Document:

ex_119804.htm

Exhibit 4.7

 

Class A Common STOCK PURCHASE AGREEMENT

 

This Common Stock Purchase Agreement (this “Agreement”) is made as of August 2, 2018, by and between AirXpanders, Inc., a Delaware corporation (the “Company”), Mr. Barry Cheskin (“Cheskin”), and the purchasers set forth on the Schedule of Purchasers (together with Cheskin, each a “Purchaser” and collectively, the “Purchasers”).

 

Whereas, the Company has authorized the sale and issuance of an aggregate of 20,441,183 shares of Class A Common Stock, $0.001 par value per share (the “Shares”);

 

Whereas, the Purchasers desires to purchase from the Company, and the Company desires to sell and issue to the Purchasers, the Shares subject to the terms and conditions set forth in this Agreement; and

 

Whereas, the parties hereto have executed this Agreement on the date first written above.

 

Now, Therefore, in consideration of the premises and the mutual covenants and agreements herein contained, the parties hereby agree as follows:

 

1.            Purchase and Sale of the Common Stock.

 

(a)     Subject to the terms and conditions hereof, at each Closing (as hereinafter defined) the Company hereby agrees to issue and sell to each Purchaser, and each Purchaser agrees to purchase from the Company, severally and not jointly, the number of Shares set forth opposite such Purchaser’s name on the Schedule of Purchasers, under the heading “Initial Closing” or “Second Closing” (as hereinafter defined) as applicable at a purchase price of $0.167190751 per share.

 

(b)     Each Purchaser shall deliver funds representing the aggregate purchase price set forth opposite such Purchaser’s name on the Schedule of Purchasers into an escrow account reasonably acceptable to the Company and the Purchasers on August 7, 2018 or at such time and place as the Company and Purchasers acquiring in the aggregate a majority of the Shares sold pursuant to this Agreement agree upon orally or in writing, and such funds shall be released from escrow immediately following the closing of the Rights Offering (as defined below).

 

2.           Closing.

 

(a)     The initial purchase and sale of the Shares shall take place automatically on or after August 22, 2018, at such time that all of the conditions to closing set forth in Sections 6 and 7 have been met at a place reasonably acceptable to the Purchasers and the Company (which time and place are designated as the “Initial Closing”).

 

(b)     After the Initial Closing and on the first business day after the Company obtains the Requisite Approval (as hereinafter defined), the Company shall sell, and Cheskin shall purchase, on the same terms and conditions as those contained in this Agreement, the number of Shares set forth opposite Cheskin’s name on the Schedule of Purchasers under the heading “Second Closing”. The date of the purchase and sale of these Shares are referred to in this Agreement as the “Second Closing”. The Initial Closing and Second Closing are each a “Closing”.

 

 

 

1 Equal to AUS$0.075 per CDI, assuming an exchange rate of 1 AUD to 0.74307 USD and a conversion rate of 3 CDIs to 1 Share of Class A Common Stock.

 

 

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(c)     At each Closing, the Company shall deliver to each applicable Purchaser a certificate representing the Shares being purchased by such Purchaser at the Closing against payment of the purchase price therefor by check payable to the Company, or by wire transfer to a bank account designated by the Company.

 

3.            Representations and Warranties of the Company. As of each Closing, the Company represents and warrants to the Purchasers as follows:

 

(a)     Organization. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to own and lease its properties, to carry on its business as presently conducted and as proposed to be conducted by it and to carry out the transactions contemplated by this Agreement. The Company is duly qualified as a foreign corporation and is in good standing in all such jurisdictions in which the conduct of its business or its ownership or leasing of property requires such qualification, except to the extent that any failure to be so qualified would not materially and adversely affect the financial condition, results of operations, assets, liabilities or business of the Company (a “Material Adverse Effect”).

 

(b)     Authorization of this Agreement. The execution, delivery and performance by the Company of this Agreement have been duly authorized by all requisite corporate action. The Company has duly authorized, executed and delivered this Agreement, and this Agreement constitutes the valid and binding obligation of the Company, enforceable in accordance with its terms (except as enforceability may be limited by (x) applicable bankruptcy, reorganization, insolvency, moratorium and similar laws affecting the enforcement of creditors’ rights generally and (y) general equitable principles (regardless of whether enforceability is considered in a proceeding in equity or at law)). The execution, delivery and performance of this Agreement, the issuance, sale and delivery of the Shares, and compliance with the provisions hereof by the Company do not and will not, with or without the passage of time or the giving of notice or both, violate, conflict with or result in any breach of any of the terms, conditions or provisions of, or constitute a default (or give rise to any right of termination, cancellation or acceleration) under, or result in the creation of any lien, security interest, charge or encumbrance upon any of the properties or assets of the Company, the Amended and Restated Certificate of Incorporation, of the Company, as currently in effect, or the Amended and Restated Bylaws of the Company, as currently in effect (collectively, the “Organizational Documents”), or any provision of law, statute, rule or regulation or any ruling, writ, injunction, order, judgment or decree of any court, administrative agency or other governmental body or any material contract of the Company.

 

(c)     Authorization of the Shares. The issuance, sale and delivery hereunder by the Company of the Shares have been duly authorized by all requisite corporate action of the Company, and when so issued, sold and delivered the Shares will be validly issued free and clear of all liens and encumbrances and outstanding, fully paid and nonassessable, and not subject to preemptive or any other similar rights of the stockholders of the Company or others.

 

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(d)     No Governmental Consent or Approval Required. No authorization, consent, approval or other order of, declaration to, or filing with, any governmental agency or body is required to be made or obtained by the Company for or in connection with the valid and lawful authorization, execution and delivery by the Company of this Agreement or for or in connection with the valid and lawful authorization, issuance, sale and delivery of the Shares, except exemptive filings under applicable securities laws, which are not required to be made until after the Closing and which shall be made on a timely basis.

 

(e)     No registration under the Securities Act Required: No registration under the Securities Act is required for the offer and sale of the Shares by the Company to the Purchaser as contemplated hereby.

 

(f)      No Litigation. There is no action, suit, proceeding or investigation pending or, to the Company’s knowledge, currently threatened in writing against the Company or any of its directors or officers that questions the validity of this Agreement or the right of the Company to enter into this Agreement or to consummate the transactions contemplated hereby.

 

4.            Representations and Warranties of the Purchaser. Each Purchaser, severally and not jointly, represents and warrants to the Company as follows:

 

(a)     Purchase for Investment. Such Purchaser is acquiring the Shares purchasable by it hereunder for its own account, for investment and not for, with a view to, or in connection with, any distribution or public offering thereof within the meaning of the Securities Act.

 

(b)     No Intent to Take Over. Such Purchaser is not a party to any voting agreements or similar arrangements with respect to the Shares. Except as expressly disclosed in a Schedule 13D or Schedule 13G (or amendments thereto) filed by such Purchaser with the Commission with respect to the beneficial ownership of the Company’s Class A Common Stock, such Purchaser is not a member of a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, voting or disposing of the Shares. Such Purchaser has no present actual intent to seek to effect, or to assist others in effecting, a hostile acquisition of the Company.

 

(c)     Short Sales and Confidentiality Prior to the Date Hereof. Other than consummating the transactions contemplated hereunder, the Purchaser has not directly or indirectly, nor has any Person acting on behalf of or pursuant to any understanding with such Purchaser, executed any purchases or sales, including “short sales” as defined in Rule 200 of Regulation SHO of the Exchange Act, but shall be deemed to not include the location and/or reservation of borrowable shares of Class A Common Stock (“Short Sales”), of the securities of the Company during the period commencing as of the time that such Purchaser first learned of the specific purchase and sale transaction being effected pursuant to this Agreement and ending immediately prior to the execution and delivery hereof. Other than to other Persons party to this Agreement and to its counsel, such Purchaser has maintained the confidentiality of all disclosures made to it in connection with the transaction expressly contemplated by this Agreement (including the existence and terms of this transaction). Notwithstanding the foregoing, for avoidance of doubt, nothing contained herein shall constitute a representation or warranty, or preclude any actions, with respect to the identification of the availability of, or securing of, available shares to borrow in order to effect Short Sales or similar transactions in the future.

 

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(d)     Unregistered Securities; Legend. The Purchaser understands that the Shares have not been, and will not be, registered under the Securities Act or any state securities law, by reason of their issuance in a transaction exempt from the registration requirements of the Securities Act and such rules and regulations thereunder, and that such securities may be resold without registration under the U.S. Securities Act, only in certain limited circumstances. In this connection, such Purchaser represents that it is familiar with Rule 144 promulgated by the U.S. Securities and Exchange Commission (the “SEC”), as presently in effect, and understands the resale limitations imposed thereby and by the Securities Act of 1933, as amended (the “Securities Act”). The Shares shall bear the legends as set forth in Section 11, and appropriate stop transfer instructions may be issued.

 

(e)     Interested Stockholders. To the extent applicable, any Purchaser that is an “Interested Stockholder” (as such term is defined in Section 203 of the General Corporation Law of the State of Delaware) represents and warrants that it has been an Interested Stockholder for at least three years prior to the date hereof.

 

(f)     Status of Investor. The Purchaser has not been formed for the specific purpose of acquiring the Shares pursuant to this Agreement. The Purchaser understands the term “accredited investor” as used in Regulation D promulgated under the Securities Act and represents and warrants to the Company that the Purchaser is an “accredited investor” for purposes of acquiring the Shares purchasable by it hereunder.

 

(g)     Knowledge and Experience; Economic Risk. The Purchaser has sufficient knowledge and experience in business and financial matters and with respect to investment in securities of privately held companies so as to enable it to analyze and evaluate the merits and risks of the investment contemplated hereby and is capable of protecting its interest in connection with this transaction. The Purchaser is able to bear the economic risk of such investment, including a complete loss of the investment.

 

(h)     Access to Information. The Purchaser acknowledges that it and its representatives have had the opportunity to ask questions and receive answers from officers and representatives of the Company concerning the Company and its business and the transactions contemplated by this Agreement and to obtain any additional information which the Company possesses or can acquire that is necessary to verify the accuracy of the information regarding the Company herein set forth or otherwise desired in connection with the Purchaser’s purchase of the Shares purchasable by it hereunder.

 

(i)     Place of Business. The Purchaser has listed its principal place of business or registered address under its name on the signature page hereto.

 

(j)     No “Bad Actor” Disqualification. The Purchaser represents and warrants that neither (i) such person, nor (ii) any entity that controls such person or is under the control of, or under common control with, such person, nor (iii) any director of the Company that has been designated by such person, is subject to any of the “bad actor” Disqualification Events, except for Disqualification Events covered by Rule 506(d)(2)(ii) or (iii) under the Securities Act and disclosed in writing in reasonable detail to the Company.

 

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(k)     Lock Up. The Purchaser agrees that on or prior to August 17, 2018, neither the Purchaser nor any of its affiliates shall offer, sell, contract to sell, pledge, grant any option to purchase, make any Short Sale or otherwise dispose of in any manner, either directly or indirectly, any shares, including any CHESS Depository Interests (“CDIs”), held by such Purchaser purchased under this Agreement or any securities of the Company currently owned by the Purchaser, other than transfers of securities between and among the Purchaser and any one or more of its affiliates.

 

(l)     Authorization of this Agreement. The Purchaser has duly authorized, executed and delivered this Agreement, and this Agreement constitutes the valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms (except as enforceability may be limited by (x) applicable bankruptcy, reorganization, insolvency, moratorium and similar laws affecting the enforcement of creditors’ rights generally and (y) general equitable principles (regardless of whether enforceability is considered in a proceeding in equity or at law)).

 

5.            Covenants of the Company. 

 

(a)     The Company shall use its best efforts to obtain the approval of the Company’s stockholders for the purpose of ASX Listing Rule 10.11 and all other purposes to the issue of Shares to Cheskin (the “Requisite Approval”).

 

(b)     The Company shall use its best efforts to file the resale registration statement on Form S-3 under Securities Act with respect to the Shares within 60 days after the Closing.

 

6.         Conditions Precedent to Closing by the Purchaser. The obligation of the Purchasers to purchase and pay for the Shares at each Closing is subject to satisfaction (or waiver by the Purchaser) of the following conditions precedent at or before the Closing:

 

(a)     Representations and Warranties Correct. Each of the representations and warranties of the Company contained in Section 3 shall be true and accurate in all material respects on and as of the Closing with the same force and effect as if they had been made at the Closing, except for (a) those representations and warranties that address matters only as of a particular date (which shall remain true and correct as of such particular date), with the same force and effect as if they had been made at the Closing, and (b) those representations and warranties which (i) are qualified as to materiality or (ii) provide that the Company’s failure to comply with such representation or warranty would not result in a Material Adverse Effect shall be true and accurate in all respects as of the Closing.

 

(b)     Qualifications. All authorizations, approvals, or permits, if any, of any governmental authority or regulatory body of Australia, the United States or of any state that are required in connection with the lawful issuance and sale of the Shares pursuant to this Agreement shall be duly obtained and effective as of the Closing.

 

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7.          Conditions Precedent to Closing by the Company. The obligation of the Company to issue and sell the Shares being sold to the Purchaser at each Closing is subject to satisfaction (or waiver by the Company) of the following conditions precedent at or before the Closing:

 

(a)     Representations and Warranties Correct. The representations and warranties made in Section 4 hereof by the Purchaser shall be true and correct in all material respects on and as of the Closing with the same force and effect as if they had been made at the Closing.

 

(b)     Consents, Permits and Waivers. The Company shall have obtained any and all consents, permits and waivers necessary or appropriate for consummation of the transactions contemplated by this Agreement.

 

(c)     Release of Escrowed Funds. All funds delivered into escrow pursuant to Section 1(b) will have been released to the Company.

 

(d)     Closing of Rights Offering. The concurrent rights offering being made to holders of the Company’s common stock or CDIs with a registered address in Australia or New Zealand, as described more fully in the Registration Statement on Form S-1, filed on or about the date of this Agreement (the “Rights Offering”) shall have closed.

 

(e)     Requisite Approval. With respect to Second Closing and Cheskin only, the Company shall have obtained the Requisite Approval.

 

8.        Fees and Expenses. Each party to this Agreement shall bear all of its own fees and expenses incurred in connection with the preparation and negotiation of this Agreement and the consummation of the transactions contemplated hereby, including all fees of such party’s legal counsel.

 

9.          Remedies. In case any one or more of the representations, warranties, covenants or agreements set forth in this Agreement shall have been breached by the Company, the Purchaser may proceed to protect and enforce its rights either by suit in equity or by action at law, including, but not limited to, an action for damages as a result of any such breach or an action for specific performance of any such covenant or agreement contained in this Agreement.

 

10.         Survival of Representations, Warranties and Agreements. The covenants, representations and warranties of the parties contained herein shall survive any Closing hereunder. Each of the parties may rely on such covenants, representations and warranties irrespective of any investigation made, or notice or knowledge held by, it or any other person.

 

11.           Legend. It is understood that the certificates evidencing the Shares may bear the following legend (or substantially similar legends):

 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF APPLICABLE STATES. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.

 

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12.          Entire Agreement; Effect on Prior Documents. This Agreement and the other documents referred to herein or delivered pursuant hereto contain the entire agreement among the parties with respect to the transactions contemplated hereby and supersede all prior negotiations, commitments, agreements and understandings among them with respect thereto.

 

13.          Notices. All notices, requests, consents and other communications hereunder (“Notices”) to any party shall be contained in a written instrument addressed to such party at the address set forth below or such other address as may hereafter be designated in writing by the addressee to the addressor listing all parties and shall be deemed given (a) when delivered in person or duly sent by fax or email showing confirmation of receipt, (b) three days after being duly sent by first class mail postage prepaid (other than in the case of Notices to or from any non-U.S. resident, which Notices must be sent in the manner specified in clause (a) or (c)), or (c) two days after being duly sent by DHL, Federal Express or other recognized express international courier service: if to the Company, to Scott Murcray, Chief Financial Officer, AirXpanders, Inc., 3047 Orchard Parkway, San Jose, CA 95134, email: smurcray@airxpanders.com; with a copy to (which shall not constitute notice) to Cooley LLP 3175 Hanover St., Palo Alto, CA 94304, Attn: Mark Weeks, email: mweeks@cooley.com. All communications to the Purchasers shall be sent to the respective parties at the addresses set forth on the signature pages attached hereto (or at such other addresses as shall be specified by notice given in accordance with this Section 14).

 

14.          Amendments; Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and the holders of a majority of the Shares. Any amendment or waiver effected in accordance with this section shall be binding upon each holder of any securities purchased under this Agreement at the time outstanding (including securities into which such securities are convertible), each future holder of all such securities, and the Company.

 

15.         Counterparts; Facsimile Signatures. This Agreement may be executed in any number of counterparts, each such counterpart shall be deemed to be an original instrument, and all such counterparts together shall constitute but one agreement. Any such counterpart may contain one or more signature pages. This Agreement may be executed and delivered by facsimile, or by email in portable document format (.pdf) and upon such delivery of the signature page by such method will be deemed to have the same effect as if the original signature had been delivered to the other parties.

 

16.          Headings. The headings of the various sections of this Agreement have been inserted for convenience of reference only and shall not be deemed to be a part of this Agreement.

 

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17.         Nouns and Pronouns. Whenever the context may require, any pronouns used herein shall include the corresponding masculine, feminine or neuter forms, and the singular form of names and pronouns shall include the plural and vice-versa.

 

18.         Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the substantive laws of the State of Delaware without regard to its principles of conflicts of laws.

 

19.         Successors and Assigns. This Agreement shall be binding upon, and inure to the benefit of, each of the successors and assigns of the parties hereto and, except as otherwise expressly provided herein, each other person who shall become a registered holder named in a certificate evidencing the Shares transferred to such holder by a Purchaser or its permitted transferees, and (except as aforesaid) its legal representatives, successors and assigns.

 

20.         Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

 [Remainder of page intentionally left blank]

 

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In Witness Whereof, the undersigned have executed this Class A Common Stock Purchase Agreement as of the day and year first written above.

 

 

COMPANY:

 

AirXpanders, INC.

 

 

 

By: /s/ Frank Grilo                                 

Name: Frank Grillo

Title: Chief Executive Officer

 

 

[Signature Page to Class A Common Stock Purchase Agreement]

 

 

In Witness Whereof, the undersigned have executed this Class A Common Stock Purchase Agreement as of the day and year first written above.

 

 

PURCHASERS:

 

Vivo Ventures Fund VII, L.P.

 

 

/s/ Albert Cha                                            

By: Albert Cha,

Managing Member of Vivo Ventures VII, LLC, its

General Partner

 

 

 

Vivo Ventures VII Affiliates

Fund, L.P.

 

 

/s/ Albert Cha                                             

By: Albert Cha,

Managing Member of Vivo Ventures VII, LLC, its

General Partner

 

 

[Signature Page to Class A Common Stock Purchase Agreement]

 

 

In Witness Whereof, the undersigned have executed this Class A Common Stock Purchase Agreement as of the day and year first written above.

 

 

PURCHASERS:

 

 

/s/ Barry Cheskin                                            

Barry Cheskin

 

 

[Signature Page to Class A Common Stock Purchase Agreement]

 

 

Schedule of purchasers

 

 

Initial Closing

 

	
			Purchaser Name

				
			Purchase Amount

				
			Shares of Class A Common 

			Stock

			
	
			Vivo Ventures Fund VII, L.P.

			505 Hamilton Avenue, Suite 207

			Palo Alto, CA 94301

				
			$3,295,746.33

				
			19,712,492

			
	
			Vivo Ventures VII Affiliates Fund, L.P.

			505 Hamilton Avenue, Suite 207

			Palo Alto, CA 94301

				
			$71,833.04

				
			429,631

			
	
			Total

				
			$3,367,579.37

				
			20,142,123

			

 

 

Second Closing

 

	
			Purchaser Name

				
			Purchase Amount

				
			Shares of Class A Common 

			Stock

			
	
			Barry Cheskin

				
			$50,000.07

				
			299,060

			
	
			Total

				
			$50,000.07

				
			299,060at_EX10_1

		
			Exhibit 10.1
		

		
			 
		

		
			Execution Version
		

		
			 
		

		
			THIRD AMENDMENT
		

		
			TO CREDIT AND GUARANTY AGREEMENT
		

		
			THIS THIRD AMENDMENT TO CREDIT AND GUARANTY AGREEMENT (this “Amendment”) is dated as of April 19, 2018 and is entered into by and among APLP HOLDINGS LIMITED PARTNERSHIP, a limited partnership formed under the laws of the Province of Ontario, Canada (the “Borrower”), by its general partner, ATLANTIC POWER GP II INC., a corporation organized under the laws of the Province of British Columbia, Canada (in such capacity, the “General Partner”), ATLANTIC POWER CORPORATION, a corporation organized under the laws of the Province of British Columbia, Canada (the “Sponsor”), GOLDMAN SACHS LENDING PARTNERS LLC (“Goldman Sachs”), as Administrative Agent (“Administrative Agent”), acting with the consent of the Requisite Lenders and, for purposes of Section VIII hereof, the GUARANTORS listed on the signature pages hereto, and is made with reference to that certain CREDIT AND GUARANTY AGREEMENT dated as of April 13, 2016, as amended by that certain First Amendment to Credit and Guaranty Agreement, dated as of April 17, 2017, and as further amended by that certain Second Amendment to Credit and Guaranty Agreement, dated as of October 18, 2017  (and as further amended through the date hereof, the “Credit Agreement”) by and among the Borrower, by its General Partner, the Sponsor and the subsidiaries of the Borrower named therein, as Guarantors, the Lenders and L/C Issuers party thereto from time to time, the Administrative Agent and the Collateral Agent.  Capitalized terms used herein without definition shall have the same meanings herein as set forth in the Credit Agreement after giving effect to this Amendment.
		

		
			RECITALS
		

		
			WHEREAS, the Credit Parties have requested that the Requisite Lenders agree to amend certain provisions of the Credit Agreement as provided for herein;
		

		
			WHEREAS, subject to the conditions set forth herein, each Lender that has delivered their counterpart signature of this Amendment to the Administrative Agent in accordance with instructions given to the Lenders for delivery of such signatures hereby agrees to such amendment relating to the Credit Agreement as hereinafter set forth;
		

		
			WHEREAS, each Term Loan Lender under the Credit Agreement immediately prior to the Third Amendment Effective Date (collectively, the “Existing Term Loan Lenders”) that executes and delivers a consent to this Amendment in the form of the “Term Loan Lender Consent” attached hereto as Annex I (a “Term Loan Lender Consent”) and selects Option A thereunder (the “Continuing Term Loan Lenders”) hereby agrees to the terms and conditions of this Amendment;
		

		
			WHEREAS, each Existing Term Loan Lender that executes and delivers a Term Loan Lender Consent and selects Option B thereunder (the “Cash Roll Term Loan Lenders” and, together with the Continuing Term Loan Lenders, the “Consenting Term Loan Lenders”) hereby agrees to the terms and conditions of this Amendment and agrees that it shall execute, or shall be deemed to have executed, a counterpart of the Master Assignment and Assumption Agreement substantially in the form attached hereto as Annex III (a “Master Assignment”) and
		

		
			
		

		
			

		 

		

			 

		

 

		

		
			 
		

		
			shall in accordance therewith sell all of its existing Term Loans as specified in the applicable Master Assignment and commits to repurchase a like amount of the repriced Term Loans via assignment post-closing, as further set forth in this Amendment;
		

		
			WHEREAS, each Existing Term Loan Lender that fails to execute and return a Term Loan Lender Consent by 12:00 p.m. (New York City time), on April 6, 2018 (the “Consent Deadline”) (each, a “Non-Consenting Term Loan Lender”) shall, in accordance with Section 2.24 of the Credit Agreement, assign and delegate, without recourse (in accordance with Section 10.6 of the Credit Agreement), all of its interests, rights and obligations under the Credit Agreement and the related Credit Documents in respect of its existing Term Loans to an assignee that shall assume such obligations as specified in the applicable Master Assignment and Assumption Agreement substantially in the form attached hereto as Annex III (a “Master Assignment”), as further set forth in this Amendment;
		

		
			WHEREAS, each Revolving Lender holding Revolving Loans immediately prior to the Third Amendment Effective Date  (the “Existing Revolving Loans”) or unused Revolving Commitments immediately prior to the Third Amendment Effective Date (the “Existing Revolving Commitments” and, such Revolving Lenders holding such Existing Revolving Loans or Existing Revolving Commitments, the “Existing Revolving Lenders” and, together with the Existing Term Loan Lenders, the “Existing Lenders”) that executes and delivers a consent to this Amendment in the form of the “Revolving Lender Consent” attached hereto as Annex II (a “Revolving Lender Consent”, and the Revolving Lender Consents together with the Term Loan Lender Consents, the “Lender Consents”) (collectively, the “Consenting Revolving Lenders” and, together with the Consenting Term Loan Lenders, the “Consenting Lenders”) will, by the fact of such execution and delivery, be deemed to have consented to the terms of this Amendment;
		

		
			WHEREAS, each Existing Revolving Lender that fails to execute and return a Revolving Lender Consent by the Consent Deadline (each, a “Non-Consenting Revolving Lender”) shall, in accordance with Section 2.24 of the Credit Agreement, assign and delegate, without recourse (in accordance with Section 10.6 of the Credit Agreement), all of its interests, rights and obligations under the Credit Agreement and the related Credit Documents in respect of its Existing Revolving Loans and Existing Revolving Commitments to an assignee that shall assume such obligations as specified in the applicable Master Assignment, as further set forth in this Amendment; and
		

		
			WHEREAS, each Credit Party party hereto (collectively, the “Reaffirming Parties”, and each, a “Reaffirming Party”) expects to realize substantial direct and indirect benefits as a result of this Amendment becoming effective and the consummation of the transactions contemplated hereby and agrees to reaffirm its obligations pursuant to the Credit Agreement, the Collateral Documents, and the other Credit Documents to which it is a party.
		

		
			NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
		

		
			
		

		
			

		 

		

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			SECTION I.     AMENDMENTS TO CREDIT AGREEMENT.
		

		
			1.1       Amendments to Section 1: Definitions.
		

		
			A.     Section 1.1 of the Credit Agreement is hereby amended by adding the following definitions in proper alphabetical sequence:
		

		
			“Third Amendment” means that certain Third Amendment Agreement to Credit and Guaranty Agreement dated as of April 19, 2018 among the Borrower, by its General Partner, the Administrative Agent, the Lenders and the Guarantors listed on the signature pages thereto.
		

		
			“Third Amendment Effective Date” means the date of satisfaction of the conditions referred to in Section III of the Third Amendment.
		

		
			B.     Section 1.1 of the Credit Agreement is hereby amended by amending and restating the definition of “Applicable Margin” as follows:
		

		
			“Applicable Margin” means (a) prior to the Third Amendment Effective Date, (1) with respect to Revolving Loans that are Eurodollar Rate Loans and Letter of Credit Fees, 3.50%  per annum and with respect to Revolving Loans that are Base Rate Loans or Canadian Prime Rate Loans, 2.50%  per annum and (2) with respect to Term Loans that are Eurodollar Rate Loans, 3.50%  per annum and with respect to Term Loans that are Base Rate Loans, 2.50%  per annum, and (b) from and after the Third Amendment Effective Date, (1) with respect to Revolving Loans that are Eurodollar Rate Loans and Letter of Credit Fees, 3.00%  per annum and with respect to Revolving Loans that are Base Rate Loans or Canadian Prime Rate Loans, 2.00%  per annum and (2) with respect to Term Loans that are Eurodollar Rate Loans, 3.00%  per annum and with respect to Term Loans that are Base Rate Loans, 2.00%  per annum.
		

		
			1.2       Amendments to Section 2.14.
		

		
			Section 2.14(c) of the Credit Agreement is hereby amended by replacing the phrase “the date that is six (6) months after the Second Amendment Effective Date (provided that the reduction in the interest rate as implemented by the Second Amendment shall not be considered a Repricing Transaction)” therein with the phrase “the date that is six (6) months after the Third Amendment Effective Date (provided that the reduction in the interest rate as implemented by the Third Amendment shall not be considered a Repricing Transaction)” in each of such places it appears in such Section (such amendment, along with the Amendments in Sections 1.1(A) and Sections 1.1(B) above, the “Repricing Amendments”).
		

		
			SECTION II.    CONTINUATION OF EXISTING LOANS; NON-CONSENTING LENDERS; OTHER TERMS AND AGREEMENTS.
		

		
			2.1       Continuing Lenders.  Each Existing Term Loan Lender selecting Option A on the Term Loan Lender Consent hereby consents and agrees to this Amendment.  Each Existing
		

		
			
		

		
			

		 

		

			3

		

 

		

		
			 
		

		
			Revolving Lender executing and delivering a Revolving Lender Consent hereby consents and agrees to this Amendment.
		

		
			2.2       Cash Roll Term Loan Lenders.  Each Existing Term Loan Lender hereto selecting Option B on the Term Loan Lender Consent hereby consents and agrees (subject to the effectiveness of the assignment referred to in the following clause (ii)) to (i) this Amendment, (ii) sell the entire principal amount of its existing Term Loans via an assignment on the Third Amendment Effective Date pursuant to a Master Assignment and (iii) commit to repurchase a like amount of the repriced Term Loans via an assignment after the Third Amendment Effective Date.  By executing a Term Loan Lender Consent and selecting Option B, each Cash Roll Term Loan Lender shall be deemed to have executed a counterpart to the applicable Master Assignment to give effect, solely upon the consent and acceptance by the Replacement Lender, to the assignment described in clause (ii) of the immediately preceding sentence.
		

		
			2.3       Non-Consenting Term Loan Lenders.  The Borrower hereby gives notice to each Non-Consenting Term Loan Lender that, upon receipt of Lender Consents from the Existing Lenders constituting the Requisite Lenders prior to the Third Amendment Effective Date, if such Non-Consenting Term Loan Lender has not executed and delivered a Term Loan Lender Consent on or prior to the Consent Deadline, such Non-Consenting Term Loan Lender shall, pursuant to Section 2.24 of the Credit Agreement, execute within one (1) Business Day after the Third Amendment Effective Date or be deemed to have executed a counterpart of the applicable Master Assignment and shall in accordance therewith sell its Existing Terms Loans as specified in the Master Assignment.  Pursuant to the Master Assignment, each Non-Consenting Term Loan Lender shall sell and assign the principal amount of its Existing Term Loans as set forth in Schedule I to the Master Assignment, as such Schedule is completed by the Administrative Agent on or prior to the Third Amendment Effective Date, to Goldman Sachs, as assignee (in such capacity the “Replacement Lender”) under such Master Assignment, solely upon the consent and acceptance by the Replacement Lender.  The Replacement Lender shall be deemed to have consented to this Amendment with respect to such purchased Term Loans at the time of such assignment.
		

		
			2.4       Non-Consenting Revolving Lenders.  The Borrower hereby gives notice to each Non-Consenting Revolving Lender that, upon receipt of Lender Consents from the Existing Lenders constituting the Requisite Lenders prior to the Third Amendment Effective Date, if such Non-Consenting Revolving Lender has not executed and delivered a Revolving Lender Consent on or prior to the Consent Deadline, such Non-Consenting Revolving Lender shall, pursuant to Section 2.24 of the Credit Agreement, execute within one (1) Business Day after the Third Amendment Effective Date or be deemed to have executed a counterpart of the applicable Master Assignment and shall in accordance therewith sell its Existing Revolving Loans and Existing Revolving Commitments as specified in the Master Assignment.  Pursuant to the Master Assignment, each Non-Consenting Revolving Lender shall sell and assign the principal amount of its Existing Revolving Loans and Existing Revolving Commitments as set forth in Schedule I to the Master Assignment, as such Schedule is completed by the Administrative Agent on or prior to the Third Amendment Effective Date, to the Replacement Lender under such Master Assignment, solely upon the consent and acceptance by the Replacement Lender.  The Replacement Lender shall be deemed to have consented to this Amendment with respect to such purchased Revolving Loans and Revolving Commitments at the time of such assignment.
		

		
			
		

		
			

		 

		

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			SECTION III.     CONDITIONS TO EFFECTIVENESS.
		

		
			The Repricing Amendments shall become effective as of the date hereof only upon the satisfaction of all of the following conditions precedent (the date of satisfaction of such conditions being referred to herein as the “Third Amendment Effective Date”):
		

		
			A.     Execution. Administrative Agent shall have received a counterpart signature page of this Amendment duly executed by (i) each of the Credit Parties and the General Partner, (ii) the Lenders under the Credit Agreement consisting of at least the Requisite Lenders and (iii) the Administrative Agent.
		

		
			B.     Fees; Interest.
		

		
			(a)     The Administrative Agent shall have received (i) all fees, costs, expenses and other amounts due and payable on or prior to the Third Amendment Effective Date, including, to the extent invoiced, reimbursement or other payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder or any other Credit Document and (ii) for the account of each Lender, all interest accrued but unpaid on all existing Loans through the Third Amendment Effective Date.
		

		
			(b)     The Arrangers, as Repricing Arrangers (as defined below), shall have each received all fees due and payable under that certain engagement letter, dated as of April 3, 2018, by and among the Sponsor and the Arrangers (the “Third Amendment Engagement Letter”), and the fee letters between the Sponsor and each Arranger, dated as of April 3, 2018, respectively.
		

		
			C.     Legal Opinions.  The Administrative Agent shall have received a favorable opinion of (a) Norton Rose Fulbright US LLP, New York, Delaware and California special counsel to the Credit Parties and (b) Goodmans LLP, Burnet, Duckworth & Palmer LLP and MLT Atkins LLP, local Canadian counsel to the Credit Parties,  in each case in form and substance satisfactory to the Administrative Agent.
		

		
			D.     Third Amendment Effective Date Certificate.  The Administrative Agent shall have received a certificate signed by a Responsible Officer of the Borrower as to the matters set forth in paragraphs (F) and (G) of this Section III.
		

		
			E.      Organizational Documents; Incumbency.  The Administrative Agent shall have received, in respect of each Credit Party and the General Partner, a certificate dated as of the Third Amendment Effective Date of the secretary or an assistant secretary or director (or such other officer reasonably acceptable to the Administrative Agent) of such party, in form and substance reasonably satisfactory to the Administrative Agent, certifying (i) that either (A) attached thereto is a true and complete and up to date copy of the Organizational Documents including any certificate on change of name and all amendments thereto of such Credit Party or the General Partner, as applicable, certified as of a recent date by the Secretary of State (or comparable Governmental Authority) of its jurisdiction of organization (where applicable), and that the same has not been amended since the date of such certification or (B) the Organizational Documents of such Credit Party or the General Partner, as applicable, delivered on the Effective Date to the Administrative Agent have not been amended and are in full force and effect; (ii) that
		

		
			
		

		
			

		 

		

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			either (A) attached thereto is a true and complete copy of the bylaws or comparable governing documents of such Credit Party or the General Partner, as applicable, as then in effect and as in effect at all times without amendment of supersession from the date on which the resolutions referred to in clause (iii) below were adopted to and including the date of such certificate or (B) that the bylaws or comparable governing documents of such Credit Party or the General Partner, as applicable, delivered on the Effective Date to the Administrative Agent have not been amended and are in full force and effect; (iii) that attached thereto is a true and complete copy of resolutions of the board of directors or similar governing body of such Credit Party (or, in the case of a limited partnership, of the general partner, acting on behalf of such limited partnership) and the General Partner, acting in its own capacity, approving and, to the extent required in any jurisdiction, resolutions of the meeting of shareholders of a Credit Party (or, in the case of a limited partnership, of the general partner, acting on behalf of such limited partnership) and the General Partner, acting in its own capacity, in each case, authorizing the execution, delivery and performance of this Amendment and any related Credit Documents to which it is a party which are in full force and effect without amendment or supersession as of the date of the certificate; (iv) a good standing certificate (to the extent such concept is known in the relevant jurisdiction) from the applicable Governmental Authority of such Credit Party’s or the General Partner’s, as applicable, jurisdiction of incorporation, organization or formation dated the Third Amendment Effective Date or a recent date prior thereto; and (v) as to the incumbency and genuineness of the signature of each officer, director or other comparable authorized manager or attorney of such Credit Party or the General Partner, as applicable, executing this Amendment or any of such other Credit Documents, and attaching all such copies of the documents described above.
		

		
			F.       No Default.  No Default or Event of Default has occurred and is continuing both before and immediately after giving effect to the transactions contemplated hereby.
		

		
			G.      Representations and Warranties.  The representations and warranties of the Borrower and each of the Guarantors set forth in Section IV of this Amendment are true and correct.
		

		
			H.      Master Assignment.  The Replacement Lender shall have executed and delivered the Master Assignment contemplated by Section II above and all conditions to the consummation of the assignments in accordance with Section II above shall have been satisfied and such assignments shall have been consummated.
		

		
			I.        Non-Consenting Lenders.  The Borrower shall have, substantially concurrently with the effectiveness of this Amendment, paid to all Non-Consenting Term Loan Lenders and Non-Consenting Revolving Lenders all indemnities, fees, cost reimbursements and other Obligations (other than interest payable under Section III.B. above and principal and all other amounts paid to such Non-Consenting Term Loan Lender or Non-Consenting Revolving Lender under Section II above), if any, then due and owing to such Non-Consenting Term Loan Lenders and Non-Consenting Revolving Lenders under the Credit Agreement and the other Credit Documents (immediately prior to the Third Amendment Effective Date).
		

		
			J.       Necessary Consents. Each Credit Party shall have obtained all material consents necessary or advisable in connection with the transactions contemplated by this Amendment.
		

		
			
		

		
			

		 

		

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			SECTION IV.     REPRESENTATIONS AND WARRANTIES.
		

		
			In order to induce the other parties hereto to enter into this Amendment and to amend the Credit Agreement in the manner provided herein, each Credit Party represents and warrants to each of the Lenders and the Administrative Agent that, as of the Third Amendment Effective Date:
		

		
			A.     Corporate Power and Authority.  Each Credit Party, which is party hereto, has all requisite power and authority to enter into this Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (the “Amended Agreement”) and the other Credit Documents.
		

		
			B.     Authorization of Agreements.  The execution and delivery of this Amendment and the performance of the Amended Agreement and the other Credit Documents have been duly authorized by all necessary action on the part of each Credit Party.
		

		
			C.     No Conflict.  The execution and delivery by each Credit Party of this Amendment and the performance by each Credit Party of the Amended Agreement and the other Credit Documents do not and will not (i) violate (A) any provision of any law, statute, rule or regulation, or of the certificate or articles of incorporation or partnership agreement, other constitutive documents or by-laws of Holdings, the Borrower or any Credit Party or (B) any applicable order of any court or any rule, regulation or order of any Governmental Authority, (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under any Contractual Obligation of the applicable Credit Party, where any such conflict, violation, breach or default referred to in clause (i) or (ii) of this Section IV.C., individually or in the aggregate could reasonably be expected to have a Material Adverse Effect, (iii) except as permitted under the Amended Agreement, result in or require the creation or imposition of any Lien upon any of the properties or assets of each Credit Party (other than any Liens created under any of the Credit Documents in favor of Administrative Agent on behalf of Lenders), or (iv) require any approval of stockholders or partners or any approval or consent of any Person under any Contractual Obligation of each Credit Party, except for such approvals or consents which will be obtained on or before the Third Amendment Effective Date and except for any such approvals or consents the failure of which to obtain will not have a Material Adverse Effect.
		

		
			D.     Governmental Consents.  No action, consent or approval of, registration or filing with or any other action by any Governmental Authority is or will be required in connection with the execution and delivery by each Credit Party of this Amendment and the performance by the Borrower and Holdings of the Amended Agreement and the other Credit Documents, except for such actions, consents and approvals the failure to obtain or make which could not reasonably be expected to result in a Material Adverse Effect or which have been obtained and are in full force and effect.
		

		
			E.     Binding Obligation.  This Amendment and the Amended Agreement have been duly executed and delivered by each of the Credit Parties party thereto and each constitutes a legal, valid and binding obligation of such Credit Party to the extent a party thereto, enforceable against such Credit Party in accordance with its terms, except as enforceability may be limited by
		

		
			
		

		
			

		 

		

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			bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting creditors’ rights generally and except as enforceability may be limited by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).
		

		
			F.     Incorporation of Representations and Warranties from Credit Agreement. The representations and warranties (a) contained in Section 4 of the Amended Agreement (other than Section 4.24) are and will be true and correct in all material respects on and as of the Third Amendment Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they were true and correct in all material respects on and as of such earlier date and (b) contained in Section 4.24 of the Amended Agreement are and will be true and correct in all material respects on and as of the Third Amendment Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties (x) specifically relate to an earlier date, in which case they were true and correct in all material respects on and as of such earlier date, or (y) have been updated, modified, supplemented or otherwise superseded by information contained in the most recent Form 10-K and Form 10-Q and any Form 8-K (to the extent such Form 8-K was filed on or after the date of the most recent Form 10-Q) filed by the Sponsor with the Securities and Exchange Commission, in which case they were true and correct in all material respects on and as of the date of the most recent Form 10-K and Form 10-Q and any such Form 8-K and will be true and correct in all material respects on and as of the Third Amendment Effective Date to the same extent as though made on and as of that date;  provided that, in each case, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof.
		

		
			G.     Absence of Default.  No event has occurred and is continuing or will result from the consummation of the transactions contemplated by this Amendment that would constitute an Event of Default or a Default.
		

		
			SECTION V.     BORROWER’S CONSENT.
		

		
			For purposes of Section 10.6 of the Credit Agreement, the Borrower hereby consents to any assignee of the Replacement Lender or any of its respective Affiliates (in each case otherwise being an Eligible Assignee) becoming a Term Loan Lender and/or Revolving Lender, as applicable, in connection with the syndication of the Term Loans and Revolving Commitments acquired by the Replacement Lender pursuant to Section II hereof.
		

		
			SECTION VI.     REPRICING ARRANGERS.
		

		
			The Credit Parties and the Lenders party hereto agree that (a) the Arrangers, in their respective capacities as joint lead arrangers with respect to this Amendment (collectively, the “Repricing Arrangers”), shall be entitled to the privileges, indemnification, immunities and other benefits afforded to the Arrangers under the Amended Agreement and (b) except as otherwise agreed to in writing by the Borrower, the General Partner and the Repricing Arrangers, the Repricing Arrangers shall have no duties, responsibilities or liabilities with respect to this Amendment, the Amended Agreement or any other Credit Document.
		

		
			
		

		
			

		 

		

			8

		

 

		

		
			 
		

		
			SECTION VII.     INDEMNIFICATION.
		

		
			Each Credit Party hereby confirms that the indemnification provisions set forth in Section 10.3 of the Amended Agreement shall apply to this Amendment and the transactions contemplated hereby.
		

		
			SECTION VIII.     REAFFIRMATION.
		

		
			Each of the Reaffirming Parties, as party to the Credit Agreement and certain of the Collateral Documents and the other Credit Documents, in each case as amended, supplemented or otherwise modified from time to time, hereby (i) acknowledges and agrees that all of its obligations under the Credit Agreement, the Collateral Documents and the other Credit Documents to which it is a party are reaffirmed and remain in full force and effect on a continuous basis, (ii) reaffirms (A) each Lien granted by it to the Administrative Agent for the benefit of the Secured Parties and (B) any guaranties made by it pursuant to the Credit Agreement, (iii) acknowledges and agrees that the grants of security interests by it contained in any Collateral Document to which it is a party shall remain, in full force and effect after giving effect to this Amendment, and (iv) agrees that the Obligations include, among other things and without limitation, the prompt and complete payment and performance by the Borrower when due and payable (whether at the stated maturity, by acceleration or otherwise) of principal and interest on, and premium (if any) on, the Term Loans under the Amended Agreement.  Nothing contained in this Amendment shall be construed as substitution or novation of the obligations outstanding under the Credit Agreement or the other Credit Documents, which shall remain in full force and effect, except to any extent modified hereby
		

		
			Each Guarantor acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Amendment, such Guarantor is not required by the terms of the Credit Agreement or any other Credit Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment and (ii) nothing in the Credit Agreement, this Amendment or any other Credit Document shall be deemed to require the consent of such Guarantor to any future amendments to the Credit Agreement.
		

		
			SECTION IX.     ADMINISTRATIVE AGENT.
		

		
			The Credit Parties acknowledge and agree that Goldman Sachs, in its capacity as administrative agent under the Credit Agreement, will serve as Administrative Agent under this Amendment and under the Amended Agreement.
		

		
			SECTION X.     MISCELLANEOUS.
		

		
			A.     Reference to and Effect on the Credit Agreement and the Other Credit Documents.
		

		
			(i)       On and after the Third Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement, and each reference in the other Credit Documents to the “Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement shall mean and be a
		

		
			
		

		
			

		 

		

			9

		

 

		

		
			 
		

		
			reference to the Credit Agreement as amended by this Amendment.
		

		
			(ii)      Except as specifically amended by this Amendment, the Credit Agreement and the other Credit Documents shall remain in full force and effect and are hereby ratified and confirmed.
		

		
			(iii)     The execution, delivery and performance of this Amendment shall not constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of any Agent or Lender under, the Credit Agreement or any of the other Credit Documents.
		

		
			(iv)     This Amendment shall be deemed to be a Credit Document as defined in the Credit Agreement.
		

		
			B.     Headings.  Section and Subsection headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect.
		

		
			C.     Applicable Law.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK.
		

		
			D.    Jurisdiction; Waiver of Jury Trial.  The provisions of Sections 10.15 and 10.16 of the Credit Agreement pertaining to consent to jurisdiction, service of process, and waiver of jury trial are hereby incorporated by reference herein, mutatis mutandis.
		

		
			E.     Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile or in electronic format (e.g., “pdf” or “tif” file format) shall be effective as delivery of a manually executed counterpart of this Amendment.
		

		
			F.     Severability.  Any term or provision of this Amendment which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Amendment or affecting the validity or enforceability of any of the terms or provisions of this Amendment in any other jurisdiction.  If any provision of this Amendment is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as would be enforceable.
		

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

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						BORROWER:

					
					
						APLP HOLDINGS LIMITED PARTNERSHIP

				
	
					
						 

					
					
						By: Atlantic Power GP II, Inc., its General Partner

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Chief Financial Officer

				

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						SPONSOR:

					
					
						ATLANTIC POWER CORPORATION

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name: 

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Chief Financial Officer

				

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			[Signature Page to Third Amendment]

		

 

		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						GUARANTORS:

				
	
					
						 

					
					
						ATLANTIC POWER LIMITED PARTNERSHIP

				
	
					
						 

					
					
						By: Atlantic Power GP Inc., its General Partner

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Chief Financial Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						AP (CURTIS PALMER) LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						AP POWER HOLDINGS LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						AP USGP HOLDINGS, LLC

				
	
					
						 

					
					
						By: Atlantic Power (US) GP Holdings, Inc., its sole member

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						APDC, INC.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		
			
		

		
			

		 

		

			[Signature Page to Third Amendment]

		

 

		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						GUARANTORS (cont.):

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						APPLIED ENERGY LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER (COASTAL RIVERS) CORPORATION

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Chief Financial Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER ENERGY SERVICES (CANADA) INC.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Chief Financial Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER ENERGY SERVICES (US) LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER ENTERPRISES LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		
			
		

		
			

		 

		

			[Signature Page to Third Amendment]

		

 

		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						GUARANTORS (cont.):

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER FPLP HOLDINGS LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER GP INC.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Chief Financial Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER GP II, INC.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Chief Financial Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER HOLDINGS LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		
			
		

		

		 

		

			[Signature Page to Third Amendment]

		

 

	
					
						

					
						

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						GUARANTORS (cont.):

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER PREFERRED EQUITY LTD.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Chief Financial Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER (US) GP

				
	
					
						 

					
					
						By: Atlantic Power (US) GP Holdings, Inc., its General Partner

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Chief Financial Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER (US) GP HOLDINGS, INC.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Chief Financial Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER USA LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		
			
		

		

		 

		

			[Signature Page to Third Amendment]

		

 

	
					
						

					
						 

					
					
						 

				
	
					
						 

					
					
						GUARANTORS (cont.):

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER USA HOLDINGS LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER USA VENTURES LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC POWER (WILLIAMS LAKE) LTD.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Chief Financial Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						CURTIS/PALMER HYDROELECTRIC COMPANY L.P.

				
	
					
						 

					
					
						By: Curtis Palmer LLC, its General Partner

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						CURTIS PALMER LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		
			
		

		

		 

		

			[Signature Page to Third Amendment]

		

 

	
					
						

					
						 

					
					
						 

				
	
					
						 

					
					
						GUARANTORS (cont.):

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						EF KENILWORTH LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						EF OXNARD LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						FREDERICKSON POWER MANAGEMENT INC.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						MANCHIEF LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						MANCHIEF HOLDING LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						MANCHIEF POWER COMPANY LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			
		

		
			

		 

		

			[Signature Page to Third Amendment]

		

 

		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						GUARANTORS (cont.):

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						MORRIS COGENERATION, LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ATLANTIC MIDWAY VENTURES LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Terrence Ronan

				
	
					
						 

					
					
						Name:

					
					
						Terrence Ronan

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		
			
		

		
			

		 

		

			[Signature Page to Third Amendment]

		

 

		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						GOLDMAN SACHS LENDING PARTNERS LLC,

				
	
					
						 

					
					
						as Administrative Agent

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						                          /s/ Douglas Tansey

				
	
					
						 

					
					
						Authorized Signatory

				
	
					
						 

					
					
						 

				

		
			 
		

		
			 
		

		
			

		 

		

			[Signature Page to Third Amendment]

		

 

		

		
			ANNEX I TO THIRD AMENDMENT
		

		
			 
		

		
			TERM LOAN LENDER CONSENT TO
		

		
			THIRD AMENDMENT TO CREDIT AGREEMENT
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						[NAME OF TERM LOAN LENDER], as a Term Loan Lender

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						[[For Term Loan Lenders requiring a second signature block]

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:]

					
					
						 

				

		
			 
		

		
			PROCEDURE FOR TERM LOAN LENDERS:
		

		
			 
		

		
			The above-named Term Loan Lender elects to:
		

		
			 
		

		
			OPTION A  – CONSENT TO AMENDMENT AND CONTINUATION OF EXISTING TERM LOANS (CASHLESS OPTION): ☐ Consent and agree to the Third Amendment and continue as a Term Loan Lender under the Credit Agreement after giving effect to the Third Amendment.
		

		
			OPTION B – CONSENT TO AMENDMENT VIA CASH SETTLEMENT: ☐ Consent to the Third Amendment and agree to sell all of its existing Term Loans to the Replacement Lender pursuant to a Master Assignment.
		

		
			 
		

		
			 
		

		
			

		 

		

			Annex I

		

 

		

		
			 
		

		
			ANNEX II TO THIRD AMENDMENT
		

		
			 
		

		
			REVOLVING LENDER CONSENT TO
		

		
			THIRD AMENDMENT TO CREDIT AGREEMENT
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						[NAME OF REVOLVING LENDER], as a Revolving Lender

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						[[For Revolving Lenders requiring a second signature block]

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:]

					
					
						 

				

		
			 
		

		
			 
		

		
			

		 

		

			Annex II

		

 

		

		
			 
		

		
			ANNEX III TO THIRD AMENDMENT
		

		
			 
		

		
			FORM OF MASTER ASSIGNMENT AND ASSUMPTION AGREEMENT
		

		
			 
		

		
			This Assignment and Assumption Agreement (this “Master Assignment”) is dated as of the Effective Date set forth below and is entered into by and between each Assignor identified in Section 1 below (each, an “Assignor”) and Goldman Sachs Lending Partners LLC (the “Assignee”).  Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, 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 as if set forth herein in full.
		

		
			For an agreed consideration, each Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the applicable 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 applicable Assignor’s rights and obligations in its capacity as a Term Loan Lender and/or Revolving Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest of all of the applicable Assignor’s outstanding rights and obligations under the respective facilities identified opposite such Assignor’s name on Schedule I hereto (including, without limitation, any letters of credit, guaranties, and swingline loans 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 applicable Assignor (in its capacity as a Term Loan Lender and/or Revolving 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, but not limited to, 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 by the applicable Assignor to the Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”).  Such sale and assignment is without recourse to any Assignor and, except as expressly provided in this Assignment, without representation or warranty by any Assignor.
		

		
			By purchasing the Assigned Interest, the Assignee agrees that, for purposes of that certain Third Amendment to Credit and Guaranty Agreement, dated as of April 19, 2018 (the “Third Amendment”), by and among the Borrower,  by its General Partner, the Sponsor and certain subsidiaries of the Borrower, as Guarantors, the Requisite Lenders, the Replacement Lender and the Consenting Lenders referred to therein and the Administrative Agent, it shall be deemed to have consented and agreed to the Third Amendment.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						1.

					
					
						Assignor:

					
					
						Each person identified on Schedule I hereto

				

		
			 
		

		
			
		

		
			

		 

		

			ANNEX III-1

		

 

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						2.

					
					
						Assignee:

					
					
						GOLDMAN SACHS LENDING PARTNERS LLC 

				
	
					
						3.

					
					
						Borrower:

					
					
						APLP HOLDINGS LIMITED PARTNERSHIP

				
	
					
						4.

					
					
						Administrative Agent:

					
					
						GOLDMAN SACHS LENDING PARTNERS LLC, as the administrative agent under the Credit Agreement

				
	
					
						5.

					
					
						Credit Agreement:

					
					
						The Credit and Guaranty Agreement, dated as of April 13, 2016, as amended by that certain First Amendment to Credit and Guaranty Agreement, dated as of April 17, 2017, and as further amended by that certain Second Amendment to Credit and Guaranty Agreement, dated as of October 18, 2017 (as it may be further amended, restated, extended, supplemented or otherwise modified from time to time; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among the Borrower, by its General Partner, ATLANTIC POWER GP II INC., ATLANTIC POWER CORPORATION (“Sponsor”) and certain subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS BANK USA and BANK OF AMERICA, N.A. (“Bank of America”),  as L/C Issuers, GOLDMAN SACHS LENDING PARTNERS LLC (“Goldman Sachs”) and Bank of America, as Joint Syndication Agents, Goldman Sachs as Administrative Agent (together with its permitted successors in such capacity, “Administrative Agent”) and as Collateral Agent (together with its permitted successors in such capacity, “Collateral Agent”), Goldman Sachs, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,  RBC CAPITAL MARKETS, THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., a member of MUFG, a global financial group,  WELLS FARGO SECURITIES, LLC, and INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, NEW YORK BRANCH, in their respective capacities as Arrangers and Bookrunners.

				
	
					
						6.

					
					
						Assigned Interests:

					
					
						As indicated on Schedule I hereto.

				
	
					
						 

					
					
						 

				

		
			 
		

		
			Effective Date:   April 19, 2018
		

		
			 
		

		
			
		

		
			

		 

		

			ANNEX III-2

		

 

		

		
			 
		

		
			The terms set forth in this Assignment are hereby agreed to:
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						ASSIGNEE:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						GOLDMAN SACHS LENDING PARTNERS LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Authorized Signatory

				

		
			 
		

		
			Consented to and Accepted:
		

		
			GOLDMAN SACHS LENDING PARTNERS LLC,  
as Administrative Agent
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						By:

					
					
						 

					
					
						 

				
	
					
						Authorized Signatory

					
					
						 

				

		
			 
		

		
			 
		

		
			Consented to:
		

		
			APLP HOLDINGS LIMITED PARTNERSHIP, as Borrower, by its General Partner, ATLANTIC POWER GP II INC.
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						 

					
					
						 

				
	
					
						Authorized Signatory

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			ANNEX III-3

		

 

		

		
			 
		

		
			ANNEX 1
		

		
			STANDARD TERMS AND CONDITIONS FOR MASTER ASSIGNMENT
		

		
			AND ASSUMPTION AGREEMENT
		

		
			1.         Representations and Warranties.
		

		
			1.1       Assignor.  Each 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, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and to consummate the transactions contemplated hereby and (iv) it is not a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with any Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any other instrument or document delivered pursuant thereto, other than this Assignment (herein collectively the “Credit 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 Credit 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 Credit 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 to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement, (iii) from and after the Effective Date of the assignment, it shall be bound by the provisions of the Credit Agreement and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and to purchase the Assigned Interest, (vi) it has, independently and without reliance upon Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and to purchase the Assigned Interest, and (vii)  attached to this Assignment is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement (in particular, as prescribed in Section 2.21(c) thereof), duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such
		

		
			
		

		
			

		 

		

			ANNEX III-4

		

 

		

		
			 
		

		
			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 Credit Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Credit Documents are required to be performed by it as a Lender.
		

		
			2.         Payments.  All payments with respect to the Assigned Interests shall be made on the Effective Date as follows:
		

		
			2.1       From and after the Effective Date of the assignment, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the applicable Assignor for amounts which have accrued to but excluding the Effective Date of the assignment and to the Assignee for amounts which have accrued from and after the Effective Date of the assignment.  Notwithstanding the foregoing, the Administrative Agent shall make all payments of interest, fees or other amounts paid or payable in kind from and after the Effective Date of the assignment to the Assignee.
		

		
			3.         General Provisions.  This Assignment shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.  This Assignment 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 by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment.  THIS ASSIGNMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE STATE OF NEW YORK.
		

		
			[Remainder of page intentionally left blank.]
		

		
			 
		

		
			
		

		
			

		 

		

			ANNEX III-5

		

 

		

		
			 
		

		
			SCHEDULE I TO
		

		
			MASTER ASSIGNMENT AND ASSUMPTION
		

		
			 
		

		
			Term Loans
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Assignor

					
					
						Aggregate Amount of
Commitments/Loans
for all Lenders

					
					
						Amount of
Commitment/Loans
Assigned

					
					
						Percentage Assigned of
Commitment/Loans1

				
	
					
						[  ]

					
					
						$[  ]

					
					
						$[  ]

					
					
						[  ]%

				
	
					
						[  ]

					
					
						$[  ]

					
					
						$[  ]

					
					
						[  ]%

				

		
			 
		

		
			Revolving Commitments/Revolving Loans
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Assignor

					
					
						Aggregate Amount of
Commitments/Loans
for all Lenders

					
					
						Amount of
Commitment/Loans
Assigned

					
					
						Percentage Assigned of
Commitment/Loans2

				
	
					
						[  ]

					
					
						$[  ]

					
					
						$[  ]

					
					
						[  ]%

				
	
					
						[  ]

					
					
						$[  ]

					
					
						$[  ]

					
					
						[  ]%

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

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

		
			2 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder.
		

		
			 
		

		 

		

			ANNEX III-6

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