Document:

Form of Indenture

 Exhibit 4.3 

 
 FORM OF 

CORCEPT THERAPEUTICS INCORPORATED 
  

 
 INDENTURE

 Dated as of
                     
  

 
 [Name of
Trustee] 
 Trustee 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	 	  	Page
	 ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE
	  	1
		  	Section 1.1.	  	 Definitions
	  	1
		  	Section 1.2.	  	 Other Definitions.
	  	4
		  	Section 1.3.	  	 Incorporation by Reference of Trust Indenture Act
	  	4
		  	Section 1.4.	  	 Rules of Construction
	  	5
		
	 ARTICLE II. THE SECURITIES
	  	5
				
		  	Section 2.1.	  	 Issuable in Series
	  	5
		  	Section 2.2.	  	 Establishment of Terms of Series of Securities
	  	5
		  	Section 2.3.	  	 Execution and Authentication
	  	7
		  	Section 2.4.	  	 Registrar and Paying Agent
	  	8
		  	Section 2.5.	  	 Paying Agent to Hold Money in Trust
	  	8
		  	Section 2.6.	  	 Securityholder Lists
	  	8
		  	Section 2.7.	  	 Transfer and Exchange
	  	9
		  	Section 2.8.	  	 Mutilated, Destroyed, Lost and Stolen Securities
	  	9
		  	Section 2.9.	  	 Outstanding Securities
	  	9
		  	Section 2.10.	  	 Treasury Securities
	  	10
		  	Section 2.11.	  	 Temporary Securities
	  	10
		  	Section 2.12.	  	 Cancellation
	  	10
		  	Section 2.13.	  	 Defaulted Interest
	  	10
		  	Section 2.14.	  	 Global Securities
	  	11
		  	Section 2.15.	  	 CUSIP Numbers
	  	12
		
	 ARTICLE III. REDEMPTION
	  	12
				
		  	Section 3.1.	  	 Notice to Trustee
	  	12
		  	Section 3.2.	  	 Selection of Securities to be Redeemed
	  	12
		  	Section 3.3.	  	 Notice of Redemption
	  	12
		  	Section 3.4.	  	 Effect of Notice of Redemption
	  	13
		  	Section 3.5.	  	 Deposit of Redemption Price
	  	13
		  	Section 3.6.	  	 Securities Redeemed in Part
	  	13
		
	 ARTICLE IV. COVENANTS
	  	13
				
		  	Section 4.1.	  	 Payment of Principal and Interest
	  	13
		  	Section 4.2.	  	 SEC Reports
	  	13
		  	Section 4.3.	  	 Compliance Certificate
	  	13
		  	Section 4.4.	  	 Stay, Extension and Usury Laws
	  	14
		  	Section 4.5.	  	 Corporate Existence
	  	14
		  	Section 4.6.	  	 Taxes
	  	14
		
	 ARTICLE V. SUCCESSORS
	  	14
				
		  	Section 5.1.	  	 When Company May Merge, Etc
	  	14
		  	Section 5.2.	  	 Successor Corporation Substituted
	  	14
		
	 ARTICLE VI. DEFAULTS AND REMEDIES
	  	15

  

 i 

							
		  	Section 6.1.	  	Events of Default	  	15
		  	Section 6.2.	  	 Acceleration of Maturity; Rescission and Annulment
	  	16
		  	Section 6.3.	  	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	17
		  	Section 6.4.	  	 Trustee May File Proofs of Claim
	  	17
		  	Section 6.5.	  	 Trustee May Enforce Claims Without Possession of Securities
	  	18
		  	Section 6.6.	  	 Application of Money Collected
	  	18
		  	Section 6.7.	  	 Limitation on Suits
	  	18
		  	Section 6.8.	  	 Unconditional Right of Holders to Receive Principal and Interest
	  	19
		  	Section 6.9.	  	 Restoration of Rights and Remedies
	  	19
		  	Section 6.10.	  	 Rights and Remedies Cumulative
	  	19
		  	Section 6.11.	  	 Delay or Omission Not Waiver
	  	19
		  	Section 6.12.	  	 Control by Holders
	  	19
		  	Section 6.13.	  	 Waiver of Past Defaults
	  	20
		  	Section 6.14.	  	 Undertaking for Costs
	  	20
		
	 ARTICLE VII. TRUSTEE
	  	20
				
		  	Section 7.1.	  	 Duties of Trustee
	  	20
		  	Section 7.2.	  	 Rights of Trustee
	  	21
		  	Section 7.3.	  	 Individual Rights of Trustee
	  	22
		  	Section 7.4.	  	 Trustee’s Disclaimer
	  	22
		  	Section 7.5.	  	 Notice of Defaults
	  	22
		  	Section 7.6.	  	 Reports by Trustee to Holders
	  	22
		  	Section 7.7.	  	 Compensation and Indemnity
	  	22
		  	Section 7.8.	  	 Replacement of Trustee
	  	23
		  	Section 7.9.	  	 Successor Trustee by Merger, etc
	  	24
		  	Section 7.10.	  	 Eligibility; Disqualification
	  	24
		  	Section 7.11.	  	 Preferential Collection of Claims Against Company
	  	24
		
	 ARTICLE VIII. SATISFACTION AND DISCHARGE; DEFEASANCE
	  	24
				
		  	Section 8.1.	  	 Satisfaction and Discharge of Indenture
	  	24
		  	Section 8.2.	  	 Application of Trust Funds; Indemnification
	  	25
		  	Section 8.3.	  	 Legal Defeasance of Securities of any Series
	  	25
		  	Section 8.4.	  	 Covenant Defeasance
	  	26
		  	Section 8.5.	  	 Repayment to Company
	  	27
		  	Section 8.6.	  	 Reinstatement
	  	27
		
	 ARTICLE IX. AMENDMENTS AND WAIVERS
	  	28
				
		  	Section 9.1.	  	 Without Consent of Holders
	  	28
		  	Section 9.2.	  	 With Consent of Holders
	  	29
		  	Section 9.3.	  	 Limitations
	  	29
		  	Section 9.4.	  	 Compliance with Trust Indenture Act
	  	30
		  	Section 9.5.	  	 Revocation and Effect of Consents
	  	30
		  	Section 9.6.	  	 Notation on or Exchange of Securities
	  	30
		  	Section 9.7.	  	 Trustee Protected
	  	30
		
	 ARTICLE X. MISCELLANEOUS
	  	30
				
		  	Section 10.1.	  	 Trust Indenture Act Controls
	  	30
		  	Section 10.2.	  	 Notices
	  	30
		  	Section 10.3.	  	 Communication by Holders with Other Holders
	  	31
		  	Section 10.4.	  	 Certificate and Opinion as to Conditions Precedent
	  	31
		  	Section 10.5.	  	 Statements Required in Certificate or Opinion
	  	31
		  	Section 10.6.	  	 Rules by Trustee and Agents
	  	32

  

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		  	Section 10.7.	  	Legal Holidays	  	32
		  	Section 10.8.	  	 No Recourse Against Others
	  	32
		  	Section 10.9.	  	 Counterparts
	  	32
		  	Section 10.10.	  	 Governing Laws
	  	32
		  	Section 10.11.	  	 No Adverse Interpretation of Other Agreements
	  	32
		  	Section 10.12.	  	 Successors
	  	32
		  	Section 10.13.	  	 Severability
	  	32
		  	Section 10.14.	  	 Table of Contents, Headings, Etc
	  	33
		  	Section 10.15.	  	 Securities in a Foreign Currency or in ECU
	  	33
		  	Section 10.16.	  	 Judgment Currency
	  	33
		
	 ARTICLE XI. SINKING FUNDS
	  	34
				
		  	Section 11.1.	  	 Applicability of Article
	  	34
		  	Section 11.2.	  	 Satisfaction of Sinking Fund Payments with Securities
	  	34
		  	Section 11.3.	  	 Redemption of Securities for Sinking Fund
	  	34

  

 iii 

 CORCEPT THERAPEUTICS INCORPORATED 

Reconciliation and tie between Trust Indenture Act of 1939 and 

Indenture, dated as of              

 

					
	Section 310(a)(1)	  	 	  	7.10
	(a)(2)	  		  	7.10
	(a)(3)	  		  	Not Applicable
	(a)(4)	  		  	Not Applicable
	(a)(5)	  		  	7.10
	(b)	  		  	7.10
	Section 311(a)	  		  	7.11
	(b)	  		  	7.11
	(c)	  		  	Not Applicable
	Section 312(a)	  		  	2.6
	(b)	  		  	10.3
	(c)	  		  	10.3
	Section 313(a)	  		  	7.6
	(b)(1)	  		  	7.6
	(b)(2)	  		  	7.6
	(c)(1)	  		  	7.6
	(d)	  		  	7.6
	Section 314(a)	  		  	4.2, 10.5
	(b)	  		  	Not Applicable
	(c)(1)	  		  	10.4
	(c)(2)	  		  	10.4
	(c)(3)	  		  	Not Applicable
	(d)	  		  	Not Applicable
	(e)	  		  	10.5
	(f)	  		  	Not Applicable
	Section 315(a)	  		  	7.1
	(b)	  		  	7.5
	(c)	  		  	7.1
	(d)	  		  	7.1
	(e)	  		  	6.14
	Section 316(a)	  		  	2.10
	(a)(1)(A)	  		  	6.12
	(a)(1)(B)	  		  	6.13
	(b)	  		  	6.8
	Section 317(a)(1)	  		  	6.3
	(a)(2)	  		  	6.4
	(b)	  		  	2.5
	Section 318(a)	  		  	10.1

  

Note: This reconciliation and tie shall not, for any purpose, be deemed to be part of the Indenture. 

 

 iv 

 Indenture dated as of
                     between Corcept Therapeutics Incorporated, a Delaware corporation (“Company”), and [Name of Trustee], a
                     (“Trustee”). 

Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities
issued under this Indenture. 
 ARTICLE I. 

DEFINITIONS AND INCORPORATION BY REFERENCE 
  

	Section 1.1.	Definitions. 

“Additional Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified
herein or therein, to be paid by the Company in respect of certain taxes imposed on Holders specified therein and which are owing to such Holders. 

“Affiliate” of any specified person means any other person directly or indirectly controlling or controlled by or under direct
or indirect common control with such specified person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as used with
respect to any person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such person, whether through the ownership of voting securities or by agreement or otherwise.

 “Agent” means any Registrar, Paying Agent, Service Agent, or authenticating agent. 

“Authorized Newspaper” means a newspaper in an official language of the country of publication customarily published at least
once a day for at least five days in each calendar week and of general circulation in the place in connection with which the term is used. If it shall be impractical in the opinion of the Trustee to make any publication of any notice required hereby
in an Authorized Newspaper, any publication or other notice in lieu thereof that is made or given by the Trustee shall constitute a sufficient publication of such notice. 

“Bearer” means anyone in possession from time to time of a Bearer Security. 

“Bearer Security” means any Security, including any interest coupon appertaining thereto, that does not provide for the
identification of the Holder thereof. 
 “Board of Directors” means the Board of Directors of the Company or any duly
authorized committee thereof. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an
Assistant Secretary of the Company to have been adopted by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate and delivered to the Trustee. 

“Business Day” means, unless otherwise provided by Board Resolution, Officers’ Certificate or supplemental indenture
hereto for a particular Series, any day except a Saturday, Sunday or a legal holiday in The City of New York or the City of San Francisco, California on which banking institutions are authorized or required by law, regulation or executive order to
close. 
 “Company” means the party named as such above until a successor replaces it and thereafter means the
successor. 
 “Company Order” means a written order signed in the name of the Company by two Officers, one of whom
must be the Company’s principal executive officer, principal financial officer or principal accounting officer. 
  

 1 

 “Company Request” means a written request signed in the name of the Company by
its Chairman of the Board, a President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to the Trustee. 

“Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust business shall be
principally administered. 
 “Debt” of any person as of any date means, without duplication, all indebtedness of such
person in respect of borrowed money, including all interest, fees and expenses owed in respect thereto (whether or not the recourse of the lender is to the whole of the assets of such person or only to a portion thereof), or evidenced by bonds,
notes, debentures or similar instruments. 
 “Default” means any event which is, or after notice or passage of time
would be, an Event of Default. 
 “Depository” means, with respect to the Securities of any Series issuable or issued
in whole or in part in the form of one or more Global Securities, the person designated as Depository for such Series by the Company, which Depository shall be a clearing agency registered under the Exchange Act; and if at any time there is more
than one such person, “Depository” as used with respect to the Securities of any Series shall mean the Depository with respect to the Securities of such Series. 

“Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be due and
payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2. 
 “Dollars” means the
currency of The United States of America. 
 “ECU” means the European Currency Unit as determined by the Commission
of the European Union. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Foreign Currency” means any currency or currency unit issued by a government other than the government of The United States
of America. 
 “Foreign Government Obligations” means with respect to Securities of any Series that are denominated
in a Foreign Currency, (i) direct obligations of the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged or (ii) obligations of a person controlled or
supervised by or acting as an agency or instrumentality of such government the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by such government, which, in either case under clauses (i) or (ii), are
not callable or redeemable at the option of the issuer thereof. 
 “Global Security” or “Global Securities”
means a Security or Securities, as the case may be, in the form established pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depository for such Series or its nominee, and registered in the name of such
Depository or nominee. 
 “Holder” or “Securityholder” means a person in whose name a Security is
registered or the holder of a Bearer Security. 
 “Indenture” means this Indenture as amended from time to time and
shall include the form and terms of particular Series of Securities established as contemplated hereunder. 

“interest” with respect to any Discount Security which by its terms bears interest only after Maturity, means interest payable
after Maturity. 
  

 2 

 “Maturity,” when used with respect to any Security or installment of principal
thereof, means the date on which the principal of such Security or such installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption, notice of
option to elect repayment or otherwise. 
 “Officer” means any executive officer of the Company. 

“Officers’ Certificate” means a certificate signed by two Officers, one of whom must be the Company’s principal
executive officer, principal financial officer or principal accounting officer. 
 “Opinion of Counsel” means a
written opinion of legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to the Company. 

“person” means any individual, corporation, partnership, joint venture, association, limited liability company, joint-stock
company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“principal” of a Security means the principal of the Security plus, when appropriate, the premium, if any, on, and any
Additional Amounts in respect of, the Security. 
 “Responsible Officer” means any officer of the Trustee with direct
responsibility for the administration of the indenture and also means, with respect to a particular corporate trust matter, any other officer to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with a
particular subject. 
 “SEC” means the Securities and Exchange Commission. 

“Securities” means the debentures, notes or other debt instruments of the Company of any Series authenticated and delivered
under this Indenture. 
 “Series” or “Series of Securities” means each series of debentures, notes or other
debt instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof. 
 “Significant Subsidiary” means
(i) any direct or indirect Subsidiary of the Company that would be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act of 1933, as amended, as such regulation is
in effect on the date hereof, or (ii) any group of direct or indirect Subsidiaries of the Company that, taken together as a group, would be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated
pursuant to the Securities Act of 1933, as amended, as such regulation is in effect on the date hereof. 
 “Stated
Maturity” when used with respect to any Security or any installment of principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal
or interest is due and payable. 
 “Subsidiary” of any specified person means any corporation of which at least a
majority of the outstanding stock having by the terms thereof ordinary voting power for the election of directors of such corporation (irrespective of whether or not at the time stock of any other class or classes of such corporation shall have or
might have voting power by reason of the happening of any contingency) is at the time directly or indirectly owned by such person, or by one or more other Subsidiaries, or by such person and one or more other Subsidiaries. 

“TIA” means the Trust Indenture Act of 1939 (15 U.S. Code Sections 77aaa-77bbbb) as in effect on the date of this Indenture;
provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent required by any such amendment, the Trust Indenture Act as so amended. 

 

 3 

 “Trustee” means the person named as the “Trustee” in the first
paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each person who is then a Trustee hereunder, and if at
any time there is more than one such person, “Trustee” as used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series. 

“U.S. Government Obligations” means securities which are (i) direct obligations of The United States of America for the
payment of which its full faith and credit is pledged or (ii) obligations of a person controlled or supervised by and acting as an agency or instrumentality of The United States of America the payment of which is unconditionally guaranteed as a
full faith and credit obligation by The United States of America, and which in the case of (i) and (ii) are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank or
trust company as custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depository receipt,
provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligation
evidenced by such depository receipt. 
  

	Section 1.2.	Other Definitions. 

  

			
	 TERM
	  	DEFINED IN
SECTION
	 “Bankruptcy Law”
	  	6.1
	 “Custodian”
	  	6.1
	 “Event of Default”
	  	6.1
	 “Journal”
	  	10.15
	 “Judgment Currency”
	  	10.16
	 “Legal Holiday”
	  	10.7
	 “mandatory sinking fund payment”
	  	11.1
	 “Market Exchange Rate”
	  	10.15
	 “New York Banking Day”
	  	10.16
	 “optional sinking fund payment”
	  	11.1
	 “Paying Agent”
	  	2.4
	 “Registrar”
	  	2.4
	 “Required Currency”
	  	10.16
	 “Service Agent”
	  	2.4
	 “successor person”
	  	5.1

  

	Section 1.3.	Incorporation by Reference of Trust Indenture Act. 

Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this
Indenture. The following TIA terms used in this Indenture have the following meanings: 
 “Commission” means the SEC.

 “indenture securities” means the Securities. 

“indenture security holder” means a Securityholder. 

“indenture to be qualified” means this Indenture. 

“indenture trustee” or “institutional trustee” means the Trustee. 

 

 4 

 “obligor” on the indenture securities means the Company and any successor obligor
upon the Securities. 
 All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another
statute or defined by SEC rule under the TIA and not otherwise defined herein are used herein as so defined. 
  

	Section 1.4.	Rules of Construction. 

Unless the context otherwise requires: 

(a) a term has the meaning assigned to it; 

(b) an accounting term not otherwise defined has the meaning assigned to it in accordance with generally accepted
accounting principles; 
 (c) references to “generally accepted accounting principles” shall mean
generally accepted accounting principles in effect as of the time when and for the period as to which such accounting principles are to be applied; 

(d) “or” is not exclusive; 

(e) words in the singular include the plural, and in the plural include the singular; and 

(f) provisions apply to successive events and transactions. 

ARTICLE II. 
 THE
SECURITIES 
  

	Section 2.1.	Issuable in Series 

 The
aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more Series. All Securities of a Series shall be identical except as may be set forth in a
Board Resolution, a supplemental indenture or an Officers’ Certificate detailing the adoption of the terms thereof pursuant to the authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time,
the Board Resolution, Officers’ Certificate or supplemental indenture may provide for the method by which specified terms (such as interest rate, maturity date, record date or date from which interest shall accrue) are to be determined.
Securities may differ between Series in respect of any matters, provided that all Series of Securities shall be equally and ratably entitled to the benefits of the Indenture. 

 

	Section 2.2.	Establishment of Terms of Series of Securities. 

At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the
case of Subsection 2.2.1 and either as to such Securities within the Series or as to the Series generally in the case of Subsections 2.2.2 through 2.2.21) by a Board Resolution, a supplemental indenture or an Officers’ Certificate pursuant to
authority granted under a Board Resolution: 
 2.2.1 the title of the Series (which shall distinguish the Securities of that
particular Series from the Securities of any other Series); 
 2.2.2 the price or prices (expressed as a percentage of the
principal amount thereof) at which the Securities of the Series will be issued; 
 2.2.3 any limit upon the aggregate principal
amount of the Securities of the Series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon 

 

 5 

 
registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.7, 2.8, 2.11, 3.6 or 9.6); 

2.2.4 the date or dates on which the principal of the Securities of the Series is payable; 

2.2.5 the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine such rate or rates
(including, but not limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date or
dates on which such interest, if any, shall commence and be payable and any regular record date for the interest payable on any interest payment date; 

2.2.6 the place or places where the principal of and interest, if any, on the Securities of the Series shall be payable, or the method
of such payment, if by wire transfer, mail or other means; 
 2.2.7 if applicable, the period or periods within which, the
price or prices at which and the terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 

2.2.8 the obligation, if any, of the Company to redeem or purchase the Securities of the Series pursuant to any sinking fund or
analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the Series shall be redeemed or purchased, in whole or in part,
pursuant to such obligation; 
 2.2.9 the dates, if any, on which and the price or prices at which the Securities of the Series
will be repurchased by the Company at the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 

2.2.10 if other than denominations of $1,000 and any integral multiple thereof, the denominations in which the Securities of the Series
shall be issuable; 
 2.2.11 the forms of the Securities of the Series in bearer or fully registered form (and, if in fully
registered form, whether the Securities will be issuable as Global Securities); 
 2.2.12 if other than the principal amount
thereof, the portion of the principal amount of the Securities of the Series that shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2; 

2.2.13 the currency of denomination of the Securities of the Series, which may be Dollars or any Foreign Currency, including, but not
limited to, the ECU, and if such currency of denomination is a composite currency other than the ECU, the agency or organization, if any, responsible for overseeing such composite currency; 

2.2.14 the designation of the currency, currencies or currency units in which payment of the principal of and interest, if any, on the
Securities of the Series will be made; 
 2.2.15 if payments of principal of or interest, if any, on the Securities of the
Series are to be made in one or more currencies or currency units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments will be determined; 

2.2.16 the manner in which the amounts of payment of principal of or interest, if any, on the Securities of the Series will be
determined, if such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index; 

2.2.17 the provisions, if any, relating to any security provided for the Securities of the Series; 

 

 6 

 2.2.18 any addition to or change in the Events of Default which applies to any Securities
of the Series and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.2; 

2.2.19 any addition to or change in the covenants set forth in Articles IV or V which applies to Securities of the Series; 

2.2.20 any other terms of the Securities of the Series (which terms shall not be inconsistent with the provisions of this Indenture,
except as permitted by Section 9.1, but which may modify or delete any provision of this Indenture insofar as it applies to such Series); and 

2.2.21 any depositories, interest rate calculation agents, exchange rate calculation agents or other agents with respect to Securities
of such Series if other than those appointed herein. 
 All Securities of any one Series need not be issued at the same time
and may be issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture or Officers’ Certificate referred to above, and the authorized principal amount of
any Series may not be increased to provide for issuances of additional Securities of such Series, unless otherwise provided in such Board Resolution, supplemental indenture or Officers’ Certificate. 

 

	Section 2.3.	Execution and Authentication. 

Two Officers shall sign the Securities for the Company by manual or facsimile signature. 

If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall
nevertheless be valid. 
 A Security shall not be valid until authenticated by the manual signature of the Trustee or an
authenticating agent. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 

The Trustee shall at any time, and from time to time, authenticate Securities for original issue in the principal amount provided in the
Board Resolution, supplemental indenture hereto or Officers’ Certificate, upon receipt by the Trustee of a Company Order. Such Company Order may authorize authentication and delivery pursuant to oral or electronic instructions from the Company
or its duly authorized agent or agents, which oral instructions shall be promptly confirmed in writing. Each Security shall be dated the date of its authentication unless otherwise provided by a Board Resolution, a supplemental indenture hereto or
an Officers’ Certificate. 
 The aggregate principal amount of Securities of any Series outstanding at any time may not
exceed any limit upon the maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture hereto or Officers’ Certificate delivered pursuant to Section 2.2, except as provided in Section 2.8.

 Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.2) shall
be fully protected in relying on: (a) the Board Resolution, supplemental indenture hereto or Officers’ Certificate establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities
of that Series or of Securities within that Series, (b) an Officers’ Certificate complying with Section 10.4, and (c) an Opinion of Counsel complying with Section 10.4. 

The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being
advised by counsel, determines that such action may not lawfully be taken; or (b) if the Trustee in good faith by its board of directors or trustees, executive committee or a trust committee of directors and/or vice-presidents shall determine
that such action would expose the Trustee to personal liability to Holders of any then outstanding Series of Securities. 
  

 7 

 The Trustee may appoint an authenticating agent acceptable to the Company to authenticate
Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as
an Agent to deal with the Company or an Affiliate. 
  

	Section 2.4.	Registrar and Paying Agent. 

The Company shall maintain, with respect to each Series of Securities, at the place or places specified with respect to such Series
pursuant to Section 2.2, an office or agency where Securities of such Series may be presented or surrendered for payment (“Paying Agent”), where Securities of such Series may be surrendered for registration of transfer or exchange
(“Registrar”) and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be served (“Service Agent”). The Registrar shall keep a register with respect to each Series of
Securities and to their transfer and exchange. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address, of each Registrar, Paying Agent or Service Agent. If at any time the Company
shall fail to maintain any such required Registrar, Paying Agent or Service Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate
Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 

The Company may also from time to time designate one or more co- registrars, additional paying agents or additional service agents and
may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar, Paying Agent and Service Agent in each place so specified
pursuant to Section 2.2 for Securities of any Series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name or address of any such co-registrar,
additional paying agent or additional service agent. The term “Registrar” includes any co-registrar; the term “Paying Agent” includes any additional paying agent; and the term “Service Agent” includes any additional
service agent. 
 The Company hereby appoints the Trustee the initial Registrar, Paying Agent and Service Agent for each Series
unless another Registrar, Paying Agent or Service Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued. 
  

	Section 2.5.	Paying Agent to Hold Money in Trust. 

The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust, for the
benefit of Securityholders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the Series of Securities, and will notify the Trustee of any default by the Company in making
any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over
to the Trustee, the Paying Agent (if other than the Company or a Subsidiary) shall have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of
Securityholders of any Series of Securities all money held by it as Paying Agent. 
  

	Section 2.6.	Securityholder Lists. 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and
addresses of Securityholders of each Series of Securities and shall otherwise comply with TIA Section 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten days before each interest payment date and
at such other times as the Trustee may request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Securityholders of each Series of Securities. 

 

 8 

	Section 2.7.	Transfer and Exchange. 

Where Securities of a Series are presented to the Registrar or a co- registrar with a request to register a transfer or to exchange them
for an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if its requirements for such transactions are met. To permit registrations of transfers and exchanges, the Trustee shall
authenticate Securities at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly permitted herein), but the Company may require payment of a sum sufficient to cover
any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or 9.6). 

Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any
Series for the period beginning at the opening of business fifteen days immediately preceding the mailing of a notice of redemption of Securities of that Series selected for redemption and ending at the close of business on the day of such mailing,
or (b) to register the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in part.

  

	Section 2.8.	Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in
exchange therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of
any Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a
bona fide purchaser, the Company shall execute and upon its request the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security of the same Series and of like tenor and
principal amount and bearing a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or
stolen Security has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 

Upon the issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security of any Series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an
original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with
any and all other Securities of that Series duly issued hereunder. 
 The provisions of this Section are exclusive and shall
preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
  

	Section 2.9.	Outstanding Securities. 

The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those
delivered to it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding. 

 

 9 

 If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until
the Trustee receives proof satisfactory to it that the replaced Security is held by a bona fide purchaser. 
 If the Paying
Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds on the Maturity of Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease
to be outstanding and interest on them ceases to accrue. 
 A Security does not cease to be outstanding because the Company or
an Affiliate holds the Security. 
 In determining whether the Holders of the requisite principal amount of outstanding
Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal
thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.2. 
  

	Section 2.10.	Treasury Securities. 

 In
determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand, authorization, direction, notice, consent or waiver Securities of a Series owned by the Company or an Affiliate shall
be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent or waiver only Securities of a Series that the Trustee knows are so
owned shall be so disregarded. 
  

	Section 2.11.	Temporary Securities. 

Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities upon
a Company Order. Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the
Trustee upon request shall authenticate definitive Securities of the same Series and date of Maturity in exchange for temporary Securities. Until so exchanged, temporary Securities shall have the same rights under this Indenture as the definitive
Securities. 
  

	Section 2.12.	Cancellation. 

 The
Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee shall
cancel all Securities surrendered for transfer, exchange, payment, replacement or cancellation and shall destroy such canceled Securities (subject to the record retention requirement of the Exchange Act) and deliver a certificate of such destruction
to the Company, unless the Company otherwise directs. The Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation. 

 

	Section 2.13.	Defaulted Interest. 

 If
the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to the extent permitted by law, any interest payable on the defaulted interest, to the persons who are Securityholders of the Series
on a subsequent special record date. The Company shall fix the record date and payment date. At least 30 days before the record date, the Company shall mail to the Trustee and to each Securityholder of the Series a notice that states the record
date, the payment date and the amount of interest to be paid. The Company may pay defaulted interest in any other lawful manner. 
  

 10 

	Section 2.14.	Global Securities. 

2.14.1 Terms of Securities . A Board Resolution, a supplemental indenture hereto or an Officers’ Certificate shall establish
whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depository for such Global Security or Securities. 

2.14.2 Transfer and Exchange . Notwithstanding any provisions to the contrary contained in Section 2.7 of the Indenture and
in addition thereto, any Global Security shall be exchangeable pursuant to Section 2.7 of the Indenture for Securities registered in the names of Holders other than the Depository for such Security or its nominee only if (i) such
Depository notifies the Company that it is unwilling or unable to continue as Depository for such Global Security or if at any time such Depository ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Company
fails to appoint a successor Depository within 90 days of such event, (ii) the Company executes and delivers to the Trustee an Officers’ Certificate to the effect that such Global Security shall be so exchangeable or (iii) an Event of
Default with respect to the Securities represented by such Global Security shall have happened and be continuing. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such
names as the Depository shall direct in writing in an aggregate principal amount equal to the principal amount of the Global Security with like tenor and terms. 

Except as provided in this Section 2.14.2, a Global Security may not be transferred except as a whole by the Depository with
respect to such Global Security to a nominee of such Depository, by a nominee of such Depository to such Depository or another nominee of such Depository or by the Depository or any such nominee to a successor Depository or a nominee of such a
successor Depository. 
 2.14.3 Legend . Unless otherwise provided pursuant to Section 2.2, any Global Security
issued hereunder shall bear a legend in substantially the following form: 
 “This Security is a Global Security within
the meaning of the Indenture hereinafter referred to and is registered in the name of the Depository or a nominee of the Depository. This Security is exchangeable for Securities registered in the name of a person other than the Depository or its
nominee only in the limited circumstances described in the Indenture, and may not be transferred except as a whole by the Depository to a nominee of the Depository, by a nominee of the Depository to the Depository or another nominee of the
Depository or by the Depository or any such nominee to a successor Depository or a nominee of such a successor Depository.” 

2.14.4 Acts of Holders . The Depository, as a Holder, may appoint agents and otherwise authorize participants to give or take any
request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture. 

2.14.5 Payments . Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by
Section 2.2, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 

2.14.6 Consents, Declaration and Directions . Except as provided in Section 2.14.5, the Company, the Trustee and any Agent
shall treat a person as the Holder of such principal amount of outstanding Securities of such Series represented by a Global Security as shall be specified in a written statement of the Depository with respect to such Global Security, for purposes
of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture. 
  

 11 

	Section 2.15.	CUSIP Numbers. 

 The
Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state
that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other elements of identification printed on the
Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. 
 ARTICLE III.

 REDEMPTION 
  

	Section 3.1.	Notice to Trustee. 

 The
Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and
on such terms as provided for in such Securities. If a Series of Securities is redeemable and the Company wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such
Securities, it shall notify the Trustee of the redemption date and the principal amount of Series of Securities to be redeemed. The Company shall give the notice at least 45 days before the redemption date (or such shorter notice as may be
acceptable to the Trustee). 
  

	Section 3.2.	Selection of Securities to be Redeemed. 

Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture or an Officers’ Certificate, if
less than all the Securities of a Series are to be redeemed, the Trustee shall select the Securities of the Series to be redeemed in any manner that the Trustee deems fair and appropriate. The Trustee shall make the selection from Securities of the
Series outstanding not previously called for redemption. The Trustee may select for redemption portions of the principal of Securities of the Series that have denominations larger than $1,000. Securities of the Series and portions of them it selects
shall be in amounts of $1,000 or whole multiples of $1,000 or, with respect to Securities of any Series issuable in other denominations pursuant to Section 2.2.10, the minimum principal denomination for each Series and integral multiples
thereof. Provisions of this Indenture that apply to Securities of a Series called for redemption also apply to portions of Securities of that Series called for redemption. 

 

	Section 3.3.	Notice of Redemption. 

Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officers’ Certificate,
at least 30 days but not more than 60 days before a redemption date, the Company shall mail a notice of redemption by first-class mail to each Holder whose Securities are to be redeemed and if any Bearer Securities are outstanding, publish on one
occasion a notice in an Authorized Newspaper. 
 The notice shall identify the Securities of the Series to be redeemed and
shall state: 
 (a) the redemption date; 

(b) the redemption price; 

(c) the name and address of the Paying Agent; 

(d) that Securities of the Series called for redemption must be surrendered to the Paying Agent to collect the redemption
price; 
 (e) that interest on Securities of the Series called for redemption ceases to accrue on and after the
redemption date; and 
 (f) any other information as may be required by the terms of the particular Series or
the Securities of a Series being redeemed. 
  

 12 

 At the Company’s request, the Trustee shall give the notice of redemption in the
Company’s name and at its expense. 
  

	Section 3.4.	Effect of Notice of Redemption. 

Once notice of redemption is mailed or published as provided in Section 3.3, Securities of a Series called for redemption become due
and payable on the redemption date and at the redemption price. A notice of redemption may not be conditional. Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date.

  

	Section 3.5.	Deposit of Redemption Price. 

On or before the redemption date, the Company shall deposit with the Paying Agent money sufficient to pay the redemption price of and
accrued interest, if any, on all Securities to be redeemed on that date. 
  

	Section 3.6.	Securities Redeemed in Part. 

Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate for the Holder a new Security of the same Series
and the same Maturity equal in principal amount to the unredeemed portion of the Security surrendered. 
 ARTICLE IV. 

COVENANTS 
  

	Section 4.1.	Payment of Principal and Interest. 

The Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually pay the
principal of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. 
  

	Section 4.2.	SEC Reports. 

 The
Company shall deliver to the Trustee within 15 days after it files them with the SEC copies of the annual reports and of the information, documents, and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and
regulations prescribe) which the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act. The Company also shall comply with the other provisions of TIA Section 314(a). 

 

	Section 4.3.	Compliance Certificate. 

The Company shall deliver to the Trustee, within 90 days after the end of each fiscal year of the Company, an Officers’ Certificate
stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether the Company has kept, observed, performed and
fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that to the best of his knowledge the Company has kept, observed, performed and fulfilled each and every covenant contained in
this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions hereof (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he may
have knowledge). 
 The Company will, so long as any of the Securities are outstanding, deliver to the Trustee, forthwith upon
becoming aware of any Default or Event of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 

 

 13 

	Section 4.4.	Stay, Extension and Usury Laws. 

The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead, or in any manner
whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture or the Securities; and the Company
(to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but
will suffer and permit the execution of every such power as though no such law has been enacted. 
  

	Section 4.5.	Corporate Existence. 

Subject to Article V, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its
corporate existence and the corporate, partnership or other existence of each Significant Subsidiary in accordance with the respective organizational documents of each Significant Subsidiary and the rights (charter and statutory), licenses and
franchises of the Company and its Significant Subsidiaries; provided, however, that the Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any Significant Subsidiary,
if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries taken as a whole and that the loss thereof is not adverse in any material respect to
the Holders. 
  

	Section 4.6.	Taxes. 

 The Company
shall, and shall cause each of its Significant Subsidiaries to, pay prior to delinquency all taxes, assessments and governmental levies, except as contested in good faith and by appropriate proceedings. 

ARTICLE V. 

SUCCESSORS 
  

	Section 5.1.	When Company May Merge, Etc. 

The Company shall not consolidate with or merge into, or convey, transfer or lease all or substantially all of its properties and assets
to, any person (a “successor person”), and may not permit any person to merge into, or convey, transfer or lease its properties and assets substantially as an entirety to, the Company, unless: 

(a) the successor person (if any) is a corporation, partnership, trust or other entity organized and validly existing
under the laws of any U.S. domestic jurisdiction and expressly assumes the Company’s obligations on the Securities and under this Indenture and 

(b) immediately after giving effect to the transaction, no Default or Event of Default, shall have occurred and be
continuing. 
 The Company shall deliver to the Trustee prior to the consummation of the proposed transaction an Officers’
Certificate to the foregoing effect and an Opinion of Counsel stating that the proposed transaction and such supplemental indenture comply with this Indenture. 
  

	Section 5.2.	Successor Corporation Substituted. 

Upon any consolidation or merger, or any sale, lease, conveyance or other disposition of all or substantially all of the assets of the
Company in accordance with Section 5.1, the successor corporation formed by such consolidation or into or with which the Company is merged or to which such sale, lease, conveyance or other disposition is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor person has been named as the Company 

 

 14 

 
herein; provided, however, that the predecessor Company in the case of a sale, lease, conveyance or other disposition shall not be released from the obligation to pay the principal of and
interest, if any, on the Securities. 
 ARTICLE VI. 

DEFAULTS AND REMEDIES 
  

	Section 6.1.	Events of Default. 

“Event of Default,” wherever used herein with respect to Securities of any Series, means any one of the following events,
unless in the establishing Board Resolution, supplemental indenture or Officers’ Certificate, it is provided that such Series shall not have the benefit of said Event of Default: 

(a) default in the payment of any interest on any Security of that Series when it becomes due and payable, and
continuance of such default for a period of 90 days (unless the entire amount of such payment is deposited by the Company with the Trustee or with a Paying Agent prior to the expiration of such period of 90 days); or 

(b) default in the payment of the principal of any Security of that Series at its Maturity; or 

(c) default in the deposit of any sinking fund payment, when and as due in respect of any Security of that Series; or

 (d) default in the performance or breach of any covenant or warranty of the Company in this Indenture (other
than a covenant or warranty that has been included in this Indenture solely for the benefit of Series of Securities other than that Series), which default continues uncured for a period of 90 days after there has been given, by registered or
certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the outstanding Securities of that Series a written notice specifying such default or breach and requiring it to be
remedied and stating that such notice is a “Notice of Default” hereunder; or 
 (e) the Company or any
of its Significant Subsidiaries pursuant to or within the meaning of any Bankruptcy Law: 
 (i) commences a
voluntary case, 
 (ii) consents to the entry of an order for relief against it in an involuntary case,

 (iii) consents to the appointment of a Custodian of it or for all or substantially all of its property,

 (iv) makes a general assignment for the benefit of its creditors, or 

(v) generally is unable to pay its debts as the same become due; or 

(f) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(i) is for relief against the Company or any of its Significant Subsidiaries in an involuntary case, 

(ii) appoints a Custodian of the Company or any of its Significant Subsidiaries or for all or substantially all of its
property, or 
  

 15 

 (iii) orders the liquidation of the Company or any of its Significant
Subsidiaries, 
 and the order or decree remains unstayed and in effect for 60 days; or 

(g) any other Event of Default provided with respect to Securities of that Series, which is specified in a Board
Resolution, a supplemental indenture hereto or an Officers’ Certificate, in accordance with Section 2.2.18. 
 The
term “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

  

	Section 6.2.	Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default with respect to Securities of any Series at the time outstanding occurs and is continuing (other than an Event of
Default referred to in Section 6.1(e) or (f)) then in every such case the Trustee or the Holders of not less than 51% in principal amount of the outstanding Securities of that Series may declare the principal amount (or, if any Securities of
that Series are Discount Securities, such portion of the principal amount as may be specified in the terms of such Securities) of and accrued and unpaid interest, if any, on all of the Securities of that Series to be due and payable immediately, by
a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) and accrued and unpaid interest, if any, shall become immediately due and payable. If an Event of
Default specified in Section 6.1(e) or (f) shall occur, the principal amount (or specified amount) of and accrued and unpaid interest, if any, on all outstanding Securities shall ipso facto become and be immediately due and payable without
any declaration or other act on the part of the Trustee or any Holder. 
 At any time after such a declaration of acceleration
with respect to any Series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the outstanding
Securities of that Series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if: 

(a) the Company has paid or deposited with the Trustee a sum sufficient to pay 

(i) all overdue interest, if any, on all Securities of that Series, 

(ii) the principal of any Securities of that Series which have become due otherwise than by such declaration of
acceleration and interest thereon at the rate or rates prescribed therefor in such Securities, 
 (iii) to the
extent that payment of such interest is lawful, interest upon any overdue principal and overdue interest at the rate or rates prescribed therefor in such Securities, and 

(iv) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel; and 
 (b) all Events of Default with respect to Securities of
that Series, other than the non-payment of the principal of Securities of that Series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 6.13. 

No such rescission shall affect any subsequent Default or impair any right consequent thereon. 

 

 16 

	Section 6.3.	Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Company covenants that if 

(a) default is made in the payment of any interest on any Security when such interest becomes due and payable and such
default continues for a period of 90 days, or 
 (b) default is made in the payment of principal of any Security
at the Maturity thereof, or 
 (c) default is made in the deposit of any sinking fund payment when and as due by
the terms of a Security, then, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such Securities for principal and interest and, to the extent that
payment of such interest shall be legally enforceable, interest on any overdue principal or any overdue interest, at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to
cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust,
may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon such Securities and collect the
moneys adjudged or deemed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 

If an Event of Default with respect to any Securities of any Series occurs and is continuing, the Trustee may in its discretion proceed
to protect and enforce its rights and the rights of the Holders of Securities of such Series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific
enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 
  

	Section 6.4.	Trustee 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 Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be
due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention
in such proceeding or otherwise, 
 (a) to file and prove a claim for the whole amount of principal and interest
owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and 

(b) to collect and receive any moneys 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 Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.7. 
  

 17 

 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent
to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder
in any such proceeding. 
  

	Section 6.5.	Trustee May Enforce Claims Without Possession of Securities. 

All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the
possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall,
after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been
recovered. 
  

	Section 6.6.	Application of Money Collected. 

Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the
Trustee and, in case of the distribution of such money on account of principal or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

First: To the payment of all amounts due the Trustee under Section 7.7; and 

Second: To the payment of the amounts then due and unpaid for principal of and interest on the Securities in respect of which or for the
benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and interest, respectively; and 

Third: To the Company. 
  

	Section 6.7.	Limitation on Suits. 

No Holder of any Security of any Series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 
 (a)
such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that Series; 

(b) the Holders of not less than 51% in principal amount of the outstanding Securities of that Series shall have made
written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(c) such Holder or Holders have offered to the Trustee reasonable indemnity against the costs, expenses and liabilities
to be incurred in compliance with such request; 
 (d) the Trustee for 60 days after its receipt of such notice,
request and offer of indemnity has failed to institute any such proceeding; and 
 (e) no direction inconsistent
with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the outstanding Securities of that Series; it being understood and intended that no one or more of such Holders
shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference

  

 18 

 
over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders. 

 

	Section 6.8.	Unconditional Right of Holders to Receive Principal and Interest. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and
unconditional, to receive payment of the principal of, premium and interest, if any, on such Security on the Stated Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date) and to institute
suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 
  

	Section 6.9.	Restoration of Rights and Remedies. 

If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has
been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be
restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 

 

	Section 6.10.	Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in
Section 2.8, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other appropriate right or remedy. 
  

	Section 6.11.	Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of
Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time,
and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
  

	Section 6.12.	Control by Holders. 

The Holders of a majority in principal amount of the outstanding Securities of any Series shall have the right to direct the time,
method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such Series, provided that 

(a) such direction shall not be in conflict with any rule of law or with this Indenture, 

(b) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, and

 (c) subject to the provisions of Section 6.1, the Trustee shall have the right to decline to follow any
such direction if the Trustee in good faith shall, by a Responsible Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability. 

 

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	Section 6.13.	Waiver of Past Defaults. 

Subject to Section 6.2, the Holders of not less than a majority in principal amount of the outstanding Securities of any Series may
on behalf of the Holders of all the Securities of such Series waive any past Default hereunder with respect to such Series and its consequences, except a Default in the payment of the principal of or interest on any Security of such Series
(provided, however, that the Holders of a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration). Upon
any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any
right consequent thereon. 
  

	Section 6.14.	Undertaking for Costs. 

All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any
court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such
suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good
faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders,
holding in the aggregate more than 10% in principal amount of the outstanding Securities of any Series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or interest on any Security on or after the Stated
Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date). 
 ARTICLE VII.

 TRUSTEE 
  

	Section 7.1.	Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it
by this Indenture and use the same degree of care and skill in their exercise as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. 

(b) Except during the continuance of an Event of Default: 

(i) The Trustee need perform only those duties that are specifically set forth in this Indenture and no others.

 (ii) In the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon Officers’ Certificates or Opinions of Counsel furnished to the Trustee and conforming to the requirements of this Indenture; however, in the case of any such Officers’
Certificates or Opinions of Counsel which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officers’ Certificates and Opinions of Counsel to determine whether or not they conform
to the requirements of this Indenture. 
 (c) The Trustee may not be relieved from liability for its own
negligent action, its own negligent failure to act or its own willful misconduct, except that: 
 (i) This
paragraph does not limit the effect of paragraph (b) of this Section. 
 (ii) The Trustee shall not be
liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 

 

 20 

 (iii) The Trustee shall not be liable with respect to any action taken,
suffered or omitted to be taken by it with respect to Securities of any Series in good faith in accordance with the direction of the Holders of a majority in principal amount of the outstanding Securities of such Series relating to the time, method
and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such Series. 

(d) Every provision of this Indenture that in any way relates to the Trustee is subject to paragraph (a), (b) and
(c) of this Section. 
 (e) The Trustee may refuse to perform any duty or exercise any right or power
unless it receives indemnity satisfactory to it against any loss, liability or expense. 
 (f) The Trustee shall
not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

(g) No provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur any financial
liability in the performance of any of its duties, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk is not reasonably assured to
it. 
 (h) The Paying Agent, the Registrar and any authenticating agent shall be entitled to the protections,
immunities and standard of care as are set forth in paragraphs (a), (b) and (c) of this Section with respect to the Trustee. 
  

	Section 7.2.	Rights of Trustee. 

(a) The Trustee may rely on and shall be protected in acting or refraining from acting upon any document believed by it
to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document. 

(b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of
Counsel. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel. 

(c) The Trustee may act through agents and shall not be responsible for the misconduct or negligence of any agent
appointed with due care. No Depository shall be deemed an agent of the Trustee and the Trustee shall not be responsible for any act or omission by any Depository. 

(d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be
authorized or within its rights or powers. 
 (e) The Trustee may consult with counsel and the advice of such
counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. 

(f) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at
the request or direction of any of the Holders of Securities unless such Holders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance with such
request or direction. 
  

 21 

	Section 7.3.	Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the
Company or an Affiliate with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee is also subject to Sections 7.10 and 7.11 . 

 

	Section 7.4.	Trustee’s Disclaimer. 

The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for
the Company’s use of the proceeds from the Securities, and it shall not be responsible for any statement in the Securities other than its authentication. 
  

	Section 7.5.	Notice of Defaults. 

 If
a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and if it is known to a Responsible Officer of the Trustee, the Trustee shall mail to each Securityholder of the Securities of that Series and, if
any Bearer Securities are outstanding, publish on one occasion in an Authorized Newspaper, notice of a Default or Event of Default within 90 days after it occurs or, if later, after a Responsible Officer of the Trustee has knowledge of such Default
or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Security of any Series, the Trustee may withhold the notice if and so long as its corporate trust committee or a committee of its
Responsible Officers in good faith determines that withholding the notice is in the interests of Securityholders of that Series. 
  

	Section 7.6.	Reports by Trustee to Holders. 

Within 60 days after May 15 in each year, the Trustee shall transmit by mail to all Securityholders, as their names and addresses
appear on the register kept by the Registrar and, if any Bearer Securities are outstanding, publish in an Authorized Newspaper, a brief report dated as of such May 15, in accordance with, and to the extent required under, TIA Section 313.

 A copy of each report at the time of its mailing to Securityholders of any Series shall be filed with the SEC and each stock
exchange on which the Securities of that Series are listed. The Company shall promptly notify the Trustee when Securities of any Series are listed on any stock exchange. 

 

	Section 7.7.	Compensation and Indemnity. 

The Company shall pay to the Trustee from time to time reasonable compensation for its services. The Trustee’s compensation shall
not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred by it. Such expenses shall include the reasonable compensation and
expenses of the Trustee’s agents and counsel. 
 The Company shall indemnify the Trustee (including the cost of defending
itself) against any loss, liability or expense incurred by it except as set forth in the next paragraph in the performance of its duties under this Indenture as Trustee or Agent. The Trustee shall notify the Company promptly of any claim for which
it may seek indemnity. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay for
any settlement made without its consent, which consent shall not be unreasonably withheld. This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee. 

The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee or by any officer,
director, employee, shareholder or agent of the Trustee through negligence or bad faith. 
  

 22 

 To secure the Company’s payment obligations in this Section, the Trustee shall have a
lien prior to the Securities of any Series on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on particular Securities of that Series. 

When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.1(e) or (f) occurs, the
expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 
  

	Section 7.8.	Replacement of Trustee. 

A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor
Trustee’s acceptance of appointment as provided in this Section. 
 The Trustee may resign with respect to the Securities
of one or more Series by so notifying the Company. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and the Company. The Company may remove
the Trustee with respect to Securities of one or more Series if: 
 (a) the Trustee fails to comply with
Section 7.10; 
 (b) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered
with respect to the Trustee under any Bankruptcy Law; 
 (c) a Custodian or public officer takes charge of the
Trustee or its property; or 
 (d) the Trustee becomes incapable of acting. 

If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint
a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding Securities may appoint a successor Trustee to replace the successor Trustee appointed by the
Company. 
 If a successor Trustee with respect to the Securities of any one or more Series does not take office within 60 days
after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least 10% in principal amount of the Securities of the applicable Series may petition any court of competent jurisdiction for the appointment of
a successor Trustee. 
 If the Trustee with respect to the Securities of any one or more Series fails to comply with
Section 7.10, any Securityholder of the applicable Series may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Immediately after
that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for in Section 7.7, the resignation or removal of the retiring Trustee shall become effective, and the successor
Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as Trustee under this Indenture. A successor Trustee shall mail a notice of its succession to each Securityholder of
each such Series and, if any Bearer Securities are outstanding, publish such notice on one occasion in an Authorized Newspaper. Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Company’s obligations under
Section 7.7 hereof shall continue for the benefit of the retiring trustee with respect to expenses and liabilities incurred by it prior to such replacement. 

 

 23 

	Section 7.9.	Successor Trustee by Merger, etc. 

If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to,
another corporation, the successor corporation without any further act shall be the successor Trustee. 
  

	Section 7.10.	Eligibility; Disqualification. 

This Indenture shall always have a Trustee who satisfies the requirements of TIA Section 310(a)(1), (2) and (5). The Trustee
shall always have a combined capital and surplus of at least $25,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA Section 310(b). 

 

	Section 7.11.	Preferential Collection of Claims Against Company. 

The Trustee is subject to TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who
has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated. 
 ARTICLE VIII. 

SATISFACTION AND DISCHARGE; DEFEASANCE 
  

	Section 8.1.	Satisfaction and Discharge of Indenture. 

This Indenture shall upon Company Order cease to be of further effect (except as hereinafter provided in this Section 8.1), and the
Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when 

(a) either 

(i) all Securities theretofore authenticated and delivered (other than Securities that have been destroyed, lost or
stolen and that have been replaced or paid) have been delivered to the Trustee for cancellation; or 
 (ii) all
such Securities not theretofore delivered to the Trustee for cancellation 
  

	 	(1)	have become due and payable, or 

  

	 	(2)	will become due and payable at their Stated Maturity within one year, or 

  

	 	(3)	are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at
the expense, of the Company, or 

  

	 	(4)	are deemed paid and discharged pursuant to Section 8.3, as applicable; 

and the Company, in the case of (1), (2) or (3) above, has deposited or caused to be deposited with the Trustee as trust funds in trust an
amount sufficient for the purpose of paying and discharging the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal and interest to the date of such deposit (in the case of Securities which
have become due and payable on or prior to the date of such deposit) or to the Stated Maturity or redemption date, as the case may be; 
  

 24 

 (b) the Company has paid or caused to be paid all other sums payable
hereunder by the Company; and 
 (c) the Company has delivered to the Trustee an Officers’ Certificate and
an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.7,
and, if money shall have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.4, 2.7, 2.8, 8.1, 8.2 and 8.5 shall survive. 

 

	Section 8.2.	Application of Trust Funds; Indemnification. 

(a) Subject to the provisions of Section 8.5, all money deposited with the Trustee pursuant to Section 8.1,
all money and U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to Section 8.3 or 8.4 and all money received by the Trustee in respect of U.S. Government Obligations or Foreign Government
Obligations deposited with the Trustee pursuant to Section 8.3 or 8.4, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as its own Paying Agent) as the Trustee may determine, to the persons entitled thereto, of the principal and interest for whose payment such money has been deposited with or received by the Trustee or to make mandatory
sinking fund payments or analogous payments as contemplated by Sections 8.3 or 8.4. 
 (b) The Company shall pay
and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against U.S. Government Obligations or Foreign Government Obligations deposited pursuant to Sections 8.3 or 8.4 or the interest and principal received in
respect of such obligations other than any payable by or on behalf of Holders. 
 (c) The Trustee shall deliver
or pay to the Company from time to time upon Company Request any U.S. Government Obligations or Foreign Government Obligations or money held by it as provided in Sections 8.3 or 8.4 which, in the opinion of a nationally recognized firm of
independent certified public accountants expressed in a written certification thereof delivered to the Trustee, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such U.S.
Government Obligations or Foreign Government Obligations or money were deposited or received. This provision shall not authorize the sale by the Trustee of any U.S. Government Obligations or Foreign Government Obligations held under this Indenture.

  

	Section 8.3.	Legal Defeasance of Securities of any Series. 

Unless this Section 8.3 is otherwise specified, pursuant to Section 2.2.20, to be inapplicable to Securities of any Series,
the Company shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of such Series on the 91st day after the date of the deposit referred to in subparagraph (d) hereof, and the provisions of this
Indenture, as it relates to such outstanding Securities of such Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, at Company Request, execute proper instruments acknowledging the same), except as to:

 (a) the rights of Holders of Securities of such Series to receive, from the trust funds described in
subparagraph (d) hereof, (i) payment of the principal of and each installment of principal of and interest on the outstanding Securities of such Series on the Stated Maturity of such principal or installment of principal or interest and
(ii) the benefit of any mandatory sinking fund payments applicable to the Securities of such Series on the day on which such payments are due and payable in accordance with the terms of this Indenture and the Securities of such Series;

 (b) the provisions of Sections 2.4, 2.7, 2.8, 8.2, 8.3 and 8.5; and 

 

 25 

 (c) the rights, powers, trust and immunities of the Trustee hereunder;
provided that, the following conditions shall have been satisfied: 
 (d) the Company shall have deposited or
caused to be deposited irrevocably with the Trustee as trust funds in trust for the purpose of making the following payments, specifically pledged as security for and dedicated solely to the benefit of the Holders of such Securities (i) in the
case of Securities of such Series denominated in Dollars, cash in Dollars (or such other money or currencies as shall then be legal tender in the United States) and/or U.S. Government Obligations, or (ii) in the case of Securities of such
Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof, in accordance with their terms, will provide (and
without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent
public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal (including mandatory sinking fund or analogous payments) of and interest, if any, on all the Securities of
such Series on the dates such installments of interest or principal are due; 
 (e) such deposit will not result
in a breach or violation of, or constitute a default under, this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound; 

(f) no Default or Event of Default with respect to the Securities of such Series shall have occurred and be continuing on
the date of such deposit or during the period ending on the 91st day after such date; 
 (g) the Company shall
have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel to the effect that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (ii) since the date of
execution of this Indenture, there has been a change in the applicable Federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the Securities of such Series will not
recognize income, gain or loss for Federal income tax purposes as a result of such deposit, defeasance and discharge and will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the
case if such deposit, defeasance and discharge had not occurred; 
 (h) the Company shall have delivered to the
Trustee an Officers’ Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders of the Securities of such Series over any other creditors of the company or with the intent of defeating, hindering,
delaying or defrauding any other creditors of the Company; 
 (i) such deposit shall not result in the trust
arising from such deposit constituting an investment company (as defined in the Investment Company Act of 1940, as amended), or such trust shall be qualified under such Act or exempt from regulation thereunder; and 

(j) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating
that all conditions precedent provided for relating to the defeasance contemplated by this Section have been complied with. 
  

	Section 8.4.	Covenant Defeasance. 

Unless this Section 8.4 is otherwise specified pursuant to Section 2.2.20 to be inapplicable to Securities of any Series, on
and after the 91st day after the date of the deposit referred to in subparagraph (a) hereof, the Company may omit to comply with any term, provision or condition set forth under Sections 4.2, 4.3, 4.4, 4.5, 4.6, and 5.1 as well as any
additional covenants contained in a supplemental indenture hereto for a particular Series of Securities or a Board Resolution or an Officers’ Certificate delivered pursuant to Section 2.2.20 (and the failure to comply with any such
covenants shall not constitute a Default or Event of Default under Section 6.1) and the 
  

 26 

 
occurrence of any event described in clause (e) of Section 6.1 shall not constitute a Default or Event of Default hereunder, with respect to the Securities of such Series, provided that
the following conditions shall have been satisfied: 
 (a) With reference to this Section 8.4, the Company
has deposited or caused to be irrevocably deposited (except as provided in Section 8.2(c)) with the Trustee as trust funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities
(i) in the case of Securities of such Series denominated in Dollars, cash in Dollars (or such other money or currencies as shall then be legal tender in the United States) and/or U.S. Government Obligations, or (ii) in the case of
Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof, in accordance with their terms, will
provide (and without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of
independent certified public accountants expressed in a written certification thereof delivered to the Trustee, to pay principal and interest, if any, on and any mandatory sinking fund in respect of the Securities of such Series on the dates such
installments of interest or principal are due; 
 (b) Such deposit will not result in a breach or violation of,
or constitute a default under, this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound; 

(c) No Default or Event of Default with respect to the Securities of such Series shall have occurred and be continuing on
the date of such deposit or during the period ending on the 91st day after such date; 
 (d) the Company shall
have delivered to the Trustee an Opinion of Counsel confirming that Holders of the Securities of such Series will not recognize income, gain or loss for federal income tax purposes as a result of such deposit and defeasance and will be subject to
federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such deposit and defeasance had not occurred; 

(e) the Company shall have delivered to the Trustee an Officers’ Certificate stating the deposit was not made by the
Company with the intent of preferring the Holders of the Securities of such Series over any other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 

(f) The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating
that all conditions precedent herein provided for relating to the defeasance contemplated by this Section have been complied with. 
  

	Section 8.5.	Repayment to Company. 

The Trustee and the Paying Agent shall pay to the Company upon request any money held by them for the payment of principal and interest
that remains unclaimed for two years. After that, Securityholders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person. 

 

	Section 8.6.	Reinstatement. 

 If the
Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in accordance with Sections 8.1, 8.3 or 8.4, as the case may be, by reason of any legal proceeding or by reason of any order or judgment of any court or governmental
authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under this Indenture and the Securities shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.1, 8.3 or
8.4, as the case may be, until such time as the Trustee 
  

 27 

 
or Paying Agent is permitted to apply all such money or U.S. Government Obligations in accordance with Section 8.1, 8.3 or 8.4, as the case may be; provided, however, that if
the Company makes any payment of principal of, premium, if any, or interest on any Securities because of reinstatement of its obligations, the Company shall be subrogated to the rights of the holders of such Securities to receive such payment from
the money or U.S. Government Obligations held by the Trustee or Paying Agent. 
 ARTICLE IX. 

AMENDMENTS AND WAIVERS 
  

	Section 9.1.	Without Consent of Holders. 

The Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without the consent of any
Securityholder: 
 (a) to cure any ambiguity, defect or inconsistency; 

(b) to comply with Article V; 

(c) to provide for uncertificated Securities in addition to or in place of certificated Securities; 

(d) to provide for the assumption of our obligations to holders of any debt security in the case of a merger or
consolidation or sale of all or substantially all of our assets; 
 (e) to make any change that would provide
any additional rights or benefits to the holders of Securities or that does not adversely affect the legal rights under the Indenture of any such holder;to provide for the issuance of and establish the form and terms and conditions of Securities of
any Series as permitted by this Indenture; 
 (f) to comply with requirements of the SEC in order to effect or
maintain the qualification of an indenture under the Trust Indenture Act; 
 (g) to conform the text of the
Indenture to any provision of the Description of Debt Securities to the extent that such provision in the Description of Debt Securities was intended to be a verbatim recitation of a provision of the Indenture; 

(h) to provide for the issuance of additional Securities in accordance with the limitations set forth in the Indenture as
of the date of the Indenture; 
 (i) to allow any guarantor to execute a supplemental indenture with respect to
debt securities and to release guarantors in accordance with the terms of the Indenture; 
 (j) to add
additional obligors under the Indenture and the Securities; 
 (k) to provide for the issuance of and establish
the form and terms and conditions of Securities of any Series as permitted by this Indenture; 
 (l) to evidence
and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more Series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee; or 
 (m) to comply with requirements of
the SEC in order to effect or maintain the qualification of this Indenture under the TIA. 
  

 28 

 The consent of holders is not necessary under the Indenture to approve the particular form
of any proposed amendment. It is sufficient if such consent approves the substance of the proposed amendment. 
  

	Section 9.2.	With Consent of Holders. 

The Company and the Trustee may enter into a supplemental indenture with the written consent of the Holders of at least a majority in
principal amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series), for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Securityholders of each such Series. Except as provided in
Section 6.13, the Holders of at least a majority in principal amount of the outstanding Securities of each Series affected by such waiver by notice to the Trustee (including consents obtained in connection with a tender offer or exchange offer
for the Securities of such Series) may waive compliance by the Company with any provision of this Indenture or the Securities with respect to such Series. 

It shall not be necessary for the consent of the Holders of Securities under this Section 9.2 to approve the particular form of any
proposed supplemental indenture or waiver, but it shall be sufficient if such consent approves the substance thereof. After a supplemental indenture or waiver under this section becomes effective, the Company shall mail to the Holders of Securities
affected thereby and, if any Bearer Securities affected thereby are outstanding, publish on one occasion in an Authorized Newspaper, a notice briefly describing the supplemental indenture or waiver. Any failure by the Company to mail or publish such
notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture or waiver. 
  

	Section 9.3.	Limitations. 

 Without
the consent of each Securityholder affected, an amendment or waiver may not: 
 (a) change the amount of
Securities whose Holders must consent to an amendment, supplement or waiver; 
 (b) reduce the rate of or extend
the time for payment of interest (including default interest) on any Security; 
 (c) reduce the principal or
premium on or change the Stated Maturity of any Security or reduce the amount of, or postpone the date fixed for, the payment of any sinking fund or analogous obligation; 

(d) reduce the principal amount of Discount Securities payable upon acceleration of the maturity thereof; 

(e) waive a Default or Event of Default in the payment of the principal of or interest, if any, on any Security (except a
rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of such Series and a waiver of the payment default that resulted from such acceleration); 

(f) make the principal of or interest, if any, on any Security payable in any currency other than that stated in the
Security; 
 (g) make any change in Sections 6.8, 6.13 or 9.3 (this sentence); or 

(h) waive a redemption payment with respect to any Security or change any of the provisions with respect to the
redemption of any Securities. 
  

 29 

	Section 9.4.	Compliance with Trust Indenture Act. 

Every amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto that
complies with the TIA as then in effect. 
  

	Section 9.5.	Revocation and Effect of Consents. 

Until an amendment or waiver becomes effective, a consent to it by a Holder of a Security is a continuing consent by the Holder and every
subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such Holder or subsequent Holder may revoke the
consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the date the amendment or waiver becomes effective. 

Any amendment or waiver once effective shall bind every Securityholder of each Series affected by such amendment or waiver unless it is
of the type described in any of clauses (a) through (h) of Section 9.3. In that case, the amendment or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a
Security that evidences the same debt as the consenting Holder’s Security. 
  

	Section 9.6.	Notation on or Exchange of Securities. 

The Trustee may place an appropriate notation about an amendment or waiver on any Security of any Series thereafter authenticated. The
Company in exchange for Securities of that Series may issue and the Trustee shall authenticate upon request new Securities of that Series that reflect the amendment or waiver. 

 

	Section 9.7.	Trustee Protected. 

 In
executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to
Section 7.1) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee shall sign all supplemental indentures, except that
the Trustee need not sign any supplemental indenture that adversely affects its rights. 
 ARTICLE X. 

MISCELLANEOUS 
  

	Section 10.1.	Trust Indenture Act Controls. 

If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required or deemed to be included in
this Indenture by the TIA, such required or deemed provision shall control. 
  

	Section 10.2.	Notices. 

 Unless
otherwise provided herein, any notice or communication by the Company or the Trustee to the other shall be in writing and delivered in person or by courier, telegraphed, telexed or by facsimile transmission or mailed by first-class mail as follows:

 if to the Company: 

Corcept Therapeutics Incorporated 

149 Commonwealth Drive 

Menlo Park, CA 94025 

(650) 327-3270 

Attention: [Chief Executive Officer] 
  

 30 

 if to the Trustee: 

[Name of Trustee] 

[Address]                     
                                         
                    
 Attention:
[                    ] 

The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or
communications. 
 Any notice or communication to a Securityholder shall be mailed by first-class mail to his address shown on
the register kept by the Registrar and, if any Bearer Securities are outstanding, published in an Authorized Newspaper. Failure to mail a notice or communication to a Securityholder of any Series or any defect in it shall not affect its sufficiency
with respect to other Securityholders of that or any other Series. 
 If a notice or communication is mailed or published in
the manner provided above, within the time prescribed, it is duly given, whether or not the Securityholder receives it. If a notice or communication is delivered in person, by courier, telegraphed, telexed or by facsimile transmission (with
confirmation of receipt) within the time prescribed, it is duly given. 
 If the Company mails a notice or communication to
Securityholders, it shall mail a copy to the Trustee and each Agent at the same time. 
  

	Section 10.3.	Communication by Holders with Other Holders. 

Securityholders of any Series may communicate pursuant to TIA Section 312(b) with other Securityholders of that Series or any other
Series with respect to their rights under this Indenture or the Securities of that Series or all Series. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA Section 312(c). 

 

	Section 10.4.	Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the
Trustee: 
 (a) an Officers’ Certificate stating that, in the opinion of the signers, all conditions
precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(b) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied
with. 
  

	Section 10.5.	Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a
certificate provided pursuant to TIA Section 314(a)(4)) shall comply with the provisions of TIA Section 314(e) and shall include: 

(a) a statement that the person making such certificate or opinion has read such covenant or condition; 

(b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or
opinions contained in such certificate or opinion are based; 
  

 31 

 (c) a statement that, in the opinion of such person, he has made such
examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with.

  

	Section 10.6.	Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or a meeting of Securityholders of one or more Series. Any Agent may make reasonable
rules and set reasonable requirements for its functions. 
  

	Section 10.7.	Legal Holidays. 

 Unless
otherwise provided by Board Resolution, Officers’ Certificate or supplemental indenture for a particular Series, a “Legal Holiday” is any day that is not a Business Day. If a payment date is a Legal Holiday at a place of payment,
payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. 
  

	Section 10.8.	No Recourse Against Others. 

A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company
under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Securityholder by accepting a Security waives and releases all such liability. The waiver and release are part of
the consideration for the issue of the Securities. 
  

	Section 10.9.	Counterparts. 

 This
Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

  

	Section 10.10.	Governing Laws. 

 THIS
INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SUCH STATE. 
  

	Section 10.11.	No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary. Any such indenture,
loan or debt agreement may not be used to interpret this Indenture. 
  

	Section 10.12.	Successors. 

 All
agreements of the Company in this Indenture and the Securities shall bind its successor. All agreements of the Trustee in this Indenture shall bind its successor. 
  

	Section 10.13.	Severability. 

 In case
any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

 

 32 

	Section 10.14.	Table of Contents, Headings, Etc. 

The Table of Contents, Cross Reference Table, and headings of the Articles and Sections of this Indenture have been inserted for
convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 
  

	Section 10.15.	Securities in a Foreign Currency or in ECU. 

Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate delivered pursuant to
Section 2.2 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series
or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in a coin or currency other than Dollars (including ECUs), then the principal amount of
Securities of such Series which shall be deemed to be outstanding for the purpose of taking such action shall be that amount of Dollars that could be obtained for such amount at the Market Exchange Rate at such time. For purposes of this
Section 10.15, “Market Exchange Rate” shall mean the noon Dollar buying rate in New York City for cable transfers of that currency as published by the Federal Reserve Bank of New York; provided, however, in the case of ECUs, Market
Exchange Rate shall mean the rate of exchange determined by the Commission of the European Union (or any successor thereto) as published in the Official Journal of the European Union (such publication or any successor publication, the
“Journal”). If such Market Exchange Rate is not available for any reason with respect to such currency, the Trustee shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York
or, in the case of ECUs, the rate of exchange as published in the Journal, as of the most recent available date, or quotations or, in the case of ECUs, rates of exchange from one or more major banks in The City of New York or in the country of issue
of the currency in question or, in the case of ECUs, in Luxembourg or such other quotations or, in the case of ECUs, rates of exchange as the Trustee, upon consultation with the Company, shall deem appropriate. The provisions of this paragraph shall
apply in determining the equivalent principal amount in respect of Securities of a Series denominated in currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. 

All decisions and determinations of the Trustee regarding the Market Exchange Rate or any alternative determination provided for in the
preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, be conclusive to the extent permitted by law for all purposes and irrevocably binding upon the Company and all Holders. 

 

	Section 10.16.	Judgment Currency. 

 The
Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of the principal of or interest or other
amount on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal
banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then, the rate of
exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final
unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered
in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be
payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full
amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day
except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized or required by law, regulation or executive order to close. 

 

 33 

 ARTICLE XI. 

SINKING FUNDS 
  

	Section 11.1.	Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of the Securities of a Series, except as
otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture. 
 The minimum amount
of any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a “mandatory sinking fund payment” and any other amount provided for by the terms of Securities of such Series is herein
referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any Series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 11.2. Each sinking fund
payment shall be applied to the redemption of Securities of any Series as provided for by the terms of the Securities of such Series. 
  

	Section 11.2.	Satisfaction of Sinking Fund Payments with Securities. 

The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made
pursuant to the terms of such Securities (1) deliver outstanding Securities of such Series to which such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) and
(2) apply as credit Securities of such Series to which such sinking fund payment is applicable and which have been redeemed either at the election of the Company pursuant to the terms of such Series of Securities (except pursuant to any
mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that such Securities have not been previously so credited. Such
Securities shall be received by the Trustee, together with an Officers’ Certificate with respect thereto, not later than 15 days prior to the date on which the Trustee begins the process of selecting Securities for redemption, and shall be
credited for such purpose by the Trustee at the price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If as a result of the delivery or
credit of Securities in lieu of cash payments pursuant to this Section 11.2, the principal amount of Securities of such Series to be redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call
Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment, provided,
however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee
of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash payment required to be released to the Company. 
  

	Section 11.3.	Redemption of Securities for Sinking Fund. 

Not less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture hereto or Officers’ Certificate in
respect of a particular Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing mandatory sinking
fund payment for that Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting of Securities of that
Series pursuant to Section 11.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated to pay the amount therein specified. Not less than 30 days
(unless otherwise indicated in the Board Resolution, Officers’ Certificate or supplemental indenture in respect of a particular Series of Securities) before each such sinking fund payment date the Trustee shall select the Securities to be
redeemed upon such sinking fund payment date in the manner specified in Section 3.2 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 3.3. Such notice
having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 3.4, 3.5 and 3.6. 

[Remainder of Page Intentionally Left Blank] 
  

 34 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of
the day and year first above written. 
  

			
	CORCEPT THERAPEUTICS INCORPORATED
		
	 By:
	 	  

		 	Name:
		 	Its:
	
	 [Name of Trustee]

		
	 By:
	 	  

		 	Name:
		 	Its:

  

 35Amended and Restated Credit Agreement

 Exhibit 10.1 

$850,000,000 REVOLVING CREDIT FACILITY 

AMENDED AND RESTATED CREDIT AGREEMENT 

by and among 

PVR FINCO LLC, as Borrower 

and 

THE GUARANTORS PARTY HERETO 

and 
 THE
LENDERS PARTY HERETO 
 and 

PNC BANK, NATIONAL ASSOCIATION, 

as Administrative Agent 

and 

PNC CAPITAL MARKETS LLC, 

RBC CAPITAL MARKETS 

and

WELLS FARGO BANK, N.A. 

as Lead Arrangers 

and 

RBC CAPITAL MARKETS 

and

WELLS FARGO BANK, N.A., 

as Co-Syndication Agents 

and 

BANK OF AMERICA, N.A., 

SUNTRUST BANK, 

BNP PARIBAS,

BRANCH BANKING AND TRUST COMPANY 

and

UNION BANK 

as Co-Documentation Agents 

Dated as of August 13, 2010 

 TABLE OF CONTENTS 

 

									
	1.	  	CERTAIN DEFINITIONS	  	1
		  	1.1	  	Certain Definitions	  	1
		  	1.2	  	Construction	  	27
		  		  	1.2.1	  	Number; Inclusion	  	27
		  		  	1.2.2	  	Determination	  	27
		  		  	1.2.3	  	Agent’s Discretion and Consent	  	27
		  		  	1.2.4	  	Documents Taken as a Whole	  	27
		  		  	1.2.5	  	Headings	  	27
		  		  	1.2.6	  	Implied References to this Agreement	  	27
		  		  	1.2.7	  	Persons	  	28
		  		  	1.2.8	  	Modifications to Documents	  	28
		  		  	1.2.9	  	From, To and Through	  	28
		  		  	1.2.10	  	Shall; Will	  	28
		  	1.3	  	Accounting Principles	  	28
			
	2.	  	REVOLVING CREDIT FACILITY AND SWING LOAN FACILITY	  	29
		  	2.1	  	Commitments	  	29
		  		  	2.1.1	  	Loans	  	29
		  		  	2.1.2	  	Swing Loan Commitment	  	29
		  	2.2	  	Nature of Lenders’ Obligations with Respect to Loans	  	29
		  	2.3	  	Commitment Fees	  	29
		  	2.4	  	Swing Loan Requests	  	30
		  	2.5	  	Loan Requests	  	30
		  	2.6	  	Making Loans and Swing Loans	  	31
		  		  	2.6.1	  	Making Loans	  	31
		  		  	2.6.2	  	Making Swing Loans	  	31
		  	2.7	  	Notes; Swing Loan Note	  	31
		  	2.8	  	Borrowings to Repay Swing Loans	  	31
		  	2.9	  	Letter of Credit Subfacility	  	32
		  		  	2.9.1	  	Issuance of Letters of Credit	  	32
		  		  	2.9.2	  	Letter of Credit Fees	  	32
		  		  	2.9.3	  	Disbursements, Reimbursement	  	33
		  		  	2.9.4	  	Repayment of Participation Advances	  	34
		  		  	2.9.5	  	Documentation	  	34
		  		  	2.9.6	  	Determinations to Honor Drawing Requests	  	35
		  		  	2.9.7	  	Nature of Participation and Reimbursement Obligations	  	35
		  		  	2.9.8	  	Indemnity	  	36
		  		  	2.9.9	  	Liability for Acts and Omissions	  	37
		  	2.10	  	Increase in Commitments	  	38
		  		  	2.10.1	  	Increasing Lenders and New Lenders	  	38
		  		  	2.10.2	  	Treatment of Outstanding Loans and Letters of Credit	  	40
			
	3.	  	INTEREST RATES	  	40
		  	3.1	  	Interest Rate Options	  	40

									
		  		  	3.1.1	  	Interest Rate Options	  	41
		  		  	3.1.2	  	Rate Quotations	  	41
		  	3.2	  	Interest Periods	  	41
		  		  	3.2.1	  	Renewals	  	41
		  	3.3	  	Interest After Default	  	41
		  		  	3.3.1	  	Letter of Credit Fees, Interest Rate	  	41
		  		  	3.3.2	  	Other Obligations	  	42
		  		  	3.3.3	  	Acknowledgment	  	42
		  	3.4	  	Euro-Rate Unascertainable; Illegality; Increased Costs; Deposits Not Available	  	42
		  		  	3.4.1	  	Unascertainable	  	42
		  		  	3.4.2	  	Illegality; Increased Costs; Deposits Not Available	  	42
		  		  	3.4.3	  	Agent’s and Lender’s Rights	  	43
		  	3.5	  	Selection of Interest Rate Options	  	43
			
	4.	  	PAYMENTS	  	43
		  	4.1	  	Payments	  	43
		  		  	4.1.1	  	Payment Requirements	  	43
		  	4.2	  	Pro Rata Treatment of Lenders	  	44
		  	4.3	  	Interest Payment Dates	  	44
		  	4.4	  	Voluntary Prepayments	  	45
		  		  	4.4.1	  	Right to Prepay	  	45
		  		  	4.4.2	  	Replacement of a Lender	  	45
		  		  	4.4.3	  	Change of Lending Office	  	46
		  		  	4.4.4	  	Reduction of Commitment	  	46
		  	4.5	  	Mandatory Prepayments	  	47
		  		  	4.5.1	  	Sale of Assets	  	47
		  		  	4.5.2	  	Debt or Equity Offering	  	47
		  		  	4.5.3	  	Insurance or Condemnation Proceeds	  	47
		  		  	4.5.4	  	Purchase Price Adjustment	  	47
		  		  	4.5.5	  	Application of Prepayments on and Reduction in Commitments	  	47
		  		  	4.5.6	  	Application Among Interest Rate Options	  	48
		  	4.6	  	Additional Compensation in Certain Circumstances	  	48
		  		  	4.6.1	  	Increased Costs or Reduced Return Resulting from Taxes, Reserves, Capital Adequacy Requirements, Expenses, Etc.	  	48
		  		  	4.6.2	  	Indemnity	  	49
		  	4.7	  	Settlement Date Procedures	  	49
			
	5.	  	REPRESENTATIONS AND WARRANTIES	  	50
		  	5.1	  	Representations and Warranties	  	50
		  		  	5.1.1	  	Organization and Qualification	  	50
		  		  	5.1.2	  	Ownership	  	50
		  		  	5.1.3	  	Subsidiaries	  	50
		  		  	5.1.4	  	Power and Authority	  	51
		  		  	5.1.5	  	Validity and Binding Effect	  	51
		  		  	5.1.6	  	No Conflict	  	51

  

 ii 

									
		  		  	5.1.7	  	Litigation	  	52
		  		  	5.1.8	  	Title to Properties	  	52
		  		  	5.1.9	  	Financial Statements	  	52
		  		  	5.1.10	  	Use of Proceeds; Margin Stock; Section 20 Subsidiaries	  	53
		  		  	5.1.11	  	Full Disclosure	  	53
		  		  	5.1.12	  	Taxes	  	53
		  		  	5.1.13	  	Consents and Approvals	  	54
		  		  	5.1.14	  	No Event of Default; Compliance with Instruments	  	54
		  		  	5.1.15	  	Patents, Trademarks, Copyrights, Licenses, Etc.	  	54
		  		  	5.1.16	  	Solvency	  	54
		  		  	5.1.17	  	Reserved	  	55
		  		  	5.1.18	  	Insurance	  	55
		  		  	5.1.19	  	Compliance with Laws	  	55
		  		  	5.1.20	  	Material Contracts; Burdensome Restrictions	  	55
		  		  	5.1.21	  	Investment Companies; Regulated Entities	  	56
		  		  	5.1.22	  	Plans and Benefit Arrangements	  	56
		  		  	5.1.23	  	Reserved	  	56
		  		  	5.1.24	  	Environmental Matters	  	56
		  		  	5.1.25	  	Senior Debt Status	  	58
		  		  	5.1.26	  	Anti-Terrorism Laws	  	58
		  		  	5.1.27	  	Tax Treatment of Parent	  	59
		  		  	5.1.28	  	Security Interests	  	59
		  		  	5.1.29	  	Mortgage Liens	  	60
		  		  	5.1.30	  	Status of the Pledged Collateral	  	60
		  	5.2	  	Updates to Schedules	  	60
			
	6.	  	CONDITIONS OF LENDING AND ISSUANCE OF LETTERS OF CREDIT	  	61
		  	6.1	  	First Loans and Letters of Credit	  	61
		  		  	6.1.1	  	Officer’s Certificate	  	61
		  		  	6.1.2	  	Secretary’s Certificate	  	61
		  		  	6.1.3	  	Delivery of Loan Documents	  	62
		  		  	6.1.4	  	Opinion of Counsel	  	62
		  		  	6.1.5	  	Legal Details	  	62
		  		  	6.1.6	  	Payment of Fees	  	62
		  		  	6.1.7	  	Environmental Matters	  	62
		  		  	6.1.8	  	Insurance Policies; Certificates of Insurance; Endorsements	  	63
		  		  	6.1.9	  	Consents	  	63
		  		  	6.1.10	  	Officer’s Certificate Regarding MACs	  	63
		  		  	6.1.11	  	No Violation of Laws	  	63
		  		  	6.1.12	  	No Actions or Proceedings	  	63
		  		  	6.1.13	  	Reserved	  	64
		  		  	6.1.14	  	Lien Search; Filing Receipts; Pledged Shares	  	64
		  		  	6.1.15	  	Projections	  	64
		  		  	6.1.16	  	Refinancing of Prior Credit Agreement	  	64
		  		  	6.1.17	  	Solvency Certificate	  	64
		  	6.2	  	Each Additional Loan or Letter of Credit	  	64

  

 iii 

									
	7.	  	COVENANTS	  	65
		  	7.1	  	Affirmative Covenants	  	65
		  		  	7.1.1	  	Preservation of Existence, Etc.	  	65
		  		  	7.1.2	  	Payment of Liabilities, Including Taxes, Etc.	  	65
		  		  	7.1.3	  	Maintenance of Insurance	  	65
		  		  	7.1.4	  	Maintenance of Properties and Leases	  	66
		  		  	7.1.5	  	Maintenance of Patents, Trademarks, Etc.	  	66
		  		  	7.1.6	  	Visitation Rights	  	66
		  		  	7.1.7	  	Keeping of Records and Books of Account	  	66
		  		  	7.1.8	  	Compliance with Laws	  	67
		  		  	7.1.9	  	Use of Proceeds	  	67
		  		  	7.1.10	  	Further Assurances	  	67
		  		  	7.1.11	  	Subordination of Intercompany Loans	  	67
		  		  	7.1.12	  	Anti-Terrorism Laws	  	67
		  		  	7.1.13	  	Collateral and Additional Collateral; Execution and Delivery of Additional Security Documents	  	68
		  		  	7.1.14	  	Unrestricted Subsidiaries	  	68
		  		  	7.1.15	  	Guaranties by Certain Subsidiaries of the Loan Parties	  	69
		  	7.2	  	Negative Covenants	  	69
		  		  	7.2.1	  	Indebtedness	  	69
		  		  	7.2.2	  	Liens	  	70
		  		  	7.2.3	  	Guaranties	  	70
		  		  	7.2.4	  	Loans and Investments	  	70
		  		  	7.2.5	  	Dividends and Related Distributions	  	71
		  		  	7.2.6	  	Liquidations, Mergers, Consolidations, Acquisitions	  	71
		  		  	7.2.7	  	Dispositions of Assets or Subsidiaries	  	72
		  		  	7.2.8	  	Affiliate Transactions	  	73
		  		  	7.2.9	  	Subsidiaries	  	74
		  		  	7.2.10	  	Continuation of or Change in Business; Parent Holding Company Status	  	74
		  		  	7.2.11	  	Reserved	  	75
		  		  	7.2.12	  	Fiscal Year	  	75
		  		  	7.2.13	  	Issuance of Stock	  	75
		  		  	7.2.14	  	Changes in Organizational Documents; MLP Agreement	  	75
		  		  	7.2.15	  	Operating Leases	  	75
		  		  	7.2.16	  	Maximum Leverage Ratio	  	75
		  		  	7.2.17	  	Minimum Interest Coverage Ratio	  	76
		  		  	7.2.18	  	Maximum Secured Leverage Ratio	  	76
		  		  	7.2.19	  	No Limitation on Dividends and Distributions	  	76
		  		  	7.2.20	  	Negative Pledges	  	76
		  		  	7.2.21	  	Restrictions on Unrestricted Subsidiaries	  	77
		  		  	7.2.22	  	Designation and Conversion of Restricted and Unrestricted Subsidiaries; Indebtedness of Unrestricted Subsidiaries	  	77
		  	7.3	  	Reporting Requirements	  	78
		  		  	7.3.1	  	Quarterly Financial Statements	  	78
		  		  	7.3.2	  	Annual Financial Statements	  	78

  

 iv 

									
		  		  	7.3.3	  	Certificate of the Borrower	  	78
		  		  	7.3.4	  	Notice of Default	  	79
		  		  	7.3.5	  	Notice of Litigation	  	79
		  		  	7.3.6	  	Certain Events	  	79
		  		  	7.3.7	  	Budgets, Forecasts, Other Reports and Information	  	79
			
	8.	  	DEFAULT	  	80
		  	8.1	  	Events of Default	  	80
		  		  	8.1.1	  	Payments Under Loan Documents	  	80
		  		  	8.1.2	  	Breach of Warranty	  	80
		  		  	8.1.3	  	Breach of Negative Covenants, Visitation Rights or Delivery of Security Documents	  	81
		  		  	8.1.4	  	Breach of Other Covenants	  	81
		  		  	8.1.5	  	Defaults in Other Agreements or Indebtedness	  	81
		  		  	8.1.6	  	Final Judgments or Orders	  	81
		  		  	8.1.7	  	Loan Document Unenforceable	  	81
		  		  	8.1.8	  	Uninsured Losses; Proceedings Against Assets	  	82
		  		  	8.1.9	  	Notice of Lien or Assessment; Events relating to Plans and Benefit Arrangements	  	82
		  		  	8.1.10	  	Insolvency	  	82
		  		  	8.1.11	  	Cessation of Business	  	82
		  		  	8.1.12	  	Change of Control	  	83
		  		  	8.1.13	  	Involuntary Proceedings	  	83
		  		  	8.1.14	  	Voluntary Proceedings	  	83
		  	8.2	  	Consequences of Event of Default	  	83
		  		  	8.2.1	  	Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings	  	83
		  		  	8.2.2	  	Bankruptcy, Insolvency or Reorganization Proceedings	  	84
		  		  	8.2.3	  	Set-off	  	84
		  		  	8.2.4	  	Suits, Actions, Proceedings	  	84
		  		  	8.2.5	  	Application of Proceeds; Collateral Sharing	  	85
		  		  	8.2.6	  	Other Rights and Remedies	  	86
		  	8.3	  	Notice of Sale	  	86
			
	9.	  	THE AGENT	  	87
		  	9.1	  	Appointment	  	87
		  	9.2	  	Delegation of Duties	  	87
		  	9.3	  	Nature of Duties; Independent Credit Investigation	  	87
		  	9.4	  	Actions in Discretion of Agent; Instructions From the Lenders	  	88
		  	9.5	  	Reimbursement and Indemnification of Agent by the Borrower	  	88
		  	9.6	  	Exculpatory Provisions; Limitation of Liability	  	89
		  	9.7	  	Reimbursement and Indemnification of Agent by Lenders	  	90
		  	9.8	  	Reliance by Agent	  	90
		  	9.9	  	Notice of Default	  	90
		  	9.10	  	Notices	  	90
		  	9.11	  	Lenders in Their Individual Capacities; Agent in its Individual Capacity	  	91

  

 v 

									
		  	9.12	  	Holders of Notes	  	91
		  	9.13	  	Equalization of Lenders	  	91
		  	9.14	  	Successor Agent	  	92
		  	9.15	  	Agent’s Fee	  	93
		  	9.16	  	Availability of Funds	  	93
		  	9.17	  	Calculations	  	93
		  	9.18	  	No Reliance on Agent’s Customer Identification Program	  	93
		  	9.19	  	Beneficiaries	  	94
		  	9.20	  	Certain Releases of Guarantors and Collateral	  	94
			
	10.	  	MISCELLANEOUS	  	94
		  	10.1	  	Modifications, Amendments or Waivers	  	94
		  		  	10.1.1	  	Increase of Commitment; Extension of Expiration Date	  	95
		  		  	10.1.2	  	Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment	  	95
		  		  	10.1.3	  	Release of Collateral or Guarantor	  	95
		  		  	10.1.4	  	Miscellaneous	  	95
		  	10.2	  	No Implied Waivers; Cumulative Remedies; Writing Required	  	96
		  	10.3	  	Reimbursement and Indemnification of Lenders by the Borrower; Taxes	  	96
		  	10.4	  	Holidays	  	97
		  	10.5	  	Funding by Branch, Subsidiary or Affiliate	  	97
		  		  	10.5.1	  	Notional Funding	  	97
		  		  	10.5.2	  	Actual Funding	  	97
		  	10.6	  	Notices	  	98
		  	10.7	  	Severability	  	99
		  	10.8	  	Governing Law	  	99
		  	10.9	  	Prior Understanding	  	99
		  	10.10	  	Duration; Survival	  	99
		  	10.11	  	Successors and Assigns	  	100
		  	10.12	  	Confidentiality	  	101
		  		  	10.12.1	  	General	  	101
		  		  	10.12.2	  	Sharing Information With Affiliates of the Lenders	  	101
		  	10.13	  	Counterparts	  	101
		  	10.14	  	Agent’s or Lender’s Consent	  	102
		  	10.15	  	Exceptions	  	102
		  	10.16	  	CONSENT TO FORUM; WAIVER OF JURY TRIAL	  	102
		  	10.17	  	Certifications From Lenders and Participants	  	102
		  		  	10.17.1	  	Tax Withholding	  	102
		  		  	10.17.2	  	USA Patriot Act	  	103
		  	10.18	  	Joinder of Guarantors	  	103
		  	10.19	  	Limitation on Recourse to General Partner	  	104

  

 vi 

 TABLE OF CONTENTS 

LIST OF SCHEDULES AND EXHIBITS 
  

					
	SCHEDULES	  		  	
			
	SCHEDULE 1.1(A)	  	-	  	PRICING GRID
	SCHEDULE 1.1(B)	  	-	  	COMMITMENTS OF LENDERS AND ADDRESSES FOR NOTICES
	SCHEDULE 1.1(P)	  	-	  	PERMITTED LIENS
	SCHEDULE 1.1.(R)	  	-	  	REAL PROPERTY SUBJECT TO AN EXISTING MORTGAGE
	SCHEDULE 2.9.1	  	-	  	EXISTING LETTERS OF CREDIT
	SCHEDULE 5.1.3	  	-	  	SUBSIDIARIES
	SCHEDULE 5.1.13	  	-	  	CONSENTS AND APPROVALS
	SCHEDULE 5.1.24	  	-	  	ENVIRONMENTAL MATTERS
	SCHEDULE 7.1.3	  	-	  	INSURANCE REQUIREMENTS
	SCHEDULE 7.2.1	  	-	  	PERMITTED INDEBTEDNESS
	  
 EXHIBITS
	  		  	
			
	EXHIBIT 1.1(A)	  	-	  	ASSIGNMENT AND ASSUMPTION AGREEMENT
	EXHIBIT 1.1(G)(1)	  	-	  	GUARANTOR JOINDER
	EXHIBIT 1.1(G)(2)	  	-	  	GUARANTY AGREEMENT
	EXHIBIT 1.1(G)(3)	  	-	  	PARENT GUARANTY AGREEMENT
	EXHIBIT 1.1(I)(1)	  	-	  	INDEMNITY
	EXHIBIT 1.1(I)(2)	  	-	  	INTERCOMPANY SUBORDINATION AGREEMENT
	EXHIBIT 1.1(M)(1)	  	-	  	MORTGAGE AGREEMENT
	EXHIBIT 1.1(M)(2)	  	-	  	MORTGAGE AMENDMENT
	EXHIBIT1.1(P)(2)	  	-	  	PLEDGE AGREEMENT
	EXHIBIT 1.1(R)	  	-	  	NOTE
	EXHIBIT 1.1(S)(1)	  	-	  	SECURITY AGREEMENT
	EXHIBIT 1.1(S)(2)	  	-	  	SWING LOAN NOTE
	EXHIBIT 2.4	  	-	  	SWING LOAN REQUEST
	EXHIBIT 2.5	  	-	  	LOAN REQUEST
	EXHIBIT 2.10(A)	  	-	  	COMMITMENT INCREASE AGREEMENT
	EXHIBIT 2.10(B)	  	-	  	LENDER JOINDER AND ASSUMPTION AGREEMENT
	EXHIBIT 7.3.3	  	-	  	QUARTERLY COMPLIANCE CERTIFICATE

 AMENDED AND RESTATED CREDIT AGREEMENT 

THIS AMENDED AND RESTATED CREDIT AGREEMENT is dated as of August 13, 2010 and is made by and among PVR FINCO LLC, a Delaware limited
liability company (the “Borrower”), EACH OF THE GUARANTORS (as hereinafter defined), the LENDERS (as hereinafter defined), and BANK OF AMERICA, N.A., SUNTRUST BANK, BNP PARIBAS, BRANCH BANKING AND TRUST COMPANY and
UNION BANK, each in their capacity as co-documentation agents, and PNC BANK, NATIONAL ASSOCIATION, in its capacity as administrative agent for the Lenders under this Agreement (hereinafter referred to in such capacity as the
“Agent”). 
 WITNESSETH: 

WHEREAS, certain of the Lenders provided a revolving credit facility to the Borrower pursuant to an Amended and Restated Credit Agreement
dated as of August 5, 2008, as amended pursuant to that First Amendment dated as of March 27, 2009 and that Second Amendment dated as of June 7, 2010 (as so amended, the “Prior Credit Agreement”); and 

WHEREAS, Borrower has requested the Lenders to amend and restate the Prior Credit Agreement to provide a revolving credit facility to the
Borrower in an aggregate principal amount not to exceed $850,000,000 as such amount may be increased or decreased pursuant to the terms of this Agreement; and 

WHEREAS, the revolving credit facility shall be used for the refinancing of the Prior Credit Agreement, for fees and expenses in
connection with the refinancing, for Permitted Acquisitions and fees and expenses in connection therewith, for issuance of Letters of Credit hereunder and for working capital and general corporate purposes of the Loan Parties and Restricted
Subsidiaries, including Quarterly Distributions; and 
 WHEREAS, the Lenders are willing to provide such credit upon the terms
and conditions hereinafter set forth; 
 NOW, THEREFORE, the parties hereto, in consideration of their mutual covenants and
agreements hereinafter set forth and intending to be legally bound hereby, covenant and agree as follows: 
 1. CERTAIN
DEFINITIONS 
 1.1 Certain Definitions. 

In addition to words and terms defined elsewhere in this Agreement, the following words and terms shall have the following meanings,
respectively, unless the context hereof clearly requires otherwise: 
 Affiliate as to any Person shall mean any other
Person (i) which directly or indirectly controls, is controlled by, or is under common control with such Person, (ii) which 

 
beneficially owns or holds 15% or more of any class of the voting or other equity interests of such Person, or (iii) 15% or more of any class of voting interests or other equity interests of
which is beneficially owned or held, directly or indirectly, by such Person. Control, as used in this definition, shall mean 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 ownership of voting securities, by contract or otherwise, including the power to elect a majority of the directors or trustees of a corporation or trust, as the case may be. 

Agent shall mean PNC Bank, National Association, and its successors and assigns in its capacity as the administrative agent for
the Lenders. 
 Agent’s Fee shall have the meaning assigned to that term in Section 9.15. 

Agent’s Letter shall have the meaning assigned to that term in Section 9.15. 

Agreement shall mean this Amended and Restated Credit Agreement, as the same may be supplemented or amended from time to time,
including all schedules and exhibits. 
 Ancillary Security Documents shall mean all documents, instruments,
environmental reports, agreements, endorsements, policies and certificates requested by the Agent and customarily delivered by any property owner in connection with a mortgage financing. Without limiting the generality of the foregoing, examples of
Ancillary Security Documents would include insurance policies (other than title insurance) or certificates regarding any collateral, lien searches, estoppel letters, flood insurance certifications, environmental audits which shall meet the
Agent’s minimum requirements for phase I environmental assessments or phase II environmental assessments, as applicable, opinions of counsel and the like. 

Anti-Terrorism Laws shall mean any Laws relating to terrorism or money laundering, including Executive Order No. 13224, the
USA Patriot Act, the Laws comprising or implementing the Bank Secrecy Act and the Laws administered by the United States Treasury Department’s Office of Foreign Asset Control (as any of the foregoing Laws may from time to time be amended,
renewed, extended or replaced). 
 Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the
Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.” 

Applicable Margin shall mean, as applicable: 

(i) the percentage margin to be added to the Base Rate under the Base Rate Option for the applicable type of Loan based on the Leverage
Ratio of the Loan Parties then in effect according to the pricing grid on Schedule 1.1(A) below the “Base Rate Margin” heading; or 
  

 2 

 (ii) the percentage margin to be added to the Euro-Rate under the Euro-Rate Option for the
applicable type of Loan based on the Leverage Ratio of the Loan Parties then in effect according to the pricing grid on Schedule 1.1(A) below the “Euro-Rate Margin” heading. 

Any change in the Applicable Margin shall be based upon the financial statements and compliance certificates provided pursuant to
Sections 7.3.1 [Quarterly Financial Statements] and 7.3.2 [Annual Financial Statements] and shall become effective on the date such financial statements are due in accordance with Section 7.3.3 [Certificate of the Borrower]. 

Assignment and Assumption Agreement shall mean an Assignment and Assumption Agreement by and among a Purchasing Lender, a
Transferor Lender and the Agent, as Agent and on behalf of the remaining Lenders, substantially in the form of Exhibit 1.1(A). 

Authorized Officer shall mean those individuals, designated by written notice to the Agent from the Borrower, authorized to
execute notices, reports and other documents on behalf of the Loan Parties required hereunder. The Borrower may amend such list of individuals from time to time by giving written notice of such amendment to the Agent. 

Available Cash shall have the meaning set forth in the MLP Agreement on the Closing Date. 

Base Rate shall mean, for any day, a per annum rate of interest equal to the highest of (a) the Federal Funds Open Rate plus
0.5%, and (b) the Prime Rate, and (c) the Daily LIBOR Rate, plus 100 basis points (1.0%). Any change in the Base Rate (or an component thereof) shall take effect at the opening of business on the day such change occurs. 

Base Rate Option shall mean the option of the Borrower to have Loans bear interest at the rate and under the terms and conditions
set forth in Section 3.1.1(i). 
 Benefit Arrangement shall mean at any time an “employee benefit plan”
within the meaning of Section 3(3) of ERISA, which is neither a Plan nor a Multiemployer Plan and which is maintained, sponsored or otherwise contributed to by any member of the ERISA Group. 

Blocked Person shall have the meaning assigned to such term in Section 5.1.26.2. 

Borrower shall have the meaning assigned to such term in the introductory paragraph hereof. 

Borrowing Date shall mean, with respect to any Loan, the date for the making thereof or the renewal or conversion thereof at or
to the same or a different Interest Rate Option, which shall be a Business Day. 
 Borrowing Tranche shall mean
specified portions of Loans outstanding as follows: (i) any Loans to which a Euro-Rate Option applies which become subject to the same 

 

 3 

 
Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche and (ii) all Loans to which a Base Rate Option
applies shall constitute one Borrowing Tranche. 
 Business Day shall mean any day other than a Saturday or Sunday or a
legal holiday on which commercial banks are authorized or required to be closed for business in Pittsburgh, Pennsylvania or New York, New York and if the applicable Business Day relates to any Loan to which the Euro-Rate Option applies, such day
must also be a day on which dealings are carried on in the London interbank market. 
 CH Provider shall have the
meaning set forth in Section 8.2.5.2. 
 Change of Control shall mean: 

(i) the Parent shall fail to own, directly or indirectly, 100% of the member interests of the Borrower; 

(ii) Any sale, lease, exchange or other transfer (in one or a series of related transactions) of all or substantially all of the assets
of the PVG General Partner, PVG, the General Partner or Parent to any Person other than Borrower or its Affiliates; 
 (iii)
Any Person or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) other than Borrower or its Affiliates becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or
indirectly, of (A) equity securities of the PVG General Partner or the General Partner representing more than 50% of the combined voting power of the PVG General Partner or the General Partner or (B) equity securities of PVG or the Parent
representing more than 75% of the combined voting power of PVG or the Parent; or 
 (iv) The equity security holders of PVG,
the General Partner or the Parent approve the consummation of a merger or consolidation of PVG, the General Partner or the Parent with any other entity, other than a merger or consolidation (A) with PVG, the Parent, the Borrower or any other
Subsidiary of PVG or the Parent or (B) which would result in the voting securities of PVG, the General Partner or the Parent immediately outstanding prior thereto continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving entity) at least 75% of the combined voting power of PVG, the General Partner and the Parent outstanding immediately after such merger or consolidation. 

CIP Regulations shall have the meaning set forth in Section 9.18. 

Closing Date shall mean the Business Day on which the first Loan shall be made, which shall be August 13, 2010. 

Collateral shall mean the Pledged Collateral, the Real Property, the UCC Collateral and all other property of the Loan Parties
(other than Excluded Property) in which Liens are to be granted under the Security Documents. 
  

 4 

 Collateral Agent shall have the meaning set forth in Section 8.2.5.2. 

Commercial Letter of Credit shall mean any letter of credit which is a commercial letter of credit issued in respect of the
purchase of goods or services by one or more of the Loan Parties in the ordinary course of their business. 
 Commercial
Operation Date shall mean the date on which a Material Project is substantially complete and commercially operable. 

Commitment shall mean, as to any Lender the aggregate of its commitment as set forth opposite its name on Schedule 1.1(B) in the
column labeled “Amount of Commitment for Loans” as such Schedule is amended, modified or supplemented in accordance with the terms hereof, including as amended by the most recent Assignment and Assumption Agreement and, in the case of the
Agent, its Swing Loan Commitment and Commitments shall mean the aggregate Commitments and Swing Loan Commitments of all of the Lenders. 

Commitment Fee shall have the meaning assigned to that term in Section 2.3. 

Commitment Increase Date shall have the meaning set forth in Section 2.10.1. 

Commodity Hedge shall mean a price protection agreement related to crude oil, diesel fuel, heating oil, coal, SO2 allowances,
natural gas, natural gas liquids or other commodities and entered into by the Loan Parties for hedging purposes in the ordinary course of the operations of their business (and not for speculation). 

Compliance Certificate shall have the meaning assigned to such term in Section 7.3.3. 

Consideration shall mean with respect to any Permitted Acquisition, the aggregate of (i) the cash paid by any of the Loan
Parties, directly or indirectly, to the seller in connection therewith, (ii) the Indebtedness incurred or assumed by any of the Loan Parties, whether in favor of the seller or otherwise and whether fixed or contingent, (iii) any Guaranty
given or incurred by any of the Loan Parties in connection therewith and (iv) any other consideration given or obligation incurred by any of the Loan Parties in connection therewith, but excluding any equity securities of a Loan Party given to
the seller in exchange for equity securities of another Loan Party or an Affiliate of a Loan Party. 
 Consolidated
Assets shall mean the Loan Parties’ consolidated assets as reflected in the first financial statements delivered pursuant to Section 7.3.1 subsequent to the Closing Date, and thereafter as reflected in the annual financial statements
delivered pursuant to Section 7.3.2. 
 Consolidated EBITDA shall mean, for any period of determination, Consolidated
Net Income for such period, (x) excluding therefrom (A) any non-cash items of gain or loss (including without limitation (i) those items created by mandated changes in 

 

 5 

 
accounting treatment or (ii) any impairment charge or asset write-off related to intangible assets (including good-will), long-lived assets, and investments in debt and equity securities
pursuant to GAAP, but excluding any non-cash charge that results in an accrual of a reserve for cash charges in any future period) and (B) any gain or loss of any other Person accounted for on the equity method, except to the extent of cash
distributions received during the relevant period plus (y) the aggregate amounts deducted in determining Consolidated Net Income for such period in respect of (i) Consolidated Interest Expense, (ii) income taxes, (iii) depletion
and depreciation expense, (iv) amortization expense and (v) up to $7,500,000 in the aggregate of actual transition expenses incurred in the fiscal years 2010 and 2011 (including, without limitation, a one-time non-cash charge for the
vesting of equity awards related to the separation from PVA); provided, however, that for the purposes of this definition, (1) with respect to (a) a business acquired by the Loan Parties pursuant to a Permitted Acquisition or
Unrestricted Subsidiaries redesignated as Restricted Subsidiaries pursuant to Section 7.2.21, Consolidated EBITDA shall be calculated on a pro forma basis (in a manner reasonably acceptable to the Agent) as if such Permitted Acquisition or
redesignation had been consummated at the beginning of such period, (2) with respect to a business or assets disposed of by the Loan Parties pursuant to Section 7.2.7 hereof or Loan Parties redesignated as Unrestricted Subsidiaries
pursuant to Section 7.2.21, Consolidated EBITDA shall be calculated as if such disposition or redesignation had been consummated at the beginning of such period and (3) to the extent that the computation of Consolidated EBITDA includes a
gain or loss with respect to a Hedging Transaction, Consolidated EBITDA shall be (a) increased by any non-cash items of loss arising from Hedging Transactions net of any actual cash payments related to the items(s) giving rise to the loss and
(b) decreased by any non-cash items of gain arising from Hedging Transactions net of any actual cash payments related to the items(s) giving rise to the gain and (4) at Borrower’s election and in the event that a Loan Party or any of
its Restricted Subsidiaries undertakes a Material Project, the Loan Parties may add a Material Project Consolidated EBITDA Adjustment to Consolidated EBITDA. 

Consolidated Interest Expense shall mean for any period of determination, for the Parent and its Restricted Subsidiaries on a
consolidated basis, the sum of all interest (including the interest portion of any capitalized lease obligations) and letter of credit fees or commissions due and payable by the Parent and its consolidated Restricted Subsidiaries with regard to
Indebtedness for such period. 
 Consolidated Net Income shall mean the net income (or deficit) of the Parent and its
Restricted Subsidiaries on a consolidated basis, for the period in question, after deducting all operating expenses, provisions for all taxes and reserves (including reserves for all deferred income taxes) and all other proper deductions, all
determined on a consolidated basis. 
 Consolidated Secured Indebtedness shall mean Consolidated Total Indebtedness of
the Parent and its Restricted Subsidiaries on a consolidated basis determined and consolidated in accordance with GAAP which is secured by a Lien on real or personal property of the Parent or its Restricted Subsidiaries. 

Consolidated Total Indebtedness shall mean the Indebtedness of the Parent and its Restricted Subsidiaries on a consolidated basis
determined and consolidated in accordance with GAAP. Indebtedness as calculated hereunder shall exclude (a) any surety bonds 

 

 6 

 
under clause (iii) of the definition of Indebtedness and (b) net obligations under clause (iv) of the definition of Indebtedness (exclusive of any mark-to-market adjustment not
requiring any actual cash payment or settlement). 
 Contamination shall mean the presence or release or threat of
release of Regulated Substances in, on, under or emanating to or from the Real Property, which pursuant to Environmental Laws requires notification or reporting to an Official Body, or which pursuant to Environmental Laws requires the investigation,
cleanup, removal, remediation, containment, abatement of or other response action or which otherwise constitutes a violation of Environmental Laws. 

Defaulting Lender shall mean any Lender that (a) has failed to fund any portion of the Loans, participations with respect to
Letters of Credit, or participations in Swing Loans required to be funded by it hereunder within one Business Day of the date required to be funded by it hereunder unless such failure has been cured and all interest accruing as a result of such
failure has been fully paid in accordance with the terms hereof, (b) has otherwise failed to pay over to the Agent or any other Lender any other amount required to be paid by it hereunder within one Business Day of the date when due, unless
such failure is the subject of a good faith dispute or unless such failure has been cured and all interest accruing as a result of such failure has been fully paid in accordance with the terms hereof, (c) has failed to comply with the
provisions of Section 9.13 with respect to purchasing participations in cash from the other Lenders, whereby such Lender’s share of any payment received, whether by setoff or otherwise, is in excess of its Ratable Share of such payments
due and payable to all of the Lenders, or (d) has since the date of this Agreement been deemed insolvent by any Official Body or become the subject of a bankruptcy, receivership, conservatorship or insolvency proceeding, or has a parent company
that since the date of this Agreement been deemed insolvent by any Official Body or become the subject of a bankruptcy, receivership, conservatorship or insolvency proceeding. 

Dollar, Dollars, U.S. Dollars and the symbol $ shall mean lawful money of the United States of America. 

Drawing Date shall have the meaning assigned to that term in Section 2.9.3.2. 

Environmental Complaint shall mean any written complaint by any Person or Official Body setting forth a cause of action for
personal injury or property damage, natural resource damage, contribution or indemnity for response costs, civil or administrative penalties, criminal fines or penalties, or declaratory or equitable relief arising under any Environmental Laws or any
order, notice of violation, citation, subpoena, request for information or other written notice or demand of any type issued by an Official Body pursuant to any Environmental Laws. 

Environmental Laws shall mean all federal, state, local and foreign Laws and any consent decrees, settlement agreements,
judgments, orders, directives or policies or programs having the force and effect of law issued by or entered into with an Official Body pertaining or relating to: (i) pollution or pollution control; (ii) protection of human health or the

  

 7 

 
environment; (iii) employee safety in the workplace; (iv) the presence, use, management, generation, manufacture, processing, extraction, treatment, recycling, refining, reclamation,
labeling, transport, storage, collection, distribution, disposal or release or threat of release of Regulated Substances; (v) the presence of Contamination; (vi) the protection of endangered or threatened species and (vii) the
protection of Environmentally Sensitive Areas. 
 Environmentally Sensitive Area shall mean (i) any wetland as
defined by applicable Environmental Laws; (ii) any area designated as a coastal zone pursuant to applicable Laws, including Environmental Laws; (iii) any area of historic or archeological significance or scenic area as defined or
designated by applicable Laws, including Environmental Laws; (iv) habitats of endangered species or threatened species as designated by applicable Laws, including Environmental Laws or (v) a floodplain or other flood hazard area as defined
pursuant to any applicable Laws. 
 ERISA shall mean the Employee Retirement Income Security Act of 1974, as the same
may be amended or supplemented from time to time, and any successor statute of similar import, and the rules and regulations thereunder, as from time to time in effect. 

ERISA Event shall mean (a) a reportable event (under Section 4043 of ERISA and regulations thereunder) with respect to
a Pension Plan; (b) a withdrawal by any member of the ERISA Group from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a
cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by any member of the ERISA Group from a Multiemployer Plan or notification that a Multiemployer Plan is in
reorganization; (d) the filing of a notice of intent to terminate, the treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or
Multiemployer Plan; (e) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the imposition
of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any member of the ERISA Group. 

ERISA Group shall mean, at any time, the Borrower and all members of a controlled group of corporations and all trades or
businesses (whether or not incorporated) under common control and all other entities which, together with the Borrower, are treated as a single employer under Section 414 of the Internal Revenue Code. 

Euro-Rate shall mean, with respect to the Loans comprising any Borrowing Tranche to which the Euro-Rate
Option applies for any Interest Period, the interest rate per annum determined by the Agent by dividing (the resulting quotient rounded upwards, if necessary, to the nearest
 1/100th of 1% per annum) (i) the rate
which appears on Bloomberg Page BBAM1 (or on such other substitute Bloomberg page that displays rates at which U.S. Dollar deposits are offered by leading banks in the London interbank deposit market), or the rate which is quoted by another
source selected by the Agent which has been approved by the British Bankers’ Association as an authorized information vendor for the purpose of displaying rates at 

 

 8 

 
which U.S. Dollar deposits are offered by leading banks in the London interbank deposit market (for purposes of this definition, an “Alternate Source”), at approximately 11:00 a.m.
London time, two (2) Business Days prior to the commencement of such Interest Period as the London interbank offered rate for U.S. Dollars for an amount comparable to such Borrowing Tranche and having a borrowing date and a maturity comparable
to such Interest Period (or if there shall at any time, for any reason, no longer exist a Bloomberg Page BBAM1 (or any substitute page) or any Alternate Source, a comparable replacement rate determined by the Agent at such time (which determination
shall be conclusive absent manifest error)), by (ii) a number equal to 1.00 minus the Euro-Rate Reserve Percentage. The Euro-Rate may also be expressed by the following formula: 

 

					
		 	London interbank offered rates quoted
		 	by Bloomberg or appropriate successor as shown on
	Euro-Rate =	 	 Bloomberg Page BBAM1
	 	
		 	 1.00 - Euro-Rate Reserve Percentage

The Euro-Rate shall be adjusted with respect to any Loan to which the Euro-Rate Option applies that is outstanding on the effective date of any change in
the Euro-Rate Reserve Percentage as of such effective date. The Agent shall give prompt notice to the Borrower of the Euro-Rate as determined or adjusted in accordance herewith, which determination shall be conclusive absent manifest error.

 Euro-Rate Option shall mean the option of the Borrower to have Loans bear interest at the rate and under the terms
and conditions set forth in Section 3.1.1(ii). 
 Euro-Rate Reserve Percentage shall mean, as of any day, the
maximum percentage in effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any successor), for determining the reserve requirements (including supplemental, marginal and emergency reserve requirements) with
respect to eurocurrency funding (currently referred to as “Eurocurrency Liabilities”). 
 Event of Default
shall mean any of the events described in Section 8.1 and referred to therein as an “Event of Default.” 

Excluded Property shall mean (i) coal or surface interests in real property leased by a Loan Party from non-Loan Party third
parties, (ii) all ownership interests in and assets of Unrestricted Subsidiaries, (iii) all assets of Immaterial Subsidiaries, (iv) vehicles subject to a certificate of title, (v) interests in railcars and moving stock,
(vi) Real Property and improvements thereon with respect to offices located in Charleston, West Virginia and Keystone Gap, West Virginia, (vii) rights, titles and interest under or with respect to any leased office space,
(viii) deposit accounts and (ix) such other real or personal property with respect to which the Agent determines in its sole discretion to forego a security interest or perfection thereof in light of the costs or difficulty in obtaining or
perfecting such Liens. 
  

 9 

 Executive Order No. 13224 shall mean the Executive Order No. 13224 on
Terrorist Financing, effective September 24, 2001, as the same has been, or shall hereafter be, renewed, extended, amended or replaced. 

Existing Lender shall have the meaning set forth in Section 2.10.1. 

Existing Letters of Credit shall have the meaning assigned to that term in Section 2.9.1. 

Expiration Date shall mean, with respect to the Commitments, August 13, 2015. 

Facility Usage shall mean at any time the sum of the Loans outstanding and the Letters of Credit Outstanding. 

Federal Funds Effective Rate for any day shall mean the rate per annum (based on a year of 360 days and
actual days elapsed and rounded upward to the nearest
 1/100 of 1%) announced by the Federal Reserve Bank
of New York (or any successor) on such day as being the weighted average of the rates on overnight federal funds transactions arranged by federal funds brokers on the previous trading day, as computed and announced by such Federal Reserve Bank (or
any successor) in substantially the same manner as such Federal Reserve Bank computes and announces the weighted average it refers to as the “Federal Funds Effective Rate” as of the date of this Agreement; provided, if such Federal
Reserve Bank (or its successor) does not announce such rate on any day, the “Federal Funds Effective Rate” for such day shall be the Federal Funds Effective Rate for the last day on which such rate was announced. 

Federal Funds Open Rate shall mean the rate per annum (based on a year of 360 days and actual days elapsed) which is the daily
federal funds open rate as quoted by ICAP North America, Inc. (or any successor) as set forth on the Bloomberg Screen BTMM for that day opposite the caption “OPEN” (or on such other substitute Bloomberg Screen that displays such rate), or
as set forth on such other recognized electronic source used for the purpose of displaying such rate as selected by the Agent (for the purposes of this definition, an “Alternate Source”) (or if such rate for such day does not appear on
Bloomberg Screen BTMM (or any substitute screen) or any Alternate Source, or if there shall at any time, for any reason, no longer exist a Bloomberg Screen BTMM (or any substitute screen) or any Alternate Source, a comparable replacement rate
determined by the Agent at such time (which determination shall be conclusive absent manifest error); provided, however, that if such day is not a Business Day, the Federal Funds Open Rate for such day shall be the “open”
rate on the immediately preceding Business Day. If and when the Federal Funds Open Rate changes, the rate of interest with respect to any advance to which the Federal Funds Open Rate applies will change automatically without notice to the Borrower,
effective on the date of any such change. 
 Financial Projections shall have the meaning assigned to that term in
Section 5.1.9(ii). 
  

 10 

 GAAP shall mean generally accepted accounting principles as are in effect from time
to time, subject to the provisions of Section 1.3, and applied on a consistent basis both as to classification of items and amounts. 

General Partner shall mean Penn Virginia Resource GP, LLC, a Delaware limited liability company and the sole general partner of
the Parent. 
 Governmental Acts shall have the meaning assigned to that term in Section 2.9.8. 

Guarantor shall mean each of the parties to this Agreement which is designated as a “Guarantor” on the signature page
hereof and each other Person which joins this Agreement as a Guarantor after the date hereof pursuant to Section 10.18. For clarification purposes only, Unrestricted Subsidiaries shall not be Loan Parties hereunder despite the fact that such
Unrestricted Subsidiaries may become Guarantors hereunder pursuant to Section 7.1.15 [Unrestricted Subsidiaries]. 

Guarantor Joinder shall mean a joinder by a Person as a Guarantor under this Agreement, the Guaranty Agreement and the other Loan
Documents in the form of Exhibit 1.1(G)(1). 
 Guaranty of any Person shall mean any obligation of such
Person guaranteeing or in effect guaranteeing any liability or obligation of any other Person in any manner, whether directly or indirectly, including any agreement to indemnify or hold harmless any other Person, any performance bond or other
suretyship arrangement and any other form of assurance against loss, except endorsement of negotiable or other instruments for deposit or collection in the ordinary course of business. 

Guaranty Agreement shall mean the Guaranty and Suretyship Agreement in substantially the form of Exhibit 1.1(G)(2)
executed and delivered by each of the Guarantors (other than the Parent) to the Agent for the benefit of the Lenders, and the other Secured Parties. 

Hedging Transaction shall mean any of the following transactions by the Borrower or any of its Restricted Subsidiaries: any rate
swap transaction, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor
transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction or any combination of the foregoing transactions, including, without limitation, any Interest Rate
Hedge or any Commodity Hedge. The liabilities of the Loan Parties to the provider of any Lender-Provided Interest Rate Hedge or any Lender-Provided Commodity Hedge (the “Hedge Liabilities”) shall be “Obligations” hereunder,
guaranteed obligations under the Guaranty Agreement or Parent Guaranty Agreement and secured obligations under all other Loan Documents and otherwise treated as Obligations for purposes of each of the other Loan Documents. All Liens securing the
Hedge Liabilities provided by a Lender shall be pari passu with the Liens securing all other Obligations under this Agreement and the other Loan Documents. 

 

 11 

 Historical Statements shall have the meaning assigned to that term in
Section 5.1.9(i). 
 Hydrocarbon Interests shall mean all rights, titles and interests in and to oil, gas and
mineral leases, other Hydrocarbon leases, mineral interests, mineral servitudes, overriding royalty interests, royalty interests, net profits interests, production payment interests, and other similar interests. 

Hydrocarbons shall mean collectively, oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate and all
other liquid or gaseous hydrocarbons and related minerals and all products therefrom, in each case whether in a natural or a processed state. 

Immaterial Subsidiary shall mean a Subsidiary of the Borrower which (i) exists on the Closing Date, (ii) is designated
as an Immaterial Subsidiary on Schedule 5.1.3, (iii) executes a Guaranty Agreement, and (iv) meets the criteria set forth in the definition of Unrestricted Subsidiary hereunder, except that each such Immaterial Subsidiary shall not be
designated as an Unrestricted Subsidiary hereunder and rather shall be a Guarantor, a Restricted Subsidiary and a Loan Party. 

Increasing Lender shall have the meaning set forth in Section 2.10.1. 

Indebtedness shall mean, as to any Person at any time, any and all indebtedness, obligations or liabilities (whether matured or
unmatured, liquidated or unliquidated, direct or indirect, absolute or contingent, or joint or several) of such Person for or in respect of: (i) borrowed money, (ii) amounts raised under or liabilities in respect of any note purchase or
acceptance credit facility, (iii) the face amount of all letters of credit (including standby and commercial), banker’s acceptances, surety bonds, and similar instruments issued for the account of such Person, and, without duplication, all
drafts drawn and unpaid thereunder, (iv) net obligations under any Hedging Transaction, currency swap agreement, interest rate swap, cap, collar or floor agreement or other interest rate management device in an amount equal to (a) if such
Hedging Transaction or other device has been closed out, the termination value thereof, or (b) if such Hedging Transaction or other device has not been closed out, the mark-to-market value thereof determined on the basis of readily available
quotations provided by any recognized dealer in such Hedging Transaction or device, (v) any other transaction (including forward sale or purchase agreements, deferred purchase price arrangement (excluding contingent purchase price payments
required under purchase agreements relating to Permitted Acquisitions to the extent that such contingent purchase price payments are not yet earned or determinable), title retention device, capitalized leases and conditional sales agreements) having
the commercial effect of a borrowing of money entered into by such Person to finance its operations or capital requirements (but not including trade payables and accrued expenses incurred in the ordinary course of business which are not represented
by a promissory note or other evidence of indebtedness and which are not more than sixty (60) days past due) or (vi) any Guaranty of Indebtedness for borrowed money. 

 

 12 

 Indemnity shall mean the Indemnity Agreement in the form of Exhibit 1.1(I)(1) among
the Agent and the Loan Parties relating to possible environmental liabilities associated with any of the Real Property. 

Ineligible Security shall mean any security which may not be underwritten or dealt in by member banks of the Federal Reserve
System under Section 16 of the Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended. 
 Insolvency
Proceeding shall mean, with respect to any Person, (i) a case, action or proceeding with respect to such Person (a) before any court or any other Official Body under any bankruptcy, insolvency, reorganization or other similar Law now
or hereafter in effect, or (b) for the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator, conservator (or similar official) of any Loan Party or otherwise relating to the liquidation, dissolution, winding-up or
relief of such Person, or (ii) any general assignment for the benefit of creditors, composition, marshaling of assets for creditors, or other, similar arrangement in respect of such Person’s creditors generally or any substantial portion
of its creditors; undertaken under any Law. 
 Intercompany Subordination Agreement shall mean a Subordination Agreement
among the Loan Parties in the form attached hereto as Exhibit 1.1(I)(2). 
 Insurance Proceeds shall have the
meaning set forth in Section 4.5.3. 
 Interest Period shall mean the period of time selected by the Borrower in
connection with (and to apply to) any election permitted hereunder by the Borrower to have Loans bear interest under the Euro-Rate Option. Subject to the last sentence of this definition, such period shall be one, two, three or six Months if
the Borrower selects the Euro Rate Option. Such Interest Period shall commence on the effective date of such Interest Rate Option, which shall be (i) the Borrowing Date if the Borrower is requesting new Loans, or (ii) the date of renewal
of or conversion to the Euro-Rate Option if the Borrower is renewing or converting to the Euro-Rate Option applicable to outstanding Loans. Notwithstanding the second sentence hereof: (A) any Interest Period which would otherwise end on a date
which is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day, and (B) the Borrower
shall not select, convert to or renew an Interest Period for any portion of the Loans that would end after the Expiration Date. 

Interest Rate Hedge shall mean an interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or
similar agreements entered into by the Loan Parties or their Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrower, the Guarantors and/or their Subsidiaries of increasing floating rates of interest applicable to
Indebtedness. 
 Interest Rate Option shall mean any Euro-Rate Option or Base Rate Option. 

 

 13 

 Internal Revenue Code shall mean the Internal Revenue Code of 1986, as the same may
be amended or supplemented from time to time, and any successor statute of similar import, and the rules and regulations thereunder, as from time to time in effect. 

IRH Provider shall have the meaning set forth in Section 8.2.5.2. 

Law shall mean any law (including common law), constitution, statute, treaty, regulation, rule, ordinance, opinion, release,
ruling, order, injunction, writ, decree, bond, judgment, authorization or approval, lien or award by or settlement agreement with any Official Body. 

Lender-Provided Commodity Hedge shall mean a Commodity Hedge which is provided by any Lender or any Affiliate or any Subsidiary
thereof and meets the following requirements: such Commodity Hedge (i) is documented in a standard International Swap Dealer Association Agreement with applicable schedules and (ii) is entered into for hedging purposes; provided,
that if a Lender-Provided Commodity Hedge was provided by a Lender (or Affiliate or Subsidiary thereof) and such Lender ceases to be a Lender hereunder, such Commodity Hedge may continue to be a Lender-Provided Commodity Hedge hereunder if such
former Lender, Affiliate or Subsidiary, as applicable, enters into a collateral agency agreement with the Agent in form and substance acceptable to the Agent in its sole discretion. 

Lender-Provided Interest Rate Hedge shall mean an Interest Rate Hedge which is provided by any Lender or any Affiliate or any
Subsidiary thereof and meets the following requirements: such Interest Rate Hedge (i) is documented in a standard International Swap Dealer Association Agreement with applicable schedules and (ii) is entered into for hedging (rather than
speculative) purposes; provided, that if a Lender-Provided Interest Rate Hedge was provided by a Lender (or Affiliate or Subsidiary thereof) and such Lender ceases to be a Lender hereunder, such Interest Rate Hedge may continue to be a
Lender-Provided Interest Rate Hedge hereunder if such former Lender, Affiliate or Subsidiary, as applicable, enters into a collateral agency agreement with the Agent in form and substance acceptable to the Agent in its sole discretion. 

Lenders shall mean the financial institutions named on Schedule 1.1(B) and their respective successors and assigns as
permitted hereunder, each of which is referred to herein as a Lender. 
 Letter of Credit shall have the meaning
assigned to that term in Section 2.9.1. 
 Letter of Credit Borrowing shall have the meaning assigned to such term
in Section 2.9.3.4. 
 Letter of Credit Fee shall have the meaning assigned to that term in Section 2.9.2.

  

 14 

 Letters of Credit Outstanding shall mean, at any time, the sum of (i) the
aggregate undrawn face amount of outstanding Letters of Credit and (ii) the aggregate amount of all unpaid and outstanding Reimbursement Obligations and Letter of Credit Borrowings. 

Leverage Ratio shall mean, as of any date of determination, the ratio of (i) Consolidated Total Indebtedness to
(ii) Consolidated EBITDA for the four (4) fiscal quarters ending on such date of determination. 
 Lien shall
mean any mortgage, deed of trust, pledge, lien, security interest, charge or other encumbrance or security arrangement of any nature whatsoever, whether voluntarily or involuntarily given, including any conditional sale or title retention
arrangement, and any assignment, deposit arrangement or lease intended as, or having the effect of, security and any filed financing statement or other notice of any of the foregoing (whether or not a lien or other encumbrance is created or exists
at the time of the filing). 
 LLC Interests shall have the meaning given to such term in Section 5.1.3.

 Loan Documents shall mean this Agreement, the Agent’s Letter, the Guaranty Agreement, the Parent Guaranty
Agreement, the Indemnity, the Intercompany Subordination Agreement, the Mortgages, the Notes, the Pledge Agreement, the Security Agreement, the Mortgage Amendments and any other instruments, certificates or documents delivered or contemplated to be
delivered hereunder or thereunder or in connection herewith or therewith, as the same may be supplemented or amended from time to time in accordance herewith or therewith, and Loan Document shall mean any of the Loan Documents. 

Loan Parties shall mean, collectively, the Borrower and the Guarantors and the term Loan Party shall mean any of the Loan
Parties. 
 Loan Request shall have the meaning given to such term in Section 2.5. 

Loans shall mean collectively and Loan shall mean separately all Loans or any Loan made by the Lenders or one of the
Lenders to the Borrower pursuant to Section 2.1 or 2.9.3, and, as appropriate, Swing Loans. 
 Material Adverse
Change shall mean any set of circumstances or events which (i) has or could reasonably be expected to have any material adverse effect whatsoever upon the validity or enforceability of this Agreement or any other Loan Document, (ii) is
or could reasonably be expected to be material and adverse to the business, properties, assets, financial condition, results of operations or prospects of the Loan Parties taken as a whole, (iii) impairs materially or could reasonably be
expected to impair materially the ability of the Loan Parties taken as a whole to duly and punctually pay or perform its Indebtedness or (iv) impairs materially or could reasonably be expected to impair materially the ability of the Agent or
any of the Lenders, to the extent permitted, to enforce their legal remedies pursuant to this Agreement or any other Loan Document. 

Material Contracts shall mean any contracts required to be reported to the SEC in annual or periodic filings therewith,
including, without limitation, any individual lease, 
  

 15 

 
contract or agreement or, collectively, group of leases, contracts and agreements, from the Borrower or any of its Restricted Subsidiaries to a single operator or such operator’s Affiliates
which either (i) accounted for five percent (5%) or more of the Consolidated EBITDA of the Parent and its Subsidiaries for the previous fiscal year, or (ii) is projected to account for five percent (5%) or more of the
Consolidated EBITDA of the Parent and its Subsidiaries for the current fiscal year. 
 Material Project shall mean the
construction or expansion of any capital project of Borrower or any Restricted Subsidiary, the aggregate capital cost of which exceeds $10,000,000. 

Material Project Consolidated EBITDA Adjustment shall mean, with respect to each Material Project: 

(i) prior to the Commercial Operation Date of a Material Project (but including the fiscal quarter in which such
Commercial Operation Date occurs), a percentage (equal to the then-current completion percentage of such Material Project) of an amount to be approved by the Agent as the projected Consolidated EBITDA attributable to such Material Project with such
amount to be determined based on contracts relating to such Material Project, the creditworthiness of the other parties to such contracts, and projected revenues from such contracts, capital costs and expenses, scheduled Commercial Operation Date,
and other factors reasonably deemed appropriate by the Agent), which may, at the Borrower’s option, be added to actual Consolidated EBITDA for the fiscal quarter in which construction of such Material Project commences and for each fiscal
quarter thereafter until the Commercial Operation Date of such Material Project (including the fiscal quarter in which such Commercial Operation Date occurs, but net of any actual Consolidated EBITDA attributable to such Material Project following
such Commercial Operation Date); provided, that if the actual Commercial Operation Date does not occur by the scheduled Commercial Operation Date, then the foregoing amount shall be reduced, for quarters ending after the scheduled Commercial
Operation Date to (but excluding) the first full quarter after its actual Commercial Operation Date, by the following percentage amounts depending on the period of delay (based on the period of actual delay or then-estimated delay, whichever is
longer): (a) 90 days or less, 0%, (b) longer than 90 days, but not more than 180 days, 25%, (c) longer than 180 days but not more than 270 days, 50%, and (d) longer than 270 days, 100%; and 

(ii) beginning with the first full fiscal quarter following the Commercial Operation Date of a Material Project and for
the two immediately succeeding fiscal quarters, an amount to be approved by the Agent as the project Consolidated EBITDA attributable to such Material Project (determined in the same manner as set forth in clause (i) above) for the balance of
the four full fiscal quarter period following such Commercial Operation Date, which may, at Borrower’s option, be added to actual Consolidated EBITDA for such fiscal quarters (but net of any actual Consolidated EBITDA attributable to such
Material Project following such Commercial Operation Date). 
  

 16 

 (iii) Notwithstanding the foregoing: (A) no such additions shall be
allowed with respect to any Material Project unless: (y) not later than 30 days prior to the delivery of any Compliance Certificate required by the terms and provisions of Section 7.3.3 to the extent Material Project Consolidated EBITDA
Adjustments will be made to Adjusted Consolidated EBITDA in determining compliance with Sections 7.2.16 and 7.2.17, the Borrower shall have delivered to the Agent written pro forma projections of Consolidated EBITDA attributable to such Material
Project, and such projections shall be delivered by the Borrower to the Lenders not later than 15 days prior to the delivery of such Compliance Certificate and (z) prior to the date such Compliance Certificate is required to be delivered, the
Agent shall have approved (such approval not to be unreasonably withheld, conditioned or delayed) such projections and shall have received such other information and documentation as the Agent may reasonably request, all in form and substance
reasonably satisfactory to the Agent, and (B) the aggregate amount of all Material Project Consolidated EBITDA Adjustments during any period shall be limited to 15% of the total actual Consolidated EBITDA for such period (which total actual
Consolidated EBITDA shall be determined without including any Material Project Consolidated EBITDA Adjustments). 
 MLP
Agreement shall mean the Third Amended and Restated Partnership Agreement of the Parent, as amended, restated or replaced from time to time to the extent permitted under the Loan Documents. 

Month, with respect to an Interest Period under the Euro-Rate Option, shall mean the interval between the days in consecutive
calendar months numerically corresponding to the first day of such Interest Period. If any Euro-Rate Interest Period begins on a day of a calendar month for which there is no numerically corresponding day in the month in which such Interest Period
is to end, the final month of such Interest Period shall be deemed to end on the last Business Day of such final month. 

Mortgages shall mean, collectively, the Mortgages in substantially the form of Exhibit 1.1(M)(1) executed and delivered by
the Loan Party (other than an Immaterial Subsidiary) owning such Real Property to the Agent for the benefit of the Lenders, and the other Secured Parties in which a security interest has been granted by any Loan Party to the Agent. 

Mortgage Amendments shall mean, collectively, those certain Amendments to Mortgage in substantially the form of Exhibit 1.1(M)(2)
with respect to the Real Property listed on Schedule 1.1(R) (for each Mortgage in existence with respect to the Prior Credit Agreement) being executed and delivered by certain of the Loan Parties to the Agent on the Closing Date, and Mortgage
Amendment shall mean, individually, any of the Mortgage Amendments. 
 Multiemployer Plan shall mean any employee
benefit plan which is a “multiemployer plan” within the meaning of Section 4001(a)(3) of ERISA and to which the Borrower or any member of the ERISA Group is then making or accruing an obligation to make contributions or, within the
preceding five Plan years, has made or had an obligation to make such contributions. 
  

 17 

 Multiple Employer Plan shall mean a Plan which has two or more contributing sponsors
(including the Borrower or any member of the ERISA Group) at least two of whom are not under common control, as such a plan is described in Sections 4063 and 4064 of ERISA. 

New Lender shall have the meaning set forth in Section 2.10.1. 

Nonconsenting Lender shall mean any Lender who does not agree to a consent, waiver or amendment to the Loan Documents as
requested by the Borrower or the Agent (which consent, waiver or amendment has been approved by the Required Lenders) and the consent, waiver or amendment of such Lender is required in accordance with the terms of Section 10.1 [Modifications,
Amendments or Waivers]. 
 Notes shall mean, collectively, and Note shall mean separately all the notes of the
Borrower in the form of Exhibit 1.1(R) evidencing the Loans made by the Lenders or one of the Lenders to the Borrower pursuant to Section 2.1 or 2.9.3 together with all amendments, extensions, renewals, replacements, refinancings or
refundings thereof in whole or in part, and, as appropriate, the Swing Loan Note. 
 Notices shall have the meaning
assigned to that term in Section 10.6. 
 Obligation shall mean any obligation or liability of any of the Loan
Parties to the Agent or any of the Lenders, howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due, under or in connection with this Agreement, the Notes, the
Letters of Credit, the Agent’s Letter or any other Loan Document (including obligations, liabilities and indebtedness arising or accruing after the commencement of any bankruptcy, insolvency, reorganization, or similar proceeding). Obligations
shall include the liabilities to any Lender, or any Affiliate or any Subsidiary thereof, under any Other Lender-Provided Financial Service Product, Lender-Provided Interest Rate Hedge and Lender-Provided Commodity Hedge but shall not include the
liabilities to other Persons under any other Interest Rate Hedge or Commodity Hedge. 
 Official Body shall mean any
national, federal, state, local or other government or political subdivision or any agency, authority, board, bureau, central bank, commission, department or instrumentality of either, or any court, tribunal, grand jury or arbitrator, in each case
whether foreign or domestic. 
 Other Lender-Provided Financial Service Product shall mean agreements or other
arrangements under which any Lender or Affiliate or any Subsidiary of a Lender provides any of the following products or services to any of the Loan Parties: (a) credit cards, (b) credit card processing services, (c) debit cards,
(d) purchase cards, (e) ACH Transactions, (f) cash management, including controlled disbursement, accounts or services, or (g) foreign currency exchange; provided, that if an Other Lender-Provided Financial Service Product
was provided by a Lender (or Affiliate or Subsidiary thereof) and such Lender ceases to be a Lender hereunder, such Other Lender-Provided Financial Service Product may continue to be an Other Lender-Provided Financial Service Product hereunder if
such former Lender, Affiliate or 
  

 18 

 
Subsidiary, as applicable, enters into a collateral agency agreement with the Agent in form and substance acceptable to the Agent in its sole discretion. 

Parent shall mean Penn Virginia Resource Partners, L.P., a Delaware limited partnership and its successors and permitted assigns.

 Parent Guaranty Agreement shall mean the Guaranty and Suretyship Agreement in substantially the form of Exhibit
1.1(G)(3) executed and delivered by the Parent to the Agent for the benefit of the Lenders, and the other Secured Parties. 

Participation Advance shall mean, with respect to any Lender, such Lender’s payment in respect of its participation in a
Letter of Credit Borrowing according to its Ratable Share pursuant to Section 2.9.3.4. 
 Partnership Interests
shall have the meaning given to such term in Section 5.1.3. 
 PBGC shall mean the Pension Benefit Guaranty
Corporation established pursuant to Subtitle A of Title IV of ERISA or any successor. 
 Peabody Reserve Substitution
Agreement shall mean the Reserve Substitution Agreement dated as of December 19, 2002 by and among Peabody Energy Corporation, the Parent, and the other signatories thereto. 

Pension Plan shall mean any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA),
other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by a member of the ERISA Group or to which a member of the ERISA Group contributes or has an obligation to contribute, or in the case of a multiple
employer or other plan described in Section 4064(a) of ERISA, has made contributions at any times during the immediately preceding five plan years. 

Permitted Acquisitions shall have the meaning assigned to such term in Section 7.2.6. 

Permitted Assets means (i) Real Property substantially of the type owned by, and commonly used in the lines of business
engaged in by the Parent, the Borrower and their respective Subsidiaries on the date hereof, (ii) Hydrocarbon Interests, (iii) Hydrocarbon gathering, transportation and transmission pipelines, wells, meters, and pumps, (iv) any
rights, titles and interests in and to any natural resources, including without limitation coal and timber, (v) creation and/or restoration of wetlands and wetlands credits, (vi) property generating qualifying income as defined in
Section 7704(d) of the Internal Revenue Code and (vii) any and all property, real or personal, held for use or useful in connection with the operating, working or development of any of the foregoing or any business permitted pursuant to
Section 7.2.10 hereof and including any and all wells, buildings, structures, plants, pumps, 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, servitudes. 
  

 19 

 Permitted Investments shall mean: 

(i) direct obligations of the United States of America or any agency or instrumentality thereof or obligations backed by the full faith
and credit of the United States of America maturing in twelve (12) months or less from the date of acquisition; 
 (ii)
commercial paper maturing in 180 days or less rated not lower than A-1 by Standard & Poor’s or P-1 by Moody’s Investors Service, Inc. on the date of acquisition; 

(iii) demand deposits, time deposits or certificates of deposit maturing within one year in commercial banks whose obligations are rated
A-1, A or the equivalent or better by Standard & Poor’s on the date of acquisition and 
 (iv) shares of money
market mutual or similar funds which invest exclusively in assets satisfying the requirements of clauses (i) through (iii) of this definition, except that with respect to the maturities of the assets included in such funds the requirements
of clauses (i) through (iii) shall not be applied to the individual assets included in such funds but to the weighted-average maturity of all assets included in such funds. 

Permitted Liens shall mean: 

(i) Liens for taxes, assessments, or similar charges, incurred in the ordinary course of business and which are not yet due and payable;

 (ii) Pledges or deposits made in the ordinary course of business to secure payment of workmen’s compensation, or to
participate in any fund in connection with workmen’s compensation, unemployment insurance, old-age pensions or other social security programs; 

(iii) Liens of mechanics, materialmen, warehousemen, carriers, or other like Liens, securing obligations incurred in the ordinary course
of business that are not yet due and payable and Liens of landlords securing obligations to pay lease payments that are not yet due and payable or in default; 

(iv) Good-faith pledges or deposits made in the ordinary course of business to secure performance of bids, tenders, contracts (other
than for the repayment of borrowed money) or leases, not in excess of the aggregate amount due thereunder, or to secure statutory obligations, or surety, appeal, indemnity, performance or other similar bonds required in the ordinary course of
business; 
 (v) Encumbrances consisting of zoning restrictions, easements or other restrictions on the use of real property,
none of which materially impairs the use of such property or the value thereof, and none of which is violated in any material respect by existing or proposed structures or land use; 

(vi) Liens granted under the Security Documents; 

 

 20 

 (vii) Liens on property leased by any Loan Party or Subsidiary of a Loan Party under
operating leases permitted in Section 7.2.15 securing obligations of such Loan Party or Subsidiary to the lessor under such leases; 

(viii) Any Lien existing on the date of this Agreement and described on Schedule 1.1(P); provided, that the principal
amount secured thereby is not hereafter increased, and no additional assets become subject to such Lien; 
 (ix) Purchase Money
Security Interests and capital leases; provided, that the aggregate amount of loans and deferred payments secured by such Purchase Money Security Interests and capital leases shall not exceed the amount set forth in Section
7.2.1(iv)(excluding for the purpose of this computation any loans or deferred payments secured by Liens described on Schedule 1.1(P)); 

(x) The following, (a) if the validity or amount thereof is being contested in good faith by appropriate and lawful proceedings
diligently conducted so long as levy and execution thereon have been stayed and continue to be stayed or (b) if a final judgment is entered and such judgment is discharged within thirty (30) days of entry, and, in either case, they do not
affect the Collateral or, in the aggregate, materially impair the ability of any Loan Party to perform its Obligations hereunder or under the other Loan Documents: 

(1) Claims or Liens for taxes, assessments or charges due and payable and subject to interest or penalty; provided,
that the applicable Loan Party maintains such reserves or other appropriate provisions as shall be required by GAAP and pays all such taxes, assessments or charges forthwith upon the commencement of proceedings to foreclose any such Lien;

 (2) Claims, Liens or encumbrances upon, and defects of title to, real or personal property other than the
Collateral, including any attachment of personal or real property or other legal process prior to adjudication of a dispute on the merits; 

(3) Claims or Liens of mechanics, materialmen, warehousemen, carriers, or other statutory nonconsensual Liens; or

 (4) Liens resulting from final judgments or orders described in Section 8.1.6. 

Person shall mean any individual, corporation, partnership, limited liability company, association, joint-stock company, trust,
unincorporated organization, joint venture, government or political subdivision or agency thereof, or any other entity. 

Plan shall mean at any time an employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan)
which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Internal Revenue Code and either (i) is maintained by any member of the ERISA Group for employees of any member of the ERISA
Group or (ii) has at any time within the preceding five years been maintained by any 
  

 21 

 
entity which was at such time a member of the ERISA Group for employees of any entity which was at such time a member of the ERISA Group. 

Pledge Agreement shall mean the Pledge Agreement in substantially the form of Exhibit 1.1(P)(2) executed and delivered by each of
the Loan Parties (other than Immaterial Subsidiaries) to the Agent for the benefit of the Lenders, and the other Secured Parties. 

Pledged Collateral shall mean the property of the Loan Parties (other than the Immaterial Subsidiaries) in which security
interests are to be granted under the Pledge Agreement. 
 PNC Bank shall mean PNC Bank, National Association, its
successors and assigns. 
 Potential Default shall mean any event or condition which with notice, passage of time or a
determination by the Agent or the Required Lenders, or any combination of the foregoing, would constitute an Event of Default. 

Prime Rate shall mean the interest rate per annum announced from time to time by the Agent at its Principal Office as its then
prime rate, which rate may not be the lowest or most favorable rate then being charged commercial borrowers or others by the Agent. Any change in the Prime Rate shall take effect at the opening of business on the day such change is announced.

 Principal Office shall mean the main banking office of the Agent in Pittsburgh, Pennsylvania. 

Prior Security Interest shall mean a valid and enforceable perfected first-priority security interest under the Uniform
Commercial Code in the Collateral, which is subject only to Liens for taxes not yet due and payable to the extent such prospective tax payments are given priority by statute or Purchase Money Security Interests as permitted hereunder. 

Prohibited Transaction shall mean any prohibited transaction as defined in Section 4975 of the Internal Revenue Code or
Section 406 of ERISA for which neither an individual nor a class exemption has been issued by the United States Department of Labor. 

Published Rate shall mean the rate of interest published each Business Day in The Wall Street Journal “Money
Rates” listing under the caption “London Interbank Offered Rates” for a one month period (or, if no such rate is published therein for any reason, then the Published Rate shall be the rate at which US Dollar deposits are offered by
leading banks in the London interbank deposit market for a one month period as published in another publication selected by the Agent). 

Purchase Money Security Interest shall mean Liens upon tangible personal property securing loans to any Loan Party or Subsidiary
of any Loan Party or deferred payments by such Loan Party or Subsidiary for the purchase of such tangible personal property. 
  

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 Purchasing Lender shall mean a Lender which becomes a party to this Agreement by
executing an Assignment and Assumption Agreement. 
 Purchase Price Adjustment shall have the meaning set forth in
Section 4.5.4. 
 PVA shall mean Penn Virginia Corporation, a publicly traded Virginia corporation formerly affiliated
with the Parent. 
 PVG shall mean Penn Virginia GP Holdings, L.P., a Delaware limited partnership. 

PVG General Partner shall mean PVG GP, LLC, a Delaware limited liability company. 

Quarterly Distributions shall mean distributions by the Parent of Available Cash. 

Ratable Share shall mean the proportion that a Lender’s Commitment (excluding the Swing Loan Commitment) bears to the
Commitments (excluding the Swing Loan Commitment) of all of the Lenders. If the Commitments have terminated or expired, the Ratable Shares shall be determined based upon the Commitments (excluding the Swing Loan Commitment) most recently in effect,
giving effect to any assignments. 
 Real Property shall mean the real property, both owned and leased, and the surface,
coal, and mineral rights, interests and coal leases of each Loan Party, all of which, other than Excluded Property, shall be encumbered by a Mortgage. 

Regulated Substances shall mean, without limitation, any substance, material or waste, regardless of its form or nature, defined
under Environmental Laws as a “hazardous substance”, “pollutant”, “pollution”, “contaminant”, “hazardous or toxic substance”, “extremely hazardous substance”, “toxic chemical”,
“toxic substance”, “toxic waste”, “hazardous waste”, “special handling waste”, “industrial waste”, “residual waste”, “solid waste”, “municipal waste”, “mixed
waste”, “infectious waste”, “chemotherapeutic waste”, “medical waste”, “regulated substance” or any other material, substance or waste, regardless of its form or nature, which otherwise is regulated by
Environmental Laws. 
 Regulation U shall mean Regulation U, T, or X as promulgated by the Board of Governors of the
Federal Reserve System, as amended from time to time. 
 Reimbursement Obligation shall have the meaning assigned to
such term in Section 2.9.3.2. 
 Reportable Event shall mean a reportable event described in Section 4043 of ERISA
and regulations thereunder with respect to a Plan or Multiemployer Plan. 
  

 23 

 Required Environmental Notices shall mean all notices, reports, plans, forms or
other filings which are required pursuant to Environmental Laws or Required Environmental Permits to be submitted to an Official Body or which otherwise must be maintained. 

Required Environmental Permits shall mean all permits, licenses, bonds, consents, approvals or authorizations required under
Environmental Laws to own, occupy or maintain the Real Property. 
 Required Lenders shall mean: 

(i) if there are no Loans, Reimbursement Obligations or Letter of Credit Borrowings outstanding, Lenders (excluding any Defaulting
Lender) whose Commitments (excluding the Swing Loan Commitments) aggregate greater than 50% of the Commitments of all of the Lenders; or 

(ii) if there are Loans, Reimbursement Obligations, or Letter of Credit Borrowings outstanding, any Lender or group of Lenders
(excluding any Defaulting Lender) if the sum of the Loans (excluding Swing Loans), Reimbursement Obligations and Letter of Credit Borrowings of such Lenders (excluding any Defaulting Lender) then outstanding aggregates greater than 50% of the total
principal amount of all of the Loans (excluding Swing Loans), Reimbursement Obligations and Letter of Credit Borrowings then outstanding. Reimbursement Obligations and Letter of Credit Borrowings shall be deemed, for purposes of this definition, to
be in favor of the Agent and not a participating Lender if such Lender has not made its Participation Advance in respect thereof and shall be deemed to be in favor of such Lender to the extent of its Participation Advance if it has made its
Participation Advance in respect thereof. 
 Required Share shall have the meaning assigned to such term in Section 4.7

 Restricted Subsidiary means any Subsidiary of the Borrower that is not an Unrestricted Subsidiary. 

Sale Proceeds shall have the meaning set forth in Section 4.5.1. 

SEC shall mean the Securities and Exchange Commission or any governmental agencies substituted therefor. 

Section 20 Subsidiary shall mean the Subsidiary of the bank holding company controlling any Lender, which Subsidiary has
been granted authority by the Federal Reserve Board to underwrite and deal in certain Ineligible Securities. 
 Secured
Parties shall mean collectively, the Agent, the Lenders, the IRH Providers, the CH Providers and the TM Providers, and Secured Party means any of them. 

 

 24 

 Security Agreement shall mean the Security Agreement in substantially the form of
Exhibit 1.1(S) executed and delivered by each of the Loan Parties (other than Immaterial Subsidiaries) to the Agent for the benefit of the Lenders, and the other Secured Parties. 

Security Documents shall mean the Security Agreement, the Pledge Agreement, the Mortgages, deeds of trust, and all other
documents, instruments and agreements sufficient to provide the Agent for the benefit of the Lenders, and the other Secured Parties with a first priority perfected Lien, subject only to Permitted Liens, on the Collateral. 

Settlement Date shall mean any Business Day on which the Agent elects to effect settlement pursuant to Section 4.7.

 Solvent shall mean, with respect to any Person on any date of determination, taking into account such right of
reimbursement, contribution or similar right available to such Person from other Persons, that on such date (i) the fair value of the property of such Person is greater than the total amount of liabilities, including, without limitation,
contingent liabilities, of such Person, (ii) the present fair saleable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and
matured, (iii) such Person is able to realize upon its assets and pay its debts and other liabilities, contingent obligations and other commitments as they mature in the normal course of business, (iv) such Person does not intend to, and
does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities mature and (v) such Person is not engaged in business or a transaction, and is not about to engage in business or a
transaction, for which such Person’s property would constitute unreasonably small capital after giving due consideration to the prevailing practice in the industry in which such Person is engaged. In computing the amount of contingent
liabilities at any time, it is intended that such liabilities will be computed at the amount which, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or
matured liability. 
 Standard & Poor’s shall mean Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc. 
 Standby Letter of Credit shall mean a Letter of Credit issued to support
obligations of one or more of the Loan Parties, contingent or otherwise, which finance the working capital and business needs of the Loan Parties incurred in the ordinary course of business, but excluding any Letter of Credit under which the stated
amount of such Letter of Credit increases automatically over time. 
 Subsidiary of any Person at any time shall mean
(i) any corporation or trust of which more than 50% (by number of shares or number of votes) of the outstanding capital stock or shares of beneficial interest normally entitled to vote for the election of one or more directors or trustees
(regardless of any contingency which does or may suspend or dilute the voting rights) is at such time owned directly or indirectly by such Person or one or more of such Person’s Subsidiaries, (ii) any partnership of which such Person is a
general partner or of which more than 50% of the partnership interests is at the time directly or indirectly owned by such 
  

 25 

 
Person or one or more of such Person’s Subsidiaries, (iii) any limited liability company of which more than 50% of the limited liability company interests is at the time directly or
indirectly owned by such Person or one or more of such Person’s Subsidiaries or (iv) any corporation, trust, partnership, limited liability company or other entity which is controlled by such Person or one or more of such Person’s
Subsidiaries. 
 Subsidiary Shares shall have the meaning assigned to that term in Section 5.1.3.

 Swing Loan Commitment shall mean PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to
Section 2.1.2 hereof in an aggregate principal amount up to $25,000,000. 
 Swing Loan Note shall mean the
Swing Loan Note of the Borrower in the form of Exhibit 1.1(S)(2) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part. 

Swing Loan Request shall mean a request for Swing Loans made in accordance with Section 2.4 hereof. 

Swing Loans shall mean collectively and Swing Loan shall mean separately all Swing Loans or any Swing Loan made by PNC
Bank to the Borrower pursuant to Section 2.6.2 hereof. 
 TM Provider shall have the meaning set forth in
Section 8.2.5.2. 
 Transferor Lender shall mean the selling Lender pursuant to an Assignment and Assumption
Agreement. 
 UCC Collateral shall mean the property of the Loan Parties (other than Immaterial Subsidiaries) in which
security interests are to be granted under the Security Agreement. 
 Uniform Commercial Code shall mean the Uniform
Commercial Code as in effect in each applicable jurisdiction. 
 Unrestricted Subsidiary shall mean any Subsidiary of
the Borrower designated as such on Schedule 5.1.3 or which the Borrower has designated in writing to the Agent to be an Unrestricted Subsidiary pursuant to Section 7.2.22; provided, that with respect to wholly-owned Unrestricted
Subsidiaries, (i) each Unrestricted Subsidiary must at all times have no more than $5,000,000 of assets; (ii) the aggregate value of assets held by all Unrestricted Subsidiaries shall not equal more than $10,000,000, (iii) such
Unrestricted Subsidiary shall not own any assets which are material to the value or operation of the business of any Loan Party or own directly any ownership interests in a Restricted Subsidiary and (iv) the aggregate Consolidated EBITDA of all
Unrestricted Subsidiaries shall not be more than $5,000,000 during any fiscal year. 
  

 26 

 USA Patriot Act shall mean the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56, as the same has been, or shall hereafter be, renewed, extended, amended or replaced. 

1.2 Construction. 

Unless the context of this Agreement otherwise clearly requires, the following rules of construction shall apply to this Agreement and
each of the other Loan Documents: 
 1.2.1 Number; Inclusion. 

References to the plural include the singular, the plural, the part and the whole; “or” has the inclusive meaning represented
by the phrase “and/or,” and “including” has the meaning represented by the phrase “including without limitation;” 

1.2.2 Determination. 

References to “determination” of or by the Agent or the Lenders shall be deemed to include good-faith estimates or
computations as applicable by the Agent or the Lenders (in the case of quantitative determinations) and good-faith beliefs by the Agent or the Lenders (in the case of qualitative determinations) and such determination shall be conclusive absent
manifest error; 
 1.2.3 Agent’s Discretion and Consent. 

Whenever the Agent or the Lenders are granted the right herein to act in its or their sole discretion or to grant or withhold consent
such right shall be exercised in good faith; 
 1.2.4 Documents Taken as a Whole. 

The words “hereof,” “herein,” “hereunder,” “hereto” and similar terms in this Agreement or any
other Loan Document refer to this Agreement or such other Loan Document as a whole and not to any particular provision of this Agreement or such other Loan Document; 

1.2.5 Headings. 

The section and other headings contained in this Agreement or such other Loan Document and the Table of Contents (if any), preceding
this Agreement or such other Loan Document are for reference purposes only and shall not control or affect the construction of this Agreement or such other Loan Document or the interpretation thereof in any respect; 

1.2.6 Implied References to this Agreement. 

Article, section, subsection, clause, schedule and exhibit references are to this Agreement or other Loan Document, as the case may be,
unless otherwise specified; 
  

 27 

 1.2.7 Persons. 

Reference to any Person includes such Person’s successors and assigns but, if applicable, only if such successors and assigns are
permitted by this Agreement or such other Loan Document, as the case may be, and reference to a Person in a particular capacity excludes such Person in any other capacity; 

1.2.8 Modifications to Documents. 

Reference to any agreement (including this Agreement and any other Loan Document together with the schedules and exhibits hereto or
thereto), document or instrument means such agreement, document or instrument as amended, modified, replaced, substituted for, superseded or restated; 

1.2.9 From, To and Through. 

Relative to the determination of any period of time, “from” means “from and including,” “to” means
“to but excluding,” and “through” means “through and including” and 
 1.2.10 Shall; Will.

 References to “shall” and “will” are intended to have the same meaning. 

1.3 Accounting Principles. 

Except as otherwise provided in this Agreement, all computations and determinations as to accounting or financial matters and all
financial statements to be delivered pursuant to this Agreement shall be made and prepared in accordance with GAAP (including principles of consolidation where appropriate), and all accounting or financial terms shall have the meanings ascribed to
such terms by GAAP; provided, however, that all accounting terms used in Section 7.2 [Negative Covenants] (and all defined terms used in the definition of any accounting term used in Section 7.2 shall have the meaning given
to such terms (and defined terms) under GAAP as in effect on the date hereof applied on a basis consistent with those used in preparing the Historical Statements referred to in Section 5.1.9(i) [Historical Statements]. In the event of any
change after the date hereof in GAAP, and if such change would result in the inability to determine compliance with the financial covenants set forth in Section 7.2 based upon any Loan Party’s regularly prepared financial statements by
reason of the preceding sentence, then the parties hereto agree to endeavor, in good faith, to agree upon an amendment to this Agreement that would adjust such financial covenants in a manner that would not affect the substance thereof, but would
allow compliance therewith to be determined in accordance with such Loan Party’s financial statements at that time. 
  

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 2. REVOLVING CREDIT FACILITY AND SWING LOAN FACILITY 

2.1 Commitments. 

2.1.1 Loans. 

Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Lender severally
agrees to make Loans to the Borrower at any time or from time to time on or after the date hereof to the Expiration Date, provided, that after giving effect to such Loan the aggregate amount of Loans from such Lender shall not exceed such
Lender’s Commitment minus such Lender’s Ratable Share of the Letters of Credit Outstanding and any Swing Loans. Within such limits of time and amount and subject to the other provisions of this Agreement, the Borrower may borrow, repay and
reborrow pursuant to this Section 2.1. 
 2.1.2 Swing Loan Commitment. 

Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, and in order to
facilitate loans and repayments between Settlement Dates, PNC Bank may, at its option, cancelable at any time for any reason whatsoever, make swing loans (the “Swing Loans”) to the Borrower at any time or from time to time after the date
hereof to, but not including, the Expiration Date, in an aggregate principal amount up to but not in excess of the Swing Loan Commitment, provided, that the aggregate principal amount of PNC Bank’s Swing Loans, the Loans of all the
Lenders and the Letters of Credit Outstanding at any one time outstanding shall not exceed the Commitments of all the Lenders. Within such limits of time and amount and subject to the other provisions of this Agreement, the Borrower may borrow,
repay and reborrow pursuant to this Section 2.1.2. 
 2.2 Nature of Lenders’ Obligations with Respect to Loans.

 Each Lender shall be obligated to participate in each request for Loans pursuant to Section 2.5 [Loan Requests] in
accordance with its Ratable Share. The aggregate of each Lender’s Loans outstanding hereunder to the Borrower at any time shall never exceed its Commitment minus its Ratable Share of the Letters of Credit Outstanding. The obligations of each
Lender hereunder are several. The failure of any Lender to perform its obligations hereunder shall not affect the Obligations of the Borrower to any other party nor shall any other party be liable for the failure of such Lender to perform its
obligations hereunder. The Lenders shall have no obligation to make Loans hereunder on or after the Expiration Date. 
 2.3
Commitment Fees. 
 Accruing from the date hereof until the Expiration Date, the Borrower agrees to pay to the Agent for
the account of each Lender according to its Ratable Share, a nonrefundable commitment fee (the “Commitment Fee”) equal to the Applicable Commitment Fee Rate (computed on the basis of a year of 365 or 366 days, as the case may be, and
actual days elapsed) multiplied by the average daily difference between the amount of (i) the Commitments (for purposes of this computation, PNC Bank’s Swing Loans shall be deemed to be borrowed

  

 29 

 
amounts under PNC’s Commitment but not any other Lender’s Commitment) and (ii) the Facility Usage; provided, however, that any Commitment Fee accrued with respect to the Commitment
of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such
Commitment Fee shall otherwise have been due and payable by the Borrower prior to such time; and provided further that no Commitment Fee shall accrue with respect to the Commitment of a Defaulting Lender so long as such Lender shall be a Defaulting
Lender. Subject to the proviso in the preceding sentence, all Commitment Fees shall be payable in arrears on the first day of each April, July, October and January after the date hereof and on the Expiration Date or upon acceleration of the Loans.

 2.4 Swing Loan Requests. 

Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request PNC Bank to make Swing Loans
by delivery to PNC Bank not later than 1:00 p.m. Pittsburgh time on the proposed Borrowing Date of a duly completed request therefor substantially in the form of Exhibit 2.4 hereto or a request by telephone immediately confirmed in writing by
letter, facsimile or telex (each, a “Swing Loan Request”), it being understood that the Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each
Swing Loan Request shall be irrevocable and shall specify the proposed Borrowing Date and the principal amount of such Swing Loan, which shall be not less than $100,000. 

2.5 Loan Requests. 

Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request the Lenders to make Loans,
or renew or convert the Interest Rate Option applicable to existing Loans pursuant to Section 3.2 [Interest Periods], by delivering to the Agent, not later than 11:00 a.m., Pittsburgh time, (i) three (3) Business Days prior to the
proposed Borrowing Date with respect to the making of Loans to which the Euro-Rate Option applies or the conversion to or the renewal of the Euro-Rate Option for any Loans; and (ii) on the Business Day of the proposed Borrowing Date with
respect to the making of a Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the
form of Exhibit 2.5 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Agent may rely on the authority of any individual
making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date; (ii) the aggregate amount of the proposed Loans
comprising each Borrowing Tranche, which shall be in integral multiples of $1,000,000 and not less than $3,000,000 for each Borrowing Tranche to which the Euro-Rate Option applies and not less than the lesser of $100,000 or the maximum amount
available for Borrowing Tranches to which the Base Rate Option applies; (iii) whether the Euro-Rate Option or Base Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) in the case of a
Borrowing Tranche to which the Euro-Rate Option applies, an appropriate Interest Period for the Loans comprising such Borrowing Tranche. 
  

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 2.6 Making Loans and Swing Loans. 

2.6.1 Making Loans. 

The Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.5 [Loan Requests], notify the Lenders of its
receipt of such Loan Request specifying: (i) the proposed Borrowing Date and the time and method of disbursement of the Loans requested thereby; (ii) the amount and type of each such Loan and the applicable Interest Period (if any); and
(iii) the apportionment among the Lenders of such Loans as determined by the Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations]. Each Lender shall remit the principal amount of each Loan to the Agent such that the
Agent is able to, and the Agent shall, to the extent the Lenders have made funds available to it for such purpose and subject to Section 6.2 [Each Additional Loan], fund such Loans to the Borrower in U.S. Dollars and immediately available funds
at the Principal Office prior to 2:00 p.m., Pittsburgh time, on the applicable Borrowing Date; provided, that if any Lender fails to remit such funds to the Agent in a timely manner, the Agent may elect in its sole discretion to fund with its
own funds the Loans of such Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 9.16 [Availability of Funds]. 

2.6.2 Making Swing Loans. 

So long as PNC Bank elects to make Swing Loans, PNC Bank shall, after receipt by it of a Swing Loan Request pursuant to Section 2.4, fund
such Swing Loan to the Borrower in U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m. Pittsburgh time on the Borrowing Date. 

2.7 Notes; Swing Loan Note. 

The Obligation of the Borrower to repay the aggregate unpaid principal amount of the Loans made to it by each Lender, together with
interest thereon, shall be evidenced by a Note payable to the order of such Lender in a face amount equal to the Commitment of such Lender. The obligation of the Borrower to repay the unpaid principal amount of the Swing Loans made to it by PNC Bank
together with interest thereon shall be evidenced by a demand promissory note of the Borrower in substantially the form attached hereto as Exhibit 1.1(S)(2) payable to the order of PNC Bank in a face amount equal to the Swing Loan Commitment.

 2.8 Borrowings to Repay Swing Loans. 

PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Lender
shall make a Loan in an amount equal to such Lender’s Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC Bank so requests, accrued interest thereon; provided, that no Lender shall be obligated in
any event to make Loans in excess of its Commitment. Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5 without regard to any
of the requirements of that provision. PNC Bank shall provide notice to the Lenders (which may be telephonic or 
  

 31 

 
written notice by letter, facsimile or telex) that such Loans are to be made under this Section 2.8 and of the apportionment among the Lenders, and the Lenders shall be unconditionally obligated
to fund such Loans (whether or not the conditions specified in Section 6.2 are then satisfied) by the time PNC Bank so requests, which shall not be earlier than 3:00 p.m. Pittsburgh time on the Business Day next after the date the Lenders
receive such notice from PNC Bank. 
 2.9 Letter of Credit Subfacility. 

2.9.1 Issuance of Letters of Credit. 

The Borrower, if applicable, may at any time prior to the Expiration Date request the issuance of a letter of credit (each a
“Letter of Credit”) on behalf of itself or another Loan Party, or the amendment or extension of an existing Letter of Credit, by delivering or having such other Loan Party deliver to the Agent a completed application and agreement for
letters of credit, or request for such amendment or extension, as applicable, in such form as the Agent may specify from time to time by no later than 10:00 a.m., Pittsburgh time, at least three (3) Business Days, or such shorter period as may
be agreed to by the Agent, in advance of the proposed date of issuance. Each Letter of Credit issued under this Section shall be a Standby Letter of Credit. Unless the Agent has received notice from any Lender or any Loan Party, at least one
(1) day prior to the requested date of issuance, amendment or extension of the applicable Letter of Credit, that one or more of the applicable conditions in Section 6 is not satisfied, then, subject to the terms and conditions hereof and
in reliance on the agreements of the other Lenders set forth in this Section 2.9, the Agent or any of the Agent’s Affiliates will issue a Letter of Credit or agree to such amendment or extension, provided, that each Letter of Credit
shall (A) have a maximum maturity of twelve (12) months from the date of issuance, and (B) in no event expire later than five (5) Business Days prior to the Expiration Date and providing that in no event shall (i) the
Letters of Credit Outstanding exceed, at any one time, $10,000,000 or (ii) the Facility Usage exceed, at any one time, the Commitments. Schedule 2.9.1 sets forth letters of credit, issued by Agent and the Agent’s Affiliates as an
“issuing bank” under the Prior Credit Agreement, which are outstanding as of the Closing Date (the “Existing Letters of Credit”). It is expressly agreed that the Existing Letters of Credit are Letters of Credit under this
Agreement. 
 Notwithstanding any other provision hereof, neither Agent nor any of the Agent’s Affiliates shall be
required to issue any Letter of Credit, if any Lender is at such time a Defaulting Lender hereunder, unless the Agent has entered into satisfactory arrangements with the Borrower or such Defaulting Lender to eliminate the Agent’s (or any of the
Agent’s Affiliate’s) risk with respect to such Defaulting Lender (it being understood that the Agent or such Affiliate of the Agent would consider the Borrower or the Defaulting Lender providing cash collateral to the Agent, for the
benefit of the Agent or such Affiliate of the Agent, to secure the Defaulting Lender’s Ratable Share of the Letter of Credit, a satisfactory arrangement). 

2.9.2 Letter of Credit Fees. 

The Borrower shall pay (i) to the Agent for the ratable account of the Lenders a fee (the “Letter of Credit Fee”) equal
to the Euro-Rate Margin then in effect according 
  

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to the pricing grid on Schedule 1.1(A), and (ii) to the Agent for its own account a fronting fee equal to 0.125% per annum (in each case computed on the basis of a year of 360 days and
actual days elapsed), which fees shall be computed on the daily average Letters of Credit Outstanding and shall be payable quarterly in arrears commencing with the first day of each April, July, October and January following issuance of each Letter
of Credit and on the Expiration Date. The Borrower shall also pay to the Agent for the Agent’s sole account the Agent’s then in effect customary fees and administrative expenses payable with respect to the Letters of Credit as the Agent
may generally charge or incur from time to time in connection with the issuance, maintenance, modification (if any), amendment, assignment or transfer (if any), negotiation, and administration of Letters of Credit. 

2.9.3 Disbursements, Reimbursement. 

2.9.3.1 Immediately upon the Issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and
unconditionally agrees to, purchase from the Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Lender’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit
and the amount of such drawing, respectively. 
 2.9.3.2 In the event of any request for a drawing under a Letter of Credit by
the beneficiary or transferee thereof, the Agent will promptly notify the Borrower. Provided that it shall have received such notice, the Borrower shall reimburse (such obligation to reimburse the Agent shall sometimes be referred to as a
“Reimbursement Obligation”) the Agent prior to 12:00 noon, Pittsburgh time on each date that an amount is paid by the Agent under any Letter of Credit (each such date, an “Drawing Date”) in an amount equal to the amount so paid
by the Agent. In the event the Borrower fails to reimburse the Agent for the full amount of any drawing under any Letter of Credit by 12:00 noon, Pittsburgh time, on the Drawing Date, the Agent will promptly notify each Lender thereof, and the
Borrower shall be deemed to have requested that Loans be made by the Lenders under the Base Rate Option to be disbursed on the Drawing Date under such Letter of Credit, subject to the amount of the unutilized portion of the Commitment and subject to
the conditions set forth in Section 6.2 [Each Additional Loan] other than any notice requirements. Any notice given by the Agent pursuant to this Section 2.9.3.2 may be oral if immediately confirmed in writing; provided, that the
lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 
 2.9.3.3 Each
Lender shall upon any notice pursuant to Section 2.9.3.2 make available to the Agent an amount in immediately available funds equal to its Ratable Share of the amount of the drawing, whereupon the participating Lenders shall (subject to
Section 2.9.3.4) each be deemed to have made a Loan under the Base Rate Option to the Borrower in that amount. If any Lender so notified fails to make available to the Agent for the account of the Agent the amount of such Lender’s Ratable
Share of such amount by no later than 2:00 p.m., Pittsburgh time on the Drawing Date, then interest shall accrue on such Lender’s obligation to make such payment, from the Drawing Date to the date on which such Lender makes such payment
(i) at a rate per annum equal to the Federal Funds Effective Rate during the first three days following the Drawing Date and (ii) at a rate per annum equal to the rate applicable to Loans under the Base Rate Option on and after the fourth
day following the 
  

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Drawing Date. The Agent will promptly give notice of the occurrence of the Drawing Date, but failure of the Agent to give any such notice on the Drawing Date or in sufficient time to enable any
Lender to effect such payment on such date shall not relieve such Lender from its obligation under this Section 2.9.3.3. 

2.9.3.4 With respect to any unreimbursed drawing that is not converted into Loans under the Base Rate Option to the Borrower in whole or
in part as contemplated by Section 2.9.3.2, because of the Borrower’s failure to satisfy the conditions set forth in Section 6.2 [Each Additional Loan] other than any notice requirements or for any other reason, the Borrower shall be
deemed to have incurred from the Agent a borrowing (each a “Letter of Credit Borrowing”) in the amount of such drawing. Such Letter of Credit Borrowing shall be due and payable on demand (together with interest) and shall bear interest at
the rate per annum applicable to the Loans under the Base Rate Option. Each Lender’s payment to the Agent pursuant to Section 2.9.3.3 shall be deemed to be a payment in respect of its participation in such Letter of Credit Borrowing and
shall constitute a “Participation Advance” from such Lender in satisfaction of its participation obligation under this Section 2.9.3. 

2.9.4 Repayment of Participation Advances. 

2.9.4.1 Upon (and only upon) receipt by the Agent for its account of immediately available funds from the Borrower (i) in
reimbursement of any payment made by the Agent under the Letter of Credit with respect to which any Lender has made a Participation Advance to the Agent, or (ii) in payment of interest on such a payment made by the Agent under such a Letter of
Credit, the Agent will pay to each Lender, in the same funds as those received by the Agent, the amount of such Lender’s Ratable Share of such funds, except the Agent shall retain the amount of the Ratable Share of such funds of any Lender that
did not make a Participation Advance in respect of such payment by Agent. 
 2.9.4.2 If the Agent is required at any time to
return to any Loan Party, or to a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceeding, any portion of the payments made by any Loan Party to the Agent pursuant to Section 2.9.4.1 in reimbursement of a payment
made under the Letter of Credit or interest or fee thereon, each Lender shall, on demand of the Agent, forthwith return to the Agent the amount of its Ratable Share of any amounts so returned by the Agent plus interest thereon from the date such
demand is made to the date such amounts are returned by such Lender to the Agent, at a rate per annum equal to the Federal Funds Effective Rate in effect from time to time. 

2.9.5 Documentation. 

Each Loan Party agrees to be bound by the terms of the Agent’s application and agreement for letters of credit and the Agent’s
written regulations and customary practices relating to letters of credit, though such interpretation may be different from such Loan Party’s own. In the event of a conflict between such application or agreement and this Agreement, this
Agreement shall govern. It is understood and agreed that, except in the case of gross negligence or willful misconduct, the Agent shall not be liable for any error, negligence and/or mistakes,

  

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whether of omission or commission, in following any Loan Party’s instructions or those contained in the Letters of Credit or any modifications, amendments or supplements thereto. 

2.9.6 Determinations to Honor Drawing Requests. 

In determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, the Agent shall be
responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of Credit. 

2.9.7 Nature of Participation and Reimbursement Obligations. 

Each Lender’s obligation in accordance with this Agreement to make the Loans or Participation Advances, as contemplated by
Section 2.9.3, as a result of a drawing under a Letter of Credit, and the Obligations of the Borrower to reimburse the Agent upon a draw under a Letter of Credit, shall be absolute, unconditional and irrevocable, and shall be performed strictly
in accordance with the terms of this Section 2.9 under all circumstances, including the following circumstances: 
 (i)
any set-off, counterclaim, recoupment, defense or other right which such Lender may have against the Agent or any of its Affiliates, the Borrower, or any other Person for any reason whatsoever, or which any Loan Party may have against the Agent or
any of its Affiliates, any Lender or any other Person for any reason whatsoever; 
 (ii) the failure of any Loan Party or any
other Person to comply, in connection with a Letter of Credit Borrowing, with the conditions set forth in Section 2.1 [Commitments], 2.5 [Loan Requests], 2.6 [Making Loans] or 6.2 [Each Additional Loan] or as otherwise set forth in this
Agreement for the making of a Loan, it being acknowledged that such conditions are not required for the making of a Letter of Credit Borrowing and the obligation of the Lenders to make Participation Advances under Section 2.9.3; 

(iii) any lack of validity or enforceability of any Letter of Credit; 

(iv) any claim of breach of warranty that might be made by any Loan Party or any Lender against any beneficiary of a Letter of Credit,
or the existence of any claim, set-off, recoupment, counterclaim, crossclaim, defense or other right which any Loan Party or any Lender may have at any time against a beneficiary, successor beneficiary any transferee or assignee of any Letter of
Credit or the proceeds thereof (or any Persons for whom any such transferee may be acting), the Agent or its Affiliates or any Lender or any other Person or, whether in connection with this Agreement, the transactions contemplated herein or any
unrelated transaction (including any underlying transaction between any Loan Party or Subsidiaries of a Loan Party and the beneficiary for which any Letter of Credit was procured); 

(v) the lack of power or authority of any signer of (or any defect in or forgery of any signature or endorsement on) or the form of or
lack of validity, 
  

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sufficiency, accuracy, enforceability or genuineness of any draft, demand, instrument, certificate or other document presented under or in connection with any Letter of Credit, or any fraud or
alleged fraud in connection with any Letter of Credit, or the transport of any property or provisions of services relating to a Letter of Credit, in each case even if the Agent or any of the Agent’s Affiliates has been notified thereof;

 (vi) payment by the Agent or any of its Affiliates under any Letter of Credit against presentation of a demand, draft or
certificate or other document which does not comply with the terms of such Letter of Credit; 
 (vii) the solvency of, or any
acts of omissions by, any beneficiary of any Letter of Credit, or any other Person having a role in any transaction or obligation relating to a Letter of Credit, or the existence, nature, quality, quantity, condition, value or other characteristic
of any property or services relating to a Letter of Credit; 
 (viii) any failure by the Agent or any of Agent’s
Affiliates to issue any Letter of Credit in the form requested by any Loan Party, unless the Agent has received written notice from such Loan Party of such failure within three Business Days after the Agent shall have furnished such Loan Party a
copy of such Letter of Credit and such error is material and no drawing has been made thereon prior to receipt of such notice; 

(ix) any adverse change in the business, operations, properties, assets, condition (financial or otherwise) or prospects of any Loan
Party or Subsidiaries of a Loan Party; 
 (x) any breach of this Agreement or any other Loan Document by any party thereto;

 (xi) the occurrence or continuance of an Insolvency Proceeding with respect to any Loan Party; 

(xii) the fact that an Event of Default or a Potential Default shall have occurred and be continuing; 

(xiii) the fact that the Expiration Date shall have passed or this Agreement or the Commitments hereunder shall have been terminated and

 (xiv) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing. 

2.9.8 Indemnity. 

In addition to amounts payable as provided in Section 9.5 [Reimbursement and Indemnification of Agent by the Borrower], the
Borrower hereby agrees to protect, indemnify, pay and save harmless the Agent and any of Agent’s Affiliates that has issued a Letter of Credit from and against any and all claims, demands, liabilities, damages, taxes, penalties, interest,
judgments, losses, costs, charges and expenses (including reasonable fees, expenses and 
  

 36 

 
disbursements of counsel) which the Agent or any of Agent’s Affiliates may incur or be subject to as a consequence, direct or indirect, of the issuance of any Letter of Credit, other than as
a result of (i) the gross negligence or willful misconduct of the Agent as determined by a final non-appealable judgment of a court of competent jurisdiction or (ii) the wrongful dishonor by the Agent or any of Agent’s Affiliates of a
proper demand for payment made under any Letter of Credit, except if such dishonor resulted from any act or omission, whether rightful or wrongful, of any present or future de jure or de facto government or governmental authority (all such acts or
omissions herein called “Governmental Acts”). 
 2.9.9 Liability for Acts and Omissions. 

As between any Loan Party and the Agent, or the Agent’s Affiliates, such Loan Party assumes all risks of the acts and omissions of,
or misuse of the Letters of Credit by, the respective beneficiaries of such Letters of Credit. In furtherance and not in limitation of the foregoing, the Agent shall not be responsible for any of the following including any losses or damages to any
Loan Party or other Person or property relating therefrom: (i) the form, validity, sufficiency, accuracy, genuineness or legal effect of any document submitted by any party in connection with the application for an issuance of any such Letter
of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged (even if the Agent or the Agent’s Affiliates shall have been notified thereof); (ii) the validity or
sufficiency of any instrument transferring or assigning or purporting to transfer or assign any such Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any
reason; (iii) the failure of the beneficiary of any such Letter of Credit, or any other party to which such Letter of Credit may be transferred, to comply fully with any conditions required in order to draw upon such Letter of Credit or any
other claim of any Loan Party against any beneficiary of such Letter of Credit, or any such transferee, or any dispute between or among any Loan Party and any beneficiary of any Letter of Credit or any such transferee; (iv) errors, omissions,
interruptions or delays in transmission or delivery of any messages, by mail, cable, telegraph, telex or otherwise, whether or not they be in cipher; (v) errors in interpretation of technical terms; (vi) any loss or delay in the
transmission or otherwise of any document required in order to make a drawing under any such Letter of Credit or of the proceeds thereof; (vii) the misapplication by the beneficiary of any such Letter of Credit of the proceeds of any drawing
under such Letter of Credit; or (viii) any consequences arising from causes beyond the control of the Agent or the Agent’s Affiliates, as applicable, including any Governmental Acts, and none of the above shall affect or impair, or prevent
the vesting of, any of the Agent’s or the Agent’s Affiliates rights or powers hereunder. Nothing in the preceding sentence shall relieve the Agent from liability for the Agent’s gross negligence or willful misconduct in connection
with actions or omissions described in such clauses (i) through (viii) of such sentence. In no event shall the Agent or the Agent’s Affiliates be liable to any Loan Party for any indirect, consequential, incidental, punitive,
exemplary or special damages or expenses (including without limitation attorneys’ fees), or for any damages resulting from any change in the value of any property relating to a Letter of Credit. 

Without limiting the generality of the foregoing, the Agent and each of its Affiliates: (i) may rely on any oral or other
communication believed in good faith by the Agent or such Affiliate to have been authorized or given by or on behalf of the applicant for a Letter of 

 

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Credit; (ii) may honor any presentation if the documents presented appear on their face to substantially comply with the terms and conditions of the relevant Letter of Credit; (iii) may
honor a previously dishonored presentation under a Letter of Credit, whether such dishonor was pursuant to a court order, to settle or compromise any claim of wrongful dishonor, or otherwise, and shall be entitled to reimbursement to the same extent
as if such presentation had initially been honored, together with any interest paid by the Agent or its Affiliate; (iv) may honor any drawing that is payable upon presentation of a statement advising negotiation or payment, upon receipt of such
statement (even if such statement indicates that a draft or other document is being delivered separately), and shall not be liable for any failure of any such draft or other document to arrive, or to conform in any way with the relevant Letter of
Credit; (v) may pay any paying or negotiating bank claiming that it rightfully honored under the laws or practices of the place where such bank is located and (vi) may settle or adjust any claim or demand made on the Agent or its Affiliate
in any way related to any order issued at the applicant’s request to an air carrier, a letter of guarantee or of indemnity issued to a carrier or any similar document (each an “Order”) and honor any drawing in connection with any
Letter of Credit that is the subject to such Order, notwithstanding that any drafts or other documents presented in connection with such Letter of Credit fail to conform in any way with such Letter of Credit. 

In furtherance and extension and not in limitation of the specific provisions set forth above, any action taken or omitted by the Agent
or the Agent’s Affiliates under or in connection with the Letters of Credit issued by it or any documents and certificates delivered thereunder, if taken or omitted in good faith, shall not put the Agent or the Agent’s Affiliates under any
resulting liability to the Borrower or any Lender. 
 2.10 Increase in Commitments. 

2.10.1 Increasing Lenders and New Lenders. 

The Borrower may, at any time prior to the earlier of (i) a request for a Reduction of Commitment pursuant to Section 4.4.4 or
(ii) the Expiration Date, make a maximum of three separate requests that (a) the current Lenders (each an “Existing Lender” and collectively, the “Existing Lenders”) increase their Commitments (any Existing Lender which
elects to increase its Commitment shall be referred to as an “Increasing Lender”) or (b) one or more new banks (each a “New Lender”) join this Agreement and provide a Commitment hereunder, subject to the following terms and
conditions: 
 (i) No Obligation to Increase. No Existing Lender shall be obligated to increase its Commitment and any
increase in the Commitment by any Existing Lender shall be in the sole discretion of such Existing Lender; 
 (ii)
Defaults. There shall exist no Event of Default or Potential Default on the effective date of such increase (each such date, a “Commitment Increase Date”) after giving effect to such increase; 

 

 38 

 (iii) Aggregate Commitments. After giving effect to such increase, (a) the
total Commitments shall not exceed $1,050,000,000 and (b) the aggregate amount of all increases since the Closing Date shall not exceed $200,000,000; 

(iv) Minimum Increases; Minimum Commitments; Integral Multiples. Each such request shall be in a minimum amount of $25,000,000;

 (v) Resolutions; Opinion. The Loan Parties shall deliver to the Agent on or before the Commitment Increase Date the
following documents in form and substance reasonably satisfactory to the Agent: (1) certifications of their corporate secretaries with attached resolutions certifying that the increase in the Commitment has been approved by such Loan Parties,
and (2) an opinion of counsel addressed to the Agent and the Lenders addressing the authorization and execution of the Loan Documents by, and enforceability of the Loan Documents against, the Loan Parties; 

(vi) Notes. The Borrower shall execute and deliver (a) to each Increasing Lender a replacement Note reflecting the new
amount of such Increasing Lender’s Commitment after giving effect to the increase (and the prior Note issued to such Increasing Lender shall be deemed to be terminated and replaced) and (b) to each New Lender a Note reflecting the amount
of such New Lender’s Commitment; 
 (vii) Approval. The Agent shall have approved of (based on Agent’s
reasonable satisfaction with) the Increasing Lender or New Lender, as the case may be, that is providing such increase and the amount of the increase by each such Increasing Lender or New Lender; 

(viii) Increasing Lenders. If any portion of the increase in Commitments is being provided by one or more Increasing Lenders,
then such Increasing Lenders shall confirm their agreement to increase their Commitment pursuant to a Commitment Increase Agreement in substantially the form of Exhibit 2.10(A) signed by them, the Agent and the Loan Parties and delivered to the
Agent at least five (5) Business Day before the Commitment Increase Date and 
 (ix) New Lenders —Joinder. If
the Borrower desires that one or more New Lenders provide all or a portion of such increase in Commitments, then such New Lender, the Loan Parties and the Agent shall execute a Lender Joinder and Assumption Agreement in substantially the form of
Exhibit 2.10(B), pursuant to which the New Lender shall join and become a party to this Agreement and the other Loan Documents effective on the Commitment Increase Date with a Commitment in the amount set forth in Schedule 1.1(B) to such
Lender Joinder and Assumption Agreement. 
  

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 2.10.2 Treatment of Outstanding Loans and Letters of Credit. 

2.10.2.1 Repayment of Outstanding Loans, Borrowing of New Loans. 

On the Commitment Increase Date, the Borrower shall repay all outstanding Loans, subject to the Borrower’s indemnity obligations
under Section 4.6.2 [Indemnity], provided, that it may borrow new Loans with a Borrowing Date on the Commitment Increase Date and, provided further, that the Borrower and the Agent shall use reasonable efforts to try to minimize
amounts payable on account of Borrower’s indemnity obligations under Section 4.6.2 [Indemnity]. Each of the Lenders shall participate in any new Loans made on or after the Commitment Increase Date in accordance with their respective
Ratable Shares after giving effect to the increase in Commitments contemplated by this Section 2.10.2.1. 
 2.10.2.2
Outstanding Letters of Credit. 
 On each Commitment Increase Date, each Increasing Lender and each New Lender
(a) will be deemed to have purchased a participation in each then outstanding Letter of Credit equal to its Ratable Share of each such Letter of Credit and the participation of each other Lender in each such Letter of Credit shall be adjusted
accordingly and (b) will acquire, (and will pay to the Agent, for the account of each Lender, in immediately available funds) an amount equal to its Ratable Share of all outstanding Participation Advances. 

3. INTEREST RATES 

3.1 Interest Rate Options. 

The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by the Borrower from the
Base Rate Option or Euro-Rate Option set forth below applicable to the Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and different Interest Periods to apply
simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche; provided, that there shall not
be at any one time outstanding more than eight (8) Borrowing Tranches in the aggregate among all of the Loans, and, provided further, that only the Base Rate Option shall apply to the Swing Loans and provided, further, that if an
Event of Default or Potential Default exists and is continuing, the Borrower may not request, convert to, or renew the Euro-Rate Option for any Loans and the Required Lenders may demand that all existing Borrowing Tranches bearing interest under the
Euro-Rate Option shall be converted immediately to the Base Rate Option, subject to the obligation of the Borrower to pay any indemnity under Section 4.6.2 in connection with such conversion. If at any time the designated rate applicable to any
Loan made by any Lender exceeds such Lender’s highest lawful rate, the rate of interest on such Lender’s Loan shall be limited to such Lender’s highest lawful rate. 

 

 40 

 3.1.1 Interest Rate Options. 

The Borrower shall have the right to select from the following Interest Rate Options applicable to the Loans (subject to the provisions
above regarding Swing Loans): 
 (i) Base Rate Option: A fluctuating rate per annum (computed on the basis of a year of
365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate or

 (ii) Euro-Rate Option: A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal
to the Euro-Rate plus the Applicable Margin. 
 3.1.2 Rate Quotations. 

The Borrower may call the Agent on or before the date on which a Loan Request is to be delivered to receive an indication of the rates
then in effect, but it is acknowledged that such projection shall not be binding on the Agent or the Lenders nor affect the rate of interest which thereafter is actually in effect when the election is made. 

3.2 Interest Periods. 

At any time when the Borrower shall select, convert to or renew a Euro-Rate Option, the Borrower shall notify the Agent thereof at least
three (3) Business Days prior to the effective date of such Euro-Rate Option by delivering a Loan Request. The notice shall specify an Interest Period during which such Interest Rate Option shall apply. Notwithstanding the preceding sentence,
the following provisions shall apply to any selection of, renewal of, or conversion to a Euro-Rate Option: 
 3.2.1
Renewals. 
 In the case of the renewal of a Euro-Rate Option at the end of an Interest Period, the first day of the new
Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day. 

3.3 Interest After Default. 

To the extent permitted by Law, upon the occurrence of an Event of Default and at the discretion of the Agent (or upon the occurrence of
an Event of Default and upon written demand by the Required Lenders to the Agent), until such time such Event of Default shall have been cured or waived: 

3.3.1 Letter of Credit Fees, Interest Rate. 

The Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.9.2 [Letter of Credit
Fees] or Section 3.1 [Interest Rate Options], 
  

 41 

 
respectively, shall bear interest at a rate per annum equal to the sum of the interest applicable under the Base Rate Option plus an additional 2.0% per annum; and 

3.3.2 Other Obligations. 

Each other Obligation hereunder if not paid when due shall bear interest at a rate per annum equal to the sum of the rate of interest
applicable under the Base Rate Option plus an additional 2.0% per annum from the time such Obligation becomes due and payable and until it is paid in full; and 

3.3.3 Acknowledgment. 

The Borrower acknowledges that the increase in rates referred to in this Section 3.3 reflects, among other things, the fact that
such Loans or other amounts have become a substantially greater risk given their default status and that the Lenders are entitled to additional compensation for such risk; and all such interest shall be payable by the Borrower upon demand by Agent.

 3.4 Euro-Rate Unascertainable; Illegality; Increased Costs; Deposits Not Available. 

3.4.1 Unascertainable. 

If on any date on which a Euro-Rate would otherwise be determined, the Agent shall have determined that (i) adequate and reasonable
means do not exist for ascertaining such Euro-Rate or (ii) a contingency has occurred which materially and adversely affects the London interbank eurodollar market relating to the Euro-Rate, then the Agent shall have the rights specified in
Section 3.4.3. 
 3.4.2 Illegality; Increased Costs; Deposits Not Available. 

If at any time any Lender shall have determined that: 

(i) the making, maintenance or funding of any Loan to which a Euro-Rate Option applies has been made impracticable or unlawful by
compliance by such Lender in good faith with any Law or any interpretation or application thereof by any Official Body or with any request or directive of any such Official Body (whether or not having the force of Law), or 

(ii) such Euro-Rate Option will not adequately and fairly reflect the cost to such Lender of the establishment or maintenance of any
such Loan, or 
 (iii) after making all reasonable efforts, deposits of the relevant amount in Dollars for the relevant
Interest Period for a Loan, or to banks generally, to which a Euro-Rate Option applies, respectively, are not available to such Lender with respect to such Loan, or to banks generally, in the interbank eurodollar market, then the Agent shall have
the rights specified in Section 3.4.3.
  

 42 

 3.4.3 Agent’s and Lender’s Rights. 

In the case of any event specified in Section 3.4.1 above, the Agent shall promptly so notify the Lenders and the Borrower thereof,
and in the case of an event specified in Section 3.4.2 above, such Lender shall promptly so notify the Agent and endorse a certificate to such notice as to the specific circumstances of such notice, and the Agent shall promptly send copies of
such notice and certificate to the other Lenders and the Borrower. Upon such date as shall be specified in such notice (which shall not be earlier than the date such notice is given), the obligation of (i) the Lenders, in the case of such
notice given by the Agent, or (ii) such Lender, in the case of such notice given by such Lender, to allow the Borrower to select, convert to or renew a Euro-Rate Option shall be suspended until the Agent shall have later notified the Borrower,
or such Lender shall have later notified the Agent, of the Agent’s or such Lender’s, as the case may be, determination that the circumstances giving rise to such previous determination no longer exist. If at any time the Agent makes a
determination under Section 3.4.1 and the Borrower has previously notified the Agent of its selection of, conversion to or renewal of a Euro-Rate Option and such Interest Rate Option has not yet gone into effect, such notification shall be
deemed to provide for selection of, conversion to or renewal of the Base Rate Option otherwise available with respect to such Loans. If any Lender notifies the Agent of a determination under Section 3.4.2, on the date specified in such notice,
the Borrower shall, subject to the Borrower’s indemnification Obligations under Section 4.6.2 [Indemnity], as to any Loan of the Lender to which a Euro-Rate Option applies, either convert such Loan to the Base Rate Option otherwise
available with respect to such Loan or prepay such Loan in accordance with Section 4.4 [Voluntary Prepayments]. Absent due notice from the Borrower of conversion or prepayment, such Loan shall automatically be converted to the Base Rate Option
otherwise available with respect to such Loan upon such specified date. 
 3.5 Selection of Interest Rate Options.

 If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option
at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 3.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate
Option commencing upon the last day of the existing Interest Period. 
 4. PAYMENTS 

4.1 Payments 

4.1.1 Payment Requirements. 

All payments and prepayments to be made in respect of principal, interest, Commitment Fees, Letter of Credit Fees, Agent’s Fee or
other fees or amounts due from the Borrower hereunder shall be payable prior to 12:00 noon, Pittsburgh time, on the date when due without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived by the Borrower,
and without set-off, counterclaim or other deduction of any nature, and 
  

 43 

 
an action therefor shall immediately accrue. Such payments shall be made to the Agent at the Principal Office for the account of PNC Bank with respect to the Swing Loans and for the ratable
accounts of the Lenders with respect to the Loans in U.S. Dollars and in immediately available funds, and the Agent shall promptly distribute such amounts to the Lenders in immediately available funds; provided, that in the event payments are
received by 12:00 noon, Pittsburgh time, by the Agent with respect to the Loans and such payments are not distributed to the Lenders on the same day received by the Agent, the Agent shall pay the Lenders the Federal Funds Effective Rate with respect
to the amount of such payments for each day held by the Agent and not distributed to the Lenders. The Agent’s and each Lender’s statement of account, ledger or other relevant record shall, in the absence of manifest error, be conclusive as
the statement of the amount of principal of and interest on the Loans and other amounts owing under this Agreement and shall be deemed an “account stated.” 

4.2 Pro Rata Treatment of Lenders. 

Each borrowing shall be allocated to each Lender according to its Ratable Share, and each selection of, conversion to or renewal of any
Interest Rate Option and each payment or prepayment by the Borrower or any other Loan Party with respect to principal, interest, Commitment Fees, Letter of Credit Fees or other fees (except for the Agent’s Fee) or amounts due from the Borrower
or any other Loan Party hereunder to the Lenders with respect to the Commitments and the Loans, shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Section 3.4.3 [Agent’s and
Lender’s Rights] in the case of an event specified in Section 3.4 [Euro-Rate Unascertainable; Etc.], 4.4.2 [Replacement of a Lender] or 4.6 [Additional Compensation in Certain Circumstances]) be made in proportion to the applicable Loans
outstanding from each Lender entitled to such payment and, if no such Loans are then outstanding, in proportion to the Ratable Share of each Lender entitled to such payment. Notwithstanding any of the foregoing, each borrowing or payment or
prepayment by the Borrower of principal, interest, fees or other amounts from the Borrower with respect to Swing Loans shall be made by or to PNC Bank according to Section 2. 

4.3 Interest Payment Dates. 

Interest on Loans to which the Base Rate Option applies shall be due and payable in arrears on the first day of each April, July,
October and January after the date hereof and on the Expiration Date or upon acceleration of the Notes. Interest on Loans to which the Euro-Rate Option applies shall be due and payable on the last day of each Interest Period for those Loans and, if
such Interest Period is longer than three (3) Months, also on the 90th day of such Interest Period. Interest on mandatory prepayments of principal under Section 4.5 [Mandatory Prepayments] shall be due on the date such mandatory prepayment
is due. Interest on the principal amount of each Loan or other monetary Obligation shall be due and payable on demand after such principal amount or other monetary Obligation becomes due and payable (whether on the stated maturity date, upon
acceleration or otherwise). 
  

 44 

 4.4 Voluntary Prepayments. 

4.4.1 Right to Prepay. 

The Borrower shall have the right at its option from time to time to prepay the Loans in whole or part without premium or penalty
(except as provided in Section 4.4.2 below or in Section 4.6 [Additional Compensation in Certain Circumstances]): 

(i) at any time with respect to any Loan to which the Base Rate Option applies; 

(ii) on the last day of the applicable Interest Period with respect to Loans to which a Euro-Rate Option applies and 

(iii) on the date specified in a notice by any Lender pursuant to Section 3.4 [Euro-Rate Unascertainable, Etc.] with respect to any
Loan to which a Euro-Rate Option applies. 
 Whenever the Borrower desires to prepay any part of the Loans, the Borrower shall
provide a prepayment notice to the Agent by 1:00 p.m. at least one (1) Business Day prior to the date of prepayment of the Loans or not later than 2:00 p.m., Pittsburgh time, on the date of prepayment of Swing Loans, setting forth the following
information: 
 (x) the date, which shall be a Business Day, on which the proposed prepayment is to be made;

 (y) a statement indicating the application of the prepayment between the Swing Loans and the Loans; and

 (z) the total principal amount of such prepayment, which shall not be less than (1) $100,000 for any
Swing Loan or Loans to which a Base Rate Option applies and (2) $1,000,000 for any Loans to which a Euro-Rate Option applies. 

All prepayment notices shall be irrevocable. The principal amount of the Loans for which a prepayment notice is given, together with
interest on such principal amount except with respect to Loans to which the Base Rate Option applies, shall be due and payable on the date specified in such prepayment notice as the date on which the proposed prepayment is to be made. Except as
provided in Section 3.4.3 [Agent’s and Lender’s rights], if the Borrower prepays a Loan but fails to specify the applicable Borrowing Tranche which the Borrower is prepaying, the prepayment shall be applied first to Loans to which the
Base Rate Option applies, then to Loans to which the Euro-Rate Option applies. Any prepayment hereunder shall be subject to the Borrower’s Obligation to indemnify the Lenders under Section 4.6.2 [Indemnity]. 

4.4.2 Replacement of a Lender. 

In the event any Lender (i) gives notice under Section 3.4 [Euro-Rate Unascertainable, Etc.] or Section 4.6.1 [Increased
Costs, Etc.], (ii) does not fund Loans because 
  

 45 

 
the making of such Loans would contravene any Law applicable to such Lender, (iii) becomes a Nonconsenting Lender or (iv) becomes subject to the control of an Official Body (other than
normal and customary supervision), then the Borrower shall have the right at its option, with the consent of the Agent, which shall not be unreasonably withheld, to prepay the Loans of such Lender in whole, together with all interest accrued
thereon, and terminate such Lender’s Commitment within ninety (90) days after (w) receipt of such Lender’s notice under Section 3.4 [Euro-Rate Unascertainable, Etc.] or 4.6.1 [Increased Costs, Etc.], (x) the date such
Lender has failed to fund Loans because the making of such Loans would contravene Law applicable to such Lender, (y) such Lender becomes a Nonconsenting Lender or (z) the date such Lender became subject to the control of an Official Body,
as applicable; provided, that the Borrower shall also pay to such Lender at the time of such prepayment any amounts required under Section 4.6 [Additional Compensation in Certain Circumstances] and any accrued interest due on such amount
and any related fees; provided, however, that the Commitment of such Lender shall be provided by one or more of the remaining Lenders or a replacement bank acceptable to the Agent; provided further, the remaining Lenders
shall have no obligation hereunder to increase their Commitments. Notwithstanding the foregoing, the Agent may only be replaced subject to the requirements of Section 9.14 [Successor Agent] and provided, that all Letters of Credit have
expired or been terminated or replaced or cash-collateralized. 
 4.4.3 Change of Lending Office. 

Each Lender agrees that upon the occurrence of any event giving rise to increased costs or other special payments under
Section 3.4.2 [Illegality, Etc.] or 4.6.1 [Increased Costs, Etc.] with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such Lender) to designate another lending
office for any Loans or Letters of Credit affected by such event; provided, that such designation is made on such terms that such Lender and its lending office suffer no economic, legal or regulatory disadvantage, with the object of avoiding
the consequence of the event giving rise to the operation of such Section. Nothing in this Section 4.4.3 shall affect or postpone any of the Obligations of the Borrower or any other Loan Party or the rights of the Agent or any Lender provided
in this Agreement. 
 4.4.4 Reduction of Commitment. 

The Borrower shall have the right at any time and from time to time upon five (5) Business Days’ prior written notice to Agent
to permanently and ratably reduce, in whole multiples of $1,000,000 of principal, or terminate the Commitments without penalty or premium, except as hereinafter set forth, provided, that any such reduction or termination shall be accompanied
by (i) the payment in full of any Commitment Fee and other fees then accrued on the amount of such reduction or termination and (ii) prepayment of the Notes (together with cash collateralization, if necessary, of the Letters of Credit),
together with the full amount of interest accrued on the principal sum to be prepaid (and all amounts referred to in Section 4.6 [Additional Compensation in Certain Circumstances]), to the extent that the aggregate amount thereof then outstanding
exceeds the Commitments as so reduced or terminated. From the effective date of any such reduction or termination, the obligations of the Borrower to pay the Commitment Fee shall correspondingly be reduced or cease, as the case may be. 

 

 46 

 4.5 Mandatory Prepayments. 

4.5.1 Sale of Assets. 

Promptly after the receipt of proceeds from any sale, lease or transfer of assets authorized by Section 7.2.7(v) (which are not
reinvested in the time period set forth therein), the Borrower shall promptly make a mandatory prepayment of principal on the Loans, subject to the terms in Section 4.5.5, equal to the net after-tax proceeds of such sale (as estimated in good faith
by the Borrower) (the “Sale Proceeds”). 
 4.5.2 Debt or Equity Offering. 

Within five (5) Business Days of (i) any receipt of any funds resulting from additional member interests being issued in any
Loan Party or partnership interests being issued in Parent (other than the issuance of the Parent’s equity interests in connection with a Permitted Acquisition) or (ii) any proceeds of Indebtedness incurred by any of the Loan Parties other
than Indebtedness permitted under Section 7.2.1, the Borrower shall promptly make a mandatory prepayment of principal on the Loans, subject to the terms in Section 4.5.5, equal to the net after-tax proceeds of such equity or debt offering (as
estimated in good faith by the Borrower) unless such proceeds are promptly used for making a prepayment on Indebtedness of the type described in Section 7.2.1(viii). 

4.5.3 Insurance or Condemnation Proceeds. 

Within one hundred eighty (180) days of any receipt of insurance or condemnation proceeds, which individually or in the aggregate,
involve more than $10,000,000 in any fiscal year, subject to the ability of the Loan Parties to reinvest such proceeds (the “Insurance Proceeds”), the Borrower shall have reinvested the after-tax proceeds of such Insurance Proceeds in
replacement or substitute assets or the Borrower shall make a mandatory prepayment of principal on the Loans equal to the net after-tax proceeds of such Insurance Proceeds. 

4.5.4 Purchase Price Adjustment. 

Within one hundred eighty (180) days of any receipt of funds resulting from any purchase price adjustment involving more than
$10,000,000 on account of any Permitted Acquisition (a “Purchase Price Adjustment”), the Borrower shall make a mandatory prepayment of principal on the Loans, subject to the terms in Section 4.5.5, equal to the net after-tax proceeds of
such Purchase Price Adjustment. 
 4.5.5 Application of Prepayments on and Reduction in Commitments. 

To the extent that the cumulative, aggregate amount of Sale Proceeds, Insurance Proceeds and Purchase Price Adjustments received by the
Loan Parties exceeds 10% of Consolidated Assets, all proceeds of the foregoing shall be promptly applied to (i) prepay the Loans, and (ii) the Commitments shall be automatically and irrevocably reduced by the principal amount so prepaid
under clause (i) above. 
  

 47 

 4.5.6 Application Among Interest Rate Options. 

All prepayments required pursuant to this Section 4.5 shall first be applied to the principal amount of the Loans subject to the
Base Rate Option and accrued and unpaid interest thereon, then to Loans subject to a Euro-Rate Option and accrued and unpaid interest thereon. In accordance with Section 4.6.2 [Indemnity], the Borrower shall indemnify the Lenders for any loss
or expense, including loss of margin, incurred with respect to any such prepayments applied against Loans subject to a Euro-Rate Option on any day other than the last day of the applicable Interest Period. 

4.6 Additional Compensation in Certain Circumstances. 

4.6.1 Increased Costs or Reduced Return Resulting from Taxes, Reserves, Capital Adequacy Requirements, Expenses, Etc. 

If any Law, guideline or interpretation or any change in any Law, guideline or interpretation or application thereof by any Official
Body charged with the interpretation or administration thereof or compliance with any request or directive (whether or not having the force of Law) of any central bank or other Official Body: 

(i) subjects any Lender to any tax or changes the basis of taxation with respect to this Agreement, the Notes, the Loans or payments by
the Borrower of principal, interest, Commitment Fees or other amounts due from the Borrower hereunder or under the Notes (except for taxes on the overall net income of such Lender), 

(ii) imposes, modifies or deems applicable any reserve, special deposit or similar requirement against credits or commitments to extend
credit extended by, or assets (funded or contingent) of, deposits with or for the account of, or other acquisitions of funds by, any Lender or 

(iii) imposes, modifies or deems applicable any capital adequacy or similar requirement (A) against assets (funded or contingent)
of, or letters of credit, other credits or commitments to extend credit extended by, any Lender or (B) otherwise applicable to the obligations of any Lender under this Agreement, 

and the result of any of the foregoing is to increase the cost to, reduce the income receivable by, or impose any expense (including loss of margin) upon
any Lender with respect to this Agreement, the Notes or the making, maintenance or funding of any part of the Loans (or, in the case of any capital adequacy or similar requirement, to have the effect of reducing the rate of return on any
Lender’s capital, taking into consideration such Lender’s customary policies with respect to capital adequacy) by an amount which such Lender in its sole discretion deems to be material, such Lender shall from time to time notify the
Borrower and the Agent of the amount determined in good faith (using any averaging and attribution methods employed in good faith) by such Lender to be necessary to compensate such Lender for such increase in cost, reduction of income, additional
expense or reduced rate of return. Such notice shall set forth in reasonable 
  

 48 

 
detail the basis for such determination. Such amount shall be due and payable by the Borrower to such Lender ten (10) Business Days after such notice is given. 

4.6.2 Indemnity. 

In addition to the compensation required by Section 4.6.1 [Increased Costs, Etc.], the Borrower shall indemnify each Lender against
all liabilities, losses or expenses (including any foreign exchange losses and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan, from fees payable to terminate the deposits from which
such funds were obtained or from the performance of any foreign exchange contract) which such Lender sustains or incurs as a consequence of any 

(i) payment, prepayment, conversion or renewal of any Loan to which a Euro-Rate Option applies on a day other than the last day of the
corresponding Interest Period (whether or not such payment or prepayment is mandatory, voluntary or automatic and whether or not such payment or prepayment is then due), 

(ii) attempt by the Borrower to revoke (expressly, by later inconsistent notices or otherwise) in whole or part any Loan Requests under
Section 2.5 [Loan Requests] or Section 3.2 [Interest Periods] or notice relating to prepayments under Section 4.4 [Voluntary Prepayments] or 

(iii) default by any Loan Party in the performance or observance of any covenant or condition contained in this Agreement or any other
Loan Document, including any failure of the Borrower to pay when due (by acceleration or otherwise) any principal, interest, Commitment Fee or any other amount due hereunder. 

If any Lender sustains or incurs any such loss or expense, it shall from time to time notify the Borrower of the amount determined in
good faith by such Lender (which determination may include such assumptions, allocations of costs and expenses and averaging or attribution methods as such Lender shall deem reasonable) to be necessary to indemnify such Lender for such loss or
expense. Such notice shall set forth in reasonable detail the basis for such determination. Such amount shall be due and payable by the Borrower to such Lender ten (10) Business Days after such notice is given. 

4.7 Settlement Date Procedures. 

In order to minimize the transfer of funds between the Lenders and the Agent, the Borrower may borrow, repay and reborrow Swing Loans
and PNC Bank may make Swing Loans as provided in Section 2.6.2 hereof during the period between Settlement Dates. Not later than 12:00 noon, Pittsburgh time, on each Settlement Date, the Agent shall notify each Lender of its Ratable Share of the
total of the Loans and the Swing Loans (each a “Required Share”). Prior to 2:00 p.m., Pittsburgh time, on such Settlement Date, each Lender shall pay to the Agent the amount equal to the difference between its Required Share and its Loans,
and the Agent shall pay to each Lender its Ratable Share of all payments made by the Borrower to the Agent with respect to the Loans. The Agent shall also effect settlement in accordance with the

  

 49 

 
foregoing sentence on the proposed Borrowing Dates for Loans and on mandatory prepayment dates hereunder and may at its option effect settlement on any other Business Day. These settlement
procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 4.7 shall relieve the Lenders of their obligations to fund Loans on dates other than a Settlement Date pursuant to
Section 2.8. The Agent may at any time at its option for any reason whatsoever require each Lender to pay immediately to the Agent such Lender’s Ratable Share of the outstanding Loans and each Lender may at any time require the
Agent to pay immediately to such Lender its Ratable Share of all payments made by the Borrower to the Agent with respect to the Loans. 

5. REPRESENTATIONS AND WARRANTIES 

5.1 Representations and Warranties. 

The Loan Parties, jointly and severally, represent and warrant to the Agent and each of the Lenders as follows: 

5.1.1 Organization and Qualification. 

Each Loan Party and each Restricted Subsidiary of each Loan Party is a corporation, partnership or limited liability company duly
organized, validly existing and in good standing under the laws of its jurisdiction of organization. Each Loan Party and each Restricted Subsidiary of each Loan Party has the lawful power to own or lease its properties and to engage in the business
it presently conducts or proposes to conduct. Each Loan Party and each Restricted Subsidiary of each Loan Party is duly licensed or qualified and in good standing in each jurisdiction where the property owned or leased by it or the nature of the
business transacted by it or both makes such licensing or qualification necessary, except as otherwise permitted in Section 7.2.6 [Liquidations, Mergers, Etc.] or where the failure to maintain such legal existence and license or qualification
would not result in a Material Adverse Change. 
 5.1.2 Ownership. 

The Parent is the sole member of the Borrower. As of the date of this Agreement, Penn Virginia Resource GP, LLC is the general partner
of the Parent. 
 5.1.3 Subsidiaries. 

Schedule 5.1.3 states the name of each Subsidiary of the Borrower (other than Subsidiaries which have been formed or acquired
within the past thirty (30) days and which have not yet joined as a Guarantor pursuant to Section 10.18 [Joinder of Guarantors]), its jurisdiction of incorporation, the issued and outstanding shares (referred to herein as the
“Subsidiary Shares”) if it is a corporation, partnership interests (the “Partnership Interests”) if it is a partnership, or limited liability company interests and the voting rights associated therewith (the “LLC
Interests”) if it is a limited liability company, owned by Borrower and its subsidiaries and designates each Unrestricted Subsidiary and Immaterial Subsidiary as such. The Borrower and each Restricted Subsidiary has good and marketable title to
all of the Subsidiary Shares, 
  

 50 

 
Partnership Interests and LLC Interests it purports to own, free and clear in each case (other than those of Unrestricted Subsidiaries) of any Lien other than the Liens granted under the Security
Documents. All Subsidiary Shares, Partnership Interests and LLC Interests have been validly issued, and all Subsidiary Shares are fully paid and nonassessable. All capital contributions and other consideration required to be made or paid in
connection with the issuance of the Partnership Interests and LLC Interests have been made or paid, as the case may be. There are no options, warrants or other rights outstanding to purchase any such Subsidiary Shares, Partnership Interests or LLC
Interests except as indicated on Schedule 5.1.3. 
 5.1.4 Power and Authority. 

Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is
a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

 5.1.5 Validity and Binding Effect. 

This Agreement has been duly and validly executed and delivered by each Loan Party and each other Loan Document which any Loan Party is
required to execute and deliver on or after the date hereof will have been duly executed and delivered by such Loan Party on the required date of delivery of such Loan Document. This Agreement and each other Loan Document constitutes, or will
constitute, legal, valid and binding obligations of each Loan Party which is or will be a party thereto on and after its date of delivery thereof, enforceable against such Loan Party in accordance with its terms, except to the extent that
enforceability of any such Loan Document may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforceability of creditors’ rights generally or limiting the right of specific performance.

 5.1.6 No Conflict. 

Neither the execution and delivery of this Agreement or the other Loan Documents by any Loan Party nor the consummation of the
transactions herein or therein contemplated or compliance with the terms and provisions hereof or thereof by any of them will conflict with, constitute a default under or result in any breach of (i) the terms and conditions of the certificate
of incorporation, bylaws, certificate of limited partnership, partnership agreement, certificate of formation, limited liability company agreement or other organizational documents of any Loan Party or (ii) any Law or any material agreement or
instrument or order, writ, judgment, injunction or decree to which any Loan Party or Restricted Subsidiary is a party or by which it or any of its Restricted Subsidiaries is bound or to which it is subject, or result in the creation or enforcement
of any Lien, charge or encumbrance whatsoever upon any property (now or hereafter acquired) of any Loan Party or any of its Restricted Subsidiaries (other than Liens granted under the Loan Documents). 

 

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 5.1.7 Litigation. 

There are no actions, suits, proceedings or investigations pending or, to the knowledge of any Loan Party, threatened against such Loan
Party or any Restricted Subsidiary of such Loan Party at law or equity before any Official Body which individually or in the aggregate may result in any Material Adverse Change. None of the Loan Parties or any Restricted Subsidiaries of any Loan
Party is in violation of any order, writ, injunction or any decree of any Official Body which may result in any Material Adverse Change. 

5.1.8 Title to Properties. 

A Lien on all Real Property owned by each Loan Party has been granted to the Agent for the benefit of the Secured Parties pursuant to a
Mortgage and other appropriate Security Documents, except for (i) Real Property included in the Excluded Property and (ii) Real Property acquired by a Loan Party in which a Mortgage and other appropriate Security Documents will be executed
and delivered by such Loan Party in favor of the Agent for the benefit of the Secured Parties within the time frames provided in Section 7.1.13 [Collateral and Additional Collateral; Execution and Delivery of Additional Security Documents] or
Section 10.18 [Joinder of Guarantors], as applicable. Each Loan Party and each Restricted Subsidiary of each Loan Party has good and sufficient title to or valid leasehold interest in all properties, assets and other rights that are reflected
as owned or leased on its most recent audited balance sheet, free and clear of all Liens except Permitted Liens, and subject to the terms and conditions of the applicable leases. All leases of property are in full force and effect, except for those
leases of property where such failure would not result in a Material Adverse Change. 
 5.1.9 Financial Statements.

 (i) Historical Statements. The Borrower has delivered to the Agent copies of the Parent’s audited consolidated
year-end financial statements for the fiscal year ended December 31, 2009 (the “Historical Statements”). The Historical Statements were compiled from the books and records maintained by the Borrower’s management, are correct and
complete and fairly represent in all material respects, the consolidated financial condition of the Borrower and its Subsidiaries as of their dates and the results of operations for the fiscal periods then ended and have been prepared in accordance
with GAAP consistently applied. Since December 31, 2009, no Material Adverse Change has occurred. 
 (ii) Financial
Projections. The Borrower has delivered to the Agent financial projections of the Loan Parties for the fiscal years 2010 through 2013 derived from various assumptions of the Loan Parties’ management (the “Financial Projections”).
The Loan Parties believe that the Financial Projections represent a reasonable range of possible results in light of the history of the business, present and foreseeable conditions and the intentions of the Loan Parties’ management. The
Financial Projections accurately reflect the liabilities of the Loan Parties upon consummation of the transactions contemplated hereby as of the Closing Date. 
  

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 5.1.10 Use of Proceeds; Margin Stock; Section 20 Subsidiaries. 

5.1.10.1 General. 

The Loan Parties intend to use the proceeds of the Loans in accordance with Section 7.1.9. 

5.1.10.2 Margin Stock. 

None of the Loan Parties or any Restricted Subsidiary of any Loan Party engages or intends to engage principally, or as one of its
important activities, in the business of extending credit for the purpose, immediately, incidentally or ultimately, of purchasing or carrying margin stock (within the meaning of Regulation U). No part of the proceeds of any Loan has been or will be
used, immediately, incidentally or ultimately, to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock or to refund Indebtedness originally incurred for such purpose, or for any
purpose which entails a violation of or which is inconsistent with the provisions of the regulations of the Board of Governors of the Federal Reserve System. None of the Loan Parties or any Restricted Subsidiary of any Loan Party holds or intends to
hold margin stock in such amounts that more than 25% of the reasonable value of the assets of any Loan Party or Restricted Subsidiary of any Loan Party are or will be represented by margin stock. 

5.1.10.3 Section 20 Subsidiaries. 

The Loan Parties do not intend to use, and shall not use any portion of the proceeds of the Loans, directly or indirectly, to purchase
during the underwriting period, or for thirty (30) days thereafter, Ineligible Securities being underwritten by a Section 20 Subsidiary. 

5.1.11 Full Disclosure. 

Neither this Agreement nor any other Loan Document, nor any certificate, statement, agreement or other documents furnished to the Agent
or any Lender in connection herewith or therewith, contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements contained herein and therein, in light of the circumstances under which
they were made, not misleading. There is no fact known to any Loan Party which materially adversely affects the business, property, assets, financial condition, results of operations or prospects of any Loan Party or Restricted Subsidiary of any
Loan Party which has not been set forth in this Agreement or in the certificates, statements, agreements or other documents furnished in writing to the Agent and the Lenders prior to or at the date hereof in connection with the transactions
contemplated hereby. 
 5.1.12 Taxes. 

All federal, state, local and other tax returns required to have been filed with respect to each Loan Party and each Restricted
Subsidiary of each Loan Party have been filed, and payment or adequate provision has been made for the payment of all taxes, fees, 

 

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assessments and other governmental charges which have or may become due pursuant to said returns or to assessments received, except to the extent that such taxes, fees, assessments and other
charges are being contested in good faith by appropriate proceedings diligently conducted and for which such reserves or other appropriate provisions, if any, as shall be required by GAAP shall have been made. There are no agreements or waivers
extending the statutory period of limitations applicable to any federal income tax return of any Loan Party or Restricted Subsidiary of any Loan Party for any period. 

5.1.13 Consents and Approvals. 

Except for the filing of financing statements and certain other filings which must be made in connection with the Ancillary Security
Documents, no consent, approval, exemption, order or authorization of, or a registration or filing with, any Official Body or any other Person is required by any Law or any agreement in connection with the execution, delivery and carrying out of
this Agreement and the other Loan Documents by any Loan Party, except as listed on Schedule 5.1.13, all of which shall have been obtained or made on or prior to the Closing Date; provided, however, with respect to rights of ways
and easements, the Loan Parties are not making a representation and warranty that all consents have been obtained to grant a Lien or assign such rights of way or easements, but that such failure will not have a material adverse affect on the value
of the Collateral. 
 5.1.14 No Event of Default; Compliance with Instruments. 

No event has occurred and is continuing and no condition exists or will exist after giving effect to the borrowings or other extensions
of credit to be made on the Closing Date under or pursuant to the Loan Documents which constitutes an Event of Default or Potential Default. None of the Loan Parties or any Restricted Subsidiary of any Loan Party is in violation of (i) any term
of its certificate of incorporation, bylaws, certificate of limited partnership, partnership agreement, certificate of formation, limited liability company agreement or other organizational documents or (ii) any material agreement or instrument
to which it is a party or by which it or any of its properties may be subject or bound where such violation would constitute a Material Adverse Change. 

5.1.15 Patents, Trademarks, Copyrights, Licenses, Etc. 

Each Loan Party and each Restricted Subsidiary of each Loan Party owns or possesses all the material patents, trademarks, service marks,
trade names, copyrights, licenses, registrations, franchises, permits and rights necessary to own and operate its properties and to carry on its business as presently conducted and planned to be conducted by such Loan Party or Restricted Subsidiary,
without known possible, alleged or actual conflict with the rights of others. 
 5.1.16 Solvency. 

(i) The fair value of each Loan Party’s assets exceed the total amount of liabilities (including contingent, subordinated,
unmatured and unliquidated liabilities) of such 
  

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Loan Party, (ii) the present fair salable value of the assets of each Loan Party exceed the probable total liabilities (including contingent, subordinated, unmatured and unliquidated
liabilities) of each such Loan Party as they become absolute and matured, (iii) each Loan Party is able to pay its debts, including contingent liabilities, as they mature and become due, (iv) no Loan Party is nor will be engaged in a
business for which its capital is, or would be, unreasonably small, (v) no Loan Party is or will be engaged in a business or transaction for which the remaining assets of such Loan Party are or would be unreasonably small in relation to such
business or transaction and (vi) no Loan Party has incurred (by way of assumption or otherwise) any obligation or liability (contingent, subordinated, unmatured and unliquidated or otherwise) under this Agreement or any of the other Loan
Documents to which it is a party, nor has it made any conveyance pursuant to or in connection therewith, with actual intent to hinder, delay or defraud either present or future creditors of such Loan Party. 

5.1.17 Reserved. 

5.1.18 Insurance. 

No notice has been given or claim made and no grounds exist to cancel or avoid any of the insurance policies or bonds of the Loan
Parties or to reduce the coverage provided thereby. Such policies and bonds provide adequate coverage from reputable and financially sound insurers in amounts sufficient to insure the assets and risks of each Loan Party and each Restricted
Subsidiary of each Loan Party in accordance with prudent business practice in the industry of the Loan Parties and Restricted Subsidiaries. 

5.1.19 Compliance with Laws. 

The Loan Parties and their Restricted Subsidiaries are in compliance in all material respects with all applicable Laws (other than
Environmental Laws which are specifically addressed in Section 5.1.24 [Environmental Matters]) in all jurisdictions in which any Loan Party or Restricted Subsidiary of any Loan Party is presently or will be doing business except where the
failure to do so would not constitute a Material Adverse Change. 
 5.1.20 Material Contracts; Burdensome Restrictions.

 All Material Contracts are valid, binding and enforceable upon each Loan Party or Restricted Subsidiary, to the extent a
party thereto, and, to the Loan Parties’ knowledge, upon each of the other parties thereto in accordance with their respective 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; and there is no default thereunder, to the Loan Parties’ knowledge, with respect to parties other than such Loan
Party or Restricted Subsidiary. None of the Loan Parties or their Restricted Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document or any requirement of Law which could reasonably be expected
to result in a Material Adverse Change. 
  

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 5.1.21 Investment Companies; Regulated Entities. 

None of the Loan Parties or any Restricted Subsidiary of any Loan Party is an “investment company” registered or required to
be registered under the Investment Company Act of 1940 or under the “control” of an “investment company” as such terms are defined in the Investment Company Act of 1940 and shall not become such an “investment company”
or under such “control.” None of the Loan Parties or any Restricted Subsidiary of any Loan Party is subject to any other Federal or state statute or regulation limiting its ability to incur Indebtedness for borrowed money. 

5.1.22 Plans and Benefit Arrangements. 

(i) Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other federal or state
Laws. Each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS or an application for such a letter is currently being processed by the IRS with respect thereto and, to the
best knowledge of Borrower, nothing has occurred which would prevent, or cause the loss of, such qualification. Each member of the ERISA Group has made all required contributions to each Plan subject to Section 412 of the Code, and no
application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan. 

(ii) No ERISA Event has occurred or is reasonably expected to occur; (a) no Pension Plan has any unfunded pension liability (i.e.
excess of benefit liabilities over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan for the applicable plan year); (b) no member of the ERISA Group has
incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA); (c) no member of the ERISA Group has incurred,
or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer
Plan; and (d) no member of the ERISA Group has engaged in a transaction that could be subject to Sections 4069 or 4212(c) of ERISA. 

5.1.23 Reserved. 

5.1.24 Environmental Matters. 

Except for those items described on Schedule 5.1.24, none of which items, individually or collectively, could be reasonably
expected to result in a Material Adverse Change: 
 (i) None of the Loan Parties has received any Environmental Complaint,
whether directed or issued to any Loan Party or relating or pertaining to activities undertaken by any prior owner, operator or occupant of the Real Property, which would result in 

 

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a Material Adverse Change, and has no reason to believe that it might receive an Environmental Complaint that would result in a Material Adverse Change. 

(ii) No activity of any Loan Party at the Real Property is being conducted in violation of any Environmental Law or Required
Environmental Permit, which such activity would result in a Material Adverse Change, and to the knowledge of any Loan Party, no activity of any prior owner, operator or occupant of the Real Property has caused an on-going violation of any
Environmental Law, which such activity would result in a Material Adverse Change. 
 (iii) There are no Regulated Substances
present on, in, under, or emanating from, or, to any Loan Party’s knowledge, emanating to, the Real Property or any portion thereof which result in Contamination, which such Contamination would result in a Material Adverse Change. 

(iv) Each Loan Party has all Required Environmental Permits, the absence of which would result in a Material Adverse Change, and all
such Required Environmental Permits are in full force and effect. 
 (v) Each Loan Party has submitted to an Official Body
and/or maintains, as appropriate, all Required Environmental Notices where the failure to submit and/or maintain such Required Environmental Notices would result in a Material Adverse Change. 

(vi) No structures, improvements, equipment, fixtures, impoundments, pits, lagoons or aboveground or underground storage tanks located
on the Real Property contain or use, except in compliance with Environmental Laws and Required Environmental Permits, Regulated Substances or otherwise are operated or maintained except in compliance with Environmental Laws and Required
Environmental Permits where such failure to contain, or the use of, Regulated Substances or the noncompliance with Environmental Laws or Required Environmental Permits, would result in a Material Adverse Change. To the knowledge of each Loan Party,
no structures, improvements, equipment, fixtures, impoundments, pits, lagoons or aboveground or underground storage tanks of prior owners, operators or occupants of the Real Property contained or used, except in compliance with Environmental Laws,
Regulated Substances or otherwise were operated or maintained by any such prior owner, operator or occupant except in compliance with Environmental Laws where such failure to contain, or the use of, Regulated Substances or the noncompliance with
Environmental Laws or Required Environmental Permits, would result in a Material Adverse Change. 
 (vii) To the knowledge of
each Loan Party, no facility or site to which any Loan Party, either directly or indirectly by a third party, has sent Regulated Substances for storage, treatment, disposal or other management is identified in writing or proposed in writing to be
identified on any list of contaminated properties or other properties which pursuant to Environmental Laws are the subject of an investigation, cleanup, removal, remediation or other response action by an Official Body where such investigation,
cleanup, removal, remediation or other response by an Official Body would result in a Material Adverse Change. 
  

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 (viii) No portion of the Real Property is identified in writing or, to the knowledge of any
Loan Party, proposed to be identified in writing on any list of contaminated properties or other properties which pursuant to Environmental Laws are the subject of an investigation or remediation action by an Official Body where such investigation
or remediation action by an Official Body would result in a Material Adverse Change, nor to the knowledge of any Loan Party, is any property adjoining or in the proximity of the Real Property so identified or proposed to be identified on any such
list where such identification or proposed identification would result in an investigation or remediation action by an Official Body that would result in a Material Adverse Change. 

(ix) No portion of the Real Property constitutes an Environmentally Sensitive Area where the inclusion of such portion of the Real
Property constituting an Environmentally Sensitive Area would result in a Material Adverse Change. 
 (x) No lien or other
encumbrance authorized by Environmental Laws exists against the Real Property and none of the Loan Parties has any reason to believe that such a lien or encumbrance may be imposed where such lien or encumbrance would result in a Material Adverse
Change. 
 5.1.25 Senior Debt Status. 

The Obligations of each Loan Party under this Agreement, the Notes, the Guaranty Agreement, the Parent Guaranty Agreement and each of
the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of such Loan Party except Indebtedness of such Loan Party to the extent secured by Permitted Liens.
There is no Lien upon or with respect to any of the properties or income of any Loan Party or Subsidiary of any Loan Party which secures indebtedness or other obligations of any Person except for Permitted Liens. 

5.1.26 Anti-Terrorism Laws. 

5.1.26.1 General. 

None of the Loan Parties, nor or any Affiliate of any Loan Party, is in violation of any Anti-Terrorism Law or engages in or conspires
to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law. 

5.1.26.2 Executive Order No. 13224. 

None of the Loan Parties, nor or any Affiliate of any Loan Party, or their respective agents acting or benefiting in any capacity in
connection with the Loans, Letters of Credit or other transactions hereunder, is any of the following (each a “Blocked Person”): 

(i) a Person that is listed in the annex to, or is otherwise subject to the provisions of, the Executive Order No. 13224;

  

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 (ii) a Person owned or controlled by, or acting for or on behalf of, any Person that is
listed in the annex to, or is otherwise subject to the provisions of, the Executive Order No. 13224; 
 (iii) a Person or
entity with which any Lender is prohibited from dealing or otherwise engaging in any transaction by any Anti-Terrorism Law; 

(iv) a Person or entity that commits, threatens or conspires to commit or supports “terrorism” as defined in the Executive
Order No. 13224; 
 (v) a Person or entity that is named as a “specially designated national” on the most
current list published by the U.S. Treasury Department Office of Foreign Asset Control at its official website or any replacement website or other replacement official publication of such list or 

(vi) a person or entity who is affiliated or associated with a person or entity listed above. 

No Loan Party, or to the knowledge of any Loan Party, any of its agents acting in any capacity in connection with the Loans, Letters of
Credit or other transactions hereunder (i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person or (ii) deals in, or otherwise engages in any
transaction relating to, any property or interests in property blocked pursuant to the Executive Order No. 13224. 

5.1.27 Tax Treatment of Parent. 

The Parent is treated as a partnership for federal income tax purposes. 

5.1.28 Security Interests. 

The Liens and security interests granted to the Agent for the benefit of the Secured Parties pursuant to the Pledge Agreement and the
Security Agreement in the Collateral (other than the Real Property) constitute and will continue to constitute Prior Security Interests under the Uniform Commercial Code or other applicable Law entitled to all the rights, benefits and priorities
provided by the Uniform Commercial Code or such Law. Upon the filing of financing statements relating to said security interests in each office and in each jurisdiction where required in order to perfect the security interests described above,
taking possession of any stock certificates or other certificates evidencing the Pledged Collateral, as applicable, all such action as is necessary or advisable to establish such rights of the Agent will have been taken, and there will be upon
execution and delivery of the Pledge Agreement and the Security Agreement, such filings and such taking of possession, no necessity for any further action in order to preserve, protect and continue such rights, except the filing of continuation
statements with respect to such financing statements pursuant to the Uniform Commercial Code. All filing fees and other expenses in connection with each such action have been or will be paid by the Borrower. 

 

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 5.1.29 Mortgage Liens. 

The Liens granted to the Agent for the benefit of the Secured Parties pursuant to the Mortgages constitute a valid first priority Lien
under applicable law, subject to Permitted Liens. All such action as will be necessary or advisable to establish such Lien of the Agent and its priority as described in the preceding sentence will be taken at or prior to the time required for such
purpose, and there will be as of the date of execution and delivery of the Mortgages in the applicable recording office of each county where the Real Property described therein is located, no necessity for any further action in order to protect,
preserve and continue such Lien and such priority. 
 5.1.30 Status of the Pledged Collateral. 

All the Subsidiary Shares, Partnership Interests or LLC Interests included in the Pledged Collateral to be pledged pursuant to the
Pledge Agreement are or will be upon issuance validly issued and nonassessable and owned beneficially and of record by the pledgor free and clear of any Lien or restriction on transfer, except as otherwise provided by the Pledge Agreement and except
as the right of the Lenders to dispose of the Subsidiary Shares, Partnership Interests or LLC Interests may be limited by the Securities Act of 1933, as amended, and the regulations promulgated by the SEC thereunder and by applicable state
securities laws. There are no shareholder, partnership, limited liability company or other agreements or understandings with respect to the Subsidiary Shares, Partnership Interests or LLC Interests included in the Pledged Collateral except for those
delivered to the Agent. The Loan Parties have delivered true and correct copies of such partnership agreements and limited liability company agreements to the Agent. 

5.2 Updates to Schedules. 

Should any of the information or disclosures provided on any of the Schedules attached hereto become outdated or incorrect in any
material respect, the Borrower shall provide the Agent in writing with such revisions or updates to such Schedule as may be necessary or appropriate to update or correct such information or disclosures (i) from time to time, in connection with
the delivery of a Loan Request or application for a Letter of Credit as the case may be and (ii) quarterly, in connection with the delivery of the Compliance Certificate delivered pursuant to Section 7.3.3 hereof; provided,
however, that with respect to any revision or update to a Schedule that occurs as a result of a change that is adverse to the Lenders as determined by the Agent, such revised or updated Schedule shall not be deemed to have been amended,
modified or superseded by any such correction or update, nor shall any breach of warranty or representation resulting from the inaccuracy or incompleteness of any such Schedule be deemed to have been cured thereby, unless and until the Required
Lenders, in their sole and absolute discretion, shall have accepted in writing such revisions or updates to such Schedule; and provided further, that with respect to a change in the list of Restricted Subsidiaries as a result of a newly
acquired or formed Subsidiary, the Loan Parties shall provide such schedule within thirty (30) days after such acquisition or formation pursuant to Section 10.18 [Joinder of Guarantors] and such revised list shall be deemed to be an
amendment to Schedule 5.1.3 hereof. 
  

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 6. CONDITIONS OF LENDING AND ISSUANCE OF LETTERS OF CREDIT 

The obligation of each Lender to make Loans and of the Agent to issue Letters of Credit hereunder is subject to the performance by each
of the Loan Parties of its Obligations to be performed hereunder at or prior to the making of any such Loans or issuance of such Letters of Credit and to the satisfaction of the following further conditions: 

6.1 First Loans and Letters of Credit. 

On the Closing Date: 

6.1.1 Officer’s Certificate. 

The representations and warranties of each of the Loan Parties contained in Section 5 and in each of the other Loan Documents shall
be true and accurate in all material respects on and as of the Closing Date with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which relate solely to an
earlier date or time, which representations and warranties shall be true and correct on and as of the specific dates or times referred to therein), no Event of Default or Potential Default shall have occurred and be continuing or shall exist; and
there shall be delivered to the Agent for the benefit of each Lender a certificate of each of the Loan Parties, dated the Closing Date and signed by the Chief Executive Officer, President or Chief Financial Officer of each of the Loan Parties, to
each such effect. 
 6.1.2 Secretary’s Certificate. 

There shall be delivered to the Agent for the benefit of each Lender a certificate dated the Closing Date and signed by the Secretary or
an Assistant Secretary of each of the Loan Parties (other than the Immaterial Subsidiaries), certifying as appropriate as to: 

(i) all action taken by each Loan Party in connection with this Agreement and the other Loan Documents; 

(ii) the names of the officer or officers authorized to sign this Agreement and the other Loan Documents and the true signatures of such
officer or officers and specifying the Authorized Officers permitted to act on behalf of each Loan Party for purposes of this Agreement and the true signatures of such officers, on which the Agent and each Lender may conclusively rely; 

(iii) copies of its organizational documents, including its certificate of incorporation, bylaws, certificate of limited partnership,
partnership agreement, certificate of formation, and limited liability company agreement as in effect on the Closing Date certified by the appropriate state official where such documents are filed in a state office and 

(iv) recent certificates from the appropriate state officials as to the continued existence and good standing of each Loan Party in each
state where organized or qualified to do business. 
  

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 6.1.3 Delivery of Loan Documents. 

The Guaranty Agreement, the Parent Guaranty Agreement, the Indemnity, the Intercompany Subordination Agreement, the Mortgages, the
Mortgage Amendments, the Notes, the Pledge Agreement, the Security Agreement and the other Loan Documents shall have been duly executed and delivered to the Agent for the benefit of the Lenders, the IRH Providers, the TM Providers and the CH
Providers, as applicable, together with all appropriate financing statements and appropriate stock powers and certificates evidencing the Subsidiary Shares, the Partnership Interests and the LLC Interests. 

6.1.4 Opinion of Counsel. 

(a) There shall be delivered to the Agent for the benefit of each Lender a written opinion of Morgan, Lewis & Bockius LLP,
special counsel for the Loan Parties (other than Immaterial Subsidiaries), dated the Closing Date and in form and substance satisfactory to the Agent and its counsel as to such matters with respect to the transactions contemplated herein as the
Agent may reasonably request. 
 (b) There shall be delivered to the Agent for the benefit of each Lender an opinion letter
from local counsel in the jurisdiction in which each Mortgage or Mortgage Amendment is obtained with respect to the enforceability, validity and form of the Mortgage or Mortgage Amendment and any related fixture, as-extracted collateral and
transmitting utility filings and such other matters as requested by Agent, all in form and substance reasonably satisfactory to Agent. 

6.1.5 Legal Details. 

All legal details and proceedings in connection with the transactions contemplated by this Agreement and the other Loan Documents shall
be in form and substance satisfactory to the Agent and counsel for the Agent, and the Agent shall have received all such other counterpart originals or certified or other copies of such documents and proceedings in connection with such transactions,
in form and substance satisfactory to the Agent and said counsel, as the Agent or said counsel may reasonably request. 
 6.1.6
Payment of Fees. 
 The Borrower shall have paid or caused to be paid to the Agent for itself and for the account of the
Lenders to the extent not previously paid all fees accrued through or otherwise payable on the Closing Date and the costs and expenses for which the Agent and the Lenders are entitled to be reimbursed. 

6.1.7 Environmental Matters. 

The Loan Parties shall provide the Agent with such environmental reports and audits as reasonably requested by the Agent, except where
disclosure of any requested report or audit would jeopardize applicable privileges, and such other information with respect to the Loan Parties’ representations and warranties set forth in Section 5.1.24 as Agent may reasonably

  

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request. On the Closing Date, the appropriate officers of the applicable Loan Parties shall have delivered to the Agent, on behalf of such Loan Parties, in form and substance reasonably
satisfactory to the Agent a certificate to the effect that the Loan Parties have made known to the Agent all information known to them and their Subsidiaries concerning Environmental Complaints and the Loan Parties and their Restricted
Subsidiaries’ compliance with the Environmental Laws relating to any of the Real Property and any other site for which any Loan Party or Restricted Subsidiary of a Loan Party has received notice that it is potentially responsible for
Environmental Conditions. 
 6.1.8 Insurance Policies; Certificates of Insurance; Endorsements. 

The Loan Parties shall have delivered evidence acceptable to the Agent that adequate insurance in compliance with Section 7.1.3
[Maintenance of Insurance] is in full force and effect and that all premiums then due thereon have been paid. 
 6.1.9
Consents. 
 All material consents required to effectuate the transactions contemplated hereby shall have been obtained.

 6.1.10 Officer’s Certificate Regarding MACs. 

Since December 31, 2009, no Material Adverse Change shall have occurred, and there shall have been delivered to the Agent for the
benefit of each Lender a certificate of each Loan Party (which may be included in the officer’s certificate to be delivered pursuant to Section 6.1.1), dated the Closing Date and signed by the Chief Executive Officer, President or Chief
Financial Officer of each respective Loan Party to such effect. 
 6.1.11 No Violation of Laws. 

The making of the Loans and the issuance of the Letters of Credit shall not contravene any Law applicable to any Loan Party or any of
the Lenders. 
 6.1.12 No Actions or Proceedings. 

No action, proceeding, investigation, regulation or legislation shall have been instituted, threatened or proposed before any court,
governmental agency or legislative body to enjoin, restrain or prohibit, or to obtain damages in respect of, this Agreement or the other Loan Documents or the consummation of the transactions contemplated hereby or thereby or which, in the
Agent’s sole discretion, would make it inadvisable to consummate the transactions contemplated by this Agreement or any of the other Loan Documents. 
  

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 6.1.13 Reserved. 

6.1.14 Lien Search; Filing Receipts; Pledged Shares. 

The Agent shall have received (1) a Lien search satisfactory to the Agent, (2) financing statements duly necessary to perfect
the Lien of the Lenders on the Collateral and (3) stock certificates or limited liability company certificates evidencing the Pledged Collateral (to the extent that such shares are certificated) and accompanying stock powers. 

6.1.15 Projections. 

The Loan Parties shall have delivered to the Agent and the Lenders satisfactory projected consolidated financial statements including a
pro forma opening balance sheet and pro forma statements of operations and cash flows for the fiscal periods 2010 through 2012. 

6.1.16 Refinancing of Prior Credit Agreement. 

The following shall occur to the satisfaction of the Agent in its sole discretion: (i) all principal, interest, fees and other
liabilities and obligations under the Prior Credit Agreement shall be refinanced hereunder and the Existing Letters of Credit shall be made subject to the terms of this Agreement and (ii) all commitments to lend under the Prior Credit Agreement
shall have been irrevocably terminated and of no further force and effect or otherwise refinanced hereunder. 
 6.1.17
Solvency Certificate. 
 The Chief Financial Officer of the Borrower shall have delivered a certificate in form and
substance satisfactory to the Agent as to the capital adequacy and solvency of the Borrower and its Restricted Subsidiaries after giving effect to the transactions contemplated hereby. 

6.2 Each Additional Loan or Letter of Credit. 

At the time of making any Loans or issuing any Letters of Credit other than Loans made or Letters of Credit issued on the Closing Date
and after giving effect to the proposed extensions of credit: the representations and warranties of the Loan Parties contained in Section 5 and in the other Loan Documents shall be true on and as of the date of such additional Loan or Letter of
Credit in all material respects with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which expressly relate solely to an earlier date or time, which
representations and warranties shall be true and correct in all material respects on and as of the specific dates or times referred to therein); no Event of Default or Potential Default shall have occurred and be continuing or shall exist; the
making of the Loans or issuance of such Letter of Credit shall not contravene any Law applicable to any Loan Party or Subsidiary of any Loan Party or any of the Lenders and the Borrower shall have delivered to the Agent a duly executed and completed
Loan Request or application for a Letter of Credit, as the case may be. 
  

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 7. COVENANTS 

7.1 Affirmative Covenants. 

The Loan Parties, jointly and severally, covenant and agree that, until payment in full of the Loans, Reimbursement Obligations and
Letter of Credit Borrowings, and interest thereon, expiration or termination of all Letters of Credit, satisfaction of all of the Loan Parties’ other Obligations under the Loan Documents and termination of the Commitments, the Loan Parties
shall comply at all times with the following affirmative covenants: 
 7.1.1 Preservation of Existence, Etc. 

Each Loan Party shall, and shall cause each of its Restricted Subsidiaries to, maintain its legal existence as a corporation, limited
partnership or limited liability company and its license or qualification and good standing in each jurisdiction in which its ownership or lease of property or the nature of its business makes such license or qualification necessary, except as
otherwise expressly permitted in Section 7.2.6 [Liquidations, Mergers, Etc.] or where the failure to maintain such legal existence and license or qualification would not result in a Material Adverse Change. 

7.1.2 Payment of Liabilities, Including Taxes, Etc. 

Each Loan Party shall, and shall cause each of its Restricted Subsidiaries to, duly pay and discharge all liabilities to which it is
subject or which are asserted against it, promptly as and when the same shall become due and payable, including all taxes, assessments and governmental charges upon it or any of its properties, assets, income or profits, prior to the date on which
penalties attach thereto, except to the extent that such liabilities, including taxes, assessments or charges, are being contested in good faith and by appropriate and lawful proceedings diligently conducted and for which such reserve or other
appropriate provisions, if any, as shall be required by GAAP shall have been made, but only to the extent that failure to discharge any such liabilities would not result in a Material Adverse Change. 

7.1.3 Maintenance of Insurance. 

Each Loan Party shall, and shall cause each of its Subsidiaries to, insure its properties and assets against loss or damage by fire and
such other insurable hazards as such assets are commonly insured (including fire, extended coverage, property damage, workers’ compensation, public liability and business interruption insurance) and against other risks (including errors and
omissions) in such amounts as similar properties and assets are insured by prudent companies in similar circumstances carrying on similar businesses, and with reputable and financially sound insurers, including self-insurance to the extent
customary, all as reasonably satisfactory to the Agent. The Loan Parties shall comply with the covenants and provide the endorsements set forth on Schedule 7.1.3 relating to property and related insurance policies covering the Collateral. At
the request of the Agent, the Borrower shall deliver to the Agent and each of the Lenders (x) an original certificate of insurance signed by the Loan Parties’ independent insurance broker describing and certifying as to the existence of
the insurance 
  

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required to be maintained by this Agreement and the other Loan Documents and (y) from time to time, a summary schedule indicating all insurance then in force with respect to each of the Loan
Parties. 
 7.1.4 Maintenance of Properties and Leases. 

Each Loan Party shall, and shall cause each of its Restricted Subsidiaries to, maintain in good repair, working order and condition
(ordinary wear and tear excepted) in accordance with the general practice of other businesses of similar character and size, all of those properties useful or necessary to its business, and, from time to time, such Loan Party will make or cause to
be made all appropriate repairs, renewals or replacements thereof, except where the failure to so maintain would not result in a Material Adverse Change. 

7.1.5 Maintenance of Patents, Trademarks, Etc. 

Each Loan Party shall, and shall cause each of its Restricted Subsidiaries to, maintain in full force and effect all patents,
trademarks, service marks, trade names, copyrights, licenses, franchises, permits and other authorizations necessary for the ownership and operation of its properties and business if the failure so to maintain the same would constitute a Material
Adverse Change. 
 7.1.6 Visitation Rights. 

Each Loan Party shall, and shall cause each of its Restricted Subsidiaries to, permit any of the officers or authorized employees or
representatives of the Agent or any of the Lenders to visit and inspect any of its properties and to examine and make excerpts from its books and records and discuss its business affairs, finances and accounts with its officers, all in such detail
and at such times during normal business hours and as often as any of the Lenders may reasonably request; provided, that each Lender shall provide the Borrower and the Agent with reasonable notice prior to any visit or inspection. In the
event any Lender desires to conduct an audit of any Loan Party, such Lender shall make a reasonable effort to conduct such audit contemporaneously with any audit to be performed by the Agent, and any such audit (other than Agent’s annual audit
described in the last sentence of Section 9.5 or an audit performed during the continuance of an Event of Default) to be at such Lender’s expense. 

7.1.7 Keeping of Records and Books of Account. 

Each Loan Party shall, and shall cause each of its Restricted Subsidiaries to, maintain and keep proper books of record and account
which enable each Loan Party and its Restricted Subsidiaries to issue financial statements in accordance with GAAP and as otherwise required by applicable Laws of any Official Body having jurisdiction over any Loan Party or any Restricted Subsidiary
of any Loan Party, and in which full, true and correct entries shall be made in all material respects of all its dealings and business and financial affairs. 
  

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 7.1.8 Compliance with Laws. 

Each Loan Party shall, and shall cause each of its Restricted Subsidiaries to, comply with all applicable Laws in all respects;
provided, that it shall not be deemed to be a violation of this Section 7.1.8 if any failure to comply with any Law would not result in fines, penalties, remediation costs, other similar liabilities or injunctive relief which in the
aggregate would constitute a Material Adverse Change. 
 7.1.9 Use of Proceeds. 

The Loan Parties will use the Letters of Credit and the proceeds of the Loans only for (i) general corporate purposes, including
Quarterly Distributions, and for working capital and capital expenditures, (ii) financing Permitted Acquisitions, including payment of fees and expenses in connection therewith, (iii) the issuance of Letters of Credit hereunder,
(iv) refinancing the Indebtedness outstanding under the Prior Credit Agreement and (v) fees and expenses in connection herewith. The Loan Parties shall not use the Letters of Credit or the proceeds of the Loans for any purpose which
contravenes any applicable Law or any provision hereof. 
 7.1.10 Further Assurances. 

To the extent that a Lien is granted to the Agent in accordance with this Agreement, each Loan Party shall, from time to time, at its
expense, faithfully preserve and protect the Agent’s Lien on and Prior Security Interest in the Collateral as a continuing first priority perfected Lien, subject only to Permitted Liens, and shall do such other acts and things as the Agent in
its sole discretion may deem necessary or advisable from time to time in order to preserve, perfect and protect the Liens granted under the Loan Documents and to exercise and enforce its rights and remedies thereunder with respect to the Collateral.

 7.1.11 Subordination of Intercompany Loans. 

Each Loan Party shall cause any intercompany Indebtedness, loans or advances owed by any Loan Party to any other Loan Party to be
subordinated pursuant to the terms of the Intercompany Subordination Agreement. 
 7.1.12 Anti-Terrorism Laws.

 The Loan Parties and their respective Affiliates and agents shall not (i) conduct any business or engage in any
transaction or dealing with any Blocked Person, including the making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, (ii) deal in, or otherwise engage in any transaction relating to, any
property or interests in property blocked pursuant to the Executive Order No. 13224, or (iii) engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any
of the prohibitions set forth in the Executive Order No. 13224, the USA Patriot Act or any other Anti-Terrorism Law. The Borrower shall deliver to Lenders any certification or other evidence, requested from time to time by any Lender in its
sole discretion, confirming the Loan Parties’ compliance with this Section 7.1.12. 
  

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 7.1.13 Collateral and Additional Collateral; Execution and Delivery of Additional
Security Documents. 
 (i) Pursuant to the Loan Documents, the Loan Parties (other than Immaterial Subsidiaries) shall
grant, or cause to be granted, to the Agent, for the benefit of the Secured Parties, a first priority security interest in and lien on, subject only to Permitted Liens, (i) all Collateral, and (ii) all other assets of the Loan Parties,
whether owned on the Closing Date or subsequently acquired, except Excluded Property; 
 (ii) Without limiting the generality
of the foregoing, each applicable Loan Party (other than Immaterial Subsidiaries) which owns or leases any Real Property (other than Excluded Property) shall after becoming the owner or lessor of such Real Property acquired after the Closing
Date promptly execute and deliver any and all Security Documents reasonably requested by the Agent to grant a first priority Lien (subject only to Permitted Liens), in such Loan Party’s interest in such Real Property in favor of the Agent, for
the ratable benefit of the Lenders, as security for the Obligations. In furtherance of the foregoing, the Loan Parties shall diligently cooperate with and assist, at their own expense, the Agent in procuring any and all Ancillary Security Documents.
Each Loan Party hereby appoints any officer or agent of the Agent as its true and lawful attorney, for it and in its name, place and stead, to make, execute, deliver, and cause to be recorded or filed any or all such mortgages, deeds of trust,
assignments, pledges, security interests, financing statements and additional documents and agreements relating thereto, granting unto said attorney full power to do any and all things said attorney may consider reasonably necessary or appropriate
to be done with respect to the Mortgages as fully and effectively as such Loan Party might or could do, and hereby ratifying and confirming all its said attorney shall lawfully do or cause to be done by virtue hereof. This power of attorney is
coupled with an interest and shall be irrevocable for the terms of this Agreement and all transactions hereunder. All costs and expenses incurred by the Agent in connection with the exercise of the rights under this Section shall be paid by the Loan
Parties on demand of the Agent. The Loan Parties, the Lenders and the Agent agree that without any further action on the part of any of them, upon execution and/or delivery, the Security Documents and the Ancillary Security Documents shall become
Loan Documents and the assets that are subject to the Security Documents shall become collateral for the Obligations. 
 7.1.14
Unrestricted Subsidiaries. 
 The Loan Parties: 

(i) will cause the management, business and affairs of the Loan Parties and their 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 assets of the Loan Parties and
their Restricted Subsidiaries to be commingled) so that each Unrestricted Subsidiary will be treated as a legal entity separate and distinct from the Loan Parties and the Restricted Subsidiaries; 

 

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 (ii) will not, and will not permit any Restricted Subsidiary to, incur, assume, guarantee
or be or become liable for any Indebtedness of any Unrestricted Subsidiary; and 
 (iii) will not, and will cause no Restricted
Subsidiary to, permit any Unrestricted Subsidiary to hold any equity interest in, or any Indebtedness of, the Loan Parties or any Restricted Subsidiary. 

7.1.15 Guaranties by Certain Subsidiaries of the Loan Parties. 

To the extent any Subsidiary is not already a Guarantor, the Loan Parties will cause each Subsidiary that guarantees any Indebtedness
issued under Section 7.2.1(viii) to simultaneously Guaranty the Obligations hereunder pursuant to a guaranty agreement in form and substance satisfactory to the Agent. 

7.2 Negative Covenants. 

The Loan Parties, jointly and severally, covenant and agree that, until payment in full of the Loans, Reimbursement Obligations and
Letter of Credit Borrowings and interest thereon, expiration or termination of all Letters of Credit, satisfaction of all of the Loan Parties’ other Obligations hereunder and termination of the Commitments, the Loan Parties shall comply with
the following negative covenants: 
 7.2.1 Indebtedness. 

Each of the Loan Parties shall not, and shall not permit any of its Restricted Subsidiaries to, at any time create, incur, assume or
suffer to exist any Indebtedness, except: 
 (i) Indebtedness under the Loan Documents; 

(ii) Existing Indebtedness as set forth on Schedule 7.2.1 (including any extensions or renewals thereof, provided there is
no increase in the amount thereof or other significant change in the terms thereof unless otherwise specified on Schedule 7.2.1); 

(iii) Operating leases as and to the extent permitted under Section 7.2.15 [Operating Leases]; 

(iv) Indebtedness secured by Purchase Money Security Interests and capital leases not exceeding $5,000,000 in the aggregate; 

(v) Indebtedness of a Loan Party to another Loan Party which is subordinated in accordance with the provisions of Section 7.1.11
[Subordination of Intercompany Loans]; 
 (vi) Performance Guarantees entered into in the ordinary course of business with
respect to the performance of any obligation of any Loan Party; 
  

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 (vii) Any Commodity Hedge, Lender-Provided Interest Rate Hedge, or other Interest Rate
Hedge or Indebtedness under any Other Lender-Provided Financial Service Product; 
 (viii) Other unsecured Indebtedness of the
Loan Parties and Restricted Subsidiaries; provided, that (i) no Potential Default or Event of Default has occurred and is continuing or would exist after giving effect to the incurrence of such Indebtedness, (ii) the Loan Parties
shall have delivered to the Agent at least five (5) days prior to on the date of the incurrence of such Indebtedness a Compliance Certificate, demonstrating that they shall be in pro forma compliance with the financial covenants set forth
herein as of the most recently ended fiscal quarter of the Loan Parties after giving effect to the proposed issuance of such Indebtedness, (iii) such Indebtedness has a maturity date at least one year after the Expiration Date hereunder and
(iv) such Indebtedness contains terms no more restrictive than those set forth in this Agreement; provided further, that if such Indebtedness is incurred, no prepayment shall be made on such Indebtedness prior to the Expiration Date,
other than the net after-tax proceeds received from an equity offering by the Parent; 
 (ix) Other unsecured Indebtedness (not
set forth in subsections (i) through (viii) above) of the Loan Parties and Restricted Subsidiaries in an aggregate principal amount not to exceed $15,000,000 at any one time outstanding. 

7.2.2 Liens. 

Each of the Loan Parties (other than Parent) shall not, and shall not permit any of its Restricted Subsidiaries to, at any time create,
incur, assume or suffer to exist any Lien on any of its property or assets, tangible or intangible, now owned or hereafter acquired, or agree or become liable to do so, except Permitted Liens. 

7.2.3 Guaranties. 

Each of the Loan Parties (other than the Parent) shall not, and shall not permit any of its Restricted Subsidiaries to, at any time,
directly or indirectly, become or be liable in respect of any Guaranty, or assume, guarantee, become surety for, endorse or otherwise agree, become or remain directly or contingently liable upon or with respect to any obligation or liability of any
other Person, except for Guaranties of Indebtedness of the Loan Parties permitted hereunder. 
 7.2.4 Loans and
Investments. 
 Each of the Loan Parties (other than the Parent) shall not, and shall not permit any of its Restricted
Subsidiaries to, at any time make or suffer to remain outstanding any loan or advance to, or purchase, acquire or own any stock, bonds, notes or securities of, or any partnership interest (whether general or limited) or limited liability company
interest in, or any other investment or interest in, or make any capital contribution to, any other Person, or agree, become or remain liable to do any of the foregoing, except: 

 

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 (i) trade credit extended on usual and customary terms in the ordinary course of business;

 (ii) advances to employees to meet expenses incurred by such employees in the ordinary course of business; 

(iii) Permitted Investments; 

(iv) loans, advances and investments in other Loan Parties; and 

(v) investments (whether now existing or hereafter arising) in Unrestricted Subsidiaries in an aggregate amount at any one time
outstanding not to exceed fifteen percent (15%) of Consolidated Assets. 
 7.2.5 Dividends and Related
Distributions. 
 Each of the Loan Parties (other than the Parent) shall not, and shall not permit any of its Restricted
Subsidiaries to, make or pay, or agree to become or remain liable to make or pay, any dividend or other distribution of any nature (whether in cash, property, securities or otherwise) on account of or in respect of its shares of capital stock,
partnership interests or limited liability company interests or on account of the purchase, redemption, retirement or acquisition of its shares of capital stock (or warrants, options or rights therefor), partnership interests or limited liability
company interests, except (i) dividends or other distributions payable to another Loan Party (other than distributions or dividends of cash to the Parent), (ii) payments to the Parent in such amounts as required to pay the general and
administrative costs and expenses of the Parent incurred in connection with the operation of its business or permitted pursuant to the terms of the Parent Guaranty Agreement, (iii) Quarterly Distributions, so long as in each case, after giving
effect thereto, no Potential Default or Event of Default exists and (iv) dividends or distributions to the Parent with respect to any Indebtedness issued pursuant to Sections 7.2.1(viii) and 7.2.1(ix) in such amounts as may be necessary to pay
scheduled principal, interest and fees on such Indebtedness as may become due from time to time. 
 7.2.6 Liquidations,
Mergers, Consolidations, Acquisitions. 
 Each of the Loan Parties (other than the Parent) shall not, and shall not permit
any of its Restricted Subsidiaries to, dissolve, liquidate or wind-up its affairs, or become a party to any merger or consolidation, or acquire by purchase, lease or otherwise all or substantially all of the assets or capital stock of any other
Person, provided, that 
 (1) any Loan Party may consolidate or merge with or into the Parent or another Loan Party
which is wholly-owned by one or more of the other Loan Parties; provided, if either such Loan Party is the Borrower, the Borrower shall be the surviving Loan Party, and 

(2) any Loan Party may acquire, whether by purchase or by merger, (A) all of the ownership interests of another Person or
(B) all or substantially all of the assets of 
  

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another Person or of a business or division of another Person (each a “Permitted Acquisition”), provided, that each of the following requirements is met: 

(i) the board of directors or other equivalent governing body of such Person shall have approved such Permitted
Acquisition; 
 (ii) if the Loan Parties are acquiring substantially all of the assets of another Person or of a
business or division of another Person, substantially all of such assets or substantially all of the assets of such division are Permitted Assets; 

(iii) if the Loan Parties are acquiring all of the ownership interests of another Person, then substantially all of the
assets of such Person are Permitted Assets; 
 (iv) no Potential Default or Event of Default shall exist
immediately prior to and after giving effect to such Permitted Acquisition; 
 (v) if the Consideration payable
in connection with the Permitted Acquisition is in excess of $25,000,000, the Borrower shall demonstrate that it shall be in compliance with the covenants contained in Sections 7.2.16 through 7.2.18 after giving effect to such Permitted
Acquisition (including in such computation (a) Indebtedness or other liabilities assumed or incurred in connection with such Permitted Acquisition and (b) for purposes of pro forma compliance with Section 7.2.17 [Minimum Interest
Coverage Ratio], Consolidated Interest Expense shall be calculated on a pro forma basis) by delivering at least five (5) Business Days prior to such Permitted Acquisition a Compliance Certificate evidencing such compliance; and 

(vi) if the Consideration payable in connection with the Permitted Acquisition is in excess of $25,000,000, the Loan
Parties shall deliver to the Agent at least three (3) Business Days before such Permitted Acquisition such other information about such Person or its assets as Agent may reasonably require. 

Notwithstanding the foregoing, a Permitted Acquisition shall include any merger or consolidation of the Parent or any Subsidiary of the
Parent with, or any acquisition by the Parent or any Subsidiary of the Parent, directly or indirectly, of the General Partner, PVG General Partner or PVG, provided that substantially all of the consideration for such merger, consolidation or
acquisition is comprised of equity interests of the Parent and, in the case of any merger, consolidation or acquisition with respect to the Parent, the Parent shall be the surviving entity. 

7.2.7 Dispositions of Assets or Subsidiaries. 

Each of the Loan Parties (other than the Parent) shall not, and shall not permit any of its Restricted Subsidiaries to, sell, convey,
assign, lease, abandon or otherwise transfer or dispose of, voluntarily or involuntarily, any of its properties or assets, tangible or intangible (including sale, assignment, discount or other disposition of accounts, contract rights, chattel paper,
equipment or general intangibles with or without recourse or of capital stock, 
  

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shares of beneficial interest, partnership interests or limited liability company interests of a Restricted Subsidiary of such Loan Party), except: 

(i) transactions involving the sale of inventory in the ordinary course of business; 

(ii) any sale, transfer or lease of assets in the ordinary course of business; 

(iii) any sale, transfer or lease of assets by any wholly-owned Restricted Subsidiary of such Loan Party or by such Loan Party to
another Loan Party; 
 (iv) any sale, transfer or lease of assets, other than those specifically excepted pursuant to clauses
(i) through (iii) above, involving up to two and one half percent (2.5%) of the Consolidated Assets in the aggregate in any fiscal year; provided, that after giving effect to such sale, transfer or lease of assets, the
aggregate amount of all sales, transfers or leases of assets since the Closing Date does not exceed 10% of the Consolidated Assets; 

(v) any sale, transfer or lease of assets, other than those specifically excepted pursuant to clauses (i) through (iv) above,
involving more than two and one half percent (2.5%) but less than ten percent (10%) of the Consolidated Assets in the aggregate in any fiscal year, provided, that, to the extent that the after-tax proceeds (as reasonably estimated
by the Borrower) fail to be reinvested in other Permitted Assets within one hundred eighty (180) days, such after-tax proceeds are applied as a mandatory prepayment in accordance with the provisions of Section 4.5.1 [Sale of Assets] above;

 (vi) any transaction consummated in accordance with the Peabody Reserve Substitution Agreement or 

(vii) the sale, transfer or other disposition of equity interests in Unrestricted Subsidiaries. 

7.2.8 Affiliate Transactions. 

Each of the Loan Parties (other than the Parent) shall not, and shall not permit any of its Restricted Subsidiaries to, enter into or
engage in any transaction or series of related transactions with any Affiliate (other than another Loan Party), including without limitation the purchase, transfer, disposition, sale, lease or exchange of assets or the rendering of any service
involving any Affiliate, unless (i) such transaction is on fair and reasonable terms that are no less favorable to such Loan Parties or such Restricted Subsidiaries, as the case may be, than those that at the time such transaction is
consummated or completed would be obtained in an arm’s-length transaction between Persons that are not Affiliates of such Loan Parties or any of their Restricted Subsidiaries and (ii) with respect to a transaction or series of transactions
involving aggregate payments or value equal to or greater than $25,000,000, the Borrower shall have delivered an Officer’s Certificate to the Agent certifying that such transaction or series of transactions complies with the preceding clause
(i) and that such transaction or series of 
  

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transactions has been approved by a majority of the board of directors of the General Partner (including a majority of the disinterested directors). 

7.2.9 Subsidiaries. 

Each of the Loan Parties (other than the Parent) shall not, and shall not permit any of its Restricted Subsidiaries to, own or create
directly or indirectly any Subsidiaries other than (i) any Subsidiary which has joined this Agreement as Guarantor on the Closing Date; (ii) any Subsidiary formed after the Closing Date which joins this Agreement as a Guarantor pursuant to
Section 10.18 [Joinder of Guarantors] within thirty days after its formation; (iii) any Unrestricted Subsidiary. Each of the Loan Parties (other than the Parent) shall not become or agree to (1) become a general or limited partner in
any general or limited partnership, except that the Loan Parties may be general or limited partners in other Loan Parties and limited partners in Unrestricted Subsidiaries; provided, that no Loan Party shall agree to be liable for any
liabilities of such partnership beyond their partnership interests therein and, (2) become a member or manager of, or hold a limited liability company interest in, a limited liability company, except that the Loan Parties may be members or
managers of, or hold limited liability company interests in, other Loan Parties and Unrestricted Subsidiaries; provided, that no Loan Party shall agree to be liable for any liabilities of such limited liability company beyond their equity
interests therein, or (3) become a joint venturer or hold a joint venture interest in any joint venture. 
 7.2.10
Continuation of or Change in Business; Parent Holding Company Status. 
 Each of the Loan Parties (other than the
Parent) shall not, and shall not permit any of its Restricted Subsidiaries to, engage in any business in the United States other than (i) the coal and Hydrocarbon land management business, including coal leasing and the collection of coal and
Hydrocarbon royalties and the ownership and operation of coal infrastructure (including coal loading and coal handling), (ii) the business of managing and harvesting timberlands, (iii) the midstream business, including the transportation
of crude oil and liquid and gaseous Hydrocarbons, (iv) any businesses reasonably related to or ancillary to any of the foregoing, including leasing of any of its property in consideration of a royalty or other income stream from any energy
related business, and (v) any other business which would not, as a result, substantially change the general nature of the business engaged in by the Loan Parties and each of the Restricted Subsidiaries, on a consolidated basis as engaged in by
such parties as of the Closing Date. The Parent may not engage in any business and may not have any assets or liabilities (except those liabilities resulting from the Indebtedness permitted under Section 7.2.1(viii)) other than those resulting
from its ownership of the Borrower. 
  

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 7.2.11 Reserved. 

7.2.12 Fiscal Year. 

Each of the Loan Parties shall not, and shall not permit any of its Restricted Subsidiaries to, change its fiscal year from the
twelve-month period beginning January 1st and ending December 31st. 
 7.2.13 Issuance of Stock. 

Each of the Loan Parties (other than the Parent) shall not, and shall not permit any of its Restricted Subsidiaries to, issue any
additional shares of its capital stock, limited partnership interest or limited liability company interests, as the case may be, or any options, warrants or other rights in respect thereof, except to the Loan Parties. 

7.2.14 Changes in Organizational Documents; MLP Agreement. 

(a) Each of the Loan Parties (other than the Parent) shall not, and shall not permit any of its Restricted Subsidiaries to, amend its
certificate of incorporation (including any provisions or resolutions relating to capital stock), by-laws, certificate of limited partnership, partnership agreement, certificate of formation, limited liability company agreement or other
organizational documents in any respect that reasonably could be expected to materially and adversely effect the interests of the Lenders. 

(b) The Parent shall not suffer to exist any amendment or modification to the MLP Agreement in respect of Articles VI or VII, or
Section 2.8, 8.1, 8.2, 12.1, 12.2, 12.3, 12.4, 13.1, 13.2, or 13.3 of the MLP Agreement (or the defined terms used in any such Article or Section), without, in the event such change could reasonably be expected to materially and adversely
affect the interests of Lenders, obtaining the prior written consent of the Required Lenders. 
 7.2.15 Operating
Leases. 
 Each of the Loan Parties (other than the Parent) shall not, and shall not permit any of its Subsidiaries to,
enter into, or be obligated in respect of, any operating lease other than in the ordinary course of business on terms and conditions typical for similarly situated businesses. 

7.2.16 Maximum Leverage Ratio. 

The Loan Parties shall not permit the ratio of Consolidated Total Indebtedness of the Parent and its Restricted Subsidiaries, as
measured at the end of each fiscal quarter, to Consolidated EBITDA, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to exceed 5.25 to 1.0. 

 

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 7.2.17 Minimum Interest Coverage Ratio. 

The Loan Parties shall not permit the ratio of Consolidated EBITDA to Consolidated Interest Expense of the Parent and its Restricted
Subsidiaries, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 2.5 to 1.0. 

7.2.18 Maximum Secured Leverage Ratio. 

The Loan Parties shall not permit the ratio of Consolidated Secured Indebtedness of the Parent and its Restricted Subsidiaries, as
measured at the end of each fiscal quarter, to Consolidated EBITDA, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to exceed 3.75 to 1.0. 

7.2.19 No Limitation on Dividends and Distributions. 

The Borrower shall not permit its Restricted Subsidiaries to enter into or otherwise be bound by any agreement, or any provision of any
certificate of incorporation, by-laws, partnership agreement, operating agreement or other organizational formation or governing document, not to pay dividends or make distributions to the Borrower, except (i) as imposed as a matter of Law by
an Official Body, (ii) temporary encumbrances or restrictions with respect to a Subsidiary under an agreement that has been entered into for the disposition of all or substantially all of the outstanding equity interests of or assets of such
Subsidiary, provided, that such disposition is otherwise permitted hereunder, (iii) customary restrictions on cash, other deposits or assets imposed by customers and other persons under contracts entered into in the ordinary course of
business, (iv) any restriction or condition with respect to property under an agreement that has been entered into for the disposition of such property, provided, that such disposition is otherwise permitted hereunder, or
(v) restrictions or conditions imposed by any agreement relating to secured Indebtedness or other obligations permitted by this Agreement but only to the extent such restriction or condition is limited to the specific assets subject to a
Permitted Lien. 
 7.2.20 Negative Pledges. 

No Loan Party shall directly or indirectly enter into or assume or become bound by, or permit any Restricted Subsidiary to enter into or
assume or become bound by, any agreement (other than this Agreement and the other Loan Documents), or any provision of any certificate of incorporation, bylaws, partnership agreement, operating agreement or other organizational formation or
governing document prohibiting the creation or assumption of any Lien or encumbrance upon any such Loan Party’s or Restricted Subsidiary’s properties, whether now owned or hereafter created or acquired, or otherwise prohibiting or
restricting any transaction contemplated hereby; provided, that the foregoing shall not apply to (i) restrictions and conditions imposed by any Law or by any Loan Document, (ii) restrictions or conditions imposed by any agreement
relating to secured Indebtedness permitted by Section 7.2.1(iv) of this Agreement but only to the extent such restriction or condition is limited to the specific assets subject to a Permitted Lien, (iii) customary provisions in leases or
other agreements restricting assignment thereof or (iv) any restrictions with respect to creation or assumption of Liens (other 

 

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than Liens on the Collateral securing the Obligations) entered into in connection with the Indebtedness permitted under Section 7.2.1(viii). 

7.2.21 Restrictions on Unrestricted Subsidiaries. 

Notwithstanding anything to the contrary contained in this Agreement, no Unrestricted Subsidiary may (i) accept, receive or use any
proceeds from any Loan, except to the extent that such proceeds are investments permitted pursuant to Section 7.2.4(v), and (ii) if a wholly-owned Subsidiary, (a) incur or suffer to exist any Indebtedness, (b) become or be
directly or indirectly liable in respect of any Guaranty, or (c) make or suffer to exist or remain outstanding any loan or advance to, or purchase, acquire or own any stock, bonds, notes or securities of, or any partnership interest (whether
general or limited) or limited liability company interest in, or any other investment or interest in, or make any capital contribution to, any other Person, or agree to become or remain liable to do any of the foregoing (except for ownership of
other Unrestricted Subsidiaries). 
 7.2.22 Designation and Conversion of Restricted and Unrestricted Subsidiaries;
Indebtedness of Unrestricted Subsidiaries. 
 (i) Unless designated as an Unrestricted Subsidiary on Schedule 5.1.3
as of the date hereof or thereafter, assuming compliance with Section 7.2.22(ii), any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary. 

(ii) The Borrower may designate, by written notification thereof to the Agent, a newly formed or newly acquired Subsidiary, as an
Unrestricted Subsidiary if (a) such Subsidiary meets the definition of an Unrestricted Subsidiary, (b) prior, and after giving effect, to such designation, neither an Event of Default or Potential Default exists and is continuing and
(c) 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 Borrower’s direct and indirect equity interests in such Subsidiary and
such investment would be permitted to be made at the time of such designation under Section 7.2.4(v). Except as provided in this Section 7.2.22(ii), no Restricted Subsidiary may be redesignated as an Unrestricted Subsidiary. 

(iii) The Borrower may designate any Unrestricted Subsidiary to be a Restricted Subsidiary if, after giving effect to such designation,
(a) the representations and warranties of the Loan Parties 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), (b) no Event of Default or Potential Default would exist, (c) such Restricted Subsidiary executes a Guarantor Joinder and otherwise complies with Section 10.18 hereof and
(d) the Borrower and such Loan Party complies with the requirements of Section 7.1.13 and Section 7.1.14. 
  

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 7.3 Reporting Requirements. 

The Loan Parties, jointly and severally, covenant and agree that until payment in full of the Loans, Reimbursement Obligations and Letter
of Credit Borrowings and interest thereon, expiration or termination of all Letters of Credit, satisfaction of all of the Loan Parties’ other Obligations hereunder and under the other Loan Documents and termination of the Commitments, the Loan
Parties will furnish or cause to be furnished to the Agent and each of the Lenders: 
 7.3.1 Quarterly Financial
Statements. 
 As soon as available and in any event within forty-five (45) calendar days after the end of each of the
first three fiscal quarters in each fiscal year, financial statements of the Parent and its Subsidiaries, consisting of a consolidated balance sheet as of the end of such fiscal quarter and related consolidated statements of income, partners’
capital and cash flows for the fiscal quarter then ended and the fiscal year through that date, all in reasonable detail and certified (subject to normal year-end audit adjustments) by the Chief Executive Officer, President, Chief Financial Officer,
treasurer or controller of the Borrower as having been prepared in accordance with GAAP, consistently applied, and setting forth in comparative form the respective financial statements for the corresponding date and period in the previous fiscal
year. Filing of Parent’s quarterly Form 10-Q containing such financial statements with the SEC shall be deemed to be delivery of such financial statements to Agent and each Lender. 

7.3.2 Annual Financial Statements. 

As soon as available and in any event within ninety (90) days after the end of each fiscal year of the Borrower, financial
statements of the Parent and its Subsidiaries consisting of a consolidated balance sheet as of the end of such fiscal year, and related consolidated statements of income, partners’ capital and cash flows for the fiscal year then ended, all in
reasonable detail and setting forth in comparative form the financial statements as of the end of and for the preceding fiscal year, and with respect to such consolidated financial statements, certified by independent certified public accountants of
nationally recognized standing satisfactory to the Agent. The certificate or report of accountants shall be free of material qualifications (other than any consistency qualification that may result from a change in the method used to prepare the
financial statements as to which such accountants concur) and shall not indicate the occurrence or existence of any event, condition or contingency which would materially impair the prospect of payment or performance of any covenant, agreement or
duty of any Loan Party under any of the Loan Documents. Filing of Parent’s annual Form 10-K containing such financial statements with the SEC shall be deemed to be delivery of such financial statements to Agent and each Lender. 

7.3.3 Certificate of the Borrower. 

Concurrently with the financial statements of the Borrower furnished to the Agent and to the Lenders pursuant to Sections 7.3.1
[Quarterly Financial Statements] and 7.3.2 [Annual Financial Statements], a certificate (each a “Compliance Certificate”) of the 

 

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Borrower signed by the Chief Executive Officer, President or Chief Financial Officer of the Borrower, in the form of Exhibit 7.3.3, to the effect that, except as described pursuant to
Section 7.3.4 [Notice of Default], (i) the representations and warranties of the Loan Parties contained in Section 5 and in the other Loan Documents are true in all material respects on and as of the date of such certificate with the
same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which expressly relate solely to an earlier date or time), (ii) no Event of Default or Potential Default
exists and is continuing on the date of such certificate and (iii) containing calculations in sufficient detail to demonstrate compliance as of the date of such financial statements with all financial covenants contained in Section 7.2
[Negative Covenants]. 
 7.3.4 Notice of Default. 

Promptly after any officer of any Loan Party has learned of the occurrence of an Event of Default or Potential Default, a certificate
signed by the Chief Executive Officer, President or Chief Financial Officer of such Loan Party setting forth the details of such Event of Default or Potential Default and the action which such Loan Party proposes to take with respect thereto.

 7.3.5 Notice of Litigation. 

Promptly after the commencement thereof, notice of all actions, suits, proceedings or investigations before or by any Official Body or
any other Person against any Loan Party or Subsidiary of any Loan Party which involve a claim or series of claims reasonably likely in the estimate of the Borrower to result in a liability in excess of $10,000,000 or which if adversely determined
could reasonably be expected to constitute a Material Adverse Change. 
 7.3.6 Certain Events. 

Written notice to the Agent at least ten (10) calendar days prior thereto, with respect to any proposed sale or transfer of assets
pursuant to Section 7.2.7(v). 
 7.3.7 Budgets, Forecasts, Other Reports and Information. 

Promptly upon their becoming available to any Loan Party: 

(i) deliver (or cause to be delivered) to the Agent within sixty (60) days following the end of each of the first three fiscal
quarters of the Parent, a report of Available Cash, cash reserves and other related items of the Parent and its Subsidiaries in form and substance satisfactory to the Agent; 

(ii) deliver to the Agent within one hundred twenty (120) days following the end of each fiscal year of the Borrower, an
operational report in form and substance satisfactory to the Agent, showing (A) three-year projections on both the coal and midstream operations, (B) tons of coal mined and sold by lessee, including actual tons mined and sold compared to
the previous fiscal year and to budget, (C) royalty income by lessee, (D) a coal reserve summary, (E) a lease summary, including individual lease profiles and lease property 

 

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maps (upon the reasonable request of the Agent) and (F) with respect to each gas gathering and processing system: (1) contract summaries identifying wellhead purchase, percent of
proceeds, gathering/fee based, and other contracts, (2) gas volume and NGL production, (3) gas prices and NGL prices, (4) hedged position, (5) Available Cash, cash reserves and other related items of the Parent and its
Subsidiaries and (6) any such other information as the Agent may reasonably request from time to time; 
 (iii) any
reports, notices or proxy statements generally distributed by the Borrower to its owners on a date no later than the date supplied to such owners; 

(iv) regular or periodic reports, including Forms 10-K, 10-Q and 8-K (other than filings limited to immaterial items), registration
statements and prospectuses and other shareholder communications, filed by the Borrower with the Securities and Exchange Commission; provided that filing by Parent of such reports, statements, prospectuses and other shareholder communications with
the SEC shall be deemed to be delivery of the same to Agent and each Lender; 
 (v) a copy of any order in any proceeding to
which the Borrower or any of its Restricted Subsidiaries is a party issued by any Official Body; and 
 (vi) such other reports
and information as any of the Lenders may from time to time reasonably request. The Borrower shall also notify the Lenders promptly of the enactment or adoption of any Law which may result in a Material Adverse Change. 

8. DEFAULT 

8.1 Events of Default. 

An Event of Default shall mean the occurrence or existence of any one or more of the following events or conditions (whatever the reason
therefor and whether voluntary, involuntary or effected by operation of Law): 
 8.1.1 Payments Under Loan Documents.

 The Borrower shall fail to pay (a) any interest on any Loan, Reimbursement Obligation or Letter of Credit Borrowing or
any other amount owing hereunder or under the other Loan Documents when due and such failure continues for three (3) Business Days or (b) any principal of any Loan (including scheduled installments, mandatory prepayments or the payment due
at maturity), Reimbursement Obligation or Letter of Credit Borrowing after such principal becomes due in accordance with the terms hereof or thereof; 

8.1.2 Breach of Warranty. 

Any representation or warranty made at any time by any of the Loan Parties herein or by any of the Loan Parties in any other Loan
Document, or in any certificate, 
  

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other instrument or statement furnished pursuant to the provisions hereof or thereof, shall prove to have been false or misleading in any material respect as of the time it was made or furnished;

 8.1.3 Breach of Negative Covenants, Visitation Rights or Delivery of Security Documents. 

Any of the Loan Parties shall default in the observance or performance of any covenant contained in Section 7.1.6 [Visitation
Rights], Section 7.1.13 [Collateral and Additional Collateral; Execution and Delivery of Security Documents] or Section 7.2 [Negative Covenants]; 

8.1.4 Breach of Other Covenants. 

Any of the Loan Parties shall default in the observance or performance of any other covenant, condition or provision hereof or of any
other Loan Document and such default shall continue unremedied for a period of thirty (30) calendar days after any officer of any Loan Party becomes aware of the occurrence thereof (such grace period to be applicable only in the event such
default can be remedied by corrective action of the Loan Parties as determined by the Agent in its sole discretion); 
 8.1.5
Defaults in Other Agreements or Indebtedness. 
 A default or event of default shall occur at any time under the terms
of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which any Loan Party or Restricted Subsidiary of any Loan Party may be obligated as a borrower or guarantor or other obligor in excess of
$10,000,000 in the aggregate, and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any indebtedness when due (whether at stated maturity, by
acceleration or otherwise) or if such breach or default permits or causes the acceleration of any indebtedness (whether or not such right shall have been waived) or the termination of any commitment to lend; 

8.1.6 Final Judgments or Orders. 

Any final judgments or orders for the payment of money in excess of $10,000,000 in the aggregate shall be entered against any one Loan
Party or any combination of Loan Parties by a court having jurisdiction in the premises, which judgment is not discharged, vacated, bonded or stayed pending appeal within a period of thirty (30) days from the date of entry; 

8.1.7 Loan Document Unenforceable. 

Any of the Loan Documents shall cease to be legal, valid and binding agreements enforceable against the party executing the same or such
party’s successors and assigns (as permitted under the Loan Documents) in accordance with the respective terms thereof or shall in any way be terminated (except in accordance with its terms) or become or be declared ineffective or inoperative
or shall in any way be challenged or contested or cease to give or 
  

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provide the respective Liens, security interests, rights, titles, interests, remedies, powers or privileges intended to be created thereby; 

8.1.8 Uninsured Losses; Proceedings Against Assets. 

There shall occur any material uninsured damage to or loss, theft or destruction of any property of the Loan Parties in excess of
$10,000,000 or any of the Loan Parties’ or any of their Restricted Subsidiaries’ assets are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or
assignee for the benefit of creditors and the same is not cured within thirty (30) days thereafter; 
 8.1.9 Notice of
Lien or Assessment; Events relating to Plans and Benefit Arrangements. 
 (i) A notice of Lien or assessment in excess of
$10,000,000 which is not a Permitted Lien is filed of record with respect to all or any part of any of the Loan Parties’ or any of their Restricted Subsidiaries’ assets by the United States, or any department, agency or instrumentality
thereof, or by any state, county, municipal or other governmental agency, including the PBGC, or any taxes or debts owing at any time or times hereafter to any one of these becomes payable and the same is not paid within thirty (30) days after
the same becomes payable; 
 (ii) (x) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has
resulted or could reasonably be expected to result in liability of the Borrower under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of $10,000,000, or (y) Borrower or any member of the
ERISA Group fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of
$10,000,000. 
 8.1.10 Insolvency. 

Any Loan Party or any Restricted Subsidiary of a Loan Party ceases to be Solvent or admits in writing its inability to pay its debts as
they mature; 
 8.1.11 Cessation of Business. 

Any Loan Party or Restricted Subsidiary of a Loan Party ceases to conduct its business as contemplated, except as expressly permitted
under Section 7.2.6 [Liquidations, Mergers, Etc.] or 7.2.7 [Dispositions of Assets or Subsidiaries], or any Loan Party or Restricted Subsidiary of a Loan Party is enjoined, restrained or in any way prevented by court order from conducting all
or any material part of its business and such injunction, restraint or other preventive order is not dismissed within sixty (60) days after the entry thereof; 

 

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 8.1.12 Change of Control. 

A Change of Control shall occur; 

8.1.13 Involuntary Proceedings. 

A proceeding shall have been instituted in a court having jurisdiction in the premises seeking a decree or order for relief in respect
of any Loan Party or Restricted Subsidiary of a Loan Party in an involuntary case under any applicable bankruptcy, insolvency, reorganization or other similar law now or hereafter in effect, or for the appointment of a receiver, liquidator,
assignee, custodian, trustee, sequestrator or conservator (or similar official) of any Loan Party or Restricted Subsidiary of a Loan Party for any substantial part of its property or for the winding-up or liquidation of its affairs, and such
proceeding shall remain undismissed or unstayed and in effect for a period of sixty (60) consecutive days or such court shall enter a decree or order granting any of the relief sought in such proceeding or 

8.1.14 Voluntary Proceedings. 

Any Loan Party or Restricted Subsidiary of a Loan Party shall commence a voluntary case under any applicable bankruptcy, insolvency,
reorganization or other similar law now or hereafter in effect, shall consent to the entry of an order for relief in an involuntary case under any such law or shall consent to the appointment or taking possession by a receiver, liquidator, assignee,
custodian, trustee, sequestrator or conservator (or other similar official) of itself or for any substantial part of its property shall make a general assignment for the benefit of creditors, shall fail generally to pay its debts as they become due
or shall take any action in furtherance of any of the foregoing. 
 8.2 Consequences of Event of Default. 

8.2.1 Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings. 

If an Event of Default specified under Sections 8.1.1 through 8.1.12 shall occur and be continuing, the Lenders and the Agent shall
be under no further obligation to make Loans or issue Letters of Credit, as the case may be, and the Agent may, and upon the request of the Required Lenders shall, (i) terminate the Commitments, (ii) by written notice to the Borrower,
declare the unpaid principal amount of the Notes then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Lenders hereunder and thereunder to be forthwith due and payable, and the same
shall thereupon become and be immediately due and payable to the Agent for the benefit of each Lender without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived and (iii) require the Borrower
to, and the Borrower shall thereupon, deposit in a non-interest-bearing account with the Agent, as cash collateral for its Reimbursement Obligations with respect to outstanding Letters of Credit, an amount equal to the maximum amount currently or at
any time thereafter available to be drawn on all outstanding Letters of Credit, and the Borrower hereby pledges to the Agent and the Lenders, and grants to the Agent and the Lenders a 

 

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security interest in, all such cash as security for such Reimbursement Obligations. Upon the curing of all existing Events of Default to the satisfaction of the Required Lenders, the Agent shall
return such cash collateral to the Borrower; and 
 8.2.2 Bankruptcy, Insolvency or Reorganization Proceedings.

 If an Event of Default specified under Section 8.1.13 [Involuntary Proceedings] or 8.1.14 [Voluntary Proceedings] shall
occur, the Lenders shall be under no further obligations to make Loans hereunder, the Commitments shall be terminated and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other
Indebtedness of the Borrower to the Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and 

8.2.3 Set-off. 

If an Event of Default shall occur and be continuing, any Lender to whom any Obligation is owed by any Loan Party hereunder or under any
other Loan Document or any participant of such Lender which has agreed in writing to be bound by the provisions of Section 9.13 [Equalization of Lenders] and any branch, Subsidiary or Affiliate of such Lender or participant anywhere in the
world shall have the right, in addition to all other rights and remedies available to it, without notice to such Loan Party, to set-off against and apply to the then, unpaid balance of all the Loans and all other Obligations of the Borrower and the
other Loan Parties hereunder or under any other Loan Document any debt owing to, and any other funds held in any manner for the account of, the Borrower or such other Loan Party by such Lender or participant or by such branch, Subsidiary or
Affiliate, including all funds in all deposit accounts (whether time or demand, general or special, provisionally credited or finally credited, or otherwise) now or hereafter maintained by the Borrower or such other Loan Party for its own account
(but not including funds held in custodian or trust accounts) with such Lender or participant or such branch, Subsidiary or Affiliate. Such right shall exist whether or not any Lender or the Agent shall have made any demand under this Agreement or
any other Loan Document, whether or not such debt owing to or funds held for the account of the Borrower or such other Loan Party is or are matured or unmatured and regardless of the existence or adequacy of any collateral, Guaranty or any other
security, right or remedy available to any Lender or the Agent. The rights of each Lender and their respective Affiliates and participants under this Section are in addition to other rights and remedies (including other rights of setoff) that such
Lender or their respective Affiliates and participants may have; and 
 8.2.4 Suits, Actions, Proceedings. 

If an Event of Default shall occur and be continuing, and whether or not the Agent shall have accelerated the maturity of Loans pursuant
to any of the foregoing provisions of this Section 8.2, the Agent, at the direction of the Required Lenders, may proceed to protect and enforce the Lenders’ rights by suit in equity, action at law and/or other appropriate proceeding,
whether for the specific performance of any covenant or agreement contained in this Agreement or the other Loan Documents, including as permitted by applicable Law the obtaining 

 

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of the ex parte appointment of a receiver, and, if such amount shall have become due, by declaration or otherwise, proceed to enforce the payment thereof or any other legal or
equitable right of the Agent and the Lenders; and 
 8.2.5 Application of Proceeds; Collateral Sharing. 

8.2.5.1 Application of Proceeds. 

From and after the date on which the Agent has taken any action pursuant to this Section 8.2 and until all Obligations of the Loan
Parties have been paid in full, any and all proceeds received by the Agent from any sale or other disposition of the Collateral, or any part thereof, or the exercise of any other remedy by the Agent, shall be applied as follows: 

(i) First, to reimburse the Agent for that portion of the Obligations constituting indemnities and out-of-pocket costs, expenses and
disbursements, including reasonable attorneys’ and paralegals’ fees and legal expenses, incurred by the Agent payable under Section 9.5 [Reimbursement and Indemnification of Agent by Borrower], or in connection with realizing on the
Collateral or collection of any of the other Obligations of any of the Loan Parties under any of the Loan Documents, including advances made by the Agent for the reasonable maintenance, preservation, protection or enforcement of, or realization
upon, the Collateral, including advances for taxes, insurance, repairs and the like and reasonable expenses incurred to sell or otherwise realize on, or prepare for sale or other realization on, any of the Collateral; 

(ii) Second, to the repayment of that portion of the Obligations constituting fees, indemnities and out-of-pocket costs, expenses and
disbursements, (other than principal, interest and fees on Letters of Credit) payable to the Lenders and the Agent as issuer of Letters of Credit (including reasonable attorneys and paralegals’ fees and legal expenses incurred by the Lenders
and the Agent as issuer of Letters of Credit), ratably among them in proportion to the respective amount described in this clause second payable to them; 

(iii) Third, to payment of that portion of the Obligations constituting accrued and unpaid interest and fees on the Loans and fees on
Letters of Credit, ratably among the Lenders and the Agent in its capacity as issuer of Letters of Credit in proportion to the respective amounts described in this clause Third payable to them; 

(iv) Fourth (a) to payment of that portion of the Obligations constituting unpaid principal of the Loans and Letters of Credit,
(b) to cash collateralize that Letters of Credit Outstanding, (c) to payment of breakage, termination or other amounts owing in respect of any Other Lender-Provided Financial Service Product, Lender-Provided Interest Rate Hedge or
Lender-Provided Commodity Hedge, ratably among the Lenders, the TM Providers, the IRH Providers, and the CH Providers and the Agent as issuer of Letters of Credit in proportion to the respective amounts described in this clause Fourth held by them;
and 
 (v) Last, the balance, if any, after all of the Obligations have been paid in full, as required by Law. 

 

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 8.2.5.2 Collateral Sharing. 

All Liens granted under the Security Documents shall secure ratably and on a pari passu basis (i) the Obligations in favor
of the Agent and the Lenders hereunder and (ii) the Obligations incurred by any of the Loan Parties in favor of any Lender or any Affiliate or any Subsidiary thereof, which provides a Lender-Provided Interest Rate Hedge (the “IRH
Provider”) or a Lender-Provided Commodity Hedge (the “CH Provider”) or an Other Lender-Provided Financial Service Product (the “TM Provider”), it being understood that any Lender or Affiliate or Subsidiary thereof that is
either an IRH Provider, a CH Provider or a TM Provider shall continue to be an IRH Provider, a CH Provider or a TM Provider, as the case may be, after such Lender ceases to be a Lender under this Agreement with respect to any Lender-Provided
Interest Rate Hedge, Lender-Provided Commodity Hedge or Other Lender-Provided Financial Service Product that is entered into while such Lender was a Lender hereunder, if such former Lender or its relevant Affiliate or Subsidiary, as applicable
enters into a collateral agency agreement with the Agent in form and substance acceptable to the Agent in its sole discretion. The Agent under the Security Documents shall be deemed to serve as the collateral agent (the “Collateral Agent”)
for the IRH Provider, the CH Provider, the TM Provider and the Lenders hereunder, provided, that the Collateral Agent shall comply with the instructions and directions of the Agent (or the Lenders under this Agreement to the extent that this
Agreement or any other Loan Documents empowers the Lenders to direct the Agent), as to all matters relating to the Collateral, including the maintenance and disposition thereof. No IRH Provider or CH Provider or TM Provider (except in its capacity
as a Lender hereunder) shall be entitled or have the power to direct or instruct the Collateral Agent on any such matters or to control or direct in any manner the maintenance or disposition of the Collateral. 

8.2.6 Other Rights and Remedies. 

In addition to all of the rights and remedies contained in this Agreement or in any of the other Loan Documents, the Agent shall have
all of the rights and remedies of a secured party under the Uniform Commercial Code or other applicable Law, all of which rights and remedies shall be cumulative and non-exclusive, to the extent permitted by Law. The Agent may, and upon the request
of the Required Lenders shall, exercise all post-default rights granted to the Agent and the Lenders under the Loan Documents or applicable Law. 

8.3 Notice of Sale. 

Any notice required to be given by the Agent of a sale, lease, or other disposition of the Collateral or any other intended action by the
Agent, if given to the Borrower ten (10) Business Days prior to such proposed action, shall constitute commercially reasonable and fair notice thereof to the Loan Parties. 

 

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 9. THE AGENT 

9.1 Appointment. 

Each Lender hereby irrevocably designates, appoints and authorizes PNC Bank to act as Agent for such Lender under this Agreement and to
execute and deliver or accept on behalf of each of the Lenders the other Loan Documents. Each Lender hereby irrevocably authorizes, and each holder of any Note by the acceptance of a Note shall be deemed irrevocably to authorize, the Agent to take
such action on its behalf under the provisions of this Agreement and the other Loan Documents and any other instruments and agreements referred to herein, and to exercise such powers and to perform such duties hereunder as are specifically delegated
to or required of the Agent by the terms hereof, together with such powers as are reasonably incidental thereto. PNC Bank agrees to act as the Agent on behalf of the Lenders to the extent provided in this Agreement. 

9.2 Delegation of Duties. 

The Agent may perform any of its duties hereunder by or through agents or employees (provided such delegation does not constitute a relinquishment
of its duties as Agent) and, subject to Sections 9.5 [Reimbursement and Indemnification of Agent by the Borrower] and 9.6 [Exculpatory Provisions; Limitation of Liability], shall be entitled to engage and pay for the advice or services of any
attorneys, accountants or other experts concerning all matters pertaining to its duties hereunder and to rely upon any advice so obtained. It is acknowledged and agreed that each of RBC Capital Markets and Wells Fargo Bank, N.A. has received the
title of co-syndication agent under this Agreement, that each of Bank of America, N.A., SunTrust Bank, BNP Paribas, Branch Banking and Trust Company and Union Bank has received the title of co-documentation agent under this Agreement; however, such
designations are solely to give each of RBC Capital Markets, Wells Fargo Bank, N.A., Bank of America, N.A., SunTrust Bank, BNP Paribas, Branch Banking and Trust Company and Union Bank its respective title and each of RBC Capital Markets, Wells Fargo
Bank, N.A., Bank of America, N.A., SunTrust Bank, BNP Paribas, Branch Banking and Trust Company and Union Bank has no duties, responsibilities, functions, obligations or liabilities, implied or otherwise, under the Loan Documents solely as a result
of being so designated as a co-syndication agent or a co-documentation agent, respectively. 
 9.3 Nature of Duties;
Independent Credit Investigation. 
 The Agent shall have no duties or responsibilities except those expressly set forth in
this Agreement and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or otherwise exist. The duties of the Agent shall be mechanical and administrative in nature; the Agent shall
not have by reason of this Agreement a fiduciary or trust relationship in respect of any Lender; and nothing in this Agreement, expressed or implied, is intended to or shall be so construed as to impose upon the Agent any obligations in respect of
this Agreement except as expressly set forth herein. Without limiting the generality of the foregoing, the use of the term “agent” in this Agreement with reference to the 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 merely as a matter of market custom, 

 

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and is intended to create or reflect only an administrative relationship between independent contracting parties. Each Lender expressly acknowledges (i) that the Agent has not made any
representations or warranties to it and that no act by the Agent hereafter taken, including any review of the affairs of any of the Loan Parties, shall be deemed to constitute any representation or warranty by the Agent to any Lender; (ii) that
it has made and will continue to make, without reliance upon the Agent, its own independent investigation of the financial condition and affairs and its own appraisal of the creditworthiness of each of the Loan Parties in connection with this
Agreement and the making and continuance of the Loans hereunder and (iii) except as expressly provided herein, that the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit
or other information with respect thereto, whether coming into its possession before the making of any Loan or at any time or times thereafter. 

9.4 Actions in Discretion of Agent; Instructions From the Lenders. 

The Agent agrees, upon the written request of the Required Lenders, to take or refrain from taking any action of the type specified as
being within the Agent’s rights, powers or discretion herein, provided, that the Agent shall not be required to take any action which exposes the Agent to personal liability or which is contrary to this Agreement or any other Loan
Document or applicable Law. In the absence of a request by the Required Lenders, the Agent shall have authority, in its sole discretion, to take or not to take any such action, unless this Agreement specifically requires the consent of the Required
Lenders or all of the Lenders. Any action taken or failure to act pursuant to such instructions or discretion shall be binding on the Lenders, subject to Section 9.6 [Exculpatory Provisions, Etc.]. Subject to the provisions of Section 9.6,
no Lender shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders, or in the absence of such instructions, in the
absolute discretion of the Agent. 
 9.5 Reimbursement and Indemnification of Agent by the Borrower. 

The Borrower unconditionally agrees to pay or reimburse the Agent and hold the Agent harmless against (a) liability for the payment
of all reasonable out-of-pocket costs, expenses and disbursements, including fees and expenses of counsel (including the out-of-pocket expenses of staff counsel), appraisers and environmental consultants, incurred by the Agent (i) in connection
with the development, negotiation, preparation, printing, execution, administration, syndication, interpretation and performance of this Agreement and the other Loan Documents, (ii) relating to any requested amendments, waivers or consents
pursuant to the provisions hereof, (iii) in connection with the enforcement of this Agreement or any other Loan Document or collection of amounts due hereunder or thereunder or the proof and allowability of any claim arising under this
Agreement or any other Loan Document, whether in bankruptcy or receivership proceedings or otherwise and (iv) in any workout or restructuring or in connection with the protection, preservation, exercise or enforcement of any of the terms hereof
or of any rights hereunder or under any other Loan Document or in connection with any foreclosure, collection or bankruptcy proceedings and (b) all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses
or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against the Agent, in its capacity as such, in any way 

 

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relating to or arising out of this Agreement or any other Loan Documents or any action taken or omitted by the Agent hereunder or thereunder; provided, that the Borrower shall not be
liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements if the same results from the Agent’s gross negligence or willful misconduct, or if the Borrower was
not given notice of the subject claim and the opportunity to participate in the defense thereof, at its expense (except that the Borrower shall remain liable to the extent such failure to give notice does not result in a loss to the Borrower) or if
the same results from a compromise or settlement agreement entered into without the consent of the Borrower, which shall not be unreasonably withheld. In addition, the Borrower agrees to reimburse and pay all reasonable out-of-pocket expenses of the
Agent’s regular employees and agents engaged to perform (y) one annual audit of the Loan Parties’ books, records and business properties in the absence of an Event of Default, and (z) additional audits of the Loan Parties’
books, records and business properties during the continuance of an Event of Default. 
 9.6 Exculpatory Provisions;
Limitation of Liability. 
 Neither the Agent nor any of its directors, officers, employees, agents, attorneys or Affiliates
shall (a) be liable to any Lender for any action taken or omitted to be taken by it or them hereunder, or in connection herewith including pursuant to any Loan Document, unless caused by its or their own gross negligence or willful misconduct,
(b) be responsible in any manner to any of the Lenders for the effectiveness, enforceability, genuineness, validity or the due execution of this Agreement or any other Loan Documents or for any recital, representation, warranty, document,
certificate, report or statement herein or made or furnished under or in connection with this Agreement or any other Loan Documents or (c) be under any obligation to any of the Lenders to ascertain or to inquire as to the performance or
observance of any of the terms, covenants or conditions hereof or thereof on the part of the Loan Parties, or the financial condition of the Loan Parties, or the existence or possible existence of any Event of Default or Potential Default. No claim
may be made by any of the Loan Parties, any Lender, the Agent or any of their respective Subsidiaries against the Agent, any Lender or any of their respective directors, officers, employees, agents, attorneys or Affiliates, or any of them, for any
special, indirect or consequential damages or, to the fullest extent permitted by Law, for any punitive damages in respect of any claim or cause of action (whether based on contract, tort, statutory liability, or any other ground) based on, arising
out of or related to any Loan Document or the transactions contemplated hereby or any act, omission or event occurring in connection therewith, including the negotiation, documentation, administration or collection of the Loans, and each of the Loan
Parties (for itself and on behalf of each of its Subsidiaries), the Agent and each Lender hereby waive, releases and agree never to sue upon any claim for any such damages, whether such claim now exists or hereafter arises and whether or not it is
now known or suspected to exist in its favor. Each Lender agrees that, except for notices, reports and other documents expressly required to be furnished to the Lenders by the Agent hereunder or given to the Agent for the account of or with copies
for the Lenders, the Agent and each of its directors, officers, employees, agents, attorneys or Affiliates shall not have any duty or responsibility to provide any Lender with an credit or other information concerning the business, operations,
property, condition (financial or otherwise), prospects or creditworthiness of the Loan Parties which may come into the possession of the Agent or any of its directors, officers, employees, agents, attorneys or Affiliates. 

 

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 9.7 Reimbursement and Indemnification of Agent by Lenders. 

Each Lender agrees to reimburse and indemnify the Agent (to the extent required to be, but not reimbursed by the Borrower and without
limiting the Obligation of the Borrower to do so) in proportion to its Ratable Share determined at the time any such claim is asserted from and against all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements, including attorneys’ fees and disbursements (including the allocated costs of staff counsel), and costs of appraisers and environmental consultants, of any kind or nature whatsoever which may be imposed on, incurred
by or asserted against the Agent, in its capacity as such, in any way relating to or arising out of this Agreement or any other Loan Documents or any action taken or omitted by the Agent hereunder or thereunder; provided, that no Lender shall
be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements (a) if the same results from the Agent’s gross negligence or willful misconduct,
(b) if such Lender was not given notice of the subject claim and the opportunity to participate in the defense thereof, at its expense (except that such Lender shall remain liable to the extent such failure to give notice does not result in a
loss to the Lender) or (c) if the same results from a compromise and settlement agreement entered into without the consent of such Lender, which shall not be unreasonably withheld. In addition, each Lender agrees promptly upon demand to
reimburse the Agent (to the extent not reimbursed by the Borrower and without limiting the Obligation of the Borrower to do so) in proportion to its Ratable Share for all amounts due and payable by the Borrower to the Agent in connection with the
Agent’s periodic audit of the Loan Parties’ books, records and business properties. 
 9.8 Reliance by Agent.

 The Agent shall be entitled to rely upon any writing, telegram, telex or teletype message, resolution, notice, consent,
certificate, letter, cablegram, statement, order or other document or conversation by telephone or otherwise believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons, and upon the advice and
opinions of counsel and other professional advisers selected by the Agent. The Agent shall be fully justified in failing or refusing to take any action hereunder unless it shall first be indemnified to its satisfaction by the Lenders against any and
all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. 
 9.9
Notice of Default. 
 The Agent shall not be deemed to have knowledge or notice of the occurrence of any Potential
Default or Event of Default unless the Agent has received written notice from a Lender or the Borrower or any other Loan Party referring to this Agreement, describing such Potential Default or Event of Default and stating that such notice is a
“notice of default.” 
 9.10 Notices. 

The Agent shall promptly send to each Lender a copy of all notices received from the Borrower or any other Loan Party pursuant to the
provisions of this Agreement or the other 
  

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Loan Documents promptly upon receipt thereof. The Agent shall promptly notify the Borrower and the other Lenders of each change in the Base Rate and the effective date thereof. 

9.11 Lenders in Their Individual Capacities; Agent in its Individual Capacity. 

With respect to its Commitment, and the Loans made by it and any other rights and powers given to it as a Lender hereunder or under any
of the other Loan Documents, the Agent shall have the same rights and powers hereunder as any other Lender and may exercise the same as though it were not the Agent, and the term “Lender” and “Lenders” shall, unless the context
otherwise indicates, include the Agent in its individual capacity. PNC Bank and its Affiliates and each of the Lenders and their respective Affiliates may, without liability to account, except as prohibited herein, make loans to, issue letters of
credit for the account of, acquire equity interests in, accept deposits from, discount drafts for, act as trustee under indentures of, and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with, the
Loan Parties and their Affiliates, in the case of the Agent, as though it were not acting as Agent hereunder and in the case of each Lender, as though such Lender were not a Lender hereunder, in each case without notice to or consent of the other
Lenders. The Lenders acknowledge that, pursuant to such activities, the Agent or its Affiliates may (i) receive information regarding the Loan Parties or any of their Subsidiaries or Affiliates (including information that may be subject to
confidentiality obligations in favor of the Loan Parties or such Subsidiary or Affiliate) and acknowledge that the Agent shall be under no obligation to provide such information to them and (ii) accept fees and other consideration from the Loan
Parties for services in connection with this Agreement and otherwise without having to account for the same to the Lenders. 

9.12 Holders of Notes. 

The Agent may deem and treat any payee of any Note as the owner thereof for all purposes hereof unless and until written notice of the
assignment or transfer thereof shall have been filed with the Agent. Any request, authority or consent of any Person who at the time of making such request or giving such authority or consent is the holder of any Note shall be conclusive and binding
on any subsequent holder, transferee or assignee of such Note or of any Note or Notes issued in exchange therefor. 
 9.13
Equalization of Lenders. 
 The Lenders and the holders of any participations in any Notes agree among themselves that,
with respect to all amounts received by any Lender or any such holder for application on any Obligation under the Credit Agreement or under any Note or under any such participation, whether received by voluntary payment, by realization upon
security, by the exercise of the right of set-off or banker’s lien, by counterclaim or by any other non-pro rata source, equitable adjustment will be made in the manner stated in the following sentence so that, in effect, all such excess
amounts will be shared ratably among the Lenders and such holders in proportion to their interests in payments under the Notes, except as otherwise provided in Section 3.4.3 [Agent’s and Lender’s Rights], 4.4.2 [Replacement of a
Lender] or 4.6 [Additional Compensation in Certain Circumstances]. The Lenders or any such holder receiving any such 

 

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amount shall purchase for cash from each of the other Lenders an interest in such Lender’s Loans in such amount as shall result in a ratable participation by the Lenders and each such holder
in the aggregate unpaid amount under the Notes; provided, that if all or any portion of such excess amount is thereafter recovered from the Lender or the holder making such purchase, such purchase shall be rescinded and the purchase price
restored to the extent of such recovery, together with interest or other amounts, if any, required by law (including court order) to be paid by the Lender or the holder making such purchase. Any Lender that fails at any time to comply with the
provisions of this Section 9.13 shall be deemed a Defaulting Lender until such time as it performs its obligations hereunder and is not otherwise a Defaulting Lender for any other reason. A Defaulting Lender shall be deemed to have assigned any
and all payments due to it from the Borrower, whether on account of or relating to outstanding Loans, Letters of Credit, interest, fees or otherwise, to the remaining non-defaulting Lenders for application to, and reduction of, their respective
Ratable Share of all outstanding Loans and other unpaid Obligations under the Credit Agreement or under any Note to which such Lenders are entitled. A Defaulting Lender shall be deemed to have satisfied the provisions of this Section 9.13 when
and if, as a result of application of the assigned payments to all outstanding Loans and other unpaid Obligations under the Credit Agreement or under any Note to the non-defaulting Lenders, the Lenders’ respective Ratable Share of all
outstanding Loans and unpaid Obligations under the Credit Agreement or under any Note have returned to those in effect immediately prior to such violation of this Section 9.13. 

9.14 Successor Agent. 

The Agent (i) may resign as Agent or (ii) shall resign if such resignation is requested by the Required Lenders (if the Agent
is a Lender, the Agent’s Loans and its Commitment shall be considered in determining whether the Required Lenders have requested such resignation) or required by Section 4.4.2 [Replacement of a Lender], in either case of (i) or
(ii) by giving not less than thirty (30) days’ prior written notice to the Borrower. If the Agent shall resign under this Agreement, then either (a) the Required Lenders shall appoint from among the Lenders a successor agent for
the Lenders, subject to the consent of the Borrower, such consent not to be unreasonably withheld, or (b) if a successor agent shall not be so appointed and approved within the thirty (30) day period following the Agent’s notice to
the Lenders of its resignation, then the Agent shall appoint, with the consent of the Borrower, such consent not to be unreasonably withheld, a successor agent who shall serve as Agent until such time as the Required Lenders appoint and the Borrower
consents to the appointment of a successor agent. Upon its appointment pursuant to either clause (a) or (b) above, such successor agent shall succeed to the rights, powers and duties of the Agent, and the term “Agent” shall mean
such successor agent, effective upon its appointment, and the former Agent’s rights, powers and duties as Agent shall be terminated without any other or further act or deed on the part of such former Agent or any of the parties to this
Agreement. After the resignation of any Agent hereunder, the provisions of this Section 9 shall inure to the benefit of such former Agent and such former Agent shall not by reason of such resignation be deemed to be released from liability for
any actions taken or not taken by it while it was an Agent under this Agreement. 
  

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 9.15 Agent’s Fee. 

The Borrower shall pay to the Agent a nonrefundable fee (the “Agent’s Fee”) under the terms of a letter (the
“Agent’s Letter”) between the Borrower and Agent, as amended from time to time. 
 9.16 Availability of
Funds. 
 The Agent may assume that each Lender has made or will make the proceeds of a Loan available to the Agent unless
the Agent shall have been notified by such Lender on or before the later of (1) the close of Business on the Business Day preceding the Borrowing Date with respect to such Loan or two (2) hours before the time on which the Agent actually
funds the proceeds of such Loan to the Borrower (whether using its own funds pursuant to this Section 9.16 or using proceeds deposited with the Agent by the Lenders and whether such funding occurs before or after the time on which Lenders are
required to deposit the proceeds of such Loan with the Agent). The Agent may, in reliance upon such assumption (but shall not be required to), make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made
available to the Agent by such Lender, the Agent shall be entitled to recover such amount on demand from such Lender (or, if such Lender fails to pay such amount forthwith upon such demand from the Borrower) together with interest thereon, in
respect of each day during the period commencing on the date such amount was made available to the Borrower and ending on the date the Agent recovers such amount, at (i) in the case of a payment to be made by such Lender, the greater of the
Federal Funds Effective Rate and a rate determined by the Agent in accordance with banking industry rules on interbank compensation and (ii) in the case of a payment to be made by the Borrower, the interest rate applicable to Loans under the
Base Rate Option. If such Lender pays its share of the applicable Loan to the Agent, then the amount so paid shall constitute such Lender’s Loan. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against
a Lender that shall have failed to make such payment to the Agent. 
 9.17 Calculations. 

In the absence of gross negligence or willful misconduct, the Agent shall not be liable for any error in computing the amount payable to
any Lender whether in respect of the Loans, fees or any other amounts due to the Lenders under this Agreement. In the event an error in computing any amount payable to any Lender is made, the Agent, the Borrower, and each affected Lender shall,
forthwith upon discovery of such error, make such adjustments as shall be required to correct such error, and any compensation therefor will be calculated at the Federal Funds Effective Rate. 

9.18 No Reliance on Agent’s Customer Identification Program. 

Each Lender acknowledges and agrees that neither such Lender, nor any of its Affiliates, participants or assignees, may rely on the Agent
to carry out such Lender’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the USA Patriot Act or the regulations thereunder, including the

  

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regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any other Anti-Terrorism Law, including any programs involving any of the following
items relating to or in connection with any of the Loan Parties, their Affiliates or their agents, the Loan Documents or the transactions hereunder or contemplated hereby: (1) any identity verification procedures, (2) any recordkeeping,
(3) comparisons with government lists, (4) customer notices or (5) other procedures required under the CIP Regulations or such other Laws. 

9.19 Beneficiaries. 

Except as expressly provided herein, the provisions of this Section 9 are solely for the benefit of the Agent and the Lenders, and
the Loan Parties shall not have any rights to rely on or enforce any of the provisions hereof. In performing its functions and duties under this Agreement, the Agent shall act solely as agent of the Lenders and does not assume and shall not be
deemed to have assumed any obligation toward or relationship of agency or trust with or for any of the Loan Parties. 
 9.20
Certain Releases of Guarantors and Collateral. 
 It is expressly agreed by each Lender, that upon the written request of
the Borrower (accompanied by such certificates and other documentation as the Agent may reasonably request) the Agent on behalf of the Lenders and without any consent or action by any Lender, shall, so long as no Event of Default or Potential
Default exists after giving effect thereto, release, or consent to the release of, any Collateral or any Guarantor from a Guaranty Agreement, in either case, in connection with any sale, transfer, lease, disposition, merger or other transaction
permitted by this Agreement, such release to include (i) releases from the Guaranty Agreement of (a) any Loan Party that ceases to be a Subsidiary pursuant to any sale, transfer, lease, disposition, merger or other transaction permitted by
this Agreement, (b) any Unrestricted Subsidiary or Immaterial Subsidiary which is simultaneously released as a guarantor under the Indebtedness described in Section 7.2.1(viii) and (ii) (a) a release of all the assets of such
Loan Party that ceases to be a Subsidiary other than a pledge of the capital stock or equity interests of a Subsidiary directly owned by any Loan Party and (b) release of any assets of a Loan Party sold or transferred in a transaction permitted
by Section 7.2.7 [Dispositions of Assets or Subsidiaries]. 
 10. MISCELLANEOUS 

10.1 Modifications, Amendments or Waivers. 

With the written consent of the Required Lenders, the Agent, acting on behalf of all the Lenders, and the Borrower, on behalf of the Loan
Parties, may from time to time enter into written agreements amending or changing any provision of this Agreement or any other Loan Document or the rights of the Lenders or the Loan Parties hereunder or thereunder, or may grant written waivers or
consents to a departure from the due performance of the Obligations of the Loan Parties hereunder or thereunder. Any such agreement, waiver or consent made with such 

 

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written consent shall be effective to bind all the Lenders and the Loan Parties; provided, that, no such agreement, waiver or consent may be made which will: 

10.1.1 Increase of Commitment; Extension of Expiration Date. 

Increase the amount of the Commitment of any Lender hereunder or extend the Expiration Date without the written consent of the Lender
affected thereby; 
 10.1.2 Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of
Payment. 
 Whether or not any Loans are outstanding, extend the time for payment of principal or interest of any Loan or
any Reimbursement Obligation (excluding the due date of any mandatory prepayment of a Loan or any mandatory Commitment reduction in connection with such a mandatory prepayment hereunder except for mandatory reductions of the Commitments on the
Expiration Date), the Commitment Fee or any other fee payable to any Lender, or reduce the principal amount of or the rate of interest borne by any Loan or reduce the Commitment Fee or any other fee payable to any Lender or otherwise affect the
terms of payment of the principal of or interest of any Loan, the Commitment Fee or any other fee payable to any Lender without the written consent of the Lender affected thereby; 

10.1.3 Release of Collateral or Guarantor. 

Except for sales of assets permitted by Section 7.2.7 [Disposition of Assets or Subsidiaries] and the releases permitted in
Section 9.20 [Certain Releases of Guarantors and Collateral], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, any
Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations without the written consent of all of the Lenders (other than Defaulting Lenders); or

 10.1.4 Miscellaneous. 

Amend Section 4.2 [Pro Rata Treatment of Lenders], 9.6 [Exculpatory Provisions, Etc.] or 9.13 [Equalization of Lenders] or this
Section 10.1, alter any provision regarding the pro rata treatment of the Lenders, change the definition of “Required Lenders” or change any requirement providing for the Lenders or the Required Lenders to authorize the taking of any
action hereunder without the written consent of all of the Lenders (other than Defaulting Lenders); 
 provided further, that no
agreement, waiver or consent which would modify the interests, rights or obligations of the Agent in its capacity as Agent or as the issuer of Letters of Credit shall be effective without the written consent of the Agent; and provided,
further that, if in connection with any proposed waiver, amendment or modification referred to in Sections 10.1.1 through 10.1.4 above, the consent of the Required Lenders is obtained but the consent of one or more of such other Lenders whose
consent is required is not obtained (each a “Non-Consenting 
  

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Lender”), then the Borrower shall have the right to replace any such Non-Consenting Lender with one or more replacement Lenders pursuant to Section 4.6.2 [Replacement of a
Lender]. 
 10.2 No Implied Waivers; Cumulative Remedies; Writing Required. 

No course of dealing and no delay or failure of the Agent or any Lender in exercising any right, power, remedy or privilege under this
Agreement or any other Loan Document shall affect any other or future exercise thereof or operate as a waiver thereof, nor shall any single or partial exercise thereof or any abandonment or discontinuance of steps to enforce such a right, power,
remedy or privilege preclude any further exercise thereof or of any other right, power, remedy or privilege. The rights and remedies of the Agent and the Lenders under this Agreement and any other Loan Documents are cumulative and not exclusive of
any rights or remedies which they would otherwise have. Any waiver, permit, consent or approval of any kind or character on the part of any Lender of any breach or default under this Agreement or any such waiver of any provision or condition of this
Agreement must be in writing and shall be effective only to the extent specifically set forth in such writing. 
 10.3
Reimbursement and Indemnification of Lenders by the Borrower; Taxes. 
 The Borrower agrees unconditionally upon demand
to pay or reimburse to each Lender (other than the Agent, as to which the Borrower’s Obligations are set forth in Section 9.5 [Reimbursement and Indemnification of Agent by the Borrower]) and to save such Lender harmless against
(i) liability for the payment of all reasonable out-of-pocket costs, expenses and disbursements (including fees and expenses of counsel (including out-of-pocket expenses of staff counsel) for each Lender), incurred by such Lender (a) in
connection with the enforcement of this Agreement or any other Loan Document, or collection of amounts due hereunder or thereunder or the proof and allowability of any claim arising under this Agreement or any other Loan Document, whether in
bankruptcy or receivership proceedings or otherwise, and (b) in any workout or restructuring or in connection with the protection, preservation, exercise or enforcement of any of the terms hereof or of any rights hereunder or under any other
Loan Document or in connection with any foreclosure, collection or bankruptcy proceedings, or (ii) all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature
whatsoever which may be imposed on, incurred by or asserted against such Lender, in its capacity as such, in any way relating to or arising out of this Agreement or any other Loan Documents or any action taken or omitted by such Lender hereunder or
thereunder, provided, that the Borrower shall not be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements (A) if the same results from such
Lender’s gross negligence or willful misconduct, or (B) if the Borrower was not given notice of the subject claim and the opportunity to participate in the defense thereof, at its expense (except that the Borrower shall remain liable to
the extent such failure to give notice does not result in a loss to the Borrower), or (C) if the same results from a compromise or settlement agreement entered into without the consent of the Borrower, which shall not be unreasonably withheld.
The Lenders will attempt to minimize the fees and expenses of legal counsel for the Lenders which are subject to reimbursement by the Borrower hereunder by considering the usage of one law firm to represent the Lenders and the Agent if appropriate
under the circumstances. The Borrower agrees unconditionally to pay all stamp, 
  

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document, transfer, recording or filing taxes or fees and similar impositions now or hereafter determined by the Agent or any Lender to be payable in connection with this Agreement or any other
Loan Document, and the Borrower agrees unconditionally to save the Agent and the Lenders harmless from and against any and all present or future claims, liabilities or losses with respect to or resulting from any omission to pay or delay in paying
any such taxes, fees or impositions. 
 10.4 Holidays. 

Whenever payment of a Loan to be made or taken hereunder shall be due on a day which is not a Business Day, such payment shall be due on
the next Business Day (except as provided in Section 3.2 [Interest Periods] with respect to Interest Periods under the Euro-Rate Option) and such extension of time shall be included in computing interest and fees, except that the Loans shall be
due on the Business Day preceding the Expiration Date if the Expiration Date is not a Business Day. Whenever any payment or action to be made or taken hereunder (other than payment of the Loans) shall be stated to be due on a day which is not a
Business Day, such payment or action shall be made or taken on the next following Business Day, and such extension of time shall not be included in computing interest or fees, if any, in connection with such payment or action. 

10.5 Funding by Branch, Subsidiary or Affiliate. 

10.5.1 Notional Funding. 

Each Lender shall have the right from time to time, without notice to the Borrower, to deem any branch, Subsidiary or Affiliate (which
for the purposes of this Section 10.5 shall mean any corporation or association which is directly or indirectly controlled by or is under direct or indirect common control with any corporation or association which directly or indirectly
controls such Lender) of such Lender to have made, maintained or funded any Loan to which the Euro-Rate Option applies at any time; provided, that immediately following (on the assumption that a payment were then due from the Borrower to such
other office), and as a result of such change, the Borrower would not be under any greater financial obligation pursuant to Section 4.6 [Additional Compensation in Certain Circumstances] than it would have been in the absence of such change.
Notional funding offices may be selected by each Lender without regard to such Lender’s actual methods of making, maintaining or funding the Loans or any sources of funding actually used by or available to such Lender. 

10.5.2 Actual Funding. 

Each Lender shall have the right from time to time to make or maintain any Loan by arranging for a branch, Subsidiary or Affiliate of
such Lender to make or maintain such Loan subject to the last sentence of this Section 10.5.2. If any Lender causes a branch, Subsidiary or Affiliate to make or maintain any part of the Loans hereunder, all terms and conditions of this
Agreement shall, except where the context clearly requires otherwise, be applicable to such part of the Loans to the same extent as if such Loans were made or maintained by such Lender, but in no event shall any Lender’s use of such a branch,
Subsidiary or Affiliate to 
  

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make or maintain any part of the Loans hereunder cause such Lender or such branch, Subsidiary or Affiliate to incur any cost or expenses payable by the Borrower hereunder or require the Borrower
to pay any other compensation to any Lender (including any expenses incurred or payable pursuant to Section 4.6 [Additional Compensation in Certain Circumstances]) which would otherwise not be incurred. 

10.6 Notices. 

Any notice, request, demand, direction or other communication (for purposes of this Section 10.6 only, a “Notice”) to be
given to or made upon any party hereto under any provision of this Agreement shall be given or made by telephone or in writing (which includes means of electronic transmission (i.e., “e-mail”), facsimile transmission, setting forth such
Notice on a site on the World Wide Web (a “Website Posting”) if Notice of such Website Posting (including the information necessary to access such site) has previously been delivered to the applicable parties hereto or by another means set
forth in this Section 10.6) in accordance with this Section 10.6. Any such Notice must be delivered to the applicable parties hereto at the addresses and numbers set forth under their respective names on Schedule 1.1(B) hereof or in
accordance with any subsequent unrevoked Notice from any such party that is given in accordance with this Section 10.6. Any Notice shall be effective: 

(i) In the case of hand-delivery, when delivered; 

(ii) If given by mail, four days after such Notice is deposited with the United States Postal Service, with first-class postage prepaid,
return receipt requested; 
 (iii) In the case of a telephonic Notice, when a party is contacted by telephone, if delivery of
such telephonic Notice is confirmed no later than the next Business Day by hand delivery, a facsimile or electronic transmission, a Website Posting or overnight courier delivery of a confirmatory notice (received at or before noon on such next
Business Day); 
 (iv) In the case of a facsimile transmission, when sent to the applicable party’s facsimile
machine’s telephone number if the party sending such Notice receives confirmation of the delivery thereof from its own facsimile machine; 

(v) In the case of electronic transmission, when actually received; 

(vi) In the case of a Website Posting, upon delivery of a Notice of such posting (including the information necessary to access such web
site) by another means set forth in this Section 10.6 and 
 (vii) If given by any other means (including by overnight
courier), when actually received. 
 Any Lender giving a Notice to a Loan Party shall concurrently send a copy thereof to the Agent, and the
Agent shall promptly notify the other Lenders of its receipt of such Notice. 
  

 98 

 10.7 Severability. 

The provisions of this Agreement are intended to be severable. If any provision of this Agreement shall be held invalid or unenforceable
in whole or in part in any jurisdiction, such provision shall, as to such jurisdiction, be ineffective to the extent of such invalidity or unenforceability without in any manner affecting the validity or enforceability thereof in any other
jurisdiction or the remaining provisions hereof in any jurisdiction. 
 10.8 Governing Law. 

Each Letter of Credit and Section 2.9 [Letter of Credit Subfacility] shall be subject to either the rules of the Uniform Customs and
Practice for Documentary Credits, as most recently published by the International Chamber of Commerce (the “ICC”) at the time of issuance (“UCP”) or the rules of the International Standby Practices (ICC Publication No. 590)
(“ISP98”), as determined by the issuer thereof, as either of the same may be revised or amended from time to time, and to the extent not inconsistent therewith, the internal laws of the State of New York without regard to its conflict of
laws principles, and the balance of this Agreement shall be deemed to be a contract under the Laws of the State of New York and for all purposes shall be governed by and construed and enforced in accordance with the internal laws of the State of New
York without regard to its conflict of laws principles. 
 10.9 Prior Understanding. 

This Agreement and the other Loan Documents supersede all prior understandings and agreements, whether written or oral, between the
parties hereto and thereto relating to the transactions provided for herein and therein, including any prior confidentiality agreements and commitments. 

10.10 Duration; Survival. 

All representations and warranties of the Loan Parties contained herein or made in connection herewith shall survive the making of Loans
and issuance of Letters of Credit and shall not be waived by the execution and delivery of this Agreement, any investigation by the Agent or the Lenders, the making of Loans, issuance of Letters of Credit, or payment in full of the Loans. All
covenants and agreements of the Loan Parties contained in Sections 7.1 [Affirmative Covenants], 7.2 [Negative Covenants] and 7.3 [Reporting Requirements] herein shall continue in full force and effect from and after the date hereof so long as
the Borrower may borrow or request Letters of Credit hereunder and until termination of the Commitments and payment in full of the Loans and expiration or termination of all Letters of Credit. All covenants and agreements of the Borrower contained
herein relating to the payment of principal, interest, premiums, additional compensation or expenses and indemnification, including those set forth in the Notes, Section 4 [Payments] and Sections 9.5 [Reimbursement of Agent by Borrower,
Etc.], 9.7 [Reimbursement of Agent by Lenders, Etc.] and 10.3 [Reimbursement of Lenders by Borrower; Etc.], shall survive payment in full of the Loans, expiration or termination of the Letters of Credit and termination of the Commitments.

  

 99 

 10.11 Successors and Assigns. 

(i) This Agreement shall be binding upon and shall inure to the benefit of the Lenders, the Agent, the Loan Parties and their respective
successors and assigns, except that none of the Loan Parties may assign or transfer any of its rights and Obligations hereunder or any interest herein. Each Lender may, at its own cost, make assignments of or sell participations in all or any part
of its Commitments and the Loans made by it to one or more banks or other entities, subject to the consent of the Borrower and the Agent with respect to any assignee, such consent not to be unreasonably withheld; provided, that (1) no
consent of the Borrower shall be required (A) if an Event of Default exists and is continuing or (B) in the case of an assignment by a Lender to an Affiliate of such Lender and (2) any assignment by a Lender to a Person other than an
Affiliate of such Lender may not be made in amounts less than the lesser of $5,000,000 or the total amount of the assigning Lender’s Commitment. In the case of an assignment, upon receipt by the Agent of the Assignment and Assumption Agreement,
the assignee shall have, to the extent of such assignment (unless otherwise provided therein), the same rights, benefits and obligations as it would have if it had been a signatory Lender hereunder, the Commitments shall be adjusted accordingly, and
upon surrender of any Note subject to such assignment, the Borrower shall execute and deliver a new Note to the assignee in an amount equal to the amount of the Commitment assumed by it and a new Note to the assigning Lender in an amount equal to
the Commitment retained by it hereunder. Any Lender which assigns any or all of its Commitment or Loans to a Person other than an Affiliate of such Lender shall pay to the Agent a service fee in the amount of $3,500 for each assignment. In the case
of a participation, the participant shall only have the rights specified in Section 8.2.3 [Set-off] (the participant’s rights against such Lender in respect of such participation to be those set forth in the agreement executed by such
Lender in favor of the participant relating thereto and not to include any voting rights except with respect to changes of the type referenced in Sections 10.1.1 [Increase of Commitment, Etc.], 10.1.2 [Extension of Payment, Etc.], or 10.1.3
[Release of Collateral or Guarantor]), all of such Lender’s obligations under this Agreement or any other Loan Document shall remain unchanged, and all amounts payable by any Loan Party hereunder or thereunder shall be determined as if such
Lender had not sold such participation. 
 (ii) Any assignee or participant which is not incorporated under the Laws of the
United States of America or a state thereof shall deliver to the Borrower and the Agent the form of certificate described in Section 10.17.1 [Tax Withholding Clause] relating to federal income tax withholding. Each Lender may furnish any
publicly available information concerning any Loan Party or its Subsidiaries and any other information concerning any Loan Party or its Subsidiaries in the possession of such Lender from time to time to assignees and participants (including
prospective assignees or participants); provided, that such assignees and participants agree to be bound by the provisions of Section 10.12 [Confidentiality]. 

(iii) Notwithstanding any other provision in this Agreement, any Lender may at any time pledge or grant a security interest in all or
any portion of its rights under this Agreement, its Note and the other Loan Documents to any Federal Reserve Bank in accordance with Regulation A of the FRB or U.S. Treasury Regulation 31 CFR Section 203.14 without notice to or consent of the
Borrower or the Agent. No such pledge or grant of a security 
  

 100 

 
interest shall release the transferor Lender of its obligations hereunder or under any other Loan Document. 

10.12 Confidentiality. 

10.12.1 General. 

The Agent and the Lenders each agree to keep confidential all information obtained from any Loan Party or its Subsidiaries which is
nonpublic and confidential or proprietary in nature (including any information the Borrower specifically designates as confidential), except as provided below, and to use such information only in connection with their respective capacities under
this Agreement and the other Loan Documents and for the purposes contemplated hereby. The Agent and the Lenders shall be permitted to disclose such information (i) to outside legal counsel, agents, accountants and other professional advisors
who need to know such information subject to agreement of such Persons to maintain the confidentiality, (ii) to assignees and participants as contemplated by Section 10.11, and prospective assignees and participants subject to the
recipients’ agreement to maintain the confidentiality, (iii) to any other party to this Agreement, (iv) to the extent requested by any bank regulatory authority or self-regulatory authority, with notice to the Borrower, as otherwise
required by applicable Law or by any subpoena or similar legal process, or in connection with any investigation or proceeding arising out of the transactions contemplated by this Agreement, (v) if it becomes publicly available other than as a
result of a breach of this Agreement or becomes available from a source not subject to confidentiality restrictions or (vi) if the Borrower shall have consented in writing to such disclosure. 

10.12.2 Sharing Information With Affiliates of the Lenders. 

Each Loan Party acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided
to the Borrower or one or more of its Affiliates (in connection with this Agreement or otherwise) by any Lender or by one or more Subsidiaries or Affiliates of such Lender and each of the Loan Parties hereby authorizes each Lender to share any
information delivered to such Lender by such Loan Party and its Subsidiaries pursuant to this Agreement, or in connection with the decision of such Lender to enter into this Agreement, to any such Subsidiary or Affiliate of such Lender (including,
without limitation, to any directors, officers, employees and agents of such Subsidiary or Affiliate of such Lender), it being understood that any such Subsidiary or Affiliate of any Lender receiving such information shall be bound by the provisions
of Section 10.12.1 as if it were a Lender hereunder. Such Authorization shall survive the repayment of the Loans and other Obligations and the termination of the Commitments. 

10.13 Counterparts. 

This Agreement may be executed by different parties hereto on any number of separate counterparts, each of which, when so executed and
delivered, shall be an original, and all such counterparts shall together constitute one and the same instrument. 
  

 101 

 10.14 Agent’s or Lender’s Consent. 

Whenever the Agent’s or any Lender’s consent is required to be obtained under this Agreement or any of the other Loan Documents
as a condition to any action, inaction, condition or event, the Agent and each Lender shall be authorized to give or withhold such consent in its sole and absolute discretion and to condition its consent upon the giving of additional collateral, the
payment of money or any other matter. 
 10.15 Exceptions. 

The representations, warranties and covenants contained herein shall be independent of each other, and no exception to any
representation, warranty or covenant shall be deemed to be an exception to any other representation, warranty or covenant contained herein unless expressly provided, nor shall any such exceptions be deemed to permit any action or omission that would
be in contravention of applicable Law. 
 10.16 CONSENT TO FORUM; WAIVER OF JURY TRIAL. 

EACH LOAN PARTY HEREBY IRREVOCABLY CONSENTS TO THE NONEXCLUSIVE JURISDICTION OF THE COURT OF COMMON PLEAS OF ALLEGHENY COUNTY AND THE
UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF PENNSYLVANIA, AND WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS UPON IT AND CONSENTS THAT ALL SUCH SERVICE OF PROCESS BE MADE BY CERTIFIED OR REGISTERED MAIL DIRECTED TO SUCH LOAN PARTY AT
THE ADDRESSES PROVIDED FOR IN SECTION 10.6 AND SERVICE SO MADE SHALL BE DEEMED TO BE COMPLETED UPON ACTUAL RECEIPT THEREOF. EACH LOAN PARTY WAIVES ANY OBJECTION TO JURISDICTION AND VENUE OF ANY ACTION INSTITUTED AGAINST IT AS PROVIDED HEREIN
AND AGREES NOT TO ASSERT ANY DEFENSE BASED ON LACK OF JURISDICTION OR VENUE. EACH LOAN PARTY, THE AGENT AND THE LENDERS HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, SUIT, PROCEEDING OR COUNTERCLAIM OF ANY KIND ARISING OUT OF OR RELATED TO THIS
AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE COLLATERAL TO THE FULL EXTENT PERMITTED BY LAW. 
 10.17 Certifications From
Lenders and Participants 
 10.17.1 Tax Withholding. 

Each Lender or assignee or participant of a Lender that is not incorporated under the Laws of the United States of America or a state
thereof (and, upon the written request of the Agent, each other Lender or assignee or participant of a Lender) agrees that it will deliver to each of the Borrower and the Agent two (2) duly completed appropriate valid Withholding Certificates
(as defined under § 1.1441-1(c)(16) of the Income Tax Regulations (the “Regulations”)) certifying its status (i.e. U.S. or foreign person) and, if appropriate, making a claim of reduced, or exemption from, U.S. withholding tax on the
basis of an income tax treaty or an exemption 
  

 102 

 
provided by the Internal Revenue Code. The term “Withholding Certificate” means a Form W-9; a Form W-8BEN; a Form W-8ECI; a Form W-8IMY and the related statements and certifications as
required under § 1.1441-1(e)(2) and/or (3) of the Regulations; a statement described in § 1.871-14(c)(2)(v) of the Regulations or any other certificates under the Internal Revenue Code or Regulations that certify or establish the
status of a payee or beneficial owner as a U.S. or foreign person. Each Lender, assignee or participant required to deliver to the Borrower and the Agent a Withholding Certificate pursuant to the preceding sentence shall deliver such valid
Withholding Certificate as follows: (i) each Lender which is a party hereto on the Closing Date shall deliver such valid Withholding Certificate at least five (5) Business Days prior to the first date on which any interest or fees are
payable by the Borrower hereunder for the account of such Lender and (ii) each assignee or participant shall deliver such valid Withholding Certificate at least five (5) Business Days before the effective date of such assignment or
participation (unless the Agent in its sole discretion shall permit such assignee or participant to deliver such valid Withholding Certificate less than five (5) Business Days before such date in which case it shall be due on the date specified
by the Agent). Each Lender, assignee or participant which so delivers a valid Withholding Certificate further undertakes to deliver to each of the Borrower and the Agent two (2) additional copies of such Withholding Certificate (or a successor
form) on or before the date that such Withholding Certificate expires or becomes obsolete or after the occurrence of any event requiring a change in the most recent Withholding Certificate so delivered by it, and such amendments thereto or
extensions or renewals thereof as may be reasonably requested by the Borrower or the Agent. Notwithstanding the submission of a Withholding Certificate claiming a reduced rate of or exemption from U.S. withholding tax, the Agent shall be entitled to
withhold United States federal income taxes at the full 30% withholding rate if in its reasonable judgment it is required to do so under the due diligence requirements imposed upon a withholding agent under § 1.1441-7(b) of the Regulations.
Further, the Agent is indemnified under § 1.1461-1(e) of the Regulations against any claims and demands of any Lender or assignee or participant of a Lender for the amount of any tax it deducts and withholds in accordance with regulations under
§ 1441 of the Internal Revenue Code. 
 10.17.2 USA Patriot Act. 

Each Lender or assignee or participant of a Lender that is not incorporated under the Laws of the United States of America or a state
thereof (and is not excepted from the certification requirement contained in Section 313 of the USA Patriot Act and the applicable regulations because it is both (i) an affiliate of a depository institution or foreign bank that
maintains a physical presence in the United states or foreign county and (ii) subject to supervision by a banking authority regulating such affiliated depository institution or foreign bank) shall deliver to the Agent the certification, or, if
applicable, recertification, certifying that such Lender is not a “shell” and certifying to other matters as required by Section 313 of the USA Patriot Act and the applicable regulations: (1) within 10 days after the Closing Date
and (2) as such other times as are required under the USA Patriot Act. 
 10.18 Joinder of Guarantors. 

Any Restricted Subsidiary of the Borrower which is required to join this Agreement as a Guarantor pursuant to Section 7.2.9
[Subsidiaries, Partnerships and Joint 
  

 103 

 
Ventures] shall execute and deliver to the Agent within thirty days after the date on which it becomes a Restricted Subsidiary of the Borrower (whether by its creation or acquisition) by Loan
Parties (i) a Guarantor Joinder in substantially the form attached hereto as Exhibit 1.1(G)(1), pursuant to which it shall join as a Guarantor each of the documents to which the Guarantors are parties; (ii) documents in the forms
described in Section 6.1 [First Loans] modified as appropriate to relate to such Restricted Subsidiary and (iii) documents as required by Section 7.1.13 to grant and perfect Prior Security Interests to the Agent for the benefit of the
Secured Parties in all Collateral held by such Restricted Subsidiary (other than Excluded Property). 
 10.19 Limitation on
Recourse to General Partner. 
 Except as set forth below, the Agent and the Lenders shall not look to the General Partner
for the payment of the Obligations and the performance of the Loan Parties’ (or the Parent’s) other obligations hereunder and under the other Loan Documents; provided, however, that the Agent and the Lenders shall have the
right to look to the General Partner on a joint and several basis for, and the General Partner on a joint and several basis shall indemnify, and hold harmless, the Agent and the Lenders from, any loss, damage, liability, claim, cost or expense
(including reasonable attorneys’ fees) that the Agent or any Lender may incur as a result of and to the extent caused by any misappropriation of assets, rights, rents, profits, issues, income or other properties or revenues of the Parent, the
Borrower or any of its Subsidiaries by the General Partner. 
  

 104 

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

IN WITNESS WHEREOF, the parties hereto, by their officers thereunto duly authorized, have executed this Agreement as of the day and year
first above written. 
  

			
	BORROWER
	
	PVR FINCO LLC
		
	 By:
	 	 /s/ Bruce D. Davis, Jr.

	 Name:
	 	Bruce D. Davis, Jr.
	 Title:
	 	Executive Vice President

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

							
	GUARANTORS:
	
	 CONNECT ENERGY SERVICES, LLC

	 CONNECT GAS GATHERING, LLC

	 CONNECT GAS PIPELINE LLC

	 CONNECT NGL PIPELINE, LLC

	 DULCET ACQUISITION LLC

	 FIELDCREST RESOURCES LLC

	 K RAIL LLC

	 KANAWHA RAIL LLC

	 LOADOUT LLC

	 PENN VIRGINIA OPERATING CO., LLC

	 PVR CHEROKEE GAS PROCESSING LLC

	 PVR EAST TEXAS GAS PROCESSING, LLC

	 PVR GAS PIPELINE, LLC

	 PVR GAS PROCESSING LLC

	 PVR GAS RESOURCES, LLC

	 PVR HAMLIN, LLC

	 PVR HYDROCARBONS LLC

	 PVR LAVERNE GAS PROCESSING, LLC

	 PVR MARCELLUS GAS GATHERING, LLC

	 PVR MIDSTREAM LLC

	 PVR NATURAL GAS GATHERING LLC

	 PVR NORTH TEXAS GAS GATHERING, LLC

	 PVR OKLAHOMA NATURAL GAS GATHERING LLC

	SUNCREST RESOURCES LLC
	TONEY FORK LLC
		
	By:	 	 /s/ Bruce D. Davis, Jr.

	Name:	 	Bruce D. Davis, Jr.
	Title:	 	Executive Vice President
	
	PENN VIRGINIA RESOURCE PARTNERS, L.P.
		
	By:	 	Penn Virginia Resource GP, LLC, its sole general partner
				
		 	By:	 		 	 /s/ Bruce D. Davis, Jr.

		 		 	Name:	 	Bruce D. Davis, Jr.
		 		 	Title:	 	Executive Vice President

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	 PNC BANK, NATIONAL ASSOCIATION,

individually and as Agent

		
	By:	 	 /s/ Holly Kay

	Name:	 	Holly Kay
	Title:	 	Vice President

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	LENDERS:
	
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Adam H. Fey

	Name:	 	Adam H. Fey
	Title:	 	Vice President

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	BANK OF OKLAHOMA, N.A.
		
	By:	 	 /s/ Jason B. Webb

	Name:	 	Jason B. Webb
	Title:	 	Vice President

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	BARCLAYS BANK PLC
		
	By:	 	 /s/ Ann E. Sutton

	Name:	 	Ann E. Sutton
	Title:	 	Director

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	BNP PARIBAS
		
	By:	 	 /s/ Larry Robinson

	Name:	 	Larry Robinson
	Title:	 	Director
		
	By:	 	 /s/ Mark A. Cox

	Name:	 	Mark A. Cox
	Title:	 	Managing Director

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	BRANCH BANKING AND TRUST COMPANY
		
	By:	 	 /s/ Hugh Ferguson

	Name:	 	Hugh Ferguson
	Title:	 	Senior Vice President

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	CAPITAL ONE, N.A
		
	By:	 	 /s/ Matthew Molero

	Name:	 	Matthew Molero
	Title:	 	Vice President

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	CITIBANK N.A.
		
	By:	 	 /s/ Todd Mogil

	Name:	 	Todd Mogil
	Title:	 	Vice President

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	COMERICA BANK
		
	By:	 	 /s/ John S. Lesikar

	Name:	 	John S. Lesikar
	Title:	 	Corporate Banking Officer

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	 DEUTSCHE BANK TRUST COMPANY AMERICAS

		
	By:	 	 /s/ Evelyn Thierry

	Name:	 	Evelyn Thierry
	Title:	 	Director
		
	By:	 	 /s/ Paul O’Leary

	Name:	 	Paul O’Leary
	Title:	 	Director

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	 /s/ Stephanie Balette

	Name:	 	Stephanie Balette
	Title:	 	Vice President

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	RBC BANK (USA)
		
	By:	 	 /s/ Richard Marshall

	Name:	 	Richard Marshall
	Title:	 	Market Executive – National Division

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	ROYAL BANK OF CANADA
		
	 By:
	 	 /s/ Don J. McKinnerney

	 Name:
	 	Don J. McKinnerney
	 Title:
	 	Authorized Signatory

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	SOCIÉTÉ GÉNÉRALE
		
	By:	 	 /s/ Anson Williams

	Name:	 	Anson Williams
	Title:	 	Director

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	SUNTRUST BANK
		
	By:	 	 /s/ Peter Panos

	Name:	 	Peter Panos
	Title:	 	Director

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	TD BANK, N.A.
		
	By:	 	 /s/ Mario da Ponte

	Name:	 	Mario da Ponte
	Title:	 	Senior Vice President

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	UBS LOAN FINANCE LLC
		
	By:	 	 /s/ Mary E. Evans

	Name:	 	Mary E. Evans
	Title:	 	Associate Director
		
	By:	 	 /s/ April Varner-Nanton

	Name:	 	April Varner-Nanton
	Title:	 	Director

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	UNION BANK
		
	By:	 	 /s/ Richard G. Reeves

	Name:	 	Richard G. Reeves
	Title:	 	Vice President – Mining & Minerals

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Tyler Fauerbach

	Name:	 	Tyler Fauerbach
	Title:	 	Vice President

 [SIGNATURE PAGE - AMENDED AND RESTATED CREDIT AGREEMENT] 

 

			
	WELLS FARGO BANK, N.A.
		
	By:	 	 /s/ Jonathan R. Richardson

	Name:	 	Jonathan R. Richardson
	Title:	 	Senior Vice President

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