Document:

EX-4.3

 EXHIBIT 4.3 

EQUIFAX INC. 
 U.S. BANK
NATIONAL ASSOCIATION, as Trustee 
 INDENTURE 

DATED AS OF     , 2016 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE 1 DEFINITIONS AND OTHER PROVISIONS OF GENERAL
APPLICATION
	  	 	1	  
			
	 SECTION 101.
	  	 Definitions.
	  	 	1	  
	 SECTION 102.
	  	 Compliance Certificates and Opinions.
	  	 	10	  
	 SECTION 103.
	  	 Form of Documents Delivered to Trustee.
	  	 	10	  
	 SECTION 104.
	  	 Acts of Holders.
	  	 	11	  
	 SECTION 105.
	  	 Notices, etc., to Trustee and Company.
	  	 	12	  
	 SECTION 106.
	  	 Notice to Holders; Waiver.
	  	 	13	  
	 SECTION 107.
	  	 Counterparts; Effect of Headings and Table of Contents.
	  	 	13	  
	 SECTION 108.
	  	 Successors and Assigns.
	  	 	13	  
	 SECTION 109.
	  	 Severability Clause.
	  	 	14	  
	 SECTION 110.
	  	 Benefits of Indenture.
	  	 	14	  
	 SECTION 111.
	  	 Governing Law.
	  	 	14	  
	 SECTION 112.
	  	 Legal Holidays.
	  	 	14	  
	 SECTION 113.
	  	 Immunity of Stockholders, Directors, Officers and Agents of the Company.
	  	 	14	  
	 SECTION 114.
	  	 Conflict With Trust Indenture Act.
	  	 	15	  
	 SECTION 115.
	  	 Communication By Holders With Other Holders.
	  	 	15	  
		
	 ARTICLE 2 SECURITIES FORMS
	  	 	15	  
			
	 SECTION 201.
	  	 Forms of Securities.
	  	 	15	  
	 SECTION 202.
	  	 Form of Trustee’s Certificate of Authentication.
	  	 	16	  
	 SECTION 203.
	  	 Securities Issuable In Global Form.
	  	 	16	  
		
	 ARTICLE 3 THE SECURITIES
	  	 	17	  
			
	 SECTION 301.
	  	 Amount Unlimited; Issuable In Series.
	  	 	17	  
	 SECTION 302.
	  	 Denominations.
	  	 	20	  
	 SECTION 303.
	  	 Execution, Authentication, Delivery and Dating.
	  	 	21	  
	 SECTION 304.
	  	 Temporary Securities.
	  	 	22	  
	 SECTION 305.
	  	 Registration, Registration of Transfer and Exchange.
	  	 	25	  
	 SECTION 306.
	  	 Mutilated, Destroyed, Lost and Stolen Securities.
	  	 	27	  
	 SECTION 307.
	  	 Payment of Interest; Interest Rights Preserved.
	  	 	27	  
	 SECTION 308.
	  	 Persons Deemed Owners.
	  	 	29	  
	 SECTION 309.
	  	 Cancellation.
	  	 	29	  
	 SECTION 310.
	  	 Computation of Interest.
	  	 	30	  
	 SECTION 311.
	  	 Paying Agent To Hold Money In Trust.
	  	 	30	  
		
	 ARTICLE 4 SATISFACTION AND DISCHARGE; DEFEASANCE
	  	 	30	  
			
	 SECTION 401.
	  	 Satisfaction and Discharge.
	  	 	30	  
	 SECTION 402.
	  	 Defeasance and Covenant Defeasance.
	  	 	32	  
	 SECTION 403.
	  	 Application of Trust Money.
	  	 	35	  
	 SECTION 404.
	  	 Application of Monies Held.
	  	 	35	  
	 SECTION 405.
	  	 Return of Unclaimed Monies.
	  	 	35	  
	 SECTION 406.
	  	 Reinstatement.
	  	 	35	  

  
 i 

							
	 ARTICLE 5 REMEDIES
	  	 	36	  
			
	 SECTION 501.
	  	 Events of Default.
	  	 	36	  
	 SECTION 502.
	  	 Payments of Securities on Default; Suit Therefor.
	  	 	38	  
	 SECTION 503.
	  	 Application of Monies Collected By Trustee.
	  	 	40	  
	 SECTION 504.
	  	 Proceedings By Holders of Securities.
	  	 	40	  
	 SECTION 505.
	  	 Proceedings By Trustee.
	  	 	41	  
	 SECTION 506.
	  	 Remedies Cumulative and Continuing.
	  	 	41	  
	 SECTION 507.
	  	 Direction of Proceedings and Waiver of Defaults By Majority of Holders of Securities.
	  	 	42	  
	 SECTION 508.
	  	 Undertaking To Pay Costs.
	  	 	42	  
		
	 ARTICLE 6 THE TRUSTEE
	  	 	43	  
			
	 SECTION 601.
	  	 Notice of Defaults.
	  	 	43	  
	 SECTION 602.
	  	 Certain Rights of Trustee.
	  	 	43	  
	 SECTION 603.
	  	 Not Responsible For Recitals or Issuance of Securities.
	  	 	45	  
	 SECTION 604.
	  	 May Hold Securities and Common Stock.
	  	 	45	  
	 SECTION 605.
	  	 Money Held In Trust.
	  	 	45	  
	 SECTION 606.
	  	 Compensation and Reimbursement.
	  	 	45	  
	 SECTION 607.
	  	 Corporate Trustee Required; Eligibility; Conflicting Interests.
	  	 	46	  
	 SECTION 608.
	  	 Resignation and Removal; Appointment of Successor.
	  	 	46	  
	 SECTION 609.
	  	 Acceptance of Appointment by Successor.
	  	 	48	  
	 SECTION 610.
	  	 Merger, Conversion, Consolidation or Succession to Business.
	  	 	49	  
	 SECTION 611.
	  	 Appointment of Authenticating Agent.
	  	 	49	  
	 SECTION 612.
	  	 Certain Duties and Responsibilities of the Trustee.
	  	 	51	  
		
	 ARTICLE 7 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND
COMPANY
	  	 	52	  
			
	 SECTION 701.
	  	 Disclosure of Names and Addresses of Holders.
	  	 	52	  
	 SECTION 702.
	  	 Reports by Trustee.
	  	 	52	  
	 SECTION 703.
	  	 Reports by the Company.
	  	 	53	  
	 SECTION 704.
	  	 Company to Furnish Trustee Names And Addresses Of Holders.
	  	 	54	  
		
	 ARTICLE 8 CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE
	  	 	54	  
			
	 SECTION 801.
	  	 Company May Consolidate on Certain Terms.
	  	 	54	  
	 SECTION 802.
	  	 Company Successor to be Substituted.
	  	 	55	  
		
	 ARTICLE 9 SUPPLEMENTAL INDENTURES
	  	 	55	  
			
	 SECTION 901.
	  	 Supplemental Indentures without Consent of Holders of Securities.
	  	 	55	  
	 SECTION 902.
	  	 Supplemental Indenture with Consent of Holders of Securities.
	  	 	56	  
	 SECTION 903.
	  	 Effect of Supplemental Indenture.
	  	 	57	  
	 SECTION 904.
	  	 Notation on Securities.
	  	 	58	  
	 SECTION 905.
	  	 Evidence of Compliance of Supplemental Indenture to be Furnished to Trustee.
	  	 	58	  

  
 ii 

							
	 ARTICLE 10 COVENANTS
	  	 	58	  
			
	 SECTION 1001.
	  	 Payment of Principal, Premium, if any, and Interest.
	  	 	58	  
	 SECTION 1002.
	  	 Maintenance of Office or Agency.
	  	 	59	  
	 SECTION 1003.
	  	 Money for Securities Payments to be Held in Trust.
	  	 	59	  
	 SECTION 1004.
	  	 Existence.
	  	 	61	  
	 SECTION 1005.
	  	 Payment of Taxes and Other Claims.
	  	 	61	  
	 SECTION 1006.
	  	 APPOINTMENTS TO FILL VACANCIES IN TRUSTEE’S OFFICE.
	  	 	61	  
	 SECTION 1007.
	  	 Statement as to Compliance.
	  	 	61	  
	 SECTION 1008.
	  	 Additional Amounts.
	  	 	62	  
	 SECTION 1009.
	  	 Waiver of Certain Covenants.
	  	 	63	  
	 SECTION 1010.
	  	 Waiver of Usury, Stay or Extension Laws.
	  	 	63	  
		
	 ARTICLE 11 REDEMPTION OF SECURITIES
	  	 	63	  
			
	 SECTION 1101.
	  	 Applicability of Article.
	  	 	63	  
	 SECTION 1102.
	  	 Election to Redeem; Notice to Trustee.
	  	 	63	  
	 SECTION 1103.
	  	 Selection by Trustee of Securities to be Redeemed.
	  	 	64	  
	 SECTION 1104.
	  	 Notice of Redemption.
	  	 	64	  
	 SECTION 1105.
	  	 Deposit of Redemption Price.
	  	 	65	  
	 SECTION 1106.
	  	 Securities Payable on Redemption Date.
	  	 	65	  
	 SECTION 1107.
	  	 Securities Redeemed in Part.
	  	 	66	  
		
	 ARTICLE 12 SINKING FUNDS
	  	 	66	  
			
	 SECTION 1201.
	  	 Applicability of Article.
	  	 	66	  
	 SECTION 1202.
	  	 Satisfaction of Sinking Fund Payments with Securities.
	  	 	66	  
	 SECTION 1203.
	  	 Redemption of Securities for Sinking Fund.
	  	 	67	  
		
	 ARTICLE 13 REPAYMENT AT THE OPTION OF HOLDERS
	  	 	67	  
			
	 SECTION 1301.
	  	 Applicability of Article.
	  	 	67	  
	 SECTION 1302.
	  	 Repayment of Securities.
	  	 	67	  
	 SECTION 1303.
	  	 Exercise of Option.
	  	 	68	  
	 SECTION 1304.
	  	 When Securities Presented for Repayment Become Due and Payable.
	  	 	68	  
	 SECTION 1305.
	  	 Securities Repaid in Part.
	  	 	68	  
		
	 ARTICLE 14 MEETINGS OF HOLDERS OF SECURITIES
	  	 	69	  
			
	 SECTION 1401.
	  	 Purpose for Which Meetings May be Called.
	  	 	69	  
	 SECTION 1402.
	  	 Call, Notice and Place of Meetings.
	  	 	69	  
	 SECTION 1403.
	  	 Persons Entitled to Vote at Meetings.
	  	 	69	  
	 SECTION 1404.
	  	 Quorum; Action.
	  	 	69	  
	 SECTION 1405.
	  	 Determination of Voting Rights, Conduct and Adjournment of Meetings.
	  	 	71	  
	 SECTION 1406.
	  	 Counting Votes and Recording Action of Meetings.
	  	 	71	  

  
 iii 

 Reconciliation and tie between Trust Indenture Act and Indenture dated as of
    , 2016. 
  

			
	 Trust Indenture

Act Section
	  	 Indenture

Section

	 Section 310(a)(1)
	  	 607

	 (a)(2)
	  	 607

	 (a)(3)
	  	 Not Applicable

	 (a)(4)
	  	 Not Applicable

	 (a)(5)
	  	 607

	 (b)
	  	 607, 608

	 Section 311
	  	 607

	 Section 312(a)
	  	 704

	 (b)
	  	 115

	 (c)
	  	 701

	 Section 313(a)
	  	 702

	 (b)
	  	 Not Applicable

	 (c)
	  	 702

	 (d)
	  	 702

	 Section 314(a)(1)-(3)
	  	 703

	 (a)(4)
	  	 1007

	 (b)
	  	 Not Applicable

	 (c)(1)
	  	 102

	 (c)(2)
	  	 102

	 (c)(3)
	  	 Not Applicable

	 (d)
	  	 Not Applicable

	 (e)
	  	 102

	 (f)
	  	 Not Applicable

	 Section 315(a)
	  	 612(1)

	 (b)
	  	 601

	 (c)
	  	 612(2)

	 (d)
	  	 612

	 (e)
	  	 508

	 Section 316(a)(last sentence)
	  	 101 (“Outstanding”)

	 (a)(1)
	  	 507

	 (a)(2)
	  	 Not Applicable

	 (b)
	  	 902

	 (c)
	  	 104

	 Section 317(a)
	  	 502

	 (b)
	  	 311

	 Section 318(a)
	  	 114

	 (b)
	  	 Not Applicable

	 (c)
	  	 114

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

 Attention should also be directed to Section 318(c) of the 1939 Act, which provides that the
provisions of Sections 310 to and including 317 of the 1939 Act that impose duties on any person are a part of and govern every qualified indenture, whether or not physically contained therein. 

 THIS INDENTURE, dated as of
            , 2016, between Equifax Inc., a Georgia corporation (the “Company”), having its principal office at 1550 Peachtree Street, N.W., Atlanta, Georgia 30309, and U.S. Bank
National Association, as Trustee hereunder (the “Trustee”), having its Corporate Trust Office at 1349 W. Peachtree Street, NE, Suite 1050, Atlanta, GA 30309. 

RECITALS 
 The
Company may deem it appropriate to issue from time to time for its lawful purposes debt securities (hereinafter called the “Securities”) evidencing its indebtedness, and has duly authorized the execution and delivery of this Indenture to
provide for the issuance from time to time of the Securities, to be issued in one or more series as provided in this Indenture. 

This Indenture is subject to the provisions of the Trust Indenture Act that are deemed to be incorporated into this Indenture
and shall, to the extent applicable, be governed by such provisions. 
 All things necessary to make this Indenture a valid
agreement of the Company, in accordance with its terms, have been done. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually covenanted
and agreed, for the equal and proportionate benefit of all Holders of the Securities, as follows: 
 ARTICLE 1 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
  

	 SECTION 101.
	 DEFINITIONS. 

For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 

(1) the terms defined in this Article 1 have the meanings assigned to them in this Article 1, and include the plural as well
as the singular; 
 (2) all other terms used herein which are defined in the TIA, either directly or by reference therein,
have the meanings assigned to them therein; 
 (3) all accounting terms not otherwise defined herein have the meanings
assigned to them in accordance with GAAP (as defined herein); 
 (4) the words “herein,” “hereof” and
“hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; and 

  
 1 

 (5) any reference to an “Article,” a “Section” or a
“Subsection” refers to an Article, Section or Subsection, as the case may be, of this Indenture. 

“Act,” when used with respect to any Holder, has the meaning specified in Section 104. 

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

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled
by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control,” when used with respect to any specified Person means the power to direct or cause the direction of the management and
policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

“Authenticating Agent” means the Trustee or any authenticating agent appointed by the Trustee pursuant to
Section 611 to act on behalf of the Trustee to authenticate Securities. 
 “Bankruptcy Law” means
Title 11 of the U.S. Code or any similar federal or state law for the relief of debtors. 
 “Board of
Directors” means any of the board of directors of the Company, any committee of that board duly authorized to act hereunder, any committee consisting of one or more directors and/or officers of the Company duly authorized to act hereunder,
or any one or more directors and/or officers of the Company duly authorized to act hereunder. 
 “Board
Resolution” means, with respect to any Person, a copy of a resolution certified by the Secretary or an Assistant Secretary of such Person, to have been duly adopted by the Board of Directors of such Person and to be in full force and effect
on the date of such certification, and delivered to the Trustee. 
 “Business Day” means, unless otherwise
specified with respect to any Securities pursuant to Section 301, any day, other than a Saturday, a Sunday or other day on which banking institutions in The City of New York are authorized or required by law, regulation or executive order to
remain closed or, when used with respect to a Place of Payment (other than The City of New York) or any other particular location referred to in this Indenture or in the Securities (other than The City of New York), any day, other than a Saturday or
Sunday, that is not a day on which banking institutions in that Place of Payment or particular location are authorized or required by law, regulation or executive order to remained closed. 

“Capital Stock” means any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock and, with respect to partnerships, partnership interests (whether general or limited) and any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or
distributions of assets of, such partnership. 

  
 2 

 “Clearstream” means Clearstream Banking, N.A., or its successor.

 “Commission” means the Securities and Exchange Commission, as from time to time constituted, created
under the Exchange Act or, if at any time after the execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the Securities Act, the Exchange Act or the Trust Indenture Act, as the case may be,
then the body or respective bodies performing such duties on such date. 
 “Common Depositary” shall have
the meaning specified in Section 304. 
 “Common Stock” means the shares of common stock, par value $1.25
per share, of the Company as they exist on the date of this Indenture or any other shares of Capital Stock of the Company into which the Common Stock shall be reclassified or changed or, in the event of a merger, consolidation or other similar
transaction involving the Company that is otherwise permitted hereunder in which the Company is not the surviving corporation, the common stock, common equity interests, ordinary shares or depositary shares or other certificates representing common
equity interests of such surviving corporation or its direct or indirect parent corporation. 
 “Company”
means the Person named as the “Company” in the first paragraph of this Indenture until a successor entity shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such
successor entity. 
 “Company Request” and “Company Order” mean, respectively, a written
request or order signed in the name of the Company by (a) its Chairman of the Board of Directors, Chief Executive Officer, Chief Financial Officer or any Corporate Vice President or Senior Vice President and (b) one other Officer, and
delivered to the Trustee. 
 “Corporate Trust Office” or other similar term means the designated office of
the Trustee at which, at any particular time, its corporate trust business as it relates to this Indenture shall be administered, which office is, at the date as of which this Indenture is dated, located at 1349 W. Peachtree Street, NE, Suite 1050,
Atlanta, GA 30309, or at any other time at such other address as the Trustee may designate from time to time by notice to the Company. 

“covenant defeasance” has the meaning specified in Section 402(3). 

“CUSIP” means the Committee on Uniform Securities Identification Procedures. 

“default” means any event that is, or after notice or lapse of time or both would become, an Event of
Default. 
 “Defaulted Interest” has the meaning specified in Section 307. 

“Dollar” or “$” means a dollar or other equivalent unit in such coin or currency of the
United States of America as at the time shall be legal tender for the payment of public and private debts. 

“DTC” has the meaning specified in Section 304. 

“Euroclear” means Morgan Guaranty Trust Company of New York, Brussels office, or its successor as operator of
the Euroclear System. 
 “Event of Default” has the meaning specified in Section 501. 

  
 3 

 “Exchange Act” means the Securities Exchange Act of 1934, as
amended, and the rules and regulations promulgated thereunder, as in effect from time to time, or any successor thereto. 

“Exchange Date” shall have the meaning specified in Section 304. 

“Foreign Currency” means any currency, currency unit or composite currency, including, without limitation,
the ECU, issued by the government of one or more countries other than the United States of America or by any recognized confederation or association of such governments. 

“GAAP” means generally accepted accounting principles in the United States, consistently applied, as in
effect from time to time; provided, that if the Company is required by the Commission to adopt (or is permitted to adopt and so adopts) a different accounting framework, including but not limited to the International Financial Reporting Standards,
“GAAP” shall mean such new accounting framework as in effect from time to time, including, without limitation, in each case, those accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the
American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as approved by a significant segment of the accounting profession. 

“Global Security” means a security evidencing all or a part of a series of Securities issued to and
registered in the name of the depositary for such series, or its nominee, in accordance with Section 305, and bearing the legend prescribed in Section 203. 

“Government Obligations” means securities which are: 

(a) direct obligations of the United States of America, for the payment of which its full faith and credit is
pledged; or 
 (b) obligations of a Person controlled or supervised by and acting as an agency or
instrumentality of the United States of America, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, 

and which, in either of the above cases, are not callable or redeemable at the option of the issuer thereof and also includes a depository
receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of any such Government Obligation held by such custodian for the account of the holder of a
depository receipt, provided that (except as provided by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the
Government Obligation or the specific payment of interest on or principal of the Government Obligation evidenced by such depository receipt. 

“Holder” means the Person in whose name a Security is registered in the Security Register. 

  
 4 

 “Indebtedness” means (1) any liability of any Person
(a) for borrowed money, or (b) evidenced by a bond, note, debenture or similar instrument (including purchase money obligations but excluding Trade Payables), or (c) for the payment of money relating to a lease that is required to be
classified as a capitalized lease obligation in accordance with GAAP, or (d) preferred or preference stock of a Subsidiary of the Company held by Persons other than the Company or a Subsidiary of the Company; (2) any liability of others
described in the preceding clause (1) that the Person has guaranteed, that is recourse to such Person or that is otherwise its legal liability; and (3) any amendment, supplement, modification, deferral, renewal, extension or refunding of
any liability of the types referred to in clauses (1) and (2) above. 

“Indenture” means this instrument as originally executed and as it may be supplemented
or amended from time to time by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, and shall include the terms of a particular series of Securities established as contemplated by Section 301;
provided, however, that, if at any time more than one Person is acting as Trustee under this instrument, “Indenture” shall mean, with respect to any one or more series of Securities for which such Person is Trustee, this instrument
as originally executed or as it may be supplemented or amended from time to time by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of the, or those, particular series
of Securities for which such Person is Trustee established as contemplated by Section 301, exclusive, however, of any provisions or terms which relate solely to other series of Securities for which such Person is not Trustee, regardless of when
such terms or provisions were adopted, and exclusive of any provisions or terms adopted by means of one or more indentures supplemental hereto executed and delivered after such Person had become such Trustee but to which such Person, as such
Trustee, was not a party. 
 “Interest,” when used with respect to an Original Issue Discount
Security which by its terms bears interest only after the Maturity Date, means interest payable after the Maturity Date, and, when used with respect to a Security which provides for the payment of interest or the payment of defeasances pursuant to
Section 1008, includes such interest or Additional Amounts, as applicable. 
 “Interest Payment Date,”
when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security. 

“legal defeasance” has the meaning specified in Section 402(2). 

“Lien” means any mortgage, deed of trust, lien, charge, pledge, security interest, security agreement, or
other encumbrance of any kind. 

  
 5 

 “Maturity Date,” when used with respect to any Security, means
the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, notice of redemption, notice of option to elect
repayment or otherwise. 
 “Notice of Default” has the meaning specified in Section 501(3). 

“Officer” and “officer” mean the Chairman of the Board of Directors, the Chief Executive
Officer, the Chief Financial Officer, any Corporate Vice President or Senior Vice President, the Treasurer, an Assistant Treasurer, the Controller, the Secretary or an Assistant Secretary, of the Company. 

“Officers’ Certificate” means a certificate signed by two Officers, one of whom must be the
Person’s Chief Executive Officer, Chief Financial Officer, Treasurer or principal accounting officer. 

“Opinion of Counsel” means a written opinion of counsel, who may be counsel for the Company or who may be an
employee of or other counsel for the Company and who shall be satisfactory to the Trustee and delivered to the Trustee. 

“Original Issue Discount Security” means any Security which provides for an amount less than the principal
amount thereof to be due and payable upon a declaration of acceleration of the Maturity Date thereof pursuant to Section 502. 

“Outstanding” when used with respect to any series of Securities, means, as of the date of determination, all
Securities therefore authenticated and delivered under this Indenture, except: 
 (1) Securities theretofore
cancelled by the Trustee or delivered to the Trustee for cancellation; 
 (2) Securities, or portions thereof, for whose
payment or redemption (including repayment at the option of the Holder) money in the necessary amount has been theretofore been deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by
the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities; provided, however, that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or
provision therefor satisfactory to the Trustee has been made; 

  
 6 

 (3) Securities, except to the extent provided in Section 402, with respect
to which the Company has effected legal defeasance and/or covenant defeasance as provided in Article 4; and 
 (4)
Securities which have been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall
have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose hands such Securities are valid obligations of the Company; 

provided however, that in determining whether the Holders of the requisite principal amount of the Outstanding Securities have given
any request, demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders for quorum purposes, and for the purpose of making the calculation required by TIA Section 313, (i) the principal
amount of an Original Issue Discount Security that may be counted in making such determination or calculation and that shall be deemed to be Outstanding for such purpose shall be equal to the amount of principal thereof that would be (or shall have
been declared to be) due and payable, at the time of such determination, upon a declaration of acceleration of the maturity thereof pursuant to Section 502, (ii) the principal amount of any Security denominated in a Foreign Currency that
may be counted in making such determination or calculation and that shall be deemed Outstanding for such purpose shall be equal to the Dollar equivalent, determined pursuant to Section 301 as of the date such Security is originally issued by
the Company, of the principal amount (or, in the case of an Original Issue Discount Security, the Dollar equivalent as of such date of original issuance of the amount determined as provided in clause (i) above) of such Security, and
(iii) Securities owned by the Company or of any other obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee
shall be protected in making such calculation or in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which the Trustee knows to be so owned shall be so disregarded. Securities owned as
provided in clause (iii) above which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the
pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor. 

“Paying Agent” has the meaning specified in Section 104. 

“Person” means an individual, a corporation, a partnership, a limited liability company, an association, a
joint-stock company, a trust or any other entity or organization, including a government or political subdivision or an agency or instrumentality thereof. 

“Place of Payment,” when used with respect to the Securities of or within any series, means the place or
places where the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on such Securities are payable as specified as contemplated by Sections 301 and 1002. 

  
 7 

 “Predecessor Security” of any particular Security means every
previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu of a
mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. 

“Redemption Date” means, with respect to any Security or portion thereof to be redeemed in accordance with
the provisions of Article 11, the date fixed for such redemption in accordance with the provisions of Article 11. 

“Redemption Price” has the meaning provided in Section 1106. 

“Registered Security” shall mean any Security which is registered in the Security Register. 

“Regular Record Date” for the interest payable on any Interest Payment Date on the Registered Securities of
or within any series means the date specified for that purpose as contemplated by Section 301, whether or not a Business Day. 

“Repayment Date” means, when used with respect to any Security to be repaid at the option of the Holder, the
date fixed for such repayment by or pursuant to this Indenture. 
 “Responsible Officer” when used with
respect to the Trustee, means any officer in the Corporate Trust Office of the Trustee with direct responsibility for the administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer to whom
such matter is referred because of such other officer’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this Indenture. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder, as in effect from time to time, and any successor thereto. 
 “Security” has the meaning stated
in the first recital of this Indenture and, more particularly, means any Security or Securities authenticated and delivered under this Indenture; provided, however, that, if at any time there is more than one Person acting as Trustee under
this Indenture, “Securities” with respect to the Indenture as to which such Person is Trustee shall have the meaning stated in the first recital of this Indenture and shall more particularly mean Securities authenticated and delivered
under this Indenture, exclusive, however, of Securities of any series as to which such Person is not Trustee. 

“Security Register” and “Security Registrar” have the respective meanings specified in
Section 305. 
 “Significant Subsidiary” means, with respect to the Company, any Subsidiary which is a
“significant subsidiary” (as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated under the Securities Act) of the Company. 

  
 8 

 “Single Asset Entity” means a Person (other than an individual)
that (a) only owns a single property; (b) is engaged only in the business of owning, developing and/or leasing such property; and (c) receives substantially all of its gross revenues from such property. In addition, if the assets of a
Person consist solely of (i) equity interests in one other Single Asset Entity and (ii) cash and other assets of nominal value incidental to such Person’s ownership of the other Single Asset Entity, such Person shall also be deemed to
be a Single Asset Entity. 
 “Special Record Date” for the payment of any Defaulted Interest on the
Registered Securities of or within any series means a date fixed by the Company pursuant to Section 307. 
 “Stated
Maturity,” when used with respect to any Security or any installment of principal thereof or Interest thereon, means the date specified in such Security or this Indenture as the fixed date on which the principal of such Security or such
installment of principal or Interest is due and payable. 
 “Subsidiary” means for any Person, (1) any
corporation, partnership, limited liability company or other entity of which at least a majority of the securities or other ownership interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other
persons performing similar functions of such corporation, partnership, limited liability company or other entity (without regard to the occurrence of any contingency) is at the time directly or indirectly owned or controlled by such Person, or one
or more Subsidiaries of such Person, and (2) any other entity the accounts of which are consolidated with those of such Person pursuant to GAAP. 

“Trade Payables” means accounts payable or any other indebtedness or monetary obligations to trade creditors
created or assumed in the ordinary course of business in connection with the obtaining of materials or services. 

“Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939, as amended, as in
effect from time to time, and any successor thereto. 
 “Trustee” means the Person named as the
“Trustee” in the first paragraph of this Indenture until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a
Trustee hereunder; provided, however, that if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any particular series shall mean only the Trustee with respect to Securities of that
series. 
 “United States” means, unless otherwise specified with respect to any Securities pursuant to
Section 301, the United States of America (including the states and the District of Columbia), its territories, its possessions and other areas subject to its jurisdiction. 

“United States Person” means, unless otherwise specified with respect to any Securities pursuant to
Section 301, an individual who is a citizen or resident of the United States, a corporation, partnership or other entity created or organized in or under the laws of the United States, an estate the income of which is subject to United States
federal income taxation regardless of its source or a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States fiduciaries have the authority to control all
substantial decisions of the trust. 

  
 9 

	 SECTION 102.
	 COMPLIANCE CERTIFICATES AND OPINIONS. 

Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the
Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the
opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this
Indenture relating to such particular application or request no additional certificate or opinion need be furnished. 

Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (including
certificates delivered pursuant to Section 1007) shall include: 
 (1) a statement that each individual signing such
certificate or opinion has read such condition or covenant and the definitions herein relating thereto; 
 (2) a brief
statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

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

(4) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

 

	 SECTION 103.
	 FORM OF DOCUMENTS DELIVERED TO TRUSTEE. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not
necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion as to some matters and one or more
other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 

  
 10 

 Any certificate or opinion of an Officer may be based, insofar as it relates to
legal matters, upon an Opinion of Counsel, or a certificate or representations by counsel, unless such officer knows, or in the exercise of reasonable care should know, that the opinion, certificate or representations with respect to the matters
upon which his certificate or opinion is based are erroneous. Any such Opinion of Counsel or certificate or representations may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an Officer
or Officers stating that the information as to such factual matters is in the possession of the Company, unless such counsel knows that the certificate, opinion or representations as to such matters are erroneous. 

Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements,
opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
  

	 SECTION 104.
	 ACTS OF HOLDERS. 

Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be
given or taken by Holders of the Outstanding Securities of all series or one or more series, as the case may be, may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agents
duly appointed in writing. Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the
Company. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments or so voting at
any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and
the Company and any agent of the Trustee or the Company, if made in the manner provided in this Section 104. The record of any meeting of Holders of Securities shall be proved in the manner provided in Section 1406. 

The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness
of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such
execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the
authority of the Person executing the same, may also be proved in any other reasonable manner which the Trustee deems sufficient. 

The ownership of Registered Securities shall be proved by the Security Register. As to any matter relating to beneficial
ownership interests in any Global Security, the records of the appropriate depositary and of participants in such depositary shall be dispositive for purposes of this Indenture. 

  
 11 

 If the Company shall solicit from the Holders of Registered Securities any
request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, in or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request,
demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. Notwithstanding TIA Section 316(c), such record date shall be the record date specified in or pursuant to such Board
Resolution, which shall be a date not earlier than the date 30 days prior to the first solicitation of Holders generally in connection therewith and not later than the date such solicitation is completed. If such a record date is fixed, such
request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes
of determining whether Holders of the requisite proportion of Outstanding Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding
Securities shall be computed as of such record date; provided, however, that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions
of this Indenture not later than eleven months after the record date. 
 Any request, demand, authorization,
direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu
thereof in respect of anything done, omitted or suffered to be done by the Trustee, any Security Registrar, any agent to whom Securities may be presented for payment (the “Paying Agent”), any Authenticating Agent or the Company in
reliance thereon, whether or not notation of such action is made upon such Security. 
  

	 SECTION 105.
	 NOTICES, ETC., TO TRUSTEE AND COMPANY. 

Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or
permitted by this Indenture to be made upon, given or furnished to, or filed with, 
 (1) the Trustee by any Holder or by
the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate Trust Office; or 

(2) the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein
expressly provided) if in writing and mailed, first-class postage prepaid, to the Company addressed to it at the address of its principal office specified in the first paragraph of this Indenture or at any other address previously furnished in
writing to the Trustee by the Company, Attention: Chief Financial Officer; or 
 (3) either the Trustee or the Company, by
the other party shall be sufficient for every purpose hereunder if given by facsimile transmission, receipt confirmed by telephone, followed by an original copy delivered by guaranteed overnight courier; if to the Trustee at facsimile number
(404) 898-2467; and if to the Company at facsimile number (404) 885-8121. 

  
 12 

	 SECTION 106.
	 NOTICE TO HOLDERS; WAIVER. 

Where this Indenture provides for notice of any event to Holders of Securities by the Company or the Trustee, such notice shall
be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each such Holder affected by such event, at his address as it appears in the Security Register, not later than the latest
date, and not earlier than the earliest date, if any, prescribed for the giving of such notice. In any case where notice to Holders of Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to
any particular Holder shall affect the sufficiency of such notice with respect to other Holders of Securities. Any notice mailed to a Holder in the manner herein prescribed shall be conclusively deemed to have been received by such Holder, whether
or not such Holder actually receives such notice. 
 If by reason of the suspension of or irregularities in regular mail
service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification to Holders of Registered Securities as shall be made with the approval of the Trustee shall constitute a sufficient notification to
such Holders for every purpose hereunder. 
 Any request, demand, authorization, direction, notice, consent or waiver
required or permitted under this Indenture shall be in the English language, except that any published notice may be in an official language of the country of publication. 

Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive
such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action
taken in reliance upon such waiver. 
 Notwithstanding any other provision of this Indenture or any Security, where this
Indenture or any Security provides for notice of any event (including any notice of redemption or repurchase) to a Holder (whether by mail or otherwise), during any period when a Global Security has been issued hereunder evidencing all or a part of
any series of Securities such notice shall be sufficiently given if given to the depositary or its designee, including by electronic mail in accordance with accepted practices or procedures at the depositary. 

 

	 SECTION 107.
	 COUNTERPARTS; EFFECT OF HEADINGS AND TABLE OF CONTENTS. 

This Indenture may be executed in any number of counterparts, each of which when executed shall be deemed to be an original,
but all such counterparts shall together constitute but one and the same Indenture. The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 

 

	 SECTION 108.
	 SUCCESSORS AND ASSIGNS. 

All covenants and agreements in this Indenture by the Company shall bind its successors and assigns, whether so expressed or
not. 

  
 13 

	 SECTION 109.
	 SEVERABILITY CLAUSE. 

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

	 SECTION 110.
	 BENEFITS OF INDENTURE. 

Nothing in this Indenture or in the Securities, express or implied, shall give to any Person, other than the parties hereto,
any Security Registrar, any Paying Agent, any Authenticating Agent and their successors hereunder and the Holders any benefit or any legal or equitable right, remedy or claim under this Indenture. 

 

	 SECTION 111.
	 GOVERNING LAW. 

This Indenture and the Securities shall be governed by and construed in accordance with the law of the State of New York
without regard, to the extent permitted by law, to conflicts of laws principles. This Indenture is subject to the provisions of the TIA that are required to be part of this Indenture and shall, to the extent applicable, be governed by such
provisions. 
  

	 SECTION 112.
	 LEGAL HOLIDAYS. 

In any case where any Interest Payment Date, Redemption Date, Repayment Date, sinking fund payment date, Stated Maturity or
Maturity Date of any Security or the last date on which a Holder has the right to exchange a Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or any Security, other than a
provision in the Securities of any particular series which specifically states that such provision shall apply in lieu hereof), payment of principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to
Article 11) or exchange of such security need not be made at such Place of Payment on such date, but (except as otherwise provided with respect to such Security) may be made on the next succeeding Business Day at such Place of Payment with the same
force and effect as if made on the Interest Payment Date, Redemption Date, Repayment Date or sinking fund payment date, or at the Stated Maturity or Maturity Date, or on such last day of exchange, provided that no interest shall accrue on the amount
so payable for the period from and after such Interest Payment Date, Redemption Date, Repayment Date, sinking fund payment date, Stated Maturity or Maturity Date, as the case may be. 

 

	 SECTION 113.
	 IMMUNITY OF STOCKHOLDERS, DIRECTORS, OFFICERS AND AGENTS OF THE COMPANY. 

No recourse under or upon any obligation, covenant or agreement contained in this Indenture or in any Security, or because of
any indebtedness evidenced thereby, shall be had against any past, present or future stockholder, employee, officer or director, as such, of the Company or any Subsidiary of the Company, or of any successor, either directly or through the Company or
any Subsidiary of the Company, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the
acceptance of the Securities by the Holders and as part of the consideration for the issue of the Securities. 

  
 14 

	 SECTION 114.
	 CONFLICT WITH TRUST INDENTURE ACT. 

If any provision hereof limits, qualifies or conflicts with another provision hereof which is required or deemed to be included
in this Indenture by any of the provisions of the Trust Indenture Act, such required provision shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the
latter provision shall be deemed to apply to this Indenture as so modified or to be excluded, as the case may be. 
  

	 SECTION 115.
	 COMMUNICATION BY HOLDERS WITH OTHER HOLDERS. 

Holders of Securities of any series may communicate pursuant to TIA Section 312(b) with other Holders of Securities of
such series or any other series with respect to their rights under this Indenture or the Securities of such series or all series. The Company, the Trustee, the Registrar and all other persons shall have the protection of TIA Section 312(c).

  

	 SECTION 116.
	 PATRIOT ACT. 

The parties hereto acknowledge that in accordance with Section 326 of the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001 (the “Patriot Act”), the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is
required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they shall provide the Trustee with such
information as it may request in order for the Trustee to satisfy the requirements of the Patriot Act. 
  

	 SECTION 117.
	 WAIVER OF JURY TRIAL. 

THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO
TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

ARTICLE 2 
 SECURITIES FORMS 

 

	 SECTION 201.
	 FORMS OF SECURITIES. 

The Securities of each series shall be in the form established in one or more Board Resolutions and, subject to
Section 303 hereof, set forth in an Officers’ Certificate, or established in one or more indentures supplemental hereto, shall have such appropriate insertions, omissions, substitutions and other variations as are required or permitted by
or pursuant to this Indenture or any indenture supplemental hereto, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements placed thereon as the Company may deem appropriate and as are not
inconsistent with the provisions of this Indenture, or as may 

  
 15 

 
be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange on which any series of the Securities may be
listed, or to conform to usage. 
 Subject to Section 304, the definitive Securities shall be printed, lithographed or
engraved, or produced by any combination of these methods, on a steel engraved border or steel engraved borders or mechanically reproduced on safety paper or may be produced in any other manner, all as determined by the Officers executing such
Securities, as evidenced by their execution of such Securities. 
  

	 SECTION 202.
	 FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION. 

Subject to Section 611, the Trustee’s certificate of authentication shall be in substantially the following form:

 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

							
		 		 	 U.S. Bank National Association, as Trustee

				
	 Dated:
                                         
                           
	 		 	 By:
	 	  

		 		 		 	Authorized Signatory

  

	 SECTION 203.
	 SECURITIES ISSUABLE IN GLOBAL FORM. 

If Securities of or within a series are issuable in the form of one or more Global Securities, any such Global Security or
Securities may provide that it or they shall represent the aggregate amount of all Outstanding Securities of such series (or such lesser amount as is permitted by the terms thereof) from time to time endorsed thereon and may also provide that the
aggregate amount of Outstanding Securities of such series represented thereby may from time to time be increased or decreased to reflect exchanges. Any endorsement of any Global Security to reflect the amount, or any increase or decrease in the
amount, of Outstanding Securities represented thereby shall be made by the Trustee in such manner or by such Person or Persons as shall be specified therein or in the Company Order to be delivered to the Trustee pursuant to Section 303 or 304.
Subject to the provisions of Section 303 and, if applicable, Section 304, the Trustee shall deliver and redeliver any Global Security in permanent global form in the manner and upon instructions given by the Person or Persons specified
therein or in the applicable Company Order. If a Company Order pursuant to Section 303 or 304 has been, or simultaneously is, delivered, any instructions by the Company with respect to endorsement or delivery or redelivery of a Global Security
shall be in writing but need not comply with Section 102 and need not be accompanied by an Opinion of Counsel. 
 The
provisions of the last sentence of Section 303 shall apply to any Security represented by a Global Security if such Security was never issued and sold by the Company and the Company delivers to the Trustee the Global Security together with
written instructions (which need not comply with Section 102 and need not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount of Securities represented thereby, together with the written statement
contemplated by the last sentence of Section 303. 

  
 16 

 Notwithstanding the provisions of Section 307, unless otherwise specified as
contemplated by Section 301, payment of principal of and any premium and interest on any Global Security shall be made to the Person or Persons specified therein. 

Notwithstanding the provisions of Section 308 and except as provided in the preceding paragraph, the Company, the Trustee
and any agent of the Company and the Trustee shall treat as the Holder of such principal amount of Outstanding Securities represented by a permanent Global Security, the Holder of such permanent Global Security in registered form. 

Any Global Security authenticated and delivered hereunder shall bear a legend, in addition to any other legend or legends
permitted by Section 201, in substantially the following form: 
 This Security is a Global Security within the meaning
set forth in the Indenture hereinafter referred to and is registered in the name of a depositary or a nominee of a depositary. This Security is exchangeable for Securities registered in the name of a person other than the depositary or its nominee
only in the limited circumstances described in the Indenture, and, unless and until it is exchanged for Securities in definitive form as aforesaid, may not be transferred except as a whole by the depositary to a nominee of the depositary or by a
nominee of the depositary to the depositary or another nominee of the depositary or by the depositary or its nominee to a successor depositary or its nominee. 

ARTICLE 3 
 THE SECURITIES 

 

	 SECTION 301.
	 AMOUNT UNLIMITED; ISSUABLE IN SERIES. 

The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 

The Securities may be issued in one or more series. There shall be established in one or more Board Resolutions or pursuant to
authority granted by one or more Board Resolutions and, subject to Section 303, set forth in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series: 

(1) the title of the Securities of the series (which shall distinguish the Securities of such series from all other series of
Securities); 
 (2) any limit upon the aggregate principal amount of the Securities of the series that may be authenticated
and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 304, 305, 306, 1107 or 1305); 

(3) the date or dates, or the method by which such date or dates will be determined, on which the principal of the Securities
of the series shall be payable; 

  
 17 

 (4) the rate or rates at which the Securities of the series shall bear interest,
if any, or the method by which such rate or rates shall be determined, the date or dates from which such interest shall accrue or the method by which such date or dates shall be determined, the Interest Payment Dates on which such interest will be
payable and the Regular Record Date, if any, for the interest payable on any Security on any Interest Payment Date, or the method by which such date shall be determined, and the basis upon which interest shall be calculated if other than that of a
360-day year of twelve 30-day months; 
 (5) the place or places where the principal of (and premium, if any) and Interest
(including the Redemption Price upon redemption pursuant to Article 11), if any, payable in respect of, Securities of the series shall be payable, any Registered Securities of the series may be surrendered for registration of transfer or exchange
and notices or demands to or upon the Company in respect of the Securities of the series and this Indenture may be served; 

(6) the period or periods within which, the price or prices at which, the currency or currencies, currency unit or units or
composite currency or currencies in which, and other terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company, if the Company is to have the option; 

(7) the obligation, if any, of the Company to redeem, repay or purchase Securities of the series pursuant to any sinking fund
or analogous provision or at the option of a Holder thereof, and the period or periods within which or the date or dates on which, the price or prices at which, the currency or currencies, currency unit or units or composite currency or currencies
in which, and other terms and conditions upon which Securities of the series shall be redeemed, repaid or purchased, in whole or in part, pursuant to such obligation; 

(8) if other than denominations of $2,000 and any integral multiple of $1,000 in excess thereof, the denominations in which
any Securities of the series shall be issuable; 
 (9) if other than the Trustee, the identity of each Security Registrar
and/or Paying Agent for the Securities of the series; 
 (10) if other than the principal amount thereof, the portion of the
principal amount of Securities of the series that shall be payable upon declaration of acceleration of the Maturity Date thereof pursuant to Section 502, or the method by which such portion shall be determined; 

(11) if other than Dollars, the Foreign Currency or Currencies in which payment of the principal of (and premium, if any) and
Interest (including the Redemption Price upon redemption pursuant to Article 11), if any, on the Securities of the series shall be payable or in which the Securities of the series shall be denominated and the manner of determining the equivalent
thereof in Dollars for purposes of the definition of “Outstanding” in Section 101; 
 (12) whether the amount
of payments of principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11), if any, on the Securities of the series may be determined with reference to an index, formula or other method
(which index, formula or method may be based, without limitation, on one or more currencies, currency units, composite currencies, commodities, equity indices or other indices), and the manner in which such amounts shall be determined; 

  
 18 

 (13) whether the principal of (and premium, if any) and Interest (including the
Redemption Price upon redemption pursuant to Article 11), if any, on the Securities of the series are to be payable, at the election of the Company or a Holder thereof, in a currency or currencies, currency unit or units or composite currency or
currencies other than that in which such Securities are denominated or stated to be payable, the period or periods within which, and the terms and conditions upon which, such election may be made, and the time and manner of, and identity of the
exchange rate agent with responsibility for, determining the exchange rate between the currency or currencies, currency unit or units or composite currency or currencies in which such Securities are denominated or stated to be payable and the
currency or currencies, currency unit or units or composite currency or currencies in which such Securities are to be so payable; 

(14) provisions, if any, granting special rights to the Holders of Securities of the series upon the occurrence of such events
as may be specified; 
 (15) any deletions from, modifications of or additions to the defined terms, Events of Default or
covenants of the Company or other provisions of this Indenture with respect to Securities of the series, whether or not such defined terms, Events of Default, covenants or other provisions are consistent with the defined terms, Events of Default,
covenants or other provisions set forth herein; 
 (16) whether any Securities of the series are to be issuable initially in
temporary global form and whether any Securities of the series are to be issuable in permanent global form with or without coupons and, if so, whether beneficial owners of interests in any such permanent Global Security may exchange such interests
for Securities of such series and of like tenor of any authorized form and denomination and the circumstances under which any such exchanges may occur, if other than in the manner provided in Section 305, and, if Registered Securities of the
series are to be issuable as a Global Security, the identity of the depositary for such series; 
 (17) the Person to whom
any interest on any Security of the series shall be payable, if other than the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest the manner
in which, and the extent to which, or the manner in which, any interest payable on a temporary Global Security on an Interest Payment Date will be paid if other than in the manner provided in Section 304; 

(18) the applicability, if any, of Section 402 to the Securities of the series and any provisions in modification of, in
addition to or in lieu of any of the provisions of Article 4; 
 (19) if the Securities of such series are to be issuable in
definitive form (whether upon original issue or upon exchange of a temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, then the form and/or terms of such certificates,
documents or conditions; 

  
 19 

 (20) if the Securities of the series are to be issued upon the exercise of
warrants, the time, manner and place for such Securities to be authenticated and delivered; 
 (21) whether and under what
circumstances the Company will pay Additional Amounts as contemplated by Section 1008 on the Securities of the series to any Holder who is not a United States Person (including any modification to the definition of such term) in respect of any
tax, assessment or governmental charge and, if so, whether the Company will have the option to redeem such Securities rather than pay such Additional Amounts (and the terms of any such option); 

(22) the terms and conditions, if any, upon which the Securities of the series may be convertible into or exchangeable for
Capital Stock or other securities and the terms and conditions upon which such conversion or exchange may be effected, including, without limitation, the initial conversion or exchange price or rate (or manner of calculation thereof), the portion
that is convertible or exchangeable or the method by which any such portion shall be determined, the conversion or exchange period, provisions as to whether conversion or exchange will be at the option of the holders or at the option of the Company,
the events requiring an adjustment of the conversion or exchange price and provisions affecting conversion or exchange in the event of the redemption of such Securities; 

(23) whether such Securities will be secured or unsecured and if secured, the nature of the collateral securing the
Securities; 
 (24) the ranking of such Securities; and 

(25) any other terms of the series. 

All Securities of any one series shall be substantially identical, except as to denomination and except as may otherwise be
provided in or pursuant to such Board Resolution and set forth in such Officers’ Certificate or in any such indenture supplemental hereto. All Securities of any one series need not be issued at the same time and, unless otherwise provided, a
series may be reopened, without the consent of the Holders, for issuances of additional Securities of such series. 
 If any
of the form or terms of the Securities of any series are established by action taken pursuant to one or more Board Resolutions, a copy of an appropriate record of such action(s) shall be certified by the Secretary or an Assistant Secretary of the
Company and delivered to the Trustee at or before the delivery of the Officers’ Certificate setting forth the terms of the Securities of such series. 
  

	 SECTION 302.
	 DENOMINATIONS. 

The Securities of each series shall be issuable in such denominations as shall be specified as contemplated by
Section 301. With respect to Securities of any series denominated in Dollars, in the absence of any such provisions with respect to the Securities or any series, the Securities of such series shall be issuable in denominations of $2,000 and any
integral multiple of $1,000 in excess thereof. 

  
 20 

	 SECTION 303.
	 EXECUTION, AUTHENTICATION, DELIVERY AND DATING. 

The Securities shall be executed on behalf of the Company by its Chairman of the Board of Directors, Chief Executive Officer,
Chief Financial Officer, one of its Corporate Vice Presidents or Senior Vice Presidents or its Treasurer. The signature of any of these officers on the Securities may be manual or facsimile signatures of the present or any future such authorized
officer and may be imprinted or otherwise reproduced on the Securities. 
 Securities bearing the manual or facsimile
signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices before the authentication and delivery of such Securities
or did not hold such offices at the date of such Securities. 
 At any time and from time to time after the execution and
delivery of this Indenture, the Company may deliver Securities of any series, executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in
accordance with the Company Order shall authenticate and deliver such Securities. 
 If all the Securities of any series are
not to be issued at one time and if the terms of such series as established in or pursuant to a Board Resolution or supplemental indenture shall so permit, such Company Order may set forth procedures acceptable to the Trustee for the issuance of
such Securities and determining the terms of particular Securities of such series, such as interest rate or formula, maturity date, date of issuance and date from which interest shall accrue. 

In authenticating Securities of any series, and accepting the additional responsibilities under this Indenture in relation to
such Securities, the Trustee shall receive, and (subject to TIA Section 315(a) through 315(d)) shall be fully protected in relying upon, 

(1) an Opinion of Counsel stating to the effect that: 

(A) the form or forms of such Securities have been established in conformity with the provisions of this
Indenture; 
 (B) the terms of such Securities have been established in conformity with the provisions of
this Indenture; and 
 (C) such Securities, when completed by appropriate insertions and executed and
delivered by the Company to the Trustee for authentication in accordance with this Indenture, authenticated and delivered by the Trustee in accordance with this Indenture and issued by the Company in the manner and subject to any conditions
specified in such Opinion of Counsel, will constitute legally valid and binding obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency, fraudulent transfer, preferences and other similar
laws of general applicability relating to or affecting the rights and remedies of creditors to general equitable principles, limitations on enforceability where such provisions are contrary to public policy and other customary exceptions; and 

  
 21 

 (2) an Officers’ Certificate stating that all conditions precedent provided
for in this Indenture relating to the issuance of the Securities have been complied with and that, to the best of the knowledge of the signers of such certificate, no Event of Default with respect to any of the Securities shall have occurred and be
continuing. 
 If such form or terms have been so established, the Trustee shall not be required to authenticate such
Securities if the issue of such Securities pursuant to this Indenture will adversely affect the Trustee’s own rights, duties, obligations or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably
acceptable to the Trustee. 
 Notwithstanding the provisions of Section 301 and of the preceding paragraph, if all the
Securities of any series are not to be issued at one time, it shall not be necessary to deliver an Officers’ Certificate otherwise required pursuant to Section 301 or a Company Order or an Opinion of Counsel or an Officers’
Certificate otherwise required pursuant to the preceding paragraph at the time of issuance of each Security of such series, but such order, opinion and certificates, with appropriate modifications to cover such future issuances, shall be delivered
at or before the time of issuance of the first Security of such series. 
 Each Security shall be dated the date of its
authentication. 
 No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any
purpose unless there appears on such Security a certificate of authentication substantially in the form provided for herein duly executed by the Trustee by manual signature of an authorized signatory, and such certificate upon any Security shall be
conclusive evidence, and the only evidence, that such security has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture. Notwithstanding the foregoing, if any Security (including a Global Security) shall
have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 309 together with a written statement (which need not
comply with Section 102 and need not be accompanied by an Opinion of Counsel) stating that such Security has never been issued and sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been
authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 
  

	 SECTION 304.
	 TEMPORARY SECURITIES. 

Pending the preparation of definitive Securities of any series, the Company may execute, and upon receipt of a Company Order
the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are
issued, in registered form, or, if authorized, in bearer form with one or more coupons or without coupons, and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine,
as conclusively evidenced by their execution of such Securities. In the case of Securities of any series, such temporary Securities may be in global form. 

  
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 Except in the case of temporary Securities (which shall be exchanged as otherwise
provided herein or as otherwise provided in or pursuant to a Board Resolution or supplemental indenture), if temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without
unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at
the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the Company shall execute and the Trustee shall
authenticate and deliver in exchange therefor a like principal amount of definitive Securities of the same series of authorized denominations. Until so exchanged, the temporary Securities of any series shall in all respects be entitled to the same
benefits under this Indenture as definitive Securities of such series. 
 Unless otherwise provided in or pursuant to
a Board Resolution, the following provisions of this Section 304 shall govern the exchange of temporary Securities other than through the facilities of The Depository Trust Company (“DTC”). If any such temporary Security is
issued in global form, then such temporary Global Security shall, unless otherwise provided therein, be delivered to the London office of a depositary or common depositary (the “Common Depositary”), for the benefit of Euroclear and
Clearstream, for credit to the respective accounts of the beneficial owners of such Securities (or to such other accounts as they may direct). 

Without unnecessary delay but in any event not later than the date specified in, or determined pursuant to the terms
of, any such temporary Global Security (the “Exchange Date”), the Company shall deliver to the Trustee definitive Securities, in aggregate principal amount equal to the principal amount of such temporary Global
Security, executed by the Company. On or after the Exchange Date, such temporary Global Security shall be surrendered by the Common Depositary to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or from time to
time in part, for definitive Securities without charge, and the Trustee shall authenticate and deliver, in exchange for each portion of such temporary Global Security, an equal aggregate principal amount of definitive Securities of the same series
of authorized denominations and of like tenor as the portion of such temporary Global Security to be exchanged. The definitive Securities to be delivered in exchange for any such temporary Global Security shall be in bearer form, registered form,
permanent global bearer form or permanent global registered form, or any combination thereof, as specified as contemplated by Section 301, and, if any combination thereof is so specified, as requested by the beneficial owner thereof;
provided, however, that, unless otherwise specified in such temporary Global Security, upon such presentation by the Common Depositary, such temporary Global Security is accompanied by a certificate dated the Exchange Date or a subsequent
date and signed by Euroclear as to the portion of such temporary global security held for its account then to be exchanged and a certificate dated the Exchange Date or a subsequent date and signed by Clearstream as to the portion of such temporary
Global Security held for its account then to be exchanged, each in the form set forth in Exhibit A-2 to this Indenture or in such other form as may be established pursuant to Section 301. 

  
 23 

 Unless otherwise specified in such temporary Global Security, the interest of a
beneficial owner of Securities of a series in a temporary Global Security shall be exchanged for definitive Securities of the same series and of like tenor following the Exchange Date when the account holder instructs Euroclear or Clearstream, as
the case may be, to request such exchange on his behalf and delivers to Euroclear or Clearstream, as the case may be, a certificate in the form set forth in Exhibit A-2 to this Indenture (or in such other form as may be established pursuant to
Section 301), dated no earlier than 15 days prior to the Exchange Date, copies of which certificate shall be available from the offices of Euroclear and Clearstream, the Trustee, any Authenticating Agent appointed for such series of Securities
and each Paying Agent. Unless otherwise specified in such temporary Global Security, any such exchange shall be made free of charge to the beneficial owners of such temporary Global Security, except that a Person receiving definitive Securities must
bear the cost of insurance, postage, transportation and the like unless such Person takes delivery of such definitive Securities in person at the offices of Euroclear or Clearstream. Definitive Securities in bearer form to be delivered in exchange
for any portion of a temporary Global Security shall be delivered only outside the United States. 
 Until exchanged in full
as hereinabove provided, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of the same series and of like tenor authenticated and delivered hereunder, except
that, unless otherwise specified as contemplated by Section 301, interest payable on a temporary Global Security on an Interest Payment Date for Securities of such series occurring prior to the applicable Exchange Date shall be payable to
Euroclear and Clearstream on such Interest Payment Date upon delivery by Euroclear and Clearstream to the Trustee of a certificate or certificates in the form set forth in Exhibit A-2 to this Indenture (or in such other forms as may be established
pursuant to Section 301), for credit without further interest on or after such Interest Payment Date to the respective accounts of Persons who are the beneficial owners of such temporary Global Security on such Interest Payment Date and who
have each delivered to Euroclear or Clearstream, as the case may be, a certificate dated no earlier than 15 days prior to the Interest Payment Date occurring prior to such Exchange Date in the form set forth in Exhibit A-2 to this Indenture (or in
such other forms as may be established pursuant to Section 301). Notwithstanding anything to the contrary herein contained, the certifications made pursuant to this paragraph shall satisfy the certification requirements of the preceding two
paragraphs and of the third paragraph or Section 303 and the interests of the Persons who are the beneficial owners of the temporary Global Security with respect to which such certification was made will be exchanged for definitive Securities
of the same series and of like tenor on the Exchange Date or the date of certification if such date occurs after the Exchange Date, without further act or deed by such beneficial owners. Except as otherwise provided in this paragraph, no payments of
principal or interest owing with respect to a beneficial interest in a temporary Global Security will be made unless and until such interest in such temporary Global Security shall have been exchanged for an interest in a definitive Security. Any
interest so received by Euroclear and Clearstream and not paid as herein provided shall be returned to the Trustee prior to the expiration of two years after such Interest Payment Date in order to be repaid to the Company. 

  
 24 

	 SECTION 305.
	 REGISTRATION, REGISTRATION OF TRANSFER AND EXCHANGE. 

The Company shall cause to be kept at the Corporate Trust Office of the Trustee or in any office or agency of the
Company in a Place of Payment a register for each series of Securities (the registers maintained in such office or in any such office or agency of the Company in a Place of Payment being herein sometimes referred to collectively as the
“Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities and of transfers of Securities. The Security Register shall be in written form
or any other form capable of being converted into written form within a reasonable time. The Trustee, at its Corporate Trust Office, is hereby initially appointed “Security Registrar” for the purpose of registering Securities and transfers
of Securities on such Security Register as herein provided. If the Trustee shall cease to be Security Registrar, it shall have the right to examine the Security Register at all reasonable times. 

Subject to the provisions of this Section 305, upon surrender for registration of transfer of any Security of any series
at any office or agency of the Company in a Place of Payment for that series, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same
series, of any authorized denominations and of a like aggregate principal amount, bearing a number not contemporaneously outstanding, and containing identical terms and provisions. 

Subject to the provisions of this Section 305, at the option of the Holder, Securities of any series may be exchanged for
other Securities of the same series, of any authorized denomination or denominations and of a like aggregate principal amount, containing identical terms and provisions, upon surrender of the Securities to be exchanged at any such office or agency.
Whenever any such Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 

Except as otherwise specified as contemplated by Section 301, any permanent Global Security shall be exchangeable only as
provided in this paragraph. If the depositary for any permanent Global Security is DTC, then, unless the terms of such Global Security expressly permit such Global Security to be exchanged in whole or in part for definitive Securities, a Global
Security may be transferred, in whole but not in part, only to a nominee of DTC, or by a nominee of DTC to DTC, or to a successor to DTC for such Global Security selected or approved by the Company or to a nominee of such successor to DTC. If at any
time (i) DTC notifies the Company that it is unwilling or unable to continue as depositary or if DTC ceases to be a clearing agency registered as such under the Exchange Act at any time when the depositary is required to be so registered in
order to act as depositary for the applicable Global Security and a successor depositary is not appointed within 90 days after the Company receives such notice or learns of such ineligibility, (ii) the Company determines that the Securities of
a series shall no longer be represented by a Global Security and executes and delivers to the Trustee an Officers’ Certificate to such effect or (iii) an Event of Default with respect to the Securities of such series shall have occurred
and be continuing and beneficial owners representing a majority in aggregate principal amount of the Outstanding Securities of such series advise DTC to cease acting as depositary for the applicable Global Security, then the Company shall execute,
and the Trustee 

  
 25 

 
shall authenticate and deliver, definitive Securities of like series, rank, tenor and terms in definitive form in an aggregate principal amount equal to the principal amount of such Global
Security or Securities. If any beneficial owner of an interest in a permanent Global Security is otherwise entitled to exchange such interest for Securities of such series and of like tenor and principal amount of another authorized form and
denomination, as specified as contemplated by Section 301 and provided that any applicable notice provided in the permanent Global Security shall have been given, then without unnecessary delay but in any event not later than the earliest date
on which such interest may be so exchanged, the Company shall execute, and the Trustee shall authenticate and deliver, definitive Securities in aggregate principal amount equal to the principal amount of such beneficial owner’s interest in such
permanent Global Security. On or after the earliest date on which such interests may be so exchanged, such permanent Global Security shall be surrendered for exchange by DTC or such other depositary as shall be specified in the Company Order with
respect thereto to the Trustee, as the Company’s agent for such purpose. If a Registered Security is issued in exchange for any portion of a permanent Global Security after the close of business at the office or agency where such exchange
occurs on (i) any Regular Record Date and before the opening of business at such office or agency on the relevant Interest Payment Date or (ii) any Special Record Date and the opening of business at such office or agency on the related
proposed date for payment of Defaulted Interest, interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such Registered Security, but will
be payable on such Interest Payment Date or proposed date for payment as the case may be, only to the Person to whom interest in respect of such portion of such permanent Global Security is payable in accordance with the provisions of this
Indenture. 
 All Securities issued upon any registration of transfer or exchange of Securities shall be the valid
obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 

Every Security presented or surrendered for registration of transfer or for exchange or redemption shall (if so required by
the Company or the Security Registrar) be duly endorsed, or be accompanied by a written instrument of transfer (including evidence of title and identity) in form satisfactory to the Company and the Security Registrar, duly executed by the Holder
thereof or his attorney duly authorized in writing. 
 No service charge shall be made for any registration of transfer or
exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges
pursuant to Section 304, 1107 or 1305 or the second sentence of the third preceding paragraph not involving any transfer. 

Neither the Company nor the Trustee shall be required to (1) issue, register the transfer of or exchange any Security if
such Security may be among those selected for redemption during a period beginning at the opening of business 15 days before the mailing or first publication, as the case may be, of notice of redemption of such Securities and ending at the close of
business on the day of the mailing of the relevant notice of redemption, or (2) register the transfer of or exchange any Security, or portion thereof, so selected for redemption in whole or in part, except, in the case of any Security to be
redeemed in part, the portion thereof not to be redeemed, or (3) issue, register the transfer of or exchange any Security which has been surrendered for repayment at the option of the Holder, except the portion, if any, of such Security not to
be so repaid. 

  
 26 

	 SECTION 306.
	 MUTILATED, DESTROYED, LOST AND STOLEN SECURITIES. 

If any mutilated Security is surrendered to the Trustee or the Company, together with, in proper cases, such security or
indemnity as may be required by the Company or the Trustee to save each of them or any agent of either of them harmless, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series
and principal amount, containing identical terms and provisions and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Company and to the Trustee (1) evidence to their satisfaction of the destruction, loss
or theft of any Security and (2) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security has been
acquired by a bona fide purchaser, the Company shall execute and upon its request the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new Security of the same series and principal amount, containing
identical terms and provisions and bearing a number not contemporaneously outstanding. 
 Notwithstanding the provisions of
the previous two paragraphs, in case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 

Upon the issuance of any new Security under this Section 306, the Company may require the payment of a sum sufficient to
cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security of any series issued pursuant to this Section 306 in lieu of any destroyed, lost or stolen Security
shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and
proportionately with any and all other Securities of that series duly issued hereunder. 
 The provisions of this
Section 306 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

 

	 SECTION 307.
	 PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED. 

Except as otherwise specified with respect to a series of Securities in accordance with the provisions of
Section 301, interest on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at
the close of business on the Regular Record Date for such interest in the relevant Security Register; provided, however, that, 

  
 27 

 
except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, each installment of interest on any Security may at the Company’s
option be paid by (1) mailing a check for such interest payable to or upon the written order of the Person entitled thereto, to the address of such Person as it appears on the Security Register or (2) wire transfer to an account maintained
by the payee located inside the United States. 
 Unless otherwise provided as contemplated by Section 301, every
permanent Global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to DTC, Euroclear and/or Clearstream, as the case may be, with respect to that portion of such permanent Global Security held for its
account by Cede & Co. or the Common Depositary or other nominee, as the case may be, for the purpose of permitting such party to credit the interest received by it in respect of such permanent Global Security to the accounts of the
beneficial owners thereof. 
 Except as otherwise specified with respect to a series of Securities in accordance with
the provisions of Section 301, any interest on any Security of any series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease
to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election, in each case as provided in clause (1) or (2)
below: 
 (1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the
Securities of such series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall
notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Security of such series and the date of the proposed payment (which shall not be less than 20 days after such notice is received by the Trustee), and at
the same time the Company shall deposit with the Trustee an amount of money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as otherwise specified
pursuant to Section 301 for the Securities of such series) equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date
of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such
Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly
notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid,
to each Holder of Securities of such series at his address as it appears in the Security Register not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor
having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and
shall no longer be payable pursuant to the following clause (2). 

  
 28 

 (2) The Company may make payment of any Defaulted Interest on the Securities of
any series in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the
Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 

Subject to the foregoing provisions of this Section 307 and Section 305, each Security delivered under this
Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

 

	 SECTION 308.
	 PERSONS DEEMED OWNERS. 

Prior to due presentment of a Security for registration of transfer, the Company, the Trustee and any agent of the Company or
the Trustee may treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving payment of principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant
to Article 11), such Security and for all other purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. All such
payments so made to any such Person, or upon such Person’s order, shall be valid, and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for money payable upon any such Security. 

No holder of any beneficial interest in any Global Security held on its behalf by a depositary shall have any rights under
this Indenture with respect to such Global Security and such depositary (or its nominee) shall be treated by the Company, the Trustee, and any agent of the Company or the Trustee as the owner of such Global Security for all purposes whatsoever. None
of the Company, the Trustee, any Paying Agent or the Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Security or for
maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
 Notwithstanding the
foregoing, with respect to any Global Security, nothing herein shall prevent the Company, the Trustee, or any agent of the Company or the Trustee, from giving effect to any written certification, proxy or other authorization furnished by any
depositary (or its nominee), as a Holder, with respect to such Global Security or impair, as between such depositary and owners of beneficial interests in such Global Security, the operation of customary practices governing the exercise of the
rights of such depositary (or its nominee) as Holder of such Global Security. 
  

	 SECTION 309.
	 CANCELLATION. 

All Securities surrendered for payment, redemption, repayment at the option of the Holder, registration of transfer or exchange
or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee, and any such Securities and Securities surrendered directly to the Trustee for any such purpose shall be

  
 29 

 
promptly cancelled by the Trustee. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have
acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities
so delivered shall be promptly cancelled by the Trustee. If the Company shall so acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and
until the same are surrendered to the Trustee for cancellation. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section 309, except as expressly permitted by this Indenture.
Cancelled Securities held by the Trustee shall be returned to the Company. 
  

	 SECTION 310.
	 COMPUTATION OF INTEREST. 

Except as otherwise specified as contemplated by Section 301 with respect to Securities of any series, interest on the
Securities of each series shall be computed on the basis of a 360-day year consisting of twelve 30-day months. 
  

	 SECTION 311.
	 PAYING AGENT TO HOLD MONEY IN TRUST. 

The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in
trust, for the benefit of Holders of Securities of any series, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on such the Securities of such series, and will notify the Trustee of any default by the
Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee.
Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and
hold in a separate trust fund for the benefit of Holders of Securities of any Series all money held by it as Paying Agent. Upon any bankruptcy, reorganization or similar proceeding with respect to the Company, the Trustee shall serve as Paying Agent
for the Securities. 
 ARTICLE 4 

SATISFACTION AND DISCHARGE; DEFEASANCE 
  

	 SECTION 401.
	 SATISFACTION AND DISCHARGE. 

This Indenture shall upon a Company Request cease to be of further effect with respect to any series of Securities specified in
such Company Request (except as to (i) rights hereunder of Holders of the Securities of such series to receive all amounts owing upon the Securities of such series and the other rights, duties and obligations of Holders of the Securities of
such series, as beneficiaries hereof with respect to the amounts, if any, so deposited with the Trustee, (ii) the rights, obligations and immunities of the Trustee hereunder and (iii) as provided below in this Section 401), and the
Trustee, upon demand of and at the expense of the Company, shall execute instruments in form and substance satisfactory to the Trustee and the Company acknowledging satisfaction and discharge of this Indenture when: 

(1) either 

(i) all Securities of such series theretofore authenticated and delivered (other than (A) Securities which
have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 306, and (B) Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and
thereafter repaid to the Company or discharged from such trust, as provided in Section 406) have been delivered to the Trustee for cancellation; or 

  
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 (ii) all Securities of such series not theretofore delivered to
the Trustee for cancellation 
 (A) have become due and payable, or 

(B) will become due and payable at their Maturity Date within one year, or 

(C) are to be called for redemption on a Redemption Date within one year under irrevocable arrangements
satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, 

and the Company, in the case of (A), (B) or (C) above, has irrevocably deposited or caused to be deposited with the
Trustee, as trust funds in trust for such purpose, money in the currency in which such Securities are denominated (except as otherwise provided pursuant to Section 301) in an amount sufficient to pay and discharge the entire indebtedness on the
Securities of such series not theretofore delivered to the Trustee for cancellation, including the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on such Securities, to the
date of such deposit (in the case of Securities which have become due and payable) or to the Maturity Date or such Redemption Date, as the case may be; 

(2) the Company has paid or caused to be paid all other sums payable to the Trustee hereunder by the Company; and 

(3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture with respect to such series have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, if money shall have been deposited with the Trustee pursuant
to this Section 401, then the provisions of Sections 305, 306, 309, 607, 608(5), 1002, 1003 and 1010 and this Article 4 (other than Section 402) and, if the Securities of such series will be paid on a Redemption Date, Article 11 shall
survive and remain in full force and effect. 

  
 31 

	 SECTION 402.
	 DEFEASANCE AND COVENANT DEFEASANCE. 

(1) The Company may at its option by Board Resolution, at any time, elect to have Section 402(2) or Section 402(3) be
applied to the Outstanding Securities of any particular series specified in such Board Resolution upon compliance with the conditions set forth below in this Section 402. 

(2) Upon the Company’s exercise of the above option applicable to this Section 402(2), the Company shall be deemed
to have been discharged from its obligations with respect to the Outstanding Securities of such series on the date the conditions set forth in this Section 402(2) are satisfied (hereinafter, “legal defeasance”). For this
purpose, such legal defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the Outstanding Securities of such series, which shall thereafter be deemed to be “Outstanding” only
for the purposes of Sections 403 and 404 and the other provisions of this Indenture referred to below in this paragraph, and to have satisfied all of its other obligations under the Securities of such series and this Indenture insofar as the
Securities of such series are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions hereof, which shall survive such legal defeasance and remain in
full force and effect with respect to the Securities of such series: (i) the rights of Holders of the Securities of such series to receive, solely from the trust fund described in Section 402(4)(i), payments in respect of the principal of
(and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on the Securities of such series when such payments are due, (ii) the provisions of Sections 304, 305, 306, 606, 608(5), 1002, 1003 and
1010, and this Article 4 (other than Section 401), and if the Securities of such series will be paid on a Redemption Date, Article 11, and (iii) the rights, obligations and immunities of the Trustee hereunder. The Company may exercise its
option under this Section 402(2) notwithstanding the prior exercise of its option under Section 402(3). 
 (3)
Upon the Company’s exercise of the above option applicable to this Section 402(3) with respect to the Securities of any particular series, the Company shall be released from its obligations under Section 1004 with respect to such
Securities to keep in full force and effect its rights (charter and statutory) and franchises (but, for the avoidance of doubt, shall not be released from their respective obligations with respect to such Securities to do or cause to be done all
things necessary to preserve and keep in full force and effect their respective existences (except as permitted under Article 8)) and Section 1005, inclusive on and after the date the conditions set forth in Section 402(4) are satisfied
(hereinafter, “covenant defeasance”), and the Securities of such series shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the
consequences of any thereof) in connection with any such covenant, but shall continue to be deemed Outstanding” for all other purposes hereunder. For this purpose, such covenant defeasance means that with respect to the Outstanding Securities
of a particular series, the Company may omit to comply with, and shall have no liability in respect of, any term, condition or limitation set forth in any such Section, whether directly or indirectly, by reason of any reference elsewhere herein to
any such Section or by reason of reference in any such Section or to any other provision herein or in any other 

  
 32 

 
document and such omission to comply shall not constitute a default or an Event of Default under Section 501(3) or otherwise, as the case may be, but, except as specified above, the
remainder of this Indenture, the Securities of such series shall be unaffected thereby. 
 (4) The following shall be the
conditions to the effectiveness of legal defeasance pursuant to Section 402(2), and covenant defeasance pursuant to Section 402(3), to any Outstanding Securities of a series: 

(i) The Company shall irrevocably have deposited or caused to be deposited with the Trustee as trust funds in
trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities, (A) an amount in U.S. dollars, or (B) Government Obligations which
through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment of principal of (and premium, if any) and Interest (including the
Redemption Price upon redemption pursuant to Article 11) on such Securities, money in an amount, or (C) a combination thereof, in any case, in an amount, sufficient, without consideration of any reinvestment of such principal of (and premium,
if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11), in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to
pay and discharge, and which shall be applied by the Trustee to pay and discharge, the principal of (and premium, if any) and Interest on such Securities on the Stated Maturity of such principal or installment of principal of (and premium, if any)
and Interest and the Redemption Price upon redemption pursuant to Article 11 on the applicable Redemption Date, as the case may be, in accordance with the terms of this Indenture and such Securities. 

(ii) In the case of legal defeasance pursuant to Section 402(2) with respect to Securities of a particular
series, the Company shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee stating that (x) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or
(y) since the date of this Indenture there has been a change in applicable federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of such Securities will not
recognize income, gain or loss for federal income tax purposes as a result of such legal defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such legal
defeasance had not occurred; or, in the case of covenant defeasance pursuant to Section 402(3), the Company shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee to the effect that the Holders of such
Securities will not recognize income, gain or loss for federal income tax purposes as a result of such covenant defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the
case if such covenant defeasance had not occurred. 

  
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 (iii) Such legal defeasance or covenant defeasance shall not
result in a breach or violation of, or constitute a default under, this Indenture or any other material agreement or instrument to which the Company is a party or by which it is bound. 

(iv) No Event of Default or event which with notice or lapse of time or both would become an Event of Default
shall have occurred and be continuing on the date of such deposit, and no Event of Default or event which with notice or lapse of time or both would become an Event of Default under Section 501(5) or 501(6) shall have occurred and be continuing
at any time during the period ending on and including the 91st day after the date of such deposit. 
 (v) The
Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent to the legal defeasance or covenant defeasance, as the case may be, under this Indenture have been
complied with. 
 (vi) If the monies or Government Obligations or combination thereof, as the case may be,
deposited under Section 402(4)(i) above are sufficient to pay the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on such Securities provided such Securities are redeemed
on a particular Redemption Date, the Company shall have given the Trustee irrevocable instructions to redeem such Securities on such date and to provide notice of such redemption to Holders as provided in or pursuant to this Indenture. 

(vii) Such legal defeasance or covenant defeasance will not cause the Trustee to have a conflicting interest
for the purposes of the Trust Indenture Act with respect any of the Company’s securities. 
 (viii) Such
legal defeasance or covenant defeasance will not cause any securities listed on any registered national securities exchange under the Exchange Act to be delisted. 

(ix) Such legal defeasance or covenant defeasance will be effected in compliance with any additional terms,
conditions or limitations which may be imposed on the Company in connection therewith. 
 (5) The Company shall pay and
indemnify the Trustee against any tax, fee or other charge, imposed on or assessed against the Government Obligations deposited pursuant to this Section 402 of the principal of (and premium, if any) and Interest (including the Redemption Price
upon redemption pursuant to Article 11) received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of such Securities. 

(6) Anything in this Section 402 to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from
time to time upon a Company Request any money or Government Obligations (or any proceeds therefrom) held by it as provided in Section 402(2)(i) which, in the opinion of a nationally recognized firm of independent public accountants

  
 34 

 
expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect a legal defeasance or covenant
defeasance, as applicable, in accordance with this Section 402. 
  

	 SECTION 403.
	 APPLICATION OF TRUST MONEY. 

Subject to the provisions of Section 405, all money and Government Obligations (and proceeds therefrom) deposited with the
Trustee pursuant to Section 401 or 402 in respect of Outstanding Securities of any series shall be held in trust and applied by it, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or
through any Paying Agent (other than the Company or any of its Affiliates or Subsidiaries) as the Trustee may determine, to the Persons entitled thereto, of the principal of (and premium, if any) and Interest (including the Redemption Price upon
redemption pursuant to Article 11) for whose payment such money has or Government Obligations have been deposited with or received by the Trustee; but such money and Government Obligations need not be segregated from other funds except to the extent
required by law. 
  

	 SECTION 404.
	 APPLICATION OF MONIES HELD. 

Subject to the provisions of Section 405, the Trustee or a Paying Agent shall hold in trust, for the benefit of the
Holders of Securities of a particular series, all money and Government Obligations (and proceeds therefrom) deposited with it pursuant to Sections 401 and 402 shall apply the deposited money and Government Obligations (and proceeds therefrom) in
accordance with this Indenture and such Securities to the payment of the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on such Securities. 

 

	 SECTION 405.
	 RETURN OF UNCLAIMED MONIES. 

Subject to the restrictions of applicable law, the Trustee and each Paying Agent shall pay to the Company upon request
any money held by them for the payment of principal (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) that remains unclaimed for two years after a right to such money has matured; provided,
however, that the Trustee or such Paying Agent, before being required to make any such payment may, at the expense of the Company, cause to be mailed to each Holder entitled to such money, notice that such money remains unclaimed and that after
a date specified therein, which shall be at least 30 calendar days from the date of such mailing, any unclaimed balance of such money then remaining will be repaid to the Company. After payment to the Company, Holders entitled to that money must
look to the Company for payment as general creditors unless an applicable abandoned property law designates another person, and the Trustee and each Paying Agent shall be relieved of all liability with respect to such money. 

 

	 SECTION 406.
	 REINSTATEMENT. 

If the Trustee or any Paying Agent is unable to apply any moneys or Government Obligations deposited pursuant to
Section 401(1)(i) or 402(4)(i) to pay any principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on the Securities of a particular series by reason of any legal proceeding or any
order 

  
 35 

 
or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Indenture and such
Securities shall be revived and reinstated as though no such deposit had occurred, until such time as the Trustee or Paying Agent is permitted to apply all such moneys and Government Obligations to pay the principal of (and premium, if any) and
Interest (including the Redemption Price upon redemption pursuant to Article 11) on such Securities as contemplated by Section 401 or 402, as the case may be, and Section 403; provided, however, that if the Company makes any payment
of the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on such Securities following the reinstatement of its obligations as aforesaid, the Company shall be subrogated to the
rights of the Holders of such Securities to receive such payment from the funds held by the Trustee or Paying Agent in trust. 

ARTICLE 5 
 REMEDIES 

 

	 SECTION 501.
	 EVENTS OF DEFAULT. 

In case any one or more of the following (each, an “Event of Default”) (whatever the reason for such
Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) shall have
occurred and be continuing with respect to the Securities of any particular series: 
 (1) default in the payment of
any Interest on the Securities of such series when such Interest becomes due and payable and continuance of such default for a period of 30 days; 

(2) default in the payment of any principal (and premium, if any) (including the Redemption Price upon redemption pursuant to
Article 11) with respect to the Securities of such series, when due and payable, on the Maturity Date, upon acceleration, upon redemption or otherwise; 

(3) default in the observance or performance of any other covenant or agreement of the Company in this Indenture (other than a
covenant or warranty a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly been included in this Indenture solely for the benefit of a series of Securities other than that series)
and continuance of such default for a period of 60 days after the Company receives written notice specifying the default (and demanding that such default be remedied) from the Trustee or the Holders of at least 25% in aggregate principal amount of
the Securities of such series then Outstanding and stating that such notice is a “Notice of Default” hereunder; 

(4) default under any Indebtedness of the Company or of any or its Subsidiaries, having an aggregate principal amount
outstanding of at least $50,000,000, which default shall have resulted in such Indebtedness becoming or being declared due and payable prior to the date on which it would otherwise have become due and payable, without such Indebtedness having been
discharged, or such acceleration having been rescinded or annulled, 

  
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within the greater of (i) the period specified in such instrument and (ii) 60 days after written notice to the Company by the Trustee or Holders of at least 25% of the principal amount
of the Securities of such series Outstanding; 
 (5) the Company or any of its Significant Subsidiaries pursuant to or under
or within meaning of any Bankruptcy Law: 
 (i) commences a voluntary case; or 

(ii) consents to the entry of an order for relief against it in an involuntary case; or 

(iii) consents to the appointment of any receiver, trustee, assignee, liquidator or other similar official
under any Bankruptcy Law of it or for all or substantially of its property; or 
 (iv) makes a general
assignment for the benefit of creditors; or 
 (6) a court of competent jurisdiction enters an order or decree under any
Bankruptcy Law that: 
 (i) is for relief against the Company or any of its Significant Subsidiaries in an
involuntary case; or 
 (ii) appoints a trustee, receiver, liquidator, custodian or other similar official of
the Company or any of its Significant Subsidiaries or for all or substantially all of its property; or 

(iii) orders the liquidation of the Company or any of its Significant Subsidiaries; 

and, in each case in this clause (6), the order or decree remains unstayed and in effect for 90 calendar days; 

then, and in each and every such case (other than an Event of Default specified in Section 501(5) and Section 501(6)), unless the
principal of all of the Securities of such series shall have already become due and payable, either the Trustee or the Holders of at least 25% in aggregate principal amount of the Securities of such series then Outstanding, by notice in writing to
the Company (and to the Trustee if given by Holders of Securities), specifying the respective Event of Default and that such notice is a “notice of acceleration,” may declare the principal amount of and premium, if any, as applicable, and
Interest accrued and unpaid on, all the Securities of such series to be immediately due and payable, and upon any such declaration the same shall be immediately due and payable. 

If an Event of Default specified in Section 501(5) or Section 501(6) occurs and is continuing, then the principal of
(and premium, if any) and Interest accrued and unpaid (including the Redemption Price upon redemption pursuant to Article 11) on all the Securities of such series shall be immediately due and payable without any declaration or other action on the
part of the Trustee or any Holder of Securities of such series. 

  
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 If, at any time after the principal of (and premium, if any) and Interest
(including the Redemption Price upon redemption pursuant to Article 11) on the Securities of a particular series shall have been so declared due and payable, and before any judgment or decree for the payment of the monies due shall have been
obtained or entered as hereinafter provided, Holders of not less than a majority in aggregate principal amount of the Securities of such series then Outstanding on behalf of the Holders of all of the Securities of such series then Outstanding, by
written notice to the Company and to the Trustee, may waive all defaults or Events of Default and rescind and annul such declaration and its consequences, subject in all respects to Section 507, if: (a) all Events of Default, other than
the nonpayment of the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) that have become due solely because of such acceleration, have been cured or waived; (b) the Company
shall have deposited with the Trustee a sum sufficient to pay all overdue Interest, including Interest on overdue principal and (to the extent that payment of such Interest is lawful) overdue installments of Interest, and all principal which has
become due otherwise than by such acceleration; and (c) the Company has paid the Trustee its reasonable compensation and reimbursed the Trustee for its expenses, disbursements and advances pursuant to Section 606. No such waiver or
rescission and annulment shall extend to or shall affect any subsequent default or Event of Default, or shall impair any right consequent thereon. 

In case the Trustee shall have proceeded to enforce any right under this Indenture with respect to the Securities of a
particular series and such proceedings shall have been discontinued or abandoned because of such waiver or rescission and annulment or for any other reason or shall have been determined adversely to the Trustee, then and in every such case the
Company, the Holders of the Securities of such series, and the Trustee shall be restored respectively to their several positions and rights hereunder, and all rights, remedies and powers of the Company, the Holders of the Securities of such series,
and the Trustee shall continue as though no such proceeding had been taken. 
 Anything herein to the contrary
notwithstanding, Interest on any overdue installments of principal of and premium, if any, as applicable, and (to the extent that payment of such Interest is lawful) Interest on the Securities of a particular series shall accrue and be payable at
the same rate as Interest is otherwise payable on such Securities. 
  

	 SECTION 502.
	 PAYMENTS OF SECURITIES ON DEFAULT; SUIT THEREFOR. 

The Company covenants that in the case of an Event of Default with respect to Securities of a particular series pursuant to
Section 501(1) or 501(2), upon demand of the Trustee, the Company will pay to the Trustee, for the benefit of the Holders of the Securities of such series, (i) the whole amount that then shall be due and payable on all such Securities for
principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11), as the case may be, with Interest upon overdue principal and (to the extent that payment of such Interest is enforceable under
applicable law) the overdue installments of accrued and unpaid Interest at the rate borne by such Securities from the required payment date and, (ii) in addition thereto, any amounts due the Trustee under Section 606. Until such demand

  
 38 

 
by the Trustee, the Company may pay the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on the Securities to the registered
Holders, whether or not such payments in respect of the Securities are overdue. 
 In case the Company shall fail forthwith
to pay such amounts upon such demand, the Trustee, in its own name and as trustee of an express trust, shall be entitled and empowered to institute any actions or proceedings at law or in equity for the collection of the sums so due and unpaid, and
may prosecute any such action or proceeding to judgment or final decree, and may enforce any such final judgment or final decree against the Company or any other obligor on the Securities of such series and collect in the manner provided by law out
of the property of the Company or any other obligor on the Securities of such series wherever situated the monies adjudged or decreed to be payable. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement,
adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities of any particular series or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of
whether the principal of the Securities of such series shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue
principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on such Securities shall be entitled and empowered, by intervention in such proceeding or otherwise: (1) to file and prove a
claim for the whole amount of principal of (and premium, if any) and Interest (including Interest on overdue principal and (to the extent that payment of such Interest is lawful) overdue Interest) and including the Redemption Price upon redemption
pursuant to Article 11, owing and unpaid in respect of such Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders of such Securities allowed in such judicial proceeding, and (ii) to collect and receive any moneys or other property payable or deliverable on any
such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any such judicial proceeding is hereby authorized by each Holder of such Securities to make such payments
to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders of such Securities, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and
advances of the Trustee and any predecessor Trustee, their agents and counsel, and any other amounts due the Trustee or any predecessor Trustee under Section 606. Nothing herein contained shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder of a Security of any series any plan of reorganization, arrangement, adjustment or composition affecting the Securities of such series or the rights of any Holder thereof, or to authorize the
Trustee to vote in respect of the claim of any Holder of Securities of such series in any such proceeding; provided, however, that the Trustee may, on behalf of the Holders of Securities, vote for the election of a trustee in bankruptcy or
similar official and may be a member of the creditors’ committee. 

  
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 All rights of action and of asserting claims under this Indenture, or under the
Securities of any series, may be enforced by the Trustee without the possession of any of the Securities of such series, or the production thereof at any trial or other proceeding relative thereto, and any such suit or proceeding instituted by the
Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel,
be for the ratable benefit of the Holders of the Securities of such series. 
 In any proceedings brought by the Trustee
(and in any proceedings involving the interpretation of any provision of this Indenture to which the Trustee shall be a party) the Trustee shall be held to represent all the Holders of the Securities, and it shall not be necessary to make any
Holders of the Securities parties to any such proceedings. 
  

	 SECTION 503.
	 APPLICATION OF MONIES COLLECTED BY TRUSTEE. 

Any monies collected by the Trustee pursuant to this Article 5 shall be applied in the following order, at the date or dates
fixed by the Trustee for the distribution of such monies, upon presentation of the several Securities, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid: 

 

	 	 FIRST:
	 To the payment of costs and expenses of collection, including all sums paid or advanced by the Trustee
hereunder and the reasonable compensation, expenses and disbursements of the Trustee, its agents and counsel all other amounts due the Trustee and any predecessor Trustee under Section 606; 

 

	 	 SECOND:
	 To the payment of the amounts then due and unpaid upon the Securities for principal of (and premium, if any)
and Interest (including the Redemption Price upon redemption pursuant to Article 11), in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the aggregate
amounts due and payable on the Securities for principal (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11), respectively; and 

 

	 	 THIRD:
	 To the payment of the remainder, if any, to the Company. 

 

	 SECTION 504.
	 PROCEEDINGS BY HOLDERS OF SECURITIES. 

No Holder of any Security of any series shall have any right by virtue of or by reference to any provision of this Indenture to
institute any suit, action or proceeding in equity or at law upon or under or with respect to this Indenture, or for the appointment of a receiver, trustee, liquidator, custodian or other similar official, or for any other remedy hereunder, except
in the case of a default in the payment of principal (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on such Securities, unless (a) such Holder previously shall have given to the
Trustee written notice of an Event of Default and of the continuance thereof with respect to the Securities of such series, as hereinbefore provided, (b) the Holders of at least 25% in aggregate principal amount of the Securities of such series
then Outstanding shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have offered to the Trustee such 

  
 40 

 
reasonable indemnity as it may require against the costs, liabilities or expenses to be incurred therein or thereby, (c) the Trustee for 60 calendar days after the receipt of such notice,
request and offer of indemnity, shall have failed to institute any such action, suit or proceeding and (d) no direction inconsistent with such written request shall have been given to the Trustee by Holders of a majority in aggregate principal
amount of Securities of such series then Outstanding in accordance with Section 507; it being understood and intended, and being expressly covenanted by the taker and Holder of every Security with every other taker and Holder and the Trustee,
that no one or more Holders of Securities shall have any right in any manner whatever by virtue of or by reference to any provision of this Indenture to affect, disturb or prejudice the rights of any other Holder of Securities, or to obtain or seek
to obtain priority over or preference to any other such Holder, or to enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all Holders of Securities (except as otherwise
provided herein). For the protection and enforcement of this Section 504, each and every Holder of Securities and the Trustee shall be entitled to such relief as can be given either at law or in equity. 

Notwithstanding any other provision of this Indenture and any provision of any Security of any series, the right of any Holder
of any Security of any series to receive payment of the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on such Security, on or after the respective due dates expressed in such
Security or in the event of redemption, or to institute suit for the enforcement of any such payment on or after such respective dates against the Company, shall not be impaired or affected without the consent of such Holder. 

 

	 SECTION 505.
	 PROCEEDINGS BY TRUSTEE. 

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

	 SECTION 506.
	 REMEDIES CUMULATIVE AND CONTINUING. 

To the extent permitted by law, all powers and remedies given by this Article 5 to the Trustee or to the Holders of Securities
of any particular series shall be deemed cumulative and not exclusive of any thereof or of any other powers and remedies available to the Trustee or the Holders of the Securities, by judicial proceedings or otherwise, to enforce the performance or
observance of the covenants and agreements contained in this Indenture, and no delay or omission of the Trustee or of any Holder of any Securities of any particular series to exercise any right or power accruing upon any default or Event of Default
occurring and continuing as aforesaid shall impair any such right or power, or shall be construed to be a waiver of any such default or any acquiescence therein, and, subject to the provisions of Section 504, every power and remedy given by
this Article 5 or by law to the Trustee or to the Holders of such Securities may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Holders of such Securities. 

  
 41 

	 SECTION 507.
	 DIRECTION OF PROCEEDINGS AND WAIVER OF DEFAULTS BY MAJORITY OF HOLDERS OF SECURITIES. 

The Holders of not less than a majority in aggregate principal amount of the Securities of a particular series at the time
Outstanding shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series;
provided that (a) such direction shall not be in conflict with any rule of law or with this Indenture, (b) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, and
(c) the Trustee need not take any action which might involve it in personal liability or be unduly prejudicial to the Holders of such Securities not joining therein, it being understood that (subject to Section 602) the Trustee shall have
no duty to ascertain whether or not such actions or forbearance are unduly prejudicial to such Holders. 
 The Holders of a
majority in aggregate principal amount of the Securities of any particular series at the time Outstanding may, on behalf of the Holders of all of the Securities of such series, waive any past default or Event of Default with respect to Securities of
such series hereunder and its consequences except (i) a default in the payment of the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on the Securities of such
series, (ii) a default in the payment of the Redemption Price or any Interest on the Securities of such series called for redemption on a Redemption Date pursuant to Article 11, or (iii) a default in respect of a covenant or provisions
hereof, which under Article 9 cannot be modified or amended without the consent of the Holders of all Securities of such series then Outstanding or each Security of such series affected thereby. 

Upon any such waiver, such default with respect to such Securities shall cease to exist, and any Event of Default with respect
to such Securities arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or Event of Default with respect to such Securities or impair any right
consequent thereon. 
  

	 SECTION 508.
	 UNDERTAKING TO PAY COSTS. 

All parties to this Indenture agree, and each Holder of a Security of any particular series by its acceptance thereof
shall be deemed to have agreed, that any court may, in its discretion, require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the
filing by any party litigant in such suit of an undertaking to pay the costs of such suit and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such
suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; provided that the provisions of this Section 508 (to the extent permitted by law) shall not apply to any suit instituted by the
Trustee, to any suit instituted by any Holder of Securities of such series, or group of Holders of such series, holding in the aggregate more than ten percent in principal amount of the Securities of such series at the time Outstanding, or to any
suit instituted by any Holder of Securities of such series for the enforcement of the payment of the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on such Security on or after
the due date expressed in such Security. 

  
 42 

 ARTICLE 6 

THE TRUSTEE 
  

	 SECTION 601.
	 NOTICE OF DEFAULTS. 

Within 90 calendar days after the occurrence of any default hereunder, the Trustee shall transmit in the manner and to
the extent provided in TIA Section 313(c), notice of such default hereunder known to a Responsible Officer of the Trustee, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in
the payment of the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on any Security of a particular series, the Trustee shall be protected in withholding such notice if and so
long as Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders of the Securities of such series; and provided further that in the case of any default or breach with
respect to Securities of any series of the character specified in Section 501(6), no such notice to Holders of Securities of such series shall be given until at least 60 days after the occurrence thereof. 

 

	 SECTION 602.
	 CERTAIN RIGHTS OF TRUSTEE. 

Subject to the provisions of TIA Section 315(a) through 315(d): 

(1) the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, Officers’
Certificate, certificate, statement, instrument, Opinion of Counsel, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon or other paper or document believed by it to be genuine and to have been signed or
presented by the proper party or parties; 
 (2) any request or direction of the Company mentioned herein shall be
sufficiently evidenced by a Company Request or Company Order (other than delivery of any Security to the Trustee for authentication and delivery pursuant to Section 303 which shall be sufficiently evidenced as provided therein) and any
resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
 (3) whenever in the
administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in
the absence of bad faith on its part, rely upon an Officers’ Certificate; 
 (4) before the Trustee acts or refrains
from acting, the Trustee may consult with counsel and the written advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good
faith and in reliance thereon; 

  
 43 

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

(6) the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon or other paper or document, unless requested in writing so to do by the Holders of not less than a majority in aggregate principal
amount of the Outstanding Securities of any series; provided that, if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion
of the Trustee, not reasonably assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require reasonable indemnity against such expenses or liabilities as a condition to proceeding; the reasonable
expenses of every such examination shall be paid by the Holders or, if paid by the Trustee, shall be repaid by the Holders upon demand. The Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it
may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company relevant to the facts or matters that are the subject of its inquiry,
personally or by agent or attorney; 
 (7) the Trustee may execute any of the trusts or powers hereunder or perform any
duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 

(8) the Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and reasonably believed by
it to be authorized or within the discretion, rights or powers conferred upon it by this Indenture; 
 (9) the Trustee shall
not be required to give any bond or surety in respect of the performance of its powers and duties hereunder; 
 (10) the
permissive rights of the Trustee to do things enumerated in this Indenture shall not be construed as a duty and the Trustee shall not be answerable for other than its negligence or willful misconduct; and 

(11) except for (i) a default under Sections 501(1) or 501(2) hereof, or (ii) any other event of which a Responsible
Officer of the Trustee has “actual knowledge” and which event constitutes or, with the giving of notice or the passage of time or both, would constitute an Event of Default under this Indenture with respect to Securities of any particular
series, the Trustee shall not be deemed to have notice of any default or Event of Default unless specifically notified in writing of such event by the Company or the Holders of not less than 25% in aggregate principal amount of the Securities of
such series then Outstanding; as used herein, the term “actual knowledge” means the actual fact or statement of knowing, without any duty to make any investigation with regard thereto. 

  
 44 

 The Trustee shall not be required to expend or risk its own funds or otherwise
incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such
risk or liability is not reasonably assured to it. Except during the continuance of an Event of Default, the Trustee undertakes to perform only such duties as are specifically set forth in this Indenture, and no implied covenants or obligations
shall be read into this Indenture against the Trustee. Other than with respect to Section 1001, the Trustee will have no duty to monitor, inquire as to or ascertain compliance with the covenants set forth in Article 10 or in indentures
supplemental hereto in accordance with Article 9. 
  

	 SECTION 603.
	 NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES. 

The recitals contained herein and in the Securities, except the Trustee’s certificate of authentication, shall be taken as
the statements of the Company, and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities,
except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder. Neither the Trustee nor any Authenticating Agent shall be accountable for the use
or application by the Company of Securities or the proceeds thereof. 
  

	 SECTION 604.
	 MAY HOLD SECURITIES AND COMMON STOCK. 

The Trustee, any Paying Agent, Security Registrar, Authenticating Agent or any other agent of the Company, in its individual or
any other capacity, may become the owner or pledgee of Securities or Common Stock and, subject to TIA Sections 310(b) and 311, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Paying Agent, Security
Registrar, Authenticating Agent or such other agent. 
  

	 SECTION 605.
	 MONEY HELD IN TRUST. 

Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The
Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed with the Company. 
  

	 SECTION 606.
	 COMPENSATION AND REIMBURSEMENT. 

The Company agrees: 

(1) to pay to the Trustee from time to time, and the Trustee shall be entitled to, reasonable compensation for all services
rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(2) except as otherwise expressly provided herein, to reimburse each of the Trustee and any predecessor Trustee upon its
request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture 

  
 45 

 
(including the reasonable compensation and the reasonable expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its
negligence or willful misconduct; and 
 (3) to indemnify each of the Trustee and any predecessor Trustee for, and to hold
it harmless against, any loss, liability or expense incurred without negligence or willful misconduct on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and
expenses of defending itself against or investigating any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. 

When the Trustee incurs expenses or renders services in connection with an Event of Default specified in Sections 501(5) or
501(6), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable federal or state bankruptcy, insolvency or other
similar law. 
 As security for the performance of the obligations of the Company under this Section, the Trustee shall have
a lien prior to the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of (and premium, if any) and Interest (including the Redemption Price upon redemption
pursuant to Article 11) on any Securities. The provisions of this Section shall survive the termination of this Indenture or the earlier resignation or removal of the Trustee. 

 

	 SECTION 607.
	 CORPORATE TRUSTEE REQUIRED; ELIGIBILITY; CONFLICTING INTERESTS. 

There shall at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and
shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or the requirements of federal, state, territorial or District of Columbia supervising or
examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time
the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. The Trustee shall comply with the provisions of
Section 310(b) of the Trust Indenture Act. Neither the Company nor any Person directly or indirectly controlling, controlled by, or under common control with the Company shall serve as Trustee. 

If and when the Trustee shall be or become a creditor of the Company or any other obligor under the Securities, the Trustee
shall be subject to the provisions of the TIA regarding the collection of claims against the Company or any such other obligor, as the case may be. 
  

	 SECTION 608.
	 RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR. 

(1) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become
effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 609. 

  
 46 

 (2) The Trustee may resign at any time by giving written notice thereof to the
Company. If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the
appointment of a successor Trustee. 
 (3) The Trustee may be removed upon thirty days’ written notice with respect to
the Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Trustee and to the Company. 

(4) If at any time: 

(i) the Trustee shall fail to comply with the provisions of TIA Section 310(b) after written request
therefor by the Company or by any Holder of a Security who has been a bona fide Holder of a Security for at least six months, or 

(ii) the Trustee shall cease to be eligible under Section 607 and shall fail to resign after written
request therefor by the Company or by any Holder of a Security who has been a bona fide Holder of a Security for at least six months, or 

(iii) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver
of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

then, in any such case, (A) the Company by or pursuant to a Board Resolution may remove the Trustee and appoint a
successor Trustee, or (B) subject to TIA Section 315(e), any Holder of a Security who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of
competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees. 

(5) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of
Trustee for any cause with respect to the Securities of one or more series, the Company, by or pursuant to a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being
understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series). If, within
one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the
Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee with respect to the Securities of such
series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the 

  
 47 

 
Securities of any series shall have been so appointed by the Company or the Holders of securities of such series and accepted appointment in the manner hereinafter provided, any Holder of
Securities of such series who has been a bona fide Holder of Securities of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a
successor Trustee. 
 (6) Subject to Section 1002, the Company shall give notice of each resignation and each removal
of the Trustee with respect to the Securities of any series and each appointment of a successor Trustee by mailing or causing to be mailed such notice to the Holders of Securities of such series as they appear on the Security Register. Each notice
shall include the name of the successor Trustee with respect to such series and the address of its Corporate Trust Office. 
  

	 SECTION 609.
	 ACCEPTANCE OF APPOINTMENT BY SUCCESSOR. 

(1) In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so
appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its
charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee, and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such
retiring Trustee hereunder, subject nevertheless to its claim, if any, provided for in Section 606. 
 (2) In case of
the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee shall execute and deliver an indenture supplemental hereto, pursuant to
Article 9 hereof, wherein each successor Trustee shall accept such appointment and which (i) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights,
powers, trusts and duties of the retiring Trustee with respect to Securities of that or those series to which the appointment of such successor Trustee relates, (ii) if the retiring Trustee is not retiring as to all Outstanding Securities,
shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to Securities of that or those series to which the retiring Trustee is not
retiring shall continue to be vested in the retiring Trustee, and (iii) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than
one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from
any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and
each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those

  
 48 

 
series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such
successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates. 

(3) Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly
vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (1) or (2) of this Section 609, as the case may be. 

(4) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be
qualified and eligible under this Article. 
  

	 SECTION 610.
	 MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS. 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee
hereunder, provided such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have
been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect
as if such successor Trustee had itself authenticated such Securities. In case any Securities shall not have been authenticated by such predecessor Trustee, any such successor Trustee may authenticate and deliver such Securities, in either its own
name or that of its predecessor Trustee, with the full force and effect which this Indenture provides for the certificate of authentication of the Trustee. 
  

	 SECTION 611.
	 APPOINTMENT OF AUTHENTICATING AGENT. 

At any time when any of the Securities remain Outstanding, the Trustee may appoint an Authenticating Agent or Agents with
respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon exchange, registration of transfer or partial redemption thereof, and such Securities so
authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Any such appointment shall be evidenced by an instrument in writing signed by a
Responsible Officer of the Trustee, a copy of which instrument shall be promptly furnished to the Company. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate
of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each
Authenticating Agent shall be acceptable to the Company and shall at all times be a bank or trust company or corporation organized and doing business and in good standing under the laws of the United States of

  
 49 

 
America or of any state or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject to
supervision or examination by federal or state authorities. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or the requirements of the aforesaid supervising or examining authority, then for the purposes
of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time an Authenticating Agent shall
cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 

Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to
be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or further act on the part of the Trustee or the Authenticating Agent. 

An Authenticating Agent may at any time resign by giving written notice of resignation to the Trustee and to the Company. The
Trustee for any series of Securities may at any time terminate the agency of an Authenticating Agent by giving written notice of termination to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a
termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall
give notice of such appointment to all Holders of Securities of the series with respect to which such Authenticating Agent will serve in the manner set forth in Section 106 by mailing or causing to be mailed such notice to the Holders of
Securities of such series as they appear on the Security Register. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like
effect as if originally named as an Authenticating Agent herein. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 

The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation including reimbursement of
its reasonable expenses for its services under this Section. 
 If an appointment with respect to one or more series is made
pursuant to this Section, the Securities may have endorsed thereon, in addition to or in lieu of the Trustee’s certificate of authentication, an alternate certificate of authentication substantially in the following form: 

“This is one of the Securities designated therein referred to in the within-mentioned Indenture. 

  
 50 

 
			
	 U.S. BANK NATIONAL ASSOCIATION,

	 as Trustee

		
	 By:
	 	  

		 	 as Authenticating Agent

		
	 By:
	 	  

		 	 Authorized Signatory

 Dated:
                    ” 
  

	 SECTION 612.
	 CERTAIN DUTIES AND RESPONSIBILITIES OF THE TRUSTEE. 

(1) With respect to the Securities, except during the continuance of an Event of Default with respect to any particular series
of Securities: 
 (i) the Trustee undertakes to perform such duties and only such duties as are specifically
set forth in this Indenture, and imposed by the Trust Indenture Act and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(ii) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any
provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture, but shall not be under any duty to
verify the contents or accuracy thereof. 
 (2) In case an Event of Default has occurred and is continuing, the Trustee
shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own
affairs. 
 (3) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own grossly
negligent action, its own grossly negligent failure to act, or its own willful misconduct, except that: 

(i) this Subsection shall not be construed to limit the effect of Subsection (1) of this Section; 

(ii) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer,
unless it shall be proved that the Trustee was grossly negligent in ascertaining the pertinent facts; 

  
 51 

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

(iv) no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise
incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such
risk or liability is not reasonably assured to it; and 
 (v) except as explicitly specified otherwise
herein, the Company will be responsible for making all calculations required under this Indenture and the Securities. The Company will make all these calculations in good faith and, absent manifest error, the Company’s calculations will be
final and binding on Holders of the Securities. The Company will provide a schedule of its calculations to the Trustee, and the Trustee is entitled to rely upon the accuracy of the Company’s calculations without independent verification. The
Trustee will forward the Company’s calculations to any Holder of the Securities upon request. 
 (4) Whether or not
therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section 612. 

ARTICLE 7 
 HOLDERS’ LISTS
AND REPORTS BY TRUSTEE AND COMPANY 
  

	 SECTION 701.
	 DISCLOSURE OF NAMES AND ADDRESSES OF HOLDERS. 

Every Holder of Securities, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company
nor the Trustee nor any Authenticating Agent nor any Paying Agent nor any Security Registrar shall be held accountable by reason of the disclosure of any information as to the names and addresses of the Holders of Securities in accordance with TIA
Section 312, regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under TIA Section 312(b). 

 

	 SECTION 702.
	 REPORTS BY TRUSTEE. 

Within 60 days after May 15 of each year commencing with the first May 15 after the first issuance of Securities
pursuant to this Indenture, the Trustee shall transmit by mail to all Holders of Securities as provided in TIA Section 313(c) a brief report dated as of such May 15 if required by TIA Section 313(a). A copy of each such report at the
time of its mailing to Holders 

  
 52 

 
of Securities of any series shall be filed with the Commission and each national securities exchange on which the Securities of such series are listed. The Company shall promptly notify the
Trustee when Securities of any series are listed on any national securities exchange. 
  

	 SECTION 703.
	 REPORTS BY THE COMPANY. 

So long as any Securities are Outstanding, the Company will: 

(1) file with the Trustee, within 15 days after the Company is required to file the same with the Commission, copies of the
annual reports and information, documents and other reports which the Company may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; or if the Company is not required to file information,
documents or reports pursuant to those Sections, then the Company will file with the Trustee, such of the supplementary and periodic information, documents and reports which Section 13 of the Exchange Act may require with respect to a security
listed and registered on a national securities exchange; 
 (2) file with the Trustee and the Commission, in accordance with
rules and regulations prescribed from time to time by the Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of the Indenture as may be required from time to
time by such rules and regulations; and 
 (3) transmit by mail to the Holders of Notes, within 30 days after the filing
thereof with the Trustee, in the manner and to the extent required by TIA Section 313(c), such summaries of any information, documents and reports required to be filed by the Company pursuant to paragraph (1) or (2) of this Section as
may be required by rules and regulations prescribed from time to time by the Commission. 
 Reports, information and
documents filed with the Commission via the Commission’s Electronic Data Gathering, Analysis and Retrieval system (“EDGAR”) will be deemed to be delivered to the Trustee as of the time of such filing via EDGAR for purposes of
this covenant; provided, however, that the Trustee shall have no obligation whatsoever to determine whether or not such information, documents or reports have been filed via EDGAR. If, notwithstanding the foregoing, the Commission will not accept
the required filings through EDGAR for any reason, the Company may make the reports referred to in clauses (1) and (2) above available on its website within fifteen (15) days after the Company would be required to file such reports
with the Commission, and such reports will be deemed to be delivered to the Trustee as of the time they are made available. 

Delivery of reports, information and documents to the Trustee under this Section 703 is for informational purposes only
and the Trustee’s receipt of the foregoing shall not imply a duty to review and shall not constitute constructive notice of any information contained therein, including the Company’s compliance with any of its covenants hereunder. 

  
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	 SECTION 704.
	 COMPANY TO FURNISH TRUSTEE NAMES AND ADDRESSES OF HOLDERS. 

The Company will furnish or cause to be furnished to the Trustee: 

(1) semiannually, not later than 15 days after the Regular Record Date for interest for each series of Securities, a list, in
such form as the Trustee may reasonably require, of the names and addresses of the Holders of Securities of such series as of such Regular Record Date or, if there is no Regular Record Date for interest for such series of Securities, semiannually,
upon such dates as are set forth in or established pursuant to the Board Resolution or indenture supplemental hereto authorizing such series, and 

(2) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such
request a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished, provided, however, that, so long as the Trustee is the Security Registrar, no such list shall be required to be furnished.

 ARTICLE 8 
 CONSOLIDATION,
MERGER, SALE, LEASE OR CONVEYANCE 
  

	 SECTION 801.
	 COMPANY MAY CONSOLIDATE ON CERTAIN TERMS. 

(1) The Company shall not merge into or consolidate with any other Person or Persons or sell, lease, transfer, convey or
otherwise dispose of its properties and assets substantially as an entirety to any other Person or Persons, unless: 

(i) the successor Person is a corporation organized under the laws of the United States, any state thereof or
the District of Columbia; 
 (ii) the successor Person expressly assumes, by an indenture supplemental
hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the Company’s obligation for the due and punctual payment of the principal of (and premium, if any) and Interest on the Securities and the performance and
observance of the covenants and conditions of the Securities and this Indenture on the part of the Company to be performed or observed; 

(iii) immediately after giving effect to such transaction, no Event of Default, and no event which, after
notice or the lapse of time, or both, would become an Event of Default, shall have occurred and be continuing; and 

(iv) the Company or the successor Person, as the case may be, shall have delivered to the Trustee an
Officers’ Certificate and Opinion of Counsel stating that such consolidation, merger, sale, conveyance, transfer, lease or other disposition and, if a supplemental indenture is required in connection with such transaction, such supplemental
indenture complies with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 

  
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 (2) The restrictions in Section 801(1) hereof shall not be applicable to the
merger, amalgamation, arrangement or consolidation of the Company with a Subsidiary of the Company if the Company’s Board of Directors determines in good faith that the purpose of such transaction is principally to change the state of
incorporation of the Company or convert the form of organization of the Company to another form. 
 (3) No consolidation,
merger, sale, conveyance, transfer or lease shall be permitted by this Section 801 unless prior thereto the Company shall have delivered to the Trustee an Officers’ Certificate of the Company and an Opinion of Counsel, each stating that
the Company’s obligations hereunder and under the Securities shall remain in full force and effect thereafter. 
  

	 SECTION 802.
	 COMPANY SUCCESSOR TO BE SUBSTITUTED. 

Upon any consolidation of the Company with, or merger of the Company into, any other Person or any sale, transfer, lease or
other conveyance of its properties and assets substantially as an entirety in accordance with Section 801(1), the successor Person formed by such consolidation or into which the Company is merged or to which such sale, transfer, lease or other
conveyance is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein, and thereafter, except in
the case of a lease, the predecessor Person shall be released of all obligations to pay principal and Interest on the Securities and all other obligations and covenants under the Indenture and the Securities. 

ARTICLE 9 
 SUPPLEMENTAL
INDENTURES 
  

	 SECTION 901.
	 SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF HOLDERS OF SECURITIES. 

The Company, when authorized by a Board Resolution, and the Trustee may from time to time, and at any time, enter into an
indenture or indentures supplemental hereto without the consent of any Holder of the Securities for any of the following purposes: 

(1) to cure any ambiguity, defect or inconsistency; 

(2) to comply with the requirements of the Commission in order to effect or maintain the qualification of the Indenture under
the Trust Indenture Act; 
 (3) to evidence and provide for the acceptance of appointment by a successor trustee; 

(4) to conform the terms of this Indenture and/or the Securities to any provision or other description of the Securities
contained in the applicable prospectus and any applicable prospectus supplement; 

  
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 (5) to provide for the assumption by a successor corporation, partnership, trust
or limited liability company of the Company’s obligations under this Indenture and the Securities, in each case in compliance with the provisions thereof; 

(6) to establish the form or terms of Securities of any series as permitted by Section 201 or 301; 

(7) to comply with the rules of any applicable securities depository; 

(8) to make any change that would provide any additional rights or benefits to the Holders of Securities of all or any series
(including to secure the Securities of such series, and guarantees with respect thereto, transfer any property to or with the Trustee, add to the Company’s covenants for the benefit of the Holders of Securities of such series, add any
additional Events of Default, or surrender any right or power conferred upon the Company) or that does not adversely affect the legal rights hereunder of any Holder of the Securities of any series in any respect; or 

(9) supplement any provision of this Indenture as shall be necessary to permit or facilitate the defeasance or discharge of
the Securities of all or any series in accordance with this Indenture; provided that such action shall not adversely affect the interests of any Holder of the Securities of any series in any material respect. 

Upon the written request of the Company, accompanied by Board Resolutions authorizing the execution of any supplemental
indenture, the Trustee is hereby authorized to join with the Company in the execution of any such supplemental indenture, to make any further appropriate agreements and stipulations that may be therein contained and to accept the conveyance,
transfer and assignment of any property thereunder, but the Trustee shall not be obligated to, but may in its discretion, enter into any supplemental indenture that affects the Trustee’s own rights, duties or immunities under this Indenture or
otherwise. 
 Any supplemental indenture authorized by the provisions of this Section 901 may be executed by the
Company and the Trustee without the consent of the Holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 902. 
  

	 SECTION 902.
	 SUPPLEMENTAL INDENTURE WITH CONSENT OF HOLDERS OF SECURITIES. 

With the consent (evidenced as provided in Article 7) of the Holders of not less than a majority in aggregate principal
amount of all Outstanding Securities of each series affected by such supplemental indenture voting separately, the Company, when authorized by a Board Resolution, and the Trustee may, from time to time and at any time, enter into an indenture or
indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or any supplemental indenture or modifying in any manner the rights of the Holders of the
Securities; provided that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security of each such series affected by such supplemental indenture: 

(1) reduce the percentage of Outstanding Securities necessary to modify or amend this Indenture, to waive compliance with
certain provisions of this Indenture or certain defaults and their consequences provided in this Indenture, or to reduce the quorum or change voting requirements set forth in this Indenture; 

  
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 (2) reduce the rate of, or change or have the effect of changing the time for
payment of Interest, including Defaulted Interest, on any Security; 
 (3) reduce the principal amount of, or change or have
the effect of changing the Stated Maturity of any Security, or adversely change the date on which any Security may be subject to redemption or reduce the Redemption Price therefor; 

(4) make any Security payable in currency other than that stated in such Security or change the place of payment of any
Security from that stated in such Security or in this Indenture; 
 (5) make any change in provisions of this Indenture
protecting the right of each Holder of a Security to receive payment of principal of and Interest on such Security on or after the due date thereof or to bring suit to enforce such payment, or permitting Holders holding a majority in principal
amount of the Outstanding Securities to waive defaults or Events of Default; 
 (6) make any change to or modify the ranking
of any Security that would adversely affect the Holders of such Security; or 
 (7) modify any of this Section 902 or
any of the second paragraph of Section 507, except to increase the required percentage to effect the action or to provide that certain other provisions may not be modified or waived without the consent of the Holders of each of the Outstanding
Securities affected thereby. 
 Upon the written request of the Company, accompanied by Board Resolutions authorizing the
execution of any supplemental indenture, and upon the filing with the Trustee of evidence of the consent of Holders of Securities as aforesaid, the Trustee shall join with the Company in the execution of such supplemental indenture unless such
supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such supplemental indenture. 

It shall not be necessary for the consent of the Holders of Securities under this Section 902 to approve the particular
form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 
  

	 SECTION 903.
	 EFFECT OF SUPPLEMENTAL INDENTURE. 

Any supplemental indenture executed pursuant to the provisions of this Article 9 shall comply with the Trust Indenture
Act, as then in effect, provided that this Section 903 shall not require such supplemental indenture or the Trustee to be qualified under the Trust Indenture Act prior to the time, if ever, such qualification is in fact required under
the terms of the Trust  

  
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Indenture Act or this Indenture has been qualified under the Trust Indenture Act, nor shall it constitute any admission or acknowledgment by any party to such supplemental indenture that any such
qualification is required prior to the time, if ever, such qualification is in fact required under the terms of the Trust Indenture Act or this Indenture has been qualified under the Trust Indenture Act. Upon the execution of any supplemental
indenture pursuant to the provisions of this Article 9, this Indenture shall be and be deemed to be modified and amended in accordance therewith and the respective rights, limitation of rights, obligations, duties and immunities under this Indenture
of the Trustee, the Company and the Holders of Securities shall thereafter be determined, exercised and enforced hereunder, subject in all respects to such modifications and amendments and all the terms and conditions of any such supplemental
indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 
  

	 SECTION 904.
	 NOTATION ON SECURITIES. 

Securities authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this
Article 9 may bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company or the Trustee shall so determine, new Securities so modified as to conform, in the opinion of the Trustee and
the Board of Directors, to any modification of this Indenture contained in any such supplemental indenture may, at the Company’s expense, be prepared and executed by the Company, authenticated by the Trustee (or an authenticating agent duly
appointed by the Trustee pursuant to Section 611) and delivered in exchange for the Securities then Outstanding, upon surrender of such Securities then Outstanding. 
  

	 SECTION 905.
	 EVIDENCE OF COMPLIANCE OF SUPPLEMENTAL INDENTURE TO BE FURNISHED TO TRUSTEE. 

Prior to entering into any supplemental indenture pursuant to this Article 9, the Trustee shall be provided with an
Officers’ Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant hereto complies with the requirements of this Article 9 and is otherwise authorized or permitted by this Indenture. 

ARTICLE 10 
 COVENANTS 

 

	 SECTION 1001.
	 PAYMENT OF PRINCIPAL, PREMIUM, IF ANY, AND INTEREST. 

The Company covenants and agrees for the benefit of the Holders of each series of Securities that it will duly and punctually
pay or cause to be paid when due the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) payable in respect of the Securities of that series in accordance with the terms of such
series of Securities and this Indenture. 

  
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	 SECTION 1002.
	 MAINTENANCE OF OFFICE OR AGENCY. 

The Company shall maintain in each Place of Payment for such series of Securities an office or agency where Securities of that
series may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of that series and this
Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of each such office or agency. If at any time the Company shall fail to maintain any such required office or agency
or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office, and the Company hereby appoints the same as its agent to receive such respective
presentations, surrenders, notices and demands. 
 The Company may from time to time designate one or more other offices or
agencies where the Securities of one or more series may be presented or surrendered for any or all of such purposes, and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any
manner relieve the Company of its obligation to maintain an office or agency in accordance with the requirements set forth above for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such
designation or rescission and of any change in the location of any such other office or agency. Unless otherwise specified with respect to any Securities pursuant to Section 301 with respect to a series of Securities, the Company hereby
designates as a Place of Payment for each series of Securities the Corporate Trust Office, and initially appoints the Trustee at its Corporate Trust Office as Paying Agent and as its agent to receive all such presentations, surrenders, notices and
demands. 
 Unless otherwise specified with respect to any Securities pursuant to Section 301, if and so long as the
Securities of any series (1) are denominated in a Foreign Currency or (2) may be payable in a Foreign Currency, or so long as it is required under any other provision of this Indenture, then the Company will maintain with respect to each
such series of Securities, or as so required, at least one exchange rate agent. 
 So long as the Trustee is the Securities
Registrar, the Trustee agrees to mail, or cause to be mailed, the notices set forth in Section 608(6). If co-registrars have been appointed in accordance with this Section, the Trustee shall mail such notices only to the Company and the Holders
of Outstanding Securities it can identify from its records. 
  

	 SECTION 1003.
	 MONEY FOR SECURITIES PAYMENTS TO BE HELD IN TRUST. 

If the Company shall at any time act as its own Paying Agent with respect to any series of any Securities, it will, on or
before each due date of the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) in respect of, any of the Securities of that series, segregate and hold in trust for the benefit of
the Persons entitled thereto a sum in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the
Securities of such series) sufficient to pay the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) so becoming due until such sums shall be paid to such Persons or otherwise
disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. 

  
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 Whenever the Company shall have one or more Paying Agents for any series of
Securities, it will, on or before each due date of the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) in respect of, any Securities of that series, deposit with a Paying Agent
a sum (in the currency or currencies, currency unit or units or composite currency or currencies described in the preceding paragraph) sufficient to pay the principal of (and premium, if any) and Interest (including the Redemption Price upon
redemption pursuant to Article 11) so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11)
and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 

The Company will cause each Paying Agent other than the Trustee to execute and deliver to the Trustee an instrument in which
such Paying Agent shall agree with the Trustee, subject to the provisions of this Section 1003, that such Paying Agent will 

(1) hold all sums held by it for the payment of principal of (and premium, if any) and Interest (including the Redemption
Price upon redemption pursuant to Article 11) on Securities in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 

(2) give the Trustee notice of any default by the Company (or any other obligor upon the Securities) in the making of any such
payment of principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) on the Securities of that series; and 

(3) at any time during the continuance of any such default upon the written request of the Trustee, forthwith pay to the
Trustee all sums so held in trust by such Paying Agent. 
 The Company may at any time, for the purpose of obtaining the
satisfaction and discharge of this Indenture or for any other purpose, pay, or by delivery of a Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the
Trustee upon the same terms as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such
sums. 
 Except as otherwise provided in the Securities of any series, any money deposited with the Trustee or any Paying
Agent, or then held by the Company, in trust for the payment of the principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) in respect of, any Security of any such series and remaining
unclaimed for two years after such principal of (and premium, if any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) have become due and payable shall be paid to the Company upon Company Request or (if then held
by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment of such principal of (and premium, if

  
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any) and Interest (including the Redemption Price upon redemption pursuant to Article 11) in respect of, such Security, without interest thereon, and all liability of the Trustee or such Paying
Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the
expense of the Company cause to be mailed to Holders of Registered Securities, or both, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notice, any
unclaimed balance of such money then remaining will be repaid to the Company. 
  

	 SECTION 1004.
	 EXISTENCE. 

Except as permitted under Article 8 the Company will do or cause to be done all things necessary to preserve and keep in full
force and effect its existence, rights (charter and statutory) and franchises. However, the Company will not be required to preserve any right or franchise if the Board of Directors (or any duly authorized committee of that Board of Directors) of
the Company determines that the preservation of the right or franchise is no longer desirable in the conduct of the business of the Company. 
  

	 SECTION 1005.
	 PAYMENT OF TAXES AND OTHER CLAIMS. 

The Company will pay or discharge or cause to be paid or discharged before it becomes delinquent: 

(1) all taxes, assessments and governmental charges levied or imposed on it or any of its Subsidiaries or on
its or any such Subsidiary’s income, profits or property; and 
 (2) all lawful claims for labor,
materials and supplies that, if unpaid, might by law become a Lien upon its property or the property of any of its Subsidiaries. 

However, the Company will not be required to pay or discharge or cause to be paid or discharged any tax, assessment, charge or
claim the amount, applicability or validity of which is being contested in good faith by appropriate proceedings. 
  

	 SECTION 1006.
	 APPOINTMENTS TO FILL VACANCIES IN TRUSTEE’S OFFICE. 

The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, upon the terms and
conditions and otherwise as provided in Section 608, a Trustee, so that there shall at all times be a Trustee hereunder. 
  

	 SECTION 1007.
	 STATEMENT AS TO COMPLIANCE. 

The Company will deliver to the Trustee, within 120 days after the end of each fiscal year, a an Officers’ Certificate as
to such officers’ knowledge of the Company’s compliance with all conditions and covenants under the Indenture and, in the event of any noncompliance, specifying such noncompliance and the nature and status thereof. For purposes of this
Section 1007, such compliance shall be determined without regard to any period of grace or requirement of notice under the Indenture. 

  
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 The Company will deliver to the Trustee, promptly upon becoming aware of
(i) any default in the performance or observance of any covenant, agreement or condition contained in the Indenture, or (ii) any Event of Default, an Officers’ Certificate specifying with particularity such default or Event of Default
and further stating what action the Company has taken, is taking or proposes to take with respect thereto. 
 Any notice
required to be given under this Section 1007 shall be delivered to a Responsible Officer of the Trustee at its Corporate Trust Office. 
  

	 SECTION 1008.
	 ADDITIONAL AMOUNTS. 

If any Securities of a series provide for the payment of Additional Amounts, the Company will pay to the Holder of any Security
of such series Additional Amounts as may be specified as contemplated by Section 301. Whenever in this Indenture there is mentioned the payment of the principal of or any premium or interest on, or in respect of, any Security of any series,
such mention shall be deemed to include mention of the payment of Additional Amounts provided by the terms of such series established pursuant to Section 301 to the extent that, in such context, Additional Amounts are, were or would be payable
in respect thereof pursuant to such terms and express mention of the payment of Additional Amounts (if applicable) in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such express mention
is not made. 
 Except as otherwise specified as contemplated by Section 301, if the Securities of a series provide for
the payment of Additional Amounts, at least 10 days prior to the first Interest Payment Date with respect to that series of Securities (or if the Securities of that series will not bear interest prior to the Maturity Date, the first day on which a
payment of principal and any premium is made), and at least 10 days prior to each date of payment of principal and any premium or interest if there has been any change with respect to the matters set forth in the below-mentioned Officers’
Certificate, the Company will furnish the Trustee and the Company’s principal Paying Agent or Paying Agents, if other than the Trustee, with an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying Agents whether
such payment of principal of and any premium or Interest on the Securities of that series shall be made to Holders of Securities of that series who are not United States Persons without withholding for or on account of any tax, assessment or other
governmental charge described in the Securities of the series. If any such withholding shall be required, then such Officers’ Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders of
Securities of that series and the Company will pay to the Trustee or such Paying Agent the Additional Amounts required by the terms of such Securities. If the Trustee or any Paying Agent, as the case may be, shall not so receive the above-mentioned
Officers’ Certificate, then the Trustee or such Paying Agent shall be entitled (1) to assume that no such withholding or deduction is required with respect to any payment of principal, premium or Interest with respect to any Securities of
a series until it shall have received a certificate advising otherwise and (2) to make all payments of principal, premium and Interest with respect to the Securities of a series without withholding or deductions until otherwise advised. The
Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without negligence or bad faith on their part arising out of or in connection with actions
taken or omitted by any of them pursuant to this Section 1008 or in reliance on any Officers’ Certificate furnished pursuant to this Section 1008 or in reliance on the Company’s not furnishing such an Officers’ Certificate.

  
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	 SECTION 1009.
	 WAIVER OF CERTAIN COVENANTS. 

The Company may omit in any particular instance to comply with any term, provision or condition set forth in Sections 1004 to
1006, inclusive, with respect to the Securities of any series if before or after the time for such compliance the Holders of at least a majority in principal amount of all Outstanding Securities of such series, by act of such Holders, either waive
such compliance in such instance or generally waive compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become
effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect. 
  

	 SECTION 1010.
	 WAIVER OF USURY, STAY OR EXTENSION LAWS. 

The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any
manner whatsoever claim or take the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture or the Securities; and the
Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and
permit the execution of every such power as though no such law had been enacted. 
 ARTICLE 11 

REDEMPTION OF SECURITIES 
  

	 SECTION 1101.
	 APPLICABILITY OF ARTICLE. 

Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms
and (except as otherwise specified as contemplated by Section 301 for Securities of any series) in accordance with this Article 11. 
  

	 SECTION 1102.
	 ELECTION TO REDEEM; NOTICE TO TRUSTEE. 

In case of any redemption at the election of the Company of the Securities of any series, the Company shall, at least three
(3) days prior (unless a shorter notice shall be satisfactory to the Trustee) to the giving of the notice of redemption in Section 1104, notify the Trustee of such Redemption Date and of the principal amount of Securities of such series to
be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an
Officers’ Certificate evidencing compliance with such restriction. 

  
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	 SECTION 1103.
	 SELECTION BY TRUSTEE OF SECURITIES TO BE REDEEMED. 

If less than all the Securities of any series originally issued with the same terms are to be redeemed, the particular
Securities to be redeemed shall be selected by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities of that series
or any integral multiple thereof) of the principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series; provided, however, that so long as DTC or its nominee is
the registered owner of a Global Security, such Global Security will be redeemed in accordance with the requirements of DTC. 

The Trustee shall promptly notify the Company and the Security Registrar (if other than itself) in writing of the Securities
selected for redemption and, in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed. 

For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of
Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which has been or is to be redeemed. 

 

	 SECTION 1104.
	 NOTICE OF REDEMPTION. 

Notice of redemption shall be given in the manner provided in Section 106, not less than 30 days nor more than 60 days
prior to the Redemption Date, unless a shorter period is specified by the terms of such series established pursuant to Section 301, to each Holder of Securities to be redeemed, but failure to give such notice in the manner herein provided to
the Holder of any Security designated for redemption as a whole or in part, or any defect in the notice to any such Holder, shall not affect the validity of the proceedings for the redemption of any other Security or portion thereof. 

Any notice that is mailed to the Holders of Securities in the manner herein provided shall be conclusively presumed to have
been duly given, whether or not the Holder receives the notice. 
 All notices of redemption shall state: 

(1) the Redemption Date; 

(2) the Redemption Price and Additional Amounts, if any, payable upon redemption; 

(3) if less than all Outstanding Securities of any series are to be redeemed, the identification (and, in the case of partial
redemption, the principal amount) of the particular Security or Securities to be redeemed; 
 (4) in case any Security is to
be redeemed in part only, that on and after the Redemption Date, upon surrender of such Security, the holder will receive, without a charge, a new Security or Securities of authorized denominations for the principal amount thereof remaining
unredeemed; 

  
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 (5) that on the Redemption Date the Redemption Price and accrued interest to the
Redemption Date payable as provided in Section 1106, if any, will become due and payable upon each such Security, or the portion thereof, to be redeemed and, if applicable, that interest thereon shall cease to accrue on and after said date;

 (6) the Place or Places of Payment where such Securities are to be surrendered for payment of the Redemption Price and
accrued interest, if any; 
 (7) that the redemption is for a sinking fund, if such is the case; and 

(8) the CUSIP number of such Securities, if any. 

Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the
Company’s request, by the Trustee in the name and at the expense of the Company. 
  

	 SECTION 1105.
	 DEPOSIT OF REDEMPTION PRICE. 

On or before any Redemption Date, the Company shall deposit or cause to be deposited with the Trustee or with a Paying Agent
(or, if the Company is acting as its own Paying Agent, which it may not do in the case of a sinking fund payment under Article 12, segregate and hold in trust as provided in Section 1003) an amount of money in the currency or currencies,
currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) sufficient to pay on the Redemption Date the
Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Securities or portions thereof which are to be redeemed on that date. 

 

	 SECTION 1106.
	 SECURITIES PAYABLE ON REDEMPTION DATE. 

Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due
and payable at a redemption price therein specified (the “Redemption Price”) in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as
otherwise specified pursuant to Section 301 for the Securities of such series) (together with accrued interest, if any, to the Redemption Date), and from and after such date (unless the Company shall default in the payment of the Redemption
Price and accrued interest) such Securities shall, if the same were interest-bearing, cease to bear interest. Upon surrender of any such Security for redemption in accordance with said notice, such Security shall be paid by the Company at the
Redemption Price, together with accrued interest, if any, to the Redemption Date; and provided however that installments of interest on Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of
such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant record dates according to their terms and the provisions of Section 307. 

If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium,
if any) shall, until paid, bear interest from the Redemption Date at the rate borne by or provided in, as the case may be, the Security. 

  
 65 

	 SECTION 1107.
	 SECURITIES REDEEMED IN PART. 

Any Security which is to be redeemed only in part (pursuant to the provisions of this Article 11 or of Article 12) shall be
surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his or
her attorney duly authorized in writing) and the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security without service charge a new Security or Securities of the same series of any authorized
denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. If a Global Security is so surrendered, the Company shall execute and the
Trustee shall authenticate and deliver to the depositary, without service charge, a new Global Security in a denomination equal to and in exchange for the unredeemed portion of the principal of the Global Security so surrendered. 

ARTICLE 12 
 SINKING FUNDS 

 

	 SECTION 1201.
	 APPLICABILITY OF ARTICLE. 

The provisions of this Article 12 shall be applicable to any sinking fund for the retirement of Securities of a series except
as otherwise specified as contemplated by Section 301 for Securities of such series. 
 The minimum amount of any
sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of such Securities of
any series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of any Securities of any series, the cash amount of any mandatory sinking fund payment may be subject to reduction as provided in
Section 1202. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series. 
  

	 SECTION 1202.
	 SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES. 

The Company may, in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of a
series, (1) deliver Outstanding Securities of such series (other than any previously called for redemption) and (2) apply as a credit Securities of such series which have been redeemed either at the election of the Company pursuant to the
terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, as provided for by the terms of such Securities, or which have otherwise been acquired by the Company;
provided, however, that such Securities so delivered or applied as a credit have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the applicable Redemption Price
specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly. 

  
 66 

	 SECTION 1203.
	 REDEMPTION OF SECURITIES FOR SINKING FUND. 

Not less than 60 days prior to each sinking fund payment date for Securities of any series, the Company will deliver to the
Trustee an Officers’ Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash in the
currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) and the portion
thereof, if any, which is to be satisfied by delivering and crediting Securities of that series pursuant to Section 1202, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and will also
deliver to the Trustee any Securities to be so delivered and credited. If such Officers’ Certificate shall specify an optional amount to be added in cash to the next ensuing mandatory sinking fund payment, the Company shall thereupon be
obligated to pay the amount therein specified. Not less than 30 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103
and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 1104. Such notice having been duly given, the redemption of such Securities shall be made upon the terms
and in the manner stated in Sections 1106 and 1107. 
 ARTICLE 13 

REPAYMENT AT THE OPTION OF HOLDERS 
  

	 SECTION 1301.
	 APPLICABILITY OF ARTICLE. 

Repayment of Securities of any series before their Stated Maturity at the option of Holders thereof shall be made in
accordance with the applicable terms, if any, of such Securities and (except as otherwise specified by the terms of such series established pursuant to Section 301) in accordance with this Article 13. 

 

	 SECTION 1302.
	 REPAYMENT OF SECURITIES. 

Securities of any series subject to repayment in whole or in part at the option of the Holders thereof will, unless otherwise
provided in the terms of such Securities, be repaid at a price equal to the principal amount thereof, together with Interest, if any, thereon accrued to the Repayment Date specified in or pursuant to the terms of such Securities. The Company
covenants that on or prior to the Repayment Date it will deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money in the
currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) sufficient to pay
the principal (or, if so provided by the terms of the Securities of such series, a percentage of the principal) of, and (except if the Repayment Date shall be an Interest Payment Date) accrued Interest on, all the Securities or portions thereof, as
the case may be, to be repaid on such date. 

  
 67 

	 SECTION 1303.
	 EXERCISE OF OPTION. 

Securities of any series subject to repayment at the option of the Holders thereof will contain an “Option to Elect
Repayment” form on the reverse of such Securities. The principal amount of any Security providing for repayment at the option of the Holder thereof may not be repaid in part if, following such repayment, the unpaid principal amount of such
Security would be less than the minimum authorized denomination of Securities of the series of which such Security to be repaid is a part. Except as otherwise may be provided by the terms of any Security providing for repayment at the option of the
Holder thereof, exercise or the repayment option by the Holder shall be irrevocable unless waived by the Company. 
  

	 SECTION 1304.
	 WHEN SECURITIES PRESENTED FOR REPAYMENT BECOME DUE AND PAYABLE. 

If Securities of any series providing for repayment at the option of the Holders thereof shall have been surrendered as
provided in this Article 13 and as provided by or pursuant to the terms of such Securities, such Securities or the portions thereof, as the case may be, to be repaid shall become due and payable and shall be paid by the Company on the Repayment Date
therein specified, and on and after such Repayment Date (unless the Company shall default in the payment of such Securities on such Repayment Date) such Securities shall, if the same were interest-bearing, cease to bear Interest. Upon surrender of
any such Security for repayment in accordance with such provisions, the principal amount of such Security so to be repaid shall be paid by the Company, together with accrued Interest, if any, to the Repayment Date; and provided however that,
installments of Interest, if any, whose Stated Maturity is on or prior to the Repayment Date shall be payable (but without Interest thereon, unless the Company shall default in the payment thereof) to the Holders of such Securities, or one or more
Predecessor Securities, registered as such at the close of business on the relevant record dates according to their terms and the provisions of Section 307. 

If the principal amount of any Security surrendered for repayment shall not be so repaid upon surrender thereof, such
principal amount (together with Interest, if any, thereon accrued to such Repayment Date) shall, until paid, bear interest from the Repayment Date at the rate of Interest borne by or provided in, as the case may be, such Security. 

 

	 SECTION 1305.
	 SECURITIES REPAID IN PART. 

Upon surrender of any Security which is to be repaid in part only, the Company shall execute and the Trustee shall authenticate
and deliver to the Holder of such Security, without service charge and at the expense of the Company, a new Security or Securities of the same series, of any authorized denomination specified by the Holder, in an aggregate principal amount equal to
and in exchange for the portion of the principal of such Security so surrendered which is not to be repaid. 

  
 68 

 ARTICLE 14 

MEETINGS OF HOLDERS OF SECURITIES 
  

	 SECTION 1401.
	 PURPOSE FOR WHICH MEETINGS MAY BE CALLED. 

A meeting of Holders of Securities of any particular series may be called at any time and from time to time pursuant to this
Article 14 to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of Securities of such series. 

 

	 SECTION 1402.
	 CALL, NOTICE AND PLACE OF MEETINGS. 

(1) The Trustee may at any time call a meeting of Holders of Securities of any particular series for any purpose specified in
Section 1401, to be held at such time and at such place as the Trustee shall determine. Notice of every meeting of Holders of Securities of any particular series, setting forth the time and the place of such meeting and in general terms the
action proposed to be taken at such meeting, shall be given, in the manner provided in Section 106, not less than 20 nor more than 180 days prior to the date fixed for the meeting. 

(2) In case at any time the Company, pursuant to a Board Resolution, or the Holders of at least 25% in principal amount of the
Outstanding Securities of any particular series shall have requested the Trustee to call a meeting of the Holders of Securities of such series for any purpose specified in Section 1401, by written request setting forth in reasonable detail the
action proposed to be taken at the meeting, and the Trustee shall not have made the first publication of the notice of such meeting within 20 days after receipt of such request or shall not thereafter proceed to cause the meeting to be held as
provided herein, then the Company or the Holders of Securities of such series in the amount above specified, as the case may be, may determine the time and the place for such meeting and may call such meeting for such purposes by giving notice
thereof as provided in clause (1) of this Section 1402. 
  

	 SECTION 1403.
	 PERSONS ENTITLED TO VOTE AT MEETINGS. 

To be entitled to vote at any meeting of Holders of Securities of any particular series, a Person shall be (1) a Holder of
one or more Outstanding Securities of such series or (2) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities of such series by such Holder or Holders. The only Persons who shall
be entitled to be present or to speak at any meeting of Holders of Securities of any particular series shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel and any
representatives of the Company and its counsel. 
  

	 SECTION 1404.
	 QUORUM; ACTION. 

The Persons entitled to vote a majority in principal amount of the Outstanding Securities of a series shall constitute a
quorum for a meeting of Holders of Securities of such series; provided, however, that if any action is to be taken at such meeting with respect to a request, demand, authorization, direction, notice, consent, waiver or other action
which this Indenture expressly provides may be given by the Holders of not less than a specified percentage in aggregate principal amount of the Outstanding Securities of a series, the Persons entitled to vote 

  
 69 

 
such specified percentage in principal amount of the Outstanding Securities of such series shall constitute a quorum with respect to such matter. In the absence of a quorum within 30 minutes
after the time appointed for any such meeting, the meeting shall, if convened at the request of Holders of Securities of such series, be dissolved. In any other case the meeting may be adjourned for a period of not less than 10 days as determined by
the chairman of the meeting prior to the adjournment of such meeting. In the absence of a quorum at the reconvening of any such adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than 10 days; at the
reconvening of any meeting adjourned or further adjourned for lack of a quorum, the persons entitled to vote 25% in aggregate principal amount of the then Outstanding Securities of such series shall constitute a quorum for the taking of any action
set forth in the notice of the original meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 1402(2), except that such notice need be given only once not less than five days prior to the date on
which the meeting is scheduled to be reconvened. 
 Except as limited by the proviso to Section 902, any resolution
presented to a meeting or adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of that series;
provided, however, that, except as limited by the proviso to Section 902, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other action which this Indenture expressly provides
may be made, given or taken by the Holders of a specified percentage, which is less than a majority, in principal amount of the Outstanding Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a
quorum is present as aforesaid by the affirmative vote of the Holders of such specified percentage in principal amount of the Outstanding Securities of that series. 

Any resolution passed or decision taken at any meeting of Holders of Securities of particular any series duly held in
accordance with this Section 1404 shall be binding on all the Holders of Securities of such series, whether or not present or represented at the meeting. 

Notwithstanding the foregoing provisions of this Section 1404, if any action is to be taken at a meeting of Holders of
Securities of any particular series with respect to any request, demand, authorization, direction, notice, consent, waiver or other action that this Indenture expressly provides may be made, given or taken by the Holders of such series and one or
more additional series: 
 (1) there shall be no minimum quorum requirement for such meeting and 

(2) the aggregate principal amount of the Outstanding Securities of all such series that are entitled to vote in favor of such
request, demand, authorization, direction, notice, consent, waiver or other action shall be taken into account in determining whether such request, demand, authorization, direction, notice, consent, waiver or other action has been made, given or
taken under this Indenture. 

  
 70 

	 SECTION 1405.
	 DETERMINATION OF VOTING RIGHTS, CONDUCT AND ADJOURNMENT OF MEETINGS. 

(1) Notwithstanding any provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable
for any meeting of Holders of Securities of a series in regard to proof of the holding of Securities of such series and of the appointment of proxies and in regard to the appointment and duties of inspector of elections, the submission and
examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. Such regulations may provide that written instruments appointing proxies,
regular on their face, may be presumed valid and genuine without the proof specified in Section 104 or other proof. 

(2) The Trustee shall, by an instrument in writing appoint a temporary chairman of the meeting, unless the meeting shall have
been called by the Company or by Holders of Securities as provided in Section 1402(2), in which case the Company or the Holders of Securities of the series calling the meeting, as the case may be, shall in like manner appoint a temporary
chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting. 

(3) At any meeting each Holder of a Security of such series or proxy shall be entitled to one vote for each $1,000 principal
amount of the Outstanding Securities of such series held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled by the chairman
of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote, except as a Holder of a Security of such series or proxy. 

(4) Any meeting of Holders of Securities of any particular series duly called pursuant to Section 1402 at which a quorum
is present may be adjourned from time to time by Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting, and the meeting may be held as so adjourned without further notice.

  

	 SECTION 1406.
	 COUNTING VOTES AND RECORDING ACTION OF MEETINGS. 

The vote upon any resolution submitted to any meeting of Holders of Securities of any particular series shall be by written
ballots on which shall be subscribed the signatures of the Holders of Securities of such series or of their representatives by proxy and the principal amounts and serial numbers of the Outstanding Securities of such series held or represented by
them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written
reports in duplicate of all votes cast at the meeting. A record, at least in duplicate, of the proceedings of each meeting of Holders of Securities of any particular series shall be prepared by the secretary of the meeting and there shall be
attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the fact, setting forth a copy of the notice of the meeting and showing that said
notice was given as provided in 

  
 71 

 
Section 1402 and, if applicable, Section 1404. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one such copy shall be
delivered to the Company and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated.

  
 72 

 SIGNATURES 

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

			
	 EQUIFAX INC.

		
	 By:
	 	 
	 Name:
	 	
	 Title:
	 	
	
	
	 U.S. BANK NATIONAL ASSOCIATION, as Trustee

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  
 73 

 EXHIBIT A-1 

FORMS OF CERTIFICATION 
 FORM OF
CERTIFICATE TO BE GIVEN BY EUROCLEAR 
 AND CLEARSTREAM S.A. IN CONNECTION WITH THE EXCHANGE OF A PORTION 

OF A TEMPORARY GLOBAL SECURITY OR TO 

OBTAIN INTEREST PAYABLE PRIOR TO THE EXCHANGE DATE 

CERTIFICATE 
 [Insert title or
sufficient description of Securities to be delivered] 
 This is to certify that, based solely on written certifications
that we have received in writing, by tested telex or by electronic transmission from each of the persons appearing in our records as persons entitled to a portion of the principal amount set forth below (our “Member Organizations”)
substantially in the form attached hereto, as of the date hereof, [US$]             principal amount of the above-captioned Securities is owned by (i) person(s) that are not citizens
or residents of the United States, domestic partnerships, domestic corporations or any estate or trust the income of which is subject to United States federal income taxation regardless of its source (“United States Person(s)”),
(ii) United States Person(s) that are (a) foreign branches of United States financial institutions (financial institutions, as defined in United States Treasury Regulations Section 1.165-12(c)(1)(v), are herein referred to as
“financial institutions”) purchasing for their own account or for resale or (b) United States Person(s) who acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through
such United States financial institutions on the date hereof (and in either case (a) or (b), each such financial institution has agreed, on its own behalf or through its agent, that we may advise Equifax Inc. or its agent that such financial
institution will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) United States or foreign financial institution(s) for
purposes of resale during the restricted period (as defined in United States Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and, to the further effect, that financial institutions described in clause (iii) (whether or not also
described in clause (i) or (ii)) have certified that they have not acquired the Securities for purposes of resale directly or indirectly to a United States Person or to a person within the United States or its possessions. 

As used herein, “United States” means the United States of America (including the states and the District of
Columbia); and its “possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 

We further certify that (i) we are not making available herewith for exchange (or, if relevant, collection of any
interest) any portion of the temporary Global Security representing the above-captioned Securities excepted in the above-referenced certificates of Member Organizations and (ii) as of the date hereof we have not received any notification from
any of our Member Organizations to the effect that the statements made by such Member Organizations with respect to any portion of the part submitted herewith for exchange (or, if relevant, collection of any interest) are no longer true and cannot
be relied upon as of the date hereof. 

  
 A-1-1 

 We understand that this certification is required in connection with certain tax
legislation in the United States. If administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy thereof to any
interested party in such proceedings. 
 Dated: 

[To be dated no earlier than the Exchange Date or the relevant Interest Payment Date occurring prior to the Exchange Date, as applicable] 

 

			
	 [Morgan Guaranty Trust Company of New York, Brussels Office,] as Operator of the Euroclear System [Clearstream
S.A.]

		
	 By:
	 	  

  
 A-1-2EX-10.1

 Exhibit 10.1 

AGREEMENT AND AMENDMENT NO. 7 TO CREDIT AGREEMENT 

This AGREEMENT AND AMENDMENT NO. 7 TO CREDIT AGREEMENT (this “Agreement”) dated April 27, 2016 (the
“Effective Date”) is among CARBO Ceramics Inc., a Delaware corporation (the “Borrower”), the Lenders (as defined below) and Wells Fargo Bank, National Association, as administrative agent (in such capacity, the
“Administrative Agent”), as swing line lender (the “Swing Line Lender”), and as issuing lender (in such capacity, the “Issuing Lender”) for such Lenders. 

RECITALS 
 A. The Borrower
is party to that certain Credit Agreement dated as of January 29, 2010, among the Borrower, the lenders party thereto from time to time (the “Lenders”), the Administrative Agent, the Swing Line Lender, and the Issuing Lender
(as heretofore amended and as may be further amended, restated or otherwise modified from time to time, the “Credit Agreement”). 

B. The Borrower has requested that the Lenders amend the Credit Agreement, as provided herein and subject to the terms and conditions set
forth herein. 
 THEREFORE, the Borrower, the Lenders, the Administrative Agent, the Swing Line Lender, and the Issuing Lender hereby agree
as follows: 
 Section 1. Defined Terms. As used in this Agreement, each of the terms defined in the opening paragraph
and the Recitals above shall have the meanings assigned to such terms therein. Each term defined in the Credit Agreement and used herein without definition shall have the meaning assigned to such term in the Credit Agreement, unless expressly
provided to the contrary. 
 Section 2. Other Definitional Provisions. Article, Section, Schedule, and Exhibit references
are to Articles and Sections of and Schedules and Exhibits to this Agreement, unless otherwise specified. All references to instruments, documents, contracts, and agreements are references to such instruments, documents, contracts, and agreements as
the same may be amended, supplemented, and otherwise modified from time to time, unless otherwise specified. The words “hereof,” “herein,” and “hereunder” and words of similar import when used in this Agreement shall
refer to this Agreement as a whole and not to any particular provision of this Agreement. The term “including” means “including, without limitation.” Paragraph headings have been inserted in this Agreement as a matter of
convenience for reference only and it is agreed that such paragraph headings are not a part of this Agreement and shall not be used in the interpretation of any provision of this Agreement. 

Section 3. Amendments to Credit Agreement. 

(a) The Credit Agreement is hereby amended as reflected in Annex A attached hereto. 

(b) The Credit Agreement is hereby further amended by inserting the Exhibit B attached hereto in the appropriate alphabetical order in
the Credit Agreement as Exhibit B. 
 (c) The Credit Agreement is hereby further amended by inserting the Exhibit C attached
hereto in the appropriate alphabetical order in the Credit Agreement as Exhibit C. 
 (d) The Credit Agreement is hereby further
amended by replacing Schedule I with the Schedule I attached to Annex A. 
  

 (e) The Credit Agreement is hereby further amended by replacing Schedule II with the Schedule II
attached to Annex A. 
 (f) The Credit Agreement is hereby amended by inserting the Schedule 1.1(b) attached hereto in the appropriate
numerical order. 
 (g) The Credit Agreement is hereby amended by inserting the Schedule 5.9(b) attached hereto in the appropriate numerical
order. 
 (h) The Credit Agreement is hereby amended by inserting the Schedule 5.12 attached hereto in the appropriate numerical order. 

(i) The Credit Agreement is hereby amended by inserting the Schedule 6.8(c) attached hereto in the appropriate numerical order. 

Section 4. Decrease in Commitments. This Agreement shall be deemed written notice by the Borrower of a ratable reduction in
part of the unused portion of Commitments pursuant to Section 2.1(b)(i) of the Credit Agreement. On the Effective Date, after giving effect to the contemplated reduction herein, (a) the Commitments shall be as set forth on the revised
Schedule II attached to Annex A, and (b) each Lender’s Commitment shall be automatically decreased to the amount set forth adjacent to such Lender’s name on such replacement Schedule II. 

Section 5. Borrower Representations and Warranties. The Borrower represents and warrants that: (a) the representations
and warranties contained in the Credit Agreement, as amended hereby, and the representations and warranties contained in the other Credit Documents, are true and correct in all material respects on and as of the Effective Date as if made on as and
as of such date except to the extent that any such representation or warranty expressly relates solely to an earlier date, in which case such representation or warranty is true and correct in all material respects as of such earlier date;
(b) no Default has occurred and is continuing; (c) the execution, delivery and performance of this Agreement are within the corporate power and authority of the Borrower and have been duly authorized by appropriate corporate and governing
action and proceedings; (d) this Agreement constitutes the legal, valid, and binding obligation of the Borrower enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or
similar laws affecting the rights of creditors generally and general principles of equity; (e) as of the Effective Date, (i) there are no Material Domestic Subsidiaries (other than Falcon Technologies and Services, Inc. and StrataGen,
Inc.) and (ii) no Non-Material Domestic Subsidiary is required to be a Guarantor pursuant to Section 5.6 of the Credit Agreement (other than Falcon Technologies and Services, Inc. and StrataGen, Inc.) and (f) there are no governmental
or other third party consents, licenses and approvals required in connection with the execution, delivery, performance, validity and enforceability of this Agreement. 

Section 6. Conditions to Effectiveness. This Agreement shall become effective on the Effective Date and enforceable against
the parties hereto upon the occurrence of the following conditions precedent: 
 (a) The Administrative Agent shall have received: 

(i) this Agreement executed and delivered by each of the Borrower, the Administrative Agent, the Swing Line Lender, the Issuing
Lender, and the Majority Lenders; 
 (ii) an Amended and Restated Security Agreement of even effective date herewith executed
and delivered by each of the Borrower and the other Credit Parties and the Administrative 

  
 2 

 
Agent, which agreement shall amend and restate, in its entirety, the Security Agreement, together with appropriate UCC-1 or UCC-3 financing statements, if any, necessary or desirable for filing
with the appropriate authorities and any other documents, agreements, or instruments necessary to create, perfect or maintain an Acceptable Security Interest in the Collateral described in the Security Agreement; 

(iii) the Guaranty of even effective date herewith executed and delivered by each of the Borrower and the other Credit Parties;

 (iv) a secretary’s certificate from the Borrower and each other Credit Party certifying such Person’s
officers’ incumbency, authorizing resolutions and organizational documents; 
 (v) a customary legal opinion of Haynes
and Boone, LLP in form and substance reasonably acceptable to the Administrative Agent; and 
 (vi) a completed and executed
perfection certificate in form and substance reasonably acceptable to the Administrative Agent; 
 (b) The Borrower shall have paid
(i) the amendment fee as set forth in Section 7(f) below and (ii) all other costs and expenses which have been invoiced and are payable pursuant to Section 10.1 of the Credit Agreement; and 

Section 7. Acknowledgments and Agreements. 

(a) The Borrower acknowledges and agrees that Secured Obligations are payable without defense, offset, counterclaim or recoupment. 

(b) The Administrative Agent and the Lenders hereby expressly reserve all of their rights, remedies, and claims under the Credit Documents.
Nothing in this Agreement shall constitute a waiver or relinquishment of (i) any Default or Event of Default under any of the Credit Documents, (ii) any of the agreements, terms or conditions contained in any of the Credit Documents,
(iii) any rights or remedies of the Administrative Agent or any Lender with respect to the Credit Documents or (iv) the rights of the Administrative Agent or any Lender to collect the full amounts owing to them under the Credit Documents.

 (c) Each of the Borrower, the Administrative Agent, the Swing Line Lender, the Issuing Lender and the Lenders does hereby adopt, ratify,
and confirm the Credit Agreement, as amended hereby, and acknowledges and agrees that the Credit Agreement, as amended hereby, is and remains in full force and effect, and the Borrower acknowledges and agrees that its liabilities and obligations
under the Credit Agreement, as amended hereby, are not impaired in any respect by this Agreement. 
 (d) From and after the Effective Date,
all references to the Credit Agreement and the Credit Documents shall mean such Credit Agreement and such Credit Documents as amended by this Agreement. 

(e) This Agreement is a Credit Document for the purposes of the provisions of the other Credit Documents. Without limiting the foregoing, any
breach of representations, warranties, and covenants under this Agreement shall be a Default or Event of Default, as applicable, under the Credit Agreement. 

(f) In consideration of the agreements of the Lenders set forth in this Agreement, the Borrower agrees to pay to the Administrative Agent, for
the account of each Lender, an amendment fee in an amount equal to 0.25% of such Lender’s Commitment as set forth on Schedule II attached to Annex A. Each such amendment fee as to such Lender (i) is payable in U.S. dollars in immediately
available funds, free and clear 

  
 3 

 
of, and without deduction for, any and all present or future applicable taxes, levies, imposts, deductions, charges or withholdings and all liabilities with respect thereto (with appropriate
gross-up for withholding taxes), (ii) is not refundable under any circumstances, (iii) will not be subject to counterclaim, defense, setoff or otherwise affected, and (iv) is deemed fully earned by such Lender once its signature page
is delivered as provided above and the Effective Date has occurred. 
 (g) Each party hereto hereby agrees that, in no event and under no
circumstance shall any past or future discussions with the Administrative Agent or any other Secured Party, serve to (i) cause a modification of the Credit Documents, (ii) establish a custom or course of dealing with respect to any of the
Credit Documents, (iii) operate as a waiver of any existing or future Default or Event of Default under the Credit Documents, as amended hereby, (iv) entitle any Credit Party to any other or further notice or demand whatsoever beyond those
required by the Credit Documents, as amended hereby, or (v) in any way modify, change, impair, affect, diminish or release any Credit Party’s obligations or liability under the Credit Documents, as amended hereby, or any other liability
any Credit Party may have to the Administrative Agent, the Issuing Lender, the Swing Line Lender, or any other Secured Party. 

Section 8. Release. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
each Credit Party hereby, for itself and its successors and assigns, fully and without reserve, releases, acquits, and forever discharges each Secured Party, its respective successors and assigns, officers, directors, employees, representatives,
trustees, attorneys, agents and affiliates (collectively the “Released Parties” and individually a “Released Party”) from any and all actions, claims, demands, causes of action, judgments, executions, suits, debts,
liabilities, costs, damages, expenses or other obligations of any kind and nature whatsoever, direct and/or indirect, at law or in equity, whether now existing or hereafter asserted, whether absolute or contingent, whether due or to become due,
whether disputed or undisputed, whether known or unknown (INCLUDING, WITHOUT LIMITATION, ANY OFFSETS, REDUCTIONS, REBATEMENT, CLAIMS OF USURY OR CLAIMS WITH RESPECT TO THE NEGLIGENCE OF ANY RELEASED PARTY) (collectively, the “Released
Claims”), for or because of any matters or things occurring, existing or actions done, omitted to be done, or suffered to be done by any of the Released Parties, in each case, on or prior to the later of (a) the Effective Date and
(b) the date the Credit Parties execute and deliver their signature pages hereto to the Administrative Agent (or its counsel), and are in any way directly or indirectly arising out of or in any way connected to any of this Agreement, the Credit
Agreement, any other Credit Document, or any of the transactions contemplated hereby or thereby (collectively, the “Released Matters”). Each Credit Party, by execution hereof, hereby acknowledges and agrees that the agreements in
this Section 8 are intended to cover and be in full satisfaction for all or any alleged injuries or damages arising in connection with the Released Matters herein compromised and settled. Each Credit Party hereby further agrees that
it will not sue any Released Party on the basis of any Released Claim released, remised and discharged by the Credit Parties pursuant to this Section 8. In entering into this Agreement, each Credit Party consulted with, and has been
represented by, legal counsel and expressly disclaims any reliance on any representations, acts or omissions by any of the Released Parties and hereby agrees and acknowledges that the validity and effectiveness of the releases set forth herein do
not depend in any way on any such representations, acts and/or omissions or the accuracy, completeness or validity hereof. The provisions of this Section 8 shall survive the termination of this Agreement, the Credit Agreement and
the other Credit Documents and payment in full of the Obligations. 
 Section 9. Counterparts. This Agreement may be
signed in any number of counterparts, each of which shall be an original and all of which, taken together, constitute a single instrument. This Agreement may be executed by facsimile signature and all such signatures shall be effective as originals.

  
 4 

 Section 10. Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns permitted pursuant to the Credit Agreement. 

Section 11. Invalidity. In the event that any one or more of the provisions contained in this Agreement shall for any
reason be held invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement. 

Section 12. Governing Law. This Agreement shall be deemed to be a contract made under and shall be governed by and
construed in accordance with the laws of the State of Texas. 
 Section 13. USA PATRIOT Act. Each Lender that is subject
to the PATRIOT Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies each Credit Party that pursuant to the requirements of the PATRIOT Act it is required to obtain, verify and record information that
identifies such Credit Party, which information includes the name and address of such Credit Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify such Credit Party in accordance with the
PATRIOT Act. 
 Section 14. Entire Agreement. THIS AGREEMENT, THE CREDIT AGREEMENT AS AMENDED BY THIS AGREEMENT, THE NOTES,
AND THE OTHER CREDIT DOCUMENTS CONSTITUTE THE ENTIRE UNDERSTANDING AMONG THE PARTIES HERETO WITH RESPECT TO THE SUBJECT MATTER HEREOF AND SUPERSEDE ANY PRIOR AGREEMENTS, WRITTEN OR ORAL, WITH RESPECT THERETO. 

THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

[signature pages follow] 

  
 5 

 EXECUTED effective as of the date first above written. 

 

			
	BORROWER:
	
	CARBO CERAMICS INC.
		
	By:	 	 /s/ Ernesto Bautista III

		 	Ernesto Bautista III
		 	Vice President and Chief Financial Officer

  
 Signature Page to
Agreement and Amendment No. 7 to Credit Agreement 

 
			
	ADMINISTRATIVE AGENT/LENDER
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
	as Administrative Agent, Swing Line Lender, Issuing Lender and sole Lender
		
	By:	 	 /s/ David Maynard

		 	David Maynard
		 	Senior Vice President

  
 Signature Page to
Agreement and Amendment No. 7 to Credit Agreement 

 ANNEX A TO AGREEMENT AND AMENDMENT NO. 7 TO CREDIT AGREEMENT 

 
  

 
 CREDIT AGREEMENT 

dated as of January 29, 2010 

Among 
 CARBO CERAMICS
INC. 
 as Borrower, 

WELLS FARGO BANK, NATIONAL ASSOCIATION 

as Administrative Agent, Issuing Lender and Swing Line Lender, 

and 
 THE LENDERS NAMED
HEREIN 
 as Lenders 

$80,000,000 
  

 
  

WELLS FARGO BANK, NATIONAL ASSOCIATION 

As Sole Lead Arranger 

							
			
	 ARTICLE 1
	  	 DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	  
			
	 Section 1.1
	  	 Certain Defined Terms
	  	 	1	  
			
	 Section 1.2
	  	 Computation of Time Periods
	  	 	21	  
			
	 Section 1.3
	  	 Accounting Terms; Changes in GAAP
	  	 	21	  
			
	 Section 1.4
	  	 Classes and Types of Advances
	  	 	21	  
			
	 Section 1.5
	  	 Miscellaneous
	  	 	21	  
			
	 ARTICLE 2
	  	 CREDIT FACILITIES
	  	 	22	  
			
	 Section 2.1
	  	 Revolving Commitments
	  	 	22	  
			
	 Section 2.2
	  	 Letters of Credit
	  	 	23	  
			
	 Section 2.3
	  	 Swing Line Advances
	  	 	28	  
			
	 Section 2.4
	  	 Advances
	  	 	31	  
			
	 Section 2.5
	  	 Prepayments
	  	 	33	  
			
	 Section 2.6
	  	 Repayment
	  	 	35	  
			
	 Section 2.7
	  	 Fees
	  	 	35	  
			
	 Section 2.8
	  	 Interest
	  	 	36	  
			
	 Section 2.9
	  	 Illegality
	  	 	37	  
			
	 Section 2.10
	  	 Breakage Costs
	  	 	38	  
			
	 Section 2.11
	  	 Increased Costs
	  	 	38	  
			
	 Section 2.12
	  	 Payments and Computations
	  	 	39	  
			
	 Section 2.13
	  	 Taxes
	  	 	41	  
			
	 Section 2.14
	  	 Replacement of Lenders
	  	 	42	  
			
	 Section 2.15
	  	 Defaulting Lender Cure
	  	 	43	  
			
	 ARTICLE 3
	  	 CONDITIONS OF EFFECTIVENESS
	  	 	44	  
			
	 Section 3.1
	  	 Conditions to Effectiveness
	  	 	44	  
			
	 Section 3.2
	  	 Conditions Precedent to Each Borrowing and to Each Issuance, Extension or Renewal of a Letter
of Credit
	  	 	46	  
			
	 Section 3.3
	  	 Determinations Under Sections 3.1 and 3.2
	  	 	46	  
			
	 ARTICLE 4
	  	 REPRESENTATIONS AND WARRANTIES
	  	 	46	  
			
	 Section 4.1
	  	 Organization
	  	 	46	  
			
	 Section 4.2
	  	 Authorization
	  	 	47	  
			
	 Section 4.3
	  	 Enforceability
	  	 	47	  
			
	 Section 4.4
	  	 Financial Condition
	  	 	47	  
			
	 Section 4.5
	  	 Ownership and Liens; Real Property
	  	 	47	  
			
	 Section 4.6
	  	 True and Complete Disclosure
	  	 	47	  
			
	 Section 4.7
	  	 Litigation
	  	 	48	  

					
	 Section 4.8
	  	 Compliance with Agreements
	  	48
			
	 Section 4.9
	  	 Pension Plans
	  	48
			
	 Section 4.10
	  	 Environmental Condition
	  	49
			
	 Section 4.11
	  	 Subsidiaries
	  	49
			
	 Section 4.12
	  	 Investment Company Act
	  	49
			
	 Section 4.13
	  	 Taxes
	  	50
			
	 Section 4.14
	  	 Permits, Licenses, etc.
	  	50
			
	 Section 4.15
	  	 Use of Proceeds
	  	50
			
	 Section 4.16
	  	 Condition of Property; Casualties
	  	50
			
	 Section 4.17
	  	 Insurance
	  	50
			
	 Section 4.18
	  	 Compliance with Laws
	  	50
			
	 Section 4.19
	  	 Security Interest
	  	51
			
	 Section 4.20
	  	 FCPA; Sanctions
	  	51
			
	 ARTICLE 5
	  	 AFFIRMATIVE COVENANTS
	  	51
			
	 Section 5.1
	  	 Organization
	  	51
			
	 Section 5.2
	  	 Reporting
	  	51
			
	 Section 5.3
	  	 Insurance
	  	55
			
	 Section 5.4
	  	 Compliance with Laws
	  	55
			
	 Section 5.5
	  	 Taxes
	  	55
			
	 Section 5.6
	  	 Material Domestic Subsidiaries
	  	56
			
	 Section 5.7
	  	 Records; Inspection
	  	56
			
	 Section 5.8
	  	 Maintenance of Property
	  	56
			
	 Section 5.9
	  	 Security
	  	57
			
	 Section 5.10
	  	 Further Assurances; Cure of Title Defects
	  	57
			
	 Section 5.11
	  	 FCPA; Sanctions
	  	58
			
	 Section 5.12
	  	 Certificates of Title
	  	58
			
	 Section 5.13
	  	 Appraisal Reports; Field Exams
	  	58
			
	 ARTICLE 6
	  	 NEGATIVE COVENANTS
	  	59
			
	 Section 6.1
	  	 Debt
	  	59
			
	 Section 6.2
	  	 Liens
	  	60
			
	 Section 6.3
	  	 Investments
	  	61
			
	 Section 6.4
	  	 Acquisitions
	  	62
			
	 Section 6.5
	  	 Agreements Restricting Liens
	  	62
			
	 Section 6.6
	  	 Use of Proceeds; Use of Letters of Credit
	  	62

  
 -2- 

					
	 Section 6.7
	  	 Corporate Actions
	  	62
			
	 Section 6.8
	  	 Sale of Assets
	  	63
			
	 Section 6.9
	  	 Restricted Payments
	  	63
			
	 Section 6.10
	  	 Affiliate Transactions
	  	63
			
	 Section 6.11
	  	 Line of Business
	  	63
			
	 Section 6.12
	  	 Hazardous Materials
	  	63
			
	 Section 6.13
	  	 Compliance with ERISA
	  	63
			
	 Section 6.14
	  	 Limitation on Hedging
	  	64
			
	 Section 6.15
	  	 [Reserved]
	  	64
			
	 Section 6.16
	  	 [Reserved]
	  	64
			
	 Section 6.17
	  	 [Reserved]
	  	64
			
	 Section 6.18
	  	 [Reserved]
	  	64
			
	 Section 6.19
	  	 Capital Expenditures
	  	64
			
	 Section 6.20
	  	 Deposit Accounts
	  	65
			
	 Section 6.21
	  	 Consolidated Cash Balance
	  	65
			
	 Section 6.22
	  	 Landlord Agreements
	  	65
			
	 ARTICLE 7
	  	 DEFAULT AND REMEDIES
	  	65
			
	 Section 7.1
	  	 Events of Default
	  	65
			
	 Section 7.2
	  	 Optional Acceleration of Maturity
	  	67
			
	 Section 7.3
	  	 Automatic Acceleration of Maturity
	  	68
			
	 Section 7.4
	  	 Set-off
	  	68
			
	 Section 7.5
	  	 Remedies Cumulative, No Waiver
	  	68
			
	 Section 7.6
	  	 Application of Payments
	  	69
			
	 Section 7.7
	  	 Administrative Agent May File Proofs of Claim
	  	70
			
	 Section 7.8
	  	 Credit Bidding
	  	70
			
	 ARTICLE 8
	  	 THE ADMINISTRATIVE AGENT
	  	71
			
	 Section 8.1
	  	 Appointment, Powers, and Immunities
	  	71
			
	 Section 8.2
	  	 Reliance by Administrative Agent
	  	71
			
	 Section 8.3
	  	 Defaults
	  	71
			
	 Section 8.4
	  	 Rights as Lender
	  	72
			
	 Section 8.5
	  	 Indemnification
	  	72
			
	 Section 8.6
	  	 Non-Reliance on Administrative Agent and Other Lenders
	  	73
			
	 Section 8.7
	  	 Resignation of Administrative Agent and Issuing Lender
	  	73
			
	 Section 8.8
	  	 Collateral and Guaranty Matters
	  	74

  
 -3- 

					
	 ARTICLE 9
	  	 MISCELLANEOUS
	  	75

			
	 Section 9.1
	  	 Costs and Expenses
	  	75

			
	 Section 9.2
	  	 Indemnification; Waiver of Damages
	  	75
			
	 Section 9.3
	  	 Waivers and Amendments
	  	77
			
	 Section 9.4
	  	 Severability
	  	77
			
	 Section 9.5
	  	 Survival of Representations and Obligations
	  	78
			
	 Section 9.6
	  	 Binding Effect
	  	78
			
	 Section 9.7
	  	 Lender Assignments and Participations
	  	78
			
	 Section 9.8
	  	 Confidentiality
	  	79
			
	 Section 9.9
	  	 Notices, Etc.
	  	80
			
	 Section 9.10
	  	 Business Loans
	  	80
			
	 Section 9.11
	  	 Usury Not Intended
	  	80
			
	 Section 9.12
	  	 Usury Recapture
	  	81
			
	 Section 9.13
	  	 Governing Law
	  	81
			
	 Section 9.14
	  	 Submission to Jurisdiction
	  	81
			
	 Section 9.15
	  	 Execution in Counterparts
	  	82
			
	 Section 9.16
	  	 Waiver of Jury
	  	82
			
	 Section 9.17
	  	 Acknowledgement and Consent to Bail-In of EEA Financial Institutions
	  	82
			
	 Section 9.18
	  	 USA Patriot Act
	  	82

  
 -4- 

			
	EXHIBITS:	  	
		
	 Exhibit A
	  	– Form of Assignment and Acceptance
	 Exhibit B
	  	– Form of Compliance Certificate
	 Exhibit C
	  	– Form of Guaranty
	 Exhibit D
	  	– Form of Notice of Borrowing
	 Exhibit E
	  	– Form of Notice of Continuation or Conversion
	 Exhibit F-1
	  	– Form of Revolving Note
	 Exhibit F-2
	  	– Form of Swing Line Note
		
	SCHEDULES:	  	
		
	 Schedule I
	  	– Pricing Schedule
	 Schedule II
	  	– Commitments, Contact Information
	 Schedule 1.1(b)
	  	– Existing Letters of Credit
	 Schedule 4.1
	  	– Organizational Information
	 Schedule 4.7
	  	– Litigation
	 Schedule 4.10
	  	– Environmental Conditions
	 Schedule 4.11
	  	– Subsidiaries
	 Schedule 5.9(b)
	  	– Real Property
	 Schedule 5.12
	  	– Equipment
	 Schedule 6.1
	  	– Existing Debt
	 Schedule 6.8(c)
	  	– Specified Dispositions

 CREDIT AGREEMENT 

This CREDIT AGREEMENT dated as of January 29, 2010 (the “Agreement”) is among (a) CARBO Ceramics Inc., a Delaware
corporation (the “Borrower”), (b) the Lenders (as defined below), and (c) Wells Fargo Bank, National Association as Swing Line Lender (as defined below), Issuing Lender (as defined below), and as Administrative Agent (as defined
below) for the Lenders. 
 In consideration of the mutual covenants and agreements herein contained, the parties hereto hereby agree as
follows: 
 ARTICLE 1 

DEFINITIONS AND ACCOUNTING TERMS 

Section 1.1 Certain Defined Terms. The following terms shall have the following meanings (unless otherwise indicated, such
meanings to be equally applicable to both the singular and plural forms of the terms defined): 
 “Acceptable Security
Interest” means a security interest which (a) exists in favor of the Administrative Agent for its benefit and the ratable benefit of the Issuing Lender, the Swing Line Lender and the Lenders, (b) is superior to all other security
interests (other than the Permitted Liens), (c) secures the Obligations, and (d) is perfected and enforceable against the Credit Party which created such security interest. 

“Account Debtor” shall mean an account debtor as defined in the Uniform Commercial Code, as in effect in the State of Texas.

 “Acquisition” means the purchase by any Credit Party of any business, including the purchase of associated assets or
operations or the Equity Interests of a Person. 
 “Adjusted Base Rate” means, for any day, the fluctuating rate per annum
of interest equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Rate in effect on such day plus 1.50%, and (c) a rate determined by the Administrative Agent to be the Daily One-Month LIBOR plus
1.50%; provided that, if the determination of the Adjusted Base Rate shall be less than zero, such rate shall be deemed to be zero for such determination. Any change in the Adjusted Base Rate due to a change in the Prime Rate, Daily One-Month LIBOR
or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate, Daily One-Month LIBOR or the Federal Funds Rate. 

“Administrative Agent” means Wells Fargo in its capacity as agent for the Lenders pursuant to Article 8 and any
successor agent pursuant to Section 8.7. 
 “Administrative Questionnaire” means an Administrative Questionnaire in a
form supplied by the Administrative Agent. 
 “Advance” means any advance by a Lender or the Swing Line Lender to the
Borrower as a part of a Borrowing. 
 “Affiliate” means, as to any Person, any other Person that, directly or indirectly,
through one or more intermediaries, controls, is controlled by, or is under common control with, such Person or any Subsidiary of such Person. The term “control” (including the terms “controlled by” or “under common control
with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership, by contract, or otherwise. 

 “Agreement” is defined in the introductory paragraph hereof. 

“Amendment No. 2 Effective Date” means July 25, 2013 

“Amendment No. 3 Effective Date” means October 31, 2014. 

“Amendment No. 4 Effective Date” means July 27, 2015. 

“Amendment No. 7 Effective Date” means April 27, 2016. 

“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or any of its
Subsidiaries from time to time concerning or relating to bribery or corruption. 
 “Applicable Margin” means, at any time
with respect to each Type of Advance, the Letters of Credit and the Commitment Fee, the percentage rate per annum which is applicable at such time with respect to such Advance, Letter of Credit or Commitment Fee as set forth in Schedule I and
subject to further adjustments as set forth in Section 2.8(c). 
 “Approved Fund” means any Fund that is administered
or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Assignment and Acceptance” means an assignment and acceptance executed by a Lender and an Eligible Assignee and accepted by
the Administrative Agent, in substantially the same form as Exhibit A. 
 “AutoBorrow Agreement” means any agreement
providing for automatic borrowing services between the Borrower and the Swing Line Lender. 
 “Availability” means, as of a
date of determination, an amount equal to (a) the aggregate Revolving Commitments in effect at such time minus (b) the Outstandings at such time. 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in
respect of any liability of an EEA Financial Institution. 
 “Bail-In Legislation” means, with respect to any EEA Member
Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation
Schedule. 
 “Banking Services” means each and any of the following bank services provided to the Borrower or any
Subsidiary thereof by any Banking Services Provider: (a) commercial credit cards, (b) stored value cards and (c) any other Treasury Management Arrangement (including, without limitation, controlled disbursement, purchase card
arrangements, automated clearinghouse transactions, return items, overdrafts and interstate depository network services). 

“Banking Services Obligations” means any and all obligations of the Borrower or any Subsidiary thereof, whether absolute or
contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services. 

  
 -2- 

 “Banking Services Provider” means any Lender or Affiliate of a Lender that
provides Banking Services to the Borrower or any Subsidiary thereof. 
 “Base Rate Advance” means an Advance which bears
interest based upon the Adjusted Base Rate. 
 “Borrower” means CARBO Ceramics Inc., a Delaware corporation. 

“Borrowing” means a Revolving Borrowing or a Swing Line Borrowing. 

“Business Day” means a day (a) other than a Saturday, Sunday, or other day on which the Administrative Agent is
authorized to close under the laws of, or is in fact closed in, Houston, Texas, and (b) if the applicable Business Day relates to any LIBOR Advances, on which dealings are carried on by commercial banks in the London interbank market. 

“Capital Expenditures” for any Person and period of its determination means, without duplication, the aggregate of all
expenditures and costs (whether paid in cash or accrued as liabilities during that period and including that portion of payments under Capital Leases that are capitalized on the balance sheet of such Person) of such Person during such period that,
in conformity with GAAP, are required to be included in or reflected by the property, plant, or equipment or similar fixed asset accounts reflected in the balance sheet of such Person. 

“Capital Leases” means, for any Person, any lease of any Property by such Person as lessee which would, in accordance with
GAAP, be required to be classified and accounted for as a capital lease on the balance sheet of such Person. 
 “Cash Collateral
Account” means a special cash collateral account pledged to the Administrative Agent, for its benefit and the ratable benefit of the Issuing Lender, the Swing Line Lender and the Lenders, containing cash deposited pursuant to the terms
hereof to be maintained with Wells Fargo, as depository, in accordance with Section 2.2(h). 
 “Casualty Event” means
the damage, destruction or condemnation, as the case may be, of property of the Borrower or any Domestic Subsidiary, including by process of eminent domain or any Disposition of property in lieu of condemnation. 

“CERCLA” means the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, state and local
analogs, and all rules and regulations and requirements thereunder in each case as now or hereafter in effect. 
 “Change in
Control” means the occurrence of any of the following events: 
 (a) the Borrower ceases to own, either directly or indirectly,
100% of the Equity Interest in any Guarantor other than as a result of transaction permitted under Section 6.7 or Section 6.8; 

(b) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act, but excluding any
employee benefit plan of such person or its subsidiaries, any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan), becomes a “beneficial owner” (as defined in Rules 13d-3 and
13d-5 under the Exchange Act, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire (such right, an “option right”), whether such right
is exercisable immediately or only after the passage of time), directly or indirectly, of 50% or more of the Equity Interests of the Borrower 

  
 -3- 

 
entitled to vote for members of the board of directors or equivalent governing body of the Borrower on a fully-diluted basis (and taking into account all such securities that such person or group
has the right to acquire pursuant to any option right); and 
 (c) during any period of 12 consecutive months, a majority of the members of
the board of directors or other equivalent governing body of the Borrower cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or
nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or
(iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of
that board or equivalent governing body. 
 “Change in Law” means the occurrence, after the date of this Agreement, of any
of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority
or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority. 

“Class” has the meaning set forth in Section 1.4. 

“Code” means the Internal Revenue Code of 1986, as amended, and the regulations and published interpretations thereof. 

“Collateral” means all property of the Credit Parties which is “Collateral” (as defined in the Security Agreement).

 “Collateral Access Agreement” means a landlord lien waiver or subordination agreement, bailee letter or any other
similar agreement, in any case, in form and substance reasonably acceptable to the Administrative Agent and executed by the parties thereto. 

“Commitment Fee” means the fees set forth on Schedule I, which are payable in accordance with Section 2.7(a). 

“Commitments” means, as to any Lender, its Revolving Commitment. 

“Compliance Certificate” means a compliance certificate executed by a Responsible Officer of the Borrower or such other
Person as required by this Agreement in substantially the same form as Exhibit B. 
 “Consolidated Cash Balance”
means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case, denominated in Dollars and held or
owned by (whether directly or indirectly), credited to the account of, or otherwise reflected as an asset on the balance sheet of, the Borrower and its consolidated Subsidiaries maintained with the Administrative Agent and subject to an account
control agreement. 
 “Controlled Group” means all members of a controlled group of corporations and all businesses
(whether or not incorporated) under common control which, together with the Borrower or any Subsidiary, are treated as a single employer under Section 414 of the Code. 

  
 -4- 

 “Convert,” “Conversion,” and “Converted” each
refers to a conversion of Advances of one Type into Advances of another Type pursuant to Section 2.4(b). 
 “Credit
Documents” means this Agreement, the Notes, the Letters of Credit, the Letter of Credit Applications, the Guaranties, the Security Documents, the Notices of Borrowing, the Notices of Conversion, any Autoborrow Agreement, the Fee Letter, and
each other agreement, instrument, or document executed at any time in connection with this Agreement. 
 “Credit Parties”
means the Borrower and the Guarantors. 
 “Daily One-Month LIBOR” means, for any day, the rate of interest equal to the
LIBO Rate then in effect for delivery for a one (1) month period. 
 “Debt” means, for any Person, without
duplication: (a) indebtedness of such Person for borrowed money, including the face amount of any letters of credit supporting the repayment of indebtedness for borrowed money issued for the account of such Person; (b) to the extent not
covered under clause (a) above, obligations under letters of credit and agreements relating to the issuance of letters of credit or acceptance financing, including Letters of Credit; (c) obligations of such Person evidenced by bonds,
debentures, notes or other similar instruments, or upon which interest payments are customarily made; (d) obligations of such Person under conditional sale or other title retention agreements relating to any Properties purchased by such Person
(other than customary reservations or retentions of title under agreements with suppliers entered into in the ordinary course of business); (e) obligations of such Person to pay the deferred purchase price of property, services, or Acquisitions
(including, without limitation, any earn-out obligations, contingent obligations, or other similar obligations associated with such purchase, and including obligations that are non-recourse to the credit of such Person but are secured by the assets
of such Person); (f) obligations of such Person as lessee under Capital Leases and obligations of such Person in respect of synthetic leases (except that the Jenkins Capital Lease Obligations and the Wilkinson Capital Lease Obligations shall
not constitute Debt for purposes of the calculations for compliance under Sections 6.16 and 6.17); (g) obligations of such Person under any Hedging Arrangement (except that such obligations shall not constitute Debt for purposes of the
calculations for compliance under Sections 6.16 and 6.17); (h) obligations of such Person owing in respect of redeemable preferred stock or other preferred Equity Interest of such Person; (i) the Debt of any partnership or unincorporated
joint venture in which such Person is a general partner or a joint venturer, but only to the extent to which there is recourse to such Person for the payment of such Debt; (j) obligations of such Person under direct or indirect guaranties in
respect of, and obligations (contingent or otherwise) of such Person to purchase or otherwise acquire, or otherwise to assure a creditor against loss in respect of, indebtedness or obligations of others of the kinds referred to in clauses (a)
through (i) above; (k) indebtedness or obligations of others of the kinds referred to in clauses (a) through (j) secured by any Lien on or in respect of any Property of such Person, and (l) all liabilities of such Person in
respect of unfunded vested benefits under any Plan. 
 “Debt Incurrence” means any incurrence, issuance or sale by the
Borrower or any of its Subsidiaries of any Debt after the Amendment No. 7 Effective Date other than Permitted Debt. 
 “Debt
Incurrence Proceeds” means, with respect to any Debt Incurrence, all cash and Liquid Investments received by the Borrower or any of its Subsidiaries from such Debt Incurrence after payment of, or provision for, all underwriter fees and
expenses, original issue discount, SEC and blue sky fees, printing costs, fees and expenses of accountants, lawyers and other professional advisors, brokerage commissions and other out-of-pocket fees and expenses actually incurred in connection with
such Debt Incurrence; provided that, an original issue discount shall not reduce the amount of such Debt Incurrence Proceeds unless such discount is due and payable at or immediately following the closing of such Debt Incurrence and such discount
has not already been taken into account to reduce the amount of proceeds received by the Borrower or such Subsidiary from such Debt Incurrence. 

  
 -5- 

 “Debtor Relief Laws” means (a) the Bankruptcy Code of the United States of
America, and (b) all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other
applicable jurisdictions from time to time in effect. 
 “Default” means (a) an Event of Default or (b) any event
or condition which with notice or lapse of time or both would, unless cured or waived, become an Event of Default. 
 “Defaulting
Lender” means any Lender (a) that has failed to fund any portion of the Advances or participations in Letter of Credit Obligations or Swing Line Advances required to be funded by it hereunder within one Business Day of the date
required to be funded by it hereunder unless, with the consent of the Administrative Agent and the Borrower (which consent may be withheld at the sole discretion of the Administrative Agent and the Borrower), such failure has been cured,
(b) that has indicated to the Administrative Agent that such Lender will not fund any portion of the Advances or participations in Letter of Credit Obligations or Swing Line Advances required to be funded by it hereunder, unless, with the
consent of the Administrative Agent and the Borrower (which consent may be withheld at the sole discretion of the Administrative Agent and the Borrower), such Lender actually funds such Advances or participations, (c) that has otherwise failed
to pay over to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute, or unless, with the consent of the
Administrative Agent (which consent may be withheld at the sole discretion of the Administrative Agent), such failure has been cured, (d) that the Administrative Agent believes, in good faith, has become a “defaulting lender” under
any other credit facility to which such Lender is a party and has received notice of such belief from the Administrative Agent unless, with the consent of the Administrative Agent (which consent may be withheld at the sole discretion of the
Administrative Agent), the consequences resulting in such “defaulting lender” status is no longer in effect, (e) as to which a Lender Insolvency Event has occurred and is continuing with respect to such Lender or (f) that has
become the subject of a Bail-in Action. Any determination that a Lender is a Defaulting Lender will be made by the Administrative Agent in its sole discretion acting in good faith. 

“Disposition” means any sale, lease, transfer, assignment, conveyance, or other disposition of any Property;
“Dispose” or similar terms shall have correlative meanings. 
 “Dollars” and “$” means
lawful money of the United States of America. 
 “Domestic Subsidiary” means any Subsidiary other than a Foreign
Subsidiary. 
 “EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA
Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any
financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent; 

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

  
 -6- 

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

“Effective Date” means the date of this Agreement. 

“Eligible Assignee” means (a) a Lender, (b) any Affiliate of a Lender approved by the Administrative Agent,
(c) any Approved Fund approved by the Administrative Agent, or (d) any other Person (other than a natural Person) approved by the Administrative Agent and, unless an Event of Default has occurred and is continuing at the time any
assignment is effected in accordance with Section 9.7, the Borrower, such approval not to be unreasonably withheld or delayed by the Borrower; provided, however, that (i) any financial institution employing any member of the board
of directors (or comparable board) of any Credit Party shall not qualify as an Eligible Assignee, (ii) neither the Borrower nor any Affiliate of the Borrower shall qualify as an Eligible Assignee, and (iii) approval by the Administrative
Agent of an Eligible Assignee shall not be unreasonably withheld, provided however, any disapproval by the Administrative Agent of a Person that fails to meet any of the following criteria shall not be considered unreasonable: (A) any
commercial bank, savings and loan association or savings bank organized under the laws of the United States of America, or any state thereof, or any other Person, that has a combined capital and surplus of less than $100,000,000, (B) any
commercial bank or Person organized under the laws of any other country, or a political subdivision of any such country, which is not a member of the Organization for Economic Cooperation and Development, or (C) any commercial bank or Person
organized under the laws of any other country, or a political subdivision of any such country, which is a member of the Organization for Economic Cooperation and Development and has a combined capital and surplus of less than $100,000,000. 

“Environment” or “Environmental” shall have the meanings set forth in 42 U.S.C. 9601(8) (1988). 

“Environmental Claim” means any third party (including governmental agencies and employees) action, lawsuit, claim, demand,
regulatory action or proceeding, order, decree, consent agreement or notice of potential or actual responsibility or violation (including claims or proceedings under the Occupational Safety and Health Acts or similar laws or requirements relating to
health or safety of employees) which seeks to impose liability under any Environmental Law. 
 “Environmental Law” means
all federal, state, and local laws, rules, regulations, ordinances, orders, decisions, agreements, and other requirements, including common law theories, now or hereafter in effect and relating to, or in connection with the Environment, health, or
safety, including without limitation CERCLA, relating to (a) pollution, contamination, injury, destruction, loss, protection, cleanup, reclamation or restoration of the air, surface water, groundwater, land surface or subsurface strata, or
other natural resources; (b) solid, gaseous or liquid waste generation, treatment, processing, recycling, reclamation, cleanup, storage, disposal or transportation; (c) exposure to pollutants, contaminants, hazardous, medical infections,
or toxic substances, materials or wastes; (d) the safety or health of employees; or (e) the manufacture, processing, handling, transportation, distribution in commerce, use, storage or disposal of hazardous, medical infections, or toxic
substances, materials or wastes. 
 “Environmental Permit” means any permit, license, order, approval, registration or
other authorization under Environmental Law. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended from time to time. 

  
 -7- 

 “Equipment” of any Person means all equipment (as defined in the UCC) owned by
such Person, wherever located. 
 “Equity Interest” means with respect to any Person, any shares, interests, participation,
or other equivalents (however designated) of corporate stock, membership interests or partnership interests (or any other ownership interests) of such Person. 

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any
successor person), as in effect from time to time. 
 “Eurocurrency Liabilities” has the meaning assigned to that term in
Regulation D of the Federal Reserve Board as in effect from time to time. 
 “Event of Default” has the meaning specified
in Section 7.1. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Excluded Swap Obligation” means, with respect to any Guarantor, any Hedge Obligation if, and to the extent that, all or a
portion of the guaranty of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Hedge Obligation (or any guaranty thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of
the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity
Exchange Act and the regulations thereunder at the time the guaranty of such Guarantor or the grant of such security interest becomes effective with respect to such Hedge Obligation. If a Hedge Obligation arises under a master agreement governing
more than one swap, such exclusion shall apply only to the portion of such Hedge Obligation that is attributable to swaps for which such guaranty or security interest is or becomes illegal. 

“Existing Debt” means Debt incurred by the Borrower in connection with that certain Second Amended and Restated Credit
Agreement dated as of December 31, 2000, between the Borrower and Brown Brothers Harriman & Co., as lender. 

“Existing Letters of Credit” means those letters of credit issued by Wells Fargo prior to the Amendment No. 7 Effective
Date, for the account of any Credit Party and set forth on Schedule 1.1(b). 
 “Extraordinary Receipts” means any proceeds
resulting from a Casualty Event, including any insurance proceeds. 
 “Fair Market Value” means, with respect to any asset
(including any Equity Interests of any Person), the price at which a willing buyer, not an Affiliate of the seller, and a willing seller who does not have to sell, would agree to purchase and sell such asset, as determined in good faith by the board
of directors or, pursuant to a specific delegation of authority by such board of directors or a designated senior executive officer, of the Borrower, or the Subsidiary of the Borrower selling such asset. 

“Falcon” means Falcon Technologies and Services, Inc., a Delaware corporation. 

“FCPA” has the meaning set forth in Section 4.20(a). 

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal
funds transactions with members of the Federal Reserve System arranged by 

  
 -8- 

 
Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business
Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day and (b) if no such rate is so published on such next succeeding Business
Day, the Federal Funds Rate for such day shall be the average rate charged to the Administrative Agent (in its individual capacity) on such day on such transactions as determined by the Administrative Agent; provided further that, if
the determination of the Federal Funds Rate shall be less than zero, such rate shall be deemed to be zero for purposes of such determination. 

“Federal Reserve Board” means the Board of Governors of the Federal Reserve System or any of its successors. 

“Fee Letter” means that certain fee letter dated as of January 29, 2010 between the Borrower and Wells Fargo. 

“Foreign Subsidiary” means any Subsidiary of Borrower that is a “controlled foreign corporation” as defined in
Section 957 of the Code. 
 “Fund” means any Person (other than a natural person) that is (or will be) engaged in
making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

“GAAP” means United States of America generally accepted accounting principles as in effect from time to time, applied on a
basis consistent with the requirements of Section 1.3. 
 “Governmental Authority” means, with respect to any Person,
any foreign governmental authority, the United States of America, any state of the United States of America, the District of Columbia, and any subdivision of any of the foregoing, and any agency, department, commission, board, authority or
instrumentality, bureau or court having jurisdiction over such Person. 
 “Guarantors” means any Person that now or
hereafter executes a Guaranty, including (a) the Borrower, (b) the Subsidiaries of the Borrower listed on Schedule 4.11; and (c) each Material Domestic Subsidiary or other Subsidiary that becomes a guarantor of all or a portion of the
Secured Obligations and which has entered into either a joinder agreement substantially in the form attached to the Guaranty or a new Guaranty. 

“Guaranty” means the Guaranty Agreement executed in substantially the same form as Exhibit C. 

“Hazardous Substance” means any substance or material identified as such pursuant to CERCLA and those regulated under any
other Environmental Law, including without limitation pollutants, contaminants, petroleum, petroleum products, radionuclides, and radioactive materials. 

“Hazardous Waste” means any substance or material regulated or designated as such pursuant to any Environmental Law,
including without limitation, pollutants, contaminants, flammable substances and materials, explosives, radioactive materials, oil, petroleum and petroleum products, chemical liquids and solids, polychlorinated biphenyls, asbestos, toxic substances,
and similar substances and materials. 
 “Hedge Obligation” means, with respect to any Guarantor, any obligation to pay or
perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

  
 -9- 

 “Hedging Arrangement” means a hedge, call, swap, collar, floor, cap, option,
forward sale or purchase or other contract or similar arrangement (including any obligations to purchase or sell any commodity or security at a future date for a specific price) which is entered into to reduce or eliminate or otherwise protect
against the risk of fluctuations in prices or rates, including interest rates, foreign exchange rates, commodity prices and securities prices. 

“Interest Period” means for each LIBOR Advance comprising part of the same Borrowing, the period commencing on the date of
such LIBOR Advance is made or deemed made and ending on the last day of the period selected by the Borrower pursuant to the provisions below and Section 2.4, and thereafter, each subsequent period commencing on the day following the last day of
the immediately preceding Interest Period and ending on the last day of the period selected by the Borrower pursuant to the provisions below and Section 2.4. The duration of each such Interest Period shall be one, three, or six months, in each
case as the Borrower may select, provided that: 
 (a) the Borrower shall select Interest Periods so that it is not necessary to
repay any portion of any Tranche B Term Advance prior to the last day of the applicable Interest Period in order to make a mandatory scheduled repayment required pursuant to Section 2.6(a); 

(b) Interest Periods commencing on the same date for Advances comprising part of the same Borrowing shall be of the same duration; 

(c) whenever the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest
Period shall be extended to occur on the next succeeding Business Day, provided that if such extension would cause the last day of such Interest Period to occur in the next following calendar month, the last day of such Interest Period shall
occur on the next preceding Business Day; 
 (d) any Interest Period which begins on the last Business Day of a calendar month (or on a day
for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month in which it would have ended if there were a numerically corresponding day in such
calendar month; and 
 (e) the Borrower may not select any Interest Period for any Advance which ends after the Maturity Date. 

“Inventory” of any Person means all Property of such Person which would, in accordance with GAAP, be required to be
classified and accounted for as inventory on the balance sheet of such Person. 
 “Issuing Lender” means Wells Fargo, in
its capacity as the Lender that issues Letters of Credit for the account of any Credit Party pursuant to the terms of this Agreement. 

“Jenkins Bonds” means the Taxable Industrial Development Revenue Bond (CARBO Ceramics Inc. Project), Series 2012, having a
maximum principal amount not to exceed $255,000,000, issued by the Development Authority of Jenkins County. 
 “Jenkins Capital
Lease Obligations” means the Debt under the Capital Lease described in Schedule 6.1. 
 “Legal Requirement” means
any law, statute, ordinance, decree, requirement, order, judgment, rule, regulation (or official interpretation of any of the foregoing) of, and the terms of any license or permit issued by, any Governmental Authority, including, but not limited to,
Regulations T, U and X. 

  
 -10- 

 “Lender Insolvency Event” means that (a) a Lender or its Parent Company is
insolvent, or is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors, or (b) such Lender or its Parent
Company is the subject of a bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been appointed for such Lender or its Parent Company, or such
Lender or its Parent Company has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment. 

“Lenders” means the Persons listed on the signature pages hereto as Lenders, any other Person that shall have become a Lender
hereto pursuant to Section 2.14, and any other Person that shall have become a Lender hereto pursuant to an Assignment and Assumption, but in any event, excluding any such Person that ceases to be a party hereto pursuant to an Assignment and
Assumption. Unless the context otherwise requires, the term “Lenders” includes the Swing Line Lender. 
 “Lending
Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the
Administrative Agent. 
 “Letter of Credit” means any standby or commercial letter of credit issued by the Issuing Lender
for the account of a Credit Party pursuant to the terms of this Agreement, in such form as may be agreed by the Borrower and the Issuing Lender. 

“Letter of Credit Application” means the Issuing Lender standard form letter of credit application for standby or commercial
letters of credit which has been executed by the Borrower and accepted by the Issuing Lender in connection with the issuance of a Letter of Credit. 

“Letter of Credit Documents” means all Letters of Credit, Letter of Credit Applications and amendments thereof, and
agreements, documents, and instruments entered into in connection therewith or relating thereto. 
 “Letter of Credit
Exposure” means, at the date of its determination by the Administrative Agent, the aggregate outstanding undrawn amount of Letters of Credit plus the aggregate unpaid amount of all of the Borrower’s payment obligations under drawn
Letters of Credit. 
 “Letter of Credit Maximum Amount” means $15,000,000; provided that, on and after the Maturity
Date, the Letter of Credit Maximum Amount shall be zero. 
 “Letter of Credit Obligations” means any obligations of the
Borrower under this Agreement in connection with the Letters of Credit. 
 “LIBOR Advance” means an Advance that bears
interest based upon the LIBO Rate (other than Advances that bear interest based upon the Daily One Month LIBOR). 
 “LIBO Base
Rate” means (a) in determining LIBO Rate for purposes of the “Daily One Month LIBOR”, the rate per annum for Dollar deposits quoted by the Administrative Agent for the purpose of calculating effective rates of interest for
loans making reference to the “Daily One-Month LIBOR”, as the inter-bank offered rate in effect from time to time for delivery of funds for one (1) month in amounts approximately equal to the principal amount of the applicable
Advances; provided that, the Administrative Agent may base its quotation of the inter-bank offered rate upon such offers or other market indicators of the inter-bank market as the Administrative Agent in its discretion deems appropriate including,
but not limited to, the rate determined under the following clause (b), and (b) in determining 

  
 -11- 

 
LIBO Rate for all other purposes, the rate per annum (rounded upward to the nearest whole multiple of 1/8th of 1%) equal to the interest rate per annum set forth on the Reuters Reference LIBOR1
page as the London Interbank Offered Rate, for deposits in Dollars at 11:00 a.m. (London, England time) two Business Days before the first day of the applicable Interest Period and for a period equal to such Interest Period;
provided that, if such quotation is not available for any reason, then for purposes of this clause (b), LIBO Base Rate shall then be the rate determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on
the first day of such Interest Period in immediately available funds in the approximate amount of the Advances being made, continued or converted by the Lenders and with a term equivalent to such Interest Period would be offered by the
Administrative Agent’s London Branch (or other branch or Affiliate of the Administrative Agent) to major banks in the London or other offshore inter-bank market for Dollars at their request at approximately 11:00 a.m. (London time) two Business
Days prior to the commencement of such Interest Period; provided further that, if the rate determined under the preceding clause (a) or clause (b) is less than zero, than “LIBO Base Rate” shall be deemed to be zero for
such determination. 
 “LIBO Rate” means a rate per annum determined by the Administrative Agent pursuant to the following
formula: 
  

					
	LIBO Rate =	  	 LIBO Base Rate
	  	
	  	 1.00 – LIBO Reserve Percentage
	  	

 Where, 

“LIBO Reserve Percentage” means, as of any day, the reserve percentage (expressed as a decimal, carried out to five decimal
places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the Federal Reserve Board for determining the maximum reserve requirement (including any emergency, supplemental or other marginal
reserve requirement) with respect to liabilities or assets consisting of or including Eurocurrency Liabilities. The LIBO Rate for each outstanding Advance shall be adjusted automatically as of the effective date of any change in the LIBO Reserve
Percentage. 
 “Lien” means any mortgage, lien, pledge, charge, deed of trust, security interest, or encumbrance to secure
or provide for the payment of any obligation of any Person, whether arising by contract, operation of law, or otherwise (including the interest of a vendor or lessor under any conditional sale agreement, Capital Lease, or other title retention
agreement). 
 “Liquid Investments” means (a) readily marketable direct full faith and credit obligations of the
United States of America or obligations unconditionally guaranteed by the full faith and credit of the United States of America; (b) commercial paper issued by (i) any Lender or any Affiliate of any Lender or (ii) any commercial
banking institutions or corporations rated at least P-1 by Moody’s or A-1 by S&P; (c) certificates of deposit, time deposits, and bankers’ acceptances issued by (i) any of the Lenders or (ii) any other commercial banking
institution which is a member of the Federal Reserve System and has a combined capital and surplus and undivided profits of not less than $250,000,000 and rated Aa by Moody’s or AA by S&P; (d) repurchase agreements which are entered
into with any of the Lenders or any major money center banks included in the commercial banking institutions described in clause (c) and which are secured by readily marketable direct full faith and credit obligations of the government of the
United States of America or any agency thereof; (e) investments in any money market fund which holds investments substantially of the type described in the foregoing clauses (a) through (d); and (f) other investments made through the
Administrative Agent or its Affiliates and approved by the Administrative Agent. All the Liquid Investments described in clauses (a) through (d) above shall have maturities of not more than 365 days from the date of issue. 

  
 -12- 

 “Liquidity” means, as of any date of determination, the sum of (a) an
amount equal to (i) the aggregate Commitments in effect at such time, minus (ii) the Outstandings, plus (b) Unrestricted Cash. 

“Majority Lenders” means (a) other than as provided in clause (b) below, two or more Lenders (other than Lenders
that are at such time Defaulting Lenders) holding at least 51% of the sum of (i) the aggregate unfunded Revolving Commitments (excluding the Revolving Commitments of Lenders that are at such time Defaulting Lenders) at such time plus
(ii) the aggregate unpaid principal amount of the Revolving Notes (with the aggregate amount of each Lender’s risk participation and funded participation in the Letter of Credit Exposure and Swing Line Advances being deemed as unpaid
principal under such Lender’s Revolving Note but excluding the pro rata shares thereof for any Lender that is at such time a Defaulting Lender) and (b) at any time when there is only one Lender or there is only one Lender that is not then
a Defaulting Lender, such Lender. 
 “Material Adverse Change” means a material adverse change (a) in the business,
financial condition, properties or results of operations of the Borrower and its Subsidiaries, taken as a whole; (b) on the validity or enforceability of this Agreement or any of the other Credit Documents; or (c) on any Credit
Party’s ability to perform its obligations under this Agreement, any Note, the Guaranties or any other Credit Document. 

“Material Domestic Subsidiary” means, (a) as of any fiscal quarter end, any Domestic Subsidiary that (i) has
operating income equal to or greater than 10% of the Borrower’s consolidated operating income, in each case, for the four-fiscal quarter period then ended, or (i) has book value of total assets equal to or greater than 10% of the
Borrower’s consolidated book value of total assets, in each case under clauses (i) and (ii) above, as established in accordance with GAAP and as reflected in the financial statements covering such fiscal quarter and delivered to the
Administrative Agent pursuant hereto, (b) Falcon and (c) StrataGen, Inc., a Delaware corporation. 
 “Maturity
Date” means the earlier of (a) December 31, 2018 and (b) the earlier termination in whole of the Revolving Commitments pursuant to Section 2.1(b)(i) or Article 7. 

“Maximum Exposure Amount” means, at any time for each Lender, the sum of (a) the unfunded Revolving Commitment held by
such Lender at such time; plus (b) the aggregate unpaid principal amount of the Revolving Note held by such Lender at such time, (with the aggregate amount of such Lender’s risk participation and funded participation in the Letter of
Credit Exposure and Swing Line Advances being deemed as unpaid principal under such Lender’s Revolving Note). 
 “Maximum
Rate” means the maximum nonusurious interest rate under applicable law. 
 “Moody’s” means Moody’s
Investors Service, Inc. and any successor thereto which is a nationally recognized statistical rating organization. 

“Mortgage” means each mortgage or deed of trust in form reasonably acceptable to the Administrative Agent executed by any
Credit Party to secure all or a portion of the Secured Obligations. 
 “Multiemployer Plan” means a “multiemployer
plan” as defined in Section 4001(a)(3) of ERISA to which the Borrower or any member of the Controlled Group is making or accruing an obligation to make contributions. 

  
 -13- 

 “Net Cash Proceeds” means, with respect to any Disposition, all cash and Liquid
Investments received from such Disposition after (a) payment of, or provision for, all reasonable brokerage commissions, marketing costs, restoration and refurbishment expenses, and other reasonable out of pocket fees and expenses actually
incurred in connection with such Disposition; (b) payment of any outstanding obligations secured by the Property that is being Disposed (other than the Obligations); (c) all Taxes paid or payable by such Person in connection with such
Disposition; and (d) the amount of reserves recorded in accordance with GAAP for indemnity or similar obligations of the Person making such Disposition and its Affiliates directly related to such Disposition. 

“Net Total Assets” means, as of any date of determination and without duplication (a) 70% of Receivables of the Borrower
and its consolidated Subsidiaries (as reflected on the most recent balance sheet furnished to the Lenders hereunder), plus (b) 40% of the value of Inventory of the Borrower and its consolidated Subsidiaries (as reflected on the
most recent balance sheet furnished to the Lenders hereunder), plus (c) 100% of Unrestricted Cash minus (d) consolidated current liabilities of the Borrower and its Subsidiaries (other than (i) Secured
Obligations hereunder and (ii) unrealized net losses in the fair market value of any arrangements under Hedging Arrangements, but including any losses attributable to the early extinguishment or conversion of arrangements under Hedging
Arrangements or other derivative instruments, in each case, which constitute current liabilities). 
 “Net Worth” means,
with respect to any Person as of any date of determination, the excess of the assets of such Person over the sum of the liabilities of such Person and the minority interests of such Person, as determined in accordance with GAAP. 

“Non-Material Domestic Subsidiary” means any Domestic Subsidiary other than a Material Domestic Subsidiary. 

“Notes” means the Revolving Notes and the Swing Line Note. 

“Notice of Borrowing” means a notice of borrowing signed by the Borrower in substantially the same form as
Exhibit D. 
 “Notice of Continuation or Conversion” means a notice of continuation or conversion signed by the
Borrower in substantially the same form as Exhibit E. 
 “Obligations” means all principal, interest (including
post-petition interest), fees, reimbursements, indemnifications, and other amounts now or hereafter owed by any of the Credit Parties to the Lenders, the Swing Line Lender, the Issuing Lender, or the Administrative Agent under this Agreement and the
other Credit Documents, including, the Letter of Credit Obligations, and any increases, extensions, and rearrangements of those obligations under any amendments, supplements, and other modifications of the documents and agreements creating those
obligations. 
 “OFAC” has the meaning set forth in Section 4.20(b). 

“OLV” means with respect to any Property, the orderly liquidation value thereof as established by a written appraisal
conducted by an industry recognized third party appraiser reasonably acceptable to the Administrative Agent stating, among other things, a detailed orderly liquidation value for such Property, taking into account any loss, destruction, damage,
condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, confiscation, or the requisition, of such Property, and any sale, transfer, lease, assignment, or other Disposition of all or any portion of such Property that
has occurred since the most recent appraisal report was delivered with respect to such Property. 

  
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 “Other Taxes” has the meaning set forth in Section 2.13(b). 

“Outstandings” means the sum of (a) the outstanding amount of all Revolving Advances plus (b) the
outstanding amount of all Swing Line Advances plus (c) the Letter of Credit Exposure. 
 “Parent Company”
means, with respect to a Lender, the bank holding company (as defined in Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such
Lender. 
 “Patriot Act” means the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)).

 “PBGC” means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its functions under
ERISA. 
 “Permitted Debt” has the meaning set forth in Section 6.1. 

“Permitted Disposition” means any Disposition that is permitted under Section 6.8. 

“Permitted Investments” has the meaning set forth in Section 6.3. 

“Permitted Liens” has the meaning set forth in Section 6.2. 

“Person” means an individual, partnership, corporation (including a business trust), joint stock company, trust, limited
liability company, limited liability partnership, unincorporated association, joint venture, or other entity, or a government or any political subdivision or agency thereof, or any trustee, receiver, custodian, or similar official. 

“Plan” means an employee benefit plan (other than a Multiemployer Plan) maintained for employees of the Borrower or any
member of the Controlled Group and covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Code. 

“Prime Rate” means the per annum rate of interest established from time to time by the Administrative Agent at its principal
office in San Francisco as its prime rate, which rate may not be the lowest rate of interest charged by such Lender to its customers. 

“Potential Defaulting Lender” means, at any time, a Lender (a) as to which the Administrative Agent has notified the
Borrower that an event of the kind referred to in the definition of “Lender Insolvency Event” has occurred and is continuing in respect of any Subsidiary of such Lender, (b) as to which the Administrative Agent or the Issuing Lender
has in good faith determined and notified the Borrower (and in the case of the Issuing Lender the Administrative Agent) that such Lender or its Parent Company or a Subsidiary thereof has notified the Administrative Agent, or has stated publicly,
that it will not comply with its funding obligations under any other loan agreement or credit agreement or other financing agreement or (c) that has, or whose Parent Company has, a non-investment grade rating from Moody’s or S&P or
another nationally recognized rating agency. Any determination that a Lender is a Potential Defaulting Lender will be made by the Administrative Agent or, in the case of clause (b), the Issuing Lender, as the case may be, in its sole discretion
acting in good faith. The Administrative Agent will promptly send to all parties hereto a copy of any notice to the Borrower provided for in this definition. 

  
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 “Property” of any Person means any property or assets (whether real, personal,
or mixed, tangible or intangible) of such Person. 
 “Qualified ECP Guarantor” means, in respect of any Hedge Obligation,
each Guarantor that has total assets exceeding $10,000,000 at the time the relevant guaranty or grant of the relevant security interest becomes effective with respect to such Hedge Obligation or such other person as constitutes an “eligible
contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under
Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Qualified Equity Interests” means preferred Equity
Interests issued by a Person the terms of which are the same as those applicable to any class of units or common Equity Interests issued by such Person other than that such preferred Equity Interests (a) may be provided a preference over any
class of units or the common Equity Interests in liquidation or payment of dividends or distributions, (b) may be convertible or exchangeable at the option of the holder but only into any common Equity Interests, (c) may have customary
class voting rights, and (d) may have a fixed or variable dividend or distribution rate; provided that, in no event shall such units or such other preferred Equity Interests have any “debt”-like features such as (but not limited to)
(i) a scheduled maturity, any amortization, any scheduled prepayments or any other prepayment terms (except that such preferred Equity Interests may have a scheduled maturity date that is no earlier than 180 days after the scheduled Maturity
Date), (ii) any required cash interest payments, coupons, dividends or any other payments (other than conversions or exchanges into common Equity Interests or PIK dividends in additional Qualified Equity Interests or any principal payments at
the scheduled maturity date), or (iii) any financial or other type of covenants other than covenants that are customary to common Equity Interests). 

“Receivables” of any Person means, at any date of determination thereof, all Property of such Person which would, in
accordance with GAAP, be required to be classified and accounted for as accounts receivable on the balance sheet of such Person. 

“Register” has the meaning set forth in Section 9.7(b). 

“Regulations T, U, and X” means Regulations T, U, and X of the Federal Reserve Board, as each is from time to time in effect,
and all official rulings and interpretations thereunder or thereof. 
 “Release” shall have the meaning set forth in CERCLA
or under any other Environmental Law. 
 “Response” shall have the meaning set forth in CERCLA or under any other
Environmental Law. 
 “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA (other than any
such event not subject to the provision for 30-day notice to the PBGC under the regulations issued under such section). 

“Responsible Officer” means (a) with respect to any Person that is a corporation, such Person’s chief financial
officer, treasurer or controller, (b) with respect to any Person that is a limited liability company, if such Person has officers, then such Person’s chief financial officer, treasurer or controller, and if such Person is managed by
members, then a chief financial officer, treasurer or controller of such Person’s managing member, and if such Person is managed by managers, then a manager (if such manager is an individual) or a Responsible Officer of such manager (if such
manager is an entity), and (c) with respect to any Person that is a general partnership, limited partnership or a limited liability partnership, the Responsible Officer of such Person’s general partner or partners. 

  
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 “Restricted Payment” means, with respect to any Person, (a) any direct or
indirect dividend or distribution (whether in cash, securities or other Property) or any direct or indirect payment of any kind or character (whether in cash, securities or other Property) in consideration for or otherwise in connection with any
Equity Interest of such Person, including in connection with any retirement, purchase, redemption or other acquisition of such Equity Interest, or any options, warrants or rights to purchase or acquire any such Equity Interest or (b) principal
or interest payments (in cash, Property or otherwise) on, or redemption of, subordinated debt of such Person; provided that the term “Restricted Payment” shall not include any dividend, distribution, repurchase or redemption payable
solely in common Equity Interests or Qualified Equity Interests or from the proceeds of the contemporaneous issuance of additional common Equity Interests of such Person or warrants, options or other rights to purchase such common Equity Interests.

 “Revolving Advance” means any advance by a Lender to the Borrower as part of a Revolving Borrowing. For the avoidance of
doubt, the Revolving Tranche A Advances and the Tranche B Term Advances are “Revolving Advances” for all purposes hereunder. 

“Revolving Borrowing” means a Borrowing consisting of simultaneous Revolving Advances of the same Type made by the Lenders
pursuant to Section 2.1(a) or Converted by each Lender to Revolving Advances of a different Type pursuant to Section 2.4(b). 

“Revolving Commitment” means, for each Lender, the obligation of each Lender to advance to Borrower the amount set opposite
such Lender’s name on Schedule II as its Revolving Commitment, or if such Lender has entered into any Assignment and Acceptance, set forth for such Lender as its Revolving Commitment in the Register, as such amount may be reduced pursuant to
Section 2.1(b)(i); provided that, after the Maturity Date, the Revolving Commitment for each Lender shall be zero. After giving effect to the penultimate sentence of Section 2.1(a), the aggregate amount of the Revolving Commitments
on the Amendment No. 7 Effective Date is $15,000,000. 
 “Revolving Loan” means the aggregate principal from a Lender
which represents such Lender’s ratable share of a Revolving Borrowing. 
 “Revolving Note” means a promissory note of
the Borrower payable to the order of a Lender in the amount of such Lender’s Revolving Commitment, in substantially the same form as Exhibit F -1, evidencing indebtedness of the Borrower to such Lender resulting from Revolving
Advances owing to such Lender. 
 “Revolving Pro Rata Share” means, at any time with respect to any Lender, (a) the
ratio (expressed as a percentage) of such Lender’s Revolving Commitment at such time to the aggregate Revolving Commitments at such time, or (b) if all of the Revolving Commitments have been terminated, the ratio (expressed as a
percentage) of such Lender’s aggregate outstanding Revolving Advances at such time to the total aggregate outstanding Revolving Advances at such time. 

“Revolving Tranche A Advances” means all Revolving Advances other than the Tranche B Term Advances. 

“Sanctions” has the meaning set forth in Section 4.20(b). 

“Schlumberger Receivables Transaction” means the sale by the Borrower to Citibank, N.A. or such other third party from time
to time of certain Receivables owed to the Borrower by Schlumberger Ltd. and or its Subsidiaries pursuant to a Supplier Agreement and Lien Release and Acknowledgement Agreement, substantially in the forms provided by the Borrower to the
Administrative Agent on November 30, 2015 or such other form acceptable to the Administrative Agent. 

  
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 “SEC” means, the Securities and Exchange Commission. 

“Secured Obligations” means (a) the Obligations, (b) the Banking Services Obligations, and (c) the Secured
Swap Obligations, but in any event, excluding Excluded Swap Obligations. 
 “Secured Swap Obligations” means any and all
obligations owing by the Borrower or any Subsidiary thereof (whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising) to any Secured Swap Provider under any
Hedging Arrangement between the Borrower or any Subsidiary thereof and such Secured Swap Provider, in each case, after giving effect to all netting arrangements relating to such Hedging Arrangement; provided that if such Secured Swap Provider ceases
to be a Lender or an Affiliate of a Lender hereunder, Secured Swap Obligations shall only include such obligations to the extent arising from transactions and confirmations entered into under Hedging Arrangements at any time such Secured Swap
Provider was a Lender or an Affiliate of a Lender hereunder (including transactions and confirmations entered into under Hedging Arrangements in effect on the Amendment No. 4 Effective Date), without giving effect to any extension, increases,
or modifications thereof which are made after such Secured Swap Provider ceases to be a Lender or an Affiliate of a Lender hereunder. 

“Secured Swap Provider” means any Person that is a party to a Hedging Arrangement with any Credit Party if (a) at the
time such Hedging Arrangement was entered into or assumed, such Person was a Lender or an Affiliate of a Lender hereunder, even if such Person subsequently ceases to be a Lender (or an Affiliate thereof) for any reason or (b) such Hedging
Arrangement was in effect on the Amendment No. 4 Effective Date and such Person or an Affiliate of such Person was a Lender on the Amendment No. 4 Effective Date, even if such Person subsequently ceases to be a Lender (or an Affiliate
thereof) for any reason. 
 “Secured Parties” means the Administrative Agent, the Issuing Lender, the Lenders, the Secured
Swap Providers and Banking Services Providers. 
 “Security Agreement” means the Amended and Restated Pledge and Security
Agreement among the Credit Parties and the Administrative Agent in such form acceptable to the Administrative Agent. 
 “Security
Documents” means, collectively, the Security Agreement, the Mortgages, and any and all other instruments, documents or agreements, now or hereafter executed by any Credit Party or any other Person to secure the Secured Obligations. 

“S&P” means Standard & Poor’s Rating Agency Group, a division of McGraw-Hill Companies, Inc., or any
successor thereof which is a national credit rating organization. 
 “Solvent” means, as to any Person, on the date of any
determination (a) the fair value of the Property of such Person is greater than the total amount of debts and other liabilities (including without limitation, contingent liabilities) of such Person, (b) the present fair salable value of
the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts and other liabilities (including, without limitation, contingent liabilities) as they become absolute and matured,
(c) such Person is able to realize upon its assets and pay its debts and other liabilities (including, without limitation, contingent liabilities) as they mature in the normal course of business, (d) such Person does not intend to, and
does not believe that it will, incur debts or liabilities (including, without limitation, contingent liabilities) beyond such Person’s ability to pay as such debts and liabilities 

  
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mature, (e) such Person is not engaged in, and is not about to engage in, business or a transaction for which such Person’s Property would constitute unreasonably small capital, and
(f) such Person has not transferred, concealed or removed any Property with intent to hinder, delay or defraud any creditor of such Person. 

“Specified Dispositions” means the sale by any Credit Party of the assets or Equity Interests set out on Schedule 6.8(c)
hereto, as such schedule may be updated from time to time with respect to the Intellectual Property Collateral referred to therein relating to “Fusion” and “Quantum” in the Administrative Agent’s reasonable discretion. 

“Subject Lender” has the meaning set forth in Section 2.14. 

“Subsidiary” means, with respect to any Person (the “holder”) at any date, any corporation, limited
liability company, partnership, association or other entity the accounts of which would be consolidated with those of the holder in the holder’s consolidated financial statements if such financial statements were prepared in accordance with
GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity, a majority of whose outstanding Voting Securities shall at any time be owned by the holder or one more Subsidiaries of the
holder. Unless expressly provided otherwise, all references herein and in any other Credit Document to any “Subsidiary” or “Subsidiaries” means a Subsidiary or Subsidiaries of the Borrower. 

“Swing Line Advance” means an advance by the Swing Line Lender to the Borrower as part of a Swing Line Borrowing. 

“Swing Line Borrowing” means the Borrowing consisting of a Swing Line Advance made by the Swing Line Lender pursuant to
Section 2.3 or, if an AutoBorrow Agreement is in effect, any transfer of funds pursuant to such AutoBorrow Agreement. 
 “Swing
Line Sublimit Amount” means $5,000,000; provided that, on and after the Maturity Date, the Swing Line Sublimit Amount shall be zero. 

“Swing Line Lender” means Wells Fargo. 

“Swing Line Note” means the promissory note made by the Borrower payable to the order of the Swing Line Lender evidencing the
indebtedness of the Borrower to the Swing Line Lender resulting from Swing Line Advances in substantially the same form as Exhibit F-2. 

“Swing Line Payment Date” means (a) if an AutoBorrow Agreement is in effect, the earliest to occur of (i) the date
required by such AutoBorrow Agreement, (ii) demand is made by the Swing Line Lender and (iii) the Maturity Date, or (b) if an AutoBorrow Agreement is not in effect, the earlier to occur of (i) three (3) Business Days after
demand is made by the Swing Line Lender if no Default exists, and otherwise upon demand by the Swing Line Lender and (ii) the Maturity Date. 

“Tangible Net Worth” means, as to the Borrower, (i) the consolidated shareholder’s (or other type of equity
holder’s) equity of the Borrower and its Subsidiaries (determined in accordance with GAAP), less (ii) the amount of consolidated intangible assets (as defined under GAAP) of the Borrower and its Subsidiaries. 

“Taxes” has the meaning set forth in Section 2.13(a). 

  
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 “Termination Event” means (a) a Reportable Event with respect to a Plan,
(b) the withdrawal of the Borrower or any member of the Controlled Group from a Plan during a plan year in which it was a “substantial employer” as defined in Section 4001(a)(2) of ERISA, (c) the filing of a notice of intent
to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041(c) of ERISA, (d) the institution of proceedings to terminate a Plan by the PBGC, or (e) any other event or condition which constitutes
grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan. 
 “Third
Party Locations” means any location which holds, stores or otherwise maintains Collateral, including such locations that are leased locations, trailer storage or self-storage facilities, distribution centers or warehouses, and such
locations that are the subject of any bailee arrangement. 
 “Tranche B Term Advances” means the Revolving Advances which
are designated as Tranche B Term Advances on the Amendment No. 7 Effective Date as provided under Section 2.1(a). 

“Treasury Management Arrangement” means any agreement or other arrangement governing the provision of treasury or cash
management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting
and trade finance services and other cash management services 
 “Type” has the meaning set forth in Section 1.4. 

“Unrestricted Cash” means, as of any date of determination, the readily and immediately available cash that would not appear
as “restricted” on the balance sheet of the Borrower and its Subsidiaries and held in deposit accounts of any Credit Party (other than the Cash Collateral Account) on such date; provided that, such deposit accounts and the funds
therein shall be unencumbered and free and clear of all Liens and other third party rights other than (a) a Lien in favor of the Administrative Agent pursuant to Security Documents and (b) a Lien in favor of the depositary institution
holding such deposit accounts arising solely by virtue of such depositary institution’s standard account documentation or any statutory or common law provision relating to banker’s liens, rights of set-off or similar rights and remedies
and burdening only such deposit accounts. 
 “Voting Securities” means (a) with respect to any corporation, capital
stock of the corporation having general voting power under ordinary circumstances to elect directors of such corporation (irrespective of whether at the time stock of any other class or classes shall have or might have special voting power or rights
by reason of the happening of any contingency), (b) with respect to any partnership, any partnership interest or other ownership interest having general voting power to elect the general partner or other management of the partnership or other
Person, and (c) with respect to any limited liability company, membership certificates or interests having general voting power under ordinary circumstances to elect managers of such limited liability company. 

“Wells Fargo” means Wells Fargo Bank, National Association. 

“Wilkinson Bonds” means the Taxable Industrial Development Revenue Bond (Carbo Ceramics Inc. Project), Series 2008,
having a maximum principal amount not to exceed $410,000,000, issued by the Development Authority of Wilkinson County. 
 “Wilkinson
Capital Lease Obligations” means the Debt under the Capital Lease described in Schedule 6.1. 

  
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 “Write-Down and Conversion Powers” means, with respect to any EEA Resolution
Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In
Legislation Schedule. 
 Section 1.2 Computation of Time Periods. In this Agreement in the computation of periods of time from a
specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each means “to but excluding”. 

Section 1.3 Accounting Terms; Changes in GAAP. 

(a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis
with those applied in the preparation of the financial statements delivered to the Administrative Agent for the fiscal year ending December 31, 2008 as required under Section 5.2. 

(b) Unless otherwise indicated, all financial statements of the Borrower, all calculations for compliance with covenants in this Agreement,
all determinations of the Applicable Margin, and all calculations of any amounts to be calculated under the definitions in Section 1.1 shall be based upon the consolidated accounts of the Borrower and its Subsidiaries in accordance with GAAP
and consistent with the principles of consolidation applied in preparing the Borrower’s financial statements referred to in Section 4.4. 

(c) If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Credit Document, and
either the Borrower or the Majority Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in
GAAP (subject to the approval of the Majority Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Borrower
shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement
made before and after giving effect to such change in GAAP. 
 Section 1.4 Classes and Types of Advances. Advances are
distinguished by “Class” and “Type”. The “Class” of an Advance refers to the determination of whether such Advance is a Revolving Advance or a Swing Line Advance. The “Type” of an Advance refers to the
determination of whether such Advance is a Base Rate Advance or a LIBOR Advance. 
 Section 1.5 Miscellaneous. Article, Section,
Schedule, and Exhibit references are to this Agreement, unless otherwise specified. All references to instruments, documents, contracts, and agreements (including this Agreement) are references to such instruments, documents, contracts, and
agreements as the same may be amended, supplemented, and otherwise modified from time to time, unless otherwise specified and shall include all schedules and exhibits thereto unless otherwise specified. Any reference herein to any law shall be
construed as referring to such law as amended, modified, codified or reenacted, in whole or in part, and in effect from time to time. Any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject
to the restrictions contained herein). The words “hereof”, “herein”, and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision
of this Agreement. The term “including” means “including, without limitation,”. Paragraph headings have been inserted in this Agreement as a matter of convenience for reference only and it is agreed that such paragraph headings
are not a part of this Agreement and shall not be used in the interpretation of any provision of this Agreement. 

  
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 ARTICLE 2 

CREDIT FACILITIES 

Section 2.1 Revolving Commitments. 

(a) Revolving Commitment. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving
Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Maturity Date; provided that after giving effect to such Revolving Advances, the Outstandings shall not exceed the aggregate
Revolving Commitments in effect at such time. Each Revolving Borrowing shall (A) if comprised of Base Rate Advances be in an aggregate amount not less than $100,000 and in integral multiples of $100,000 in excess thereof, (B) if comprised
of LIBOR Advances be in an aggregate amount not less than $200,000 and in integral multiples of $100,000 in excess thereof, and (C) consist of Revolving Advances of the same Type made on the same day by the Lenders ratably according to their
respective Revolving Commitments; provided that, notwithstanding the foregoing, until such time as agreed to by each Lender in writing, no Revolving Tranche A Advances may be made on or after the Amendment No. 7 Effective Date, including
reimbursement requests pursuant to Section 2.2(c)(i); provided, however, that, for the avoidance of doubt, the foregoing proviso shall not prohibit the issuance of Letters of Credit pursuant to Section 2.2 in accordance with
the terms of such section. On the Amendment No. 7 Effective Date, $65,000,000 of the Revolving Advances outstanding immediately prior to giving effect to Amendment No. 7 are hereby designated as and deemed to constitute Tranche B Term
Advances, and each Lender’s pro rata share of such Tranche B Term Advances is as set forth on Schedule II hereof. Within the limits of each Lender’s Revolving Commitment, the Borrower may from time to time borrow, prepay pursuant to
Section 2.5, and reborrow under this Section 2.1(a); provided that, once prepaid or repaid, the Borrower may not reborrow any Tranche B Term Advances. 

(b) Reduction of the Commitments. 

(i) Commitments. The Borrower shall have the right, upon at least three Business Days’ irrevocable notice to the
Administrative Agent, to terminate in whole or reduce in part the unused portion of the Commitments; provided that each partial reduction shall be in a minimum amount of $200,000 and in integral multiples of $100,000 in excess thereof. The
Commitments shall automatically and permanently reduce by the amount of any principal prepayment or repayment of the Tranche B Term Advances on the date of such prepayment or repayment. Other than as provided in Section 2.1(b)(ii) below, any
reduction or termination of the Commitments pursuant to this Section 2.1(b)(i) shall be applied ratably to each Lender’s Commitment and shall be permanent, with no obligation of the Lenders to reinstate such Commitments, and the Commitment
Fees shall thereafter be computed on the basis of the aggregate Commitments, as so reduced. If there are no outstanding Commitments, Letters of Credit, expenses, fees or any other amounts owing pursuant to any Credit Document, the Borrower shall
have the right, upon at least one Business Day’s notice to the Administrative Agent, to terminate this Agreement except the terms hereof which expressly state that such terms survive the termination of this Agreement or the termination of the
Commitments. 
 (ii) Defaulting Lender. At any time when a Lender is then a Defaulting Lender, the Borrower, at the
Borrower’s election, may terminate such Defaulting Lender’s Revolving Commitment hereunder; provided that (A) such termination must be of the Defaulting Lender’s 

  
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entire Revolving Commitment, (B) the Borrower shall pay all amounts owed by the Borrower to such Defaulting Lender in such Lender’s capacity as a Lender under this Agreement and under
the other Credit Documents (including principal of and interest on the Revolving Advances owed to such Defaulting Lender, accrued commitment fees (subject to Section 2.7(a)), and letter of credit fees but specifically excluding any amounts
owing under Section 2.10 as result of such payment of Revolving Advances) and shall deposit with the Administrative Agent into the Cash Collateral Account cash collateral in the amount equal to such Defaulting Lender’s ratable share of the
Letter of Credit Exposure, (C) a Defaulting Lender’s Revolving Commitment may be terminated by the Borrower under this Section 2.1(b)(ii) if and only if at such time, the Borrower has elected, or is then electing, to terminate
the Revolving Commitments of all then existing Defaulting Lenders. Upon written notice to the Defaulting Lender and Administrative Agent of the Borrower’s election to terminate a Defaulting Lender’s Revolving Commitment pursuant to this
clause (ii) and the payment and deposit of amounts required to be made by the Borrower under clause (B) above, (1) such Defaulting Lender shall cease to be a “Lender” hereunder for all purposes except that such Lender’s
rights as a Lender under Sections 2.11, 2.13, 8.5 and 9.2 shall continue with respect to events and occurrences occurring before or concurrently with its ceasing to be a “Lender” hereunder, (2) such Defaulting Lender’s Revolving
Commitment shall be deemed terminated, and (3) such Defaulting Lender shall be relieved of its obligations hereunder as a “Lender”. 

(c) Notes. The indebtedness of the Borrower to each Lender resulting (i) from Revolving Advances owing to such Lender shall be
evidenced by a Revolving Note and (ii) from Swing Line Advances owing to the Swing Line Lender, as set forth in Section 2.3 below, shall be evidenced by a Swing Line Note. 

Section 2.2 Letters of Credit. 

(a) Commitment for Letters of Credit. Each Issuing Lender, the Lenders and the Borrowers agree that effective as of the Amendment
No. 7 Effective Date, the Existing Letters of Credit shall be deemed to have been issued and maintained under, and be governed by the terms and conditions of, this Agreement as Letters of Credit. Subject to the terms and conditions set forth in
this Agreement, the Issuing Lender agrees, in reliance upon the agreements of the other Lenders set forth in this Section 2.2, from time to time on any Business Day during the period from the Effective Date until the date that is 10 days prior
to the Maturity Date, to issue, increase or extend the expiration date of, Letters of Credit for the account of any Credit Party, provided that no Letter of Credit will be issued, increased, or extended (or deemed issued as to the Existing Letters
of Credit): 
 (i) if such issuance, increase, or extension would cause the Letter of Credit Exposure to exceed the Letter of
Credit Maximum Amount; 
 (ii) unless such Letter of Credit has an expiration date not later than 10 days prior to the
Maturity Date; provided that, if Revolving Commitments are terminated in whole pursuant to Section 2.1(b)(i), the Borrower shall, at its election, either (A) deposit into the Cash Collateral Account cash in an amount equal to 105%
of the Letter of Credit Exposure for the Letters of Credit which have an expiry date beyond the Maturity Date or (B) provide a replacement letter of credit (or other security) reasonably acceptable to the Administrative Agent and the Issuing
Lender in an amount equal to 105% of the Letter of Credit Exposure; 
 (iii) unless such Letter of Credit is (A) a
standby letter of credit not supporting the repayment of indebtedness for borrowed money of any Person, or (B) with the consent of the Issuing Lender (such consent not to be unreasonably withheld) and so long as the Borrower as agreed to such
additional reasonable fees which may apply, a commercial letter of credit; 

  
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 (iv) unless such Letter of Credit is in form and substance acceptable to the
Issuing Lender in its sole discretion; 
 (v) unless the Borrower has delivered to the Issuing Lender a completed and
executed Letter of Credit Application; provided that, if the terms of any Letter of Credit Application conflicts with the terms of this Agreement, the terms of this Agreement shall control; 

(vi) unless such Letter of Credit is governed by (A) the Uniform Customs and Practice for Documentary Credits (2007
Revision), International Chamber of Commerce Publication No. 600, or (B) the International Standby Practices (ISP98), International Chamber of Commerce Publication No. 590, in either case, including any subsequent revisions thereof
approved by a Congress of the International Chamber of Commerce and adhered to by the Issuing Lender; 
 (vii) if any order,
judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the Issuing Lender from issuing, increasing or extending such Letter of Credit, or any Legal Requirement applicable to the Issuing Lender
or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the Issuing Lender shall prohibit, or request that the Issuing Lender refrain from, the issuance, increase or extension of
letters of credit generally or such Letter of Credit in particular or shall impose upon the Issuing Lender with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the Issuing Lender is not otherwise
compensated hereunder) not in effect on the Effective Date, or shall impose upon the Issuing Lender any unreimbursed loss, cost or expense which was not applicable on the Effective Date and which the Issuing Lender in good faith deems material to
it; 
 (viii) if the issuance, increase or extension of such Letter of Credit would violate one or more policies of the
Issuing Lender applicable to letters of credit generally; 
 (ix) if Letter of Credit is to be denominated in a currency
other than Dollars; or 
 (x) any Lender is at such time a Defaulting Lender or a Potential Defaulting Lender hereunder,
unless the Issuing Lender has entered into satisfactory arrangements with the Borrower or such Lender to eliminate the Issuing Lender’s risk with respect to such Lender. 

Furthermore, anything contained herein to the contrary notwithstanding, the Issuing Lender may, but shall not be obligated to, issue or cause the issuance of
a Letter of Credit that supports the obligations of the Borrower or its Subsidiaries in respect of (1) a lease of real property, or (2) an employment contract. 

(b) Requesting Letters of Credit. Each Letter of Credit shall be issued pursuant to a Letter of Credit Application given by the
Borrower to the Administrative Agent for the benefit of the Issuing Lender by facsimile or other writing not later than 11:00 a.m. (Houston, Texas, time) on the third Business Day before the proposed date of issuance for the Letter of Credit. Each
Letter of Credit Application shall be fully completed and shall specify the information required therein. Each Letter of Credit Application shall be irrevocable and binding on the Borrower. Subject to the terms and conditions hereof, the Issuing
Lender shall before 2:00 p.m. (Houston, Texas, time) on the date of such Letter of Credit issue such Letter of Credit to the beneficiary of such Letter of Credit. 

  
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 (c) Reimbursements for Letters of Credit; Funding of Participations. 

(i) With respect to any Letter of Credit, in accordance with the related Letter of Credit Application, the Borrower agrees to
pay within three (3) Business Days to the Administrative Agent on behalf of the Issuing Lender an amount equal to any amount paid by the Issuing Lender under such Letter of Credit. Upon the Issuing Lender’s demand for payment under the
terms of a Letter of Credit Application, the Borrower may, subject to Section 2.1(a), with a written notice, request that the Borrower’s obligations to the Issuing Lender thereunder be satisfied with the proceeds of a Revolving Tranche A
Advance in the same amount (notwithstanding any minimum size or increment limitations on individual Revolving Tranche A Advances). If the Borrower does not make such request and does not otherwise make the payments demanded by the Issuing Lender as
required under this Agreement or the Letter of Credit Application, then the Borrower shall be deemed for all purposes of this Agreement to have requested such a Revolving Tranche A Advance in the same amount and the transfer of the proceeds thereof
to satisfy the Borrower’s obligations to the Issuing Lender, and the Borrower hereby unconditionally and irrevocably authorizes, empowers, and directs the Lenders to make such Revolving Tranche A Advance, to transfer the proceeds thereof to the
Issuing Lender in satisfaction of such obligations, and to record and otherwise treat such payments as a Revolving Tranche A Advance to the Borrower. The Administrative Agent and each Lender may record and otherwise treat the making of such
Revolving Borrowings as the making of a Revolving Borrowing to the Borrower under this Agreement as if requested by the Borrower. Nothing herein is intended to release any of the Borrower’s obligations under any Letter of Credit Application,
but only to provide an additional method of payment therefor. The making of any Borrowing under this Section 2.2(c) shall not constitute a cure or waiver of any Default, other than the payment Default which is satisfied by the application of
the amounts deemed advanced hereunder, caused by the Borrower’s failure to comply with the provisions of this Agreement or the Letter of Credit Application. 

(ii) Subject to Section 2.1(a), each Lender (including the Lender acting as Issuing Lender) shall, upon notice from the
Administrative Agent that the Borrower has requested or is deemed to have requested a Revolving Tranche A Advance pursuant to Section 2.4 and regardless of whether (A) the conditions in Section 3.2 have been met, (B) such notice
complies with Section 2.4, or (C) a Default exists, make funds available to the Administrative Agent for the account of the Issuing Lender in an amount equal to such Lender’s Revolving Pro Rata Share of the amount of such Revolving
Tranche A Advance not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon each Lender that so makes funds available shall be deemed to have made a Revolving Tranche A Advance to the Borrower in
such amount. The Administrative Agent shall remit the funds so received to the Issuing Lender. 
 (iii) If any such Lender
shall not have so made its Revolving Advance available to the Administrative Agent pursuant to this Section 2.2, such Lender agrees to pay interest thereon for each day from such date until the date such amount is paid at the lesser of
(A) the Federal Funds Rate for such day for the first three days and thereafter the interest rate applicable to the Revolving Tranche A Advance and (B) the Maximum Rate. Whenever, at any time after the Administrative Agent has received
from any Lender such Lender’s Revolving Tranche A Advance, the Administrative Agent receives any payment on account thereof, the Administrative Agent will pay to such Lender its participating interest in such amount (appropriately adjusted, in
the case of interest payments, to reflect the period of time during which such Lender’s Revolving Tranche A Advance was outstanding and funded), which payment shall be subject to repayment by such Lender if such payment received by the
Administrative Agent is required to be returned. 

  
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Each Lender’s obligation to make the Revolving Tranche A Advance pursuant to this Section 2.2 shall be absolute and unconditional and shall not be affected by any circumstance,
including (1) any set-off, counterclaim, recoupment, defense or other right which such Lender or any other Person may have against the Issuing Lender, the Administrative Agent or any other Person for any reason whatsoever; (2) the
occurrence or continuance of a Default or the termination of the Revolving Commitments; (3) any breach of this Agreement by any Credit Party or any other Lender; or (4) any other circumstance, happening or event whatsoever, whether or not
similar to any of the foregoing. 
 (d) Participations. Upon the date of the issuance or increase of a Letter of Credit under
Section 2.2(a), the Issuing Lender shall be deemed to have sold to each other Lender and each other Lender shall have been deemed to have purchased from the Issuing Lender a participation in the related Letter of Credit Obligations equal to
such Lender’s Revolving Pro Rata Share at such date and such sale and purchase shall otherwise be in accordance with the terms of this Agreement. The Issuing Lender shall promptly notify each such participant Lender by telex, telephone, or
telecopy of each Letter of Credit issued or increased and the actual dollar amount of such Lender’s participation in such Letter of Credit. 

(e) Obligations Unconditional. The obligations of the Borrower under this Agreement in respect of each Letter of Credit shall be
unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, notwithstanding the following circumstances: 

(i) any lack of validity or enforceability of any Letter of Credit Documents; 

(ii) any amendment or waiver of or any consent to departure from any Letter of Credit Documents; 

(iii) the existence of any claim, set-off, defense or other right which any Credit Party may have at any time against any
beneficiary or transferee of such Letter of Credit (or any Persons for whom any such beneficiary or any such transferee may be acting), the Issuing Lender, any Lender or any other person or entity, whether in connection with this Agreement, the
transactions contemplated in this Agreement or in any Letter of Credit Documents or any unrelated transaction; 
 (iv) any
statement or any other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect to the extent the Issuing Lender would
not be liable therefor pursuant to the following paragraph (g); 
 (v) payment by the Issuing Lender under such Letter of
Credit against presentation of a draft or certificate which does not comply with the terms of such Letter of Credit; or 

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

provided, however, that nothing contained in this paragraph (e) shall be deemed to constitute a waiver of any remedies of the Borrower in
connection with the Letters of Credit. 
 (f) Prepayments of Letters of Credit. In the event that any Letter of Credit shall be
outstanding or shall be drawn and not reimbursed on or prior to the 5th Business Day prior to the Maturity 

  
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Date, the Borrower shall pay to the Administrative Agent an amount equal to 105% of the Letter of Credit Exposure allocable to such Letter of Credit, such amount to be due and payable on the 5th Business Day prior to the Maturity Date, and to be held in the Cash Collateral Account and applied in accordance with paragraph (h) below. 

(g) Liability of Issuing Lender. The Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter
of Credit with respect to its use of such Letter of Credit. Neither the Issuing Lender nor any of its officers or directors shall be liable or responsible for: 

(i) the use which may be made of any Letter of Credit or any acts or omissions of any beneficiary or transferee in connection
therewith; 
 (ii) the validity, sufficiency or genuineness of documents, or of any endorsement thereon, even if such
documents should prove to be in any or all respects invalid, insufficient, fraudulent or forged; 
 (iii) payment by the
Issuing Lender against presentation of documents which do not comply with the terms of a Letter of Credit, including failure of any documents to bear any reference or adequate reference to the relevant Letter of Credit; or 

(iv) any other circumstances whatsoever in making or failing to make payment under any Letter of Credit (INCLUDING THE
ISSUING LENDER’S OWN NEGLIGENCE), 
 except that the Borrower shall have a claim against the Issuing Lender, and the Issuing Lender shall be liable
to, and shall promptly pay to, the Borrower, to the extent of any direct, as opposed to consequential, damages suffered by the Borrower which the Borrower proves were caused by (A) the Issuing Lender’s willful misconduct or gross
negligence in determining whether documents presented under a Letter of Credit comply with the terms of such Letter of Credit or (B) the Issuing Lender’s willful failure to make lawful payment under any Letter of Credit after the
presentation to it of a draft and certificate strictly complying with the terms and conditions of such Letter of Credit. In furtherance and not in limitation of the foregoing, the Issuing Lender may accept documents that appear on their face to be
in order, without responsibility for further investigation, regardless of any notice or information to the contrary. 
 (h) Cash
Collateral Account. 
 (i) If the Borrower is required to deposit funds in the Cash Collateral Account pursuant to
Sections 2.2(f), 2.2(i), 2.5(c), 7.2(b) or 7.3(b), then the Borrower and the Administrative Agent shall establish the Cash Collateral Account and the Borrower shall execute any documents and agreements, including the Administrative Agent’s
standard form assignment of deposit accounts, that the Administrative Agent reasonably requests in connection therewith to establish the Cash Collateral Account and grant the Administrative Agent an Acceptable Security Interest in such account and
the funds therein. The Borrower hereby pledges to the Administrative Agent and grants the Administrative Agent, for the ratable benefit of the Secured Parties, a security interest in the Cash Collateral Account, whenever established, all funds held
in the Cash Collateral Account from time to time, and all proceeds thereof as security for the payment of the Secured Obligations. 

(ii) Funds held in the Cash Collateral Account shall be held as cash collateral for obligations with respect to Letters of
Credit and promptly applied by the Administrative Agent at the request of the Issuing Lender to any reimbursement or other obligations under Letters of Credit that exist or occur. To the extent that any surplus funds are held in the Cash Collateral

  
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Account above the Letter of Credit Exposure during the existence of an Event of Default the Administrative Agent may (A) hold such surplus funds in the Cash Collateral Account as cash
collateral for the Secured Obligations or (B) apply such surplus funds to any Secured Obligations in any manner directed by the Majority Lenders. If no Default exists, the Administrative Agent shall release any surplus funds held in the Cash
Collateral Account above the Letter of Credit Exposure to the Borrower promptly following the Borrower’s written request. Notwithstanding the foregoing, if the Borrower has complied with the terms of Section 2.2(i) and no Default exists,
or would result therefrom, the Administrative Agent shall release the funds deposited by the Borrower pursuant to Section 2.2(i) to the Borrower promptly following the Borrower’s written request. 

(iii) Funds held in the Cash Collateral Account may be invested (for the benefit of the Borrower) in Liquid Investments
maintained with, and under the sole dominion and control of, the Administrative Agent or in another investment if mutually agreed upon by the Borrower and the Administrative Agent, but the Administrative Agent shall have no obligation to make any
investment of the funds therein. The Administrative Agent shall exercise reasonable care in the custody and preservation of any funds held in the Cash Collateral Account and shall be deemed to have exercised such care if such funds are accorded
treatment substantially equivalent to that which the Administrative Agent accords its own property, it being understood that the Administrative Agent shall not have any responsibility for taking any necessary steps to preserve rights against any
parties with respect to any such funds. 
 (i) Defaulting Lender. If, at any time, a Defaulting Lender or a Potential Defaulting
Lender exists hereunder, then, at the request of the Issuing Lender, the Borrower shall deposit funds with Administrative Agent into the Cash Collateral Account an amount equal to such Defaulting Lender’s or Potential Defaulting Lender’s
pro rata share of the Letter of Credit Exposure. 
 (j) Letters of Credit Issued for Guarantors or any Subsidiary. Notwithstanding
that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Guarantor or any Subsidiary, the Borrower shall be obligated to reimburse the Issuing Lender hereunder for any and all drawings
under such Letter of Credit issued hereunder by the Issuing Lender. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any Guarantor, the Borrower or any Subsidiary inures to the benefit of the Borrower, and
that the Borrower’s business (indirectly or directly) derives substantial benefits from the businesses of such other Persons. 

Section 2.3 Swing Line Advances. 

(a) Facility. On the terms and conditions set forth in this Agreement, and if an AutoBorrow Agreement is in effect, subject to the
terms and conditions of such AutoBorrow Agreement, the Swing Line Lender may, in its sole discretion, from time-to-time on any Business Day during the period from the date of this Agreement until the last Business Day occurring before the Maturity
Date, make Swing Line Advances under the Swing Line Note to the Borrower which shall be due and payable on the Swing Line Payment Date (except that no Swing Line Advance may mature after the Maturity Date), bearing interest at the Adjusted Base Rate
plus the Applicable Margin for Base Rate Advances, and in an aggregate outstanding principal amount not to exceed the Swing Line Sublimit Amount at any time; provided that (i) after giving effect to such Swing Line Advance, the
Outstandings shall not exceed the aggregate Revolving Commitments in effect at such time; (ii) no Swing Line Advance shall be made by the Swing Line Lender if the conditions set forth in Section 3.2 have not been met as of the date of such
Swing Line Advance, it being agreed by the Borrower that the giving of the applicable Notice of Borrowing and the acceptance by the Borrower of the proceeds of such Swing Line Advance shall constitute a representation and warranty by the Borrower
that on the date of such Swing Line Advance 

  
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such conditions have been met; and (iii) if an AutoBorrow Agreement is in effect, such additional terms and conditions of such AutoBorrow Agreement shall have been satisfied, and in the
event that any of the terms of this Section 2.3(a) conflict with such AutoBorrow Agreement, the terms of the AutoBorrow Agreement shall govern and control. The indebtedness of the Borrower to the Swing Line Lender resulting from Swing Line
Advances shall be evidenced by the Swing Line Note. No Lender shall have any rights or obligations under any AutoBorrow Agreement, but each Lender shall have the obligation to purchase and fund risk participations in the Swing Line Advances and to
refinance Swing Line Advances as provided below. 
 (b) Prepayment. Within the limits expressed in this Agreement, amounts advanced
pursuant to Section 2.3(a) may from time to time be borrowed, prepaid without penalty, and reborrowed. If the aggregate outstanding principal amount of the Swing Line Advances ever exceeds the Swing Line Sublimit Amount, the Borrower shall,
upon receipt of written notice of such condition from the Swing Line Lender and to the extent of such excess, prepay to the Swing Line Lender outstanding principal of the Swing Line Advances such that such excess is eliminated. If an AutoBorrow
Agreement is in effect, each prepayment of a Swing Line Borrowing shall be made as provided in such AutoBorrow Agreement. 
 (c)
Reimbursements for Swing Line Obligations. 
 (i) With respect to the Swing Line Advances and the interest, premium,
fees, and other amounts owed by the Borrower to the Swing Line Lender in connection with the Swing Line Advances, the Borrower agrees to pay to the Swing Line Lender such amounts when due and payable to the Swing Line Lender under the terms of this
Agreement and, if an AutoBorrow Agreement is in effect, in accordance with the terms of such AutoBorrow Agreement. If the Borrower does not pay to the Swing Line Lender any such amounts when due and payable to the Swing Line Lender, the Swing Line
Lender may upon notice to the Administrative Agent request the satisfaction of such obligation by the making of a Revolving Borrowing in the amount of any such amounts not paid when due and payable. Upon such request, the Borrower shall be deemed to
have requested the making of a Revolving Borrowing in the amount of such obligation and the transfer of the proceeds thereof to the Swing Line Lender. Such Revolving Borrowing shall bear interest based upon the Adjusted Base Rate plus the Applicable
Margin for Base Rate Advances. The Administrative Agent shall promptly forward notice of such Revolving Borrowing to the Borrower and the Lenders, and each Lender shall, regardless of whether (A) the conditions in Section 3.2 have been
met, (B) such notice complies with Section 2.4, or (C) a Default exists, make available such Lender’s ratable share of such Revolving Borrowing to the Administrative Agent, and the Administrative Agent shall promptly deliver the
proceeds thereof to the Swing Line Lender for application to such amounts owed to the Swing Line Lender. The Borrower hereby unconditionally and irrevocably authorizes, empowers, and directs the Swing Line Lender to make such requests for Revolving
Borrowings on behalf of the Borrower, and the Lenders to make Revolving Tranche A Advances to the Administrative Agent for the benefit of the Swing Line Lender in satisfaction of such obligations. The Administrative Agent and each Lender may record
and otherwise treat the making of such Revolving Borrowings as the making of a Revolving Tranche A Advance to the Borrower under this Agreement as if requested by the Borrower. Nothing herein is intended to release the Borrower’s obligations
under the Swing Line Note, but only to provide an additional method of payment therefor. The making of any Borrowing under this Section 2.3(c) shall not constitute a cure or waiver of any Default or Event of Default, other than the payment
Default or Event of Default which is satisfied by the application of the amounts deemed advanced hereunder, caused by the Borrower’s failure to comply with the provisions of this Agreement or the Swing Line Note. 

  
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 (ii) If at any time, the Revolving Commitments shall have expired or be
terminated while any Swing Line Advance is outstanding, each Lender, at the sole option of the Swing Line Lender, shall either (A) notwithstanding the expiration or termination of the Revolving Commitments, make a Revolving Tranche A Advance as
a Base Rate Advance, or (B) be deemed, without further action by any Person, to have purchased from the Swing Line Lender a participation in such Swing Line Advance, in either case in an amount equal to the product of such Lender’s
Revolving Pro Rata Share times the outstanding aggregate principal balance of the Swing Line Advances. The Administrative Agent shall notify each such Lender of the amount of such Revolving Tranche A Advance or participation, and such Lender will
transfer to the Administrative Agent for the account of the Swing Line Lender on the next Business Day following such notice, in immediately available funds, the amount of such Revolving Tranche A Advance or participation. 

(iii) If any such Lender shall not have so made its Revolving Tranche A Advance or its percentage participation available to
the Administrative Agent pursuant to this Section 2.3, such Lender agrees to pay interest thereon for each day from such date until the date such amount is paid at the lesser of (A) the Federal Funds Rate for such day for the first three
days and thereafter the interest rate applicable to the Revolving Tranche A Advance and (B) the Maximum Rate. Whenever, at any time after the Administrative Agent has received from any Lender such Lender’s Revolving Tranche A Advance or
participating interest in a Swing Line Advance, the Administrative Agent receives any payment on account thereof, the Administrative Agent will pay to such Lender its participating interest in such amount (appropriately adjusted, in the case of
interest payments, to reflect the period of time during which such Lender’s Revolving Tranche A Advance or participating interest was outstanding and funded), which payment shall be subject to repayment by such Lender if such payment received
by the Administrative Agent is required to be returned. Each Lender’s obligation to make the Revolving Tranche A Advance or purchase such participating interests pursuant to this Section 2.3 shall be absolute and unconditional and
shall not be affected by any circumstance, including (1) any set-off, counterclaim, recoupment, defense or other right which such Lender or any other Person may have against the Swing Line Lender, the Administrative Agent or any other Person
for any reason whatsoever; (2) the occurrence or continuance of a Default or the termination of the Revolving Commitments; (3) any breach of this Agreement by the Borrower or any other Lender; or (4) any other circumstance, happening
or event whatsoever, whether or not similar to any of the foregoing. Each Swing Line Advance, once so participated by any Lender, shall cease to be a Swing Line Advance with respect to that amount for purposes of this Agreement, but shall continue
to be a Revolving Tranche A Advance. 
 (d) Method of Borrowing. If an AutoBorrow Agreement is in effect, each Swing Line Borrowing
shall be made as provided in such AutoBorrow Agreement. Otherwise, and except as provided in the clause (c) above, each request for a Swing Line Advance shall be made pursuant to telephone notice to the Swing Line Lender given no later than
1:00 p.m. (Houston, Texas time) on the date of the proposed Swing Line Advance, promptly confirmed by a completed and executed Notice of Borrowing telecopied or facsimiled to the Administrative Agent and the Swing Line Lender. The Swing Line Lender
will promptly make the Swing Line Advance available to the Borrower at the Borrower’s account with the Administrative Agent. 
 (e)
Interest for Account of Swing Line Lender. Swing Line Lender shall be responsible for invoicing the Borrower for interest on the Swing Line Advances (provided that any failure of the Swing Line Lender to provide such invoice shall not
release the Borrower from its obligation to pay such interest). Until each Lender funds its Revolving Tranche A Advance or risk participation pursuant to clause (c) above, interest in respect of Lender’s Revolving Pro Rata Share of the
Swing Line Advances shall be solely for the account of the Swing Line Lender. 

  
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 (f) Payments Directly to Swing Line Lenders. The Borrower shall make all payments of
principal and interest in respect of the Swing Line Advances directly to the Swing Line Lender. 
 (g) Discretionary Nature of the Swing
Line Facility. Notwithstanding any terms to the contrary contained herein or in any AutoBorrow Agreement, the Swing Line facility provided herein or in any AutoBorrow Agreement (i) is an uncommitted facility and the Swing Line Lender may,
but shall not be obligated to, make Swing Line Advances, and (ii) may be terminated at any time by the Swing Line Lender upon written notice to the Borrower; provided further that, notwithstanding the foregoing, until such time as agreed to by
each Lender in writing, no Swing Line Advances may be made on or after the Amendment No. 7 Effective Date. 
 Section 2.4
Advances. 
 (a) Notice. Each Revolving Borrowing, shall be made pursuant to a Notice of Borrowing given not later than
(i) 11:00 a.m. (Houston, Texas time) on the third Business Day before the date of the proposed Borrowing, in the case of a LIBOR Advance or (ii) 11:00 a.m. (Houston, Texas time) on the Business Day before the date of the proposed
Borrowing, in the case of a Base Rate Advance, by the Borrower to the Administrative Agent, which shall give to each Lender prompt notice of such proposed Borrowing by facsimile or telex. Each Notice of Borrowing shall be by facsimile or telex,
confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile), specifying the requested (i) date of such Borrowing, (ii) Type and Class of Advances comprising such Borrowing, (iii) aggregate
amount of such Borrowing, and (iv) if such Borrowing is to be comprised of LIBOR Advances, Interest Period for each such Advance. In the case of a proposed Borrowing comprised of LIBOR Advances, the Administrative Agent shall promptly notify
each Lender of the applicable interest rate under Section 2.8(b). Each Lender shall, before 12:00 noon (Houston, Texas time) on the date of such Borrowing, make available for the account of its applicable Lending Office to the Administrative
Agent at its address referred to in Section 9.9, or such other location as the Administrative Agent may specify by notice to the Lenders, in same day funds, such Lender’s Revolving Pro Rata Share of such Borrowing. After the Administrative
Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Article 3, the Administrative Agent will make such funds available to the Borrower at its account with the Administrative Agent or as otherwise
directed by the Borrower with written notice to the Administrative Agent. 
 (b) Conversions and Continuations. In order to elect to
Convert or continue a Revolving Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 11:00 a.m. (Houston,
Texas time) (i) on the Business Day before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the
case of a Conversion to, or a continuation of, a LIBOR Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent
by facsimile), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount, Type, and Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is
requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a LIBOR Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation under
this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a LIBOR Advance, notify each Lender of the applicable interest rate under Section 2.8(b). The
portion of Advances comprising part of the same Borrowing that are converted to Advances of another Type shall constitute a new Borrowing. 

  
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 (c) Certain Limitations. Notwithstanding anything in paragraphs (a) and
(b) above: 
 (i) at no time shall there be more than five Interest Periods applicable to outstanding LIBOR Advances;

 (ii) the Borrower may not select LIBOR Advances for any Borrowing at any time when a Default has occurred and is
continuing; 
 (iii) if any Lender shall, at least one Business Day before the date of any requested Borrowing, notify the
Administrative Agent that the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or that any central bank or other governmental authority asserts that it is unlawful, for such Lender or its
applicable Lending Office to perform its obligations under this Agreement to make LIBOR Advances or to fund or maintain LIBOR Advances, (A) the obligation of such Lender to make such LIBOR Advance as part of the requested Borrowing or for any
subsequent Borrowing shall be suspended until such Lender shall notify the Borrower that the circumstances causing such suspension no longer exist and such Lender’s portion of such requested Borrowing or any subsequent Borrowing of LIBOR
Advances shall be made in the form of a Base Rate Advance, and (B) such Lender agrees to use commercially reasonable efforts (consistent with its internal policies and legal and regulatory restrictions) to designate a different Lending Office
if the making of such designation would avoid the effect of this paragraph and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender; 

(iv) if the Administrative Agent is unable to determine the LIBO Rate for LIBOR Advances comprising any requested Borrowing,
the right of the Borrower to select LIBOR Advances for such Borrowing or for any subsequent Borrowing shall be suspended until the Administrative Agent shall notify the Borrower and the Lenders that the circumstances causing such suspension no
longer exist, and each Advance comprising such Borrowing shall be a Base Rate Advance; 
 (v) if the Majority Lenders shall,
at least one Business Day before the date of any requested Borrowing, notify the Administrative Agent that the LIBO Rate for LIBOR Advances comprising such Borrowing will not adequately reflect the cost to such Lenders of making or funding their
respective LIBOR Advances, as the case may be, for such Borrowing, the right of the Borrower to select LIBOR Advances for such Borrowing or for any subsequent Borrowing shall be suspended until the Administrative Agent shall notify the Borrower and
the Lenders that the circumstances causing such suspension no longer exist, and each Advance comprising such Borrowing shall be a Base Rate Advance; and 

(vi) if the Borrower shall fail to select the duration or continuation of any Interest Period for any LIBOR Advances in
accordance with the provisions contained in the definition of Interest Period in Section 1.1 and paragraph (b) above, the Administrative Agent will forthwith so notify the Borrower and the Lenders and such Advances will be made available
to the Borrower on the date of such Borrowing as Base Rate Advances or, if an existing Advance, Convert into Base Rate Advances. 

  
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 (d) Notices Irrevocable. Each Notice of Borrowing and Notice of Continuation or Conversion
delivered by the Borrower hereunder, including its deemed request for borrowing made under Section 2.2(c), shall be irrevocable and binding on the Borrower. 

(e) Administrative Agent Reliance. Unless the Administrative Agent shall have received notice from a Lender before the date of any
Revolving Borrowing that such Lender will not make available to the Administrative Agent such Lender’s applicable pro rata share of any Borrowing, the Administrative Agent may assume that such Lender has made its applicable pro rata share of
such Borrowing available to the Administrative Agent on the date of such Borrowing in accordance with Section 2.4(a), and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower on such date a
corresponding amount. If and to the extent that such Lender shall not have so made its applicable pro rata share of such Borrowing available to the Administrative Agent, such Lender and the Borrower severally agree to immediately repay to the
Administrative Agent on demand such corresponding amount, together with interest on such amount, for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the Administrative Agent, at
(i) in the case of the Borrower, the interest rate applicable on such day to Advances comprising such Borrowing and (ii) in the case of such Lender, the lesser of (A) the Federal Funds Rate for such day and (B) the Maximum Rate.
If such Lender shall repay to the Administrative Agent such corresponding amount and interest as provided above, such corresponding amount so repaid shall constitute such Lender’s Advance as part of such Borrowing for purposes of this Agreement
even though not made on the same day as the other Advances comprising such Borrowing. 
 Section 2.5 Prepayments. 

(a) Right to Prepay. The Borrower shall have no right to prepay any principal amount of any Advance except as provided in this
Section 2.5. 
 (b) Optional. The Borrower may elect to prepay any of the Advances without penalty or premium except as set
forth in Section 2.10 and after giving by 11:00 a.m. (Houston, Texas time) (i) in the case of LIBOR Advances, at least three Business Days’ or (ii) in case of Base Rate Advances, one Business Day’s prior written notice
to the Administrative Agent stating the proposed date and aggregate principal amount of such prepayment. If any such notice is given, the Borrower shall prepay Advances comprising part of the same Borrowing in whole or ratably in part in an
aggregate principal amount equal to the amount specified in such notice, together with accrued interest to the date of such prepayment on the principal amount prepaid and amounts, if any, required to be paid pursuant to Section 2.10 as a
result of such prepayment being made on such date; provided that (A) each optional prepayment of LIBOR Advances shall be in a minimum amount not less than $200,000 and in multiple integrals of $100,000 in excess thereof, (B) each
optional prepayment of Base Rate Advances shall be in a minimum amount not less than $100,000 and in multiple integrals of $100,000 in excess thereof and (C) each optional prepayment of Swing Line Advances shall have no minimum requirement. If
an AutoBorrow Agreement is in effect, each prepayment of Swing Line Advances shall be made as provided in such AutoBorrow Agreement. 
 (c)
Mandatory. 
 (i) If the Borrower or any Subsidiary receives Debt Incurrence Proceeds other than those resulting from
Permitted Debt, then not later than two Business Days following the receipt of such proceeds, the Borrower shall prepay the Tranche B Advances in an amount equal to 100% of such Debt Incurrence Proceeds. 

  
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 (ii) If the Borrower or any Subsidiary completes a Disposition which is not a
Permitted Disposition, then the Borrower shall, no later than three Business Days following the completion of such Disposition and in an amount equal to 100% of the Net Cash Proceeds generated from such Disposition first prepay the
outstanding principal amount of the Tranche B Term Advances in the inverse order of maturity until such time as the Tranche B Term Advances are repaid in full, second prepay the outstanding principal amount of the Swing Line Advances until
such time as such Advances are repaid in full, third prepay the outstanding principal amount of the Revolving Tranche A Advances until such time as such Advances are repaid in full and fourth make deposits with the Administrative Agent
into the Cash Collateral Account to provide Cash Collateral in the amount of such excess for the Letter of Credit Exposure. 

(iii) If the Borrower or any Subsidiary receives any Extraordinary Receipts (whether from a single Casualty Event or related
series of Casualty Events and whether as one payment or a series of payments) in excess of $250,000 in the aggregate since the Amendment No. 7 Effective Date, then the Borrower shall, no later than five Business Days following the receipt of
such excess Extraordinary Receipts and in an amount equal to 100% of the amount of such excess Extraordinary Receipts, first prepay the outstanding principal amount of the Tranche B Term Advances in the inverse order of maturity until such
time as the Tranche B Term Advances are repaid in full, second prepay the outstanding principal amount of the Swing Line Advances until such Advances are repaid in full, third prepay the outstanding principal amount of the Revolving
Tranche A Advances until such Advances are repaid in full and fourth make deposits with the Administrative Agent into the Cash Collateral Account to provide Cash Collateral in the amount of such excess for the Letter of Credit Exposure;
provided that, (A) if no Default exists or would arise therefrom, then such excess Extraordinary Receipts shall not be required to be so applied on such date to the extent that Borrower shall have delivered a certificate by a Responsible
Officer of the Borrower to the Administrative Agent on or prior to such date stating that such Extraordinary Receipts are reasonably expected to be reinvested in fixed or capital assets of any Credit Party within 180 days following the date the
Borrower or such Subsidiary received such Extraordinary Receipts (which officer’s certificate shall set forth the estimates of the amounts to be so expended); (B) if all or any portion of such Extraordinary Receipts are not reinvested
within such 180-day period as provided in clause (A) above, then 100% of such unused portion shall be applied on the last day of such period in such order as provided under the first through fourth clauses above; and (C) if an Event of
Default exists and such Extraordinary Receipts are insurance proceeds, the Borrower shall turn such proceeds over to the Administrative Agent in accordance with Section 5.3(d). 

(iv) Upon the consummation of any Specified Disposition of any assets of Falcon constituting Inventory or Equipment, the
Borrower shall, not later than one Business Day following the receipt of Net Cash Proceeds from such Disposition, prepay any Banking Services Obligations of Falcon owed to a Banking Services Provider until such Banking Services Obligations are
repaid in full. 
 (v) Upon the consummation of any Specified Disposition of any assets of Falcon constituting real property
and fixtures and improvements to such real property, the Borrower shall, not later than one Business Day following the receipt of Net Cash Proceeds from such Disposition, first prepay the outstanding principal amount of the Tranche B Term
Advances in the inverse order of maturity until such time as the Tranche B Term Advances are repaid in full, second prepay the outstanding principal amount of the Swing Line Advances until such Advances are repaid in full, third prepay
the outstanding principal amount of the Revolving Tranche A Advances until such Advances are repaid in full and fourth make deposits with the Administrative Agent into the Cash Collateral Account to provide Cash Collateral in the amount of
such excess for the Letter of Credit Exposure. 

  
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 (vi) Upon the consummation of any Specified Disposition of bauxite Inventory of
Borrower set forth on Schedule 6.8(c), the Borrower may retain 50% of the Net Cash Proceeds from such Disposition and with respect to the other 50% of the remainder of such Net Cash Proceeds, the Borrower shall, not later than one Business Day
following the receipt of Net Cash Proceeds from such Disposition, first prepay the outstanding principal amount of the Tranche B Term Advances in the inverse order of maturity until such time as the Tranche B Term Advances are repaid in full,
second prepay the outstanding principal amount of the Swing Line Advances until such Advances are repaid in full, third prepay the outstanding principal amount of the Revolving Tranche A Advances until such Advances are repaid in full
and fourth make deposits with the Administrative Agent into the Cash Collateral Account to provide Cash Collateral in the amount of such excess for the Letter of Credit Exposure. 

(d) Interest; Costs. Each prepayment pursuant to this Section 2.5 shall be accompanied by accrued interest on the amount prepaid
to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 as a result of such prepayment being made on such date. 

Section 2.6 Repayment. 

(a) Advances. The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of and ratable benefit of
each Lender (i) the aggregate outstanding principal amount of all Advances on the Maturity Date and (ii) the aggregate outstanding principal amount of the Tranche B Term Advances in quarterly installments due and payable on each
March 31st, June 30th, September 30th and December 31st, in the amounts and on the dates set forth below: 
  

			
	 Amount:
	  	 Quarterly Payment Dates:

	$3,033,000	  	June 30, 2016
	$3,033,000	  	September 30, 2016
	$3,033,000	  	December 31, 2016
	$3,250,000	  	March 31, 2017
	$3,250,000	  	June 30, 2017
	$3,250,000	  	September 30, 2017
	$3,250,000	  	December 31, 2017
	$3,250,000	  	March 31, 2018
	$3,250,000	  	June 30, 2018
	$3,250,000	  	September 30, 2018
	$3,250,000	  	December 31, 2018

 For the avoidance of doubt, the unpaid principal balance of the Tranche B Term Advances shall be due and
payable on the Maturity Date. 
 (b) Swing Line Advances. Each Swing Line Advance shall be paid in full on the Swing Line Payment
Date. 
 Section 2.7 Fees. 

(a) Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a Commitment Fee on the
average daily amount by which (i) such Lender’s 

  
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Revolving Commitment exceeds (ii) the sum of such Lender’s outstanding Revolving Advances plus such Lender’s Revolving Pro Rata Share of the Letter of Credit Exposure, at the rate
equal to the Applicable Margin for Commitment Fees for such period; provided that, no Commitment Fee shall accrue on the Revolving Commitment of a Defaulting Lender during the period such Lender remains a Defaulting Lender. The Commitment Fee
is due quarterly in arrears on March 31, June 30, September 30, and December 31 of each year commencing on March 31, 2010, and on the Maturity Date. For purposes of this Section 2.7(a) only, amounts advanced
under the Swing Line Note shall not reduce the amount of the unused Revolving Commitment. 
 (b) Fees for Letters of Credit. The
Borrower agrees to pay the following: 
 (i) To the Administrative Agent for the pro rata benefit of the Lenders a per annum
letter of credit fee for each Letter of Credit issued hereunder, for the period such Letter of Credit is to be outstanding, in an amount equal to the greater of (A) four percent (4.00%) per annum on the face amount of such Letter of
Credit, and (B) $600 per Letter of Credit. Such fee shall be due and payable quarterly in arrears on March 31, June 30, September 30, and December 31 of each year, and on the Maturity Date. 

(ii) To the Issuing Lender, a fronting fee for each Letter of Credit equal to the greater of (A) 0.250% per annum on
the face amount of such Letter of Credit and (B) $600. Such fee shall be due and payable in advance on the date of the issuance of the Letter of Credit, and, in the case of an increase or extension only, on the date of such increase or such
extension. 
 (iii) To the Administrative Agent for the pro rata benefit of the Lenders such additional per annum letter of
credit fee for each commercial Letter of Credit issued hereunder, for the period such Letter of Credit is to be outstanding, in an amount agreed to between the Borrower and the Issuing Lender in writing. Such fee shall be due and payable quarterly
in arrears on March 31, June 30, September 30, and December 31 of each year, and on the Maturity Date. 

(iv) To the Issuing Lender, an additional fronting fee for each commercial Letter of Credit equal an amount agreed to between
the Borrower and the Issuing Lender. Such fee shall be due and payable in advance on the date of the issuance of the Letter of Credit in writing, and, in the case of an increase or extension only, on the date of such increase or such extension. 

(v) To the Issuing Lender such other usual and customary fees associated with any transfers, amendments, drawings, negotiations
or reissuances of any Letters of Credit. Such fees shall be due and payable as requested by the Issuing Lender in accordance with the Issuing Lender’s then current fee policy. 

The Borrower shall have no right to any refund of letter of credit fees previously paid by the Borrower, including any refund claimed because any Letter of
Credit is canceled prior to its expiration date. 
 (c) Other Fee. The Borrower agrees to pay the fees to the Administrative Agent as
set forth in the Fee Letter. 
 Section 2.8 Interest. 

(a) Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus
the Applicable Margin for Base Rate Advances for such period, provided that while an Event of Default is continuing the Base Rate Advances shall bear interest at the 

  
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Adjusted Base Rate in effect from time to time plus the Applicable Margin plus 2%. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued
but unpaid interest on such Lender’s Base Rate Advances on each March 31, June 30, September 30, and December 31 commencing on March 31, 2010, and on the Maturity Date. The Swing Line Advances shall bear
interest only at the Adjusted Base Rate plus the Applicable Margin for Base Rate Advances or such other per annum rate to be agreed to between the Borrower and the Swing Line Lender; provided that while an Event of Default is continuing the
Swing Line Advances shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances plus 2%. 

(b) LIBOR Advances. Each LIBOR Advance shall bear interest during its Interest Period equal to at all times the LIBO Rate for such
Interest Period plus the Applicable Margin for LIBOR Advances for such period; provided that while an Event of Default is continuing, each LIBOR Advance shall bear interest at the LIBO Rate in effect from time to time plus the
Applicable Margin plus 2%. The Borrower shall pay to the Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on each of such Lender’s LIBOR Advances on the last day of the Interest Period therefor
(provided that for LIBOR Advances with six month Interest Periods, accrued but unpaid interest shall also be due on the day three months from the first day of such Interest Period), on the date any LIBOR Advance is repaid, and on the Maturity Date.

 (c) Retroactive Adjustments of Applicable Margin. In the event that any financial statement or Compliance Certificate delivered
pursuant to Section 5.2 is shown to be inaccurate (regardless of whether this Agreement or the Revolving Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a
higher Applicable Margin for any period then in effect (an “Applicable Period”) than the Applicable Margin applied for such Applicable Period, then (i) the Borrower shall immediately deliver to the Administrative Agent a
corrected Compliance Certificate for such Applicable Period, (ii) the Applicable Margin shall be determined as if the higher Applicable Margin then in effect that would have applied were applicable for such Applicable Period (and in any event
at Level III if the inaccuracy was the result of dishonesty, fraud or willful misconduct), and (iii) the Borrower shall immediately, without further action by the Administrative Agent, any Lender or the Issuing Lender, pay to the Administrative
Agent for the account of the applicable Lenders, the accrued additional interest owing as a result of such increased Applicable Margin for such Applicable Period. This Section 2.8(c) shall not limit the rights of the Administrative Agent and
Lenders with respect to the default rate of interest as set forth in Section 2.8(a) and Section 2.8(b) and Article 7. The Borrower’s obligations under this Section 2.8(c) shall survive the termination of the Revolving Commitments
and the repayment of all other Obligations hereunder. 
 Section 2.9 Illegality. If any Lender shall notify the Borrower that
the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or that any central bank or other governmental authority asserts that it is unlawful, for such Lender or its applicable Lending Office to
perform its obligations under this Agreement to make, maintain, or fund any LIBOR Advances of such Lender then outstanding hereunder, (a) the Borrower shall, no later than 11:00 a.m. (Houston, Texas, time) (i) if not prohibited by law, on
the last day of the Interest Period for each outstanding LIBOR Advance or (ii) if required by such notice, on the second Business Day following its receipt of such notice, prepay all of the LIBOR Advances of such Lender then outstanding,
together with accrued interest on the principal amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 as a result of such prepayment being made on such date, (b) such Lender shall
simultaneously make a Base Rate Advance to the Borrower on such date in an amount equal to the aggregate principal amount of the LIBOR Advances prepaid to such Lender, and (c) the right of the Borrower to select LIBOR Advances from such Lender
for any subsequent Borrowing shall be suspended until such Lender shall notify the Borrower that the circumstances causing such suspension no longer exist. Each Lender agrees to use commercially reasonable efforts (consistent with its internal
policies and 

  
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legal and regulatory restrictions) to designate a different Lending Office if the making of such designation would avoid the effect of this paragraph and would not, in the reasonable judgment of
such Lender, be otherwise disadvantageous to such Lender. 
 Section 2.10 Breakage Costs. Upon demand of any Lender (with a copy
to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 

(a) any continuation, conversion, payment or prepayment (including any deemed payment or repayment and any reallocated repayment to
non-defaulting Lenders provided for in Section 2.12(a)) of any Advance other than a Base Rate Advance on a day other than the last day of the Interest Period for such Advance (whether voluntary, mandatory, automatic, by reason of acceleration,
or otherwise); 
 (b) any failure by the Borrower (for a reason other than the failure of such Lender to make an Advance) to prepay, borrow,
continue or convert any Advance other than a Base Rate Advance on the date or in the amount notified by the Borrower; or 
 (c) any
assignment of an LIBO Rate Advance on a day other than the last day of the Interest Period therefor as a result of a request by the Borrower pursuant to Section 2.14; 

including any loss of anticipated profits, any foreign exchange losses and any loss or expense arising from the liquidation or reemployment of funds obtained
by it to maintain such Advance, from fees payable to terminate the deposits from which such funds were obtained or from the performance of any foreign exchange contract. The Borrower shall also pay any customary administrative fees charged by such
Lender in connection with the foregoing. For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 2.10, the requesting Lender shall be deemed to have funded the LIBO Rate Advances made by it at the LIBO Base
Rate used in determining the LIBO Rate for such Advance by a matching deposit or other borrowing in the offshore interbank market for Dollars for a comparable amount and for a comparable period, whether or not such LIBO Rate Advance was in fact so
funded. 
 Section 2.11 Increased Costs. 

(a) LIBOR Advances. If any Change in Law shall: 

(i) impose, modify, or deem applicable any reserve, special deposit, assessment, or similar requirement (other than by way of
imposition or increase of reserve requirements included in the LIBO Rate Reserve Percentage) relating to any extensions of credit or other assets of, or any deposits with or other liabilities or commitments of, financial institutions generally,
including such Lender (or its applicable Lending Office), including the Revolving Commitments of such Lender hereunder; or 

(ii) impose on financial institutions generally, including such Lender (or its applicable Lending Office), or on the London
interbank market any other condition affecting this Agreement or its Notes or any of such extensions of credit or liabilities or commitments; 
 and the
result of any of the foregoing is to increase the cost to such Lender (or its applicable Lending Office) of making, Converting into, continuing, or maintaining any LIBOR Advances or to reduce any sum received or receivable by such Lender (or its
applicable Lending Office) under this Agreement or its Notes with respect to any LIBOR Advances, then the Borrower shall pay to such Lender within three Business Days after written demand made by such Lender such amount or amounts as such Lender
determines in good faith to be necessary to compensate such Lender for such increased cost or reduction. 

  
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 (b) Capital Adequacy. If, after the Effective Date, any Lender or the Issuing Lender shall
have determined that any Change in Law affecting such Lender or Issuing Lender or any lending office of such Lender or such Lender’s or Issuing Lender’s holding company, if any, regarding capital requirements has or would have the effect
of reducing the rate of return on the capital of financial institutions generally, including such Lender or the Issuing Lender or any corporation controlling such Lender or the Issuing Lender, as a consequence of such Lender’s or the Issuing
Lender’s obligations hereunder to a level below that which such Lender or the Issuing Lender or such corporation could have achieved but for such Change in Law (taking into consideration its policies with respect to capital adequacy), then from
time to time within three Business Days after written demand by such Lender or the Issuing Lender, as the case may be, the Borrower shall pay to such Lender or the Issuing Lender such additional amount or amounts as such Lender determines in good
faith to be necessary to compensate such Lender or the Issuing Lender for such reduction. 
 (c) Mitigation. Each Lender shall
promptly notify the Borrower and the Administrative Agent of any event of which it has knowledge, occurring after the Effective Date, which will entitle such Lender to compensation pursuant to this Section 2.11 and will designate a different
Lending Office if such designation will avoid the need for, or reduce the amount of, such compensation and will not, in the reasonable judgment of such Lender, be otherwise disadvantageous to it. Any Lender claiming compensation under this
Section 2.11 shall furnish to the Borrower and the Administrative Agent a statement setting forth the additional amount or amounts to be paid to it hereunder which shall be determined by such Lender in good faith and which shall be conclusive
in the absence of manifest error. In determining such amount, such Lender may use any reasonable averaging and attribution methods. 
 (d)
Delay in Requests. Failure or delay on the part of any Lender or Issuing Lender to demand compensation pursuant to this Section 2.11 shall not constitute a waiver of such Lender’s or such Issuing Lender’s right to demand such
compensation, provided that the Borrower shall not be required to compensate a Lender or Issuing Lender pursuant to this Section 2.11 for any increased costs incurred or reductions suffered more than one year prior to the date that such
Lender or Issuing Lender, as the case may be, notifies the Borrower and the Administrative Agent of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or Issuing Lender’s intention to claim
compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the one-year period referred to above shall be extended to include the period of retroactive effect thereof). 

Section 2.12 Payments and Computations. 

(a) Payments. All payments of principal, interest, and other amounts to be made by the Borrower under this Agreement and other Credit
Documents shall be made to the Administrative Agent in Dollars and in immediately available funds, without setoff, deduction, or counterclaim; provided that, the Borrower may setoff amounts owing to any Lender that is at such time a Defaulting
Lender against Advances that such Defaulting Lender failed to the fund to the Borrower under this Agreement (the “Unfunded Advances”) so long as (i) the Borrower shall have delivered prior written notice of such setoff to the
Administrative Agent and such Defaulting Lender, (ii) the Advances made by the non-defaulting Lenders as part of the original Borrowing to which the Unfunded Advances applied shall still be outstanding, (iii) if such Defaulting Lender
failed to fund Advances under more than one Borrowing, such setoff shall be applied in a manner satisfactory to the Administrative Agent, and (iv) upon the application of such setoff, the Unfunded Advances shall be deemed to have been made by
such Defaulting Lender on the effective date of such setoff. 
 (b) Payment Procedures. The Borrower shall make each payment under
this Agreement and under the Notes not later than 11:00 a.m. (Houston, Texas time) on the day when due in Dollars to the 

  
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Administrative Agent at the location referred to in the Notes (or such other location as the Administrative Agent shall designate in writing to the Borrower) in same day funds. The Administrative
Agent will promptly thereafter, and in any event prior to the close of business on the day any timely payment is made, cause to be distributed like funds relating to the payment of principal, interest or fees ratably (other than amounts payable
solely to the Administrative Agent or a specific Lender pursuant to Sections 2.9, 2.10, 2.11, 2.13, 2.14, and 9.2 but after taking into account payments effected pursuant to Section 9.1) in accordance with each Lender’s applicable pro rata
share to the Lenders for the account of their respective applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its applicable Lending Office, in each case to be
applied in accordance with the terms of this Agreement. Upon receipt of other amounts due solely to the Administrative Agent, the Issuing Lender, the Swing Line Lender, or a specific Lender, the Administrative Agent shall distribute such amounts to
the appropriate party to be applied in accordance with the terms of this Agreement. 
 (c)
Non-Business Day Payments. Whenever any payment shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time
shall in such case be included in the computation of payment of interest or fees, as the case may be; provided that if such extension would cause payment of interest on or principal of LIBOR Advances to be made in the next following calendar
month, such payment shall be made on the next preceding Business Day. 
 (d) Computations. All computations of interest for Base Rate
Advances shall be made by the Administrative Agent on the basis of a year of 365/366 days (other than based on the Daily One-Month LIBOR) and all computations of all other interest and fees shall be made by the Administrative agent on the basis of a
year of 360 days, in each case for the actual number of days (including the first day, but excluding the last day) occurring in the period for which such interest or fees are payable. Each determination by the Administrative Agent of an amount of
interest or fees shall be conclusive and binding for all purposes, absent manifest error. 
 (e) Sharing of Payments, Etc. If any
Lender shall obtain any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) on account of the Advances made by it in excess of its ratable share of payments on
account of the Advances or Letter of Credit Obligations obtained by the Lenders (other than as a result of a termination of a Defaulting Lender’s Revolving Commitment under Section 2.1(b)(ii), the setoff right of the Borrower under clause
(a) above, or the non-pro rata application of payments provided in the last sentence of this clause (e)), such Lender shall notify the other Lenders and forthwith purchase from the other Lenders such participations in the Advances made by it or
the Letter of Credit Obligations held by it as shall be necessary to cause such purchasing Lender to share the excess payment ratably with the other Lenders; provided that if all or any portion of such excess payment is thereafter recovered
from such purchasing Lender, such purchase from the other Lenders shall be rescinded and each such Lender shall repay to the purchasing Lender the purchase price to the extent of such Lender’s ratable share, but without interest. The Borrower
agrees that any Lender so purchasing a participation from another Lender pursuant to this Section 2.12(e) may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of
set-off) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation. If a Lender fails to fund a Revolving Advance with respect
to a Borrowing as and when required hereunder and the Borrower subsequently makes a repayment of any Revolving Advances, then, after taking into account any setoffs made pursuant to Section 2.12(a) above, such payment shall be applied among the
non-defaulting Lenders ratably in accordance with their respective Revolving Commitment percentages until each Lender (including any Lender that is at such time a Defaulting Lender) has its percentage of all of the outstanding Revolving Advances and
the balance of such repayment shall be applied among the Lenders in accordance with their Revolving Pro Rata Share. 

  
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 Section 2.13 Taxes. 

(a) No Deduction for Certain Taxes. Any and all payments by any Credit Party under any of the Credit Documents to the Administrative
Agent, the Issuing Lender, or a Lender shall be made, in accordance with Section 2.12, free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges, or withholdings, and all liabilities
with respect thereto, excluding, in the case of the Administrative Agent, the Issuing Lender, or a Lender, (i) taxes imposed on its income and franchise (or margin) taxes imposed on it by the jurisdiction (or any political subdivision thereof)
under (A) the laws of which (or under the laws of a political subdivision of which) the Administrative Agent, the Issuing Lender, or such Lender is organized or in which its principal executive office is located, (B) in the case of each
Lender, the laws of which (or under the laws of a political subdivision of which) such Lender’s applicable Lending Office is located, and (C) the laws of the State of Texas; and (ii) any taxes imposed by the United States of America
by means of withholding at the source, if and to the extent such United States withholding taxes are in effect on the date a Lender becomes a Lender hereunder (all such nonexcluded taxes, levies, imposts, deductions, charges, withholdings, and
liabilities being hereinafter referred to as “Taxes”). Except as provided in Section 2.13(f), if the Borrower shall be required by law to deduct any Taxes from or in respect of any sum payable to the Administrative Agent, the
Issuing Lender, or any Lender, (i) the sum payable shall be increased as may be necessary so that, after making all required deductions (including deductions applicable to additional sums payable under this Section 2.13), such Lender
receives an amount equal to the sum it would have received had no such deductions been made; (ii) the Borrower shall make such deductions; and (iii) the Borrower shall pay the full amount deducted to the relevant Governmental Authority or
other authority in accordance with applicable law. 
 (b) Other Taxes. In addition, except as provided in Section 2.13(f), the
Borrower agrees to pay any present or future stamp or documentary taxes or any other excise or property taxes, charges, or similar levies which arise from any payment made under any Credit Document or from the execution, delivery, or registration
of, or otherwise with respect to, this Agreement, the Notes, or the other Credit Documents (hereinafter referred to as “Other Taxes”). 

(c) Indemnification. EXCEPT AS PROVIDED IN SECTION 2.13(F), THE BORROWER INDEMNIFIES EACH LENDER, THE ISSUING LENDER, AND THE
ADMINISTRATIVE AGENT FOR THE FULL AMOUNT OF TAXES OR OTHER TAXES (INCLUDING, WITHOUT LIMITATION, ANY TAXES OR OTHER TAXES IMPOSED ON AMOUNTS PAYABLE UNDER THIS SECTION 2.13) PAID BY SUCH LENDER, THE ISSUING LENDER, OR THE ADMINISTRATIVE AGENT (AS
THE CASE MAY BE) AND ANY LIABILITY (INCLUDING INTEREST AND EXPENSES) ARISING THEREFROM OR WITH RESPECT THERETO, WHETHER OR NOT SUCH TAXES OR OTHER TAXES WERE CORRECTLY OR LEGALLY ASSERTED. 

(d) Evidence of Tax Payments. As soon as practicable after any payment of Taxes or Other Taxes by any Credit Party to a Governmental
Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of any receipt issued by such Governmental Authority evidencing such payment. 

(e) Foreign Lender Withholding Exemption. Each Lender that is not incorporated under the laws of the United States of America or a
state thereof and that is entitled to an exemption from United States withholding tax with respect to payments under this Agreement under applicable law or any treaty to which the United States is a party shall deliver to the Borrower (with a copy
to the Administrative Agent), at the time or times prescribed by applicable law, such properly completed and executed documentation (including Internal Revenue Service Forms W-8BEN or W-8ECI) prescribed by applicable law or reasonably requested by
the Borrower as will permit such payments to be made without withholding. 

  
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 (f) Failure to Provide Forms. For any period with respect to which a Lender has failed to
provide the Borrower or the Administrative Agent with the appropriate forms referred to in this Section 2.13 (unless such failure is due to a change in treaty, law or regulation occurring after the date on which such Lender becomes a Lender
hereunder), such Lender shall not be entitled to indemnification or payment under Section 2.13(a), (b), or (c) with respect to Taxes imposed by the United States; provided that if a Lender, that is otherwise exempt from or subject
to a reduced rate of withholding tax, becomes subject to Taxes because of its failure to deliver a form required hereunder, the Borrower shall take such steps as such Lender shall reasonably request, and at the expenses of such Lender, to assist
such Lender to recover such Taxes. 
 (g) Mitigation. Each Lender shall use reasonable efforts (consistent with its internal policies
and legal and regulatory restrictions) to select a jurisdiction for its applicable Lending Office or change the jurisdiction of its applicable Lending Office, as the case may be, so as to avoid the imposition of any Taxes or Other Taxes or to
eliminate or reduce the payment of any additional sums under this Section 2.13; provided, that no such selection or change of jurisdiction for its applicable Lending Office shall be made if, in the reasonable judgment of such Lender, such
selection or change would be disadvantageous to such Lender. 
 (h) Tax Credits and Refunds. If the Administrative Agent, any Lender
or the Issuing Lender determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to
this Section, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such
refund), net of all out-of-pocket expenses of the Administrative Agent, such Lender or the Issuing Lender, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund),
provided that the Borrower, upon the request of the Administrative Agent, such Lender or the Issuing Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant
Governmental Authority) to the Administrative Agent, such Lender or the Issuing Lender in the event the Administrative Agent, such Lender or the Issuing Lender is required to repay such refund to such Governmental Authority. This subsection shall
not be construed to require the Administrative Agent, any Lender or the Issuing Lender to make available its tax returns (or any other information relating to its taxes that it deems confidential) to any Borrower or any other Person. 

(i) Payment. If the Administrative Agent or any Lender becomes entitled to receive payment of Taxes, Other Taxes or additional sums
pursuant to this Section 2.13, it shall give notice and demand thereof to the Borrower, and the Borrower (unless the Administrative Agent or Lender shall withdraw such notice and demand or the Borrower is not obligated to pay such amounts)
shall pay such Taxes, Other Taxes or additional sums within 30 days after the Borrower’s receipt of such notice and demand. 

Section 2.14 Replacement of Lenders. If (a) the Borrower is required pursuant to Section 2.11 or 2.13 to make any
additional payment to any Lender, (b) any Lender’s obligation to make or continue, or to convert Base Rate Advances into, LIBOR Advances shall be suspended pursuant to 2.4(c)(iii) or 2.9, or (c) any Lender is a Defaulting Lender or a
Potential Defaulting Lender (any such Lender described in any of the preceding clauses (a) – (c), being a “Subject Lender”), then (i) in the case of a Defaulting Lender or a Potential Defaulting Lender, the
Administrative Agent may, upon notice to the Subject Lender and the Borrower, require such Subject Lender to assign and delegate, without recourse (in 

  
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accordance with and subject to the restrictions contained in, and consents required by, Section 9.7), all of its interests, rights and obligations under this Agreement and the related Credit
Documents as a Lender to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment) and (ii) in the case of any Subject Lender, including a Potential Defaulting Lender,
the Borrower may, upon notice to the Subject Lender and the Administrative Agent and at the Borrower’s sole cost and expense, require such Subject Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in, and consents required by, Section 9.7), all of its interests, rights and obligations under this Agreement and the related Credit Documents to an Eligible Assignee that shall assume such obligations (which assignee may
be another Lender, if a Lender accepts such assignment), provided that, in any event 
 (A) as to assignments requested by
the Borrower, the Borrower shall have paid to the Administrative Agent the assignment fee specified in Section 9.7; 

(B) such Subject Lender shall have received payment of an amount equal to the outstanding principal of its applicable Advances
and participations in outstanding Letter of Credit Obligations, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Credit Documents (including any amounts under Section 2.10) from the
assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 

(C) in the case of any such assignment resulting from a claim for compensation under Section 2.13, such assignment will
result in a reduction in such compensation or payments thereafter; and 
 (D) such assignment does not conflict with
applicable Legal Requirements. 
 A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver
by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. Solely for purposes of effecting any assignment involving a Defaulting Lender under this Section 2.14 and to the
extent permitted under applicable Legal Requirements, each Lender hereby designates and appoints the Administrative Agent as true and lawful agent and attorney-in-fact, with full power and authority, for and on behalf of and in the name of such
Lender to execute, acknowledge and deliver the Assignment and Acceptance required hereunder if such Lender is a Defaulting Lender and such Lender shall be bound thereby as fully and effectively as if such Lender had personally executed, acknowledged
and delivered the same. In lieu of the Borrower or the Administrative Agent replacing a Defaulting Lender as provided in this Section 2.14, the Borrower may terminate such Defaulting Lender’s Revolving Commitment as provided in Section
2.1(b)(ii). 
 Section 2.15 Defaulting Lender Cure. If the Borrower, the Administrative Agent, and the Issuing Lender
agree in writing in their discretion that a Lender that is a Defaulting Lender or a Potential Defaulting Lender should no longer be deemed to be a Defaulting Lender or Potential Defaulting Lender, as the case may be, the Administrative Agent will so
notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, such Lender will, to the extent applicable, purchase such portion of outstanding Advances of the other Lenders
and/or make such other adjustments as the Administrative Agent may determine to be necessary to cause the Advances and Letter of Credit Exposure of the Lenders to be on a pro rata basis in accordance with their respective Revolving
Commitments, whereupon such Lender will cease to be a Defaulting Lender or Potential Defaulting Lender (and the Advances and Letter of Credit Exposure of each Lender will automatically be adjusted on a prospective basis to reflect the foregoing);
provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while such 

  
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Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no cessation hereunder as being a Defaulting Lender or
Potential Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender or Potential Defaulting Lender. 

ARTICLE 3 
 CONDITIONS
OF EFFECTIVENESS 
 Section 3.1 Conditions to Effectiveness. This Agreement shall become effective upon satisfaction of the
following conditions precedent: 
 (a) Documentation. The Administrative Agent shall have received the following, duly executed by
all the parties thereto, in form and substance reasonably satisfactory to the Administrative Agent and the Lenders: 
 (i)
this Agreement and all attached Exhibits and Schedules and a Note payable to the order of each Lender; 
 (ii) certificates
of insurance in compliance with Section 5.3(b) of this Agreement; 
 (iii) a certificate from an authorized officer of
the Borrower dated as of the Effective Date stating that as of such date (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct and (B) no Default then exists; 

(iv) a secretary’s certificate from each Credit Party certifying such Credit Party’s (A) officers’
incumbency, (B) authorizing resolutions, (C) organizational documents, and (D) governmental approvals, if any, with respect to the Credit Documents to which the Borrower is a party; 

(v) certificates of good standing for each Credit Party in the state in which each such Person is incorporated or organized,
which certificates shall be dated a date not earlier than 30 days prior to the Effective Date; 
 (vi) a legal opinion of
Haynes and Boone, L.L.P. as outside counsel to the Credit Parties, in form and substance reasonably acceptable to the Administrative Agent; and 

(vii) such other documents, governmental certificates, agreements, and lien searches as the Administrative Agent or any Lender
may reasonably request. 
 (b) Consents; Authorization; Conflicts. The Borrower shall have received any consents, licenses and
approvals required in accordance with applicable law, or in accordance with any document, agreement, instrument or arrangement to which the Borrower, or any Subsidiary is a party, in connection with the execution, delivery, performance, validity and
enforceability of this Agreement and the other Credit Documents. In addition, the Borrower and the Subsidiaries shall have all such material consents, licenses and approvals required in connection with the continued operation of the Borrower and the
Subsidiaries, and such approvals shall be in full force and effect, and all applicable waiting periods shall have expired without any action being taken or threatened by any competent authority which would restrain, prevent or otherwise impose
adverse conditions on this Agreement and the actions contemplated hereby. 

  
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 (c) Representations and Warranties. The representations and warranties contained in
Article 4 and in each other Credit Document shall be true and correct on and as of the Effective Date before and after giving effect to the initial Borrowings or issuance (or deemed issuance) of Letters of Credit and to the application of the
proceeds from such Borrowing, as though made on and as of such date. 
 (d) Payment of Fees. The Borrower shall have paid the fees
and expenses required to be paid as of the Effective Date pursuant to Sections 2.7(c) and 9.1 or any other provision of a Credit Document. 

(e) Other Proceedings. No action, suit, investigation or other proceeding (including, without limitation, the enactment or promulgation
of a statute or rule) by or before any arbitrator or any Governmental Authority shall be pending or, to the knowledge of Borrower, threatened and no preliminary or permanent injunction or order by a state or federal court shall have been entered
(i) in connection with this Agreement, any other Credit Agreement or any transaction contemplated hereby or thereby or (ii) which, in any case, in the judgment of the Administrative Agent, could reasonably be expected to result in a
Material Adverse Change. 
 (f) Other Reports. The Administrative Agent shall have received, in form and substance reasonably
satisfactory to it, all environmental reports, and such other reports, audits or certifications as it may reasonably request, which reports the Administrative Agent acknowledges it has received as of the date of this Agreement. 

(g) Material Adverse Change. No event or circumstance that could reasonably be expected to result in a material adverse change in the
business, condition (financial or otherwise), prospects, or results of operations of the Borrower and its Subsidiaries, taken as a whole, shall have occurred since September 30, 2009. 

(h) No Default. No Default then exists. 

(i) Solvency. The Administrative Agent shall have received a certificate in form and substance reasonably satisfactory to the
Administrative Agent from a senior financial officer of the Borrower and each Guarantor certifying that, before and after giving effect to the initial Borrowings made hereunder on the Effective Date, the Borrower and each such other Guarantor is
Solvent (assuming with respect to each Guarantor, that the fraudulent conveyance savings language contained in the Guaranty applicable to such Guarantor will be given full effect). 

(j) Delivery of Financial Statements. The Administrative Agent shall have received true and correct copies of (i) the audited
financial statements for the fiscal year ended December 31, 2008 and (ii) the unaudited financial statements for the fiscal quarter ended September 30, 2009. 

(k) Due Diligence. The Administrative Agent shall have completed its business and legal due diligence and be satisfied with the results
thereof. 
 (l) USA Patriot Act. The Borrower has delivered to each Lender that is subject to the Patriot Act such information
requested by such Lender in order to comply with the Patriot Act. 

  
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 Section 3.2 Conditions Precedent to Each Borrowing and to Each Issuance, Extension or
Renewal of a Letter of Credit. The obligation of each Lender to make an Advance on the occasion of each Borrowing (including the initial Borrowing) and the obligation of the Issuing Lender to issue, increase, renew or extend a Letter of Credit
(including the deemed issuance of Letters of Credit) shall be subject to the further conditions precedent that on the date of such Borrowing or such issuance, increase, renewal or extension: 

(a) Representations and Warranties. As of the date of the making of any Advance or issuance, increase, renewal or extension of any
Letter of Credit, the representations and warranties made by any Credit Party or any officer of any Credit Party contained in the Credit Documents shall be true and correct in all material respects (except that such materiality qualifier shall not
be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) on such date, except that any representation and warranty which by its terms is made as of a specified date shall be
required to be true and correct only as of such specified date and each request for the making of any Advance or issuance, increase, renewal or extension of any Letter of Credit and the making of such Advance or the issuance, increase, renewal or
extension of such Letter of Credit shall be deemed to be a reaffirmation of such representations and warranties. 
 (b) Event of
Default. As of the date of the making of any Advance or issuance, increase, renewal or extension of any Letter of Credit, no Default or Event of Default shall exist, and the making of such Advance or issuance, increase, renewal or extension of
such Letter of Credit would not cause a Default or Event of Default. 
 (c) Payment in Full of Existing Debt. Prior to, or
concurrently with, the making of the initial Advances hereunder, all outstanding obligations owing under the Existing Debt shall have been paid in full and the Administrative Agent shall have received a “pay-off” letter (or such other
evidence) in form and substance reasonably satisfactory to the Administrative Agent with respect to all such Debt evidencing the termination of all commitments to lend under the respective loan documents; and the Administrative Agent shall have
received from any Person holding any Lien securing any such Debt, such UCC (or equivalent) termination statements, mortgage releases, releases of assignments of leases and rents, and other instruments, in each case in proper form for recording or
filing, as the Administrative Agent shall have reasonably requested to release and terminate of record the Liens securing such Debt. 

Section 3.3 Determinations Under Sections 3.1 and 3.2. For purposes of determining compliance with the conditions specified in
Sections 3.1 and 3.2, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders
unless an officer of the Administrative Agent responsible for the transactions contemplated by the Credit Documents shall have received written notice from such Lender prior to the Borrowings hereunder specifying its objection thereto and such
Lender shall not have made available to the Administrative Agent such Lender’s ratable portion of such Borrowings. 
 ARTICLE 4

 REPRESENTATIONS AND WARRANTIES 

Each Credit Party hereto represents and warrants as follows: 

Section 4.1 Organization. Each Credit Party is duly and validly organized and existing and in good standing under the laws of its
jurisdiction of incorporation or formation and is authorized to do business and is in good standing in all jurisdictions in which such qualifications or authorizations are necessary except where the failure to be so qualified or authorized could not
reasonably be expected to result in a Material Adverse Change. As of the Effective Date, each Credit Party’s type of organization and jurisdiction of incorporation or formation are set forth on Schedule 4.1. 

  
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 Section 4.2 Authorization. The execution, delivery, and performance by each Credit
Party of each Credit Document to which such Credit Party is a party and the consummation of the transactions contemplated thereby (a) are within such Credit Party’s powers, (b) have been duly authorized by all necessary corporate,
limited liability company or partnership action, (c) do not contravene any articles or certificate of incorporation or bylaws, partnership or limited liability company agreement binding on or affecting such Credit Party, (d) do not
contravene any law or any contractual restriction binding on or affecting such Credit Party, (e) do not result in or require the creation or imposition of any Lien prohibited by this Agreement, and (f) do not require any authorization or
approval or other action by, or any notice or filing with, any Governmental Authority. At the time of each Advance or the issuance, renewal, extension or increase of each Letter of Credit, such Advance and the use of the proceeds of such Advance or
the issuance, renewal, extension or increase of such Letter of Credit are within the Borrower’s corporate power, have been duly authorized by all necessary action, do not contravene (i) the Borrower’s certificate or articles of
incorporation or bylaws, or (ii) any Legal Requirement or any material contractual restriction binding on or affecting the Borrower, will not result in or require the creation or imposition of any Lien prohibited by this Agreement, and do not
require any authorization or approval or other action by, or any notice or filing with, any Governmental Authority. 
 Section 4.3
Enforceability. The Credit Documents have each been duly executed and delivered by each Credit Party that is a party thereto and each Credit Document constitutes the legal, valid, and binding obligation of each Credit Party that is a party
thereto enforceable against such Credit Party in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws at the time in effect affecting the rights of creditors generally and by
general principles of equity whether applied by a court of law or equity. 
 Section 4.4 Financial Condition. 

(a) The Borrower has delivered to the Administrative Agent the unaudited financial statements for the Borrower and its Subsidiaries dated as
of September 30, 2009 for the fiscal quarter ending thereon. The financial statements referred to in the preceding sentence have been prepared in accordance with GAAP and present fairly the consolidated financial condition of the aforementioned
Persons as of the respective dates thereof. As of the date of the aforementioned financial statements, there were no material contingent obligations, liabilities for taxes, unusual forward or long-term
commitments, or unrealized or anticipated losses of the applicable Persons, except as disclosed therein and adequate reserves for such items have been made in accordance with GAAP. 

(b) Since the Effective Date, after giving pro forma effect to all Advances made hereunder on the Effective Date, no event or condition has
occurred that could reasonably be expected to result in Material Adverse Change. 
 Section 4.5 Ownership and Liens; Real
Property. Each Credit Party (a) has good and defensible title to, or a valid and subsisting leasehold interest in, all real property, and good title to all personal Property, used in its business, and (b) none of the Property owned or
leased by the Borrower or a Subsidiary of the Borrower is subject to any Lien except Permitted Liens. 
 Section 4.6 True and
Complete Disclosure. All written factual information (whether delivered before or after the date of this Agreement) prepared by or on behalf of the Borrower and its Subsidiaries and furnished to the Administrative Agent or the Lenders for
purposes of or in connection with this Agreement, any other Credit Document or any transaction contemplated hereby or thereby does not contain any material misstatement of fact or omits to state any material fact necessary to make the statements
therein not misleading. There is no fact known to any officer of any Credit Party on the date of this Agreement that has not been disclosed to the Administrative Agent that could reasonably be 

  
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expected to result in a Material Adverse Change. All projections, estimates, budgets, and pro forma financial information furnished by the Borrower or any of its Subsidiaries (or on behalf of the
Borrower or any such Subsidiary), were prepared on the basis of assumptions, data, information, tests, or conditions (including current and reasonably foreseeable business conditions) believed to be reasonable at the time such projections,
estimates, and pro forma financial information were furnished. 
 Section 4.7 Litigation. Except as set forth in Schedule 4.7,
there are no actions, suits, or proceedings pending or, to any Credit Party’s knowledge, threatened against the Borrower or any Subsidiary, at law, in equity, or in admiralty, or by or before any Governmental Authority, which could reasonably
be expected to result in a Material Adverse Change. Additionally, except as disclosed in writing to the Administrative Agent and the Lenders, there is no pending or, to the knowledge of any Credit Party, threatened action or proceeding instituted
against the Borrower or any Subsidiary which seeks to adjudicate the Borrower or any Subsidiary as bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its
debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee or other similar official for it or for any substantial part of its
Property. 
 Section 4.8 Compliance with Agreements. 

(a) Neither the Borrower nor any of its Subsidiaries is a party to any indenture, loan or credit agreement or any lease or any other types of
agreement or instrument or subject to any charter or corporate restriction or provision of applicable law or governmental regulation the performance of or compliance with which could reasonably be expected to cause a Material Adverse Change. Neither
the Borrower nor any of its Subsidiaries is in default under or with respect to any contract, agreement, lease or any other types of agreement or instrument to which the Borrower or such Subsidiary is a party and which could reasonably be expected
to cause a Material Adverse Change. To the best knowledge of the Credit Parties, neither the Borrower nor any of its Subsidiaries is in default under, or has received a notice of default under, any contract, agreement, lease or any other document or
instrument to which the Borrower or its Subsidiaries is a party which is continuing and which, if not cured, could reasonably be expected to cause a Material Adverse Change. 

(b) No Default has occurred and is continuing. 

Section 4.9 Pension Plans. (a) Except for matters that could not reasonably be expected to result in a Material Adverse
Change, all Plans are in compliance with all applicable provisions of ERISA, (b) no Termination Event has occurred with respect to any Plan that would result in an Event of Default under Section 7.1(i), and, except for matters that could
not reasonably be expected to result in a Material Adverse Change, each Plan has complied with and been administered in accordance with applicable provisions of ERISA and the Code, (c) no “accumulated funding deficiency” (as defined
in Section 302 of ERISA) has occurred, and for plan years after December 31, 2007, no unpaid minimum required contribution exists, and there has been no excise tax imposed under Section 4971 of the Code, (d) to the knowledge of
Credit Parties, no Reportable Event has occurred with respect to any Multiemployer Plan, and each Multiemployer Plan has complied with and been administered in accordance with applicable provisions of ERISA and the Code in all material respects,
(e) the present value of all benefits vested under each Plan (based on the assumptions used to fund such Plan) did not, as of the last annual valuation date applicable thereto, exceed the value of the assets of such Plan allocable to such
vested benefits in an amount that could reasonably be expected to result in a Material Adverse Change, (f) neither the Borrower nor any member of the Controlled Group has had a complete or partial withdrawal from any Multiemployer Plan for
which there is any unsatisfied withdrawal liability that could reasonably be expected to result in a Material Adverse Change or an Event of Default under Section 7.1(i), and (g)

  
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except for matters that could not reasonably result in a Material Adverse Change, as of the most recent valuation date applicable thereto, neither the Borrower nor any member of the Controlled
Group would become subject to any liability under ERISA if the Borrower or any Subsidiary has received notice that any Multiemployer Plan is insolvent or in reorganization. Based upon GAAP existing as of the date of this Agreement and current
factual circumstances, no Credit Party has any reason to believe that the annual cost during the term of this Agreement to the Borrower or any Subsidiary for post-retirement benefits to be provided to the current and former employees of the Borrower
or any Subsidiary under Plans that are welfare benefit plans (as defined in Section 3(1) of ERISA) could, in the aggregate, reasonably be expected to cause a Material Adverse Change. 

Section 4.10 Environmental Condition. 

(a) Permits, Etc. Except as set forth on Schedule 4.10 hereto, each Credit Party (i) has obtained all material Environmental
Permits necessary for the ownership and operation of its Properties and the conduct of its businesses; (ii) is in material compliance with all terms and conditions of such Permits and with all other material requirements of applicable
Environmental Laws; (iii) has not received written notice of any material violation or alleged material violation of any Environmental Law or Environmental Permit that has not been resolved; and (iv) is not subject to any actual or
contingent Environmental Claim which could reasonably be expected to cause a Material Adverse Change. 
 (b) Certain Liabilities. To
the Credit Parties’ best knowledge, none of the present or previously owned or operated Property of any Credit Party or of any Subsidiary thereof, wherever located, (i) has been placed on or proposed to be placed on the National Priorities
List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation,
cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned
or operated by any Credit Party, wherever located, which could reasonably be expected to cause a Material Adverse Change; or (iii) has been the site of any Release of Hazardous Substances or Hazardous Wastes from present or past operations
which has caused at the site or at any third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response that could cause a Material Adverse Change. 

(c) Certain Actions. Without limiting the foregoing, (i) all necessary material notices have been properly filed, and no further
action is required under current applicable Environmental Law as to each Response undertaken by the Borrower, any of its Subsidiaries or any of the Borrower’s or such Subsidiary’s former Subsidiaries on any of their presently or formerly
owned or operated Property and (ii) to the Credit Parties’ knowledge, the present and future liability, if any, of the Borrower or of any Subsidiary which could reasonably be expected to arise in connection with requirements under
Environmental Laws will not result in a Material Adverse Change. 
 Section 4.11 Subsidiaries. As of the Effective Date, the
Borrower has no Subsidiaries other than those listed on Schedule 4.11. Each Material Domestic Subsidiary of the Borrower (including any such Material Domestic Subsidiary formed or acquired subsequent to the Effective Date) has complied with the
requirements of Section 5.6. 
 Section 4.12 Investment Company Act. Neither the Borrower nor any Subsidiary is an
“investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended. Neither the Borrower nor any Subsidiary is subject to regulation under any
Federal or state statute, regulation or other Legal Requirement which limits its ability to incur Debt. 

  
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 Section 4.13 Taxes. To the extent that failure to do so could reasonably, either
individually or in the aggregate, be expected to result in a Material Adverse Change, proper and accurate (in all material respects), federal, state, local and foreign tax returns, reports and statements required to be filed (after giving effect to
any extension granted in the time for filing) by the Borrower and each Subsidiary or any member of the Affiliated Group as determined under Section 1504 of the Code (hereafter collectively called the “Tax Group”) have been
filed with the appropriate Governmental Authorities, and all taxes (which are material in amount) and other impositions due and payable have been timely paid prior to the date on which any fine, penalty, interest, late charge or loss may be added
thereto for non-payment thereof except where contested in good faith and by appropriate proceeding. Neither the Borrower nor any member of the Tax Group has given, or been requested to give, a waiver of the statute of limitations relating to the
payment of any federal, state, local or foreign taxes or other impositions. None of the Property owned by the Borrower or any other member of the Tax Group is Property which the Borrower or any member of the Tax Group is required to treat as being
owned by any other Person pursuant to the provisions of Section 168(f)(8) of the Code. Proper and accurate amounts have been withheld by the Borrower and all other members of the Tax Group from their employees for all periods to comply in all
material respects with the tax, social security and unemployment withholding provisions of applicable federal, state, local and foreign law. 

Section 4.14 Permits, Licenses, etc. Each of the Borrower and its Subsidiaries possesses all permits, licenses, patents, patent
rights or licenses, trademarks, trademark rights, trade names rights, and copyrights which are material to the conduct of its business. Each of the Borrower and its Subsidiaries manages and operates its business in accordance with all applicable
Legal Requirements except where the failure to so manage or operate could not reasonably be expected to result in a Material Adverse Change; provided that this Section 4.14 does not apply with respect to Environmental Permits or Legal
Requirements of Environmental Law. 
 Section 4.15 Use of Proceeds. The proceeds of the Advances will be used by the Borrower
for the purposes described in Section 6.6. No Credit Party is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U). No proceeds of any Advance will be used
to purchase or carry any margin stock in violation of Regulation T, U or X. 
 Section 4.16 Condition of Property;
Casualties. The material Properties used or to be used in the continuing operations of the Borrower and each Subsidiary, are in good working order and condition, normal wear and tear excepted. Neither the business nor the material Properties of
the Borrower or any Subsidiary has been affected as a result of any fire, explosion, earthquake, flood, drought, windstorm, accident, strike or other labor disturbance, embargo, requisition or taking of Property or cancellation of contracts, permits
or concessions by a Governmental Authority, riot, activities of armed forces or acts of God or of any public enemy, which effect could reasonably be expected to cause a Material Adverse Change. 

Section 4.17 Insurance. The Borrower and its Subsidiaries carry insurance (which may be carried by the Borrower on a consolidated
basis) with reputable insurers in respect of such of their respective Properties, in such amounts and against such risks as is customarily maintained by other Persons of similar size engaged in similar businesses or,
self-insure to the extent that is customary for Persons of similar size engaged in similar businesses. 

Section 4.18 Compliance with Laws. The Borrower will, and will cause each of the Subsidiaries to, comply with all laws, rules,
regulations and orders of any Governmental Authority applicable to them or their Property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Change; provided that,
this Section 4.18 shall not apply with respect to any requirement under Environmental Laws. 

  
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 Section 4.19 Security Interest. As of the Amendment No. 4 Effective Date, each
Credit Party has authorized, or hereby authorizes, the filing of financing statements sufficient when filed to perfect the Lien created by the Security Documents. When such financing statements are filed in the offices noted therein, the
Administrative Agent will have a valid and perfected security interest in all Collateral that is capable of being perfected by filing financing statements under Article 9 of the UCC. 

Section 4.20 FCPA; Sanctions. 

(a) None of the Borrower or any of its Subsidiaries nor, to the knowledge of the Borrower, any director, officer, agent, employee or other
person acting on behalf of the Borrower or any of its Subsidiaries has taken any action, directly or indirectly, that would result in a violation in any material respect by such persons of the Foreign Corrupt Practices Act of 1977, as amended, and
the rules and regulations thereunder (the “FCPA”) or any other applicable Anti-Corruption Law; and the Credit Parties have instituted and maintain policies and procedures designed to promote and achieve continued compliance
therewith. 
 (b) None of the Borrower, any of its Subsidiaries or any director, officer, employee, or, to the knowledge of Borrower, agent,
or affiliate of the Borrower or any of its Subsidiaries is an individual or entity that is, or is owned or controlled by Persons that are: (i) the target of any sanctions administered or enforced by the U.S. Department of the Treasury’s
Office of Foreign Assets Control (“OFAC”), the U.S. Department of State, the United Nations Security Council, the European Union, or Her Majesty’s Treasury (collectively, “Sanctions”), or (ii) located,
organized or resident in a country or territory that is, or whose government is, the subject of Sanctions, including, without limitation currently, Cuba, Iran, North Korea, Sudan and Syria). 

(c) No Revolving Advance or Letter of Credit, use of proceeds thereof or other transaction contemplated by this Agreement will violate any
Anti-Corruption Law or applicable Sanctions. 
 ARTICLE 5 

AFFIRMATIVE COVENANTS 
 So
long as any Obligation shall remain unpaid, any Lender shall have any Revolving Commitment hereunder, or there shall exist any Letter of Credit Exposure, each Credit Party agrees to comply with the following covenants. 

Section 5.1 Organization. Each Credit Party shall, and shall cause each of its respective Subsidiaries to, preserve and maintain
its partnership, limited liability company or corporate existence, rights, franchises and privileges in the jurisdiction of its organization, and qualify and remain qualified as a foreign business entity in each jurisdiction in which qualification
is necessary or desirable in view of its business and operations or the ownership of its Properties and where failure to qualify could reasonably be expected to cause a Material Adverse Change; provided, however, that nothing herein contained
shall prevent any transaction permitted by Section 6.7 or Section 6.8. 
 Section 5.2 Reporting. 

(a) Annual Financial Reports. The Borrower shall provide, or shall cause to be provided, to the Administrative Agent, as soon as
available, but in any event within 90 days after the end of each fiscal year of the Borrower (commencing with the fiscal year ending December 31, 2009), a consolidated and consolidating balance sheet of the Borrower and its Subsidiaries
(excluding, in the case of Foreign Subsidiaries, consolidating balance sheets) as at the end of such fiscal year, and the related consolidated 

  
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and consolidating statements of income or operations, shareholders’ equity and cash flow for such fiscal year (excluding (i) consolidating cash flow and (ii) in the case of Foreign
Subsidiaries, consolidating statements of income or operations, shareholders’ equity and cash flow), setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance
with GAAP, such consolidated statements to be audited and accompanied by a report and opinion of an independent certified public accountant of nationally recognized standing reasonably acceptable to the Administrative Agent, which report and opinion
shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit, and such
consolidating statements to be certified by the chief executive officer, chief financial officer, treasurer or controller of the Borrower to the effect that such statements are fairly stated in all material respects when considered in relation to
the consolidated financial statements of the Borrower and its Subsidiaries. 
 (b) Quarterly Financials. The Borrower shall provide,
or shall cause to be provided, to the Administrative Agent, as soon as available, but in any event within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower (commencing with the fiscal quarter ended
March 31, 2010), a consolidated and consolidating balance sheet of the Borrower and its Subsidiaries (excluding, in the case of Foreign Subsidiaries, consolidating balance sheets) as at the end of such fiscal quarter, and the related
consolidated and consolidating statements of income or operations, shareholders’ equity and cash flow for such fiscal quarter and for the portion of the Borrower’s fiscal year then ended (excluding (i) consolidating cash flow and
(ii) in the case of Foreign Subsidiaries, consolidating statements of income or operations, shareholders’ equity and cash flow), setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the
previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail, such consolidated statements to be certified by the chief executive officer, chief financial officer, treasurer or controller of the Borrower
as fairly presenting the financial condition, results of operations, shareholders’ equity and cash flow of the Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes
and such consolidating statements to be certified by the chief executive officer, chief financial officer, treasurer or controller of the Borrower to the effect that such statements are fairly stated in all material respects when considered in
relation to the consolidated financial statements of the Borrower and its Subsidiaries. 
 (c) Compliance Certificate. Concurrently
with the delivery of the financial statements referred to in Section 5.2(a) and (b) above, the Borrower shall provide to the Administrative Agent a duly completed Compliance Certificate signed by the chief executive officer, chief
financial officer, treasurer or controller of the Borrower. 
 (d) Monthly Financials; Consolidated Cash Balance. As soon as
available and in any event within 30 days after the end of each calendar month (commencing with the calendar month of February, 2016 (other than as set forth in clause (iii) below)), the Borrower shall provide, or shall cause to be provided, to
the Administrative Agent, (i) a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such calendar month, and the related consolidated and consolidating statements of income or operations, shareholders’ equity
and cash flow for such calendar month and for the portion of the Borrower’s fiscal year then ended (excluding (i) consolidating cash flow and (ii) in the case of Foreign Subsidiaries, consolidating statements of income or operations,
shareholders’ equity and cash flow), setting forth in each case in comparative form the figures for the corresponding month of the previous fiscal year, all in reasonable detail acceptable to the Administrative Agent (and otherwise consistent
with the scope and detail of the monthly financial statements historically prepared by the Borrower), such consolidated financial statements to be certified by the chief executive officer, chief financial officer, treasurer or controller of the
Borrower as fairly presenting the financial condition, and shareholders’ equity of the Borrower and its Subsidiaries, subject to customary quarterly close-out and 

  
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year-end audit adjustments and the absence of footnotes, and such consolidating statements to be certified by the chief executive officer, chief financial officer, treasurer or controller of the
Borrower to the effect that such statements are fairly stated in all material respects when considered in relation to the consolidated financial statements of the Borrower and its Subsidiaries; and (ii) commencing with the calendar month of
August, 2016, a Compliance Certificate with a calculation of the Consolidated Cash Balance as of the end of such calendar month. 
 (e)
Annual Budget. As soon as available and in any event within 30 days after the end of each fiscal year of the Borrower, the Borrower shall provide to the Administrative Agent an annual budget to include an income statement, balance sheet, cash
flow statement and capital spending forecast for the immediately following fiscal year and in reasonable detail. 
 (f) Defaults. The
Credit Parties shall provide to the Administrative Agent promptly, but in any event within five (5) Business Days after the occurrence thereof, a notice of each Default or Event of Default known to the Borrower or to any of its Subsidiaries,
together with a statement of an officer of the Borrower setting forth the details of such Default or Event of Default and the actions which the Credit Parties have taken and proposes to take with respect thereto. 

(g) Other Creditors. The Credit Parties shall provide to the Administrative Agent promptly after the giving or receipt thereof, copies
of any default notices given or received by the Borrower or by any of its Subsidiaries pursuant to the terms of any indenture, loan agreement, credit agreement, or similar agreement. 

(h) Litigation. The Credit Parties shall provide to the Administrative Agent promptly after the commencement thereof, notice of all
actions, suits, and proceedings before any Governmental Authority, affecting the Borrower or any of its Subsidiaries that could reasonably be expected to result in a Material Adverse Change. 

(i) Environmental Notices. Promptly upon, and in any event no later than 15 days after, the receipt thereof, or the acquisition of
knowledge thereof, by any Credit Party, the Credit Parties shall provide the Administrative Agent with a copy of any form of request, claim, complaint, order, notice, summons or citation received from any Governmental Authority or any other Person,
(i) concerning violations or alleged violations of Environmental Laws, which seeks to impose liability therefore in excess of $2,000,000, (ii) concerning any action or omission on the part of any of the Credit Parties or any of their
former Subsidiaries in connection with Hazardous Waste or Hazardous Substances which could reasonably result in the imposition of liability in excess of $2,000,000 or requiring that action be taken to respond to or clean up a Release of Hazardous
Substances or Hazardous Waste into the environment and such action or clean-up could reasonably be expected to exceed $2,000,000, including without limitation any information request related to, or notice of, potential responsibility under CERCLA,
or (iii) concerning the filing of a Lien arising under Environmental Law upon, against or in connection with the Borrower, any Subsidiary, or any of their respective former Subsidiaries, or any of their leased or owned Property, wherever
located. 
 (j) Material Changes. The Credit Parties shall provide to the Administrative Agent prompt written notice of any condition
or event of which the Borrower or any of its Subsidiaries has knowledge, which condition or event has resulted or may reasonably be expected to result in (i) a Material Adverse Change or (ii) a breach of or noncompliance with any material
term, condition, or covenant of any material contract to which the Borrower or any of its Subsidiaries is a party or by which their Properties may be bound which breach or noncompliance could reasonably be expected to result in a Material Adverse
Change. 

  
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 (k) Termination Events. As soon as possible and in any event (i) within 30 days after
the Borrower or any member of the Controlled Group knows or has reason to know that any Termination Event described in clause (a) of the definition of Termination Event with respect to any Plan has occurred, and (ii) within 10 days after
the Borrower or any member of the Controlled Group knows or has reason to know that any other Termination Event with respect to any Plan has occurred, the Credit Parties shall provide to the Administrative Agent a statement of an authorized officer
of the Borrower describing such Termination Event and the action, if any, which the Borrower or any Affiliate of the Borrower proposes to take with respect thereto; 

(l) Termination of Plans. Promptly and in any event within seven (7) Business Days after receipt thereof by the Borrower or any
member of the Controlled Group from the PBGC, the Credit Parties shall provide to the Administrative Agent copies of each notice received by the Borrower or any such member of the Controlled Group of the PBGC’s intention to terminate any Plan
or to have a trustee appointed to administer any Plan; 
 (m) Other ERISA Notices. Promptly and in any event within seven
(7) Business Days after receipt thereof by the Borrower or any member of the Controlled Group from a Multiemployer Plan sponsor, the Credit Parties shall provide to the Administrative Agent a copy of each notice received by the Borrower or any
member of the Controlled Group concerning the imposition or amount of withdrawal liability imposed on the Borrower or any member of the Controlled Group pursuant to Section 4202 of ERISA; 

(n) Other Governmental Notices. Promptly and in any event within five Business Days after receipt thereof by the Borrower or any
Subsidiary, the Credit Parties shall provide to the Administrative Agent a copy of any notice, summons, citation, or proceeding seeking to modify in any material respect, revoke, or suspend any material contract, license, permit, or agreement with
any Governmental Authority; 
 (o) Disputes; etc. The Credit Parties shall provide to the Administrative Agent prompt written notice
of any claims, legal or arbitration proceedings, proceedings before any Governmental Authority, or disputes, or to the knowledge of any Credit Party, any such actions threatened, or affecting the Borrower or any Subsidiary, which, if adversely
determined, could reasonably be expected to cause a Material Adverse Change, or any material labor controversy of which the Borrower or any of its Subsidiaries has knowledge resulting in or reasonably considered to be likely to result in a strike
against the Borrower or any Subsidiary; 
 (p) Securities Law Filings and other Public Information. Promptly after the same are
available, the Credit Parties shall provide to the Administrative Agent copies of each annual report, proxy or financial statement or other report or communication sent to the stockholders of the Borrower, and copies of all annual, regular, periodic
and special reports and registration statements which the Borrower may file or be required to file with the SEC under Section 13 or 15(d) of the Exchange Act or any other securities Governmental Authority, and not otherwise required to be
delivered to the Administrative Agent pursuant hereto (provided that a notice and link posted to the Borrower’s main company website of any such document or information shall be deemed a satisfaction of the covenant in this clause (o). 

(q) Other Information. Subject to the confidentiality provisions of Section 9.8, the Credit Parties shall provide to the
Administrative Agent such other information respecting the business, operations, or Property of the Borrower or any Subsidiary, financial or otherwise, as any Lender through the Administrative Agent may reasonably request. 

  
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 (r) Accounting Changes. No Credit Party shall make a change in the method of accounting
employed in the preparation of the financial statements referred to in Section 4.4 or change the fiscal year end of the Borrower unless required to conform to GAAP or approved in writing by the Administrative Agent. 

Section 5.3 Insurance. 

(a) Each Credit Party shall, and shall cause each of its Subsidiaries to, carry insurance in such amounts and against such risks as is
customarily maintained by other Persons of similar size engaged in similar businesses and with sound and reputable insurers. 
 (b)
Certificates of all insurance policies covering the property or business of the Credit Parties, and the renewals thereof, shall be delivered by Borrower to the Administrative Agent. All certificates of insurance shall set forth the coverage, the
limits of liability, the name of the carrier, the policy number, and the period of coverage. All such policies shall contain a provision that notwithstanding any contrary agreements between the Borrower, its Subsidiaries, and the applicable
insurance company, such policies will not be canceled or allowed to lapse without renewal without at least 30 days’ prior written notice to the Administrative Agent. All policies of property insurance with respect to the Collateral either shall
have attached thereto a lender’s loss payable endorsement in favor of the Administrative Agent for its benefit and the ratable benefit of the Secured Parties or name the Administrative Agent as loss payee for its benefit and the ratable benefit
of the Secured Parties, in either case, in form reasonably satisfactory to the Administrative Agent, and all policies of liability insurance shall name the Administrative Agent for its benefit and the ratable benefit of the Secured Parties as an
additional insured and shall provide for a waiver of subrogation in favor of the Administrative Agent for its benefit and the ratable benefit of the Secured Parties. All such policies shall contain a provision that notwithstanding any contrary
agreements between the Borrower, its Subsidiaries, and the applicable insurance company, such policies will not be canceled or allowed to lapse without renewal without at least 30 days’ (or 10 days’ with respect to cancellation due to any
failure to pay premiums or other amounts due under such policies, or, in either case, such shorter period as may be accepted by the Administrative Agent) prior written notice to the Administrative Agent. 

(c) If at any time the area in which any real Property constituting Collateral (to the extent any “buildings” or “mobile
home” (as defined in Regulation H of the Federal Reserve Board) is situated on real Property) is located is designated a “flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any
successor agency), the Borrower shall, and shall cause each other Credit Party to, obtain flood insurance in such total amount as required by Regulation H of the Federal Reserve Board, as from time to time in effect and all official rulings and
interpretations thereunder or thereof, and otherwise comply with the National Flood Insurance Program as set forth in the Flood Disaster Protection Act of 1973, as it may be amended from time to time. 

Section 5.4 Compliance with Laws. Each Credit Party shall, and shall cause each of its Subsidiaries to, comply with all federal,
state, and local laws and regulations (including Environmental Laws) which are applicable to the operations and Property of any Credit Party and maintain all related permits necessary for the ownership and operation of each Credit Party’s
Property and business, except in any case where the failure to so comply could not reasonably be expected to result in a Material Adverse Change. 

Section 5.5 Taxes. Each Credit Party shall, and shall cause each of its Subsidiaries to pay and discharge all material taxes,
assessments, and other charges and claims related thereto imposed on the Borrower or any of its Subsidiaries prior to the date on which penalties attach other than any tax, assessment, charge, or claims which is being contested in good faith and for
which adequate reserves have been established in compliance with GAAP. 

  
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 Section 5.6 Material Domestic Subsidiaries. The Borrower shall cause each Material
Domestic Subsidiary, whether existing on the Effective Date or created or acquired after the Effective Date, to, within 30 days of creation or acquisition (or such later date as the Administrative Agent shall agree), to execute and deliver to the
Administrative Agent a joinder to the Guaranty or otherwise deliver a Guaranty, in any event, in form and substance satisfactory to the Administrative Agent. Furthermore, if, as of any fiscal quarter end, the Non-Material Domestic Subsidiaries
collectively (a) have operating income equal to or greater than 10% of the Borrower’s consolidated operating income for the four fiscal quarter period then ended, or (b) have a total book value of total assets equal to or greater than
10% of the Borrower’s consolidated book value of total assets, in either case under clause (a) or (b), as established in accordance with GAAP and as reflected in the financial statements covering such fiscal quarter and delivered to the
Administrative Agent pursuant hereto, then, within 30 days of delivery of such financial statements and the accompanying Compliance Certificate required under Section 5.2(c) above, the Borrower shall cause such Non-Material Domestic
Subsidiaries to execute and deliver to the Administrative Agent a joinder to the Guaranty or otherwise deliver a Guaranty, in any event, in form and substance satisfactory to the Administrative Agent, but only to the extent necessary in order to
result in (i) operating income of all Non-Material Domestic Subsidiaries that are not Guarantors to be less than 10% of the Borrower’s consolidated operating income for the four fiscal quarter period then ended, and (ii) total book
value of total assets of all Non-Material Domestic Subsidiaries that are not Guarantors to be less than 10% of the Borrower’s consolidated book value of total assets, in either case under clause (i) or (ii), as established in accordance
with GAAP and as reflected in the financial statements covering such fiscal quarter and delivered to the Administrative Agent pursuant hereto. Furthermore, concurrently with the delivery of each financial statement as required in Sections 5.2(a) and
(b) and the accompanying Compliance Certificate required under Section 5.2(c), the Borrower may request that the Administrative Agent release, and within 30 days of such request, the Administrative Agent shall release, any Domestic
Subsidiary from its Guaranty as requested by the Borrower, so long as no Default then exists and after giving effect to such release, the Borrower is in compliance with this Section 5.6. For the avoidance of doubt, no Foreign Subsidiary shall
be required to become a Guarantor hereunder. 
 Section 5.7 Records; Inspection. Each Credit Party shall, and shall cause each
of its Subsidiaries to maintain proper, complete and consistent, in all material respects, books of record with respect to such Person’s operations, affairs, and financial condition. From time to time upon reasonable prior notice, each Credit
Party shall permit any Lender and shall cause each of its Subsidiaries to permit any Lender, at such reasonable times and intervals and to a reasonable extent and under the reasonable guidance of officers of or employees delegated by officers of
such Credit Party or such Subsidiary, to, subject to any applicable confidentiality considerations, examine and copy the books and records of such Credit Party or such Subsidiary, to visit and inspect the Property of such Credit Party or such
Subsidiary, and to discuss the business operations and Property of such Credit Party or such Subsidiary with the officers and directors thereof. 

Section 5.8 Maintenance of Property. Each Credit Party shall, and shall cause each of its Subsidiaries to, maintain its owned,
leased, or operated Property in good condition and repair, normal wear and tear excepted; and shall abstain from, and cause each of its Subsidiaries to abstain from, knowingly or willfully permitting the commission of waste or other injury,
destruction, or loss of natural resources, or the occurrence of pollution, contamination, or any other condition in, on or about the owned or operated Property involving the Environment that could reasonably be expected to result in Response
activities and that could reasonably be expected to cause a Material Adverse Change. 

  
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 Section 5.9 Security. 

(a) Each Credit Party agrees that at all times before the termination of this Agreement, payment in full of the Obligations, the termination
and return of all Letters of Credit (other than Letters of Credit as to which arrangements satisfactory to the Issuing Lender in its sole discretion have been made) and termination in full of the Commitments, the Administrative Agent shall have an
Acceptable Security Interest in the Collateral to secure the performance and payment of the Secured Obligations. Each Credit Party shall, and shall cause each of its Subsidiaries to, promptly grant to the Administrative Agent a Lien in any Property
of such Credit Party or such Subsidiary now owned or hereafter acquired (other than leased real property unless otherwise requested by the Administrative Agent) and to take such actions as may be required under the Security Documents to ensure that
the Administrative Agent has an Acceptable Security Interest in such Collateral. 
 (b) Notwithstanding the generality of the foregoing
Section 5.9(a), (i) the Credit Parties shall deliver to the Administrative Agent within 14 days after the Amendment No. 7 Effective Date fully executed control agreement(s) covering each of the deposit accounts of the Credit Parties
held with Wells Fargo Bank, National Association as required under Section 6.20 of the Credit Agreement, (ii) the Credit Parties shall deliver to the Administrative Agent within 30 days after the Amendment No. 7 Effective Date (or
such later date as may be agreed by the Administrative Agent in its sole discretion) stock certificates representing sixty-five percent (65%) of the outstanding Voting Securities issued by such Credit Parties’ Foreign Subsidiaries,
together with duly executed undated blank stock powers, or other equivalent instruments of transfer reasonably acceptable to the Administrative Agent and (iii) with respect to each real property set forth on Schedule 5.9(b), the Credit
Parties shall provide the following to the Administrative Agent within 120 days after the Amendment No. 7 Effective Date (or such later date as may be agreed by the Administrative Agent in its sole discretion): 

(i) fully executed Mortgages covering such real property; 

(ii) if applicable, flood determination certificates and, if applicable, flood insurance as required under
Section 5.3(c) above; 
 (iii) satisfactory Lien searches from the counties in which such real property is
located and, if necessary, releases for Liens reflected thereon that are not Permitted Liens; 
 (iv) a favorable opinion of
counsel for the Credit Parties in form and substance reasonably satisfactory to the Administrative Agent related to such Mortgage; and 

(v) with respect to each Mortgage, a mortgagee policy of title insurance or marked unconditional binder of title insurance,
fully paid for by the Borrower, insuring such Mortgage as a valid first priority Lien on the Property described therein in favor of Administrative Agent, free of all Liens other than the Permitted Liens, and otherwise reasonably acceptable to the
Administrative Agent, which policy of title insurance shall be issued by any other nationally recognized title insurance company, reflecting a coverage amount agreed upon by the Administrative Agent and such title company not to exceed the fair
market value of such Property; it being understood that (A) such mortgagee policy title insurance shall have been issued at the Borrower’s expense and (B) shall contain such customary endorsements as may be reasonably required by the
Administrative Agent. 
 Section 5.10 Further Assurances; Cure of Title Defects. Each Credit Party shall, and shall cause each
Subsidiary to, cure promptly any defects in the execution and delivery of the Credit Documents. The Credit Parties hereby authorize the Administrative Agent to file any financing statements to the extent permitted by applicable Legal Requirements in
order to perfect or maintain the 

  
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perfection of any security interest granted under any of the Credit Documents. Each Credit Party at its expense will, and will cause each Subsidiary to, promptly execute and deliver to the
Administrative Agent upon reasonable request by the Administrative Agent all such other documents, agreements and instruments to comply with or accomplish the covenants and agreements of any Credit Party or Subsidiary, as the case may be, in the
Credit Documents, or to further evidence and more fully describe the collateral intended as security for the Secured Obligations, or to correct any omissions in the Security Documents, or to state more fully the security obligations set out herein
or in any of the Security Documents, or to perfect, protect or preserve any Liens created pursuant to any of the Security Documents, or to make any recordings, to file any notices or obtain any consents, all as may be necessary or appropriate in
connection therewith or to enable the Administrative Agent to exercise and enforce its rights and remedies with respect to any Collateral. 

Section 5.11 FCPA; Sanctions. The Borrower will maintain in effect policies and procedures designed to promote compliance by the
Borrower, its Subsidiaries, and their respective directors, officers, employees, and agents with the FCPA and any other applicable Anti-Corruption Laws and all applicable Sanctions. 

Section 5.12 Certificates of Title. The Borrower shall, and shall cause each Subsidiary to, deliver, within 120 days (or such
longer period as the Administrative Agent may determine in its sole discretion) after Amendment No. 7 Effective Date, the original certificate of title for the equipment set forth on Schedule 5.12 hereto naming a Credit Party as the owner and
naming the Administrative Agent as the holder of the first lien thereon. 
 Section 5.13 Appraisal Reports; Field Exams. 

(a) Appraisal Reports. Within 60 days after request thereof by the Administrative Agent, the Borrower shall deliver or caused to be
delivered to the Administrative Agent, (i) a written appraisal conducted at the Borrower’s sole cost and expense by an industry recognized third party appraiser reasonably acceptable to the Administrative Agent stating, among other things,
a detailed OLV for machinery, parts, equipment and other fixed assets, of the Borrower and its Domestic Subsidiaries, together with a specified procedures letter from such appraiser satisfactory to the Administrative Agent in its sole but reasonable
discretion; provided that, if no Event of Default has occurred and is continuing (A) the Administrative Agent shall perform no more than three appraisals during the period from the Amendment No. 7 Effective Date until the Maturity
Date and (B) only two such appraisals shall be at the Borrower’s sole cost and expense; and (ii) a written appraisal of the Borrower’s and its Domestic Subsidiaries’ real property conducted at the Borrower’s sole cost
and expense by a third party independent appraiser reasonably acceptable to the Administrative Agent and otherwise in compliance with the requirements of the Federal Institutions Reform, Recovery and Enforcement Act of 1989, or any successor
thereto, stating the fair market value of such real property; provided that, if no Event of Default has occurred and is continuing (A) the Administrative Agent shall perform no more than three appraisals during the period from the
Amendment No. 7 Effective Date until the Maturity Date and (B) only two such appraisals shall be at the Borrower’s sole cost and expense; 

(b) Field Exams. The Borrower shall, and shall cause each of its Subsidiaries to, permit the Administrative Agent to, at any reasonable
time and upon reasonable prior notice, and from time to time upon request by the Administrative Agent with reasonable notice, perform a field exam of the Properties of the Borrower and its Domestic Subsidiaries, including an inspection and review of
the books and records of the Credit Parties; provided that, if no Event of Default has occurred and is continuing (i) the Administrative Agent shall perform no more than three field exams during the period from the Amendment No. 7
Effective Date until the Maturity Date and (ii) only two such field exams shall be at the Borrower’s sole cost and expense. 

  
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 (c) Default; Beneficiary. If an Event of Default has occurred and is continuing, the
Administrative Agent may perform, or cause to be performed, any additional appraisal reports and field exams, and all such reports and field exams shall be performed at the Borrower’s sole cost and expense. Notwithstanding anything herein to
the contrary, (i) no Credit Party nor any Affiliate thereof nor any of the foregoing’s respective equity holders are intended to, and no such Person shall be, third party beneficiaries of any appraisal reports, field exams or collateral
audit conducted by any Secured Party or any other Person at the direction of any Secured Party, (ii) no Secured Party is obligated to share any such material or information with any Person other than the directly intended and express
beneficiary thereof and (iii) as a condition to any disclosure of such material or information which a Secured Party may, but is not obligated to, provide, the applicable Secured Party may require that the Borrower execute and deliver a
confidential, non-reliance, or other disclosure agreement in form and substance acceptable to the disclosing Secured Party (which agreement would not go into effect until the delivery of the applicable audit, appraisal report or field exam). 

ARTICLE 6 
 NEGATIVE
COVENANTS 
 So long as any Obligation shall remain unpaid, any Lender shall have any Revolving Commitment hereunder, or there shall
exist any Letter of Credit Exposure, the Borrower agrees to comply with the following covenants. 
 Section 6.1 Debt. No Credit
Party shall, nor shall it permit any of its Subsidiaries to, create, assume, incur, suffer to exist, or in any manner become liable, directly, indirectly, or contingently in respect of, any Debt other than the following (collectively, the
“Permitted Debt”): 
 (a) the Obligations; 

(b) intercompany Debt incurred in the ordinary course of business owed by any Credit Party to any other Credit Party; provided that, if
applicable, such Debt as an investment is also permitted in Section 6.3; 
 (c) Debt in the form of accounts payable to trade creditors
for goods or services and current operating liabilities (other than for borrowed money) which in each case are not more than 90 days past due, in each case incurred in the ordinary course of business, as presently conducted, unless contested in good
faith and by appropriate proceedings; 
 (d) (i) purchase money indebtedness and Capital Leases in effect on the Effective Date and set
forth in Schedule 6.1 and (ii) such other purchase money indebtedness or Capital Leases incurred after the Effective Date; provided that, the aggregate outstanding principal amount of such purchase money indebtedness and Capital Leases
incurred after the Effective Date shall not exceed $5,000,000.00; 
 (e) Debt in the form of Qualified Equity Interests; 

(f) Debt in respect of Hedging Arrangements; 

(g) letters of credit issued by Wells Fargo Bank, National Association; 

(h) Debt incurred pursuant to one or more loan agreements between the Borrower and CARBO Ceramics (Eurasia) LLC, a company duly organized and
existing under the laws of Russia; 

  
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provided that (i) such Debt is unsecured, (ii) the aggregate principal amount of such Debt outstanding at any time shall not to exceed $6,000,000.00, and (iii) such Debt is
subordinated to the Debt under this Agreement and the other Credit Documents on terms reasonably acceptable to the Administrative Agent; and 

(i) without duplication, other unsecured subordinated Debt up to $25,000,000.00 in the aggregate principal amount outstanding at any time with
the written consent of the Majority Lenders, such consent not to be unreasonably withheld or delayed. 
 Section 6.2 Liens. No
Credit Party shall, nor shall it permit any of its Subsidiaries to, create, assume, incur, or suffer to exist any Lien on the Property of any Credit Party or any Subsidiary, whether now owned or hereafter acquired, or assign any right to receive any
income, other than the following (collectively, the “Permitted Liens”): 
 (a) Liens securing the Secured Obligations pursuant to
the Security Documents; 
 (b) Liens imposed by law, such as materialmen’s, mechanics’, carriers’, workmen’s,
landlords’ and repairmen’s liens, and other similar liens arising in the ordinary course of business securing obligations which are not overdue for a period of more than 30 days or are being contested in good faith by appropriate
procedures or proceedings and for which adequate reserves have been established; 
 (c) Liens arising in the ordinary course of business out
of pledges or deposits under workers compensation laws, unemployment insurance, old age pensions, or other social security or retirement benefits, or similar legislation to secure public or statutory obligations; 

(d) Liens for taxes, assessment, or other governmental charges which are not yet due and payable or which are being actively contested in good
faith by appropriate proceedings; 
 (e) Liens securing purchase money debt or Capital Lease obligations permitted under
Section 6.1(d); provided that each such Lien encumbers only the Property purchased in connection with the creation of any such purchase money debt or the subject of any such Capital Lease and the amount secured thereby is not increased;

 (f) Liens arising from precautionary UCC financing statements regarding operating leases to the extent such operating leases are
permitted hereby; 
 (g) encumbrances consisting of minor easements, zoning restrictions, or other restrictions on the use of real property
that do not (individually or in the aggregate) materially affect the value of the assets encumbered thereby or materially impair the ability of any Credit Party to use such assets in its business, and none of which is violated in any material aspect
by existing or proposed structures or land use; 
 (h) Liens arising solely by virtue of any statutory or common law provision relating to
banker’s liens, rights of set-off or similar rights and remedies and burdening only deposit accounts or other funds maintained with a depository institution; 

(i) Liens on cash or securities pledged to secure performance of tenders, surety and appeal bonds, government contracts, performance and
return of money bonds, bids, trade contracts, leases, statutory obligations, regulatory obligations and other obligations of a like nature incurred in the ordinary course of business; 

  
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 (j) judgment and attachment Liens not giving rise to an Event of Default, provided that
(i) any appropriate legal proceedings which may have been duly initiated for the review of such judgment shall not have been finally terminated or the period within which such proceeding may be initiated shall not have expired and (ii) no
action to enforce such Lien has been commenced; and 
 (k) Liens to secure the Debt permitted under Section 6.1(e). 

Section 6.3 Investments. No Credit Party shall, nor shall it permit any of its Subsidiaries to, make or hold any direct or
indirect investment in any Person, including capital contributions to the Person, investments in or the acquisition of the debt or equity securities of the Person, or any loans, guaranties, trade credit, or other extensions of credit to any Person,
other than the following (collectively, the “Permitted Investments”): 
 (a) investments in the form of trade credit to
customers of a Credit Party arising in the ordinary course of business and represented by accounts from such customers; 
 (b) Liquid
Investments; 
 (c) loans, advances, or capital contributions to, or investments in, or purchases or commitments to purchase any stock or
other securities or evidences of indebtedness of or interests in any Domestic Subsidiary that is not a Credit Party, including any travel advances or travel loans to officers and employees; provided that the aggregate amount of such loans,
advances, capital contributions, investments, purchases and commitments (other than appreciation) permitted under this clause (c) plus the aggregate amount of Acquisitions permitted under Section 6.4 shall not exceed the lesser of
(i) $20,000,000.00 and (ii) 5% of the Borrower’s Tangible Net Worth as set forth in the financial statements most recently delivered under Section 5.2; 

(d) loans and advances by a Credit Party to any other Credit Party; 

(e) investments in the form of Acquisitions permitted by Section 6.4; provided that, if such Acquisition is of an equity interest or
other securities in a Person (other than a Credit Party), such investments shall also be permitted under clause(c) above; 
 (f) creation of
any additional Subsidiaries domiciled in the U.S. in compliance with Section 5.6; 
 (g) the Jenkins Bonds; 

(h) the Wilkinson Bonds; and 

(i) loans, advances, or capital contributions to, or investments in, or purchases or commitments to purchase any stock or other securities or
evidences of indebtedness of or interests in any Foreign Subsidiary; provided that the aggregate amount of such loans, advances, capital contributions, investments, purchases and commitments (other than appreciation) permitted under this
clause (i) shall not exceed (i) prior to and including August 31, 2016, $2,000,000 and (ii) thereafter, $3,000,000 plus any unused amounts from clause (i). 

  
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 Section 6.4 Acquisitions. No Credit Party shall, nor shall it permit any of its
Subsidiaries to, make an Acquisition in a transaction or related series of transactions, unless agreed to in writing by the Majority Lenders. 

Section 6.5 Agreements Restricting Liens. No Credit Party shall, nor shall it permit any of its Subsidiaries to, create, incur,
assume or permit to exist any contract, agreement or understanding (other than this Agreement, the Credit Documents and agreements governing Debt permitted by Sections 6.1(d) and (e) to the extent such restrictions govern only the asset
financed pursuant to such Debt) which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Property, whether now owned or hereafter acquired, to secure the Obligations or restricts any
Subsidiary from paying Restricted Payments to the Borrower, or which requires the consent of or notice to other Persons in connection therewith. 

Section 6.6 Use of Proceeds; Use of Letters of Credit. No Credit Party shall, nor shall it permit any of its Subsidiaries to:
(a) use the proceeds of the Revolving Advances for any purposes other than (i) to refinance the advances and other obligations outstanding under the Existing Debt, (ii) working capital purposes of any Credit Party, and
(iii) other general corporate purposes of any Credit Party, including the payment of fees and expenses related to the entering into of this Agreement and the other Credit Documents; or (b) use the proceeds of the Swing Line Advances or the
Letters of Credit for any purposes other than (i) working capital purposes of any Credit Party and (ii) other general corporate purposes of any Credit Party. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly
or indirectly, use any part of the proceeds of Advances or Letters of Credit for any purpose which violates, or is inconsistent with, Regulations T, U, or X. No part of the proceeds of the Advances will be used, directly or indirectly, in
furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of the FCPA or any other applicable anticorruption law. The Borrower will not, directly or
indirectly, use the proceeds of the Revolving Advances, or lend, contribute or otherwise make available such proceeds to any subsidiary, or, to its knowledge, to any joint venture partner or other Person, (i) to fund any activities or business
of or with any Person, or in any country or territory, that, at the time of such funding, is, or whose government is, the subject of Sanctions, or (ii) in any other manner that would result in a violation of Sanctions by the Borrower, any of
its Subsidiaries, the Administrative Agent, the Issuing Lender, Swing Line Lender, any Lender or other party to the Credit Agreement. 

Section 6.7 Corporate Actions. 

(a) No Credit Party shall, nor shall it permit any of its Subsidiaries to, merge or consolidate with or into any other Person, except that the
Borrower may merge with any of its wholly-owned Subsidiaries and any Credit Party may merge or be consolidated with or into any other Credit Party; provided that immediately after giving effect to any such proposed transaction no Default
would exist and, in the case of any such merger to which the Borrower or the Borrower is a party, the Borrower or the Borrower is the surviving entity. 

(b) No Credit Party shall, nor shall it permit any of its Subsidiaries to, change its name, change its state of incorporation, formation or
organization, change its organizational identification number or reorganize in another jurisdiction, create or suffer to exist any Subsidiary not existing on the date of this Agreement, sell or otherwise dispose of any of its ownership interest in
any of its Subsidiaries, or in any manner rearrange its business structure as it exists on the date of this Agreement, provided that (i) the Borrower may create or acquire new Subsidiaries if such new Subsidiaries comply with
Section 5.6 and such transactions otherwise comply with the terms of this Agreement, and (ii) a Credit Party may change its name, change its state of incorporation, formation or organization, and change its organizational number provided
that such Credit Party has given the Administrative Agent at least ten (10) days’ prior notice of such change. 

  
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 (c) The Borrower shall not, nor shall it permit any of its Subsidiaries to, modify or change its
fiscal year or its method of accounting (other than as may be required to conform to GAAP). 
 Section 6.8 Sale of Assets. No
Credit Party shall, nor shall it permit any of its Subsidiaries to, sell, convey, or otherwise transfer any of its assets except that the Borrower and its Subsidiaries may (each, a “Permitted Disposition”) (a) sell inventory in
the ordinary course of business; (b) sell, convey, or otherwise transfer of equipment that is (i) obsolete, worn out, depleted or uneconomic and disposed of in the ordinary course of business, or (ii) contemporaneously replaced by
equipment of at least comparable value and use; provided that no Event of Default shall exist or shall result from such sale, conveyance, or transfer; (c) consummate the Specified Dispositions; (d) consummate the Schlumberger
Receivables Transaction and (e) in addition to as provided in the foregoing clauses (c) and (d), sell, convey or otherwise transfer assets outside the ordinary course of business; provided that, the aggregate net book value (or if greater,
the Fair Market Value) of all assets sold, conveyed or transferred in reliance on this clause (e) outside the ordinary course of business shall not exceed $2,500,000.00. 

Section 6.9 Restricted Payments. No Credit Party shall, nor shall it permit any of its Subsidiaries to make any Restricted
Payments other than a Restricted Payment to a Credit Party or a Restricted Payment from a Foreign Subsidiary to another Foreign Subsidiary. 

Section 6.10 Affiliate Transactions. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or
indirectly, enter into or permit to exist any transaction or series of transactions (including, but not limited to, the purchase, sale, lease or exchange of Property, the making of any investment, the giving of any guaranty, the assumption of any
obligation or the rendering of any service) with any of their Affiliates which are not Credit Parties unless such transaction or series of transactions is on terms no less favorable to the Borrower or any Subsidiary, as applicable, than those that
could be obtained in a comparable arm’s length transaction with a Person that is not an affiliate. 
 Section 6.11 Line of
Business. No Credit Party shall, and shall not permit any of its Subsidiaries to, change the character of the Borrower’s and its Subsidiaries collective business as conducted on the Effective Date, or engage in any type of business not
reasonably related to the Borrower’s and its Subsidiaries collective business as of the Effective Date. 
 Section 6.12
Hazardous Materials. No Credit Party shall, nor shall it permit any of its Subsidiaries to, (a) create, handle, transport, use, or dispose of any Hazardous Substance or Hazardous Waste, except in the ordinary course of its business and
except in compliance with Environmental Law other than to the extent that such non-compliance could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change or in any liability on the Lenders or the
Administrative Agent, and (b) Release any Hazardous Substance or Hazardous Waste into the environment or permit any Credit Party’s or any Subsidiary’s Property to be subjected to any Release of Hazardous Substance or Hazardous Waste,
except in compliance with Environmental Law other than to the extent that such non-compliance could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change or in any liability on the Lenders or the
Administrative Agent. 
 Section 6.13 Compliance with ERISA. Except for matters that individually or in the aggregate could not
reasonably be expected to cause a Material Adverse Change, no Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly: (a) knowingly engage in any transaction in connection with which the Borrower or any
Subsidiary could be subjected to either a civil penalty assessed pursuant to section 502(c), (i) or (l) of ERISA or a tax imposed by Chapter 43 of Subtitle D of 

  
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the Code; (b) terminate, or permit any member of the Controlled Group to terminate, any Plan in a manner, or take any other action with respect to any Plan, which could result in any
liability to the Borrower, any Subsidiary or any member of the Controlled Group to the PBGC; (c) fail to make, or permit any member of the Controlled Group to fail to make, full payment when due of all amounts which, under the provisions of any
Plan, agreement relating thereto or applicable law, the Borrower, a Subsidiary or member of the Controlled Group is required to pay as contributions thereto; (d) permit to exist, or allow any Subsidiary or any member of the Controlled Group to
permit to exist, any accumulated funding deficiency (or unpaid minimum required contribution for plan years after December 31, 2007) within the meaning of Section 302 of ERISA or section 412 of the Code, whether or not waived, with respect
to any Plan; (e) permit, or allow any member of the Controlled Group to permit, the actuarial present value of the benefit liabilities (as “actuarial present value of the benefit liabilities” shall have the meaning specified in
section 4041 of ERISA) under any Plan that is regulated under Title IV of ERISA to exceed the current value of the assets (computed on a plan termination basis in accordance with Title IV of ERISA) of such Plan allocable to such benefit liabilities;
(f) contribute to or assume an obligation to contribute to, or permit any member of the Controlled Group to contribute to or assume an obligation to contribute to, any Multiemployer Plan; (g) acquire, or permit any member of the Controlled
Group to acquire, an interest in any Person that causes such Person to become a member of the Controlled Group if such Person sponsors, maintains or contributes to, or at any time in the six-year period preceding such acquisition has sponsored,
maintained, or contributed to, (1) any Multiemployer Plan, or (2) any other Plan that is subject to Title IV of ERISA under which the actuarial present value of the benefit liabilities under such Plan exceeds the current value of the
assets (computed on a plan termination basis in accordance with Title IV of ERISA) of such Plan allocable to such benefit liabilities; (h) incur, or permit any member of the Controlled Group to incur, a liability to or on account of a Plan
under sections 515, 4062, 4063, 4064, 4201 or 4204 of ERISA; (i) contribute to or assume an obligation to contribute to any employee welfare benefit plan, as defined in section 3(1) of ERISA, including, without limitation, any such plan
maintained to provide benefits to former employees of Borrower or any Subsidiary, that may not be terminated by such entities in their sole discretion at any time without any liability; or (j) amend or permit any member of the Controlled Group
to amend, a Plan resulting in a material increase in current liability such that the Borrower, any Subsidiary or any member of the Controlled Group is required to provide security to such Plan under section 401(a)(29) of the Code. 

Section 6.14 Limitation on Hedging. No Credit Party shall, nor shall it permit any of its Subsidiaries to, (a) purchase,
assume, or hold a speculative position in any commodities market or futures market or enter into any Hedging Arrangement for speculative purposes; or (b) be party to or otherwise enter into any Hedging Arrangement which is entered into for
reasons other than as a part of its normal business operations as a risk management strategy and/or hedge against changes resulting from market conditions related to the Borrower’s or its Subsidiaries’ operations. 

Section 6.15 [Reserved]. 

Section 6.16 [Reserved]. 

Section 6.17 [Reserved]. 

Section 6.18 [Reserved]. 

Section 6.19 Capital Expenditures. No Credit Party shall, nor shall it permit any of its Subsidiaries to, cause the Capital
Expenditures expended by the Credit Parties and their respective Subsidiaries in any fiscal year, to exceed $65,000,000 in the aggregate in such fiscal year; provided that, in any event, no Credit Party shall, nor shall it permit any of its
Subsidiaries to, incur Capital Expenditures unless, before and after giving effect thereto, the Borrower is in pro forma compliance with Section 6.21 as of the most recently ended calendar month. 

  
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 Section 6.20 Deposit Accounts. Commencing with March 11, 2016 (or such later
date agreed to by the Administrative Agent in its sole discretion), the Borrower shall, and shall cause each of its Subsidiaries to maintain all deposit accounts that are in the United States with the Administrative Agent and deposit all proceeds of
Receivables of the Borrower and its Domestic Subsidiaries into one or more such deposit accounts and, if requested by the Administrative Agent, execute and deliver control agreements and such Security Documents in form and substance satisfactory to
the Administrative Agent to grant and evidence a first lien, priority security interest in such accounts and funds held therein in favor of the Administrative Agent; provided that (a) no such control agreements shall be required for deposit
accounts that are designated solely as accounts for, and are used solely for payroll funding, employee compensation or employee benefits, and (b) the foregoing requirements in this Section 6.20 shall not apply to (i) deposit accounts
designated solely as accounts for, and are used solely for, petty cash in an amount not to exceed $150,000 in the aggregate at any time and (ii) deposit accounts maintained with financial institutions other than the Administrative Agent in an
amount not to exceed $1,000,000 in the aggregate at any time. 
 Section 6.21 Consolidated Cash Balance. The Borrower shall not,
nor shall it permit any of its Subsidiaries to, cause the Consolidated Cash Balance as of the last day of each calendar month, commencing with the calendar month ending August 31, 2016 to be less than (a) $40,000,000 for the calendar
months ending August 31, 2016 through and including March 31, 2017, (b) $30,000,000 for the calendar months ending April 30, 2017 through and including December 31, 2017 and (c) $25,000,000 for each calendar month
thereafter. 
 Section 6.22 Landlord Agreements. No Credit Party shall, nor shall it permit any of its Subsidiaries, that is, or
is required to be, a Credit Party to 
 (a) hold, store or otherwise maintain any Equipment or Inventory that is intended to constitute
Collateral pursuant to the Security Documents at premises within the US which are not owned by a Credit Party unless (i) such Equipment is located at the job site under which such Equipment is in use, (ii) such Equipment or Inventory is
located at Third Party Locations and which such Credit Party has delivered, by the 45th day after the Amendment No. 7 Effective Date (or such later date as may be agreed to in writing by the Administrative Agent in its sole discretion), a Collateral
Access Agreement to the Administrative Agent, (iii) such Equipment is office equipment located at such Credit Party’s regional corporate headquarters or sales offices, (iv) Inventory located on premises owned or operated by the
customer that is to purchase such Inventory, (v) in the case of any Equipment that has been damaged, such Equipment is located at the place of repair of such Equipment, or (vi) the aggregate value of all other Equipment and Inventory
located at Third Party Locations and which are not covered by a Collateral Access Agreement is less than $250,000; or 
 (b) after the
Amendment No. 7 Effective Date, enter into any new verbal or written leases for premises located in the United States which is not subject to a Collateral Access Agreement. 

ARTICLE 7 
 DEFAULT AND
REMEDIES 
 Section 7.1 Events of Default. The occurrence of any of the following events shall constitute an “Event of
Default” under this Agreement and any other Credit Document: 
 (a) Payment Failure. Any Credit Party (i) fails to pay any
principal or any amount owed under Section 2.2(c)(i) when due under this Agreement or (ii) fails to pay, within three Business Days of when due, any other amount due under this Agreement or any other Credit Document, including payments of
interest, fees, reimbursements, and indemnifications; 

  
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 (b) False Representation or Warranties. Any representation or warranty made or deemed to
be made by any Credit Party or any officer thereof in this Agreement, in any other Credit Document or in any certificate delivered in connection with this Agreement or any other Credit Document is incorrect, false or otherwise misleading in any
material respect (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) at the time it was made or deemed made; 

(c) Breach of Covenant. (i) Any breach by any Credit Party of any of the covenants in Section 5.2(d), Section 5.2(f),
Section 5.2(g), Section 5.3(a), Section 5.6 or Article 6 of this Agreement or the corresponding covenants in any Guaranty; provided, however, if the Borrower is in breach of Section 6.21 solely as a result of Borrower
being subject to a “blackout period” or other legal or regulatory matter temporarily restricting the sale of securities by the Borrower under applicable securities laws associated with one or more capital raise transactions undertaken by
the Borrower, the Borrower shall have a period of thirty days after the earlier of (A) the date on which the Borrower has actual knowledge of such breach and (B) the date written notice of such breach shall have been given to the Borrower
by the Administrative Agent or any Lender (such grace period to be applicable only in the event such Default can be remedied by corrective action of a Credit Party or any of its Subsidiaries) to remedy such breach prior to such breach becoming an
Event of Default; or (ii) any breach by any Credit Party of any other covenant contained in this Agreement or any other Credit Document and such breach shall remain unremedied for a period of thirty days after the earlier of (A) the date
on which any Credit Party has actual knowledge of such breach and (B) the date written notice of such breach shall have been given to the Borrower by the Administrative Agent or any Lender (such grace period to be applicable only in the event
such Default can be remedied by corrective action of a Credit Party or any of its Subsidiaries); 
 (d) Guaranties. Any provisions in
the Guaranties shall at any time (before its expiration according to its terms) and for any reason cease to be in full force and effect and valid and binding on the Guarantors party thereto or shall be contested by any party thereto; any Guarantor
shall deny it has any liability or obligation under such Guaranties; or any Guarantor shall cease to exist other than as expressly permitted by the terms of this Agreement; 

(e) Cross-Default. (i) The Borrower or any Guarantor shall fail to pay any principal of or premium or interest on its Debt which
is outstanding in a principal amount of at least $2,000,000 individually or when aggregated with all such Debt of the Borrower and the Subsidiaries so in default (but excluding Debt evidenced by the Notes) when the same becomes due and payable
(whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; (ii) any other
event shall occur or condition shall exist under any agreement or instrument relating to Debt which is outstanding in a principal amount of at least $2,000,000 individually or when aggregated with all such Debt of the Borrower and the Subsidiaries
so in default (other than Debt evidenced by the Notes), and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or to permit the acceleration
of, the maturity of such Debt prior to the stated maturity thereof; or (iii) any such Debt shall be declared to be due and payable, or required to be prepaid (other than by a regularly scheduled required prepayment); provided that, for
purposes of this paragraph (f), the “principal amount” of the obligations in respect of Hedging Arrangements at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that would be required to be paid if
such Hedging Arrangements were terminated at such time; 

  
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 (f) Bankruptcy and Insolvency. (i) Any Credit Party or any Subsidiary of the Borrower
shall terminate its existence or dissolve or (ii) any Credit Party or any Subsidiary of the Borrower (A) admits in writing its inability to pay its debts generally as they become due; makes an assignment for the benefit of its creditors;
consents to or acquiesces in the appointment of a receiver, liquidator, fiscal agent, or trustee of itself or any of its Property; files a petition under bankruptcy or other laws for the relief of debtors; or consents to any reorganization,
arrangement, workout, liquidation, dissolution, or similar relief or (B) shall have had, without its consent: any court enter an order appointing a receiver, liquidator, fiscal agent, or trustee of itself or any of its Property; any petition
filed against it seeking reorganization, arrangement, workout, liquidation, dissolution or similar relief under bankruptcy or other laws for the relief of debtors and such petition shall not be dismissed, stayed, or set aside for an aggregate of 60
days, whether or not consecutive; 
 (g) Adverse Judgment. The Borrower or any of its Subsidiaries suffers final judgments against
any of them since the date of this Agreement in an aggregate amount, less any insurance proceeds covering such judgments which are received or as to which the insurance carriers admit liability, greater than $2,000,000 and either
(i) enforcement proceedings shall have been commenced by any creditor upon such judgments or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of such judgments, by reason of a pending appeal or
otherwise, shall not be in effect; 
 (h) Termination Events. Any Termination Event with respect to a Plan shall have occurred, and,
30 days after notice thereof shall have been given to the Borrower by the Administrative Agent, such Termination Event shall not have been corrected and shall have created and caused to be continuing a material risk of Plan termination or liability
for withdrawal from the Plan as a “substantial employer” (as defined in Section 4001(a)(2) of ERISA), which termination could reasonably be expect to result in a liability of, or liability for withdrawal could reasonably be expected
to be, greater than $2,000,000; 
 (i) Plan Withdrawals. The Borrower or any member of the Controlled Group as employer under a
Multiemployer Plan shall have made a complete or partial withdrawal from such Multiemployer Plan and such withdrawing employer shall have incurred a withdrawal liability in an annual amount exceeding $2,000,000; or 

(j) Change in Control. The occurrence of a Change in Control. 

(k) Security Documents. The Security Agreement or any other material Security Document shall at any time and for any reason cease to
create an Acceptable Security Interest in all material Property purported to be subject to such agreement in accordance with the terms of such agreement or any provisions thereof shall cease to be in full force and effect and valid and binding on
the Credit Party that is a party thereto or any such Person shall so state in writing. 
 Section 7.2 Optional Acceleration of
Maturity. If any Event of Default (other than an Event of Default pursuant to Section 7.1(f)) shall have occurred and be continuing, then, and in any such event, 

(a) the Administrative Agent (i) shall at the request, or may with the consent, of the Majority Lenders, by notice to the Borrower,
declare that the obligation of each Lender to make Advances and the obligation of the Issuing Lender to issue Letters of Credit shall be terminated, whereupon the same shall forthwith terminate, and (ii) shall at the request, or may with the
consent, of the Majority Lenders, by notice to the Borrower, declare the Notes, all interest thereon, and all other amounts payable under this Agreement to be forthwith due and payable, whereupon the Notes, all such interest, and all such amounts
shall become and be forthwith due and payable in full, without presentment, demand, protest or further notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby
expressly waived by each of the Credit Parties, 

  
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 (b) the Borrower shall, on demand of the Administrative Agent at the request or with the consent
of the Majority Lenders, deposit with the Administrative Agent into the Cash Collateral Account an amount of cash equal to 105% of the outstanding Letter of Credit Exposure as security for the Secured Obligations to the extent the Letter of Credit
Obligations are not otherwise paid or cash collateralized at such time, and 
 (c) the Administrative Agent shall at the request of, or may
with the consent of, the Majority Lenders proceed to enforce its rights and remedies under the Guaranties or any other Credit Document for the ratable benefit of the Secured Parties by appropriate proceedings. 

Section 7.3 Automatic Acceleration of Maturity. If any Event of Default pursuant to Section 7.1(f) shall occur, 

(a) the obligation of each Lender to make Advances and the obligation of the Issuing Lender to issue Letters of Credit shall immediately and
automatically be terminated and the Notes, all interest on the Notes, and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of
any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by each of the Credit Parties, 

(b) the Borrower shall, on demand of the Administrative Agent at the request or with the consent of the Majority Lenders, deposit with the
Administrative Agent into the Cash Collateral Account an amount of cash equal to 105% of the outstanding Letter of Credit Exposure as security for the Secured Obligations to the extent the Letter of Credit Obligations are not otherwise paid or cash
collateralized at such time, and 
 (c) the Administrative Agent shall at the request of, or may with the consent of, the Majority Lenders
proceed to enforce its rights and remedies under the Guaranties or any other Credit Document for the ratable benefit of the Secured Parties by appropriate proceedings. 

Section 7.4 Set-off. Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent and each
Lender is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at
any time owing by the Administrative Agent or such Lender to or for the credit or the account of any Credit Party against any and all of the Secured Obligations of the Borrower now or hereafter existing under this Agreement, the Notes held by the
Administrative Agent or such Lender, and the other Credit Documents, irrespective of whether or not the Administrative Agent or such Lender shall have made any demand under this Agreement, such Note, or such other Credit Documents, and although such
obligations may be unmatured. Each Lender agrees to promptly notify the Borrower after any such set-off and application made by such Lender, provided that the failure to give such notice shall not
affect the validity of such set-off and application. The rights of the Administrative Agent and each Lender under this Section 7.4 are in addition to any other rights and remedies (including, without
limitation, other rights of set-off) which the Administrative Agent or such Lender may have. 

Section 7.5 Remedies Cumulative, No Waiver. No right, power, or remedy conferred to any Lender in this Agreement or the Credit
Documents, or now or hereafter existing at law, in equity, by statute, or otherwise shall be exclusive, and each such right, power, or remedy shall to the full extent 

  
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permitted by law be cumulative and in addition to every other such right, power or remedy. No course of dealing and no delay in exercising any right, power, or remedy conferred to any Lender in
this Agreement and the Credit Documents or now or hereafter existing at law, in equity, by statute, or otherwise shall operate as a waiver of or otherwise prejudice any such right, power, or remedy. Any Lender may cure any Event of Default without
waiving the Event of Default. No notice to or demand upon the Borrower or any other Credit Party shall entitle the Borrower or any other Credit Party to similar notices or demands in the future. 

Section 7.6 Application of Payments. Prior to an Event of Default, all payments made hereunder shall be applied by the
Administrative Agent as directed by the Borrower, but subject to the terms of this Agreement, including the application of prepayments according to Section 2.5 and Section 2.12. During the existence of an Event of Default, all payments and
collections received by the Administrative Agent shall be applied to the Secured Obligations in accordance with Section 2.12 and otherwise in such manner as determined by the Administrative Agent or as directed by the Majority Lenders. In the
event that the Obligations have been accelerated pursuant to Section 7.2 or Section 7.3 or the Administrative Agent or any Lender has exercised any remedy set forth in this Agreement or any other Credit Document, all payments received on
account of the Secured Obligations and all net proceeds from the enforcement of the Secured Obligations shall be applied by the Administrative Agent as follows: 

First, to payment of that portion of the Secured Obligations constituting fees, indemnities, expenses and other amounts, including
attorney fees, payable to the Administrative Agent in its capacity as such, the Issuing Lender in its capacity as such and the Swing Line Lender in its capacity as such, ratably among the Administrative Agent, the Issuing Lender and Swing Line
Lender in proportion to the respective amounts described in this clause First payable to them; 
 Second, to payment of that
portion of the Secured Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable to the Lenders under the Credit Documents, including attorney fees, ratably among the Lenders in proportion to the
respective amounts described in this clause Second payable to them; 
 Third, to payment of that portion of the Secured
Obligations constituting accrued and unpaid interest on the Advances and Letter of Credit Obligations, ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to them; 

Fourth, to payment of that portion of the Secured Obligations constituting unpaid principal of the Advances, Letter of Credit
Obligations and payment obligations constituting Secured Obligations (other than Obligations), ratably among the Secured Parties in proportion to the respective amounts described in this clause Fourth payable to them; 

Fifth, to the Administrative Agent for the account of the Issuing Lender, to cash collateralize any Letters of Credit then outstanding;
and 
 Last, the balance, if any, after all of the Secured Obligations have been indefeasibly paid in full, to the Borrower or as
otherwise required by Legal Requirements. 
 Notwithstanding the foregoing, (a) payments and collections received by the Administrative Agent from any
Credit Party that is not a Qualified ECP Guarantor (and any proceeds received in respect of such Credit Party’s Collateral (as defined in the Security Agreement)) shall not be applied to Excluded Swap Obligations with respect to any Credit
Party, provided, however, that the Administrative Agent shall make such adjustments as it determines are appropriate with respect to payments and collections received from the other Credit Parties (or proceeds received in respect of such other
Credit Parties’ Collateral) to 

  
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preserve, as nearly as possible, the allocation to Secured Obligations otherwise set forth above in this Section 7.6 (assuming that, solely for purposes of such adjustments, Secured
Obligations includes Excluded Swap Obligations), and (b) Banking Services Obligations and Secured Swap Obligations may be excluded from the application described above if the Administrative Agent has not received written notice thereof,
together with such supporting documentation as the Administrative Agent may request, from the applicable Secured Party as the case may be. Each Secured Party not a party to this Agreement that has given the notice contemplated by the preceding
sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article 8 for itself and its Affiliates as if a “Lender” party hereto. 

Section 7.7 Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law
or any other judicial proceeding relative to any Credit Party, the Administrative Agent (irrespective of whether the principal of any Advance or Letter of Credit Obligation shall then be due and payable as herein expressed or by declaration or
otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Advances, Letter of Credit
Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Issuing Lender and the Administrative Agent (including any claim for
the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Lender and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the Issuing Lender and the
Administrative Agent) allowed in such judicial proceeding; and 
 (b) to collect and receive any monies or other property payable or
deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar
official in any such judicial proceeding is hereby authorized by each Lender and the Issuing Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments
directly to the Lenders and the Issuing Lender, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due
the Administrative Agent. 
 Section 7.8 Credit Bidding. 

(a) The Administrative Agent, on behalf of itself and the Lenders, shall have the right to credit bid and purchase for the benefit of the
Administrative Agent and the Lenders all or any portion of Collateral at any sale thereof conducted by the Administrative Agent under the provisions of the UCC, including pursuant to Sections 9-610 or 9-620 of the UCC, at any sale thereof conducted
under the provisions of the United States Bankruptcy Code, including Section 363 thereof, or a sale under a plan of reorganization, or at any other sale or foreclosure conducted by the Administrative Agent (whether by judicial action or
otherwise) in accordance with Legal Requirements. 
 (b) Each Lender hereby agrees that, except as otherwise provided in any Credit
Documents or with the written consent of the Administrative Agent and the Majority Lenders, it will not take any enforcement action, accelerate obligations under any Credit Documents, or exercise any right that it might otherwise have under Legal
Requirements to credit bid at foreclosure sales, UCC sales or other similar dispositions of Collateral. 

  
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 ARTICLE 8 

THE ADMINISTRATIVE AGENT 

Section 8.1 Appointment, Powers, and Immunities. Each Lender hereby irrevocably appoints and authorizes the Administrative Agent
to act as its agent under this Agreement and the other Credit Documents with such powers and discretion as are specifically delegated to the Administrative Agent by the terms of this Agreement and the other Credit Documents, together with such other
powers as are reasonably incidental thereto. The Administrative Agent (which term as used in this sentence and in Section 8.5 and the first sentence of Section 8.6 shall include its Affiliates and its own and its Affiliates’ officers,
directors, employees, and agents): (a) shall not have any duties or responsibilities except those expressly set forth in this Agreement and shall not be a trustee or fiduciary for any Lender; (b) shall not be responsible to the Lenders for
any recital, statement, representation, or warranty (whether written or oral) made in or in connection with any Credit Document or any certificate or other document referred to or provided for in, or received by any of them under, any Credit
Document, or for the value, validity, effectiveness, genuineness, enforceability, or sufficiency of any Credit Document, or any other document referred to or provided for therein or for any failure by any Credit Party or any other Person to perform
any of its obligations thereunder; (c) shall not be responsible for or have any duty to ascertain, inquire into, or verify the performance or observance of any covenants or agreements by any Credit Party or the satisfaction of any condition or
to inspect the Property (including the books and records) of any Credit Party or any of its Subsidiaries or Affiliates; (d) shall not be required to initiate or conduct any litigation or collection proceedings under any Credit Document unless
requested by the Majority Lenders in writing and it receives indemnification satisfactory to it from the Lenders; and (e) shall not be responsible for any action taken or omitted to be taken by it under or in connection with any Credit
Document, except for its own gross negligence or willful misconduct. The Administrative Agent may employ agents and attorneys-in-fact and shall not be responsible for the negligence or misconduct of any such agents or attorneys-in-fact selected by
the Administrative Agent with reasonable care. 
 Section 8.2 Reliance by Administrative Agent. The Administrative Agent shall
be entitled to rely upon any certification, notice, instrument, writing, or other communication (including, without limitation, any thereof by telephone or telecopy) believed by it to be genuine and correct and to have been signed, sent or made by
or on behalf of the proper Person or Persons, and upon advice and statements of legal counsel (including counsel for any Credit Party), independent accountants, and other experts selected by the Administrative Agent. The Administrative Agent may
deem and treat the payee of any Notes as the holder thereof for all purposes hereof unless and until the Administrative Agent receives and accepts an Assignment and Acceptance executed in accordance with Section 9.7. As to any matters not
expressly provided for by this Agreement, the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining
from acting) upon the instructions of the Majority Lenders, and such instructions shall be binding on all of the Lenders; provided, however, that the Administrative Agent shall not be required to take any action that exposes the
Administrative Agent to personal liability or that is contrary to any Credit Document or applicable law or unless it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it
by reason of taking any such action. 
 Section 8.3 Defaults. The Administrative Agent shall not be deemed to have knowledge or
notice of the occurrence of a Default or Event of Default unless the Administrative Agent has received written notice from a Lender or the Borrower specifying such Default or Event of Default and stating that such notice is a “Notice of
Default”. In the event that the Administrative Agent receives such a notice of the occurrence of a Default or Event of Default, the Administrative Agent shall give prompt notice thereof to the Lenders. The Administrative Agent shall (subject to
Section 8.2) take such action with 

  
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respect to such Default or Event of Default as shall reasonably be directed by the Majority Lenders, provided that, unless and until the Administrative Agent shall have received
such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interest of the Lenders. 

Section 8.4 Rights as Lender. With respect to its Revolving Commitments and the Advances made by it, Wells Fargo (and any
successor acting as Administrative Agent) in its capacity as a Lender hereunder shall have the same rights and powers hereunder as any other Lender and may exercise the same as though it were not acting as the Administrative Agent, and the term
“Lender” or “Lenders” shall, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. Wells Fargo (and any successor acting as Administrative Agent) and its Affiliates may (without
having to account therefor to any Lender) accept deposits from, lend money to, make investments in, provide services to, and generally engage in any kind of lending, trust, or other business with any Credit Party or any of its Subsidiaries or
Affiliates as if it were not acting as Administrative Agent, and Wells Fargo (and any successor acting as Administrative Agent) and its Affiliates may accept fees and other consideration from any Credit Party or any of its Subsidiaries or Affiliates
for services in connection with this Agreement or otherwise without having to account for the same to the Lenders. 
 Section 8.5
Indemnification. 
 (a) THE LENDERS SEVERALLY AGREE TO INDEMNIFY THE ADMINISTRATIVE AGENT AND EACH AFFILIATE THEREOF AND THEIR
RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, AND AGENTS (TO THE EXTENT NOT REIMBURSED BY THE BORROWER), RATABLY ACCORDING TO THE RESPECTIVE PRINCIPAL AMOUNTS OF THE ADVANCES THEN HELD BY EACH OF THEM (OR IF NO PRINCIPAL OF THE ADVANCES IS AT THE TIME
OUTSTANDING, RATABLY ACCORDING TO THE RESPECTIVE REVOLVING COMMITMENTS HELD BY EACH OF THEM IMMEDIATELY PRIOR TO THE TERMINATION, EXPIRATION OR FULL REDUCTION OF EACH SUCH REVOLVING COMMITMENT), FROM AND AGAINST ANY AND ALL LIABILITIES, OBLIGATIONS,
LOSSES, DAMAGES, PENALTIES, ACTIONS, JUDGMENTS, SUITS, COSTS, EXPENSES, OR DISBURSEMENTS OF ANY KIND OR NATURE WHATSOEVER WHICH MAY BE IMPOSED ON, INCURRED BY, OR ASSERTED AGAINST THE ADMINISTRATIVE AGENT IN ANY WAY RELATING TO OR ARISING OUT OF
THIS AGREEMENT OR ANY ACTION TAKEN OR OMITTED BY THE ADMINISTRATIVE AGENT UNDER THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT (INCLUDING THE ADMINISTRATIVE AGENT’S OWN NEGLIGENCE), AND INCLUDING, WITHOUT LIMITATION, ENVIRONMENTAL
LIABILITIES, PROVIDED THAT NO LENDER SHALL BE LIABLE FOR ANY PORTION OF SUCH LIABILITIES, OBLIGATIONS, LOSSES, DAMAGES, PENALTIES, ACTIONS, JUDGMENTS, SUITS, COSTS, EXPENSES, OR DISBURSEMENTS RESULTING FROM THE ADMINISTRATIVE AGENT’S
GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. WITHOUT LIMITATION OF THE FOREGOING, EACH LENDER AGREES TO REIMBURSE THE ADMINISTRATIVE AGENT PROMPTLY UPON DEMAND FOR ITS RATABLE SHARE (DETERMINED AS SET FORTH ABOVE IN THIS PARAGRAPH) OF ANY OUT-OF-POCKET EXPENSES (INCLUDING COUNSEL FEES) INCURRED BY THE ADMINISTRATIVE AGENT IN CONNECTION WITH THE PREPARATION, EXECUTION, DELIVERY, ADMINISTRATION, MODIFICATION,
AMENDMENT, OR ENFORCEMENT (WHETHER THROUGH NEGOTIATIONS, LEGAL PROCEEDINGS, OR OTHERWISE) OF, OR LEGAL ADVICE IN RESPECT OF RIGHTS OR RESPONSIBILITIES UNDER, THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT, TO THE EXTENT THAT THE ADMINISTRATIVE AGENT IS
NOT REIMBURSED FOR SUCH BY THE BORROWER. 

  
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 (b) THE LENDERS SEVERALLY AGREE TO INDEMNIFY THE ISSUING LENDER AND EACH AFFILIATE THEREOF AND
THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, AND AGENTS (TO THE EXTENT NOT REIMBURSED BY THE BORROWER), ratably according to the respective principal amounts of the Revolving Advances then held by each of them (or if no principal of the
Revolving Advances is at the time outstanding, ratably according to the respective amounts of the Revolving Commitments then held by each of them, or, if no such principal amounts are then outstanding and no Revolving Commitments are then existing,
ratably according to the Revolving Commitments held by each of them immediately prior to the termination or expiration thereof), FROM AND AGAINST ANY AND ALL LIABILITIES, OBLIGATIONS, LOSSES, DAMAGES, PENALTIES, ACTIONS, JUDGMENTS, SUITS, COSTS,
EXPENSES, OR DISBURSEMENTS OF ANY KIND OR NATURE WHATSOEVER WHICH MAY BE IMPOSED ON, INCURRED BY, OR ASSERTED AGAINST THE ISSUING LENDER IN ANY WAY RELATING TO OR ARISING OUT OF THIS AGREEMENT OR ANY ACTION TAKEN OR OMITTED BY THE ISSUING LENDER
UNDER THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT (INCLUDING THE ISSUING LENDER’S OWN NEGLIGENCE), AND INCLUDING, WITHOUT LIMITATION, ENVIRONMENTAL LIABILITIES, PROVIDED THAT NO LENDER SHALL BE LIABLE FOR ANY PORTION OF SUCH
LIABILITIES, OBLIGATIONS, LOSSES, DAMAGES, PENALTIES, ACTIONS, JUDGMENTS, SUITS, COSTS, EXPENSES, OR DISBURSEMENTS RESULTING FROM THE ISSUING LENDER’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. WITHOUT LIMITATION OF THE FOREGOING, EACH LENDER
AGREES TO REIMBURSE THE ISSUING LENDER PROMPTLY UPON DEMAND FOR ITS RATABLE SHARE (DETERMINED AS SET FORTH ABOVE IN THIS PARAGRAPH) OF ANY OUT-OF-POCKET EXPENSES
(INCLUDING COUNSEL FEES) INCURRED BY THE ISSUING LENDER IN CONNECTION WITH THE PREPARATION, EXECUTION, DELIVERY, ADMINISTRATION, MODIFICATION, AMENDMENT, OR ENFORCEMENT (WHETHER THROUGH NEGOTIATIONS, LEGAL PROCEEDINGS, OR OTHERWISE) OF, OR LEGAL
ADVICE IN RESPECT OF RIGHTS OR RESPONSIBILITIES UNDER, THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT, TO THE EXTENT THAT THE ISSUING LENDER IS NOT REIMBURSED FOR SUCH BY THE BORROWER. 

Section 8.6 Non-Reliance on Administrative Agent and Other Lenders. Each Lender agrees that it has, independently and without
reliance on the Administrative Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Borrower and the other Credit Parties and decision to enter into this Agreement
and that it will, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking
or not taking action under the Credit Documents. Except for notices, reports, and other documents and information expressly required to be furnished to the Lenders by the Administrative Agent hereunder and for other information in the Administrative
Agent’s possession which has been requested by a Lender and for which such Lender pays the Administrative Agent’s expenses in connection therewith, the Administrative Agent shall not have any duty or responsibility to provide any Lender
with any credit or other information concerning the affairs, financial condition, or business of any Credit Party or any of its Subsidiaries or Affiliates that may come into the possession of the Administrative Agent or any of its Affiliates. 

Section 8.7 Resignation of Administrative Agent and Issuing Lender. The Administrative Agent or the Issuing Lender may resign at
any time by giving written notice thereof to the Lenders and the Borrower. Upon receipt of notice of any such resignation, the Majority Lenders shall have the right to appoint a successor Administrative Agent or Issuing Lender with, so long as no
Event of Default has occurred and is continuing, the consent of the Borrower, which consent shall not be unreasonably withheld. If no successor Administrative Agent or Issuing Lender shall have been so appointed by the

  
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Majority Lenders with the consent of the Borrower, and shall have accepted such appointment, within 30 days after the retiring Administrative Agent’s or Issuing Lender’s giving of
notice of resignation, then the retiring Administrative Agent or Issuing Lender may, on behalf of the Lenders and the Borrower, appoint a successor Administrative Agent or Issuing Lender, which shall be, in the case of a successor agent, a
commercial bank organized under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $250,000,000 and, in the case of the Issuing Lender, a Lender; provided that, if the
Administrative Agent or Issuing Lender shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the
retiring Administrative Agent or Issuing Lender shall be discharged from its duties and obligations hereunder and under the other Credit Documents (except that (A) in the case of any collateral security held by the Administrative Agent on
behalf of the Lenders or the Issuing Lender under any of the Credit Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed and (B) the
retiring Issuing Lender shall remain the Issuing Lender with respect to any Letters of Credit outstanding on the effective date of its resignation or removal and the provisions affecting the Issuing Lender with respect to such Letters of Credit
shall inure to the benefit of the retiring Issuing Lender until the termination of all such Letters of Credit) and (2) all payments, communications and determinations provided to be made by, to or through the retiring Administrative Agent shall
instead be made by or to each Lender and the Issuing Lender directly, until such time as the Required Lenders appoint a successor Administrative Agent or Issuing Lender, as applicable, as provided for above in this paragraph. Upon the acceptance of
any appointment as Administrative Agent or Issuing Lender by a successor Administrative Agent or Issuing Lender, such successor Administrative Agent or Issuing Lender shall thereupon succeed to and become vested with all the rights, powers,
privileges, and duties of the retiring Administrative Agent or Issuing Lender, and the retiring Administrative Agent or Issuing Lender shall be discharged from its duties and obligations under this Agreement and the other Credit Documents, except
that the retiring Issuing Lender shall remain the Issuing Lender with respect to any Letters of Credit outstanding on the effective date of its resignation or removal and the provisions affecting the Issuing Lender with respect to such Letters of
Credit shall inure to the benefit of the retiring Issuing Lender until the termination of all such Letters of Credit. After any retiring Administrative Agent’s or Issuing Lender’s resignation as Administrative Agent or Issuing Lender, the
provisions of this Article 8 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent or Issuing Lender under this Agreement and the other Credit Documents. 

Section 8.8 Collateral and Guaranty Matters. 

(a) The Administrative Agent is authorized on behalf of the Secured Parties, without the necessity of any notice to or further consent from
such Secured Parties, from time to time, to take any actions with respect to any Collateral or Security Documents which may be necessary to perfect and maintain the Liens upon the Collateral granted pursuant to the Security Documents. The
Administrative Agent is further authorized (but not obligated) on behalf of the Secured Parties, without the necessity of any notice to or further consent from the Secured Parties, from time to time, to take any action in exigent circumstances as
may be reasonably necessary to preserve any rights or privileges of the Secured Parties under the Credit Documents or applicable Legal Requirements. By accepting the benefit of the Liens granted pursuant to the Security Documents, each Secured Party
hereby agrees to the terms of this paragraph (a). 
 (b) The Lenders hereby, and any other Secured Party by accepting the benefit of the
Liens granted pursuant to the Security Documents, irrevocably authorize the Administrative Agent to (i) release any Lien granted to or held by the Administrative Agent upon any Collateral (a) as provided in Section 5.9(b),
(b) upon termination of this Agreement, repayment of all Secured Swap Obligations then due and owing (other than Secured Swap Obligations as to which arrangements satisfactory to the applicable 

  
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counterparty in its sole discretion have been made), termination of all Letters of Credit (other than Letters of Credit as to which arrangements satisfactory to the Issuing Lender in its sole
discretion have been made), and the payment in full of all outstanding Advances, Letter of Credit Obligations and all other Secured Obligations payable under this Agreement and under any other Credit Document; (c) constituting property sold or
to be sold or Disposed of as part of or in connection with any Disposition permitted under this Agreement or any other Credit Document; (d) constituting property in which no Credit Party owned an interest at the time the Lien was granted or at
any time thereafter (other than as result of a transaction that is not permitted under this Agreement); or (e) constituting property leased to any Credit Party under a lease which has expired or has been terminated in a transaction permitted
under this Agreement or is about to expire and which has not been, and is not intended by such Credit Party to be, renewed or extended; and (ii) release a Guarantor from its obligations under a Guaranty and any other applicable Credit Document
if such Person ceases to be a Subsidiary as a result of a transaction permitted under this Agreement. Upon the request of the Administrative Agent at any time, the Secured Parties will confirm in writing the Administrative Agent’s authority to
release particular types or items of Collateral pursuant to this Section 8.8. 
 (c) Notwithstanding anything contained in any of the
Credit Documents to the contrary, the Credit Parties, the Administrative Agent, and each Secured Party hereby agree that no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce the Guaranties, it being
understood and agreed that all powers, rights and remedies hereunder, under the Guaranties and under the Security Documents may be exercised solely by Administrative Agent on behalf of the Secured Parties in accordance with the terms hereof and the
other Credit Documents. By accepting the benefit of the Liens granted pursuant to the Security Documents, each Secured Party not party hereto hereby agrees to the terms of this paragraph (c). 

ARTICLE 9 

MISCELLANEOUS 

Section 9.1 Costs and Expenses. The Borrower agrees to pay on demand 

(a) all reasonable out-of-pocket costs and expenses of Administrative Agent (but not of other Lenders) in connection with the preparation,
execution, delivery, administration, modification, and amendment of this Agreement, the Notes, and the other Credit Documents including reasonable costs associated with field examinations, appraisals, and the reasonable fees and out-of-pocket expenses of outside counsel for Administrative Agent (but not of other Lenders), with respect to advising the Administrative Agent as to its rights and
responsibilities under this Agreement, and 
 (b) all
out-of-pocket costs and expenses, if any, of the Administrative Agent and each Lender (including outside counsel fees and expenses of each Lender) in connection with the
enforcement (whether through negotiations, legal proceedings, or otherwise) of this Agreement, the Notes, and the other Credit Documents. 

Section 9.2 Indemnification; Waiver of Damages. 

(a) INDEMNIFICATION. EACH CREDIT PARTY HERETO AGREES TO, JOINTLY AND SEVERALLY, INDEMNIFY AND HOLD HARMLESS THE ADMINISTRATIVE AGENT,
THE ISSUING LENDER AND EACH LENDER AND EACH OF THEIR AFFILIATES AND THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND ADVISORS (EACH, AN “INDEMNITEE”) FROM AND AGAINST ANY AND ALL CLAIMS, DAMAGES, LOSSES, LIABILITIES,
COSTS, AND EXPENSES (INCLUDING, WITHOUT LIMITATION, REASONABLE 

  
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ATTORNEYS’ FEES) THAT MAY BE INCURRED BY OR ASSERTED OR AWARDED AGAINST ANY INDEMNITEE, IN EACH CASE ARISING OUT OF OR IN CONNECTION WITH OR BY REASON OF (INCLUDING, WITHOUT LIMITATION, IN
CONNECTION WITH ANY INVESTIGATION, LITIGATION, OR PROCEEDING OR PREPARATION OF DEFENSE IN CONNECTION THEREWITH) THE CREDIT DOCUMENTS, ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN OR THE ACTUAL OR PROPOSED USE OF THE PROCEEDS OF THE ADVANCES,
INCLUDING SUCH INDEMNITEE’S OWN NEGLIGENCE, EXCEPT TO THE EXTENT SUCH CLAIM, DAMAGE, LOSS, LIABILITY, COST, OR EXPENSE IS FOUND IN A FINAL, NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM SUCH
INDEMNITEE’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. IN THE CASE OF AN INVESTIGATION, LITIGATION OR OTHER PROCEEDING TO WHICH THE INDEMNITY IN THIS SECTION 9.2 APPLIES, SUCH INDEMNITY SHALL BE EFFECTIVE WHETHER OR NOT SUCH INVESTIGATION,
LITIGATION OR PROCEEDING IS BROUGHT BY ANY CREDIT PARTY, ITS DIRECTORS, SHAREHOLDERS OR CREDITORS OR AN INDEMNITEE OR ANY OTHER PERSON OR ANY INDEMNITEE IS OTHERWISE A PARTY THERETO AND WHETHER OR NOT THE TRANSACTIONS CONTEMPLATED HEREBY ARE
CONSUMMATED. THE FOREGOING INDEMNITY AND HOLD HARMLESS SHALL NOT APPLY TO ANY CLAIMS, DAMAGES, LOSSES, LIABILITIES, COSTS OR EXPENSES THAT IS INCURRED BY OR ASSERTED OR AWARDED AGAINST ANY INDEMNITEE DIRECTLY FOR, OR AS A DIRECT CONSEQUENCE OF, SUCH
INDEMNITEE BEING A DEFAULTING LENDER UNDER CLAUSE (A) OR (B) OF THE DEFINITION OF “DEFAULTING LENDER”, WHETHER ASSERTED BY ANY CREDIT PARTY, THE ADMINISTRATIVE AGENT, THE ISSUING LENDER OR THE SWING LINE LENDER. 

(b) Waiver of Consequential Damages, Etc. 

(i) To the fullest extent permitted by applicable law, no Credit Party shall assert, agrees not to assert, and hereby waives,
any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Credit
Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Advance or Letter of Credit or the use of the proceeds thereof; provided that nothing contained in this sentence shall limit any Credit
Party’s indemnification obligations to the extent set forth in clause (a) above to the extent such special, indirect, consequential or punitive damages are included in any third party claim in connection with which such indemnified person
is otherwise entitled to indemnification hereunder. No Indemnitee referred to in subsection (a) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such
unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Credit Documents or the transactions contemplated hereby or thereby other than
for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction. 

(ii) To the fullest extent permitted by applicable law, no Indemnitee shall assert, agrees not to assert, and hereby waives,
any claim against any Credit Party, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Credit
Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Advance or Letter of Credit or the use of the proceeds thereof other than for such claims provide for in this Agreement. 

  
 -76- 

 (c) Survival. Without prejudice to the survival of any other agreement of the Credit
Parties hereunder, the agreements and obligations of the Credit Parties contained in this Section 9.2 shall survive the termination of this Agreement, the termination of all Revolving Commitments, and the payment in full of the Advances and all
other amounts payable under this Agreement. 
 Section 9.3 Waivers and Amendments. No amendment or waiver of any provision of
this Agreement, the Notes, or any other Credit Document, nor consent to any departure by the Borrower or any Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Majority Lenders and the
Borrower, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided that: 

(a) no amendment, waiver, or consent shall, unless in writing and signed by all the Lenders and the Borrower, do any of the following:
(i) reduce the principal of, or interest on, the Revolving Notes, (ii) postpone or extend any date fixed for any payment of principal of, or interest on, the Revolving Notes, including, without limitation, the Maturity Date,
(iii) change the number of Lenders which shall be required for the Lenders to take any action hereunder or under any other Credit Document, or (iv) amend Section 2.2(f)(ii) or waive or consent to any departure by the Borrower from the
terms of thereof; 
 (b) no amendment, waiver, or consent shall, unless in writing and signed by all the Lenders and the Borrower, do any of
the following: (i) waive any of the conditions specified in Article 3, (ii) reduce any fees or other amounts payable hereunder or under any other Credit Document (other than those specifically addressed above in this Section 9.3),
(iii) increase the aggregate Revolving Commitments, (iv) postpone or extend any date fixed for any payment of any fees or other amounts payable hereunder (other than those otherwise specifically addressed in this Section 9.3),
(v) amend Section 2.12(e), Section 7.6, this Section 9.3 or any other provision in any Credit Document which expressly requires the consent of, or action or waiver by, all of the Lenders, (vi) release any Guarantor from its
obligation under any Guaranty or, except as specifically provided in the Credit Documents and as a result of transactions permitted by the terms of this Agreement, release all or a material portion of collateral, if any, securing the Secured
Obligations; (vii) amend the definitions of “Majority Lenders”, or “Maximum Exposure Amount”; or (viii) amend the definitions of “Secured Parties”, “Secured Obligations” or “Collateral” in
a manner materially adverse to any Secured Party; 
 (c) no Revolving Commitment of a Lender or any obligations of a Lender may be increased
without such Lender’s written consent; 
 (d) no amendment, waiver, or consent shall, unless in writing and signed by the
Administrative Agent in addition to the Lenders required above to take such action, affect the rights or duties of the Administrative Agent under this Agreement or any other Credit Document; 

(e) no amendment, waiver or consent shall, unless in writing and signed by the Issuing Lender in addition to the Lenders required above to
take such action, affect the rights or duties of the Issuing Lender under this Agreement or any other Credit Document; and 
 (f) no
amendment, waiver or consent shall, unless in writing and signed by the Swing Line Lender in addition to the Lenders required above to take such action, affect the rights or duties of the Swing Line Lender under this Agreement or any other Credit
Document. 
 Section 9.4 Severability. In case one or more provisions of this Agreement or the other Credit Documents shall be
invalid, illegal or unenforceable in any respect under any applicable law, the validity, legality, and enforceability of the remaining provisions contained herein or therein shall not be affected or impaired thereby. 

  
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 Section 9.5 Survival of Representations and Obligations. All representations and
warranties contained in this Agreement or made in writing by or on behalf of the Credit Parties in connection herewith shall survive the execution and delivery of this Agreement and the other Credit Documents, the making of the Advances or the
issuance of any Letters of Credit and any investigation made by or on behalf of the Lenders, none of which investigations shall diminish any Lender’s right to rely on such representations and warranties. All obligations of the Borrower or any
other Credit Party provided for in Sections 2.10, 2.11, 2.13(c), 9.1 and 9.2 and all of the obligations of the Lenders in Section 8.5 shall survive any termination of this Agreement and repayment in full of the Obligations. 

Section 9.6 Binding Effect. This Agreement shall become effective upon the satisfaction of the conditions set forth in
Section 3.1 above, and thereafter shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent, and each Lender and their respective successors and assigns, except that neither the Borrower nor any other Credit Party
shall have the right to assign its rights or delegate its duties under this Agreement or any interest in this Agreement without the prior written consent of each Lender. 

Section 9.7 Lender Assignments and Participations. 

(a) Each Lender may assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including,
without limitation, all or a portion of its Advances, its Notes, and its Revolving Commitments); provided, however, that (i) each such assignment shall be to an Eligible Assignee; (ii) except in the case of an assignment to another
Lender or an assignment of all of a Lender’s rights and obligations under this Agreement, any such partial assignment with respect to the Revolving Commitments shall be in an amount at least equal to $5,000,000; (iii) each assignment of a
Lender’s rights and obligations with respect to Revolving Advances and its Revolving Commitment shall be of an constant, and not varying percentage of all of its rights and obligations under this Agreement as a Lender and the Revolving Notes
(other than rights of reimbursement and indemnity arising before the effective date of such assignment) and shall be of an equal pro rata share of the Assignor’s interest in the Revolving Advances and Revolving Commitments; and (iv) the
parties to such assignment shall execute and deliver to the Administrative Agent for its acceptance an Assignment and Acceptance, together with any Notes subject to such assignment and the assignor or assignee Lender shall pay a processing fee of
$3,500; provided that such processing fee shall not be required for the initial assignments made by Wells Fargo as a Lender in connection with the initial syndication of its Revolving Commitments hereunder. Upon execution, delivery, and acceptance
of such Assignment and Acceptance and payment of the processing fee, the assignee thereunder shall be a party hereto and, to the extent of such assignment, have the obligations, rights, and benefits of a Lender hereunder and the assigning Lender
shall, to the extent of such assignment, relinquish its rights and be released from its obligations under this Agreement. Upon the consummation of any assignment pursuant to this Section 9.7, the assignor, the Administrative Agent and the
Borrower shall make appropriate arrangements so that, if required, new Notes are issued to the assignor and the assignee. If the assignee is not incorporated under the laws of the United States of America or a state thereof, it shall deliver to the
Borrower and the Administrative Agent certification as to exemption from deduction or withholding of Taxes in accordance with Section 2.13(e). 

(b) The Administrative Agent shall maintain at its address referred to in Section 9.9 a copy of each Assignment and Acceptance delivered
to and accepted by it and a register for the recordation of the names and addresses of the Lenders and the Revolving Commitments of, and principal amount of the Advances owing to, each Lender from time to time (the “Register”). The entries
in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Credit Parties, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all
purposes of this Agreement. 

  
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 (c) Upon its receipt of an Assignment and Acceptance executed by the parties thereto, together
with any Notes subject to such assignment and payment of the processing fee, the Administrative Agent shall, if such Assignment and Acceptance has been completed, (i) accept such Assignment and Acceptance, (ii) record the information
contained therein in the Register, and (iii) give prompt notice thereof to the parties thereto. 
 (d) Each Lender may sell
participations to one or more Persons in all or a portion of its rights, obligations or rights and obligations under this Agreement (including all or a portion of its Revolving Commitments or its Advances) provided, however, that
(i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, (iii) the participant shall be
entitled to the benefit of the yield protection provisions contained in Sections 2.10 and 2.11 and the right of set-off contained in Section 7.4, and (iv) the Borrower shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement, and such Lender shall retain the sole right to enforce the obligations of the Borrower relating to its Advances and its Notes and to approve any amendment, modification,
or waiver of any provision of this Agreement (other than amendments, modifications, or waivers decreasing the amount of principal of or the rate at which interest is payable on such Advances or Notes, extending any scheduled principal payment date
or date fixed for the payment of interest on such Advances or Notes, or extending its Revolving Commitment). 
 (e) Notwithstanding any
other provision set forth in this Agreement, any Lender may at any time assign and pledge all or any portion of its Advances and its Notes to any Federal Reserve Bank as collateral security pursuant to Regulation A and any Operating Circular issued
by such Federal Reserve Bank. No such assignment shall release the assigning Lender from its obligations hereunder. 
 (f) Any Lender may
furnish any information concerning the Borrower or any of its Subsidiaries in the possession of such Lender from time to time to assignees and participants (including prospective assignees and participants), subject, however, to the provisions of
the following paragraph Section 9.8. 
 Section 9.8 Confidentiality. The Administrative Agent, the Swing Line Lender, the
Issuing Lender, and each Lender (each a “Lending Party”) agree to keep confidential any information furnished or made available to it by any Credit Party pursuant to this Agreement and identified by such Credit Party as proprietary
or confidential; provided that nothing herein shall prevent any Lending Party from disclosing such information (a) to any other Lending Party or any Affiliate of any Lending Party, or any officer, director, employee, agent, or advisor of
any Lending Party or Affiliate of any Lending Party for purposes of administering, negotiating, considering, processing, implementing, syndicating, assigning, or evaluating the credit facilities provided herein and the transactions contemplated
hereby, (b) to any other Person if directly incidental to the administration of the credit facilities provided herein, (c) as required by any Legal Requirement, (d) upon the order of any court or administrative agency, (e) upon
the request or demand of any regulatory agency or authority, (f) that is or becomes available to the public or that is or becomes available to any Lending Party other than as a result of a disclosure by any other Lending Party prohibited by
this Agreement, (g) in connection with any litigation relating to this Agreement or any other Credit Document to which such Lending Party or any of its Affiliates may be a party, (h) to the extent necessary in connection with the exercise
of any right or remedy under this Agreement or any other Credit Document, and (i) to any actual or proposed participant or assignee, in each case, subject to provisions similar to those contained in this Section 9.8. NOTWITHSTANDING
ANYTHING TO THE CONTRARY CONTAINED HEREIN, nothing in this Agreement shall (a) restrict any  

  
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Lending Party from providing information to any bank or other regulatory or governmental authorities, including the Federal Reserve Board and its supervisory staff; (b) require or permit
any Lending Party to disclose to any Credit Party that any information will be or was provided to the Federal Reserve Board or any of its supervisory staff; or (c) require or permit any Lending Party to inform any Credit Party of a current or
upcoming Federal Reserve Board examination or any nonpublic Federal Reserve Board supervisory initiative or action. 
 Section 9.9
Notices, Etc. All notices and other communications (other than Notices of Borrowing and Notices of Continuation or Conversion, which are governed by Article 2 of this Agreement) shall be in writing and hand delivered with written receipt,
telecopied, sent by facsimile (with a hard copy sent as otherwise permitted in this Section 9.9), sent by a nationally recognized overnight courier, or sent by certified mail, return receipt requested as follows: if to a Credit Party, as
specified on Schedule II and if to any Lender, the Swing Line Lender, or the Issuing Lender, at its credit contact specified under its name on Schedule II. Each party may change its notice address by written notification to the other parties. All
such notices and communications shall be effective when delivered, except that notices and communications to any Lender, Swing Line Lender, or the Issuing Lender pursuant to Article 2 shall not be effective until received and, in the case of
telecopy, such receipt is confirmed by such Lender, Swing Line Lender or Issuing Lender, as applicable, verbally or in writing. 

Section 9.10 Business Loans. Each Credit Party warrants and represents that the Obligations evidenced by the Notes are and shall
be for business, commercial, investment or other similar purposes and not primarily for personal, family, household or agricultural use, as such terms are used in Chapter One (“Chapter One”) of the Texas Credit Code. At all such times, if
any, as Chapter One shall establish a Maximum Rate, the Maximum Rate shall be the “indicated rate ceiling” (as such term is defined in Chapter One) from time to time in effect. 

Section 9.11 Usury Not Intended. It is the intent of each Credit Party and each Lender in the execution and performance of this
Agreement and the other Credit Documents to contract in strict compliance with applicable usury laws, including conflicts of law concepts, governing the Advances of each Lender including such applicable laws of the State of Texas, if any, and the
United States of America from time to time in effect. In furtherance thereof, the Lenders and the Credit Parties stipulate and agree that none of the terms and provisions contained in this Agreement or the other Credit Documents shall ever be
construed to create a contract to pay, as consideration for the use, forbearance or detention of money, interest at a rate in excess of the Maximum Rate and that for purposes of this Agreement “interest” shall include the aggregate of all
charges which constitute interest under such laws that are contracted for, charged or received under this Agreement; and in the event that, notwithstanding the foregoing, under any circumstances the aggregate amounts taken, reserved, charged,
received or paid on the Advances, include amounts which by applicable law are deemed interest which would exceed the Maximum Rate, then such excess shall be deemed to be a mistake and each Lender receiving same shall credit the same on the principal
of its Notes (or if such Notes shall have been paid in full, refund said excess to the Borrower). In the event that the maturity of the Notes are accelerated by reason of any election of the holder thereof resulting from any Event of Default under
this Agreement or otherwise, or in the event of any required or permitted prepayment, then such consideration that constitutes interest may never include more than the Maximum Rate, and excess interest, if any, provided for in this Agreement or
otherwise shall be canceled automatically as of the date of such acceleration or prepayment and, if theretofore paid, shall be credited on the applicable Notes (or, if the applicable Notes shall have been paid in full, refunded to the Borrower of
such interest). In determining whether or not the interest paid or payable under any specific contingencies exceeds the Maximum Rate, the Credit Parties and the Lenders shall to the maximum extent permitted under applicable law amortize, prorate,
allocate and spread in equal parts during the period of the full stated term of the Notes all amounts considered to be interest under applicable law at any time contracted for, charged, received or reserved in connection with the Obligations. The
provisions of this Section shall control over all other provisions of this Agreement or the other Credit Documents which may be in apparent conflict herewith. 

  
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 Section 9.12 Usury Recapture. In the event the rate of interest chargeable under this
Agreement at any time is greater than the Maximum Rate, the unpaid principal amount of the Advances shall bear interest at the Maximum Rate until the total amount of interest paid or accrued on the Advances equals the amount of interest which would
have been paid or accrued on the Advances if the stated rates of interest set forth in this Agreement had at all times been in effect. In the event, upon payment in full of the Advances, the total amount of interest paid or accrued under the terms
of this Agreement and the Advances is less than the total amount of interest which would have been paid or accrued if the rates of interest set forth in this Agreement had, at all times, been in effect, then the Borrower shall, to the extent
permitted by applicable law, pay the Administrative Agent for the account of the Lenders an amount equal to the difference between (i) the lesser of (A) the amount of interest which would have been charged on its Advances if the Maximum
Rate had, at all times, been in effect and (B) the amount of interest which would have accrued on its Advances if the rates of interest set forth in this Agreement had at all times been in effect and (ii) the amount of interest actually
paid under this Agreement on its Advances. In the event the Lenders ever receive, collect or apply as interest any sum in excess of the Maximum Rate, such excess amount shall, to the extent permitted by law, be applied to the reduction of the
principal balance of the Advances, and if no such principal is then outstanding, such excess or part thereof remaining shall be paid to the Borrower. 

Section 9.13 Governing Law. This Agreement, the Notes and the other Credit Documents (unless otherwise expressly provided therein)
shall be governed by, and construed and enforced in accordance with, the laws of the State of Texas. Without limiting the intent of the parties set forth above, (a) Chapter 346 of the Texas Finance Code, as amended (relating to revolving loans
and revolving tri-party accounts (formerly Tex. Rev. Civ. Stat. Ann. Art. 5069, Ch. 15)), shall not apply to this Agreement, the Notes, or the transactions contemplated hereby and (b) to the extent that any Lender may be subject to Texas law
limiting the amount of interest payable for its account, such Lender shall utilize the indicated (weekly) rate ceiling from time to time in effect. Each Letter of Credit shall be governed by either (i) the Uniform Customs and Practice for
Documentary Credits (2007 Revision), International Chamber of Commerce Publication No. 600, or (ii) the International Standby Practices (ISP98), International Chamber of Commerce Publication No. 590, in either case, including any
subsequent revisions thereof approved by a Congress of the International Chamber of Commerce and adhered to by the Issuing Lender. 

Section 9.14 Submission to Jurisdiction. Each Credit Party hereby irrevocably submits to the jurisdiction of any Texas state or
federal court sitting in Houston, Texas in any action or proceeding arising out of or relating to this Agreement or the other Credit Documents, and each Credit Party hereby irrevocably agrees that all claims in respect of such action or proceeding
may be heard and determined in such court. Each Credit Party hereby unconditionally and irrevocably waives, to the fullest extent it may effectively do so, any right it may have to the defense of an inconvenient forum to the maintenance of such
action or proceeding. Each Credit Party hereby agrees that service of copies of the summons and complaint and any other process which may be served in any such action or proceeding may be made by mailing or delivering a copy of such process to such
Credit Party at its address set forth in this Agreement. Each Credit Party hereby agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other
manner provided by law. Nothing in this Section shall affect the rights of any Lender to serve legal process in any other manner permitted by the law or affect the right of any Lender to bring any action or proceeding against any Credit Party or its
Property in the courts of any other jurisdiction. 

  
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 Section 9.15 Execution in Counterparts. This Agreement may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

Section 9.16 Waiver of Jury. EACH CREDIT PARTY, THE LENDERS, THE ADMINISTRATIVE AGENT, THE ISSUING LENDER, AND THE SWING LINE
LENDER HEREBY IRREVOCABLY WAIVE ANY AND ALL RIGHT TO TRIAL BY JURY IN RESPECT OF ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER CREDIT DOCUMENT, OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 9.17 Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any
Credit Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Credit Document, to the extent such liability is
unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

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

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such
liability under this Agreement or any other Credit Document; or 
 (iii) the variation of the terms of such liability in
connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority. 
 Section 9.18 USA Patriot
Act. Each Lender that is subject to the Patriot Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies each Credit Party that pursuant to the requirements of the Patriot Act it is required to obtain, verify
and record information that identifies such Credit Party, which information includes the name and address of such Credit Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify such Credit
Party in accordance with the Patriot Act. 
 PURSUANT TO SECTION 26.02 OF THE TEXAS BUSINESS AND COMMERCE CODE, A LOAN AGREEMENT IN
WHICH THE AMOUNT INVOLVED IN THE LOAN AGREEMENT EXCEEDS $50,000 IN VALUE IS NOT ENFORCEABLE UNLESS THE LOAN AGREEMENT IS IN WRITING AND SIGNED BY THE PARTY TO BE BOUND OR THAT PARTY’S AUTHORIZED REPRESENTATIVE. 

THE RIGHTS AND OBLIGATIONS OF THE PARTIES TO AN AGREEMENT SUBJECT TO THE PRECEDING PARAGRAPH SHALL BE DETERMINED SOLELY FROM THE WRITTEN
LOAN AGREEMENT, AND ANY PRIOR ORAL AGREEMENTS BETWEEN 

  
 -82- 

 
THE PARTIES ARE SUPERSEDED BY AND MERGED INTO THE LOAN AGREEMENT. THIS WRITTEN AGREEMENT AND THE CREDIT DOCUMENTS, AS DEFINED IN THIS AGREEMENT, REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES
WITH RESPECT TO THE SUBJECT MATTERS SET FORTH HEREIN AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. 

THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 

[Remainder of this page intentionally left blank. Signature pages follow.] 

  
 -83- 

 SCHEDULE I 

Pricing Schedule 
 The Applicable
Margin with respect to Commitment Fee, Revolving Tranche A Advances, Tranche B Term Advances and Swing Line Advances shall be determined in accordance with the following Table A: 

TABLE A 
  

											
	LIBO
Advances	 	 	Base Rate
Advances	 	 	Commitment Fee	 
			
	 	7.00	% 	 	 	6.00	% 	 	 	0.50	% 

  
 Schedule I 

  
 -1- 

 SCHEDULE II 

Commitments, Contact Information 
  

					
	ADMINISTRATIVE AGENT
	Wells Fargo Bank, National Association	  	Address:	  	1700 Lincoln St., 5th Floor
		  		  	Denver, CO 80209
		  	MAC C7300-059
		  	Attn:	  	Wholesale Loan Servicing
		  	Telephone:	  	(303) 863-5378
		  	Facsimile:	  	(303) 863-2729
			
		  	with a copy to:	  	
		  	Address:	  	1000 Louisiana, 9th Floor
		  		  	MAC T5002-090
		  		  	Houston, Texas 77002
		  	Attn:	  	Kristen Brockman, Director
		  	Telephone:	  	(713) 319-1954
		  	Facsimile:	  	(713) 739-1087
	CREDIT PARTIES
	Borrower/Guarantors	  	Address for Notices:
		  	Energy Center II
		  	575 N. Dairy Ashford Rd., Ste 300
		  	Houston, TX 77079
		  	Attn:	  	Ernesto Bautista III
		  		  	Chief Financial Officer
		  	Telephone:	  	(281) 931-8884
		  	Facsimile:	  	(281) 931-8302
	LENDERS
	Wells Fargo Bank, National Association	  	Address for Notices:
		  		  	1700 Lincoln St., 5th Floor
		  		  	Denver, CO 80209
	Revolving Commitment:	  	MAC C7300-059
	$15,000,000	  	Attn:	  	Wholesale Loan Servicing
		  	Telephone:	  	(303) 863-5378
	Tranche B Term Advances Outstanding:	  	Facsimile:	  	(303) 863-2729
	$65,000,000	  		  	
		
		  	with a copy to:
		  	Address:	  	1000 Louisiana, 9th Floor
		  		  	MAC T5002-090
		  		  	Houston, Texas 77002
		  	Attn:	  	Kristen Brockman, Vice President
		  	Telephone:	  	(713) 319-1954
		  	Facsimile:	  	(713) 739-1087

  
 Schedule II 

  
 -1- 

 EXHIBIT B 

FORM OF COMPLIANCE CERTIFICATE 

FOR THE PERIOD FROM             , 20     TO
            , 20     
 This certificate dated as of
            ,          is prepared pursuant to the Credit Agreement dated as of January 29, 2010 (as amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”) among CARBO Ceramics Inc., a Delaware corporation (“Borrower”), the lenders party thereto from time to time (the “Lenders”), and Wells Fargo Bank, National
Association, as administrative agent for such Lenders (in such capacity, the “Administrative Agent”), as issuing lender and as swing line lender. Unless otherwise defined in this certificate, capitalized terms that are defined in the
Credit Agreement shall have the meanings assigned to them by the Credit Agreement. 
 The undersigned certifies that: 

(a) all of the representations and warranties made by any one or more of the Credit Parties in the Credit Agreement and the Guaranties to
which such Credit Parties are party are true and correct in all material respects as if made on this date, except to the extent that any such representation or warranty expressly relates solely to an earlier date, in which case it shall have been
true and correct in all material respects as of such earlier date; 
 (b) attached hereto in Schedule A is a detailed spreadsheet reflecting
the covenant calculations, as of the date and for the periods covered by this certificate, the Borrower’s Capital Expenditures, Liquidity and Consolidated Cash Balance; 

[(c) that no Default or Event of Default has occurred or is continuing as of the date hereof; and] 

[(c) the following Default[s] or Event[s] of Default exist[s] as of the date hereof, if any, and the actions set forth below are being taken
to remedy such circumstances: 

                       
                 ; and] 
 (d) that as of the date
hereof for the periods set forth below the following statements, amounts, and calculations included herein and in Schedule A, were true and correct in all material respects: 
  

	I.	Section 6.19 – Capital Expenditures.1 

  

							
	 (a)
	 	 Capital Expenditures
	  	$	 	  
	 (b)
	 	 Maximum Capital Expenditure Amount
	  	$	65,000,000.00	  
			
		 	 Capital Expenditure covenant:
	  	 	(a) £ (b)	2 

  

					
	 Compliance
	  	Yes	  	No

  

	1	Calculated as of each fiscal year end, for the fiscal year then ended. 

	2 	Before and after giving effect to any Capital Expenditure, Borrower must be in pro forma compliance with the covenant set forth in Section 6.21 as of the most recently ended calendar month. 

  
 Exhibit B – Form
of Compliance Certificate 

  
 Page 1 of 3 

	II.	Section 6.21 – Consolidated Cash Balance.3 

  

					
	 Consolidated Cash Balance4
	  	$	 	  
	 Minimum Consolidated Cash Balance
	  	$	[40,000,000]5[30,000,000]6[25,000,000]7	  

  

							
	 Was Borrower subject to a “blackout period” or other legal or regulatory matter temporarily
restricting the same of securities by the Borrower under applicable securities Laws associated with one or more capital raise transactions undertaken by the Borrower at any time during the period covered by this certificate?
	  	
				
		  	Yes	  	No	  	
				
	 Compliance
	  	Yes	  	No8	  	

 Section 5.6 – Material Domestic Subsidiaries. 

 

											
			
	 (a)
	  	 Non-Material Domestic Subsidiaries’ collective operating income9
	  	$	            	  
			
	 (b)
	  	 Borrower’s consolidated operating income
	  	$	            	  
			
		  	 Operating income test = (a) divided by (b)
	  	 	            	% 
			
	 (c)
	  	 Non-Material Domestic Subsidiaries collective book value of total assets
	  	$	            	  
				
		  	 (d)
	  	 Borrower’s consolidated book value of total assets
	  	$	            	  
				
		  		  	 Total book value test = (c) divided by (d)
	  	 	            	% 
					
		  		  	 Is either (a) divided by (b) or (c) divided by (d) equal to or greater than 10%
	  	 Yes        
	  	 	No        	  

 If the answer to the above question is yes, attached hereto in Annex A is a list of Non-Material Domestic
Subsidiaries that will need to execute and deliver to the Administrative Agent a joinder to the Guaranty or otherwise deliver a Guaranty, in any event, in form and substance satisfactory to the Administrative Agent, in order to comply with
Section 5.6 of the Credit Agreement. 
  

	3 	Calculated as of each calendar month end, commencing with the calendar month ending August 31, 2016. 

	4 	The aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case, denominated in Dollars
and held or owned by (whether directly or indirectly), credited to the account of, or otherwise reflected as an asset on the balance sheet of, the Borrower and its consolidated Subsidiaries maintained with the Administrative Agent and subject to an
account control agreement. 

	5 	Use for calendar months ending August 31, 2016 through and including March 31, 2017. 

	6 	Use for calendar months ending April 30, 2017 through and including December 31, 2017. 

	7 	Use for calendar months ending on and after January 31, 2018. 

	8 	Subject to 30-day cure period if Borrower is subject to a “blackout period” or other legal or regulatory matter temporarily restricting the sale of securities by the Borrower under applicable securities laws
associated with one or more capital raise transactions undertaken by the Borrower. 

	9 	Calculated as of each fiscal quarter end, for the four-fiscal quarter period then ended. 

  
 Exhibit B – Form
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 If the answer to the above question is no, the Borrower may attach hereto as Annex B, a list of
Non-Material Domestic Subsidiaries that the Borrower requests to be released from their respective guaranty obligations and a detailed calculation of compliance with the requirements of Section 5.6 of the Credit Agreement after giving effect to
each such release. 
 IN WITNESS THEREOF, I have hereto signed my name to this Compliance Certificate as of
                 ,         . 
  

			
	CARBO CERAMICS INC.
	
	  

	Name:	 	  

	Title:	 	  

  
 Exhibit B – Form
of Compliance Certificate 

  
 Page 3 of 3 

 EXHIBIT C 

FORM OF GUARANTY AGREEMENT 

This Guaranty Agreement dated as of April 27, 2016 (as amended, supplemented, amended and restated or otherwise modified from time to
time, this “Guaranty”) is executed by each of the undersigned (individually a “Guarantor” and collectively, the “Guarantors”), in favor of Wells Fargo Bank, National Association, as Administrative
Agent (as defined below) for the ratable benefit of the Secured Parties (as defined in the Credit Agreement). 
 INTRODUCTION 

A. This Guaranty is given in connection with that certain Credit Agreement dated as of January 29, 2010 (as the same may be amended,
restated, supplement or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the lenders party thereto (the “Lenders”), and Wells Fargo Bank, National Association, as administrative
agent (the “Administrative Agent”), Swing Line Lender and as Issuing Lender for the Lenders. 
 B. Each Guarantor, other
than the Borrower, is a Material Domestic Subsidiary (as defined in the Credit Agreement) of the Borrower and the transactions contemplated by the Credit Agreement and the other Credit Documents (as defined in the Credit Agreement), are (i) in
furtherance of such Guarantor’s corporate purposes, (ii) necessary or convenient to the conduct, promotion or attainment of such Guarantor’s business, and (iii) for such Guarantor’s direct or indirect benefit. 

C. Each Guarantor is executing and delivering this Guaranty (i) to induce the Lenders to provide and to continue to provide Advances
under the Credit Agreement, (ii) to induce the Issuing Lender to provide and to continue to provide Letters of Credit under the Credit Agreement, (iii) to induce the Secured Swap providers to enter into Hedging Arrangements with the Credit
Parties, (iv) to induce the Banking Services Providers to provide Banking Services to the Credit Parties and (v) intending it to be a legal, valid, binding, enforceable and continuing obligation of such Guarantor. 

NOW, THEREFORE, in consideration of the premises, each Guarantor hereby agrees as follows: 

Section 1. Definitions. All capitalized terms not otherwise defined in this Guaranty that are defined in the Credit Agreement
shall have the meanings assigned to such terms by the Credit Agreement. 
 Section 2. Guaranty. 

(a) Each Guarantor hereby absolutely, unconditionally and irrevocably guarantees the punctual payment and performance, when due, whether at
stated maturity, by acceleration or otherwise, of all Secured Obligations (including all Obligations, Banking Service Obligations and Secured Swap Obligations (other than Excluded Swap Obligations)), whether absolute or contingent and whether for
principal, interest (including, without limitation, interest that but for the existence of a bankruptcy, reorganization or similar proceeding would accrue), fees, amounts owing in respect of Letter of Credit Obligations, amounts required to be
provided 

  
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as collateral, indemnities, expenses or otherwise (collectively, the “Guaranteed Obligations”). Without limiting the generality of the foregoing, each Guarantor’s liability
shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by the Borrower or any Material Domestic Subsidiary of the Borrower to the Administrative Agent, the Issuing Lender, the Swing Line Lender or any Lender
under the Credit Documents and by the Borrower or any Material Domestic Subsidiary of the Borrower to the Secured Swap Provider or any Banking Services Provider but for the fact that they are unenforceable or not allowable due to insolvency or the
existence of a bankruptcy, reorganization or similar proceeding involving the Borrower or any Material Domestic Subsidiary of the Borrower. 

(b) In order to provide for just and equitable contribution among the Guarantors, the Guarantors agree that in the event a payment shall be
made on any date under this Guaranty by any Guarantor (the “Funding Guarantor”), each other Guarantor (each a “Contributing Guarantor”) shall indemnify the Funding Guarantor in an amount equal to the amount of such
payment, in each case multiplied by a fraction the numerator of which shall be the net worth of the Contributing Guarantor as of such date and the denominator of which shall be the aggregate net worth of all the Contributing Guarantors together with
the net worth of the Funding Guarantor as of such date. Any Contributing Guarantor making any payment to a Funding Guarantor pursuant to this Section 2(b) shall be subrogated to the rights of such Funding Guarantor to the extent of such
payment. 
 (c) Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide
such funds or other support as may be needed from time to time by each other Credit Party to honor all of its obligations under this Guaranty in respect of Secured Swap Obligations (provided, however, that each Qualified ECP Guarantor shall only be
liable under this Section 2 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 2, or otherwise under this Guaranty, voidable under applicable law relating to fraudulent
conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Termination Date (as defined in the Security Agreement). Each
Qualified ECP Guarantor intends that this Section 2 constitute, and this Section 2 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each other Credit Party for all purposes of
Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 (d) Anything contained in this Guaranty to the contrary notwithstanding, the
obligations of each Guarantor under this Guaranty on any date shall be limited to a maximum aggregate amount equal to the largest amount that would not, on such date, render its obligations hereunder subject to avoidance as a fraudulent transfer or
conveyance under Section 548 of the United States Bankruptcy Code (11 U.S.C. §§ 101 et seq) or any applicable provisions of comparable laws relating to bankruptcy, insolvency, or reorganization, or relief of debtors (collectively, the
“Fraudulent Transfer Laws”), but only to the extent that any Fraudulent Transfer Law has been found in a final non-appealable judgment of a court of competent jurisdiction to be applicable to such obligations as of such date, in
each case: 
 (i) after giving effect to all liabilities of such Guarantor, contingent or otherwise, that are relevant under the Fraudulent
Transfer Laws, but specifically excluding: 
 (A) any liabilities of such Guarantor in respect of intercompany indebtedness to the Borrower
or other affiliates of the Borrower to the extent that such indebtedness would be discharged in an amount equal to the amount paid by such Guarantor hereunder; 

  
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 (B) any liabilities of such Guarantor under this Guaranty; and 

(C) any liabilities of such Guarantor under each of its other guarantees of and joint and several co-borrowings of Debt, in each case entered
into on the date this Guaranty becomes effective, which contain a limitation as to maximum amount substantially similar to that set forth in this Section 2(d) (each such other guarantee and joint and several co-borrowing entered into on the
date this Guaranty becomes effective, a “Competing Guaranty”) to the extent such Guarantor’s liabilities under such Competing Guaranty exceed an amount equal to (1) the aggregate principal amount of such Guarantor’s
obligations under such Competing Guaranty (notwithstanding the operation of that limitation contained in such Competing Guaranty that is substantially similar to this Section 2(d)), multiplied by (2) a fraction (i) the numerator of
which is the aggregate principal amount of such Guarantor’s obligations under such Competing Guaranty (notwithstanding the operation of that limitation contained in such Competing Guaranty that is substantially similar to this
Section 2(d)), and (ii) the denominator of which is the sum of (x) the aggregate principal amount of the obligations of such Guarantor under all other Competing Guaranties (notwithstanding the operation of those limitations contained
in such other Competing Guaranties that are substantially similar to this Section 2(d)), (y) the aggregate principal amount of the obligations of such Guarantor under this Guaranty (notwithstanding the operation of this Section 2(d)),
and (z) the aggregate principal amount of the obligations of such Guarantor under such Competing Guaranty (notwithstanding the operation of that limitation contained in such Competing Guaranty that is substantially similar to this
Section 2(d)); and 
 (ii) after giving effect as assets to the value (as determined under the applicable provisions of
the Fraudulent Transfer Laws) of any rights to subrogation, reimbursement, indemnification or contribution of such Guarantor pursuant to applicable law or pursuant to the terms of any agreement (including any such right of contribution under
Section 2(b)). 
 Section 3. Guaranty Absolute. Each Guarantor guarantees that the Guaranteed Obligations will be paid
strictly in accordance with the terms of the Credit Documents, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Administrative Agent, the Issuing Lender, the
Swing Line Lender, any Lender, any Secured Swap Provider or any Banking Services Provider with respect thereto but subject to Section 2(d) above. The obligations of each Guarantor under this Guaranty

  
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are independent of the Guaranteed Obligations or any other obligations of any other Person under the Credit Documents or in connection with any Hedging Arrangement or any Banking Services, and a
separate action or actions may be brought and prosecuted against a Guarantor to enforce this Guaranty, irrespective of whether any action is brought against the Borrower, any other Guarantor or any other Person or whether the Borrower, any other
Guarantor or any other Person is joined in any such action or actions. The liability of each Guarantor under this Guaranty shall be irrevocable, absolute and unconditional irrespective of, and each Guarantor hereby irrevocably waives any defenses it
may now or hereafter have in any way relating to, any or all of the following: 
 (a) any lack of validity or enforceability of any Credit
Document or any agreement or instrument relating thereto or any part of the Guaranteed Obligations being irrecoverable; 
 (b) any change in
the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed Obligations or any other obligations of any Person under the Credit Documents or any agreement or instrument relating to Hedging Arrangements with a
Secured Swap Provider or Banking Services with a Banking Services Provider, or any other amendment or waiver of or any consent to departure from any Credit Document or any agreement or instrument relating to Hedging Arrangements with a Secured Swap
Provider or Banking Services with a Banking Services Provider, including, without limitation, any increase in the Guaranteed Obligations resulting from the extension of additional credit to the Borrower or otherwise; 

(c) any taking, exchange, release or non-perfection of any collateral, or any taking, release or amendment or waiver of or consent to
departure from any other guaranty, for all or any of the Guaranteed Obligations; 
 (d) any manner of application of collateral, or proceeds
thereof, to all or any of the Guaranteed Obligations, or any manner of sale or other disposition of any collateral for all or any of the Guaranteed Obligations or any other obligations of any other Person under the Credit Documents or any other
assets of the Borrower or any Guarantor; 
 (e) any change, restructuring or termination of the corporate structure or existence of the
Borrower or any Guarantor; 
 (f) any failure of any Lender, the Administrative Agent, the Issuing Lender, the Swing Line Lender or any
other Secured Party to disclose to the Borrower or any Guarantor any information relating to the business, condition (financial or otherwise), operations, properties or prospects of any Person now or in the future known to the Administrative Agent,
the Issuing Lender, the Swing Line Lender, any Lender or any other Secured Party (and each Guarantor hereby irrevocably waives any duty on the part of any Secured Party to disclose such information); 

(g) any signature of any officer of the Borrower or any Guarantor being mechanically reproduced in facsimile or otherwise; or 

  
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 (h) any other circumstance or any existence of or reliance on any representation by any Secured
Party that might otherwise constitute a defense available to, or a discharge of, the Borrower, any Guarantor or any other guarantor, surety or other Person. 

Section 4. Continuation and Reinstatement, Etc. Each Guarantor agrees that, to the extent that payments of any of the Guaranteed
Obligations are made, or any Secured Party receives any proceeds of collateral, and such payments or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, or otherwise required to be repaid,
then to the extent of such repayment the Guaranteed Obligations shall be reinstated and continued in full force and effect as of the date such initial payment or collection of proceeds occurred. EACH GUARANTOR SHALL DEFEND AND INDEMNIFY EACH
SECURED PARTY FROM AND AGAINST ANY CLAIM, DAMAGE, LOSS, LIABILITY, COST, OR EXPENSE UNDER THIS SECTION 4 (INCLUDING REASONABLE ATTORNEYS’ FEES AND EXPENSES) IN THE DEFENSE OF ANY SUCH ACTION OR SUIT, INCLUDING SUCH CLAIM, DAMAGE, LOSS,
LIABILITY, COST, OR EXPENSE ARISING AS A RESULT OF THE INDEMNIFIED SECURED PARTY’S OWN NEGLIGENCE BUT EXCLUDING SUCH CLAIM, DAMAGE, LOSS, LIABILITY, COST, OR EXPENSE THAT IS FOUND IN A FINAL, NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT
JURISDICTION TO HAVE RESULTED FROM SUCH INDEMNIFIED SECURED PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT; PROVIDED, HOWEVER, THAT IT IS THE INTENTION OF THE PARTIES HERETO THAT EACH INDEMNIFIED SECURED PARTY BE INDEMNIFIED IN THE CASE OF ITS
OWN NEGLIGENCE (OTHER THAN GROSS NEGLIGENCE), REGARDLESS OF WHETHER SUCH NEGLIGENCE IS SOLE OR CONTRIBUTORY, ACTIVE OR PASSIVE, IMPUTED, JOINT OR TECHNICAL. 

Section 5. Waivers and Acknowledgments. 

(a) Each Guarantor hereby waives promptness, diligence, presentment, notice of acceptance and any other notice with respect to any of the
Guaranteed Obligations and this Guaranty and any requirement that any Secured Party protect, secure, perfect or insure any Lien or any property or exhaust any right or take any action against the Borrower or any other Person or any collateral. 

(b) Each Guarantor hereby irrevocably waives any right to revoke this Guaranty, and acknowledges that this Guaranty is continuing in nature
and applies to all Guaranteed Obligations, whether existing now or in the future. 
 (c) Each Guarantor acknowledges that it will receive
substantial direct and indirect benefits from (i) the financing arrangements involving the Borrower or any Guarantor contemplated by the Credit Documents, (ii) the Hedging Arrangements with a Secured Swap Provider and (iii) the
Banking Services provided to any Guarantor by a Banking Services Provider, and that the waivers set forth in this Guaranty are knowingly made in contemplation of such benefits. 

  
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 Section 6. Subrogation and Subordination. 

(a) No Guarantor will exercise any rights that it may now have or hereafter acquire against the Borrower or any other Person to the extent
that such rights arise from the existence, payment, performance or enforcement of such Guarantor’s obligations under this Guaranty or any other Credit Document, including, without limitation, any right of subrogation, reimbursement,
exoneration, contribution or indemnification and any right to participate in any claim or remedy of any Secured Party against the Borrower or any other Person, whether or not such claim, remedy or right arises in equity or under contract, statute or
common law, including, without limitation, the right to take or receive from the Borrower or any other Person, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim,
remedy or right, unless and until the Termination Date (as defined in the Security Agreement). If any amount shall be paid to a Guarantor in violation of the preceding sentence at any time prior to or on the Termination Date (as defined in the
Security Agreement), such amount shall be held in trust for the benefit of the Secured Parties and shall forthwith be paid to the Administrative Agent to be credited and applied to the Guaranteed Obligations and any and all other amounts payable by
the Guarantors under this Guaranty, whether matured or unmatured, in accordance with the terms of the Credit Documents. 
 (b) Each
Guarantor agrees that, until after the Termination Date (as defined in the Security Agreement), all Subordinated Guarantor Obligations (as hereinafter defined) are and shall be subordinate and inferior in rank, preference and priority to all
obligations of such Guarantor in respect of the Guaranteed Obligations hereunder, and such Guarantor shall, if requested by the Administrative Agent, execute a subordination agreement reasonably satisfactory to the Administrative Agent to more fully
set out the terms of such subordination. Each Guarantor agrees that none of the Subordinated Guarantor Obligations shall be secured by a lien or security interest on any assets of such Guarantor or any ownership interests in any Subsidiary of such
Guarantor. “Subordinated Guarantor Obligations” means any and all obligations and liabilities of a Guarantor owing to the Borrower or any other Guarantor, direct or contingent, due or to become due, now existing or hereafter
arising, including, without limitation, all future advances, with interest, attorneys’ fees, expenses of collection and costs. 

Section 7. Representations and Warranties. Each Guarantor hereby represents and warrants as follows: 

(a) There are no conditions precedent to the effectiveness of this Guaranty. Such Guarantor benefits from executing this Guaranty. 

(b) Such Guarantor has, independently and without reliance upon the Administrative Agent or any Lender and based on such documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into this Guaranty, and such Guarantor has established adequate means of obtaining from the Borrower and each other relevant Person on a continuing basis
information pertaining to, and is now and on a continuing basis will be completely familiar with, the business, financial condition, operations and properties of the Borrower and each other relevant Person. 

(c) The obligations of such Guarantor under this Guaranty are the valid, binding and legally enforceable obligations of such Guarantor,
(except as limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws at the time in 

  
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effect affecting the rights of creditors generally and (ii) general principles of equity whether applied by a court of law or equity), and the execution and delivery of this Guaranty by such
Guarantor has been duly and validly authorized in all respects by all requisite corporate, limited liability company or partnership actions on the part of such Guarantor, and the Person who is executing and delivering this Guaranty on behalf of such
Guarantor has full power, authority and legal right to so do, and to observe and perform all of the terms and conditions of this Guaranty on such Guarantor’s part to be observed or performed. 

Section 8. Right of Set-Off. Upon the occurrence and during the continuance of any Event
of Default, any Lender or the Administrative Agent, the Issuing Lender, the Swing Line Lender and any other Secured Party is hereby authorized at any time, to the fullest extent permitted by law, to set-off and apply any deposits (general or
special, time or demand, provisional or final) and other indebtedness owing by such Secured Party to the account of each Guarantor against any and all of the obligations of the Guarantors under this Guaranty, irrespective of whether or not such
Secured Party shall have made any demand under this Guaranty and although such obligations may be contingent and unmatured. Such Secured Party shall promptly notify the affected Guarantor after any such
set-off and application is made, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Secured
Parties under this Section 8 are in addition to other rights and remedies (including, without limitation, other rights of set-off) which any Secured Party may have. 

Section 9. Amendments, Etc. No amendment or waiver of any provision of this Guaranty and no consent to any departure by any
Guarantor therefrom shall in any event be effective unless the same shall be in writing and signed by the affected Guarantor and the Administrative Agent, and then such waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given. 
 Section 10. Notices, Etc. All notices and other communications provided for hereunder shall
be sent in the manner provided for in Section 9.9 of the Credit Agreement, in writing and hand delivered with written receipt, telecopied, sent by facsimile, sent by a nationally recognized overnight courier, or sent by certified mail, return
receipt requested, if to a Guarantor, at its address for notices specified in Schedule II to the Security Agreement, and if to the Administrative Agent, the Issuing Lender or any Lender, at its address specified in or pursuant to the Credit
Agreement. All such notices and communications shall be effective when delivered. 
 Section 11. No Waiver: Remedies. No failure
on the part of the Administrative Agent or any other Secured Party to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or
further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 

Section 12. Continuing Guaranty: Assignments under the Credit Agreement. This Guaranty is a continuing guaranty and shall
(a) remain in full force and effect until the Termination Date (as defined in the Security Agreement), (b) be binding upon each Guarantor and its successors and assigns, (c) inure to the benefit of and be enforceable by the

  
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Administrative Agent, each Lender, the Issuing Lender, and the Swing Line Lender and their respective successors, and, in the case of transfers and assignments made in accordance with the Credit
Agreement, transferees and assigns, (d) inure to the benefit of and be enforceable by a Secured Swap Provider and each of its successors, transferees and assigns to the extent such successor, transferee or assign was a Lender or an Affiliate of
a Lender on the Amendment No. 4 Effective Date, and (e) inure to the benefit of and be enforceable by a Banking Services Provider and each of its successors, transferees and assigns to the extent such successor, transferee or assign was a
Lender or an Affiliate of a Lender on the Amendment No. 4 Effective Date. Without limiting the generality of the foregoing clause (c), subject to Section 9.7 of the Credit Agreement, any Lender may assign or otherwise transfer all or any
portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitment, the Advances owing to it and the Note or Notes held by it) to any other Person, and such other Person shall
thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise, subject, however, in all respects to the provisions of the Credit Agreement. Each Guarantor acknowledges that upon any Person becoming a
Lender, the Administrative Agent, the Issuing Lender or the Swing Line Lender in accordance with the Credit Agreement, such Person shall be entitled to the benefits hereof. 

Section 13. Governing Law. This Guaranty shall be governed by, and construed and enforced in accordance with, the laws of the
State of Texas. Each Guarantor hereby irrevocably submits to the jurisdiction of any Texas state or federal court sitting in Houston, Texas in any action or proceeding arising out of or relating to this Guaranty and the other Credit Documents, and
each Guarantor hereby irrevocably agrees that all claims in respect of such action or proceeding may be heard and determined in such court. Each Guarantor hereby irrevocably waives, to the fullest extent it may effectively do so, any right it may
have to the defense of an inconvenient forum to the maintenance of such action or proceeding. Each Guarantor hereby agrees that service of copies of the summons and complaint and any other process which may be served in any such action or proceeding
may be made by mailing or delivering a copy of such process to such Guarantor at its address set forth in the Credit Agreement or set forth on the signature page of this Guaranty. Each Guarantor agrees that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Section shall affect the rights of any Secured Party to serve legal process in any other manner
permitted by the law or affect the right of any Secured Party to bring any action or proceeding against any Guarantor or its Property in the courts of any other jurisdiction. 

Section 14. INDEMNIFICATION. EACH GUARANTOR HEREBY INDEMNIFIES AND HOLDS HARMLESS THE ADMINISTRATIVE AGENT, EACH SECURED
PARTY AND EACH OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS (THE “INDEMNITEES”) FROM AND AGAINST ANY AND ALL CLAIMS, DAMAGES, LOSSES, LIABILITIES, COSTS, AND EXPENSES OF ANY KIND OR NATURE WHATSOEVER TO WHICH ANY OF
THEM MAY BECOME SUBJECT RELATING TO OR ARISING OUT OF THIS GUARANTY, INCLUDING SUCH INDEMNITEE’S OWN NEGLIGENCE, EXCEPT TO THE EXTENT SUCH CLAIMS, LOSSES OR LIABILITIES ARE FOUND IN A FINAL, NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT
JURISDICTION TO HAVE RESULTED FROM SUCH INDEMNITEE’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 

  
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 Section 15. WAIVER OF JURY TRIAL. EACH GUARANTOR HEREBY KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW ANY RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, EACH CREDIT DOCUMENT, OR ANY COURSE OF
CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE ADMINISTRATIVE AGENT, ANY OTHER SECURED PARTY OR ANY OBLIGOR IN CONNECTION THEREWITH. EACH GUARANTOR ACKNOWLEDGES AND AGREES THAT IT HAS RECEIVED FULL AND SUFFICIENT
CONSIDERATION FOR THIS PROVISION (AND EACH OTHER PROVISION OF EACH OTHER CREDIT DOCUMENT TO WHICH IT IS A PARTY) AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE ADMINISTRATIVE AGENT, EACH LENDER AND ISSUING LENDER ENTERING INTO THE CREDIT
DOCUMENTS. 
 Section 16. Additional Guarantors. Pursuant to Section 5.6 of the Credit Agreement, certain Material
Domestic Subsidiaries that were not in existence on the Amendment No. 7 Effective Date are required to enter into this Guaranty as a Guarantor upon becoming a Material Domestic Subsidiary. Upon execution and delivery after the date hereof by
the Administrative Agent and such Material Domestic Subsidiary of an instrument in the form of Annex 1, such Material Domestic Subsidiary shall become a Guarantor hereunder with the same force and effect as if originally named as a Guarantor
herein. The execution and delivery of any instrument adding an additional Guarantor as a party to this Guaranty shall not require the consent of any other Guarantor hereunder. The rights and obligations of each Guarantor hereunder shall remain in
full force and effect notwithstanding the addition of any new Guarantor as a party to this Guaranty. 
 Section 17. USA Patriot
Act. Each Secured Party that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any other Secured Party) hereby notifies each Guarantor that pursuant to the requirements of the USA
Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001))(the “Act”), it is required to obtain, verify and record information that identifies such Guarantor, which information includes the name and address of such
Guarantor and other information that will allow such Secured Party or the Administrative Agent, as applicable, to identify such Guarantor in accordance with the Act. Following a request by any Secured Party, each Guarantor shall promptly furnish all
documentation and other information that such Secured Party reasonably requests in order to comply with its ongoing obligations under the applicable “know your customer” and anti-money laundering rules and regulations, including the Act.

 Section 18. ORAL AGREEMENTS. PURSUANT TO SECTION 26.02 OF THE TEXAS BUSINESS AND COMMERCE CODE, AN AGREEMENT
IN WHICH THE AMOUNT INVOLVED IN AGREEMENT EXCEEDS $50,000 IN VALUE IS NOT ENFORCEABLE UNLESS THE AGREEMENT IS IN WRITING AND SIGNED BY THE PARTY TO BE BOUND OR THAT PARTY’S AUTHORIZED REPRESENTATIVE. 

  
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 THE RIGHTS AND OBLIGATIONS OF THE PARTIES TO AN AGREEMENT SUBJECT TO THE PRECEDING PARAGRAPH
SHALL BE DETERMINED SOLELY FROM THE WRITTEN AGREEMENT, AND ANY PRIOR ORAL AGREEMENTS BETWEEN THE PARTIES ARE SUPERSEDED BY AND MERGED INTO THIS GUARANTY. THIS GUARANTY AND THE CREDIT DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES WITH
RESPECT TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. 

THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

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 Each Guarantor has caused this Guaranty to be duly executed as of the date first above written.

  

			
	GUARANTORS:
	
	CARBO CERAMICS INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	FALCON TECHNOLOGIES AND SERVICES, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	STRATAGEN, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
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 Annex 1 to the Guaranty Agreement 

SUPPLEMENT NO.      dated as of
                     (the “Supplement”), to the Guaranty Agreement dated as of April 27, 2016 (as amended, supplemented or
otherwise modified from time to time, the “Guaranty Agreement”), among CARBO Ceramics Inc. (the “Borrower”), each Material Domestic Subsidiary of Borrower party thereto (individually, a “Guarantor”
and collectively, the “Guarantors”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (the “Administrative Agent”) for the benefit of the Administrative Agent and the Lenders (as defined below,
together with the Administrative Agent, each a “Secured Party”)). 
 A. Reference is made to the Credit
Agreement dated as of January 29, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the lenders from time to time party thereto (the
“Lenders”), Wells Fargo Bank, National Association, as Administrative Agent, as issuing lender (the “Issuing Lender”) and as swing line lender. 

B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Guaranty Agreement and
the Credit Agreement. 
 C. The Guarantors have entered into the Guaranty Agreement in order to induce the Lenders to make Advances
and the Issuing Lender to issue Letters of Credit. Section 16 of the Guaranty Agreement provides that additional Subsidiaries of the Borrower may become Guarantors under the Guaranty Agreement by execution and delivery of an instrument in the
form of this Supplement. The undersigned Material Domestic Subsidiary of the Borrower (the “New Guarantor”) is executing this Supplement in accordance with the requirements of the Credit Agreement to become a Guarantor under the
Guaranty Agreement in order to induce the Lenders to make additional Advances and the Issuing Lender to issue additional Letters of Credit and as consideration for Advances previously made and Letters of Credit previously issued. 

Accordingly, the Administrative Agent and the New Guarantor agree as follows: 

SECTION 1. In accordance with Section 16 of the Guaranty Agreement, the New Guarantor by its signature below becomes a Guarantor under
the Guaranty Agreement with the same force and effect as if originally named therein as a Guarantor and the New Guarantor hereby (a) agrees to all the terms and provisions of the Guaranty Agreement applicable to it as a Guarantor thereunder and
(b) represents and warrants that the representations and warranties made by it as a Guarantor thereunder are true and correct in all material respects on and as of the date hereof. Each reference to a “Guarantor” in the Guaranty
Agreement shall be deemed to include the New Guarantor. The Guaranty Agreement is hereby incorporated herein by reference. 
 SECTION 2. The
New Guarantor represents and warrants to the Administrative Agent and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it by all requisite corporate limited liability company or partnership action
and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms (subject to applicable bankruptcy, reorganization, insolvency, moratorium or similar laws 

  
 Exhibit C – Form
of Guaranty Agreement 

  
 Page 12 of 14 

 
affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity
or at law)). 
 SECTION 3. This Supplement may be executed in counterparts, each of which shall constitute an original, but all of which
when taken together shall constitute a single contract. This Supplement shall become effective when the Administrative Agent shall have received counterparts of this Supplement that, when taken together, bear the signatures of the New Guarantor and
the Administrative Agent. Delivery of an executed signature page to this Supplement by fax transmission shall be as effective as delivery of a manually executed counterpart of this Supplement. 

SECTION 4. Except as expressly supplemented hereby, the Guaranty Agreement shall remain in full force and effect. 

SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS. The New
Guarantor hereby irrevocably submits to the jurisdiction of any Texas state or federal court sitting in Houston, Texas in any action or proceeding arising out of or relating to this Supplement or the Guaranty and the other Credit Documents, and the
New Guarantor hereby irrevocably agrees that all claims in respect of such action or proceeding may be heard and determined in such court. The New Guarantor hereby irrevocably waives, to the fullest extent it may effectively do so, any right it may
have to the defense of an inconvenient forum to the maintenance of such action or proceeding. The New Guarantor hereby agrees that service of copies of the summons and complaint and any other process which may be served in any such action or
proceeding may be made by mailing or delivering a copy of such process to such Guarantor at its address set forth on the signature page hereof. The New Guarantor agrees that a final judgment in any such action or proceeding shall be conclusive and
may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Section shall affect the rights of any Secured Party to serve legal process in any other manner permitted by the law or affect the
right of any Secured Party to bring any action or proceeding against the New Guarantor or its Property in the courts of any other jurisdiction. 

SECTION 6. THE NEW GUARANTOR HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW ANY
RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, EACH CREDIT DOCUMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF
THE ADMINISTRATIVE AGENT, ANY OTHER SECURED PARTY OR ANY OBLIGOR IN CONNECTION THEREWITH. THE NEW GUARANTOR ACKNOWLEDGES AND AGREES THAT IT HAS RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR THIS PROVISION (AND EACH OTHER PROVISION OF EACH OTHER
CREDIT DOCUMENT TO WHICH IT IS A PARTY) AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE ADMINISTRATIVE AGENT, EACH LENDER AND ISSUING LENDER ENTERING INTO THE CREDIT DOCUMENTS. 

  
 Exhibit C – Form
of Guaranty Agreement 

  
 Page 13 of 14 

 SECTION 7. In case any one or more of the provisions contained in this Supplement should be held
invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Guaranty Agreement shall not in any way be affected or impaired thereby (it being understood that the
invalidity of a particular provision hereof in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the
invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 8. All communications and notices hereunder shall be in writing and given as provided in Section 10 of the Guaranty Agreement.

 THIS SUPPLEMENT, THE GUARANTY AGREEMENT AND THE OTHER CREDIT DOCUMENTS, AS DEFINED IN THE CREDIT AGREEMENT REFERRED TO IN THIS
SUPPLEMENT, REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. 

THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES HERETO. 

IN WITNESS WHEREOF, the New Guarantor and the Administrative Agent have duly executed this Supplement to the Guaranty Agreement as of the day
and year first above written. 
  

			
	[Name of New Guarantor]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit C – Form
of Guaranty Agreement 

  
 Page 14 of 14

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