Document:

2010 Omnibus Incentive Plan

 Exhibit 10.A 

Mentor Graphics Corporation 

2010 Omnibus Incentive Plan 

Article 1. Establishment, Purpose, and Duration 

1.1 Establishment. Mentor Graphics Corporation, an Oregon corporation (hereinafter referred to as the “Company”),
establishes an incentive compensation plan to be known as the Mentor Graphics Corporation 2010 Omnibus Incentive Plan (hereinafter referred to as the “Plan”), as set forth in this document. This Plan permits the issuance of Nonqualified
Stock Options, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Deferred Stock Units, Performance Shares, Performance Units, Cash-Based Awards and Other Stock-Based Awards. This Plan shall become
effective upon stockholder approval and shall remain in effect as provided in Section 1.3 hereof. 
 1.2 Purpose of this
Plan. The purpose of this Plan is to provide a means whereby Employees, Non-employee Directors, and Third Party Service Providers of the Company develop a sense of proprietorship and personal involvement in the development and financial success
of the Company, and to encourage them to devote their best efforts to the business of the Company, thereby advancing the interests of the Company and its stockholders. A further purpose of this Plan is to provide a means through which the Company
may attract and retain able individuals to become Employees, Non-employee Directors or Third Party Service Providers of the Company. This Plan is intended to provide a means whereby those individuals upon whom the responsibilities of the successful
administration and management of the Company are of importance can acquire and maintain stock ownership, thereby strengthening their concern for the welfare of the Company. 

1.3 Duration of this Plan. Unless sooner terminated as provided herein, this Plan shall terminate on March 10, 2020;
provided, however, that the term of this Plan shall be extended for ten years following any action by the Board approving an increase in the number of Shares available for issuance under the Plan, which action is subsequently approved within 12
months by the stockholders. After this Plan is terminated, no Awards may be granted but Awards previously granted shall remain outstanding in accordance with their applicable terms and conditions and this Plan’s terms and conditions.

 Article 2. Definitions 

Whenever used in this Plan, the following terms shall have the meanings set forth below, and when the meaning is intended, the initial letter of the word
shall be capitalized. 
 2.1 “Affiliate” shall mean any corporation or other entity (including, but not limited
to, a partnership or a limited liability company) that is affiliated with the Company through an interest of more than fifty percent (50%) by reason of stock or equity ownership or otherwise, and is designated as an Affiliate for purposes of
this Plan by the Committee. 
 2.2 “Annual Award Limit” or “Annual Award Limits” have the
meaning set forth in Section 4.3. 
 2.3 “Award” means, individually or collectively, a grant under this
Plan of Nonqualified Stock Options, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Deferred Stock Units, Performance Shares, Performance Units, Cash-Based Awards or Other Stock-Based Awards, in each
case subject to the terms of this Plan. 
 2.4 “Award Agreement” means either (i) a written or electronic
agreement entered into by the Company and a Participant setting forth the terms and provisions applicable to an Award granted under this Plan, including any amendment or modification thereof, or (ii) a written or electronic statement issued by
the Company to a Participant describing the terms and provisions of such Award, including any amendment or modification thereof. The Committee may modify the Company’s Award process from time to time in its sole discretion, including by
providing for the use of electronic, internet or other non-paper Award Agreements, and the use of electronic, internet or other non-paper means for the acceptance thereof and actions thereunder by a Participant. 

 

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 2.5 “Beneficial Owner” or “Beneficial Ownership” shall
have the meaning ascribed to such term in Rule 13d-3 of the General Rules and Regulations under the Exchange Act. 
 2.6
“Board” or “Board of Directors” means the Board of Directors of the Company. 
 2.7
“Cash-Based Awards” means an Award, denominated in cash, granted to a Participant as described in Article 10. 

2.8 “Change of Control” means a situation where any of the following events occur: 

(a) Acquisition of Stock by Third Party. The acquisition by any Person of Beneficial Ownership of 40% or more of either the
then-outstanding shares of common stock of the Company or the Outstanding Voting Securities; provided, however, that, for purposes of this Section 2.8(a), the following acquisitions shall not constitute a Change of Control: (i) any
acquisition directly from the Company, (ii) any acquisition by the Company, or (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Subsidiary of the Company; 

(b) Change in Board of Directors. Individuals who, as of the Grant Date of an Award, constitute the Board, and any new
director whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two thirds of the directors then still in office who were directors on the Grant Date or whose election or
nomination for election was previously so approved (collectively, the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board; 

(c) Corporate Transactions. The effective date of a reorganization, merger or consolidation of the Company (a
“Business Combination”), in each case, unless immediately following such Business Combination: (i) all or substantially all of the Persons who were Beneficial Owners of Outstanding Voting Securities immediately prior to such Business
Combination beneficially own, directly or indirectly, more than 51% of the combined voting power of the then outstanding securities entitled to vote generally in the election of directors of the corporation resulting from such Business Combination
(including, without limitation, a corporation which as a result of such transaction either owns the Company or all or substantially all of the Company’s assets either directly or through one or more Subsidiaries) in substantially the same
proportions as their ownership, immediately prior to such Business Combination, of the Outstanding Voting Securities; (ii) no Person (excluding any corporation resulting from such Business Combination) is the Beneficial Owner, directly or
indirectly, of 40% or more of the combined voting power of the then outstanding securities entitled to vote generally in the election of directors of such corporation except to the extent that such ownership existed prior to such Business
Combination; and (iii) at least a majority of the board of directors of the corporation resulting from such Business Combination were Continuing Directors at the time of the execution of the initial agreement, or of the action of the Board,
providing for such Business Combination; 
 (d) Liquidation. The approval by the shareholders of the Company of a
complete liquidation of the Company or an agreement or series of agreements for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than factoring the Company’s current receivables or escrows
due (or, if such approval is not required, the decision by the Board to proceed with such a liquidation, sale or disposition in one transaction or a series of related transactions); or 

(e) Other Events. There occurs any other event of a nature that would be required to be reported in response to
Item 6(e) of Schedule 14A of Regulation 14A (or a response to any similar or successor item on any similar or successor schedule or form) promulgated under the Exchange Act (as defined below), whether or not the Company is then subject to such
reporting requirement. 
  

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 2.9 “Code” means the U.S. Internal Revenue Code of 1986, as amended from
time to time. For purposes of this Plan, references to sections of the Code shall be deemed to include references to any applicable regulations and any successor or similar provision. 

2.10 “Committee” means the Compensation Committee of the Board or another committee appointed by the Board to administer
the Plan. Each member of the Compensation Committee or any other such committee must be an “independent director” under NASDAQ rules, an “outside director” for purposes of Code Section 162(m), and a “non-employee
director” under Rule 16b-3(b)(3) under the Exchange Act, as such requirements may change from time to time. 
 2.11
“Company” means Mentor Graphics Corporation, an Oregon corporation, and any successor thereto as provided in Article 19 herein. 

2.12 “Covered Employee” means any Employee who is or may become a “Covered Employee,” as defined in Code
Section 162(m), and who is designated, either as an individual Employee or class of Employees, by the Committee within the shorter of (i) ninety (90) days after the beginning of the Performance Period, or (ii) twenty-five percent
(25%) of the Performance Period has elapsed, as a “Covered Employee” under this Plan for such applicable Performance Period. 

2.13 “Deferred Stock Unit” means an Award granted to a Participant pursuant to Article 8 giving the Participant a
contractual right to receive a stated number of Shares or, if provided by the Committee on the Grant Date, cash equal to the Fair Market Value of such Shares, under the Plan at the end of a specified period of time or upon the occurrence of a
specified event. 
 2.14 “Director” means any individual who is a member of the Board of Directors of the
Company. 
 2.15 “Employee” means any individual performing services for the Company, an Affiliate, or a
Subsidiary and designated as an employee of the Company, the Affiliate, or the Subsidiary on the payroll records. An Employee shall not include any individual during any period he or she is classified or treated by the Company, Affiliate, or
Subsidiary as a contingent worker, independent contractor, consultant, or any employee of a franchise, master distributor, employment, consulting, or temporary agency or any other entity other than the Company, Affiliate, or Subsidiary, without
regard to whether such individual is subsequently determined to have been, or is subsequently retroactively reclassified as a employee of the Company, Affiliate, or Subsidiary during such period. An individual shall not cease to be an Employee in
the case of (i) any leave of absence approved by the Company for purposes protected under law including, without limitation, medical leave, leave to care for a family member, maternity- paternity- or adoptive leave, leave for military service
or leave to participate in mandatory legal process or (ii) transfers or Company-initiated relocations between locations of the Company or between the Company, any Affiliates, or any Subsidiaries. For purposes of Incentive Stock Options, no such
leave may exceed three (3) months, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then three
(3) months following the commencement of such leave, any Incentive Stock Option held by a Participant shall cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Nonqualified Stock Option. Neither service
as a Director nor payment of a director’s fee by the Company shall be sufficient to constitute “employment” by the Company. 

2.16 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor act
thereto. 
 2.17 “Fair Market Value” or “FMV” means 

(a) A price of a Share that is based on the opening, closing, actual, high, low, or average selling prices of a Share reported on any
established stock exchange or national market system including without limitation the New York Stock Exchange and the National Market System of the National Association of Securities Dealers, Inc. Automated Quotation System on the applicable date,
the 
  

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preceding trading day, the next succeeding trading day, or an average of trading days, as determined by the Committee in its discretion. Unless the Committee determines otherwise, Fair Market
Value on any day shall be deemed to be equal to the closing price of a Share of the Company’s common stock on NASDAQ on that day or, if that day is not a trading day, on the prior trading day. 

(b) If Shares are regularly quoted by a recognized securities dealer but selling prices are not reported, the mean between the high bid
and low asked prices for a Share on the day of determination or, if that day is not a trading day, the last market trading day prior to the day of determination, as reported in The Wall Street Journal or such other source as the Committee deems
reliable. 
 (c) In the event Shares are not publicly traded at the time a determination of their value is required to be made
hereunder, the price of a Share as determined by the Committee in such manner as it deems appropriate. 
 2.18 “Grant
Date” means the date an Award is granted to a Participant pursuant to the Plan. 
 2.19 “Grant Price”
means the price established at the time of grant of an SAR pursuant to Article 7, used to determine whether there is any payment due upon exercise of the SAR. 

2.20 “Incentive Stock Option” or “ISO” means an Option to purchase Shares granted under Article 6 to an
Employee and that is designated as an Incentive Stock Option and that is intended to meet the requirements of Code Section 422, or any successor provision. 

2.21 “Non-employee Director” means a Director who is not an Employee. 

2.22 “Nonqualified Stock Option” or “NQSO” means an Option that is not intended to meet the
requirements of Code Section 422, or that otherwise does not meet such requirements. 
 2.23 “Option”
means an Incentive Stock Option or a Nonqualified Stock Option, as described in Article 6. 
 2.24 “Option
Price” means the price at which a Share may be purchased by a Participant pursuant to an Option. 
 2.25 “Other
Stock-Based Award” means an equity-based or equity-related Award not otherwise described by the terms of this Plan, granted pursuant to Article 10. 

2.26 “Outstanding Voting Securities” shall mean the combined voting power of the then-outstanding voting securities of
the Company entitled to vote generally in the election of directors. 
 2.27 “Participant” means any eligible
individual as set forth in Article 5 to whom an Award is granted. 
 2.28 “Performance-Based Compensation”
means compensation under an Award that is intended to satisfy the requirements of Code Section 162(m) for certain performance-based compensation paid to Covered Employees. Notwithstanding the foregoing, nothing in this Plan is intended nor
shall be construed to mean that an Award which does not satisfy the requirements for performance-based compensation under Code Section 162(m) does not constitute performance-based compensation for other purposes, including Code
Section 409A. 
 2.29 “Performance Measures” means measures, as described in Article 12, on which the
performance goals are based and which are approved by the Company’s stockholders pursuant to this Plan in order to qualify Awards as Performance-Based Compensation. 

2.30 “Performance Period” means the period of time during which the performance goals must be met in order to determine
the degree of payout and/or vesting with respect to an Award. 
  

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 2.31 “Performance Share” means an Award under Article 9 and subject to
the terms of this Plan, denominated in Shares, the value of which at the time it is payable is determined as a function of the extent to which corresponding performance goals, as described in Article 12, have been achieved. 

2.32 “Performance Unit” means an Award under Article 9 and subject to the terms of this Plan, denominated in units, the
value of which at the time it is payable is determined as a function of the extent to which corresponding performance goals, as described in Article 12, have been achieved. 

2.33 “Period of Restriction” means the period, if any, when Restricted Stock, Restricted Stock Units or Deferred Stock
Units are subject to a substantial risk of forfeiture (based on the passage of time, the achievement of performance goals, or upon the occurrence of other events as determined by the Committee, in its discretion), as provided in Article 8.

 2.34 “Person” shall have the meaning ascribed to such term in Section 3(a) (9) of the Exchange Act
and used in Sections 13(d) and 14(d) thereof, including a “group” as defined in Section 13(d) thereof. 
 2.35
“Plan” means the Mentor Graphics Corporation 2010 Omnibus Incentive Plan. 
 2.36 “Plan Year”
means the Company’s fiscal year that begins February 1 and ends January 31. 
 2.37 “Prior
Plans” means the Mentor Graphics Corporation 1982 Stock Option Plan, the Mentor Graphics Corporation Nonqualified Stock Option Plan, the Mentor Graphics Corporation 1986 Stock Plan and the Mentor Graphics Corporation 1987 Non-Employee
Directors’ Stock Plan. 
 2.38 “Restricted Stock” means an Award granted to a Participant pursuant to
Article 8 under which Shares are actually issued to the Participant on the Grant Date, subject to forfeiture or repurchase during the Period of Restriction. 

2.39 “Restricted Stock Unit” means an Award granted to a Participant pursuant to Article 8, except no Shares are
actually issued to the Participant on the Grant Date. 
 2.40 “Share” means a share of common stock of the
Company. 
 2.41 “Stock Appreciation Right” or “SAR” means an Award, designated as an SAR,
pursuant to the terms of Article 7. 
 2.42 “Subsidiary” means any corporation or other entity, whether
domestic or foreign, in which the Company has or obtains, directly or indirectly, an interest of more than fifty percent (50%) by reason of stock ownership or otherwise. 

2.43 “Third Party Service Provider” means any consultant, agent, advisor, or independent contractor who is a natural
person and who renders services to the Company, a Subsidiary, or an Affiliate that (a) are not in connection with the offer and sale of the Company’s securities in a capital raising transaction, and (b) do not directly or indirectly
promote or maintain a market for the Company’s securities. 
 Article 3. Administration 

3.1 General. The Committee shall be responsible for administering this Plan, subject to this Article 3 and the other provisions of
this Plan. The Committee may employ attorneys, consultants, accountants, agents, and other individuals, any of whom may be an Employee, and the Committee, the Company, and its officers and Directors shall be entitled to rely upon the advice,
opinions, or valuations of any such individuals. All actions taken and all interpretations and determinations made by the Committee shall be final and binding upon the Participants, the Company, and all other interested individuals. 

 

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 3.2 Authority of the Committee. Subject to any express limitations set forth in the
Plan, including, without limitation, the requirements to obtain stockholder approval, the Committee shall have full and exclusive discretionary power and authority to take such actions as it deems necessary and advisable with respect to the
administration of the Plan including, but not limited to, the following: 
 (a) To determine from time to time which of the
persons eligible under the Plan shall be granted Awards, when and how each Award shall be granted, what type or combination of types of Awards shall be granted, the provisions of each Award granted (which need not be identical), including the time
or times when a person shall be permitted to receive Shares pursuant to an Award; 
 (b) To construe and interpret the Plan and
Awards granted under it, and to establish, amend, and revoke rules and regulations for its administration. The Committee, in the exercise of this power, may correct any defect, omission, or inconsistency in the Plan or in an Award Agreement, in a
manner and to the extent it shall deem necessary or expedient to make the Plan fully effective; 
 (c) To approve forms of Award
Agreements for use under the Plan; 
 (d) To determine Fair Market Value of a Share in accordance with Section 2.17 of the
Plan; 
 (e) To amend the Plan or any Award Agreement as provided in the Plan; 

(f) To adopt sub-plans and/or special provisions applicable to Awards regulated by the laws of a jurisdiction other than and outside of
the United States. Such sub-plans and/or special provisions may take precedence over other provisions of the Plan, but unless otherwise superseded by the terms of such sub-plans and/or special provisions, the provisions of the Plan shall govern;

 (g) To authorize any person to execute on behalf of the Company any instrument required to grant an Award previously granted
by the Committee; 
 (h) To determine whether Awards will be settled in Shares, cash, or in any combination; 

(i) To determine whether Awards will be adjusted for dividend equivalents, meaning a credit, made at the discretion of the Committee, to
the account of a Participant in an amount equal to the cash dividends paid on one Share for each Share represented by an Award held by such Participant; 

(j) To establish a program whereby Participants designated by the Committee may reduce compensation otherwise payable in cash in exchange
for Awards under the Plan; 
 (k) Subject to Section 17.1(b), to authorize a program permitting eligible Participants to
surrender outstanding Awards in exchange for newly granted Awards; 
 (l) To impose such restrictions, conditions, or
limitations as it determines appropriate as to the timing and manner of any resales by a Participant or other subsequent transfers by the Participant of any Shares, including, without limitation, (i) restrictions under an insider trading policy
and (ii) restrictions as to the use of a specified brokerage firm for such resales or other transfers; and 
 (m) To
provide, either at the time an Award is granted or by subsequent action, that an Award shall contain as a term thereof, a right, either in tandem with the other rights under the Award or as an alternative thereto, of the Participant to receive,
without payment to the Company, a number of Shares, cash or a combination thereof, the amount of which is determined by reference to the value of Shares. 
  

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 Article 4. Shares Subject to this Plan and Maximum Awards 

4.1 Number of Shares Authorized and Available for Awards. Subject to adjustment as provided in Section 4.4 of the Plan, the
maximum number of Shares authorized and available for issuance under the Plan shall be 10,000,000, plus the number of Shares subject to outstanding stock options or restricted stock units under the Prior Plans as of the date of stockholder approval
of this Plan that thereafter expire or terminate without issuance of the Shares. In connection with approving this Plan, the Board of Directors has approved a resolution that, effective upon receipt of stockholder approval of this Plan, any Shares
available for issuance under the Prior Plans that are not subject to outstanding awards under the Prior Plans will no longer be available for issuance under the Prior Plans. 

4.2 Shares Available for Issuance. Shares covered by an Award shall be counted as used only to the extent they are issued. Any
Shares related to Awards under this Plan or under Prior Plans that terminate by expiration, forfeiture (including through repurchase of the Shares at original cost), cancellation, or otherwise without the issuance of the Shares, or are settled in
cash in lieu of Shares, or are exchanged with the Committee’s permission, prior to the issuance of Shares, for Awards not involving Shares, shall be available again for grant under this Plan. In addition, any Shares that are not issued or
delivered as a result of the net settlement of an outstanding SAR or Option under this Plan or Prior Plans, and any Shares withheld or used to pay the Option Price or withholding taxes related to an outstanding Award under this Plan or Prior Plans,
shall be available again for grant under this Plan. Cash-Based Awards, Performance Units and any other Awards that are not settled by issuance of Shares shall not reduce the Shares available for issuance under the Plan. 

4.3 Annual Award Limits. No Participant may be granted Options or SARs under the Plan for more than an aggregate of 1,000,000
Shares in an Plan Year, as may be adjusted pursuant to Section 4.4. The maximum dollar amount payable under all Performance Unit Awards and Cash-Based Awards that are intended to qualify as Performance-Based Compensation plus the maximum value
of Shares under all Performance Share Awards and Other Stock-Based Awards that are intended to qualify as Performance-Based Compensation, in the aggregate, granted to any one Participant in any one Plan Year shall not exceed $5,000,000; for this
purpose, the value of Shares shall be the FMV of the Shares on the Grant Date of the applicable Award. 
 4.4 Adjustments in
Authorized Shares. Adjustment in authorized Shares available for issuance under the Plan or under an outstanding Award and adjustments in Annual Award Limits shall be subject to the following provisions: 

(a) In the event of any corporate event or transaction (including, but not limited to, a change in the Shares of the Company or the
capitalization of the Company) such as a merger, consolidation, reorganization, recapitalization, separation, partial or complete liquidation, stock dividend, stock split, reverse stock split, split up, spin-off, or other distribution of stock or
property of the Company, combination of Shares, exchange of Shares, dividend in kind, or other like change in capital structure, number of outstanding Shares or distribution (other than normal cash dividends) to stockholders of the Company, or any
similar corporate event or transaction, the Committee, in order to prevent dilution or enlargement of Participants’ rights under this Plan, shall substitute or adjust, as applicable, the number and kind of Shares that may be issued under this
Plan or under particular forms of Awards, the number and kind of Shares subject to outstanding Awards, the Option Price or Grant Price applicable to outstanding Awards, the Annual Award Limits, and other value determinations applicable to
outstanding Awards; provided that the Committee, in its sole discretion, shall determine the methodology or manner of making such substitution or adjustment. The Committee, in its sole discretion, may also make appropriate adjustments in the terms
of any Awards under this Plan to reflect such changes or distributions and may modify any other terms of outstanding Awards, including modifications of performance goals and changes in the length of Performance Periods. 

(b) The determination of the Committee as to the foregoing adjustments, if any, shall be conclusive and binding on Participants under
this Plan. 
  

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 (c) Subject to the provisions of Article 17 and notwithstanding anything else herein to the
contrary, without affecting the number of Shares reserved or available hereunder, the Committee may authorize the issuance or assumption of benefits either under this Plan or outside of this Plan in connection with any merger, consolidation,
acquisition of property or stock, or reorganization upon such terms and conditions as it may deem appropriate, subject to compliance with the rules under Code Sections 422, 424 and 409A, as and where applicable. 

Article 5. Eligibility and Participation 

5.1 Eligibility. Individuals eligible to participate in this Plan include all Employees, Non-employee Directors, and Third Party
Service Providers. 
 5.2 Actual Participation. Subject to the provisions of this Plan, the Committee may, from time to
time, select from all eligible individuals, those individuals to whom Awards shall be granted and shall determine, in its sole discretion, the nature of, any and all terms permissible by law, and the amount of each Award. 

Article 6. Stock Options 

6.1 Grant of Options. Subject to the terms and provisions of this Plan, Options may be granted to Participants in such number, and
upon such terms, and at any time and from time to time as shall be determined by the Committee, in its sole discretion. 

6.2 Award Agreement. Each Option grant shall be evidenced by an Award Agreement that shall specify the Option Price, the maximum
duration of the Option, the number of Shares to which the Option pertains, the conditions upon which an Option shall become vested and exercisable, and such other provisions as the Committee shall determine which are not inconsistent with the terms
of this Plan. The Award Agreement also shall specify whether the Option is intended to be an ISO or an NQSO. 
 6.3 Option
Price. The Option Price for each grant of an Option under this Plan shall be determined by the Committee in its sole discretion and shall be specified in the Award Agreement; provided, however, the Option Price must be at least equal to one
hundred percent (100%) of the FMV of a Share as of the Option’s Grant Date. 
 6.4 Term of
Options. Each Option granted to a Participant shall expire at such time as the Committee shall determine at the time of grant; provided, however, no Option shall be exercisable later than the tenth
(10th) anniversary date of its grant.

 6.5 Exercise of Options. Options granted under this Article 6 shall be exercisable at such times and be subject
to such restrictions and conditions as the Committee shall in each instance approve, which terms and restrictions need not be the same for each grant or for each Participant. 

6.6 Payment. Options granted under this Article 6 shall be exercised by the delivery of a notice of exercise to the Company or an
agent designated by the Company in a form and using a means specified or accepted by the Committee, or by complying with any alternative procedures which may be authorized by the Committee, setting forth the number of Shares with respect to which
the Option is to be exercised, accompanied by full payment for the Shares. A condition of the issuance of the Shares as to which an Option shall be exercised shall be the payment of the Option Price, as specified in the Award Agreement. The Option
Price of any exercised Option shall be payable to the Company in accordance with one of the following methods: 
 (a) in cash or
its equivalent; 
 (b) by tendering (either by actual delivery or attestation) previously acquired Shares having an aggregate
Fair Market Value at the time of exercise equal to the Option Price; 
  

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 (c) by a cashless (broker-assisted) exercise; 

(d) by any combination of (a), (b) and (c); or 

(e) any other method approved or accepted by the Committee in its sole discretion. 

Subject to any governing rules or regulations, as soon as practicable after receipt of written notification of exercise and full payment
(including satisfaction of any applicable tax withholding), the Company shall deliver to the Participant evidence of book entry Shares, or upon the Participant’s request, Share certificates in an appropriate amount based upon the number of
Shares purchased under the Option(s). Unless otherwise determined by the Committee, all payments under all of the methods indicated above shall be paid in United States dollars or Shares, as applicable. 

6.7 Special Rules Regarding ISOs. Notwithstanding any provision of the Plan to the contrary, an ISO granted to a Participant shall
be subject to the following rules: 
 (a) Special ISO Definitions: 

(i) “Parent Corporation” shall mean as of any applicable date a corporation in respect of the Company that is a parent
corporation within the meaning of Code Section 424(e). 
 (ii) “ISO Subsidiary” shall mean as of any
applicable date any corporation in respect of the Company that is a subsidiary corporation within the meaning of Code Section 424(f). 

(iii) A “10% Owner” is an individual who owns stock possessing more than ten percent (10%) of the total combined
voting power of all classes of stock of the Company or its Parent Corporation or any ISO Subsidiary. 
 (b) Eligible
employees. ISOs may be granted solely to eligible Employees of the Company, Parent Corporation, or ISO Subsidiary (as permitted under Code Sections 422 and 424). 

(c) Specified as an ISO. The Award Agreement evidencing the grant of an ISO shall specify that such grant is intended to be an
ISO. 
 (d) Option price. The Option Price of an ISO granted under the Plan shall be determined by the Committee in its
sole discretion and shall be specified in the Award Agreement; provided, however, the Option Price must at least equal one hundred percent (100%) of the Fair Market Value of a Share as of the ISO’s Grant Date (in the case of a 10% owner,
the Option Price may not be not less than 110% of such Fair Market Value). 
 (e) Right to exercise. Any ISO granted to a
Participant under the Plan shall be exercisable during his or her lifetime solely by such Participant or, in the event of the Participant’s death, by his estate or heirs (as permitted under Code Section 422(b)(5)). 

(f) Exercise period. The period during which a Participant may exercise an ISO shall not exceed ten (10) years (five
(5) years in the case of a Participant who is a 10% Owner) from the date on which the ISO was granted. 
 (g) Dollar
limitation. To the extent that the aggregate Fair Market Value of (a) the Shares with respect to which Options designated as Incentive Stock Options plus (b) the shares of stock of the Company, Parent Corporation, and any ISO
Subsidiary with respect to which other Incentive Stock Options are exercisable for the first time by a holder of an ISO during any calendar year under all plans of the Company and any Affiliate and Subsidiary exceeds $100,000, such Options shall be
treated as Nonqualified Stock Options. For purposes of the preceding sentence, (a) Options shall be taken into account in the order in which they were granted, and (b) the Fair Market Value of the Shares shall be determined as of the time
the Incentive Stock Options were granted. 
  

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 (h) Notification of disqualifying disposition. If any Participant shall make any
disposition of Shares issued pursuant to the exercise of an ISO, such Participant shall notify the Company of such disposition within thirty (30) days thereof. The Company shall use such information to determine whether a disqualifying
disposition as described in Code Section 421(b) has occurred. 
 (i) Transferability. No ISO granted under this Plan
may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution (as permitted under Code Section 422(b) (5)); provided, however, at the discretion of the
Committee, an ISO may be transferred to a grantor trust under which the Participant making the transfer is the sole beneficiary. 
 Article
7. Stock Appreciation Rights 
 7.1 Grant of SARs. Subject to the terms and conditions of this Plan, SARs may be
awarded to Participants at any time and from time to time as shall be determined by the Committee. Subject to the terms and conditions of this Plan, the Committee shall have complete discretion in determining the number of SARs granted to each
Participant and, consistent with the provisions of this Plan, in determining the terms and conditions pertaining to such SARs. 

7.2 Grant Price. The Grant Price for each grant of an SAR shall be determined by the Committee and shall be specified in the Award
Agreement; provided, however, the Grant Price must be at least equal to one hundred percent (100%) of the FMV of a Share as of the Grant Date. 

7.3 SAR Agreement. Each SAR Award shall be evidenced by an Award Agreement that shall specify the Grant Price, the term of the
SAR, and such other provisions as the Committee shall determine. 
 7.4 Term of SAR. The term of an
SAR granted under this Plan shall be determined by the Committee, in its sole discretion, and except as determined otherwise by the Committee and specified in the SAR Award Agreement, no SAR shall be exercisable later than the tenth
(10th) anniversary date of its grant. 

7.5 Exercise of SARs. SARs may be exercised upon whatever terms and conditions the Committee, in its sole discretion, imposes.

 7.6 Settlement of SARs. Upon the exercise of an SAR, a Participant shall be entitled to receive payment from the
Company in an amount determined by multiplying: 
 (a) the excess of the Fair Market Value of a Share on the date of exercise
over the Grant Price; by 
 (b) the number of Shares with respect to which the SAR is exercised. 

7.7 Form of Payment. Payment, if any, with respect to an SAR settled in accordance with Section 7.6 of the Plan shall be made
in accordance with the terms of the applicable Award Agreement, in cash, Shares, or a combination thereof, as the Committee determines. 

7.8 Other Restrictions. The Committee shall impose such other conditions or restrictions on any Shares received upon exercise of
an SAR granted pursuant to this Plan as it may deem advisable or desirable. These restrictions may include, but shall not be limited to, a requirement that the Participant hold the Shares received upon exercise of an SAR for a specified period of
time. 
  

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 Article 8. Restricted Stock, Restricted Stock Units and Deferred Stock Units 

8.1 Grant of Restricted Stock, Restricted Stock Units or Deferred Stock Units. Subject to the terms and provisions of this Plan,
the Committee, at any time and from time to time, may award Shares of Restricted Stock, Restricted Stock Units and/or Deferred Stock Units to Participants in such amounts as the Committee shall determine. Restricted Stock Units shall be similar to
Restricted Stock except that no Shares are actually issued to the Participant until the Period of Restriction has expired and any other performance-based or other vesting conditions have been satisfied. Deferred Stock Units shall be similar to
Restricted Stock Units except that the issuance of Shares shall be further delayed after vesting as specified under the terms of the Award. 

8.2 Restricted Stock, Restricted Stock Unit or Deferred Stock Unit Agreement. Each Restricted Stock, Restricted Stock Unit and/or
Deferred Stock Unit award shall be evidenced by an Award Agreement that shall specify the Period(s) of Restriction, the number of Shares of Restricted Stock or the number of Restricted Stock Units or Deferred Stock Units granted, and such other
provisions as the Committee shall determine. 
 8.3 Other Restrictions. The Committee shall impose such other conditions
and/or restrictions on any Shares of Restricted Stock, Restricted Stock Units or Deferred Stock Units awarded pursuant to this Plan as it may deem advisable including, without limitation, a requirement that Participants pay a stipulated purchase
price for each Share of Restricted Stock or each Restricted Stock Unit or Deferred Stock Unit, restrictions based upon the achievement of specific performance goals, as provided for in Article 12, time-based restrictions on vesting following the
attainment of the performance goals, time-based restrictions, and/or restrictions under applicable laws or under the requirements of any stock exchange or market upon which such Shares are listed or traded, or holding requirements or sale
restrictions placed on the Shares by the Company upon vesting of such Restricted Stock, Restricted Stock Units or Deferred Stock Units. To the extent deemed appropriate by the Committee, the Company may retain the certificates representing Shares of
Restricted Stock in the Company’s possession until such time as all conditions and/or restrictions applicable to such Shares have been satisfied or lapse. Except as otherwise provided in this Article 8, Shares of Restricted Stock covered by
each Restricted Stock Award shall become freely transferable by the Participant after all conditions and restrictions applicable to such Shares have been satisfied or lapse (including satisfaction of any applicable tax withholding obligations), and
Restricted Stock Units and Deferred Stock Units shall be paid in cash, Shares, or a combination of cash and Shares as the Committee, in its sole discretion, shall determine. 

8.4 Certificate Legend. In addition to any legends placed on certificates pursuant to Section 8.3, each certificate
representing Shares of Restricted Stock granted pursuant to this Plan may bear a legend such as the following or as otherwise determined by the Committee in its sole discretion: 

The sale or transfer of Shares of stock represented by this certificate, whether voluntary, involuntary, or by operation of law, is
subject to certain restrictions on transfer as set forth in the Mentor Graphics Corporation 2010 Omnibus Incentive Plan, and in the associated Award Agreement. A copy of the Plan and such Award Agreement may be obtained from Mentor Graphics
Corporation. 
 8.5 Voting Rights. Unless otherwise determined by the Committee and set forth in a Participant’s
Award Agreement, to the extent permitted or required by law, as determined by the Committee, Participants holding Shares of Restricted Stock awarded hereunder shall have the right to exercise full voting rights with respect to those Shares during
the Period of Restriction. A Participant shall have no voting rights with respect to any Restricted Stock Units or Deferred Stock Units awarded hereunder until Shares are issued. 

 

 11 

 Article 9. Performance Units/Performance Shares 

9.1 Award of Performance Units/Performance Shares. Subject to the terms and provisions of this Plan, the Committee, at any time and
from time to time, may award Performance Units and/or Performance Shares to Participants in such amounts and upon such terms as the Committee shall determine. 

9.2 Value of Performance Units/Performance Shares. Each Performance Unit shall have an initial value that is established by the
Committee at the time of grant. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the Grant Date. The Committee shall, in its sole discretion, set performance goals, as provided for in Article 12. The
extent to which the performance goals are met will determine the value and/or number of Performance Units/Performance Shares that will be paid out to the Participant. 

9.3 Earning of Performance Units/Performance Shares. Subject to the terms of this Plan, after the applicable Performance
Period has ended, the holder of Performance Units/Performance Shares shall be entitled to receive payout on the value and number of Performance Units/Performance Shares earned by the Participant over the Performance Period, to be determined as a
function of the extent to which the corresponding performance goals have been achieved. 
 9.4 Form and Timing of
Payment of Performance Units/Performance Shares. Payment of earned Performance Units/Performance Shares shall be as determined by the Committee and as evidenced in the Award Agreement. Subject to the terms of this Plan, the Committee,
in its sole discretion, may pay earned Performance Units/Performance Shares in the form of cash or in Shares (or in a combination thereof) equal to the value of the earned Performance Units/Performance Shares at the close of the applicable
Performance Period, or as soon as practicable after the end of the Performance Period. Any Shares may be granted subject to any restrictions deemed appropriate by the Committee. The determination of the Committee with respect to the form of payout
of such Awards shall be set forth in the Award Agreement pertaining to the grant of the Award. 
 Article 10. Cash-Based Awards and Other
Stock-Based Awards 
 10.1 Grant of Cash-Based Awards. Subject to the terms and provisions of the Plan, the Committee,
at any time and from time to time, may grant Cash-Based Awards to Participants in such amounts and upon such terms as the Committee may determine. 

10.2 Other Stock-Based Awards. The Committee may grant other types of equity-based or equity-related Awards not otherwise
described by the terms of this Plan (including the grant or offer for sale of unrestricted Shares) in such amounts and subject to such terms and conditions, as the Committee shall determine. Such Awards may involve the transfer of actual Shares to
Participants, or payment in cash of amounts based on the value of Shares and may include, without limitation, Awards designed to comply with or take advantage of the applicable local laws of jurisdictions other than the United States. 

10.3 Value of Cash-Based Awards or Other Stock-Based Awards. Each Cash-Based Award shall specify a payment amount or payment range
as determined by the Committee. Each Other Stock-Based Award shall be expressed in terms of Shares or units based on Shares, as determined by the Committee. The Committee may, in its sole discretion, establish performance goals, as provided for in
Article 12. If the Committee exercises its discretion to establish performance goals, the number and/or value of Other Stock-Based Awards and/or the amount of the Cash-Based Awards that will be paid out to the Participant will depend on the extent
to which the performance goals are met. 
 10.4 Payment of Cash-Based Awards or Other Stock-Based Awards. Payment, if
any, with respect to a Cash-Based Award or an Other Stock-Based Award shall be made in accordance with the terms of the Award, in cash or Shares as the Committee determines. 

 

 12 

 Article 11. Transferability of Awards and Shares 

11.1 Transferability of Awards. Except as provided in Section 11.2, during a Participant’s lifetime, his or her Awards
shall be exercisable only by the Participant. Awards shall not be transferable other than by will or the laws of descent and distribution or, subject to the consent of the Committee, pursuant to a domestic relation order entered into by a court of
competent jurisdiction. No Awards shall be subject, in whole or in part, to attachment, execution or levy of any kind. Any purported transfer in violation of this Section 11.1 shall be null and void. The Committee may establish such procedures
as it deems appropriate for a Participant to designate a beneficiary to whom any amounts payable or Shares deliverable in the event of, or following, the Participant’s death may be provided. 

11.2 Committee Action. Except as provided in Section 6.7(i), the Committee may, in its discretion, determine that
notwithstanding Section 11.1, any or all Awards shall be transferable to and exercisable by such transferees, and subject to such terms and conditions, as the Committee may deem appropriate; provided, however, no Award may be transferred for
value without stockholder approval. 
 11.3 Restrictions on Share Transferability. The Committee may impose such
restrictions on any Shares acquired by a Participant under the Plan as it may deem advisable, including, without limitation, minimum holding period requirements, restrictions under applicable federal securities laws, under the requirements of any
stock exchange or market upon which such Shares are then listed or traded, or under any blue sky or state securities laws applicable to such Shares. 

Article 12. Performance Measures 

12.1 Performance Measures. The performance goals upon which the payment or vesting of an Award to a Covered Employee that is
intended to qualify as Performance-Based Compensation shall be limited to the following Performance Measures: 
 (a) revenue;

 (b) bookings; 

(c) gross profit or margin; 

(d) operating income or margin; 

(e) exit rate operating income margin (derived by annualizing the cost of sales and operating expense structure in place at fiscal
year-end compared to the actual revenues generated in that fiscal year); 
 (f) earnings before or after taxes, interest,
depreciation, and/or amortization; 
 (g) net earnings or net income (before or after taxes); 

(h) earnings per share; 

(i) share price (including, but not limited to, growth measures and total stockholder return); 

(j) operating expenses (including cost reductions); 

(k) return measures (including return on assets, capital, invested capital, equity, sales, or revenue); 

(l) cash flow (including operating cash flow, free cash flow, cash flow return on equity, and cash flow return on investment);

 (m) asset turnover (including days sales outstanding); 

(n) reduction in leverage; 

(o) market share; 

(p) working capital; and 

(q) economic value added or
EVA® (net operating profit after tax minus the sum of capital multiplied by the cost of capital). 

                Any of the above Performance Measure(s), or any
combination thereof, may be used to measure the performance of the Company, Subsidiary, and/or Affiliate as a whole or any business unit of the Company, Subsidiary, and/or Affiliate, as the Committee may deem appropriate. Performance Measures may be
compared to (i) the performance of a group of comparator companies, (ii) a published or special index that the Committee, in its sole discretion, deems appropriate, and/or (iii) other benchmarks approved by the Committee. The
Committee also has the authority to provide for accelerated vesting of any Award based on the achievement of performance goals. 
  

 13 

 12.2 Evaluation of Performance. The Committee may provide in any such Award that any
evaluation of performance may include or exclude any of the following events or income or expense items that occur during a Performance Period: (a) asset write-downs, (b) litigation or claim judgments or settlements, (c) the effect of
changes in tax laws, accounting principles, or other laws or provisions affecting reported results, (d) any reorganization and restructuring programs, executive termination costs or other special charges, (e) extraordinary items as defined
by generally accepted accounting principles or any successor there to, (f) acquisitions or divestitures, including asset sales, (g) the positive or negative impact of foreign exchange movements, (h) stock-based compensation expense,
(i) in-process research and development expenses, (j) intangible asset amortization, (k) integration and other one-time expenditures or other adjustments related to acquisitions, (l) acquisition costs, (m) merger costs,
including severance, lease and other facility costs of the acquired company, (n) gains or losses associated with either the repurchase or potential settlement of any or all of the Company’s outstanding debt or convertible debt instruments
issued by the Company from time to time, and (o) the positive or negative impacts associated with the implementation of International Financial Reporting Standards (“IFRS”). To the extent such inclusions or exclusions affect Awards to
Covered Employees that are intended to qualify as Performance-Based Compensation, they shall be prescribed in a form that meets the requirements of Code Section 162(m) for deductibility. 

12.3 Adjustment of Performance-Based Compensation. Subject to Section 12.4, Awards that are intended to qualify as
Performance-Based Compensation may not be adjusted upward. The Committee shall retain the discretion to adjust such Awards downward, either on a formula or discretionary basis or any combination, as the Committee determines. 

12.4 Committee Discretion. In the event that applicable tax or securities laws or regulations or court or regulatory decisions
change to permit Committee discretion to alter the governing Performance Measures without obtaining stockholder approval of such changes, the Committee shall have sole discretion to make such changes without obtaining stockholder approval. In
addition, in the event that the Committee determines that it is advisable to grant Awards that shall not qualify as Performance-Based Compensation, the Committee may make such grants without satisfying the requirements of Code Section 162(m)
and base vesting on Performance Measures other than those set forth in Section 12.1. 
 Article 13. Dividend Equivalents 

Any Participant selected by the Committee may be granted dividend equivalents based on the dividends declared on Shares that are subject to any Award, to
be credited as of dividend payment dates, during the period between the date the Award is granted and the date the Award is exercised, vests, or expires, as determined by the Committee. Such dividend equivalents shall be converted to cash or
additional Shares by such formula and at such time and subject to such limitations as may be determined by the Committee. Notwithstanding the foregoing, the Committee may not grant dividend equivalents based on the dividends declared on Shares that
are subject to a NQSO, ISO, or SAR Award, and if any Award for which dividend equivalents have been granted has its vesting dependent upon the achievement of one or more Performance Measures, then the dividend equivalents shall accrue and only be
paid to the extent the Award becomes vested. 
 Article 14. Beneficiary Designation 

Each Participant under this Plan may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any
benefit under this Plan is to be paid in case of his death before he receives any or all of such benefit. Each such designation shall revoke all prior designations by the same Participant, shall be in a form prescribed by the Committee, and
will be effective only when filed by the Participant in writing with the Company during the Participant’s lifetime. In the absence of any such beneficiary designation, benefits remaining unpaid or rights remaining unexercised at the
Participant’s death shall be paid to or exercised by the Participant’s executor, administrator, or legal representative. 
  

 14 

 Article 15. Rights of Participants 

15.1 Employment. Nothing in this Plan or an Award Agreement shall (a) interfere with or limit in any way the right of the
Company, its Affiliates, and/or its Subsidiaries, to terminate any Participant’s employment or service on the Board or to the Company, its Affiliates, and/or its Subsidiaries at any time or for any reason not prohibited by law, or
(b) confer upon any Participant any right to continue his employment or service as a Non-employee Director for any specified period of time. Neither an Award nor any benefits arising under this Plan shall constitute an employment contract with
the Company or any Affiliate or Subsidiary and, accordingly, subject to Articles 3 and 17, this Plan and the benefits hereunder may be terminated at any time in the sole and exclusive discretion of the Committee without giving rise to any liability
on the part of the Company, its Affiliates, and/or its Subsidiaries. 
 15.2 Participation. No individual shall have the
right to be selected to receive an Award under this Plan, or, having been so selected, to be selected to receive a future Award. 

15.3 Rights as a Stockholder. Except as otherwise provided herein, a Participant shall have none of the rights of a stockholder
with respect to Shares covered by any Award until the Participant becomes the record holder of such Shares. 
 Article 16. Change of Control

 16.1 Change of Control of the Company. Notwithstanding any other provision of this Plan to the contrary, the
provisions of this Article 16 shall apply in the event of a Change of Control, unless otherwise determined by the Committee in connection with the grant of an Award as reflected in the applicable Award Agreement. 

(a) Outstanding Options and SARs exchanged for Replacement Awards. Upon a Change of Control, if an award meeting the requirements
of Section 16.2 (a “Replacement Award”) is provided to a Participant to replace the Participant’s then outstanding Options or Stock Appreciation Rights (the “Replaced Award”), then the Replaced Award shall be deemed
cancelled and shall have no further force or effect and the Company shall have no further obligation with respect to the Replaced Award. 

(b) Outstanding Options and SARs not exchanged for Replacement Awards. Upon a Change of Control, to the extent a
Participant’s then-outstanding Options and Stock Appreciation Rights are not exchanged for Replacement Awards as provided for in paragraph (a) above, then such Options and Stock Appreciation Rights may become fully vested and exercisable
if approved by the Committee or provided for in the Award Agreement. 
 (c) Service-Based Outstanding Awards other than
Options and SARs. Upon a Change of Control, all then-outstanding Awards, other than Options and SARs, that are not vested and as to which vesting depends solely on the satisfaction of a service obligation by a Participant to the Company,
Subsidiary, or Affiliate may vest in full and be free of restrictions related to the vesting or transferability of such Awards if approved by the Committee or provided for in the Award Agreement. 

(d) Other Awards. Upon a Change of Control, the treatment of then-outstanding Awards not subject to subparagraphs (a), (b) or
(c) above shall be determined by the terms and conditions set forth in the applicable Award Agreement. 
 (e) Committee
discretion regarding treatment of Awards not exchanged for Replacement Awards. Except to the extent that a Replacement Award is provided to the Participant, the Committee may, in its sole discretion, (i) determine that any or all
outstanding Awards granted under the Plan, whether or not exercisable, will be canceled and terminated and that in connection with such cancellation and termination the holder of such Award may receive for each Share subject to such Awards a

  

 15 

 
cash payment (or the delivery of shares of stock, other securities or a combination of cash, stock and securities equivalent to such cash payment) equal to the difference, if any, between the
consideration received by stockholders of the Company in respect of a Share in connection with such transaction and the purchase price per Share, if any, under the Award multiplied by the number of Shares subject to such Award; provided that if such
product is zero or less or to the extent that the Award is not then exercisable, the Awards will be canceled and terminated without payment therefore or (ii) provide that the period to exercise Options or Stock Appreciation Rights granted under
the Plan shall be extended (but not beyond the expiration date of such Option or Stock Appreciation Right). 
 16.2
Replacement Awards. An award shall qualify as a Replacement Award if: (i) it has a value in the aggregate at least equal to the value of the Replaced Award as determined by the Committee in its sole discretion; (ii) it relates to
publicly traded equity securities of the Company or its successor in the Change of Control or of another entity that is affiliated with the Company or of its successor following the Change of Control; and (iii) its other terms and conditions
are in the aggregate not less favorable to the Participant than the terms and conditions of the Replaced Award (including the provisions that would apply in the event of a subsequent Change of Control). Without limiting the generality of the
foregoing, the Replacement Award may take the form of a continuation of the Replaced Award if the requirements of the preceding sentence are satisfied. The determination of whether the conditions of this Section 16.2 are satisfied shall be made
by the Committee, as constituted immediately before the Change of Control, in its sole discretion. 
 Article 17. Amendment and Termination

 17.1 Amendment and Termination of the Plan and Award Agreements. 

(a) Subject to subparagraphs (b) and (c) of this Section 17.1 and Section 17.3 of the Plan, the Board may at any time
terminate the Plan or an outstanding Award Agreement and the Committee may, at any time and from time to time, amend the Plan or an outstanding Award Agreement. 

(b) Except in connection with a corporate transaction involving the Company (including, without limitation, any stock dividend, stock
split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or exchange of shares), the terms of an outstanding Award may not be amended to reduce the Option Price of outstanding
Options or to reduce the Grant Price of outstanding SARs or cancel outstanding Options or SARs in exchange for cash, other awards or options or SARs with an Option Price or Grant Price, as applicable, that is less than the Option Price of the
cancelled Options or the Grant Price of the cancelled SARs without stockholder approval. 
 (c) Notwithstanding the foregoing,
no amendment of this Plan shall be made without stockholder approval if stockholder approval is required pursuant to rules promulgated by any stock exchange or quotation system on which Shares are listed or quoted or by applicable U.S. state
corporate laws or regulations, applicable U.S. federal laws or regulations or the applicable laws of any foreign country or jurisdiction where Awards are, or will be, granted under the Plan. 

17.2 Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events. Subject to Section 12.3, the
Committee may make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the events described in Section 4.4 hereof) affecting the
Company or the financial statements of the Company or of changes in applicable laws, regulations, or accounting principles, whenever the Committee determines that such adjustments are appropriate in order to prevent unintended dilution or
enlargement of the benefits or potential benefits intended to be made available under this Plan. The determination of the Committee as to the foregoing adjustments, if any, shall be conclusive and binding on Participants under this Plan. By
accepting an Award under this Plan, a Participant agrees to any adjustment to the Award made pursuant to this Section 17.2 without further consideration or action. 

17.3 Awards Previously Granted. Notwithstanding any other provision of this Plan to the contrary, other than Sections 17.2, 17.4,
or 20.14, no termination or amendment of this Plan or an Award Agreement shall adversely affect in any material way any Award previously granted under this Plan, without the written consent of the Participant holding such Award. 

 

 16 

 17.4 Amendment to Conform to Law. Notwithstanding any other provision of this Plan to
the contrary, the Committee may amend the Plan or an Award Agreement, to take effect retroactively or otherwise, as deemed necessary or advisable for the purpose of conforming the Plan or an Award Agreement to any present or future law relating to
plans of this or similar nature, and to the administrative regulations and rulings. By accepting an Award under this Plan, a Participant agrees to any amendment made pursuant to this Section 17.4 to any Award granted under the Plan without
further consideration or action. 
 Article 18. Withholding 

18.1 Tax Withholding. The Company shall have the power and the right to deduct or withhold, or require a Participant to remit to
the Company, the minimum statutory amount to satisfy federal, state, and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Plan. 

18.2 Share Withholding. With respect to withholding required upon the exercise of Options or SARs, upon the lapse of restrictions
on Restricted Stock and Restricted Stock Units, or upon the achievement of performance goals related to Performance Shares, or any other taxable event arising as a result of an Award (collectively and individually referred to as a “Share
Payment”), Participants may elect, subject to the approval of the Committee, to satisfy the withholding requirement, in whole or in part, by having the Company withhold from a Share Payment the number of Shares having a Fair Market Value on the
date the withholding is to be determined equal to the minimum statutory withholding requirement but in no event shall such withholding exceed the minimum statutory withholding requirement. All such elections shall be irrevocable, made in writing,
and signed by the Participant, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate. 

Article 19. Successors 
 All obligations
of the Company under this Plan with respect to Awards granted hereunder shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of
all or substantially all of the business and/or assets of the Company. 
 Article 20. General Provisions 

20.1 Forfeiture Events. 

(a) The Committee may specify in an Award Agreement that the Participant’s rights, payments, and benefits with respect to an Award
shall be subject to reduction, cancellation, forfeiture, or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events may include, but shall not be
limited to, termination of employment for cause, termination of the Participant’s provision of services to the Company, Affiliate, or Subsidiary, violation of material Company, Affiliate, or Subsidiary policies, breach of non-competition,
confidentiality, or other restrictive covenants that may apply to the Participant, or other conduct by the Participant that is detrimental to the business or reputation of the Company, any Affiliate, or Subsidiary. 

(b) The Committee may specify in an Award Agreement that, if any of the Company’s financial statements are required to be restated
resulting from errors, omissions, or fraud, the Company may recover all or a portion of any Award granted or paid to a Participant with respect to any fiscal year of the Company the financial results of which are negatively affected by such
restatement. Unless otherwise specified in the Award Agreement, the amount to be recovered from the Participant shall be the amount by which the Award exceeded the amount that would have been payable to the Participant

  

 17 

 
had the financial statements been initially filed as restated, or any greater or lesser amount (including, but not limited to, the entire Award) that the Committee shall determine. In no event
shall the amount to be recovered by the Company be less than the amount required to be repaid or recovered as a matter of law (including but not limited to amounts that are required to be recovered or forfeited under Section 304 of the
Sarbanes-Oxley Act of 2002). The Committee shall determine whether the Company shall effect any such recovery: (i) by seeking repayment from the Participant, (ii) by reducing (subject to applicable law and the terms and conditions of the
applicable plan, program or arrangement) the amount that would otherwise be payable to the Participant under any compensatory plan, program, or arrangement maintained by the Company, an Affiliate, or any Subsidiary, (iii) by withholding payment
of future increases in compensation (including the payment of any discretionary bonus amount) or grants of compensatory awards that would otherwise have been made in accordance with the company’s otherwise applicable compensation practices, or
(iv) by any combination of the foregoing. 
 20.2 Legend. The certificates for Shares may include any legend which
the Committee deems appropriate to reflect any restrictions on transfer of such Shares. 
 20.3 Gender and Number. Except
where otherwise indicated by the context, any masculine term used herein also shall include the feminine, the plural shall include the singular, and the singular shall include the plural. 

20.4 Severability. In the event any provision of this Plan shall be held illegal or invalid for any reason, the illegality or
invalidity shall not affect the remaining parts of this Plan, and this Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 

20.5 Requirements of Law. The granting of Awards and the issuance of Shares under this Plan shall be subject to all applicable
laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. The Company, in its discretion, may postpone the granting and exercising of Awards, the issuance or delivery of
Shares under any Award or any other action permitted under the Plan to permit the Company, with reasonable diligence, to complete such national securities exchange listing or registration or qualification of such Shares or other required action
under any federal or state law, rule, or regulation and may require any Participant to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Shares in compliance with
applicable laws, rules, and regulations. The Company shall not be obligated by virtue of any provision of the Plan to recognize the exercise of any Award or to otherwise sell or issue Shares in violation of any such laws, rules, or regulations, and
any postponement of the exercise or settlement of any Award under this provision shall not extend the term of such Awards. Neither the Company nor its directors or officers shall have any obligation or liability to a Participant with respect to any
Award (or Shares issuable thereunder) that shall lapse because of such postponement. 
 20.6 Delivery of Title. The
Company shall have no obligation to issue or deliver evidence of title for Shares issued under this Plan prior to: 
 (a)
obtaining any approvals from governmental agencies that the Company determines are necessary or advisable; and 
 (b) completion
of any registration or other qualification of the Shares under any applicable national or foreign law or ruling of any governmental body that the Company determines to be necessary or advisable. 

20.7 Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction,
which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite
authority shall not have been obtained. 
  

 18 

 20.8 Investment Representations. The Committee may require any individual receiving
Shares pursuant to an Award under this Plan to represent and warrant in writing that the individual is acquiring the Shares for investment and without any present intention to sell or distribute such Shares. 

20.9 Participants Based Outside of the United States. Notwithstanding any provision of this Plan to the contrary, in order to
comply with the laws in other countries in which the Company, its Affiliates, and/or its Subsidiaries operate or have Employees, Non-employee Directors or Third Party Service Providers, the Committee, in its sole discretion, shall have the power and
authority to: 
 (a) determine which Affiliates and Subsidiaries shall be covered by this Plan; 

(b) determine which Employees, Non-employee Directors or Third Party Service Providers outside the United States are eligible to
participate in this Plan; 
 (c) modify the terms and conditions of any Award granted to Employees, Non-employee Directors or
Third Party Service Providers outside the United States to comply with applicable foreign laws; 
 (d) establish subplans and
modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable, and any such subplans and modifications to Plan terms and procedures established under this Section 20.9 by the Committee shall
be attached to this Plan document as appendices; and 
 (e) take any action, before or after an Award is made, that it deems
advisable to obtain approval or comply with any necessary local government regulatory exemptions or approvals. 

Notwithstanding the above, the Committee may not take any actions hereunder, and no Awards shall be granted, that would violate
applicable law. 
 20.10 Uncertificated Shares. To the extent that this Plan provides for issuance of certificates to
reflect the transfer of Shares, the transfer of such Shares may be effected on a noncertificated basis, to the extent not prohibited by applicable law or the rules of any stock exchange. 

20.11 Unfunded Plan. Participants shall have no right, title, or interest whatsoever in or to any investments that the Company,
its Subsidiaries, or its Affiliates may make to aid them in meeting their obligations under this Plan. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a
fiduciary relationship between the Company and any Participant, beneficiary, legal representative, or any other individual. To the extent that any individual acquires a right to receive payments from the Company or any Affiliate or Subsidiary under
this Plan, such right shall be no greater than the right of an unsecured general creditor of the Company or the Subsidiary or Affiliate, as the case may be. All payments to be made hereunder shall be paid from the general funds of the Company, or
the Subsidiary or Affiliate, as the case may be and no special or separate fund shall be established and no segregation of assets shall be made to assure payment of such amounts except as expressly set forth in this Plan. 

20.12 No Fractional Shares. No fractional Shares shall be issued or delivered pursuant to this Plan or any Award. The Committee
shall determine whether cash, Awards, or other property shall be issued or paid in lieu of fractional Shares or whether such fractional Shares or any rights thereto shall be forfeited or otherwise eliminated. 

20.13 Retirement and Welfare Plans. Neither Awards made under this Plan nor Shares or cash paid pursuant to such Awards may be
included as “compensation” for purposes of computing the benefits payable to any Participant under the Company’s or any Subsidiary’s or Affiliate’s retirement plans (both qualified and nonqualified) or welfare benefit plans
unless such other plan expressly provides that such compensation shall be taken into account in computing a Participant’s benefit. 
  

 19 

 20.14 Deferred Compensation. 

(a) The Committee may grant Awards under the Plan that provide for the deferral of compensation within the meaning of Code
Section 409A. It is intended that such Awards comply with the requirements of Code Section 409A so that amounts deferred thereunder are not includible in income and are not subject to an additional tax of twenty percent (20%) at the
time the deferred amounts are no longer subject to a substantial risk of forfeiture. 
 (b) Notwithstanding any provision of the
Plan or Award Agreement to the contrary, if one or more of the payments or benefits to be received by a Participant pursuant to an Award would constitute deferred compensation subject to Code Section 409A and would cause the Participant to
incur any penalty tax or interest under Code Section 409A or any regulations or Treasury guidance promulgated thereunder, the Committee may reform the Plan and Award Agreement to comply with the requirements of Code Section 409A and to the
extent practicable maintain the original intent of the Plan and Award Agreement. By accepting an Award under this Plan, a Participant agrees to any amendments to the Award made pursuant to this Section 20.14(b) without further consideration or
action. 
 20.15 Nonexclusivity of this Plan. The adoption of this Plan shall not be construed as creating any
limitations on the power of the Board or Committee to adopt such other compensation arrangements as it may deem desirable for any Participant. 

20.16 No Constraint on Corporate Action. Nothing in this Plan shall be construed to: (i) limit, impair, or otherwise affect
the Company’s or a Subsidiary’s or an Affiliate’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or
transfer all or any part of its business or assets; or (ii) limit the right or power of the Company or a Subsidiary or an Affiliate to take any action which such entity deems to be necessary or appropriate. 

20.17 Governing Law. The Plan and each Award Agreement shall be governed by the laws of the State of Oregon, excluding any
conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Plan to the substantive law of another jurisdiction. Unless otherwise provided in the Award Agreement, recipients of an Award under this
Plan are deemed to submit to the exclusive jurisdiction and venue of the federal or state courts of Oregon to resolve any and all issues that may arise out of or relate to this Plan or any related Award Agreement. 

20.18 Delivery and Execution of Electronic Documents. To the extent permitted by applicable law, the Company may (i) deliver
by email or other electronic means (including posting on a web site maintained by the Company or by a third party under contract with the Company) all documents relating to the Plan or any Award thereunder (including without limitation,
prospectuses) and all other documents that the Company is required to deliver to its security holders (including without limitation, annual reports and proxy statements) and (ii) permit Participants to electronically execute applicable Plan
documents (including, but not limited to, Award Agreements) in a manner prescribed by the Committee. 
 20.19 No
Representations or Warranties Regarding Tax Effect. Notwithstanding any provision of the Plan to the contrary, the Company, its Affiliates and Subsidiaries, the Board and the Committee neither represent nor warrant the tax treatment under any
federal, state, local or foreign laws and regulations thereunder (individually and collectively referred to as the “Tax Laws”) of any Award granted or any amounts paid to any Participant under the Plan including, but not limited to, when
and to what extent such Awards or amounts may be subject to tax, penalties and interest under the Tax Laws. 
  

 20Second Amended & Restated Credit Agreement dated June 29, 2010

 Exhibit 10.1 

Execution Version 

SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

dated as of 

June 29, 2010 

among 

GENESIS ENERGY, L.P., 

as the Borrower 

The Lenders Party Hereto, 

BNP PARIBAS, 

as Administrative Agent, 

BANK OF AMERICA, N.A. and BANK OF MONTREAL, 

as Co-Syndication Agents, 

and 
 U.S.
BANK NATIONAL ASSOCIATION, 
 as Documentation Agent 

 
  

 
 $525 MILLION SENIOR SECURED
REVOLVING CREDIT FACILITY 
  
  

 
 BNP PARIBAS SECURITIES CORP.,

 BANC OF AMERICA SECURITIES LLC, 

and BMO CAPITAL MARKETS,  

as Joint Lead Arrangers and Joint Bookrunners 

 TABLE OF CONTENTS 

 

					
	 	  	 	  	Page
	
	ARTICLE I
	DEFINITIONS
			
	 SECTION 1.01
	  	Defined Terms	  	2
	 SECTION 1.02
	  	Classification of Loans and Borrowings	  	41
	 SECTION 1.03
	  	Terms Generally	  	41
	 SECTION 1.04
	  	Accounting Terms; GAAP	  	41
	
	ARTICLE II
	THE CREDITS
			
	 SECTION 2.01
	  	Commitments	  	42
	 SECTION 2.02
	  	Loans and Borrowings	  	42
	 SECTION 2.03
	  	Requests for Borrowings	  	43
	 SECTION 2.04
	  	Reserved	  	44
	 SECTION 2.05
	  	Committed Amount	  	44
	 SECTION 2.06
	  	Letters of Credit	  	46
	 SECTION 2.07
	  	Funding of Borrowings	  	50
	 SECTION 2.08
	  	Interest Elections	  	51
	 SECTION 2.09
	  	Termination and Reduction of Committed Amounts	  	52
	 SECTION 2.10
	  	Repayment of Loans; Evidence of Debt	  	52
	 SECTION 2.11
	  	Prepayment of Loans	  	53
	 SECTION 2.12
	  	Fees	  	54
	 SECTION 2.13
	  	Interest	  	55
	 SECTION 2.14
	  	Alternate Rate of Interest	  	56
	 SECTION 2.15
	  	Increased Costs	  	56
	 SECTION 2.16
	  	Break Funding Payments	  	57
	 SECTION 2.17
	  	Taxes	  	58
	 SECTION 2.18
	  	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	59
	 SECTION 2.19
	  	Mitigation Obligations; Replacement of Lenders	  	61
	 SECTION 2.20
	  	Defaulting Lenders	  	62
	
	ARTICLE III
	REPRESENTATIONS AND WARRANTIES
			
	 SECTION 3.01
	  	Organization; Powers	  	64
	 SECTION 3.02
	  	Authorization; Enforceability	  	64
	 SECTION 3.03
	  	Governmental Approvals; No Conflicts	  	64
	 SECTION 3.04
	  	Financial Condition; No Material Adverse Change	  	64
	 SECTION 3.05
	  	Other Obligations and Restrictions	  	65
	 SECTION 3.06
	  	Properties	  	65
	 SECTION 3.07
	  	Litigation	  	66
	 SECTION 3.08
	  	Compliance with Laws and Agreements	  	66
	 SECTION 3.09
	  	Default	  	66
	 SECTION 3.10
	  	Investment Company Status	  	66

  

 i 

					
	 SECTION 3.11
	  	Taxes	  	66
	 SECTION 3.12
	  	ERISA	  	67
	 SECTION 3.13
	  	Disclosure; No Material Misstatements	  	67
	 SECTION 3.14
	  	Insurance	  	67
	 SECTION 3.15
	  	Material Agreements	  	68
	 SECTION 3.16
	  	Reserved	  	68
	 SECTION 3.17
	  	Solvency	  	68
	 SECTION 3.18
	  	Labor Disputes and Acts of God	  	68
	 SECTION 3.19
	  	Equity Interests and Subsidiaries	  	69
	 SECTION 3.20
	  	Intellectual Property	  	70
	 SECTION 3.21
	  	Environmental Matters	  	70
	 SECTION 3.22
	  	Reserved	  	71
	 SECTION 3.23
	  	Security Documents	  	71
	 SECTION 3.24
	  	Anti-Terrorism Law	  	72
	 SECTION 3.25
	  	Federal Reserve Regulations	  	73
	 SECTION 3.26
	  	Use of Proceeds	  	73
	
	ARTICLE IV
	CONDITIONS
			
	 SECTION 4.01
	  	Effective Date	  	73
	 SECTION 4.02
	  	Each Credit Event	  	77
	
	ARTICLE V
	AFFIRMATIVE COVENANTS
			
	 SECTION 5.01
	  	Financial Statements; Ratings Change and Other Information	  	78
	 SECTION 5.02
	  	Notices of Material Events	  	80
	 SECTION 5.03
	  	Existence; Conduct of Business	  	81
	 SECTION 5.04
	  	Payment of Obligations and Taxes	  	82
	 SECTION 5.05
	  	Material Agreements	  	83
	 SECTION 5.06
	  	Books and Records; Inspection Rights	  	83
	 SECTION 5.07
	  	Compliance with Laws	  	83
	 SECTION 5.08
	  	Use of Proceeds and Letters of Credit	  	83
	 SECTION 5.09
	  	Environmental Laws	  	83
	 SECTION 5.10
	  	Additional Collateral; Additional Guarantors	  	84
	 SECTION 5.11
	  	Security Interests; Further Assurances	  	86
	 SECTION 5.12
	  	Insurance	  	87
	 SECTION 5.13
	  	Agreements Respecting Unrestricted Subsidiaries and Foreign Subsidiaries	  	87
	 SECTION 5.14
	  	Disposition of NEJD SPE 2 Property	  	88
	 SECTION 5.15
	  	Reimbursement for Costs	  	88
	 SECTION 5.16
	  	Compliance with Risk Management Requirements	  	88
	 SECTION 5.17
	  	Inventory Financing Sublimit Tranche	  	89
	 SECTION 5.18
	  	Post-Effective Date Items	  	89

  

 ii 

					
	ARTICLE VI
	NEGATIVE COVENANTS
			
	 SECTION 6.01
	    	Indebtedness and Disqualified Equity	  	89
	 SECTION 6.02
	    	Liens	  	91
	 SECTION 6.03
	    	Fundamental Changes; Limitations on Business	  	92
	 SECTION 6.04
	    	Investments, Loans, Advances, and Guarantees	  	93
	 SECTION 6.05
	    	Acquisitions	  	95
	 SECTION 6.06
	    	Sale of Assets	  	95
	 SECTION 6.07
	    	Hedging Agreements	  	96
	 SECTION 6.08
	    	Restricted Payments	  	96
	 SECTION 6.09
	    	Transactions with Affiliates	  	96
	 SECTION 6.10
	    	Restrictive Agreements	  	97
	 SECTION 6.11
	    	Limitation on Modifications of Material Agreements	  	98
	 SECTION 6.12
	    	Creation of Subsidiaries	  	98
	 SECTION 6.13
	    	Reserved	  	98
	 SECTION 6.14
	    	Sale and Leasebacks	  	98
	 SECTION 6.15
	    	Financial Condition Covenants	  	99
	 SECTION 6.16
	    	Reserved	  	99
	 SECTION 6.17
	    	Fiscal Year	  	99
	 SECTION 6.18
	    	Control Agreements	  	99
	 SECTION 6.19
	    	Prepayments on Indebtedness or Disqualified Equity	  	100
	 SECTION 6.20
	    	Reserved	  	100
	 SECTION 6.21
	    	Anti-Terrorism Law; Anti-Money Laundering	  	100
	 SECTION 6.22
	    	Embargoed Person	  	100
	 SECTION 6.23
	    	Amendments to Risk Management Requirements	  	101
	
	ARTICLE VII
	EVENTS OF DEFAULT
			
	 SECTION 7.01
	    	Events of Default	  	101
	 SECTION 7.02
	    	Application of Proceeds	  	105
	
	ARTICLE VIII
	Reserved.
	
	ARTICLE IX
	THE ADMINISTRATIVE AGENT; THE ARRANGERS
			
	 SECTION 9.01
	    	Appointment	  	106
	 SECTION 9.02
	    	Delegation of Duties	  	106
	 SECTION 9.03
	    	Exculpatory Provisions	  	106
	 SECTION 9.04
	    	Reliance by the Administrative Agent and the Arrangers	  	107
	 SECTION 9.05
	    	Notice of Default	  	107
	 SECTION 9.06
	    	Non-Reliance on Administrative Agent or the Arrangers and Other Lenders	  	107
	 SECTION 9.07
	    	Indemnification	  	108
	 SECTION 9.08
	    	Administrative Agent and Arrangers in Their Respective Individual Capacities	  	108
	 SECTION 9.09
	    	Successor Administrative Agent	  	109
	 SECTION 9.10
	    	Successor Arranger	  	109
	 SECTION 9.11
	    	Issuing Bank	  	110

  

 iii 

					
	 SECTION 9.12
	    	Collateral Matters	  	110
	 SECTION 9.13
	    	Hedging Arrangements	  	111
	
	ARTICLE X
	MISCELLANEOUS
			
	 SECTION 10.01
	    	Notices	  	111
	 SECTION 10.02
	    	Waivers; Amendments	  	112
	 SECTION 10.03
	    	Expenses; Indemnity; Damage Waiver	  	113
	 SECTION 10.04
	    	Successors and Assigns	  	115
	 SECTION 10.05
	    	Survival	  	117
	 SECTION 10.06
	    	Counterparts; Integration; Effectiveness	  	118
	 SECTION 10.07
	    	Severability	  	118
	 SECTION 10.08
	    	Right of Setoff	  	118
	 SECTION 10.09
	    	Governing Law; Jurisdiction; Consent to Service of Process	  	118
	 SECTION 10.10
	    	WAIVER OF JURY TRIAL	  	119
	 SECTION 10.11
	    	Headings	  	119
	 SECTION 10.12
	    	Confidentiality	  	119
	 SECTION 10.13
	    	Interest Rate Limitation	  	120
	 SECTION 10.14
	    	USA Patriot Act	  	120
	 SECTION 10.15
	    	Limitation of Liability	  	121
	 SECTION 10.16
	    	Acknowledgments	  	121
	 SECTION 10.17
	    	Certain Permitted Transactions	  	121
	 SECTION 10.18
	    	Genesis Assignment and Assumption Agreement; Amendment and Restatement; Binding Effect; Master Assignment Agreement; Release of Certain Liens	  	121
	 SECTION 10.19
	    	Consents	  	123

  

 iv 

 SCHEDULES: 
  

			
	Schedule 2.01	  	Committed Amounts
	Schedule 2.06	  	Existing Letters of Credit
	Schedule 3.05	  	Certain Obligations
	Schedule 3.06(a)	  	Properties
	Schedule 3.07	  	Disclosed Matters
	Schedule 3.14	  	Insurance
	Schedule 3.15	  	Material Agreements
	Schedule 3.18	  	Force Majeure
	Schedule 3.19(a)	  	Subsidiaries and Joint Ventures
	Schedule 3.19(b)	  	Consents
	Schedule 3.19(c)	  	Organizational Chart
	Schedule 3.20(c)	  	Copyright Violations
	Schedule 5.12	  	Insurance
	Schedule 5.16	  	Risk Management Requirements
	Schedule 5.18	  	Post-Effective Date Items
	Schedule 6.01	  	Indebtedness
	Schedule 6.02	  	Liens
	Schedule 6.04	  	Investments
	Schedule 6.09	  	Transactions with Affiliates

 EXHIBITS: 

 

			
	Exhibit A	  	Form of Assignment and Assumption
	Exhibit B	  	Form of Committed Amount Decrease Certificate
	Exhibit C	  	Form of Letter of Credit Request
	Exhibit D	  	Form of Interest Election Request
	Exhibit E	  	Form of Perfection Certificate
	Exhibit F	  	Form of Borrowing Request
	Exhibit G	  	Form of Borrowing Base Certificate
	Exhibit H	  	Form of Committed Amount Increase Certificate
	Exhibit I	  	Form of Additional Lender Certificate

  

 i 

 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

THIS SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of June 29, 2010, is by and among GENESIS ENERGY, L.P., a
Delaware limited partnership (the “Borrower”), the LENDERS party hereto, and BNP PARIBAS, as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the
“Administrative Agent”). 
 WITNESSETH: 

WHEREAS, Genesis Crude Oil, L.P. (the “OLP”), as borrower, the Borrower, as guarantor, Fortis Capital Corp., as
administrative agent for the lenders (in such capacity, the “Existing Agent”), the lenders from time to time party thereto and the other agents and parties referred to therein entered into that certain Credit Agreement dated as of
November 15, 2006, as amended by that certain First Amendment to Credit Agreement and Guarantee and Collateral Agreement dated as of July 25, 2007, as amended by that certain Amendment to First Amendment to Credit Agreement and Guarantee
and Collateral Agreement dated as of March 28, 2008 (as amended, supplemented and otherwise modified, the “November 2006 Credit Agreement”), pursuant to which the lenders party thereto made certain loans and other extensions of
credit and provided certain commitments to the OLP; 
 WHEREAS, the OLP, the Borrower, the Existing Agent, the lenders from time
to time party thereto and the other agents and parties referred to therein amended and restated the November 2006 Credit Agreement by entering into that certain First Amended and Restated Credit Agreement dated as of May 30, 2008, as amended by
that certain First Amendment to First Amended and Restated Credit Agreement dated as of July 18, 2008, and that certain Second Amendment to First Amended and Restated Credit Agreement dated as of February 5, 2010 (as amended, supplemented
and otherwise modified, the “Existing Credit Agreement”), pursuant to which the lenders party thereto made certain loans and other extensions of credit and provided certain commitments to the OLP; 

WHEREAS, the Existing Agent, the Administrative Agent, the Borrower, the OLP and certain subsidiaries and trustees party thereto have
entered into (a) that certain Master Assignment Agreement, dated as of the date hereof and effective contemporaneously herewith, whereby the Existing Agent assigned to the Administrative Agent, and the Administrative Agent assumed from the
Existing Agent, all of the Existing Agent’s rights, interests, liabilities and obligations as administrative agent under the Existing Credit Agreement and the other Loan Documents (as defined in the Existing Credit Agreement) (the
“Master Assignment Agreement”) and (b) other Agency Assignment Documents (as defined below); 
 WHEREAS,
the OLP and the Borrower entered into that certain Assignment and Assumption Agreement, dated as of the date hereof and effective contemporaneously herewith (the “Genesis Assignment and Assumption Agreement”), whereby OLP assigned
to the Borrower, and the Borrower assumed from the OLP, all of the OLP’s rights, interests, liabilities and obligations as borrower under the Existing Agreement; 

 

 1 

 WHEREAS, the OLP, the Borrower, the Administrative Agent, the Lenders and the other agents
and parties hereto desire to enter into this Second Amended and Restated Credit Agreement in order to amend and restate the Existing Credit Agreement; 

NOW, THEREFORE, the parties hereto agree that the Existing Credit Agreement is hereby amended and restated in its entirety as follows:

 ARTICLE I 

DEFINITIONS 

SECTION 1.01 Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 

“ABR”, when used in reference to any Loan or Borrowing (including any Inventory Financing Sublimit Borrowing), refers to
whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 

“Account” shall have the meaning assigned to such term in the Uniform Commercial Code in effect in the State of New
York. 
 “Account Debtor” means any Person who is or who may become obligated under, with respect to or on
account of an Account. 
 “Acquisition” means the direct or indirect purchase or acquisition, whether in one or
more related transactions, by the Borrower or any Restricted Subsidiary of (a) any Person or group of Persons (or all or substantially all of the Equity Interest in any Person or group of Persons) or (b) any related group of assets of any
Person or group of Persons. “Acquire” has a meaning correlative thereto. 
 “Acquisition
Consideration” means the purchase consideration for any Acquisition and all other payments by the Borrower or any Restricted Subsidiary in exchange for, or as part of, or in connection with, any Acquisition, whether paid in cash or by the
assumption of obligations or the exchange of Equity Interests or of properties or otherwise and whether payable at or prior to the consummation of such Acquisition or deferred for payment at any future time, whether or not any such future payment is
subject to the occurrence of any contingency, and includes any and all payments representing the purchase price and any assumptions of Indebtedness (including any Indebtedness assumed or acquired pursuant to Section 6.01(g)),
“earn-out” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any Person or
business; provided that any such future payment that is subject to a contingency shall be considered Acquisition Consideration only to the extent of the reserve, if any, required under GAAP at the time of such sale to be established in
respect thereof by the Borrower or any Restricted Subsidiary. 
 “Additional Lender” has the meaning assigned
to such term in Section 2.05(c). 
 “Additional Lender Certificate” has the meaning assigned to such term
in Section 2.05(c)(ii)(E). 
  

 2 

 “Adjusted Consolidated EBITDA” means, for any period, Consolidated EBITDA
determined on a Pro Forma Basis; provided that cash distributions received by the Borrower and the Restricted Subsidiaries from all Joint Ventures consummated after the Effective Date (other than the Exempted Joint Venture) shall not
account for more than 25% of Adjusted Consolidated EBITDA (as such Adjusted Consolidated EBITDA is calculated from time to time without giving effect to cash distributions from Joint Ventures consummated after the Effective Date (but giving effect
to cash distributions from the Exempted Joint Venture whether consummated before or after the Effective Date)), and any excess shall be deemed to not be Adjusted Consolidated EBITDA. Upon the occurrence and during the continuance of a “Cash
Option Only Default” under and as defined in the NEJD Financing Lease Agreement, Adjusted Consolidated EBITDA shall be automatically reduced by an amount equal to the contributions to Adjusted Consolidated EBITDA attributable to NEJD SPE 2 for
the applicable Test Period or Calculation Period. 
 “Adjusted LIBOR Rate” means, with respect to any
Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100th of 1%) equal to (a) the LIBOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

 “Administrative Agent” has the meaning assigned to such term in the introductory paragraph hereto.

 “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the
Administrative Agent. 
 “Affiliate” means, with respect to a specified Person, another Person that directly,
or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified; provided, however, that, for purposes of Section 6.09(a), the term “Affiliate” shall
also include (a) any Person that directly or indirectly owns more than 25% of the Equity Interests of the Person specified that have the ordinary voting power to elect the directors thereof or (b) any Person that is an executive officer or
director of the Person specified. 
 “Agency Assignment Documents” means, collectively, (a) the Master
Assignment Agreement, and (b) each other agreement, document, assignment, notice, filing or endorsement entered into or made by the Existing Agent and the Administrative Agent in connection with the Master Assignment Agreement in order to
evidence such assignment and assumption or to grant or continue the Liens in favor of the Existing Agent contemplated by the Loan Documents (as defined in the Existing Credit Agreement) as assigned to or in favor of the Administrative Agent for the
benefit of the Secured Parties. 
 “Agreement” means the November 2006 Credit Agreement, as amended and
restated by the Existing Credit Agreement, as further amended and restated by this Second Amended and Restated Credit Agreement, as the same may from time to time be amended, modified, restated, or replaced from time to time, and any annexes,
exhibits and schedules to any of the foregoing. 
  

 3 

 “Alternate Base Rate” means, for any day, a rate per annum equal to the
greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%, and (c) the LIBOR Rate for a one-month maturity on such day (or if such day is not a Business Day,
on the immediately preceding Business Day) plus 1%; provided that, for the avoidance of doubt, for purposes of calculating the “Alternate Base Rate,” the LIBOR Rate for any day shall be based on the rate appearing on Reuters
Screen LIBOR01 Page (or any successor or substitute page of such page as determined by the Administrative Agent) at approximately 11:00 a.m. London time on such date. Any change in the Alternate Base Rate due to a change in the Prime Rate, Federal
Funds Effective Rate or LIBOR Rate shall be effective as of the opening of business on the effective day of such change in the Prime Rate, Federal Funds Effective Rate or LIBOR Rate, respectively. 

“Anti-Terrorism Laws” has the meaning assigned to such term in Section 3.24(a). 

“Applicable Margin” means, with respect to any ABR Loan or Eurodollar Loan, or with respect to the Unused Fee on
Committed Amount, as the case may be, the rate per annum set forth in the Pricing Grid below based upon the Consolidated Leverage Ratio then in effect: 
  

												
	Pricing Grid	 
	Level	  	Consolidated
Leverage Ratio	  	LIBOR Margin	 	 	Base Rate
Margin	 	 	Unused Fee on
Committed
Amount	 
	I	  	< 3.00 to 1.00	  	2.50	% 	 	1.50	% 	 	0.500	% 
	II	  	> 3.00 to 1.00 but

< 3.50 to 1.00
	  	2.75	% 	 	1.75	% 	 	0.500	% 
	III	  	> 3.50 to 1.00 but

< 4.00 to 1.00
	  	3.00	% 	 	2.00	% 	 	0.500	% 
	IV	  	> 4.00 to 1.00 but

< 4.50 to 1.00
	  	3.25	% 	 	2.25	% 	 	0.500	% 
	V	  	> 4.50 to 1.00	  	3.50	% 	 	2.50	% 	 	0.500	% 

 The Applicable Margin for any
date shall be determined by reference to the Consolidated Leverage Ratio as of the last day of the fiscal quarter most recently ended and any change shall (a) become effective upon the delivery to the Administrative Agent of financial
statements pursuant to Section 5.01(a) or (b) for such quarter and (b) apply (i) in the case of ABR Loans, to ABR Loans outstanding on such delivery date or made on and after such delivery date and (ii) in the case of
Eurodollar Loans, to Eurodollar Loans made, continued or converted on and after such delivery date; provided that for the period commencing on the Effective Date and until the next date on which financial statements are delivered to the
Administrative Agent pursuant to Section 5.01(a) or (b), the Applicable Margin shall be determined by reference to the Consolidated Leverage Ratio set forth in the calculations delivered pursuant to Section 4.01(o). Notwithstanding the
foregoing, at any time during which the applicable Borrower Party has failed to deliver such financial statements to the Administrative Agent when due, the Consolidated Leverage Ratio shall be deemed, solely for the purpose of this definition, to be
Level V until such time as the applicable Borrower Party shall deliver such financial statements. 
  

 4 

 “Arrangers” means, collectively, BNP Paribas Securities Corp., Banc of
America Securities LLC and BMO Capital Markets, and “Arranger” means, individually, BNP Paribas Securities Corp., Banc of America Securities LLC or BMO Capital Markets. 

“Assignee” has the meaning assigned to such term in Section 10.04(c). 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the
consent of any party whose consent is required by Section 10.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent. 

“Availability Period” means the period from and including the Effective Date to but excluding the earlier of the
Maturity Date and the date of termination of the Committed Amount. 
 “Benefit Arrangement” means, at any time,
an employee benefit plan within the meaning of Section 3(3) of ERISA that is not a Plan or a Multiemployer Plan and that is maintained or otherwise contributed to by any ERISA Affiliate. 

“Board” means the Board of Governors of the Federal Reserve System of the United States of America. 

“Borrower” has the meaning assigned to such term in the introductory paragraph hereto. 

“Borrower Parties” means the Borrower and the Restricted Subsidiaries. 

“Borrower’s Business” means the business of the Borrower and the Restricted Subsidiaries, taken as a whole.

 “Borrowing” means Loans of the same Type, made, converted or continued on the same date and, in the case of
Eurodollar Loans, as to which a single Interest Period is in effect. 
 “Borrowing Base Certificate” means a
certificate duly executed by a Financial Officer of the Borrower, substantially in the form of Exhibit G, prepared with respect to all Financed Eligible Inventory owned by the Borrower or any Restricted Subsidiary on the Inventory Financing
Sublimit Borrowing Base Date specified therein, (a) stating that the aggregate principal amount borrowed and outstanding under the Inventory Financing Sublimit Tranche, after giving effect to any Inventory Financing Sublimit Borrowings made on
or as of such Inventory Financing Sublimit Borrowing Base Date (if any), and giving effect to any prepayment required to be made contemporaneously with the delivery of such Borrowing Base Certificate pursuant to Section 2.11(e), does not exceed
the lesser of (x) the Inventory Financing Sublimit Borrowing Base as of such Inventory Financing Sublimit Borrowing Base Date and (y) Inventory Financing Sublimit Availability as of such Inventory Financing Sublimit Borrowing Base Date,
and (b) describing in reasonable detail the volumes, locations, sale contracts, Sale Values, Hedging Agreements, and Hedged Values of the Financed Eligible Inventory. 
  

 5 

 “Borrowing Request” means a request by the Borrower for a Borrowing in
accordance with Section 2.03, substantially in the form of Exhibit F. 
 “Borrowing Request (Financed
Inventory)” means a Borrowing Request or a Borrowing Base Certificate that includes the information related to the applicable Inventory Financing Sublimit Borrowing required by Section (c) of the form of Borrowing Request attached
hereto as Exhibit F. 
 “Business Day” means any day that is not a Saturday, Sunday or other day on
which commercial banks in New York City are authorized or required by law to remain closed; provided that, when used in connection with a Eurodollar Loan, the term “Business Day” shall also exclude any day on which banks are
not open for dealings in dollar deposits in the London interbank market. 
 “Calculation Period” means, with
respect to any Substantial Transaction or any other event expressly required to be calculated on a Pro Forma Basis pursuant to the terms of this Agreement, the Test Period most recently ended prior to the date of such Substantial
Transaction or other event for which financial statements pursuant to Section 5.01(a) or (b) have been delivered to the Lenders pursuant to this Agreement. 

“Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any
lease of (or other arrangement conveying the right to use) real property, pipelines or personal Property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person
under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 

“Casualty Event” means any loss of or damage to or destruction of, or any condemnation or other taking of, any Property
of the Borrower or any other Relevant Party. 
 “Change in Control” means the occurrence of any of the
following events: (a) the Borrower and the Restricted Subsidiaries (other than Restricted Subsidiaries that are Controlled, or directly or indirectly owned (in whole or in part), by the OLP) shall cease to be the sole legal or beneficial owners
(within the meaning of Rule 13d-3 under the Exchange Act) of 100% of the limited partnership interests of the OLP (including all securities which are convertible into limited partner interests), or (b) the General Partner shall cease to be the
sole general partner of the Borrower, or (c) the Continuing Directors shall cease to collectively constitute a majority of the members of the board of directors of the General Partner, or (d) members of the Permitted Investor Group,
collectively, shall cease to Control the General Partner, or (e) any Restricted Subsidiary that is a partnership shall cease to have as its general partner either the General Partner, the Borrower or a Restricted Subsidiary, or (f) any
change in control or similar event shall occur under the terms of any indenture, note agreement or other agreement governing any outstanding Material Indebtedness permitted by Section 6.01(j) that results in an “event of default”
under such Indebtedness, such Indebtedness becoming due and payable before its maturity, or such Indebtedness being subject to a repurchase, retirement or redemption right or option (whether or not exercised). 

 

 6 

 “Change in Law” means (a) the adoption of any law, rule or regulation
after November 15, 2006, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after November 15, 2006 or (c) compliance by any Lender or the Issuing Bank (or,
for purposes of Section 2.15(b), by any lending office of such Lender or by such Lender’s or the Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any
Governmental Authority made or issued after November 15, 2006. 
 “Charges” has the meaning assigned to
such term in Section 10.13. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to
time. 
 “Collateral” means all collateral under or as defined in any Security Document. 

“Committed Amount” means, with respect to each Lender, the amount of the commitment of such Lender to make Loans and to
acquire participations in Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder at any given time. A Lender’s Committed Amount may be
(a) increased from time to time pursuant to Section 2.05(c), (b) reduced from time to time pursuant to Section 2.05(b) or 2.09, or (c) reduced or increased from time to time pursuant to assignments by or to such Lender
pursuant to Section 10.04. The amount of each Lender’s Committed Amount as of the Effective Date is set forth on Schedule 2.01. The aggregate Committed Amount as of the Effective Date shall be $525,000,000. 

“Committed Amount Decrease Certificate” means a Committed Amount Decrease Certificate delivered in connection with a
decrease in the Committed Amounts substantially in the form of Exhibit B. 
 “Committed Amount Increase
Certificate” has the meaning assigned to such term in Section 2.05(c)(ii)(D). 
 “Consolidated
EBITDA” means, for any period, Consolidated Net Income for such period (without giving effect to (without duplication) (a) any extraordinary income or gains, (b) any interest income, (c) any non-cash income (excluding items
which represent the reversal of a non-cash charge referred to in clause (e) below of this definition), (d) any extraordinary losses, (e) any non-cash charges or losses (except to the extent that any such non-cash charge or loss would
require an anticipated cash payment (or a reserve for an anticipated cash payment) in any future period), including any non-cash expenses relating to impairments and similar write-offs and stock appreciation rights, (f) any gains or losses from
sales of assets other than inventory sold in the ordinary course of business, (g) income or losses attributable to Unrestricted Subsidiaries, Joint Ventures, any Person accounted for by the Borrower by the equity method of accounting, or any
other Person that is not a Subsidiary or (h) income or losses attributable to Direct Financing Leases) adjusted by adding thereto (in each case, to the extent deducted in determining Consolidated Net Income for such period or deducted by
operation of clause (g) or (h) above), without duplication, the amount of (i) total interest expense (inclusive of amortization of deferred financing fees and other original issue discount and banking fees, charges and commissions
(e.g., letter of credit fees and commitment fees)), (ii) provision for 
  

 7 

 
taxes based on income (including any Texas franchise Tax provided such franchise Tax is a Tax based on income) and foreign withholding taxes, (iii) all depreciation, depletion and
amortization expense (including impairment of assets, as contemplated in the Statement of Financial Accounting Standards No. 144 (or any codification thereof), “Accounting for the Impairment or Disposal of Long-Lived Assets”),
(iv) any deferred or non-cash equity compensation or stock option or similar compensation expense, including all expense recorded for the Borrower’s equity appreciation rights plan in excess of cash payments for exercised rights;
provided, however, that actual cash payments made with respect to such deferred compensation shall reduce Consolidated EBITDA in the period in which such payment is made, (v) any cash received by the Borrower or any Restricted
Subsidiary pursuant to any Direct Financing Lease and (vi) any cash distributions (or with respect to NEJD SPE 1, loan payments under the NEJD Intercompany Note) received by the Borrower or any Restricted Subsidiary from Unrestricted
Subsidiaries, Joint Ventures, any Person accounted for by the Borrower by the equity method of accounting, or any other Person that is not a Subsidiary. For the avoidance of doubt, it is understood and agreed that to the extent any amounts are
excluded from Consolidated Net Income by virtue of the proviso to the definition thereof, any add backs to Consolidated Net Income in determining Consolidated EBITDA as provided above shall be limited (or denied) in a fashion consistent with the
proviso to the definition of Consolidated Net Income contained in such definition. 
 “Consolidated Interest Coverage
Ratio” means, on any date of determination, the ratio of (a) Adjusted Consolidated EBITDA for the Test Period most recently ended on or prior to such date to (b) Consolidated Interest Expense for such Test Period. 

“Consolidated Interest Expense” means, for any period, (a) the sum of (i) the total consolidated interest
expense, net of consolidated interest income, of the Borrower and its Subsidiaries (including, without limitation, all commissions, discounts and other commitment and banking fees and charges (e.g., fees with respect to letters of credit
(including the Letters of Credit) and Hedging Agreements)) for such period (calculated without regard to any limitations on payment thereof), adjusted to exclude (to the extent same would otherwise be included in the calculation above in this clause
(a)) the amortization of any deferred financing costs for such period, plus (ii) without duplication, (x) that portion of Capital Lease Obligations of the Borrower and its Subsidiaries on a consolidated basis representing the
interest factor for such period and (y) the “deemed interest expense” (i.e., the interest expense which would have been applicable if the respective obligations were structured as on-balance sheet financing arrangements) with
respect to all Indebtedness of the Borrower and its Subsidiaries of the type described in clause (g) of the definition of Indebtedness contained herein (to the extent same does not arise from a financing arrangement constituting an operating
lease) for such period, minus (b) that portion of (i) and (ii) above attributable to Unrestricted Subsidiaries. 

“Consolidated Leverage Ratio” means, on any date of determination, the ratio of (a) Consolidated Total Funded Debt
on such date to (b) Adjusted Consolidated EBITDA for the Test Period most recently ended on or prior to such date; provided that solely for the purpose of the definition of Applicable Margin, Adjusted Consolidated EBITDA as used in
clause (b) hereof will be calculated without giving effect to the proviso set forth in the definition of Adjusted Consolidated EBITDA. 
  

 8 

 “Consolidated Net Income” means, for any period, the net income (or loss)
of the Borrower and its Subsidiaries determined on a consolidated basis for such period (taken as a single accounting period) in accordance with GAAP, provided that the following items shall be excluded (without duplication) in computing
Consolidated Net Income: (i) except for determinations expressly permitted or required to be made on a Pro Forma Basis, the net income (or loss) of any Person accrued prior to the date it becomes a Subsidiary or all or substantially all
of the Property or assets of such Person are acquired by a Subsidiary and (ii) the net income of any Subsidiary to the extent that the declaration or payment of cash dividends or similar cash distributions by such Subsidiary of such net income
is not at the time permitted by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to such Subsidiary. 

“Consolidated Senior Secured Leverage Ratio” means, on any date of determination, the ratio of (a) Consolidated
Total Senior Secured Funded Debt on such date to (b) Adjusted Consolidated EBITDA for the Test Period most recently ended on or prior to such date. 

“Consolidated Net Tangible Assets” means, at any date of determination, the total amount of consolidated assets of the
Borrower and its Subsidiaries on a consolidated basis after deducting therefrom: (a) all current liabilities (excluding (i) any current liabilities that by their terms are extendable or renewable at the option of the obligor thereon to a
time more than 12 months after the time as of which the amount thereof is being computed and (ii) current maturities of long-term debt) and (b) the value (net of any applicable reserves) of all goodwill, trade names, trademarks, patents
and other intangible assets, all as set forth, or on a Pro Forma Basis would be set forth, on the consolidated balance sheet of the Borrower and its Subsidiaries on a consolidated basis for the most recently completed fiscal quarter, prepared in
accordance with GAAP. 
 “Consolidated Total Funded Debt” means, at any time, an amount equal to (a) the
sum of (without duplication) (i) all Indebtedness and Disqualified Equity of the Borrower and its Subsidiaries (on a consolidated basis) as would be required to be reflected as debt or Capital Lease Obligations on the liability side of a
consolidated balance sheet of the Borrower and its Subsidiaries in accordance with GAAP, (ii) all Indebtedness of the Borrower and its Subsidiaries of the type described in clauses (b) (excluding undrawn amounts in respect of letters of
credit) and (g) of the definition of Indebtedness, and (iii) all Guarantees of the Borrower and its Subsidiaries in respect of Indebtedness of any third Person of the type referred to in preceding clauses (i) and (ii), minus
(b) to the extent included in clause (a) above, any such Indebtedness or Guarantees of any Unrestricted Subsidiaries, minus (c) to the extent included in clause (a) above, outstanding Inventory Financing Sublimit
Borrowings; provided, that for purposes of this clause (c), the outstanding Inventory Financing Sublimit Borrowings on the last day of each month (including for purposes of delivery of any certificates pursuant to Section 5.01(d)) shall
be deemed to have been reduced by the Inventory Sublimit Prepayment Amount of a prepayment required to be made in the immediately succeeding calendar month pursuant to Section 2.11(e). 

“Consolidated Total Senior Secured Debt” means, at any time, all Consolidated Total Funded Debt that is secured by a
Lien on any assets or Property of the Borrower or any of its Restricted Subsidiaries. 
  

 9 

 “Continuing Director” means any member of the board of directors of the
General Partner who (a) is a member of such board of directors as of the date hereof or is specified in the Borrower’s filings with the SEC prior to the date hereof as a Person who is to become a member of such board as of the Effective
Date, (b) was nominated for election or elected to such board of directors with the approval of at least a majority of the Continuing Directors who were members of such board at the time of such nomination or election; or (c) is a designee
of any owner of Equity Interests in the General Partner. 
 “Control” means the possession, directly or
indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto. 
 “Control Agreement” means any agreement the purpose of which is to create
a First Priority perfected Lien by control in favor of the Administrative Agent for the benefit of the Secured Parties in respect of one or more deposit accounts, securities accounts or commodities accounts of any Borrower Party. 

“Co-Syndication Agents” means Bank of America, N.A. and Bank of Montreal. 

“Covered Property” means any Equity Interests, Pipelines or other Property (excluding Real Property) of a type subject
to the Security Documents first owned or acquired by the Borrower or any Restricted Subsidiary after the date of this Agreement that, at the time the Borrower or such Restricted Subsidiary first owns or acquires such Property, automatically becomes
Collateral subject to perfected First Priority Liens (subject to Permitted Encumbrances) already created pursuant to then existing Security Documents. 

“Davison Family” means (a) James E. Davison (Sr.), James E. Davison, Jr., Stephen K. Davison and Todd A. Davison,
and (b) any Related Person of any such member. 
 “Davison Group” means (a) any member of the Davison
Family and (b) any Related Person of any such member. 
 “Default” means any event or condition which
constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. 

“Defaulting Lender” means, at any time, any Lender that (a) within one Business Day of when due, has failed to fund
any portion of any Loan (or any participation in respect of its Committed Amount) to, as applicable, the Borrower, the Administrative Agent or any Issuing Bank required pursuant to the terms of this Agreement to be funded by such Lender, or has
notified the Administrative Agent that it does not intend to do so; or (b) has notified the Borrower, the Administrative Agent, any Issuing Bank, or any Lender in writing that it does not intend to comply with any of its funding obligations
under this Agreement or has made a public statement to the effect that it does not intend to comply with its funding obligations under this Agreement or under other agreements in which it commits to extend credit; or (c) has failed, within
three Business Days after reasonable request by the Administrative Agent or the Borrower, to confirm that it will comply with the terms of this Agreement relating to any of its 

 

 10 

 
obligations to fund prospective Loans (or any participations in respect of its Committed Amount); or (d) otherwise has failed to pay over to the Administrative Agent, any Issuing Bank, 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 (e) (i) has become or is insolvent or has a parent company that has become
or is insolvent or (ii) has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to,
approval of or acquiescence in any such proceeding or appointment or has a parent company that has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken
any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment. 

“Denbury” means Denbury Resources Inc., a Delaware corporation. 

“DG JV” means DG JV, LLC, a Delaware limited liability company. 

“DG Marine Agreement Contribution” means the contribution and assignment by each of the Borrower and Genesis Marine of
certain of their rights and obligations under the DG Marine Agreements to DG Marine Transportation. 
 “DG Marine
Agreements” means the DG Marine Contribution and Sale Agreement and the DG Marine Omnibus Agreement. 
 “DG
Marine Contribution and Sale Agreement” means the Contribution and Sale Agreement, dated June 11, 2008, by and among Grifco Transportation, Ltd., DG Marine Transportation and Shore Thing, Ltd., as Sellers, Genesis Marine, as Investor,
the Borrower and TD Marine. 
 “DG Marine Holdings” means DG Marine Holdings, LLC, a Delaware limited liability
company. 
 “DG Marine Joint Ventures” means DG JV, DG Marine Holdings, and DG Marine Transportation and their
subsidiaries. 
 “DG Marine Joint Ventures Administrative Arrangements” means the provision by the Borrower and
its Affiliates of certain administrative-type services and other arrangements to the DG Marine Joint Ventures, including employee benefit arrangements, administrative relationships and performance guarantees, the value of which does not exceed
$3,000,000, for which the Borrower and the applicable Affiliate of the Borrower are reimbursed by the applicable DG Marine Joint Venture for costs incurred by the Borrower or such Affiliate of the Borrower related to the provision of such services
in accordance with Section 5.15(b). 
 “DG Marine Omnibus Agreement” means the Omnibus Agreement, dated
June 11, 2008, by and among TD Marine, James E. Davison, Steven K. Davison, and Todd A. Davison, as the Davison Parties, and the Borrower and Genesis Marine, as the Genesis Parties. 

“DG Marine Transportation” means DG Marine Transportation, LLC, a Delaware limited liability company. 

 

 11 

 “DG Marine Transportation Employee Benefit Arrangements” means the
participation by employees of DG Marine Transportation in the health, welfare and 401(k) plans of the Borrower and the General Partner, and DG Marine Transportation’s reimbursement to the Borrower and/or the General Partner in respect of
additional costs incurred thereby related to such participation in accordance with Section 5.15(a). 
 “DG Marine
Transportation Subordinated Debt” means the debt issued pursuant to that certain senior subordinated credit agreement, dated as of May 30, 2008, between DG Marine Transportation, as borrower, and Genesis Marine, as lender, as amended.

 “Direct Financing Lease” means any arrangement in respect of which cash received pursuant to such
arrangement is shown on the Borrower’s consolidated statement of cash flows as being attributable to “direct financing leases;” provided, however, the NEJD Financing Lease Agreement shall not constitute a Direct
Financing Lease for purposes hereof. 
 “Disclosed Matters” means the actions, suits and proceedings disclosed
in Schedule 3.07. 
 “Disqualified Equity” means any Equity Interest that, by its terms (or by the terms
of any security into which it is convertible, or for which it is exchangeable, in each case at the option of the holder of the Equity Interest), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund
obligation or otherwise, or redeemable at the option of the holder of the Equity Interest, in whole or in part, earlier than six months after the Maturity Date. Notwithstanding the preceding sentence, any Equity Interests that would constitute
Disqualified Equity Interests solely because the holders of the Equity Interests have the right to require the Borrower to repurchase such Equity Interests upon the occurrence of a change of control or an asset sale will not constitute Disqualified
Equity Interests if the terms of such Equity Interests provide that the Borrower may not repurchase or redeem any such Equity Interests pursuant to such provisions unless such repurchase or redemption complies with Section 6.08. 

“Divestiture” means the direct or indirect sale or transfer, whether in one or more related transactions, by the
Borrower or the Restricted Subsidiaries of any Person or group of Persons (or any Equity Interest in any Person or group of Persons) or any related group of assets, liabilities or securities of any Person or group of Persons.
“Divest” has a meaning correlative thereto. 
 “Documentation Agent” means U.S. Bank National
Association. 
 “dollars” or “$” refers to lawful money of the United States of America.

 “EDGAR” means the Electronic Data Gathering, Analysis, and Retrieval computer system for the receipt,
acceptance, review and dissemination of documents submitted to the SEC in electronic format. 
 “Effective
Date” means the date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with Section 10.02). 
  

 12 

 “Eligible Inventory” means Petroleum Products owned by the Borrower or its
Restricted Subsidiaries, specified by the Borrower as Eligible Inventory in the corresponding Borrowing Base Certificate or Borrowing Request (Financed Inventory), as applicable, which are the subject of either (x) sales contracts or
(y) Hedging Agreements (including over-the-counter commodity contracts, futures contracts and physical forward sales contracts at fixed prices); provided, that such Petroleum Products shall only constitute Eligible Inventory so long as
(a) (i) the Borrower or its Restricted Subsidiaries shall have lawful and absolute title thereto (specifically excluding, however, tank bottoms and pipeline line fill of the Borrower and its Restricted Subsidiaries classified as long-term
assets), subject only to Permitted Eligible Inventory Encumbrances and (ii) the Administrative Agent, for the benefit of the Secured Parties, shall have a First Priority perfected Lien with respect to such Petroleum Products (subject only to
Permitted Eligible Inventory Encumbrances), (b) the Administrative Agent, for the benefit of the Secured Parties, shall have a First Priority perfected Lien (subject only to Permitted Eligible Inventory Encumbrances) with respect to such sales
contracts or Hedging Agreements, and (c) unless such requirement is waived by the Administrative Agent, each applicable commodities intermediary shall have executed and delivered an Inventory Financing Control Agreement. 

“Embargoed Person” has the meaning set forth in Section 6.22. 

“Environmental Claim” means any notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or
other order or directive by any Governmental Authority or any other Person, arising (a) pursuant to or in connection with any actual or alleged violation of any Environmental Law, (b) in connection with any Hazardous Material or any actual
or alleged Hazardous Material Activity, or (c) in connection with any actual or alleged damage, injury, threat or harm to natural resources or the environment or, to the extent arising under Environmental Laws. 

“Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments or injunctions
promulgated by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, release or threatened release of any Hazardous Material. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnification for such matters), of any Person directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation,
storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment, (e) any Environmental Claim, or (f) any
contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Equity Interest” means any and all shares, interests, participations or other equivalents (however designated) of
capital stock of a corporation, any member interests in a limited liability company, any general or limited partner interests in a partnership, any and all equivalent ownership interests in a Person and any and all warrants, options or other rights
to purchase any of the foregoing. 
  

 13 

 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended from time to time. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) that,
together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under
Section 414 of the Code. 
 “ERISA Event” means (a) any “reportable event”, as defined in
Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30 day notice period is waived); (b) the existence with respect to any Plan of an “accumulated funding
deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a waiver of the
minimum funding standard with respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Borrower or
any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Borrower or any of its ERISA Affiliates of
any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any
ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA. 

“Eurodollar”, when used in reference to any Loan or Borrowing (including any Inventory Financing Sublimit Borrowing),
refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBOR Rate. 

“Event of Default” has the meaning assigned to such term in Article VII. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor statute
thereto. 
 “Exchange Consent” means the Consent and Agreement contemplated by Section 2(b)(iv) of the
NEJD Consent. 
 “Excluded Accounts” has the meaning assigned to such term in Section 6.18. 

“Excluded Property” means any (a) tract, or group of related tracts, of Real Property acquired by the Borrower or
any Restricted Subsidiary (other than from a Borrower Party) after the date of this Agreement having a fair market value (when including the fair market value of improvements thereon) on the acquisition date thereof of less than $10,000,000 in the
aggregate for such group; provided, however, that with respect to projects undertaken in connection with Organic Growth, the term “acquisition date” shall mean the “in-service” date of the relevant project,
(b) vehicles, aircraft and other goods covered by a certificate of title, (c) marine vessels owned by the DG Marine Joint Ventures (including subsidiaries of DG Marine 

 

 14 

 
Transportation) on the Effective Date and each marine vessel purchased or otherwise acquired by any Borrower Party or DG Marine Transportation and its subsidiaries after the Effective Date if the
consideration paid by such Borrower Party in the transaction or group of related transactions related to such acquisition is less than $10,800,000, (d) rights in or to letters of credit (including letter of credit rights (as defined in the
UCC)), (e) the Excluded Accounts and (f) Property subject to a Lien permitted pursuant to Section 6.02(f) or (h) (so long (and only so long) as the documents evidencing the Indebtedness secured thereby and permitted pursuant to
Section 6.01(h) or (g), respectively, prohibit Liens thereon securing obligations under the Loan Documents). 

“Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the Issuing Bank or any other recipient of
any payment to be made by or on account of any obligation of the Borrower hereunder, (a) income or franchise taxes imposed on (or measured by) its net income by the United States of America, or by the jurisdiction under the laws of which such
recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located, (b) any branch profits taxes imposed by the United States of America or any similar tax imposed
by any other jurisdiction in which the Borrower is located, (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under Section 2.19(b)), any withholding tax that is imposed on amounts payable to
such Foreign Lender at the time such Foreign Lender becomes a party to this Agreement (or designates a new lending office) or is attributable to such Foreign Lender’s failure to comply with Section 2.17(e), except to the extent that such
Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 2.17(a), and
(d) in the case of a Foreign Lender, any U.S. federal withholding taxes imposed on amounts payable to a Lender or the Issuing Bank as a result of such Lender’s or Issuing Bank’s failure to comply with the requirements of FATCA to
establish a complete exemption from withholding thereunder. 
 “Executive Order” has the meaning assigned to
such term in Section 3.24(a). 
 “Exempted Joint Venture” means each Joint Venture, any of the Equity
Interests of which is owned by any Borrower Party or any Subsidiary, that is acquired from an integrated energy company as contemplated by the Borrower prior to the date hereof. 

“Existing Agent” has the meaning assigned to such term in the recitals hereto. 

“Existing Credit Agreement” has the meaning assigned to such term in the recitals hereto. 

“Existing Issuing Bank” means Bank of America, N.A. 

“Existing Letters of Credit” means the Letters of Credit listed on Schedule 2.06. 

“Facility” means any Real Property or Pipelines (including in each case all buildings, fixtures, or other improvements
located thereon) now, hereafter or heretofore owned, leased, operated or used by the Borrower, any Subsidiary or any of their respective predecessors or Affiliates. 

 

 15 

 “Family” means (a) an individual, (b) such individual’s
spouse, (c) any other natural person who is related to such individual or such individual’s spouse within the second degree of kinship and (d) any other natural person who has been adopted by such individual. 

“FATCA” means Section 1471 through 1474 of the Code as enacted on the date hereof and any regulations or official
interpretations thereof. 
 “Federal Funds Effective Rate” means, for any day, the weighted average of the
rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York or, if such rate is not so published
for any day which is a Business Day, the average of the quotations for the day of such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. 

“Fee Letters” means, collectively, (a) that certain Fee Letter, dated as of June 29, 2010, among the Arrangers
and the Borrower, and (b) that certain Fee Letter, dated as of June 29, 2010, between the Administrative Agent and the Borrower. 

“FERC” means the Federal Energy Regulatory Commission. 

“Finance Co” means a direct, Wholly Owned Subsidiary formed to become or otherwise serving as a co-issuer or co-borrower
of unsecured Indebtedness or Disqualified Equity permitted by this Agreement, which Restricted Subsidiary meets the following conditions at all times: (a) the provisions of Sections 5.10 and 5.11 have been complied with respect to such
Restricted Subsidiary and (b) such Restricted Subsidiary has not (i) incurred, directly or indirectly, any Indebtedness, Disqualified Equity or other obligation or liability whatsoever other than the Indebtedness or Disqualified Equity
that it was formed to co-issue or co-borrow or for which it otherwise serves as co-issuer or co-borrower; (ii) engaged in any business, activity or transaction or owned any Property, assets or Equity Interests other than (A) performing its
obligations and activities incidental to the co-issuance or co-borrowing of the Indebtedness or Disqualified Equity that it was formed to co-issue or co-borrow or for which it otherwise serves as co-issuer or co-borrower, and (B) other
activities incidental to the maintenance of its existence, including legal, Tax and accounting administration; (iii) consolidated with or merged with or into any Person; or (iv) failed to hold itself out to the public as a legal entity
separate and distinct from all other Persons. 
 “Financed Eligible Inventory” means all Eligible Inventory the
purchase or storage of which has been financed (or deemed financed) by Loans made under the Inventory Financing Sublimit Tranche. 

“Financial Officer” means, with respect to any Person, the chief executive officer, president, chief accounting officer,
chief financial officer, treasurer, vice president of finance or controller of such Person and, to the extent the Borrower or any of the Subsidiaries does not have any officers (or any such officer), any similar officer of the General Partner or
such Person’s parent or general partner. 
  

 16 

 “First Priority” means, with respect to any Lien purported to be created
and granted in any Collateral pursuant to any Security Document, that such Lien is the most senior Lien to which such Collateral is subject. 

“Foreign Lender” means any Lender that is organized under the laws of a jurisdiction other than that in which the
Borrower is located. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

“Foreign Subsidiary” means any Subsidiary that is not organized under the laws of the United States of America or any
state thereof or the District of Columbia. 
 “Free State Acquisition” means the purchase by FS SPE 2 of the
Free State Pipeline from Onshore pursuant to the Free State Purchase and Sale Agreement. 
 “Free State Acquisition
Documents” means the Free State Purchase and Sale Agreement, the Free State Transportation Services Agreement, the Free State ROFR Agreement, the Free State SRCA, the Free State Denbury Guaranty, and each other agreement, instrument,
certificate or document executed by the Borrower Parties, FS SPE 2, Denbury and/or Onshore or any of their officers at any time in connection with the Free State Acquisition, as such agreements may be amended, modified, supplemented or restated from
time to time in accordance with this Agreement. 
 “Free State Denbury Guaranty” means the Guaranty, dated as
of May 30, 2008, by Denbury in favor of FS SPE 2. 
 “Free State Pipeline” means the “Pipeline
System” as defined in the Free State Purchase and Sale Agreement. 
 “Free State Purchase and Sale
Agreement” means the Pipeline Purchase and Sale Agreement, dated as of May 30, 2008, by and between Onshore and FS SPE 2. 

“Free State ROFR Agreement” means the Right of First Refusal and Option to Purchase Agreement, dated as of May 30,
2008, by and among Onshore, FS SPE 2 and the Borrower. 
 “Free State SRCA” means the Special Representations
and Covenants Agreement, dated as of May 30, 2008, by and between the Borrower and Onshore relating to the Free State Acquisition. 

“Free State Transportation Services Agreement” means the Transportation and Services Agreement dated as May 30,
2008, by and between FS SPE 2 and Onshore. 
 “FS SPE 1” means Genesis Free State Holdings, LLC, a Delaware
limited liability company. 
 “FS SPE 2” means Genesis Free State Pipeline, LLC, a Delaware limited liability
company. 
  

 17 

 “GAAP” means generally accepted accounting principles in the United States
of America. 
 “General Loans” means all Loans other than Inventory Financing Sublimit Borrowings;
provided, that Inventory Financing Sublimit Borrowings may be converted into General Loans in accordance with Section 2.11(e)(ii). 

“General Partner” means the “General Partner” of the Borrower as such term is defined in the Partnership
Agreement. 
 “General Partner Pledge Agreement” means the First Amended and Restated General Partner Pledge
Agreement, dated as of even date herewith, by the General Partner in favor of the Administrative Agent. 
 “Genesis
Assignment and Assumption Agreement” has the meaning assigned to such term in the recitals hereto. 
 “Genesis
Marine” means Genesis Marine Investments, LLC, a Delaware limited liability company. 
 “Governmental
Authority” means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 

“Governmental Real Property Disclosure Requirements” means any Governmental Requirement of any Governmental Authority
requiring notification of the buyer, lessee, mortgagee, assignee or other transferee of any Real Property, Pipeline, facility, establishment or business, or notification, registration or filing to or with any Governmental Authority, in connection
with the sale, lease, mortgage, assignment or other transfer (including any transfer of control) of any Real Property, Pipeline, facility, establishment or business, of the actual or threatened presence or release in or into
the environment, or the use, disposal or handling of Hazardous Material on, at, under or near the Real Property, Pipeline, facility, establishment or business to be sold, leased, mortgaged, assigned or transferred. 

“Governmental Requirement” means any law, statute, code, ordinance, order, determination, rule, regulation, judgment,
decree, injunction, franchise, permit, certificate, license, authorization or other directive or requirement, whether now or hereafter in effect, including Environmental Laws, energy regulations and occupational, safety and health standards or
controls, of any Governmental Authority. 
 “Guarantee”, of or by any Person (the “guarantor”), means
any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or
indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply
funds for the 
  

 18 

 
purchase of) any security for the payment thereof, (b) to purchase or lease Property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of
the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as
an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or obligation; provided that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of
business or any obligation that arises solely as a result of the relevant Person’s status as a general partner in a partnership. 

“Guarantee and Collateral Agreement” means the Second Amended and Restated Guarantee and Collateral Agreement, dated as
of even date herewith, by and among the Borrower and the other grantors set forth therein, in favor of the Administrative Agent. 

“Guarantor” means each Restricted Subsidiary and each guarantor pursuant to Sections 5.10 and 5.11. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances,
wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated
pursuant to any Environmental Law. 
 “Hazardous Materials Activity” means any event or occurrence involving
any Hazardous Materials, including the use, manufacture, possession, storage, holding, presence, existence, location, release, threatened release, discharge, placement, generation, transportation, processing, construction, treatment, abatement,
removal, remediation, disposal, disposition or handling of any Hazardous Materials, and any corrective action or response action with respect to any of the foregoing. 

“Hedged Value” means, as to Financed Eligible Inventory that is not subject to sales contracts, an amount equal to the
volumes of such Financed Eligible Inventory multiplied by the prices fixed with respect thereto in the corresponding Hedging Agreements. 

“Hedging Agreement” means any agreement with respect to any swap, forward, future or derivative transaction or option or
similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or
any similar transaction or any combination of these transactions. 
 “Indebtedness” means, as to any Person,
without duplication, (a) all indebtedness of such Person for borrowed money or for the deferred purchase price of Property or services (other than current trade liabilities incurred in the ordinary course of business and payable in accordance
with customary practices and which in any event are no more than 120 days past due, or, if more than 120 days past due, are being contested in good faith and adequate reserves with respect thereto have been made on the books of such Person),
(b) the maximum amount available to be drawn or paid under all letters of credit, bankers’ acceptances, bank guaranties, surety and 

 

 19 

 
appeal bonds and similar obligations issued for the account of such Person and all unpaid drawings and unreimbursed payments in respect of such letters of credit, bankers’ acceptances, bank
guaranties, surety and appeal bonds and similar obligations, (c) all indebtedness of the types described in clause (a), (b), (d), (e), (f) or (g) of this definition secured by any Lien on any Property owned by such Person, whether or
not such indebtedness has been assumed by such Person (provided that, if the Person has not assumed or otherwise become liable in respect of such indebtedness, such indebtedness shall be deemed to be in an amount equal to the lesser of the
amount of such indebtedness and the fair market value of the Property to which such Lien relates), (d) all Capital Lease Obligations of such Person, (e) all Guarantees of such Person, (f) all net obligations under any Hedging
Agreement or under any similar type of agreement and (g) all Off-Balance Sheet Liabilities of such Person. For the avoidance of doubt, Indebtedness shall not include any indebtedness that arises solely as a result of the relevant Person’s
status as a general partner of a partnership. 
 “Indemnified Taxes” means Taxes other than Excluded Taxes.

 “Intellectual Property” has the meaning assigned to such term in Section 3.20(a). 

“Interest Election Request” means a request by the Borrower to convert or continue a Borrowing in accordance with
Section 2.08, substantially in the form of Exhibit D. 
 “Interest Payment Date” means
(a) with respect to any ABR Loan, the last day of each March, June, September and December and (b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in
the case of a Eurodollar Borrowing with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest
Period. 
 “Interest Period” means with respect to any Eurodollar Borrowing, the period commencing on the date
of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months thereafter, as the Borrower may elect; provided that (a) if any Interest Period would end on a day other than a
Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day
and (b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of
the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of
such Borrowing. 
 “Inventory Financing Control Agreement” means a Control Agreement required in connection
with the Inventory Financing Sublimit Tranche with respect to one or more commodities accounts. 
 “Inventory Financing
Sublimit Amount” means $75,000,000. 
  

 20 

 “Inventory Financing Sublimit Availability” means, at any time, the lower
of (a) the then effective aggregate Committed Amounts (net of the then outstanding General Loans and LC Exposure) and (b) the Inventory Financing Sublimit Amount. 

“Inventory Financing Sublimit Borrowing” means a Borrowing under the Inventory Financing Sublimit Tranche. 

“Inventory Financing Sublimit Borrowing Base” means, as redetermined upon the delivery of each Borrowing Base
Certificate delivered pursuant to Section 5.01(g), as of the Inventory Financing Sublimit Borrowing Base Date specified therein, the amount equal to the product of (a) 90% and (b) an amount equal to the sum of (in each case, as
determined as of such Inventory Financing Sublimit Borrowing Base Date) (i) the Sale Value of Financed Eligible Inventory that is subject to sales contracts, plus (ii) the Hedged Value of Financed Eligible Inventory that is not
subject to sales contracts, minus (iii) all storage, transportation and other applicable costs related to such Financed Eligible Inventory. 

“Inventory Financing Sublimit Borrowing Base Date” means the last day of each calendar month. 

“Inventory Financing Sublimit Tranche” has the meaning assigned to such term in Section 2.01(b). 

“Inventory Sublimit Prepayment Amount” has the meaning assigned to such term in Section 2.11(e). 

“Investment” means, with respect to any Person, any direct or indirect purchase or other acquisition by such Person of
any Equity Interest in any other Person, or any direct or indirect loan, advance or capital contribution by such Person to any other Person, including all Indebtedness and receivables owed by such other Person that are not current assets or did not
arise from sales to such other Person in the ordinary course of business and, solely for purposes of clauses (a) through (p) of Section 6.04, any evidences of Indebtedness or other securities (including any option, warrant or other
right to acquire any Equity Interest, evidences of indebtedness or other securities) of, any Guarantee of obligations of, or any other interest in, any other Person. 

“Issuing Bank” means (a) BNP Paribas, (b) each Existing Issuing Bank in its capacity as the issuer of the
Existing Letters of Credit issued thereby or (c) such other Lender that is agreed upon by such Lender, the Administrative Agent and the Borrower in such Person’s capacity as an issuer of Letters of Credit hereunder, and in the case of
clause (a) or (c), its successors in such capacity as provided in Section 2.06(i). Any Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term
“Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 

“Joint Venture” means (a) any Person (i) that is not a Subsidiary, and (ii) of which the Borrower,
together with its subsidiaries, is, directly or indirectly, the beneficial owner of 5% or more of any class of Equity Interests or (b) an Unrestricted Subsidiary formed with the express intention of establishing a joint venture; provided
that if an entity formed pursuant to this clause (b) still constitutes a Subsidiary thirty days after formation, it shall no longer constitute a Joint Venture. 

 

 21 

 “Knowledge” means knowledge; provided that to the extent used in
this Agreement to refer to the knowledge of any Borrower Party in respect of activities or affairs of any Person that is not an Affiliate of such Borrower Party, the term “Knowledge” shall not require such Borrower Party to make any
inquiry to such Person. 
 “LC Disbursement” means a payment made by any Issuing Bank pursuant to a Letter of
Credit issued by such Issuing Bank. 
 “LC Exposure” means, at any time, the sum of (a) the aggregate
undrawn amount of all outstanding Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Issuing Bank at
any time shall be its Ratable Portion of the total LC Exposure at such time. 
 “Lenders” means the Persons
listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Additional Lender Certificate or an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an
Assignment and Assumption or any other documentation specified in Section 2.19. 
 “Letter of Credit”
means any letter of credit issued pursuant to this Agreement and the Existing Letters of Credit. 
 “Letter of Credit
Request” means a request by the Borrower for a Letter of Credit in accordance with Section 2.06(a), substantially in the form of Exhibit C. 

“LIBOR Rate” means, with respect to any day during each Interest Period pertaining to a Eurodollar Loan, the rate per
annum determined on the basis of the rate for deposits in dollars for a period equal to such Interest Period commencing on the first day of such Interest Period appearing on Reuters Reference LIBOR01 (or any successor page) at approximately 11:00
a.m., London time, two Business Days prior to the first day of such Interest Period. In the event that such rate does not appear on Reuters Reference LIBOR 01 (or otherwise on such screen), then the “LIBOR Rate” shall be determined by
reference to such other comparable publicly available service for displaying eurodollar rates as may be selected by the Administrative Agent or, in the absence of such availability, by reference to the rate at which the Administrative Agent is
offered dollar deposits at or about 11:00 a.m., New York City Time, two Business Days prior to the commencement of such Interest Period in the interbank eurodollar market where its eurodollar and foreign currency and exchange operations are then
being conducted for delivery on the first day of such Interest Period for the number of days comprised therein and in an amount comparable to the amount of the Eurodollar Loan to be outstanding during such Interest Period. 

“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance,
charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect
as any 
  

 22 

 
of the foregoing) relating to such asset, (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities and (d) solely for
purposes of clause (a) through (h) of Section 6.02, any assignment or sale of income or revenues (including accounts receivable) or rights in respect of any thereof. 

“Loan Documents” means this Agreement, each promissory note, if any, executed in connection herewith, the Letters of
Credit, the Security Documents, the Genesis Assignment and Assumption Agreement, the Master Assignment Agreement, the Fee Letter, each Secured Hedging Agreement, the NEJD Intercompany Financing Agreements, any letter of credit issued for the benefit
of NEJD SPE 1, NEJD SPE 2 or the Administrative Agent in connection with the NEJD Transaction, and each other agreement, instrument, certificate or document executed by the Borrower Parties or any of their officers at any time in
connection with this Agreement, as such agreements may be amended, modified, supplemented or restated from time to time. 

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

“Management Group” means (a) members of the executive management personnel of the General Partner, (b) any
spouse or descendant of any individual named in (a), (c) any other natural person who is a member of the Family of any such individual referenced in (a)-(b) above, (d) any other natural person who has been adopted by any such
individual referenced in (a)-(c) above, and (e) any Related Person of any such Person referenced in (a)-(d) above. 

“Margin Stock” has the meaning assigned to such term in Regulation U. 

“Master Assignment Agreement” has the meaning assigned to such term in the recitals hereto. 

“Material Acquisition” means a Permitted Acquisition that, when taken together with all other Permitted Acquisitions
that have been consummated in the immediately prior twelve months, collectively have an aggregate Acquisition Consideration in excess of $75,000,000; provided that the acquisition by the Borrower Parties of any Equity Interests in any DG
Marine Joint Venture shall not constitute, or count towards the $75,000,000 threshold of, a Material Acquisition. 

“Material Adverse Effect” means a material adverse effect on (a) the business, assets, operations or condition,
financial or otherwise, of the Borrower and the other Borrower Parties, taken as a whole, exclusive of the inclusion (whether through consolidation, the application of the equity or cost method of accounting for investments, or otherwise) of any
effects (including investments therein, assets, liabilities, revenues, expenses and income/loss) attributable to any Unrestricted Subsidiary other than (i) actual cash distributions from any Unrestricted Subsidiary to any Borrower Party and
(ii) actual effects on the Borrower Parties on a standalone basis (such as any Borrower Party becoming liable for any obligation), (b) the perfection or priority of the Liens created and granted pursuant to the Security Documents,
(c) the ability of any Borrower Party to perform any of its obligations under the Loan Documents to which it is a party or (d) the rights of or benefits available to the Lenders under this Agreement or any other Loan Document. 

 

 23 

 “Material Agreement” means any agreement to which any Borrower Party is a
party that is of the type either referred to as a “material definitive agreement” in Form 8-K or required to be attached as an exhibit to a filing in accordance with Item 601 of Regulation S-K, as promulgated by the SEC. 

“Material Exempted Joint Ventures” means, collectively, the Exempted Joint Ventures for which the Adjusted Consolidated
EBITDA attributable thereto, in the aggregate, is equal to or greater than $10,000,000 with respect to any Test Period. 

“Material Indebtedness” means Indebtedness (other than the Loans and Letters of Credit) or Disqualified Equity of any
one or more of the Borrower and the other Borrower Parties in an aggregate principal amount exceeding 3% of Consolidated Net Tangible Assets as of the most recent delivery of financial statements pursuant to Section 5.01(a) or
Section 5.01(b). For purposes of determining Material Indebtedness, the “principal amount” of any Hedging Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or any
Restricted Subsidiary would be required to pay if such Hedging Agreement were terminated at such time. 
 “Material
Subsidiary” means any Restricted Subsidiary that, on any date of determination, (a) owns tangible Property having a fair market value in excess of 5% of the aggregate fair market value of all tangible Property of the Borrower and the
Restricted Subsidiaries, in each case, as determined in good faith by the Borrower, or (b) accounts for in excess of 5% of Consolidated EBITDA for the Test Period most recently ended on or prior to such date; provided that FS SPE 1 and
NEJD SPE 1 shall at all times be deemed to be Material Subsidiaries. 
 “Maturity Date” means June 30,
2015. 
 “Maximum Rate” has the meaning assigned to such term in Section 10.13. 

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

“Mortgage” means each mortgage, deed of trust or any other document creating and evidencing a Lien on Real Property,
Pipelines and other Property in favor of the Secured Parties, which shall be in a form reasonably satisfactory to the Administrative Agent, as the same may be amended, modified, supplemented or restated from time to time in accordance with the Loan
Documents. 
 “Mortgaged Property” means all Real Property and Pipelines that are subject to a Mortgage.

 “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA to which the
Borrower or any ERISA Affiliate makes or is obligated to make contributions. 
  

 24 

 “NEJD Consent” means the Consent and Agreement, dated as of May 30,
2008, by and among Denbury, Onshore, the Existing Agent, NEJD SPE 1, NEJD SPE 2 and the Borrower, as assigned by the Existing Agent to the Administrative Agent pursuant to the Master Assignment Agreement. 

“NEJD Conveyances” means, collectively, (a) Conveyance dated as of May 30, 2008 by Onshore to NEJD SPE 2 of
property located in the certain counties in the State of Mississippi and (b) Conveyance dated as of May 30, 2008 by Onshore to NEJD SPE 2 of property located in certain parishes in the State of Louisiana. 

“NEJD Closing Agreement” means the Closing Agreement, dated as of May 30, 2008, by and between NEJD SPE 2 and
Onshore. 
 “NEJD Denbury Guaranty” means the Guaranty, dated as of May 30, 2008, by Denbury in favor of
NEJD SPE 2. 
 “NEJD Financing Lease Agreement” means the Pipeline Financing Lease Agreement, dated as of
May 30, 2008, by and between NEJD SPE 2 and Onshore. 
 “NEJD Intercompany Collateral” means all
collateral under or as defined in any NEJD Intercompany Security Document. 
 “NEJD Intercompany Collateral
Agreement” means the NEJD Intercompany Collateral Agreement, dated as of May 30, 2008, by NEJD SPE 2 in favor of NEJD SPE 1. 

“NEJD Intercompany Consent” means the Consent and Agreement, dated as of May 30, 2008, by and among the Existing
Agent, NEJD SPE 1, NEJD SPE 2 and the Borrower, as assigned by the Existing Agent to the Administrative Agent pursuant to the Master Assignment Agreement. 

“NEJD Intercompany Financing Agreements” means the NEJD Intercompany Note, the NEJD Intercompany Security Documents, and
each other agreement, instrument, certificate or document executed by NEJD SPE 1 or NEJD SPE 2 or any of their respective officers at any time in connection with the NEJD Intercompany Note, as such agreements may be amended, modified supplemented or
restated from time to time. 
 “NEJD Intercompany Note” means the promissory note, dated as of May 30,
2008, in the original principal amount of $175,000,000, executed and delivered by NEJD SPE 2 and payable to the order of NEJD SPE 1. 

“NEJD Intercompany Security Documents” means the NEJD Intercompany Collateral Agreement and any and all other
agreements, documents, instruments or certificates executed by NEJD SPE 2 or any of its officers at any time in connection with securing the obligations under the NEJD Intercompany Financing Agreements, as such agreements may be amended, modified,
supplemented or restated from time to time. 
 “NEJD Memoranda of Lease” means, collectively, (a) the
Memorandum of Lease, Deed of Trust, Security Agreement and UCC Fixture Filing, dated as of May 30, 2008, among 

 

 25 

 
Onshore, as Lessee, Grantor and Debtor, and the trustee named therein; and NEJD SPE 2, as Lessor, Beneficiary and Secured Party and (b) Notice of Lease, Mortgage and Security Agreement dated
as of May 30, 2008, among Onshore, as Lessee and Mortgagor, Grantor and Debtor and NEJD SPE 2, as Lessor, Mortgagee and Secured Party. 

“NEJD Pipeline” means the “Pipeline System” as defined in the NEJD Closing Agreement. 

“NEJD SPE 1” means Genesis NEJD Holdings, LLC, a Delaware limited liability company. 

“NEJD SPE 2” means Genesis NEJD Pipeline, LLC, a Delaware limited liability company. 

“NEJD SRCA” means the Special Representations and Covenants Agreement, dated as of May 30, 2008, by and between the
Borrower and Onshore relating to the NEJD Transaction. 
 “NEJD Transaction” means the financing lease
transaction between NEJD SPE 2 (as lessor) and Onshore (as lessee) in respect of the NEJD Pipeline pursuant to each of the NEJD Transaction Documents. 

“NEJD Transaction Documents” means the NEJD Closing Agreement, the NEJD Financing Lease Agreement, the NEJD Memoranda of
Lease, the NEJD Conveyances, the NEJD Denbury Guaranty, the NEJD SRCA, and each other agreement, instrument, certificate or document executed by the Borrower Parties, NEJD SPE 2, Denbury and/or Onshore or any of their officers at any time in
connection with the NEJD Transaction (other than the NEJD Intercompany Financing Agreements), as such agreements may be amended, modified, supplemented or restated from time to time. 

“New Financed Inventory” has the meaning assigned to such term in Section 4.02(c)(i). 

“New Pipeline” means any Pipeline first owned or acquired by the Borrower or any Restricted Subsidiary after the date of
this Agreement that was not acquired from another Borrower Party. 
 “Non-Consenting Lender” has the meaning
assigned to such term in Section 2.19(c). 
 “Non-Defaulting Lender” means, at any time, each Lender that
is not a Defaulting Lender at such time. 
 “Non-Historical Pro Forma Adjustments” has the meaning assigned to
such term in clause (iii) of the definition of “Pro Forma Basis.” 
 “Non-Recourse
Obligations” means Indebtedness, Guarantees and other obligations of any type as to which (a) neither the Borrower nor any other Borrower Party 

 

 26 

 
(except, as this defined term is used in Section 5.10(c)(iii)(x), the applicable Restricted Subsidiary) (i) is obligated to provide credit support in any form (other than obligations
that may remain with a Borrower Party pursuant to applicable law solely based on such Borrower Party having been a predecessor-in-interest or operator with respect to Property contributed or transferred to an Unrestricted Subsidiary or Joint
Venture) or (ii) is directly or indirectly liable and (b) no default with respect to which (including any rights that the holders thereof may have to take enforcement action against an Unrestricted Subsidiary or Joint Venture) would permit
(upon notice, lapse of time or both) any holder of any Indebtedness or Guarantees of the Borrower or any other Borrower Party (except, as this defined term is used in Section 5.10(c)(iii)(x), the applicable Restricted Subsidiary) to declare a
default on such Indebtedness or Guarantees of the Borrower or any such other Borrower Party or cause the payment of any such Indebtedness to be accelerated or payable prior to its stated maturity or cause any such Guarantees to become payable, in
the case of (a) and (b) above, except for obligations that arise solely as a result of such Person’s status as a general partner of a partnership. 

“Notes Offering” means an issuance of at least $150,000,000 of unsecured notes or Disqualified Equity (provided that
such Disqualified Equity is included in Consolidated Total Funded Debt) by one or both of the Borrower and Finance Co in accordance with Section 6.01(j). 

“November 2006 Credit Agreement” has the meaning assigned to such term in the recitals hereto. 

“OFAC” has the meaning assigned to such term in Section 3.24(b)(v). 

“Off-Balance Sheet Liabilities” means, as to any Person, any repurchase obligation or liability of such Person with
respect to accounts or notes receivable sold by such Person. 
 “OLP” has the meaning assigned to such term in
the recitals hereto. 
 “Onshore” means Denbury Onshore, LLC, a Delaware limited liability company. 

“Organic Growth” means maintenance and other capital expenditures, including maintaining and expanding facilities, in
each case other than pursuant to an Acquisition. 
 “Organizational Documents” means, with respect to any
Person, (a) in the case of any corporation, the certificate of incorporation or bylaws (or similar documents) of such Person, (b) in the case of any limited liability company, the certificate of formation and operating agreement (or
similar documents) of such Person, (c) in the case of any limited partnership, the certificate of formation and limited partnership agreement (or similar documents) of such Person, (d) in the case of any general partnership, the
partnership agreement (or similar document) of such Person and (e) in any other case, the functional equivalent of the foregoing. 

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

 

 27 

 “Participants” has the meaning assigned to such term in
Section 10.04(b). 
 “Partnership Agreement” means the Fourth Amended and Restated Agreement of Limited
Partnership of the Borrower (as amended, restated, or otherwise modified from time to time) dated as of June 9, 2005 by and between the General Partner and the limited partners party thereto. 

“Patriot Act” has the meaning assigned to such term in Section 10.14. 

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity
performing similar functions. 
 “Perfection Certificate” means a Perfection Certificate substantially in the
form of Exhibit E provided to the Administrative Agent that provides certain information with respect to the Borrower, the General Partner and each Restricted Subsidiary; including information relating to its Property (including Real
Property and Pipelines) as such certificate shall be supplemented from time to time. 
 “Permitted Acquisition”
means an Acquisition that meets the following conditions: 
 (a) such Acquisition shall not constitute or include an Acquisition
that results in a Joint Venture or an Acquisition that is consummated through an Unrestricted Subsidiary; 
 (b) no Default or
Event of Default then exists or would result therefrom; 
 (c) all representations and warranties contained in the Loan
Documents shall be true and correct in all material respects immediately after giving effect to the consummation of such Acquisition; 

(d) with respect to any Acquisition that constitutes a Substantial Transaction, the Borrower shall have made and submitted to the
Administrative Agent and the Lenders calculations with respect to the financial covenants contained in Section 6.15 for the respective Calculation Period on a Pro Forma Basis as if the respective Acquisition (as well as the other
Acquisitions theretofore consummated after the first day of such Calculation Period) had occurred on the first day of such Calculation Period, and such calculations shall show that such financial covenants would have been complied with if the
Acquisition had occurred on the first day of such Calculation Period; 
 (e) with respect to any Acquisition that constitutes a
Substantial Transaction, if requested by the Administrative Agent, if (and to the extent) such financial statements then exist, the Borrower shall have provided the Arrangers, the Administrative Agent and the Lenders with historical financial
statements for the last three fiscal years of the Person or business to be acquired as well as for the interim periods since the most recent annual financial statements that are available; 

 

 28 

 (f) no Borrower Party shall, in connection with any such Acquisition, assume or remain
liable with respect to any Indebtedness or Disqualified Equity of the related seller or the business, Person or Properties acquired, except to the extent permitted under Section 6.01; 

(g) the Acquisition shall not cause the Borrower to be in violation of Section 6.03(b) and the applicable Property acquired in
connection with any such Acquisition shall be made subject to the Lien of the Security Documents to the extent required by the Loan Documents and shall be free and clear of any Liens other than Liens permitted by Section 6.02; 

(h) such Acquisition shall not be hostile; 

(i) such Acquisition shall be consummated in all material respects in accordance with all applicable Governmental Requirements;

 (j) with respect to any Acquisition that constitutes a Substantial Transaction, the Borrower shall have provided to the
Administrative Agent and the Lenders a reasonably detailed description of all customary due diligence information relating to any such Acquisition and all such information and data relating to such Acquisition as may be reasonably requested thereby;
and 
 (k) at least seven Business Days prior to the proposed date of consummation of an Acquisition that constitutes a
Substantial Transaction, the Borrower shall have delivered to the Administrative Agent and the Lenders a certificate executed by a Responsible Officer certifying that (i) such Acquisition complies with this definition (including (if (but only
if) the Borrower has elected both that financial projections and calculations prepared on a Pro Forma Basis for the Acquisition take into account Non-Historical Pro Forma Adjustments and that the Acquisition not be consummated unless the approval of
each Arranger be obtained prior to consummation thereof) obtaining all approvals required by clause (iv) of the definition of “Pro Forma Basis”) and (ii) such transaction could not reasonably be expected to have an
adverse effect on the Administrative Agent, any Issuing Bank, the Arrangers or the Lenders; 
 provided, that the acquisition by the
Borrower Parties of all Equity Interests in the DG Marine Joint Ventures shall be deemed to be a Permitted Acquisition for purposes of this Agreement. 

“Permitted Eligible Inventory Encumbrances” means Liens described in clauses (a), (b) and (d) of the
definition of Permitted Encumbrances. 
 “Permitted Encumbrances” means: 

(a) Liens imposed by law for Taxes that are not yet due or are being contested in compliance with Section 5.04; 

(b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens imposed by law,
arising in the ordinary course of business and securing obligations that are not overdue by more than sixty days or are being contested in compliance with Section 5.04; 

 

 29 

 (c) pledges and deposits made in the ordinary course of business in compliance with
workers’ compensation, unemployment insurance and other social security laws or regulations; 
 (d) deposits to secure the
performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 

(e) judgment liens in respect of judgments that do not constitute an Event of Default under clause (k) of Article VII; 

(f) easements, zoning restrictions, rights-of-way, restrictions and similar encumbrances on Real Property and Pipelines imposed by law or
arising in the ordinary course of business that do not secure any monetary obligations and do not (i) materially detract from the value of (A) the Real Property and Pipelines that are part of the Borrower’s Business or (B) the
Real Property and Pipelines, taken as a whole, owned by any Material Subsidiary, or (ii) interfere with the ordinary conduct of business of the Borrower or any Subsidiary; 

(g) Liens arising solely by virtue of any statutory or common law provision relating to bankers’ Liens, rights of set-off or similar
rights and remedies and burdening only deposit accounts or other funds maintained with a creditor depository institution; 
 (h)
Liens described in Sections 6.02(b), 6.02(c), 6.02(d), 6.02(e), 6.02(f), 6.02(g), or 6.02(h); and 
 (i) purchase options, calls
or similar rights of a third party with respect to securities of non-wholly owned Subsidiaries and Joint Ventures. 

provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness for borrowed money
(other than any Liens permitted pursuant to Sections 6.02(b), 6.02(c), 6.02(f), 6.02(g) and 6.02(h)). 
 “Permitted
Investments” means: 
 (a) direct obligations of, or obligations the principal of and interest on which are
unconditionally guaranteed by, the United States of America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in each case maturing within one year from the date of
acquisition thereof; 
 (b) investments in commercial paper maturing within 270 days from the date of acquisition thereof and
having, at such date of acquisition, the highest credit rating obtainable from S&P or from Moody’s; 
 (c) investments
in certificates of deposit, banker’s acceptances and time deposits maturing within 180 days from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office
of any commercial bank organized under the laws of the United States of America or any State thereof which has a combined capital and surplus and undivided profits of not less than $500,000,000; 

 

 30 

 (d) fully collateralized repurchase agreements with a term of not more than 30 days for
securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (c) above; and 

(e) money market funds that (i) comply with the criteria set forth in Securities and Exchange Commission Rule 2a-7 under the
Investment Company Act of 1940 (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000. 

“Permitted Investor Group” means the Quintana Group, the Robertson Group, the Davison Group and the Management Group.

 “Permitted Joint Venture” means any Joint Venture that, at the time of the relevant acquisition of or
Investment in such Joint Venture, (a) is not a Borrower Party, does not Control, or own directly or indirectly any Equity Interests in, any Borrower Party, (b) in which no Borrower Party shall be under any obligations to make Investments
or incur Guarantees that would be in violation of this Agreement, (c) relating to which, if reasonably requested by the Administrative Agent, the Borrower shall have provided to the Administrative Agent and the Lenders a reasonably detailed
description of all customary due diligence information relating to the Joint Venture and all such reasonably requested information and data relating to such Joint Venture; provided, however, for the avoidance of doubt, this subpart
(c) shall not obligate the Borrower to give any notice to the Administrative Agent, whether relating to its due diligence of or planned investment in any Permitted Joint Venture, and (d) after giving effect to which, (i) no Default
exists or would result therefrom and (ii) the Borrower shall be in compliance on a Pro Forma Basis with the financial covenants set forth in Section 6.15; provided, however, that the DG Marine Joint Ventures
shall be deemed to be Permitted Joint Ventures unless and until such time as the Borrower Parties own more than 50% of the Equity Interests therein, at which time each such DG Marine Joint Venture shall become a “Restricted Subsidiary” for
all purposes under this Agreement. 
 “Person” means any natural person, corporation, limited liability
company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Petroleum
Products” means crude oil, condensate, natural gas, natural gas liquids (NGL’s), liquefied petroleum gases (LPG’s), refined petroleum products or any blend thereof. 

“Pipeline” means gathering systems and pipelines, together with all contracts, Rights-of-Way, easements, servitudes,
fixtures, equipment, improvements, permits, records and other real Property appertaining thereto. 
 “Plan”
means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate
contributes or has an obligation to contribute and is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

“Planned Reorganization” means any transaction or series of transactions pursuant to which the General Partner
contributes, sells, or otherwise transfers either or both of 
  

 31 

 
(a) its general partner interests in the OLP to a Wholly Owned Subsidiary or (b) its general partner interests in any subsidiary of the OLP to any Wholly Owned Subsidiary. 

“Prime Rate” means, for any day, a rate per annum that is equal to the corporate base rate of interest established by
the Administrative Agent from time to time and, if requested, provided to the Borrower prior to the delivery of the relevant Borrowing Notice. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate actually
available. 
 “Principal Office” has the meaning assigned to such term in Section 2.18(a). 

“Pro Forma Basis” means, in connection with any calculation of compliance with any financial covenant or financial term,
the calculation thereof after giving effect on a pro forma basis to (a) the incurrence of any Indebtedness (other than revolving Indebtedness, except to the extent same is incurred to refinance other outstanding Indebtedness or to
finance a Permitted Acquisition, an acquisition that results in a Joint Venture, an acquisition that is consummated through an Unrestricted Subsidiary or a Divestiture that constitutes a Substantial Transaction) or Disqualified Equity after the
first day of the relevant Calculation Period or Test Period, as the case may be, as if such Indebtedness or Disqualified Equity had been incurred or issued (and the proceeds thereof applied) on the first day of such Test Period or Calculation
Period, as the case may be, (b) the permanent repayment of any Indebtedness (other than revolving Indebtedness, except to the extent accompanied by a corresponding permanent commitment reduction) or Disqualified Equity after the first day of
the relevant Test Period or Calculation Period, as the case may be, as if such Indebtedness or Disqualified Equity had been retired or repaid on the first day of such Test Period or Calculation Period, as the case may be, and (c) any
Substantial Transaction then being consummated as well as any other Substantial Transaction if consummated after the first day of the relevant Test Period or Calculation Period, as the case may be, and on or prior to the date of the respective
Substantial Transaction then being effected, with the following rules to apply in connection therewith: 
 (i) with respect to
such Substantial Transaction, all Indebtedness or Disqualified Equity (A) (other than revolving Indebtedness, except to the extent same is incurred to refinance other outstanding Indebtedness or to finance Acquisitions, acquisitions that result
in a Joint Venture, or acquisitions that are consummated through an Unrestricted Subsidiary) incurred or issued after the first day of the relevant Test Period or Calculation Period (whether incurred to finance an Acquisition, an acquisition that
results in a Joint Venture, or an acquisition that is consummated through an Unrestricted Subsidiary, to refinance Indebtedness or otherwise) shall be deemed to have been incurred or issued (and the proceeds thereof applied) on the first day of such
Test Period or Calculation Period, as the case may be, and remain outstanding through the date of determination and (B) (other than revolving Indebtedness, except to the extent accompanied by a corresponding permanent commitment reduction)
permanently retired or redeemed after the first day of the relevant Test Period or Calculation Period shall be deemed to have been retired or redeemed on the first day of such Test Period or Calculation Period, as the case may be, and remain retired
through the date of determination; 
 (ii) with respect to such Substantial Transaction, all Indebtedness or Disqualified Equity
assumed to be outstanding pursuant to preceding clause (i) shall be deemed to have borne interest at (A) the rate applicable thereto, in the case of fixed rate Indebtedness or 

 

 32 

 
Disqualified Equity, or (B) the rates which would have been applicable thereto during the respective period when same was deemed outstanding, in the case of floating rate Indebtedness or
Disqualified Equity (although interest expense with respect to any Indebtedness or Disqualified Equity for periods while same was actually outstanding during the respective period shall be calculated using the actual rates applicable thereto while
same was actually outstanding); provided that all Indebtedness or Disqualified Equity (whether actually outstanding or deemed outstanding) bearing interest at a floating rate of interest shall be tested on the basis of the rates applicable at
the time the determination is made pursuant to said provisions; 
 (iii) with respect to such Substantial Transaction, in making
any determination of Adjusted Consolidated EBITDA, pro forma effect shall be given to any such Substantial Transaction if effected during the respective Calculation Period or Test Period as if same had occurred on the first day of the
respective Calculation Period or Test Period, as the case may be, and, at the Borrower’s election by written notice to the Administrative Agent as contemplated by clause (iv)(a)(x) below, but only to the extent approved by each Arranger
pursuant to such clause, with respect to adjustments beyond the mere combination of the relevant historical financial information, including for factually supportable and identifiable cost savings and reduction of expenses which would otherwise be
accounted for as an adjustment pursuant to Article 11 of Regulation S-X under the Securities Act, (collectively such adjustments, “Non-Historical Pro Forma Adjustments”), as if such cost savings or reduction of expenses or other
adjustments were realized commencing on the first day of the respective period; and 
 (iv) with respect to any Acquisition that
constitutes a Substantial Transaction, (a) the Borrower shall have submitted to the Administrative Agent (x) written notice whether, at Borrower’s election, financial projections and calculations prepared on a Pro Forma Basis
for such Substantial Transaction are to take into account Non-Historical Pro Forma Adjustments as contemplated by clause (iii) above and, if so, whether the Borrower will obtain approval by each Arranger of such Non-Historical Pro Forma
Adjustments prior to consummation of the Acquisition and (y) reasonably detailed financial projections of the Borrower and the Subsidiaries and a calculation of Adjusted Consolidated EBITDA in each case taking into account such Substantial
Transaction on a Pro Forma Basis (both without giving effect to any Non-Historical Pro Forma Adjustments and, unless Borrower has elected that financial projections and calculations prepared on a Pro Forma Basis for such
Substantial Transaction not take into account any Non-Historical Pro Forma Adjustments, after giving effect to such Non-Historical Pro Forma Adjustments) for the most recent Calculation Period, (b) the Administrative Agent shall have submitted
such financial projections and such Adjusted Consolidated EBITDA calculation to the Arrangers and, if (but only if) the Borrower has elected that financial projections and calculations prepared on a Pro Forma Basis for such Substantial
Transaction take into account Non-Historical Pro Forma Adjustments as specified in such written notice referred to in clause (a)(x), received approval of each Arranger (provided that (A) solely for purposes of this approval, any Arranger
that does not affirmatively state in writing that it will not approve such projections and calculation within five Business Days after submission to it by the Administrative Agent for approval will be deemed to have approved such projections and
calculations, and (B) to the extent the approval otherwise required by clause (b) above is not obtained, such Acquisition may be consummated if otherwise permitted by the Loan Documents; provided that such Acquisition shall be
accounted for hereunder on a Pro Forma Basis (without giving effect to any Non-Historical Pro Forma Adjustments) until such approval is obtained (and, 

 

 33 

 
if commercially reasonable and requested by the Administrative Agent, the parties hereto will continue to cooperate to determine if such approvals can be obtained based on good faith adjustments
to such Non-Historical Pro Forma Adjustments taken into account in preparing such projections or calculations)), and (c) the Borrower shall have made and submitted to the Administrative Agent and the Lenders calculations with respect to the
financial covenants contained in Section 6.15 for the respective Calculation Period on a Pro Forma Basis (without giving effect to any Non-Historical Pro Forma Adjustments unless approval thereof by each Arranger either has been obtained
or is to be obtained prior to (and as a condition to) consummation of such Acquisition) as if the respective Acquisition (as well as the other Acquisitions theretofore consummated after the first day of such Calculation Period) had occurred on the
first day of such Calculation Period, and such calculations shall show that such financial covenants would have been complied with if the Acquisition had occurred on the first day of such Calculation Period. 

“Process Agent” has the meaning assigned to such term in Section 10.09(d). 

“Property” means any right, title or interest in or to property or assets of any kind whatsoever, whether real, personal
or mixed and whether tangible or intangible and including Equity Interests or other ownership interests of any Person and whether now in existence or owned or hereafter entered into or acquired. 

“Purchase Money Obligation” means, for any Person, the obligations of such Person in respect of Indebtedness (including
Capital Lease Obligations) incurred for the purpose of financing all or any part of the purchase price of any Property (including Equity Interests of any Person) or the cost of installation, construction or improvement of any Property and any
refinancing thereof; provided that (a) such Indebtedness is incurred prior to, or contemporaneously with or within one year after such acquisition of such Property by such Person and (b) the amount of such Indebtedness does not
exceed 100% of the cost of such acquisition, installation, construction or improvement, as the case may be, including related costs, fees and expenses. 

“Q GEI Holdings, LLC” is a Delaware limited liability company controlled, directly or indirectly, by Quintana Capital
Group II, L.P., its affiliated investment funds or their respective Controlled Affiliates. 
 “Quintana Group”
means Quintana Capital Group GP Ltd., QEP Management Co. GP, LLC, Quintana Capital Group II, L.P., its affiliated investment funds, Q GEI Holdings, LLC, or any of their respective Controlled Affiliates. 

“Ratable Portion” or (other than in the expression “equally and ratably”) “ratably” means, with
respect to any Lender at any time of determination, the percentage obtained by dividing (a) the Committed Amount of such Lender at such time by (b) the aggregate Committed Amounts of all Lenders at such time (or, if such date of
determination is after the Maturity Date, the percentage obtained by dividing the aggregate outstanding principal balance of the aggregate Revolving Credit Exposure owing to such Lender at such time by the aggregate principal balance of the
aggregate Revolving Credit Exposures owing to all Lenders at such time). 
  

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 “Real Property” means, collectively, all right, title and interest
(including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real Property owned, leased or operated by any person, whether by leased, license or other means, together with, in each case, all easements,
hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other Property and rights incidental to the ownership, lease or operation thereof. Real
Property does not include Pipelines. 
 “Real Property Requirements” means the following: 

(a) with respect to each Mortgaged Property that is not a Pipeline: 

(i) a Mortgage encumbering each Mortgaged Property in favor of the Administrative Agent, for the benefit of the Secured Parties, duly
executed and acknowledged by each Borrower Party that is the owner of or holder of any interest in such Mortgaged Property, and otherwise in form for recording in the recording office of each applicable political subdivision where each such
Mortgaged Property is situated, together with such certificates, affidavits, questionnaires or returns as shall be required in connection with the recording or filing thereof to create a Lien under applicable Governmental Requirements, and such
financing statements and any other instruments necessary to grant a mortgage lien under the laws of any applicable jurisdiction, all of which shall be in form and substance reasonably satisfactory to Administrative Agent; 

(ii) with respect to each Mortgaged Property, such consents, approvals, amendments, supplements, estoppels, tenant subordination
agreements or other instruments as shall reasonably be deemed necessary by the Administrative Agent in order for the owner or holder of the fee or leasehold interest constituting such Mortgaged Property to grant the Lien contemplated by the
Mortgage with respect to such Mortgaged Property; 
 (iii) with respect to each Mortgage, opinions of local counsel to the
Borrower Parties, which opinions (A) shall be addressed to the Administrative Agent and each of the Lenders and be dated the Effective Date or the effective date of such Mortgage, (B) shall cover the enforceability of the respective
Mortgage and such other matters incident to the transactions contemplated herein as the Administrative Agent may reasonably request and (C) shall be in form and substance reasonably satisfactory to the Administrative Agent; and 

(iv) a Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property on which a building
or a mobile home is located. 
 (b) with respect to each Mortgaged Property that is not a Pipeline, evidence reasonably
acceptable to the Administrative Agent of payment by a Borrower Party of all search and examination charges, escrow charges and related charges, mortgage recording taxes, fees, charges, costs and expenses required for the recording of the
Mortgages referred to above; and 
  

 35 

 (c) with respect to each Mortgaged Property that is not a Pipeline, the Borrower
and each Restricted Subsidiary shall have made all notifications, registrations and filings, to the extent required by, and in accordance with, all Governmental Real Property Disclosure Requirements applicable to such Mortgaged Property.

 (d) to the extent requested by the Administrative Agent for each Mortgaged Property that is not a Pipeline, (i) ALTA
mortgagee title insurance policies or unconditional commitments therefor with extended coverage guaranteeing over the standard exceptions to title customarily contained in such policies, survey exceptions, parties in possession exception, and
mechanic’s and materialman’s lien exceptions, issued by one or more title companies reasonably satisfactory to the Administrative Agent with respect to each such Mortgaged Property that is material to the Borrower’s Business and
constitutes interests owned in “fee” (each, a “Title Policy”), in amounts not less than the fair market value of each such Mortgaged Property, together with a title report issued by a title company with respect thereto,
dated not more than thirty (30) days prior to the applicable Mortgage date and copies of all recorded documents listed as exceptions to title or otherwise referred to therein, each in form and substance reasonably satisfactory to the
Administrative Agent and (ii) evidence satisfactory to the Administrative Agent that such Borrower Party has paid to the title company or to the appropriate Governmental Authorities all expenses and premiums of the title company and all other
sums required in connection with the issuance of each Title Policy; and 
 (e) to the extent requested by the Administrative
Agent for each Mortgaged Property that is not a Pipeline, ALTA surveys of all such Mortgaged Properties that are material to the Borrower’s Business and on which improvements are located, in form and substance satisfactory to Administrative
Agent, certified to the Administrative Agent and dated not more than thirty (30) days prior to the applicable Mortgage date. 

“Register” has the meaning set forth in Section 10.04(d). 

“Regulation T” means Regulation T of the Board as from time to time in effect and all official rulings and
interpretations thereunder and thereof. 
 “Regulation U” means Regulation U of the Board as from time to time
in effect and all official rulings and interpretations thereunder and thereof. 
 “Regulation X” means
Regulation X of the Board as from time to time in effect and all official rulings and interpretations thereunder and thereof. 

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective
directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 
 “Related
Person” means, with respect to a particular Person: (a) each other member of an individual’s Family; (b) any Person that is directly or indirectly Controlled by 

 

 36 

 
such individual and/or any one or more members of such individual’s Family; (c) any Person with respect to which such Person and/or one or more members of such Person’s Family
and/or all Related Persons thereto, collectively, constitute at least a majority of the executors or trustees thereof (or in a similar capacity); and (d) any person that is an estate planning vehicle (such as a trust) of which such Person
and/or one or more members of such Person’s Family and/or any Related Persons thereto, collectively, are substantial beneficiaries. 

“Relevant Parties” means the Borrower, the Restricted Subsidiaries and NEJD SPE 2. 

“Remedial Work” has the meaning assigned to such term in Section 5.09(a). 

“Required Lenders” means, at any time, Lenders having combined Revolving Credit Exposures and unused Committed Amounts
representing greater than 50% of the sum of the total combined Revolving Credit Exposures and unused Committed Amounts at such time; provided, that the portion of the Revolving Credit Exposures or Committed Amounts held by any Defaulting
Lender shall be excluded from both the approvals received and the total Committed Amounts or Revolving Credit Exposures then in effect for purposes of making a determination of Required Lenders for any purpose hereunder or under any other Loan
Document. 
 “Responsible Officer” means, with respect to any Person, the Chief Executive Officer, the
President, any Executive Officer, any Financial Officer or any Vice President of such Person. Unless otherwise indicated herein, each reference to a Responsible Officer herein shall mean a Responsible Officer of the Borrower. 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other Property) with
respect to any Equity Interest of the Borrower or any Subsidiary, or any payment (whether in cash, securities or other Property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any such Equity Interest of the Borrower or any Subsidiary or any option, warrant or other right to acquire any such Equity Interest of the Borrower or any Subsidiary. 

“Restricted Subsidiary” means any Subsidiary other than an Unrestricted Subsidiary. Subject to the right to redesignate
certain Restricted Subsidiaries as Unrestricted Subsidiaries in accordance with the definition of “Unrestricted Subsidiary,” all of the Subsidiaries as of the date hereof, other than each Subsidiary that is designated as an
“Unrestricted Subsidiary” on Schedule 3.19(a), are Restricted Subsidiaries. Any Subsidiary designated as an Unrestricted Subsidiary may be redesignated as a Restricted Subsidiary pursuant to a written notice from the Borrower to the
Administrative Agent; provided that, after giving effect to such redesignation, (a) no Default or Event of Default shall have occurred and be continuing and (b) the Borrower shall be in compliance on a Pro Forma Basis
with Section 6.15; provided further that, an Unrestricted Subsidiary that has previously been redesignated as a Restricted Subsidiary may not be subsequently redesignated as an Unrestricted Subsidiary. 

 

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 “Revolving Credit Exposure” means, with respect to any Lender at any time,
the sum of the outstanding principal amount of such Lender’s Loans and its LC Exposure at such time. 

“Rights-of-Way” means any and all rights-of-way, easements, permits, licenses, franchises or other rights of ingress and
egress. 
 “Risk Management Requirements” has the meaning assigned to such term in Section 5.16.

 “Robertson Family” means (i) Corbin J. Robertson, Jr., Corbin J. Robertson, III, William K. Robertson
and Christine R. Morenz, (ii) any spouse or descendant of any individual named in (i), (iii) any other natural person who is a member of the Family of any such individual referenced in (i)-(ii) above, and (iv) any other natural
person who has been adopted by any such individual referenced in (i)-(iii) above. 
 “Robertson Group”
means (i) any member of the Robertson Family, (ii) any Related Person of any such member, and (iii) Lillie C. Cullen Estate Trust for Corbin J. Robertson, Jr., Hugh R. Cullen Estate Trust for Corbin J. Robertson, Jr., 1953 Trust for
Corbin J. Robertson, Jr., Corby & Brooke Robertson 2006 Family Trust, Morenz 2006 Family Trust, The William K. Robertson 2007 Family Trust, The Corbin J. Robertson III 2009 Family Trust, The Frances Christine Robertson Morenz 2009 Family
Trust, and The William K. Robertson 2009 Family Trust. For the avoidance of doubt, the Persons named in part (iii) above may be Related Person’s of members of the Robertson Family. 

“S&P” means Standard & Poor’s Ratings Group, a division of The McGraw-Hill Companies, Inc. or any
successor ratings organization. 
 “Sale Value” means, as to Financed Eligible Inventory that is subject to
sales contracts, an amount equal to the volumes of such Financed Eligible Inventory multiplied by the sale price. 

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

“Secured Hedging Agreement” means each Hedging Agreement between any Borrower Party and any Person that was a Lender or
an Affiliate of a Lender at the time it entered into such Hedging Agreement. 
 “Secured Obligations” means,
collectively, all Indebtedness, liabilities and obligations of the Borrower and each Guarantor to the Administrative Agent, each Issuing Bank, the Lenders and each Lender or Affiliate of a Lender party to a Secured Hedging Agreement, of whatsoever
nature and howsoever evidenced, due or to become due, now existing or hereafter arising, whether direct or indirect, absolute or contingent, which may arise under, out of, or in connection with this Agreement, the other Loan Documents (other than
the NEJD Intercompany Financing Agreements), each Secured Hedging Agreement (to the extent that the Secured Obligations arise under, out of, or in connection with such Secured Hedging Agreement during such time as the Lender party to such Secured
Hedging Agreement is a party to this Agreement, 
  

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or in the case of an Affiliate of a Lender party to such Secured Hedging Agreement, the Lender affiliated with such Affiliate, is a party to this Agreement) and all other agreements, guarantees,
notes and other documents entered into by any party in connection therewith, and any amendment, restatement or modification of any of the foregoing, including, but not limited to, the full and punctual payment when due of any unpaid principal of the
Loans and LC Exposure, any amounts payable in respect of an early termination under any Secured Hedging Agreement, interest (including, without limitation, interest accruing at any post-default rate and interest accruing after the filing of any
petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), fees, reimbursement obligations, guaranty obligations,
penalties, indemnities, legal and other fees, charges and expenses, and amounts advanced by any Secured Party, including all out of pocket expenses incurred in order to preserve any collateral or security interest, whether after acceleration or
otherwise. 
 “Secured Parties” means, collectively, the Administrative Agent, the Issuing Banks, the Lenders
and any Lender or Affiliate of any Lender that is a party to a Secured Hedging Agreement. 
 “Securities Act”
means the Securities Act of 1933, as amended from time to time, and any successor statute. 
 “Security
Documents” means, collectively, the Guarantee and Collateral Agreement, the Perfection Certificate, the General Partner Pledge Agreement (until such time as a Planned Reorganization occurs that involves a transfer of all Equity Interests in
Restricted Subsidiaries owned by the General Partner), the Control Agreements, the Mortgages, the NEJD Intercompany Security Documents, the NEJD Consent, the NEJD Intercompany Consent, and any and all other agreements, documents, instruments or
certificates executed by the General Partner or any Borrower Party or any of their respective officers at any time in connection with securing the obligations under the Loan Documents, as such agreements may be amended, modified, supplemented or
restated from time to time. 
 “Statutory Reserve Rate” means a fraction (expressed as a decimal), the
numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal
established by the Board to which the Administrative Agent is subject with respect to the Adjusted LIBOR Rate for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve
percentages shall include those imposed pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or
offsets that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

 “subsidiary” means, with respect to any Person (the “parent”), at any date, any corporation,
limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 

 

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50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of
such date, otherwise Controlled by the parent and/or one or more subsidiaries of the parent. 
 “Subsidiary”
means any subsidiary of the Borrower. 
 “Substantial Transaction” means any Permitted Acquisition, any
acquisition that results in a Joint Venture, any acquisition that is consummated through an Unrestricted Subsidiary, or any Divestiture in respect of which the aggregate Acquisition Consideration (or, in the case of a Divestiture, the consideration
paid by the purchaser if calculated in the same manner as the definition of Acquisition Consideration) is in excess of $25,000,000; provided that the acquisition by the Borrower Parties of all of the Equity Interests not already owned by the
Borrower Parties in the DG Marine Joint Ventures shall be deemed to be a Substantial Transaction for purposes of this Agreement. 

“Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed
by any Governmental Authority. 
 “TD Marine” means TD Marine, LLC, a Delaware limited liability company.

 “Test Period” means each period of four consecutive fiscal quarters of the Borrower then last ended, in each
case taken as one accounting period. 
 “Transactions” means the execution, delivery and performance by the
Borrower of this Agreement (including for the avoidance of doubt any amendments, modifications, supplements or restatements thereof), the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder, and the
execution, delivery and performance of the other Loan Documents by the Borrower Parties. 
 “Transferee” has
the meaning assigned to such term in Section 10.04(f). 
 “Type”, when used in reference to any Loan or
Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBOR Rate or the Alternate Base Rate. 

“Unrestricted Subsidiary” means any Subsidiary (a) that is listed as an Unrestricted Subsidiary on Schedule
3.19(a) (until such time as such Subsidiary may be redesignated as a Restricted Subsidiary in accordance with the definition of “Restricted Subsidiary”) or that becomes a Subsidiary after the date hereof and, at the time it becomes a
Subsidiary, is designated as an Unrestricted Subsidiary pursuant to a written notice from the Borrower to the Administrative Agent, (b) which has not acquired any assets (other than as not prohibited by this Agreement) from the Borrower or any
Restricted Subsidiary, and (c) that has no Indebtedness, Guarantee obligations or other obligations other than Non-Recourse Obligations, except as expressly permitted pursuant to Sections 5.13(c) and 6.04(g) and, in the case of NEJD SPE 2,
except for recourse pursuant to the NEJD SRCA, the NEJD Intercompany Financing Agreements and the NEJD Consent (subject to limitations on amendment of such documents set forth in the Loan Documents, the NEJD Intercompany Financing Agreements and the
NEJD Consent). Any Restricted Subsidiary may be redesignated as an Unrestricted 
  

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Subsidiary pursuant to a written notice from the Borrower to the Administrative Agent; provided that, after giving effect to such redesignation, (i) no Default or Event of Default
shall have occurred and be continuing and (ii) the Borrower shall be in compliance on a Pro Forma Basis with Section 6.15; provided further that, an Unrestricted Subsidiary that has previously been redesignated
as a Restricted Subsidiary may not be subsequently redesignated as an Unrestricted Subsidiary. 
 “Unused Fee(s) on
Committed Amount” has the meaning assigned to such term in the definition of Applicable Margin. 

“Wholly Owned Subsidiary” means any Restricted Subsidiary, all of the Equity Interests in which
(other than the director’s qualifying shares, as may be required by law) are owned by the Borrower, either directly or indirectly through one or more Wholly Owned Subsidiaries; provided that, so long as, if any of the following Persons
does not otherwise constitute a Wholly Owned Subsidiary pursuant to the preceding definition, it shall nonetheless be a Wholly Owned Subsidiary so long as all of its Equity Interests constitute Collateral under one or more Security Documents: the
OLP, Genesis Syngas Investments, L.P., Genesis Natural Gas Pipeline, L.P., Genesis Pipeline Texas L.P., Genesis Pipeline USA, L.P., and Genesis
CO2 Pipeline, L.P. 

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 SECTION 1.02 Classification of
Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Type (e.g., a “Eurodollar Loan”). Borrowings also may be classified and referred to by Type (e.g., a “Eurodollar
Borrowing”). 
 SECTION 1.03 Terms Generally. The definitions of terms herein shall apply equally to the singular
and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed
to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or
reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof” and
“hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall, unless
otherwise stated, be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (e) the word “asset” shall be construed to have the same meaning as the defined term “Property” set forth
herein. 
 SECTION 1.04 Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting
or financial nature shall be construed in accordance 
  

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with GAAP, as in effect from time to time; provided that if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the
effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision
hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before
such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. 

ARTICLE II 

THE CREDITS 

SECTION 2.01 Commitments. 

(a) General. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans (including
Loans under the Inventory Financing Sublimit Tranche made in accordance with Section 2.01(b)) to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s
Revolving Credit Exposure exceeding such Lender’s Committed Amount, or (b) the aggregate Revolving Credit Exposures for all Lenders exceeding the aggregate Committed Amounts; provided, however, that at no time shall any Lender be
obligated to make Loans in an aggregate principal amount in excess of such Lender’s Ratable Portion of the aggregate Committed Amounts at such time. Within the foregoing limits and subject to the terms and conditions set forth herein, the
Borrower may borrow, prepay and reborrow Loans. 
 (b) Inventory Financing Sublimit Tranche. Subject to
the terms and conditions set forth herein, each Lender agrees that, upon the request of the Borrower, certain Loans made pursuant to Section 2.01(a), as are specified by the Borrower in the applicable Borrowing Request (Financed Inventory),
will be designated as part of a sublimit (the “Inventory Financing Sublimit Tranche”) to finance (i) the purchase and sale by the Borrower or any Restricted Subsidiary of Eligible Inventory, (ii) the Eligible Inventory
subject to a Hedging Agreement entered into by the Borrower or any Restricted Subsidiary, and (iii) storage and transportation costs relating thereto; provided that on the date any such Loan is so designated, the aggregate outstanding
Loans under the Inventory Financing Sublimit Tranche shall not exceed the Inventory Financing Sublimit Availability. With respect to any Inventory Financing Sublimit Borrowing, such Inventory Financing Sublimit Borrowing shall be deemed to have been
used to finance the Eligible Inventory specified in the applicable Borrowing Request (Financed Inventory) in accordance with clauses (i), (ii) and (iii) of the preceding sentence, regardless of the manner in which the proceeds of such
Inventory Financing Sublimit Borrowing are actually applied. 
 SECTION 2.02 Loans and Borrowings. 

(a) Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in accordance with
their respective Committed Amounts. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its 

 

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obligations hereunder; provided that the Committed Amounts of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required.

 (b) Subject to Section 2.14, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans
as the Borrower may request in accordance herewith. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option
shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 

(c) At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate
amount that is an integral multiple of $300,000 and not less than $2,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $500,000;
provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the aggregate Committed Amount or that is required to finance the reimbursement of an LC Disbursement as contemplated by
Section 2.06(e). Borrowings of more than one Type may be outstanding at the same time; provided that there shall not at any time be more than a total of six Eurodollar Borrowings outstanding. 

(d) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to
convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date. 

SECTION 2.03 Requests for Borrowings. To request a Borrowing, the Borrower shall notify the Administrative Agent of such request
by telephone (a) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 11:00 a.m., New
York City time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request signed by the
Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02: 

(i) the aggregate amount of the requested Borrowing; 

(ii) the date of such Borrowing, which shall be a Business Day; 

(iii) whether such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; 

(iv) in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period”; 
 (v) whether such Borrowing is an
Inventory Financing Sublimit Borrowing; 
  

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 (vi) in the case of an Inventory Financing Sublimit Borrowing, the
certifications required by Section 4.02(c)(iii); 
 (vii) the location and number of the Borrower’s
account to which funds are to be disbursed, which shall comply with the requirements of Section 2.07. 
 If no election as to the Type of
Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one
month’s duration. Each Borrowing Request shall constitute a representation that the amount of the Borrowing requested thereunder will not cause the sum of the total Revolving Credit Exposures to exceed the aggregate Committed Amounts. Promptly
following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

 SECTION 2.04 Reserved. 

SECTION 2.05 Committed Amount. 

(a) Initial Committed Amount; General Provisions. On the Effective Date, the aggregate Committed Amounts shall be
$525,000,000. The aggregate Committed Amounts shall at all times be in a minimum amount and an integral multiple of $5,000,000. Any decrease (other than termination thereof pursuant to Section 2.09) of the aggregate Committed Amounts may only
be made in accordance with Section 2.05(b), and any such reduction of the Committed Amounts shall be permanent. Any increase of the aggregate Committed Amounts may only be made in accordance with Section 2.05(c). 

(b) Decreases of Committed Amounts. The Borrower may decrease the aggregate Committed Amounts by delivering to the
Administrative Agent a Committed Amount Decrease Certificate electing a decrease of the aggregate Committed Amounts. Any such decrease in the aggregate Committed Amounts shall be effective from the third Business Day after receipt of the applicable
Committed Amount Decrease Certificate by the Administrative Agent as provided above, unless such Committed Amount Decrease Certificate requests such decrease to become effective on a later date, not to exceed ten Business Days after receipt thereof
by the Administrative Agent. Any such decrease in the aggregate Committed Amounts shall be applied to each Lender’s Committed Amount pro rata. The Administrative Agent shall deliver to each Lender a copy of such Committed Amount Decrease
Certificate together with a schedule showing each Lender’s Ratable Portion of the decrease to the aggregate Committed Amounts. 

(c) Increase of Committed Amounts. Subject to the conditions set forth in this Section 2.05(c), the Borrower
may from time to time increase the aggregate Committed Amounts then in effect by increasing the Committed Amount of a Lender or by causing a Person that at such time is not a Lender to become a Lender (an “Additional Lender”);
provided that such Additional Lender will be subject to the approval of the Administrative Agent, such approval not to be unreasonably withheld, delayed or conditioned. 

 

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 (i) Any increase in the aggregate Committed Amounts shall not be less than
$5,000,000 unless the Administrative Agent otherwise consents, and no such increase shall be permitted if, after giving effect thereto, the aggregate increases in the Committed Amounts pursuant to this Section 2.05(c) would exceed $125,000,000;

 (ii) Any increase in the aggregate Committed Amounts shall be subject to the following additional conditions:

 (A) no Event of Default shall have occurred and be continuing at the effective date of such increase;

 (B) on the effective date of such increase, no Eurodollar Loans shall be outstanding or if any such
Eurodollar Loans are outstanding, then the effective date of such increase shall be the last day of the Interest Period in respect of such Eurodollar Loans unless the Borrower pays compensation required by Section 2.16; 

(C) no Lender’s Committed Amount may be increased without the consent of such Lender; 

(D) if the Borrower elects to increase the aggregate Committed Amounts by increasing the Committed Amount of an existing
Lender, the Borrower and such Lender shall execute and deliver to the Administrative Agent a certificate substantially in the form of Exhibit H (a “Committed Amount Increase Certificate”), together with a processing and
recordation fee of $3,500, and the Borrower shall, upon the return of such Lender’s existing Note, deliver a new Note payable to such Lender in a principal amount equal to its Committed Amount, after giving effect to such increase, and
otherwise duly completed; and 
 (E) if the Borrower elects to increase the aggregate Committed Amounts by
causing an Additional Lender to become a party to this Agreement, then the Borrower and such Additional Lender shall execute and deliver to the Administrative Agent a certificate substantially in the form of Exhibit I (an “Additional
Lender Certificate”), together with an Administrative Questionnaire and a processing and recordation fee of $3,500, and if requested by such Additional Lender, the Borrower shall deliver a Note payable to such Additional Lender in a
principal amount equal to its Committed Amount, and otherwise duly completed. 
 (iii) Subject to acceptance and
recording thereof pursuant to Section 2.05(c)(iv), from and after the effective date specified in the Committed Amount Increase Certificate or the Additional Lender Certificate (or if any Eurodollar Loans are outstanding, then the last day of
the Interest Period in respect of such Eurodollar Loans, unless the Borrower has paid compensation required by Section 2.16): (A) the amount of the aggregate Committed Amounts shall be increased as set forth therein, and (B) in the
case of an Additional Lender Certificate, any Additional Lender party thereto shall be a party to this Agreement and the other Loan Documents and have the rights and 

 

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obligations of a Lender under this Agreement and the other Loan Documents. In addition, the Lender or the Additional Lender, as applicable, shall purchase a pro rata portion of the outstanding
Loans (and participation interests in Letters of Credit) of each of the other Lenders (and such Lenders hereby agree to sell and to take all such further action to effectuate such sale) such that each such Lender (including any Additional Lender, if
applicable) shall hold its Ratable Portion of the outstanding Loans (and participation interests) after giving effect to the increase in the aggregate Committed Amounts. 

(iv) Upon its receipt of (A) a duly completed Committed Amount Increase Certificate or an Additional Lender
Certificate, executed by the Borrower and the Lender or the Borrower and the Additional Lender party thereto, as applicable, (B) the processing and recording fee referred to in Section 2.05(c)(ii)(D), (C) the Administrative
Questionnaire referred to in Section 2.05(c)(ii)(E), if applicable, and (D) the written consent of the Administrative Agent to such increase required by this Section 2.05(c), the Administrative Agent shall accept such Committed Amount
Increase Certificate or Additional Lender Certificate and record the information contained therein in the Register required to be maintained by the Administrative Agent pursuant to Section 10.04(d). No increase in the aggregate Committed
Amounts shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this Section 2.05(c)(iv). 

SECTION 2.06 Letters of Credit. 

(a) General. Subject to the terms and conditions set forth herein, the Borrower may request the issuance of Letters
of Credit for its own account from any Issuing Bank pursuant to a Letter of Credit Request, at any time and from time to time during the Availability Period (subject to Section 2.06(c)). In the event of any inconsistency between the terms and
conditions of this Agreement or the Letter of Credit Request, on the one hand, and the terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered into by the Borrower with, an Issuing
Bank relating to any Letter of Credit, on the other hand, the terms and conditions of this Agreement and the Letter of Credit Request shall control. 

(b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of
Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to any
Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed
or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such
Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by an Issuing Bank, the Borrower also shall submit a letter of
credit application on such Issuing Bank’s standard form in connection with any request for a Letter of 
  

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Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to
represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $100,000,000 and (ii) the sum of the total Revolving Credit Exposures shall not exceed the aggregate
Committed Amounts. 
 (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of
business on the date requested (which shall be a Business Day), which shall not be later than the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one
year after such renewal or extension) and (ii) the date that is five Business Days prior to the Maturity Date. 

(d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the
amount thereof) and without any further action on the part of the Issuing Bank that issues such Letter of Credit or the Lenders, each Issuing Bank that issues a Letter of Credit hereunder hereby grants to each Lender, and each Lender hereby acquires
from such Issuing Bank, a participation in such Letter of Credit equal to such Lender’s Ratable Portion of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Lender
hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of each Issuing Bank that issues a Letter of Credit hereunder, such Lender’s Ratable Portion of each LC Disbursement made by such Issuing Bank and
not reimbursed by the Borrower on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be refunded to the Borrower for any reason. Each Lender acknowledges and agrees that its obligation to
acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the
occurrence and continuance of a Default or reduction or termination of the Committed Amounts, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. At least once per quarter, the Administrative
Agent shall provide each Lender with a schedule showing the amount of such Lender’s participations in outstanding Letters of Credit; provided, that the Administrative Agent shall have no liability for any failure to comply with this
provision. 
 (e) Reimbursement. If any Issuing Bank shall make any LC Disbursement in respect of a Letter
of Credit issued by such Issuing Bank, the Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than 12:00 noon, New York City time, on the date that such LC
Disbursement is made, if the Borrower shall have received notice of such LC Disbursement prior to 10:00 a.m., New York City time, on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then not later
than 12:00 noon, New York City time, on (i) the Business Day that the Borrower receives such notice, if such notice is received prior to 10:00 a.m., New York City time, on the day of receipt, or (ii) the Business Day immediately following
the day that the Borrower receives such notice, if such notice is not received prior to such time on the day of receipt; provided that the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with
Section 2.03 that such payment be financed with an ABR Borrowing in an equivalent amount and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Borrowing. If the

  

 47 

 
Borrower fails to make such payment when due, the Administrative Agent shall notify each Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and
such Lender’s Ratable Portion thereof. Promptly following receipt of such notice, each Lender shall pay to the Administrative Agent its Ratable Portion of the payment then due from the Borrower, in the same manner as provided in
Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the Issuing Bank that issued such
Letter of Credit the amounts so received by it from the Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the
Issuing Bank that issued such Letter of Credit or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Lenders and such Issuing Bank as their interests may appear. Any payment made by
a Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of ABR Loans as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such
LC Disbursement. 
 (f) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements
as provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of
(i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any
respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by any Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of
Credit, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against,
the Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor any Issuing Bank, nor any of their Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance or transfer
of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any
draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control
of any Issuing Bank; provided that the foregoing shall not be construed to excuse any Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby
waived by the Borrower to the extent permitted by applicable Governmental Requirements) suffered by the Borrower that are caused by such Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under
a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of an Issuing Bank (as finally determined by a court of competent jurisdiction), such
Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be
in substantial compliance with the terms of a Letter of Credit, the Issuing 
  

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Bank that issued such Letter of Credit may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice
or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 

(g) Disbursement Procedures. Each Issuing Bank shall, promptly following its receipt thereof, examine all documents
purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether such Issuing Bank
has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Lenders with respect to any such LC
Disbursement. 
 (h) Interim Interest. If any Issuing Bank shall make any LC Disbursement, then, unless
the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that
the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then
Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this Section
to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment. 
 (i)
Replacement of an Issuing Bank. Any Issuing Bank may be replaced at any time by written agreement among the Borrower, the Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify
the Lenders of any such replacement of an Issuing Bank. At the time any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.12(b). From and
after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and
(ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the replacement of
an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such
replacement, but shall not be required to issue additional Letters of Credit. 
 (j) Cash
Collateralization. If any Event of Default shall occur and be continuing, or to the extent required by Section 2.11(c), the Borrower shall, at the request of the Required Lenders, within two Business Days, deposit in an account with the
Administrative Agent, in the name of the Administrative Agent and for the benefit of the Secured Parties, an amount in cash equal to the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided that the obligation to
deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the

  

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Borrower described in clause (h) or (i) of Article VII. The Borrower hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a security interest in such
account and cash collateral. Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement. The Administrative Agent shall have exclusive dominion and
control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent and at the
Borrower’s risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse each Issuing
Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans
has been accelerated, be applied to satisfy other obligations of the Borrower under this Agreement. If the Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to
the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived. 

SECTION 2.07 Funding of Borrowings. 

(a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of
immediately available funds by 2:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the
Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower that is maintained with the Administrative Agent in New York City or otherwise acceptable to the Administrative Agent and is designated by the
Borrower in the applicable Borrowing Request; provided that ABR Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.06(e) shall be remitted by the Administrative Agent to the Issuing Bank that made such
LC Disbursement. 
 (b) Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in
accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to
the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is
made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance
with banking industry rules on interbank compensation or (ii) in the case of the Borrower, the interest rate applicable to ABR Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such
Lender’s Loan included in such Borrowing. 
  

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 SECTION 2.08 Interest Elections. 

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

(b) To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by
telephone by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic
Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Interest Election Request signed by the Borrower. 

(c) Each telephonic and written Interest Election Request shall specify the following information in compliance with
Section 2.02: 
 (i) the Borrowing to which such Interest Election Request applies and, if different options
are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for
each resulting Borrowing); 
 (ii) the effective date of the election made pursuant to such Interest Election
Request, which shall be a Business Day; 
 (iii) whether the resulting Borrowing is to be an ABR Borrowing or a
Eurodollar Borrowing; and 
 (iv) if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period to be
applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 

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

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 (e) If the Borrower fails to deliver a timely Interest Election Request with
respect to a Eurodollar Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period the Borrower shall be deemed to have selected an Interest
Period of one month’s duration. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long
as an Event of Default is continuing (i) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the
Interest Period applicable thereto. 
 SECTION 2.09 Termination and Reduction of Committed Amounts. 

(a) Unless previously terminated, each Committed Amount shall terminate on the Maturity Date. 

(b) The Borrower may at any time terminate in full the aggregate Committed Amounts. The Borrower may reduce the aggregate
Committed Amounts from time to time pursuant to Section 2.05(b), provided that the Borrower shall not terminate or reduce the aggregate Committed Amounts if, after giving effect to any concurrent prepayment of the Loans in accordance
with Section 2.11, the sum of the Revolving Credit Exposures would exceed the aggregate Committed Amounts. 

(c) The Borrower shall notify the Administrative Agent of any election to terminate all Committed Amounts at least three
Business Days prior to the effective date of such termination, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice
delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Committed Amounts delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit
facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination of the aggregate Committed Amounts, or
reduction of any portion thereof, shall be permanent. 
 SECTION 2.10 Repayment of Loans; Evidence of Debt. 

(a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the
then unpaid principal amount of each Loan on the Maturity Date. 
 (b) Each Lender shall maintain in accordance
with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time
hereunder. 
 (c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount
of each Loan made hereunder, the Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and 

 

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payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share
thereof. 
 (d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this
Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any
manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement. 

(e) Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall
execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by such
promissory note and interest thereon shall at all times (including after an increase or reduction in such Lender’s Committed Amount pursuant to an assignment made pursuant to Section 10.04) be represented by one or more promissory notes in
such form payable to the payee named therein and its registered assigns. 
 SECTION 2.11 Prepayment of Loans. 

(a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part,
subject to the requirements of paragraph (b) of this Section. 
 (b) The Borrower shall notify the
Administrative Agent by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment or
(ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing
or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Committed Amounts as contemplated by Section 2.09, then such notice of prepayment may be
revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial
prepayment of any Borrowing (other than an Inventory Financing Sublimit Borrowing) shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a
Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13 and any break funding payments required by Section 2.16(a).

 (c) If, at any time, the total Revolving Credit Exposure outstanding at such time exceeds the aggregate
Committed Amounts then the Borrower shall prepay the Loans to the extent of such excess on the date such excess first occurs and, if such prepayment does not result in such excess being $0 because of outstanding Letters of Credit, then the Borrower
shall cash collateralize such Letters of Credit pursuant to Section 2.06(j) to the extent of such remaining excess. 
  

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 (d) If, at any time, the aggregate principal amount of outstanding Inventory
Financing Sublimit Borrowings exceeds the Inventory Financing Sublimit Availability at such time, then the Borrower shall prepay the Inventory Financing Sublimit Borrowings to the extent of such excess on the date such excess first occurs.

 (e) On the fifth Business Day of each calendar month, the Borrower shall either (i) prepay the
outstanding Inventory Financing Sublimit Borrowings by an amount (if positive) equal to (A) the aggregate outstanding Inventory Financing Sublimit Borrowings as of the applicable Inventory Financing Sublimit Borrowing Base Date minus
(B) the Inventory Financing Sublimit Borrowing Base as of such Inventory Financing Sublimit Borrowing Base Date (the “Inventory Sublimit Prepayment Amount”), or (ii) convert outstanding Inventory Financing Sublimit
Borrowings in an amount equal to the Inventory Sublimit Prepayment Amount into General Loans pursuant to a written notice to the Administrative Agent on such day. 

SECTION 2.12 Fees. 

(a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee which shall
accrue at an annual rate equal to the applicable Unused Fee on Committed Amount, on the daily amount of such Lender’s unused Committed Amount during the period from and including the Effective Date to but excluding the date on which its
Committed Amount terminates. Accrued Unused Fees on Committed Amounts shall be payable in arrears on the last day of March, June, September and December of each year and on the date on which the aggregate Committed Amounts terminate, commencing on
the first such date to occur after the date hereof, shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first but excluding the last day). 

(b) The Borrower agrees to pay (i) to the Administrative Agent for the account of each Lender a participation fee
with respect to its participations in Letters of Credit, which shall accrue at the same Applicable Margin used to determine the interest rate applicable to Eurodollar Loans on the average daily amount of such Lender’s LC Exposure (excluding any
portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date on which such Lender’s Committed Amount terminates and the date on which such Lender
ceases to have any LC Exposure, and (ii) to each Issuing Bank a fronting fee, which shall accrue at the rate of 0.25% per annum on the average daily amount of that portion of the LC Exposure attributable to such Issuing Bank (excluding any
portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date of termination of the Committed Amounts and the date on which there ceases to be any LC
Exposure attributable to such Issuing Bank, as well as such Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting
fees accrued shall be payable on the third Business Day following the last day of March, June, September and December of each year, commencing on the first such date to occur after the Effective Date; provided that all such fees

  

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shall be payable on the date on which the Committed Amounts terminate and any such fees accruing after the date on which the Committed Amounts terminate shall be payable on demand. Any other fees
payable to an Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand. All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days
elapsed (including the first day but excluding the last day). 
 (c) The Borrower agrees to pay to the
Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent. 

(d) All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent
(or to an Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Lenders. Fees paid shall not be refundable under any circumstances. 

SECTION 2.13 Interest. 

(a) The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Margin.

 (b) The Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBOR Rate for the
Interest Period in effect for such Borrowing plus the Applicable Margin. 
 (c) Notwithstanding the foregoing, if
any principal of or interest on any Loan or any fee or other amount payable by the Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before
judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any other amount, 2%
plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section. 
 (d) Accrued interest
on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and upon termination of the Committed Amounts; provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on
demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date
of such repayment or prepayment and (iii) in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

 (e) All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed
by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of
days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, 
  

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Adjusted LIBOR Rate or LIBOR Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error. 

(f) In the event that any financial statements delivered pursuant to this Agreement, or any certificate delivered pursuant
to Section 5.01(d), is shown to be inaccurate (regardless of whether this Agreement or the Committed Amounts are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher
Applicable Margin and/or a higher Unused Fee on Committed Amount for any period (an “Applicable Period”) than the Applicable Margin or Unused Fee on Committed Amount, as applicable, applied for such Applicable Period, then
(i) the Borrower shall immediately deliver to the Administrative Agent a correct certificate in the form of the certificate described in Section 5.01(d), (ii) such higher Applicable Margin and/or higher Unused Fee on Committed Amount
shall be applied to such Applicable Period, and (iii) the Borrower shall immediately pay to the Administrative Agent the accrued additional interest and expense owing as a result of such increased Applicable Margin and Unused Fee on Committed
Amount for such Applicable Period, which payment shall be promptly applied by the Administrative Agent in accordance with Section 7.02. This Section 2.13(f) shall not limit the rights of the Administrative Agent and the other Secured
Parties with respect to Section 2.13(c) or Article VII. 
 SECTION 2.14 Alternate Rate of Interest. If prior to the
commencement of any Interest Period for a Eurodollar Borrowing: 
 (a) the Administrative Agent determines (which
determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBOR Rate or the LIBOR Rate, as applicable, for such Interest Period; or 

(b) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBOR Rate or the LIBOR Rate, as
applicable, for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest Period; 

then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or telecopy as promptly as practicable thereafter
and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of
any Borrowing as, a Eurodollar Borrowing shall be ineffective and (ii) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing. 

SECTION 2.15 Increased Costs. 

(a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with
or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBOR Rate) or any Issuing Bank; or 
  

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 (ii) impose on any Lender or any Issuing Bank or the London interbank market
any other condition affecting this Agreement or Eurodollar Loans made by such Lender or any Letter of Credit or participation therein; 
 and
the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender or such Issuing Bank of
participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or such Issuing Bank hereunder (whether of principal, interest or otherwise), then the Borrower will pay to such
Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered. 

(b) If any Lender or any Issuing Bank determines that any Change in Law regarding capital requirements has or would have
the effect of reducing the rate of return on such Lender’s or such Issuing Bank’s capital or on the capital of such Lender’s or such Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by,
or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company could
have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Bank’s policies and the policies of such Lender’s or such Issuing Bank’s holding company with respect to capital adequacy), then
from time to time the Borrower will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company
for any such reduction suffered. 
 (c) A certificate of a Lender or an Issuing Bank setting forth the amount or
amounts necessary to compensate such Lender or such Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section shall be delivered to the Borrower and shall be conclusive absent manifest
error. The Borrower shall pay such Lender or such Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof. 

(d) Failure or delay on the part of any Lender or any Issuing Bank to demand compensation pursuant to this Section shall
not constitute a waiver of such Lender’s or such Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender or an Issuing Bank pursuant to this Section for any increased
costs or reductions incurred more than 270 days prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or
such Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 270-day period referred to above shall be
extended to include the period of retroactive effect thereof. 
 SECTION 2.16 Break Funding Payments. In the event of
(a) the payment of any principal of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any

  

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Eurodollar Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Eurodollar Loan on the date specified in any
notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.11(b) and is revoked in accordance therewith) or (d) the assignment of any Eurodollar Loan other than on the last day of the Interest Period
applicable thereto as a result of a request by the Borrower pursuant to Section 2.19, then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurodollar
Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event
not occurred, at the Adjusted LIBOR Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or
continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at
the commencement of such period, for dollar deposits of a comparable amount and period from other banks in the Eurodollar market. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to
this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

SECTION 2.17 Taxes. 

(a) Any and all payments by or on account of any obligation of the Borrower hereunder shall be made free and clear of and
without deduction for any Indemnified Taxes or Other Taxes; provided that if the Borrower shall be required to deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable shall be increased as necessary so
that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, Lender or Issuing Bank (as the case may be) receives an amount equal to the sum it would have
received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable Governmental
Requirements. 
 (b) In addition, the Borrower shall pay any Other Taxes to the relevant Governmental Authority
in accordance with applicable Governmental Requirements. 
 (c) The Borrower shall indemnify the Administrative
Agent, each Lender and each Issuing Bank, within 10 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent, such Lender or such Issuing Bank, as the case may be, on or with
respect to any payment by or on account of any obligation of the Borrower hereunder (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable
expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or
liability delivered to the Borrower by a Lender or an Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest error. 

 

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 (d) As soon as practicable after any payment of Indemnified Taxes or Other
Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting
such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (e) Any
Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which the Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this
Agreement shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable Governmental Requirements, such properly completed and executed documentation prescribed by applicable Governmental
Requirements or reasonably requested by the Borrower as will permit such payments to be made without withholding or at a reduced rate. 

(f) If the Administrative Agent or a 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 2.17, it shall pay over such refund to the Borrower (but only to the extent of
indemnity payments made, or additional amounts paid, by the Borrower under this Section 2.17 with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender 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 or such 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 or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such
Governmental Authority. This Section shall not be construed to require the Administrative Agent or any Lender to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the Borrower or any other
Person. 
 SECTION 2.18 Payments Generally; Pro Rata Treatment; Sharing of Set-offs. 

(a) The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or
reimbursement of LC Disbursements, or of amounts payable under Section 2.15, Section 2.16 or Section 2.17, or otherwise) prior to 12:00 noon, New York City time, on the date when due, in immediately available funds, without set off or
counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments
shall be made to the Administrative Agent at its offices at the address set forth for the Administrative Agent in Section 10.01 in the State of New York (its “Principal Office”), except payments to be made directly to an
Issuing Bank as expressly provided herein and except that payments pursuant to Section 2.15, Section 2.16(a), Section 2.17 and Section 10.03 shall be made directly to the Persons entitled thereto.

  

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The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment
hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such
extension. All payments hereunder shall be made in dollars. 
 (b) If at any time insufficient funds are received
by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due
hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably
among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties. 

(c) If any Lender shall, by exercising any right of set off or counterclaim or otherwise, obtain payment in respect of any
principal of or interest on any of its Loans or participations in LC Disbursements resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and participations in LC Disbursements and accrued interest
thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Loans and participations in LC Disbursements of other Lenders to the extent
necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and participations in LC Disbursements; provided
that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest,
and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the
assignment of or sale of a participation in any of its Loans or participations in LC Disbursements to any assignee or participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall
apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable Governmental Requirements, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the
Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 

(d) Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is
due to the Administrative Agent for the account of the Lenders or any Issuing Bank hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance
herewith and may, in reliance upon such assumption, distribute to the Lenders or such Issuing Bank, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the Issuing Bank,
as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the 
  

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amount so distributed to such Lender or such Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to
the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

(e) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.06(d) or (e),
Section 2.07(b), Section 2.18(d) or Section 10.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the
account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 

SECTION 2.19 Mitigation Obligations; Replacement of Lenders. 

(a) If any Lender requests compensation under Section 2.15, or if the Borrower is required to pay any additional
amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to
assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.15 or
Section 2.17, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs
and expenses incurred by any Lender in connection with any such designation or assignment. 
 (b) If any Lender
requests compensation under Section 2.15, if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, if any Lender becomes a Defaulting
Lender or if any Lender becomes a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with
and subject to the restrictions contained in Section 10.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such
assignment); provided that (i) the Borrower shall have received the prior written consent of the Administrative Agent (and if a Committed Amount is being assigned, each Issuing Bank), which consent shall not unreasonably be withheld,
(ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the
assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts), (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.15 or
payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments and (iv) in the case of any such assignment resulting from a Lender becoming a Non-Consenting Lender, the
applicable assignee shall have agreed to the applicable departure, waiver or amendment of the Loan Documents. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 
  

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 (c) In the event that (i) the Borrower or the Administrative Agent has
requested that the Lenders consent to a departure or waiver of any provisions of the Loan Documents or agree to any amendment thereto, (ii) the consent, waiver or amendment in question requires the agreement of all Lenders or all affected
Lenders in accordance with the terms of Section 10.02 and (iii) the Required Lenders have agreed to such consent, waiver or amendment, then any Lender who does not agree to such consent, waiver, or amendment shall be deemed a
“Non-Consenting Lender”. 
 SECTION 2.20 Defaulting Lenders. Notwithstanding any other provision in this
Agreement to the contrary, if at any time a Lender becomes a Defaulting Lender, the following provisions shall apply so long as any Lender is a Defaulting Lender as determined in accordance with Section 2.20(e): 

(a) If a Defaulting Lender (or a Lender who would be a Defaulting Lender but for the expiration of the relevant grace
period) as a result of the exercise of a set-off shall have received a payment in respect of its Revolving Credit Exposure which results in its Revolving Credit Exposure being less than its Ratable Portion of the total Revolving Credit Exposures,
then payments (including principal, interest and fees) to such Defaulting Lender will be suspended until such time as all amounts due and owing to the Lenders have been equalized in accordance with each of the Lenders’ respective Ratable
Portions of the total Revolving Credit Exposures. Further, if at any time prior to the acceleration or maturity of the Revolving Credit Exposures, the Administrative Agent shall receive any payment in respect of principal of a Loan or a
reimbursement of any LC Exposure while one or more Defaulting Lenders shall be party to this Agreement, the Administrative Agent shall apply such payment first to the Revolving Credit Exposures for which such Defaulting Lender(s) shall have failed
to fund its pro rata share until such time as such Revolving Credit Exposures are paid in full or each Lender (including each Defaulting Lender) is owed its Ratable Portion of all Revolving Credit Exposures then outstanding. After acceleration or
maturity of the Revolving Credit Exposures, subject to the first sentence of this Section 2.20(a), all principal will be paid ratably as provided in Section 2.18(c). 

(b) Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the
following provisions shall apply for so long as such Lender is a Defaulting Lender: 
 (i) fees shall cease to
accrue on the Committed Amount of such Defaulting Lender pursuant to Section 2.12; 
 (ii) with respect to
any LC Exposure of such Defaulting Lender that exists at the time a Lender becomes a Defaulting Lender or thereafter: 

(A) all or any part of such Defaulting Lender’s Ratable Portion of the total LC Exposure shall be reallocated among
the Non-Defaulting Lenders in accordance with their respective Committed Amounts (calculated without 
  

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regard to such Defaulting Lender’s Committed Amount) but only to the extent that (1) the sum of all Non-Defaulting Lenders’ Committed Amounts is greater than zero; (2) the
conditions set forth in Section 4.02 are satisfied at such time and (3) each such Non-Defaulting Lender’s Committed Amount is greater than zero; 

(B) if the reallocation described in clause (ii)(A) above cannot, or can only partially, be effected, then the Borrower
shall within three Business Days following notice by the Administrative Agent cash collateralize such Defaulting Lender’s portion of the LC Exposure (after giving effect to any partial reallocation pursuant to clause (ii)(A) above) in
accordance with the procedures set forth in Section 2.06(j) for so long as such LC Exposure is outstanding; 

(C) if the Borrower cash collateralizes any portion of such Defaulting Lender’s portion of the LC Exposure pursuant
to this Section 2.20 then the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.12(b) with respect to such Defaulting Lender’s portion of the LC Exposure during the period such Defaulting
Lender’s portion of the LC Exposure is cash collateralized; 
 (D) if the LC Exposure of the Non-Defaulting
Lenders is reallocated pursuant to Section 2.20(b)(ii)(A), then the fees payable to the Lenders pursuant to Section 2.12 shall be adjusted in accordance with such Non-Defaulting Lenders’ Ratable Portions (calculated without regard to
such Defaulting Lender’s Committed Amount); and 
 (E) if any Defaulting Lender’s portion of the LC
Exposure is neither cash collateralized nor reallocated pursuant to this Section 2.20(b)(ii), then, without prejudice to any rights or remedies of the Issuing Banks or any other Lender hereunder, all commitment and commission fees that
otherwise would have been payable to such Defaulting Lender (solely with respect to the portion of such Defaulting Lender’s Committed Amount that was utilized by such LC Exposure) and letter of credit fees payable under Section 2.12 with
respect to such Defaulting Lender’s portion of the LC Exposure shall be payable to the Issuing Banks, until such LC Exposure is cash collateralized, reallocated and/or repaid in full. 

(c) So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, amend or increase any Letter
of Credit, unless it is satisfied that the related exposure will be 100% covered by the Committed Amounts of the Non-Defaulting Lenders and/or cash collateral will be provided by the Borrower in accordance with Section 2.20(b), and
participating interests in any such newly issued or increased Letter of Credit shall be allocated among Non-Defaulting Lenders in a manner consistent with Section 2.06(e) (and Defaulting Lenders shall not participate therein). 

(d) The Borrower Parties shall not enter into any Hedging Agreement or sales contract with a Lender while it is a
Defaulting Lender. 
  

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 (e) In the event that the Administrative Agent, the Borrower, and each
Issuing Bank each agrees that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the LC Exposure shall be readjusted to reflect the inclusion of such Lender’s Committed Amount and on
such date such Lender shall purchase at par such of the Loans, Committed Amounts and/or Secured Obligations of the other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans, Committed
Amounts and/or Secured Obligations in accordance with its Ratable Portion. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants to the Lenders that: 

SECTION 3.01 Organization; Powers. It and each other Relevant Party is duly organized, validly existing and in good standing under
the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business as now conducted and to own and lease its Property and, except where the failure to do so, individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required. 

SECTION 3.02 Authorization; Enforceability. The Transactions are within its and the other Borrower Parties’ corporate,
limited liability company or partnership powers and have been duly authorized by all necessary corporate, limited liability company or partnership and, if required, stockholder, member or limited partner action. This Agreement and each other Loan
Document to which it is a party has been duly executed and delivered by it and constitutes a legal, valid and binding obligation of it, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

SECTION 3.03 Governmental Approvals; No Conflicts. The Transactions (a) do not require any consent or approval of,
registration or filing with, or any other action by, any Governmental Authority, except (i) such as have been obtained or made and are in full force and effect and (ii) filings necessary to perfect the Liens created and granted under the
Security Documents, (b) will not violate any Governmental Requirement, (c) will not violate the Organizational Documents of it or any other Relevant Party, (d) will not violate or result in a default under any indenture, agreement or
other instrument binding upon it or any other Relevant Party or their respective assets, or give rise to a right thereunder to require any payment to be made by it or any of its Restricted Subsidiaries, and (e) will not result in the creation
or imposition of any Lien on any Property of it or any of its Restricted Subsidiaries, except Liens created and granted under the Security Documents. 

SECTION 3.04 Financial Condition; No Material Adverse Change. 

(a) The Borrower has heretofore furnished to the Lenders its consolidated balance sheet and statements of operations,
partners’ equity and cash flows (i) as of and for the fiscal year ended December 31, 2009, reported on by Deloitte & Touche LLP, independent public accountants, and (ii) as of and for the fiscal quarter and the portion
of the fiscal year ended March 31, 2010, certified by one of its Financial Officers. 
  

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 (b) Such financial statements present fairly, in all material respects, the
financial position and results of operations and cash flows of, with respect to Section 3.04(a), the Borrower and its consolidated subsidiaries and, with respect to Section 3.04(b), the Borrower and its consolidated subsidiaries, as of
such dates and for such periods in accordance with GAAP, subject to year end audit adjustments and the absence of footnotes in the case of the statements referred to in Sections 3.04(a)(ii) and 3.04(b)(ii). 

(c) Since December 31, 2009, there has been no event, circumstance or occurrence that has had or could reasonably be
expected to have a Material Adverse Effect. 
 SECTION 3.05 Other Obligations and Restrictions. Except for Indebtedness
not prohibited by Section 6.01 and other liabilities incurred in the ordinary course of business, neither it nor any of its Restricted Subsidiaries has any outstanding liabilities of any kind (including contingent obligations, tax assessments,
and unusual forward or long-term commitments) which are, in the aggregate, material to the Borrower or material with respect to the Borrower’s consolidated financial condition and that are not shown in the financial statements delivered
pursuant to Section 3.04 or shown on Schedule 3.05. It and each of its Restricted Subsidiaries has paid all material Taxes, assessments, and other governmental charges or levies imposed upon it or upon its income, profits or Property,
except to the extent that any of the foregoing is not yet due or is being in good faith contested as permitted by Section 5.04(a). 

SECTION 3.06 Properties. 

(a) Generally. Except as set forth on Schedule 3.06(a), it and each other Relevant Party has good title to,
or valid leasehold interests in, all its Property material to the Borrower’s Business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. All such Property
is free and clear of all Liens except for Permitted Encumbrances. Its tangible personal Property and the tangible personal Property of each of its Restricted Subsidiaries that is material to the Borrower’s Business or, in the case of a Material
Subsidiary or NEJD SPE 2, material to its business, is in good operating order and condition (ordinary wear and tear occurring in the ordinary course of business or caused by Casualty Events excepted) in accordance with industry standards.

 (b) Collateral. It and each of its Restricted Subsidiaries owns or has rights to use all of the
Collateral and all rights with respect to any of the foregoing of, necessary for or material to the Borrower’s Business or, in the case of a Material Subsidiary, material to its business, in each case as currently conducted. The use by it and
each of its Restricted Subsidiaries of such Collateral and all rights with respect to the foregoing do not infringe on the rights of any Person other than such infringement that could not, individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect. No claim has been made and remains outstanding asserting that it or any other Relevant Party’s use of any Collateral does or may violate the rights of any third party that could, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect. 
  

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 (c) Permits, etc. It and each other Relevant Party has all permits,
licenses and authorizations required in connection with the conduct of its businesses, and is in compliance with the terms and conditions of all such permits, licenses and authorizations, except where the failure to have or comply with such permits,
licenses and authorizations would not, individually or in the aggregate, have a Material Adverse Effect. 
 SECTION 3.07
Litigation. 
 (a) There are no actions, suits or proceedings at law or in equity by or before any
arbitrator or Governmental Authority pending against or, to the Knowledge of it, threatened against or affecting it or any of its subsidiaries, Joint Ventures or any business, Property or rights of it or any of its subsidiaries or Joint Ventures
that (i) if adversely determined, could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect (other than the Disclosed Matters) or (ii) could reasonably be expected to adversely affect any rights or
remedies of the Secured Parties under any Loan Document or the Transactions. 
 (b) Since the Effective Date,
there has been no change in the status of the Disclosed Matters that, individually or in the aggregate, has resulted in, or materially increased the likelihood of, a Material Adverse Effect. 

(c) No Casualty Event has occurred that, individually or in the aggregate, could reasonably be expected to have a Material
Adverse Effect. 
 SECTION 3.08 Compliance with Laws and Agreements. It and each of its subsidiaries and Joint Ventures
is in compliance with all laws, regulations and orders of any Governmental Authority and all indentures, agreements and other instruments applicable to or binding upon it or its Property, except where the failure to do so, individually or in the
aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 SECTION 3.09 Default. No Default has
occurred and is continuing. 
 SECTION 3.10 Investment Company Status. Neither it nor any of its Restricted Subsidiaries
is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940. The Borrower is not subject to regulation under any Federal or State statute or regulation which limits its ability to incur
Indebtedness. 
 SECTION 3.11 Taxes. It and each other Relevant Party has (a) timely filed or caused to be timely
filed, or an extension has been obtained for the filing of, all material federal Tax returns and all material state, local and foreign Tax returns or materials required to have been filed by it or such Relevant Party and (b) duly and timely
paid, collected or remitted or caused to be duly and timely paid, collected or remitted all material Taxes (whether or not shown on any Tax return) due and payable, collectible and remittable by it or such Relevant Party and all assessments received
by it or such Relevant Party, except Taxes that (i) if Taxes of a Borrower Party, are being contested in good faith by appropriate proceedings and for which it or such Restricted Subsidiary has set aside on its books and records adequate
reserves in accordance with GAAP and (ii) could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. It and each other Relevant Party has made adequate provision in accordance with GAAP for all Taxes
not yet due and payable, except where the failure to do so, 
  

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individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Neither it nor any of its Restricted Subsidiaries is aware of any proposed or pending Tax
assessments, deficiencies or audits relating to it or any other Relevant Party that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

SECTION 3.12 ERISA. Except as could not reasonably be expected to have a Material Adverse Effect, each ERISA Affiliate has
fulfilled its obligations under the minimum funding standards of ERISA and the Code with respect to each Plan and is in compliance in all material respects with the presently applicable provisions of ERISA and the Code with respect to each Plan.
Except as could not reasonably be expected to have a Material Adverse Effect, no ERISA Affiliate has (a) sought a waiver of the minimum funding standard under Section 412 of the Code in respect of any Plan, (b) failed to make any
contribution or payment to any Plan or Multiemployer Plan or in respect of any Benefit Arrangement or made any amendment to any Plan or Benefit Arrangement, which has resulted or could reasonably be expected to result in the imposition of a Lien or
the posting of a bond or other security under ERISA or the Code or (c) incurred any liability under Title IV of ERISA other than a liability to the PBGC for premiums under Section 4007 of ERISA. 

SECTION 3.13 Disclosure; No Material Misstatements. It has disclosed to the Lenders all agreements, instruments and corporate or
other restrictions to which it or any other Relevant Party is subject (and all other matters known to it) that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. No written information, report,
financial statement, certificate, Borrowing Request, exhibit or schedule furnished by or on behalf of it or any other Relevant Party to the Administrative Agent or any Lender in connection with the negotiation of the Loan Documents or included
therein or delivered thereunder (as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided that, with respect to projected financial information, it represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at
the time. 
 SECTION 3.14 Insurance. Schedule 3.14 hereto contains an accurate and complete description of all
material policies of fire, liability, worker’s compensation and other forms of insurance that are owned or held by or could accrue to the account of it or any other Relevant Party as of the Effective Date. All such policies are in full force
and effect, all premiums with respect thereto covering all periods up to and including the Effective Date have been paid, and no notice of cancellation or termination has been received with respect to any such policy. Such policies (a) are
sufficient for compliance with all material Governmental Requirements and all material agreements to which it is a party, (b) are valid, outstanding and enforceable policies, and (c) provide adequate insurance coverage for the material
assets and operations of it and each other Relevant Party in at least such amounts and against at least such risks as are usually insured against in the same general area by companies engaged in the same or similar business. On or prior to the
Effective Date, the Borrower shall have used commercially reasonable efforts to cause such insurance policies relating to the Borrower or any Restricted Subsidiary to (i) provide that no cancellation, material reduction in amount or material
change in coverage thereof shall be effective until at least thirty days after receipt by the 
  

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Administrative Agent of written notice thereof, and (ii) name the Administrative Agent as mortgagee (in the case of Real Property or, as applicable, Pipeline insurance) or additional insured
on behalf of the Secured Parties (in the case of liability insurance) or loss payee (in the case of personal Property insurance), as applicable. 

SECTION 3.15 Material Agreements. Schedule 3.15 hereto contains a complete and correct list of all Material Agreements of
it and its Restricted Subsidiaries (other than the Loan Documents) in effect as of the Effective Date. Copies of such documents have been provided to the Administrative Agent. All Material Agreements are in full force and effect (except any such
Material Agreement that has expired by its terms) and neither it nor any of its Restricted Subsidiaries is in default thereunder, and there is no uncured default by any affiliate predecessor in interest to it or any of its Restricted Subsidiaries
or, to its Knowledge, by any predecessor in interest to it or any of its Restricted Subsidiaries (other than an affiliate predecessor) or counterparty thereto and neither it nor any of its Restricted Subsidiaries has altered or amended any material
item or provision of any Material Agreement except where such non-enforceability, default, alterations or amendments, individually or in the aggregate, could not reasonably be expected to have an adverse effect on the Administrative Agent, the
Issuing Banks or the Lenders. 
 SECTION 3.16 Reserved. 

SECTION 3.17 Solvency. After giving effect to the Transactions and immediately following the making of each Loan and after giving
effect to the application of the proceeds of each Loan, (a) the fair value of the Properties of it and each of the other Relevant Parties (individually as to any Relevant Party, and on a consolidated basis with its and its subsidiaries’
respective subsidiaries and determined on a going concern basis) will exceed the probable liability of its debts and other liabilities, subordinated, contingent or otherwise; (b) the present fair saleable value of the Property of it and each of
the other Relevant Parties (individually as to any Relevant Party, and on a consolidated basis with its and its subsidiaries’ respective subsidiaries) will be greater than the amount that will be required to pay the probable liability of its
debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (c) it and each of the other Relevant Parties (individually as to any Relevant Party, and on a consolidated
basis with its and its subsidiaries’ respective subsidiaries) will be able to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (d) it and each of the other
Relevant Parties (individually as to any Relevant Party, and on a consolidated basis with its and its subsidiaries respective subsidiaries) will not have unreasonably small capital with which to conduct business in which it is engaged as such
business is now conducted and is proposed to be conducted. 
 SECTION 3.18 Labor Disputes and Acts of God. (a) As of
the Effective Date, there are no strikes, lockouts or slowdowns against it or any of its Restricted Subsidiaries pending or, to the Knowledge of it or any of its Restricted Subsidiaries, threatened. The hours worked by and payments made to employees
of it or any of its Restricted Subsidiaries have not been in violation of the Fair Labor Standards Act of 1938, as amended, or any other applicable federal, state, local or foreign law dealing with such matters in any manner that could reasonably be
expected to have a Material Adverse Effect. All payments due from it or any of its Restricted 
  

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Subsidiaries or for which any claim may be made against it or any of its Restricted Subsidiaries on account of wages and employee health and welfare insurance and other benefits have been paid or
accrued as a liability on the books of it or such Restricted Subsidiary, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect. The consummation of the Transactions will not give rise to any right of
termination or right of renegotiation on the part of any union under any collective bargaining agreement to which it or any of its Restricted Subsidiaries is bound, which could reasonably be expected to have a Material Adverse Effect. 

(b) Except as disclosed in Schedule 3.18, neither the business nor the Properties of it nor any of its Restricted
Subsidiaries has been affected by any fire, explosion, accident, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance), which could reasonably be expected to have a
Material Adverse Effect. 
 SECTION 3.19 Equity Interests and Subsidiaries. (a) Schedule 3.19(a) dated as of
the Effective Date sets forth a list of (i) all of the Subsidiaries and Joint Ventures and their jurisdictions of organization as of the Effective Date, (ii) whether each Subsidiary is a Restricted Subsidiary or an Unrestricted Subsidiary
as of the Effective Date, and (iii) the number of each class of its Equity Interests authorized, and the number outstanding, as of the Effective Date and the number of shares covered by all outstanding options, warrants, rights of conversion or
purchase and similar rights as of the Effective Date. All Equity Interests of each of its Restricted Subsidiaries are duly and validly issued and are fully paid and non-assessable, except as such non-assessability may be affected by Sections 17-303
and 17-607 of the Delaware Revised Uniform Partnership Act (or any similar provision of any similar statute). It and each of its Restricted Subsidiaries is the record and beneficial owner of, and has good and defensible title to, the Equity
Interests pledged by it under the Guarantee and Collateral Agreement, free of any and all Liens, rights or claims of other Persons, except the security interest created by the Guarantee and Collateral Agreement, and there are no outstanding options,
warrants or other rights to purchase, or shareholder, voting trust or similar agreements outstanding with respect to, or Property that is convertible into, or that requires the issuance or sale of, any such Equity Interests, other than equity
interests in Joint Ventures and non-wholly owned Subsidiaries. All Restricted Subsidiaries are Guarantors. 
 (b)
No Consent of Third Parties Required. No consent of any Person including any other general or limited partner, any other member of a limited liability company, any other shareholder or any other trust beneficiary is necessary or reasonably
desirable (from the perspective of a secured party) in connection with the creation, perfection or First Priority status of the Lien granted to the Administrative Agent for the benefit of the Secured Parties on the Equity Interests pledged under the
Guarantee and Collateral Agreement or the exercise by the Administrative Agent of the voting or other rights with respect to such Equity Interests provided for in the Guarantee and Collateral Agreement or the exercise of remedies in respect thereof,
except for those consents set forth on Schedule 3.19(b) and consents that have been obtained. 
 (c)
Organizational Chart. An accurate organizational chart, showing the ownership structure of the Borrower and each Subsidiary and Joint Venture as of the Effective Date and after giving effect to the Transactions is set forth on Schedule
3.19(c). 
  

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 SECTION 3.20 Intellectual Property. 

(a) Ownership/No Claims. It and each of its Restricted Subsidiaries owns, or is licensed to use, all patents,
patent applications, trademarks, trade names, servicemarks, copyrights, technology, trade secrets, proprietary information, domain names, know-how and processes necessary for the conduct of its business as currently conducted (the
“Intellectual Property”), except for those the failure to own or license which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. No claim has been asserted and is pending by any
Person challenging or questioning the use of any such Intellectual Property or the validity or effectiveness of any such Intellectual Property, nor does it nor any of its Restricted Subsidiaries know of any valid basis for any such claim, in each
case that could reasonably be expected to have a Material Adverse Effect. The use of such Intellectual Property by it and each of its Restricted Subsidiaries does not infringe the rights of any person, except for such claims and infringements that,
individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 (b)
Registrations. Except pursuant to licenses and other user agreements entered into by it and each of its Restricted Subsidiaries in the ordinary course of business that are listed in Schedule 12(a) or 12(b) to the Perfection Certificate, on
and as of the Effective Date (i) it and each of its Restricted Subsidiaries owns and possesses the right to use, and has done nothing to authorize or enable any other person to use, any copyright, patent or trademark material to the
Borrower’s Business and listed in Schedule 12(a) or 12(b) to the Perfection Certificate and (ii) all registrations material to the Borrower’s Business and listed in Schedule 12(a) or 12(b) to the Perfection Certificate are valid and
in full force and effect. 
 (c) No Violations or Proceedings. To its Knowledge, on and as of the
Effective Date, there is no violation by others of any right of it or any of its Restricted Subsidiaries with respect to any copyright, patent or trademark material to the Borrower’s Business listed in Schedule 12(a) or 12(b) to the Perfection
Certificate, pledged by it under the name of it or any such Restricted Subsidiary except as may be set forth on Schedule 3.20(c) or as could not reasonably be expected to result in a Material Adverse Effect. 

SECTION 3.21 Environmental Matters. Neither it nor any of its subsidiaries or Joint Ventures nor any of their respective
Facilities or operations for which they are liable (a) has any Environmental Liability or (b) is subject to any outstanding written order, consent decree or settlement agreement with any Person relating to any Environmental Law, any
Environmental Claim, or any Hazardous Materials Activity that, in each case, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Neither it nor any of its subsidiaries has received any letter or request
for information under Section 104 of the Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. § 9604) (“CERCLA”) or any comparable state law which it reasonably expects will lead to liability
having a Material Adverse Effect. None of its or any of its subsidiaries’ or Joint Ventures’ Real Property, Pipelines or Facilities is (i) listed or proposed for listing on the National Priorities List promulgated pursuant to CERCLA,
(ii) listed on the Comprehensive Environmental Response, Compensation and Liability Information System promulgated pursuant to CERCLA or (iii) included on any similar list maintained by any Governmental Authority, including any such
listing relating to petroleum, where the inclusion on such list(s) could reasonably be expected to 
  

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result in, individually or in the aggregate, a Material Adverse Effect. To its Knowledge, there are and have been no conditions, occurrences or Hazardous Materials Activities which could
reasonably be expected to form the basis of an Environmental Claim against it or any of its subsidiaries or Joint Ventures that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Compliance with
reasonably foreseeable future requirements pursuant to or under Environmental Laws is not reasonably expected to result in, individually or in the aggregate, a Material Adverse Effect. To its Knowledge, no event or condition has occurred or is
occurring with respect to it or any of its subsidiaries relating to any Environmental Law, any release of Hazardous Materials, or any Hazardous Materials Activity that individually or in the aggregate has resulted in or could reasonably be expected
to have a Material Adverse Effect. No material Lien has been recorded or, to its Knowledge, threatened, under any Environmental Law with respect to any Property, including Real Property and Pipelines, of it or any Restricted Subsidiary. It has made
or has caused its Restricted Subsidiaries to make available to the Administrative Agent all material records and files in their possession concerning compliance with or liability under Environmental Law, including those concerning the existence of
Hazardous Material at Facilities or Real Property or Pipelines currently or formerly owned, operated, leased or used by it or any of its Restricted Subsidiaries. It has made, has caused its Unrestricted Subsidiaries to make, and has used
commercially reasonable efforts to cause its Joint Ventures to make available to the Administrative Agent all records and files in their possession concerning compliance by it and its subsidiaries and Joint Ventures, as applicable, with or liability
under Environmental Law, including those concerning the existence of Hazardous Material at Facilities or Real Property or Pipelines currently or formerly owned, operated, leased or used by it or any of its Unrestricted Subsidiaries or Joint
Ventures, if the contents of such records and files relate to events or occurrences that could reasonably be expected to have a Material Adverse Effect. 

SECTION 3.22 Reserved. 

SECTION 3.23 Security Documents. (a) Guarantee and Collateral Agreement. The Guarantee and Collateral Agreement is
effective to create in favor of the Administrative Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in, the Collateral and, (i) when financing statements and other filings in
appropriate form are filed in the offices specified on Schedule 7 to the Perfection Certificate and (ii) upon the taking of possession or control by the Administrative Agent of the Collateral with respect to which a security interest may be
perfected only by possession or control (which possession or control shall be given to the Administrative Agent to the extent possession or control by the Administrative Agent is required by the Guarantee and Collateral Agreement), the Liens created
by the Guarantee and Collateral Agreement shall constitute fully perfected First Priority Liens on, and security interests in, all right, title and interest of the grantors thereunder in the Collateral (other than such Collateral in which a security
interest cannot be perfected under the UCC as in effect at the relevant time in the relevant jurisdiction), in each case with no other Liens except for Permitted Encumbrances. 

(b) Mortgages. Each Mortgage is effective to create, in favor of the Administrative Agent for the benefit of the
trustee named therein and the Secured Parties, legal, valid and enforceable First Priority Liens on, and security interests in, all of its and its Restricted Subsidiaries’ right, title and interest in and to the Mortgaged Properties thereunder
and the 
  

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proceeds thereof, with no other Liens except for Permitted Encumbrances, and when the Mortgages are filed in the offices specified on Schedule 8(a) to the Perfection Certificate dated as of the
Effective Date (or, in the case of any Mortgage executed and delivered after the date thereof in accordance with the provisions of Sections 5.10 and 5.11, when such Mortgage is filed in the offices specified in the local counsel opinion delivered
with respect thereto in accordance with the provisions of Sections 5.10 and 5.11), the Mortgages shall constitute First Priority fully perfected Liens on, and security interests in, all right, title and interest of it and its Restricted Subsidiaries
in the Mortgaged Properties and the proceeds thereof, in each case prior and superior in right to any other person, with no other Liens except for Permitted Encumbrances and other Liens permitted by such Mortgage. 

(c) Valid Liens. Each Security Document delivered pursuant to Sections 5.10 and 5.11, upon execution and delivery
thereof, be effective to create in favor of the Administrative Agent, for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in, all of its and its Restricted Subsidiaries’ right, title and
interest in and to the Collateral thereunder, and when all appropriate filings or recordings are made in the appropriate offices as may be required under applicable Governmental Requirements, such Security Document will constitute First Priority
fully perfected Liens on, and security interests in, all right, title and interest of it and its Restricted Subsidiaries in such Collateral, in each case with no other Liens except for Permitted Encumbrances. 

SECTION 3.24 Anti-Terrorism Law. 

(a) Neither it nor any of its Restricted Subsidiaries nor, to its Knowledge, any of its Affiliates, is in violation of any
law relating to terrorism or money laundering (“Anti-Terrorism Laws”), including Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (the “Executive Order”), and the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56. 

(b) Neither it nor any of its Restricted Subsidiaries nor, to its Knowledge, any of its Affiliates or broker or other
agent of it or any of its Restricted Subsidiaries acting or benefiting in any capacity in connection with the Loans is any of the following: 

(i) a Person that is listed in the annex to, or is otherwise subject to the provisions of, the Executive Order;

 (ii) a Person owned or controlled by, or acting for or on behalf of, any Person that is listed in the annex
to, or is otherwise subject to the provisions of, the Executive Order; 
 (iii) a Person with which any Lender is
prohibited from dealing or otherwise engaging in any transaction by any Anti-Terrorism Law; 
 (iv) a Person that
commits, threatens or conspires to commit or supports “terrorism” as defined in the Executive Order; or 
  

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 (v) a Person that is named as a “specially designated national and
blocked person” on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control (“OFAC”) at its official website or any replacement website or other replacement official publication of such
list. 
 (c) Neither it nor any of its Restricted Subsidiaries nor, to its Knowledge, any broker or other agent
of it or any of its Affiliates acting in any capacity in connection with the Loans (i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any person described in
paragraph (b) above, (ii) deals in, or otherwise engages in any transaction relating to, any Property or interests in Property blocked pursuant to the Executive Order or (iii) engages in or conspires to engage in any transaction that
evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law. 

(d) Notwithstanding anything in Section 3.24(a) through (c) to the contrary, such representations shall not be
deemed breached unless the circumstances giving rise to such breach could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect or otherwise adversely affect the Lenders. 

SECTION 3.25 Federal Reserve Regulations. Neither it nor any of its Restricted Subsidiaries is engaged principally or as one of
its important activities in the business of extending credit for the purpose of buying or carrying Margin Stock. No part of the proceeds of any Loan or Letter of Credit will be used directly or indirectly, whether used immediately, incidentally or
ultimately, for any purpose that entails a violation of or that is inconsistent with the provisions of the regulations of the Board, including Regulation T, Regulation U or Regulation X. The pledge of the Equity Interests pledged pursuant to the
Guarantee and Collateral Agreement does not violate such regulations. 
 SECTION 3.26 Use of Proceeds. The Borrower has
used the proceeds of the Loans in accordance with Section 5.08. 
 ARTICLE IV 

CONDITIONS 

SECTION 4.01 Effective Date. The obligations of the Lenders to make additional Loans and of any Issuing Bank to issue additional
Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 10.02): 

(a) The Administrative Agent (or its counsel) shall have received from each party hereto a counterpart of this Agreement
signed on behalf of such party. 
 (b) The Administrative Agent shall have received a duly executed promissory
note, dated the date hereof, payable to each Lender that has requested a promissory note pursuant to Section 2.10(e) in a principal amount equal to such Lender’s Committed Amount. 

(c) The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and
the Lenders and dated the Effective Date) of Akin 
  

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Gump Strauss Hauer & Feld LLP, counsel for the Borrower Parties, covering such matters relating to the Borrower Parties, this Agreement, the other Loan Documents and the Transactions as
the Required Lenders shall reasonably request. The Borrower hereby requests such counsel to deliver such opinion. 

(d) The Administrative Agent shall have received the following, in each case in form and substance satisfactory to the
Administrative Agent and its counsel: (i) copies of each Organizational Document executed and delivered by each Relevant Party and the General Partner, as applicable, and, to the extent applicable, certified as of a recent date by the
appropriate governmental official, each dated the Effective Date or a recent date prior thereto, (ii) signature and incumbency certificates of the officers of each Relevant Party and the General Partner executing any Loan Document on behalf of
such Relevant Party or the General Partner, (iii) resolutions of the board of directors or similar governing body of each Borrower Party, NEJD SPE 2 or the General Partner or a Borrower Party’s general partner approving and authorizing the
execution, delivery and performance of this Agreement and the other Loan Documents to which such Borrower Party, NEJD SPE 2 or the General Partner is a party or by which its assets may be bound as of the Effective Date by its secretary or any
assistant secretary as being in full force and effect without modification or amendment; (iv) a good standing certificate from the applicable Governmental Authority of each Relevant Party’s and the General Partner’s jurisdiction of
organization or formation and in each jurisdiction in which each such Person is qualified as a foreign corporation or other entity to do business, each dated a recent date prior to the Effective Date; and (v) such other documents as the
Administrative Agent may reasonably request. 
 (e) The Administrative Agent shall have received a certificate,
dated the Effective Date and signed by the President, a Vice President or a Financial Officer of the Borrower, confirming compliance with the conditions set forth in paragraphs (a) and (b) of Section 4.02 and certifying compliance
with Section 3.17 as of the Effective Date after giving effect to the Loans hereunder made on the Effective Date. 

(f) The Administrative Agent, the Arrangers and the Lenders shall have received all fees and other amounts due and payable
on or prior to the Effective Date, including, to the extent invoiced, reimbursement or payment of all out of pocket expenses required to be reimbursed or paid by the Borrower hereunder. 

(g) The Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower either
(i) attaching copies of all consents, licenses and approvals required or, in the discretion of the Administrative Agent, advisable in connection with the execution, delivery and performance by and the validity against each Borrower Party and
the General Partner of the Loan Documents to which it is a party, and such consents, licenses and approvals shall be in full force and effect, or (ii) stating that no such consents, licenses or approvals are so required. 

(h) The Administrative Agent shall have received a letter duly executed and delivered by the Process Agent dated on or
prior to the Effective Date pursuant to which it accepts its appointment as Process Agent for the General Partner and the Borrower Parties hereunder and under the other Loan Documents. 

 

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 (i) The Administrative Agent shall have received (i) the Guarantee and
Collateral Agreement, (ii) the General Partner Pledge Agreement, (iii) all necessary financing statements and financing statement amendments, (iv) amendments to all existing Mortgages reflecting the increase in the Committed Amounts
and the Maturity Date, as applicable, and (v) any other Security Documents or amendments thereto reasonably requested by the Administrative Agent for the creation and perfection of Liens in favor of the Secured Parties as contemplated by the
Loan Documents, in each case, duly completed and executed (as applicable) in sufficient number of counterparts and in proper form for recording, if necessary, and for perfecting Liens in favor of the Secured Parties on the Collateral covered thereby
and in form and substance satisfactory to the Administrative Agent. 
 (j) The Administrative Agent shall have
received a completed Perfection Certificate dated the Effective Date and executed by a Responsible Officer of the Borrower, together with all attachments contemplated thereby. 

(k) The Administrative Agent shall have received the certificates, if any, representing the Equity Interests (if
certificated) pledged on the Effective Date pursuant to the Security Documents, together with an undated stock power or equivalent for each such certificate executed in blank by a Responsible Officer of the pledgor thereof. 

(l) All other Property which the Administrative Agent shall, at such time, be entitled to have a Lien in its favor for the
benefit of the Secured Parties pursuant to any Loan Document shall have been physically delivered to the possession of the Administrative Agent or any bailee accepted by the Administrative Agent to the extent that such possession is necessary or
desirable for the purpose of perfecting the Administrative Agent’s Lien in such Collateral for the benefit of the Secured Parties. 

(m) The Administrative Agent shall have received (i) a certificate or certificates of insurance coverage evidencing
that the Borrower Parties are carrying insurance in accordance with Section 5.12, and the Borrower shall have used commercially reasonable efforts (as determined in the discretion of the Administrative Agent) to cause such certificates to
(A) show that no cancellation, material reduction in amount or material change in coverage thereof shall be effective until at least thirty days after receipt by the Administrative Agent of written notice thereof, and (B) name the
Administrative Agent as mortgagee (in the case of Real Property or, as applicable, Pipeline insurance) or additional insured on behalf of the Secured Parties (in the case of liability insurance) or loss payee (in the case of personal Property
insurance), as applicable, and (ii) a Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property on which a building or a mobile home is located. 

(n) The Borrower and the Subsidiaries shall have paid or made arrangements to pay all applicable recording taxes, fees,
charges, costs and expenses required for the recording of the Security Documents to be recorded on or about the Effective Date. 

(o) The Administrative Agent shall have received pro forma financial statements (giving effect to the use of
proceeds, the Transactions and the conversion of General Loans into Inventory Sublimit Financing Borrowings in accordance with Section 4.02(c) on the 

 

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Effective Date) for the Borrower and its Subsidiaries for the fiscal quarter ending March 31, 2010, which shall show compliance on a Pro Forma Basis with the financial
covenants set forth in Section 6.15 and shall be otherwise reasonably acceptable to the Arrangers. 
 (p)
The Arrangers shall have received financial projections of the Borrower and its Restricted Subsidiaries, including cash distributions expected from Joint Ventures and Unrestricted Subsidiaries, through the Maturity Date, which shall show compliance
on a Pro Forma Basis with the financial covenants set forth in Section 6.15 and shall be otherwise reasonably acceptable to the Arrangers. 

(q) The Administrative Agent shall have received appropriate Uniform Commercial Code search results for each jurisdiction
requested by the Administrative Agent reflecting no prior Liens encumbering the Property of the Borrower Parties, other than Liens being released on or prior to the Effective Date and Permitted Encumbrances. 

(r) (i) The Administrative Agent shall have received the Genesis Assignment and Assumption Agreement and the Agency
Assignment Documents, in each case, duly completed and executed (as applicable) in sufficient number of counterparts and in proper form for recording, if necessary, and for maintaining the perfection and priority of Liens in favor of the Secured
Parties on the Collateral covered thereby, (ii) each Hedging Agreement between Fortis Capital Corp. or an Affiliate thereof and a Borrower Party shall have been terminated, and (iii) the Borrower shall have paid any outstanding fees owed
to the Existing Issuing Bank under the Existing Credit Agreement with respect to the Existing Letters of Credit, in the case of (i) and (ii), in form and substance reasonably satisfactory to the Administrative Agent. 

(s) The Borrower Parties shall have provided the documentation and other information to the Lenders that is required by
regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and the Anti-Terrorism Laws. 

(t) The Administrative Agent shall have received a duly executed and delivered Borrowing Request in compliance with
Section 2.03 of this Agreement (it being understood that if the Borrower delivers a Borrowing Request (Financed Inventory) to finance New Financed Inventory on the Effective Date, the volumes used in making the calculations required by
Section 4.02(c) for such New Financed Inventory will be based on the Borrower’s reasonable good faith estimate with respect to such volumes). 

(u) The Administrative Agent shall have received such other documents as the Administrative Agent or special counsel to
the Administrative Agent may reasonably request. 
 The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date,
and such notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the Lenders to make additional Loans and of any Issuing Bank to issue additional Letters of Credit under this Agreement shall not become effective
unless each of the foregoing conditions is satisfied (or waived pursuant to Section 10.02). 
  

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 Without limiting the generality of the provisions of Article IX, for purposes of determining compliance with
the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to
or approved by or acceptable or satisfactory to the Administrative Agent, the Arrangers or the Lenders unless the Administrative Agent and the Arrangers shall have received notice from such Lender prior to the proposed Effective Date specifying its
objection thereto. 
 SECTION 4.02 Each Credit Event. The obligation of each Lender to make a Loan (including conversions
and continuations of Loans) on the occasion of any Borrowing, and of any Issuing Bank to issue, amend, renew or extend any Letter of Credit, is subject to the satisfaction of the following conditions: 

(a) The representations and warranties of the Borrower, the General Partner or any Relevant Party set forth in this
Agreement and the other Loan Documents shall be true and correct in all material respects on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable (except such
representations and warranties that are stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date). 

(b) At the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension
of such Letter of Credit, as applicable, no Default shall have occurred and be continuing. 
 (c) In the case of
any Inventory Financing Sublimit Borrowing, (i) all of the Petroleum Products to which such Inventory Financing Sublimit Borrowing relates (the “New Financed Inventory”) shall constitute Eligible Inventory, (ii) the price
risk relating to such New Financed Inventory shall have been fully hedged pursuant to a Hedging Agreement or sold forward pursuant to a sales contract (subject to immaterial deficiencies described in Section 5.17(b)), and (iii) the
Borrower shall have delivered to the Administrative Agent a Borrowing Request (Financed Inventory), whereby the Borrower certifies (A) as to clauses (i) and (ii) above, and (B) that the amount of such Inventory Financing Sublimit
Borrowing does not exceed an amount equal to the product of (1) 90% and (2) an amount equal to the sum of (x) the Sale Value of such New Financed Inventory that is subject to sales contracts measured as of the date of such Borrowing
plus (y) the Hedged Value of such New Financed Inventory that is not subject to sales contracts measured as of the date of such Borrowing minus (z) all related storage, transportation and other applicable costs reasonably
estimated by the Borrower to be applicable to such New Financed Inventory in the future. 
 Each Borrowing and each issuance, amendment, renewal
or extension of a Letter of Credit shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section 4.02. 

 

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 ARTICLE V 

AFFIRMATIVE COVENANTS 

Commencing on the date of this Agreement, until the Committed Amount has expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit (other than those that have been fully cash collateralized on customary terms reasonably acceptable to the Issuing Bank) shall have expired or terminated
and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that: 
 SECTION 5.01
Financial Statements; Ratings Change and Other Information. It will furnish to the Administrative Agent: 

(a) no later than 15 days following the date required by applicable SEC rules (without giving effect to any extensions
available thereunder) for the filing of such financial statements after the end of each fiscal year of the Borrower, (i) the audited consolidated balance sheet and related statements of operations, partners’ capital and cash flows of the
Borrower as of the end of and for such year, setting forth in each case in comparative form the figures from the previous fiscal year, all reported on by Deloitte and Touche LLP or other independent public accountants of recognized national standing
(without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the
financial condition, results and operations and cash flows of the Borrower and its consolidated subsidiaries on a consolidated basis in accordance with GAAP consistently applied, (ii) the unaudited consolidated balance sheet and related
statements of operations of the Borrower as of the end of and for such year with separate columns indicating amounts attributable to (x) NEJD SPE 2, (y) FS SPE 2, and (z) all Unrestricted Subsidiaries, other than NEJD SPE 2 and FS SPE
2, combined, and (iii) the unaudited consolidated balance sheet and related statements of operations of the Material Exempted Joint Ventures and other financial information related to the Material Exempted Joint Ventures, in each case with
respect to this clause (iii), to the extent (and in the form) that any Borrower Party received such financials or financial information; 

(b) as soon as available, but in any event within forty-five days of the end of the first three fiscal quarters of the
Borrower, (i) the unaudited consolidated balance sheet as of the end of such fiscal quarter, the unaudited consolidated statements of operations for such fiscal quarter and the then-elapsed portion of the fiscal year and the unaudited
consolidated statements of cash flows for the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of the
previous fiscal year) and the unaudited consolidated statement of partners’ capital for the then elapsed portion of the fiscal year, all certified by a Financial Officer of the Borrower as presenting fairly in all material respects the
financial condition and results of operations of the Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes,
(ii) the unaudited consolidated balance sheet as of the end of such fiscal quarter, the unaudited consolidated statements of operations for such fiscal quarter and the then-elapsed portion of the fiscal year and the unaudited consolidated
statements of cash flows for the then-elapsed portion of the fiscal year with separate columns indicating amounts attributable to (x) NEJD SPE 2, (y) FS SPE 2, and (z) all Unrestricted Subsidiaries, other than NEJD SPE 2 and FS SPE 2,
combined, and (iii) with respect to the Material Exempted Joint Ventures, the unaudited consolidated balance sheet as of the end of such fiscal quarter, the unaudited consolidated statements of operations for such fiscal quarter and the
then-elapsed portion of the fiscal year and other financial information related to the Material Exempted Joint Ventures, in each case with respect to this clause (iii), to the extent (and in the form) that any Borrower Party received such financials
or financial information; 
  

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 (c) (i) together with the financial statements delivered in clause
(a) above, the unaudited balance sheet and related statements of operations, owners’ capital and cash flows of each of NEJD SPE 2 and FS SPE 2 as of the end of and for such fiscal year, setting forth in each case in comparative form the
figures for the previous fiscal year, and (ii) together with the financial statements delivered in clause (b) above, for each of NEJD SPE 2 and FS SPE 2, the unaudited balance sheet as of the end of such fiscal quarter, the unaudited
statements of operations for such fiscal quarter and the then-elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the
end of the previous fiscal year), in the case of (i) and (ii) all certified by a Financial Officer of the Borrower as presenting fairly in all material respects the financial condition and results of operations of NEJD SPE 2 and FS SPE 2
in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes; 

(d) concurrently with any delivery of financial statements under clause (a), (b) or (c) above, a certificate of
a Financial Officer of the Borrower (i) certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) setting forth
reasonably detailed calculations demonstrating compliance with Section 6.15, and (iii) stating whether any change in GAAP or in the application thereof has occurred since the date of the audited financial statements referred to in
Section 3.04 and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate; 

(e) concurrently with any delivery of financial statements under clause (a) above, a certificate of a Financial
Officer of the Borrower either (i) attaching a supplement to the Perfection Certificate showing all changes and updates to the information disclosed in the Perfection Certificate since the later of the date of the Perfection Certificate or the
date the Perfection Certificate was last supplemented or (ii) confirming that there has been no change in the information disclosed in the Perfection Certificate since the later of the date of the Perfection Certificate or the date the
Perfection Certificate was last supplemented; 
 (f) concurrently with any delivery of financial statements under
clause (a) above, a certificate of the accounting firm that reported on such financial statements stating whether they obtained knowledge during the course of their examination of such financial statements of any Default (which certificate may
be limited to the extent required by accounting rules or guidelines and such accounting firm’s internal policies and procedures); 

(g) by the fifth Business Day of each calendar month, a Borrowing Base Certificate providing information as of the last
day of the immediately preceding calendar month; 
 (h) promptly upon their becoming available, true and correct
copies of (i) all financial statements, reports, notices and proxy statements sent by the Borrower to its unitholders and all registration statements, periodic reports and other statements and schedules filed by any

  

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Relevant Party or any Material Exempted Joint Venture with and as required by the SEC and made available on EDGAR, which shall be made available on the Borrower’s website, and (ii) as
reasonably requested by the Administrative Agent, all reports, forms and notices filed by any Relevant Party with FERC or any similar Governmental Authority; 

(i) promptly upon the receipt thereof by the Borrower or any other Borrower Party, a copy of any “management
letter” received by any such Person from its certified public accountants that indicates, in the reasonable good faith judgment of the General Partner’s board of directors, a potential material weakness in such Person’s internal
controls or procedures and the management’s responses thereto; 
 (j) on or before the first day of each
fiscal year of the Borrower, a copy of the annual budget and projections for such fiscal year for the Borrower and the Restricted Subsidiaries, including cash distributions expected from Joint Ventures and Unrestricted Subsidiaries, in form and
substance reasonably satisfactory to the Administrative Agent, accompanied by a certificate of a Financial Officer of the Borrower to the effect that such budget and projections have been prepared on the basis of sound financial planning practice
and that such Financial Officer has no reason to believe they are incorrect or misleading in any material respect; 

(k) within thirty days after the end of any fiscal quarter of the Borrower, a hedging position report in a form reasonably
satisfactory to the Administrative Agent; 
 (l) at any time upon or after the Borrower or any Restricted
Subsidiary having Indebtedness rated by Moody’s or S&P, prompt written notice of such rating or change in such rating; 

(m) a notice within the time period required by applicable SEC rules of it or any Restricted Subsidiary entering into or
terminating a Material Agreement, including, upon the request of the Administrative Agent, a copy of any new Material Agreement; and 

(n) promptly following any request therefor, such other information regarding the operations, business affairs and
financial condition of any Relevant Party or the Material Exempted Joint Ventures (including unaudited consolidating financial statements), or compliance with the terms of this Agreement and the other Loan Documents, as the Administrative Agent or
any Lender may reasonably request. 
 Any information that Borrower is required to deliver to the Administrative Agent or any Lender pursuant to
this Section 5.01 shall be deemed delivered if and when such information is filed on EDGAR or the equivalent thereof with the SEC. 

SECTION 5.02 Notices of Material Events. The Borrower will furnish to the Administrative Agent prompt written notice of the
following: 
 (a) the occurrence of any Default; 

(b) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority or
any other claim (i) that, if adversely determined, could reasonably be expected to have a Material Adverse Effect or (ii) relating to any Loan Document; 

 

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 (c) if and when any ERISA Affiliate (i) gives or is required to give
notice to the PBGC of any “reportable event” (as defined in Section 4043 of ERISA) with respect to any Plan which could reasonably be expected to constitute grounds for a termination of such Plan under Title IV of ERISA, or knows that
the plan administrator of any Plan has given or is required to give notice of any such reportable event, a copy of the notice of such reportable event given or required to be given to the PBGC; (ii) receives notice of complete or partial
Withdrawal Liability under Title IV of ERISA or notice that any Multiemployer Plan is in reorganization, is insolvent or has been terminated, a copy of such notice; (iii) receives notice from the PBGC under Title IV of ERISA of an intent to
terminate, impose liability (other than for premiums under Section 4007 of ERISA) in respect of, or appoint a trustee to administer any Plan, a copy of such notice; (iv) applies for a waiver of the minimum funding standard under
Section 412 of the Code, a copy of such application; (v) gives notice of intent to terminate any Plan under Section 4041(c) of ERISA, a copy of such notice and other information filed with the PBGC; (vi) gives notice of
withdrawal from any Plan pursuant to Section 4063 of ERISA, a copy of such notice; or (vii) fails to make any payment or contribution to any Plan or Multiemployer Plan or in respect of any Benefit Arrangement or makes any amendment to any
Plan or Benefit Arrangement which has resulted or could reasonably be expected to result in the imposition of a Lien or the posting of a bond or other security, a certificate of a Financial Officer of the Borrower setting forth details as to such
occurrence and action, if any, which the Borrower or applicable ERISA Affiliate is required or proposes to take, but only to the extent occurrences described in the preceding clauses (i) through (vii), individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect; 
 (d) any Environmental Claim or Environmental
Liability that could reasonably be expected to exceed $10,000,000 or more, or any notice of potential liability under Environmental Laws that might reasonably be expected to exceed such amount; 

(e) the occurrence of any material Casualty Event relating to Property of the Borrower or any other Relevant Party;

 (f) the incurrence of any material Lien against the Collateral unless such Liens are permitted by
Section 6.02; and 
 (g) any other development that has resulted in, or could reasonably be expected to
result in, a Material Adverse Effect. 
 Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or
other Responsible Officer of the Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

SECTION 5.03 Existence; Conduct of Business. 

(a) It will, and will cause each other Relevant Party to, do or cause to be done all things necessary to preserve, renew
and keep in full force and effect its legal existence, except 
  

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as otherwise permitted under Section 6.03 or Section 6.06 or, in the case of any other Relevant Party, where the failure to perform such obligation, individually or in the aggregate,
could not reasonably be expected to have a Material Adverse Effect. 
 (b) (i) It will do or cause to be done all
things necessary to obtain, preserve, renew, extend and keep in full force and effect the rights, licenses, leases, servitudes, easements, permits, privileges, franchises, authorizations, patents, copyrights, trademarks and trade names necessary for
the conduct of its and each other Relevant Party’s business; (ii) it will or will cause each other Relevant Party to maintain and operate such business in substantially the manner in which it is presently conducted and operated;
(iii) it will and will cause its subsidiaries and Joint Ventures to comply with all applicable Governmental Requirements (including any and all zoning, building, Environmental Law, ordinance, code or approval or any building permits or
restrictions of record or agreements affecting the Real Property or Pipelines) and decrees and orders of any Governmental Authority, whether now in effect or hereafter enacted; (iv) it will pay and perform and cause its Restricted Subsidiaries
to pay and perform its and their respective obligations under all leases and Loan Documents; and (v) it will at all times and will cause each other Relevant Party at all times to preserve and protect all Property material to the conduct of such
business and keep all such Property in good working order and condition (other than wear and tear occurring in the ordinary course of business or caused by Casualty Events) and from time to time make or cause to be made all needful and proper
repairs, renewals, additions, improvements and replacements thereto necessary in order that the business carried on in connection therewith may be properly conducted at all times, except in the case of each of clause (i) through (v) above,
where the failure to comply, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect; provided that nothing in this Section 5.03(b) shall prevent (x) sales of Property, consolidations or
mergers by or involving it or any other Relevant Party in accordance with Section 6.03 and Section 6.06, (y) the withdrawal by it or any other Relevant Party of its or their respective foreign qualification in any jurisdiction where
such withdrawal, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect or (z) the abandonment by it or any other Relevant Party of any rights, franchises, licenses, trademarks, trade names,
copyrights or patents that such Person reasonably determines are not useful to such Person’s business or are no longer commercially desirable. 

SECTION 5.04 Payment of Obligations and Taxes. It will, and will cause each of its Restricted Subsidiaries to, pay its and their
respective material Indebtedness and obligations promptly and in accordance with their terms and pay and discharge promptly when due all material Taxes, assessments and governmental charges or levies imposed upon it or them or its or their
respective income or profits in respect of its or their respective Property, before the same shall become delinquent or in default, as well as all material lawful claims for labor, services, materials and supplies or otherwise that, if unpaid, might
give rise to a Lien other than any Lien permitted by Section 6.02 upon such Properties or any part thereof, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) it or such
Restricted Subsidiary has set aside on its books adequate reserves or other appropriate provisions with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to have a
Material Adverse Effect. It will and will cause each other Relevant Party to timely file all material Tax returns. 
  

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 SECTION 5.05 Material Agreements. It will, and will cause each of its Restricted
Subsidiaries to (a) maintain in full force and effect each Material Agreement to which it is party except any such Material Agreement as shall expire by its terms, (b) observe and comply with the terms of each such Material Agreement and
enforce the observance and compliance thereof by the counterparties thereto, (c) maintain in full force and effect its Organizational Documents including the Partnership Agreement, and (d) observe and comply with the terms of such
Organizational Documents and enforce the observance and compliance thereof by the counterparties thereto, except, in each case, where the failure to so maintain, observe or comply, individually or in the aggregate, could not reasonably be expected
to have an adverse effect on the Administrative Agent, the Issuing Banks or the Lenders. 
 SECTION 5.06 Books and Records;
Inspection Rights. It will, and will cause each of its Restricted Subsidiaries to, in all material respects, keep proper books of record and account in which full, true and correct entries (in conformity with Governmental Requirements, as
applicable) allowing for financial statements to be prepared in conformity with GAAP are made of all dealings and transactions in relation to the Borrower’s Business and the business of each Material Subsidiary. Upon reasonable notice, it will,
and will cause each of its Restricted Subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender, to visit and inspect the financial records and Property (including the Eligible Inventory and the Hedging
Agreements and sales contracts related thereto) of such Person at reasonable times during normal business hours and as often as reasonably requested and at such time to make extracts from and copies of such financial records, and permit any
representatives designated by the Administrative Agent or any Lender to discuss the affairs, finances, accounts and condition of such Person with the officers and employees thereof and advisors thereof (including independent accountants).

 SECTION 5.07 Compliance with Laws. It will, and will cause each of its subsidiaries and Joint Ventures to, comply with
all laws, rules, regulations and orders of any Governmental Authority applicable to it or its Property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 SECTION 5.08 Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital
and general partnership purposes of the Borrower and the other Borrower Parties (including for distributions to holders of Equity Interests in the Borrower to the extent permitted by Section 6.08, to make Investments to the extent permitted by
Section 6.04, and to make Acquisitions to the extent permitted by Section 6.05). The Letters of Credit shall be used for general business purposes in the ordinary course of business. Notwithstanding anything in this Section 5.08 to
the contrary, no part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulation T, Regulation U and Regulation X. 

SECTION 5.09 Environmental Laws. 

(a) It shall at its sole expense: (i) comply and cause its and its subsidiaries’ and Joint Ventures’
Properties and operations to comply with all Environmental Laws, the violation of which could, individually or in the aggregate, reasonably be expected to have a 

 

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Material Adverse Effect, (ii) not dispose or permit any of its subsidiaries to dispose of or otherwise release any oil, oil and gas waste, Hazardous Material or solid waste on, under, about
or from any of its or its subsidiaries’ or Joint Ventures’ Property or any other Property to the extent caused by its or any of its subsidiaries’ or Joint Ventures’ operations, the disposal or release of which could, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect, (iii) timely obtain or file and cause each of its subsidiaries and Joint Ventures to timely obtain and file all notices, permits, licenses, exemptions, approvals,
registrations or other authorizations, if any, required under Environmental Law to be obtained or filed in connection with operation or use of its or its subsidiaries’ or Joint Ventures’ Properties, which failure to obtain or file could,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (iv) promptly commence or cause each of its subsidiaries and Joint Ventures to promptly commence and diligently prosecute to completion any assessment,
evaluation, investigation, monitoring, containment, clean-up, removal, repair, restoration, remediation or other remedial obligations (collectively, the “Remedial Work”) in the event any Remedial Work is required or reasonably
necessary under Environmental Law because of or in connection with the actual or alleged past, present or future disposal or other release or any oil, oil and gas waste, Hazardous Material or solid waste on, under, about or from any of its or any of
its subsidiaries’ or Joint Ventures’ Properties, which failure to commence and diligently prosecute to completion could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, and (v) establish and
implement and cause each of its subsidiaries and Joint Ventures to establish and implement such procedures as may be necessary to continuously determine and assure that its and its subsidiaries’ and Joint Ventures’ obligations under this
Section 5.09(a) are timely and fully satisfied, which failure to establish and implement could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(b) If a Default caused by reason of a breach of Section 3.21 or Section 5.09(a) shall have occurred and be
continuing for more than twenty days after it or its subsidiaries or Joint Ventures become aware of such Default without it or its subsidiaries or Joint Ventures commencing activities reasonably likely to cure such Default or otherwise responding to
such Default as required by Environmental Laws, then at the reasonable request of the Administrative Agent or the Required Lenders, it will provide or (to the extent it has the power and right) cause its subsidiaries or Joint Ventures to provide, at
its expense, an environmental assessment report regarding the matters that are the subject of such Default, prepared by an environmental consulting firm and in form and substance reasonably acceptable to the Administrative Agent indicating the
environmental conditions creating the Default and the estimated cost of any compliance or response to address them; provided, however, that it will not be required to conduct any invasive procedures in connection with any such
assessment. If any invasive procedures are performed in connection with any such assessment, it will provide or cause its Subsidiaries to provide information relating to such invasive procedures to the Administrative Agent. 

SECTION 5.10 Additional Collateral; Additional Guarantors. 

(a) With respect to any right, title or interest of it or any of its Restricted Subsidiaries in (x) Equity Interests,
Real Property, Pipelines or other Property of a type subject to the Security Documents and acquired after the date of this Agreement (other than from Organic Growth) or (y) any Property of a type subject to the Security Documents and arising

  

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from Organic Growth, in the case of (x) or (y) other than Covered Property or Excluded Property (it being understood that the exception for Excluded Property herein is not intended to
prevent the granting or perfection of security interests in Excluded Property to the extent such can be accomplished solely pursuant to the Guarantee and Collateral Agreement and the General Partner Pledge Agreement without amendment thereto (other
than joinders and similar documents that may be required as a result of Sections 5.10(b) or (c) below) and the filing of a UCC-1 financing statement), it will, in the case of (x), no later than the date that is 30 calendar days after such
acquisition is consummated, or in the case of (y), prior to or concurrently with the next delivery of financial statements under Section 5.01(a) or (b), (i) deliver a certificate similar to that required by Section 5.01(e) solely with
respect to any such Property and (ii) grant or cause to be granted to the Administrative Agent for the benefit of the Secured Parties a First Priority Lien of record on all such Equity Interests, Real Property, Pipelines and other Property
(with no other Liens other than Permitted Encumbrances), upon terms substantially the same as those set forth in the Security Documents for Property of a similar type, complete such other actions as would have been necessary to satisfy the
conditions set forth in Section 4.01 or in the definition of Real Property Requirements had such Property been owned thereby on the date of this Agreement, complete such other actions as may be reasonably requested by the Administrative Agent
pursuant to Section 5.11, provide such legal opinions as may be reasonably requested by the Administrative Agent and pay, or cause to be paid, all taxes and fees related to any necessary registration, filing or recording in connection
therewith; provided however, that, without limiting the right of the Administrative Agent to request legal opinions as described above, in the case of any New Pipeline, the Borrower and the Restricted Subsidiaries shall be deemed to have
caused a Lien of record to have been so granted, and such actions so taken, and any requirement herein otherwise with respect to the creation or perfection of a Lien thereon shall be deemed duly satisfied, in each case so long as a duly completed
UCC financing statement indicating such new Pipeline as collateral and specifying the debtor as a “transmitting utility” has been duly filed in the central filing office of the state in which such New Pipeline is located and other
jurisdictions as may be reasonably requested by the Administrative Agent, in each case in form and substance reasonably acceptable to the Administrative Agent (but without the filing or recording of a Mortgage in any real property record with
respect to such New Pipeline being required). 
 (b) It will cause each Restricted Subsidiary that is created or
acquired subsequent to the date of this Agreement to become a party to each applicable Loan Document, including the Guarantee and Collateral Agreement, and to promptly execute and deliver to the Administrative Agent all such documents, agreements
and instruments necessary to accomplish such obligation, including supplements to the Perfection Certificate and legal opinions (if reasonably requested by the Administrative Agent) relating to such Restricted Subsidiary, which opinions shall be in
form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. It will, or will cause its Restricted Subsidiaries to, pledge all of the Equity Interests of such newly created or acquired Restricted Subsidiary (including
delivery of original stock certificates or other certificates evidencing the Equity Interests of such Restricted Subsidiary, if any, together with an appropriate undated stock power for each certificate duly executed in blank by the registered owner
thereof) to the Administrative Agent. The Borrower shall cause 100% of the Equity Interests owned directly or indirectly by the Borrower or the General Partner in all Restricted Subsidiaries to be pledged to the Administrative Agent at all times
pursuant to the Guarantee and Collateral Agreement or, if the pledgor thereof is the General Partner, pursuant to the General Partner Pledge Agreement or a substantially similar agreement reasonably satisfactory to the Administrative Agent.

  

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 (c) With respect to each Unrestricted Subsidiary and Joint Venture, it will
pledge or cause each Restricted Subsidiary that owns any Equity Interests in any Unrestricted Subsidiary or Joint Venture to pledge all of the Equity Interests that are in a domestic Unrestricted Subsidiary and/or a domestic Joint Venture owned (of
record) by it, and 65% of the voting Equity Interests that are in a foreign Unrestricted Subsidiary and/or a foreign Joint Venture owned (of record) by it; provided that a pledge of such Equity Interests shall not be required (i) with
respect to the Equity Interests of NEJD SPE 2 owned by NEJD SPE 1, (ii) with respect to the Equity Interests of FS SPE 2 owned by FS SPE 1, or (iii) if (x) such Equity Interests are otherwise required to be pledged in order to secure
the Non-Recourse Obligations of such Unrestricted Subsidiary or Joint Venture or to secure the obligations of the Borrower Party that directly owns such Equity Interests pursuant to a Guarantee permitted by Section 6.01(e), or (y) with
respect to Joint Ventures, (A) the Organizational Documents of such Joint Venture prohibit such pledge or (B) such Equity Interests are otherwise required to be pledged to secure obligations to the other holders of Equity Interests in such
Joint Venture; provided that in the event such Equity Interests are required to be so pledged, the direct parent of the Restricted Subsidiary that owns such pledged Equity Interests shall have pledged (pursuant to the Guarantee and Collateral
Agreement) 100% of the Equity Interests of such Restricted Subsidiary. 
 SECTION 5.11 Security Interests; Further
Assurances. Promptly upon the reasonable request of the Administrative Agent or any Lender, at its expense, it will execute, acknowledge and deliver, and cause its Restricted Subsidiaries to execute, acknowledge and deliver and thereafter
register, file or record, and cause its Restricted Subsidiaries to register, file or record, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the
Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no other Liens thereon except for Permitted Encumbrances, or obtain any consents or
waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents,
authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security
Documents. Upon the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental
Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Agent
or the Required Lenders determine that they are required by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent
appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent. 

 

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 SECTION 5.12 Insurance. Except as disclosed in Schedule 5.12: 

(a) Generally. It will and will cause its Restricted Subsidiaries to keep its and their respective insurable
Property adequately insured at all times by reputable insurers that are, to the respective Knowledge of it or such Restricted Subsidiary, financially sound; and maintain other insurance, to such extent and against such risks as is customary with
companies in the same or similar businesses operating in the same or similar locations, including insurance with respect to Mortgaged Properties and other properties material to the Borrower’s Business or material to the business of any
Material Subsidiary against such casualties and contingencies and of such types and in such amounts with such deductibles as is customary in the case of similar businesses operating in the same or similar locations. 

(b) Requirements of Insurance. The Borrower shall use commercially reasonable efforts to cause such insurance to
(i) provide that no cancellation, material reduction in amount or material change in coverage thereof shall be effective until at least thirty days after receipt by the Administrative Agent of written notice thereof, and (ii) name the
Administrative Agent as mortgagee (in the case of Real Property or, as applicable, Pipeline insurance) or additional insured on behalf of the Secured Parties (in the case of liability insurance) or loss payee (in the case of personal Property
insurance), as applicable. All such insurance shall be reasonably satisfactory in all other respects to the Administrative Agent. 

(c) Certificates. Concurrently with the annual renewal of the insurance required to be maintained pursuant to this
Section 5.12, if requested by the Administrative Agent, the Borrower shall deliver a certificate or certificates of insurance showing that all insurance required to be maintained pursuant to this Section 5.12 has been obtained and is in
effect to the Administrative Agent. 
 (d) Flood Insurance. With respect to each portion of Mortgaged
Property (other than Pipelines) on which improvements are located, it will and will cause its Restricted Subsidiaries to obtain flood insurance in such total amount as the Administrative Agent or the Required Lenders may from time to time require,
if at any time the area in which any improvements located on any Mortgaged Property is designated a “flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), and
otherwise comply with the National Flood Insurance Program as set forth in the Flood Disaster Protection Act of 1973, as amended from time to time. 

SECTION 5.13 Agreements Respecting Unrestricted Subsidiaries and Foreign Subsidiaries. 

(a) It will operate each Unrestricted Subsidiary in such a manner as to make it apparent to all creditors of such
Unrestricted Subsidiary that such Unrestricted Subsidiary is a legal entity separate and distinct from the Borrower or any Restricted Subsidiary and as such is solely responsible for its debts and other obligations. 

(b) It will, in connection with any Indebtedness or Guarantee obligations incurred by each Unrestricted Subsidiary, except
as permitted pursuant to Section 5.13(c) and Section 6.04(g) and except in respect of the NEJD Transaction Documents or the NEJD Intercompany Financing Agreements, (i) cause such Unrestricted Subsidiary to incur such Indebtedness only
as a Non-Recourse Obligation, and (ii) cause such Unrestricted Subsidiary to 
  

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incur any such Indebtedness or Guarantee obligations relating to borrowed money in excess of $5,000,000 only under a loan agreement, note, lease, instrument or other agreement that expressly
states that such Indebtedness is being incurred by such Unrestricted Subsidiary as a Non-Recourse Obligation (for the avoidance of doubt, this clause (ii) is not intended to limit the restrictions set forth in Section 5.13 or
Section 6.04 or elsewhere in the Loan Documents); provided that no such agreement, note, lease, instrument or other agreement shall be required to include such statement if such agreement, note, lease, instrument or other agreement was
in effect on the date such Person became an Unrestricted Subsidiary. 
 (c) Notwithstanding any provision of the
Loan Documents to the contrary, the Borrower and the other Borrower Parties may incur Guarantee obligations in the ordinary course of business consisting of Guarantees of performance obligations of Unrestricted Subsidiaries as long as such
Guarantees do not constitute Guarantees of payment or Guarantees of performance of obligations that would result in the payment of any Indebtedness; provided, that the amount that has been or could reasonably be expected to be incurred
pursuant to all such performance Guarantees is not greater than $1,000,000 in the aggregate. 
 (d) It will
designate and maintain each Foreign Subsidiary as an Unrestricted Subsidiary. 
 SECTION 5.14 Disposition of NEJD SPE 2
Property. Without limiting the restrictions set forth in Section 6.03, upon any conveyance, sale, lease, sublease, assignment, transfer or other disposition of any material Property of NEJD SPE 2, it will cause NEJD SPE 1 to cause NEJD SPE
2 to (i) conduct such conveyance, sale, lease, sublease, assignment, transfer or other disposition in all material respects only to the extent permitted by and in compliance with the terms and provisions of the NEJD Transaction Documents,
(ii) convey, sell, lease, sublease, assign, transfer or otherwise dispose of such Property in all material respects for fair market value, and (iii) after payment in full of the NEJD Intercompany Note, distribute the net cash proceeds of
such conveyance, sale, lease, sublease, assignment, transfer or other disposition to NEJD SPE 1. 
 SECTION 5.15
Reimbursement for Costs. Until such time as the DG Marine Joint Ventures become Restricted Subsidiaries, it will cause (a) DG Marine Transportation to reimburse the Borrower and/or the General Partner, as applicable, for costs incurred
by the Borrower and/or the General Partner in connection with the DG Marine Transportation Employee Benefit Arrangements and (b) the applicable DG Marine Joint Venture to reimburse the Borrower and/or the applicable Affiliate of the Borrower,
as applicable, for costs incurred by the Borrower and/or such Affiliate of the Borrower in connection with the DG Marine Joint Ventures Administrative Arrangements. 

SECTION 5.16 Compliance with Risk Management Requirements. It will, and will cause each of its Restricted Subsidiaries to, comply
with the terms of the requirements set forth on Schedule 5.16 (“Risk Management Requirements”) with respect to all Financed Eligible Inventory and all Hedging Agreements and forward sale contracts related thereto. 

 

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 SECTION 5.17 Inventory Financing Sublimit Tranche. 

(a) It will provide prompt notice of any change, amendment or modification that occurs with respect to a Hedging Agreement
or sales contract related to Financed Eligible Inventory to the extent that such change, amendment or modification relates to the timing or amount of payments thereunder or would cause a prepayment to be required under Section 2.11(d).

 (b) It will, and will cause each of its Restricted Subsidiaries to, maintain full Hedging Agreements or
forward sale contracts at all times with respect to Financed Eligible Inventory; provided that the unavailability of derivatives with respect to the precise type of Petroleum Product that constitutes given Financed Eligible Inventory, basis
differentials that cannot be fully hedged, or similar circumstances, shall not result in given Financed Eligible Inventory being considered to be not “fully hedged” for purposes of this clause (b), so long as the Borrower is in good faith
attempting to cause its commodity price risk with respect to such Financed Eligible Inventory to be minimized as reasonably possible. 

SECTION 5.18 Post-Effective Date Items. It will execute and deliver the documents and complete the tasks set forth on Schedule
5.18, in each case within the time limits specified on such schedule, as such time limits may be extended by the Administrative Agent in its reasonable discretion. 

ARTICLE VI 

NEGATIVE COVENANTS 

Commencing on the date of this Agreement, until the Committed Amount has expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder have been paid in full and all Letters of Credit (other than those that have been fully cash collateralized on customary terms reasonably acceptable to the Issuing Bank) have expired or terminated and all LC
Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that: 
 SECTION 6.01
Indebtedness and Disqualified Equity. It will not, and will not permit any of its Restricted Subsidiaries to, create, incur, assume or permit to exist any Indebtedness or Disqualified Equity, except: 

(a) Indebtedness incurred pursuant to this Agreement (including the Existing Letters of Credit); 

(b) Indebtedness existing on the Effective Date and set forth in Schedule 6.01 and extensions, renewals and
replacements of any such Indebtedness that do not increase the outstanding principal amount thereof; 
 (c)
Indebtedness or Disqualified Equity of the Borrower to any Restricted Subsidiary and of any Restricted Subsidiary to the Borrower or any other Restricted Subsidiary; 

 

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 (d) Guarantees by any Borrower Party of obligations of the Borrower or any
Restricted Subsidiary that are otherwise permitted hereunder; 
 (e) Indebtedness pursuant to Hedging Agreements
permitted pursuant to Section 6.07; 
 (f) Indebtedness of any Borrower Party owing in connection with
deferred payments of insurance premiums; provided that all such Indebtedness of all Borrower Parties shall not exceed $15,000,000 outstanding at any one time; 

(g) Indebtedness or Disqualified Equity of a Restricted Subsidiary assumed by such Restricted Subsidiary in connection
with any Acquisition permitted pursuant to Section 6.05 (or, if such Restricted Subsidiary is acquired as part of such Acquisition, existing prior thereto); provided that (i) such Indebtedness or Disqualified Equity shall only be
secured to the extent permitted by Section 6.02(h), (ii) such Indebtedness or Disqualified Equity exists at the time of such Acquisition at least in the amounts assumed in connection therewith and is not drawn down, created or increased in
contemplation of or in connection with or subject to such Acquisition, and (iii) no Person, other than the obligor or obligors thereon at the time of such acquisition, shall become liable for such Indebtedness or Disqualified Equity;

 (h) Indebtedness in respect of Purchase Money Obligations and refinancings or renewals thereof;
provided that (i) such Indebtedness shall only be secured to the extent permitted by Section 6.02(f) and (ii) such Indebtedness, together with all Indebtedness outstanding under clauses (i) and (k) of this
Section 6.01, shall not exceed, in the aggregate at any one time, 10% of Consolidated Net Tangible Assets as of the most recent delivery of financial statements pursuant to Section 5.01(a) or Section 5.01(b); 

(i) Indebtedness constituting current trade liabilities; provided that such Indebtedness, together with all
Indebtedness outstanding under clauses (h) and (k) if this Section 6.01, shall not exceed, in the aggregate at any one time, 10% of Consolidated Net Tangible Assets as of the most recent delivery of financial statements pursuant to
Section 5.01(a) or Section 5.01(b); 
 (j) other unsecured Indebtedness thereof or Disqualified Equity
issued by one or both of the Borrower and Finance Co and Guarantees thereof by any Restricted Subsidiary; provided that (i) such Indebtedness or Disqualified Equity shall (A) not have a scheduled final maturity date, or require any
scheduled amortization or other scheduled payments of principal earlier than six months after the Maturity Date, (B) have no financial maintenance covenants that are more restrictive than those in this Agreement, (C) have no other
covenants or events of default that, taken as a whole, are more restrictive than those in this Agreement and (D) have no mandatory prepayment or redemption provisions other than prepayments required as a result of a “change of
control” or asset sale, (ii) no Default or Event of Default exists or would exist immediately after the issuance of such Indebtedness or Disqualified Equity, and (iii) no Subsidiary that is not also a Guarantor shall guarantee such
Indebtedness; 
 (k) Guarantees by any Borrower Party of (i) Indebtedness of one or more Joint Ventures and
(ii) certain obligations of each of the Borrower and Genesis Marine under the DG 
  

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Marine Contribution and Sale Agreement after the DG Marine Agreement Contribution, including the guarantee by the Borrower in connection with such agreement; provided that such
Indebtedness, together with all Indebtedness outstanding under clauses (h) and (i) of this Section 6.01, shall not exceed, in the aggregate at any one time, 10% of Consolidated Net Tangible Assets as of the most recent delivery of
financial statements pursuant to Section 5.01(a) or Section 5.01(b); and 
 (l) such other Indebtedness
or Disqualified Equity not otherwise permitted by the foregoing clauses of this Section 6.01; provided, that all such Indebtedness and Disqualified Equity (i) shall not exceed $5,000,000 outstanding at any one time and
(ii) shall be unsecured. 
 SECTION 6.02 Liens. It will not, and will not permit any other Relevant Party to,
create, incur, assume or permit to exist any Lien on any Property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except: 

(a) Permitted Encumbrances; 

(b) Liens entered into under the Loan Documents, including the Security Documents; 

(c) any Lien on any Property or asset of it or any other Borrower Party existing on the date hereof and set forth in
Schedule 6.02; provided that (i) such Lien shall not apply to any other Property or asset of the Borrower or any Restricted Subsidiary and (ii) such Lien shall secure only those obligations which it secures on the date hereof
and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof; 

(d) Liens created pursuant to construction, operating, reciprocal easements, farmout and maintenance agreements, space
lease agreements, joint venture agreements and related documents (to the extent requiring a Lien on the Equity Interest owned by any Borrower Party in the applicable Joint Venture is required thereunder), division order, contracts for sale,
transportation or exchange of oil and natural gas, unitization and pooling declarations and agreements, area of mutual interest agreements and other similar agreements, in each case having ordinary and customary terms (including with respect to
Liens) and entered into in the ordinary course of business and securing obligations other than Indebtedness; 

(e) Liens (i) represented by the escrow of cash or Permitted Investments securing the obligations of any Borrower
Party under any agreement to acquire, or pursuant to which it acquired, any Property, which Liens secure the obligations of such Borrower Party to the seller of such Property, or (ii) on assets pursuant to merger agreements, stock or asset
purchase agreements and similar agreements in respect of the disposition of such assets, provided that such acquisition or agreement is permitted pursuant to the terms of this Agreement; 

(f) purchase money Liens on Property to secure Indebtedness permitted by Section 6.01(h), or renewals or refinancings
of any of the foregoing Liens for the same or a lesser amount; provided, however, that (i) the aggregate amount of such Indebtedness secured by such Liens shall not exceed $25,000,000 in the aggregate at any one time, (ii) no such
Lien may extend to or cover (A) Equity Interests or (B) any Property other than the Property being 
  

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acquired and improvements and accessions thereto and proceeds thereof, (iii) no such renewal or refinancing may extend to or cover any Property not previously subject to the Lien being
renewed or refinanced, and (iv) the Indebtedness secured thereby does not exceed the cost or fair market value, whichever is lower, of the Property being acquired on the date of acquisition; 

(g) Liens expressly permitted by Section 5.10(c)(iii); and 

(h) Liens securing Indebtedness permitted by Section 6.01(g), or renewals or refinancings of any of the foregoing
Liens for the same or a lesser amount; provided that (i) no such Lien may extend to or cover Equity Interests, (ii) any such Liens attach only to the Property acquired in such acquisition (and improvements and accessions thereto and
proceeds thereof) secured by such Indebtedness immediately prior thereto and do not encumber any other Property of any Borrower Party and (iii) neither the aggregate amount of such Indebtedness nor the aggregate fair market value of the
Property securing it may exceed $30,000,000 at any one time. 
 SECTION 6.03 Fundamental Changes; Limitations on
Business. 
 (a) It will not, and will not permit any other Relevant Party to, merge into or consolidate with
any other Person, or permit any other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or substantially all of the assets of the Borrower and its
Restricted Subsidiaries, taken as a whole, or all or substantially all of the Equity Interests of its Restricted Subsidiaries (taken as a whole) or NEJD SPE 2 (in each case, whether now owned or hereafter acquired), or liquidate or dissolve, except
(other than in respect of NEJD SPE 2) for transactions permitted by Section 6.05 or 6.06, and except (other than in respect of NEJD SPE 2) that, if at the time thereof and immediately after giving effect thereto no Default shall have occurred
and be continuing (i) any Restricted Subsidiary may merge into the Borrower in a transaction in which the Borrower is the surviving corporation, (ii) any Restricted Subsidiary may merge into any other Restricted Subsidiary in a transaction
in which the surviving entity is a Borrower Party and (iii) any immaterial Subsidiary may liquidate or dissolve if the Borrower determines in good faith that such liquidation or dissolution is in the best interests of the Borrower and is not
materially disadvantageous to the Issuing Banks or the Lenders. 
 (b) It will not and will not permit any of its
Restricted Subsidiaries to engage to any material extent in any business other than (i) refining services, gathering, transporting (by barge, pipeline, ship, truck or other modes of transportation), terminalling, storing, producing, acquiring,
developing, exploring for, processing, dehydrating, marketing, trading, fractionating and otherwise handling hydrocarbons (including crude oil, natural gas, condensate, natural gas liquids, liquefied natural gas, refined petroleum products and
petrochemicals), sulfur, sodium chloride, carbon dioxide, sodium hydrosulfide and caustic soda, including constructing pipeline, platform, dehydration, processing and other related facilities, activities, services or derivative products related or
ancillary thereto, (ii) businesses of the type conducted by it and its Subsidiaries and Joint Ventures as of the date of this Agreement and businesses reasonably related thereto, and (iii) any other businesses as long as the consolidated
total assets principally relating to such other businesses, taken together, would not constitute greater than 5% of consolidated total assets. 
  

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 (c) It will not permit any Restricted Subsidiary which is a general partner
in or owner of a general partnership interest in an Unrestricted Subsidiary or a Joint Venture to acquire any material Property after the Effective Date (or, if later, the date of acquisition or formation of such Joint Venture) except for
distributions made to it by such Unrestricted Subsidiary or Joint Venture or other rights or interests relating to such Unrestricted Subsidiary or Joint Venture; or permit any Restricted Subsidiary which is a general partner in or owner of a general
partnership interest in an Unrestricted Subsidiary or Joint Venture to engage in any material business or activity other than holding the Equity Interest in and other rights or interests relating to such Unrestricted Subsidiary or Joint Venture held
by it on the Effective Date (or, if later, the date of formation or acquisition of such Joint Venture). With respect to Unrestricted Subsidiaries and Joint Ventures formed after the Effective Date, it will not, and will not permit any other Borrower
Party to, permit any Restricted Subsidiary to be the general partner in or owner of a general partnership interest in such Joint Venture or Unrestricted Subsidiary, unless such Restricted Subsidiary is a corporation or a limited liability company.

 (d) It will not and will not permit any of its subsidiaries or Joint Ventures to Control, or own directly or
indirectly any Equity Interests in, the General Partner. 
 (e) It will not permit NEJD SPE 1 or NEJD
SPE 2 to (i) enter into any business or transactions other than the NEJD Transaction, the NEJD Transaction Documents (as in effect on May 30, 2008 or as amended in accordance with the Loan Documents), the NEJD Intercompany Financing
Agreements and the Loan Documents related thereto, and activities incidental to the foregoing or (ii) own Property except as is necessary to conduct the business and transactions described in clause (i). 

SECTION 6.04 Investments, Loans, Advances, and Guarantees. It will not, and will not permit any of its Restricted Subsidiaries to,
purchase, hold or acquire (including pursuant to any merger with any Person that was not a Wholly Owned Subsidiary prior to such merger) any Equity Interest, evidences of Indebtedness or other securities (including any option, warrant or other right
to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any Investment or any other interest in, any other Person, except: 

(a) Permitted Investments; 

(b) Investments by it existing on the date hereof and set forth on Schedule 6.04, and additional Investments in the
Equity Interests of its Restricted Subsidiaries; 
 (c) loans or advances made by the Borrower to any Restricted
Subsidiary and by any Restricted Subsidiary to the Borrower or to any other Restricted Subsidiary; 
 (d)
performance Guarantees issued by any Borrower Party guaranteeing the obligations of (i) the Borrower or any Restricted Subsidiary and by any Restricted Subsidiary guaranteeing the obligations of the Borrower or any other Restricted Subsidiary,
(ii) Unrestricted Subsidiaries as permitted by Section 5.13(c), and (iii) until such time as the DG Marine Joint Ventures become Restricted Subsidiaries, Genesis Marine under the DG Marine Contribution and Sale Agreement or the DG
Marine Joint Ventures Administrative Arrangements; 
  

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 (e) Guarantees constituting Indebtedness permitted by Section 6.01;

 (f) Permitted Acquisitions; 

(g) Investments in Unrestricted Subsidiaries, in an amount not to exceed $25,000,000 in the aggregate outstanding at any
one time during the term of this Agreement; 
 (h) Investments evidenced by Hedging Agreements permitted by
Section 6.07; 
 (i) the contribution by the Borrower or any Restricted Subsidiary of the Equity Interests
owned by it in a Joint Venture to another Joint Venture or the investment by the Borrower or any Restricted Subsidiary in another Joint Venture to the extent made with Equity Interests in a Joint Venture owned by it as long as the Borrower or such
Restricted Subsidiary receives in exchange equity interests in such transferee Joint Venture; 
 (j) Investments
(i) consisting of extensions of credit in the nature of accounts receivable arising from the grant of trade credit in the ordinary course of business and Investments by the Borrower or any other Borrower Party in satisfaction or partial
satisfaction thereof from financially troubled account debtors to prevent or limit financial loss or (ii) consisting of the acquisition of securities in connection with the bankruptcy or reorganization of suppliers and customers; 

(k) (i) an equity contribution to FS SPE 2 in an aggregate amount not to exceed $50,000,000 during the term of this
Agreement and (ii) a term loan made by NEJD SPE 1 to NEJD SPE 2 in a principal amount equal to $175,000,000, made on May 30, 2008 pursuant to the terms of the NEJD Intercompany Note, for the purpose of enabling NEJD SPE 2 to pay an equal
amount to Onshore pursuant to the NEJD Transaction Documents on May 30, 2008; provided, that such loan shall at all times be evidenced by the NEJD Intercompany Note and be secured by the NEJD Intercompany Collateral pursuant to the NEJD
Intercompany Security Documents; 
 (l) the DG Marine Agreement Contribution; 

(m) until such time as the DG Marine Joint Ventures become Restricted Subsidiaries, Investments in the DG Marine Joint
Ventures in an amount not to exceed $60,000,000 at any one time outstanding (which amount shall include any consideration paid for the initial investment in the DG Marine Joint Ventures) in the form of capital contributions or other equity
investments, the DG Marine Transportation Subordinated Debt, or a combination of both capital contributions or other equity investments and the DG Marine Transportation Subordinated Debt; 

(n) advances to Affiliates with respect to tax distributions in an aggregate amount outstanding at any one time not to
exceed $5,000,000; 
 (o) Investments in Permitted Joint Ventures; provided that, immediately before and
immediately after the consummation of, acquisition of or Investment in each such Joint Venture, at least $50,000,000 in aggregate unfunded Committed Amounts is available to be 

 

 94 

 
drawn, and if $50,000,000 were to be borrowed at such time (regardless of whether such a Borrowing is contemplated), no Default would occur and the Borrower would be in pro forma compliance with
the covenants set forth in Section 6.15 after giving effect to such Borrowing; and 
 (p) such other
Investments not otherwise permitted by the foregoing clauses in this Section 6.04; provided, that all such Investments shall not exceed $5,000,000 outstanding at any one time. 

SECTION 6.05 Acquisitions. It will not, and will not permit any of its Restricted Subsidiaries to, purchase or otherwise acquire
(in one transaction or a series of transactions) any assets of any other Person outside of the ordinary course of business except (a) acquisitions solely among the Borrower Parties, (b) Permitted Acquisitions, (c) Organic Growth and
(d) Investments permitted pursuant to Section 6.04. 
 SECTION 6.06 Sale of Assets. It will not, and will not
permit any of its Restricted Subsidiaries to, enter into any Divestiture or any other conveyance, sale, lease, sublease, assignment, transfer, or other disposition of any Property, or issue or dispose of any Equity Interests of any Subsidiary to any
Person other than a Borrower Party, except: 
 (a) sales of inventory and cash or Permitted Investments in the
ordinary course of business; 
 (b) disposition of used, worn out, obsolete or surplus Property in the ordinary
course of business; 
 (c) leases of Real Property or personal Property to third parties in the ordinary course
of business; 
 (d) any disposition of assets, or issuance or disposition of Equity Interests, by the Borrower to
any Restricted Subsidiary (except that the Borrower shall not issue Equity Interests to a Restricted Subsidiary) and by any Restricted Subsidiary to the Borrower or to any other Restricted Subsidiary; 

(e) transfers of assets into a Joint Venture or Unrestricted Subsidiary so long as such Joint Venture or Unrestricted
Subsidiary is permitted pursuant to Section 6.04; provided that the fair market value of the assets transferred shall count against the amount of investments permitted by Section 6.04(g); 

(f) the sale or other disposition of any Unrestricted Subsidiary, other than NEJD SPE 2, or any Joint Venture; 

(g) dispositions of overdue accounts receivable in the ordinary course of business in connection with the compromise or
collection thereof; 
 (h) the disposition of the Fuel Masters, LLC business (whether directly or indirectly by
sale of the applicable assets and/or liabilities or equity interests); 
  

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 (i) as long as no Default or Event of Default has occurred and is continuing
or would result therefrom, the Borrower Parties may sell or otherwise dispose of Property (other than Equity Interests in NEJD SPE 2) if 75% of the consideration therefor is cash or Permitted Investments paid to a Borrower Party; provided,
that the aggregate cash proceeds and other consideration therefor (excluding customary fees, expenses, costs and Taxes paid in connection with the consummation of such sale or disposition) received by the Borrower Parties in any twelve month period
resulting from all such sales or dispositions, together with the value of all consideration received during such twelve month period pursuant to clause (j) of this Section 6.06, shall not exceed $20,000,000; and 

(j) as long as no Default or Event of Default has occurred and is continuing or would result therefrom, the Borrower
Parties may sell or otherwise dispose of Property (other than Equity Interests in NEJD SPE 2) if less than 75% of the consideration therefor is cash or Permitted Investments paid to a Borrower Party; provided, that the aggregate cash proceeds
and other consideration therefor (excluding customary fees, expenses, costs and Taxes paid in connection with the consummation of such sale or disposition) received by the Borrower Parties in any twelve month period resulting from all such sales or
dispositions shall not exceed $5,000,000. 
 To the extent the Required Lenders waive the provisions of this Section 6.06 with respect to
the disposition of any Collateral, or any Collateral is disposed as permitted by this Section 6.06, such Collateral (unless disposed of to a Borrower Party) shall be sold free and clear of the Liens created by the Security Documents, and the
Administrative Agent shall take all actions it deems appropriate in order to effect the foregoing. 
 SECTION 6.07 Hedging
Agreements. It will not, and will not permit any of its subsidiaries or Joint Ventures to, enter into any Hedging Agreement, except for Hedging Agreements that are for the sole purpose of hedging in the normal course of business consistent with
industry practices and not for speculative purposes. 
 SECTION 6.08 Restricted Payments. It will not, and will not
permit any of its Restricted Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except (a) any Restricted Subsidiary may declare and make Restricted Payments pro rata to the owners of its
Equity Interests, (b) the Borrower may make Restricted Payments to the owners of its Equity Interests to the extent of the amount of “Available Cash” (as defined in the Partnership Agreement) in accordance with the terms of the
Partnership Agreement, (c) the Borrower may make and declare Restricted Payments in exchange for, or out of the net cash proceeds from the substantially concurrent sale (other than to a Restricted Subsidiary) of, Equity Interests of the
Borrower (other than Disqualified Equity), and (d) the Borrower and each Restricted Subsidiary may purchase, redeem or otherwise acquire (on a pro rata basis with respect to all of its Equity Interests) Equity Interests issued by it with the
proceeds received from the substantially concurrent issuance by it of new Equity Interests (other than Disqualified Equity); provided, with respect to each of clauses (a), (b), (c) and (d) above, that no Default has occurred and is
continuing or would result therefrom. 
 SECTION 6.09 Transactions with Affiliates. It will not, and will not permit any
of its Restricted Subsidiaries to, sell, lease or otherwise transfer any Property or assets to, or 
  

 96 

 
purchase, lease or otherwise acquire any Property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except (a) at prices and on terms and conditions not
less favorable to it or such Restricted Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties; provided, that the Borrower Parties shall have delivered to the Administrative Agent (i) evidence of
the approval of such transaction by the conflicts committee or a majority of the independent directors of the board of directors of the General Partner, in the case of any such transaction with a value of $25,000,000 or more, or (ii) an
officer’s certificate duly executed by a Responsible Officer of the Borrower and reasonably satisfactory to the Administrative Agent, in the case of any such transaction with a value equal to or greater than $10,000,000 and less than
$25,000,000, (b) transactions between or among the Borrower Parties not involving any other Affiliate, (c) any Restricted Payment permitted by Section 6.08, and (d) (i) pursuant to agreements that are in effect as of the date hereof as set
forth on Schedule 6.09; provided, however, that each of (i) the DG Marine Transportation Employee Benefit Arrangements, (ii) the Investments in the DG Marine Joint Ventures as permitted and limited by
Section 6.04(m), (iii) advances pursuant to Section 6.04(n), and (iv) the DG Marine Joint Ventures Administrative Arrangements shall each be permitted transactions under this Section 6.09 notwithstanding the restrictions set
forth above. 
 SECTION 6.10 Restrictive Agreements. It will not, and will not permit any of its Restricted Subsidiaries
to, directly or indirectly, enter into, incur or permit to exist any agreement or other arrangement, other than the Loan Documents, that prohibits, restricts or imposes any condition upon (a) except for Liens on Equity Interests in Joint
Ventures owned by a Restricted Subsidiary created by the customary provisions in Joint Venture agreements and other similar agreements applicable to Joint Ventures or created by agreements evidencing Indebtedness of Joint Ventures, the ability of it
or any of its Restricted Subsidiaries to create, incur or permit to exist any Lien created under a Loan Document upon any of its Property or assets, or (b) the ability of any of its Restricted Subsidiaries to make Restricted Payments with
respect to any of its Equity Interests or to make or repay loans or advances to it or any other Restricted Subsidiary or it or any of its Restricted Subsidiaries to Guarantee Indebtedness of it or any other Restricted Subsidiary; provided
that (i) the foregoing shall not apply to restrictions and conditions imposed by law or by this Agreement, (ii) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a
Restricted Subsidiary pending such sale, provided such restrictions and conditions apply only to the Restricted Subsidiary that is to be sold and such sale is permitted hereunder, (iii) the foregoing shall not apply to such prohibitions,
restrictions and conditions contained in any agreement evidencing or governing, or pursuant to which there has been issued, Indebtedness or Disqualified Equity permitted by Section 6.01(g), so long as the Liens created under the Security
Documents are not prohibited, restricted or conditioned in any manner (except as to the assets of the applicable Restricted Subsidiary that secure such Indebtedness, if any), (iv) clause (a) above shall not apply to such prohibitions,
restrictions and conditions contained in any agreement evidencing or governing, or pursuant to which there has been issued, Indebtedness permitted by Section 6.01(h), so long as the Liens created under the Security Documents are not prohibited,
restricted or conditioned in any manner (except as to the Property securing such Indebtedness), (v) clause (a) above shall not apply to customary provisions in leases and other contracts restricting the assignment thereof, (vi) clause
(a) above shall not apply to such prohibitions, restrictions and conditions contained in the Free State Acquisition Documents applicable to FS SPE 1, subject to the limitations on amendment set forth in the Loan Documents, and so long as the
Liens created 
  

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under the Security Documents are not prohibited, restricted or conditioned in any manner, (vii) clause (a) above shall not apply to such prohibitions, restrictions and conditions
contained in the NEJD Transaction Documents applicable to NEJD SPE 1, subject to the limitations on amendment set forth in the Loan Documents, and so long as the Liens created under the Security Documents are not prohibited, restricted or
conditioned in any manner (other than a condition requiring the execution of the NEJD Consent which was satisfied on May 30, 2008), and (viii) clause (a) above shall not apply to such prohibitions, restrictions and conditions
contained in any Material Agreements evidencing or governing, or pursuant to which there has been issued, Indebtedness or Disqualified Equity permitted by Section 6.01(j), subject to the limitations on amendments as set forth in the Loan
Documents, so long as the Liens created under the Security Documents are not prohibited, restricted or conditioned in any manner. 

SECTION 6.11 Limitation on Modifications of Material Agreements. It will not and will not permit any other Relevant Party to
(a) amend, modify or change, or consent to any amendment, modification or change to, any of the terms of any Material Agreement or any NEJD Transaction Document, (b) amend, modify or change, or consent to any amendment, modification or
change to, any of the terms of its or their Organizational Documents, including the Partnership Agreement (other than as described in clause (c)), or (c) amend “Available Cash” (as defined in the Partnership Agreement) in a manner
that would be materially adverse to the Administrative Agent or the Lenders, except, with respect to clauses (a) and (b) above to the extent that (i) amendments to Material Agreements evidencing or governing, or pursuant to which
there has been issued, Indebtedness or Disqualified Equity permitted by Section 6.01(g), 6.01(h) or 6.01(j) do not materially adversely affect the rights of the Administrative Agent or the Lenders, (ii) amendments to any NEJD Transaction
Document or the Organizational Documents of NEJD SPE 2 (A) do not have an adverse effect on the Borrower Parties of more than $5,000,000 and (B) are not reasonably expected to have an adverse impact (other than a de minimis impact) on the
Administrative Agent or the Lenders and (iii) amendments to Material Agreements other than those covered by (i)-(ii) above do not materially and adversely effect the Borrower or other Borrower Parties. 

SECTION 6.12 Creation of Subsidiaries. 

(a) It will not, and will not permit any of its Restricted Subsidiaries to, at any time create or acquire any
(i) Restricted Subsidiary unless (A) it has caused such Restricted Subsidiary to comply with the requirements of Sections 5.10 and 5.11, and (B) such creation or acquisition complies with Sections 6.04 and 6.05; or
(ii) Unrestricted Subsidiary or Joint Venture except as permitted pursuant to Section 6.04. Notwithstanding the foregoing, it will not permit any Unrestricted Subsidiary to own, directly or indirectly, any Equity Interests in any
Restricted Subsidiary; and 
 (b) It will not permit any of its Joint Ventures to at any time create or acquire
any Restricted Subsidiary without the prior written consent of the Required Lenders. 
 SECTION 6.13 Reserved.

 SECTION 6.14 Sale and Leasebacks. It will not and will not permit any of its Restricted Subsidiaries to enter into any
arrangement, directly or indirectly, with any Person 
  

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whereby it or any of its Restricted Subsidiaries shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby it or any of its Restricted Subsidiaries shall
then or thereafter rent or lease such Property or any part thereof or other Property that it or such Restricted Subsidiary intend to use for substantially the same purpose or purposes as the Property sold or transferred. 

SECTION 6.15 Financial Condition Covenants. 

(a) Leverage Ratio. The Borrower will not permit its Consolidated Leverage Ratio to be in excess of (i) prior
to the consummation of a Notes Offering, 4.50 to 1.00 at any time, or (ii) upon or after the consummation of a Notes Offering, 5.00 to 1.00 at any time; provided that after the consummation of a Notes Offering and upon the consummation
of a Material Acquisition that is a Permitted Acquisition, the Borrower will not permit such ratio to exceed 5.50 to 1.00 until the end of the last day of the third full fiscal quarter of the Borrower after the consummation of such Material
Acquisition, at which time the maximum Leverage Ratio permitted to be maintained by the Borrower will automatically revert back to 5.00 to 1.00. 

(b) Senior Secured Leverage Ratio. After the consummation of a Notes Offering, the Borrower will not permit its
Consolidated Senior Secured Leverage Ratio to be in excess of 3.75 to 1.00 at any time; provided that upon the consummation of a Material Acquisition that is a Permitted Acquisition, the Borrower will not permit such ratio to exceed 4.25 to
1.00 until the end of the last day of the third full fiscal quarter of the Borrower after the consummation of such Material Acquisition, at which time the maximum Senior Secured Leverage Ratio permitted to be maintained by the Borrower will
automatically revert back to 3.75 to 1.00. 
 (c) Minimum Interest Coverage. The Borrower will not permit
its Consolidated Interest Coverage Ratio to be less than 3.00 to 1.00 at any time; provided that after the consummation of a Notes Offering and upon the consummation of a Material Acquisition that is a Permitted Acquisition, the Borrower will
not permit such ratio to be less than 2.75 to 1.00 until the end of the last day of the third full fiscal quarter of the Borrower after the consummation of such Material Acquisition, at which time the lowest Consolidated Interest Coverage Ratio
permitted to be maintained by the Borrower will automatically revert back to 3.00 to 1.00. 
 SECTION 6.16 Reserved.

 SECTION 6.17 Fiscal Year. It will not and will not permit any of its Restricted Subsidiaries to change the fiscal year
of such Person. 
 SECTION 6.18 Control Agreements. Neither it nor any of its Restricted Subsidiaries shall open any
deposit account, securities account or commodities account without subjecting such account to a First Priority Lien in favor of the Administrative Agent for the benefit of the Secured Parties, subject to Permitted Encumbrances, pursuant to a Control
Agreement in form and substance satisfactory to the Administrative Agent; provided, that the Borrower Parties shall be permitted to maintain operating accounts not subject to the requirements of this Section 6.18 if the aggregate balance
of such accounts does not exceed $5,000,000 at any time (the “Excluded Accounts”). 
  

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 SECTION 6.19 Prepayments on Indebtedness or Disqualified Equity. It will not and will
not permit any of its Restricted Subsidiaries to, directly or indirectly, make (or give any notice in respect of) any voluntary or optional payment or prepayment on or redemption or acquisition for value of, or any prepayment, repurchase or
redemption as a result of any asset sale, change of control or similar event of, any outstanding Indebtedness or Disqualified Equity, except (a) payments, prepayments, redemptions, repurchases, or acquisitions for value of (i) the Secured
Obligations, (ii) immaterial Indebtedness in the ordinary course of business, (iii) Indebtedness or Disqualified Equity issued pursuant to and in accordance with Section 6.01(j) with the net cash proceeds, or in exchange for, other
Indebtedness or Disqualified Equity issued pursuant to and in accordance with Section 6.01(j), and (iv) Indebtedness or Disqualified Equity assumed or otherwise incurred pursuant to and in accordance with Section 6.01(g) with the net
cash proceeds, or in exchange for, other Indebtedness or Disqualified Equity incurred pursuant to Section 6.01(j), and (b) notices in respect of repurchases (but not the repurchases themselves) pursuant to “change of control” or
“asset sale” provisions of Indebtedness or Disqualified Equity permitted by Section 6.01(j). 
 SECTION 6.20
Reserved. 
 SECTION 6.21 Anti-Terrorism Law; Anti-Money Laundering. 

(a) It will not and will not permit any of its Restricted Subsidiaries to, directly or indirectly, (i) conduct any
business or engage in making or receiving any contribution of funds, goods or services to or for the benefit of any Person described in Section 3.24, (ii) deal in, or otherwise engage in any transaction relating to, any Property or
interests in Property blocked pursuant to the Executive Order or any other Anti-Terrorism Law, or (iii) engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate,
any of the prohibitions set forth in any Anti-Terrorism Law (and it and its Restricted Subsidiaries shall deliver to the Lenders any certification or other evidence requested from time to time by any Lender in its reasonable discretion, confirming
their compliance with this Section 6.21). 
 (b) It will not and will not permit any of its Restricted
Subsidiaries to cause or permit any of the funds of any Borrower Party that are used to repay the Loans to be derived from any unlawful activity with the result that the making of the Loans would be in violation of any law. 

(c) Notwithstanding anything in Section 6.21(a) or (b) or Section 6.22 to the contrary, such covenants and
agreements shall not be deemed breached unless the circumstances giving rise to such breach could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect or otherwise adversely affect the Lenders. 

SECTION 6.22 Embargoed Person. It will not and will not permit any of its Restricted Subsidiaries to cause or permit (a) any
of the funds or properties of the Borrower Parties that are used to repay the Loans to constitute Property of, or be beneficially owned 

 

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directly or indirectly by, any person subject to sanctions or trade restrictions under United States law (“Embargoed Person” or “Embargoed Persons”) that is
identified on (i) the “List of Specially Designated Nationals and Blocked Persons” maintained by OFAC and/or on any other similar list maintained by OFAC pursuant to any authorizing statute including, but not limited to, the
International Emergency Economic Powers Act, 50 U.S.C. §§ 1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and any Executive Order or Requirement of Law promulgated thereunder, with the result that the investment in
the Borrower Parties (whether directly or indirectly) is prohibited by a Requirement of Law, or the Loans made by the Lenders would be in violation of a Requirement of Law or (ii) the Executive Order, any related enabling legislation or any
other similar Executive Orders or (b) any Embargoed Person to have any direct or indirect interest, of any nature whatsoever in the Borrower Parties, with the result that the investment in the Borrower Parties (whether directly or indirectly)
is prohibited by law or the Loans are in violation of any law. 
 SECTION 6.23 Amendments to Risk Management
Requirements. It will not, and will not permit any of its Restricted Subsidiaries to, amend, modify or supplement the Risk Management Requirements without providing prior written notice and description of such amendment, modification or
supplement to the Administrative Agent. 
 ARTICLE VII 

EVENTS OF DEFAULT 

SECTION 7.01 Events of Default. If any of the following events (each, an “Event of Default”) shall occur:

 (a) the Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any
LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment (whether voluntary or mandatory) thereof or by acceleration thereof or otherwise; 

(b) the Borrower shall fail to pay any interest on any Loan or the Borrower or any other Borrower Party or the General
Partner shall fail to pay any fee or any other amount (other than an amount referred to in clause (a) of this Section) payable under this Agreement or any other Loan Document to which it is a party, when and as the same shall become due and
payable, and such failure shall continue unremedied for a period of three Business Days; 
 (c) any
representation or warranty made or deemed made by or on behalf of the Borrower, the General Partner or any Relevant Party in or in connection with any Loan Document or any amendment or modification thereof or waiver thereunder, or in any report,
certificate, financial statement or other document furnished pursuant to or in connection with any Loan Document or any amendment or modification hereof or waiver thereunder, shall prove to have been false or misleading in any material respect when
so made, deemed made or furnished; 
 (d) the Borrower shall fail to observe or perform any covenant, condition
or agreement contained in Section 5.02, Section 5.03 (with respect to the Borrower’s existence), Section 5.04, the last sentence of Section 5.06, Section 5.08, Section 5.14 or in Article VI; 

 

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 (e) any Borrower Party or the General Partner shall fail to observe or
perform any covenant, condition or agreement contained in any Loan Document to which it is a party (other than those specified in clause (a), (b) or (d) of this Section), and such failure shall continue unremedied for a period of thirty
days after receipt of written notice thereof from the Administrative Agent or any Lender; 
 (f) the Borrower or
any Restricted Subsidiary shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable (other than the Secured Obligations);

 (g) the Borrower or any Restricted Subsidiary shall fail to observe or perform any other term, covenant,
condition or agreement contained in any agreement or instrument evidencing or governing Indebtedness, which failure results in, or any event or condition occurs that results in, any Material Indebtedness becoming due prior to its scheduled maturity
or that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to
require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; 
 (h) an
involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of the General Partner, the Borrower, any Guarantor or any Relevant Party or its debts, or of
a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar
official for the General Partner, the Borrower, any Guarantor or any Relevant Party or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for sixty days or an order or decree approving
or ordering any of the foregoing shall be entered; 
 (i) the General Partner, the Borrower, any Guarantor or any
Relevant Party shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in
effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (h) of this Section, (iii) apply for or consent to the appointment of a receiver,
trustee, custodian, sequestrator, conservator or similar official for the General Partner, the Borrower, any Guarantor or any Relevant Party or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a
petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 

(j) the General Partner, the Borrower, any Guarantor or any Relevant Party shall become unable, admit in writing its
inability or fail generally to pay its debts as they become due; 
  

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 (k) one or more judgments for the payment of money in an aggregate amount in
excess of $10,000,000 shall be rendered against the Borrower, any other Relevant Party or any combination thereof and the same shall remain undischarged, unvacated or unbonded for a period of thirty consecutive days during which execution shall not
be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of the Borrower or any other Relevant Party to enforce any such judgment; 

(l) an ERISA Event shall have occurred that, in the opinion of the Required Lenders, when taken together with all other
ERISA Events that have occurred, could reasonably be expected to result in liability of the Borrower and the other Relevant Parties in an aggregate amount exceeding $5,000,000; 

(m) a Change in Control shall occur; 

(n) any Loan Document or any material provision thereof after delivery thereof shall for any reason, except to the extent
permitted by the terms thereof (or as waived by the Lenders in accordance with Section 10.02), cease to be valid, binding and enforceable in accordance with its terms against the Borrower, the General Partner, any Guarantor or any Subsidiary
party thereto or shall be repudiated by any of them, or the Borrower, the General Partner, any Guarantor or any Subsidiary shall so state in writing; 

(o) any security interest or Lien purported to be created and granted by any Security Document with respect to any
Collateral shall cease to be in full force and effect, or shall cease to give the Administrative Agent, for the benefit of the Secured Parties, the Liens, rights, powers and privileges purported to be created and granted under such Security Document
(including a perfected security interest and Lien on all of such Collateral with the priority required by such Security Document or this Agreement) in favor of the Administrative Agent, or shall be asserted by the Borrower or any other Borrower
Party or the General Partner not to be a valid, perfected, First Priority (with no other Liens except for Permitted Encumbrances) security interest in or Lien on such Collateral; 

(p) the Borrower Parties shall be collectively subject to any Environmental Liability that has a Material Adverse Effect;

 (q) the General Partner shall voluntarily liquidate or dissolve; 

(r) (i) any event or condition occurs as a result of any action or failure to act by NEJD SPE 2 or any Borrower Party that
would enable Onshore or its assignee to exercise any of the NEJD Onshore Purchase Rights (as defined in the NEJD Consent); or (ii) Denbury, Onshore, any Borrower Party or NEJD SPE 2 shall fail to observe or perform the terms, covenants,
conditions or agreements contained in the NEJD Consent in any material respect; 
 (s) (i) NEJD SPE 2 shall fail
to make any payment (whether of principal or interest or any other amount and regardless of amount) in respect of any NEJD Intercompany Financing Agreement, within two days after the same shall become due and payable; or (ii) NEJD SPE 2 shall
fail to observe or perform any term, covenant, condition or agreement contained in any NEJD Intercompany Financing Agreement or the NEJD Intercompany Consent, which failure results in, or any event or condition occurs that results in, the NEJD
Intercompany 
  

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Note becoming due prior to its scheduled maturity or that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of the NEJD Intercompany Note
or any trustee or agent on its or their behalf to cause the NEJD Intercompany Note to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; or 

(t) any security interest or Lien purported to be created and granted by any NEJD Intercompany Security Document with
respect to any NEJD Intercompany Collateral shall cease to be in full force and effect, or shall cease to give NEJD SPE 1 the Liens, rights, powers and privileges purported to be created and granted under such NEJD Intercompany Security Document
(including a perfected First Priority security interest and Lien on all of such NEJD Intercompany Collateral (except as otherwise expressly provided in the NEJD Intercompany Note or such NEJD Intercompany Security Document)) in favor of NEJD SPE 1,
or shall be asserted by NEJD SPE 2 or any Borrower Party or the General Partner not to be a valid, perfected, First Priority (except as otherwise expressly provided in the NEJD Intercompany Note or such NEJD Intercompany Security Document) security
interest in or Lien on such NEJD Intercompany Collateral; provided, that notwithstanding the foregoing, the circumstances described in this Section 7.01(t) shall not constitute an Event of Default unless they affect NEJD Intercompany
Collateral with a value, in the aggregate, exceeding $5,000,000; 
 (it being understood that any event or occurrence described in clauses
(s) through (u) above (other than failures to promptly pay amounts due that do not constitute principal or interest under the NEJD Intercompany Note) shall not be deemed an Event of Default if payment in full of the NEJD Intercompany Note
has occurred in accordance with the terms thereof, and any Event of Default pursuant to clauses (s) through (u) above (other than failures to promptly pay amounts due that do not constitute principal or interest under the NEJD Intercompany
Note) may be immediately cured by payment in full of the NEJD Intercompany Note in accordance with the terms thereof) 
 then, and in every such
event (other than an event described in clause (h) or (i) of this Article), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the
Borrower, take any or all of the following actions, at the same or different times: (i) terminate the Committed Amounts, and thereupon the Committed Amounts shall terminate immediately, (ii) declare the Loans then outstanding to be due and
payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued
interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration, or other notice of any
kind, all of which are hereby waived by the Borrower, and (iii) enforce any and all security interests, Liens and other remedies pursuant to the Security Documents; and in case of any event described in clause (h) or (i) of this
Article, the Committed Amounts shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall automatically become due
and payable, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration, or other notice of any kind, all of which are hereby waived by the Borrower, and the Administrative Agent may, and at the request of the
Required Lenders shall, enforce any and all security interests, Liens and other remedies pursuant to the Security Documents. 
  

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 SECTION 7.02 Application of Proceeds. The proceeds received by the Administrative
Agent in respect of any sale of, collection from or other realization upon all or any part of the Collateral pursuant to the exercise by the Administrative Agent of its remedies shall be applied, in full or in part, together with any other sums then
held by the Administrative Agent pursuant to this Agreement, promptly by the Administrative Agent as follows: 

(a) First, to the payment of all reasonable costs and expenses, fees, commissions and taxes of such sale,
collection or other realization including compensation to the Administrative Agent and its agents and counsel, and all expenses, liabilities and advances made or incurred by the Administrative Agent or an Arranger in connection therewith and all
amounts for which the Administrative Agent or such Arranger is entitled to indemnification pursuant to the provisions of any Loan Document, together with interest on each such amount at the highest rate then in effect under this Agreement from and
after the date such amount is due, owing or unpaid until paid in full; 
 (b) Second, to the payment of
all other reasonable costs and expenses of such sale, collection or other realization including compensation to the other Lenders and their agents and counsel and all costs, liabilities and advances made or incurred by the other Lenders in
connection therewith, together with interest on each such amount at the highest rate then in effect under this Agreement from and after the date such amount is due, owing or unpaid until paid in full; 

(c) Third, without duplication of amounts applied pursuant to clauses (a) and (b) above, to the
indefeasible payment in full in cash, pro rata, of interest and other amounts constituting obligations hereunder (other than principal and reimbursement obligations hereunder) and any fees, premiums and scheduled periodic payments due under
Secured Hedging Agreements and any interest accrued thereon, in each case equally and ratably in accordance with the respective amounts thereof then due and owing; 

(d) Fourth, to the indefeasible payment in full in cash, pro rata, of the principal amount of the
obligations hereunder (including reimbursement obligations) and any breakage, termination or other payments under Secured Hedging Agreements and any interest accrued thereon; and 

(e) Fifth, the balance, if any, to the person lawfully entitled thereto (including the applicable Borrower Party or
its successors or assigns) or as a court of competent jurisdiction may direct. 
 In the event that any such proceeds are insufficient to pay in
full the items described in clauses (a) through (e) of this Section 7.02, the Borrower Parties shall remain liable, jointly and severally, for any deficiency. Each Borrower Party acknowledges the relative rights, priorities and
agreements of the Administrative Agent, the Arrangers, the Lenders and counterparties to Secured Hedging Agreements, as set forth in this Agreement, including as set forth in this Section 7.02. 

 

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 ARTICLE VIII 

Reserved. 

ARTICLE IX 

THE ADMINISTRATIVE AGENT; THE ARRANGERS 

SECTION 9.01 Appointment. Each Lender hereby irrevocably designates and appoints BNP Paribas as Administrative Agent of such
Lender under this Agreement and the other Loan Documents and as Administrative Agent of the Secured Parties under and pursuant to the Security Documents, and each such Lender irrevocably authorizes the Administrative Agent, in such capacity, to take
such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other
Loan Documents, together with such other powers as are reasonably incidental thereto. Each Lender hereby irrevocably designates and appoints the Arrangers in their capacity as such under this Agreement and the other Loan Documents, and each such
Lender irrevocably authorizes the Arrangers, in such capacity, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to
the Arrangers by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary contained elsewhere in this Agreement, none of the
Administrative Agent, the Co-Syndication Agents, the Documentation Agent or the Arrangers shall have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent, the Co-Syndication Agents, the Documentation Agent or the Arrangers.

 SECTION 9.02 Delegation of Duties. The Administrative Agent and the Arrangers may execute any of their respective
duties under this Agreement and the other Loan Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Neither the Administrative Agent nor the Arrangers shall
not be responsible for the negligence or misconduct of any agents or attorneys in-fact selected by it with reasonable care. 

SECTION 9.03 Exculpatory Provisions. None of the Administrative Agent or the Arrangers nor any of their respective officers,
directors, employees, agents, attorneys-in-fact or Affiliates shall be (a) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any other Loan Document (except for its or
such Person’s own gross negligence or willful misconduct) or (b) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by any Borrower Party or the General Partner or any officer
thereof contained in this Agreement or any other Loan Document or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent or the Arrangers under or in connection with, this
Agreement or any other Loan Document or for the value, validity, effectiveness, 
  

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genuineness, enforceability or sufficiency of this Agreement or any other Loan Document or for any failure of any Borrower Party or the General Partner to perform its obligations hereunder or
thereunder. Neither the Administrative Agent nor the Arrangers shall be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any
other Loan Document, or to inspect the properties, books or records of any Borrower Party or the General Partner. 
 SECTION
9.04 Reliance by the Administrative Agent and the Arrangers. The Administrative Agent and the Arrangers shall be entitled to rely, and shall be fully protected in relying, upon any note, writing, resolution, notice, consent, certificate,
affidavit, letter, telecopy, telex or teletype message, statement, order or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements
of legal counsel (including, without limitation, counsel to the Borrower Parties), independent accountants and other experts selected by the Administrative Agent or the Arrangers. The Administrative Agent may deem and treat the payee of any note as
the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent and the Arrangers shall be fully justified in failing or refusing
to take any action under this Agreement or any other Loan Document unless the Administrative Agent or the Arrangers, as applicable, shall first receive such advice or concurrence of the Required Lenders (or, where unanimous consent of the Lenders is
expressly required hereunder, such Lenders) as the Administrative Agent or the Arrangers, as applicable, deem appropriate or the Administrative Agent or the Arrangers, as applicable, shall first be indemnified to their respective satisfaction by the
Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent and the Arrangers shall in all cases be fully protected in acting, or in refraining
from acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders (or, where unanimous consent of the Lenders is expressly required hereunder, such Lenders), and such request and any action taken or
failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans. 
 SECTION 9.05
Notice of Default. Neither the Administrative Agent nor any Arranger shall be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the Administrative Agent or such Arranger, respectively,
has received notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default.” In the event that the Administrative Agent or any Arranger
receives such a notice, the Administrative Agent or such Arranger shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the
Required 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 interests of the Lenders. 
 SECTION 9.06
Non-Reliance on Administrative Agent or the Arrangers and Other Lenders. Each Lender expressly acknowledges that none of the Administrative Agent or the Arrangers, nor any of their respective officers, directors, employees, agents,
attorneys-in-
  

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fact or Affiliates, has made any representations or warranties to it and that no act by the Administrative Agent or the Arrangers hereafter taken, including any review of the affairs of any
Borrower Party, shall be deemed to constitute any representation or warranty by the Administrative Agent or the Arrangers to any Lender. Each Lender represents to the Administrative Agent and the Arrangers that it has, independently and without
reliance upon the Administrative Agent, the Arrangers or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and
other condition and creditworthiness of each Borrower Party and made its own decision to make Loans and issue Letters of Credit hereunder and enter into this Agreement. Each Lender also represents that it will, independently and without reliance
upon the Administrative Agent, the Arrangers or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action
under this Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of each Borrower Party. Except for
notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent or the Arrangers hereunder, none of the Administrative Agent nor the Arrangers shall have any duty or responsibility to provide any
Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Borrower Party which may come into the possession of the Administrative Agent or the
Arrangers or any of their respective officers, directors, employees, agents, attorneys-in-fact or Affiliates. 
 SECTION 9.07
Indemnification. The Lenders agree to indemnify the Administrative Agent and the Arrangers in their capacities as such (to the extent not reimbursed by the Borrower and without limiting the obligation the Borrower to do so), ratably according
to their respective Committed Amounts in effect on the date on which indemnification is sought, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any
kind whatsoever which may at any time (including, without limitation, at any time following the payment of the obligations under this Agreement) be imposed on, incurred by or asserted against the Administrative Agent or the Arrangers in any way
relating to or arising out of, the Committed Amounts, this Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted
by the Administrative Agent or the Arrangers under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements resulting solely from the Administrative Agent’s or the Arrangers’ gross negligence or willful misconduct. The agreements in this subsection shall survive the payment of all obligations
under this Agreement and all other amounts payable hereunder. 
 SECTION 9.08 Administrative Agent and Arrangers in Their
Respective Individual Capacities. The Administrative Agent and the Arrangers and its or their Affiliates may make loans to, accept deposits from and generally engage in any kind of business with any Borrower Party as though the Administrative
Agent were not the Administrative Agent, and the Arrangers were not the Arrangers, hereunder and under the other Loan Documents. With respect to the Loans made and Letters of Credit issued by it, the Administrative Agent and the Arrangers

  

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shall have the same rights and powers under this Agreement and the other Loan Documents as any Lender and may exercise the same as though the Administrative Agent was not the Administrative
Agent, and the Arrangers were not the Arrangers, and the terms “Lender” and “Lenders” shall include each of the Administrative Agent and each Arranger in its individual capacity. 

SECTION 9.09 Successor Administrative Agent. The Administrative Agent may resign as Administrative Agent upon thirty days’
notice to the Lenders. If the Administrative Agent shall resign as Administrative Agent under this Agreement and the other Loan Documents (or as Administrative Agent for the Secured Parties under the Security Documents), then the Required Lenders
shall appoint from among the Lenders a successor agent for the Lenders, which successor agent, with the consent of the Borrower (such consent not to be unreasonably withheld or delayed), shall succeed to the rights, powers and duties of the
Administrative Agent hereunder and or thereunder, as applicable. Effective upon such appointment and approval, the term “Administrative Agent” shall mean such successor agent, and the former Administrative Agent’s rights, powers and
duties as Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or any of the parties to this Agreement, any holders of the Loans or any Secured Party. After any retiring
Administrative Agent’s resignation as Administrative Agent, the provisions of this Article IX shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement and the other
Loan Documents. The Administrative Agent may be removed at any time with or without cause by the Required Lenders (which for this purpose, shall not include the Loans or the Committed Amount of the Administrative Agent), provided that
on the effectiveness of such removal the Secured Obligations owing to such Administrative Agent as a Lender are repaid in full and as an Issuing Bank are cash collateralized or otherwise secured. If the Administrative Agent is removed, the
procedures set forth in this Section 9.09 shall apply in appointing a successor Administrative Agent. 
 SECTION 9.10
Successor Arranger. Any Arranger may resign as Arranger upon thirty days’ notice to the Lenders. If an Arranger shall resign as Arranger under this Agreement and the other Loan Documents, then the Required Lenders shall appoint from
among the Lenders a successor arranger for the Lenders, which successor arranger, with the consent of the Borrower (such consent not to be unreasonably withheld or delayed), shall succeed to the rights, powers and duties of such Arranger hereunder
and or thereunder, as applicable. Effective upon such appointment and approval, the term “Arranger” shall include such successor arranger, and the former Arranger’s rights, powers and duties as Arranger shall be terminated, without
any other or further act or deed on the part of such former Arranger or any of the parties to this Agreement, any holders of the Loans or any Secured Party. After any retiring Arranger’s resignation as Arranger, the provisions of this Article
IX shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Arranger under this Agreement and the other Loan Documents. Any Arranger may be removed at any time with or without cause by the Required Lenders (which
for this purpose, shall not include the Loans or the Committed Amount of such Arranger), provided that on the effectiveness of such removal the Secured Obligations owing to such Arranger as a Lender are repaid in full and as an Issuing
Bank are cash collateralized or otherwise secured. If any Arranger is removed, the procedures set forth in this Section 9.10 shall apply in appointing a successor Arranger. 

 

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 SECTION 9.11 Issuing Bank. The provisions of this Article IX applicable to the
Administrative Agent shall apply to any Issuing Bank in the performance of its duties under the Loan Documents, mutatis mutandis. 

SECTION 9.12 Collateral Matters. 

(a) Each Lender authorizes and directs the Administrative Agent to enter into the Security Documents for the benefit of
the Lenders and the other Secured Parties. Each Lender hereby agrees, and each holder of any Loan or Committed Amount (or any note evidencing a Loan) by the acceptance thereof will be deemed to agree, that, except as otherwise set forth herein, any
action taken by the Required Lenders in accordance with the provisions of this Agreement, the Security Documents or the NEJD Intercompany Security Documents, and the exercise by the Required Lenders of the powers set forth herein or therein,
together with such other powers as are reasonably incidental thereto, shall be authorized and binding upon all of the Lenders. The Administrative Agent is hereby authorized on behalf of all of the Lenders, without the necessity of any notice to or
further consent from any Lender, from time to time prior to an Event of Default, to take any action with respect to any Collateral or the Security Documents, or the NEJD Intercompany Collateral or the NEJD Intercompany Security Documents, which may
be necessary to perfect and maintain perfected the security interest in and Liens upon the Collateral and the NEJD Intercompany Collateral granted pursuant to the Security Documents and the NEJD Intercompany Security Documents, respectively.

 (b) The Lenders hereby authorize the Administrative Agent, at its option and in its discretion, to release any
Lien granted to or held by the Administrative Agent upon any Collateral or the NEJD Intercompany Collateral (i) upon termination of the Committed Amounts and payment and satisfaction of all of the Secured Obligations at any time arising under
or in respect of this Agreement or the Loan Documents or the transactions contemplated hereby or thereby, (ii) constituting property being sold or otherwise disposed of (to Persons other than the Borrower and the Restricted Subsidiaries) upon
the sale or other disposition thereof in compliance with Section 6.06, (iii) if approved, authorized or ratified in writing by the Required Lenders (or all of the Lenders hereunder, to the extent required by Section 10.02) or
(iv) as otherwise may be expressly provided in the relevant Security Documents or the NEJD Intercompany Security Documents. Upon request by the Administrative Agent at any time, the Lenders will confirm in writing the Administrative
Agent’s authority to release particular types or items of Collateral or NEJD Intercompany Collateral pursuant to this Section 9.12. 

(c) The Administrative Agent shall have no obligation whatsoever to the Lenders or to any other Person to assure that the
Collateral or the NEJD Intercompany Collateral exists or is owned by any Borrower Party or any other grantor of a Lien under the Security Documents or the NEJD Intercompany Security Documents) or is cared for, protected or insured or that the Liens
granted to the Administrative Agent herein or pursuant hereto have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise or to continue exercising at all or in
any manner or under any duty of care, disclosure or fidelity any of the rights, authorities and powers granted or available to the Administrative Agent in this Section 9.12 or in any of the Security Documents or the NEJD Intercompany Security
Documents, it being understood and agreed that in respect of the Collateral, or any act, omission or event related thereto, the Administrative Agent may act in any 

 

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manner it may deem appropriate, in its sole discretion, given the Administrative Agent’s own interest in the Collateral and the NEJD Intercompany Collateral as one of the Lenders, and that
the Administrative Agent shall have no duty or liability whatsoever to the Lenders, except for its gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision). 

SECTION 9.13 Hedging Arrangements. To the extent any Affiliate of a Lender is a party to a Secured Hedging Agreement with the
Borrower, such Affiliate of a Lender shall be deemed to appoint the Administrative Agent its nominee and agent, and to act for and on behalf of such Affiliate in connection with the Security Documents and to be bound by this Article IX. 

ARTICLE X 

MISCELLANEOUS 

SECTION 10.01 Notices. 

(a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to
paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 

(i) if to the Borrower or any other Borrower Party, to it at 919 Milam, Suite 2100, Houston, Texas 77002,
(713) 860-2640; 
 (ii) if to the Administrative Agent, to BNP Paribas at 787 Seventh Ave., New York, New
York 10019, Attention: Larry Robinson, Telephone: (713) 982-1103, Facsimile: (713) 659-6915, Email: larry.robinson@us.bnpparibas.com, with a copy to, BNP Paribas RCC, Inc., as agent for BNP Paribas, 525 Washington Blvd., Jersey City, New
Jersey 07310, Attention: Dina Wilson, Telephone: (201) 850-6807, Facsimile: (201) 850-4020, Email: agency_ls_support@us.bnpparibas.com; 

(iii) if to the Arrangers, to (A) BNP Paribas Securities Corp. at 787 Seventh Ave., New York, New
York 10019, Attention: Larry Robinson, Telephone: (713) 982-1103, Facsimile: (713) 659-6915, Email: larry.robinson@us.bnpparibas.com, with a copy to, BNP Paribas RCC, Inc., as agent for BNP Paribas, 525 Washington Blvd., Jersey City, New
Jersey 07310, Attention: Dina Wilson, Telephone: (201) 850-6807, Facsimile: (201) 850-4020, Email: agency_ls_support@us.bnpparibas.com; (B) Banc of America Securities LLC at 214 North Tryon Street,
14th Floor, Mailstop NC1-027-14-01, Charlotte, North
Carolina 28255, Attention: Jeffrey J. Bloomquist, Telephone: (704) 683-4389, Email: jeffrey.j.bloomquist@baml.com, and (C) BMO Capital Markets, U.S. Energy and Power at 700 Louisiana St., Suite 4400, Houston, Texas 77002, Attention: Kevin
Utsey, Telephone: (713) 546-9720, Email: kevin.utsey@bmo.com; 
 (iv) if to BNP Paribas, in its capacity as
Issuing Bank, to it at 787 Seventh Ave., New York, New York 10019, Attention: Larry Robinson, Telephone: (713) 982-1103, Facsimile: (713) 659-6915, Email: larry.robinson@us.bnpparibas.com, with a copy to, BNP Paribas RCC, Inc., as agent
for BNP Paribas, 525 Washington Blvd., Jersey City, New Jersey 07310, Attention: Dina Wilson, Telephone: (201) 850-6807, Facsimile: (201) 850-4020, Email: agency_ls_support@us.bnpparibas.com; 

 

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 (v) if to any other Lender, to it at its address (or telecopy number) set
forth in its Administrative Questionnaire. 
 (b) Notices and other communications to the Lenders hereunder may
be delivered or furnished by electronic communications pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed by the Administrative
Agent and the applicable Lender. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided
that approval of such procedures may be limited to particular notices or communications. 
 (c) Any party hereto
may change its address or telecopy number for notices and other communications hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall
be deemed to have been given on the date of receipt. 
 SECTION 10.02 Waivers; Amendments. 

(a) No failure or delay by the Administrative Agent, any Issuing Bank, any Arranger or any Lender in exercising any right
or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof
or the exercise of any other right or power. The rights and remedies of the Administrative Agent, any Issuing Banks, the Arrangers and the Lenders hereunder are cumulative and are not exclusive of any rights or remedies that they would otherwise
have. No waiver of any provision of this Agreement or consent to any departure by the Borrower or any Subsidiary therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver
or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any
Default, regardless of whether the Administrative Agent, any Arranger, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time. 

(b) Neither this Agreement nor any Loan Document nor any provision hereof or thereof may be waived, amended or modified
(except as expressly set forth herein or therein) except pursuant to an agreement or agreements in writing entered into by the Borrower and any affected Borrower Party and the General Partner, as applicable, on the one hand, and the Required
Lenders, on the other hand, or by the Borrower and any affected Borrower Party and the General Partner, as applicable, on the one hand, and the Administrative Agent with the consent of the Required Lenders, on the other hand; provided that no
such agreement shall (i) increase the Committed Amount of any Lender without the written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees
payable hereunder (other than the definition of “Consolidated 
  

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Leverage Ratio” and the other defined terms that are components thereof whether or not the effect of such waiver, amendment or modification could reasonably be expected to result in reducing
the amount of interest or fees payable hereunder) without the written consent of each Lender affected thereby, (iii) postpone the scheduled date of payment of the principal amount of any Loan or LC Disbursement, or any interest thereon, or any
fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Committed Amount, without the written consent of each Lender affected thereby, (iv) change
Section 2.18(b) or (c) in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender, (v) change any of the provisions of this Section or the definition of “Required
Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender,
(vi) release any Borrower Party from its Guarantee obligations pursuant to the Security Documents (except if such entity, other than the Borrower, is no longer a Restricted Subsidiary in compliance with this Agreement), without the consent of
each Lender, or (vii) release all or substantially all of the Collateral, without the consent of each Lender; provided further that (A) no such agreement shall amend, modify or otherwise affect the rights or duties of the
Administrative Agent, the Arrangers or any Issuing Bank hereunder without the prior written consent of the Administrative Agent, the Arrangers or such Issuing Bank, as the case may be and (B) any amendment, waiver, or modification which has an
adverse effect on a Lender or Affiliate thereof in its capacity as party to a Secured Hedging Agreement and expressly impacts such Lender or Affiliate in such capacity in a different manner than the Lenders are impacted generally shall require the
consent of each such Lender or Affiliate; provided further that the Borrower may amend, modify or supplement Schedule 5.16 in accordance with Section 6.23 upon providing prior written notice and description of such
amendment, modification or supplement to the Administrative Agent (without the consent of the Administrative Agent or any Lender). 

(c) Without the consent of any other Person, the applicable Borrower Party or Borrower Parties or the General Partner, as
applicable, and the Administrative Agent may (in its or their respective sole discretion, or shall, to the extent required by any Loan Document) enter into any waiver, amendment or modification of any Loan Document, or enter into any new agreement
or instrument, in each case to effect the granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or additional Property to become Collateral for the benefit of the Secured Parties, or as required by
local law to give effect to, or protect any security interest for the benefit of the Secured Parties, in any Property or so that the security interests therein comply with applicable Governmental Requirements. 

SECTION 10.03 Expenses; Indemnity; Damage Waiver. 

(a) The Borrower shall pay (i) all reasonable out of pocket expenses incurred by the Administrative Agent, each
Arranger and their respective Affiliates, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent and each Arranger, in connection with the syndication of the credit facilities provided for herein, the
preparation and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the Transactions shall be consummated), (ii) all reasonable
out-of-pocket expenses incurred by any 
  

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Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by
the Administrative Agent, any Arranger, any Issuing Bank or any Lender, including the fees, charges and disbursements of any counsel for the Administrative Agent, any Arranger, any Issuing Bank or any Lender, in connection with the enforcement or
protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of pocket expenses
incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 
 (b)
The Borrower shall indemnify the Administrative Agent, each Arranger, each Issuing Bank and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each
Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including the fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in
connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations
hereunder or the consummation of the Transactions, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by any Issuing Bank to honor a demand for payment under a Letter of Credit issued by it if the
documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any Property owned or operated by the Borrower
or any of its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether
based on contract, tort or any other theory, whether brought by a third party, by the Borrower, by any other Borrower Party or by the General Partner, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity
shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted solely from the
gross negligence or willful misconduct of such Indemnitee. 
 (c) To the extent that the Borrower fails to pay
any amount required to be paid by it to the Administrative Agent, any Arranger or any Issuing Bank under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative Agent, such Arranger or such Issuing
Bank, as the case may be, such Lender’s Ratable Portion (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified
loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, such Arranger or such Issuing Bank in its capacity as such. 

(d) To the extent permitted by applicable Governmental Requirements, no Borrower Party shall 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 or any agreement or
instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 
  

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 (e) All amounts due under this Section shall be payable no later than three
Business Days after written demand therefor. 
 SECTION 10.04 Successors and Assigns. 

(a) This Agreement shall be binding upon and inure to the benefit of the Borrower, the Lenders, the Administrative Agent,
the Arrangers, all future holders of the Loans and any notes hereunder and their respective successors and assigns, except that the Borrower may not assign or transfer any of its rights or obligations under this Agreement without the prior written
consent of each Lender. 
 (b) Any Lender may, in accordance with applicable Governmental Requirements and at no
cost or expense to the Borrower, at any time sell to one or more banks or other entities (“Participants”) participating interests in any Loan owing to such Lender, any Committed Amount of such Lender or any other interest of such
Lender hereunder and under the other Loan Documents. In the event of any such sale by a Lender of a participating interest to a Participant, (i) such Lender’s obligations under this Agreement to the other parties to this Agreement shall
remain unchanged, (ii) such Lender shall remain solely responsible for the performance thereof, (iii) such Lender shall remain the holder of any such Loan (and any note evidencing such Loan) for all purposes under this Agreement and the
other Loan Documents, (iv) the Borrower and the Administrative Agent shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and the other Loan Documents, and
(v) in any proceeding under the Bankruptcy Code, the Lender shall be, to the extent permitted by Governmental Requirements, the sole representative with respect to the obligations held in the name of such Lender, whether for its own account or
for the account of any Participant. No Lender shall be entitled to create in favor of any Participant, in the participation agreement pursuant to which such Participant’s participating interest shall be created or otherwise, any right to vote
on, consent to or approve any matter relating to this Agreement or any other Loan Document except for those specified the first proviso to Section 10.02(b) if it affects such Participant. The Borrower agrees that each Participant shall be
entitled to the benefits of Sections 2.15, 2.16 and 2.17 with respect to its participation in the Committed Amounts and the Loans and Letters of Credit outstanding from time to time as if it was a Lender; provided that, in the case of
Section 2.17, such Participant shall have complied with the requirements of said section and provided further that no Participant shall be entitled to receive any greater amount pursuant to any such section than the transferor Lender
would have been entitled to receive in respect of such amount of the participation transferred by such transferor Lender to such Participant had no such transfer occurred. 

(c) Any Lender may, in accordance with applicable Governmental Requirements, at any time and from time to time assign to
any Lender or any Affiliate thereof or, with the prior written consent of the Administrative Agent, the Borrower and each Issuing Bank (which in each case shall not be unreasonably withheld), to an additional bank or financial institution or other
entity (other than a Borrower Party or an Affiliate thereof) (an “Assignee”) all or any part of its rights and obligations under this Agreement and the other Loan Documents 

 

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including its Committed Amount, Loans and Letters of Credit pursuant to an Assignment and Assumption executed by such Assignee and such assigning Lender (and, in the case of an Assignee that is
not then a Lender or an Affiliate of a Lender, by the Borrower, the Administrative Agent and each Issuing Bank) and delivered to the Administrative Agent for its acceptance and recording in the Register, provided that (i) (unless the
Borrower and the Administrative Agent otherwise consent in writing) no such transfer to any Assignee (other than a Lender or any Affiliate thereof) shall be in an aggregate principal amount less than $5,000,000 in the aggregate (or, if less, the
full amount of such assigning Lender’s Committed Amount, Loans and Letters of Credit), and (ii) if any Lender assigns all or any part of its rights and obligations under this Agreement to one of its Affiliates in connection with or in
contemplation of the sale or other disposition of its interest in such Affiliate, the Borrower’s, the Administrative Agent’s and each Issuing Bank’s prior written consent shall be required for such assignment (which shall not be
unreasonably withheld). Upon such execution, delivery, acceptance and recording, from and after the effective date determined pursuant to such Assignment and Assumption, (A) the Assignee thereunder shall be a party hereto and, to the extent
provided in such Assignment and Assumption, have the rights and obligations of a Lender hereunder with a Committed Amount as set forth therein, and (B) the assigning Lender thereunder shall, to the extent provided in such Assignment and
Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such assigning
Lender shall cease to be a party hereto). Notwithstanding any provision of this Section 10.04(c) or Section 10.04(e) to the contrary, the consent of the Borrower shall not be required, and, unless requested by the Assignee and/or assigning
Lender, new notes shall not be required to be executed and delivered by the Borrower, for any assignment which occurs at any time when any Default shall have occurred and be continuing. 

(d) The Administrative Agent, on behalf of the Borrower, shall maintain at the address of the Administrative Agent
referred to in Section 10.01 a copy of each Assignment and Assumption delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Lenders, and the Committed Amounts of, and principal
amount of the Loans owing to, each Lender from time to time. The entries in the Register shall be conclusive in the absence of manifest error, and the Borrower, the Administrative Agent and the Lenders may (and in the case of any Loan or obligation
hereunder not evidence by a note, shall) treat each Person whose name is recorded in the Register as the owner of a Loan or other obligation hereunder as the owner thereof for all purposes of this Agreement and the other Loan Documents,
notwithstanding any notice to the contrary. Any assignment of any Loan or other obligation hereunder not evidenced by a note shall be effective only upon appropriate entries with respect thereto being made in the Register. The Register shall be
available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice. 

(e) Notwithstanding anything in this Agreement to the contrary, no assignment under Section 10.04(c) of any rights or
obligations under or in respect of any Loans, any notes or the Letters of Credit shall be effective unless the Administrative Agent shall have recorded the assignment pursuant to Section 10.04(d). Upon its receipt of an Assignment and
Assumption executed by an assigning Lender and an Assignee (and, in the case of an Assignee that is not then a Lender or an Affiliate thereof, by the Borrower, the Administrative Agent and 

 

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each Issuing Bank) together with payment to the Administrative Agent of a registration and processing fee of $3,500 (other than in the case of an assignment by a Lender to an Affiliate of such
Lender), the Administrative Agent shall (i) promptly accept such Assignment and Assumption and (ii) on the effective date determined pursuant thereto record the information contained therein in the Register and give notice of such
acceptance and recordation to the Lenders and the Borrower. On or prior to such effective date, the assigning Lender shall surrender any outstanding notes held by it all or a portion of which are being assigned, and the Borrower, at its own expense,
shall, upon the request to the Administrative Agent by the assigning Lender or the Assignee, as applicable, execute and deliver to the Administrative Agent (in exchange for the outstanding notes of the assigning Lender) a new note to such Assignee
in an amount equal to the amount of such Assignee’s Committed Amount after giving effect to such Assignment and Assumption and, if the assigning Lender has retained a Committed Amount hereunder, a new note to the assigning Lender in an amount
equal to the amount of such Lender’s Committed Amount after giving effect to such Assignment and Assumption. Any such new notes shall be dated the Effective Date and shall otherwise be in the form of the note replaced thereby. Any notes
surrendered by the assigning Lender shall be returned by the Administrative Agent to the Borrower marked “canceled.” 

(f) The Borrower authorizes each Lender to disclose to any Participant or Assignee (each, a “Transferee”)
and any prospective Transferees any and all financial information in such Lender’s possession concerning the Borrower Parties and their Affiliates that has been delivered to such Lender by or on behalf of the Borrower pursuant to this Agreement
or that has been delivered to such Lender by or on behalf of the Borrower in connection with such Lender’s credit evaluation of the Borrower Parties and their Affiliates prior to becoming a party to this Agreement. 

(g) For the avoidance of doubt, the parties to this Agreement acknowledge that the provisions of this Section 10.04
concerning assignments of Loans and notes relate only to absolute assignments and that such provisions do not prohibit assignments creating security interests, including any pledge or assignment by a Lender or any Loan or note to any Federal Reserve
Bank in accordance with applicable Governmental Requirements. 
 SECTION 10.05 Survival. All covenants, agreements,
representations and warranties made by the Borrower herein and in the certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall
survive the execution and delivery of this Agreement and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent,
any Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any
accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or any Letter of Credit is outstanding (and has not been fully cash collateralized on customary terms reasonably acceptable to the
Issuing Bank) and so long as the Committed Amounts have not expired or terminated. The provisions of Section 2.15, Section 2.16, Section 2.17 and Section 10.03 and Article IX shall survive and remain in full force and effect
regardless of the consummation of the Transactions, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Committed Amounts or the termination of this Agreement or any provision hereof. 

 

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 SECTION 10.06 Counterparts; Integration; Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents
constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01,
this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties
hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic
transmission shall be effective as delivery of a manually executed counterpart of this Agreement. 
 SECTION 10.07
Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting
the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

SECTION 10.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its
Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at
any time owing by such Lender or Affiliate to or for the credit or the account of any Borrower Party against any of and all the obligations of any Borrower Party now or hereafter existing under this Agreement held by such Lender, irrespective of
whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of setoff)
which such Lender may have. 
 SECTION 10.09 Governing Law; Jurisdiction; Consent to Service of Process. 

(a) This Agreement shall be construed in accordance with and governed by the law of the State of New York. 

(b) Each of the Borrower Parties hereby irrevocably and unconditionally submits, for itself and its Property, to the
nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding
arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard
and determined in such New 
  

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York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or
proceeding relating to this Agreement against any Borrower Party or its Properties in the courts of any jurisdiction. 

(c) Each of the Borrower Parties hereby irrevocably and unconditionally waives, to the fullest extent it may legally and
effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in paragraph (b) of this Section. Each of the
parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) Each Borrower Party hereby agrees that the service of all writs, process and summonses in any such suit, action or
proceeding brought in the State of New York against it may be made upon CT Corporation System (the “Process Agent”), at 111 Eighth Avenue, New York, New York 10011, and each Borrower Party hereby irrevocably agrees that the Process
Agent has been duly and irrevocably appointed as its agent and true and lawful attorney-in-fact in its name, place and stead to accept such service of any and all such writs, process and summonses, and agrees that the failure of the Process Agent to
give any notice of any such service of process to it shall not impair or affect the validity of such service or any judgment based thereon. Each Borrower Party hereby further irrevocably consents to the service of process in any suit, action or
proceeding in such courts against it by the mailing thereof by the Administrative Agent by registered or certified mail, postage prepaid, at its address set forth in Section 10.01. 

SECTION 10.10 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (a) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (b) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 10.11 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

SECTION 10.12 Confidentiality. Each of the Administrative Agent, the Arrangers, any Issuing Bank and the Lenders agrees to
maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its 

 

 119 

 
Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be
informed of the confidential nature of such Information and instructed to keep such Information confidential and the disclosing party will be responsible for any unpermitted disclosures by the receiving party), (b) to the extent requested by any
regulatory authority or self regulatory authority, (c) to the extent required by applicable Governmental Requirements or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the
exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such information and instructed to keep such information confidential and the disclosing party will be responsible for any unpermitted
disclosures by the receiving party), to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its
advisors) to any Hedging Agreement relating to any Borrower Party and its obligations, (g) with the consent of the Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section
or (ii) becomes available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis from a source other than the Borrower. For the purposes of this Section, “Information” means all information received
from any Borrower Party relating to such Borrower Party or its business, other than any such information that is available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by the such
Borrower Party; provided that, in the case of information received from such Borrower Party after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the
confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person
would accord to its own confidential information. 
 SECTION 10.13 Interest Rate Limitation. Notwithstanding anything
herein to the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable Governmental Requirements (collectively the
“Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable Governmental
Requirements, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable
in respect of such Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate
therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. 

SECTION 10.14 USA Patriot Act. Each Lender that is subject to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56
(signed into law October 26, 2001)) (the “Patriot Act”), hereby notifies the Borrower that pursuant to the requirements of the 

 

 120 

 
Patriot Act, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower Parties and other information
that will allow such Lender to identify the Borrower Parties in accordance with the Patriot Act. 
 SECTION 10.15 Limitation
of Liability. Except as set forth in the Loan Documents or in the case of fraud or intentional misrepresentation, neither the General Partner nor any other owner of Equity Interests in the Borrower (if such owner is not owned directly or
indirectly, in whole or in part, by the Borrower) shall be liable for the obligations of the Borrower Parties under the Loan Documents including, in each case, by reason of any payment obligation imposed by governing state partnership statutes, or
be subject to claims, judgments, or suits against them or their assets for the purpose of obtaining satisfaction and payments of amounts owed under any Loan Document. 

SECTION 10.16 Acknowledgments. The Borrower hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan
Documents; 
 (b) neither the Administrative Agent, the Arrangers nor any Lender has any fiduciary relationship
with or duty to the Borrower arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Administrative Agent and the Lenders, on one hand, and the Borrower Parties on the other hand, in
connection herewith or therewith is solely that of debtor and creditor; and 
 (c) no joint venture is created
hereby or by the other Loan Documents or otherwise exists by virtue of the Transactions among the Lenders or among the Borrower Parties and the Lenders. 

SECTION 10.17 Certain Permitted Transactions. Notwithstanding anything to the contrary set forth in the Loan Documents, the
Borrower and the other Borrower Parties shall have the right from time to time to consummate the following: 

(a) the Planned Reorganization; provided that, (i) after giving effect thereto, the Borrower Parties shall be
in compliance with Section 5.10 and Section 5.11 and (ii) the Planned Reorganization shall not have an adverse effect on the Lenders or their rights with respect to the Collateral; 

(b) the acquisition of the remaining Equity Interests in the DG Marine Joint Ventures; provided that,
(i) after giving effect thereto, the Borrower Parties shall be in compliance with Section 5.10 and Section 5.11 and (ii) such acquisition shall not have an adverse effect on the Lenders or their rights with respect to the
Collateral; and 
 (c) the disposition of Fuel Masters, LLC. 

SECTION 10.18 Genesis Assignment and Assumption Agreement; Amendment and Restatement; Binding Effect; Master Assignment Agreement;
Release of Certain Liens. 
  

 121 

 (a) Pursuant to the Genesis Assignment and Assumption Agreement effective
contemporaneously herewith, the OLP assigned to the Borrower, and the Borrower assumed from the OLP, all of the OLP’s rights, interests, liabilities and obligations as borrower under the Existing Credit Agreement, and pursuant to the Guarantee
and Collateral Agreement dated as of the date hereof, the OLP confirms that it is a Guarantor. 
 (b) On the
Effective Date, the Existing Credit Agreement shall be amended and restated in its entirety by this Agreement, and the Existing Credit Agreement shall thereafter be of no further force and effect, except that the Borrower, the Administrative Agent
and the Lenders agree that (i) the incurrence by the Borrower of “Indebtedness” under and as defined in the Existing Credit Agreement (whether or not such “Indebtedness” is contingent as of the Effective Date) shall continue
to exist under and be evidenced by this Agreement and the other Loan Documents, (ii) the Borrower shall pay any breakage costs incurred on the Effective Date under Section 2.16 of the Existing Credit Agreement, (iii) the Existing
Credit Agreement shall continue to evidence the representations and warranties made by the Borrower prior to the Effective Date, (iv) except as expressly stated herein or amended, the other Loan Documents are ratified and confirmed as remaining
unmodified and in full force and effect with respect to all Secured Obligations, and (v) the Existing Credit Agreement shall continue to evidence any action or omission performed or required to be performed pursuant to the Existing Credit
Agreement prior to the Effective Date (including any failure, prior to the Effective Date, to comply with the covenants contained in the Existing Credit Agreement). The amendments and restatements set forth herein shall not cure any breach thereof
or any “Default” or “Event of Default” under and as defined in the Existing Credit Agreement existing prior to the Effective Date. This Agreement is not in any way intended to constitute a novation of the obligations and
liabilities existing under the Existing Credit Agreement or evidence payment of all or any portion of such obligations and liabilities. 

(c) The terms and conditions of this Agreement and the Administrative Agent’s, the Lenders’ and the Issuing
Banks’ rights and remedies under this Agreement and the other Loan Documents shall apply to all of the Indebtedness incurred under the Existing Credit Agreement and the Letters of Credit issued thereunder. 

(d) On and after the Effective Date, (i) all references to the Existing Credit Agreement (or to any amendment or any
amendment and restatement thereof) in the Loan Documents (other than this Agreement) shall be deemed to refer to the Existing Credit Agreement, as amended and restated hereby (as it may be further amended, modified or restated), (ii) all
references to any section (or subsection) of the Existing Credit Agreement or in any Loan Document (but not herein) shall be amended to become, mutatis mutandis, references to the corresponding provisions of this Agreement and
(iii) except as the context otherwise provides, on or after the Effective Date, all references to this Agreement herein (including for purposes of indemnification and reimbursement of fees) shall be deemed to be references to the Existing
Credit Agreement, as amended and restated hereby (as it may be further amended, modified or restated). 
 (e)
This amendment and restatement is limited as written and is not a consent to any other amendment, restatement or waiver, whether or not similar and, except as expressly provided herein or in any other Loan Document, all terms and conditions of the
Loan Documents remain in full force and effect unless specifically amended hereby or by any other Loan Document. 
  

 122 

 (f) Each Lender hereby (i) acknowledges the Master Assignment Agreement
executed by the Existing Agent, the Administrative Agent, the Borrower, the OLP and certain subsidiaries and trustees party thereto, (ii) directs the Administrative Agent to execute the Master Assignment Agreement, and (iii) ratifies and
affirms the execution thereof by such parties and the replacement of the Existing Agent by BNP Paribas as the Administrative Agent. Each Lender hereby also deems the assignment and assumption by and between the Existing Agent and the Administrative
Agent in the Master Assignment Agreement to have occurred pursuant to, and to have satisfied the requirements of, Section 9.09 of the Existing Credit Agreement. 

(g) Each Lender hereby (i) acknowledges the Genesis Assignment and Assumption Agreement entered into by the OLP and
the Borrower, as consented to and acknowledged by the Existing Agent and the Administrative Agent, respectively, (ii) directs the Administrative Agent and, to the extent such Lender is a lender under the Existing Credit Agreement, the Existing
Agent to execute the Genesis Assignment and Assumption Agreement, (iii) ratifies and affirms the execution thereof by such parties, and (iv) ratifies and affirms and, to the extent such Lender is a lender under the Existing Credit
Agreement, consents to the replacement of the OLP by the Borrower as the borrower. 
 (h) Each Lender hereby
authorizes the Administrative Agent and the Borrower Parties to take all such actions necessary to release any Liens on any vehicles or aircraft of the Borrower Parties that were granted by such Borrower Parties to the Existing Agent pursuant to the
Security Documents (as defined in the Existing Credit Agreement). 
 SECTION 10.19
CONSENTS. EACH LENDER AUTHORIZES AND INSTRUCTS THE ADMINISTRATIVE AGENT TO
ENTER INTO EACH OF (a) THE NEJD CONSENT AND THE NEJD INTERCOMPANY CONSENT AND
(b), IN THE EVENT THE EXCHANGE CONSENT IS EXECUTED AND DELIVERED PURSUANT
TO SECTION 2(b) OF THE NEJD CONSENT, THE EXCHANGE CONSENT (COLLECTIVELY, THE
“CONSENTS”) ON BEHALF OF THE LENDERS, AND TO TAKE ALL
ACTIONS (AND EXECUTE ALL DOCUMENTS) REQUIRED (OR DEEMED ADVISABLE) BY IT
IN ACCORDANCE WITH THE TERMS OF THE CONSENTS AND EACH LENDER AGREES
TO BE BOUND BY THE TERMS AND PROVISIONS OF THE CONSENTS. 

[Signature page follows] 
  

 123 

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

									
	BORROWER:	 		 	GENESIS ENERGY, L.P.
		 		 		 	By:	 	GENESIS ENERGY, LLC, its general partner
					
		 		 		 	By:	 	/s/ R. V. Deere
		 		 		 		 	Robert V. Deere
		 		 		 		 	Chief Financial Officer

 [Signature Page-
Credit Agreement] 

			
	BNP PARIBAS, as Administrative Agent and a Lender
		
	By:	 	/s/ Chris Lyons
	Name:	 	Chris Lyons
	Title:	 	Managing Director
		
	By:	 	/s/ Andrew Ostrov
	Name:	 	Andrew Ostrov
	Title:	 	Director

 [Signature Page- Credit
Agreement] 

			
	BNP PARIBAS SECURITIES CORP., as Joint Lead Arranger and Joint Bookrunner
		
	By:	 	/s/ Daniel W. Whalen
	Name:	 	Daniel W. Whalen
	Title:	 	Managing Director
		
	By:	 	/s/ Helene Perido
	Name:	 	Helene Perido
	Title:	 	Head of Loan Sales

 [Signature Page-
Credit Agreement] 

			
	BANC OF AMERICA SECURITIES LLC, as Joint Lead Arranger and Joint Bookrunner
		
	By:	 	/s/ Jeffrey Bloomquist
	Name:	 	Jeffrey Bloomquist
	Title:	 	Managing Director

 [Signature Page-
Credit Agreement] 

			
	BANK OF AMERICA, N.A. as Syndication Agent and a Lender
		
	By:	 	/s/ Christopher T. Renyi
	Name:	 	Christopher T. Renyi
	Title:	 	Vice President

 [Signature Page-
Credit Agreement] 

			
	BMO CAPITAL MARKETS, as Joint Lead Arranger and Joint Bookrunner
		
	By:	 	/s/ Kevin Utsey
	Name:	 	Kevin Utsey
	Title:	 	Vice President

 [Signature Page-
Credit Agreement] 

			
	BANK OF MONTREAL, as Lender
		
	By:	 	/s/ Kevin Utsey
	Name:	 	Kevin Utsey
	Title:	 	Vice President

 [Signature Page-
Credit Agreement] 

			
	U.S. BANK NATIONAL ASSOCIATION, as Lender
		
	By:	 	/s/ Monte E. Deckerd
	Name:	 	Monte E. Deckerd
	Title:	 	Senior Vice President

 [Signature
Page- Credit Agreement] 

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Lender
		
	By:	 	/s/ Enrique Landeata
	Name:	 	Enrique Landaeta
	Title:	 	Vice President
		
	By:	 	/s/ Evelyn Thierry
	Name:	 	Evelyn Thierry
	Title:	 	Director

 [Signature Page- Credit
Agreement] 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Lender
		
	By:	 	/s/ Leanne S. Phillips
	Name:	 	Leanne S. Phillips
	Title:	 	Director

 [Signature Page- Credit
Agreement] 

			
	ROYAL BANK OF CANADA, as a Lender
		
	By:	 	/s/ Jason S. York
	Name:	 	Jason S. York
	Title:	 	Authorized Signatory

 [Signature
Page- Credit Agreement] 

			
	AMEGY BANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	/s/ Charles W. Patterson
	Name:	 	Charles W. Patterson
	Title:	 	Senior Vice President

 [Signature
Page- Credit Agreement] 

			
	COMPASS BANK, as Lender
		
	By:	 	/s/ Greg Determann
	Name:	 	Greg Determann
	Title:	 	Senior Vice President

 [Signature
Page- Credit Agreement] 

			
	UBS Loan Finance LLC, as a Lender
		
	By:	 	/s/ Irja R. Otsa
	Name:	 	Irja R. Otsa
	Title:	 	Associate Director
		
	By:	 	/s/ Omar Musule
	Name:	 	Omar Musule
	Title:	 	Associate Director

 [Signature Page-
Credit Agreement] 

			
	REGIONS BANK, as a Lender
		
	By:	 	/s/ Charles De Lacey
	Name:	 	Charles De Lacey
	Title:	 	SVP

 [Signature Page- Credit
Agreement] 

 SCHEDULE 2.01 

Committed Amounts 
  

				
	 Name of Lender
	  	Committed Amount
	 BNP Paribas
	  	$	60,000,000.00
	 Bank of America, N.A.
	  	$	60,000,000.00
	 Bank of Montreal
	  	$	60,000,000.00
	 U.S. Bank National Association
	  	$	60,000,000.00
	 Wells Fargo Bank, National Association
	  	$	45,000,000.00
	 Deutsche Bank Trust Company Americas
	  	$	45,000,000.00
	 Royal Bank of Canada
	  	$	45,000,000.00
	 UBS Loan Finance LLC
	  	$	45,000,000.00
	 Regions Bank
	  	$	45,000,000.00
	 Amegy Bank National Association
	  	$	30,000,000.00
	 Compass Bank
	  	$	30,000,000.00
		  	 	 
	 Total
	  	$	525,000,000,000.00
		  	 	 

 Credit Agreement Schedule 2.01-1 

 SCHEDULE 2.06 

Existing Letters of Credit 
  

									
	 ISSUED BY
	  	 PARTY
	  	AMOUNT	  	 ISSUE DATE
	  	 EXPIRATION

DATE

	Bank of America	  	 Liberty Mutual
 Insurance
Company
 H.O. Financial –
 Credit

 175 Berkeley Street
 Boston, MA 02117

	  	$1,770,000	  	January 6, 2010	  	January 5, 2011
	BNP Paribas	  	 Hilcorp Energy

Company
 1201 Louisiana, Suite

1400,
 Houston, TX 77002
	  	$1,400,000	  	June 1, 2010	  	July 26, 2010
	BNP Paribas	  	 Palmer Petroleum, Inc.
 401
Edwards Street,
 Suite 1400

Shreveport, LA 71101
	  	$1,100,000	  	June 1, 2010	  	July 26, 2010

  

 Credit Agreement Schedule 2.06-1 

 SCHEDULE 3.05 

Certain Obligations 

None. 
  

 Credit Agreement Schedule 3.05-1 

 SCHEDULE 3.06(a) 

Properties 
 None.

  

 Credit Agreement Schedule 3.06(a)-1 

 SCHEDULE 3.07 

Disclosed Matters 

None. 
  

 Credit Agreement Schedule 3.07-1 

 SCHEDULE 3.14 

Insurance 
  

	1.	General Liability/Marine Terminal Operators 

Limit: $500,000 per occurrence for non-spill claims, $2 million aggregate 

Period: 11/1/09 – 11/1/10 

Carrier: Zurich Subsidiary – Steadfast Insurance Company 

 

	2.	Excess Liability – First Layer 

Limit: $15 million excess of underlying liability policies 

Period: 11/1/09 – 11/1/10 

Carrier: AIG Subsidiary – Steadfast Insurance Company 

 

	3.	Excess Liability – Second Layer 

Limit: $20 million excess of underlying $15 million layer 

Period: 11/1/09 – 11/1/10 

Carrier: Zurich Subsidiary – Westchester Surplus Lines Insurance 

 

	4.	Excess Liability – Third Layer 

Limit: $40 million excess of underlying $35 million layer 

Period: 11/1/09 – 11/1/10 

Carrier: Allied World Assurance Company (US) Inc. and Axis Surplus Insurance Company 

 

	5.	Auto Liability 

 Limit: $1
million 
 Period: 11/1/09 – 11/1/10 

Carrier: Liberty Mutual Insurance Company 
  

	6.	Truckers’ Liability 

 Limit:
$1 million 
 Period: 11/1/09 – 11/1/10 

Carrier: Liberty Mutual Insurance Company 
  

	7.	Open Marine Cargo/Motor Truck Cargo 

Limit: Varies with cargo shipment – maximum $4.5 million per conveyance 

Period: 11/1/09 – 11/1/10 

Carrier: Starr Indemnity & Liability Company 
  

	8.	Charterers Legal Liability 

Limit: $1,000,000 

Period: 11/1/09 – 11/1/10 

Carrier: Starr Indemnity & Liability Company 

 

 Credit Agreement Schedule 3.14-1 

	9.	Stevedore’s Liability 

Limit: $1,000,000 

Period: 11/1/09 – 11/1/10 

Carrier: Starr Indemnity & Liability Company 
  

	10.	Excess Marine Liabilities 

Limit: $4,000,000 

Period: 11/1/09 – 11/1/10 

Carrier: Starr Indemnity & Liability Company 
  

	11.	Foreign Liability Package 

Limit: $4,000,000 GL, $1,000,000 AL and EL 

Period: 11/1/09 – 11/1/10 

Carrier: AIG Subsidiary – Insurance Company of the State of PA 

 

	12.	Pollution Legal Liability 

Limit: $5,000,000 

Period: 7/25/07 – 7/25/10 

Carrier: AIG Subsidiary – American International Specialty Lines 

 

	13.	Workers’ Compensation and Employer’s Liability 

Limit: Statutory 

Period: 1/1/10 – 11/1/11 

Carrier: Liberty Mutual Insurance Company 
  

	14.	Property Damage 

 Limit:
Scheduled estimated replacement cost for above-ground assets 
 Period: 11/1/09 – 11/1/10 

Carrier: Max Specialty Insurance Company 
  

	15.	OSFR (Oil Spill Financial Responsibility) 

Limit: $35 million (face policy that relies on A, B & C above for actual coverage) 

Period: 11/1/09 – 11/1/10 

Carrier: Lloyd’s Syndicates 
  

	16.	Aircraft Liability 

 Limit: $250
million 
 Period: 07/25/09 –07/25/10 

Carrier: Federal Insurance Company 
  

	17.	General Partners’ Liability 

Limit: $5 million 

Period: 2/5/10 – 2/5/11 

Carrier: Associated Electric and Gas Insurance Services Ltd. (Aegis) 

 

 Credit Agreement Schedule 3.14-2 

	18.	Excess General Partners’ Liability 

Limit: $5 million excess of underlying $5 million 

Period: 2/5/10 – 2/5/11 

Carrier: Twin City Fire Insurance Company (The Hartford) 
  

	19.	Excess General Partners’ Liability 

Limit: $5 million excess of underlying $10 million 

Period: 2/5/10 – 2/5/11 

Carrier: Zurich American Insurance Company 
  

	20.	Excess General Partners’ Liability 

Limit: $5 million excess of underlying $15 million 

Period: 2/5/10 – 2/5/11 

Carrier: U.S. Specialty Insurance Company 
  

	21.	Excess General Partners’ Liability 

Limit: $5 million excess of underlying $20 million 

Period: 2/5/10 – 2/5/11 

Carrier: Illinois National Insurance Company (Chartis) 
  

	22.	Excess General Partners’ Liability 

Limit: $5 million excess of underlying $25 million 

Period: 3/15/10 – 2/5/11 

Carrier: Federal Insurance Company (Chubb) 
  

	23.	Excess General Partners’ Liability 

Limit: $5 million excess of underlying $30 million 

Period: 3/15/10 – 2/5/11 

Carrier: AXIS Insurance Company 
  

	24.	Excess General Partners’ Liability 

Limit: $5 million excess of underlying $35 million 

Period: 3/15/10 – 2/5/11 

Carrier: Arch Insurance Company 
  

	25.	Excess General Partners’ Liability-A-Side Management Liability 

Limit: $10 million excess of underlying $40 million 

Period: 3/15/10 – 02/5/11 

Carrier: XL Specialty Insurance Company 
  

	26.	Excess General Partners’ Liability – A-Side Management Liability 

Limit: $5 million excess of underlying $50 million 

Period: 3/15/10 – 02/5/11 

Carrier: Federal Insurance Company (Chubb) 
  

 Credit Agreement Schedule 3.14-3 

	27.	Excess General Partners’ Liability – A-Side Management Liability 

Limit: $5 million excess of underlying $55 million 

Period: 3/15/10 – 02/5/11 

Carrier: Berkley Insurance Company 
  

	28.	Fiduciary Liability 

 Limit: $5
million 
 Period: 1/1/10 – 1/1/11 

Carrier: Executive Risk Indemnity Inc. 
  

	29.	Crime 

 Limit: $5 million

 Period: 1/1/10 – 1/1/11 

Carrier: Executive Risk Indemnity Inc. 
  

	30.	General Partners’ Liability – Run-off 

Limit: $5 million 

Period: 2/5/10 – 2/5/16 

Carrier: Associated Electric and Gas Insurance Services Ltd. (Aegis) 

 

	31.	Excess General Partners’ Liability – Run-off 

Limit: $5 million excess of underlying $5 million 

Period: 2/5/10 – 2/5/16 

Carrier: Twin City Fire Insurance Company (The Hartford) 
  

	32.	Excess General Partners’ Liability – Run-off 

Limit: $5 million excess of underlying $10 million 

Period: 2/5/10 – 2/5/16 

Carrier: Zurich American Insurance Company 
  

	33.	Excess General Partners’ Liability – Run-off 

Limit: $5 million excess of underlying $15 million 

Period: 2/5/10 – 2/5/16 

Carrier: U.S. Specialty Insurance Company 
  

	34.	Excess General Partners’ Liability – Run-off 

Limit: $5 million excess of underlying $20 million 

Period: 2/5/10 – 2/5/16 

Carrier: Illinois National Insurance Company (Chartis) 
  

	35.	Excess General Partners’ Liability-A-Side Management Liability – Run-off 

Limit: $10 million excess of underlying $40 million 

Period: 3/15/10 – 02/5/16 

Carrier: XL Specialty Insurance Company 
  

 Credit Agreement Schedule 3.14-4 

	36.	Excess General Partners’ Liability – A-Side Management Liability – Run-off 

Limit: $5 million excess of underlying $50 million 

Period: 3/15/10 – 02/5/16 

Carrier: Federal Insurance Company (Chubb) 
  

	37.	Boiler and Machinery 

 Limit: $20
million 
 Period: 11/1/09 – 11/1/10 

Carrier: Continental Casualty Company 
  

 Credit Agreement Schedule 3.14-5 

 SCHEDULE 3.15 

Material Agreements 
  

	1.	Certificate of Limited Partnership of Genesis Energy, L.P. 

  

	2.	Fourth Amended and Restated Agreement of Limited Partnership of Genesis Energy, L.P. 

 

	3.	Amendment No. 1 to Fourth Amended and Restated Agreement of Limited Partnership of Genesis Energy, L.P. 

 

	4.	Amendment No. 2 to the Fourth Amended and Restated Partnership Agreement of Genesis Energy, L.P., dated March 1, 2010 

 

	5.	Certificate of Limited Partnership of Genesis Crude Oil, L.P. 

  

	6.	Fourth Amended and Restated Agreement of Limited Partnership of Genesis Crude Oil, L.P. 

 

	7.	Certificate of Conversion of Genesis Energy, Inc., a Delaware corporation, into Genesis Energy, LLC, a Delaware limited liability company 

 

	8.	Certificate of Formation of Genesis Energy, LLC 

  

	9.	Amended and Restated Limited Liability Company Agreement of Genesis Energy, LLC dated February 5, 2010 

 

	10.	Form of Unit Certificate of Genesis Energy, L.P. 

  

	11.	Contribution and Sale Agreement by and among Davison Petroleum Products, L.L.C., Davison Transport, Inc., Transport Company, Davison Terminal Service, Inc., Sunshine
Oil & Storage, Inc., T&T Chemical, Inc. Fuel Masters, LLC, TDC, L.L.C. and Red River Terminals, L.L.C. dated April 25, 2007 

  

	12.	Amendment No. 1 to the Contribution and Sale Agreement dated July 25, 2007 

 

	13.	Amendment No. 2 to the Contribution and Sale Agreement dated October 15, 2007 

 

	14.	Amendment No. 3 to the Contribution and Sale Agreement dated March 3, 2008 

 

	15.	Registration Rights Agreement dated as of July 25, 2007 

  

	16.	Amendment No. 1 to the Registration Rights Agreement dated November 16, 2007 

 

	17.	Amendment No. 2 to the Registration Rights Agreement dated December 6, 2007 

 

	18.	Unitholder Rights Agreement dated July 25, 2007 

  

 Credit Agreement Schedule 3.15-1 

	19.	Amendment No. 1 to the Unitholder Rights Agreement dated October 15, 2007 

 

	20.	Pledge and Security Agreement dated July 25, 2007 

  

	21.	Pipeline Financing Lease Agreement by and between Genesis NEJD Pipeline, LLC, as Lessor and Denbury Onshore, LLC, as Lessee for the North East Jackson Dome Pipeline
dated May 30, 2008 

  

	22.	Purchase and Sale Agreement between Denbury Onshore, LLC and Genesis Free State Pipeline, LLC dated May 30, 2008 

 

	23.	Transportation Services Agreement between Genesis Free State Pipeline, LLC and Denbury Onshore, LLC dated May 30, 2008 

 

	24.	Contribution and Sale Agreement by and Among Grifco Transportation, Ltd., Grifco Transportation Two, Ltd., and Shore Thing, Ltd. and Genesis Marine Investments, LLC and
Genesis Energy, L.P. and TD Marine, LLC 

  

	25.	Omnibus Agreement dated as of June 11, 2008 by and among TD Marine, LLC, James E. Davison, Steven K. Davison, Todd A Davison and Genesis Energy, L.P.

  

	26.	Registration Rights Agreement among Denbury Resources, Inc., Denbury Gathering & Marketing, Inc., Denbury Onshore, LLC and Genesis Energy, L.P. dated
February 5, 2010 

  

	27.	Genesis Energy, LLC First Amended and Restated Stock Appreciation Rights Plan effective February 24, 2009 

 

	28.	Form of Stock Appreciation Rights Plan Grant Notice 

  

	29.	Genesis Energy, LLC Amended and Restated Severance Protection Plan dated December 12, 2006 

 

	30.	Amendment to the Genesis Energy Severance Protection Plan dated December 31, 2008 

 

	31.	Genesis Energy, Inc. 2007 Long Term Incentive Plan dated September 18, 2007 

 

	32.	Form of 2007 Phantom Unit Grant Agreement (3-Year Graded) 

  

	33.	Form of 2007 Phantom Unit Grant Agreement (3-Year Cliff) 

  

	34.	Employment Agreement by and between Genesis Energy, LLC and Grant E. Sims dated December 31, 2008 

 

	35.	Employment Agreement by and between Genesis Energy, LLC and Robert V. Deere dated December 31, 2008 

 

	36.	Employment Agreement by and between Genesis Energy, Inc. and Steve Nathanson dated July 25, 2007 

 

 Credit Agreement Schedule 3.15-2 

	37.	Waiver Agreement (Sims) dated February 5, 2010 

  

	38.	Waiver Agreement (Deere) dated February 5, 2010 

  

	39.	Restricted Unit Agreement (Sims) dated February 5, 2010 

  

	40.	Restricted Unit Agreement (Deere) dated February 5, 2010 

  

	41.	Restricted Unit Agreement (Pape) dated February 5, 2010 

  

	42.	Restricted Unit Agreement (Nathanson) dated February 5, 2010 

  

	43.	Form of Indemnity Agreement, among Genesis Energy, L.P., Genesis Energy, LLC and Quintana Energy Partners II, L.P. and each of the Directors of Genesis Energy, LLC
dated March 4, 2010 

  

	44.	2010 Long-Term Incentive Plan 

  

 Credit Agreement Schedule 3.15-3 

 SCHEDULE 3.18 

Force Majeure 

None. 
  

 Credit Agreement Schedule 3.18-1 

 SCHEDULE 3.19(a) 

Subsidiaries and Joint Ventures 
  

													
	 Legal Name
	  	 Type of

Entity
	  	 Jurisdiction

of

Organization
	  	 Restricted

or

Unrestricted

Subsidiary
	  	 Class and

Number

Equity Interests
Authorized
	  	 Class and

Number

Equity

Interests
Outstanding
	  	 Shares

Covered by

outstanding

options,

warrants,

rights of
conversion,

etc.

	  

Subsidiaries
  

	 Genesis Crude
 Oil, L.P.

	  	Limited Partnership	  	Delaware	  	Restricted	  	 Not

applicable
	  	 GP interest
 100%
Limited
 Partner

Interest
	  	Not applicable
							
	 Genesis
 Pipeline Texas,

 L.P.
	  	 Limited

Partnership
	  	Delaware	  	Restricted	  	 Not

applicable
	  	 GP interest
 and
100%
 Limited
 Partner

Interest
	  	Not applicable
							
	 Genesis
 Pipeline
USA,
 L.P.
	  	 Limited

Partnership
	  	Delaware	  	Restricted	  	 Not

applicable
	  	 GP interest
 and
100%
 Limited
 Partner

Interest
	  	Not applicable
							
	 Genesis CO2

Pipeline,
 L.P.
	  	 Limited

Partnership
	  	Delaware	  	Restricted	  	 Not

applicable
	  	 GP interest
 and
100%
 Limited
 Partner

Interest
	  	Not applicable
							
	 Genesis Natural
 Gas
Pipeline,
 L.P.
	  	 Limited

Partnership
	  	Delaware	  	Restricted	  	 Not

applicable
	  	 GP interest
 and
100%
 Limited
 Partner

Interest
	  	Not applicable
							
	 Genesis Syngas
 Investments,

 L.P.
	  	 Limited

Partnership
	  	Delaware	  	Restricted	  	 Not

applicable
	  	 GP interest
 and
100%
 Limited
 Partner

Interest
	  	Not applicable
							
	 Genesis Energy

Finance
 Corporation
	  	Corporation	  	Delaware	  	Restricted	  	 Common
 Stock,
100
 shares
 authorized
	  	 100 shares

Common
 Stock
	  	Not applicable
							
	 Genesis
 Pipeline

Alabama, LLC
	  	 Limited

Liability
 Company
	  	Alabama	  	Restricted	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable
							
	 Genesis
 Davison,
LLC
	  	 Limited

Liability
 Company
	  	Delaware	  	Restricted	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable

  

 Credit Agreement Schedule 3.19(a)-1 

													
	 Legal Name
	  	 Type of

Entity
	  	 Jurisdiction

of

Organization
	  	 Restricted

or

Unrestricted

Subsidiary
	  	 Class and

Number

Equity Interests
Authorized
	  	 Class and

Number

Equity

Interests
Outstanding
	  	 Shares

Covered by

outstanding

options,

warrants,

rights of
conversion,

etc.

	 Davison

Transportation
 Services, Inc.
	  	Corporation	  	Delaware	  	Restricted	  	 Common
 Stock,
100
 shares
 authorized
	  	 100 shares

Common
 Stock
	  	Not applicable
							
	 Davison

Petroleum
 Supply, LLC
	  	 Limited

Liability
 Company
	  	Delaware	  	Restricted	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable
							
	 Davison

Transportation
 Services, LLC
	  	 Limited

Liability
 Company
	  	Delaware	  	Restricted	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable
							
	 TDC Services
 Corporation,

 Inc.
	  	Corporation	  	Delaware	  	Restricted	  	 Common
 Stock,
100
 shares
 authorized
	  	 100 shares

Common
 Stock
	  	Not applicable
							
	 TDC Genesis

Corp.
	  	Corporation	  	Delaware	  	Restricted	  	 Common
 Stock,
100
 shares
 authorized
	  	 100 shares

Common
 Stock
	  	Not applicable
							
	 TDC Davison

Corp.
	  	Corporation	  	Delaware	  	Restricted	  	 Common
 Stock,

100 shares
 authorized
	  	 100 shares

Common
 Stock
	  	Not applicable
							
	 Fuel Masters,

LLC
	  	 Limited

Liability
 Company
	  	Texas	  	Restricted	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable
							
	 Red River

Terminals,
 L.L.C.
	  	 Limited

Liability
 Company
	  	Louisiana	  	Restricted	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable
							
	TDC, L.L.C.	  	 Limited

Liability
 Company
	  	Louisiana	  	Restricted	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable
							
	 Genesis TDC
 Texas,
LLC
	  	 Limited

Liability
 Company
	  	Texas	  	Restricted	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable
							
	 Red River

Terminals,
 L.L.C.
	  	 Limited

Liability
 Company
	  	Delaware	  	Restricted	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable
							
	 TDC Americas,

LLC
	  	 Limited

Liability
 Company
	  	Delaware	  	Unrestricted	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable
							
	 TDC South
 America,
LLC
	  	 Limited

Liability
 Company
	  	Delaware	  	Unrestricted	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable
							
	 TDC Energy
 Canada
Ltd.
	  	Company	  	Canada	  	Unrestricted	  	Unlimited	  	 101 Class “A”

Voting
 Common

Shares
	  	Not applicable

  

 Credit Agreement Schedule 3.19(a)-2 

													
	 Legal Name
	  	 Type of

Entity
	  	 Jurisdiction

of

Organization
	  	 Restricted

or

Unrestricted

Subsidiary
	  	 Class and

Number

Equity Interests
Authorized
	  	 Class and

Number

Equity

Interests
Outstanding
	  	 Shares

Covered by

outstanding

options,

warrants,

rights of
conversion,

etc.

	 TDC Peru

S.A.C.
	  	Corporation	  	Peru	  	Unrestricted	  	 418,067 of
 the

Peruvian equivalent
 of shares of

Common
 Stock
	  	 418,067 of
 the

Peruvian equivalent
 of shares of

Common
 Stock
	  	Not applicable
							
	 TDC Chile,

SpA
	  	 Limited

Partnership
	  	Chile	  	Unrestricted	  	1,000 shares	  	1,000 shares	  	Not applicable
							
	 Genesis NEJD
 Holdings, LLC

	  	 Limited

Liability
 Company
	  	Delaware	  	Restricted	  	 Not

Applicable
	  	 Member

Interests
	  	Not applicable
							
	Genesis NEJD Pipeline, LLC	  	 Limited

Liability
 Company
	  	Delaware	  	Unrestricted	  	 Not

Applicable
	  	 Member

Interests
	  	Not applicable
							
	 Genesis Free
 State
Holdings,
 LLC
	  	 Limited

Liability
 Company
	  	Delaware	  	Restricted	  	 Not

Applicable
	  	 Member

Interests
	  	Not applicable
							
	 Genesis Free
 State
Pipeline,
 LLC
	  	 Limited

Liability
 Company
	  	Delaware	  	Unrestricted	  	 Not

Applicable
	  	Member Interests	  	Not applicable
							
	 Genesis Marine
 Investments,

 LLC
	  	 Limited

Liability
 Company
	  	Delaware	  	Restricted	  	 Not

Applicable
	  	 Member

Interests
	  	Not applicable
	
	Joint Ventures
							
	 T&P Syngas

Supply
 Company
	  	 Joint-
 Venture -

General
 Partnership
	  	Delaware	  	 Not

applicable
	  	 Not

applicable
	  	 General
 Partner

Interests
	  	Not applicable
							
	 Sandhill Group,

L.L.C.
	  	 Joint
 Venture
–
 Limited
 Liability

Company
	  	Mississippi	  	 Not

applicable
	  	 Not

applicable
	  	 Membership

Interests
	  	Not applicable

  

 Credit Agreement Schedule 3.19(a)-3 

													
	 Legal Name
	  	 Type of

Entity
	  	 Jurisdiction

of

Organization
	  	 Restricted

or

Unrestricted

Subsidiary
	  	 Class and

Number

Equity Interests
Authorized
	  	 Class and

Number

Equity

Interests
Outstanding
	  	 Shares

Covered by

outstanding

options,

warrants,

rights of
conversion,

etc.

	 Faustina

Hydrogen
 Products LLC
	  	 Joint
 Venture
–
 Limited
 Liability

Company
	  	Delaware	  	 Not

applicable
	  	 15,000,000

Common
 Units,

100,000,000
 Preferred

Units of
 which 6,000,000

are Class A Preferred
 Units,
4,950,000
 are Class B

Preferred
 Units and

89,050,000
 are Class C

Preferred
 Units*
	  	 10,000,000

Common
 Units,

70,072620
 Preferred

Units of which
 6,000,000 are

Class A
 Preferred

Units, 4,545,000 are
 Class B

Preferred
 Units and

59,527,620 are
 Class C

Preferred
 Units.
	  	 Equity interest
 subject to

 conversion,
 preemptive

rights and
 other rights.

							
	DG JV, LLC	  	 Limited

Liability
 Company
	  	Delaware	  	 Not

applicable
	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable
							
	DG Marine Holdings, LLC	  	 Limited

Liability
 Company
	  	Delaware	  	 Not

applicable
	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable
							
	 DG Marine
 Transportation,

 LLC
	  	 Limited

Liability
 Company
	  	Delaware	  	 Not

applicable
	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable
							
	 DGMT
 Holdings,
LLC
	  	 Limited

Liability
 Company
	  	Delaware	  	 Not

applicable
	  	 Not

applicable
	  	 Member

Interests
	  	Not applicable
							
	 Grifco

Transportation
 Two, Ltd.
	  	 Limited

Partnership
	  	Texas	  	 Not

applicable
	  	 Not

applicable
	  	 1% GP interest
 and
99%
 Limited
 Partner

Interest
	  	Not applicable

  

	*	Unlimited number of Class “A” Voting Common Shares without par value; an unlimited number of Class “B” Non-Voting Common shares without par value;
an unlimited number of Class “C” Voting Non-Participating shares without par value; an unlimited number of Class “D” Non-Voting Preference shares with a par value of $0.01 each; an unlimited number of Class “E”
Non-Voting Preference shares with a par value of $0.01 each; an unlimited number of Class “F” Non-Voting Preference Shares without par value; an unlimited number of Class “G” Voting Common shares without par value; an unlimited
number of Class “H” Non-Voting Common shares without par value. 

  

 Credit Agreement Schedule 3.19(a)-4 

 SCHEDULE 3.19(b) 

Consents 
  

	1.	Praxair Hydrogen Supply, Inc. consent to pledge all (or any portion) of Genesis Crude Oil, L.P.’s interests in T&P Syngas Supply Company and the T&P Syngas
Supply Company Partnership Agreement. 

  

	2.	The Magna Carta Group, L.L.C. consent to pledge of all (or any portion) of Genesis Crude Oil, L.P.’s interests in Sandhill Group, L.L.C., the Sandhill Group,
L.L.C. Operating Agreement, other organizational documents of the Sandhill Group, L.L.C. and any other Sandhill Group, L.L.C. related agreements. 

  

 Credit Agreement Schedule 3.19(b)-1 

 SCHEDULE 3.19(c) 

Organizational Chart 

 

 

  

 Credit Agreement Schedule 3.19(c)-1 

 SCHEDULE 3.20(c) 

Copyright Violations 

None. 
  

 Credit Agreement Schedule 3.20(c)-1 

 SCHEDULE 5.12 

Insurance 

Insurance is not maintained on the NEJD Pipeline and the assets and operations related thereto. 

 

 Credit Agreement Schedule 5.12-1 

 SCHEDULE 5.16 

Risk Management Requirements 

Genesis Energy, L.P. will not have any Open Positions in Petroleum Inventory (crude oil or other products that Genesis Energy, L.P. markets). Open
Position means (i) any physical Petroleum Inventory or (ii) any purchase or sale contract for Petroleum Inventory that does not have an Offsetting Position. Offsetting Position means any offsetting sale or purchase agreement, an offsetting
NYMEX contract, an offsetting physical inventory position (excluding Minimum Inventories) or an offsetting swap, collar or option contract, in each case substantially eliminating price risk. 

Genesis Energy, L.P. will not write (i.e. sell) or otherwise participate in any swap, collar or similar agreement relating to Petroleum Inventory, or
write (i.e. sell) any option, unless it (i) has an Offsetting Position in Petroleum Inventory volumes and (ii) the counter-party (or guarantor to the obligations of such counter-party) at the time such financial instrument is made has one
or more long term unsecured debt obligations rated A or A2 or better, respectively, by either S&P or Moody’s. 
  

 Credit Agreement Schedule 5.16-1 

 SCHEDULE 6.01 

Indebtedness 
  

				
	 Description
	  	Amount
	 Surety Bonds (not supported by a Letter of Credit)
	  	$	5,250,100

  

 Credit Agreement Schedule 6.01-1 

 SCHEDULE 6.02 

Liens 
  

	1.	Option granted to Denbury Resources, Inc. to purchase Mississippi pipeline contained in Fourth Amended and Restated Partnership Agreement of Genesis Energy, L.P.

  

	2.	Restriction on encumbrance or pledge pursuant to Production Payment Purchase and Sale Agreement between Genesis Crude Oil, L.P. and Denbury Resources Inc. dated
November 14, 2003 

  

	3.	Restriction on encumbrance or pledge pursuant to Carbon Dioxide Transportation Agreement between Genesis Crude Oil, L.P. and Denbury Resources Inc. dated
September 1, 2003 

  

	4.	Restriction on encumbrance or pledge pursuant to Second Production Payment Purchase and Sale Agreement between Genesis Crude Oil, L.P. and Denbury Onshore LLC dated
August 26, 2004 

  

	5.	Restriction on encumbrance or pledge pursuant to Second Carbon Dioxide Transportation Agreement between Genesis Crude Oil, L.P. and Denbury Onshore LLC dated
July 1, 2004 

  

	6.	Restriction on encumbrance or pledge pursuant to Third Production Payment Purchase and Sale Agreement between Genesis Crude Oil, L.P. and Denbury Onshore LLC dated
October 11, 2005 

  

	7.	Restriction on encumbrance or pledge pursuant to Third Carbon Dioxide Transportation Agreement between Genesis Crude Oil, L.P. and Denbury Onshore LLC dated
September 1, 2005 

  

	8.	Option granted to Denbury Onshore LLC to purchase Brookhaven Carbon Dioxide Transportation Agreement made and entered into effective as of December 1, 2004, by and
between Genesis CO2 Pipeline, L.P. and Denbury Onshore, LLC 

  

	9.	Right of first refusal pursuant to T&P Syngas Supply Company Partnership Agreement 

 

	10.	Right of first refusal pursuant to First Amended and Restated Limited Liability Company Operating Agreement of Sandhill Group, L.L.C. dated April 4, 2006

  

	11.	Consent to assign or transfer pursuant to Amended and Restated Limited Liability Agreement of Faustina Hydrogen Products LLC Agreement 

 

	12.	Consent to assign or transfer pursuant to Faustina Investment and Development Agreement 

 

 Credit Agreement Schedule 6.02-1 

	13.	Consent to assign pursuant to Olive McComb Field Transportation Agreement made and entered into effective as of November 15, 2004, by and between Genesis Pipeline
USA, L.P. and Denbury Onshore, LLC 

  

	14.	Consent to assign pursuant to Brookhaven Field Transportation Agreement made and entered into effective as of January 1, 2004, by and between Genesis Pipeline USA,
L.P. and Denbury Onshore, LLC 

  

 Credit Agreement Schedule 6.02-2 

 SCHEDULE 6.04 

Investments 
 238
shares of LyondellBasell Industries N.V. (“Lyondell”) Class A Common Stock held by Genesis Crude Oil, L.P. received in connection with Lyondell’s reorganization. 

 

 Credit Agreement Schedule 6.04-1 

 SCHEDULE 6.09 

Transactions with Affiliates 
  

	1.	Fourth Amended and Restated Agreement of Limited Partnership of Genesis Energy, L.P. as amended by Amendment No. 1 thereto 

 

	2.	Fourth Amended and Restated Agreement of Limited Partnership of Genesis Crude Oil, L.P. 

 

	3.	Purchase and Sale Agreement for Membership Interest in Sandhill Group, L.L.C. between The Magna Carta Group, L.L.C. and Genesis Crude Oil, L.P.

  

	4.	Earnout Agreement by and between the Magna Carta Group, L.L.C. and Genesis Crude Oil, L.P. 

 

	5.	Commercial Guaranty with Sandhill Group, L.L.C. as Borrower, Community Trust Bank as Lender and Genesis Crude Oil, L.P. as Guarantor 

 

	6.	First Amended and Restated Limited Liability Company Operating Agreement of Sandhill Group, L.L.C. dated April 4, 2006 

 

	7.	T&P Supply Company Partnership Agreement 

  

	8.	Contract for Sale of Carbon Dioxide to Sandhill Group LLC by Denbury Onshore LLC dated August 1, 2005, assigned to Genesis Crude Oil, L.P. effective
September 1, 2005 

  

	9.	Registration Rights Agreement, dated July 25, 2007 and as amended from time to time, by and among the Parent, Davison Petroleum products, L.L.C., a Louisiana
limited liability company (“DPP”), Davison Transport, Inc., a Louisiana corporation (“DT”), Transport Company, an Arkansas corporation (“Transport”), Davison Terminal Service,
Inc., a Louisiana corporation (“DTS”), Sunshine Oil & Storage, Inc., a Louisiana corporation (“Sunshine”) and T&T Chemical, Inc., an Arkansas corporation
(“T&T”) 

  

	10.	Unitholder Rights Agreement, dated July 25, 2007 and as amended from time to time, by and among the Parent, the General Partner, Genesis Davison, DPP, DT,
Transport, DTS, Sunshine and T&T 

  

	11.	Pledge and Security Agreement, dated July 25, 2007 and as amended from time to time, by and among the Parent, the General Partner, Genesis Davison, DPP, DT,
Transport, DTS, Sunshine and T&T 

  

	12.	Aircraft Interchange Agreement among Genesis Crude Oil, L.P. and Division Petroleum Supply, L.L.C., Ruston Aviation, LLC and DT, dated December 28, 2007

  

 Credit Agreement Schedule 6.09-1 

	13.	Intercompany Note, made by Genesis NEJD Pipeline, LLC, a Delaware limited liability company, in favor of Genesis NEJD Holdings, LLC, a Delaware limited liability
company, dated May 30, 2008 

  

	14.	NEJD Intercompany Collateral Agreement made by Genesis NEJD Pipeline, LLC, a Delaware limited liability company, in favor of Genesis NEJD Holdings, LLC, a Delaware
limited liability company, dated as of May 30, 2008 

  

	15.	Consent and Agreement, dated as of May 30, 2008, among Genesis NEJD Pipeline, LLC, a Delaware limited liability company, Genesis NEJD Holdings, LLC, a Delaware
limited liability company, Genesis Energy, L.P., Delaware limited partnership, and Fortis Capital Corp., as Administrative Agent 

  

	16.	Omnibus Agreement dated as of June 11, 2008 by and among TD Marine, LLC, James E. Davison, Steven K. Davison, Todd A Davison and Genesis Energy, L.P.

  

 Credit Agreement Schedule 6.09-2 

 EXHIBIT A 

FORM OF ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and
is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to
them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby
agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably
purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the
Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of
such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any letters of credit and guarantees included in such facilities) and (ii) to the extent permitted to be assigned under
applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or
instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or
in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the
“Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 

 

							
	1.	  	 Assignor:
	  	  
	  	
				
	2.	  	 Assignee:
	  	  
	  	
		  		  	[and is an Affiliate of [identify Lender]]	  	
				
	3.	  	 Borrower:
	  	Genesis Energy, L.P.	  	
				
	4.	  	 Administrative Agent:
	  	BNP Paribas, as the Administrative Agent under the Credit Agreement	  	

  

 Exhibit A 

Page 1 

							
	5.	  	Credit Agreement:	  	The Second Amended and Restated Credit Agreement dated as of June 29, 2010 among Genesis Energy, L.P., as borrower, BNP Paribas, as administrative agent, and the
lenders party thereto
				
	6.	  	Assigned Interest:	  		  	

  

							
	 Committed Amount

Assigned
	  	 Aggregate Committed

Amounts/Loans for all

Lenders
	  	Amount of
Committed
Amount/Loans
Assigned	  	Percentage Assigned
of
Committed
Amounts/Loans1
				
		  	$	  	$	  	%
				
		  	$	  	$	  	%
				
		  	$	  	$	  	%

 Effective Date:
                 , 20    [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF
TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and Assumption are hereby agreed to: 

 

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

	1
	 Set forth, to at least 9 decimals, as a percentage of the Committed Amounts/Loans of all Lenders thereunder. 

 

 Exhibit A 

Page 2 

 [Consented to
and]2 Accepted: 

BNP PARIBAS, as 
 Administrative
Agent 
  

			
	By:	 	  

	Title:	 	

 [Consented
to:]3 

[NAME OF RELEVANT PARTY] 
  

			
	By:	 	  

	Title:	 	

  

	2
	 To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	3
	 To be added only if the consent of the Borrower and/or other parties (e.g., Issuing Bank) is required by the terms of the Credit Agreement.

  

 Exhibit A 

Page 3 

 ANNEX 1 

TO 

ASSIGNMENT AND ASSUMPTION 

[                    ]
4 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 

1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned
Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and
to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document,
(ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other
Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document. 

1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all
action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the
Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder
and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant thereto, and
such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and
decision independently and without reliance on the Administrative Agent or any other Lender, and (v) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms
of the Credit Agreement, including pursuant to Section 2.17 thereof, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and 

 

  

	4
	 Describe Credit Agreement at option of Administrative Agent. 

Exhibit A 
 Page 4 

 without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents
and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by
the terms of the Loan Documents are required to be performed by it as a Lender. 
 2. Payments. From and after the
Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective
Date and to the Assignee for amounts which have accrued from and after the Effective Date. 
 3. General Provisions. This
Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Assignment
and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York. 
  

 Exhibit A 

Page 5 

 EXHIBIT B 

FORM OF COMMITTED AMOUNT DECREASE CERTIFICATE 

[Date] 
 BNP Paribas 

[Address] 
 Attn: 

Ladies and Gentlemen: 
 This
Committed Amount Decrease Certificate is being delivered to you pursuant to Sections 2.05(b) and 2.09(b) of that certain Second Amended and Restated Credit Agreement dated as of June 29, 2010 (as the same may be amended, restated or otherwise
modified from time to time, the “Credit Agreement”), by and among Genesis Energy, L.P., a Delaware limited partnership (the “Borrower”), the lenders party thereto from time to time (the “Lenders”),
and BNP Paribas, as administrative agent for the Lenders (in such capacity, and together with its permitted successors, the “Administrative Agent”). Capitalized terms used but not defined herein shall have the meanings assigned to
them in the Credit Agreement. The undersigned, Chief Financial Officer of the General Partner, hereby requests on behalf of the Borrower pursuant to Sections 2.05(b) and 2.09(b) of the Credit Agreement that the Committed Amount be decreased as
set forth below: 
  

					
	 Current Committed Amount:
	  	$	            	  
		
	 Requested Decreased Committed Amount:
	  	$	            	  
		
	 Effective Date for Decrease:
	  	 
	                    
1	  

 Each Lender’s Ratable Portion of the decrease to the aggregate Committed Amounts is set forth on Schedule A hereto.

 [signature page follows] 
  

 

	1
	 For decreases to the Committed Amount, the effective date shall be third Business Day after receipt of this Certificate by the Administrative Agent.
The Borrower may request a later effective date for decreases, but in no event shall such date be later than ten Business Days after the receipt of this Certificate by the Administrative Agent. 

 

 Exhibit B 

Page 1 

 IN WITNESS WHEREOF, the undersigned has executed this Committed Amount Decrease Certificate
as of the date first written above. 
  

			
	BORROWER:
	
	GENESIS ENERGY, L.P.
	
	By:    GENESIS ENERGY, LLC,
	          its general partner
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 Exhibit B 

Page 2 

 SCHEDULE A 

TO 

COMMITTED AMOUNT DECREASE CERTIFICATE 

EACH LENDER’S RATABLE PORTION OF THE DECREASE TO THE AGGREGATE 

COMMITTED AMOUNTS 
  

							
	 LENDER
	  	
CURRENT

COMMITTED

AMOUNT
	  	
DECREASE TO

COMMITTED

AMOUNT
	  	
COMMITTED

AMOUNT AFTER

GIVING EFFECT TO

DECREASE

	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 

  

 Exhibit B 

Page 3 

 EXHIBIT C 

FORM OF LETTER OF CREDIT REQUEST 

[Date] 
 [Issuing Bank]

 [Address] 
 BNP Paribas, as
Administrative Agent 
 [Address] 

Attn: 
 Ladies and Gentlemen: 

The undersigned, Genesis Energy, L.P., a Delaware limited partnership (the “Borrower”), refers to that certain Second
Amended and Restated Credit Agreement dated as of June 29, 2010 (as the same may be amended, restated or otherwise modified from time to time, the “Credit Agreement”), by and among the Borrower, the lenders party thereto from
time to time (the “Lenders”), and BNP Paribas, as administrative agent for the Lenders (in such capacity, and together with its permitted successors, the “Administrative Agent”) (unless otherwise defined herein,
each capitalized term used herein has the meaning assigned to it in the Credit Agreement) and hereby gives you (the “Issuing Bank”) irrevocable notice pursuant to Section 2.06(b) of the Credit Agreement that: 

[The Borrower hereby requests that the Issuing Bank issue a Letter of Credit, substantially in the form of Form 1 attached hereto, as follows:

  

			
	 Effective Date:
	  	_______________                    
	 Stated Amount:
	  	$_______________                    
	 Account Party:
	  	_______________                    
	 Beneficiary Name:
	  	_______________                    
	 Beneficiary Address:
	  	_______________                    
		  	_______________                    
	 Beneficiary Primary Contact:
	  	_______________                    
	 Beneficiary Phone Number:
	  	_______________                    
	 Expiry
Date6:
	  	_______________]                    

 

	6
	 The Expiry Date shall not be later than the earlier of (i) the date one year after the Effective Date and (ii) the date that is five Business
Days prior to the Maturity Date. 

  

 Exhibit C 

Page 1 

 [The Borrower hereby requests that the Issuing Bank increase the Stated Amount of an existing Letter of
Credit as follows: 
  

			
	 Effective Date:
	  	_______________                    
	 Existing Letter of Credit No.
	  	_______________                    
	 Existing Stated Amount:
	  	$_______________                    
	 Account Party:
	  	_______________                    
	 Beneficiary Name:
	  	_______________                    
	 Beneficiary Address:
	  	_______________                    
		  	_______________                    
		
	 Beneficiary Primary Contact:
	  	_______________                    
	 Beneficiary Phone Number:
	  	_______________                    
	 Expiry
Date7:
	  	_______________                    
		
	 New Stated Amount:
	  	$_______________]                    

[The Borrower hereby requests that the Issuing Lender extend the expiry date of an existing Letter of Credit as follows: 

 

			
	 Effective Date:
	  	_______________                    
	 Existing Letter of Credit No.
	  	_______________                    
	 Stated Amount:
	  	$_______________                    
	 Account Party:
	  	_______________                    
	 Beneficiary Name:
	  	_______________                    
	 Beneficiary Address:
	  	_______________                    
		
	 Beneficiary Primary Contact:
	  	_______________                    
	 Beneficiary Phone Number:
	  	_______________                    
	 Existing Expiry Date:
	  	_______________                    
		
	 New Expiry
Date8:
	  	_______________]                    

The Borrower hereby certifies that the following statements are true on the date hereof, and will be true on the date of the
[issuance][increase][extension] of the Letter of Credit requested herein: 
  

	 	(i)	the representations and warranties of the Borrower, the General Partner or any Relevant Party set forth in the Loan Documents are true and correct in all material
respects (except such representations and warranties that are stated to relate to a specific earlier date, which representations and warranties are true and correct in all material respects as of such earlier date); 

 

  

	7
	 The Expiry Date shall not be later than the earlier of (i) the date one year after the Effective Date and (ii) the date that is five Business
Days prior to the Maturity Date. 

	8
	 The Expiry Date shall not be later than the earlier of (i) the date one year after the date of the extension and (ii) the date that is five
Business Days prior to the Maturity Date. 

 Exhibit C 

Page 2 

	 	(ii)	no Default or Event of Default has occurred and is continuing; and 

  

	 	(iii)	after giving effect to such [issuance][increase][extension], (a) the LC Exposure shall not exceed $100,000,000 and (b) the sum of the total Revolving Credit
Exposures shall not exceed the aggregate Committed Amounts. 

 [signature page follows] 

 

 Exhibit C 

Page 3 

 The undersigned certifies that he/she is the
[                    ] of the General Partner, and that as such he/she is authorized to execute this certificate on behalf of the Borrower as of the
date first written above. 
  

			
	 GENESIS ENERGY, L.P.

		
	 By:
	 	 GENESIS ENERGY, LLC, its general
partner

			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 Exhibit C 

Page 4 

 EXHIBIT D 

FORM OF INTEREST ELECTION REQUEST 

[Date] 
 BNP Paribas, as
Administrative Agent 
 [Address] 

Attn: 
 Ladies and Gentlemen: 

The undersigned, Genesis Energy, L.P, a Delaware limited partnership (the “Borrower”), is a party to that certain Second Amended and
Restated Credit Agreement dated as of June 29, 2010 (as the same may be amended, modified, or supplemented from time to time, the “Credit Agreement”) among the Borrower, the lenders from time to time party thereto (the
“Lenders”), and BNP Paribas, as administrative agent for the Lenders (in such capacity, and together with its permitted successors, the “Administrative Agent”). Capitalized terms used but not defined herein shall
have the meanings assigned to them in the Credit Agreement. The undersigned hereby gives you irrevocable notice pursuant to Section 2.08 of the Credit Agreement that the undersigned hereby requests a [conversion] [continuation] of outstanding
Borrowings, and in connection with that request sets forth below the information relating to such Borrowing (the “Proposed Borrowing”) as required by Section 2.08 of the Credit Agreement: 

(a) The Borrowing to which this Interest Election Request applies and, if different options are being elected with respect to different
portions thereof, the portions thereof to be allocated to each resulting Borrowing is [                    ]. 

(b) The Business Day of the Proposed Borrowing is [            ,
20__]. 
 (c) The aggregate amount of the existing Borrowing to be converted or continued is
$                     and the existing Borrowing is [an ABR Borrowing] [a Eurodollar Borrowing] (the “Existing Advance”).

 (d) The Proposed Borrowing consists of [a conversion of the Existing Advance to [an ABR Borrowing] [a Eurodollar Borrowing]]
[a continuation of the Existing Advance]. 
 [(e) The Interest Period for the Proposed Borrowing is [one,
two, three or six] month[s].]9 

 
  

	9
	 Applicable only if the requested continuation or conversion is a Eurodollar Borrowing. 

 

 Exhibit D 

Page 1 

 The Borrower hereby certifies that the following statements are true on the date hereof, and will be true on
the date of the Proposed Borrowing: 
  

	 	(i)	the representations and warranties of the Borrower, the General Partner or any Relevant Party set forth in the Loan Documents are true and correct in all material
respects (except such representations and warranties that are stated to relate to a specific earlier date, which representations and warranties are true and correct in all material respects as of such earlier date); 

 

	 	(ii)	no Default or Event of Default has occurred and is continuing; 

  

	 	(iii)	after giving effect to such Proposed Borrowing, there will be no more than six Interest Periods applicable to outstanding Eurodollar Borrowings; and

  

	 	(iv)	after giving effect to such Proposed Borrowing, the aggregate Revolving Credit Exposures will not exceed the aggregate Committed Amounts. 

[signature page follows] 
  

 Exhibit D 

Page 2 

 The undersigned certifies that he/she is the
[                    ] of the General Partner, and that as such he/she is authorized to execute this certificate on behalf of the Borrower as of the
date first written above. 
  

			
	 Very truly yours,

	
	 GENESIS ENERGY, L.P.

		
	 By:
	 	GENESIS ENERGY, LLC, its general partner
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 

 Exhibit D 

Page 3 

 EXHIBIT E 

FORM OF PERFECTION CERTIFICATE 

[Date] 

Reference is hereby made to that certain (a) Second Amended and Restated Credit Agreement, dated as of June 29, 2010 (as
amended, modified, supplemented or restated from time to time, the “Credit Agreement”), by and among Genesis Energy, L.P., a Delaware limited partnership (the “Borrower”), the lenders from time to time party thereto
(the “Lenders”), and BNP Paribas, as administrative agent (in such capacity, and together with its permitted successors, the “Administrative Agent”), (b) Second Amended and Restated Guarantee and Collateral
Agreement, dated as of June 29, 2010 (as amended, modified, supplemented or restated from time to time, the “Guarantee and Collateral Agreement”), by and among the Borrower, each of the other Grantors listed therein and the
Administrative Agent, and (c) First Amended and Restated General Partner Pledge Agreement, dated as of June 29, 2010, by and between Genesis Energy, LLC, a Delaware limited liability company (the “General Partner”), and
the Administrative Agent (as amended, modified, supplemented or restated from time to time, the “General Partner Pledge Agreement”). Capitalized terms used but not defined herein have the meanings given to such terms in the Credit
Agreement. 
 As used herein, the term “Companies” means, collectively, the Borrower, the General Partner (or
any other general partner of the Borrower), and each of the Restricted Subsidiaries and the term “Company” means, individually, any one of them. 

The undersigned hereby certifies as of the date hereof to the Administrative Agent as follows: 

 

	1.	Names. 

(a) The exact legal name of each Company as such name appears in its respective certificate of formation or any other
equivalent organizational document is set forth in Schedule 1(a). Each Company is (i) the type of entity disclosed next to its name in Schedule 1(a) and (ii) a registered organization except to the extent disclosed in
Schedule 1(a). Also set forth in Schedule 1(a) is the organizational identification number, if any, of each Company that is a registered organization, the Federal Taxpayer Identification Number of each Company and the jurisdiction of
formation of each Company. 
 (b) Schedule 1(b) contains a true and correct list of any other corporate, limited
liability company, limited partnership or other organizational names each Company has had in the past five years, together with the date of the relevant change. 

(c) Schedule 1(c) contains a true and correct list of all other names (including trade names or similar appellations) used by each
Company or any other business or organization to which each Company became the successor by merger, consolidation, acquisition, change in form, nature or jurisdiction of organization, or otherwise, at any time between July 1, 2005 and the date
hereof. Except as set forth in Schedule 1(c), no Company has changed its jurisdiction of organization at any time during the past four months. 
  

 Exhibit E 

Page 1 

	2.	Current Locations. 

 (a)
The chief executive office of each Company is located at the address set forth in Schedule 2(a). 
 (b) Set forth in
Schedule 2(b) are all locations where each Company maintains any books or records relating to any Collateral. 
 (c) Set
forth in Schedule 2(c) are all other places of business of each Company. 
 (d) Set forth in Schedule 2(d) are all
other locations where each Company maintains any of the Collateral consisting of inventory or equipment not identified above. 

(e) Set forth in Schedule 2(e) are the names and addresses of all Persons other than each Company, such as lessees, consignees,
warehousemen or purchasers of chattel paper, that have possession or are intended to have possession of any of the Collateral consisting of instruments, chattel paper, inventory or equipment. 

3. Prior Locations. Set forth in Schedule 3 is the information required by Section 2(a), Section 2(b) and Section 2(c) with
respect to each location or place of business previously maintained by each Company at any time during the past four months. 
 4.
Extraordinary Transactions. Except for those purchases, acquisitions and other transactions described on Schedule 4, all of the Collateral has been originated by each Company in the ordinary course of business or consists of goods
which have been acquired by such Company in the ordinary course of business from a Person in the business of selling goods of that kind, provided, that Schedule 4 shall not be required to list (a) transactions that occurred
prior to July 1, 2005 or (b) transactions (together with all other transactions that are part of a series of transactions) in respect of which the aggregate Acquisition Consideration was less than $25,000,000. 

5. Schedule 5 contains a true and accurate summary of file search reports from (a) the Uniform Commercial Code filing offices (i)(a) with
respect to the certificate delivered on the Effective Date, in each jurisdiction identified in Schedule 1(a) with respect to each legal name set forth in Schedule 1(a) and (b) otherwise, in each jurisdiction identified in
Schedule 1(a) with respect to each legal name set forth in Schedule 1 and (ii) except with respect to the certificate delivered on the Effective Date, in each jurisdiction described in Schedule 1(c) or Schedule 4
relating to any of the transactions described in Schedule (1)(c), if any, or Schedule 4, if any, with respect to each legal name of the person or entity from which each Company purchased or otherwise acquired any of the Collateral
and (b) except with respect to the certificate delivered on the Effective Date, each filing officer in each real estate recording office identified on Schedule 8 with respect to real estate on which Collateral consisting of fixtures is
or is to be located. Except with respect to the certificate delivered on the Effective Date, a true copy of each financing statement, including judgment and Tax Liens, bankruptcy and pending lawsuits or other filing identified in such file search
reports has been delivered to the Administrative Agent. 
  

 Exhibit E 

Page 2 

 6. UCC Filings. The financing statements (duly authorized by each Company constituting the debtor
therein), including the indications of the Collateral, attached as Schedule 6 are in the appropriate forms for filing in the filing offices in the jurisdictions identified in Schedule 6. 

7. Schedule of Filings. Schedule 7 lists (a) the appropriate filing offices for the financing statements attached as Schedule 6
and (b) the appropriate filing offices for the filings described in Schedule 12(c) and (c) any other actions required to create, preserve, protect and perfect the security interests in the Collateral granted to the Administrative
Agent pursuant to the Security Documents. No other filings or actions are required to create, preserve, protect and perfect the security interests in the Collateral granted to the Administrative Agent pursuant to the Security Documents. 

8. Real Property. Schedule 8(a) lists all Mortgages and amendments and supplements thereto that have been filed or will be filed
substantially contemporaneously with the execution of this certificate (noting filing offices for such Mortgages), and a general description of each parcel of or other interest in Real Property owned or leased by any Borrower Party that is not
subject to such a Mortgage, including, with respect to any Real Property acquired after the Effective Date, the approximate fair market value of such parcel or interest and the county or counties and state or states where such parcel or interest is
located (it being understood that such parcels or interests that are part of substantially contiguous Real Property may be described in the aggregate); provided, that, Schedule 8(a) shall not be required to list parcels of or
interests in Real Property to the extent that such parcels or interests are not Mortgaged Property solely because of provisions of the Mortgages that expressly exclude such parcels or interests from the Lien created by such Mortgage because of a
consent to assignment or Lien (or similar) provision in the underlying agreement(s) governing such parcel or interest. Except as described on Schedule 8(b), no Borrower Party has entered into any leases, subleases, tenancies, franchise
agreements, licenses or other occupancy arrangements as owner, lessor, sublessor, licensor, franchisor or grantor with respect to any of the Real Property described, or subject to a Mortgage described, on Schedule 8(a) for which the annual
rental or similar payment exceeds $10,000 per month per arrangement, and no Borrower Party has entered into any leases, subleases, tenancies, franchise agreements, licenses or other occupancy arrangements as lessee, sublessee, licensee, franchisee
or grantee for which the annual rental or similar payment exceeds $10,000 per month per arrangement which require the consent of the landlord, tenant or other party thereto to the transactions contemplated by the Credit Agreement. 

9. Termination Statements and Releases of Liens. Attached as Schedule 9(a) are the duly authorized termination statements and releases of
liens in the appropriate form for filing in each applicable jurisdiction identified in Schedule 9(b) with respect to each Lien described therein. 

10. Stock Ownership and Other Equity Interests. Schedule 10 contains a true and correct list of all of the authorized, and the issued and
outstanding, stock, partnership interests, limited liability company membership interests or other Equity Interest owned by each Company and its subsidiaries and Joint Ventures and the record and beneficial owners of such stock, partnership
interests, membership interests or other Equity Interests. 
 11. Instruments and Tangible Chattel Paper. Schedule 11 contains a
true and correct list of all Instruments (including all intercompany notes between or among any two Borrower Parties or 

 

 Exhibit E 

Page 3 

 
between or among any Borrower Party and a subsidiary or Joint Venture thereof), Chattel Paper, Tangible Chattel Paper and Electronic Chattel Paper (each such capitalized term as defined in the
Guarantee and Collateral Agreement); provided, that Schedule 11 shall only be required to list such Instruments, Chattel Paper, Tangible Chattel Paper and Electronic Chattel Paper if the aggregate value of all such Instruments and
Chattel Paper held by the Borrower Parties exceeds $1,000,000. 
  

	12.	Intellectual Property. 

(a) Schedule 12(a) contains a true and correct list of all of the Borrower Parties’ Patents, Patent Licenses, Trademarks and
Trademark Licenses (each as defined in the Guarantee and Collateral Agreement) registered with the United States Patent and Trademark Office, and all other Patents, Patent Licenses, Trademarks and Trademark Licenses, including the name of the
registered owner and the registration number of each Patent, Patent License, Trademark and Trademark License owned by each Borrower Party. 

(b) Schedule 12(b) sets forth all of the Borrower Parties’ United States Copyrights and Copyright Licenses (each as defined
in the Guarantee and Collateral Agreement), and all other Copyrights and Copyright Licenses, including the name of the registered owner and the registration number of each Copyright or Copyright License owned by any Borrower Party. 

(c) Attached as Schedule 12(c) in proper form for filing with the United States Patent and Trademark Office and United States
Copyright Office are the filings, if any, necessary to preserve, protect and perfect the security interests in the United States Trademarks, Trademark Licenses, Patents, Patent Licenses, Copyrights and Copyright Licenses set forth on Schedule
12(a) and Schedule 12(b), including duly signed copies of each of the Patent Security Agreement, Trademark Security Agreement and the Copyright Security Agreement, as applicable. 

13. Commercial Tort Claims. Schedule 13 contains a true and correct list of all Commercial Tort Claims (as defined in the Guarantee and
Collateral Agreement) in excess of $2,000,000 held by any Borrower Party, including a brief description thereof. 
 14. Deposit Accounts,
Securities Accounts and Commodity Accounts. Schedule 14 contains a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Guarantee and Collateral Agreement) maintained by any
Borrower Party, other than the Excluded Accounts, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account, and whether such account is a Deposit
Account, a Securities Account or a Commodity Account. 
 [Signature page follows] 

 

 Exhibit E 

Page 4 

 IN WITNESS WHEREOF, the undersigned has executed this Perfection Certificate as of the first
date written above. 
  

			
	BORROWER:
	
	GENESIS ENERGY, L.P.
	By:	 	GENESIS ENERGY, LLC,
		 	its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 Exhibit E 

Page 5 

 EXHIBIT F 

FORM OF BORROWING REQUEST 

[Date] 
 BNP Paribas, as
Administrative Agent 
 [Address] 

Attn: 
 Reference is made to
that certain Second Amended and Restated Credit Agreement dated as of June 29, 2010 (as the same may be amended, restated or otherwise modified from time to time, the “Credit Agreement”), by and among Genesis Energy, L.P., a
Delaware limited partnership (the “Borrower”), the lenders from time to time party thereto (the “Lenders”), and BNP Paribas, as administrative agent for the Lenders (in such capacity, and together with its permitted
successors, the “Administrative Agent”) (unless otherwise defined herein, each capitalized term used herein has the meaning assigned to it in the Credit Agreement). 

(a) The Borrower hereby requests pursuant to Section 2.03 of the Credit Agreement a Borrowing as follows: 

(i) the aggregate amount of the requested Borrowing is $[            ];

 (ii) the date of the requested Borrowing is
[            ],
20[            
]10; 

(iii) the requested Borrowing is to be [an ABR Borrowing] [a Eurodollar Borrowing]; 

(iv) [the initial Interest Period applicable thereto is [one, two, three or six]
months]11; 

(v) the requested Borrowing [is] [is not] an Inventory Financing Sublimit Borrowing; 

(vi) the current total Revolving Credit Exposures (without giving effect to the requested Borrowing) is
$[            ]; 
 (vii) the pro forma total Revolving
Credit Exposures (giving effect to the requested Borrowing) is $[            ]; and 

(viii) the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements
of Section 2.07 of the Credit Agreement, are as follows: 
  

 

	10
	 The date must be a Business Day 

	11
	 To be included if the requested Borrowing is a Eurodollar Borrowing 

 

 Exhibit F 

Page 1 

[                   
     ] 

[                   
     ] 

[                   
     ] 

[                   
     ]. 
 (b) The Borrower hereby certifies that the following statements are true on the date
hereof, and will be true on the date of the requested Borrowing: 
  

	 	(i)	the representations and warranties of the Borrower, the General Partner or any Relevant Party set forth in the Loan Documents are true and correct in all material
respects (except such representations and warranties that are stated to relate to a specific earlier date, which representations and warranties are true and correct in all material respects as of such earlier date); 

 

	 	(ii)	at the time of and immediately after giving effect to such requested Borrowing, no Default or Event of Default has occurred and is continuing; and

  

	 	(iii)	after giving effect to such requested Borrowing, the sum of the total Revolving Credit Exposures will not exceed the aggregate Committed Amounts.

 [(c) The Borrower hereby certifies that the following statements are true on the date hereof, and will be true
on the date of the requested Inventory Financing Sublimit Borrowing: 
  

	 	(i)	all of the Petroleum Products to which such requested Inventory Financing Sublimit Borrowing relates (the “New Financed Inventory”) constitutes
Eligible Inventory; 

  

	 	(ii)	the price risk relating to such New Financed Inventory has been fully hedged pursuant to a Hedging Agreement or sold forward pursuant to a sales contract (subject to
immaterial deficiencies described in Section 5.17(b) of the Credit Agreement); and 

  

	 	(iii)	 the amount of such requested Inventory Financing Sublimit Borrowing does not exceed an amount equal to the product of (1) 90% and (2) an
amount equal to the sum of (x) the Sale Value of such New Financed Inventory that is subject to sales contracts measured as of the date of such Borrowing plus (y) the Hedged Value of such New Financed Inventory that is not subject
to sales contracts measured as of the date of such Borrowing minus (z) all related storage, transportation and other applicable costs reasonably estimated by the Borrower to be applicable to such New Financed Inventory in the future.]
12 

[signature page follows] 
  

 

	12
	 This section should be included in the Borrowing Request only if the Borrowing Request covers an Inventory Financing Sublimit Borrowing.

  

 Exhibit F 

Page 2 

 The undersigned certifies that he/she is the
[                                ] of the General Partner, and that as such he/she is
authorized to execute this certificate on behalf of the Borrower as of the date first written above. 
  

			
	GENESIS ENERGY, L.P.
		
	By:	 	 GENESIS ENERGY, LLC, its general

partner

	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 

 Exhibit F 

Page 3 

 EXHIBIT G 

FORM OF BORROWING BASE CERTIFICATE 

[Date] 
 BNP Paribas 

[Address] 
 Attn: 

This Borrowing Base Certificate is being
delivered13 pursuant to Section 5.01(g) of that
certain Second Amended and Restated Credit Agreement dated as of June 29, 2010 (as the same may be amended, restated or otherwise modified from time to time, the “Credit Agreement”), by and among Genesis Energy, L.P, a Delaware
limited partnership (the “Borrower”), the lenders from time to time party thereto (the “Lenders”), and BNP Paribas, as administrative agent (in such capacity, and together with its permitted successors, the
“Administrative Agent”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Credit Agreement. The undersigned, Financial Officer of the General Partner, hereby certifies that he/she has
carefully reviewed the contents of this Borrowing Base Certificate and, in connection herewith, has made or caused to be made such investigation and inquiries as he/she deems necessary and prudent with respect to the certifications herein made and,
based upon the foregoing, the undersigned has concluded and represents on behalf of the Borrower the following: 

1. The Inventory Financing Sublimit Borrowing Base Date to which this Certificate applies is
[                 ,
20    ]14 (the
“Inventory Financing Sublimit Borrowing Base Date”). 
 [2. The Borrower hereby requests the conversion of
General Loans to, and designation of such Loans as, Inventory Financing Sublimit Borrowings as of the Inventory Financing Sublimit Borrowing Base Date in a principal amount equal to
$[            ]. The Borrower hereby certifies that the following statements are true as of such Inventory Financing Sublimit Borrowing Base Date: 

 

	 	(i)	all of the Petroleum Products to which such requested Inventory Financing Sublimit Borrowing relates (the “New Financed Inventory”) constitute Eligible
Inventory; 

  

	 	(ii)	the price risk relating to such New Financed Inventory has been fully hedged pursuant to a Hedging Agreement or sold forward pursuant to a sales contract (subject to
immaterial deficiencies described in Section 5.17(b) of the Credit Agreement); and 

  

 

	13
	 This Certificate must be delivered by the fifth Business Day of the calendar month. 

	14
	 The Inventory Financing Sublimit Borrowing Base Date shall be the last day of the calendar month immediately preceding the month in which this
Certificate is delivered. 

  

 Exhibit G 

Page 1 

	 	(iii)	 the principal amount of such requested Inventory Financing Sublimit Borrowing does not exceed an amount equal to the product of (1) 90% and
(2) an amount equal to the sum of (x) the Sale Value of such New Financed Inventory that is subject to sales contracts measured as of the date of such Borrowing plus (y) the Hedged Value of such New Financed Inventory that is
not subject to sales contracts measured as of the date of such Borrowing minus (z) all related storage, transportation and other applicable costs reasonably estimated by the Borrower to be applicable to such New Financed Inventory in the
future.]15 

2.16
 The aggregate principal amount borrowed and outstanding under the Inventory Financing Sublimit Tranche on the Inventory Financing Sublimit Borrowing Base Date, after giving effect to
any Inventory Financing Sublimit Borrowings designated on such Inventory Financing Sublimit Borrowing Base Date [pursuant to clause 2. above], but without giving effect to any prepayment required to be made contemporaneously with the
delivery of this Certificate pursuant to Section 2.11(e) of the Credit Agreement, is equal to $[            ]. 

3. The Inventory Financing Sublimit Availability as of the Inventory Financing Sublimit Borrowing Base is equal to
$[            
].17 

4. The calculation of the Inventory Financing Sublimit Borrowing Base as of the Inventory Financing Sublimit Borrowing Base Date is set
forth on Exhibit A hereto. Such Inventory Financing Sublimit Borrowing Base is equal to $[            ]. 

5. The amount calculated pursuant to clause 2. above that is in excess of the lower of the amounts calculated pursuant to
each of clauses 3. and 4. above (if any) is equal to $[            ]. This is the Inventory Sublimit Prepayment Amount for the Inventory Financing Sublimit Borrowing Base Date.
Contemporaneously with the delivery of this Certificate, the Borrower hereby notifies the Administrative Agent pursuant to Section 2.11(e) of the Credit Agreement that the Borrower has made [a prepayment of Inventory Financing Sublimit
Borrowings] [conversion of Inventory Financing Sublimit Borrowings to General Loans] in the Inventory Sublimit Prepayment Amount (if any) in accordance with Section 2.11(e) of the Credit Agreement. 

6. The aggregate principal amount borrowed and outstanding under the Inventory Financing Sublimit Tranche, after giving effect to any
Inventory Financing Sublimit Borrowings designated on the Inventory Financing Sublimit Borrowing Base 
  

  

	15
	 Include if plan to deem an Inventory Financing Sublimit Borrowing as of the Inventory Financing Sublimit Borrowing Base Date.

	16
	 If the bracketed clause 2. above is included, the numbering of the clauses and cross-references thereto should be adjusted accordingly.

	17
	 The lower of (a) the then effective aggregate Committed Amounts (net of the principal amount of any then outstanding General Loans (other than
General Loans to be converted into Inventory Financing Sublimit Borrowings pursuant to clause 2.) and LC Exposure) and (b) the then current Inventory Financing Sublimit Amount (i.e., $75,000,000 on the Effective Date).

 Exhibit G 
 Page 2

 
Date (if any) [pursuant to clause 2. above] and after giving effect to any prepayment or conversion to General Loans required to be made contemporaneously with the delivery of this Certificate
pursuant to Section 2.11(e) of the Credit Agreement and pursuant to clause 5. above, does not exceed the lesser of (x) the Inventory Financing Sublimit Borrowing Base as of the Inventory Financing Sublimit Borrowing Base Date and
(y) the Inventory Financing Sublimit Availability as of the Inventory Financing Sublimit Borrowing Base Date. 
 7. The
following table sets forth true, complete and correct information related to Financed Eligible Inventory owned by the Borrower or any Restricted Subsidiary on the Inventory Financing Sublimit Borrowing Base Date. 

 

											
	Total Volume of Financed Eligible Inventory:
	Location of Financed
Eligible Inventory:
	State	  	County	  	Volume (Barrels/MMBTU)
	 	  	 	  	 
	Financed Eligible
Inventory Subject to Sales Contracts:
	Counterparty	  	 Contract

Number
	  	Contract Date

(i.e., End Date)
	  	Volume
(Barrels/MMBTU)	  	Sale

Price
	  	Sale

Value

	Financed Eligible
Inventory Subject to Hedging Agreements:
	Counterparty	  	 Contract

Number
	  	Contract Date

(i.e., End Date)
	  	Volume
(Barrels/MMBTU)	  	Hedge

Price
	  	Hedge

Value

	 	  	 	  	 	  	 	  	 	  	 

[signature page follows] 
  

 Exhibit G 

Page 3 

 IN WITNESS WHEREOF, the undersigned has executed this Borrowing Base Certificate as of the first date
written above. 
  

			
	BORROWER:
	
	GENESIS ENERGY, L.P.
	
	By:    GENESIS ENERGY, LLC,
	          its general partner
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 Exhibit G 

Page 4 

 Exhibit A 

Inventory Financing Sublimit Borrowing Base Calculation 
  

	1.	Sale Value 

  

			
	 A.     Volume of Eligible Financed Inventory subject to
sales contracts
	 	 
	 B.
    Sale price of such Eligible Financed Inventory
	 	 
	 Sale
Value = A * B
	 	 

  

	II.	Hedged Value 

  

			
	 A.     Volume of Eligible Financed Inventory not subject
to sales contracts
	 	 
	 B.
    Prices fixed with respect thereto in corresponding Hedging Agreements
	 	 
	 C.
    A* B
	 	 
	D.     Amount secured by any Liens in
favor of a counterparty or broker securing obligations of any Borrower Party under a Hedging Agreement with respect to such Financed Eligible Inventory	 	 
	 Hedged
Value = C - D
	 	 

  

	III.	Inventory Financing Sublimit Borrowing Base 

  

			
	 A.     Sale Value (from I. above)
	 	 
	 B.
    Hedged Value (from II. Above)
	 	 
	C.     All storage, transportation and
other applicable costs related to such Financed Eligible Inventory	 	 
	 D.
    A + B - C
	 	 
	
Inventory Financing Sublimit Borrowing Base = D * 90%
	 	 

  

 Exhibit G 

Page 5 

 EXHIBIT H 

FORM OF COMMITTED AMOUNT INCREASE CERTIFICATE 

[Date] 
 BNP Paribas 

[Address] 
 Attn: 

This Committed Amount Increase Certificate is being delivered pursuant to Section 2.05(c)(ii)(D) of that certain Second Amended and
Restated Credit Agreement dated as of June 29, 2010 (as the same may be amended, restated or otherwise modified from time to time, the “Credit Agreement”), by and among Genesis Energy, L.P, a Delaware limited partnership (the
“Borrower”), the lenders from time to time party thereto (the “Lenders”), and BNP Paribas, as administrative agent (in such capacity, and together with its permitted successors, the “Administrative
Agent”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Credit Agreement. The undersigned, Responsible Officer of the General Partner, hereby certifies on behalf of the Borrower that, as of the
date hereof, no Default or Event of Default has occurred and is continuing and requests on behalf of the Borrower that the aggregate Committed Amount be increased by increasing the Committed Amount of
[                                ] (the “Increasing Lender”) by
the amount and on the date set forth below: 
  

			
	  
 Current
aggregate Committed Amount for all
 Lenders:
  
	  	  

$___________________
  

	  

Current Committed Amount of the Increasing

Lender:
  
	  	  

$___________________
  

	  

Requested Increase in the Committed Amount

of the Increasing Lender (the “Increase

Amount”):
  
	  	  

$___________________18

  

	  

Total Committed Amount for the Increasing

Lender:
  
	  	  

$___________________
  

	  

Effective Date for Increase (the “Increase Date”):
  
	  	  

____________________
  

 

	18
	 Any increase in the aggregate Committed Amounts shall not be less than $5,000,000 unless the Administrative Agent otherwise consents, and no such
increase shall be permitted if, after giving effect thereto, the aggregate increases pursuant to Section 2.05(c) of the Credit Agreement would exceed $125,000,000. 

 

 Exhibit H 

Page 1 

 By signing below, the Increasing Lender agrees (a) that its Committed Amount will be
increased by the Increase Amount effective as of the Increase Date, (b) after giving effect to such increase, its total Committed Amount will be $[            ], and
(c) that it shall continue to be a Lender under the Credit Agreement. The Borrower shall pay the fee payable to the Administrative Agent pursuant Section 2.05(c)(ii)(D) of the Credit Agreement. 

[signature page follows] 
  

 Exhibit H 

Page 2 

 IN WITNESS WHEREOF, each of the undersigned has executed this Committed Amount Increase
Certificate as of the date first written above. 
  

					
	 BORROWER:

	
	 GENESIS ENERGY, L.P.

	
	 By:     GENESIS ENERGY, L.L.C.,

	           its general partner

			
	By:	 	  
	 	
	Name:	 	  
	 	
	Title:	 	  
	 	
			
	 LENDER:
	 		 	
			
	 [
	 	]	 	
			
	By:	 	  
	 	
	Name:	 	  
	 	
	Title:	 	  
	 	
	
	 Consented to and Accepted:

	
	 ADMINISTRATIVE AGENT

	
	 BNP PARIBAS

			
	By:	 	  
	 	
	Name:	 	  
	 	
	Title:	 	  
	 	

  

 Exhibit H 

Page 3 

 EXHIBIT I 

FORM OF ADDITIONAL LENDER CERTIFICATE 

[Date] 
  

	To:	BNP Paribas, 

 as Administrative
Agent 
 This Additional Lender Certificate is being delivered pursuant to Section 2.05(c)(ii)(E) of that certain Second
Amended and Restated Credit Agreement dated as of June 29, 2010 (as the same may be amended, restated or otherwise modified from time to time, the “Credit Agreement”), by and among Genesis Energy, L.P, a Delaware limited
partnership (the “Borrower”), the lenders from time to time party thereto (the “Lenders”), and BNP Paribas, as administrative agent (in such capacity, and together with its permitted successors, the
“Administrative Agent”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Credit Agreement. 

Please be advised that the undersigned (the “Additional Lender”) has agreed, and does hereby agree, (a) to become a
Lender under the Credit Agreement effective [             ], 20[    ] with a Committed Amount of
$[            ] and (b) that it shall be a party in all respects to, and bound as a Lender in all respects by, the Credit Agreement and the other Loan Documents. 

This Additional Lender Certificate is being delivered to the Administrative Agent together with (i) if the Additional Lender is a
Foreign Lender, any documentation required to be delivered by such Additional Lender pursuant to Section 2.17(e) of the Credit Agreement, duly completed and executed by the Additional Lender, and (ii) an Administrative Questionnaire in the
form supplied by the Administrative Agent, duly completed by the Additional Lender. The Borrower shall pay the fee payable to the Administrative Agent pursuant to Section 2.05(c)(ii)(E) of the Credit Agreement. 

 

			
	Very truly yours,
	
	GENESIS ENERGY, L.P.
		
	By:	 	 GENESIS ENERGY, LLC,
 its
general partner

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 Exhibit I 

Page 1 

 Accepted and Agreed: 

BNP PARIBAS, 
   as Administrative
Agent 
  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

Accepted and Agreed: 
 [ADDITIONAL LENDER]

  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 Exhibit I 

Page 2

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