Document:

EX-10.2

 Exhibit 10.2 

Execution Version 
  

 
  

DEBTOR-IN-POSSESSION 

PLEDGE AND SECURITY AND 

INTERCREDITOR AGREEMENT 
 Dated as
of August 6, 2015
 between 

ALPHA NATURAL RESOURCES, INC., 

the Debtor-in-Possession, as a Grantor, 

EACH OF THE OTHER GRANTORS 
 FROM
TIME TO TIME PARTY HERETO, 
 CITIBANK, N.A., 

as Term Agent, Term LC Agent, 
 and
Bonding LC Agent, 
 and 

EACH OF THE OTHER AGENTS FROM 

FROM TIME TO TIME PARTY HERETO, 
 as
a Revolving Agent and/or 
 a Second Out Agent 
  

 
  

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	
	 ARTICLE 1
	   

	 DEFINITIONS AND INTERPRETATIONS
	   

			
	Section 1.01.	 	 General Definitions
	  	 	2	  
	Section 1.02.	 	 Definitions; Interpretation
	  	 	13	  
	
	 ARTICLE 2
	   

	 GRANT OF SECURITY
	   

			
	Section 2.01.	 	 Grant of Security in Collateral
	  	 	14	  
	Section 2.02.	 	 Certain Limited Exclusions to Collateral
	  	 	15	  
	
	 ARTICLE 3
	   

	 SECURITY FOR OBLIGATIONS; PRIORITIES
	   

			
	Section 3.01.	 	 Security for Obligations
	  	 	16	  
	Section 3.02.	 	 Continuing Liability Under Collateral
	  	 	16	  
	Section 3.03.	 	 Lien Priorities
	  	 	16	  
	Section 3.04.	 	 Contesting Liens
	  	 	18	  
	
	 ARTICLE 4
	   

	 CERTAIN PERFECTION REQUIREMENTS
	   

			
	Section 4.01.	 	 Delivery Requirements
	  	 	18	  
	Section 4.02.	 	 [Reserved]
	  	 	19	  
	Section 4.03.	 	 Intellectual Property Recording Requirements
	  	 	19	  
	Section 4.04.	 	 Other Actions
	  	 	19	  
	
	 ARTICLE 5
	   

	 REPRESENTATIONS AND WARRANTIES
	   

			
	Section 5.01.	 	 Grantor Information and Status
	  	 	20	  
	Section 5.02.	 	 Collateral Identification, Special Collateral
	  	 	20	  
	Section 5.03.	 	 Ownership of Collateral and Absence of Other Liens
	  	 	21	  
	Section 5.04.	 	 Status of Security Interests
	  	 	21	  
	Section 5.05.	 	 Goods & Receivables
	  	 	21	  
	Section 5.06.	 	 Pledged Equity Interests, Investment Related Property
	  	 	22	  
	Section 5.07.	 	 Intellectual Property
	  	 	22	  
	
	 ARTICLE 6
	   

	 COVENANTS AND AGREEMENTS
	   

			
	Section 6.01.	 	 Grantor Information & Status
	  	 	24	  
	Section 6.02.	 	 Collateral Identification; Special Collateral
	  	 	24	  

  
 i 

							
	Section 6.03.	 	 Ownership of Collateral and Absence of Other Liens
	  	 	24	  
	Section 6.04.	 	 Status of Security Interests
	  	 	25	  
	Section 6.05.	 	 Goods & Receivables
	  	 	25	  
	Section 6.06.	 	 Pledged Equity Interests, Investment Related Property
	  	 	26	  
	Section 6.07.	 	 Intellectual Property
	  	 	27	  
	Section 6.08.	 	 [Reserved];
	  	 	29	  
	Section 6.09.	 	 As-Extracted Collateral
	  	 	29	  
	
	 ARTICLE 7
	   

	 ACCESS; RIGHT OF INSPECTION AND FURTHER ASSURANCES; ADDITIONAL GRANTORS
	   

			
	Section 7.01.	 	 [Reserved]
	  	 	29	  
	Section 7.02.	 	 Further Assurances
	  	 	29	  
	Section 7.03.	 	 Additional Grantors
	  	 	30	  
	
	 ARTICLE 8
	   

	 AGENTS APPOINTED ATTORNEYS-IN-FACT
	   

			
	Section 8.01.	 	 Power of Attorney
	  	 	30	  
	Section 8.02.	 	 No Duty on the Part of Agents or Secured Parties
	  	 	31	  
	
	 ARTICLE 9
	   

	 REMEDIES
	   

			
	Section 9.01.	 	 Generally
	  	 	31	  
	Section 9.02.	 	 Application of Proceeds
	  	 	33	  
	Section 9.03.	 	 Sales on Credit
	  	 	33	  
	Section 9.04.	 	 Investment Related Property
	  	 	33	  
	Section 9.05.	 	 Grant of Intellectual Property License
	  	 	33	  
	Section 9.06.	 	 [Reserved]
	  	 	34	  
	Section 9.07.	 	 Cash Proceeds; Deposit Accounts
	  	 	34	  
	
	 ARTICLE 10
	   

	 INTERCREDITOR
	   

			
	Section 10.01.	 	 Turnover
	  	 	35	  
	Section 10.02.	 	 Similar Liens and Agreements; Agreement to Cooperate
	  	 	36	  
	Section 10.03.	 	 Bailee for Perfection
	  	 	36	  
	Section 10.04.	 	 Exercise of Remedies
	  	 	37	  
	Section 10.05.	 	 Amendments of Loan Documents
	  	 	40	  
	Section 10.06.	 	 Automatic Release of Liens Securing Junior Obligations
	  	 	41	  
	Section 10.07.	 	 No Additional Rights for the Grantors Hereunder
	  	 	42	  
	Section 10.08.	 	 Actions Upon Breach
	  	 	42	  
	Section 10.09.	 	 Application of Proceeds of Collateral
	  	 	43	  
	Section 10.10.	 	 Payments
	  	 	47	  
	Section 10.11.	 	 Effect of Refinancing
	  	 	47	  

  
 ii 

							
	 ARTICLE 11
	   

	 AMENDMENTS TO AGREEMENT
	   

			
	Section 11.01.	 	 Amendments of Pledge, Security and Intercreditor Agreement
	  	 	48	  
	
	 ARTICLE 12
	   

	 AGENCY
	   

			
	Section 12.01.	 	 Agents
	  	 	48	  
	
	 ARTICLE 13
	   

	 CONTINUING SECURITY INTEREST; TRANSFER OF LOANS
	   

	
	 ARTICLE 14
	   

	 STANDARD OF CARE; AGENTS MAY PERFORM
	   

	
	 ARTICLE 15
	   

	 MISCELLANEOUS
	   

			
	Section 15.01.	 	 Joinder of Revolving Agent and Second Out Agent
	  	 	50	  
	Section 15.02.	 	 Subordination Agreement
	  	 	50	  
	Section 15.03.	 	 Reinstatement
	  	 	50	  
	Section 15.04.	 	 Notices; No Waiver; Rights Cumulative; Etc.
	  	 	50	  
	Section 15.05.	 	 Successors and Assigns; Entire Agreement, Etc.
	  	 	51	  
	Section 15.06.	 	 Consensual Plan Treatment in Respect of the Second Out Obligations
	  	 	51	  
	Section 15.07.	 	 Counterparts
	  	 	51	  
	Section 15.08.	 	 GOVERNING LAW
	  	 	51	  
	Section 15.09.	 	 JURISDICTION; VENUE; SERVICE; WAIVER OF JURY TRIAL
	  	 	51	  

  
 iii 

			
	SCHEDULE 5.1	  	GENERAL INFORMATION
	SCHEDULE 5.2	  	COLLATERAL IDENTIFICATION
	SCHEDULE 5.5	  	GOVERNMENT RECEIVABLES; LOCATION OF EQUIPMENT AND INVENTORY
	SCHEDULE 6.9	  	AS-EXTRACTED COLLATERAL
		
	EXHIBIT A	  	PLEDGE SUPPLEMENT
	EXHIBIT B	  	TRADEMARK SECURITY AGREEMENT
	EXHIBIT C	  	COPYRIGHT SECURITY AGREEMENT
	EXHIBIT D	  	PATENT SECURITY AGREEMENT

  
 iv 

 This DEBTOR-IN-POSSESSION PLEDGE AND SECURITY AND INTERCREDITOR AGREEMENT, dated as of
August 6, 2015 (this “Agreement”), between ALPHA NATURAL RESOURCES, INC., a Delaware corporation (the “Borrower”), each of the subsidiaries of the Borrower party hereto from time to time, whether as an original
signatory hereto or as an Additional Grantor (as herein defined) (together with the Borrower, the “Grantors”), CITIBANK, N.A., as administrative and collateral agent for the Term Secured Parties (in such capacities, together with
its successors and permitted assigns, the “Term Agent”), as administrative and collateral agent for the Term LC Secured Parties (in such capacities, together with its successors and permitted assigns, the “Term LC
Agent”), and as administrative and collateral agent for the Bonding LC Secured Parties (in such capacities, together with its successors and permitted assigns, the “Bonding LC Agent”), and any additional agent or
representative of indebtedness that becomes party hereto from time to time, as administrative and collateral agent for the Revolving Secured Parties (in such capacities, together with its successors and permitted assigns, the “Revolving
Agent”) and/or as administrative and collateral agent for the Second Out Secured Parties (in such capacities, together with its successors and permitted assigns, the “Second Out Agent”). 

RECITALS: 

WHEREAS, reference is made to that certain Superpriority Secured Debtor-in-Possession Credit Agreement, dated as of the date hereof (as
it may be amended, restated, refinanced, replaced, supplemented or otherwise modified from time to time, the “First Out Credit Agreement”), by and among the Borrower, certain Subsidiaries of the Borrower, as guarantors, the lenders
under the term loan facility party thereto from time to time (the “Term Lenders”), the letter of credit issuer under the cash collateralized bonding accommodation letter of credit facility party thereto (the “Bonding LC
Issuer”), the letter of credit issuer under the cash collateralized term letter of credit facility party thereto (the “Term LC Issuer”), Citibank, N.A., in its capacities as Term Agent, Bonding LC Agent and Term LC Agent
and the other parties thereto. 
 WHEREAS, pursuant to the First Out Credit Agreement, and on the terms and conditions set forth
therein, the Borrower and the appropriate Agents may, after the date hereof, amend the First Out Credit Agreement to add an asset-based revolving credit facility (which may include a related letter of credit facility) to such First Out Credit
Agreement (to the extent consummated, the “Future ABL Facility” and any lenders and letter of credit issuers under such Future ABL Facility, the “Revolving Lenders”). 

WHEREAS, the First Out Credit Agreement permits the Borrower to enter into the Second Out Facility (as defined in the First Out Credit
Agreement) to backstop, renew and replace certain pre-petition letters of credit (the credit agreement that may be entered into in connection therewith, as it may be thereafter amended, restated, supplemented or otherwise modified from time to time
in accordance with this Agreement, the “Second Out Credit Agreement” and, together with the First Out Credit Agreement, the “Credit Agreements” and any lenders and letter of credit issuers under such future Second
Out Credit Agreement the “Second Out Lenders”), subject to the conditions set forth in the First Out Credit Agreement. 

WHEREAS, subject to the terms and conditions of the First Out Credit Agreement, certain Grantors have or may from time to time enter
into one or more Secured Hedge Agreements with one or more Hedge Banks and one or more Secured Cash Management Agreements with one or more Cash Management Banks. 

WHEREAS, in consideration of (i) the extensions of credit and other accommodations of the Revolving Lenders (if any), the Term
Lenders, the Term LC Issuer, the Bonding LC Issuer, Hedge Banks 

 
and Cash Management Banks as set forth in the First Out Credit Agreement, the First Out Secured Hedge Agreements and First Out Secured Cash Management Agreements, respectively, and (ii) the
extensions of credit and other accommodations of the Second Out Lenders to be set forth in the Second Out Credit Agreement (if consummated), each Grantor has agreed to supplement the Orders, without in any way diminishing or limiting the effect of
the Orders or the security interests, pledges and Liens granted thereunder, and secure such Grantor’s obligations (x) under the First Out Loan Documents and (y) under the Second Out Loan Documents, in each case, as set forth herein.

 NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, each
Grantor and each Agent agrees as follows: 
 ARTICLE 1 

DEFINITIONS AND INTERPRETATIONS 

Section 1.01. General Definitions. In this Agreement, the following terms shall have the following meanings: 

“Additional Grantors” shall have the meaning assigned in Section 7.03. 

“Agents” shall mean, each of the Term Agent, Revolving Agent, Term LC Agent, Bonding LC Agent and Second Out Agent party
hereto. 
 “Agreement” shall have the meaning set forth in the preamble. 

“Bonding Facility Letter of Credit Account” shall have the meaning assigned to such term in the First Out Credit Agreement.

 “Bonding LC Agent” shall have the meaning set forth in the preamble; provided, that after the Bonding LC
Termination Date, references to the Bonding LC Agent shall be deemed to be references to the Revolving Agent, and, thereafter, after the Revolving Termination Date (or prior to the effectiveness of the Future ABL Facility) such references shall be
deemed to be references to the Term Agent and, thereafter, after the Term Termination Date, such references shall be deemed to be references to the Term LC Agent, and thereafter, after the Term LC Termination Date, such references shall be deemed to
be references to the Second Out Agent, in each case, where context requires. 
 “Bonding LC Collateral” shall have the
meaning assigned to the term “Bonding L/C Collateral” in the First Out Credit Agreement. 
 “Bonding LC Issuer”
shall have the meaning set forth in the preamble. 
 “Bonding LC Obligations” shall mean all advances to, and debts,
liabilities and obligations of, any Loan Party arising under any First Out Loan Document relating to any Bonding Facility Letter of Credit or Bonding L/C Disbursement (each, as defined in the First Out Credit Agreement), whether direct or indirect
(including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising (including interest accruing or monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership
or other similar proceeding, regardless of whether allowed or allowable in such proceeding), including without limitation, such obligations of Subsidiary Guarantors (as defined in the First Out Credit Agreement). For the avoidance of doubt, Bonding
LC Obligations do not also constitute Revolving Obligations or Term Obligations. 

  
 2 

 “Bonding LC Secured Parties” shall mean, collectively, the Bonding LC Agent, the
Bonding LC Issuer and each co-agent or sub-agent appointed by the Bonding LC Agent in accordance with the First Out Credit Agreement. 

“Bonding LC Termination Date” shall mean the date on which all Bonding LC Obligations are Paid in Full. 

“Borrower” shall have the meaning set forth in the preamble. 

“Cash Collateralize” shall have the meaning given to such term in the First Out Credit Agreement. 

“Coal” shall mean all types of solid naturally occurring hydrocarbons (other than oil shale or Gilsonite), including without
limitation, bituminous and sub-bituminous coal, and lignite. 
 “Collateral Records” shall mean books, records, ledger
cards, files, correspondence, customer lists, supplier lists, blueprints, technical specifications, manuals, computer software and related documentation, computer printouts, tapes, disks and other electronic storage media and related data processing
software and similar items that at any time evidence or contain information relating to any of the Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon. 

“Collateral Support” shall mean all property (real or personal) assigned, hypothecated or otherwise securing any Collateral
and shall include any security agreement or other agreement granting a lien or security interest in such real or personal property. 

“Collateral” shall have the meaning given to such term in Section 2.01. 

“Control” shall mean: (1) with respect to any Deposit Accounts, control within the meaning of Section 9-104 of the
UCC, (2) with respect to any Securities Accounts, Security Entitlements, Commodity Contract or Commodity Account, control within the meaning of Section 9-106 of the UCC, (3) with respect to any Uncertificated Securities, control
within the meaning of Section 8-106(c) of the UCC, (4) with respect to any Certificated Security, control within the meaning of Section 8-106(a) or (b) of the UCC, (5) with respect to any Electronic Chattel Paper, control
within the meaning of Section 9-105 of the UCC, (6) with respect to Letter of Credit Rights, control within the meaning of Section 9-107 of the UCC and (7) with respect to any “transferable record” (as that term is
defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction), control within the meaning of
Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in the jurisdiction relevant to such transferable record. 

“Copyright Licenses” shall mean any and all agreements, licenses and covenants (whether or not in writing) providing for the
granting of any right in or to any Copyright or otherwise providing for a covenant not to sue with respect to any Copyright (whether such Grantor is licensee or licensor thereunder) including, without limitation, each agreement required to be listed
in Schedule 5.2(II) under the heading “Copyright Licenses” (as such schedule may be amended or supplemented from time to time). 

“Copyrights” shall mean all United States, and foreign copyrights (including Community designs), including but not limited to
copyrights in software and all rights in and to databases, and all Mask Works (as defined under 17 U.S.C. 901 of the U.S. Copyright Act), whether registered or 

  
 3 

 
unregistered and whether or not the underlying works of authorship have been published, moral rights, reversionary interests, termination rights, and, with respect to any and all of the
foregoing: (i) all registrations and applications therefor including, without limitation, the registrations and applications required to be listed in Schedule 5.2(II) under the heading “Copyrights” (as such schedule may be amended or
supplemented from time to time), (ii) all extensions and renewals thereof and amendments thereto, (iii) the rights to sue or otherwise recover for past, present and future infringements thereof, and (iv) all Proceeds of the foregoing,
including, without limitation, license fees, royalties, income, payments, claims, damages and proceeds of suit now or hereafter due and/or payable with respect thereto, and (v) all other rights of any kind accruing thereunder or pertaining
thereto throughout the world. 
 “Credit Agreements” shall have the meaning set forth in the recitals. 

“Default Remedies” means (a) all rights and remedies of any Secured Party in respect of (i) any Collateral, the
exercise of which is contingent upon default or Event of Default (however defined) and (ii) any Collateral constituting Real Property, including, for the avoidance of doubt, all rights of the First Out Secured Parties under Article VII of the
First Out Credit Agreement (or any similar rights in the Second Out Credit Agreement, if any), in each case, whether arising pursuant to the First Out Credit Agreement, the Second Out Credit Agreement, the First Out Security Documents, the Second
Out Security Documents, the Orders or applicable law and (b) all rights of first refusal and all credit bid rights of any Secured Party with respect to any sales or dispositions of Collateral, whether arising pursuant to the First Out Credit
Agreement, the Second Out Credit Agreement, the First Out Security Documents, the Second Out Security Documents, the Orders or applicable law. “Default Remedies” shall include any agreement by an Agent with any Grantor pursuant to which
such Grantor has agreed to commence the sale of any Collateral under Section 363 of the Bankruptcy Code (or otherwise) in lieu of exercising secured creditor remedies. 

“Defaulting Creditor” shall have the meaning given to such term in Section 11.06. 

“Equity Interests” of any person shall mean any and all shares, interests, rights to purchase, warrants, options,
participation or other equivalents of or interests in (however designated) equity of such person, including any preferred stock, any limited or general partnership interest and any limited liability company membership interest; provided that,
for the avoidance of doubt, “Equity Interests” shall not include notes convertible or exchangeable into Equity Interests until such conversion and/or exchange. 

“Excluded Assets” shall mean: 

(i) any assets to the extent that and for so long as the grant of a security interest therein would violate applicable law or
any organizational documents or any contractual or lease provisions or give another party any rights of termination or acceleration or any rights to obtain a Lien to secure obligations owing to such party; provided that this clause
(i) will not apply to restrictions overridden by the UCC anti-assignment provisions or by other applicable law or as a result of the Cases or, to the extent this clause (i) was applicable because the grant of a security interest
would violate applicable law, if there is a change of law that would result in a grant of a security interest no longer violating applicable law; provided, further, that upon the removal of all restrictions specified in this clause
(i) or upon such change in law, as may be applicable, the exclusion set forth in this clause (i) shall no longer apply; 

(ii) any assets owned directly or indirectly by a Foreign Subsidiary; and 

(iii) in excess of 65% of the voting Equity Interests of any Foreign Subsidiary. 

  
 4 

 “Existing Credit Agreement” means that certain Fifth Amended and Restated Credit
Agreement, as amended and restated as of September 24, 2014, among, inter alios, the Borrower, the lenders named therein, Citicorp North America, Inc., as administrative agent and collateral agent, and Citigroup Global Markets Inc., as
sole lead arranger and sole book manager. 
 “First Out Agents” shall mean, collectively, the Term Agent and any Revolving
Agent. 
 “First Out Credit Agreement” shall have the meaning set forth in the recitals; provided, in the event the
First Out Credit Agreement is Paid in Full and terminated (other than in accordance with Section 10.11 hereof), references to covenant(s) or other provisions in the First Out Credit Agreement shall refer to the applicable covenant(s)
immediately prior to such termination if the context so requires. 
 “First Out Loan Documents” shall mean the “Loan
Documents” as defined in the First Out Credit Agreement. 
 “First Out Secured Cash Management Agreements” shall mean
the “Secured Cash Management Agreements” as defined in the First Out Credit Agreement. 
 “First Out Secured Hedge
Agreements” shall mean the “Secured Hedge Agreements” as defined in the First Out Credit Agreement. 
 “First Out
Security Documents” shall mean the “Security Documents” as defined in the First Out Credit Agreement. 
 “Foreign
Subsidiary” shall mean any Subsidiary of the Borrower that is incorporated or organized under the laws of any jurisdiction other than the United States of America, any State thereof or the District of Columbia. 

“Future ABL Facility” shall have the meaning set forth in the preamble. 

“Grantors” shall have the meaning set forth in the preamble. 

“Insurance” shall mean (i) all insurance policies covering any or all of the Collateral (regardless of whether any Agent
is the loss payee thereof), (ii) any key man life insurance policies and (iii) any business interruption insurance policy. 

“Intellectual Property” shall mean the collective reference to all rights, priorities and privileges relating to intellectual
property, whether arising under the United States or foreign laws or otherwise, including, without limitation, the Copyrights, the Copyright Licenses, the Patents, the Patent Licenses, the Trademarks, the Trademark Licenses, the Trade Secrets, and
the Trade Secret Licenses, and the right to sue or otherwise recover for past, present and future infringement, misappropriation, dilution or other impairment or violation thereof, including the right to receive all Proceeds therefrom, including,
without limitation, license fees, royalties, income, payments, claims, damages and proceeds of suit, now or hereafter due and/or payable with respect thereto. 

“Intellectual Property Licenses” shall mean, collectively, the Copyright Licenses, Patent Licenses, Trademark Licenses and
Trade Secret Licenses. 

  
 5 

 “Investment Accounts” shall mean the Securities Accounts and Commodities
Accounts. 
 “Investment Related Property” shall mean: (i) all “investment property” (as such term is
defined in Article 9 of the UCC) and (ii) all of the following (regardless of whether classified as investment property under the UCC): all Pledged Equity Interests, Pledged Debt, the Investment Accounts and certificates of deposit. 

“Majority Holder” shall have the meaning set forth in Section 12.01. 

“Material Intellectual Property” shall mean any Intellectual Property included in the Collateral which is material to the
business of any Grantor. 
 “Obligations” shall mean, collectively, the Revolving Obligations, the Term Obligations, the
Term LC Obligations, the Bonding LC Obligations and the Second Out Obligations. 
 “Paid in Full” or “Payment in
Full” means, with respect to any Obligations, that: (a) all of such Obligations (other than contingent indemnification obligations for which no underlying claim has been asserted and other than contingent obligations in respect of
undrawn letters of credit and similar instruments to the extent the requirements with respect thereto set forth in the following clause (c) have been satisfied) have been paid, performed or discharged in full (with all such Obligations
consisting of monetary or payment obligations having been paid in full in cash), (b) no Person has any further right to obtain any loans, letters of credit (including extensions of or replacements of then-existing letters of credit),
bankers’ acceptances, or other extensions of credit under the applicable facility under the documents relating to such Obligations, (c) any and all letters of credit, bankers’ acceptances or similar instruments issued under the
applicable facility of such documents have been cancelled and returned (except to the extent that such instruments have been cash collateralized, collateralized with “back to back” letters of credit or otherwise credit supported, in each
case, on terms satisfactory to the relevant Agent and the relevant issuing bank) in accordance with the terms of such documents and (d) with respect to any Other Secured Obligations (as defined in the First Out Credit Agreement), such
obligations shall have been cash collateralized or otherwise backstopped in an amount reasonably satisfactory to the holders thereof; provided, in respect of (i) succession of the Agents to rights and remedies hereunder (including
control of Default Remedies) which take place after a Payment in Full and (ii) all Lien priorities, payment distributions and waterfalls which are affected by a Payment in Full, the Revolving Obligations and the Second Out Obligations shall be
construed as Paid in Full prior to the occurrence of the Revolving Facility Effective Date (in the case of Revolving Obligations) or the date of effectiveness of the Second Out Credit Agreement (in the case of Second Out Obligations), despite never
having been incurred or paid and despite the Borrower having an option to incur such facilities at a later date. 
 Notwithstanding the
foregoing, the Term LC Obligations and Bonding LC Obligations will not be Paid in Full hereunder until all letters of credit and similar instruments constituting such Term LC Obligations or Bonding LC Obligations, as the case may be, have been
returned or canceled, notwithstanding that such Obligations are cash collateralized as contemplated by the foregoing clause (c); provided, with respect to the order of application of Collateral (other than Term LC Collateral or
Bonding LC Collateral, as to which this proviso shall not apply) and proceeds of Collateral (other than proceeds of Term LC Collateral or Bonding LC Collateral, as to which this proviso shall not apply) and control of remedies hereunder (other than
with respect to Term LC Collateral or Bonding LC Collateral, as to which this proviso shall not apply) that are, in any such case, directly or indirectly determined by reference to “Payment in Full”, the Term LC Obligations and Bonding LC
Obligations, as the case may be, shall be construed as Paid in Full solely for the purpose of allowing payments to (and remedies to be exercised by) the next-in-line Agent (and for no other purpose) if (A) such Term LC Obligations or Bonding LC
Obligations are cash collateralized with Term LC Collateral or Bonding LC Collateral, as applicable, at 

  
 6 

 
102.0% of the outstanding Obligations of the applicable class as required under the First Out Credit Agreement, (B) the Term LC Agent or Bonding LC Agent, as the case may be, has not
previously delivered written notice to the other Agents hereunder that there exists a court order, injunction or other situation or circumstance which, in the sole judgment and discretion of the Term LC Agent or Bonding LC Agent, as applicable,
prohibits or materially impairs (or is reasonably likely to prohibit or materially impair) such Agents’ security interest in, or practical ability to realize upon, the Term LC Collateral or Bonding LC Collateral, as the case may be and
(C) the Term LC Obligations or Bonding LC Obligations, as the case may be, meet all requirements in this definition other than those set forth in this second paragraph thereof. 

“Patent Licenses” shall mean all agreements, licenses and covenants (whether or not in writing) providing for the granting of
any right in or to any Patent or otherwise providing for a covenant not to sue with respect to any Patent (whether such Grantor is licensee or licensor thereunder) including, without limitation, each agreement required to be listed in Schedule
5.2(II) under the heading “Patent Licenses” (as such schedule may be amended or supplemented from time to time). 

“Patents” shall mean all United States and foreign patents and certificates of invention, inventions or similar industrial
property rights, and applications for any of the foregoing, including, but not limited to: (i) each patent and patent application required to be listed in Schedule 5.2(II) under the heading “Patents” (as such schedule may be amended
or supplemented from time to time), (ii) all reissues, divisions, continuations, continuations-in-part, extensions, renewals, and reexaminations thereof and amendments thereto, (iii) all improvements thereto and inventions claimed therein,
(iv) all rights to sue or otherwise recover for past, present and future infringements thereof, (v) all Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of
suit now or hereafter due and/or payable with respect thereto, and (vi) all other rights of any kind accruing thereunder or pertaining thereto throughout the world. 

“Permitted Second Out Obligation Payments” means (a) regularly scheduled payments of accrued interest and fees on the
Second Out Obligations, in each case, due and payable on a non-accelerated basis in accordance with the terms of the Second Out Loan Documents (as in effect on the closing date therefor, or as amended in accordance with this Agreement),
(b) following the Payment in Full of all Obligations in respect of the First Out Credit Agreement, mandatory repayments of letter of credit disbursements under the Second Out Loan Documents (as in effect on the closing date therefor, or as
amended in accordance with this Agreement), together with all accrued and unpaid interest and fees thereon to the date of such repayment, and (c) payments of costs, expenses and indemnities of the Second Out Agent payable or reimbursable by the
Loan Parties under the Second Out Loan Documents. 
 “Pledge Supplement” shall mean any supplement to this agreement in
substantially the form of Exhibit A. 
 “Pledged Debt” shall mean all indebtedness for borrowed money owed to such Grantor,
whether or not evidenced by any Instrument, including, without limitation, all indebtedness described on Schedule 5.2(I) under the heading “Pledged Debt” (as such schedule may be amended or supplemented from time to time), issued by the
obligors named therein, the instruments, if any, evidencing any of the foregoing, and all interest, cash, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any
or all of the foregoing. 
 “Pledged Equity Interests” shall mean all Pledged Stock, Pledged LLC Interests, Pledged
Partnership Interests and any other participation rights, title or interests in any equity or profits of any business entity, whether or not certificated, including, without limitation, any trust. 

  
 7 

 “Pledged LLC Interests” shall mean all rights, title and interests in any
limited liability company and each series thereof including, without limitation, all limited liability company interests listed on Schedule 5.2(I) under the heading “Pledged LLC Interests” (as such schedule may be amended or supplemented
from time to time), all rights, title and interest under any limited liability company agreement and the certificates, if any, representing such limited liability company interests and any right, title and interest of such Grantor on the books and
records of such limited liability company or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or
proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such limited liability company interests. 

“Pledged Partnership Interests” shall mean all interests in any general partnership, limited partnership, limited liability
partnership or other partnership including, without limitation, all partnership interests listed on Schedule 5.2(I) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time), and
all right, title and interest in, to and under any partnership agreement and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records
of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in
respect of or in exchange for any or all of such partnership interests. 
 “Pledged Stock” shall mean all shares of capital
stock owned by such Grantor, including, without limitation, all shares of capital stock described on Schedule 5.2(I) under the heading “Pledged Stock” (as such schedule may be amended or supplemented from time to time), and the
certificates, if any, representing such shares and any interest of such Grantor in the entries on the books of the issuer of such shares or on the books of any securities intermediary pertaining to such shares, and all dividends, distributions,
cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such shares. 

“Real Property Lease” shall have the meaning given to such term in the First Out Credit Agreement. 

“Real Property” shall have the meaning given to such term in the First Out Credit Agreement. 

“Receivables” shall mean all rights to payment, whether or not earned by performance, for goods or other property sold,
leased, licensed, assigned or otherwise disposed of, or services rendered or to be rendered, including, without limitation all such rights constituting or evidenced by any Account, Chattel Paper, Instrument, General Intangible or Investment Related
Property, together with all of Grantor’s rights, if any, in any goods or other property giving rise to such right to payment and all Collateral Support and Supporting Obligations related thereto and all Receivable Records. 

“Receivables Records” shall mean (i) all original copies of all documents, instruments or other writings or electronic
records or other Records evidencing the Receivables, (ii) all books, correspondence, credit or other files, Records, ledger sheets or cards, invoices, and other papers relating to Receivables, including, without limitation, all tapes, cards,
computer tapes, computer discs, computer runs, record keeping systems and other papers and documents relating to the Receivables, whether in the possession or under the control of Grantor or any computer bureau or agent from time to time acting for
Grantor or otherwise, (iii) all evidences of the filing of financing statements and the registration of other instruments in connection therewith, and amendments, supplements or other modifications thereto, notices to other creditors, secured
parties or agents thereof, and certificates, acknowledgments, or other writings, 

  
 8 

 
including, without limitation, lien search reports, from filing or other registration officers, (iv) all credit information, reports and memoranda relating thereto and (v) all other
written or non-written forms of information related in any way to the foregoing or any Receivable. 
 “Refinance”,
“Refinancings” and “Refinanced” means, in respect of the Term Obligations, the Revolving Obligations, the Bonding LC Obligations, the Term LC Obligations or the Second Out Obligations, to issue other indebtedness in
exchange or replacement for such Obligations, in whole or in part. 
 “Revolving Agent” shall have the meaning set forth in
the preamble; provided, that after the Revolving Termination Date (or before the effectiveness of the Future ABL Facility), references to the Revolving Agent shall be deemed to be references to the Term Agent, and, thereafter, after the Term
Termination Date such references shall be deemed to be references to the Bonding LC Agent, and, thereafter, after the Bonding LC Termination Date such references shall be deemed to be references to the Term LC Agent and, thereafter, after the Term
LC Termination Date, such references shall be deemed to be references to the Second Out Agent, in each case, where context requires. 

“Revolving Cash Collateral Account” shall mean an account established by, and maintained with, and under the sole dominion
and control of, the Revolving Agent and designated as the “ANR Revolving Collateral Account”. 
 “Revolving Cash
Proceeds” shall have the meaning assigned in Section 9.07. 
 “Revolving Collateral” shall have the
meaning assigned to the term “Revolving Facility Collateral” in the First Out Credit Agreement. 
 “Revolving
Lenders” shall have the meaning set forth in the preamble. 
 “Revolving Obligations” shall mean all advances to,
and debts, liabilities and obligations of, any Loan Party arising under any First Out Loan Document relating to the Revolving Facility (as defined in the First Out Credit Agreement), or with respect to any R/C Letter of Credit, Revolving L/C
Disbursement, Revolving Facility Commitment or Revolving Facility Loan (each, as defined in the First Out Credit Agreement) and all Other Secured Obligations (as defined in the First Out Credit Agreement), whether direct or indirect (including those
acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising (including interest accruing or monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar
proceeding, regardless of whether allowed or allowable in such proceeding), including without limitation, such obligations of Subsidiary Guarantors (as defined in the First Out Credit Agreement). 

“Revolving Secured Parties” shall mean, collectively, the Revolving Agent, the Revolving Lenders, the Issuing Banks (as
defined in the First Out Credit Agreement, but solely to the extent related to R/C Letters of Credit), the Hedge Banks in respect of the Secured Hedge Agreements (each as defined in the First Out Credit Agreement) to the extent of any Other Secured
Obligations, the Cash Management Banks in respect of the Secured Cash Management Agreements (each as defined in the First Out Credit Agreement) to the extent of any Other Secured Obligations and each co-agent or sub-agent appointed by the Revolving
Agent in accordance with the First Out Credit Agreement. 
 “Revolving Termination Date” shall mean the date on which all
Revolving Obligations have been Paid in Full. 
 “Second Out Agent” shall have the meaning set forth in the preamble. 

  
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 “Second Out Credit Agreement” shall have the meaning set forth in the recitals.

 “Second Out Lenders” shall have the meaning set forth in the preamble. 

“Second Out Loan Documents” shall mean the “Loan Documents” (or a definition of similar effect) to be defined in
the Second Out Credit Agreement. 
 “Second Out Obligations” shall mean all advances to, and debts, liabilities and
obligations of, any Loan Party arising under any Second Out Loan Document or with respect to any letter of credit or disbursement under the Second Out Credit Agreement, whether direct or indirect (including those acquired by assumption), absolute or
contingent, due or to become due, now existing or hereafter arising (including interest accruing or monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether
allowed or allowable in such proceeding), including without limitation, such obligations of subsidiary guarantors under the Second Out Credit Agreement. 

“Second Out Secured Parties” shall mean, collectively, the Second Out Agent, the Second Out Lenders, the issuing banks under
the Second Out Credit Agreement, and each co-agent or sub-agent appointed by the Second Out Agent in accordance with the Second Out Credit Agreement. 

“Second Out Security Documents” shall mean the “Security Documents” (or a definition of similar effect) to be
defined in the Second Out Credit Agreement. 
 “Second Out Termination Date” shall mean the date on which all Second Out
Obligations are Paid in Full. 
 “Secured Parties” shall mean, collectively, the Term Secured Parties, the Revolving
Secured Parties, the Bonding LC Secured Parties, the Term LC Secured Parties and the Second Out Secured Parties. 
 “Securities
Act” shall mean the Securities Act of 1933, as amended from time to time, and any successor statute. 

“Securities” shall mean any stock, shares, partnership interests, voting trust certificates, certificates of interest or
participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments commonly known
as “securities” or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing. 

“Standstill Period” shall have the meaning given to such term in Section 10.04. 

“Subsidiary” shall mean, with respect to any person (herein referred to as the “parent”), any corporation,
partnership, association or other business entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or more than 50% of the general partnership interests
are, at the time any determination is being made, directly or indirectly, owned, Controlled (as defined in the First Out Credit Agreement) or held by the parent or one or more subsidiaries of the parent, or (b) whose accounts are consolidated
with the accounts of the parent or one or more subsidiaries of the parent in such parent’s or subsidiary’s SEC filings. 

  
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 “Term Agent” shall have the meaning set forth in the preamble; provided,
that after the Term Termination Date, references to the Term Agent shall be deemed to be references to the Revolving Agent, and, thereafter, after the Revolving Termination Date (or prior to the effectiveness of the Future ABL Facility) such
references shall be deemed to be references to the Term LC Agent, and, thereafter, after the Term LC Termination Date, such references shall be deemed to be references to the Bonding LC Agent and, thereafter, after the Bonding LC Termination Date,
such references shall be deemed to be references to the Second Out Agent, in each case, where context requires. 
 “Term Cash
Collateral” shall mean any cash or Permitted Investments (as defined in the First Out Credit Agreement) in any Term Cash Collateral Account. 

“Term Cash Collateral Account” shall mean an account established in connection with the Term Facility (as defined in the
First Out Credit Agreement) by, and maintained with, and under the sole dominion and control of, the Term Agent and designated as the “ANR Term Collateral Account”. 

“Term Cash Proceeds” shall have the meaning assigned in Section 9.07. 

“Term Collateral” shall have the meaning assigned to the term “Term Facility Collateral” in the First Out Credit
Agreement. 
 “Term Facility Letter of Credit Account” shall have the meaning assigned to such term in the First Out Credit
Agreement. 
 “Term LC Agent” shall have the meaning set forth in the preamble; provided, that after the Term LC
Termination Date, references to the Term LC Agent shall be deemed to be references to the Term Agent, and, thereafter, after the Term Termination Date such references shall be deemed to be references to the Revolving Agent and, thereafter, after the
Revolving Termination Date (or prior to the effectiveness of the Future ABL Facility), such references shall be deemed to be references to the Bonding LC Agent, and, thereafter, after the Bonding LC Termination Date, such references shall be deemed
to be references to the Second Out Agent, in each case, where context requires. 
 “Term LC Collateral” shall have the
meaning assigned to the term “Term L/C Collateral” in the First Out Credit Agreement. 
 “Term LC Issuer” shall
have the meaning set forth in the preamble. 
 “Term LC Obligations” shall mean all advances to, and debts, liabilities and
obligations of, any Loan Party arising under any First Out Loan Document relating to the Term L/C Facility (as defined in the First Out Credit Agreement) or with respect to any Term Facility Letter of Credit or Term L/C Disbursement (each, as
defined in the First Out Credit Agreement), whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising (including interest accruing or monetary obligations
incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), including without limitation, such obligations of Subsidiary Guarantors (as defined
in the First Out Credit Agreement). For the avoidance of doubt, Term LC Obligations do not also constitute Revolving Obligations or Term Obligations. 

“Term LC Secured Parties” shall mean, collectively, the Term LC Agent and the Term LC Issuer and each co-agent or sub-agent
appointed by the Term LC Agent in accordance with the First Out Credit Agreement. 

  
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 “Term LC Termination Date” shall mean the date on which all Term LC Obligations
are Paid in Full. 
 “Term Lenders” shall have the meaning set forth in the recitals. 

“Term Obligations” shall mean all advances to, and debts, liabilities and obligations of, any Loan Party arising under any
First Out Loan Document relating to the Term Facility (as defined in the First Out Credit Agreement) or with respect to any Term Loans or Term Loan Commitments (each, as defined in the First Out Credit Agreement), whether direct or indirect
(including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising (including interest accruing or monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership
or other similar proceeding, regardless of whether allowed or allowable in such proceeding), including without limitation, such obligations of Subsidiary Guarantors (as defined in the First Out Credit Agreement). 

“Term Secured Parties” shall mean, collectively, the Term Agent and the Term Lenders and each co-agent or sub-agent appointed
by the Term Agent, if any, in accordance with the First Out Credit Agreement. 
 “Term Termination Date” shall mean the
date on which all Term Obligations are Paid in Full. 
 “Trade Secret Licenses” shall mean any and all agreements (whether
or not in writing) providing for the granting of any right in or to Trade Secrets (whether such Grantor is licensee or licensor thereunder) including, without limitation, each agreement required to be listed in Schedule 5.2(II) under the heading
“Trade Secret Licenses” (as such schedule may be amended or supplemented from time to time). 
 “Trade Secrets”
shall mean all trade secrets and all other confidential or proprietary information and know-how whether or not such Trade Secret has been reduced to a writing or other tangible form, including all documents and things embodying, incorporating, or
referring in any way to such Trade Secret, including but not limited to: (i) the right to sue or otherwise recover for past, present and future misappropriation or other violation thereof, (ii) all Proceeds of the foregoing, including,
without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit now or hereafter due and/or payable with respect thereto; and (iii) all other rights of any kind accruing thereunder or pertaining thereto
throughout the world. 
 “Trademark Licenses” shall mean any and all agreements, licenses and covenants (whether or not in
writing) providing for the granting of any right in or to any Trademark or otherwise providing for a covenant not to sue or permitting co-existence with respect to any Trademark (whether such Grantor is licensee or licensor thereunder) including,
without limitation, each agreement required to be listed in Schedule 5.2(II) under the heading “Trademark Licenses” (as such schedule may be amended or supplemented from time to time). 

“Trademarks” shall mean all United States, and foreign trademarks, trade names, trade dress, corporate names, company names,
business names, fictitious business names, Internet domain names, service marks, certification marks, collective marks, slogans, logos, other source or business identifiers, designs and general intangibles of a like nature, whether or not
registered, and with respect to any and all of the foregoing: (i) all registrations and applications for any of the foregoing including, but not limited to, the registrations and applications required to be listed in Schedule 5.2(II) under the
heading “Trademarks” (as such schedule may be amended or supplemented from time to time), (ii) all extensions or renewals of, and amendments to, any of the foregoing, (iii) all of the goodwill of the business

  
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connected with the use of and symbolized by the foregoing, (iv) the right to sue for past, present and future infringement or dilution of any of the foregoing or for any injury to goodwill
of the foregoing, (v) all Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit, and (vi) all other rights of any kind accruing thereunder or pertaining
thereto throughout the world. 
 “UCC” shall mean the Uniform Commercial Code as in effect from time to time in the State
of New York; provided, however, that in the event that, by reason of mandatory provisions of law, any or all of the perfection or priority of, or remedies with respect to, any Collateral is governed by the Uniform Commercial Code as
enacted and in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the provisions hereof relating to
such perfection, priority or remedies. 
 “United States” shall mean the United States of America. 

“Vehicles” means all vehicles covered by a certificate of title law of any state. 

Section 1.02. Definitions; Interpretation. 

(a) In this Agreement, the following capitalized terms shall have the meaning given to them in the UCC (and, if defined in more than one
Article of the UCC, shall have the meaning given in Article 9 thereof): Account, Account Debtor, As-Extracted Collateral, Bank, Certificated Security, Chattel Paper, Consignee, Consignment, Consignor, Commercial Tort Claims, Commodity Account,
Commodity Contract, Deposit Account, Document, Entitlement Order, Equipment, Electronic Chattel Paper, Farm Products, Fixtures, General Intangibles, Goods, Health-Care-Insurance Receivable, Instrument, Inventory, Investment Property, Letter of
Credit Right, Manufactured Home, Money, Payment Intangible, Proceeds, Record, Securities Account, Securities Intermediary, Security Certificate, Security Entitlement, Supporting Obligations, Tangible Chattel Paper and Uncertificated Security. 

(b) All other capitalized terms used herein (including the recitals and recitals hereto) and not otherwise defined herein shall have the
meanings ascribed thereto in the First Out Credit Agreement (or if the context requires, the Second Out Credit Agreement). The incorporation by reference of terms defined in the First Out Credit Agreement and the Second Out Credit Agreement shall
survive any termination of such agreements until this agreement is terminated as provided in Article 13 hereof. Any of the terms defined herein may, unless the context otherwise requires, be used in the singular or the plural, depending on
the reference. References herein to any Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise specifically provided. The use herein of the word
“include” or “including”, when following any general statement, term or matter, shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to
similar items or matters, whether or not non-limiting language (such as “without limitation” or “but not limited to” or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other
items or matters that fall within the broadest possible scope of such general statement, term or matter. The terms lease and license shall include sub-lease and sub-license, as applicable. If any conflict or inconsistency exists between this
Agreement and the First Out Credit Agreement, the First Out Credit Agreement shall govern. All references herein to provisions of the UCC shall include all successor provisions under any subsequent version or amendment to any Article of the UCC.

  
 13 

 ARTICLE 2 

GRANT OF SECURITY 

Section 2.01. Grant of Security in Collateral. In addition to the grant of security interests set forth in the Interim Order (and,
when applicable, the Final Order) and subject to Section 2.02, each Grantor hereby grants to (i) the Revolving Agent for the benefit of the Revolving Secured Parties (at the time and in the manner set forth in
Section 2.03), (ii) the Term Agent for the benefit of the Term Secured Parties, (iii) the Bonding LC Agent for the benefit of the Bonding LC Secured Parties, (iv) the Term LC Agent for the benefit of the Term LC Secured
Parties and (v) the Second Out Agent for the benefit of the Second Out Secured Parties (at the time and in the manner set forth in Section 2.03), in each case, a security interest in and continuing lien on all of such Grantor’s
right, title and interest in, to and under the following property of such Grantor, in each case whether now owned or existing or hereafter acquired, created or arising and wherever located (all of which being hereinafter collectively referred to as
the “Collateral”): 
 (a) Accounts; 

(b) Chattel Paper; 
 (c) Deposit
Accounts and cash; 
 (d) Money; 

(e) Cash Collateral (as defined in the Interim Order or Final Order, as applicable); 

(f) Receivables and Receivable Records; 

(g) As-Extracted Collateral; 

(h) Documents; 
 (i) General
Intangibles; 
 (j) Goods, including without limitation Equipment and Inventory (which, for the avoidance of doubt, shall include Coal);

 (k) Instruments; 
 (l)
Insurance; 
 (m) Intellectual Property; 

(n) Investment Property and Investment Related Property, including without limitation all Securities Accounts, Securities Entitlements,
Commodities Accounts and Commodities Contracts; 
 (o) Letter of Credit Rights; 

(p) Vehicles; 
 (q) Commercial
Tort Claims now or hereafter described on Schedule 5.2; 

  
 14 

 (r) Real Property; 

(s) Real Property Leases; 
 (t)
the Term Facility Letter of Credit Account and all Term LC Collateral; 
 (u) the Bonding Facility Letter of Credit Account and all Bonding
LC Collateral; 
 (v) subject to entry of, and the terms of, the Final Order, Proceeds of Avoidance Actions (as defined in the First Out
Credit Agreement); 
 (w) all property of any Grantor held by any Agent or any other Secured Party, including all property of every
description, in the possession or custody of, or in transit to, such Agent or such Secured Party for any purpose, including safekeeping, collection or pledge for the account of such Grantor or as to which Grantor might have any right or voting
power; 
 (x) to the extent not otherwise included above, all other personal property of any kind or description; 

(y) all Collateral Records, Collateral Support and Supporting Obligations relating to any of the foregoing; and 

(z) to the extent not otherwise included above, all Proceeds, products, accessions, rents and profits of or in respect of any of the
foregoing. 
 Section 2.02. Certain Limited Exclusions to Collateral. 

(a) Except as set forth in the Interim Order (and, when applicable, the Final Order), in no event shall the Collateral include or the security
interests granted under Section 2.01 attach to Excluded Assets. 
 Section 2.03. Additional Agents and Secured
Obligations. The security interests granted to the Revolving Agent and the Second Out Agent, in each case, for the benefit of the relevant Secured Parties shall automatically attach and be granted as set forth above immediately and without
further action upon any such additional Agent becoming a party hereto in accordance with the terms hereof and of the First Out Credit Agreement (including in connection with the effectiveness of the Future ABL Facility or the Second Out Facility
after the date hereof). Each Agent party hereto acknowledges and agrees that such additional Agents may so join this Agreement and be granted Liens on the Collateral in the manner set forth herein after the date hereof. 

Section 2.04. Distinct Liens of Agents. For the avoidance of doubt, the Liens and security interests granted hereby to each of
(i) the Revolving Agent for the benefit of the Revolving Secured Parties (if and when such grant should occur pursuant to Section 2.03), (ii) the Term Agent for the benefit of the Term Secured Parties, (iii) the Bonding LC
Agent for the benefit of the Bonding LC Secured Parties, (iv) the Term LC Agent for the benefit of the Term LC Secured Parties and (v) the Second Out Agent for the benefit of the Second Out Secured Parties (if and when such grant should
occur pursuant to Section 2.03) are separate and distinct Liens and security interests. 

  
 15 

 ARTICLE 3 

SECURITY FOR OBLIGATIONS; PRIORITIES 

Section 3.01. Security for Obligations. 

(a) In addition to the security for payment of the Obligations to the Secured Parties provided by the Interim Order (and, when applicable, the
Final Order), subject in all respects to Article 10, this Agreement secures, and the Collateral is collateral security for, the prompt and complete payment or performance in full when due, whether at stated maturity, by required prepayment,
declaration, acceleration, demand or otherwise (including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code), of, with respect to every Grantor,
(i) Revolving Obligations, (ii) Term Obligations, (iii) Bonding LC Obligations, (iv) Term LC Obligations and (v) Second Out Obligations, in each case, to the extent outstanding and in the manner set forth in this Agreement.

 (b) Without limiting the generality of the foregoing, this Agreement secures, as to each Grantor, the payment of all amounts that
constitute part of the Obligations and would be owed by such Grantor or Subsidiary of the Borrower, as applicable, to any Secured Party under the First Out Loan Documents, the First Out Secured Agreements, or the Second Out Loan Documents but for
the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving any of the Loan Parties or other Subsidiaries of the Borrower. 

Section 3.02. Continuing Liability Under Collateral. Notwithstanding anything herein to the contrary, (i) each Grantor shall
remain liable for all obligations under the Collateral and nothing contained herein is intended or shall be a delegation of duties to any Agent or any Secured Party, (ii) each Grantor shall remain liable under each of the agreements included in
the Collateral, including, without limitation, any agreements relating to Pledged Partnership Interests or Pledged LLC Interests, to perform all of the obligations undertaken by it thereunder all in accordance with and pursuant to the terms and
provisions thereof and no Agent nor any Secured Party shall have any obligation or liability under any of such agreements by reason of or arising out of this Agreement or any other document related thereto nor shall any Agent nor any Secured Party
have any obligation to make any inquiry as to the nature or sufficiency of any payment received by it or have any obligation to take any action to collect or enforce any rights under any agreement included in the Collateral, including, without
limitation, any agreements relating to Pledged Partnership Interests or Pledged LLC Interests, and (iii) the exercise by any Agent of any of its rights hereunder shall not release any Grantor from any of its duties or obligations under the
contracts and agreements included in the Collateral. 
 Section 3.03. Lien Priorities. 

(a) Each Secured Party hereby acknowledges that the other Secured Parties have been granted Liens in the Collateral to secure their respective
Obligations. 
 (b) Notwithstanding anything to the contrary herein, 

(i) the Liens of the Bonding LC Agent on the Revolving Collateral constituting Bonding LC Collateral are first priority Liens
and shall be senior in right to the Liens of the Revolving Agent, Term Agent, Term LC Agent and Second Out Agent on the Revolving Collateral constituting Bonding LC Collateral, and such Liens of the Revolving Agent, Term Agent, Term LC Agent and
Second Out Agent on such Revolving Collateral shall be junior to the Liens of the Bonding LC Agent on such Revolving Collateral; 

(ii) otherwise, except as set forth in clause (i), the Liens of the Revolving Agent on the Revolving Collateral are
first priority Liens (and, for the avoidance of doubt, second in 

  
 16 

 
priority with respect to the Bonding LC Collateral) and shall be senior in right to the Liens of the Term Agent, Bonding LC Agent (except as set forth above), Term LC Agent and Second Out Agent
on the Revolving Collateral, and such Liens of the Term Agent, Bonding LC Agent (other than with respect to Revolving Collateral constituting Bonding LC Collateral), Term LC Agent and Second Out Agent on the Revolving Collateral shall be junior to
the Liens of the Revolving Agent on the Revolving Collateral; 
 (iii) the Liens of the Term Agent on the Revolving
Collateral are second priority Liens (and, for the avoidance of doubt, third in priority with respect to the Bonding LC Collateral) and shall be senior in right to the Liens of the Bonding LC Agent (except as set forth above), Term LC Agent and
Second Out Agent on the Revolving Collateral, and such Liens of the Bonding LC Agent (other than with respect to Revolving Collateral constituting Bonding LC Collateral), Term LC Agent and Second Out Agent on the Revolving Collateral shall be junior
to the Liens of the Term Agent on the Revolving Collateral; 
 (iv) the Liens of the Bonding LC Agent on the Revolving
Collateral are third priority Liens (except as set forth above) and shall be senior in right to the Liens of the Term LC Agent and Second Out Agent on the Revolving Collateral, and such Liens of the Term LC Agent and Second Out Agent on the
Revolving Collateral shall be junior to the Liens of the Bonding LC Agent on the Revolving Collateral; 
 (v) the Liens of
the Term LC Agent on the Revolving Collateral are fourth priority Liens and shall be senior in right to the Liens of the Second Out Agent on the Revolving Collateral, and such Liens of the Second Out Agent on the Revolving Collateral shall be junior
to the Liens of the Term LC Agent on the Revolving Collateral; 
 (vi) the Liens of the Second Out Agent on the Revolving
Collateral are fifth priority Liens and shall be junior to the Liens of the Revolving Agent, Term Agent, Bonding LC Agent and Term LC Agent on the Revolving Collateral; 

(vii) the Liens of the Term LC Agent on the Term Collateral constituting Term LC Collateral are first priority Liens and shall
be senior in right to the Liens of the Term Agent, Revolving Agent, Bonding LC Agent and Second Out Agent on the Term Collateral constituting Term LC Collateral, and such Liens of the Term Agent, Revolving Agent, Bonding LC Agent and Second Out
Agent on such Term Collateral shall be junior to the Liens of the Term LC Agent on such Term Collateral; 
 (viii) otherwise,
except as set forth in clause (vii), the Liens of the Term Agent on the Term Collateral are first priority Liens (and, for the avoidance of doubt, second in priority with respect to the Term LC Collateral) and shall be senior in right to the
Liens of the Revolving Agent, Term LC Agent (except as set forth above), Bonding LC Agent and Second Out Agent on the Term Collateral, and such Liens of the Revolving Agent, Term LC Agent (other than with respect to Term Collateral constituting Term
LC Collateral), Bonding LC Agent and Second Out Agent on the Term Collateral shall be junior to the Liens of the Term Agent on the Term Collateral; 

(ix) the Liens of the Revolving Agent on the Term Collateral are second priority Liens (and, for the avoidance of doubt, third
in priority with respect to the Term LC Collateral) and shall be senior in right to the Liens of the Term LC Agent (except as set forth above), Bonding LC Agent and Second Out Agent on the Term Collateral, and such Liens of the Term LC Agent (other
than with respect to Term Collateral constituting Term LC Collateral), Bonding LC Agent and Second Out Agent on the Term Collateral shall be junior to the Liens of the Revolving Agent on the Term Collateral; 

  
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 (x) the Liens of the Term LC Agent on the Term Collateral are third priority
Liens (except as set forth above) and shall be senior in right to the Liens of the Bonding LC Agent and Second Out Agent on the Term Collateral, and such Liens of the Bonding LC Agent and Second Out Agent on the Term Collateral shall be junior to
the Liens of the Term LC Agent on the Term Collateral; 
 (xi) the Liens of the Bonding LC Agent on the Term Collateral are
fourth priority Liens and shall be senior in right to the Liens of the Second Out Agent on the Term Collateral, and such Liens of the Second Out Agent on the Term Collateral shall be junior to the Liens of the Bonding LC Agent on the Term
Collateral; and 
 (xii) the Liens of the Second Out Agent on the Term Collateral are fifth priority Liens and shall be
junior to the Liens of the Term Agent, Revolving Agent, Term LC Agent and Bonding LC Agent on the Term Collateral. 
 (c) The priorities of
the Liens provided in this Section 3.03 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement, replacement or refinancing of any of the Obligations, nor by any action or
inaction which any of the Secured Parties may take or fail to take in respect of the Collateral. 
 (d) Notwithstanding the lien priority
described in Section 3.03(b), all proceeds of Collateral shall be applied to the Obligations as set forth in Section 10.09, subject to the Orders. 

Section 3.04. Contesting Liens. Each Secured Party agrees that it will not institute or join in any contest of the validity,
perfection, priority or enforceability of the Liens of the other Secured Parties in any Collateral or the enforceability of any Obligations; provided that nothing in this Agreement shall be construed to prevent or impair the rights of the
Agents to enforce this Agreement, including the provisions hereof relating to Lien priority. 
 ARTICLE 4 

CERTAIN PERFECTION REQUIREMENTS 

Section 4.01. Delivery Requirements. 

(a) With respect to any Certificated Securities included in the Collateral, each Grantor shall deliver, without further order from the
Bankruptcy Court, to the Term Agent the Security Certificates evidencing such Certificated Securities, duly indorsed by an effective indorsement (within the meaning of Section 8-107 of the UCC), or accompanied by share transfer powers or other
instruments of transfer duly endorsed by such an effective endorsement, in each case, to the Term Agent or in blank, to the extent such Security Certificates and instruments are not in possession of the Term Agent; provided, that the Grantors
need not comply with the foregoing with respect to Certificated Securities that were delivered (or that are required to be delivered) pursuant to, or in connection with, the Existing Credit Agreement to the extent (and only for so long as) the
Existing Credit Agreement is not Paid in Full. In addition, each Grantor shall cause any certificates evidencing any Pledged Equity Interests, including, without limitation, any Pledged Partnership Interests or Pledged LLC Interests, to be similarly
delivered to the Term Agent regardless of whether such Pledged Equity Interests constitute Certificated Securities; provided, that the Grantors need not comply with the foregoing with respect to such certificates that were delivered (or that
are required to be delivered) pursuant to the Existing Credit Agreement to the extent (and only for so long as) the Existing Credit Agreement is not Paid in Full. 

(b) With respect to any Instruments or Tangible Chattel Paper included in the Collateral, each Grantor shall deliver to the Term Agent all
such Instruments or Tangible Chattel Paper to the Term Agent duly indorsed in blank; provided, that the Grantors need not comply with the foregoing with respect to Instruments or Tangible Chattel Paper that were delivered (or that are
required to be delivered) pursuant to the Existing Credit Agreement to the extent (and only for so long as) the Existing Credit Agreement is not Paid in Full. 

  
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 Section 4.02. [Reserved]. 

Section 4.03. Intellectual Property Recording Requirements. 

(a) In the case of any Collateral (whether now owned or hereafter acquired or created by any Grantor) consisting of U.S. Patents and
applications therefor, upon request of the Term Agent, such Grantor shall, without further order from the Bankruptcy Court, execute and deliver to the Agents a Patent Security Agreement in substantially the form of Exhibit D hereto (or a supplement
thereto) covering all such Patents and applications therefor in appropriate form for recordation with the U.S. Patent and Trademark Office with respect to the security interests of the Agents; provided, notwithstanding the foregoing, no such
Patent Security Agreement shall be required until the date that is forty-five (45) days after the date hereof. 
 (b) In the case of
any Collateral (whether now owned or hereafter acquired or created by any Grantor) consisting of registered U.S. Trademarks and applications therefor, upon request of the Term Agent, such Grantor shall, without further order from the Bankruptcy
Court, execute and deliver to the Agents a Trademark Security Agreement in substantially the form of Exhibit B hereto (or a supplement thereto) covering such registered U.S. Trademarks and applications therefor in appropriate form for recordation
with the U.S. Patent and Trademark Office with respect to the security interests of the Agents provided, notwithstanding the foregoing, no such Trademark Security Agreement shall be required until the date that is forty-five (45) days
after the date hereof. 
 (c) In the case of any Collateral (whether now owned or hereafter acquired or created by any Grantor) consisting
of registered U.S. Copyrights and Copyright Licenses in respect of registered U.S. Copyrights for which any Grantor is the exclusive licensee, upon request of the Term Agent, such Grantor shall, without further order from the Bankruptcy Court,
execute and deliver to the Agents a Copyright Security Agreement in substantially the form of Exhibit C hereto (or a supplement thereto) covering such Copyrights and Copyright Licenses is in appropriate form for recordation with the U.S. Copyright
Office with respect to the security interests of the Agents; provided, notwithstanding the foregoing, no such Copyright Security Agreement shall be required until the date that is forty-five (45) days after the date hereof. 

Section 4.04. Other Actions. Each Grantor consents to the grant by each other Grantor of a Lien in all Investment Related Property
to each Agent and without limiting the generality of the foregoing, consents to the transfer of any Pledged Partnership Interest and any Pledged LLC Interest that is not an Excluded Asset to the applicable Agent or its designee following an Event of
Default and to the substitution of the applicable Agent or its designee as a partner in any partnership or as a member in any limited liability company with all the rights and powers related thereto. 

  
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 ARTICLE 5 

REPRESENTATIONS AND WARRANTIES 

Each Grantor hereby represents and warrants, on the Effective Date and upon the date of each Credit Extension, that: 

Section 5.01. Grantor Information and Status. 

(a) Schedule 5.1(A) and (B) (as such schedules may be amended or supplemented from time to time) sets forth under the appropriate
headings: (1) the full legal name of such Grantor, (2) all trade names or other names under which such Grantor currently conducts business, (3) the type of organization of such Grantor, (4) the jurisdiction of organization of
such Grantor, (5) its federal tax identification number, if any, and, if and to the extent requested by any Agent, its organizational identification number, if any and (6) the jurisdiction and address where the chief executive office or
its sole place of business (or the principal residence if such Grantor is a natural person) is located. 
 (b) except as provided on
Schedule 5.1(C), it has not changed its name, jurisdiction of organization, chief executive office or sole place of business (or principal residence if such Grantor is a natural person) or its corporate structure (e.g., by merger,
consolidation, change in corporate form or otherwise) and has not done business under any other name, in each case, since the date that is five (5) years prior to the Effective Date. 

(c) it has not, since the date that is five (5) years prior to the Effective Date, become bound (whether as a result of merger or
otherwise) as debtor under a security agreement entered into by another Person, which has not heretofore been terminated; and 
 (d) no
Grantor is a “transmitting utility” (as defined in Section 9-102(a)(80) of the UCC). 
 Section 5.02. Collateral
Identification, Special Collateral. 
 (a) Schedule 5.2 (as such schedule may be amended or supplemented from time to time;
provided, that it is understood and agreed that (x) Schedule 5.2 is not required to be delivered until the date that is forty-five (45) days following the date hereof (or such later date as the First Out Agents may agree in their
discretion) and (y) the representations set forth in this clause (a) shall not be applicable prior to the date of delivery, but shall be applicable thereafter) sets forth under the appropriate headings all of such Grantor’s:
(1) Pledged Equity Interests, (2) Pledged Debt, (3) Securities Accounts, (4) Deposit Accounts, (5) Commodity Contracts, (6) United States registrations of Patents, Trademarks, and Copyrights owned by each Grantor,
(7) exclusive Patent Licenses, Trademark Licenses, Trade Secret Licenses and Copyright Licenses, (8) Commercial Tort Claims having a value in excess of $500,000, (9) Letter of Credit Rights, (10) the name and address of any
warehouseman, bailee or other third party in possession of any Inventory, Equipment and other tangible personal property having a value in excess of $1,000,000 and (11) any Material Leases (as defined in the First Out Credit Agreement); 

(b) none of the Collateral constitutes, or is the Proceeds of, (1) Farm Products, (2) Manufactured Homes,
(3) Health-Care-Insurance Receivables; (4) timber to be cut, or (5) aircraft, aircraft engines, satellites, ships or railroad rolling stock. No material portion of the Collateral consists of Vehicles or other goods subject to a
certificate of title statute of any jurisdiction; and 
 (c) all information supplied by any Grantor with respect to any of the Collateral
(in each case taken as a whole with respect to any particular type or class of Collateral) is, to the knowledge of such Grantor, accurate and complete in all material respects. 

  
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 Section 5.03. Ownership of Collateral and Absence of Other Liens. 

(a) it owns the Collateral purported to be owned by it or otherwise has the rights it purports to have in each item of Collateral free and
clear of any and all Liens, rights or claims of all other Persons, including, without limitation, liens arising as a result of such Grantor becoming bound (as a result of merger or otherwise) as debtor under a security agreement entered into by
another Person, other than the security interest created under this Agreement or by the Interim Order (or, when applicable, the Final Order), or any Liens permitted by Section 6.03 of the First Out Credit Agreement; and 

(b) no effective financing statement, fixture filing or other instrument similar in effect under any applicable law covering all or any part
of the Collateral is on file in any filing or recording office except for (w) any financing statement filed in favor of any Agent pursuant to this Agreement, (x) financing statements for which duly authorized proper termination statements
have been delivered to the applicable Agent for filing and (y) financing statements filed in connection with Liens permitted by Section 6.03 of the First Out Credit Agreement. 

Section 5.04. Status of Security Interests. 

(a) upon and subject to the entry of the Interim Order (and, when applicable, the Final Order), each security interest created hereunder
constitutes a legal, valid and perfected security interest in the Collateral to the extent set forth in the Interim Order (and, when applicable, the Final Order); and 

(b) upon entry of the Interim Order (and, when applicable, the Final Order), no authorization or approval or other action by, and no notice to
or filing with, any governmental authority or regulatory body or any other third party is required for (i) the grant by such Grantor of the security interests granted hereunder or for the execution, delivery or performance of this Agreement by
such Grantor, (ii) the perfection or maintenance of the security interests created hereunder (including the priority of Liens set forth in Section 3.03(b)) or (iii) the exercise by the applicable Agent of its voting or other
rights provided for in this Agreement or the remedies in respect of the Collateral pursuant to this Agreement, except as set forth above and as may be required in connection with the disposition of any portion of the Pledged Equity Interests by laws
affecting the offering and sale of securities generally. 
 Section 5.05. Goods & Receivables. 

(a) except as set forth on Schedule 5.5 (as such schedule may be amended or supplemented from time to time), none of the Account Debtors in
respect of any Receivable is the government of the United States, any agency or instrumentality thereof, any state or municipality or any foreign sovereign; provided, that it is understood and agreed that (x) Schedule 5.5 is not required
to be delivered until the date that is forty-five (45) days following the date hereof (or such later date as the First Out Agents may agree in their discretion) and (y) the representations set forth in this clause (a) shall not
be applicable prior to the date of delivery, but shall be applicable thereafter; 
 (b) [reserved]; and 

(c) other than any Inventory or Equipment in transit, all of the Equipment and Inventory having a value in excess of $1,000,000 included in
the Collateral is located only at the locations specified in Schedule 5.5 (as such schedule may be amended or supplemented from time to time); provided, that it is understood and agreed that (x) Schedule 5.5 is not required to be
delivered until the date that is forty-five (45) days following the date hereof (or such later date as the First Out Agents may agree in their discretion) and (y) the representations set forth in this clause (c) shall not be
applicable prior to the date of delivery, but shall be applicable thereafter. 

  
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 Section 5.06. Pledged Equity Interests, Investment Related Property. 

(a) it is the record and beneficial owner of the Pledged Equity Interests free of all Liens, rights or claims of other Persons (except the
security interests created by this Agreement, the Interim Order (and the Final Order, when applicable) and Liens permitted by Section 6.03(e) of the First Out Credit Agreement) and there are no outstanding warrants, options or other rights to
purchase, or shareholder, voting trust or similar agreements outstanding with respect to, or property that is convertible into, or that requires the issuance or sale of, any Pledged Equity Interests; and 

(b) the Pledged Partnership Interests and the Pledged LLC Interests (i) are not dealt in or traded on securities exchanges or in
securities markets and (ii) are not “investment company securities” (as defined in Section 8-103(b) of the Uniform Commercial Code). 

Section 5.07. Intellectual Property. 

(a) as of the date of delivery thereof, Schedule 5.2(II) sets forth a true and accurate list of (i) all United States registrations of
and applications for Patents, Trademarks, and Copyrights owned by any Grantor that are registered or applied-for in the U.S. Patent and Trademark Office or U.S. Copyright Office and (ii) all exclusive Patent Licenses, Trademark Licenses, Trade
Secret Licenses and Copyright Licenses; provided, that it is understood and agreed that Schedule 5.2(II) is not required to be delivered until the date that is forty-five (45) days following the date hereof (or such later date as the
First Out Agents may agree in their discretion). 
 (b) it is the sole and exclusive owner of the entire right, title, and interest in and
to all Intellectual Property listed on Schedule 5.2(II) (as such schedule may be amended or supplemented from time to time), and except to the extent that it would not cause a Material Adverse Effect, owns or has the valid right to use and,
where Grantor does so, sublicense others to use, all other Intellectual Property used or held for use in, or necessary to, the conduct of its business, free and clear of all Liens, except for the security interests created under this Agreement, by
the Interim Order (and, when applicable, the Final Order) or Liens permitted by Section 6.03 of the First Out Credit Agreement (as each may be amended or supplemented from time to time), it being understood that the representations set forth in
this clause (b) relating to Schedule 5.2(II) shall not be applicable prior to the date of delivery of Schedule 5.2(II) (as set forth in the foregoing clause (a)), but shall be applicable thereafter; 

(c) except to the extent any such occurrence could not reasonably be expected to cause a Material Adverse Effect, all Intellectual Property
owned or purported to be owned by Grantor is subsisting and has not been adjudged invalid or unenforceable, in whole or in part, nor, in the case of issued Patents, is any of such Intellectual Property the subject of a reexamination proceeding, and
each Grantor has performed all acts and has paid all renewal, maintenance, and other fees and taxes required to maintain each and every of its registrations and applications of Copyrights, Patents and Trademarks in full force and effect; 

(d) all Intellectual Property owned by such Grantor is valid and enforceable to the best of such Grantor’s knowledge, no holding,
decision, ruling, or judgment has been rendered in any action or proceeding before any court or administrative authority challenging the validity, enforceability or scope of, such Grantor’s right to register, or such Grantor’s rights to
own or use, any Intellectual Property and no such action or proceeding is pending or, to the best of such Grantor’s knowledge, threatened in writing against Grantor (except, in each case, for routine office actions or similar proceedings in the
U.S. Patent and Trademark Office or U.S. Copyright office or similar administrative authorities), in each instance, except to the extent any such occurrence could not reasonably be expected to cause a Material Adverse Effect; 

  
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 (e) all registrations and applications for Copyrights, Patents and Trademarks owned by each
Grantor are standing in the name of each Grantor, and none of the material Trademarks, Patents, Copyrights or Trade Secrets owned by each Grantor has been exclusively licensed by any Grantor to any Affiliate or third party, except as disclosed in
Schedule 5.2 (II) (as each may be amended or supplemented from time to time), and all exclusive Copyright Licenses for registered copyrightable works to which Grantor is the licensee have been properly recorded in the U.S. Copyright Office, except
as could not reasonably be expected to cause a Material Adverse Effect; 
 (f) With respect to each Copyright License, Trademark License,
Patent License, and Trade Secret License: (i) to the best of each Grantor’s knowledge, such agreement constitutes a legal, valid and binding obligation of such Grantor and represents the entire agreement between the respective licensor and
licensee with respect to the subject matter of such license; (ii) such Grantor has not received any written notice of termination or cancellation under such license; (iii) such Grantor has not received any written notice of a breach or
default under such license, which breach or default has not been cured; and (iv) such Grantor is not in breach or default in any material respect, and no event has occurred that, with notice and/or lapse of time, would constitute such a breach
or default or otherwise permit termination, modification or acceleration under such agreement, in each case, except as could not reasonably be expected to have a Material Adverse Effect; 

(g) except to the extent that the failure to do so could not reasonably be expected to cause a Material Adverse Effect, each Grantor has been
using appropriate statutory notice of registration in connection with its use of registered Trademarks, proper marking practices in connection with the use of Patents, and appropriate notice of copyright in connection with the publication of
Copyrights, in each case, consistent with industry standards; 
 (h) each Grantor has taken commercially reasonable steps to protect the
confidentiality of its Trade Secrets in accordance with industry standards, except to the extent that the failure to do so could not reasonably be expected to cause a Material Adverse Effect; 

(i) each Grantor uses reasonable standards of quality in the manufacture, distribution, and sale of all products sold and in the provision of
all services rendered under or in connection with all Trademarks of such Grantor and has taken reasonable action to ensure that all licensees of the Trademarks owned by such Grantor use such reasonable standards of quality; 

(j) to the knowledge of each Grantor, the conduct of such Grantor’s business does not infringe upon, misappropriate, dilute or otherwise
violate any Intellectual Property right of any other Person; no claim has been made, is pending or, to the knowledge of each Grantor, is threatened in writing against Grantor, alleging that the use of any Intellectual Property owned or used by such
Grantor infringes upon, dilutes, misappropriates or otherwise violates the Intellectual Property of any other Person, and no demand that such Grantor enter into a license or co-existence agreement or become a defendant in Intellectual Property
litigation has been made in writing against such Grantor but not resolved; 
 (k) the best of each Grantor’s knowledge, no other Person
is infringing upon, misappropriating, diluting or otherwise violating any rights in any Intellectual Property owned by such Grantor except to the extent as could not reasonably be expected to cause a Material Adverse Effect; and 

(l) no settlement or consents, covenants not to sue, co-existence agreements, non-assertion assurances, or releases have been entered into by
such Grantor in a manner that could materially adversely affect such Grantor’s rights to own, license or use any Material Intellectual Property. 

  
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 ARTICLE 6 

COVENANTS AND AGREEMENTS 

Each Grantor hereby covenants and agrees that: 

Section 6.01. Grantor Information & Status. 

(a) Without limiting or modifying any prohibitions or restrictions on mergers or other transactions as set forth in the First Out Credit
Agreement, it shall not change such Grantor’s name, identity, corporate structure (e.g. by merger, consolidation, change in corporate form or otherwise), sole place of business (or principal residence if such Grantor is a natural
person), chief executive office, type of organization or jurisdiction of organization or establish any trade names unless it shall have (a) notified the Agents in writing by no later than ten (10) days after any such change or
establishment (or such lesser period of time as agreed by the First Out Agents), identifying such new name, identity, corporate structure, sole place of business (or principal residence if such Grantor is a natural person), chief executive office,
jurisdiction of organization or trade name and providing such other information in connection therewith as the Agents may reasonably request and (b) taken all actions necessary or advisable to maintain the continuous validity, perfection and
priority of the Agents’ security interests in the applicable Collateral granted or intended to be granted and agreed to hereby. 

Section 6.02. Collateral Identification; Special Collateral. 

(a) in the event that it hereafter acquires any Collateral of a type described in Section 5.02(b) hereof, it shall promptly notify
the Agents thereof in writing and take such actions and execute such necessary or desirable documents and make such necessary or desirable filings all at Grantor’s expense as the Term Agent may reasonably request in order to ensure that the
Agents have a valid, perfected security interest in such Collateral to the extent permitted by applicable law, in each case, subject to any Liens permitted by Section 6.03 of the First Out Credit Agreement. 

(b) in the event that it hereafter acquires or has any Commercial Tort Claim the value of exceeds $500,000 it shall deliver to the Agents a
completed Pledge Supplement, substantially in the form of Exhibit A attached hereto, together with all Supplements to Schedules thereto, identifying such new Commercial Tort Claims. 

Section 6.03. Ownership of Collateral and Absence of Other Liens. 

(a) except for the security interests created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any
of the Collateral, other than Liens permitted by Section 6.03 of the First Out Credit Agreement, and such Grantor shall defend the Collateral against all Persons claiming an interest therein that could be materially adverse to the interests of
the Secured Parties; 
 (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the
Agents in writing of any event that may have a Material Adverse Effect on the value of the Collateral, the ability of any Grantor or any Agent to dispose of the Collateral, or the rights and remedies of any Agent in relation thereto, including,
without limitation, the levy of any legal process against any material portion of the Collateral; and 
 (c) it shall not sell, transfer or
assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the First Out Credit Agreement. 

  
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 Section 6.04. Status of Security Interests. 

(a) Subject to the limitations set forth in subsection (b) of this Section 6.04, each Grantor shall maintain the
respective security interests of the Agents hereunder in the applicable Collateral as valid, perfected, Liens (subject only to Liens permitted by Section 6.03 of the First Out Credit Agreement) having the priorities specified in
Section 3.03(b). 
 (b) Notwithstanding the foregoing, no Grantor shall be required to take any action to perfect any Collateral
that can only be perfected by (1) Control or (2) filings with registrars of motor vehicles or similar governmental authorities with respect to goods covered by a certificate of title, in each case except to the extent (x) reasonably
requested by any First Out Agent, (y) specified in Article 4 hereof or (z) expressly required pursuant to the First Out Credit Agreement or Second Out Credit Agreement; provided, it is understood and agreed that the
Grantors shall, in additional to any control agreement requirements set forth in the Credit Agreements, within thirty (30) days after they initially provide Schedule 5.2 of this Agreement (or such later date as may be agreed by the First Out
Agents), enter into and caused to be maintained deposit account control agreements and security account control agreements (reasonably satisfactory in form and substance to the First Out Agents in their reasonable discretion) in respect of each of
the Deposit Accounts and Securities Accounts set forth on such schedule (other than any Excluded Accounts and other than any such Deposit Account or Securities Account where the First Out Agents consent to not providing such a control agreement).

 Section 6.05. Goods & Receivables. 

(a) it shall not deliver any Document evidencing any Equipment and Inventory to any Person other than (i) to the issuer of such Document
to claim the Goods evidenced therefor, (ii) in connection with a sale of such Equipment or Inventory in the ordinary course of business or (iii) to the Term Agent; 

(b) if any Equipment or Inventory having a value of $1,000,000 or more is in possession or control of any warehouseman, bailee or other third
party (other than a Consignee under a Consignment for which such Grantor is the Consignor), at the reasonable request of the Term Agent, each Grantor shall join with the Agents in notifying the third party of the Agents’ security interests and
using its commercially reasonable efforts to obtain the consent of such third party to permit the First Out Agents to have access to such Equipment or Inventory for purposes of inspecting such Collateral or, following an Event of Default, to remove
same from such premises if the applicable Agent so elects; and with respect to any Goods subject to a Consignment for which such Grantor is the Consignor, Grantor shall, at the reasonable request of a First Out Agent, file appropriate financing
statements against the Consignee and take such other action as may be reasonably necessary to ensure that the Grantor has a first priority perfected security interest in such Goods; 

(c) [reserved]; 
 (d) following
and during the continuation of an Event of Default and notice to the appropriate Grantor, the Revolving Agent shall have the right at any time to notify, or require any Grantor to notify, any Account Debtor of the Revolving Agent’s security
interest in the Receivables and any Supporting Obligation and, in addition, the Revolving Agent may: (1) direct the Account Debtors under any Receivables to make payment of all amounts due or to become due to such Grantor thereunder directly to
the Revolving Agent; (2) notify, or require any Grantor to notify, each Person maintaining a 

  
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lockbox or similar arrangement to which Account Debtors under any Receivables have been directed to make payment to remit all amounts representing collections on checks and other payment items
from time to time sent to or deposited in such lockbox or other arrangement directly to the Revolving Agent; and (3) enforce, at the expense of such Grantor, collection of any such Receivables and to adjust, settle or compromise the amount or
payment thereof, exercising the same level of care, and in the same manner and to the same extent as such Grantor might have done. If the Revolving Agent notifies any Grantor that it has elected to collect the Receivables in accordance with the
preceding sentence, any payments of Receivables received by such Grantor shall be forthwith (and in any event within two (2) Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Revolving
Agent if required, in the Agent Sweep Account (as defined in the First Out Credit Agreement) maintained under the sole dominion and control of the Revolving Agent, and until so turned over, all amounts and proceeds (including checks and other
instruments) received by such Grantor in respect of the Receivables, any Supporting Obligation or Collateral Support therefor shall be received in trust for the benefit of the Revolving Agent hereunder and shall be segregated from other funds of
such Grantor and such Grantor shall not adjust, settle or compromise the amount or payment of any Receivable, or release wholly or partly any Account Debtor or obligor thereof, or allow any credit or discount thereon without the consent of the
Revolving Agent. 
 Section 6.06. Pledged Equity Interests, Investment Related Property. 

(a) Except as provided in the next sentence, in the event such Grantor receives any dividends, interest or distributions on any Pledged Equity
Interest or other Investment Related Property, upon the merger, consolidation, liquidation or dissolution of any issuer of any Pledged Equity Interest or Investment Related Property, then (a) such dividends, interest or distributions and
securities or other property shall be included in the definition of Collateral without further action and (b) such Grantor shall take all steps, if any, reasonably necessary to ensure the validity, perfection, priority and, if applicable,
control of the Term Agent over such Investment Related Property (including, without limitation, to the extent so required, delivery thereof to the Term Agent) and pending any such action such Grantor shall segregate such dividends, distributions,
Securities or other property from all other property of such Grantor. Notwithstanding the foregoing, so long as no Event of Default shall have occurred and be continuing, the Agents authorize each Grantor to retain all ordinary cash dividends and
distributions paid in the normal course of the business of the issuer and consistent with the past practice of the issuer and all scheduled payments of interest. 

(b) Voting. 
 (i)
So long as no Event of Default shall have occurred and be continuing: 
 (A) each Grantor shall be entitled to exercise or
refrain from exercising any and all voting and other consensual rights pertaining to the Investment Related Property or any part thereof for any purpose not inconsistent with the terms of this Agreement or the First Out Credit Agreement;
provided, no Grantor shall exercise or refrain from exercising any such right if such action could reasonably be expected to have a material adverse effect on the value of the Investment Related Property or any part thereof; and 

(ii) Upon the occurrence and during the continuation of an Event of Default and upon two (2) Business Days prior written
notice from the Term Agent to such Grantor of the Term Agent’s intention to exercise such rights: 
 (A) all rights of
each Grantor to exercise or refrain from exercising the voting and other consensual rights which it would otherwise be entitled to exercise pursuant 

  
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hereto shall cease and all such rights shall thereupon become vested in the Term Agent who shall thereupon have the sole right to exercise such voting and other consensual rights; and 

(B) in order to permit the Term Agent to exercise the voting and other consensual rights which it may be entitled to exercise
pursuant hereto and to receive all dividends and other distributions which it may be entitled to receive hereunder: (1) each Grantor shall promptly execute and deliver (or cause to be executed and delivered) to the Term Agent all necessary
proxies, dividend payment orders and other instruments as the Term Agent may from time to time reasonably request and (2) each Grantor acknowledges that the Term Agent may utilize the power of attorney set forth in Section 8.01.

 (c) except as expressly permitted by the First Out Credit Agreement, without the prior written consent of the Term Agent, it shall not
vote to enable or take any other action to: (a) amend or terminate any partnership agreement, limited liability company agreement, certificate of incorporation, by-laws or other organizational documents in any way that adversely affects the
validity, perfection or priority of the Agents’ security interests, (b) permit any issuer of any Pledged Equity Interest to issue any additional stock, partnership interests, limited liability company interests or other equity interests of
any nature or to issue securities convertible into or granting the right of purchase or exchange for any stock or other equity interest of any nature of such issuer (unless such interests are Collateral and the security interests granted hereby
therein promptly become perfected, including by Control of the Term Agent, if necessary, in the manner required by Section 4.01 hereof), (c) other than as permitted under the First Out Credit Agreement, permit any issuer of any
Pledged Equity Interest to dispose of all or a material portion of their assets, or (d) waive any material default under or breach of any terms of organizational document relating to the issuer of any Pledged Equity Interest or the terms of any
Pledged Debt; 
 (d) except as expressly permitted by the First Out Credit Agreement, without the prior written consent of the Term Agent,
it shall not permit any issuer of any Pledged Equity Interest to merge or consolidate unless (i) to the extent a Subsidiary, such issuer creates a security interest that is perfected by a filed financing statement (that is not effective solely
under Section 9-508 of the UCC) in collateral in which such new debtor has or acquires rights, (ii) all the outstanding capital stock or other equity interests of the surviving or resulting corporation, limited liability company,
partnership or other entity is, upon such merger or consolidation, pledged hereunder and no cash, securities or other property is distributed in respect of the outstanding equity interests of any other constituent Grantor and (iii) such Grantor
promptly complies with the delivery and control requirements of Article 4 hereof; and 
 (e) without the prior express written
consent of the Term Agent, it will not agree to any election by any partnership or limited liability company to treat the Pledged Partnership Interests or Pledged LLC Interests, as applicable, as securities governed by the Uniform Commercial Code of
any jurisdiction. Such Grantor will take such action as the Term Agent may reasonably request in order to establish the such Term Agent’s “control” (within the meaning of Section 8-106 of the Uniform Commercial Code) over such
Pledged Partnership Interests or Pledged LLC Interests. 
 Section 6.07. Intellectual Property. 

(a) it shall not do any act or omit to do any act whereby any of the Material Intellectual Property may lapse, or become abandoned, dedicated
to the public, forfeited, materially impaired or unenforceable, or which would materially adversely affect the validity, grant, or enforceability of the security interest granted therein; 

  
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 (b) [reserved]; 

(c) it shall, within thirty (30) days of being granted an exclusive license to any registered Copyrightable work which is material to the
business of Grantor, record such license, in the U.S. Copyright Office; 
 (d) it shall promptly notify the Agents if it has actual
knowledge that any item of Material Intellectual Property that Grantor owns may become (a) abandoned or dedicated to the public or placed in the public domain or (b) invalid or unenforceable; 

(e) it shall promptly notify the Agents of (i) the institution of any proceeding in any court, administrative or other governmental body
or in the U.S. Patent and Trademark Office or the U.S. Copyright Office, or any adverse determination in any such proceeding (other than with respect to routine or immaterial office actions or other similar determinations in the ordinary course of
prosecution before the U.S. Patent and Trademark Office or the U.S. Copyright Office), expressly contesting the validity or enforceability of any Material Intellectual Property or such Grantor’s right to register, own or use such Intellectual
Property; or (ii) any events which may reasonably be expected to materially and adversely affect the value of any Material Intellectual Property or the rights and remedies of the Agents in relation thereto; 

(f) unless otherwise agreed by the Term Agent, it shall take all reasonable steps, including in any proceeding before the U.S. Patent and
Trademark Office, the United States Copyright Office, any state registry or any foreign counterpart of the foregoing, to pursue any application and maintain any registration of each Trademark, Patent, and Copyright that constitutes Material
Intellectual Property owned by any Grantor, including, but not limited to, those items on Schedule 5.2 (II) (as each may be amended or supplemented from time to time); 

(g) in the event that any Material Intellectual Property owned by any Grantor is infringed, misappropriated, diluted or otherwise violated by
a third party, such Grantor shall promptly take all reasonable actions to stop such infringement, misappropriation, dilution or other violation and protect its rights in such Intellectual Property including, but not limited to, if Grantor determines
litigation is appropriate in its reasonable business judgment, the initiation of a suit for injunctive relief and to recover damages; 
 (h)
it shall take commercially reasonable steps, consistent with industry standards, to protect the secrecy of all material Trade Secrets, including, without limitation, entering into confidentiality agreements with employees and consultants and
labeling and restricting access to secret information and documents; 
 (i) except to the extent that the failure to do so could not
reasonably be expected to cause a Material Adverse Effect, it shall use proper statutory notice in connection with its use of any of the Patents, Trademarks and Copyrights that constitute Material Intellectual Property, in each case, consistent with
industry standards; and 
 (j) it shall continue to collect, at its own expense, all material amounts due or to become due to such Grantor
in respect of the Intellectual Property or any portion thereof. 

  
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 Section 6.08. [Reserved]; 

Section 6.09. As-Extracted Collateral. If a Grantor shall acquire any interest in any Real Property which, to the knowledge of
such Grantor, contains oil, gas, Coal or other minerals with more than a de minimis amount of value or any As-Extracted Collateral then, in each case, unless such Real Property containing oil, gas, Coal or other minerals or such As-Extracted
Collateral is included on Schedule 6.9 hereto, such Grantor shall (i) provide notice thereof to the Agents within ten (10) days of such acquisition (or such later period of time as agreed by the First Out Agents), together with a
supplement to Schedule 6.9 reflecting such acquisition, (ii) without limiting any related obligations under the First Out Credit Agreement, at the reasonable request of any First Out Agent, deliver to the Agents fully completed financing
statement(s) in appropriate form for filing covering such As-Extracted Collateral (which financing statements shall include the name of the record owner of the real property if other than the Grantor and accurate real estate descriptions sufficient
to locate such real property on the ground and enable the Agents to record the financing statements in the appropriate real property records) and (iii) reimburse each Agent for all related filing fees and any recording or stamp taxes due in
connection with such filings. 
 ARTICLE 7 

ACCESS; RIGHT OF INSPECTION AND FURTHER
ASSURANCES; ADDITIONAL GRANTORS 
 Section 7.01. [Reserved]. 

Section 7.02. Further Assurances. 

(a) Each Grantor agrees that from time to time, at the expense of such Grantor, that it shall, without further order from the Bankruptcy Court
(unless so required by applicable law), promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary, or that any Agent may reasonably request, in order to perfect and maintain the validity,
effectiveness and priority of any security interest granted hereby or to enable such Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Without limiting the generality of the foregoing, each Grantor
shall: 
 (i) at any Agent’s request, appear in and defend any action or proceeding that may materially and adversely
effect on such Grantor’s title to or the Agents’ security interests in all or any part of the Collateral; and 

(ii) furnish the Agents with such information regarding the Collateral, including, without limitation, the location thereof, as
any Agent may reasonably request from time to time. 
 (b) Each Grantor hereby authorizes the Agents to file a Record or Records, including,
without limitation, financing or continuation statements, intellectual property security agreements and amendments to any of the foregoing, in any jurisdictions and with any filing offices as the Agents may determine, in their sole discretion, are
necessary or advisable to perfect or otherwise protect the security interests granted to the Agents herein. Such financing statements may describe the Collateral in the same manner as described herein or may contain an indication or description of
collateral that describes such property in any other manner as the applicable Agent may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interests in the Collateral granted to the Agents
herein, including (if applicable), without limitation, describing such property as “all assets, whether now owned or hereafter acquired” or words of similar effect. 

(c) Each Grantor hereby authorizes the Term Agent to modify this Agreement after obtaining such Grantor’s signature to such modification
by amending Schedule 5.2 (as such schedule may be 

  
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amended or supplemented as provided in this Agreement) to include reference to any right, title or interest in any existing Intellectual Property or any Intellectual Property acquired or
developed by any Grantor after the execution hereof or to delete any reference to any right, title or interest in any Intellectual Property in which any Grantor no longer has or claims any right, title or interest. 

(d) Notwithstanding anything to the contrary in this Agreement, no Grantor shall be obligated to update any schedule hereto (other than
(x) pursuant to changes of the information required by Section 5.01(a) or (b), which updated information shall be provided to supplement the schedules hereto as soon as practicable, (y) pursuant to any other express
covenant or requirement in this Agreement to update a schedule or (z) pursuant to an express covenant or requirement of the First Out Credit Agreement (including, without limitation, Section 5.4(i) of the First Out Credit Agreement) or
Second Out Credit Agreement) except (i) concurrently with the delivery of the Borrower’s financial statements in accordance with Section 5.04(a) of the First Out Credit Agreement or (ii) promptly upon the request of any First Out
Agent during an Event of Default, and no default or failure of any representation shall result from any failure to update a schedule other than in accordance with this Section 7.02(d). 

Section 7.03. Additional Grantors. From time to time subsequent to the date hereof, additional Persons may become parties hereto
as additional Grantors (each, an “Additional Grantor”), by executing a Pledge Supplement. Upon delivery of any such Pledge Supplement to the Agents, notice of which is hereby waived by Grantors, each Additional Grantor shall be a
Grantor and shall be as fully a party hereto as if Additional Grantor were an original signatory hereto. Each Grantor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of any other
Grantor hereunder, nor by any election of by the Agents not to cause any Subsidiary of Borrower to become an Additional Grantor hereunder. This Agreement shall be fully effective as to any Grantor that is or becomes a party hereto regardless of
whether any other Person becomes or fails to become or ceases to be a Grantor hereunder. 
 ARTICLE 8 

AGENTS APPOINTED ATTORNEYS-IN-FACT 

Section 8.01. Power of Attorney. Each Grantor hereby irrevocably appoints each Agent (such appointment being coupled with an
interest) as such Grantor’s attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor, such Agent or otherwise, from time to time in such Agent’s discretion to take any action and to
execute any instrument by and in accordance with the Interim Order (and, when applicable, the Final Order) and without further order from the Bankruptcy Court, that the Agents may deem reasonably necessary or advisable to accomplish the purposes of
this Agreement, including, without limitation, the following: 
 (a) upon the occurrence and during the continuance of any Event of Default
and, after notice to the appropriate Grantor, to obtain and adjust insurance required to be maintained by such Grantor or paid to any Agent pursuant to the First Out Credit Agreement; 

(b) upon the occurrence and during the continuance of any Event of Default and, after notice to the appropriate Grantor, to ask for, demand,
collect, sue for, recover, compound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; 

(c) upon the occurrence and during the continuance of any Event of Default and, after notice to the appropriate Grantor, to receive, endorse
and collect any drafts or other Instruments, Documents and Chattel Paper in connection with clause (b) above; 

  
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 (d) upon the occurrence and during the continuance of any Event of Default and, after notice to
the appropriate Grantor, to file any claims or take any action or institute any proceedings that any Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of any Agent with respect to
any of the Collateral; 
 (e) to prepare and file any UCC financing statements against such Grantor as debtor; 

(f) to prepare, sign, and file for recordation in any intellectual property registry, appropriate evidence of the liens and security interests
granted herein in the Intellectual Property in the name of such Grantor as debtor; 
 (g) to take or cause to be taken all actions necessary
to perform or comply or cause performance or compliance with the terms of this Agreement, including, without limitation, access to pay or discharge taxes or Liens (other than Liens permitted by Section 6.03 of the First Out Credit Agreement)
levied or placed upon or threatened against the Collateral, the legality or validity thereof and the amounts necessary to discharge the same to be determined by the relevant Agent(s) in its their discretion, any such payments made by any Agent to
become obligations of such Grantor to such Agent, due and payable immediately without demand; and 
 (h) upon the occurrence and during the
continuance of any Event of Default and after notice to the appropriate Grantor generally to sell, transfer, lease, license, pledge, make any agreement with respect to or otherwise deal with any of its Collateral as fully and completely as though
such Agent were the absolute owner thereof for all purposes, and to do, at such Agent’s option and such Grantor’s expense, at any time or from time to time, all acts and things that such Agent deems reasonably necessary to protect,
preserve or realize upon its Collateral and such Agent’s security interest therein in order to effect the intent of this Agreement, all as fully and effectively as such Grantor might do. 

Section 8.02. No Duty on the Part of Agents or Secured Parties. The powers conferred on the Agents hereunder are solely to protect
the interests of the Secured Parties in the Collateral and shall not impose any duty upon any Agent or any Secured Party to exercise any such powers. The Agents and the Secured Parties shall be accountable only for amounts that they actually receive
as a result of the exercise of such powers, and neither they nor any of their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence or willful
misconduct. 
 ARTICLE 9 

REMEDIES 

Section 9.01. Generally. Subject to Article 10: 

(a) subject to the Orders, if any Event of Default (as defined under the First Out Credit Agreement or, after the Term Termination Date and
Revolving Termination Date (or after the Term Termination Date if the Future ABL Facility has not been consummated), the Second Out Credit Agreement) shall have occurred and be continuing, the applicable Agent may exercise in respect of the
Collateral, in addition to all other rights and remedies provided for herein, in the applicable Credit Agreement or otherwise available to it at law or in equity (including under the Bankruptcy Code) and all the rights and remedies of such Agent on
default under the UCC (whether or not the UCC applies to the affected Collateral) to collect, enforce or satisfy any Obligations then owing, whether by acceleration or otherwise, and also may pursue any of the following separately, successively or
simultaneously: 
 (i) require any Grantor to, and each Grantor hereby agrees that it shall at its expense and promptly upon
request of such Agent forthwith, assemble all or part of the Collateral as directed by such Agent and make it available to such Agent at a place to be designated by such Agent that is reasonably convenient to both parties; 

  
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 (ii) enter onto the property where any Collateral is located and take possession
thereof with or without judicial process; 
 (iii) prior to the disposition of the Collateral, store, process, repair or
recondition the Collateral or otherwise prepare the Collateral for disposition in any manner to the extent such Agent deems appropriate; and 

(iv) Subject to applicable law (including under the Bankruptcy Code or the requirements of any Order of the Bankruptcy Court)
and subject to the proviso to the last paragraph of Section 8.01 of the First Out Credit Agreement and any comparable provision in the Second Out Credit Agreement, without notice except as specified below or under the UCC, sell, assign, lease,
license (on an exclusive or nonexclusive basis) or otherwise dispose of the Collateral or any part thereof in one or more parcels at public or private sale, at any of such Agent’s offices or elsewhere, for cash, on credit or for future
delivery, at such time or times and at such price or prices and upon such other terms as such Agent may deem commercially reasonable; 
 (b)
any Agent or any Secured Party may be the purchaser of any or all of the Collateral at any public or private (to the extent to the portion of the Collateral being privately sold is of a kind that is customarily sold on a recognized market or the
subject of widely distributed standard price quotations) sale in accordance with the UCC and such Agents, as collateral agent for and representative of the applicable Secured Parties, shall be entitled, for the purpose of bidding and making
settlement or payment of the purchase price for all or any portion of the Collateral sold at any such sale made in accordance with the UCC, to use and apply any of the applicable Obligations as a credit on account of the purchase price for any
Collateral payable by such Agent at such sale. Each purchaser at any such sale shall hold the property sold absolutely free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by applicable
law) all rights of redemption, stay and/or appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. Each Grantor agrees that, to the extent notice of sale shall be required
by law, including the Bankruptcy Code or any Order entered in connection with the Cases, at least ten (10) days’ notice to such Grantor of the time and place of any public sale or the time after which any private sale is to be made shall
constitute reasonable notification. The Agents shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. The Agents may adjourn any public or private sale from time to time by announcement at the time and
place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Grantor agrees that it would not be commercially unreasonable for any Agent to dispose of the Collateral or any portion
thereof by using internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capability of doing so, or that match buyers and sellers of assets. Each Grantor hereby waives any claims
against any Agent arising by reason of the fact that the price at which any Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale, even if such Agent accepts the first offer
received and does not offer such Collateral to more than one offeree. If the proceeds of any sale or other disposition of the Collateral are insufficient to pay all the Obligations, Grantors shall be liable for the deficiency and the fees of any
attorneys employed by the Agents to collect such deficiency. Each Grantor further agrees that a breach of any of the covenants contained in this Section will cause irreparable injury to the Agents, that the Agents have no adequate remedy at law in
respect of such breach and, as a consequence, that each and every covenant contained in 

  
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this Section shall be specifically enforceable against such Grantor, and such Grantor hereby waives and agrees not to assert any defenses against an action for specific performance of such
covenants except for a defense that no default has occurred giving rise to the applicable Obligations becoming due and payable prior to their stated maturities. Nothing in this Section shall in any way limit the rights of the Agents hereunder; 

(c) each Agent may sell the Collateral without giving any warranties as to the Collateral. Each Agent may specifically disclaim or modify any
warranties of title or the like. This procedure will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral; and 

(d) each Agent shall have no obligation to marshal any of the Collateral. 

Section 9.02. Application of Proceeds. Subject in all respects to the entirety of Article 10 hereof, and except as
expressly provided elsewhere in this Agreement, all net proceeds received by any Agent in respect of any sale, any collection from, or other realization upon all or any part of the Collateral shall be applied by such Agent against (or transferred to
the appropriate Agent to be applied against) Obligations in the order set forth in Section 10.09. 
 Section 9.03. Sales on
Credit. If any Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by such Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay
for the Collateral, such Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale. 
 Section 9.04.
Investment Related Property. Each Grantor recognizes that, by reason of certain prohibitions contained in the Securities Act and applicable state securities laws, the Agents may be compelled, with respect to any sale of all or any part of the
Investment Related Property conducted without prior registration or qualification of such Investment Related Property under the Securities Act and/or such state securities laws, to limit purchasers to those who will agree, among other things, to
acquire the Investment Related Property for their own account, for investment and not with a view to the distribution or resale thereof. Each Grantor acknowledges that any such private sale may be at prices and on terms less favorable than those
obtainable through a public sale without such restrictions (including a public offering made pursuant to a registration statement under the Securities Act) and, notwithstanding such circumstances, each Grantor agrees that any such private sale shall
be deemed to have been made in a commercially reasonable manner and that the applicable Agent shall have no obligation to engage in public sales and no obligation to delay the sale of any Investment Related Property for the period of time necessary
to permit the issuer thereof to register it for a form of public sale requiring registration under the Securities Act or under applicable state securities laws, even if such issuer would, or should, agree to so register it. If the applicable Agent
determines to exercise its right to sell any or all of the Investment Related Property, upon written request, each Grantor shall and shall cause each issuer of any Pledged Stock to be sold hereunder, each partnership and each limited liability
company from time to time to furnish to such Agent all such information as such Agent may request in order to determine the number and nature of interest, shares or other instruments included in the Investment Related Property which may be sold by
such Agent in exempt transactions under the Securities Act and the rules and regulations of the Securities and Exchange Commission thereunder, as the same are from time to time in effect. 

Section 9.05. Grant of Intellectual Property License. Solely for the purpose of enabling the applicable Agent, solely during the
continuance of an Event of Default, to exercise rights and remedies under Article 8 and Article 9 hereof at such time as such Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Grantor
hereby grants to each Agent, a non-exclusive license (exercisable without payment of royalty or other compensation to such Grantor), subject, in the case of Trademarks, to sufficient quality control provisions and inspection rights in favor of such
Grantor 

  
 33 

 
to avoid the risk of invalidation of said Trademarks, to use, license or sublicense any of the Intellectual Property now owned or hereafter acquired or created by such Grantor, and included in
the Collateral. Such license shall include, to the extent permissible under all applicable licenses, access to all media in which any above-licensed items may be recorded or stored and to all computer programs used for the compilation or printout
hereof. 
 Section 9.06. [Reserved]. 

Section 9.07. Cash Proceeds; Deposit Accounts. (a) In the event that the Loans under the First Out Credit Agreement have been
accelerated, or prior to an acceleration, if an Event of Default shall have occurred and be continuing, in addition to the rights of the Revolving Agent specified in Section 6.05 with respect to payments of Receivables, (i) upon the
request of the Revolving Agent, all proceeds of any Revolving Collateral received by any Grantor consisting of cash, checks and other near-cash items (collectively, “Revolving Cash Proceeds”) shall be held by such Grantor in trust
for the Revolving Agent and (ii) upon the request of the Term Agent, all proceeds of any Term Collateral received by any Grantor consisting of cash, checks and other near-cash items (collectively “Term Cash Proceeds”) shall be
held by such Grantor in trust for the Term Agent, in each case, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the applicable First Out Agent in the exact form received by such
Grantor (duly indorsed by such Grantor to the applicable First Out Agent, if required) and held by the applicable First Out Agent in a Revolving Cash Collateral Account or a Term Cash Collateral Account, as applicable. Any Revolving Cash Proceeds
received by the Revolving Agent or any Term Cash Proceeds received by the Term Agent, in each case (whether from a Grantor or otherwise) may, in the sole discretion of such First Out Agent, (A) be held by such First Out Agent for the ratable
benefit of the applicable Secured Parties, as collateral security for the applicable Obligations (whether matured or unmatured) and/or (B) then or at any time thereafter may be applied by such First Out Agent against the applicable Obligations
then due and owing. 
 (b) If any Event of Default shall have occurred and be continuing, (i) the Revolving Agent may apply the balance
from any Deposit Account (except for the Term Cash Collateral Account, the Term Facility Letter of Credit Account and the Bonding Facility Letter of Credit Account) or instruct the bank at which any such Deposit Account is maintained to pay the
balance of any such Deposit Account to or for the benefit of the Revolving Agent to be applied against the Revolving Obligations then due and owing and (ii) the Term Agent may apply the balance from the Term Cash Collateral Account or instruct
the bank at which any such Term Cash Collateral Account is maintained to pay the balance of such Term Cash Collateral Account to or for the benefit of the Term Agent to be applied Term Obligations then due and owing. 

(c) Notwithstanding anything to the contrary herein or in any other First Out Loan Document or Second Out Loan Document, the Bonding LC Agent
or Bonding LC Issuer may apply Bonding LC Collateral to any Bonding LC Obligations on the terms set forth in the First Out Credit Agreement. 

(d) Notwithstanding anything to the contrary herein or in any other First Out Loan Document or Second Out Loan Document, the Term LC Agent or
Term LC Issuer may apply Term LC Collateral to any Term LC Obligations on the terms set forth in the First Out Credit Agreement. 

  
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 ARTICLE 10 

INTERCREDITOR 

Section 10.01. Turnover. 

(a) In accordance with the Interim Order (and, when applicable, the Final Order), any Revolving Collateral or proceeds thereof received by any
Secured Party including, without limitation, any such Revolving Collateral constituting proceeds, or any payment or distribution, that may be received by any Secured Party (x) in connection with the exercise of any right or remedy (including
any right of setoff) with respect to the Revolving Collateral, (y) from the collection or other disposition of, or realization on, the Revolving Collateral, whether or not pursuant to the Cases or (z) in violation of this Agreement, shall
be segregated and held in trust and promptly paid over, in the same form as received, with any necessary endorsements, to (i) prior to the Revolving Termination Date (unless the Future ABL Facility has not been consummated), the Revolving
Agent, for the benefit of the Revolving Secured Parties to be applied to the Revolving Obligations (unless otherwise required by law or court order), (ii) after the Revolving Termination Date (or prior to the effectiveness of the Future ABL
Facility) but prior to the Term Termination Date, the Term Agent, for the benefit of the Term Secured Parties for application to the Term Obligations (unless otherwise required by law or court order), (iii) after the Revolving Termination Date
(or prior to the effectiveness of the Future ABL Facility) and the Term Termination Date but prior to the Bonding LC Termination Date, the Bonding LC Agent, for the benefit of the Bonding LC Secured Parties for application to the Bonding LC
Obligations (unless otherwise required by law or court order), (iv) after the Revolving Termination Date (or prior to the effectiveness of the Future ABL Facility), the Term Termination Date and the Bonding LC Termination Date but prior to the
Term LC Termination Date, the Term LC Agent, for the benefit of the Term LC Secured Parties for application to the Term LC Obligations (unless otherwise required by law or court order) and (v) after the Revolving Termination Date (or prior to
the effectiveness of the Future ABL Facility), the Term Termination Date, the Bonding LC Termination Date, and the Term LC Termination Date, to the Second Out Agent for the benefit of the Second Out Secured Parties for application to the Second Out
Obligations (unless otherwise required by law or court order). 
 (b) In accordance with the Interim Order (and, when applicable, the Final
Order), any Term Collateral or proceeds thereof received by any Secured Party including, without limitation, any such Term Collateral constituting proceeds, or any payment or distribution, that may be received by any Secured Party (w) in
connection with the exercise of any right or remedy (including any right of setoff) with respect to the Term Collateral, (x) in connection with any insurance policy claim or any condemnation award (or deed in lieu of condemnation),
(y) from the collection or other disposition of, or realization on, the Term Collateral, whether or not pursuant to the Cases or (z) in violation of this Agreement, shall be segregated and held in trust and promptly paid over, in the same
form as received, with any necessary endorsements, to (i) prior to the Term Termination Date, the Term Agent, for the benefit of the Term Secured Parties for application to the Term Obligations (unless otherwise required by law or court order),
(ii) after the Term Termination Date but before the Revolving Termination Date (unless the Future ABL Facility has not been consummated), the Revolving Agent for the benefit of the Revolving Secured Parties for application to the Revolving
Obligations (unless otherwise required by law or court order), (iii) after the Term Termination Date and Revolving Termination Date (or prior to the effectiveness of the Future ABL Facility) but before the Term LC Termination Date, the Term LC
Agent for the benefit of the Term LC Secured Parties for application to the Term LC Obligations (unless otherwise required by law or court order), (iv) after the Term Termination Date, Term LC Termination Date and Revolving Termination Date (or
prior to the effectiveness of the Future ABL Facility) but before the Bonding LC Termination Date, the Bonding LC Agent for the benefit of the Bonding LC Secured Parties for application to the Bonding LC Obligations (unless otherwise required by law
or court order) and (v) after the Revolving Termination Date (or prior to the effectiveness of the Future ABL Facility), Term Termination Date, Term LC Termination Date and Bonding LC Termination Date, the Second Out Agent for the benefit of
the Second Out Secured Parties for application to the Second Out Obligations (unless otherwise required by law or court order). 

  
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 (c) Notwithstanding the foregoing, the Secured Parties shall, with respect to any Term LC
Collateral or Bonding LC Collateral (and Proceeds therefrom), until the Term LC Termination Date or Bonding LC Termination Date, respectively, cause such Collateral to be turned over to the Term LC Agent or Bonding LC Agent, respectively, as if the
Term LC Agent were substituted for the Term Agent and the Bonding LC Agent were substituted for the Revolving Agent in the foregoing clauses (a) and (b). 

(d) Each Agent shall retain and apply such amounts received pursuant to this Article 10 in accordance with this Agreement, the First
Out Loan Documents or Second Out Loan Documents, as applicable, and without any further order of the Bankruptcy Court 
 Section 10.02.
Similar Liens and Agreements; Agreement to Cooperate.  
 (a) The Agents agree that it is their intention that the Collateral
granted in favor of the Term Secured Parties, the Revolving Secured Parties, the Bonding LC Secured Parties, the Term LC Secured Parties and the Second Out Secured Parties be identical (but not the Liens or the relative priorities). In furtherance
of the foregoing, the Agents agree, subject to the other provisions of the Orders and this Agreement, to: 
 (i) perform all acts required
under the First Out Loan Documents, Second Out Loan Documents, this Agreement and the Orders; 
 (ii) upon the request of any First Out
Agent, the Second Out Agent shall execute and deliver such instruments to enable the Term Agent or Revolving Agent to further perfect, preserve, and enforce the Liens held by or on behalf of any of the Term Secured Parties or Revolving Secured
Parties in the Collateral and the Term Secured Obligations or Revolving Secured Obligations of all Grantors; and 
 (iii) upon request by any
First Out Agent, to cooperate in good faith (and to direct their counsel to cooperate in good faith) from time to time in order to determine the specific items included in the Revolving Collateral and Term Collateral and the identity of the
respective parties obligated under the First Out Loan Documents and the Second Out Loan Documents. 
 (b) The parties hereto agree that no
additional Liens shall be granted or permitted on any asset of any Grantor to secure any Term Obligation, Revolving Obligation, Bonding LC Obligation, Term LC Obligation or Second Out Obligation unless, subject to the terms of this Agreement,
immediately after giving effect to such grant or concurrently therewith, a Lien with the priority set forth herein and in the Orders shall be granted on such asset to secure the Term Obligations (unless the Term Termination Date shall have
occurred), Revolving Obligations (unless the Revolving Termination Date shall have occurred or the Future ABL Facility shall not have been consummated), Bonding LC Obligations (unless the Bonding LC Termination Date shall have occurred), and Second
Out Obligations (unless the Second Out Termination Date shall have occurred or the Second Out Credit Agreement shall not have been consummated), as applicable. To the extent that the foregoing provisions are not complied with for any reason, without
limiting any other rights and remedies available to the Term Secured Parties, Revolving Secured Parties, Term LC Secured Parties and Bonding LC Secured Parties, the Second Out Agent, on behalf of the Second Out Secured Parties, agrees that any
amounts received by or distributed to any of them pursuant to or as a result of Liens granted in contravention of this Section 10.02(b) shall be subject to the terms of this Agreement. 

Section 10.03. Bailee for Perfection. (a) Each Agent agrees to hold that part of the Collateral that is in its possession or
control (or in the possession or control of its agents or bailees), to the extent that possession or control thereof is taken to perfect, or perfects, a Lien thereon under the UCC or other 

  
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applicable law, as agent and bailee for the other Agents (such bailment being intended, among other things, to satisfy the requirements of Sections 8-301(a)(2) and 9-313(c) of the UCC) and an
assignee solely for the purpose of perfecting the security interest granted under the First Out Loan Documents or the Second Out Loan Documents, as applicable, subject to the terms and conditions of this Section 10.03. 

(b) [Reserved]. 
 (c)
[Reserved]. 
 (d) No Agent shall have any obligation whatsoever to any Secured Party to ensure that any Collateral held by it as bailee
pursuant to this Section 10.03 is genuine or owned by any Loan Party or to preserve any rights or benefits of any Person except as expressly set forth in this Section 10.03. The duties or responsibilities of the Agents under
this Section 10.03 shall be limited solely to holding the Collateral as bailee in accordance with this Section 10.03. 

(e) Each Agent acting pursuant to this Section 10.03 or otherwise shall not have by reason of the First Out Loan Documents, the
Second Out Loan Documents or any other document a fiduciary relationship in respect of any Secured Party. 
 Section 10.04. Exercise
of Remedies.  
 (a) Subject to the terms and conditions of this Agreement and the Orders, in accordance with the Orders: 

(i) the Term Agent (on behalf of itself and the other Term Secured Parties) is authorized to exercise any and all of its rights
and remedies in accordance with the terms of the First Out Loan Documents and, with respect to the Collateral and to take all actions required or permitted by the First Out Loan Documents without any further Bankruptcy Court action; 

(ii) the Revolving Agent (on behalf of itself and the other Revolving Secured Parties) is authorized to exercise any and all of
its rights and remedies in accordance with the terms of the First Out Loan Documents and, with respect to the Collateral and to take all actions required or permitted by the First Out Loan Documents without any further Bankruptcy Court action; 

(iii) the Bonding LC Agent (on behalf of itself and the other Bonding LC Secured Parties) is authorized to exercise any and all
of its rights and remedies in accordance with the terms of the First Out Loan Documents and, with respect to the Collateral and to take all actions required or permitted by the First Out Loan Documents without any further Bankruptcy Court action;

 (iv) the Term LC Agent (on behalf of itself and the other Term LC Secured Parties) is authorized to exercise any and all
of its rights and remedies in accordance with the terms of the First Out Loan Documents and, with respect to the Collateral, to take all actions required or permitted by the First Out Loan Documents without any further Bankruptcy Court action; and

 (v) the Second Out Agent (on behalf of itself and the other Second Out Secured Parties) is authorized to exercise any and
all of its rights and remedies in accordance with the terms of the Second Out Loan Documents and, with respect to the Collateral and to take all actions required or permitted by the Second Out Loan Documents without any further Bankruptcy Court
action. 

  
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 (b) The Second Out Agent hereby acknowledges and agrees that no covenant, agreement or
restriction contained in any Second Out Loan Document (other than this Agreement) shall be deemed to restrict in any way the rights and remedies of the Term Agent, the Revolving Agent, the Term LC Agent, the Bonding LC Agent, the Term Secured
Parties, the Revolving Secured Parties, the Term LC Secured Parties or the Bonding LC Secured Parties with respect to the Collateral as set forth in this Agreement, the Orders and the First Out Loan Documents. 

(c) (i) Subject to the immediately succeeding clause (ii) below and the other terms and conditions of this Agreement and the
Orders, 
 (A) Subject to clause (C) and clause (D) below, until the Term Termination Date, the Term
Agent shall have the exclusive right to manage, perform and enforce any Default Remedy with respect to the Term Collateral according to its sole discretion and the exercise of its sole business judgment, including the exclusive right to take or
retake control or possession of the Term Collateral and to hold, prepare for sale, process, dispose of, or liquidate the Term Collateral and to incur expenses in connection with such disposition and to exercise all the rights and remedies of a
secured lender under the UCC of any applicable jurisdiction. In conducting any public or private sale under the UCC pursuant to this clause (A), the Term Agent shall give the other Agents such notice of such sale as may be required by the
applicable UCC; provided, however, that 10 days’ notice shall be deemed to be commercially reasonable notice. Notwithstanding any rights or remedies available to the other Secured Parties under any of the First Out Loan Documents,
Second Out Loan Documents, applicable law or otherwise, until the Term Termination Date, no Secured Party other than the Term Agent shall (except as provided in the immediately succeeding clause (ii)), directly or indirectly, exercise any
Default Remedy with respect to any Term Collateral without the consent of the Term Agent. After the Term Termination Date, the rights set forth in this clause (A) shall pass to the other Agents in the manner provided in the definition of
“Term Agent”. 
 (B) Subject to clause (C) and clause (D) below, until the Revolving
Termination Date, the Revolving Agent shall have the exclusive right to manage, perform and enforce any Default Remedy with respect to the Revolving Collateral according to its sole discretion and the exercise of its sole business judgment,
including the exclusive right to take or retake control or possession of the Revolving Collateral and to hold, prepare for sale, process, dispose of, or liquidate the Revolving Collateral and to incur expenses in connection with such disposition and
to exercise all the rights and remedies of a secured lender under the UCC of any applicable jurisdiction. In conducting any public or private sale under the UCC pursuant to this clause (B), the Revolving Agent shall give the other Agents
such notice of such sale as may be required by the applicable UCC; provided, however, that 10 days’ notice shall be deemed to be commercially reasonable notice. Notwithstanding any rights or remedies available to the other Secured
Parties under any of the First Out Loan Documents, Second Out Loan Documents, applicable law or otherwise, until the Revolving Termination Date, no Secured Party other than the Revolving Agent shall (except as provided in the immediately succeeding
clause (ii)), directly or indirectly, exercise any Default Remedy with respect to any Revolving Collateral without the consent of the Revolving Agent. After the Revolving Termination Date (or if the Revolving Facility Effective Date has not
occured), the rights set forth in this clause (B) shall pass to the other Agents in the manner provided in the definition of “Revolving Agent”. 

  
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 (C) Until the Bonding LC Termination Date, the Bonding LC Agent shall have the
exclusive right to manage, perform and enforce any Default Remedy with respect to the Bonding LC Collateral according to its sole discretion and the exercise of its sole business judgment, including the exclusive right to take or retake control or
possession of such Bonding LC Collateral and to apply the Bonding LC Collateral against the Bonding LC Obligations and to hold, prepare for sale, process, dispose of, or liquidate the Bonding LC Collateral and to incur expenses in connection with
such disposition and to exercise all the rights and remedies of a secured lender under the UCC of any applicable jurisdiction. In conducting any public or private sale under the UCC pursuant to this clause (C), the Bonding LC Agent shall give
the other Agents such notice of such sale as may be required by the applicable UCC; provided, however, that 10 days’ notice shall be deemed to be commercially reasonable notice. Notwithstanding any rights or remedies available to
the other Secured Parties under any of the First Out Loan Documents, Second Out Loan Documents, applicable law or otherwise, until the Bonding LC Termination Date, no Secured Party other than the Bonding LC Agent shall, directly or indirectly,
exercise any Default Remedy with respect to any Bonding LC Collateral without the consent of the Bonding LC Agent. After the Bonding LC Termination Date, the rights set forth in this clause (C) shall pass to the other Agents in the
manner provided in the definition of “Bonding LC Agent”. 
 (D) Until the Term LC Termination Date, the Term LC
Agent shall have the exclusive right to manage, perform and enforce any Default Remedy with respect to the Term LC Collateral according to its sole discretion and the exercise of its sole business judgment, including the exclusive right to take or
retake control or possession of such Term LC Collateral and to apply the Term LC Collateral against the Term LC Obligations and to hold, prepare for sale, process, dispose of, or liquidate the Term LC Collateral and to incur expenses in connection
with such disposition and to exercise all the rights and remedies of a secured lender under the UCC of any applicable jurisdiction. In conducting any public or private sale under the UCC pursuant to this clause (D), the Term LC Agent shall
give the other Agents such notice of such sale as may be required by the applicable UCC; provided, however, that 10 days’ notice shall be deemed to be commercially reasonable notice. Notwithstanding any rights or remedies
available to the other Secured Parties under any of the First Out Loan Documents, Second Out Loan Documents, applicable law or otherwise, until the Term LC Termination Date, no Secured Party other than the Term LC Agent shall, directly or
indirectly, exercise any Default Remedy with respect to any Term LC Collateral without the consent of the Term LC Agent. After the Term LC Termination Date, the rights set forth in this clause (D) shall pass to the other Agents in
the manner provided in the definition of “Term LC Agent”. 
 (ii) Notwithstanding the preceding clause (i),
until the Second Out Termination Date, the Second Out Agent may exercise Default Remedies with respect to the Revolving Collateral and Term Collateral according to its sole discretion and the exercise of its sole business judgment, including the
exclusive right to take or retake control or possession of such Collateral and to hold, prepare for sale, process, dispose of, or liquidate such Collateral and to incur expenses in connection with such disposition and to exercise all the rights and
remedies of a secured lender under the UCC of any applicable jurisdiction if: 
 (A) 120 days have elapsed since Second Out
Agent notified Term Agent (in the case of the Term Collateral) and the Revolving Agent (in the case of the Revolving Collateral) that the Second Out Obligations were due in full as a result of acceleration or otherwise (the “Standstill
Period”); 

  
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 (B) (1) with respect to the Term Collateral, neither the Term Agent nor, if
permitted hereby, the Revolving Agent is then diligently pursuing Default Remedies with respect to all or a material portion of the Term Collateral or diligently attempting to vacate any stay or prohibition against such exercise; or 

(2) with respect to the Revolving Collateral, neither the Revolving Agent nor, if permitted hereby, the Term Agent is then
diligently pursuing Default Remedies with respect to all or a material portion of the Revolving Collateral or diligently attempting to vacate any stay or prohibition against such exercise; and 

(C) any acceleration of the Second Out Obligations has not been rescinded. 

In conducting any public or private sale under the UCC pursuant to this clause (ii), the Second Out Agent shall give the Term Agent
and/or Revolving Agent such notice of such sale as may be required by the applicable UCC; provided, however, that 10 days’ notice shall be deemed to be commercially reasonable notice. 

Notwithstanding anything in this Section 10.04 or anything to the contrary in any other Loan Document, even after any Standstill Period, the
Second Out Agent may not exercise any Default Remedy or take any other action (i) with respect to the Bonding LC Collateral until the Bonding LC Termination Date or (ii) with respect to the Term LC Collateral until the Term LC Termination
Date. 
 Section 10.05. Amendments of Loan Documents.  

(a) Amendments of Loan Documents. The Term Secured Parties, Revolving Secured Parties, Term LC Secured Parties and Bonding LC Secured
Parties may at any time and from time to time and without consent of, or notice to, any other Secured Party, without incurring liability to any other Secured Party, and without impairing or releasing any rights or obligations hereunder or otherwise,
amend, restate, supplement, modify, substitute, renew or replace any or all of the First Out Loan Documents in the manner set forth in the First Out Credit Agreement. The Second Out Secured Parties may at any time and from time to time and without
consent of, or notice to, any other Secured Party, without incurring liability to any other Secured Party, and without impairing or releasing any rights or obligations hereunder or otherwise, amend, restate, supplement, modify, substitute, renew or
replace any or all of the Second Out Loan Documents; provided, however, that, without the consent of, until the Term Termination Date, the Term Agent, and, (if the Revolving Facility Effective Date has occurred) until the Revolving
Termination Date, the Revolving Agent, no Second Out Secured Party shall enter into any amendment, restatement, supplement, modification, substitution, renewal or replacement of any or all of the Second Out Loan Documents (other than this Agreement,
which is governed by clause (b), below) that: 
 (i) increases the aggregate principal amount of the Second Out
Obligations beyond the amount theretofore permitted under the First Out Credit Agreement, other than as a result of the capitalization of accrued interest, fees and expenses; 

(ii) increases the interest rates or letter of credit fees under the Second Out Obligations; 

  
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 (iii) modifies covenants, defaults, or events of default except for modifications
to match changes made for the Term Obligations and Revolving Obligations; 
 (iv) accelerates any date upon which any
scheduled payment of principal or interest is due, or otherwise decreases the weighted average life to maturity; 
 (v)
changes a prepayment, redemption, or defeasance provision so as to require a new payment or accelerate an existing payment obligation; 

(vi) changes a term that would result in a Default under the First Out Credit Agreement; 

(vii) increases the Obligations thereunder of a Grantor; or 

(viii) confers additional rights on any Second Out Secured Party in a manner materially adverse to a Term Secured Party or
Revolving Secured Party. 
 (b) Automatic Amendments of Second Out Loan Documents. In the event that any representation, covenant,
event of default or other provision under the First Out Loan Documents is amended, restated, supplemented, waived, consented to, or otherwise modified and there is a corresponding representation, covenant, event of default or other provision in the
Second Out Loan Documents, such corresponding representation, covenant, event of default or other provision under the Second Out Loan Documents shall be, without any further action by any Second Out Secured Party, automatically amended, restated,
supplemented, waived, consented to, or otherwise modified in a corresponding manner (in the manner and to the extent set forth in the Second Out Loan Documents (as in effect on the date of effectiveness thereof), including pursuant to cross
references therein to the First Out Loan Documents). 
 Section 10.06. Automatic Release of Liens Securing Junior Obligations.
 
 (a) If, in connection with the enforcement or exercise of any Default Remedies with respect to the Collateral, including any
disposition of Collateral, the Liens of the First Out Agents, Term LC Agent and Bonding LC Agent (in each case, for the benefit of the applicable Secured Parties) shall be released (other than Liens released pursuant to a Payment in Full of the Term
Obligations, Revolving Obligations, Term LC Obligations and Bonding LC Obligations), then the Liens securing the Second Out Obligations on such Collateral (but not in any proceeds thereof), shall be automatically, unconditionally and simultaneously
released, and the Second Out Agent shall, for itself and on behalf of the Second Out Secured Parties, promptly execute and deliver to the applicable Agent (or to another Person upon the instruction of such applicable Agent), such termination
statements, releases and other documents as such Agent may reasonably request to effectively confirm such release. 
 (b) The Second Out
Agent, on behalf of each Second Out Secured Party, hereby irrevocably constitutes and appoints each First Out Agent and any officer of a First Out Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable
power and authority in the place and stead of such Second Out Agent and in the name of such Second Out Agent or in the First Out Agent’s own name, from time to time in either First Out Agent’s discretion, for the purpose of carrying out
the terms of this Section 10.06, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purpose of this Section 10.06, such power of
attorney being coupled with an interest and irrevocable until the Term Termination Date and (after the effectiveness of the Future ABL Facility) the Revolving Termination Date. 

  
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 Section 10.07. No Additional Rights for the Grantors Hereunder. If any Secured Party
shall enforce its rights or remedies in violation of the terms of this Agreement, no Grantor shall be entitled to use such violation as a defense to any action by any Secured Party, nor to assert such violation as a counterclaim or basis for set off
or recoupment against such Secured Party. Except to the extent expressly set forth in this Agreement, each Grantor shall retain all of its rights and remedies under the Loan Documents and any defense otherwise available to it in any action by any
Secured Party. 
 Section 10.08. Actions Upon Breach. 

(a) If any Second Out Secured Party (or any agent or other representative thereof) commences or participates in any action or proceeding with
respect to the Collateral in violation of this Agreement, any Revolving Secured Party, with respect to Revolving Collateral, Term Secured Party, with respect to Term Collateral, Term LC Secured Party, with respect to the Term LC Collateral and
Bonding LC Secured Party, with respect to the Bonding LC Collateral, may intervene and interpose as a defense or dilatory plea, in its name or in the name of one or more of the Grantors, the making of this Agreement. 

(b) If any Term Secured Party (or any agent or other representative thereof) commences or participates in any action or proceeding with
respect to the Revolving Collateral in violation of this Agreement, any Revolving Secured Party may intervene and interpose as a defense or dilatory plea, in its name or in the name of one or more of the Grantors, the making of this Agreement. 

(c) If any Revolving Secured Party (or any agent or other representative thereof) commences or participates in any action or proceeding with
respect to the Term Collateral in violation of this Agreement, any Term Secured Party may intervene and interpose as a defense or dilatory plea, in its name or in the name of one or more of the Grantors, the making of this Agreement. 

(d) If any Secured Party (or any agent or other representative thereof) other than a Bonding LC Secured Party commences or participates in any
action or proceeding with respect to the Bonding LC Collateral in violation of this Agreement, any Bonding LC Secured Party may intervene and interpose as a defense or dilatory plea, in its name or in the name of one or more of the Grantors, the
making of this Agreement. 
 (e) If any Secured Party (or any agent or other representative thereof) other than a Term LC Secured Party
commences or participates in any action or proceeding with respect to the Term LC Collateral in violation of this Agreement, any Term LC Secured Party may intervene and interpose as a defense or dilatory plea, in its name or in the name of one or
more of the Grantors, the making of this Agreement. 
 (f) Should any Second Out Secured Party (or any agent or other representative
thereof) in any way take, attempt to or threaten to take any action with respect to the Collateral (including any attempt to enforce any remedy on the Collateral) in violation of this Agreement, or fail to take any action required by this Agreement,
any Revolving Secured Party, with respect to Revolving Collateral, Term Secured Party, with respect to Term Collateral, Term LC Secured Party, with respect to the Term LC Collateral or Bonding LC Secured Party, with respect to the Bonding LC
Collateral (in its or their own name or in the name of one or more of the Grantors) may obtain relief against such Second Out Secured Party or agent or other representative thereof, by injunction, specific performance and/or other appropriate
equitable relief. 

  
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 (g) Should any Term Secured Party (or any agent or other representative thereof) in any way take,
attempt to or threaten to take any action with respect to the Revolving Collateral (including any attempt to enforce any remedy on the Revolving Collateral) in violation of this Agreement, or fail to take any action required by this Agreement, any
Revolving Secured Party (in its or their own name or in the name of one or more of the Grantors) may obtain relief against such Term Secured Party or agent or other representative thereof, by injunction, specific performance and/or other appropriate
equitable relief. 
 (h) Should any Revolving Secured Party (or any agent or other representative thereof) in any way take, attempt to or
threaten to take any action with respect to the Term Collateral (including any attempt to enforce any remedy on the Term Collateral) in violation of this Agreement, or fail to take any action required by this Agreement, any Term Secured Party (in
its or their own name or in the name of one or more of the Grantors) may obtain relief against such Revolving Secured Party or agent or other representative thereof, by injunction, specific performance and/or other appropriate equitable relief. 

Section 10.09. Application of Proceeds of Collateral. All proceeds received by the Agents in respect of any exercise of Default
Remedies with respect to all or any part of the Collateral shall promptly be applied to the Obligations in accordance with the following order of priority: 

(a) With respect to all proceeds of the Revolving Collateral: 

(A) Solely with respect to any Bonding LC Collateral or the proceeds thereof: 

(1) first: if the Bonding LC Termination Date has not occurred, to the Bonding LC Agent, to be applied to the expenses
of such sale or other realization of Bonding LC Collateral, including reasonable compensation to agents of and counsel for the Bonding LC Agent, and all expenses, liabilities and advances incurred or made by the Bonding LC Agent in connection
therewith; 
 (2) second: if the Bonding LC Termination Date has not occurred, to the Bonding LC Agent to be applied
to the repayment of or held as cash collateral for Bonding LC Obligations whether or not then due and payable (including without limitation amounts required to Cash Collateralize undrawn (or to pay any unreimbursed drawings under) Letters of Credit
constituting Bonding LC Obligations under the First Out Credit Agreement and other contingent obligations then outstanding that are Bonding LC Obligations, if any, in accordance with the terms of the First Out Credit Agreement) until the Bonding LC
Termination Date; 
 (3) thereafter: in accordance with and in the order provided by clauses (B) through
(L) below; 
 otherwise, with respect to all proceeds of Revolving Collateral that is not Bonding LC Collateral: 

(B) first: if the Revolving Termination Date has not occurred (and the Future ABL Facility has become effective), to the
Revolving Agent, to be applied to the expenses of such sale or other realization of Revolving Collateral, including reasonable compensation to agents of and counsel for the Revolving Agent, and all expenses, liabilities and advances incurred or made
by the Revolving Agent in connection therewith; 

  
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 (C) second: if the Revolving Termination Date has not occurred (and the
Future ABL Facility has become effective), to the Revolving Agent to be applied to the repayment of Revolving Obligations then outstanding whether or not then due and payable (including without limitation amounts required to Cash Collateralize
undrawn R/C Letters of Credit (as defined in the First Out Credit Agreement) constituting Revolving Obligations under the First Out Credit Agreement and other contingent obligations then outstanding that are Revolving Obligations, if any, in
accordance with the terms of the First Out Credit Agreement) until the Revolving Obligations are Paid in Full; 
 (D)
third: if the Term Termination Date has not occurred, to the Term Agent, to be applied to the expenses of such sale or other realization of Revolving Collateral, including reasonable compensation to agents of and counsel for the Term Agent,
and all expenses, liabilities and advances incurred or made by the Term Agent in connection therewith; 
 (E) fourth:
if the Term Termination Date has not occurred, to the Term Agent to be applied to the repayment of the Term Obligations then outstanding whether or not then due and payable (including without limitation amounts required to Cash Collateralize
contingent obligations then outstanding that are Term Obligations, in accordance with the terms of the First Out Credit Agreement) until the Term Obligations are Paid in Full; 

(F) fifth: if the Bonding LC Termination Date has not occurred, to the Bonding LC Agent, to be applied to the expenses
of such sale or other realization of Revolving Collateral, including reasonable compensation to agents of and counsel for the Bonding LC Agent, and all expenses, liabilities and advances incurred or made by the Bonding LC Agent in connection
therewith; 
 (G) sixth: if the Bonding LC Termination Date has not occurred, to the Bonding LC Agent to be applied to
the repayment of Bonding LC Obligations then outstanding whether or not then due and payable (including without limitation amounts required to Cash Collateralize undrawn Letters of Credit constituting Bonding LC Obligations under the First Out
Credit Agreement and other contingent obligations then outstanding that are Bonding LC Obligations, if any, in accordance with the terms of the First Out Credit Agreement) until the Bonding LC Obligations are Paid in Full; 

(H) seventh: if the Term LC Termination Date has not occurred, to the Term LC Agent, to be applied to the expenses of
such sale or other realization of Revolving Collateral, including reasonable compensation to agents of and counsel for the Term LC Agent, and all expenses, liabilities and advances incurred or made by the Term LC Agent in connection therewith; 

(I) eighth: if the Term LC Termination Date has not occurred, to the Term LC Agent to be applied to the repayment of
Term LC Obligations then outstanding whether or not then due and payable (including without limitation amounts required to Cash Collateralize undrawn Letters of Credit constituting Term LC Obligations under the First Out Credit Agreement and other
contingent obligations then outstanding that are Term LC Obligations, if any, in accordance with the terms of the First Out Credit Agreement) until the Term LC Obligations are Paid in Full 

  
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 (J) ninth: if the Second Out Termination Date has not occurred (and the
Second Out Credit Agreement has become effective), to the Second Out Agent, to be applied to the expenses of such sale or other realization of Revolving Collateral, including reasonable compensation to agents of and counsel for the Second Out Agent,
and all expenses, liabilities and advances incurred or made by the Second Out Agent in connection therewith; 
 (K)
tenth: if the Second Out Termination Date has not occurred (and the Second Out Credit Agreement has become effective), to the Second Out Agent to be applied to the repayment of Second Out Obligations then outstanding whether or not then due
and payable (including without limitation amounts required to Cash Collateralize undrawn Letters of Credit under the Second Out Credit Agreement and other contingent obligations then outstanding that are Second Out Obligations, if any, in accordance
with the terms of the Second Out Credit Agreement) until the Second Out Obligations are Paid in Full; and 
 (L)
eleventh: any surplus then remaining shall be paid to the applicable Grantor or its successors or assigns or to whomsoever may be lawfully entitled to receive the same. 

(b) with respect to all proceeds of the Term Collateral: 

(A) Solely with respect to any Term LC Collateral or the proceeds thereof: 

(1) first: if the Term LC Termination Date has not occurred, to the Term LC Agent, to be applied to the expenses of
such sale or other realization of Term LC Collateral, including reasonable compensation to agents of and counsel for the Term LC Agent, and all expenses, liabilities and advances incurred or made by the Term LC Agent in connection therewith; 

(2) second: if the Term LC Termination Date has not occurred, to the Term LC Agent to be applied to the repayment of or
held as cash collateral for Term LC Obligations whether or not then due and payable (including without limitation amounts required to Cash Collateralize undrawn (or to pay any unreimbursed drawings under) Letters of Credit constituting Term LC
Obligations under the First Out Credit Agreement and other contingent obligations then outstanding that are Term LC Obligations, if any, in accordance with the terms of the First Out Credit Agreement) until the Term LC Termination Date; 

(3) thereafter: in accordance with and in the order provided by clauses (B) through (L) below;

 otherwise, with respect to all proceeds of Term Collateral that is not Term LC Collateral: 

(B) first: if the Term Termination Date has not occurred, to the Term Agent, to be applied to the expenses of such sale
or other realization of Term Collateral, including reasonable compensation to agents of and counsel for the Term Agent, and all expenses, liabilities and advances incurred or made by the Term Agent in connection therewith; 

  
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 (C) second: if the Term Termination Date has not occurred, to the Term
Agent to be applied to the repayment of Term Obligations then outstanding whether or not then due and payable (including without limitation amounts required to Cash Collateralize contingent obligations then outstanding that are Term Obligations, if
any, in accordance with the terms of the First Out Credit Agreement) until the Term Obligations are Paid in Full; 
 (D)
third: if the Revolving Termination Date has not occurred (and the Future ABL Facility has become effective), to the Revolving Agent, to be applied to the expenses of such sale or other realization of Term Collateral, including reasonable
compensation to agents of and counsel for the Revolving Agent, and all expenses, liabilities and advances incurred or made by the Revolving Agent in connection therewith 

(E) fourth: if the Revolving Termination Date has not occurred (and the Future ABL Facility has become effective), to
the Revolving Agent to be applied to the repayment of Revolving Obligations then outstanding whether or not then due and payable (including without limitation amounts required to Cash Collateralize undrawn R/C Letters of Credit (as defined in the
First Out Credit Agreement) constituting Revolving Obligations under the First Out Credit Agreement and other contingent obligations then outstanding that are Revolving Obligations, if any, in accordance with the terms of the First Out Credit
Agreement) until the Revolving Obligations are Paid in Full; 
 (F) fifth: if the Term LC Termination Date has not
occurred, to the Term LC Agent, to be applied to the expenses of such sale or other realization of Term Collateral, including reasonable compensation to agents of and counsel for the Term LC Agent, and all expenses, liabilities and advances incurred
or made by the Term LC Agent in connection therewith; 
 (G) sixth: if the Term LC Termination Date has not occurred,
to the Term LC Agent to be applied to the repayment of Term LC Obligations then outstanding whether or not then due and payable (including without limitation amounts required to Cash Collateralize undrawn Letters of Credit constituting Term LC
Obligations under the First Out Credit Agreement and other contingent obligations then outstanding that are Term LC Obligations, if any, in accordance with the terms of the First Out Credit Agreement) until the Term LC Obligations are Paid in Full

 (H) seventh: if the Bonding LC Termination Date has not occurred, to the Bonding LC Agent, to be applied to the
expenses of such sale or other realization of Term Collateral, including reasonable compensation to agents of and counsel for the Bonding LC Agent, and all expenses, liabilities and advances incurred or made by the Bonding LC Agent in connection
therewith; 
 (I) eighth: if the Bonding LC Termination Date has not occurred, to the Bonding LC Agent to be applied
to the repayment of Bonding LC Obligations then outstanding whether or not then due and payable (including without limitation amounts required to Cash Collateralize undrawn Letters of Credit constituting Bonding LC Obligations under the First Out
Credit Agreement and other contingent obligations then outstanding that are Bonding LC Obligations, if any, in accordance with the terms of the First Out Credit Agreement) until the Bonding LC Obligations are Paid in Full; 

  
 46 

 (J) ninth: if the Second Out Termination Date has not occurred (and the
Second Out Credit Agreement has become effective), to the Second Out Agent, to be applied to the expenses of such sale or other realization of Term Collateral, including reasonable compensation to agents of and counsel for the Second Out Agent, and
all expenses, liabilities and advances incurred or made by the Second Out Agent in connection therewith; 
 (K) tenth:
if the Second Out Termination Date has not occurred (and the Second Out Credit Agreement has become effective), to the Second Out Agent to be applied to the repayment of Second Out Obligations then outstanding whether or not then due and payable
(including without limitation amounts required to Cash Collateralize undrawn Letters of Credit under the Second Out Credit Agreement and other contingent obligations then outstanding that are Second Out Obligations, if any, in accordance with the
terms of the Second Out Credit Agreement) until the Second Out Obligations are Paid in Full; and 
 (L) eleventh: any
surplus then remaining shall be paid to the applicable Grantor or its successors or assigns or to whomsoever may be lawfully entitled to receive the same. 

Section 10.10. Payments. Prior to the Term Termination Date, Revolving Termination Date, Term LC Termination Date and Bonding LC
Termination Date, except for Permitted Second Out Obligation Payments, no payment or distribution of any kind shall be made by or on behalf of any Grantor in respect of the Second Out Obligations and no Second Out Secured Party shall receive any
such payment or distribution. Any payments or distributions of any kind received by any Second Out Secured Party in violation of the preceding sentence shall be segregated and held in trust and promptly paid over, in the same form as received, with
any necessary endorsements, to the applicable First Out Agent, for the benefit of the Secured Parties and to be applied in accordance with Section 10.09 (unless otherwise required by applicable law or court order). 

Section 10.11. Effect of Refinancing. If the Payment in Full of the Term Obligations or Revolving Obligations is being effected
through a Refinancing; provided that (i) the applicable First Out Agent gives a notice of such Refinancing to the other First Out Agent and the Second Out Agent at least 5 Business Days prior to such Refinancing and (ii) the
incurrence of such Refinancing is permitted under the terms of the First Out Credit Agreement, then (A) such Payment in Full of Term Obligations or Revolving Obligations, as applicable, shall be deemed not to have occurred for all
purposes of this Agreement, (B) the indebtedness under such Refinancing and all other obligations under the credit documents evidencing such indebtedness (the “New Term Obligations” or “New Revolving
Obligations”, as applicable) shall be treated as Term Obligations or Revolving Obligations, as applicable, for all purposes of this Agreement, (C) the documents governing such New Term Obligations (the “New Term Loan
Documents”) and/or the documents governing such New Revolving Obligations (the “New Revolving Loan Documents”) shall be treated as First Out Loan Documents, under this Agreement and (D) the agent under the New First
Term Documents (the “New Term Agent”) or the New Revolving Loan Documents (the “New Revolving Agent”) shall be deemed to be the Term Agent or Revolving Agent, as applicable, for all purposes of this Agreement. Upon
receipt of a notice of Refinancing under the preceding sentence, which notice shall include the identity of the New Term Agent or New Revolving Agent, the Second Out Agent shall promptly enter into such documents and agreements (including amendments
or supplements to this Agreement) as the New Term Agent and New Revolving Agent may reasonably request in order to provide to the New First Out Agent the rights and powers set forth herein. Additionally, if the Revolving Obligations and Term
Obligations are not so refinanced at the same time, and the initial First Out Loan Documents accordingly remain outstanding, the New Term Agent and New 

  
 47 

 
Revolving Agent, as applicable, shall promptly enter into such documents and agreements (including amendments or supplements to this Agreement) as the old Term Agent or old Revolving Agent, as
applicable, may reasonably request in order to provide or maintain substantially the powers, restrictions and Lien priorities set forth herein. Notwithstanding the foregoing, this Section 10.11 shall not apply if all then-existing
Obligations of all Secured Parties are substantially simultaneously Refinanced or Paid in Full, in which case the parties to such refinancings shall enter into new intercreditor arrangements, if any, acceptable to them at such time. 

ARTICLE 11 

AMENDMENTS TO AGREEMENT 

Section 11.01. Amendments of Pledge, Security and Intercreditor Agreement. This Agreement may be amended, supplemented, amended
and restated, otherwise modified, waived, discharged or terminated only with the written consent of (A) the Term LC Agent, the Bonding LC Agent and each First Out Agent party hereto at such time (for the avoidance of doubt, with the Term Agent
and Revolving Agent acting with such consents as are required by Section 11.08 of the First Out Credit Agreement, the Bonding LC Agent acting as directed by the Bonding LC Issuer and the Term LC Agent acting as directed by the Term LC Issuer)
and (B) each Grantor party hereto; provided, any amendment, supplement, amendment and restatement, modification, waiver, discharge or termination that, in the good faith determination of the Agents in their sole discretion,
(x) solely relates to intercreditor issues or the Secured Parties’ rights, priorities and remedies with respect to the Collateral in relation to such rights, priorities and remedies of other Secured Parties (including, for the avoidance of
doubt, any direct or indirect modification of Section 3.03 or Article 10) and (y) does not adversely affect any of the Grantors shall not require the consent of any of the Grantors (it being understood and agreed that the
Agents shall provide the Borrower with three (3) Business Days’ notice prior to effecting any modification pursuant to this proviso and shall consult in good faith with the Borrower to the extent the Borrower objects to the classifications
made by the Agents in respect of the foregoing clauses (x) or (y)); provided, further, notwithstanding the foregoing, the consent of the Second Out Agent shall also be required for any amendment, supplement,
amendment and restatement, modification, waiver, discharge or termination that adversely affects the rights of the Second Out Agent or the other Second Out Secured Parties hereunder in a manner that is disproportionate to its effect on the First Out
Agents and the First Out Secured Parties hereunder. 
 ARTICLE 12 

AGENCY 

Section 12.01. Agents. The Term Agent has been appointed to act as collateral agent hereunder by the Term Secured Parties, the
Revolving Agent has been appointed to act as collateral agent hereunder by the Revolving Lenders and, by their acceptance of the benefits hereof, the other Revolving Secured Parties, the Second Out Agent has been appointed to act as collateral agent
hereunder by the Second Out Secured Parties the Term LC Agent has been appointed to act as collateral agent hereunder by the Term LC Secured Parties and the Bonding LC Agent has been appointed to act as collateral agent hereunder by the Bonding LC
Secured Parties. Each Agent shall be obligated, and shall have the right hereunder, to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking any action (including, without limitation,
the release or substitution of Collateral), solely in accordance with this Agreement, the First Out Credit Agreement, the Second Out Credit Agreement and the Orders; provided, the Revolving Agent shall, after payment in full of all Revolving
Obligations (other than Other Secured Obligations as defined in the First Out Credit Agreement) under the First Out Credit Agreement and the other First Out Loan Documents, exercise, or refrain from exercising, any remedies provided for herein in
accordance with the instructions of the holders (the “Majority Holders”) of a majority of the aggregate “settlement amount” as defined in the First Out 

  
 48 

 
Secured Hedge Agreements (or, with respect to any First Out Secured Hedge Agreement that has been terminated in accordance with its terms, the amount then due and payable (exclusive of expenses
and similar payments but including any early termination payments then due) under such First Out Secured Hedge Agreement) under all First Out Secured Hedge Agreements, but in each case to the extent such settlement amounts constitute Other Secured
Obligations. For purposes of the foregoing sentence, the settlement amount for any hedge that has not been terminated shall be the settlement amount as of the last Business Day of the month preceding any date of determination and shall be calculated
by the appropriate swap counterparties and reported to the Revolving Agents upon request; provided any First Out Secured Hedge Agreement with a settlement amount that is a negative number shall be disregarded for purposes of determining the
Majority Holders. 
 In furtherance of the foregoing provisions of this Section, each Secured Party (other than the Agents), by its
acceptance of the benefits hereof, agrees that it shall have no right individually to realize upon any of the Collateral hereunder, it being understood and agreed by such Secured Party that all rights and remedies hereunder may be exercised solely
by an Agent for the benefit of the applicable Secured Parties in accordance with the terms of this Section and this Agreement. The provisions of the First Out Credit Agreement and Second Out Credit Agreement (in the case of the Second Out Credit
Agreement, as in effect on the date of the effectiveness thereof) relating to the Agents including, without limitation, the provisions relating to resignation or removal of any Agent and the powers and duties and immunities of each Agent are
incorporated herein by this reference and shall survive any termination of any Credit Agreement. 
 ARTICLE 13 

CONTINUING SECURITY INTEREST; TRANSFER OF LOANS 

This Agreement shall create continuing security interests in the Collateral and shall remain in full force and effect until the Payment in
Full of all Obligations, be binding upon each Grantor, its successors and assigns, and inure, together with the rights and remedies of each Agent hereunder, to the benefit of such Agent and its successors, transferees and assigns or otherwise as set
forth in any order of the Bankruptcy Court. Without limiting the generality of the foregoing, but subject to the terms of the First Out Credit Agreement and the Second Out Credit Agreement, any Lender may assign or otherwise transfer any Loans or
Commitments (as defined in either Credit Agreement) held by it to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Lenders herein or otherwise. Upon the Payment in Full of all
Obligations, the security interests granted hereby shall automatically terminate hereunder and of record and all rights to the Collateral shall revert to Grantors. Upon any such termination the Agents shall, at Grantors’ expense, execute and
deliver to Grantors or otherwise authorize the filing of such documents as Grantors shall reasonably request, including financing statement amendments to evidence such termination. Upon any disposition of property permitted by the First Out Credit
Agreement and the Second Out Credit Agreement, the Liens granted herein shall be deemed to be automatically released and such property shall automatically revert to the applicable Grantor with no further action on the part of any Person. The Agents
shall, at Grantor’s expense, execute and deliver or otherwise authorize the filing of such documents as Grantors shall reasonably request, in form and substance reasonably satisfactory to the applicable Agent, including mortgage releases and
financing statement amendments to evidence such release. 
 ARTICLE 14 

STANDARD OF CARE; AGENTS MAY PERFORM 

The powers conferred on each Agent hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to
exercise any such powers. Except for the exercise of reasonable care in the custody of any Collateral in its possession and the accounting for moneys actually 

  
 49 

 
received by it hereunder, each Agent shall have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to
any Collateral. Each Agent shall be deemed to have exercised reasonable care in the custody and preservation of Collateral in its possession if such Collateral is accorded treatment substantially equal to that which such Agent accords its own
property. None of the Agents nor any of their directors, officers, employees or agents shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so or shall be under any obligation to
sell or otherwise dispose of any Collateral upon the request of any Grantor or otherwise. If any Grantor fails to perform any agreement contained herein, the applicable First Out Agent may itself perform, or cause performance of, such agreement, and
the expenses of such First Out Agent incurred in connection therewith shall be payable by each Grantor under Section 9.05 or 11.05 of the First Out Credit Agreement. 

ARTICLE 15 

MISCELLANEOUS 

Section 15.01. Joinder of Revolving Agent and Second Out Agent. Upon the effectiveness of the Second Out Credit Agreement or the
Future ABL Facility after the date hereof (in each case, to the extent that the incurrence thereof is permitted under the First Out Credit Agreement and, if applicable, the Second Out Credit Agreement), a person acting as an administrative agent and
collateral agent under any such new facility (and performing the roles customarily associated with such titles) shall become party to this Agreement as the Revolving Agent or Second Out Agent, as the case may be, by executing and delivering a
customary joinder agreement (in form and substance reasonably acceptable to the First Out Agents). Thereafter, such joined administrative agent and collateral agent shall be the Revolving Agent or Second Out Agent, as the case may be, for all
purposes hereunder as if an original signatory hereto in such capacity. 
 Section 15.02. Subordination Agreement. The parties
hereto acknowledge that this Agreement is a subordination agreement under Section 510 of the Bankruptcy Code. 
 Section 15.03.
Reinstatement. Each Agent agrees that if (a) any payment made by any Person and applied to the Obligations held by such Agent or any other Agent is at any time annulled, avoided, set aside, rescinded, invalidated, declared to be
fraudulent or preferential or otherwise required to be refunded or repaid, or (b) the proceeds of Collateral applied to the Obligations held by such Agent or any other Agent are required to be returned to any Grantor or its estate, trustee or
receiver under any requirement of law, then, provisions providing for applications of proceeds of Collateral, priorities of liens and rights to payment hereunder shall be and remain in full force and effect, as fully as if such payment had never
been made.
 Section 15.04. Notices; No Waiver; Rights Cumulative; Etc. Any notice required or permitted to be given under this
Agreement shall be given in accordance with Section 11.01 of each of the First Out Credit Agreement and Second Out Credit Agreement. No failure or delay on the part of the Agents in the exercise of any power, right or privilege hereunder or
under any other Loan Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further
exercise thereof or of any other power, right or privilege. All rights and remedies existing under this Agreement and the other Loan Documents are cumulative to, and not exclusive of, any rights or remedies otherwise available. In case any provision
in or obligation under this Agreement shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction,
shall not in any way be affected or impaired thereby. All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an
exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken or condition exists. 

  
 50 

 Section 15.05. Successors and Assigns; Entire Agreement, Etc. This Agreement shall be
binding upon and inure to the benefit of the Agents and Grantors and their respective successors and assigns. No Grantor shall, without the prior written consent of the Agents given in accordance with the First Out Credit Agreement and the Second
Out Credit Agreement, assign any right, duty or obligation hereunder. This Agreement, the Orders and the other Loan Documents embody the entire agreement and understanding between Grantors and the Agents and supersede all prior agreements and
understandings between such parties relating to the subject matter hereof and thereof. Accordingly, the Loan Documents may not be contradicted by evidence of prior or contemporaneous oral agreements of the parties. In the event of any inconsistency
or conflict between the provisions of this Agreement and the Interim Order (and, when applicable, the Final Order), the provisions of the Interim Order or Final Order, as applicable, shall govern. There are no unwritten oral agreements between the
parties. 
 Section 15.06. Consensual Plan Treatment in Respect of the Second Out Obligations. On the maturity date of the
Second Out Credit Agreement, all outstanding Second Out Obligations shall be repaid in cash (or, in the case of issued and outstanding letters of credit thereunder, cash collateralized or backstopped with one or more “back to back” letters
of credit reasonably satisfactory to the Second Out Agent, in either case, in an amount of at least 105% of the face amount thereof)); provided, that the Second Out Lenders may consent to a different treatment under a plan of reorganization
under chapter 11 of the Bankruptcy Code, and such consent shall be deemed to have been given upon the affirmative vote of the Second Out Lenders under the standards set forth in Section 1126(c) of the Bankruptcy Code. 

Section 15.07. Counterparts. This Agreement may be executed in one or more counterparts and by different parties hereto in
separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts
and attached to a single counterpart so that all signature pages are physically attached to the same document. 
 Section 15.08.
GOVERNING LAW. THIS AGREEMENT AND THE OTHER FIRST OUT LOAN DOCUMENTS AND SECOND OUT LOAN DOCUMENTS (OTHER THAN LETTERS OF CREDIT AND AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) SHALL BE (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC
RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OF THE SECURITY INTEREST) CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK AND (TO THE EXTENT APPLICABLE) THE BANKRUPTCY CODE. 

Section 15.09. JURISDICTION; VENUE; SERVICE; WAIVER OF JURY TRIAL. THE PROVISIONS OF THE FIRST OUT CREDIT AGREEMENT UNDER THE
HEADINGS “JURISDICTION; CONSENT TO SERVICE OF PROCESS” AND “WAIVER OF JURY TRIAL” ARE INCORPORATED HEREIN BY THIS REFERENCE AND SUCH INCORPORATION SHALL SURVIVE ANY TERMINATION OF THE FIRST OUT CREDIT AGREEMENT. 

[Signature pages follow] 

  
 51 

 IN WITNESS WHEREOF, each Grantor and each Agent have caused this Agreement to be duly executed
and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

					
	 ALPHA NATURAL RESOURCES, INC.,
as Grantor

			
		 	By:	 	 /s/ Phillip J. Cavatoni

		 	Name:	 	Phillip J. Cavatoni
		 	Title:	 	Executive Vice President & Chief Financial and Strategy Officer

  

	
	Grantors:
	
	 ALPHA AMERICAN COAL COMPANY, LLC

THUNDER MINING COMPANY II, INC.
 ALEX ENERGY,
INC.
 ALPHA AMERICAN COAL HOLDING, LLC
 ALPHA
APPALACHIA HOLDINGS, INC.
 ALPHA APPALACHIA SERVICES, INC.

ALPHA COAL RESOURCES COMPANY, LLC
 ALPHA COAL SALES CO.,
LLC
 ALPHA COAL WEST, INC.
 ALPHA EUROPEAN SALES,
INC.
 ALPHA INDIA, LLC
 ALPHA LAND AND RESERVES,
LLC
 ALPHA MIDWEST HOLDING COMPANY
 ALPHA NATURAL
RESOURCES, LLC
 ALPHA NATURAL RESOURCES INTERNATIONAL, LLC

ALPHA NATURAL RESOURCES SERVICES, LLC
 ALPHA PA COAL
TERMINAL, LLC
 ALPHA SHIPPING AND CHARTERING, LLC

ALPHA SUB EIGHT, LLC
 ALPHA SUB ELEVEN, INC.

ALPHA SUB NINE, LLC
 ALPHA SUB ONE, LLC

ALPHA SUB TEN, INC.
 ALPHA SUB TWO, LLC

ALPHA TERMINAL COMPANY, LLC
 ALPHA WYOMING LAND COMPANY,
LLC
 AMFIRE, LLC
 AMFIRE HOLDINGS, LLC

AMFIRE MINING COMPANY, LLC
 APPALACHIA COAL SALES
COMPANY, INC.
 APPALACHIA HOLDING COMPANY

ARACOMA COAL COMPANY, INC.
 AXIOM EXCAVATING AND GRADING
SERVICES, LLC

  
 [SIGNATURE PAGE TO PLEDGE
AND SECURITY AGREEMENT] 

 
	
	 BANDMILL COAL CORPORATION
 BANDYTOWN
COAL COMPANY
 BARBARA HOLDINGS INC.
 BARNABUS
LAND COMPANY
 BELFRY COAL CORPORATION
 BIG BEAR
MINING COMPANY
 BLACK CASTLE MINING COMPANY, INC.

BLACK KING MINE DEVELOPMENT CO.
 BLACK MOUNTAIN
CUMBERLAND RESOURCES, INC.
 BOONE EAST DEVELOPMENT CO.

BROOKS RUN MINING COMPANY, LLC
 COAL GAS RECOVERY II,
LLC
 PENNSYLVANIA LAND RESOURCES, LLC
 BROOKS RUN
SOUTH MINING, LLC
 BUCHANAN ENERGY COMPANY, LLC

CASTLE GATE HOLDING COMPANY
 CLEAR FORK COAL
COMPANY
 CRYSTAL FUELS COMPANY
 CUMBERLAND COAL
RESOURCES, LP (By: Pennsylvania Services Corporation, as general partner)
 DEHUE COAL COMPANY

DELBARTON MINING COMPANY
 DELTA MINE HOLDING
COMPANY
 DFDSTE CORP.
 DICKENSON-RUSSELL COAL
COMPANY, LLC
 DICKENSON-RUSSELL LAND AND RESERVES, LLC

DRIH CORPORATION
 DUCHESS COAL COMPANY

EAGLE ENERGY, INC.
 ELK RUN COAL COMPANY, INC.

EMERALD COAL RESOURCES, LP (By: Pennsylvania Services Corporation, as general partner)

ENTERPRISE MINING COMPANY, LLC
 ESPERANZA COAL CO.,
LLC
 FOUNDATION MINING, LLC
 FOUNDATION PA COAL
COMPANY, LLC
 FOUNDATION ROYALTY COMPANY

FREEPORT MINING, LLC
 FREEPORT RESOURCES COMPANY,
LLC
 GOALS COAL COMPANY
 GREEN VALLEY COAL
COMPANY
 GREYEAGLE COAL COMPANY
 HARLAN
RECLAMATION SERVICES LLC
 HERNDON PROCESSING COMPANY, LLC

HIGHLAND MINING COMPANY
 HOPKINS CREEK COAL
COMPANY
 INDEPENDENCE COAL COMPANY, INC.
 JACKS
BRANCH COAL COMPANY
 JAY CREEK HOLDING, LLC

KANAWHA ENERGY COMPANY

  
 [SIGNATURE PAGE TO PLEDGE
AND SECURITY AGREEMENT] 

 
	
	 KEPLER PROCESSING COMPANY, LLC

KINGSTON MINING, INC.
 KINGWOOD MINING COMPANY,
LLC
 KNOX CREEK COAL CORPORATION
 LAUREN LAND
COMPANY
 LAXARE, INC.
 LITWAR PROCESSING COMPANY,
LLC
 LOGAN COUNTY MINE SERVICES, INC.
 LONG FORK
COAL COMPANY
 LYNN BRANCH COAL COMPANY, INC.

MAPLE MEADOW MINING COMPANY
 MARFORK COAL COMPANY,
INC.
 MARTIN COUNTY COAL CORPORATION
 MAXXIM
REBUILD CO., LLC
 MAXXIM SHARED SERVICES, LLC

MAXXUM CARBON RESOURCES, LLC
 MCDOWELL-WYOMING COAL
COMPANY, LLC
 MILL BRANCH COAL CORPORATION
 NEW
RIDGE MINING COMPANY
 NEW RIVER ENERGY CORPORATION

NEWEAGLE INDUSTRIES, INC.
 NICEWONDER CONTRACTING,
INC.
 NORTH FORK COAL CORPORATION
 OMAR MINING
COMPANY
 PARAMONT COAL COMPANY VIRGINIA, LLC

PAYNTER BRANCH MINING, INC.
 PEERLESS EAGLE COAL
CO.
 PENNSYLVANIA LAND HOLDINGS COMPANY, LLC

PENNSYLVANIA LAND RESOURCES HOLDING COMPANY, LLC

PENNSYLVANIA SERVICES CORPORATION
 PERFORMANCE COAL
COMPANY
 PETER CAVE MINING COMPANY
 PIGEON CREEK
PROCESSING CORPORATION
 PILGRIM MINING COMPANY, INC.

PIONEER FUEL CORPORATION
 PLATEAU MINING
CORPORATION
 POWER MOUNTAIN COAL COMPANY
 PREMIUM
ENERGY, LLC
 RAWL SALES & PROCESSING CO.

REPUBLIC ENERGY, INC.
 RESOURCE DEVELOPMENT LLC

RESOURCE LAND COMPANY LLC
 RIVER PROCESSING
CORPORATION
 RIVERSIDE ENERGY COMPANY, LLC

RIVERTON COAL PRODUCTION INC.
 ROAD FORK DEVELOPMENT
COMPANY, INC.
 ROBINSON-PHILLIPS COAL COMPANY

ROCKSPRING DEVELOPMENT, INC.
 ROSTRAVER ENERGY
COMPANY
 RUM CREEK COAL SALES, INC.

  
 [SIGNATURE PAGE TO PLEDGE
AND SECURITY AGREEMENT] 

 
	
	 RUSSELL FORK COAL COMPANY

SHANNON-POCAHONTAS COAL CORPORATION
 SHANNON-POCAHONTAS
MINING COMPANY
 SIDNEY COAL COMPANY, INC.

SPARTAN MINING COMPANY
 STIRRAT COAL COMPANY

SYCAMORE FUELS, INC.
 T. C. H. COAL CO.

TENNESSEE CONSOLIDATED COAL COMPANY
 TRACE CREEK COAL
COMPANY
 TWIN STAR MINING, INC.
 WABASH MINE
HOLDING COMPANY
 WARRICK HOLDING COMPANY
 WEST
KENTUCKY ENERGY COMPANY
 WHITE BUCK COAL COMPANY

WILLIAMS MOUNTAIN COAL COMPANY
 WYOMAC COAL COMPANY,
INC., each as a Grantor

	
	Executing this Agreement as an authorized officer of each of the foregoing persons on behalf of and so as to bind the persons named above under the caption “Grantors”

  

					
		 	By:	 	 /s/ Richard H. Verheij

		 	Name:	 	Richard H. Verheij
		 	Title:	 	Secretary

  
 [SIGNATURE PAGE TO PLEDGE
AND SECURITY AGREEMENT] 

 
			
	 Citibank, N.A.,
as Term Agent

		
	By:	 	 /s/ Allister Chan

	Name:	 	Allister Chan
	Title:	 	Vice President
	
	 Citibank, N.A.,
as Term LC Agent

		
	By:	 	 /s/ Allister Chan

	Name:	 	Allister Chan
	Title:	 	Vice President
	
	 Citibank, N.A.,
as Bonding LC Agent

		
	By:	 	 /s/ Allister Chan

	Name:	 	Allister Chan
	Title:	 	Vice President

  
 [SIGNATURE PAGE TO PLEDGE
AND SECURITY AGREEMENT] 

 SCHEDULE 5.1 

TO PLEDGE AND SECURITY AGREEMENT 

GENERAL INFORMATION 
  

	(A)	Full Legal Name, Type of Organization, Jurisdiction of Organization, Chief Executive Office/Sole Place of Business (or Residence if Grantor is a Natural Person) and Tax Identification Number of each Grantor:

  

									
	 Full Legal Name
	 	 Type of

Organization
	 	 Jurisdiction of

Organization
	 	 Chief Executive

Office/Sole Place of business
	 	 Tax ID Number

	Alpha Natural Resources, Inc.	 	Corporation	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha American Coal Company, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Thunder Mining Company II, Inc.	 	Corporation	 	WV	 	 P.O. Box 457
 Whitesville, WV 25209
	 	
					
	Alex Energy, Inc.	 	Corporation	 	WV	 	 2691 Little Birch Road
 Sutton, WV
26601
	 	
					
	Alpha American Coal Holding, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Appalachia Holdings, Inc.	 	Corporation	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Appalachia Services, Inc.	 	Corporation	 	WV	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Coal Resources Company, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Coal Sales Co., LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Coal West, Inc.	 	Corporation	 	DE	 	 2273 Bishop Road
 Gillette, WY 82718
	 	
					
	Alpha European Sales, Inc.	 	Corporation	 	VA	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha India, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Land and Reserves, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Midwest Holding Company	 	Corporation	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	

									
	Alpha Natural Resources, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Natural Resources International, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Natural Resources Services, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha PA Coal Terminal, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Shipping and Chartering, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Sub Eight, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Sub Eleven, Inc.	 	Corporation	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Sub Nine, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Sub One, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Sub Ten, Inc.	 	Corporation	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Sub Two, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Terminal Company, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Alpha Wyoming Land Company, LLC	 	LLC	 	DE	 	 2273 Bishop Road
 Gillette, WY 82718
	 	
					
	AMFIRE, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	AMFIRE Holdings, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	AMFIRE Mining Company, LLC	 	LLC	 	DE	 	 158 Portal Road
 P.O. Box 1020

Waynesburg, PA 15370
	 	
					
	Appalachia Coal Sales Company, Inc.	 	Corporation	 	VA	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Appalachia Holding Company	 	Corporation	 	VA	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Aracoma Coal Company, Inc.	 	Corporation	 	WV	 	 P.O. Box 1098
 Holden, WV 25625
	 	
					
	Axiom Excavating and Grading Services, LLC	 	LLC	 	DE	 	 5703 Crutchfield Drive
 Norton, VA
24273
	 	
					
	Bandmill Coal Corporation	 	Corporation	 	WV	 	 1924 Rum Creek Road
 Yolyn, WV 25654
	 	
					
	Bandytown Coal Company	 	Corporation	 	WV	 	 Route 3
 Burnside Branch Road

Peytona, WV 25154
	 	

									
	Barbara Holdings Inc.	 	Corporation	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Barnabus Land Company	 	Corporation	 	WV	 	 300 Running Right Way
 P.O. Box 261

Julian, WV 25529
	 	
					
	Belfry Coal Corporation	 	Corporation	 	WV	 	 300 Running Right Way
 P.O. Box 261

Julian, WV 25529
	 	
					
	Big Bear Mining Company	 	Corporation	 	WV	 	 208 Business Street
 Beckley, WV 25801
	 	
					
	Black Castle Mining Company, Inc.	 	Corporation	 	WV	 	 P.O. Box 210
 Twilight, WV 25204
	 	
					
	Black King Mine Development Co.	 	Corporation	 	WV	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Black Mountain Cumberland Resources, Inc.	 	Corporation	 	VA	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Boone East Development Co.	 	Corporation	 	WV	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Brooks Run Mining Company, LLC	 	LLC	 	DE	 	 2691 Little Birch Road
 Sutton, WV
26601
	 	
					
	Coal Gas Recovery II, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Pennsylvania Land Resources, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Brooks Run South Mining, LLC	 	LLC	 	DE	 	 208 Business Street
 Beckley, WV 25801
	 	
					
	Buchanan Energy Company, LLC	 	LLC	 	VA	 	 119 North, South 2 Road
 P.O. Box 1098

Holden, WV 25625
	 	
					
	Castle Gate Holding Company	 	Corporation	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Clear Fork Coal Company	 	Corporation	 	WV	 	 Route 3/1
 370 Packsville Road

Whitesville, WV 25209
	 	
					
	Crystal Fuels Company	 	Corporation	 	WV	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	
					
	Cumberland Coal Resources, LP	 	LP	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Dehue Coal Company	 	Corporation	 	WV	 	 300 Running Right Way
 P.O. Box 261

Julian, WV 25529
	 	
					
	Delbarton Mining Company	 	Corporation	 	WV	 	 119 North, South 2 Road
 P.O. Box 1098

Holden, WV 25625
	 	
					
	Delta Mine Holding Company	 	Corporation	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	

									
	DFDSTE Corp.	 	Corporation	 	DE	 	 208 Business Street
 Beckley, WV 25801
	 	
					
	Dickenson-Russell Coal Company, LLC	 	LLC	 	DE	 	 2079 Herndon Road
 McClure, VA 24269
	 	
					
	Dickenson-Russell Land and Reserves, LLC	 	LLC	 	DE	 	 2079 Herndon Road
 McClure, VA 24269
	 	
					
	DRIH Corporation	 	Corporation	 	DE	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	
					
	Duchess Coal Company	 	Corporation	 	WV	 	 300 Running Right Way
 P.O. Box 261

Julian, WV 25529
	 	
					
	Eagle Energy, Inc.	 	Corporation	 	WV	 	 Route 3
 Burnside Branch Road

Peytona, WV 25154
	 	
					
	Elk Run Coal Company, Inc.	 	Corporation	 	WV	 	 Route 3/1
 Pettus, WV 25209
	 	
					
	Emerald Coal Resources, LP	 	LP	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Enterprise Mining Company, LLC	 	LLC	 	DE	 	 5703 Crutchfield Drive
 Norton, VA
24273
	 	
					
	Esperanza Coal Co., LLC	 	LLC	 	DE	 	 P.O. Box 655
 Norton, VA 24273
	 	
					
	Foundation Mining, LLC	 	LLC	 	DE	 	 158 Portal Road
 P.O. Box 1020

Waynesburg, PA 15370
	 	
					
	Foundation PA Coal Company, LLC	 	LLC	 	DE	 	 158 Portal Road
 P.O. Box 1020

Waynesburg, PA 15370
	 	
					
	Foundation Royalty Company	 	Corporation	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Freeport Mining, LLC	 	LLC	 	DE	 	 158 Portal Road
 P.O. Box 1020

Waynesburg, PA 15370
	 	
					
	Freeport Resources Company, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Goals Coal Company	 	Corporation	 	WV	 	 8641 Coal River Road
 Naoma, WV 25140
	 	
					
	Green Valley Coal Company	 	Corporation	 	WV	 	 2691 Little Birch Road
 Sutton, WV
26601
	 	
					
	Greyeagle Coal Company	 	Corporation	 	KY	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Harlan Reclamation Services LLC	 	LLC	 	VA	 	 5703 Crutchfield Drive
 Norton, VA
24273
	 	
					
	Herndon Processing Company, LLC	 	LLC	 	WV	 	 Route 10
 Herndon, WV 24726
	 	
					
	Highland Mining Company	 	Corporation	 	WV	 	 119 North, South 2 Road
 P.O. Box 1098

Holden, WV 25625
	 	

									
	Hopkins Creek Coal Company	 	Corporation	 	KY	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	
					
	Independence Coal Company, Inc.	 	Corporation	 	WV	 	 P.O. Box 210
 Twilight, WV 25204
	 	
					
	Jacks Branch Coal Company	 	Corporation	 	WV	 	 P.O. Box 210
 Twilight, WV 25204
	 	
					
	Jay Creek Holding, LLC	 	LLC	 	DE	 	 2273 Bishop Road
 Gillette, WY 82718
	 	
					
	Kanawha Energy Company	 	Corporation	 	WV	 	 300 Running Right Way
 Julian, WV 25529
	 	
					
	Kepler Processing Company, LLC	 	LLC	 	WV	 	 Route 97-W
 Pineville, WV 24874
	 	
					
	Kingston Mining, Inc.	 	Corporation	 	WV	 	 600 Resource Drive
 Scarbro, WV 25917
	 	
					
	Kingwood Mining Company, LLC	 	LLC	 	DE	 	 208 Business Street
 Beckley, WV 25801
	 	
					
	Knox Creek Coal Corporation	 	Corporation	 	VA	 	 5703 Crutchfield Drive
 Norton, VA
24273
	 	
					
	Lauren Land Company	 	Corporation	 	KY	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Laxare, Inc.	 	Corporation	 	WV	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Litwar Processing Company, LLC	 	LLC	 	WV	 	 P.O. Box 727
 HCR 60, War Branch Road

Iaeger, WV 24844
	 	
					
	Logan County Mine Services, Inc.	 	Corporation	 	WV	 	 119 North, South 2 Road
 P.O. Box 1098

Holden, WV 25625
	 	
					
	Long Fork Coal Company	 	Corporation	 	KY	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	
					
	Lynn Branch Coal Company, Inc.	 	Corporation	 	WV	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	
					
	Maple Meadow Mining Company	 	Corporation	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Marfork Coal Company, Inc.	 	Corporation	 	WV	 	 Route 3/1
 370 Packsville Road

Whitesville, WV 25209
	 	
					
	Martin County Coal Corporation	 	Corporation	 	KY	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Maxxim Rebuild Co., LLC	 	LLC	 	DE	 	 300 Running Right Way
 P.O. Box 261

Julian, WV 25529
	 	
					
	Maxxim Shared Services, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	

									
	Maxxum Carbon Resources, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	McDowell-Wyoming Coal Company, LLC	 	LLC	 	DE	 	 Route 97-W
 P.O. Box 1530

Pineville, WV 24874
	 	
					
	Mill Branch Coal Corporation	 	Corporation	 	VA	 	 5703 Crutchfield Drive
 Norton, VA
24273
	 	
					
	New Ridge Mining Company	 	Corporation	 	KY	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	New River Energy Corporation	 	Corporation	 	WV	 	 158 Portal Road
 P.O. Box 1020

Waynesburg, PA 15370
	 	
					
	Neweagle Industries, Inc.	 	Corporation	 	VA	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Nicewonder Contracting, Inc.	 	Corporation	 	WV	 	 208 Business Street
 Beckley, WV 25801
	 	
					
	North Fork Coal Corporation	 	Corporation	 	VA	 	 5703 Crutchfield Drive
 Norton, VA
24273
	 	
					
	Omar Mining Company	 	Corporation	 	WV	 	 782 Robinson Creek Road
 Madison, WV
25130
	 	
					
	Paramont Coal Company Virginia, LLC	 	LLC	 	DE	 	 5703 Crutchfield Drive
 Norton, VA
24273
	 	
					
	Paynter Branch Mining, Inc.	 	Corporation	 	WV	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Peerless Eagle Coal Co.	 	Corporation	 	WV	 	 300 Running Right Way
 Julian, WV 25529
	 	
					
	Pennsylvania Land Holdings Company, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Pennsylvania Land Resources Holding Company, LLC	 	LLC	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Pennsylvania Services Corporation	 	Corporation	 	DE	 	 158 Portal Road
 P.O. Box 1020

Waynesburg, PA 15370
	 	
					
	Performance Coal Company	 	Corporation	 	WV	 	 P.O. Box 457
 Whitesville, WV 25209
	 	
					
	Peter Cave Mining Company	 	Corporation	 	KY	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Pigeon Creek Processing Corporation	 	Corporation	 	VA	 	 5703 Crutchfield Drive
 Norton, VA
24273
	 	
					
	Pilgrim Mining Company, Inc.	 	Corporation	 	KY	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Pioneer Fuel Corporation	 	Corporation	 	WV	 	 4101 Slate Drive
 Scarbro, WV 25917
	 	
					
	Plateau Mining Corporation	 	Corporation	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	

									
	Power Mountain Coal Company	 	Corporation	 	WV	 	 #4 Jerry’s Fork Road
 Drennen, WV
26667
	 	
					
	Premium Energy, LLC	 	LLC	 	DE	 	 119 North, South II Road
 Holden, WV
25625
	 	
					
	Rawl Sales & Processing Co.	 	Corporation	 	WV	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	
					
	Republic Energy, Inc.	 	Corporation	 	WV	 	 4101 Slate Drive
 Scarbro, WV 25917
	 	
					
	Resource Development LLC	 	LLC	 	VA	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Resource Land Company LLC	 	LLC	 	VA	 	 5703 Crutchfield Drive
 Norton, VA
24273
	 	
					
	River Processing Corporation	 	Corporation	 	DE	 	 158 Portal Road
 P.O. Box 1020

Waynesburg, PA 15370
	 	
					
	Riverside Energy Company, LLC	 	LLC	 	WV	 	 208 Business Street
 Beckley, WV 25801
	 	
					
	Riverton Coal Production Inc.	 	Corporation	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Road Fork Development Company, Inc.	 	Corporation	 	KY	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	
					
	Robinson-Phillips Coal Company	 	Corporation	 	WV	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	
					
	Rockspring Development, Inc.	 	Corporation	 	DE	 	 Right Fork Camp Creek
 P.O. Box 390

East Lynn, WV 25512
	 	
					
	Rostraver Energy Company	 	Corporation	 	PA	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Rum Creek Coal Sales, Inc.	 	Corporation	 	WV	 	 119 North, South 2 Road
 P.O. Box 1098

Holden, WV 25625
	 	
					
	Russell Fork Coal Company	 	Corporation	 	WV	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	
					
	Shannon-Pocahontas Coal Corporation	 	Corporation	 	WV	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	
					
	Shannon-Pocahontas Mining Company	 	General Partnership	 	WV	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	
					
	Sidney Coal Company, Inc.	 	Corporation	 	KY	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	
					
	Spartan Mining Company	 	Corporation	 	WV	 	 208 Business Street
 Beckley, WV 25801
	 	
					
	Stirrat Coal Company	 	Corporation	 	WV	 	 119 North, South 2 Road
 P.O. Box 1098

Holden, WV 25625
	 	
					
	Sycamore Fuels, Inc.	 	Corporation	 	WV	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	

									
	T. C. H. Coal Co.	 	Corporation	 	KY	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	
					
	Tennessee Consolidated Coal Company	 	Corporation	 	TN	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Trace Creek Coal Company	 	Corporation	 	PA	 	 c/o Logan County Mine Services
 119 North, South
2 Road
 P.O. Box 1098
 Holden, WV 25625
	 	
					
	Twin Star Mining, Inc.	 	Corporation	 	WV	 	 c/o Logan County Mine Services
 119 North, South
2 Road, P. O. Box 1098
 Holden, WV 25625
	 	
					
	Wabash Mine Holding Company	 	Corporation	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	Warrick Holding Company	 	Corporation	 	DE	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	West Kentucky Energy Company	 	Corporation	 	KY	 	 One Alpha Place
 Bristol, VA 24202
	 	
					
	White Buck Coal Company	 	Corporation	 	WV	 	 2691 Little Birch Road
 Sutton, WV
26601
	 	
					
	Williams Mountain Coal Company	 	Corporation	 	WV	 	 300 Running Right Way
 P.O. Box 261

Julian, WV 25529
	 	
					
	Wyomac Coal Company, Inc.	 	Corporation	 	WV	 	 15400 Bent Mountain Road
 Sidney, KY
41564
	 	

  

	(B)	Other Names (including any Trade Name or Fictitious Business Name) under which each Grantor currently conducts business: 

See Schedule 5.1(C) below1. 

 

	1 	Trade names or assumed names that are no longer active include the date withdrawn. 

	(C)	Changes in Name, Jurisdiction of Organization, Chief Executive Office or Sole Place of Business (or Principal Residence if Grantor is a Natural Person), Corporate Structure and any other names under which it has
conducted business since August 6, 2010: 

  

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
	Alex Energy, Inc.	 	 Edwight Mining
 Company
	 	t/a in WV	  	10-10-03
				
		 	 Intrepid Mining
 Company
	 	t/a in WV	  	 03-21-00;
 withdrawn on

09-30-13

				
		 	 North Surface
 Mine
	 	t/a in WV	  	 04-28-00;
 withdrawn on

01-02-14

				
		 	 Superior Surface
 Mine
	 	t/a in WV	  	 12-22-03;
 withdrawn on

01-02-14

				
		 	 Hanna Land
 Company, LLC
	 	Liquidation	  	11-30-13
				
	Alpha American Coal Company, LLC	 	 Alpha Energy
 Sales, LLC
	 	Merger	  	11-30-13
				
	 Alpha Appalachia
 Holdings, Inc.
	 	 Massey Energy
 Company
	 	 Name
 Change
	  	06-01-11
				
		 	Mountain Merger Sub, Inc.	 	Merger	  	06-01-11
				
	Alpha Coal Resources Company, LLC	 	Foundation Coal Resources Corporation	 	Conversion from corporation to limited liability company; Name Change	  	1-1-11
				
	 Alpha Coal Sales
 Co., LLC
	 	Metcoal Sales	 	t/a in WV	  	03-04-03
				
		 	Alpha Coal Sales Company, LLC	 	t/a in IL	  	10-2-12

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
	 Alpha European
 Sales, Inc.
	 	Massey European Sales, Inc.	 	 Name
 Change
	  	06-02-11
				
		 	Massey Technology Investments, Inc.	 	 Name
 Change
	  	04-03-10
				
	 Alpha Gas and Oil
 Company
	 	Massey Gas & Oil Company	 	 Name
 Change
	  	06-01-11
				
	 Alpha Natural
 Resources, LLC
	 	Alpha Natural Resources Virginia, LLC	 	t/a in VA	  	08-10-05
				
		 	Alpha Sub Five, LLC	 	Merger	  	9-15-13
				
		 	Alpha Sub Four, LLC	 	Merger	  	9-15-13
				
		 	 Alpha Sub
 Three, LLC
	 	Merger	  	9-15-13
				
	Alpha Natural Resources International, LLC	 	Alpha Australia, LLC	 	Merger	  	7-15-15
				
	Alpha Shipping and Chartering, LLC	 	Alpha Natural Resources Capital, LLC	 	Name Change	  	08-23-10
				
	Alpha Sub Eight, LLC	 	 Alpha Sub Seven, LLC
  

Alpha Sub Six, LLC
	 	 Merger
  

Merger
	  	 7-24-15
  

7-24-15

				
	Alpha Sub Ten, LLC	 	 Alpha Sub Thirteen, LLC
  

Alpha Sub Twelve, LLC
	 	 Merger
  

Merger
	  	 7-24-15
  

7-24-15

				
	AMFIRE Holdings, LLC	 	AMFIRE WV, L.P.	 	Merger	  	7-7-15
				
	AMFIRE, LLC	 	Solomons Mining Company	 	Merger	  	7-6-15

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

	AMFIRE Mining Company, LLC	 	Coral Energy Services, LLC	 	Merger	  	7-2-15
				
	Appalachia Coal Sales Company, Inc.	 	Massey Coal Sales Company, Inc.	 	 Name
 Change
	  	06-02-11
				
		 	Massey Industrial Sales Company	 	t/a in VA	  	 10-19-04;
 withdrawn

04-12-13

				
		 	Massey Metallurgical Coal, Inc.	 	t/a in VA	  	09-16-91
				
		 	 Massey Utility
 Sales Company
	 	t/a in VA	  	 09-21-99;
 withdrawn

04-12-13

				
		 	 SC Coal
 Corporation
	 	Merger	  	10-31-13
				
		 	Scarlet Development Company	 	Liquidation	  	10-31-14
				
		 	Central Penn Energy Company, Inc.	 	Merger	  	5-1-15
				
		 	Alpha Gas & Oil Company (formerly Massey Gas & Oil Company)	 	Merger	  	7-15-15
				
	 Appalachia
 Holding Company
	 	A. T. Massey Coal Company, Inc.	 	 Name
 Change
	  	06-02-11
				
		 	 Hanna Land
 Company
	 	Liquidation	  	11-30-13
				
		 	 JST Land
 Company
	 	Merger	  	11-30-13
				
		 	Massey Coal Export Company	 	t/a in VA	  	03-20-91

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
	Axiom Excavating and Grading Services, LLC	 	 Palladian
 Holdings, LLC
	 	 Name
 Change
	  	11-15-10
				
		 	Palladian Lime, LLC	 	Merger	  	10-31-13
				
	 Barbara Holdings
 Inc.
	 	 Red Ash Sales
 Company, Inc.
	 	Merger	  	10-31-13
				
	 Big Bear Mining
 Company
	 	 Lynco Mining
 Company
	 	t/a in WV	  	 03-26-90;
 withdrawn on

12-03-13

				
	Black Castle Mining Company, Inc.	 	 Support Mining
 Company
	 	 Name
 Change
	  	01-01-14
				
		 	Inman Coal	 	t/a in WV	  	02-04-07
				
	Black Mountain Cumberland Resources, Inc.	 	Cumberland Resources Corporation	 	 Name
 Change
	  	11-30-13
				
		 	Powell River Resources Corporation	 	Merger	  	11-30-13
				
	 Boone East
 Development Co.
	 	Boone West Development Co.	 	Merger	  	12-31-13
				
		 	Central West Virginia Energy Company	 	Merger	  	12-31-13
				
		 	 Ceres Land
 Company
	 	Merger	  	12-31-13
				
		 	 Demeter Land
 Company
	 	Merger	  	12-31-13
				
		 	 Raven
 Resources, Inc.
	 	Merger	  	12-31-13

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
	 Brooks Run South
 Mining, LLC
	 	 Cobra Natural
 Resources, LLC
	 	 Name
 Change
	  	01-01-14
				
	 Buchanan Energy
 Company, LLC
	 	Callaway Land and Reserves, LLC	 	Merger	  	9-15-13
				
		 	 Virginia Energy
 Company, LLC
	 	Merger	  	10-31-13
				
		 	Alpha Virginia Energy Company, LLC	 	t/a	  	10-20-05
				
	Crystal Fuels Company	 	15400 Bent Mountain Road, Sidney, KY 41564	 	Change of chief executive office / principal place of business	  	2015
				
	DFDSTE Corp.	 	Dry Systems Technologies, Inc.	 	Name Change	  	4-30-15
				
	 Duchess Coal
 Company
	 	 Stone Mining
 Company
	 	Merger	  	12-31-13
				
	DRIH Corporation	 	15400 Bent Mountain Road, Sidney, KY 41564	 	Change of chief executive office / principal place of business	  	2015
				
	 Elk Run Coal
 Company, Inc.
	 	Boone Energy Company	 	Merger	  	10-31-13
				
		 	Black Castle Mining Company	 	t/a in WV	  	05-25-01
				
		 	Foglesong Energy Company	 	Merger	  	9-15-13
				
		 	Homer III Processing Company	 	t/a in WV	  	 12-18-01;
 withdrawn on

09-30-13

				
		 	 Nicholas Energy
 Company
	 	Merger	  	12-30-13

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
		 	Republic Energy	 	t/a in WV	  	 02-24-04;
 withdrawn on

01-02-14

				
		 	Joboner Coal Company	 	Elk Run Coal Company, Inc.	  	7-15-15
				
	 Enterprise Mining
 Company, LLC
	 	Enterprise Land and Reserves, LLC	 	Merger	  	10-31-13
				
	Freeport Resources Company, LLC	 	Freeport Resources Corporation	 	Conversion from corporation to limited liability company; Name Change	  	01-01-11
				
	 Green Valley Coal
 Company
	 	 PP&M Company
      

Green Valley
 Trucking
	 	 t/a in WV
      

t/a in WV
	  	 03-07-00;
 withdrawn on

12-03-13
 09-04-12

				
	Hopkins Creek Coal Company	 	15400 Bent Mountain Road, Sidney, KY 41564	 	Change of chief executive office / principal place of business	  	2015
				
	Independence Coal Company, Inc.	 	Anna Branch Mining Company	 	t/a in WV	  	 t/a on 01-23-01; withdrawn

01-02-14

				
		 	Endurance Mining Company	 	t/a in WV	  	 05-16-00;
 withdrawn on

11-07-13

				
		 	 Progress Coal
 Company
	 	t/a in WV	  	03-23-98
				
		 	Shenandoah Capital Management Corp.	 	Merger	  	10-31-13
				
		 	 Talon Loadout
 Company
	 	Merger	  	11-30-13

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
	 Jay Creek
 Holding, LLC
	 	 Corral Creek
 Holding, LLC
	 	 Name
 Change
	  	03-29-11
				
	Kingston Mining, Inc.	 	 Kingston
 Processing, Inc. (WV)
	 	Merger	  	12-30-13
				
		 	 Kingston
 Resources, Inc. (KY)
	 	Merger	  	12-31-13
				
	 Knox Creek Coal
 Corporation
	 	Certified Coal & Coke Company	 	t/a in VA	  	 03-06-97;
 withdrawn on

12-23-13 (Buchanan County, VA) and
 12-27-13 (Tazewell County,
VA)

				
	 Lauren Land
 Company
	 	 Douglas Pocahontas Coal Corporation
  

Haden Farms, Inc.
  

New Market
 Land Company

 
 Tucson Limited Liability Company
	 	 Merger
      

 
 Merger
  

Merger
      

 
 Merger
	  	 11-30-13
      

 
 11-30-13
  

11-30-13
      

 
 7-15-15

				
	 Long Fork Coal
 Company
	 	 Town Creek
 Coal Company

 
 15400 Bent Mountain Road, Sidney, KY 41564
	 	 Merger
      

 
 Change of chief executive office / principal place of business
	  	 10-31-14
      

 
 2015

				
	Lynn Branch Coal Company, Inc.	 	15400 Bent Mountain Road, Sidney, KY 41564	 	Change of chief executive office / principal place of business	  	2015

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
	 Martin County
 Coal Corporation
	 	 Coal Handling
 Facility, Inc.
	 	t/a in KY	  	 10-29-04;
 07-27-09;

withdrawn on
 03-29-13

				
		 	 M. T. R. Mining
 Company
	 	 t/a in KY
	  	 10-29-04;
 3-23-10;

withdrawn on
 12-10-13

				
	Markfork Coal Company, Inc.	 	Appalachian Synfuel, LLC	 	Merger	  	10-15-10
				
		 	Mining Support Group	 	t/a	  	 Withdrew on
 12-3-13

				
		 	Processing Maintenance Group	 	t/a	  	 Withdrew on
 12-3-13

				
	 Maxxim Shared
 Services, LLC
	 	 Spectrum
 Laboratories
	 	t/a in VA	  	 09-17-03;
 changed to true name

03-9-04;
 02-23-09 as t/a again

				
	Maxxum Carbon Resources, LLC	 	Black Dog Coal, LLC	 	Merger	  	7-6-15
				
	 Mill Branch Coal
 Corporation
	 	 Alliance Coal
 Corporation

 
 Bluff Spur Coal

Corporation
  

Cumberland Equipment Corporation
  

Dorchester Enterprises, Incorporated
	 	 Merger
      

 
 Merger

     
  

Merger
      

 
 Merger

     
	  	 12-01-13
      

 
 12-31-12

     
  

12-30-13
      

 
 12-31-12

     

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

		 	 Exeter Coal
 Corporation

 
 Guest Mountain Mining Corporation

 
 Meadow Branch Mining Corporation

 
 Mountain Management, Incorporated

 
 Osaka Mining

Corporation
  

Big Laurel Mining Corporation
	 	 Merger
      

 
 Merger
  

Merger
  

Merger
  

Merger
  

Merger
	  	 12-31-12
  

12-31-12
  

12-31-12
  

12-2-13
  

12-31-12
  

12-31-12

				
	 New Ridge
 Mining Company
	 	Coalgood Energy Company	 	t/a in KY	  	 06-17-05;
 withdrawn on

11-05-13

				
	 Neweagle
 Industries, Inc.
	 	Neweagle Development Corp.	 	Merger	  	12-30-13
		 	 Neweagle
 Mining Corp.
	 	 Merger
	  	 12-30-13

				
	 North Fork Coal
 Corporation
	 	 Cave Spur Coal
 LLC
	 	Merger	  	12-31-12
				
		 	 Cloverlick Coal
 Company LLC
	 	 Merger
	  	 12-31-12

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
	 North Fork Coal
 Corporation
	 	 High Splint
 Coal LLC
	 	Merger	  	12-31-12
				
		 	 Panther Mining
 LLC
	 	Merger	  	12-31-12
				
		 	 Stillhouse
 Mining LLC
	 	Merger	  	12-31-13
				
		 	 Winifrede Coal
 Corporation
	 	Merger	  	11-30-13
				
	 Peerless Eagle
 Coal Co.
	 	 Nicco
 Corporation
	 	Merger	  	12-31-13
				
	Pennsylvania Land Holdings Company, LLC	 	 Coal Gas
 Recovery, LLC
	 	Merger	  	12-31-13
				
	 Performance Coal
 Company
	 	Upper Big Branch Mining Company	 	t/a in WV	  	 10-13-94;
 withdrawn on

01-31-14

				
	 Pioneer Fuel
 Corporation
	 	Pioneer Mining, Inc.	 	Merger	  	12-30-13
	 	  
 Simmons Fork

Mining, Inc.
	 	  
 Merger
	  	  
 03-31-14

				
	Premium Energy, LLC	 	 White Flame
 Energy, Inc.
	 	Merger	  	12-31-13

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
	Rawl Sales & Processing Co.	 	 Allburn Coal
 Company
	 	t/a in KY	  	 12-06-89; renewed through 7-15-13; withdrawn on

12-10-13

				
		 	 Big Bottom
 Coal Company
	 	t/a in KY	  	 12-06-89; renewed through 7-15-13; withdrawn on

12-10-13

				
		 	 Bluesprings
 Coal Company
	 	t/a in WV	  	 11-27-89;
 withdrawn on

01-02-14

				
		 	 Bluesprings
 Coal Company
	 	t/a in KY	  	 12-6-89; renewed through 7-15-13; withdrawn on

12-10-13

				
		 	 Lobata Coal
 Company
	 	t/a in WV	  	 11-27-89;
 withdrawn on

12-03-13

				
		 	 Magnolia Coal
 Company
	 	t/a in WV	  	 11-27-89;
 withdrawn on

12-03-13

				
		 	Maxann Coal Co.	 	t/a in WV	  	 11-27-89;
 withdrawn on

12-03-13

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
	Rawl Sales & Processing Co.	 	 Maxann Coal
 Co.
	 	t/a in KY	  	12-6-89; renewed through 7-15-13; withdrawn on 12-10-13
				
		 	 P. M. Charles
 Coal Co.
	 	t/a in WV	  	 11-27-89;
 withdrawn on

12-03-13

				
		 	 Pikco Mining
 Company
	 	t/a in WV	  	 11-27-89;
 withdrawn on

12-03-13

				
		 	 Pikco Mining
 Company
	 	t/a in KY	  	12-6-89; renewed through 7-15-13; withdrawn on 12-10-13
				
		 	 Pond Creek
 Mining Co.
	 	t/a in WV	  	 11-27-89;
 withdrawn on

12-03-13

				
		 	 Rocky Hollow
 Coal Co.
	 	t/a in WV	  	 11-27-89;
 withdrawn on

12-03-13

				
		 	Sprouse Creek Processing Company	 	t/a in WV	  	 11-27-89;
 withdrawn on

12-03-13

				
		 	 Sycamore
 Mining Co.
	 	t/a in WV	  	 11-27-89;
 withdrawn on

12-03-13

				
		 	 Tall Timber
 Coal Company
	 	t/a in KY	  	12-06-89; renewed through 7-15-13; withdrawn on 12-10-13
				
		 	Ben Creek Coal Company	 	Merger	  	7-15-15
				
	Rawl Sales & Processing Co.	 	15400 Bent Mountain Road, Sidney, KY 41564	 	Change of chief executive office / principal place of business	  	2015
				
	Republic Energy, Inc.	 	 Hazy Ridge
 Coal Company
	 	 Name
 Change
	  	01-01-14

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
	 Resource
 Development LLC
	 	 Harlan
 Resources LLC
	 	t/a in KY	  	 09-28-98;
 withdrawn on

01-30-13

				
		 	 Maggard Branch
 Coal LLC
	 	Merger	  	12-1-13
				
		 	 Meadow Branch
 Coal LLC
	 	Merger	  	12-1-13
				
		 	 Nine Mile Spur
 LLC
	 	Merger	  	12-1-13
				
	 Resource Land
 Company LLC
	 	 Black Mountain
 Resources, LLC
	 	Merger	  	03-31-14
				
	 Riverton Coal
 Production Inc.
	 	Energy Development Corporation	 	Merger	  	10-31-13
				
		 	 Riverton Coal
 Sales, Inc.
	 	Merger	  	10-31-13
				
		 	Ruhrkohle Trading Corporation	 	Merger	  	10-31-13
				
	Road Fork Development Company, Inc.	 	 Long Pole
 Energy
	 	t/a in KY	  	 03-18-10;
 withdrawn on

01-23-14

				
		 	 Love Branch
 South
	 	t/a in KY	  	 03-29-10;
 withdrawn on

12-10-13

				
		 	Resource Energy Company	 	t/a in KY	  	 09-07-99;
 06-09-04;

06-16- 09; withdrawn on 12-10-13

		 	Resource Energy Company	 	t/a in WV	  	 12-22-00;
 withdrawn on

12-03-13

				
		 	Pegs Branch Mining Company	 	t/a in KY	  	 07-05-94;
 withdrawn on

12-10-13

				
		 	Sheep Fork Mining Company	 	t/a	  	11-20-12

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
	Road Fork Development Company, Inc.	 	Sheep Fork Mining Company	 	t/a in KY	  	 11-20-12;
 withdrawn on

12-10-13

				
	Road Fork Development Company, Inc.	 	15400 Bent Mountain Road, Sidney, KY 41564	 	Change of chief executive office / principal place of business	  	2015
				
	 Robinson-Phillips
 Coal Company
	 	Simron Fuel Co.	 	t/a in WV	  	 03-21-90;
 withdrawn on

12-03-13

				
		 	Winston Coal Company	 	t/a in WV	  	 03-21-90;
 withdrawn on

12-03-13

				
	Robinson-Phillips Coal Company	 	15400 Bent Mountain Road, Sidney, KY 41564	 	Change of chief executive office / principal place of business	  	2015
				
	 Rockspring
 Development, Inc.
	 	Laurel Creek Co., Inc.	 	Merger	  	12-31-13
				
		 	Rivereagle Corp.	 	Merger	  	12-29-13
				
		 	Neweagle Coal Sales Corp.	 	Merger	  	12-31-13
				
	Rum Creek Coal Sales, Inc.	 	Vantage Mining Company	 	Merger	  	7-15-15

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
	Russell Fork Coal Company	 	15400 Bent Mountain Road, Sidney, KY 41564	 	Change of chief executive office / principal place of business	  	2015
				
	Shannon-Pocahontas Coal Corporation	 	15400 Bent Mountain Road, Sidney, KY 41564	 	Change of chief executive office / principal place of business	  	2015
				
	Shannon-Pocahontas Mining Company	 	15400 Bent Mountain Road, Sidney, KY 41564	 	Change of chief executive office / principal place of business	  	2015
				
	 Sidney Coal
 Company, Inc.
	 	 Clean Energy Mining Company
	 	t/a in KY	  	 03-07-94;
 withdrawn on

11-07-13

				
		 	 Freedom Energy Mining
 Company
	 	t/a in KY	  	 07-13-95;
 withdrawn on

12-10-13

				
		 	M3Energy Mining Co.	 	t/a in KY	  	 01-31-08;
 withdrawn on

01-23-14

				
		 	Mt. Sterling Energy Mining Co.	 	t/a in KY	  	 02-28-11;
 withdrawn on

12-10-13

				
		 	Ora Mae Coal Company	 	t/a in KY	  	 10-30-87;
 withdrawn on

12-18-13

				
		 	Pegs Branch Energy Mine	 	t/a in KY	  	 10-29-04;
 withdrawn on

12-10-13

				
		 	Clean Energy Mining Company	 	t/a	  	Withdrew on 11-07-13

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
	Sidney Coal Company, Inc.	 	Process Energy	 	t/a in KY	  	 04-11-07;
 withdrawn on

12-10-13

				
		 	Rockhouse Energy Mining Company	 	t/a in KY	  	 11-21-94;
 withdrawn on

12-10-13

				
		 	Solid Energy Mining Company	 	t/a in KY	  	 03-07-94;
 withdrawn on

12-10-13

				
	Sidney Coal Company, Inc.	 	15400 Bent Mountain Road, Sidney, KY 41564	 	Change of chief executive office / principal place of business	  	2015
				
	 Spartan Mining
 Company
	 	Big M Transport	 	t/a in WV	  	 10-21-04;
 withdrawn on

09-30-13

				
		 	Black Knight Mining Company	 	t/a in WV	  	 04-11-03;
 withdrawn on

01-02-14

				
		 	Diamond Energy Mining Company	 	t/a in WV	  	 09-28-98;
 withdrawn on

12-03-13

				
		 	Guyandotte Energy	 	t/a in WV	  	 07-14-05;
 withdrawn on

01-02-14

				
		 	Mammoth Coal Company	 	t/a in WV	  	 09-27-04;
 withdrawn on

01-20-14

				
		 	Mass Transport Company	 	t/a in WV	  	 06-22-01;
 withdrawn on

1-20-14

				
		 	Trace Transport Company	 	t/a in WV	  	01-18-02

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
		 	 Trail Mining
 Company
	 	t/a in WV	  	 07-11-01;
 withdrawn on

12-03-13

				
		 	Victory Energy Mining Company	 	t/a in WV	  	 09-24-98;
 withdrawn on

12-03-13

				
	Spartan Mining Company	 	Victory Processing Company	 	t/a in WV	  	 10-04-00;
 withdrawn on

12-03-13

				
	Sycamore Fuels, Inc.	 	 Crystal Fuels
 Company
	 	t/a in WV	  	12-23-93
				
		 	 Rockridge Coal
 Company
	 	Merger	  	12-31-13
				
	Sycamore Fuels, Inc.	 	15400 Bent Mountain Road, Sidney, KY 41564	 	Change of chief executive office / principal place of business	  	2015
				
	T.C.H. Coal Co.	 	15400 Bent Mountain Road, Sidney, KY 41564	 	Change of chief executive office / principal place of business	  	2015
				
	Thunder Mining Company II, Inc.	 	 A. T. Massey Coal
 Company, Inc. (formerly
Thunder Mining Company)
	 	Merger	  	7-15-15
				
	Tennessee Consolidated Coal Company	 	Tennessee Energy Corp.	 	Merger	  	7-15-15
				
	Virginia Energy Company, LLC (subsequently merged into Buchanan Energy Company, LLC)	 	Alpha Virginia Energy Company, LLC	 	 t/a in KY;
 t/a in VA;

t/a in WV
	  	 10-20-05;
 10-20-05;

10-21-05

				
	 White Buck Coal
 Company
	 	Coal Mining Support Company	 	t/a in WV	  	 03-07-00;
 withdrawn on

12-03-13

				
	Williams Mountain Coal Company	 	 Naoma Coal
 Company
	 	t/a in WV	  	 07-28-95;
 withdrawn on

12-03-13

							
	 Grantor
	 	 Name of entity / previous address
	 	 Description of Change
	  	 Date of change

				
	Wyomac Coal Company, Inc.	 	15400 Bent Mountain Road, Sidney, KY 41564	 	Change of chief executive office / principal place of business	  	2015
				
		 	Piney Creek Coal Company	 	t/a	  	Filed – 12-10-91; withdrew - 12-3-13

 SCHEDULE 5.2 

TO PLEDGE AND SECURITY AGREEMENT 

COLLATERAL IDENTIFICATION 
  

	I.	INVESTMENT RELATED PROPERTY 

 (A) 

Pledged Stock: 
  

													
	Grantor	  	Stock
Issuer	  	Class of
Stock	  	Certificated
(Y/N)	  	Stock
Certificate
No.	  	Par Value	  	No. of
Pledged
Stock
		  		  		  		  		  		  	

 Pledged LLC Interests: 
  

									
	Grantor	  	Limited Liability Company	  	 Certificated

(Y/N)
	  	 Certificate

No. (if any)
	  	 No. of

Pledged

Units

		  		  		  		  	

 Pledged Partnership Interests: 
  

									
	Grantor	  	Partnership	  	 Type of

Partnership
 Interests
(e.g.,
 general or

limited)
	  	 Certificated

(Y/N)
	  	 Certificate No.

(if any)

		  		  		  		  	

 Trust Interests or other Equity Interests not listed above: 

Pledged Debt: 
  

											
	Grantor	  	Issuer	  	Original
Principal
Amount	  	Outstanding
Principal
Balance	  	Issue Date	  	Maturity Date
		  		  		  		  		  	

 Securities Account: 
 Deposit
Accounts: 
  

							
	Grantor	  	 Name of Depositary

Bank
	  	Account Number	  	Account Name
		  		  		  	

 Commodity Contracts and Commodities Accounts: 
  

							
	Grantor	  	Name of Commodities
Intermediary	  	Account Number	  	Account Name
		  		  		  	

							
	Grantor	  	Name of Commodities
Intermediary	  	Account Number	  	Account Name
		  		  		  	

  

	II.	INTELLECTUAL PROPERTY 

  

	(A)	Copyrights 

  

	(B)	Copyright Licenses 

  

	(C)	Patents 

  

	(D)	Patent Licenses 

  

	(E)	Trademarks 

  

	(F)	Trademark Licenses 

  

	(G)	Trade Secret Licenses 

  

	III.	COMMERCIAL TORT CLAIMS 

  

	IV.	LETTER OF CREDIT RIGHTS 

  

	V.	WAREHOUSEMAN, BAILEES AND OTHER THIRD PARTIES IN POSSESSION OF COLLATERAL 

  

					
	 Grantor
	  	 Description of Property
	  	 Name and Address of Third Party

		  		  	

  

	VI.	MATERIAL LEASES 

  

					
	 Property
	  	 Lessor
	  	 Description of Property

		  		  	

 SCHEDULE 5.5 

TO PLEDGE AND SECURITY AGREEMENT 
  

	(A)	Government Receivables 

  

	(B)	Equipment and Inventory 

  

							
	Debtor/Grantor	  	Description	  	Address/City/State/Zip Code	  	County
		  		  		  	
		  		  		  	
		  		  		  	

  
 SCHEDULE 5.5-1 

 SCHEDULE 6.9 

TO PLEDGE AND SECURITY AGREEMENT 
 Separately
delivered to Agent. 

  
 SCHEDULE 6.9-1 

 EXHIBIT A 

TO PLEDGE AND SECURITY AGREEMENT 

PLEDGE SUPPLEMENT 
 This
PLEDGE SUPPLEMENT, dated [mm/dd/yy], is delivered by [NAME OF GRANTOR] a [NAME OF STATE OF INCORPORATION] [Corporation] (the “Grantor”) pursuant to the Debtor-in-Possession Pledge and Security and
Intercreditor Agreement, dated as of August 6, 2015 (as it may be from time to time amended, restated, modified or supplemented, the “Security Agreement”), among Alpha Natural Resources, Inc., the other Grantors named therein
and Citibank, N.A., as the Term Agent, Term LC Agent and Bonding LC Agent. Capitalized terms used herein not otherwise defined herein shall have the meanings ascribed thereto in the Security Agreement. 

Grantor hereby confirms the grants to set forth in the Security Agreement of, and does hereby grant a security interest in all of
Grantor’s right, title and interest in and to all Collateral to secure the Secured Obligations, in each case, whether now or hereafter existing or in which Grantor now has or hereafter acquires an interest and wherever the same may be located.
Grantor represents and warrants that the attached Supplements to Schedules accurately and completely set forth all additional information required to be provided pursuant to the Security Agreement and hereby agrees that such Supplements to Schedules
shall constitute part of the Schedules to the Security Agreement. 
 THIS AGREEMENT AND THE OTHER FIRST OUT LOAN DOCUMENTS AND SECOND OUT
LOAN DOCUMENTS (OTHER THAN LETTERS OF CREDIT AND AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) SHALL BE (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OF THE SECURITY INTEREST)
CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK AND (TO THE EXTENT APPLICABLE) THE BANKRUPTCY CODE). 

The Agents acknowledge that the rights relating to, and relative priorities of, the Liens granted hereunder shall be subject in all respects
to the intercreditor provisions set forth in the Security Agreement. In the event of any conflict with the terms of this Pledge Supplement and such provisions in the Security Agreement, the Security Agreement shall govern and control 

IN WITNESS WHEREOF, Grantor has caused this Pledge Supplement to be duly executed and delivered by its duly authorized officer as of
[mm/dd/yy]. 
  

			
	[NAME OF GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

 SUPPLEMENT TO SCHEDULE 5.1 

TO PLEDGE AND SECURITY AGREEMENT 
 Additional
Information: 
 GENERAL INFORMATION 
  

	(A)	Full Legal Name, Type of Organization, Jurisdiction of Organization, Chief Executive Office/Sole Place of Business (or Residence if Grantor is a Natural Person) and Organizational Identification Number of each Grantor:

  

									
	 Full Legal Name
	  	 Type of

Organization
	  	 Jurisdiction of Organization
	  	 Chief Executive Office/Sole
Place of Business2
	  	 Organization

I.D.#

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

  

	(B)	Other Names (including any Trade Name or Fictitious Business Name) under which each Grantor currently conducts business: 

  

			
	 Full Legal Name
	  	 Trade Name or Fictitious Business Name

		  	
	  
	  	  

  

	(C)	Changes in Name, Jurisdiction of Organization, Chief Executive Office or Sole Place of Business (or Principal Residence if Grantor is a Natural Person) and Corporate Structure since August 6, 2010:

  

					
	 Grantor
	  	 Date of Change
	  	 Description of Change

		  		  	
	  
	  	  
	  	  

 (D) Agreements pursuant to which any Grantor is bound as debtor since August 6, 2010: 

 

			
	 Grantor
	  	 Description of Agreement

		  	
	  
	  	  

  

	2 	Or Residence if Grantor is a Natural Person. 

 SUPPLEMENT TO SCHEDULE 5.2 

TO PLEDGE AND SECURITY AGREEMENT 
 COLLATERAL
IDENTIFICATION 
 I. INVESTMENT RELATED PROPERTY 
  

	(A)	Pledged Stock 

  

															
	Grantor	  	 Stock

Issuer
	  	 Class
of

Stock
	  	Certificated
(Y/N)	  	 Stock
Certificate

No.
	  	 Par

Value
	  	 No. of

Pledged
 Stock
	  	 Percentage

of
 Outstanding
Stock of
the
Stock Issuer

		  		  		  		  		  		  		  	

  
 Pledged LLC Interests: 

 

											
	Grantor	  	 Limited

Liability

Company
	  	 Certificated

(Y/N)
	  	 Certificate

No. (if any)
	  	 No. of

Pledged Units
	  	 Percentage of
Outstanding

LLC Interests

of the Limited
Liability

Company

		  		  		  		  		  	

 Pledged Partnership Interests: 
  

											
	Grantor	  	Partnership	  	 Type of

Partnership

Interests
(e.g.,
 general
or
 limited)
	  	 Certificated

(Y/N)
	  	 Certificate

No. (if any)
	  	Percentage of
Outstanding
Partnership
Interests of the
Partnership
		  		  		  		  		  	

 Pledged Trust Interests: 
  

											
	Grantor	  	Trust	  	 Class of
Trust

Interests
	  	 Certificated

(Y/N)
	  	 Certificate

No. (if any)
	  	 Percentage of
Outstanding

Trust Interests

of the Trust

		  		  		  		  		  	

 Pledged Debt: 
  

											
	Grantor	  	Issuer	  	 Original

Principal

Amount
	  	 Outstanding

Principal

Balance
	  	Issue Date	  	Maturity Date
		  		  		  		  		  	

 Securities Account: 
  

							
	Grantor	  	 Share of Securities

Intermediary
	  	Account Number	  	Account Name
		  		  		  	

 Deposit Accounts: 
  

							
	Grantor	 	 Name of Depositary

Bank
	 	Account Number	  	Account Name
		 		 		  	

 Commodities Accounts: 
  

							
	Grantor	 	 Name of Commodities

Intermediary
	 	Account Number	  	Account Name
		 		 		  	

 (B) 
  

					
	Grantor	 	Date of Acquisition	 	Description of Acquisition
	 	 	 	 	 

 II. INTELLECTUAL PROPERTY 
  

	 	(A)	Copyrights 

  

							
	Grantor	 	 Description of

Copyright
	 	Registration Number	  	Registration Date
		 		 		  	

  

	 	(B)	Copyright Licenses 

  

							
	Grantor	 	 Description of

Copyright License
	 	 Registration Number (if

any) of underlying

Copyright
	  	Name of Licensor
		 		 		  	

	(C)	Patents 

  

							
	Grantor	  	 Description of

Patent
	  	 Patent Number/

(Application Number)
	  	 Issue Date/(Filing

Date)

		  		  		  	

  

	(D)	Patent Licenses 

  

							
	Grantor	 	 Description of Patent

License
	 	 Registration Number of

underlying Patent
	  	Name of Licensor
		 		 		  	

  

	(E)	Trademarks 

  

							
	Grantor	 	 Description of

Trademark
	 	 Registration Number/

(Serial Number)
	  	 Registration Date/

(Filing Date)

		 		 		  	
		 		 		  	
		 		 		  	

  

	(F)	Trademark Licenses 

  

							
	Grantor	 	 Description of

Trademark License
	 	 Registration Number of

underlying Trademark
	  	Name of Licensor
		 		 		  	
		 		 		  	
		 		 		  	

  

	(G)	Trade Secret Licenses 

 III. COMMERCIAL TORT CLAIMS 

 

			
	 Grantor
	 	 Commercial Tort Claims

		 	
		 	
		 	
		 	
		 	

 IV. LETTER OF CREDIT RIGHTS 
  

			
	 Grantor
	 	 Description of Letters of Credit

		 	
		 	
		 	
		 	
		 	

 V. WAREHOUSEMAN, BAILEES AND OTHER THIRD PARTIES IN POSSESSION OF COLLATERAL 

 

					
	 Grantor
	 	 Description of Property
	 	 Name and Address of Third

Party

		 		 	

 SUPPLEMENT TO SCHEDULE 5.5 

TO PLEDGE AND SECURITY AGREEMENT 
 Additional
Information: 
  

			
	 Name of Grantor
	 	 Location of Equipment and Inventory

		 	
		 	
		 	

  
 EXHIBIT A-7 

 EXHIBIT B 

TO PLEDGE AND SECURITY AGREEMENT 

TRADEMARK SECURITY AGREEMENT3 

This Trademark Security Agreement, dated as of             ,
20     (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Trademark Security Agreement”), is made and entered into by and between [GRANTORS]
(collectively, the “Grantors”) and Citibank, N.A., as administrative agent and collateral agent for the Term Secured Parties (together with any successors and assigns thereto in such capacity, the “Term Agent”), as
administrative agent and collateral agent for the Term LC Secured Parties (together with any successors and assigns thereto in such capacity, the “Term LC Agent”), as administrative agent and collateral agent for the Bonding LC
Secured Parties (together with any successors and assigns thereto in such capacity, the “Bonding LC Agent”), and as administrative agent and collateral agent for each of the other Secured Parties from time to time under the Security
Agreement (as defined below). 
 W I T N E S S E T H: 

WHEREAS, Grantors are party to a Debtor-in-Possession Pledge and Security and Intercreditor Agreement dated as of August 6, 2015 (as it
may be amended, restated, supplemented or otherwise modified from time to time, the “Security Agreement”), among Alpha Natural Resources, Inc., the other Grantors named therein and the Agents, pursuant to which the Grantors are
required to execute and deliver this Trademark Security Agreement; 
 NOW, THEREFORE, in consideration of the premises and to induce the
Secured Parties to enter into the First Out Credit Agreement and, if applicable, Second Out Credit Agreement, the Grantors hereby agree with each Agent, as follows: 

SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Security Agreement and used herein have the meaning
given to them in the Security Agreement. 
 SECTION 2. Grant of Security Interest in Secured Trademarks. 

2.1 Grant of Security. Each Grantor hereby grants to each Agent, for the benefit of the Secured Parties a security interest in and
continuing lien on all of such Grantor’s right, title and interest in, to and under the following, in each case whether now owned or existing or hereafter acquired or created by Grantor and wherever located (collectively, the “Secured
Trademarks”): 
 all United States, and foreign trademarks, trade names, trade dress, corporate names, company names, business
names, fictitious business names, Internet domain names, service marks, certification marks, collective marks, slogans, logos, other source or business identifiers, designs and general intangibles of a like nature, whether or not registered, and
with respect to any and all of the foregoing: (i) all registrations and applications for any of the foregoing including, but not limited to, the registrations and applications referred to on Schedule A hereto, (ii) all extensions or
renewals of, and amendments to, any of the foregoing, (iii) all of the goodwill of the business connected with the use of and symbolized by the foregoing, (iv) the right to sue for past, present and future infringement or dilution of any
of the foregoing or for any injury to goodwill of the foregoing, (v) all Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit, and (vi) all other rights
of any kind accruing thereunder or pertaining thereto throughout the world (collectively, “Trademarks”). 
 2.2 Certain
Limited Exclusions. Notwithstanding anything herein to the contrary, in no event shall the Secured Trademarks include or the security interests granted under Section 2.01 hereof attach to any intent-to-use application for trademark or
service mark registration filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. §1051, prior to the filing under Section 1(c) or Section 1(d) of the Lanham Act of a “Statement of Use” or an “Amendment to
Allege Use” with respect thereto, solely to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein prior to such filing would impair the validity or enforceability of any registration
that issues from such intent-to-use trademark or service mark application under applicable federal law. 
  

	3 	May be conformed to account for any Revolving Agent or Second Out Agent 

  
 EXHIBIT B-1 

 SECTION 3. Security Agreement. The security interests granted pursuant to this Trademark
Security Agreement are granted in conjunction with the security interest granted to each Secured Party pursuant to the Security Agreement, and the Grantors hereby acknowledge and affirm that the rights and remedies of the Agents with respect to the
security interests in the Secured Trademarks made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any
provision of this Trademark Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control. 

SECTION 4. Applicable Law. This Trademark Security Agreement and the rights and obligations of the parties hereunder shall be governed
by, and shall be construed and enforced in accordance with, the laws of the State of New York, without regard to its conflicts of law provisions (other than Section 5-1401 and Section 5-1402 of the New York General Obligation Laws). 

SECTION 5. Counterparts. This Trademark Security Agreement may be executed in any number of counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 

SECTION 6. Intercreditor. The Agents acknowledge that the rights relating to, and relative priorities of, the Liens granted hereunder
shall be subject in all respects to the intercreditor provisions set forth in the Security Agreement. In the event of any conflict with the terms of this Trademark Security Agreement and such provisions in the Security Agreement, the Security
Agreement shall govern and control. 
 [Remainder of page intentionally left blank] 

  
 EXHIBIT B-2 

 IN WITNESS WHEREOF, each Grantor has caused this Trademark Security Agreement to be executed and
delivered by its duly authorized officer as of the date first set forth above. 
  

			
	[GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

  
 EXHIBIT B-3 

			
	 Accepted and Agreed:
 Citibank,
N.A.,
 as Term Agent, Term LC Agent and Bonding LC Agent

		
	By:	 	  

		 	Name:
		 	Title:

  
 EXHIBIT B-4 

 SCHEDULE A 

TRADEMARK SECURITY AGREEMENT 
  

	I.	U.S. REGISTERED TRADEMARKS 

  

											
	Trademark	  	Country	  	 Registration

Number (Serial
Number)
	  	 Registration

Date (Filing
Date)
	  	 Record

Owner/Liens
	  	Status/Comment
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	

  

	II.	U.S. TRADEMARK APPLICATIONS 

  
 EXHIBIT B-5 

 EXHIBIT C 

TO PLEDGE AND SECURITY AGREEMENT 

COPYRIGHT SECURITY AGREEMENT4 

This Copyright Security Agreement, dated as of             ,
20     (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Copyright Security Agreement”), is made and entered into by and between [GRANTORS]
(collectively, the “Grantors”) and Citibank, N.A., as administrative agent and collateral agent for the Term Secured Parties (together with any successors and assigns thereto in such capacity, the “Term Agent”), as
administrative agent and collateral agent for the Term LC Secured Parties (together with any successors and assigns thereto in such capacity, the “Term LC Agent”), as administrative agent and collateral agent for the Bonding LC
Secured Parties (together with any successors and assigns thereto in such capacity, the “Bonding LC Agent”), and as administrative agent and collateral agent for each of the other Secured Parties from time to time under the Security
Agreement (as defined below). 
 W I T N E S S E T H: 

WHEREAS, Grantors are party to a Debtor-in-Possession Pledge and Security and Intercreditor Agreement dated as of August 6, 2015 (as it
may be amended, restated, supplemented or otherwise modified from time to time, the “Security Agreement”), among Alpha Natural Resources, Inc., the other Grantors named therein and the Agents, pursuant to which the Grantors are
required to execute and deliver this Copyright Security Agreement; 
 NOW, THEREFORE, in consideration of the premises and to induce the
Secured Parties to enter into the First Out Credit Agreement and, if applicable, Second Out Credit Agreement, the Grantors hereby agree with each Agent, as follows: 

SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Security Agreement and used herein have the meaning
given to them in the Security Agreement. 
 SECTION 2. Grant of Security Interest in Secured Copyrights. Each Grantor hereby grants
to each Agent, for the benefit of the Secured Parties a security interest in and continuing lien on all of such Grantor’s right, title and interest in, to and under the following, in each case whether now owned or existing or hereafter acquired
or created by Grantor and wherever located (collectively, the “Secured Copyrights”): 
 (a) all United States, and foreign
copyrights (including Community designs), including but not limited to copyrights in software and all rights in and to databases, and all Mask Works (as defined under 17 U.S.C. 901 of the U.S. Copyright Act), whether registered or unregistered and
whether or not the underlying works of authorship have been published, moral rights, reversionary interests, termination rights, and, with respect to any and all of the foregoing: (i) all registrations and applications therefor including,
without limitation, the registrations and applications referred to on Schedule A hereto, (ii) all extensions and renewals thereof and amendments thereto, (iii) the rights to sue or otherwise recover for past, present and future
infringements thereof, and (iv) all Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages and proceeds of suit now or hereafter due and/or payable with respect thereto, and
(v) all other rights of any kind accruing thereunder or pertaining thereto throughout the world (collectively, “Copyrights”); and 

(b) any and all agreements, licenses and covenants (whether or not in writing) providing for the granting of any right in or to any Copyright
or otherwise providing for a covenant not to sue with respect to any Copyright (whether such Grantor is licensee or licensor thereunder) including, without limitation, those referred to on Schedule A hereto. 

 

	4 	May be conformed to account for any Revolving Agent or Second Out Agent 

  
 EXHIBIT C-1 

 SECTION 3. Security Agreement. The security interests granted pursuant to this Copyright
Security Agreement are granted in conjunction with the security interests granted to the Secured Parties pursuant to the Security Agreement, and the Grantors hereby acknowledge and affirm that the rights and remedies of the Agents with respect to
the security interests in the Secured Copyrights made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any
provision of this Copyright Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control. 

SECTION 4. Applicable Law. This Copyright Security Agreement and the rights and obligations of the parties hereunder shall be governed
by, and shall be construed and enforced in accordance with, the laws of the State of New York, without regard to its conflicts of law provisions (other than Section 5-1401 and Section 5-1402 of the New York General Obligation Laws). 

SECTION 5. Counterparts. This Copyright Security Agreement may be executed in any number of counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 

SECTION 6. Intercreditor. The Agents acknowledge that the rights relating to, and relative priorities of, the Liens granted hereunder
shall be subject in all respects to the intercreditor provisions set forth in the Security Agreement. In the event of any conflict with the terms of this Copyright Security Agreement and such provisions in the Security Agreement, the Security
Agreement shall govern and control. 
 [Remainder of page intentionally left blank] 

  
 EXHIBIT C-2 

 IN WITNESS WHEREOF, each Grantor has caused this Copyright Security Agreement to be executed and
delivered by its duly authorized officer as of the date first set forth above. 
  

			
	[GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

  
 EXHIBIT C-3 

			
	 Accepted and Agreed:
 Citibank,
N.A.,

	 as Term Agent, Term LC Agent and Bonding LC Agent

		
	By:	 	  

		 	Name:
		 	Title:

  
 EXHIBIT C-4 

 SCHEDULE A 

COPYRIGHT SECURITY AGREEMENT 
  

	I.	U.S. REGISTERED COPYRIGHTS 

  

											
	Copyright	  	Country	  	Reg. No.	  	Reg. Date	  	 Record

Owner/Liens
	  	Status/Comment
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	

  

	II.	U.S. COPYRIGHT APPLICATIONS 

  

	III.	EXCLUSIVE COPYRIGHT LICENSES 

  
 EXHIBIT C-5 

 EXHIBIT D 

TO PLEDGE AND SECURITY AGREEMENT 

PATENT SECURITY AGREEMENT5 

This Patent Security Agreement, dated as of             ,
20     (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Patent Security Agreement”), is made and entered into by and between [GRANTORS]
(collectively, the “Grantors”) and Citibank, N.A., as administrative agent and collateral agent for the Term Secured Parties (together with any successors and assigns thereto in such capacity, the “Term Agent”), as
administrative agent and collateral agent for the Term LC Secured Parties (together with any successors and assigns thereto in such capacity, the “Term LC Agent”), as administrative agent and collateral agent for the Bonding LC
Secured Parties (together with any successors and assigns thereto in such capacity, the “Bonding LC Agent”), and as administrative agent and collateral agent for each of the other Secured Parties from time to time under the Security
Agreement (as defined below). 
 W I T N E S S E T H: 

WHEREAS, Grantors are party to a Debtor-in-Possession Pledge and Security and Intercreditor Agreement dated as of August 6, 2015 (as it
may be amended, restated, supplemented or otherwise modified from time to time, the “Security Agreement”), among Alpha Natural Resources, Inc., the other Grantors named therein and the Agents, pursuant to which the Grantors are
required to execute and deliver this Patent Security Agreement; 
 NOW, THEREFORE, in consideration of the premises and to induce the
Secured Parties to enter into the First Out Credit Agreement and, if applicable, Second Out Credit Agreement, the Grantors hereby agree with each Agent, as follows: 

SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Security Agreement and used herein have the meaning
given to them in the Security Agreement. 
 SECTION 2. Grant of Security Interest in Secured Patents. Each Grantor hereby grants to
the each Agent, for the benefit of the Secured Parties a security interest in and continuing lien on all of such Grantor’s right, title and interest in, to and under the following, in each case whether now owned or existing or hereafter
acquired or created by Grantor and wherever located (collectively, the “Secured Patents”): 
 all United States and foreign
patents and certificates of invention, inventions or similar industrial property rights, and applications for any of the foregoing, including, but not limited to: (i) each patent and patent application referred to on Schedule A hereto,
(ii) all reissues, divisions, continuations, continuations-in-part, extensions, renewals, and reexaminations thereof and amendments thereto, (iii) all improvements thereto and inventions claimed therein, (iv) all rights to sue or
otherwise recover for past, present and future infringements thereof, (v) all Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit now or hereafter due and/or
payable with respect thereto, and (vi) all other rights of any kind accruing thereunder or pertaining thereto throughout the world (collectively, “Patents”). 

 

	5 	May be conformed to account for any Revolving Agent or Second Out Agent 

  
 EXHIBIT D-1 

 SECTION 3. Security Agreement. The security interests granted pursuant to this Patent
Security Agreement is granted in conjunction with the security interests granted to the Agents pursuant to the Security Agreement, and the Grantors hereby acknowledge and affirm that the rights and remedies of the Agents with respect to the security
interests in the Secured Patents made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this
Patent Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control. 

SECTION 4. Applicable Law. This Patent Security Agreement and the rights and obligations of the parties hereunder shall be governed by,
and shall be construed and enforced in accordance with, the laws of the State of New York, without regard to its conflicts of law provisions (other than Section 5-1401 and Section 5-1402 of the New York General Obligation Laws). 

SECTION 5. Counterparts. This Patent Security Agreement may be executed in any number of counterparts, each of which when so executed
and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 
 SECTION
6. Intercreditor. The Agents acknowledge that the rights relating to, and relative priorities of, the Liens granted hereunder shall be subject in all respects to the intercreditor provisions set forth in the Security Agreement. In the event
of any conflict with the terms of this Patent Security Agreement and such provisions in the Security Agreement, the Security Agreement shall govern and control. 

[Remainder of page intentionally left blank] 

  
 EXHIBIT D-2 

 IN WITNESS WHEREOF, each Grantor has caused this Patent Security Agreement to be executed and
delivered by its duly authorized officer as of the date first set forth above. 
  

			
	[GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

  
 EXHIBIT D-3 

			
	 Accepted and Agreed:
 Citibank,
N.A.,

	 as Term Agent, Term LC Agent and Bonding LC Agent

		
	By:	 	  

		 	Name:
		 	Title:

  
 EXHIBIT D-4 

 SCHEDULE A 

PATENT SECURITY AGREEMENT 
  

	I.	U.S. ISSUED PATENTS 

  

											
	Patent	  	Country	  	 Patent Number

(Application
 Number)
	  	 Issue Date

(Filing Date)
	  	 Record

Owner/Liens
	  	Status/Comment
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	

  

	 	II.	U.S. PATENT APPLICATIONS 

  
 EXHIBIT D-5EX-10.1

 Exhibit 10.1 

255 STATE STREET 

BOSTON, MASSACHUSETTS 

LEASE 
 by and between 

255 STATE STREET, LLC 
 as Landlord

 and 
 TOKAI PHARMACEUTICALS,
INC. 
 as Tenant 
 dated as of

 May 29, 2015 

 255 STATE STREET 

LEASE 
 Table of
Contents 
  

							
	 ARTICLE 1 Reference Data
	  	 	1	  
			
	 1.1
	  	 Subject Referred To
	  	 	1	  
	 1.2
	  	 Exhibits
	  	 	2	  
	 1.3
	  	 Definitions
	  	 	3	  
		
	 ARTICLE 2 Premises and Term
	  	 	6	  
			
	 2.1
	  	 Premises
	  	 	6	  
	 2.2
	  	 Term
	  	 	8	  
		
	 ARTICLE 3 Condition of Premises; Tenant’s Work
	  	 	8	  
			
	 3.1
	  	 Condition of Premises
	  	 	8	  
	 3.2
	  	 Landlord’s Work
	  	 	8	  
	 3.3
	  	 Plans and Specifications
	  	 	8	  
	 3.4
	  	 Performance of TIW; Tenant’s Contractor
	  	 	10	  
	 3.5
	  	 Mechanic’s Liens
	  	 	11	  
		
	 ARTICLE 4 Rent
	  	 	11	  
			
	 4.1
	  	 Payment of Rent: Fixed Rent
	  	 	11	  
	 4.2
	  	 Additional Rent
	  	 	12	  
	 4.2.1
	  	 Real Estate Taxes
	  	 	12	  
	 4.2.2
	  	 Personal Property Taxes
	  	 	13	  
	 4.2.3
	  	 Operating Costs
	  	 	13	  
	 4.2.4
	  	 Insurance
	  	 	17	  
	 4.2.5
	  	 Utilities
	  	 	18	  
	 4.3
	  	 Late Payment of Rent
	  	 	19	  
		
	 ARTICLE 5 Landlord’s Covenants
	  	 	19	  
			
	 5.1
	  	 Affirmative Covenants
	  	 	19	  
	 5.1.1
	  	 Condenser Water
	  	 	19	  
	 5.1.2
	  	 Overtime HVAC
	  	 	19	  
	 5.1.3
	  	 Electricity
	  	 	19	  
	 5.1.4
	  	 Cleaning
	  	 	20	  
	 5.1.5
	  	 Water
	  	 	20	  
	 5.1.6
	  	 Passenger Elevator Service
	  	 	20	  
	 5.1.7
	  	 Security
	  	 	20	  
	 5.1.8
	  	 Repairs
	  	 	20	  
	 5.1.9
	  	 Telecommunications
	  	 	21	  
	 5.1.10
	  	 Property Insurance
	  	 	21	  
	 5.1.11
	  	 Representations of Landlord
	  	 	21	  
	 5.2
	  	 Interruption
	  	 	21	  
	 5.3
	  	 Outside Services
	  	 	22	  
	 5.4
	  	 Discontinuance of Electrical Service
	  	 	23	  

  
 (i) 

							
	 ARTICLE 6 Tenant’s Additional Covenants
	  	 	23	  
			
	 6.1
	  	 Affirmative Covenants
	  	 	23	  
	 6.1.1
	  	 Perform Obligations
	  	 	23	  
	 6.1.2
	  	 Use
	  	 	23	  
	 6.1.3
	  	 Repair and Maintenance
	  	 	24	  
	 6.1.4
	  	 Compliance with Law
	  	 	24	  
	 6.1.5
	  	 Indemnification
	  	 	25	  
	 6.1.6
	  	 Landlord’s Right to Enter
	  	 	25	  
	 6.1.7
	  	 Personal Property at Tenant’s Risk
	  	 	25	  
	 6.1.8
	  	 Payment of Landlord’s Costs of Enforcement
	  	 	26	  
	 6.1.9
	  	 Yield Up
	  	 	26	  
	 6.1.10
	  	 Rules and Regulations
	  	 	27	  
	 6.1.11
	  	 Estoppel Certificates
	  	 	27	  
	 6.1.12
	  	 Landlord’s Expenses Re Consents
	  	 	28	  
	 6.1.13
	  	 Outside Sales, etc
	  	 	28	  
	 6.1.14
	  	 Fire Extinguishers, etc
	  	 	28	  
	 6.1.15
	  	 Receipt and Delivery
	  	 	28	  
	 6.1.16
	  	 Security Measures
	  	 	28	  
	 6.2
	  	 Negative Covenants
	  	 	28	  
	 6.2.1
	  	 Assignment and Subletting
	  	 	28	  
	 6.2.2
	  	 Nuisance
	  	 	33	  
	 6.2.3
	  	 Hazardous Wastes and Materials
	  	 	33	  
	 6.2.4
	  	 Floor Load; Heavy Equipment
	  	 	34	  
	 6.2.5
	  	 Improvements, Alterations and Additions
	  	 	34	  
	 6.2.6
	  	 Abandonment
	  	 	37	  
	 6.2.7
	  	 Signs; Building Directory
	  	 	37	  
		
	 ARTICLE 7 Casualty or Taking
	  	 	37	  
			
	 7.1
	  	 Termination
	  	 	37	  
	 7.2
	  	 Restoration
	  	 	38	  
	 7.3
	  	 Award
	  	 	39	  
		
	 ARTICLE 8 Defaults
	  	 	39	  
			
	 8.1
	  	 Events of Default. If any of the following occurs:
	  	 	39	  
	 8.2
	  	 Remedies
	  	 	41	  
	 8.3
	  	 Remedies Cumulative
	  	 	42	  
	 8.4
	  	 Landlord’s Right to Cure Defaults
	  	 	42	  
	 8.5
	  	 Effect of Waivers of Default
	  	 	43	  
	 8.6
	  	 No Waiver, etc
	  	 	43	  
	 8.7
	  	 No Accord and Satisfaction
	  	 	43	  
		
	 ARTICLE 9 Rights of Mortgagees
	  	 	43	  
			
	 9.1
	  	 Rights of Mortgagees
	  	 	43	  
	 9.2
	  	 Modifications
	  	 	45	  
		
	 ARTICLE 10 [Intentionally Deleted]
	  	 	45	  
		
	 ARTICLE 11 Miscellaneous Provisions
	  	 	45	  
			
	 11.1
	  	 Notices from One Party to the Other
	  	 	45	  
	 11.2
	  	 Quiet Enjoyment
	  	 	45	  
	 11.3
	  	 Lease Not to be Recorded
	  	 	45	  

  
 (ii) 

							
	 11.4
	  	 Limitation of Landlord’s Liability
	  	 	46	  
	 11.5
	  	 Acts of God
	  	 	46	  
	 11.6
	  	 Landlord’s Default
	  	 	46	  
	 11.7
	  	 Brokerage
	  	 	47	  
	 11.8
	  	 Applicable Law and Construction
	  	 	47	  
	 11.9
	  	 Delivery
	  	 	47	  
	 11.10
	  	 Rent
	  	 	47	  
	 11.11
	  	 Certain Interpretational Rules
	  	 	48	  
	 11.12
	  	 Parties Bound
	  	 	48	  
	 11.13
	  	 Prevailing Party
	  	 	48	  
	 11.14
	  	 Back-Up Generator
	  	 	48	  
		
	 ARTICLE 12 Letter of Credit
	  	 	49	  
			
	 12.1
	  	 Letter of Credit
	  	 	49	  
	 12.2
	  	 Renewal of Letter of Credit
	  	 	49	  
	 12.3
	  	 Draws to Cure Defaults
	  	 	50	  
	 12.4
	  	 Draws to Pay Damages
	  	 	50	  
	 12.5
	  	 Return of Letter of Credit at End of Term
	  	 	50	  
		
	 ARTICLE 13 Patriot Act
	  	 	50	  
			
	 13.1
	  	 Patriot Act
	  	 	50	  

 EXHIBITS: 

 

			
	EXHIBIT A	  	Legal Description
	EXHIBIT B	  	Plan Showing the Premises
	EXHIBIT C	  	Commencement Date Agreement
	EXHIBIT D	  	Cleaning Specifications
	EXHIBIT E	  	Rules and Regulations
	EXHIBIT F	  	Standard Tenant Fit-Out Specifications for 255 State Street
	EXHIBIT G	  	[Intentionally Deleted]
	EXHIBIT H	  	Form of SNDA
	EXHIBIT I	  	Form of Letter of Credit

  
 (iii) 

 ARTICLE 1 

Reference Data 
  

	1.1	Subject Referred To. 

 Each reference in this Lease to any of the following subjects shall be construed to
incorporate the data stated for that subject in this Section 1.1. 
  

			
	Date of this Lease:	  	May 29, 2015
		
	Building:	  	The building (the “Building”) in the City of Boston being located on a parcel of land described in Exhibit A attached hereto and commonly known as 255 State Street.
		
	Property:	  	Collectively, the Building and the land on which the Building is located.
		
	Landlord:	  	255 State Street, LLC, a Delaware limited liability company
		
	Original Notice Address of Landlord:	  	 c/o Pembroke Real Estate, Inc.
 255 State
Street
 Boston, MA 02109
 Attn: Chief Financial Officer

 
 With a copy to:
  

Goulston & Storrs PC
 400 Atlantic Avenue

Boston, MA 02110
 Attn: Frank E. Litwin, Esq.

		
	Tenant:	  	Tokai Pharmaceuticals, Inc., a Delaware corporation
		
	Original Notice Address of Tenant:	  	 Tokai Pharmaceuticals, Inc.
 255 State
Street
 6th Floor

Boston, MA 02109
 Attn: Chief Financial Officer

		
	Premises:	  	A portion of the sixth (6th) floor of the Building, substantially as shown on the plans attached hereto as
Exhibit B.

  
 -1- 

			
	Rentable Area of the Premises:	  	15,981 square feet of Rentable Area.
		
	Rentable Area of the Building:	  	221,033 square feet of Rentable Area.
		
	Term:	  	The period beginning on the Commencement Date and ending on the Expiration Date, both dates inclusive.
		
	Commencement Date:	  	January 1, 2017
		
	Expiration Date:	  	July 31, 2018
		
	Annual Fixed Rent Rate and Monthly Fixed Rent Rate:	  	

  

									
	Period of Time:	  	Annual Fixed Rent Rate:	 	  	Monthly Fixed Rent Rate:	 
			
	 January 1, 2017 - July 31, 2018
	  	$	839,002.50	  	  	$	69,916.87	  

  

			
	Base Operating Costs:	  	An amount equal to the Operating Costs payable for calendar year 2017.
		
	Base Taxes:	  	An amount equal to the Taxes payable for fiscal year 2017, which commenced on July 1, 2016 and expires on June 30, 2017.
		
	Tenant’s Percentage:	  	7.23%, i.e. the ratio of the Rentable Area of the Premises to the total Rentable Area of the Building.
		
	Permitted Use:	  	First-class general business offices and no other purpose or purposes.
		
	 Commercial General
 Liability Insurance
Limits:
	  	 $3,000,000.00 per occurrence
 $5,000,000.00
general aggregate

		
	Brokers:	  	Cushman & Wakefield of Massachusetts, Inc. and NAI Hunneman
		
	Letter of Credit:	  	$69,916.87

  

	1.2	Exhibits 

 The Exhibits listed in the Table of Contents and attached hereto are incorporated in this
Lease by reference and are to be construed as a part of this Lease. 

  
 -2- 

	1.3	Definitions 

 For the purposes of this Lease, the following terms shall be as defined below or as defined
in the Section of this Lease referenced below: 
 “ADA” shall mean the Americans with Disabilities Act of 1990, 42 U.S.C. §12101 et
seq., as amended and modified from time-to-time, together with the regulations and guidelines promulgated thereunder. 
 “Additional Rent”
shall mean all sums other than Fixed Rent payable by Tenant to Landlord under this Lease, including Tenant’s Percentage of the Tax Excess, Tenant’s Percentage of the Operating Costs Excess, late charges, overtime or excess service charges,
and interest and other costs related to Tenant’s failure to perform any of its obligations under this Lease. 
 “Annual Fixed Rent
Rate” shall be as defined in Section 1.1. 
 “Base Operating Costs” shall be as defined in Section 1.1. 

“Base Taxes” shall be as defined in Section 1.1. 

“Broker” shall be the broker or brokers listed in Section 1.1. 

“Building” shall be as defined in Section 1.1. 

“Building Holidays” shall mean New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Christmas Day and such other
days which are observed from time-to-time by the Commonwealth of Massachusetts, the City of Boston, the labor unions servicing the Building, and Landlord with respect to the Building. 

“Capital Expenditures” shall be as defined in Section 4.2.3(d). 

“Commencement Date” shall be as defined in Section 1.1. 

“Condenser Water Charge” shall be as defined in Section 5.1.1. 

“Construction Documents” shall be as defined in Section 3.3(a). 

“Default Rate” shall mean a fluctuating interest rate per annum equal to the lesser of (a) 3% above the Prime Rate, or (b) the
maximum legally permitted rate. 
 “Environmental Laws” shall be as defined in Section 6.2.3. 

“Event of Default” shall be as defined in Article 8. 

“Extension Term” shall be as defined in Section 2.3(a). 

“Fair Rental Value” shall be as defined in Section 2.3(c). 

  
 -3- 

 “Fixed Rent” shall mean the fixed rent payable at the Annual Fixed Rent Rate and the Monthly
Fixed Rent Rate, respectively. 
 “Force Majeure Event” shall be as defined in Section 11.5. 

“Hazardous Materials” shall be as defined in Section 6.2.3. 

“Hazardous Materials Activities” shall be as defined in Section 6.2.3. 

“Improved Space” shall mean the Premises or the portion thereof which is improved in connection with the initial build-out of the Premises.

 “Landlord” shall be as defined in Sections 1.1 and 11.4. 

“Landlord Affiliate” shall mean any entity controlled by, controlling or under common control with Landlord. 

“Landlord’s Engineers” shall be as defined in Section 3.3(a). 

“Landlord Plan Notice” shall be as defined in Section 3.3(b). 

“Lease” shall mean this lease, as amended and in effect from time to time. 

“Lease Year” shall mean each successive twelve (12) month period during the Term, with the first such Lease Year commencing on the
Commencement Date and each successive Lease Year commencing on the next succeeding anniversary of the Commencement Date. 
 “Letter of
Credit” shall be as defined in Section 12.1. 
 “Letter of Credit Amount” shall be as defined in Section 1.1. 

“Monthly Fixed Rent Rate” shall be as defined in Section 1.1. 

“Normal Business Hours” shall mean from 8:00 a.m. to 6:00 p.m. Monday through Friday and from 9:00 a.m. to 1:00 p.m. on Saturdays, except on
Building Holidays. 
 “Operating Costs” shall be as defined in Section 4.2.3(b). 

“Operating Costs Excess” shall be as defined in Section 4.2.3(a). 

“Original Letter of Credit” shall be as defined in Section 12.1. 

“Original Notice Address of Landlord” shall be as defined in Section 1.1. 

“Original Notice Address of Tenant” shall be as defined in Section 1.1. 

“Outside Services” shall be as defined in Section 5.3. 

“Permitted Uses” shall be as defined in Section 1.1. 

  
 -4- 

 “Premises” shall be as defined in Section 1.1. 

“Prime Rate” shall mean the prime rate published (or the highest published prime rate if more than one is published) by the Wall Street
Journal (or if such publication ceases, a comparable substitute reasonably designated by Landlord). 
 “Property” shall be as defined in
Section 1.1. 
 “Rent” shall be as defined in Section 4.1(a). 

“Rentable Area” shall mean with regard to any area, the rentable area thereof as determined by Landlord from time-to-time. 

“Rentable Area of the Premises” shall be as defined in Section 1.1. 

“Rules and Regulations” shall be as defined in Section 6.1.10. 

“Security Proceeds” shall be as defined in Section 12.5. 

“Specialty Alterations” shall mean Alterations which are not standard office installations such as kitchens, executive bathrooms, raised
computer floors, computer room installations, supplemental HVAC equipment, safe deposit boxes, vaults, libraries or file rooms requiring reinforcement of floors, internal staircases, slab penetrations, conveyors, dumbwaiters, print rooms and model
shops, and other Alterations of a similar character. 
 “Successor Landlord” shall be as defined in Section 9.1(b). 

“Tax Excess” shall be as defined in Section 4.2.1(a). 

“Taxes” shall be as defined in Section 4.2.1(d). 

“Tax Year” shall mean any calendar year all or part of which occurs during the term. 

“Tenant” shall be as defined in Section 1.1. 

“Tenant’s Architect” shall be as defined in Section 3.3(a). 

“Tenant’s Percentage” shall be as defined in Section 1.1. 

“Tenant’s Work” shall be as defined in Section 3.1. 

“Term” shall be as defined in Section 1.1. 

  
 -5- 

 ARTICLE 2 

Premises and Term 
  

	2.1	Premises. 

 (a) Landlord hereby leases to Tenant and Tenant hereby leases from Landlord,
for the Term, subject to and with the benefit of the terms, covenants, conditions and provisions of this Lease, the Premises. Not included in the Premises are the roof, exterior walls, the common stairways, stairwells, elevators and elevator shafts,
and pipes, ducts, conduits, wires, and appurtenant fixtures serving exclusively or in common other parts of the Building, and if the Premises consist of less than the entire rentable area of any floor, the central core area of such floor, if any.

 (b) Tenant shall have, as an appurtenance to the Premises, rights to use in common with others, subject to reasonable rules and
regulations established from time-to-time by Landlord of which Tenant is given notice: (1) the common lobbies, hallways, stairways, loading docks and bays, and elevators of the Building; (2) common walkways necessary for access to the
Building; and (3) if the Premises consist of less than the entire rentable area of any floor, the common toilets and other common facilities in the central core area of such floor. 

(c) Landlord reserves the right from time-to-time the following rights: (1) to install, use, maintain, repair, replace and relocate for
service to the Premises and/or other parts of the Building the areas within the Premises above the dropped ceiling and below the floor for pipes, ducts, conduits, wires and appurtenant fixtures, (2) to alter or relocate any other common
facility, (3) to make any repairs and replacements to the Premises which Landlord is obligated to perform, and (4) in connection with any excavation made upon adjacent land of Landlord or others, to enter and to permit others to enter,
upon the Premises to do such work as the person causing such excavation deems necessary to preserve the walls of the Building from injury or damage and to support the same. 

(d) In connection with the exercise of the foregoing rights of access (excepting routine access such as access for providing cleaning, repair
or maintenance services, or other usual and customary services) Landlord shall provide Tenant notice pursuant to Section 6.1.6 and exercise reasonable efforts (i) to minimize interference with the usual and customary operations of the
Tenant in the Premises in accordance with the provisions of this Lease, and (ii) to cause any construction work performed in the Premises to be performed in a workmanlike manner. 

(e) As an appurtenance to the Premises, during the term, subject to the provisions of this Section 2.1(e), Tenant shall receive four
(4) parking passes for use in the Boston Harbor Garage. Tenant will pay to Landlord, as Additional Rent, the rate established by the operator of the Boston Harbor Garage from time to time for such parking passes. Notwithstanding the foregoing,
if at any time during the Term such parking passes are not available in the Boston Harbor Garage, then in lieu thereof Landlord shall provide Tenant with four (4) parking passes for use at a comparable parking garage located within a four
(4) block radius of the Building, and Tenant will pay to Landlord, as Additional Rent, the rate established by the operator of such garage from time to time for such parking passes. 

  
 -6- 

 (f) Tenant shall have, as an appurtenance to the Premises, subject to reasonable rules and
regulations established from time-to-time by Landlord and notice of which is provided to Tenant, the right to install, operate, and maintain an antenna, satellite dish or similar telecommunication equipment on the roof of the Building, together with
lines and cables connecting such equipment in the existing risers of the Building (collectively, the “Rooftop Equipment”). All Rooftop Equipment (including, the size, location, weight and manner of attachment thereof) and any penetrations
of, or changes, alterations or other improvements on or to the roof of the Building, shall be subject to the prior approval of Landlord in each instance, such approval not to be unreasonably withheld. Tenant shall be solely and exclusively
responsible for all costs, expenses and charges, of every kind, of installing, operating, maintaining, repairing, replacing, and removing the Rooftop Equipment and Landlord shall have no liability or obligation in connection therewith. If, in the
reasonable judgment of Landlord, any electrical, electromagnetic, radio frequency or other interference shall result from the operation of any of the Rooftop Equipment, and such interference has not been corrected to the reasonable satisfaction of
Landlord within thirty (30) days after notice thereof to Tenant (which notice shall be accompanied by a reasonably detailed technical analysis as to the basis of Landlord’s judgment), then Landlord may require that Tenant immediately
remove from the specific item of equipment causing such interference. Tenant shall, at its sole cost and expense, and at its sole risk, install, operate and maintain the Rooftop Equipment in a good and workmanlike manner, and in compliance with all
electric, communication, and safety codes, ordinances, standards, regulations and requirements, now in effect or hereafter promulgated, including those established by the Federal Communications Commission (the “FCC”), the Federal Aviation
Administration (“FAA”) or any successor agency of either the FCC or FAA, the City of Boston, and the rules and regulations adopted in FCC document OET 65 (which rules and regulations have also been adopted by OSHA). Landlord shall not be
liable to Tenant for any stoppages or shortages of electrical power furnished to the Rooftop Equipment or to the roof area as a result of any act, omission or requirement of the public utility serving the Building, or the act or omission of any
other tenant, invitee or licensee or their respective agents, employees or contractors, or for any other Force Majeure Event. Neither Landlord nor its agents shall have any responsibility or liability for the conduct or safety of any of
Tenant’s representatives, repair, maintenance and engineering personnel while in or on any part of the roof area. Tenant shall have no right of access to the roof of the Building unless Tenant has given Landlord reasonable advance notice and
unless Tenant’s representatives are accompanied by a representative of Landlord. Landlord will make a representative available to Tenant (i) during Ordinary Business Hours upon reasonable advance notice and (ii) during emergencies, as
soon as practicable (taking into account the circumstances) after receipt of a request from Tenant. At the expiration or prior termination of this Lease, Tenant shall remove all of the Rooftop Equipment (including all cables and conduits

  
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installed in connection therewith) and shall be responsible for the cost of repairing any damage to the Building caused by the installation or the removal of the Rooftop Equipment. Landlord shall
have the right, upon thirty (30) days notice to Tenant, relocate the Rooftop Equipment to another area on the roof of the Building equally suitable for Tenant’s use. In such event, Landlord may, at its sole cost and expense, relocate the
Rooftop Equipment. 
  

	2.2	Term. The Term shall begin on the Commencement Date and shall continue to the Expiration Date, unless sooner terminated as hereinafter provided. Without limiting the effectiveness of such dates, upon request of
either party, Landlord and Tenant shall execute and deliver a Commencement Date Agreement, in the form attached hereto as Exhibit C, confirming the Commencement Date and the Expiration Date. 

ARTICLE 3 
 Condition of
Premises; Tenant’s Work 
  

	3.1	Condition of Premises. Landlord shall deliver possession of the Premises to Tenant on the Commencement Date free of all tenants and occupants and otherwise in compliance with this Lease. Tenant has inspected the
Premises and agrees (a) to accept possession of the Premises in the condition existing as of the Commencement Date, in “as is” condition, (b) that neither Landlord nor any of Landlord’s agents have made any representations
or warranties with respect to the Premises or the Building, and (c) Landlord has no obligation to perform any work, supply any materials, incur any expense or make any alterations, additions or improvements to the Premises to prepare the
Premises for Tenant’s use and occupancy. Tenant shall, at its own cost and expense, in accordance with and subject to the terms and provisions of this Lease, perform or cause to be performed any and all work necessary to prepare the Premises
for Tenant’s initial occupancy (“Tenant’s Work”). The Building is equipped with telecommunications systems for RCN and Verizon. Landlord shall provide Tenant and/or Tenant’s telecommunications companies with the access to
the existing conduits and chases of the Building for the installation and operation of Tenant’s telecommunication systems, including but not limited to voice, video, data and other telecommunications services; provided, however, that any such
access, installation and operation shall be subject to Landlord’s prior approval in each case, which approval will not be unreasonably withheld, conditioned or delayed. Tenant’s occupancy of any part of the Premises shall be conclusive
evidence, that Tenant has accepted possession of the Premises in its then-current condition, and that at the time such possession was taken, the Premises and the Building were in a good and satisfactory condition as required by this Lease.

  

	3.2	Landlord’s Work. [Intentionally Deleted] 

  

	3.3	Plans and Specifications. (a) If Tenant elects, in its sole discretion, to perform any Tenant’s Work, then Tenant shall prepare, at the sole cost and expense of Tenant, and furnish to Landlord for its
approval, architectural, mechanical, 

  
 -8- 

	 	
electrical, plumbing, fire protection and structural engineering schematic design documents, design development documents and final construction documents for the Tenant’s Work (such
documentation and the constituent items thereof are referred to herein collectively and respectively as the “Proposed Documents”; and the Proposed Documents, after approval by Landlord are referred to herein as the “Construction
Documents”). Tenant will submit to Landlord and Landlord’s architect (i) four (4) sets of paper versions of the Construction Documents, and (ii) electronic versions of the Construction Documents in AutoCad (dwg) format
prepared by Tenant’s Architect. The Tenant’s Work shall be performed in accordance with the Construction Documents and the “Standard Tenant Fit-Out Specifications for 255 State Street” attached hereto as Exhibit F and
incorporated herein by this reference (as the same may be updated, amended, modified and supplemented by Landlord from time-to-time, the “Standard Tenant Fit-Out Specifications”). There shall be no requirement for Tenant to use any
particular building standard materials or items; however, the Tenant’s Work shall be first-class in all respects and shall be consistent with and complementary to the first-class standards of the Building. Tenant shall cause Tenant’s
Architect to perform all architectural services typically and reasonably required under typical construction contracts for similar leasehold improvements. Such services shall include, without limitation, all certifications typically and reasonably
required to be provided by the architect for similar leasehold improvements. Tenant shall be solely responsible for the cost of all architectural and engineering services required for the Tenant’s Work. The Construction Documents for
Tenant’s Work shall comply with all applicable laws, ordinances and regulations (including, without limitation, the applicable requirements of the Americans with Disabilities Act of 1990, as amended from time to time, and the regulations
promulgated thereunder (collectively, the “ADA”)) and shall be in a form satisfactory to appropriate governmental authorities responsible for issuing the permits, approvals and licenses required for construction of Tenant’s Work.
Tenant’s interior furnishings (i.e., specifications, coordination, supply and installation of furniture, furnishings, telephone and moveable equipment and security systems and equipment) will be the responsibility of Tenant. Tenant will be
responsible for obtaining all permits and approvals for the Tenant’s Work, including, without limitation, a building permit and all applicable electrical and plumbing permits from the City of Boston Department of Inspectional Services.

 (b) All requests for amendments, changes, change orders, or alterations to the Construction Documents (each, a “Change
Order”) shall require Landlord’s approval, which approval shall not be unreasonably withheld or conditioned and shall be given within the timeframe set forth below (it being understood that any denial shall state Landlord’s objections
with specificity so that they may be addressed by Tenant). Landlord’s approval process for a requested Change Order will also include review of Tenant’s fire protection design by Factory Mutual Global representing Landlord’s insurance
underwriter. Landlord will give Tenant notice (a “Landlord Plan Notice”) of any objections it may have with respect to any requested Change Order within five (5) business days after receipt by Landlord and Landlord’s Architect of
four (4) sets of paper versions of the 

  
 -9- 

 
applicable Construction Documents affected by such Change Order and an electronic version of such Construction Documents. Landlord shall not be deemed unreasonable for withholding approval of any
such Change Order which (i) involve or are reasonably anticipated to affect any structural or exterior element of the Building or any portion thereof, (ii) are anticipated to, in Landlord’s reasonable opinion, materially adversely
affect the value of the Building or any portion thereof, (iii) are reasonably anticipated to materially adversely affect the proper functioning of the building systems or other facilities, (iv) will materially increase the cost of
construction or insurance on the Building or any portion thereof, or may materially increase the Operating Costs or Taxes, or (v) do not incorporate any changes requested by Factory Mutual Global and contained in the Landlord Plan Notice.
Concurrently with its review of proposed Change Orders, Landlord will notify Tenant as to which of the proposed installations and improvements shown on the applicable Change Order constitute Specialty Alterations (as defined in Section 1.3)
which Tenant will be required to remove at the expiration of the Term. 
 (c) Tenant shall cause the Change Order and any affected
Construction Documents to be revised in a manner sufficient to remedy Landlord’s objections and/or respond to Landlord’s concerns and to be redelivered to Landlord as soon as reasonably possible after Tenant is given a Landlord Plan
Notice. Tenant shall exercise diligent efforts to revise the applicable Construction Documents to address the objections contained in each Landlord Plan Notice. 

(d) Landlord’s approval of any plans and specifications with respect to Tenant’s Work furnished to and approved by Landlord, or of
any changes thereto, shall in no way be deemed an agreement by Landlord that the work contemplated therein fulfills the requirements of Section 3.3(a) hereof. Tenant shall be responsible for the design of the Tenant’s Work. 

 

	3.4	Performance of TIW; Tenant’s Contractor. Tenant agrees to employ for the Tenant’s Work a responsible general contractor approved by Landlord, which general contractor shall (1) employ and hire
subcontractors who employ union labor to do all union trade work, (2) employ and hire subcontractors who employ labor which will work without interference with other labor working in the Building for any work that is not union trade work, and
(3) obtain and maintain the insurance required by Section 6.2.5 of this Lease. Tenant shall submit certificates evidencing such insurance coverage to Landlord prior to the commencement of the Tenant’s Work. Tenant shall obtain all
necessary governmental licenses, approvals and permits therefor and deliver to Landlord the statements and insurance certificates required hereunder and under 6.2.5 of this Lease on or before the commencement of the Tenant’s Work. Promptly
thereafter (subject to delays to the extent caused by Force Majeure Events, provided that tenant uses diligent efforts to minimize the duration and extent of the affect of such Force Majeure Event), Tenant shall commence and diligently prosecute to
completion the Tenant’s Work in accordance with the Construction Documents in a good and workmanlike manner employing materials of good quality and in 

  
 -10- 

	 	
compliance with all applicable zoning, building, fire, health and other codes, regulations, ordinances and laws. Tenant shall be responsible for all costs and expenses of performing Tenant’s
Work. The Tenant’s Work shall otherwise be performed in accordance with the applicable provisions of this Lease, including, without limitation, the provisions of Section 6.2.5; provided, however, in the event of any conflict or
inconsistency between the provisions of this Section 3.4 and Section 6.2.5 of this Lease the terms of this Section 3.4 shall govern and control. Tenant shall provide a project manager who will be the point of contact with
Landlord’s Project Manager for all matters dealing with the design and construction of the Tenant’s Work. Landlord hereby designates Tom Walsh as “Landlord’s Project Manager.” 

 

	3.5	Mechanic’s Liens. Tenant hereby indemnifies and holds harmless Landlord from and against any liabilities and/or obligations for any and all liens or encumbrances filed against the Property or any part
thereof or interest therein arising out of or resulting from the Tenant’s Work or any other work performed by Tenant under this Lease. Tenant, at its expense, shall procure the discharge of all such liens and encumbrances within ten
(10) days after the filing of any such lien or encumbrance against the Premises and/or the Property or any part thereof. If Tenant shall fail to cause any such lien or encumbrance to be discharged within such ten (10) day period, then, in
addition to any other right or remedy, Landlord may, but shall not be obligated to, discharge the same either by paying the amount claimed to be due or by deposit or bonding proceedings, and in any such event Landlord shall be entitled, if it
elects, to compel the prosecution of an action for the foreclosure of such lien and to pay the amount of the judgment in favor of the lien with interest, costs and allowances. Without limiting the foregoing, any amount so paid by Landlord, and all
costs and expenses incurred by Landlord in connection therewith, shall constitute Additional Rent under this Lease and shall be paid by Tenant to Landlord on demand. 

ARTICLE 4 
 Rent 

 

	4.1	Payment of Rent: Fixed Rent. (a) Tenant covenants and agrees to pay to Landlord, without notice or demand and without abatement, offset, deduction or counterclaim, at the Original Address of Landlord, or at
such other place or to such other person or entity as Landlord may from time-to-time direct in writing: (i) Fixed Rent at the Annual Fixed Rent Rate, in equal monthly installments at the Monthly Fixed Rent Rate (which is 1/12th of the Annual
Fixed Rent Rate), (and for any portion of a calendar month following the Commencement Date or at the end of the Term, at that rate prorated on a daily basis payable for such portion), in advance, on the first day of each calendar month during the
Term, commencing on the Commencement Date; and (ii) Additional Rent, in the amounts, at the times and in the manner set forth in this Lease. The Fixed Rent and Additional Rent payable hereunder sometimes are referred to in this Lease
collectively as the “Rent.” 

 (b) If Landlord shall give notice to Tenant that all Rent and other payments due
hereunder are to be made to Landlord by electronic funds transfers or by similar means, then Tenant shall make all such payments as shall be due after receipt of such notice by means of such electronic funds transfers or such similar means as
designated by Landlord. 

  
 -11- 

	4.2	Additional Rent. Tenant covenants and agrees to pay the following, as Additional Rent: 

  

	4.2.1	Real Estate Taxes. (a) If for any Tax Year during the Term the Taxes exceed Base Taxes then Tenant shall reimburse Landlord, as Additional Rent, for Tenant’s Percentage of such excess. The Additional
Rent payable by Tenant under the preceding two sentences is referred to herein collectively as the “Tax Excess.” Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Tax Excess, such
monthly amounts to be sufficient to provide Landlord, by the time real estate tax payments are due and payable to any governmental authority responsible for collection of same, a sum equal to the Tax Excess, as reasonably estimated by Landlord from
time-to-time on the basis of the most recent tax data available. If the total of such monthly payments for any Tax Year is greater than the actual Tax Excess for such Tax Year, then promptly after the expiration of such Tax Year and the
determination of the actual amount of Tax Excess for such Tax Year, Landlord shall pay to Tenant, or credit against the next accruing payments to be made by Tenant pursuant to this subsection 4.2.1, the difference; if the total of such payments is
less than the actual Tax Excess for such Tax Year, then Tenant shall pay the difference to Landlord not more than ten (10) days after Landlord delivers to Tenant an itemized statement of the Tax Excess. 

(b) If, after Tenant shall have made reimbursement to Landlord pursuant to this subsection 4.2.1, Landlord shall receive a refund of any
portion of Taxes paid by Tenant with respect to any Tax Year during the Term hereof, whether as a result of an abatement of such Taxes by legal proceedings, settlement or otherwise (without Landlord having any obligation to undertake any such
proceedings), Landlord shall promptly pay to Tenant, or credit against the next accruing payments to be made by Tenant pursuant to this subsection 4.2.1, the Tenant’s Percentage of the refund (less the proportional pro rata expenses, including,
without limitation, attorneys’ fees and appraisers’ fees, incurred in connection with obtaining any such refund. 
 (c) If the Term
of this Lease shall commence, or shall end (by reason of expiration of the Term or earlier termination pursuant to the provisions hereof), on any date other than the first or last day of the Tax Year, or should the Tax Year or period of assessment
of real estate taxes be changed or be more or less than one (1) year, as the case may be, then the amount of Tax Excess payable by Tenant for such year shall be appropriately apportioned on the basis of daily prorations and adjusted
accordingly. 

  
 -12- 

 (d) The term “Taxes” shall mean all ad valorem real estate and personal property taxes,
assessments, betterments and other charges and impositions (including, but not limited to, fire protection service fees and similar charges) levied, assessed or imposed at any time and from time-to-time during the Term by any governmental authority
upon or against the Property and/or any part thereof, or taxes in lieu thereof, and in the case of personal property taxes, those taxes payable with respect to personal property located at and used in connection with the maintenance and operation of
the Property. “Taxes” shall also include all taxes and payments assessed, levied, imposed or otherwise payable in lieu of the foregoing, all costs and expenses (including reasonable attorneys fees) incurred in contesting any of the
foregoing, and all other additional types of taxes assessments, levies, impositions, fees and charges however described or imposed upon the Property and/or the Landlord with respect to the Property. If, at any time during the term of this Lease, any
tax or excise on rents or other taxes, however described, are levied or assessed against Landlord with respect to the Rent reserved hereunder and/or the ownership of the Property, either wholly or partially in substitution for, or in addition to, ad
valorem real estate taxes assessed or levied on the Property and/or any part thereof, such tax or excise on rents shall be included in Taxes; provided however, Taxes shall not include franchise, estate, inheritance, succession, capital levy,
transfer, net income or excess profits taxes assessed on Landlord. Taxes shall include any estimated payment made by Landlord on account of a fiscal tax period for which the actual and final amount of taxes for such period has not been determined by
the governmental authority as of the date of any such estimated payment. 
  

	4.2.2	Personal Property Taxes. Tenant shall pay all taxes, assessments, betterments and other charges and impositions charged, assessed or imposed upon the personal property, fixtures and equipment of Tenant in or upon
the Premises prior to the due date thereof. 

  

	4.2.3	Operating Costs. (a) If for any calendar year during the Term the Operating Costs exceed the Base Operating Costs, then Tenant shall reimburse Landlord, as Additional Rent, for Tenant’s Percentage of
such excess (such amount being hereinafter referred to as the “Operating Costs Excess”). Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Operating Costs Excess, in monthly amounts
reasonably estimated by Landlord from time-to-time to be sufficient to provide Landlord, by the end of the calendar year, a sum equal to the Operating Costs Excess for such calendar year. If, at the expiration of any respective calendar year the
total of such monthly payments made by Tenant is greater than the actual Operating Costs Excess for such year, then promptly after the expiration of such calendar year and the determination of the actual amount of Operating Costs Excess, Landlord
shall pay to Tenant or credit against the next accruing payments to be made by Tenant pursuant to this subsection 4.2.3, the difference; if the total of such payments is less than the Operating Costs Excess for such year, then Tenant shall pay the
difference to Landlord within not more than thirty (30) days after the date Landlord furnishes to Tenant an itemized statement of the Operating Costs Excess. Landlord shall 

  
 -13- 

	 	
deliver the annual statement of actual Operating Costs Excess not later than one hundred eighty (180) days after the expiration of the respective calendar year. Any reimbursement for
Operating Costs due and payable by Tenant with respect to periods of less than twelve (12) months shall be equitably prorated. 

(b) The term “Operating Costs” shall mean all costs or expenses of every kind and nature paid or incurred by Landlord in connection
with the operation, cleaning, management, maintenance, repair and upkeep of the Property, including, without limitation, all costs of maintaining and repairing the Property (including snow removal, security, operation and repair of heating and
air-conditioning equipment, elevators, lighting and any other building equipment or systems) and of all repairs and replacements (other than repairs or replacements for which Landlord has received full reimbursement from contractors, other tenants
of the Building or from others) required or desirable in order to keep the Property in good working order, repair, appearance and condition; all costs, including material and equipment costs, for cleaning and janitorial services to the Building
(including window cleaning of the Building); all premiums and costs of insurance carried by Landlord relating to the Property; all costs related to provision of heat (including oil, electric, steam and/or gas), air-conditioning, ventilation, and
water (including sewer charges) and other utilities to the Building (exclusive of reimbursement to Landlord for any of same received as a result of direct billing to any tenant); payments under all service contracts relating to the foregoing; all
compensation, fringe benefits, payroll taxes and worker’s compensation insurance premiums related thereto with respect to any employees (but not above the grade of general manager) of Landlord or its affiliates or manager engaged in security
and maintenance of the Property; attorneys’ fees and disbursements (exclusive of any such fees and disbursements incurred in tax abatement proceedings or the preparation of leases or disputes with tenants) and auditing and other professional
fees and expenses; shuttle services; management fees not in excess of 3% of gross rent receipts for the Building for the applicable year; fire protection service fees and similar governmental charges not included in Taxes; and the portion fairly
allocable to the Property of any and all of the foregoing costs incurred with regard to the operation, maintenance and repair of any facilities shared by the Property with any other properties. 

(c) There shall not be included in such Operating Costs the following: (1) brokerage fees (including rental fees) related to the operation
of the Building; (2) interest and depreciation charges incurred on the Property; (3) expenditures made by Tenant with respect to (a) cleaning, maintenance and upkeep of the Premises, or (b) the provision of electricity to the
Premises; (4) any ground lease rent; (5) costs of leasing space, including advertising and leasing commissions; (6) costs of services provided by affiliates of Landlord (other than the management fees set forth above) to the extent
such costs exceed market competitive costs for such services for owner managed buildings; (7) Capital Expenditures (as hereinafter defined) which are required in order to cause the Building to comply with Requirements that are effective and
applied to the Building (whether through adoption, promulgation, application, interpretation or otherwise) as of the date of 

  
 -14- 

 
this Lease and rent for items which if purchased, rather than rented, would not be includable in Operating Expenses pursuant to Section 4.2.3(d); (8) bad debt expenses and payments of
principal, interest or mortgage charges, or other costs of financing or refinancing or brokerage commissions, or the costs of selling, syndicating, financing, mortgaging or hypothecating Landlord’s interest in the Property, or the costs of
defending any lawsuits with mortgagees; (9) the cost of repairs or other work caused by any insured casualty or the exercise of the right of eminent domain, to the extent the Landlord is reimbursed by insurance awards, rebates or condemnation
proceeds; (10) leasing commissions, brokerage fees, legal fees, advertising costs and disbursements and other expenses incurred in connection with negotiations or disputes with other tenants or occupants, or prospective tenants or occupants;
(11) the costs of renovating or otherwise improving, decorating, painting or redecorating premises for other tenants or other occupants of the Building; (12) any fines or penalties incurred by Landlord as a result of a violation by
Landlord of applicable laws or governmental rule or authority; (13) costs of installing sculpture, paintings or other objects of art in common areas, except to the extent required to maintain the Building in first-class condition;
(14) wages, salaries or other compensation paid to any executive employees above the grade of general manager, except that if any such employee performs a service which would have been performed by an outside consultant, the compensation paid
to such employee for performing such service shall be included in Operating Costs; (15) costs or fees relating to the defense of the title or interest of Landlord in the Property; (16) income, excess profits, franchise taxes or other taxes
assessed on the income of the Landlord from the Property; (17) costs of maintaining the legal entity constituting the Landlord; (18) costs of the charitable or political contributions of the Landlord; (19) costs incurred by Landlord
to the extent that Landlord is reimbursed by third parties; (20) third-party management fees in excess of the percentage set forth in Section 4.2.3(b) and management fees paid or charged by affiliates of Landlord in excess of 3% of gross
rent receipts; or (21) fines, penalties or interest to the extent caused by the negligence or willful misconduct of Landlord or its agents or employees. 

(d) If, during the Term of this Lease, Landlord shall replace any capital items or make any capital expenditures for the Property
(collectively, “Capital Expenditures”), then the “annual charge-off” of such Capital Expenditure shall be included in Operating Costs for each calendar year in which such Capital Expenditure is made, and for each subsequent
calendar year only if (i) the Capital Expenditure is reasonably intended to effect savings in Operating Costs, or (ii) is made to comply with a Requirement which becomes effective (whether through adoption, promulgation, application,
interpretation, or otherwise) after the date of this Lease. The “annual charge-off” shall be determined by (i) dividing the original cost of the Capital Expenditure by the number of years of useful life thereof (which useful life
shall be determined by Landlord in accordance with generally accepted accounting principles and practices in effect at the time of acquisition of the capital item or making of a capital expenditure); and (ii) adding to such quotient an interest
factor computed on the unamortized balance of such Capital Expenditure based upon an interest rate reasonably determined by 

  
 -15- 

 
Landlord as being the interest rate then being charged for long-term mortgages by institutional lenders on similar properties within the locality in which the Building is located; provided,
however, if Landlord reasonably concludes on the basis of engineering estimates that such Capital Expenditure will effect savings in Operating Costs and that such annual projected savings will exceed the annual charge-off of such Capital Expenditure
computed as aforesaid, then the annual charge-off shall be determined by (i) dividing the original cost of such Capital Expenditure by the number of years over which the projected amount of such savings shall fully amortize the cost of such
Capital Expenditure; and (ii) by adding the interest factor, as aforesaid. 
 (e) If during all or any portion of any year for which
Operating Costs are being computed, less than 95% of the rentable area of the Building is occupied by tenants, or Landlord does not furnish any particular item(s) of work or service (which would otherwise constitute an Operating Cost) to any
leasable areas of the Building, then for purposes of calculating Operating Costs for such year, the actual Operating Costs incurred for such year or portion thereof shall be reasonably extrapolated by Landlord to be the estimated Operating Costs
that would have been incurred if 95% of the rentable area of the Building had been occupied by tenants and such item(s) of work and services were being supplied to tenants occupying 95% of the rentable area of the Building, and for the purposes of
this Section 4.2.3, such extrapolated amount shall be deemed to be the Operating Costs for such year or portion thereof. 
 (f) Each
statement of Operating Costs delivered to Tenant shall constitute an account stated between Landlord and Tenant and shall be conclusively binding upon Tenant, unless Tenant (i) pays to Landlord when due the amount set forth in such statement,
without prejudice to Tenant’s right to dispute such statement, and (ii) within one hundred eighty (180) days after such statement is sent, sends a written notice to Landlord objecting to such statement and specifying the reasons
therefor, in which event, upon request, Tenant may, at its sole cost and expense, audit the books and records pertaining to the Operating Costs for the subject year. Said audit shall be performed either (i) at a mutually satisfactory time at
Landlord’s offices in Boston, Massachusetts, or (ii) after physical or electronic delivery to Tenant of the relevant documents. Tenant agrees that Tenant will not employ, in connection with any such audit or any dispute under this Lease,
any person or entity who is to be compensated in whole or in part, on a contingency fee basis. In connection with any such audit, Tenant, such accountants and all consultants and agents of Tenant shall keep all information confidential and shall
execute and deliver to Landlord a commercially reasonable and mutually acceptable confidentiality agreement, whereby such parties agree not to disclose to any third party any of the information obtained in connection with such audit. Tenant shall
pay the fees and expenses relating to such audit, unless it is conclusively determined that Landlord overstated Operating Costs by more than 5% for such year, in which event Landlord shall reimburse Tenant for the reasonable out-of-pocket costs
incurred by Tenant in such audit. 

  
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	4.2.4	Insurance. Tenant shall, at its cost and expense, obtain and maintain throughout the Term, the following insurance protecting Landlord and all Landlord Affiliates, as requested by Landlord from time-to-time:

  

	 	4.2.4.1	Commercial general liability insurance, in the broadest and most comprehensive form generally available from time-to-time, naming Tenant as insured, and Landlord, Landlord’s managing agent, the Landlord Affiliates
(of which Tenant has been given notice), and any mortgagee of which Tenant has been given notice as additional insureds, and indemnifying the parties so named on an occurrence basis against all claims and demands for death or any injury to persons
or damage to property which may be claimed to have occurred on the Premises (or the Property, insofar as used by customers, employees, servants or invitees of the Tenant), in amounts which shall, at the beginning of the Term, be at least equal to
the limits set forth in Section 1.1, and, which, from time to time during the Term, shall be for such higher limits, if any, as Landlord determines in its reasonable discretion as are customarily carried in the area in which the Premises are
located on property similar to the Premises and used for similar purposes. 

  

	 	4.2.4.2	Insurance against loss or damage by fire, and such other risks and hazards as are insurable under then available standard forms of “all risk” property insurance policies with extended coverage, insuring all of
Tenant’s furniture, furnishings, fixtures, and equipment, for the full insurable value thereof or replacement cost value thereof, having a deductible amount, if any, of not greater than $25,000.00 per annum; 

 

	 	4.2.4.3	During the performance of any Alterations (including the Tenant’s Work), until completion thereof, builder’s risk insurance on an “all risk” basis and on a completed value form, for full replacement
value covering the interests of Landlord and Tenant (and their respective contractors and subcontractors), any superior mortgagee and any superior lessor in all work incorporated in the Building and all materials and equipment in or about the
Premises; 

  

	 	4.2.4.4	Workers’ compensation insurance, in amounts and with coverages as required by law; 

  

	 	4.2.4.5	Business interruption insurance, which may be included within a blanket limit covering multiple office locations including the Premises, in commercially reasonable amounts; and 

 

	 	4.2.4.6	Such other insurance, in such amounts and with such coverages as Landlord may reasonably require from time to time, provided that such coverages are consistent with coverages then customarily being required by other
landlords of comparable buildings in Boston, Massachusetts. 

  
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	 	4.2.4.7	All such policies shall be obtained from insurance companies with A.M. Best ratings of “A-” or better, Class VIII or larger, and with S&P ratings of “AA” or better. All such insurance companies
shall be qualified to do business and in good standing in the Commonwealth of Massachusetts. All such insurance companies and the amount of insurance allocated thereto shall be subject to Landlord’s approval, which approval shall not be
unreasonably withheld. Tenant agrees to furnish Landlord with certificates evidencing all such insurance prior to the beginning of the Term hereof and evidencing renewal thereof at least thirty (30) days prior to the expiration of any such
policy. Each such policy shall be non-cancelable with respect to the interest of Landlord without at least ten (10) days prior written notice thereto. In the event provision for any such insurance is to be by a blanket insurance policy, the
policy shall allocate a specific and sufficient amount of coverage to the Premises. 

  

	 	4.2.4.8	All insurance which is carried by either party with respect to the Building, the Premises or furniture, furnishings, fixtures, or equipment therein or alterations or improvements thereto, whether or not required, shall
include provisions which either designate the other party as one of the insured or deny to the insurer acquisition by subrogation of rights of recovery against the other party to the extent such rights have been waived by the insured party prior to
occurrence of loss or injury. In the event that extra premium is payable by either party as a result of this provision, the other party shall reimburse the party paying such premium the amount of such extra premium. If at the request of one party,
this non-subrogation provision is waived, then the obligation of reimbursement shall cease for such period of time as such waiver shall be effective, but nothing contained in this subsection shall derogate from or otherwise affect releases elsewhere
herein contained of either party for claims. Each party shall be entitled to have certificates of any policies containing such provisions. Each party hereby waives all rights of recovery against the other for loss or injury against which the waiving
party is protected by insurance containing such provisions, reserving, however, any rights with respect to any excess of loss or injury over the amount covered by such insurance. Tenant shall not acquire as insured under any insurance carried by or
on behalf of the Landlord with respect to the Premises any right to participate in the adjustment of loss or to receive insurance proceeds and agrees upon request promptly to endorse and deliver to Landlord any checks or other instruments in payment
of loss in which Tenant is named as payee. 

  

	4.2.5	Utilities. Tenant shall pay to Landlord, as Additional Rent, the Condenser Water Charge for condenser water supplied by Landlord pursuant to Section 5.1.1, the Overtime HVAC Charge for the Overtime HVAC
service provided by Landlord pursuant to Section 5.1.2, and all charges for electricity supplied by Landlord to the Premises, if any (which may include electricity for ventilation and cooling, including reheat coils, fan boxes, compressors and
refrigerating units serving the Premises). Tenant shall also pay, to the appropriate third party, all charges for 

  
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telephone and other utilities or services not supplied by Landlord pursuant to Sections 5.1, whether designated as a charge, tax, assessment, fee or otherwise, all such charges to be paid as the
same from time to time become due. Except as otherwise provided in Article 5, it is understood and agreed that Tenant shall make its own arrangements for the installation or provision of all such utilities and that Landlord shall be under no
obligation to furnish any utilities to the Premises and shall not be liable for any interruption or failure in the supply of any such utilities to the Premises. 

  

	4.3	Late Payment of Rent. If Tenant shall fail to pay any installment of Rent more than two (2) days after the date that such Rent was due, and if on a prior occasion in the twelve (12) month period
immediately preceding such date Tenant also failed to pay any installment of Rent more than two (2) days after the date that such Rent was due, then in addition to the outstanding amounts, Tenant shall pay Landlord a late payment fee equal to
5% percent of the overdue payment. 

 ARTICLE 5 

Landlord’s Covenants 
  

	5.1	Affirmative Covenants. Landlord covenants with Tenant: 

  

	5.1.1	Condenser Water. To furnish condenser water and a condenser water connection to the heat pump and related equipment currently installed by Tenant in the Premises. Tenant shall pay to Landlord the “Condenser
Water Charge.” The “Condenser Water Charge” is currently $650.00 per ton per annum and is subject to increase by Landlord from time to time. 

  

	5.1.2	Overtime HVAC. To furnish heating, ventilation and cooling services both during Normal Business Hours and upon notice from Tenant as provided below, at times other than during Normal Business Hours
(“Overtime HVAC Services”). For Overtime HVAC Services Tenant shall pay to Landlord the “Overtime HVAC Charge.” The “Overtime HVAC Charge” is currently $80.00 per hour per floor and is subject to increase by Landlord
from time to time. Overtime HVAC Services shall be provided for a minimum of two (2) hours and Tenant shall submit a request to Landlord not less than twenty four (24) hours prior to the commencement of said Overtime HVAC Services, which
request may be made via telephone or email to the Building manager. 

  

	5.1.3	Electricity. To furnish electrical service to the Premises. Tenant shall contract directly with the electricity company furnishing electric service to the Building for electric service to the Premises. Landlord
has installed a separate meter in the Premises to measure Tenant’s consumption of electricity. Tenant shall pay all amounts payable to the utility company, on a timely basis, and in all events prior to the due date thereof. Landlord shall
maintain the meter in good working order and repair. If Tenant fails to pay such charges on a timely basis, then Landlord may pay such charges directly to the utility company and Tenant shall reimburse Landlord as additional rent for all amounts
expended by Landlord in connection 

  
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therewith within ten (10) days after receipt of a bill therefor. Tenant shall at all times comply with the rules and regulations of the utility company supplying electricity to the Building.
Tenant shall not use any electrical equipment which, in Landlord’s reasonable judgment, would exceed the capacity of the electrical equipment serving the Premises. 

 

	5.1.4	Cleaning. To provide cleaning to the Premises (excluding any portions thereof used for the storage, preparation, service or consumption of food) and the common areas of the Building substantially in accordance
with the Cleaning Specifications attached hereto as Exhibit D and incorporated herein by this reference. Notwithstanding the foregoing, Tenant, at Tenant’s expense, shall cause any portions of the Premises used for the storage,
preparation, service or consumption of food or beverages to be cleaned daily in a manner reasonably satisfactory to Landlord, and to be treated against infestation by vermin, roaches or rodents, on a regular basis. Without limiting the foregoing,
except as set forth above, in no event shall any portion of the Premises (other than a kitchenette area) be used for the storage, preparation, service or consumption of food or beverages. 

 

	5.1.5	Water. To furnish water to the Premises for ordinary cleaning, lavatory and toilet facilities. 

  

	5.1.6	Passenger Elevator Service. To furnish passenger elevator service from the lobby to the Premises. 

  

	5.1.7	Security and Access. To furnish at least one (1) attendant in the Building during Normal Business Hours, and a card access control system for access to the Building and Premises after Normal Business Hours,
including, without limitation, elevator access cards if needed for elevator access to floors. Tenant understands that except as expressly set forth in this Section 5.1.7, Landlord will not provide Tenant with any security guards or alarm or
security systems of any kind or nature. Notwithstanding the foregoing, in no event shall Landlord have any liability or obligation to Tenant arising from any claims for loss, injury or damage to persons or property in connection therewith. Subject
to reasonable security measures and Force Majeure Events, or when precluded by casualties or eminent domain events, Tenant and its employees shall have access to the Building and Premises twenty-four (24) hours per day, seven (7) days per
week, three-hundred-sixty-five (365) days per year during the Term. 

  

	5.1.8	Repairs. Except as otherwise expressly provided herein, to make such repairs and replacements to the roof, exterior walls, exterior windows, floor slabs and other structural components of the Building, and to the
common areas, facilities and plumbing, electrical, heating, ventilating and air-conditioning systems of the Building (including without limitation such base building electrical, heating, ventilating and air-conditioning systems that serve the
Building and the Premises) as may be necessary to keep them in good repair and condition (exclusive of equipment installed by Tenant and except for those repairs required to be made by Tenant pursuant to Section 6.1.3 hereof, and repairs or
replacements occasioned by any negligence of Tenant, its servants, agents, customers, contractors, employees, invitees, or licensees). 

  
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	5.1.9	Telecommunications. To permit Tenant, at its sole cost and expense, to install in a riser location (or locations) designated by Landlord in its reasonable discretion, its telecommunications lines, cables and
equipment (“Tenant’s Telecommunications Equipment”). Except with respect to Tenant’s Telecommunications Equipment installed as part of the Tenant’s Work, which shall be subject to prior approval by Landlord pursuant to
Section 3.3, the capacity, size, location and dimensions of such risers and of each element of the Tenant’s Telecommunications Equipment shall be subject to Landlord’s approval, which approval will not be unreasonably withheld,
conditioned or delayed. Tenant’s Telecommunications Equipment shall be considered to be an Alteration for all purposes under this Lease, and shall comply with the provisions of Section 6.2.5 and all of the other provisions of this Lease.
Tenant shall remove the Tenant’s Communication Equipment upon the expiration or earlier termination of this Lease. 

  

	5.1.10	Property Insurance. To maintain throughout the Term, as the same may be extended pursuant to section 2.3 of this Lease, property insurance insuring the Building against loss or damage by fire and other perils
covered under so-called “all risk,” vandalism, malicious mischief coverage, boiler and machinery coverage and such other insurable hazards and contingencies as are from time to time normally insured against by owners of comparable
first-class multi-tenant office buildings in the City of Boston, in an amount approximately equal to the full replacement cost thereof, including, without limitation, builder’s risk coverage for the Tenant’s Work (subject to such
commercially reasonable deductibles as Landlord may elect from time to time). From time to time upon the reasonable request of Tenant Landlord shall deliver to Tenant certificates evidencing all such insurance. All policies of insurance maintained
by Landlord shall contain the same waiver of subrogation provisions for the benefit of Tenant as Tenant is required to obtain in its insurance policies for the benefit of Landlord. 

 

	5.1.11	Representations of Landlord. Landlord represents and warrants to Tenant as follows: (i) Landlord is the fee simple and record owner of the Property and the Building, and has the full right, power and
authority to execute, deliver and perform its obligations under this Lease and has obtained all consents and taken all actions necessary in connection therewith; (ii) there are no mortgages or ground leases affecting the Property and/or the
Building or any portion thereof, except the mortgage granted to Bank of America, N.A.; and (iii) the person executing this Lease on behalf of Landlord is authorized to do so. 

 

	5.2	Interruption. Except as otherwise expressly provided below in this Section 5.2, Landlord shall have no responsibilities, obligations, or liabilities for any failure or interruption of any of the
above-described services, or for any failure or inability to make any repairs or replacements, if such failure, interruption or inability arises out of or results from emergencies, breakage, accidents, strikes, repairs, inability 

  
 -21- 

	 	
to obtain supplies, labor or materials, or any other causes beyond the reasonable control of the Landlord. Without limiting the foregoing, in no event shall Landlord ever be liable to Tenant for
any lost profits, or for any indirect or consequential damages. No failure or omission on the part of the Landlord to furnish any of the services described in Section 5.1 shall be construed as an eviction of Tenant, actual or constructive, nor
entitle Tenant to an abatement or reduction of, or offset against, Rent, nor render the Landlord liable in damages, nor release Tenant from prompt fulfillment of any of its obligations and covenants under this Lease. 

Notwithstanding anything to the contrary contained in this Lease, if Tenant is unable despite its good faith commercially diligent efforts to
use the Premises for the ordinary conduct of Tenant’s business due solely to (a) an interruption of an Essential Service (as hereinafter defined) which Landlord is required to provide hereunder, or (b) Landlord’s breach of an
obligation under this Lease to perform repairs or replacements which results in Landlord’s failure to provide an Essential Service, in each case other than as a result of casualty or condemnation and subject to the provisions of
Section 11.5, and such condition continues for a period of longer than ten (10) consecutive business days after Tenant furnishes a notice to Landlord (the “Abatement Notice”) identifying the condition and Essential Service which
has been interrupted and stating that Tenant’s inability to use the Premises is solely due to such condition, provided that (i) Tenant does not actually use or occupy the Premises during such ten (10) consecutive Business Day period,
(it being understood that entry by Tenant’s employees solely to retrieve files, data, laptops and other equipment shall not be deemed occupancy hereunder), and (ii) such condition has not resulted from the negligence or misconduct of
Tenant or any Tenant Party, then Fixed Rent payable on account of the Premises shall be abated on a pro rata per diem basis for the period (the “Abatement Period”) commencing on the eleventh
(11th) Business Day after Tenant delivers the Abatement Notice to Landlord and ending on the earlier of (x) the date Tenant reoccupies the Premises, or (y) the date on which such
condition is substantially remedied. “Essential Service” shall mean the following services, but only to the extent that Landlord is required to provide such services to Tenant pursuant to the terms of this Lease and if not provided the
absence of such service shall materially and adversely affect the use of the Premises for the ordinary conduct of Tenant’s business: HVAC service; electrical service; passenger elevator service; and water and sewer service. The foregoing rent
abatement shall be the sole and exclusive remedy of Tenant on account of an interruption or lack of an Essential Service for ten (10) consecutive business days or longer after notice from Tenant as set forth in this Section 5.2, and
Landlord shall have no further liabilities or obligations to Tenant on account thereof. 
  

	5.3	Outside Services. If Tenant wishes to obtain “Outside Services” for the Premises, i.e. services in addition to, or in excess of, the services to be provided by Landlord as set forth herein, then Tenant
shall first obtain the prior written approval of Landlord (which approval shall not be unreasonably withheld) for the installation and/or utilization of such Outside Services. For purposes of this 

  
 -22- 

	 	
Lease, “Outside Services” shall include, but shall not be limited to, cleaning services, television, so-called “canned music” services, security services, and the like. In the
event Landlord approves the installation and/or utilization of such Outside Services, such installation and utilization shall be at Tenant’s sole cost, risk and expense, and Landlord shall have no obligations or liabilities in connection
therewith. 

  

	5.4	Discontinuance of Electrical Service. Notwithstanding any provision to the contrary contained in this Article 5, Landlord reserves the right to discontinue furnishing electricity to Tenant in the Premises on not
less than sixty (60) days notice to Tenant; provided, that, either (a) Landlord discontinues furnishing electricity to tenants (including Tenant) leasing an aggregate of at least 60% of the rentable area of the Building, or
(b) Landlord is required to do so by the public utility or pursuant to applicable laws, codes, regulations, or requirements. If Landlord discontinues furnishing electricity to Tenant, then this Lease shall continue in full force and effect and
shall be unaffected thereby, except that from and after the effective date of such discontinuance, Landlord shall not be obligated to furnish electricity to Tenant hereunder. If Landlord so discontinues furnishing electricity, then Tenant shall
arrange to obtain electricity directly from a utility company serving the Building. All equipment that may be required to obtain electricity of substantially the same quantity, quality and character shall be installed by Landlord at the sole cost
and expense of (a) Landlord, if Landlord voluntarily discontinues such service, or (b) Tenant, if Landlord is compelled to discontinue such service by the public utility or pursuant to applicable laws, codes, regulations, or requirements.
Landlord shall not voluntarily discontinue furnishing electricity to Tenant until Tenant is able to receive electricity directly from a utility company servicing the Building, unless the utility company is not prepared to furnish electricity to the
Premises on the date required as a result of Tenant’s delay or negligence in arranging for service or Tenant’s refusal to provide the utility company with a deposit or other security requested by the utility company, or Tenant’s
refusal to take any other action reasonably requested by the utility company. 

 ARTICLE 6 

Tenant’s Additional Covenants 
  

	6.1	Affirmative Covenants. Tenant covenants at all times during the Term and for such additional time (prior or subsequent thereto) as Tenant occupies the Premises or any part thereof: 

 

	6.1.1	Perform Obligations. To perform promptly all of the obligations of Tenant set forth in this Lease; and to pay when due the Fixed Rent, the Additional Rent, and all other charges, rates and other sums which by the
terms of this Lease are to be paid by Tenant. 

  

	6.1.2	Use. To use the Premises only for the Permitted Uses (and for no other purpose or purposes), and to obtain and maintain at all times all licenses and permits 

  
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necessary or required therefor, at Tenant’s sole expense. Without limiting the foregoing, Tenant shall deliver to Landlord for its review, copies of all applications for all such licenses
and permits that are issued in connection with the use and occupancy of the Premises or Alterations proposed by Tenant in or to the Premises, prior to submission thereof to the applicable governmental authorities. 

 

	6.1.3	Repair and Maintenance. To maintain the Premises in first-class, good and neat order, condition and repair; to perform all routine and ordinary repairs to the Premises and to any plumbing, heating, electrical,
ventilating and air-conditioning systems located within the Premises, in order to maintain such systems in good working order, appearance and condition, in all cases reasonable use and wear thereof and damage by fire or casualty only excepted; to
keep all glass in windows and doors of the Premises (except glass in the exterior windows of the Building) whole and in good condition with glass of the same quality as that injured or broken; and to make all necessary repairs to the Premises and/or
the Property arising out of or resulting from misuse or damage by, or neglect or improper conduct of, Tenant or Tenant’s servants, employees, agents, invitees or licensees or otherwise, damage by fire or casualty excepted. All repairs and
replacements performed by Tenant shall be in quality and class equal to the original work. If Tenant fails to perform such obligations and the failure continues for thirty (30) days after delivery of prior notice to Tenant (except in the event
of an emergency when such notice may be delivered concurrently), then Landlord may elect, at the expense of Tenant, to perform all such cleaning and maintenance, and to make any such repairs or to repair any damage or injury to the Premises and/or
the Property caused by moving property of Tenant into or out of the Premises, or by the installation or removal of furniture or other property, or by misuse by, or neglect, or improper conduct of, Tenant or Tenant’s servants, employees, agents,
contractors, customers, patrons, invitees, or licensees. 

  

	6.1.4	Compliance with Law. To make all repairs, alterations, additions or replacements to the Premises required by any law, code, ordinance, order, or regulation of any public or governmental authority; to keep the
Premises equipped with all safety appliances so required; and to comply with the orders and regulations of all governmental authorities with respect to zoning, building, fire, health and other codes, regulations, ordinances or laws applicable to the
Premises, except that Tenant may defer compliance so long as the validity of any such law, ordinance, order or regulations shall be contested by Tenant in good faith and by appropriate legal proceedings, if Tenant first gives Landlord appropriate
assurance or security against any loss, cost or expense on account thereof; provided, however, that Tenant shall not be obligated to make any structural Alterations or Alterations to the building systems unless the need for such Alterations arises
out of or results from (i) the specific manner and nature of Tenant’s use or occupancy of the Premises, as distinguished from general office use, (ii) Alterations made by Tenant, or (iii) a breach by Tenant of any of the
provisions of this Lease. Without limiting the foregoing, within the Premises, and with respect to all means of access and egress to and from the Premises (including all entrances and doorways), Tenant shall be responsible for compliance with the
ADA. 

  
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	6.1.5	Indemnification. To the maximum extent permitted by law, to indemnify and hold harmless Landlord and all Landlord Affiliates, and to exonerate, indemnify and hold harmless Landlord and all Landlord Affiliates
from and against any and all claims, actions, proceedings, judgments, obligations, liabilities, costs, expenses (including, without limitation, reasonable attorneys’ fees), and penalties (collectively, “Claims”) asserted by or on
behalf of any person, firm, corporation or public authority (i) arising out of or resulting from any injury, death, damage or loss to any person or property in or upon the Premises and/or the Property (or any part thereof), which Claims arise
out of or result from the use or occupancy of the Premises by Tenant or by any person claiming by, through or under Tenant (including, without limitation, all contractors, agents, patrons, employees, invitees, and customers of Tenant), or
(ii) arising out of or resulting from (a) any delivery to or service supplied to the Premises other than services supplied by or on behalf of Landlord, or (b) anything whatsoever done on the Premises, excepting, in each case, only to
the extent caused by the negligence or willful misconduct of Landlord, its agents, servants or employees. Without limiting the foregoing, if any action or proceeding is brought against Landlord and/or any Landlord Affiliates by reason of any such
Claim, upon notice from Landlord and at Tenant’s expense, Tenant shall resist or defend all such actions or proceedings and employ counsel therefor reasonably satisfactory to and approved in advance by Landlord, such approval not to be
unreasonably withheld, conditioned or delayed. 

  

	6.1.6	Landlord’s Right to Enter. To permit Landlord and its agents to enter into and examine the Premises at reasonable times and to make repairs to the Premises and/or the Building, and during the last fifteen
(15) months of the Term, to show the Premises and/or the Building. Landlord shall provide reasonable prior notice of such entry (which notice may be verbal), except in the event of emergencies when no such prior notice shall be required but
notice shall be provided to Tenant as soon as reasonably practicable following such entry. Tenant shall provide Landlord with copies of keys and a means of access to Tenant’s security system as may be necessary for such entry by Landlord.

  

	6.1.7	Personal Property at Tenant’s Risk. All of the furnishings, fixtures, equipment, effects and property of every kind, nature and description of Tenant and of all persons claiming by, through or under Tenant
which, during the continuance of this Lease or any occupancy of the Premises by Tenant or anyone claiming by, through or under Tenant, may be on the Premises, shall be at the sole risk and hazard of Tenant or such other person, excepting only to the
extent such damage is caused by the negligence or misconduct of Landlord. If the whole or any part of such personal property shall be destroyed or damaged by fire, water or otherwise, or by the leakage or bursting of water pipes, steam pipes, or
other pipes, or by theft or from any other cause, then to the maximum extent permitted by law, Landlord shall have no liabilities or obligations as a result thereof and no 

  
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part of such loss or damage is to be charged to or to be borne by Landlord, excepting only to the extent such damage is caused by the negligence or misconduct of Landlord. 

 

	6.1.8	Payment of Landlord’s Costs of Enforcement. To pay on demand all reasonable expenses (including, without limitation, reasonable attorneys’ fees) incurred from time-to-time by Landlord, in enforcing any
obligation of Tenant under this Lease, or in curing any breach or default by Tenant under this Lease. 

  

	6.1.9	Yield Up. (a) To yield up and surrender possession of the Premises to Landlord at the expiration of the Term or earlier termination of this Lease; to surrender all keys to the Premises; to remove all of its
trade fixtures and personal property from the Premises; to remove all Tenant’s Telecommunications Equipment and wires and cables installed by or on behalf of Tenant; to remove such Specialty Alterations installed in the Premises after the Date
of this Lease as Landlord may request in accordance with the provisions of this Section 6.1.9 and all Tenant’s signs wherever located; to repair all damage caused by such removal and to yield up the Premises (including all installations
and improvements made by Tenant, except for trade fixtures and such of such installations or improvements as Landlord shall request Tenant to remove), broom-clean and in the same good order and repair in which Tenant is obliged to keep and maintain
the Premises by the provisions of this Lease. Any property not so removed shall be deemed abandoned and, if Landlord so elects, deemed to be Landlord’s property, and may be retained or removed and disposed of by Landlord in such manner as
Landlord shall determine. Tenant shall reimburse Landlord for the entire cost and expense incurred by it in effecting the removal and disposition of property which was required to be removed by Tenant pursuant to this Lease, and in making any
repairs and replacements to the Premises after surrender thereof by Tenant. 

 Without limiting the foregoing, concurrent with
the review of the applicable Construction Documents in connection with a Change Order or, upon request of Tenant, concurrent with the review of other plans and specifications in connection with any Alterations, Landlord will notify Tenant as to
which of the proposed installations and improvements constitute Specialty Alterations which Tenant will be required to remove at the expiration of the Term provided that Tenant shall include the following legend in capitalized and bold type
displayed prominently on the top of the first page of Tenant’s notice delivered concurrently with such plans and specifications: “IF LANDLORD FAILS TO NOTIFY TENANT AT THE TIME LANDLORD APPROVES THESE PLANS AND SPECIFICATIONS THAT ANY
ALTERATIONS SHOWN THEREON ARE SPECIALTY ALTERATIONS (AS DEFINED IN THE LEASE), LANDLORD MAY NOT REQUIRE TENANT TO REMOVE SUCH SPECIALTY ALTERATIONS AT THE END OF THE TERM OF THE LEASE.” 

(b) If the Tenant remains in the Premises beyond the expiration of the Term or earlier termination of this Lease, such holding over shall be
without right and 

  
 -26- 

 
shall not be deemed to create any tenancy, but the Tenant shall be a tenant at sufferance only at the rent set forth in this Section 6.1.9(b) and otherwise upon the terms and conditions set
forth in this Lease. If possession of the Premises (or any part thereof) is not surrendered to Landlord on the expiration or earlier termination of this Lease, then (i) Tenant shall pay to Landlord for each month (or any portion thereof) prior
to the date on which Tenant actually surrenders possession of the Premises, a sum equal to one hundred and fifty percent (150%) of the Fixed Rent, Additional Rent, and other charges payable under this Lease as of the day immediately preceding
the date of expiration or earlier termination of this Lease, and (ii) if possession of the Premises (or any part thereof) is not surrendered to Landlord by the date which is ninety (90) days after the expiration or earlier termination of
this Lease, then Tenant also shall indemnify and hold harmless Landlord from and against all damages (direct, consequential, or indirect) arising out of or resulting from such holding over. 

 

	6.1.10	Rules and Regulations. To comply with the Rules and Regulations set forth in Exhibit E, and with all reasonable Rules and Regulations as may be adopted from time-to-time by Landlord (the “Rules and
Regulations”) and of which Tenant has received notice. Landlord agrees to enforce such Rules and Regulations in a nondiscriminatory fashion, except where differing circumstances justify different treatment; however, Landlord shall not be liable
to Tenant for the failure of any other tenant(s) of the Building to comply with such Rules and Regulations. In the event of any conflict or inconsistency between the Rules and Regulations (whether included in Exhibit E or later adopted) and
the terms and conditions of this Lease, the terms and conditions of this Lease shall govern and control. 

  

	6.1.11	Estoppel Certificates. Within not more than fifteen (15) days after request by Landlord, to execute, acknowledge and deliver to Landlord an estoppel certificate in writing in the form reasonably required by
Landlord, certifying as to all or any of the following: (i) that this Lease is unmodified and in full force and effect (or, if there have been any modifications stating such modifications), (ii) whether the Term has commenced and Fixed
Rent and Additional Rent have become payable hereunder and, if so, the dates to which they have been paid, (iii) whether or not, to Tenant’s knowledge, Landlord is in default in performance of any of the terms of this Lease, and, if so,
specifying such defaults, (iv) whether Tenant has accepted possession of the Premises, (v) whether Tenant has made any claim against Landlord under this Lease and, if so, the nature thereof and the dollar amount, if any, of such claim,
(vi) whether Tenant claims any offsets or defenses against enforcement of any of the terms of this Lease, and, if so, setting them forth in reasonable detail, and (vii) such further information with respect to Lease and/or the Premises as
Landlord may reasonably request and is customary in estoppel certificates provided to landlords, buyers and/or lenders. Any such statement delivered pursuant to this subsection 6.1.11 may be relied upon by Landlord, any prospective purchaser or
mortgagee of the Premises, or any prospective assignee of such mortgage. Tenant shall also deliver to Landlord such financial information as may be reasonably required by Landlord to be provided to any mortgagee or prospective purchaser of the
Property; provided, 

  
 -27- 

	 	
however, Landlord shall exercise good faith reasonable efforts to keep such financial information confidential and, prior to the delivery of any of Tenant’s financial information to such
prospective purchasers, mortgagees or assignees of any mortgage, require such prospective purchasers, mortgagees or assignees of any mortgage to sign a commercially reasonable confidentiality agreement with respect to such confidential information.

  

	6.1.12	Landlord’s Expenses Re Consents. To reimburse Landlord promptly upon demand for all reasonable legal fees and expenses incurred by Landlord in connection with all requests made by Tenant for consents or
approvals hereunder. 

  

	6.1.13	Outside Sales, etc. Not to (i) solicit sales, place signs, place or maintain any articles in any area of the Property outside of the Premises, or in the lobbies or on the sidewalks, corridors or other common
areas of the Building, nor (ii) receive or ship articles of any kind outside the designated loading areas for the Premises, nor (iii) permit the parking of vehicles so as to interfere with the use of any driveway, corridor, footwalk,
parking area, street or other common area of the Building. 

  

	6.1.14	Fire Extinguishers, etc. To maintain automatic, non-toxic, dry chemical fire extinguishing devices approved by the Fire Insurance Rating Organization having jurisdiction over the Premises, and if gas is used in
the Premises, suitable gas cut-off devices (manual and automatic). 

  

	6.1.15	Receipt and Delivery. To receive and deliver goods and merchandise only through the loading dock designated from time to time by Landlord, during ordinary weekday business hours (except for Saturday deliveries by
overnight courier firms such as Federal Express), and to cause all messenger and small scale deliveries to be made through the Building security desk, all in accordance with Landlord’s rules and regulations therefor. Without limitation, no
“hand trucks” shall be used in the lobby areas of the Building. 

  

	6.1.16	Security Measures. To maintain order and decorum in and around all portions of the Premises, and if auxiliary security personnel shall reasonably be required to maintain such order and decorum the same shall be
provided by and at the expense of Tenant whenever requested by Landlord. 

  

	6.2	Negative Covenants. Tenant covenants and agrees, at all times during the Term and during such additional times (prior or subsequent thereto) as Tenant occupies the Premises or any part thereof: 

 

	6.2.1	 Assignment and Subletting. (a) Not to assign, transfer, mortgage or pledge this Lease or to sublease (which term shall be deemed to
include the granting of concessions and licenses and the like) all or any part of the Premises or suffer or permit this Lease or the leasehold estate hereby created or any other rights arising under this Lease to be assigned, transferred or
encumbered, in whole or in part, whether voluntarily, involuntarily or by operation of law, or permit the occupancy of the Premises by anyone other than Tenant, without the prior written consent of

  
 -28- 

	 	
Landlord in each instance. In the event Tenant desires to assign this Lease or sublet any portion or all of the Premises, Tenant shall notify Landlord in writing of Tenant’s intent to so
assign this Lease or sublet the Premises, which notice shall be accompanied by (a) with respect to an assignment of this Lease, the date Tenant desires the assignment to be effective, and (b) with respect to a sublet of all or a part of
the Premises, (i) the material business terms on which Tenant would sublet such premises, and (ii) a description of the portion of the Premises to be sublet. Each such notice shall be deemed an offer from Tenant to Landlord whereby
Landlord shall be granted the right, at Landlord’s option, (1) to suspend this Lease with respect to such space as Tenant proposes to sublease (the “Partial Space”), upon the terms and conditions hereinafter set forth, or
(2) if the proposed transaction is an assignment of this Lease or a subletting of fifty percent (50%) or more of the rentable square footage of the Premises for a sublease term that expires later than twelve (12) months prior to the
Expiration Date, to terminate this Lease with respect to the entire Premises. Such option may be exercised by notice from Landlord to Tenant within ten (10) business days after Landlord’s receipt of Tenant’s notice. If Landlord
exercises its option to terminate this Lease as to the entire Premises, or to suspend this Lease as to a Partial Space, pursuant to the foregoing provisions, then (a) this Lease shall end and expire, or be suspended, with respect to all or a
portion of the Premises, as the case may be, on the date that such assignment or sublease was to commence (as if such date were the expiration date of the Term hereof), (b) Rent shall be apportioned, paid or refunded as of such date and
Tenant’s Percentage shall be appropriately adjusted, (c) Tenant, upon Landlord’s request, shall enter into an amendment of this Lease ratifying and confirming such termination or suspension, and setting forth any appropriate
modifications to the terms and provisions hereof, (d) Landlord shall be free to lease the Premises, or the portion thereof as to which such termination or suspension shall be effective, or any part thereof, to any person or persons, including,
without limitation, to Tenant’s prospective assignee or subtenant, and (e) if the termination is only as to a Partial Space, Tenant shall be liable for all costs and expenses of segregating the Partial Space from the remaining Premises,
and for the costs of separately demising the Partial Space from the remaining Premises. If Landlord does not elect to terminate or suspend this Lease as aforesaid, then Landlord’s consent shall not be unreasonably withheld to such assignment or
subletting, provided that the following conditions are met: 

 (i) the proposed assignee or subtenant is not then, and has not
within the twelve (12) months immediately preceding such request, been a tenant in the Building or an entity with whom Landlord is dealing or has dealt within such twelve (12) month period regarding the possibility of leasing space in the
Building; 
 (ii) Tenant is not in default under this Lease beyond any applicable grace period; 

(iii) the assignee or subtenant shall use the Premises only for the Permitted Uses; and 

(iv) the form and substance of the proposed sublease or instrument of assignment is reasonably satisfactory to Landlord. 

  
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 Tenant shall furnish Landlord with any information reasonably requested by Landlord to enable Landlord to
determine whether the proposed assignment or subletting complies with the requirements contained herein, including, without limitation, financial statements relating to the proposed assignee or subtenant, which Landlord shall keep confidential. 

(b) Tenant shall, promptly after Landlord’s request therefor, reimburse Landlord, as Additional Rent, for all reasonable legal fees and
expenses incurred by Landlord in connection with any request by Tenant for such consent provided, however, with respect to each proposed sublease or assignment Tenant shall not be obligated to reimburse Landlord for more than $3,500.00 on account of
such costs and expenses, unless such sublease or assignment does not occur in the ordinary course of business (e.g. is in connection with a bankruptcy or reorganization of Tenant) or involves an amendment to this Lease or other additional
documentation (other than a customary Landlord’s consent to sublease or assignment agreement), or if Landlord provides unusual or extraordinary services in connection therewith. If Landlord consents thereto, no such subletting or assignment
shall in any way impair the continuing primary liability of Tenant hereunder, and no consent to any subletting or assignment in a particular instance shall be deemed to be a waiver of the obligation to obtain the prior written consent of Landlord
for any other subletting or assignment. If Tenant has not executed and delivered to Landlord an assignment or sublease within one hundred eighty (180) days after Landlord’s election not to terminate or suspend the Term hereof pursuant to
the provisions of Section 6.2.1(a) above, then Tenant shall submit an additional notice to Landlord, and Landlord shall again have the right to terminate the Term in the case of a proposed assignment or to suspend this Lease pro tanto for the
period and with respect to the space involved in the case of a proposed subletting, in accordance with the provisions of Section 6.2.1(a) as if Landlord’s prior election not to do so had not been made. 

(c) If Tenant shall enter into any assignment of this Lease or any sublease of all or any portion of the Premises, and in connection with any
such assignment or sublease Tenant receives rent or other consideration, either initially or over the term of the assignment or sublease, in excess of the Rent payable by Tenant hereunder, or in case of any sublease of part of the Premises in excess
of the Rent fairly allocable to such part of the Premises (after first deducting Tenant’s reasonable actual out-of-pocket costs for construction of improvements in connection with said sublease and the reasonable third-party fees and expenses
for brokerage, advertising, architectural, and legal services actually incurred by Tenant in connection with such assignment or sublease), amortized over the term of the assignment or sublease, then Tenant shall pay to Landlord, promptly after
receipt thereof, as Additional Rent, fifty percent (50%) of the excess of each such payment of rent or other consideration received by Tenant. Within sixty (60) days after Landlord’s consent to such assignment or sublease (or if
Landlord’s consent 

  
 -30- 

 
is not required hereunder, within such sixty (60) days after the date of such assignment or sublease), Tenant shall deliver to Landlord a complete list of Tenant’s reasonable
third-party brokerage fees, legal fees and architectural fees paid or to be paid in connection with such transaction, together with a list of all of Tenant’s personal property to be transferred to such assignee or sublessee. Tenant shall
deliver to Landlord evidence of the payment of such fees promptly after the same are paid. 
 (d) If Tenant is a corporation, the transfer by
one or more transfers, directly or indirectly, by operation of law or otherwise, of a majority of the stock of Tenant shall be deemed a voluntary assignment of this Lease; provided, however, that the provisions of this subsection (d) shall not
apply to the transfer of shares of stock of Tenant if and so long as the voting of stock of Tenant is publicly traded on a nationally recognized stock exchange. For purposes of this subsection (d) the term “transfers” shall be deemed
to include the issuance of new stock or of treasury stock which results in a majority of the stock of Tenant being held by a person or persons that do not hold a majority of the stock of Tenant on the date hereof. If Tenant is a partnership, the
transfer (by one or more transfers) of a majority interest in the partnership shall be deemed a voluntary assignment of this Lease. If Tenant is a limited liability company, trust, or any other legal entity, the transfer (by one or more transfers)
of a majority of the beneficial ownership interests in, or the right(s) to manage and/or direct the operations of, such entity, however characterized, shall be deemed a voluntary assignment of this Lease. 

(e) Any assignment or transfer, whether made with Landlord’s consent or without Landlord’s consent because Landlord’s consent is
not required pursuant to the applicable provisions of this Section 6.2.1, if and to the extent permitted hereunder, shall not be effective unless and until the assignee or transferee executes, acknowledges and delivers to Landlord an agreement
in form and substance satisfactory to Landlord whereby the assignee (A) assumes Tenant’s obligations under this Lease (including, without limitation, the obligation to continue to operate for the Permitted Use), and (B) agrees that,
notwithstanding such assignment or transfer, the provisions of this Section 6.2.1 shall be binding upon it with respect to all future assignments and transfers. 

(f) Notwithstanding the foregoing provisions, Landlord’s prior consent shall not be required for an assignment of this Lease in connection
with transactions with an entity which acquires all or substantially all of the assets of or ownership interests in Tenant, or into or with which Tenant is merged or consolidated so long as: (i) such entity shall agree with Landlord to be bound
by all of the obligations of Tenant hereunder; (ii) such assignment shall not relieve Tenant of any of its obligations hereunder; and (iii) such transfer was made for a legitimate independent business purpose and not for the purpose of
transferring this Lease. 
 (g) Notwithstanding the foregoing provisions, Landlord’s prior consent shall not be required for an
assignment of this Lease or a sublease of all or a portion of the Premises to an Affiliate of Tenant (but only for such period of time as such 

  
 -31- 

 
Person remains an Affiliate of Tenant), it being agreed that the subsequent transfer of control, or any other transaction(s) having the overall effect that such Person ceases to be such an
Affiliate of Tenant, shall be treated as if such transfer or transaction(s) were, for all purposes, an assignment of this Lease to a third party not an Affiliate of Tenant governed by the provisions of subsection (a). “Affiliate” shall
mean any entity (i) of which Tokai Pharmaceuticals, Inc. possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of such entity, or (ii) of which Tokai Pharmaceuticals, Inc. owns not
less than fifty percent (50%) of the ownership interests; provided, however, the subsequent sale or transfer of stock or ownership interests having the overall effect that Tokai Pharmaceuticals, Inc. no longer holds fifty percent (50%) or
more of the ownership interests of such entity shall be treated as if such sale, transfer or other transaction(s) were for all purposes, an assignment of this Lease. Any assignee or sublessee pursuant to a transaction described in
Section 6.2.1(f) or (g) shall be a “Permitted Assignee.” 
 (h) The joint and several liability of Tenant and any
successors-in-interest of Tenant and the due performance of Tenant’s obligations under this Lease shall not be discharged, released or impaired by any agreement or stipulation made by Landlord, or any grantee or assignee of Landlord, extending
the time, or modifying any of the terms and provisions of this Lease, or by any waiver or failure of Landlord, or any grantee or assignee of Landlord, to enforce any of the terms and provisions of this Lease. The listing of any name other than that
of Tenant on the doors of the Premises, the Building directory or elsewhere shall not vest any right or interest in this Lease or in the Premises, nor be deemed to constitute Landlord’s consent to any assignment or transfer of this Lease or to
any sublease of the Premises or to the use or occupancy thereof by others. Any such listing shall constitute a privilege revocable in Landlord’s discretion by notice to Tenant. 

(i) Notwithstanding the foregoing, the prior consent of Landlord shall not be required with respect to, and the provisions of
Section 6.2.1 shall not apply to, occupancy agreements entered into by Tenant with its clients and customers (“Approved Users”) for the temporary occupancy of space within the Premises, provided that (a) Tenant does not
separately demise such space and the Approved Users utilize, in common with Tenant, common entryways to the Premises as well as shared central services, such as reception, photocopying and the like; (b) the Approved Users shall not occupy, in
the aggregate, more than 20% of the Rentable Area in the Premises; (c) the Approved Users occupy space in the Premises for the Permitted Uses and for no other purpose; and (d) if requested by Landlord, Tenant notifies Landlord, in writing,
of the identity of any such Approved Users prior to occupancy of the Premises by such Approved Users. If any Approved Users occupy any portion of the Premises as described herein, (i) the Approved Users shall comply with all provisions of this
Lease, and a default by any Approved User shall be deemed a default by Tenant under this Lease; (ii) all notices required to be provided by Landlord under this Lease shall be forwarded only to Tenant in accordance with the terms of this Lease
and in no 

  
 -32- 

 
event shall Landlord be required to send any notices to any Approved Users; (iii) in no event shall any use or occupancy of any portion of the Premises by any Approved User release or
relieve Tenant from any of its obligations under this Lease; (iv) the Approved Users shall be deemed to be contractors of Tenant for purposes of Tenant’s indemnification obligations set forth in this Lease; and (v) in no event shall
the occupancy of any portion of the Premises by Approved Users be deemed to create a landlord/tenant relationship between Landlord and such Approved Users, and, in all instances, Tenant shall be considered the sole tenant under this Lease
notwithstanding the occupancy of any portion of the Premises by the Approved Users. 
  

	6.2.2	Nuisance. Not to permit or cause any offensive odors or vibrations to be emitted from the Premises. Not to injure, deface or otherwise harm the Premises or the Property (or any part thereof), nor to commit any
nuisance; nor permit in the Premises any vending machine (except as used for the sale of merchandise to employees and guests of Tenant) or kerosene, gasoline, or inflammable or combustible or explosive fluid or chemical substance (other than limited
quantities of such materials or substances reasonably necessary for the operation or maintenance of office equipment or limited quantities of cleaning fluids and solvents required in Tenant’s normal operations in the Premises); nor permit any
cooking to such extent as requires special exhaust venting or in violation of the Rules and Regulations; nor permit the emission of any objectionable noise or odor; nor permit use of any telecommunications or other equipment which interferes with
the use and enjoyment by any other tenant of the Building of its demised premises; nor make, allow or suffer any waste; nor make any use of the Premises which is improper, offensive or contrary to any law or ordinance or which will invalidate any of
Landlord’s insurance or cause any increase above normal insurance premiums on the Building; nor conduct any auction, fire, “going out of business” or bankruptcy sales. 

 

	6.2.3	 Hazardous Wastes and Materials. Not to (i) cause or permit any Hazardous Materials to be used, handled, generated, stored or disposed of
on, under or above, or transported to or from, the Premises, and/or (ii) cause or permit any of the employees, agents, contractors, licensees, customers, or invitees of Tenant to use, handle, generate, store, or dispose of on, under, or above,
or transport to or from, any other portion of the Property (collectively, “Hazardous Materials Activities”). Nothing contained herein shall be deemed to prevent Tenant from using de minimus quantities of commercially available cleaners and
office supplies which are customarily used in the ordinary course of first-class business office operations, which cleaners and/or office supplies contain Hazardous Materials; provided that, Tenant shall use such cleaners and/or office supplies in
strict compliance (at Tenant’s sole cost and expense) with all applicable laws, and shall use all necessary and appropriate precautions to prevent any spill, discharge, release or exposure to persons or property. Landlord shall not be liable to
Tenant for any loss, cost, expense, claim, damage or liability arising out of any Hazardous Materials Activities by Tenant, or by Tenant’s employees, agents, contractors, licensees, customers or invitees, whether or not consented to by

  
 -33- 

	 	
Landlord. Tenant shall indemnify, defend with counsel acceptable to and approved by Landlord, and hold Landlord and all Landlord Affiliates harmless from and against any and all losses, costs,
expenses (including, without limitation, all reasonable attorneys fees), claims, damages, obligations and liabilities arising out of: (i) any Hazardous Materials Activities on the Premises first occurring after the Commencement Date, whether or
not consented to by Landlord; (ii) any Hazardous Materials Activities by Tenant, Tenant’s employees, agents, contractors, licensees, customers or invitees or anyone claiming by, through or under Tenant, wherever occurring; and
(iii) any contamination, claim of contamination, loss or damage, or the like arising out of or resulting from the foregoing. For purposes hereof, “Hazardous Materials” shall include but not be limited to substances defined as
“hazardous substances,” “toxic substances” or “hazardous wastes” or “oil” in any local, state or federal law, rule, regulation or ordinance (collectively, “Environmental Law(s)”). If Landlord
consents to any Hazardous Materials Activities, prior to using, storing or maintaining any Hazardous Materials on or about the Premises, Tenant shall provide Landlord with a list of the types and quantities thereof, and shall update such list from
time-to-time as necessary for continued accuracy. Tenant shall also provide Landlord with a copy of any Hazardous Materials inventory statement and any updates thereof required by any applicable Environmental Laws. If Tenant’s activities
violate or create a risk of violation of any Environmental Law or cause a spill, discharge, release or exposure to any persons or property, Tenant shall cease such activities immediately. Tenant shall immediately notify Landlord both by telephone
and in writing of any spill, discharge, release or exposure of Hazardous Materials in or about the Premises, or of any condition in or about the Premises constituting an “imminent hazard” under any Environmental Laws. Landlord,
Landlord’s representatives and employees may enter the Premises during the Term to inspect Tenant’s compliance herewith, and may disclose any spill, discharge, release, or exposure or any violation of any Environmental Laws to any
applicable governmental agencies or authorities. 

  

	6.2.4	Floor Load; Heavy Equipment. Not to place a load upon any floor of the Premises exceeding the floor load per square foot area which Landlord reasonably determines the floor is adequate to carry, and in no event,
in excess of that allowed by law. Landlord reserves the right to reasonably prescribe the weight and position of all heavy business machines and equipment, including safes, which shall be placed so as to distribute the weight. Business machines and
mechanical equipment which cause vibration or noise shall be placed and maintained by Tenant at Tenant’s expense in settings sufficient to absorb and prevent vibration, noise and annoyance. Tenant shall not move any safe, heavy machinery, heavy
equipment, freight or fixtures into or out of the Premises except in such manner and at such time as Landlord shall reasonably authorize in each instance. 

  

	6.2.5	 Improvements, Alterations and Additions. (a) Not to make any installations, improvements, alterations or additions (collectively,
“Alterations”) in, to or on the Premises, nor the installation or modification of any locks or security devices, 

  
 -34- 

	 	
without on each occasion obtaining the prior written consent of Landlord. Notwithstanding the foregoing, Landlord’s prior written consent shall not be required in connection with usual and
customary interior decorative or cosmetic Alterations that satisfy the following criteria: (i) the Alteration is of a decoration or cosmetic nature such as wallpapering, painting, carpeting or installation of artwork, (ii) the Alteration
is non-structural and does not affect the Building Systems, (iii) the Alteration affects only the Premises and is not visible from outside of the Premises or the Building, (iv) the Alteration will not adversely affect any service furnished
by Landlord to Tenant or to any other tenant of the Building, (v) the Alteration does not require work to be performed inside the walls, above the ceiling, or below the floor of the Premises, and (vi) the Alteration is in compliance with,
and does not cause any violations of, all applicable laws, codes, ordinances, by-laws, and requirements. All Alterations (excepting only decorative Alterations) shall be performed pursuant to plans and specifications approved by Landlord in advance
in each instance and by contractors approved by Landlord in its reasonable discretion. All Alterations shall be performed in a manner and fashion so as to minimize interference with the other tenants and occupants of the Building, with Landlord and
Landlord’s operations in the Building and with other labor working on the Premises and/or the Property (or any part thereof). Tenant shall pay promptly when due the entire cost and expense of all Alterations to the Premises undertaken by Tenant
and in any event shall cause the Premises at all times to be free of liens for labor and materials. All Alterations performed by Tenant shall be performed in a good and workmanlike manner, employing materials of the highest quality and in compliance
with all applicable Requirements. To the maximum extent permitted by law, Tenant shall indemnify and hold harmless Landlord and all Landlord Affiliates from (i) any personal injury, death, damage or loss to any person or property arising out of
or resulting from any Alterations undertaken by Tenant, and (ii) any liabilities and/or obligations for any and all liens or encumbrances filed against the Property or any part thereof or interest therein arising out of or resulting from the
Alterations performed by Tenant. Tenant, at its expense, shall procure the discharge or bonding of all such liens and encumbrances within thirty (30) days after the filing of any such lien or encumbrance against the Premises and/or the Property
or any part thereof. If Tenant shall fail to cause any such lien or encumbrance to be discharged or bonded within such thirty (30) day period, then, in addition to any other right or remedy, Landlord may, but shall not be obligated to,
discharge the same either by paying the amount claimed to be due or by deposit or bonding proceedings, and in any such event Landlord shall be entitled, if it elects, to compel the prosecution of an action for the foreclosure of such lien and to pay
the amount of the judgment in favor of the lien with interest, costs and allowances. Without limiting the foregoing, any amount so paid by Landlord, and all costs and expenses incurred by Landlord in connection therewith, shall constitute Additional
Rent under this Lease and shall be paid by Tenant to Landlord within ten (10) days after demand. 

 (b) Prior to
commencing any Alterations, Tenant shall, at Tenant’s sole cost and expense: (i) secure all licenses, permits and approvals required by any 

  
 -35- 

 
governmental authorities in connection therewith; (ii) deliver to Landlord a statement of the names of all of its contractors and subcontractors, and the estimated costs of all labor and
material to be furnished by them; (iii) furnish to Landlord reasonably satisfactory evidence of the insurance coverages maintained by Tenant in accordance with the requirements of Section 4.2.4 of this Lease; and (iv) cause each
contractor to carry (A) workers’ compensation insurance in statutory amounts and employer’s liability insurance with limits of not less than $500,000.00 per accident covering all the contractor’s and subcontractor’s
employees, (B) commercial general liability insurance, including completed operations coverage, for a period of not less than one (1) year beyond completion of the work that the contractor/subcontractor performs, with such limits as
Landlord may reasonably require but in no event less than $5,000,000.00 per occurrence, and (C) automobile liability insurance with such limits as Landlord may reasonably require, but in no event less than $1,000,000.00 combined single limit
per accident, with liability coverage of not less than $4,000,000.00 (for a total of $5,000,000.00 in an umbrella liability policy). All such insurance coverages (i) shall be written by companies duly licensed in the Commonwealth of
Massachusetts and reasonably approved by Landlord, (ii) shall name Landlord, all Landlord Affiliates requested by Landlord, and Tenant as additional insureds, as their respective interests may appear, as well as their respective contractors and
subcontractors, (iii) shall contain a waiver of subrogation provision in favor of Landlord and all such Landlord Affiliates, and (iv) shall provide primary coverage as to any other coverage maintained by any insured other than Tenant.
Tenant shall deliver to Landlord certificates of all such insurance before Tenant begins any Alterations. 
 (c) Landlord may inspect the
Alterations in progress at reasonable times and from time-to-time; provided, however, Landlord shall, except in case of emergency, (i) give Tenant reasonable prior notice of such inspections, and (ii) conduct such inspections so as to
minimize interference with the construction work of Tenant. 
 (d) At Landlord’s request, promptly after such Alterations are completed,
Tenant shall provide Landlord with a complete set of “as-built” plans for the portions of the Premises affected by such work, prepared using electronic CAD files in AUTO CAD format. 

(e) All Alterations shall be performed (a) in a good and first-class workmanlike manner and free from defects, (b) in accordance with
the plans and specifications approved by Landlord, and by contractors approved by Landlord, (c) if requested by Landlord, under the supervision of a licensed architect reasonably satisfactory to Landlord, and (d) in compliance with all
applicable laws, by-laws, ordinances, codes, regulations and guidelines, the terms of this Lease, and all procedures and regulations then prescribed by Landlord for coordinating all work performed in the Property. 

  
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 (f) Tenant shall pay promptly to Landlord or its designee, upon demand, all reasonable
out-of-pocket architectural and engineering fees and costs actually incurred by Landlord in connection with the review and supervision of Tenant’s Alterations (including the Tenant’s Work), including costs incurred in connection with
Landlord’s review of the Alterations (including review of requests for approval thereof). In addition, if Tenant’s Alterations shall cost more than $100,000.00, Tenant shall pay to Landlord or its designee, upon demand, an administrative
fee in the amount of three percent (3%) of the total cost of such Alterations. 
 (g) The approval of plans or specifications, or
consent by Landlord to the making of any Alterations, does not constitute Landlord’s agreement or representation that such plans, specifications or Alterations comply with any laws, codes, ordinances, rules, guidelines or requirements. Landlord
shall have no liability to Tenant or any other party in connection with Landlord’s approval of any plans and specifications for any Alterations, or Landlord’s consent to Tenant’s performing any Alterations. 

 

	6.2.6	Abandonment. Not to abandon or vacate the Premises during the Term without continuing to pay Rent when due hereunder. 

  

	6.2.7	Signs; Building Directory. Not to install or place any signs, displays, curtains, blinds, shades, awnings, aerials, or the like, in any areas that may be visible from outside the Premises, excepting only with the
prior written approval of the Landlord in each instance. Landlord will, at Landlord’s expense, install the name of the Tenant in the Building lobby directory. Without limiting the foregoing, subject to Landlord’s approval and in accordance
with the signage standards and specifications adopted by Landlord from time-to-time, Tenant may at its sole cost and expense install identification signage on the entrance doors to the Premises and in the elevator lobby area of the floor on which
the Premises are located. 

 ARTICLE 7 

Casualty or Taking 
  

	7.1	 Termination. In the event that the Premises or the Building and/or any material part thereof, shall be taken by any public authority or for any
public use, or shall be destroyed or damaged by fire or other casualty, or by the action of any public authority, then this Lease may be terminated at the election of Landlord. Such election, which may be made notwithstanding the fact that
Landlord’s entire interest may have been divested, shall be made by the giving of notice by Landlord to Tenant within sixty (60) days after the date of the taking or casualty. In addition to Landlord’s right to terminate as provided
herein, Tenant shall have the right to terminate this Lease if either (i) more than thirty-five percent (35%) of the Rentable Area of the Premises shall be destroyed or materially damaged by fire or casualty, or (ii) a material
portion of the common areas of the Building are destroyed or materially damaged such that Tenant is deprived of reasonable access to the Premises; and as a result thereof, (a) the Premises are not, despite

  
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Tenant’s commercially reasonable good faith efforts, usable by Tenant in the ordinary course of Tenant’s business; and (b) within not more than thirty (30) days after the date
of the casualty or damage or of the date of Landlord’s notice to Tenant of such taking, Tenant provides Landlord with written notice of its election to terminate this Lease. Subject to the terms of this Section 7.1, if Tenant timely and
properly notifies Landlord of its election to terminate this Lease, this Lease shall terminate thirty (30) days after the date such notice is received by Landlord. Notwithstanding anything to the contrary in this Article 7, if any
damage during the final 18 months of the Term renders the Premises wholly untenantable, either Landlord or Tenant may terminate this Lease by notice to the other party within 30 days after the occurrence of such damage and this Lease shall expire on
the 30th day after the date of such notice. For purposes of this paragraph, the Premises shall be deemed wholly untenantable if Tenant shall be precluded from using more than 35% of the Rentable Area of the Premises for the conduct of its business
and Tenant’s inability to so use the Premises is reasonably expected to continue for more than 90 days. 

  

	7.2	Restoration. Subject to the terms of Section 7.1, if neither Landlord nor Tenant elects to terminate this Lease, then this Lease shall continue in force and, if such taking or damage is of or to the
Premises, a just proportion of the Rent reserved, according to the nature and extent of the damages sustained by the Premises, shall be suspended or abated until the Premises, or what may remain thereof, shall be put by Landlord in proper condition
for use, which Landlord covenants to do with reasonable diligence (subject to delays which result from any cause beyond the reasonable control of Landlord) to the extent permitted by the net proceeds of insurance recovered or damages awarded for
such taking, destruction or damage and subject to zoning and building laws or ordinances then in existence. Should the net proceeds of insurance recovered or damages awarded be insufficient to cover the cost of restoring the Premises, in the
reasonable estimate of the Landlord, the Landlord may, but shall have no obligation to, supply the amount of such insufficiency and restore the Premises with all reasonable diligence or the Landlord may terminate the Lease by giving notice to the
Tenant not later than a reasonable time after the Landlord has determined the estimated net proceeds of insurance recovered or damages awarded and the estimated cost of such restoration. In case of damage or destruction, as a result of a risk which
is not covered by the Landlord’s insurance, the Landlord shall likewise be obligated to rebuild the Premises, all as aforesaid, unless the Landlord, within a reasonable time after the occurrence of such event, gives written notice to the Tenant
of the Landlord’s election to terminate this Lease. “Net proceeds of insurance recovered or damages awarded” refers to the gross amount of such insurance or damages actually received by Landlord less the reasonable expenses of
Landlord incurred in connection with the collection of the same, including without limitation, fees and expenses for legal and appraisal services. If Landlord’s restoration work has not been substantially completed within twelve
(12) months after the taking or damage, then Tenant shall have the right to terminate this Lease by giving Landlord written notice of its election to do so within thirty (30) days after the end of such twelve (12) month period, and if
Tenant timely gives such notice, this 

  
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Lease shall terminate on the date which is thirty (30) days after the date of the giving of such notice, unless Landlord’s restoration work is substantially completed within such thirty
(30) day period, in which event such termination notice shall be null and void and this Lease shall continue in full force and effect. 

  

	7.3	Award. Irrespective of the form in which recovery may be had by law, all rights to damages or compensation for any taking of the Premises (including, without limitation, any taking of the leasehold interest of
Tenant) shall belong to Landlord in all cases. Tenant hereby grants to Landlord all of Tenant’s rights to such damages and covenants to deliver such further assignments thereof as Landlord may from time to time request. The Tenant shall be
entitled to receive and retain only such amounts as may be specifically awarded to it in any such condemnation proceedings, as a result of the taking of its trade fixtures or furniture and its leasehold improvements to the extent the Landlord’s
award is not thereby reduced and the Tenant is not otherwise reimbursed for the same by the Landlord. 

 ARTICLE 8 

Defaults 
  

	8.1	Events of Default. If any of the following occurs: 

 (a) Tenant shall default in the
payment when due of any Fixed Rent or Additional Rent, and such default shall continue for five (5) business days after notice thereof from Landlord; or 

(b) Tenant shall have previously defaulted more than twice in any twelve (12) month period in the payment when due of any Fixed Rent or
Additional Rent, Tenant subsequently defaults in the payment when due of any Fixed Rent or Additional Rent; or 
 (c) Tenant shall default in
the timely performance or observance of any other term, covenant, or condition contained in this Lease on the Tenant’s part to be performed or observed and shall fail, within thirty (30) days after notice from Landlord of such default, to
cure such default; or if such default is not reasonably susceptible of cure within thirty (30) days, if Tenant shall fail to commence to cure such default within thirty (30) days after notice of such default from Landlord or shall
thereafter fail diligently to prosecute such cure to completion or shall fail to cure such default by not later than one hundred twenty (120) days after receipt of such notice from Landlord; or 

(d) the estate of Tenant hereby created shall be taken on execution, or by other process of law; or 

(e) Tenant commences a voluntary case under Title 11 of the United States Bankruptcy Code as from time-to-time in effect, or it authorizes, by
appropriate proceedings of trustees or other governing body the commencement of such a voluntary case; or 

  
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 (f) Tenant files an answer or other pleading admitting or failing to deny the material
allegations of a petition filed against it commencing an involuntary case under said Bankruptcy Code, or if it seeks, consents to or acquiesces in the relief therein provided, or if it fails to controvert timely the material allegations of any such
petition; or 
 (g) there is entered an order for relief in any involuntary case commenced under said Title; or 

(h) Tenant seeks relief as a debtor under any applicable law, other than said Bankruptcy Code, of any jurisdiction relating to the liquidation
or reorganization of debtors or to the modification or alteration of the rights of creditors, or by Tenant’s consent to or acquiescence in such relief; or 

(i) there is entered an order by a court of competent jurisdiction (i) finding Tenant to be bankrupt or insolvent, (ii) ordering or
approving Tenant’s liquidation, reorganization or any modification or alteration of the rights of its creditors, or (iii) assuming custody of, or appointing a receiver or other custodian for, all or a substantial part of Tenant’s
property; or 
 (j) Tenant makes an assignment for the benefit of, or enters into a composition with, its creditors, or appoints or consents
to the appointment of a receiver or other custodian for all or a substantial part of its property; or 
 (k) Tenant rejects this Lease and a
court of competent jurisdiction enters an order approving the rejection of the Lease under Title 11 of the United States Code as from time to time in effect, or under any applicable law, other than said Title 11, of any jurisdiction relating to the
liquidation or reorganization of debtors or to the modification or alteration of the rights of creditors, or by Tenant’s consent to or acquiescence in such relief; 

then and in any of said cases, in addition to all other remedies available at law or in equity, Landlord may, to the extent permitted by law,
immediately or at any time thereafter and with or without demand or notice to Tenant, enter into and upon the Premises, or any part thereof in the name of the whole, and repossess the same as of Landlord’s former estate, and expel Tenant and
those claiming by, through or under Tenant and remove its effects without being deemed guilty of any manner of trespass, and without prejudice to any remedies which might otherwise be used for arrears of Rent and preceding breach of covenant, and/or
Landlord may terminate this Lease by sending written notice thereof to Tenant and this Lease shall terminate and come to an end on the earlier to occur of (i) entry as aforesaid, or (ii) the fifth (5th) day following the sending of
such notice as fully and completely as if such date were on the date herein originally fixed for the expiration of the Term of this Lease. Tenant will then quit and surrender the Premises to Landlord, but Tenant shall remain liable as herein
provided. To the extent permitted by law, Tenant hereby expressly waives any and all rights of redemption granted by or under any present or future laws (including M.G.L. 

  
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c.186, §11), in the event of Tenant being evicted or dispossessed, or in the event of Landlord obtaining possession of the Premises, by reason of the violation by Tenant of any of the
covenants and conditions of this Lease. In the event of any such termination, entry or re-entry, Landlord shall have the right to remove and store Tenant’s property and that of persons claiming by, through or under Tenant at the sole risk and
expense of Tenant and, if Landlord so elects, (x) to sell such property at public auction or private sale and apply the net proceeds to the payment of all sums due to Landlord from Tenant and pay the balance, if any, to Tenant, or (y) to
dispose of such property in any manner in which Landlord shall elect, Tenant hereby agreeing to the fullest extent permitted by law that it shall have no right, title or interest in any property remaining in the Premises after such termination,
entry or re-entry. 
  

	8.2	Remedies. (a) No termination or repossession provided for in Section 8.1 shall relieve Tenant or any guarantor of the liabilities and obligations of Tenant under this Lease, all of which shall survive
any such termination or repossession. In the event of any such termination or repossession, Tenant shall pay to Landlord, at Landlord’s election, either (i) in advance, on the first day of each month, for what would have been the entire
balance of the Term (including any unexercised Extension Term), 1/12th (and a pro rata portion thereof for any fraction of a month) of the annual Fixed Rent, Additional Rent and all other amounts for which Tenant is obligated hereunder, minus, in
each case, the actual net receipts by Landlord by reason of any re-letting of the Premises (after deducting Landlord’s reasonable expenses in connection with such re-letting, including, without limitation, remodeling costs and costs of
preparing the Premises, removal, storage and repair costs and reasonable brokers’ and attorneys’ fees), or (ii) upon demand and at the option of Landlord at any time thereafter, the present value (computed at a discount rate based
upon the Prime Rate) of the amount by which the payments of Fixed Rent and Additional Rent payable for the balance of the Term would exceed the fair rental value of the Premises for the balance of the Term, determined by Landlord as of such date,
less any proceeds of any re-letting of the Premises. For purposes of this Article, if Landlord elects to require Tenant to pay damages in accordance with the immediately preceding sentence, the total amount due shall be computed by assuming that
Tenant’s Tax Excess and Tenant’s Operating Cost Excess would be, for the balance of such unexpired Term, the amount thereof respectively for the Tax Period and calendar year, respectively, in which such termination, entry or re-entry shall
occur. 

 (b) Notwithstanding the foregoing, Landlord will use reasonable efforts to re-let the Premises after Tenant vacates
the Premises; however, the marketing of the Premises in a manner similar to the manner in which Landlord markets other premises within Landlord’s control in the Building shall be deemed to have satisfied Landlord’s obligation to use
“reasonable efforts.” In no event shall Landlord be required to (i) solicit or entertain negotiations with any other prospective tenants for the Premises unless and until Landlord obtains full and complete possession of the Premises,
including the final and unappealable legal right to re-let the Premises free of any claim of Tenant, (ii) lease the Premises to a 

  
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tenant whose proposed use, in Landlord’s reasonable judgment, will be unacceptable, (iii) re-let the Premises prior to leasing any other vacant space in the Building, suitable for the
use of the prospective tenant, (iv) lease the Premises for a rental rate less than the current fair market rent then prevailing for similar space in the Building, or (v) enter into a lease with any proposed tenant that does not have, in
Landlord’s reasonable opinion, sufficient financial wherewithal and resources to satisfy its financial obligations under the prospective lease. Landlord may elect: (i) to re-let the Premises or any part or parts thereof, for a term or
terms which may at Landlord’s option be equal to or less than or exceed the period which would otherwise have constituted the balance of the Term and may grant such inducements, allowances, concessions and free rent as Landlord in its sole
discretion considers advisable or necessary to re-let the same, and/or (ii) to make such alterations, repairs and decorations to the Premises as Landlord in its sole discretion considers advisable or necessary to re-let the same, and no action
of Landlord in accordance with the foregoing or failure to re-let or to collect rent under re-letting shall operate or be construed to release or reduce Tenant’s liability as aforesaid. In connection with any such re-letting, Landlord may take
into account all relevant factors which would be considered by a sophisticated Landlord in re-letting the Premises, and Tenant hereby waives, to the extent permitted by applicable law, any obligation Landlord may have to mitigate the Tenant’s
damages; provided, however, the foregoing provisions shall not detract from Landlord’s obligations to exercise reasonable efforts to re-let the Premises as set forth in this Section 8.2(b). 

(c) Nothing contained in this Lease shall limit or prejudice the right of Landlord to prove for and obtain in proceedings for bankruptcy,
insolvency or like proceedings by reason of the termination of this Lease, an amount equal to the maximum allowed by any statute or rule of law in effect at the time when, and governing the proceedings in which, the damages are to be proved, whether
or not the amount be greater, equal to, or less than the amount of the loss or damages referred to above. 
  

	8.3	Remedies Cumulative. Any and all rights and remedies which Landlord may have under this Lease, and at law and equity, shall be cumulative and shall not be deemed inconsistent with each other, and any two or more
of all such rights and remedies may be exercised at the same time insofar as permitted by law. 

  

	8.4	Landlord’s Right to Cure Defaults. After the expiration of any applicable notice and cure periods and upon reasonable prior notice (except in emergencies), Landlord may, but shall not be obligated to, cure
any default by Tenant under this Lease; and whenever Landlord so elects, all costs and expenses incurred by Landlord, including reasonable attorneys’ fees, in curing such default shall be paid, as Additional Rent, by Tenant to Landlord on
demand, together with interest thereon at the Default Rate from the date of payment by Landlord to the date of payment by Tenant. 

  
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	8.5	Effect of Waivers of Default. Any consent or permission by Landlord to any act or omission which otherwise would be a breach of any covenant or condition herein, or any waiver by Landlord of the breach of any
covenant or condition, shall not in any way be held or construed to operate so as to impair the continuing obligation of any covenant or condition herein, or otherwise, except as to the specific instance, operate to permit similar acts or omissions.

  

	8.6	No Waiver, etc. The failure of Landlord to complain of any action or omission or to seek redress for violation of, or to insist upon the strict performance of, any covenant or condition of this Lease shall not be
deemed a waiver of such violation nor prevent a subsequent act, which would have originally constituted a violation, from having all the force and effect of an original violation. The receipt by Landlord of any payments on account of Rent with
knowledge of the breach of any covenant of this Lease shall not be deemed to have been a waiver of such breach by Landlord. No consent or waiver, express or implied, by Landlord or by Tenant to or of any breach of any agreement or duty to the other
shall be construed as a waiver or consent to or of any other breach of the same by the other or any other agreement or duty of the other. 

  

	8.7	No Accord and Satisfaction. No acceptance by Landlord of a lesser sum than the Fixed Rent, Additional Rent or any other charge then due shall be deemed to be other than on account of the earliest installment of
such Rent or charge due, nor shall any endorsement or statement on any check or any letter accompanying any check or payment as Rent or other charge be deemed an accord and satisfaction, and Landlord may accept such check or payment without
prejudice to Landlord’s right to recover the balance of such installment or pursue any other remedy in this Lease provided. 

ARTICLE 9 
 Rights of
Mortgagees 
  

	9.1	Rights of Mortgagees. (a) The rights and interests of Tenant under this Lease shall be subject and subordinate to any mortgages that are now or may hereafter be placed upon the Property and/or the Building,
and to any and all advances to be made thereunder, together with all renewals, modifications, replacements and extensions thereof. Without limitation, any mortgagee shall have the right, at its option, to subordinate its mortgage to this Lease, in
whole or in part, by recording with the Registry of Deeds a unilateral written declaration to such effect. Upon entry and taking possession of the property by a mortgagee, for the purpose of foreclosure or otherwise, such Mortgagee shall have all
the rights of Landlord, and shall be liable to perform all the obligations of Landlord arising during the period of such possession, provided, however, that such Mortgagee shall have no liability for any obligations which arise prior to the date on
which it makes such entry or takes possession. No act or failure to act on the part of Landlord which would entitle Tenant under the terms of this Lease, or by law, to be relieved of Tenant’s obligations hereunder or to terminate this Lease,
shall result in a release or termination of such obligations or a termination of this Lease unless (i) Tenant 

  
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shall have first given written notice of Landlord’s act or failure to act to first mortgagees of record, if any, and to any other mortgagees of whom Tenant has been given written notice,
specifying the act or failure to act on the part of Landlord which could or would give basis to Tenant’s rights; and (ii) such mortgagees, after receipt of such notice, have failed or refused to correct or cure the condition complained of
within a reasonable time thereafter; but nothing contained in this paragraph (c) shall be deemed to impose any obligation on any such mortgagees to correct or cure any such condition. “Reasonable time” as used above means and includes
a reasonable time to obtain possession of the Property if any such mortgagee elects to do so and a reasonable time to correct or cure the condition if such condition is determined to exist. This Section shall be self-operative and no further
instrument of subordination shall be required. In confirmation of such subordination, Tenant shall promptly execute, acknowledge and deliver any instrument that Landlord, any mortgagee or any of their respective successors in interest may reasonably
require to evidence such subordination, which instrument shall also include commercially reasonable provisions for the recognition and non-disturbance of Tenant’s estate and rights under this Lease, consistent with the terms and conditions of
the form of subordination, non-disturbance and attornment agreement attached hereto as Exhibit H. 

 Concurrently with
the delivery of this Lease, Landlord will deliver a subordination, non-disturbance and attornment agreement from Bank of America, N.A., the current holder of a mortgage on the Property, substantially in the form attached hereto as Exhibit H.
In connection with any mortgages or ground leases entered into during the Term, Landlord shall use commercially reasonable efforts to cause such mortgagee or ground lessor to execute and deliver to Tenant a subordination, non-disturbance and
attornment agreement in the form attached hereto as Exhibit H, or such form which provides Tenant with similar benefits. 
 (b) If any
mortgagee or the nominee or designee of any mortgagee shall succeed to the rights of Landlord under this Lease, whether through possession or foreclosure action or delivery of a new lease or deed, or otherwise, then at the request of such party so
succeeding to Landlord’s rights (herein called “Successor Landlord”) and upon such Successor Landlord’s written agreement to recognize and not disturb Tenant’s estate and rights under this Lease and accept Tenant’s
attornment, Tenant shall attorn to and recognize such Successor Landlord as Tenant’s landlord under this Lease and shall promptly execute and deliver any instrument that such Successor Landlord may reasonably request to evidence such
attornment. Upon such attornment, this Lease shall continue in full force and effect as a direct lease between the Successor Landlord and Tenant upon all of the terms, conditions and covenants as are set forth in this Lease, except that the
Successor Landlord shall not be (a) liable in any way to Tenant for any act or omission, neglect or default on the part of Landlord under this Lease, (b) responsible for any monies owing by or on deposit with Landlord to the credit of
Tenant, (c) subject to any counterclaim or setoff which theretofore accrued to Tenant against Landlord, (d) bound by any modification of this Lease not 

  
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previously approved by such Successor Landlord (or its predecessors in interest), or by any previous prepayment of Annual Fixed Rent or Additional Rent for more than 1 month, (e) liable to
the Tenant beyond the Successor Landlord’s interest in the Property and the rents, income, receipts, revenues, issues and profits issuing from the Property, (f) responsible for the performance of any work to be done by the Landlord under
this Lease to render the Premises ready for occupancy by the Tenant, or (g) required to remove any person occupying the Premises or any part thereof, except if such person claims by, through or under the Successor Landlord. 

 

	9.2	Modifications. If any mortgagee shall require any modification(s) of this Lease, Tenant shall, at Landlord’s request, promptly execute and deliver to Landlord such instruments effecting such modification(s)
as Landlord shall require, provided that such modification(s) do not adversely affect in any material respect any of Tenant’s rights under this Lease. 

ARTICLE 10 
 [Intentionally
Deleted] 
 ARTICLE 11 

Miscellaneous Provisions 
  

	11.1	Notices from One Party to the Other. All notices required or permitted hereunder shall be in writing and addressed as follows: (i) if to the Tenant and sent prior to the Commencement Date, at the Original
Notice Address of Tenant; and if sent on or after the Commencement Date, at the Premises, or such other address as Tenant shall have last designated by notice in writing to Landlord, and; (ii) if to Landlord, at the Original Notice Address of
Landlord or such other address as Landlord shall have last designated by notice in writing to Tenant. Any notice shall be sent to such address by registered or certified mail, return receipt requested, postage prepaid, or by nationally recognized
courier, charges prepaid, or by hand and shall be effective when received or when tendered delivery is refused. 

  

	11.2	Quiet Enjoyment. Landlord agrees that upon Tenant’s paying the Rent and performing and observing the agreements, conditions and other provisions on its part to be performed and observed, Tenant shall and may
peaceably and quietly have, hold and enjoy the Premises during the Term hereof without any manner of hindrance or molestation from Landlord or anyone claiming under Landlord, subject, however, to the terms of this Lease. The foregoing covenant of
quiet enjoyment is in lieu of any other covenant, express or implied. 

  

	11.3	Lease Not to be Recorded. The Tenant agrees not to record this Lease, but each party hereto agrees, on request of the other, to execute a Notice of Lease in recordable form and complying with applicable laws, and
in form and content reasonably satisfactory to both parties. In no event shall such document set forth the rental or other charges payable by the Tenant under this Lease; and any such document shall expressly state that it is executed pursuant to
the provisions contained in this Lease, and is not intended to vary the terms and conditions of this Lease. 

  
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	11.4	Limitation of Landlord’s Liability. The term “Landlord” as used in this Lease, so far as covenants or obligations to be performed by Landlord are concerned, shall be limited to mean and include
only the owner or owners at the time in question of the Property, and in the event of any transfer or transfers of title to the Property, the Landlord (and in case of any subsequent transfers or conveyances, the then grantor) shall be concurrently
freed and relieved from and after the date of such transfer or conveyance, without any further instrument or agreement, of all liability and obligation with respect to the performance of any covenants or obligations on the part of the Landlord
contained in this Lease thereafter to be performed, it being intended hereby that the covenants and obligations contained in this Lease on the part of Landlord, shall, subject as aforesaid, be binding on the Landlord, its successors and assigns,
only during and with respect to their respective successive periods of ownership of such leasehold interest or fee, as the case may be. Tenant, its successors and assigns, shall not assert nor seek to enforce any claim for breach of this Lease
against any of Landlord’s assets other than Landlord’s interest in the Property and in the rents, issues and profits thereof, and Tenant agrees to look solely to such interests for the satisfaction of any liability or claim against
Landlord under this Lease. In no event shall Landlord or any Landlord Affiliates, including, without limitation, any general or limited partner, trustees, beneficiaries, employees, agents, officers, directors, stockholders, managers, or members of
Landlord ever be personally liable for any liability or obligation of, Landlord whether under this Lease, or at law or in equity. 

  

	11.5	Acts of God. In any case where either party hereto is required to perform any work or take any action, delays caused by or resulting from Acts of God, war, civil commotion, fire, flood or other casualty, labor
difficulties, shortages of labor, materials or equipment, government regulations, unusually severe weather, or other causes beyond such party’s reasonable control (but financial inability shall never be deemed to be an event beyond either
party’s reasonable control) (each a “Force Majeure Event”) shall not be counted in determining the time during which work shall be completed or such action shall be taken, whether such time be designated by a fixed date, a fixed time
or a “reasonable time,” and such time shall be deemed to be extended by the period of such delay. Nothing contained in this Section 11.5 shall be applicable to, or in any way affect, reduce or abate the obligations of Tenant under
this Lease to pay all Rent and other charges in a timely fashion pursuant to the terms hereof. 

  

	11.6	 Landlord’s Default. Landlord shall not be deemed to be in default in the performance of any of its obligations hereunder unless it shall
fail to perform such obligations and such failure shall continue for a period of thirty (30) days or, if such obligation is incapable of being performed within thirty (30) days, such additional time as is reasonably required to correct any
such default after written notice has been given by Tenant to Landlord specifying the nature of Landlord’s 

  
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alleged default. Notwithstanding any provision contained herein, in no event shall Landlord ever be liable to Tenant, or any person claiming by, through or under Tenant, for any special,
indirect, incidental or consequential damages, or for any lost profits. Tenant shall have no right to terminate this Lease as a result of any breach or default by Landlord hereunder, except in the case of a wrongful eviction (constructive or actual)
of the Tenant from the Premises by Landlord. In addition, Tenant shall have no right, as a result of any such breach or default, to offset or counterclaim against any Rent due hereunder. 

 

	11.7	Brokerage. Tenant warrants and represents that it has dealt with no broker in connection with the consummation of this Lease, other than the Broker, and in the event of any claims for a brokerage commission or
finder’s fee, of any kind, against Landlord predicated upon prior dealings with Tenant, Tenant agrees to defend the same and indemnify and hold Landlord harmless against any such claim. Landlord warrants and represents that it has dealt with no
broker in connection with the consummation of this Lease, other than the Brokers, and in the event of any claims for a brokerage commission or finder’s fee, of any kind, against Tenant predicated upon prior dealings with Landlord, Landlord
agrees to defend the same and indemnify and hold Tenant harmless against any such claim. Landlord shall be responsible for paying the commission due to Brokers in connection with this Lease in accordance with a separate agreement or understanding
between them. 

  

	11.8	Applicable Law and Construction. This Lease shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts. If any provisions of this Lease shall to any extent be invalid, the
remainder of this Lease shall not be affected thereby. There are no oral or written agreements between Landlord and Tenant affecting this Lease. This Lease may be amended, and the provisions hereof may be waived or modified, only by instruments in
writing executed by Landlord and Tenant. The captions and titles of the several Articles and Sections contained herein are for convenience only and shall not be considered in construing this Lease. Unless repugnant to the context, the words
“Landlord” and “Tenant” appearing in this Lease shall be construed to mean those named above and their respective heirs, executors, administrators, successors and assigns, and those claiming by, through or under them,
respectively. If there be more than one tenant, the obligations imposed by this Lease upon Tenant shall be joint and several. 

  

	11.9	Delivery. This submission of this document for examination and negotiation does not constitute an offer to lease, or a reservation of or option for, the Premises, and this Lease shall not be binding upon Landlord
or Tenant unless and until Landlord shall have executed and delivered a fully executed copy of this Lease to Tenant. 

  

	11.10	 Rent. Notwithstanding anything to the contrary contained in this Lease, all charges and amounts payable by Tenant to or on behalf of Landlord
under this Lease, whether or not expressly denominated Fixed Rent, Tax Excess, Operating 

  
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Cost Expense, Additional Rent or Rent, shall constitute rent for the purposes of Section 502(b)(6) of the United States Bankruptcy Code. In addition, notwithstanding anything to the contrary
contained in this Lease, all charges and amounts payable by Tenant to or on behalf of Landlord under this Lease (excepting only Fixed Rent), whether or not expressly denominated Additional Rent, including, without limitation, Tax Excess, Operating
Costs Excess, electricity charges, utility charges, and other fees and charges, shall be considered to be “Additional Rent” and in the event of non-payment thereof by Tenant Landlord shall have all of the rights and remedies as would
accrue for non-payment of Fixed Rent. 

  

	11.11	Certain Interpretational Rules. For purposes of this Lease, whenever the words “include”, “includes”, or “including” are used, they shall be deemed to be followed by the words
“without limitation” and, whenever the circumstances or the context requires, the singular shall be construed as the plural, the masculine shall be construed as the feminine and/or the neuter and vice versa. This Lease shall be interpreted
and enforced without the aid of any canon, custom or rule of law requiring or suggesting construction against the party drafting or causing the drafting of the provision in question. The captions in this Lease are inserted only as a matter of
convenience and for reference and in no way define, limit or describe the scope of this Lease or the intent of any provision hereof. 

  

	11.12	Parties Bound. The terms, covenants, conditions and agreements contained in this Lease shall bind and inure to the benefit of Landlord and Tenant and, except as otherwise provided in this Lease, to their
respective legal representatives, successors, and assigns. Each term and each provision of this Lease to be performed by the Tenant shall be construed to be both a covenant and a condition. 

 

	11.13	Prevailing Party. In any action or proceeding brought by either party against the other under this Lease, if one party obtains a judgment on the merits in such action or proceeding, then prevailing party shall be
entitled to recover from the other party its reasonable professional fees for attorneys, appraisers and accountants, its reasonable investigation costs, and any other reasonable legal expenses and actual court costs incurred by the prevailing party
in such action or proceeding. 

  

	11.14	 Back-Up Generator. As an appurtenance to the Premises, Tenant shall have the right, upon Tenant’s request, to use up to 20KW of
capacity of the emergency back-up electrical generator (the “Back-Up Generator”) currently located in the Building. If Tenant so requests, then Tenant may, at its sole cost and expense, tie-into the Back-Up Generator, subject to the
reasonable rules and guidelines adopted from time to time by Landlord with respect thereto, and to all applicable laws, codes, regulations and guidelines. Any and all work and improvements to be performed by Tenant to effectuate Tenant’s tie-in
to the Back-Up Generator (such as installing conduits and connections from the Back-Up Generator to the Premises) shall be considered to be an Alteration, shall be performed in accordance with the provisions of Section 6.2.5 of this Lease, and,
unless 

  
 -48- 

	 	
approved by Landlord in connection with approval of the Construction Documents for Tenant’s Work pursuant to Section 3.3, shall be subject to Landlord’s review and prior written
approval in all respects. In the event Tenant elects to tie-into the Back-Up Generator, Tenant shall pay, as Additional Rent, within thirty (30) days after receipt of invoices therefor from Landlord, a pro rata share of the annual fuel and
maintenance charges for the Back-Up Generator, which pro rata share shall be based on a ratio, the numerator of which is Tenant’s total usage of Back-Up Generator capacity and the denominator of which is the aggregate usage of Back-Up Generator
capacity at the applicable period of time; provided, however, Tenant’s pro rata share of such annual fuel and maintenance charges for the Back-Up Generator payable hereunder shall not exceed $1,500.00 per year (the “Annual Generator Cost
Cap”); provided, however, if either (a) in the event that the public utility provider has a power outage that results in a power outage at the Building for more than six (6) hours, or (b) Tenant otherwise elects to run the
Back-Up Generator for more than six (6) consecutive hours, in which event, then the cost of fuel used for the Back-Up Generator during such outage or in excess of six (6) consecutive hours shall be excluded from the Annual Generator Cost
Cap and Tenant shall pay its pro rata share for such fuel used for the Back-Up Generator during such outage based on the ratio above. 

ARTICLE 12 
 Letter of
Credit 
  

	12.1	Letter of Credit. Concurrent with Tenant’s execution and delivery of this Lease, Tenant shall deliver to Landlord an irrevocable and unconditional standby letter of credit (the “Original Letter of
Credit”) which shall be: (i) in substantially the form attached hereto as Exhibit F, (ii) issued by a bank reasonably satisfactory to Landlord upon which presentment may be made in Boston, Massachusetts or which allows for
presentment by facsimile, (iii) in an amount equal to the Letter of Credit Amount, (iv) for a term of not less than one (1) year, (v) permit multiple drawings, (vi) be freely and fully transferable by Landlord without
payment of any fees or charges by Landlord, and (viii) otherwise in form and content satisfactory to Landlord. The Original Letter of Credit, any Additional Letters(s) of Credit, and any Substitute Letter(s) of Credit are referred to herein
collectively as the “Letter of Credit.” The Letter of Credit shall be held by Landlord as security for the performance by Tenant of its obligations under this Lease. The Letter of Credit is not an advance payment of Rent or a
limitation upon the liability of Tenant hereunder. Landlord acknowledges that Silicon Valley Bank is an acceptable issuer of the Original Letter of Credit. 

  

	12.2	 Renewal of Letter of Credit. Each Letter of Credit shall be automatically renewable for consecutive periods of one (1) year in accordance
with the second to last paragraph of the Letter of Credit Form attached hereto as Exhibit F; provided however, if the issuer of such Letter of Credit gives notice of its election not to renew such Letter of Credit, then Tenant shall
deliver to Landlord a new letter of credit (a “Substitute Letter of Credit”) satisfying the requirements of 

  
 -49- 

	 	
the Original Letter of Credit under Section 12.1 on or before the date thirty (30) days prior to the expiration of the term of the Letter of Credit then in effect. If Tenant fails
timely to deliver to Landlord a Substitute Letter of Credit in accordance with the foregoing provisions, then Landlord shall have the right, at any time thereafter, without giving any further notice to Tenant, to draw down the Letter of Credit and
to hold the proceeds thereof in a segregated account in the name of Landlord, which proceeds may be withdrawn and applied by Landlord under the same circumstances and for the same purposes as if such proceeds were a Letter of Credit. Upon any such
application of such proceeds by Landlord, Tenant shall, within thirty (30) days of written demand therefor, deliver to Landlord an Additional Letter of Credit in the amount of proceeds so applied. 

 

	12.3	Draws to Cure Defaults. If Tenant breaches or defaults in any of its obligations under this Lease beyond the expiration of any applicable grace period, then without prejudice to or limiting any other rights or
remedies of Landlord, Landlord shall have the right, at any time thereafter, to draw down from the Letter of Credit the amount necessary to cure such default. In the event of any such draw by the Landlord, within thirty (30) days of written
demand therefor, Tenant shall deliver to Landlord an additional Letter of Credit (“Additional Letter of Credit”) satisfying the requirements for the Original Letter of Credit set forth in Section 12.1, except that the amount of
such Additional Letter of Credit shall be the amount of such draw. 

  

	12.4	Draws to Pay Damages. In addition, if (i) this Lease shall have been terminated as a result of Tenant’s default under this Lease beyond the expiration of the applicable cure period, and/or
(ii) this Lease shall have been rejected in a bankruptcy or other similar proceeding, then Landlord shall have the right at any time thereafter to draw down from the Letter of Credit an amount sufficient to pay any and all damages payable by
Tenant on account of such termination or rejection, as the case may be, pursuant to Article 8 hereof. 

  

	12.5	Return of Letter of Credit at End of Term. Within thirty (30) days after the expiration of the Term, to the extent Landlord has not previously drawn upon any Letter of Credit held by Landlord, Landlord shall
return the same to Tenant provided that Tenant is not then in default of any of its obligations under this Lease. 

 ARTICLE
13 
 Patriot Act 
  

	13.1	 Patriot Act. As an inducement to Landlord to enter into this lease, Tenant hereby represents and warrants that: (i) Tenant is not, nor is
it owned or controlled directly or indirectly by, any person, group, entity or nation named on any list issued by the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”) pursuant to Executive Order
13224 or any similar list or any law, order, rule or regulation or any Executive Order of the President of the United States as a terrorist, “Specially Designated National and Blocked Person”

  
 -50- 

	 	
or other banned or blocked person (any such person, group, entity or nation being hereinafter referred to as a “Prohibited Person”); (ii) Tenant is not (nor is it owned,
controlled, directly or indirectly, by any person, group, entity or nation which is) acting directly or indirectly for or on behalf of any Prohibited Person; and (iii) neither Tenant (nor any person, group, entity or nation which owns or
controls Tenant, directly or indirectly) has conducted or will conduct business or has engaged or will engage in any transaction or dealing with any Prohibited Person, including any assignment of this Lease or any subletting or all or any portion of
the Premises or the making or receiving of any contribution or funds, goods or services to or for the benefit of a Prohibited Person. In connection with the foregoing, it is expressly understood and agreed that (x) any breach by Tenant of the
foregoing representations and warranties shall be an Event of Default by Tenant under Article 8 above, and (y) the representations and warranties contained in this Article 13 shall be continuing in nature and shall survive the expiration or
earlier termination of this Lease. 

 (Signatures on following page) 

  
 -51- 

 WITNESS the execution hereof on the day and year first above written. 

 

							
	Landlord:
	
	255 STATE STREET, LLC, a Delaware limited liability company
		
	By:	 	Pembroke Real Estate, Inc., its manager
			
		 	By:	 	/s/ David Lucey
		 		 	Name:	 	David Lucey
		 		 	Title:	 	Senior Vice President
	
	Tenant:
	
	TOKAI PHARMACEUTICALS, INC. a Delaware corporation
		
	By:	 	/s/ John McBride
		 	Name:	 	John McBride
		 	Title:	 	COO

  
 -52- 

 EXHIBIT A 

255 STATE STREET 

BOSTON, MASSACHUSETTS 

LEGAL DESCRIPTION 

Parcel One 
 That certain parcel of
land situate in Boston in the County of Suffolk and Commonwealth of Massachusetts, bounded and described as follows: 
  

			
	NORTHERLY	  	by the southerly line of State Street, one hundred sixty and 8/100 (160.08) feet;
		
	EASTERLY	  	by the westerly line of Atlantic Avenue for a distance of seventy-five and 12/100 (75.12) feet south from said State Street, and by said Avenue fifty-six and 86/100 (56.86) feet for the rest of the distance to Central
Street;
		
	SOUTHERLY	  	by the northerly line of Central Street, one hundred thirty-six and 27/100 (136.27) feet;
		
	WESTERLY	  	forty-five and 45/100 (45.45) feet;
		
	NORTHERLY	  	sixty-seven hundredths (0.67) of a foot;
		
	WESTERLY	  	thirty-eight and 85/100 (38.85) feet;
		
	SOUTHERLY	  	sixty-seven hundredths (0.67) of a foot; and
		
	WESTERLY	  	forty-five and 70/100 (45.70) feet, all by land now or formerly of Robert M. Burnett.

 All of said boundaries are determined by the Court to be located as shown on a plan drawn by Aspinwall & Lincoln,
Civil Engineers, dated March 20, 1915, as approved by the Court, filed in the Land Registration Office as Plan No. 5360-A, a copy of a portion of which is filed with Certificate of Title No. 7462. 

Parcel Two 
 That certain parcel of
land situate in Boston in the County of Suffolk and Commonwealth of Massachusetts, bounded and described as follows: 
 Beginning at the intersection of the
northerly property line of the New England Telephone & Telegraph Building and southerly street line of State St., thence running by property line of New England Telephone & Telegraph Building and former street line of relocated
Atlantic Avenue in a southerly direction a distance of thirteen and fifty-seven hundredths (13.57’) feet to the point of beginning of land to be conveyed; thence continuing along former street line of relocated

  
 A-1 

 
Atlantic Avenue in a southerly direction a distance of sixty and ninety-nine hundredths (60.99’) feet to the angle point of new street line of relocated Atlantic Avenue and former
street line of relocated Atlantic Avenue; 
 thence continuing by street line of relocated Atlantic Avenue (back of sidewalk) S11°-51’-40”E a
distance of fifty-five and fifty hundredths (55.50’) feet; 
 thence turning in a westerly direction by southerly property line and building line
of New England Telephone & Telegraph a distance of one and sixty-hundredths (1.60’) feet; 
 thence turning and running
N12°-38’46”W a distance of forty-five and forty-five hundredths (45.45’) feet by the property line to a jogpoint; 
 thence turning
on a ninety degree angle in a westerly direction by said property line, sixty-seven hundredths (0.67’) feet; 
 thence turning and running
N12°-38’-46”W a distance of thirty-eight and eighty-five hundredths (38.85’) feet by said property line; 
 thence turning on a
ninety degree angle by said property line in an easterly direction a distance of sixty-seven hundredths (0.67’) feet; 
 thence turning and running by
said property line N12°-38’-46”W a distance of thirty-two and twenty-hundredths (32.20’) feet to a point of beginning of land to be conveyed to New England Telephone and Telegraph Co. 

Said parcel of land containing an area of one hundred nineteen and one-tenth (119.1 s.f.) square feet, more or less. 

Said Second parcel is shown on a plan entitled “Boston Redevelopment Authority Downtown Waterfront Faneuil Hall Project Mass R-77, Delivery Parcel Plan - Land To Be Conveyed to New England Telephone and Telegraph Company” dated September 30, 1980 and recorded in Book 9846, Page 257. 

  
 A-2 

 EXHIBIT B 

PLAN SHOWING THE PREMISES 
  

 
  

  
 B-1 

 EXHIBIT C 

COMMENCEMENT DATE AGREEMENT 

                    
(“Landlord”) and                      (“Tenant”) are parties to a lease (“Lease”) dated
                     of premises in a building known as 255 State Street, Boston, Massachusetts. Landlord and Tenant hereby acknowledge and agree
that the term of the Lease commenced on                      and will end on
                     unless extended or earlier terminated pursuant to provisions set forth in the Lease, and the Commencement Date occurred on
                    . 
 Executed under
seal this      day of             , 201    . 
  

			
	LANDLORD:
		
	By:	 	  

		 	Its:
	
	TENANT:
		
	By:	 	  

		 	Its:

  
 C-1 

 EXHIBIT D 

CLEANING SPECIFICATIONS 
 I.
Interior Tenant Areas 
 Nightly Monday through Friday, excluding holidays 

1. Dust mop all stone, ceramic tile, terrazzo and other type of un-waxed flooring. 

2. Dust mop all vinyl, asphalt, rubber and similar types of flooring. Remove gum and other substances, spot mop if necessary. 

3. Vacuum all carpeted areas. 
 4. Dust mop all private and
public stairways and vacuum if carpeted. 
 5. Hand dust and wipe clean all horizontal surfaces including furniture, file cabinets, fixtures, and
windowsills, using chemically treated dust cloth. 
 6. Remove fingerprints from all painted surfaces near light switches, entrance doors, drinking
fountains, etc. 
 7. Remove all gum and foreign matter on sight. 

8. Empty and clean all waste receptacles and remove waste materials to compactors. Replace liners as necessary. 

9. Damp wash interiors of all waste disposal receptacles and wash as necessary. 

10. Clean and sanitize all water fountains, and water coolers with a disinfectant solution. Wash all sinks and the floors adjacent to them on a nightly basis.

 11. Spot mop floors for spills, etc. 
 12. Clean all low
ledges, shelves, bookcases, chair rails, trim, pictures, charts etc. within reach. 
 13. Clean mirrors, metal work, glass tabletops. 

14. Upon completion of work, all slop sinks are to be thoroughly cleaned and all cleaning equipment and supplies stored neatly in locations designated by the
Management of the building. 
 15. All cleaning operations shall be scheduled so that a minimum of lights are to be left on at any time. Upon completion of
cleaning all lights are to be turned off. All entrance doors are to be kept locked during the cleaning operation. 

  
 D-1 

 16. Spot clean both sides of tenant entry glass doors. 

17. Spot clean desk tops and counter tops. 
 18. Pick up all
recyclable material and take to appropriate place. 
 Weekly 

1. Hand dust all door louvers and other ventilating louvers within reach. 

2. Dust all baseboards. 
 3. In high traffic areas, damp mop if
necessary and apply spray-buffing solution in a fine mist and buff with a synthetic pad. 
 4. Damp mop all non-carpeted and public stairways. 

5. Wipe clean all bright work. 
 6. Dust all chair rails. 

7. Dust walls up to normal reach. 
 Monthly 

1. Hose vacuum underneath all furniture. 
 2. Dust all vertical
surfaces such as walls, furniture, partitions and surfaces not reached in nightly cleaning. 
 3. Dust exterior of lighting fixtures. 

Quarterly 
 1. Dust all exterior window blinds 

2. Dust and/or clean all diffusers 
 Other 

1. Cleaning of computer rooms will be responsibility of individual tenants. 

2. Coffee stations and dishware are responsibility of the tenant. 

  
 D-2 

 II. Public Corridors, Stairwells (Emergency Egress), Service Areas 

Nightly 
 1. Vacuum and spot clean carpeting. 

2. Sweep and mop public concrete floors. 
 3. Sweep and mop
public stairwells and landings. 
 4. Clean baseboards of scuffs and marks. 

5. Clean all directories, signage kiosks, wall signage and electric kiosks. 

6. Clean corridor glass and metal work. 
 7. Spot clean walls,
ceilings, lights, etc. 
 8. Clean telephones and telephone booth areas. 

9. Dust all handrails. 
 10. Dust to hand height all horizontal
surfaces of equipment ledge, sill, shelves, radiators, frames, partitions, handrails, etc. 
 11. Clean exterior surfaces of all trash containers and
planters. 
 12. Keep slop sinks, closets, supply rooms and other janitorial areas in a clean orderly condition. 

13. Keep electrical and telephone closets clean and free of storage. 

Weekly 
 1. Clean all door vents. 

2. Dust all vertical surfaces within reach. 
 3. Sweep emergency
egress stairs and landings. 
 Monthly 
 1. Wash
all corridor glass and metal completely including atriums. 
 2. Shampoo heavily traveled carpeted areas. 

Quarterly 
 1. Clean handrails, wall mounted
equipment casings, landings, walls, kick plates in emergency egresses. 
 2. Shampoo and extract all carpeting. 

3. Damp clean inside reflectors of high hat lighting fixtures. 

  
 D-3 

 III. Restrooms 

Building Operating Hours 
 Day porters and matrons will be
assigned to perform the following: 
 1. Empty trash containers and insert new liners. 

2. Sweep and spot wash floors as necessary. 
 3. Spot clean
sinks and mirrors. Clean and spot polish shelves and metal dispensers. Check for Graffiti and spot clean if necessary. 
 4. Ensure cleanliness of urinals
and toilets. 
 5. Refill all dispenser units as needed. 

Non-Operating Hours 
 1. Damp wash, sanitize (using disinfectant
solution) and polish all fixtures including toilet bowls, urinals and wash basins. 
 2. Sweep and wash floors with approved germicidal solution. 

3. Wash and polish mirrors, powder shelves, dispensers, hand dryers, bright work including flushometers, piping and toilet seat hinges. 

4. Clean and sanitize both sides of toilet seats. 
 5. Empty all
containers and disposal units and insert new liners. 
 6. Wash and sanitize interiors and exteriors of all containers prior to inserting new liners. 

7. Empty, clean and sanitize all sanitary napkin disposal units. 

8. Dust and spot wash where necessary partitions, tile walls, dispensers, ceiling lights, switches and receptacles. 

9. Refill all dispensers to normal limits including sanitary supplies, soap, tissue, towels, etc. 

10. Remove all rubbish and transport to compactor. 
 11. Dust
ceiling door vents and doorframes. 

  
 D-4 

 Periodic 
 Monthly

 1. Machine scrub all tile floors, hand brush corners and hand brush toilet edges with approved germicidal detergent solution. 

2. Wash completely all partitions, tile walls and enamel surfaces. 

IV. Window Cleaning 
 Periodic 

Windows will be washed and cleaned a minimum of two times per year. 

  
 D-5 

 EXHIBIT E 

RULES AND REGULATIONS 
 1. The
sidewalks, entrances, passages, corridors, vestibules, halls, elevators, or stairways in or about the Building shall not be obstructed by Tenant. 
 2.
Tenant shall not place objects against glass partitions, doors or windows which would be unsightly from the Building corridor or from the exterior of the Building. All doors opening to public corridors shall be kept closed at all times except for
normal ingress and egress to the premises, unless electrical holdbacks have been installed. 
 3. Tenant shall not waste electricity or water in the
Building premises and shall cooperate fully with Landlord to assure the most effective operation of the Building heating and air conditioning systems. All regulating and adjusting of heating and air-conditioning apparatus shall be done by the
Landlord’s agents or employees. Tenant shall not use or keep in or on the Premises or the Building any kerosene, gasoline or other inflammable or combustible fluid or materials other than as permitted under the Lease. 

4. Tenant shall not use the Premises so as to cause any increase above normal insurance premiums on the Building. 

5. No bicycles, vehicles, or animals (except guide dogs for the disabled) of any kind shall be brought into or kept in or about the Premises. Any bicycles
brought into the Building shall enter through the loading dock area and stored in the basement of the Building. No space in the Building shall be used for manufacturing or for the sale of merchandise of any kind at auction or for storage thereof
preliminary to such sale. 
 6. Tenant shall cooperate with Landlord in minimizing loss and risk thereof from fire and associated perils. 

7. The water and wash closets and other plumbing fixtures shall not be used for any purposes other than those for which they were designed and constructed and
no sweepings, rubbish, rags, acid or like substance shall be deposited therein. All damages resulting from any misuse of the fixtures shall be borne by the Tenant. 

8. Landlord may from time to time adopt appropriate systems and procedures for the security or safety of the Building, any persons occupying, using, or
entering the Building, or any equipment, finishings, or contents of the Building, and Tenant will comply with Landlord’s reasonable requirements relative to such systems and procedures. 

9. No cooking will be done or permitted by Tenant within the Premises, except in areas of the Premises which are specifically constructed for cooking and
except that use by the tenant of microwave ovens and Underwriters’ Laboratory approved equipment for brewing coffee, tea, hot chocolate, and similar beverages will be permitted, provided that such use is in accordance with all applicable
federal, state, and city laws, codes, ordinances, rules, and regulations. 

  
 E-1 

 10. The elevator designated for freight by Landlord will be available for use by all tenants in the Building
during the hours and pursuant to such procedures as Landlord may determine from time to time. The persons employed to move Tenant’s equipment, material, furniture, or other property in or out of the Building must be acceptable to Landlord. All
moving operations will be conducted at such times and in such a manner as Landlord will direct, and all moving will take place during non-Business Hours unless Landlord agrees in writing otherwise. 

11. All deliveries to, and removals from the building of furniture, equipment and supplies, shall be by way of the loading dock, located on Central Street.
Delivery trucks larger than 25 feet, or those that have tailgates are prohibited to use the loading dock. It is recommended that these box trucks park along Central Street and utilize the scissor lift located in the east loading dock bay. 

12. All incoming and outgoing shipments must be moved directly, by the delivery or pick-up agent from the delivery entrance; such shipments will not be held
at the delivery entrance. Building operating personnel are not authorized to sign receipt for shipments to or from the Building. 
 13. No hand truck,
pallet truck or other type of wheeled transport shall be used in the lobbies, corridors or elevators of the Building. 
 14. Any damage to the Building or
any part thereof caused by the moving in or out of the Building of furniture, equipment, supplies, or other items, shall be repaired by the Landlord at the expense of the responsible Tenant. 

15. The property management office reserves the right to control and operate the public portions of the Building and the public facilities, as well as the
facilities furnished for the common use for the Tenant, in such manner, as they deem best of the tenants. 
 16. No additional locks or bolts of any kind
shall be placed upon any of the doors in any Tenant’s premises, and no lock on any door therein shall be changed or altered in any respect without property management approval. 

17. Building security will provide access to building electric closets only. Tenant will be required to notify the Property Management Office should a vendor
require access to the 255 State Street electric closets. 
 18. Tenant acknowledges that the Building has been designated a non-smoking building. At no time
shall Tenant permit its agents, employees, contractors, guests or invitees to smoke in the Building. Landlord has specified smoking areas to be 25’ from the south lobby entrance, located on the Central Street side of the Building. 

19. Landlord reserves the right at any time and from time-to-time to rescind, alter or waive any rule or regulation at any time prescribed for the Building,
and to impose 

  
 E-2 

 
additional reasonable rules and regulations when in its judgment deems it necessary, desirable or proper for its best interest and for the best interest of the tenants. Landlord shall give Tenant
notice of any such additional rules and regulations at the time adopted or imposed by Landlord. No alteration or waiver of any rule or regulation in favor of one tenant shall operate as an alteration or waiver in favor of any other tenant. Landlord
shall not be responsible to any tenant for the nonobservance or violation by any other tenant of any rules or regulations at any time prescribed for the Building or any part thereof. In the event of any conflict of inconsistency between the
foregoing Lease and such rules and regulations, the Lease shall govern and control. 

  
 E-3 

 EXHIBIT F 

STANDARD TENANT FIT-OUT SPECIFICATIONS FOR 255 STATE STREET 

Introduction 
 This Standard Tenant Fit-out Specification
has been prepared for the purpose of communicating expectations and minimum requirements for the design and construction of Tenant Fit-Outs. Landlord may impose additional requirements in connection with particular fit-out by tenant. 

The Landlord will provide the Tenant with available architectural and MEP drawings for use in planning. The Tenant’s consultants are responsible for
field verifying existing conditions which may impact their fitout. The Tenant’s consultants shall provide architectural/engineering services and documentation necessary for the design, permitting and construction of a Building Standard space.
Tenant’s architectural and engineering designs shall conform to all applicable regulations including but not limited to ADA and local building codes. 

The build-out shall conform to the building standards established from time-to-time by the Landlord. 

Reuse/Second Generation Space: Where minor cosmetic improvements are planned to modify an existing space formerly fit-out and occupied by a tenant, the
existing conditions may prevail as the standard. An inspection will occur between Landlord and Tenant to confirm the scope of improvements and determine the usefulness of existing fit-out components. 

Landlord Review 
 The Tenant’s design documents are
to be reviewed and approved by the Landlord/Landlord’s Agents before permitting and commencing of such work in accordance with the Lease. Landlord’s review is to confirm compliance with building standards and expectations and does not
imply approval for any code or regulatory issues. 
 Prior to enclosing any work affecting the building systems (MEP, structural, etc), the Landlord and its
consultants will review the work and produce punch list items where necessary. The Tenant will provide the Landlord with reasonable advance notice for review. Landlord will also have the opportunity to review work affecting common spaces and produce
punch list items where required. 
 Upon completion, the Tenant’s Contractor shall provide the Landlord with a complete set of electronic CAD as-built
plans in AutoCad (.dwg) format including: architectural floor and ceiling plans, electrical, mechanical, fire-sprinkler and plumbing plans, and a certified air balance report. Additionally, copies of operational manuals for MEP equipment, related
warranties, etc. should be provided. 

  
 F-1 

 Substitutions: The information given here and any manufacturers listed are intended to provide minimum
quality levels for construction standards. Substitutions will be considered but must be approved in writing by the Landlord or Landlord’s Agent. 

Coordination with Landlord 
 Logistics Plan and
Schedule 
 A preconstruction meeting will be required that includes the Tenant’s representatives and contractor as well as the
Landlord/Landlord’s agents to review logistics and schedule. The logistics plan should address any potential issues that have an effect on the common spaces, building operations or other tenants. These include but are not limited to deliveries,
staging, protection, dust/odor control, hours of operation, noise, cleaning, security/access, service shut-downs/tie-ins, etc). 
 The Tenant’s
Contractor shall provide timely, regular updates to the Landlord/Landlord’s agent on the progress of the construction, issues affecting the schedule/logistics plan or any other issues that affect the job as it progresses. Landlord’s agent
will have the opportunity to attend regular construction meetings regarding the Tenant fit-out work. 
 Protection/ Cleaning 

Tenant’s Contractor is to perform routine job site cleaning to maintain a safe and clean working environment and to not interfere with any other
Tenant’s space or building common areas (i.e. corridors, lobby, elevators, etc). No materials or debris shall be stored at any time in any common areas. 

The Tenant’s Contractor shall prevent damage as well as the spread of dust, fumes, noise, etc. by properly protecting the common areas or other Tenants
spaces. Contractor shall prepare and execute an Indoor Air Quality Management Plan that complies with the recommended Design Approaches of the Sheet Metal and Air Conditioning National Contractors Association (SMACNA) IAQ Guideline for Occupied
Buildings Under Construction, 1995, Chapter 3. 
 Any damage that may occur as a result of the fit-out shall be cured by the Tenant at no cost to Landlord
and returned to existing conditions in accordance with Landlord’s approval. 
 Shutdowns 

In the event that any interruptions are required to building services or operations (e.g. shutdowns for tie-ins, testing, etc.) the Tenant’s Contractor
shall provide a minimum advance notice of 5 business days to the Landlord’s Agent in order to facilitate coordination. Shutdowns will be outside of regular business hours. 

  
 F-2 

 Permits/fees 

All local building permit and inspection fees connected to the fit-out project shall be secured and paid by the Tenant’s Contractor. It is also the
responsibility of the Tenant’s Contractor to coordinate all necessary inspections by the particular governmental authorities in order to obtain a final Certificate of Occupancy. All necessary permits must be prominently posted at the site. 

Guarantee 
 Tenant’s Contractor agrees that
performance of work under this Contract shall be guaranteed free of defective materials and poor workmanship for a minimum period of (1) one year from final Certificate of Occupancy date. Contractor shall also provide Landlord with copies of
any applicable manufacturer’s warranties and operations manuals at the completion of the project. 
 Insurance Certificates 

Prior to any execution of work on site, the Tenant’s general contractor and subcontractors shall supply current insurance certificates to the Landlord.
Confirm the following as per 255 State Street standard contracts: 
  

	 ̈	 	Amount and type of required coverage’s. 

  

	 ̈	 	Correct project name and address. 

  

	 ̈	 	255 State Street LLC, FMR Corp, Pembroke Real Estate, Inc., CB Richard Ellis-New England Partners LP named as additional insured. 

  

	 ̈	 	Expiration date covers project duration. 

 Demolition, Waste Management 

All existing conditions as indicated on the Construction Documents (i.e. partitions, ceiling, doors, carpet, HVAC, wiring, etc.) to be removed shall be
disposed of by the Contractor in a lawful manner. “Remove” shall mean completely and entirely from the building and property unless otherwise noted by Landlord. 

Contractor shall be responsible for terminating all electrical, data, telephone and plumbing where items are removed in order to leave the space in a safe and
code compliant manner. Contractor shall note terminated utilities on the as built-drawings. 
 Each project shall have a plan to recycle construction waste
to the maximum extent possible. Contractor shall develop and implement a construction waste management plan, quantifying material diversion goal of at minimum 50% by weight of construction, demolition and packaging debris by recycling and/or
salvaging. 

  
 F-3 

 Materials and Specifications – Architectural 

Tenant Entry Doors and Hardware 
 Multi-floor tenant
entries shall consist of 3’ x 8’ solid core door (1-3/4 inch thick) with anegre veneer (stained to match approved sample) with tempered glass sidelight 2’6” x 8’. Door frames to be painted metal to match building standard
color. Where required, closers shall be surface mounted painted to match the door frame. 
 Hardware shall consist of Schlage L-Series mortise lock (Lever
Model: 12 605 with small rose), two pair butt hinges, closer, silencer, floor stop, all in brushed stainless steel finish. All hardware shall have interchangeable cores manufactured by Sergeant HB Series sequence 48D order #1-07087 through Pasek
Lock Company. Any security requirements of the Tenant must be reviewed by Landlord. 
 Single floor tenant entrances may vary from the Building Standard,
subject to, Landlord’s prior review and approval. 
 Card Access System and Suite Keys 

All Security Cards must be “Proximity” type #1690207 to be compatible with the base building system. 

Tenant’s Contractor to supply (5) five keys, unless specified otherwise, to Landlord to be keyed on Landlord’s master using Landlord’s
approved keying vendor. 
 Partitions at Windows 

Partitions should align with center lines of vertical window mullions and avoid offsets that are exposed to the exterior. Exceptions to be reviewed and
approved by Landlord. 
 Perimeter Ceiling Soffits 

Dropped ceilings lower than the exterior window head height shall have painted drywall soffits and shall be installed no closer to the window frame than
24”. Soffits must be constructed of drywall, all other materials including ACT is not acceptable. 
 Ceiling Tile 

24” x 24” Ultima by Armstrong with a Beveled Tegular edge to coordinate with the standard suspension system. Color-White. 

Window Blinds 
 Exterior Window blinds are Riviera Classic
1” wide horizontal aluminum slats by Levolor Corporation, Color: white. No window film is permitted on exterior glass. 
 Wood Blocking 

Contractor shall provide proper blocking/plywood for all wall openings for mechanical, electrical and architectural features (i.e. shelving, doors, stops,
toilet partitions, restroom accessories, and kitchen accessories to be installed in or on walls. Blocking/Plywood shall be fire rated where required. All composite and substrate wood such as plywood or MDF shall not contain added urea-formaldehyde
resins. 

  
 F-4 

 VOC Limitations (Paints, Adhesives, Sealants and Sealant Primers) 

For all interior applications, incorporate VOC material limits as outlined in South Coast Air Quality Management District (SCAQMD) Rule #1168. (See APAC
Adhesives example below). 
 Paint 
 Paint shall be
certified low odor, low VOC as manufactured by Benjamin Moore, ICI or approved equal. 
 Signage 

All signage visible from common areas (including single tenant floor entrances) must be approved by the Landlord. No signage shall be visible from the exterior
of the building. 
 Signage locations in common areas: 
  

	•	 	Main Lobby: Main lobby directory provided by Landlord. 

  

	•	 	Multi Tenant Elevator Lobby Signage: Elevator lobby directory provided by Landlord. 

  

	•	 	Tenant Entry Signage at Multi-Tenant Lobby Floors: Signage review and approval required by Landlord. 

  

	•	 	Full Floor Tenant Entry Signage: Signage review and approval required by Landlord. 

 Appliances 

All appliances are the responsibility of the tenant and are to be EnergyStar rated. 

Materials and Specifications – Heating, Ventilation & Air Conditioning 

General 
 Heat and air-conditioning is supplied to the
floor by means of perimeter Titus DFCL series fan powered boxes and interior Titus DFCL series fan powered boxes. The fan powered boxes all work in conjunction with the ring duct that supplies primary air to the floor’s core area. The ring duct
is considered to be a base building item and is provided by the owner. All branch lines off of the ring duct, fan powered boxes, and exhaust fans (if not existing) are tenant related expenses. Base Building Wall-mounted thermostats are TAC Model
#ACI/10K-TAC. Any alteration to this configuration is a tenant expense. 

  
 F-5 

 The Building Management System “BMS” is a BMS Network by TAC Inc., the base building controls
contractor. 
 All spaces shall be balanced for heating and cooling efficiency and maximum comfort. Contractor to provide Landlord with Certified Balancing
report prepared by N.E.B.B. certified contractor. 
 The selection of HVAC equipment (fan powered boxes, heat pumps, etc) is to be approved by Landlord. It
will be the responsibility of the Tenant’s Contractor to coordinate with the Landlord during bid process. 
 HVAC subcontractor to provide mechanical
schematic and design with bid for review and approval by Landlord. Tenant’s Contractor to provide CAD as-built diagrams of new space serviced by HVAC and (1) one copy of all warranty and maintenance manuals upon completion of job, the
closeout package. 
 Zoning 
 Provide appropriate zoning
according to the following guidelines: 
 Interior Zones – interior zones must be separate from perimeter zones. The particular zones will be
determined by the design team and will be based on the space layout. 
 Private Offices – must have active controls to modulate the system when the
space is unoccupied. 
 Kitchens, Conference Rooms, etc. - must have active controls to modulate the system when the space is unoccupied. 

Demand controlled ventilation (DCV) should be considered in large, variable occupancies to avoid conditioning outdoor air when the space is partially or
completely unoccupied. DCV is typically achieved by using wall mounted Carbon Dioxide (CO2) Sensors. 
 Ductwork Distribution 

All medium pressure, high pressure, flex, changes and additions must be approved by Landlord. 

All ductwork from trunk line shall have volume dampers installed. 

Fire dampers must be installed through any demising wall that may be affected. 

Runs of flex duct are not to exceed ten (10) feet, and shall comply with all code and industry requirements. Stove pipe aluminum extension from hard duct
is allowed so long as it is insulated. All flex duct to be insulated. 

  
 F-6 

 All enclosed rooms to have at least one supply air diffuser and one return (excluding closets). All square
diffusers must be louvered faced. Undercut doors may be considered a return depending on the carpet weight. All transfer grills to have two 90 degree angles between openings and must be insulated. 

Duct Construction 
 Gage, pressure, material, class
hanging methods, sealing, etc. changes and additions must be approved by Landlord. 
 All sealants to meet VOC material limits as outlined in South Coast
Air Quality Management District (SCAQMD) Rule #1168. 
 Coordinate all work with Indoor Air Quality Management Plan as per Division One
“Protection” including capping ductwork. 
 All hard ductwork shall be galvanized sheet metal per SMACNA standards. Hard duct (excluding returns)
must be insulated with external duct wrap (1/2” or better). Any interior acoustical duct shall be lined with sheet metal. All un-insulated existing metal ductwork shall be insulated with external duct wrap. 

Duct Insulation 
 Size, material, R-value, lining, etc
changes and additions must be approved by Landlord. 
 Fan Powered Boxes 

Manufacturer and type: Titus DFCL Series. All office spaces shall have variable air volume, multi-zoned HVAC systems unless otherwise approved by Landlord. All
boxes shall be Titus or equivalent quality and all perimeter VAV boxes shall be fan powered with electric heat as required. 
 Diffusers 

Manufacturer and type: Titus. 
 Linear Diffusers 

Manufacturer and type: Titus. 
 Return Diffusers 

Manufacturer and type: Titus, concealed type. 
 Thermostats

 Manufacturer and type: TAC Model #ACI/10K-TAC. 

  
 F-7 

 Controls/Energy Management System 

All thermostats shall be manufactured by TAC and all final connections will be scheduled with Property Management for work to be performed by the base building
controls contractor, TAC, Inc. 
 Duct Hanging Methods 

Must comply with all SMACNA standards. 
 Data/IDF Room Cooling

 All split system units shall be Trane or equivalent quality and designed for each space and specific use as required. 

Materials and Specifications – Electrical 
 Switches,
Outlets & Devices 
 All switches, plates and devices shall be white. Office switching device shall be occupancy sensor type manufactured by
Leviton or equivalent. 
 Smoke Detectors 
 Smoke
Detectors shall be installed where required by code or at the direction of the building department and/or fire department. Final tie-in of all devices to the base building fire alarm system will be coordinated with Property Management and performed
by the base building fire alarm contractor. All devices must be compatible with the Notifier AM2020/AFP1010 base building fire alarm system. 
 Fire
Alarm Annunciator/Strobe 
 Fire Alarm Speaker/Strobes shall be installed where required by code or at the direction of the building department and/or
fire department and shall be compatible with the Notifier AM2020/AFP1010 base building fire alarm system. Final tie-in of all devices to the base building fire alarm system will be coordinated with Property Management and performed by the base
building fire alarm contractor. 
 Power Panels: Power Receptacles 

The base building power panels are GE Spectra Series / “A” Series. All electrical equipment shall be installed as per local or national code.
Tenant’s electrical equipment and wiring/conduits shall be clearly labeled. 
 Power Disconnects/Distribution System 

The base building electric disconnects are GE Spectra RMS Bus Plug / Hi-Break type. 

  
 F-8 

 Meters 

Office space and office floors not metered by NStar, the local utility will require a tenant check meter. Tenant check meters will be manufactured by E-mon
Demon or equal. 
 Lighting Fixtures 
 General office
lighting shall be high-performance, energy efficient fluorescent light fixture 2 x 2 Direct/Indirect fluorescent fixtures (T8 lamps). Recessed downlights to be compact fluorescent light fixtures. 

Re-lamp Second Generation Space 
 If existing lighting is
T-12 then Contractor shall inform Landlord for approval of re-lamping with F32 T-8 electronic ballast light lens with #841 tubes or other more energy efficient lighting fixture. Landlord shall approve all re-lamping bulbs, ballasts and fixtures so
as to obtain a standard throughout the building. 
 Exit Signs 

Lithonia Precise Edge-Lit Green LED exit lights. Locate exit lighting in tenant areas as directed by architect. 

Telephone/ Data Rooms 
 The Tenant is required to provide
all individual tel/data equipment in an area other than the building Tel/Data Closet. The Tenant must provide plywood backboards for mounting of required equipment. Tenant tel/data wiring and equipment shall be clearly labeled. 

Communications Rough-ins 
 Tel/Data Communications
equipment and installation shall remain the responsibility of the Tenant. Rough-ins can be coordinated with the tenant buildout, but is the responsibility of the Tenant. All communications wiring that is installed by the tenant above the ceiling
shall be plenum rated and shall be suspended from the slab above. All wiring shall conform to applicable codes. Demolition of obsolete wiring is the responsibility of the Tenant. Pipes and conduits shall avoid adjacent tenant spaces and those that
pass through common core building areas must be labeled with Tenant’s name and use. 
 Telephone Outlets 

Contractor to provide outlets with conduit to above ceiling along with pull cord. Tenant will make arrangements with and pay for telephone and data cabling
installation within the demised premises and will cause phone installation work to be performed at a time compatible with Landlord’s work. Telephone and data cabling installation shall be in compliance with all local, state and federal code
requirements. Telephone and data cabling contractor must be licensed. Telephone and/or data cabling contractor shall provide copies of installer’s license, electrical exemption certificate, permits and municipal approvals to Contractor and
Landlord. 

  
 F-9 

 (A.) All old or unusable above ceiling and in-wall communication lines must be removed and disposed of prior to
installation of new lines. 
 (B.) All wiring shall be plenum fire rated wire. 

Materials and Specifications – Fire Protection and Plumbing 

Fire Protection 
 Provide all alarms, horn strobes and
bells (including replacement of existing product) to comply with all NFPA ADA, local Fire Marshall and other applicable codes and regulations. Landlord’s authorized contractor to be used for the above work. Landlord requires
(48) forty-eight hours notice to put the building on test for installation purposes. 
 Sprinkler 

Relocate or add sprinkler heads to meet all applicable codes and regulations. Review with Landlord any insurance requirements that may affect the sprinkler
system. All heads are concealed type and locations shall meet low and high hazard areas as required. For installation/relocation purposes, Landlord requires (48) forty-eight hours notice to put the building on test. 

Fire Extinguishers 
 Fire extinguishers shall be installed
where required by the local fire department. Where space allows flush, recessed extinguisher cabinets shall be provided. If space is not available, surface-mounted fire extinguishers shall be installed. 

Hot water tank 
 Hot water point of use and under the
counter instant hot tanks must be accessible from all sides for repair and maintenance. All new point of use and instant hot water tanks shall be monitored by Leak Detection and have drip pans mounted below with drainage. 

General Base Building Information 
 Number of Floors

 12 Floors 
 Corridor & Typical Tenant Suite
Standard Finishes 
 Each floor is an open floor environment with approximately 10’ 4” foot clearance from top of slab to underside of the deck
above. Building standard ceiling height is approximately 8’-2”. Core walls and exterior columns are drywall finished and are in paint-ready condition. Window soffits and perimeter induction covers are in place and are in paint-ready
condition. The concrete floor slab is skimmed as required and made ready to receive carpet or other flooring. 

  
 F-10 

 Individual floor lobbies are built to tenant specifications with Landlord review and approval. Multi-tenant
floors are built to building standards and are compliant with the most recent fire code for multi-tenant floors. 
 Structural 

Office Floor Loading is designed for: 
  

					
	 Live Load
	  	 	80psf	  
		
	 Partition Load
	  	 	20psf	  
		
	 TOTAL
	  	 	100psf	  

 No coring of the floor is permitted without prior approval by the Landlord/ Landlord’s agent. X-ray verification shall be
performed to verify the location of any obstructions/reinforcements. 
 The Landlord will provide a F(F) factor of 15-20 in accordance with the F-number
system provided by the American Concrete Institute for the Specification and measurement of concrete floor flatness and levelness. 
 Elevators 

The building has five (5) passenger elevators and two freight elevators Freight Elevator #6 can accommodate up to 2,500 pounds, and materials up to
16’ in length. Freight/Passenger Elevator #4 can accommodate up to 3,000 pounds, and materials up to 16’ in length with hatch access only (requires two elevator mechanics, cost incurred by tenant). 

Loading Dock & Parking 
 The building loading
dock is located on Central Street side of the building. The loading dock is staffed by security 5:00 AM to 6:00 PM Monday – Friday and Saturdays between 7:00 AM to 1:00 PM. The dock can accommodate one truck up to 24’ in length with an
overhead clearance of up to 10 ‘ 6”. Tailgate deliveries allowed with street parking only and must be coordinated with Property Management. 

Emergency Generator/Back-up Power 
 The building has
(1) one emergency diesel powered generator to power the base building’s life safety systems, elevators and emergency lighting and is located on the roof of the building. 

Base Building Engineer 
 R.G. Vanderweil Engineering. 

  
 F-11 

 HVAC System 

The HVAC system consists of Trane; floor mounted, water cooled, self contained units. 

Cooling Tower 
 700 Tons, multi-celled. 

Economizer Mode 
 Delivers chilled water at 45 degrees
Fahrenheit when outdoor conditions permit. 
 Heat Pumps 

All supplemental heat pumps that do not have economizer coils must be extended range type. 

Fresh Air 
 Outdoor air is delivered at a rate of
20/CFM per person based on one person per 150 usable square feet, as per BOCA National Mechanical Code. 
 HVAC Equipment (each floor) 

Each office floor will be served by a 55 ton water-cooled package air conditioning unit, with one set of (2) two compressors and a water side economizer
coil. 
 Floor Distribution 
 Air distribution is
provided by variable air volume (VAV) boxes. The VAV boxes are equipped with electric heating coils and built-in transformer controls. 
 Plumbing

 Two wet stacks are available, (1) one is off the woman’s toilet room plumbing chase and (2) two is at the elevator core on each floor
for waste tie-ins. Domestic water connections are off the woman’s room plumbing chase. 
 Glazing 

Thermally efficient insulated glazing system. 
 Main Telephone
Room 
 Located in the basement. Fiber optic service is available. 

  
 F-12 

 EXHIBIT G 

[Intentionally Deleted] 

  
 G-1 

 EXHIBIT H 

FORM OF 

SUBORDINATION, NONDISTURBANCE AND ATTORNMENT AGREEMENT 

This SUBORDINATION, NONDISTURBANCE, AND ATTORNMENT AGREEMENT (this “Agreement”) is entered into as of
            , 2015 (the “Effective Date”), between BANK OF AMERICA, N.A., a national banking association, whose address is 225 Franklin Street, Boston, Massachusetts 02110,
Attention: Commercial Real Estate Banking (“Mortgagee”), and                     , a
                    , whose address is
                     (“Tenant”), with reference to the following facts: 

A. 255 STATE STREET LLC, a Delaware limited liability company whose address is
                     (“Landlord”), owns certain real property located in 255 State Street, Boston, Massachusetts (such real property,
including all buildings, improvements, structures and fixtures located thereon, “Landlord’s Premises”), as more particularly described in Schedule A. 

B. Mortgagee has made a loan to Landlord in the original principal amount of $43,000,000.00 (the “Loan”). 

C. To secure the Loan, Landlord has encumbered Landlord’s Premises by entering into that certain Mortgage, Assignment of Leases and
Rents, Security Agreement and Fixture Filing dated April 3, 2013, for the benefit of Mortgagee (as amended, increased, renewed, extended, spread, consolidated, severed, restated, or otherwise changed from time to time, the
“Mortgage”) recorded or to be recorded in the Public Records of Suffolk County, Massachusetts (the “Land Records”). 

D. Pursuant to a Lease, dated as of             , 20     (the
“Lease”); Landlord demised to Tenant a portion of Landlord’s Premises (“Tenant’s Premises”). Tenant’s Premises are commonly known as
                    . 
 E. Tenant and
Mortgagee desire to agree upon the relative priorities of their interests in Landlord’s Premises and their rights and obligations if certain events occur. 

NOW, THEREFORE, for good and sufficient consideration and intending to be legally bound hereby, Tenant and Mortgagee agree: 

1. Definitions. The following terms shall have the following meanings for purposes of this Agreement. 

1.1. “Construction-Related Obligation(s)” means any obligation of Landlord under the Lease to make, pay for,
or reimburse Tenant for any alterations, demolition, or other improvements or work at Landlord’s Premises, including Tenant’s Premises. Construction-Related Obligations shall not include: (a) reconstruction or repair following fire,
casualty or condemnation; or (b) day-to-day maintenance and repairs. 

  
 H-1 

 1.2. “Foreclosure Event” means: (a) foreclosure under the
Mortgage; (b) any other exercise by Mortgagee of rights and remedies (whether under the Mortgage or under applicable law, including bankruptcy law) as holder of the Loan and/or the Mortgage, as a result of which Successor Landlord becomes owner
of Landlord’s Premises; or (c) delivery by Landlord to Mortgagee (or its designee or nominee) of a deed or other conveyance of Landlord’s interest in Landlord’s Premises in lieu of any of the foregoing. 

1.3. “Former Landlord” means Landlord and any other party that was landlord under the Lease at any time before
the occurrence of any attornment under this Agreement. 
 1.4. “Offset Right” means any right or alleged
right of Tenant to any offset, defense (other than one arising from actual payment and performance, which payment and performance would bind a Successor Landlord pursuant to this Agreement), claim, counterclaim, reduction, deduction, or abatement
against Tenant’s payment of Rent or performance of Tenant’s other obligations under the Lease, arising (whether under the Lease or other applicable law) from Landlord’s breach or default under the Lease. 

1.5. “Rent” means any fixed rent, base rent or additional rent under the Lease. 

1.6. “Successor Landlord” means any party that becomes owner of Landlord’s Premises as the result of a
Foreclosure Event. 
 1.7. “Termination Right” means any right of Tenant to cancel or terminate the Lease or
to claim a partial or total eviction arising (whether under the Lease or under applicable law) from Landlord’s breach or default under the Lease. 

2. Subordination. The Lease, including all rights of first refusal, purchase options and other rights of purchase, shall be, and shall
at all times remain, subject and subordinate to the Mortgage, the lien imposed by the Mortgage, and all advances made under or secured by the Mortgage. 

3. Nondisturbance; Recognition; and Attornment. 

3.1. No Exercise of Mortgage Remedies Against Tenant. So long as the Lease has not been terminated on account of Tenant’s default
that has continued beyond applicable cure periods (an “Event of Default”), Mortgagee shall not name or join Tenant as a defendant in any exercise of Mortgagee’s rights and remedies arising upon a default under the Mortgage
unless applicable law requires Tenant to be made a party thereto as a condition to proceeding against Landlord or prosecuting such rights and remedies. In the latter case, Mortgagee may join Tenant as a defendant in such action only for such purpose
and not to terminate the Lease or otherwise adversely affect Tenant’s rights under the Lease or this Agreement in such action. 

  
 H-2 

 3.2. Nondisturbance and Attornment. If the Lease has not been terminated on account of an
Event of Default by Tenant, then, when Successor Landlord takes title to Landlord’s Premises: (a) Successor Landlord shall not terminate or disturb Tenant’s possession of Tenant’s Premises under the Lease, except in accordance
with the terms of the Lease and this Agreement; (b) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (c) Tenant shall recognize and attorn to Successor
Landlord as Tenant’s direct landlord under the Lease as affected by this Agreement; and (d) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between
Successor Landlord and Tenant. 
 3.3. Further Documentation. The provisions of this Article shall be effective and self-operative
without any need for Successor Landlord or Tenant to execute any further documents. Tenant and Successor Landlord shall, however, confirm the provisions of this Article in writing upon request by either of them. 

4. Protection of Successor Landlord. Notwithstanding anything to the contrary in the Lease or the Mortgage, Successor Landlord shall
not be liable for or bound by any of the following matters: 
 4.1. Claims Against Former Landlord. Any Offset Right
that Tenant may have against any Former Landlord relating to any event or occurrence before the date of attornment, including any claim for damages of any kind whatsoever as the result of any breach by Former Landlord that occurred before the date
of attornment. (The foregoing shall not limit either (a) Tenant’s right to exercise against Successor Landlord any Offset Right otherwise available to Tenant because of events occurring after the date of attornment, or (b) Successor
Landlord’s obligation to correct any conditions that existed as of the date of attornment and violate Successor Landlord’s obligations as landlord under the Lease.) 

4.2. Acts or Omissions of Former Landlord. Any act, omission, default, misrepresentation, or breach of warranty, of any
previous landlord (including Former Landlord) or obligations accruing prior to Successor Landlord’s actual ownership of the Property. 

4.3. Prepayments. Any payment of Rent that Tenant may have made to Former Landlord more than thirty (30) days
before the date such Rent was first due and payable under the Lease with respect to any period after the date of attornment other than, and only to the extent that, the Lease expressly required such a prepayment. 

4.4. Payment; Security Deposit. Any obligation (a) to pay Tenant any sum(s) that any Former Landlord owed to
Tenant, or (b) with respect to any security deposited with Former Landlord, unless such security was actually delivered to Mortgagee. This paragraph is not intended to apply to Landlord’s obligation to make any payment that constitutes a
Construction-Related Obligation. 

  
 H-3 

 4.5. Modification; Amendment; or Waiver. Any modification or amendment of
the Lease, or any waiver of any terms of the Lease, made without Mortgagee’s written consent. 
 4.6. Surrender;
Etc. Any consensual or negotiated surrender, cancellation, or termination of the Lease, in whole or in part, agreed upon between Landlord and Tenant, unless effected unilaterally by Tenant pursuant to the express terms of the Lease. 

4.7. Construction-Related Obligations. Any Construction-Related Obligation of Landlord under the Lease. 

4.8. Default Under Mortgage. In the event that Mortgagee notifies Tenant of a default under the Mortgage and demands
that Tenant pay its rent and all other sums due under the Lease directly to Mortgagee, Tenant shall honor such demand and pay the full amount of its rent and all other sums due under the Lease directly to Mortgagee, without offset, or as otherwise
required pursuant to such notice beginning with the payment next due after such notice of default, without inquiry as to whether a default actually exists under the Mortgage and notwithstanding any contrary instructions of or demands from Landlord.

 5. Exculpation of Successor Landlord. Notwithstanding anything to the contrary in this Agreement or the Lease, upon any attornment
pursuant to this Agreement the Lease shall be deemed to have been automatically amended to provide that Successor Landlord’s obligations and liability under the Lease shall never extend beyond Successor Landlord’s (or its successors’
or assigns’) interest, if any, in Tenant’s Premises from time to time, including insurance and condemnation proceeds, Successor Landlord’s interest in the Lease, and the proceeds from any sale or other disposition of Tenant’s
Premises by Successor Landlord (collectively, “Successor Landlord’s Interest”). Tenant shall look exclusively to Successor Landlord’s Interest (or that of its successors and assigns) for payment or discharge of any obligations of
Successor Landlord under the Lease as affected by this Agreement. If Tenant obtains any money judgment against Successor Landlord with respect to the Lease or the relationship between Successor Landlord and Tenant, then Tenant shall look solely to
Successor Landlord’s Interest (or that of its successors and assigns) to collect such judgment. Tenant shall not collect or attempt to collect any such judgment out of any other assets of Successor Landlord. In addition to any limitation of
liability set forth in this Agreement, Mortgagee and/or its successors and assigns shall under no circumstances be liable for any incidental, consequential, punitive, or exemplary damages. 

6. Mortgagee’s Right to Cure. 

6.1. Notice to Mortgagee. Notwithstanding anything to the contrary in the Lease or this Agreement, before exercising any
Termination Right or Offset Right, Tenant shall provide Mortgagee with notice of the breach or default by Landlord giving rise to same (the “Default Notice”) and, thereafter, the opportunity to cure such breach or default as provided for
below. 

  
 H-4 

 6.2. Mortgagee’s Cure Period. After Mortgagee receives a Default
Notice, Mortgagee shall have a period of thirty (30) days beyond the time available to Landlord under the Lease in which to cure the breach or default by Landlord. Mortgagee shall have no obligation to cure (and shall have no liability or
obligation for not curing) any breach or default by Landlord, except to the extent that Mortgagee agrees or undertakes otherwise in writing. 

6.3. Extended Cure Period. In addition, as to any breach or default by Landlord the cure of which requires possession
and control of Landlord’s Premises, provided only that Mortgagee undertakes to Tenant by written notice to Tenant within thirty (30) days after receipt of the Default Notice to exercise reasonable efforts to cure or cause to be cured by a
receiver such breach or default within the period permitted by this paragraph, Mortgagee’s cure period shall continue for such additional time (the “Extended Cure Period”) as Mortgagee may reasonably require to either (a) obtain
possession and control of Landlord’s Premises and thereafter cure the breach or default with reasonable diligence and continuity, or (b) obtain the appointment of a receiver and give such receiver a reasonable period of time in which to
cure the default. 
 7. Confirmation of Facts. Tenant represents to Mortgagee and to any Successor Landlord, in each case as of the
Effective Date: 
 7.1. Effectiveness of Lease. The Lease is in full force and effect, has not been modified, and
constitutes the entire agreement between Landlord and Tenant relating to Tenant’s Premises. Tenant has no interest in Landlord’s Premises except pursuant to the Lease. No unfulfilled conditions exist to Tenant’s obligations under the
Lease. 
 7.2. Rent. Tenant has not paid any Rent that is first due and payable under the Lease more than thirty
(30) days in advance. 
 7.3. No Landlord Default. To the best of Tenant’s knowledge, no breach or default
by Landlord exists and no event has occurred that, with the giving of notice, the passage of time or both, would constitute such a breach or default. 

7.4. No Tenant Default. Tenant is not in default under the Lease and has not received any uncured notice of any default
by Tenant under the Lease. 
 7.5. No Termination. Tenant has not commenced any action nor sent or received any notice
to terminate the Lease. Tenant has no presently exercisable Termination Right(s) or Offset Right(s). 
 7.6. Commencement
Date. The “Commencement Date” of the Lease was                     . 

  
 H-5 

 7.7. No Transfer. Tenant has not transferred, encumbered, mortgaged,
assigned, conveyed or otherwise disposed of the Lease or any interest therein, other than sublease(s) made in compliance with the Lease. 

7.8. Due Authorization. Tenant has full authority to enter into this Agreement, which has been duly authorized by all
necessary actions. 
 8. Tenant Covenants. Tenant shall not, without obtaining the prior written consent of Mortgagee, (a) enter
into any agreement amending, modifying, extending, restating or terminating the Lease, (b) prepay any of the rents, additional rents or other sums due under the Lease for more than one (1) month in advance of the due dates thereof,
(c) voluntarily surrender the Tenant’s Premises demised under the Lease or terminate the Lease without cause or shorten the term thereof, or (d) assign the Lease or sublet the Tenant’s Premises or any part thereof other than
pursuant to the provisions of the Lease; and any such amendment, modification, termination, prepayment, voluntary surrender, assignment or subletting, without Mortgagee’s prior consent, shall not be binding upon Mortgagee. 

9. Miscellaneous. 

9.1. Notices. All notices or other communications required or permitted under this Agreement shall be in writing and
given by certified mail (return receipt requested) or by nationally recognized overnight courier service that regularly maintains records of items delivered. Each party’s address is as set forth in the opening paragraph of this Agreement,
subject to change by notice under this paragraph. Notices shall be effective the next business day after being sent by overnight courier service, and five (5) business days after being sent by certified mail (return receipt requested). 

9.2. Successors and Assigns. This Agreement shall bind and benefit the parties, their successors and assigns, any
Successor Landlord, and its successors and assigns. If Mortgagee assigns the Mortgage, then upon delivery to Tenant of written notice thereof accompanied by the assignee’s written assumption of all obligations under this Agreement, all
liability of the assignor shall terminate. 
 9.3. Entire Agreement. This Agreement constitutes the entire agreement
between Mortgagee and Tenant regarding the subordination of the Lease to the Mortgage and the rights and obligations of Tenant and Mortgagee as to the subject matter of this Agreement. 

9.4. Interaction with Lease and with Mortgage. If this Agreement conflicts with the Lease, then this Agreement shall
govern as between the parties and any Successor Landlord, including upon any attornment pursuant to this Agreement. This Agreement supersedes, and constitutes full compliance with, any provisions in the Lease that provide for subordination of the
Lease to, or for delivery of nondisturbance agreements by the holder of, the Mortgage. Mortgagee confirms that Mortgagee has consented to Landlord’s entering into the Lease. 

  
 H-6 

 9.5. Mortgagee’s Rights and Obligations. Except as expressly provided
for in this Agreement, Mortgagee shall have no obligations to Tenant with respect to the Lease. If an attornment occurs pursuant to this Agreement, then all rights and obligations of Mortgagee under this Agreement shall terminate, without thereby
affecting in any way the rights and obligations of Successor Landlord provided for in this Agreement. 
 9.6.
Interpretation; Governing Law. The interpretation, validity and enforcement of this Agreement shall be governed by and construed under the internal laws of the Commonwealth of Massachusetts, excluding its principles of conflict of laws. 

9.7. Amendments. This Agreement may be amended, discharged or terminated, or any of its provisions waived, only by a
written instrument executed by the party to be charged. 
 9.8. Execution. This Agreement may be executed in any
number of counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. 

9.9. Mortgagee’s Representation. Mortgagee represents that Mortgagee has full authority to enter into this
Agreement, and Mortgagee’s entry into this Agreement has been duly authorized by all necessary actions. 
 [Remainder of the Page
Intentionally Left Blank] 

  
 H-7 

 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered under seal by Mortgagee
and Tenant as of the Effective Date. 
  

					
	MORTGAGEE
	
	BANK OF AMERICA, N.A., a national banking association
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	
	TENANT
	
	                    ,
	a                     
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 [Subordination, Nondisturbance and Attornment – Signature Page] 

 COMMONWEALTH OF MASSACHUSETTS 

                    , ss. 

On this      day of             , 2015, before me, the
undersigned notary public, personally appeared                     , as
                     of Bank of America, N.A., proved to me through satisfactory evidence of identification, which was personal knowledge, to be the
person whose name is signed on the preceding or attached document, and acknowledged to me that he/she signed it voluntarily for its stated purpose. 
  

	
	  

	Notary Public
	My commission expires:

 COMMONWEALTH OF MASSACHUSETTS 

                    , ss. 

On this      day of             , 2015, before me, the
undersigned notary public, personally appeared                     , as
                     of                     ,
proved to me through satisfactory evidence of identification, which was personal knowledge, to be the person whose name is signed on the preceding or attached document, and acknowledged to me that he/she signed it voluntarily for its stated purpose.

  

	
	  

	Notary Public
	My commission expires:

 [Subordination, Nondisturbance and Attornment – Notary Page] 

 LANDLORD’S CONSENT 

Landlord consents and agrees to the foregoing Agreement, which was entered into at Landlord’s request. The foregoing Agreement shall not
alter, waive or diminish any of Landlord’s obligations under the Mortgage or the Lease. The above Agreement discharges any obligations of Mortgagee under the Mortgage and related loan documents to enter into a nondisturbance agreement with
Tenant. Tenant is hereby authorized to pay its rent and all other sums due under the Lease directly to Mortgagee upon receipt of a notice as set forth in Section 4.8 above from Mortgagee and that Tenant is not obligated to inquire as to whether
a default actually exists under the Mortgage. Landlord is not a party to the above Agreement. 
  

			
	LANDLORD:
	
	255 STATE STREET LLC
	
	  

	Name:	 	
	Title:	 	

 Dated:             , 20     

[Subordination, Nondisturbance and Attornment – Landlord’s Consent] 

 COMMONWEALTH OF MASSACHUSETTS 

                    , ss. 

On this      day of             , 2015, before me, the
undersigned notary public, personally appeared                     , as
                     of 255 State Street LLC, proved to me through satisfactory evidence of identification, which was personal knowledge, to be the
person whose name is signed on the preceding or attached document, and acknowledged to me that he/she signed it voluntarily for its stated purpose. 
  

	
	  

	Notary Public
	My commission expires:

 [Subordination, Nondisturbance and Attornment – Notary Page] 

 SCHEDULE A 

Description of Landlord’s Premises 

Schedule A 

 EXHIBIT I 

FORM OF LETTER OF CREDIT 
  

					
	 BENEFICIARY:
  

255 State Street, LLC
 c/o Pembroke Real Estate, Inc.

255 State Street
 Boston, MA 02109

Attn: Chief Financial Officer
	 		 	 ISSUANCE DATE:
  

            ,         

 
 IRREVOCABLE STANDBY

 
 LETTER OF CREDIT NO.
            

			
	ACCOUNTEE/APPLICANT:	 		 	 MAXIMUM/AGGREGATE
  

CREDIT AMOUNT:
  

USD $         

	  
	 		 

 GENTLEMEN: 
 We hereby establish
our unconditional irrevocable letter of credit in your favor for account of the applicant up to an aggregate amount not to exceed                  and 00/100 US Dollars
($        ) available by your draft(s) drawn on ourselves at sight, accompanied by: 
 Your statement, signed by a
purportedly authorized officer/official certifying that the Beneficiary is entitled to draw upon this Letter of Credit (in the amount of the draft submitted herewith) pursuant to Article 12 of the lease (the “Lease”)
dated             , 201   by and between 255 State Street, L.L.C., as Landlord, and
                    , as Tenant, relating to premises at 255 State Street, Boston, Massachusetts. 

Draft(s) must indicate name and issuing bank and credit number and must be presented at this office. 

You shall have the right to make partial draws against this Letter of Credit, in multiple draws which may be made by you from time to time, without additional
charges. This Letter of Credit shall be assignable by you without additional charge. 
 Except as otherwise expressly stated herein, this Letter of Credit
is subject to the Uniform Customs and Practices for Documentary Credits, International Chamber of Commerce International Standby Practices Publication No. 590 (1998 Revision). Except as expressly stated herein, this undertaking is not subject
to any agreements, requirements or qualification. Our obligation under this Letter of Credit is our individual obligation and is in no way contingent upon reimbursement with respect thereto, or upon our ability to perfect any lien, security interest
or any other reimbursement. 

  
 I-1 

 This Letter of Credit shall expire at our office on
            ,          (the “Stated Expiration Date”). It is a condition of this Letter of Credit that the Stated Expiration Date shall be
deemed automatically extended without amendment for successive one (1) year periods from such Stated Expiration Date, unless at least sixty (60) days prior to such Stated Expiration Date (or any anniversary thereof) we shall notify you and
the Accountee/Applicant in writing by registered mail (return receipt) that we elect not to consider this Letter of Credit extended for any such additional one (1) year period. 

We engage with you that all drafts drawn under and in compliance with the terms of this letter of credit will be duly honored on presentation to us. 

 

	
	Very truly yours,
	
	Authorized Signatory

  
 I-2

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