsed (including the first day but excluding the last day). All interest hereunder on any Loan shall be computed on a daily basis based upon the outstanding principal amount of such Loan as of the applicable date of
determination. The applicable Alternate Base Rate, Adjusted Term SOFR or Adjusted Daily Simple SOFR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error, and be binding upon the parties
hereto. 
 Section 3.03 Alternate Rate of Interest. 

(a) Inability to Determine Rates. Subject to clause (b), clause (c), clause (d), clause (e) and clause
(f) of this Section 3.03, if: 
 (i) the Administrative Agent determines (which determination shall be
conclusive and binding absent manifest error) (A) prior to the commencement of any Interest Period for a Term Benchmark Borrowing, that adequate and reasonable means do not exist for ascertaining the Adjusted Term SOFR or the Term SOFR
(including, without limitation, because the Term SOFR Reference Rate is not available or published on a current basis), for such Interest Period or (B) at any time, that adequate and reasonable means do not exist for ascertaining the applicable
Adjusted Daily Simple SOFR or Daily Simple SOFR for an RFR Loan; or 
 (ii) the Administrative Agent is advised by the Majority Lenders
that (A) prior to the commencement of any Interest Period for a Term Benchmark Borrowing, the Adjusted Term SOFR for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Term
Benchmark Loans included in such Borrowing for such Interest Period or (B) at any time, Adjusted Daily Simple SOFR will not adequately and fairly reflect the cost to such Lenders of making or maintaining their RFR Loans included in such
Borrowing; 
 then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or fax as promptly as practicable
thereafter and, until (x) the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist with respect to the relevant Benchmark and (y) the Borrower delivers a new Interest
Election Request in accordance with the terms of Section 2.04 or a new Borrowing Request in accordance with the terms of Section 2.03, (A) any Interest Election Request that requests the conversion
of any Borrowing to, or continuation of any Borrowing as, a Term Benchmark Borrowing and any Borrowing Request that requests a Term Benchmark Borrowing shall instead be deemed to be an Interest Election Request or a Borrowing Request, as applicable,
for (1) an RFR Borrowing so long as Adjusted Daily Simple SOFR is not also the subject of Section 3.03(a)(i) or Section 3.03(a)(ii) above or (2) an ABR Borrowing if Adjusted Daily Simple
SOFR is also the subject of Section 3.03(a)(i) or Section 3.03(a)(ii) above and (B) any Interest Election Request that requests the conversion of any Borrowing to, or the continuation of any
Borrowing as, an RFR Borrowing and any Borrowing Request that requests an RFR Borrowing shall instead be deemed to be an Interest Election Request or a Borrowing Request, as applicable, for an ABR Borrowing. 

  
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 Furthermore, if any Term Benchmark Loan or RFR Loan is outstanding on the date of the Borrower’s
receipt of notice from the Administrative Agent referred to in this Section 3.03(a) with respect to a Relevant Rate applicable to such Term Benchmark Loan or RFR Loan, then until (x) the Administrative Agent notifies
the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist with respect to the relevant Benchmark and (y) the Borrower delivers a new Interest Election Request in accordance with the terms of
Section 2.04 or a new Borrowing Request in accordance with the terms of Section 2.03, (A) any impacted Term Benchmark Loan shall on the last day of the Interest Period applicable to such Loan (or
the next succeeding Business Day if such day is not a Business Day), be converted by the Administrative Agent to, and shall constitute, (1) an RFR Borrowing so long as Adjusted Daily Simple SOFR is not also the subject of
Section 3.03(a)(i) or Section 3.03(a)(ii) above or (2) an ABR Loan if Adjusted Daily Simple SOFR is also the subject of Section 3.03(a)(i) or
Section 3.03(a)(ii) above, on such day and (B) any impacted RFR Loan shall on and from such day be converted by the Administrative Agent to, and shall constitute, an ABR Loan. 

(b) Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark Transition
Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (i) if a Benchmark Replacement is determined in accordance with clause (a) of
the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and
subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (ii) if a Benchmark Replacement is determined in accordance with clause (b) of
the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after
5:00 p.m. (Denver, Colorado time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any
other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders. 

(c) Benchmark Replacement Conforming Changes. Notwithstanding anything to the contrary herein or in any other Loan Document, the
Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement
Conforming Changes will become effective as and when provided in the related notice from the Administrative Agent described in clause (d) below without any further action or consent of any other party to this Agreement or any other Loan
Document. 

  
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 (d) Notices, Standards for Decisions and Determinations. The Administrative Agent
will promptly notify the Borrower and the Lenders of (i) any occurrence of a Benchmark Transition Event and its related Benchmark Replacement Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any
Benchmark Replacement Conforming Changes, (iv) the removal or reinstatement of any tenor of a Benchmark pursuant to clause (e) below and (v) the commencement or conclusion of any Benchmark Unavailability Period. Any
determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 3.03, including any determination with respect to a tenor, rate
or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent
manifest error and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this
Section 3.03. 
 (e) Unavailability of Tenor of Benchmark. Notwithstanding anything to the contrary herein
or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including the Term SOFR) and either (A) any tenor for such Benchmark is
not displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or (B) the regulatory supervisor for the administrator of such Benchmark has
provided a public statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of “Interest Period” for any Benchmark
settings at or after such time to remove such unavailable or non-representative tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently
displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark
Replacement), then the Administrative Agent may modify the definition of “Interest Period” for all Benchmark settings at or after such time to reinstate such previously removed tenor. 

(f) Benchmark Unavailability Period. Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability
Period, the Borrower may revoke any request for a Term Benchmark Borrowing or RFR Borrowing of, conversion to or continuation of Term Benchmark Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that,
the Borrower will be deemed to have converted any request for a Term Benchmark Borrowing into a request for a Borrowing of or conversion to (i) an RFR Borrowing so long as Adjusted Daily Simple SOFR is not the subject of a Benchmark Transition
Event or (ii) an ABR Borrowing if Adjusted Daily Simple SOFR is the subject of a Benchmark Transition Event. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the
component of the Alternate Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the Alternate Base Rate. Furthermore, if any Term Benchmark Loan or RFR Loan is
outstanding on the date of the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period with respect to a Relevant Rate applicable to such Term Benchmark Loan or RFR Loan, then until such time as a Benchmark
Replacement is implemented pursuant to this Section 3.03, (A) any Term Benchmark Loan shall on the last day of the Interest Period applicable to such Loan (or the next succeeding Business Day if such day is not a Business
Day), be converted by the Administrative Agent to, and shall constitute, (1) an RFR Borrowing so long as Adjusted Daily Simple SOFR is not the subject of a Benchmark Transition Event or (2) an ABR Loan if Adjusted Daily Simple SOFR is the
subject of a Benchmark Transition Event, on such day and (B) any RFR Loan shall on and from such day be converted by the Administrative Agent to, and shall constitute, an ABR Loan. 

  
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 Section 3.04 Prepayments. 

(a) Optional Prepayments. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in
part, subject to prior notice in accordance with Section 3.04(b). 
 (b) Notice and Terms of Optional
Prepayment. The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile) of any prepayment hereunder (i) in the case of prepayment of (A) a Term Benchmark Borrowing, not later than 11:00 a.m., Denver,
Colorado time, three (3) Business Days before the date of prepayment or (B) an RFR Borrowing, not later than 11:00 a.m., Denver, Colorado time, five (5) Business Days before the date of prepayment, or (ii) in the case of
prepayment of an ABR Borrowing, not later than 10:00 a.m., Denver, Colorado time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to
be prepaid; provided that, if a conditional notice of prepayment is given as contemplated by Section 2.06(b), then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with
Section 2.06(b). Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an
amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing.
Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02. 
 (c) Mandatory
Prepayments. 
 (i) If, after giving effect to any termination or reduction of the Aggregate Maximum Credit Amounts pursuant to
Section 2.06, the total Revolving Credit Exposures exceeds the total Commitments, then the Borrower shall (A) prepay the Borrowings on the date of such termination or reduction in an aggregate principal amount equal to
such excess, and (B) if any excess remains after prepaying all of the Borrowings as a result of an LC Exposure, pay to the Administrative Agent on behalf of the Lenders an amount equal to such excess to be held as cash collateral as provided in
Section 2.08(j). 
 (ii) During a Borrowing Base Period, upon any redetermination of or adjustment to the amount
of the Borrowing Base in accordance with Section 2.07 (other than Section 2.07(e)) or Section 8.13(c), if there exists a Borrowing Base Deficiency, then the Borrower shall
within twenty (20) days following receipt of the New Borrowing Base Notice in accordance with Section 2.07(d) or the date the adjustment occurs (or such longer period, not to exceed thirty (30) days, acceptable to
the Administrative Agent), provide written notice (the “Election Notice”) to the Administrative Agent stating the action which the Borrower proposes to take to eliminate such Borrowing Base Deficiency, and the Borrower shall
thereafter, at its option, either: 

  
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 (A) within ten (10) days following its delivery of the Election Notice (or such longer
period, not to exceed one hundred eighty (180) days, acceptable to the Administrative Agent), by instruments reasonably satisfactory in form and substance to the Administrative Agent, provide the Administrative Agent with additional security
consisting of Oil and Gas Properties with value and quality satisfactory to the Administrative Agent and the Required Lenders in their sole discretion to eliminate such Borrowing Base Deficiency, 

(B) within ten (10) days following its delivery of the Election Notice, prepay without premium or penalty, the Borrowings in an amount
sufficient to eliminate such Borrowing Base Deficiency and, if any Borrowing Base Deficiency remains after prepaying all of the Borrowings as a result of an LC Exposure, pay to the Administrative Agent on behalf of the Lenders an amount necessary to
eliminate such remaining Borrowing Base Deficiency to be held as cash collateral as provided in Section 2.08(j), 

(C) elect to prepay (and thereafter pay), without premium or penalty, the principal amount of Loans necessary to eliminate such Borrowing
Base Deficiency in not more than six (6) equal monthly installments plus accrued interest thereon with the first such monthly payment being due within ten (10) days following its delivery of the Election Notice (and, if any
Borrowing Base Deficiency remains after prepaying all of the Borrowings as a result of an LC Exposure, pay to the Administrative Agent on behalf of the Lenders an amount necessary to eliminate such remaining Borrowing Base Deficiency to be held as
cash collateral as provided in Section 2.08(j)), or 
 (D) by any combination of prepayment and additional
security as provided in the preceding clause (A), clause (B) or clause (C), eliminate such Borrowing Base Deficiency; provided that all payments required to be made pursuant to this
Section 3.04(c)(ii) must be made on or prior to the Termination Date. 
 (iii) During a Borrowing Base Period,
upon any reduction of the Borrowing Base pursuant to Section 2.07(e) in connection with issuance of Permitted Senior Unsecured Notes or pursuant to Section 9.12(e)(v), then if there exists a
Borrowing Base Deficiency, the Borrower shall prepay the Borrowings in an amount sufficient to eliminate such Borrowing Base Deficiency and, if any Borrowing Base Deficiency remains after prepaying all of the Borrowings as a result of an LC
Exposure, pay to the Administrative Agent on behalf of the Lenders an amount necessary to eliminate such remaining Borrowing Base Deficiency to be held as cash collateral as provided in Section 2.08(j). The Borrower shall
be obligated to make such prepayment and/or deposit of cash collateral on the date of the issuance or incurrence of such Permitted Senior Unsecured Notes or, with respect to any Transfer or Swap Monetization pursuant to
Section 9.12(e)(v), on the date when it receives proceeds from such Transfer or Swap Monetization; provided that all payments required to be made pursuant to this Section 3.04(c)(iii) must
be made on or prior to the Termination Date. 

  
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 (iv) If, as of the last Business Day of any month, commencing with the Effective Date, the
Credit Parties have Excess Cash and any outstanding Loans, in each case, as of the end of such Business Day, the Borrower shall prepay Borrowings on the immediately following Business Day, which prepayment shall be in an amount equal to the amount
of such Excess Cash (or, if less, the outstanding amount of Loans at such time) as of the end of such immediately preceding Business Day. 

(v) Each prepayment of Borrowings pursuant to this Section 3.04(c) shall be applied (A) first, ratably to any
ABR Borrowings then outstanding, (B) second, to any RFR Borrowings then outstanding, and if more than one RFR Borrowing is then outstanding, to each such RFR Borrowing in order of priority beginning with the RFR Borrowing with the least number
of days remaining prior to the Interest Payment Date applicable thereto and ending with the RFR Borrowing with the most number of days remaining prior to the Interest Payment Date applicable thereto, and (C) third, to any Term Benchmark
Borrowings then outstanding, and if more than one Term Benchmark Borrowing is then outstanding, to each such Term Benchmark Borrowing in order of priority beginning with the Term Benchmark Borrowing with the least number of days remaining in the
Interest Period applicable thereto and ending with the Term Benchmark Borrowing with the most number of days remaining in the Interest Period applicable thereto. 

(vi) Each prepayment of Borrowings pursuant to this Section 3.04(c) shall be applied ratably to the Loans included
in the prepaid Borrowings. Prepayments pursuant to this Section 3.04(c) shall be accompanied by accrued interest to the extent required by Section 3.02. 

(d) No Premium or Penalty. All prepayments permitted or required under this Section 3.04 or otherwise under
the Loan Documents shall be without premium or penalty, except as required under Section 5.02. 

Section 3.05 Fees. 

(a) Commitment Fees. Subject to Section 3.05(d) below, the Borrower agrees to pay to the Administrative Agent
for the account of each Lender a commitment fee, which shall accrue at the applicable Commitment Fee Rate on the average daily amount of the unused amount of the Commitment of such Lender during the period from and including the date of this
Agreement to but excluding the Termination Date (it being understood that LC Exposure shall constitute usage of the Commitments for purposes of this Section 3.05(a)). Accrued commitment fees shall be payable in arrears on
the last day of March, June, September and December of each year and on the Termination Date, commencing on the first such date to occur after the date hereof. All commitment fees shall be computed on the basis of a year of 360 days, unless such
computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days elapsed (including the first day but
excluding the last day). 
 (b) Letter of Credit Fees. Subject to Section 3.05(d) below, the Borrower
agrees to pay (i) to the Administrative Agent for the account of each Lender a participation fee with respect to its participations in Letters of Credit, which shall accrue at the same Applicable Margin used to determine the interest rate
applicable to Term Benchmark Loans on the average daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the date of this Agreement to but
excluding the later of the date on which such Lender’s Commitment terminates and the date 

  
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on which such Lender ceases to have any LC Exposure, (ii) to the Issuing Bank, for its own account, a fronting fee, which shall accrue at the rate of 0.125% per annum on the average daily
stated amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the date of this Agreement to but excluding the later of the date of termination of the Commitments
and the date on which there ceases to be any LC Exposure, provided that in no event shall such fee be less than $500 during any quarter, and (iii) to the Issuing Bank, for its own account, its standard fees with respect to the issuance,
amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees accrued through and including the last day of March, June, September and December of each year shall be payable on the
third Business Day following such last day, commencing on the first such date to occur after the date of this Agreement; provided that all such fees shall be payable on the Termination Date and any such fees accruing after the Termination
Date shall be payable on demand. Any other fees payable to the Issuing Bank pursuant to this Section 3.05(b) shall be payable within 10 days after demand. All participation fees and fronting fees shall be computed on the
basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days
elapsed (including the first day but excluding the last day). 
 (c) Administrative Agent Fees. The Borrower agrees to pay to the
Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent in the Fee Letter. 

(d) Defaulting Lender Fees. Subject to Section 2.08(l): 

(i) No Defaulting Lender shall be entitled to receive any Defaulting Lender’s ratable share of the fees described in
Section 3.05(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). 
 (ii) Each Defaulting Lender shall be entitled to receive such Defaulting Lender’s ratable share of the fees described in
Section 3.05(b) for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided cash collateral
pursuant to Section 2.08(j). 
 (iii) With respect to any fee not required to be paid to any Defaulting Lender
pursuant to clause (i) or (ii) above, the Borrower shall (x) 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 Letters of Credit hereunder that has been reallocated to such Non-Defaulting Lender pursuant to Section 2.08(l)(iii), (y) pay to each Issuing Bank the
amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Bank’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee. 

  
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 (e) Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative
Agent, for the account of each Lender then party to this Agreement, a Borrowing Base increase fee in an amount to be set forth in a separate written agreement on the amount of any increase of the Borrowing Base above the highest previous Borrowing
Base in effect during the term of this Agreement, payable on the effective date of any such increase to the Borrowing Base. 

ARTICLE IV 

PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS 

Section 4.01 Payments Generally; Pro Rata Treatment; Sharing of Set-offs. 

(a) Payments by the Borrower. The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest,
fees or reimbursement of LC Disbursements, or of amounts payable under Section 5.01, Section 5.02, Section 5.03 or otherwise) prior to 11:00 a.m., Denver, Colorado time,
on the date when due, in immediately available funds, without defense, deduction, recoupment, set-off or counterclaim. Fees, once paid, shall be fully earned and shall not be refundable under any
circumstances, absent manifest error. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest
thereon. All such payments shall be made to the Administrative Agent at its offices specified in Section 12.01, except payments to be made directly to the Issuing Bank as expressly provided herein and except that payments
pursuant to Section 5.01, Section 5.02, Section 5.03 and Section 12.03 shall be made directly to the Persons entitled thereto. The Administrative
Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for
payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in dollars. 

(b) Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Administrative Agent
to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled
thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance
with the amounts of principal and unreimbursed LC Disbursements then due to such parties. 
 (c) Sharing of Payments by Lenders. If
any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans or participations in LC Disbursements resulting
in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and participations in LC Disbursements and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such
greater proportion shall purchase (for cash at face value) participations in the Loans and/or participations in LC Disbursements of other Lenders, as applicable, to the extent necessary so that the benefit of all such payments shall be shared by the
Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and/or participations in LC Disbursements; provided that (i) if any such participations are purchased and all or any
portion of the payment giving rise thereto is recovered, 

  
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such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this
Section 4.01(c) shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or 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 LC Disbursements to any assignee or participant, other than to the Parent or any Restricted Subsidiary or Affiliate thereof (as to which the provisions of this
Section 4.01(c) shall apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements
may exercise against the Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation.

 Section 4.02 Presumption of Payment by the Borrower. Unless the Administrative Agent shall have received notice from the
Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Bank that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such
payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Bank, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of
the Lenders or the Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date
such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the NYFRB Rate. 
 Section 4.03
Certain Deductions by the Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a), Section 2.08(d),
Section 2.08(e) or Section 4.02, or otherwise hereunder, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received
by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. If at any time prior to the acceleration or maturity of the Loans, the
Administrative Agent shall receive any payment in respect of principal of a Loan or a reimbursement of an LC Disbursement while one or more Defaulting Lenders shall be party to this Agreement, the Administrative Agent shall apply such payment first
to the Borrowing(s) for which such Defaulting Lender(s) shall have failed to fund its pro rata share until such time as such Borrowing(s) are paid in full or each Lender (including each Defaulting Lender) is owed its Applicable Percentage of the
Loans then outstanding, as applicable. After acceleration or maturity of the Loans, all principal will be paid ratably as provided in Section 10.02(c). 

Section 4.04 Disposition of Proceeds. The Security Instruments contain assignments by the Borrower and/or the Guarantors unto and
in favor of the Administrative Agent for the benefit of the Secured Parties of all of the Borrower’s or each Guarantor’s interest in and to production and all proceeds attributable thereto which may be produced from or allocated to the
Mortgaged Property. The Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Indebtedness and other obligations described therein and secured thereby. Notwithstanding the assignments
contained in such Security Instruments, unless an Event of Default has occurred and is continuing, (a) the Administrative Agent and the Lenders will neither 

  
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notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the Administrative Agent or the Lenders, but the Administrative Agent and
the Lenders will instead permit such proceeds to be paid to and used by the Parent and its Restricted Subsidiaries and (b) the Lenders hereby authorize the Administrative Agent to take such actions as may be necessary or useful to cause such
proceeds to be paid to the Parent and/or such Restricted Subsidiaries. 
 ARTICLE V 

INCREASED COSTS; BREAK FUNDING PAYMENTS; TAXES; ILLEGALITY 

Section 5.01 Increased Costs. 

(a) Changes in Law. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account
of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted Term SOFR); or 
 (ii) subject any
Lender or the Administrative Agent to any Taxes (other than (A) Indemnified Taxes, or (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 the applicable offshore market any other condition affecting this
Agreement or Loans made by such Lender; 
 and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any
Loan (or of maintaining its obligation to make any such Loan) or to reduce the amount of any sum received or receivable by such Lender or the Administrative Agent (whether of principal, interest or otherwise) with respect to any Loan, then the
Borrower will pay to such Lender or the Administrative Agent such additional amount or amounts as will compensate such Lender or the Administrative Agent for such additional costs incurred or reduction suffered. 

(b) Capital Requirements. If any Lender or the Issuing Bank determines that any Change in Law regarding capital or liquidity
requirements has or would have the effect of reducing the rate of return on such Lender’s or the Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding company, if any, as a consequence of this
Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the Issuing Bank, to a level below that which such Lender or the Issuing Bank or such Lender’s or the Issuing
Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Bank’s policies and the policies of such Lender’s or the Issuing Bank’s holding company with
respect to capital adequacy and liquidity), then from time to time upon receipt of a certificate described in subsection (c) below, the Borrower will pay to such Lender or the Issuing Bank, as the case may be, such
additional amount or amounts as will compensate such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company for any such reduction suffered. 

  
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 (c) Certificates. A certificate of a Lender or the Issuing Bank setting forth the
amount or amounts necessary to compensate such Lender or the Issuing Bank or its holding company, as the case may be, as specified in Section 5.01(a) or (b) shall be delivered to the Borrower and shall be
conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Bank, as the case may be, the amount shown as due on any such certificate within thirty (30) days after receipt thereof. 

(d) Effect of Failure or Delay in Requesting Compensation. Failure or delay on the part of any Lender or the Issuing Bank to demand
compensation pursuant to this Section 5.01 shall not constitute a waiver of such Lender’s or the Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to
compensate a Lender or the Issuing Bank pursuant to this Section 5.01 for any increased costs or reductions incurred more than two hundred seventy (270) days prior to the date that such Lender or the Issuing Bank, as
the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or the Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change
in Law giving rise to such increased costs or reductions is retroactive, then the 270-day period referred to above shall be extended to include the period of retroactive effect thereof. 

Section 5.02 Break Funding Payments. 

(a) With respect to Term Benchmark Loans, in the event of (i) the payment of any principal of any Term Benchmark Loan other than on the
last day of an Interest Period applicable thereto (including as a result of an Event of Default or an optional or mandatory prepayment of Loans), (ii) the conversion of any Term Benchmark Loan other than on the last day of the Interest Period
applicable thereto, (iii) the failure to borrow, convert, continue or prepay any Term Benchmark Loan on the date specified in any notice delivered pursuant hereto, or (iv) the assignment of any Term Benchmark Loan other than on the last
day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 5.04(b), then, in any such event, the Borrower shall compensate such Lender for the loss, cost and expense
attributable to such event. 
 (b) With respect to RFR Loans, in the event of (i) the payment of any principal of any RFR Loan other
than on the Interest Payment Date applicable thereto (including as a result of an Event of Default or an optional or mandatory prepayment of Loans), (ii) the failure to borrow or prepay any RFR Loan on the date specified in any notice delivered
pursuant hereto or (iii) the assignment of any RFR Loan other than on the Interest Payment Date applicable thereto as a result of a request by the Borrower pursuant to Section 5.05, then, in any such event, the
Borrower shall compensate such Lender for the loss, cost and expense attributable to such event. 
 A certificate of any Lender setting forth any amount or
amounts that such Lender is entitled to receive pursuant to this Section 5.02 shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on
any such certificate within thirty (30) days after receipt thereof. 

  
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 Section 5.03 Taxes. 

(a) Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower or any Guarantor under any Loan
Document shall be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if the applicable Withholding Agent shall be required to deduct any Indemnified Taxes or Other Taxes from such payments,
then (i) the sum payable shall be increased by the Borrower or any Guarantor as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this
Section 5.03(a)), the Administrative Agent, Lender or Issuing Bank (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the applicable Withholding Agent
shall make such deductions and (iii) the applicable Withholding Agent shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. 

(b) Payment of Other Taxes by the Borrower. The Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance
with applicable law. 
 (c) Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent, each Lender and
the Issuing Bank, within ten (10) days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes payable or paid by the Administrative Agent, such Lender or the Issuing Bank, as the case may be, on or with
respect to any payment by or on account of any obligation of the Borrower hereunder (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 5.03) and any
penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate of the
Administrative Agent, a Lender or the Issuing Bank as to the amount of such payment or liability under this Section 5.03 shall be delivered to the Borrower and shall be conclusive absent manifest error. 

(d) Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within thirty (30) days after
demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that Borrower has 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 12.04(c) 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 paragraph (d). 
 (e) Evidence of Payments. As soon as practicable after
any payment of Indemnified Taxes or Other Taxes by the Borrower or a Guarantor to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority
evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

  
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 (f) Status of Lenders. (i) Any Lender 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 Withholding Agent, at the time or times reasonably requested by the Withholding Agent, such properly completed and executed documentation
reasonably requested by the Withholding 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 Withholding Agent, shall deliver such other
documentation prescribed by applicable law or reasonably requested by the Withholding Agent as will enable the Withholding 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 Section 5.03(f)(ii)(A) and (ii)(B)
and Section 5.03(g) 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. 
 (i) Without limiting the generality of the foregoing, in the event
that the Borrower is a “United States person” as defined in Section 7701(a)(30) of the Code, 
 (A) any Lender that is a
“United States person” as defined in Section 7701(a)(3) of the Code shall deliver to the Withholding 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 Withholding Agent), executed copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax; 

(B) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Withholding 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 Withholding 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, executed copies of IRS Form W-8BEN (or IRS Form W-8BEN-E,
as applicable) 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, IRS Form
W-8BEN (or IRS Form W-8BEN-E, as applicable) 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) executed copies of IRS Form W-8ECI; 

  
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 (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 I-1 to the effect that such Foreign Lender is not 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 871(h)(3)(B) of the Code, or a “controlled foreign corporation” described in
Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN (or IRS Form W-8BEN-E, as applicable); or 
 (4) to the extent a Foreign Lender is not the beneficial owner,
executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN (or IRS Form
W-8BEN-E, as applicable), a U.S. Tax Compliance Certificate substantially in the form of Exhibit I-2 or
Exhibit I-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 I-4 on behalf of each such direct and indirect partner; and 

(C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Withholding 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 Withholding Agent), executed copies 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 Withholding
Agent to determine the withholding or deduction required to be made. 
 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 Withholding Agent in writing of its legal inability to do so. 

(g) FATCA. If a payment made to a Lender under this Agreement would be subject to United States federal withholding tax imposed by
FATCA if such Lender fails 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 Withholding Agent, at the time or
times prescribed by law and at such time or times reasonably requested by the Withholding Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation
reasonably requested by the Withholding Agent as may be necessary for the Withholding Agent to comply with its obligations under FATCA, 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 Section 5.03(g), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

(h) Treatment of Certain Refunds. If the Administrative Agent, a Lender or the Issuing Bank determines, in its sole discretion
exercised in good faith, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this
Section 5.03, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 5.03
with respect 

  
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to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the
Administrative Agent, such Lender or the Issuing Bank, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). The Borrower, upon the request of such indemnified
party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (h) (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 paragraph (h), in no event will the indemnified party be required to pay any amount to the Borrower pursuant to
this paragraph (h) to the extent such payment 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 with respect to such Tax had never been paid. This paragraph 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 Borrower or any other Person. 

Section 5.04 Mitigation Obligations; Replacement of Lenders. 

(a) Designation of Different Lending Office. If any Lender requests compensation under Section 5.01, or if
the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.03, then such Lender shall use reasonable efforts to designate a
different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 5.01 or Section 5.03, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost
or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

(b) Replacement of Lenders. If (i) any Lender requests compensation under Section 5.01, (ii) the
Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.03, (iii) any Lender becomes a Defaulting Lender hereunder,
(iv) Lenders holding eighty percent (80%) or more of the Commitments have provided their consent to any proposed increase in the Borrowing Base in accordance with the terms of this Agreement but any Lender has not provided such consent,
(v) any Lender has given notice that it is unable to make or maintain Term Benchmark Loans but Lenders constituting Majority Lenders have not given such notice or (vi) Lenders whose aggregate Applicable Percentages are eighty percent (80%)
or more have provided their consent to any proposed amendment or waiver of any term or provision of this Agreement or any Loan Document but any Lender has not provided such consent, 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 Section 12.04(b)), all its interests, rights and
obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that(A) if such assignee is not already a Lender, the Borrower shall
have received the prior written consent of the Administrative Agent, which consent shall not 

  
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unreasonably be withheld,(B) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements, accrued interest thereon,
accrued fees and all other amounts payable to it hereunder, 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 5.01 or payments required to be made pursuant to Section 5.03, such assignment will result in a reduction in such compensation or payments or
(D) in the case of any such assignment resulting from Section 5.04(b)(iv) or Section 5.04(b)(vi), such assignee shall have provided their consent to (x) the proposed increase in the
Borrowing Base in accordance with the terms of this Agreement or (y) the proposed amendment or waiver of such term or provision. A Lender shall not be required to make any such assignment and 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. 

Section 5.05 Illegality. Notwithstanding any other provision of this Agreement, in the event that it becomes unlawful for any
Lender or its applicable lending office to honor its obligation to make or maintain Term Benchmark Loans or RFR Loans (as applicable) either generally or having a particular Interest Period hereunder, then (a) such Lender shall promptly notify
the Borrower and the Administrative Agent thereof and such Lender’s obligation to make such Term Benchmark Loans (or, if applicable, RFR Loans) shall be suspended (the “Affected Loans”) until such time as such Lender may
again make and maintain such Term Benchmark Loans and/or RFR Loans and (b) all Affected Loans which would otherwise be made by such Lender shall be made instead as ABR Loans (and, if such Lender so requests by notice to the Borrower and the
Administrative Agent, all Affected Loans of such Lender then outstanding shall be automatically converted into ABR Loans on the date specified by such Lender in such notice) and, to the extent that Affected Loans are so made as (or converted into)
ABR Loans, all payments of principal which would otherwise be applied to such Lender’s Affected Loans shall be applied instead to its ABR Loans. 

ARTICLE VI 

CONDITIONS PRECEDENT 

Section 6.01 Effective Date. This Agreement, including the obligations of the Lenders to make Loans and of the Issuing Bank to
issue Letters of Credit (other than the Existing Letters of Credit) hereunder, shall not become effective until the date on which each of the following conditions and each of the conditions under Section 6.02 is satisfied
(or waived in accordance with Section 12.02): 
 (a) The Administrative Agent, the Arranger and the Lenders shall
have received all commitment, facility and agency fees and all other fees and amounts due and payable on or prior to the Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder (including, without limitation, the fees and expenses of Vinson & Elkins L.L.P., counsel to the Administrative
Agent, that have then been invoiced). 

  
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 (b) The Administrative Agent shall have received one or more certificates of a Responsible
Officer of the Borrower and each Guarantor setting forth (i) resolutions of its board of directors (or comparable governing body) with respect to the authorization of the Borrower or such Guarantor to execute and deliver the Loan Documents to
which it is a party and to enter into the transactions contemplated in those documents, (ii) the officers of the Borrower or such Guarantor (A) who are authorized to sign the Loan Documents to which the Borrower or such Guarantor is a
party and (B) who will, until replaced by another officer or officers duly authorized for that purpose, act as its representative for the purposes of signing documents and giving notices and other communications in connection with this
Agreement and the transactions contemplated hereby, (iii) specimen signatures of such authorized officers, and (iv) the articles or certificate of incorporation and bylaws (or comparable organizational documents for any Credit Parties that
are not corporations) of the Borrower and such Guarantor, certified as being true and complete. The Administrative Agent and the Lenders may conclusively rely on such certificates until the Administrative Agent receives notice in writing from the
Borrower to the contrary. 
 (c) The Administrative Agent shall have received certificates of the appropriate State agencies with respect to
the existence, qualification and good standing of the Borrower and each Guarantor from their respective states of formation. 
 (d) The
Administrative Agent shall have received from each party hereto counterparts (in such number as may be requested by the Administrative Agent) of this Agreement signed on behalf of such party. 

(e) The Administrative Agent shall have received duly executed Notes (or any amendment or restatement thereof, as the case may be) payable to
each Lender requesting a Note in principal amounts equal to its Maximum Credit Amount, dated as of the date hereof. 
 (f) The
Administrative Agent shall have received from each signatory thereto duly executed counterparts (in such number as may be requested by the Administrative Agent) of the Security Instruments described on Exhibit E. In
connection with the execution and delivery of the Security Instruments, the Administrative Agent shall: 
 (i) be reasonably satisfied that
the Security Instruments (A) create first priority, perfected Liens (subject, in the case of priority only, to Liens permitted under Section 9.03 and any limitations expressly set out in such Security Instruments) on
all Property purported to be pledged as collateral pursuant to the Security Instruments and not described in clause (B) below (including, without limitation, all Equity Interests owned by any Credit Party in the Restricted
Subsidiaries), and (B) create first priority, perfected Liens (subject only to, in the case of priority only, Excepted Liens) on at least ninety percent (90%) of the total value of the Proved Oil and Gas Properties evaluated in the Initial
Reserve Report; and 
 (ii) have received certificates, if any, together with undated, blank stock powers for each such certificate,
representing all of the issued and outstanding Equity Interests owned by any Credit Party in each of the other Credit Parties. 
 (g) The
Administrative Agent shall have received an opinion of Latham & Watkins LLP and local counsel in any jurisdictions reasonably requested by the Administrative Agent, in each case, in form and substance acceptable to the Administrative Agent
and its counsel. 

  
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 (h) The Administrative Agent shall have received a certificate of insurance coverage of the
Credit Parties evidencing that the Credit Parties are carrying insurance in accordance with Section 7.12. 
 (i)
The Administrative Agent shall have received title information as the Administrative Agent may reasonably require satisfactory to the Administrative Agent setting forth the status of title to at least ninety percent (90%) of the total value of the
Proved Oil and Gas Properties evaluated in the Initial Reserve Report. 
 (j) The Administrative Agent shall be reasonably satisfied with
the environmental condition of the Oil and Gas Properties of the Parent and its Restricted Subsidiaries. 
 (k) The Administrative Agent
shall have received a certificate of a Responsible Officer of the Borrower certifying that the Borrower has received all consents and approvals required by Section 7.03. 

(l) The Administrative Agent shall have received (i) the financial statements referred to in Section 7.04(a),
(ii) the Initial Reserve Report and (iii) the certificate with respect to the Initial Reserve Report covering the matters described in Section 8.12(c). 

(m) The Administrative Agent shall have received appropriate UCC search certificates and county-level real property record search results
reflecting no prior Liens encumbering the Properties of the Parent and its Restricted Subsidiaries for each jurisdiction requested by the Administrative Agent; other than those being assigned or released on or prior to the Effective Date or Liens
permitted by Section 9.03. 
 (n) The Administrative Agent shall have received (i) from the Credit Parties,
to the extent requested by the Lenders or the Administrative Agent, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including
the USA Patriot Act and (ii) to the extent the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification at least two (2) Business Days prior to the Effective
Date. 
 (o) The Administrative Agent shall have received a Borrowing Request in accordance with Section 2.03 with
respect to the rearrangement and conversion of all outstanding “Eurodollar Loans” (under and as defined in the Existing A&R Credit Agreement) existing immediately prior to the Effective Date into new Term Benchmark Loans on the
Effective Date pursuant to Section 2.02(a). 
 Without limiting the generality of the provisions of
Section 11.04, for purposes of determining compliance with the conditions specified in this Section 6.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved
or accepted or to be satisfied with, each document or other matter required under this Section 6.01 to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have
received notice from such Lender prior to the Effective Date specifying its objection thereto. All documents executed or submitted pursuant to this Section 6.01 by and on behalf of the Parent or any of its Subsidiaries
shall be in form and substance reasonably satisfactory to the Administrative Agent and its counsel. The obligations of the Lenders to make Loans and of the 

  
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Issuing Bank to issue Letters of Credit hereunder shall not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to Section 12.02)
at or prior to 2:00 p.m., Denver, Colorado time, on March 15, 2022 (and, in the event such conditions are not so satisfied or waived, the Commitments shall terminate at such time). The Administrative Agent shall notify the Borrower and the
Lenders of the Effective Date, and such notice shall be conclusive and binding. 
 Section 6.02 Each Credit Event. The
obligation of each Lender to make a Loan on the occasion of any Borrowing (including the initial funding but excluding any conversion or continuation of a Loan), and of the Issuing Bank to issue, amend, renew or extend any Letter of Credit (but
excluding any Existing Letter of Credit that is deemed to be issued pursuant to Section 2.08(b)), is subject to the satisfaction of the following conditions: 

(a) At the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of
Credit, as applicable, no Default or Borrowing Base Deficiency shall have occurred and be continuing and the total Revolving Credit Exposures shall not exceed the total Commitments. 

(b) The representations and warranties of the Borrower and the Guarantors set forth in this Agreement and in the other Loan Documents shall be
true and correct in all material respects on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable, except to the extent (i) that any such representations and
warranties are expressly limited to an earlier date, in which case, on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable, such representations and warranties shall
continue to be true and correct in all material respects as of such specified earlier date, and (ii) that any such representation and warranty is expressly qualified by materiality or by reference to Material Adverse Effect, in which case such
representation and warranty (as so qualified) shall continue to be true and correct in all respects. 
 (c) The making of such Loan or the
issuance, amendment, renewal or extension of such Letter of Credit, as applicable, would not conflict with, or cause any Lender or the Issuing Bank to violate or exceed, any applicable Governmental Requirement. 

(d) The receipt by the Administrative Agent of a Borrowing Request in accordance with Section 2.03 or a request for
a Letter of Credit (or an amendment, extension or renewal of a Letter of Credit) in accordance with Section 2.08(b), as applicable. 

(e) At the time of and immediately after giving effect to such Borrowing or to the issuance, amendment, renewal or extension of such Letter of
Credit, as applicable, no Excess Cash shall exist. 
 Each request for a Borrowing and each request for the issuance, amendment, renewal or extension of any
Letter of Credit shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in Section 6.02(a), Section 6.02(b), and
Section 6.02(e). 

  
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 ARTICLE VII 

REPRESENTATIONS AND WARRANTIES 
 The
Borrower and (to the extent that Parent is not the Borrower) the Parent jointly and severally represent and warrant to the Lenders that: 

Section 7.01 Organization; Powers. Each of the Parent and the Restricted Subsidiaries is duly organized, validly existing and in
good standing under the laws of the jurisdiction of its organization, has all requisite power and authority, and has all material governmental licenses, authorizations, consents and approvals necessary, to own its assets and to carry on its business
as now conducted, and is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required, except where failure to have such power, authority, licenses, authorizations, consents, approvals and
qualifications could not reasonably be expected to have a Material Adverse Effect. 
 Section 7.02 Authority; Enforceability.
The Transactions are within the Borrower’s and each Guarantor’s corporate, limited liability company, or partnership powers and have been duly authorized by all necessary corporate, limited liability company, or partnership action and, if
required, stockholder action (including, without limitation, any action required to be taken by any class of directors, managers or supervisors of the Borrower or any other Person, whether interested or disinterested, in order to ensure the due
authorization of the Transactions). Each Loan Document to which the Borrower and each Guarantor is a party has been duly executed and delivered by the Borrower and such Guarantor and constitutes a legal, valid and binding obligation of the Borrower
and such Guarantor, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of
equity, regardless of whether considered in a proceeding in equity or at law. 
 Section 7.03 Approvals; No Conflicts. The
Transactions (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority or any other third Person (including shareholders or any class of directors, managers or supervisors, as
applicable, whether interested or disinterested, of the Parent, the Borrower or any other Person), nor is any such consent, approval, registration, filing or other action necessary for the validity or enforceability of any Loan Document or the
consummation of the Transactions, except such as have been obtained or made and are in full force and effect other than (i) the recording and filing of the Security Instruments as required by this Agreement, and (ii) those third party
approvals or consents which, if not made or obtained, would not cause a Default hereunder, or could not reasonably be expected to have a Material Adverse Effect, (b) will not violate (i) any applicable law or regulation or any order of any
Governmental Authority which would not reasonably be expected to have a Material Adverse Effect or (ii) the limited liability company agreements, charter, bylaws or other organizational documents of the Parent or any Restricted Subsidiary,
(c) will not violate or result in a default under any indenture or other agreement pursuant to which any Material Indebtedness is outstanding or by which the Parent or any Restricted Subsidiary or any of their Properties is bound, or give rise
to a right thereunder to require any payment to be made by the Parent or such Restricted Subsidiary, and (d) will not result in the creation or imposition of any Lien on any Property of the Parent or any Restricted Subsidiary (other than the
Liens created by the Loan Documents). 

  
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 Section 7.04 Financial Condition; No Material Adverse Change. 

(a) The Borrower has heretofore furnished or caused to be furnished to the Lenders Centennial Resource Development’s
(i) audited consolidated balance sheet and statements of operations, shareholders’ equity and cash flows as of and for the fiscal year ended December 31, 2020 and (ii) unaudited consolidated balance sheets and related statements
of income and cash flows as of the end of and for the fiscal quarters ending March 31, 2021, June 30, 2021 and September 30, 2021. Such financial statements present fairly, in all material respects, the consolidated financial position
and income and cash flows of Centennial Resource Development and the Consolidated Subsidiaries, respectively, as of such dates and for such periods in accordance with GAAP, subject to the absence of footnotes in the case of the unaudited annual
financial statements of the Borrower. 
 (b) No Material Adverse Effect has occurred since December 31, 2020. 

(c) Neither the Parent nor any Restricted Subsidiary has on the date hereof, after giving effect to the Transactions, any material Debt
(including Disqualified Capital Stock), any material liabilities for past due taxes, or any material contingent liabilities, off-balance sheet liabilities or partnership liabilities that, in each case, would
be required by GAAP to be reflected or noted in audited financial statements except as referred to or reflected or provided for in the Financial Statements, in Schedule 9.02, or in other written information provided by any
Credit Party to Administrative Agent and the Lenders prior to the Effective Date. 
 Section 7.05 Litigation. Except as set
forth in Schedule 7.05, there are no actions, suits, investigations or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Parent or the Borrower, threatened against
or affecting the Parent or any Restricted Subsidiary (i) not fully covered by insurance (except for normal deductibles) as to which there is a reasonable probability of an adverse determination that, if adversely determined, could reasonably be
expected, individually or in the aggregate, to result in a Material Adverse Effect or (ii) that involve any challenge by any Credit Party to the validity or enforceability of any material provision of any Loan Document (including, without
limitation, any provision relating to the Credit Parties’ obligations to repay the Indebtedness or any provision relating to the validity or perfection of any Lien created by any Loan Document). 

Section 7.06 Environmental Matters. Except for such matters as set forth on Schedule 7.06 or that,
individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect: 
 (a) the Parent and its Restricted
Subsidiaries and each of their respective Properties and operations thereon are, and within all applicable statute of limitation periods have been, in compliance with all applicable Environmental Laws; 

  
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 (b) the Parent and its Restricted Subsidiaries have obtained all Environmental Permits
required for their respective operations and each of their Properties, with all such Environmental Permits being currently in full force and effect, and none of the Parent or its Restricted Subsidiaries has received any written notice or otherwise
has knowledge that any such existing Environmental Permit will be revoked or that any application for any new Environmental Permit or renewal of any existing Environmental Permit will be protested or denied; 

(c) there are no claims, demands, suits, orders, inquiries, or proceedings concerning any violation of, or any liability (including as a
potentially responsible party) under, any applicable Environmental Laws that is pending or, to the Parent’s or the Borrower’s knowledge, threatened against the Parent or any Restricted Subsidiary or any of their respective Properties or as
a result of any operations at such Properties; 
 (d) none of the Properties of the Parent or any Restricted Subsidiary contain or have
contained any: (i) underground storage tanks; (ii) asbestos-containing materials; (iii) landfills or dumps; (iv) hazardous waste management units as defined pursuant to RCRA or any comparable state law; or (v) sites on or
nominated for the National Priority List promulgated pursuant to CERCLA or any state remedial priority list promulgated or published pursuant to any comparable state law; 

(e) there has been no Release or, to the Parent’s or the Borrower’s knowledge, threatened Release, of Hazardous Materials at, on,
under or from the Parent’s or any Restricted Subsidiary’s Properties, there are no investigations, remediations, abatements, removals, or monitorings of Hazardous Materials required under applicable Environmental Laws at such Properties
and, to the knowledge of the Parent and the Borrower, none of such Properties are adversely affected by any Release or threatened Release of a Hazardous Material originating or emanating from any other real property; 

(f) neither the Parent nor any Restricted Subsidiary has received any written notice asserting an alleged liability or obligation under any
applicable Environmental Laws with respect to the investigation, remediation, abatement, removal, or monitoring of any Hazardous Materials at, under, or Released or threatened to be Released from any real properties offsite the Parent’s or any
Restricted Subsidiary’s Properties and, to the Parent’s and the Borrower’s knowledge, there are no conditions or circumstances that could reasonably be expected to result in the receipt of such written notice; 

(g) there has been no exposure of any Person or Property to any Hazardous Materials as a result of or in connection with the operations and
businesses of any of the Parent’s or its Restricted Subsidiaries’ Properties that could reasonably be expected to form the basis for a claim for damages or compensation; and 

(h) the Parent and its Restricted Subsidiaries have made available to the Lenders complete and correct copies of all third party environmental
site assessment reports and studies on environmental matters (including matters relating to any alleged non-compliance with or liability under Environmental Laws) reasonably requested by the Administrative
Agent that are in any of the Parent’s or the Restricted Subsidiaries’ possession or control and relating to their respective Properties or operations thereon. 

  
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 Section 7.07 Compliance with the Laws and Agreements; No Defaults or Borrowing Base
Deficiency. 
 (a) Each of the Parent and the Restricted Subsidiaries is in compliance with all Governmental Requirements applicable to
it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and
the conduct of its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

(b) No Default or Borrowing Base Deficiency has occurred and is continuing. 

Section 7.08 Investment Company Act. Neither the Parent nor any Restricted Subsidiary is an “investment company” or a
company “controlled” by an “investment company”, within the meaning of, or subject to regulation under, the Investment Company Act of 1940, as amended. 

Section 7.09 Taxes. Each of the Parent and its Restricted Subsidiaries has timely filed or caused to be filed all federal income
Tax returns and reports, and all other material Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in good faith by
appropriate proceedings and for which the Parent or such Restricted Subsidiary, as applicable, has set aside on its books adequate reserves in accordance with GAAP or (b) to the extent that the failure to do so could not reasonably be expected
to result in a Material Adverse Effect. The charges, accruals and reserves on the books of the Parent and its Restricted Subsidiaries in respect of Taxes and other governmental charges are, in the reasonable opinion of the Borrower, adequate. Other
than Tax Liens permitted by clause (a) of the definition of “Excepted Liens”, no Tax Lien has been filed and, to the knowledge of the Parent and the Borrower, no claim is being asserted with respect to any such Tax or other
such governmental charge. 
 Section 7.10 ERISA. 

(a) Except for such matters that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect: 

(i) The Parent, its Restricted Subsidiaries and each ERISA Affiliate have complied in all material respects with ERISA and, where applicable,
the Code regarding each Plan and Multiemployer Plan. 
 (ii) Each Plan is, and has been, established and maintained in substantial
compliance with its terms, ERISA and, where applicable, the Code. 
 (iii) No ERISA Event has occurred in the six-year period preceding the date hereof or is reasonably expected to occur. 
 (iv) The present value
of all accumulated benefit obligations under each Plan (based on the assumptions used for purposes of Accounting Standards Codification No. 715: Compensation-Retirement Benefits, or any applicable successor) did not, as of the date of the most
recent financial statements reflecting such amounts, exceed the fair market value of the assets of such Plan allocable to such accrued benefits. 

  
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 (v) No act, omission or transaction has occurred which could result in imposition on the
Parent, any Restricted Subsidiary or any ERISA Affiliate (whether directly or indirectly) of (A) either a civil penalty assessed pursuant to subsections (c), (i), (l) or (m) of section 502 of ERISA or a tax imposed pursuant to Chapter 43
of Subtitle D of the Code or (B) breach of fiduciary duty liability damages under section 409 of ERISA. 
 (vi) Full payment when
due has been made of all amounts which the Parent, its Restricted Subsidiaries or any ERISA Affiliate is required under the terms of each Plan, Multiemployer Plan or applicable law to have paid as contributions to such Plan or Multiemployer Plan.

 (b) None of the Parent or any of its Subsidiaries is an entity deemed to hold “plan assets” (within the meaning of the Plan
Asset Regulations). 
 (c) None of the Parent, any of its Subsidiaries nor any ERISA Affiliate sponsors, maintains, or contributes to an
employee welfare benefit plan, as defined in section 3(1) of ERISA, including any such plan maintained to provide benefits to former employees of such entities, that may not be terminated by the Parent, a Subsidiary or any ERISA Affiliate in its
sole discretion at any time without any material liability. 
 (d) None of the Parent, any of its Subsidiaries nor any ERISA Affiliate
sponsors, maintains or contributes to, or has at any time in the six-year period preceding the date hereof sponsored, maintained or contributed to, any employee pension benefit plan, as defined in section 3(2)
of ERISA, that is subject to Title IV of ERISA, section 302 of ERISA or section 412 of the Code. 
 Section 7.11 Disclosure; No
Material Misstatements. 
 (a) The certificates, financial statements, reports, and other written information, taken as a whole,
furnished by or on behalf of the Parent, the Borrower or any Guarantor to the Administrative Agent and the Lenders in connection with the negotiation of any Loan Document or included therein or delivered pursuant thereto, do not contain any material
misstatement of fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were or are made, not misleading as of the date such information is dated or certified;
provided that (i) to the extent any such certificate, statement, report, or information was based upon or constitutes a forecast or projection, the Parent and the Borrower jointly and severally represent only that it acted in good faith
and utilized reasonable assumptions at the time such information was furnished in the preparation of such certificate, statement, report, or information (it being recognized by the Lenders, however, that projections as to future events are not to be
viewed as facts and that results during the period(s) covered by such projections may differ from the projected results and that such differences may be material and that the Parent and the Borrower make no representation that such projections will
be realized), (ii) with respect to any financial statements so furnished, the Parent and the Borrower jointly and severally represent only that (except as noted otherwise therein or as otherwise customary for
non-annual financial statements) such financial statements present fairly in all material respects the financial condition and results of operations of the described Persons in accordance with GAAP
consistently applied, and (iii) as to statements, information and reports supplied by third parties, the Parent and the 

  
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Borrower jointly and severally represent only that it is not aware of any material misstatement or omission therein. There are no statements or conclusions in any Reserve Report which are based
upon or include material misleading information or fail to take into account known material information regarding the matters reported therein, it being understood that projections concerning volumes attributable to the Oil and Gas Properties of the
Parent and its Restricted Subsidiaries and production and cost estimates contained in each Reserve Report are necessarily based upon professional opinions, estimates and projections and that the Parent and its Restricted Subsidiaries do not warrant
that such opinions, estimates and projections will ultimately prove to have been accurate. 
 (b) As of the Effective Date, all of the
information included in the Beneficial Ownership Certification, if any, is true and correct. 
 Section 7.12 Insurance. The
Parent has, and has caused all of its Restricted Subsidiaries to have, (a) all insurance policies sufficient for the compliance by each of them with all material Governmental Requirements and all material agreements and (b) insurance
coverage in such amounts and against such risk that are usually insured against by companies similarly situated and engaged in the same or a similar business for the assets and operations of the Parent and its Restricted Subsidiaries. The
Administrative Agent and the Lenders have been named as additional insureds in respect of such liability insurance policies and the Administrative Agent has been named as lender loss payee with respect to Property loss insurance to the extent
required under this Agreement. 
 Section 7.13 Restriction on Liens. Neither the Parent nor any of its Restricted Subsidiaries
is a party to any material agreement or arrangement (other than agreements governing Debt permitted by Section 9.02 which create Liens permitted by Section 9.03), or subject to any order, judgment,
writ or decree, which either restricts or purports to restrict its ability to grant Liens to the Administrative Agent for the benefit of the Secured Parties on or in respect of their Properties to secure the Indebtedness and the Loan Documents, in
each case, except as permitted by Section 9.15. 
 Section 7.14 Subsidiaries. Except as set forth on
Schedule 7.14 or as disclosed in writing to the Administrative Agent (which shall promptly furnish a copy to the Lenders), which, upon such disclosure, shall be deemed to be a supplement to
Schedule 7.14, neither the Borrower nor the Parent has any Subsidiaries or has any Foreign Subsidiaries. Schedule 7.14 identifies each Subsidiary as either a Restricted Subsidiary or an
Unrestricted Subsidiary and, unless otherwise disclosed on such schedule, each Restricted Subsidiary on such schedule is a Wholly-Owned Subsidiary. The owners and percentages of ownership of Equity Interests in the Borrower as of the Colgate Merger
Effective Date are set forth on Schedule 7.14. 
 Section 7.15 Location of Business and Offices. The Borrower’s
jurisdiction of organization is the State of Delaware; the name of the Borrower as listed in the public records of its jurisdiction of organization is Centennial Resource Production, LLC; and the organizational identification number of the Borrower
in its jurisdiction of organization is 5196860 (or, in each case, as set forth in a notice delivered to the Administrative Agent pursuant to Section 8.01(m) in accordance with Section 12.01). The
Borrower’s principal place of business and chief executive offices are located at the address specified in Section 12.01 (or as set forth in a notice delivered 

  
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pursuant to Section 8.01(m) and Section 12.01(c)). Each Restricted Subsidiary of the Borrower’s jurisdiction of organization, name as
listed in the public records of its jurisdiction of organization, organizational identification number in its jurisdiction of organization, and the location of its chief executive office is stated on Schedule 7.14 (or as
set forth in a notice delivered pursuant to Section 8.01(m)). 
 Section 7.16 Properties; Titles, Etc.

 (a) Subject to Immaterial Title Deficiencies, each of the Parent and the Restricted Subsidiaries has good and defensible title to the Oil
and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its material personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.03. After
giving full effect to the Excepted Liens (including Immaterial Title Deficiencies), the Parent or the Restricted Subsidiary specified as the owner owns the net interests in production attributable to the Hydrocarbon Interests as reflected in the
most recently delivered Reserve Report, and the ownership of such Properties does not in any material respect obligate the Parent or such Restricted Subsidiary to bear the costs and expenses relating to the maintenance, development and operations of
each such Property in an amount in excess of the working interest of each Property set forth in the most recently delivered Reserve Report that is not offset by a corresponding proportionate increase in the Parent’s or such Restricted
Subsidiary’s net revenue interest in such Property or in the revenues therefrom. 
 (b) All material leases and agreements necessary
for the conduct of the business of the Parent and its Restricted Subsidiaries are valid and subsisting, in full force and effect, and there exists no default or event or circumstance which with the giving of notice or the passage of time or both
would give rise to a default under any such lease or leases, which could reasonably be expected to have a Material Adverse Effect. 
 (c)
The rights and Properties presently owned, leased or licensed by the Parent and its Restricted Subsidiaries including, without limitation, all easements and rights of way, include all rights and Properties necessary to permit the Parent and its
Restricted Subsidiaries to conduct their business in all material respects in substantially the same manner as its business has been conducted prior to the date hereof, unless the Borrower determines in good faith that the continued maintenance of
such Property is no longer economically desirable, necessary or useful to the business of the Credit Parties or such Properties are Transferred in accordance Section 9.12. 

(d) All of the Properties of the Parent and its Restricted Subsidiaries which are reasonably necessary for the operation of their businesses
are in good working condition and are maintained in accordance with prudent business standards, ordinary wear and tear excepted. 
 (e) The
Parent and each Restricted Subsidiary owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual Property material to its business (including, without limitation, all databases, geological data, geophysical
data, engineering data, seismic data, maps, interpretations and other technical information material to its business), and the use thereof by the Parent and such Restricted Subsidiary does not infringe upon the rights of any other Person, except for
any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

  
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 Section 7.17 Maintenance of Properties. Except for such acts or failures to act
as could not be reasonably expected to have a Material Adverse Effect, the Oil and Gas Properties (and Properties unitized therewith) of the Parent and its Restricted Subsidiaries have been maintained, operated and developed in a good and
workmanlike manner and in conformity with all Governmental Requirements and in conformity with the provisions of all leases, subleases or other contracts comprising a part of the Hydrocarbon Interests and other contracts and agreements forming a
part of the Oil and Gas Properties of the Parent and its Restricted Subsidiaries. Specifically in connection with the foregoing, except for those as could not be reasonably expected to have a Material Adverse Effect, (a) no Oil and Gas Property
of the Parent or any Restricted Subsidiary is subject to having allowable production reduced below the full and regular allowable production (including the maximum permissible tolerance) because of any overproduction (whether or not the same was
permissible at the time) and (b) the wells comprising a part of the Oil and Gas Properties (or Properties unitized therewith) of the Parent or any Restricted Subsidiary are producing only from the Oil and Gas Properties (or in the case of wells
located on Properties pooled or unitized therewith, such pooled or unitized Properties) of the Parent or such Restricted Subsidiary. All pipelines, wells, gas processing plants, platforms and other material improvements, fixtures and equipment owned
in whole or in part by the Parent or any of its Restricted Subsidiaries that are necessary to conduct normal operations are being maintained in a state adequate to conduct normal operations, and with respect to such of the foregoing which are
operated by the Parent or any of its Restricted Subsidiaries, in a manner consistent with the Parent’s or its Restricted Subsidiaries’ past practices (other than those the failure of which to maintain in accordance with this
Section 7.17 could not reasonably be expected to have a Material Adverse Effect). 
 Section 7.18 Gas
Imbalances, Prepayments. Except as set forth on Schedule 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take or pay or
other prepayments which would require the Parent or any of its Restricted Subsidiaries to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two
and one half percent (2.5%) of the aggregate annual production of gas from the Oil and Gas Properties of the Parent and its Restricted Subsidiaries during the most recent calendar year (on an mcf equivalent basis). 

Section 7.19 Marketing of Production. Except for contracts listed and in effect on the date hereof on
Schedule 7.19, or hereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report (with respect to all of which contracts the Borrower represents that the Parent
or its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract), no material agreements exist which are not cancelable on ninety
(90) days’ notice or less without penalty or detriment for the sale of production from the Parent’s or its Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production,
whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of longer than six (6) months. 

  
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 Section 7.20 Swap Agreements and Qualified ECP Counterparty.
Schedule 7.20, as of the date hereof, and after the date hereof, each report required to be delivered by the Borrower pursuant to Section 8.01(e), sets forth, a true and complete list of all Swap
Agreements of the Parent and each Restricted Subsidiary, the material terms thereof (including the type, effective date, termination date and notional amounts or volumes), the estimated net mark to market value thereof, as of the end of the most
recently ended fiscal quarter for which such information is available, all credit support agreements (other than the Loan Documents) relating thereto (including any margin required or supplied) and the counterparty to each such agreement. The
Borrower is a Qualified ECP Counterparty. 
 Section 7.21 Use of Loans and Letters of Credit. The proceeds of the Loans and the
Letters of Credit shall be used (a) to renew, amend, modify, and extend existing indebtedness of the Borrower under the Existing A&R Credit Agreement, (b) pay fees, commissions and expenses in connection with the foregoing,
(c) provide working capital for exploration and production operations, (d) finance acquisitions of Oil and Gas Properties permitted hereunder and (e) for general corporate purposes. The Parent and its Restricted Subsidiaries are not
engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of
the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board. The Borrower will not request any Borrowing or Letter of Credit, and the Borrower
shall not use, and shall procure that the Parent and its other Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (x) 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, (y) 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 (z) in any manner that would knowingly or negligently result in the violation of any Sanctions applicable to any party hereto. 

Section 7.22 Solvency. After giving effect to the transactions contemplated hereby (including, for the avoidance of doubt, each
Borrowing or issuance of Letter of Credit hereunder), (a) the Borrower and the Guarantors on a consolidated basis are not insolvent as such term is used and defined in the United States Bankruptcy Code and (b) the Borrower and the
Guarantors, taken as a whole, will not have (and will have no reason to believe that it will have thereafter) unreasonably small capital for the conduct of its business. 

Section 7.23 Anti-Corruption Laws and Sanctions; USA Patriot Act. The Parent and the Borrower have implemented and maintain in
effect such policies and procedures, if any, as they reasonably deem appropriate, in light of their businesses and international activities (if any), to ensure compliance by the Parent, the Borrower and its other Subsidiaries and their respective
directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and the Parent, the Borrower and its other Subsidiaries and their respective officers and employees and, to the knowledge of the Parent and the Borrower,
their respective directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of the Parent, the Borrower and its other Subsidiaries or any of their respective directors, officers or
employees, nor, to the knowledge of the Parent and the Borrower, any agent of the Parent, the Borrower or any other Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned
Person. No Borrowing or Letter of Credit, use of proceeds or other transaction contemplated by this Agreement will violate any Anti-Corruption Law, applicable Sanctions, the USA Patriot Act, or the Trading with the Enemy Act, as amended. The Parent,
the Borrower and its other Subsidiaries are in compliance in all material respects with the USA Patriot Act. 

  
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 Section 7.24 Affected Financial Institutions. No Credit Party is an Affected
Financial Institution. 
 Section 7.25 Plan Assets; Prohibited Transactions. Neither the Parent nor any of its Restricted
Subsidiaries is an entity deemed to hold “plan assets” (within the meaning of the Plan Asset Regulations), and neither the execution, delivery nor performance of the transactions contemplated under this Agreement, including the making of
any Loan or the issuance of any Letter of Credit hereunder, will give rise to a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code. 

ARTICLE VIII 

AFFIRMATIVE COVENANTS 

Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder and all
other amounts payable under the Loan Documents shall have been paid in full and all Letters of Credit shall have expired or terminated and all LC Disbursements shall have been reimbursed, each of the Borrower and (to the extent that the Parent is
not the Borrower) the Parent covenants and agrees with the Lenders that: 
 Section 8.01 Financial Statements; Other
Information. The Borrower will furnish or will cause the Parent to furnish to the Administrative Agent (which shall promptly make a copy thereof available to the Lenders): 

(a) Annual Financial Statements. As soon as available, but in any event in accordance with then applicable law and not later than the
fifth day after the date on which such financial statements are required to be filed with the SEC after giving effect to any permitted extensions pursuant to Rule 12b-25 under the Securities Exchange Act,
commencing with the fiscal year ending December 31, 2021, (i) at any time when Centennial Resource Development (A) owns more than 50% of the Equity Interests of the Borrower with ordinary voting power to elect or appoint the managers of
the Borrower and is not the Parent and (B) owns no other assets and has no other operations other than those ancillary to its ownership of such Equity Interests, (1) Centennial Resource Development’s audited consolidated balance sheet
and related statements of operations, shareholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by independent public
accountants of recognized national standing or that are otherwise reasonably acceptable to the Administrative Agent (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of
such audit other than a “going concern” or other qualification that results from (i) the Maturity Date or the maturity date of any Permitted Senior Unsecured Notes, Permitted Junior Lien Debt or any Permitted Refinancing Debt in
respect thereof being scheduled to occur within one year of the time such opinion is delivered or (ii) any actual or prospective Default resulting from a failure to comply with Section 9.01) to the effect that such
consolidated financial statements present fairly in all material respects the financial condition and results of operations of Centennial Resource 

  
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Development and its consolidated subsidiaries on a consolidated basis in accordance with GAAP consistently applied and (2) the Borrower’s unaudited consolidated balance sheet and
related statements of income and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all
material respects the financial condition and results of operations of the Borrower and its Consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to the absence of footnotes and (ii) at any
other time, as soon as available, but in any event in accordance with then applicable law and not later than one hundred twenty (120) days after the end of each fiscal year of the Parent (or, if the Parent or the Borrower is required to file
such financial statements with the SEC at such time, on or before the fifth day after the date on which such financial statements are required to be filed with the SEC after giving effect to any permitted extensions pursuant to Rule 12b-25 under the Securities Exchange Act), commencing with the fiscal year ending December 31, 2021, the Parent’s audited consolidated balance sheet and related statements of operations, shareholders’
equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by independent public accountants of recognized national standing or that are
otherwise reasonably acceptable to the Administrative Agent (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit other than a “going concern” or
other qualification that results from (i) the Maturity Date or the maturity date of any Permitted Senior Unsecured Notes, Permitted Junior Lien Debt or any Permitted Refinancing Debt in respect thereof being scheduled to occur within one year
of the time such opinion is delivered or (ii) any actual or prospective Default resulting from a failure to comply with Section 9.01) to the effect that such consolidated financial statements present fairly in all
material respects the financial condition and results of operations of the Parent and its Consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied. 

(b) Quarterly Financial Statements. As soon as available, but in any event in accordance with then applicable law and not later than
seventy-five (75) days after the end of each of the first three fiscal quarters of each fiscal year of the Parent (or, if the Parent or the Borrower is required to file such financial statements with the SEC at such time, on or before the fifth
day after the date on which such financial statements are required to be filed with the SEC after giving effect to any permitted extensions pursuant to Rule 12b-25 under the Securities Exchange Act),
commencing with the fiscal quarter ending March 31, 2022, the Parent’s consolidated balance sheet and related statements of operations and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal
year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as
presenting fairly in all material respects the financial condition and results of operations of the Parent and its Consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes; provided that, in the Parent’s sole discretion, the Parent may, but is not obligated to, deliver an unaudited consolidated balance sheet and
related statements of operations and cash flows within seventy-five (75) days following the last day of the fourth fiscal quarter of each fiscal year in accordance with the terms, provisions and requirements of this
Section 8.01(b). 

  
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 (c) Certificate of Financial Officer – Compliance. Concurrently with any
delivery of financial statements under Section 8.01(a) or Section 8.01(b), a certificate of a Financial Officer in substantially the form of Exhibit D hereto (or such
other form agreed to by the Administrative Agent and the Borrower) (i) certifying as to whether a Default then exists and, if a Default then exists, specifying the details thereof and any action taken or proposed to be taken with respect
thereto, (ii) setting forth reasonably detailed calculations demonstrating compliance with Section 9.01, and (iii) stating whether any change in GAAP or in the application thereof has occurred since the date of
the financial statements referred to in Section 7.04(a) and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate. 

(d) Certificate of Financial Officer – Consolidating Information. If, at any time, all of the Consolidated Subsidiaries of the
Parent are not Consolidated Restricted Subsidiaries, then concurrently with any delivery of financial statements under Section 8.01(a) or Section 8.01(b), a certificate of a Financial Officer
setting forth consolidating spreadsheets that show all Consolidated Unrestricted Subsidiaries and the eliminating entries, in such form as would be presentable to the auditors of the Parent. 

(e) Certificate of Financial Officer – Swap Agreements. Concurrently with the delivery of each Reserve Report hereunder (other
than the Initial Reserve Report), a certificate of a Financial Officer, in form and substance reasonably satisfactory to the Administrative Agent, setting forth as of a recent date, a true and complete list of all Swap Agreements of the Parent and
each Restricted Subsidiary, the material terms thereof (including the type, effective date, termination date and notional amounts or volumes), the estimated net
mark-to-market value therefor, as of the end of the most recently ended fiscal quarter for which such information is available, any new credit support agreements
relating thereto (other than the Loan Documents), any margin required or supplied under any credit support document (other than the Loan Documents), and the counterparty to each such agreement. 

(f) Certificate of Insurer – Insurance Coverage. Concurrently with any delivery of financial statements under
Section 8.01(a), one or more certificates of insurance coverage from the Parent’s insurance brokers or insurers with respect to the insurance required by Section 8.07, in form and substance
reasonably satisfactory to the Administrative Agent, and, if requested by the Administrative Agent, copies of the applicable policies. 

(g) SEC and Other Filings; Reports to Shareholders. Promptly after the same becomes publicly available, copies of all periodic and
other reports, proxy statements and other materials filed by the Parent or any Restricted Subsidiary with the SEC, or with any national securities exchange, or distributed by the Parent to its equity holders generally, as the case may be. 

(h) Notices Under Material Instruments. Promptly after the furnishing thereof, copies of any financial statement, report or notice
furnished to or by any Person pursuant to the terms of any preferred stock designation, indenture, loan or credit or other similar agreement with respect to Material Indebtedness, other than this Agreement and not otherwise required to be furnished
to the Lenders pursuant to any other provision of this Section 8.01. 

  
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 (i) Lists of Purchasers. Promptly following the written request of the Administrative
Agent, a list of all Persons (and their addresses for notices) purchasing Hydrocarbons from the Parent or any Restricted Subsidiary on a basis other than spot sales. 

(j) Notice of Sales of Hydrocarbon Interests. In the event the Parent or any Restricted Subsidiary intends to Transfer any Proved Oil
and Gas Properties with a total value with respect to any single sale in excess of $25,000,000, or any Equity Interests in any Subsidiary in accordance with Section 9.12, reasonable prior written notice of such Transfer,
the anticipated price thereof and the anticipated date of closing and any other details thereof requested by the Administrative Agent. 

(k) Notice of Casualty Events. Prompt written notice, and in any event within three (3) Business Days, of the occurrence of any
Casualty Event or the commencement of any action or proceeding that could reasonably be expected to result in a Casualty Event. 
 (l)
Issuance of Permitted Senior Unsecured Notes or Permitted Junior Lien Debt. In the event the Parent or the Borrower intends to issue Permitted Senior Unsecured Notes or Permitted Junior Lien Debt (or any Permitted Refinancing Debt in respect
thereof), prior written notice of such intended offering of such Permitted Senior Unsecured Notes or Permitted Junior Lien Debt (or Permitted Refinancing Debt), the anticipated amount thereof, and the anticipated date of closing and promptly when
available will furnish a copy of the preliminary offering memorandum (if any) and the final offering memorandum (if any). 
 (m)
Information Regarding Borrower and Guarantors. Prompt written notice (and in any event not less than five (5) days prior thereto (or such lesser time period as may be reasonably acceptable to the Administrative Agent) in the case of any
change of name or jurisdiction of organization) of any change (i) in the Borrower or any Guarantor’s corporate name, (ii) in the Borrower or any Guarantor’s corporate structure, (iii) in the Borrower or any Guarantor’s
jurisdiction of organization or such Person’s organizational identification number in such jurisdiction of organization, and (iv) in the Borrower or any Guarantor’s federal taxpayer identification number. 

(n) Production Report and Lease Operating Statements. Concurrently with each delivery of a certificate pursuant to
Section 8.12(c), a report setting forth, for each calendar month during the then current fiscal year to the date of such Reserve Report (to the extent production, sales, tax and expense data is then available), the volume
of production and sales attributable to production (and the prices at which such sales were made and the revenues derived from such sales) for each such calendar month from the Oil and Gas Properties, and setting forth the related ad valorem,
severance and production taxes and lease operating expenses attributable thereto and incurred for each such calendar month, and setting forth the operator of record for the Oil and Gas Properties. 

(o) Notices of Certain Changes. Promptly after the execution thereof, copies of any amendment, modification or supplement to the
certificate or articles of incorporation or formation, bylaws, certificate or articles of organization, regulations or limited liability company agreement, any preferred stock designation or any other organic document of the Parent or any Restricted
Subsidiary if such amendment, modification or supplement is material to the Lenders. 

  
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 (p) Notice of Investments in Unrestricted Subsidiaries and Unrestricted Subsidiary
Distributions. Promptly following the Parent or any Restricted Subsidiary making any Investment in an Unrestricted Subsidiary after the Effective Date, the Borrower shall deliver written notice thereof to the Administrative Agent specifying the
name of the Unrestricted Subsidiary in which such Investment was made, the date of such Investment and the amount of such Investment. Promptly following any Credit Party’s receipt of any Unrestricted Subsidiary Distribution after the Effective
Date from an Unrestricted Subsidiary in which a Credit Party has made an Investment after the Effective Date pursuant to Section 9.05(i), the Borrower shall deliver written notice thereof specifying the amount of such
Unrestricted Subsidiary Distribution, the date on which such Unrestricted Subsidiary Distribution was received, and whether or not the proceeds of such Unrestricted Subsidiary Distribution have been or will be used by the Borrower to make
distributions permitted under Section 9.04(a)(iv). 
 (q) Changes in Index Debt Ratings. During any
Investment Grade Period, promptly after any of Moody’s, S&P or Fitch shall have announced a change in the rating established or deemed to have been established for the Index Debt, written notice of such rating change. 

(r) Other Requested Information. Promptly following any reasonable request therefor, (i) such other information regarding the
operations, business affairs and financial condition of the Parent or any Restricted Subsidiary (including, without limitation, any Plan and any reports or other information filed with respect thereto under the Code or under ERISA), or compliance
with the terms of this Agreement or any other Loan Document, or in order to assist the Administrative Agent and the Lenders in maintaining compliance with the USA Patriot Act, in each case as the Administrative Agent may reasonably request; or
(ii) information and documentation reasonably requested by the Administrative Agent or any Lender for purposes of compliance with the Beneficial Ownership Regulation, if applicable, or applicable “know your customer” requirements
under the USA Patriot Act or other applicable anti-money laundering laws. 
 Documents required to be delivered pursuant to
Section 8.01(a), Section 8.01(b) or Section 8.01(g) (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 (x) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s public website; or (y) on which such documents are
posted on the Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent);
provided that: (i) the Borrower shall deliver paper copies of such documents to the Administrative Agent or any Lender upon its request to the Borrower to deliver such paper copies until a written request to cease delivering paper copies
is given by the Administrative Agent or such Lender and (ii) the Borrower shall notify the Administrative Agent and each Lender of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions
(i.e., soft copies) of such documents. The Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance
by the Borrower with any such request by a Lender for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

  
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 Section 8.02 Notices of Material Events. The Borrower will furnish to the
Administrative Agent (which shall promptly make a copy thereof available to the Lenders) prompt (and in any event within three (3) Business Days) written notice of the following: 

(a) the occurrence of any Default; 

(b) the filing or commencement of, or the threat in writing of, any action, suit, proceeding, investigation or arbitration by or before any
arbitrator or Governmental Authority against or affecting the Parent or any Restricted Subsidiary not previously disclosed in writing to the Lenders or any material adverse development in any action, suit, proceeding, investigation or arbitration
(whether or not previously disclosed to the Lenders) that, in either case, could reasonably be expected to result in a Material Adverse Effect; and 

(c) the occurrence of any condition or event that the senior executive officers of the Parent have determined to constitute a Material Adverse
Effect in their reasonable discretion. 
 Each notice delivered under this Section 8.02 shall be accompanied by a statement of a
Responsible Officer setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

Section 8.03 Existence; Conduct of Business. The Parent and the Borrower will, and will cause each other Restricted Subsidiary to,
(a) do or cause to be done all things necessary to preserve, renew and keep in full force and effect (i) its legal existence and (ii) the rights, licenses, permits, privileges and franchises material to the conduct of its business and
(b) maintain, if necessary, its qualification to do business in each other jurisdiction in which its Oil and Gas Properties are located or the ownership of its Properties requires such qualification, except where the failure to so qualify could
not reasonably be expected to have a Material Adverse Effect; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 9.11. 

Section 8.04 Payment of Obligations. The Parent and the Borrower will, and will cause each other Restricted Subsidiary to, pay its
obligations, including Tax liabilities of the Parent and all of its Restricted Subsidiaries before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate
proceedings, and the Parent or such Restricted Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP or (b) the failure to make payment could not reasonably be expected to result in a Material
Adverse Effect or result in the seizure or levy of any material Property of the Parent or any Restricted Subsidiary. 
 Section 8.05
Performance of Obligations under Loan Documents. The Borrower will pay the Loans in accordance with the terms hereof, and the Parent and the Borrower will, and will cause each other Restricted Subsidiary to, do and perform every act and
discharge all of the obligations to be performed and discharged by them under the Loan Documents, including, without limitation, this Agreement, at the time or times and in the manner specified taking into consideration any grace periods therein.

 Section 8.06 Operation and Maintenance of Properties. The Parent and the Borrower, at their own expense, will, and will cause
each other Restricted Subsidiary to: 

  
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 (a) operate its Oil and Gas Properties and other material Properties or cause such Oil and
Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental
Requirements, including, without limitation, applicable proration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and
operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to do so could not reasonably be expected to have a Material Adverse Effect; 

(b) keep and maintain all Property material to the conduct of its business in good working order and condition (ordinary wear and tear
excepted), and preserve, maintain and keep in good repair, working order and efficiency (ordinary wear and tear and depletion excepted) all of its Oil and Gas Properties except, in each case, where the failure to do so could not reasonably be
expected to have a Material Adverse Effect; 
 (c) promptly pay and discharge, or make reasonable and customary efforts to cause to be paid
and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties and will do all other things necessary to keep unimpaired their rights with
respect thereto and prevent any forfeiture thereof or default thereunder, except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect; 

(d) promptly perform or make reasonable and customary efforts to cause to be performed, in accordance with customary industry standards, the
obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material Properties, except in each
case where the failure to do so could not reasonably be expected to result in a Material Adverse Effect; and 
 (e) to the extent a Credit
Party is not the operator of any Property, the Parent and the Borrower shall (or shall cause the applicable Restricted Subsidiary to) use reasonable efforts to cause the operator to comply with this Section 8.06, but the
failure of the operator so to comply will not constitute a Default or Event of Default. 
 Section 8.07 Insurance. The Parent
and the Borrower will, and will cause each other Restricted Subsidiary to, maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the
same or similar businesses operating in the same or similar locations. The Administrative Agent on behalf of itself and each of the Lenders shall be named as “additional insured” in respect of such liability insurance policies, and, during
a Borrowing Base Period, the Administrative Agent shall be named as a “lender loss payee” with respect to property loss insurance for collateral subject to the Security Instruments and such policies shall provide that the Administrative
Agent shall receive not less than thirty (30) days’ prior notice of cancellation or non-renewal (or, if less, the maximum advance notice that the applicable carrier will agree to provide). Each time
a Borrowing Base Period commences after the Effective Date, Parent and the Borrower will, and will cause each other Restricted Subsidiary, to comply with the requirements of this Section 8.07 that apply during a Borrowing
Base Period within 90 days (or such longer time as the Administrative Agent may agree in its sole discretion) following the commencement of such Borrowing Base Period. 

  
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 Section 8.08 Books and Records; Inspection Rights. The Parent and the Borrower
will, and will cause each other Restricted Subsidiary to, keep proper books of record and account in which full, true and correct entries in conformance with GAAP are made of all dealings and transactions in relation to its business and activities.
The Parent and the Borrower will, and will cause each other Restricted Subsidiary to, permit any representatives designated by the Administrative Agent, upon reasonable prior notice, to visit and inspect its Properties, to examine and make extracts
from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants (so long as a member of the Borrower’s senior management team is present during all such discussions), all at such
reasonable times and as often as reasonably requested, provided that so long as no Event of Default has occurred and is continuing, such visits and inspections shall not occur more than once in any 12-month
period. 
 Section 8.09 Compliance with Laws. The Parent and the Borrower will, and will cause each other Restricted Subsidiary
to, comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its Property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect. The Parent and the Borrower will maintain in effect and enforce such policies and procedures, if any, as they reasonably deem appropriate, in light of their businesses and international activities (if any), to ensure compliance by
the Parent, the Borrower, the Parent’s other Subsidiaries and each of their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. 

Section 8.10 Environmental Matters. 

(a) The Parent and the Borrower shall at their sole expense: (i) comply, and cause their Properties and operations and each other
Restricted Subsidiary and each other Restricted Subsidiary’s Properties and operations to comply, with all applicable Environmental Laws, to the extent the breach thereof could be reasonably expected to have a Material Adverse Effect;
(ii) not Release or threaten to Release, and cause each Restricted Subsidiary not to Release or threaten to Release, any Hazardous Material on, under, about or from any of the Parent’s or its Restricted Subsidiaries’ Properties or any
other property offsite the Property to the extent caused by the Parent’s or any of its Restricted Subsidiaries’ operations except in compliance with applicable Environmental Laws, to the extent such Release or threatened Release could
reasonably be expected to have a Material Adverse Effect; (iii) timely obtain or file, and cause each other Restricted Subsidiary to timely obtain or file, all Environmental Permits, if any, required under applicable Environmental Laws to be
obtained or filed in connection with the operation or use of the Parent’s or its Restricted Subsidiaries’ Properties, to the extent such failure to obtain or file could reasonably be expected to have a Material Adverse Effect;
(iv) promptly commence and diligently prosecute to completion, and cause each other Restricted Subsidiary to promptly commence and diligently prosecute to completion, any assessment, evaluation, investigation, monitoring, containment, cleanup,
removal, repair, restoration, remediation or other remedial obligations (collectively, the “Remedial Work”) to the extent any Remedial Work is required or reasonably necessary under applicable Environmental Laws because of or
in connection with the actual or suspected past, present or future Release or threatened Release of any Hazardous Material 

  
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on, under, about or from any of the Parent’s or its Restricted Subsidiaries’ Properties, to the extent failure to do so could reasonably be expected to have a Material Adverse Effect;
(v) conduct, and cause each other Restricted Subsidiaries to conduct, their respective operations and businesses in a manner that will not expose any Property or Person to Hazardous Materials that could reasonably be expected to cause the
Parent or its Restricted Subsidiaries to owe damages or compensation that could reasonably be expected to cause a Material Adverse Effect; and (vi) establish and implement, and shall cause each other Restricted Subsidiary to establish and
implement, such procedures as may be necessary to continuously determine and assure that the Parent’s and its Restricted Subsidiaries’ obligations under this Section 8.10(a) are timely and fully satisfied, to the
extent failure to do so could reasonably be expected to have a Material Adverse Effect. 
 (b) If the Parent or any Restricted Subsidiary
receives written notice of any action, investigation or inquiry by any Governmental Authority or any threatened demand or lawsuit by any Person against the Parent or its Restricted Subsidiaries or their Properties, in each case in connection with
any Environmental Laws, the Borrower will within fifteen (15) days after any Responsible Officer learns thereof give written notice of the same to the Administrative Agent if the Parent or the Borrower could reasonably anticipate that such
action will result in liability (whether individually or in the aggregate) in excess of the Threshold Amount, not fully covered by insurance, subject to normal deductibles. 

(c) In connection with any acquisition by any Credit Party of any Oil and Gas Property, other than an acquisition of additional interests in
Oil and Gas Properties in which such Credit Party previously held an interest, to the extent any Credit Party obtains or is provided with same, the Borrower will, and will cause each other Credit Party to, promptly following any Credit Party’s
obtaining or being provided with the same, deliver to the Administrative Agent such final and non-privileged material environmental reports of such Oil and Gas Properties as are reasonably requested by the
Administrative Agent, the delivery of which will not violate any applicable confidentiality agreement entered into in good faith with an unaffiliated third party. 

Section 8.11 Further Assurances. 

(a) The Parent and the Borrower at their sole expense will, and will cause each other Restricted Subsidiary to, promptly execute and deliver
to the Administrative Agent all such other documents, agreements and instruments reasonably requested by the Administrative Agent to comply with, cure any defects or accomplish the conditions precedent, covenants and agreements of the Parent or any
Restricted Subsidiary, as the case may be, in the Loan Documents, including the Notes, or, during a Borrowing Base Period, to further evidence and more fully describe the collateral intended as security for the Indebtedness, or to correct any
omissions in this Agreement or the Security Instruments, or to state more fully the obligations secured therein, or, during any Borrowing Base Period, to perfect, protect or preserve any Liens created pursuant to this Agreement or any of the
Security Instruments or the priority thereof, or to make any recordings, file any notices or obtain any consents, all as may be reasonably necessary or appropriate in connection therewith. 

  
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 (b) The Parent and the Borrower hereby authorize the Administrative Agent to file, at any
time during a Borrowing Base Period, one or more financing or continuation statements, and amendments thereto, relative to all or any part of the Mortgaged Property and other collateral under the Security Instruments without the signature of the
Parent, the Borrower or any other Guarantor where permitted by law. A carbon, photographic or other reproduction of the Security Instruments or any financing statement covering such Mortgaged Property, collateral or any part thereof shall be
sufficient as a financing statement where permitted by law. The Parent and the Borrower acknowledge and agree that any such financing statement may describe the collateral as “all assets” or “all personal property” of the
applicable Credit Party or words of similar effect as may be required by the Administrative Agent. 
 Section 8.12 Reserve
Reports. 
 (a) On or before March 1st and September 1st of each year, commencing March 1, 2023, the Borrower shall furnish to the
Administrative Agent and the Lenders a Reserve Report evaluating the Oil and Gas Properties of the Credit Parties as of the immediately preceding January 1st and July 1st. The Reserve Report as of January 1 of each year shall be prepared by one
or more Approved Petroleum Engineers, and each other Reserve Report required hereunder shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to have been prepared in accordance with
the procedures used in the immediately preceding January 1 Reserve Report. 
 (b) In the event of an Interim Redetermination, the
Borrower shall furnish to the Administrative Agent and the Lenders a Reserve Report prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to have been prepared in accordance with the
procedures used in the immediately preceding January 1 Reserve Report. For any Interim Redetermination requested by the Administrative Agent or the Borrower pursuant to Section 2.07(b), the Borrower shall provide such
Reserve Report with an “as of” date as required by the Administrative Agent as soon as possible, but in any event no later than thirty (30) days following the receipt of such request (or, in the case of an Interim Redetermination
requested by the Borrower, such other date as the Administrative Agent may agree) or the commencement of a Borrowing Base Period, as applicable. 

(c) With the delivery of each such Reserve Report, the Borrower shall provide to the Administrative Agent and the Lenders a certificate of the
Borrower confirming that in all material respects: (i) the Parent and the Borrower acted in good faith and utilized reasonable assumptions at the time such information was furnished in the preparation of such Reserve Report and that to their
knowledge there are no statements or conclusions in such Reserve Report which are based upon or include material misleading information or fail to take into account material information known to them regarding the matters reported therein,
(ii) the Parent or its Restricted Subsidiaries own good and defensible title to the Oil and Gas Properties evaluated in such Reserve Report as required in this Agreement and such Properties are free of all Liens except Liens permitted by
Section 9.03, (iii) except as set forth on an exhibit to the certificate, on a net basis there are no gas imbalances, take or pay or other prepayments in excess of the volume specified in
Section 7.18 with respect to its Oil and Gas Properties evaluated in such Reserve Report which would require the Parent or any Restricted Subsidiary to deliver Hydrocarbons either generally or produced from such Oil and Gas
Properties at some future time without then or thereafter receiving full payment therefor, (iv) none of the Parent’s or any Restricted Subsidiary’s Proved Oil and Gas Properties have been sold since the date of the last certificate
delivered pursuant to this Section 8.12(c) except as set forth on an exhibit to the certificate, which certificate shall list all of its Proved 

  
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Oil and Gas Properties sold and in such detail as reasonably required by the Administrative Agent, (v) attached to the certificate is a list of all marketing agreements entered into
subsequent to the later of the date hereof or the most recently delivered Reserve Report which the Borrower could reasonably be expected to have been obligated to list on Schedule 7.19 had such agreement been in effect on
the date hereof, (vi) if during a Borrowing Base Period, the Mortgaged Properties satisfy the Mortgage Coverage Requirement and (vii) to the extent, if any, that any Oil and Gas Properties included in such report are owned by a Credit
Party that is not a Qualified ECP Counterparty, such Credit Party and such Oil and Gas Properties are specified in such report. 

Section 8.13 Title Information. 

(a) At any time during a Borrowing Base Period, on or before the delivery to the Administrative Agent and the Lenders of each Reserve Report
required by Section 8.12(a), the Borrower will deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Oil and Gas Properties, so that the Administrative Agent shall
have received together with title information previously delivered to the Administrative Agent, satisfactory title information which satisfies the Title Coverage Requirement. 

(b) If the Borrower has provided title information for additional Properties under Section 8.13(a), the Borrower
shall, within sixty (60) days after notice from the Administrative Agent that title defects or exceptions (excluding Excepted Liens) exist with respect to such additional Properties, either (i) cure any such title defects or exceptions
(including defects or exceptions as to priority) which are not permitted by Section 9.03 raised by such information, (ii) substitute acceptable Mortgaged Properties with no title defects or exceptions (excluding
Excepted Liens) having an equivalent value or (iii) deliver title information in form and substance acceptable to the Administrative Agent so that the Administrative Agent shall have received, together with title information previously
delivered to the Administrative Agent, satisfactory title information which satisfies the Title Coverage Requirement. 
 (c) If the Borrower
fails to cure any title defect (excluding Excepted Liens) requested by the Administrative Agent to be cured within the 60-day period or the Borrower fails to comply with the requirements to provide acceptable
title information which satisfies the Title Coverage Requirement, such failure shall not be a Default, but instead the Administrative Agent and/or the Required Lenders shall have the right, at any time during a Borrowing Base Period, to exercise the
following remedy in their sole discretion from time to time, and any failure to so exercise this remedy at any time shall not be a waiver as to future exercise of the remedy by the Administrative Agent or the Lenders. Such remedy is to have the
Administrative Agent declare that such unacceptable Mortgaged Property shall not count towards the Title Coverage Requirement and for the Administrative Agent to send a notice to the Borrower and the Lenders that the then outstanding Borrowing Base
shall be reduced by an amount as determined by the Required Lenders to cause the Borrower to be in compliance with the requirement to provide acceptable title information which satisfies the Title Coverage Requirement. This new Borrowing Base shall
become effective immediately after receipt of such notice. 

  
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 Section 8.14 Collateral and Guaranty Agreements. 

(a) In connection with each redetermination of the Borrowing Base during a Borrowing Base Period, the Borrower shall review the Reserve Report
and the list of current Mortgaged Properties (as described in Section 8.12(c)(vi)) to ascertain whether the Mortgaged Properties satisfy the Mortgage Coverage Requirement. In the event that, during a Borrowing Base Period,
the Mortgaged Properties do not satisfy the Mortgage Coverage Requirement, then the Borrower shall, and shall cause the Parent and its other Restricted Subsidiaries to, grant, no later than thirty (30) days after delivery of the certificate
required under Section 8.12(c) (or such longer period acceptable to the Administrative Agent), to the Administrative Agent as security for the Indebtedness first priority Liens and security interests (subject only, with
respect to priority, to Liens permitted by Section 9.03 (other than Section 9.03(e))) on additional Oil and Gas Properties of the Credit Parties that are not already subject to a Lien of the
Security Instruments such that after giving effect thereto, the Mortgaged Properties will satisfy the Mortgage Coverage Requirement. All such Liens will be created and perfected by and in accordance with the provisions of deeds of trust, security
agreements and financing statements or other Security Instruments, all in form and substance reasonably satisfactory to the Administrative Agent and in sufficient executed (and acknowledged where necessary or appropriate) counterparts for recording
purposes. In order to comply with the foregoing, if any Restricted Subsidiary places a Lien on its Oil and Gas Properties and such Restricted Subsidiary is not a Guarantor, then it shall become a Guarantor and comply with
Section 8.14(b). 
 (b) In the event that (i) the Parent creates or acquires any Restricted Subsidiary other
than an Immaterial Subsidiary (including by designating any Unrestricted Subsidiary as a Restricted Subsidiary pursuant to the terms hereof) or (ii) any Domestic Subsidiary incurs or guarantees any Funded Debt, the Borrower shall or shall cause
the Parent to promptly cause such Restricted Subsidiary (if other than the Borrower) to execute and deliver the Guaranty Agreement and, solely during a Borrowing Base Period, the Security Agreement (or supplements thereto or assumption agreements
thereto or any replacement Security Instrument with respect to the collateral described in such Security Instruments that is entered into after the termination of an Investment Grade Period, as applicable) pursuant to which such Restricted
Subsidiary shall guarantee the Indebtedness and, during a Borrowing Base Period, grant liens and security interests in its personal property that constitutes collateral. During a Borrowing Base Period, in the event that the Parent creates or
acquires any Restricted Subsidiary other than an Immaterial Subsidiary, the Credit Party that owns the Equity Interests in such new Restricted Subsidiary shall execute and deliver a supplement to the Security Agreement pursuant to which such Credit
Party will confirm the pledge of all of the Equity Interests of such new Restricted Subsidiary to secure the Indebtedness, and in connection with the foregoing, the Credit Parties shall (x) deliver original stock certificates, if any,
evidencing the Equity Interests of such new Restricted Subsidiary, together with an appropriate undated stock power for each certificate duly executed in blank by the registered owner thereof and (y) execute and deliver such other additional
closing documents, certificates and legal opinions as shall reasonably be requested by the Administrative Agent. Parent and Borrower shall cause any Subsidiary (if other than the Borrower) that guarantees the obligations with respect to any
Permitted Senior Unsecured Notes, Permitted Junior Lien Debt or Permitted Refinancing Debt in respect thereof to become a Guarantor by executing and delivering to the Administrative Agent an assumption agreement with respect to the Guaranty
Agreement. 

  
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 (c) During any Borrowing Base Period, the Parent will at all times cause the other material
tangible and intangible assets of the Parent and each Restricted Subsidiary (including, without limitation, all Swap Agreements) purported to be pledged as collateral pursuant to the Security Instruments to be or be made subject to a Lien under the
Security Instruments. 
 (d) Notwithstanding any provision in any of the Loan Documents to the contrary, in no event is any Building (as
defined in the applicable Flood Insurance Regulations) or Manufactured (Mobile) Home (as defined in the applicable Flood Insurance Regulations) owned by any Credit Party included in the Mortgaged Property and no Building or Manufactured (Mobile)
Home shall be encumbered by any Security Instrument; provided that (i) the applicable Credit Party’s interests in all lands and Hydrocarbons situated under any such Building or Manufactured (Mobile) Home shall not be excluded from
the Mortgaged Property and shall be encumbered by all applicable Security Instruments and (ii) the Borrower shall not, and shall not permit the Parent nor any of its other Restricted Subsidiaries to, permit to exist any Lien on any Building or
Manufactured (Mobile) Home except Liens permitted by Section 9.03. 
 (e) Promptly following the acquisition by
any Person of one hundred percent (100%) of the outstanding Equity Interests in the Borrower, the Borrower will give notice of such event to the Administrative Agent and the Borrower will cause such Person to become a party to this Agreement by
executing and delivering a Parent Joinder Agreement to the Administrative Agent. Pursuant to such Parent Joinder Agreement and the Guaranty Agreement as supplemented thereby, the Parent will guarantee the Indebtedness. Pursuant to such Parent
Joinder Agreement and the Security Agreement as supplemented thereby, the Parent will grant liens and security interests in its personal property that constitutes Collateral (as defined in the Security Agreement), including all of its Equity
Interests in the Borrower to secure the Indebtedness. In connection with the foregoing, the Parent will (i) deliver the original stock certificates, if any, evidencing its Equity Interests in the Borrower, together with an appropriate undated
stock power for each certificate duly executed in blank by Parent and (ii) execute and deliver such other additional closing documents, certificates and legal opinions as shall reasonably be requested by the Administrative Agent. 

(f) Each time a Borrowing Base Period commences after the Effective Date, Parent and the Borrower will, and will cause each other Restricted
Subsidiary, to execute and deliver such Security Instruments as reasonably required by the Administrative Agent to comply with the Mortgage Coverage Requirement and the other requirements of this Section 8.14 that apply during a Borrowing Base
Period within 60 days (or such longer time as the Administrative Agent may agree in its sole discretion) following the commencement of such Borrowing Base Period. 

Section 8.15 ERISA Compliance. The Parent and the Borrower will (a) promptly furnish, and will cause each other Restricted
Subsidiary to promptly furnish, to the Administrative Agent after request therefor by the Administrative Agent, copies of the most recent annual report with respect to each Plan or any trust created thereunder, and (b) promptly upon a
Responsible Officer of Parent’s knowledge of (i) the occurrence of any “prohibited transaction”, as described in section 406 of ERISA or in section 4975 of the Code for which no exception exists or is available by statute,
regulation, administrative exemption, or otherwise, in connection with any Plan or any trust created thereunder and that is reasonably expected to result in liability to the Parent or any Restricted Subsidiary that is expected to have a Material
Adverse Effect, (ii) the occurrence of an ERISA Event that is expected to have a Material Adverse Effect or (iii) the present value of all 

  
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accumulated benefit obligations under each Plan (based on the assumptions used for purposes of Accounting Standards Codification No. 715: Compensation-Retirement Benefits, or any applicable
successor), as of the date of the most recent financial statements reflecting such amounts, exceeding the fair market value of the assets of such Plan allocable to such accrued benefits, if such excess is reasonably expected to have a Material
Adverse Effect, promptly furnish to the Administrative Agent a written notice specifying the nature thereof, what action the Parent, the Restricted Subsidiary or the ERISA Affiliate is taking or proposes to take with respect thereto, and, when known
by a Responsible Officer of Parent, any action taken or proposed by the Internal Revenue Service, the Department of Labor or the PBGC with respect thereto. 

Section 8.16 Unrestricted Subsidiaries. The Parent and the Borrower will: 

(a) cause the management, business and affairs of each of the Parent and its Restricted Subsidiaries to be conducted in such a manner
(including, without limitation, by keeping separate books of account, furnishing separate financial statements of Unrestricted Subsidiaries to creditors and potential creditors thereof and by not permitting Properties of the Borrower and the Parent
and its other respective Restricted Subsidiaries to be commingled) so that each Unrestricted Subsidiary that is a corporation will be treated as a corporate entity separate and distinct from the Parent and the Restricted Subsidiaries;
provided that, notwithstanding the foregoing, the Parent and the Restricted Subsidiaries may enter into servicing arrangements with Unrestricted Subsidiaries so long as such arrangements are permitted under
Section 9.13; 
 (b) not, and will not permit any of the Restricted Subsidiaries to, incur, assume, guarantee or
be or become liable for any Funded Debt of any of the Unrestricted Subsidiaries; and 
 (c) not permit any Unrestricted Subsidiary to hold
any Equity Interest in, or any Funded Debt of, the Parent or any Restricted Subsidiary. 
 Section 8.17 Commodity Exchange Act
Keepwell Provisions. The Borrower hereby absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Credit Party that is not an “eligible
contract participant” under the Commodity Exchange Act in order for such Credit Party to honor its obligations under the Guaranty Agreement and any other Loan Documents with respect to Swap Agreements (provided, however, that the
Borrower shall only be liable under this Section 8.17 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 8.17, or otherwise
under this Agreement or any Loan Document, as it relates to such other Credit Parties, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of the Borrower under
this Section 8.17 shall remain in full force and effect until all Indebtedness is paid in full to the Lenders, the Administrative Agent, the Issuing Bank and all Secured Swap Providers, and all of the Lenders’
Commitments are terminated. The Borrower intends that this Section 8.17 constitute, and this Section 8.17 shall be deemed to constitute, a “keepwell, support, or other agreement” for the
benefit of each other Credit Party for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

  
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 ARTICLE IX 

NEGATIVE COVENANTS 
 Until
the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder and all other amounts payable under the Loan Documents have been paid in full and all Letters of Credit have expired or
terminated and all LC Disbursements shall have been reimbursed, each of the Borrower and the Parent covenants and agrees with the Lenders that: 

Section 9.01 Financial Covenants. 

(a) Current Ratio. The Parent and the Borrower will not permit, as of the last day of any Rolling Period commencing with the Rolling
Period ending December 31, 2021, the Parent’s ratio of (i) consolidated Current Assets of the Parent and its Consolidated Restricted Subsidiaries to (ii) consolidated Current Liabilities of the Parent and its Consolidated
Restricted Subsidiaries to be less than 1.00 to 1.00. 
 (b) Total Net Leverage Ratio. The Parent and the Borrower will not permit
the Total Net Leverage Ratio to be greater than 3.50 to 1.00 as of the last day of any Rolling Period, commencing with the Rolling Period ending December 31, 2022. 

(c) PV-9 Coverage Ratio. If, as of the last day of any fiscal quarter ending during an
Investment Grade Period, the Borrower does not have an Investment Grade Rating from at least two of Moody’s, S&P and Fitch, the Borrower will not permit the PV-9 Coverage Ratio, as of the last day of
such fiscal quarter, to be less than 1.50 to 1.00; provided that, if the Borrower does have an Investment Grade Rating from at least two of Moody’s, S&P and Fitch as of such date, this Section 9.01(c) shall
not apply as of such date. 
 Section 9.02 Debt. The Parent and the Borrower will not, and will not permit any of the other
Restricted Subsidiaries to, incur, create, assume or suffer to exist any Debt, except: 
 (a) the Loans or other Indebtedness arising under
the Loan Documents or any guaranty of or suretyship arrangement for the Loans or other Indebtedness arising under the Loan Documents; 
 (b)
Debt of the Parent and its Restricted Subsidiaries (i) existing on the date hereof that is reflected on Schedule 9.02 and (ii) permitted to be incurred during an Investment Grade Period existing during any subsequent Borrowing Base
Period to the extent the aggregate such Debt exceeds the amount permitted to be incurred under each of Section 9.02(c) and Section 9.02(i); 

(c) Debt under Finance Leases or that constitutes Purchase Money Debt; provided that the Debt permitted by this
clause (c) shall not exceed, at the time any such Debt is incurred (and after giving effect to such incurrence) and together with all other Debt incurred pursuant to this Section 9.02(c), an
aggregate principal amount equal to the greater of (i) $125,000,000 and (ii) (x) during a Borrowing Base Period, five percent (5%) of the Borrowing Base in effect at such time or (y) during an Investment Grade Period, two percent (2%) of
Consolidated Net Tangible Assets as of the last day of the then most recently ended Rolling Period for which financial statements are available; 

  
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 (d) intercompany Debt between the Parent and any Restricted Subsidiary or between Restricted
Subsidiaries, provided that such Debt is subordinated to the Indebtedness as and to the extent provided in the Guaranty Agreement; 

(e) Debt constituting a guaranty by the Parent or by a Restricted Subsidiary of other Debt permitted to be incurred under this
Section 9.02; 
 (f) Debt under the Permitted Senior Unsecured Notes and guarantees thereof by any Credit Party;
provided that after giving effect to the issuance thereof after the Effective Date, the application of the proceeds thereof, and any automatic reduction of the Borrowing Base pursuant to Section 2.07(e) on account
thereof: (i) the Parent shall be in pro forma compliance with Section 9.01 as of the most recently ended fiscal quarter for which financial statements have been or are required to be delivered pursuant to
Section 8.01(a) or Section 8.01(b) and (ii) no Event of Default or Borrowing Base Deficiency shall exist; 

(g) Debt arising from agreements of the Borrower or any Restricted Subsidiary providing for indemnification, adjustment of purchase price or
similar obligations (including earn-outs), in each case entered into in connection with Investments in or Transfers of any business, assets or stock permitted hereunder; 

(h) Debt of the Borrower or any Restricted Subsidiary consisting of obligations to pay insurance premiums incurred in the ordinary course of
business; 
 (i) other Funded Debt; provided that the Funded Debt permitted by this clause (i) shall not exceed, at the
time any such Funded Debt is incurred (and after giving effect to such incurrence) and together with all other Debt incurred pursuant to this Section 9.02(i), an aggregate principal amount equal to the greater of (i)
$125,000,000 and (ii) (x) during a Borrowing Base Period, five percent (5%) of the Borrowing Base in effect at such time or (y) during an Investment Grade Period, two percent (2%) of Consolidated Net Tangible Assets as of the last day of
the then most recently ended Rolling Period for which financial statements are available; 
 (j) Permitted Junior Lien Debt; provided
that (i) the amount of Permitted Junior Lien Debt that is secured by second priority Liens permitted by this clause (j) shall not exceed an aggregate principal amount equal to $350,000,000, (ii) such Permitted Junior Lien Debt
(other than Permitted Refinancing Debt in respect of any such Permitted Junior Lien Debt) shall be issued solely in exchange for, or the net proceeds thereof shall be used solely to Redeem, Debt under the Permitted Senior Unsecured Notes in a single
transaction or series of substantially contemporaneous related transactions and (iii) for the avoidance of doubt, no Permitted Junior Lien Debt may be issued or incurred during an Investment Grade Period; 

(k) Permitted Refinancing Debt in respect of Permitted Senior Unsecured Notes, Permitted Junior Lien Debt and Debt permitted under
Section 9.02(b); and 
 (l) Debt not permitted by the foregoing clauses (a) through
(k) which is approved in writing by the Majority Lenders. 

  
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 Section 9.03 Liens. The Parent and the Borrower will not, and will not permit
any other Restricted Subsidiary to, create, incur, assume or permit to exist any Lien on any of its Properties (now owned or hereafter acquired), except: 

(a) Liens created by any Loan Document securing the payment of any Indebtedness; 

(b) (i) Excepted Liens and (ii) Liens created during any Investment Grade Period securing Property to the extent that, during any
subsequent Borrowing Base Period, the aggregate principal amount of the obligations secured thereby exceeds the amount permitted by Section 9.03(d)(i); 

(c) Liens securing Finance Leases and Purchase Money Debt permitted by Section 9.02(c) but only on the Property
under lease or the Property purchased, constructed or improved with such Purchase Money Debt; 
 (d) additional Liens on Property (excluding
Proved Oil and Gas Properties and Equity Interests of the Borrower or its Restricted Subsidiaries pledged as Collateral) so long as the aggregate principal amount of the obligations secured thereby does not at any time exceed the greater of (i)
$125,000,000 and (x) during a Borrowing Base Period, five percent (5%) of the Borrowing Base in effect at such time or (y) during an Investment Grade Period, two percent (2%) of Consolidated Net Tangible Assets as of the last day of the
then most recently ended Rolling Period for which financial statements are available; and 
 (e) Liens securing any Permitted Junior Lien
Debt; provided that such Liens are (i) subordinate to the Liens in favor of the Administrative Agent securing the Indebtedness and (ii) subject to an Intercreditor Agreement. 

The Liens permitted by this Section 9.03 shall be construed to allow for Liens on the improvements, fixtures and/or accessions to
Property which are permitted to be subject to such Liens and on the proceeds of such Property (including any insurance for such property) as determined in accordance with the UCC. 

Section 9.04 Dividends and Distributions and Redemptions of Permitted Senior Unsecured Notes or Permitted Junior Lien Debt. 

(a) Dividends and Distributions. The Parent and the Borrower will not, and will not permit any other Subsidiary to, declare or make, or
agree to pay or make, directly or indirectly, any Restricted Payment to its Equity Interest holders, except: 
 (i) the Parent may declare
and pay dividends with respect to its Equity Interests payable solely in additional shares of its Equity Interests (other than Disqualified Capital Stock); 

(ii) Subsidiaries may declare and make Restricted Payments ratably with respect to their Equity Interests; 

  
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 (iii) the Parent may make Restricted Payments pursuant to and in accordance with stock
option plans or other equity incentive or benefit plans for management or employees of the Parent and its Subsidiaries; 
 (iv) the Parent
may, substantially contemporaneously with (and in any event within three (3) Business Days after) its receipt of (A) any Unrestricted Subsidiary Distribution received directly from any Unrestricted Subsidiary or indirectly from the
Borrower or (B) the proceeds of any Transfer of any Equity Interests in any Unrestricted Subsidiary, make cash distributions or dividends to its members in an amount not to exceed the amount of the corresponding Unrestricted Subsidiary
Distribution or such net proceeds, respectively; provided that prior to or contemporaneously with making such cash distribution or dividend described in this clause (iv) the Borrower shall make a principal payment on the
Borrowings in an aggregate amount equal to (1) the aggregate amount of cash Investments made by the Parent and/or the Restricted Subsidiaries in such Unrestricted Subsidiary from and after the Effective Date pursuant to
Section 9.05(i) minus (2) the aggregate amount of principal payments previously made pursuant to this proviso that were calculated with reference to Investments made pursuant to
Section 9.05(i); 
 (v) so long as it is taxed as a partnership, the Parent may make Permitted Tax Distributions;
provided that, such distributions shall be made quarterly and annually, based on Centennial Resource Development’s federal income tax filing obligations; 

(vi) the Parent may make Restricted Payments; provided that, in the case of this clause (v): (A) no Default or Event of Default
exists or results from the making of such Restricted Payment, and (B) after giving effect to such Restricted Payment, (1) Availability is not less than twenty percent (20%) of the Aggregate Elected Commitments then in effect, and
(2) the Total Net Leverage Ratio shall be equal to or less than 3.00 to 1.00 on a pro forma basis; 
 (vii) any payments in connection
with a Permitted Bond Hedge Transaction; and 
 (viii) the Parent may make Restricted Payments in an aggregate amount, together with all
other Restricted Payments made pursuant to this Section 9.04(a)(viii), during the term of this Agreement not to exceed $125,000,000. 

(b) Redemption of Permitted Senior Unsecured Notes or Permitted Junior Lien Debt; Amendment of Terms of Permitted Senior Unsecured Notes
Documents or Permitted Junior Lien Debt Documents. The Parent and the Borrower will not, and will not permit any other Credit Party to, prior to the date that is one hundred eighty (180) days after the Maturity Date: 

(i) call, make or offer to make any optional or voluntary Redemption of or otherwise optionally or voluntarily Redeem (whether in whole or in
part) any Permitted Senior Unsecured Notes, Permitted Junior Lien Debt or Permitted Refinancing Debt in respect thereof (any of the foregoing, a “Junior Debt Payment”), except that, so long as no Event of Default exists, the
Borrower may make a Junior Debt Payment (A) substantially contemporaneously with its receipt of (and in an amount up to) any cash proceeds from an issuance or sale of, or in exchange for, (1) any Permitted Senior Unsecured Notes, Permitted
Junior Lien Debt or Permitted Refinancing Debt or (2) any Equity Interests in the Parent (other than 

  
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Disqualified Capital Stock), (B) with cash if after giving effect to such Junior Debt Payment, (1) Availability is not less than twenty percent (20%) of the Aggregate Elected Commitments
then in effect, and (2) the Total Net Leverage Ratio shall not exceed 3.00 to 1.00 on a pro forma basis, or (C) with cash in an aggregate amount, together with all other Junior Debt Payments made pursuant to this
Section 9.04(b)(i)(C), during the term of this Agreement not to exceed $125,000,000; or 
 (ii) amend, modify,
waive or otherwise change, consent or agree to any amendment, modification, waiver or other change to, any of the terms of the Permitted Senior Unsecured Notes Documents or the Permitted Junior Lien Debt Documents (except to the extent a new
issuance of Permitted Senior Unsecured Notes, Permitted Junior Lien Debt or Permitted Refinancing Debt, the proceeds of which were used to Redeem existing Permitted Senior Unsecured Notes or Permitted Junior Lien Debt pursuant to the foregoing
clause (i), would be permitted to have such terms as so amended, modified, waived or otherwise changed) if the effect thereof would be to (A) shorten its maturity or average life, (B) increase the amount of any payment of principal
thereof, (C) increase the rate or shorten any period for payment of interest thereon, or (D) modify or amend financial or negative covenants or events of default such that the resulting financial and negative covenants and events of
default in respect thereof, taken as a whole, are more restrictive with respect to the Credit Parties than the financial and negative covenants and Events of Default in this Agreement without this Agreement being contemporaneously amended to add
similar provisions (as determined in good faith by senior management of the Parent). 
 Section 9.05 Investments, Loans and
Advances. The Parent and the Borrower will not, and will not permit any other Restricted Subsidiary to, make or permit to remain outstanding any Investments in or to any Person, except that the foregoing restriction shall not apply to: 

(a) Investments as of the Effective Date which are disclosed to the Lenders in Schedule 9.05; 

(b) accounts receivable arising in the ordinary course of business; 

(c) direct obligations of the United States or any agency thereof, or obligations guaranteed by the United States or any agency thereof, in
each case maturing within one year from the date of acquisition thereof; 
 (d) commercial paper maturing within one year from the date of
acquisition thereof rated in the highest grade by S&P, Moody’s or Fitch; 
 (e) demand deposits, and time deposits (including
certificates of deposit) maturing within one year from the date of creation thereof, with (or issued by) any Lender or any office located in the United States of any other bank or trust company which is organized under the laws of the United States
or any state thereof, has capital, surplus and undivided profits aggregating at least $100,000,000 (as of the date of such bank or trust company’s most recent financial reports) and has a short term deposit rating of no lower than A2 or P2, as
such rating is set forth from time to time, by S&P or Moody’s, respectively; 
 (f) shares of any SEC registered 2a-7 money market fund that has net assets of at least $500,000,000 and the highest rating obtainable from either Moody’s or S&P; 

  
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 (g) Investments (i) made by the Borrower in or to the Guarantors and (ii) made by
the Parent or any Restricted Subsidiary in or to the Borrower or any Guarantor (in each case including any Person that becomes a Guarantor at or about the time of such Investment); 

(h) subject to the limits in Section 9.07, Investments of the type described in clause (c)
of the definition of “Investment” in direct ownership interests in additional Oil and Gas Properties and gas gathering systems related thereto or related to farm-out, farm-in, joint operating, joint venture or area of mutual interest agreements, gathering systems, pipelines or other similar arrangements which are usual and customary in the oil and gas exploration and production
business located within the geographic boundaries of the United States of America; 
 (i) Investments in Unrestricted Subsidiaries,
provided that, at the time such Investment is made, (i) no Default, Event of Default or Borrowing Base Deficiency exists or results from the making of such Investment, (ii) the aggregate amount of such Investments (after giving
effect to such Investment) made under this Section 9.05(i) does not exceed the greater of (A) $125,000,000 and (B) (x) during a Borrowing Base Period, five percent (5%) of the Borrowing Base then in effect or
(y) during an Investment Grade Period, two percent (2%) of Consolidated Net Tangible Assets as of the last day of the then most recently ended Rolling Period for which financial statements are available, and (iii) after giving effect to
such Investment, the Borrower’s Liquidity is not less than fifteen percent (15%) of the Commitments then in effect; 
 (j) loans or
advances to employees, officers or directors (i) in the ordinary course of business of the Parent or any of its Restricted Subsidiaries, in each case only as permitted by applicable law or (ii) to finance or fund capital commitments to
purchase Equity Interests in the Parent pursuant to agreements among the Parent and its Equity Interest holders; provided that the Investments made pursuant to this clause (j) do not exceed $2,000,000 in aggregate
principal amount at any time outstanding; 
 (k) Guarantee obligations permitted by Section 9.02; 

(l) Investments in stock, obligations or securities received in settlement of debts arising from Investments permitted under this
Section 9.05 or from accounts receivable arising in the ordinary course of business, which Investments are obtained by the Parent or any Restricted Subsidiary as a result of a bankruptcy or other insolvency proceeding of,
or difficulties in collecting from, the obligor in respect of such obligations; 
 (m) other Investments, provided that at the time
such Investment is made (and after giving effect to such Investment) and together with all other Investments made pursuant to this Section 9.05(m), the aggregate amount of Investments made under this
Section 9.05(m) does not exceed the greater of (i) $125,000,000 and (ii) (x) during a Borrowing Base Period, five percent (5%) of the Borrowing Base in effect at such time or (y) during an Investment Grade Period,
two percent (2%) of Consolidated Net Tangible Assets as of the last day of the then most recently ended Rolling Period for which financial statements are available; and 

(n) other Investments; provided that, in the case of this clause (n): (i) no Default or Event of Default exists or results from
the making of such Investment, and (ii) after giving effect to such Investment, (A) Availability is not less than twenty percent (20%) of the Aggregate Elected Commitments then in effect, and (B) the Total Net Leverage Ratio shall be
equal to or less than 3.00 to 1.00 on a pro forma basis. 

  
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 Section 9.06 Designation and Conversion of Restricted and Unrestricted
Subsidiaries. 
 (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or
thereafter, assuming compliance with Section 9.06(b), any Person that becomes a Subsidiary of the Parent or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary. 

(b) The Borrower may designate by written notification thereof to the Administrative Agent, any Restricted Subsidiary (other than the
Borrower), including a newly formed or newly acquired Subsidiary, as an Unrestricted Subsidiary if (i) prior, and after giving effect, to such designation, neither an Event of Default nor a Borrowing Base Deficiency would exist, (ii) such
designation is deemed to be an Investment in an Unrestricted Subsidiary in an amount equal to the fair market value as of the date of such designation of the Parent’s direct and indirect ownership interest in such Subsidiary and such Investment
would be permitted to be made at the time of such designation under Section 9.05(i), and (iii) such Subsidiary is not a “restricted subsidiary” or guarantor with respect to any Permitted Senior Unsecured
Notes or Permitted Junior Lien Debt. Except as provided in this Section 9.06(b), no Restricted Subsidiary may be redesignated as an Unrestricted Subsidiary. 

(c) The Borrower may designate any Unrestricted Subsidiary to be a Restricted Subsidiary if after giving effect to such designation,
(i) the representations and warranties of the Borrower, the Parent and its other Restricted Subsidiaries contained in each of the Loan Documents are true and correct on and as of such date as if made on and as of the date of such redesignation
(or, if stated to have been made expressly as of an earlier date, were true and correct as of such date), (ii) no Default would exist and (iii) the Borrower complies with the requirements of Section 8.14,
Section 8.16 and Section 9.14. 
 Section 9.07 Nature of Business; No
International Operations. The Parent and the Borrower will not, and will not permit any other Restricted Subsidiary to, allow any material change to be made in the character of its business as an independent oil and gas exploration and
production company. From and after the date hereof, the Parent and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties
not located within the geographical boundaries of the United States or of the offshore federal waters of the United States, and the Parent and the Borrower will not, and will not permit any of the other Restricted Subsidiaries to, enter into
marketing contracts other than in the normal course of, or ancillary to, the exploration and production business. The Borrower shall at all times remain organized under the laws of the United States of America or any State thereof or the District of
Columbia. 
 Section 9.08 Proceeds of Notes. The Parent and the Borrower will not permit the proceeds of the Notes to be used
for any purpose other than those permitted by Section 7.21. Neither the Parent, the Borrower nor any Person acting on behalf of the Borrower has taken or will take any action which might cause any of the Loan Documents to
violate Regulations T, U or X or any other regulation of the Board or to violate Section 7 of the Securities Exchange Act or any 

  
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rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative
Agent on behalf of any Lender included in such request, a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or
Regulation X of the Board, as the case may be. The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that the Parent and its other Subsidiaries and its or their respective directors,
officers, employees and agents 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 knowingly or negligently result in the violation of any Sanctions applicable to any party hereto. 
 Section 9.09 ERISA
Compliance. The Parent and the Borrower will not, and will not permit any other Restricted Subsidiary to, at any time: 
 (a) engage in
any transaction in connection with which the Parent, a Restricted Subsidiary or any ERISA Affiliate could be subjected to either a civil penalty assessed pursuant to subsections (c), (i), (l) or (m) of section 502 of ERISA or a tax imposed by
Chapter 43 of Subtitle D of the Code, except where such penalty or tax could not reasonably be expected to have a Material Adverse Effect; or 

(b) fail to make full payment when due of all amounts which, under the provisions of any Plan, Multiemployer Plan, agreement relating thereto
or applicable law, the Parent, a Restricted Subsidiary or any ERISA Affiliate is required to pay as contributions thereto, except where such failure could not reasonably be expected to have a Material Adverse Effect. 

Section 9.10 Sale or Discount of Receivables. Except for the sale of defaulted notes or accounts receivable in connection with the
compromise or collection thereof and not in connection with any financing transaction, the Parent and the Borrower will not, and will not permit any other Restricted Subsidiary to, sell (with or without recourse) any of its notes receivable or
accounts receivable to any Person other than Borrower or any Guarantor. 
 Section 9.11 Mergers, Etc. The Parent and the
Borrower will not, and will not permit any other Restricted Subsidiary to, divide or merge into or with or consolidate with any other Person, or permit any other Person to divide or merge into or consolidate with it, or Transfer (whether in one
transaction or in a series of transactions) all or substantially all of its Property to any other Person (whether now owned or hereafter acquired) (any such transaction, a “consolidation”), or liquidate or dissolve;
provided that (a) any Restricted Subsidiary (other than the Borrower) may participate in a consolidation with the Borrower or the Parent (provided that the Borrower or the Parent shall be the continuing or surviving entity),
(b) any Restricted Subsidiary (other than the Borrower) that does not own any Proved Oil and Gas Property, commodity Swap Agreements or any Equity Interests in a Subsidiary that directly or indirectly owns any Proved Oil and Gas Property or
commodity Swap Agreements may participate in a liquidation, (c) the Borrower or any Restricted Subsidiary may participate in a consolidation with another Restricted Subsidiary (provided that the Borrower is the continuing or surviving
entity if 

  
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party to such consolidation), (d) the Borrower or any Restricted Subsidiary may participate in a consolidation with another Person that was first designated a Restricted Subsidiary (and which
designation constituted an “Investment” and was permitted by Section 9.05) at the time of such consolidation; provided that (i) if the Borrower is party to such consolidation, the Borrower must be the
continuing or surviving entity and (ii) if a Restricted Subsidiary is party to such consolidation, such Restricted Subsidiary must be the continuing or surviving entity, and (e) the Borrower may consummate the Colgate Merger in accordance
with the Colgate Merger Agreement on the Colgate Merger Effective Date. 
 Section 9.12 Sale of Properties and Termination of Swap
Agreements. The Parent and the Borrower will not, and will not permit any other Restricted Subsidiary to, sell, assign, farmout, convey or otherwise transfer (collectively, a “Transfer”) any Property to any Person other
than a Credit Party or to enter into any Swap Monetization in respect of commodities except for: 
 (a) the sale of Hydrocarbons in the
ordinary course of business; 
 (b) farmouts of undeveloped acreage and undeveloped depths and Transfers in connection with such farmouts;

 (c) Transfers of equipment and other personal property that is no longer necessary for the business of the Parent or such Restricted
Subsidiary or is replaced by equipment or other personal property of at least comparable value and use; 
 (d) Transfers, including the
abandonment, farm-out, trade, exchange, lease, sublease or other disposition, of Oil and Gas Properties to which no Proved Reserves are attributed (it being agreed that for the purposes hereof the Credit
Parties’ saltwater disposal wells and associated produced water infrastructure located primarily in Reeves County, Texas have no Proved Reserves attributable to them), and Transfers of any of the Equity Interests in any Unrestricted Subsidiary;

 (e) Transfers not permitted under the preceding clause (a) through clause (d) of any other Oil and Gas Property
or any interest therein or of Equity Interests in any Restricted Subsidiary that owns Oil and Gas Properties other than the Borrower, and Swap Monetizations; provided that: 

(i) if a Borrowing Base Deficiency exists at the time of such Transfer or Swap Monetization, then the cash consideration received by any
Credit Party in respect of such Transfer or Swap Monetization shall be applied first to prepay Loans and/or cash collateralize LC Exposure until such Borrowing Base Deficiency is eliminated in full; 

(ii) no Event of Default exists or results from such Transfer or Swap Monetization; 

(iii) during any Borrowing Base Period, at least seventy-five percent (75%) of the consideration received in respect of any such Transfer of
Oil and Gas Properties or any interest therein or of any such Restricted Subsidiary shall be cash, rights with respect to post-closing settlement or indemnification obligations of the transferee or its Affiliates, or (provided no Borrowing Base
Deficiency will exist after the application of the cash proceeds of such Transfer) 

  
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new Oil and Gas Properties acceptable to the Administrative Agent in its sole discretion acquired, and the total of all such consideration received in respect of any such Transfer shall be equal
to or greater than the fair market value of the Oil and Gas Properties, interests therein and/or Restricted Subsidiaries that are the subject of such Transfer as reasonably determined by the Parent and/or the Borrower (and, if requested by the
Administrative Agent, the Borrower shall deliver a certificate of a Responsible Officer of the Borrower certifying to such determination); 

(iv) the consideration received in respect of any such Swap Monetization shall be equal to or greater than the fair market value of the
consideration provided by the Credit Parties in such transaction as reasonably determined by the Parent and/or the Borrower (and, if requested by the Administrative Agent, the Borrower shall deliver a certificate of a Responsible Officer of the
Borrower certifying to such determination); 
 (v) during any Borrowing Base Period, if the aggregate value (which, for purposes hereof,
shall mean the value the Administrative Agent attributes to such Oil and Gas Property and/or Swap Agreement for purposes of the most recent determination of the Borrowing Base (which Borrowing Base was approved by the requisite Lenders in accordance
with Section 2.07)) of such Oil and Gas Properties Transferred, when aggregated with the Swap Monetization of Swap Agreements pursuant to the terms of this Agreement, since the later of (A) the last Scheduled
Redetermination Date and (B) the date that the Borrowing Base was last adjusted pursuant to this Section 9.12(e)(v), is in excess of five percent (5%) of the Borrowing Base, then the Borrowing Base will be
automatically reduced by an amount determined by the Administrative Agent and approved by the Required Lenders, which redetermined Borrowing Base shall be effective upon delivery by the Administrative Agent of the related New Borrowing Base Notice
under Section 2.07(d), and if a Borrowing Base Deficiency exists after such reduction in the Borrowing Base, the Borrower shall prepay Borrowings in accordance with Section 3.04(c)(iii); 

(vi) if any such Transfer is of a Restricted Subsidiary (other than the Borrower) owning Oil and Gas Properties, such Transfer shall include
all the Equity Interests of such Restricted Subsidiary; 
 (vii) for purposes of this Section 9.12(e), any Oil and
Gas Property owned by a Restricted Subsidiary that is designated or redesignated as an Unrestricted Subsidiary pursuant to Section 9.06(b) shall be deemed to be Transferred by such Subsidiary to a Person that is not a
Credit Party at the time of such designation; and 
 (viii) with respect to any such Transfer during an Investment Grade Period, the
Borrower shall be in pro forma compliance with Section 9.01 (including Section 9.01(c) even if Section 9.01(c) is not otherwise being tested at such time) after giving
effect to such Transfer. 
 For purposes of this Section 9.12, “Swap Monetization” means the liquidation,
monetization, unwinding, termination or transfer (by novation or otherwise) of any commodity Swap Agreement taken into account by the Lenders in determining the most recent Borrowing Base, or the amendment of any such Swap Agreement in any way that
could reasonably be expected to reduce the Borrowing Base value thereof, provided that none of the following shall constitute a Swap 

  
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Monetization: (w) the novation of such Swap Agreement from one Credit Party to another Credit Party, with an Approved Counterparty being the “remaining party” for purposes of such
novation, (x) the novation of such Swap Agreement from the existing counterparty to an Approved Counterparty, with the Borrower or the applicable Credit Party being the “remaining party” for purposes of such novation, (y) the
termination of such Swap Agreement at the end of its stated term, or (z) the early termination of a Swap Agreement if, upon such early termination, it is replaced, in a substantially contemporaneous transaction, with one or more Swap Agreements
covering Hydrocarbons of the type that were hedged pursuant to such replaced Swap Agreements with notional volumes, prices and tenors not less favorable to the Borrower or such Credit Party as those set forth in such replaced Swap Agreements and
without cash payments to any Credit Party in connection therewith. 
 Section 9.13 Transactions with Affiliates. The Parent and
the Borrower will not, and will not permit any other Restricted Subsidiary to, enter into any transaction, including, without limitation, any Transfer of Property or the rendering of any service, with any Affiliate involving aggregate consideration
in excess of $5,000,000 (other than the Credit Parties) unless such transactions are otherwise not prohibited under this Agreement and are upon fair and reasonable terms no less favorable to it than it would obtain in a comparable arm’s length
transaction with a Person not an Affiliate, provided that the restrictions set forth in this Section 9.13 shall not apply to (a) Investments permitted by Section 9.05, (b) the execution and
delivery of any Loan Document, (c) transactions listed on Schedule 9.13, (d) payments made pursuant to Section 9.04(a) or otherwise expressly permitted under this Agreement, (e) the issuance and sale of
Equity Interests in the Parent and any amendments to the terms of any Equity Interests issued by the Parent (excluding in each case any such Equity Interests that would be, or any amendments that would cause any such Equity Interests to become,
Disqualified Capital Stock, (f) the performance of employment, equity award, equity option or equity appreciation agreements, plans or other similar compensation or benefit plans or arrangements entered into by any Credit Party in the ordinary
course of its business with its employees, officers and directors and (g) reasonable and customary fees and compensation to, and indemnity provided on behalf of, officers, directors, and employees of any Credit Party in their capacity as such).

 Section 9.14 Subsidiaries. The Parent and the Borrower will not, and will not permit any other Restricted Subsidiary to,
create or acquire any additional Restricted Subsidiary or redesignate an Unrestricted Subsidiary as a Restricted Subsidiary unless the Borrower gives prompt written notice to the Administrative Agent of such creation or acquisition and complies with
Section 8.14(b). The Borrower shall not, and shall not permit the Parent or any other Restricted Subsidiary to, Transfer any Equity Interests in any Restricted Subsidiary except in compliance with
Section 9.12. Neither the Parent nor any Restricted Subsidiary shall have any Foreign Subsidiaries. The Parent will not permit any Person other than the Parent or another Credit Party to own any Equity Interests in any
Guarantor. 
 Section 9.15 Negative Pledge Agreements; Dividend Restrictions. The Parent and the Borrower will not, and will not
permit any other Restricted Subsidiary to, create, incur, assume or suffer to exist any contract, agreement or understanding (other than (a) this Agreement and the Security Instruments, (b) agreements with respect to Purchase Money Debt or
Finance Leases secured by Liens permitted by Section 9.03(c), but then only with respect to Property which is the subject of such Finance Lease or Purchase Money Debt, (c) customary restrictions and conditions

  
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with respect to the sale or disposition of Property or Equity Interests permitted under Section 9.12 pending the consummation of such sale or disposition, (d) any
leases or licenses or similar contracts as they affect any Property or Lien subject to a lease or license, (e) any Permitted Senior Unsecured Notes Documents and any Permitted Junior Lien Debt Documents, and (f) agreements and
understandings contained in joint venture agreements or other similar agreements entered into in the ordinary course of business in respect to the disposition or distribution of assets of such joint venture), which in any way prohibits or restricts
the granting, conveying, creation or imposition of any Lien on any of its Property in favor of the Administrative Agent for the benefit of itself and the Secured Parties, or restricts any Restricted Subsidiary from paying dividends or making
distributions to the Borrower or any Guarantor. 
 Section 9.16 Gas Imbalances, Take-or-Pay or Other Prepayments. Except as set forth on Schedule 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), the
Parent and the Borrower will not, and will not permit any other Restricted Subsidiary to, allow gas imbalances, take-or-pay or other prepayments with respect to the Oil
and Gas Properties of the Parent or any Restricted Subsidiary that would require the Parent or such Restricted Subsidiary to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed two and one
half percent (2.5%) of the aggregate annual production of gas from the Oil and Gas Properties of the Parent and its Restricted Subsidiaries during the most recent calendar year (on an mcf equivalent basis). 

Section 9.17 Swap Agreements. 

(a) The Parent and the Borrower will not, and will not permit any other Restricted Subsidiary to, enter into any Swap Agreements for
speculative purposes. The Parent and the Borrower will not, and will not permit any other Restricted Subsidiary to, enter into any Swap Agreements with any Person other than: 

(i) Subject to Section 9.17(b), Swap Agreements with an Approved Counterparty in respect of commodities the notional
volumes of which (when aggregated with other commodity Swap Agreements then in effect) do not exceed, as of the date such Swap Agreement is entered into (and for each month during the period during which such Swap Agreement is in effect),
eighty-five percent (85%) of the reasonably anticipated production of crude oil, natural gas and natural gas liquids and condensate, calculated separately and, in each case, as such production is forecast from the Parent’s and its Restricted
Subsidiaries’ Oil and Gas Properties constituting Proved Reserves as set forth on the most recent Reserve Report delivered pursuant to the terms of this Agreement; provided, however, that such Swap Agreements shall not, in any
case, have a tenor of greater than five (5) years. It is understood that Swap Agreements in respect of commodities which may, from time to time, “hedge” the same volumes, but different elements of commodity risk thereof (such as, for
example, basis risk and price risk), shall not be aggregated together when calculating the foregoing limitations on notional volumes or for any other purpose of this Section. 

  
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 (ii) Upon the signing of a binding purchase and sale agreement for Oil and Gas Properties
(such Oil and Gas Properties, the “Proposed Acquisition Properties”) between such Credit Party and a third party seller, Swap Agreements in respect of commodities (A) with an Approved Counterparty, (B) with a tenor
not to exceed three (3) years commencing with the first full month after such Swap Agreement is executed, and (C) the notional volumes for which do not exceed eighty-five percent (85%) of the reasonably anticipated production from the
Proposed Acquisition Properties constituting Proved Reserves for each month from each of crude oil, natural gas and natural gas liquids and condensate, calculated separately and as set forth in a reserve report delivered to the Administrative Agent
(in form and detail reasonably acceptable to the Administrative Agent) covering such Proposed Acquisition Properties; provided that, (x) upon the earliest to occur of (1) the 10th day after such purchase and sale agreement is
terminated, (2) any Credit Party otherwise knows that such purchase and sale agreement shall not be consummated and (3) the 30th day after the date upon which the applicable purchase and sale agreement was required to close, in each case
with such extensions as agreed to by the Administrative Agent in its sole discretion, all Swap Agreements entered into under this Section 9.17(a)(ii) that would not otherwise have been permitted to be entered into under
Section 9.17(a)(i) above (at the time entered into) will be unwound or otherwise terminated, (y) notwithstanding anything to the contrary herein, the notional volumes for Swap Agreements entered into under this
Section 9.17(a)(ii) (when aggregated with other commodity Swap Agreements then in effect pursuant to Section 9.17(a)(i) other than basis differential swaps on volumes already hedged pursuant to
other Swap Agreements) shall not exceed, as of the date such Swap Agreement is executed, one hundred percent (100%) of reasonably anticipated production from the Credit Party’s Oil and Gas Properties constituting Proved Reserves (as set forth
in the most recent Reserve Report delivered pursuant to the terms of this Agreement and excluding, for the avoidance of doubt, anticipated production from the Proposed Acquisition Properties) for each month of each of crude oil, natural gas, and
natural gas liquids and condensate, calculated separately and (z) at all times prior to the closing of the applicable acquisition, when Swap Agreements are outstanding under this Section 9.17(a)(ii), Liquidity shall be
no less than fifteen percent (15%) of the Commitments then in effect. 
 (iii) Swap Agreements in respect of interest rates with an Approved
Counterparty, as follows: 
 (A) Swap Agreements effectively converting interest rates from fixed to floating, the notional amounts of which
(when aggregated with all other Swap Agreements of the Parent and its Restricted Subsidiaries then in effect effectively converting interest rates from fixed to floating) do not exceed fifty percent (50%) of the then outstanding principal amount of
the Credit Parties’ Debt for borrowed money which bears interest at a fixed rate, and which Swap Agreements shall not, in any case, have a tenor beyond the maturity date of such Debt, and 

(B) Swap Agreements effectively converting interest rates from floating to fixed, the notional amounts of which (when aggregated with all
other Swap Agreements of the Parent and its Restricted Subsidiaries then in effect effectively converting interest rates from floating to fixed) do not exceed seventy-five percent (75%) of the then outstanding principal amount of the Credit
Parties’ Debt for borrowed money which bears interest at a floating rate, and which Swap Agreements shall not, in any case, have a tenor beyond the maturity date of such Debt. 

(iv) Any Permitted Bond Hedge Transaction. 

  
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 (b) Except as otherwise permitted by clause (a)(ii) above, if, after the end of any
calendar quarter, commencing with calendar quarter ending December 31, 2021, the Borrower determines that the volume of all Swap Agreements in respect of commodities for which settlement payments were calculated in such calendar quarter (other
than Swap Agreements that “hedge” the same volumes but different elements of commodity risk) exceeded one hundred percent (100%) of actual production of Hydrocarbons in such calendar quarter, then the Borrower (i) shall promptly
notify the Administrative Agent of such determination and (ii) shall, no later than thirty (30) days after such determination (or such longer period acceptable to the Administrative Agent), terminate (only to the extent such terminations
are permitted pursuant to Section 9.12), create off-setting positions, or otherwise unwind or monetize (only to the extent such unwinds or monetizations are permitted pursuant to
Section 9.12) existing Swap Agreements such that, at such time, future hedging volumes will not exceed one hundred percent (100%) of reasonably anticipated projected production for the then-current and any succeeding
calendar quarters. 
 (c) In no event shall any Swap Agreement contain any requirement, agreement or covenant for the Parent or any
Restricted Subsidiary to post collateral, credit support (including in the form of letters of credit) or margin (other than pursuant to the Security Instruments) to secure their obligations under such Swap Agreement. 

(d) The Parent and the Borrower will not, and will not permit any other Restricted Subsidiary to, terminate or monetize any Swap Agreement in
respect of commodities without the prior written consent of the Required Lenders except to the extent such terminations are permitted pursuant to Section 9.12. 

(e) For purposes of entering into or maintaining Swap Agreement trades or transactions under Section 9.17(a)(i) and
Section 9.17(b), respectively, forecasts of reasonably anticipated production from the Parent’s and its Restricted Subsidiaries’ Proved Reserves as set forth on the most recent Reserve Report delivered pursuant to
the terms of this Agreement shall be deemed to be updated to account for any increase or decrease therein anticipated because of information obtained by the Parent or any of its Restricted Subsidiaries and delivered to the Administrative Agent
subsequent to the publication of such Reserve Report including, without limitation, (i) the Parent’s or any of its Restricted Subsidiaries’ internal forecasts of production decline rates for existing wells, (ii) additions to or
deletions from anticipated future production from new wells, (iii) completed dispositions, and (iv) completed acquisitions coming on stream or failing to come on stream; provided that (A) any such supplemental information shall
be reasonably satisfactory to the Administrative Agent and (B) if any such supplemental information is delivered, such information shall be presented on a net basis (i.e., it shall take into account both increases and decreases in anticipated
production subsequent to publication of the most recent Reserve Report). 
 ARTICLE X 

EVENTS OF DEFAULT; REMEDIES 

Section 10.01 Events of Default. One or more of the following events shall constitute an “Event of
Default”: 
 (a) the Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC
Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof, by acceleration or otherwise; 

  
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 (b) the Borrower shall fail to pay any interest on any Loan or any fee or any other amount
(other than an amount referred to in Section 10.01(a)) payable under any Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five (5) Business
Days; 
 (c) any representation or warranty made or deemed made by or on behalf of the Parent, the Borrower or any other Restricted
Subsidiary in or in connection with any Loan Document or any amendment or modification of any Loan Document or waiver under such Loan Document, or in any report, certificate, financial statement or other document furnished pursuant to or in
connection with any Loan Document or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made (or, to the extent that any such representation and warranty is
qualified by materiality, such representation and warranty shall prove to have been incorrect when made or deemed made); 
 (d) the Borrower
shall fail to give notice of any Default as required under Section 8.02(a), the Parent, the Borrower or any other Restricted Subsidiary shall fail to observe or perform any covenant, condition or agreement contained in
Section 8.01(l), Section 8.02(b), Section 8.02(c), Section 8.03(a)(i) (with respect to the Parent and the Borrower),
Section 8.14, or in Article IX; 
 (e) the Parent, the Borrower or any other Restricted Subsidiary shall
fail to observe or perform any covenant, condition or agreement contained in this Agreement (other than those specified in Section 10.01(a), Section 10.01(b) or
Section 10.01(d)) or any other Loan Document, and such failure shall continue unremedied for a period of thirty (30) days after the earlier to occur of (i) a Responsible Officer of the Parent, the Borrower or any
other Restricted Subsidiary having knowledge of such default, or (ii) receipt of notice thereof by the Borrower from the Administrative Agent; 

(f) the Parent, the Borrower or any other Restricted Subsidiary shall fail to make any payment (whether of principal or interest and regardless
of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable, and such failure to pay shall extend beyond any applicable grace period; 

(g) any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables or
permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the
Redemption thereof or any offer to Redeem to be made in respect thereof, prior to its scheduled maturity or require the Parent, the Borrower or any other Restricted Subsidiary to make a mandatory Redemption offer in respect thereof (other than any
event which triggers the conversion right of holders of Convertible Notes); 

  
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 (h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed
seeking (i) liquidation, reorganization or other relief in respect of the Parent, the Borrower or any other Restricted Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency,
receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Parent, the Borrower or any other Restricted Subsidiary or for a substantial
part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for sixty (60) days or an order or decree approving or ordering any of the foregoing shall be entered; 

(i) the Parent, the Borrower or any other Restricted Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking
liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate
manner, any proceeding or petition described in Section 10.01(h), (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Parent, the
Borrower or any other Restricted Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the
benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 
 (j) the Parent, the Borrower or any
other Restricted Subsidiary shall become unable, admit in writing its inability or fail generally to pay its debts as they become due; 
 (k)
one or more judgments for the payment of money in an aggregate amount in excess of the Threshold Amount (to the extent not covered by independent third party insurance as to which the insurer does not dispute coverage) shall be rendered against the
Parent, the Borrower, any other Restricted Subsidiary or any combination thereof and the same shall not be discharged, vacated or stayed within thirty (30) days after becoming a final judgment; 

(l) the Loan Documents after delivery thereof shall for any reason, except to the extent permitted by the terms thereof, cease to be in full
force and effect and valid, binding and enforceable in accordance with their terms against the Borrower or a Guarantor party thereto or shall be repudiated by any of them, or cease to create a valid and perfected Lien of the priority required
thereby on any of the collateral purported to be covered thereby (except to the extent permitted by the terms of this Agreement or such Loan Document), or the Parent, the Borrower or any other Restricted Subsidiary or any of their Affiliates shall
so state in writing; 
 (m) a Change in Control shall occur; or 

(n) an ERISA Event shall have occurred that, when taken together with all other ERISA Events that have occurred, could reasonably be expected
to result in a Material Adverse Effect. 
 Section 10.02 Remedies. 

(a) In the case of an Event of Default other than one described in Section 10.01(h),
Section 10.01(i) or Section 10.01(j), at any time thereafter during the continuance of such Event of Default, the Administrative Agent may, and at the request of the Majority Lenders, shall, by
notice to the Borrower, take either or both of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall 

  
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terminate immediately, and (ii) declare the Notes and the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable
may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower and the Guarantors accrued
hereunder and under the Notes and the other Loan Documents (including, without limitation, the payment of cash collateral to secure the LC Exposure as provided in Section 2.08(j)), shall become due and payable immediately,
without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other notice of any kind, all of which are hereby waived by the Borrower and each Guarantor; and in case of an Event of Default described in
Section 10.01(h), Section 10.01(i) or Section 10.01(j), the Commitments shall automatically terminate and the Notes and the principal of the Loans then outstanding,
together with accrued interest thereon and all fees and the other obligations of the Borrower and the Guarantors accrued hereunder and under the Notes and the other Loan Documents (including, without limitation, the payment of cash collateral to
secure the LC Exposure as provided in Section 2.08(j)), shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower and each
Guarantor. 
 (b) In the case of the occurrence of an Event of Default, the Administrative Agent and the Lenders will have all other rights
and remedies available at law and equity. 
 (c) All proceeds realized from the liquidation or other disposition of collateral or otherwise
received after maturity of the Loans, whether by acceleration or otherwise, shall be applied: 
 (i) first, to payment or
reimbursement of that portion of the Indebtedness constituting fees, expenses and indemnities payable to the Administrative Agent in its capacity as such; 

(ii) second, pro rata to payment or reimbursement of that portion of the Indebtedness constituting fees, expenses and indemnities
payable to the Lenders; 
 (iii) third, pro rata to payment of accrued interest on the Loans; 

(iv) fourth, pro rata to payment of principal outstanding on the Loans, LC Disbursements that have not yet been reimbursed by or on
behalf of the Borrower at such time, and Indebtedness referred to in clause (b) of the definition of Indebtedness owing to Secured Swap Providers; 

(v) fifth, pro rata to any other Indebtedness; 

(vi) sixth, to serve as cash collateral to be held by the Administrative Agent to secure the remaining LC Exposure; and 

(vii) seventh, any excess, after all of the Indebtedness shall have been indefeasibly paid in full in cash, shall be paid to the
Borrower or as otherwise required by any Governmental Requirement. 

  
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 Notwithstanding the foregoing, amounts received from any Credit Party that is not an
“eligible contract participant” under the Commodity Exchange Act shall not be applied to any obligations that constitute Excluded Swap Obligations with respect to such Credit Party (it being understood, that in the event that any amount is
applied to Indebtedness other than Excluded Swap Obligations as a result of this clause, the Administrative Agent shall make such adjustments as it determines are appropriate to distributions pursuant to clause fourth above from amounts
received from “eligible contract participants” under the Commodity Exchange Act to ensure, as nearly as possible, that the proportional aggregate recoveries with respect to Indebtedness described in clause fourth above by the
holders of any Excluded Swap Obligations are the same as the proportional aggregate recoveries with respect to other Indebtedness pursuant to clause fourth above). 

Section 10.03 Credit Bidding. The Secured Parties hereby irrevocably authorize the Administrative Agent, at the direction of the
Majority Lenders, to credit bid all or any portion of the Indebtedness (including by accepting some or all of the Collateral in satisfaction of some or all of the Indebtedness pursuant to a deed in lieu of foreclosure or otherwise) and, in such
manner, purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of the United States Bankruptcy Code, including under Sections 363, 1123
or 1129 of the United States Bankruptcy Code, or any similar laws in any other jurisdictions to which a Credit Party is subject, or (b) at any other sale, foreclosure or acceptance of collateral in lieu of debt conducted by (or with the consent
or at the direction of) the Administrative Agent (whether by judicial action or otherwise) in accordance with any applicable law. In connection with any such credit bid and purchase, the Indebtedness owed to the Secured Parties shall be entitled to
be, and shall be, credit bid by the Administrative Agent at the direction of the Majority Lenders on a ratable basis (with Indebtedness with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a
ratable basis that shall vest upon the liquidation of such claims in an amount proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) for the asset or assets so purchased (or for the equity
interests or debt instruments of the acquisition vehicle or vehicles that are issued in connection with such purchase). In connection with any such bid (i) the Administrative Agent shall be authorized to form one or more acquisition vehicles
and to assign any successful credit bid to such acquisition vehicle or vehicles, (ii) each of the Secured Parties’ ratable interests in the Indebtedness which were credit bid shall be deemed without any further action under this Agreement
to be assigned to such vehicle or vehicles for the purpose of closing such sale, (iii) the Administrative Agent shall be authorized to adopt documents providing for the governance of the acquisition vehicle or vehicles (provided that any
actions by the Administrative Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets or equity interests thereof, shall be governed, directly or indirectly, by, and the governing documents shall provide
for, control by the vote of the Majority Lenders or their permitted assignees under the terms of this Agreement or the governing documents of the applicable acquisition vehicle or vehicles, as the case may be, irrespective of the termination of this
Agreement and without giving effect to the limitations on actions by the Majority Lenders contained in Section 12.02), (iv) the Administrative Agent on behalf of such acquisition vehicle or vehicles shall be authorized to
issue to each of the Secured Parties, ratably on account of the relevant Indebtedness which were credit bid, interests, whether as equity, partnership interests, limited partnership interests or membership interests, in any such acquisition vehicle
and/or debt instruments issued by such acquisition vehicle, all without the need for any Secured Party or 

  
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acquisition vehicle to take any further action, and (v) to the extent that Indebtedness that is assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a
result of another bid being higher or better, because the amount of Indebtedness assigned to the acquisition vehicle exceeds the amount of Indebtedness credit bid by the acquisition vehicle or otherwise), such Indebtedness shall automatically be
reassigned to the Secured Parties pro rata with their original interest in such Indebtedness, and the equity interests and/or debt instruments issued by any acquisition vehicle on account of such Indebtedness shall automatically be cancelled,
without the need for any Secured Party or any acquisition vehicle to take any further action. Notwithstanding that the ratable portion of the Indebtedness of each Secured Party are deemed assigned to the acquisition vehicle or vehicles as set forth
in clause (ii) above, each Secured Party shall execute such documents and provide such information regarding the Secured Party (and/or any designee of the Secured Party which will receive interests in or debt instruments issued by such
acquisition vehicle) as the Administrative Agent may reasonably request in connection with the formation of any acquisition vehicle, the formulation or submission of any credit bid or the consummation of the transactions contemplated by such credit
bid. 
 Each Lender hereby agrees, on behalf of itself and each of its Affiliates that is a Secured Party, that, except as otherwise
provided in any Loan Document or with the written consent of the Administrative Agent and the Majority Lenders, it will not take any enforcement action, accelerate obligations under any of the Loan Documents, or exercise any right that it might
otherwise have under applicable law to credit bid at foreclosure sales, UCC sales or other similar dispositions of Collateral. 

ARTICLE XI 
 THE
AGENTS 
 Section 11.01 Appointment; Powers. Each of the Lenders and the Issuing Bank hereby irrevocably appoints the
Administrative Agent as its agent 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 and the other Loan Documents, together with
such actions and powers as are reasonably incidental thereto. 
 Section 11.02 Duties and Obligations of Administrative Agent.
The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or
other implied duties, regardless of whether a Default has occurred and is continuing (the use of the term “agent” herein and in the other Loan Documents with reference to the Administrative Agent is not intended to connote any fiduciary or
other implied (or express) obligations arising under agency doctrine of any applicable law; rather, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent
contracting parties), (b) the Administrative Agent shall have no duty to take any discretionary action or exercise any discretionary powers, except as provided in Section 11.03, and (c) except as expressly set forth
herein, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Parent or any of its Subsidiaries that is communicated to or obtained by the bank serving as
Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the 

  
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Administrative Agent by the Borrower or a Lender, and 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 under any other Loan Document 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 in any other Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other
agreement, instrument or document, (v) the satisfaction of any condition set forth in Article VI or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent or as to those
conditions precedent expressly required to be to the Administrative Agent’s satisfaction, (vi) the existence, value, perfection or priority of any collateral security or the financial or other condition of the Parent and its Subsidiaries
or any other obligor or guarantor, or (vii) any failure by the Borrower or any other Person (other than itself) to perform any of its obligations hereunder or under any other Loan Document or the performance or observance of any covenants,
agreements or other terms or conditions set forth herein or therein. For purposes of determining compliance with the conditions specified in Article VI, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied
with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received written notice from such Lender prior to the proposed closing
date specifying its objection thereto. 
 Section 11.03 Action by Administrative Agent. The Administrative Agent shall have no
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 in writing as
directed by the Majority Lenders (or such other number, percentage or class of the Lenders as shall be necessary under the circumstances as provided in Section 12.02) and in all cases the Administrative Agent shall be fully
justified in failing or refusing to act hereunder or under any other Loan Documents unless it shall (a) receive written instructions from the Majority Lenders, the Required Lenders or the Lenders, as applicable, (or such other number,
percentage or class of the Lenders as shall be necessary under the circumstances as provided in Section 12.02) specifying the action to be taken and (b) be indemnified to its satisfaction by the Lenders against any and
all liability and expenses which may be incurred by it by reason of taking or continuing to take any such action. The instructions as aforesaid and any action taken or failure to act pursuant thereto by the Administrative Agent shall be binding on
all of the Lenders. If a Default has occurred and is continuing, then the Administrative Agent shall take such action with respect to such Default as shall be directed by the requisite Lenders in the written instructions (with indemnities) described
in this Section 11.03, provided that, unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from
taking such action, with respect to such Default as it shall deem advisable in the best interests of the Lenders. In no event, however, shall the Administrative Agent be required to take any action which exposes the Administrative Agent to personal
liability or which is contrary to this Agreement, the Loan Documents or applicable law. If a Default has occurred and is continuing, no Agent shall have any obligation to perform any act in respect thereof. The Administrative Agent shall not be
liable for any action taken or not taken by it with the consent or at the request of the Majority Lenders, the Required Lenders or the Lenders (or such other number, percentage or class of the Lenders as shall be necessary under the circumstances as
provided in 

  
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Section 12.02), and otherwise the Administrative Agent shall not be liable for any action taken or not taken by it hereunder or under any other Loan Document or under
any other document or instrument referred to or provided for herein or therein or in connection herewith or therewith INCLUDING ITS OWN ORDINARY NEGLIGENCE, except for its own gross negligence, bad faith or willful misconduct. 

Section 11.04 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 believed by it to be genuine and to have been signed or sent 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 be made by the proper Person, and shall not incur any liability for relying thereon and each of the Borrower, the Lenders and the Issuing Bank hereby waives the right to dispute
the Administrative Agent’s record of such statement, except in the case of gross negligence, bad faith or willful misconduct by the Administrative Agent. The Administrative Agent may consult with legal counsel (who may be counsel for the
Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. The Administrative Agent may deem and
treat the payee of any Note as the holder thereof for all purposes hereof unless and until a written notice of the assignment or transfer thereof permitted hereunder shall have been filed with the Administrative Agent. 

Section 11.05 Subagents. The Administrative Agent may perform any and all its duties and exercise its rights and powers 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 its duties and exercise
its rights and powers through their respective Related Parties. The exculpatory provisions of the preceding Sections of this Article XI shall apply to any such subagent 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. 

Section 11.06 Resignation of Administrative Agent. Subject to the appointment and acceptance of a successor Administrative Agent
as provided in this Section 11.06, the Administrative Agent may resign at any time by notifying the Lenders, the Issuing Bank and the Borrower. Upon any such resignation, the Majority Lenders shall have the right, in
consultation with the Borrower, to appoint a successor. If no successor shall have been so appointed by the Majority Lenders and shall have accepted such appointment within thirty (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 Issuing Bank, appoint a successor Administrative Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such bank;
provided that in no event shall any such successor Administrative Agent be a Defaulting Lender. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with
all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. 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 Administrative Agent’s resignation hereunder, the provisions of this Article XI and
Section 12.03 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or
omitted to be taken by any of them while it was acting as Administrative Agent. 

  
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 Section 11.07 Agents as Lenders. Each bank serving as an Agent hereunder shall
have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of
business with the Parent or any Subsidiary or other Affiliate thereof as if it were not an Agent hereunder. 
 Section 11.08 No
Reliance. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent, any other Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Agreement and each other Loan Document to which it is a party. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent, any other Agent or any other Lender
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, any related agreement or any
document furnished hereunder or thereunder. The Agents shall not be required to keep themselves informed as to the performance or observance by the Parent or any of its Subsidiaries of this Agreement, the Loan Documents or any other document
referred to or provided for herein or to inspect the Properties or books of the Parent or its Subsidiaries. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders by the Administrative Agent
hereunder, no Agent or Arranger shall have any duty or responsibility to provide any Lender with any credit or other information concerning the affairs, financial condition or business of the Borrower (or any of its Affiliates) which may come into
the possession of such Agent or any of its Affiliates. In this regard, each Lender acknowledges that Vinson & Elkins L.L.P. is acting in this transaction as special counsel to the Administrative Agent only, except to the extent otherwise
expressly stated in any legal opinion or any Loan Document. Each other party hereto will consult with its own legal counsel to the extent that it deems necessary in connection with the Loan Documents and the matters contemplated therein. 

Section 11.09 Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Parent or any of its Subsidiaries, the Administrative Agent (irrespective of whether the principal of any Loan 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 and all other
Indebtedness 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 and the Administrative Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under Section 12.03) allowed in such judicial
proceeding; and 

  
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 (b) to collect and receive any monies or other property payable or deliverable on any such
claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such
judicial proceeding is hereby authorized by each Lender 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, 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
Section 12.03. 
 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 any plan of reorganization, arrangement, adjustment or composition affecting the Indebtedness 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. 
 Section 11.10 Authority of Administrative Agent to Release Collateral, Liens and Guarantors. By
accepting the benefits of the Security Instruments, each Secured Party hereby acts and agrees as follows: 
 (a) each Secured Party hereby
authorizes the Administrative Agent to take the following actions, and the Administrative Agent hereby agrees to take such actions at the request of the Borrower: 

(i) to release any Lien on any Property granted to or held by Administrative Agent under any Loan Document: 

(A) to the extent such Property is, or is to be, sold, released or otherwise disposed of as permitted pursuant to the terms of the Loan
Documents; 
 (B) to the extent such Property did not belong to any Credit Party at the time such Lien was granted, or to the extent the
Credit Parties hold interests in such Property only under a lease that has expired or is about to expire and which has not been, and is not intended by the Credit Parties to be, renewed or extended, or to the extent such Property is not a Proved Oil
and Gas Property (it being agreed that for the purposes hereof the Credit Parties’ saltwater disposal wells and associated produced water infrastructure located primarily in Reeves County, Texas are not Proved Oil and Gas Properties) and was
not required to be mortgaged pursuant to the terms of the Loan Documents; 
 (C) if approved, authorized or ratified in writing by the
Majority Lenders (or, if approval, authorization or ratification by all Lenders is required under Section 12.02(b), then by all Lenders); 

(D) upon (1) termination of all Commitments, payment in full of all Indebtedness (other than contingent indemnification obligations for
which no claim has been made) owing to the Administrative Agent, the Issuing Bank and the Lenders under the Loan Documents and owing to any Secured Swap Provider under any Secured Swap Agreement (other than any Secured Swap Provider that has advised
the Administrative Agent that the Indebtedness 

  
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owing to it are otherwise adequately provided for or novated), and the expiration or termination of all Letters of Credit (other than Letters of Credit as to which other arrangements satisfactory
to the Administrative Agent and the applicable Issuing Bank have been made) and (2) termination of all Secured Swap Agreements with Secured Swap Providers (other than any Secured Swap Provider that has advised the Administrative Agent that such
Secured Swap Agreements are otherwise adequately provided for or novated); 
 (E) upon redesignation of a Restricted Subsidiary as an
Unrestricted Subsidiary in accordance with Section 9.06(b); or 
 (F) upon the commencement of an Investment Grade
Period as described in Section 11.10(d) below. 
 (ii) to release any Guarantor from its obligations under any
Guaranty Agreement and any other Loan Document if such Person ceases to be a Restricted Subsidiary of the Borrower as a result of a transaction permitted under the Loan Documents; 

(iii) to subordinate (or release) any Lien on any Property granted to or held by the Administrative Agent under any Loan Document to any Lien
on such Property that is permitted by Section 9.03(c); and 
 (iv) to execute and deliver to the Borrower, at the
Borrower’s sole cost and expense, any and all releases of Liens and guaranties, termination statements, assignments or other documents necessary or useful to accomplish or evidence the foregoing. 

(b) Notwithstanding anything contained in any of the Loan Documents to the contrary, no Person other than the Administrative Agent has any
individual right to realize upon any of the Mortgaged Property or other collateral under the Security Instruments, to enforce any Liens on Mortgaged Property or any such other collateral, or to enforce any Guaranty Agreement, and all powers, rights
and remedies under the Security Instruments may be exercised solely by Administrative Agent on behalf of the Persons secured or otherwise benefitted thereby. 

(c) By accepting the benefit of the Liens granted pursuant to the Security Instruments, each Person secured by such Liens that is not a party
hereto agrees to the terms of this Section 11.10 and agrees that, notwithstanding anything to the contrary in any Secured Swap Agreement or any master agreement or other agreement relating thereto, each Credit Party is
authorized and permitted to grant and assign to Administrative Agent under the Security Instruments security interests in all Secured Swap Agreements and all rights with respect thereto. 

(d) Upon the commencement of any Investment Grade Period, the Administrative Agent’s Lien and security interests in the collateral under
the Security Instruments shall automatically terminate and be released (without notice to, or vote or consent of, any Lender or any other Secured Party), and the Administrative Agent shall execute and deliver to the Credit Parties or the Credit
Parties’ designee, at the Credit Parties’ expense, all Uniform Commercial Code termination statements and similar documents that the Credit Parties shall reasonably request from time to time to evidence such termination. Any execution and
delivery of termination statements or documents pursuant to this Section 11.10(d) shall be without recourse to or warranty by the Administrative Agent. 

  
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 (e) Notwithstanding anything contained in any of the Loan Documents to the contrary, each
Lender and Issuing Bank hereby authorizes the Administrative Agent to, and the Administrative Agent hereby does, subject to the consummation of the Colgate Merger and the occurrence of the Colgate Merger Effective Date, (i) release Centennial
Resource Development as a Guarantor and (ii) release all Liens and security interests held by the Administrative Agent pursuant to this Agreement in the Property of Centennial Resource Development. Each Lender and Issuing Bank hereby authorizes
the Administrative Agent to execute and deliver to the Borrower, at the Borrower’s sole cost and expense, any and all releases of Liens, termination statements, assignments or other documents reasonably requested by the Borrower in connection
with the immediately preceding sentence. 
 Section 11.11 Agents. No Agent other than the Administrative Agent shall have any
duties, responsibilities or liabilities under this Agreement and the other Loan Documents other than their duties, responsibilities and liabilities in their capacity as Lenders hereunder. 

Section 11.12 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, each Arranger and their respective
Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Parent, the Borrower or any other Credit 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 the Plan Asset Regulations) 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 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,
and the conditions for exemptive relief thereunder are and will continue to be satisfied in connection therewith, 
 (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 

  
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 (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
sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has not provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause (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, each Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the
benefit of the Parent, the Borrower or any other Credit Party, that: 
 (i) neither the Administrative Agent, or the Arranger 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, as amended from time
to time) 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 million, in each case as described in 29 CFR § 2510.3-21(c)(1)(i)(A)-(E), 
 (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, or the Arranger or any of 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 each Arranger hereby informs the Lenders that each such Person is not 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 has a financial interest in the transactions contemplated hereby in that such Person or an

  
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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. 
 Section 11.13 Intercreditor Agreement. Each of the Issuing Bank and
the Lenders (on behalf of themselves and their Affiliates) hereby authorize and direct the Administrative Agent to enter into, to the extent contemplated to be entered into pursuant to the Credit Agreement, any Intercreditor Agreement on behalf of
the Secured Parties and without any further consent, authorization or other action by such Secured Party so long as the form of such Intercreditor Agreement has been approved by the Majority Lenders in accordance with the definition of
“Intercreditor Agreement”. The Administrative Agent shall have the benefit of the provisions of Article XI of the Credit Agreement with respect to all actions taken by it pursuant to this Section 11.13 or
in accordance with the terms of any Intercreditor Agreement to the full extent thereof. In addition, each of the Issuing Bank and the Lenders (on behalf of themselves and their Affiliates) constituting at least the Majority Lenders hereby authorize
the Administrative Agent or any such successor (i) to execute or to enter into amendments of or supplements to, amendments and restatements of, waivers or other modifications of the Security Instruments, any Intercreditor Agreement and any
additional or replacement intercreditor agreements, in each case, in order to effect the subordination of, and to provide for certain additional rights, obligations and limitations in respect of, any Liens that are junior to the Liens securing the
Indebtedness and incurred as permitted by the Credit Agreement, (ii) to establish certain relative rights as between the holders of the Indebtedness and the holders of the Debt secured by such Liens that are junior to the Liens securing the
Indebtedness and (iii) any amendments, supplements or other modifications of any Security Instrument to add or remove any legend that may be required pursuant to any Intercreditor Agreement. Each of the Issuing Bank and the Lenders (on behalf
of themselves and their Affiliates) constituting at least the Majority Lenders hereby irrevocably (i) consents to the treatment of Liens to be provided for under any Intercreditor Agreement, (ii) agrees that, upon the execution and
delivery thereof, such Secured Party will be bound by the provisions of any Intercreditor Agreement as if it were a signatory thereto and will take no actions contrary to the provisions of any Intercreditor Agreement, (iii) agrees that no
Secured Party shall have any right of action whatsoever against the Administrative Agent as a result of any action taken by the Administrative Agent pursuant to this Section or in accordance with the terms of any Intercreditor Agreement and
(iv) authorizes and directs the Administrative Agent to carry out the provisions and intent of any Intercreditor Agreement. 

  
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 Section 11.14 Erroneous Payments. 

(a) Each Lender hereby agrees that (i) if the Administrative Agent notifies such Lender that the Administrative Agent has determined in
its sole discretion that any funds received by such Lender from the Administrative Agent or any of its Affiliates (whether as a payment, prepayment or repayment of principal, interest, fees or otherwise, individually and collectively, a
“Payment”) were erroneously transmitted to such Lender (whether or not known to such Lender), and demands the return of such Payment (or a portion thereof), such Lender shall promptly, but in no event later than one
(1) Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including
the date such Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation from time to time in effect, and (ii) to the extent permitted by applicable law, such Lender shall not assert, and hereby waives, as to the Administrative Agent, any claim, counterclaim, defense or right
of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Payments received, including without limitation any defense based on “discharge
for value” or any similar doctrine. A notice from the Administrative Agent to any Lender under this Section 11.14 shall be conclusive, absent manifest error. 

(b) Each Lender hereby further agrees that if it receives a Payment from the Administrative Agent or any of its Affiliates (i) that is in
a different amount than, or on a different date from, that specified in a notice of payment sent by the Administrative Agent (or any of its Affiliates) with respect to such Payment (a “Payment Notice”) or (ii) that was
not preceded or accompanied by a Payment Notice, it shall be on notice, in each such case, that an error has been made with respect to such Payment. Each Lender agrees that, in each such case, or if it otherwise becomes aware a Payment (or portion
thereof) may have been sent in error, such Lender shall promptly notify the Administrative Agent of such occurrence and, upon demand from the Administrative Agent, it shall promptly, but in no event later than one (1) Business Day thereafter,
return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion
thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation
from time to time in effect. 
 (c) The Borrower hereby agrees that (i) in the event an erroneous Payment (or portion thereof) is not
recovered from any Lender that has received such Payment (or portion thereof) for any reason, the Administrative Agent shall be subrogated to all the rights of such Lender with respect to such amount and (ii) an erroneous Payment shall not pay,
prepay, repay, discharge or otherwise satisfy any Indebtedness owed by the Borrower or any other Credit Party, except, in each case, to the extent such erroneous Payment (or any portion thereof) is, and solely with respect to the amount of such
erroneous Payment that is, comprised of funds of the Borrower or any other Credit Party. 
 (d) Each party’s obligations under this
Section 11.14 shall survive the resignation or replacement of the Administrative Agent or any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments or the repayment,
satisfaction or discharge of all Indebtedness under any Loan Document. 

  
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 ARTICLE XII 

MISCELLANEOUS 

Section 12.01 Notices. 

(a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to
Section 12.01(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 facsimile, as
follows: 
 (i) if to the Borrower, to it at 1001 17th Street, Suite 1800, Denver,
Colorado 80202, Attention: George Glyphis (gglyphis@cdevinc.com; Facsimile No. (303) 845-9516); 

(ii) If to the Administrative Agent or Issuing Bank, to it at JPMorgan Chase Bank, N.A., 10 South Dearborn, Floor 7, IL1 0010, Chicago,
Illinois 60603, Attention of Loan and Agency Services, (Facsimile No. (888) 292-9533), with a copy to JPMorgan Chase Bank, N.A., 712 Main Street, 5th Floor, Mail Code:
TX2-S038, Houston, Texas 77002, Attention of Michael Kamauf, and for all correspondence other than borrowings, continuation, conversion and Letter of Credit requests, 1125 17th Street, Floor 3, Denver,
Colorado 80202, Attention: Ryan Fuessel; and 
 (iii) if to any other Lender, to it at its address (or facsimile number) set forth
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 facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the
next business day for the recipient). Notices delivered through electronic communications, to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b). 

(b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communications pursuant to procedures
approved by the Administrative Agent and the applicable Lender; provided that the foregoing shall not apply to notices by the Borrower to the Administrative Agent or the Lenders pursuant to Article II, Article III, Article
IV and Article V unless otherwise agreed by the Administrative Agent and the applicable Lender, if any. 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. 

(c) Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice to the other parties
hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. 

  
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 Section 12.02 Waivers; Amendments. 

(a) No failure on the part of the Administrative Agent, any other Agent, the Issuing Bank or any Lender to exercise and no delay in exercising,
and no course of dealing with respect to, any right, power or privilege, or any abandonment or discontinuance of steps to enforce such right, power or privilege, under any of the Loan Documents shall operate as a waiver thereof, nor shall any single
or partial exercise of any right, power or privilege under any of the Loan Documents preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies of the Administrative Agent, any
other Agent, the Issuing Bank and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or any other Loan
Document or consent to any departure by the Borrower therefrom shall in any event be effective unless the same shall be permitted by Section 12.02(b), and then such waiver or consent shall be effective only in the specific
instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent,
any other Agent, any Lender or the Issuing Bank may have had notice or knowledge of such Default at the time. 
 (b) Subject to
Section 3.03, neither this Agreement nor any provision hereof nor any Security Instrument nor any provision thereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by
the Borrower and the Majority Lenders or by the Borrower and the Administrative Agent with the consent of the Majority Lenders; provided that no such agreement (including, for the avoidance of doubt, any New Borrowing Base Notice) shall
(i) increase the Commitments or the Maximum Credit Amount of any Lender without the written consent of such Lender, (ii) increase the Borrowing Base without the written consent of each Lender (other than any Defaulting Lender), decrease or
maintain the Borrowing Base without the consent of the Required Lenders, or modify Section 2.07(c) in any manner that results in an increase in the Borrowing Base without the consent of each Lender (other than any
Defaulting Lender) except as expressly contemplated by the Agreement with respect to the commencement or termination of any Investment Grade Period; provided that a Borrowing Base redetermination may be delayed by the Required Lenders (but in
no event shall any such Borrowing Base redetermination be delayed past the next Scheduled Redetermination without the consent of all Lenders); provided, further, that it is understood that any waiver (or amendment or modification that
would have the effect of a waiver) of the right of the Required Lenders to adjust (through a reduction of) the Borrowing Base or the amount of such adjustment in the form of a reduction to the Borrowing Base pursuant to
Section 2.07(e), Section 8.13(c) or Section 9.12(e)(v) in connection with the occurrence of a relevant event giving rise to such right shall require the consent of the
Required Lenders, (iii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, or reduce any other Indebtedness hereunder or under any other Loan Document,
without the written consent of each Lender affected thereby provided, however, that only the consent of the Majority Lenders shall be necessary to waive any obligation of the Borrower to pay interest or fees at the default rate of
interest provided in Section 3.02(c), (iv) postpone the scheduled date of payment or prepayment of the principal amount of any Loan or LC Disbursement (excluding mandatory prepayments pursuant to
Section 3.04(c) to the extent that the event triggering such mandatory prepayment has not yet occurred), or any interest thereon, or any fees payable hereunder, or any other Indebtedness hereunder or under any other Loan
Document, or reduce the amount of, waive or excuse any such payment, or postpone or extend the Maturity Date or the Termination Date without the written 

  
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consent of each Lender affected thereby, (v) (A) change Section 4.01(b) or Section 4.01(c) in a manner that would alter the pro rata
sharing of payments required thereby, (B) subordinate any of the Indebtedness owed to the Lenders in right of payment or (C) subordinate any of the Liens securing the Indebtedness owed to the Lenders (except as otherwise set forth in
Section 11.10), in each case, without the written consent of each Lender, (vi) waive or amend Section 6.01, Section 10.02(c) or
Section 12.14 or change the definition of the terms “Domestic Subsidiary”, “Foreign Subsidiary”, or “Subsidiary”, without the written consent of each Lender (other than any Defaulting Lender),
(vii) release any Guarantor (except as set forth in Section 11.10 or in the Guaranty Agreement), release all or substantially all of the collateral (other than as provided in Section 11.10), or
reduce the percentage set forth in the definition of “Mortgage Coverage Requirement” to less than eighty-five (85%), without the written consent of each Lender (other than any Defaulting Lender), or (viii) change any of the provisions
of this Section 12.02(b) or the definitions of “Majority Lenders” or “Required Lenders” or any other provision hereof specifying the number, percentage or class of Lenders required to waive, amend or
modify any rights hereunder or under any other Loan Documents or make any determination or grant any consent hereunder or any other Loan Documents, without the written consent of each Lender (other than any Defaulting Lender); provided,
further, that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, any other Agent, or the Issuing Bank hereunder or under any other Loan Document without the prior written consent of the
Administrative Agent, such other Agent or the Issuing Bank, as the case may be. Notwithstanding the foregoing, (w) any supplement to Schedule 7.14 (Subsidiaries) shall be effective simply by delivering to the
Administrative Agent a supplemental schedule clearly marked as such and, upon receipt, the Administrative Agent will promptly deliver a copy thereof to the Lenders, (x) the Borrower and the Administrative Agent may amend this Agreement or any
other Loan Document without the consent of any of the Lenders in order to correct, amend or cure any ambiguity, omission, inconsistency, illegality, mistake or defect therein, or correct any typographical error or other manifest error in any Loan
Document or otherwise effectuate the intent of the parties hereto, (y) the Administrative Agent and the Borrower (or other applicable Credit Party) may enter into any amendment, modification or waiver of this Agreement or any other Loan
Document or enter into any new Loan Document or other agreement or instrument to effect the granting, perfection, protection, expansion or enhancement of any Lien to secure, or the guarantee of, the Indebtedness for the benefit of the Secured
Parties or as required by any Governmental Requirement to give effect to, protect or otherwise enhance the rights or benefits of the Secured Parties under the Loan Documents, in each case without the consent of any Lender, and (z) the
Administrative Agent and the Borrower (or other applicable Credit Party) may enter into an amendment, modification or waiver of this Agreement or of any other Loan Document or enter into any agreement or instrument to join additional Persons as
Credit Parties pursuant to the terms thereof. 
 Section 12.03 Expenses, Indemnity; Damage Waiver. 

(a) The Borrower shall pay (i) all reasonable
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including, without limitation, the reasonable fees, charges and disbursements of counsel
and other outside consultants for the Administrative Agent, the reasonable travel, photocopy, mailing, courier, telephone and other similar expenses, and the cost of environmental invasive and non-invasive
assessments and audits and surveys and appraisals, in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration (both before and after the

  
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execution hereof and including advice of counsel to the Administrative Agent as to the rights and duties of the Administrative Agent and the Lenders with respect thereto) of this Agreement and
the other Loan Documents and any amendments, modifications or waivers of or consents related to the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket costs, expenses, Taxes, assessments and other charges incurred by the Administrative Agent in connection with any filing, registration, recording or perfection
of any security interest contemplated by this Agreement or any Security Instrument or any other document referred to therein, (iii) all reasonable out-of-pocket
expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iv) all
out-of-pocket expenses incurred by any Agent or the Issuing Bank, including the fees, charges and disbursements of any counsel for any Agent or the Issuing Bank, in
connection with the enforcement or protection of its rights in connection with this Agreement or any other Loan Document, including its rights under this Section 12.03, or in connection with the Loans made or Letters of
Credit issued hereunder, including, without limitation, all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such
Loans or Letters of Credit. The Borrower also agrees to pay, during the continuance of an Event of Default, all reasonable out-of-pocket expenses of one additional legal
counsel representing the Lenders as a group to the extent such legal fees are incurred by the Lenders in connection with the enforcement or protection of their rights in connection with this Agreement or any other Loan Document, including their
rights under this Section 12.03. 
 (b) THE BORROWER SHALL INDEMNIFY EACH AGENT, EACH ARRANGER, THE ISSUING BANK
AND EACH LENDER, AND EACH RELATED PARTY OF ANY OF THE FOREGOING PERSONS (EACH SUCH PERSON BEING CALLED AN “INDEMNITEE”) AGAINST, AND DEFEND AND HOLD EACH INDEMNITEE HARMLESS FROM, ANY AND ALL LOSSES, CLAIMS, DAMAGES,
PENALTIES, LIABILITIES AND RELATED EXPENSES, INCLUDING THE REASONABLE FEES, CHARGES AND DISBURSEMENTS OF ANY COUNSEL FOR ANY INDEMNITEE, INCURRED BY OR ASSERTED AGAINST ANY INDEMNITEE ARISING OUT OF, IN CONNECTION WITH, OR AS A RESULT OF
(i) THE EXECUTION OR DELIVERY OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY OR THEREBY, THE PERFORMANCE BY THE PARTIES HERETO OR THE PARTIES TO ANY OTHER LOAN DOCUMENT OF THEIR RESPECTIVE
OBLIGATIONS HEREUNDER OR THEREUNDER OR THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED HEREBY OR BY ANY OTHER LOAN DOCUMENT, (ii) THE FAILURE OF THE PARENT, THE BORROWER OR ANY OTHER RESTRICTED SUBSIDIARY TO COMPLY WITH THE TERMS OF ANY LOAN
DOCUMENT, INCLUDING THIS AGREEMENT, OR WITH ANY GOVERNMENTAL REQUIREMENT, (iii) ANY INACCURACY OF ANY REPRESENTATION OR ANY BREACH OF ANY WARRANTY OR COVENANT OF THE BORROWER OR ANY GUARANTOR SET FORTH IN ANY OF THE LOAN DOCUMENTS OR ANY
INSTRUMENTS, DOCUMENTS OR CERTIFICATIONS DELIVERED IN CONNECTION THEREWITH, (iv) ANY LOAN OR LETTER OF CREDIT OR THE USE OF THE PROCEEDS THEREFROM, INCLUDING, WITHOUT LIMITATION, (A) ANY REFUSAL BY THE ISSUING BANK TO HONOR A DEMAND FOR
PAYMENT UNDER A LETTER OF CREDIT IF THE DOCUMENTS PRESENTED IN CONNECTION WITH SUCH DEMAND DO NOT 

  
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STRICTLY COMPLY WITH THE TERMS OF SUCH LETTER OF CREDIT, OR (B) THE PAYMENT OF A DRAWING UNDER ANY LETTER OF CREDIT NOTWITHSTANDING THE
NON-COMPLIANCE, NON-DELIVERY OR OTHER IMPROPER PRESENTATION OF THE DOCUMENTS PRESENTED IN CONNECTION THEREWITH, (v) ANY OTHER ASPECT OF THE LOAN DOCUMENTS,
(vi) THE OPERATIONS OF THE BUSINESS OF THE PARENT AND ITS RESTRICTED SUBSIDIARIES BY THE PARENT AND ITS RESTRICTED SUBSIDIARIES, (vii) ANY ASSERTION THAT THE LENDERS WERE NOT ENTITLED TO RECEIVE THE PROCEEDS RECEIVED PURSUANT TO THE
SECURITY INSTRUMENTS, (viii) ANY ENVIRONMENTAL LAW APPLICABLE TO THE PARENT OR ANY RESTRICTED SUBSIDIARY OR ANY OF THEIR PROPERTIES OR OPERATIONS, INCLUDING, THE PRESENCE, GENERATION, STORAGE, RELEASE, THREATENED RELEASE, USE, TRANSPORT,
DISPOSAL, ARRANGEMENT OF DISPOSAL OR TREATMENT OF HAZARDOUS MATERIALS ON OR AT ANY OF THEIR PROPERTIES, (ix) THE BREACH OR NON-COMPLIANCE BY THE PARENT OR ANY RESTRICTED SUBSIDIARY WITH ANY ENVIRONMENTAL
LAW APPLICABLE TO THE PARENT OR ANY RESTRICTED SUBSIDIARY, (x) THE PAST OWNERSHIP BY THE PARENT OR ANY RESTRICTED SUBSIDIARY OF ANY OF THEIR PROPERTIES OR PAST ACTIVITY ON ANY OF THEIR PROPERTIES WHICH, THOUGH LAWFUL AND FULLY PERMISSIBLE AT
THE TIME, COULD RESULT IN PRESENT LIABILITY, (xi) THE PRESENCE, USE, RELEASE, STORAGE, TREATMENT, DISPOSAL, GENERATION, THREATENED RELEASE, TRANSPORT, ARRANGEMENT FOR TRANSPORT OR ARRANGEMENT FOR DISPOSAL OF HAZARDOUS MATERIALS ON OR AT ANY OF
THE PROPERTIES OWNED OR OPERATED BY THE PARENT OR ANY RESTRICTED SUBSIDIARY OR ANY ACTUAL OR ALLEGED PRESENCE OR RELEASE OF HAZARDOUS MATERIALS ON OR FROM ANY PROPERTY OWNED OR OPERATED BY THE PARENT OR ANY OF ITS RESTRICTED SUBSIDIARIES,
(xii) ANY ENVIRONMENTAL LIABILITY RELATED IN ANY WAY TO THE PARENT OR ANY OF ITS RESTRICTED SUBSIDIARIES, OR (xiii) ANY OTHER ENVIRONMENTAL, HEALTH OR SAFETY CONDITION IN CONNECTION WITH THE LOAN DOCUMENTS, OR (xiv) ANY ACTUAL OR
PROSPECTIVE CLAIM, LITIGATION, INVESTIGATION OR PROCEEDING RELATING TO ANY OF THE FOREGOING, WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY AND REGARDLESS OF WHETHER ANY INDEMNITEE IS A PARTY THERETO, AND SUCH INDEMNITY SHALL EXTEND TO EACH
INDEMNITEE NOTWITHSTANDING THE SOLE OR CONCURRENT NEGLIGENCE OF EVERY KIND OR CHARACTER WHATSOEVER, WHETHER ACTIVE OR PASSIVE, WHETHER AN AFFIRMATIVE ACT OR AN OMISSION, INCLUDING WITHOUT LIMITATION, ALL TYPES OF NEGLIGENT CONDUCT IDENTIFIED IN THE
RESTATEMENT (SECOND) OF TORTS OF ONE OR MORE OF THE INDEMNITEES OR BY REASON OF STRICT LIABILITY IMPOSED WITHOUT FAULT ON ANY ONE OR MORE OF THE INDEMNITEES; provided THAT SUCH INDEMNITY SHALL NOT, AS TO ANY INDEMNITEE, BE AVAILABLE TO THE
EXTENT THAT SUCH LOSSES, CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES (X) ARE DETERMINED BY A COURT OF COMPETENT JURISDICTION BY FINAL AND NONAPPEALABLE JUDGMENT TO HAVE RESULTED FROM THE GROSS NEGLIGENCE, BAD FAITH OR WILLFUL MISCONDUCT OF
SUCH INDEMNITEE OR (Y) RESULT FROM A CLAIM BROUGHT BY THE BORROWER, THE PARENT OR ANY OF ITS SUBSIDIARIES AGAINST AN INDEMNITEE FOR BREACH IN BAD FAITH OF SUCH 

  
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INDEMNITEE’S OBLIGATIONS HEREUNDER OR UNDER ANY OTHER LOAN DOCUMENT, IF THE BORROWER, THE PARENT OR ANY OF ITS SUBSIDIARIES HAS OBTAINED A FINAL AND NONAPPEALABLE JUDGMENT IN ITS FAVOR ON
SUCH CLAIM AS DETERMINED BY A COURT OF COMPETENT JURISDICTION. THIS SECTION 12.03(B) SHALL NOT APPLY WITH RESPECT TO TAXES OTHER THAN ANY TAXES THAT REPRESENT LOSSES, CLAIMS, DAMAGES, ETC. ARISING FROM ANY
NON-TAX CLAIM. 
 (c) To the extent that the Borrower fails to pay any amount required to be paid by
it to any Agent, the Arranger or the Issuing Bank under Section 12.03(a) or (b), each Lender severally agrees to pay to such Agent, such Arranger or the Issuing Bank, as the case may be, such Lender’s Applicable
Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as
the case may be, was incurred by or asserted against such Agent, such Arranger or the Issuing Bank in its capacity as such. 
 (d) All
amounts due under this Section 12.03 shall be payable promptly after written demand therefor. 
 (e) No Indemnitee
shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement
or the other Loan Documents or the transactions contemplated hereby or thereby, other than to the extent that such damages are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence, bad faith or willful misconduct of such Indemnitee. 
 Section 12.04 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 (including any Affiliate of the Issuing Bank that issues any Letter of Credit), except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written
consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this
Section 12.04. 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 (including any Affiliate
of the Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in Section 12.04(c)) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the
Issuing Bank and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement, and except for the foregoing Persons there are no third party beneficiaries to this Agreement. 

  
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 (b) (i) Subject to the conditions set forth in
Section 12.04(b)(ii), any Lender may 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 at the time owing to it)
with the prior written consent (such consent not to be unreasonably withheld) of: 
 (A) the Borrower, provided that no consent of
the Borrower shall be required if such assignment is to a Lender, an Affiliate of a Lender, an Approved Fund or, if an Event of Default has occurred and is continuing; and 

(B) the Administrative Agent, provided that no consent of the Administrative Agent shall be required for an assignment to an assignee
that is a Lender immediately prior to giving effect to such assignment. 
 (ii) Assignments shall be subject to the following additional
conditions: 
 (A) except in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining
amount of the assigning Lender’s Commitment or Loans, the amount of the Commitment or 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) shall not be less than $5,000,000 unless each of the Borrower and the Administrative Agent otherwise consent, provided that no such consent of the Borrower shall be required if an Event of Default has
occurred and is continuing; 
 (B) each total and partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement, including, without limitation, its Commitment, Maximum Credit Amount, LC Exposure, participations in Letters of Credit, and outstanding Loans; 

(C) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a
processing and recordation fee of $3,500; 
 (D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an
Administrative Questionnaire; and 
 (E) in no event may any Lender assign all or a portion of its rights and obligations under this
Agreement to a natural person, a holding company, investment vehicle or trust for own owned and operated for the primary benefit of a natural person, a Defaulting Lender, an Industry Competitor or to the Borrower or any Affiliate of the Borrower.

 (iii) Subject to Section 12.04(b)(iv) and the acceptance and recording thereof by the Administrative Agent,
from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender
under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption
covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Section 5.01,
Section 5.02, Section 5.03 and Section 12.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this
Section 12.04 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 12.04(c). 

  
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 (iv) The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and
the Maximum Credit Amount and Elected Commitment of, and principal amount (and stated interest) of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The
entries in the Register shall be conclusive, and the Borrower, the Administrative Agent, the Issuing Bank and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all
purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower, the Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice. In
connection with any changes to the Register, if necessary, the Administrative Agent will reflect the revisions on Annex I and forward a copy of such revised Annex I to the Borrower, the Issuing Bank and each Lender. 

(v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s
completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in Section 12.04(b) and any written consent to such assignment required by
Section 12.04(b), the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it
has been recorded in the Register as provided in this Section 12.04(b). 
 (c) (i) Any Lender may, without the
consent of the Borrower, the Administrative Agent or the Issuing Bank, sell participations to one or more banks or other Persons (a “Participant”) in all or a portion of such Lender’s rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the
other parties hereto for the performance of such obligations, (C) the Borrower, the Administrative Agent, the Issuing Bank and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s
rights and obligations under this Agreement and (D) no participation may be sold to the Borrower, any Affiliate of the Borrower, any natural person or any Industry Competitor. 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, modification or waiver described in the first proviso to Section 12.02(b) that affects such Participant. In addition such agreement
must provide that the Participant be bound by the provisions of Section 12.03. Subject to Section 12.04(c)(ii), the Borrower agrees that each Participant shall be entitled to the benefits of
Section 5.01, Section 5.02 and Section 5.03 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to
Section 12.04(b). To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 12.08 as though it were a 

  
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Lender, provided such Participant agrees to be subject to Section 4.01(c) 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. 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. 

(ii) Each Participant agrees (A) to be subject to the provisions of Section 5.03 (subject to the requirements
and limitations therein, including the requirements under Section 5.03(f) (it being understood that the documentation required under Section 5.03(f) shall be delivered to the participating Lender))
as if it were an assignee under paragraph (b) of this Section; and (B) that it shall not be entitled to receive any greater payment under Sections 5.01 or 5.03, with respect to any participation,
than its participating Lender would have been entitled to receive, 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. 

(d) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including, without limitation, any pledge or assignment to secure obligations to a Federal Reserve Bank or other central bank having jurisdiction over such Lender, and this Section 12.04 shall
not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for
such Lender as a party hereto. 
 (e) Notwithstanding any other provisions of this Section 12.04, no transfer or
assignment of the interests or obligations of any Lender or any grant of participations therein shall be permitted if such transfer, assignment or grant would require any Credit Party to file a registration statement with the SEC or to qualify the
Loans under the “Blue Sky” laws of any state. 
 Section 12.05 Survival; Revival; Reinstatement. 

(a) All covenants, agreements, representations and warranties made by the Borrower herein and in the certificates or other instruments
delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the making of any Loans
and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, 

  
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any other Agent, the Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall
continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and so long as the
Commitments have not expired or terminated. The provisions of Section 5.01, Section 5.02, Section 5.03 and Section 12.03 and Article XI
shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of
this Agreement, any other Loan Document or any provision hereof or thereof. 
 (b) To the extent that any payments on the Indebtedness or
proceeds of any collateral are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, debtor in possession, receiver or other Person under any bankruptcy law, common law or equitable
cause, then to such extent, the Indebtedness so satisfied shall be revived and continue as if such payment or proceeds had not been received and the Administrative Agent’s and the Lenders’ Liens, security interests, rights, powers and
remedies under this Agreement and each Loan Document shall continue in full force and effect. In such event, each Loan Document shall be automatically reinstated and the Borrower shall take such action as may be reasonably requested by the
Administrative Agent and the Lenders to effect such reinstatement. 
 Section 12.06 Counterparts; Integration; Effectiveness.

 (a) 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. 
 (b) This Agreement, the other Loan
Documents and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and thereof and supersede any and all previous agreements
and understandings, oral or written, relating to the subject matter hereof and thereof. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND THERETO AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
 (c)
Except as provided in Section 6.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when
taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a
signature page of this Agreement by facsimile or other electronic transmission (e.g. .pdf) shall be effective as delivery of a manually executed counterpart of this Agreement. 

  
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 Section 12.07 Severability. Any provision of this Agreement or any other Loan
Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of
the remaining provisions hereof or thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

Section 12.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its
Affiliates is hereby authorized at any time and from time to time, 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 and other obligations
(of whatsoever kind, including, without limitations obligations under Swap Agreements) at any time owing by such Lender or Affiliate to or for the credit or the account of the Parent or any Restricted Subsidiary against any of and all the
obligations of the Parent or any Restricted Subsidiary owed to such Lender now or hereafter existing under this Agreement or any other Loan Document, irrespective of whether or not such Lender shall have made any demand under this Agreement or any
other Loan Document and although such obligations may be unmatured; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the
Administrative Agent for further application in accordance with the provisions of Sections 2.08(l) and 3.05(d), and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for
the benefit of the Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the obligations owing to such Defaulting Lender as to which it
exercised such right of setoff. The rights of each Lender under this Section 12.08 are in addition to other rights and remedies (including other rights of setoff) which such Lender or its Affiliates may have. Each Lender
and Issuing Bank agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application. 

SECTION 12.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS. 

(a) THIS AGREEMENT AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK EXCEPT TO THE EXTENT
THAT UNITED STATES FEDERAL LAW PERMITS ANY LENDER TO CONTRACT FOR, CHARGE, RECEIVE, RESERVE OR TAKE INTEREST AT THE RATE ALLOWED BY THE LAWS OF THE STATE WHERE SUCH LENDER IS LOCATED. 

(b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THE LOAN DOCUMENTS MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED
STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK AND ANY APPELLATE COURT FROM ANY THEREOF, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH PARTY HEREBY ACCEPTS FOR ITSELF AND (TO THE EXTENT PERMITTED BY LAW) IN RESPECT OF ITS PROPERTY,
GENERALLY AND UNCONDITIONALLY, THE NON-EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS. EACH PARTY HEREBY IRREVOCABLY 

  
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WAIVES ANY OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF
ANY SUCH ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS. THIS SUBMISSION TO JURISDICTION IS NON-EXCLUSIVE AND DOES NOT PRECLUDE A PARTY FROM OBTAINING JURISDICTION OVER ANOTHER PARTY IN ANY COURT
OTHERWISE HAVING JURISDICTION. 
 (c) EACH PARTY IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OF ANY OF THE AFOREMENTIONED COURTS IN ANY
SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO IT AT THE ADDRESS SPECIFIED IN SECTION 12.01 OR SUCH OTHER ADDRESS AS IS SPECIFIED PURSUANT TO
SECTION 12.01 (OR ITS ASSIGNMENT AND ASSUMPTION). NOTHING HEREIN SHALL AFFECT THE RIGHT OF A PARTY OR ANY HOLDER OF A NOTE TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE
PROCEED AGAINST ANOTHER PARTY IN ANY OTHER JURISDICTION. 
 (d) EACH PARTY HEREBY (i) IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY LAW, TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN; (ii) IRREVOCABLY WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY
RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY SUCH LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES, OR DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES; provided THAT NOTHING CONTAINED IN THIS
SECTION 12.09(d)(ii) SHALL LIMIT THE BORROWER’S INDEMNIFICATION OBLIGATIONS TO THE EXTENT SET FORTH IN SECTION 12.03 TO THE EXTENT SUCH SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES
ARE INCLUDED IN ANY THIRD PARTY CLAIM IN CONNECTION WITH WHICH SUCH INDEMNITEE IS OTHERWISE ENTITLED TO INDEMNIFICATION HEREUNDER; (iii) CERTIFIES THAT NO PARTY HERETO NOR ANY REPRESENTATIVE OR AGENT OR COUNSEL FOR ANY PARTY HERETO HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, OR IMPLIED THAT SUCH PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (iv) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT, THE LOAN DOCUMENTS AND
THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS CONTAINED IN THIS SECTION 12.09. 

Section 12.10 Headings. Article and Section headings and the Table of Contents 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. 

  
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 Section 12.11 Confidentiality. Each of the Administrative Agent, the Issuing
Bank and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants,
legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested
by any regulatory authority having jurisdiction over such Administrative Agent, Issuing Bank or Lender, (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 or any other Loan Document, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement
of rights hereunder or thereunder, (f) subject to an agreement for the express benefit of the Borrower containing provisions substantially the same as those of this Section 12.11, to (i) any assignee of or
Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any Swap Agreement relating to the Borrower and its
obligations, (g) with the consent of the Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section 12.11 or (ii) becomes available
to the Administrative Agent, the Issuing Bank or any Lender on a nonconfidential basis from a source other than the Borrower. For the purposes of this Section 12.11, “Information” means all information
received from the Parent or any Restricted Subsidiary relating to the Parent or any Restricted Subsidiary and their businesses, other than any such information that is available to the Administrative Agent, the Issuing Bank or any Lender on a
nonconfidential basis prior to disclosure by the Parent or a Restricted Subsidiary; provided that, in the case of information received from the Parent or any Restricted Subsidiary after the date hereof, such information is clearly identified
at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section 12.11 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. Notwithstanding anything herein to the contrary, “Information” shall not include,
and the Parent, the Parent’s Subsidiaries, the Administrative Agent, each Lender and the respective Affiliates of each of the foregoing (and the respective partners, directors, officers, employees, agents, advisors and other representatives of
the aforementioned Persons), and any other party, may disclose to any and all Persons, without limitation of any kind (a) any information with respect to the United States federal and state income tax treatment of the transactions contemplated
hereby and any facts that may be relevant to understanding the United States federal or state income tax treatment of such transactions (“tax structure”), which facts shall not include for this purpose the names of the parties or any other
person named herein, or information that would permit identification of the parties or such other persons, or any pricing terms or other nonpublic business or financial information that is unrelated to such tax treatment or tax structure, and
(b) all materials of any kind (including opinions or other tax analyses) that are provided to the Borrower, the Administrative Agent or such Lender relating to such tax treatment or tax structure. 

Section 12.12 Interest Rate Limitation. It is the intention of the parties hereto that each Lender shall conform strictly to usury
laws applicable to it. Accordingly, if the transactions contemplated hereby would be usurious as to any Lender under laws applicable to it (including the laws of the United States of America, any State therein, or any other jurisdiction whose laws
may be mandatorily applicable to such Lender notwithstanding the other provisions of this Agreement), then, in that event, notwithstanding anything to the contrary in any of the Loan Documents or any

  
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agreement entered into in connection with or as security for the Notes, it is agreed as follows: (i) the aggregate of all consideration which constitutes interest under law applicable to any
Lender that is contracted for, taken, reserved, charged or received by such Lender under any of the Loan Documents or agreements or otherwise in connection with the Notes shall under no circumstances exceed the maximum amount allowed by such
applicable law, and any excess shall be canceled automatically and if theretofore paid shall be credited by such Lender on the principal amount of the Indebtedness (or, to the extent that the principal amount of the Indebtedness shall have been or
would thereby be paid in full, refunded by such Lender to the Borrower); and (ii) in the event that the maturity of the Notes is accelerated by reason of an election of the holder thereof resulting from any Event of Default under this Agreement
or otherwise, or in the event of any required or permitted prepayment, then such consideration that constitutes interest under law applicable to any Lender may never include more than the maximum amount allowed by such applicable law, and excess
interest, if any, provided for in this Agreement or otherwise shall be canceled automatically by such Lender as of the date of such acceleration or prepayment and, if theretofore paid, shall be credited by such Lender on the principal amount of the
Indebtedness (or, to the extent that the principal amount of the Indebtedness shall have been or would thereby be paid in full, refunded by such Lender to the Borrower). All sums paid or agreed to be paid to any Lender for the use, forbearance or
detention of sums due hereunder shall, to the extent permitted by law applicable to such Lender, be amortized, prorated, allocated and spread throughout the stated term of the Loans until payment in full so that the rate or amount of interest on
account of any Loans hereunder does not exceed the maximum amount allowed by such applicable law. If at any time and from time to time (i) the amount of interest payable to any Lender on any date shall be computed at the Highest Lawful Rate
applicable to such Lender pursuant to this Section 12.12 and (ii) in respect of any subsequent interest computation period the amount of interest otherwise payable to such Lender would be less than the amount of
interest payable to such Lender computed at the Highest Lawful Rate applicable to such Lender, then the amount of interest payable to such Lender in respect of such subsequent interest computation period shall continue to be computed at the Highest
Lawful Rate applicable to such Lender until the total amount of interest payable to such Lender shall equal the total amount of interest which would have been payable to such Lender if the total amount of interest had been computed without giving
effect to this Section 12.12. To the extent that Chapter 303 of the Texas Finance Code is relevant for the purpose of determining the Highest Lawful Rate applicable to a Lender, such Lender elects to determine the
applicable rate ceiling under such Chapter by the weekly ceiling from time to time in effect. Chapter 346 of the Texas Finance Code does not apply to the Borrower’s obligations hereunder. 

SECTION 12.13 EXCULPATION PROVISIONS. EACH OF THE PARTIES HERETO SPECIFICALLY AGREES THAT IT HAS A DUTY TO READ THIS AGREEMENT AND
THE OTHER LOAN DOCUMENTS AND AGREES THAT IT IS CHARGED WITH NOTICE AND KNOWLEDGE OF THE TERMS OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS; THAT IT HAS IN FACT READ THIS AGREEMENT AND IS FULLY INFORMED AND HAS FULL NOTICE AND KNOWLEDGE OF THE
TERMS, CONDITIONS AND EFFECTS OF THIS AGREEMENT; THAT IT HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL OF ITS CHOICE THROUGHOUT THE NEGOTIATIONS PRECEDING ITS EXECUTION OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS; AND HAS RECEIVED THE ADVICE
OF ITS ATTORNEY IN ENTERING INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS; AND THAT IT RECOGNIZES THAT CERTAIN OF THE TERMS OF THIS AGREEMENT AND 

  
 151 

 
THE OTHER LOAN DOCUMENTS RESULT IN ONE PARTY ASSUMING THE LIABILITY INHERENT IN SOME ASPECTS OF THE TRANSACTION AND RELIEVING THE OTHER PARTY OF ITS RESPONSIBILITY FOR SUCH LIABILITY. EACH PARTY
HERETO AGREES AND COVENANTS THAT IT WILL NOT CONTEST THE VALIDITY OR ENFORCEABILITY OF ANY EXCULPATORY PROVISION OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS ON THE BASIS THAT THE PARTY HAD NO NOTICE OR KNOWLEDGE OF SUCH PROVISION OR THAT THE
PROVISION IS NOT “CONSPICUOUS.” 
 Section 12.14 Collateral Matters; Swap Agreements. The benefit of the Security
Instruments and of the provisions of this Agreement relating to any collateral securing the Indebtedness shall also extend to and be available to the Secured Swap Providers, subject to the limitations in the above definition of “Secured
Swap Provider”. No Lender or Affiliate of a Lender shall have any voting or consent rights under any Loan Document in its capacity as a Secured Swap Provider or as a result of the existence of obligations owed to it under any Swap
Agreements. 
 Section 12.15 No Third Party Beneficiaries. This Agreement, the other Loan Documents, and the agreement of the
Lenders to make Loans and the Issuing Bank to issue, amend, renew or extend Letters of Credit hereunder are solely for the benefit of the Borrower, and no other Person (including, without limitation, any Subsidiary of the Parent (other than the
Borrower) or any obligor, contractor, subcontractor, supplier or materialsman) shall have any rights, claims, remedies or privileges hereunder or under any other Loan Document against the Administrative Agent, any other Agent, the Issuing Bank or
any Lender for any reason whatsoever. There are no third party beneficiaries other than as expressly provided herein with respect to Secured Swap Providers, Indemnitees (as provided in Section 12.03), and Participants (as
provided in Section 12.04). 
 Section 12.16 USA Patriot Act Notice. Each Lender hereby notifies the
Parent and the Borrower that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record information that identifies the Parent and the Borrower, which information includes the name and address of the Parent and
the Borrower and other information that will allow such Lender to identify the Parent and the Borrower in accordance with the USA Patriot Act. 

Section 12.17 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby
(including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each of the Parent and the Borrower acknowledges and agrees, and acknowledges the other Restricted Subsidiaries’ understanding,
that: (a) (i) no fiduciary, advisory or agency relationship between the Parent and its Restricted Subsidiaries and the Administrative Agent or any Lender is intended to be or has been created in respect of the transactions contemplated hereby
or by the other Loan Documents, irrespective of whether the Administrative Agent or any Lender has advised or is advising the Parent or any Restricted Subsidiary on other matters; (ii) the arranging and other services regarding this Agreement
provided by the Administrative Agent and the Lenders are arm’s-length commercial transactions between the Parent and its Restricted Subsidiaries, on the one hand, and the Administrative Agent and the
Lenders, on the other hand; (iii) the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent that it has deemed appropriate; and (iv) 

  
 152 

 
the Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; and (b) (i) the
Administrative Agent and the Lenders each is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Parent
or any of its Restricted Subsidiaries, or any other Person; (ii) neither the Administrative Agent nor the Lenders has any obligation to the Parent or any of its Restricted Subsidiaries with respect to the transactions contemplated hereby except
those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent and the Lenders and their respective Affiliates may be engaged, for their own accounts or the accounts of customers, in a broad
range of transactions that involve interests that differ from those of the Parent and its Restricted Subsidiaries, and neither the Administrative Agent nor the Lenders has any obligation to disclose any of such interests to the Parent or its
Restricted Subsidiaries. To the fullest extent permitted by law, the Borrower hereby waives and releases any claims that it may have against the Administrative Agent and the Lenders with respect to any breach or alleged breach of agency or fiduciary
duty in connection with any aspect of any transaction contemplated hereby. 
 Section 12.18 Amendment and Restatement. It is the
intention of the parties hereto that this Agreement amends, restates, supersedes and replaces the Existing A&R Credit Agreement in its entirety; provided, that, (a) such amendment and restatement shall operate to renew, amend,
modify, and extend all of the rights, duties, liabilities and obligations of the Borrower under the Existing A&R Credit Agreement and under the Existing Loan Documents, which rights, duties, liabilities and obligations are hereby renewed,
amended, modified and extended, and shall not act as a novation thereof, and (b) the Liens securing the Indebtedness under and as defined in the Existing A&R Credit Agreement and the rights, duties, liabilities and obligations of the
Borrower and the Guarantors under the Existing A&R Credit Agreement and the Existing Loan Documents to which they are a party shall not be extinguished but shall be carried forward and shall secure such Indebtedness, obligations and liabilities
as amended, renewed, extended and restated hereby. The parties hereto ratify and confirm each of the Existing Loan Documents entered into prior to the Effective Date (but excluding the Existing A&R Credit Agreement) and agree that such Existing
Loan Documents continue to be legal, valid, binding and enforceable in accordance with their terms (except to the extent amended, restated and/or superseded in connection with the transactions contemplated hereby), however, for all matters arising
prior to the Effective Date (including the accrual and payment of interest and fees, and matters relating to indemnification and compliance with financial covenants), the terms of the Existing A&R Credit Agreement (as unmodified by this
Agreement) shall control and are hereby ratified and confirmed. The Borrower represents and warrants that, as of the Effective Date, there are no claims or offsets against, or defenses or counterclaims to, its obligations (or the obligations of any
Guarantor) under the Existing A&R Credit Agreement or any of the other Existing Loan Documents. 
 Section 12.19 True-up Loans; Outstanding Eurodollar Loans. 
 (a) Upon the effectiveness of this Agreement,
(i) each Lender who holds Loans in an aggregate amount less than its Applicable Percentage (after giving effect to this amendment and restatement) of all Loans shall advance new Loans which shall be disbursed to the Administrative Agent and
used to repay Loans outstanding to each Lender who holds Loans in an aggregate amount greater than its Applicable Percentage of all Loans, (ii) each Lender’s 

  
 153 

 
participation in each Letter of Credit shall be automatically adjusted to equal its Applicable Percentage (after giving effect to this amendment and restatement), (iii) such other adjustments
shall be made as the Administrative Agent shall specify so that each Lender’s Revolving Credit Exposure equals its Applicable Percentage (after giving effect to this amendment and restatement) of the total Revolving Credit Exposures of all of
the Lenders and (iv) upon request by each applicable Lender, the Borrower shall be required to make any break funding payments owing to such Lender that are required under Section 5.02 of the Existing A&R Credit
Agreement as a result of the reallocation of Loans and adjustments described in this Section 12.19(a). 
 (b)
Notwithstanding anything to the contrary in this Agreement, all outstanding “Eurodollar Loans” (under and as defined in the Existing A&R Credit Agreement) immediately prior to the Effective Date shall, on the Effective Date, be
rearranged and converted into new Term Benchmark Loans with the Interest Periods indicated in the Borrowing Request delivered pursuant to Section 6.01(o) in connection with the reallocations and adjustments set forth in
this Section 12.19 (and the proceeds of which are used to repay any such Eurodollar Loans), and which Term Benchmark Loans shall thereafter be subject to the terms and conditions of this Agreement. 

Section 12.20 Acknowledgement and Consent to Bail-In of Affected 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 Affected Financial Institution arising under any
Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable 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 the applicable Resolution Authority to any such liabilities arising hereunder
which may be payable to it by any party hereto that is an Affected 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 Affected Financial Institution, its parent entity, undertaking, 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 the applicable Resolution Authority. 

Section 12.21 Exiting Lender. BMO Harris Bank, N.A., U.S. Bank, National Association and KeyBank, National Association
(collectively, the “Exiting Lenders”), hereby sell, assign, transfer and convey to the Lenders hereto, and each of the Lenders hereto hereby purchases and accepts, so much of the aggregate Commitments under, and Loans
outstanding under, the Existing A&R Credit Agreement such that, after giving effect to this Agreement (a) each Exiting Lender 

  
 154 

 
shall (i) be paid in full in cash for all amounts owing under the Existing A&R Credit Agreement as agreed and calculated by such Exiting Lender and the Administrative Agent in accordance
with the Existing A&R Credit Agreement, (ii) cease to be a “Lender” under the Existing A&R Credit Agreement and the “Loan Documents” as defined therein and (iii) relinquish its rights and be released from its
obligations under the Existing A&R Credit Agreement and the other “Loan Documents” as defined therein, and (b) the Maximum Credit Amount and Elected Commitment of each Lender shall be as set forth on Annex I hereto. The
foregoing assignments, transfers and conveyances are without recourse to each Exiting Lender and without any warranties whatsoever by the Administrative Agent or such Exiting Lender as to title, enforceability, collectability, documentation or
freedom from liens or encumbrances, in whole or in part, other than the warranty of such Exiting Lender that it has not previously sold, transferred, conveyed or encumbered such interests. The assignee Lenders and the Administrative Agent shall make
all appropriate adjustments in payments under the Existing A&R Credit Agreement, the “Notes” and the other “Loan Documents” thereunder for periods prior to the adjustment date among themselves. Each Exiting Lender is
executing this Agreement for the sole purpose of evidencing its agreement to this Section 12.21 only and for no other purpose and shall have no obligations under this Agreement except as set forth in this
Section 12.21. 
 Section 12.22 Acknowledgment Regarding Any Qualified QFCs.
To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Swap Agreements or any other agreement or instrument that is a QFC (such support “QFC Credit Support” and each such QFC a
“Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable
notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States): 

In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a
proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property
securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and
any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S.
Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than
such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is
understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support. 

  
 155 

 ANNEX I 

ALLOCATION OF MAXIMUM CREDIT AMOUNTS AND ELECTED COMMITMENTS 
  

													
	 Name of Lender
	  	Applicable
Percentage	 	 	Maximum Credit
Amount	 	  	Elected Commitment	 
	 JPMorgan Chase Bank, N.A.
	  	 	9.166666667	% 	 	$	275,000,000.00	 	  	$	137,500,000.00	 
	 Wells Fargo Bank, N.A.
	  	 	9.166666667	% 	 	$	275,000,000.00	 	  	$	137,500,000.00	 
	 Citibank, N.A.
	  	 	8.866666667	% 	 	$	266,000,000.00	 	  	$	133,000,000.00	 
	 Fifth Third Bank, National Association
	  	 	8.866666667	% 	 	$	266,000,000.00	 	  	$	133,000,000.00	 
	 Mizuho Bank, Ltd.
	  	 	8.866666667	% 	 	$	266,000,000.00	 	  	$	133,000,000.00	 
	 PNC Bank, National Association
	  	 	8.866666667	% 	 	$	266,000,000.00	 	  	$	133,000,000.00	 
	 Truist Bank
	  	 	8.866666667	% 	 	$	266,000,000.00	 	  	$	133,000,000.00	 
	 U.S. Bank National Association
	  	 	6.200000000	% 	 	$	186,000,000.00	 	  	$	93,000,000.00	 
	 Capital One, National Association
	  	 	6.200000000	% 	 	$	186,000,000.00	 	  	$	93,000,000.00	 
	 Comerica Bank
	  	 	6.200000000	% 	 	$	186,000,000.00	 	  	$	93,000,000.00	 
	 Credit Suisse AG, New York Branch
	  	 	6.200000000	% 	 	$	186,000,000.00	 	  	$	93,000,000.00	 
	 Regions Bank
	  	 	6.200000000	% 	 	$	186,000,000.00	 	  	$	93,000,000.00	 
	 Canadian Imperial Bank of Commerce, New York
	  	 	3.666666667	% 	 	$	110,000,000.00	 	  	$	55,000,000.00	 
	 Bank of America, N.A.
	  	 	2.666666667	% 	 	$	80,000,000.00	 	  	$	40,000,000.00	 
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	 	100.0000000	% 	 	$	3,000,000,000.00	 	  	$	1,500,000,000.00	 
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 

  
 ANNEX I - 1 

 ANNEX III 

LC ISSUANCE LIMITS 
  

					
	 Issuing Bank
	  	LC Issuance Limit	 
	 JPMorgan Chase Bank, N.A.
	  	$	40,000,000.00	 
	 Wells Fargo Bank, N.A.
	  	$	25,000,000.00	 
	 Citibank, N.A.
	  	$	15,000,000.00	 
	 Fifth Third Bank, National Association
	  	$	15,000,000.00	 
	 PNC Bank, National Association
	  	$	15,000,000.00	 
	 Truist Bank
	  	$	15,000,000.00	 

  
 ANNEX III - 1EX-10.1

 Exhibit 10.1 

Execution Version 
  

 
  

Published CUSIP Numbers: 
 Deal:
28176FAP0 
 Facility: 28176FAQ8 

Yen Sub-Facility: 28176FAS4 

Singapore Dollar Sub-Facility: 28176FAR6 

FIVE YEAR CREDIT AGREEMENT 

dated as of July 15, 2022 

among 
  
 

 
 EDWARDS LIFESCIENCES CORPORATION, 

as a Borrower 
 CERTAIN
SUBSIDIARIES, 
 as Borrowers 

BANK OF AMERICA, N.A., 
 as
Administrative Agent 
 JPMORGAN CHASE BANK, N.A., 

as Syndication Agent 
 MORGAN
STANLEY MUFG LOAN PARTNERS, LLC, 
 DEUTSCHE BANK SECURITIES INC., 

HSBC BANK USA, NATIONAL ASSOCIATION, 

and 
 U.S. BANK NATIONAL
ASSOCIATION, 
 as Co-Documentation Agents 

and 
 The Other Lenders Party
Hereto 
 BOFA SECURITIES, INC., 

and 
 JPMORGAN CHASE BANK,
N.A., 
 as 
 Joint Lead
Arrangers and Joint Bookrunners 
  
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I
	 	DEFINITIONS	  	 	1	 
			
	 SECTION 1.01
	 	Defined Terms	  	 	1	 
	 SECTION 1.02
	 	Classification of Loans and Borrowings	  	 	30	 
	 SECTION 1.03
	 	Terms Generally	  	 	30	 
	 SECTION 1.04
	 	Accounting Terms; GAAP	  	 	31	 
	 SECTION 1.05
	 	Exchange Rates	  	 	31	 
	 SECTION 1.06
	 	Redenomination of Certain Foreign Currencies	  	 	32	 
	 SECTION 1.07
	 	Accounting for Material Acquisitions and Material Dispositions	  	 	32	 
	 SECTION 1.08
	 	Additional Designated Foreign Currencies	  	 	32	 
	 SECTION 1.09
	 	Interest Rates	  	 	33	 
			
	 ARTICLE II
	 	THE CREDITS	  	 	33	 
			
	 SECTION 2.01
	 	Commitments	  	 	33	 
	 SECTION 2.02
	 	Loans and Borrowings	  	 	34	 
	 SECTION 2.03
	 	Requests for Revolving Committed Borrowings	  	 	35	 
	 SECTION 2.04
	 	Reserved	  	 	36	 
	 SECTION 2.05
	 	Reserved	  	 	36	 
	 SECTION 2.06
	 	Funding of Borrowings	  	 	36	 
	 SECTION 2.07
	 	Repayment of Borrowings; Evidence of Debt	  	 	37	 
	 SECTION 2.08
	 	Interest Elections	  	 	38	 
	 SECTION 2.09
	 	Termination and Reduction of Commitments	  	 	39	 
	 SECTION 2.10
	 	Term Loan Option; Increase in Multicurrency Commitments	  	 	40	 
	 SECTION 2.11
	 	Prepayment of Loans	  	 	43	 
	 SECTION 2.12
	 	Fees	  	 	44	 
	 SECTION 2.13
	 	Interest	  	 	44	 
	 SECTION 2.14
	 	Inability to Determine Rates	  	 	45	 
	 SECTION 2.15
	 	Increased Costs; Illegality	  	 	49	 
	 SECTION 2.16
	 	Break Funding Payments	  	 	50	 
	 SECTION 2.17
	 	Taxes	  	 	51	 
	 SECTION 2.18
	 	Payments Generally; Pro Rata Treatment; Sharing of Setoffs	  	 	56	 
	 SECTION 2.19
	 	Mitigation Obligations; Replacement of Lenders	  	 	57	 
	 SECTION 2.20
	 	Designation of US Borrowers, Swiss Borrowers, Japanese Borrowers, Singapore Borrowers and Additional Foreign Borrowers	  	 	58	 
	 SECTION 2.21
	 	Defaulting Lenders	  	 	59	 
	 SECTION 2.22
	 	Extension of Maturity Date	  	 	60	 
			
	 ARTICLE III
	 	REPRESENTATIONS AND WARRANTIES	  	 	62	 
			
	 SECTION 3.01
	 	Corporate Existence and Standing	  	 	62	 
	 SECTION 3.02
	 	Authorization; No Violation	  	 	63	 
	 SECTION 3.03
	 	Governmental Consents	  	 	63	 
	 SECTION 3.04
	 	Validity	  	 	63	 
	 SECTION 3.05
	 	Litigation	  	 	63	 
	 SECTION 3.06
	 	Financial Statements; No Material Adverse Change	  	 	63	 
	 SECTION 3.07
	 	Investment Company Act	  	 	63	 
	 SECTION 3.08
	 	Regulation U	  	 	63	 

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 SECTION 3.09
	 	Environmental Matters	  	 	63	 
	 SECTION 3.10
	 	Disclosure	  	 	64	 
	 SECTION 3.11
	 	Covered Entity	  	 	64	 
	 SECTION 3.12
	 	Solvency	  	 	64	 
	 SECTION 3.13
	 	Limitation of Debt from Lenders that are not Qualifying Banks	  	 	64	 
	 SECTION 3.14
	 	ERISA Compliance	  	 	64	 
	 SECTION 3.15
	 	Representations as to Foreign Obligors	  	 	65	 
	 SECTION 3.16
	 	Anti-Social Groups, Relationships or Conduct	  	 	65	 
	 SECTION 3.17
	 	OFAC	  	 	65	 
	 SECTION 3.18
	 	Taxpayer Identification Number; Other Identifying Information	  	 	66	 
	 SECTION 3.19
	 	Affected Financial Institutions	  	 	66	 
	 SECTION 3.20
	 	Borrower ERISA Status	  	 	66	 
	 SECTION 3.21
	 	Anti-Corruption	  	 	66	 
			
	 ARTICLE IV
	 	CONDITIONS	  	 	66	 
			
	 SECTION 4.01
	 	Effective Date	  	 	66	 
	 SECTION 4.02
	 	Each Credit Event	  	 	67	 
	 SECTION 4.03
	 	Initial Borrowing in Respect of each Borrower that is not a Borrower on the Effective Date	  	 	68	 
			
	 ARTICLE V
	 	AFFIRMATIVE COVENANTS	  	 	69	 
			
	 SECTION 5.01
	 	Payment of Taxes, Etc	  	 	69	 
	 SECTION 5.02
	 	Maintenance of Insurance	  	 	69	 
	 SECTION 5.03
	 	Preservation of Existence, Etc	  	 	69	 
	 SECTION 5.04
	 	Compliance with Laws, Etc	  	 	69	 
	 SECTION 5.05
	 	Keeping of Books	  	 	69	 
	 SECTION 5.06
	 	Inspection	  	 	69	 
	 SECTION 5.07
	 	Reporting Requirements	  	 	70	 
	 SECTION 5.08
	 	Use of Proceeds	  	 	71	 
	 SECTION 5.09
	 	Limitation of Debt From Lenders That Are Not Qualifying Banks	  	 	71	 
	 SECTION 5.10
	 	Anti-Social Group	  	 	72	 
	 SECTION 5.11
	 	Anti-Corruption Laws	  	 	72	 
			
	 ARTICLE VI
	 	NEGATIVE COVENANTS	  	 	72	 
			
	 SECTION 6.01
	 	Subsidiary Debt	  	 	72	 
	 SECTION 6.02
	 	Liens, Etc	  	 	73	 
	 SECTION 6.03
	 	Anti-Social Group	  	 	77	 
	 SECTION 6.04
	 	Merger, Etc	  	 	77	 
	 SECTION 6.05
	 	Change in Business	  	 	77	 
	 SECTION 6.06
	 	Certain Restrictive Agreements	  	 	78	 
	 SECTION 6.07
	 	Leverage Ratio	  	 	79	 
	 SECTION 6.08
	 	Sanctions	  	 	79	 
	 SECTION 6.09
	 	Anti-Corruption Laws	  	 	79	 

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 ARTICLE VII
	 	EVENTS OF DEFAULT	  	 	79	 
			
	 SECTION 7.01
	 	Events of Default	  	 	79	 
	 SECTION 7.02
	 	Application of Funds	  	 	82	 
			
	 ARTICLE VIII
	 	THE ADMINISTRATIVE AGENT	  	 	82	 
			
	 ARTICLE IX
	 	COLLECTION ALLOCATION MECHANISM	  	 	86	 
			
	 ARTICLE X
	 	GUARANTEE	  	 	87	 
			
	 ARTICLE XI
	 	MISCELLANEOUS	  	 	88	 
			
	 SECTION 11.01
	 	Notices	  	 	88	 
	 SECTION 11.02
	 	No Waiver; Cumulative Remedies; Enforcement; Waivers and Amendments	  	 	90	 
	 SECTION 11.03
	 	Expenses; Indemnity; Damage Waiver	  	 	92	 
	 SECTION 11.04
	 	Successors and Assigns	  	 	94	 
	 SECTION 11.05
	 	Survival	  	 	98	 
	 SECTION 11.06
	 	Integration; Effectiveness	  	 	98	 
	 SECTION 11.07
	 	Severability	  	 	98	 
	 SECTION 11.08
	 	Right of Setoff	  	 	98	 
	 SECTION 11.09
	 	Governing Law; Jurisdiction; Consent to Service of Process	  	 	99	 
	 SECTION 11.10
	 	WAIVER OF JURY TRIAL	  	 	99	 
	 SECTION 11.11
	 	Headings	  	 	99	 
	 SECTION 11.12
	 	Confidentiality	  	 	100	 
	 SECTION 11.13
	 	Conversion of Currencies	  	 	100	 
	 SECTION 11.14
	 	Recovery of Erroneous Payments	  	 	101	 
	 SECTION 11.15
	 	Acknowledgement Regarding Any Supported QFCs	  	 	101	 
	 SECTION 11.16
	 	USA PATRIOT Act	  	 	102	 
	 SECTION 11.17
	 	Qualifying Bank Representation and Warranty	  	 	102	 
	 SECTION 11.18
	 	No Advisory or Fiduciary Responsibility	  	 	102	 
	 SECTION 11.19
	 	Interest Rate Limitation	  	 	103	 
	 SECTION 11.20
	 	Electronic Execution; Electronic Records; Counterparts	  	 	103	 
	 SECTION 11.21
	 	Acknowledgment and Consent to Bail-In of Affected Financial Institutions	  	 	104	 
	 SECTION 11.22
	 	Lender ERISA Status	  	 	104	 
	 SECTION 11.23
	 	Personal Data Protection Act	  	 	105	 
	 SECTION 11.24
	 	Waiver of Breach of Funding Payments under Existing Credit Agreement	  	 	106	 

  
 iii 

			
	SCHEDULES:
		
	Schedule 1.01(i)	 	— Ineligible Assignees
	Schedule 2.01	 	— Lenders and Commitments
	Schedule 3.18	 	— Taxpayer Identification Information
	Schedule 6.01	 	— Debt of Material Subsidiaries
	Schedule 6.02	 	— Security Interests
	Schedule 11.01	 	— Administrative Agent’s Office; Certain Addresses for Notices
	
	EXHIBITS:
		
	Exhibit A-1	 	— Form of Borrowing Subsidiary Agreement
	Exhibit A-2	 	— Form of Borrowing Subsidiary Termination
	Exhibit B	 	— Form of Assignment and Acceptance
	Exhibit C	 	— Reserved
	Exhibit D	 	— Reserved
	Exhibit E- 1	 	— Form of Opinion of Counsel for the Company
	Exhibit E-2	 	— Form of Opinion of In-House Counsel of the Company
	Exhibit F	 	— Reserved
	Exhibit G	 	— Form of Borrowing Request
	Exhibit H	 	— Interest Election Request

  
 iv 

 FIVE YEAR CREDIT AGREEMENT dated as of July 15, 2022, among EDWARDS
LIFESCIENCES CORPORATION, a Delaware corporation (the “Company”); the other US BORROWERS (as defined herein); the SWISS BORROWERS (as defined herein); the JAPANESE BORROWERS (as defined herein); the
SINGAPORE BORROWERS (as defined herein); the ADDITIONAL FOREIGN BORROWERS (as defined herein) (the Company, the other US Borrowers, the Swiss Borrowers, the Japanese Borrowers, the Singapore Borrowers and the Additional Foreign
Borrowers being collectively called the “Borrowers”); the LENDERS from time to time party hereto; and BANK OF AMERICA, N.A., as Administrative Agent. 

The Company has requested that the Lenders extend credit in the form of (a) Multicurrency Revolving Commitments under which the US
Borrowers and the Swiss Borrowers may obtain Loans in US Dollars and one or more Designated Foreign Currencies in an aggregate principal amount at any time outstanding that will not result in (x) the Multicurrency Revolving Exposures exceeding
the US Dollar Equivalent of $525,000,000, (y) the Multicurrency Revolving Exposures of Loans denominated in Designated Foreign Currencies made to US Borrowers and Swiss Borrowers exceeding the US Dollar Equivalent of $525,000,000, (b)
Yen Enabled Commitments under which the Japanese Borrowers may obtain Loans in Yen and the US Borrowers may obtain Loans in US Dollars in an aggregate principal amount at any time outstanding that will not result in the Yen Enabled Exposures
exceeding the US Dollar Equivalent of $125,000,000 and (c) Singapore Dollar Enabled Commitments under which the Singapore Borrowers may obtain Loans in Singapore Dollars and the US Borrowers may obtain Loans in US Dollars in an aggregate
principal amount at any time outstanding that will not result in the Singapore Dollar Enabled Exposures exceeding the US Dollar Equivalent of $100,000,000. The proceeds of borrowings hereunder will be used (i) to refinance indebtedness
under the Existing Credit Agreement and (ii) for general corporate purposes of the Borrowers and their respective subsidiaries. Each capitalized term used above and each other capitalized term used and not otherwise defined herein shall have
the meaning assigned to it in Article I. 
 The Lenders are willing to provide the credit facilities referred to in the preceding
paragraph upon the terms and subject to the conditions set forth herein. Accordingly, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 
 SECTION 1.01
Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “ABR”, when used
in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. All ABR Loans and ABR Borrowings shall be denominated in
US Dollars. 
 “Additional Foreign Borrower” means any Foreign Subsidiary that has been designated as such pursuant to
Section 2.20 and that has not ceased to be an Additional Foreign Borrower as provided in such Section. 

“Administrative Agent” means Bank of America, N.A., in its capacity as administrative agent for the Lenders hereunder, or any
successor administrative agent appointed pursuant to Article VIII. 
 “Administrative Agent’s Office” means,
with respect to any currency, the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 11.01 with respect to such currency, or such other address or account with respect to such currency as the
Administrative Agent may from time to time notify the Company and the Lenders. 

  
 1 

 “Administrative Questionnaire” means an Administrative Questionnaire in
substantially the form approved by the Administrative Agent. 
 “Affected Financial Institution” means (a) any
EEA Financial Institution or (b) any UK Financial Institution. 
 “Affiliate” means, with respect to a
specified 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. 

“Aggregate Commitments” means the Multicurrency Commitments, the Yen Enabled Commitments and the Singapore Dollar Enabled
Commitments. The aggregate amount of the Aggregate Commitments on the date hereof is the US Dollar Equivalent of $750,000,000. 

“Agreement” means this Five Year Credit Agreement. 

“Agreement Currency” has the meaning assigned to such term in Section 11.13(b). 

“Alternate Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds
Effective Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” (c) Term SOFR plus 1.00% and (d) 1.00%. The “prime
rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be
priced at, above, or below such announced rate. Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. If the Alternate Base Rate is
being used as an alternate rate of interest pursuant to Section 2.14 hereof, then the Alternate Base Rate shall be the greater of clauses (a), (b) and (d) above and shall be determined without
reference to clause (c) above. 
 “Alternative Currency Daily Rate” means, for any day, with respect to any
Borrowing: 
 (a) denominated in Sterling, the rate per annum equal to SONIA determined pursuant to the definition thereof
plus the SONIA Adjustment; 
 (b) denominated in Swiss Francs, the rate per annum equal to SARON determined pursuant
to the definition thereof plus the SARON Adjustment; 
 (c) denominated in Singapore Dollars, the rate per annum equal
to the SORA Daily Rate determined pursuant to the definition thereof plus the SORA Adjustment; and 
 (d) denominated
in any other Designated Foreign Currency (to the extent such Loans denominated in such currency will bear interest at a daily rate), the daily rate per annum as designated with respect to such Designated Foreign Currency at the time such Designated
Foreign Currency is approved by the Administrative Agent and the relevant Lenders pursuant to Section 1.08(a) plus the adjustment (if any) determined by the Administrative Agent and the relevant Lenders in
consultation with the Company pursuant to Section 1.08(a); 

  
 2 

 provided, that, if any Alternative Currency Daily Rate shall be less than zero, such rate shall be
deemed zero for purposes of this Agreement. Any change in the Alternative Currency Daily Rate shall be effective from and including the date of such change without further notice. 

Alternative Currency Daily Rate when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are bearing interest at a rate determined by reference to the Alternate Currency Daily Rate. All Alternative Currency Daily Rate Loans must be denominated in a Designated Foreign Currency or Singapore Dollars. 

“Alternative Currency Loan” means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as
applicable. 
 “Alternative Currency Term Rate” means, for any Interest Period, with respect to any Borrowing: 

(a) denominated in Euros, the rate per annum equal to the Euro Interbank Offered Rate (“EURIBOR”), as
published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the day that is two TARGET Days preceding the first day of
such Interest Period with a term equivalent to such Interest Period; 
 (b) denominated in Japanese Yen, the rate per annum
equal to the Tokyo Interbank Offered Rate (“TIBOR”), as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from
time to time) on the Rate Determination Date with a term equivalent to such Interest Period; and 
 (c) denominated in any
other Designated Foreign Currency (to the extent such Loans denominated in such currency will bear interest at a term rate), the term rate per annum as designated with respect to such Designated Foreign Currency at the time such Designated Foreign
Currency is approved by the Administrative Agent and the relevant Lenders pursuant to Section 1.08(a) plus the adjustment (if any) determined by the Administrative Agent and the relevant Lenders in consultation with
the Company pursuant to Section 1.08(c); 
 provided, that, if any Alternative Currency Term Rate shall be less than zero,
such rate shall be deemed zero for purposes of this Agreement. 
 Alternative Currency Term Rate, when used in reference to any Loan or
Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternative Currency Term Rate. All Alternative Currency Term Rate Loans must be denominated in a
Designated Foreign Currency. 
 “Anti-Social Conduct” means: 

 

	 	(a)	 a demand and conduct with force and arms; 

 

	 	(b)	 an unreasonable demand and conduct having no legal cause; 

 

	 	(c)	 threatening or committing violent behavior relating to its business transactions; 

 

	 	(d)	 an action to defame the reputation or interfere with the business of any Lender by spreading rumors, using
fraudulent means or resorting to force; or 

  
 3 

	 	(e)	 other actions similar or analogous to any of the foregoing in any jurisdiction. 

“Anti-Social Group” means: 
  

	 	(a)	 an organized crime group (bouryokudan, as defined in the Law relating to Prevention of Unjustifiable
Acts by Gang Members of Japan (Law No. 77 of 1991, as amended)); 

  

	 	(b)	 a member of an organized crime group; 

 

	 	(c)	 a person who used to be a member of an organized crime group but has only ceased to be a member of an organized
crime group for a period of less than 5 years; 

  

	 	(d)	 quasi-member of an organized crime group (bouryokudan jun-kosei-in); 

  

	 	(e)	 a related or associated company of an organized crime group; 

 

	 	(f)	 a corporate racketeer or blackmailer advocating social cause or a special intelligence organized crime group;
or 

  

	 	(g)	 a member of any other criminal force similar or analogous to any of the foregoing in any jurisdiction.

 “Anti-Social Relationship” means in relation to a person: 

 

	 	(a)	 an Anti-Social Group controls its management; 

 

	 	(b)	 an Anti-Social Group is substantively involved in its management; 

 

	 	(c)	 it has entered into arrangements with an Anti-Social Group for the purpose of, or which have the effect of,
unfairly benefiting itself or a third party or prejudicing a third party; 

  

	 	(d)	 it is involved in the provision of funds or other benefits to an Anti-Social Group; or 

 

	 	(e)	 any of its directors or any other person who is substantively involved in its management has a socially
objectionable relationship with an Anti-Social Group. 

 “Applicable Authority” means (a) with
respect to Term SOFR, CME or any Governmental Authority having jurisdiction over the Administrative Agent or the CME with respect to its publication of SOFR, in each case acting in such capacity and (b) with respect to any currency other than
US Dollars, the applicable administrator for the Relevant Rate for such currency or any Governmental Authority having jurisdiction over the Administrative Agent or such administrator with respect to its publication of the applicable Relevant Rate,
in each case acting in such capacity. 
 “Applicable Law” means, as to any Person, all applicable laws binding upon such
Person or to which such a Person is subject. 

  
 4 

 “Applicable Rate” means, for any day, with respect to (a) any Loan of
any Type or (b) the facility fees payable hereunder, as the case may be, the applicable rate per annum set forth under the appropriate caption in the table below determined by reference to the numerically lower of (i) the Pricing Level
corresponding to the Debt Ratings as in effect on such day (for the avoidance of doubt, the lowest numerical Pricing Level for the Debt Ratings is Pricing Level 1), and (b) the Pricing Level corresponding to the Leverage Ratio in effect at
the end of the most recent fiscal quarter for which financial statements shall have been delivered pursuant to Section 5.07(a) or (b) (for the avoidance of doubt, the lowest numerical Pricing Level for the Leverage
Ratio is Pricing Level 2): 
  

													
	 Pricing Level
	  	Debt Rating	  	Leverage Ratio	 	  	Facility
Fee (basis
points per
annum)	  	Applicable Rate
for Term SOFR
Loans,
Alternative
Currency Term
Rate Loans and
Alternative
Currency
Daily
Rate Loans (basis
points per
annum)	  	Applicable
Rate for
ABR
Loans
(basis
points per
annum)
	 Pricing Level 1
	  	> A- / A3	  				  	9.0	  	78.5	  	0.0
	 Pricing Level 2
	  	BBB+ / Baa1	  	 	< 1.00	 	  	10.0	  	90.0	  	0.0
	 Pricing Level 3
	  	BBB / Baa2	  	 	≥ 1.00 and < 2.00	 	  	12.5	  	100.0	  	0.0
	 Pricing Level 4
	  	BBB- / Baa3	  	 	≥ 2.00 and < 3.00	 	  	17.5	  	120.0	  	20.0
	 Pricing Level 5
	  	< BB+ / Ba1	  	 	≥ 3.00	 	  	20.0	  	130.0	  	30.0

 provided that if any financial statements required to have been delivered under
Section 5.07(a) or (b) shall not at any time have been delivered, the Applicable Rate shall, until such financial statements shall have been delivered, be determined by reference to Pricing Level 5 in the
table above. 
 Subject to the proviso in the immediately preceding sentence, the Applicable Rate in effect on the Effective Date shall be determined based
on Pricing Level 2. Thereafter, each change in the Applicable Rate (A) resulting from a change in the Leverage Ratio will be effective as of the first Business Day immediately following the date on which such financial statements are
delivered in accordance with the requirements of this Agreement and (B) resulting from a publicly announced change in the Debt Rating will 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. In the event that a Debt Rating has not been issued as of any date of determination, the Pricing Level corresponding to the Leverage Ratio for such period as of such date of
determination shall apply. In the event that only one Debt Rating has been issued as of any date of determination, that Debt Rating shall apply. 

Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Rate for any period shall be subject to the
provisions of Section 2.13(h). 
 As used herein, “Debt Rating” means, as of any
date of determination, the rating as determined by either S&P or Moody’s (collectively, the “Debt Ratings”) of the Company’s non-credit-enhanced, senior unsecured
long-term debt; provided that if a Debt Rating is issued by each of the foregoing rating agencies and such Debt Ratings differ, then the higher of such Debt Ratings shall apply (with the Debt Rating for Pricing Level 1 being the highest
and the Debt Rating for Pricing Level 5 being the lowest), unless there is a split in Debt Ratings of more than one level, in which case the Pricing Level that is one level higher than the Pricing Level of the lower Debt Rating shall apply.

  
 5 

 “Approved Fund” means any Fund that is administered or managed by
(a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Arrangers” means BofA Securities, Inc. and JPMorgan Chase Bank, N.A., each in its capacity as a joint lead arranger and
joint bookrunner. 
 “Assignment and Acceptance” means an assignment and acceptance entered into by a Lender and an
assignee (with the consent of any party whose consent is required by Section 11.04), and accepted by the Administrative Agent, in the form of Exhibit B or any other form (including electronic documentation generated
by use of an electronic platform) approved by the Administrative Agent. 
 “Bail-In
Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 

“Bail-In Legislation” means, (a) 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, rule, regulation or requirement for such EEA Member Country from time to time which is described in
the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule
applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). 

“Bank of America” means Bank of America, N.A. and its successors. 

“Beneficial Ownership Certification” means a certification regarding beneficial ownership required by the Beneficial
Ownership Regulation. 
 “Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. 

“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”. 
 “Board” means the Board of Governors of the
Federal Reserve System of the United States of America. 
 “Borrower” means the Company, any other US Borrower, any Swiss
Borrower, any Japanese Borrower, any Singapore Borrower or any Additional Foreign Borrower. 
 “Borrowing” means Loans of
the same Class, Type and currency, made, converted or continued on the same date and, in the case of Term SOFR Loans or Alternative Currency Term Rate Loans, as to which a single Interest Period is in effect. 

“Borrowing Agent” means Edwards Lifesciences LLC, a Delaware limited liability company, in its capacity as agent on behalf of
the applicable Borrowers for the purposes of giving and receiving Borrowing Requests, Interest Election Requests and Prepayment Notices. 

“Borrowing Minimum” means (a) in the case of a Borrowing denominated in US Dollars, $5,000,000 and (b) in the case
of a Borrowing denominated in any Designated Foreign Currency, Yen or Singapore Dollar, a minimum of the US Dollar Equivalent of $5,000,000 (rounded to the nearest hundreds of units of such Designated Foreign Currency, Yen or Singapore Dollar).

  
 6 

 “Borrowing Multiple” means (a) in the case of a Borrowing denominated
in US Dollars, $1,000,000 and (b) in the case of a Borrowing denominated in any Designated Foreign Currency Yen or Singapore Dollar, a minimum of the US Dollar Equivalent of $500,000 (rounded to the nearest hundreds of units of such
Designated Foreign Currency Yen or Singapore Dollar). 
 “Borrowing Request” means a request by the Borrowing Agent on
behalf of the relevant Borrower for a Borrowing of Revolving Committed Loans in accordance with Section 2.03, substantially in the form of Exhibit G or such other form as may be approved by the Administrative Agent
(including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrowing Agent. 

“Borrowing Subsidiary Agreement” means a Borrowing Subsidiary Agreement substantially in the form of Exhibit A-1. 
 “Borrowing Subsidiary Termination” means a Borrowing Subsidiary Termination
substantially in the form of Exhibit A-2. 
 “Business Day” means any day
other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the laws of, or are in fact closed in, the state where the Administrative Agent’s Office with respect to Obligations denominated in US Dollars is
located and: 
 (a) if such day relates to any interest rate settings as to an Alternative Currency Loan denominated in Euro, any fundings,
disbursements, settlements and payments in Euro in respect of any such Alternative Currency Loan, or any other dealings in Euro to be carried out pursuant to this Agreement in respect of any such Alternative Currency Loan, means a Business Day that
is also a TARGET Day; 
 (b) if such day relates to any interest rate settings as to an Alternative Currency Loan denominated in
(i) Sterling, means a day other than a day banks are closed for general business in London because such day is a Saturday, Sunday or a legal holiday under the laws of the United Kingdom; (ii) Swiss Francs, means a day other than when banks
are closed for settlement and payments of foreign exchange transactions in Zurich because such day is a Saturday, Sunday or a legal holiday under the laws of Switzerland; (iii) Japanese Yen, means a day other than when banks are closed for
general business in Japan and (iv) Singapore Dollars, means a day (other than a Saturday or Sunday) on which banks are open for general business in Singapore; 

(c) if such day relates to any interest rate settings as to an Alternative Currency Loan denominated in a currency other than, Euro, Sterling,
Swiss Francs, Japanese Yen or Singapore Dollars, means any such day on which dealings in deposits in the relevant currency are conducted by and between banks in the applicable offshore interbank market for such currency; and 

(d) if such day relates to any fundings, disbursements, settlements and payments in a currency other than Euro in respect of an Alternative
Currency Loan denominated in a currency other than Euro, or any other dealings in any currency other than Euro to be carried out pursuant to this Agreement in respect of any such Alternative Currency Loan (other than any interest rate settings),
means any such day on which banks are open for foreign exchange business in the principal financial center of the country of such currency. 

  
 7 

 “Calculation Date” means (a) with respect to any Multicurrency
Revolving Committed Loan, each of the following: (i) each date of a Borrowing of an Alternative Currency Loan denominated in a Designated Foreign Currency, and (ii) each date of a continuation of an Alternative Currency Loan denominated in
a Designated Foreign Currency pursuant to Section 2.03, (b) with respect to any Yen Enabled Revolving Loan, each of the following: (i) each date of a Borrowing of a Yen Enabled Revolving Loan denominated in Yen, and
(ii) each date of a continuation of a Yen Enabled Revolving Loan denominated in Yen, pursuant to Section 2.03, (c) with respect to any Singapore Dollar Enabled Revolving Loan, each date of a Borrowing of a Singapore
Dollar Enabled Revolving Loan denominated in Singapore Dollar, pursuant to Section 2.03, and (d) such additional dates as the Administrative Agent shall determine and designate by prior notice to the Company. 

“CAM” shall mean the mechanism for the allocation and exchange of interests in the Tranches and collections thereunder
established under Article IX. 
 “CAM Exchange” shall mean the exchange of the Lender’s interests provided for
in Article IX. 
 “CAM Exchange Date” shall mean the date on which any event referred to in subsection
(g) of Section 7.01 shall occur in respect of the Company. 
 “CAM Percentage” shall
mean, as to each Lender, a fraction, expressed as a decimal, of which (a) the numerator shall be the aggregate US Dollar Equivalent (determined on the basis of Exchange Rates prevailing on the CAM Exchange Date) of the Specified
Obligations owed to such Lender immediately prior to the CAM Exchange Date and (b) the denominator shall be the aggregate US Dollar Equivalent (as so determined) of the Specified Obligations owed to all the Lenders immediately prior to
such CAM Exchange Date. 
 “Change in Control” means an event or series of events by which: 

(a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but
excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial owner” (as defined in
Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities
that such person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time (such right, an “option right”)), directly or indirectly, of 35% or more of the equity securities of
the Company entitled to vote for members of the board of directors or equivalent governing body of the Company on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any
option right); or 
 (b) during any period of 12 consecutive months, a majority of the members of the board of directors or other
equivalent governing body of the Company cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent
governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination
to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent
governing body. 

  
 8 

 “Change in Law” means (a) the adoption of any law, rule, regulation or
treaty after the date of this Agreement, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority after the date of this Agreement or (c)
the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority after the date of this Agreement; provided that notwithstanding anything herein to the contrary,
(x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) 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. 
 “Charitable Foundation” means Edwards
Lifesciences Foundation, a Delaware corporation, not for profit and without capital stock, any donor advised fund established by the Company or its Subsidiaries for the purpose of receiving charitable donations or any other not for profit, tax-deductible foundation or other entity. 
 “Class”, when used in reference to
(a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Multicurrency Revolving Committed Loans, Yen Enabled Revolving Loans or Singapore Dollar Enabled Revolving Loans and (b) any Commitment
refers to whether such Commitment is a Multicurrency Commitment, Yen Enabled Commitment or a Singapore Dollar Enabled Commitment. 

“Class Required Lenders” has the meaning specified in Section 11.02(b). 

“CME” means CME Group Benchmark Administration Limited. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Commitment” means a Multicurrency Commitment, a Yen Enabled Commitment or a Singapore Dollar Enabled Commitment. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time and any
successor statute. 
 “Communication” means this Agreement, any Loan Document and any document, any amendment, approval,
consent, information, notice, certificate, request, statement, disclosure or authorization related to any Loan Document. 

“Company” has the meaning assigned to such term in the heading of this Agreement. 

“Confidential Information Memorandum” means the Confidential Information Memorandum dated June 9, 2022 distributed to
the Lenders, together with the appendices thereto, as amended through the date hereof. 
 “Conforming Changes” means, with
respect to the use, administration of or any conventions associated with Term SOFR, SONIA, SARON, EURIBOR, TIBOR, SORA Daily Rate or any proposed Successor Rate for a currency, as applicable, any conforming changes to the definitions of
“Alternate Base Rate”, “Term SOFR”, “SONIA”, “SARON”, “EURIBOR”, “TIBOR”, “SORA Daily Rate” and “Interest Period”, timing and frequency of determining rates and making
payments of interest and other technical, administrative or operational matters (including, for the avoidance of doubt, the definitions of “Business Day” and “U.S. Government Securities Business Day”, timing of borrowing requests
or prepayment, conversion or continuation notices and length of lookback periods) as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and implementation of such applicable rate(s) and to

  
 9 

 
permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice for such currency (or, if the Administrative Agent determines that adoption
of any portion of such market practice is not administratively feasible or that no market practice for the administration of such rate for such currency exists, in such other manner of administration as the Administrative Agent determines is
reasonably necessary in connection with the administration of this Agreement and any other Loan Document). 
 “Consolidated
EBITDA” means, for any period, for the Company and its Subsidiaries on a consolidated basis, an amount equal to consolidated net income for such period plus (a) the following to the extent deducted in calculating such consolidated net
income: (i) Consolidated Interest Expense for such period, (ii) the provision for federal, state, local and foreign income taxes payable by the Company and its Subsidiaries for such period, (iii) the amount of depreciation and
amortization expense deducted in determining such consolidated net income including write-downs of intangibles (including but not limited to, goodwill), (iv) any extraordinary or non-recurring expenses or
losses (to the extent any of the foregoing are non-cash items for such period), including losses on sales of assets outside the ordinary course of business, special charges and purchased research and
development charges in connection with acquisitions, but excluding any non-cash charge that relates to the write-down or write-off of inventory or accounts receivable
except for accounts receivable reserves required when previously sold product is exchanged for replacement product, (v) non-cash charges associated with stock-based compensation expenses pursuant to the
financial reporting guidance of the FASB concerning stock-based compensation as in effect from time to time, (vi) any fees and expenses related to issuances of debt or equity, acquisitions and investments and asset sales and divestitures
permitted under the Loan Documents or acquisitions consummated prior to the Effective Date in an aggregate amount not to exceed $75,000,000 during any fiscal year, (vii) any litigation expenses, whether paid or (without duplication) reserved,
including legal costs, judgments, orders, awards and settlements, (viii) any extraordinary, unusual or non-recurring expenses or losses, including, without limitation, any restructurings, plant closings,
staff reductions, distributor network optimization initiatives, distribution technology optimization initiatives or other similar charges and other transactions described in clause (vii) hereof that are cash items, provided that
the aggregate amount of all expenses, losses or charges added back pursuant to this clause (viii) shall be limited in any fiscal year to 12.5% of Consolidated EBITDA as reported for the prior fiscal year, (ix) without duplication,
expenses for financial contributions made to any Charitable Foundation, provided that the aggregate amount of such charitable contributions added back pursuant to this clause (ix) shall be limited to $100,000,000 per fiscal year,
(x) net after-tax losses (including all fees and expenses or charges relating thereto) on sales of assets outside of the ordinary course of business and net
after-tax losses from discontinued operations and (xi) any net after-tax losses (including all fees and expenses or charges relating thereto) on the retirement of
debt; and minus (b) extraordinary gains increasing consolidated net income for such period, including any litigation or settlement payments received or accrued during such period. Consolidated EBITDA is subject to calculation on a Pro
Forma Basis in accordance with Section 1.07. 
 “Consolidated Interest Expense” means, for any
period, the interest expense of the Company and the consolidated Subsidiaries for such period determined on a consolidated basis in accordance with GAAP, including (a) the amortization of debt discounts to the extent included in interest
expense in accordance with GAAP, (b) the amortization of all fees (including fees with respect to interest rate protection agreements or other interest rate hedging arrangements) payable in connection with the incurrence of Debt to the extent
included in interest expense in accordance with GAAP and (c) the portion of any rents payable under capital leases allocable to interest expense in accordance with GAAP. 

“Consolidated Tangible Assets” means the total amount of assets that would be included on a consolidated balance sheet of the
Company and the consolidated Subsidiaries after deducting therefrom all Intangible Assets. 

  
 10 

 “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. 
 “Covered Entity” has the meaning specified in Section 11.15(b). 

“Daily Simple SOFR” with respect to any applicable determination date means SOFR published on such date on the Federal
Reserve Bank of New York’s website (or any successor source); provided, however, that if such determination date is not a U.S. Government Securities Business Day, then Daily Simple SOFR means SOFR that applied on the first U.S.
Government Securities Business Day immediately prior thereto. 
 “Debt” means, without duplication, (a) indebtedness
for borrowed money or for the deferred purchase price of property or services carried as indebtedness on the consolidated balance sheet of the Company and the consolidated Subsidiaries (other than as described in clause (b) below and
excluding trade payables incurred in the ordinary course of business of the Company and payable in accordance with customary practices); (b) obligations of the Company and the consolidated Subsidiaries as lessee under leases that, in accordance with
GAAP as in effect on December 31, 2017, are recorded as capital leases; (c) obligations of the Company and the consolidated Subsidiaries under direct or indirect guarantees in respect of, and obligations (contingent or otherwise) to
purchase or otherwise acquire, or otherwise to assure a creditor against loss in respect of, indebtedness or obligations of others of the kinds referred to in clauses (a) and (b) above (including actual or contingent liabilities
in respect of letters of credit issued to support such indebtedness or other obligations); (d) indebtedness or obligations of the kinds referred to in clauses (a), (b) and (c) above of the unconsolidated Subsidiaries; and
(e) solely for purposes of Article VII hereof, obligations under interest rate, foreign exchange rate or other hedging agreements. The term “Debt” shall not include the undrawn face amount of any letter of credit or bank
guarantee issued for the account of the Company or any Subsidiary in the ordinary course of the Company’s or such Subsidiary’s business (other than any letter of credit or bank guarantee referred to in clause (c) above), but
shall include the reimbursement obligation owing from time to time by the Company or any of the consolidated Subsidiaries in respect of drawings made under any letter of credit or bank guarantee in the event reimbursement is not made immediately
following the applicable drawing. For purposes of Article VII, the “principal amount” of the obligations of the Company or any Subsidiary in respect of any hedging agreement at any time shall be the maximum aggregate amount (giving
effect to any netting agreements) that the Company or such Subsidiary would be required to pay if such hedging agreement were terminated at such time. 

“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, judicial management or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect and
affecting the rights of creditors generally. 
 “Default” means any event or condition which constitutes an Event of
Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. 
 “Default
Rate” has the meaning specified in Section 2.13(e). 
 “Defaulting Lender” means,
subject to Section 2.21(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender
notifies the Administrative Agent and the Company 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 

  
 11 

 
writing) has not been satisfied or (ii) pay to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within two Business Days of the date when
due, (b) has notified the Company or the Administrative Agent in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (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 written request by the Administrative Agent or the Company, to confirm in writing to the Administrative Agent and the
Company 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 Company), 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, (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, or (iii) become the subject of a Bail-in Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any
equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United
States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination
by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and of the effective date of such status, shall be conclusive and binding absent manifest error, and such
Lender shall be deemed to be a Defaulting Lender (subject to Section 2.21(b)) as of the date established therefor by the Administrative Agent in a written notice of such determination to the Company and each other Lender
promptly following such determination. 
 “Designated Amount” means, at any time, the sum of (a) the aggregate
outstanding principal amount at such time of Debt of Material Subsidiaries that is permitted under subsection (o) of Section 6.01, and (b) the aggregate outstanding principal amount at such time of
Secured Debt permitted under the last paragraph of Section 6.02; provided that the Designated Amount shall exclude any Borrowings under this Agreement, including by any Subsidiary of the Company. 

“Designated Foreign Currency” means, with respect to the Multicurrency Commitments, Euros, Sterling, Swiss Francs, Yen and
any other currency approved pursuant to Section 1.08. 
 “Designated Foreign Currency Sublimit”
means an amount equal to the aggregate amount of the Multicurrency Commitments. The Designated Foreign Currency Sublimit is part of, and not in addition to, the aggregate amount of the Multicurrency Commitments of the Lenders. 

“Designated Jurisdiction” means any country or territory to the extent that such country or territory itself is the subject
of any Sanction. 
 “EEA Financial Institution” means (a) any credit institution or investment firm 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 financial 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. 

  
 12 

 “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. 

“Effective Date” means the date on which the conditions specified in Section 4.01 are satisfied (or
waived in accordance with Section 11.02). 
 “Electronic Record” and “Electronic
Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time. 

“Eligible Currency” means any lawful currency other than US Dollars that is readily available, freely transferable and
convertible into Dollars in the international interbank market available to the Multicurrency Lenders, as applicable, in such market and as to which a US Dollar Equivalent may be readily calculated. If, after the designation by the Lenders, of
any currency as a Designated Foreign Currency (or if, with respect to any currency that constitutes a Designated Foreign Currency on the Effective Date, after the Effective Date), any change in currency controls or exchange regulations or any change
in the national or international financial, political or economic conditions are imposed in the country in which such currency is issued, result in, in the reasonable opinion of the Administrative Agent (in the case of any Multicurrency Revolving
Committed Loans to be denominated in a Designated Foreign Currency), (a) such currency no longer being readily available, freely transferable and convertible into US Dollars, (b) a US Dollar Equivalent is no longer readily calculable with
respect to such currency, (c) providing such currency is impracticable for the Multicurrency Lenders, or (d) no longer a currency in which the Multicurrency Lenders are willing to make such credit extensions (each of clauses (a),
(b), (c), and (d) a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders and the Company, and such country’s currency shall no longer be a Designated Foreign Currency
until such time as the Disqualifying Event(s) no longer exist(s). Within five (5) Business Days after receipt of such notice from the Administrative Agent, the Borrowers shall repay all Loans in such currency to which the Disqualifying Event
applies or convert such Loans into the US Dollar Equivalent of Loans in US Dollars, subject to the other terms contained herein. 

“EMU Legislation” means the legislative measures of the European Union for the introduction of, changeover to or operation of
the Euro in one or more member states. 
 “Environmental Laws” means all federal, state, local and foreign laws, rules and
regulations relating to the release, emission, disposal, storage and related handling of waste materials, pollutants and hazardous substances. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the rules and
regulations promulgated thereunder. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) under
common control with the Company within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan (other than a Multiemployer Plan);
(b) the withdrawal of the Company or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or
a cessation of operations that is treated as such a withdrawal 

  
 13 

 
under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Company or any ERISA Affiliate from a Multiemployer Plan; (d) the filing of a notice of intent to
terminate, the treatment of a Pension Plan amendment as a termination under Section 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a Pension Plan; (f) any event or condition which constitutes
grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (g) the determination 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; or (h) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but
not delinquent under Section 4007 of ERISA, upon the Company or any ERISA Affiliate. 
 “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. 
 “Euro” or “E” means the single currency of the Participating Member States. 

“Event of Default” has the meaning assigned to such term in Section 7.01. 

“Exchange Rate” means on any day, with respect to any Designated Foreign Currency, Singapore Dollar or Yen, the rate at which
such Designated Foreign Currency, Singapore Dollar or Yen may be exchanged into US Dollars, as quoted by Bloomberg on www.bloomberg.com/markets/currencies/fxc.html (and applying the Currency Converter set forth on such website page) at approximately
12:00 noon Local Time on such date or, if such date in not a Business Day, on the Business Day immediately preceding such date of determination for such Designated Foreign Currency, Singapore Dollar or Yen. In the event that such rate does not
appear on such page, the Exchange Rate shall be determined by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Company, or, in the absence of such agreement,
such Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the Administrative Agent in the market where its foreign currency exchange operations in respect of such Designated Foreign Currency, Singapore Dollar or Yen
are then being conducted, at or about 10:00 a.m., Local Time, on such date for the purchase of US Dollars for delivery two Business Days later; provided that if at the time of any such determination, for any reason, no such spot rate is being
quoted, the Administrative Agent, after consultation with the Company, may use any reasonable method it deems appropriate to determine such rate, and such determination shall be presumed correct absent manifest error. 

“Excluded Swap Obligations” means, with respect to any Loan Party, any Swap Obligation if, and to the extent that, all or a
portion of the liability of such Loan Party for or the guarantee of such Loan Party of, or the grant by such Loan Party of a security interest to secure, such Swap Obligation (or any liability or guarantee thereof) is or becomes illegal under the
Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Loan Party’s failure for any reason to constitute an
“eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the liability for or the guarantee of such Loan Party or the grant of such security interest becomes effective with respect
to such Swap Obligation (such determination being made after giving effect to any applicable keepwell, support or other agreement for the benefit of the applicable Loan Party). If a Swap Obligation arises under a master agreement governing more than
one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such guarantee or security interest is or becomes illegal for the reasons identified in the immediately preceding sentence of
this definition. 

  
 14 

 “Excluded Taxes” means any of the following Taxes imposed on or, with
respect to, or required to be withheld or deducted from a payment to, any Lender or the Administrative Agent, (a) Taxes imposed on or measured by its overall net income (however denominated), and franchise Taxes imposed on it (in lieu of net
income Taxes), by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, any jurisdiction in which any lending office
from which it makes Loans hereunder is located, (b) any branch profit Taxes imposed by the United States of America or any similar Tax imposed by any other jurisdiction described in clause (a) above, (c) in the case of a
Multicurrency Lender (other than a Lender that becomes a Multicurrency Lender by operation of the CAM), any withholding Tax that is imposed by the United States of America (or any political subdivision thereof) on payments by a US Borrower to the
extent such Tax is in effect and would apply as of the date such Multicurrency Lender becomes a party to this Agreement or relates to payments received by a new lending office designated by such Multicurrency Lender and is in effect and would apply
at the time such lending office is designated, and any withholding Tax that is imposed by Switzerland (or any political subdivision thereof) on payments by a Swiss Borrower, (d) in the case of a Yen Enabled Lender (other than a Lender that
becomes a Yen Enabled Lender by operation of the CAM), any withholding Tax that is imposed (i) by Japan (or any political subdivision thereof) on payments by a Japanese Borrower or (ii) by the United States of America (or any political
subdivision thereof) on payments by a US Borrower, in either case to the extent such Tax is in effect and would apply as of the date such Yen Enabled Lender becomes a party to this Agreement or relates to payments received by a new lending office
designated by such Yen Enabled Lender and is in effect and would apply at the time such lending office is designated (assuming the taking by the applicable Borrower, upon the request of the applicable Yen Enabled Lender, of all ministerial or other
reasonably requested actions required in order for available exemptions from such Tax to be effective), except, in the case of clause (c) or (d) above, to the extent that (i) such Lender (or its assignor, if any) was
entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from the applicable Borrower with respect to such withholding Tax pursuant to Section 2.17(a) or (ii) such
withholding Tax shall have resulted from the making of any payment to a location other than the office designated by the Administrative Agent or such Lender for the receipt of payments of the applicable type from the applicable Borrower,
(e) any withholding Tax that is attributable to such Lender’s failure to comply with Section 2.17(e) or Section 2.17(f), (f) any Taxes imposed under FATCA, (g) any backup withholding
Tax that is required by the Code to be withheld from amounts payable to a Lender, and (h) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Company under Section 2.19), any United
States withholding Tax that (y) is required to be imposed on amounts payable to such Foreign Lender pursuant to the laws in force at the time such Foreign Lender becomes a party hereto (or designates a new lending office) or (z) is
attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in Law) to comply with Section 2.17(e) or Section 2.17(f), except to the extent that such Foreign
Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from such Borrower with respect to such withholding Tax pursuant to
Section 2.17(a). 
 “Exemption Event” means the inability of any Yen Enabled Lender to fund a Yen
Enabled Revolving Loan due to: 
 (a) the occurrence of any natural disaster or war; 

(b) any suspension or disruption in electrical, communication or various settlement systems that makes it impossible to provide or borrow loans
in Yen; 
 (c) any event occurs within the Tokyo interbank market that makes it impossible to make or borrow loans in Yen; or 

(d) any other event not attributable to a Yen Enabled Lender or Yen Enabled Lenders (based on facts and circumstances subsisting at the time)
that makes it impossible to make or borrow a Yen Enabled Revolving Loan required under this Agreement. 

  
 15 

 “Existing Credit Agreement” means the Five Year Credit Agreement dated as
of April 30, 2018, as amended, among the Borrowers, the lenders party thereto, Bank of America, N.A. as administrative agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporation and J.P.Morgan Securities LLC, as Joint Lead
Arrangers and Joint Bookrunners. 
 “Existing Maturity Date” has the meaning specified in
Section 2.22(a). 
 “Exposure” means, with respect to any Lender, such Lender’s
Multicurrency Revolving Exposure, Singapore Dollar Enabled Exposure and Yen Enabled Exposure. 
 “Extension Request” has
the meaning specified in Section 2.22(a). 
 “FASB” means the Financial Accounting Standards
Board. 
 “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or
successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the
Code, as of the date of this Agreement (or any amended or successor version described above) and any intergovernmental agreement, treaty or convention (and related fiscal or regulatory legislation, or related official rules or practices)
implementing the foregoing. 
 “FCPA” has the meaning specified in Section 3.21. 

“Federal Funds Effective Rate” means, for any day, the rate per annum calculated by the Federal Reserve Bank of New York
based on such day’s federal funds transactions by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall set forth on its public website from time to time) and published on the next succeeding
Business Day by the Federal Reserve Bank of New York as the federal funds effective rate; provided that if the Federal Funds Effective Rate as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this
Agreement. 
 “Fee Letter” means the letter agreement, dated June 10, 2022 among the Company, the Administrative Agent
and BofA Securities, Inc. 
 “Foreign Lender” means, with respect to any Borrower, any Lender that is organized under or
resident of the laws of a jurisdiction other than that in which such Borrower is resident for tax purposes. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single
jurisdiction. 
 “Foreign Obligor” means a Loan Party that is a Foreign Subsidiary. 

“Foreign Subsidiary” means any Subsidiary that is not incorporated or otherwise organized under the laws of the United States
or its territories or possessions. 
 “Fund” means 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) 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 activities. 
 “GAAP” means generally accepted accounting principles in the United States set forth in the opinions
and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a
significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 

  
 16 

 “Governmental Authority” means the government of the United States or any
other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guaranteed Obligations” has the meaning set forth in Article X. 

“Hedge Bank” has the meaning set forth in the definition of “Lender Swap Obligations”. 

“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. 

“Ineligible Assignee” means each Person set forth in Schedule 1.01(i) and any known affiliates of such Person that are
readily identifiable by legal name. 
 “Initial Borrowing Date” means the date of the initial Borrowing hereunder. 

“Intangible Assets” means all assets of the Company and the consolidated Subsidiaries that would be treated as intangibles in
conformity with GAAP on a consolidated balance sheet of the Company and the consolidated Subsidiaries. 
 “Interest Election
Request” means a request by the Borrowing Agent on behalf of the relevant Borrower to convert or continue a Revolving Committed Borrowing in accordance with Section 2.08, which shall be substantially in the form of
Exhibit H or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approve by the Administrative Agent), appropriately completed and signed by a
Responsible Officer of the Borrowing Agent. 
 “Interest Payment Date” means (a) with respect to any ABR Loan or
Alternative Currency Daily Rate Loan, the last day of each March, June, September and December and (b) with respect to any Term SOFR Loan or Alternative Currency Term Rate Loans the last day of the Interest Period applicable to the Borrowing of
which such Loan is a part and, in the case of a Term SOFR Borrowing or Alternative Currency Term Rate Borrowing with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at
intervals of three months’ duration after the first day of such Interest Period. 
 “Interest Period” means, with
respect to any Term SOFR Borrowing or Alternative Currency Term Rate Borrowing, the period commencing on the date such Borrowing is disbursed or converted to or continued as a Term SOFR Borrowing or Alternative Currency Term Rate Borrowing, as
applicable, and ending one, three or six months thereafter (in each case, subject to availability), as the Borrowing Agent, on behalf of the relevant Borrower, may elect in its Borrowing Request; provided that (i) if any Interest Period
would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on
the next preceding Business Day, (ii) any Interest Period pertaining to a Term SOFR Borrowing or Alternative Currency Term Rate Borrowing that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day 

  
 17 

 
in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period, and (iii) no Interest Period shall extend beyond
the Maturity Date. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made, and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“IRS” means the United States Internal Revenue Service. 

“Japanese Borrower” means any Japanese Subsidiary that has been designated as such pursuant to
Section 2.20 and that has not ceased to be a Japanese Borrower as provided in such Section. 
 “Japanese
Subsidiary” means any Subsidiary that is incorporated or otherwise organized in Japan. 
 “Judgment Currency” has
the meaning assigned to such term in Section 11.13(b). 
 “Lender Swap Obligations” the due and
punctual payment and performance of all obligations of the Borrowers (other than the Company) or any Subsidiary, monetary or otherwise, under (a) any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement or
other similar agreement or arrangement, (b) any foreign exchange contract, currency swap agreement, futures contract, option contract, synthetic cap or other similar agreement or arrangement or (c) any other swap agreement, in each case,
(i) entered into with any counterparty that was a Lender (or an Affiliate thereof) at the time such agreement, contract or arrangement (collectively, the “Lender Swap Agreements”) was entered into or (ii) in effect on the
Effective Date between or among any of the Borrowers (other than the Company) or any Subsidiary and a counterparty that is a Lender (or an Affiliate thereof) on the Effective Date (in each case of clauses (i) and (ii), any such counterparty, a
“Hedge Bank”); provided that the term “Lender Swap Obligations” shall not include any Excluded Swap Obligations. 

“Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto
pursuant to an Assignment and Acceptance or as provided in Section 2.10 (other than any such Person that shall have ceased to be a party hereto pursuant to an Assignment and Acceptance). 

“Leverage Ratio” means, at any time, the ratio of (a) the sum of (i) Total Debt at such time minus (ii) 100%
of the unencumbered and unrestricted cash and cash equivalents held by the Company and its Subsidiaries in excess of $500,000,000; provided that such cash and cash equivalents are free of any Liens to (b) Consolidated EBITDA for the most
recent period of four consecutive fiscal quarters of the Company ended at or prior to such time. 
 “Loan Documents” means
this Agreement, each Borrowing Subsidiary Agreement, each Borrowing Subsidiary Termination, the Fee Letter and each promissory note delivered pursuant to this Agreement. 

“Loan Parties” means the Borrowers. 

“Loans” means the loans made by the Lenders to the Borrowers pursuant to this Agreement. 

“Local Time” means Eastern Time (Daylight or Standard, as applicable) and, with respect to any borrowings and payments in any
Designated Foreign Currency or Singapore Dollars, the local time in the place of settlement for such Designated Foreign Currency or Singapore, as may be determined by the Administrative Agent, as the case may be, to be necessary for timely
settlement on the relevant date in accordance with normal banking procedures in the place of payment. 

  
 18 

 “Material Acquisition” means any acquisition, or a series of related
acquisitions, of (a) equity interests in any Person if, after giving effect thereto, such Person will become a Subsidiary of the Company or (b) assets comprising all or substantially all the assets of (or all or substantially all the
assets constituting a business unit, division, product line or line of business of) any Person; provided that the aggregate consideration therefor (including Debt assumed in connection therewith, all obligations in respect of deferred
purchase price (including obligations under any purchase price adjustment) and all other consideration payable in connection therewith (including payment obligations in respect of noncompetition agreements or other arrangements representing
acquisition consideration)) exceeds $200,000,000. 
 “Material Disposition” means any sale, transfer or other disposition,
or a series of related sales, transfers or other dispositions, of (a) all or substantially all the issued and outstanding equity interests in any Person that are owned by the Company or any of its Subsidiaries or (b) assets comprising all
or substantially all the assets of (or all or substantially all the assets constituting a business unit, division, product line or line of business of) any Person; provided that the aggregate consideration therefor (including Debt assumed by
the transferee in connection therewith, all obligations in respect of deferred purchase price (including obligations under any purchase price adjustment) and all other consideration payable in connection therewith (including payment obligations in
respect of noncompetition agreements or other arrangements representing acquisition consideration)) exceeds $200,000,000. 

“Material Subsidiary” means (a) any US Borrower (other than the Company), any Swiss Borrower, any Japanese Borrower or
any Singapore Borrower or any Additional Foreign Borrower, (b) any Subsidiary that directly or indirectly owns or Controls any Material Subsidiary and (c) any other Subsidiary (i) the net revenues of which for the most recent period
of four fiscal quarters of the Company for which audited financial statements have been delivered pursuant to Section 5.07 were greater than 10% of the Company’s consolidated net revenues for such period or
(ii) the net tangible assets of which as of the end of such period were greater than 10% of Consolidated Tangible Assets as of such date; provided that if at any time the aggregate amount of the net revenues or net tangible assets of all
Subsidiaries that are not Material Subsidiaries for or at the end of any period of four fiscal quarters exceeds 20% of the Company’s consolidated net revenues for such period or 20% of Consolidated Tangible Assets as of the end of such period,
the Company (or, in the event the Company has failed to do so within 10 days, the Administrative Agent) shall designate sufficient Subsidiaries as “Material Subsidiaries” to eliminate such excess, and such designated Subsidiaries shall for
all purposes of this Agreement constitute Material Subsidiaries. For purposes of making the determinations required by this definition, revenues and assets of Foreign Subsidiaries shall be converted into US Dollars at the rates used in preparing the
consolidated balance sheet of the Company included in the applicable financial statements. 
 “Maturity Date” means the
later of (a) July 15, 2027 and (b) if maturity is extended pursuant to Section 2.22, such extended maturity date as determined pursuant to such Section; provided, however, that, in each case, if
such date is not a Business Day, the Maturity Date shall be the next preceding Business Day. 
 “Modification Date” has the
meaning specified in Section 2.22(a). 
 “Moody’s” means Moody’s Investors Service,
Inc. and any successor thereto. 
 “Multicurrency Commitment” means, with respect to each Multicurrency Lender, the
commitment of such Multicurrency Lender to make Multicurrency Revolving Committed Loans pursuant to Section 2.01(a) to US Borrowers and Swiss Borrowers, expressed as an amount representing the maximum aggregate amount of
such Multicurrency Lender’s Multicurrency Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant
to assignments by or to such Lender pursuant to Section 11.04. The initial US Dollar Equivalent amount of each Multicurrency Lender’s Multicurrency Commitment is set forth on Schedule 2.01, or in the Assignment
and Acceptance pursuant to which such Multicurrency Lender shall have assumed its Multicurrency Commitment, as applicable. The aggregate amount of the Multicurrency Commitments on the date hereof is the US Dollar Equivalent of $525,000,000.

  
 19 

 “Multicurrency Commitment Percentage” means, with respect to any
Multicurrency Lender, the percentage (carried out to the ninth decimal place) of the total Multicurrency Commitments represented by such Lender’s Multicurrency Commitment, subject to adjustment as provided in
Section 2.21. If the Multicurrency Commitments have terminated or expired, the Multicurrency Commitment Percentages shall be determined based upon the Multicurrency Commitments most recently in effect, giving effect to any
assignments. The initial Multicurrency Commitment Percentage of each Multicurrency Lender is set forth opposite the name of such Multicurrency Lender on Schedule 2.01 or in the Assignment and Acceptance pursuant to which such Multicurrency
Lender becomes a party hereto, as applicable. 
 “Multicurrency Lender” mean a Lender with a Multicurrency Commitment. 

“Multicurrency Revolving Borrowing” means a Borrowing comprised of Multicurrency Revolving Committed Loans. 

“Multicurrency Revolving Committed Borrowing” means a Borrowing comprised of Multicurrency Revolving Committed Loans. 

“Multicurrency Revolving Committed Loan” means a Loan made by a Multicurrency Lender pursuant to
Section 2.01(a). Each Multicurrency Revolving Committed Loan made to a US Borrower and denominated in US Dollars shall be a Term SOFR Loan or an ABR Loan. Each Multicurrency Revolving Committed Loan made to a Swiss Borrower
and denominated in US Dollars shall be a Term SOFR Loan or an ABR Loan. Each Multicurrency Revolving Committed Loan denominated in a Designated Foreign Currency (including Swiss Revolving Committed Loans) shall be an Alternative Currency Loan. 

“Multicurrency Revolving Exposure” means, with respect to any Multicurrency Lender at any time, the sum at such time, without
duplication, of such Lender’s Multicurrency Commitment Percentage of the sum of the US Dollar Equivalent of the principal amounts of the outstanding Multicurrency Revolving Committed Loans. 

“Multicurrency Revolving Loan” means a Multicurrency Revolving Committed Loan. 

“Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the
Company or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

“Multiple Employer Plan” means a Pension Plan which has two or more contributing sponsors (including the Company or any ERISA
Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 
 “Non-Consenting Lender” means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of
Section 11.02 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. 

  
 20 

 “Non-Pension Plan” means any
employee benefit plan within the meaning of Section 3(3) of ERISA, excluding a Pension Plan, maintained for employees of the Company or any ERISA Affiliate or any such Plan to which the Company or any ERISA Affiliate is required to contribute
on behalf of any of its employees. 
 “Non-SOFR Successor Rate” has the meaning
specified in Section 2.14(c). 
 “Notice Date” has the meaning specified in
Section 2.22(b). 
 “Obligations” means (a) the due and punctual payment of (i) the
principal of and premium, if any, and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made
to any Borrower, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise and (ii) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary,
direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), of the Loan
Parties under this Agreement and the other Loan Documents, and (b) unless otherwise agreed upon in writing by the applicable Lender party thereto, the due and punctual payment and performance of all obligations of the Company or any Subsidiary,
monetary or otherwise, under each interest rate hedging agreement or foreign exchange swap contract relating to Obligations referred to in the preceding clause (a) entered into with any counterparty that was a Lender (or an Affiliate
thereof) at the time such hedging agreement or swap contract was entered into. 
 “OFAC” means the Office of Foreign Assets
Control of the United States Department of the Treasury. 
 “Other Taxes” means any and all present or future recording,
stamp, documentary, excise, transfer, sales, property or similar taxes (including, for the avoidance of doubt, any Swiss stamp duties or similar Swiss taxes, along with any similar stamp duties or similar taxes imposed by any Swiss local or
municipal Governmental Authority), charges or levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document. 

“Participant” has the meaning specified in Section 10.06(d). 

“Participant Register” has the meaning specified in Section 11.04(e). 

“Participating Member State” means any member state so described in any EMU Legislation. 

“PATRIOT Act” has the meaning assigned to such term in Section 11.16. 

“PBGC” means the Pension Benefit Guaranty Corporation. 

“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 the Company and any ERISA Affiliate 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. 

  
 21 

 “Platform” has the meaning specified in
Section 5.07. 
 “Public Lender” has the meaning specified in
Section 5.07. 
 “Prepayment Notice” means a notice by the Borrowing Agent on behalf of the
relevant Borrower of an optional prepayment of a Revolving Committed Borrowing in accordance with Section 2.11, which notice must be in a form acceptable to the Administrative Agent. 

“Prime Rate” means the rate of interest in effect for such day as publicly announced from time to time by Bank of America as
its “prime rate”. The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference
point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of
such change. 
 “Pro Forma Basis” means, with respect to compliance with any financial test or covenant herein (including
Section 6.07), compliance with such test or covenant after giving effect to (a) any Material Acquisition or (b) any Material Dispositions (including (i) pro forma adjustments arising out of events which are
directly attributable to any proposed Material Acquisition, or any Material Disposition, are factually supportable and are expected to have a continuing impact, in each case as determined on a basis consistent with Article 11 of Regulation S-X of the Securities Act of 1933, as amended, as interpreted by the staff of the Securities and Exchange Commission, (ii) pro forma adjustments determined in good faith by the Company that are consented to by
the Administrative Agent (such consent not to be unreasonably withheld) arising out of operating and other expense reductions attributable to such transaction being given pro forma effect that (x) have been realized or (y) will be
implemented following such transaction and are supportable and quantifiable and, in each case, including (A) reduction in personnel expenses, (B) reduction of costs related to administrative functions, (C) reduction of costs related
to leased or owned properties and (D) reductions from the consolidation of operations and streamlining of corporate overhead, and (iii) such other adjustments as determined in good faith by the Company that are consented to by the
Administrative Agent (such consent not to be unreasonably withheld), in each case as certified by an officer of the Company) using, for purposes of determining such compliance, the historical financial statements of all entities or assets so
acquired and the consolidated financial statements of the Company and its Subsidiaries and assuming that all Material Acquisitions that have been consummated during the period, and any Material Disposition and any Debt or other liabilities repaid in
connection therewith had been consummated and incurred or repaid at the beginning of such period (and assuming that such Debt to be incurred bears interest during any portion of the applicable measurement period prior to the relevant acquisition at
the interest rate which is or would be in effect with respect to such Debt as at the relevant date of determination). 

“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. 
 “Qualified Acquisition” means a Material Acquisition after the Effective Date by the Company
or a Subsidiary that has been designated to the Administrative Agent by a Responsible Officer of the Company as a “Qualified Acquisition”, so long as, on a Pro Forma Basis, the Leverage Ratio as of the last day of the most recently
completed four fiscal quarter period (for which financial statements have been delivered pursuant to Section 5.07(a) or (b)) prior to such acquisition would be at least 2.00 to 1.00. 

“Qualified ECP Guarantor” means, at any time, each Loan Party with total assets exceeding $10,000,000 or that qualifies at
such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity
Exchange Act. 

  
 22 

 “Qualifying Bank” means an entity which is duly licensed as a bank and
actively engaged in the banking business. 
 “Rate Determination Date” means two (2) Business Days prior to the
commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that, to the extent such market practice
is not administratively feasible for the Administrative Agent, then “Rate Determination Date” means such other day as otherwise reasonably determined by the Administrative Agent). 

“Receivable” has the meaning set forth in Section 6.02(q). 

“Receivables Subsidiary” means any special purpose, bankruptcy remote Subsidiary which is a transferee of (or interests in)
Receivables sold under Section 6.02(q). 
 “Register” has the meaning set forth in
Section 11.04. 
 “Related Parties” means, with respect to any specified Person, such
Person’s Affiliates and the respective directors, officers, employees, trustees, agents, partners, administrators, managers and advisors of such Person and such Person’s Affiliates. 

“Relevant Rate” means with respect to any Borrowing denominated in (a) Dollars, Term SOFR, (b) Sterling, SONIA,
(c) Swiss Francs, SARON, (d) Euros, EURIBOR, (e) Japanese Yen, TIBOR, and (f) Singapore Dollars, the SORA Daily Rate, as applicable. 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day
notice period has been waived. 
 “Required Lenders” means, at any time as applicable Lenders having Revolving Credit
Exposures and unused Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments of all the Lenders at such time or, if the commitment of a Lender to make Loans have been terminated pursuant to
Article VII, Lenders holding in the aggregate more than 50% of the outstanding amount of all Loans; provided that the Commitment of, and the portion of the Revolving Credit Exposures held or deemed held by, any Defaulting Lender shall
be excluded for purposes of making a determination of Required Lenders. 
 “Rescindable Amount” has the meaning as defined
in Section 2.18(c). 
 “Reset Date” has the meaning set forth in
Section 1.05(a). 
 “Resolution Authority” means an EEA Resolution Authority or, with
respect to any UK Financial Institution, a UK Resolution Authority. 
 “Response Deadline” has the meaning specified
in Section 2.22(b). 
 “Responsible Officer” means the chief executive officer, chief financial
officer, treasurer, or controller of a Loan Party and solely for purposes of the delivery of incumbency certificates pursuant to Section 4.01, the secretary or any assistant secretary of a Loan Party and, solely for
purposes of notices given pursuant to Article II, any other officer or employee of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent. Any document delivered hereunder that is
signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively
presumed to have acted on behalf of such Loan Party. 

  
 23 

 “Revolving Availability Period” means the period from and including the
Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments. 
 “Revolving
Borrowing” means a Borrowing comprised of Multicurrency Revolving Committed Loans, Singapore Dollar Enabled Revolving Loans or Yen Enabled Revolving Loans. 

“Revolving Committed Borrowing” means a Borrowing comprised of Multicurrency Revolving Committed Loans, Singapore Dollar
Enabled Revolving Loans or Yen Enabled Revolving Loans. 
 “Revolving Committed Loan” means any Multicurrency Revolving
Committed Loan, Singapore Dollar Enabled Revolving Loans or Yen Enabled Revolving Loan. 
 “Revolving Credit Exposure”
means with respect to any Lender, the Multicurrency Revolving Exposure, Yen Enabled Exposure and the Singapore Dollar Enabled Exposure of such Lender. 

“Revolving Loan” means any Multicurrency Revolving Loan, Singapore Dollar Enabled Revolving Loans or Yen Enabled Revolving
Loan. 
 “S&P” means Standard & Poor’s Financial Services LLC, a subsidiary of S&P Global Inc., and
any successor thereto. 
 “Same Day Funds” means (a) with respect to disbursements and payments in US Dollars,
immediately available funds, and (b) with respect to disbursements and payments in a currency other than US Dollars, same day or other funds as may be determined by the Administrative Agent to be customary in the place of disbursement or
payment for the settlement of international banking transactions in the relevant currency. 
 “Sanction(s)” means any
sanction administered or enforced by the United States Government (including without limitation, OFAC), the United Nations Security Council, the European Union, or Her Majesty’s Treasury (“HMT”) or other relevant sanctions
authority in other jurisdiction in which any Borrower is organized. 
 “SARON” means, with respect to any applicable
determination date, the Swiss Average Rate Overnight published on the fifth Business Day preceding such date on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the
Administrative Agent from time to time); provided however that if such determination date is not a Business Day, SARON means such rate that applied on the first Business Day immediately prior thereto. 

“SARON Adjustment” means, with respect to SARON, -0.0571%. 

“Scheduled Unavailability Date” has the meaning specified in Section 2.14(c). 

“Secured Debt” means Debt or any other obligation or liability of the Company or any Material Subsidiary the payment of which
is secured by a Security Interest. 
 “Security Interest” means any lien, security interest, mortgage or other charge or
encumbrance of any kind, title retention device, pledge or any other type of preferential arrangement, upon or with respect to any property of the Company or any Material Subsidiary, whether now owned or hereafter acquired. 

  
 24 

 “Singapore Bank” means the Administrative Agent or a Lender where such
entity is formed or recognized under the law of Singapore or resident, or having an office or a place of business, in Singapore. 

“Singapore Borrower” means any Singapore Subsidiary that has been designated as such pursuant to
Section 2.20 and that has not ceased to be a Singapore Borrower as provided in such Section. 
 “Singapore
Dollar” or “SGD” refers to the lawful currency of Singapore. 
 “Singapore Dollar Enabled
Commitment” means, with respect to each Singapore Dollar Enabled Lender, the commitment of such Singapore Dollar Enabled Lender to make Singapore Dollar Enabled Revolving Loans pursuant to Section 2.01(c),
expressed as an amount representing the maximum aggregate amount of such Singapore Dollar Enabled Lender’s Singapore Dollar Enabled Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to
Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 11.04. The initial US Dollar Equivalent amount of each
Singapore Dollar Enabled Lender’s Singapore Dollar Enabled Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which Singapore Dollar Enabled Lender shall have assumed its Singapore Dollar Enabled
Commitment, as applicable. The aggregate amount of the Singapore Dollar Enabled Commitments on the date hereof is the US Dollar Equivalent of $100,000,000. 

“Singapore Dollar Enabled Exposure” means, with respect to any Singapore Dollar Enabled Lender at any time, such
Lender’s Singapore Dollar Enabled Commitment Percentage of the sum of the US Dollar Equivalent of the principal amounts of the outstanding Singapore Dollar Enabled Revolving Loans. 

“Singapore Dollar Enabled Lender” mean a Lender with a Singapore Dollar Enabled Commitment which, with respect to any
Singapore Dollar Enabled Revolving Loan made to a Singapore Borrower, is (a) authorized to do so by a license, (b) an excluded moneylender or (c) an exempt moneylender, in each case, in accordance with the requirements of the
Moneylenders Act, Chapter 188 of Singapore. 
 “Singapore Dollar Enabled Commitment Percentage” means, with respect to any
Singapore Dollar Enabled Lender, the percentage (carried out to the ninth decimal place) of the total Singapore Dollar Enabled Commitments represented by such Lender’s Singapore Dollar Enabled Commitment subject to adjustment as provided in
Section 2.21. If the Singapore Dollar Enabled Commitments have terminated or expired, the Singapore Dollar Enabled Commitment Percentages shall be determined based upon the Singapore Dollar Enabled Commitments most recently
in effect, giving effect to any assignments. The initial Singapore Dollar Enabled Commitment Percentage of each Singapore Dollar Enabled Lender is set forth opposite the name of such Singapore Dollar Enabled Lender on Schedule 2.01 or in the
Assignment or Assumption pursuant to which such Singapore Dollar Enabled Lender becomes a party hereto, as applicable. 
 “Singapore
Dollar Enabled Revolving Borrowing” means a Borrowing comprised of Singapore Dollar Enabled Revolving Loans. 
 “Singapore
Dollar Enabled Revolving Loan” means a Loan made by a Singapore Dollar Enabled Lender pursuant to Section 2.01(c). Each Singapore Dollar Enabled Revolving Loan made to a US Borrower shall be denominated in US
Dollars and shall be a Term SOFR Loan or an ABR Loan, and each Singapore Dollar Enabled Revolving Loan made to a Singapore Borrower shall be denominated in Singapore Dollar and shall be an Alternative Currency Daily Rate Loan. 

“Singapore Subsidiary” means any Subsidiary that is incorporated or otherwise organized in Singapore. 

  
 25 

 “SOFR” means the Secured Overnight Financing Rate as administered by the
Federal Reserve Bank of New York (or a successor administrator). 
 “SOFR Adjustment” means 0.10% (10 basis points) for an
Interest Period of one-month’s duration, three-months’ duration or six-months’ duration. 

“SONIA” means, with respect to any applicable determination date, the Sterling Overnight Index Average Reference Rate
published on the fifth Business Day preceding such date on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time); provided
however that if such determination date is not a Business Day, SONIA means such rate that applied on the first Business Day immediately prior thereto. 

“SONIA Adjustment” means, with respect to SONIA, 0.0326%. 

“SORA Daily Rate” means, in relation to any Business Day: 

(a) the SORA Screen Rate for that Business Day; or 

(b) if the SORA Screen Rate is not available for that Business Day, a reference rate, being a daily rate, designated, nominated
or recommended as the replacement for SORA Daily Rate by the Monetary Authority of Singapore (and/or a committee officially endorsed or convened by the Monetary Authority of Singapore or any other person which takes over the administration of SORA
Daily Rate); or 
 (c) if the SORA Screen Rate or a replacement rate referred to in clause (b) above is not
available for that Business Day, a replacement rate, being a daily rate, selected by the Administrative Agent and agreed to by the Company, taking into account market conventions and regulatory guidance. 

“SORA Adjustment” means, with respect to SORA Daily Rate, 0.08%. 

“SORA Screen Rate” means SORA Daily Rate as published by the Monetary Authority of Singapore (or any other person which takes
over the publication of that rate) and is titled “SORA” at https://eservices.mas.gov.sg/Statistics/dir/DomesticInterestRates.aspx (or any replacement page which displays that rate) or on the appropriate page of such other information
service which displays that rate from time to time in place of the Monetary Authority of Singapore, and if such page or service ceases to be available, the Lender may specify another page or service displaying the relevant rate. 

“Special Notice Currency” means at any time a currency, other than the currency of a country that is a member of the
Organization for Economic Cooperation and Development at such time located in North America or Europe. 
 “Specified
Obligations” means Obligations consisting of the principal of and interest on Loans and fees. 
 “Specified Loan
Party” means any Loan Party that is not then an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to the last paragraph of Article X). 

“Sterling” or “£” means the lawful money of the United Kingdom. 

  
 26 

 “subsidiary” means, with respect to any Person, any entity with respect to
which such Person alone owns, such Person or one or more of its subsidiaries together own, or such Person and any Person Controlling such Person together own, in each case directly or indirectly, capital stock or other equity interests having
ordinary voting power to elect a majority of the members of the Board of Directors of such corporation or other entity or having a majority interest in the capital or profits of such corporation or other entity. 

“Subsidiary” means any subsidiary of the Company. 

“Successor Rate” has the meaning specified in Section 2.14(c). 

“Swap Obligation” means, with respect to any Loan Party, any obligation to pay or perform under any agreement, contract or
transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 
 “Swiss
Borrower” means any Swiss Subsidiary that has been designated as such pursuant to Section 2.20 and that has not ceased to be a Swiss Borrower as provided in such Section. 

“Swiss Francs” or “SF” means the lawful money of Switzerland. 

“Swiss Revolving Borrowing” means a Borrowing comprised of Swiss Revolving Committed Loans. 

“Swiss Revolving Committed Loan” means a Multicurrency Revolving Committed Loan made by a Multicurrency Lender to a Swiss
Borrower pursuant to Section 2.01(a). Each Swiss Revolving Committed Loan made to a Swiss Borrower shall be denominated in US Dollars or a Designated Foreign Currency other than Yen. 

“Swiss Subsidiary” means any Subsidiary that is incorporated or otherwise organized in Switzerland. 

“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). 

“TARGET Day” means any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) payment
system (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro. 

“Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by
any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
 “Term SOFR” means:

 (a) for any Interest Period with respect to a Term SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two
U.S. Government Securities Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that if the rate is not published prior to 11:00 a.m., Local Time, on such determination date
then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto, in each case, plus the SOFR Adjustment for such Interest Period; and 

  
 27 

 (b) for any interest calculation with respect to an ABR Loan on any date,
the rate per annum equal to the Term SOFR Screen Rate with a term of one month commencing that day; 
 provided that if Term SOFR determined in
accordance with either of the foregoing clauses (a) or (b) of this definition would otherwise be less than zero, Term SOFR shall be deemed zero for purposes of this Agreement. 

When used in reference to any Loan or Borrowing, “Term SOFR” refers to whether such Loan, or the Loans comprising such Borrowing,
are bearing interest at a rate determined by reference to Term SOFR. All Term SOFR Loans and Term SOFR Borrowings shall be denominated in US Dollars. 

“Term SOFR Screen Rate” means the forward-looking SOFR term rate administered by CME (or any successor administrator
satisfactory to the Administrative Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time). 

“Term SOFR Scheduled Unavailability Date” has the meaning specified in Section 2.14(b). 

“Term SOFR Successor Rate” has the meaning specified in Section 2.14(b). 

“Total Debt” means, at any date, the aggregate principal amount of all Debt of the Company and its consolidated Subsidiaries
at such date to the extent such Debt should be reflected on a consolidated balance sheet of the Company at such date in accordance with GAAP. 

“Tranche” means a category of Commitments and extensions of credit thereunder. For purposes hereof, each of the following
comprise a separate Tranche: (a) the Multicurrency Commitments and the Multicurrency Revolving Loans, (b) the Yen Enabled Commitments and the Yen Enabled Revolving Loans and (c) the Singapore Dollar Enabled Commitments and the
Singapore Dollar Enabled Revolving Loans. 
 “Transactions” means the execution, delivery and performance by the Loan
Parties of the Loan Documents, the borrowing of Loans and the use of the proceeds thereof. 
 “Transfer Assets” means
(a) when referring to the Company, the conveyance, transfer, lease or other disposition (whether in one transaction or in a series of transactions) of all or substantially all of the assets of the Company or of the Company and its Subsidiaries
taken as a whole, and (b) when referring to a Subsidiary, the conveyance, transfer, lease or other disposition (whether in one transaction or in a series of transactions) of all or substantially all of the assets of such Subsidiary. 

“Type”, means when used in reference to any Revolving Loan or Revolving Borrowing, refers to whether the rate of interest on
such Revolving Loan, or on the Revolving Loans comprising such Revolving Borrowing, is determined by reference to Term SOFR, the Alternative Currency Daily Rate, the Alternative Currency Term Rate or the Alternate Base Rate. 

“UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time
to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain
credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

  
 28 

 “UK Resolution Authority” means the Bank of England or any other public
administrative authority having responsibility for the resolution of any UK Financial Institution. 
 “US Borrowers” means
the Company, Edwards Lifesciences World Trade Corporation, Edwards Lifesciences LLC, Edwards Lifesciences (U.S.) Inc., Edwards Lifesciences Holding, Inc. and any other US Subsidiary that has been designated as a US Borrower pursuant to
Section 2.20 and that has not ceased to be a US Borrower as provided in such Section. 
 “US
Corporation” means a corporation organized and existing under the laws of the United States, any state thereof or the District of Columbia. 

“US Dollar Equivalent” means, on any date of determination, (a) with respect to any amount in US
Dollars, such amount, and (b) with respect to any amount expressed in US Dollars which is applicable to any amount in any Designated Foreign Currency, Singapore Dollar or Yen, the equivalent in US Dollars of such amount, determined by the
Administrative Agent pursuant to Section 1.05 using the Exchange Rate with respect to such Designated Foreign Currency, Singapore Dollar or Yen at the time in effect under the provisions of such Section. 

“US Dollars” or “$” means the lawful money of the United States of America. 

“US Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the
Code. 
 “US Subsidiary” means any Subsidiary that is incorporated or otherwise organized under the laws of the United
States or its territories or possessions. 
 “U.S. Government Securities Business Day” means any Business Day, except any
Business Day on which any of the Securities Industry and Financial Markets Association, the New York Stock Exchange or the Federal Reserve Bank of New York is not open for business because such day is a legal holiday under the federal laws of the
United States or the laws of the State of New York, as applicable. 
 “U.S. Tax Compliance Certificate” has the meaning set
forth in Section 2.17(e)(ii)(B)(3). 
 “Write-Down and Conversion Powers” means,
(a) 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, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under
the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or
obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that
Bail-In Legislation that are related to or ancillary to any of those powers. 
 “Yen” or “¥” refers to
the lawful money of Japan. 

  
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 “Yen Enabled Commitment” means, with respect to each Yen Enabled Lender,
the commitment of such Yen Enabled Lender to make Yen Enabled Revolving Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate amount of such Yen Enabled Lender’s Yen Enabled
Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to
Section 11.04. The initial US Dollar Equivalent amount of each Yen Enabled Lender’s Yen Enabled Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which Yen Enabled
Lender shall have assumed its Yen Enabled Commitment, as applicable. The aggregate amount of the Yen Enabled Commitments on the date hereof is the US Dollar Equivalent of $125,000,000. 

“Yen Enabled Exposure” means, with respect to any Yen Enabled Lender at any time, such Lender’s Yen Enabled Commitment
Percentage of the sum of the US Dollar Equivalent of the principal amounts of the outstanding Yen Enabled Revolving Loans. 

“Yen Enabled Lender” mean a Lender with a Yen Enabled Commitment. 

“Yen Enabled Commitment Percentage” means, with respect to any Yen Enabled Lender, the percentage (carried out to the ninth
decimal place) of the total Yen Enabled Commitments represented by such Lender’s Yen Enabled Commitment subject to adjustment as provided in Section 2.21. If the Yen Enabled Commitments have terminated or expired, the
Yen Enabled Commitment Percentages shall be determined based upon the Yen Enabled Commitments most recently in effect, giving effect to any assignments. The initial Yen Enabled Commitment Percentage of each Yen Enabled Lender is set forth opposite
the name of such Yen Enabled Lender on Schedule 2.01 or in the Assignment or Assumption pursuant to which such Yen Enabled Lender becomes a party hereto, as applicable. 

“Yen Enabled Revolving Borrowing” means a Borrowing comprised of Yen Enabled Revolving Loans. 

“Yen Enabled Revolving Loan” means a Loan made by a Yen Enabled Lender pursuant to Section 2.01(b).
Each Yen Enabled Revolving Loan made to a US Borrower shall be denominated in US Dollars and shall be a Term SOFR Loan or an ABR Loan, and each Yen Enabled Revolving Loan made to a Japanese Borrower shall be denominated in Yen and shall be an
Alternative Currency Term Rate Loan. 
 SECTION 1.02 Classification of Loans and Borrowings. For purposes of this Agreement, Loans
may be classified and referred to by Class (e.g., a “Multicurrency Revolving Committed Loan”) or by Type (e.g., a “Term SOFR Loan”) or by Class and Type (e.g., a “Term SOFR
Multicurrency Revolving Committed Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Multicurrency Revolving Committed Borrowing”) or by Type (e.g., a “Term SOFR
Borrowing”) or by Class and Type (e.g., a “Term SOFR Multicurrency Revolving Committed Borrowing”). 

SECTION 1.03 Terms Generally. With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in
such other Loan Document: 
 (a) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.
Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase
“without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement,
instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or
modifications set forth herein), (b) any reference 

  
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herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder” and words of
similar import shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and
Sections of, and Exhibits and Schedules to, this Agreement and (e) 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. 
 (b) 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.” 
 (c) 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. 
 (d) Any reference herein to a
merger, amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company (or
the unwinding of such a division or allocation), as if it were a merger, amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, as applicable, to, of or with a separate Person. Any division of a limited liability
company shall constitute a separate Person hereunder (and each division of any limited liability company that is a Subsidiary, joint venture or any other like term shall also constitute such a Person or entity). 

SECTION 1.04 Accounting Terms; GAAP. 

(a) Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP
as in effect from time to time; provided that if the Company notifies the Administrative Agent that the Company requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in
the application thereof on the operation of such provision (or if the Administrative Agent notifies the Company that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given
before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been
withdrawn or such provision amended in accordance herewith. Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, (i) Debt of the Company
and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of the Accounting Standards Codification of the Financial Accounting Standards Board 825 and
470-20 on financial liabilities shall be disregarded and (ii) operating leases and capital leases will be treated as constituting Debt or not constituting Debt in a manner consistent with the treatment
thereof under GAAP as of December 31, 2017 notwithstanding any modifications or interpretive changes thereto that have occurred or may occur after December 31, 2017. 

SECTION 1.05 Exchange Rates. (a) Not later than 10:00 a.m., Local Time, on each Calculation Date, the Administrative Agent shall
(i) determine the Exchange Rate as of such Calculation Date with respect to each Designated Foreign Currency, Yen or Singapore Dollars, as the case may be, and (ii) give written notice thereof to the Lenders and the Company. The Exchange
Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a “Reset Date”), shall remain effective until the next succeeding Reset Date, and shall for all purposes of
this Agreement (other than Section 11.13 or any other provision expressly requiring the use of a current Exchange Rate or in connection with any financial statements and amounts thereon or derived therefrom) be the Exchange
Rates employed in converting any amounts between US Dollars, Designated Foreign Currencies, Yen and Singapore Dollars. 

  
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 (b) Not later than 5:00 p.m., Local Time, on each Reset Date and each date on which
Revolving Loans denominated in any Designated Foreign Currency, Yen or Singapore Dollars are made or continued as an Alternative Currency Term Rate Loan, the Administrative Agent shall (i) determine the aggregate amount of the US Dollar
Equivalent of the principal amounts of the Revolving Loans of each Class denominated in Designated Foreign Currencies, Yen or Singapore Dollars (after giving effect to any Revolving Loans made or repaid on such date), and (ii) notify the
Lenders and the Company of the results of such determination. 
 SECTION 1.06 Redenomination of Certain Foreign Currencies.
(a) Each obligation of any party to this Agreement to make a payment denominated in the national currency unit of any member state of the European Union that adopts the Euro as its lawful currency after the date hereof shall be redenominated
into Euro at the time of such adoption (in accordance with the EMU Legislation). If, in relation to the currency of any such member state, the basis of accrual of interest expressed in this Agreement in respect of that currency shall be inconsistent
with any convention or practice in the London Interbank Market for the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such convention or practice with effect from the date on which such member state
adopts the Euro as its lawful currency; provided that if any Borrowing in the currency of such member state is outstanding immediately prior to such date, such replacement shall take effect, with respect to such Borrowing, at the end of the
then current Interest Period. 
 (b) Each provision of this Agreement shall be subject to such reasonable changes of construction as the
Administrative Agent may from time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or practices relating to the Euro. 

(c) Each provision of this Agreement also shall be subject to such reasonable changes of construction as the Administrative Agent may from
time to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices relating to the change in currency. 

SECTION 1.07 Accounting for Material Acquisitions and Material Dispositions. All calculations for the financial covenant in
Section 6.07 and the determination of the Applicable Rate for any period (or portion of a period) of measurement that includes the date of consummation of any Material Acquisition or Material Disposition shall be made on a
Pro Forma Basis. 
 SECTION 1.08 Additional Designated Foreign Currencies. 

(a) The Company may from time to time request that Alternative Currency Loans be made in a currency other than those specifically listed in
the definition of “Designated Foreign Currency”; provided that such requested currency is an Eligible Currency. In the case of any such request with respect to the making of Alternative Currency Loans, such request shall be subject
to the approval of the Administrative Agent and each Lender. 
 (b) Any such request shall be made to the Administrative Agent not later
than 11:00 a.m., Local Time, fifteen (15) Business Days prior to the date of the desired Borrowing (or such other time or date as may be agreed by the Administrative Agent). In the case of any such request pertaining to Alternative Currency
Loans, the Administrative Agent shall promptly notify each Lender thereof. Each Lender (in the case of any such request pertaining to Alternative Currency Loans) shall notify the Administrative Agent, not later than 11:00 a.m., Local Time, five
(5) Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Alternative Currency Loans in such requested currency. 

  
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 (c) Any failure by a Lender to respond to such request within the time period specified in
the preceding sentence shall be deemed to be a refusal by such Lender to permit Alternative Currency Loans to be made in such requested currency. If the Administrative Agent and all the Lenders consent to making Alternative Currency Loans in such
requested currency and the Administrative Agent and such Lenders reasonably determine that an appropriate interest rate is available to be used for such requested currency, the Administrative Agent shall so notify the Company and (i) the
Administrative Agent and such Lenders may amend the definition of Alternative Currency Daily Rate or Alternative Currency Term Rate to the extent necessary to add the applicable rate for such currency and any applicable adjustment for such rate and
(ii) to the extent the definition of Alternative Currency Daily Rate or Alternative Currency Term Rate, as applicable, has been amended to reflect the appropriate rate for such currency, such currency shall thereupon be deemed for all purposes
to be a Designated Foreign Currency for purposes of any Borrowings of Alternative Currency Loans. If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.08,
the Administrative Agent shall promptly so notify the Company. 
 SECTION 1.09 Interest Rates. The Administrative Agent does not
warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to any reference rate referred to herein or with respect to any rate (including, for
the avoidance of doubt, the selection of such rate and any related spread or other adjustment) that is an alternative or replacement for or successor to any such rate (including, without limitation, any Successor Rate) (or any component of any of
the foregoing) or the effect of any of the foregoing, or of any Conforming Changes. The Administrative Agent and its affiliates or other related entities may engage in transactions or other activities that affect any reference rate referred to
herein, or any alternative, successor or replacement rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing) or any related spread or other adjustments thereto, in each case, in a manner adverse to the
Company. The Administrative Agent may select information sources or services in its reasonable discretion to ascertain any reference rate referred to herein or any alternative, successor or replacement rate (including, without limitation, any
Successor Rate) (or any component of any of the foregoing), in each case pursuant to the terms of this Agreement, and shall have no liability to the Company, any Lender or any other person or entity for damages of any kind, including direct or
indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or other action or omission related to or affecting the selection,
determination, or calculation of any rate (or component thereof) provided by any such information source or service. 
 ARTICLE II 

THE CREDITS 
 SECTION 2.01
Commitments. (a) Subject to the terms and conditions set forth herein, each Multicurrency Lender agrees to make (i) Multicurrency Revolving Committed Loans denominated in US Dollars or Designated Foreign Currencies to the US
Borrowers, and (ii) Multicurrency Revolving Committed Loans denominated in US Dollars or Designated Foreign Currencies (other than Yen) to the Swiss Borrowers, in each case from time to time during the Revolving Availability Period in an
aggregate principal amount at any time outstanding that will not result in (A) such Lender’s Multicurrency Revolving Exposure exceeding its Multicurrency Commitment, (B) the aggregate amount of the Multicurrency Lenders’
Multicurrency Revolving Exposures of all (i) Multicurrency Revolving Committed Loans denominated in Designated Foreign Currencies made to US Borrowers and (ii) Swiss Revolving Committed Loans denominated in Designated Foreign Currencies,
collectively for both clauses (i) and (ii), exceeding the Designated Foreign Currency Sublimit, or (C) the aggregate amount of the Multicurrency Lenders’ Multicurrency Revolving Exposures plus the Lenders’ Yen
Enabled Exposures plus the Lenders’ Singapore Dollar Enabled Exposures exceeding the aggregate amount of the Aggregate Commitments. 

  
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 (b) Subject to the terms and conditions set forth herein, each Yen Enabled Lender agrees to
make (i) Yen Enabled Revolving Loans to the Japanese Borrowers denominated in Yen and (ii) Yen Enabled Revolving Loans to the US Borrowers denominated in US Dollars in an aggregate principal amount at any time outstanding that will not
result in (A) such Lender’s Yen Enabled Exposure exceeding its Yen Enabled Commitment, (B) the aggregate amount of the Lenders’ Yen Enabled Exposures exceeding the aggregate amount of the Yen Enabled Commitments or (C) the
aggregate amount of the Lenders’ Yen Enabled Exposures plus the Lenders’ Multicurrency Revolving Exposures plus the Lenders’ Singapore Dollar Enabled Exposures exceeding the aggregate amount of the Aggregate Commitments. 

(c) Subject to the terms and conditions set forth herein, each Singapore Dollar Enabled Lender agrees to make (i) Singapore Dollar
Enabled Revolving Loans to the Singapore Borrowers denominated in Singapore Dollars and (ii) Singapore Dollar Enabled Revolving Loans to the US Borrowers denominated in US Dollars in an aggregate principal amount at any time outstanding that
will not result in (A) such Lender’s Singapore Dollar Enabled Exposure exceeding its Singapore Dollar Enabled Commitment, (B) the aggregate amount of the Lenders’ Singapore Dollar Enabled Exposures exceeding the aggregate amount
of the Singapore Dollar Enabled Commitments or (C) the aggregate amount of the Lenders’ Singapore Dollar Enabled Exposures plus the Lenders’ Multicurrency Revolving Exposures plus the Lenders’ Yen Enabled Exposures exceeding the
aggregate amount of the Aggregate Commitments. 
 (d) Within the limits of each Lender’s Commitment, and subject to the other terms and
conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.11, and reborrow under this Section 2.01. 

SECTION 2.02 Loans and Borrowings. (a) Each Multicurrency Revolving Committed Loan shall be made as part of a Borrowing consisting
of Multicurrency Revolving Committed Loans made by the Multicurrency Lenders ratably in accordance with their respective Multicurrency Commitments. Each Yen Enabled Revolving Loan shall be made as part of a Borrowing consisting of Yen Enabled
Revolving Loans made by the Yen Enabled Lenders ratably in accordance with their respective Yen Enabled Commitments. Each Singapore Dollar Enabled Revolving Loan shall be made as part of a Borrowing consisting of Singapore Dollar Enabled Revolving
Loans made by the Singapore Dollar Enabled Lenders ratably in accordance with their respective Singapore Dollar Enabled Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its
obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required hereunder. 

(b) Subject to Section 2.14, (i) each Multicurrency Revolving Committed Borrowing shall be comprised entirely of
(A) in the case of a Borrowing denominated in US Dollars, Term SOFR Loans or ABR Loans and (B) in the case of a Borrowing denominated in a Designated Foreign Currency, Alternative Currency Daily Rate Loans or Alternative Currency Term Rate
Loans, in each case as the Borrowing Agent, on behalf of the applicable Borrower, may request in accordance herewith, (ii) each Yen Enabled Revolving Borrowing shall be comprised entirely of (A) in the case of a Borrowing denominated in
Yen, Alternative Currency Term Rate Loans and (B) in the case of a Borrowing denominated in US Dollars, Term SOFR Loans or ABR Loans, in each case as the Borrowing Agent, on behalf of the applicable Borrower may request in accordance herewith
and (iii) each Singapore Dollar Enabled Revolving Borrowing shall be comprised entirely of (A) in the case of a Borrowing denominated in Singapore Dollars, Alternative Currency Daily Rate Loans and (B) in the case of a Borrowing
denominated in US Dollars, Term SOFR 

  
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Loans or ABR Loans, in each case as the Borrowing Agent, on behalf of the applicable Borrower may request in accordance herewith. Each Lender at its option may make any Loan by causing any
domestic or foreign branch or Affiliate of such Lender to make such Loan (and in the case of an Affiliate, the provisions of Sections 2.14, 2.15, 2.16 and 2.17 shall apply to such Affiliate to the same extent as to such
Lender but no Affiliate shall be entitled to receive any greater payment under such sections than such Lender would have been entitled to receive); provided that any exercise of such option shall not affect the obligation of the applicable
Borrower to repay such Loan in accordance with the terms of this Agreement; provided, however, if any Lender determines that any Applicable Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful,
for any Lender to perform its obligations hereunder or to issue, make maintain, fund or charge interest with respect to any Loan to any Borrower who is organized under the laws of a jurisdiction other than the United States, a State thereof or the
District of Columbia, then on notice thereof by such Lender to the Borrowing Agent through the Administrative Agent, and until such notice by such Lender is revoked, any obligation of such Lender to issue, make, maintain, fund or charge interest
with respect to any such Loan shall be suspended. Upon receipt of such notice, the Loan Parties shall take all reasonable actions requested by such Lender to mitigate or avoid such illegality. 

(c) At the commencement of each Interest Period for any Borrowing, such Borrowing shall be in an aggregate amount that is at least equal to
the Borrowing Minimum and an integral multiple of the Borrowing Multiple; provided that an ABR Revolving Loan may be made in an aggregate amount that is equal to the aggregate available Multicurrency Commitments, Yen Enabled Commitments or
Singapore Dollar Enabled Commitments, as the case may be. Borrowings of more than one Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of (i) twelve Interest Periods
in effect with respect to Multicurrency Revolving Committed Borrowings, (ii) six Interest Periods in effect with respect to Swiss Revolving Borrowings outstanding (iii) six Interest Periods in effect with respect to Yen Enabled Revolving
Borrowings or (iv) six Interest Periods in effect with respect to Singapore Dollar Enabled Revolving Loans. 
 (d) Notwithstanding any
other provision of this Agreement, (i) the Borrowing Agent shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date,
(ii) the Borrowing Agent shall not be entitled to request any Loan other than a Yen Enabled Revolving Loan designated in Yen on behalf of any Japanese Borrower, (iii) the Borrowing Agent shall not be entitled to request any Loan other than
a Singapore Dollar Enabled Revolving Loan designated in Singapore Dollars on behalf of any Singapore Borrower, (iv) the Borrowing Agent shall not be entitled to request any Multicurrency Revolving Loan designated in Yen on behalf of any Swiss
Borrower, (v) the Borrowing Agent shall not be entitled to request any Yen Enabled Revolving Loan on behalf of any Borrower except as set forth in Section 2.01(b) and (vi) the Borrowing Agent shall not be entitled
to request any Singapore Dollar Enabled Revolving Loan on behalf of any Borrower except as set forth in Section 2.01(c). 

SECTION 2.03 Requests for Revolving Committed Borrowings. To request a Revolving Committed Borrowing, the Borrowing Agent on behalf of
the applicable Borrower, shall notify the Administrative Agent of such request by (a) telephone or (b) delivery of a Borrowing Request; provided that any telephonic notice must be confirmed immediately by delivery to the
Administrative Agent of a Borrowing Request. Each such Borrowing Request shall be received by the Administrative Agent (i) in the case of a Term SOFR Borrowing denominated in Dollars, not later than 1:00 p.m., Local Time, three Business Days
before the date of the proposed Borrowing, (ii) in the case of a Borrowing of Alternative Currency Daily Rate Loans or Alternative Currency Term Rate Loans, not later than 1:00 p.m., Local Time, four Business Days (or five Business Days in the
case of a Special Notice Currency) before the date of the proposed Borrowing, and (iii) in the case of an ABR Borrowing, not later than 1:00 p.m., Local Time, one Business Day before the date of the proposed Borrowing. Each such telephonic and
written Borrowing Request shall specify the following information in compliance with Section 2.02: 

  
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 (i) the Borrower on whose behalf the Borrowing Agent is requesting such
Borrowing; 
 (ii) whether the requested Borrowing is to be a Multicurrency Revolving Borrowing, a Yen Enabled Revolving
Borrowing or a Singapore Dollar Enabled Revolving Borrowing; 
 (iii) the currency and aggregate principal amount of the
requested Borrowing; 
 (iv) the date of the requested Borrowing, which shall be a Business Day; 

(v) the Type of the requested Borrowing; 

(vi) in the case of a Term SOFR Borrowing or an Alternative Currency Term Rate Borrowing, the initial Interest Period to be
applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; 
 (vii)
the location and number of the relevant Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.06; and 

(viii) in the case of a Borrowing in a Designated Foreign Currency, Yen or Singapore Dollars, the location from which payments
of the principal and interest on such Borrowing will be made. 
 If no election as to the Class of Borrowing is specified, then the requested Borrowing
shall be a Multicurrency Revolving Committed Borrowing. If no currency is specified with respect to any requested Revolving Committed Borrowing, then the Borrowing Agent, on behalf of the relevant Borrower shall be deemed to have selected
(i) in the case of a Japanese Borrower, Yen, (ii) in the case of a Singapore Borrower, Singapore Dollars, and (iii) in all other cases, US Dollars. In the case of a Borrowing denominated in US Dollars by a US Borrower, if no election
as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Term SOFR Borrowing or Alternative Currency Term Rate Borrowing, then the relevant
Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender that will make a Loan as
part of the requested Borrowing of the details thereof and of the amount of the Loan to be made by such Lender as part of the requested Borrowing. 

Notwithstanding anything to the contrary in this Agreement, any Lender may exchange, continue or rollover all of the portion of its Loans in connection with
any refinancing, extension, loan modification or similar transaction permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved by the Company, the Administrative Agent, and such Lender. 

SECTION 2.04 Reserved. 

SECTION 2.05 Reserved. 

SECTION 2.06 Funding of Borrowings. (a) Each Lender shall make each Revolving Committed Loan to be made by it hereunder on the
proposed date thereof by wire transfer of immediately available funds in the applicable currency by 11:00 a.m., Local Time, to the account of the Administrative Agent most recently designated by it for such purpose for Loans of such Class and
currency by notice to the applicable Lenders. The Administrative Agent will make such Revolving Committed Loans available to the relevant Borrower by promptly crediting the amounts so received, in like funds, either by (i) crediting the account
of such Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the
Borrowing Agent. 

  
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 (b) 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 subsection (a) of this Section and may, in reliance upon such assumption, make available to the relevant 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 such Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the
date such amount is made available to such Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of 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 or (ii) in the case of such
Borrower, the interest rate applicable to the subject Loan. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing and the Administrative Agent shall return
to such Borrower any amount (including interest) paid by such Borrower to the Administrative Agent pursuant to this subsection. 
 SECTION
2.07 Repayment of Borrowings; Evidence of Debt. (a) Each Borrower hereby unconditionally promises to pay to the Administrative Agent for the accounts of the applicable Lenders the then unpaid principal amount of each Revolving Committed
Borrowing of such Borrower on the Maturity Date. Each Borrower agrees to repay the principal amount of each Loan made to such Borrower and the accrued interest thereon in the currency of such Loan. 

(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of each Borrower to
such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 

(c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Class, Type
and currency thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from each Borrower to each Lender hereunder and (iii) the amount of any sum received
by the Administrative Agent hereunder for the accounts of the Lenders and each Lender’s share thereof. 
 (d) The entries made in the
accounts maintained pursuant to subsection (b) or (c) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the
Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of any Borrower to repay the Loans in accordance with the terms of this Agreement. 

(e) Any Lender may request that Loans of any Class made by it to any Borrower be evidenced by a promissory note. In such event, each
applicable Borrower shall prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form approved by the Administrative
Agent. Thereafter, the Loans evidenced by each such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 11.04) be represented by one or more promissory notes in such form
payable to the order of the payee named therein (or, if such promissory note is a registered note, to such payee and its registered assigns). 

  
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 SECTION 2.08 Interest Elections. (a) Each Revolving Committed Borrowing
initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Term SOFR Borrowing or an Alternative Currency Term Rate Borrowing, shall have an initial Interest Period as specified in such Borrowing Request.
Thereafter, the relevant Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Term SOFR Borrowing or an Alternative Currency Term Rate Borrowing, may elect Interest Periods therefor,
all as provided in this Section and on terms consistent with the other provisions of this Agreement. A Borrower may elect different options with respect to different portions of an affected Borrowing, in which case each such portion shall be
allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Revolving Committed Borrowing. 

(b) To make an election pursuant to this Section, the Borrowing Agent on behalf of the applicable Borrower, shall notify the Administrative
Agent of such election by (a) telephone or (b) delivery of an Interest Election Request; provided that any such telephonic election must be confirmed immediately by delivery to the Administrative Agent of an Interest Election
Request, in each case by the time that a Borrowing Request would be required under Section 2.03 if the Borrowing Agent on behalf of the applicable Borrower were requesting a Revolving Committed Borrowing of the Type
resulting from such election to be made on the effective date of such election. Notwithstanding any contrary provision herein, this Section shall not be construed to permit any Borrower to (i) change the currency of any Borrowing,
(ii) elect an Interest Period for Term SOFR Loans or Alternative Currency Term Rate Loans that does not comply with Section 2.02(d), (iii) convert any Borrowing to a Borrowing of a Type not available under the
Class of Commitments pursuant to which such Borrowing was made or (iv) convert any Borrowing to a Borrowing of a different Class. 

(c) Each telephonic and written Interest Election Request shall specify the following information in compliance with
Section 2.02: 
 (i) the Borrowing to which such Interest Election Request applies and, if
different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv)
below shall be specified for each resulting Borrowing); 
 (ii) the effective date of the election made pursuant to such
Interest Election Request, which shall be a Business Day; 
 (iii) the Type and Class of the resulting Borrowing; and

 (iv) if the resulting Borrowing is to be a Term SOFR Borrowing or an Alternative Currency Term Rate Borrowing, the
Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 

If any such Interest Election Request requests a Term SOFR Borrowing or an Alternative Currency Term Rate Borrowing but does not specify an Interest Period,
then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

  
 38 

 (d) Promptly following receipt of an Interest Election Request, the Administrative Agent
shall advise each Lender holding a Loan to which such request relates of the details thereof and of such Lender’s portion of each resulting Borrowing. 

(e) If the Borrowing Agent fails to deliver a timely Interest Election Request with respect to a Term SOFR Borrowing or an Alternative
Currency Term Rate Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period, such Borrowing shall (i) in the case of a Borrowing made to a
US Borrower and denominated in US Dollars, be converted to an ABR Borrowing and (ii) in the case of an Alternative Currency Term Rate Borrowing, be converted to or continued as an Alternative Currency Term Rate Borrowing with an Interest Period
of one month. 
 SECTION 2.09 Termination and Reduction of Commitments. (a) Unless previously terminated, the Commitments shall
terminate on the Maturity Date. 
 (b) The Company may at any time terminate, or from time to time reduce, the Commitments of any Class;
provided that (i) each reduction of the Commitments of any Class shall be in an amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum, (ii) the Company shall not terminate or
reduce the Multicurrency Commitments if, after giving effect to any concurrent prepayment of the Multicurrency Revolving Committed Loans in accordance with Section 2.11, (w) the aggregate Multicurrency Revolving Exposures
would exceed the aggregate Multicurrency Commitments, (x) the aggregate amount of the Multicurrency Lenders’ Multicurrency Revolving Exposures of all Multicurrency Revolving Committed Loans denominated in Designated Foreign Currencies
would exceed the Designated Foreign Currency Sublimit, (iii) if, after giving effect to any reduction of the Multicurrency Commitments, the Designated Foreign Currency Sublimit exceeds the amount of the Multicurrency Commitments, such
Designated Foreign Currency Sublimit shall be automatically reduced by the amount of such excess, (iv) the Company shall not terminate or reduce the Yen Enabled Commitments if, after giving effect to any concurrent prepayment of the Yen Enabled
Revolving Loans in accordance with Section 2.11, the aggregate Yen Enabled Exposures would exceed the aggregate Yen Enabled Commitments and (v) the Company shall not terminate or reduce the Singapore Dollar Enabled
Commitments if, after giving effect to any concurrent prepayment of the Singapore Dollar Enabled Revolving Loans in accordance with Section 2.11, the aggregate Singapore Dollar Enabled Exposures would exceed the aggregate
Singapore Dollar Enabled Commitments. 
 (c) The Company shall notify the Administrative Agent of any election to terminate or reduce the
Commitments of any Class under subsection (b) of this Section at least two Business Days prior to the effective date of such termination or reduction (or in the event of a termination or reduction of any outstanding Loans
denominated in a Designated Foreign Currency or Singapore Dollars, at least four Business Days prior) (or, in each case, such shorter period of time acceptable to the Administrative Agent), specifying the effective date of such election. Promptly
following receipt of any such notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each notice delivered by the Company pursuant to this Section shall be irrevocable; provided that a notice of
termination or reduction of the Commitments delivered by the Company may state that such notice is conditioned upon the effectiveness of other credit facilities or Debt, in which case such notice may be revoked by the Company (by notice to the
Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments of any Class shall be permanent. Each reduction of the Commitments of any Class shall be
made ratably among the applicable Lenders in accordance with their respective Commitments of such Class. 

  
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 SECTION 2.10 Term Loan Option; Increase in Multicurrency Commitments. (a) The
Borrowing Agent may, by written notice to the Administrative Agent request (i) an increase in the Multicurrency Commitments (a “Multicurrency Commitment Increase”), an increase in Yen Enabled Commitments (a “Yen Enabled
Commitment Increase”) and/or Singapore Dollar Enabled Commitments (a “Singapore Dollar Enabled Commitment Increase”), (ii) the addition of a new tranche of term loans (each a “Term Loan” and together with
any Multicurrency Commitment Increase, Yen Enabled Commitment Increase or Singapore Dollar Enabled Commitment Increase, an “Incremental Increase”) or (iii) a combination thereof; provided that (w) after giving
effect to any such Incremental Increase, the sum of the total Multicurrency Commitments shall not exceed $850,000,000 plus any reductions in the Yen Enabled Commitments and Singapore Dollar Enabled Commitments pursuant to
Section 2.09(b), (x) in no event, after giving effect to any such Incremental Increase shall the Aggregate Commitments plus any Term Loan exceed $1,000,000,000, (y) if such Incremental Increase is a Multicurrency Commitment
Increase, it shall increase the Designated Foreign Currency Sublimit in a like amount, and (z) each such Incremental Increase (whether a Multicurrency Commitment Increase, Yen Enabled Commitment Increase, Singapore Dollar Enabled Commitment
Increase or a Term Loan) shall not be for less than a minimum principal amount of $25,000,000 or, if less, the remaining amount permitted pursuant to the foregoing clause (x). Such notice shall set forth the amount of the requested
Incremental Increase, whether such Incremental Increase is to be a Multicurrency Commitment Increase, Yen Enabled Commitment Increase, Singapore Dollar Enabled Commitment Increase or a Term Loan and the date on which such Incremental Increase is
requested to become effective (which shall not be less than 10 Business Days (or such shorter period of time acceptable to the Administrative Agent)). The Borrowing Agent shall indicate to the Administrative Agent if such request shall be made to
the existing Lenders or particular Lenders (but the Borrowing Agent shall not be required to offer any such proposed increase to any Lender) or to one or more banks or other financial institutions reasonably acceptable to the Administrative Agent
(any such bank or other financial institution being called an “Augmenting Lender”), which may include any Multicurrency Lender, Yen Enabled Lender, Singapore Dollar Enabled Lender or a combination thereof; provided that each
Augmenting Lender, if not already a Multicurrency Lender, Yen Enabled Lender, or Singapore Dollar Enabled Lender hereunder, shall be subject to the approval of the Administrative Agent (which approval shall not be unreasonably withheld) and the
Borrowers and each Augmenting Lender shall execute all such documentation as the Administrative Agent shall reasonably specify to evidence the Incremental Increase of such Augmenting Lender and/or its status as a Lender hereunder (including, but not
limited to, in the case of a Term Loan, a Term Facility Amendment (as defined below)). No Lender shall be obligated to increase its Multicurrency Commitment, Yen Enabled Commitment or Singapore Dollar Enabled Commitment, or to provide a Term Loan
pursuant to this Section 2.10. Each Lender that receives such request shall, by notice to the Borrowing Agent and the Administrative Agent given not more than 10 Business Days (or such other period of time designated by the
Borrower Agent and agreed upon by the Administrative Agent) after the date of the Borrowing Agent’s notice, (A) agree to increase its applicable Multicurrency Commitment, Yen Enabled Commitment and Singapore Dollar Enabled Commitment by
all or a portion of the offered amount, (B) agree to provide a term loan to any Borrower in an amount equal to all or a portion of the requested Term Loan (each Lender so agreeing being an “Increasing Lender”) or
(C) decline to increase its applicable Multicurrency Commitment, Yen Enabled Commitment or Singapore Dollar Enabled Commitment, or provide a Term Loan (and any Lender that does not deliver such a notice within such period of time shall be
deemed to have declined to increase its Multicurrency Commitment, Yen Enabled Commitment or Singapore Dollar Enabled Commitment, or to provide a Term Loan) (each Lender so declining or deemed to have declined being a “Non-Increasing Lender”). If Lenders and/or Augmenting Lenders, as applicable, shall have agreed pursuant to the preceding sentence to increase their Multicurrency Commitments, Yen Enabled Commitments or
Singapore Dollar Enabled Commitments or to provide a Term Loan in an aggregate amount less than the increase in the total Multicurrency Commitments, Yen Enabled Commitments or Singapore Dollar Enabled Commitments or Term Loan requested by the
Borrowing Agent, then the Multicurrency Commitments, Yen Enabled Commitments or Singapore Dollar Enabled Commitments shall be increased or the Term Loan shall be made in such lesser amount. 

  
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 (b) On the effective date (the “Increase Effective Date”) of any
Multicurrency Commitment Increase, Yen Enabled Commitment Increase and/or Singapore Dollar Enabled Commitment Increase, (i) the aggregate principal amount of the Multicurrency Revolving Loans (the “Initial Multicurrency Loans”)
and/or Yen Enabled Revolving Loans (the “Initial Yen Enabled Loans”) and/or Singapore Dollar Enabled Revolving Loans (the “Initial Singapore Dollar Enabled Loans”), outstanding immediately prior to giving effect to
the Multicurrency Commitment Increase, Yen Enabled Commitment Increase and/or Singapore Dollar Enabled Commitment Increase, as applicable, on the Increase Effective Date shall be deemed to be paid, (ii) each Increasing Lender and each
Augmenting Lender that shall have been a Multicurrency Lender, Yen Enabled Lender or Singapore Enabled Lender prior to the Multicurrency Commitment Increase, Yen Enabled Commitment Increase and/or Singapore Dollar Enabled Commitment Increase shall
pay to the Administrative Agent in Same Day Funds an amount equal to the difference between (A) the product of (1) such Multicurrency Lender’s Multicurrency Commitment Percentage, such Yen Enabled Lender’s Yen Enabled Commitment
Percentage, or such Singapore Dollar Enabled Lender’s Singapore Dollar Enabled Commitment Percentage, as applicable (in each case, calculated after giving effect to the Multicurrency Commitment Increase, Yen Enabled Commitment Increase or
Singapore Dollar Enabled Commitment Increase, as applicable), multiplied by (2) the amount of the Subsequent Borrowings (as hereinafter defined) and (B) the product of (1) such Multicurrency Lender’s Multicurrency Commitment
Percentage such Yen Enabled Lender’s Yen Enabled Commitment Percentage, or such Singapore Dollar Enabled Lender’s Singapore Dollar Enabled Commitment Percentage, as applicable (in each case, calculated without giving effect to the
Multicurrency Commitment Increase, Yen Enabled Commitment Increase or Singapore Dollar Enabled Commitment Increase, as applicable), multiplied by (2) the amount of, as applicable, the Initial Multicurrency Loans, Initial Yen Enabled Loans or
Initial Singapore Dollar Enabled Loans, (iii) each Augmenting Lender that shall not have been a Multicurrency Lender, Yen Enabled Lender or Singapore Dollar Enabled Lender, as applicable, prior to the Multicurrency Commitment Increase, Yen
Enabled Commitment Increase or Singapore Dollar Enabled Commitment Increase, as applicable, shall pay to the Administrative Agent in Same Day Funds an amount equal to the product of (1) such Augmenting Lender’s Multicurrency Commitment
Percentage, Yen Enabled Commitment Percentage or Singapore Dollar Enabled Commitment Percentage, as applicable (in each case, calculated after giving effect to the Multicurrency Commitment Increase, Yen Enabled Commitment Increase or Singapore
Dollar Enabled Commitment Increase, as applicable) multiplied by (2) the amount of the Subsequent Borrowings, (iv) after the Administrative Agent receives the funds specified in clauses (ii) and (iii) above, the
Administrative Agent shall pay to each Non-Increasing Lender the portion of such funds that is equal to the difference between (A) the product of (1) such
Non-Increasing Lender’s Multicurrency Commitment Percentage, Yen Enabled Commitment Percentage or Singapore Dollar Enabled Commitment Percentage, as applicable (in each case, calculated without giving
effect to the Multicurrency Commitment Increase, Yen Enabled Commitment Increase or Singapore Dollar Enabled Commitment Increase, as applicable) multiplied by (2) as applicable, the amount of the Initial Multicurrency Loans, Initial Yen Enabled
Loans or Initial Singapore Dollar Enabled Loans and (B) the product of (1) such Non-Increasing Lender’s Multicurrency Commitment Percentage (calculated after giving effect to the Multicurrency
Commitment Increase, Yen Enabled Commitment Increase or Singapore Dollar Enabled Commitment Increase, as applicable) multiplied by (2) the amount of the Subsequent Borrowings, (v) after the effectiveness of the Multicurrency Commitment
Increase, Yen Enabled Commitment Increase or Singapore Dollar Enabled Commitment Increase, as applicable the applicable Borrowers shall be deemed to have made new Borrowings (the “Subsequent Borrowings”) in an aggregate principal
amount equal to the aggregate principal amount of, as applicable, the Initial Multicurrency Loans, Initial Yen Enabled Loans or Initial Singapore Dollar Enabled Loans, and of the types and for the Interest Periods specified in a Borrowing Request
delivered to the Administrative Agent in accordance with Section 2.03, (vi) each Non-Increasing Lender, each Increasing Lender and each Augmenting Lender shall be deemed to hold its
Multicurrency Revolving Percentage, Yen Enabled Commitment Percentage or Singapore Dollar Enabled Commitment Percentage, as applicable, of each Subsequent Borrowing (each calculated after giving effect to the Multicurrency Commitment Increase, Yen
Enabled Commitment Increase or Singapore Dollar Enabled Commitment Increase, as applicable) and (vii) 

  
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the applicable Borrowers shall pay each Increasing Lender and each Non-Increasing Lender any and all accrued but unpaid interest on the Initial
Multicurrency Loans, Initial Yen Enabled Loans or Initial Singapore Dollar Enabled Loans, as applicable. The deemed payments made pursuant to clause (i) above in respect of each Term SOFR Loan and Alternative Currency Term Rate Loan
shall be subject to indemnification by the Borrowers pursuant to the provisions of Section 2.16 if the Increase Effective Date occurs other than on the last day of the Interest Period relating thereto and breakage costs
result. 
 (c) Multicurrency Commitment Increases, Yen Enabled Commitment Increases, Singapore Dollar Enabled Commitment Increases and Term
Loans created pursuant to this Section 2.10 shall become effective on the date specified in the notice delivered by the Company pursuant to the first sentence of subsection (a) above. 

(d) Notwithstanding the foregoing: 

(i) No Multicurrency Commitment Increase, Yen Enabled Commitment Increase, Singapore Dollar Enabled Commitment Increase, Term
Loan or addition of an Augmenting Lender shall become effective under this Section unless, (i) on the date of such increase or loan, the conditions set forth in subsections (a) and (b) of
Section 4.02 shall be satisfied and the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Responsible Officer of the Company, and (ii) the Administrative Agent
shall have received (with sufficient copies for each of the Lenders) documents consistent with those delivered on the Effective Date under clauses (b) and (c) of Section 4.01 as to the corporate or other
organizational power and authority of the applicable Borrowers to borrow hereunder after giving effect to such increase or loan. 

(ii) In addition, no Term Loan shall become effective under this Section unless the Administrative Agent, the applicable
Increasing Lenders, the applicable Augmenting Lenders, and the Borrowers shall have entered into an amendment to this Agreement (a “Term Facility Amendment”) setting forth the terms of the Term Loan. Each Term Loan (a) shall
rank pari passu or junior in right of payment with the Loans (and any such Term Loan which is junior in right of payment shall have customary subordination, standstill and other provisions reasonably acceptable to the Administrative
Agent), (b) shall not mature earlier than the Maturity Date, (c) shall have a weighted average life and contain terms as to prepayments, amortization and pricing that are reasonably acceptable to the Administrative Agent, and (d) shall not
contain additional or different covenants or financial covenants which are more restrictive in any material respect than the covenants in the Loan Documents at the time of the incurrence of such Term Loan unless either (x) such covenants
benefit all of the Lenders or are otherwise consented to by the Administrative Agent or (y) such covenants apply only after the Maturity Date. 

(iii) Borrowers shall deliver or cause to be delivered any customary legal opinions reasonably requested by Agent in connection
with any such transaction pursuant to this Section 2.10. 
 (iv) (x) Upon the reasonable request of
any Lender made at least five Business Days prior to the effective date of such Multicurrency Commitment Increase, Yen Enabled Commitment Increase, Singapore Dollar Enabled Commitment Increase or Term Loan, the Borrowers shall have provided to such
Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without
limitation, the PATRIOT Act, in each case at least two days prior to the Increase Effective 

  
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Date and (y) at least two days prior to the effective date of such Multicurrency Commitment Increase, Yen Enabled Commitment Increase, Singapore Dollar Enabled Commitment Increase or Term
Loan, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Lender that so requests at least five Business Days prior to the Increase Effective Date, a Beneficial
Ownership Certification in relation to such Loan Party. 
 (v) Each Term Facility Amendment or other joinder or amendment
document executed in connection with an Incremental Increase may, without the consent of any Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, as determined by the Administrative Agent,
to give effect to the provisions of this Section 2.10 (including amendments to the definition of “Lenders” and “Required Lenders” to include the applicable Incremental Increase). 

(e) Conflicting Provisions. This Section 2.10 shall supersede any provisions in
Section 2.18 or 11.02 to the contrary. 
 SECTION 2.11 Prepayment of Loans. (a) Any Borrower
shall have the right at any time and from time to time to prepay any Borrowing of such Borrower in whole or in part, subject to prior notice in accordance with subsection (d) of this Section. 

(b) If on any Reset Date, the aggregate amount of Yen Enabled Exposures shall exceed 105% of the aggregate Yen Enabled Commitments, then the
Japanese Borrowers shall, not later than the second succeeding Business Day, prepay one or more Yen Enabled Revolving Borrowings in an aggregate principal amount sufficient to eliminate such excess. If on any Reset Date, the aggregate amount of
Singapore Dollar Enabled Exposures shall exceed 105% of the aggregate Singapore Dollar Enabled Commitments, then the Singapore Borrowers shall, not later than the second succeeding Business Day, prepay one or more Singapore Dollar Enabled Revolving
Borrowings in an aggregate principal amount sufficient to eliminate such excess. If, on any Reset Date, the aggregate outstanding amount of Multicurrency Revolving Committed Loans denominated in a Designated Foreign Currency made to Swiss Borrowers,
US Borrowers and, solely to the extent approved by the Administrative Agent and all of the Lenders pursuant to Section 2.20, Additional Foreign Borrowers, as the case may be, shall exceed 105% of the Designated Foreign
Currency Sublimit then in effect, then such Swiss Borrowers, US Borrowers and, if applicable, the Additional Foreign Borrower shall, not later than the second succeeding Business Day, prepay one or more Multicurrency Revolving Committed Borrowings
denominated in a Designated Foreign Currency in an aggregate principal amount sufficient to reduce such outstanding amount as of such date of payment to an amount not to exceed 100% of the Designated Foreign Currency Sublimit then in effect. 

(c) Prior to any optional or mandatory prepayment of Borrowings hereunder, the Borrowing Agent, on behalf of each applicable Borrower, shall
select the Borrowing or Borrowings to be prepaid and shall specify such selection in the notice of such prepayment pursuant to subsection (d) of this Section. 

(d) The Borrowing Agent on behalf of the applicable Borrower, shall notify the Administrative Agent of any prepayment of a Borrowing
hereunder, which may be given by (x) telephone or (y) a Prepayment Notice; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Prepayment Notice, (i) in the case of a
Term SOFR Borrowing designated in Dollars, not later than 1:00 p.m., Local Time, three Business Days before the date of such prepayment, (b) in the case of a Borrowing designated in a Designated Foreign Currency or Singapore Dollars, not later
than 1:00 p.m., Local Time, four Business Days before the date of such prepayment, and (c) in the case of an ABR Borrowing, not later than 1:00 p.m., Local Time, one Business Day before the date of such prepayment. Each such notice shall be
irrevocable, shall specify the prepayment date and the principal 

  
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amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of optional prepayment is given in connection with a conditional notice of termination or reduction of
the Commitments as contemplated by Section 2.09(c) or the effectiveness of credit facilities or Debt, then such notice of prepayment may be revoked if such notice of termination or reduction is revoked by the Company (by
notice to the Administrative Agent on or prior to the specific prepayment date) if such condition is not satisfied. Promptly following receipt of any such notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof.
Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied
ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by (i) accrued interest to the extent required by Section 2.13 and (ii) break funding payments pursuant to
Section 2.16. 
 SECTION 2.12 Fees. (a) The Company agrees to pay to the Administrative Agent for the
account of each Lender a facility fee, which shall accrue at the Applicable Rate on the daily amount of the Commitments of such Lender (whether used or unused) during the period from and including the date hereof to but excluding the date on which
the last of such Commitments terminates; provided that, if such Lender continues to have any Exposure of any Class after its Commitment of such Class terminates, then such facility fee shall continue to accrue on the daily amount of
such Lender’s Exposure of such Class to but excluding the date on which such Lender ceases to have any such Exposure. Accrued facility fees shall be payable in arrears on the last day of March, June, September and December of each year,
commencing on the first such date to occur after the date hereof, and on the date on which all the Commitments shall have terminated and the Lenders shall have no further Exposures. All facility fees shall be computed on the basis of a year of 360
days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 
 (b) The Company
agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Company and the Administrative Agent, including without limitation those fees set forth in the Fee
Letter. 
 (c) All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent for
distribution, in the case of facility fees, to the Lenders. Fees paid shall not be refundable under any circumstances. 
 SECTION 2.13
Interest. (a) The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate. 

(b) The Loans comprising each Term SOFR Borrowing shall bear interest at Term SOFR for the Interest Period in effect for such Borrowing
plus the Applicable Rate. 
 (c) The Loans comprising each Alternative Currency Daily Rate Borrowing shall bear interest at the
Alternative Currency Daily Rate plus the Applicable Rate. 
 (d) The Loans comprising each Alternative Currency Term Rate Borrowing
shall bear interest at the Alternative Currency Term Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate. 

(e) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee payable by any Borrower hereunder is not paid when
due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (x) in the case of overdue principal of any Loan, 2% per annum plus
the rate otherwise applicable to such Loan as provided in the preceding subsections of this Section or (y) in the case of any other amount, 2% plus the rate applicable to ABR Revolving Loans as provided in subsection
(a) above (such rates, collectively, the “Default Rate”). 

  
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 (f) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date
for such Loan; provided that (i) interest accrued pursuant to subsection (e) above shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving
Loan prior to the end of the Revolving Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Term SOFR
Revolving Committed Loan or Alternative Currency Term Rate Revolving Committed Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

(g) All interest hereunder shall be computed on the basis of a year of 360 days, except that (i) (A) interest on Borrowings denominated
in Sterling and (B) interest computed by reference to the Alternate Base Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including
the first day but excluding the last day) and (ii) interest on Borrowings denominated in Singapore Dollars shall be computed on the basis of a year of 365 days (or 366 days in a leap year) and shall be payable for the actual number of days
elapsed (including the first day but excluding the last day); provided that, in the case of Revolving Committed Loans denominated in Designated Foreign Currencies designated after the Effective Date as to which market practice differs from
the foregoing, interest hereunder shall be computed in accordance with such market practice for such Designated Foreign Currencies. The applicable Alternate Base Rate, Term SOFR, Alternative Currency Daily Rate or Alternative Currency Term Rate
shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error. 
 (h) If, as a result of
any restatement of or other adjustment to the financial statements of the Company or for any other reason, the Company or the Lenders determine that (i) the Leverage Ratio as calculated by the Company as of any applicable date was inaccurate
and (ii) a proper calculation of the Leverage Ratio would have resulted in higher pricing for such period, each Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable
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 any 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 subsection shall
not limit the rights of the Administrative Agent or any Lender under Section 2.12(b) or 2.13(e) or under Article VII. The Borrowers’ obligations under this subsection shall survive the termination of the
Commitments and the repayment of all other Obligations hereunder. 
 SECTION 2.14 Inability to Determine Rates. 

(a) If in connection with any request for a Term SOFR Loan or an Alternative Currency Loan or a conversion of ABR Loans to Term SOFR Loans or
a continuation of any of such Loans, as applicable, (i) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (A) no Successor Rate for the Relevant Rate for the applicable currency has
been determined in accordance with Section 2.14(b) or Section 2.14(c) and the circumstances under clause (i) of Section 2.14(b) or of
Section 2.14(c) or the Scheduled Unavailability Date has occurred with respect to such Relevant Rate (as applicable), or (B) adequate and reasonable means do not otherwise exist for determining the Relevant Rate for
the applicable currency for any determination date(s) or requested Interest Period, as applicable, with respect to a proposed Term SOFR Loan or an Alternative Currency Loan or in connection with an existing or proposed ABR Loan, or (ii) the
Administrative Agent or the Required Lenders determine that for any reason that the Relevant Rate with respect to a proposed Loan denominated in a currency for any requested Interest Period or determination date(s) does not adequately and fairly
reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Company and each Lender. 

  
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 Thereafter, (x) the obligation of the Lenders to make or maintain Loans in the affected
currencies, as applicable, or to convert ABR Loans to Term SOFR Loans, shall be suspended in each case to the extent of the affected Alternative Currency Loans or Interest Period or determination date(s), as applicable, and (y) in the event of
a determination described in the preceding sentence with respect to the Term SOFR component of the Alternate Base Rate, the utilization of the Term SOFR component in determining the Alternate Base Rate shall be suspended, in each case until the
Administrative Agent (or, in the case of a determination by the Required Lenders described in clause (ii) of this Section 2.14(a), until the Administrative Agent upon instruction of the Required Lenders) revokes
such notice. 
 Upon receipt of such notice, (i) the Borrowers may revoke any pending request for a Borrowing of, or conversion to Term
SOFR Loans, or Borrowing of, or continuation of Alternative Currency Loans to the extent of the affected Alternative Currency Loans or Interest Period or determination date(s), as applicable or, failing that, will be deemed to have converted such
request into a request for a Revolving Committed Borrowing of ABR Loans denominated in US Dollars in the US Dollar Equivalent of the amount specified therein and (ii) (A) any outstanding Term SOFR Loans shall be deemed to have been
converted to ABR Loans immediately and (B) any outstanding affected Alternative Currency Loans, at the Company’s election, shall either (1) be converted into a Revolving Committed Borrowing of ABR Loans denominated in US Dollars in
the US Dollar Equivalent of the amount of such outstanding Alternative Currency Loan immediately, in the case of an Alternative Currency Daily Rate Loan or at the end of the applicable Interest Period, in the case of an Alternative Currency
Term Rate Loan or (2) be prepaid in full immediately, in the case of an Alternative Currency Daily Rate Loan, or at the end of the applicable Interest Period, in the case of an Alternative Currency Term Rate Loan; provided that if no
election is made by the Company (x) in the case of an Alternative Currency Daily Rate Loan, by the date that is three Business Days after receipt by the Company of such notice or (y) in the case of an Alternative Currency Term Rate Loan,
by the last day of the current Interest Period for the applicable Alternative Currency Term Rate Loan, the Company shall be deemed to have elected clause (1) above. 

(b) Replacement of Term SOFR or Successor Rate. Notwithstanding anything to the contrary in this Agreement or any other Loan Documents,
if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Company or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Company) that the
Company or Required Lenders (as applicable) have determined, that: 
 (i) adequate and reasonable means do not exist for
ascertaining each of one month, three month and six month interest periods of Term SOFR, including, without limitation, because the Term SOFR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be
temporary; or 
 (ii) CME or any successor administrator of the Term SOFR Screen Rate or a Governmental Authority having
jurisdiction over the Administrative Agent or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made a public statement identifying a specific date after which each of one month, three month
and six month interest periods of Term SOFR or the Term SOFR Screen Rate shall or will no longer be made available, or permitted to be used for determining the interest rate of U.S. dollar denominated syndicated loans, or shall or will otherwise
cease; provided that, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, that will continue to provide such interest periods of Term SOFR after such specific date (the latest
date on which one month, three month and six month interest periods of Term SOFR or the Term SOFR Screen Rate are no longer available permanently or indefinitely, the “Term SOFR Scheduled Unavailability Date”); 

  
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 then, on a date and time determined by the Administrative Agent (any such date, the
“Term SOFR Replacement Date”), which date shall be at the end of an Interest Period or on the relevant interest payment date, as applicable, for interest calculated and, solely with respect to clause (ii) above, no later
than the Term SOFR Scheduled Unavailability Date, Term SOFR will be replaced hereunder and under any Loan Document with Daily Simple SOFR plus the SOFR Adjustment for any payment period for interest calculated that can be determined by the
Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document (the “Term SOFR Successor Rate”). 

If the Successor Rate is Daily Simple SOFR plus the SOFR Adjustment, all interest payments will be payable on a monthly basis. 

Notwithstanding anything to the contrary herein, (i) if the Administrative Agent determines that Daily Simple SOFR is not available on or
prior to the Term SOFR Replacement Date, or (ii) if the events or circumstances of the type described in Section 2.14(b)(i) or (ii) have occurred with respect to the Successor Rate then in effect, then in
each case, the Administrative Agent and the Company may amend this Agreement solely for the purpose of replacing Term SOFR or any then current Successor Rate in accordance with this Section 2.14 at the end of any Interest
Period, relevant interest payment date or payment period for interest calculated, as applicable, with an alternative benchmark rate giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated credit
facilities syndicated and agented in the United States for such alternative benchmark. and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for
similar U.S. dollar denominated credit facilities syndicated and agented in the United States for such benchmark, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the
Administrative Agent from time to time in its reasonable discretion and may be periodically updated. For the avoidance of doubt, any such proposed rate and adjustments, shall constitute a “Term SOFR Successor Rate”. Any such amendment
shall become effective at 5:00 p.m., Local Time, on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Company unless, prior to such time, Lenders comprising the Required Lenders
have delivered to the Administrative Agent written notice that such Required Lenders object to such amendment. 
 (c) Replacement of
Relevant Rate or Successor Rate. Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Company or
Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Company) that the Company or Required Lenders (as applicable) have determined, that: 

(i) adequate and reasonable means do not exist for ascertaining the Relevant Rate (other than Term SOFR) for a currency (other
than US Dollars) because none of the tenors of such Relevant Rate (other than Term SOFR) under this Agreement is available or published on a current basis, and such circumstances are unlikely to be temporary; or 

  
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 (ii) the Applicable Authority has made a public statement identifying a
specific date after which all tenors of the Relevant Rate (other than Term SOFR) for a currency (other than US Dollars) under this Agreement shall or will no longer be representative or made available, or permitted to be used for determining the
interest rate of syndicated loans denominated in such currency (other than US Dollars), or shall or will otherwise cease, provided that, in each case, at the time of such statement, there is no successor administrator that is satisfactory to
the Administrative Agent that will continue to provide such representative tenor(s) of the Relevant Rate (other than Term SOFR) for such currency (other than US Dollars) (the latest date on which all tenors of the Relevant Rate for such currency
(other than US Dollars) under this Agreement are no longer representative or available permanently or indefinitely, the “Scheduled Unavailability Date”); 

(iii) or if the events or circumstances of the type described in Section 2.14(c)(i) or (ii) have
occurred with respect to the Successor Rate then in effect, then, the Administrative Agent and the Company may amend this Agreement solely for the purpose of replacing the Relevant Rate for a currency or any then current Successor Rate for a
currency in accordance with this Section 2.14 with an alternative benchmark rate giving due consideration to any evolving or then existing convention for similar credit facilities syndicated and agented in the U.S. and
denominated in such currency for such alternative benchmarks, and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for similar credit facilities
syndicated and agented in the U.S. and denominated in such currency for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to
time in its reasonable discretion and may be periodically updated (and any such proposed rate, including for the avoidance of doubt, any adjustment thereto, a “Non-SOFR Successor Rate”, and
collectively with the Term SOFR Successor Rate, each a “Successor Rate”), and any such amendment shall become effective at 5:00 p.m., Local Time, on the fifth Business Day after the Administrative Agent shall have posted such
proposed amendment to all Lenders and the Company unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders object to such amendment 

(d) Successor Rate. The Administrative Agent will promptly (in one or more notices) notify the Company and each Lender of the
implementation of any Successor Rate. 
 Any Successor Rate shall be applied in a manner consistent with market practice; provided
that to the extent such market practice is not administratively feasible for the Administrative Agent, such Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. 

Notwithstanding anything else herein, if at any time any Successor Rate as so determined would otherwise be less than 0.00%, the Successor
Rate will be deemed to be 0.00% for the purposes of this Agreement and the other Loan Documents. 
 In connection with the implementation of
a Successor Rate, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will
become effective without any further action or consent of any other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Conforming
Changes to the Company and the Lenders reasonably promptly after such amendment becomes effective. 
 (e) For purposes of this
Section 2.14, those Lenders that either have not made, or do not have an obligation under this Agreement to make, the relevant Loans in the relevant currency shall be excluded from any determination of Required Lenders.

  
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 SECTION 2.15 Increased Costs; Illegality. (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; 
 (ii) subject
any Lender to any Taxes (other than Indemnified Taxes or any Excluded Taxes) on its loans, loan principal, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 

(iii) impose on any Lender or any applicable interbank market any other condition, cost or expense (other than Taxes) affecting
this Agreement, Term SOFR Loans made by such Lender or Alternative Currency Loans made by such Lender; 
 and the result of any of the foregoing shall be to
increase the cost to such Lender of making, converting to, continuing or maintaining any Loan (or of maintaining its obligation to make any such Loan), or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of
principal, interest or otherwise), then, upon the request of such Lender, the Company will pay or cause the other Borrowers to pay to such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred or
reduction suffered. 
 (b) If any Lender reasonably determines that any Change in Law regarding capital or liquidity requirements has or
would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement or the Loans made by such Lender to a level below that which such
Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy), then from
time to time the Company will pay or cause the other Borrowers to pay to such Lender such additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 

(c) Each Lender shall determine the amount or amounts necessary to compensate such Lender or such Lender’s holding company, as the case
may be, as specified in subsection (a) or (b) of this Section using the methods customarily used by it for such purpose (and if such Lender uses more than one such method, the method used hereunder shall be that which most
accurately determines such amount or amounts). A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or such Lender’s holding company, as the case may be, as specified in subsection (a) or
(b) of this Section, and setting forth in reasonable detail the calculations used by such Lender to determine such amount, shall be delivered to the Company and shall be conclusive absent manifest error. The Company shall pay or cause the
other Borrowers to pay to such Lender the amount shown as due on any such certificate within 15 Business Days after receipt thereof; provided, that such amounts shall be consistent conceptually with amounts that the Lender is generally
charging other similarly situated borrowers and shall not be duplicative of any amounts paid by the Company or the other Borrowers under any other provision of this Agreement (it being agreed that no Lender shall be required to disclose any
confidential or proprietary information in connection with such determination or the making of such claim). 
 (d) Failure or delay on the
part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s right to demand such compensation; provided that the Company shall not be required to compensate a Lender pursuant to this
Section for any increased costs or reductions incurred more than 180 days prior to the date that such Lender notifies the Borrowers of the Change in Law giving rise to such increased costs or reductions and delivers a certificate with respect
thereto as provided in subsection (c) above; provided further that, if the Change in Law giving rise to such 

  
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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. Increased costs because of a Change
in Law resulting from the Dodd-Frank Wall Street Reform and Consumer Protection Act and Basel III may only be requested by a Lender imposing such increased costs on borrowers similarly situated to the Borrowers under syndicated credit facilities
comparable to those provided hereunder. 
 (e) If any Lender determines that any law has made it unlawful, or that any Governmental
Authority has asserted that it is unlawful, for any Lender or its applicable lending office to make, maintain or fund Loans whose interest is determined by reference to a Relevant Rate, or to determine or charge interest rates based upon a Relevant
Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, US Dollars, any Designated Foreign Currency or Singapore Dollars in the applicable interbank market,
then, on notice thereof by such Lender to the Company through the Administrative Agent, (i) any obligation of such Lender to make or continue Alternative Currency Loans in the affected currency or currencies or, in the case of Loans denominated
in US Dollars, to make or maintain Term SOFR Loans or to convert ABR Loans to Term SOFR Loans, shall be suspended, and (ii) if such notice asserts the illegality of such Lender making or maintaining ABR Loans the interest rate on which is
determined by reference to the Term SOFR component of the Alternate Base Rate, the interest rate on which ABR Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Term
SOFR component of the Alternate Base Rate, in each case until such Lender notifies the Administrative Agent and the Company that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (x) the Borrowers
shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay (or, if applicable and such Loans are denominated in US Dollars, convert all such Term SOFR Loans of such Lender to ABR Loans, the interest rate on which shall, if
necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Term SOFR component of the Alternate Base Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to
maintain such Term SOFR Loans or Alternative Currency Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Term SOFR Loans or Alternative Currency Loans and (y) if such notice asserts the illegality of
such Lender determining or charging interest rates based upon Term SOFR, the Administrative Agent shall during the period of such suspension compute the Alternate Base Rate applicable to such Lender without reference to the Term SOFR component
thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon Term SOFR. Upon any such prepayment or conversion, the Borrowers shall also pay
accrued interest on the amount so prepaid or converted. 
 (f) If any Lender determines that any Applicable Law has made it unlawful, or
that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Affiliate to perform its obligations hereunder or to issue, make, maintain, fund or charge interest with respect to any Borrowing to any Borrower who
is organized under the laws of a jurisdiction other than the United States, a State thereof or the District of Columbia, then, on notice thereof by such Lender to the Company through the Administrative Agent, and until such notice by such Lender is
revoked, any obligation of such Lender to issue, make, maintain, fund or charge interest with respect to any such Borrowing shall be suspended. Upon receipt of such notice, the Borrowers shall, take all reasonable actions requested by such Lender to
mitigate or avoid such illegality. 
 SECTION 2.16 Break Funding Payments. In the event of (a) the payment of any principal of
any Term SOFR Loan or Alternative Currency Term Rate Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default or pursuant to Section 2.10(b)), (b) the conversion
of any Term SOFR Loan or Alternative Currency Term Rate Loan to a Loan of a different Type or Interest Period other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Loan
on the date specified in any notice delivered pursuant hereto 

  
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(regardless of whether such notice may be revoked under Section 2.11(d) and is revoked in accordance therewith), or (d) the assignment or deemed assignment of any
Term SOFR Loan or Alternative Currency Term Rate Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Company pursuant to Section 2.19 or the CAM Exchange, then, in any
such event, the applicable Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. For purposes of calculating amounts payable by the applicable Borrower to the Lenders under this
Section 2.16 with respect to Alternative Currency Term Rate Loans, each Lender shall be deemed to have funded each Alternative Currency Term Rate Loan made by it at the Alternative Currency Term Rate for such Loan by a
matching deposit or other borrowing in the offshore interbank eurodollar market for such currency for a comparable amount and for a comparable period, whether or not such Alternative Currency Term Rate Loan was in fact so funded. A certificate of
any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section, and setting forth in reasonable detail the calculations used by such Lender to determine such amount or amounts, shall be delivered to
the applicable Borrower and shall be conclusive absent manifest error. The applicable Borrower shall pay such Lender the amount shown as due on any such certificate within 15 Business Days after receipt thereof. 

SECTION 2.17 Taxes. (a) 

(i) Any and all payments by or on account of any obligation of the respective Borrowers hereunder or under any other Loan
Document shall to the extent permitted by Applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Laws require any Borrower or the Administrative Agent to withhold or deduct any Tax, such
Tax shall be withheld or deducted in accordance with such laws as determined by such Borrower or the Administrative Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection
(e) below. 
 (ii) If any Borrower or the Administrative Agent shall be required by the Code to withhold or deduct
any Taxes, including both United States federal backup withholding and withholding Taxes, from any payment, then (A) the Administrative Agent shall withhold or make such deductions as are determined by the Administrative Agent to be required
based upon the information and documentation it has received pursuant to subsection (e) below, (B) the Administrative Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with
the Code, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by such Borrower shall be increased as necessary so that after any required withholding or the making of all required
deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent or the applicable Lender, as the case may be, receives an amount equal to the sum it would have received had no such withholding or
deduction been made. 
 (iii) If any Borrower or the Administrative Agent shall be required by any Applicable Laws other than
the Code to withhold or deduct any Taxes from any payment, then (A) such Borrower or the Administrative Agent, as required by such laws, shall withhold or make such deductions as are determined by it to be required based upon the information
and documentation it has received pursuant to subsection (e) below, (B) such Borrower or the Administrative Agent, to the extent required by such laws, shall make such deductions and (iii) such Borrower or the Administrative Agent
shall timely pay the full amount so withheld or deducted by it to the relevant Governmental Authority in accordance with such laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable
by such Borrower shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent or the
applicable Lender, as the case may be, receives an amount equal to the sum it would have received had no such withholding or deduction been made. 

  
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 (b) In addition, the Loan Parties shall pay any Other Taxes to the relevant Governmental
Authority in accordance with Applicable Law. 
 (c) The relevant Borrower shall indemnify the Administrative Agent and each Lender, within
15 Business Days after written demand therefor, for the full amount of any Indemnified Taxes paid by the Administrative Agent or such Lender, as the case may be, on or with respect to any payment by or on account of any obligation of any Borrower
hereunder or under any other Loan Document (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) and 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 setting forth in reasonable detail the circumstances giving rise thereto and the calculations
used by such Lender to determine the amount thereof delivered to the Company by a Lender, or by the Administrative Agent, on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 

(d) As soon as practicable after any payment of Indemnified Taxes by any Borrower to a Governmental Authority, such Borrower shall deliver to
the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the
Administrative Agent. 
 (e) 

(i) Each Lender shall deliver to the Company and to the Administrative Agent, at the time or times prescribed by Applicable
Laws or when reasonably requested by the Company or the Administrative Agent, such properly completed and executed documentation prescribed by Applicable Laws or by the Taxing authorities of any jurisdiction and such other reasonably requested
information as will permit the Company or the Administrative Agent, as the case may be, to determine (A) whether or not payments made by the respective Borrowers hereunder or under any other Loan Document are subject to Taxes, (B) if
applicable, the required rate of withholding or deduction, and (C) such Lender’s entitlement to any available exemption from, or reduction of, applicable Taxes in respect of all payments to be made to such Lender by the respective
Borrowers pursuant to this Agreement or otherwise to establish such Lender’s status for withholding Tax purposes in the applicable jurisdictions. 

(ii) Without limiting the generality of the foregoing, if a Borrower is resident for tax purposes in the United States, 

(A) any Lender that is a US Person shall deliver to the Company and the Administrative Agent properly completed and duly
executed originals of IRS Form W-9 or such other documentation or information prescribed by Applicable Laws or reasonably requested by the Company or the Administrative Agent as will enable such Borrower or
the Administrative Agent, as the case may be, to determine whether or not such Lender is subject to backup withholding Tax or information reporting requirements; and 

  
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 (B) any Foreign Lender shall, to the extent it is legally entitled to do
so, deliver to the Company 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 as
prescribed under Applicable Law or upon the reasonable request of the Company 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 duly executed originals of IRS Form W-8BEN or
W-8BEN-E, as applicable, 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 duly executed originals of IRS Form W-8BEN or W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” or any other applicable article
of such tax treaty; 
 (2) properly completed and duly 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 in such form as the Administrative Agent shall request that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A)
of the Code, a “10 percent shareholder” of any Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax
Compliance Certificate”) and (y) properly completed and duly executed originals of IRS Form W-8BEN or W-8BEN-E, as
applicable; or 
 (4) to the extent a Foreign Lender is not the beneficial owner, properly completed and duly executed
originals of IRS Form W-8IMY, accompanied by properly completed and duly executed copies of IRS Form W-8ECI, IRS Form W-8BEN or W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate in such form as the Administrative Agent shall request, 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 partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax
Compliance Certificate in such form as the Administrative Agent shall request on behalf of each such partner or beneficial owner. 

(C) Any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Company 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 as prescribed under Applicable Law or upon the
reasonable request of the Company or the Administrative Agent), properly completed and duly 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,
together with such supplementary documentation as may be prescribed by Applicable Law to permit the Company or the Administrative Agent to determine the withholding or deduction required to be made. 

  
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 (D) If a payment made to a Lender under any Loan Document would be subject
to 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
Company and the Administrative Agent at the time or times prescribed by Applicable Law and at such time or times reasonably requested by the Company or the Administrative Agent such documentation prescribed by Applicable Law (including as prescribed
by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Company or the Administrative Agent as may be necessary for the Borrowers 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 date of this Agreement. 
 (E) Each Lender agrees that if any form or certification
it previously delivered pursuant to this Section 2.17(e) expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Company and the Administrative Agent in
writing of its legal inability to do so. 
 (f) Each Lender, on the date it becomes a Lender hereunder, will designate lending offices for
the Loans to be made by it such that, on such date, it will not be liable for (i) in the case of a Multicurrency Lender, any withholding Tax that is imposed by the United States of America (or any political subdivision thereof) on payments by a
US Borrower, (ii) any withholding Tax that is imposed (A) by Switzerland (or any political subdivision thereof) on payments by a Swiss Borrower or (B) by the United States of America (or any political subdivision thereof) on payments
by any other Borrower, (iii) in the case of a Yen Enabled Lender, any withholding Tax that is imposed (A) by Japan (or any political subdivision thereof) on payments by a Japanese Borrower or (B) by the United States of America (or
any political subdivision thereof) on payments by any other Borrower, or (iv) in the case of a Singapore Dollar Enabled Lender, any withholding Tax that is imposed (A) by Singapore (or any political subdivision thereof) on payments by a
Singapore Borrower or (B) by the United States of America (or any political subdivision thereof) on payments by any other Borrower. 

(g) 
 (i) Without
limiting the provisions of subsection (a) above, each Borrower shall, and does hereby, indemnify the Administrative Agent and each Lender, and shall make payment in respect thereof within 15 Business Days after 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 2.17) withheld or deducted by such Borrower or the Administrative Agent or paid
by the Administrative Agent or such Lender, as the case may be, and any reasonable out-of-pocket 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 setting forth in reasonable detail the amount of any such payment or liability (and the calculations used by such Lender to
determine such amount) delivered to a 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, shall be conclusive absent manifest error. Each Borrower shall, and does
hereby, indemnify the Administrative Agent, and shall make payment in respect thereof within 15 Business Days after written demand therefor, for any amount which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as
required pursuant to Section 2.17(g)(ii) below. 

  
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 (ii) Without limiting the provisions of subsection (a) above,
each Lender shall, and does hereby, indemnify (x) the Administrative Agent against any Indemnified Taxes attributable to such Lender (but only to the extent that any Borrower has not already indemnified the Administrative Agent for such
Indemnified Taxes and without limiting the obligation of the Borrowers to do so), (y) the Administrative Agent and any Borrower, as applicable, against any Taxes attributable to such Lender’s failure to comply with the provisions of
Section 11.04(e) relating to the maintenance of a Participant Register and (z) the Administrative Agent and any Borrower, as applicable, against any Excluded Taxes attributable to such Lender that are payable or paid
by the Administrative Agent or a Borrower 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. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan Document against any amount due to the Administrative
Agent under this clause (ii). The agreements in this clause (ii) shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of the
Commitments and the repayment, satisfaction or discharge of all other Obligations. 
 (h) Unless required by Applicable Laws, at no time
shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or deducted from funds paid for the account of such Lender. If the
Administrative Agent or any Lender 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 2.17 (including by the
payment of additional amounts pursuant to Section 2.17(a)), 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 with respect to the
Taxes giving rise to such refund), net of all reasonable out-of-pocket expenses of such indemnified party incurred with respect to the receipt of such refund and without
interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Notwithstanding anything to the contrary in this subsection, in no event will the indemnified party be required to pay any amount to an
indemnifying party pursuant to this subsection 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
indemnification payments or additional amounts giving rise to such refund had never been paid. This subsection 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. 
 (i) For purposes of this
Section 2.17, the term “Lender” includes the Administrative Agent and the term “Applicable Law” includes FATCA. 

(j) Each party’s obligations under this Section 2.17 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. 

  
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 SECTION 2.18 Payments Generally; Pro Rata Treatment; Sharing of Setoffs.
(a) Each Borrower shall make each payment required to be made by it hereunder or under any other Loan Document (whether of principal, interest or fees, or of amounts payable under Section 2.15, 2.16 or
2.17, or otherwise) prior to 3:00 p.m., Local Time, on the date when due, in immediately available funds, without set-off or counterclaim. Any amounts received after such time on any date may, in the
discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent to the applicable account specified
in Schedule 11.01 or, in any such case, to such other account as the Administrative Agent shall from time to time specify in a notice delivered to the Company; provided that payments pursuant to Sections 2.15, 2.16,
2.17 and 11.03 shall be made directly to the Persons entitled thereto and payments pursuant to other Loan Documents shall be made to the Persons specified therein (it being agreed that the Borrowers will be deemed to have satisfied
their obligations with respect to payments referred to in this proviso if they shall make such payments to the persons entitled thereto in accordance with instructions provided by the Administrative Agent; the Administrative Agent agrees to provide
such instructions upon request, and no Borrower will be deemed to have failed to make such a payment if it shall transfer such payment to an improper account or address as a result of the failure of the Administrative Agent to provide proper
instructions). The Administrative Agent shall distribute any such payments received by it for the account of any Lender or other Person promptly following receipt thereof at the appropriate lending office or other address specified by such Lender or
other Person. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable
for the period of such extension. All payments hereunder of principal or interest in respect of any Loan shall be made in the currency of such Loan; all other payments hereunder and under each other Loan Document shall be made in US Dollars. Any
payment required to be made by the Administrative Agent hereunder shall be deemed to have been made by the time required if the Administrative Agent shall, at or before such time, have taken the necessary steps to make such payment in accordance
with the regulations or operating procedures of the clearing or settlement system used by the Administrative Agent to make such payment. Any amount payable by the Administrative Agent to one or more Lenders in the national currency of a member state
of the European Union that has adopted the Euro as its lawful currency shall be paid in Euro. 
 (b) If any Lender shall, by exercising any
right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on Multicurrency Revolving Loans, Yen Enabled Revolving Loans or Singapore Dollar Enabled Revolving
Loans due and payable to such Lender resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Multicurrency Revolving Loans, Yen Enabled Revolving Loans, Singapore Dollar Enabled Revolving Loans and accrued
interest thereon due and payable to such Lender than the proportion of such payments due and payable to all Lenders in the applicable Tranche, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations
in the Multicurrency Revolving Loans, Yen Enabled Revolving Loans and Singapore Dollar Enabled Revolving Loans of all such other Lenders in such Tranche to the extent necessary so that the benefit of all such payments shall be shared by all such
Lenders in such Tranche ratably in accordance with the aggregate amount of their respective Multicurrency Revolving Loans, Yen Enabled Revolving Loans, Singapore Dollar Enabled Revolving Loans and accrued interest thereon; provided that
(i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and
(ii) the provisions of this subsection shall not be construed to apply to any payment made by any Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of
a Defaulting Lender or in connection with an Incremental Increase) or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than to the Company or
any Subsidiary or Affiliate thereof (as to which the provisions of this subsection shall apply). Each Borrower consents to the foregoing and agrees, to the extent it may effectively do so under Applicable Law, that any Lender acquiring a
participation pursuant to the foregoing arrangements may exercise against such Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor
of the Borrowers in the amount of such participation. 

  
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 (c) Unless the Administrative Agent shall have received notice from the relevant Borrower
prior to the date on which any payment is due for the account of all or certain of the Lenders hereunder that such Borrower will not make such payment, the Administrative Agent may assume that such Borrower has made such payment on such date in
accordance herewith and may, in reliance upon such assumption, distribute to the applicable Lenders the amount due. With respect to any payment that the Administrative Agent makes for the account of the Lenders hereunder as to which
the Administrative Agent determines (which determination shall be conclusive absent manifest error) that any of the following applies (such payment referred to as the “Rescindable Amount”): (1) the relevant Borrower has not in fact
made such payment; (2) the Administrative Agent has made a payment in excess of the amount so paid by the relevant Borrower (whether or not then owed); or (3) the Administrative Agent has for any reason otherwise erroneously made such
payment; then each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount so distributed to such Lender, in immediately available funds with interest thereon, for each day from and including
the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation. 
 A notice of the Administrative Agent to any Lender or the applicable Borrower with respect to any amount
owing under this subsection (c) shall be conclusive, absent manifest error. 
 (d) If any Lender shall fail to make any payment
required to be made by it to the Administrative Agent pursuant to this Agreement, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by them for the account of
such Lender to satisfy such Lender’s obligations to the Administrative Agent until all such unsatisfied obligations are fully paid. 

SECTION 2.19 Mitigation Obligations; Replacement of Lenders. (a) Subject to each Lender’s obligations under
Section 2.17(f), each Lender may make any Loan to a Borrower through any lending office; provided that the exercise of this option shall not affect the obligation of the Borrowers to repay the Loans in accordance
with the terms of this Agreement. If any Lender requests compensation under Sections 2.15(a) through (d), or with respect to Section 2.15(e), gives a notice thereunder, or if any Borrower is required to
indemnify or pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to designate a different lending
office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or
reduce amounts payable pursuant to Section 2.15 or 2.17, as the case may be, in the future (or eliminate the need for the notice pursuant to Section 2.15(e)) and (ii) would not subject
such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Company hereby agrees to pay all reasonable, direct,
out-of-pocket costs and expenses incurred by any Lender in connection with any such designation or assignment. 

(b) If any Lender requests compensation under Section 2.15(a) through (d), or if any Loan Party is required
to indemnify or pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, and in each case, such Lender has declined or is unable to designate a different
Lending Office in accordance with Section 2.19(a), or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then the Company 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 

  
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11.04), all its interests, rights (other than its existing rights to payments pursuant to Sections 2.15 and 2.17) and obligations under the Loan Documents to an assignee that
shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Company shall have received the prior written consent of the Administrative Agent, which consent shall not
be unreasonably withheld, (ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee or the
Company, (iii) the Company shall have paid (or caused to be paid) the assignment fee specified in Section 11.04, (iv) in the case of any such assignment resulting from a claim for compensation under
Section 2.15, or payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments thereafter, (v) such assignment does not
conflict with Applicable Laws, (vi) in the case of an assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver
or consent, (vii) in the case of any such assignment of a Yen Enabled Commitment, such assignee shall be able to provide Yen Enabled Revolving Loans denominated in Yen and (viii) in the case of any such assignment of a Singapore Dollar
Enabled Commitment, such assignee shall be able to provide Singapore Dollar Enabled Revolving Loans denominated in Singapore Dollars. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a
waiver by such Lender or otherwise, the circumstances entitling the Company to require such assignment and delegation cease to apply. 

SECTION 2.20 Designation of US Borrowers, Swiss Borrowers, Japanese Borrowers, Singapore Borrowers and Additional Foreign Borrowers.
(a) The Company may at any time and from time to time designate any US Subsidiary (in addition to the US Subsidiaries which are US Borrowers as of the Effective Date) as a US Borrower, any Swiss Subsidiary as a Swiss Borrower, any Japanese
Subsidiary as a Japanese Borrower, any Singapore Subsidiary as a Singapore Borrower or, solely to the extent approved in writing by each of the Administrative Agent and all Lenders, any other Foreign Subsidiary as an Additional Foreign Borrower, by
delivery to the Administrative Agent of a Borrowing Subsidiary Agreement executed by such Subsidiary and the Company, and upon such delivery of such Borrowing Subsidiary Agreement and such other documents and certificates required by
Section 4.03(b), such Subsidiary shall for all purposes of this Agreement shall be a US Borrower, a Swiss Borrower, a Japanese Borrower, a Singapore Borrower or, solely to the extent approved in writing by each of the
Administrative Agent and all Lenders, an Additional Foreign Borrower, as the case may be, and a party to this Agreement until the Company shall have executed and delivered to the Administrative Agent a Borrowing Subsidiary Termination with respect
to such Subsidiary, whereupon such Subsidiary shall cease to be a US Borrower, a Swiss Borrower, a Japanese Borrower, a Singapore Borrower or an Additional Foreign Borrower, as the case may be, and cease to be a party to this Agreement.
Notwithstanding the preceding sentence, no Borrowing Subsidiary Termination will become effective as to any US Borrower, Swiss Borrower, Japanese Borrower, Singapore Borrower or Additional Foreign Borrower at a time when any principal of or interest
on any Loan to such US Borrower, Swiss Borrower, Japanese Borrower, Singapore Borrower or Additional Foreign Borrower shall be outstanding hereunder, provided that such Borrowing Subsidiary Termination shall be effective to terminate the
right of such US Borrower, Swiss Borrower, Japanese Borrower, Singapore Borrower or Additional Foreign Borrower, as the case may be, to request or receive further Borrowings under this Agreement. As soon as practicable upon receipt of a Borrowing
Subsidiary Agreement, the Administrative Agent shall send a copy thereof to each Lender. 
 (b) The Obligations of all Borrowers that are US
Subsidiaries shall be several in nature. The Obligations of all Borrowers that are Foreign Subsidiaries shall be several in nature. 
 (c)
Each Borrower hereby irrevocably appoints the Borrowing Agent as its agent for the purposes of giving and receipt of Borrowing Requests, Interest Election Requests and Prepayment Notices. Each Borrower hereby irrevocably appoints the Company as its
agent for the purposes of giving and receipt 

  
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of any other notices hereunder, service of process pursuant to Section 11.09(d) and the execution and delivery of all other documents, instruments and certificates
contemplated herein and all modifications hereto. Any acknowledgment, consent, direction, certification or other action which might otherwise be valid or effective only if given or taken by all Borrowers, or by any Borrower acting singly, shall be
valid and effective if given or taken only by the Borrowing Agent or the Company, as the case may be, whether or not any such other Borrower joins therein. Any notice, demand, consent, acknowledgement, direction, certification or other communication
delivered to the Borrowing Agent or the Company in accordance with the terms of this Agreement shall be deemed to have been delivered to the Company and each Borrower. 

SECTION 2.21 Defaulting Lenders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then,
until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by Applicable Law: 
 (i) Waivers
and Amendments. That 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” and
Section 11.02. 
 (ii) Reallocation of Payments. Any payment of principal, interest, fees or
other amounts received by the Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise, and including any amounts made available to the Administrative
Agent by that Defaulting Lender pursuant to Section 11.08), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment on a pro rata basis of any amounts
owing by that Defaulting Lender to the Administrative Agent hereunder; second, as the Company may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to
fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; third, if so determined by the Administrative Agent and the Company, to be held in a non-interest
bearing deposit account and released pro-rata in order to satisfy obligations of that Defaulting Lender to fund Loans under this Agreement; fourth, to the payment of any amounts owing to the Lenders as
a result of any judgment of a court of competent jurisdiction obtained by any Lender against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; fifth, so long as no Default or
Event of Default exists, to the payment of any amounts owing to the Company as a result of any judgment of a court of competent jurisdiction obtained by the Company against that Defaulting Lender as a result of that Defaulting Lender’s breach
of its obligations under this Agreement; and sixth, to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans in
respect of which that Defaulting Lender has not fully funded its appropriate share and (y) such Loans were made 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 all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of that Defaulting Lender. 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 shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. That Defaulting Lender shall be entitled to receive a facility fee pursuant to
Section 2.12(a) for any period during which that Lender is a Defaulting Lender only to extent allocable to the sum of the US Dollar Equivalent of the principal amount of the outstanding Revolving Committed Loans funded
by it (and the Company shall not be required to pay the remaining amount of such fee that otherwise would have been required to have been paid to that Defaulting Lender). 

  
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 (b) Defaulting Lender Cure. If the Company and the Administrative Agent agree in
writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to
any conditions set forth therein, that 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
Revolving Committed Loans to be held on a pro rata basis by the Lenders in accordance with their Multicurrency Commitment Percentages, Yen Enabled Commitments or Singapore Dollar Enabled Commitments, as the case may be, whereupon that 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 Company 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. 
 SECTION 2.22 Extension of Maturity Date. 

(a) Requests for Extension. The Borrowing Agent may, by notice to the Administrative Agent (who shall promptly notify the Lenders) not
earlier than 90 days and not later than 45 days prior to any anniversary of the Effective Date (each such anniversary being a “Modification Date”), request (such request, an “Extension Request”) that each Lender
extend such Lender’s Maturity Date for an additional year from the Maturity Date then in effect hereunder (the “Existing Maturity Date”). 

(b) Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent
given within 30 days of such Lender’s receipt of the Extension Request from the Administrative Agent (the “Notice Date”), advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that
determines not to so extend its Maturity Date (a “Non-Extending Lender”)) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than
the Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Notice Date (the “Response Deadline”) shall be deemed to be a Non-Extending Lender. The
election of any Lender to agree to such extension shall not obligate any other Lender to so agree. Any election by a Lender to extend its then Existing Maturity Date shall be in regard to each Tranche with respect to which it has a Commitment. 

(c) Notification by Administrative Agent. The Administrative Agent shall notify the Borrowing Agent of each Lender’s determination
under this Section no later than the fifth Business Day after the Response Deadline. 
 (d) Additional Commitment Lenders. The
Company shall have the right on or before each Modification Date to replace each Non-Extending Lender with, and add as “Lenders” under this Agreement in place thereof, one or more assignees
(permitted pursuant to Section 11.04 and subject to the consents described therein) (each, an “Additional Commitment Lender”) as provided in Section 2.19 (with respect to Non-Consenting Lenders); provided that each of such Additional Commitment Lenders shall enter into an Assignment and Acceptance pursuant to which such Additional Commitment Lender shall, effective as of such
Modification Date, undertake a Commitment (and, if any such Additional Commitment Lender is already a Lender, its Commitment shall be in addition to such Lender’s Commitment hereunder on such date). 

  
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 (e) Minimum Extension Requirement. 

(i) If (and only if) the total of the Multicurrency Revolving Committed Loans of the Lenders that have agreed so to extend
their Maturity Date (each, an “Extending Lender”) plus the additional Multicurrency Commitments of the Additional Commitment Lenders equals more than 50% of the aggregate amount of the Multicurrency Commitments in effect immediately
prior to the applicable Modification Date, then, effective as of such Modification Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity
Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement.
In the event of any such extension, the Multicurrency Revolving Committed Loans of each Non-Extending Lender that has not been replaced as provided in Section 2.22(d) shall terminate
on the Existing Maturity Date in effect prior to any such extension and the outstanding principal balance of all Loans and other amounts payable hereunder to such Non-Extending Lender shall become due and
payable on such Existing Maturity Date and the total Multicurrency Revolving Committed Loans of the Lenders hereunder shall be reduced by the Multicurrency Revolving Committed Loans of the Non-Extending
Lenders so terminated on such Existing Maturity Date. 
 (ii) If (and only if) the total of the Yen Enabled Commitments of
the Yen Enabled Lenders that have agreed so to extend their Maturity Date (each, an “Yen Extending Lender”) plus the additional Yen Enabled Commitments of the Additional Commitment Lenders equals more than 50% of the aggregate
amount of the Yen Enabled Commitments in effect immediately prior to the applicable Modification Date, then, effective as of such Modification Date, the Maturity Date of each Yen Extending Lender and of each Additional Commitment Lender shall be
extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall
thereupon become a “Lender” for all purposes of this Agreement. In the event of any such extension, the Yen Enabled Commitments of each Non-Extending Lender that has not been replaced as provided in
Section 2.22(d) shall terminate on the Existing Maturity Date in effect prior to any such extension and the outstanding principal balance of all Loans and other amounts payable hereunder to such Non-Extending Lender shall become due and payable on such Existing Maturity Date and the total Yen Enabled Commitments of the Lenders hereunder shall be reduced by the Yen Enabled Commitments of the Non-Extending Lenders so terminated on such Existing Maturity Date. 
 (iii) If (and only
if) the total of the Singapore Dollar Enabled Commitments of the Singapore Dollar Enabled Lenders that have agreed so to extend their Maturity Date (each, an “Singapore Dollar Extending Lender”) plus the additional Singapore Dollar
Enabled Commitments of the Additional Commitment Lenders equals more than 50% of the aggregate amount of the Singapore Dollar Enabled Commitments in effect immediately prior to the applicable Modification Date, then, effective as of such
Modification Date, the Maturity Date of each Singapore Dollar Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day,
such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement. In the event of any such extension, the Singapore
Dollar Enabled Commitments of each Non-Extending Lender that has not been replaced as provided in Section 2.22(d) shall terminate on the Existing Maturity Date in effect prior to any
such 

  
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extension and the outstanding principal balance of all Loans and other amounts payable hereunder to such Non-Extending Lender shall become due and payable
on such Existing Maturity Date and the total Singapore Dollar Enabled Commitments of the Singapore Dollar Enabled Lenders hereunder shall be reduced by the Singapore Dollar Enabled Commitments of the
Non-Extending Lenders so terminated on such Existing Maturity Date. 
 (f) Conditions to
Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Date pursuant to this Section shall not be effective with respect to any Lender unless: 

(i) Each Borrower shall deliver to the Administrative Agent a certificate dated as of the applicable Modification Date signed
by a Responsible Officer of each Borrower certifying: 
 (A) no Default shall have occurred and be continuing on the date of
such extension and after giving effect thereto; 
 (B) the representations and warranties of the Loan Parties set forth in
the Loan Documents shall be true and correct in all material respects on and as of the date of such extension and after giving effect thereto (except that if a qualifier relating to materiality or material adverse change or a similar concept
applies, such representation or warranty shall be required to be true and correct in all respects), other than representations which are given as of a particular date, in which case the representation shall be true and correct in all material
respects (or with respect to representations and warranties modified by materiality statements, in all respects) as of that date; and 

(C) attaching the resolutions adopted by each Borrower approving or consenting to such extension. 

In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Loans outstanding on
such date (and pay any additional amounts required pursuant to Section 2.16) to the extent necessary to keep outstanding Loans ratable with any revised Multicurrency Commitment Percentage, Yen Enabled Commitment Percentage
or Singapore Dollar Enabled Commitment Percentage of the respective Lenders effective as of such date. 
 (g) Conflicting Provisions.
This Section shall supersede any provisions in Section 2.18 or 11.02 to the contrary. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

The Company and each other Borrower represents and warrants as follows: 

SECTION 3.01 Corporate Existence and Standing. The Company and each Material Subsidiary is duly organized, validly existing and in good
standing (to the extent such concept applies) under the laws of its jurisdiction of incorporation and has all requisite corporate or other organizational authority to conduct its business in each jurisdiction in which the failure so to qualify would
have a material adverse effect on the business, properties, assets, operations or condition (financial or otherwise) of the Company and its Subsidiaries, taken as a whole. 

  
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 SECTION 3.02 Authorization; No Violation. The Transactions are within each Loan
Party’s corporate or other organizational powers, have been duly authorized by all necessary corporate or other organizational action, and do not contravene (i) any Loan Party’s charter, bylaws or other constitutive documents or
(ii) any material law or any material contractual restriction binding on or affecting any Loan Party. 
 SECTION 3.03 Governmental
Consents. No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or regulatory body is required for the due execution, delivery and performance by the Loan Parties of this Agreement or the
other Loan Documents, except for any actions, notices or filings that have been completed or are immaterial. 
 SECTION 3.04
Validity. This Agreement is, and the other Loan Documents when delivered will be, the legal, valid and binding obligations of the Loan Parties party thereto, enforceable against such Loan Parties in accordance with their respective terms,
subject to the effect of any applicable bankruptcy, insolvency, reorganization, moratorium, judicial management or similar law affecting creditors’ rights generally and to the effect of general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law). 
 SECTION 3.05 Litigation. There is no pending or, to the best of
the knowledge of the Borrowers, threatened action or proceeding affecting the Company or any of its Subsidiaries before any court, governmental agency or arbitrator, (x) which could reasonably be expected to have a material adverse effect on
the financial condition or operations of the Company and the Subsidiaries, taken as a whole, or (y) which purports to affect the legality, validity or enforceability of this Agreement or any other Loan Document. 

SECTION 3.06 Financial Statements; No Material Adverse Change. (a) The consolidated balance sheets of the Company and its
consolidated Subsidiaries at December 31, 2021 and March 31, 2022, and the related consolidated statements of income and stockholder’s equity for the fiscal year and the fiscal quarter, respectively, then ended, copies of which have
been furnished to each Lender, present fairly in all material respects the financial position of the Company and its consolidated Subsidiaries at December 31, 2021 and March 31, 2022, and the results of the operations and changes in
financial position of the Company and its consolidated Subsidiaries for the fiscal year and the fiscal quarter, respectively, then ended, in conformity with GAAP consistently applied, subject, in the case of such quarterly financial statements, to
normal year-end audit adjustments and to the absence of notes. 
 (b) As of the date hereof there
has been, since December 31, 2021, no material adverse change in the business, operations or financial condition of the Company and the Subsidiaries, taken as a whole. 

SECTION 3.07 Investment Company Act. The Company is not (i) an “investment company,” required to be registered under the
Investment Company Act of 1940, as amended, (ii) a company “controlled” by an “investment company” which is registered under the Investment Company Act of 1940, as amended, or (iii) to the best knowledge of the Company,
a company “controlled” by any other “investment company” within the meaning of the Investment Company Act of 1940, as amended. 

SECTION 3.08 Regulation U. Neither the Company nor any of the Subsidiaries is engaged in the business of purchasing or carrying margin
stock. The value of the margin stock owned directly or indirectly by the Company or any Subsidiary which is subject to any arrangement hereunder is less than an amount equal to 25% of the value of all assets of the Company and/or such Subsidiary
subject to such arrangement (as described in the definition of “Indirectly Secured” in Section 221.2 of Regulation U issued by the Board of Governors of the Federal Reserve System). 

SECTION 3.09 Environmental Matters. The operations of the Company and each Material Subsidiary comply in all material respects with all
Environmental Laws, the noncompliance with which would materially adversely affect the business of the Company or materially adversely affect the ability of the Company to obtain credit on commercially reasonable terms. 

  
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 SECTION 3.10 Disclosure. None of the Confidential Information Memorandum (including
any reports of the Company to the Securities and Exchange Commission included therein) or any other written information prepared and furnished by or on behalf of the Loan Parties to the Administrative Agent or any Lender in connection with the
negotiation of this Agreement or delivered hereunder (as modified or supplemented by other information so furnished, but excluding general economic, specific industry, or other forward-looking information, including projected financial information)
taken as a whole, contains as of the date thereof (or, in the case of any such information that is not dated, the earliest date on which such information is furnished to the Administrative Agent or any Lender) any material misstatement of fact or
omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, the Company represents
only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time, it being recognized by the Administrative Agent and the Lenders that such projections as to future events are not to be viewed as
facts and that actual results during the period or periods covered thereby may differ from the projected results. As of the Effective Date, the information included in the Beneficial Ownership Certification, if applicable, is true and correct in all
respects. 
 SECTION 3.11 Covered Entity. No Loan Party is a Covered Entity. 

SECTION 3.12 Solvency. As of the Initial Borrowing Date, after giving effect to the Borrowings hereunder on such date, (a) the
fair value of the assets of the Company and the Subsidiaries, at a fair valuation, will exceed their debts and liabilities, subordinated, contingent or otherwise; (b) the present fair saleable value of the property of the Company and the
Subsidiaries will be greater than the amount that will be required to pay the probable liability in respect of their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured;
(c) the Company and the Subsidiaries will be able to pay their debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (d) the Company and the Subsidiaries will not have
unreasonably small capital with which to conduct the businesses in which they are engaged as such businesses are now conducted and are proposed to be conducted. 

SECTION 3.13 Limitation of Debt from Lenders that are not Qualifying Banks. Each Swiss Borrower has Debt owing to no more than twenty
(20) lenders that are not Qualifying Banks, including for the purpose of this Section 3.13 any such Debt owing to Affiliates of such Swiss Borrower. 

SECTION 3.14 ERISA Compliance. 

(a) Each Non-Pension Plan is in compliance with the applicable provisions of ERISA, the Code and other
Federal or state laws except to the extent each such plan could not be reasonably expected to have a material adverse effect on the business, properties, assets, operations or condition (financial or otherwise) of the Company and its Subsidiaries,
taken as a whole. There are no pending or, to the best knowledge of the Company, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Non-Pension Plan that could
reasonably be expected to have a material adverse effect on the business, properties, assets, operations or condition (financial or otherwise) of the Company and its Subsidiaries, taken as a whole. There has been no
non-exempt prohibited transaction or violation of the fiduciary responsibility rules with respect to any Non-Pension Plan that has resulted or could reasonably be
expected to result in a material adverse effect on the business, properties, assets, operations or condition (financial or otherwise) of the Company and its Subsidiaries, taken as a whole. 

  
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 (b) As of the date hereof, neither the Company nor any ERISA Affiliate sponsors, maintains
or contributes to, or has within the immediately preceding five years, sponsored, maintained or contributed to any Pension Plan. 
 SECTION
3.15 Representations as to Foreign Obligors. Each of the Company and each Foreign Obligor represents and warrants to the Administrative Agent and the Lenders that: 

(a) Such Foreign Obligor is subject to civil and commercial laws with respect to its obligations under this Agreement and the other Loan
Documents to which it is a party (collectively as to such Foreign Obligor, the “Applicable Foreign Obligor Documents”), and the execution, delivery and performance by such Foreign Obligor of the Applicable Foreign Obligor Documents
constitute and will constitute private and commercial acts and not public or governmental acts. Neither such Foreign Obligor nor any of its property has any immunity from jurisdiction of any court or from any legal process (whether through service
or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the laws of the jurisdiction in which such Foreign Obligor is organized and existing in respect of its obligations under the Applicable Foreign
Obligor Documents. 
 (b) The Applicable Foreign Obligor Documents are in proper legal form under the laws of the jurisdiction in which such
Foreign Obligor is organized and existing for the enforcement thereof against such Foreign Obligor under the laws of such jurisdiction, and to ensure the legality, validity, enforceability, priority or admissibility in evidence of the Applicable
Foreign Obligor Documents. It is not necessary to ensure the legality, validity, enforceability, priority or admissibility in evidence of the Applicable Foreign Obligor Documents that the Applicable Foreign Obligor Documents be filed, registered or
recorded with, or executed or notarized before, any court or other authority in the jurisdiction in which such Foreign Obligor is organized and existing or that any registration charge or stamp or similar tax be paid on or in respect of the
Applicable Foreign Obligor Documents or any other document, except for (i) any such filing, registration, recording, execution or notarization as has been made or is not required to be made until the Applicable Foreign Obligor Document or any
other document is sought to be enforced and (ii) any charge or tax as has been timely paid. 
 (c) There is no tax, levy, impost, duty,
fee, assessment or other governmental charge, or any deduction or withholding, imposed by any Governmental Authority in or of the jurisdiction in which such Foreign Obligor is organized and existing either (i) on or by virtue of the execution
or delivery of the Applicable Foreign Obligor Documents or (ii) on any payment to be made by such Foreign Obligor pursuant to the Applicable Foreign Obligor Documents, except as has been disclosed to the Administrative Agent. 

(d) The execution, delivery and performance of the Applicable Foreign Obligor Documents executed by such Foreign Obligor are, under applicable
foreign exchange control regulations of the jurisdiction in which such Foreign Obligor is organized and existing, not subject to any notification or authorization except (i) such as have been made or obtained or (ii) such as cannot be made
or obtained until a later date (provided that any notification or authorization described in clause (ii) shall be made or obtained as soon as is reasonably practicable). 

SECTION 3.16 Anti-Social Groups, Relationships or Conduct. None of the Japanese Borrowers nor the Company is classified as an
Anti-Social Group, has any Anti-Social Relationship, nor has engaged in Anti-Social Conduct, whether directly or indirectly through a third party. 

SECTION 3.17 OFAC. No Borrower, nor any of their subsidiaries, nor, to the knowledge of any Borrower and its subsidiaries, any
director, officer, employee, agent, affiliate or representative thereof, is an individual or entity that is (a) currently the subject of any Sanctions, (b) included on OFAC’s List of Specially Designated Nationals, HMT’s
Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list enforced by any other relevant sanctions authority, nor (c) is any Borrower or any subsidiary located, organized or resident in a Designated
Jurisdiction. 

  
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 SECTION 3.18 Taxpayer Identification Number; Other Identifying Information. The true
and correct U.S. taxpayer identification number of the Company and each US Borrower party hereto on the Effective Date is set forth on Schedule 3.18. The true and correct unique identification number of any Swiss Borrower, Japanese Borrower
and Singapore Borrower party hereto on the Effective Date that has been issued by its jurisdiction of organization and the name of such jurisdiction are set forth on Schedule 3.18. 

SECTION 3.19 Affected Financial Institutions. Neither the Company nor any Borrower is an Affected Financial Institution. 

SECTION 3.20 Borrower ERISA Status. The Company represents and warrants as of the Effective Date that the Company and each Borrower is
not and will not be 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 or the
Commitments. 
 SECTION 3.21 Anti-Corruption. Each Borrower, each of its Subsidiaries and each of their respective directors,
officers and employees and, to the knowledge of each Borrower, the agents of each Borrower and each of its Subsidiaries, are in compliance with all applicable Sanctions and with the Foreign Corrupt Practices Act of 1977, as amended, and the rules
and regulations thereunder (the “FCPA”), the UK Bribery Act 2010 and any other applicable anti-corruption law in other jurisdictions in which any Borrower is organized, in all material respects, except for such matters as previously
disclosed to the Lenders prior to the Effective Date pursuant to the 10-Q filed by the Company on April 28, 2022. The Company and its Subsidiaries have instituted and maintain policies and procedures
designed to promote and achieve continued compliance with applicable Sanctions, the FCPA and any other applicable anti-corruption laws in other jurisdictions in which any Borrower is organized. 

ARTICLE IV 
 CONDITIONS

 SECTION 4.01 Effective Date. The obligations of the Lenders to make Loans hereunder shall not become effective until the date
on which each of the following conditions has been satisfied (or waived in accordance with Section 11.02): 
 (a)
The Administrative Agent (or its counsel) shall have received from each party hereto either (i) a counterpart of this Agreement and any other Loan Document signed on behalf of such party or (ii) written evidence satisfactory to the
Administrative Agent (which may include telecopy or electronic transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement and any other Loan Document. 

(b) The Administrative Agent shall have received favorable written opinions (addressed to the Administrative Agent and the Lenders and dated
the Effective Date) of (i) O’Melveny & Myers LLP, special counsel for the Company, substantially in the form of Exhibit E-1, and (ii) an
in-house counsel of the Company, substantially in the form of Exhibit E-2. Each Loan Party hereby requests such counsel to deliver such opinions. 

(c) The Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may reasonably
request relating to the formation, existence and good standing (to the extent such concept applies) of the Loan Parties and the authorization of the Transactions, all in form and substance satisfactory to the Administrative Agent and its counsel.

  
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 (d) The Administrative Agent shall have received a certificate, dated the Effective Date and
signed by a Responsible Officer of the Company, confirming that all the conditions set forth in Section 4.01(f) and in subsections (a) and (b) of Section 4.02 have been
satisfied. 
 (e) The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Effective Date,
including, to the extent an invoice with respect thereto shall have been received by the Company not fewer than five Business Days (or such lesser number of days as the Company shall agree) prior to the Effective Date, reimbursement or payment of
all out-of-pocket expenses required to be reimbursed or paid by the Company hereunder or under any other Loan Document. 

(f) The Company (i) shall have repaid (or concurrently with the Effective Date will be repaying) in full the principal of, and interest
accrued on, all Loans (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement on the Effective Date, together with all other amounts accrued and unpaid thereunder and (ii) shall have paid (or concurrently
with the Effective Date will be paying) all accrued and unpaid fees and expenses subject to payment or reimbursement under the Existing Credit Agreement and all commitments under the Existing Credit Agreement shall have terminated (or concurrently
with the Effective Date are being terminated). 
 (g) (i) Upon the reasonable request of any Lender made at least five Business Days prior
to the Effective Date, the Borrowers shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and
anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act, in each case at least two days prior to the Effective Date and (ii) at least two days prior to the Effective Date, any Loan Party that qualifies as a
“legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Lender that so requests at least five Business Days prior to the Effective Date, a Beneficial Ownership Certification in relation to such Loan
Party. 
 The Administrative Agent shall notify the Company and the Lenders of the Effective Date, and such notice shall be conclusive and
binding. 
 Without limiting the generality of the provisions of the third paragraph of Article VIII, for purposes of determining
compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter
required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Effective Date specifying its objection thereto. 

SECTION 4.02 Each Credit Event. The obligation of each Lender to make a Loan on the occasion of each Borrowing is subject to the
satisfaction of the following conditions: 
 (a) The representations and warranties of the Loan Parties set forth in the Loan Documents
(excluding, after the Effective Date, the representations and warranties set forth in Sections 3.05 and 3.06(b) of this Agreement) shall be true and correct in all material respects on and as of the date of such Borrowing (except that
if a qualifier relating to materiality or material adverse change or a similar concept applies, such representation or warranty shall be required to be true and correct in all respects), other than representations which are given as of a particular
date, in which case the representation shall be true and correct in all material respects (or with respect to representations and warranties modified by materiality statements, in all respects) as of that date; provided that for purposes of
this Section 4.02, the representations and warranties contained in clause (a) of Section 3.06 shall be deemed to refer to the most recent statements furnished pursuant to clauses
(a) and (b), respectively, of Section 5.07. 

  
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 (b) At the time of and immediately after giving effect to such Borrowing and the application
of the proceeds thereof, no Default shall have occurred and be continuing. 
 (c) In the case of a Borrowing to be denominated in a
Designated Foreign Currency, Yen or Singapore Dollar, such currency remains an Eligible Currency. 
 (i) In the case of a
Singapore Dollar Enabled Revolving Borrowing, there shall not have occurred either event set forth in Section 7.01(k)(i) or (k)(iii) without giving effect to the exception set forth therein of no Loans or other
Obligations of a Singapore Borrower being outstanding. 
 (ii) In the case of a Yen Enabled Revolving Borrowing, there shall
not have occurred the event set forth in Section 7.01(k)(ii) without giving effect to the exception set forth therein of no Loans or other Obligations of a Japanese Borrower being outstanding. 

(d) In the case of a Borrowing to be denominated in Yen, no Exemption Event shall have occurred and be continuing. 

Each Borrowing shall be deemed to constitute a representation and warranty by the Company and each other Borrower on the date thereof as to the matters
specified in subsections (a) and (b) and, to the extent applicable, subsections (c) and (d) of this Section. 

SECTION 4.03 Initial Borrowing in Respect of each Borrower that is not a Borrower on the Effective Date. The obligation of each Lender
to make Loans to each Borrower that is not a Borrower on the Effective Date is subject to the satisfaction of the following conditions on the date of the initial Borrowing in respect of such Borrower: 

(a) The Administrative Agent (or its counsel) shall have received such Borrower’s Borrowing Subsidiary Agreement duly executed by all
parties thereto. 
 (b) (i) The Administrative Agent shall have received such documents and certificates (including such legal opinions) as
the Administrative Agent or its counsel may reasonably request relating to the formation, existence and good standing of such Borrower, the authorization of the Transactions insofar as they relate to such Borrower and any other legal matters
relating to such Borrower, its Borrowing Subsidiary Agreement or such Transactions, all in form and substance reasonably satisfactory to the Administrative Agent and its counsel, (ii) upon the reasonable request of any Lender, such Borrower
shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and
regulations, including, without limitation, the PATRIOT Act, in each case, at least ten Business Days prior to the date of such initial Borrowing and any Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership
Regulation shall have delivered, to each Lender that so requests, a Beneficial Ownership Certification in relation to such Borrower, and (iii) in connection with the approval of any Additional Foreign Borrower by the Administrative Agent and
the Lenders, an executed amendment to this Agreement effecting such additional or different terms hereof as shall be necessary, required or preferable in connection with such Subsidiary becoming an Additional Foreign Borrower. 

  
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 ARTICLE V 

AFFIRMATIVE COVENANTS 

Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have
been paid in full, each Borrower covenants and agrees with the Lenders that it will: 
 SECTION 5.01 Payment of Taxes, Etc. Pay and
discharge, and cause each Material Subsidiary to pay and discharge (i) all Federal and other taxes, assessments and governmental charges or levies imposed upon it or upon its income, profit or property, and (ii) all lawful claims which, if
unpaid, might by law become a lien upon its property; provided, however, that neither the Company nor any Material Subsidiary shall be required to pay or discharge any such tax, assessment, charge or claim which is being contested in
good faith and by proper proceedings and with respect to which the Company shall have established appropriate reserves in accordance with GAAP or where the failure to do so could not reasonably be expected to have a material adverse effect on the
financial condition or operations of the Company and the Subsidiaries taken as a whole. 
 SECTION 5.02 Maintenance of Insurance.
Maintain, and cause each Material Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by (or, as applicable, self-insure in a manner and
to an extent not inconsistent with conventions observed by) companies engaged in similar businesses and owning similar properties in the same general areas in which the Company or such Material Subsidiary operates. 

SECTION 5.03 Preservation of Existence, Etc. Preserve and maintain, and cause each Material Subsidiary to preserve and maintain, its
corporate, limited liability company or other organizational existence, rights (charter and statutory), and franchises, except as otherwise permitted by Section 6.04 or, in the case of any such rights and franchises, except
to the extent that could not reasonably be expected to have a material adverse effect on the business or operations of the Company and the Subsidiaries taken as a whole. 

SECTION 5.04 Compliance with Laws, Etc. Comply, and cause each Material Subsidiary to comply, with the requirements of all Applicable
Laws, rules, regulations and orders of any Governmental Authority (including, without limitation, all Environmental Laws), noncompliance with which would materially adversely affect the financial condition or operations of the Company and the
Subsidiaries taken as a whole. 
 SECTION 5.05 Keeping of Books. Keep, and cause each Material Subsidiary to keep, proper books of
record and account, in which full and correct entries shall be made of all financial transactions and the assets and business of the Company and each Material Subsidiary in accordance with GAAP consistently applied. 

SECTION 5.06 Inspection. Permit, and cause each Material Subsidiary to permit, the Administrative Agent, and its representatives and
agents, to inspect any of the properties, corporate books and financial records of the Company and its Material Subsidiaries, to examine and make copies of the books of account and other financial records of the Company and its Material
Subsidiaries, and to discuss the affairs, finances and accounts of the Company and its Material Subsidiaries with, and to be advised as to the same by, their respective officers or directors, at such reasonable times during normal business hours and
intervals as the Administrative Agent may reasonably designate. 

  
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 SECTION 5.07 Reporting Requirements. Furnish to the Administrative Agent in
sufficient copies for distribution to each Lender: 
 (a) As soon as available and in any event within 55 days after the end of each of the
first three quarters of each fiscal year of the Company, a consolidated balance sheet of the Company and the consolidated Subsidiaries as of the end of such quarter and a consolidated statement of income and changes in financial position (or
consolidated statement of cash flow, as the case may be) of the Company and the consolidated Subsidiaries for the period commencing at the end of the previous fiscal year and ending with the end of such quarter, certified by the chief financial
officer of the Company; 
 (b) As soon as available and in any event within 100 days after the end of each fiscal year of the Company, a
consolidated balance sheet of the Company and the consolidated Subsidiaries as of the end of such year and a consolidated statement of income and stockholder’s equity and changes in financial position of the Company and the consolidated
Subsidiaries for such fiscal year and accompanied by a report of PricewaterhouseCoopers LLC, independent registered public accounting firm of the Company, or other independent public accountants of nationally recognized standing, on the results of
their examination of the consolidated annual financial statements of the Company and the consolidated Subsidiaries, which report shall be unqualified or shall be otherwise reasonably acceptable to the Required Lenders; provided that such
report may set forth qualifications to the extent such qualifications pertain solely to changes in GAAP from earlier accounting periods, the implementation of which changes (with the concurrence of such accountants) is reflected in the financial
statements accompanying such report; 
 (c) Promptly after the sending or filing thereof, copies of all reports which the Company files with
the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended (other than pursuant to Rule 14a-12, as amended), including, without limitation, all such reports that disclose
material litigation pending against the Company or any Material Subsidiary or any material noncompliance with any Environmental Law on the part of the Company or any Material Subsidiary; 

(d) Together with the financial statements required pursuant to clauses (a) and (b) above, a certificate signed by a
Responsible Officer of the Company (A) stating that no Default exists or, if any does exist, stating the nature and status thereof and describing the action the Company proposes to take with respect thereto and (B) demonstrating, in
reasonable detail, the calculations used by such officer to determine compliance with the financial covenant contained in Section 6.07; 

(e) As soon as possible, and in any event within five Business Days after the Company shall become aware of the occurrence of each Default,
which Default is continuing on the date of such statement, a statement of a Responsible Officer of the Company setting forth details of such Default or event and the action which the Company proposes to take with respect thereto; 

(f) Promptly following any request therefor, provide information and documentation reasonably requested by the Administrative Agent or any
Lender for purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act and the Beneficial Ownership Regulation; and 

(g) From time to time, such other information as to the business and financial condition of the Company and the Subsidiaries and their
compliance with the Loan Documents as the Administrative Agent, or any Lender through the Administrative Agent, may reasonably request. 

  
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 Documents required to be delivered pursuant to Section 5.07(a),
(b) or (c) (to the extent any such documents are included in materials otherwise filed with the Securities and Exchange Commission) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date
(i) on which the Company posts such documents, or provides a link thereto on the Company’s website on the Internet at the website address listed on Schedule 11.01; or (ii) on which such documents are posted on the
Company’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that:
(i) the Company shall deliver paper copies of such documents to the Administrative Agent or any Lender upon its request to the Company to deliver such paper copies until a written request to cease delivering paper copies is given by the
Administrative Agent or such Lender and (ii) the Company shall notify the Administrative Agent and each Lender (by telecopier or electronic mail) of the posting of any such documents and provide to the Administrative Agent by electronic mail
electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor
compliance by the Company with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

Each Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers may, but shall not be obligated to, make
available to the Lenders materials and/or information provided by or on behalf of the Borrowers hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks, Syndtrak, ClearPar or a substantially
similar electronic transmission system (the “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material
non-public information with respect to any of the Borrowers or their respective Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related
activities with respect to such Persons’ securities. Each Borrower hereby agrees that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a
minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC”, such Borrower shall be deemed to have authorized the Administrative Agent, the
Arrangers and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to such Borrower or its securities for purposes of United States Federal and state
securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 11.12); (y) all Borrower Materials marked “PUBLIC”
are permitted to be made available through a portion of the Platform designated “Public Side Information”; and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower Materials that are not marked
“PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information”. Notwithstanding the foregoing, no Borrower shall be under any obligation to mark any Borrower Materials
“PUBLIC.” 
 (h) As soon as possible, and in any event within ten Business Days of the occurrence of any ERISA Event. 

SECTION 5.08 Use of Proceeds. Use the proceeds of Borrowings hereunder for the purposes referred to in the recitals to this Agreement,
and not for any purpose that would entail a violation of any Applicable Law or regulation (including, without limitation, Regulations U and X of the Board). With respect to any Borrowing the proceeds of which shall be used to purchase or carry
margin stock, the applicable Borrower shall include in the Borrowing Request for such Borrowing such information as shall enable the Lenders and the Borrowers to determine that they are in compliance with such Regulations U and X. 

SECTION 5.09 Limitation of Debt From Lenders That Are Not Qualifying Banks. Each Swiss Borrower shall have Debt owing to no more than
twenty (20) lenders that are not Qualifying Banks, including for the purposes of this Section 5.09 any such Debt owing to Affiliates of such Swiss Borrower. 

  
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 SECTION 5.10 Anti-Social Group. The Japanese Borrowers shall promptly provide to the
Administrative Agent such documents or information pertaining to the Japanese Borrowers and within the possession of the Japanese Borrowers (including, without limitation, registered or principal office, residential address, formal name, birth date)
as the Administrative Agent shall reasonably request for the purposes of screening to identify Anti-Social Conduct, Anti-Social Groups and other matters by the Administrative Agent. 

SECTION 5.11 Anti-Corruption Laws. Conduct its businesses in compliance with the FCPA, the UK Bribery Act 2010, and other similar
anti-corruption legislation in other jurisdictions in which any Borrower is organized and maintain in effect policies and procedures designed to promote and achieve compliance by each Borrower, its Subsidiaries, and their respective directors,
officers, employees, and agents with applicable Sanctions and with the FCPA and any other applicable anti-corruption laws in other jurisdictions in which any Borrower is organized. 

ARTICLE VI 
 NEGATIVE COVENANTS

 Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have
been paid in full, each Borrower covenants and agrees with the Lenders that it will not: 
 SECTION 6.01 Subsidiary Debt. Permit any
Material Subsidiary to create, incur, assume or permit to exist any Debt, except: 
 (a) Debt created under the Loan Documents; 

(b) Debt existing on the date hereof or advanced pursuant to commitments in effect on the date hereof and, to the extent that any such Debt,
including any such commitments, is in excess of $10,000,000, set forth in Schedule 6.01 and extensions, renewals and replacements of any such Debt that do not increase the outstanding principal amount thereof permitted as of the date hereof;

 (c) Debt to the Company or any other Subsidiary; 

(d) Debt in respect of performance and surety, bid, indemnity, stay, customs, appeal and performance bonds and performance and completion
guarantees, obligations in respect of letters of credit or bank guarantees, warehouse receipts or other similar instruments, in each case in the ordinary course of business, including without limitation, to conduct business or in respect of workers
compensation claims, health, disability or other employee benefits or property, casualty, liability or unemployment insurance or self-insurance, other social security laws or regulations or to comply with laws; 

(e) Debt on property described in Section 6.02(p); provided that such Debt shall not either (i) have
been created in anticipation of the related amalgamation, merger, consolidation, sale, lease or other disposition or in contemplation of such acquisition or (ii) at any time exceed an aggregate outstanding principal amount equal to
$1,000,000,000; 
 (f) Debt of any Receivables Subsidiary; provided that such Debt shall not at any time exceed an aggregate
outstanding principal amount equal to $600,000,000; 
 (g) Debt on property described in Section 6.02(t);
provided that such Debt shall not at any time exceed an aggregate outstanding principal amount equal to $350,000,000; and 

  
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 (h) Debt in respect of capital leases, Synthetic Lease Obligations and purchase money
obligations or similar obligations for the acquisition, construction or improvement of fixed or capital assets within the limitations set forth in Section 6.02(v); provided, however, that the aggregate
principal amount of all such Debt at any one time outstanding shall not exceed $350,000,000; 
 (i) (i) endorsement of negotiable
instruments for deposit or collection or similar transactions in the ordinary course of business; (ii) Debt in respect of netting services, overdraft protections and otherwise in connection with deposit accounts; and (iii) Debt in respect
of credit cards and credit accounts of the Company or any Subsidiary in the ordinary course of business; 
 (j) guaranties in the ordinary
course of business, including in respect of the obligations of suppliers, customers, franchisees and licensees of the Company or any Subsidiary; 

(k) debt arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently (except in
the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided, however, that such Debt is extinguished within sixty (60) Business Days of incurrence; 

(l) Debt in respect of (i) workers’ compensation claims, self-insurance obligations, bankers’ acceptances, customs, Taxes and
other similar tax guarantees, in each case incurred in the ordinary course of business and not in connection with the borrowing of money and (ii) any customary cash management, cash pooling or netting or
setting-off arrangements incurred in the ordinary course of business; 
 (m) Debt representing
deferred compensation to employees of any Material Subsidiary; 
 (n) Debt that may be deemed to exist in connection with agreements
providing for indemnification, deferred purchase price obligations or other purchase price adjustments and similar obligations in connection with acquisitions or sales of assets and/or businesses; and 

(o) other Debt; provided that the Designated Amount does not at any time exceed the greater of (i) 15% of Consolidated Tangible Assets
and (ii) $1,000,000,000. 
 SECTION 6.02 Liens, Etc. Suffer to exist, create, assume or incur, or permit any Material Subsidiary to
suffer to exist, create, assume or incur, any Security Interest, or assign, or permit any Material Subsidiary to assign, any right to receive income, in each case to secure Debt or any other obligation or liability, other than: 

(a) any Security Interest to secure Debt or any other obligation or liability of any Material Subsidiary to the Company; 

(b) mechanics’, materialmen’s, carriers’, warehousemen’s, workmen’s repairmen’s or other like liens arising in
the ordinary course of business (including construction of facilities) in respect of obligations which are not overdue for a period of more than sixty (60) days or, if overdue for a period of more than sixty (60) days, which are being
contested in good faith and for which reasonable reserves have been established; 
 (c) any Security Interest arising by reason of deposits
with, or the giving of any form of security to, any governmental agency or any body created or approved by law or governmental regulation which is required by law or governmental regulation as a condition to the transaction of any business, or the
exercise of any privilege, franchise or license; 

  
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 (d) Security Interests for taxes, assessments or governmental charges or levies not
delinquent for a period of more than sixty (60) days or Security Interests for taxes, assessments or governmental charges or levies already delinquent for a period of more than sixty (60) days but the validity of which is being contested
in good faith and for which reasonable reserves have been established; 
 (e) Security Interests (including judgment liens) arising in
connection with legal proceedings so long as such proceedings are being contested in good faith and, in the case of judgment liens, no Event of Default has occurred and is continuing pursuant to clause (h) of
Section 7.01 hereof; 
 (f) Security Interests in favor of customs and revenue authorities arising as a matter of
law to secure payment of customs duties in connection with the importation of goods; 
 (g) (i) Security Interests incurred or pledges or
deposits made in the ordinary course of business, under to secure obligations under workers’ compensation, unemployment insurance and other social security laws or regulations or letters of credit or guaranties in request thereof;
(ii) deposits securing liability for premiums to insurance carriers under insurance or self-insurance arrangements in respect of such obligations; and (iii) Liens on insurance policies and the proceeds thereof securing the financing of the
premiums with respect thereto; 
 (h) to the extent constituting a security interest, Security Interests arising from precautionary Uniform
Commercial Code financing statements or consignments entered into in connection with any transaction not prohibited under this Agreement; 

(i) the prior rights of consignees and their lenders under consignment arrangements entered into in the ordinary course of business and
Security Interests arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered into by the Company or any of its Material Subsidiaries in the ordinary course of business; 

(j) Security Interests that are contractual rights of set-off (i) relating to the establishment
of depository relations with banks and other financial institutions not given in connection with the issuance of Debt (other than as described in clause (a) of the definition thereof), (ii) relating to pooled deposit, sweep accounts,
reserve accounts or similar accounts of the Company or a Material Subsidiary to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Company or a Material Subsidiary, (iii) relating to
purchase orders and other agreements entered into with customers, suppliers or services providers of the Company or a Material Subsidiary in the ordinary course of business or (iv) relating to the credit cards and credit accounts of the Company
or a Material Subsidiary in the ordinary course of business 
 (k) landlords’ liens on fixtures and other property located on premises
leased by the Company or a Material Subsidiary in the ordinary course of business; 
 (l) Security Interests arising in connection with
contracts and subcontracts with or made at the request of the United States of America, any state thereof, or any department, agency or instrumentality of the United States of America or any state thereof or other Governmental Authority for
obligations not yet delinquent; 
 (m) any Security Interest arising by reason of deposits to qualify the Company or a Material Subsidiary
to conduct business, to maintain self-insurance, or to obtain the benefit of, or comply with, laws; 
 (n) any purchase money Security
Interest claimed by sellers of goods on ordinary trade terms provided that no financing statement has been filed to perfect such Security Interest; 

  
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 (o) any Security Interest existing as of the date hereof and set forth on Schedule
6.02, and the extension thereof to additions, extensions, or improvements to the property subject to the Security Interest which does not arise as a result of borrowing money or the securing of Debt or other obligation or liability created,
assumed or incurred after such date; 
 (p) Security Interests on (i) property of a corporation or other Person existing at the time
such corporation or Person is amalgamated, merged or consolidated with the Company or any Subsidiary or at the time of a sale, lease or other disposition of the properties of a corporation or other Person as an entirety (or the properties of a
corporation or other Person comprising a product line or line of business, as an entirety) or substantially as an entirety to the Company or a Subsidiary; or (ii) property comprising machinery, equipment, real property or other property
acquired by the Company or any of its Material Subsidiaries, which Security Interests shall have existed at the time of such acquisition and secure obligations assumed by the Company or such Material Subsidiary in connection with such acquisition;
provided that the Debt or other obligations or liabilities secured by Security Interests of the type described in this subsection (p) shall not either (i) have been created in anticipation of such amalgamation, merger,
consolidation, sale, lease or other disposition or in contemplation of such acquisition or (ii) at any time exceed an aggregate amount equal to $1,000,000,000; 

(q) Security Interests arising in connection with the sale, assignment or other transfer by the Company or any Material Subsidiary of accounts
receivable, lease receivables or other payment obligations (any of the foregoing being a “Receivable”) owing to the Company or such Material Subsidiary or any interest in any of the foregoing (together in each case with any
collections and other proceeds thereof and any collateral, guarantees or other property or claims in favor of the Company or such Material Subsidiary supporting or securing payment by the obligor thereon of any such Receivables), in each case
whether such sale, assignment or other transfer constitutes a “true sale” or a secured financing for accounting, tax or any other purpose; provided that either (i) such sale, assignment or other transfer shall have been made as
part of a sale of the business out of which the applicable Receivables arose, (ii) such sale, assignment or other transfer is made in the ordinary course of business and is for the purpose of collection only, (iii) such sale, assignment or
other transfer is made in connection with an agreement on the part of the assignee thereof to render performance under the contract that has given rise to such Receivable, or (iv) in the case of any other sale, assignment or transfer, such
sale, assignment or transfer is to a Receivables Subsidiary in compliance with Section 6.01(f); 
 (r) Security
Interests securing non-recourse obligations in connection with leveraged or single-investor lease transactions; 

(s) Security Interests securing the performance of any contract or undertaking made in the ordinary course of business (as such business is
currently conducted) other than for the payment of Debt; 
 (t) any Security Interest granted by the Company or any Material Subsidiary
securing Debt permitted under Section 6.01(g); provided, that (i) the property of such Material Subsidiary which is subject to such Security Interest is a parcel of real property, a manufacturing plant,
manufacturing equipment, a warehouse, or an office building acquired, constructed, developed, improved or owned by the Company or by such Material Subsidiary, and (ii) such Security Interest is created prior to or contemporaneously with, or
within 180 days after (x) in the case of acquisition of such property, the completion of such acquisition and (y) in the case of the construction, development or improvement of such property, the later to occur of the completion of such
construction, development or improvement or the commencement of operations, use or commercial production (exclusive of test and start-up periods) of such property, and such Security Interest secures or
provides for the payment of all or any part of the acquisition cost of such property or the cost of construction, development or improvement thereof, as the case may be; 

  
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 (u) any Security Interest in deposits or cash equivalent investments pledged with a
financial institution for the sole purpose of implementing a hedging or financing arrangement commonly known as a “back-to-back” loan arrangement, provided in
each case that neither the assets subject to such Security Interest nor the Debt incurred in connection therewith are reflected on the consolidated balance sheet of the Company; 

(v) any Security Interest securing Debt permitted under Section 6.01(h); provided that such Security
Interests do not at any time encumber any property other than the property financed by such Debt, except for replacements, additions and accessions to the property that are affixed or incorporated into the property covered by such Lien or financed
with the proceeds of such Debt and the proceeds and the products thereof and individual financings or leases of equipment or other property provided by one lender or lessor may be cross collateralized to other financings of equipment or other
property provided by such lender or lessor; or 
 (w) Liens (i) of a collection bank arising under
Section 4-210 of the UCC on items in the course of collection (or comparable foreign liens); (ii) attaching to commodity trading accounts or other commodities brokerage accounts incurred in the ordinary
course of business; (iii) in favor of a banking institution arising as a matter of law encumbering deposits (including the right of set-off) and which are within he general parameters customary in the
banking industry; and (iv) incurred in connection with a cash management program established in the ordinary course of business; 
 (x)
Liens encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes; 

(y) licenses, leases or subleases granted to third parties or the Company or any Material Subsidiary in the ordinary course of business which,
individually or in the aggregate, taken as a whole, do not materially interfere with the business of the Company and its Material Subsidiaries; 

(z) Liens securing judgments not constituting an Event of Default under clause (h) of Section 7.01
hereof or securing appeal or other surety bonds related to such judgments; 
 (aa) Security Interests on property or assets under
construction (and related rights) in favor of a contractor or developer or arising from progress or partial payments by a third party relating to such property or assets; 

(bb) (i) easements, zoning restrictions, rights-of-way,
restrictions, encroachments and other similar encumbrances and title defects affecting real property that, in any such case, do not in any case materially detract from the value of the property subject thereto or materially interfere with the
ordinary conduct of the business of the Company and its Material Subsidiaries; (ii) zoning, building, entitlement and other land use regulations by Governmental Authorities with which the normal operation of the business complies, and
(ii) any zoning or similar law or right reserved to or vested in any Governmental Authority to control or regulate the use of any real property that does not materially interfere with the ordinary conduct of the business of the Company and its
Material Subsidiaries; or 
 (cc) any extension, renewal or refunding (or successive extensions, renewals or refundings) in whole or in part
of any Debt or any other obligation or liability secured by any Security Interest referred to in the foregoing subsections (a) through (bb), provided that the principal amount of Debt or any other obligation or liability
secured by such Security Interest shall not exceed the principal amount outstanding immediately prior to such extension, renewal or refunding, together with any accrued interest and fees thereon, and that the Security Interest securing such Debt or
other obligation or liability shall be limited to 

  
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the property which, immediately prior to such extension, renewal or refunding secured such Debt or other obligation or liability and replacement, additions and accessions to such property; and
provided further that the principal amount of Debt or any other obligation or liability secured by such Security Interest shall continue to be taken into account for purposes of computing the amount of Debt or any other obligation or
liability that may be secured under any applicable basket provided for in the foregoing subsections (a) through (bb). 

Notwithstanding the foregoing provisions of this Section, the Company and the Material Subsidiaries may, at any time, suffer to exist, issue,
incur, assume and guarantee Secured Debt (in addition to Secured Debt permitted to be secured under the foregoing subsections (a) through (w)); provided that the Designated Amount does not at any time exceed the greater of
(i) 15% of Consolidated Tangible Assets and (ii) $1,000,000,000. 
 SECTION 6.03 Anti-Social Group. (a) Become a member of an
Anti-Social Group, (b) have any Anti-Social Relationship, (c) engage in any Anti-Social Conduct, whether directly or indirectly through a third party or (d) make any claim against the Administrative Agent or any Lender for any damages
or losses suffered or incurred as a result of the Administrative Agent or any Lender exercising its rights under this Agreement as a result of any breach of this Section 6.03 or any misrepresentation in connection with
Section 3.16. 
 SECTION 6.04 Merger, Etc. (a) Permit the Company to merge or consolidate with or
into, or Transfer Assets to, any Person, except that the Company may (i) merge or consolidate with any US Corporation, including any Subsidiary that is a US Corporation, and (ii) Transfer Assets to any Subsidiary which is a US Corporation;
provided, in each case described in clause (i) and (ii) above, that (A) immediately after giving effect to such transaction, no Default shall have occurred and be continuing and (B) in the case of any merger or
consolidation to which the Company shall be a party, the survivor of such merger or consolidation shall be the Company. 
 (b) Permit any
Material Subsidiary to amalgamate, merge or consolidate with or into, or Transfer Assets to, any Person unless (i) immediately after giving effect to such transaction, no Default shall have occurred and be continuing and (ii) in the case
of any amalgamation, merger or consolidation to which a Borrower shall be a party, the survivor of such amalgamation, merger or consolidation shall be a Borrower. 

(c) Notwithstanding the foregoing provisions of this Section 6.04 (other than the restrictions of subsection
(a) above on the ability of the Company to Transfer Assets), the Company may sell, transfer or otherwise dispose of all or substantially all of the capital stock or other equity interests, or the assets of, any Material Subsidiary (other
than any Borrower), and any Material Subsidiary may amalgamate, merge or consolidate with or into, or Transfer Assets to, any Person; provided, that, in each case, either (A)(i) both before and immediately after giving effect to such
transaction, no Default shall have occurred and be continuing and (ii) such transaction shall be at fair value on an arm’s-length basis, or (B) such Person is the Company or a wholly owned
Subsidiary of the Company. 
 SECTION 6.05 Change in Business. Permit the Company and its Material Subsidiaries to engage to any
material extent taken as a whole in any business other than the medical devices, supplies and services businesses and other businesses engaged in by the Company and its Material Subsidiaries as of the Effective Date, it being understood that this
Section 6.05 shall not prohibit the Company or its Material Subsidiaries from conducting any business or business activities incidental or related to the business of the Company and its Subsidiaries as carried on as of the
Effective Date or any business or activity that is reasonably similar or complementary thereto or a reasonable extension, development or expansion thereof or ancillary thereto. 

  
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 SECTION 6.06 Certain Restrictive Agreements. Permit the Company or any Material
Subsidiary to enter into any contract or other agreement that would limit the ability of any Material Subsidiary to pay dividends or make loans or advances to, or to repay loans or advances from, the Company or any other Subsidiary (other than any
Unrestricted Subsidiary (as defined below)); provided that nothing in this Section shall prohibit (a) covenants or agreements entered into in connection with the incurrence of secured Debt permitted hereunder that restrict the transfer
of collateral securing such Debt, (b) agreements entered into in connection with sales of Receivables that govern the application of proceeds of sold Receivables, (c) any note purchase agreement, indenture or similar agreement providing
for the issuance of senior, unsecured notes by the Company solely to the extent that (x) such note purchase agreement, indenture or similar agreement does not contain restrictions similar to those contained in this
Section 6.06 that are more restrictive in any material respect than the restrictions set forth in this Section 6.06; provided that, in any event such note purchase agreement, indenture or
similar agreement shall permit the payment of the Obligations and the right to obtain guaranties as provided for herein and (y) at the time of entering into any such note purchase agreement, indenture or similar agreement, no Event of Default
has occurred and is continuing or would result therefrom, (d) any agreement refinancing any Debt under any agreement described in the foregoing clause (c) (but without any expansion of the scope of the applicable covenants and events of
default (however defined)), (e) restrictions or conditions imposed by any agreement relating to liens permitted by this Agreement but solely to the extent that such restrictions or conditions apply only to the property or assets subject to such
permitted lien, (f) customary restrictions in joint venture agreements and other similar agreements applicable to joint ventures permitted hereunder and applicable solely to such joint venture, (g) any agreement or arrangement already
binding on a Subsidiary when it is acquired so long as such agreement or arrangement was not created in anticipation of such acquisition, (h) any restrictions with respect to a Material Subsidiary imposed pursuant to an agreement that has been
entered into in connection with the disposition of all or substantially all of the capital stock or assets of such Material Subsidiary, (i) customary provisions in leases, licenses and other contracts entered into in the ordinary course of
business restricting the assignment thereof, (j) customary provisions limiting the disposition or distribution of assets or property in asset sale agreements, sale-leaseback agreements, stock sale agreements and other similar agreements in the
ordinary course of business, which limitation is applicable only to the assets that are the subject of such agreements, (k) restrictions pursuant to Applicable Law, rule, regulation or order or the terms of any license, authorization,
concession or permit, (l) customary provisions restricting assignment of any agreement entered into in the ordinary course of business, or (m) restrictions on cash or other deposits or net worth imposed by customers, suppliers or landlords
or required by insurance, surety or bonding companies, in each case, under contracts entered into in the ordinary course of business. 
 For purposes of
this Section 6.06, “Unrestricted Subsidiary” shall mean any Subsidiary of the Company which is designated as and meets the requirements of an “Unrestricted Subsidiary” (or similar term) under a note
purchase agreement, indenture or similar agreement which provides for the issuance of senior, unsecured notes by the Company; provided that, in no event shall any Loan Party (or any Subsidiary which is a guarantor of the obligations under any
such note purchase agreement, indenture or similar agreement) be considered an “Unrestricted Subsidiary.” 

  
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 SECTION 6.07 Leverage Ratio. Permit the Leverage Ratio as of the last day of any
fiscal quarter to exceed (a) prior to the date a Qualified Acquisition is consummated, 3.50:1.00 or (b) on or after the date a Qualified Acquisition is consummated, the ratio set forth below opposite the applicable fiscal quarter: 

 

			
	Fiscal Quarter Ended	  	Maximum Leverage Ratio
		
	On or after the date of the consummation of a Qualified Acquisition through the last day of the second full consecutive fiscal quarter of the Company after the consummation of such Qualified Acquisition	  	4.50 : 1.00
		
	On the last day of the third full consecutive fiscal quarter after the consummation of such Qualified Acquisition	  	4.25 : 1.00
		
	On the last day of the fourth full consecutive fiscal quarter after the consummation of such Qualified Acquisition	  	4.00 : 1.00
		
	On the last day of the fifth full consecutive fiscal quarter after the consummation of such Qualified Acquisition	  	3.75 : 1.00
		
	At all times thereafter	  	3.50 : 1.00

 SECTION 6.08 Sanctions. Directly or, to such Borrower’s knowledge, indirectly, use the proceeds of
any Borrowing, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other individual or entity, to fund any activities of or business with any individual or entity who is restricted by Sanctions,
or in any Designated Jurisdiction, that, at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by any individual or entity (including any individual or entity participating in the
transaction, whether as Lender, Arranger, Administrative Agent or otherwise) who is restricted by Sanctions, of Sanctions. 
 SECTION 6.09
Anti-Corruption Laws. Directly or, to such Borrower’s knowledge, indirectly use the proceeds of any Borrowing for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other
similar anti-corruption legislation in other jurisdictions in which any Borrower is organized. 
 ARTICLE VII 

EVENTS OF DEFAULT 

SECTION 7.01 Events of Default. If any of the following events (“Events of Default”) shall occur and be continuing:

 (a) Any Borrower shall fail to (i) pay any interest or fee due hereunder and such default continues for five days, or (ii) pay
any amount of principal of any Loan when due hereunder; or 
 (b) Any representation or warranty made or deemed made by the Company or any
other Loan Party (or any of their respective officers) in connection with this Agreement or any other Loan Document shall prove to have been incorrect in any material respect when made or deemed made; or 

(c) The Company or any Material Subsidiary shall fail to maintain its corporate, limited liability company or organizational existence as
required by Section 5.03, or the Company or any Material Subsidiary shall fail to perform or observe any term, covenant or agreement contained in Article VI (other than Section 6.02 insofar as such
failure results from a nonconsensual Security Interest) of this Agreement on its part to be performed or observed; or 

  
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 (d) The Company or any Material Subsidiary shall fail to perform or observe any other term,
covenant or agreement contained in this Agreement or any other Loan Document on its part to be performed or observed (other than those failures or breaches referred to in subsections (a), (b) and (c) above) and any such
failure shall remain unremedied for 30 days after written notice thereof has been given to the Company by the Administrative Agent at the request of any Lender; or 

(e) Either (i) the Company or any Material Subsidiary shall fail to pay any amount of principal of, interest on or premium with respect
to, any Debt (other than the Loans) of the Company or such Subsidiary outstanding under one or more instruments or agreements when due (whether at scheduled maturity or by required prepayment, acceleration, demand or otherwise) and such Debt shall
be in an aggregate principal amount not less than $200,000,000 and such failure shall continue beyond the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or (ii) any other event shall occur or
condition shall exist with respect to any Debt (other than the Loans) of the Company or such Subsidiary outstanding under one or more instruments or agreements if the effect of such event or condition is (or will after the lapse of any grace period
be) to cause, or to permit the holder or holders of such debt (or any trustee or agent on their behalf) to cause, such Debt to become due, or to require such Debt to be prepaid (other than by a scheduled prepayment), prior to the stated maturity
thereof and such Debt shall be in an aggregate principal amount not less than $200,000,000 and such failure shall continue beyond the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or 

(f) The Company or any Material Subsidiary shall generally not pay its debts as such debts become due, or shall admit in writing its inability
to pay its debts generally; or 
 (g) The Company or any Material Subsidiary shall make a general assignment for the benefit of creditors;
or any proceeding shall be instituted by or against the Company or such Material Subsidiary seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, judicial management, adjustment,
protection, relief, or composition of it or its debt under any law relating to bankruptcy, insolvency, judicial management or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee,
or other similar official for it or for any substantial part of its property; or the Company or any such Material Subsidiary shall take corporate action to authorize any of the actions set forth above in this subsection (g); provided
that, in the case of any such proceeding filed or commenced against the Company or any Material Subsidiary, such event shall not constitute an “Event of Default” hereunder unless either (i) the same shall have remained undismissed or
unstayed for a period of 60 days, (ii) an order for relief shall have been entered against the Company or such Material Subsidiary under the federal bankruptcy laws or other Applicable Laws as now or hereafter in effect or (iii) the
Company or such Material Subsidiary shall have taken corporate action consenting to, approving or acquiescing in the commencement or maintenance of such proceeding; or 

(h) Any judgment or order for the payment of money shall be rendered against the Company or any Material Subsidiary and (i) either (A)
enforcement proceedings shall have been commenced by any creditor upon such judgment or order and shall not have ceased within five (5) Business Days or (B) there shall be any period of 30 consecutive days, in the case of a judgment or
order rendered or entered by a court, during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect unless such judgment or order has been discharged or otherwise satisfied;
provided, however, that any such judgment or order shall not be an Event of Default hereunder if and for so long as (x) the amount of such judgment or order is covered by a valid and binding policy of insurance between the defendant and an
independent third-party insurer covering payment thereof and (y) such insurer, which shall be rated at least “A” by A.M. Best Company, has been notified of, and has not disputed the claim made for payment of, the amount of such
judgment or order, and (ii) the amount of such judgment or order, when aggregated with the amount of all other such judgments and orders described in this subsection (h), shall exceed $200,000,000; 

  
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 (i) a Change in Control shall have occurred; 

(j) the occurrence of an event or events described in clauses (i), (ii), or (iii) of this clause (j), which
either individually or taken in the aggregate would reasonably be expected to result in a material adverse effect to the business, operations or financial condition of the Company and its Subsidiaries, taken as a whole: (i) An ERISA Event
occurs with respect to a Pension Plan which has resulted or could reasonably be expected to result in liability of the Company under Title IV of ERISA to the Pension Plan or the PBGC; (ii) the Company or any ERISA Affiliate fails to pay when
due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan; or (iii) the Company or any ERISA Affiliate incurs any
liability, whether under ERISA, the Code or other Applicable Law for any failure to comply with Applicable Law, with respect to or in connection with any Non-Pension Plan; 

(k) (i) except to the extent that no Loans or other Obligations of such Singapore Borrower are outstanding, a moratorium takes effect by
operation of law or is declared in respect of any indebtedness of any Subsidiary which is a Singapore Borrower (if a moratorium occurs or is declared, the ending of the moratorium will not remedy any Event of Default caused by that moratorium.),
(ii) except to the extent that no Loans or other Obligations of such Japanese Borrower are outstanding, any bank, clearinghouse or Densai.net Co., Ltd. takes procedures for the suspension of any transactions of any Subsidiary which is a Japanese
Borrower with banks or similar financial institutions, or (iii) except to the extent that no Loans or other Obligations of such Singapore Borrower are outstanding, any Subsidiary that is a Singapore Borrower is or will be unable or admits
inability or is presumed or deemed to be unable to pay its debts as they fall due; or 
 (l) any Singapore Borrower is declared by the
Minister of Finance to be a company to which Part IX of the Companies Act, Chapter 50 of Singapore applies; 
 then, in any such event (but
in regards to clause (k) or (l) above, only if at the time of occurrence thereof, the Singapore Borrower or the Japanese Borrower is a Material Subsidiary pursuant to clause (c) of the definition thereof), but subject
to the next following sentences, the Administrative Agent shall at the request, or may with the consent, of the Required Lenders, by notice to the Company, (i) declare the obligation of each Lender to make Loans hereunder to be terminated,
whereupon the same shall forthwith terminate and/or (ii) declare the entire unpaid principal amount of the Loans, all interest accrued and unpaid thereon and all other amounts payable under this Agreement to be forthwith due and payable,
whereupon the Loans, all such accrued interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrowers. In the
event of the occurrence of an Event of Default under clause (f) or (g) of this Section 7.01, (A) the obligation of each Lender to make Loans shall automatically be terminated and (B) the Loans, all
such interest and all such amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by each Borrower. In the event of the occurrence of an
Event of Default under clause (k)(i), (k)(iii) or (l) of this Section 7.01, (A) the obligation of each Singapore Dollar Enabled Lender to make Singapore Dollar Enabled Revolving Loans shall
automatically be terminated and (B) the Singapore Dollar Enabled Revolving Loans, all such interest thereon and all such amounts in respect therewith shall automatically become and be due and payable, without presentment, demand, protest or any
notice of any kind, all of which are hereby expressly waived by each Singapore Borrower. In the event of the occurrence of an Event 

  
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of Default under clause (k)(ii) of this Section 7.01, (A) the obligation of each Yen Enabled Lender to make Yen Enabled Revolving Loans shall automatically be
terminated and (B) the Yen Enabled Revolving Loans, all such interest thereon and all such amounts in respect therewith shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of
which are hereby expressly waived by each Japanese Borrower. 
 SECTION 7.02 Application of Funds. After the exercise of remedies
provided for in Section 7.01 (or after the Loans have automatically become immediately due and payable), any amounts received on account of the Obligations shall, subject to the provisions of
Section 2.21, 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 fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article II) payable to the
Administrative Agent in its capacity as such; 
 Second, to payment of that portion of the Obligations constituting
fees, indemnities and other amounts (other than principal and interest) payable to the Lenders (including fees, charges and disbursements of counsel to the respective Lenders (including fees and time charges for attorneys who may be employees of any
Lender) and amounts payable under Article II), ratably among them in proportion to the respective amounts described in this clause Second payable to them; 

Third, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans and other
Obligations, ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to them; 

Fourth, to payment of that portion of the Obligations constituting unpaid principal of the Loans and Lender Swap
Obligations, ratably among the Lenders and the Hedge Banks in proportion to the respective amounts described in this clause Fourth held by them; and 

Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Company or as
otherwise required by law. 
 Notwithstanding the foregoing, Lender Swap Obligations shall be excluded from the application described above
if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may request, from the applicable Hedge Bank. Each Hedge Bank not a party to the Agreement that has given the
notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article VII hereof for itself and its Affiliates as if a
“Lender” party hereto. 
 ARTICLE VIII 

THE ADMINISTRATIVE AGENT 

In order to expedite the transactions contemplated by this Agreement, the Person named in the heading of this Agreement is hereby appointed to
act as Administrative Agent on behalf of the Lenders. Each of the Lenders, each assignee of any Lender hereby irrevocably authorizes the Administrative Agent to take such actions on behalf of such Lender or assignee and to exercise such powers as
are delegated to the Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the

  
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Administrative Agent, the Lenders, and no Borrower shall have rights as a third party beneficiary of any of such provisions. The Administrative Agent is hereby expressly authorized by the
Lenders, without hereby limiting any implied authority, (a) to receive on behalf of the Lenders all payments of principal of and interest on the Loans and all other amounts due to the Lenders hereunder, and promptly to distribute to each Lender
its proper share of each payment so received; (b) to give notice on behalf of each of the Lenders to the Company of any Event of Default specified in this Agreement of which the Administrative Agent has actual knowledge acquired in connection
with its agency hereunder; and (c) to distribute to each Lender copies of all notices, financial statements and other materials delivered by the Company or any other Loan Party pursuant to this Agreement or the other Loan Documents as received
by the Administrative Agent. 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 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. 
 With respect to the Loans made by it hereunder, the Administrative Agent in its individual capacity and not as Administrative
Agent shall have the same rights and powers as any other Lender and may exercise the same as though it were not the Administrative Agent, and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or
unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity, and the Administrative Agent 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 Company or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent and without any duty to account therefor to the Lenders. 

The Administrative Agent or the Arrangers, as applicable, 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 or the Arrangers, as applicable, (a) shall not be subject to any fiduciary or
other implied duties, regardless of whether a Default has occurred and is continuing; (b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly
contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or
in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan
Document or Applicable Law, 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 effect a forfeiture, modification or termination of property of a Defaulting Lender in
violation of any Debtor Relief Law; (c) shall not have any duty or responsibility to disclose, and shall not be liable for the failure to disclose, to any Lender, any credit or other information
concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or any of their Affiliates, that is communicated to, obtained by or in the
possession of, the Administrative Agent, the Arrangers or any of their Related Parties in any capacity, except for notices, reports and other documents expressly required to be
furnished to the Lenders by the Administrative Agent herein; (d) shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number
or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Section 7.01 or
Section 11.02) or (ii) in the absence of its own gross negligence or willful misconduct as 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 notice describing such Default is given in writing to the Administrative Agent by a Borrower or a Lender; and (e) shall not be responsible for or have any duty

  
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to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate,
report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the
occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in
Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

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 be 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 that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have
received notice to the contrary from such Lender prior to the making of such Loan. The Administrative Agent may consult with legal counsel (who may be counsel for any Borrower), independent accountants and other experts selected by it, and shall not
be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 
 The
Administrative Agent may perform any and all its duties and exercise its rights and powers 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 its duties and exercise its rights and powers 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 non-appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 
 The Administrative Agent may resign at any time by notifying the Lenders and the Company.
Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Company, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an
office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation (or such earlier
day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to) on behalf of the Lenders, appoint a successor Administrative Agent
meeting the qualifications set forth above; provided that in no event shall any such successor Administrative Agent be a Defaulting Lender. Whether or not a successor has been appointed, such resignation shall become effective in accordance
with such notice on the Resignation Effective Date. 
 If the Person serving as Administrative Agent is a Defaulting Lender pursuant to
clause (d) of the definition thereof, the Required Lenders may, to the extent permitted by Applicable Law, by notice in writing to the Company and such Person remove such Person as Administrative Agent and, in consultation with the
Company, appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal
Effective Date”), then such removal shall nonetheless become 

  
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effective in accordance with such notice on the Removal Effective Date. With effect from the Resignation Date or the Removal Effective Date (as applicable), (1) the retiring or removed
Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (2) except for any indemnity payments or other amounts owed to the retiring or removed Administrative Agent pursuant to
any of the Loan Documents, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such time, if any, 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 (other than as provided in Section 2.17(g)(ii) and other than any rights to indemnity payments or other amounts owed to the retiring or removed
Administrative Agent pursuant to any of the Loan Documents), 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 Company to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Company and such successor. After the retiring or
removed Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 11.03 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 (i) while it was acting as Administrative Agent and (ii) after such resignation or removal for
as long as any of them continues to act in any such capacity hereunder or under the other Loan Documents, including, without limitation, in respect of any actions taken in connection with transferring the agency to any successor Administrative
Agent. 
 Each Lender expressly acknowledges that none of the Administrative Agent nor any Arranger has made any representation or warranty
to it, and that no act by the Administrative Agent or any Arranger hereafter taken, including any consent to, and acceptance of any assignment or review of the affairs of any Loan Party or any Affiliate thereof, shall be deemed to constitute any
representation or warranty by the Administrative Agent or any Arranger to any Lender as to any matter, including whether the Administrative Agent or any Arranger have disclosed material information in their (or their Related Parties’)
possession. Each Lender represents to the Administrative Agent and the Arrangers that it has, independently and without reliance upon the Administrative Agent, the Arrangers, 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 of, appraisal of, and investigation into, the business, prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties and
their Subsidiaries, and all applicable bank or other regulatory Laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to the Borrowers hereunder. Each Lender also
acknowledges that it will, independently and without reliance upon the Administrative Agent, any Arranger, 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 credit analysis, appraisals and 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, and to make
such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties. Each Lender represents and warrants that (i) the Loan
Documents set forth the terms of a commercial lending facility and (ii) it is engaged in making, acquiring or holding commercial loans in the ordinary course and is entering into this Agreement as a Lender for the purpose of making, acquiring
or holding commercial loans and providing other facilities set forth herein as may be applicable to such Lender, and not for the purpose of purchasing, acquiring or holding any other type of financial instrument, and each Lender agrees not to assert
a claim in contravention of the foregoing. Each Lender represents and warrants that it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans and to provide other facilities set forth herein, as may be applicable to
such Lender, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans or to provide such other facilities, is experienced in making, acquiring or holding such commercial loans or
providing such other facilities. 

  
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 Each Lender hereby acknowledges that no Syndication Agent, Joint Lead Arranger, Joint
Bookrunner or Co-Documentation Agent has any rights, duties or liability hereunder other than in its capacity as a Lender. 

In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the
Administrative Agent (irrespective of whether the principal of any Loan 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 any Borrower)
shall be entitled and empowered, by intervention in such proceeding or otherwise to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans 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 and the Administrative Agent allowed in such judicial proceeding and 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 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, 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 2.12 and 11.03. 

ARTICLE IX 
 COLLECTION
ALLOCATION MECHANISM 
 On the CAM Exchange Date, (a) the Commitments shall automatically and without further act be terminated as
provided in Section 7.01, (b) the principal amount of each Loan denominated in a Designated Foreign Currency, Yen or Singapore Dollar shall automatically and without further action required, be converted into US Dollars
determined using the Exchange Rates calculated as of the CAM Exchange Date, equal to the US Dollar Equivalent of such amount and on and after such date all amounts accruing and owed to any Lender in respect of such Loans shall accrue and be
payable in US Dollars at the rates otherwise applicable hereunder and (c) the Lenders shall automatically and without further act be deemed to have made reciprocal purchases of interests in the Specified Obligations such that, in lieu of the
interests of each Lender in the particular Specified Obligations that it shall own as of such date and prior to the CAM Exchange, such Lender shall own an interest equal to such Lender’s CAM Percentage in each Specified Obligation. Each Lender,
each person acquiring a participation from any Lender as contemplated by Section 11.04 and each Borrower hereby consents and agrees to the CAM Exchange. Each Borrower and each Lender agrees from time to time to execute and
deliver to the Administrative Agent all such promissory notes and other instruments and documents as the Administrative Agent shall reasonably request to evidence and confirm the respective interests and obligations of the Lenders after giving
effect to the CAM Exchange, and each Lender agrees to surrender any promissory notes originally received by it hereunder to the Administrative Agent against delivery of any promissory notes so executed and delivered; provided that the failure
of any Borrower to execute or deliver or of any Lender to accept any such promissory note, instrument or document shall not affect the validity or effectiveness of the CAM Exchange. 

As a result of the CAM Exchange, on and after the CAM Exchange Date, each payment received by the Administrative Agent pursuant to any Loan
Document in respect of any Specified Obligations shall be distributed to the Lenders pro rata in accordance with their respective CAM Percentages. 

  
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 ARTICLE X 

GUARANTEE 
 In order to
induce the Lenders to extend credit to the other Borrowers hereunder, the Company hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the payment when and as due of the Obligations (other than Excluded
Swap Obligations) of such other Borrowers and the Lender Swap Obligations of such other Borrower and its Subsidiaries (collectively, the “Guaranteed Obligations”). The Company further agrees that the due and punctual payment of such
Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension or renewal of any such Guaranteed
Obligation. Without limiting the generality of the foregoing, the Guaranteed Obligations shall include any such indebtedness, obligations, and liabilities, or portion thereof, which may be or hereafter become unenforceable or compromised or shall be
an allowed or disallowed claim under any proceeding or case commenced by or against the Company or any other Borrower under any Debtor Relief Laws to the extent permitted by Applicable Law. 

The Company waives presentment to, demand of payment from and protest to any Borrower of any of the Guaranteed Obligations, and also waives
notice of acceptance of its obligations and notice of protest for nonpayment. The obligations of the Company hereunder shall not be affected by (a) the failure of the Administrative Agent or any Lender to assert any claim or demand or to
enforce any right or remedy against any Loan Party under the provisions of this Agreement, any other Loan Document or otherwise; (b) any extension or renewal of any of the Guaranteed Obligations; (c) any rescission, waiver, amendment or
modification of, or release from, any of the terms or provisions of this Agreement, or any other Loan Document or other agreement; (d) any default, failure or delay, wilful or otherwise, in the performance of any of the Guaranteed Obligations;
or (e) any other act, omission or delay to do any other act which may or might in any manner or to any extent vary the risk of the Company or otherwise operate as a discharge of a guarantor as a matter of law or equity or which would impair or
eliminate any right of the Company to subrogation. 
 The Company further agrees that its agreement hereunder constitutes a guarantee of
payment when due (whether or not any bankruptcy or similar proceeding shall have stayed the accrual or collection of any of the Guaranteed Obligations or operated as a discharge thereof) and not of collection, and waives any right to require that
any resort be had by the Administrative Agent or any Lender to any balance of any deposit account or credit on the books of the Administrative Agent or any Lender in favor of any Borrower or any other Person. 

The obligations of the Company hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, and
shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever, by reason of the invalidity, illegality or unenforceability of any of the Guaranteed Obligations, any
impossibility in the performance of any of the Guaranteed Obligations or otherwise. 
 The Company further agrees that its obligations
hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Guaranteed Obligation is rescinded or must otherwise be restored by the Administrative Agent or any Lender upon the
bankruptcy or reorganization of any Borrower or otherwise. 

  
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 In furtherance of the foregoing and not in limitation of any other right which the
Administrative Agent or any Lender may have at law or in equity against the Company by virtue hereof, upon the failure of any other Borrower to pay any Guaranteed Obligation when and as the same shall become due, whether at maturity, by
acceleration, after notice of prepayment or otherwise, the Company hereby promises to and will, upon receipt of written demand by the Administrative Agent or any Lender, forthwith pay, or cause to be paid, to the Administrative Agent or applicable
Lender in cash an amount equal to the unpaid principal amount of such Guaranteed Obligations then due, together with accrued and unpaid interest thereon. The Company further agrees that if payment in respect of any Guaranteed Obligation shall be due
in a currency other than US Dollars and/or at a place of payment other than New York and if, by reason of any Change in Law, disruption of currency or foreign exchange markets, war or civil disturbance or other event, payment of such Guaranteed
Obligation in such currency or at such place of payment shall be impossible or, in the reasonable judgment of the Administrative Agent or any Lender, not consistent with the protection of its rights or interests, then, at the election of the
Administrative Agent, the Company shall make payment of such Guaranteed Obligation in US Dollars (based upon the applicable Exchange Rate in effect on the date of payment) and/or in New York, and shall indemnify the Administrative Agent and each
Lender against any losses or reasonable out-of-pocket expenses that it shall sustain as a result of such alternative payment. 

Upon payment by the Company of any sums as provided above, all rights of the Company against any Borrower arising as a result thereof by way
of right of subrogation or otherwise shall in all respects be subordinated and junior in right of payment to the prior indefeasible payment in full of all the Guaranteed Obligations owed by such Borrower to the Administrative Agent and the Lenders.

 Nothing shall discharge or satisfy the liability of the Company hereunder except the full performance and payment of the Guaranteed
Obligations. 
 Notwithstanding anything to the contrary herein, the provisions of this Article X shall apply only to the guarantee
obligations of the Company under this Article X (and each reference in this Article X to “hereunder” shall mean under this Article X). 

Each Loan Party that is a Qualified ECP Guarantor at the time the guaranty, in each case, by any Specified Loan Party becomes effective with
respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Loan Party with respect to such Swap Obligation as may be needed by such
Specified Loan Party from time to time to honor all of its obligations under the Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such
Qualified ECP Guarantor’s obligations and undertakings under this Article voidable under Applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each
Qualified ECP Guarantor under this Section shall remain in full force and effect until the Guaranteed Obligations have been paid and performed in full. Each Loan Party intends this Section to constitute, and this Section shall be deemed to
constitute, a guarantee of the obligations of, and a “keepwell, support or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act. 

ARTICLE XI 
 MISCELLANEOUS

 SECTION 11.01 Notices. 

(a) Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in
subsection (b) below), 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 telecopy, as follows: 

  
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 (i) if to the Company, any US Borrower or the Administrative Agent to the
address, telecopier number, electronic mail address or telephone number specified for such Person on Schedule 11.01); 

(ii) if to a Foreign Obligor, to (a) the Borrowing Agent on its behalf in respect of such notices and communications set
forth in Section 2.20(a), and otherwise (b) the Company, including in respect of service of process pursuant to Section 11.09(d); and 

(iii) if to any Lender, to it at its address (or telecopy number) set forth in its Administrative Questionnaire (including, as
appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in effect for the delivery of notices that may contain material non-public information
relating to the Borrowers). 
 Any party hereto may change its address or telecopy number for notices and other communications hereunder by notice to the
other parties hereto. All notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, in accordance with the provisions of this Agreement shall be deemed to have been given on the date of
receipt; notices and other communications sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the
next Business Day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b). 

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, facsimile number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. 

(b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail, FpML messaging, 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 pursuant to
Article II if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Company may, in its discretion, agree to accept notices
and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. 

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

(c) THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY
OR COMPLETENESS OF 

  
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THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER 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 PARTY IN
CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Borrower, any Lender or any other Person
for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of any Borrower’s or the Administrative Agent’s transmission of Borrower Materials or notices through the Platform, any
other electronic platform or electronic messaging service, or through the Internet. 
 (d) Each of the Borrowers and the Administrative
Agent may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at
all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s
compliance procedures and Applicable Law, including United States Federal and state securities laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform
and that may contain material non-public information with respect to any Borrower or its securities for purposes of United States Federal or state securities laws. 

(e) The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices (including telephonic notices Borrowing
Requests and Interest Election Requests) purportedly given by or on behalf of any Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice
specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Company shall indemnify the Administrative Agent, 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 any 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. 
 SECTION 11.02 No Waiver; Cumulative Remedies;
Enforcement; Waivers and Amendments. (a) No failure or delay by the Administrative Agent or any Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any
single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and
remedies of the Administrative Agent and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any Loan Document or
consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by subsection (b) of this Section, and then such waiver or consent shall be effective only in the specific instance
and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender may have had notice or
knowledge of such Default at the time. Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any
of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance with Article VII for the benefit of
all the Lenders and the 

  
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Administrative Agent; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure
to its benefit (solely in its capacity as the Administrative Agent) hereunder and under the other Loan Documents, (b) any Lender from exercising setoff rights in accordance with Section 11.08 (subject to the terms of
Section 2.18), or (c) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and
provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative
Agent pursuant to Article VII and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.18, any Lender may, with the
consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 
 (b) Neither
this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Company and the Required Lenders or by the Company and the
Administrative Agent with the consent of the Required Lenders or, in the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Administrative Agent and the Loan Party or Loan Parties that are parties
thereto, in each case with the consent of the Required Lenders; provided that no such agreement shall (i) increase any Commitment of any Lender without the written consent of such Lender, (ii) reduce the principal amount of any Loan
or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender adversely affected thereby, provided however, that only the consent of the Required Lenders shall be necessary to
(A) amend the definition of “Default Rate” or to waive any obligation of any Borrower to pay interest or fees in accordance with Section 2.13(e) at the Default Rate or (B) amend any financial covenant
hereunder (or any defined term used therein) even if the effect of such amendment would be to reduce the rate of interest on any Loan or to reduce any fee payable hereunder, (iii) postpone the date of any scheduled payment of the principal
amount of any Loan, or any interest thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender
affected thereby, (iv) amend Section 2.18(b) or 7.02 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender (it being understood that the
addition of new tranches of loans or commitments that may be extended under this Agreement shall not be deemed to alter such pro rata sharing of payments), (v) change any of the provisions of this Section or the definition of “Required
Lenders” or any other provision of any Loan Document specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any rights thereunder or make any determination or grant any consent
thereunder, without the written consent of each Lender (or each Lender of such Class, as the case may be) (except, in each case, to provide for new tranches of loans or commitments that may be extended under this Agreement), (vi) release the Company
from, or limit or condition, its obligations under Article X, without the written consent of each Lender, (vii) change any provisions of Article IX without the written consent of each Lender, (viii) change any provisions of
any Loan Document in a manner that by its terms adversely affects the rights in respect of payments due to Lenders holding Loans of any Class differently than those of Lenders holding Loans of any other Class without the written consent of
the Lenders holding a majority in interest of the outstanding Loans and unused Commitments of each adversely affected Class (the “Class Required Lenders”), (ix) amend Section 1.08 or the
definition of “Designated Foreign Currency” without the written consent of each Lender directly affected thereby, or (x) subordinate, or have the effect of subordinating, the Obligations hereunder in right of payment to any other Debt
or other obligation, without the written consent of each Lender directly affected thereby (it being understood that permitting the incurrence of additional senior secured or unsecured Debt by the Loan Parties does not constitute subordinating or
having the effect of subordinating the Obligations to such Debt); provided further that (A) no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent hereunder or under any other
Loan Document without the prior written consent of the Administrative Agent and (B) any waiver, amendment 

  
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or modification of this Agreement that by its terms affects the rights or duties under this Agreement of (1) the Multicurrency Lenders (but not the Yen Enabled Lenders or the Singapore
Dollar Enabled Lenders), (2) the Yen Enabled Lenders (but not the Multicurrency Lenders or the Singapore Dollar Enabled Lenders) or (3) the Singapore Dollar Enabled Lenders (but not the Multicurrency Lenders or the Yen Enabled Lenders), in each
case may be effected by an agreement or agreements in writing entered into by the Company and the applicable Class Required Lenders. 
 Notwithstanding
anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each
affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender and
(y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting
Lender. 
 Notwithstanding any provision herein to the contrary, this Agreement may be amended with the written consent of the Administrative Agent, the
Company and the Lenders affected thereby to amend the definition of “Designated Foreign Currency” or “Alternative Currency Daily Rate” or “Alternative Currency Term Rate” or Section 1.08 solely
to add additional currency options and the applicable interest rate with respect thereto, in each case solely to the extent permitted pursuant to Section 1.08. 

Notwithstanding anything to the contrary herein, each Lender hereby irrevocably authorizes the Administrative Agent on its behalf, and without further
consent, to enter into amendments or modifications to this Agreement (including amendments to this Section 11.02) or any of the other Loan Documents or to enter into additional Loan Documents as the Administrative Agent
reasonably deems appropriate in order to effectuate the terms of any amendment which extends the Maturity Date for such Lenders that have approved such extension of the Maturity Date for any Tranche with respect to fewer than all of the Lenders.

 Notwithstanding anything to the contrary herein, if following the Effective Date, the Administrative Agent and the Borrowers shall have jointly
identified an inconsistency, error or omission of a technical or immaterial nature, in each case, in any provision of the Loan Documents, then the Administrative Agent and the Loan Parties shall be permitted to amend such provision and such
amendment shall become effective without any further action or consent of any other party to any Loan Documents if the same is not objected to in writing by the Required Lenders within ten (10) Business Days following receipt of notice thereof.
If any Lender does not consent to a proposed amendment, waiver, consent or release with respect to any Loan Document that requires the consent of such Lender and that has been approved by the Required Lenders, the Borrowers may replace such Non-Consenting Lender in accordance with Section 2.19; provided that such amendment, waiver, consent or release can be effected as a result of the assignment contemplated by such
Section (together with all other such assignments required by the Borrowers to be made pursuant to this paragraph). 
 SECTION 11.03
Expenses; Indemnity; Damage Waiver. 
 (a) Costs and Expenses. The Company shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements of a single counsel for the
Administrative Agent and BofA Securities, Inc., up to one local and regulatory counsel in each applicable local jurisdiction in which such local or regulatory counsel is reasonably determined to be necessary by the Administrative Agent and one or
more additional counsel if one or more conflicts of interest, or 

  
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perceived conflicts of interest, arise, in connection with the syndication of the credit facilities provided for herein, the preparation and administration of this Agreement or the other Loan
Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), and (ii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent or any Lender, including the reasonable fees, charges and disbursements of any counsel, for the Administrative
Agent or any Lender, in connection with the enforcement or protection of its rights in connection with any Loan Document, including its rights under this Section, or in connection with the Loans made hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans. Without limiting the provisions of
Section 2.17(c), this Section 11.03(a) shall not apply with respect to Taxes other than any Taxes that represent liabilities, obligations, losses, claims, damages, penalties, actions, judgments,
suits, costs, expenses, advances, or disbursements arising from any non-Tax claim. 
 (b)
Indemnification by the Company. The Company shall indemnify the Administrative Agent and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold
each Indemnitee harmless from, any and all losses, liabilities, reasonable out-of-pocket costs or expenses, including the reasonable fees, charges and disbursements of
any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) any transaction or proposed transaction (whether or not consummated) in which any proceeds of any borrowing
hereunder are applied or proposed to be applied, directly or indirectly, by the Company or any Subsidiary, or (ii) the execution, delivery or performance by the Company and the Subsidiaries of the Loan Documents, or any actions or omissions of
the Company or any Subsidiary in connection therewith (including, without limitation, the Indemnitee’s reliance on any Communication executed using an Electronic Signature, or in the form of an Electronic Record), the performance by the parties
hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and
its Related Parties only, the administration of this Agreement and the other Loan Documents (including in respect of any matters addressed in Section 2.17); provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such losses, liabilities, costs or expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct
of such Indemnitee or (y) result from a claim brought by the Borrowers or any of their Affiliates against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if such Borrower
or such other Affiliate has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the provisions of Section 2.17(c), this
Section 11.03(b) shall not apply with respect to Taxes other than any Taxes that represent liabilities, obligations, losses, claims, damages, penalties, actions, judgments, suits, costs, expenses, advances, or disbursements
arising from any non-Tax claim. 
 (c) Reimbursement by Lenders. To the extent that the
Company fails to pay any amount required to be paid by it to the Administrative Agent under subsection (a) or (b) of this Section and without limiting its obligation to do so, each Lender severally agrees to pay to the
Administrative Agent such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed loss, liability, cost or expense,
as the case may be, was incurred by or asserted against the Administrative Agent in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum (without duplication) of
the total Exposures and unused aggregate Commitments at the time. 

  
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 (d) Waiver of Consequential Damages, Etc. To the extent permitted by Applicable Law,
no Indemnitee nor any Borrower shall assert, and each such party hereby waives, any claim against any Indemnitee or Borrower, as applicable, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct
or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other loan agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or the use of the proceeds thereof; provided
that this sentence shall not limit the Company’s indemnification and reimbursement obligations pursuant to this Section 11.03. No Indemnitee referred to in subsection (b) above shall be liable for any
damages arising from the use by unintended recipients of any information or other materials distributed 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. 
 (e) All amounts due under this Section
shall be payable within 15 Business Days after receipt by the Company of a reasonably detailed invoice therefor. 
 SECTION 11.04
Successors and Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto, each other Indemnitee and their respective successors and assigns permitted hereby, except that no
Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and, (1) in the case of US Borrowers and Swiss Borrowers, each Lender with a Multicurrency
Commitment, (2) in the case of US Borrowers and Japanese Borrowers, each Lender with a Yen Enabled Commitment and (3) in the case of US Borrowers and Singapore Borrowers, each Lender with a Singapore Dollar Enabled Commitment (and, in each
case, any attempted assignment or transfer by any Borrower without such consent shall be null and void), and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the
provisions of subsection (b) of this Section 11.04, (ii) by way of a participation recorded in the Participant Register in accordance with the provisions of subsection (e) of this
Section 11.04, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (g) of this Section 11.04 (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 and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Any Lender may assign to one or more assignees (other than any Ineligible Assignee) all or a portion of its rights and obligations under
this Agreement (including all or a portion of its Commitments and the Loans or other amounts at the time owing to it); provided that (i) except in the case of an assignment to a Lender, an Affiliate of a Lender or any Approved Fund of
any Lender, the Administrative Agent and the Company must give their prior written consent to such assignment (which consent shall not be unreasonably withheld or delayed); provided that the Company 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, (ii) except in the case of an assignment to a Lender, an Affiliate of a Lender
or an Approved Fund of any Lender or an assignment of the entire remaining amount of the assigning Lender’s Commitments and outstanding Loans, the amount of the Commitments and outstanding Loans of the assigning Lender subject to each such
assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent) shall not be less than $10,000,000 unless each of the Company and the Administrative Agent otherwise
consent (which consent shall not be unreasonably withheld or delayed); (iii) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee 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), (iv) the assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire, (v) the 

  
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parties to the assignment shall advise the Company as to whether the assignee is a Qualifying Bank, and if the assignee is not a Qualifying Bank and after giving effect to such assignment there
would be more than ten Lenders that were not Qualifying Banks, the assignment shall not be permitted, (vi) no such assignment shall be made (A) to the Company or any of the Company’s Affiliates or Subsidiaries, or (B) to any
Defaulting Lender or any of its Subsidiaries, or any Person who, 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, (vii) in the case of any such assignment of a Yen Enabled Commitment, such assignee shall be able to provide Yen Enabled Revolving Loans
denominated in Yen and (viii) in the case of any such assignment of a Singapore Dollar Enabled Commitment, such assignee shall be able to provide Singapore Dollar Enabled Revolving Loans denominated in Singapore Dollars; and provided,
further that any consent of the Company otherwise required under this subsection shall not be required if an Event of Default referred to in subsection (a), (f) or (g) of Section 7.01
has occurred and is continuing. Subject to acceptance and recording thereof pursuant to subsection (d) of this Section, from and after the effective date specified in each Assignment and Acceptance the assignee thereunder shall be a
party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such
Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance 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 2.15, 2.16, 2.17 and 11.03); 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. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does
not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with and subject to the requirements of subsection (e) of
this Section. In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the
assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations,
or other compensating actions, including funding, with the consent of the Company and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable
assignee and assignor hereby irrevocably consent), to (w) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon), (x) in the case of
a Defaulting Lender which is a Yen Enabled Lender, acquire (and fund as appropriate) its full pro rata share of all Yen Enabled Revolving Loans in accordance with its Yen Enabled Commitment Percentage, (y) in the case of a Defaulting Lender
which is a Singapore Dollar Enabled Lender, acquire (and fund as appropriate) its full pro rata share of all Singapore Dollar Enabled Revolving Loans in accordance with its Singapore Dollar Enabled Commitment Percentage, and (z) in the case of
a Defaulting Lender which is a Multicurrency Lender, acquire (and fund as appropriate) its full pro rata share of all Multicurrency Revolving Loans in accordance with its Multicurrency Commitment Percentage. Notwithstanding the foregoing, in the
event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under Applicable Law without compliance with the provisions of this 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. 
 (c) The Administrative Agent, acting solely for this
purpose as a non-fiduciary agent of each Borrower (and such agency being solely for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Acceptance delivered to
it (or the equivalent thereof in electronic format) and a register for the recordation of the names and addresses of the Lenders, and the Commitment 

  
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of, and principal amount of (and stated interest on) the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register
shall be conclusive, and the Borrowers, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding
notice to the contrary. The Register shall be available for inspection by the Company and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

(d) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning Lender and an assignee, the assignee’s
completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in subsection (b) of this Section and any written consent to such assignment required by
subsection (b) of this Section, the Administrative Agent shall accept such Assignment and Acceptance and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it
has been recorded in the Register as provided in this subsection. 
 (e) Any Lender may, without the consent of any Borrower or the
Administrative Agent, sell participations to one or more banks or other entities (other than a Defaulting Lender or the Company or any of the Company’s Affiliates or Subsidiaries) (a “Participant”) in all or a portion of such
Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged,
(ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrowers, the Administrative Agent and the other Lenders 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, modification or waiver described in clause (i), (ii), (iii) or (vi) of the first proviso to Section 11.02(b) that affects such Participant. Subject to subsection
(f) of this Section, each Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 to the same extent as if it were a Lender and had acquired its interest by assignment
pursuant to subsection (b) of this Section; provided that such Participant agrees to be subject to the provisions of Section 2.19 as if it were an assignee under clause (b) of this
Section 11.04. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name
and address of each Participant and the principal amounts of (and stated interest on) each Participant’s interest in the 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 to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans or its other obligations
under any Loan Document) except to the extent that such disclosure is necessary to establish that such commitment, loan or other obligation is in registered form under Section 5f.103-1(c) of the United
States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all
purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(f) A Participant shall not be entitled to receive any greater payment under Section 2.15 or 2.17 than the
applicable Lender would have been entitled to receive with respect to the participation sold to such Participant except to the extent such entitlements to receive a greater payment results from a Change in Law that occurs after the Participant
acquired the applicable Participation, unless the sale of the participation to such Participant is made with the Company’s prior written consent. A Participant shall not be entitled to the benefits of Section 2.17
unless the Company is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with Section 2.17(e) and Section 2.17(f) as
though it were a Lender. 

  
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 (g) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or, in the case of a Lender that is an investment fund, to the trustee under the indenture to
which such fund is a party, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations
hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
 (h) (i) No assignment shall be made to any Person
that was an Ineligible Assignee as of the date (the “Trade Date”) on which the applicable Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to such Person
(unless the Company has consented to such assignment as otherwise contemplated by this Section 11.04, in which case such Person will not be considered an Ineligible Assignee for the purpose of such assignment). Any
assignment in violation of this clause (h)(i) shall not be void, but the other provisions of this clause (h) shall apply. 

(ii) If any assignment is made to any Ineligible Assignee without the Company’s prior consent in violation of clause (h)(i) above,
the Company may, at its sole expense and effort, upon notice to the applicable Ineligible Assignee and the Administrative Agent, terminate any Commitment of such Ineligible Assignee and repay all obligations of the Borrowers owing to such Ineligible
Assignee in connection with such Commitment and/or (B) require such Ineligible Assignee to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in this Section 11.04), all
of its interest, rights and obligations under this Agreement and related Loan Documents to an assignee permitted under Section 11.04(b) above that shall assume such obligations at the lesser of (x) the principal amount
thereof and (y) the amount that such Ineligible Assignee paid to acquire such interests, rights and obligations, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder and
other the other Loan Documents; provided that (i) the Company shall have paid to the Administrative Agent the assignment fee (if any) specified in Section 11.04(b) and (ii) such assignment does not conflict
with Applicable Laws. 
 (iii) Notwithstanding anything to the contrary contained in this Agreement, Ineligible Assignees (A) will not
(x) have the right to receive information, reports or other materials provided to Lenders by the Borrowers, the Administrative Agent or any other Lender, (y) attend or participate in meetings attended by the Lenders and the Administrative
Agent, or (z) access any electronic site established for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders and (B) (x) for purposes of any consent to any amendment,
waiver or modification of, or any action under, and for the purpose of any direction to the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) under this Agreement or any other Loan Document, each
Ineligible Assignee will be deemed to have consented in the same proportion as the Lenders that are not Ineligible Assignees consented to such matter, and (y) for purposes of voting on any plan of reorganization or plan of liquidation pursuant
to any Debtor Relief Laws (“Plan of Reorganization”), each Ineligible Assignee party hereto hereby agrees (1) not to vote on such Plan of Reorganization, (2) if such Ineligible Assignee does vote on such Plan of
Reorganization notwithstanding the restriction in the foregoing clause (1), such vote will be deemed not to be in good faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code of the United States (or
any similar provision in any other Debtor Relief Laws), and such vote shall not be counted in determining whether the applicable class has accepted or rejected such Plan of Reorganization in accordance with Section 1126(c) of the Bankruptcy
Code of the United States (or any similar provision in any other Debtor Relief Laws) and (3) not to contest any request by any party for a determination by the Bankruptcy Court (or other applicable court of competent jurisdiction) effectuating
the foregoing clause (2). 

  
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 SECTION 11.05 Survival. All covenants, agreements, representations and warranties
made by the Loan Parties herein or in any other Loan Document or in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other
parties hereto or thereto and shall survive the execution and delivery of this Agreement and any other Loan Document and the making of any Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that
the Administrative Agent or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or
any accrued interest on any Loan or any fee or any other amount payable under this Agreement or any other Loan Document is outstanding and so long as the Commitments have not expired or terminated. The provisions of Sections 2.15,
2.16, 2.17, 11.01(e) and 11.03 and 11.12 (but, in the case of Section 11.12, only for a period of two years following termination of this Agreement) and Article VIII shall survive
and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Commitments or the termination of this Agreement or any other Loan Document
or any provision hereof or thereof. 
 SECTION 11.06 Integration; Effectiveness. This Agreement, the other Loan Documents, and any
separate letter agreements with respect to fees payable to the Administrative Agent, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or
written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall
have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

 SECTION 11.07 Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular
provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 11.07, if and to the extent that the enforceability of any
provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, then such provisions shall be deemed to be in effect only to the extent not so limited. 

SECTION 11.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates is
hereby authorized at any time and from time to time, 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 and in whatever currency denominated) at any time held
and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of any Borrower against any of and all the obligations of such Borrower now or hereafter existing under this Agreement held by such Lender,
irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured; provided, that in the event that any Defaulting Lender shall exercise any such right of setoff,
(a) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.21 and, pending such payment, shall be segregated by such
Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders, and (b) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable
detail the obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may
have. Each Lender agrees to notify the Company and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application. 

  
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 SECTION 11.09 Governing Law; Jurisdiction; Consent to Service of Process.
(a) This Agreement shall be construed in accordance with and governed by the law of the State of New York. 
 (b) Each Borrower hereby
irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New
York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to any Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally
agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such
action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that the Administrative
Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement against any Borrower or its properties in the courts of any jurisdiction. 

(c) Each Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection
which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in subsection (b) of this Section. Each of the
parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in
Section 11.01. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 11.10 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH
PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 11.11 Headings. Article and Section headings and the Table of Contents 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. 

  
 99 

 SECTION 11.12 Confidentiality. The Administrative Agent and each Lender agrees to
maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees, trustees and agents, including accountants, legal counsel and other
advisors, to Approved Funds’ directors and officers and to any direct or indirect contractual counterparty in swap agreements (it being understood that each Person 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 required by any regulatory authority, (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) to the extent required or necessary in the judgment of counsel in connection with any suit, action or proceeding relating to the enforcement of rights of the Administrative Agent or the Lenders
against the Borrowers under this Agreement or any other Loan Document, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee
of or Participant in, any of its rights or obligations under this Agreement or any Additional Commitment Lender invited to be a Lender pursuant to Section 2.22(d) or Augmenting Lender invited to be a Lender pursuant to
Section 2.10(a) or (ii) any actual or prospective counterparty (or its Related Parties) to any swap or derivative transaction relating to the Company and its obligations this Agreement or the payments hereunder,
(g) on a confidential basis to (i) any rating agency in connection with rating the Company or its Subsidiaries or the credit facilities provided hereunder or (ii) the CUSIP Service Bureau or any similar agency in connection with the
issuance and monitoring of CUSIP numbers or other market identifiers with respect to the credit facilities provided hereunder, (h) with the consent of the Company or (i) 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 Company other than as a result of a breach of this Section or other
confidentiality agreement. In addition, the Administrative Agent and the Lenders may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and
service providers to the Administrative Agent and the Lenders in connection with the administration of this Agreement, the other Loan Documents, and the Commitments. For the purposes of this Section, “Information” means all
information received from the Company or any Subsidiary relating to the Company or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential
basis prior to disclosure by the Company or any Subsidiary other than as a result of a breach of this Section of which the Administrative Agent or such Lender is aware. Any Person required to maintain the confidentiality of Information as provided
in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential
information. 
 Each of the Administrative Agent and the Lenders acknowledges that (a) the Information may include material non-public information concerning the Company or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public
information and (c) it will handle such material non-public information in accordance with Applicable Law, including United States Federal and state securities laws. 

SECTION 11.13 Conversion of Currencies. (a) If, for the purpose of obtaining judgment in any court, it is necessary to convert a
sum owing hereunder in one currency into another currency, each party hereto agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures in the
relevant jurisdiction the first currency could be purchased with such other currency on the Business Day immediately preceding the day on which final judgment is given. 

(b) The obligations of each Borrower in respect of any sum due to any party hereto or any holder of the obligations owing hereunder (the
“Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is stated to be due hereunder (the “Agreement Currency”),
be discharged only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, 

  
 100 

 
the Applicable Creditor may in accordance with normal banking procedures in the relevant jurisdiction purchase the Agreement Currency with the Judgment Currency; if the amount of the Agreement
Currency so purchased is less than the sum originally due to the Applicable Creditor in the Agreement Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such
loss. The obligations of the Borrowers contained in this Section 11.13 shall survive the termination of this Agreement and the payment of all other amounts owing hereunder. 

SECTION 11.14 Recovery of Erroneous Payments. Without limitation of any other provision in this Agreement, if at any time the
Administrative Agent makes a payment hereunder in error to any Lender, whether or not in respect of an Obligation due and owing by any Borrower at such time, where such payment is a Rescindable Amount, then in any such event, each Lender receiving a
Rescindable Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Lender in immediately available funds in the currency so received, with interest thereon, for each day from and
including the date such Rescindable Amount is received by it to but excluding the date of payment to the Administrative Agent, 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. Each Lender irrevocably waives any and all defenses, including any “discharge for value” (under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third
party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount. The Administrative Agent shall inform each Lender promptly upon determining that any payment made to such Lender comprised, in
whole or in part, a Rescindable Amount. 
 SECTION 11.15 Acknowledgement Regarding Any Supported QFCs. To the extent that the Loan
Documents provide support, through a guarantee or otherwise, for any swap contract or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported
QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable
notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States): 

(a) In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding
under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing
such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such
interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special
Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such
Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is
understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support. 

  
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 (b) As used in this Section 11.15, the following terms have the
following meanings: 
 “BHC Act Affiliate” of a party means an “affiliate” (as such term is
defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party. 
 “Covered Entity”
means any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance
with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). 

“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12
C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 
 “QFC” has the meaning assigned to the term
“qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 
 SECTION 11.16 USA
PATRIOT Act. Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrowers 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 Borrowers, which information
includes the name and address of each Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify such Borrower in accordance with the Act. Each Borrower shall, promptly following a request by
the Administrative Agent or any Lender, provide all documentation and other information that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and
anti-money laundering rules and regulations, including the Act. 
 SECTION 11.17 Qualifying Bank Representation and Warranty. Each
Multicurrency Lender on the date of this Agreement hereby represents and warrants to the Swiss Borrower that such Lender is a Qualifying Bank. If, at any time prior to the expiration or termination of the Multicurrency Commitments and the repayment
in full of the principal of and interest on each Multicurrency Revolving Committed Loan, any Multicurrency Lender that shall have been a Qualifying Bank at the time it became a party hereto shall cease to be a Qualifying Bank, and at such time there
are more than ten Multicurrency Lenders (including such Lender) that are not Qualifying Banks, then such Multicurrency Lender shall promptly transfer any Multicurrency Commitment and any Multicurrency Revolving Committed Loan to a Qualifying Bank in
accordance with Section 11.04(b). 
 SECTION 11.18 No Advisory or Fiduciary Responsibility. In connection
with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each Borrower acknowledges and agrees, and acknowledges its Affiliates’
understanding, that: (i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent, the Arrangers, and the Lenders are arm’s-length commercial transactions
between each Borrower and its Affiliates, on the one hand, and the Administrative Agent, the Arrangers and the Lenders, on the other hand, (B) each Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it
has deemed appropriate, and (C) each Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative
Agent, each Arranger and each Lender is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for any Borrower or
any of its Affiliates, or any other Person and (B) neither the Administrative Agent, the Arrangers nor any Lender has any obligation to any Borrower or any of its Affiliates with respect to the transactions contemplated hereby except those
obligations expressly set forth herein and in the other Loan 

  
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Documents; and (iii) the Administrative Agent, the Arrangers and the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that
differ from those of the Borrowers and their respective Affiliates, and neither the Administrative Agent, the Arrangers, nor any Lender has any obligation to disclose any of such interests to any Borrower or its Affiliates. To the fullest extent
permitted by law, each Borrower hereby waives and releases any claims that it may have against the Administrative Agent, the Arrangers or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any
aspect of any transaction contemplated hereby. 
 SECTION 11.19 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
Company. 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. 
 SECTION 11.20 Electronic Execution; Electronic Records; Counterparts. This
Agreement, any Loan Document and any other Communication, including Communications required to be in writing, may be in the form of an Electronic Record and may be executed using Electronic Signatures. Each Borrower and each of the Administrative
Agent and each Lender agrees that any Electronic Signature on or associated with any Communication shall be valid and binding on such Person to the same extent as a manual, original signature, and that any Communication entered into by Electronic
Signature, will constitute the legal, valid and binding obligation of such Person enforceable against such Person in accordance with the terms thereof to the same extent as if a manually executed original signature was delivered. Any
Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Communication. For the avoidance of doubt, the authorization
under this subsection may include, without limitation, use or acceptance of a manually signed paper Communication which has been converted into electronic form (such as scanned into .pdf format), or an electronically signed Communication converted
into another format, for transmission, delivery and/or retention. The Administrative Agent and each of the Lenders may, at its option, create one or more copies of any Communication in the form of an imaged Electronic Record (“Electronic
Copy”), which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document. All Communications in the form of an Electronic Record, including an Electronic Copy, shall be
considered an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record. Notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to accept an
Electronic Signature in any form or in any format unless expressly agreed to by such Person pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the Administrative Agent has
agreed to accept such Electronic Signature, the Administrative Agent and each of the Lenders shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of any Borrower and/or any Lender without further verification
and (b) upon the request of the Administrative Agent or any Lender, any Electronic Signature shall be promptly followed by such manually executed counterpart. For purposes hereof, “Electronic Record” and
“Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time. 

  
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 The Administrative Agent shall not be responsible for or have any duty to ascertain or
inquire into the sufficiency, validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document (including, for the avoidance of doubt, in connection with the Administrative Agent’s
reliance on any Electronic Signature transmitted by telecopy, emailed .pdf or any other electronic means). The Administrative Agent shall be entitled to rely on, and shall incur no liability under or in respect of this Agreement or any other Loan
Document by acting upon, any Communication (which writing may be a fax, any electronic message, Internet or intranet website posting or other distribution or signed using an Electronic Signature) or any statement made to it orally or by telephone
and believed by it to be genuine and signed or sent or otherwise authenticated (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the maker thereof). 

Each Borrower and each Lender hereby waives (i) any argument, defense or right to contest the legal effect, validity or enforceability of
this Agreement and any other Loan Document based solely on the lack of paper original copies of this Agreement and/or such other Loan Document, and (ii) any claim against the Administrative Agent, each Lender and each Related Party for any
liabilities arising solely from the Administrative Agent’s and/or any Lender’s reliance on or use of Electronic Signatures, including any liabilities arising as a result of the failure of any Borrower to use any available security measures
in connection with the execution, delivery or transmission of any Electronic Signature. 
 SECTION 11.21 Acknowledgment and Consent to Bail-In of Affected Financial Institutions. Solely to the extent any Lender that is an Affected Financial Institution is a party to this Agreement and 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 Lender that is an Affected Financial Institution arising under any Loan Document, to the extent such
liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable 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 the applicable Resolution Authority to any such liabilities
arising hereunder which may be payable to it by any Lender that is an Affected 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 Affected Financial Institution, its parent undertaking, 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
the applicable Resolution Authority. 
 SECTION 11.22 Lender ERISA Status. 

(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 and the Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or
for the benefit of the Borrowers or any other Loan Party, that at least one of the following is and will be true: 

  
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 (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 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 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 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, bankers’
acceptances, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, 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 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 either (1) subclause (i) in the immediately preceding subsection
(a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with subclause (iv) in the immediately preceding subsection (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 and not, for the avoidance of doubt, to or for the benefit of the Borrowers or any other Loan Party, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such
Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement (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 hereto or thereto). 
 SECTION 11.23 Personal Data Protection Act. 

(a) If any Borrower provides any Singapore Bank with personal data of any individual as required to be provided to such Singapore Bank by or
pursuant to the Loan Documents, that Borrower represents and warrants to that Singapore Bank that it has, to the extent required by law (i) notified the relevant individual of the purposes for which data will be collected, processed, used or
disclosed; and (ii) obtained such individual’s consent for, and hereby consents on behalf of such individual to, the collection, processing, use and disclosure of his/her personal data by that Singapore Bank, in each case, in accordance
with the Loan Documents. 
 (b) Each Borrower agrees and undertakes to notify any Singapore Bank promptly upon it becoming aware of the
withdrawal by the relevant individual of his/her consent to the collection, processing, use and/or disclosure by that Singapore Bank of any personal data provided by that Borrower to that Singapore Bank. 

  
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 (c) Any consent given pursuant to this agreement in relation to personal data shall, subject
to all Applicable Laws and regulations, survive death, incapacity, bankruptcy or insolvency of any such individual and the termination or expiration of this Agreement. 

SECTION 11.24 Waiver of Breach of Funding Payments under Existing Credit Agreement. Each Lender that on the Effective Date is a Lender
under, and as defined in, the Existing Credit Agreement hereby waives any requirement for any Borrower to pay breakage costs as may be required under Section 2.16 of the Existing Credit Agreement in connection with
repayment of the Eurocurrency Loans (as defined in the Existing Credit Agreement) under the Existing Credit Agreement on the date hereof in compliance with Section 4.01(f). 

[Signature Pages Follow] 
  

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

			
	EDWARDS LIFESCIENCES CORPORATION
		
	By:	 	 /s/ Mark Wilterding

		 	Name: Mark Wilterding
		 	Title: Treasurer
	
	EDWARDS LIFESCIENCES WORLD TRADE CORPORATION
		
	By:	 	 /s/ Mark Wilterding

		 	Name: Mark Wilterding
		 	Title: Treasurer
	
	EDWARDS LIFESCIENCES LLC
		
	By:	 	 /s/ Mark Wilterding

		 	Name: Mark Wilterding
		 	Title: Treasurer
	
	EDWARDS LIFESCIENCES (U.S.) INC.
		
	By:	 	 /s/ Mark Wilterding

		 	Name: Mark Wilterding
		 	Title: Treasurer
	
	EDWARDS LIFESCIENCES HOLDING, INC.
		
	By:	 	 /s/ Mark Wilterding

		 	Name: Mark Wilterding
		 	Title: Treasurer

			
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	 /s/ Priscilla Ruffin

		 	 Name: Priscilla Ruffin

		 	 Title: AVP

			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Alexandra Korchmar

		 	 Name: Alexandra Korchmar

		 	 Title: Vice President

			
	JPMORGAN CHASE BANK, N.A., as a Lender
		
	By:	 	 /s/ James Kyle O’Donnell

		 	 Name: James Kyle O’Donnell

		 	 Title: Vice President

							
	DEUTSCHE BANK AG NEW YORK BRANCH, 
	 as a Lender

		
	By:	 	 /s/ Ming K Chu

		 	Name:	 	Ming K Chu	 	
		 	Title:	 	Director	 	
		
	By:	 	 /s/ Annie Chung

		 	Name:	 	Annie Chung	 	
		 	Title:	 	Director	 	

			
	HSBC BANK USA, NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Eric Seltenrich

		 	Name: Eric Seltenrich
		 	Title: Managing Director

			
	MORGAN STANLEY BANK, N.A., 
	as a Lender
		
	By:	 	 /s/ Michael King

		 	Name: Michael King
		 	Title: Authorized Signatory

			
	MUFG BANK, LTD., 
	as a Lender
		
	By:	 	 /s/ Jack Lonker

		 	Name: Jack Lonker
		 	Title: Authorized Signatory

			
	U.S. BANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ Tom Priedeman

		 	Name: Tom Priedeman
		 	Title: Senior Vice President

			
	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/ Kevin Ciok

		 	Name: Kevin Ciok
		 	Title: Vice President

			
	PNC BANK, NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Thomas Lowrey

		 	Name: Thomas Lowrey
		 	Title: SVP

 SCHEDULE 2.01 

LENDERS AND COMMITMENTS 
  

																									
	 Lender
	 	Multicurrency
Commitment	 	 	Multicurrency
Commitment
Percentage	 	 	Yen Enabled
Commitment	 	 	Yen Enabled
Commitment
Percentage	 	 	Singapore Dollar
Enabled
Commitment	 	 	Singapore Dollar
Enabled
Commitment
Percentage	 
	 Bank of America, N.A.
	 	$	 67,500,000.00	 	 	 	12.857142857	% 	 	$	 30,000,000.00	 	 	 	24.000000000	% 	 	$	 27,500,000.00	 	 	 	27.500000000	% 
	 JPMorgan Chase Bank, N.A.
	 	$	 67,500,000.00	 	 	 	12.857142857	% 	 	$	 30,000,000.00	 	 	 	24.000000000	% 	 	$	 27,500,000.00	 	 	 	27.500000000	% 
	 Deutsche Bank AG New York Branch
	 	$	 66,250,000.00	 	 	 	12.619047619	% 	 	$	 18,750,000.00	 	 	 	15.000000000	% 	 	$	 15,000,000.00	 	 	 	15.000000000	% 
	 HSBC Bank USA, National Association
	 	$	 81,250,000.00	 	 	 	15.476190476	% 	 	$	 18,750,000.00	 	 	 	15.000000000	% 	 	$	 0.00	 	 	 	0.000000000	% 
	 Morgan Stanley Bank, N.A.
	 	$	 50,000,000.00	 	 	 	9.523809524	% 	 	$	 0.00	 	 	 	0.000000000	% 	 	$	 0.00	 	 	 	0.000000000	% 
	 MUFG Bank, Ltd.
	 	$	 37,500,000.00	 	 	 	7.142857143	% 	 	$	 12,500,000.00	 	 	 	10.000000000	% 	 	$	 0.00	 	 	 	0.000000000	% 
	 U.S. Bank National Association
	 	$	100,000,000.00	 	 	 	19.047619048	% 	 	$	 0.00	 	 	 	0.000000000	% 	 	$	 0.00	 	 	 	0.000000000	% 
	 Citibank, N.A.
	 	$	 20,000,000.00	 	 	 	3.809523810	% 	 	$	 15,000,000.00	 	 	 	12.000000000	% 	 	$	 15,000,000.00	 	 	 	15.000000000	% 
	 PNC Bank, National Association
	 	$	 35,000,000.00	 	 	 	6.666666667	% 	 	$	 0.00	 	 	 	0.000000000	% 	 	$	 15,000,000.00	 	 	 	15.000000000	% 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total:
	 	$	525,000,000.00	 	 	 	100.000000000	% 	 	$	125,000,000.00	 	 	 	100.000000000	% 	 	$	100,000,000.00	 	 	 	100.000000000	%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}]]