Document:

Credit Agreement, dated May 11, 2012

 Exhibit 4.1 
 EXECUTION COPY 
  

 
  

CREDIT AGREEMENT 

among 

CHESAPEAKE ENERGY CORPORATION, 
 as Borrower, 
 GOLDMAN SACHS BANK USA, 

as Administrative Agent, 
 JEFFERIES FINANCE LLC, 
 as Syndication Agent 

and 
 The Several
Lenders from Time to Time Parties Hereto, 
 Dated as of May 11, 2012 

 
  

GOLDMAN SACHS BANK USA 
 and 
 JEFFERIES FINANCE LLC 

as Joint Lead Arrangers and Joint Bookrunners 
  

 
  

[CS&M Ref. No. 8151-136] 
 [Credit Agreement] 

 TABLE OF CONTENTS 

 

							
	ARTICLE 1.	  			
	 DEFINITIONS
	  	 	1	  
			
	 Section 1.1.
	 	 Defined Terms
	  	 	1	  
	 Section 1.2.
	 	 Other Definitional Provisions
	  	 	21	  
		
	ARTICLE 2.	  			
	 AMOUNT AND TERMS OF LOANS
	  	 	22	  
			
	 Section 2.1.
	 	 Term Loans.
	  	 	22	  
	 Section 2.2.
	 	 Procedure for Borrowing
	  	 	22	  
	 Section 2.3.
	 	 Exchange Notes Option.
	  	 	22	  
	 Section 2.4.
	 	 Exchange Notes Issuance.
	  	 	24	  
		
	ARTICLE 3.	  			
	 GENERAL PROVISIONS APPLICABLE TO LOANS
	  	 	25	  
			
	 Section 3.1.
	 	 Optional Prepayments
	  	 	25	  
	 Section 3.2.
	 	 [reserved]
	  			
	 Section 3.3.
	 	 Conversion and Continuation Options
	  	 	25	  
	 Section 3.4.
	 	 Limitations on Eurodollar Tranches
	  	 	26	  
	 Section 3.5.
	 	 Interest Rates and Payment Dates
	  	 	26	  
	 Section 3.6.
	 	 Computation of Interest and Fees
	  	 	26	  
	 Section 3.7.
	 	 Inability to Determine Interest Rate
	  	 	27	  
	 Section 3.8.
	 	 Pro Rata Treatment and Payments.
	  	 	27	  
	 Section 3.9.
	 	 Requirements of Law
	  	 	29	  
	 Section 3.10.
	 	 Taxes
	  	 	31	  
	 Section 3.11.
	 	 Indemnity
	  	 	33	  
	 Section 3.12.
	 	 Change of Lending Office
	  	 	33	  
	 Section 3.13.
	 	 Replacement of Lenders
	  	 	33	  
	 Section 3.14.
	 	 Evidence of Debt
	  	 	34	  
	 Section 3.15.
	 	 Illegality
	  	 	34	  
	 Section 3.16.
	 	 Sharing of Payments by Lenders
	  	 	35	  
		
	ARTICLE 4.	  			
	 REPRESENTATIONS AND WARRANTIES
	  	 	35	  
			
	 Section 4.1.
	 	 Financial Condition
	  	 	35	  
	 Section 4.2.
	 	 No Change
	  	 	36	  
	 Section 4.3.
	 	 Existence; Compliance with Law
	  	 	36	  
	 Section 4.4.
	 	 Power; Authorization; Enforceable Obligations
	  	 	36	  
	 Section 4.5.
	 	 No Legal Bar
	  	 	37	  
	 Section 4.6.
	 	 Litigation
	  	 	37	  
	 Section 4.7.
	 	 No Default
	  	 	37	  

  
 [Credit
Agreement] 
 i 

							
	 Section 4.8.
	 	 Ownership of Property; Liens
	  	 	37	  
	 Section 4.9.
	 	 Intellectual Property
	  	 	37	  
	 Section 4.10.
	 	 Taxes
	  	 	38	  
	 Section 4.11.
	 	 Federal Regulations
	  	 	38	  
	 Section 4.12.
	 	 Labor Matters
	  	 	38	  
	 Section 4.13.
	 	 ERISA
	  	 	38	  
	 Section 4.14.
	 	 Investment Company Act; Other Regulations
	  	 	38	  
	 Section 4.15.
	 	 Subsidiaries
	  	 	39	  
	 Section 4.16.
	 	 Use of Proceeds
	  	 	39	  
	 Section 4.17.
	 	 Environmental Matters
	  	 	39	  
	 Section 4.18.
	 	 Accuracy of Information, etc
	  	 	40	  
	 Section 4.19.
	 	 Solvency
	  	 	40	  
	 Section 4.20.
	 	 Guarantors; Immaterial Subsidiaries
	  	 	40	  
		
	ARTICLE 5.	  			
	 CONDITIONS PRECEDENT
	  	 	40	  
			
	 Section 5.1.
	 	 Conditions Precedent
	  	 	40	  
		
	ARTICLE 6.	  			
	 AFFIRMATIVE COVENANTS
	  	 	42	  
			
	 Section 6.1.
	 	 Financial Statements
	  	 	42	  
	 Section 6.2.
	 	 Certificates; Other Information
	  	 	43	  
	 Section 6.3.
	 	 Payment of Obligations
	  	 	44	  
	 Section 6.4.
	 	 Maintenance of Existence; Compliance
	  	 	44	  
	 Section 6.5.
	 	 Maintenance of Property; Insurance
	  	 	44	  
	 Section 6.6.
	 	 Inspection of Property; Books and Records; Discussions
	  	 	45	  
	 Section 6.7.
	 	 Notices
	  	 	45	  
	 Section 6.8.
	 	 Environmental Laws
	  	 	46	  
	 Section 6.9.
	 	 Guarantees.
	  	 	46	  
	 Section 6.10.
	 	 Designation and Conversion of Unrestricted Subsidiaries
	  	 	46	  
	 Section 6.11.
	 	 Application of Financing Proceeds and Net Cash Proceeds
	  	 	47	  
	 Section 6.12.
	 	 Cooperation.
	  	 	49	  
		
	ARTICLE 7.	  			
	 NEGATIVE COVENANTS
	  	 	49	  
			
	 Section 7.1.
	 	 [reserved]
	  	 	49	  
	 Section 7.2.
	 	 Indebtedness
	  	 	49	  
	 Section 7.3.
	 	 Liens
	  	 	51	  
	 Section 7.4.
	 	 Fundamental Changes
	  	 	53	  
	 Section 7.5.
	 	 Changes in Fiscal Periods
	  	 	53	  
	 Section 7.6.
	 	 Restricted Payments
	  	 	53	  
	 Section 7.7.
	 	 Investments
	  	 	54	  
	 Section 7.8.
	 	 Optional Payments and Modifications of Certain Debt Instruments
	  	 	54	  

  
 [Credit
Agreement] 
 ii 

							
	 Section 7.9.
	 	 Transactions with Affiliates
	  	 	55	  
	 Section 7.10.
	 	 Negative Pledge Clauses
	  	 	55	  
	 Section 7.11.
	 	 Clauses Restricting Group Member Distributions
	  	 	55	  
	 Section 7.12.
	 	 Lines of Business
	  	 	56	  
		
	ARTICLE 8.	  			
	 EVENTS OF DEFAULT
	  	 	56	  
		
	ARTICLE 9.	  			
	 THE ADMINISTRATIVE AGENT
	  	 	58	  
			
	 Section 9.1.
	 	 Appointment and Authority
	  	 	58	  
	 Section 9.2.
	 	 Rights as a Lender
	  	 	59	  
	 Section 9.3.
	 	 Exculpatory Provisions
	  	 	59	  
	 Section 9.4.
	 	 Reliance by Administrative Agent
	  	 	60	  
	 Section 9.5.
	 	 Delegation of Duties
	  	 	60	  
	 Section 9.6.
	 	 Resignation of Administrative Agent
	  	 	60	  
	 Section 9.7.
	 	 Non-Reliance on Administrative Agent and Other Lenders
	  	 	61	  
	 Section 9.8.
	 	 No Other Duties, Etc
	  	 	61	  
	 Section 9.9.
	 	 Administrative Agent May File Proofs of Claim
	  	 	61	  
		
	ARTICLE 10.	  			
	 MISCELLANEOUS
	  	 	62	  
			
	 Section 10.1.
	 	 Amendments and Waivers
	  	 	62	  
	 Section 10.2.
	 	 Notices; Effectiveness; Electronic Communication
	  	 	64	  
	 Section 10.3.
	 	 No Waiver; Cumulative Remedies
	  	 	65	  
	 Section 10.4.
	 	 Survival of Representations and Warranties
	  	 	66	  
	 Section 10.5.
	 	 Expenses; Indemnification; Damage Waiver
	  	 	66	  
	 Section 10.6.
	 	 Successors and Assigns; Participations and Assignments
	  	 	67	  
	 Section 10.7.
	 	 Set-off
	  	 	70	  
	 Section 10.8.
	 	 Counterparts
	  	 	71	  
	 Section 10.9.
	 	 Severability
	  	 	71	  
	 Section 10.10.
	 	 Integration
	  	 	71	  
	 Section 10.11.
	 	 GOVERNING LAW
	  	 	71	  
	 Section 10.12.
	 	 Submission To Jurisdiction; Waivers
	  	 	71	  
	 Section 10.13.
	 	 Acknowledgments
	  	 	72	  
	 Section 10.14.
	 	 Releases of Guarantees; Designation of Subsidiaries
	  	 	73	  
	 Section 10.15.
	 	 Confidentiality
	  	 	73	  
	 Section 10.16.
	 	 WAIVERS OF JURY TRIAL
	  	 	74	  
	 Section 10.17.
	 	 Limitation on Interest
	  	 	74	  
	 Section 10.18.
	 	 Lender Obligations Several.
	  	 	75	  
	 Section 10.19.
	 	 USA Patriot Act Notice
	  	 	75	  

  
 [Credit
Agreement] 
 iii 

 SCHEDULES: 
  

			
	1.1	  	Commitments
	4.1	  	Financial Condition
	4.4	  	Pre-Closing Consents, Authorizations, Filings and Notices
	4.6	  	Litigation
	4.15(a)	  	Subsidiaries
	4.15(b)	  	Outstanding Subscriptions, Options, Warrants, Calls, Rights etc. Relating to Capital Stock of the Borrower or any Group Member
	4.17(d)	  	Environmental Matters
	4.17(f)	  	Non-Compliance with Environmental Laws
	6.10	  	Unrestricted Subsidiaries
	7.2(d)	  	Existing Indebtedness
	7.3(f)	  	Existing Liens
	10.2	  	Notices

 EXHIBITS: 
  

			
	A	  	Form of Guarantee Agreement
	B	  	Form of Compliance Certificate
	C	  	Form of Closing Certificate
	D-1	  	Form of Master Note
	D-2	  	Form of Lender Note
	E	  	Form of Assignment and Assumption
	F	  	Form of Exemption Certificate

  
 [Credit
Agreement] 
 iv 

 CREDIT AGREEMENT, dated as of May 11, 2012, among CHESAPEAKE ENERGY CORPORATION, an
Oklahoma corporation (the “Borrower”), GOLDMAN SACHS BANK USA, as Administrative Agent , JEFFERIES FINANCE LLC, as Syndication Agent, and the several banks and other financial institutions or entities from time to time parties to
this Agreement (the “Lenders”). 
 W I T N E S S E
T H: 
 The Lenders have agreed, on the terms and subject to the conditions set forth herein, to make term loans
to the Borrower in an aggregate principal amount of $3,000,000,000. 
 NOW, THEREFORE, in consideration of the premises and the
agreements, provisions and covenants herein contained, the parties hereto agree as follows: 
 ARTICLE 1. 

DEFINITIONS 

Section 1.1. Defined Terms. As used in this Agreement, the terms listed in this Section 1.1 shall have the
respective meanings set forth in this Section 1.1. 
 “Administrative Agent”: Goldman Sachs Bank
USA, as administrative agent, or any successor in such capacity. 
 “Administrative Agent Parties”: as defined
in Section 10.2(c). 
 “Administrative Questionnaire”: a questionnaire in a form supplied by the
Administrative Agent. 
 “Affiliate”: with respect to any Person, another Person that directly, or indirectly
through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Agent Bank”: each of the Administrative Agent and the Syndication Agent. 

“Aggregate Exposure”: with respect to any Lender at any time (a) prior to the making of the Loans, the amount of
such Lender’s Commitment then in effect and (b) after the making of the Loans, the amount of such Lender’s Loans then outstanding. 
 “Aggregate Exposure Percentage”: with respect to any Lender at any time, the ratio (expressed as a percentage carried out to the tenth decimal place) of such Lender’s Aggregate
Exposure at such time to the Aggregate Exposures of all Lenders at such time. 
 “Agreement”: this Credit
Agreement, as amended, supplemented or otherwise modified from time to time. 
 “Applicable Margin”: initially,
for Eurodollar Loans, 7.00% per annum, and for Base Rate Loans, 6.00% per annum. If at any time prior to January 1, 2013, any Net Cash Proceeds subject to the requirements of Section 6.11 are received by the Borrower or
any 

  
 [Credit
Agreement] 

 
Subsidiary and not applied pursuant to Section 6.11 to prepay Loans within five Business Days after receipt, the “Applicable Margin” shall, commencing on the next
succeeding Business Day thereafter, be for Eurodollar Loans, 8.00% per annum, and for Base Rate Loans, 7.00% per annum. If any Loan remains outstanding on January 1, 2013, the “Applicable Margin” shall, commencing on
such date, be for Eurodollar Loans, 10.00% per annum, and for Base Rate Loans, 9.00% per annum. 
 “Approved
Fund”: any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Arranger”: each of Goldman Sachs Bank USA and Jefferies Finance LLC. 

“Arranger Letters”: each of the Fee Letter and the Facility Engagement Letter entered into on or about the date hereof
between the Borrower and the Arrangers. 
 “Assignment and Assumption”: means an assignment and assumption
entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.6(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit E or any other form
approved by the Administrative Agent. 
 “Base Rate”: for any day, a rate per annum (rounded upwards, if
necessary, to the next 1/16 of 1%) equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 0.50% per annum and (c) the Eurodollar Rate that would be
applicable to a Eurodollar Loan with an Interest Period of one month commencing on such day plus 1% per annum; provided that, notwithstanding the foregoing, the Base Rate shall at no time be less than 2.50% per annum. For purposes hereof:
“Prime Rate” shall mean the rate of interest quoted in the print edition of The Wall Street Journal, Money Rates Section as the Prime Rate (currently defined as the base rate on corporate loans posted by at least 75% of the
nation’s 30 largest banks), as in effect from time to time. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. Any Agent Bank and any Lender may make commercial loans
or other loans at rates of interest at, above or below the Prime Rate. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective as of the opening of business on the effective day of such
change in the Prime Rate or the Federal Funds Effective Rate, respectively. 
 “Base Rate Loans”: Loans the
rate of interest applicable to which is based upon the Base Rate. 
 “Board”: the Board of Governors of the
Federal Reserve System of the United States (or any successor). 
 “Borrower”: as defined in the preamble to
this Agreement. 
 “Borrower Materials”: as defined in Section 6.2. 

“Business”: as defined in Section 4.17(b). 

  
 [Credit
Agreement] 
 2 

 “Business Day”: a day other than a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to close, provided, that with respect to notices and determinations in connection with, and payments of principal and interest on, Eurodollar Loans, such day is also a day
for trading by and between banks in Dollar deposits in the interbank eurodollar market. 
 “Capital Lease
Obligations”: as to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are
required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time
determined in accordance with GAAP. 
 “Capital Stock”: any and all shares, interests, participations or other
equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the foregoing, including, without
limitation, any preferred stock. 
 “Cash Equivalents”: means the following kinds of instruments if, in the
case of instruments referred to in clauses (i)-(iv) below, on the date of purchase or other acquisition of any such instrument by any Group Member, the remaining term to maturity is not more than one year; (i) readily marketable
obligations issued or unconditionally guaranteed as to principal of and interest thereon by the United States of America or by any agency or authority controlled or supervised by and acting as an instrumentality of the United States of America;
(ii) repurchase obligations for instruments of the type described in clause (i) for which delivery of the instrument is made against payment; (iii) obligations (including, but not limited to, demand or time deposits, bankers’
acceptances and certificates of deposit) issued by a depositary institution or trust company incorporated or doing business under the laws of the United States of America, any state thereof or the District of Columbia or a branch or subsidiary of
any such depositary institution or trust company operating outside the United States, provided, that such depositary institution or trust company has, at the time of such Group Member’s investment therein or contractual commitment providing for
such investment, capital surplus or undivided profits (as of the date of such institution’s most recently published financial statements) in excess of $500,000,000; (iv) commercial paper issued by any corporation, if such commercial paper
has, at the time of the Group Member’s investment therein or contractual commitment providing for such investment, credit ratings of A-1 (or higher) by S&P and P-1 (or higher) by Moody’s; and (v) money market mutual or similar
funds having assets in excess of $500,000,000. 
 “Closing Date”: the date on which the conditions precedent
set forth in Section 5.1 shall have been satisfied. 
 “Code”: the Internal Revenue Code of 1986,
as amended from time to time. 
 “Commitment”: as to any Lender, the obligation of such Lender, if any, to make
Loans in an aggregate principal amount not to exceed the amount set forth under the heading “Commitment” opposite such Lender’s name on Schedule 1.1 or in the Assignment and Assumption pursuant to which such Lender became a
party hereto, as the same may be changed from time to time pursuant to the terms hereof. The aggregate principal amount of the Commitments as of the date hereof is $3,000,000,000. 

  
 [Credit
Agreement] 
 3 

 “Commonly Controlled Entity”: an entity, whether or not incorporated, that
is under common control with the Borrower within the meaning of Section 4001 of ERISA or is part of a group that includes the Borrower and that is treated as a single employer under Section 414 of the Code. 

“Compliance Certificate”: a certificate duly executed by a Responsible Officer substantially in the form of Exhibit
B. 
 “Continuing Directors”: the directors of the Borrower on the date hereof and each other director, if,
in each case, such other director’s nomination for election to the board of directors of the Borrower is recommended by at least 66-2/3% of the then Continuing Directors. 
 “Contractual Obligation”: as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by
which it or any of its property is bound. 
 “Control”: the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling,” “Controls” and “Controlled”
have meanings correlative thereto. 
 “Conversion Date”: the first anniversary of the Closing Date. 

“Debtor Relief Law”: the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy,
assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights
of creditors generally. 
 “Default”: any of the events specified in Article 8, whether or not any
requirement for the giving of notice, the lapse of time, or both, has been satisfied. 
 “Defaulting Lender”:
any Lender as to which the Administrative Agent has received notification that such Lender, has, or has a direct or indirect parent company of such Lender that has, (i) become the subject of a proceeding under any Debtor Relief Law,
(ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, or (iii) taken any action in
furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that
Lender or any direct or indirect parent company thereof by a Governmental Authority. 
 “Derivatives
Counterparty”: as defined in Section 7.6. 

  
 [Credit
Agreement] 
 4 

 “Disposition”: with respect to any Property, any sale, lease, sale and
leaseback, assignment, conveyance, transfer or other disposition thereof. The terms “Dispose” and “Disposed of” shall have correlative meanings. 

“Dollars” and “$”: dollars in lawful currency of the United States. 

“Eligible Assignee”: (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and (d) any
other Person (other than a natural person) approved by (i) the Administrative Agent and (ii) in the case of any assignment of a Commitment (other than by or to an Arranger or an Affiliate of an Arranger), the Borrower (each such approval
not to be unreasonably withheld or delayed, and the Borrower’s approval to be deemed to have been received unless the Borrower shall have objected by written notice to the Administrative Agent within 5 Business Days of any request for such
approval); provided that notwithstanding the foregoing, “Eligible Assignee” shall not include the Borrower or any of the Borrower’s Affiliates or Subsidiaries. 

“Environmental Laws”: any and all foreign, Federal, state, local or municipal laws, rules, orders, regulations,
statutes, ordinances, codes, decrees, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating to or imposing liability or standards of conduct concerning protection of human health or the
environment, as now or may at any time hereafter be in effect. 
 “ERISA”: the Employee Retirement Income
Security Act of 1974, as amended from time to time. 
 “Eurocurrency Reserve Requirements”: for any day for any
Eurodollar Loan, the maximum rate, expressed as a decimal, at which reserves (including any basic, marginal, special, supplemental, emergency or other reserves) are required to be maintained by member banks of the United States Federal Reserve
System against “Eurocurrency liabilities” (as such term is defined in Regulation D) under regulations issued from time to time by the Board or other applicable banking regulator. Without limiting the effect of the foregoing, the
Eurocurrency Reserve Requirements shall reflect any other reserves required to be maintained by such member banks with respect to (a) any category of liabilities that includes deposits by reference to which the applicable Eurodollar Rate or any
other interest rate for a Loan is to be determined or (b) any category of extensions of credit or other assets that includes Eurodollar Loans. A Eurodollar Loan shall be deemed to constitute Eurocurrency liabilities and as such shall be deemed
subject to reserve requirements without benefit of credit for proration, exceptions or offsets that may be available from time to time to the applicable Lender. The rate of interest on Eurodollar Loans shall be adjusted automatically on and as of
the effective date of any change in the Eurocurrency Reserve Requirements . 
 “Eurodollar Base Rate”: with
respect to each day during each Interest Period pertaining to a Eurodollar Loan, the rate per annum equal to (i) the offered rate that appears on the page of the Reuters Screen that displays an average British Bankers Association Interest
Settlement Rate (such page currently being the LIBOR01 page) for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in Dollars, determined as of approximately 11:00 a.m. (London, England
time) two Business Days prior to the beginning of such Interest Period, or (ii) in the event the rate referred to in the preceding 

  
 [Credit
Agreement] 
 5 

 
clause (i) does not appear on such page or if the Reuters Screen shall cease to be available, the rate per annum determined by the Administrative Agent to be the offered rate on such other
page or other service that displays an average British Bankers Association Interest Settlement Rate for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in Dollars, determined as of
approximately 11:00 a.m. (London, England time), two Business Days prior to the beginning of such Interest Period, or (iii) in the event the rates referred to in the preceding clauses (i) and (ii) are not available, the rate per annum
equal to the offered rate quoted to first class banks in the London interbank market by JPMorgan Chase Bank, N.A., for deposits (for delivery on the first day of such Interest Period) in Dollars in same day funds of $5,000,000 with maturities
comparable to such Interest Period as of approximately 11:00 a.m. (London, England time), two Business Days prior to the beginning of such Interest Period. 
 “Eurodollar Loans”: Loans the rate of interest applicable to which is based upon the Eurodollar Rate. 

“Eurodollar Rate”: with respect to each day during each Interest Period pertaining to a Eurodollar
Loan, a rate per annum determined by the Administrative Agent for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): 
  

					
		 	 Eurodollar Base Rate
	 	
		 	1.00 - Eurocurrency Reserve Requirements	 	

 ; provided that, notwithstanding the foregoing, the Eurodollar Rate shall at no time be less than 1.50% per annum.

 “Eurodollar Tranche”: the collective reference to Eurodollar Loans the then current Interest Periods with
respect to all of which begin on the same date and end on the same later date (whether or not such Eurodollar Loans shall originally have been made on the same day). 
 “Event of Default”: any of the events specified in Article 8, provided that any requirement for the giving of notice, the lapse of time, or both, has been satisfied.

 “Exchange”: as defined in Section 2.3(a). 

“Exchange Act”: as defined in Section 8(j). 

“Exchange Date”: as defined in Section 2.3(c). 

“Exchange Notes”: the notes to be issued under the Exchange Notes Indenture in accordance with the provisions of this
Agreement and the Exchange Notes Indenture. 
 “Exchange Notes Documents” shall mean the Exchange Notes, the
Exchange Notes Indenture and any documents, supplements, instruments and agreements delivered in connection therewith. 

  
 [Credit
Agreement] 
 6 

 “Exchange Notes Indenture”: an indenture capable of being qualified under
the Trust Indenture Act of 1939, as amended, containing covenants and events of default (and related definitions) substantially the same as those in effect under this Agreement on the Conversion Date, bearing a fixed rate of interest of
11.50% per annum, payable semi-annually, containing substantially the same call protection as the Loans (in the form of a customary Treasury Rate plus 50 basis points bond makewhole rather than with reference to the Yield Maintenance Premium)
and otherwise having terms substantially similar to those contained in the Indenture dated as of August 2, 2010, as supplemented by that certain supplemental indenture dated February 11, 2011, among the Borrower, the subsidiary guarantors
and The Bank of New York Mellon Trust Company, N.A., as trustee, as such indenture may be amended and supplemented from time to time in accordance with the terms hereof and thereof. 

“Exchange Request”: as defined in Section 2.3(d). 

“Exploration”: Chesapeake Exploration, L.L.C., an Oklahoma limited liability company. 

“FATCA”: Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version
that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof. 
 “Federal Funds Effective Rate”: for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve
System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Effective Rate for
such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Effective
Rate for such day shall be the average rate charged to the Administrative Agent on such day on such transactions as shall be determined by the Administrative Agent. 
 “Financing Proceeds”: all the Net Cash Proceeds from the sale, issuance or incurrence of Indebtedness under any credit facility (other than, to the extent not in excess of the commitments
thereunder in effect on the date hereof, the Revolving Credit Agreement, the Midstream LLC Revolver or any other revolving credit facility of an Unrestricted Subsidiary), Preferred Stock or other debt or equity securities of the Borrower or any of
its Subsidiaries, in each case that shall result in Net Cash Proceeds in excess of $50,000,000. 
 “Funding
Office”: the office of the Administrative Agent specified in Section 10.2 or such other office as may be specified from time to time by the Administrative Agent as its funding office by written notice to the Borrower and the
Lenders. 
 “Fund”: any Person (other than a natural person) that is (or will be) engaged in making,
purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 

  
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 “GAAP”: generally accepted accounting principles in the United States as
in effect from time to time. In the event that any Accounting Change (as defined below) shall occur and such change results in a change in the method of calculation of financial covenants, standards or terms in this Agreement, then the Borrower and
the Administrative Agent agree to enter into negotiations in order to amend such provisions of this Agreement so as to equitably reflect such Accounting Changes with the desired result that the criteria for evaluating the Borrower’s financial
condition shall be the same after such Accounting Changes as if such Accounting Changes had not been made. Until such time as such an amendment shall have been executed and delivered by the Borrower, the Administrative Agent and the Majority
Lenders, all financial covenants, standards and terms in this Agreement shall continue to be calculated or construed as if such Accounting Changes had not occurred. “Accounting Changes” refers to changes in accounting principles
required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants or, if applicable, the SEC. 

“Governmental Authority”: any nation or government, any state or other political subdivision thereof, any agency,
authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, any securities exchange and any
self-regulatory organization (including the National Association of Insurance Commissioners). 
 “Granite Wash
Trust”: Chesapeake Granite Wash Trust, a statutory trust formed under the laws of the State of Delaware. 

“Granite Wash Trust Registration Statement”: that certain Form S-1 and Form S-3 Registration Statement filed by the
Granite Wash Trust and the Borrower with the SEC as Registration No. 333-175395, as amended. 
 “Group
Members”: collectively, the Borrower and each of its Subsidiaries other than the Unrestricted Subsidiaries. At any time when the Revolving Credit Agreement remains outstanding, any Subsidiary that is a “Group Member” under and as
defined in the Revolving Credit Agreement shall be a Group Member. 
 “Guarantee Agreement”: the Guarantee
Agreement to be executed and delivered by the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit A. 
 “Guarantee Obligation”: as to any Person (the “guaranteeing person”), any obligation, contingent or otherwise, of the guaranteeing person guaranteeing or having the
economic effect of guaranteeing any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other third Person (the “primary obligor”) in any manner, whether directly or indirectly,
including any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds (1) for the
purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase property,
securities or services primarily for the purpose of assuring the obligee of any such primary obligation of the ability of the primary obligor to make payment of such primary 

  
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obligation or (iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; provided, however, that the term Guarantee
Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to
the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such
Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing
person’s maximum reasonably anticipated liability in respect thereof as determined by the Borrower in good faith. 

“Guarantors”: the collective reference to the Subsidiary Guarantors. 

“Hedge Agreement”: any (a) agreement (including each confirmation entered into under a master agreement) providing
for options, swaps, floors, caps, collars, forward sales or forward purchases involving interest rates, commodities or commodity prices, equities (other than the Borrower’s own common or preferred stock), currencies, bonds, or indexes based on
any of the foregoing, (b) option, futures or forward contract traded on an exchange, and (c) other derivative agreement or other similar agreement or arrangement. 
 “Hedging Support Credit Facility”: an agreement governing and securing only Indebtedness in respect of certain of the Hedge Agreements permitted under Section 7.2(f).

 “Immaterial Subsidiary”: any Subsidiary of the Borrower that is not an Unrestricted Subsidiary and that as
of any applicable date of determination does not have (a) direct Indebtedness in the aggregate in excess of $10,000,000 nor (b) Guarantee Obligations in the aggregate in excess of $10,000,000 nor (c) assets or annual revenues of in
excess of $10,000,000. At any time when the Revolving Credit Agreement remains outstanding, no Subsidiary shall be an Immaterial Subsidiary unless it is also an “Immaterial Subsidiary” under and as defined in the Revolving Credit
Agreement. 
 “Indebtedness”: of any Person at any date, without duplication, (a) all indebtedness of such
Person for borrowed money, (b) all obligations of such Person for the deferred purchase price of property or services (other than current trade payables incurred in the ordinary course of such Person’s business and other obligations to the
extent such obligations may be satisfied at such Person’s sole discretion by the issuance of common stock of such Person), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all
indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default
are limited to repossession or sale of such property), (e) all Capital Lease Obligations of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party or applicant under or in respect of acceptances,
letters of credit, or similar arrangements, (g) all Guarantee Obligations of such Person in respect of obligations of the kind referred to in clauses (a) through (f) above, (h) all obligations of the kind referred to in clauses
(a) through (f) above secured by (or for which the holder of such obligation has an existing right, contingent or otherwise, to be secured by) any 

  
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Lien on property (including accounts and contract rights) owned by such Person, whether or not such Person has assumed or become liable for the payment of such obligation, (i) liabilities
with respect to payments received in consideration of oil, gas, or other minerals yet to be acquired or produced at the time of payment other than in respect of a Qualifying VPP (including obligations under “take-or-pay” contracts to
deliver gas in return for payments already received and the undischarged balance of any production payment (other than a Qualifying VPP) created by such Person or for the creation of which such Person directly or indirectly received payment), and
(j) for the purposes of Sections 7.2, 7.3 and 8(e) only, all obligations of such Person in respect of Hedge Agreements. Notwithstanding the foregoing, for purposes of Section 7.2, a Qualifying VPP shall not be
treated as Indebtedness. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such
Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness expressly provide that such Person is not liable therefor. 

“Indemnitee”: as defined in Section 10.5(b). 

“Indentures”: to the extent that the notes issued thereunder remain outstanding, each Indenture governing the Index
Debt issued prior to the date hereof or issued from time to time after the date hereof as permitted under Section 7.2. 
 “Index Debt”: the Borrower’s long-term, unsecured, senior, non-credit enhanced debt. 
 “Information”: as defined in Section 10.15. 

“Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of
Section 4245 of ERISA. 
 “Insolvent”: pertaining to a condition of Insolvency. 

“Intellectual Property”: the collective reference to all rights, priorities and privileges relating to intellectual
property, whether arising under United States, multinational or foreign laws or otherwise, including copyrights, copyright licenses, patents, patent licenses, trademarks, trademark licenses, technology, know-how and processes, and all rights to sue
at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 
 “Interest Payment Date”: (a) as to any Base Rate Loan, the last day of each March, June, September and December to occur while such Base Rate Loan is outstanding and the final
maturity date of such Base Rate Loan, (b) as to any Eurodollar Loan having an Interest Period of three months or less, the last day of such Interest Period, (c) as to any Eurodollar Loan having an Interest Period longer than three months,
each day that is three months, or a whole multiple thereof, after the first day of such Interest Period and the last day of such Interest Period and (d) as to any Eurodollar Loan, the date of any repayment or prepayment made in respect thereof.

  
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 “Interest Period”: as to any Eurodollar Loan, (a) initially, the
period commencing on the borrowing or conversion date, as the case may be, with respect to such Eurodollar Loan and ending one, two, three or six months thereafter, as selected by the Borrower in its notice of borrowing or notice of conversion, as
the case may be, given with respect thereto; and (b) thereafter, each period commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Loan and ending one, two, three or six months thereafter, as selected by
the Borrower by irrevocable notice to the Administrative Agent no later than 11:00 A.M., New York City time, three Business Days prior to the last day of the then current Interest Period with respect thereto; provided that, all of the
foregoing provisions relating to Interest Periods are subject to the following: 
 (i) if any Interest Period
would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event
such Interest Period shall end on the immediately preceding Business Day; 
 (ii) the Borrower may not select an
Interest Period that would extend beyond the Maturity Date; 
 (iii) any Interest Period that begins on the last
Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month; and 

(iv) the Borrower shall, to the extent practicable and except as otherwise required by the terms of this Agreement, select
Interest Periods so as not to require a payment or prepayment of any Eurodollar Loan during an Interest Period for such Eurodollar Loan. 
 “Investments”: any advance, loan, extension of credit (by way of guaranty or otherwise) or capital contribution to, or the purchase of any Capital Stock, bonds, notes, debentures or other
debt securities of, or any assets constituting a business unit of, or any other investment in, any Person. 
 “Lender
Affiliate”: (a) any Affiliate of any Lender, (b) any Person that is administered or managed by any Lender and that is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of
credit in the ordinary course of its business and (c) with respect to any Lender which is a fund that invests in commercial loans and similar extensions of credit, any other fund that invests in commercial loans and similar extensions of credit
and is managed or advised by the same investment advisor as such Lender or by an Affiliate of such Lender or investment advisor. 
 “Lender Note”: as defined in Section 3.14(d). 

“Lenders”: as defined in the preamble hereto. 

  
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 “Lien”: any mortgage, pledge, hypothecation, assignment, deposit
arrangement, encumbrance, lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other
title retention agreement and any capital lease having substantially the same economic effect as any of the foregoing). 

“Loan Documents”: this Agreement, the Guarantee Agreement and the Notes. 

“Loan Parties”: each Group Member that is a party to a Loan Document. 

“Loans”: as defined in Section 2.1(a). 

“Majority Lenders”: at any time (a) prior to the making of the Loans, the holders of greater than 50% of the
Commitments then outstanding and (b) after the making of the Loans, the holders, other than any Defaulting Lenders, of greater than 50% of the Loans then outstanding, other than those then held by Defaulting Lenders. 

“Master Note”: as defined in Section 3.14(d). 

“Material Adverse Effect”: a material adverse effect on (a) the business, property, operations, condition
(financial or otherwise), results of operations or prospects of the Borrower and its Subsidiaries taken as a whole or (b) the validity or enforceability of this Agreement or any of the other Loan Documents or the rights or remedies of the
Administrative Agent or the Lenders hereunder or thereunder. 
 “Materials of Environmental Concern”: any
gasoline, petroleum (including crude oil or any fraction thereof) or petroleum products or any hazardous or toxic substances, materials or wastes, defined or regulated as such in or under any Environmental Law, including asbestos, polychlorinated
biphenyls and urea-formaldehyde insulation. 
 “Maturity Date”: December 2, 2017. 

“Midstream Entities”: (i) Midstream LP, a Delaware limited partnership, and each of its Subsidiaries and
(ii) Chesapeake Midstream Partners, L.P., a Delaware limited partnership, and each of its Subsidiaries. 

“Midstream LLC”: Chesapeake Midstream Operating, L.L.C., an Oklahoma limited liability company. 

“Midstream LLC Revolver”: Midstream LLC’s Second Amended and Restated Credit Agreement dated as of June 15,
2011. 
 “Midstream LP”: Chesapeake Midstream Development, L.P., a Delaware limited partnership. 

“Moody’s”: Moody’s Investors Service, Inc. and any successor thereto. 

  
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 “Multiemployer Plan”: a Plan that is a multiemployer plan as defined in
Section 4001(a)(3) of ERISA. 
 “Net Cash Proceeds”: with respect to any event, (a) the proceeds
thereof received by the Borrower or a Subsidiary in the form of cash and Cash Equivalents (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment
receivable or by the Disposition of any non-cash consideration received in connection therewith or otherwise, but only as and when received (it being understood that amounts received by the Borrower and its Subsidiaries as reimbursement of well
costs incurred and billed substantially concurrently with such reimbursement in connection with Dispositions in the form of joint venture transactions do not constitute proceeds of such Dispositions), net of (b) the sum, without duplication, of
(i) all fees and out-of-pocket expenses (including any underwriting discounts and commissions) paid in connection with such event by the Borrower or any Subsidiary to Persons that are not Affiliates of the Borrower or any Subsidiary,
(ii) solely in the case of any asset sale or other monetization of any asset that is not a Permian Sale, the amount of all payments required to be made by the Borrower and the Subsidiaries as a result of such event to repay Indebtedness
(other than Loans) or to make payments in respect of Hedge Agreements, in each case that are secured by the assets subject thereto, (iii) solely in the case of a Disposition of assets the production from which is hedged that results in the
aggregate hedging position of the Borrower and its Subsidiaries in respect of such product being in excess of the aggregate production of such product subject to such hedges, an amount equal to the lesser of (A) 2.5% of the gross proceeds of
the applicable Disposition and (B) the cost actually incurred by the Borrower and the Subsidiaries in unwinding the portion of such hedging position in excess of such production and (iv) other customary fees and expenses actually incurred
in connection therewith and taxes paid or reasonably estimated to be payable as a result thereof (after taking into account any available tax credits or deductions and any tax sharing arrangements). 

“Non-Excluded Taxes”: as defined in Section 3.10(a). 

“Non-U.S. Lender”: as defined in Section 3.10(d). 

“Notes”: the collective reference to the Master Note and the Lender Notes. 

“Obligations”: the unpaid principal of and interest (including interest accruing after the maturity of the Loans and
interest accruing after the commencement of any proceeding under any Debtor Relief Law relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) on the Loans and all other obligations
and liabilities of the Borrower and the other Loan Parties to the Administrative Agent or to any Lender, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of,
or in connection with, this Agreement, any other Loan Document or any other document made, delivered or given in connection herewith or therewith, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs,
expenses (including all fees, charges and disbursements of counsel to the Administrative Agent or to any Lender that are required to be paid by the Borrower and the other Loan Parties pursuant hereto) or otherwise. 

  
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 “Ordinary Course Sales”: 

(1) sales, leases, or other dispositions by the Borrower to or with a Subsidiary other than an Unrestricted Subsidiary (a
“Restricted Subsidiary”) or by a Restricted Subsidiary to or with the Borrower or another Restricted Subsidiary; 
 (2) sales or other dispositions of natural gas, oil or other hydrocarbons or other mineral products in the ordinary course of the Borrower’s and its Subsidiaries natural gas and oil production
operations (but not any sale or disposition of hydrocarbons or other mineral products as a result of the creation of a VPP or any other sale or disposition of future hydrocarbon or other mineral production or any interest therein or rights to
proceeds thereof ); 
 (3) any abandonment, farm-in, farm-out, lease and sub-lease of developed and/or undeveloped properties
made or entered into in the ordinary course of business, but excluding (x) any sale of a net profits or overriding royalty interest, in each case conveyed from or burdening proved developed or proved undeveloped reserves and (y) any sale
of hydrocarbons or other mineral products as a result of the creation of a VPP, other than VPPs created or sold in connection with the financing of, and within 30 days after, the acquisition of the properties subject thereto, or any other sale or
disposition of future hydrocarbon or other mineral production or any interest therein or rights to proceeds thereof; 
 (4) the
provision of services and equipment for the operation and development of the Borrower and its Subsidiaries’ natural gas and oil wells, in the ordinary course of business, notwithstanding that such transactions may be recorded as asset sales in
accordance with full cost accounting guidelines; and 
 (5) the sale, lease or other disposition of inventory in the ordinary
course of business (other than hydrocarbons in the ground or rights or interests therein or in proceeds thereof) and equipment no longer used or useful in the Borrower’s or its Subsidiaries’ business. 

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

“Participant”: as defined in Section 10.6(d). 

“Participant Register”: as defined in Section 10.6(d). 

“PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA (or any
successor). 
 “Permian Sale”: any Disposition or other monetization of any asset of the Company or any
Subsidiary in the Permian Basin (including both the Delaware Basin and the Midland Basin) in Texas and New Mexico, other than an Ordinary Course Sale. 
 “Permitted Contingent Conversion Rights”: (i) the right of a holder of the Borrower’s (a) $451,071,000 2.75% Contingent Convertible Senior Notes, (b) $1,377,979,000

  
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2.50% Contingent Convertible Senior Notes, or (c) $752,118,000 2.25% Contingent Convertible Senior Notes to convert any such notes to cash and common stock (consisting of the par value of
such note plus a number of shares of common stock equal to the excess of the current stock price over the specified conversion price) prior to its scheduled maturity if for any relevant quarter the Borrower’s common stock traded above the
specified conversion price per share for at least 20 trading days during the last 30 consecutive trading days of the prior quarter, and (ii) substantially the same type of contingent conversion right as described in clause (i) in respect
of any other unsecured contingent convertible senior notes of the Borrower issued from time to time, so long as the outstanding principal amount of all notes described in clause (i) or (ii) shall not at any time exceed 40% of the aggregate
principal amount of senior unsecured notes of the Borrower at such time. 
 “Permitted Securitization”: any
transfer by the Borrower, or any other Group Member of accounts receivable or interests therein (collectively, “Receivables”) and all collateral securing such Receivables, all contracts and contract rights that are guarantees or
other obligations in respect of such Receivables, all lockbox accounts, collection accounts and other assets that are customarily granted in connection with asset securitization transactions involving Receivables and all proceeds of any of the
foregoing (collectively, the “Related Security”) (i) to a Securitization Subsidiary, which transfer is funded in whole or in part, directly or indirectly, by the incurrence or issuance by the transferee or any successor
transferee of indebtedness or other securities that are to receive payments from, or that represent interests in, the cash flow derived from such Receivables and Related Security, or (ii) directly to one or more investors or other purchasers
(other than the Borrower or a Subsidiary), in any case involving an aggregate principal amount at any time not to exceed $250,000,000. The “principal amount” of any Permitted Securitization shall be deemed at any time to be (x) in the
case of a transaction described in clause (i) of the preceding sentence, the aggregate principal or stated amount of the indebtedness or securities referred to in such clause incurred or issued for the purpose of funding the Securitization
Subsidiary’s acquisition of Receivables and Related Security (exclusive of any subordinated notes that the Securitization Subsidiary may issue to the Borrower or any other Group Member) or, if there shall be no such principal or stated amount,
the uncollected amount of the Receivables transferred pursuant to such Permitted Securitization net of any such Receivables that have been written off as uncollectible, and (y) in the case of a transaction described in clause (ii) of the
preceding sentence, the lesser of the aggregate outstanding principal amount of the subject Receivables or the indebtedness secured by Liens on the subject Receivables and Related Security, as applicable. The term “Permitted
Securitization” shall also include refinancings of the foregoing within such limitation on the aggregate principal amount of such Permitted Securitization. 
 “Person”: an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority
or other entity of whatever nature. 
 “Plan”: at a particular time, any employee benefit plan that is covered
by ERISA and in respect of which the Borrower or a Commonly Controlled Entity is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of
ERISA. 

  
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 “Platform”: as defined in Section 6.2. 

“Preferred Stock”: as applied to the Capital Stock of any Person, means Capital Stock of any class or classes (however
designated), which is preferred as to the payment of dividends, or upon any voluntary or involuntary liquidation or dissolution of such Person, over shares of Capital Stock of any other class of such Person. 

“Prime Rate”: as defined in the definition of “Base Rate.” 

“Properties”: as defined in Section 4.17(a). 

“Property”: any right or interest in or to property of any kind whatsoever, whether real, personal or mixed and whether
tangible or intangible, including, without limitation, Capital Stock. 
 “Proved”,
“Producing”, “Proved Developed”, “Proved Undeveloped” and “Proved Developed Non Producing”: will have the meaning given under the Definitions for Oil and Gas Reserves promulgated by
the Society of Petroleum Engineers (or any generally recognized successors), and the references to “Behind Pipe” and “Shut-in” will have the meaning used in such Definitions. 

“Purchased Debt”: as defined in Section 6.11(g). 

“Purchased Debt Prepayment”: a prepayment of Loans of a Lender with Financing Proceeds realized in respect of such
Lender’s Purchased Debt. 
 “Qualifying Royalty Trust”: a statutory trust formed by a Group Member for the
purpose of consummating a Qualifying Royalty Trust Transaction, including the Granite Wash Trust described in the Granite Wash Trust Registration Statement. 
 “Qualifying Royalty Trust AMI Properties”: the oil and gas properties owned by a Group Member that are burdened by the overriding royalty interests constituting a Qualifying Royalty Trust
Transaction or that are within an area of mutual interest designated at the time of the Qualifying Royalty Trust Transaction to be subject to any Lien to secure the obligations to a Qualifying Royalty Trust to drill and develop oil and gas wells
burdened by such overriding royalty interests. 
 “Qualifying Royalty Trust Transaction”: (a) the grant of
term and/or perpetual overriding royalty interests in oil and gas properties of a Group Member to a Qualifying Royalty Trust formed by a Group Member with respect to which units are sold by such Qualifying Royalty Trust pursuant to an effective
registration statement filed with the SEC (including the Granite Wash Trust Registration Statement), (b) the obligations of a Group Member to drill and develop certain oil and gas wells burdened by such overriding royalty interests, which
obligations may be secured by a lien on a Group Member’s interest in the applicable Qualifying Royalty Trust AMI Properties, and (c) agreements between a Group Member and such Qualifying Royalty Trust (and the transactions under such
agreements) providing for the operation of the oil and gas wells burdened by such overriding royalty interests, for administrative services for the Qualifying Royalty Trust and for registration rights of Group

  
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Members and for other transactions incidental to the foregoing; provided that (i) Qualifying Royalty Trust AMI Properties shall not be included in satisfying the Borrower’s
obligations under this Agreement to maintain Unencumbered Assets and (ii) no Default or Event of Default shall have occurred and be continuing or shall result therefrom. The Borrower shall provide the Administrative Agent (i) such
information as the Administrative Agent may reasonably request regarding any proposed Qualifying Royalty Trust, including compliance with the requirements contained in the definition of Qualifying Royalty Trust Transaction, and (ii) in
connection with the closing of a Qualifying Royalty Trust, a certificate of a Responsible Officer of the Borrower certifying compliance with the requirements contained in the definition of Qualifying Royalty Trust Transaction. 

“Qualifying VPP”: a volumetric production payment (each a “VPP”) granted by a Group Member or Group
Members (the “VPP Seller”) to the purchaser of the VPP (the “VPP Buyer”); provided that (i) the consideration for such VPP consists only of cash, (ii) any obligation of any Group Member to purchase
the VPP Buyer’s share of production is at a fair market index price in effect from time to time (adjusted for shrinkage and transportation costs, as applicable), (iii) any Liens securing the VPP or any related obligations of the VPP Seller
to the VPP Buyer are limited to the VPP Seller’s retained interests in the oil and gas properties burdened by the VPP (the “VPP Properties”) and the production therefrom and its rights, titles and interests related thereto, and
(iv) no Default or Event of Default shall have occurred and be continuing or shall result therefrom. 
 “Real
Estate Collateral”: collateral consisting of surface property interests, buildings, structures and similar improvements thereon, fixtures and personal property associated therewith and other items customarily associated with real estate
secured financing. 
 “Real Estate Secured Indebtedness”: Indebtedness in an amount not to exceed $750,000,000
in original principal amount, which Indebtedness is secured solely by Liens on Real Estate Collateral. 

“Receivables”: as defined in the definition of “Permitted Securitization.” 

“Register”: as defined in Section 10.6(c). 

“Registered Public Accounting Firm”: will have the meaning specified in the Securities Laws and shall be independent of
the Borrower as prescribed by the Securities Laws. 
 “Registration Rights Agreement”: a registration rights
agreement in customary form and having provisions (to the extent such provisions are relevant) substantially the same as those contained in the registration rights agreement executed and delivered in the Borrower’s most recent 144A debt
offering (the filing and effective dates applicable to the exchange offer registration statement in such registration rights agreement being applicable to the shelf registration statement), providing for resale registration rights in respect of
Exchange Notes after the Conversion Date and otherwise reasonably satisfactory to the Administrative Agent, as such registration rights agreement may be amended and supplemented from time to time in accordance with the terms hereof and thereof.

  
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 “Regulation U”: Regulation U of the Board as in effect from time to time.

 “Related Parties”: with respect to any Person, such Person’s Affiliates and the partners, directors,
officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 
 “Related
Security”: as defined in the definition of “Permitted Securitization.” 
 “Reorganization”:
with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of Section 4241 of ERISA. 
 “Reportable Event”: any of the events set forth in Section 4043(b) of ERISA, other than those events as to which the thirty day notice period is waived under subsections .27, .28,
..29, .30, .31, .32, .34 or .35 of PBGC Reg. § 4043. 
 “Requirement of Law”: as to any Person, the
Certificate of Incorporation and By-Laws or other organizational or governing documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to
or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Responsible Officer”: the chief executive officer, president, chief financial officer or treasurer of the Borrower, but
in any event, with respect to financial matters, the chief financial officer or treasurer of the Borrower. 

“Restricted Payments”: as defined in Section 7.6. 

“Revolving Credit Agreement”: the Borrower’s Eighth Amended and Restated Credit Agreement dated as of
December 2, 2010, as amended by the First Amendment thereto dated as of September 19, 2011, and the Second Amendment thereto dated as of October 12, 2011. 
 “S&P”: Standard & Poor’s Ratings Services and any successor thereto. 
 “Sarbanes-Oxley”: the Sarbanes-Oxley Act of 2002. 

“SEC”: the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority.

 “Securities Laws”: the Securities Act of 1933, the Securities Exchange Act of 1934, Sarbanes-Oxley and the
applicable accounting and auditing principles, rules, standards and practices promulgated, approved or incorporated by the SEC or the Public Company Accounting Oversight Board, as each of the foregoing may be amended and in effect on any applicable
date hereunder. 
 “Securitization Subsidiary”: an Unrestricted Subsidiary established for the limited purpose
of facilitating a Permitted Securitization and whose only assets are Receivables and Related Security to be subject to the Permitted Securitization. In no event may the Securitization Subsidiary guarantee any indebtedness of any other Subsidiary of
the Borrower or be obligated to pledge security therefor. 

  
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 “SFAS”: Statement of Financial Accounting Standard No. 133 or
No. 143 as promulgated by the Financial Accounting Standards Board. 
 “Single Employer Plan”: any Plan
that is covered by Title IV of ERISA, but that is not a Multiemployer Plan. 
 “Solvent”: when used with
respect to any Person, means that, as of any date of determination, (a) the amount of the “present fair saleable value” of the assets of such Person will, as of such date, exceed the amount of all “liabilities of such Person,
contingent or otherwise”, as of such date, as such quoted terms are determined in accordance with applicable federal and state laws governing determinations of the insolvency of debtors, (b) the present fair saleable value of the assets of
such Person will, as of such date, be greater than the amount that will be required to pay the liability of such Person on its debts as such debts become absolute and matured, (c) such Person will not have, as of such date, an unreasonably
small amount of capital with which to conduct its business, and (d) such Person will be able to pay its debts as they mature. For purposes of this definition, (i) “debt” means liability on a “claim”, and
(ii) “claim” means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or
(y) right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured or unmatured, disputed, undisputed,
secured or unsecured. 
 “Specified Applications”: with respect to the application of any Net Cash Proceeds
received by a Group Member, at the Borrower’s option, either (1) the prepayment of Loans pursuant to Section 3.1 (or, on or after the Conversion Date, the ratable prepayment of Loans pursuant to Section 3.1 and
Exchange Notes) or (2) the reduction of commitments and prepayment of loans under the Revolving Credit Agreement (or, to the extent of any amount of such Net Cash Proceeds in excess of the then existing commitments under the Revolving Credit
Agreement, the permanent prepayment of other senior Indebtedness). 
 “Subsidiary”: as to any Person, a
corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the
happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through
one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Borrower. For the
avoidance of doubt, a Qualifying Royalty Trust shall not constitute a “Subsidiary” of the Borrower. 

“Subsidiary Guarantor”: each Group Member other than the Borrower and any Immaterial Subsidiary. At any time when the
Revolving Credit Agreement remains outstanding, any Subsidiary that is a “Subsidiary Guarantor” under and as defined in the Revolving Credit Agreement shall be a Subsidiary Guarantor. 

  
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 “Syndication Agent”: Jefferies Finance LLC, as syndication agent, or any
successor in such capacity. 
 “Synthetic Purchase Agreement”: any agreement pursuant to which any Group Member
is or may become obligated to make (a) any payment in connection with the purchase by any third party from a Person other than a Group Member of any Capital Stock of any Group Member or (b) any payment (except as otherwise expressly
permitted by Section 7.6) the amount of which is determined by reference to the price or value at any time of any such Capital Stock or Indebtedness; provided, that no phantom stock or similar plan providing for payments only to
current or former directors, officers or employees of any Group Member (or to their heirs or estates) shall be deemed to be a Synthetic Purchase Agreement. 
 “Transferee”: any Participant. 
 “Treasury
Rate”: as of any date of prepayment of the Loans, the yield to maturity as of such date of the United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15
(519) that has become publicly available at least two Business Days prior to such date (or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from such
date to the Maturity Date; provided, however, that if the period from such date to the Maturity Date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year
will be used. 
 “Trustee”: The Bank of New York Mellon Trust Company, N.A., or any other person reasonably
acceptable to the Borrower acting as trustee under the Exchange Notes Indenture. 
 “Type”: as to any Loan, its
nature as a Base Rate Loan or a Eurodollar Loan. 
 “Unencumbered Assets”: any assets that do not secure the
Obligations or any other Indebtedness. 
 “United States”: the United States of America. 

“Unrestricted Subsidiary”: any Midstream Entity, each Subsidiary listed on Schedule 6.10 and any other Subsidiary
that is designated as an Unrestricted Subsidiary pursuant to Section 6.10. 
 “VPP”: as defined in
the definition of “Qualifying VPP”. 
 “VPP Buyer”: as defined in the definition of “Qualifying
VPP”. 
 “VPP Properties”: as defined in the definition of “Qualifying VPP”. 

“VPP Seller”: as defined in the definition of “Qualifying VPP”. 

  
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 “Yield Maintenance Premium”: with respect to any Loans being prepaid, a
prepayment premium in an amount equal to the present value of all interest payments that would have been made in respect of the principal of such Loans from the date of such prepayment until the Maturity Date at a rate per annum equal to the sum of
(I) the Applicable Margin applicable to Eurodollar Loans on or after January 1, 2013 (i.e. 10.00%), plus (II) the Eurodollar Rate (assuming an Interest Period of three months) in effect on the date on which the applicable notice of
prepayment is given (in each case, computed on the basis of actual days elapsed over a year of 360 days and using a discount rate equal to the Treasury Rate as of such prepayment date plus 50 basis points). 

Section 1.2. Other Definitional Provisions. 
 (a) Unless otherwise specified therein, all terms defined in this Agreement shall have the defined meanings when used in the other Loan Documents or any certificate or other document made or delivered
pursuant hereto or thereto. 
 (b) As used herein and in the other Loan Documents, and any certificate or other document made or
delivered pursuant hereto or thereto, (i) accounting terms relating to any Group Member not defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not defined, shall have the respective
meanings given to them under GAAP, (ii) the words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”, (iii) the word “incur” shall be
construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and the words “incurred” and “incurrence” shall have correlative meanings), and (iv) the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, Capital Stock, securities, revenues, accounts, leasehold interests and contract
rights, and (v) references to agreements or other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated or otherwise modified from time to
time in accordance with this Agreement. 
 (c) The words “hereof”, “herein” and “hereunder” and
words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified.

 (d) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such
terms. 
 (e) All references herein to consolidated financial statements of the Borrower and the other Group Members or to the
determination of any amount for the Borrower and the other Group Members on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Borrower is required to consolidate pursuant
to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary Guarantor as defined herein. 

  
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 ARTICLE 2. 
 AMOUNT AND TERMS OF LOANS 
 Section 2.1. Term Loans. 

(a) On the terms and subject to the conditions set forth herein, each Lender severally agrees to make a term loan (each a
“Loan”) to the Borrower on the Closing Date in an aggregate principal amount equal to the amount of such Lender’s Commitment. Amounts borrowed pursuant to this Section 2.1(a) that are repaid or prepaid may not be
reborrowed. Each Lender’s Commitment shall (x) terminate immediately and without any further action upon the making of its Loan on the Closing Date and (y) in the event any Commitment is then outstanding, terminate immediately and
without any further action at 5:00 pm, New York City time, on May 14, 2012. The Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with
Sections 2.2 and 3.3. 
 (b) The Borrower shall repay all outstanding Loans on the Maturity Date. 

Section 2.2. Procedure for Borrowing. To request the Loans to be made on the Closing Date, the Borrower shall deliver to the
Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 Noon, New York City time, on the Business Day prior to the Closing Date (or such shorter period as may be acceptable to the
Administrative Agent), specifying (A) the amount of Loans to be borrowed and (B) the requested Closing Date. The Loans made on the Closing Date shall be Base Rate Loans. Upon receipt of such notice from the Borrower, the Administrative
Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata share of such borrowing available to the Borrower as set forth in the Funds Flow Memorandum delivered by the Borrower to the Arrangers in
connection with the Closing Date. 
 Section 2.3. Exchange Notes Option. 

(a) Each Lender will have the option at any time on or after the Conversion Date to receive Exchange Notes in exchange for all of such
Lender’s Loans (provided that partial exchanges shall be permitted with respect to any portion of such Loans that the Lender has a binding obligation to sell) then outstanding pursuant to Section 2.4 (each such event being referred
to herein as an “Exchange”); provided, that the Borrower shall not be required to issue Exchange Notes until it shall have received Exchange Requests to issue not less than (i) in the case of the initial Exchange,
$100,000,000 (or, if less, the aggregate principal amount of all then outstanding Loans) and (ii) in the case of each later Exchange, $25,000,000 (or, if less, the aggregate principal amount of all then outstanding Loans) aggregate principal
amount of Exchange Notes. 
 (b) The principal amount of the Exchange Notes issued in any Exchange will equal 100% of the
aggregate principal amount of the Loans (or the portions thereof) for which they are exchanged pursuant to such Exchange, will bear interest at a fixed rate equal to 11.50% per annum from the date of issuance, payable semi-annually, will mature
on the Maturity Date, 

  
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will not be subject to any sinking fund or amortization and will contain substantially the same call protection as the Loans (in the form of a customary Treasury Rate plus 50 basis points bond
makewhole rather than with reference to the Yield Maintenance Premium). The Exchange Notes will rank pari passu with the Loans and will have the terms set forth in the Exchange Notes Indenture. 

(c) On any date on which an Exchange is effected (an “Exchange Date”), the Borrower shall, pursuant to the provisions of
Article 3, pay any accrued and unpaid interest on the Loans exchanged pursuant to such Exchange. If a Default or Event of Default shall have occurred and be continuing on any Exchange Date, (i) a Default or Event of Default, as the case
may be, shall be deemed to have occurred and be continuing under the Exchange Notes Indenture, (ii) any notices given or cure periods commenced while the Loan was outstanding shall be deemed to have been given or commenced (as of the actual
dates thereof) for all purposes with respect to the Exchange Notes (with the same effect as if the Exchange Notes had been outstanding as of the actual dates thereof) and (iii) the Exchange Notes shall accrue default interest under the Exchange
Notes Indenture to the same extent the Loans that were exchanged for such Exchange Notes accrue default interest. Receipt by a Lender of the Exchange Notes issued pursuant to any Exchange, and of all amounts due (other than in respect of principal)
in respect of the Loans of such Lender subject to such Exchange through the Exchange Date, shall be in satisfaction of, and shall constitute the discharge of, such Loans and the Borrower and the Loan Parties will have no further obligations in
respect of such Loans relating to any time from and after the time of such receipt; provided, that, notwithstanding anything herein to the contrary, (A) if a Lender receives Exchange Notes but not all accrued and unpaid interest on the
Loans which were exchanged for such Exchange Notes shall be paid, the Borrower’s and the Loan Parties’ obligations in respect of the unpaid interest shall not be satisfied and discharged and interest and default interest shall accrue on
such unpaid interest to the extent provided in this Agreement, (B) such satisfaction and discharge shall be deemed to occur upon the payment in full in immediately available funds of all such unpaid interest, together with any default interest
thereon, and (C) any such satisfaction and discharge shall not affect the obligations of the Borrower and the Loan Parties hereunder and under the other Loan Documents with respect to such Loans, other than the principal thereof and interest
thereon, to the extent arising or relating to any time prior to the time of such receipt. 
 (d) In order to effect an Exchange,
a Lender shall provide the Administrative Agent and the Borrower written notice (an “Exchange Request”), in a form to be specified by the Administrative Agent, at least five Business Days prior to the Exchange Date selected by such
Lender for an Exchange in compliance with this Article 2, together with such other information as may be reasonably requested by the Administrative Agent. Each Exchange Request shall specify (i) the Lender’s legal name,
(ii) the Exchange Date selected by such Lender (which shall be a Business Day), (iii) the principal amount of the Loans to be exchanged pursuant to such Exchange Request, (which shall be the entire remaining aggregate principal amount of
such Lender’s Loans (provided that partial exchanges shall be permitted with respect to any portion of such Loans that the Lender has a binding obligation to sell)), (iv) instructions for delivery to such Lender of each Exchange Note
subject to such Exchange Request, including (A) if such Exchange Note is to be recorded in book-entry form in accordance with Section 2.4(c), instructions as to whether such Exchange Note is to be credited to the account of such
Lender directly or indirectly through a participant in the Depository Trust Company identified in such 

  
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Exchange Request and (B) if such Exchange Note is to be issued as a definitive registered note in accordance with Section 2.4(c), instructions as to the name in which such
Exchange Note is to be issued and instructions for physical delivery thereof. Upon receipt of an Exchange Request, the Administrative Agent shall promptly provide written notice of such proposed Exchange to the Trustee, with a copy to the Borrower,
that shall specify the information contained in such Exchange Request. 
 Section 2.4. Exchange Notes Issuance.

 (a) In the event that any Loans remain outstanding on the date 300 days after the Closing Date, (i) the Administrative
Agent shall, with reasonable promptness after such date, prepare and deliver to the Borrower the Exchange Notes Indenture, and the Borrower and the other Loan Parties shall enter into the Exchange Notes Indenture promptly thereafter (and in any
event no later than 30 days prior to the Conversion Date), (ii) the Borrower shall execute and deliver to the Trustee certificates evidencing the full amount of the Exchange Notes that may be issued pursuant to the terms hereof, to be held by
the Trustee, undated and unauthenticated, pending issuance pursuant to the terms hereof, (iii) the Borrower shall enter into the Registration Rights Agreement not later than 30 days prior to the Conversion Date, and (iv) the Borrower shall
use commercially reasonable efforts to obtain ratings from each of Moody’s and S&P for the Exchange Notes prior to the Conversion Date and, if not obtained by such date, as soon as practicable thereafter. 

(b) The Borrower shall, not later than 10 Business Days prior to the Conversion Date, (i) use commercially reasonable efforts to
cause the Exchange Notes to become eligible for deposit at The Depository Trust Company (including by the filing of an appropriately executed letter of representations) and (ii) obtain “CUSIP” and “ISIN” numbers for the
Exchange Notes. 
 (c) On or prior to the fifth Business Day following the receipt of an Exchange Request from a Lender in
accordance with Section 2.3(d) (and subject to the proviso set forth in Section 2.3(a)) that requests the exchange of any Loan of such Lender for Exchange Notes, the Borrower shall use commercially reasonable efforts to cause
the Trustee to deliver, in accordance with the instructions set forth in such Exchange Request and with the terms of the Exchange Notes Indenture, a fully executed and authenticated Exchange Note or Exchange Notes, in an aggregate principal amount
as set forth in Section 2.3(b) and bearing interest and with a maturity date as set forth for such Exchange Notes in the Exchange Notes Indenture, dated the date of the issuance of such Exchange Note. Such Exchange Note shall either
(i) be recorded in book-entry form as a beneficial interest in one or more global notes deposited with the Trustee as custodian for The Depository Trust Company and credited to the account of the exchanging Lender directly or indirectly through
its participant in the Depository Trust Company system or (ii) if the foregoing is not reasonably practicable, be issued as a definitive registered note payable to the order of the holder or beneficial owner, as the case may be. 

  
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 ARTICLE 3. 
 GENERAL PROVISIONS APPLICABLE TO LOANS 
 Section 3.1. Optional
Prepayments. The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty (but subject to Section 3.11), upon irrevocable notice delivered to the Administrative Agent at least
three Business Days prior thereto in the case of Eurodollar Loans and prior to 11:00 am, New York City time, on the day of the requested repayment, in the case of Base Rate Loans, which notice shall specify the date and amount of prepayment and
whether the prepayment is of Eurodollar Loans or Base Rate Loans; provided, that if a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to
Section 3.11. Upon receipt of any such notice the Administrative Agent shall promptly notify each Lender thereof. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein,
together with (except in the case of Loans that are Base Rate Loans) accrued interest to such date on the amount prepaid. Partial optional prepayments of Loans shall be in an aggregate principal amount of $2,500,000 or whole multiples of $500,000 in
excess thereof. 
 Section 3.2. Yield Maintenance Premium. On and following January 1, 2013, if the Loans are
repaid or prepaid for any reason (other than at their stated maturity and other than Purchased Debt Prepayments), such repayment or prepayment shall be accompanied by payment of the Yield Maintenance Premium in respect of the aggregate principal
amount of the Loans repaid or prepaid. 
 Section 3.3. Conversion and Continuation Options. 

(a) The Borrower may elect from time to time to convert Eurodollar Loans to Base Rate Loans by giving the Administrative Agent prior
irrevocable notice of such election by 11:00 A.M., New York City time, three Business Days preceding the day on which such conversion is to occur, provided that any such conversion of Eurodollar Loans may only be made on the last day of an Interest
Period with respect thereto. The Borrower may elect from time to time to convert Base Rate Loans to Eurodollar Loans by giving prior irrevocable notice to the Administrative Agent by 11:00 A.M., New York City time, three Business Days prior to such
conversion (which notice shall specify the length of the initial Interest Period therefor), provided that no Base Rate Loan may be converted into a Eurodollar Loan when any Event of Default has occurred and is continuing and the Administrative Agent
or the Majority Lenders have determined in its or their sole discretion not to permit such conversions. Upon receipt of any such notice the Administrative Agent shall promptly notify each Lender thereof. 

(b) Any Eurodollar Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the
Borrower giving irrevocable notice to the Administrative Agent, in accordance with the applicable provisions of the term “Interest Period” set forth in Section 1.1, of the length of the next Interest Period to be applicable to
such Eurodollar Loans, provided that no Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing and the Administrative Agent has or the Majority Lenders have determined in its or their sole discretion
not to permit such continuations, and 

  
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provided, further, that if the Borrower shall fail to give any required notice as described above in this paragraph or if such continuation is not permitted pursuant to the
preceding proviso such Eurodollar Loans shall be automatically converted to Base Rate Loans on the last day of such then expiring Interest Period. Upon receipt of any such notice the Administrative Agent shall promptly notify each Lender thereof.

 Section 3.4. Limitations on Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all
borrowings, conversions and continuations of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate
principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $500,000,000 or whole multiples of $500,000,000 in excess thereof and (b) no more than five Eurodollar Tranches shall be outstanding at any one time.

 Section 3.5. Interest Rates and Payment Dates. 

(a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to
the Eurodollar Rate determined for such day plus the Applicable Margin. 
 (b) Each Base Rate Loan shall bear interest at a rate
per annum equal to the Base Rate plus the Applicable Margin. 
 (c) (i) If all or a portion of the principal amount of any
Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing
provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration
or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to Base Rate Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such
non-payment until such amount is paid in full (as well after as before judgment). 
 (d) Interest shall be payable in arrears on
each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand to the extent accruing on any portion of the principal amount of any Loan that has not
been paid when due (whether at the stated maturity, by acceleration or otherwise) or on any amount referred to in clause (ii) of such paragraph (c). 
 Section 3.6. Computation of Interest and Fees. 
 (a) Interest and fees
payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to Base Rate Loans the rate of interest on which is calculated on the basis of the Prime Rate, the interest thereon
shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any
change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall 

  
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become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the
effective date and the amount of each such change in interest rate. 
 (b) Each determination of an interest rate by the
Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrower, deliver to the
Borrower a statement showing the quotations used by the Administrative Agent in determining any interest rate pursuant to Section 3.6(a). 
 Section 3.7. Inability to Determine Interest Rate. If prior to the first day of any Interest Period: 
 (a) the Administrative Agent shall have determined (which determination shall be conclusive and binding upon the Borrower) that, by reason of circumstances affecting the relevant market, adequate and
reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period; or 
 (b) the Administrative Agent
shall have received notice from the Majority Lenders that the Eurodollar Rate determined or to be determined for such Interest Period will not adequately and fairly reflect the cost to such Lenders (as conclusively certified by such Lenders) of
making or maintaining their affected Loans during such Interest Period, the Administrative Agent shall give telefacsimile, email or telephonic notice thereof to the Borrower and the Lenders as soon as practicable thereafter. If such notice is given
(x) any Eurodollar Loans requested to be made on the first day of such Interest Period shall be made as Base Rate Loans, (y) any Loans that were to have been converted on the first day of such Interest Period to Eurodollar Loans shall be
continued as Base Rate Loans and (z) any outstanding Eurodollar Loans shall be converted, on the last day of the then-current Interest Period, to Base Rate Loans. Until such notice has been withdrawn by the Administrative Agent, no further
Eurodollar Loans shall be made or continued as such, nor shall the Borrower has the right to convert Loans to Eurodollar Loans. 

Section 3.8. Pro Rata Treatment and Payments. 
 (a) Except as expressly provided elsewhere herein, each borrowing by the Borrower from the Lenders hereunder and any reduction of the Commitments of the Lenders shall be made pro rata
according to the respective outstanding principal amounts of the Commitments then held by the Lenders. 
 (b) Except as
expressly provided elsewhere herein, each payment (including each prepayment) by the Borrower on account of principal of and interest on the Loans shall be made pro rata according to the respective outstanding principal amounts of the
Loans then held by the Lenders. 
 (c) All payments (including prepayments) to be made by the Borrower hereunder, whether on
account of principal, interest, fees or otherwise, shall be made without setoff or counterclaim and shall be made prior to 2:00 P.M., New York City time, on the due date thereof to the Administrative Agent, for the account of the Lenders, at the
Funding Office, in 

  
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Dollars and in immediately available funds. The Administrative Agent shall distribute such payments to the Lenders promptly upon receipt in like funds as received. If any payment hereunder (other
than payments on the Eurodollar Loans) becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day. If any payment on a Eurodollar Loan becomes due and payable on a day other than a
Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately
preceding Business Day. In the case of any extension of any payment of principal pursuant to the preceding two sentences, interest thereon shall be payable at the then applicable rate during such extension. 

(d) Unless the Administrative Agent shall have been notified in writing by any Lender prior to a borrowing that such Lender will not make
the amount that would constitute its share of such borrowing available to the Administrative Agent, the Administrative Agent may assume that such Lender is making such amount available to the Administrative Agent, and the Administrative Agent may,
in reliance upon such assumption, make available to the Borrower a corresponding amount. If such amount is not made available to the Administrative Agent by the required time on the Closing Date, such Lender shall pay to the Administrative Agent, on
demand, such amount with interest thereon at a rate equal to the daily average Federal Funds Effective Rate for the period until such Lender makes such amount immediately available to the Administrative Agent. A certificate of the Administrative
Agent submitted to any Lender with respect to any amounts owing under this paragraph shall be conclusive in the absence of manifest error. If such Lender’s share of such borrowing is not made available to the Administrative Agent by such Lender
within three Business Days of the Closing Date, the Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum applicable to Base Rate Loans, on demand, from the Borrower. 

(e) Unless the Administrative Agent shall have been notified in writing by the Borrower prior to the date of any payment due to be made
by the Borrower hereunder that the Borrower will not make such payment to the Administrative Agent, the Administrative Agent may assume that the Borrower is making such payment, and the Administrative Agent may, but shall not be required to, in
reliance upon such assumption, make available to the Lenders their respective pro rata shares of a corresponding amount. If such payment is not made to the Administrative Agent by the Borrower within three Business Days after such due
date, the Administrative Agent shall be entitled to recover, on demand, from each Lender to which any amount which was made available pursuant to the preceding sentence, such amount with interest thereon at the rate per annum equal to the daily
average Federal Funds Effective Rate. Nothing herein shall be deemed to limit the rights of the Administrative Agent or any Lender against the Borrower. 
 (f) Notwithstanding anything in this Section 3.8 or in any of the Loan Documents to the contrary, in the event that the Loans shall have become due and payable, and the Commitments shall have
been terminated, pursuant to Article 8, any amounts received by the Administrative Agent from the Loan Parties or their Subsidiaries in respect of the Borrower’s Obligations shall be applied in the following order of priority:

 (i) First, to reimburse the Administrative Agent for its fees, costs and expenses pursuant to the Loan
Documents; 

  
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 (ii) Second, to pay unpaid interest accrued on the Loans; 

(iii) Third, to pay all other outstanding Obligations (whether or not contingent) under, out of, or in connection with any
of the Loan Documents, including the outstanding principal of the Loans; 
 (iv) Fourth, once all of the
Obligations (whether or not contingent) have been indefeasibly paid in full, to the Borrower. 
 Section 3.9.
Requirements of Law. 
 (a) If the adoption of or any change in any Requirement of Law or in the interpretation or
application thereof or compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made subsequent to the date hereof: 

(i) shall subject any Lender to any tax, levy, impost, duty, assessment, charge, fee, deduction or withholding (together
with interest, penalties and other additions thereto) of any kind whatsoever with respect to this Agreement or any Eurodollar Loan made by it or any of its obligations hereunder or any payments to such Lender (or its applicable lending office) of
principal, interest, fees or any other amount payable hereunder or on the Loans, commitments or other obligations of such Lender or its deposits, reserves, liabilities or capital attributable thereto, or shall change the basis of taxation of
payments to such Lender in respect thereof (except for Non-Excluded Taxes covered by Section 3.10 and changes in the rate of tax on the overall net income of such Lender); 

(ii) shall impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against
assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Lender that is not otherwise included in the determination of the
Eurodollar Rate hereunder; or 
 (iii) shall impose any other condition on or affecting such Lender (or its
applicable lending office) or any company controlling such Lender or such Lender’s obligations hereunder or the London interbank market; 

and the result of any of the foregoing is to increase the cost to such Lender, by an amount that such Lender deems to be material, of making, converting
into, continuing or maintaining Eurodollar Loans, or to reduce any amount receivable hereunder in respect thereof, then, in any such case, the Borrower shall promptly pay such Lender, upon its demand, any additional amounts necessary to compensate
such Lender for such increased cost or reduced amount receivable. If any Lender becomes entitled to claim, and determines that it will claim, any additional amounts pursuant to this paragraph, it shall promptly notify the Borrower (with a copy to
the Administrative Agent) of the event by reason of which it has become so entitled. 

  
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 (b) If any Lender shall have determined that the adoption of or any change in any
Requirement of Law regarding capital adequacy or liquidity or in the interpretation or application thereof or compliance by such Lender or any company controlling such Lender with any request or directive regarding capital adequacy or liquidity
(whether or not having the force of law) from any Governmental Authority made subsequent to the date hereof shall have the effect of reducing the rate of return on such Lender’s or such company’s capital as a consequence of its obligations
hereunder to a level below that which such Lender or such company could have achieved but for such adoption, change or compliance (taking into consideration such Lender’s or such company’s policies with respect to capital adequacy or
liquidity) by an amount deemed by such Lender to be material, then from time to time, after submission by such Lender to the Borrower (with a copy to the Administrative Agent) of a written request therefor, the Borrower shall pay to such Lender such
additional amount or amounts as will compensate such Lender or such company for such reduction. 
 (c) A certificate as to any
additional amounts payable pursuant to this Section submitted by any Lender to the Borrower (with a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. The obligations of the Borrower pursuant to this Section
shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 
 (d)
Notwithstanding anything in this Section 3.9 to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and
(ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities,
in each case pursuant to Basel III shall, in each case, for all purposes of this Section 3.9, be deemed to have been Requirements of Law adopted after the date hereof. 

  
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 Section 3.10. Taxes. 

(a) All payments made by the Borrower under this Agreement shall be made free and clear of, and without deduction or withholding for or
on account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority, excluding net
income taxes and franchise taxes (imposed in lieu of net income taxes) imposed on the Administrative Agent or any Lender as a result of a present or former connection between the Administrative Agent or such Lender and the jurisdiction of the
Governmental Authority imposing such tax or any political subdivision or taxing authority thereof or therein (other than any such connection arising solely from the Administrative Agent or such Lender having executed, delivered or performed its
obligations or received a payment under, or enforced, this Agreement or any other Loan Document). If any such non-excluded taxes, levies, imposts, duties, charges, fees, deductions or withholdings (“Non-Excluded Taxes”) or Other
Taxes are required to be withheld from any amounts payable to the Administrative Agent or any Lender hereunder, (i) the Borrower shall notify the Administrative Agent of any such requirement or any change in any such requirement as soon as the
Borrower becomes aware of it; (ii) the Borrower shall pay any such tax before the date on which penalties attach thereto, such payment to be made (if the liability to pay is imposed on any Loan Party) for its own account or (if the liability is
imposed on the Administrative Agent or such Lender, as the case may be) on behalf of and in the name of the Administrative Agent or such Lender; and (iii) the amounts so payable to the Administrative Agent or such Lender shall be increased to
the extent necessary to yield to the Administrative Agent or such Lender (after payment of all Non-Excluded Taxes and Other Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts specified in this Agreement,
provided, however, that the Borrower shall not be required to increase any such amounts payable to any Lender with respect to any Non-Excluded Taxes (i) that are attributable to such Lender’s failure to comply with the requirements of
paragraph (d), (e) or (f) of this Section or (ii) that are United States withholding taxes imposed on amounts payable to such Lender at the time such Lender becomes a party to this Agreement, except to the extent that such
Lender’s assignor (if any) was entitled, at the time of assignment, to receive additional amounts from the Borrower with respect to such Non-Excluded Taxes pursuant to this paragraph. 

(b) In addition, the Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law.

 (c) Whenever any Non-Excluded Taxes or Other Taxes are payable by the Borrower, as promptly as possible thereafter the
Borrower shall send to the Administrative Agent for their own account or for the account of the Administrative Agent or Lender, as the case may be, a certified copy of an original official receipt received by the Borrower showing payment thereof. If
the Borrower fails to pay any Non-Excluded Taxes or Other Taxes when due to the appropriate taxing authority or fails to remit to the Administrative Agent the required receipts or other required documentary evidence, the Borrower shall indemnify the
Administrative Agent and the Lenders for any incremental taxes, interest or penalties that may become payable by the Administrative Agent or any Lender as a result of any such failure. 

  
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 (d) Each Lender (or Transferee) that is not a “U.S. Person” as defined in
Section 7701(a)(30) of the Code (a “Non-U.S. Lender”) shall deliver to the Borrower and the Administrative Agent (or, in the case of a Participant, to the Lender from which the related participation shall have been purchased)
two copies of either U.S. Internal Revenue Service Form W-8BEN or Form W-8ECI, or, in the case of a Non-U.S. Lender claiming exemption from U.S. federal withholding tax under Section 871(h) or 881(c) of the Code with respect to payments of
“portfolio interest”, a statement substantially in the form of Exhibit F and a Form W-8BEN, or any subsequent versions thereof or successors thereto, properly completed and duly executed by such Non-U.S. Lender claiming complete exemption
from, or a reduced rate of, U.S. federal withholding tax on all payments by the Borrower under this Agreement and the other Loan Documents. Such forms shall be delivered by each Non-U.S. Lender on or before the date it becomes a party to this
Agreement (or, in the case of any Participant, on or before the date such Participant purchases the related participation). In addition, each Non-U.S. Lender shall deliver such forms promptly upon the obsolescence or invalidity of any form
previously delivered by such Non-U.S. Lender. Each Non-U.S. Lender shall promptly notify the Borrower at any time it determines that it is no longer in a position to provide any previously delivered certificate to the Borrower (or any other form of
certification adopted by the U.S. taxing authorities for such purpose). Notwithstanding any other provision of this paragraph, a Non-U.S. Lender shall not be required to deliver any form pursuant to this paragraph that such Non-U.S. Lender is not
legally able to deliver. 
 (e) A Lender that is entitled to an exemption from or reduction of non-U.S. withholding tax under
the law of the jurisdiction in which the Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or
times prescribed by applicable law or reasonably requested by the Borrower, such properly completed and executed documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate,
provided that such Lender is legally entitled to complete, execute and deliver such documentation and in such Lender’s judgment such completion, execution or submission would not materially prejudice the legal position of such Lender.

 (f) If a payment made to a Lender under any Loan Document would be subject to U.S. Federal withholding tax imposed by FATCA
if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative
Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the
Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender
has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 3.11(f), “FATCA” shall include any amendments made to FATCA
after the date of this Agreement. 
 (g) The agreements in this Section shall survive the termination of this Agreement and the
payment of the Loans and all other amounts payable hereunder. 

  
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 Section 3.11. Indemnity. The Borrower agrees to indemnify each Lender and the
Administrative Agent and to hold each Lender and the Administrative Agent harmless from any loss or expense that such Lender may sustain or incur as a consequence of (a) default by the Borrower in making a borrowing of, conversion into or
continuation of Eurodollar Loans after the Borrower has given a notice requesting the same in accordance with the provisions of this Agreement, (b) default by the Borrower in making any prepayment of or conversion from Eurodollar Loans after
the Borrower has given a notice thereof in accordance with the provisions of this Agreement or (c) the making of a prepayment of Eurodollar Loans on a day that is not the last day of an Interest Period with respect thereto. Such indemnification
may include an amount equal to the excess, if any, of (i) the amount of interest that would have accrued on the amount so prepaid, or not so borrowed, converted or continued, for the period from the date of such prepayment or of such failure to
borrow, convert or continue to the last day of such Interest Period (or, in the case of a failure to borrow, convert or continue, the Interest Period that would have commenced on the date of such failure) in each case at the applicable rate of
interest for such Eurodollar Loans provided for herein (excluding, however, the Applicable Margin included therein, if any) over (ii) the amount of interest (as reasonably determined by such Lender) that would have accrued to such Lender on
such amount by placing such amount on deposit for a comparable period with leading banks in the interbank eurodollar market. A certificate as to any amounts payable pursuant to this Section submitted to the Borrower by any Lender shall be conclusive
in the absence of manifest error. This covenant shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 
 Section 3.12. Change of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 3.9 or 3.10(a) 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 affected by such event with the object of avoiding the consequences of
such event; provided, that such designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its lending office(s) to suffer no economic, legal or regulatory disadvantage, and provided, further, that nothing in this
Section shall affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to Section 3.9 or 3.10(a). 
 Section 3.13. Replacement of Lenders. The Borrower shall be permitted to replace any Lender that requests reimbursement for amounts owing pursuant to Section 3.9 or 3.10(a);
provided that (i) such replacement does not conflict with any Requirement of Law, (ii) no Event of Default shall have occurred and be continuing at the time of such replacement, (iii) prior to any such replacement, such Lender shall
have taken no action under Section 3.12 so as to eliminate the continued need for payment of amounts owing pursuant to Section 3.9 or 3.10(a), (iv) the replacement financial institution shall purchase, at par, all
Loans and other amounts owing to such replaced Lender on or prior to the date of replacement, (v) the Borrower shall be liable to such replaced Lender under Section 3.11 if any Eurodollar Loan owing to such replaced Lender shall be
purchased other than on the last day of the Interest Period relating thereto, (vi) the replacement financial institution, if not already a Lender, shall be reasonably satisfactory to the Administrative Agent, (vii) the replaced Lender
shall be obligated to make such replacement in accordance with the provisions of Section 10.6 (provided that the Borrower shall be obligated to pay the registration and processing fee referred to therein), (viii) until such time as
such replacement shall be consummated, the Borrower shall pay all additional amounts (if any) 

  
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required pursuant to Section 3.9 or 3.10(a), as the case may be, and (ix) any such replacement shall not be deemed to be a waiver of any rights that the Borrower, the
Administrative Agent or any other Lender shall have against the replaced Lender. 
 Section 3.14. Evidence of Debt.

 (a) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing indebtedness of the
Borrower to such Lender resulting from each Loan of such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. 

(b) The Administrative Agent, on behalf of the Borrower, shall maintain the Register pursuant to Section 10.6(c), and a
subaccount therein for each Lender, in which shall be recorded (i) the amount of each Loan made hereunder and the Note evidencing such Loan, the Type of such Loan and each Interest Period applicable thereto, (ii) the amount of any
principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) both the amount of any sum received by the Administrative Agent hereunder from the Borrower and each Lender’s share
thereof. 
 (c) The entries made in the Register and the accounts of each Lender maintained pursuant to
Section 3.14(a) shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded; provided, however, that the failure
of any Lender or the Administrative Agent to maintain the Register or any such account, or any error therein, shall not in any manner affect the obligation of the Borrower to repay (with applicable interest) the Loans made to the Borrower by such
Lender in accordance with the terms of this Agreement. 
 (d) The Loans hereunder shall at all times be evidenced by Notes. All
the Loans outstanding hereunder at any time shall initially be evidenced by a promissory note of the Borrower substantially in the form of Exhibit D-1, with appropriate insertions as to date and principal amount, which the Borrower will
execute and deliver to the Administrative Agent (the “Master Note”). In the event that any Lender shall deliver to the Borrower and the Administrative Agent a notice requesting a separate promissory note to evidence its Loans, the
Borrower shall execute and deliver to the Administrative Agent, for delivery to such Lender, a promissory note of the Borrower substantially in the form of Exhibit D-2 (a “Lender Note”), dated the date of the Master Note and
in a principal amount equal to the aggregate principal amount of the Loans of such Lender, and the principal amount of the Master Note shall be automatically reduced by the principal amount of such Lender Note. Each assignment and transfer of, or
sale of a participation in, a Loan (other than a Loan evidenced by a Lender Note) pursuant to Section 10.6 shall constitute an assignment and transfer of, or the sale of a participation in, an undivided interest in the Master Note equal
to the principal amount of such Loan. 
 Section 3.15. Illegality. Notwithstanding any other provision herein, if
the adoption of or any change in any Requirement of Law or in the interpretation or application thereof shall make it unlawful for any Lender to make or maintain Eurodollar Loans as contemplated by this Agreement, (a) the commitment of such
Lender hereunder to make Eurodollar Loans, continue 

  
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Eurodollar Loans as such and convert Base Rate Loans to Eurodollar Loans shall forthwith be canceled and (b) such Lender’s Loans then outstanding as Eurodollar Loans, if any, shall be
converted automatically to Base Rate Loans on the respective last days of the then current Interest Periods with respect to such Loans or within such earlier period as required by law. If any such conversion of a Eurodollar Loan occurs on a day
which is not the last day of the then current Interest Period with respect thereto, the Borrower shall pay to such Lender such amounts, if any, as may be required pursuant to Section 3.11. 

Section 3.16. Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or
otherwise, obtain payment in respect of any principal of or interest on any of the Loans made by it resulting in such Lender’s receiving payment of a proportion of the aggregate amount of such Loans and accrued interest thereon greater than its
pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans of the other
Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans,
provided that: 
 (a) if any such participations are purchased and all or any portion of the payment giving rise thereto is
recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 
 (b) the provisions of this Section shall not be construed to apply to (x) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or (y) any
payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than to the Borrower or any Subsidiary thereof (as to which the provisions of this Section shall
apply). 
 Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender
acquiring a participation pursuant to the foregoing arrangements may exercise against such Loan Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Loan Party in the
amount of such participation. 
 ARTICLE 4. 
 REPRESENTATIONS AND WARRANTIES 
 To induce the Administrative Agent and the
Lenders to enter into this Agreement and to make the Loans, the Borrower hereby represents and warrants to the Administrative Agent and each Lender on the Closing Date that: 
 Section 4.1. Financial Condition. The audited consolidated balance sheet of the Borrower as at December 31, 2011 and the related consolidated statement of operations and of cash flows for
the fiscal year ended on such date, reported on by and accompanied by an unqualified report from PricewaterhouseCoopers, present fairly the consolidated financial condition of the Borrower as at such date, and the consolidated results of operations
and 

  
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consolidated cash flows for the fiscal year then ended. The unaudited consolidated balance sheet of the Borrower as at March 31, 2012 and the related consolidated statement of operations and
of cash flows for the three fiscal quarter period ended on such date, reported on by the Borrower, present fairly the consolidated financial condition of the Borrower as at such date, and the consolidated results of operations and consolidated cash
flows for the three months ended on such date. All such financial statements, including the related schedules and notes thereto, have been prepared in accordance with GAAP applied consistently throughout the periods involved (except as approved by
the aforementioned firm of accountants and disclosed therein). Except as set forth on Schedule 4.1, no Group Member has any material Guarantee Obligations, contingent liabilities or liabilities for taxes, or any long-term leases or unusual
forward or long-term commitments, including any interest rate or foreign currency swap or exchange transaction or other obligation in respect of derivatives, that are not reflected in the most recent financial statements referred to in this
paragraph. Unless otherwise disclosed in writing to the Lenders prior to the date hereof, during the period from December 31, 2011, to and including the date hereof there has been no Disposition by the Borrower of any material part of its
business or property. 
 Section 4.2. No Change. Since September 30, 2010 there has been no development or
event that has had or could reasonably be expected to have a Material Adverse Effect. 
 Section 4.3. Existence;
Compliance with Law. Each Group Member (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has the power and authority, and the legal right, to own and operate its
property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign corporation, partnership or limited liability company and in good standing under the laws of
each jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification and (d) is in compliance with all Requirements of Law except to the extent that the failure to comply therewith
could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 Section 4.4. Power;
Authorization; Enforceable Obligations. Each Loan Party has the power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to obtain extensions of credit
hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the extensions of credit on the
terms and conditions of this Agreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the transactions contemplated hereby and
the extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the Loan Documents, except consents, authorizations, filings and notices described in Schedule 4.4, which
consents, authorizations, filings and notices have been obtained or made and are in full force and effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party thereto. This Agreement constitutes, and each other Loan
Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 

  
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 Section 4.5. No Legal Bar. The execution, delivery and performance of this
Agreement and the other Loan Documents, the borrowings hereunder and the use of the proceeds thereof will not violate any Requirement of Law or any Contractual Obligation of the Borrower or any of its Subsidiaries and will not result in, or require,
the creation or imposition of any Lien on any of their respective properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation. 
 Section 4.6. Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or
against the Borrower or any of its Subsidiaries or against any of their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby or (b) that, except as set
forth on Schedule 4.6, could reasonably be expected to have a Material Adverse Effect. 
 Section 4.7. No
Default. Neither the Borrower nor any of its Subsidiaries is in default under or with respect to any of its Contractual Obligations in any respect that could reasonably be expected to have a Material Adverse Effect. No Default or Event of
Default has occurred and is continuing. No “Default” or “Event of Default” has occurred and is continuing under and as defined in the Revolving Credit Agreement. 

Section 4.8. Ownership of Property; Liens. Each Group Member has good and defensible title to all of its material properties
and assets, free and clear of all Liens other than Liens permitted under Section 7.3 and of all impediments to the use of such properties and assets in such Group Member’s business, except that no representation or warranty is made
with respect to any oil, gas or mineral property or interest to which no proved oil or gas reserves are properly attributed. Except for Liens permitted under Section 7.3, each Loan Party will respectively own in the aggregate, in all
material respects, the net interests in production attributable to all material wells and units owned by the Loan Party. The ownership of such properties shall not in the aggregate in any material respect obligate such Loan Party to bear the costs
and expenses relating to the maintenance, development and operations of such properties in an amount materially in excess of the working interest of such properties. Each Loan Party has paid all royalties payable under the oil and gas leases to
which it is operator, except those contested in accordance with the terms of the applicable joint operating agreement or otherwise contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have
been provided on the books of the Borrower or its Subsidiaries, as the case may be. 
 Section 4.9. Intellectual
Property. The Borrower and each of its Subsidiaries owns, or is licensed to use, all Intellectual Property necessary for the conduct of its business as currently conducted. No material claim has been asserted and is pending by any Person
challenging or questioning the use of any Intellectual Property or the validity or effectiveness of any Intellectual Property, nor does the Borrower know of any valid basis for any such claim. The use of Intellectual Property by the Borrower and its
Subsidiaries does not infringe on the rights of any Person in any material respect. 

  
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 Section 4.10. Taxes. The Borrower and each of its Subsidiaries has filed or
caused to be filed all Federal, state and other material tax returns that are required to be filed and has paid all taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all other taxes,
fees or other charges imposed on it or any of its property by any Governmental Authority (other than any the amount or validity of which are currently being contested in good faith by appropriate proceedings and with respect to which reserves in
conformity with GAAP have been provided on the books of the Borrower or its Subsidiaries, as the case may be); no tax Lien has been filed, and, to the knowledge of the Borrower, no claim is being asserted, with respect to any such tax, fee or other
charge. 
 Section 4.11. Federal Regulations. No part of the proceeds of any Loans will be used for
“buying” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect or for any purpose that violates the provisions of
the Regulations of the Board. If requested by any Lender or the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3 or FR
Form U-1, as applicable, referred to in Regulation U. 
 Section 4.12. Labor Matters. Except as, in the aggregate,
could not reasonably be expected to have a Material Adverse Effect: (a) there are no strikes or other labor disputes against any Group Member pending or, to the knowledge of the Borrower, threatened; (b) hours worked by and payment made to
employees of each Group Member have not been in violation of the Fair Labor Standards Act or any other applicable Requirement of Law dealing with such matters; and (c) all payments due from any Group Member on account of employee health and
welfare insurance have been paid or accrued as a liability on the books of the relevant Group Member. 
 Section 4.13.
ERISA. Neither a Reportable Event nor an “accumulated funding deficiency” (within the meaning of Section 412 of the Code or Section 302 of ERISA) has occurred during the five-year period prior to the date on which this
representation is made or deemed made with respect to any Plan, and each Plan has complied in all material respects with the applicable provisions of ERISA and the Code. No termination of a Single Employer Plan has occurred, and no Lien in favor of
the PBGC or a Plan has arisen, during such five-year period. The present value of all accrued benefits under each Single Employer Plan (based on those assumptions used to fund such Plans) did not, as of the last annual valuation date prior to the
date on which this representation is made or deemed made, exceed the value of the assets of such Plan allocable to such accrued benefits by a material amount. Neither the Borrower nor any Commonly Controlled Entity has had a complete or partial
withdrawal from any Multiemployer Plan that has resulted or could reasonably be expected to result in a material liability under ERISA, and neither the Borrower nor any Commonly Controlled Entity would become subject to any material liability under
ERISA if the Borrower or any such Commonly Controlled Entity were to withdraw completely from all Multiemployer Plans as of the valuation date most closely preceding the date on which this representation is made or deemed made. No such Multiemployer
Plan is in Reorganization or Insolvent. 
 Section 4.14. Investment Company Act; Other Regulations. No Loan Party is
an “investment company”, or a company “controlled” by an “investment company”, within the 

  
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meaning of the Investment Company Act of 1940, as amended. No Loan Party is subject to regulation under any Requirement of Law (other than Regulation X of the Board) that limits its ability to
incur Indebtedness. 
 Section 4.15. Subsidiaries. (a) Schedule 4.15(a) sets forth the name and
jurisdiction of incorporation, organization or formation of each Subsidiary and, as to each such Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party and (b) except as set forth on Schedule 4.15(b), there are
no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock options granted to employees or directors and directors’ qualifying shares) of any nature relating to any Capital Stock of any
Subsidiary. 
 Section 4.16. Use of Proceeds. The proceeds of the Loans shall be used for general corporate purposes
of the Borrower and its Subsidiaries. 
 Section 4.17. Environmental Matters. 

(a) The facilities and properties owned, leased or operated by any Group Member (the “Properties”) do not contain, and
have not previously contained, any Materials of Environmental Concern in amounts or concentrations or under circumstances that constitute or constituted a violation of, or have given rise to material liability under, any Environmental Law.

 (b) No Group Member has received or is aware of any material notice of violation, alleged violation, non-compliance,
liability or potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Properties or the business operated by any Group Member (the “Business”), nor does the Borrower has
knowledge or reason to believe that any such notice will be received or is being threatened. 
 (c) Materials of Environmental
Concern have not been transported or disposed of from the Properties in violation of, or in a manner or to a location that could give rise to liability under, any Environmental Law, nor have any Materials of Environmental Concern been generated,
treated, stored or disposed of at, on or under any of the Properties in violation of, or in a manner that could give rise to liability under, any applicable Environmental Law. 
 (d) Except as set forth on Schedule 4.17(d), no material judicial proceeding or governmental or administrative action is pending or, to the knowledge of the Borrower, threatened, under any
Environmental Law to which any Group Member is or will be named as a party with respect to the Properties or the Business, nor are there any material consent decrees or other decrees, consent orders, administrative orders or other orders, or other
administrative or judicial requirements outstanding under any Environmental Law with respect to the Properties or the Business. 

(e) There has been no release or threat of release of Materials of Environmental Concern at or from the Properties, or arising from or
related to the operations of any Group Member in connection with the Properties or otherwise in connection with the Business, in violation of or in amounts or in a manner that could give rise to material liability under Environmental Laws.

  
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 (f) Except as set forth on Schedule 4.17(f), the Properties and all operations at the
Properties are in material compliance, and, to the knowledge of the Borrower, have in the last five years been in material compliance, with all applicable Environmental Laws, and there is no material contamination at, under or about the Properties
or violation of any Environmental Law with respect to the Properties or the Business. 
 (g) No Group Member has assumed any
liability of any other Person under Environmental Laws, other than as a result of a merger or consolidation of such Person into a Group Member or in connection with an asset acquisition, and then only with respect to the acquired assets, in each
case where the transaction did not result in the assumption of any known material liabilities. 
 Section 4.18. Accuracy
of Information, etc. No statement or information contained in this Agreement, any other Loan Document or other document, certificate or statement furnished by or on behalf of any Loan Party to the Administrative Agent or the Lenders, or any of
them, for use in connection with the transactions contemplated by this Agreement or the other Loan Documents, contained as of the date such statement, information, document or certificate was so furnished, any untrue statement of a material fact or
omitted to state a material fact necessary to make the statements contained herein or therein not misleading. The projections and pro forma financial information contained in the materials referenced above are based upon good faith estimates and
assumptions believed by management of the Borrower to be reasonable at the time made, it being recognized by the Lenders that such financial information as it relates to future events is not to be viewed as fact and that actual results during the
period or periods covered by such financial information may differ from the projected results set forth therein by a material amount. There is no fact known to any Loan Party that could reasonably be expected to have a Material Adverse Effect that
has not been expressly disclosed herein, in the other Loan Documents or in any other documents, certificates and statements furnished to the Administrative Agent and the Lenders for use in connection with the transactions contemplated hereby and by
the other Loan Documents. 
 Section 4.19. Solvency. Each Loan Party is, and after giving effect to the incurrence
of all Indebtedness and obligations being incurred in connection herewith will be, and will continue to be, Solvent. 

Section 4.20. Guarantors; Immaterial Subsidiaries. Each Group Member (other than the Borrower) that is not an Immaterial
Subsidiary is a Guarantor. Each Immaterial Subsidiary is an “Immaterial Subsidiary” under and as defined in the Revolving Credit Agreement. 
 ARTICLE 5. 
 CONDITIONS PRECEDENT 

Section 5.1. Conditions Precedent. This Agreement shall become effective when the Administrative Agent shall have received
this Agreement executed and delivered by the Administrative Agent, the Borrower and each Lender listed on Schedule 1.1. The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the
satisfaction of, among other things, the following conditions precedent (the date upon which all such conditions precedent shall be satisfied, the “Closing Date”). 

  
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 (a) Guarantee Agreement. The Administrative Agent shall have received the Guarantee
Agreement, executed and delivered by each Subsidiary Guarantor. 
 (b) Approvals. All governmental and third party
approvals necessary or, in the discretion of the Administrative Agent, advisable in connection with the transactions contemplated hereby and the continuing operations of the Borrower and its Subsidiaries shall have been obtained and be in full force
and effect, and all applicable waiting periods shall have expired without any action being taken or threatened by any competent authority which would restrain, prevent or otherwise impose adverse conditions on the transactions contemplated hereby.

 (c) Fees. The Lenders and the Administrative Agent shall have received all fees and expenses required to be paid
hereunder or under the Arranger Letters, and all expenses of the Administrative Agent and the Arrangers for which invoices have been presented (including the reasonable fees and expenses of legal counsel), on or before the Closing Date. All such
amounts will be paid with proceeds of Loans made on the Closing Date and will be reflected in the funding instructions given by the Borrower to the Administrative Agent on or before the Closing Date. 

(d) Closing Certificate. The Administrative Agent shall have received a certificate of each Loan Party, dated the Closing Date,
substantially in the form of Exhibit C, with appropriate insertions and attachments. 
 (e) Legal Opinions. The
Administrative Agent shall have received the following executed legal opinions: 
 (i) the legal opinion of
Bracewell & Giuliani LLP, counsel to the Borrower and its Subsidiaries, satisfactory in form and substance to the Administrative Agent; and 
 (ii) the legal opinion of Commercial Law Group, P.C., counsel to the Borrower and its Subsidiaries, satisfactory in form and substance to the Administrative Agent. 

Each such legal opinion shall cover such other matters incident to the transactions contemplated by this Agreement as the Administrative Agent may
reasonably require. 
 (f) Solvency Certificate. Each of the Lenders shall have received and shall be satisfied with a
solvency certificate of a Responsible Officer of the Borrower which shall document the solvency of the Borrower and its subsidiaries after giving effect to the transactions contemplated hereby. 

(g) Section 7.10. No event or circumstance shall have occurred or shall exist that would have constituted a Default under
Section 7.10 had the restrictions of such Section been applicable at all times between the date hereof and the Closing Date. 
 (h) Representations and Warranties. Each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects on and
as of such date as if made on and as of such date. 

  
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 (i) No Default. No Default or Event of Default shall have occurred and be continuing
on such date or after giving effect to the extensions of credit requested to be made on such date. 
 (j) Revolving Credit
Agreement. No “Default” or “Event of Default” shall have occurred and be continuing under and as defined in the Revolving Credit Agreement on such date or after giving effect to Loans requested to be made on such date. The
Borrower shall have delivered to the administrative agent under the Revolving Credit Agreement, with a copy to the Administrative Agent, the certificates required to be delivered under Section 7.2(k) of the Revolving Credit Agreement and under
the corresponding Section of the Borrower’s Amended and Restated Facility Agreement dated as of February 4, 2011, in connection with the borrowing of the Loans hereunder. 
 The borrowing by the Borrower hereunder shall constitute a representation and warranty by the Borrower as of the date thereof that the conditions contained in paragraphs (h), (i) and (j) of this
Section 5.1 have been satisfied. 
 ARTICLE 6. 

AFFIRMATIVE COVENANTS 
 The Borrower hereby agrees that, so long as the Commitments remain in effect or any Loan or other amount is owing to any Lender or Administrative Agent hereunder, the Borrower shall and shall cause each
Group Member to: 
 Section 6.1. Financial Statements. Furnish to the Administrative Agent and each Lender:

 (a) as soon as available, but in any event within 95 days after the end of each fiscal year of the Borrower beginning
with the fiscal year ended December 31, 2012, (i) a copy of the audited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such year and the related audited consolidated statements of operations
and cash flows for such year, setting forth in each case in comparative form the figures for the previous year, reported on without a “going concern” or like qualification or exception, or qualification arising out of the scope of the
audit, by a Registered Public Accounting Firm selected by the Borrower and acceptable to the Administrative Agent, and (ii) to the extent that there are any Unrestricted Subsidiaries at such fiscal year end, the unaudited consolidated balance
sheets of the Borrower and the Group Members as at the end of such fiscal year and the related unaudited consolidated statements of operations and cash flows of the Borrower and the Group Members for such year setting forth in each case in
comparative form the figures for the previous year certified by a Responsible Officer as being fairly stated in all material respects; and 
 (b) as soon as available, but in any event not later than 50 days after the end of each of the first three quarterly periods of each fiscal year of the Borrower, the unaudited consolidated balance sheet
of the Borrower and its consolidated Subsidiaries and the related unaudited consolidated statements of operations and, to the extent there are any Unrestricted Subsidiaries at such fiscal quarter end, the balance sheet of the Borrower and the Group
Members and related unaudited consolidated statements of operations, in each case as at the end of such quarter and the portion of the fiscal year through the end of such quarter, setting forth in

  
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each case in comparative form the figures for the previous year, certified by a Responsible Officer as being fairly stated in all material respects (subject to normal year-end audit adjustments).

 All such financial statements shall be complete and correct in all material respects and shall be prepared in reasonable detail and in
accordance with GAAP applied consistently throughout the periods reflected therein and with prior periods (except as approved by such accountants or officer, as the case may be, and disclosed therein) and applicable Securities Laws. 

Section 6.2. Certificates; Other Information. Furnish to the Administrative Agent who will forward to each Lender (or, in the
case of clause (c), to the relevant Lender): 
 (a) concurrently with the delivery of any financial statements pursuant to
Section 6.1, (i) a certificate of a Responsible Officer of the Borrower stating that, to the best of such Responsible Officer’s knowledge, each Loan Party during such period has observed or performed all of its covenants and
other agreements, and satisfied every condition, contained in this Agreement and the other Loan Documents to which it is a party to be observed, performed or satisfied by it, and that such Responsible Officer has obtained no knowledge of any Default
or Event of Default except as specified in such certificate and (ii) in the case of quarterly or annual financial statements, a Compliance Certificate containing all information and calculations necessary for determining compliance by each
Group Member with the provisions of this Agreement referred to therein as of the last day of the fiscal quarter or fiscal year of the Borrower, as the case may be; and 
 (b) promptly, such additional financial and other information as any Lender may from time to time reasonably request. 
 The Borrower hereby acknowledges that (a) the Administrative Agent will make available to the Lenders materials and/or information provided by or on behalf of the Borrower hereunder (collectively,
“Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the “Platform”) and (b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders
that do not wish to receive material non-public information with respect to the Borrower or their securities) (each, a “Public Lender”). The Borrower hereby agrees that so long as the Borrower is the issuer of any outstanding debt
or equity securities that are registered or issued pursuant to a private offering or is actively contemplating issuing any such securities (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and
conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to
have authorized the Administrative Agent and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to the Borrower or its securities for purposes of United States Federal and state securities
laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.15); (y) all Borrower Materials marked “PUBLIC” are permitted to be
made available through a portion of the Platform designated “Public Investor;” and (z) the Administrative Agent shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for
posting on a portion of the Platform not designated “Public Investor.” Notwithstanding the foregoing, the Borrower shall be under no obligation to mark any Borrower Materials “PUBLIC.” 

  
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 Section 6.3. Payment of Obligations. Pay, discharge or otherwise satisfy at or
before maturity or before they become delinquent, as the case may be, all its material obligations of whatever nature (including, for the avoidance of doubt, tax liabilities), except where the amount or validity thereof is currently being contested
in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the relevant Group Member. 
 Section 6.4. Maintenance of Existence; Compliance. (a) (i) Preserve, renew and keep in full force and effect its existence and (ii) take all reasonable action to maintain all
rights, privileges and franchises necessary or desirable in the normal conduct of its business, except, in each case, as otherwise permitted by Section 7.4 and except, in the case of clause (ii) above, to the extent that failure to
do so could not reasonably be expected to have a Material Adverse Effect; and (b) comply with all Contractual Obligations and Requirements of Law except to the extent that failure to comply therewith could not, in the aggregate, reasonably be
expected to have a Material Adverse Effect. 
 Section 6.5. Maintenance of Property; Insurance. 

(a) (i) Do or cause to be done all things reasonably necessary to preserve and keep in good repair, working order and efficiency
(ordinary wear and tear excepted) all of the properties owned by each Group Member, including without limitation, all equipment, machinery and facilities, and (ii) make all the reasonably necessary repairs, renewals and replacements so that at
all times the state and condition of the properties owned by each Group Member will be fully preserved and maintained, except to the extent a portion of such properties are oil and gas properties no longer capable of producing hydrocarbons in
economically reasonable amounts. 
 (b) Promptly pay and discharge or cause to be paid and discharged all delay rentals,
royalties, expenses and indebtedness accruing under, and perform or cause to be performed each and every act, matter or thing required by, each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests
in its properties and will do all other things necessary to keep unimpaired each Group Member’s rights with respect thereto and prevent any forfeiture thereof or a default thereunder, except to the extent such assignments, deeds, leases,
sub-leases, contracts and agreements are allowed to expire in the ordinary course of such Group Member’s business, or a portion of oil and gas properties is no longer capable of producing hydrocarbons in economically reasonable amounts.

 (c) Operate its properties or cause or use commercially reasonable efforts to cause such properties to be operated in a
careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance in all material respects with all laws. 

(d) Maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against
at least such risks (but including 

  
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in any event general liability) as are usually insured against in the same general area by companies engaged in the same or a similar business and in any case no less comprehensive in scope than
that maintained by the Borrower and its Subsidiaries as of the date hereof. 
 Section 6.6. Inspection of Property;
Books and Records; Discussions. Keep proper books of records and account in which full, true and correct entries in conformity with GAAP and all Requirements of Law shall be made of all dealings and transactions in relation to its business and
activities and permit representatives of any Lender (coordinated through the Administrative Agent) to visit and inspect any of its properties and examine and make abstracts from any of its books and records at any reasonable time and as often as may
reasonably be desired and to discuss the business, operations, properties and financial and other condition of the Group Members with officers and employees of the Group Members and with their independent certified public accountants. 

Section 6.7. Notices. Promptly give notice to the Administrative Agent and each Lender of: 

(a) the occurrence of any Default or Event of Default, and of any “Default” under and as defined in the Revolving Credit
Agreement; 
 (b) any (i) default or event of default under any Contractual Obligation of any Group Member or
(ii) litigation, investigation or proceeding that may exist at any time between any Group Member and any Governmental Authority, that in either case, if not cured or if adversely determined, as the case may be, could reasonably be expected to
have a Material Adverse Effect; 
 (c) any litigation or proceeding affecting any Group Member (i) in which the amount
involved is $125,000,000 or more and not covered by insurance, (ii) in which injunctive or similar relief is sought which, if granted, could reasonably be expected to have a Material Adverse Effect or (iii) which relates to any Loan
Document; 
 (d) the following events, as soon as possible and in any event within 30 days after the Borrower knows or has
reason to know thereof: (i) the occurrence of any Reportable Event with respect to any Plan, a failure to make any required contribution to a Plan, the creation of any Lien in favor of the PBGC or a Plan or any withdrawal from, or the
termination, Reorganization or Insolvency of, any Multiemployer Plan or (ii) the institution of proceedings or the taking of any other action by the PBGC or the Borrower or any Commonly Controlled Entity or any Multiemployer Plan with respect
to the withdrawal from, or the termination, Reorganization or Insolvency of, any Plan; and 
 (e) any development or event that
has had or could reasonably be expected to have a Material Adverse Effect. 
 Each notice pursuant to this Section 6.7 shall be
accompanied by a statement of a Responsible Officer setting forth details of the occurrence referred to therein and stating what action the Borrower or the relevant Group Member proposes to take with respect thereto. 

  
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 Section 6.8. Environmental Laws. 

(a) Comply in all material respects with, and ensure compliance in all material respects by all tenants and subtenants, if any, with, all
applicable Environmental Laws, and obtain and comply in all material respects with and maintain, and ensure that all tenants and subtenants obtain and comply in all material respects with and maintain, any and all licenses, approvals, notifications,
registrations or permits required by applicable Environmental Laws as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters. 

(b) Conduct and complete all investigations, studies, sampling and testing, and all remedial, removal and other actions required under
Environmental Laws and promptly comply in all material respects with all lawful orders and directives of all Governmental Authorities regarding Environmental Laws. 
 (c) Promptly furnish to the Administrative Agent all written notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings received by any Group Member, or
of which it has notice, pending or threatened against any Group Member, by any governmental authority with respect to any alleged violation of or non-compliance in any material respect with any Environmental Laws or any permits, licenses or
authorizations in connection with its ownership or use of its properties or the operation of its business. 
 (d) Promptly
furnish to the Administrative Agent all requests for information, notices of claim, demand letters, and other notifications, received by any Group Member in connection with its ownership or use of its properties or the conduct of its business,
relating to potential responsibility which could if adversely determined result in fines or liability of a material amount with respect to any investigation or clean-up of hazardous material at any location. 

Section 6.9. Guarantees. 
 With respect to any Domestic Subsidiary of the Borrower that becomes a “Loan Party” under and as defined in the Revolving Credit Agreement or that is (x) a new domestic Subsidiary created
or acquired after the date hereof by any Group Member that is neither an Immaterial Subsidiary nor an Unrestricted Subsidiary, (y) a Group Member that ceases to be an Immaterial Subsidiary or (z) a Subsidiary that ceases to be an
Unrestricted Subsidiary, promptly (i) cause such domestic Subsidiary (A) to become a party to the Guarantee Agreement and (B) to deliver to the Administrative Agent a certificate of such Subsidiary, substantially in the form of
Exhibit C, with appropriate insertions and attachments, and (ii) if requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and
substance, and from counsel, reasonably satisfactory to the Administrative Agent. 
 Section 6.10. Designation and
Conversion of Unrestricted Subsidiaries. 
 (a) Unless designated as an Unrestricted Subsidiary as of the date hereof on
Schedule 6.10 or thereafter in compliance with Section 6.10(b), any Person that is or becomes a Subsidiary of the Borrower shall not be classified as an Unrestricted Subsidiary. 

  
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 (b) The Borrower may designate by written notification thereof to the Administrative Agent,
any Subsidiary of the Borrower, including a newly formed or newly acquired Subsidiary, as an Unrestricted Subsidiary if (i) immediately before and immediately after giving pro forma effect to such Investment, no Default shall have occurred and
be continuing, (ii) such Unrestricted Subsidiary will be in compliance with Section 6.10(c), and (iii) the Borrower shall have delivered to the Administrative Agent, prior to the making such designation, a certificate of a
Responsible Officer demonstrating compliance with the provisions of this Section. 
 (c) The Borrower may designate a Subsidiary
of the Borrower to no longer be an Unrestricted Subsidiary (in order to designate it to be a Group Member) if after giving effect to such designation, (i) the representations and warranties of the Group Members 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 designation (or, if stated to have been made expressly as of an earlier date, were true and correct as of such date), (ii) no Default would exist and
(iii) the Borrower complies with the requirements of Section 6.9. 
 No Unrestricted Subsidiary will be the owner or holder of
Indebtedness or Capital Stock of any Group Member nor be the beneficiary of any Lien on any property of any Group Member (other than Liens of the type described in Section 7.3(b)), and no Group Member shall have any outstanding Guarantee
Obligations in respect of obligations of an Unrestricted Subsidiary. 
 Section 6.11. Application of Financing Proceeds
and Net Cash Proceeds. 
 (a) All the Net Cash Proceeds from any Permian Sale and all Financing Proceeds will be applied to
the Specified Applications within 5 Business Days after receipt. The Borrower shall give the Administrative Agent notice not later than one Business Day after receipt of any such Financing Proceeds or Net Cash Proceeds of which Specified Application
it has elected to make. 
 (b) If any Loan shall remain outstanding after Net Cash Proceeds in an aggregate amount equal to or
greater than $2,500,000,000 have been realized in respect of Permian Sales, then all the Net Cash Proceeds from any other sale or monetization of assets other than Ordinary Course Sales by the Borrower or its Subsidiaries, including any VPPs and
joint venture transactions, that individually or together with any related sales and monetizations shall result in Net Cash Proceeds in excess of $25,000,000, will be applied to the Specified Applications within 5 Business Days after receipt. The
Borrower shall give the Administrative Agent notice not later than one Business Day after receipt of any such Net Cash Proceeds of which Specified Application it has elected to make. 

(c) Prior to the first date on which Net Cash Proceeds in an aggregate amount equal to or greater than $2,500,000,000 have been realized
in respect of Permian Sales, 50% of all the Net Cash Proceeds from any other sale or monetization of assets other than Ordinary Course Sales by the Borrower or its Subsidiaries, including any VPPs and joint venture transactions, that individually or
together with any related sales and monetizations shall result in Net Cash Proceeds in excess of $25,000,000, will be applied to the Specified Applications within 5 Business Days after receipt; provided that, prior to September 30, 2012, no
such application 

  
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shall be required to be made pursuant to this paragraph (c) until the aggregate amount of Net Cash Proceeds received from all such sales and monetizations after the Closing Date equals
$2,500,000,000 (and then only the excess over $2,500,000,000 shall be subject to such application). The Borrower shall give the Administrative Agent notice not later than one Business Day after receipt of any such Net Cash Proceeds of which
Specified Application it has elected to make. 
 (d) Prior to or concurrently with any prepayment pursuant to paragraph (a),
(b) or (c) of this Section 6.11, the Borrower (i) shall notify the Administrative Agent of such prepayment and (ii) shall deliver to the Administrative Agent a certificate of a Responsible Officer of the Borrower
setting forth the calculation of the amount of the applicable prepayment. Each such notice shall be irrevocable (except that any such notice delivered prior to the receipt of any Financing Proceeds or Net Cash Proceeds may be revoked if such
Financing Proceeds or Net Cash Proceeds are not subsequently received) and shall specify the prepayment date and the principal amount of each Eurodollar Tranche, if any, or portion thereof, and the principal amount of all Base Rate Loans, to be
prepaid, and may be given by telephone or in writing (and, if given by telephone, shall promptly be confirmed in writing). Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the details thereof. Each
prepayment of any Loans shall be made pro rata according to the respective outstanding principal amounts of the Loans then held by the Lenders. 
 (e) On and following January 1, 2013, each prepayment of Loans that the Borrower elects to make pursuant to this Section 6.11 (other than Purchased Debt Prepayments) shall be accompanied
by payment of the Yield Maintenance Premium in respect of the aggregate principal amount of such Loans. 
 (f) Notwithstanding
the provisions of paragraph (a), (b) or (c) above, in the event that an Unrestricted Subsidiary receives any Financing Proceeds or Net Cash Proceeds, such amount shall not be required to be applied to the Specified Applications until the
fifth Business Day after receipt thereof by a Group Member; provided that all such Financing Proceeds and Net Cash Proceeds received by any Unrestricted Subsidiary that are in excess of the amount reasonably anticipated by the Borrower to be
required for the operations and capital needs of such Unrestricted Subsidiary and its Subsidiaries shall as promptly as practicable be transferred (whether by dividend, distribution, loan or otherwise) to a Group Member. 

(g) Notwithstanding any other provision of this Agreement, in the event that Financing Proceeds are received from any financing
transaction consummated pursuant to the requirements of the Arranger Letters and any Lender (or any of its Affiliates) purchases any of the Indebtedness or securities sold, issued or incurred (the “Purchased Debt”) in that financing
transaction, then, if the Borrower elects to apply such Financing Proceeds to prepay Loans, the Financing Proceeds realized in respect of such Lender’s Purchased Debt will, if such Lender so elects, be applied, first, to prepay Loans of such
Lender prior to being applied to prepay the Loans held by other Lenders on a pro rata basis. In the event that any Lender acquires any Purchased Debt and elects to receive such non-pro rata prepayment, such Lender shall give written notice to the
Administrative Agent to such effect within one Business Day after its acquisition of the Purchased Debt. 

  
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 Section 6.12. Cooperation. 

In connection with any the syndication of the Commitments and Loans hereunder or with the issuance, placement or syndication of any
Indebtedness that will replace this Agreement or refinance the Loans, comply with (including by providing the assistance required by) the Arranger Letters. 
 ARTICLE 7. 
 NEGATIVE COVENANTS 

The Borrower hereby agrees that, so long as the Commitments remain in effect or any Loan or other amount is owing to any Lender or
Administrative Agent hereunder, the Borrower shall not, and shall not permit any Group Member to, directly or indirectly: 

Section 7.1. [reserved] 
 Section 7.2. Indebtedness. Create, issue, incur, assume, become liable in respect of or suffer to exist any Indebtedness, except: 

(a) Indebtedness of any Loan Party pursuant to any Loan Document or any Exchange Note; 

(b) Indebtedness (i) of the Borrower to any Group Member, (ii) of any Subsidiary Guarantor to the Borrower (except in the event
that there has been an acceleration of the maturity of any Obligation) or to any other Group Member, (iii) of any Group Member (other than the Borrower or a Subsidiary Guarantor) to any Group Member (other than the Borrower or a Subsidiary
Guarantor), and (iv) subject to Section 7.7, of any Subsidiary (other than the Borrower or a Subsidiary Guarantor) to the Borrower or any Subsidiary Guarantor; 

(c) Guarantee Obligations incurred in the ordinary course of business by the Borrower or any Subsidiary Guarantor of obligations of the
Borrower, any Subsidiary Guarantor and, subject to Section 7.7, of any Subsidiary (other than the Borrower or a Subsidiary Guarantor); 
 (d) Indebtedness outstanding on the date hereof and listed on Schedule 7.2(d) and any refinancings, refundings, renewals or extensions thereof (without increasing, or shortening the maturity of,
the principal amount thereof); 
 (e) Indebtedness (including, without limitation, Capital Lease Obligations) secured by Liens
permitted by Section 7.3(g) in an aggregate principal amount not to exceed $750,000,000 (or, if less, the amount available to be incurred in reliance on the corresponding basket under the Revolving Credit Agreement) at any one time
outstanding; 
 (f) Hedge Agreements entered into with the purpose and effect of hedging price or basis risk on oil or gas
expected to be produced by Group Members; provided that at all times such Hedge Agreements: (i) hedge or mitigate risks to which any Group Member has actual or projected exposure, (ii) are permitted under the risk management
policies approved by the Borrower’s Board of Directors from time to time, and (iii) do not subject the Group Members to 

  
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material speculative risk; provided further in respect of the Borrower’s Amended and Restated Facility Agreement dated as of February 4, 2011, that (i) all such Indebtedness shall
result from “Transactions”, as defined in such Agreement, meeting the requirements of Section 2.2 of such agreement, as such agreement is in effect on the date hereof and (ii) in the event that, as consideration for entering into
any Transaction under such agreement after the date hereof, the Borrower or any Subsidiary shall receive any premium, upfront payment or other payment in the nature of financing proceeds, at least 50% of the amount of such payment shall be applied,
promptly after receipt, to Specified Applications; 
 (g) Hedge Agreements entered into with the purpose and effect of hedging
interest rate risks of the Group Members; provided that at all times such Hedge Agreements: (i) hedge or mitigate risks to which any Group Member has actual or projected exposure, (ii) are permitted under the risk management
policies approved by the Borrower’s Board of Directors from time to time, and (iii) do not subject the Group Members to material speculative risk; 
 (h) liabilities with respect to accrued revenues and royalties due to others during the period the payment thereof has been properly suspended in accordance with applicable agreements and applicable law;

 (i) additional Indebtedness of the Borrower or any other Group Member in an aggregate principal amount (for the Borrower and
all Group Members) not to exceed $750,000,000 (or, if less, the amount available to be incurred in reliance on the corresponding basket under the Revolving Credit Agreement) at any one time outstanding, plus, the lesser of (i) for a
period limited to 90 days after an acquisition, the amount of indebtedness secured by Liens upon any property so acquired or owing by the Person so acquired and existing at the time of such acquisition and not incurred in contemplation thereof, and,
after the end of such 90 day period, zero, and (ii) $300,000,000; 
 (j) Indebtedness under the Indentures that (i) is
outstanding on the date hereof, or (ii) is incurred after the date hereof and the proceeds of which constitute Financing Proceeds and are applied in accordance with Section 6.11; 

(k) Indebtedness evidenced by senior or subordinated notes issued by the Borrower, and Guarantee Obligations thereof by the Borrower and
the Subsidiary Guarantors existing on the date hereof and any other Indebtedness evidenced by senior or subordinated notes issued by the Borrower, and Guarantee Obligations thereof by the Borrower and the Subsidiary Guarantors; provided that
(i) such Indebtedness is unsecured, (ii) no principal amount of such Indebtedness issued after the date hereof matures earlier than the Maturity Date other than in respect of Permitted Contingent Conversion Rights or Indebtedness the
proceeds of which constitute Financing Proceeds and are applied in accordance with Section 6.11, (iii) at the time of such issuance and after giving effect thereto, no Default or Event of Default shall exist or would occur and
(iv) the Borrower shall have delivered to the Administrative Agent a certificate in reasonable detail reflecting compliance with each of the forgoing requirements of this Section 7.2(k), together with such other evidence of
compliance with the forgoing requirements of this Section 7.2(k) as the Administrative Agent may reasonably request; 

  
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 (l) The Permitted Securitization (and any performance guaranty given by the Borrower in
connection with the Permitted Securitization provided such performance guaranty applies only to the servicer’s or originator’s obligations thereunder); 
 (m) (i) Real Estate Secured Indebtedness outstanding on the date hereof and (ii) Real Estate Secured Indebtedness incurred after the date hereof in an aggregate principal amount not to exceed
$200,000,000; 
 (n) Indebtedness of a Group Member in respect of a Qualifying VPP ; and 

(o) Indebtedness under the Revolving Credit Agreement in an aggregate principal amount not to exceed $4,000,000,000 less the aggregate
amount of any reduction of commitments effected thereunder pursuant to Specified Applications. 
 Notwithstanding any other provision of this
Section 7.2 to the contrary, no revolving credit facility or other Indebtedness may be incurred for the purpose of replacing or serving the function of any portion of the commitments under the Revolving Credit Agreement that shall have
been reduced pursuant to any Specified Application. 
 Section 7.3. Liens. Create, incur, assume or suffer to exist
any Lien upon any of its property, whether now owned or hereafter acquired, except for: 
 (a) Liens for taxes not yet due or
that are being contested in good faith by appropriate proceedings, provided that adequate reserves with respect thereto are maintained on the books of the Borrower or any other Group Member, as the case may be, in conformity with GAAP;

 (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in
the ordinary course of business that are not overdue for a period of more than 30 days or that are being contested in good faith by appropriate proceedings; 
 (c) pledges or deposits in connection with workers’ compensation, unemployment insurance and other social security legislation; 

(d) deposits to secure the performance of bids, trade contracts (other than for borrowed money), leases, statutory obligations, surety
and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 
 (e)
easements, rights-of-way, restrictions and other similar encumbrances incurred in the ordinary course of business that, in the aggregate, are not substantial in amount and that do not in any case materially detract from the value of the property
subject thereto or materially interfere with the ordinary conduct of the business of the Borrower or any other Group Member; 

(f) Liens in existence on the date hereof listed on Schedule 7.3(f), securing Indebtedness permitted by
Section 7.2(d), provided that no such Lien is spread to cover any additional property after the date hereof and that the amount of Indebtedness secured thereby is not increased; 

  
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 (g) Liens securing Indebtedness of the Borrower or any other Group Member incurred pursuant
to Section 7.2(e) to finance the acquisition of fixed or capital assets, provided that (i) such Liens shall be created substantially simultaneously with the acquisition of such fixed or capital assets, (ii) such Liens do
not at any time encumber any property other than the property financed by such Indebtedness and (iii) the amount of Indebtedness secured thereby is not increased; 
 (h) Liens created pursuant to the “Security Documents” (as defined in the Revolving Credit Agreement); 
 (i) any interest or title of a lessor under any operating lease entered into by the Borrower or any other Group Member in the ordinary course of its business and covering only the assets so leased;

 (j) Liens existing on the date hereof on Real Estate Collateral securing (i) Real Estate Secured Indebtedness
outstanding on the date hereof and (ii) Real Estate Secured Indebtedness incurred after the date hereof in an aggregate principal amount not to exceed $200,000,000; 
 (k) any (i) pledge of cash to secure the obligations of the Borrower and its Subsidiaries with respect to any Hedge Agreement so long as no Default is then continuing or would result therefrom or
(ii) issuance of letters of credit to secure such obligations or other obligations arising in the ordinary course of business (which letters of credit shall be deemed to not be Indebtedness for purposes of Section 7.2) not to
exceed, at any time, a face amount of letters of credit equal to $100,000,000 in the aggregate; 
 (l) for a period limited to
90 days after an acquisition, Liens upon property so acquired, existing at the time of such acquisition and not incurred in contemplation thereof, and not upon any other property, securing only Indebtedness permitted by Section 7.2(k);

 (m) Liens on oil and gas properties of the Borrower and its Subsidiaries securing the Indebtedness under the Borrower’s
Amended and Restated Facility Agreement dated as of February 4, 2011; 
 (n) Liens in respect of Permitted Securitization
on Receivables and Related Security assigned from time to time to a Securitization Subsidiary or one or more investors or other purchasers (other than the Borrower or a Subsidiary Guarantor); 

(o) Liens arising under any Qualifying VPP; and 
 (p) Liens securing a Group Member’s obligations to drill and develop wells in respect of a Qualifying Royalty Trust Transaction; provided that such Liens are limited to the related Qualifying
Royalty Trust AMI Properties. 
 Notwithstanding anything herein to the contrary, the Borrower shall not, nor shall it permit any Group Member
to, create, incur, assume or suffer to exist any Lien on any Property of the Borrower or any Group Member to secure any revolving credit facility or debt securities of any Group Member that are on the date hereof unsecured or (except pursuant to
clause (j) of this Section) that do not exist on the date hereof. 

  
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 Section 7.4. Fundamental Changes. Enter into any merger, consolidation or
amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), nor permit the Group Members taken as a whole, or the Borrower, individually, to Dispose of, all or substantially all of their or its respective
property or business, except that: 
 (a) any Group Member may be merged or consolidated with or into the Borrower
(provided that the Borrower shall be the continuing or surviving entity) or with or into any other Group Member; and 

(b) any Subsidiary of the Borrower (other than Exploration and its Subsidiaries) may be consolidated with or into the Borrower
(provided that the Borrower shall be the continuing or surviving entity) or with or into any Subsidiary Guarantor (other than Exploration or any of its Subsidiaries) (provided that the Subsidiary Guarantor shall be the continuing or
surviving entity) or, subject to Section 7.7, any Subsidiary (other than the Borrower or any Subsidiary Guarantor). 

Section 7.5. Changes in Fiscal Periods. Permit the fiscal year of the Borrower to end on a day other than December 31 or
change the Borrower’s method of determining fiscal quarters. 
 Section 7.6. Restricted Payments. Declare or
pay any dividend (other than dividends payable solely in common stock of the Person making such dividend) on, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, defeasance,
retirement or other acquisition of, any Capital Stock of any Group Member (or enter into or be party to, or make any payment under, any Synthetic Purchase Agreement with respect to any such Capital Stock if the purchase, redemption, defeasance,
retirement or other acquisition thereof by the Borrower and its Subsidiaries would otherwise be prohibited under this Section 7.6), whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly
or indirectly, whether in cash or property or in obligations of the Borrower or any Subsidiary Guarantor, or enter into any derivatives or other transaction with any financial institution, commodities or stock exchange or clearinghouse (a
“Derivatives Counterparty”) obligating any Group Member to make payments (other than payments solely in the form of common stock of the Borrower) to such Derivatives Counterparty as a result of any change in market value of any such
Capital Stock (collectively, “Restricted Payments”), except that: 
 (a) any Group Member may pay cash
dividends or distributions on its Capital Stock to the Borrower or any of its Subsidiaries; and 
 (b) so long as no Default or
Event of Default shall have occurred and be continuing or would result therefrom at the time such dividends are declared or other Restricted Payment is made (determined on a pro forma basis as if such Restricted Payments or dividends were paid in
cash on the date declared or made, as applicable), the Borrower may make (i) the regularly scheduled cash dividends on its preferred stock outstanding on the date hereof (or on any preferred stock of the Borrower issued after the date hereof if
the Net Cash Proceeds of such 

  
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issuance constitute Financing Proceeds and are applied in accordance with Section 6.11), and (ii) regular quarterly common stock dividends in an aggregate amount for any quarter
during the term of this Facility not to exceed the amount of the quarterly common stock dividend most recently paid prior to the date hereof. 
 Section 7.7. Investments. Make any Investments in any Person that, prior to such Investment, is an Unrestricted Subsidiary (including, without limitation, loans made to any such Unrestricted
Subsidiary and Investments resulting from mergers with or sales of assets to any such Unrestricted Subsidiary), except Investments in such Unrestricted Subsidiary so long as (a) immediately before and immediately after giving pro forma effect
to such Investment, no Default shall have occurred and be continuing, (b) if, after giving effect to such Investment, the aggregate Investments in such Person and its Subsidiaries during a 12 consecutive month period exceeds $50,000,000, such
Investment is on terms determined by the board of directors of the Borrower to be fair to the Group Members, taken as a whole, and (c) the Borrower shall have delivered to the Administrative Agent, prior to the making such Investment, a
certificate of a Responsible Officer demonstrating compliance with the provisions of this Section. Notwithstanding the foregoing, (i) except as provided in clause (ii) below, no Subsidiary (other than an Immaterial Subsidiary) that is not
an Unrestricted Subsidiary on the date hereof may be designated as an Unrestricted Subsidiary, and no material assets other than cash may be transferred from a Group Member to an Unrestricted Subsidiary, in each case other than as part of a
financing or asset monetization transaction the Net Cash Proceeds of which are subject to and applied in accordance with Section 6.11, and subject to the requirement that such Net Cash Proceeds bear a reasonable relationship to the value
of such Subsidiary or such assets; provided that any Subsidiary holding oil and gas properties with an estimated fair market value not in excess of $1,000,000,000 (and no other material assets) may be designated as an Unrestricted Subsidiary so long
as the aggregate fair market value of the oil and gas assets held by Subsidiaries so designated during any fiscal year shall not exceed $2,000,000,000 and (ii) the cash transferred by the Group Members to any Unrestricted Subsidiary shall not
exceed the amount determined by the Borrower in good faith to be required for the operations and capital needs of such Unrestricted Subsidiary and its Subsidiaries, taking into account any cash available to such Unrestricted Subsidiary from other
sources. 
 Section 7.8. Optional Payments and Modifications of Certain Debt Instruments. (a) Make or offer to
make any optional or voluntary payment, prepayment, repurchase or redemption of or otherwise optionally or voluntarily defease or segregate funds with respect to Indebtedness under any Indenture or enter into any derivative or other transaction with
any Derivatives Counterparty obligating the Borrower or any Subsidiary Guarantor to make payments to such Derivatives Counterparty as a result of any change in market value of any such Indebtedness; (b) amend, modify, waive or otherwise change,
or consent or agree to any amendment, modification, waiver or other change to, any of the terms of Indebtedness under the Indentures (other than any such amendment, modification, waiver or other change that (i) would extend the maturity or
reduce the amount of any payment of principal thereof or reduce the rate or extend any date for payment of interest thereon and (ii) does not involve the payment of a consent fee); or (c) enter into or be party to, or make any payment
under, any Synthetic Purchase Agreement with respect to any Indebtedness the making or offering to make of any optional or voluntary payment or prepayment thereon, or any repurchase or redemption thereof, or the optional or voluntary defeasance or
segregation of funds with respect thereto, the Borrower and 

  
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its Subsidiaries are otherwise prohibited from doing under this Section 7.8; except optional or voluntary payments, prepayments, exchanges, redemptions, or repurchases in market
transactions of Indebtedness under any Indenture if before and, on a pro forma basis after giving effect to such purchase, no Default or Event of Default shall exist. 
 Section 7.9. Transactions with Affiliates. Enter into any transaction, including any purchase, sale, lease or exchange of property, the rendering of any service or the payment of any
management, advisory or similar fees, with any Affiliate (other than the Borrower or any Subsidiary Guarantor) unless such transaction (i) is (a) otherwise permitted under this Agreement, (b) in the ordinary course of business of the
relevant Group Member, and (c) upon fair and reasonable terms no less favorable to the relevant Group Member, than it would obtain in a comparable arm’s length transaction with a Person that is not an Affiliate, or (ii) consists of
(x) customary arrangements between any Group Member and any Midstream Entity relating to providing administrative or management services to such Midstream Entity, (y) Investments in Unrestricted Subsidiaries permitted by
Section 7.7 or (z) any Qualifying Royalty Trust Transaction. 
 Section 7.10. Negative Pledge
Clauses. At any time on or after the Closing Date, enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Group Member to create, incur, assume or suffer to exist any Lien upon any of its
property or revenues, whether now owned or hereafter acquired, other than (a) this Agreement, the other Loan Documents and the Exchange Notes Documents, (b) provisions existing under the Revolving Credit Agreement on the date hereof and
under the Indentures, (c) any agreements governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in which case, any prohibition or limitation shall only be effective against the assets financed thereby),
(d) any Permitted Securitization (in which case, any prohibition or limitation shall only be effective against the Receivables and Related Security assigned thereunder), (e) any Hedging Support Credit Facility (in which case, any
prohibition or limitation shall only be effective against the assets securing such Hedging Support Credit Facility) and (f) any agreements governing Real Estate Secured Indebtedness (in which case, any prohibition or limitation shall only be
effective against the Real Estate Collateral securing such Real Estate Secured Indebtedness). 
 Section 7.11. Clauses
Restricting Group Member Distributions. Enter into or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Group Member to (a) make Restricted Payments in respect of any Capital Stock of such
Group Member held by, or pay any Indebtedness owed to, the Borrower or any other Group Member, as the case may be, (b) make loans or advances to, or other Investments in, the Borrower or any other Group Member, as the case may be, or
(c) transfer any of its assets to the Borrower or any other Group Member, as the case may be, except for such encumbrances or restrictions existing under or by reason of (i) any restrictions existing under the Loan Documents or under the
“Loan Documents” as defined in the Revolving Credit Agreement, (ii) any restrictions with respect to a Subsidiary Guarantor imposed pursuant to an agreement that has been entered into in connection with the Disposition of all or
substantially all of the Capital Stock or assets of such Subsidiary Guarantor, and (iii) any restrictions pursuant to any agreement governing Real Estate Secured Indebtedness on a Group Member’s ability to make Restricted Payments if such
Group Member’s assets consist in all material respects of Real Estate Collateral. 

  
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 Section 7.12. Lines of Business. Enter into any material business, either
directly or through any Group Member, except for the (a) marketing, exploration and extraction of oil and gas, services related thereto and activities incidental to the foregoing, or (b) ownership and development (and related financing) of
real estate (other than oil and gas properties), which business activities described in this clause (b) do not represent a substantial portion of the business of the Group Members, taken as a whole. 

ARTICLE 8. 

EVENTS OF DEFAULT 

If any of the following events shall occur and be continuing: 

(a) The Borrower shall fail to pay any principal of any Loan when due in accordance with the terms hereof; or the Borrower
shall fail to pay any interest on any Loan, or any other amount payable hereunder, under any other Loan Document or under the Arranger Letters, within five days after any such interest or other amount becomes due in accordance with the terms hereof;
or 
 (b) any representation or warranty made or deemed made by any Loan Party herein or in any other Loan
Document or that is contained in any certificate, document or financial or other statement furnished by it at any time under or in connection with this Agreement or any such other Loan Document shall prove to have been inaccurate in any material
respect on or as of the date made or deemed made; or 
 (c) any Loan Party shall default in the observance or
performance of any agreement contained in clause (i) or (ii) of Section 6.4(a) (with respect to the Borrower only), Section 6.7(a), 6.9, Section 6.11, Section 7 or
Section 10.1(b) of this Agreement; or 
 (d) any Loan Party shall default in the observance or
performance of any other agreement contained in this Agreement or any other Loan Document (other than as provided in paragraphs (a) through (c) of this Section), and such default shall continue unremedied for a period of 30 days after
notice to the Borrower from the Administrative Agent; or 
 (e) (1) any Group Member (i) defaults in
making any payment of any principal of any Indebtedness (including any Guarantee Obligation, but excluding the Loans) on the scheduled or original due date with respect thereto; or (ii) defaults in making any payment of any interest on any such
Indebtedness beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created; or (iii) defaults in the observance or performance of any other agreement or condition relating to any such
Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or
beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to cause, with the giving of notice if required, such Indebtedness to become due prior to its stated maturity or to become subject to a mandatory offer
to purchase by the obligor thereunder or (in the case of any such Indebtedness constituting a Guarantee Obligation) to become payable; provided, 

  
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that a default, event or condition described in clause (i), (ii) or (iii) of this paragraph (e) shall not at any time constitute an Event of Default unless, at such time, one or
more defaults, events or conditions of the type described in clauses (i), (ii) and (iii) of this paragraph (e) shall have occurred and be continuing with respect to Indebtedness the outstanding principal amount of which exceeds in the
aggregate $125,000,000; or (2) any “Event of Default” shall exist under and as defined in the Revolving Credit Agreement; or 
 (f) (i) any Group Member shall commence any case, proceeding or other action (A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency,
reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution,
composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or any Group Member shall
make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against any Group Member any case, proceeding or other action of a nature referred to in clause (i) above that (A) results in the entry of an
order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of 60 days; or (iii) there shall be commenced against any Group Member any case, proceeding or other action seeking
issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets that results in the entry of an order for any such relief that shall not have been vacated, discharged, or stayed or
bonded pending appeal within 60 days from the entry thereof; or (iv) any Group Member shall take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or
(iii) above; or (v) any Group Member shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due; or 

(g) (i) any Person shall engage in any “prohibited transaction” (as defined in Section 406 of ERISA or
Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding deficiency” (as defined in Section 302 of ERISA), whether or not waived, shall exist with respect to any Plan or any Lien in favor of the PBGC or a
Plan shall arise on the assets of the Borrower or any Commonly Controlled Entity, (iii) a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or
to terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the Majority Lenders, likely to result in the termination of such Plan for purposes of Title
IV of ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of ERISA, (v) the Borrower or any Commonly Controlled Entity shall, or in the reasonable opinion of the Majority Lenders is likely to, incur any liability
in connection with a withdrawal from, or the Insolvency or Reorganization of, a Multiemployer Plan or (vi) any other event or condition shall occur or exist with respect to a Plan; and in each case in clauses (i) through (vi) above,
such event or condition, together with all other such events or conditions, if any, could, in the sole judgment of the Majority Lenders, reasonably be expected to have a Material Adverse Effect; or 

  
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 (h) one or more judgments or decrees shall be entered against any Group
Member involving in the aggregate a liability (not paid or fully covered by insurance as to which the relevant insurance company has acknowledged coverage) of $125,000,000 or more, and (i) enforcement proceedings are commenced by any creditor
upon one or more such judgments or decrees which have not been stayed by reason of a pending appeal, court order or otherwise, or (ii) there is a period of thirty (30) consecutive days during which a stay of enforcement of one or more such
judgments, by reason of a pending appeal, court order or otherwise, is not in effect; or 
 (i) the guarantee
contained in Section 2 of the Guarantee Agreement shall cease, for any reason, to be in full force and effect or any Loan Party or any Affiliate of any Loan Party shall so assert; or 

(j) (i) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)), shall become, or obtain rights (whether by means or warrants, options or otherwise) to become, the “beneficial owner” (as defined in Rules 13(d)-3 and
13(d)-5 under the Exchange Act), directly or indirectly, of more than 35% of the outstanding common stock of the Borrower; (ii) the board of directors of the Borrower shall cease to consist of a majority of Continuing Directors; or
(iii) the Borrower shall cease to own and control, of record and beneficially, directly or indirectly, 100% of each class of outstanding Capital Stock of each Subsidiary Guarantor free and clear of all Liens; 

then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or (ii) of paragraph (f) above with
respect to the Borrower, automatically the Commitments shall immediately terminate and the Loans hereunder (with accrued interest and premium thereon) and all other amounts owing under this Agreement and the other Loan Documents shall immediately
become due and payable, and (B) if such event is any other Event of Default, either or both of the following actions may be taken: (i) with the consent of the Majority Lenders, the Administrative Agent may, or upon the request of the
Majority Lenders, the Administrative Agent shall, by notice to the Borrower declare the Commitments to be terminated forthwith, whereupon the Commitments shall immediately terminate; and (ii) with the consent of the Majority Lenders, the
Administrative Agent may, or upon the request of the Majority Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans hereunder (with accrued interest and premium thereon) and all other amounts owing under this
Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable. Except as expressly provided above in this Section, presentment, demand, protest and all other notices of any kind
are hereby expressly waived by the Borrower. 
 ARTICLE 9. 

THE ADMINISTRATIVE AGENT 
 Section 9.1. Appointment and Authority. Each of the Lenders hereby irrevocably appoints Goldman Sachs Bank USA to act on its behalf as the Administrative Agent hereunder and under the other Loan
Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by 

  
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the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Section are solely for the benefit of the Administrative Agent, the
Lenders, and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions. 
 Section 9.2. Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the
same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent
hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any
Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. 
 Section 9.3. Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the
generality of the foregoing, the Administrative Agent: 
 (a) shall not be subject to any fiduciary, agency, trust or other
implied duties, regardless of whether a Default has occurred and is continuing; 
 (b) shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the
Majority Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its
opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law; and 
 (c) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the
Borrower or any of their Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 
 The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Majority Lenders (or such other number or percentage of the Lenders
as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Section 10.1 and Article 8) or (ii) in the absence of its own gross negligence or
willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given to the Administrative Agent by the Borrower or a Lender. 

The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation
made in or in connection with this Agreement 

  
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or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any
other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article 5 or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the
Administrative Agent. 
 Section 9.4. Reliance by Administrative Agent. The Administrative Agent shall be entitled to
rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution)
believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the
proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may
presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan. The Administrative Agent may consult with legal counsel (who may
be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

Section 9.5. Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and
powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. Except (i) in circumstances in which the Administrative Agent determines in good faith that such appointment is
advisable to comply with applicable law or to avoid a disadvantageous economic, legal or regulatory consequence or (ii) when a Default shall have occurred and be continuing, any such sub-agent shall be approved by the Borrower, such approval to
not be unreasonably withheld or delayed. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this
Article 9 shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for
herein as well as activities as Administrative Agent. 
 Section 9.6. Resignation of Administrative Agent. The
Administrative Agent may at any time give notice of its resignation to the Lenders and the Borrower. Upon receipt of any such notice of resignation, the Majority Lenders shall have the right, in consultation with the Borrower, to appoint a
successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Majority Lenders, in consultation with the Borrower,
and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the Lenders appoint a successor Administrative Agent
meeting the qualifications set forth above; provided that if the 

  
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Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with
such notice and (1) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (2) all payments, communications and determinations provided to be made by, to or
through the Administrative Agent shall instead be made by or to each Lender directly, until such time as the Majority Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the acceptance of a successor’s
appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be
discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrower to a successor Administrative Agent shall be the
same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article
9 and Section 10.5 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the
retiring Administrative Agent was acting as Administrative Agent. 
 Section 9.7. Non-Reliance on Administrative Agent and
Other Lenders. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate,
made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on
such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document
furnished hereunder or thereunder. 
 Section 9.8. No Other Duties, Etc. Anything herein to the contrary notwithstanding,
none of the Joint Lead Arrangers, the Joint Bookrunners or the Syndication Agent listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as
applicable, as the Administrative Agent or a Lender hereunder. 
 Section 9.9. Administrative Agent May File Proofs of
Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of
whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by
intervention in such proceeding or otherwise: 
 (a) to file and prove a claim for the whole amount of the principal and
interest owing and unpaid in respect of the Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of

  
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the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their
respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under Sections 10.5) allowed in such judicial proceeding; and 
 (b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the
Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and
advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Section 10.5. 
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or
composition affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 
 ARTICLE 10. 
 MISCELLANEOUS 

Section 10.1. Amendments and Waivers. (a) None of this Agreement, any other Loan Document or any terms hereof or thereof
may be amended, supplemented or modified except in accordance with the provisions of this Section 10.1. The Majority Lenders and each Loan Party that is party to the relevant Loan Document may, or, with the written consent of the
Majority Lenders, the Administrative Agent and each Loan Party that is party to the relevant Loan Document may, from time to time, (a) enter into written amendments, supplements or modifications hereto and to the other Loan Documents for the
purpose of adding any provisions to this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or of the Loan Parties hereunder or thereunder or (b) waive, on such terms and conditions as the Majority Lenders
or the Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences; provided, however, that no such waiver
and no such amendment, supplement or modification shall (i) forgive the principal amount or extend the final scheduled date of maturity of any Loan, reduce the stated rate or amount of any interest payable hereunder (except in connection with
the waiver of applicability of any post-default increase in interest rates, which waiver shall be effective with the consent of the Majority Lenders) or extend the scheduled date of any payment thereof, or increase the amount or extend the
expiration date of any Lender’s Commitment, in each case without the prior written consent of each Lender directly affected thereby; (ii) eliminate or reduce the voting rights of any Lender under this Section 10.1 without the
prior written consent of such Lender; (iii) amend any provision of this Section 10.1 (other than as set forth in subsection (ii) above), reduce any percentage specified in the definition of Majority Lenders, consent to the
assignment or transfer by the Borrower of any of its rights and obligations under this Agreement and the other Loan 

  
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Documents, or release the Borrower or all or substantially all of the Guarantors from their obligations under the Guarantee Agreement, in each case without the written consent of all Lenders;
(iv) amend, modify or waive any provision of Article 9 or otherwise amend, modify or waive the rights or obligations of the Administrative Agent without the written consent of the Administrative Agent; (v) amend, modify or waive any
provisions of Sections 3.8(a), (b), (e) or (f) or 3.16 without the written consent of each affected Lender; or (vi) impose any additional restriction on the right of any Lender to exchange Loans for Exchange Notes
or modify the rate of such exchange with respect to Loans of any Lender, without the written consent of such Lender. Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Lenders and shall be binding
upon the Loan Parties, the Lenders, the Administrative Agent and all future holders of the Loans. In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent shall be restored to their former position and rights hereunder
and under the other Loan Documents, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent
thereon. 
 (b) Notwithstanding any other provision contained in this Section 10.1 or elsewhere in this Agreement,
(i) any increase in the Applicable Margin that the Arrangers are permitted to require under the Arranger Letters shall take effect automatically upon the delivery by either Arranger to the Borrower of a notice (including a certification by such
Arranger that the applicable conditions to delivery of such notice under the Arranger Letters have been satisfied) setting forth such increase, and this Agreement shall be automatically amended to give effect to such increase and (ii) the
Borrower and the Administrative Agent agree to comply with the provisions of the Arranger Letters, including by the execution and delivery of all such amendments to this Agreement as shall be requested in accordance with the provisions of the
Arranger Letters and required to give effect to the exercise of rights granted to the Arrangers under the Arranger Letters, including the right to cause additional institutions to become Lenders hereunder with such titles as the Arrangers may
designate and the right to effect such changes to the terms of this Agreement as the Arrangers shall be entitled to require under the terms of the Arranger Letters (it being agreed that the failure of the Borrower to execute and deliver any
amendment giving effect to the exercise of any such rights shall constitute an Event of Default hereunder), and (iii) each Lender agrees that any amendment referred to in the preceding clause (ii) that shall not adversely affect the rights
or benefits to which the Lenders are entitled hereunder shall be effective if a copy of such amendment is executed by the Borrower and the Administrative Agent and posted as provided in the last sentence of this paragraph. The Administrative Agent
shall promptly post on the Platform a notice of any increase in the Applicable Margin referred to in clause (i) of the preceding sentence, and a copy of each amendment referred to in clause (ii) of the preceding sentence. 

(c) After the execution of the Exchange Notes Indenture, in the event of any proposed waiver, amendment or other modification to the
Exchange Notes Indenture or the Exchange Notes, the Borrower shall provide notice to the Administrative Agent and the Lenders sufficiently in advance of the proposed date of execution and delivery and effectiveness of such proposed waiver, amendment
or other modification in order to provide the Lenders with a reasonable opportunity to exchange Loans for Exchange Notes pursuant to an Exchange in accordance with Section 2.4 and participate in the voting with respect to such waiver,
amendment or other modification. The Borrower shall not enter into any waiver, amendment or 

  
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other modification of the Exchange Notes Indenture or the Exchange Notes unless and until such notice shall have been given sufficiently in advance of the proposed date of execution and delivery
and effectiveness of such proposed waiver, amendment or other modification. 
 Section 10.2. Notices; Effectiveness;
Electronic Communication. 
 (a) Notices Generally. Except in the case of notices and other communications expressly
permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified
or registered mail or sent by telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to the Borrower or the Administrative Agent, to the address, telecopier number, electronic mail address or
telephone number specified for such Person on Schedule 10.2; and 
 (ii) if to any other Lender, to the
address, telecopier number, electronic mail address or telephone number specified in its Administrative Questionnaire. 
 Notices sent by hand
or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business
hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices delivered through electronic communications to the extent provided in Section 10.2(b) below,
shall be effective as provided in such Section 10.2(b). 
 (b) Electronic Communications. Notices and other
communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not
apply to notices to any Lender pursuant to Article 2 if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Section by electronic communication. The Administrative Agent or the Borrower may,
in their discretion, agree to accept notices and other communications to them hereunder by electronic communications pursuant to procedures approved by them, provided that approval of such procedures may be limited to particular notices or
communications. 
 Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address
shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if
such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient, and
(ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such
notice or communication is available and identifying the website address therefor. 

  
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 (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS
AVAILABLE.” THE ADMINISTRATIVE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER
MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY
ADMINISTRATIVE AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Administrative Agent Parties”) have any liability to
the Borrower, any Lender or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of Borrower
Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or
willful misconduct of such Administrative Agent Party; provided, however, that in no event shall any Administrative Agent Party have any liability to the Borrower, any Lender or any other Person for indirect, special, incidental,
consequential or punitive damages (as opposed to direct or actual damages). 
 (d) Change of Address, Etc. The Borrower
and the Administrative Agent may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each Lender may change its address, telecopier or telephone number for notices
and other communications hereunder by notice to the Borrower and the Administrative Agent. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent have on record (i) an
effective address, contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. 

(e) Reliance by Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon
any notices (including telephonic borrowing notices) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of
notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify the Administrative Agent, each Lender and the Related Parties of each of them from all
losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other telephonic communications with the Administrative Agent may be
recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 
 Section 10.3.
No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder or under the other Loan Documents shall operate as a
waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude 

  
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any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive
of any rights, remedies, powers and privileges provided by law. 
 Section 10.4. Survival of Representations and
Warranties. All representations and warranties made hereunder, in the other Loan Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this
Agreement and the making of the Loans and other extensions of credit hereunder. 
 Section 10.5. Expenses;
Indemnification; Damage Waiver. 
 (a) Costs and Expenses. The Borrower shall pay (i) all reasonable out of
pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent), in connection with the arrangement and syndication of the credit facility
provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions
contemplated hereby or thereby shall be consummated), and (ii) all out of pocket expenses incurred by the Administrative Agent or any Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent or any
Lender), including the allocated cost of internal counsel, in connection with the enforcement or protection of its rights or, in the case of the Administrative Agent, the rights of the Lenders (A) in connection with this Agreement and the other
Loan Documents, including rights under this Section, or (B) in connection with the Loans made hereunder, including all such out of pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans. 

(b) Indemnification by the Borrower. The Borrower shall indemnify the Agent Banks (and any sub-agent thereof), each Lender and
each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the
fees, charges and disbursements of any counsel for any Indemnitee), including the allocated cost of internal counsel, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising
out of, in connection with, or as a result of (i) the arrangement and syndication of the credit facility established hereby, (ii) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument
contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any
sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents, (iii) any Loan or the use or proposed use of the proceeds therefrom, (iv) any actual or alleged presence or release of
hazardous materials on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any environmental liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a
party thereto, in all cases, whether or not caused by or arising, in whole or in part, out of the comparative, contributory or sole negligence of 

  
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the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses
(x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the Borrower or any other
Loan Party against such Indemnitee for material breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on
such claim as determined by a court of competent jurisdiction. 
 (c) Reimbursement by Lenders. To the extent that the
Borrower for any reason fails to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof) or any Related Party of any of the foregoing, each
Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s Aggregate Exposure Percentage (determined as of the time that the applicable unreimbursed expense or
indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any
such sub-agent) in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) in connection with such capacity. 

(d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, the Borrower shall not assert, and
the Borrower hereby waives on behalf of itself and its Related Parties, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of,
in connection with, or as a result of, the arrangement and syndication of the credit facility established hereby, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or
thereby, any Loan or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it
through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. 

(e) Payments. All amounts due under this Section shall be payable not later than ten Business Days after demand therefor.

 (f) Survival. The agreements in this Section shall survive the resignation of an Agent Bank, the replacement of any
Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. 

Section 10.6. Successors and Assigns; Participations and Assignments. 

(a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that neither the Borrower nor any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent

  
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of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with
the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the
restrictions of subsection (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other
than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the
Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b)
Assignments by Lenders. Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to
it); provided that 
 (i) except in the case of an assignment of the entire remaining amount of the
assigning Lender’s Commitment or Loans at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate amount of the Commitment or Loans of the
assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if the “Trade Date” is specified in the Assignment and
Assumption, as of the Trade Date, shall not be less than $1,000,000 unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consent (each such consent not to be unreasonably
withheld or delayed); 
 (ii) each partial assignment shall be made as an assignment of a proportionate part of
all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans assigned; and 
 (iii) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500, and the Eligible
Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 
 Subject to acceptance and
recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement and, to
the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and
Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party
hereto) but shall continue to be entitled to the benefits of Sections 3.1, 3.9, 3.10, 3.11 and 10.5 with respect to facts and circumstances occurring prior to the effective date of such assignment. In the case of
any assignment of a Loan evidenced by a Lender Note, the 

  
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Borrower (at its expense) shall execute and deliver a Lender Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply
with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section. 

(c) Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at the
Administrative Agent’s office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans owing to, each
Lender pursuant to the terms hereof from time to time (the “Register”). The Administrative Agent shall promptly enter into the Register all assignments made in conformity with the terms of this Agreement and the entries in the
Register shall be conclusive, absent manifest error. The Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this
Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower at any reasonable time and from time to time upon reasonable prior notice. In addition, at any time that a request for a consent for a
material or substantive change to the Loan Documents is pending, any Lender may request and receive from the Administrative Agent a copy of the Register. 
 (d) Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural person or the
Borrower or any of the Borrower’s Affiliates) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing
to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the
Borrower, the Administrative Agent and the Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole
right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant,
agree to any amendment, waiver or other modification described in clause (i) of the first proviso to Section 10.1 that affects such Participant. Subject to subsection (e) of this Section, the Borrower agrees that each
Participant shall be entitled to the benefits of Sections 3.9, 3.10 and 3.11 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section. To the extent
permitted by law, each Participant also shall be entitled to the benefits of Section 10.7 as though it were a Lender, provided such Participant agrees to be subject to Section 3.16 as though it were a Lender.

 Each Lender that sells a participation pursuant to this Section 10.6(d) shall maintain a register on which it
records the name and address of each participant to which it has sold a participation and the principal amounts (and stated interest) of each such participant’s interest 

  
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in the Loans or other rights and obligations of such Lender under this Agreement (the “Participant Register”); provided that no Lender shall have any obligation to disclose all
or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Loans or other rights and obligations under any this Agreement) except to the
extent that such disclosure is necessary to establish that such Loan or other right or obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes under this Agreement, notwithstanding any notice to the contrary.

 (e) Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under
Section 3.9 or 3.10 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the
Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.10 unless the Borrower is notified of the participation sold to such Participant
and such Participant agrees, for the benefit of the Borrower, to comply with Section 3.10 as though it were a Lender. 
 (f) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under the applicable Note) to secure
obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee
or assignee for such Lender as a party hereto. 
 (g) Electronic Execution of Assignments. The words
“execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the
same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures
in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

Section 10.7. Set-off. In addition to any rights and remedies of the Lenders or each of their respective Affiliates provided
by law, each Lender and each of their respective Affiliates shall have the right, without prior notice to the Borrower, any such notice being expressly waived by the Borrower to the extent permitted by applicable law, upon any amount becoming due
and payable by the Borrower hereunder (whether at the stated maturity, by acceleration or otherwise), to set off and appropriate and apply against such amount any and all deposits (general or special, time or demand, provisional or final), in any
currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for the
credit or the account of the Borrower. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such setoff and application made by such Lender, provided that the failure to give such notice shall not affect the
validity of such setoff and application. 

  
 [Credit
Agreement] 
 70 

 Section 10.8. Counterparts. This Agreement may be executed by one or more of the
parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile
transmission shall be effective as delivery of a manually executed counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent. 

Section 10.9. Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. 
 Section 10.10. Integration. This Agreement, the other
Loan Documents, the Arranger Letters and any confidentiality agreements between the Administrative Agent or any Lender and the Borrower represent the entire agreement of the Borrower, the Administrative Agent and the Lenders with respect to the
subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any Lender relative to subject matter hereof not expressly set forth or referred to herein or in the other Loan
Documents; provided, that notwithstanding the restrictions of any such confidentiality agreement or any confidentiality agreement binding on either Arranger, the Administrative Agent and the Arrangers may disclose Information (as defined in
Section 10.15) as provided in clauses (d) and (f) of such Section 10.15. THIS WRITTEN AGREEMENT AND THE OTHER
LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY
NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES. 
 There are no
unwritten oral agreements between the Parties. 
 Section 10.11. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS
AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 Section 10.12. Submission To Jurisdiction; Waivers. The Borrower hereby irrevocably and unconditionally: 
 (a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Loan Documents to which it is a party, or for recognition and enforcement of any judgment
in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York, the courts of the United States for the Southern District of New York, and appellate courts from any thereof; 

  
 [Credit
Agreement] 
 71 

 (b) consents that any such action or proceeding may be brought in such court or any other
court and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or any other court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or
claim the same; 
 (c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof
by registered or certified mail (or any substantially similar form of mail), postage prepaid, to the Borrower at its address set forth on Schedule 10.2 or at such other address of which the Administrative Agent shall have been notified
pursuant thereto; 
 (d) agrees that nothing herein shall affect the right to effect service of process in any other manner
permitted by law or shall limit the right to sue in any other jurisdiction; and 
 (e) waives, to the maximum extent not
prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section any special, exemplary, punitive or consequential damages. 

Section 10.13. Acknowledgments. The Borrower hereby represents, warrants, acknowledges and admits that (i) it has been
advised by counsel in the negotiation, execution and delivery of the Loan Documents to which it is a party, (ii) it has made an independent decision to enter into this Agreement and the other Loan Documents to which it is a party, without
reliance on any representation, warranty, covenant or undertaking by the Administrative Agent or any Lender, whether written, oral or implicit, other than as expressly set out in this Agreement or in another Loan Document delivered on or after the
date hereof, (iii) there are no representations, warranties, covenants, undertakings or agreements by any Lender as to the Loan Documents except as expressly set out in this Agreement or in another Loan Document delivered on or after the date
hereof, (iv) no Lender has any advisory, fiduciary or agency relationship with or fiduciary or other implied duty toward the Borrower with respect to any Loan Document or the transactions contemplated thereby, (v) the relationship pursuant
to the Loan Documents between the Borrower and the other Group Members, on one hand, and each Lender, on the other hand, is and shall be solely that of debtor and creditor, respectively, provided that, solely for purposes of
Section 10.6(c) the Administrative Agent shall act as agent of the Borrower in maintaining the Register as set forth therein, (vi) no partnership or joint venture exists with respect to the Loan Documents between any Group Member
and any Lender, (vii) the Administrative Agent is not the Borrower’s Administrative Agent, but the Administrative Agent for Lenders, provided that, solely for purposes of Section 10.6(c) the Administrative Agent shall act as
agent of the Borrower in maintaining the Register as set forth therein, (viii) should an Event of Default or Default occur or exist, each Lender will determine in its sole discretion and for its own reasons what remedies and actions it will or
will not exercise or take at that time, (ix) without limiting any of the foregoing, the Borrower is not relying upon any representation or covenant by any Lender, or any representative thereof, and no such representation or covenant has been
made, that any Lender will, at the time of an Event of Default or Default, or at any other time, waive, negotiate, discuss, or take or refrain from taking any action permitted under the Loan Documents with respect to any such Event of Default or
Default or any other provision of the Loan Documents, and (x) all Lenders have relied upon the truthfulness of the acknowledgments in this section in deciding to execute and deliver this Agreement and to become obligated hereunder. 

  
 [Credit
Agreement] 
 72 

 Section 10.14. Releases of Guarantees; Designation of Subsidiaries.
Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required
by Section 10.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that
has been consented to in accordance with Section 10.1 or (ii) to release a Subsidiary Guarantor from the Guarantee Agreement upon its designation as an Unrestricted Subsidiary or (iii) at such time as the Loans and the other
Obligations under the Loan Documents (other than obligations under or in respect of Hedge Agreements) shall have been paid in full and the Commitments have been terminated. 
 Section 10.15. Confidentiality. Each of the Administrative Agent, and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be
disclosed (a) to its Affiliates, to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors, representatives and to any credit insurance provider relating to the Borrower and its Obligations (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority
purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal
process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document (or, in the case of any Lender that becomes the holder of an Exchange Note, any Exchange Notes Document
(it being understood that such disclosure shall be limited to Information obtained while it was a Lender) any action or proceeding relating to this Agreement or any other Loan Document (or, in the case of any Lender that becomes the holder of an
Exchange Note, any Exchange Notes Document) the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or
any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the any Loan Party or its
obligations, (g) with the consent of the Borrower or (h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the Administrative Agent, any
Lender or any of their respective Affiliates on a nonconfidential basis from a source other than a Group Member, unless such Administrative Agent, Lender or Affiliate has actual knowledge that such source owes an obligation of confidence to a Group
Member with respect to such Information. 
 For purposes of this Section, “Information” means all information received from the
Borrower or any of its Subsidiaries relating to the Borrower or any of its Subsidiaries or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis
prior to disclosure by the Borrower or any such Subsidiary, provided that, in the case of information received from the Borrower or any Subsidiary after the date hereof, such information is clearly identified at the time of delivery as
confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential information. 

  
 [Credit
Agreement] 
 73 

 The Administrative Agent and each of the Lenders acknowledges that (a) the Information may include
material non-public information concerning the Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public
information in accordance with applicable Law, including Federal and state securities Laws. 
 Section 10.16. WAIVERS
OF JURY TRIAL. THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM
THEREIN. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER
AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 10.17. Limitation on Interest. The Lenders, the Loan Parties and any other parties to the Loan Documents intend to
contract in strict compliance with applicable usury law from time to time in effect. In furtherance thereof such Persons stipulate and agree that none of the terms and provisions contained in the Loan Documents shall ever be construed to create a
contract to pay, for the use, forbearance or detention of money, interest in excess of the maximum amount of interest permitted to be charged by applicable law from time to time in effect. No Loan Party nor any present or future guarantors,
endorsers, or other Persons hereafter becoming liable for payment of any Obligation shall ever be liable for unearned interest thereon or shall ever be required to pay interest thereon in excess of the maximum amount that may be lawfully charged
under applicable law from time to time in effect, and the provisions of this Section shall control over all other provisions of the Loan Documents which may be in conflict or apparent conflict herewith. The Lenders expressly disavow any intention to
charge or collect excessive unearned interest or finance charges in the event the maturity of any Obligation is accelerated. If (a) the maturity of any Obligation is accelerated for any reason, (b) any Obligation is prepaid and as a result
any amounts held to constitute interest are determined to be in excess of the legal maximum, or (c) any Lender or any other holder of any or all of the Obligations shall otherwise collect moneys which are determined to constitute interest which
would otherwise increase the interest on any or all of the Obligations to an amount in excess of that permitted to be charged by applicable law then in effect, then all sums determined to constitute interest in excess of such legal limit shall,
without penalty, be promptly applied to reduce the then outstanding principal of the related Obligations or, at such Lender’s or holder’s option, promptly returned to the Borrower or the other payor thereof upon such determination. In
determining whether or not the interest paid or payable, under any specific circumstances, exceeds the maximum amount permitted under applicable law, the Lenders and the Loan Parties (and any other payors thereof) shall to the greatest extent
permitted under applicable law, (i)

  
 [Credit
Agreement] 
 74 

 
characterize any non-principal payment as an expense, fee or premium rather than as interest, (ii) exclude voluntary prepayments and the effects thereof, and (iii) amortize, prorate,
allocate, and spread the total amount of interest throughout the entire contemplated term of the instruments evidencing the Obligations in accordance with the amounts outstanding from time to time thereunder and the maximum legal rate of interest
from time to time in effect under applicable law in order to lawfully charge the maximum amount of interest permitted under applicable law. In the event applicable law provides for an interest ceiling under Chapter 303 of the Texas Finance Code,
that ceiling shall be the weekly ceiling and shall be used when appropriate in determining the maximum amount of interest permitted to be charged. 
 Section 10.18. Lender Obligations Several. 
 The respective obligations of the Lenders
under this Agreement are several and not joint and no Lender shall be responsible for the failure of any other Lender to satisfy its obligations hereunder. 
 Section 10.19. USA Patriot Act Notice. Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies
the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the
Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in accordance with the Act. 

[The remainder of this page intentionally left blank. Signature page follows.] 

  
 [Credit
Agreement] 
 75 

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

			
	CHESAPEAKE ENERGY CORPORATION
		
	By:	 	 /s/ Jennifer M. Grigsby

		 	Jennifer M. Grigsby
		 	Treasurer and Senior Vice President

 [Signature Page to Credit Agreement] 

 
			
	GOLDMAN SACHS BANK USA, as
Administrative Agent and as a Lender
		
	By:	 	 /s/ Robert Ehudin

		 	Name: Robert Ehudin
		 	Title: Authorized Signatory
	
	JEFFERIES FINANCE LLC, as Syndication
Agent and as a Lender
		
	By:	 	 /s/ E.J. Hess

		 	Name: E.J. Hess
		 	Title: Managing Director

 [Signature Page to Credit Agreement]Credit Agreement

 Exhibit 10.2 
 EXECUTION COPY 
  

 
  

U.S. $4,000,000,000 
 364-DAY REVOLVING CREDIT AGREEMENT 
 Dated as of March 8, 2012 

Among 
 KRAFT
FOODS GLOBAL, INC., 
 KRAFT FOODS INC., as Guarantor, 
 and 
 THE INITIAL LENDERS NAMED HEREIN 

and 
 BARCLAYS
BANK PLC and JPMORGAN CHASE BANK, N.A., 
 as Co-Administrative Agents 

and 
 BARCLAYS
BANK PLC, 
 as Paying Agent 
 and 
 CITIBANK, N.A., 

as Syndication Agent 
 and 
 THE ROYAL BANK OF SCOTLAND plc, 

as Documentation Agent 
  

 
 BARCLAYS CAPITAL,

 CITIGROUP GLOBAL MARKETS INC. 
 J.P. MORGAN SECURITIES LLC, 
 and 

RBS SECURITIES INC., 
 as Joint Lead Arrangers and Joint Bookrunners 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	ARTICLE I	  
	
	Definitions and Accounting Terms	  
		
	 SECTION 1.01 Certain Defined Terms
	  	 	1	  
	 SECTION 1.02 Computation of Time Periods
	  	 	14	  
	 SECTION 1.03 Accounting Terms
	  	 	14	  
	
	ARTICLE II	  
	
	Amounts and Terms of the Advances	  
		
	 SECTION 2.01 The Pro Rata Advances
	  	 	15	  
	 SECTION 2.02 Making the Pro Rata Advances
	  	 	15	  
	 SECTION 2.03 Repayment of Pro Rata Advances
	  	 	17	  
	 SECTION 2.04 Interest on Pro Rata Advances
	  	 	17	  
	 SECTION 2.05 Additional Interest on LIBO Rate Advances
	  	 	17	  
	 SECTION 2.06 Conversion of Pro Rata Advances
	  	 	18	  
	 SECTION 2.07 The Competitive Bid Advances
	  	 	18	  
	 SECTION 2.08 LIBO Rate Determination
	  	 	22	  
	 SECTION 2.09 Fees
	  	 	23	  
	 SECTION 2.10 Optional and Mandatory Termination or Reduction of Commitments
	  	 	24	  
	 SECTION 2.11 Optional and Mandatory Prepayments of Pro Rata Advances
	  	 	24	  
	 SECTION 2.12 Increased Costs
	  	 	26	  
	 SECTION 2.13 Illegality
	  	 	27	  
	 SECTION 2.14 Payments and Computations
	  	 	27	  
	 SECTION 2.15 Taxes
	  	 	29	  
	 SECTION 2.16 Sharing of Payments, Etc.
	  	 	31	  
	 SECTION 2.17 Evidence of Debt
	  	 	32	  
	 SECTION 2.18 Use of Proceeds
	  	 	33	  
	 SECTION 2.19 Defaulting Lenders
	  	 	33	  
	
	ARTICLE III	  
	
	Conditions to Effectiveness and Lending	  
		
	 SECTION 3.01 Conditions Precedent to Effectiveness
	  	 	33	  
	 SECTION 3.02 Conditions Precedent to Each Pro Rata Borrowing
	  	 	34	  
	 SECTION 3.03 Conditions Precedent to Each Competitive Bid Borrowing
	  	 	35	  

  
 -i-

					
	 	  	Page	 
	ARTICLE IV	  
	
	Representations and Warranties	  
		
	 SECTION 4.01 Representations and Warranties of Kraft Foods Global
	  	 	35	  
	
	ARTICLE V	  
	
	Covenants	  
		
	 SECTION 5.01 Incorporation of Kraft Foods Covenants by Reference
	  	 	37	  
	 SECTION 5.02 Affirmative Covenants
	  	 	37	  
	 SECTION 5.03 Negative Covenants
	  	 	39	  
	 SECTION 5.04 Incorporation of Financial Covenant by Reference
	  	 	40	  
	
	ARTICLE VI	  
	
	Events of Default	  
	 SECTION 6.01 Events of Default
	  	 	40	  
	 SECTION 6.02 Lenders’ Rights upon Event of Default
	  	 	42	  
	
	ARTICLE VII	  
	
	The Administrative Agent	  
		
	 SECTION 7.01 Authorization and Action
	  	 	43	  
	 SECTION 7.02 Administrative Agent’s Reliance, Etc.
	  	 	44	  
	 SECTION 7.03 The Administrative Agent and Affiliates
	  	 	44	  
	 SECTION 7.04 Lender Credit Decision
	  	 	45	  
	 SECTION 7.05 Indemnification
	  	 	45	  
	 SECTION 7.06 Successor Administrative Agent
	  	 	45	  
	 SECTION 7.07 Co-Administrative Agents, Syndication Agent, Documentation Agent, Joint Bookrunners and Joint Lead
Arrangers
	  	 	46	  
	 SECTION 7.08 Withholding Tax
	  	 	46	  
	
	ARTICLE VIII	  
	
	Guaranty	  
		
	 SECTION 8.01 Guaranty
	  	 	47	  
	 SECTION 8.02 Guaranty Absolute
	  	 	47	  
	 SECTION 8.03 Waivers
	  	 	47	  
	 SECTION 8.04 Continuing Guaranty
	  	 	48	  
	 SECTION 8.05 Termination of Guaranty
	  	 	48	  

  
 -ii-

					
	 	  	Page	 
	ARTICLE IX	  
	
	Miscellaneous	  
		
	 SECTION 9.01 Amendments, Etc.
	  	 	48	  
	 SECTION 9.02 Notices, Etc.
	  	 	49	  
	 SECTION 9.03 No Waiver; Remedies
	  	 	51	  
	 SECTION 9.04 Costs and Expenses
	  	 	51	  
	 SECTION 9.05 Right of Set-Off
	  	 	52	  
	 SECTION 9.06 Binding Effect
	  	 	53	  
	 SECTION 9.07 Assignments and Participations
	  	 	53	  
	 SECTION 9.08 Governing Law
	  	 	57	  
	 SECTION 9.09 Execution in Counterparts
	  	 	57	  
	 SECTION 9.10 Jurisdiction, Etc.
	  	 	57	  
	 SECTION 9.11 Confidentiality
	  	 	59	  
	 SECTION 9.12 Integration
	  	 	59	  
	 SECTION 9.13 USA Patriot Act Notice
	  	 	59	  

 SCHEDULES 
  

							
	 Schedule I
	  	 	—  	  	  	List of Lenders and Commitments
	 Schedule II
	  	 	—  	  	  	List of Applicable Lending Offices
			
	 EXHIBITS
	  				  	
			
	 Exhibit A-1
	  	 	—  	  	  	Form of Pro Rata Note
	 Exhibit A-2
	  	 	—  	  	  	Form of Competitive Bid Note
	 Exhibit B-1
	  	 	—  	  	  	Form of Notice of Pro Rata Borrowing
	 Exhibit B-2
	  	 	—  	  	  	Form of Notice of Competitive Bid Borrowing
	 Exhibit C
	  	 	—  	  	  	Form of Assignment and Acceptance
	 Exhibit D-1
	  	 	—  	  	  	Form of Opinion of Special Counsel for Kraft Foods and Kraft Foods Global
	 Exhibit D-2
	  	 	—  	  	  	Form of Opinion of Special Local Counsel for Kraft Foods
	 Exhibit D-3
	  	 	—  	  	  	Form of Opinion of Internal Counsel for Kraft Foods

  
 -iii-

 364-DAY REVOLVING CREDIT AGREEMENT (as amended from time to time, this
“Agreement”) dated as of March 8, 2012, among KRAFT FOODS GLOBAL, INC., a Delaware corporation (“Kraft Foods Global”); KRAFT FOODS INC., a Virginia corporation (“Kraft Foods”), as guarantor;
the banks, financial institutions and other institutional lenders listed on the signature pages hereof (the “Initial Lenders”); BARCLAYS BANK PLC and JPMORGAN CHASE BANK, N.A., as co-administrative agents (each, in such capacity, a
“Co-Administrative Agent”); BARCLAYS BANK PLC, as paying agent (in such capacity, the “Paying Agent”); CITIBANK, N.A., as syndication agent (in such capacity, the “Syndication Agent”); and THE ROYAL
BANK OF SCOTLAND plc, as documentation agent (in such capacity, the “Documentation Agent”) for the Lenders (as hereinafter defined). 
 The parties hereto agree as follows: 
 ARTICLE I 

Definitions and Accounting Terms 
 SECTION 1.01 Certain Defined Terms. As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of
the terms defined): 
 “Administrative Agent” means the Co-Administrative Agent responsible for performing the
functions of the Administrative Agent under this Agreement, which shall be the Paying Agent, and unless the context otherwise requires, all singular references to “the Administrative Agent” in this Agreement shall be deemed to refer to the
Paying Agent. 
 “Administrative Agent Account” means (a) the account of the Administrative Agent,
maintained by the Administrative Agent, at its office at Barclays Bank PLC, Bank Debt Management Group, Attention: Kraft Portfolio Manager: Noam Azachi, noam.azachi@barcap.com (email), (212) 526-5115 (facsimile), (212) 526-1957
(telephone), or (b) such other account of the Administrative Agent as is designated in writing from time to time by the Administrative Agent to Kraft Foods Global and the Lenders for such purpose. 

“Advance” means a Pro Rata Advance or a Competitive Bid Advance. 

“Agents” means each Co-Administrative Agent, the Paying Agent, the Syndication Agent, the Documentation Agent and each
Joint Bookrunner. 
 “Applicable Unused Line Fee Rate” means (a) for any date prior to the date of the
Spin-Off, a percentage per annum equal to the percentage set forth below determined by reference to the higher of (i) the rating of Kraft Foods’ long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no
outstanding rated long-term senior unsecured Debt of Kraft Foods, the long-term company, issuer or similar ratings established by Standard & Poor’s for Kraft Foods) and (ii) the rating of Kraft Foods’ long-term senior
unsecured Debt from Moody’s, in each case on such date (or, if there shall be no outstanding rated long-term senior unsecured Debt of Kraft Foods, the long-term company, issuer or similar ratings established by Moody’s for Kraft Foods),
and (b) for any date on or following the date of the Spin-Off, a 

 
percentage per annum equal to the percentage set forth below determined by reference to the higher of (i) the rating of Kraft Foods Global’s long-term senior unsecured Debt from
Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Kraft Foods Global, the long-term company, issuer or similar ratings established by Standard & Poor’s for Kraft Foods
Global) and (ii) the rating of Kraft Foods Global’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Kraft Foods Global, the long-term company, issuer or
similar ratings established by Moody’s for Kraft Foods Global), in each case on such date: 
  

					
	 Long-Term Senior Unsecured Debt Rating
	  	Applicable Unused Line Fee
Rate	 
	 A or higher by Standard & Poor’s

A2 or higher by Moody’s
	  	 	0.060	% 
	 A- by Standard & Poor’s

A3 by Moody’s
	  	 	0.075	% 
	 BBB+ by Standard & Poor’s

Baa1 by Moody’s
	  	 	0.100	% 
	 BBB by Standard & Poor’s

Baa2 by Moody’s
	  	 	0.125	% 
	 BBB- by Standard & Poor’s

Baa3 by Moody’s
	  	 	0.150	% 
	 Lower than BBB- by Standard & Poor’s

Lower than Baa3 by Moody’s
	  	 	0.200	% 

 provided that if on any date of determination (x) a rating is available on such date from only one of
Standard & Poor’s and Moody’s but not the other, the Applicable Unused Line Fees Rate shall be determined by reference to the then available rating; and (y) no rating is available from any of Standard & Poor’s,
Moody’s or any other nationally recognized statistical rating organization designated by Kraft Foods Global and approved in writing by the Required Lenders, the Applicable Unused Line Fees Rate shall be 0.200%. 

“Applicable Interest Rate Margin” means (a) for any date prior to the date of the Spin-Off (i) as to any Base
Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (ii) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”,
determined by reference to the higher of (A) the rating of Kraft Foods’ long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Kraft Foods, the
long-term company, issuer or similar ratings established by Standard & Poor’s for Kraft Foods) and (B) the rating of Kraft Foods’ long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated
long-term senior unsecured Debt of Kraft Foods, the long-term company, issuer or similar ratings established by Moody’s for Kraft Foods), in each case on such date, and (b) for any date on or following the date of the Spin-Off (i) as
to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (ii) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate
Spread”, determined by reference to the higher of (A) the rating of Kraft Foods Global’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no

  
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outstanding rated long-term senior unsecured Debt of Kraft Foods Global, the long-term company, issuer or similar ratings established by Standard & Poor’s for Kraft Foods Global)
and (B) the rating of Kraft Foods Global’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Kraft Foods Global, the long-term company, issuer or similar
ratings established by Moody’s for Kraft Foods Global), in each case on such date: 
  

									
	 Long-Term Senior Unsecured Debt Rating
	  	Base Rate Spread	 	 	LIBO Rate Spread	 
	 A or higher by Standard & Poor’s

A2 or higher by Moody’s
	  	 	0.000	% 	 	 	0.875	% 
	 A- by Standard & Poor’s

A3 by Moody’s
	  	 	0.000	% 	 	 	1.000	% 
	 BBB+ by Standard & Poor’s

Baa1 by Moody’s
	  	 	0.125	% 	 	 	1.125	% 
	 BBB by Standard & Poor’s

Baa2 by Moody’s
	  	 	0.250	% 	 	 	1.250	% 
	 BBB- by Standard & Poor’s

Baa3 by Moody’s
	  	 	0.500	% 	 	 	1.500	% 
	 Lower than BBB- by Standard & Poor’s

Lower than Baa3 by Moody’s
	  	 	0.750	% 	 	 	1.750	% 

 provided that if on any date of determination pursuant to clause (a) or (b) above (x) a rating is
available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin for purposes of such clause shall be determined by reference to the then available rating; and
(y) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Kraft Foods Global and approved in writing by the Required Lenders, the
Applicable Interest Rate Margin shall be 0.750% as to any Base Rate Advance and 1.750% as to any LIBO Rate Advance. 

“Applicable Lending Office” means, with respect to each Lender, such Lender’s Domestic Lending Office in the case
of a Pro Rata Advance and, in the case of a Competitive Bid Advance, the office of such Lender notified by such Lender to the Administrative Agent as its Applicable Lending Office with respect to such Competitive Bid Advance. 

“Asset Sale” means the sale, transfer or other disposition of any property by Kraft Foods Global or any Major Domestic
Subsidiary (including any sale and leaseback transaction and any sale of capital stock, but excluding any issuance by Kraft Foods Global of its own capital stock), including any sale, assignment, transfer or other disposal, with or without recourse,
of any notes or accounts receivable or any rights and claims associated therewith. 
 “Assignment and
Acceptance” means an assignment and acceptance entered into by a Lender and an Eligible Assignee, and accepted by the Administrative Agent in substantially the form of Exhibit C hereto. 

“Barclays Capital” means Barclays Capital, the investment banking division of Barclays Bank PLC. 

  
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 “Base Rate” means a fluctuating interest rate per annum in effect from time
to time, which rate per annum shall at all times be equal to the highest of: 
 (i) the rate of interest announced publicly by the
Administrative Agent in New York, New York, from time to time, as the Administrative Agent’s prime rate; 
 (ii) 1/2 of one percent per
annum above the Federal Funds Effective Rate; and 
 (iii) the LIBO Rate for Dollars for a one month Interest Period appearing on Reuters Screen
LIBOR01 on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1% per annum. 

“Base Rate Advance” means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(i). 

“Board” means the Board of Governors of the Federal Reserve System of the United States (or any successor). 

“Borrowing” means a Pro Rata Borrowing or a Competitive Bid Borrowing. 

“Business Day” means a day of the year on which banks are not required or authorized by law to close in New York City
and, if the applicable Business Day relates to any LIBO Rate Advances or Floating Rate Bid Advances, on which dealings are carried on in the London interbank market and banks are open for business in London. 

“Casualty” means any casualty, damage, destruction or other similar loss with respect to real or personal property or
improvements of Kraft Foods Global or any of its Major Domestic Subsidiaries. 
 “Commission” means the United
States Securities and Exchange Commission. 
 “Commitment” means as to any Lender (i) the Dollar amount
set forth opposite such Lender’s name on Schedule I hereto or (ii) if such Lender has entered into an Assignment and Acceptance, the Dollar amount set forth for such Lender in the Register maintained by the Administrative Agent, pursuant
to Section 9.07(d), in each case as such amount may be reduced pursuant to Section 2.10. 
 “Competitive Bid
Advance” means an advance by a Lender to Kraft Foods Global as part of a Competitive Bid Borrowing resulting from the competitive bidding procedure described in Section 2.07 and refers to a Fixed Rate Bid Advance or a Floating Rate Bid
Advance. 
 “Competitive Bid Borrowing” means a borrowing consisting of simultaneous Competitive Bid Advances
from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.07. 

  
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 “Competitive Bid Note” means a promissory note of Kraft Foods Global
payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of Kraft Foods Global to such Lender resulting from a Competitive Bid Advance made by such Lender to Kraft Foods Global. 

“Competitive Bid Reduction” has the meaning specified in Section 2.01. 

“Condemnation” means any taking by a governmental authority of property or assets, or any part thereof or interest
therein, of Kraft Foods Global or any of its Major Domestic Subsidiaries for public or quasi-public use under the power of eminent domain, by reason of any public improvement or condemnation or in any other manner. 

“Consolidated Tangible Assets” means the total assets appearing on a consolidated balance sheet of Kraft Foods Global
and its Subsidiaries, less goodwill and other intangible assets and the minority interests of other Persons in such Subsidiaries, all as determined in accordance with GAAP. 
 “Convert,” “Conversion” and “Converted” each refers to a conversion of Pro Rata Advances of one Type into Pro Rata Advances of the other Type pursuant to
Section 2.06, 2.08 or 2.13. 
 “Debt” means (i) indebtedness for borrowed money or for the deferred
purchase price of property or services, whether or not evidenced by bonds, debentures, notes or similar instruments, (ii) obligations as lessee under leases that, in accordance with accounting principles generally accepted in the United States,
are recorded as capital leases, and (iii) obligations under direct or indirect guaranties in respect of, and obligations (contingent or otherwise) to purchase or otherwise acquire, or otherwise to assure a creditor against loss in respect of,
indebtedness or obligations of any other Person of the kinds referred to in clause (i) or (ii) above. 
 “Debt
Issuance” means the issuance or incurrence by Kraft Foods Global or any of its wholly owned Subsidiaries of any Debt for borrowed money (other than any equity-linked securities that are accorded any level of equity treatment by
Standard & Poor’s or Moody’s) in each case in excess of $100,000,000 per issuance or incurrence or related series of issuances or incurrences as part of the same transaction (and in the case of any such issuance or incurrence
comprising a revolving credit facility, only to the extent any such related series of incurrences or issuances as part of the same transaction results in outstanding Debt under such revolving credit facility in excess of $100,000,000), other than
(a) Debt incurred under the Kraft Foods Global Revolving Credit Agreement in an aggregate principal amount not to exceed $3,000,000,000 at any time outstanding, (b) Debt incurred under credit facilities of Kraft Foods Global and its
Subsidiaries in effect prior to the Effective Date, or any extension or refinancing or replacement facilities in respect thereof, without giving effect to any increases in the aggregate principal amount thereof as of such date, (c) Debt issued
or incurred under commercial paper programs of Kraft Foods Global or any of its Subsidiaries, (d) intercompany Debt owed to Kraft Foods Global or any of its Subsidiaries (or, in the case of any issuance prior to consummation of the Spin-Off,
Kraft Foods) and (e) Debt incurred under this Agreement and/ or the Notes in an aggregate amount not to exceed the aggregate Commitments as of the Effective Date. 

  
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 “Default” means any event specified in Section 6.01 that would
constitute an Event of Default but for the requirement that notice be given or time elapse or both. 
 “Defaulting
Lender” means any Lender, as reasonably determined by the Administrative Agent, that has (a) failed to fund any portion of its Advances within three Business Days of the date required to be funded by it hereunder, (b) notified
Kraft Foods Global, the Administrative Agent or any Lender in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to comply with its
funding obligations under this Agreement or generally under other agreements in which it commits to extend credit, (c) failed, within three Business Days after written request by the Administrative Agent, to confirm that it will comply with the
terms of this Agreement relating to its obligations to fund prospective Advances, (d) otherwise failed to pay over to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within three Business Days
of the date when due, or (e) become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to,
approval of or acquiescence in any such proceeding or appointment or has a parent company that has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken
any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment, in the case of clauses (a) through (d) unless the subject of a good faith dispute and such Lender has notified
the Administrative Agent in writing of such; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any ownership interest in such Lender or a parent company thereof or the exercise of
control over a Lender or parent company thereof by a Governmental Authority or instrumentality thereof. 

“Dollars” and the “$” sign each means lawful currency of the United States of America. 

“Domestic Lending Office” means, with respect to any Lender, the office of such Lender specified as its “Domestic
Lending Office” opposite its name on Schedule II hereto or in the Assignment and Acceptance pursuant to which it became a Lender, or such other office of such Lender as such Lender may from time to time specify to Kraft Foods Global and
the Administrative Agent. 
 “Effective Date” has the meaning specified in Section 3.01. 

“Eligible Assignee” means (i) a commercial bank organized under the laws of the United States, or any State
thereof, and having total assets in excess of $5,000,000,000; (ii) a commercial bank organized under the laws of any other country which is a member of the Organization for Economic Cooperation and Development (or any successor)
(“OECD”), or a political subdivision of any such country, and having total assets in excess of $5,000,000,000, provided that such bank is acting through a branch or agency located in the country in which it is organized or
another country which is also a member of the OECD or the Cayman Islands; (iii) the central bank of any country which is a member of the OECD; (iv) a commercial finance company or finance Subsidiary of a corporation organized under the
laws of the United States, or any State thereof, and having total assets in excess of $3,000,000,000; (v) an insurance company 

  
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organized under the laws of the United States, or any State thereof, and having total assets in excess of $5,000,000,000; (vi) any Lender; (vii) an affiliate of any Lender; and
(viii) any other bank, commercial finance company, insurance company or other Person approved in writing by Kraft Foods Global (such approval not to be unreasonably withheld, delayed or conditioned), which approval shall be notified to the
Administrative Agent; provided, that no Defaulting Lender shall be permitted to be an Eligible Assignee. 

“Equity Capital Markets Transaction” means the issuance or sale in a registered public offering, Rule 144A/Regulation S
transaction or private placement of capital stock, or any equity-linked securities that are accorded any level of equity treatment by Standard & Poor’s or Moody’s, of Kraft Foods Global (or, prior to consummation of the Spin-Off,
Kraft Foods), other than issuances (a) in connection with consummation of the Spin-Off, (b) pursuant to employee benefit plans of Kraft Foods Global (or, prior to consummation of the Spin-Off, Kraft Foods) and (c) to Kraft Foods
Global or any of its Subsidiaries (or, prior to consummation of the Spin-Off, Kraft Foods). 
 “ERISA” means
the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings issued thereunder. 
 “ERISA Affiliate” means any Person that for purposes of Title IV of ERISA is a member of Kraft Foods Global’s controlled group, or under common control with Kraft Foods Global,
within the meaning of Section 414 of the Internal Revenue Code. 
 “ERISA Event” means
(a) (i) the occurrence with respect to a Plan of a reportable event, within the meaning of Section 4043 of ERISA, unless the 30-day notice requirement with respect thereto has been waived by the Pension Benefit Guaranty Corporation
(or any successor) (“PBGC”), or (ii) the requirements of subsection (1) of Section 4043(b) of ERISA (without regard to subsection (2) of such section) are met with respect to a contributing sponsor, as defined in
Section 4001(a)(13) of ERISA, of a Plan, and an event described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such Plan within the following 30 days;
(b) the application for a minimum funding waiver with respect to a Plan; (c) the provision by the administrator of any Plan of a notice of intent to terminate such Plan, pursuant to Section 4041(a)(2) of ERISA (including any such
notice with respect to a plan amendment referred to in Section 4041(e) of ERISA); (d) the cessation of operations at a facility of Kraft Foods Global or any of its ERISA Affiliates in the circumstances described in Section 4062(e) of
ERISA; (e) the withdrawal by Kraft Foods Global or any of its ERISA Affiliates from a Multiple Employer Plan during a plan year for which it was a substantial employer, as defined in Section 4001(a)(2) of ERISA; (f) the conditions set
forth in Section 303(k)(1)(A) and (B) of ERISA to the creation of a lien upon property or rights to property of Kraft Foods Global or any of its ERISA Affiliates for failure to make a required payment to a Plan are satisfied; or
(g) the termination of a Plan by the PBGC pursuant to Section 4042 of ERISA, or the occurrence of any event or condition described in Section 4042 of ERISA that constitutes grounds for the termination of, or the appointment of a
trustee to administer, a Plan. 

  
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 “Eurocurrency Lending Office” means, with respect to any Lender, the office
of such Lender specified as its “Eurocurrency Lending Office” opposite its name on Schedule II hereto or in the Assignment and Acceptance pursuant to which it became a Lender (or, if no such office is specified, its Domestic Lending
Office), or such other office of such Lender as such Lender may from time to time specify to Kraft Foods Global and the Administrative Agent. 
 “Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the Board, as in effect from time to time. 

“Eurocurrency Rate Reserve Percentage” for any Interest Period, for all LIBO Rate Advances or Floating Rate Bid Advances
comprising part of the same Borrowing owing to a Lender which is a member of the Federal Reserve System, means the reserve percentage applicable for such Lender two Business Days before the first day of such Interest Period under regulations issued
from time to time by the Board for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with
respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on LIBO Rate Advances or Floating Rate Bid
Advances is determined) having a term equal to such Interest Period. 
 “Event of Default” has the meaning
specified in Section 6.01. 
 “Exempted Asset Sale” means an Asset Sale (a) comprising a sale,
transfer or other disposition of properties or assets by Kraft Foods Global or any of its Subsidiaries to Kraft Foods Global or any of its Subsidiaries, (b) comprising a sale, transfer or other disposition of inventory, plant, equipment or
other property (including cash and cash equivalents) in the ordinary course of business, (c) comprising a transfer of properties or assets by Kraft Foods Global or any of its Major Domestic Subsidiaries in which the consideration received by
the transferor consists of properties or assets (other than cash or credit) of substantially equivalent or greater fair market value (as determined in good faith by Kraft Foods Global) that will be used in a line of business similar to the business
of Kraft Foods Global or any of such Major Domestic Subsidiaries or reasonably related, ancillary or complementary thereto, (d) comprising a sale, transfer or other disposition of properties or assets by Kraft Foods Global or any of its
Subsidiaries to Kraft Foods or any of its Subsidiaries, in each case to the extent necessary to consummate the Spin-Off, or (e) the Net Cash Proceeds of which do not exceed $50,000,000 per Asset Sale or related series of Asset Sales.

 “FATCA” means Sections 1471 through 1474 of the Internal Revenue Code as enacted as of the date hereof
(without regard to the delayed effective date) or any amended or successor version that is substantively comparable and, in each case, regulations promulgated thereunder or official interpretations thereof. 

“Federal Bankruptcy Code” means the Bankruptcy Reform Act of 1978, as amended from time to time. 

“Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next
1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as 

  
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published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if
necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it. 

“Fee Letter” means the fee letter, dated as of the date hereof, among Kraft Foods Global and the Administrative Agent.

 “Fixed Rate Bid Advance” means a Competitive Bid Advance bearing interest based on a fixed rate per annum as
specified in the relevant Notice of Competitive Bid Borrowing. 
 “Floating Rate Bid Advance” means a
Competitive Bid Advance bearing interest at a rate of interest quoted as a margin over the LIBO Rate as specified in the relevant Notice of Competitive Bid Borrowing. 
 “GAAP” has the meaning specified in Section 1.03. 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof, any agency,
authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government.

 “Guaranty” has the meaning specified in Section 8.01. 

“Home Jurisdiction U.S. Withholding Taxes” means withholding for United States federal income taxes and United States
federal back-up withholding taxes. 
 “Interest Period” means, for each LIBO Rate Advance comprising part of
the same Pro Rata Borrowing and each Floating Rate Bid Advance comprising part of the same Competitive Bid Borrowing, the period commencing on the date of such LIBO Rate Advance or Floating Rate Bid Advance or the date of Conversion of any Base Rate
Advance into such LIBO Rate Advance and ending on the last day of the period selected by Kraft Foods Global requesting such Borrowing pursuant to the provisions below. The duration of each such Interest Period shall be one (or less than one month if
available to all Lenders), two, three or six months, as Kraft Foods Global may select upon notice received by the Administrative Agent not later than 11:00 a.m. (New York City time) on the third Business Day prior to the first day of such Interest
Period; provided, however, that: 
 (a) Kraft Foods Global may not select any Interest Period that
ends after the Termination Date; 
 (b) whenever the last day of any Interest Period would otherwise occur on a
day other than a Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided that if such extension would cause the last day of such Interest Period to occur in the next
following calendar month, the last day of such Interest Period shall occur on the immediately preceding Business Day; and 

  
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 (c) whenever the first day of any Interest Period occurs on a day of an
initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months equal to the number of months in such Interest Period, such Interest Period shall end
on the last Business Day of such succeeding calendar month. 
 “Internal Revenue Code” means the Internal
Revenue Code of 1986, as amended from time to time, and the regulations promulgated and the rulings issued thereunder. 

“Joint Bookrunners” means Barclays Capital, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBS
Securities Inc. 
 “Joint Lead Arrangers” means Barclays Capital, Citigroup Global Markets Inc.,
J.P. Morgan Securities LLC and RBS Securities Inc. 
 “Kraft Foods Global Revolving Credit Agreement”
means a multi-year revolving credit facility to be entered into by Kraft Foods Global. 
 “Kraft Foods Revolving Credit
Agreement” means Kraft Foods’ existing U.S.$4,500,000,000 4-Year Revolving Credit Agreement dated as of April 1, 2011, as amended, restated, supplemented or otherwise modified in accordance with its terms. 

“Lenders” means the Initial Lenders and their respective successors and permitted assignees. 

“LIBO Rate” means, with respect to any LIBO Rate Advance or Floating Rate Bid Advance for any Interest Period, an
interest rate per annum equal to either: 
 (a) the offered rate per annum at which deposits in Dollars appear on
Reuters Screen LIBOR01 (or any successor page) as of 11:00 a.m. (London time) two Business Days before the first day of such Interest Period, or 
 (b) if the LIBO Rate does not appear on Reuters Screen LIBOR01 (or any successor page), then the LIBO Rate will be determined by taking the average (rounded upward to the nearest whole multiple of 1/16 of
1% per annum, if such average is not such a multiple) of the rates per annum at which deposits in Dollars are offered by the principal office of each of the Reference Banks in London, England to prime banks in the London interbank market at
11:00 a.m. (London time) two Business Days before the first day of such Interest Period for an amount substantially equal to the amount that would be the Reference Banks’ respective ratable shares of such Borrowing outstanding during such
Interest Period and for a period equal to such Interest Period, as determined by the Administrative Agent, subject, however, to the provisions of Section 2.08. 
 “LIBO Rate Advance” means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii). 
 “Lien” has the meaning specified in Section 5.03(a). 

  
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 “Major Domestic Subsidiary” means any Major Subsidiary of Kraft Foods
Global that is incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia. 
 “Major Subsidiary” means any Subsidiary of Kraft Foods Global (a) more than 50% of the voting securities of which is owned directly or indirectly by Kraft Foods Global,
(b) which is organized and existing under, or has its principal place of business in, the United States or any political subdivision thereof, Canada or any political subdivision thereof, any country which is a member of the European Union on
the date hereof or any political subdivision thereof, or Switzerland, Norway or Australia or any of their respective political subdivisions, and (c) which has at any time total assets (after intercompany eliminations) exceeding $1,000,000,000.

 “Margin Stock” means margin stock, as defined in Regulation U. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Kraft Foods
Global or any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding five plan years made or accrued an obligation to make contributions, such plan being maintained pursuant to one or more
collective bargaining agreements. 
 “Multiple Employer Plan” means a single employer plan, as defined in
Section 4001(a)(15) of ERISA, that (a) is maintained for employees of Kraft Foods Global or any ERISA Affiliate and at least one Person other than Kraft Foods Global and the ERISA Affiliates or (b) was so maintained and in respect of
which Kraft Foods Global or any ERISA Affiliate could have liability under Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated. 
 “Net Cash Proceeds” means: 
 (a) with respect to any Asset Sale,
Casualty or Condemnation (i) the gross amount of all cash proceeds actually received by Kraft Foods Global or one or more of its Major Domestic Subsidiaries in respect of such Asset Sale, Casualty or Condemnation (including any cash proceeds
received as proceeds of any non-cash proceeds of any Asset Sale, Casualty or Condemnation as and when received), less (ii) the sum of (A) the amount, if any, of all taxes (other than income taxes) and all income taxes (as estimated in good
faith by a senior financial or senior accounting officer of Kraft Foods Global giving effect to the overall tax position of Kraft Foods Global and its Subsidiaries), and customary fees, brokerage fees, commissions, costs and other expenses (other
than those payable to Kraft Foods Global or one or more of its Major Domestic Subsidiaries) that are incurred in connection with such Asset Sale, Casualty or Condemnation and are payable by Kraft Foods Global or one or more of its Major Domestic
Subsidiaries, but only to the extent not already deducted in arriving at the amount referred to in clause (i) above, (B) appropriate amounts that must be reserved in accordance with GAAP for any liabilities associated with such Asset Sale,
Casualty or Condemnation, (C) if applicable, the principal amount, prepayment premium or penalty, if any, and accrued but unpaid interest on any 

  
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Debt secured by a Lien permitted under this Agreement that has been repaid or refinanced in accordance with its terms with the proceeds of such Asset Sale, Casualty or Condemnation, and
(D) any payments to be made by Kraft Foods Global or one or more of its Major Domestic Subsidiaries as agreed between Kraft Foods Global or such Major Domestic Subsidiaries, as applicable, and the purchaser of any assets subject to such Asset
Sale, Casualty or Condemnation in connection therewith; and 
 (b) with respect to any Equity Capital Markets Transaction or Debt
Issuance, the gross amount of cash proceeds paid to or received by Kraft Foods Global (or, prior to consummation of the Spin-Off, Kraft Foods) in respect of such Equity Capital Markets Transaction or by Kraft Foods Global or one or more of its
wholly owned Subsidiaries in respect of such Debt Issuance, as the case may be (including cash proceeds as and when subsequently received at any time in respect of such Equity Capital Markets Transaction or Debt Issuance from non-cash consideration
initially received or otherwise), net of underwriting discounts and commissions or placement fees, investment banking fees, legal fees, consulting fees, accounting fees and other customary fees and expenses directly incurred by the applicable
recipient in connection therewith (other than those payable to Kraft Foods or Kraft Foods Global or one or more of its wholly owned Subsidiaries). 
 “Non-U.S. Lender” means, with respect to Kraft Foods Global, any Lender that is not a “United States person” within the meaning of Section 7701(a)(30) of the Internal
Revenue Code. 
 “North American Grocery Business” means any group of businesses that primarily consists of
Kraft Foods’ current U.S. Beverages, Cheese, Convenient Meals and Grocery segments, grocery-related categories in Kraft Foods’ Canada & N.A. Foodservice segment as well as the Planters and Corn Nuts brands and
businesses. 
 “Note” means a Pro Rata Note or a Competitive Bid Note. 

“Notice of Competitive Bid Borrowing” has the meaning specified in Section 2.07(b). 

“Notice of Pro Rata Borrowing” has the meaning specified in Section 2.02(a). 

“Obligations” has the meaning specified in Section 8.01. 

“Other Taxes” has the meaning specified in Section 2.15(b). 

“Participant Register” has the meaning specified in Section 9.07(e). 

“Patriot Act” has the meaning specified in Section 9.13. 

“Person” means an individual, partnership, corporation (including a business trust), joint stock company, trust,
unincorporated association, joint venture, limited liability company or other entity, or a government or any political subdivision or agency thereof. 
 “Plan” means a Single Employer Plan or a Multiple Employer Plan. 

  
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 “Prepayment Threshold Amount” means $7,000,000,000. 

“Pro Rata Advance” means an advance by a Lender to Kraft Foods Global as part of a Pro Rata Borrowing and refers to a
Base Rate Advance or a LIBO Rate Advance (each of which shall be a “Type” of Pro Rata Advance). 
 “Pro Rata
Borrowing” means a borrowing consisting of simultaneous Pro Rata Advances of the same Type made by each of the Lenders pursuant to Section 2.01. 
 “Pro Rata Note” means a promissory note of Kraft Foods Global payable to the order of any Lender, delivered pursuant to a request made under Section 2.17 in substantially the form of
Exhibit A-1 hereto, evidencing the aggregate indebtedness of Kraft Foods Global to such Lender resulting from the Pro Rata Advances made by such Lender to Kraft Foods Global. 
 “Reference Banks” means the Joint Bookrunners. 

“Register” has the meaning specified in Section 9.07(d). 

“Regulation A” means Regulation A of the Board, as in effect from time to time. 

“Regulation U” means Regulation U of the Board, as in effect from time to time. 

“Required Lenders” means at any time Lenders having Pro Rata Advances representing more than 50% of the aggregate
outstanding Pro Rata Advances at such time, or, if no Pro Rata Advances are then outstanding, Lenders having Commitments representing more than 50% of the aggregate Commitments at such time. 

“Required Prepayment Amount” has the meaning specified in Section 2.10(b). 

“Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is
maintained for employees of Kraft Foods Global or any ERISA Affiliate and no Person other than Kraft Foods Global and the ERISA Affiliates or (b) was so maintained and in respect of which Kraft Foods Global or any ERISA Affiliate could have
liability under Section 4069 of ERISA in the event such plan has been or were to be terminated. 

“Spin-Off” means a transaction or series of related transactions, substantially consistent in all material respects with
the descriptions thereof in any public disclosures made by Kraft Foods on or prior to the date hereof, pursuant to which Kraft Foods shall separate substantially all of its North American Grocery Business and the remainder of its businesses into two
separate public companies, with Kraft Foods Global holding substantially all of the North American Grocery Business and becoming a public company following the spin-off of Kraft Foods Global to the shareholders of Kraft Foods. 

“Standard & Poor’s” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc. 

  
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 “Subsidiary” of any Person means any Person of which (or in which) more
than 50% of the outstanding capital stock having voting power to elect a majority of the Board of Directors of such Person (irrespective of whether at the time capital stock of any other class or classes of such corporation shall or might have
voting power upon the occurrence of any contingency) is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person’s other Subsidiaries.

 “Taxes” has the meaning specified in Section 2.15(a). 

“Termination Date” means the earlier of March 7, 2013 and the date of termination in whole of the Commitments
pursuant to Section 2.10 or 6.02. 
 “Unapplied Amount” means an amount equal to the sum of (a) the
aggregate Net Cash Proceeds received by Kraft Foods Global and its wholly owned Subsidiaries from Debt Issuances after the Effective Date, (b) the aggregate principal amount of debt securities issued by Kraft Foods Global after the Effective
Date but prior to consummation of the Spin-Off in exchange for existing Debt of Kraft Foods or any of its Subsidiaries and (c) the aggregate Net Cash Proceeds received by Kraft Foods Global (and, prior to consummation of the Spin-Off, Kraft
Foods) from Equity Capital Markets Transactions after the Effective Date, in each case to the extent such Net Cash Proceeds (or, in the case of clause (b), an amount equal to the principal amount of such debt securities) have not been applied to
prepay Pro Rata Advances in accordance with Section 2.11(b). 
 “Unused Line Fee” has the meaning
specified in Section 2.09(a). 
 SECTION 1.02 Computation of Time Periods. In this Agreement in the computation of
periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding.” 

SECTION 1.03 Accounting Terms. All accounting terms not specifically defined herein shall be construed in accordance with
accounting principles generally accepted in the United States of America (subject to the exceptions set forth in this Section 1.03, “GAAP”), except that if there has been a material change in an accounting principle affecting
the definition of an accounting term as compared to that applied in the preparation of the financial statements of Kraft Foods as of and for the year ended December 31, 2011, then such new accounting principle shall not be used in the
determination of the amount associated with that accounting term. A material change in an accounting principle is one that, in the year of its adoption, changes the amount associated with the relevant accounting term for any quarter in such year by
more than 10%. 

  
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 ARTICLE II 
 Amounts and Terms of the Advances 
 SECTION 2.01 The Pro Rata Advances.

 (a) Obligation To Make Pro Rata Advances. Each Lender severally agrees, on the terms and conditions hereinafter set
forth, to make Pro Rata Advances to Kraft Foods Global in Dollars from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such
Lender’s Commitment; provided, however, that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and
such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a “Competitive Bid
Reduction”). 
 (b) Amount of Pro Rata Borrowings. Each Pro Rata Borrowing shall be in an aggregate amount of no
less than $50,000,000 or an integral multiple of $1,000,000 in excess thereof. 
 (c) Type of Pro Rata Advances. Each Pro
Rata Borrowing shall consist of Pro Rata Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment and subject to this Section 2.01, Kraft
Foods Global may borrow under this Section 2.01, prepay pursuant to Section 2.11 or repay pursuant to Section 2.03 and reborrow under this Section 2.01. 
 SECTION 2.02 Making the Pro Rata Advances. 
 (a) Notice of Pro Rata
Borrowing. Each Pro Rata Borrowing shall be made on notice, given not later than (x) 11:00 a.m. (New York City time) on the third Business Day prior to the date of the proposed Pro Rata Borrowing in the case of a Pro Rata Borrowing
consisting of LIBO Rate Advances, or (y) 9:00 a.m. (New York City time) on the Business Day of the proposed Pro Rata Borrowing in the case of a Pro Rata Borrowing consisting of Base Rate Advances, by Kraft Foods Global to the Administrative
Agent, which shall give to each Lender prompt notice thereof by telecopier. Each such notice of a Pro Rata Borrowing (a “Notice of Pro Rata Borrowing”) shall be by telephone, confirmed immediately in writing, by registered mail,
email or telecopier in substantially the form of Exhibit B-1 hereto, specifying therein the requested: 
 (i)
date of such Pro Rata Borrowing, 
 (ii) Type of Advances comprising such Pro Rata Borrowing, 

(iii) aggregate amount of such Pro Rata Borrowing, and 

  
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 (iv) in the case of a Pro Rata Borrowing consisting of LIBO Rate Advances,
the initial Interest Period for each such Pro Rata Advance. Notwithstanding anything herein to the contrary, Kraft Foods Global may not select LIBO Rate Advances for any Pro Rata Borrowing if the obligation of the Lenders to make LIBO Rate Advances
shall then be suspended pursuant to Section 2.06(b), 2.08(c) or 2.13. 
 (b) Funding Pro Rata Advances. Each Lender
shall, before 11:00 a.m. (New York City time) on the date of such Pro Rata Borrowing, make available for the account of its Applicable Lending Office to the Administrative Agent at the Administrative Agent Account, in same day funds, such
Lender’s ratable portion of such Pro Rata Borrowing. Promptly after receipt of such funds by the Administrative Agent, and upon fulfillment of the applicable conditions set forth in Article III, the Administrative Agent will make such funds
available to the Kraft Foods Global at the address of the Administrative Agent referred to in Section 9.02. 
 (c)
Irrevocable Notice. Each Notice of Pro Rata Borrowing of Kraft Foods Global shall be irrevocable and binding on Kraft Foods Global. In the case of any Pro Rata Borrowing that the related Notice of Pro Rata Borrowing specifies is to be
comprised of LIBO Rate Advances, Kraft Foods Global shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any failure to fulfill on or before the date specified in such Notice of Pro Rata Borrowing for
such Pro Rata Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other
funds acquired by such Lender to fund the Pro Rata Advance to be made by such Lender as part of such Pro Rata Borrowing when such Pro Rata Advance, as a result of such failure, is not made on such date. 

(d) Lender’s Ratable Portion. Unless the Administrative Agent shall have received notice from a Lender prior to 11:00 a.m.
(New York City time) on the day of any Pro Rata Borrowing that such Lender will not make available to the Administrative Agent such Lender’s ratable portion of such Pro Rata Borrowing, the Administrative Agent may assume that such Lender has
made such portion available to the Administrative Agent on the date of such Pro Rata Borrowing in accordance with Section 2.02(b) and the Administrative Agent may, in reliance upon such assumption, make available to Kraft Foods Global on such
date a corresponding amount. If and to the extent that such Lender shall not have so made such ratable portion available to the Administrative Agent, such Lender and Kraft Foods Global severally agree to repay to the Administrative Agent, forthwith
on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to Kraft Foods Global until the date such amount is repaid to the Administrative Agent, at: 

(i) in the case of Kraft Foods Global, the higher of (A) the interest rate applicable at the time to Pro Rata
Advances comprising such Pro Rata Borrowing and (B) the cost of funds incurred by the Administrative Agent, in respect of such amount, and 
 (ii) in the case of such Lender, the Federal Funds Effective Rate. 
 If such Lender shall repay to
the Administrative Agent such corresponding amount, such amount so repaid shall constitute such Lender’s Pro Rata Advance as part of such Pro Rata Borrowing for purposes of this Agreement. 

  
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 (e) Independent Lender Obligations. The failure of any Lender to make the Pro Rata
Advance to be made by it as part of any Pro Rata Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Pro Rata Advance on the date of such Pro Rata Borrowing, but no Lender shall be responsible for the
failure of any other Lender to make the Pro Rata Advance to be made by such other Lender on the date of any Pro Rata Borrowing. 

SECTION 2.03 Repayment of Pro Rata Advances. Kraft Foods Global shall repay to the Administrative Agent for the ratable account of
each Lender on the Termination Date applicable to such Lender the unpaid principal amount of the Pro Rata Advances of such Lender then outstanding. 
 SECTION 2.04 Interest on Pro Rata Advances. 
 (a) Scheduled
Interest. Kraft Foods Global shall pay interest on the unpaid principal amount of each Pro Rata Advance owing by Kraft Foods Global to each Lender from the date of such Pro Rata Advance until such principal amount shall be paid in full, at the
following rates per annum: 
 (i) Base Rate Advances. During such periods as such Pro Rata Advance is a
Base Rate Advance, a rate per annum equal at all times to the sum of (1) the Base Rate in effect from time to time plus (2) the Applicable Interest Rate Margin in effect from time to time, payable in arrears quarterly on the last Business
Day of each March, June, September and December, and on the date such Base Rate Advance shall be Converted or paid in full either prior to or on the Termination Date. 

(ii) LIBO Rate Advances. During such periods as such Pro Rata Advance is a LIBO Rate Advance, a rate per annum
equal at all times during each Interest Period for such Pro Rata Advance to the sum of (x) the LIBO Rate for such Interest Period for such Pro Rata Advance plus (y) the Applicable Interest Rate Margin in effect from time to time, payable
in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period, and on the
date such LIBO Rate Advance shall be Converted or paid in full either prior to or on the Termination Date. 
 (b) Default
Interest. Upon the occurrence and during the continuance of an Event of Default, Kraft Foods Global shall pay interest on the unpaid principal amount of each Pro Rata Advance owing to each Lender, payable in arrears on the dates referred to in
Section 2.04(a)(i) or Section 2.04(a)(ii), as applicable, at a rate per annum equal at all times to 1% per annum above the rate per annum required to be paid on such Pro Rata Advance. 

SECTION 2.05 Additional Interest on LIBO Rate Advances. Kraft Foods Global shall pay to each Lender, so long as such Lender shall
be required under regulations of the Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each LIBO Rate Advance of such Lender to
Kraft Foods Global, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder 

  
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obtained by subtracting (i) the LIBO Rate for the Interest Period for such Advance from (ii) the rate obtained by dividing such LIBO Rate by a percentage equal to 100% minus the
Eurocurrency Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such Advance. Such additional interest shall be determined by such Lender and notified to Kraft Foods Global through
the Administrative Agent. 
 SECTION 2.06 Conversion of Pro Rata Advances. 

(a) Conversion upon Absence of Interest Period. If Kraft Foods Global shall fail to select the duration of any Interest Period for
any LIBO Rate Advances in accordance with the provisions contained in the definition of the term “Interest Period,” the Administrative Agent will forthwith so notify Kraft Foods Global and the Lenders and such Advances will automatically,
on the last day of the then existing Interest Period therefor, Convert into Base Rate Advances. 
 (b) Conversion upon Event
of Default. Upon the occurrence and during the continuance of any Event of Default under Section 6.01(a), the Administrative Agent or the Required Lenders may elect that (i) each LIBO Rate Advance be, on the last day of the then
existing Interest Period therefor, Converted into Base Rate Advances and (ii) the obligation of the Lenders to make, or to Convert Advances into LIBO Rate Advances be suspended. 

(c) Voluntary Conversion. Subject to the provisions of Sections 2.06(b), 2.08(c) and 2.13, Kraft Foods Global may Convert all
of its Pro Rata Advances of one Type constituting the same Pro Rata Borrowing into Advances of the other Type on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) on the third Business Day
prior to the date of the proposed Conversion; provided, however, that the Conversion of a LIBO Rate Advance into a Base Rate Advance may be made on, and only on, the last day of an Interest Period for such LIBO Rate Advance. Each such
notice of a Conversion shall, within the restrictions specified above, specify 
 (i) the date of such
Conversion; 
 (ii) the Pro Rata Advances to be Converted; and 

(iii) if such Conversion is into LIBO Rate Advances, the duration of the Interest Period for each such Pro Rata Advance.

 SECTION 2.07 The Competitive Bid Advances. 
 (a) Competitive Bid Advances’ Impact on Commitments. Each Lender severally agrees that Kraft Foods Global may make Competitive Bid Borrowings under this Section 2.07 from time to time on
any Business Day during the period from the Effective Date until the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding
shall not exceed the aggregate amount of the Commitments of the Lenders. As provided in Section 2.01, the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the
Competitive Bid Advances then outstanding, and such deemed use of the aggregate amount of the Commitments shall be applied 

  
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to the Lenders ratably according to their respective Commitments; provided, however, that any Lender’s Competitive Bid Advances shall not otherwise reduce that Lender’s
obligation to lend its pro rata share of the remaining available Commitments. 
 (b) Notice of Competitive
Bid Borrowing. Kraft Foods Global may request a Competitive Bid Borrowing under this Section 2.07 by delivering to the Administrative Agent, by email or telecopier, a notice of a Competitive Bid Borrowing (a “Notice of Competitive
Bid Borrowing”), in substantially the form of Exhibit B-2 hereto, specifying therein the following: 

(i) date of such proposed Competitive Bid Borrowing; 

(ii) aggregate amount of such proposed Competitive Bid Borrowing; 

(iii) interest rate basis and day count convention to be offered by the Lenders; 

(iv) in the case of a Competitive Bid Borrowing consisting of Floating Rate Bid Advances, Interest Period, or in the case
of a Competitive Bid Borrowing consisting of Fixed Rate Bid Advances, maturity date for repayment of each Fixed Rate Bid Advance to be made as part of such Competitive Bid Borrowing (which maturity date may not be earlier than the date occurring
seven days after the date of such Competitive Bid Borrowing or later than the earlier of (A) 360 days after the date of such Competitive Bid Borrowing and (B) the Termination Date); 

(v) interest payment date or dates relating thereto; location of Kraft Foods Global’s account to which funds are to
be advanced; and 
 (vi) other terms (if any) to be applicable to such Competitive Bid Borrowing. 

Kraft Foods Global shall deliver a Notice of Competitive Bid Borrowing to the Administrative Agent not later than 10:00 a.m. (New York City time)
(x) at least two Business Days prior to the date of the proposed Competitive Bid Borrowing, if Kraft Foods Global shall specify in the Notice of Competitive Bid Borrowing that the Competitive Bid Borrowing shall be Fixed Rate Bid Advances, or
(y) at least four Business Days prior to the date of the proposed Competitive Bid Borrowing, if Kraft Foods Global shall specify in the Notice of Competitive Bid Borrowing that the Competitive Bid Borrowing shall be Floating Rate Bid Advances.
Each Notice of Competitive Bid Borrowing shall be irrevocable and binding on Kraft Foods Global. The Administrative Agent shall in turn promptly notify each Lender of each request for a Competitive Bid Borrowing received by it from Kraft Foods
Global by sending such Lender a copy of the related Notice of Competitive Bid Borrowing. 
 (c) Discretion as to Competitive
Bid Advances. Each Lender may, in its sole discretion, elect to irrevocably offer to make one or more Competitive Bid Advances to Kraft Foods Global as part of such proposed Competitive Bid Borrowing at a rate or rates of interest specified by
such Lender in its sole discretion, by notifying the Administrative Agent (which shall give prompt notice thereof to Kraft Foods Global), before 9:30 a.m. (New York City time) (A) on the Business Day prior to the date of such proposed
Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Fixed Rate Bid Advances, and (B) on the third Business Day prior to the date of such proposed Competitive Bid Borrowing, in the case of

  
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a Competitive Bid Borrowing consisting of Floating Rate Bid Advances; provided that, if the Administrative Agent in its capacity as a Lender shall, in its sole discretion, elect to make
any such offer, it shall notify Kraft Foods Global of such offer at least 30 minutes before the time and on the date on which notice of such election is to be given by any other Lender to the Administrative Agent. In such notice, the Lender shall
specify the following: 
 (i) the minimum amount and maximum amount of each Competitive Bid Advance which such
Lender would be willing to make as part of such proposed Competitive Bid Borrowing (which amounts may, subject to the proviso to the first sentence of Section 2.07(a), exceed such Lender’s Commitment); 

(ii) the rate or rates of interest therefor; and 

(iii) such Lender’s Applicable Lending Office with respect to such Competitive Bid Advance. 

If any Lender shall elect not to make such an offer, such Lender shall so notify the Administrative Agent before 9:30 a.m. (New York City time) on the
date on which notice of such election is to be given to the Administrative Agent by the other Lenders, and such Lender shall not be obligated to, and shall not, make any Competitive Bid Advance as part of such Competitive Bid Borrowing;
provided further that the failure by any Lender to give such notice shall not cause such Lender to be obligated to make any Competitive Bid Advance as part of such proposed Competitive Bid Borrowing. 

(d) Selection of Lender Bids. Kraft Foods Global shall, in turn, (A) before 12:00 noon (New York City time) on the Business
Day prior to the date of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Fixed Rate Bid Advances and (B) before 12:00 noon (New York City time) on the third Business Day prior to the date of
such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Floating Rate Bid Advances, either: 
 (i) cancel such Competitive Bid Borrowing by giving the Administrative Agent notice to that effect, or 
 (ii) accept, in its sole discretion, one or more of the offers made by any Lender or Lenders pursuant to Section 2.07(c), by giving notice to the Administrative Agent of the amount of each
Competitive Bid Advance (which amount shall be equal to or greater than the minimum amount, and equal to or less than the maximum amount, notified to Kraft Foods Global by the Administrative Agent on behalf of such Lender, for such Competitive Bid
Advance pursuant to Section 2.07(c) to be made by each Lender as part of such Competitive Bid Borrowing) and reject any remaining offers made by Lenders pursuant to Section 2.07(c) by giving the Administrative Agent notice to that effect.
Kraft Foods Global shall accept the offers made by any Lender or Lenders to make Competitive Bid Advances in order of the lowest to the highest rates of interest offered by such Lenders. If two or more Lenders have offered the same interest rate,
the amount to be borrowed at such interest rate will be allocated among such Lenders in proportion to the maximum amount that each such Lender offered at such interest rate. 

  
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 If Kraft Foods Global notifies the Administrative Agent that such Competitive Bid Borrowing is canceled
pursuant to Section 2.07(d)(i), or if Kraft Foods Global fails to give timely notice in accordance with Section 2.07(d), the Administrative Agent shall give prompt notice thereof to the Lenders and such Competitive Bid Borrowing shall not
be made. 
 (e) Competitive Bid Borrowing. If Kraft Foods Global accepts one or more of the offers made by any Lender or
Lenders pursuant to Section 2.07(d)(ii), the Administrative Agent shall in turn promptly notify: 
 (i) each
Lender that has made an offer as described in Section 2.07(c), whether or not any offer or offers made by such Lender pursuant to Section 2.07(c) have been accepted by Kraft Foods Global; 

(ii) each Lender that is to make a Competitive Bid Advance as part of such Competitive Bid Borrowing, of the date and
amount of each Competitive Bid Advance to be made by such Lender as part of such Competitive Bid Borrowing; and 

(iii) each Lender that is to make a Competitive Bid Advance as part of such Competitive Bid Borrowing, upon receipt, that
the Administrative Agent has received forms of documents appearing to fulfill the applicable conditions set forth in Article III. 
 When each
Lender that is to make a Competitive Bid Advance as part of such Competitive Bid Borrowing has received notice pursuant to Section 2.07(e)(iii), such Lender shall, before 11:00 a.m. (New York City time), on the date of such Competitive Bid
Borrowing specified in the notice received from the Administrative Agent pursuant to Section 2.07(e)(i), make available for the account of its Applicable Lending Office to the Administrative Agent, at its address referred to in
Section 9.02, in same day funds, such Lender’s portion of such Competitive Bid Borrowing. Upon fulfillment of the applicable conditions set forth in Article III and after receipt by the Administrative Agent of such funds, the
Administrative Agent will make such funds available to Kraft Foods Global at the location specified by Kraft Foods Global in its Notice of Competitive Bid Borrowing. Promptly after each Competitive Bid Borrowing, the Administrative Agent will notify
each Lender of the amount of the Competitive Bid Borrowing, the consequent Competitive Bid Reduction and the dates upon which such Competitive Bid Reduction commenced and will terminate. 

(f) Irrevocable Notice. If Kraft Foods Global notifies the Administrative Agent that it accepts one or more of the offers made by
any Lender or Lenders pursuant to Section 2.07(c), such notice of acceptance shall be irrevocable and binding on Kraft Foods Global. Kraft Foods Global shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a
result of any failure to fulfill on or before the date specified in the related Notice of Competitive Bid Borrowing for such Competitive Bid Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss
(excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Competitive Bid Advance to be made by such Lender as part of such
Competitive Bid Borrowing when such Competitive Bid Advance, as a result of such failure, is not made on such date. 

  
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 (g) Amount of Competitive Bid Borrowings; Competitive Bid Notes. Each Competitive Bid
Borrowing shall be in an aggregate amount of $50,000,000 or an integral multiple of $1,000,000 in excess thereof and, following the making of each Competitive Bid Borrowing, the aggregate amount of Advances then outstanding shall not exceed the
aggregate amount of the Commitments of the Lenders. Within the limits and on the conditions set forth in this Section 2.07, Kraft Foods Global may from time to time borrow under this Section 2.07, prepay pursuant to Section 2.11 or
repay pursuant to Section 2.07(h), and reborrow under this Section 2.07; provided that a Competitive Bid Borrowing shall not be made within two Business Days of the date of any other Competitive Bid Borrowing. The indebtedness of
Kraft Foods Global resulting from each Competitive Bid Advance made to Kraft Foods Global as part of a Competitive Bid Borrowing shall be evidenced by a separate Competitive Bid Note of Kraft Foods Global payable to the order of the Lender making
such Competitive Bid Advance. 
 (h) Repayment of Competitive Bid Advances. On the maturity date of each Competitive Bid
Advance provided in the Competitive Bid Note evidencing such Competitive Bid Advance, Kraft Foods Global shall repay to the Administrative Agent for the account of each Lender that has made a Competitive Bid Advance the then unpaid principal amount
of such Competitive Bid Advance. Kraft Foods Global shall not have any right to prepay any principal amount of any Competitive Bid Advance unless, and then only on the terms set forth in the Competitive Bid Note evidencing such Competitive Bid
Advance. 
 (i) Interest on Competitive Bid Advances. Kraft Foods Global shall pay interest on the unpaid principal
amount of each Competitive Bid Advance from the date of such Competitive Bid Advance to the date the principal amount of such Competitive Bid Advance is repaid in full, at the rate of interest for such Competitive Bid Advance and on the interest
payment date or dates set forth in the Competitive Bid Note evidencing such Competitive Bid Advance. Upon the occurrence and during the continuance of an Event of Default, Kraft Foods Global shall pay interest on the amount of unpaid principal of
each Competitive Bid Advance owing to a Lender, payable in arrears on the date or dates interest is payable thereon, at a rate per annum equal at all times to 1% per annum above the rate per annum required to be paid on such Competitive Bid
Advance under the terms of the Competitive Bid Note evidencing such Competitive Bid Advance unless otherwise agreed in such Competitive Bid Note. 
 SECTION 2.08 LIBO Rate Determination. 
 (a) Methods to Determine LIBO
Rate. The Administrative Agent shall determine the LIBO Rate by using the methods described in the definition of the term “LIBO Rate,” and shall give prompt notice to Kraft Foods Global and Lenders of each such LIBO Rate. 

(b) Role of Reference Banks. In the event that the LIBO Rate cannot be determined by the method described in clause (a) of
the definition of “LIBO Rate,” each Reference Bank agrees to furnish to the Administrative Agent timely information for the purpose of determining the LIBO Rate in accordance with the method described in clause (b) of the definition
thereof. If any one or more of the Reference Banks shall not furnish such timely information to the Administrative Agent for the purpose of determining a LIBO Rate, the Administrative Agent shall determine such interest rate on the basis of timely
information furnished by the remaining Reference Banks. If fewer than two Reference Banks furnish timely information to the Administrative Agent for determining the LIBO Rate for any LIBO Rate Advances or Floating Rate Bid Advances, as the case may
be, then: 

  
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 (i) the Administrative Agent shall forthwith notify Kraft Foods Global and
the Lenders that the interest rate cannot be determined for such LIBO Rate Advance or Floating Rate Bid Advances, as the case may be; 
 (ii) with respect to each LIBO Rate Advance, such Advance will, on the last day of the then existing Interest Period therefor, be prepaid by Kraft Foods Global or be automatically Converted into a Base
Rate Advance; and 
 (iii) the obligation of the Lenders to make LIBO Rate Advances or Floating Rate Bid Advances
or to Convert Base Rate Advances into LIBO Rate Advances shall be suspended until the Administrative Agent shall notify Kraft Foods Global and the Lenders that the circumstances causing such suspension no longer exist. 

The Administrative Agent shall give prompt notice to Kraft Foods Global and the Lenders of the applicable interest rate determined by the Administrative
Agent for purposes of Section 2.04(a)(i) or (ii) and the rate, if any, furnished by each Reference Bank for the purpose of determining the interest rate under Section 2.04(a)(ii) or the applicable LIBO Rate. 

(c) Inadequate LIBO Rate. If, with respect to any LIBO Rate Advances, the Required Lenders notify the Administrative Agent that
(i) they are unable to obtain matching deposits in the London interbank market at or about 11:00 a.m. (London time) on the second Business Day before the making of a Borrowing in sufficient amounts to fund their respective LIBO Rate Advances as
a part of such Borrowing during the Interest Period therefor or (ii) the LIBO Rate for any Interest Period for such Advances will not adequately reflect the cost to such Required Lenders of making, funding or maintaining their respective LIBO
Rate Advances for such Interest Period, the Administrative Agent shall forthwith so notify Kraft Foods Global and the Lenders, whereupon (A) Kraft Foods Global will, on the last day of the then existing Interest Period therefor, either
(x) prepay such Advances or (y) Convert such Advances into Base Rate Advances and (B) the obligation of the Lenders to make, or to Convert Base Rate Advances into, LIBO Rate Advances shall be suspended until the Administrative Agent
shall notify Kraft Foods Global and the Lenders that the circumstances causing such suspension no longer exist. In the case of clause (ii) above, each such Lender shall certify its cost of funds for each Interest Period to the Administrative
Agent and Kraft Foods Global as soon as practicable but in any event not later than 10 Business Days after the last day of such Interest Period. 
 SECTION 2.09 Fees. 
 (a) Unused Line Fee. Kraft Foods Global agrees
to pay to the Administrative Agent for the account of each Lender an unused line fee (the “Unused Line Fee”) on the aggregate amount of such Lender’s undrawn Commitment (without giving effect to any Competitive Bid Reduction)
from the date hereof in the case of each Initial Lender and from the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender in the case of each other Lender until the Termination Date at the Applicable Unused
Line Fee Rate, in each case payable on the last Business Day of each March, June, September and December until the Termination Date and on the Termination Date. 

  
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 (b) Other Fees. Kraft Foods Global shall pay to the Administrative Agent for its own
account or for the accounts of the Joint Lead Arrangers or Lenders, as applicable, such fees, and at such times, as shall have been separately agreed between Kraft Foods Global and the Administrative Agent or the Joint Lead Arrangers. 

SECTION 2.10 Optional and Mandatory Termination or Reduction of Commitments. 

(a) Optional Termination or Reduction of Commitments. Kraft Foods Global shall have the right, upon at least three Business
Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided that each partial reduction shall be in the aggregate amount of no less
than $50,000,000 or the remaining balance if less than $50,000,000; and provided further that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of
the Competitive Bid Advances then outstanding. 
 (b) Mandatory Termination or Reduction of Commitments. If
(i) Kraft Foods Global or any of its wholly owned Subsidiaries receives Net Cash Proceeds from any Debt Issuance, (ii) prior to consummation of the Spin-Off, Kraft Foods Global issues debt securities in exchange for existing Debt of Kraft
Foods or any of its Subsidiaries, (iii) Kraft Foods Global (or, prior to consummation of the Spin-Off, Kraft Foods) receives Net Cash Proceeds from any Equity Capital Markets Transaction or (iv) Kraft Foods Global or any of its Major
Domestic Subsidiaries receives Net Cash Proceeds from any Asset Sale, Casualty or Condemnation, in each case that would be required to be applied to prepay Pro Rata Advances pursuant to Section 2.11(b) (the amount of such Net Cash Proceeds (or,
in the case of clause (ii), the amount equal to the aggregate principal amount of such debt securities) required to be so applied being called the “Required Prepayment Amount”), Kraft Foods Global shall by notice to the
Administrative Agent reduce, on a pro rata basis, the unused Commitments of the Lenders by an aggregate amount equal to such Required Prepayment Amount. 
 SECTION 2.11 Optional and Mandatory Prepayments of Pro Rata Advances. 
 (a)
Optional Prepayments. Kraft Foods Global may, in the case of any LIBO Rate Advance, upon at least three Business Days’ notice to the Administrative Agent or, in the case of any Base Rate Advance, upon notice given to the Administrative
Agent not later than 9:00 a.m. (New York City time) on the date of the proposed prepayment, in each case stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given Kraft Foods Global shall, prepay the
outstanding principal amount of the Pro Rata Advances comprising part of the same Pro Rata Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided,
however, that (x) each partial prepayment shall be in an aggregate principal amount of no less than $50,000,000 or the remaining balance if less than $50,000,000 and (y) in the event of any such prepayment of a LIBO Rate Advance,
Kraft Foods Global shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(b). 
 (b)
Mandatory Prepayment Events. Within five Business Days after: 

  
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 (i) the receipt by Kraft Foods Global or any of its wholly owned
Subsidiaries of Net Cash Proceeds from any Debt Issuance, Kraft Foods Global shall permanently prepay the Pro Rata Advances in an aggregate amount equal to 100% of such Net Cash Proceeds; provided that, at the election of Kraft Foods Global,
no prepayment of the Pro Rata Advances shall be required pursuant to this clause (i) until the Unapplied Amount exceeds the Prepayment Threshold Amount and then only to the extent of such excess; or 

(ii) the issuance, prior to consummation of the Spin-Off, by Kraft Foods Global or any of its Subsidiaries of debt
securities in exchange for existing Debt of Kraft Foods or any of its Subsidiaries, Kraft Foods Global shall permanently prepay the Pro Rata Advances in an aggregate amount equal to 100% of the aggregate principal amount of such debt securities
issued by Kraft Foods Global or any of its Subsidiaries; provided that, at the election of Kraft Foods Global, no prepayment of the Pro Rata Advances shall be required pursuant to this clause (ii) until the Unapplied Amount exceeds the
Prepayment Threshold Amount and then only to the extent of such excess; or 
 (iii) the receipt by Kraft Foods
Global (or, prior to consummation of the Spin-Off, Kraft Foods) of Net Cash Proceeds from any Equity Capital Markets Transaction, Kraft Foods Global shall permanently prepay the Pro Rata Advances in an aggregate amount equal to 100% of such Net Cash
Proceeds; provided that, at the election of Kraft Foods Global, no prepayment of the Pro Rata Advances shall be required pursuant to this clause (iii) until the Unapplied Amount exceeds the Prepayment Threshold Amount and then only to
the extent of such excess; or 
 (iv) the receipt by Kraft Foods Global or any of its Major Domestic Subsidiaries
of Net Cash Proceeds from any Asset Sale (other than (A) Net Cash Proceeds of any Exempted Asset Sale and (B) up to $1,000,000,000 in the aggregate of Net Cash Proceeds from other Asset Sales), Casualty or Condemnation, Kraft Foods Global
shall permanently prepay the Pro Rata Advances in an aggregate amount equal to 100% of such Net Cash Proceeds, provided that, so long as no Default shall have occurred and be continuing, in lieu of such prepayment, Kraft Foods Global or such
Major Domestic Subsidiary may reinvest all or any portion of such Net Cash Proceeds from any Asset Sale, Casualty or Condemnation in long-term assets useful to the business of Kraft Foods Global or any of its Subsidiaries, provided that such
reinvestment is consummated within 12 months of the date of receipt of such Net Cash Proceeds, 
 and each prepayment of outstanding Pro Rata
Advances pursuant to this Section 2.11(b) shall be without penalty or premium (other than any obligation to reimburse the Lenders pursuant to Section 9.04(b)). Kraft Foods Global may determine to which Borrowing or Borrowings each
prepayment of outstanding Pro Rata Advances pursuant to this Section 2.11(b) shall be allocated, provided that any such allocated prepayment shall be applied on a pro rata basis among the Lenders having made any of such Pro Rata
Advances. 
 (c) Mandatory Prepayment if Advances Exceed Commitments. In the event and on each occasion that the aggregate
principal amount of outstanding Advances exceeds the aggregate amount of the Commitments, Kraft Foods Global shall prepay Advances in an aggregate amount equal to such excess. Each prepayment of outstanding Advances pursuant to

  
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this Section 2.11(c) shall be without penalty or premium (other than any obligation to reimburse the Lenders pursuant to Section 9.04(b)). Kraft Foods Global may determine to which
Borrowing or Borrowings each prepayment of outstanding Advances pursuant to this Section 2.11(c) shall be allocated, provided that any such prepayment allocated to Pro Rata Advances shall be applied on a pro rata basis among the Lenders
having made any of such Pro Rata Advances. 
 SECTION 2.12 Increased Costs. 

(a) Costs from Change in Law or Authorities. If, due to either (i) the introduction of or any change (other than any change
by way of imposition or increase of reserve requirements to the extent such change is included in the Eurocurrency Rate Reserve Percentage) in or in the interpretation, application or administration of any law or regulation or (ii) the
compliance with any guideline or request from any central bank or other governmental authority (whether or not having the force of law), there shall be any increase in the cost to any Lender of agreeing to make or making, funding or maintaining LIBO
Rate Advances or Floating Rate Bid Advances (excluding for purposes of this Section 2.12 any such increased costs resulting from (i) Taxes or Other Taxes (as to which Section 2.15 shall govern) and (ii) changes in the basis of
taxation of overall net income or overall gross income by the United States or by the foreign jurisdiction or state under the laws of which such Lender is organized or has its Applicable Lending Office or any political subdivision thereof), then
Kraft Foods Global shall within twenty (20) Business Days after receipt by Kraft Foods Global of demand by such Lender (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Lender
additional amounts sufficient to compensate such Lender for such increased cost; provided, however, that before making any such demand, each Lender agrees to use reasonable efforts (consistent with its internal policy and legal and
regulatory restrictions) to designate a different Applicable Lending Office if the making of such a designation would avoid the need for, or reduce the amount of, such increased cost and would not, in the reasonable judgment of such Lender be
otherwise disadvantageous to such Lender. A certificate as to the amount of such increased cost, submitted to Kraft Foods Global and the Administrative Agent by such Lender shall be conclusive and binding upon all parties hereto for all purposes,
absent manifest error. 
 (b) Reduction in Lender’s Rate of Return. In the event that, after the date hereof, the
implementation of or any change in any law or regulation, or any guideline or directive (whether or not having the force of law) or the interpretation, application or administration thereof by any central bank or other authority charged with the
administration thereof, imposes, modifies or deems applicable any capital adequacy or similar requirement (including, without limitation, a request or requirement which affects the manner in which any Lender or its parent company allocates capital
resources to its Commitments, including its obligations hereunder) and as a result thereof, in the sole opinion of such Lender, the rate of return on such Lender’s or its parent company’s capital as a consequence of its obligations
hereunder is reduced to a level below that which such Lender could have achieved but for such circumstances, but reduced to the extent that Borrowings are outstanding from time to time, then in each such case, upon demand from time to time Kraft
Foods Global shall pay to such Lender such additional amount or amounts as shall compensate such Lender for such reduction in rate of return. A certificate of such Lender as to any such additional amount or amounts shall be

  
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conclusive and binding for all purposes, absent manifest error. Except as provided below, in determining any such amount or amounts each Lender may use any reasonable averaging and attribution
methods. Notwithstanding the foregoing, each Lender shall take all reasonable actions to avoid the imposition of, or reduce the amounts of, such increased costs, provided that such actions, in the reasonable judgment of such Lender will not
be otherwise disadvantageous to such Lender and, to the extent possible, each Lender will calculate such increased costs based upon the capital requirements for its Advances and unused Commitment hereunder and not upon the average or general capital
requirements imposed upon such Lender. 
 (c) Dodd-Frank Wall Street Reform and Consumer Protection Act; Basel III.
Notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules,
guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to
Basel III, shall, in each case be deemed to be a change in law or regulation regardless of the date enacted, adopted or issued. 
 SECTION 2.13 Illegality. Notwithstanding any other provision of this Agreement, if any Lender shall notify the Administrative Agent that the introduction of or any change in, or in the
interpretation of, any law or regulation makes it unlawful, or any central bank or other governmental authority asserts that it is unlawful, for any Lender or its Eurocurrency Lending Office to perform its obligations hereunder to make LIBO Rate
Advances or Floating Rate Bid Advances or to fund or maintain LIBO Rate Advances or Floating Rate Bid Advances, (a) each LIBO Rate Advance or Floating Rate Bid Advances, as the case may be, of such Lender will automatically, upon such demand,
be Converted into a Base Rate Advance or an Advance that bears interest at the rate set forth in Section 2.04(a)(i), as the case may be, and (b) the obligation of the Lenders to make LIBO Rate Advances or Floating Rate Bid Advances or to
Convert Base Rate Advances into LIBO Rate Advances shall be suspended, in each case, until the Administrative Agent shall notify Kraft Foods Global and the Lenders that the circumstances causing such suspension no longer exist, in each case, subject
to Section 9.04(b) hereof; provided, however, that before making any such demand, each Lender agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different
Eurocurrency Lending Office if the making of such a designation would allow such Lender or its Eurocurrency Lending Office to continue to perform its obligations to make LIBO Rate Advances or Floating Rate Bid Advances or to continue to fund or
maintain LIBO Rate Advances or Floating Rate Bid Advances, as the case may be, and would not, in the judgment of such Lender, be otherwise disadvantageous to such Lender. 
 SECTION 2.14 Payments and Computations. 
 (a) Time and Distribution of
Payments. Kraft Foods Global shall make each payment hereunder, without set-off or counterclaim, not later than 11:00 a.m. (New York City time) on the day when due to the Administrative Agent at the Administrative Agent Account in same day
funds. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or Unused Line Fees ratably (other than amounts payable pursuant to Section 2.07, 2.12, 2.15 or
9.04(b)) to the Lenders for the accounts 

  
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of their respective Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Applicable Lending Office,
in each case to be applied in accordance with the terms of this Agreement. From and after the effective date of an Assignment and Acceptance pursuant to Section 9.07, the Administrative Agent shall make all payments hereunder in respect of the
interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves. 

(b) Computation of Interest and Fees. All computations of interest based on the Administrative Agent’s prime rate shall be
made by the Administrative Agent on the basis of a year of 365 or 366 days, as the case may be. All computations of interest based on the LIBO Rate or the Federal Funds Effective Rate and of Unused Line Fees shall be made by the Administrative Agent
and all computations of interest pursuant to Section 2.05 shall be made by a Lender, on the basis of a year of 360 days, and all computations of interest in respect of Competitive Bid Advances shall be made by the Administrative Agent on the
basis of a year of 360 days in the case of Floating Rate Bid Advances and on the basis of a year of 365 or 366 days, as the case may be, as specified in the applicable Notice of Competitive Bid Notice, in each case for the actual number of
days (including the first day but excluding the last day) occurring in the period for which such interest or Unused Line Fees are payable. Each determination by the Administrative Agent (or, in the case of Section 2.05 by a Lender), of an
interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 (c) Payment Due
Dates. Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of
payment of interest or Unused Line Fees, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of LIBO Rate Advances or Floating Rate Bid Advances to be made in the next following
calendar month, such payment shall be made on the immediately preceding Business Day. 
 (d) Presumption of Borrower
Payment. Unless the Administrative Agent receives notice from Kraft Foods Global prior to the date on which any payment is due to the Lenders hereunder that Kraft Foods Global will not make such payment in full, the Administrative Agent may
assume that Kraft Foods Global has made such payment in full to the Administrative Agent on such date and the Administrative Agent may, in reliance upon such assumption, cause to be distributed to each Lender on such due date an amount equal to the
amount then due such Lender. If and to the extent Kraft Foods Global has not made such payment in full to the Administrative Agent, each Lender shall repay to the Administrative Agent forthwith on demand such amount distributed to such Lender
together with interest thereon, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the Administrative Agent at the Federal Funds Effective Rate. 

  
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 SECTION 2.15 Taxes. 

(a) Any and all payments by Kraft Foods Global and Kraft Foods hereunder or under any Note shall be made, in accordance with
Section 2.14, free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities (including penalties, interest, additions to taxes and expenses) with
respect thereto, excluding, (i) in the case of each Lender and the Administrative Agent, taxes imposed on its net income, and franchise taxes imposed on it, by the jurisdiction under the laws of which such Lender or the Administrative Agent (as
the case may be) is organized or any political subdivision thereof, (ii) in the case of each Lender, taxes imposed on its net income, and franchise taxes imposed on it, by the jurisdiction of such Lender’s Applicable Lending Office or any
political subdivision thereof, (iii) in the case of each Lender and the Administrative Agent, taxes imposed on its net income, franchise taxes imposed on it, and any tax imposed by means of withholding to the extent such tax is imposed solely
as a result of a present or former connection (other than a connection arising from such Lender or the Administrative Agent having executed, delivered, enforced, become a party to, performed its obligations, received payments, received or perfected
a security interest under, and/or engaged in any other transaction pursuant to this Agreement or a Note) between the Lender or the Administrative Agent, as the case may be, and the taxing jurisdiction, (iv) in the case of each Lender and the
Administrative Agent, any U.S. federal withholding taxes imposed pursuant to FATCA, and (v) in the case of each Lender and the Administrative Agent, any Home Jurisdiction U.S. Withholding Tax to the extent that such tax is imposed with respect
to any payments pursuant to any law in effect at the time such Lender becomes a party hereto (or changes its Applicable Lending Office), except (A) to the extent of the additional amounts in respect of such taxes under this Section 2.15 to
which such Lender’s assignor (if any) or such Lender’s prior Applicable Lending Office (if any) was entitled, immediately prior to such assignment or change in its Applicable Lending Office or (B) if such Lender becomes a party hereto
pursuant to an Assignment and Acceptance upon the demand of Kraft Foods Global (all such taxes, levies, imposts, deductions, charges, withholdings and liabilities in respect of payments by Kraft Foods Global and Kraft Foods hereunder or under any
Note, other than taxes referred to in this Section 2.15(a)(i), (ii), (iii), (iv) or (v), are referred to herein as “Taxes”). If any applicable withholding agent shall be required by law to deduct any Taxes from or in
respect of any sum payable hereunder or under any Note to any Lender or the Administrative Agent, (i) the sum payable by Kraft Foods Global or Kraft Foods shall be increased as may be necessary so that after all required deductions (including
deductions applicable to additional sums payable under this Section 2.15) have been made, such Lender or the Administrative Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made,
(ii) the applicable withholding agent shall make such deductions and (iii) the applicable withholding agent shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with applicable law.

 (b) In addition, Kraft Foods Global shall pay any present or future stamp or documentary taxes or any other excise or
property taxes, charges, irrecoverable value-added tax or similar levies (other than Taxes, or taxes referred to in Section 2.15(a)(i) to (iv)) that arise from any payment made hereunder or from the execution, delivery or registration of,
performing under, or otherwise with respect to, this Agreement or a Note other than any such taxes imposed by reason of an Assignment and Acceptance (hereinafter referred to as “Other Taxes”). 

(c) Kraft Foods Global shall indemnify each Lender and the Administrative Agent for and hold it harmless against the full amount of Taxes
or Other Taxes (including, without limitation, Taxes and Other Taxes imposed by any jurisdiction on amounts payable under this Section 2.15) payable by such Lender or the Administrative Agent (as the case may

  
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be), and any liability (including penalties, interest, additions to taxes and expenses) arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or
legally asserted. This indemnification shall be made within 30 days from the date such Lender or the Administrative Agent (as the case may be), makes written demand therefor. 
 (d) Within 30 days after the date of any payment of Taxes or Other Taxes, Kraft Foods Global shall furnish to the Administrative Agent, at its address referred to in Section 9.02, the original or a
certified copy of a receipt evidencing such payment. If Kraft Foods Global determines that no Taxes are payable in respect thereof, Kraft Foods Global shall, at the request of the Administrative Agent, furnish or cause the payor to furnish, the
Administrative Agent and each Lender an opinion of counsel reasonably acceptable to the Administrative Agent, stating that such payment is exempt from Taxes. 
 (e) Each Lender, on or prior to the date of its execution and delivery of this Agreement in the case of each Initial Lender and on the date of the Assignment and Acceptance pursuant to which it becomes a
Lender in the case of each other Lender, shall provide each of the Administrative Agent and Kraft Foods Global with any form or certificate that is required by any United States federal taxing authority to certify such Lender’s entitlement to
any applicable exemption from or reduction in, Home Jurisdiction U.S. Withholding Tax in respect of any payments hereunder or under any Note (including, if applicable, two original Internal Revenue Service Forms W-9, W-8BEN or W-8ECI, as
appropriate, or any successor or other form prescribed by the Internal Revenue Service or to the extent a Non-U.S. Lender is not the beneficial owner (for example, where the Non-U.S. Lender is a partnership or participating Lender granting a typical
participation), two original Internal Revenue Service Form W-8IMY, accompanied by any applicable certification documents from each beneficial owner) and any other documentation reasonably requested by Kraft Foods Global or the Administrative Agent.
Thereafter, each such Lender shall provide additional forms or certificates (i) to the extent a form or certificate previously provided has become inaccurate or invalid or has otherwise ceased to be effective or (ii) as requested in
writing by Kraft Foods Global or the Administrative Agent or, if such Lender no longer qualifies for the applicable exemption from or reduction in, Home Jurisdiction U.S. Withholding Tax, promptly notify the Administrative Agent and Kraft Foods
Global of its inability to do so. Unless Kraft Foods Global and the Administrative Agent have received forms or other documents from each Lender satisfactory to them indicating that payments hereunder or under any Note are not subject to Home
Jurisdiction U.S. Withholding Taxes or are subject to Home Jurisdiction U.S. Withholding Taxes at a rate reduced by an applicable tax treaty, Kraft Foods Global or the Administrative Agent shall withhold such taxes from such payments at the
applicable statutory rate in the case of payments to or for such Lender and Kraft Foods Global shall pay additional amounts to the extent required by paragraph (a) of this Section 2.15 (subject to the exceptions contained in this
Section 2.15). 
 (f) If a payment made to a Lender hereunder or under any Note would be subject to U.S. Federal
withholding tax imposed pursuant to FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Sections 1471(b) or 1472(b) of the Internal Revenue Code, applicable), such Lender
shall provide each of the Administrative Agent and Kraft Foods Global, at the time or times prescribed by law and as reasonably requested by the Administrative Agent or Kraft Foods Global, such documentation prescribed by applicable law (including
as prescribed by Section 1471(b)(3)(C)(i) 

  
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of the Internal Revenue Code) and such additional documentation reasonably requested by the Administrative Agent or Kraft Foods Global as may be necessary for the Administrative Agent or Kraft
Foods Global to comply with their obligations under FATCA and to determine whether such Lender has complied with such Lender’s obligations under FATCA and the amount, if any, to deduct and withhold from such payment. Thereafter, each such
Lender shall provide additional documentation (i) to the extent documentation previously provided has become inaccurate or invalid or has otherwise ceased to be effective or (ii) as reasonably requested by the Administrative Agent or Kraft
Foods Global. 
 (g) Any Lender claiming any additional amounts payable pursuant to this Section 2.15 agrees to use
reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to select or change the jurisdiction of its Applicable Lending Office if the making of such a selection or change would avoid the need for, or reduce the
amount of, any such additional amounts that may thereafter accrue and would not, in the reasonable judgment of such Lender be otherwise materially economically disadvantageous to such Lender. 

(h) No additional amounts will be payable pursuant to this Section 2.15 with respect to any Tax to the extent such Tax would not
have been payable had the Lender fulfilled its obligations under paragraph (e) or (f) of this Section 2.15 as applicable. 
 (i) If any Lender or the Administrative Agent, as the case may be, obtains a refund of any Tax for which payment has been made pursuant to this Section 2.15, or, in lieu of obtaining such refund,
such Lender or the Administrative Agent applies the amount that would otherwise have been refunded as a credit against payment of a liability in respect of Taxes, which refund or credit in the good faith judgment of such Lender or the Administrative
Agent, as the case may be, (and without any obligation to disclose its tax records) is allocable to such payment made under this Section 2.15, the amount of such refund or credit (together with any interest received thereon and reduced by
reasonable out-of-pocket costs incurred in obtaining such refund or credit) promptly shall be paid to Kraft Foods Global to the extent payment has been made in full by Kraft Foods Global pursuant to this Section 2.15. 

SECTION 2.16 Sharing of Payments, Etc. If any Lender shall obtain any payment (whether voluntary, involuntary, through the
exercise of any right of set-off, or otherwise) on account of the Pro Rata Advances owing to it (other than pursuant to Section 2.12, 2.15 or 9.04(b) or (c)) in excess of its ratable share of payments on account of the Pro Rata Advances
obtained by all the Lenders, such Lender shall forthwith purchase from the other Lenders such participations in the Pro Rata Advances made by them as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of
them; provided, however, that if all or any portion of such excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender shall be rescinded and such Lender shall repay to the purchasing Lender the
purchase price to the extent of such recovery together with an amount equal to such Lender’s ratable share (according to the proportion of (i) the amount of such Lender’s required repayment to (ii) the total amount so recovered
from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered. Kraft Foods Global agrees that any Lender so purchasing a participation from another Lender pursuant to
this Section 2.16 may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of Kraft Foods Global in
the amount of such participation. 

  
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 SECTION 2.17 Evidence of Debt. 

(a) Lender Records; Pro Rata Notes. Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of Kraft Foods Global to such Lender resulting from each Pro Rata Advance owing to such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder
in respect of Pro Rata Advances. Kraft Foods Global shall, upon notice by any Lender to Kraft Foods Global (with a copy of such notice to the Administrative Agent) to the effect that a Pro Rata Note is required or appropriate in order for such
Lender to evidence (whether for purposes of pledge, enforcement or otherwise) the Pro Rata Advances owing to, or to be made by, such Lender, promptly execute and deliver to such Lender a Pro Rata Note payable to the order of such Lender in a
principal amount up to the Commitment of such Lender. 
 (b) Record of Borrowings, Payables and Payments. The Register
maintained by the Administrative Agent pursuant to Section 9.07(d) shall include a control account, and a subsidiary account for each Lender, in which accounts (taken together) shall be recorded as follows: 

(i) the date and amount of each Borrowing made hereunder, the Type of Advances comprising such Borrowing and, if
appropriate, the Interest Period applicable thereto; 
 (ii) the terms of each Assignment and Acceptance
delivered to and accepted by it; 
 (iii) the amount of any principal or interest due and payable or to become
due and payable from Kraft Foods Global to each Lender hereunder and the Termination Date applicable thereto; and 
 (iv) the amount of any sum received by the Administrative Agent from Kraft Foods Global hereunder and each Lender’s share thereof. 

(c) Evidence of Payment Obligations. Entries made in good faith by the Administrative Agent in the Register pursuant to
Section 2.17(b), and by each Lender in its account or accounts pursuant to Section 2.17(a), shall be prima facie evidence of the amount of principal and interest due and payable or to become due and payable from Kraft Foods Global to, in
the case of the Register, each Lender and, in the case of such account or accounts, such Lender, under this Agreement, absent manifest error; provided, however, that the failure of the Administrative Agent or such Lender to make an
entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall not limit or otherwise affect the obligations of Kraft Foods Global under this Agreement. 

  
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 SECTION 2.18 Use of Proceeds. The proceeds of the Advances shall be available (and
Kraft Foods Global agrees that it shall use such proceeds) for general corporate purposes of Kraft Foods Global and its Subsidiaries and, prior to the Spin-Off, Kraft Foods and its Subsidiaries. 

SECTION 2.19 Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a
Defaulting Lender, then the following provisions shall apply: 
 (a) fees shall cease to accrue on the Commitment of such
Defaulting Lender pursuant to Section 2.09(a); and 
 (b) the Commitment and Advances of such Defaulting Lender shall not be
included in determining whether the Required Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or modification of this Agreement pursuant to Section 9.01); provided that any amendment,
waiver or modification requiring the consent of all Lenders or each affected Lender shall require the consent of such Defaulting Lender. 
 In the event that each of the Administrative Agent and Kraft Foods Global agree that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then such
Lender shall purchase at par such of the Pro Rata Advances of the other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Pro Rata Advances in accordance with its pro rata portion of the total
Commitments and clauses (a) and (b) above shall cease to apply. 
 ARTICLE III 

Conditions to Effectiveness and Lending 
 SECTION 3.01 Conditions Precedent to Effectiveness. This Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions
precedent have been satisfied, or waived in accordance with Section 9.01: 
 (a) On the Effective Date, the
following statements shall be true and the Administrative Agent shall have received for the account of each Lender a certificate signed by a duly authorized officer of Kraft Foods Global, dated the Effective Date, stating that: 

(i) the representations and warranties contained in Section 4.01 are correct on and as of the Effective Date, and

 (ii) no event has occurred and is continuing on and as of the Effective Date that constitutes a Default or
Event of Default. 
 (b) The Administrative Agent shall have received on or before the Effective Date the
following, each dated such day, in form and substance satisfactory to the Administrative Agent: 

  
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 (i) Certified copies of the resolutions of the Board of Directors of each of
Kraft Foods Global and Kraft Foods approving this Agreement, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement. 

(ii) Certificates of the Secretary or an Assistant Secretary of each of Kraft Foods Global and Kraft Foods certifying the
names and true signatures of the officers of Kraft Foods Global and Kraft Foods, as the case may be, authorized to sign this Agreement and the other documents to be delivered hereunder. 

(iii) Favorable opinions of (A) Cravath, Swaine & Moore LLP, special New York counsel to Kraft Foods and
Kraft Foods Global, substantially in the form of Exhibit D-1 hereto, (B) Hunton & Williams LLP, special Virginia counsel to Kraft Foods, substantially in the form of Exhibit D-2 hereto and (C) internal counsel for Kraft
Foods, substantially in the form of Exhibit D-3 hereto. 
 (iv) A certificate of the chief financial officer or
treasurer of Kraft Foods certifying that as of December 31, 2011, (A) the aggregate amount of Debt, payment of which is secured by any Lien referred to in clause (iii) of Section 5.02(a) of the Kraft Foods Revolving Credit
Agreement, does not exceed $400,000,000, and (B) the aggregate amount of Debt, payment of which is secured by any Lien referred to in clause (iv) of Section 5.02(a) of the Kraft Foods Revolving Credit Agreement, does not exceed
$200,000,000. 
 (c) Kraft Foods Global shall have notified each Lender and the Administrative Agent in writing
as to the proposed Effective Date. 
 (d) This Agreement shall have been executed by Kraft Foods Global, Kraft
Foods, the Co-Administrative Agents, Paying Agent, Syndication Agent and Documentation Agent and the Administrative Agent shall have been notified by each Initial Lender that such Initial Lender has executed this Agreement. 

The Administrative Agent shall notify Kraft Foods Global and the Initial Lenders of the date which is the Effective Date upon satisfaction or waiver of
all of the conditions precedent set forth in this Section 3.01. For purposes of determining compliance with the conditions specified in this Section 3.01, each Lender shall be deemed to have consented to, approved or accepted or to be
satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by this
Agreement shall have received notice from such Lender prior to the date that Kraft Foods Global, by notice to the Lenders, designates as the proposed Effective Date, specifying its objection thereto. 

SECTION 3.02 Conditions Precedent to Each Pro Rata Borrowing. The obligation of each Lender to make a Pro Rata Advance on the
occasion of each Pro Rata Borrowing is subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Pro Rata Borrowing the following statements shall be true, and the acceptance by Kraft Foods Global of the
proceeds of such Pro Rata Borrowing shall be a representation by Kraft Foods Global that: 

  
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 (a) the representations and warranties contained in Section 4.01
(except the representations set forth in the last sentence of subsection (e) and in subsection (f) thereof (other than clause (i) thereof)) are correct on and as of the date of such Pro Rata Borrowing, before and after giving effect
to such Pro Rata Borrowing and to the application of the proceeds therefrom, as though made on and as of such date; and 
 (b) before and after giving effect to the application of the proceeds of all Borrowings on such date (together with any other resources of Kraft Foods Global applied together therewith), no event has
occurred and is continuing, or would result from such Pro Rata Borrowing, that constitutes a Default or Event of Default. 

SECTION 3.03 Conditions Precedent to Each Competitive Bid Borrowing. The obligation of each Lender that is to make a Competitive
Bid Advance on the occasion of a Competitive Bid Borrowing is subject to the conditions precedent that (i) the Administrative Agent shall have received the written confirmatory Notice of Competitive Bid Borrowing with respect thereto,
(ii) on or before the date of such Competitive Bid Borrowing, but prior to such Competitive Bid Borrowing, the Administrative Agent shall have received a Competitive Bid Note payable to the order of such Lender for each of the one or more
Competitive Bid Advances to be made by such Lender as part of such Competitive Bid Borrowing, in a principal amount equal to the principal amount of the Competitive Bid Advance to be evidenced thereby and otherwise on such terms as were agreed to
for such Competitive Bid Advance in accordance with Section 2.07, and (iii) on the date of such Competitive Bid Borrowing the following statements shall be true, and the acceptance by Kraft Foods Global of the proceeds of such Competitive
Bid Borrowing shall be a representation by Kraft Foods Global that: 
 (a) the representations and warranties
contained in Section 4.01 are correct on and as of the date of such Competitive Bid Borrowing, before and after giving effect to such Competitive Bid Borrowing and to the application of the proceeds therefrom, as though made on and as of such
date; and 
 (b) after giving effect to the application of the proceeds of all Borrowings on such date (together
with any other resources of Kraft Foods Global applied together therewith), no event has occurred and is continuing, or would result from such Competitive Bid Borrowing that constitutes a Default or Event of Default. 

ARTICLE IV 

Representations and Warranties 
 SECTION 4.01 Representations and Warranties of Kraft Foods Global. Each of Kraft Foods and Kraft Foods Global, as applicable, represents and warrants as follows: 

(a) Each of Kraft Foods Global and, prior to the Spin-Off, Kraft Foods is a corporation duly organized, validly existing
and in good standing under the laws of its jurisdiction of formation. 

  
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 (b) The execution, delivery and performance of this Agreement and, in the
case of Kraft Foods Global, the Notes to be delivered by it are within the corporate powers of each of Kraft Foods Global and Kraft Foods, as applicable, have been duly authorized by all necessary corporate action on the part of each of Kraft Foods
Global and Kraft Foods, as applicable, and do not contravene (i) the charter or by-laws of Kraft Foods Global or Kraft Foods, as applicable, or (ii) in any material respect, any law, rule, regulation or order of any court or governmental
agency or any contractual restriction binding on or affecting Kraft Foods Global or Kraft Foods, as applicable. 

(c) No authorization or approval or other action by, and no notice to or filing with, any governmental authority or
regulatory body is required for the due execution, delivery and performance by each of Kraft Foods Global and Kraft Foods, as applicable, of this Agreement or the Notes to be delivered by it. 

(d) This Agreement is, and each of the Notes to be delivered by Kraft Foods Global when delivered hereunder will be, a
legal, valid and binding obligation of each of Kraft Foods Global and Kraft Foods, as applicable, enforceable against such Person in accordance with its terms, subject to the effect of any applicable bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and other laws affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law) and an implied
covenant of good faith and fair dealing. 
 (e) As reported in Kraft Foods’ Annual Report on Form 10-K for
the year ended December 31, 2011, the consolidated balance sheets of Kraft Foods and its Subsidiaries as of December 31, 2011 and the consolidated statements of earnings of Kraft Foods and its Subsidiaries for the year then ended fairly
present, in all material respects, the consolidated financial position of Kraft Foods and its Subsidiaries as at such date and the consolidated results of the operations of Kraft Foods and its Subsidiaries for the year ended on such date, all in
accordance with accounting principles generally accepted in the United States. Except as disclosed in Kraft Foods’ Annual Report on Form 10-K for the year ended December 31, 2011, or in any Current Report on Form 8-K or Quarterly Report on
Form 10-Q filed subsequent to December 31, 2011, but prior to March 8, 2012, since December 31, 2011, other than as a result of the Spin-Off, (i) there has been no material adverse change in such position or operations and
(ii) there has been no material adverse change in such position or operations of the North American Grocery Business (and following the Spin-Off, Kraft Foods Global and its Subsidiaries taken as a whole). 

(f) There is no pending or threatened action or proceeding affecting Kraft Foods Global or any of its Subsidiaries (or,
prior to the Spin-Off, Kraft Foods or any of its Subsidiaries) before any court, governmental agency or arbitrator (a “Proceeding”) (i) that purports to affect the legality, validity or enforceability of this Agreement or
(ii) except for Proceedings disclosed in Kraft Foods’ Annual Report on Form 10-K for the year ended December 31, 2011, or in any Current Report on Form 8-K or Quarterly Report on Form 10-Q filed subsequent to December 31, 2011,
but prior to March 8, 2012, or, with respect to Proceedings commenced after the date of the most recent such 

  
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document but prior to March 8, 2012, a certificate delivered to the Lenders, that may materially adversely affect the financial position or results of operations of Kraft Foods Global and
its Subsidiaries taken as a whole (or, prior to the Spin-Off, Kraft Foods and its Subsidiaries taken as a whole). 
 (g) Prior to the Spin-Off, Kraft Foods owns directly or indirectly 100% of the capital stock of Kraft Foods Global. 
 (h) None of the proceeds of any Advance will be used, directly or indirectly, for any purpose that would result in a violation of Regulation U. 

ARTICLE V 

Covenants 

SECTION 5.01 Incorporation of Kraft Foods Covenants by Reference. The provisions of, and related definitions used in, Article V of
the Kraft Foods Revolving Credit Agreement are incorporated herein by reference in their entirety, but with the definitions used therein being construed in accordance with the remaining provisions of this Section. All references in the provisions
incorporated herein by reference to Article V of the Kraft Foods Revolving Credit Agreement to (a) the “Lenders” shall be deemed to be references to the Lenders party to this Agreement, (b) a “Borrower” shall be deemed
to be references to Kraft Foods Global, (c) the “Administrative Agent”, an “Advance”, a “Commitment”, an “Event of Default”, a “Guaranty” or “Required Lenders” shall be deemed to be
references to the Administrative Agent, an Advance, a Commitment, an Event of Default, a Guaranty or the Required Lenders, respectively, as each such term is defined herein, (d) “the date hereof” or “the date of this
Agreement” shall be deemed to be references to the date of this Agreement, (e) “hereafter” shall be deemed to be references to after the date of this Agreement and (f) “this Agreement”, “hereof” or
“hereunder” shall be deemed to be references to this Agreement. All references herein to any Section of the Kraft Foods Revolving Credit Agreement incorporated by reference herein shall be deemed to be a reference to such Section as so
incorporated. The provisions of the Sections of the Kraft Foods Revolving Credit Agreement incorporated by reference herein shall remain in effect as incorporated on the date hereof (or as amended in accordance with the terms of this Agreement)
notwithstanding the termination of or any amendment to the Kraft Foods Revolving Credit Agreement. Notwithstanding anything to the contrary contained herein, upon consummation of the Spin-Off, the provisions incorporated by reference pursuant to
this Section 5.01 shall automatically cease to be a part of this Agreement and shall be of no further force and effect for any purpose hereunder. 
 SECTION 5.02 Affirmative Covenants. Commencing on the date of the Spin-Off and for long as any Advance shall remain unpaid or any Lender shall have any Commitment hereunder, Kraft Foods Global
will: 
 (a) Compliance with Laws, Etc. Comply, and cause each Major Subsidiary to comply, in all material
respects, with all applicable laws, rules, regulations and orders (such compliance to include, without limitation, complying with ERISA and paying before the same become delinquent all taxes, assessments and governmental charges

  
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imposed upon it or upon its property except to the extent contested in good faith), noncompliance with which would materially adversely affect the financial condition or operations of Kraft Foods
Global and its Subsidiaries taken as a whole. 
 (b) Reporting Requirements. Furnish to the Lenders:

 (i) as soon as available and in any event within 5 days after the due date for Kraft Foods Global to have
filed its Quarterly Report on Form 10-Q with the Commission for the first three quarters of each fiscal year, an unaudited interim condensed consolidated balance sheet of Kraft Foods Global and its Subsidiaries as of the end of such quarter and
unaudited interim condensed consolidated statements of earnings (or, for any period prior to the Spin-Off, an unaudited interim condensed combined balance sheet and statement of earnings) of Kraft Foods Global and its Subsidiaries for the period
commencing at the end of the previous fiscal year and ending with the end of such quarter, certified by the chief financial officer of Kraft Foods Global; 
 (ii) as soon as available and in any event within 15 days after the due date for Kraft Foods Global to have filed its Annual Report on Form 10-K with the Commission for each fiscal year, a copy of the
consolidated financial statements for such year for Kraft Foods Global and its Subsidiaries, audited by PricewaterhouseCoopers LLP (or other independent auditors which, as of the date of this Agreement, are one of the “big four” accounting
firms); 
 (iii) all reports which Kraft Foods Global sends to any of its shareholders, and copies of all reports
on Form 8-K (or any successor forms adopted by the Commission) which Kraft Foods Global files with the Commission; 
 (iv) as soon as possible and in any event within five days after the occurrence of each Event of Default and each event which, with the giving of notice or lapse of time, or both, would constitute an
Event of Default, continuing on the date of such statement, a statement of the chief financial officer or treasurer of Kraft Foods Global setting forth details of such Event of Default or event and the action which Kraft Foods Global has taken and
proposes to take with respect thereto; and 
 (v) such other information respecting the condition or operations,
financial or otherwise, of Kraft Foods Global or any Major Subsidiary as any Lender through the Administrative Agent may from time to time reasonably request. 
 In lieu of furnishing the Lenders the items referred to in clauses (i), (ii) and (iii) above, Kraft Foods Global may make such items available on the Internet at a website identified by Kraft
Foods Global to the Administrative Agent (which website includes an option to subscribe to a free service alerting subscribers by e-mail of new Commission filings) or any successor or replacement website thereof, or by similar electronic means.

  
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 (c) Ranking. Each Advance made to Kraft Foods Global hereunder shall
at all times constitute senior Debt of Kraft Foods Global ranking equally in right of payment with all existing and future senior Debt of Kraft Foods Global and senior in right of payment to all existing and future subordinated Debt of Kraft Foods
Global. 
 SECTION 5.03 Negative Covenants. Commencing on the date of the Spin-Off and for so long as any Advance shall
remain unpaid or any Lender shall have any Commitment hereunder, Kraft Foods Global will not: 
 (a) Liens,
Etc. Create or suffer to exist, or permit any Major Subsidiary to create or suffer to exist, any lien, security interest or other charge or encumbrance (other than operating leases and licensed intellectual property), or any other type of
preferential arrangement (“Liens”), upon or with respect to any of its properties, whether now owned or hereafter acquired, or assign, or permit any Major Subsidiary to assign, any right to receive income, in each case to secure or
provide for the payment of any Debt of any Person, other than: 
 (i) Liens upon or in property acquired or held
by it or any Major Subsidiary in the ordinary course of business to secure the purchase price of such property or to secure indebtedness incurred solely for the purpose of financing the acquisition of such property; 

(ii) Liens existing on property at the time of its acquisition (other than any such lien or security interest created in
contemplation of such acquisition); 
 (iii) Liens existing on the date hereof securing Debt; 

(iv) Liens on property financed through the issuance of industrial revenue bonds in favor of the holders of such bonds or
any agent or trustee therefor; 
 (v) Liens existing on property of any Person acquired by Kraft Foods Global or
any Major Subsidiary; 
 (vi) Liens securing Debt in an aggregate amount not in excess of 15% of Consolidated
Tangible Assets; 
 (vii) Liens upon or with respect to Margin Stock; 

(viii) Liens in favor of Kraft Foods Global or any Major Subsidiary; 

(ix) precautionary Liens provided by Kraft Foods Global or any Major Subsidiary in connection with the sale, assignment,
transfer or other disposition of assets by Kraft Foods Global or such Major Subsidiary which transaction is determined by the Board of Directors of Kraft Foods Global or such Major Subsidiary to constitute a “sale” under accounting
principles generally accepted in the United States; and 

  
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 (x) any extension, renewal or replacement of the foregoing, provided
that (A) such Lien does not extend to any additional assets (other than a substitution of like assets), and (B) the amount of Debt secured by any such Lien is not increased. 

(b) Mergers, Etc. Consolidate with or merge into, or, except to the extent necessary to implement the Spin-Off,
convey or transfer, or permit one or more of its Subsidiaries to convey or transfer, the properties and assets of Kraft Foods Global and its Subsidiaries substantially as an entirety to, any Person unless, immediately before and after giving effect
thereto, no Default or Event of Default would exist and, in the case of any merger or consolidation to which Kraft Foods Global is a party, the surviving corporation is organized and existing under the laws of the United States of America or any
State thereof or the District of Columbia and assumes all of Kraft Foods Global’s obligations under this Agreement (including without limitation the covenants set forth in Article V) by the execution and delivery of an instrument in form and
substance satisfactory to the Required Lenders. 
 SECTION 5.04 Incorporation of Financial Covenant by Reference.
Commencing on the date of the Spin-Off and for so long as any Advance shall remain unpaid or any Lender shall have any Commitment hereunder, the provisions of, and related definitions used in, any financial maintenance covenant contained in any
credit agreement of Kraft Foods Global (including, for the avoidance of doubt, the Kraft Foods Global Revolving Credit Agreement) with a maturity of longer than one year shall be incorporated herein by reference in their entirety, but with the
definitions used therein being construed in accordance with the remaining provisions of this Section. All references in the provisions incorporated herein by reference to any such financial maintenance covenant to a “Borrower” or
“Subsidiaries” shall be deemed to be references to Kraft Foods Global or any Subsidiary, respectively, as each such term is defined herein. The provisions of any such financial maintenance covenant incorporated by reference herein shall
remain in effect as first so incorporated herein (or as amended in accordance with the terms of this Agreement) notwithstanding any termination or waiver of, or amendment to, such financial maintenance covenant in any other credit agreement of Kraft
Foods Global (including, for the avoidance of doubt, the Kraft Foods Global Revolving Credit Agreement). 
 ARTICLE VI

 Events of Default 
 SECTION 6.01 Events of Default. Each of the following events (each an “Event of Default”) shall constitute an Event of Default: 

(a) Kraft Foods Global shall fail to pay any principal of any Advance when the same becomes due and payable; or Kraft
Foods Global shall fail to pay interest on any Advance, or Kraft Foods Global shall fail to pay any fees payable under Section 2.09, within ten days after the same becomes due and payable (or after notice from the Administrative Agent in the
case of fees referred to in Section 2.09(b)); or 

  
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 (b) Any representation or warranty made or deemed to have been made by Kraft
Foods Global herein or by Kraft Foods Global (or any of its officers) in connection with this Agreement shall prove to have been incorrect in any material respect when made or deemed to have been made; or 

(c) Kraft Foods Global (or, prior to the Spin-Off, Kraft Foods) shall fail to perform or observe (i) any term,
covenant or agreement contained in Section 5.03(b) hereof, incorporated by reference herein pursuant to Section 5.04 hereof or, prior to the Spin-Off, contained in Section 5.01(b) or 5.02(b) of the Kraft Foods Revolving Credit
Agreement as incorporated by reference herein pursuant to Section 5.01 hereof, (ii) any term, covenant or agreement contained in Section 5.03(a) hereof or, prior to the Spin-Off, contained in Section 5.02(a) of the Kraft Foods
Revolving Credit Agreement as incorporated by reference herein pursuant to Section 5.01 hereof, if such failure shall remain unremedied for 15 days after written notice thereof shall have been given to Kraft Foods Global by the Administrative
Agent or any Lender or (iii) any other term, covenant or agreement contained in this Agreement on its part to be performed or observed if such failure shall remain unremedied for 30 days after written notice thereof shall have been given to
Kraft Foods Global by the Administrative Agent or any Lender; or 
 (d) Kraft Foods Global or any Major
Subsidiary (or, prior to the Spin-Off, Kraft Foods) shall fail to pay any principal of or premium or interest on any Debt which is outstanding in a principal amount of at least $100,000,000 in the aggregate (or, if lower, the corresponding amount
set forth in the Kraft Foods Global Revolving Credit Agreement) (but excluding Debt arising under this Agreement) of Kraft Foods Global, such Major Subsidiary or Kraft Foods (as the case may be), when the same becomes due and payable (whether by
scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt unless adequate provision for any
such payment has been made in form and substance satisfactory to the Required Lenders; or any Debt of Kraft Foods Global or any Major Subsidiary (or, prior to the Spin-Off, Kraft Foods) which is outstanding in a principal amount of at least
$100,000,000 in the aggregate (or, if lower, the corresponding amount set forth in the Kraft Foods Global Revolving Credit Agreement) (but excluding Debt arising under this Agreement) shall be declared to be due and payable, or required to be
prepaid (other than by a scheduled required prepayment), redeemed, purchased or defeased, or an offer to prepay, redeem, purchase or defease such Debt shall be required to be made, in each case prior to the stated maturity thereof as a result of a
breach by Kraft Foods Global, such Major Subsidiary or Kraft Foods (as the case may be) of the agreement or instrument relating to such Debt unless adequate provision for the payment of such Debt has been made in form and substance satisfactory to
the Required Lenders; or 
 (e) Kraft Foods Global or any Major Subsidiary (or, prior to the Spin-Off, Kraft
Foods) shall generally not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or
against Kraft Foods Global or any Major Subsidiary (or, prior to the Spin-Off, Kraft Foods) seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization,

  
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arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an
order for relief or the appointment of a receiver, trustee, or other similar official for it or for any substantial part of its property, and, in the case of any such proceeding instituted against it (but not instituted by it), either such
proceeding shall remain undismissed or unstayed for a period of 60 days or any of the actions sought in such proceeding (including, without limitation, the entry of an order for relief against it or the appointment of a receiver, trustee, custodian
or other similar official for it or for any of its property constituting a substantial part of the property of Kraft Foods Global and its Subsidiaries taken as a whole (or, prior to the Spin-Off, Kraft Foods and its Subsidiaries taken as a whole)
shall occur; or Kraft Foods Global or any Major Subsidiary (or, prior to the Spin-Off, Kraft Foods) shall take any corporate action to authorize any of the actions set forth above in this subsection (e); or 

(f) Any judgment or order for the payment of money in excess of $100,000,000 (or, if lower, the corresponding amount set
forth in the Kraft Foods Global Revolving Credit Agreement) shall be rendered against Kraft Foods Global or any Major Subsidiary (or, prior to the Spin-Off, Kraft Foods) and there shall be any period of 60 consecutive days during which a stay of
enforcement of such unsatisfied judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 
 (g) Kraft Foods Global or any ERISA Affiliate (or, prior to the Spin-Off, Kraft Foods) shall incur, or shall be reasonably likely to incur, liability in excess of $500,000,000 in the aggregate as a result
of one or more of the following: (i) the occurrence of any ERISA Event; (ii) the partial or complete withdrawal of Kraft Foods Global or any ERISA Affiliate (or, prior to the Spin-Off, Kraft Foods) from a Multiemployer Plan; or
(iii) the reorganization or termination of a Multiemployer Plan; provided, however, that no Default or Event of Default under this Section 6.01(g) shall be deemed to have occurred if Kraft Foods Global, any ERISA Affiliate or
Kraft Foods shall have made arrangements satisfactory to the PBGC or the Required Lenders to discharge or otherwise satisfy such liability (including the posting of a bond or other security); or 

(h) Prior to the Spin-Off, the Guaranty provided by Kraft Foods under Article VIII hereof in respect of Kraft Foods Global
shall for any reason cease (other than in accordance with the provisions of Article VIII) to be valid and binding on Kraft Foods or Kraft Foods shall so state in writing; 
 provided, however, that following consummation of the Spin-Off, no event or circumstance relating to Kraft Foods or its Subsidiaries (other than Kraft Foods Global and such other
Subsidiaries of Kraft Foods as are Subsidiaries of Kraft Foods Global immediately following the Spin-Off) or their respective obligations prior to the Spin-Off under this Agreement, the Notes or any other agreement entered into in connection with
this Agreement shall constitute or be deemed to constitute a Default or Event of Default hereunder. 
 SECTION 6.02
Lenders’ Rights upon Event of Default. If an Event of Default occurs and is continuing, then the Administrative Agent shall at the request, or may with the consent, of the Required Lenders, by notice to Kraft Foods Global: 

  
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 (a) declare the obligation of each Lender to make further Advances to be
terminated, whereupon the same shall forthwith terminate, and 
 (b) declare all the Advances then outstanding,
all interest thereon and all other amounts payable under this Agreement to be forthwith due and payable, whereupon the Advances then outstanding, all such interest and all such amounts shall become and be forthwith due and payable, without
presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by Kraft Foods Global; provided, however, that in the event of an actual or deemed entry of an order for relief with respect to Kraft
Foods Global (or, prior to the Spin-Off, Kraft Foods) under the Federal Bankruptcy Code or any equivalent bankruptcy or insolvency laws of any state or foreign jurisdiction, (i) the obligation of each Lender to make Advances shall automatically
be terminated and (ii) the Advances then outstanding, all such interest and all such amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly
waived by Kraft Foods Global. 
 ARTICLE VII 
 The Administrative Agent 
 SECTION 7.01 Authorization and Action. Each
Lender hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Administrative Agent by the terms hereof, together with
such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Notes), the Administrative Agent shall not be required
to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders, and such instructions shall be
binding upon all Lenders and all holders of Notes; provided, however, that the Administrative Agent shall not be required to take any action that exposes the Administrative Agent to personal liability or that is contrary to this
Agreement or applicable law. The Administrative Agent agrees to give to each Lender prompt notice of each notice given to it by Kraft Foods Global as required by the terms of this Agreement or at the request of Kraft Foods Global, and any notice
provided pursuant to Section 5.02(b)(iv). Notwithstanding any provision to the contrary contained elsewhere herein, no Agent shall have any duties or responsibilities, except those expressly set forth herein, nor shall any Agent have or be
deemed to have any fiduciary relationship with any Lender or participant, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or otherwise exist against any Agent. Without
limiting the generality of the foregoing sentence, the use of the term “agent” herein with reference to any 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, and is intended to create or reflect only an administrative relationship between independent contracting parties. 

  
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 SECTION 7.02 Administrative Agent’s Reliance, Etc. Neither the Administrative
Agent nor any of its directors, officers, agents or employees shall be liable for any action taken or omitted to be taken by it or them under or in connection with this Agreement, except for its or their own gross negligence or willful misconduct.
Without limitation of the generality of the foregoing, the Administrative Agent: 
 (a) may treat the Lender that
made any Advance as the holder of the Debt resulting therefrom until the Administrative Agent receives and accepts an Assignment and Acceptance entered into by such Lender, as assignor, and an Eligible Assignee, as assignee, as provided in
Section 9.07; 
 (b) may consult with legal counsel (including counsel for Kraft Foods Global or Kraft
Foods), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts; 

(c) makes no warranty or representation to any Lender and shall not be responsible to any Lender for any statements,
warranties or representations (whether written or oral) made in or in connection with this Agreement by Kraft Foods Global or Kraft Foods; 
 (d) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement on the part of Kraft Foods Global or Kraft Foods
or to inspect the property (including the books and records) of Kraft Foods Global or Kraft Foods; 
 (e) shall
not be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; and 

(f) shall incur no liability under or in respect of this Agreement by acting upon any notice, consent, certificate or
other instrument or writing (which may be by telecopier, telegram, telex, registered mail or, for the purposes of Section 2.02(a) or 2.07(b), email) believed by it to be genuine and signed or sent by the proper party or parties. 

SECTION 7.03 The Administrative Agent and Affiliates. With respect to its Commitment and the Advances made by it, the
Administrative Agent shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not the Administrative Agent; and the term “Lender” or “Lenders” shall,
unless otherwise expressly indicated, include the Administrative Agent in its individual capacity. The Administrative Agent and its affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking
engagements from and generally engage in any kind of business with, Kraft Foods Global, Kraft Foods, any of their respective Subsidiaries and any Person who may do business with or own securities of Kraft Foods Global, Kraft Foods or any such
Subsidiary, all as if the Administrative Agent were not the Administrative Agent and without any duty to account therefor to the Lenders. 

  
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 SECTION 7.04 Lender Credit Decision. Each Lender acknowledges that it has,
independently and without reliance upon any Co-Administrative Agent, the Paying Agent, the Syndication Agent, the Documentation Agent, any Joint Bookrunner or Joint Lead Arranger, or any other Lender and based on the financial statements referred to
in Section 4.01 and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon
any Co-Administrative Agent, the Paying Agent, the Syndication Agent, the Documentation Agent, any Joint Bookrunner or Joint Lead Arranger, or any other Lender and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under this Agreement. 
 SECTION 7.05
Indemnification. The Lenders agree to indemnify the Administrative Agent (to the extent not reimbursed by Kraft Foods Global or Kraft Foods), ratably according to the respective principal amounts of the Pro Rata Advances then owing to each of
them (or if no Pro Rata Advances are at the time outstanding, ratably according to the respective amounts of their Commitments), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to or arising out of this Agreement or any action taken or omitted by the Administrative
Agent under this Agreement, in each case, to the extent relating to the Administrative Agent in its capacity as such (collectively, the “Indemnified Costs”), provided that no Lender shall be liable for any portion of the
Indemnified Costs resulting from the Administrative Agent’s gross negligence or willful misconduct. Without limitation of the foregoing, each Lender agrees to reimburse the Administrative Agent promptly upon demand for its ratable share of any
out-of-pocket expenses (including counsel fees) incurred by the Administrative Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or
otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, to the extent that the Administrative Agent is not reimbursed for such expenses by Kraft Foods Global or Kraft Foods. In the case of any investigation,
litigation or proceeding giving rise to any Indemnified Costs, this Section 7.05 applies whether any such investigation, litigation or proceeding is brought by the Administrative Agent, any Lender or a third party. 

SECTION 7.06 Successor Administrative Agent. The Administrative Agent may resign at any time by giving written notice thereof to
the Lenders and Kraft Foods Global and may be removed at any time with or without cause by the Required Lenders. Upon the resignation or removal of the Administrative Agent, the Required Lenders shall have the right to appoint a successor
Administrative Agent (with the consent of Kraft Foods Global so long as no Event of Default shall have occurred and be continuing). If no successor Administrative Agent shall have been so appointed by the Required Lenders, and shall have accepted
such appointment, within 30 days after the retiring Administrative Agent’s giving of notice of resignation or the Required Lenders’ removal of the retiring Administrative Agent, then the retiring Administrative Agent may (with the consent
of Kraft Foods Global so long as no Event of Default shall have occurred and be continuing), on behalf of the Lenders, appoint a successor Administrative Agent, which shall be a commercial bank organized under the laws of the United States of
America or of any State thereof and having a combined capital and surplus of at least 

  
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$500,000,000. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and
become vested with all the rights, powers, discretion, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations under this Agreement; provided that
should the Administrative Agent for any reason not appoint a successor Administrative Agent, which it is under no obligation to do, then the rights, powers, discretion, privileges and duties referred to in this Section 7.06 shall be vested in
the Required Lenders until a successor Administrative Agent has been appointed. After any retiring Administrative Agent’s resignation or removal hereunder as Administrative Agent, the provisions of this Article VII shall inure to its benefit as
to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement. 
 SECTION 7.07
Co-Administrative Agents, Syndication Agent, Documentation Agent, Joint Bookrunners and Joint Lead Arrangers. (i) Barclays Bank PLC and JPMorgan Chase Bank, N.A. have been designated as Co-Administrative Agents, (ii) Citibank, N.A.
has been designated as Syndication Agent, (iii) The Royal Bank of Scotland plc has been designated as Documentation Agent, (iv) Barclays Capital, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBS Securities Inc. have been
designated as Joint Bookrunners under this Agreement and (v) Barclays Capital, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBS Securities Inc. have been designated as Joint Lead Arrangers under this Agreement, but the use of
the aforementioned titles does not impose on any of them any duties or obligations greater than those of any other Lender. 

SECTION 7.08 Withholding Tax. To the extent required by any applicable law, the Administrative Agent may withhold from any payment
to any Lender an amount equivalent to any applicable withholding tax. Without limiting or expanding the provisions of Section 2.15(a) or (c), each Lender shall, and does hereby, indemnify the Administrative Agent against, and shall make payable
in respect thereof within 30 days after demand therefor, any and all Taxes and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent) incurred by or
asserted against the Administrative Agent by the Internal Revenue Service or any other governmental authority as a result of the failure of the Administrative Agent to properly withhold tax from amounts paid to or for the account of such Lender for
any reason (including, without limitation, because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or
reduction of withholding tax ineffective). A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative
Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any Note against any amount due the Administrative Agent under this Section 7.08. The agreements in this Section 7.08 shall survive the
resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of the Agreement and the repayment, satisfaction or discharge of all other Obligations. 

  
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 ARTICLE VIII 
 Guaranty 
 SECTION 8.01 Guaranty. Kraft Foods hereby unconditionally and
irrevocably guarantees (the undertaking of Kraft Foods contained in this Article VIII being the “Guaranty”) the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations of Kraft Foods Global
now or hereafter existing under this Agreement, whether for principal, interest, fees, expenses or otherwise (such obligations being the “Obligations”), and any and all expenses (including counsel fees and expenses) incurred by the
Administrative Agent or the Lenders in enforcing any rights under the Guaranty. 
 SECTION 8.02 Guaranty Absolute. Kraft
Foods guarantees that the Obligations will be paid strictly in accordance with the terms of this Agreement, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the
Administrative Agent or the Lenders with respect thereto. The liability of Kraft Foods under this Guaranty shall be absolute and unconditional irrespective of: 
 (a) any lack of validity, enforceability or genuineness of any provision of this Agreement or any other agreement or instrument relating thereto; 

(b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any
other amendment or waiver of or any consent to departure from this Agreement; 
 (c) any exchange, release or
non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any other guaranty, for all or any of the Obligations; or 

(d) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Kraft Foods Global
or Kraft Foods. 
 This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the
Obligations is rescinded or must otherwise be returned by the Administrative Agent or any Lender upon the insolvency, bankruptcy or reorganization of Kraft Foods Global or otherwise, all as though such payment had not been made. 

SECTION 8.03 Waivers. 
 (a) Kraft Foods hereby waives promptness, diligence, notice of acceptance and any other notice with respect to any of the Obligations and this Guaranty and any requirement that the Administrative Agent or
any Lender protect, secure, perfect or insure any security interest or lien or any property subject thereto or exhaust any right or take any action against Kraft Foods Global or any other Person or any collateral. 

(b) Kraft Foods hereby irrevocably waives any claims or other rights that it may now or hereafter acquire against Kraft Foods Global that
arise from the existence, payment, performance or enforcement of the obligations of Kraft Foods, under this Guaranty or this 

  
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Agreement, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of the
Administrative Agent or any Lender against Kraft Foods Global or any collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from
Kraft Foods Global, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right. If any amount shall be paid to Kraft Foods in violation of the preceding
sentence at any time prior to the later of the cash payment in full of the Obligations and all other amounts payable under this Guaranty and the Termination Date, such amount shall be held in trust for the benefit of the Administrative Agent and the
Lenders and shall forthwith be paid to the Administrative Agent to be credited and applied to the Obligations and all other amounts payable under this Guaranty, whether matured or unmatured, in accordance with the terms of this Agreement and this
Guaranty, or to be held as collateral for any Obligations or other amounts payable under this Guaranty thereafter arising. Kraft Foods acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by
this Agreement and this Guaranty and that the waiver set forth in this Section 8.03(b) is knowingly made in contemplation of such benefits. 
 SECTION 8.04 Continuing Guaranty. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until payment in full of the Obligations (including any and all
Obligations which remain outstanding after the Termination Date) and all other amounts payable under this Guaranty, (b) be binding upon each of Kraft Foods and its successors and assigns, and (c) inure to the benefit of and be enforceable
by the Lenders, the Administrative Agent and their respective successors, transferees and assigns. 
 SECTION 8.05
Termination of Guaranty. Notwithstanding anything to the contrary contained herein, upon consummation of the Spin-Off, the Guaranty provided by Kraft Foods pursuant to this Article VIII shall automatically terminate and Kraft Foods shall
automatically be released from the Guaranty and from all other claims or obligations under or in respect of this Agreement and the Notes and any other agreement entered into in connection herewith. The Administrative Agent, at the request of Kraft
Foods Global or Kraft Foods and at the sole expense of Kraft Foods Global, shall execute and deliver to Kraft Foods Global and Kraft Foods all releases or other documents reasonably requested to evidence such termination and release. 

ARTICLE IX 

Miscellaneous 

SECTION 9.01 Amendments, Etc. No amendment or waiver of any provision of this Agreement, nor consent to any departure by Kraft
Foods Global or Kraft Foods therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required Lenders and Kraft Foods Global, and then such waiver or consent shall be effective only in the specific instance
and for the specific purpose for which given; provided, however, that no amendment, waiver or consent shall, unless in writing and signed by all the Lenders (including Defaulting Lenders) affected thereby and Kraft Foods Global, do any
of the following: (a) waive any of the conditions specified in Sections 3.01 and 3.02 (it being understood and agreed that 

  
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any waiver or amendment of a representation, warranty, covenant, Default or Event of Default shall not constitute a waiver of any condition specified in Section 3.01 or 3.02 unless the
amendment or waiver so provides), (b) increase the Commitments of the Lenders or subject the Lenders to any additional obligations, (c) reduce the principal of, or the amount or rate of interest on, the Pro Rata Advances or any fees or
other amounts payable hereunder, (d) postpone any date fixed for any payment of principal of, or interest on, the Pro Rata Advances or any fees or other amounts payable hereunder, (e) change the percentage of the Commitments or of the
aggregate unpaid principal amount of the Pro Rata Advances, or the number of Lenders, that shall be required for the Lenders or any of them to take any action hereunder, (f) release Kraft Foods Global or, except as provided in Article VIII,
Kraft Foods from any of its obligations under Article VIII, (g) change Section 2.16 in a manner that would alter the pro rata sharing of payments required thereby (other than to extend the Termination Date applicable to the Advances and
Commitments of consenting Lenders and to compensate such Lenders for consenting to such extension; provided that (i) no amendment permitted by this parenthetical shall reduce the amount of or defer any payment of principal, interest or
fees to non-extending Lenders or otherwise adversely affect the rights of non-extending Lenders under this Agreement and (ii) the opportunity to agree to such extension and receive such compensation shall be offered on equal terms to all the
Lenders) or (h) amend this Section 9.01; provided further that no waiver of the conditions specified in Section 3.03 in connection with any Competitive Bid Borrowing shall be effective unless consented to by all Lenders
making Competitive Bid Advances as part of such Competitive Bid Borrowing; and provided further that (x) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders
required above to take such action, affect the rights or duties of the Administrative Agent under this Agreement and (y) no amendment, waiver or consent shall, unless in writing and signed by Kraft Foods in addition to the Lenders required
above to take such action, affect the rights or obligations of Kraft Foods hereunder. 
 SECTION 9.02 Notices, Etc.

 (a) Addresses. All notices and other communications provided for hereunder shall be in writing (including telecopier
communication) and mailed, telecopied, or delivered (or in the case of any Notice of Borrowing or Notice of Competitive Bid Borrowing, emailed), as follows: 
 if to Kraft Foods Global: 
 c/o Kraft Foods Global, Inc.

 Three Lakes Drive 
 Northfield, Illinois 60093 
 Attention: Treasurer, NF667

 Fax number: (847) 646-7612; 
 with a copy to: 
 c/o Kraft Foods Global, Inc. 

Three Lakes Drive 
 Northfield, Illinois 60093 
 Attention: Vice President and
Corporate Secretary, NF583 
 Fax number: (847) 646-2753; 

  
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 and, for any notice or other communication delivered prior to the Spin-Off, 

c/o Kraft Foods Inc. 
 Three Lakes Drive 
 Northfield, Illinois 60093 

Attention: Treasurer, NF667 
 Fax number: (847) 646-7612; 
 if to Kraft Foods, as guarantor: 

Kraft Foods Inc. 
 Three Lakes Drive 
 Northfield, Illinois 60093 

Attention: Vice President and Corporate Secretary, NF583 

Fax number: (847) 646-2753; 

if to any Initial Lender, at its Domestic Lending Office specified opposite its name on Schedule II hereto; 

if to any other Lender, at its Domestic Lending Office specified in the Assignment and Acceptance pursuant to which it
became a Lender; 
 if to the Administrative Agent for any notice (other than Payments and Requests for
Extensions of Credit): 
 Barclays Bank PLC 

Bank Debt Management Group 
 745 Seventh Avenue New York, New York 10019 
 Attention: Kraft
Portfolio Manager: Noam Azachi / Nicholas Versandi 
 Email: noam.azachi@barcap.com /
nicholas.versandi@barcap.com 
 Telephone Number: (212) 526-1957 / (212) 526-9799 

Fax Number: (212) 526-5115; 
 if to the Administrative Agent for Payments and Requests for Extensions of Credit: 
 Barclays Bank PLC 
 Loan Operations 

1301 Avenue of the Americas 
 New York, New York 10019 
 Attention: Agency Services - Kraft:
Maria Sherry 
 Email: xrausloanops5@barclayscapital.com 

Telephone Number: (212) 320-6209 

Fax Number: (917) 522-0569; 

  
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 or, as to Kraft Foods Global, Kraft Foods or the Administrative Agent, at such other address as shall be
designated by such party in a written notice to the other parties and, as to each other party, at such other address as shall be designated by such party in a written notice to Kraft Foods Global and the Administrative Agent. 

(b) Effectiveness of Notices. All such notices and communications shall, when mailed, telecopied or emailed, be effective when
deposited in the mail, telecopied or emailed, respectively, except that notices and communications to the Administrative Agent, pursuant to Article II, III or VII shall not be effective until received by the Administrative Agent. Delivery by
telecopier or email of an executed counterpart of any amendment or waiver of any provision of this Agreement or of any Exhibit hereto to be executed and delivered hereunder shall be effective as delivery of a manually executed counterpart thereof.

 SECTION 9.03 No Waiver; Remedies. No failure on the part of any Lender or the Administrative Agent to exercise, and no
delay in exercising, any right hereunder or under any Note shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies
herein provided are cumulative and not exclusive of any remedies provided by law. 
 SECTION 9.04 Costs and Expenses.

 (a) Administrative Agent; Enforcement. Kraft Foods Global agrees to pay on demand all reasonable costs and expenses in
connection with the preparation, execution, delivery, administration (excluding any cost or expenses for administration related to the overhead of the Administrative Agent), modification and amendment of this Agreement and the documents to be
delivered hereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent and the Joint Bookrunners with respect thereto and with respect to advising the Administrative Agent as to its
rights and responsibilities under this Agreement (which, insofar as such costs and expenses relate to the preparation, execution and delivery of this Agreement and the closing hereunder, shall be limited to the reasonable fees and expenses of
Cahill, Gordon & Reindel LLP), and all costs and expenses of the Lenders and the Administrative Agent, if any (including, without limitation, reasonable counsel fees and expenses of the Lenders and the Administrative Agent), in connection
with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement and the other documents to be delivered hereunder. 
 (b) Prepayment of LIBO Rate Advances or Floating Rate Bid Advances. If any payment of principal of LIBO Rate Advance or Floating Rate Bid Advance is made other than on the last day of the Interest
Period for such Advance or at its maturity, as a result of a payment pursuant to Section 2.11, acceleration of the maturity of the Advances pursuant to Section 6.02, an assignment made as a result of a demand by Kraft Foods Global pursuant
to Section 9.07(a) or for any other reason, Kraft Foods Global shall, upon demand by any Lender (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Lender any amounts required to
compensate such Lender for any additional losses, costs or expenses which it may reasonably incur as a result of such payment, including, 

  
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without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to
fund or maintain such Advance. Without prejudice to the survival of any other agreement of Kraft Foods Global hereunder, the agreements and obligations of Kraft Foods Global contained in Section 2.02(c), 2.05, 2.12, 2.15, this
Section 9.04(b) and Section 9.04(c) shall survive the payment in full of principal and interest hereunder. 
 (c)
Indemnification. Kraft Foods Global agrees to indemnify and hold harmless each Agent, each Joint Lead Arranger and each Lender and each of their respective affiliates, control persons, directors, officers, employees, attorneys and agents
(each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities and expenses (including, without limitation, reasonable fees and disbursements of counsel) which may be incurred by or asserted against
any Indemnified Party, in each case in connection with or arising out of, or in connection with the preparation for or defense of, any investigation, litigation, or proceeding (i) related to this Agreement or any of the other documents
delivered hereunder, the Advances or any transaction or proposed transaction (whether or not consummated) in which any proceeds of any Borrowing are applied or proposed to be applied, directly or indirectly, by Kraft Foods Global, whether or not
such Indemnified Party is a party to such transaction, or (ii) related to Kraft Foods Global’s or Kraft Foods’ consummation of any transaction or proposed transaction contemplated hereby (whether or not consummated) or entering into
this Agreement, or to any actions or omissions of any Kraft Foods Global or Kraft Foods, any of their respective Subsidiaries or affiliates or any of its or their respective officers, directors, employees or agents in connection therewith, in each
case whether or not an Indemnified Party is a party thereto and whether or not such investigation, litigation or proceeding is brought by Kraft Foods Global, Kraft Foods or any other Person; provided, however, that Kraft Foods Global
shall not be required to indemnify an Indemnified Party from or against any portion of such claims, damages, losses, liabilities or expenses that is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from
the gross negligence or willful misconduct of such Indemnified Party. 
 SECTION 9.05 Right of Set-Off. Upon (i) the
occurrence and during the continuance of any Event of Default and (ii) the making of the request or the granting of the consent specified by Section 6.02 to authorize the Administrative Agent to declare the Advances due and payable
pursuant to the provisions of Section 6.02, each Lender is hereby authorized at any time and from time to time after providing written notice to the Administrative Agent of its intention to do so, to the fullest extent permitted by law, to set
off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender or any of its affiliates to or for the credit or the account of Kraft Foods Global
(or, prior to the Spin-Off, Kraft Foods) against any and all of the obligations of Kraft Foods Global (or, prior to the Spin-Off, Kraft Foods) now or hereafter existing under this Agreement, whether or not such Lender shall have made any demand
under this Agreement and although such obligations may be unmatured. Each Lender shall promptly notify Kraft Foods Global or Kraft Foods, as the case may be, after any such set-off and application, provided that the failure to give such
notice shall not affect the validity of such set-off and application. The rights of each Lender and its affiliates under this Section 9.05 are in addition to other rights and remedies (including, without limitation, other rights of set-off)
that such Lender and its affiliates may have. 

  
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 SECTION 9.06 Binding Effect. (a) This Agreement shall be binding upon and inure
to the benefit of Kraft Foods Global, Kraft Foods, the Administrative Agent and each Lender and their respective successors and assigns, except that neither Kraft Foods Global nor Kraft Foods shall have the right to assign its rights hereunder or
any interest herein without the prior written consent of each of the Lenders. 
 (b) Notwithstanding anything to the contrary
contained herein, upon consummation of the Spin-Off, Kraft Foods shall automatically cease to be a party to this Agreement and this Agreement shall no longer be binding upon or inure to the benefit of Kraft Foods. 

SECTION 9.07 Assignments and Participations. 
 (a) Assignment of Lender Obligations. Each Lender may assign to one or more Persons all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a
portion of its Commitment and the Pro Rata Advances owing to it), subject to the following: 
 (i) each such
assignment shall be of a constant, and not a varying, percentage of all rights and obligations under this Agreement (other than, except in the case of an assignment made pursuant to Section 9.07(h), any Competitive Bid Advances owing to such
Lender or any Competitive Bid Notes held by it); 
 (ii) the amount of the Commitment of the assigning Lender
being assigned pursuant to each such assignment (determined as of the date of the Assignment and Acceptance with respect to such assignment) shall in no event, other than with respect to assignments to other Lenders, or affiliates of Lenders, be
less than $10,000,000, subject in each case to reduction at the sole discretion of Kraft Foods Global, and shall be an integral multiple of $1,000,000; 
 (iii) each such assignment shall be to an Eligible Assignee; 
 (iv)
each such assignment shall require the prior written consent of (x) the Administrative Agent, and (y) unless an Event of Default under Sections 6.01(a) or (e) has occurred and is continuing, Kraft Foods Global (such consents not to be
unreasonably withheld or delayed and such consents by Kraft Foods Global shall be deemed given if no objection is received by the assigning Lender and the Administrative Agent from Kraft Foods Global within ten (10) Business Days after notice
of such proposed assignment has been delivered to Kraft Foods Global); provided, that no consent of the Administrative Agent or Kraft Foods Global shall be required for an assignment to another Lender or an affiliate of a Lender; and

 (v) the parties to each such assignment shall execute and deliver to the Administrative Agent for its
acceptance and recording in the Register, an Assignment and Acceptance, together with a processing and recordation fee of $3,500 (unless such assignment is made to an affiliate of the transferring Lender) provided, that, if such assignment is
made pursuant to Section 9.07(h), Kraft Foods Global shall pay or cause to be paid such $3,500 fee. 

  
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 Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each
Assignment and Acceptance, (x) the assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, have the rights and obligations of a
Lender hereunder and (y) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (other than those provided under
Section 9.04 and, with respect to the period during which it is a Lender, Sections 2.12 and 2.15) and be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion
of an assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto), other than Section 9.11. 
 (b) Assignment and Acceptance. By executing and delivering an Assignment and Acceptance, the assigning Lender thereunder and the assignee thereunder confirm to and agree with each other and the
other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations
made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; (ii) such assigning Lender
makes no representation or warranty and assumes no responsibility with respect to the financial condition of Kraft Foods Global or Kraft Foods or the performance or observance by Kraft Foods Global or Kraft Foods of any of its obligations under this
Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee confirms that it has received a copy of this Agreement, together with copies of the financial statements referred to in Section 4.01 and such
other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (iv) such assignee will, independently and without reliance upon the Administrative Agent
such assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (v) such assignee
confirms that it is an Eligible Assignee; (vi) such assignee represents that (A) the source of any funds it is using to acquire the assigning Lender’s interest or to make any Advance is not and will not be plan assets as defined under
the regulations of the Department of Labor of any Plan subject to Title I of ERISA or Section 4975 of the Internal Revenue Code or (B) the assignment or Advance is not and will not be a non-exempt prohibited transaction as defined in
Section 406 of ERISA; (vii) such assignee appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Administrative
Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto; and (viii) such assignee agrees that it will perform in accordance with their terms all of the obligations that by the terms of this
Agreement are required to be performed by it as a Lender. 
 (c) Agent’s Acceptance. Upon its receipt of an
Assignment and Acceptance executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with any Pro Rata Note or Notes subject to such assignment, the Administrative Agent shall, if such Assignment and
Acceptance has been completed and is in substantially the form of Exhibit C hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give prompt notice thereof to Kraft
Foods Global. 

  
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 (d) Register. The Administrative Agent shall maintain at its address referred to in
Section 9.02 a copy of each Assignment and Acceptance delivered to and accepted by it and a register for the recordation of the names and addresses of the Lenders and the Commitment of, and principal amount of the Advances owing to, each Lender
from time to time (the “Register”). The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and Kraft Foods Global, Kraft Foods, the Administrative Agent and the Lenders shall treat each
Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by Kraft Foods Global or any Lender (or, prior to the Spin-Off, Kraft Foods) at any reasonable
time and from time to time upon reasonable prior notice. 
 (e) Sale of Participation. Each Lender may sell
participations to one or more banks or other entities in or to all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitment, the Advances owing to it and any Note or Notes
held by it), subject to the following: 
 (i) such Lender’s obligations under this Agreement (including,
without limitation, its Commitment to Kraft Foods Global hereunder) shall remain unchanged, 
 (ii) such Lender
shall remain solely responsible to the other parties hereto for the performance of such obligations, 
 (iii)
Kraft Foods Global, Kraft Foods, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement, 

(iv) each participant shall be entitled to the benefits of Sections 2.12 and 2.15 (subject to the limitations and
requirements of those Sections, including the requirements to provide forms and/or certificates pursuant to Section 2.15(e) or (f)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to
paragraph (e) of this Section, 
 (v) no participant under any such participation shall have any right to
approve any amendment or waiver of any provision of this Agreement, or any consent to any departure by Kraft Foods Global or Kraft Foods therefrom, except to the extent that such amendment, waiver or consent would reduce the principal of, or
interest on, the Advances or any fees or other amounts payable hereunder, in each case to the extent subject to such participation, or postpone any date fixed for any payment of principal of, or interest on, the Advances or any fees or other amounts
payable hereunder, in each case to the extent subject to such participation, and 
 (vi) a participant shall not
be entitled to receive any greater payment under Sections 2.12 and 2.15 than the applicable Lender would have been entitled to receive with respect to the participation sold to such participant, unless the sale of the participation to such
participant is made with Kraft Foods Global’s prior written consent (not to be unreasonably withheld or delayed). 

  
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 Each Lender that sells a participation shall, acting solely for this purpose as a
non-fiduciary agent of the Kraft Foods Global, maintain a register on which it enters the name and address of each participant and the principal amounts (and stated interest) of each participant’s interest in the Advances or other obligations
under this Agreement (the “Participant Register”). The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each person whose name is recorded in the Participant Register as the
owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. 
 (f) Disclosure
of Information. Any Lender may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section 9.07, disclose to the assignee or participant or proposed assignee or participant, any
information relating to Kraft Foods Global or Kraft Foods furnished to such Lender by or on behalf of Kraft Foods Global or Kraft Foods; provided that, prior to any such disclosure, the assignee or participant or proposed assignee or
participant shall agree to preserve the confidentiality of any confidential information relating to Kraft Foods Global or Kraft Foods or any of their respective Subsidiaries received by it from such Lender. 

(g) Regulation A Security Interest. Notwithstanding any other provision set forth in this Agreement, any Lender may at any time
create a security interest in all or any portion of its rights under this Agreement (including, without limitation, the Advances owing to it and any Note or Notes held by it) in favor of any Federal Reserve Bank or central bank performing similar
functions in accordance with Regulation A. 
 (h) Replacement of Lenders. In the event that (i) any Lender shall
have delivered a notice pursuant to Section 2.13, (ii) Kraft Foods Global shall be required to make additional payments to or for the account of any Lender under Section 2.12 or 2.15, (iii) any Lender (a “Non-Consenting
Lender”) shall withhold its consent to any amendment that requires the consent of all the Lenders and that has been consented to by the Required Lenders or (iv) any Lender shall become a Defaulting Lender, Kraft Foods Global shall have
the right, at its own expense, upon notice to such Lender and the Administrative Agent, (A) to terminate the Commitment of such Lender or (B) to require such Lender to transfer and assign at par and without recourse (in accordance with and
subject to the restrictions contained in Section 9.07) all its interests, rights and obligations under this Agreement to one or more other financial institutions acceptable to Kraft Foods Global and approved by the Administrative Agent (such
approval not to be unreasonably withheld or delayed), which shall assume such obligations; provided, that (x) in the case of any replacement of a Non-Consenting Lender, each assignee shall have consented to the relevant amendment,
(y) no such termination or assignment shall conflict with any law or any rule, regulation or order of any governmental authority and (z) Kraft Foods Global or the assignee (or assignees), as the case may be, shall pay to each affected
Lender in immediately available funds on the date of such termination or assignment the principal of and interest accrued to the date of payment on the Advances made by it hereunder and all other amounts accrued for its account or owed to it
hereunder. Kraft Foods Global will not have the right to terminate the commitment of any Lender, or to require any Lender to assign its rights and interests hereunder, if, prior to such termination or assignment, as a result of a

  
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waiver by such Lender or otherwise, the circumstances entitling Kraft Foods Global to require such termination or assignment cease to apply. Each Lender agrees that, if Kraft Foods Global elects
to replace such Lender in accordance with this Section 9.07, it shall promptly execute and deliver to the Administrative Agent an Assignment and Acceptance to evidence the assignment and shall deliver to the Administrative Agent any Note (if
Notes have been issued in respect of such Lender’s Advances) subject to such Assignment and Acceptance; provided that the failure of any such Lender to execute an Assignment and Acceptance shall not render such assignment invalid and
such assignment shall be recorded in the Register. 
 SECTION 9.08 Governing Law. This Agreement and the Notes shall be
governed by, and construed in accordance with, the substantive laws of the State of New York without regard to choice of law doctrines. 
 SECTION 9.09 Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall
be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by telecopier or email shall be effective as delivery of a manually
executed counterpart of this Agreement. 
 SECTION 9.10 Jurisdiction, Etc. 

(a) Submission to Jurisdiction; Service of Process. Each of the parties hereto hereby irrevocably and unconditionally submits, for
itself and its property, to the nonexclusive jurisdiction of the United States District Court of the Southern District of New York, and any appellate court thereof, in any action or proceeding arising out of or relating to this Agreement, or for
recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in any such court. Each of Kraft Foods
Global and Kraft Foods hereby irrevocably consents to the service of process in any such action or proceeding in any such court by the mailing thereof by any parties hereto by registered or certified mail, postage prepaid, to Kraft Foods Global or
Kraft Foods, as applicable, at its address specified pursuant to Section 9.02. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on
the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any party may otherwise have to serve legal process in any other manner permitted by law or to bring any action or proceeding relating to this
Agreement or the Notes in the courts of any jurisdiction. 
 (b) Waivers. 

(i) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may legally and
effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or the Notes in any New York state or Federal court. Each of the parties hereto
hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

  
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 (ii) To the extent permitted by applicable law, each of Kraft Foods Global
and the Lenders shall not assert and hereby waives, any claim against any other party hereto or any of their respective affiliates, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual
damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, as a result of, or in any way related to this Agreement or any related document or any
agreement or instrument contemplated hereby or thereby or referred to herein or therein, the transactions contemplated hereby or thereby, any Advance or the use of the proceeds thereof or any act or omission or event occurring in connection
therewith, and each of the parties hereto hereby waives, releases and agrees not to sue upon any such claim or any such damages, whether or not accrued and whether or not known or suspected to exist in its favor. For the avoidance of doubt, the
waiver of claims for such damages against Kraft Foods Global shall not limit the indemnity obligations set forth in Section 9.04(c). 
 (iii) WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER OR ANY DEALINGS BETWEEN
THEM RELATING TO THE SUBJECT MATTER OF THIS LOAN TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT
RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A
BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS
REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING
(OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 9.10(B) AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS HERETO OR ANY OF
THE OTHER CREDIT DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE ADVANCES MADE HEREUNDER. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 

  
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 SECTION 9.11 Confidentiality. None of the Agents nor any Lender shall disclose any
confidential information relating to Kraft Foods Global or Kraft Foods to any other Person without the consent of Kraft Foods Global, other than (a) to such Agent’s or such Lender’s affiliates and their officers, directors, employees,
agents and advisors and, as contemplated by Section 9.07(f), to actual or prospective assignees and participants, and then, in each such case, only on a confidential basis; provided, however, that such actual or prospective
assignee or participant shall have been made aware of this Section 9.11 and shall have agreed to be bound by its provisions as if it were a party to this Agreement, (b) as required by any law, rule or regulation or judicial process, and
(c) as requested or required by any state, federal or foreign authority or examiner regulating banks or banking or other financial institutions. 
 SECTION 9.12 Integration. This Agreement and the Notes represent the agreement of Kraft Foods Global, Kraft Foods, the Administrative Agent and the Lenders with respect to the subject matter
hereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent, Kraft Foods Global, Kraft Foods or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the
Notes other than the matters referred to in Sections 2.09(b) and 9.04(a), the Fee Letter and any other fee letters entered into among Kraft Foods Global and the Joint Bookrunners, if any, and except for any confidentiality agreements entered
into by Lenders in connection with this Agreement or the transactions contemplated hereby. 
 SECTION 9.13 USA Patriot Act
Notice. The Administrative Agent and each Lender hereby notifies Kraft Foods Global that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot
Act”), it is required to obtain, verify and record information that identifies Kraft Foods Global, which information includes the name and address of Kraft Foods Global and other information that will allow such Lender to identify Kraft
Foods Global in accordance with the Patriot Act. 

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

			
	KRAFT FOODS GLOBAL, INC.
		
	By:	 	 /s/ Barbara L. Brasier  

		 	 Name: Barbara L. Brasier

Title:   Senior Vice President and Treasurer

  

			
	KRAFT FOODS INC., as Guarantor
		
	By:	 	 /s/ Barbara L. Brasier  

		 	 Name: Barbara L. Brasier

Title:   Senior Vice President and Treasurer

  
 S-1

 
			
	 BARCLAYS BANK PLC, as Co-Administrative Agent, Paying Agent and Lender

		
	By 	 	 Ritam Bhalla  

		 	 Name: Ritam Bhalla
 Title:
  Director

  
 S-2

 
			
	 JPMORGAN CHASE BANK, N.A., as Co-Administrative Agent and Lender

		
	By 	 	 Tony Yung  

		 	 Name: Tony Yung
 Title:
  Executive Director

  

			
	 J.P. MORGAN SECURITIES LLC, as Joint Bookrunner and Joint Lead Arranger

		
	By 	 	 Thomas Delaney  

		 	 Name: Thomas Delaney
 Title:
  Executive Director

  
 S-3

 
			
	 CITIGROUP GLOBAL MARKETS INC., as Joint Bookrunner and Joint Lead Arranger

		
	By 	 	 Carolyn A. Kee  

		 	 Name: Carolyn A. Kee
 Title:
  Managing Director

  

			
	CITIBANK, N.A., as Syndication Agent and Lender
		
	By 	 	 Carolyn A. Kee  

		 	 Name: Carolyn A. Kee
 Title:
  Vice President

  
 S-4

 
			
	 THE ROYAL BANK OF SCOTLAND PLC, as Documentation Agent and Lender

		
	By 	 	 Michaela V. Galluzzo  

		 	 Name: Michaela V. Galluzzo

Title:   Director

  

			
	 RBS SECURITIES INC., as Joint Bookrunner and Joint Lead Arranger

		
	By 	 	 Peter Klein  

		 	 Name: Peter Klein
 Title:
  Managing Director

  
 S-5

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