Document:

Exhibit 4.1

  

GE DEALER FLOORPLAN MASTER NOTE TRUST,

  

as Issuer,

  

and

  

DEUTSCHE BANK TRUST COMPANY AMERICAS,

  

as Indenture Trustee

 

FORM OF

SERIES 2014-1 INDENTURE SUPPLEMENT

Dated as of July 22, 2014

  

    	 	 	2014-1 Indenture Supplement

    	 

    

 

Table
of Contents

 

	 	 	 	Page
	 	 	 	 
	ARTICLE I	DEFINITIONS	 	1
	 	 	 	 
	SECTION 1.1.	Definitions	 	1
	 	 	 	 
	SECTION 1.2.	Incorporation of Terms	 	10
	 	 	 	 
	ARTICLE II	Creation of the Series 2014-1 Notes	 	10
	 	 	 	 
	SECTION 2.1.	Designation	 	10
	 	 	 	 
	SECTION 2.2.	Transfer Restrictions	 	11
	 	 	 	 
	ARTICLE III	REPRESENTATIONS, WARRANTIES and Covenants	 	13
	 	 	 	 
	SECTION 3.1.	Representations, Warranties and Covenants with respect to ERISA	 	13
	 	 	 	 
	ARTICLE IV	Rights of Series 2014-1 Noteholders and Allocation and Application of Collections	 	13
	 	 	 	 
	SECTION 4.1.	Determination of Interest and Principal	 	13
	 	 	 	 
	SECTION 4.2.	Establishment of Accounts	 	14
	 	 	 	 
	SECTION 4.3.	Calculations and Series Allocations	 	15
	 	 	 	 
	SECTION 4.4.	Application of Available Non-Principal Collections and Available Principal Collections	 	18
	 	 	 	 
	SECTION 4.5.	Payments	 	21
	 	 	 	 
	SECTION 4.6.	Investor Charge-Offs	 	22
	 	 	 	 
	SECTION 4.7.	Reallocated Principal Collections	 	22
	 	 	 	 
	SECTION 4.8.	Excess Non-Principal Collections	 	22
	 	 	 	 
	SECTION 4.9.	Shared Principal Collections	 	22
	 	 	 	 
	SECTION 4.10.	Reserve Account	 	23
	 	 	 	 
	SECTION 4.11.	Investment of Amounts on Deposit in Series Accounts	 	23
	 	 	 	 
	SECTION 4.12.	Controlled Accumulation Period	 	24
	 	 	 	 
	SECTION 4.13.	Determination of LIBOR	 	25
	 	 	 	 
	ARTICLE V	Delivery of Series 2014-1 Notes; Reports to Series 2014-1 Noteholders	 	25
	 	 	 	 
	SECTION 5.1.	Delivery and Payment for the Series 2014-1 Notes	 	25
	 	 	 	 
	SECTION 5.2.	Reports and Statements to Series 2014-1 Noteholders	 	25
	 	 	 	 
	ARTICLE VI	Series 2014-1 Early Amortization Events	 	26
	 	 	 	 
	SECTION 6.1.	Series 2014-1 Early Amortization Events	 	26

 

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 Table of Contents

(continued)

 

	 	 	 	Page
	 	 	 	 
	ARTICLE VII	Redemption of Series 2014-1 Notes; Final Distributions; Series Termination	 	28
	 	 	 	 
	SECTION 7.1.	Optional Redemption of Series 2014-1 Notes; Final Distributions	 	28
	 	 	 	 
	SECTION 7.2.	Series Termination	 	29
	 	 	 	 
	ARTICLE VIII	Miscellaneous Provisions	 	29
	 	 	 	 
	SECTION 8.1.	Ratification of Indenture; Amendments	 	29
	 	 	 	 
	SECTION 8.2.	Form of Delivery of the Series 2014-1 Notes	 	29
	 	 	 	 
	SECTION 8.3.	Counterparts	 	29
	 	 	 	 
	SECTION 8.4.	GOVERNING LAW	 	29
	 	 	 	 
	SECTION 8.5.	Limitation of Liability	 	31
	 	 	 	 
	SECTION 8.6.	Rights of the Indenture Trustee	 	31
	 	 	 	 
	SECTION 8.7.	No Petition	 	31
	 	 	 	 
	SECTION 8.8.	Notes to be Treated as Debt for Tax	 	31
	 	 	 	 
	SECTION 8.9.	Notice Address for Rating Agencies	 	31
	 	 	 	 
	EXHIBIT A-1	FORM OF CLASS A NOTE	 	 
	EXHIBIT A-2	FORM OF CLASS B NOTE	 	 
	EXHIBIT A-3	FORM OF CLASS C NOTE	 	 
	EXHIBIT B	FORM OF MONTHLY SERVICER’S CERTIFICATE	 	 

  

    	 	-ii-	2014-1 Indenture Supplement

    	 

    

 

This SERIES 2014-1
INDENTURE SUPPLEMENT, dated as of July 22, 2014 (this “Indenture Supplement”), is between GE DEALER FLOORPLAN
MASTER NOTE TRUST, a Delaware statutory trust (herein, the “Issuer” or the “Trust”), and
DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, not in its individual capacity, but solely as indenture trustee
(herein, together with its successors thereunder as provided in the Indenture referred to below, the “Indenture Trustee”)
under the Amended and Restated Master Indenture, dated as of July 11, 2014 (as amended or supplemented, the “Indenture”),
between the Issuer and the Indenture Trustee (as successor in interest to Wilmington Trust Company).

 

The Principal Terms
of Series 2014-1 are set forth in this Indenture Supplement.

 

ARTICLE
I

DEFINITIONS

 

SECTION 1.1. Definitions.

 

(a)          Capitalized
terms used and not otherwise defined herein are used as defined in Section 1.1 of the Indenture. This Indenture Supplement
shall be interpreted in accordance with the conventions set forth in Section 1.2 of the Indenture.

 

(b)          Each
capitalized term defined herein relates only to Series 2014-1 and to no other Series. Whenever used in this Indenture Supplement,
the following words and phrases shall have the following meanings:

 

“Accumulation
Shortfall” means (a) for the first Transfer Date during the Controlled Accumulation Period, zero; and (b) thereafter,
for any Transfer Date during the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for the previous
Payment Date over the amount deposited into the Principal Account pursuant to Section 4.4(c)(i) for the previous Transfer
Date.

 

“Addition
Date” is defined in the First Tier Agreement.

 

“Administration
Agreement” means the Administration Agreement, dated as of August 12, 2004, among the Administrator, the Trustee
and the Issuer.

 

“Administrator”
means General Electric Capital Corporation, in its capacity as Administrator under the Administration Agreement or any other Person
designated as an Administrator under the Administration Agreement.

 

“Allocation
Percentage” means, with respect to any Monthly Period, the percentage equivalent of a fraction (which shall not exceed
one hundred percent (100%)):

  

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(a)  the
numerator of which shall be equal to:

 

(i)  for Non-Principal
Collections and the Default Amount at all times and for Principal Collections during the Revolving Period, the Collateral Amount
at the end of the last day of the prior Monthly Period or, in the case of the Monthly Period during which the Closing Date occurs,
the Closing Date; and

 

(ii) for Principal
Collections during the Controlled Accumulation Period and the Early Amortization Period, the Collateral Amount at the end of the
last day of the Revolving Period; provided that on and after the date on which an amount equal to the Note Principal Balance
and the Principal Overcollateralization Amount has been deposited into the Principal Account, the numerator for Principal Collections
shall equal zero; and

 

(b)  the
denominator of which shall be the greater of (i) the result of (x) the Aggregate Principal Receivables as of the opening of
business on the first day of the Monthly Period for which the Allocation Percentage is being determined minus (y) the sum
of the aggregate amount of each Dealer Overconcentration, Manufacturer Overconcentration and Product Line Overconcentration as
determined on the Determination Date falling in the Monthly Period for which the Allocation Percentage is being determined, and
(ii) the sum of the numerators used to calculate the allocation percentages for allocations with respect to Non-Principal Collections,
Principal Collections or the Default Amount, as applicable, for all outstanding Series on the day for which the Allocation Percentage
is being determined. For purposes of subclause (ii) of this clause (b), the Collateral Amount for the Series 2014-1 Notes shall
be included in the calculation beginning on the Closing Date.

 

“Available
Non-Principal Collections” means, for any Transfer Date, an amount equal to the sum of (a) the Investor Non-Principal
Collections for the preceding Monthly Period, (b) the Series 2014-1 Excess Non-Principal Collections for such Monthly Period and
(c) Investment Earnings.

 

“Available
Principal Collections” means, for any Transfer Date, an amount equal to (a) the Investor Principal Collections
for the preceding Monthly Period, minus (b) the amount of Reallocated Principal Collections with respect to such Transfer
Date which pursuant to Section 4.7 are required to be applied on the related Payment Date, plus (c) without
duplication, the sum of (i) any Shared Principal Collections with respect to other Principal Sharing Series (including any amounts
on deposit in the Excess Funding Account that are allocated to Series 2014-1 for application as Shared Principal Collections),
(ii) the aggregate amount to be treated as Available Principal Collections pursuant to Sections 4.4(a)(vi) and (vii),
(iii) during the Controlled Accumulation Period or an Early Amortization Period, the amount of Available Non-Principal Collections
used to make a deposit in the Principal Account or to pay principal on the Series 2014-1 Notes pursuant to Sections 4.4(a)(x)
and (xii) for the related Payment Date, and (iv) any distribution of amounts on deposit in the Reserve Account on the
Series 2014-1 Final Maturity Date pursuant to Section 4.10.

 

“Available
Reserve Account Amount” means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the
Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from,
the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on
such Transfer Date.

 

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“Benefit Plan”
means (i) an “employee benefit plan” as defined in Section 3(3) of ERISA, that is subject to Title I of ERISA, (ii)
a “plan” as defined in Section 4975(e)(1) of the Code that is subject to Section 4975 of the Code or (iii) an entity
whose underlying assets include plan assets by reason of investment by an employee benefit plan or plan in such entity.

 

“Class A Monthly
Interest” is defined in Section 4.1(a).

 

“Class A Note
Initial Principal Balance” means $675,000,000.

 

“Class A Note
Interest Rate” means a per annum rate of 0.38% in excess of LIBOR as determined on the LIBOR Determination Date for the
applicable Interest Period.

 

“Class A Note
Principal Balance” means, on any date of determination, an amount equal to (a) the Class A Note Initial Principal Balance,
minus (b) the aggregate amount of principal payments made to the Class A Noteholders on or prior to such date.

 

“Class A Noteholder”
means the Person in whose name a Class A Note is registered in the Note Register.

 

“Class A Notes”
means any one of the Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in
the form of Exhibit A-1.

 

“Class A Required
Amount” means, for any Payment Date, an amount equal to the excess of the sum of the amounts described in Sections
4.4(a)(i), (ii) and (iii) over Available Non-Principal Collections applied to pay such amount pursuant to Section
4.4(a).

 

“Class B Monthly
Interest” is defined in Section 4.1(b).

 

“Class B Note
Initial Principal Balance” means $14,210,526.

 

“Class B Note
Interest Rate” means a per annum rate of 0.65% in excess of LIBOR as determined on the LIBOR Determination Date for the
applicable Interest Period.

 

“Class B Note
Principal Balance” means, on any date of determination, an amount equal to (a) the Class B Note Initial Principal Balance,
minus (b) the aggregate amount of principal payments made to the Class B Noteholders on or prior to such date.

 

“Class B Note
Transfer” is defined in Section 2.2(b).

 

“Class B Noteholder”
means the Person in whose name a Class B Note is registered in the Note Register.

 

“Class B Notes”
means any one of the Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in
the form of Exhibit A-2.

 

“Class B Required
Amount” means, for any Payment Date, an amount equal to the excess of the amount described in Section 4.4(a)(iv)
over Available Non-Principal Collections applied to pay such amount pursuant to Section 4.4(a).

  

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“Class C Monthly
Interest” is defined in Section 4.1(c).

 

“Class C Note
Initial Principal Balance” means $21,315,789.

 

“Class C Note
Interest Rate” means a per annum rate of 1.15% in excess of LIBOR as determined on the LIBOR Determination Date for the
applicable Interest Period.

 

“Class C Note
Principal Balance” means, on any date of determination, an amount equal to (a) the Class C Note Initial Principal Balance,
minus (b) the aggregate amount of principal payments made to the Class C Noteholders on or prior to such date.

 

“Class C Note
Transfer” is defined in Section 2.2(b).

 

“Class C Noteholder”
means the Person in whose name a Class C Note is registered in the Note Register.

 

“Class C Notes”
means any one of the Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in
the form of Exhibit A-3.

 

“Class C Required
Amount” means with respect to any Payment Date, an amount equal to the excess of the amount described in Section 4.4(a)(v)
over Available Non-Principal Collections applied to pay such amount pursuant to Section 4.4(a).

 

“Closing Date”
means July 22, 2014.

 

“Code”
means the Internal Revenue Code of 1986, as amended.

 

“Collateral
Amount” means, as of any date of determination, an amount equal to the excess, if any, of (a) the Note Principal Balance
on such date plus the Principal Overcollateralization Amount on such date, over (b) the excess, if any, of (i) the
aggregate amount of Investor Charge-Offs and Reallocated Principal Collections over (ii) the reimbursements of such
Investor Charge-Offs and Reallocated Principal Collections pursuant to Section 4.4(a)(vii) prior to such date of determination.
For avoidance of doubt, the Collateral Amount cannot be less than zero.

 

“Controlled
Accumulation Amount” for each Transfer Date with respect to the Controlled Accumulation Period will be equal to (i) the
sum of the Note Principal Balance and the Principal Overcollateralization Amount as of the last day of the Revolving Period divided
by (ii) the Controlled Accumulation Period Length; provided that the Controlled Accumulation Amount for any Payment
Date shall not exceed the sum of the Note Principal Balance and the Principal Overcollateralization Amount, minus any amount already
on deposit in the Principal Account on such Transfer Date.

 

“Controlled
Accumulation Date” means June 1, 2017, subject to adjustment pursuant to Section 4.12.

 

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“Controlled
Accumulation Period” means, unless an Early Amortization Event shall have occurred prior thereto, the period commencing
at the opening of business on the Controlled Accumulation Date and ending on the earliest to occur of (a) the commencement of
the Early Amortization Period, (b) the Series Maturity Date, and (c) the date on which the Note Principal Balance and the Principal
Overcollateralization Amount have been paid in full.

 

“Controlled
Accumulation Period Length” is defined in Section 4.12.

 

“Controlled
Deposit Amount” means, for any Transfer Date with respect to the Controlled Accumulation Period, an amount equal to the
sum of the Controlled Accumulation Amount for such Payment Date and any existing Accumulation Shortfall.

 

“Default Rate”
means, for any Monthly Period, the product of (a) a fraction (expressed as a percentage), (i) the numerator of which is (x) the
Default Amount for such Monthly Period (calculated as of the end of the last day of such Monthly Period), minus (y) the portion
of the Default Amount allocated to the Transferor pursuant to Sections 8.4(d), (e) and (f) of the Master Indenture
and (ii) the denominator of which is (x) the Combined Outstanding Principal Balances as of the beginning of such Monthly Period,
minus (y) the sum of the aggregate amount of each Dealer Overconcentration, Manufacturer Overconcentration and Product Line Overconcentration
as determined on the Determination Date falling in such Monthly Period times (b) 12.

 

“Designated
Maturity” means, for any LIBOR Determination Date, one month.

 

“Distribution
Account” means the account designated as such, established and owned by the Issuer and maintained in accordance with
Section 4.2.

 

“Early Amortization
Period” means the period commencing on the date on which a Trust Early Amortization Event or a Series 2014-1 Early Amortization
Event is deemed to occur and ending on the Series Maturity Date. Notwithstanding anything to the contrary in this Indenture Supplement,
an Early Amortization Period that commences before the Controlled Accumulation Date may terminate, and the Revolving Period may
recommence, if the Rating Agency Condition is satisfied.

 

“Expected
Principal Payment Date” means the Payment Date in July 2017.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended.

 

“Group One”
means Series 2014-1 and each other outstanding Series specified in the related Indenture Supplement to be included in Group One.

 

“Indenture”
is defined in the preamble.

 

“Indenture
Trustee” is defined in the preamble.

 

“Ineligible
Receivables” means Receivables that are not Eligible Receivables (as such term is defined in the First Tier Agreement).

  

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“Initial Collateral
Amount” means the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance,
(iii) the Class C Note Initial Principal Balance and (iv) the Principal Overcollateralization Amount on the Closing Date.

 

“Interest
Period” means, for any Payment Date, the period from and including the Payment Date immediately preceding such Payment
Date (or, in the case of the first Payment Date, from and including the Closing Date) to but excluding such Payment Date.

 

“Investment
Earnings” means, for any Payment Date, all interest and earnings on Permitted Investments included in the Series Accounts
(net of losses and investment expenses) during the period commencing on and including the Payment Date immediately preceding such
Payment Date and ending on but excluding such Payment Date.

 

“Investor
Charge-Offs” is defined in Section 4.6.

 

“Investor
Default Amount” means for any date of determination with respect to the prior Monthly Period, the product of (a) the
Default Amount for such Monthly Period, after giving effect to any allocation of a portion of such Default Amount to the Transferor
pursuant to Section 8.4 of the Indenture, and (b) the Allocation Percentage with respect to such Monthly Period.

 

“Investor
Non-Principal Collections” means, for any Monthly Period, an amount equal to the aggregate amount of Non-Principal Collections
retained or deposited in the Non-Principal Account for Series 2014-1 pursuant to Section 4.3(b)(i) for such Monthly Period.

 

“Investor
Principal Collections” means, for any Monthly Period, an amount equal to the aggregate amount of Principal Collections
retained or deposited in the Principal Account for Series 2014-1 pursuant to Section 4.3(b)(ii) for such Monthly Period.

 

“Issuer”
is defined in the preamble.

 

“LIBOR”
means, for any Interest Period, the London interbank offered rate for the Designated Maturity for United States dollar deposits
determined by the Indenture Trustee for each Interest Period in accordance with the provisions of Section 4.13.

 

“LIBOR Determination
Date” means (i) with respect to the first Interest Period, July 18, 2014, and (ii) with respect to any Interest Period
thereafter, the second London Business Day prior to the commencement of such Interest Period.

 

“London Business
Day” means any day on which dealings in deposits in United States dollars are transacted in the London interbank market.

 

“Minimum
Free Equity Percentage” means, as of any Determination Date, zero percent (0%).

 

“Monthly Interest”
means, for any Payment Date, the sum of the Class A Monthly Interest, the Class B Monthly Interest and the Class C Monthly Interest
for such Payment Date.

 

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“Monthly Payment
Rate” means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is (x) the Principal
Collections during such Monthly Period, minus (y) the portion of such Principal Collections allocated to the Transferor pursuant
to Sections 8.4(d), (e) and (f) of the Master Indenture, and (b) the denominator of which is (x) the Combined
Outstanding Principal Balances as of the beginning of such Monthly Period, minus (y) the sum of the aggregate amount of each Dealer
Overconcentration, Manufacturer Overconcentration and Product Line Overconcentration determined on the Determination Date falling
in such Monthly Period.

 

“Monthly Period”
means, as to each Payment Date, the preceding calendar month.

 

“Monthly Principal”
is defined in Section 4.1(d).

 

“Monthly Principal
Reallocation Amount” means, for any Transfer Date, an amount equal to the sum of:

 

(A) the lesser of (i)
the excess, if any, of (x) the amount needed to make the payments described in Sections 4.4(a)(i) through (iii) over
(y) the amount of Non-Principal Collections and amounts withdrawn from the Reserve Account that are available to cover the payments
described in Sections 4.4(a)(i) through (iii), and (ii) the excess, if any, of (x) the sum of the Class A Note Initial
Principal Balance, the Class B Note Initial Principal Balance, the Class C Note Initial Principal Balance and the Principal Overcollateralization
Amount over (y) the sum of (I) the amount of unreimbursed Investor Charge-Offs after giving effect to Investor Charge-Offs
for the related Monthly Period, and (II) the amount of unreimbursed Reallocated Principal Collections as of the previous Payment
Date;

 

(B) the lesser of (i)
the excess, if any, of (x) the amount needed to make the payment described in Section 4.4(a)(iv) over (y) the amount
of Non-Principal Collections and amounts withdrawn from the Reserve Account that are available to cover the payment described in
Section 4.4(a)(iv) and (ii) the excess, if any, of (x) the sum of the Class B Note Initial Principal Balance, the Class
C Note Initial Principal Balance and the Principal Overcollateralization Amount over (y) the sum of (I) the amount of unreimbursed
Investor Charge-Offs after giving effect to Investor Charge-Offs for the related Monthly Period, and (II) the amount of unreimbursed
Reallocated Principal Collections as of the previous Payment Date and after giving effect to the reallocation of Principal Collections
to make the payments described in Sections 4.4(a)(i) through (iii) in respect of the then-current Payment Date;
and

 

(C) the lesser of (i)
the excess, if any, of (x) the amount needed to make the payments described in Section 4.4(a)(v) over (y) the amount
of Non-Principal Collections and amounts withdrawn from the Reserve Account that are available to cover the payment described in
Section 4.4(a)(v) and (ii) the excess, if any, of (x) the sum of the Class C Note Initial Principal Balance and the Principal
Overcollateralization Amount over (y) the sum of (I) the amount of unreimbursed Investor Charge-Offs after giving effect
to Investor Charge-Offs for the related Monthly Period, and (II) the amount of unreimbursed Reallocated Principal Collections as
of the previous Payment Date and after giving effect to the reallocation of Principal Collections to make the payments described
in Sections 4.4(a)(i) through (iv) in respect of the then-current Payment Date.

 

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“Non-Principal
Account” means the account designated as such, established and owned by the Issuer and maintained in accordance with
Section 4.2.

 

“Non-Principal
Shortfall” is defined in Section 4.8.

 

“Note Principal
Balance” means, on any date of determination, an amount equal to the sum of the Class A Note Principal Balance, the Class
B Note Principal Balance and the Class C Note Principal Balance.

 

“Noteholder
Servicing Fee” means, for any Transfer Date, an amount equal to one-twelfth of the product of (a) the Series Servicing
Fee Percentage and (b) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date; provided,
that with respect to the Transfer Date relating to the first Payment Date, the Noteholder Servicing Fee shall be calculated based
on the Collateral Amount as of the Closing Date and shall be an amount equal to the product of (a) the product of (I) the Series
Servicing Fee Percentage and (II) the Collateral Amount as of the Closing Date and (b) the number of days from and including the
Closing Date to and including the last day of the month ending prior to such Payment Date divided by 360.

 

“Payment Date”
means the twentieth (20th) day of each calendar month, or if such twentieth (20th) day is not a Business
Day, the next succeeding Business Day; provided, that the first Payment Date for Series 2014-1 shall be August 20, 2014.

 

“Principal
Account” means the account designated as such, established and owned by the Issuer and maintained in accordance
with Section 4.2.

 

“Principal
Overcollateralization Amount” means, on any date of determination, an amount equal to (a) $35,526,316 minus (b)
the aggregate amount of Principal Collections released to the Issuer in reduction of the Principal Overcollateralization Amount
pursuant to Sections 4.4(c)(ii), 4.4(e) and Section 7.1(d)(viii).

 

“Principal
Shortfall” is defined in Section 4.9.

 

“Rating Agency”
means, as of any date and with respect to any Class of the Series 2014-1 Notes, the nationally recognized statistical rating
organizations that have been requested by the Transferor to provide ratings of such class and that are rating the Series 2014-1
Notes on such date.

 

“Rating Agency
Condition” means, with respect to Series 2014-1 and any action, that each Rating Agency shall have been given 10 days’
prior written notice (or, if 10 days’ advance notice is impracticable, as much advance notice as is practicable) delivered
to each applicable rating agency as provided in Section 8.9.

 

“Reallocated
Principal Collections” is defined in Section 4.7.

 

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“Reassignment
Amount” means, for any Transfer Date, after giving effect to any deposits and payments otherwise to be made on the related
Payment Date, the sum of (i) the Note Principal Balance on such Payment Date, plus (ii) Monthly Interest for such Payment
Date and any Monthly Interest previously due but not distributed to the Series 2014-1 Noteholders, plus (iii) the Principal
Overcollateralization Amount and all required yield payments on the Principal Overcollateralization Amount, plus (iv) without
duplication, the other amounts specified in Section 7.1(d).

 

“Record Date”
means, for purposes of Series 2014-1 with respect to any Payment Date, the date falling five (5) Business Days prior to such date.

 

“Reference
Banks” means four major banks in the London interbank market selected by the Master Servicer.

 

“Required
Reserve Account Amount” means $17,763,158, which is an amount equal to (a) the product of (i) the Required
Reserve Account Percentage for such Transfer Date and (ii) the Note Principal Balance as of the Closing Date (rounded
up to the nearest dollar); provided that, prior to the occurrence of an Event of Default and the acceleration of the
Series 2014-1 Notes, the Required Reserve Account Amount will never exceed the Note Principal Balance (after taking into
account any payments to be made on the following Payment Date), or (b) any other amount designated by the Transferor;
provided that if such designation is of a lesser amount, the Transferor shall (i) provide the Indenture Trustee with evidence
that the Rating Agency Condition shall have been satisfied and (ii) deliver to the Indenture Trustee a certificate of an
Authorized Officer to the effect that, based on the facts known to such officer at such time, in the reasonable belief of the
Transferor, such designation will not cause an Early Amortization Event to occur with respect to Series 2014-1.

 

“Required
Reserve Account Percentage” means two and one-half percent (2.5%).

 

“Reserve
Account” means the account designated as such, established and owned by the Issuer and maintained in accordance
with Section 4.2.

 

“Reserve Account
Deficiency” means the excess, if any, of the Required Reserve Account Amount over the Available Reserve Account
Amount.

 

“Revolving
Period” means the period beginning on the Closing Date and ending at the close of business on the day immediately preceding
the earlier of the day the Controlled Accumulation Period commences or the day the Early Amortization Period commences.

 

“Series 2014-1”
means the Series the terms of which are specified in this Indenture Supplement.

 

“Series 2014-1
Early Amortization Event” is defined in Section 6.1. The Series 2014-1 Early Amortization Events are, with
respect to Series 2014-1, the Early Amortization Events contemplated by clause (a) of the definition of Early Amortization Event
in the Indenture.

 

“Series 2014-1
Excess Non-Principal Collections” means Excess Non-Principal Collections allocated from other Series in Group One to
Series 2014-1 pursuant to Section 8.6 of the Indenture.

 

“Series 2014-1
Final Maturity Date” means the Payment Date in July 2019.

 

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“Series 2014-1
Note” means any one of the Class A Notes, Class B Notes or Class C Notes executed by the Issuer and authenticated by
or on behalf of the Indenture Trustee, substantially in the form of Exhibit A-1, A-2 or A-3, respectively.

 

“Series 2014-1
Noteholder” means the Person in whose name a Series 2014-1 Note is registered in the Note Register.

 

“Series Accounts”
is defined in Section 4.2.

 

“Series Allocation
Percentage” means, with respect to any Transfer Date, the percentage equivalent of a fraction, the numerator of which
is the numerator used in determining the Allocation Percentage for Non-Principal Collections for the preceding Monthly Period and
the denominator of which is the sum of the numerators used in determining the Allocation Percentage for Non-Principal Collections
for all outstanding Series for the preceding Monthly Period (or, if for any Series for which there are two or more such numerators,
the daily average of the numerators applicable during the preceding Monthly Period).

 

“Series Maturity
Date” means the earliest to occur of (a) the date on which the Note Principal Balance is paid in full and the Principal
Overcollateralization Amount has been paid in full, (b) the date on which the Collateral Amount is reduced to zero and (c) the
Series 2014-1 Final Maturity Date.

 

“Series Servicing
Fee Percentage” means two percent (2%) per annum.

 

“Servicer
Advance” is defined in the Servicing Agreement.

 

“Similar Law”
means any applicable law that is substantially similar to the fiduciary responsibility or prohibited transaction provisions of
ERISA or Section 4975 of the Code.

 

“Target Amount”
is defined in Section 4.3(b)(i).

 

“Trust” is defined in
the preamble.

 

SECTION 1.2. Incorporation
of Terms. The terms of the Indenture are incorporated in this Indenture Supplement as if set forth in full herein. As supplemented
by this Indenture Supplement, the Indenture is in all respects ratified and confirmed and both together shall be read, taken and
construed as one and the same agreement. If the terms of this Indenture Supplement and the terms of the Indenture conflict, the
terms of this Indenture Supplement shall control with respect to Series 2014-1.

 

ARTICLE
II

Creation of the Series 2014-1 Notes

 

SECTION 2.1. Designation.

 

(a)          There
is hereby created and designated a Series of Notes to be issued pursuant to the Indenture and this Indenture Supplement to be known
as “GE Dealer Floorplan Master Note Trust, Series 2014-1” or the “Series 2014-1 Notes.” The
Series 2014-1 Notes shall be issued in three Classes, known as the “Class A Series 2014-1 Asset Backed Notes”,
the “Class B Series 2014-1 Asset Backed Notes” and the “Class C Series 2014-1 Asset Backed Notes.”

 

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(b)          Series
2014-1 shall be included in Group One and shall be a Principal Sharing Series. Series 2014-1 shall be an Excess Allocation Series
with respect to Group One only. Series 2014-1 shall not be subordinated to any other Series.

 

(c)          The
Class A Notes shall be issuable only in minimum denominations of at least one thousand dollars ($1,000) and in integral multiples
of one thousand dollars ($1,000). The Class B Notes and Class C Notes shall be issuable only in minimum denominations of at least
one thousand dollars ($1,000) and in greater whole number denominations.

 

SECTION 2.2. Transfer
Restrictions.

 

(a)          Neither
the Class B Notes nor the Class C Notes have been registered under the Securities Act or any state securities law. None of the
Issuer, the Note Registrar or the Indenture Trustee is obligated to register the Class B Notes or the Class C Notes under the Securities
Act or any other securities or “blue sky” laws or to take any other action not otherwise required under this Indenture
Supplement or the Trust Agreement to permit the transfer of any Class B Note or Class C Note without registration.

 

(b)          Until
such time as any such Class of Notes has been registered under the Securities Act and any applicable state securities law, the
Class B Notes and the Class C Notes may not be sold, transferred, assigned, participated, pledged or otherwise disposed of (any
such act, a “Class B Note Transfer” and a “Class C Note Transfer”, respectively) to any Person
except in accordance with the provisions of this Section 2.2, and any attempted Class B Note Transfer or Class C Note Transfer
in violation of this Section 2.2 will be null and void.

 

(c)          Each
Class B Note and Class C Note will bear a legend to the effect of the following unless determined otherwise by the Administrator
(as certified to the Indenture Trustee in an Officer’s Certificate) consistent with applicable law:

 

THIS NOTE
HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY,
MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT AS SET FORTH IN THE NEXT SENTENCE. BY ITS ACQUISITION HEREOF
OR OF A BENEFICIAL INTEREST HEREIN, THE HOLDER OF THIS NOTE:

 

(1)          AGREES
FOR THE BENEFIT OF THE ISSUER AND THE TRANSFEROR THAT THIS NOTE MAY BE SOLD, TRANSFERRED, ASSIGNED, PARTICIPATED, PLEDGED OR OTHERWISE
DISPOSED OF ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS, AND ONLY (I) PURSUANT TO RULE 144A UNDER THE
SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER,
WITHIN THE MEANING OF RULE l44A (A “QIB”), PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB, WHOM
THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A,
OR (II) TO THE TRANSFEROR OR ITS AFFILIATES, IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE UNITED STATES;
AND

 

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(2)          AGREES
THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS NOTE OR AN INTEREST HEREIN IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT
OF THIS LEGEND.

 

(d)          By
acceptance of any Class B Note or Class C Note, the Class B Noteholder and the C Noteholder, respectively, specifically agrees
with and represents to the Transferor, the Issuer and the Note Registrar, that no Class B Note Transfer or Class C Note Transfer,
as applicable, will be made unless (i) the registration requirements of the Securities Act and any applicable state securities
laws have been complied with, (ii) such Class B Note Transfer or Class C Note Transfer, as applicable, is to the Transferor or
its Affiliates, or (iii) such Class B Note Transfer or Class C Note Transfer, as applicable, is exempt from the registration requirements
under the Securities Act because such Class C Note Transfer is in compliance with Rule 144A under the Securities Act, to a transferee
who the transferor reasonably believes is a “Qualified Institutional Buyer” (as defined in the Securities Act)
that is purchasing for its own account or for the account of a Qualified Institutional Buyer and to whom notice is given that such
Class B Note Transfer or Class C Note Transfer, as applicable, is being made in reliance upon Rule 144A under the Securities Act.

 

(e)          The
Transferor will make available to the prospective transferor and transferee of a Class B Note or Class C Note information requested
to satisfy the requirements of paragraph (d)(4) of Rule 144A.

 

(f)          Each
Class A Note, Class B Note and Class C Note will bear a legend to the effect of the following unless determined otherwise by the
Administrator (as certified to the Indenture Trustee in an Officer’s Certificate) consistent with applicable law:

 

THE HOLDER
OF THIS NOTE BY ITS ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST THEREIN, SHALL BE DEEMED TO REPRESENT AND
WARRANT THAT EITHER (I) SUCH HOLDER IS NOT (AND FOR SO LONG AS IT HOLDS SUCH NOTE WILL NOT BE), IS NOT ACTING ON BEHALF OF (AND
FOR SO LONG AS IT HOLDS SUCH NOTE WILL NOT BE ACTING ON BEHALF OF), AND IS NOT INVESTING THE ASSETS OF (A) AN “EMPLOYEE BENEFIT
PLAN” (AS DEFINED IN SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”))
THAT IS SUBJECT TO TITLE I OF ERISA, (B) A “PLAN” (AS DEFINED IN SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE
OF 1986, AS AMENDED (THE “CODE”)) THAT IS SUBJECT TO SECTION 4975 OF THE CODE, (C) AN ENTITY WHOSE UNDERLYING ASSETS
INCLUDE PLAN ASSETS BY REASON OF INVESTMENT BY AN EMPLOYEE BENEFIT PLAN OR PLAN IN SUCH ENTITY (EACH, A “BENEFIT PLAN”)
OR (D) A GOVERNMENTAL PLAN, CHURCH PLAN OR NON-U.S. PLAN THAT IS SUBJECT TO ANY APPLICABLE LAW THAT IS SUBSTANTIALLY SIMILAR TO
THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”)
OR (II) ITS ACQUISITION, CONTINUED HOLDING AND DISPOSITION OF THIS NOTE WILL NOT RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION
UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A VIOLATION OF ANY SIMILAR LAW.

 

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ARTICLE
III

REPRESENTATIONS, WARRANTIES and Covenants

 

SECTION 3.1. Representations,
Warranties and Covenants with respect to ERISA. By acquiring a Series 2014-1 Note, each purchaser and transferee shall be
deemed to represent and warrant that either (i) it is not, and for so long as it holds such Series 2014-1 Note will not be, is
not acting on behalf of, and for so long as it holds such Series 2014-1 Note will not be acting on behalf of, and is not investing
the assets of, a Benefit Plan or a governmental plan, church plan or non-U.S. plan that is subject to Similar Law or (ii) its
acquisition, continued holding and disposition of such Series 2014-1 Note will not result in a non-exempt prohibited transaction
under Section 406 of ERISA or Section 4975 of the Code or a violation of any Similar Law.

 

ARTICLE
IV

Rights of Series 2014-1 Noteholders and Allocation and 

Application of Collections

 

SECTION 4.1. Determination
of Interest and Principal.

 

(a)          The
amount of monthly interest (“Class A Monthly Interest”) due and payable with respect to the Class A Notes on
any Payment Date shall be an amount equal to the product of (i) a fraction, the numerator of which is the actual number of days
in the related Interest Period and the denominator of which is three hundred sixty (360), (ii) the Class A Note Interest Rate in
effect with respect to the related Interest Period and (iii) the Class A Note Principal Balance as of the close of business on
the last day of the preceding Monthly Period (or, with respect to the initial Payment Date, the Class A Note Initial Principal
Balance).

 

(b)          The
amount of monthly interest (“Class B Monthly Interest”) due and payable with respect to the Class B Notes on
any Payment Date shall be an amount equal to the product of (i) a fraction, the numerator of which is the actual number of days
in the related Interest Period and the denominator of which is three hundred sixty (360), (ii) the Class B Note Interest Rate in
effect with respect to the related Interest Period and (iii) the Class B Note Principal Balance as of the close of business on
the last day of the preceding Monthly Period (or, with respect to the initial Payment Date, the Class B Note Initial Principal
Balance).

 

(c)          The
amount of monthly interest (“Class C Monthly Interest”) due and payable with respect to the Class C Notes on
any Payment Date shall be an amount equal to the product of (i) a fraction, the numerator of which is the actual number of days
in the related Interest Period and the denominator of which is three hundred sixty (360), (ii) the Class C Note Interest Rate in
effect with respect to the related Interest Period and (iii) the Class C Note Principal Balance as of the close of business on
the last day of the preceding Monthly Period (or, with respect to the initial Payment Date, the Class C Note Initial Principal
Balance).

  

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(d)          The
amount of monthly principal (“Monthly Principal”) to be transferred from the Principal Account with respect
to the Series 2014-1 Notes on each Transfer Date, beginning with the Transfer Date following the Monthly Period in which the Controlled
Accumulation Period or the Early Amortization Period begins, shall be equal to the least of (i) the Available Principal Collections
for such Transfer Date; (ii) the sum of the Note Principal Balance and the Principal Overcollateralization Amount on such Transfer
Date (minus any amount already in the Principal Account on such Transfer Date); (iii) during the Controlled Accumulation Period,
the Controlled Deposit Amount; and (iv) the Collateral Amount.

 

SECTION 4.2. Establishment
of Accounts.

 

(a)          As
of the Closing Date, the Issuer covenants to have established and shall thereafter maintain the Non-Principal Account, the Principal
Account, the Distribution Account and the Reserve Account (collectively, the “Series Accounts”) each of which
shall be an Eligible Deposit Account.

 

(b)          If
the depositary institution wishes to resign as depositary of any of the Series Accounts for any reason or fails to carry out the
instructions of the Issuer for any reason, then the Issuer shall promptly notify the Indenture Trustee on behalf of the Series
2014-1 Noteholders.

 

(c)          On
or before the Closing Date, the Issuer shall enter into a depositary agreement to govern the Series Accounts pursuant to which
such accounts are continuously identified in the depositary institution’s books and records as subject to a security interest
in favor of the Indenture Trustee on behalf of the Series 2014-1 Noteholders, and, except as may be expressly provided herein to
the contrary, in order to perfect the security interest of the Indenture Trustee on behalf of the Series 2014-1 Noteholders under
the UCC, the Indenture Trustee on behalf of the Series 2014-1 Noteholders shall have the power to direct disposition of the funds
in the Series Accounts without further consent by the Issuer; provided, however, that prior to the delivery by the
Indenture Trustee on behalf of the Series 2014-1 Noteholders of notice otherwise, the Issuer shall have the right to direct the
disposition of funds in the Series Accounts; provided, further that the Indenture Trustee on behalf of the Series
2014-1 Noteholders agrees that it will not deliver such notice or exercise its power to direct disposition of the funds in the
Series Accounts unless an Event of Default has occurred and is continuing. Upon delivery of the foregoing notice by the Indenture
Trustee on behalf of the Series 2014-1 Noteholders, the depositary institution shall comply with the orders of the Indenture Trustee
on behalf of the Series 2014-1 Noteholders without further consent by the Issuer.

 

(d)          The
Issuer shall not close any of the Series Accounts unless it shall have (i) received the prior consent of the Indenture Trustee
on behalf of the Series 2014-1 Noteholders, (ii) established a new Eligible Deposit Account with the depositary institution holding
the Series Account being closed or with a new depositary institution satisfactory to the Indenture Trustee on behalf of the Series
2014-1 Noteholders, (iii) entered into a depositary agreement to govern such new account(s) with such new depositary institution
which agreement is satisfactory in all respects to the Indenture Trustee on behalf of the Noteholders (whereupon such new account(s)
shall become the applicable Series Account(s) for all purposes of this Indenture Supplement), and (iv) taken all such action as
the Indenture Trustee on behalf of the Series 2014-1 Noteholders shall reasonably require to grant and perfect a first priority
security interest in such account(s) in favor of the Indenture Trustee.

 

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SECTION 4.3. Calculations
and Series Allocations.

 

(a)          Allocations.
Non-Principal Collections, Principal Collections and Defaulted Receivables allocated to Series 2014-1 pursuant to Article VIII
of the Indenture shall be allocated and paid as set forth in this Article IV. During any period when the Issuer is
permitted by Section 8.4 of the Indenture to make a single monthly deposit to the Collection Account, amounts allocated
to the Series 2014-1 Noteholders pursuant to this Section 4.3 with respect to any Monthly Period need not be deposited
into the Collection Account, the Excess Funding Account, the Non-Principal Account, the Principal Account or any other Series
Account prior to the related Transfer Date. Notwithstanding anything to the contrary in Section 8.4 of the Indenture or
Section 4.3(b), amounts allocated to the Series 2014-1 Noteholders pursuant to Section 4.3(b) (x) may be deposited
net of any amounts required to be released to the Issuer or the holders of the Transferor Interest and, if an Originator or an
Affiliate of an Originator is the Master Servicer, any amounts owed to the Master Servicer, and (y) shall be deposited into the
Non-Principal Account (in the case of Non-Principal Collections) and the Principal Account (in the case of Principal Collections
(not including any Shared Principal Collections allocated to Series 2014-1 pursuant to Section 8.5 of the Indenture)),
and are not required to be deposited to the Collection Account prior to being deposited in the applicable Series Account or other
Trust Account in accordance with Section 4.3(b). For the avoidance of doubt, any amounts required to be released to
the Issuer, to the holders of the Transferor Interest or to the Master Servicer (if an Originator or an Affiliate of the Originator
is the Master Servicer) need not be deposited into the Collection Account or any Series Account. During any period when the Issuer
is not permitted by Section 8.4 of the Indenture to make a single monthly deposit to the Collection Account, to the extent
any data needed to make the allocations described in Section 4.3(b) is not available on any Date of Processing, the Issuer
shall use the corresponding data as most recently determined or other reasonable estimate of such data until the required data
is available (which shall be no later than the Determination Date in the following Monthly Period), and to the extent that the
allocations made using such estimates results in a deposit into any Series Accounts in a different amount than would be required
using the actual data for the related Date of Processing, the Issuer shall make such adjustments as necessary so that the amounts
allocated to the Series 2014-1 Noteholders are deposited into the appropriate Series Accounts in accordance with Section 4.3(b)
within two Business Days of determining that any shortfall in deposits has resulted from the related estimates, and in any
event not later than the Transfer Date following the related Monthly Period.

 

(b)          Allocations
to the Series 2014-1 Noteholders. The Issuer shall, on each Date of Processing on or after the Closing Date, after giving effect
to allocations in respect of Dealer Overconcentrations, Manufacturer Overconcentrations and Product Line Overconcentrations pursuant
to Section 8.4 of the Indenture, allocate to the Series 2014-1 Noteholders the following amounts as set forth below:

 

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(i)          Allocations
of Non-Principal Collections. The Issuer shall allocate to the Series 2014-1 Noteholders an amount equal to the product of
(A) the Allocation Percentage and (B) the aggregate Non-Principal Collections processed on such Date of Processing and shall deposit
such amount into the Non-Principal Account; provided, that, with respect to each Monthly Period falling in the Revolving
Period (and with respect to that portion of each Monthly Period in the Controlled Accumulation Period falling on or after the
day on which Principal Collections equal to the related Controlled Deposit Amount have been allocated pursuant to Section 4.3(b)(ii)
and deposited pursuant to Section 4.3(a)), Non-Principal Collections shall be transferred into the Non-Principal
Account only until such time as the aggregate amount so deposited equals the sum of the amounts contemplated to be paid or deposited
pursuant to Section 4.4(a) on the related Transfer Date or Payment Date (the “Target Amount”); and any
Non-Principal Collections allocated to the Series 2014-1 Noteholders but not deposited into the Non-Principal Account due to the
operation of this proviso shall be released to the holders of the Transferor Interest; provided, further, if on
any Transfer Date the Free Equity Amount (calculated on a pro forma basis after giving effect to any payment of principal on the
Notes to be made on the following Payment Date) is less than the Minimum Free Equity Amount after giving effect to all transfers
and deposits on that Transfer Date, the Issuer shall cause the holders of the Transferor Interest, on that Transfer Date, to deposit
into the Principal Account funds in an amount equal to the amounts of Available Non-Principal Collections that are required to
be treated as Available Principal Collections pursuant to Sections 4.4(a)(vi) and (vii) but are not available
from funds in the Non-Principal Account as a result of the operation of the preceding proviso.

 

With respect to any
Monthly Period when deposits of Non-Principal Collections into the Non-Principal Account are limited to deposits up to the Target
Amount in accordance with clause (i) above, notwithstanding such limitation: (1) “Reallocated Principal Collections”
for the related Transfer Date shall be calculated as if the full amount of Non-Principal Collections allocated to the Series 2014-1
Noteholders during that Monthly Period had been deposited in the Non-Principal Account and applied on such Transfer Date in accordance
with Section 4.4(a); and (2) Non-Principal Collections released to the holders of the Transferor Interest pursuant to clause (i)
above shall be deemed, for purposes of all calculations under this Indenture Supplement, to have been applied to the items specified
in Section 4.4(a) to which such amounts would have been applied (and in the priority in which they would have been applied)
had such amounts been available in the Non-Principal Account on such Transfer Date. To avoid doubt, the calculations referred to
in the preceding clause (2) include the calculations required by clause (b)(ii) of the definition of Collateral
Amount.

 

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(ii)         Allocations
of Principal Collections. The Issuer shall allocate to the Series 2014-1 Noteholders the following amounts as set forth
below:

 

(x)          Allocations
During the Revolving Period. During the Revolving Period an amount equal to the product of the Allocation Percentage and the
aggregate amount of Principal Collections processed on such Date of Processing, shall be allocated to the Series 2014-1 Noteholders
and first, an amount equal to the Reallocated Principal Collections for the related Transfer Date shall be made available
on that Transfer Date for application in accordance with Section 4.7, second, if any other Principal Sharing Series
is outstanding and in its accumulation period or amortization period, shall be deposited and retained in the Principal Account
for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment
Date, third, shall be deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount (calculated
on a pro forma basis after giving effect to any payment of principal on the Notes to be made on the following Payment Date) is
not less than the Minimum Free Equity Amount and the Note Trust Principal Balance is not less than the Required Principal Balance
(calculated on a pro forma basis after giving effect to any payment of principal on the Notes to occur on or prior to the following
Payment Date and any adjustment in the numerator used to calculate the Allocation Percentages with respect to any Series in connection
with a principal payment to be made on or prior to the following Payment Date), and fourth, any remaining amounts shall
be released to the holders of the Transferor Interest.

 

(y)          Allocations
During the Controlled Accumulation Period. During the Controlled Accumulation Period, an amount equal to the product of the
Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated
to the Series 2014-1 Noteholders and transferred to the Principal Account until applied as provided herein; provided,
that after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the
Principal Account, such amounts in excess thereof shall be first, if any other Principal Sharing Series is outstanding and
in its accumulation period or amortization period, deposited and retained in the Principal Account for application, to the extent
necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, second, deposited
in the Excess Funding Account to the extent necessary so that the Free Equity Amount (calculated on a pro forma basis after
giving effect to any payment of principal on the Notes to be made on the following Payment Date) is not less than the Minimum Free
Equity Amount and the Note Trust Principal Balance is not less than the Required Principal Balance (calculated on a pro forma basis
after giving effect to any payment of principal on the Notes to occur on or prior to the following Payment Date and any adjustment
in the numerator used to calculate the Allocation Percentages with respect to any Series in connection with a principal payment
to be made on or prior to the following Payment Date), and third, any remaining amounts shall be released to the holders
of the Transferor Interest.

  

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(z)          Allocations
During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation
Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series 2014-1
Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the date on
which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account such
amounts in excess thereof shall be first, if any other Principal Sharing Series is outstanding and in its accumulation period or
amortization period, deposited and retained in the Principal Account for application, to the extent necessary, as Shared Principal
Collections to other Principal Sharing Series on the related Payment Date, second, deposited in the Excess Funding Account to the
extent necessary so that the Free Equity Amount (calculated on a pro forma basis after giving effect to any payment of principal
on the Notes to be made on the following Payment Date) is not less than the Minimum Free Equity Amount and the Note Trust Principal
Balance is not less than the Required Principal Balance (calculated on a pro forma basis after giving effect to any payment of
principal on the Notes to occur on or prior to the following Payment Date and any adjustment in the numerator used to calculate
the Allocation Percentages with respect to any Series in connection with a principal payment to be made on or prior to the following
Payment Date), and third, any remaining amounts shall be released to the holders of the Transferor Interest.

 

SECTION 4.4. Application
of Available Non-Principal Collections and Available Principal Collections. On each Transfer Date or related Payment Date,
as applicable, the Issuer shall withdraw, to the extent of available funds, the amount required to be withdrawn from the Non-Principal
Account, the Principal Account and the Distribution Account as follows:

 

(a)          On
each Transfer Date, an amount equal to the Available Non-Principal Collections with respect to such Transfer Date will be paid
or deposited in the following priority:

 

(i)          on
a pari passu basis,

 

(A)  the result
of (1) the Series Allocation Percentage multiplied by (2) the accrued and unpaid fees and other amounts owed to the Indenture
Trustee shall be paid to the Indenture Trustee up to a maximum amount of twenty-five thousand dollars ($25,000) for each calendar
year,

 

(B)  the result
of (1) the Series Allocation Percentage multiplied by (2) the accrued and unpaid fees and other amounts (including any unpaid
amounts pursuant to Section 7.2 of the Trust Agreement) owed to the Trustee shall be paid to the Trustee up to a maximum
amount of twenty-five thousand dollars ($25,000) for each calendar year,

 

(C)  the result
of (1) the Series Allocation Percentage multiplied by (2) the accrued and unpaid fees and other amounts owed to the Administrator
shall be paid to the Administrator up to a maximum amount of twenty-five thousand dollars ($25,000) for each calendar year, and

 

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(D)  the result
of (1) the Series Allocation Percentage multiplied by (2) the accrued and unpaid fees and other amounts (including any unpaid
amounts pursuant to Section 15 of the Custody and Control Agreement) owed to the Custodian shall be paid to the Custodian up to
a maximum amount of twenty-five thousand dollars ($25,000) for each calendar year;

 

(ii)         an
amount equal to the Noteholder Servicing Fee for the prior Monthly Period and any overdue Noteholder Servicing Fee (to the extent
not previously paid), plus any unpaid Servicer Advances and accrued and unpaid interest thereon, shall be paid to the Master Servicer;

 

(iii)        an
amount equal to Class A Monthly Interest for such Payment Date, plus the amount of any Class A Monthly Interest previously
due but not paid to Class A Noteholders on a prior Payment Date, shall be deposited into the Distribution Account;

 

(iv)        an
amount equal to Class B Monthly Interest for such Payment Date, plus the amount of any Class B Monthly Interest previously
due but not paid to Class B Noteholders on a prior Payment Date, shall be deposited into the Distribution Account;

 

(v)         an
amount equal to Class C Monthly Interest for such Payment Date, plus the amount of any Class C Monthly Interest previously
due but not paid to Class C Noteholders on a prior Payment Date, shall be deposited into the Distribution Account;

 

(vi)        an
amount equal to the Investor Default Amount for the prior Monthly Period shall be treated as Available Principal Collections;

 

(vii)       an
amount equal to the sum of the aggregate amount of Investor Charge-Offs and the amount of Reallocated Principal Collections which
have not been previously reimbursed shall be treated as Available Principal Collections;

 

(viii)      to
deposit into the Reserve Account, during the Revolving Period and the Controlled Accumulation Period, the amount, if any, required
to be deposited in the Reserve Account pursuant to Section 4.10(c);

 

(ix)         if
any amounts are owed to the Persons listed in clause (i) above and are not paid pursuant to clause (i), above, such
amounts owed to such Persons shall be paid on a pari passu basis to such Persons;

 

(x)          to
deposit into the Principal Account, during the Controlled Accumulation Period, any deficiency in the amount otherwise required
to be deposited into the Principal Account at that time;

 

(xi)         if
the Early Amortization Period has not occurred and is not continuing, the balance, if any, will, first, be released to the Issuer
to make required yield payments on the Principal Overcollateralization Amount and, second, the remaining balance will constitute
a portion of Excess Non-Principal Collections for such Payment Date and will be applied in accordance with Section 8.6 of
the Indenture; and

 

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(xii)        during
the Early Amortization Period, the remaining balance, if any, will be applied in the following order of priority: (A) to make principal
payments first, to the Class A Notes until the Class A Note Principal Balance is paid in full, second, to the Class B Notes until
the Class B Note Principal Balance is paid in full, and third, to the Class C Notes until the Class C Note Principal Balance is
paid in full, (B) to the Issuer to make required yield payments on the Principal Overcollateralization Amount and (C) the remaining
balance will constitute a portion of Excess Non-Principal Collections for such Payment Date and will be applied in accordance with
Section 8.6 of the Indenture.

 

On each Transfer Date,
to the extent that there is a shortfall (a “Transfer Date Shortfall”) in the amounts to be paid or deposited
pursuant to clauses (a)(i), (a)(iii), (a)(iv) and (a)(v) of this Section 4.4, the Indenture Trustee shall withdraw from
the Collection Account, from any Servicer Advance on deposit therein, an amount equal to the lesser of (i) the Transfer Date Shortfall
for such Transfer Date and (ii) the product of (x) such Servicer Advance and (y) the Allocation Percentage for Non-Principal Collections
for the previous Monthly Period, and apply such withdrawn amount to make the payments and deposits contemplated by such clauses
of this Section 4.4.

 

(b)          On
each Transfer Date with respect to the Revolving Period, an amount equal to the Available Principal Collections for such Transfer
Date shall be treated as Shared Principal Collections and applied in accordance with Section 8.5 of the Indenture.

 

(c)          On
each Transfer Date or related Payment Date, as applicable, with respect to the Controlled Accumulation Period or the Early Amortization
Period, an amount equal to the Available Principal Collections for such Transfer Date shall be paid or deposited in the following
order of priority:

 

(i)          during
the Controlled Accumulation Period, an amount equal to the Monthly Principal for each Transfer Date shall be deposited into the
Principal Account on such Transfer Date;

 

(ii)         during
the Early Amortization Period, an amount equal to the Monthly Principal for each Transfer Date shall be deposited into the Distribution
Account on such Transfer Date and on the related Payment Date shall be paid (A) first, to the Class A Noteholders on the related
Payment Date until the Class A Note Principal Balance has been paid in full; second, to the Class B Noteholders until the Class
B Note Principal Balance has been paid in full; and third, to the Class C Noteholders until the Class C Note Principal Balance
has been paid in full; and (B) after the Note Principal Balance shall have been paid in full, any remainder shall be released to
the Issuer in reduction of the Principal Overcollateralization Amount until the Principal Overcollateralization Amount has been
paid in full; and

 

(iii)        in
the case of each of the Controlled Accumulation Period and the Early Amortization Period, the balance of such Available Principal
Collections remaining after application in accordance with clauses (i) and (ii) above shall be treated as Shared
Principal Collections and applied in accordance with Section 8.5 of the Indenture.

 

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(d)          On
each Payment Date in accordance with Section 4.5, the Issuer shall pay first, to the Class A Noteholders from the Distribution
Account, the amount deposited into the Distribution Account pursuant to Section 4.4(a)(iii) on the preceding Transfer Date,
second, to the Class B Noteholders from the Distribution Account, the amount deposited into the Distribution Account pursuant to
Section 4.4(a)(iv) on the preceding Transfer Date, and third, to the Class C Noteholders from the Distribution Account,
the amount deposited into the Distribution Account pursuant to Section 4.4(a)(v) on the preceding Transfer Date, in each
case to the extent permitted by applicable law.

 

(e)          On
the earlier to occur of (i) the first Transfer Date during the Early Amortization Period and (ii) the Transfer Date immediately
preceding the Expected Principal Payment Date, the Issuer shall withdraw from the Principal Account and deposit into the Distribution
Account the amount deposited into the Principal Account pursuant to Section 4.4(c)(i) and on the related Payment Date shall
pay such amount first, to the Class A Noteholders, until the Class A Note Principal Balance is paid in full, second, to the Class
B Noteholders until the Class B Note Principal Balance is paid in full, third, to the Class C Noteholders until the Class C Note
Principal Balance is paid in full and, fourth, to the Issuer in reduction of the Principal Overcollateralization Amount.

 

SECTION 4.5. Payments.

 

(a)          On
each Payment Date, the Issuer shall pay to each Class A Noteholder of record on the related Record Date such Class A Noteholder’s
pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Payment
Date and as are payable to the Class A Noteholders pursuant to this Indenture Supplement.

 

(b)          On
each Payment Date, the Issuer shall pay to each Class B Noteholder of record on the related Record Date such Class B Noteholder’s
pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Payment Date and
as are payable to the Class B Noteholders pursuant to this Indenture Supplement.

 

(c)          On
each Payment Date, the Issuer shall pay to each Class C Noteholder of record on the related Record Date such Class C Noteholder’s
pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Payment
Date and as are payable to the Class C Noteholders pursuant to this Indenture Supplement.

 

(d)          The
payments to be made pursuant to this Section 4.5 are subject to the provisions of Section 7.1 of this Indenture Supplement.

 

(e)          All
payments to Noteholders hereunder shall be made by (i) check mailed to each Series 2014-1 Noteholder (at such Noteholder’s
address as it appears in the Note Register), except that for any Series 2014-1 Notes registered in the name of the nominee of a
Clearing Agency, such payment shall be made by wire transfer of immediately available funds, and (ii) except as provided in
Section 2.7(b) of the Indenture, without presentation or surrender of any Series 2014-1 Note or the making of any notation
thereon.

 

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SECTION 4.6. Investor
Charge-Offs. On each Determination Date, the Issuer shall calculate the Investor Default Amount for the preceding Monthly Period.
If, on any Transfer Date, the sum of the Investor Default Amount for the preceding Monthly Period exceeds the amount of Available
Non-Principal Collections allocated with respect thereto pursuant to Section 4.4(a)(vi) with respect to such Transfer Date
and the amount withdrawn from the Reserve Account on such Transfer Date and applied pursuant to Section 4.4(a)(vi), the
Collateral Amount will be reduced (but not below zero) by the amount of such excess (such reduction, an “Investor Charge-Off”).

 

SECTION 4.7. Reallocated
Principal Collections. On each Transfer Date, after giving effect to Section 4.10(a), the Issuer shall apply Investor
Principal Collections with respect to that Transfer Date to fund any deficiency pursuant to and in the priority set forth in Sections
4.4(a)(i) through (v) (any such Principal Collections so allocated, “Reallocated Principal Collections”);
provided, that for any Monthly Period, Reallocated Principal Collections may not exceed the Monthly Principal Reallocation
Amount for such Transfer Date. On each Transfer Date, the Collateral Amount shall be reduced by the amount of Reallocated Principal
Collections for such Transfer Date.

 

SECTION 4.8. Excess
Non-Principal Collections. Series 2014-1 shall be an Excess Allocation Series with respect to Group One only. Subject to Section 8.6
of the Indenture, Excess Non-Principal Collections with respect to the Excess Allocation Series in Group One for any Transfer Date
will be allocated to Series 2014-1 in an amount equal to the product of (x) the aggregate amount of Excess Non-Principal Collections
with respect to all the Excess Allocation Series in Group One for such Transfer Date and (y) a fraction, the numerator of which
is the Non-Principal Shortfall for Series 2014-1 for such Transfer Date and the denominator of which is the aggregate amount of
Non-Principal Shortfalls for all the Excess Allocation Series in Group One for such Transfer Date. The “Non-Principal
Shortfall” for Series 2014-1 for any Transfer Date will be equal to the excess, if any, of (a) the full amount required
to be deposited or paid, without duplication, pursuant to Sections 4.4(a)(i) through (viii) on such Transfer Date
or the related Payment Date over (b) the Available Non-Principal Collections with respect to such Transfer Date (excluding
any portion thereof attributable to Excess Non-Principal Collections).

 

SECTION 4.9. Shared
Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series
2014-1 on any Transfer Date will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect
to all Principal Sharing Series for such Transfer Date and (y) a fraction, the numerator of which is the Principal Shortfall for
Series 2014-1 for such Transfer Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series
which are Principal Sharing Series for such Transfer Date. The “Principal Shortfall” for Series 2014-1 will
be equal to (a) for any Transfer Date with respect to the Revolving Period or any Transfer Date during the Early Amortization Period
prior to the Transfer Date relating to the earlier of (i) the Expected Principal Payment Date and (ii) the date on which all outstanding
Series are in early amortization periods, zero, (b) for any Transfer Date with respect to the Controlled Accumulation Period,
the excess, if any, of (i) the Controlled Deposit Amount over (ii) the amount of Available Principal Collections for such
Transfer Date (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as
Available Principal Collections pursuant to clauses (vi) and (vii) of Section 4.4(a)) and (c) for any Transfer
Date relating to any Payment Date on or after the earlier of (i) the Expected Principal Payment Date and (ii) the date on which
all outstanding Series are in early amortization periods, the sum of the Note Principal Balance and the Principal Overcollateralization
Amount with respect to such Transfer Date.

 

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SECTION 4.10. Reserve
Account.

 

(a)          On
each Transfer Date, if the aggregate amount of Available Non-Principal Collections is less than the aggregate amount required to
be paid or deposited pursuant to clauses (i) through (vi) of Section 4.4(a), the Issuer shall withdraw
from the Reserve Account the amount of such deficiency up to the Available Reserve Account Amount and shall apply such amount in
accordance with such clauses of Section 4.4(a).

 

(b)          On
the Series 2014-1 Final Maturity Date, and on any day following the occurrence of an Event of Default with respect to Series 2014-1
that has resulted in the acceleration of the Series 2014-1 Notes, the Issuer shall withdraw from the Reserve Account the Available
Reserve Account Amount and deposit such amount in the Distribution Account for payment to the Series 2014-1 Noteholders to fund
any shortfalls in amounts owed to the Series 2014-1 Noteholders in the order of priority described in Section 4.4(a).

 

(c)          If
on any Transfer Date, after giving effect to all withdrawals from the Reserve Account, the Available Reserve Account Amount is
less than the Required Reserve Account Amount then in effect, Available Non-Principal Collections shall be deposited into the Reserve
Account pursuant to Section 4.4(a)(viii) up to the amount of the Reserve Account Deficiency.

 

(d)          If,
after giving effect to all withdrawals from and deposits to the Reserve Account on any Transfer Date, the amount on deposit in
the Reserve Account exceeds the Required Reserve Account Amount, an amount equal to such excess shall be withdrawn from the Reserve
Account and distributed to the Issuer on the related Payment Date. On the date on which the Reserve Account has been terminated,
after giving effect to any withdrawal on such date pursuant to Section 4.10(a) or Section 4.10(b) and making
any payments to the Series 2014-1 Noteholders required pursuant to this Indenture Supplement, all amounts then remaining in the
Reserve Account shall be released to the Issuer.

 

(e)          The
Reserve Account will terminate on the earliest to occur of (i) the date on which the Note Principal Balance has been paid in full
and all other amounts payable to the Series 2014-1 Noteholders have been paid in full; (ii) the Series 2014-1 Final Maturity Date;
and (iii) the termination of the Issuer.

 

(f)          On
the Closing Date, the Issuer or the Transferor will deposit or cause to be deposited in the Reserve Account an amount equal to
the Required Reserve Account Amount (determined after giving effect to the issuance of Series 2014-1 Notes on the Closing Date).

 

SECTION 4.11. Investment
of Amounts on Deposit in Series Accounts.

 

(a)          To
the extent there are uninvested amounts deposited in the Series Accounts, the Issuer shall cause such amounts to be invested in
Permitted Investments selected by the Issuer that mature no later than the following Transfer Date.

 

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(b)          On
each Transfer Date, the Investment Earnings, if any, accrued since the preceding Transfer Date on funds on deposit in the Series
Accounts shall be treated as Available Non-Principal Collections and paid or deposited in accordance with Section 4.4(a).
Subject to the foregoing, for purposes of determining the availability of funds or the balance in the Series Accounts for any reason
under this Indenture Supplement, all Investment Earnings shall be deemed not to be available or on deposit.

 

SECTION 4.12. Controlled
Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled
Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected
Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled
Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months
in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency,
the Issuer shall either postpone or accelerate, as applicable, the Controlled Accumulation Date, so that as a result, the number
of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided,
that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation
Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes
and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or
exceed the Note Principal Balance plus the Principal Overcollateralization Amount, assuming for this purpose that (1) the
weighted average principal payment rate on the Receivables held by the Issuer will be no greater than the lowest weighted average
monthly principal payment rate for the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total
amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account,
if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series
will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be
subsequently issued by the Issuer. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant
to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of
the Controlled Accumulation Period.

 

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SECTION 4.13. Determination
of LIBOR.

 

(a)          On
each LIBOR Determination Date in respect of an Interest Period, the Indenture Trustee shall determine LIBOR on the basis of the
rate per annum displayed in the Bloomberg Financial Markets system as the composite offered rate for London interbank deposits
for a period of the Designated Maturity, as of 11:00 a.m., London time, on that date. If that rate does not appear on that
display page, LIBOR for that Interest Period will be the rate per annum shown on Reuters page LIBOR01 or any successor page as
the composite offered rate for London interbank deposits for a period of the Designated Maturity, as shown under the heading “USD”
as of 11:00 a.m., London time, on the LIBOR Determination Date. If no rate is shown as described in the preceding two sentences,
LIBOR for that Interest Period will be the rate per annum based on the rates at which U.S. dollar deposits for a period of the
Designated Maturity are displayed on page “LIBOR” of the Reuters Monitor Money Rates Service or such other page as
may replace the LIBOR page on that service for the purpose of displaying London interbank offered rates of major banks as of 11:00 a.m.,
London time, on the LIBOR Determination Date; provided, that if at least two rates appear on that page, the rate will be
the arithmetic mean of the displayed rates and if fewer than two rates are displayed, or if no rate is relevant, the rate for that
Interest Period shall be determined on the basis of the rates at which deposits in United States dollars are offered by the Reference
Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market for a period of
the Designated Maturity. The Indenture Trustee shall request the principal London office of each of the Reference Banks to provide
a quotation of its rate. If at least two (2) such quotations are provided, LIBOR for that Interest Period shall be the arithmetic
mean of all quotations provided. If fewer than two (2) quotations are provided as requested, LIBOR for that Interest Period will
be the arithmetic mean of the rates quoted by major banks in New York City, selected by the Master Servicer, at approximately 11:00 a.m.,
New York City time, on that day for loans in United States dollars to leading European banks for period of the Designated Maturity.

 

(b)          The
Class A Note Interest Rate, Class B Note Interest Rate and Class C Note Interest Rate applicable to the then current and the immediately
preceding Interest Periods may be obtained by telephoning the Indenture Trustee at 212-250-4855 or such other telephone number
as shall be designated by the Indenture Trustee for such purpose by prior written notice to each Series 2014-1 Noteholder from
time to time.

 

(c)          On
each LIBOR Determination Date, the Indenture Trustee shall send to the Issuer, by facsimile transmission, notification of LIBOR
for the following Interest Period.

 

ARTICLE
V

Delivery of Series 2014-1 Notes;

Reports to Series 2014-1 Noteholders

 

SECTION 5.1. Delivery
and Payment for the Series 2014-1 Notes.

 

The Issuer shall execute
and issue, and the Authenticating Agent shall authenticate, the Series 2014-1 Notes in accordance with Section 2.2
of the Indenture. The Indenture Trustee shall deliver or cause to be delivered the Series 2014-1 Notes to or upon Issuer Order
when so authenticated.

 

SECTION 5.2. Reports
and Statements to Series 2014-1 Noteholders.

 

(a)          Not
later than the second Business Day preceding each Payment Date, the Issuer shall deliver, or cause the Master Servicer to deliver
to the Trustee, the Indenture Trustee (who shall deliver to or cause to be delivered to each Series 2014-1 Noteholder) and each
Rating Agency a statement substantially in the form of Exhibit B prepared by the Master Servicer; provided, that
the Issuer may amend the form of Exhibit B from time to time with the prior written consent of the Indenture Trustee.

 

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(b)          On
or before January 31 of each calendar year, beginning in the first January to occur after the Closing Date, the Indenture Trustee,
on behalf of the Issuer, shall furnish or cause to be furnished to each Person who at any time during the preceding calendar year
was a Series 2014-1 Noteholder the information for the preceding calendar year, or the applicable portion thereof during which
the Person was a Noteholder, as is required to be provided by an issuer of indebtedness under the Code to the holders of the Issuer’s
indebtedness and such other customary information as is necessary to enable such Noteholder to prepare its federal income tax returns.
Notwithstanding anything to the contrary contained in this Agreement, the Indenture Trustee, on behalf of the Issuer, shall, to
the extent required by applicable law, from time to time furnish to the appropriate Persons, at least five (5) Business Days prior
to the end of the period required by applicable law, the information required to complete a Form 1099-INT.

 

ARTICLE
VI

Series 2014-1 Early Amortization Events

 

SECTION 6.1. Series
2014-1 Early Amortization Events. If any one of the following events shall occur with respect to the Series 2014-1 Notes:

 

(a)          (i)
failure on the part of Transferor to make any payment or deposit required to be made by it by the terms of the Second Tier Agreement
on or before the date occurring five (5) Business Days after the date such payment or deposit is required to be made therein or
(ii) failure of the Transferor duly to observe or perform in any material respect any of its covenants or agreements set forth
in the Second Tier Agreement (excluding matters addressed by clause (i) above), which failure has a material adverse effect
on Series 2014-1 and which continues unremedied for a period of sixty (60) days after the date on which written notice of such
failure, requiring the same to be remedied, shall have been given to the Issuer or the Transferor, as applicable, by the Indenture
Trustee, or to the Issuer, the Transferor and the Indenture Trustee by any Noteholder of the Series 2014-1 Notes;

 

(b)          any
representation or warranty made by the Transferor in the Second Tier Agreement or by the Issuer in the Indenture and the Indenture
Supplement or any information contained in an account schedule required to be delivered by the Transferor pursuant to Section 2.1(c)
or Section 2.6(c) of the Second Tier Agreement shall prove to have been incorrect in any material respect when made
or when delivered, which continues to be incorrect in any material respect for a period of sixty (60) days after the date on which
written notice of the same, requiring the same to be remedied, shall have been given to the Issuer or Transferor, as applicable,
by the Indenture Trustee, or to Transferor or the Issuer, as applicable, and the Indenture Trustee by any Noteholder of the Series
2014-1 Notes, and as a result of which the interests of Series 2014-1 are materially and adversely affected and continue to be
materially and adversely affected for such period; provided, that a Series 2014-1 Early Amortization Event pursuant to
this Section 6.1(b) shall not be deemed to have occurred hereunder if Transferor has accepted reassignment of the related
Transferred Receivable or Transferred Receivables, if applicable, during such period in accordance with the provisions of the
Second Tier Agreement;

 

(c)          a
failure by Transferor under the Second Tier Agreement to convey Transferred Receivables in Additional Accounts (or to convey participations)
to the Issuer when it is required to convey such Transferred Receivables (or to convey participations) pursuant to Section 2.6
of the Second Tier Agreement;

 

(d)          any
Servicer Default or any Indenture Servicer Default shall occur;

 

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(e)          either
(a)(i) on any Transfer Date occurring in the months of February through April, the average of the Monthly Payment Rates for the
three (3) preceding Monthly Periods is less than sixteen percent (16%) (or a lower percentage designated by the Transferor if the
Rating Agency Condition is satisfied with respect thereto), (ii) on any Transfer Date occurring in the months of May or June, the
average of the Monthly Payment Rates for the three (3) preceding Monthly Periods is less than eighteen percent (18%) (or a lower
percentage designated by the Transferor if the Rating Agency Condition is satisfied with respect thereto), (iii) on any Transfer
Date occurring in the months of July through October, the average of the Monthly Payment Rates for the three (3) preceding Monthly
Periods is less than twenty-three percent (23%) (or a lower percentage designated by the Transferor if the Rating Agency Condition
is satisfied with respect thereto), or (iv) on any Transfer Date occurring in the months of November through January, the average
of the Monthly Payment Rates for the three (3) preceding Monthly Periods is less than eighteen percent (18%) (or a lower percentage
designated by the Transferor if the Rating Agency Condition is satisfied with respect thereto), or (b) on any Transfer Date, the
average Default Rate over the three immediately preceding Monthly Periods is greater than or equal to five percent (5%);

 

(f)          the
Note Principal Balance shall not be paid in full on the Expected Principal Payment Date;

 

(g)          without
limiting the foregoing, the occurrence of an Event of Default with respect to the Series 2014-1 Notes that results in the acceleration
of the maturity of the Series 2014-1 Notes pursuant to Section 5.3 of the Indenture;

 

(h)          the
sum of all investments (other than Receivables) held in trust accounts of the Issuer and, without duplication, amounts held in
the Excess Funding Account, represents more than fifty percent (50%) of the dollar amount of the assets of the Issuer on each of
six or more consecutive monthly Determination Dates, after giving effect to all payments made or to be made on the Payment Dates
relating to those Determination Dates; or

 

(i)          (i)
on any Payment Date, after giving effect to withdrawals from and deposits into the Reserve Account, the Reserve Account balance
is less than the product of (A) the Required Reserve Account Percentage minus one-fourth of one percent (0.25%) and (B) the Note
Principal Balance, or (ii) on the Payment Date after a withdrawal from the Reserve Account that does not result in an Early Amortization
Event pursuant to the preceding clause, after giving effect to withdrawals from and deposits into the Reserve Account, the Reserve
Account balance is less than the product of (A) the Required Reserve Account Percentage and (B) the Note Principal Balance;

 

then, in the case of any event described
in subsection (a), (b) or (d), after the applicable grace period, if any, set forth in such subparagraphs,
either the Indenture Trustee or the Noteholders of Series 2014-1 Notes evidencing more than fifty percent (50%) of the aggregate
unpaid principal amount of Series 2014-1 Notes by notice then given in writing to the Issuer (and to the Indenture Trustee if
given by the Series 2014-1 Noteholders) may declare that a “Series Early Amortization Event” with respect to Series
2014-1 (a “Series 2014-1 Early Amortization Event”) has occurred as of the date of such notice, and, in the
case of any event described in subsection (c), (e), (f), (g), (h) or (i), a Series 2014-1
Early Amortization Event shall occur without any notice or other action on the part of the Indenture Trustee or the Series 2014-1
Noteholders immediately upon the occurrence of such event.

 

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ARTICLE
VII

Redemption of Series 2014-1 Notes; 

Final Distributions; Series Termination

 

SECTION 7.1. Optional
Redemption of Series 2014-1 Notes; Final Distributions.

 

(a)          On
any day occurring on or after the date on which the outstanding principal balance of the Series 2014-1 Notes plus the Principal
Overcollateralization Amount is reduced to ten percent (10%) or less of the Initial Collateral Amount, the Transferor has the option
pursuant to the Trust Agreement to reduce the Collateral Amount to zero by paying a purchase price equal to the greater of (x)
the Collateral Amount plus the Allocation Percentage of outstanding Non-Principal Receivables, and (y) (i) if such day is a Payment
Date, the Reassignment Amount for such Payment Date or (ii) if such day is not a Payment Date, the Reassignment Amount for the
Payment Date following such day. If Transferor exercises such option, the Issuer will apply such purchase price to repay the Series
2014-1 Notes in full as specified below.

 

(b)          In
order to exercise such option, the Issuer shall give the Indenture Trustee at least thirty (30) days’ prior written notice
of the date on which Transferor intends to exercise such optional redemption. Not later than 3:00 p.m., New York City time, on
the day of such redemption, the Issuer shall deposit into the Collection Account in immediately available funds the Reassignment
Amount. Such redemption option is subject to payment in full of the Reassignment Amount. Following such deposit into the Collection
Account in accordance with the foregoing, the Collateral Amount for Series 2014-1 shall be paid in full and the Series 2014-1 Noteholders
shall have no further security interest or other interest in the Transferred Receivables. The Reassignment Amount shall be paid
as set forth in Section 7.1(d).

 

(c)          The
amount to be paid by the Issuer with respect to Series 2014-1 in connection with a repurchase of the Series 2014-1 Notes pursuant
to Section 10.1 of the Trust Agreement shall not be less than the Reassignment Amount for the Payment Date of such repurchase.

 

(d)          With
respect to the Reassignment Amount deposited into the Collection Account pursuant to this Section 7.1 or the net proceeds
of any sale of Transferred Receivables pursuant to Section 5.3 of the Indenture with respect to Series 2014-1, the Indenture
Trustee shall, in accordance with an Issuer Order, not later than 3:00 p.m., New York City time, on the related Payment Date, make
payments of the following amounts (in the priority set forth below and, in each case, after giving effect to any deposits and payments
otherwise to be made on such date) in immediately available funds: (i) an amount equal to the Class A Monthly Interest due and
payable on such Payment Date (or any prior Payment Date that has not been paid) will be paid, pro rata, to the Class A Noteholders,
to the extent permitted by applicable law, (ii) the Class A Note Principal Balance on such Payment Date will be paid, pro rata,
to the Class A Noteholders, (iii) an amount equal to the Class B Monthly Interest due and payable on such Payment Date (or any
prior Payment Date that has not been paid) will be paid, pro rata, to the Class B Noteholders, to the extent permitted by applicable
law, (iv) the Class B Note Principal Balance on such Payment Date will be paid, pro rata, to the Class B Noteholders, (v) an amount
equal to the Class C Monthly Interest due and payable on such Payment Date (or any prior Payment Date that has not been paid) will
be paid, pro rata, to the Class C Noteholders to the extent permitted by applicable law, (vi) the Class C Note Principal Balance
on such Payment Date will be paid, pro rata, to the Class C Noteholders, (vii) an amount equal to any required yield payments on
the Principal Overcollateralization Amount will be released to the Issuer, (viii) the remainder shall be released to the Issuer
in reduction of the Principal Overcollateralization Amount until the Principal Overcollateralization Amount has been paid in full
and (ix) any excess shall be released to the Issuer.

 

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SECTION 7.2. Series
Termination.

 

On the Series 2014-1
Final Maturity Date, the unpaid principal amount of the Series 2014-1 Notes shall be due and payable.

 

ARTICLE
VIII

Miscellaneous Provisions

 

SECTION 8.1. Ratification
of Indenture; Amendments. As supplemented by this Indenture Supplement, the Indenture is in all respects ratified and confirmed
and the Indenture as so supplemented by this Indenture Supplement shall be read, taken and construed as one and the same instrument.
This Indenture Supplement may be amended only in accordance with the terms of Section 9.1 or 9.2 of the Indenture.
For purposes of the application of Section 9.2 of the Indenture to any amendment of this Indenture Supplement, the Series
2014-1 Noteholders shall be the only Noteholders whose vote shall be required.

 

SECTION 8.2. Form
of Delivery of the Series 2014-1 Notes. The Series 2014-1 Notes shall be Book-Entry Notes and shall be delivered as provided
in Section 2.1 and 2.2 of the Indenture.

 

SECTION 8.3. Counterparts.
This Indenture Supplement may be executed in two or more counterparts, and by different parties on separate counterparts, each
of which shall be an original, but all of which shall constitute one and the same instrument.

 

SECTION 8.4. GOVERNING
LAW.

 

(a)          THIS
INDENTURE SUPPLEMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY
AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING
SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAWS PROVISIONS THEREOF)
AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

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(b)          EACH
PARTY HERETO HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN NEW YORK CITY SHALL
HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN THEM PERTAINING TO THIS INDENTURE SUPPLEMENT OR
TO ANY MATTER ARISING OUT OF OR RELATING TO THIS INDENTURE SUPPLEMENT; PROVIDED, THAT EACH PARTY HERETO ACKNOWLEDGES THAT
ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF THE BOROUGH OF MANHATTAN IN NEW YORK CITY; PROVIDED,
FURTHER, THAT NOTHING IN THIS INDENTURE SUPPLEMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE THE INDENTURE TRUSTEE FROM BRINGING
SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE Series
2014-1 NOTES, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE INDENTURE TRUSTEE. EACH PARTY HERETO SUBMITS
AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH PARTY HERETO HEREBY WAIVES
ANY OBJECTION THAT SUCH PARTY MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS
AND HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT. EACH PARTY HERETO
HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE
OF SUCH SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH PARTY AT ITS ADDRESS
DETERMINED IN ACCORDANCE WITH SECTION 10.4 OF THE INDENTURE AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER
OF SUCH PARTY’S ACTUAL RECEIPT THEREOF OR THREE DAYS AFTER DEPOSIT IN THE UNITED STATES MAIL, PROPER POSTAGE PREPAID. NOTHING
IN THIS SECTION SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.

 

(c)          BECAUSE
DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED
AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES
DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF
THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT,
OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED WITH,
RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS INDENTURE SUPPLEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY.

 

    	 	30	2014-1 Indenture Supplement

    	 

    

  

SECTION 8.5. Limitation
of Liability. Notwithstanding any other provision herein or elsewhere, this Agreement has been executed and delivered by BNY
Mellon Trust of Delaware, not in its individual capacity, but solely in its capacity as Trustee of the Issuer, in no event shall
BNY Mellon Trust of Delaware in its individual capacity have any liability in respect of the representations, warranties, or obligations
of the Issuer hereunder or under any other document, as to all of which recourse shall be had solely to the assets of the Trust,
and for all purposes of this Agreement and each other document, the Trustee (as such or in its individual capacity) shall be subject
to, and entitled to the benefits of, the terms and provisions of the Trust Agreement.

 

SECTION 8.6. Rights
of the Indenture Trustee. The Indenture Trustee shall have herein the same rights, protections, indemnities and immunities
as specified in the Indenture.

 

SECTION 8.7. No
Petition. Each holder of a Note by its acceptance of a Note will be deemed to covenant and agree that (i) it will not at any
time directly or indirectly institute or cause to be instituted against the Issuer any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceeding or other proceeding under any Debtor Relief Law unless holders of not less than sixty-six
and two-thirds percent (66 2/3%) of the Outstanding Principal Balance of each Class of each Series have approved such filing; and
(ii) it will not at any time directly or indirectly institute or cause to be instituted against the Transferor any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceeding or other proceeding under any Debtor Relief Law in connection
with any obligation relating to the Notes, the Indenture or any of the Related Documents.

 

SECTION 8.8. Notes
to be Treated as Debt for Tax. It is the intent of the parties hereto to treat the Class A Notes, the Class B Notes and the
Class C Notes as indebtedness for all purposes, including in all tax filings, reports and returns and otherwise, and such parties
agree not to take, or participate in the taking of or permit to be taken any action that is inconsistent with the treatment of
the Class A Notes, the Class B Notes and the Class C Notes as indebtedness.

 

SECTION 8.9. Notice
Address for Rating Agencies. Delivery of any notices required to be delivered to the Rating Agencies by the Issuer, the Indenture
Trustee or the Trustee shall be sufficient for the purposes of this Indenture Supplement and the other Related Documents if sent
to such mailing addresses or such email addresses as may be provided by the Rating Agencies.

 

[SIGNATURE PAGES FOLLOW]

 

    	 	31	2014-1 Indenture Supplement

    	 

    

 

IN WITNESS WHEREOF,
the undersigned have caused this Indenture Supplement to be duly executed and delivered on the day and year first above written.

 

	 	GE DEALER FLOORPLAN MASTER NOTE TRUST, as Issuer
	 	 	 
	 	By:	BNY MELLON TRUST OF DELAWARE, 

not in its individual capacity, 

but as Trustee on behalf of Issuer
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	 	S-1	2014-1 Indenture Supplement

    	 

    

 

	 	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Indenture Trustee
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	 	S-2	2014-1 Indenture Supplement

    	 

    

 

EXHIBIT A-1

 

FORM OF CLASS A SERIES 2014-1 ASSET BACKED
NOTE

 

UNLESS THIS NOTE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

THE
HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT (i) it will not at any time directly or indirectly institute
or cause to be instituted against the Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding
or other proceeding under any Federal or state bankruptcy law unless Noteholders of not less than sixty-six and two-thirds percent
(66 2/3%) of the Outstanding Principal BALANCE of each Class of each Series have approved such filing; and (ii) it will not at
any time directly or indirectly institute or cause to be instituted against GE DEALER FLOORPLAN MASTER NOTE TRUST or
CDF Funding, Inc. any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceeding under any
Federal or state bankruptcy law IN CONNECTION WITH ANY OBLIGATION RELATING TO THE NOTES, THE INDENTURE OR ANY OF THE RELATED DOCUMENTS.

 

THE HOLDER OF THIS
CLASS A NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE CLASS A NOTES AS
INDEBTEDNESS FOR ALL PURPOSES, INCLUDING IN ALL TAX FILINGS, REPORTS AND RETURNS AND OTHERWISE.

 

THE HOLDER OF THIS
NOTE BY ITS ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST THEREIN, SHALL BE DEEMED TO REPRESENT AND WARRANT
THAT EITHER (I) SUCH HOLDER IS NOT (AND FOR SO LONG AS IT HOLDS SUCH NOTE WILL NOT BE), IS NOT ACTING ON BEHALF OF (AND FOR SO
LONG AS IT HOLDS SUCH NOTE WILL NOT BE ACTING ON BEHALF OF), AND IS NOT INVESTING THE ASSETS OF (A) AN "EMPLOYEE BENEFIT PLAN"
(AS DEFINED IN SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA")) THAT IS SUBJECT
TO TITLE I OF ERISA, (B) A "PLAN" (AS DEFINED IN SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
(THE "CODE")) THAT IS SUBJECT TO SECTION 4975 OF THE CODE, (C) AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS
BY REASON OF INVESTMENT BY AN EMPLOYEE BENEFIT PLAN OR PLAN IN SUCH ENTITY ABOVE OR (D) A GOVERNMENTAL PLAN, CHURCH PLAN OR NON-U.S.
PLAN THAT IS SUBJECT TO ANY APPLICABLE LAW THAT IS SUBSTANTIALLY SIMILAR TO THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION
PROVISIONS OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”) OR (II) ITS ACQUISITION, CONTINUED HOLDING AND DISPOSITION
OF THIS NOTE WILL NOT RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A
VIOLATION OF ANY SIMILAR LAW.

 

    	 	A-1-1	2014-1 Indenture Supplement

    	 

    

  

	REGISTERED

No. R-1	
        $[_________]1

         

        CUSIP NO. 36159L CK0

 

GE DEALER
FLOORPLAN MASTER NOTE TRUST

SERIES 2014-1

CLASS A SERIES 2014-1 ASSET BACKED NOTE

 

GE Dealer Floorplan
Master Note Trust (herein referred to as the “Issuer” or the “Trust”), a Delaware statutory trust governed
by an Amended and Restated Trust Agreement dated as of August 12, 2004, for value received, hereby promises to pay to Cede &
Co., or registered assigns, subject to the following provisions, the principal sum of [[______] MILLION DOLLARS ($[________])],
or such greater or lesser amount as determined in accordance with the Indenture, on the Series 2014-1 Final Maturity Date, except
as otherwise provided below or in the Indenture. The Issuer will pay interest on the unpaid principal amount of this Note at the
rate and in the manner set forth in the Indenture Supplement referred to herein. Interest on this Note will accrue for each Payment
Date from and including the most recent Payment Date on which interest has been paid to but excluding such Payment Date or, for
the initial Payment Date, from and including the Closing Date to but excluding such Payment Date. Interest will be computed on
the basis of a 360-day year and the actual number of days elapsed. Principal of this Note shall be paid in the manner specified
in the Indenture Supplement referred to herein.

 

The principal of and
interest on this Note are payable in such coin or currency of the United States of America as at the time of payment is legal tender
for payment of public and private debts.

 

Unless the certificate
of authentication hereon has been executed by or on behalf of the Indenture Trustee, by manual signature, this Note shall not be
entitled to any benefit under the Indenture or the Indenture Supplement referred to herein, or be valid for any purpose.

 

 

1 The aggregate amount of the Class A Notes is equal
to the Class A Note Initial Principal Balance. Notes will be prepared in denominations of $1,000 and integral multiples of $1,000
not to exceed five hundred million dollars ($500,000,000).

 

    	 	A-1-2	2014-1 Indenture Supplement

    	 

    

 

IN WITNESS WHEREOF,
the Issuer has caused this Class A Note to be duly executed.

 

	 	GE DEALER FLOORPLAN MASTER NOTE TRUST, as Issuer
	 	 	 
	 	By:	BNY MELLON TRUST OF DELAWARE, 

not in its individual capacity
	 	 	but solely as Trustee on behalf of Issuer
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	Dated: 	 	 

 

    	 	A-1-3	2014-1 Indenture Supplement

    	 

    

 

INDENTURE TRUSTEE’S CERTIFICATE OF
AUTHENTICATION

 

This is one of the Class A Notes described
in the within-mentioned Indenture.

 

	 	DEUTSCHE BANK TRUST COMPANY 

AMERICAS, as Indenture Trustee
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	Dated:	 	 

 

    	 	A-1-4	2014-1 Indenture Supplement

    	 

    

 

GE DEALER FLOORPLAN MASTER NOTE TRUST

SERIES 2014-1

CLASS A SERIES 2014-1 ASSET BACKED NOTE

 

This Class A Note (this
“Note”) is one of a duly authorized issue of Notes of the Issuer, designated as GE Dealer Floorplan Master Note
Trust, Series 2014-1 (the “Series 2014-1 Notes”), issued under an Amended and Restated Master Indenture dated
as of July 11, 2014 (as amended, modified or supplemented from time to time, the “Master Indenture”), between
the Issuer and Deutsche Bank Trust Company Americas (successor in interest to Wilmington Trust Company), as indenture trustee (the
“Indenture Trustee”), as supplemented by the Series 2014-1 Indenture Supplement dated as of July 22, 2014 (the
“Indenture Supplement”), and representing the right to receive certain payments from the Issuer. The term “Indenture,”
unless the context otherwise requires, refers to the Master Indenture as supplemented by the Indenture Supplement. The Notes are
subject to all of the terms of the Indenture. All terms used in this Note that are defined in the Indenture shall have the meanings
assigned to them in or pursuant to the Indenture. In the event of any conflict or inconsistency between the Indenture and this
Note, the Indenture shall control.

 

The Class B Notes and
the Class C Notes will also be issued under the Indenture.

 

The Noteholder, by
its acceptance of this Note, agrees that it will look solely to the property of the Issuer allocated to the payment of this Note
for payment hereunder and that neither the Trustee nor the Indenture Trustee is liable to the Noteholders for any amount payable
under the Notes or the Indenture or, except in the case of the Indenture Trustee as expressly provided in the Indenture, subject
to any liability under the Indenture.

 

This Note does not
purport to summarize the Indenture and reference is made to the Indenture for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced thereby, and the rights, duties and immunities of the Indenture Trustee.

 

THIS NOTE DOES NOT
REPRESENT AN OBLIGATION OF, OR AN INTEREST IN, GENERAL ELECTRIC CAPITAL CORPORATION, CDF FUNDING, INC., GE COMMERCIAL DISTRIBUTION
FINANCE CORPORATION, POLARIS ACCEPTANCE, BRUNSWICK ACCEPTANCE COMPANY, LLC OR ANY OF THEIR AFFILIATES (OTHER THAN THE ISSUER),
AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

 

The Issuer, the Indenture
Trustee and any agent of the Issuer or the Indenture Trustee shall treat the person in whose name this Note is registered as the
owner hereof for all purposes, and neither the Issuer, the Indenture Trustee nor any agent of the Issuer or the Indenture Trustee
shall be affected by notice to the contrary.

 

    	 	A-1-5	2014-1 Indenture Supplement

    	 

    

  

THIS NOTE AND THE OBLIGATIONS
ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED
AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL
OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES
OF AMERICA.

 

    	 	A-1-6	2014-1 Indenture Supplement

    	 

    

 

ASSIGNMENT

 

Social Security or other identifying number
of assignee _________________________________

 

FOR VALUE RECEIVED,
the undersigned hereby sells, assigns and transfers unto                                  
(name and address of assignee) the within certificate and all rights thereunder, and hereby irrevocably constitutes and appoints
                            
attorney, to transfer said certificate on the books kept for registration thereof, with full power of substitution in the premises.

 

	Dated:	 	 	 	**
	 	 	 	Signature Guaranteed:	 

 

 

**        The signature to this assignment must correspond
with the name of the registered owner as it appears on the face of the within Note in every particular, without alteration, enlargement
or any change whatsoever.

 

    	 	A-1-7	2014-1 Indenture Supplement

    	 

    

 

EXHIBIT A-2

FORM OF CLASS B SERIES 2014-1 ASSET BACKED NOTE

 

UNLESS THIS NOTE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

THIS NOTE HAS NOT BEEN
REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY
NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT AS SET FORTH IN THE NEXT SENTENCE. BY ITS ACQUISITION HEREOF OR OF
A BENEFICIAL INTEREST HEREIN, THE HOLDER OF THIS NOTE:

 

		(1)	AGREES FOR THE BENEFIT OF THE ISSUER AND THE TRANSFEROR THAT THIS NOTE MAY BE SOLD, TRANSFERRED,
ASSIGNED, PARTICIPATED, PLEDGED OR OTHERWISE DISPOSED OF ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS,
AND ONLY (I) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES
IS A QUALIFIED INSTITUTIONAL BUYER, WITHIN THE MEANING OF RULE l44A (A “QIB”), PURCHASING FOR ITS OWN ACCOUNT OR FOR
THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING
MADE IN RELIANCE ON RULE 144A, OR (II) TO THE TRANSFEROR OR ITS AFFILIATES, IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE SECURITIES
LAWS OF THE UNITED STATES; AND

 

		(2)	AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS NOTE OR AN INTEREST HEREIN IS TRANSFERRED
A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND.

 

    	 	A-2-1	2014-1 Indenture Supplement

    	 

    

 

THE
HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT (i) it will not at any time directly or indirectly institute
or cause to be instituted against the Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding
or other proceeding under any Federal or state bankruptcy law unless Noteholders of not less than sixty-six and two-thirds percent
(66 2/3%) of the Outstanding Principal BALANCE of each Class of each Series have approved such filing; and (ii) it will not at
any time directly or indirectly institute or cause to be instituted against GE DEALER FLOORPLAN MASTER NOTE TRUST or
CDF Funding, Inc. any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceeding under any
Federal or state bankruptcy law IN CONNECTION WITH ANY OBLIGATION RELATING TO THE NOTES, THE INDENTURE OR ANY OF THE RELATED DOCUMENTS.

 

THE HOLDER OF THIS
CLASS B NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE CLASS B NOTES AS
INDEBTEDNESS FOR ALL PURPOSES, INCLUDING IN ALL TAX FILINGS, REPORTS AND RETURNS AND OTHERWISE.

 

THE HOLDER OF THIS
NOTE BY ITS ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST THEREIN, SHALL BE DEEMED TO REPRESENT AND WARRANT
THAT EITHER (I) SUCH HOLDER IS NOT (AND FOR SO LONG AS IT HOLDS SUCH NOTE WILL NOT BE), IS NOT ACTING ON BEHALF OF (AND FOR SO
LONG AS IT HOLDS SUCH NOTE WILL NOT BE ACTING ON BEHALF OF), AND IS NOT INVESTING THE ASSETS OF (A) AN “EMPLOYEE BENEFIT
PLAN” (AS DEFINED IN SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”))
THAT IS SUBJECT TO TITLE I OF ERISA, (B) A “PLAN” (AS DEFINED IN SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE")) THAT IS SUBJECT TO SECTION 4975 OF THE CODE, (C) AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE
PLAN ASSETS BY REASON OF INVESTMENT BY AN EMPLOYEE BENEFIT PLAN OR PLAN IN SUCH ENTITY (EACH, A “BENEFIT PLAN”) OR
(D) A GOVERNMENTAL PLAN, CHURCH PLAN OR NON-U.S. PLAN THAT IS SUBJECT TO ANY APPLICABLE LAW THAT IS SUBSTANTIALLY SIMILAR TO THE
FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”)
OR (II) ITS ACQUISITION, CONTINUED HOLDING AND DISPOSITION OF THIS NOTE WILL NOT RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION
UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A VIOLATION OF ANY SIMILAR LAW.

 

    	 	A-2-2	2014-1 Indenture Supplement

    	 

    

  

	REGISTERED

No. R-1	$14,210,526

CUSIP NO. 36159L CL8

 

GE DEALER FLOORPLAN MASTER NOTE TRUST

SERIES 2014-1

 

CLASS B SERIES 2014-1 ASSET BACKED NOTE

 

GE Dealer Floorplan
Master Note Trust (herein referred to as the “Issuer” or the “Trust”), a Delaware statutory trust governed
by an Amended and Restated Trust Agreement dated as of August 12, 2004, for value received, hereby promises to pay to Cede &
Co., or registered assigns, subject to the following provisions, the principal sum of FOURTEEN MILLION TWO HUNDRED TEN THOUSAND
FIVE HUNDRED TWENTY-SIX DOLLARS ($14,210,526), or such greater or lesser amount as determined in accordance with the Indenture,
on the Series 2014-1 Final Maturity Date, except as otherwise provided below or in the Indenture. The Issuer will pay interest
on the unpaid principal amount of this Note at the rate and in the manner set forth in the Indenture Supplement referred to herein.
Interest on this Note will accrue for each Payment Date from and including the most recent Payment Date on which interest has been
paid to but excluding such Payment Date or, for the initial Payment Date, from and including the Closing Date to but excluding
such Payment Date. Interest will be computed on the basis of a 360-day year and the actual number of days elapsed. Principal of
this Note shall be paid in the manner specified in the Indenture Supplement referred to herein.

 

The principal of and
interest on this Note are payable in such coin or currency of the United States of America as at the time of payment is legal tender
for payment of public and private debts.

 

Unless the certificate
of authentication hereon has been executed by or on behalf of the Indenture Trustee, by manual signature, this Note shall not be
entitled to any benefit under the Indenture or the Indenture Supplement referred to herein, or be valid for any purpose.

 

THIS CLASS B NOTE IS
SUBORDINATED TO THE EXTENT NECESSARY TO FUND PAYMENTS ON THE CLASS A NOTES TO THE EXTENT SPECIFIED IN THE INDENTURE SUPPLEMENT.

 

    	 	A-2-3	2014-1 Indenture Supplement

    	 

    

 

IN WITNESS WHEREOF, the Issuer has caused
this Class B Note to be duly executed.

 

	 	GE DEALER FLOORPLAN MASTER NOTE 

TRUST, as Issuer
	 	 	 
	 	By:	BNY MELLON TRUST OF DELAWARE, not in its individual capacity
	 	 	but solely as Trustee on behalf of Issuer
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	Dated: 	 	 

 

    	 	A-2-4	2014-1 Indenture Supplement

    	 

    

 

INDENTURE TRUSTEE’S CERTIFICATE OF
AUTHENTICATION

 

This is one of the Class B Notes described
in the within-mentioned Indenture.

 

	 	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Indenture Trustee
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	Dated:	 	 

 

    	 	A-2-5	2014-1 Indenture Supplement

    	 

    

 

GE DEALER FLOORPLAN MASTER NOTE TRUST

SERIES 2014-1

CLASS B SERIES 2014-1 ASSET BACKED NOTE

 

This Class B Note (this
“Note”) is one of a duly authorized issue of Notes of the Issuer, designated as GE Dealer Floorplan Master Note
Trust, Series 2014-1 (the “Series 2014-1 Notes”), issued under an Amended and Restated Master Indenture dated
as of July 11, 2014 (as amended, modified or supplemented from time to time, the “Master Indenture”), between
the Issuer and Deutsche Bank Trust Company Americas (successor in interest to Wilmington Trust Company), as indenture trustee (the
“Indenture Trustee”), as supplemented by the Series 2014-1 Indenture Supplement dated as of July 22, 2014 (the
“Indenture Supplement”), and representing the right to receive certain payments from the Issuer. The term “Indenture,”
unless the context otherwise requires, refers to the Master Indenture as supplemented by the Indenture Supplement. The Notes are
subject to all of the terms of the Indenture. All terms used in this Note that are defined in the Indenture shall have the meanings
assigned to them in or pursuant to the Indenture. In the event of any conflict or inconsistency between the Indenture and this
Note, the Indenture shall control.

 

The Class A Notes and
the Class C Notes will also be issued under the Indenture.

 

The Noteholder, by
its acceptance of this Note, agrees that it will look solely to the property of the Issuer allocated to the payment of this Note
for payment hereunder and that neither the Trustee nor the Indenture Trustee is liable to the Noteholders for any amount payable
under the Notes or the Indenture or, except in the case of the Indenture Trustee as expressly provided in the Indenture, subject
to any liability under the Indenture.

 

This Note does not
purport to summarize the Indenture and reference is made to the Indenture for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced thereby, and the rights, duties and immunities of the Indenture Trustee.

 

THIS NOTE DOES NOT
REPRESENT AN OBLIGATION OF, OR AN INTEREST IN, GENERAL ELECTRIC CAPITAL CORPORATION, CDF FUNDING, INC., GE COMMERCIAL DISTRIBUTION
FINANCE CORPORATION, POLARIS ACCEPTANCE, BRUNSWICK ACCEPTANCE COMPANY, LLC OR ANY OF THEIR AFFILIATES (OTHER THAN THE ISSUER),
AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

 

The Issuer, the Indenture
Trustee and any agent of the Issuer or the Indenture Trustee shall treat the person in whose name this Note is registered as the
owner hereof for all purposes, and neither the Issuer, the Indenture Trustee nor any agent of the Issuer or the Indenture Trustee
shall be affected by notice to the contrary.

 

    	 	A-2-6	2014-1 Indenture Supplement

    	 

    

  

THIS NOTE AND THE OBLIGATIONS
ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED
AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL
OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES
OF AMERICA.

 

    	 	A-2-7	2014-1 Indenture Supplement

    	 

    

 

ASSIGNMENT

 

Social Security or other identifying number
of assignee _________________________________

 

FOR VALUE RECEIVED,
the undersigned hereby sells, assigns and transfers unto                                  
(name and address of assignee) the within certificate and all rights thereunder, and hereby irrevocably constitutes and appoints
                            
attorney, to transfer said certificate on the books kept for registration thereof, with full power of substitution in the premises.

 

	Dated:	 	 	 	**
	 	 	 	Signature Guaranteed:	 

 

 

**        The signature to this assignment must correspond
with the name of the registered owner as it appears on the face of the within Note in every particular, without alteration, enlargement
or any change whatsoever.

 

    	 	A-2-8	2014-1 Indenture Supplement

    	 

    

 

EXHIBIT A-3

 

FORM OF CLASS C SERIES 2014-1 ASSET BACKED
NOTE

 

UNLESS THIS NOTE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

THIS NOTE HAS NOT BEEN
REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY
NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT AS SET FORTH IN THE NEXT SENTENCE. BY ITS ACQUISITION HEREOF OR OF
A BENEFICIAL INTEREST HEREIN, THE HOLDER OF THIS NOTE:

 

		(1)	AGREES FOR THE BENEFIT OF THE ISSUER AND THE TRANSFEROR THAT THIS NOTE MAY BE SOLD, TRANSFERRED,
ASSIGNED, PARTICIPATED, PLEDGED OR OTHERWISE DISPOSED OF ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS,
AND ONLY (I) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES
IS A QUALIFIED INSTITUTIONAL BUYER, WITHIN THE MEANING OF RULE l44A (A “QIB”), PURCHASING FOR ITS OWN ACCOUNT OR FOR
THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING
MADE IN RELIANCE ON RULE 144A, OR (II) TO THE TRANSFEROR OR ITS AFFILIATES, IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE SECURITIES
LAWS OF THE UNITED STATES; AND

 

		(2)	AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS NOTE OR AN INTEREST HEREIN IS TRANSFERRED
A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND.

 

    	 	A-3-1	2014-1 Indenture Supplement

    	 

    

 

THE
HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT (i) it will not at any time directly or indirectly institute
or cause to be instituted against the Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding
or other proceeding under any Federal or state bankruptcy law unless Noteholders of not less than sixty-six and two-thirds percent
(66 2/3%) of the Outstanding Principal BALANCE of each Class of each Series have approved such filing; and (ii) it will not at
any time directly or indirectly institute or cause to be instituted against GE DEALER FLOORPLAN MASTER NOTE TRUST or
CDF Funding, Inc. any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceeding under any
Federal or state bankruptcy law IN CONNECTION WITH ANY OBLIGATION RELATING TO THE NOTES, THE INDENTURE OR ANY OF THE RELATED DOCUMENTS.

 

THE HOLDER OF THIS
CLASS C NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE CLASS C NOTES AS
INDEBTEDNESS FOR ALL PURPOSES, INCLUDING IN ALL TAX FILINGS, REPORTS AND RETURNS AND OTHERWISE.

 

THE HOLDER OF THIS
NOTE BY ITS ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST THEREIN, SHALL BE DEEMED TO REPRESENT AND WARRANT
THAT EITHER (I) SUCH HOLDER IS NOT (AND FOR SO LONG AS IT HOLDS SUCH NOTE WILL NOT BE), IS NOT ACTING ON BEHALF OF (AND FOR SO
LONG AS IT HOLDS SUCH NOTE WILL NOT BE ACTING ON BEHALF OF), AND IS NOT INVESTING THE ASSETS OF (A) AN “EMPLOYEE BENEFIT
PLAN” (AS DEFINED IN SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”))
THAT IS SUBJECT TO TITLE I OF ERISA, (B) A “PLAN” (AS DEFINED IN SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE “CODE”)) THAT IS SUBJECT TO SECTION 4975 OF THE CODE, (C) AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE
PLAN ASSETS BY REASON OF INVESTMENT BY AN EMPLOYEE BENEFIT PLAN OR PLAN IN SUCH ENTITY (EACH, A “BENEFIT PLAN”) OR
(D) A GOVERNMENTAL PLAN, CHURCH PLAN OR NON-U.S. PLAN THAT IS SUBJECT TO ANY APPLICABLE LAW THAT IS SUBSTANTIALLY SIMILAR TO THE
FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”)
OR (II) ITS ACQUISITION, CONTINUED HOLDING AND DISPOSITION OF THIS NOTE WILL NOT RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION
UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A VIOLATION OF ANY SIMILAR LAW.

 

    	 	A-3-2	2014-1 Indenture Supplement

    	 

    

  

	REGISTERED

No. R-1	$21,315,789

CUSIP NO. 36159L CM6

 

GE DEALER FLOORPLAN MASTER NOTE TRUST

SERIES 2014-1

 

CLASS C SERIES 2014-1 ASSET BACKED NOTE

 

GE Dealer Floorplan
Master Note Trust (herein referred to as the “Issuer” or the “Trust”), a Delaware statutory trust governed
by an Amended and Restated Trust Agreement dated as of August 12, 2004, for value received, hereby promises to pay to Cede &
Co., or registered assigns, subject to the following provisions, the principal sum of TWENTY-ONE MILLION THREE HUNDRED FIFTEEN
THOUSAND SEVEN HUNDRED EIGHTY-NINE DOLLARS ($21,315,789), or such greater or lesser amount as determined in accordance with the
Indenture, on the Series 2014-1 Final Maturity Date, except as otherwise provided below or in the Indenture. The Issuer will pay
interest on the unpaid principal amount of this Note at the rate and in the manner set forth in the Indenture Supplement referred
to herein. Interest on this Note will accrue for each Payment Date from and including the most recent Payment Date on which interest
has been paid to but excluding such Payment Date or, for the initial Payment Date, from and including the Closing Date to but excluding
such Payment Date. Interest will be computed on the basis of a 360-day year and the actual number of days elapsed. Principal of
this Note shall be paid in the manner specified in the Indenture Supplement referred to herein.

 

The principal of and
interest on this Note are payable in such coin or currency of the United States of America as at the time of payment is legal tender
for payment of public and private debts.

 

Unless the certificate
of authentication hereon has been executed by or on behalf of the Indenture Trustee, by manual signature, this Note shall not be
entitled to any benefit under the Indenture or the Indenture Supplement referred to herein, or be valid for any purpose.

 

THIS CLASS C NOTE IS
SUBORDINATED TO THE EXTENT NECESSARY TO FUND PAYMENTS ON THE CLASS A NOTES AND THE CLASS B NOTES TO THE EXTENT SPECIFIED IN THE
INDENTURE SUPPLEMENT.

 

    	 	A-3-3	2014-1 Indenture Supplement

    	 

    

 

IN WITNESS WHEREOF, the Issuer has caused
this Class C Note to be duly executed.

 

	 	GE DEALER FLOORPLAN MASTER NOTE TRUST, as Issuer
	 	 	 
	 	By:	BNY MELLON TRUST OF DELAWARE, not in its individual capacity
	 	 	but solely as Trustee on behalf of Issuer
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	Dated: 	 	 

 

    	 	A-3-4	2014-1 Indenture Supplement

    	 

    

 

INDENTURE TRUSTEE’S CERTIFICATE OF
AUTHENTICATION

 

This is one of the Class C Notes described
in the within-mentioned Indenture.

 

	 	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Indenture Trustee
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	Dated:	 	 

 

    	 	A-3-5	2014-1 Indenture Supplement

    	 

    

 

GE DEALER FLOORPLAN MASTER NOTE TRUST

SERIES 2014-1

CLASS C SERIES 2014-1 ASSET BACKED NOTE

 

This Class C Note (this
“Note”) is one of a duly authorized issue of Notes of the Issuer, designated as GE Dealer Floorplan Master Note
Trust, Series 2014-1 (the “Series 2014-1 Notes”), issued under an Amended and Restated Master Indenture dated
as of July 11, 2014 (as amended, modified or supplemented from time to time, the “Master Indenture”), between
the Issuer and Deutsche Bank Trust Company Americas (successor in interest to Wilmington Trust Company), as indenture trustee (the
“Indenture Trustee”), as supplemented by the Series 2014-1 Indenture Supplement dated as of July 22, 2014 (the
“Indenture Supplement”), and representing the right to receive certain payments from the Issuer. The term “Indenture,”
unless the context otherwise requires, refers to the Master Indenture as supplemented by the Indenture Supplement. The Notes are
subject to all of the terms of the Indenture. All terms used in this Note that are defined in the Indenture shall have the meanings
assigned to them in or pursuant to the Indenture. In the event of any conflict or inconsistency between the Indenture and this
Note, the Indenture shall control.

 

The Class A Notes and
the Class B Notes will also be issued under the Indenture.

 

The Noteholder, by
its acceptance of this Note, agrees that it will look solely to the property of the Issuer allocated to the payment of this Note
for payment hereunder and that neither the Trustee nor the Indenture Trustee is liable to the Noteholders for any amount payable
under the Notes or the Indenture or, except in the case of the Indenture Trustee as expressly provided in the Indenture, subject
to any liability under the Indenture.

 

This Note does not
purport to summarize the Indenture and reference is made to the Indenture for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced thereby, and the rights, duties and immunities of the Indenture Trustee.

 

THIS NOTE DOES NOT
REPRESENT AN OBLIGATION OF, OR AN INTEREST IN, GENERAL ELECTRIC CAPITAL CORPORATION, CDF FUNDING, INC., GE COMMERCIAL DISTRIBUTION
FINANCE CORPORATION, POLARIS ACCEPTANCE, BRUNSWICK ACCEPTANCE COMPANY, LLC OR ANY OF THEIR AFFILIATES (OTHER THAN THE ISSUER),
AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

 

The Issuer, the Indenture
Trustee and any agent of the Issuer or the Indenture Trustee shall treat the person in whose name this Note is registered as the
owner hereof for all purposes, and neither the Issuer, the Indenture Trustee nor any agent of the Issuer or the Indenture Trustee
shall be affected by notice to the contrary.

 

    	 	A-3-6	2014-1 Indenture Supplement

    	 

    

  

THIS NOTE AND THE OBLIGATIONS
ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED
AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL
OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES
OF AMERICA.

 

    	 	A-3-7	2014-1 Indenture Supplement

    	 

    

 

ASSIGNMENT

 

Social Security or other identifying number
of assignee _________________________________

 

FOR VALUE RECEIVED,
the undersigned hereby sells, assigns and transfers unto                                  
(name and address of assignee) the within certificate and all rights thereunder, and hereby irrevocably constitutes and appoints
                            
attorney, to transfer said certificate on the books kept for registration thereof, with full power of substitution in the premises.

 

	Dated:	 	 	 	**
	 	 	 	Signature Guaranteed:	 

 

 

**       The signature to this assignment must correspond
with the name of the registered owner as it appears on the face of the within Note in every particular, without alteration, enlargement
or any change whatsoever.

 

    	 	A-3-8	2014-1 Indenture Supplement

    	 

    

 

EXHIBIT B

 

Form of Monthly Servicer’s Certificate

 

GE Dealer Floorplan Master Note Trust

Series 2014-1

 

	Payment Date:	[•]
	Collection Period Ended:	[•]
	Closing Date:	July 22, 2014
	Next Payment Date:	[•]
	Expected Principal Payment Date:	July 2017 Payment Date
	Final Maturity Date:	July 2019 Payment Date

 

	Note Payment Detail
	Class	 	CUSIP	 	 	
        Interest

        Rate
	 	 	Original
 Balance

	 	 	Beginning
 Balance

	 	 	Principal
 Payment
 Amount

	 	 	Interest
 Payment
 Amount

	 	 	Total Principal
 and Interest
 Amount

	 	 	Ending
 Balance

	 
	A	 	None	 	 	[·]	%	 	$	[·]	 	 	$	[·]	 	 	$	[·]	 	 	$	[·]	 	 	$	[·]	 	 	$	[·]	 
	B	 	None	 	 	[·]	%	 	 	[·]	 	 	 	[·]	 	 	 	[·]	 	 	 	[·]	 	 	 	[·]	 	 	 	[·]	 
	C	 	None	 	 	[·]	%	 	 	[·]	 	 	 	[·]	 	 	 	[·]	 	 	 	[·]	 	 	 	[·]	 	 	 	[·]	 
	TOTALS	 	 	 	 	 	 	 	$	
        [·]
	 	 	$	
        [·]
	 	 	 $	
        [·]
	 	 	$	
        [·]
	 	 	$	
        [·]
	 	 	$	
        [·]
	 

 

	Combined Outstanding Principal Balance	 	 	 	 
	 	 	 	 	 
	Beginning Combined Outstanding Principal Balance	 	$	[·]	 
	New Volume	 	 	[·]	 
	Principal Collections	 	 	[·]	 
	Default Amount	 	 	[·]	 
	Ending Combined Outstanding Principal Balance	 	$	[·]	 
	 	 	 	 	 
	Aggregate Principal Receivables	 	 	 	 
	Ending Combined Outstanding Principal Balance	 	$	[·]	 
	Adjustment for charged-off Receivables	 	$	[·]	 
	Aggregate Principal Receivables	 	 	 	 
	 	 	 	 	 
	Overconcentrations	 	 	 	 
	 	 	 	 	 
	Product Line Overconcentrations	 	$	[·]	 
	Dealer Overconcentrations	 	$	[·]	 
	Manufacturer Overconcentrations	 	 	[·]	 
	 	 	 	 	 
	Discount Factor	 	 	[·]	%

 

    	 	B-1	2014-1 Indenture Supplement

    	 

    

  

Collections

 

	 	 	 	
        Total
	 	 	 	
        Overconcentrations
	 	 	 	
        Net of

        Overconcentrations
	 
	Principal Collections	 	 	[·]	 	 	 	[·]	 	 	 	[·]	 
	Non Principal Collections	 	 	[·]	 	 	 	[·]	 	 	 	[·]	 
	Total Collections	 	$	
        [·]
	 	 	$	
        [·]
	 	 	$	
        [·]
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Defaults	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Default Amount	 	$	[·]	 	 	$	[·]	 	 	$	[·]	 

 

	Asset Performance	 	 	 	 
	 	 	 	 	 
	Annualized Yield	 	 	[·]	%
	Payment Rate	 	 	[·]	%
	Default Rate	 	 	[·]	%
	 	 	 	 	 
	Series Allocations	 	 	 	 
	 	 	 	 	 
	Allocation Percentage for Non Principal Collections and Default Amount	 	 	[·]	%
	Allocation Percentage for Principal Collections	 	 	[·]	%
	Non Principal Collections Allocated to Series	 	$	[·]	 
	Principal Collections Allocated to Series	 	$	[·]	 
	Default Amount Allocated to Series	 	$	[·]	 
	 	 	 	 	 
	Application of Available Non Principal Collections	 	 	 	 
	 	 	 	 	 
	Non Principal Collections Allocated to Series	 	$	[·]	 
	Investment Earnings in Principal and Reserve Accounts	 	$	[·]	 
	Aggregate Excess Non Principal Collections Applied to Non Principal Shortfall for Series	 	$	[·]	 
	Available Non Principal Collections Allocated to Series	 	$	[·]	 
	(i)           (A)          Amount to Indenture Trustee	 	$	[·]	 
	(B)          Amount to Trustee	 	$	[·]	 
	(C)          Amount to Administrator	 	$	[·]	 
	(D)          Amount to Custodian	 	$	[·]	 
	(ii)          Noteholder Servicing Fee	 	$	[·]	 
	Unpaid Servicer Advances and interest thereon	 	$	[·]	 
	(iii)         Class A Monthly Interest	 	$	[·]	 
	(iv)         Class B Monthly Interest	 	$	[·]	 
	(v)          Class C Monthly Interest	 	$	[·]	 
	(vi)         Investor Default Amount (treated as Available Principal Collections)	 	$	[·]	 
	(vii)        Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections	 	$	[·]	 
	(viii)      Amount Required to be Deposited to the Reserve Account	 	$	[·]	 
	(ix)         Remaining Amounts due to Indenture Trustee, Trustee, Administrator, and Custodian	 	$	[·]	 
	              Indenture Trustee[·], Trustee [·], Administrator [·], Custodian [·]	 	$	[·]	 
	(x)          Amounts otherwise required to be Deposited to Principal Account	 	$	[·]	 
	(xi)         (If Early Amortization Period has not occurred) Release to Issuer to make

 required yield payments on the Principal Overcollateralization Amount	 	$	[·]	 
	 	 	 	 	 
	Excess Non Principal Collections for Series 20[·]-[·]	 	$	[·]	 
	[Include rows for each outstanding series]	 	$	[·]	 
	 	 	 	
	

	Total Excess Non Principal Collections	 	$	
        [·]
	

	 	 	 	 	 
	Non Principal Shortfalls for Series 20[·]-[·]	 	$	[·]	 
	[Include rows for each outstanding series]	 	$	
        [·]
	

	 	 	 	 	 
	Total Non Principal Shortfalls	 	$	[·]	 
	 	 	 	 	 
	Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 20[·]-[·]	 	$	[·]	 
	 	 	 	 	 
	[Include rows for each outstanding series]	 	$	[·]	 
	 	 	 	
	

	Total Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls	 	$	
        [·]
	

	 	 	 	
	

	Released to Transferor	 	$	
        [·]
	

 

    	 	B-2	2014-1 Indenture Supplement

    	 

    

  

	Application of Available Principal Collections	 	 	 	 
	 	 	 	 	 
	Revolving Period	 	 	 	 
	 	 	 	 	 
	Principal Collections Allocated to Series	 	$	[·]	 
	Investor Default Amount and Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections	 	$	[·]	 
	Available Principal Collections Treated as Shared Principal Collections	 	$	[·]	 
	 	 	 	 	 
	Controlled Accumulation Period	 	$	[·]	 
	 	 	 	 	 
	Principal Collections Allocated to Series	 	$	[·]	 
	Investor Default Amount and Sum of Unreimbursed Investor Charge-Offs and Reallocated Principal Collections	 	$	[·]	 
	Aggregate Shared Principal Collections applied to Principal Shortfall for Series	 	$	[·]	 
	 	 	 	 	 
	(i)           Monthly Principal Deposited into the Principal Account	 	$	[·]	 
	(ii)          Monthly Principal Deposited to Distribution Account and paid to Noteholders	 	$	[·]	 
	Class A   [·],        Class B   [·],        Class C  [·]	 	$	[·]	 
	(iii)         Principal Overcollateralization Amount	 	$	[·]	 
	(iv)         Amounts Remaining as Shared Principal Collections	 	$	[·]	 
	 	 	 	 	 
	Early Amortization Period	 	$	[·]	 
	 	 	 	 	 
	Principal Collections Allocated to Series	 	$	[·]	 
	Investor Default Amount and Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections	 	$	[·]	 
	Aggregate Shared Principal Collections applied to Principal Shortfall for Series	 	$	[·]	 
	(i)           Monthly Principal Deposited into the Principal Account	 	$	[·]	 
	(ii)          Monthly Principal Deposited to Distribution Account and paid to Noteholders:	 	$	[·]	 
	Class A   [·],        Class B   [·],        Class C   [·]	 	$	[·]	 
	(iii)         Principal Overcollateralization Amount	 	 	 	 
	(iv)         Amounts Remaining as Shared Principal Collections	 	$	[·]	 
	 	 	 	 	 
	Shared Principal Collections for Principal Sharing Series	 	 	 	 
	 	 	 	 	 
	Aggregate Shared Principal Collections for Principal Sharing Series	 	$	[·]	 
	Aggregate Principal Shortfall for Principal Sharing Series	 	$	[·]	 
	Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 20[·]-[·]	 	$	[·]	 
	[Include rows for each outstanding series]	 	$	[·]	 
	Amount Deposited into the Excess Funding Account	 	$	[·]	 
	Released to Issuer	 	$	[·]	 
	 	 	 	 	 
	Credit Enhancement (Series Level)	 	 	 	 
	 	 	 	 	 
	Required Reserve Account	 	 	 	 
	Required Reserve Account Percentage	 	 	[·]	%
	Note Principal Balance	 	$	 	 
	 	 	 	 	 
	Required Reserve Account Amount	 	$	[·]	 
	Reserve Account Investment Earnings 	 	$	[·]	 
	Beginning Reserve Account Amount	 	$	[·]	 
	Reserve Account Deposits	 	$	[·]	 
	 	 	 	 	 
	Reserve Account Withdrawals	 	$	[·]	 
	 	 	 	 	 
	Ending Reserve Account Amount	 	$	[·]	 
	Reserve Account Deficiency 	 	$	[·]	 
	 	 	 	 	 
	Principal Overcollateralization Amount	 	$	[·]	 

 

    	 	B-3	2014-1 Indenture Supplement

    	 

    

  

	Non Principal Account (Series Level Account)	 	$	[·]	 
	 	 	 	 	 
	Beginning Balance 	 	$	[·]	 
	Deposits	 	$	[·]	 
	Disbursements 	 	$	[·]	 
	Ending Balance	 	$	[·]	 
	 	 	 	 	 
	Principal Account (Series Level Account)	 	$	[·]	 
	 	 	 	 	 
	Principal Account Investment Earnings	 	$	[·]	 
	Beginning Balance	 	$	[·]	 
	Deposits	 	$	[·]	 
	Disbursements	 	$	[·]	 
	Ending Balance	 	$	[·]	 
	 	 	 	 	 
	Free Equity Amount (Trust Level)	 	$	[·]	 
	 	 	 	 	 
	Note Trust Principal Balance	 	$	[·]	 
	Note Principal Balance	 	$	[·]	 
	Principal Overcollateralization Amount	 	$	[·]	 
	Excess Investor Charge-offs & Reallocated Principal Collections	 	$	[·]	 
	Aggregate Collateral Amount for all Series of Notes outstanding	 	$	[·]	 
	Free Equity Amount	
	$	
        [·]
	

	Minimum Free Equity Percentage	 	 	[·]	%
	Total Overconcentration	
	
        $
	
        [·]
	

	Minimum Free Equity Amount	
	$	
        [·]
	

	 	
	 	
	

	Excess Funding Account (Trust Level Account)	 	$	[·]	 
	 	 	 	 	 
	Excess Funding Account Investment Earnings	 	$	[·]	 
	Beginning Balance	 	$	[·]	 
	Deposits	 	$	[·]	 
	Disbursements	 	$	[·]	 
	Ending Balance	 	$	[·]	 
	 	 	 	 	 
	Summary of Allocation of Collections	 	$	[·]	 
	 	 	 	 	 
	Total Principal Collections	 	$	[·]	 
	Principal Collections Allocated to Series 20[·]-[·]	 	$	[·]	 
	[Include rows for each outstanding series]	 	$	[·]	 
	Principal Collections Not Allocated to Any Series and Released to Issuer	
	$	
        [·]
	

	 	
	 	
	

	Total Non Principal Collections	 	$	[·]	 
	 	 	 	 	 
	Non Principal Collections Allocated to Series 20[·]-[·]	 	$	[·]	 
	[Include rows for each outstanding series]	
	$	
        [·]
	

	Principal Collections Not Allocated to Any Series and Released to Issuer	 	$	[·]	 

 

	Performance	 	 	 
	 	 	 	 
	(1)          Are there any material modifications, extensions, or waivers to pool assets?	 	[Y/N]	 
	 	 	 	 
	(2)          Are there any material breaches of pool assets representations and warranties or covenants?	 	[Y/N]	 
	 	 	 	 
	(3)          Are there any changes in criteria used to originate, acquire, or select new pool assets?	 	[Y/N]	 
	 	 	 	 
	(4)          Has the master servicer made any Servicer Advances during the previous collection period?	 	[Y/N]	 
	 	 	 	 
	(5)          Has an early amortization event occurred?	 	[Y/N]	 
	 	 	 	 
	(6)          Have any Payment Rate Triggers been met?	 	[Y/N]	 

 

    	 	B-4	2014-1 Indenture Supplement

    	 

    

 

	Current Monthly Payment Rate	 	[·]	%	 	 	 	 
	Prior Monthly Payment Rate	 	[·]	%	 	 	 	 
	Second Prior Monthly Payment Rate	
	
        [·]
	%	 	 	 	 
	3 Month Average Monthly Payment Rate	 	[·]	%	 	 	 	 
	 	 	 	 		 	 	 
	(7)          Has the Default Rate Trigger been met?	 	 	 	 	 	[Y/N]	 
	 	 	 	 	 	 	 	 
	Current Monthly Default Rate	 	[·]	%	 	 	 	 
	Prior Monthly Default Rate	 	[·]	%	 	 	 	 
	Second Prior Monthly Default Rate	
	
        [·]
	%	 	 	 	 
	3 Month Average Monthly Default Rate	 	[·]	%	 	 	 	 
	 	 	 	 	 	 	 	 
	(8)          Is Reserve Account balance less than Reserve Account trigger?	 	 	 	 	 	[Y/N]	 
	 	 	 	 	 	 	 	 
	Reserve Account balance	 	[·]	%	 	 	 	 
	(A) Required Reserve Account Percentage minus 0.25%	 	[·]	%	 	 	 	 
	times (B) Note Principal Balance	
	
        [·]
	%	 	 	 	 
	Reserve Account trigger	 	[·]	%	 	 	 	 
	 	 	 	 	 	 	 	 
	(9)          Is the sum of all investments held in trust accounts of the Issuer more than 50% of the assets of the Issuer on each of 6 or more consecutive monthly determination dates?	 	 	 	 	 	[Y/N]	 
	 	 	 	 	 	 	 	 
	Current Month	 	[·]	%	 	 	 	 
	 	 	 	 	 	 	 	 
	(10)        Have any new series been issued during the related monthly collection period?	 	 	 	 	 	[Y/N]	 
	 	 	 	 	 	 	 	 
	(11)        Have any account additions or account removals (other than Inactive Accounts) occurred during the related monthly collection period?	 	 	 	 	 	[Y/N]	 
	 	 	 	 	 	 	 	 
	   Number of accounts added/(removed)	 	 	 	 	 	[·]	 
	   Outstanding balance of Principal Receivables in such added/(removed) accounts	 	 	 		$	[·]	 

 

Delinquency 

 

	Days Outstanding	 	Amount
 (Dollars in Millions)

	 	 	Percentage of Total
 Receivables Outstanding

	 
	30-59	 	$	[·]	 	 	 	[·]	%
	60-89	 	$	[·]	 	 	 	[·]	%
	90-119	 	$	[·]	 	 	 	[·]	%
	120-149	 	$	[·]	 	 	 	[·]	%
	150-179	 	$	[·]	 	 	 	[·]	%
	180+	 	$	
        [·]
	 	 	 	
        [·]
	%
	*Total	 	$	
        [·]
	 	 	 	
        [·]
	%

 

*Figures may not foot due to rounding

 

    	 	B-5	2014-1 Indenture Supplement

    	 

    

 

IN WITNESS WHEREOF,
the undersigned has duly executed this Monthly Noteholder’s Statement as of the [•] day of [•] 20[••].

 

	 	General Electric Capital Corporation,
	 	as Master Servicer
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	 	B-6	2014-1 Indenture SupplementEX-10.1

 EXECUTION VERSION 

 
  

CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. 

AND 
 CERTAIN OF ITS
SUBSIDIARIES, 
 as Borrowers 

CERTAIN OF ITS OTHER SUBSIDIARIES, 

as Guarantors 
  

 
 SECOND AMENDED AND RESTATED

 CREDIT AGREEMENT 

Dated as of July 14, 2014 

$1,000,000,000 
  

 
 CERTAIN FINANCIAL INSTITUTIONS,

 as Lenders, 
 BANK OF
AMERICA, N.A., 
 as Agent, 

JPMORGAN CHASE BANK, N.A., 

as Co-Syndication Agent, 
 WELLS
FARGO CAPITAL FINANCE, LLC, 
 as Co-Syndication Agent, 

U.S. BANK NATIONAL ASSOCIATION, 

as Co-Documentation Agent, 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 

as Co-Documentation Agent 
 and

 BANK OF AMERICA, N.A., 

J.P. MORGAN SECURITIES LLC 

and 
 WELLS FARGO CAPITAL
FINANCE, LLC 
 as Joint Lead Arrangers and Joint Book Runners 
  

 

 TABLE OF CONTENTS 

 

									
	SECTION 1.	 	 DEFINITIONS; RULES OF CONSTRUCTION
	  	 	1	  
	 1.1
	 	 Definitions
	  	 	1	  
	 1.2
	 	 Accounting Terms
	  	 	49	  
		 	 1.2.1
	  	 Generally
	  	 	49	  
		 	 1.2.2
	  	 Changes in GAAP
	  	 	49	  
	 1.3
	 	 Certain Matters of Construction
	  	 	50	  
	 1.4
	 	 Proportionate Adjustment
	  	 	50	  
	 1.5
	 	 Currency Equivalents
	  	 	51	  
		 	 1.5.1
	  	 Calculations
	  	 	51	  
		 	 1.5.2
	  	 Judgments
	  	 	51	  
	 1.6
	 	 Additional Alternate Currencies
	  	 	51	  
			
	SECTION 2.	 	 CREDIT FACILITIES
	  	 	52	  
	 2.1
	 	 Revolver Commitment
	  	 	52	  
		 	 2.1.1
	  	 Revolver Loans
	  	 	52	  
		 	 2.1.2
	  	 Revolver Notes
	  	 	52	  
		 	 2.1.3
	  	 Voluntary Reduction or Termination of Revolver Commitments
	  	 	52	  
		 	 2.1.4
	  	 Overadvances
	  	 	52	  
		 	 2.1.5
	  	 Protective Advances
	  	 	53	  
	 2.2
	 	 Incremental Availability
	  	 	53	  
		 	 2.2.1
	  	 Request for Increase
	  	 	53	  
		 	 2.2.2
	  	 Lender Elections to Increase
	  	 	53	  
		 	 2.2.3
	  	 Notification by Administrative Agent; Additional Lenders
	  	 	53	  
		 	 2.2.4
	  	 Effective Date and Allocations
	  	 	53	  
		 	 2.2.5
	  	 Conditions to Effectiveness of Increase
	  	 	54	  
		 	 2.2.6
	  	 Pricing
	  	 	54	  
		 	 2.2.7
	  	 Amendments
	  	 	54	  
		 	 2.2.8
	  	 Conflicting Provisions
	  	 	54	  
	 2.3
	 	 Letter of Credit Facility
	  	 	54	  
		 	 2.3.1
	  	 Issuance of Letters of Credit
	  	 	54	  
		 	 2.3.2
	  	 Reimbursement; Participations
	  	 	56	  
		 	 2.3.3
	  	 Cash Collateral
	  	 	57	  
		 	 2.3.4
	  	 Resignation of Issuing Bank
	  	 	57	  
			
	SECTION 3.	 	 INTEREST, FEES AND CHARGES
	  	 	58	  
	 3.1
	 	 Interest
	  	 	58	  
		 	 3.1.1
	  	 Rates and Payment of Interest
	  	 	58	  
		 	 3.1.2
	  	 Application of LIBOR to Outstanding Loans
	  	 	58	  
		 	 3.1.3
	  	 Interest Periods
	  	 	59	  
		 	 3.1.4
	  	 Interest Rate Not Ascertainable
	  	 	59	  
	 3.2
	 	 Fees
	  	 	59	  
		 	 3.2.1
	  	 Unused Line Fee
	  	 	59	  
		 	 3.2.2
	  	 LC Facility Fees
	  	 	60	  
		 	 3.2.3
	  	 Other Fees
	  	 	60	  
	 3.3
	 	 Computation of Interest, Fees, Yield Protection
	  	 	60	  
	 3.4
	 	 Reimbursement Obligations
	  	 	60	  
	 3.5
	 	 Illegality
	  	 	61	  
	 3.6
	 	 Increased Costs
	  	 	62	  
		 	 3.6.1
	  	 Increased Costs Generally
	  	 	62	  
		 	 3.6.2
	  	 Capital Requirements, etc.
	  	 	62	  
		 	 3.6.3
	  	 Certificates for Reimbursement
	  	 	62	  
		 	 3.6.4
	  	 Delay in Requests
	  	 	62	  
		 	 3.6.5
	  	 Reserves on LIBOR Loans
	  	 	63	  

  
 i 

									
	 3.7
	 	 Mitigation
	  	 	63	  
		 	 3.7.1
	  	 Designation of a Different Lending Office
	  	 	63	  
		 	 3.7.2
	  	 Replacement of Lenders
	  	 	63	  
	 3.8
	 	 Funding Losses
	  	 	63	  
	 3.9
	 	 Maximum Interest
	  	 	64	  
			
	SECTION 4.	 	 LOAN ADMINISTRATION
	  	 	64	  
	 4.1
	 	 Manner of Borrowing and Funding Revolver Loans
	  	 	64	  
		 	 4.1.1
	  	 Notice of Borrowing
	  	 	64	  
		 	 4.1.2
	  	 Fundings by Lenders
	  	 	65	  
		 	 4.1.3
	  	 Swingline Loans; Settlement
	  	 	65	  
		 	 4.1.4
	  	 Telephonic Notices
	  	 	67	  
		 	 4.1.5
	  	 Electronic Notices
	  	 	67	  
	 4.2
	 	 Defaulting Lender
	  	 	67	  
		 	 4.2.1
	  	 Reallocation of Pro Rata Share; Amendments
	  	 	67	  
		 	 4.2.2
	  	 Payments; Fees
	  	 	67	  
		 	 4.2.3
	  	 Status; Cure
	  	 	68	  
	 4.3
	 	 Number and Amount of LIBOR Loans; Determination of Rate
	  	 	68	  
	 4.4
	 	 Borrower Agent
	  	 	68	  
		 	 4.4.1
	  	 Designation
	  	 	68	  
		 	 4.4.2
	  	 Reliance, etc.
	  	 	68	  
	 4.5
	 	 One Obligation
	  	 	68	  
	 4.6
	 	 Effect of Termination; Survival
	  	 	69	  
			
	SECTION 5.	 	 PAYMENTS
	  	 	69	  
	 5.1
	 	 General Payment Provisions
	  	 	69	  
	 5.2
	 	 Repayment of Revolver Loans
	  	 	69	  
	 5.3
	 	 Payment of Other Obligations
	  	 	70	  
	 5.4
	 	 Marshaling; Payments Set Aside
	  	 	70	  
	 5.5
	 	 Application and Allocation of Payments
	  	 	70	  
		 	 5.5.1
	  	 Application
	  	 	70	  
		 	 5.5.2
	  	 Post-Default Allocation
	  	 	70	  
		 	 5.5.3
	  	 Erroneous Application
	  	 	71	  
	 5.6
	 	 Application of Payments
	  	 	71	  
	 5.7
	 	 Loan Account; Account Stated
	  	 	72	  
		 	 5.7.1
	  	 Loan Account
	  	 	72	  
		 	 5.7.2
	  	 Entries Binding
	  	 	72	  
	 5.8
	 	 Taxes
	  	 	72	  
		 	 5.8.1
	  	 Payments Free of Taxes; Obligation to Withhold; Tax Payment
	  	 	72	  
		 	 5.8.2
	  	 Payment of Other Taxes
	  	 	72	  
		 	 5.8.3
	  	 Tax Indemnification
	  	 	72	  
		 	 5.8.4
	  	 Evidence of Payments
	  	 	73	  
		 	 5.8.5
	  	 Treatment of Certain Refunds
	  	 	73	  
		 	 5.8.6
	  	 Survival
	  	 	73	  
		 	 5.8.7
	  	 Definitions
	  	 	73	  
	 5.9
	 	 Lender Tax Information
	  	 	74	  
		 	 5.9.1
	  	 Status of Lenders
	  	 	74	  
		 	 5.9.2
	  	 Documentation
	  	 	74	  
		 	 5.9.3
	  	 Redelivery of Documentation
	  	 	75	  
	 5.10
	 	 Nature and Extent of Each Borrower’s Liability
	  	 	75	  
		 	 5.10.1
	  	 Joint and Several Liability
	  	 	75	  
		 	 5.10.2
	  	 Waivers
	  	 	76	  

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page ii 

									
		 	 5.10.3
	  	 Extent of Liability; Contribution
	  	 	77	  
		 	 5.10.4
	  	 Joint Enterprise
	  	 	78	  
			
	SECTION 6.	 	 CONDITIONS PRECEDENT
	  	 	78	  
	 6.1
	 	 Conditions Precedent to Initial Credit Extension
	  	 	78	  
	 6.2
	 	 Conditions Precedent to All Credit Extensions
	  	 	81	  
	 6.3
	 	 Limited Waiver of Conditions Precedent
	  	 	82	  
			
	SECTION 7.	 	 COLLATERAL ADMINISTRATION
	  	 	82	  
	 7.1
	 	 Borrowing Base Certificates
	  	 	82	  
	 7.2
	 	 Administration of Accounts, etc.
	  	 	82	  
		 	 7.2.1
	  	 Records and Schedules of Accounts, etc.
	  	 	82	  
		 	 7.2.2
	  	 Account Verification
	  	 	82	  
		 	 7.2.3
	  	 Maintenance of Dominion Account
	  	 	83	  
		 	 7.2.4
	  	 Proceeds of Collateral
	  	 	83	  
		 	 7.2.5
	  	 Bank Products
	  	 	83	  
	 7.3
	 	 Administration of Inventory
	  	 	83	  
		 	 7.3.1
	  	 Records and Reports of Inventory
	  	 	83	  
		 	 7.3.2
	  	 Returns of Inventory
	  	 	84	  
	 7.4
	 	 Administration of Deposit Accounts
	  	 	84	  
	 7.5
	 	 General Provisions
	  	 	84	  
		 	 7.5.1
	  	 Location of Collateral
	  	 	84	  
		 	 7.5.2
	  	 Insurance of Collateral; Condemnation Proceeds
	  	 	84	  
		 	 7.5.3
	  	 Protection of Collateral
	  	 	85	  
		 	 7.5.4
	  	 Defense of Title to Collateral
	  	 	85	  
	 7.6
	 	 Power of Attorney
	  	 	85	  
			
	SECTION 8.	 	 REPRESENTATIONS AND WARRANTIES
	  	 	86	  
	 8.1
	 	 General Representations and Warranties
	  	 	86	  
		 	 8.1.1
	  	 Existence, Qualification and Power; Compliance with Applicable Laws
	  	 	86	  
		 	 8.1.2
	  	 Authorization; No Contravention
	  	 	86	  
		 	 8.1.3
	  	 Governmental Authorization and Approvals; Other Consents
	  	 	86	  
		 	 8.1.4
	  	 Binding Effect
	  	 	87	  
		 	 8.1.5
	  	 Financial Statements; No Material Adverse Effect
	  	 	87	  
		 	 8.1.6
	  	 Litigation
	  	 	88	  
		 	 8.1.7
	  	 No Default
	  	 	88	  
		 	 8.1.8
	  	 Ownership of Property; Liens
	  	 	88	  
		 	 8.1.9
	  	 Environmental Compliance
	  	 	88	  
		 	 8.1.10
	  	 Insurance
	  	 	89	  
		 	 8.1.11
	  	 Taxes
	  	 	89	  
		 	 8.1.12
	  	 ERISA Compliance
	  	 	89	  
		 	 8.1.13
	  	 Capital Structure/Subsidiaries
	  	 	90	  
		 	 8.1.14
	  	 Margin Regulations; Investment Company Act
	  	 	91	  
		 	 8.1.15
	  	 Disclosure
	  	 	91	  
		 	 8.1.16
	  	 Compliance with Laws
	  	 	91	  
		 	 8.1.17
	  	 Intellectual Property
	  	 	91	  
		 	 8.1.18
	  	 Solvency
	  	 	92	  
		 	 8.1.19
	  	 Business Locations, Etc.
	  	 	92	  
		 	 8.1.20
	  	 Collateral Documents
	  	 	92	  
		 	 8.1.21
	  	 Accounts
	  	 	92	  
		 	 8.1.22
	  	 No Conflict with MLP Partnership Agreement
	  	 	93	  
		 	 8.1.23
	  	 Borrowing Base Assets
	  	 	93	  
		 	 8.1.24
	  	 Anti-Corruption Laws and Sanctions
	  	 	94	  
	 8.2
	 	 Complete Disclosure
	  	 	94	  

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page iii 

									
			
	SECTION 9.	 	 COVENANTS AND CONTINUING AGREEMENTS
	  	 	94	  
	 9.1
	 	 Affirmative Covenants
	  	 	94	  
		 	 9.1.1
	  	 Financial Statements
	  	 	94	  
		 	 9.1.2
	  	 Certificates; Other Information
	  	 	95	  
		 	 9.1.3
	  	 Notices and Information
	  	 	97	  
		 	 9.1.4
	  	 Payment of Obligations
	  	 	98	  
		 	 9.1.5
	  	 Preservation of Existence, Licenses, Etc.
	  	 	98	  
		 	 9.1.6
	  	 Maintenance of Properties
	  	 	98	  
		 	 9.1.7
	  	 Maintenance of Insurance
	  	 	98	  
		 	 9.1.8
	  	 Compliance with Laws and Material Contractual Obligations
	  	 	99	  
		 	 9.1.9
	  	 Books and Records
	  	 	99	  
		 	 9.1.10
	  	 Inspection Rights
	  	 	99	  
		 	 9.1.11
	  	 Use of Proceeds
	  	 	100	  
		 	 9.1.12
	  	 Additional Borrowers or Guarantors; Acquired Assets
	  	 	100	  
		 	 9.1.13
	  	 Certain Pledged Assets
	  	 	101	  
		 	 9.1.14
	  	 Landlord and Storage Agreements
	  	 	102	  
		 	 9.1.15
	  	 Bank Products
	  	 	102	  
		 	 9.1.16
	  	 Clean Down of Distribution Revolver Loans
	  	 	102	  
	 9.2
	 	 Negative Covenants
	  	 	102	  
		 	 9.2.1
	  	 Liens
	  	 	102	  
		 	 9.2.2
	  	 Investments
	  	 	106	  
		 	 9.2.3
	  	 Indebtedness
	  	 	108	  
		 	 9.2.4
	  	 Fundamental Changes
	  	 	111	  
		 	 9.2.5
	  	 Dispositions
	  	 	112	  
		 	 9.2.6
	  	 Restricted Payments
	  	 	114	  
		 	 9.2.7
	  	 Change in Nature of Business; Name, Etc.
	  	 	115	  
		 	 9.2.8
	  	 Transactions with Affiliates
	  	 	116	  
		 	 9.2.9
	  	 Burdensome Agreements
	  	 	117	  
		 	 9.2.10
	  	 Use of Proceeds
	  	 	117	  
		 	 9.2.11
	  	 Prepayment of Other Indebtedness
	  	 	117	  
		 	 9.2.12
	  	 Organization Documents; Fiscal Year; Accounting Practices
	  	 	118	  
		 	 9.2.13
	  	 Ownership of Obligors
	  	 	118	  
	 9.3
	 	 Financial Covenants
	  	 	118	  
		 	 9.3.1
	  	 Fixed Charge Coverage Ratio
	  	 	118	  
	 9.4
	 	 Designation of Unrestricted Subsidiaries and Restricted Subsidiaries
	  	 	118	  
		 	 9.4.1
	  	 Designation of Unrestricted Subsidiaries
	  	 	118	  
		 	 9.4.2
	  	 Characterization of Investment in Unrestricted Subsidiaries
	  	 	119	  
		 	 9.4.3
	  	 Effect of Designation of Unrestricted Subsidiaries
	  	 	119	  
		 	 9.4.4
	  	 Re-designation of an Unrestricted Subsidiary as a Restricted Subsidiary
	  	 	120	  
		 	 9.4.5
	  	 Certain Undertakings Relating to the Separateness of Unrestricted Subsidiaries
	  	 	120	  
	 9.5
	 	 Covenants relating to MLP Subsidiaries
	  	 	121	  
			
	SECTION 10.	 	 EVENTS OF DEFAULT; REMEDIES ON DEFAULT
	  	 	121	  
	 10.1
	 	 Events of Default
	  	 	121	  
	 10.2
	 	 Remedies upon Default
	  	 	124	  
	 10.3
	 	 License
	  	 	125	  
	 10.4
	 	 Setoff
	  	 	125	  
	 10.5
	 	 Remedies Cumulative; No Waiver
	  	 	125	  
		 	 10.5.1
	  	 Cumulative Rights
	  	 	125	  
		 	 10.5.2
	  	 Waivers
	  	 	126	  

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page iv 

									
			
	SECTION 11.	 	 AGENT
	  	 	126	  
	 11.1
	 	 Appointment, Authority and Duties of Agent
	  	 	126	  
		 	 11.1.1
	  	 Appointment and Authority
	  	 	126	  
		 	 11.1.2
	  	 Duties
	  	 	127	  
		 	 11.1.3
	  	 Agent Professionals
	  	 	127	  
		 	 11.1.4
	  	 Instructions of Required Lenders
	  	 	127	  
	 11.2
	 	 Agreements Regarding Collateral and Field Examination Reports
	  	 	127	  
		 	 11.2.1
	  	 Lien Releases; Care of Collateral
	  	 	127	  
		 	 11.2.2
	  	 Possession of Collateral
	  	 	128	  
		 	 11.2.3
	  	 Reports
	  	 	128	  
	 11.3
	 	 Reliance By Agent
	  	 	128	  
	 11.4
	 	 Action Upon Default
	  	 	128	  
	 11.5
	 	 Ratable Sharing
	  	 	129	  
	 11.6
	 	 Indemnification of Agent Indemnitees
	  	 	129	  
		 	 11.6.1
	  	 Indemnification
	  	 	129	  
		 	 11.6.2
	  	 Proceedings
	  	 	129	  
	 11.7
	 	 Limitation on Responsibilities of Agent
	  	 	129	  
	 11.8
	 	 Successor Agent and Co-Agents
	  	 	130	  
		 	 11.8.1
	  	 Resignation; Successor Agent
	  	 	130	  
		 	 11.8.2
	  	 Co-Collateral Agent
	  	 	130	  
	 11.9
	 	 Due Diligence and Non-Reliance
	  	 	130	  
	 11.10
	 	 Remittance of Payments and Collections
	  	 	131	  
		 	 11.10.1
	  	 Remittances Generally
	  	 	131	  
		 	 11.10.2
	  	 Failure to Pay
	  	 	131	  
		 	 11.10.3
	  	 Recovery of Payments
	  	 	131	  
	 11.11
	 	 Individual Capacities
	  	 	131	  
	 11.12
	 	 Titles
	  	 	131	  
	 11.13
	 	 Bank Product Providers
	  	 	132	  
	 11.14
	 	 No Third Party Beneficiaries
	  	 	132	  
			
	SECTION 12.	 	 BENEFIT OF AGREEMENT; ASSIGNMENTS AND PARTICIPATIONS
	  	 	132	  
	 12.1
	 	 Successors and Assigns
	  	 	132	  
	 12.2
	 	 Participations
	  	 	132	  
		 	 12.2.1
	  	 Permitted Participants; Effect
	  	 	132	  
		 	 12.2.2
	  	 Voting Rights
	  	 	132	  
		 	 12.2.3
	  	 Benefit of Set-Off
	  	 	133	  
		 	 12.2.4
	  	 Participation Register
	  	 	133	  
	 12.3
	 	 Assignments
	  	 	133	  
		 	 12.3.1
	  	 Permitted Assignments
	  	 	133	  
		 	 12.3.2
	  	 Effect; Effective Date
	  	 	133	  
		 	 12.3.3
	  	 Certain Assignees
	  	 	133	  
		 	 12.3.4
	  	 Register
	  	 	134	  
	 12.4
	 	 Tax Treatment
	  	 	134	  
	 12.5
	 	 Representation of Lenders
	  	 	134	  
			
	SECTION 13.	 	 MISCELLANEOUS
	  	 	134	  
	 13.1
	 	 Consents, Amendments and Waivers
	  	 	134	  
		 	 13.1.1
	  	 Amendment
	  	 	134	  
		 	 13.1.2
	  	 Limitations
	  	 	136	  
		 	 13.1.3
	  	 Payment for Consents
	  	 	136	  
	 13.2
	 	 General Indemnity
	  	 	136	  
	 13.3
	 	 Reimbursement by Lenders
	  	 	137	  

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page v 

									
	 13.4
	 	 Notices and Communications
	  	 	137	  
		 	 13.4.1
	  	 Notices Generally
	  	 	137	  
		 	 13.4.2
	  	 Electronic Communications
	  	 	138	  
		 	 13.4.3
	  	 The Platform
	  	 	138	  
		 	 13.4.4
	  	 Change of Address, Etc.
	  	 	139	  
		 	 13.4.5
	  	 Reliance by Agent, Issuing Bank and Lenders
	  	 	139	  
		 	 13.4.6
	  	 Non-Conforming Communications
	  	 	140	  
	 13.5
	 	 Performance of Borrowers’ Obligations
	  	 	140	  
	 13.6
	 	 Credit Inquiries
	  	 	140	  
	 13.7
	 	 Severability
	  	 	140	  
	 13.8
	 	 Cumulative Effect; Conflict of Terms
	  	 	140	  
	 13.9
	 	 Counterparts; Facsimile Signatures
	  	 	141	  
	 13.10
	 	 Time of the Essence
	  	 	141	  
	 13.11
	 	 Obligations of Lenders
	  	 	141	  
	 13.12
	 	 Confidentiality
	  	 	141	  
	 13.13
	 	 GOVERNING LAW
	  	 	142	  
	 13.14
	 	 SUBMISSION TO JURISDICTION; WAIVER OF VENUE OBJECTION; SERVICE OF PROCESS
	  	 	142	  
		 	 13.14.1
	  	 SUBMISSION TO JURISDICTION
	  	 	142	  
		 	 13.14.2
	  	 WAIVER OF VENUE OBJECTION
	  	 	143	  
		 	 13.14.3
	  	 SERVICE OF PROCESS
	  	 	143	  
	 13.15
	 	 Waivers by Obligors
	  	 	143	  
	 13.16
	 	 Patriot Act Notice
	  	 	143	  
	 13.17
	 	 Replacement of Certain Lenders
	  	 	144	  
	 13.18
	 	 Subordination
	  	 	144	  
	 13.19
	 	 No Advisory or Fiduciary Relationship
	  	 	145	  
	 13.20
	 	 ENTIRE AGREEMENT
	  	 	145	  
	 13.21
	 	 Amendment and Restatement, etc.
	  	 	145	  
	 13.22
	 	 Ratification of Existing Liens and IP License
	  	 	145	  
	 13.23
	 	 Assignments between and among Lenders
	  	 	146	  

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page vi 

 LIST OF EXHIBITS AND SCHEDULES 
  

			
	Exhibit A	  	Form of Revolver Note
	Exhibit B	  	Form of Compliance Certificate
	Exhibit C	  	Form of Assignment and Acceptance
	Exhibit D	  	Form of Assignment Notice
	Exhibit E	  	Form of Notice of Borrowing/Conversion/Continuation
	Exhibit F-1	  	Form of U.S. Tax Compliance Certificate (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit F-2	  	Form of U.S. Tax Compliance Certificate (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit F-3	  	Form of U.S. Tax Compliance Certificate (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit F-4	  	Form of U.S. Tax Compliance Certificate (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit G	  	Form of Borrowing Base Certificate

  

			
	Schedule 1.1A	  	Commitments of Lenders
	Schedule 1.1B	  	Pipeline Delivery Points
	Schedule 1.1C	  	Marked-to-Market Basis
	Schedule 1.1D	  	Existing Letters of Credit
	Schedule 1.1E	  	Immaterial Subsidiaries
	Schedule 1.1F	  	Eligible Pipeline Carriers
	Schedule 1.1G	  	Eligible Railroad Carriers
	Schedule 1.1H	  	Eligible Vessel Carriers
	Schedule 7.4	  	Deposit Accounts
	Schedule 7.5.1	  	Location of Collateral
	Schedule 8.1.11	  	Taxes
	Schedule 8.1.13(a)	  	Corporate Structure
	Schedule 8.1.13(b)	  	Subsidiaries, Equity Interests in MLP Parent and its Subsidiaries
	Schedule 8.1.17	  	Intellectual Property Matters
	Schedule 8.1.19(a)	  	Leased Real Properties
	Schedule 8.1.19(b)	  	Locations of Tangible Personal Property
	Schedule 8.1.19(c)	  	Chief Executive Offices; Jurisdictions of Incorporation; Principal Places of Business
	Schedule 8.1.19(d)	  	Other Legal Names
	Schedule 9.2.1	  	Existing Liens
	Schedule 9.2.2	  	Existing Investments
	Schedule 9.2.3	  	Existing Indebtedness

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page vii 

 Exhibit 10.1 

SECOND AMENDED AND RESTATED 

CREDIT AGREEMENT 

THIS SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) is dated as of July 14, 2014, among
CALUMET SPECIALTY PRODUCTS PARTNERS, L.P., a Delaware limited partnership (“MLP Parent”), the Subsidiaries of MLP Parent listed as “Borrowers” on the signature pages hereto, and each other Person which may become a
Borrower hereunder pursuant to Section 9.1.12 (together with MLP Parent and the Subsidiaries of MLP Parent listed as “Borrowers” on the signature pages hereto, collectively, “Borrowers” and each individually a
“Borrower”), the Subsidiaries of MLP Parent listed as “Guarantors” on the signature pages hereto (if any) and each other Person which may become a Guarantor hereunder pursuant to Section 9.1.12 (together with
any Subsidiaries of MLP Parent listed as “Guarantors” on the signature pages hereto, collectively, “Guarantors” and each individually a “Guarantor”), the financial institutions party to this Agreement from
time to time as lenders (collectively, “Lenders”), and BANK OF AMERICA, N.A., a national banking association, as agent for Lenders (“Agent”). 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, J.P. MORGAN SECURITIES LLC and WELLS FARGO CAPITAL FINANCE,
LLC are acting as Joint Lead Arrangers and Joint Book Runners with respect to this Agreement. 
 RECITALS: 

Borrowers and Guarantors have requested that Lenders amend and restate the Existing Credit Agreement and thereby make available a credit
facility to be used by Borrowers and Guarantors to finance their mutual and collective business enterprise. Lenders are willing to provide such credit facility on the terms and conditions set forth in this Agreement. 

NOW, THEREFORE, for valuable consideration hereby acknowledged, the parties agree as follows: 

 

	SECTION 1.	DEFINITIONS; RULES OF CONSTRUCTION 

 1.1 Definitions. As used herein, the
following terms have the meanings set forth below: 
 “Account” - as defined in the UCC, including all rights to payment
for goods sold or leased or for services rendered. 
 “Account Debtor” - a Person who is obligated under an Account,
Chattel Paper or General Intangible. 
 “Acquisition” - with respect to any Person, the acquisition by such Person, in a
single transaction or in a series of related transactions, of all of the Equity Interests or all or substantially all of the Property, or a business unit or product line, of another Person, whether or not involving a merger or consolidation with
such other Person and whether for cash, property, services, assumption of Indebtedness, securities or otherwise. 
 “Administrative
Questionnaire” - an Administrative Questionnaire in a form supplied by Agent. 
 “Affiliate” – (a) with
respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified and (b) with respect to any Obligor, any Joint Venture
(whether a partnership or other form of legal entity) in which such Obligor and/or any Affiliates (as defined in clause (a) preceding) of such Obligor (collectively for such Obligor and all such Affiliates) own, directly or indirectly, 33% or
more of the issued and outstanding Equity Interest of any class. 

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page 1 

 “Agent” - as defined in the first paragraph of this Agreement or, if applicable
in accordance with Section 11.8, its successor agent under this Agreement and the other applicable Credit Documents. 

“Agent Indemnitees” - Agent and its Related Parties. 

“Agent Professionals” - attorneys, accountants, appraisers, auditors, business valuation experts, environmental engineers or
consultants, turnaround consultants, and other professionals and experts retained by Agent in any way in connection with or relating to this Agreement or any other Credit Document or any transaction contemplated hereby or thereby, including, without
limitation, in connection with or relating to the administration of, and enforcement of rights or remedies relating to, this Agreement and the other Credit Documents and the Collateral. 

“Agreement” - as defined in the first paragraph. 

“Agreement Currency” - as defined in Section 1.5.2. 

“Allocable Amount” - as defined in Section 5.10.3(b). 

“Alternate Currency” - each of Canadian Dollars, Euros, Sterling and each other currency (other than Dollars) that is
approved in accordance with this Agreement, as applicable, (a) for purposes of an Account payable in such currency eligible for inclusion in the Borrowing Base, (b) for purposes of the making of Alternative Swingline Loans in such
currency, or (c) for purposes of issuing Letters of Credit denominated in such currency. For the avoidance of doubt, any Alternate Currency approved for one of the purposes specified in clause (a), clause (b) or clause
(c) preceding shall not be, as a result of such limited approval, approved for any other of such purposes. 
 “Alternate
Currency Rate” - for any Interest Period with respect to a Swingline Loan denominated in an Alternate Currency: 
 (a) if such
Alternate Currency is Euros or Sterling, LIBOR for deposits in such Alternate Currency, with a term equivalent to such Interest Period; 

(b) if such Alternate Currency is Canadian Dollars, CDOR for deposits in such Alternate Currency, with a term equivalent to such Interest
Period; 
 (c) if such Alternate Currency is a Designated Alternate Currency, the rate per annum as designated with respect to such
Designated Alternate Currency in connection with Agent’s approval of such Designated Alternate Currency pursuant to Section 1.6, on the Rate Determination Date for deposits in such Alternate Currency, with a term equivalent to such
Interest Period; 
 provided that, with respect to LIBOR (in the case of clause (a) preceding), CDOR (in the case of
clause (b) preceding) or any other applicable rate with respect to a Designated Alternate Currency (in the case of clause (c) preceding), to the extent a comparable or successor rate is approved and used by Agent in
consultation with Borrower Agent (as provided by the definition of LIBOR or CDOR, or otherwise with respect to any Designated Alternate Currency, as the case may be), the approved rate shall be applied to the applicable Interest Period in a manner
consistent with market practice; provided, further, that, to the extent such market practice is not administratively feasible for Agent, such approved rate shall be applied to the applicable Interest Period as otherwise reasonably determined
by Agent with the consent of Borrower Agent (such consent not to be unreasonably withheld, conditioned or delayed). 

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page 2 

 “Alternate Swingline Commitment” - determined on any date, the Dollar Equivalent
Amount of an amount equal to the greater of (a) $100,000,000 or (b) 10% of the Revolver Commitments as in effect on such date. 

“Alternate Swingline Loan” – as defined in Section 4.1.3(c). 

“Anti-Corruption Law” – any law, rule or regulation of any jurisdiction applicable to any Obligor or any of its
Restricted Subsidiaries from time to time concerning or relating to bribery or corruption. 
 “Anti-Terrorism Law” - any
law relating to terrorism or money laundering, including the Patriot Act. 
 “Applicable Law” - all laws, rules,
regulations and governmental guidelines applicable to the Person, conduct, transaction, agreement or matter in question, including all applicable statutory law, common law and equitable principles, and all applicable provisions of constitutions,
treaties, statutes, rules, regulations, orders and decrees of Governmental Authorities. For the avoidance of doubt, unless otherwise stated herein, any reference to Applicable Law as it relates to a Person in any representation or warranty or
covenant of any Obligor contained in this Agreement or any other Credit Document shall be deemed to mean and refer to such Applicable Law as it relates to Consolidated Parties, Borrowers, Guarantors, Obligors, Subsidiaries and/or their Affiliates,
as applicable, based upon the context in which such term appears. 
 “Applicable Margin” – (a) with respect to
any Type of Loan (other than Incremental Revolver Loans), the margin set forth below, as determined by the Quarterly Average Availability Percentage for the last Fiscal Quarter: 

 

																	
	 Level
	  	Quarterly Average
Availability Percentage	 	 	Base Rate
Revolver Loans
Margin	 	 	LIBOR
Revolver Loans
Margin	 	 	Alternate
Swingline Loans
Margin	 
	 I
	  	 	3 66	% 	 	 	0.50	% 	 	 	1.50	% 	 	 	1.50	% 
	 II
	  	 	3 33% and < 66	% 	 	 	0.75	% 	 	 	1.75	% 	 	 	1.75	% 
	 III
	  	 	< 33	% 	 	 	1.00	% 	 	 	2.00	% 	 	 	2.00	% 

 ; provided, however, if the Applicable Margin in respect of any Incremental Revolver Loan is greater than the Applicable
Margin in respect of any other outstanding Loan (other than Incremental Revolver Loans) by more than 0.50% per annum, then the Applicable Margin with respect to all such other Loans (other than Incremental Revolver Loans) shall be increased
concurrently with the funding of such Incremental Revolver Loan such that such Applicable Margin applicable to all such other Loans (other than Incremental Revolver Loans) is equal to the Applicable Margin for such Incremental Revolver Loan
minus 0.50%; and (b) with respect to any Incremental Revolver Loans, such margins (expressed as per annum rates) as shall be agreed to by Borrower Agent and the applicable Lenders providing such Incremental Revolver Loans pursuant to
Section 2.2. 
 From the Closing Date through the date of the adjustment (in accordance with the following sentence) occurring after the end of
the Fiscal Quarter ended September 30, 2014 and with respect to the Borrowing Base Certificate delivered in September 2014, the margin shall be based on Level II. The margin shall be subject to increase or decrease upon receipt by Agent of
the Borrowing Base Certificate for the last month (or week, if applicable) of each Fiscal Quarter provided or issued in accordance with Section 7.1, which change shall be effective (i) with respect to the latest Borrowing Base
Certificate delivered in September 2014, October 1, 2014 and (ii) with respect to each other Borrowing Base Certificate delivered thereafter, 

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page 3 

 
on the first Business Day of the calendar month immediately following receipt of such Borrowing Base Certificate. If, by the first Business Day of a calendar month, the most recent Borrowing Base
Certificate due with respect to the immediately preceding calendar month has not been received, then, at the option of Required Lenders, the margin shall be determined as if Level III were applicable, from such day until the first Business Day
of the calendar month following actual receipt of the Borrowing Base Certificate(s). Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Margin for any period shall be subject to the provisions
of Section 3.4(b). 
 “Approved Bank” - as defined in the definition of “Cash Equivalents”. 

“Approved Fund” - any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise
investing in commercial loans in its ordinary course of business and is administered or managed by a Lender (other than a Defaulting Lender), an entity that administers or manages a Lender (other than a Defaulting Lender), or an Affiliate of either.

 “Arranger Indemnitees” - collectively, the Bank of America Indemnitees, the JPMorgan Indemnitees and the Wells Fargo
Indemnitees. 
 “Arrangers” - Bank of America, JPMorgan and Wells Fargo, in their capacities as joint lead arrangers and
joint book runners. 
 “Assignment and Acceptance” - an assignment agreement between a Lender and Eligible Assignee, in the
form of Exhibit C, entered into in accordance with Section 12.3. 
 “Assignment of Claims Act” - the
Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.). 
 “Attributable Indebtedness” - as of
any date of determination, (a) in respect of any Capital Lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any
Synthetic Lease Obligation, the capitalized amount of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a
Capital Lease. 
 “Audited Financial Statements” - the audited consolidated balance sheet of Consolidated Parties for the
Fiscal Year ended December 31, 2013, and the related consolidated statements of income or operations, partners’ capital and cash flows for such Fiscal Year of Consolidated Parties, including the notes thereto. 

“Availability” - as of any date of determination, the amount equal to the positive remainder of (a) the Borrowing Base
in effect as of such date minus (b) the Revolver Usage on such date. 
 “Availability Reserve” - the sum
(without duplication) of (a) the Inventory Reserve; (b) the Rent and Costs Reserve; (c) the Bank Product Reserve; (d) the aggregate amount of liabilities (other than First Purchase Crude Payables) secured by Liens upon Collateral
that are senior to Agent’s Liens (but imposition of any such reserve shall not waive an Event of Default, if any, arising therefrom); (e) the First Purchaser Reserve; (f) with respect to Inventory consisting of tank heels or tank
bottoms, reserves for estimated evacuation, extraction and/or other removal costs; (g) the State Excise Tax Reserve, and (h) such additional reserves, in such amounts and with respect to such matters, as Agent in its Permitted Discretion
may elect to impose from time to time; provided that the Availability Reserve shall be without duplication of any amounts already deducted in connection with the determination of the “net amount” of any Account included in the Borrowing
Base. 

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page 4 

 “Bank of America” - Bank of America, N.A., a national banking association, and
its successors and permitted assigns. 
 “Bank of America Indemnitees” - Bank of America and its Related Parties. 

“Bank Product” - (a) Cash Management Services extended to any Obligor or Restricted Subsidiary by any Lender or
any of its Affiliates, (b) Interest Rate Swaps which meet the requirements of clause (i) and clause (ii) of Section 9.2.3(d) extended to any Obligor or Restricted Subsidiary by any Lender or any of its
Affiliates, (c) commercial credit card and merchant card services extended to any Obligor or Restricted Subsidiary by any Lender or any of its Affiliates, and (d) other banking products or services as may be requested by any Obligor or
Restricted Subsidiary and extended by any Lender or any of its Affiliates (other than Letters of Credit and Swap Contracts not covered by clause (b) above); provided, however, that (i) for any of the foregoing to be
included as an “Obligation” for purposes of a distribution under Section 5.5, the applicable Secured Party and Obligor must have previously provided written notice to Agent of (A) the existence of such Bank Product,
(B) the maximum dollar amount of obligations arising thereunder to be included as a Bank Product Reserve (as such amount may be changed from time to time upon written notice to Agent by the applicable Secured Party and Obligor, “Bank
Product Amount”), and (C) the methodology to be used by such parties in determining the Bank Product Indebtedness owing from time to time, and such applicable Secured Party and Obligor must have agreed to be bound by
Section 11.13, and (ii) for any of the Indebtedness or other obligations under the foregoing Interest Rate Swaps referred to in clause (b) preceding or other banking products or services referred to in
clause (d) preceding to be included as Bank Product Indebtedness, the Lender or its Affiliate providing the same shall have agreed in writing with Agent, and to the reasonable satisfaction of Agent, that such Indebtedness or other
obligations shall not be secured by any of the Liens permitted by Section 9.2.1(v). No Bank Product Amount may be established in the first instance or increased at any time that a Default or Event of Default exists, or if a reserve in
such amount would cause an Overadvance. 
 “Bank Product Amount” - as defined in the definition of Bank Product.

 “Bank Product Indebtedness” - as of any date of determination, the Indebtedness and other payment obligations as of such
date of any Obligor or Restricted Subsidiary relating to Bank Products; provided that Bank Product Indebtedness of an Obligor or Restricted Subsidiary shall not include its Excluded Swap Obligations. 

“Bank Product Reserve” - the aggregate amount of reserves established by Agent from time to time in its Permitted Discretion
in respect of Bank Product Indebtedness, which in no event shall exceed the sum of all Bank Product Amounts. 
 “Bankruptcy
Code” - Title 11 of the United States Code. 
 “Base Rate” - for any day, a per annum rate equal to the greater of
(a) the Prime Rate for such day; (b) the Federal Funds Rate for such day, plus 0.50%; or (c) LIBOR for a 30 day interest period as determined on such day, plus 1.00%. 

“Base Rate Loan” - any Loan that bears interest based on the Base Rate. 

“Base Rate Revolver Loan” - a Revolver Loan that bears interest based on the Base Rate. 

“Board of Directors” - (a) with respect to a corporation, the board of directors of the corporation or any committee
thereof duly authorized to act on behalf of such board, (b) with respect to a partnership, the board of directors or board of managers of the general partner of the partnership or, if such general

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page 5 

 
partner is itself a limited partnership, then the board of directors or board of managers of its general partner, (c) with respect to a limited liability company, the board of managers or
directors, the managing member or members or any controlling committee of managing members thereof, and (d) with respect to any other Person, the board or committee of such Person serving a similar function. 

“Board of Governors” - the Board of Governors of the Federal Reserve System. 

“Board Resolution” - a resolution certified by the Secretary or an Assistant Secretary of MLP Parent to have been duly
adopted by the Board of Directors of MLP Parent and to be in full force and effect on the date of such certification. 
 “Borrowed
Money” - with respect to any Obligor or Restricted Subsidiary, without duplication, its (a) outstanding principal amount of Indebtedness (other than, for purposes of determining Indebtedness of Obligors and Restricted Subsidiaries on a
consolidated basis and for purposes of the definitions of the terms “Consolidated Interest Charges” and “Fixed Charges”, intercompany Indebtedness) (i) that arises from the lending of money by any Person to any
such Obligor or Restricted Subsidiary, (ii) that is evidenced by notes, drafts, bonds, debentures, credit documents or similar instruments, or (iii) in respect of the deferred purchase price for Property; (b) Capital Leases;
(c) outstanding reimbursement obligations with respect to amounts drawn or paid by the issuer to the beneficiary under letters of credit; and (d) guaranties of any outstanding Indebtedness of the foregoing types owing by another Person.

 “Borrower” or “Borrowers” - as defined in the first paragraph of this Agreement; provided,
however, that no Subsidiary of MLP Parent that is organized under the laws of a jurisdiction other than the United States, any State thereof or the District of Columbia shall be a Borrower unless otherwise agreed by Agent and Lenders. 

“Borrower Agent” - as defined in Section 4.4. 

“Borrowing” - a group of Loans of one Type that are made on the same day or are converted into Loans of one Type on the same
day. 
 “Borrowing Base” - on any date of determination (and continuing until any subsequent date of determination), an
amount equal to the lesser of: 
 (a) the aggregate amount of Revolver Commitments then in effect; or 

(b) the sum of, without duplication: 

(i) 85% of the net amount of Eligible Accounts (exclusive of any Eligible Investment Grade Accounts, Eligible LC Backed
Accounts, Eligible Credit Card Accounts and Eligible Unbilled Accounts), plus 
 (ii) 90% of the net amount of
Eligible Investment Grade Accounts, plus 
 (iii) 90% of the net amount of Eligible LC Backed Accounts, plus
 
 (iv) 90% of the net amount of Eligible Credit Card Accounts, plus 

(v) the lesser of: 

(A) 70% of the net amount of Eligible Unbilled Accounts or 

(B) the greater of (1) $50,000,000 or (2) 7% of the Borrowing Base then in effect, plus 

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page 6 

 (vi) 80% of the Value of Eligible Category A Inventory (excluding asphalt
inventory and inventory consisting of tank heels or tank bottoms and excluding, for the avoidance of doubt, Eligible In-Transit Inventory), plus  

(vii) during and including the months of April through October of each year, 80% of the Value of Eligible Category A
Inventory (excluding, for the avoidance of doubt, Eligible In-Transit Inventory) which consists of asphalt inventory (other than tank heels or tank bottoms) or, during and including the months of November through March of each year, 65% of the Value
of Eligible Category A Inventory (excluding, for the avoidance of doubt, Eligible In-Transit Inventory) which consists of asphalt inventory (other than tank heels or tank bottoms), plus 

(viii) 60% of the Value of Eligible Category A Inventory or Eligible Category B Inventory (excluding, for the
avoidance of doubt, Eligible In-Transit Inventory) which consists of tank heels or tank bottoms, but excluding sludge, water and asphalt, plus  

(ix) the lesser of: 

(A) 80% of the Value of Eligible Category B Inventory (excluding inventory consisting of tank heels or tank bottoms and excluding,
for the avoidance of doubt, Eligible In-Transit Inventory) or 
 (B) 85% of the NOLV Percentage of the Value of Eligible
Category B Inventory (excluding inventory consisting of tank heels or tank bottoms and excluding, for the avoidance of doubt, Eligible In-Transit Inventory), plus  

(x) (A) with respect to Eligible In-Transit Inventory that would constitute Eligible Category A Inventory but for the
proviso contained in the definition of such term, 80% of the Value thereof, plus (B) with respect to Eligible In-Transit Inventory that would constitute Eligible Category B Inventory but for the proviso contained in the definition of such
term, the lesser of (1) 80% of the Value thereof or (2) 85% of the NOLV Percentage of the Value thereof, plus 

(xi) (A) with respect to Eligible LC Backed Future Inventory that will be, when delivered to a Borrower, Eligible Category
A Inventory, 80% of the Value thereof, plus (B) with respect to Eligible LC Backed Future Inventory that will be, when delivered to a Borrower, Eligible Category B Inventory, the lesser of (1) 80% of the Value thereof or (2) 85% of
the NOLV Percentage of the Value thereof, plus 
 (xii) the lesser of (A) 80% of the amount of the Eligible
Exchange Agreement Positive Balance or (B) the greater of (i) $25,000,000 or (ii) 3% of the Borrowing Base, plus 

(xiii) the lesser of (A) subject to the proviso below, 80% of the Eligible Paid But Unexpired Positive Balance of LCs or
(B) the greater of (i) $100,000,000 or (ii) 10% of the Borrowing Base, provided that, if and to the extent that any of the Letters of Credit referred to in the definition of the term “Eligible Paid But Unexpired Positive
Balance of LCs” were issued to support the purchase of Eligible Category B Inventory (as opposed to Eligible Category A Inventory) of a Borrower and the net orderly liquidation value of such Inventory is less than the Value thereof,
then such percentage referred to in clause (A) preceding (as it relates only to such portion of such Eligible Paid But Unexpired Positive Balance of LCs which relate to Eligible Category B Inventory) shall be adjusted downward as
appropriate to accurately reflect 85% of the NOLV Percentage of the Value thereof, plus  
 (xiv) the Restricted
Account Balance, minus 
 (xv) the Availability Reserve. 

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page 7 

 For purposes hereof, and with respect to any Account, (1) “net amount” means the face
amount of an Account, minus any returns, rebates, discounts (calculated on the shortest terms), credits, allowances or Taxes (including sales, excise or other taxes) that have been or could be claimed by the Account Debtor or any other
Person, and (2) the “net amount” of any Account payable in Canadian Dollars, Euros, Pesos, Sterling or any other Alternate Currency shall be converted to the Dollar Equivalent Amount thereof before multiplying the same by the advance
rate applicable thereto. Furthermore, for purposes of determining the “net amount” of any Eligible Credit Card Accounts, the face amount thereof shall be reduced by, without duplication, to the extent not reflected in such face amount, the
amount of all customary fees and expenses in connection with any credit card arrangements and the aggregate amount of all cash received in respect thereof but not yet applied by the applicable Borrower to reduce the amount of such Eligible Credit
Card Account. 
 “Borrowing Base Certificate” - a certificate, substantially in the form of Exhibit G attached
hereto or otherwise in a form reasonably acceptable to Agent, by which Borrowers certify calculation of the Borrowing Base. 

“Business Day” - any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under
the laws of, or are in fact closed in, the States of North Carolina or Texas or (upon written notice to Borrower Agent) any other state where Agent’s principal office that administers this Agreement from time to time is located and, if such day
relates to any LIBOR Loan, means any such day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market. 

“Byproduct Inventory” – work-in-process and finished specialty Inventory that is not (a) currently usable in
Borrowers’ manufacturing processes within the next 360 days or (b) salable through Borrowers’ readily available sales channels at prices no less than 75% of the net book value of such Inventory, in each case as determined by Agent in
its Permitted Discretion. 
 “Calculation Date” - the date of the applicable Specified Transaction which gives rise to the
requirement to calculate the Fixed Charge Coverage Ratio on a Pro Forma Basis. 
 “Calculation Period” - in respect of any
Calculation Date, the period of four Fiscal Quarters of Consolidated Parties ended as of the last day of the most recent Fiscal Quarter of Consolidated Parties preceding such Calculation Date for which Agent shall have received the Required
Financial Information. 
 “Calumet Finance” - Calumet Finance Corp., a Delaware limited liability company. 

“Calumet GP” - Calumet GP, LLC, a Delaware limited liability company, and its successors and permitted assigns as general
partner of MLP Parent or as the business entity with the ultimate authority to manage the business and operations of MLP Parent. 

“Canadian Dollars” - the lawful currency of Canada. 

“Capital Expenditures” - expenditures made or liabilities incurred by an Obligor or Restricted Subsidiary for the acquisition
of any fixed assets (excluding normal replacements and maintenance which are charged to current Consolidated Net Income), or any improvements, replacements, substitutions or 

  
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additions thereto with a useful life of more than one year, including the principal portion of Capital Leases. For purposes of this definition, (a) the purchase price of equipment that is
purchased simultaneously with the trade-in of existing equipment or with insurance proceeds shall be included in Capital Expenditures only to the extent of the gross amount by which such purchase price exceeds the credit granted by the seller of
such equipment for the equipment being traded in at such time or the amount of such insurance proceeds, as the case may be, and (b) the term “Capital Expenditures” shall not include Acquisitions. 

“Capital Lease” - any lease of any Property (whether real, personal or mixed, and whether in connection with a Sale and
Leaseback Transaction or otherwise) with respect to which the lessee is required concurrently to recognize the acquisition of an asset and the incurrence of a liability in accordance with GAAP, other than an Operating Lease. 

“Cash Collateral” - cash that is delivered to Agent to Cash Collateralize any Obligations, and any interest or other income
earned thereon. 
 “Cash Collateralize” - the delivery of cash to Agent, as security for the payment of Obligations, in an
amount equal to (a) with respect to LC Obligations, 103% of the aggregate LC Obligations, and (b) with respect to any inchoate or contingent Obligations (including Obligations arising under Bank Products), Agent’s good faith estimate
of the amount due or to become due, including all fees and other amounts relating to such Obligations. “Cash Collateralization” has a correlative meaning. In lieu of the delivery of cash as security for the Obligations described in
clause (b), such Obligations may be secured by the delivery of a letter of credit in form and substance satisfactory to Agent in its sole discretion and issued by a financial institution satisfactory to Agent in its sole discretion;
provided, that, if such financial institution ceases to be satisfactory to Agent for any reason, upon written notice to Borrower Agent, Agent may require the delivery of cash or a replacement or back-to-back letter of credit in form and
substance satisfactory to Agent in whole or partial replacement of such letter of credit. 
 “Cash Dominion Trigger Event”
- the occurrence of any of the following: (a) Availability falls below the greater of (i) 12.5% of the Borrowing Base then in effect and (ii) $55,000,000 (which amount is subject to increase as provided in Section 1.4), or
(b) an Event of Default. 
 “Cash Equivalents” - as of any date of determination, (a) marketable securities
issued or directly and fully guaranteed or insured by the United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof) having maturities of not more than twelve
months from the date of acquisition, (b) Dollar denominated time deposits and certificates of deposit of (i) any Lender, (ii) any domestic commercial bank of recognized standing having capital and surplus in excess of $500,000,000 or
(iii) any bank (or parent company thereof) whose short-term commercial paper rating from S&P is at least A-2 or the equivalent thereof or from Moody’s is at least P-2 or the equivalent thereof (any such bank being an “Approved
Bank”), in each case with maturities of not more than 270 days from the date of acquisition and (unless issued by a Lender) not subject to offset rights, (c) with respect to any Foreign Subsidiary, (i) time deposits and customary
short term investments with one of the five largest banks doing business in the jurisdiction in which the Foreign Subsidiary is conducting business, and (ii) other short term investments customarily used by multinational corporations in the
country in which the Foreign Subsidiary is conducting business for the purpose of cash management, which investments have the preservation of capital as their primary objective, (d) commercial paper and variable or fixed rate notes issued by
any Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or guaranteed by, any domestic corporation rated A-2 (or the equivalent thereof) or better by S&P or P-2 (or the equivalent thereof) or better by
Moody’s and maturing within six months of the date of acquisition, (e) repurchase agreements entered into by any Person with a bank or trust company (including any of Lenders) or recognized securities dealer having capital and surplus in
excess of $500,000,000 for direct obligations having a term of not more than 

  
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30 days and issued by or fully guaranteed by the United States in which such Person shall have a perfected first priority security interest (subject to no other Liens) and having, on the
date of purchase thereof, a fair market value of at least 100% of the amount of the repurchase obligations, and (f) Investments, classified in accordance with GAAP as current assets, in money market investment programs registered under the
Investment Company Act of 1940, as amended, which are not subject to offset and are administered by reputable financial institutions having capital of at least $500,000,000 and the portfolios of which are limited to Investments whose primary
objective is the preservation of capital and whose investments are limited to “cash equivalents” as defined under GAAP. 

“Cash Management Services” - any services provided from time to time by any Lender or any of its Affiliates to any Obligor or
Restricted Subsidiary in connection with operating, collections, payroll, trust or other depository or disbursement accounts, including automated clearinghouse, e-payable, controlled disbursement, depository,
electronic funds transfer, information reporting, lockbox, stop payment, overdraft and/or wire transfer services. 
 “CDOR”
- the rate per annum equal to the Canadian Dealer Offered Rate (“CDOR”), or a comparable or successor rate which rate is approved by Agent, as published on the applicable Reuters screen page (or such other commercially available
source providing such quotations as may be designated by Agent from time to time) at or about 10:00 a.m. (Toronto, Ontario time) on the Rate Determination Date. 

“CERCLA” - the Comprehensive Environmental Response Compensation and Liability Act (42 U.S.C. § 9601 et
seq.). 
 “Change in Law” - the occurrence, after the date of this Agreement, of any of the following: (a) the
adoption, taking effect or phasing in of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority,
or (c) the making, issuance or application of or for any request, rule, guideline, requirement or directive (whether or not having the force of law) by any Governmental Authority; provided that, notwithstanding anything herein to the
contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated
by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be
deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control”
- the occurrence of any of the following events: 
 (a) the direct or indirect Disposition (other than by way of merger or consolidation
permitted hereunder), in one or a series of related transactions, of all or substantially all of the Properties or assets of Consolidated Parties taken as a whole, to any “person” (as that term is defined in Section 13(d)(3) of the
Securities Exchange Act of 1934, as amended); or 
 (b) the adoption of a plan relating to the liquidation or dissolution of MLP Parent or
Calumet GP or removal of Calumet GP by the limited partners of MLP Parent or the resignation by Calumet GP as the general partner of MLP Parent; or 

(c) the consummation of any transaction (including any merger or consolidation), in one or a series of related transactions, the result of
which is that any “person” (as that term is defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended), excluding the Qualifying Owners, becomes the beneficial owner, directly or indirectly, of more than 50% of
the Voting Stock of either Calumet GP or of MLP Parent, measured by voting power rather than number of shares, units or the like; or 

  
 SECOND AMENDED AND RESTATED CREDIT
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 (d) the first day on which a majority of the members of the Board of Directors of Calumet GP are
not Continuing Directors; or 
 (e) the occurrence of a “Change of Control” (or any comparable term) under, and as defined in, any
Senior Notes Indenture. 
 Notwithstanding the preceding, a Statutory Conversion of any of Consolidated Parties from a limited partnership,
corporation, limited liability company or other form of entity to a limited liability company, corporation, limited partnership or other form of entity or an exchange permitted by the terms hereof of all of the outstanding Equity Interests in one
form of entity for Equity Interests in another form of entity shall not constitute a Change of Control, so long as following such conversion or exchange the “persons” (as that term is used in Section 13(d)(3) of the Securities
Exchange Act of 1934, as amended) who beneficially owned the Equity Interests of MLP Parent immediately prior to such transactions continue to beneficially own in the aggregate more than 50% of the Voting Stock of such entity, or continue to
beneficially own sufficient Equity Interests in such entity to elect a majority of its directors, managers, trustees or other persons serving in a similar capacity for such entity or its general partner, as applicable, and, in either case no
“person,” other than a Qualifying Owner, beneficially owns more than 50% of the Voting Stock of such entity or its general partner, as applicable. 

“Chattel Paper” - as defined in the UCC. 

“Claims” - all claims, liabilities, obligations, losses, damages, penalties, judgments, proceedings, interest, costs and
expenses of any kind (including remedial response costs, reasonable attorneys’ fees of counsel for Agent and/or Lenders as and to the extent referred to in Section 13.2 and Extraordinary Expenses) at any time incurred by or asserted
against any Indemnitee in any way relating to (a) any Credit Document or transactions relating thereto, (b) any action taken or omitted to be taken by any Indemnitee in connection with any Credit Document, (c) the existence or
perfection of any Liens, or realization upon any Collateral, (d) exercise of any rights or remedies under any Credit Document or Applicable Law, or (e) failure by any Obligor to perform or observe any terms of any Credit Document, in each
case including all costs and expenses relating to any investigation, litigation, arbitration or other proceeding (including any Insolvency Proceeding or appellate proceedings), whether or not the applicable Indemnitee is a party thereto;
provided, that, with respect to any term or provision of this Agreement other than the terms and provisions of Section 13.14.1 and Section 13.15, such Claims shall not, as to any Indemnitee, include (i) any
claims, liabilities, obligations, losses, damages, penalties, judgments, proceedings, interest, costs and expenses (A) that are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the gross
negligence or willful misconduct of such Indemnitee or (B) which result from a claim brought by a Borrower or any other Obligor against such Indemnitee for material breach or breach in bad faith of such Indemnitee’s obligations hereunder
or under any other Credit Document, if such Borrower or such Obligor has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction or (ii) the allocated cost of internal counsel
for such Indemnitee, other than settlement costs. 
 “Closing Date” - July 14, 2014. 

“Code” - the Internal Revenue Code of 1986, as amended. 

“Collateral” - a collective reference to all Property described as “Collateral” in the Security Agreement, all
Property described in any other Collateral Documents as security for any Obligations, and all other Property that now or hereafter secures (or is intended to secure) any Obligations. 

  
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 “Collateral Documents” - each Guaranty, the Security Agreement, all Deposit
Account Control Agreements, and all other documents, instruments and agreements now or hereafter securing (or creating a Lien to secure or otherwise given with the intent to secure) any Obligations. 

“Commercial Tort Claim” - as defined in the UCC. 

“Commitment” - for any Lender on any date of determination, the aggregate amount of such Lender’s Revolver Commitment
then in effect. Commitments means the aggregate amount of all Revolver Commitments then in effect. 
 “Commitment Termination
Date” - the earliest to occur of (a) the Revolver Termination Date; (b) the date on which Borrowers terminate the Revolver Commitments pursuant to Section 2.1.3(a); or (c) the date on which the Revolver
Commitments are terminated pursuant to Section 10.2. 
 “Commodity Exchange Act” - the Commodity Exchange Act
(7 U.S.C. § 1 et seq.). 
 “Compliance Certificate” - a Compliance Certificate to be provided by Borrower Agent
or its general partner, on behalf of Obligors, to Agent pursuant to this Agreement, in substantially the form of Exhibit B, and all supporting schedules. 

“Connection Income Taxes” - Other Connection Taxes that are imposed on or measured by net income (however denominated), or
are franchise or branch profits Taxes. 
 “Consolidated Capital Expenditures” - for any period, for Obligors and their
Restricted Subsidiaries on a consolidated basis, all Capital Expenditures made by such Obligors and Restricted Subsidiaries during such period, as determined in accordance with GAAP; provided, however, that Consolidated Capital
Expenditures shall not include Eligible Reinvestments made with the proceeds of any permitted Disposition or Involuntary Disposition. 

“Consolidated Cash Taxes” - for any period, for Obligors and their Restricted Subsidiaries on a consolidated basis, all Taxes
(excluding (a) sales and excise Taxes charged to and expected to be paid by customers of any Obligor or Restricted Subsidiary, and (b) property Taxes) paid in cash during such period. 

“Consolidated EBITDA” - for any period, for Obligors and their Restricted Subsidiaries on a consolidated basis, an amount
equal to Consolidated Net Income plus, without duplication (a) the following to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated Interest Charges, (ii) any non-recurring, non-cash charges
relating to any premium or penalty paid, write off of deferred finance costs or other charges in connection with redeeming or retiring any Indebtedness prior to its stated maturity, (iii) the provision for Federal, state, local and foreign
income taxes payable by such Obligors and Restricted Subsidiaries, (iv) depreciation and amortization expense (including amortization of intangibles but excluding amortization of prepaid cash expenses that were paid in a prior period) and
non-cash equity based compensation expense, (v) net non-cash losses realized on the Disposition of Property of any Obligor or Restricted Subsidiary, (vi) unrealized losses resulting from mark to market accounting for hedging activities,
including, without limitation those resulting from the application of FASB Accounting Standards Codification 815 (“FASB ASC 815”), (vii) realized gains under derivative instruments excluded from the determination of
Consolidated Net Income, including, without limitation, those resulting from the application of FASB ASC 815, (viii) unrealized non-cash losses resulting from foreign currency balance sheet adjustments required by GAAP, (ix) other
extraordinary or non-recurring expenses and restructuring charges of such Obligors and Restricted Subsidiaries reducing such Consolidated Net Income which do not represent a cash item in such period, and (x) impairment and other non-cash items
(other than write-downs of current assets) of such Obligors and Restricted Subsidiaries for 

  
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such period (excluding any such non-cash item to the extent that it represents an accrual of or reserve for cash expenses in any future period or amortization of a prepaid cash expense that was
paid in a prior period), minus, without duplication (b) the following to the extent included in calculating such Consolidated Net Income: (i) Federal, state, local and foreign income tax credits, (ii) unrealized gains resulting
from mark to market accounting for hedging activities, including, without limitation, those resulting from the application of FASB ASC 815, (iii) realized losses under derivative instruments excluded from the determination of Consolidated Net
Income, including, without limitation, those resulting from the application of FASB ASC 815, (iv) extraordinary or non-recurring expenses and restructuring charges of such Obligors and Restricted Subsidiaries and unrealized items that in each
case reduced the Consolidated Net Income hereunder for a prior period and for which cash payments have been made in the current applicable period, and (v) impairment and other items that were non-cash, that in each case reduced the Consolidated
Net Income hereunder for a prior period, were added back for the purposes for determining Consolidated EBITDA in a prior period, and for which cash payments have been made in the current applicable period; provided however, that Consolidated EBITDA
for the applicable period shall include that portion of the earnings of each Unrestricted Subsidiary as is actually distributed, as a Restricted Payment, in cash during such period to an Obligor. 

“Consolidated Interest Charges” - for any period, for Obligors and their Restricted Subsidiaries on a consolidated basis,
without duplication, the sum of (a) all interest, premium payments, debt discount, fees, charges and related expenses of such Obligors and Restricted Subsidiaries in connection with Borrowed Money (including capitalized interest, the interest
component under Capital Leases and the implied interest component of Synthetic Lease Obligations) or in connection with the deferred purchase price of assets, in each case net of the effect of all payments made or received pursuant to Interest Rate
Swaps and to the extent treated as interest in accordance with GAAP, and (b) the portion of rent expense of Obligors and their Restricted Subsidiaries with respect to such period under capital leases that is treated as interest in accordance
with GAAP. 
 “Consolidated Net Income” - for any period, for Obligors and their Restricted Subsidiaries on a consolidated
basis, net income (excluding extraordinary items) after interest expense, income taxes and depreciation and amortization, all as determined in accordance with GAAP, provided that (a) net income shall be calculated without giving effect
to the cumulative effect of a change in accounting principle and (b) net income of any Person that is accounted for by the equity method of accounting will be included, but only to the extent of the amount of dividends or distributions paid in
cash to an Obligor or Restricted Subsidiary. 
 “Consolidated Net Tangible Assets” - as of any date of determination, for
Obligors and their Restricted Subsidiaries on a consolidated basis, the aggregate amount of total assets included in such Person’s most recent quarterly or annual consolidated balance sheet prepared in accordance with GAAP less applicable
reserves reflected in such balance sheet, after deducting the following amounts: (a) all current liabilities reflected in such balance sheet, and (b) all goodwill, trademarks, patents, unamortized debt discounts and expenses and other like
intangibles reflected in such balance sheet. 
 “Consolidated Parties” - MLP Parent and the Subsidiaries of MLP Parent, and
Consolidated Party means any one of them. 
 “Contingent Obligation” - any obligation of a Person arising from a
guaranty, indemnity or other assurance of payment or performance of any Indebtedness, lease, dividend or other obligation (“primary obligations”) of another obligor (“primary obligor”) in any manner, whether
directly or indirectly, including any obligation of such Person under any (a) guaranty, endorsement, co-making or sale with recourse of an obligation of a primary obligor; (b) obligation to make take-or-pay or similar payments regardless
of nonperformance by any other party to an agreement; and (c) arrangement (i) to purchase any primary 

  
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obligation or security therefor, (ii) to supply funds for the purchase or payment of any primary obligation, (iii) to maintain or assure working capital, equity capital, net worth or
solvency of the primary obligor, (iv) to purchase Property or services for the purpose of assuring the ability of the primary obligor to perform a primary obligation, or (v) otherwise to assure or hold harmless the holder of any primary
obligation against loss in respect thereof. The amount of any Contingent Obligation shall be deemed to be the stated or determinable amount of the primary obligation (or, if less, the maximum amount for which such Person may be liable under the
instrument evidencing the Contingent Obligation) or, if not stated or determinable, the maximum reasonably anticipated liability with respect thereto. 

“Continuing Directors” - as of any date of determination, any member of the Board of Directors of MLP General Partner who
(a) was a member of such Board of Directors on the date of this Agreement, or (b) was nominated for election or elected to such Board of Directors with the approval of a majority of the directors then still in office (or a duly constituted
committee thereof) either who were members of such Board of Directors at the time of such nomination or election or whose election or nomination for election was approved by a majority of such members of such board. 

“Contractual Obligation” - as to any Person, any provision of any security issued by such Person or of any agreement,
instrument or other undertaking to which such Person is a party or by which it or any of its Property is bound. 

“Control” - the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Credit Card Account” - any Account due to any Borrower in connection with purchases from and other goods and services
provided by such Borrower on the following credit cards: Visa, MasterCard, American Express, Diners Club, Discover, Carte Blanche and such other credit cards as Agent shall reasonably approve from time to time, in each case which have been earned by
performance by such Borrower but not yet paid to such Borrower by the credit card issuer or the credit card processor, as applicable; provided that, in any event, “Credit Card Account” shall exclude each Account due in connection with any
proprietary credit card. 
 “Credit Documents” - this Agreement, the Other Agreements and the Collateral Documents. 

“Default” - any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage
of a stated grace period, or both, would be an Event of Default. It is understood and agreed that the institution of any Insolvency Proceeding relating to any Consolidated Party or to all or any material part of its Property without the consent of
such Person shall constitute an immediate Default that with the passage of the 60-calendar day period referred to in Section 10.1(f) would be an Event of Default. 

“Default Rate” - for any Obligation (including, to the extent permitted by Applicable Law, interest not paid when due),
2% per annum plus the interest rate otherwise applicable thereto. 
 “Defaulting Lender” – any Lender that
(a) has failed to comply with its funding obligations hereunder, and such failure is not cured within three Business Days, unless, within such three Business Day period, such Lender notifies Agent and Borrower Agent in writing that such failure
is the result of such Lender’s good faith determination that a condition precedent to funding (specifically identified and including the particular Default, if any) has not been satisfied; (b) has notified Agent or any Borrower that such
Lender does not intend to comply with its funding obligations hereunder or under any other credit facility, or has made a public statement to that effect; (c) has failed, within three Business Days following request by Agent or Borrower Agent,
to confirm in a manner satisfactory to Agent and Borrower Agent that such Lender will comply with its funding obligations hereunder; or (d) has, or has a direct or indirect 

  
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parent company that has, become the subject of a proceeding under any Insolvency Proceeding or taken any action in furtherance or acquiescence thereof; provided, however, that a
Lender shall not be a Defaulting Lender solely by virtue of a Governmental Authority’s ownership of an Equity Interest in such Lender or parent company unless the ownership provides immunity for such Lender from jurisdiction of courts within
the United States or from enforcement of judgments or writs of attachment on its assets, or permits such Lender or Governmental Authority to repudiate or otherwise to reject such Lender’s agreements. 

“Deposit Account” - as defined in the UCC. 

“Deposit Account Control Agreement” - any Deposit Account control agreement executed by a depository institution of any
Obligor in favor of Agent, for the benefit of Secured Parties, as security for the Obligations. 
 “Designated Alternate
Currency” - currency (other than Dollars, Canadian Dollars, Euros or Sterling) that is approved by Agent as an Alternate Currency in accordance with Section 1.6. 

“Designated Jurisdiction” - any country or territory that is the subject of any Sanction. 

“Disposition” - any disposition (including pursuant to a Sale and Leaseback Transaction) of any or all of the Property
(including without limitation the Equity Interests of a Subsidiary) of any Obligor or any Restricted Subsidiary, whether by sale, lease, licensing, transfer or otherwise; provided, however, that the term “Disposition”
shall be deemed to exclude any Equity Issuance. 
 “Distribution Revolver Loan” - a Revolver Loan made pursuant to
Section 2.1.1, the proceeds of which are to be used for the purpose of making Restricted Payments permitted by Section 9.2.6 hereof. 

“Document” - as defined in the UCC. 

“Dollar Equivalent Amount” - on any date, with respect to any amount denominated in Dollars, such amount in Dollars, and with
respect to any stated amount in an Alternate Currency or other foreign currency the amount of Dollars that Agent determines (which determination shall be presumed correct absent manifest error) would be necessary to be sold on such date at the
applicable Spot Rate to obtain the stated amount of the Alternate Currency or other foreign currency. 
 “Dollars” - the
lawful currency of the United States. 
 “Dominion Account” - a special account or accounts established by Obligors at Bank
of America or another bank reasonably acceptable to Agent, over which Agent has exclusive control for withdrawal purposes. 

“Eligible Account” - an Account owing to a Borrower that arises in the Ordinary Course of Business from the sale of Inventory
or the rendition of services, is payable in Dollars or Canadian Dollars (except as permitted in the clause (d) below) and is deemed by Agent, in its Permitted Discretion, to be an Eligible Account. Without limiting the foregoing, the
Accounts referred to in each of the following clauses shall not constitute Eligible Accounts: 
 (a) Accounts unpaid for more than 60 days
after the original due date or more than 90 days after the original invoice date, provided that an aggregate amount of Accounts not to exceed the greater of (i) $50,000,000 or (ii) 7% of the Borrowing Base which are unpaid for not more
than 90 days after the original due date but less than 120 days after the original invoice date shall not be excluded from Eligible Accounts solely as a result of this clause (a); 

  
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 (b) Accounts owing by an Account Debtor, 50% of the unpaid balance of which Accounts are unpaid
for more than 60 days after the original due date or more than 90 days after the original invoice date; 
 (c) Accounts owing by an Account
Debtor and all Affiliates of such Account Debtor, the aggregate unpaid balance of which exceeds 20% of the aggregate Eligible Accounts (or such higher percentage as Agent may establish for the Account Debtor from time to time), but only to the
extent of such excess; 
 (d) Accounts payable in Alternate Currencies (other than Canadian Dollars) having an aggregate Dollar Equivalent
Amount in excess of the greater of (i) $30,000,000 or (ii) 3.5% of the Borrowing Base, but only to the extent of such excess; 

(e) Accounts owed by a creditor or supplier (but ineligibility shall be limited to the amount thereof after giving effect to any netting
arrangements), or that are otherwise subject to a potential offset, counterclaim, dispute, deduction, discount, recoupment, reserve, defense, chargeback, credit or allowance (but ineligibility shall be limited to the amount thereof after giving
effect to any such amounts owed that are secured by letters of credit on terms acceptable to Agent in its Permitted Discretion); 
 (f)
Accounts owed by an Account Debtor (i) that (A) is the subject of an event of the type described in Section 10.1(f) (without reference to any time period specified therein), (B) has suspended or ceased doing business,
(C) is liquidating, dissolving or winding up its affairs, or (D) is not Solvent; or (ii) with respect to which the applicable Borrower is not able to bring suit or enforce remedies against such Account Debtor through judicial process;

 (g) Accounts owed by an Account Debtor that is organized or has its principal offices or assets outside the United States or Canada,
other than (i) those on letter of credit terms or covered by international trade insurance, in either case, acceptable to Agent in its Permitted Discretion and (ii) those owing from European Account Debtors which Accounts are otherwise
acceptable to Agent in its Permitted Discretion; 
 (h) (i) Accounts owed by a Governmental Authority (other than the United States or any
department, agency or instrumentality thereof) and (ii) Accounts owed by the United States or any department, agency or instrumentality thereof that have not been assigned to Agent in compliance with the Assignment of Claims Act,
provided, however, that Agent may, in its Permitted Discretion, deem such Accounts referred to in this clause (ii) in an aggregate net amount not to exceed the greater of (A) $50,000,000 or (B) 7% of the Borrowing
Base to be Eligible Accounts notwithstanding the failure of Borrowers to comply with the Assignment of Claims Act with respect to such Accounts; 

(i) Accounts that are not subject to a duly perfected, first priority Lien in favor of Agent, for the benefit of Secured Parties, or are
subject to any other Lien (in each case, except a Permitted Lien); 
 (j) Accounts, the goods giving rise to which have not been delivered
to the Account Debtor or to the transportation agent of the Account Debtor and accepted or deemed accepted by the Account Debtor, the services giving rise to which have not been accepted or deemed accepted by the Account Debtor, or which otherwise
do not represent a final sale; 
 (k) Accounts that are evidenced by Chattel Paper or an Instrument of any kind, or that have been reduced
to judgment; 
 (l) Accounts (i) as to which payment has been extended beyond 60 days after the original due date or beyond 90 days
after the original invoice date, in each case except as permitted in clause (a)  

  
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preceding, (ii) owed by Account Debtors that have made partial payments (provided, that up to $10,000,000 of all such Accounts with respect to which Account Debtors have made partial
payment shall not be deemed to be ineligible if such Accounts otherwise constitute Eligible Accounts), or (iii) which arise from a sale on a cash-on-delivery basis; 

(m) Accounts that arise from a sale to an Affiliate, or from a sale on a bill-and-hold, guaranteed sale, sale-or-return, sale-on-approval, consignment, or other repurchase or return basis; 

(n) Accounts that represent a progress billing or retainage; 

(o) Accounts that include a billing for interest, fees or late charges, but ineligibility shall be limited to the extent of such billing; 

(p) Accounts that arise from a retail sale to a Person who is purchasing for personal, family or household purposes; and 

(q) Accounts that represent Taxes charged to an Account Debtor of a Borrower, collected by such Borrower on behalf of the appropriate taxing
authority for remittance when due to such authority (but only to the extent of such Taxes so collected and remitted). 
 “Eligible
Assignee” - a Person that is (a) a Lender (other than a Defaulting Lender), U.S.-based Affiliate of a Lender (other than a Defaulting Lender) or Approved Fund; (b) any other financial institution approved by Agent (which approval
shall not be unreasonably withheld or delayed) and Borrower Agent (which approval shall not be unreasonably withheld or delayed and shall be deemed given if no objection is made within five Business Days after Borrower Agent’s receipt of a
written notice of the proposed assignment), that is organized under the laws of the United States or any state or district thereof, has total assets in excess of $5 billion, extends asset-based lending facilities in its ordinary course of business
and whose becoming an assignee would not constitute a prohibited transaction under Section 4975 of the Code or Section 406 of ERISA or any other Applicable Law; and (c) during any Event of Default, acceptable to Agent in its
discretion (provided that Agent’s consent thereto shall not be unreasonably withheld). 
 “Eligible Cash” - cash of a
Borrower held in a deposit accounted maintained with and pledged to Agent, for the benefit of Lenders, as security of the Obligations, and in which Agent, for the benefit of Secured Parties, has a perfected, first priority Lien. 

“Eligible Cash Equivalents” - all Cash Equivalents other than those described in clause (c) of the definition of
the term “Cash Equivalents”. 
 “Eligible Category A Inventory” - without duplication, (a) crude oil,
(b) feedstock and residuals acceptable to Agent with readily available market values as reported by a reputable publisher of market pricing reasonably acceptable to Agent, (b) finished basic fuels (including ethanol, gasoline, diesel,
kerosene and jet fuel), (c) work-in-process fuel Inventory, and (d) asphalt Inventory with readily available market values as reported by a reputable publisher of market pricing reasonably acceptable to Agent, in each case owned by a
Borrower which is Eligible Inventory; provided, however, that “Eligible Category A Inventory” shall not include Eligible Category B Inventory or Eligible In-Transit
Inventory. 
 “Eligible Category B Inventory” - without duplication, (a) work-in-process and finished specialty
Inventory and (b) other Inventory that is not Eligible Category A Inventory, in each case owned by a Borrower which is Eligible Inventory; provided, however, that “Eligible Category B Inventory” shall not
include Eligible Category A Inventory or Eligible In-Transit Inventory. 

  
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 “Eligible Credit Card Account” - subject to the immediately succeeding sentence,
each Credit Card Account owing to, and earned by performance by, a Borrower that arises in the Ordinary Course of Business from a credit card processor and/or credit card issuer and that is deemed by Agent, in its Permitted Discretion, to be an
Eligible Credit Card Account. Without limiting the foregoing, the following shall not constitute Eligible Credit Card Accounts: 
 (a)
Credit Card Accounts that have been outstanding more than five Business Days; 
 (b) Credit Card Accounts owed by a credit card issuer or
credit card processor that is the subject of an event of the type described in Section 10.1(f) (without reference to any time period specified therein) or is liquidating, dissolving or winding up its affairs; 

(c) Credit Card Accounts that are not subject to a duly perfected, first priority Lien in favor of Agent (and, for avoidance of doubt,
constitutes Collateral), for the benefit of Secured Parties, or are subject to any other Lien (in each case, except a Permitted Lien); 

(d) Credit Card Accounts that are subject to risk of set-off, non-collection or not being processed due to unpaid and/or accrued credit card
processor fee balances, but ineligibility shall be limited to the amount of such credit card processor fees; and 
 (e) Credit Card Accounts
that are evidenced by Chattel Paper or an Instrument of any kind. 
 “Eligible Exchange Agreement Positive Balance” - as of
any date of determination, the amount of Exchange Agreement Positive Balance that is deemed by Agent in its Permitted Discretion to be the aggregate Eligible Exchange Agreement Positive Balance. Without limiting the foregoing, the Eligible Exchange
Agreement Positive Balance for any Borrower under any Exchange Agreement shall be determined after (a) adjusting such Exchange Agreement Positive Balance upward or downward, as applicable, to account for discounts, allowances, rebates, credits
and other adjustments in respect of such Exchange Agreement Positive Balance and (b) deducting from such Exchange Agreement Positive Balance the amount billed for or representing retainage, if any, by counterparties to such Exchange Agreement.
Any such Eligible Exchange Agreement Positive Balance shall be excluded (i) to the extent that Agent does not have a valid, perfected, first priority security interest in the Exchange Agreement Positive Balance and in the Eligible Inventory to
which such Exchange Agreement Positive Balance relates, or (ii) with respect to which (A) the contract counterparty has disputed liability, or made any claim to or against any Borrower with respect to such Exchange Agreement Positive
Balance or with respect to any other Exchange Agreement Positive Balance due from such contract counterparty, other than for a minimal adjustment in the ordinary course of business and in accordance with regular commercial practice, (B) an
event of the type described in Section 10.1(f) (without reference to any time period specified therein) has occurred with respect to the contract counterparty, or the contract counterparty has suspended normal business operations, or
(C) the Exchange Agreement Positive Balance is not denominated and payable in Dollars. 
 “Eligible In-Transit
Inventory” - Inventory owned by a Borrower of a type described in the definition of the term “Eligible Category A Inventory” or “Eligible Category B Inventory” that does not qualify as Eligible Inventory
solely because it is in transit, but which meets each of the following requirements: 
 (a) such Inventory currently is in
transit by railcar or vessel to an owned or leased location of a Borrower set forth on Schedule 7.5.1 or as to which Obligors have given written notice to Agent in accordance with Section 7.5.1 or by pipeline to a pipeline
delivery point listed on Schedule 1.1B or another pipeline delivery point within the United States which has been specified by Borrower Agent upon ten days prior written notice to Agent (as such Schedule may be updated pursuant to
Section 13.1.1(b)); 

  
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 (b) (i) the purchase price of such Inventory has been paid for in full,
(ii) the purchase price of such Inventory is supported by a Letter of Credit and such Letter of Credit has been fully drawn upon and honored by the Issuing Bank, (iii) the purchase price of such Inventory is supported by a standby letter
of credit for the account of a Borrower on terms satisfactory to Agent in its Permitted Discretion, or (iv) such Inventory has been acquired on other credit terms satisfactory to Agent in its reasonable discretion; 

(c) title to such Inventory has passed to a Borrower and such Borrower is the sole owner of such Inventory; 

(d) such Inventory is insured against types of loss, damage, hazard and risk, and in amounts, in each case as required in
accordance with this Agreement; 
 (e) such Inventory shall not have been in-transit for more than 60 days after title to
such Inventory has passed to a Borrower; and 
 (f) such Inventory is either: 

(i) with or in an Eligible Pipeline Carrier; or 

(ii) with or in an Eligible Railroad Carrier; provided that Agent may, in its Permitted Discretion, upon prior notice to
Borrower Agent, require that: 
 (A) such Inventory is the subject of a bill of lading governed by the laws of a state
within the United States (1) that is consigned (either directly or by means of endorsements) to Agent, a Borrower (unless Agent has notified Borrower Agent that a Borrower may not be named consignee) or any other agent of Agent, (2) that
was issued by the carrier respecting the subject Inventory, and (3) that is in the possession of Agent, a Borrower (only if such bill of lading is not negotiable), a customs broker approved by Agent in its Permitted Discretion or a freight
forwarder approved by Agent in its Permitted Discretion that has executed and delivered a customs broker agreement in form and substance reasonably satisfactory to Agent or a freight forwarder agreement in form and substance reasonably satisfactory
to Agent, as applicable (in each case in the continental United States); and 
 (B) the carrier respecting the subject
Inventory shall have received a written notice in form and substance reasonably satisfactory to Agent from such Borrower which (among other things) notifies such carrier of Agent’s Lien on such Inventory and provides that such carrier is
holding such Inventory as bailee for the benefit of Agent, and a copy of such notice shall have been delivered to Agent (along with a copy of the cover letter or email used to convey such notice) and Borrowers shall use their commercially reasonable
efforts to obtain an executed acknowledgment from such carrier as to its receipt of such notice; or 
 (iii) with or in any
Eligible Vessel Carrier; provided that: 
 (A) such Inventory is the subject of a bill of lading governed by the laws of a
state within the United States (1) that is consigned (either directly or by 

  
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means of endorsements) to Agent, a Borrower (unless Agent has notified Borrower Agent that a Borrower may not be named consignee) or any other agent of Agent, (2) that was issued by the
carrier respecting the subject Inventory, and (3) that is in the possession of Agent, a Borrower (only if such bill of lading is not negotiable), a customs broker approved by Agent in its Permitted Discretion or a freight forwarder approved by
Agent in its Permitted Discretion that has executed and delivered a customs broker agreement in form and substance reasonably satisfactory to Agent or a freight forwarder agreement in form and substance reasonably satisfactory to Agent, as
applicable (in each case in the continental United States); and 
 (B) the carrier respecting the subject Inventory shall
have received a written notice in form and substance reasonably satisfactory to Agent from such Borrower which (among other things) notifies such carrier of Agent’s Lien on such Inventory and provides that such carrier is holding such Inventory
as bailee for the benefit of Agent, and a copy of such notice shall have been delivered to Agent (along with a copy of the cover letter or email used to convey such notice) and Borrowers shall use their commercially reasonable efforts to obtain an
executed acknowledgment from such carrier as to its receipt of such notice. 
 “Eligible Inventory” - subject to the
immediately succeeding sentence, all salable Inventory owned by a Borrower that is deemed by Agent, in its Permitted Discretion, to be Eligible Inventory. Without limiting the foregoing, the following shall not constitute Eligible Inventory: 

(a) Inventory consisting of packaging or shipping materials, labels, samples, display items, bags, replacement parts or
manufacturing supplies; 
 (b) Inventory held on consignment or subject to any deposit, downpayment, guaranteed sale,
sale-or-return, sale-on-approval or repurchase arrangement; 
 (c) Inventory that is not in saleable condition or is damaged,
defective, shopworn or otherwise unfit for sale; 
 (d) Inventory that is slow moving (generally based on a 12-month time
period), obsolete, defective or unmerchantable; 
 (e) Inventory (i) that does not meet in all material respects
standards imposed by any Governmental Authority or (ii) that has been acquired from an entity subject to Sanctions or any specially designated nationals list maintained by OFAC; 

(f) Inventory that is not subject to a perfected, first priority Lien in favor of Agent, for the benefit of Secured Parties, or
is subject to any other Lien (in each case, except a Permitted Lien); 
 (g) Inventory that is not within the continental
United States or Canada; 
 (h) Inventory in transit; 

(i) Inventory that is subject to any warehouse receipt or negotiable Document, unless such warehouse receipt or negotiable
Document has been delivered to Agent and (if negotiable) endorsed to Agent and Agent has a perfected, first priority Lien, for the benefit of Secured Parties, in such warehouse receipt or negotiable Document; 

  
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 (j) Inventory that is subject to any License or other arrangement that restricts
such Borrower’s or Agent’s right to manufacture or dispose of such Inventory, unless Agent has received an appropriate Lien Waiver or an appropriate Rent and Costs Reserve has been established (and Agent hereby agrees to establish such
Rent and Costs Reserve in the absence of such a Lien Waiver); 
 (k) Inventory that is located on leased premises or in the
possession of a Person other than a Borrower unless the lessor or such Person has delivered to Agent a Lien Waiver or an appropriate Rent and Costs Reserve has been established (and Agent hereby agrees to establish such Rent and Costs Reserve in the
absence of such a Lien Waiver); provided, that, with respect to Inventory at a particular location or in possession of a particular Person that in each case has an aggregate Value (per location or Person) of less than $100,000, no such
Inventory having an aggregate Value in excess of $2,500,000 will be deemed to constitute Eligible Inventory; 
 (l) Inventory
consisting of, or commingled with, Hydrocarbons, unless subject to a Structured Hydrocarbon Supply Agreement; and 
 (m)
Byproduct Inventory. 
 “Eligible Investment Grade Accounts” - Eligible Accounts owing by an Account Debtor whose
senior unsecured debt rating (or, in the case of an Account Debtor which is a direct or indirect Subsidiary of a parent company, whose parent company’s senior unsecured debt rating) from S&P is BBB- or higher or the equivalent thereof or
from Moody’s is Baa3 or higher or the equivalent thereof. 
 “Eligible LC Backed Account” - any Account owing
to a Borrower that is supported by one or more irrevocable standby letters of credit satisfactory to Agent in its Permitted Discretion (as to each of form, substance and issuer or domestic confirming bank) which have been issued to such Borrower as
beneficiary, as determined by Agent, in its Permitted Discretion, to be an Eligible LC Backed Account. Any such Account shall be considered an “Eligible LC Backed Account” to the extent of the amount owing in respect thereof and for which
drawing under the applicable letter of credit is then available, and after reduction for any offsets or other amounts or claims of the Account Debtor that reduce the amount that may be drawn under the applicable letter of credit, all as determined
from time to time by Agent in its Permitted Discretion. 
 “Eligible LC Backed Future Inventory” - Inventory of a type
described in the definition of the term “Eligible Category A Inventory” or “Eligible Category B Inventory” that is not owned by a Borrower, but as to which, as determined by Agent in its Permitted
Discretion and with respect to each purchase of Inventory separately: 
 (a) a Borrower has contracted for the purchase of
(and will purchase) such Inventory from a seller for whom such sale is in the ordinary course of business; 
 (b) the unpaid
obligation of such Borrower for the purchase of such Inventory is supported by (i) a documentary Letter of Credit that requires the original document of title relating to such Inventory to be delivered to Issuing Bank with respect to such
Letter of Credit or its designee in connection with a drawing under such Letter of Credit, or (ii) a standby Letter of Credit that provides that the beneficiary thereunder is not permitted to make any drawing thereunder until the beneficiary
has delivered a certificate to such Issuing Bank with respect to such Letter of Credit certifying that delivery of such Inventory has been made by the beneficiary to such Borrower and payment therefor is past due and owing; 

  
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 (c) promptly upon such Inventory becoming owned by such Borrower, it will
constitute either Eligible Category A Inventory or Eligible Category B Inventory; 
 (d) Agent shall be satisfied,
in its Permitted Discretion, with the terms of the arrangements pursuant to which such Borrower shall acquire ownership of such Inventory in the event of a draw under such Letter of Credit; and 

(e) Agent shall, at its option, have confirmed with the seller of such Inventory the amounts owing, which shall be no less in
amount that reported by Borrower Agent to Agent. 
 “Eligible Paid But Unexpired Positive Balance of LCs” - as of any date
of determination, the positive remainder (if any) of (a) the aggregate undrawn amount under all outstanding standby Letters of Credit issued to support the purchase of Eligible Inventory by a Borrower minus (b) the aggregate unpaid
amount payable to such suppliers in respect of such Eligible Inventory which could be drawn under and pursuant to the terms of such standby Letter of Credit. 

“Eligible Pipeline Carrier” - any pipeline listed on Schedule 1.1F or any other pipeline approved from time to time by
Agent in its Permitted Discretion. 
 “Eligible Railroad Carrier” - any railroad carrier listed on Schedule 1.1G or
any other railroad carrier approved from time to time by Agent in its Permitted Discretion. 
 “Eligible
Reinvestment” - (a) any acquisition (whether or not constituting a capital expenditure, but not constituting an Acquisition) of assets or any business (or any substantial part thereof) used or useful in the same or similar line of
business as MLP Parent and its Subsidiaries were engaged in on the Closing Date (or any reasonable extensions or expansions thereof) or any other business that generates gross income that constitutes “qualifying income” under
Section 7704(d) of the Code and relates to the exploration for, or development, mining, production, ownership, operation, processing, refining, storage, transportation, marketing, distribution or other handling of, petroleum-based products,
biofuels, feedstocks (including, without limiting the generality of the foregoing, oil and natural gas), and other minerals and fuels related to the foregoing, and (b) any Permitted Acquisition, provided that such acquisition referred to in
clause (a) preceding and such Permitted Acquisition referred to in clause (b) preceding must be consummated on or before the date that is 360 days following the date of the related permitted Disposition or Involuntary
Disposition. 
 “Eligible Unbilled Accounts” - an Account owing to a Borrower which, at the time of determination
and as determined by Agent in its Permitted Discretion, (a) would be an Eligible Account but for the fact that it then remains unbilled and is not the subject of an invoice and (b) is a right to payment for the sale of Eligible Inventory
which (i) has been delivered to the applicable Account Debtor within the immediately preceding 30 days and (ii) is not then included in the determination of the Inventory Formula Amount or any other component of the Borrowing Base. 

“Eligible Vessel Carrier” - any vessel carrier listed on Schedule 1.1H or any other vessel carrier approved from time
to time by Agent in its Permitted Discretion. 
 “Enforcement Action” - any action to enforce any Obligations or Credit
Documents or to exercise any right or remedy relating to any Collateral (whether by judicial action, self-help, notification of Account Debtors, exercise of setoff or recoupment, credit bid, action in an Obligor’s Insolvency Proceeding or
otherwise). 
 “Environmental Laws” - any and all Federal, state, local, and foreign statutes, laws, regulations,
ordinances, rules, judgments, orders, decrees or other legally binding governmental restrictions relating to 

  
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public health (other than occupational safety and health regulated by OSHA) or to pollution and the protection of the environment or the release of any materials into the environment, including
those related to hazardous substances or wastes, air emissions and discharges to waste or public systems and including CERCLA, RCRA and CWA. 

“Environmental Liability” - any liability, contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnities), of MLP Parent, any other Obligor or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Environmental Release or threatened Environmental Release of any Hazardous Materials
into the environment, or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Environmental Notice” - a written notice from any Governmental Authority or other Person of any possible noncompliance with,
investigation of a possible violation of, litigation relating to, or potential fine or liability under any Environmental Law, or with respect to any Environmental Release, environmental pollution or Hazardous Materials, including any complaint,
summons, citation, order, claim, demand or request for correction, remediation or otherwise. 
 “Environmental Release” - a
release as defined in CERCLA or under any other Environmental Law. 
 “Equipment” - as defined in the UCC, including all
machinery, apparatus, equipment, fittings, furniture, fixtures, motor vehicles and other tangible personal Property (other than Inventory), and all parts, accessories and special tools therefor, and accessions thereto. 

“Equity Interest” - (a) in the case of a corporation, capital stock, (b) in the case of an association or business
entity, any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock, (c) in the case of a partnership, partnership interests (whether general or limited), (d) in the case of a limited
liability company, membership interests, and (e) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 

“Equity Issuance” - any issuance by any Consolidated Party to any Person of (a) shares or units of its Equity Interests,
(b) any shares or units of its Equity Interests pursuant to the exercise of options or warrants, (c) any shares or units of its Equity Interests pursuant to the conversion of any debt securities to equity or the conversion of any class
equity securities to any other class of equity securities, or (d) any options or warrants relating to its Equity Interests. The term “Equity Issuance” shall not be deemed to include any Disposition. 

“ERISA” - the Employee Retirement Income Security Act of 1974. 

“ERISA Affiliate” - any trade or business (whether or not incorporated) under common control with any Obligor within the
meaning of subsections (b) and (c) of Section 414 of the Code (and subsections (m) and (o) of Section 414 of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Event” - (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by any Obligor or any ERISA
Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under
Section 4062(e) of ERISA; (c) a complete or partial 

  
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withdrawal by any Obligor, any Restricted Subsidiary or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing of a
notice of intent to terminate a Pension Plan in a distress termination (within the meaning of Section 4041(c) of ERISA), or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan, (e) an event or
condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the imposition of any liability under Title IV of ERISA,
other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any Obligor or any ERISA Affiliate. 

“Euro” - the official currency unit of the member states of the European Union who have adopted European Monetary Union. 

“Event of Default” - as defined in Section 10.1. 

“Exchange Agreement” - an agreement under which a Borrower undertakes to deliver goods on behalf of an unaffiliated Person to
a customer of such Person in exchange for such Person’s delivery of similar goods to a customer of a Borrower. 
 “Exchange
Agreement Positive Balance” - as of any date of determination, with respect to a Borrower that is a party to an Exchange Agreement, the positive balance of the Value of Eligible Category A Inventory or Eligible Category B
Inventory (as applicable) that such Borrower has the right to receive in the ordinary course of business from a counterparty to such Exchange Agreement (other than an Affiliate of such Borrower or another party determined by Agent in its Permitted
Discretion to be unacceptable) or money owing to such Borrower in connection with an exchange of Eligible Category A Inventory or Eligible Category B Inventory (as applicable) under such Exchange Agreement, net of any negative positions,
offsets or counterclaims. 
 “Excluded Deposit Account” – as defined in Section 7.4. 

“Excluded Disposition” –any Disposition consisting of (a) the sale, lease, license, transfer or other disposition
of Property in the ordinary course of such Consolidated Party’s business, including, without limiting the generality of the foregoing, (i) Dispositions in connection with scheduled turnarounds, maintenance, and equipment and facility
upgrades and (ii) Dispositions of Inventory, (b) the sale, lease, license, transfer or other disposition of obsolete or worn out property whether now owned or hereafter acquired, (c) any sale, lease, license, transfer or other
disposition of Property by such Consolidated Party to any Obligor, provided that Obligors shall cause to be executed and delivered such documents, instruments and certificates as Agent may reasonably request so as to cause Obligors to be in
compliance with the terms of Section 9.1.13 after giving effect to such transaction, (d) any Involuntary Disposition by such Consolidated Party or in respect of such Consolidated Party’s Property, (e) any Disposition by
such Consolidated Party constituting a Permitted Investment, (f) if such Consolidated Party is not an Obligor, any sale, lease, license, transfer or other disposition of Property by such Consolidated Party to any Consolidated Party that is not
an Obligor, (g) Dispositions of equipment or real property to the extent that replacement property is acquired substantially contemporaneously with such Disposition, and (h) the sale, lease, license, transfer, pledge or other disposition
of any metal or other element, composite or alloy used as, or part of, a catalyst in the operation of the refinery assets of any Consolidated Party. 

“Excluded Swap Obligation” - with respect to an Obligor, each Swap Obligation as to which, and only to the extent that, such
Obligor’s guaranty of or grant of a Lien as security for such Swap Obligation is or becomes illegal under the Commodity Exchange Act because such Obligor does not constitute an “eligible contract participant” as defined in such act
(determined after giving effect to any keepwell, support or other agreement for the benefit of such Obligor and all guarantees of Swap Obligations by other Obligors) when such guaranty or grant of Lien becomes effective with respect to the Swap

  
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Obligation. If a Hedging Agreement governs more than one Swap Obligation, only the Swap Obligation(s) or portions thereof described in the foregoing sentence shall be Excluded Swap Obligation(s)
for the applicable Obligor. 
 “Excluded Taxes” - any of the following Taxes imposed on or with respect to a Recipient or
required to be withheld or deducted from a payment to a Recipient: (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes and branch profits Taxes, in each case (i) imposed as a result of such Recipient being
organized under the laws of, or having its principal office or applicable Lending Office located in, the jurisdiction imposing such Tax, or (ii) constituting Other Connection Taxes; (b) in the case of a Lender, U.S. federal withholding
Taxes imposed on amounts payable to or for the account of a Lender with respect to its interest in a Loan or Commitment pursuant to a law in effect when such Lender acquires such interest in the Loan or Commitment (except pursuant to an assignment
request by Borrower Agent under Section 3.7.2(b)) or changes its Lending Office, unless the Taxes were payable to its assignor immediately prior to such assignment or to such Lender immediately prior to its change in Lending Office;
(c) Taxes attributable to a Recipient’s failure to comply with Section 5.9 and (d) U.S. federal withholding Taxes imposed pursuant to FATCA. 

“Exclusive Entity” – an Unrestricted Subsidiary that would otherwise constitute an MLP Subsidiary but for the fact that
it has been designated by Board Resolution of the Board of Directors of MLP, a copy of which shall have been delivered to Agent, as an entity that shall not be deemed an MLP Subsidiary for purposes of this Agreement. 

“Existing Credit Agreement” - that certain Amended and Restated Credit Agreement dated as of June 24, 2011, among
certain of Borrowers, the financial institutions party thereto from time to time as lenders and Bank of America, N.A, as agent for such lenders, as amended, modified or otherwise supplemented from time to time prior to the execution of this
Agreement. 
 “Existing Letters of Credit” - the letters of credit identified on Schedule 1.1D hereto. 

“Extraordinary Expenses” - all costs, expenses or advances that Agent may incur during a Default or Event of Default, or
during the pendency of an Insolvency Proceeding of an Obligor, including those relating to (a) any audit, inspection, repossession, storage, repair, appraisal, insurance, manufacture, preparation or advertising for sale, sale, collection, or
other preservation of or realization upon any Collateral; (b) any action, arbitration or other proceeding (whether instituted by or against Agent, any Lender, any Obligor, any representative of creditors of an Obligor or any other Person) in
any way relating to any Collateral (including the validity, perfection, priority or avoidability of Agent’s Liens with respect to any Collateral), any Credit Documents, or the validity, allowance or amount of any Obligations, including any
lender liability or other Claims asserted against Agent or any Lender; (c) the exercise, protection or enforcement of any rights or remedies of Agent in, or the monitoring of, any Insolvency Proceeding; (d) settlement or satisfaction of
any Taxes, charges or Liens with respect to any Collateral; (e) any Enforcement Action; (f) negotiation and documentation of any modification, waiver, workout, restructuring or forbearance with respect to any Credit Documents or
Obligations; or (g) Protective Advances. Such costs, expenses and advances include transfer fees, Taxes, storage fees, insurance costs, permit fees, utility reservation and standby fees, out-of-pocket legal fees of outside counsel, appraisal
fees, brokers’ fees and commissions, auctioneers’ fees and commissions, accountants’ fees, environmental study fees, wages and salaries paid to employees of any Obligor or independent contractors in liquidating any Collateral, and
travel expenses. 
 “FATCA” - Sections 1471 through 1474 of the Code as of the date of this Agreement (or any amended
or successor version if substantively comparable and not materially more onerous to comply with), any current or future regulations promulgated thereunder or official interpretations thereof, any agreements entered into pursuant to
Section 1471(b)(1) of the Code and any applicable intergovernmental agreements and related legislation or official administrative rules or practices with respect thereto. 

  
 SECOND AMENDED AND RESTATED CREDIT
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 “Federal Funds Rate” - (a) the weighted average of interest rates on
overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers on the applicable Business Day (or on the preceding Business Day, if the applicable day is not a Business Day), as published by the
Federal Reserve Bank of New York on the next Business Day; or (b) if no such rate is published on the next Business Day, the average rate (rounded up, if necessary, to the nearest 1/16th of
1%) charged to Bank of America on the applicable day on such transactions, as determined by Agent. 
 “Fee Letter” - that
certain letter agreement dated as of May 20, 2014 between MLP Parent and Bank of America. 
 “First Purchase Crude
Payables” - at any time, the aggregate unpaid amount of all obligations of any Borrower or any Restricted Subsidiary as a “first purchaser” of crude oil or other Hydrocarbons, which is secured by a statutory “first
purchaser” Lien created under the laws of any state, including Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, Oklahoma, Tennessee and Texas, to the extent such amount is not at the time of determination covered by a Letter
of Credit issued hereunder. 
 “First Purchaser Reserve” - the aggregate amount of reserves established by Agent from time
to time in its Permitted Discretion in respect of First Purchase Crude Payables owed, or which are reasonably expected to be owed, by a Borrower; provided, however, that, (a) so long as Availability is greater than $300,000,000
and the Leverage Ratio is less than 4.0 to 1.0 (but Availability is not greater than $400,000,000 and the Leverage Ratio is not less than 3.0 to 1.0), the First Purchaser Reserve shall be not greater than the amount by which the First Purchase Crude
Payables exceed $50,000,000; and (b) so long as Availability is greater than $400,000,000 and the Leverage Ratio is less than 3.0 to 1.0, the First Purchaser Reserve shall be not greater than the amount by which the First Purchase Crude
Payables exceed $100,000,000. 
 “Fiscal Quarter” - each period of three months, commencing on the first day of a Fiscal
Year. 
 “Fiscal Year” - the fiscal year of Consolidated Parties for accounting and tax purposes, ending on
December 31 of each year. 
 “Fixed Charge Coverage Ratio” - the ratio, determined for the most recent four
Fiscal Quarters, of (a) Consolidated EBITDA, minus Consolidated Capital Expenditures (excluding (i) Consolidated Capital Expenditures financed by other than Loans and (ii) Consolidated Capital Expenditures financed by the
proceeds of an Equity Issuance or the incurrence of Indebtedness permitted hereby which proceeds are received on or before the date one hundred eighty days following the commencement of the relevant project(s)), minus maintenance turnaround
expenses, minus Consolidated Cash Taxes, to (b) Fixed Charges. 
 “Fixed Charges” - for any period and
without duplication, the sum of (a) Consolidated Interest Charges (other than payment-in-kind interest), plus (b) the sum, for Obligors and their Restricted Subsidiaries on a consolidated basis, of principal payments on Borrowed
Money scheduled to be paid during such period and mandatory prepayments of principal paid during such period (other than principal payments made with the proceeds of an Equity Issuance, incurrence of Indebtedness (other than Indebtedness under this
Agreement) or Disposition of assets other than Collateral not prohibited by the terms of this Agreement, in each case, within 90 days of such issuance, incurrence or Disposition) plus (c) any dividends, distributions or other Restricted
Payments (other than Restricted Payments permitted pursuant to Section 9.2.6(b), Section 9.2.6(c) and Section 9.2.6(d)(v), but only to the extent that such 

  
 SECOND AMENDED AND RESTATED CREDIT
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Restricted Payments do not involve a payment in cash) made by MLP Parent or any other Obligor or Subsidiary of MLP Parent to the holders or a holder of the Equity Interests of MLP Parent during
such period, plus (d) the sum of all management fees and consulting fees made by any Obligor or Restricted Subsidiary to any Affiliate which is not an Obligor or Restricted Subsidiary during such period, other than (i) any such
payment made for reimbursement of Obligor or Restricted Subsidiary expenses which is otherwise included in the calculation of Consolidated Net Income, or (ii) other such payments otherwise included in the calculation of Consolidated Net Income,
plus (e) the aggregate amount of any prepayment premiums paid by Obligors and their Restricted Subsidiaries during such period in connection with the repayment of Indebtedness. 

“FLSA” - the Fair Labor Standards Act of 1938. 

“Foreign Lender” - any Lender that is not a U.S. Person. 

“Foreign Plan” - any employee benefit plan or arrangement that principally provides retirement benefits (a) maintained
or contributed to by any Obligor or Subsidiary that is not subject to the laws of the United States; or (b) mandated by a government other than the United States for employees of any Obligor or Subsidiary. 

“Foreign Subsidiary” - a Subsidiary that is organized under the laws of a jurisdiction other than the United States, any
State thereof or the District of Columbia. 
 “Fronting Exposure” - at any time a Defaulting Lender exists, such Defaulting
Lender’s Pro Rata share of LC Obligations, Swingline Loans and Protective Advances then outstanding, in each case, except to the extent Cash Collateralized or allocated to other Lenders pursuant to the terms hereof. 

“Full Payment” - with respect to any Obligations, (a) the full and indefeasible cash payment thereof, including
any interest, fees and other charges accruing during an Insolvency Proceeding (whether or not allowed in the proceeding); (b) if such Obligations are LC Obligations or inchoate or contingent in nature (other than unasserted contingent
indemnification obligations, if any, as to which no claim has been made or is reasonably anticipated to be made), (i) Cash Collateralization thereof, (ii) delivery of a standby letter of credit acceptable to Agent in its discretion, in the
amount of the required Cash Collateral, or (iii) any combination of the foregoing); and (c) if such Obligations relate to any Bank Product Indebtedness, (i) Cash Collateralization thereof, (ii) delivery of a standby letter of
credit acceptable to the applicable Person providing the Bank Product to which such Bank Product Indebtedness relates (the “Bank Product Provider”), (iii) posting of collateral acceptable to the applicable Bank Product
Provider, (iv) termination of all agreements giving rise to such Bank Product Indebtedness or novation of such agreements to the satisfaction of the applicable Bank Product Provider, or (v) any combination of the foregoing. Notwithstanding
the immediately preceding sentence or anything to the contrary contained in this Agreement, no Loans or LC Obligations shall be deemed to have been paid in full until all Commitments related to such Loans or LC Obligations have expired or been
terminated. 
 “GAAP” - generally accepted accounting principles in effect in the United States from time to time.

 “General Intangibles” - as defined in the UCC, including choses in action, causes of action, company or other business
records, inventions, blueprints, designs, patents, patent applications, trademarks, trademark applications, trade names, trade secrets, service marks, goodwill, brand names, copyrights, registrations, licenses, franchises, customer lists, permits,
tax refund claims, computer programs, operational manuals, internet addresses and domain names, insurance refunds and premium rebates, all rights to indemnification, and all other intangible Property of any kind. 

  
 SECOND AMENDED AND RESTATED CREDIT
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 “General Revolver Loan” - a Revolver Loan made pursuant to Section 2.1.1
other than a Distribution Revolver Loan. 
 “Governmental Approvals” - all authorizations, consents, approvals,
licenses and exemptions of, registrations and filings with, and required reports to, all Governmental Authorities. 
 “Governmental
Authority” - any federal, state, local, foreign or other agency, authority, body, commission, court, instrumentality, political subdivision, central bank, or other entity or officer exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions for any governmental, judicial, investigative, regulatory or self-regulatory authority (including the Financial Conduct Authority, the Prudential Regulation Authority and any supra-national bodies
such as the European Union or European Central Bank). 
 “Guarantee” - as to any Person, (a) any obligation,
contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly
or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease Property,
securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any
other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any
other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person
securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien).
The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum
reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning. 

“Guarantor” - each Subsidiary of MLP Parent (other than a Borrower, a Foreign Subsidiary or an Unrestricted Subsidiary) or
other Person who guarantees payment or performance of any Obligations. 
 “Guarantor Payment” - as defined in
Section 5.10.3(b). 
 “Guaranty” - each guaranty agreement executed by a Guarantor in favor of Agent. 

“Hazardous Materials” - all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or
other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any
Environmental Law. 
 “Hedge Agreement Collateral” - the “Secured Hedge Collateral” as such
term is defined in the Hedge Intercreditor Agreement, provided, however, that the “Hedge Agreement Collateral” shall not include any Collateral. 

“Hedge Intercreditor Agreement” - that certain Amended and Restated Intercreditor Agreement dated as of April 21, 2011,
among Agent, Bank of America, as “Secured Hedge Agent”, MLP Parent and certain Affiliates of MLP Parent, including any replacement thereof approved by Agent from time to time. 

  
 SECOND AMENDED AND RESTATED CREDIT
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 “Hedging Agreement” - any “swap agreement” as defined in
Section 101(53B)(A) of the Bankruptcy Code. 
 “Hydrocarbons” - means oil, gas, casing head gas, condensate,
distillate, liquid hydrocarbons, gaseous hydrocarbons, all products refined, separated, settled and dehydrated therefrom (including, without limitation, kerosene, liquefied petroleum gas, refined lubricating oils, diesel fuel, drip gasoline and
natural gasoline and all other minerals). 
 “Immaterial Subsidiary” - any Subsidiary of MLP Parent which
(a) (i) for the most recent Fiscal Year of Consolidated Parties had less than $15,000,000 of revenues and (ii) as of the end of such Fiscal Year was the owner of less than $15,000,000 of assets, all as shown on the consolidated
financial statements of Consolidated Parties for such Fiscal Year, or (b) was formed or acquired subsequent to the end of the most recent Fiscal Year of Consolidated Parties and, as of such date of determination, has less than such amount of
revenues and assets as of such date. Notwithstanding the foregoing, no Subsidiary which meets the preceding criteria shall be deemed to be an Immaterial Subsidiary if it, along with other Subsidiaries of MLP Parent which would also meet the
preceding criteria, collectively (A) for the most recent Fiscal Year of Consolidated Parties had (together with such other Subsidiaries) more than $50,000,000 of revenues and (B) as of the end of such Fiscal Year was (together with such
other Subsidiaries) the owner of more than $50,000,000 of assets, all as shown on the consolidated financial statements of Consolidated Parties for such Fiscal Year. A list of the Immaterial Subsidiaries as of the Closing Date is set forth on
Schedule 1.1E attached hereto. 
 “Increase Effective Date” - as
defined in Section 2.2.4. 
 “Incremental Revolver Facility” - as defined in Section 2.2.1. 

“Incremental Revolver Loans” - as defined in Section 2.2.1. 

“Indebtedness” - with respect to any Person, without duplication, (a) all obligations of such Person for Borrowed Money,
(b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, or upon which interest payments are customarily made (other than trade debt incurred in the Ordinary Course of Business and due within six months
of the incurrence thereof), (c) all obligations of such Person under conditional sale or other title retention agreements relating to Property purchased by such Person (other than customary reservations or retentions of title under agreements
with suppliers entered into in the Ordinary Course of Business), (d) all obligations of such Person issued or assumed as the deferred purchase price of Property or services purchased by such Person (other than trade debt incurred in the
Ordinary Course of Business and due within six months of the incurrence thereof) which would appear as liabilities on a balance sheet of such Person, (e) all obligations of such Person under take-or-pay or similar arrangements or under
commodities agreements, (f) the Attributable Indebtedness of such Person with respect to Capital Leases and Synthetic Lease Obligations, (g) all net obligations of such Person under Swap Contracts, (h) all direct and contingent
reimbursement obligations in respect of letters of credit (other than trade letters of credit) and bankers’ acceptances, including, without duplication, all unreimbursed drafts drawn thereunder (less the amount of any cash collateral securing
any such letters of credit or and bankers’ acceptances), (i) the principal component or liquidation preference of all Equity Interests issued by a Consolidated Party and which by the terms thereof could at any time prior to the Revolver
Termination Date be (at the request of the holders thereof or otherwise) subject to mandatory sinking fund payments, mandatory redemption or other acceleration, (j) the outstanding principal amount of all payment obligations of such Persons
under Securitization Transactions, (k) all Indebtedness of others secured by (or for which the holder of such Indebtedness has 

  
 SECOND AMENDED AND RESTATED CREDIT
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an existing right, contingent or otherwise, to be secured by) any Lien on, or payable out of the proceeds of production from, Property owned or acquired by such Person, whether or not the
obligations secured thereby have been assumed, (l) all Guarantees of such Person with respect to Indebtedness of another Person, and (m) the Indebtedness of any partnership or unincorporated joint venture in which such Person is a general
partner or a joint venturer to the extent such Indebtedness is recourse to such Person. The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. To the extent that
the rights and remedies of the obligee of any Indebtedness are limited to certain property and are otherwise non-recourse to such Person, the amount of such Indebtedness shall be limited to the value of the Person’s interest in such property
(valued at the higher of book value or market value as of such date of determination). 
 “Indemnified Taxes” -
(a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any Obligation of any Obligor under any Credit Document; and (b) to the extent not otherwise described in clause (a), Other Taxes.

 “Indemnitees” - Agent Indemnitees, Arranger Indemnitees, Lender Indemnitees, Issuing Bank Indemnitees and Bank of
America Indemnitees, without duplication. 
 “Information” - as defined in Section 13.12. 

“Insolvency Proceeding” - any case or proceeding commenced by or against a Person under any state, federal or foreign law
for, or any agreement of such Person to, (a) the entry of an order for relief under the Bankruptcy Code, or any other insolvency, debtor relief or debt adjustment law; (b) the appointment of a receiver, trustee, liquidator, administrator,
conservator or other custodian for such Person or any part of its Property; or (c) an assignment or trust mortgage for the benefit of creditors. 

“Instrument” - as defined in the UCC. 

“Intellectual Property” - all intellectual and similar Property of a Person, including inventions, designs, patents, patent
applications, copyrights, trademarks, service marks, trade names, trade secrets, confidential or proprietary information, customer lists, know-how, software and databases; all embodiments or fixations thereof and all related documentation,
registrations and franchises; all books and records describing or used in connection with the foregoing; and all licenses or other rights to use any of the foregoing. 

“Intellectual Property Claim” - any claim or assertion (whether in writing or by suit) that a Consolidated Party’s
ownership, use, marketing, sale or distribution of any Inventory, Equipment, Intellectual Property or other Property violates another Person’s Intellectual Property. 

“Intercompany Debt” - as defined in Section 13.18. 

“Interest Period” - as defined in Section 3.1.3. 

“Interest Rate Swaps” - Swap Contracts entered into for the purpose of protecting any Obligor or Restricted Subsidiary from
fluctuations in interest rates and not for speculative purposes. 
 “Inventory” - as defined in the UCC, including all
goods intended for sale, lease, display or demonstration; all work in process; and all raw materials, and other materials and supplies of any kind that are or could be used in connection with the manufacture, printing, packing, shipping,
advertising, sale, lease or furnishing of such goods, or otherwise used or consumed in a Person’s business (but excluding Equipment). 

  
 SECOND AMENDED AND RESTATED CREDIT
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 “Inventory Reserve” - reserves established by Agent in its Permitted Discretion
exercised in good faith to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks.

 “Investment” - in any Person, means (a) any Acquisition of such Person or its Property, (b) any other
acquisition of Equity Interests, bonds, notes, debentures, partnership, joint ventures or other ownership interests or other securities of such other Person, (c) any deposit with, or advance, loan or other extension of credit to, such Person
(other than deposits made in connection with the purchase of equipment inventory and supplies in the Ordinary Course of Business) or (d) any other capital contribution to or investment in such Person, including any Guarantee incurred for the
benefit of such Person and any Disposition to such Person for consideration less than the fair market value of the Property disposed in such transaction, but excluding any Restricted Payment to such Person. Investments which are capital
contributions or purchases of Equity Interests which have a right to participate in the profits of the issuer thereof shall be valued at the amount (or, in the case of any Investment made with Property other than cash, the book value of such
Property) actually contributed or paid (including cash and non-cash consideration and any assumption of Indebtedness) to purchase such Equity Interests as of the date of such contribution or payment. Investments which are loans, advances, extensions
of credit or Guarantees shall be valued at the principal amount of such loan, advance or extension of credit outstanding as of the date of determination or, as applicable, the principal amount of the loan or advance outstanding as of the date of
determination actually guaranteed by such Guarantees. If MLP Parent or any Restricted Subsidiary of MLP Parent sells or otherwise disposes of any Equity Interests of any direct or indirect Restricted Subsidiary of MLP Parent such that, after giving
effect to any such sale or Disposition, such Person is no longer a Restricted Subsidiary of MLP Parent, then MLP Parent will be deemed to have made an Investment on the date of any such sale or Disposition in an amount equal to the fair market value
of the Equity Interests of such Restricted Subsidiary so sold or otherwise disposed of (with the fair market value of any such Investment determined reasonably and in good faith, in the case of amounts less than $35,000,000, by an officer of Calumet
GP and, in the case of amounts equal to or greater than $35,000,000, by the Board of Directors of MLP Parent). 
 “Investment
Property” - as defined in the UCC. 
 “Involuntary Disposition” - any loss of, damage to or destruction of, or any
condemnation or other taking for public use of, any Property of MLP Parent or any Restricted Subsidiary. 
 “IP
License” - that certain License to Use Intellectual Property Rights dated April 21, 2011, executed by MLP Parent and certain of its Affiliates to Agent, for the benefit of Agent and Lenders, including any replacement thereof approved
by Agent from time to time. 
 “IRS” - the United States Internal Revenue Service. 

“Issuing Bank” - Bank of America, an Affiliate of Bank of America or any other Lender reasonably approved by Borrower
Agent, with the consent of Agent (which consent shall not be unreasonably withheld, conditioned or delayed), to act as an “Issuing Bank” hereunder that issues Letters of Credit hereunder, or any replacement appointed pursuant to
Section 2.3.4. 
 “Issuing Bank Indemnitees” - Issuing Bank and its Related Parties. 

“JPMorgan” - J.P. Morgan Securities LLC and it successors and permitted assigns. 

“JPMorgan Indemnitees” - JPMorgan and its Related Parties. 

  
 SECOND AMENDED AND RESTATED CREDIT
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 “Joint Venture” - any Person that is not a direct or indirect Subsidiary of MLP
Parent in which MLP Parent or any of its Restricted Subsidiaries makes any Investment. 
 “Judgment Currency” - as defined
in Section 1.5.2. 
 “LC Application” - an application by Borrower Agent to an Issuing Bank for issuance or, if
applicable, amendment, extension or renewal of a Letter of Credit, in form and substance reasonably satisfactory to such Issuing Bank. 

“LC Conditions” - the following conditions necessary for issuance of a Letter of Credit: (a) each of the conditions set
forth in Section 6.2; (b) after giving effect to such issuance, (i) total LC Obligations do not exceed an amount equal to the LC Sublimit, (ii) Revolver Usage does not exceed the Borrowing Base and (iii) no
Overadvance exists; (c) the expiration date of such Letter of Credit is (i) (A) no more than 365 days from issuance (or last extension), in the case of standby Letters of Credit, and (B) no more than 120 days from issuance (or
last extension), in the case of documentary Letters of Credit, in each case, unless Required Lenders have approved such expiry date, and (ii) at least three Business Days prior to the Revolver Termination Date; provided, that any Letter
of Credit may contain automatic extension provisions so long as (1) such provisions permit the Issuing Bank to prevent any such extension at least once in each twelve month period by giving prior notice to the beneficiary thereof not later than
a day in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued and (2) the final expiry date of such Letter of Credit does not extend beyond three Business Days prior to the Revolver Termination Date;
(d) the Letter of Credit and payments thereunder are denominated in Dollars or an Alternate Currency requested by Borrower Agent and acceptable (as to the Alternate Currency) to Issuing Bank and Agent for purposes of the issuance of such Letter
of Credit; (e) the form of the proposed Letter of Credit is reasonably satisfactory to the applicable Issuing Bank in its discretion; and (f) with respect to any Issuing Bank, after giving effect to such issuance, the total LC Obligations
in respect of Letters of Credit issued by such Issuing Bank do not exceed any sublimit which may be agreed to from time to time in writing between Borrower Agent and such Issuing Bank. 

“LC Documents” - all documents, instruments and agreements (including LC Applications) delivered by Borrowers or any other
Person to Issuing Bank or Agent in connection with issuance, amendment or renewal of, or payment under, any Letter of Credit. 
 “LC
Obligations” - the sum (without duplication) of (a) all amounts owing by Borrowers for any drawings under Letters of Credit; (b) the Stated Amount of all outstanding Letters of Credit; and (c) all fees and other amounts owing
with respect to Letters of Credit. 
 “LC Sublimit” - $600,000,000, which amount may be increased at the request of
Borrower Agent and with the consent of Agent to 90% of the Revolver Commitments then in effect. 
 “Lender Indemnitees” -
Lenders and their Related Parties. 
 “Lenders” - as defined in the first paragraph of this Agreement, including Agent in
its capacity as a provider of Swingline Loans and any other Person who hereafter becomes a “Lender” pursuant to an Assignment and Acceptance pursuant to Section 12.3. 

“Lending Office” - the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire,
or such other office or offices as a Lender may from time to time notify Borrower Agent and Agent. 
 “Letter of Credit” -
(a) any standby or documentary letter of credit issued by Issuing Bank for the account of a Borrower, or any indemnity, guarantee, exposure transmittal memorandum or similar form of credit support issued by Agent or Issuing Bank for the benefit
of a Borrower pursuant to Section 2.3, and (b) the Existing Letters of Credit. 

  
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 “Leverage Ratio” - the ratio, determined for the most recent four Fiscal
Quarters for which Obligors’ financial statements are available, of (a) the aggregate principal amount of Borrowed Money of Obligors and their Restricted Subsidiaries at the end of such period to (b) Consolidated EBITDA. 

“LIBOR” - for any Interest Period with respect to a LIBOR Loan, the per annum rate of interest (rounded up, if necessary, to
the nearest 1/16th of 1%) determined by Agent at or about 11:00 a.m. (London time) two Business Days prior to an Interest Period (in the case of a LIBOR Loan which is not an Alternate Swingline Loan) or on the Rate Determination Date with respect to
such Interest Period (in the case of an Alternate Swingline Loan), for a term equivalent to such period, equal to the London Interbank Offered Rate, or comparable or successor rate approved by Agent, as published on the applicable Reuters screen
page (or other commercially available source designated by Agent from time to time); provided that any such comparable or successor rate shall be applied by Agent, if administratively feasible, in a manner consistent with market practice. If
the Board of Governors imposes a Reserve Percentage with respect to LIBOR deposits, then LIBOR shall be the foregoing rate, divided by 1 minus the Reserve Percentage. 

“LIBOR Loan” - each set of LIBOR Revolver Loans having a common length and commencement of Interest Period. 

“LIBOR Revolver Loan” - a Revolver Loan that bears interest based on LIBOR. 

“License” - any license or agreement under which an Obligor is authorized to use Intellectual Property in connection with any
manufacture, marketing, distribution or disposition of Collateral, any use of Property or any other conduct of its business. 

“Licensor” - any Person from whom an Obligor obtains a License for the right to use any Intellectual Property. 

“Lien” - any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other),
charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of
way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing). 

“Lien Waiver” - an agreement, in form and substance reasonably satisfactory to Agent, by which (a) for any material
Collateral located on leased premises, the lessor waives or subordinates any Lien it may have on the Collateral, and agrees to permit Agent to enter upon the premises and remove the Collateral or to use the premises to store or dispose of the
Collateral; (b) for any Inventory held by a warehouseman, processor, freight forwarder, shipper or customs broker, such Person waives or subordinates any Lien it may have on the Inventory, agrees to hold any Documents in its possession relating
to the Inventory as agent for Agent, and agrees to deliver the Inventory to Agent upon request; (c) for any Collateral held by a repairman, mechanic or bailee, such Person acknowledges Agent’s Lien, waives or subordinates any Lien it may
have on the Collateral, and agrees to deliver the Collateral to Agent upon request; and (d) for any Collateral subject to a Licensor’s Intellectual Property rights, such Licensor grants to Agent the right, vis-à-vis such Licensor,
to enforce Agent’s Liens with respect to the Collateral, including the right to dispose of it with the benefit of such Intellectual Property or a license therefor, whether or not a default exists under any applicable License, but in any event
with such changes as may be approved by Agent. 

  
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 “Loan” - a Revolver Loan. 

“Loan Account” - the loan account established by each Lender on its books pursuant to Section 5.7. 

“Loan Year” - each calendar year commencing on the Closing Date and each one-year anniversary of the Closing Date. 

“Marked-to-Market Basis” - at the date of delivery of each Borrowing Base Certificate, as to Eligible
Category A Inventory, for each type of such Eligible Category A Inventory specified on Schedule 1.1C hereto, as determined by reference to the pricing method for determining the then current fair
market value of Eligible Category A Inventory as specified for such type of inventory on Schedule 1.1C hereto; provided, that if a price or quotation is not available for a particular type of
Eligible Category A Inventory for any reason on a particular Business Day, the most recently available price or quotation from a prior Business Day shall be used for that type of Eligible Category A Inventory. Notwithstanding the
foregoing, if any of the indexes or quotations defined in the column “Pricing Method” in Schedule 1.1C are discontinued, or if any such index or quotation is suspended or not publicly
available for more than five consecutive Business Days for a particular type of inventory and there is a reasonable likelihood that such index or quotation will not be available for any extended period of time for that type of inventory:
(a) Agent and Borrower Agent shall negotiate in good faith for a suitable substitute index or other suitable pricing mechanism for determining the fair market value of the type of inventory in question; and (b) until such time as such
substitute index or pricing mechanism is agreed to by Agent and Borrower Agent, the fair market value of the particular type of inventory for which indexes or quotations are no longer available shall be the lower of cost or market, calculated on a
first-in, first-out basis determined by Agent in its Permitted Discretion. “Marked-to-Market Basis” for each type of Eligible In-Transit Inventory and each type of Eligible LC Backed Future Inventory which is (or when delivered to a
Borrower, will be) Eligible Category A Inventory shall mean and be determined the same as if such Eligible In-Transit Inventory and such Eligible LC Backed Future Inventory were Eligible Category A Inventory of the same type.

 “Material Adverse Effect” - (a) a material adverse change in, or a material adverse effect upon, the
operations, business, properties, liabilities (actual or contingent) or condition (financial or otherwise) of Obligors and their Restricted Subsidiaries taken as a whole; (b) a material impairment of the ability of any Obligor to perform its
obligations under any Credit Document to which it is a party; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against any Obligor of any Credit Document to which it is a party.  

“Maximum Distribution Revolver Loans Amount” - $70,000,000. 

“Maximum Rate” - as defined in Section 3.9. 

“MLPFS” - Merrill Lynch, Pierce, Fenner & Smith Incorporated and its successors and permitted assigns. 

“MLP” means a limited partnership with one or more classes of securities registered under the Securities Act of 1933,
as amended, (a) in which an Obligor or one or more of its Restricted Subsidiaries has direct or indirect ownership interest, (b) whose general partner is Controlled directly or indirectly by an Obligor, and (c) that is engaged in a
business that generates “qualifying income” within the meaning of Section 7704(d) of the Code. 
 “MLP Credit
Facility” means a credit facility entered into by an MLP or one or more MLP Subsidiaries (other than MLP Holdco) as borrowers. 

  
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 “MLP GP” means the general partner of an MLP. 

“MLP Holdco” means a Subsidiary of an Obligor that owns all of the outstanding Equity Interests of an MLP GP and certain
Equity Interests of an MLP but no other material assets. 
 “MLP General Partner” - Calumet GP, or any other Person acting
in the capacity as general partner of MLP Parent. 
 “MLP Parent” - as defined in the first paragraph of this Agreement.

 “MLP Partnership Agreement” - the partnership agreement of MLP Parent, including all amendments thereto. 

“MLP Subsidiary” means (a) an Unrestricted Subsidiary of an Obligor that is itself an MLP, an MLP GP or an MLP Holdco
and has not been designated as an Exclusive Entity in accordance with Section 9.4, and (b) each Subsidiary of the entities described in clause (a) preceding. 

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

“Multiemployer Plan” - any employee benefit plan of the type described in Section 4001(a)(3) of ERISA to which any
Obligor or any ERISA Affiliate makes or is obligated to make contributions or, during the preceding five plan years, has made or been obligated to make contributions. 

“Net Cash Proceeds” - the aggregate cash or Cash Equivalents proceeds received by any Obligor in respect of any Disposition
or Involuntary Disposition, net of (a) costs and expenses incurred in connection therewith (including legal, accounting and investment banking fees, and sales commissions), (b) Taxes paid or reasonably estimated to be payable as a result
thereof, and (c) in the case of any Disposition, the amount necessary to retire any Indebtedness secured by a Permitted Lien (ranking senior to any Lien of Agent) on the related Property; it being understood that “Net Cash
Proceeds” shall include, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of any non-cash consideration received by any Obligor or Restricted Subsidiary in any Disposition or Involuntary
Disposition, but only as and when received. 
 “NOLV Percentage” - the net orderly liquidation value of Inventory,
expressed as a percentage, expected to be realized at an orderly, negotiated sale held within a reasonable period of time, net of all related commissions, fees and expenses, as determined from the most recent appraisal of Borrowers’ Inventory
performed by an appraiser and on terms satisfactory to Agent. 
 “Non-Consenting Lender” means any Lender that does not
approve any consent, waiver or amendment that (a) requires the approval of all Lenders, all affected Lenders or the Supermajority Lenders in accordance with the terms of Section 13.1 and (b) has been approved of by Required
Lenders. 
 “Non-Recourse Indebtedness” - means Indebtedness: (a) as to which neither MLP Parent nor any of its
Restricted Subsidiaries (i) provides credit support of any kind (including any undertaking, agreement or instrument that would constitute Indebtedness) or (ii) is directly or indirectly liable as a guarantor or otherwise; (b) no
default with respect to which (including any rights that the holders of the Indebtedness may have to take enforcement action against an Unrestricted Subsidiary) would permit upon notice, lapse of time or both any holder of any other Indebtedness
(other than the Obligations) of MLP Parent or any of its Restricted Subsidiaries to declare a default on such other Indebtedness or cause the payment of the Indebtedness to be accelerated or payable prior to its stated maturity; and (c) as to
which the lenders on such Indebtedness do not have any recourse to the Equity Interests or assets of MLP Parent or any of its Restricted Subsidiaries except as contemplated by clause (x) of Section 9.2.1. For purposes of determining
compliance with Section 9.2.3, in the event that any Non-Recourse Indebtedness of any 

  
 SECOND AMENDED AND RESTATED CREDIT
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Unrestricted Subsidiary of MLP Parent ceases to be Non-Recourse Indebtedness of such Unrestricted Subsidiary on any date, such event will be deemed to constitute an incurrence on such date of
Indebtedness by a Restricted Subsidiary of MLP Parent. 
 “Notes” - each promissory note executed by a Borrower to evidence
any Obligations. 
 “Notice of Borrowing” - a loan notice to be provided by Borrower Agent to request the funding of a
Borrowing of Revolver Loans, in substantially the form attached hereto as Exhibit E. 
 “Notice of
Conversion/Continuation” - a loan notice to be provided by Borrower Agent to request a conversion or continuation of any Loans as LIBOR Loans, in substantially the form attached hereto as Exhibit E. 

“Obligations” - without duplication, all (a) principal of and premium, if any, on the Loans, (b) LC Obligations and
other obligations of Obligors with respect to Letters of Credit, (c) interest, expenses, fees and other sums payable by Obligors under any Credit Document, (d) obligations of Obligors under any indemnity for Claims, (e) Extraordinary
Expenses, (f) Bank Product Indebtedness, and (g) other Indebtedness, obligations and liabilities of any kind owing by any Obligor pursuant to any Credit Document, whether now existing or hereafter arising, whether evidenced by a Note or
other writing, whether allowed in any Insolvency Proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or
contingent, due or to become due, primary or secondary, or joint or several; provided, that Obligations of an Obligor shall not include its Excluded Swap Obligations; provided, further, that (i) any Bank Product
Indebtedness (A) shall be secured and guaranteed pursuant to the Collateral Documents until Full Payment of the Obligations and (B) shall not include any such obligations entered into after the counterparty to the applicable Interest Rate
Swap or provider of Bank Products, as applicable, ceases to be a Lender or an Affiliate of a Lender or after assignment by such counterparty to another Person that is not a Lender or an Affiliate of a Lender, (ii) any release of Collateral or
Guarantors effected in the manner permitted by this Agreement shall not require the consent of holders of obligations under the applicable Interest Rate Swaps or providers of Bank Products, and (iii) with respect to Interest Rate Swaps, the
amount of secured Obligations thereunder shall not exceed the net amount, including any net termination payments, that would be required to be paid to the counterparty to such Interest Rate Swap on the date of termination of such Interest Rate Swap.

 “Obligor” - each Borrower, Guarantor or other Restricted Subsidiary (other than a Foreign Subsidiary, unless such
Foreign Subsidiary has agreed to become a Guarantor in accordance with the terms hereof) of MLP Parent that is liable for payment of any Obligations or that has executed a Collateral Document. For the avoidance of doubt, (a) the general partner
of a limited partnership that is a Consolidated Party shall not be deemed to be an Obligor solely due to its capacity as general partner and (b) MLP General Partner shall not be an Obligor. 

“Obligor Materials” - Borrowing Base Certificates, Compliance Certificates and other information, reports, financial
statements and other materials delivered by any Obligor hereunder, as well as all other reports and information provided by Agent to Lenders in connection with this Agreement or any other Credit Document. 

“OFAC” - Office of Foreign Assets Control of the U.S. Treasury Department. 

“Operating Lease” - as applied to any Person, (a) an operating lease under GAAP, (b) any lease that was treated as
an operating lease under GAAP at the time it was entered into that later becomes a Capital Lease as a result of a change in GAAP during the life of such lease, including any renewals thereof, and (c) any lease entered into after the date of
this Agreement that would have been considered as operating lease under GAAP as in effect as of December 31, 2013, in each case, other than any such lease in which that Person is the lessor. 

  
 SECOND AMENDED AND RESTATED CREDIT
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 “Ordinary Course of Business” - with respect to any Person, the ordinary course
of business of such Person, consistent with past practices and undertaken in good faith. 
 “Organization Documents” -
(a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability
company, the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable
agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or
organization and, if applicable, any certificate or articles of formation or organization of such entity. 
 “OSHA” - the
Occupational Safety and Health Act of 1970, as amended. 
 “Other Agreement” - each Note, each LC Document, the Fee Letter,
the IP License, each Lien Waiver, each Borrowing Base Certificate, each Compliance Certificate, the Hedge Intercreditor Agreement, all financial statements or reports delivered hereunder and all other documents, instruments or agreements (other than
this Agreement or a Collateral Document), in each case, now or hereafter delivered by an Obligor or Restricted Subsidiary to Agent or a Lender in connection with any transactions (excluding, for the avoidance of doubt, hedging and other swap
transactions) contemplated by the Credit Documents. 
 “Other Connection Taxes” - with respect to any Recipient,
Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from the Recipient having executed, delivered, become party to, performed its obligations
under, received payments under, received or perfected a Lien under, engaged in any other transaction pursuant to or enforced any Loan or Credit Document, or sold or assigned an interest in any Loan or Credit Document). 

“Other Taxes” - all present or future stamp, court, documentary, intangible, recording, filing or similar Taxes that arise
from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a Lien under, or otherwise with respect to, any Loan or Credit Document, except any such Taxes that are Other
Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to an assignment request by Borrower Agent under Section 3.7.2(b)). 

“Overadvance” - as defined in Section 2.1.4. 

“Overadvance Loan” - a Base Rate Revolver Loan made when an Overadvance exists or is caused by the funding thereof. 

“Participant” - as defined in Section 12.2.1. 

“Patriot Act” - the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001, Pub. L. No. 107-56, 115 Stat. 272 (2001), as it may be amended. 
 “Payment Intangible” - as
defined in the UCC. 

  
 SECOND AMENDED AND RESTATED CREDIT
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 “Payment Item” - each check, draft or other item of payment payable to an
Obligor, including those constituting proceeds of any Collateral. 
 “PBGC” - the United States Pension Benefit Guaranty
Corporation. 
 “Pension Plan” - any “employee pension benefit plan” (as such term is defined in
Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by any Obligor or any ERISA Affiliate or to which any Obligor or any ERISA Affiliate contributes or has an
obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years. 

“Permitted Acquisition” - an Acquisition permitted pursuant to the terms of Section 9.2.2(h) or
Section 9.2.2(k). 
 “Permitted Investments” - as defined in Section 9.2.2. 

“Permitted Discretion” - a determination made by Agent in good faith and in the exercise of reasonable (from the
prospective of a secured asset-based lender) business judgment exercised in accordance with Agent’s generally applicable credit policies. 

“Permitted Lien” - Liens in respect of Property of an Obligor or its Subsidiary permitted to exist pursuant to the terms of
Section 9.2.1. 
 “Person” - any individual person, corporation, limited liability company, trust, joint
venture, association, company, partnership, unincorporated organization, Governmental Authority or other entity. 
 “Pesos”
- the lawful currency of Mexico. 
 “Plan” - any “employee benefit plan” (as such term is defined in
Section 3(3) of ERISA) established by any Obligor or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate. 

“Platform” - as defined in Section 13.4.3. 

“Prepayment Conditions” - (a) Availability (i) at all times during the 30-day period preceding any payment,
prepayment, redemptions, acquisition for value, refund, refinance or exchange and (ii) on the date of such payment, prepayment, redemption, acquisition for value, refund, refinance or exchange and after giving effect thereto, shall be equal to
or greater than 15% of the Borrowing Base then in effect; and (b) if Availability as referred to in clause (a)(i) or (ii) above is less than 25% of the Borrowing Base then in effect (which Availability under
clause (a)(i) above shall be, for purposes of this clause (b) only, calculated on an average basis), Borrowers shall have demonstrated to the reasonable satisfaction of Agent, based on adjustments made in good faith using
reasonable assumptions, that the Fixed Charge Coverage Ratio on a Pro Forma Basis (after giving effect to such payment, prepayment, redemption, acquisition for value, refund, refinance and/or exchange) shall be at least 1.0 to 1.0. 

“Prime Rate” - the rate of interest announced by Bank of America from time to time in accordance with its standard policies
and procedures as its prime rate. Such rate is set by Bank of America on the basis of various factors, including its costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans,
which may be priced at, above or below such rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. 

  
 SECOND AMENDED AND RESTATED CREDIT
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 “Pro Forma Basis” - means, in connection with the calculation as of the
applicable Calculation Date (utilizing the principles set forth in Section 1.2) of the Fixed Charge Coverage Ratio in respect of a proposed transaction (a “Specified Transaction”) as of the date on which such Specified
Transaction is to be effected, the making of such calculation after giving effect on a pro forma basis to: 
 (a) the
consummation of such Specified Transaction as of the first day of the applicable Calculation Period; 
 (b) the assumption,
incurrence or issuance of any Indebtedness by any of Consolidated Parties (including any Person which became a Subsidiary pursuant to or in connection with such Specified Transaction) in connection with such Specified Transaction, as if such
Indebtedness had been assumed, incurred or issued (and the proceeds thereof applied) on the first day of such Calculation Period (with any such Indebtedness bearing interest at a floating rate being deemed to have an implied rate of interest for the
applicable period equal to the rate which is or would be in effect with respect to such Indebtedness as of the applicable Calculation Date); 

(c) the permanent repayment, retirement or redemption of any Indebtedness (other than revolving Indebtedness, except to the
extent accompanied by a permanent commitment reduction) by any of Consolidated Parties (including any Person which became a Subsidiary pursuant to or in connection with such Specified Transaction) in connection with such Specified Transaction, as if
such Indebtedness had been repaid, retired or redeemed on the first day of such Calculation Period; 
 (d) other than in
connection with such Specified Transaction, any assumption, incurrence or issuance of any Indebtedness by any of Consolidated Parties during the period beginning with the first day of the applicable Calculation Period through and including the
applicable Calculation Date, as if such Indebtedness had been assumed, incurred or issued (and the proceeds thereof applied) on the first day of such Calculation Period (with any such Indebtedness bearing interest at a floating rate being deemed to
have an implied rate of interest for the applicable period equal to the weighted average of the interest rates actually in effect with respect to such Indebtedness during the portion of such period that such Indebtedness was outstanding); and 

(e) other than in connection with such Specified Transaction, the permanent repayment, retirement or redemption of any
Indebtedness (other than revolving Indebtedness, except to the extent accompanied by a permanent commitment reduction) by any of Consolidated Parties during the period beginning with the first day of the applicable Calculation Period through and
including the applicable Calculation Date, as if such Indebtedness had been repaid, retired or redeemed on the first day of such Calculation Period. 

All pro forma calculations permitted or required to be made pursuant to this Agreement shall include only those adjustments
that would be (i) permitted or required by Regulation S-X promulgated under the Securities Act of 1933, as amended, together with those adjustments that (A) have been certified by the Chief Financial Officer of Borrower Agent as having
been prepared in good faith based upon reasonable assumptions and (B) are based on reasonably detailed written assumptions reasonably acceptable to Agent and (ii) required by the definition of Consolidated EBITDA; provided,
however, that, at all times during which Availability is equal to or greater than the greater of 12.5% of the Borrowing Base or $45,000,000 (which amount is subject to increase as provided in Section 1.4), such pro forma
calculations so permitted or required shall give effect to expense or cost reductions that have occurred or are reasonably expected to occur within the immediately succeeding 12 months in the reasonable judgment of the Chief Financial Officer
of Borrower Agent whether or not such expense or cost reductions could then be reflected in pro forma financial statements prepared in accordance with such Regulation S-X or any other related regulation or policy of the SEC. 

  
 SECOND AMENDED AND RESTATED CREDIT
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 For purposes of calculations made of the Fixed Charge Coverage Ratio
(including without limitation for purposes of the financial covenant set forth in Section 9.3), subject to the foregoing, (a) after consummation of any Disposition (i) income statement items (whether positive or negative) and
Capital Expenditures attributable to the Property disposed of shall be excluded and (ii) Indebtedness which is retired shall be excluded and deemed to have been retired as of the first day of the applicable period and (b) after
consummation of any Acquisition (i) income statement items (whether positive or negative) and Capital Expenditures attributable to the Person or Property acquired shall, to the extent not otherwise included in such income statement items for
Consolidated Parties in accordance with GAAP or in accordance with any defined terms set forth in Section 1.1, be included to the extent relating to any period applicable in such calculations, (ii) to the extent not retired in
connection with such Acquisition, Indebtedness of the Person or Property acquired shall be deemed to have been incurred as of the first day of the applicable period, and (iii) for the purposes of calculating the Fixed Charge Coverage Ratio
under Section 9.2.2(h)(iv) only, any pro forma expense or cost reductions in connection with such Acquisition that have occurred or are reasonably expected to occur within the twelve months immediately subsequent to the Calculation Date,
in the reasonable judgment of any Senior Officer of MLP General Partner (whether or not those expense or cost reductions could then be reflected in pro forma financial statements in accordance with Regulation S-X promulgated under the Securities Act
of 1933, as amended, or any other regulation or policy of the Securities and Exchange Commission related thereto), shall be given pro forma effect. 

“Pro Rata” - with respect to any Lender (subject to Section 4.2), a percentage (expressed as a decimal, rounded
to the ninth decimal place) determined (a) while Revolver Commitments are outstanding, by dividing the amount of such Lender’s Revolver Commitment then in effect by the aggregate amount of all Revolver Commitments then in effect; and
(b) at any other time, by dividing the amount of such Lender’s outstanding Loans by the aggregate amount of all outstanding Loans. 

“Property” - any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible. 

“Protective Advances” - as defined in Section 2.1.5. 

“Purchase Money Lien” - a Lien that secures Indebtedness permitted by Section 9.2.3(e) encumbering only
the Property, other than Collateral, acquired with such Indebtedness and proceeds thereof (including insurance proceeds). 

“Qualified ECP” - an Obligor with total assets exceeding $10,000,000, or that constitutes an “eligible contract
participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” under Section 1a(18)(A)(v)(II) of such act. 

“Qualifying Owners” - collectively, any of the owners of Calumet GP as of the date of this Agreement and their respective
Affiliates, and the trustees, beneficiaries or the heirs or family members of any of the foregoing, including The Heritage Group, Grube Grat, LLC, Irrevocable Intervivos Trust No. 12.27.73 for the Benefit of Fred Mehlert Fehsenfeld, Jr. and his
issue, dated December 18, 2012 and Maggie Fehsenfeld Trust No. 106 12.30.74 for the Benefit of Fred Mehlert Fehsenfeld, Jr. and his issue, dated December 18, 2012. 

  
 SECOND AMENDED AND RESTATED CREDIT
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 “Quarterly Average Availability” - the average of Availability for each day of
the immediately preceding calendar quarter as calculated by Agent (which shall be presumed correct absent manifest error). 

“Quarterly Average Availability Percentage” - an amount, expressed as a percentage and calculated as of the last day of each
calendar quarter, equal to (a) the Quarterly Average Availability for such calendar quarter divided by (b) the daily average Borrowing Base in effect during such period, in each case in effect during such calendar quarter. 

“Rate Determination Date” - with respect to an Interest Period for a LIBOR Loan which is an Alternate Swingline Loan, that
date that is two Business Days prior to the commencement of such Interest Period or such other day as is generally treated as the rate fixing day by market practice in the relevant interbank market, as determined by Agent; provided, that to the
extent such market practice is not administratively feasible for Agent, then “Rate Determination Date” means such other day as otherwise reasonably determined by Agent. 

“RCRA” - the Resource Conservation and Recovery Act (42 U.S.C. §§ 6991-6991i). 

“Real Estate” - at any time, a collective reference to each of the facilities and real Properties owned, leased or operated
by MLP Parent and the Restricted Subsidiaries at such time. 
 “Recipient” - Agent, Issuing Bank, any Lender or any other
recipient of a payment to be made by an Obligor under a Credit Document or on account of an Obligation. 
 “Refinancing
Indebtedness” – as defined in Section 9.2.3(b). 
 “Regulation D” - Regulation D of the Board of
Governors, as in effect from time to time and any successor or other regulation or official interpretation of the Board of Governors, and all official rulings and interpretations thereunder or thereof. 

“Reimbursement Date” - as defined in Section 2.3.2(a). 

“Related Party” - with respect to any Person, such Person’s Affiliates and the partners, directors, managers, officers,
employees, agents and advisors of such Person and of such Person’s Affiliates. 
 “Rent and Costs Reserve” - the
aggregate of, without duplication, (a) all past due rent, storage fees, handling fees, processing fees, delivery fees, transport fees and other amounts owing by an Obligor to any seller, landlord, warehouseman, processor, repairman, mechanic,
freight forwarder, shipper, pipeline or barge or vessel owner or operator, broker or other Person, in each case, who sold, possesses, handles, stores, controls, processes, delivers or transports any Inventory or could assert a Lien on any Inventory;
and (b) except if and to the extent that the applicable Person has executed a Lien Waiver, all such rent and other amounts referred to in clause (a) preceding which are due or to become due during the period of time that Agent
believes in its Permitted Discretion may be required to obtain possession of and liquidate the applicable Inventory free of all Liens (other than Agent’s Lien), provided, however, that, with respect to pipeline operators, such period of time
shall not exceed one month and, with respect to other Persons, such period of time shall not exceed three months. Without limiting the generality of the foregoing, in the case of Eligible In-Transit Inventory and other Eligible Inventory which is in
transit, a Rent and Cost Reserve may be established by Agent in its Permitted Discretion for the estimated costs and expenses relating to unpaid freight, pipeline, transport or other delivery fees, charges or expenses, warehouse or storage charges,
taxes, duties and other similar fees, costs and expenses associated with the acquisition, transport, delivery, storage, handling or processing such Inventory, including the estimated reclamation claims of unpaid sellers of such Inventory. 

  
 SECOND AMENDED AND RESTATED CREDIT
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 “Report” - as defined in Section 11.2.3. 

“Reportable Event” - any event set forth in Section 4043(b) of ERISA, other than events for which the 30-day notice
period has been waived under applicable PBGC regulations. 
 “Reporting Trigger Event” - the occurrence of any of the
following: (a) Availability falls below the greater of (i) 20% of the Borrowing Base then in effect (for three consecutive days) or (ii) $60,000,000 (which amount is subject to increase as provided in Section 1.4), or
(b) a Default or an Event of Default. 
 “Required Financial Information” - with respect to each fiscal period or
quarter of Consolidated Parties, (a) the financial statements required to be delivered pursuant to Section 9.1.1(a), (b) or (c) for such fiscal period or quarter, and (b) the Compliance Certificate of a Senior
Officer of Borrower Agent or its general partner required by Section 9.1.2(a) to be delivered with the financial statements described in clause (a) above. 

“Required Lenders” - Lenders (subject to Section 4.2) having (a) Revolver Commitments in excess of 50% of
the aggregate Revolver Commitments; and (b) if the Revolver Commitments have terminated in full or expired, Loans and participations in LC Obligations described in clauses (a) and (b) of the definition thereof in excess of 50% of all
outstanding Loans and all such LC Obligations or, if all Loans and all such LC Obligations have been Paid In Full, in excess of 50% of the aggregate remaining Obligations; provided, however, that Commitments, Loans and other
Obligations held by a Defaulting Lender and its Affiliates shall be disregarded in making such calculation, but any related Fronting Exposure shall be deemed held as a Loan or LC Obligation by the Secured Party that funded the applicable Loan or
issued the applicable Letter of Credit. 
 “Reserve Percentage” - the reserve percentage (expressed as a decimal, rounded
up to the nearest 1/8th of 1%) applicable to member banks under regulations issued from time to time by the Board of Governors for determining the maximum reserve requirement (including any
emergency, supplemental or other marginal reserve requirement) with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits. 

“Restricted Account” - one or more deposit accounts or securities accounts maintained by and with Agent in the United States
and designated by Agent and Borrowers as a restricted account in the name of, and subject to the control of, Agent, each of which deposit accounts or securities accounts is (a) subject to a control agreement in form and substance reasonably
satisfactory to Agent that permits only Agent to direct the disposition of funds therein at all times, (b) subject to a valid and perfected, first priority Lien in favor of Agent as security for the Obligations and is not subject to any other
Lien, and (c) segregated from the operations and cash management of all Consolidated Parties. 
 “Restricted Account
Balance” - as of any date of determination, the aggregate amount of cash and Eligible Cash Equivalents denominated in Dollars of Borrowers on deposit or held in a Restricted Account, which amount of Eligible Cash Equivalents shall be
reasonably determined by Agent. 
 “Restricted Payment” - with respect to any Person, any dividend or other distribution
(whether in cash, securities or other property) with respect to any Equity Interest of such Person or any of its Subsidiaries, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account
of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of any such Equity Interest, or on account of any return of capital to such Person’s stockholders, partners or members (or the equivalent of any
thereof), or any option, warrant or other right to acquire any such dividend or other distribution or payment. 

  
 SECOND AMENDED AND RESTATED CREDIT
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 “Restricted Subsidiary” - any Subsidiary of MLP Parent that is not an
Unrestricted Subsidiary. Notwithstanding anything in this Agreement to the contrary, Calumet Finance shall be a Restricted Subsidiary of MLP Parent. 

“Revolver Commitment” - for any Lender, its obligation to make Revolver Loans and to participate in LC Obligations up to the
maximum principal amount shown on Schedule 1.1A (as such Schedule may be amended or replaced from time to time), or as specified hereafter in the most recent Assignment and Acceptance to which it is a party and entered into pursuant to
Section 12.3. “Revolver Commitments” means the aggregate amount of such commitments of all Lenders, as such amount may be increased from time to time in accordance with Section 2.2 or decreased from time to
time in accordance with Section 2.1.3(b). The Revolver Commitments as of the Closing Date total $1,000,000,000. 

“Revolver Loan” - any loan or advance made pursuant to this Agreement, including any General Revolver Loan or Distribution
Revolver Loan, Swingline Loan, Overadvance Loan, Protective Advance or Incremental Revolver Loan. 
 “Revolver Note” - a
promissory note to be executed by Borrowers in favor of a Lender in the form of Exhibit A, which shall evidence the Revolver Loans made by such Lender. 

“Revolver Termination Date” – July 14, 2019. 

“Revolver Usage” - as of any date of determination, the sum of (a) the aggregate principal amount of all Revolver Loans
plus (b) the aggregate amount of all LC Obligations described in clauses (a) and (b) of the definition thereof, in each case, outstanding on such date. 

“S&P” - Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc., and any
successor thereto. 
 “Sanction” - any international economic sanction administered or enforced by the United States
Government (including OFAC) prohibiting or restricting transactions involving particular persons, entities or countries. 
 “Sale
and Leaseback Transaction” - any arrangement pursuant to which any Consolidated Party, directly or indirectly, becomes liable as lessee, guarantor or other surety with respect to any lease, whether an Operating Lease or a Capital Lease, of
any Property (a) which such Consolidated Party has sold or transferred (or is to sell or transfer) to a Person which is not a Consolidated Party or (b) which such Consolidated Party intends to use for substantially the same purpose as any
other Property which has been sold or transferred (or is to be sold or transferred) by such Consolidated Party to another Person which is not a Consolidated Party in connection with such lease. 

“Sarbanes-Oxley” - the Sarbanes-Oxley Act of 2002, as amended. 

“SEC” – the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
functions. 
 “Secured Parties” - Agent, Issuing Bank, Lenders and providers of Bank Products; provided that no such
provider of Bank Products, in its capacity as such, shall have any rights under any Credit Document in connection with the management or release of any Collateral or the obligations of any Obligor under the Credit Documents. 

“Securitization Transaction” - any financing transaction or series of financing transactions (including factoring
arrangements) pursuant to which a Person may sell, convey or otherwise transfer, or grant a security interest in, accounts, rights to receive payments, receivables, rights to future lease 

  
 SECOND AMENDED AND RESTATED CREDIT
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payments or residuals or similar rights to payment to a third party financial institution or a special purpose subsidiary or Affiliate of such Person and such transaction involving a special
purpose subsidiary or Affiliate is related to a second step sale to or other financing of such property by a third party financial institution. 

“Security Agreement” - that certain Second Amended and Restated Security and Pledge Agreement dated as of the Closing Date
among Obligors party thereto from time to time and Agent. 
 “Senior Notes” - (a) $275,000,000 aggregate
principal amount of 9-5/8% unsecured senior notes due 2020 pursuant to the 2012 Senior Notes Indenture (as defined in “Senior Notes Indenture”), (b) $350,000,000 aggregate principal amount of 7-5/8% unsecured senior notes due 2022
pursuant to the 2013 Senior Notes Indenture (as defined in “Senior Notes Indenture”), (c) $900,000,000 aggregate principal amount of 6.50% unsecured senior notes due 2021 pursuant to the 2014 Senior Notes Indenture (as defined
in “Senior Notes Indenture”), and (d) any subsequent offering of unsecured senior notes, without regard to principal amount, having a maturity date that is at or after April 15, 2021, in each case issued by MLP Parent and Calumet
Finance. 
 “Senior Notes Agreements” - the Senior Notes, the Senior Notes Indentures and the Senior Notes
Registration Rights Agreements. 
 “Senior Notes Indentures” - (a) that certain Indenture, dated as of June 29,
2012, by and among MLP Parent and Calumet Finance, as issuers, the “Guarantors” (as defined therein) and Wilmington Trust, National Association, as trustee (the “2012 Senior Notes Indenture”), (b) that certain Indenture,
dated as of November 26, 2013, by and among MLP Parent and Calumet Finance, as issuers, the “Guarantors” (as defined therein) and Wilmington Trust, National Association, as trustee (the “2013 Senior Notes Indenture”),
(c) that certain Indenture, dated as of March 31, 2014, by and among MLP Parent and Calumet Finance, as issuers, the “Guarantors” (as defined therein) and Wilmington Trust, National Association, as trustee (the “2014 Senior
Notes Indenture”), and (d) any note purchase agreement, indenture or other agreement evidencing any other Senior Notes or any refinancing of the foregoing permitted by Section 9.2.3. 

“Senior Notes Registration Rights Agreements” – (a) that certain Registration Rights Agreement dated
June 29, 2012, among certain Borrowers, as issuers or guarantors of the Senior Notes, and the “Initial Purchasers” (as defined therein), (b) that certain Registration Rights Agreement dated November 26, 2013, among certain
Borrowers, as issuers or guarantors of the Senior Notes, and the “Initial Purchasers” (as defined therein), (c) that certain Registration Rights Agreement dated March 31, 2014, among certain Borrowers, as issuers or guarantors of
the Senior Notes, and the “Initial Purchasers” (as defined therein), and (d) any registration rights agreement or similar agreement relating to any other Senior Notes or any refinancing thereof permitted by
Section 9.2.3. 
 “Senior Officer” - with respect to any Person, the chief executive officer, president,
chief financial officer, vice president-finance, treasurer or assistant treasurer of such Person. Any document delivered hereunder that is signed by a Senior Officer of a Person shall be conclusively presumed to have been authorized by all necessary
corporate, partnership and/or other action on the part of such Person and such Senior Officer shall be conclusively presumed to have acted on behalf of such Person. 

“Settlement Report” - a report delivered by Agent to Lenders summarizing the Revolver Loans and participations in LC
Obligations outstanding as of a given settlement date, allocated to Lenders on a Pro Rata basis in accordance with their Revolver Commitments. 

“Solvent” or “Solvency” - with respect to any Person as of a particular date, that on such date
(a) such Person is able to pay its debts and other liabilities, contingent obligations and other commitments as 

  
 SECOND AMENDED AND RESTATED CREDIT
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they mature in the Ordinary Course of Business, (b) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay as
such debts and liabilities mature in their ordinary course, (c) such Person is not engaged in a business or a transaction, and is not about to engage in a business or a transaction, for which such Person’s Property would constitute
unreasonably small capital, (d) the fair value of the Property of such Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person, and (e) the present fair salable value of
the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured. In computing the amount of contingent liabilities at any time, it is intended
that such liabilities will be computed at the amount which, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. In determining the
Solvency of a Borrower, due consideration shall be given to such Borrower’s contribution and other rights, under common law or otherwise, from or against other Borrowers. 

“Specified Obligor” - an Obligor that is not then an “eligible contract participant” under the Commodity Exchange
Act (determined prior to giving effect to Section 5.10). 
 “Specified Transaction” - as defined in the
definition of “Pro Forma Basis” as set forth in this Section 1.1. 
 “Spot Rate” - the
exchange rate, as determined by Agent or Issuing Bank, as the case may be, that is applicable to conversion of one currency into another currency, which is (a) the exchange rate reported by Bloomberg (or other commercially available source
designated by Agent) as of the end of the preceding business day in the financial market for the first currency; or (b) if such report is unavailable for any reason, the spot rate for the purchase of the first currency with the second currency
as in effect during the preceding business day in Agent’s principal foreign exchange trading office for the first currency (provided that, upon request from Borrower Agent from time to time and in conjunction with each of the preceding
determinations, Borrower Agent shall be provided a written description of the applicable Spot Rate and the sources used to determine such rate). 

“Springing Dominion Account” – (a) with respect to Calumet Lubricants Co., Limited Partnership, an Indiana limited
partnership, an account specified by and held at Bank of America established by Agent in its name and under its sole and exclusive control at its offices in Dallas, Texas designated as “Calumet Lubricants Co., L.P.”, and (b) any other
account established by Bank of America to receive funds from a lockbox account or other account of any Obligor. 
 “State Excise Tax
Reserve” – the aggregate amount of reserves established by Agent from time to time in its Permitted Discretion in respect of state excise taxes that will be payable by Borrowers in connection with sales of Inventory included in the
calculation of the Borrowing Base. 
 “Stated Amount” – the outstanding amount of a Letter of Credit, including
any automatic increase or tolerance with respect to such amount, whether or not then effective, that is provided by the terms of such Letter of Credit or the LC Documents related thereto. 

“Statutory Conversion” - a conversion of a Person (the “Pre-Conversion Entity”) such that, when such
conversion is effected, under the laws of the jurisdiction of formation of the Person to which the Pre-Conversion Entity has converted (such second Person, the “Post-Conversion Entity”) (a) the Post-Conversion Entity shall be
organized or existing under the laws of one of the United States and shall be deemed to be the same legal entity as the Pre-Conversion Entity and the conversion shall constitute a continuation of the existence of the Pre-Conversion Entity in the
form of the Post-Conversion Entity, (b) the conversion shall not be deemed to affect any obligations or liabilities of the Pre-Conversion Entity incurred prior to its conversion, (c) all of the rights, privileges and powers of the
Pre-Conversion Entity, 

  
 SECOND AMENDED AND RESTATED CREDIT
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and all property, real, personal and mixed, and all debts due to the Pre-Conversion Entity, as well as all other things and causes of action belonging to the Pre-Conversion Entity, shall remain
vested in the Post-Conversion Entity and shall be the property of the Post-Conversion Entity, and the title to any real property vested by deed or otherwise in the Pre-Conversion Entity shall not revert or be in any way impaired by reason of the
conversion, (d) all rights of creditors and all Liens upon any property of the Pre-Conversion Entity shall be preserved unimpaired, and all debts, liabilities and duties of the Pre-Conversion Entity shall remain attached to the Post-Conversion
Entity, and may be enforced against the Post-Conversion Entity to the same extent as if said debts, liabilities and duties had originally been incurred or contracted by it, and (e) the conversion shall not be deemed to constitute a dissolution
of the Pre-Conversion Entity; and Agent shall have received a legal opinion in form and substance reasonably satisfactory to Agent with respect to (i) the due authorization of the conversion by the Pre-Conversion Entity, (ii) the corporate
(or equivalent) power and authority of the Pre-Conversion Entity to effect the conversion, and (iii) the matters described in clauses (a) and (e) above. 

“Sterling” - the lawful currency of the United Kingdom. 

“Structured Hydrocarbons Supply Arrangement” - means a transaction or series of transactions entered into by an
Obligor or a Restricted Subsidiary pursuant to which one or more other parties supplies, or agrees to supply, to any Obligor or its Restricted Subsidiary Hydrocarbons of a type that, at the time of such supply, are used or produced in the ordinary
course of business of Obligors and their respective Restricted Subsidiaries, including without limitation, such transactions that include sales by Obligors and their respective Restricted Subsidiaries of similar Hydrocarbons to such other parties
and later purchases (or options to purchase) by Obligors and their respective Restricted Subsidiaries from such other parties and/or their affiliates and such transactions that include the provision by Obligors and their respective Restricted
Subsidiaries to such other parties of related storage and other related services or the leasing by Obligors and their respective Restricted Subsidiaries of related storage facilities. 

“Subordinated Indebtedness” - Indebtedness incurred by an Obligor or Restricted Subsidiary that is expressly subordinate and
junior in right of payment to Full Payment of all Obligations, and is on terms (including maturity, interest, fees, repayment, covenants and subordination) satisfactory to Agent. 

“Subsidiary” - with respect to any Person, means a corporation, partnership, joint venture, limited liability company or
other business entity of which a majority of the shares of Equity Interests having ordinary voting power for the election of directors or other governing body (other than Equity Interests having such power only by reason of the happening of a
contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a
“Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of MLP Parent. 

“Supermajority Lenders” - Lenders (subject to Section 4.2) having (a) Revolver Commitments in excess of
66-2/3% of the aggregate Revolver Commitments; and (b) if the Revolver Commitments have terminated in full or expired, Loans and participations in LC Obligations described in clauses (a) and (b) of the definition thereof in excess of
66-2/3% of all outstanding Loans and all such LC Obligations or, if all Loans and all such LC Obligations have been Paid In Full, in excess of 66-2/3% the aggregate remaining Obligations; provided, however, that Commitments, Loans and
other Obligations held by a Defaulting Lender and its Affiliates shall be disregarded in making such calculation, but any related Fronting Exposure shall be deemed held as a Loan or LC Obligation by the Secured Party that funded the applicable Loan
or issued the applicable Letter of Credit. 
 “Supporting Obligation” - as defined in the UCC. 

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page 46 

 “Swap Contract” - (a) any and all rate swap transactions, basis swaps,
credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond
price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options,
spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and
(b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any
International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master
Agreement. 
 “Swap Obligations” - with respect to an Obligor, its obligations under a Hedging Agreement that
constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 
 “Swap
Termination Value” - in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap
Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market
value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).  

“Swingline Loan” - any Borrowing of Base Rate Revolver Loans or Alternate Swingline Loans funded with Agent’s funds,
until such Borrowing is settled among Lenders or repaid by Borrowers. 
 “Synthetic Lease Obligation” - the monetary
obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of Property creating obligations that do not appear on the balance sheet of such Person but
which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 

“Taxes” - all present and future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding),
assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Threshold Amount” - $50,000,000. 

“Transferee” - any actual or potential Eligible Assignee, Participant or other Person acquiring an interest in any
Obligations. 
 “Type” - any type of a Loan (i.e., Base Rate Loan or LIBOR Loan) that has the same interest option and, in
the case of LIBOR Loans, the same Interest Period. 
 “UCC” - the Uniform Commercial Code as in effect in the State of New
York or, when the laws of any other jurisdiction govern the perfection or enforcement of any Lien, the Uniform Commercial Code as in effect in such jurisdiction. 

  
 SECOND AMENDED AND RESTATED CREDIT
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 “Unfunded Pension Liability” - the excess of a Pension Plan’s benefit
liabilities under Section 4001(a)(16) of ERISA, over the current value of such Pension Plan’s assets, determined in accordance with the assumptions used for funding such Pension Plan pursuant to the Code, ERISA or the Pension Protection
Act of 2006 for the applicable plan year. 
 “Unreimbursed Amount” – as defined in Section 2.3.2(a). 

“Unrestricted Subsidiary” - any Subsidiary of MLP Parent (other than Calumet Finance) that is designated by the Board of
Directors of MLP Parent as an Unrestricted Subsidiary pursuant to a Board Resolution and in compliance with Section 9.4, but only to the extent that such Subsidiary: 

(a) has no Indebtedness other than Non-Recourse Indebtedness owing to any Person other than MLP Parent or any of its Restricted
Subsidiaries, provided, however, that, in the case of a MLP Subsidiary only, the unsecured and subordinated Guarantee of the Indebtedness of such MLP Subsidiary by an Obligor shall be permitted if and to the extent permitted by
clause (iii) of Section 9.2.3(j); 
 (b) is not party to any agreement, contract, arrangement or
understanding with MLP Parent or any Restricted Subsidiary unless the terms of any such agreement, contract, arrangement or understanding are no less favorable to MLP Parent or such Restricted Subsidiary than those that might be obtained at the time
from Persons who are not Affiliates of MLP Parent; 
 (c) is a Person with respect to which neither MLP Parent nor any
Restricted Subsidiary has any direct or indirect obligation (i) to subscribe for additional Equity Interests or (ii) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of
operating results; and 
 (d) has not guaranteed or otherwise directly or indirectly provided credit support for any
Indebtedness of MLP Parent or any of its Restricted Subsidiaries. 
 All Subsidiaries of an Unrestricted Subsidiary shall also be deemed to be
Unrestricted Subsidiaries. Any designation of a Subsidiary of MLP Parent as an Unrestricted Subsidiary will be evidenced to Agent by filing with Agent a Board Resolution giving effect to such designation and a written statement signed by a Senior
Officer certifying that such designation complied with the preceding conditions and was permitted by Section 9.4. If, at any time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary,
it will thereafter cease to be an Unrestricted Subsidiary for purposes of this Agreement and any Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of MLP Parent as of such date. 

“Unused Line Fee Percentage” - for any Type of Loan, the per annum rate set forth below, as determined based on the
Utilization for the preceding month: 
  

									
	 Level
	  	Utilization	 	 	Unused Line Fee Percentage	 
	 I
	  	 	3 40	% 	 	 	0.250	% 
	 II
	  	 	< 40	% 	 	 	0.375	% 

 “U.S. or United States” - the United States of America. 

“U.S. Person” - a Person that is a “United States person” as defined in Section 7701(a)(30) of the Code. 

“U.S. Tax Compliance Certificate” - as defined in Section 5.9.2(b)(iii). 

  
 SECOND AMENDED AND RESTATED CREDIT
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 “Utilization” - the percentage obtained by dividing the average daily balance of
Revolver Loans and Stated Amount of Letters of Credit during any month by the Revolver Commitments in effect during such month. 

“Value” - (a) with respect to Eligible Category A Inventory (including Eligible In-Transit Inventory which
is Eligible Category A Inventory and Eligible LC Backed Future Inventory which will be Eligible Category A Inventory when delivered to a Borrower), the value of such Inventory on a Marked-to-Market Basis, and (b) with respect to
Eligible Category B Inventory (including Eligible In-Transit Inventory which is Eligible Category B Inventory and Eligible LC Backed Future Inventory which will be Eligible Category B Inventory when delivered to a Borrower), the value
of such Inventory determined on the basis of the lower of cost or market, calculated on a first-in, first-out basis; provided that, without duplication of any Availability Reserves, (i) the Value of Eligible In-Transit Inventory shall
also take into account transportation and handling charges that affect the value of such Inventory as determined by Agent in its Permitted Discretion, and (ii) for purposes of the calculation of the Borrowing Base, the Value of Inventory shall
not include (A) the portion of the Value of Inventory equal to the profit earned by any Affiliate on the sale thereof to any Borrower or (B) write-ups or write-downs in value with respect to currency exchange rates.  

“Voting Stock” - with respect to any Person, Equity Interests issued by such Person the holders of which are ordinarily, in
the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though the right so to vote has been suspended by the happening of such a contingency. 

“Wells Fargo” - Wells Fargo Capital Finance, LLC and its successors and permitted assigns. 

“Wells Fargo Indemnitees” - Wells Fargo and its Related Parties. 

“Wholly Owned Subsidiary” - with respect to any Person, any other Person 100% of whose Equity Interests are at the time owned
by such Person directly or indirectly through other Persons 100% of whose Equity Interests are at the time owned, directly or indirectly, by such Person. 

“Withholding Agent” - any Obligor and Agent. 

1.2 Accounting Terms. 

1.2.1 Generally. All accounting terms not specifically or completely defined herein shall be construed in conformity
with, and all financial data (including financial ratios and other financial calculations, but excluding Borrowing Base calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a
consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements; provided, however, that calculations of Attributable Indebtedness under any Synthetic Lease
Obligations or the implied interest component of any Synthetic Lease Obligations shall be made by the applicable Obligor or Restricted Subsidiary in accordance with accepted financial practice and consistent with the terms of such Synthetic Lease
Obligations. 
 1.2.2 Changes in GAAP. Other than as expressly set forth herein, if at any time any change in GAAP
would affect the computation of any financial ratio or requirement set forth in any Credit Document, and either Borrower Agent or Required Lenders shall so request, Agent, Lenders and Obligors shall negotiate in good faith to amend such ratio or
requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of Required Lenders); provided that, until so amended, (a) such ratio or requirement shall continue to be computed in
accordance with GAAP prior to such change therein and (b) Borrower Agent shall 

  
 SECOND AMENDED AND RESTATED CREDIT
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provide to Agent financial statements and other documents required under this Agreement or as reasonably requested by Agent hereunder setting forth a reconciliation between calculations of such
ratio or requirement made before and after giving effect to such change in GAAP. Notwithstanding any other provision contained herein, all items of an accounting or financial nature used herein shall be construed, and all computations of amounts and
ratios referred to herein shall be made, without giving effect to any change in GAAP occurring after the Closing Date as a result of the adoption of any proposals set forth in the proposed Accounting Standards Update, Leases (Topic 842): a revision
of the 2010 proposed Accounting Standards Update, Leases (Topic 840), issued by the Financial Accounting Standards Board on May 16, 2013, or any other proposals issued by the Financial Accounting Standards Board in connection therewith, in each
case if and to the extent any such change would require treating any lease (or similar arrangement conveying the right to use) as a Capital Lease where such lease (or similar arrangement) was not required to be so treated under GAAP as in effect on
the Closing Date. 
 1.3 Certain Matters of Construction. The terms “herein”, “hereof”,
“hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular section, paragraph or subdivision. Any pronoun used shall be deemed to cover all genders. In the computation of periods of
time from a specified date to a later specified date, “from” means “from and including”, and “to” and “until” each mean “to but excluding”. The term
“or” shall not be exclusive. The terms “including”, “includes” and “include” shall mean “including, without limitation” and, for purposes of each Credit Document,
the parties agree that the rule of ejusdem generis shall not be applicable to limit any provision. All references to “day”, “week” or “month” shall be references to a calendar day, week or
month unless otherwise stated. Section titles appear as a matter of convenience only and shall not affect the interpretation of any Credit Document. Unless otherwise expressly stated or qualified herein, all references to (a) laws or statutes
include all related rules, regulations, interpretations, amendments and successor provisions; (b) any document, instrument or agreement include any amendments, waivers, supplements and other modifications, extensions or renewals from time to
time (to the extent permitted by the Credit Documents); (c) any section mean, unless the context otherwise requires, a section of this Agreement; (d) any exhibits or schedules mean, unless the context otherwise requires, exhibits and
schedules attached hereto, which are hereby incorporated herein by reference; (e) any Person include successors and permitted assigns of such Person; (f) time of day mean Eastern time; or (g) the discretion of Agent, Issuing Bank or
any Lender mean the sole and absolute discretion of such Person. All calculations of or references to Value, Borrowing Base components, Loans, Letters of Credit, Obligations and other amounts shall be denominated in Dollars unless expressly provided
otherwise and, unless the context otherwise requires, all determinations (including calculations of Borrowing Base and financial covenants) made from time to time under the Credit Documents shall be made in light of the circumstances existing at
such time. Borrowing Base calculations shall be made in a manner satisfactory to Agent in its Permitted Discretion (and not necessarily in accordance with GAAP). Obligors shall have the burden of establishing any alleged negligence, misconduct or
lack of good faith by Agent, Issuing Bank or any Lender under any Credit Documents. No provision of any Credit Documents shall be construed against any party by reason of such party having, or being deemed to have, drafted the provision. Whenever
the phrase “to the best knowledge of” a Borrower or other Obligor or words of similar import are used in any Credit Documents, such phrase means actual knowledge of a Senior Officer of such Borrower or other Obligor (as applicable),
or knowledge that a Senior Officer of such Borrower or other Obligor (as applicable) would have obtained if he or she had engaged in good faith and diligent performance of his or her duties, including reasonably specific inquiries of employees or
agents and a good faith attempt to ascertain the matter to which such phrase relates. Unless otherwise expressly stated herein, the word term “intercompany” shall relate to matters that are intercompany between or among the
applicable Consolidated Parties. 
 1.4 Proportionate Adjustment. The fixed Dollar component of Availability tests set forth in the
definitions of “Cash Dominion Trigger Event”, “Pro Forma Basis” (in the penultimate paragraph of 

  
 SECOND AMENDED AND RESTATED CREDIT
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such definition) and “Reporting Trigger Event” and in Sections 9.2.6(d)(vi) and 9.3.1 shall be automatically increased ratably with increases in the Revolver
Commitments after the Closing Date such that such fixed Dollar component shall be increased by the same percentage as the percentage increase in the Revolving Commitments. 

1.5 Currency Equivalents. 

1.5.1 Calculations. All references in the Credit Documents to Loans, Letters of Credit, Obligations, Borrowing Base
components and other amounts shall be denominated in Dollars, unless expressly provided otherwise. Subject to the immediately succeeding sentence, the Dollar Equivalent Amount of any amounts denominated or reported under a Credit Document in a
currency other than Dollars may be determined by Agent on a daily basis, based on the current Spot Rate for the purchase of Dollars with such currency. Borrowers shall report Value and other Borrowing Base components to Agent in the currency
invoiced by Borrowers or shown in Borrowers’ financial records, with the Dollar Equivalent Amount of any amounts denominated or reported under a Credit Document in a currency other than Dollars determined by Agent based upon the Spot Rate for
the purchase of Dollars with such currency (provided that Agent may, from time to time in its discretion, defer to Borrower Agent in the making of such determination (and Borrower Agent may so assume unless and until Agent has made such
determination), in which case the same shall be determined by Borrower Agent based on a reputable publisher, reasonably acceptable to Agent, of currency exchange rates) and, unless expressly provided otherwise, shall deliver financial statements and
calculate financial covenants in Dollars. Notwithstanding anything herein to the contrary, if any Obligation is funded and expressly denominated in a currency other than Dollars, Borrowers shall repay such Obligation in such other currency. 

1.5.2 Judgments. If, for purposes of obtaining judgment in any court, it is necessary to convert a sum from the currency
provided under a Credit Document (“Agreement Currency”) into another currency, the Spot Rate shall be used as the rate of exchange. Notwithstanding any judgment in a currency (“Judgment Currency”) other than the
Agreement Currency, a Borrower shall discharge its obligation in respect of any sum due under a Credit Document only if, on the Business Day following receipt by Agent of payment in the Judgment Currency, Agent can use the amount paid to purchase
the sum originally due in the Agreement Currency. If the purchased amount is less than the sum originally due, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify Agent and Lenders against such loss. If
the purchased amount is greater than the sum originally due, Agent shall promptly return the excess amount to such Borrower (or to the Person legally entitled thereto). 

1.6 Additional Alternate Currencies. Subject to the approval of Agent, Borrower Agent may from time to time request that an Alternate
Swingline Loan be made in a currency other than Canadian Dollars, Euros or Sterling, provided, that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into
Dollars. Any such request shall be made to Agent not later than 11:00 a.m., five (5) Business Days prior to the date of the desired Borrowing (or such other time or date as may be agreed by Borrower Agent and Agent). If Agent consents to making
Alternate Swingline Loans in such requested currency, Agent shall so notify Borrower Agent of such consent, therein designating the applicable reference rate for such currency, and such currency shall thereupon be deemed for all purposes to be an
Alternate Currency for Alternate Swingline Loans. Agent in its sole discretion may approve or decline any such request without prior notice. No such requested currency shall be an Alternate Currency unless and until Agent notifies of Borrower Agent
of Agent’s approval thereof as provided herein. 

  
 SECOND AMENDED AND RESTATED CREDIT
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	SECTION 2.	CREDIT FACILITIES 

 2.1 Revolver Commitment. 

2.1.1 Revolver Loans. Each Lender agrees, severally on a Pro Rata basis up to its Revolver Commitment, on the terms set
forth herein, to make Revolver Loans to Borrowers from time to time through the Commitment Termination Date for the purposes set forth in Section 9.1.11. Subject to Section 2.1.4, in no event shall Lenders have any obligation
to honor a request for a Revolver Loan if the Revolver Usage at such time plus the principal amount of the requested Revolver Loan would exceed the Borrowing Base. The Revolver Loans may be repaid and reborrowed as provided herein. Except if and to
the extent that the same have been refinanced with Revolver Loans advanced under this Agreement on the Closing Date, all “Revolver Loans”, as such term is defined in the Existing Credit Agreement, which are outstanding under the Existing
Credit Agreement on the Closing Date shall be deemed Revolver Loans made pursuant to this Agreement and, from and after the Closing Date, shall be subject to and governed by the conditions hereof. 

2.1.2 Revolver Notes. The Revolver Loans made by each Lender and interest accruing thereon shall be evidenced by the
records of Agent and such Lender. At the request of any Lender, Borrowers shall deliver a Revolver Note to such Lender. 

2.1.3 Voluntary Reduction or Termination of Revolver Commitments. 

(a) The Revolver Commitments shall terminate on the Revolver Termination Date, unless sooner terminated in accordance with this
Agreement. At any time and from time to time, Borrowers may, at their option, by written notice to Agent, terminate the Revolver Commitments and this credit facility. If Borrowers revoke any notice of termination, they shall be responsible for the
amounts, if any, payable pursuant to Section 3.8. On the Commitment Termination Date, Borrowers shall make Full Payment of all Obligations. 

(b) Borrowers may permanently reduce the Revolver Commitments, on a Pro Rata basis for each Lender, from time to time upon
written notice to Agent, which notice shall specify the amount of the reduction, and shall be given at least five Business Days prior to the date of reduction. Each reduction shall be in a minimum amount of $10,000,000 or an increment of $1,000,000
in excess thereof. Notwithstanding anything herein to the contrary, any such reduction of Revolver Commitments pursuant to this Section 2.1.3(b) shall not affect Borrowers’ ability to increase the Revolver Commitments pursuant to
Section 2.2. 
 2.1.4 Overadvances. If the Revolver Usage exceeds the Borrowing Base
(“Overadvance”) at any time, the excess amount shall be payable by Borrowers on demand by Agent, but all such Revolver Loans and LC Obligations shall nevertheless constitute Obligations secured by the Collateral and entitled
to all benefits of the Credit Documents. Unless its authority to make Overadvances is revoked in writing by Required Lenders, Agent may require Lenders to honor requests for Overadvance Loans and to forbear from requiring Borrowers to cure an
Overadvance, (a) when no Event of Default other than an Event of Default created by the existence of an Overadvance is known to Agent, provided that (i) no Overadvance may continue for more than 30 consecutive days and no additional
Overadvance Loans may be required for at least five consecutive days following the termination of the preceding Overadvance, and (ii) the Overadvance is not known by Agent to exceed an amount equal to 5% of the Borrowing Base; and
(b) regardless of whether an Event of Default exists, if Agent discovers an Overadvance not 

  
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previously known by it to exist, as long as from the date of such discovery the Overadvance (i) is not increased by more than an amount equal to 2.5% of the Borrowing Base (provided that the
aggregate amount of all Overadvances shall not exceed an amount equal to 7.5% of the Borrowing Base), and (ii) does not continue for more than 30 consecutive days. In no event shall an Overadvance be required that would cause the Revolver Usage
to exceed the aggregate Revolver Commitments then in effect. Any funding of an Overadvance Loan or sufferance of an Overadvance shall not constitute a waiver by Agent or Lenders of the Event of Default caused thereby. In no event shall any Borrower
or other Obligor be deemed a beneficiary of this Section nor authorized to enforce any of its terms. 
 2.1.5 Protective
Advances. Agent shall be authorized, in its discretion, at any time that a Default or Event of Default exists or any conditions in Section 6 are not satisfied, to make Base Rate Revolver Loans (“Protective Advances”)
(a) up to an aggregate amount outstanding at any time, together with the amount of any outstanding Overadvances, equal to the greater of (i) $100,000,000 or (ii) 10% of the Borrowing Base, if Agent deems such Loans necessary or
desirable to preserve or protect any Collateral, or to enhance the collectability or repayment of Obligations; or (b) to pay other Obligations under any Credit Document. In no event shall Protective Advances be made that would cause the
Revolver Usage to exceed the aggregate Revolver Commitments then in effect. All Protective Advances shall be Obligations, secured by the Collateral, and shall be treated for all purposes as Extraordinary Expenses. Each Lender shall participate in
each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authorization to make further Protective Advances under clause (a) by written notice to Agent. Absent such revocation, Agent’s determination
that funding of a Protective Advance is appropriate shall be conclusive. 
 2.2 Incremental Availability. 

2.2.1 Request for Increase. Borrowers shall have the right, at any time and from time to time prior to the Revolver
Termination Date but on not more than four occasions and in minimum increments of $50,000,000 per occasion, to request an increase in the Revolver Commitments hereunder and incur additional Indebtedness under this Agreement (the “Incremental
Revolver Facility”; such Indebtedness, the “Incremental Revolver Loans”) by an aggregate principal amount of up to $500,000,000; provided that no Default or Event of Default shall have occurred and be continuing at
the time of, or after giving effect to, such increase. At the time of sending such notice, Borrower Agent (in consultation with Agent) shall specify the time period within which each Lender is requested to respond and the proposed Applicable Margins
(or range of proposed Applicable Margins) acceptable to Borrowers to be applicable to the requested Incremental Revolver Loans. 

2.2.2 Lender Elections to Increase. Each Lender shall notify Agent within such time period whether or not it agrees to
increase its Revolver Commitment and, if so, the amount of the increase to which it agrees. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolver Commitment. 

2.2.3 Notification by Administrative Agent; Additional Lenders. Agent shall notify Borrower Agent and each Lender of the
Lenders’ responses to each request made hereunder. Borrowers may also invite additional Persons described in clause (b) of the definition of “Eligible Assignees” to become Lenders pursuant to a joinder agreement in form and
substance reasonably satisfactory to Agent. 
 2.2.4 Effective Date and Allocations. If the Revolver Commitments are
increased in accordance with this Section 2.2, Agent and Borrower Agent shall determine the effective date 

  
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(the “Increase Effective Date”) and the final allocation of such increase. Agent shall promptly notify Borrower Agent and Lenders of the final allocation of such increase and the
Increase Effective Date. 
 2.2.5 Conditions to Effectiveness of Increase. As a condition precedent to such increase,
Borrower Agent shall deliver to Agent (a) if so requested by Agent, a legal opinion in form and substance reasonably satisfactory to Agent and (b) a certificate of each Obligor dated as of the Increase Effective Date signed by a Secretary
or Assistant Secretary of such Obligor certifying and attaching the resolutions adopted by such Obligor approving or consenting to such increase, and a certificate of a Senior Officer certifying that, before and after giving effect to such increase,
(i) the representations and warranties of each Obligor contained in Section 8 and the other Credit Documents are true and correct on and as of the Increase Effective Date (except for representations and warranties that expressly
relate only to an earlier date, which shall be true and correct on such date) and (ii) no Default or Event of Default has then occurred and is continuing. Borrowers shall prepay any Loans and Overadvance Loans outstanding on the Increase
Effective Date (and pay any additional amounts required pursuant to Section 3.8) to the extent necessary to keep the outstanding Loans and Overadvance Loans ratable with any revised Pro Rata shares arising from any nonratable increase in
the Revolving Commitments under this Section 2.2. 
 2.2.6 Pricing. Any Incremental Revolver Loans shall
have the same terms (including, but not limited to, maturity date, voting rights and rights to receive the proceeds of prepayments but excluding the Applicable Margins for interest rates applicable thereto) as the existing Revolver Loans and shall
be considered Revolver Loans hereunder. The Applicable Margins for the interest rates applicable to the Incremental Revolver Loans shall be as set forth in the request therefor (or those as are indicated in such request to be acceptable to
Borrowers) provided pursuant to Section 2.2.1 and as agreed to by the Lenders who agree to provide such Incremental Revolver Loans in accordance with Section 2.2.2 or Section 2.2.3, provided that all Incremental
Revolver Loans to be provided pursuant to each request for Incremental Revolver Loans shall have the same Applicable Margins for the interest rates applicable thereto. 

2.2.7 Amendments. Agent is authorized to enter into, on behalf of Lenders, any amendment to this Agreement or any other
document as may be necessary to incorporate the terms of any new Incremental Revolver Facility therein. 
 2.2.8
Conflicting Provisions. This Section 2.2 shall supersede any provisions in Section 11.5 or Section 13.1 to the contrary. 

2.3 Letter of Credit Facility. 

2.3.1 Issuance of Letters of Credit. Issuing Bank agrees to issue, amend and renew Letters of Credit from time to time
until five Business Days prior to the Revolver Termination Date (or until the Commitment Termination Date, if earlier), on the terms set forth herein, including the following: 

(a) Each Borrower acknowledges that Issuing Bank’s willingness to issue any Letter of Credit is conditioned upon Issuing
Bank’s receipt of an LC Application with respect to the requested Letter of Credit, as well as such other instruments and agreements as Issuing Bank may customarily require for issuance of a letter of credit of similar type and amount. Issuing
Bank shall have no obligation to issue any Letter of Credit unless (i) Issuing Bank receives a LC Application at least three Business Days prior to the requested date of issuance; (ii) each LC Condition is satisfied, and (iii) if a
Defaulting Lender exists, such Lender or Borrowers have entered into arrangements 

  
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satisfactory to Agent and Issuing Bank to eliminate any Fronting Exposure associated with such Lender. If Issuing Bank receives written notice from Required Lenders at least one Business Day
before issuance of a Letter of Credit that any LC Condition has not been satisfied, Issuing Bank shall have no obligation to issue the requested Letter of Credit (or any other Letter of Credit) until such notice is withdrawn in writing by that
Lender or until Required Lenders have waived such condition in accordance with this Agreement (provided that this sentence shall not constitute a waiver of Borrowers’ right to cause the issuance of a Letter of Credit in accordance with this
Agreement if, in fact, all LC Conditions are satisfied in connection therewith). Prior to receipt of any such notice, Issuing Bank shall not be deemed to have knowledge of any failure of LC Conditions. 

(b) Letters of Credit may be requested by a Borrower only (i) to support obligations of such Borrower incurred in the
Ordinary Course of Business; or (ii) for other lawful corporate purposes. The increase, renewal or extension of any Letter of Credit shall be treated as the issuance of a new Letter of Credit, except that delivery of a new LC Application shall
be required at the discretion of Issuing Bank. 
 (c) Borrowers assume all risks (as between or among Borrowers, on the one
hand, and Indemnitees on the other hand) of the acts, omissions or misuses of any Letter of Credit by the beneficiary; provided that this foregoing assumption is not intended to and shall not preclude Borrowers’ pursuit of any and all
rights and remedies as it may have against any beneficiary at law or otherwise. In connection with issuance of any Letter of Credit, none of Agent, Issuing Bank or any Lender shall be responsible for the existence, character, quality, quantity,
condition, packing, value or delivery of any goods purported to be represented by any Documents; any differences or variation in the character, quality, quantity, condition, packing, value or delivery of any goods from that expressed in any
Documents; the form, validity, sufficiency, accuracy, genuineness or legal effect of any Documents or of any endorsements thereon; the time, place, manner or order in which shipment of goods is made; partial or incomplete shipment of, or failure to
ship, any goods referred to in a Letter of Credit or Documents; any deviation from instructions, delay, default or fraud by any shipper or other Person in connection with any goods, shipment or delivery; any breach of contract between a shipper or
vendor and a Borrower; errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable, telegraph, telex, telecopy, e-mail, telephone or otherwise; errors in interpretation of technical terms; the
misapplication by a beneficiary of any Letter of Credit or the proceeds thereof; or any consequences arising from causes beyond the control of Issuing Bank, Agent or any Lender, including any act or omission of a Governmental Authority. The rights
and remedies of Issuing Bank under the Credit Documents shall be cumulative. Issuing Bank shall be fully subrogated to the rights and remedies of each beneficiary whose claims against Borrowers are discharged with proceeds of any Letter of Credit.

 (d) In connection with its administration of and enforcement of rights or remedies under any Letters of Credit or LC
Documents, Issuing Bank shall be entitled to act, and shall be fully protected in acting, upon any certification, notice or other communication in whatever form believed by Issuing Bank, in good faith, to be genuine and correct and to have been
signed, sent or made by a proper Person. Issuing Bank may consult with and employ legal counsel, accountants and other experts to advise it concerning its obligations, rights and remedies, and shall be entitled to act upon, and shall be fully
protected in any action taken in good faith reliance upon, any advice given by such experts. Issuing Bank may employ agents and attorneys-in-fact in connection with 

  
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any matter relating to Letters of Credit or LC Documents, and shall not be liable for the negligence or misconduct of any such agents or attorneys-in-fact selected with reasonable care. 

(e) Notwithstanding anything to the contrary contained herein, with respect to any Issuing Bank which is other than the entity
which is then acting as Agent hereunder, such Issuing Bank shall not issue, amend or renew any Letter of Credit, and no Lender shall be obligated to participate in any such Letter of Credit pursuant to Section 2.3.2 or otherwise, unless
Agent shall have received a true and correct copy of the Letter of Credit as so issued, amended or renewed (as well as the LC Application and other LC Documents relating thereto if so requested by Agent) and such Issuing Bank shall have obtained
confirmation from Agent that the issuance, amendment or renewal of such Letter of Credit is permitted under this Agreement. Agent shall respond in a reasonably prompt fashion to any such confirmation requested pursuant to this
Section 2.3.1(e). 
 (f) All Existing Letters of Credit shall be deemed to have been issued pursuant to this
Agreement and to be Letters of Credit issued and outstanding hereunder and, from and after the Closing Date, shall be subject to and governed by the terms and conditions hereof. 

2.3.2 Reimbursement; Participations. 

(a) If Issuing Bank honors any request for payment under a Letter of Credit, Borrowers shall pay to Issuing Bank, on the same
day (“Reimbursement Date”), the amount paid by Issuing Bank under such Letter of Credit, together with interest at the interest rate for Base Rate Revolver Loans from the Reimbursement Date until payment by Borrowers (no matter when
Issuing Bank shall give notice of such honor and the amount thereof to Borrower Agent); provided, however, that Issuing Bank shall give notice of such honor and the amount thereof to Borrower Agent in accordance with Issuing
Bank’s standard procedures and such payment by Borrowers shall not be due until the date on which such notice is given to Borrower Agent or, if such notice is given after 2:00 p.m., on the Business Day immediately succeeding such date on which
such notice is given. The obligation of Borrowers to reimburse Issuing Bank for any payment made under a Letter of Credit shall be absolute, unconditional, irrevocable and joint and several, and shall be paid without regard to any lack of validity
or enforceability of any Letter of Credit or the existence of any claim, setoff, defense or other right that Borrowers may have at any time against the beneficiary. If Borrowers fail to so reimburse Issuing Bank in an amount equal to the amount of
such payment made by Issuing Bank (the “Unreimbursed Amount”), Borrowers shall be deemed to have requested a Borrowing of Base Rate Revolver Loans in an amount necessary to pay the Unreimbursed Amount and all interest accrued
thereon and all other amounts due Issuing Bank in respect of such Letter of Credit and each Lender agrees to fund its Pro Rata share of such Borrowing whether or not the Commitments have terminated, an Overadvance exists or is created thereby or the
conditions in Section 6 are satisfied. 
 (b) Upon issuance of a Letter of Credit, each Lender shall be deemed to
have irrevocably and unconditionally purchased from Issuing Bank, without recourse or warranty, an undivided Pro Rata interest and participation in all LC Obligations relating to the Letter of Credit outstanding from time to time. Issuing Bank is
issuing Letters of Credit in reliance upon this participation. If Issuing Bank makes any payment under a Letter of Credit and Borrowers do not reimburse such payment on the Reimbursement 

  
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Date, Agent shall promptly notify Lenders and each Lender shall promptly (within one Business Day) and unconditionally pay to Agent, for the benefit of Issuing Bank, such Lender’s Pro Rata
share of such payment. Upon request by a Lender, Issuing Bank shall furnish copies of any Letters of Credit and LC Documents in its possession at such time. 

(c) The obligation of each Lender to make payments to Agent for the account of Issuing Bank in connection with Issuing
Bank’s payment under a Letter of Credit shall be absolute, unconditional and irrevocable, not subject to any counterclaim, setoff, qualification or exception whatsoever, and shall be made in accordance with this Agreement under all
circumstances, irrespective of any lack of validity or unenforceability of any Credit Documents; any draft, certificate or other document presented under a Letter of Credit having been determined to be forged, fraudulent, non-compliant, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect or any statement therein being untrue or inaccurate in any respect; or the existence of any
setoff or defense that any Obligor may have with respect to any Obligations. Issuing Bank does not assume any responsibility for any failure or delay in performance or any breach by any Borrower or other Person of any obligations under any LC
Documents. Issuing Bank does not make to Lenders any express or implied warranty, representation or guaranty with respect to the Collateral, LC Documents or any Obligor. Issuing Bank shall not be responsible to any Lender for any recitals,
statements, information, representations or warranties contained in, or for the execution, validity, genuineness, effectiveness or enforceability of, any LC Documents; the validity, genuineness, enforceability, collectability, value or sufficiency
of any Collateral or the perfection of any Lien therein; or the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status of any Obligor. 

(d) No Issuing Bank Indemnitee shall be liable to any Lender or other Person for any action taken or omitted to be taken in
connection with any LC Documents or this Section 2.3 except as a result of its gross negligence, willful misconduct or bad faith. Issuing Bank shall not have any liability to any Lender if Issuing Bank refrains from any action under any
Letter of Credit or LC Documents until it receives written instructions from Required Lenders. 
 2.3.3 Cash
Collateral. If any LC Obligations, whether or not then due or payable, shall for any reason be outstanding at any time (a) that an Event of Default exists, (b) that Availability is less than zero, (c) after the Commitment
Termination Date, or (d) within five Business Days prior to the Revolver Termination Date, then Borrowers shall, at Issuing Bank’s or Agent’s written request, Cash Collateralize the aggregate maximum amount then potentially available
for draw under all outstanding Letters of Credit and pay to Issuing Bank the amount of all other outstanding LC Obligations. Subject to Section 4.2.2, Borrowers shall, on demand by Issuing Bank or Agent from time to time, Cash
Collateralize the Fronting Exposure of any Defaulting Lender not otherwise covered by the arrangements referenced in Section 2.3.1(a)(iii). If Borrowers fail to Cash Collateralize outstanding Letters of Credit as required herein, Lenders
may (and shall upon direction of Agent) advance, as a Borrowing of Base Rate Revolver Loans, the amount of the Cash Collateral required (whether or not the Commitments have terminated, an Overadvance exists or the conditions in Section 6
are satisfied), provided that Borrowers shall not be deemed to have made any representation or warranty that such conditions are satisfied in connection with any such advance of Loans. 

2.3.4 Resignation of Issuing Bank. Issuing Bank may resign at any time upon five Business Days’ prior written
notice to Agent and Borrower Agent. On the effective date of such resignation, Issuing Bank shall have no further obligation to issue, amend, renew, extend or 

  
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otherwise modify any Letter of Credit, but shall honor such Letter of Credit in accordance with its then existing obligations thereunder and shall continue to have the benefits of Sections
2.3, 11.6 and 13.2 with respect to any Letters of Credit issued or other actions taken while Issuing Bank. Agent shall promptly appoint a replacement Issuing Bank (other than a Defaulting Lender) with the consent of such
replacement Issuing Bank and, as long as no Default or Event of Default exists, such replacement shall be subject to the consent of Borrower Agent, such consent not to be unreasonably withheld or delayed. 

 

	SECTION 3.	INTEREST, FEES AND CHARGES 

 3.1 Interest. 

3.1.1 Rates and Payment of Interest. 

(a) The Obligations shall bear interest (i) if a Base Rate Loan, at the Base Rate in effect from time to time plus the
Applicable Margin; (ii) if a LIBOR Loan (other than an Alternate Swingline Loan), at the LIBOR for the applicable Interest Period plus the Applicable Margin; (iii) if an Alternate Swingline Loan, at the Alternate Currency Rate plus the
Applicable Margin; and (iv) if any other Obligation (including, to the extent permitted by law, interest not paid when due), at the Base Rate in effect from time to time plus the Applicable Margin for Base Rate Revolver Loans. Interest shall
accrue from the date the Loan is advanced or the Obligation is incurred or payable, until paid by Borrowers. If a Loan is repaid on the same day made, one day’s interest shall accrue. 

(b) During the continuance of an Event of Default, if Required Lenders in their discretion so elect, the Obligations shall bear
interest at the Default Rate; provided, however that, at all times during the continuance of an Event of Default resulting from a default in the payment of principal of the Loans when and as required to be paid (whether at stated
maturity, on demand, upon acceleration or otherwise), the Obligations shall bear interest at the Default Rate. Each Borrower acknowledges that the cost and expense to Agent and each Lender due to an Event of Default are difficult to ascertain and
that the Default Rate is a fair and reasonable estimate to compensate Agent and Lenders for such added cost and expense. 

(c) Interest accrued on the Loans shall be due and payable in arrears, (i) for any Base Rate Loan, on the last day of each
Fiscal Quarter, for any LIBOR Loan with an Interest Period of 90 days or less, on the last day of such Interest Period and for any LIBOR Loan with an Interest Period longer than 90 days, on 90th
day after the first day of such Interest Period and on the last day of such Interest Period; (ii) on any date of prepayment, with respect to the principal amount of Loans being prepaid; and (iii) on the Commitment Termination Date.
Interest accrued on any other Obligations shall be due and payable as provided in the Credit Documents and, if no payment date is specified, shall be due and payable on demand. Notwithstanding the foregoing, interest accrued at the Default
Rate shall be due and payable on demand. 
 3.1.2 Application of LIBOR to Outstanding Loans. 

(a) Borrowers may on any Business Day, subject to delivery of a Notice of Conversion/Continuation, elect to convert any portion
of the Base Rate Loans to, or to continue any LIBOR Loan at the end of its Interest Period as, a LIBOR Loan. During the continuance of any Default or Event of Default, no Loan may be made, converted or continued as a LIBOR Loan without the consent
of Required Lenders. 

  
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 (b) Whenever Borrowers desire to convert or continue Loans as LIBOR Loans,
Borrower Agent shall give Agent a Notice of Conversion/Continuation, no later than 11:00 a.m. at least two Business Days before the requested conversion or continuation date. Promptly after receiving any such notice, Agent shall notify each Lender
thereof. Each Notice of Conversion/Continuation shall be irrevocable, shall be written (or telephonic, if promptly confirmed in writing), and shall specify the aggregate principal amount of Loans to be converted or continued, the conversion or
continuation date (which shall be a Business Day), and the duration of the Interest Period (which shall be deemed to be 30 days if not specified). If, upon the expiration of any Interest Period in respect of any LIBOR Loans, Borrowers shall have
failed to deliver a Notice of Conversion/Continuation, they shall be deemed to have elected to convert such Loans into Base Rate Loans. Notices given by electronic mail or submitted through Agent’s website shall be deemed to have been given in
writing. Agent does not warrant or accept responsibility for, nor shall it have any liability with respect to, administration, submission or any other matter related to any rate described in the definition of LIBOR. 

3.1.3 Interest Periods. In connection with the making, conversion or continuation of any LIBOR Loans, Borrower Agent
shall select an interest period (“Interest Period”) to apply, which interest period shall be the period commencing on the date such LIBOR Loan is disbursed or converted to or continued as a LIBOR Loan and ending on the date 30, 60,
90 or 180 days thereafter, as selected by Borrower Agent in the Notice of Borrowing; provided that: 
 (a) the
Interest Period shall begin on the date the Loan is made or continued as, or converted into, a LIBOR Loan, and shall expire on the numerically corresponding day in the calendar month at its end; 

(b) if any Interest Period begins on a day for which there is no corresponding day in the calendar month at its end or if such
corresponding day falls after the last Business Day of such month, then the Interest Period shall expire on the last Business Day of such month; and if any Interest Period would otherwise expire on a day that is not a Business Day, the period shall
expire on the next Business Day; and 
 (c) no Interest Period shall extend beyond the Revolver Termination Date. 

3.1.4 Interest Rate Not Ascertainable. If Agent shall determine that on any date for determining LIBOR, due to any
circumstance affecting the London interbank market, adequate and fair means do not exist for ascertaining LIBOR on any applicable date or that any Interest Period is not available on the basis provided herein, then Agent shall immediately notify
Borrower Agent of such determination. Until Agent notifies Borrower Agent that such circumstance no longer exists, which Agent agrees to do so promptly upon the occurrence thereof, the obligation of Lenders to make affected LIBOR Loans shall be
suspended and no further Loans may be converted into or continued as such LIBOR Loans. 
 3.2 Fees. 

3.2.1 Unused Line Fee. Borrowers shall pay to Agent, for the Pro Rata benefit of Lenders (other than a Defaulting
Lender), a fee equal to the Unused Line Fee Percentage per annum times the amount by which the Revolver Commitments exceed the average daily Revolver Usage during any Fiscal Quarter. Such fee shall be payable in arrears, on the first Business Day of
each Fiscal Quarter and on the Commitment Termination Date. 

  
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 3.2.2 LC Facility Fees. Borrowers shall pay (a) to Agent, for the Pro
Rata benefit of Lenders or Issuing Bank, as described below, a fee equal to the Applicable Margin in effect for LIBOR Revolver Loans times the average daily Stated Amount of Letters of Credit, which fee shall be payable quarterly in arrears, on the
first Business Day of each Fiscal Quarter; (b) to Issuing Bank, for its own account, a fronting fee equal to 0.125% of the Stated Amount of each Letter of Credit, which fee shall be payable quarterly in arrears, on the first Business Day of
each quarter and on the Commitment Termination Date; and (c) to Issuing Bank, for its own account, all customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of Letters of Credit,
which charges shall be paid as and when incurred. During an Event of Default, the fee payable under clause (a) shall be increased by 2% per annum. Subject to Section 4.2.2, any fee described in clause
(a) above payable for the benefit of a Defaulting Lender shall be paid, instead, to Issuing Bank unless the Fronting Exposure for such Defaulting Lender’s LC Obligations has been Cash Collateralized, in which case such fees shall not
be payable. 
 3.2.3 Other Fees. Borrowers shall pay to Bank of America the fees described in the Fee Letter,
including, without limitation, the upfront fees described therein payable for the benefit of Lenders. 
 3.3 Computation of Interest,
Fees, Yield Protection. All interest, as well as fees and other charges calculated on a per annum basis, shall be computed for the actual days elapsed, based on a year of 360 days, except that interest accrued on Base Rate Loans shall be based
on a year of 365 or 366 days, as the case may be. Each determination by Agent of any interest, fees or interest rate hereunder shall be presumed correct absent manifest error. All fees shall be fully earned when due and shall not be subject to
rebate or refund, nor subject to proration except as specifically provided herein or in separate documentation entered into between or among the relevant parties thereto, including the Fee Letter. All fees payable under Section 3.2 are
compensation for services and are not, and shall not be deemed to be, interest or any other charge for the use, forbearance or detention of money for purposes of applicable usury laws. A certificate as to amounts payable by Borrowers under
Section 3.4, 3.6, 3.8 or 5.8, submitted to Borrower Agent by Agent or the affected Lender, as applicable, describing in reasonable detail the basis and calculation of such amounts, shall be presumed correct absent
manifest error. Borrowers’ obligations under this paragraph shall survive the termination of the Revolver Commitments and the repayment of all other Obligations. 

3.4 Reimbursement Obligations. 

(a) Borrowers shall pay, or reimburse Agent for Agent’s payment of, all Extraordinary Expenses incurred by Agent or paid
by Agent, in each case within ten days of written request. Borrowers shall also reimburse Agent for all reasonable out-of-pocket legal (for outside counsel), accounting, appraisal, consulting, and other reasonable fees, costs and expenses incurred
by it in connection with (i) negotiation and preparation of any Credit Documents, including any amendment or other modification thereof; (ii) administration of and actions relating to any Collateral, Credit Documents and transactions
contemplated thereby, including any actions taken to perfect or maintain priority of Agent’s Liens on any Collateral, to maintain any insurance required hereunder or to verify Collateral; and (iii) subject to the limits of
Section 9.1.10(b), each inspection, audit or appraisal with respect to any Obligor or Collateral; provided that (A) Borrowers shall also reimburse Lenders (in addition to Agent) for all reasonable out-of-pocket legal fees,
costs and expenses of one outside counsel to Lenders as a group in connection with any Enforcement Action (including any restructuring or work out) or in connection with the exercise, protection or enforcement of any rights or remedies of Agent
and/or Lenders in, or in the monitoring of, any Insolvency Proceeding relating to any Obligor or its property, and (B) except as provided in clause (A) above, such legal fees, costs and expenses reimbursable by

  
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Borrowers pursuant to this sentence shall be limited to one outside counsel of Agent plus one outside counsel of Agent in each jurisdiction of formation or organization of any Obligor. Subject to
the limitations set forth herein, all out-of-pocket outside legal, accounting and consulting fees shall be charged to Borrowers by Agent’s professionals at their full hourly rates, regardless of any reduced or alternative fee billing
arrangements that Agent, any Lender or any of their Affiliates may have with such professionals with respect to this or any other transaction. All amounts reimbursable by Borrowers under this Section shall constitute Obligations secured by the
Collateral and shall be payable within ten days of written request. 
 (b) If, as a result of any restatement of or other
adjustment to the financial statements of MLP Parent and/or its Subsidiaries or for any other reason, Borrowers or Required Lenders determine that (i) the Quarterly Average Availability as calculated by Borrowers as of any applicable date was
inaccurate and (ii) a proper calculation of the Quarterly Average Availability would have resulted in higher or lower pricing for such period, (A) in the case of higher pricing, Borrowers shall immediately and retroactively be obligated to
pay to Agent for the account of the applicable Lenders, promptly on demand by Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under the Bankruptcy Code of the United States,
automatically and without further action by Agent, any Lender or the Issuing Bank), an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for
such period, and (B) in the case of lower pricing, the applicable Lenders shall immediately and retroactively be obligated to pay to Borrowers, promptly on demand by Borrowers (or, after the occurrence of an actual or deemed entry of an order
for relief with respect to Borrowers under the Bankruptcy Code of the United States, automatically and without further action by any Borrower), an amount equal to the excess of the amount of interest and fees that was actually paid for such period
over the amount of interest and fees that should have been paid for such period, provided, however, that if an Event of Default has then occurred and is continuing, Agent shall be entitled to apply such amount or any portion thereof to
any Obligations which are then due and/or retain (for so long as such Event of Default is continuing) such amount or any portion thereof as Cash Collateral. In the event of any change in GAAP applicable to Borrowers and other similarly situated
entities generally, if any such change would otherwise requires a restatement or other retroactive financial statement adjustment as a result of the retroactive application of such revised GAAP principles, then Section 1.2.2 shall
control and all fee related calculations shall continue to be made as set forth in Section 1.2.2. 
 3.5 Illegality. If
any Lender determines in good faith that any Applicable Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund LIBOR Loans, or to
determine or charge interest rates based upon LIBOR, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on
written notice thereof by such Lender to Borrower Agent through Agent, any obligation of such Lender to make or continue LIBOR Loans or to convert Base Rate Loans to LIBOR Loans shall be suspended until such Lender notifies Agent and Borrower Agent
that the circumstances giving rise to such determination no longer exist, which such Lender agrees to do promptly upon the occurrence thereof. Upon receipt of such notice, Borrowers shall, upon demand from such Lender (with a copy to Agent), prepay
all LIBOR Loans of such Lender or, if applicable, convert all LIBOR Loans of such Lender to Base Rate Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such LIBOR Loans to such day, or
immediately, if such Lender may not lawfully continue to maintain such LIBOR Loans. Upon any such prepayment or conversion, Borrowers shall also pay accrued interest on the amount so prepaid or converted. 

  
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 3.6 Increased Costs. 

3.6.1 Increased Costs Generally. If any Change in Law shall: 

(a) impose, modify or deem applicable any reserve, liquidity, special deposit, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement contemplated by Section 3.6.5) or Issuing Bank; 

(b) subject any Recipient to Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through
(d) of the definition of Excluded Taxes, and (C) Connection Income Taxes) with respect to any Loan, Letter of Credit Commitment or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 

(c) impose on any Lender, Issuing Bank or the London interbank market any other condition, cost or expense affecting any Loan,
Letter of Credit, participation in LC Obligations, Commitment or Credit Document; 
 and the result of any of the foregoing shall be to
increase the cost to such Lender of making or maintaining any Loan or Commitment, or converting to or continuing any interest option for a Loan, or to increase the cost to such Lender or Issuing Bank of participating in, issuing or maintaining any
Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or Issuing Bank hereunder (whether of principal, interest or any other
amount) then, upon request of such Lender or Issuing Bank, Borrowers will pay to such Lender or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Bank, as the case may be, for such
additional costs incurred or reduction suffered. 
 3.6.2 Capital Requirements, etc. If any Lender or Issuing Bank
determines in good faith that any Change in Law affecting such Lender or Issuing Bank or any Lending Office of such Lender or such Lender’s or Issuing Bank’s holding company, if any, regarding capital or liquidity requirements has or would
have the effect of reducing the rate of return on such Lender’s or Issuing Bank’s capital or on the capital of such Lender’s or Issuing Bank’s holding company, if any, as a consequence of this Agreement, the Commitment of such
Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by Issuing Bank, to a level below that which such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding
company could have achieved but for such Change in Law (taking into consideration such Lender’s or Issuing Bank’s policies and the policies of such Lender’s or Issuing Bank’s holding company with respect to capital adequacy and
liquidity), then from time to time Borrowers will pay to such Lender or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding company
for any such reduction suffered. 
 3.6.3 Certificates for Reimbursement. A certificate of a Lender or Issuing Bank
setting forth the amount or amounts necessary to compensate such Lender or Issuing Bank or its holding company, as the case may be, as specified in Section 3.6.1 or Section 3.6.2 of this Section, and delivered to Borrower
Agent in accordance with Section 3.3 shall be presumed correct absent manifest error. Borrowers shall pay such Lender or Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 days after receipt
thereof. 
 3.6.4 Delay in Requests. Failure or delay on the part of any Lender or Issuing Bank to demand compensation
pursuant to the foregoing provisions of this Section shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation, provided that 

  
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Borrowers shall not be required to compensate a Lender or Issuing Bank pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than nine
months prior to the date that such Lender or Issuing Bank, as the case may be, notifies Borrower Agent in writing of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or Issuing Bank’s intention to
claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof).

 3.6.5 Reserves on LIBOR Loans. Borrowers shall pay to each Lender, as long as such Lender shall be required to
maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits, additional interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such
Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided Borrowers shall have received at least
10 days’ prior notice (with a copy to Agent) of such additional interest from such Lender. If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable 10 days from
receipt of such notice. 
 3.7 Mitigation. 

3.7.1 Designation of a Different Lending Office. If any Lender requests compensation under Section 3.6, or
if any Borrower is required to pay any Indemnified Taxes or any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.8, or if any Lender gives a notice pursuant to
Section 3.5, then such Lender shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or
affiliates, if, in the judgment of such Lender, such designation or assignment (a) would eliminate or reduce amounts payable pursuant to Section 5.8 or Section 3.6, as the case may be, in the future, or eliminate the
need for the notice pursuant to Section 3.5, as applicable, and (b) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or unlawful. Borrowers
hereby agree to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

3.7.2 Replacement of Lenders. (a) If any Lender gives notice pursuant to Section 3.5 or requests
compensation under Section 3.6, (b) if Borrowers are required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.8, (c) if a Lender is a
Defaulting Lender or (d) if any Lender is a Non-Consenting Lender, Borrowers may replace such Lender in accordance with Section 13.17. 

3.8 Funding Losses. If for any reason (other than default by a Lender) (a) any borrowing of, or conversion to or continuation of,
a LIBOR Loan does not occur on the date specified therefor in a Notice of Borrowing or Notice of Conversion/Continuation (whether or not withdrawn), (b) any repayment or conversion of a LIBOR Loan occurs on a day other than the end of its
Interest Period, (c) Borrowers fail to repay a LIBOR Loan when required hereunder, or (d) Borrowers revoke any notice of termination of the Revolver Commitments delivered pursuant to Section 2.1.3, then Borrowers shall pay to
Agent its customary administrative charge and to each Lender all losses and expenses that such Lender sustains as a consequence thereof, including any loss or expense arising from liquidation or redeployment of funds or from fees payable to
terminate deposits of matching funds. Subject to Section 3.3, a Lender’s demand for payment of such losses and expenses shall set forth the nature thereof and a 

  
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calculation of the amount to be paid in reasonable detail, which demand shall be delivered to Borrower Agent within 90 days after such Lender has made a determination of such losses or expenses
and in no event later than nine months after the occurrence of the event that gave rise to such losses or expenses. Lenders shall not be required to purchase Dollar deposits in the London interbank market or any other offshore Dollar market to fund
any LIBOR Loan, but the provisions hereof shall be deemed to apply as if each Lender had purchased such deposits to fund its LIBOR Loan. 

3.9 Maximum Interest. Notwithstanding anything to the contrary contained in any Credit Document, the interest paid or agreed to be paid
under the Credit Documents shall not exceed the maximum rate of non-usurious interest permitted by Applicable Law (the “Maximum Rate”). If Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the
excess interest shall be applied to the principal of the Loans or other applicable Obligations (other than Bank Product Indebtedness) then due or, if it exceeds such unpaid principal, refunded to Borrowers. In determining whether the interest
contracted for, charged or received by Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by Applicable Law, (a) characterize any payment that is not principal as an expense, fee or premium rather than
interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate and spread, in equal or unequal parts, the total amount of interest throughout the contemplated term of the Obligations hereunder.

  

	SECTION 4.	LOAN ADMINISTRATION 

 4.1 Manner of Borrowing and Funding Revolver Loans. 

4.1.1 Notice of Borrowing. 

(a) Whenever Borrowers desire funding of a Borrowing of Revolver Loans, Borrower Agent shall give Agent a Notice of Borrowing.
Such notice must be received by Agent no later than 1:00 p.m. (i) on the Business Day of the requested funding date, in the case of Base Rate Loans, (ii) at least two Business Days prior to the requested funding date, in the case of LIBOR
Loans (other than Alternate Swingline Loans), and (iii) at least three Business Days prior to the requested funding date, in the case of Alternate Swingline Loans. Notices received after 1:00 p.m. shall be deemed received on the next Business
Day. Each Notice of Borrowing (including any telephonic notice thereof, any notice given via electronic mail and any notice submitted through Agent’s website) shall be irrevocable and shall specify (A) the principal amount of the
Borrowing, (B) the requested funding date (which must be a Business Day), (C) whether the Borrowing is to be made as Base Rate Loans or LIBOR Loans, (D) in the case of LIBOR Loans, the duration of the applicable Interest Period (which
shall be deemed to be 30 days if not specified), (E) whether such Loan is a General Revolver Loan or a Distribution Revolver Loan, and (F) if such Loan is to be a General Revolver Loan and is to be funded as a Swingline Loan in an
Alternate Currency, the Alternate Currency in which such Loan is to be funded (and, if applicable, the Interest Period applicable to such Alternate Swingline Loan). 

(b) Unless payment is otherwise timely made by Borrowers, the becoming due of any Obligations (whether principal, interest,
fees or other charges, including Extraordinary Expenses, LC Obligations, Cash Collateral and Bank Product Indebtedness) shall be deemed irrevocably to be a request (without any requirement for a Notice of Borrowing) for Base Rate Revolver Loans on
the due date, in the amount of such Obligations. The proceeds of such Revolver Loans shall be disbursed as direct payment of the relevant Obligation. 

  
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 (c) If Borrowers establish a controlled disbursement account with Agent or any
Affiliate of Agent, then the presentation for payment of any check or other item of payment drawn on such account at a time when there are insufficient funds to cover it shall be deemed to be a request (without any requirement for a Notice of
Borrowing) for Base Rate Revolver Loans on the date of such presentation, in the amount of the check and items presented for payment. The proceeds of such Revolver Loans may be disbursed directly to the controlled disbursement account. 

(d) Neither Agent nor any Lender shall have any obligation to Borrowers to honor any deemed request for a Revolver Loan
(i) on or after the Commitment Termination Date, (ii) when an Overadvance exists or would result therefrom, or (iii) when any condition in Section 6 is not satisfied, but may do so in their discretion, without being deemed
to have waived any Default or Event of Default (provided that Borrowers shall not be deemed to have made any representation or warranty that such conditions in Section 6 are satisfied in connection with any such deemed request (as
opposed to any actual request) for Revolver Loans). 
 4.1.2 Fundings by Lenders. Each Lender shall timely honor its
Revolver Commitment by funding its Pro Rata share of each Borrowing of Revolver Loans that is properly requested hereunder. Agent shall use commercially reasonable efforts to notify Lenders of each Notice of Borrowing (or deemed request for a
Borrowing) by 2:00 p.m. on the proposed funding date for Base Rate Loans or by 5:00 p.m. at least two Business Days before any proposed funding of LIBOR Loans. Each Lender shall fund to Agent such Lender’s Pro Rata share of the Borrowing to the
account specified by Agent in immediately available funds not later than 4:00 p.m. on the requested funding date, unless Agent’s notice is received after the times provided above, in which event Lender shall fund its Pro Rata share by 1:00 p.m.
on the next Business Day. Subject to its receipt of such amounts from Lenders, Agent shall make available the proceeds of the Revolver Loans as directed by Borrower Agent. Unless Agent shall have received (in sufficient time to act) written notice
from a Lender that it does not intend to fund its Pro Rata share of a Borrowing, Agent may assume that such Lender has deposited or promptly will deposit its share with Agent, and Agent may disburse a corresponding amount to Borrowers. If a
Lender’s share of any Borrowing is not in fact received by Agent, then Borrowers agree to repay to Agent on demand the amount of such share, together with interest thereon from the date disbursed until repaid, at the rate applicable to such
Borrowing. 
 4.1.3 Swingline Loans; Settlement. 

(a) Subject to the proviso below, Agent shall, upon the request of Borrower Agent made in accordance with
Section 4.1.1 and subject to the satisfaction of all conditions precedent set forth in Section 6.2, advance Swingline Loans to Borrowers out of Agent’s own funds, up to an aggregate outstanding amount (for all Swingline
Loans, including any Alternate Swingline Loans) equal to the greater of $100,000,000 or 10% of the Revolver Commitments then in effect (but not to exceed the Revolver Commitments then in effect); provided, however, that Agent shall not
be obligated to advance Swingline Loans (i) if, after giving effect thereto, the Revolver Usage would exceed the Borrowing Base, or (ii) unless, if so requested by Agent and subject to Section 4.2.2, the Fronting Exposure of
any Defaulting Lender is Cash Collateralized by Borrowers or Borrowers otherwise enter into arrangements satisfactory to Agent to eliminate any funding risk with respect to such Defaulting Lender, as Agent may request from time to time. Each
Swingline Loan shall constitute a Revolver Loan for all purposes, except that payments thereon shall be made to Agent for its own account. Swingline Loans shall be repaid in accordance with the terms of this Agreement and shall be secured by all

  
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Collateral. In no event shall Agent be obligated to honor a request for a Swingline Loan if Agent knows that an Overadvance then exists or would result therefrom, provided that Agent may honor
such request if such Swingline Loan would otherwise be permitted as an Overadvance or a Protective Advance. The obligation of Borrowers to repay Swingline Loans shall be evidenced by the records of Agent and need not be evidenced by any promissory
note. 
 (b) To facilitate administration of the Revolver Loans, Lenders and Agent agree (which agreement is solely among
them, and not for the benefit of or enforceable by any Borrower) that settlement among them with respect to Swingline Loans (including, without limitation, payment of the principal amount thereof and accrued interest thereon) and other Revolver
Loans may take place periodically on a date determined from time to time by Agent, which (i) for Swingline Loans other than Alternate Swingline Loans, shall occur at least once every five Business Days and (ii) for Alternate Swingline
Loans, shall occur at any time as Agent may determine by notice to Lenders, provided, that Alternate Swingline Loans shall be settled in an amount equal to the Dollar Equivalent Amount of the Alternate Currency in which such Alternate
Swingline Loan was funded, determined as provided in Section 1.5.1. On each settlement date, settlement shall be made with each Lender in accordance with the Settlement Report delivered by Agent to Lenders. Between settlement dates,
Agent may in its discretion apply payments on Revolver Loans to Swingline Loans (other than Alternate Swingline Loans), regardless of any designation by Borrower Agent or any Borrower or any provision herein to the contrary (provided that Agent
shall provide notice to Borrower Agent of any such application by Agent in a reasonably prompt fashion). Each Lender hereby purchases, without recourse or warranty, an undivided Pro Rata participation in all Swingline Loans outstanding from time to
time until settled. If a Swingline Loan cannot be settled among Lenders, whether due to an Obligor’s Insolvency Proceeding or for any other reason, each Lender shall pay the amount of its participation in the Loan to Agent, in immediately
available funds, within one Business Day after Agent’s request therefor. Lenders’ obligations to make settlements and to fund participations are absolute, irrevocable and unconditional, without offset, counterclaim or other defense, and
whether or not the Commitments have terminated, an Overadvance exists, or the conditions in Section 6 are satisfied. 

(c) If a Notice of Borrowing delivered pursuant to Section 4.1.1(a) specifies that a Borrowing is to be funded as a
Swingline Loan in an Alternate Currency, then, subject to the terms of this Agreement (including, without limitation, this Section 4.1.3) and Agent’s standard policies and procedures for the funding, continuation and administration
of loans in such Alternative Currency which are not in conflict with this Agreement (including the availability of such Alternate Currency, which standard policies and procedures shall be applicable thereto to the extent not in conflict with this
Agreement), such Loan shall be funded by Agent as a Swingline Loan in such Alternate Currency (any such Swingline Loan funded in an Alternate Currency, an “Alternate Swingline Loan”). Subject to the terms of this Agreement, Agent
shall make Alternate Swingline Loans on any Business Day during the period from the Closing Date to the Revolver Termination Date, not to exceed an amount (based on the Dollar Equivalent Amount thereof) equal to the Alternate Swingline Commitment,
which Alternate Swingline Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. Alternate Swingline Loans shall bear interest as provided for Alternate Swingline Loans in Section 3.1. Each
Alternate Swingline Loan shall be repaid in the Alternate Currency in which it was funded by Agent. For purposes of Sections 3.1.1(c), 3.1.3, 3.1.4, 3.5, 3.6 and 3.8 of this Agreement, each Alternate
Swingline Loan shall be deemed to be a LIBOR Loan. 

  
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 4.1.4 Telephonic Notices. Each Borrower authorizes Agent and Lenders to
extend, convert or continue Loans, effect selections of interest rates, and transfer funds to or on behalf of Borrowers (but not change the account into which Loan proceeds are to be deposited) based on telephonic instructions. Borrower Agent shall
confirm each such telephonic request by prompt delivery to Agent of a written Notice of Borrowing or Notice of Conversion/Continuation, if applicable, duly executed by an authorized officer of Borrower Agent. If a written confirmation differs in any
material respect from the action taken by Agent or Lenders, the records of Agent and Lenders shall govern. Neither Agent nor any Lender shall have any liability for any loss suffered by any Obligor as a result of Agent or any Lender acting upon its
good faith understanding of telephonic or emailed instructions from a person believed in good faith by Agent or any Lender to be a person authorized to give such instructions on an Obligor’s behalf. 

4.1.5 Electronic Notices. Each Borrower authorizes Agent and Lenders to extend, convert or continue Loans, effect
selections of interest rates, and transfer funds to or on behalf of Borrowers based on instructions delivered via electronic mail or submitted through Agent’s website. Neither Agent nor any Lender shall have any liability for any loss suffered
by an Obligor as a result of Agent or any Lender acting upon its good faith understanding of instructions delivered via electronic mail or submitted through Agent’s website from a source believed in good faith by Agent or any Lender to be
authorized to give such instructions on an Obligor’s behalf. 
 4.2 Defaulting Lender. 

4.2.1 Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to
fund, participate in or receive collections with respect to Loans and Letters of Credit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent shall reallocate Pro Rata shares by excluding the Commitments and Loans of
any Defaulting Lender(s) from the calculation of Pro Rata shares, provided, however, that in no event shall any Lender be obligated to fund or participate in Loans or Letters of Credit in an aggregate amount in excess of its Revolver
Commitment. Notwithstanding anything herein to the contrary, a Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Credit Document, except for an amendment, waiver or other modification (a) relating
to an increase in the Commitment of a Defaulting Lender, (b) relating to a postponement of any date fixed for payment of principal or interest on Loans held by a Defaulting Lender, (c) relating to a reduction or forgiveness of the
principal of, or the rate of interest applicable to, any Loan held by a Defaulting Lender, or (d) relating to any provision altering the voting rights of a Defaulting Lender set forth in the immediately preceding clause (a), (b) or (c).

 4.2.2 Payments; Fees. Agent may, in its discretion, receive and retain any amounts payable to a Defaulting Lender
under the Credit Documents, and a Defaulting Lender shall be deemed to have assigned to Agent such amounts until all Obligations owing to Agent, non-Defaulting Lenders and other Secured Parties have been paid in full. Agent may apply such amounts to
the Defaulting Lender’s defaulted obligations, use the funds to Cash Collateralize such Defaulting Lender’s Fronting Exposure, readvance the amounts to Borrowers hereunder or repay Obligations. A Lender shall not be entitled to receive
unused line fees paid pursuant to Section 3.2.1, letter of credit facility fees paid pursuant to Section 3.2.2 or any other fees accruing hereunder during the period in which it is a Defaulting Lender, and the unfunded
portion of its Commitment shall be disregarded for purposes of calculating the unused line fee under Section 3.2.1. If any LC Obligations owing to a Defaulting Lender are reallocated to other Lenders, fees attributable to such LC
Obligations under Section 3.2.2 shall be paid to such Lenders. Agent shall be paid all fees attributable to LC Obligations that are not reallocated. 

  
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 4.2.3 Status; Cure. Agent may determine in its reasonable discretion that
a Lender constitutes a Defaulting Lender and the effective date of such status shall be conclusive and binding on all parties, absent manifest error (provided that such right of determination by Agent shall not preclude Borrower Agent’s right
to make such a determination in accordance with the requirements of the definition of the term “Defaulting Lender”). Borrowers, Agent and Issuing Bank may agree in writing that a Lender has ceased to be a Defaulting Lender, whereupon Pro
Rata shares shall be reallocated without exclusion of the reinstated Lender’s Commitments and Loans, and the Revolver Usage and other exposures under the Revolver Commitments shall be reallocated among Lenders and settled by Agent (with
appropriate payments by the reinstated Lender, including payment of any breakage costs for reallocated LIBOR Loans) in accordance with the readjusted Pro Rata shares. Unless expressly agreed by Borrowers, Agent and Issuing Bank, no reinstatement of
a Defaulting Lender shall constitute a waiver or release of claims against such Lender. The failure of any Lender to fund a Loan, to make a payment in respect of LC Obligations or otherwise to perform its obligations hereunder shall not relieve any
other Lender of its obligations under any Credit Document, and no Lender shall be responsible for default by another Lender. 
 4.3
Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Loans shall be allocated
among Lenders on a Pro Rata basis. No more than ten aggregated LIBOR Loans may be outstanding at any time, and each aggregate LIBOR Loan when made, continued or converted shall be in a minimum amount of $10,000,000 or an increment of $1,000,000 in
excess thereof. Upon determining LIBOR for any Interest Period requested by Borrowers, Agent shall promptly notify Borrower Agent thereof in writing, by telephone or electronically and, if requested by Borrower Agent, shall confirm any telephonic
notice in writing. 
 4.4 Borrower Agent. 

4.4.1 Designation. Each Borrower hereby designates MLP Parent (“Borrower Agent”) as its representative
and agent for all purposes under the Credit Documents, including requests for and receipt of Loans and Letters of Credit, designation of interest rates, delivery or receipt of communications with Agent, Issuing Bank or any Lender, preparation and
delivery of Borrowing Base and financial reports and other Obligor Materials, receipt and payment of Obligations, requests for waivers, amendments or other accommodations, actions under the Credit Documents (including in respect of compliance with
covenants), and all other dealings with Agent, Issuing Bank or any Lender. Borrower Agent hereby accepts such appointment. 

4.4.2 Reliance, etc. Agent and Lenders shall be entitled to rely upon, and shall be fully protected in relying upon, any
notice or communication (including any Notice of Borrowing) delivered by Borrower Agent on behalf of any Borrower. Agent and Lenders may give any notice or communication with a Borrower hereunder to Borrower Agent on behalf of such Borrower. Each of
Agent, Issuing Bank and Lenders shall have the right, in its discretion, to deal exclusively with Borrower Agent for any or all purposes under the Credit Documents. Each Borrower agrees that any notice, election, communication, delivery,
representation, agreement, action or undertaking on its behalf by Borrower Agent shall be binding upon and enforceable against it. 
 4.5
One Obligation. The Loans, LC Obligations and other Obligations shall constitute one general obligation of Borrowers and (unless otherwise expressly provided in any Credit Document) shall 

  
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be secured by Agent’s Lien upon all Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against,
each Borrower to the extent of any Obligations jointly or severally owed by such Borrower. 
 4.6 Effect of Termination; Survival. On
the effective date of any termination of all of the Commitments, all Obligations shall be immediately due and payable, and any Lender may terminate its and its Affiliates’ Bank Products (including, with the consent of Agent, any Cash Management
Services). All undertakings of Obligors contained in the Credit Documents shall continue, and Agent shall retain its Liens in the Collateral and all of its rights and remedies under the Credit Documents until Full Payment of the Obligations.
Notwithstanding Full Payment of the Obligations, Agent shall not be required to terminate its Liens in any Collateral unless, with respect to any damages Agent may incur as a result of the dishonor or return of Payment Items applied to Obligations,
Agent receives (a) a written agreement, executed by Obligors and any Person whose advances are used in whole or in part to satisfy the Obligations, indemnifying Agent and Lenders from any such damages; or (b) such Cash Collateral as Agent,
in its reasonable discretion, deems necessary to protect against any such damages. The provisions of Sections 2.3, 3.4, 3.6, 3.8, 5.4, 5.8, 5.9, 11, 13.2, 13.3 and this Section, and each indemnity or waiver given by an Obligor or Lender
in any Credit Document, shall survive Full Payment of the Obligations and any release relating to this credit facility. 
  

	SECTION 5.	PAYMENTS 

 5.1 General Payment Provisions. All payments of Obligations shall be
made in Dollars (except as may be otherwise provided in this Agreement), without offset, counterclaim or defense of any kind, subject to the provisions of Section 5.8 and in immediately available funds, not later than 3:00 p.m. on the
due date. Any payment after such time shall be deemed made on the next Business Day. Borrowers may, at the time of payment, specify to Agent the Obligations to which such payment is to be applied, but Agent shall, so long as an Event of Default has
occurred and is continuing, and whether or not an Event of Default has occurred and is continuing in the case of payments of interest accrued on the Loans and payments of fees with respect to Letters of Credit payable under Section 3.2.2
when due, retain the right to apply such payment in such manner as Agent, subject to the provisions hereof, may determine to be appropriate consistent with the requirements of, or otherwise to ensure compliance with the terms and provisions of,
this Agreement. If Borrowers fail to designate which type of Loans are to be repaid with any payment, the payment shall be applied first to the General Revolver Loans and then to the Distribution Revolver Loans. If any payment under the Credit
Documents shall be stated to be due on a day other than a Business Day, the due date shall be extended to the next Business Day and such extension of time shall be included in any computation of interest and fees. Any payment of a LIBOR Loan prior
to the end of its Interest Period shall be accompanied by all amounts due under Section 3.8. Any prepayment of Loans shall be applied first to Base Rate Loans and then to LIBOR Loans. 

5.2 Repayment of Revolver Loans. Revolver Loans shall be due and payable in full on the Revolver Termination Date, unless payment is
sooner required hereunder. Revolver Loans may be prepaid at any time from time to time, without penalty or premium. If any Disposition (including any Involuntary Disposition) includes the disposition of Accounts or Inventory (other than Inventory
sold in the Ordinary Course of Business), then Net Cash Proceeds equal to the greater of (a) the net book value of such Accounts and Inventory, or (b) the reduction in the Borrowing Base upon giving effect to such Disposition (or
Involuntary Disposition), shall be applied to the Revolver Loans; provided, however, that if (i) no Cash Dominion Trigger Event then exists, and (ii) immediately after giving effect to such Disposition (or Involuntary
Disposition) and any reduction in the Borrowing Base which has resulted or will result (determined as of the time of such Disposition or Involuntary Disposition) therefrom in accordance with this Agreement, no Overadvance will exist, then such Net
Cash Proceeds shall be deposited into a Springing Dominion Account and may thereafter be expended or otherwise used by Borrowers in any manner not prohibited by this Agreement. Notwithstanding anything herein to the

  
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contrary, if an Overadvance exists, Borrowers shall, on the sooner of Agent’s demand or the first Business Day after any Borrower has knowledge thereof, repay the outstanding Revolver Loans
in an amount sufficient to reduce Revolver Usage to the Borrowing Base. 
 5.3 Payment of Other Obligations. Obligations other than
Loans, including LC Obligations and Extraordinary Expenses, shall be paid by Borrowers as provided in the Credit Documents or, if no payment date is specified, on demand. 

5.4 Marshaling; Payments Set Aside. None of Agent or Lenders shall be under any obligation to marshal any assets in favor of any
Obligor or against any Obligations. To the extent that any payment by or on behalf of Borrowers or from the proceeds of Collateral is made to Agent, Issuing Bank or any Lender, or Agent, Issuing Bank or any Lender exercises its right of setoff under
Section 10.4, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by Agent,
Issuing Bank or such Lender in its discretion during an Event of Default or otherwise with Borrower Agent’s prior written consent) to be repaid to a trustee, receiver or any other party, in connection with any Insolvency Proceeding or
otherwise, then (a) to the extent of such recovery, the Obligation or part thereof originally intended to be satisfied, and all Liens and rights and remedies relating thereto, shall be revived and continued in full force and effect as if such
payment had not been made or such setoff had not occurred, and (b) each Lender and Issuing Bank severally agrees to pay to Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by Agent, plus
interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. 

5.5 Application and Allocation of Payments. 

5.5.1 Application. Payments made by any Borrower or other Obligor hereunder shall be applied (a) first, as
specifically required hereby; (b) second, to Obligations then due and owing; (b) third, to other Obligations specified by Borrowers; and (c) fourth, as determined by Agent in its discretion. 

5.5.2 Post-Default Allocation. Notwithstanding anything herein to the contrary, during an Event of Default, monies to be
applied to the Obligations, whether arising from payments by Obligors, realization on Collateral or otherwise, shall be allocated as follows: 

(a) first, to all fees, indemnification, costs and expenses, including Extraordinary Expenses, owing to Agent; 

(b) second, to all amounts owing to Agent on Swingline Loans, Protective Advances and Loans and participations that a
Defaulting Lender has failed to settle or fund; 
 (c) third, to all amounts owing to Issuing Bank on LC Obligations;

 (d) fourth, to all Obligations (other than Bank Product Indebtedness) constituting fees, indemnification, costs or
expenses owing to Lenders; 
 (e) fifth, to all Obligations (other than Bank Product Indebtedness) constituting
interest; 
 (f) sixth, to Cash Collateralize all LC Obligations to the extent not otherwise Cash Collateralized
pursuant to the terms hereof; 

  
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 (g) seventh, to all Obligations constituting principal of the Loans; 

(h) eighth, to all Bank Product Indebtedness; 

(i) ninth, to all other Obligations, other than Bank Product Indebtedness; and 

(j) tenth, to Borrowers (or any other Obligor which may be entitled thereto, as applicable). 

Amounts shall be applied to each category of Obligations set forth above until full payment thereof and then to the next category. If amounts
are insufficient to satisfy a category, they shall be applied on a pro rata basis among the Obligations in the category. Amounts distributed with respect to any Bank Product Indebtedness shall be the lesser of the applicable Bank Product Amount last
reported to Agent or the actual Bank Product Indebtedness as calculated by the methodology reported to Agent for determining the amount due. Monies and proceeds obtained from an Obligor shall not be applied to its Excluded Swap Obligations, but
appropriate adjustments shall be made with respect to amounts obtained from other Obligors to preserve the allocations in any applicable category. Agent shall have no obligation to calculate the amount to be distributed with respect to any Bank
Product Indebtedness, but may rely upon written notice of the amount (setting forth a reasonably detailed calculation) from the applicable Secured Party. If a Secured Party fails to deliver such notice within five days following request by Agent,
Agent may assume the amount to be distributed is the Bank Product Amount last reported to it. The allocations set forth in this Section (other than the tenth allocation to Borrowers or another Obligor) are solely to determine the rights and
priorities of Agent and Lenders as among themselves, and may be changed by agreement among them without the consent of any Obligor. Except for the allocation to Borrowers or another Obligor set forth in clause (j) preceding, this Section
is not for the benefit of or enforceable by any Borrower or other Obligor. Within the foregoing parameters, payments applied to Revolver Loans shall be applied first to General Revolver Loans and then to Distribution Revolver Loans. 

5.5.3 Erroneous Application. Agent shall not be liable for any application of amounts made by it in good faith and, if
any such application is subsequently determined to have been made in error, the sole recourse of any Lender or other Person to which such amount should have been made shall be to recover the amount from the Person that actually received it (and, if
such amount was received by any Lender, such Lender hereby agrees to return it). 
 5.6 Application of Payments. Subject to
Section 5.5, after the occurrence of a Cash Dominion Trigger Event and until such time as a Cash Dominion Trigger Event has not existed for 30 consecutive days, the ledger balance in the Dominion Accounts as of the end of a Business Day
shall be applied to the Obligations (other than Bank Product Indebtedness) then outstanding at the beginning of the next Business Day. Each Obligor irrevocably waives the right to direct the application of any payments or Collateral proceeds, and
agrees that Agent shall have the continuing, exclusive right to apply and reapply same against the Obligations, in such manner as Agent deems advisable, notwithstanding any entry by Agent in its records. If, as a result of Agent’s receipt of
Payment Items or proceeds of Collateral, a credit balance exists, the balance shall not accrue interest in favor of Borrowers or any other Obligor (unless otherwise separately and expressly agreed in writing by Agent on or after the date of this
Agreement) and shall be made available to Borrowers (or another Obligor, as applicable) as long as no Event of Default exists. 

  
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 5.7 Loan Account; Account Stated. 

5.7.1 Loan Account. Agent shall maintain in accordance with its usual and customary practices an account or accounts
(“Loan Account”) evidencing the Indebtedness of Borrowers resulting from each Loan or issuance of a Letter of Credit from time to time, including the amount of principal and interest payable and outstanding LC Obligations. Any
failure of Agent to record anything in the Loan Account, or any error in doing so, shall not limit or otherwise affect the obligation of Borrowers to pay any amount owing hereunder. Agent may maintain a single Loan Account in the name of Borrower
Agent, and each Borrower confirms that such arrangement shall have no effect on the joint and several character of its liability for the Obligations. 

5.7.2 Entries Binding. Entries made in the Loan Account shall constitute presumptive evidence of the information
contained therein. If any information contained in the Loan Account is provided to or inspected by any Person, then such information shall be presumed correct absent manifest error, except to the extent such Person notifies Agent in writing within
30 days after receipt or inspection that specific information is subject to dispute. 
 5.8 Taxes. 

5.8.1 Payments Free of Taxes; Obligation to Withhold; Tax Payment. 

(a) Any and all payments of Obligations by Obligors shall be made without deduction or withholding of any Taxes, except as
required by Applicable Law. If Applicable Law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable
Withholding Agent shall be entitled to make such deduction or withholding based on information and documentation provided pursuant to Section 5.9. 

(b) If the applicable Withholding Agent (as determined in its good faith discretion) is required by Applicable Law to withhold
or deduct Taxes from any such payment, then (i) the applicable Withholding Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with Applicable Law, and (ii) if the Taxes are
Indemnified Taxes, then the sum payable by the applicable Obligor shall be increased as necessary so that, after such deduction or withholding has been made (including such deductions and withholdings applicable to additional amounts payable under
this Section) the Recipient receives an amount equal to the sum it would have received had no such withholding or deduction been made. 

5.8.2 Payment of Other Taxes. Without limiting the foregoing, Borrowers shall timely pay to the relevant Governmental
Authority in accordance with Applicable Law, or, at Agent’s option, timely reimburse Agent for payment of, any Other Taxes. 

5.8.3 Tax Indemnification. 

(a) Each Borrower shall indemnify and hold harmless, on a joint and several basis, each Recipient against any Indemnified Taxes
(including those imposed or asserted on or attributable to amounts payable under this Section) payable or paid by a Recipient or required to be withheld or deducted from a payment to a Recipient, and any penalties, interest and reasonable expenses
arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant 

  
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Governmental Authority. Each Borrower shall make payment within 10 days after written demand for any amount or liability payable under this Section. A certificate as to the amount of such payment
or liability delivered to Borrower Agent by a Lender or Issuing Bank (with a copy to Agent), or by Agent on its own behalf or on behalf of any Recipient, shall be presumed correct absent manifest error. 

(b) Each Lender and Issuing Bank shall indemnify and hold harmless, on a several basis, (i) Agent against any Indemnified
Taxes attributable to such Lender or Issuing Bank (but only to the extent Borrowers have not already paid or reimbursed Agent therefor and without limiting Borrowers’ obligation to do so), (ii) Agent and Obligors, as applicable, against
any Taxes attributable to such Lender’s failure to maintain a Participant register as required hereunder, and (iii) Agent and Obligors, as applicable, against any Excluded Taxes attributable to such Lender or Issuing Bank, in each case,
that are payable or paid by Agent or an Obligor in connection with any Obligations, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the
relevant Governmental Authority. Each Lender and Issuing Bank shall make payment within 10 days after demand for any amount or liability payable under this Section. A certificate as to the amount of such payment or liability delivered to any Lender
or Issuing Bank by Agent shall be presumed correct absent manifest error. 
 5.8.4 Evidence of Payments. If Agent or
an Obligor pays any Taxes pursuant to this Section, then upon request, Agent shall deliver to Borrower Agent or Borrower Agent shall deliver to Agent, respectively, a copy of a receipt issued by the appropriate Governmental Authority evidencing such
payment, a copy of any return required by Applicable Law to report such payment, or other evidence of such payment reasonably satisfactory to Agent or Borrower Agent, as applicable. 

5.8.5 Treatment of Certain Refunds. Unless required by Applicable Law, at no time shall Agent have any obligation to
file for or otherwise pursue on behalf of a Lender or Issuing Bank, nor have any obligation to pay to any Lender or Issuing Bank, any refund of Taxes withheld or deducted from funds paid for the account of a Lender or Issuing Bank. If a Recipient
determines in its discretion that it has received a refund of any Taxes as to which it has been indemnified by Obligors or with respect to which an Obligor has paid additional amounts pursuant to this Section, it shall pay Obligors an amount equal
to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by Obligors with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, and
without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that Obligors agree, upon request by the Recipient, to repay the amount paid over to Obligors (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) to the Recipient if the Recipient is required to repay such refund to the Governmental Authority. Notwithstanding anything herein to the contrary, no Recipient shall be
required to pay any amount to Obligors if such payment would place the Recipient in a less favorable net after-Tax position than it would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted,
withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. In no event shall Agent or any Recipient be required to make its tax returns (or any other information relating to its
taxes that it deems confidential) available to any Obligor or other Person. 
 5.8.6 Survival. Each party’s
obligations under this Section 5.8 and under Section 5.9 shall survive the resignation or replacement of Agent or any assignment of rights by or replacement of a Lender or Issuing Bank, the termination of the Commitments, and
the repayment, satisfaction, discharge or Full Payment of any Obligations. 
 5.8.7 Definitions. For purposes of this
Section 5.8 and Section 5.9, the term “Lender” includes any Issuing Bank and the term “Applicable Law” includes FATCA. 

  
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 5.9 Lender Tax Information  

5.9.1 Status of Lenders. Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect
to payments of Obligations shall deliver to Borrower Agent and Agent, at the time or times reasonably requested by Borrower Agent or Agent, such properly completed and executed documentation reasonably requested by Borrower Agent or Agent as will
permit such payments to be made without or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by Borrower Agent or Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably requested by
Borrower Agent or Agent to enable it to determine whether such Lender is subject to backup withholding or information reporting requirements. Notwithstanding the foregoing, such documentation (other than documentation described in Sections
5.9.2(a), (b) and (d)) shall not be required if a Lender reasonably believes delivery of the documentation would subject it to any material unreimbursed cost or expense or would materially prejudice its legal or commercial position.

 5.9.2 Documentation. Without limiting the foregoing, if any Borrower is a U.S. Person, 

(a) Any Lender that is a U.S. Person shall deliver to Borrower Agent and Agent on or prior to the date on which such Lender
becomes a Lender hereunder (and from time to time thereafter upon reasonable request of Borrower Agent or Agent), executed originals of IRS Form W-9 (or any successor form), certifying that such Lender is exempt from U.S. federal backup withholding
Tax; 
 (b) Any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to Borrower Agent and Agent (in
such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender hereunder (and from time to time thereafter upon reasonable request of Borrower Agent or Agent), whichever of the
following is applicable: 
 (i) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the
United States is a party, (A) with respect to payments of interest under any Credit Document, executed originals of IRS Form W-8BEN (or any successor form) or, if applicable, IRS Form W-8BEN-E (or any successor form) establishing an exemption
from or reduction of U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty, and (B) with respect to other payments under the Credit Documents, IRS Form W-8BEN (or any successor form) or, if applicable, IRS
Form W-8BEN-E (or any successor form) establishing an exemption from or reduction of U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(ii) executed originals of IRS Form W-8ECI (or any successor form); 

(iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c)
of the Code, (A) a certificate 

  
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substantially in the form of Exhibit F-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent
shareholder” of a Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (“U.S. Tax Compliance Certificate”), and
(B) executed originals of IRS Form W-8BEN (or any successor form) or, if applicable, IRS Form W-8BEN-E (or any successor form); or 

(iv) to the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY (or any successor
form), accompanied by IRS Form W-8ECI (or any successor form), IRS Form W-8BEN (or any successor form), W-8BEN-E (or any successor form), a U.S. Tax Compliance Certificate substantially in the form of Exhibit F-2 or Exhibit F-3, as
applicable, , IRS Form W-9 (or any successor form) and/or other certification documents from each beneficial owner, as applicable; provided that if such Foreign Lender is a partnership and one or more direct or indirect partners of such
Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit F-4 on behalf of each such direct and indirect partner; 

(c) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to Borrower Agent and Agent (in such
number of copies as shall be requested by the Recipient) on or prior to the date on which such Foreign Lender becomes a Lender hereunder (and from time to time thereafter upon the reasonable request of Borrower Agent or Agent), executed originals of
any other form prescribed by Applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by Applicable Law to permit
Borrower Agent or Agent to determine the withholding or deduction required to be made; and 
 (d) if payment of an Obligation
to a Lender would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code), such
Lender shall deliver to Borrower Agent and Agent, at the time(s) prescribed by Applicable Law and otherwise as reasonably requested by Borrower Agent or Agent, such documentation prescribed by Applicable Law (including Section 1471(b)(3)(C)(i)
of the Code) and such additional documentation reasonably requested by Borrower Agent or Agent as may be necessary for it to comply with its obligations under FATCA and to determine that such Lender has complied with its obligations under FATCA or
to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (d), “FATCA” shall include any amendments made to FATCA after the date hereof. 

5.9.3 Redelivery of Documentation. If any form or certification previously delivered by a Lender pursuant to this
Section expires or becomes obsolete or inaccurate in any respect, such Lender shall promptly update the form or certification or notify Borrowers and Agent in writing of its inability to do so. 

5.10 Nature and Extent of Each Borrower’s Liability. 

5.10.1 Joint and Several Liability. Each Borrower agrees that it is jointly and severally liable for, and absolutely and
unconditionally guarantees to Agent and Lenders the prompt payment and performance of, all Obligations (excluding, for the avoidance of doubt, its Excluded Swap Obligations) and all agreements under the Credit Documents. Each Borrower agrees that

  
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its guaranty obligations hereunder constitute a continuing guaranty of payment and performance and not of collection, that such obligations shall not be discharged until Full Payment of the
Obligations, and that such obligations are absolute and unconditional, irrespective of (a) the genuineness, validity, regularity, enforceability, subordination or any future modification of, or change in, any Obligations or Credit Document, or
any other document, instrument or agreement to which any Obligor is or may become a party or liable; (b) the absence of any action to enforce this Agreement (including this Section) or any other Credit Document, or any waiver, consent or
indulgence of any kind by Agent or any Lender with respect thereto; (c) the existence, value or condition of, or failure to perfect a Lien or to preserve rights against, any security or guaranty for the Obligations or any action, or the absence
of any action, by Agent or any Lender in respect thereof (including the release of any security or guaranty); (d) the insolvency of any Obligor; (e) any election by Agent or any Lender in an Insolvency Proceeding for the application of
Section 1111(b)(2) of the Bankruptcy Code; (f) any borrowing or grant of a Lien by any other Borrower, as debtor-in-possession under Section 364 of the Bankruptcy Code or otherwise; (g) the disallowance of any claims of Agent or
any Lender against any Obligor for the repayment of any Obligations under Section 502 of the Bankruptcy Code or otherwise; or (h) any other action or circumstances that might otherwise constitute a legal or equitable discharge or defense
of a surety or guarantor, except Full Payment of all Obligations. 
 5.10.2 Waivers. 

(a) Each Obligor expressly waives all rights that it may have now or in the future under any statute, at common law, in equity
or otherwise, to compel Agent or Lenders to marshal assets or to proceed against any Obligor, other Person or security for the payment or performance of any Obligations before, or as a condition to, proceeding against such Obligor. It is agreed
among each Obligor, Agent and Lenders that the provisions of this Section are of the essence of the transaction contemplated by the Credit Documents and that, but for such provisions, Agent and Lenders would decline to make Loans and issue Letters
of Credit. Notwithstanding anything to the contrary in any Credit Document, and except as set forth in Section 5.10.3 or after Full Payment of all Obligations, each Obligor expressly waives all rights at law or in equity to subrogation,
reimbursement, exoneration, contribution, indemnification or set off, as well as all defenses available to a surety, guarantor or accommodation co-obligor. Each Obligor acknowledges that its guaranty pursuant to this Section is necessary to the
conduct and promotion of its business, and can be expected to benefit such business. 
 (b) Agent and (subject to the terms
and provisions of this Agreement and the other Credit Documents) Lenders may, in their discretion, pursue such rights and remedies as they deem appropriate, including (upon the occurrence and during the continuation of an Event of Default)
realization upon Collateral by judicial foreclosure or non-judicial sale or enforcement, without affecting any rights and remedies under this Section 5.10. If, in the exercise of any rights or remedies, Agent or any Lender shall forfeit
any of its rights or remedies, including its right to enter a deficiency judgment against any Obligor or any other Person, whether because of any Applicable Laws pertaining to “election of remedies” or otherwise, each Obligor
consents to such action by Agent or such Lender and waives any claim based upon such action, even if the action may result in loss of any rights of subrogation that any Obligor might otherwise have had but for such action. Any election of remedies
that results in denial or impairment of the right of Agent or any Lender to seek a deficiency judgment against any Obligor shall not impair any other Obligor’s obligation to pay the full amount of the Obligations. Each Obligor waives all rights
and defenses arising out of an election of remedies, such as nonjudicial foreclosure with respect to any security for the Obligations, even though that 

  
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election of remedies destroys such Obligor’s rights of subrogation against any other Person. If Agent bids at any foreclosure or trustee’s sale or at any private sale, Agent may bid all
or a portion of the Obligations and the amount of such bid need not be paid by Agent but shall be credited against the Obligations. The amount of the successful bid at any such sale, whether Agent or any other Person is the successful bidder, shall
be conclusively deemed to be the fair market value of the Collateral, and the difference between the amount of such successful bid amount and the remaining balance of the Obligations shall be conclusively deemed to be the amount of the Obligations
guaranteed under this Section 5.10, notwithstanding that any present or future law or court decision may have the effect of reducing the amount of any deficiency claim to which Agent or any Lender might otherwise be entitled but for such
bidding at any such sale. 
 5.10.3 Extent of Liability; Contribution. 

(a) Notwithstanding anything herein to the contrary, each Obligor’s liability under this Section 5.10 shall be
limited to the greater of (i) the amount of the Obligations (subject to each Obligor’s right to contribution, indemnification and reimbursement payments described below), and (ii) such Obligor’s Allocable Amount. 

(b) If any Obligor makes a payment under this Section 5.10 of any Obligations (other than amounts for which such
Obligor is primarily liable) (a “Guarantor Payment”) that, taking into account all other Guarantor Payments previously or concurrently made by any other Obligor, exceeds the amount that such Obligor would otherwise have paid if each
Obligor had paid the aggregate Obligations satisfied by such Guarantor Payments in the same proportion that such Obligor’s Allocable Amount bore to the total Allocable Amounts of all Obligors, then such Obligor shall be entitled to receive
contribution and indemnification payments from, and to be reimbursed by, each other Obligor for the amount of such excess, pro rata based upon their respective Allocable Amounts in effect immediately prior to such Guarantor Payment. The
“Allocable Amount” for any Obligor shall be the maximum amount that could then be recovered from such Obligor under this Section 5.10 without rendering such payment voidable or avoidable under Section 548 of the
Bankruptcy Code or under any applicable state fraudulent transfer or conveyance act, or similar statute or common law. 
 (c)
Nothing contained in this Section 5.10 shall limit the liability of any Borrower to pay Loans made directly or indirectly to that Borrower (including Loans advanced to any other Borrower and then re-loaned or otherwise transferred to, or
for the benefit of, such Borrower), LC Obligations relating to Letters of Credit issued to support such Borrower’s business, and all accrued interest, fees, expenses and other related Obligations with respect thereto, for which such Borrower
shall be primarily liable for all purposes hereunder. Agent and Lenders shall have the right, at any time in their discretion upon giving at least 20 Business Days’ prior written notice to Borrower Agent, to condition Loans and Letters of
Credit upon a separate calculation of borrowing availability for each Borrower and to restrict the disbursement and use of such Loans and Letters of Credit to such Borrower. 

(d) Each Obligor that is a Qualified ECP when its guaranty of or grant of Lien as security for a Swap Obligation becomes
effective hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide funds or other support to each Specified Obligor with respect to such Swap Obligation as may be needed by such Specified Obligor from time to
time to honor all of its obligations under any Credit Documents in respect of such Swap Obligation (but, in each case, only up to the 

  
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maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP’s obligations and undertakings under this Section 5.10 voidable under any
applicable fraudulent transfer or conveyance act). The obligations and undertakings of each Qualified ECP under this Section shall remain in full force and effect until Full Payment of all Obligations. Each Obligor intends this Section to
constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support or other agreement” for the benefit of, each Obligor for all purposes of the Commodity Exchange Act. 

5.10.4 Joint Enterprise. Each Borrower has requested that Agent and Lenders make the credit facility established
hereunder available to Borrowers on a combined basis, in order to finance Borrowers’ business most efficiently and economically. Borrowers’ business is a mutual and collective enterprise, and the successful operation of each Borrower is
dependent upon the successful performance of the integrated group. Borrowers believe that consolidation of their credit facility will enhance the borrowing power of each Borrower and ease the administration of their relationship with Lenders, all to
the mutual advantage of Borrowers. Borrowers acknowledge and agree that Agent’s and Lenders’ willingness to extend credit to Borrowers and to administer the Collateral on a combined basis, as set forth herein, is done solely as an
accommodation to Borrowers and at Borrowers’ request. 
  

	SECTION 6.	CONDITIONS PRECEDENT 

 6.1 Conditions Precedent to Initial Credit Extension. In
addition to the conditions precedent set forth in Section 6.2, Agent, Issuing Bank and Lenders shall not be required to fund or arrange for the issuance of the initial Borrowing or Letter of Credit, and this Agreement shall not be
effective to amend and restate the Existing Credit Agreement, unless the following conditions are satisfied (or effectively waived in writing in accordance with Section 13.1) and, with respect to deliveries, each such delivery shall be
fully executed, where applicable, and in form and substance reasonably satisfactory to Agent (unless otherwise expressly stated in this Section 6.1 below): 

(a) Credit Documents, Organization Documents, Etc. Agent’s receipt of the following, each of which shall be
originals or telecopies or other electronic copies (followed promptly by originals) unless otherwise specified, each properly executed by a Senior Officer of the signing Obligor or MLP General Partner and each in form and substance reasonably
satisfactory to Agent and each of Lenders: 
 (i) executed counterparts of this Agreement and the Security Agreement, each
dated as of the date hereof; 
 (ii) executed counterparts of the Deposit Account Control Agreements, in each case to the
extent required by this Agreement or any other Credit Document but except to the extent that the foregoing were previously executed in connection with the Existing Credit Agreement and remain in full force and effect; 

(iii) a Note executed by each Borrower in favor of each Lender requesting a Note; 

(iv) copies of the Organization Documents of each Obligor certified to be true and complete as of a recent date by the
appropriate Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable, and certified by a secretary or assistant secretary of such Obligor to be true and correct as of the Closing Date; 

  
 SECOND AMENDED AND RESTATED CREDIT
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 (v) such certificates of resolutions or other action, incumbency certificates
and/or other certificates of Senior Officers of each Obligor or MLP General Partner as Agent may reasonably require evidencing the identity, authority and capacity of each Senior Officer thereof authorized to act as a Senior Officer in connection
with this Agreement and the other Credit Documents to which such Obligor is a party (and Agent may rely on such certificates until otherwise notified by the applicable Obligor in writing); and 

(vi) such documents and certifications as Agent may reasonably require to evidence that each Obligor is duly organized or
formed, and is validly existing, in good standing and qualified to engage in business in (A) the jurisdiction of its incorporation or organization and (B) each jurisdiction where its ownership, lease or operation of Properties or the
conduct of its business requires such qualification, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 

(b) Opinions of Counsel. Agent shall have received, in each case dated as of the Closing Date and in form and substance
reasonably satisfactory to Agent: 
 (i) a legal opinion of Fulbright & Jaworski LLP, counsel for Obligors; 

(ii) a legal opinion of Barnes & Thornburg, special Indiana counsel for Calumet Lubricants Co., Limited Partnership,
an Indiana limited partnership; 
 (iii) a legal opinion of Crowe & Dunlevy, a Professional Corporation, special
Oklahoma counsel for Anchor Drilling Fluids USA, Inc., an Oklahoma corporation; and 
 (iv) a legal opinion of Lowenstein
Sandler LLP, special New Jersey counsel for Weld Corporation, a New Jersey corporation, and Kurlin Company, Inc., a New Jersey corporation. 

(c) Personal Property Collateral. Agent shall have received: 

(i) searches of Uniform Commercial Code filings in the jurisdiction of the chief executive office of each Obligor and each
jurisdiction where any Collateral is located or where a filing would need to be made in order to perfect Agent’s security interest in the Collateral, copies of the financing statements on file in such jurisdictions and evidence that no Liens
exist other than Permitted Liens; 
 (ii) UCC financing statements for each appropriate jurisdiction as is necessary, in
Agent’s reasonable discretion, to perfect Agent’s security interest in the Collateral; 
 (iii) evidence that all
Instruments and Chattel Paper in the possession of any of Obligors with a value in excess of $5,000,000, together with allonges or assignments as may be necessary or appropriate to perfect Agent’s security interest in the Collateral, have been
delivered to Agent; 

  
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 (iv) duly executed Lien Waivers and such other consents as are necessary, in
Agent’s reasonable discretion, to perfect Agent’s security interest in the Collateral and ensure the first priority thereof in accordance with the terms of the Collateral Documents, including agreements establishing each Dominion Account
and related lockbox in form and substance, and with financial institutions, reasonably satisfactory to Agent; and 
 (v) in
the case of any personal property Collateral located at a premises leased by an Obligor, such estoppel letters, consents and waivers from the landlords on such real Property as may be required by Agent (it being understood that such estoppel
letters, consents and waivers shall not be required if Borrower Agent requests that Agent instead provide for a Rent and Costs Reserve in an amount equal to at least three months’ rent owing to such landlords). 

(d) Evidence of Insurance. Receipt by Agent of copies of insurance policies or certificates of insurance of Obligors
evidencing liability and casualty insurance, including endorsements naming Agent as additional insured (in the case of liability insurance) or loss payee (in the case of hazard insurance) on behalf of Agent, for the benefit of Lenders, in each case,
meeting the requirements set forth in Section 9.1.7. 
 (e) Officer’s Certificates. Agent shall have
received a certificate or certificates executed by a Senior Officer of each Borrower or MLP General Partner as of the Closing Date, in form and substance reasonably satisfactory to Agent, stating that the conditions specified in subsections
(a) through (d) of Section 6.2, as applicable, have been satisfied. 
 (f) Financial
Statements. Receipt by Agent and Lenders of the Audited Financial Statements and the accompanying accountants’ opinion prepared in connection therewith. 

(g) Solvency. Agent shall have received a certificate executed by a Senior Officer of each Borrower or MLP General
Partner as of the Closing Date, in form and substance reasonably satisfactory to Agent, certifying that each Borrower individually is, and all Obligors on a consolidated basis are, Solvent. 

(h) Fees. Any fees required to be paid by Borrowers to Agent, Arrangers or any of Lenders pursuant to the Fee Letter or
otherwise agreed in writing on or before the Closing Date shall have been paid. 
 (i) Attorney Costs. Borrowers shall
have paid all reasonable fees, charges and disbursements of outside counsel of Agent to the extent invoiced prior to or on the Closing Date. 

(j) Priority of Liens. Agent shall have received satisfactory evidence that (i) Agent, on behalf of Lenders, holds
a first priority, perfected Lien on all Collateral (subject to clause (ii)) and (ii) none of the Collateral is subject to any other Liens other than Permitted Liens and Liens on Indebtedness to be repaid on the Closing Date and to be
released on or promptly after the Closing Date. 

  
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 (k) Due Diligence. No material adverse change in the financial condition
of Obligors and their Restricted Subsidiaries, taken as a whole, shall have occurred since December 31, 2013. 
 (l)
Borrowing Base Certificate; Opening Availability. Agent shall have received a Borrowing Base Certificate calculated as of the last day of the month immediately preceding the Closing Date. Upon giving effect to the initial funding of Loans or
initial issuance of Letters of Credit and the payment by Borrowers of all fees and expenses incurred in connection herewith, Availability shall be at least $350,000,000. 

(m) Payment of Obligations under Existing Credit Agreement. Except as may be otherwise agreed by Agent, all principal,
interest, fees, costs, expenses and other “Obligations” (as such term is defined in the Existing Credit Agreement) accrued and unpaid under the Existing Credit Agreement and the “Credit Documents” (as such term is
defined in the Existing Credit Agreement), in each case, that have accrued or are otherwise outstanding or due and payable thereunder, shall be paid in full concurrently with the initial advance of Revolver Loans hereunder. 

Without limiting the generality of the provisions of Section 11.3, for purposes of determining compliance with the
conditions specified in this Section 6.1, each Lender and Issuing Bank that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder
to be consented to or approved by or acceptable or satisfactory to a Lender or Issuing Bank unless Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto. 

6.2 Conditions Precedent to All Credit Extensions. Agent, Issuing Bank and Lenders shall not be required to fund any Loans, arrange for
issuance of any Letters of Credit or grant any other accommodation hereunder to or for the benefit of Borrowers, unless the following conditions are satisfied: 

(a) No Default or Event of Default shall exist at the time of, or result from, such funding, issuance or grant; 

(b) Immediately before and after giving effect to such funding, issuance or grant, the Revolver Usage shall not exceed the
Borrowing Base; 
 (c) The representations and warranties of each Obligor in the Credit Documents shall be true and correct
on the date of, and upon giving effect to, such funding, issuance or grant (except for representations and warranties that expressly relate only to an earlier date, which shall be true and correct on such date); and 

(d) With respect to issuance of a Letter of Credit, the LC Conditions shall have been satisfied. 

Each Notice of Borrowing (or deemed request, except as otherwise expressly stated herein) by Borrowers, other than a Notice of Borrowing
requesting only a conversion of Loans to Loans of another Type or a continuation of Eurodollar Rate Loans, for funding of a Loan, issuance of a Letter of Credit or grant of an accommodation shall constitute a representation by Borrowers that the
foregoing conditions, as applicable are satisfied on the date of such request and on the date of such funding, issuance or grant. 

  
 SECOND AMENDED AND RESTATED CREDIT
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 6.3 Limited Waiver of Conditions Precedent. If Agent, Issuing Bank or Lenders fund any
Loans, arrange for issuance of any Letters of Credit or grant any other accommodation when any conditions precedent are not satisfied (regardless of whether the lack of satisfaction was known or unknown at the time), it shall not operate as a waiver
of (a) the right of Agent, Issuing Bank and Lenders to insist upon satisfaction of all conditions precedent with respect to any subsequent funding, issuance or grant; nor (b) any Default or Event of Default due to such failure of
conditions or otherwise. 
  

	SECTION 7.	COLLATERAL ADMINISTRATION 

 7.1 Borrowing Base Certificates. Prior to the
occurrence of a Reporting Trigger Event (and after a Reporting Trigger Event has not existed for 30 consecutive days), Borrowers shall, by the 12th Business Day of each month, deliver to Agent
(and Agent shall promptly deliver same to Lenders) a Borrowing Base Certificate prepared as of the close of business of the previous month, and at such other times as Agent may reasonably request. After the occurrence of a Reporting Trigger Event
and until such time as a Reporting Trigger Event has not existed for 30 consecutive days, Borrowers shall, on or before 10:00 p.m. on the second Business Day of each week, deliver to Agent (and Agent shall promptly deliver same to Lenders) a
Borrowing Base Certificate prepared as of the close of business of Friday of the immediately preceding week, and at such other times as Agent may reasonably request. All calculations of Availability in any Borrowing Base Certificate shall originally
be made by Borrowers and signed by a Senior Officer or the Controller of Borrower Agent or its general partner, provided that Agent may in its Permitted Discretion from time to time review and adjust any such calculation (a) to reflect its
reasonable estimate of declines in value of any Collateral, due to collections received in the Dominion Account or otherwise; and (b) to the extent the calculation is not made in accordance with this Agreement or does not accurately reflect the
Availability Reserve. 
 7.2 Administration of Accounts, etc. 

7.2.1 Records and Schedules of Accounts, etc. Each Obligor shall keep accurate and complete records of its Accounts,
including all payments and collections thereon, and shall submit to Agent, on such periodic basis as Agent may reasonably request, a sales and collections report, in form reasonably satisfactory to Agent. Each Borrower shall also provide to Agent,
on or before the 12th Business Day of each month, (a) a detailed aged trial balance of all Accounts as of the end of the preceding month, specifying each Account’s Account Debtor name,
amount, invoice date and due date, showing any discount, allowance, credit, authorized return or dispute, and including such proof of delivery, copies of invoices and invoice registers, copies of related documents, repayment histories, status
reports and other information as Agent may reasonably request, and (b) a listing of each Obligor’s trade payables, specifying the trade creditor and balance due, and, at Agent’s reasonable request, a detailed trade payable aging, all
in form reasonably satisfactory to Agent. If Accounts in an aggregate face amount of $10,000,000 or more that were Eligible Accounts in the immediately preceding month cease to be Eligible Accounts, Borrowers shall notify Agent of such occurrence
promptly (and in any event within one Business Day) after any Borrower has knowledge thereof. Agent shall provide such of the foregoing information as it deems material to Lenders promptly upon receipt thereof from Borrowers. 

7.2.2 Account Verification. Whether or not a Default or Event of Default exists, Agent shall have the right at any time,
in the name of Agent, any designee of Agent or any Borrower to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone or otherwise. Borrowers shall cooperate fully with Agent in an effort to
facilitate and promptly conclude any such verification process. 

  
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 7.2.3 Maintenance of Dominion Account. Obligors (other than Obligors which
do not have any Accounts) shall maintain Dominion Accounts pursuant to lockbox or other arrangements reasonably acceptable to Agent. Obligors shall obtain an agreement (in form and substance reasonably satisfactory to Agent) from each lockbox
servicer and Dominion Account bank, establishing Agent’s control over and Lien in the lockbox or Dominion Account, requiring immediate deposit of all remittances received in the lockbox to a Dominion Account and, if such Dominion Account is not
maintained with Bank of America (or any Person succeeding it as Agent hereunder), requiring immediate transfer of all funds in the Dominion Account upon notification by Agent (which notification shall not be given until the occurrence and during the
continuance of a Cash Dominion Trigger Event and will be revoked if a Cash Dominion Trigger Event ceases to exist for 30 consecutive days) to a Dominion Account maintained with Bank of America (or any Person succeeding it as Agent hereunder), and
waiving offset rights of such servicer or bank against any funds in the lockbox or Dominion Account, except offset rights for customary administrative charges. Neither Agent nor Lenders assume any responsibility to Obligors for any lockbox
arrangement or Dominion Account, including any claim of accord and satisfaction or release with respect to any Payment Items accepted by any bank. 

7.2.4 Proceeds of Collateral. Obligors shall request in writing and otherwise take all reasonable steps to direct that
all payments on Accounts or otherwise relating to Collateral (except as provided in Section 7.5.2(b)) are made directly to a Dominion Account (or a lockbox relating to a Dominion Account). If any Obligor receives cash or Payment Items
with respect to any Collateral (except as provided in Section 7.5.2(b)), it shall hold same in trust for Agent and promptly (not later than the next Business Day if a Cash Dominion Trigger Event then exists, or not later than the second
Business Day after receipt if no Cash Dominion Trigger Event then exists) deposit same into a Dominion Account. Except as provided in and subject to Section 5.6 (relating to the application of such amounts after the occurrence and during
the continuance of a Cash Dominion Trigger Event and until such time as a Cash Dominion Trigger Event has not existed for 30 consecutive days), all amounts in the Dominion Accounts shall be transferred to such Deposit Account(s) as Borrower Agent or
the applicable Obligor may request and designate from time to time. 
 7.2.5 Bank Products. In order to facilitate the
administration of the Loans, Obligors will maintain Bank of America (or any Person succeeding it as Agent hereunder) or one or more other Lenders as their principal depository bank or banks, including for the maintenance of operating,
administrative, cash management, collection activity and other deposit accounts for the conduct of Obligors’ business. 
 7.3
Administration of Inventory. 
 7.3.1 Records and Reports of Inventory. Each Obligor shall keep accurate and
complete records of its Inventory, including costs and daily withdrawals and additions, and shall submit to Agent inventory reports in form reasonably satisfactory to Agent, on such periodic basis as Agent may reasonably request but in no event more
frequently than once per week if no Default or Event of Default exists. Each Borrower shall conduct a physical inventory at least once per calendar year (and on a more frequent basis if requested by Agent when an Event of Default exists) and
periodic cycle counts consistent with historical practices, and, at Agent’s request, shall provide to Agent a report based on the latest such physical inventory. Agent may participate in and observe, at its reasonable request, any physical
inventory count. Agent shall provide such of the foregoing information as it deems material to Lenders promptly upon receipt thereof from Borrowers. 

  
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 7.3.2 Returns of Inventory. No Borrower shall return any Eligible
Inventory, Eligible In-Transit Inventory or Eligible LC Backed Future Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (a) such return is either in the Ordinary Course of Business or consistent with
prudent business practices as may be consented to by Agent in its Permitted Discretion; (b) no Default, Event of Default or Overadvance exists or would result therefrom; and (c) Agent is promptly notified if the aggregate Value of all such
Inventory returned in any month exceeds $25,000,000. 
 7.4 Administration of Deposit Accounts. Schedule 7.4 sets forth
all Deposit Accounts maintained by Obligors as of the Closing Date, including all Dominion Accounts. Except as may be otherwise agreed by Agent, each Obligor shall take all actions necessary to establish Agent’s control (for the benefit of
Secured Parties and under the terms and condition set forth herein) of each such Deposit Account, other than (a) the “PP&E Proceeds Account” (as such term is defined in the Security Agreement), (b) one or more accounts
exclusively used for payroll, payroll taxes or employee benefits, and (c) other accounts containing not more than $5,000,000 in aggregate amount at any time (collectively, the “Excluded Deposit Accounts”). Each Obligor shall be
the sole account holder of each Deposit Account and shall not allow any other Person (other than Agent for the benefit of Secured Parties and under the terms and condition set forth herein) to have control over a Deposit Account or any Property
deposited therein. Each Obligor shall promptly notify Agent of any opening or closing of a Deposit Account (other than an Excluded Account) and, upon Agent’s written request, will amend Schedule 7.4 to reflect same. 

7.5 General Provisions. 

7.5.1 Location of Collateral. All tangible items of Collateral, other than Inventory in transit or on consignment, shall
at all times be kept by Obligors at the business locations set forth in Schedule 7.5.1, except that Obligors may (a) make sales or other Dispositions of Collateral in accordance with Section 9.2.5, and (b) keep
Collateral at one or more other locations in the United States not set forth in Schedule 7.5.1 which are specified by Borrower Agent upon ten days prior written notice to Agent or, in the case of Inventory having a Value not to exceed
$10,000,000 in aggregate amount, other locations in the United States specified by Borrowers in the Borrowing Base Certificate delivered to Agent on the 12th Business Day after the end of the month during which such Inventory initially became kept
at such other location. All Inventory included in the Borrowing Base, other than Inventory in transit or on consignment, kept at a location which is not owned by an Obligor or which is within the possession or control of any Person other than an
Obligor shall be either subject to a Lien Waiver executed by the owner or other Person in possession or control of the location in question or, in lieu thereof, subject to a Rent and Costs Reserve established by Agent in its Permitted Discretion.

 7.5.2 Insurance of Collateral; Condemnation Proceeds. 

(a) If any Obligor fails to provide and pay for any insurance required by this Agreement, Agent may, at its option, but shall
not be required to, procure the insurance and charge Obligors therefor. Each Obligor agrees to deliver to Agent, promptly as rendered, written notice (including copies of all related information) of all claims in excess of $15,000,000 made to its
insurance providers. While no Event of Default exists, Obligors may settle, adjust or compromise any insurance claim, as long as the proceeds of Collateral are delivered to Agent. If an Event of Default exists, only Agent shall be authorized to
settle, adjust and compromise such claims. 
 (b) Any proceeds of insurance for Collateral (other than proceeds from general
liability, workers’ compensation or D&O insurance) and any awards arising from 

  
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condemnation of any Collateral shall be paid to Agent, provided that so long as no Event of Default has occurred and is then continuing and no Cash Dominion Trigger Event then exists, such
proceeds in an aggregate amount not to exceed $15,000,000 may be used by Obligors in the Ordinary Course of Business, including the replacement of Collateral. Any such proceeds or awards shall be deposited into the Springing Dominion Account of the
applicable Obligors. Proceeds from any business interruption insurance may be used by Obligors in the Ordinary Course of Business. 

7.5.3 Protection of Collateral. All expenses of protecting, storing, warehousing, insuring, handling, maintaining and
shipping any Collateral, all Taxes payable with respect to any Collateral (including any sale thereof), and all other payments required to be made by Agent to any Person to realize upon any Collateral, shall be borne and paid by Obligors. Agent
shall not be liable or responsible in any way for the safekeeping of any Collateral or any other Property of Obligors, for any loss or damage thereto (except for reasonable care in its custody while Collateral is in Agent’s actual possession),
for any diminution in the value thereof, or for any act or default of any warehouseman, carrier, forwarding agency or other Person whatsoever, but the same shall be at Obligors’ sole risk. 

7.5.4 Defense of Title to Collateral. Each Obligor shall at all times defend its title to Collateral and Agent’s
Liens therein against all Persons, claims and demands whatsoever, except Permitted Liens. 
 7.6 Power of Attorney. Each Obligor
hereby irrevocably constitutes and appoints Agent (and all Persons designated by Agent in writing to Borrower Agent) as such Obligor’s true and lawful attorney (and agent-in-fact) for the purposes provided in this Section. Agent, or
Agent’s designee, may, without notice and in either its or a Obligor’s name, but at the cost and expense of Obligors: 

(a) Endorse an Obligor’s name on any Payment Item or other proceeds of Collateral (including proceeds of insurance) that
come into Agent’s possession or control and (unless an Event of Default has occurred and is continuing, in which case Agent may apply such proceeds as otherwise permitted by this Agreement) deposit such proceeds into a Springing Dominion
Account (if no Cash Dominion Trigger Event then exists) or into a Dominion Account (if a Cash Dominion Trigger Event then exists); and 

(b) During the continuance of an Event of Default, (i) notify any Account Debtors of the assignment of their Accounts,
demand and enforce payment of Accounts, by legal proceedings or otherwise, and generally exercise any rights and remedies with respect to Accounts; (ii) settle, adjust, modify, compromise, discharge or release any Accounts or other Collateral,
or any legal proceedings brought to collect Accounts or Collateral; (iii) sell or assign any Accounts and other Collateral upon such terms, for such amounts and at such times as Agent deems advisable and in accordance with Applicable Law;
(iv) collect, liquidate and receive balances in Deposit Accounts or investment accounts, and take control, in any manner, of any proceeds of Collateral; (v) prepare, file and sign an Obligor’s name to a proof of claim or other
document in a bankruptcy of an Account Debtor, or to any notice, assignment or satisfaction of Lien or similar document; (vi) receive, open and dispose of mail addressed to an Obligor and received through any lockbox; (vii) endorse any
Chattel Paper, Document, Instrument, invoice, freight bill, bill of lading or similar document or agreement relating to any Accounts, Inventory or other Collateral; (viii) sign an Obligor’s name to verifications of Accounts and notices to
Account Debtors; (ix) use the information recorded on or contained in any data processing electronic or information systems relating to any Collateral; (x) make and adjust claims under policies of insurance; (xi) take any action as
may be necessary or 

  
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appropriate to obtain payment under any letter of credit, banker’s acceptance or other instrument for which an Obligor is a beneficiary; and (xii) take all other actions as Agent deems
appropriate to fulfill any Obligor’s obligations under the Credit Documents. 
  

	SECTION 8.	REPRESENTATIONS AND WARRANTIES 

 8.1 General Representations and Warranties. To
induce Agent and Lenders to enter into this Agreement and to make available the Commitments, Loans and Letters of Credit, each Obligor represents and warrants to Agent and Lenders that: 

8.1.1 Existence, Qualification and Power; Compliance with Applicable Laws. Each Obligor and its Restricted Subsidiaries
(a) is duly organized or formed, validly existing and in good standing (to the extent the concept of good standing exists in such jurisdiction) under the Applicable Laws of the jurisdiction of its incorporation or formation, and (b) has
all requisite corporate (or other equivalent entity) power and authority to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations, if any, under the Credit Documents to which it is a
party, and (c) is duly qualified and is licensed and in good standing under the Applicable Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license;
except in each case referred to in clause (b)(i) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 

8.1.2 Authorization; No Contravention. The execution, delivery and performance by each Obligor of each Credit Document
to which such Person is party and the performance of its obligations thereunder (including, without limitation, the Borrowing of Loans, the request for issuance of Letters of Credit and the grant of Liens on the Collateral as security for the
Obligations) have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) violate the terms of any of such Person’s Organization Documents; (b) violate or result in any default or an
event of default under or any breach or contravention of, or result in or require the creation of any Lien (other than the Liens created by this Agreement or the other Credit Documents) under, or require any payment to be made under (i) any
Contractual Obligation (including, without limitation, the Senior Notes Agreements) to which such Obligor is a party or affecting such Obligor or the Property of such Obligor or any of its Subsidiaries or (ii) any order, injunction, writ or
decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (c) violate any Applicable Law. 

8.1.3 Governmental Authorization and Approvals; Other Consents. Each Obligor and its Restricted Subsidiaries has
complied with, and is in compliance with, all Governmental Approvals necessary to conduct its business and to own, lease and operate its Properties, except to the extent that the failure to so comply could not reasonably be expected to have a
Material Adverse Effect. All material import, export or other Licenses, permits or certificates necessary for the import or handling of any goods or other Collateral have been procured and are in effect. No approval, consent, exemption,
authorization or other action by, or notice to or filing with, any Governmental Authority or any other Person is necessary or required to be made or obtained by any Obligor in connection with the execution, delivery or performance by, or enforcement
against, any Obligor of this Agreement or any other Credit Document, except for (a) consents, authorizations, notices and filings, all of which have been obtained or made, (b) third party consents with respect to immaterial contracts,
(c) consents of certain of the third parties in possession of Inventory of Obligors permitting Agent access to premises owned by such third parties where such Inventory is located for the purpose of removing Collateral and/or subordinating any
statutory or contractual lien such third parties may have with respect to Inventory in their possession (it being understood that Agent may either (i) institute a reserve 

  
 SECOND AMENDED AND RESTATED CREDIT
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with respect to such affected Inventory or, in the alternative, (ii) deem such affected Inventory ineligible for inclusion in the Borrowing Base, (d) those approvals, consents,
exceptions, authorizations, actions, notices or filings not relating to any Agent’s Lien on any Collateral, the failure of which to make or obtain could not reasonably be expected to have a Material Adverse Effect, and (e) filings to
perfect the Liens created by the Collateral Documents. 
 8.1.4 Binding Effect. This Agreement has been, and each
other Credit Document, when delivered hereunder, will have been, duly executed and delivered by each Obligor that is party thereto. This Agreement constitutes, and each other Credit Document when so delivered will constitute, a legal, valid and
binding obligation of such Obligor, enforceable against each Obligor that is party thereto in accordance with its terms except as enforceability may be limited by applicable Insolvency Proceeding and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law). 
 8.1.5 Financial Statements; No Material Adverse Effect.

 (a) The Audited Financial Statements and all other audited financial statements to be delivered pursuant to
Section 9.1.1(a), (i) were, or will be when delivered, prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial
condition of Consolidated Parties as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein;
and (iii) show all material indebtedness and other direct or known contingent material liabilities of Consolidated Parties as of the date thereof, including material liabilities for Taxes, material commitments and Indebtedness. 

(b) The unaudited consolidated balance sheet of Consolidated Parties dated March 31, 2014, and the related unaudited
consolidated statements of income or operations, partners’ capital and cash flows for the three month period ended on that date, and all other financial statements to be delivered pursuant to Section 9.1.1(b) or
Section 9.1.1(c) (i) were, or will be when delivered, prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present the
financial condition of Consolidated Parties as of the date thereof and their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end
audit adjustments. 
 (c) During the period from December 31, 2013, to and including the Closing Date, there has been no
sale, transfer or other disposition by any Consolidated Party of any material part of the business or Property of Consolidated Parties, taken as a whole, and no purchase or other acquisition by any of them of any business or property (including any
Equity Interests of any other Person) material in relation to the consolidated financial condition of Consolidated Parties, taken as a whole, in each case, other than as reflected in the foregoing financial statements or in the notes thereto or
otherwise disclosed in writing to Lenders on or prior to the Closing Date. 
 (d) Since the date of the Audited Financial
Statements, there has been no event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect. 

  
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 8.1.6 Litigation. There are no actions, suits, proceedings, claims or
disputes pending or, to the knowledge of Obligors after due and diligent investigation, threatened in writing or contemplated in writing, at law, in equity, in arbitration or before any Governmental Authority, in each case, in writing and by or
against any Obligor or its Restricted Subsidiaries or against any of its properties or revenues that (a) purport to affect or pertain to this Agreement or any other Credit Document, or any of the transactions contemplated hereby, or
(b) either individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. 
 8.1.7
No Default. No Default or Event of Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Credit Document. 

8.1.8 Ownership of Property; Liens. Each Obligor or Restricted Subsidiaries has good record and marketable (or, as to
real property in Texas, indefeasible) title in fee simple to, or valid leasehold interests in, all real Property necessary or used in the ordinary conduct of its business, and good title to all of its personal Property, except for such defects in
title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. All Liens of Agent in the Collateral are duly perfected, first priority Liens, in accordance with the Collateral Documents and subject
only to Permitted Liens. 
 8.1.9 Environmental Compliance. Except in each case as where the existence and/or
occurrence of any of the following could not reasonably be expected to have a Material Adverse Effect: 
 (a) All of the Real
Estate and all operations at the Real Estate are in compliance with all applicable Environmental Laws, there is no violation of any Environmental Law with respect to the Real Estate or the operations conducted thereon, and there are no conditions
relating to the Real Estate or the operations conducted thereon that could give rise to liability under any applicable Environmental Laws. 

(b) None of the Real Estate contains any Hazardous Materials at, on or under the Real Estate in amounts or concentrations that
constitute a violation of, or could give rise to liability under, Environmental Laws. 
 (c) No Obligor or Restricted
Subsidiary has received any written notice of, or inquiry from any Governmental Authority that remains unresolved or is currently outstanding with regard to, any violation, alleged violation, non-compliance, liability or potential liability
regarding environmental matters or compliance with Environmental Laws with regard to any of the Real Estate or the operations conducted thereon, nor does any Senior Officer of any Obligor or Restricted Subsidiary or the general partner of any
Obligor or Restricted Subsidiary have knowledge or reason to believe that any such notice will be received or is being threatened. 

(d) Hazardous Materials have not been transported or disposed of from the Real Estate, or generated, treated, stored or
disposed of at, on or under any of the Real Estate or any other location, in each case by or on behalf of any Obligor or Restricted Subsidiary in violation of, or in a manner that could give rise to liability under, any applicable Environmental Law.

 (e) No judicial proceeding or governmental or administrative action is pending or, to the knowledge of the Senior Officers
of Obligors and their Restricted Subsidiaries or the general partner of any Obligor or Restricted Subsidiary, threatened, 

  
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under any Environmental Law to which any Obligor or Restricted Subsidiary is or will be named as a party, nor are there any consent decrees or other decrees, consent orders, administrative orders
or other orders, or other administrative or judicial requirements outstanding under any Environmental Law with respect to any Obligor or Restricted Subsidiaries, the Real Estate or the operations conducted thereon. 

(f) There has been no Environmental Release, or threat of Environmental Release, of Hazardous Materials at or from the Real
Estate, or arising from or related to the operations (including disposal) of any Obligor or Restricted Subsidiary in connection with the Real Estate or otherwise in connection with the operations conducted thereon, in violation of or in amounts or
in a manner that could give rise to liability under Environmental Laws. 
 8.1.10 Insurance. The properties of
Obligors and their Restricted Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of an Obligor or Restricted Subsidiary, in such amounts, with such deductibles and covering such risks as are, in the
reasonable business judgment of the management of MLP Parent, adequate for Obligors and their Restricted Subsidiaries. 

8.1.11 Taxes. Obligors and their Restricted Subsidiaries have filed all federal and state income and other material Tax
returns and reports required to be filed, and have paid all federal and state income and other material Taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and
payable, except those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP. There is no proposed tax assessment against any Obligor or
Restricted Subsidiary that would, if made, have a Material Adverse Effect. Except as described on Schedule 8.1.11, neither any Obligor nor any Restricted Subsidiary thereof is party with any Person, other than Obligors and their Restricted
Subsidiaries, to any Tax sharing agreement; provided that the allocation of taxes in connection with a business acquisition agreement or in the MLP Partnership Agreement (or in any partnership agreement or limited liability company agreement
or equivalent) of any Obligor or any Restricted Subsidiary thereof does not constitute a tax sharing agreement. 
 8.1.12
ERISA Compliance. 
 (a) Each Plan is in compliance in all material respects with the applicable provisions of ERISA,
the Code and other federal or state Applicable Laws. Each Plan that is intended to qualify under Section 401(a) of the Code has received favorable determination letters from the IRS covering the periods during which the Plan has been
established, or alternatively, can rely on an opinion letter from the IRS with respect to the corresponding adoption agreement and basic Plan documents for all periods during which a determination letter does not apply to the Plan, and if no
determination letter or opinion letter can be currently relied upon by the Plan, then the applicable Plan sponsor (i) has an application for such a determination letter that is currently being processed by the IRS with respect to such Plan or
(ii) is within a remedial amendment period for submitting such a determination letter application that has not closed with respect thereto, and, to the best knowledge of Obligors, nothing has occurred which would reasonably be expected to
prevent, or cause the loss of, such qualification. Each Obligor and each ERISA Affiliate has made all required contributions to each Plan subject to Section 412 of the Code, except where the failure to make such contribution could not
reasonably be expected to have a Material Adverse Effect, and no application for a waiver of the minimum funding standards or an extension of any amortization period pursuant to 

  
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Section 412 of the Code has been made with respect to any Plan, except where the failure to make such contribution could not reasonably be expected to have a Material Adverse Effect. 

(b) There are no pending or, to the best knowledge of Obligors, threatened claims, actions or lawsuits, or action by any
Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has
resulted or could reasonably be expected to result in a Material Adverse Effect. 
 (c) Except as could not reasonably be
expected to have a Material Adverse Effect, (i) no ERISA Event has occurred or is reasonably expected to occur; (ii) the aggregate actuarial present value of all accumulated plan benefits of all Pension Plans (determined utilizing the
assumptions used for purposes of Statement of Financial Accounting Standards No. 35 or any successor accounting standard) did not, as of the date of MLP Parent’s most recent financial statement reflecting any such amount, exceed the
aggregate fair market value of the assets of all such Pension Plans except as disclosed in such financial statement; (iii) no Obligor or any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA
with respect to any Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA); (iv) no Obligor or any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and, to the knowledge of
Obligors, no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Section 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) no Obligor or ERISA
Affiliate has engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA. 
 (d) No Obligor is
an entity deemed to hold “plan assets” within the meaning of 29 C.F.R. §2510.3-101 of any Plan or any “plan” (within the meaning of Section 4975 of the Code), and neither the execution of this Agreement nor the funding
of any Loans gives rise to a prohibited transaction within the meaning of Section 406 of ERISA or Section 4975 of the Code. 

(e) With respect to any Foreign Plan insofar as it relates to the obligations of an Obligor or a Subsidiary, except as could
not reasonably be expected to have a Material Adverse Effect, (i) all employer and employee contributions required by law or by the terms of the Foreign Plan have been made, or, if applicable, accrued, in accordance with normal accounting
practices applicable to that plan; (ii) in the case of any Foreign Plan described in clause (a) of the definition thereof the benefits of which are paid from a trust or book reserve established, or insurance contract purchased, by an
Obligor or Subsidiary, the fair market value of the assets of such Foreign Plan, or the liability of the issuer of such insurance contract, as applicable, together with any applicable accrued contributions, is sufficient to procure or provide for
the accrued benefit obligations with respect to all current and former participants in such Foreign Plan according to the actuarial assumptions and valuations most recently used to account for such obligations in accordance with applicable generally
accepted accounting principles; and (iii) it has been registered as required and has been maintained in good standing with applicable regulatory authorities. 

8.1.13 Capital Structure/Subsidiaries. The corporate capital and ownership structure of Consolidated Parties as of the
Closing Date is as described in Schedule 8.1.13(a). Set forth on 

  
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Schedule 8.1.13(b) is a complete and accurate list as of the Closing Date with respect to MLP Parent and each of its direct and indirect Subsidiaries of (a) its jurisdiction of
formation or organization, (b) the percentage of the outstanding Equity Interests of each class issued by such Person and owned (directly or indirectly) by each Consolidated Party, and (c) whether it is an Immaterial Subsidiary, an
Unrestricted Subsidiary, an MLP Subsidiary and/or an Exclusive Entity. The outstanding Equity Interests of all such Persons are validly issued, fully paid and non-assessable and are owned by Consolidated Parties, directly or indirectly, in the
manner set forth on Schedule 8.1.13(b), free and clear of all Liens (other than Permitted Liens and other Liens arising under or contemplated in connection with the Credit Documents). Each Borrower (other than MLP Parent) and Guarantor is a
Subsidiary of MLP Parent. As of the Closing Date, each Obligor is a Borrower (and no Obligor is a Guarantor). 
 8.1.14
Margin Regulations; Investment Company Act. 
 (a) None of Consolidated Parties is engaged and will not engage,
principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the Board of Governors), or extending credit for the purpose of purchasing or carrying margin
stock. No Loan proceeds will be used by any Consolidated Party to purchase or carry, or to reduce or refinance any Indebtedness incurred to purchase or carry, any margin stock or for any related purpose governed by Regulations T, U or X of the
Board of Governors. 
 (b) None of any Obligor, any Person Controlling any Obligor or any Subsidiary of any Obligor is
registered, or is required to be registered, as an “investment company” under the Investment Company Act of 1940, as amended. 

8.1.15 Disclosure. Neither this Agreement nor any report, financial statement, certificate or other information
furnished in writing by or on behalf of any Obligor or Restricted Subsidiary to Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Credit
Document (in each case, as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under
which they were made, not misleading when taken as a whole with other previously provided information in any material respect; provided that, with respect to projected and forecast financial information and information of a general economic
nature or industry specific information, Obligors represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time. 

8.1.16 Compliance with Laws. Each Obligor and Restricted Subsidiary is in compliance in all material respects with the
requirements of all Applicable Laws and all orders, writs, injunctions and decrees applicable to it or to its Properties, except in such instances in which (a) such requirement of Applicable Law or order, writ, injunction or decree is being
contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

8.1.17 Intellectual Property. Each Obligor and Restricted Subsidiary owns, or has the legal right to use, all
Intellectual Property necessary for each of them to conduct its business as currently conducted. As of the Closing Date, set forth on Schedule 8.1.17 is a list of all Intellectual Property registered or pending registration with the
United States Copyright Office or the United States Patent and Trademark Office and owned by each Obligor or that any Obligor has the right to use, in each case which is material to the business of an Obligor. No claim has

  
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been asserted in writing to or is otherwise known by any Obligor and is pending by any Person challenging or questioning the use of the Intellectual Property owned by any Obligor or the validity
or effectiveness of the Intellectual Property owned by any Obligor, nor does any Obligor know of any such claim, and, to the knowledge of any Obligor, the use of the Intellectual Property by any Obligor or the granting of a right or a License by any
Obligor in respect of the Intellectual Property owned by any Obligor does not infringe on the rights of any Person, in each case, except to the extent the foregoing could not reasonably be expected to have a Material Adverse Effect. 

8.1.18 Solvency. Each Borrower individually is, and all Obligors on a consolidated basis are, Solvent. 

8.1.19 Business Locations, Etc. Set forth on Schedule 8.1.19(a) is a list of all Real Properties located in
the United States that are leased by Obligors as of the Closing Date. Set forth on Schedule 8.1.19(b) is a list of all locations where any tangible personal Property of an Obligor (other than Inventory in transit and rolling stock) with
an aggregate value per location in excess of $10,000,000 is located as of the Closing Date. Set forth on Schedule 8.1.19(c) is the chief executive office, jurisdiction of formation or organization and principal place of business of each
Obligor as of the Closing Date. During the five years preceding the Closing Date, except as shown on Schedule 8.1.19(d), no Obligor has had any legal name other than its existing name as specified on the applicable signature page to this
Agreement, has been the surviving corporation of a merger or combination, or has acquired any substantial part of the assets of any Person. 

8.1.20 Collateral Documents. The provisions of the Collateral Documents are effective to create in favor of Agent, for
the benefit of Lenders and any other secured parties identified therein, legal, valid and enforceable first priority security interests in all right, title and interest of Obligors in the Collateral described therein (in each case subject to
Permitted Liens which by operation of law or contract would have priority over the Liens securing the Obligations). Except for filings completed prior to the Closing Date and as contemplated by this Agreement and the Collateral Documents, no filing
or other action will be necessary to create or perfect such security interest. 
 8.1.21 Accounts. Agent may rely, in
determining which Accounts are Eligible Accounts, on all statements and representations made by Borrowers with respect thereto. With respect to each Account at the time it is shown as an Eligible Account in a Borrowing Base Certificate: 

(a) it is genuine and in all respects what it purports to be, and is not evidenced by a judgment; 

(b) it arises out of a completed, bona fide sale and delivery of goods or rendition of services in the Ordinary Course
of Business, and substantially in accordance with any purchase order, contract or other document relating thereto; 
 (c) it
is for a sum certain, maturing as stated in the invoice covering such sale or rendition of services, a copy of which has been furnished or is available to Agent on request; 

(d) it is not subject to any offset, Lien (other than Agent’s Lien), deduction, defense, dispute, counterclaim or other
adverse condition except as arising in the Ordinary Course of Business and disclosed to Agent; and it is absolutely owing by the Account Debtor, without contingency in any respect; 

  
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 (e) no purchase order, agreement, document or Applicable Law restricts assignment
of the Account to Agent (regardless of whether, under the UCC, the restriction is ineffective), other than Accounts owing by a Government Authority which have been assigned in accordance the Assignment of Claims Act or which otherwise satisfy the
criteria in clause (h) of the definition of Eligible Account; 
 (f) no extension, compromise, settlement,
modification, credit, deduction or return has been authorized with respect to the Account, except discounts or allowances granted in the Ordinary Course of Business that are reflected on the face of the invoice related thereto or in the reports
submitted to Agent hereunder; and 
 (g) to the knowledge of Borrowers, (i) there are no facts or circumstances that are
reasonably likely to impair the enforceability or collectability of such Account; and (ii) the Account Debtor had the capacity to contract when the Account arose, continues to meet the applicable Borrower’s customary credit standards, is
Solvent, is not contemplating or subject to an Insolvency Proceeding, and has not failed, or suspended or ceased doing business. 

8.1.22 No Conflict with MLP Partnership Agreement. The execution, delivery and performance of this Agreement will not,
upon the execution and delivery thereof, constitute a violation of, or otherwise contravene, the MLP Partnership Agreement as in effect on the Closing Date. 

8.1.23 Borrowing Base Assets. 

(a) All Accounts which are included in each Borrowing Base Certificate delivered by Borrower Agent from time to time are, at
the time of such delivery, not excluded as ineligible for inclusion in the Borrowing Base by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definitions of the relevant defined terms.

 (b) All Inventory which is included in each Borrowing Base Certificate delivered by Borrower Agent from time to time is,
at the time of such delivery, (i) of good and marketable quality and free from known defects and (ii) not excluded as ineligible for inclusion in the Borrowing Base by virtue of one or more of the excluding criteria (other than any
Agent-discretionary criteria) set forth in the definitions of the relevant defined terms. All Eligible In-Transit Inventory which is included in each Borrowing Base Certificate delivered by Borrower Agent constitutes Eligible Inventory at the time
of such delivery except as otherwise stated in the definition of the term “Eligible In-Transit Inventory”. All Eligible LC Backed Future Inventory which is included in each Borrowing Base Certificate delivered by Borrower Agent at
any time will be, promptly upon such Inventory becoming owned by a Borrower, Eligible Inventory. 
 (c) All other Property
(other than Accounts and Inventory referred to in clauses (a) and (b) of this Section above) which is included in each Borrowing Base Certificate delivered by Borrower Agent from time to time is, at the time of such delivery,
not excluded as ineligible for inclusion in the Borrowing Base by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definitions of the relevant defined terms. 

  
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 8.1.24 Anti-Corruption Laws and Sanctions. 

(a) No Obligor or Restricted Subsidiary or, to the knowledge of any Obligor or Restricted Subsidiary, any director, officer,
employee, agent, affiliate or representative thereof, is an individual or entity currently the subject of any Sanctions. No Obligor or Restricted Subsidiary is located, organized or resident in a Designated Jurisdiction. 

(b) Each Obligor or Restricted Subsidiary is, and, to the knowledge of any Obligor or Restricted Subsidiary, each director,
officer, employee, agent, affiliate or representative thereof is, (i) in compliance with Anti-Corruption Laws and (ii) is not knowingly engaged in any activity that could reasonably be expected to result in any violation of Anti-Corruption
Laws, in each case, except where the failure to be in compliance or such violation could not reasonably be expected to have a Material Adverse Effect. 

8.2 Complete Disclosure. As of the Closing Date, since the date of the Audited Financial Statements, there has been no event or
circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect. 
  

	SECTION 9.	COVENANTS AND CONTINUING AGREEMENTS 

 9.1 Affirmative Covenants. For so long as
any Commitments or Obligations are outstanding (and continuing until Full Payment of all Obligations), each Obligor shall, and shall cause each of its Restricted Subsidiaries to: 

9.1.1 Financial Statements. Deliver to Agent, in form and detail reasonably satisfactory to Agent as to clause
(c) below only: 
 (a) as soon as available, but in any event within 90 days after the end of each Fiscal Year of
Consolidated Parties (or such later date after giving effect to any grace period specified under Rule 12b-25 under the Securities Exchange Act of 1934, as amended, but not to exceed 105 days after such Fiscal Year end) (commencing with the Fiscal
Year ending December 31, 2014), a consolidated balance sheet of Consolidated Parties as at the end of such Fiscal Year, and the related consolidated statements of income or operations, partners’ capital and cash flows for such Fiscal Year,
setting forth in each case in comparative form the figures for the previous Fiscal Year, prepared in accordance with GAAP, such statements to be audited and accompanied by a report and opinion of Ernst & Young LLP or other independent
registered public accounting firm of nationally recognized standing, which report and opinion shall be prepared in accordance with the standards of the Public Company Accounting Oversight Board (United States) and shall not be subject to any
“going concern” or like qualification or exception or any qualification or exception as to the scope of such audit; and 

(b) as soon as available, but in any event within 45 days after the end of each of the first three Fiscal Quarters of each
Fiscal Year of Consolidated Parties (or such later date after giving effect to any grace period specified under Rule 12b-25 under the Securities Exchange Act of 1934, as amended, but not to exceed 50 days after such Fiscal Quarter end) (commencing
with the Fiscal Quarter ending June 30, 2014), a consolidated balance sheet of Consolidated Parties as at the end of such Fiscal Quarter, and the related consolidated statements of income or operations, partners’ capital and cash flows for
such Fiscal Quarter and for the portion of the Fiscal Year then ended, setting forth in each case in comparative form the figures for the corresponding Fiscal Quarter of the previous Fiscal Year and the corresponding portion of the previous

  
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Fiscal Year, such statements to be certified on behalf of Obligors and their Restricted Subsidiaries by a Senior Officer of Borrower Agent or its general partner as fairly presenting the
financial condition, results of operations, partners’ capital and cash flows of Consolidated Parties for such Fiscal Quarter and portion of such Fiscal Year in accordance with GAAP, subject only to normal year-end audit adjustments and the
absence of footnotes; and 
 (c) if from time to time a Reporting Trigger Event has occurred, and only until such time
thereafter as a Reporting Trigger Event has not existed for 30 consecutive days, then as soon as available, but in any event within 30 days after the end of each month (but within 60 days of the last month in each Fiscal Year of Consolidated
Parties), a consolidated balance sheet of Consolidated Parties as at the end of such month and the related consolidated statements of income or operations, partners’ capital and cash flows for such month and for the portion of Consolidated
Parties’ Fiscal Year then ended, setting forth in each case in comparative form the figures for the corresponding month of the previous Fiscal Year and the corresponding portion of the previous Fiscal Year, all in reasonable detail, such
statements to be certified by the principal financial officer of Borrower Agent as fairly presenting the financial condition, results of operations, partners’ capital and cash flows of Consolidated Parties for such month and portion of such
Fiscal Year in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; 
 (d)
Information delivered pursuant to Section 9.1.2(f) that contains the information required under clause (a), (b) or (c) above shall be deemed to satisfy the applicable delivery required under such clause
(a), (b) or (c) as applicable, but the foregoing shall not be in derogation of the obligation of Obligors to furnish the information and materials described in clauses (a), (b) and (c) above
at the times specified therein. Agent shall provide the foregoing information received from Obligors to Lenders promptly upon receipt thereof; and 

(e) If any Subsidiary has been designated as an Unrestricted Subsidiary in accordance with Section 9.4, then all
financial statements and related financial information required by this Section 9.1.1 shall include a reasonably detailed presentation, either on the face of such financial statements or information or in the footnotes thereto and in
management’s discussion and analysis of financial condition and results of operations which accompanies any reports filed or required to be filed with the SEC, of the financial condition and results of operations of MLP Parent and its
Restricted Subsidiaries separate from the financial condition and results of operations of Unrestricted Subsidiaries. 

9.1.2 Certificates; Other Information. Deliver to Agent, in form and detail reasonably satisfactory to Agent: 

(a) concurrently with the delivery of the financial statements referred to in subsections (a), (b) and (c) of
Section 9.1.1 (commencing with the delivery of the financial statements for the Fiscal Quarter ending June 30, 2014), a duly completed Compliance Certificate signed on behalf of Obligors and their Restricted Subsidiaries by a Senior
Officer of Borrower Agent or its general partner; 
 (b) within 31 days (or earlier, if MLP Parent shall so elect in its
discretion) after the end of each Fiscal Year of MLP Parent, beginning with the Fiscal Year ending December 31, 2014, an annual business plan and budget of Obligors and their Restricted 

  
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Subsidiaries (but including Unrestricted Subsidiaries in such plan and budget without separate line items therefor if the aggregate revenues, during the period of four Fiscal Quarters then most
recently ended, and the aggregate Consolidated Net Tangible Assets, as of the last day of such period, of such Unrestricted Subsidiaries, taken as a whole, do not exceed 10% of the aggregate revenues, during such period, and do not exceed 10% of the
aggregate Consolidated Net Tangible Assets, as of the last day of such period, respectively, of Consolidated Parties, taken as a whole) containing, among other things, projections of Obligors’ and their Restricted Subsidiaries’
consolidated balance sheets, results of operations, cash flow and Availability for the next Fiscal Year, month by month; 

(c) promptly after any request by Agent or any Lender, copies of any detailed audit reports, management letters or
recommendations submitted to the Board of Directors (or the audit committee of the Board of Directors) of any Obligor or Restricted Subsidiary, in each case, by independent accountants in connection with the accounts or books of any Obligor or
Restricted Subsidiary, or any audit of any of them; 
 (d) promptly after the furnishing thereof, copies of any financial
information, proxy materials, statement, report or other information furnished to any holder of debt securities of any Obligor or any Restricted Subsidiary thereof pursuant to the terms of any indenture (including, without limitation, the Senior
Notes Indentures), loan or credit or similar agreement and not otherwise required to be furnished to Lenders pursuant to Section 9.1.1 or any other clause of this Section 9.1.2; 

(e) promptly, and in any event within five Business Days after receipt thereof by any Obligor or any Restricted Subsidiary
thereof, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or threatened (in writing) investigation or other similar inquiry involving a
material matter potentially adverse to an Obligor or Restricted Subsidiary by such agency regarding financial or accounting results of any Obligor or any Restricted Subsidiary thereof; and 

(f) promptly after the same are available, copies of each annual report, definitive proxy or financial statement, report on
Form 10-K, 10-Q or 8-K, or other report (other than Forms 3, 4 or 5) or communication sent to the equityholders of MLP Parent, and copies of all effective registration statements (other than any registration statements on Form S-8) that any
Consolidated Party may file or be required to file with the SEC under the Securities Act of 1933, as amended; 
 (g)
promptly, such additional information regarding the business, financial or corporate or other entity affairs of any Obligor or Restricted Subsidiary, or compliance with the terms of the Credit Documents, as Agent may from time to time reasonably
request; 
 (h) promptly after any request by Agent, such other information as Agent may reasonably request with respect to
the Borrowing Base or the components thereof, or reasonably related thereto, regardless of the requirements of Section 7.1; and 

(i) at all times during which MLP Parent or any other Obligor is party to any Senior Notes Indenture and Availability is less
than 35% of the Borrowing Base then in effect, promptly, and in any event within 15 days following the end of each month, a certificate signed on behalf of Consolidated Parties by a Senior Officer of Borrower

  
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Agent or its general partner which certifies (which certification shall constitute a representation and warranty for purposes of this Agreement) that at least 10% of the aggregate amount of
secured Indebtedness then permitted to be incurred by MLP Parent and/or any other Obligor party thereto under each Senior Notes Indenture then remains available to be incurred. 

Documents required to be delivered pursuant to Section 9.1.1(a), (b) or (c) or Section 9.1.2(f) may be
delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on which Borrower Agent posts such documents, or provides a link thereto, on MLP Parent’s website on the Internet at the website address
or electronically files such documents with the SEC; or (ii) on which such documents are posted on MLP Parent’s behalf on an Internet or intranet website, if any, including Intralinks, to which each Lender and Agent have access (whether a
commercial, third-party website or whether sponsored by Agent); provided that Borrower Agent (or its agent) shall notify Agent (by telecopier or electronic mail) of the posting of any such documents unless the same have been posted on the
website of the SEC. Except for such Compliance Certificates, Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by
Borrower Agent with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it by Agent or maintaining its copies of such documents. Agent shall provide such of the foregoing information as it deems
material to Lenders promptly upon receipt thereof from Obligors. 
 9.1.3 Notices and Information. 

(a) Promptly notify Agent and each Lender in writing of the occurrence of (i) any Default or Event of Default and the
nature thereof, or (ii) any default or event of default under any Senior Notes Indenture. 
 (b) Promptly notify Agent
of any matter (including the occurrence of any ERISA Event) that has resulted or could reasonably be expected to result in a Material Adverse Effect. 

(c) Promptly notify Agent of any material change in accounting policies or financial reporting practices by any Obligor or
Restricted Subsidiary, including any determination by Borrowers referred to in Section 1.2.2 or Section 3.4(b). 

(d) At the time of delivery of the financial statements and reports provided for in Section 9.1.1(a), deliver to
Agent a report signed by a Senior Officer of Borrower Agent or its general partner setting forth a list of registration numbers for all patents, trademarks, service marks and trade names awarded to any Obligor since the last day of the immediately
preceding Fiscal Year, all in such form as shall be reasonably satisfactory to Agent, provided, however, that such report shall not be required to be delivered with respect to Intellectual Property which in the aggregate is not material to the
business of Obligors taken as a whole. 
 Each notice pursuant to this Section 9.1.3 shall be accompanied by a statement of a
Senior Officer of Borrower Agent or its general partner setting forth in reasonable detail the occurrence referred to therein and stating what action Borrowers have taken and propose to take with respect thereto. Each notice pursuant to
Section 9.1.3(a) shall describe all provisions of this Agreement and any other Credit Document giving rise to such Default or Event of Default. 

  
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 9.1.4 Payment of Obligations. Pay and discharge, as the same shall become
due and payable, all its obligations and liabilities, except to the extent that failure to so pay and discharge could not reasonably be expected to have a Material Adverse Effect, including (a) all Tax liabilities, assessments and governmental
charges or levies upon it or its Properties or assets, unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the applicable Obligor or
Restricted Subsidiary; (b) all lawful claims which, if unpaid, would by law become a Lien upon its Property (unless a Permitted Lien); and (c) all Indebtedness, as and when due and payable, but subject to any subordination provisions
contained in any instrument or agreement evidencing such Indebtedness. 
 9.1.5 Preservation of Existence, Licenses,
Etc. (a) Preserve, renew and maintain in full force and effect its legal existence and good standing under the Applicable Laws of the jurisdiction of its organization except in a transaction not prohibited by Section 9.2.4 or
Section 9.2.5; (b) take all reasonable action to maintain all rights, privileges, permits, Licenses and franchises necessary in the normal conduct of its business, except to the extent that the failure to do so could not reasonably
be expected to have a Material Adverse Effect; (c) preserve or renew all of its registered copyrights, patents, trademarks, trade names and service marks, the non-preservation or non-renewal of which
could not reasonably be expected to have a Material Adverse Effect, and, without limitation of the foregoing, keep each License affecting any Collateral (including with respect to the manufacture, distribution or disposition of Inventory) or any
other material Property of Consolidated Parties in full force and effect, excluding those Licenses the loss of which could not reasonably be expected to have a Material Adverse Effect; and (d) notify Agent of any default or breach asserted in
writing by any Person to have occurred under any such License. 
 9.1.6 Maintenance of Properties. (a) Maintain,
preserve and protect all of its material Properties and Equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear and Involuntary Dispositions excepted; (b) make all necessary repairs
thereto and renewals and replacements thereof, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of
its facilities. 
 9.1.7 Maintenance of Insurance. Maintain in full force and effect insurance with respect to its
Property and its businesses (including worker’s compensation insurance, liability insurance, property insurance and business interruption insurance) with insurers rated A- or better by A.M. Best’s
Key Rating Guide (or any successor thereto), in such amounts, covering such risks and liabilities and with such deductibles or self-insurance retentions as are deemed sufficient for Consolidated Parties by the management of Borrower Agent in the
exercise of reasonable business judgment and reasonably acceptable to Agent, provided that such insurance with respect to the Property of Obligors shall cover casualty, hazard, public liability, theft, malicious mischief and such other risks, in
such amounts and with such endorsements, as are reasonably satisfactory to Agent. From time to time upon Agent’s request, Obligors shall deliver the originals or certified copies of their insurance policies to Agent. Agent shall be named as
lender loss payee or mortgagee, as its interest may appear, and/or additional insured with respect to any such insurance providing coverage in respect of any Collateral, and (unless otherwise agreed by Agent in its Permitted Discretion) each
provider of any such insurance shall agree, by endorsement upon the policy or policies issued by it or by independent instruments furnished to Agent, that it will give Agent 30 days prior written notice before any such policy or policies shall be
altered in a manner materially adverse to the insured or Agent and Lenders or canceled (but ten days prior written notice of cancellation for non-payment of premiums) and that the interests of Agent shall not
be impaired or invalidated by any act or neglect of any Obligor or by the occupation of the 

  
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premises for purposes more hazardous than are permitted by the policy. All proceeds under each policy of insurance with respect to Collateral shall be payable to Agent and (without duplication)
the proceeds under each general liability policy and each excess liability policy up to the amount necessary to reimburse Agent for any out-of-pocket losses, claims,
damages and related expenses actually suffered by Agent as a result of its relationship with Obligors under the Credit Documents shall be payable to Agent, provided, however, that, if no Event of Default has occurred and is continuing, (a) any
proceeds of insurance for Collateral (other than proceeds from general liability, workers’ compensation or D&O insurance) shall be deposited into a Springing Dominion Account (if no Cash Dominion Trigger Event then exists) or into a
Dominion Account (if a Cash Dominion Trigger Event then exists), and (b) if no Cash Dominion Trigger Event then exists, such proceeds may be used by Obligors in the Ordinary Course of Business, including the replacement of Collateral. Proceeds
from any business interruption insurance may be used by Obligors in the Ordinary Course of Business. 
 9.1.8 Compliance
with Laws and Material Contractual Obligations. (a) Comply in all material respects with the requirements of all Applicable Laws (including, without limitation, Anti-Corruption Laws and Anti-Terrorism Laws), all Contractual Obligations, and
all orders, writs, injunctions and decrees applicable to it or to its business or Property, except (other than failure to comply with Anti-Corruption Laws or Anti-Terrorism Laws) in such instances in which (i) such requirement of Applicable
Law, Contractual Obligation, or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted, or (ii) the failure to comply therewith could not reasonably be expected to have a Material
Adverse Effect; and (b) maintain all Governmental Approvals necessary to the ownership of its Properties or conduct of its business, unless failure to comply (other than failure to comply with Anti-Corruption Laws or Anti-Terrorism Laws) or
maintain could not reasonably be expected to have a Material Adverse Effect. 
 9.1.9 Books and Records.
(a) Maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP, in all material respects, consistently applied shall be made of all financial transactions and matters involving the assets and
business of Obligors and their Restricted Subsidiaries, as the case may be; and (b) maintain such books of record and account in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction
over such Obligor or such Restricted Subsidiary, as the case may be. 
 9.1.10 Inspection Rights. 

(a) Subject to the limitations set forth in Section 9.1.10(b), permit representatives and independent contractors
of Agent and each Lender to visit and inspect any of its Properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and Accounts with its directors,
officers and independent public accountants, all at the expense of Borrowers and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to Borrowers; provided,
however, that when an Event of Default exists Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of Borrowers at any time during normal business hours and
without advance notice. Obligors agree that Agent, and its representatives, may conduct an annual audit of the Collateral, at the expense of Obligors. 

(b) Reimburse Agent for all reasonable charges, costs and expenses of Agent (consistent with those charged by Agent to its
other similarly situated customers) in 

  
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connection with (i) examinations of any Obligor’s books and records or any other financial or Collateral matters as Agent deems appropriate, up to one time per Loan Year or, if
Availability falls below 40% (but is equal to or greater than 12.5%) of the Borrowing Base then in effect, up to two times per Loan Year until such condition no longer applies, or, if Availability falls below 12.5% of the Borrowing Base then in
effect, up to three times per Loan Year until such condition no longer applies; and (ii) appraisals of Inventory up to one time per Loan Year or, if Availability falls below 40% (but is equal to or greater than 12.5%) of the Borrowing Base then
in effect, up to two times per Loan Year until such condition no longer applies, or, if Availability falls below 12.5% of the Borrowing Base then in effect, up to three times per Loan Year until such condition no longer applies; provided,
however, that if an examination or appraisal is initiated during a Default or Event of Default, all charges, costs and expenses therefor shall be reimbursed by Borrowers without regard to such limits. Subject to the foregoing, Borrowers shall
pay Agent’s standard charges ($1,100 per day as of the Closing Date) for each day that an employee of Agent or its Affiliates is engaged in any examination activities, and shall pay the standard charges of Agent’s internal appraisal group.
Unless a Default or an Event of Default has occurred and is continuing, no more than three such examinations or three such appraisals shall be conducted by Agent during any Loan Year, provided that this sentence shall not be construed to limit
Agent’s right to conduct examinations or to obtain appraisals at any time in its discretion at any time after the occurrence and during the continuation of a Default or an Event of Default, nor to use third parties for such purposes. 

9.1.11 Use of Proceeds. Use the proceeds (a) of General Revolver Loans made pursuant to Section 2.1.1
solely (i) to refinance Borrowers’ obligations under the Existing Credit Agreement, (ii) to pay fees and transaction expenses associated with the closing of this Agreement, (iii) to pay Obligations in accordance with this
Agreement and (iv) for working capital, capital expenditures and other lawful corporate purposes of Obligors, including Permitted Acquisitions, and (b) Distribution Revolver Loans made pursuant to Section 2.1.1 (not to exceed
the Maximum Distribution Revolver Loans Amount at any time outstanding) solely for the purpose of making Restricted Payments permitted by Section 9.2.6 hereof, in each case, not in contravention of any Applicable Law (including, without
limitation, Anti-Corruption Laws and Anti-Terrorism Laws) or of any Credit Document. Borrowers shall not knowingly, directly or indirectly, use any Letter of Credit or the proceeds of any Loan, nor use, lend, contribute or otherwise make available
any Letter of Credit or proceeds of any Loan, to any Subsidiary, joint venture partner or other Person, (A) to fund any activities of or business with any Person, or in any Designated Jurisdiction, that, at the time of issuance of the Letter of
Credit or funding of the Loan, is the subject of Sanctions; (B) in any manner that will result in a violation of Sanctions by any Person (including any Secured Party or other individual or entity participating in the transaction); or
(C) in any manner that could reasonably be expected to result in a violation of any Anti-Corruption Laws. 
 9.1.12
Additional Borrowers or Guarantors; Acquired Assets. 
 (a) Joinder as Borrower or Guarantor. Promptly notify
Agent upon any Person becoming a Subsidiary (whether in connection with a Permitted Acquisition, another permitted Investment or otherwise), excluding any Person that is an Immaterial Subsidiary but including any Person that is initially an
Immaterial Subsidiary and subsequently ceases to be an Immaterial Subsidiary, and, if such Person is not a Foreign Subsidiary or an Unrestricted Subsidiary and subject to the proviso below, cause it (a) to become a party to this Agreement as a
joint and several “Borrower” by executing a joinder agreement in form and substance reasonably satisfactory to Agent, and (b) to 

  
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execute and deliver such other Collateral Documents, and to take such other actions as Agent shall reasonably require to evidence and perfect a Lien in favor of Agent, for the benefit of Secured
Parties, on the assets of such Person of the type constituting Collateral, including delivery of resolutions, organizational documents and legal opinions in form and substance reasonably satisfactory to Agent; provided, that (i) in lieu
of the foregoing, Borrowers may elect to cause such Person to execute and deliver a Guaranty and such other documents, instruments and agreements and to take such other actions as Agent shall require to evidence and perfect a Lien in favor of Agent,
for the benefit of Secured Parties, on the assets of such Person of the type constituting Collateral, including delivery of such resolutions, organizational documents and legal opinions, in form and substance reasonably satisfactory to Agent and
(ii) Obligors shall not be obligated to cause any such Subsidiary which is acquired pursuant to, or created to facilitate, an Acquisition to execute or deliver any such joinder agreement, Guaranty or other documents, instruments or
agreements until 30 days (or such longer period as Agent may otherwise agree) after such Subsidiary initially became a Restricted Subsidiary (provided that, for the avoidance of doubt, the Property of such Restricted Subsidiary shall not be
potentially eligible for inclusion in the Borrowing Base unless and until such a joinder agreement and all such other documents, instruments or agreements and other items required under this Agreement (including, without limitation, the items set
forth in Section 9.1.12(b) below) are appropriately executed and/or delivered). Nothing contained herein shall require MLP General Partner to become a Borrower or Guarantor. 

(b) Effect on Borrowing Base. In the event (i) any Person becomes a Borrower (the “new Borrower”)
or (ii) any Borrower or Restricted Subsidiary makes an Acquisition and, in each case, Borrower Agent or Borrowers seek to include such assets of the new Borrower or such assets acquired in connection with such Acquisition (the “acquired
assets”) in the Borrowing Base, Agent may require (and shall require to the extent that the assets which are Collateral of such new Borrower or the purchase price of, or allocated to, such acquired assets (which assets are Collateral) is
$50,000,000 or more), as a condition to including such assets in the Borrowing Base, a satisfactory appraisal of such assets, a field examination of such assets and other due diligence materials with respect to such assets and any such new Borrower,
in each case to be conducted at the expense of Borrowers. If such appraisal, field examination and/or due diligence is required by Agent, then, unless otherwise agreed by Agent, until such time as such appraisal, field exam and other due diligence
is complete, the assets of such new Borrower or the acquired assets, as applicable, will not be eligible for inclusion in the Borrowing Base; provided, however, that, at the option of Borrower Agent, assets having an aggregate Value
not to exceed 10% of the Borrowing Base on the date of exercise of such option, by Borrower Agent’s giving of written notice thereof to Agent, may be included in the Borrowing Base upon completion of an appraisal acceptable to Agent in its
Permitted Discretion and without completion of a field examination or other due diligence (other than an appraisal). For the avoidance of doubt, no assets of any Person other than a Borrower shall be included in the Borrowing Base. 

9.1.13 Certain Pledged Assets. Each Obligor will (i) cause all of its owned and leased personal Property of the
type constituting Collateral to be subject at all times to perfected, first priority Liens in favor of Agent, for the benefit of Secured Parties, to secure the Obligations pursuant to the terms and conditions of the Collateral Documents, or, with
respect to such Property acquired after the Closing Date, such other additional security documents as Agent may reasonably request, subject in any case to Permitted Liens, and (ii) deliver such other documentation as Agent may reasonably
request to create, perfect and maintain the effectiveness and required priority of the Lien intended to be created by the Collateral Documents, including 

  
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appropriate UCC-1 financing statements, appraisals, landlord’s waivers, certified resolutions and other organizational and authorizing documents of such Person, favorable customary opinions
of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above and the perfection of Agent’s Liens thereunder) and other items of the types
required to be delivered pursuant to Section 6.1(c), all in form, content and scope reasonably satisfactory to Agent, provided that, with respect to Inventory that is subject to Liens of landlords, carriers, warehousemen, processors or
bailees or the like, Agent shall, upon the request of Borrower Agent and in lieu of first priority Liens thereon in favor of Agent, establish Availability Reserves against the Borrowing Base for such Liens consistent with the terms of this
Agreement. 
 9.1.14 Landlord and Storage Agreements. Upon written request, provide Agent with copies of all existing
relevant agreements, and promptly after execution thereof provide Agent with copies of all future relevant agreements, between any Obligor and any landlord, carrier, warehouseman, processor or bailee or the like that owns any premises at which any
Collateral included in the Borrowing Base and having a Value in excess of $5,000,000 is located. 
 9.1.15 Bank
Products. In order to facilitate the administration of the Loans, Obligors will maintain Bank of America or one or more other Lenders as their principal depository bank or banks, including for the maintenance of operating, administrative, cash
management, collection activity and other deposit accounts for the conduct of Obligors’ business. 
 9.1.16 Clean
Down of Distribution Revolver Loans. Cause the aggregate outstanding principal balance of Distribution Revolver Loans to be zero for a period of at least 15 consecutive days during each 12-month period, commencing January 1, 2014. 

9.2 Negative Covenants. For so long as any Commitments or Obligations (and continuing until Full Payment of all Obligations) are
outstanding, each Obligor shall not, and shall cause each of its Restricted Subsidiaries not to: 
 9.2.1 Liens.
Create, incur, assume or permit to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following: 

(a) Liens pursuant to any Credit Document (including Liens granted under the Collateral Documents which secure Bank Product
Indebtedness and other Obligations); 
 (b) Liens existing on the Closing Date and listed on Schedule 9.2.1 and any
renewals or extensions thereof, provided that (i) the Property (or, in the case of fungible Property, any replacement thereof) covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased (other than
for reasonable and customary transaction costs incurred in connection with such renewal or extension), (iii) the direct or any contingent obligor with respect thereto is not changed; and (iv) any renewal or extension of the obligations
secured or benefited thereby is permitted by Section 9.2.3(b) 
 (c) Liens for Taxes, assessments or governmental
charges or levies not yet delinquent or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with
GAAP; 
 (d) (i) statutory Liens of landlords and Liens of carriers, warehousemen, mechanics, materialmen, repairmen and
suppliers and other Liens imposed by law or 

  
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pursuant to customary reservations or retentions of title arising in the Ordinary Course of Business, provided that such Liens secure only amounts not yet overdue for a period of more than
30 days or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto in accordance with GAAP are maintained on the books of the applicable Obligor; and 

(ii) statutory Liens securing First Purchase Crude Payables arising in the Ordinary Course of Business which are not overdue
for a period of more than 30 days (other than up to $2,000,000 in the aggregate of such First Purchase Crude Payables which may be overdue for a period of more than 30 days) or which are being contested in good faith and by appropriate proceedings
diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Obligor; 
 (e)
pledges or deposits in the Ordinary Course of Business in connection with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; 

(f) deposits to secure the performance of bids, trade contracts and leases (other than Capital Leases), statutory obligations,
surety and appeal bonds, performance bonds and other obligations of a like nature, in each case incurred in the Ordinary Course of Business; 

(g) easements, rights-of-way, restrictions and other similar encumbrances affecting real Property which, in the aggregate, do
not materially interfere with the ordinary conduct of the business of the applicable Person; 
 (h) (i) Liens securing
judgments for the payment of money not constituting an Event of Default under Section 10.1(h), and (ii) pre-judgment Liens created by or existing from any litigation or legal proceeding that are being contested in good faith by
appropriate proceedings, promptly instituted and diligently conducted, for which adequate reserves have been made to the extent required by GAAP, and which would not, upon becoming Liens securing judgments for the payment of money, constitute an
Event of Default under Section 10.1(h); 
 (i) Liens securing Indebtedness permitted under
Section 9.2.3(e); provided that (i) such Liens do not at any time encumber any Property constituting Collateral or any other Property other than the Property financed by such Indebtedness and the proceeds thereof (including
insurance proceeds), and (ii) the Indebtedness secured thereby does not exceed the cost or fair market value on the date of acquisition, whichever is lower, of the Property being acquired; 

(j) (i) Liens securing Indebtedness permitted under Section 9.2.3(g) and any renewals or extensions thereof,
provided that (i) the Property (or, in the case of fungible Property, any replacement thereof) covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased (other than for reasonable and customary
transaction costs incurred in connection with such renewal or extension), and (iii) the direct or any contingent obligor with respect thereto is not changed; and 

(ii) Liens on Property acquired pursuant to a Permitted Acquisition, or on the Property of a Restricted Subsidiary in
existence at the time such Subsidiary is acquired pursuant to a Permitted Acquisition and any renewals or 

  
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extensions thereof, provided that (i) the Property (or, in the case of fungible Property, any replacement thereof) covered thereby is not changed, (ii) the amount secured or
benefited thereby is not increased (other than for reasonable and customary transaction costs incurred in connection with such renewal or extension), and (iii) the direct or any contingent obligor with respect thereto is not changed;
provided that (A) any Indebtedness that is secured by such Liens is permitted to exist under Section 9.2.3(h), (B) such Liens existed at the time such Person became a Subsidiary and were not created in connection with,
or in contemplation of, such Permitted Acquisition, (C) any such Liens either (1) do not attach to or encumber any Property constituting Collateral or (2) if and to the extent that such Liens do attach to or encumber any Property
constituting Collateral, such Liens are fully discharged and released within 90 days after the date of the consummation of such Permitted Acquisition and, until so released and discharged, none of the Collateral affected thereby may be included in
the Borrowing Base and none of the Collateral affected thereby or any proceeds thereof may be comingled with any other Collateral or proceeds thereof or, if so comingled, all of the comingled Collateral shall be excluded from the Borrowing Base, and
(D) the amount of Indebtedness secured thereby is not increased; 
 (k) leases or subleases granted to others not
interfering in any material respect with the business of any Consolidated Party; 
 (l) (i) any interest of title of a
lessor under, and Liens arising from UCC financing statements (or equivalent filings, registrations or agreements in foreign jurisdictions) relating to, (A) Operating Leases, and (B) Capital Leases permitted by this Agreement; 

(ii) “protective” Liens granted in connection with sales permitted hereunder that are intended to be “true
sales”, or bailment, storage or similar arrangements in which a counterparty holds title to the assets that are the subject of such transaction; including Liens affecting Inventory granted by any Obligor or a Restricted Subsidiary to the
counterparty in a Structured Hydrocarbon Supply Arrangement, which Liens are intended to protect such counterparty in the event that such transaction is recharacterized as a secured financing and attach only to the assets that are subject of such
transaction, provided that no Inventory encumbered by such Liens is included in the Borrowing Base or is commingled with any Property constituting a part of the Borrowing Base or any Eligible Cash; and 

(iii) precautionary UCC financing statement filings made in respect of consignments, provided that none of the Property
covered by such UCC financing statements may be included in the Borrowing Base or commingled with any Property constituting a part of the Borrowing Base and none of the proceeds of sales of such Property shall be commingled with the proceeds of with
any Property constituting a part of the Borrowing Base or any Eligible Cash; 
 (m) Liens in favor of customs and revenue
authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods; 

(n) Liens deemed to exist in connection with Investments in repurchase agreements permitted under Section 9.2.2;

  
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 (o) normal and customary rights of setoff upon deposits of cash in favor of banks
or other depository institutions; 
 (p) Liens of a collection bank arising under Section 4-210 of the Uniform
Commercial Code on items in the course of collection; 
 (q) Liens of sellers of goods to Consolidated Parties arising under
Article 2 of the Uniform Commercial Code or similar provisions of Applicable Law in the Ordinary Course of Business, covering only the goods sold and securing only the unpaid purchase price for such goods and related expenses; 

(r) Liens securing Indebtedness permitted under Section 9.2.3(m); provided, that such Liens do not at any
time attach to or encumber any Property constituting Collateral; 
 (s) customary setoff rights and related settlement
procedures under any Swap Contract permitted to be incurred pursuant to Section 9.2.3(d); 
 (t) Liens arising in
connection with (i) any lease, transfer or disposition of any metal or other element, composite or alloy used as, or part of, a catalyst necessary or useful for the operation of the refinery assets of Consolidated Parties or (ii) any
commodity leases for any metal or other element, composite or alloy used as, or part of, a catalyst necessary or useful for the operation of the refinery assets of Consolidated Parties in the Ordinary Course of Business and not for the purpose of
speculation; provided, in each case, that such Liens do not encumber any Property other than (A) the catalyst or applicable part thereof or the commodities (whether one or more) being leased, (B) any insurance proceeds of any of the
foregoing, or (C) any metal or other element, composite or alloy used as, or part of, or commingled with, a catalyst in the operation of the refinery assets; 

(u) Liens securing obligations under Swap Contracts permitted under Section 9.2.3(d) hereof; provided that
(other than Obligations under Interest Rate Swaps which constitute Bank Products) (i) such Liens do not at any time attach to or encumber Property constituting Collateral, other than cash or Cash Equivalents not exceeding $25,000,000 in the
aggregate amount at any time (after deducting the available amount of Letters of Credit posted in support of such Swap Contracts) so long as such cash and cash collateral is not comingled with any other Collateral and not a part of the Restricted
Account Balance, and (ii) if reasonably requested by Agent following notice of the intention of an Obligor or a Subsidiary of an Obligor to grant such a Lien, the counterparty to such Swap Contracts shall have entered into an intercreditor
agreement with Agent, in form and substance reasonably satisfactory to Agent, provided that no such intercreditor agreement shall be required for Liens on cash collateral; 

(v) Liens on the Hedge Agreement Collateral securing Indebtedness permitted under Section 9.2.3(d), provided that
the Hedge Intercreditor Agreement remains in effect at all times during the existence of such Liens; 
 (w) Liens securing
Indebtedness of a Foreign Subsidiary permitted under Section 9.2.3(o) hereof; provided that such Liens shall encumber only Property owned by such Foreign Subsidiary and the Equity Interests of such Foreign Subsidiary; 

  
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 (x) Liens on and pledges of the Equity Interests of any Unrestricted Subsidiary
or any Joint Venture owned by MLP Parent or any Restricted Subsidiary of MLP Parent to the extent securing Non-Recourse Indebtedness or other Indebtedness of such Unrestricted Subsidiary or Joint Venture; 

(y) Liens securing Indebtedness permitted under Section 9.2.3(f), provided that such Liens cover only
(i) unearned premiums or dividends, (ii) loss payments which reduce the unearned premiums, subject however, in the case of Collateral, to the interests of Agent as mortgagee or loss payee, and (iii) any interest in any state guarantee
fund relating to any financed policy; and 
 (z) Liens on Equity Interests in MLP Subsidiaries securing Indebtedness of MLP
Subsidiaries under MLP Credit Facilities and any Guarantee of an Obligor of such Indebtedness permitted by Section 9.2.3(j)(iii). 

9.2.2 Investments. Make any Investments, except the following but subject to the proviso succeeding
Section 9.2.2(l) below (“Permitted Investments”): 
 (a) Investments held in the form of cash or
Cash Equivalents; 
 (b) Investments existing as of the Closing Date and set forth in Schedule 9.2.2; 

(c) Investments consisting of advances or loans to directors, managers, officers, employees, agents, customers or suppliers in
an aggregate principal amount not to exceed $5,000,000 at any time outstanding; 
 (d) Investments in (i) any Person
which is an Obligor at the time of such Investment and (ii) any newly created Subsidiary which is a Restricted Subsidiary and promptly becomes an Obligor in compliance with this Agreement, provided that the applicable requirements of
Section 9.1.12 and Section 9.1.13 are satisfied within the time frames provided therein, provided that any such Investments in Foreign Subsidiaries made pursuant to this Section 9.2.2(d), excluding Investments
made with the proceeds of (A) equity issuances made by MLP Parent after the Closing Date and prior to or substantially concurrently with such Investment or (B) Indebtedness incurred by such Foreign Subsidiary after the Closing Date and
prior to or substantially concurrently with such Investment, the proceeds of which Indebtedness have been substantially concurrently therewith paid to any Obligor (and then, substantially concurrently therewith, reinvested by such Obligor in such
Foreign Subsidiary), shall not exceed $25,000,000 in aggregate amount at any time outstanding; 
 (e) Investments consisting
of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in the Ordinary Course of Business, and Investments received in satisfaction or partial satisfaction thereof from financially
troubled account debtors to the extent reasonably necessary in order to prevent or limit loss; 
 (f) Guarantees constituting
Indebtedness permitted by Section 9.2.3; 
 (g) any reinvestment of the proceeds of any Involuntary Disposition
or of any Disposition, in each case, so long as such reinvestment is permitted by the terms hereof; 

  
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 (h) Investments consisting of an Acquisition by an Obligor, an Investment in a
Joint Venture by an Obligor, an Investment in an Unrestricted Subsidiary by an Obligor or any other Investment (other than Investments of the type or kind referred to in clauses (a), (b) and (c) of this
Section 9.2.2), provided that 
 (i) Guaranty and Collateral Requirements. Upon the consummation
of such Investment, Agent shall have received all items (if any), including in respect of the Property acquired in such Acquisition and/or in respect of any Restricted Subsidiary that is formed to effect such Acquisition, required to be delivered
(if any) by the terms of Section 9.1.12 and/or Section 9.1.13, except for such items as are not required to be delivered until 30 days (or such other period as Agent may otherwise agree) after an entity becomes a Restricted
Subsidiary; 
 (ii) Non-Hostile. If such transaction involves an acquisition of the Equity Interests of another
Person, the Board of Directors (or other comparable governing body) of such other Person shall have duly approved such Acquisition; 

(iii) Continued Accuracy of Representations and Warranties. If such Investment involves the creation or acquisition of
a Restricted Subsidiary, the representations and warranties deemed made by such Restricted Subsidiary in any Credit Document shall be true and correct in all respects at and as if made as of the date of such Investment; 

(iv) Minimum Liquidity. Availability (A) at all times during the 30-day period preceding such Acquisition or
Investment and (B) on the date of such Acquisition or Investment after giving effect thereto, in each case, on a Pro Forma Basis, shall be greater than or equal to 12.5% of the Borrowing Base then in effect; provided however, that if
Availability is less than 20% of the Borrowing Base then in effect (which Availability under clause (A) above shall be, for purposes of this clause (iv) only, calculated on an average basis based on data available on the date
of calculation), then Borrower Agent shall have delivered to Agent a certificate demonstrating that, upon giving effect to such Acquisition or Investment, the Fixed Charge Coverage Ratio on a Pro Forma Basis would be at least 1.0 to 1.0; and 

(v) No Default or Event of Default. No Default or Event of Default shall exist immediately prior to or immediately after the
consummation of such Acquisition or Investment; 
 (i) to the extent constituting Investments, Swap Contracts permitted to be
incurred pursuant to Section 9.2.3(d); 
 (j) so long as no Default or Event of Default has occurred and is
continuing or would result therefrom, Investments in Subsidiaries which are not Obligors at the time of such Investment but which become Obligors concurrently with such Investment in an aggregate amount (excluding Investments of such type set forth
in Schedule 9.2.2) not to exceed, on the date such Investment is made and together with the amount of Investments outstanding pursuant to Section 9.2.2(k), the greater of $100,000,000 or 5% of Consolidated Net Tangible Assets
(determined based on the financial statements for the most recent Fiscal Quarter for which such statements were delivered by MLP Parent in accordance with Section 9.1.1(a) or Section 9.1.1(b)); 

  
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 (k) so long as no Default or Event of Default has occurred and is continuing or
would result therefrom, other Investments in an aggregate amount for all such Investments pursuant to this Section 9.2.2(k), together with the amount of Investments outstanding pursuant to Section 9.2.2(j), not to exceed on
the date such Investment is made the greater of $100,000,000 or 5% of Consolidated Net Tangible Assets (determined based on the financial statements for the most recent Fiscal Quarter for which such statements were delivered in accordance herewith);
and 
 (l) Investments in Senior Notes required by the terms of any Senior Notes Indenture; 

provided, however, that each Investment or deemed Investment in an Unrestricted Subsidiary must, on the date of each such
Investment or deemed Investment, satisfy each of the requirements of Section 9.4 hereof. 
 9.2.3
Indebtedness. Create, incur, assume or permit to exist any Indebtedness, except: 
 (a) Indebtedness under the Credit
Documents; 
 (b) Indebtedness of Obligors and their Restricted Subsidiaries outstanding on the Closing Date and set forth in
Schedule 9.2.3, and renewals, refinancings and extensions of all or any part thereof (subject to the following proviso, “Refinancing Indebtedness”); provided that (i) the amount of such Indebtedness is not
increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an
amount equal to any existing commitments unutilized thereunder, and (ii) the material terms relating to principal amount, amortization, maturity, collateral (if any) and subordination (if any), and other material terms (other than pricing and
yield), of any such refinancing, refunding, renewing or extending Indebtedness, and of any agreement entered into and of any instrument issued in connection therewith, are no less favorable, in the aggregate and taken as a whole, in any material
respect to Obligors or Lenders than the terms of any agreement or instrument governing the Indebtedness being refinanced, refunded, renewed or extended (it being understood that it shall be deemed a permitted refinancing under this
Section 9.2.3(b) if funds, raised in a public offering of debt securities, are restricted to repayment of such Indebtedness, even if a period of up to 60 days (or a longer period to the extent that such funds are escrowed pursuant to
arrangements satisfactory to Required Lenders) intervenes between the date such public offering closes and the date that the applicable Indebtedness is repaid from such funds); 

(c) intercompany Indebtedness, and Guarantees with respect to Indebtedness otherwise permitted hereunder, so long as in each
case the related Investment made by the holder of such Indebtedness or by the provider of such Guarantee, as applicable, is permitted under Section 9.2.2 (other than subsection (f) thereof); 

(d) obligations (contingent or otherwise) of any Obligor or its Restricted Subsidiaries existing or arising under any Swap
Contract; provided that (i) such obligations are (or were) entered into by such Person in the Ordinary Course of Business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or
Property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person, and not for purposes of speculation, (ii) such Swap Contract does not contain any provision exonerating the non-defaulting

  
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party from its obligation to make payments on outstanding transactions to the defaulting party (it being understood that Section 2(a)(iii) of the ISDA Master Agreement does not constitute
such a provision), and (iii) such obligations do not constitute Bank Product Indebtedness; 
 (e) purchase money
Indebtedness (including Attributable Indebtedness in respect of Capital Leases or Synthetic Lease Obligations) incurred by any Obligor or its Restricted Subsidiary to finance the purchase of Property (including, without limitation, any metal or
other element, composite or alloy used as, or part of, a catalyst in the operation of the refinery assets of any of Consolidated Parties) other than Collateral; provided that (i) the aggregate amount of all such Indebtedness of all
Obligors and their Restricted Subsidiaries shall not exceed at any time outstanding the greater of $100,000,000 or 5% of Consolidated Net Tangible Assets (provided that the foregoing limitation on amount shall not apply (A) to purchase
money Indebtedness (whether in the form of Capital Leases or as Indebtedness) incurred to purchase any metals or other elements, composites or alloys used as, or part of, a catalyst in the operation of the refinery assets of any of Consolidated
Parties or (B) if Borrowers demonstrate to the reasonable satisfaction of Agent, based on adjustments made in good faith using reasonable assumptions, that the Fixed Charge Coverage Ratio on a Pro Forma Basis after giving effect to the
incurrence of such Indebtedness shall be at least 1.0 to 1.0), (ii) such Indebtedness when incurred shall not exceed the lesser of the purchase price and the value of the asset(s) financed plus fees and expenses reasonably incurred in
connection with such refinancing, (iii) no such Indebtedness shall be refinanced for a principal amount in excess of the principal balance outstanding thereon at the time of such refinancing plus reasonable premiums or other reasonable amounts
paid, and fees and expenses reasonably incurred, in connection with such refinancing, and (iv) Attributable Indebtedness under Operating Leases which become Capital Leases after the Closing Date solely as a result of any change in GAAP
occurring after the Closing Date shall be excluded for purposes of determining the amount in clause (i) preceding; 

(f) Indebtedness of any Obligor incurred in the ordinary course of business to finance the payment of premiums for a
twelve-month period for insurance, provided that the aggregate outstanding principal amount of such Indebtedness shall not at any time exceed $15,000,000; 

(g) Indebtedness incurred to finance a Permitted Acquisition; provided that (i) no Liens (if such Indebtedness is
secured) securing such Indebtedness shall at any time attach to or encumber any Property constituting Collateral, (ii) the maturity date for such Indebtedness shall occur no earlier than the date six months after the Revolver Termination Date,
(iii) the principal amount of such Indebtedness shall not amortize by more than 2% during any year prior to the Revolver Termination Date (excluding the effect of put rights, required tenders for such Indebtedness or other repayments or
prepayments required upon the occurrence of a contingency (such as, by way of example and not by way of limitation, an event of default, the destruction of assets or a change of control). and (iv) the holder of such Indebtedness (if such
Indebtedness is secured) shall have entered into an intercreditor agreement with Agent, in form and substance reasonably satisfactory to Agent; 

(h) Indebtedness of a Restricted Subsidiary acquired pursuant to a Permitted Acquisition (or Indebtedness assumed by an Obligor
or its Restricted Subsidiary pursuant to a Permitted Acquisition as a result of a merger or consolidation, or the acquisition of Property securing such Indebtedness), so long as such Indebtedness was not incurred in

  
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connection with, or in anticipation or contemplation of, such Permitted Acquisition; provided that (i) the aggregate amount of all such Indebtedness of all Obligors and their
Restricted Subsidiaries shall not exceed at any time outstanding the greater of $50,000,000 or 3% of Consolidated Net Tangible Assets and (ii) if any of such Indebtedness matures prior to the Revolver Termination Date and such Indebtedness has
not been refinanced or defeased (it being acknowledged hereby that the refinancing thereof is expressly permitted hereby) within 60 days prior to its maturity date, Agent may, in its discretion, establish an Availability Reserve with respect to such
Indebtedness; 
 (i) Bank Product Indebtedness; 

(j) Indebtedness of Obligors and their Restricted Subsidiaries in the form of (i) completion guarantees and performance
bonds and other similar obligations required in the Ordinary Course of Business in an aggregate principal amount not to exceed $50,000,000 at any time outstanding, excluding bonds posted to secure excise tax or sales tax payment obligations,
(ii) Guarantees by any Obligor in respect of other Indebtedness of an Obligor otherwise permitted under this Section 9.2.3, and (iii) Guarantees in respect of Indebtedness of MLP Subsidiaries under one or more MLP Credit
Facilities, provided, that such Guarantees provided pursuant to this clause (iii) shall be (A) unsecured (other than by the pledge of Equity Interests in MLP Subsidiaries), (B) subordinated to the Obligations on terms
acceptable to Agent and (C) in an amount not to exceed in the aggregate the greater of (1) $200,000,000 and (2) 5.0% of Consolidated Net Tangible Assets (measured at the time of incurrence); 

(k) To the extent constituting Indebtedness, obligations of Obligors and their Restricted Subsidiaries (i) arising under
any license for a proprietary refining process entered into by such Person in the Ordinary Course of Business (including, without limiting the generality of the foregoing, plant expansion, modification and optimization), or (ii) in respect of
leases (including any such lease constituting a Capital Lease) or other financings without regard to form or other financing structures for metals or other elements, composites or alloys used as, or part of, a catalyst in the operation of the
refinery assets of any of Consolidated Parties which do not constitute Collateral, in each case in the Ordinary Course of Business, and not for the purposes of speculation, with respect to such metals, elements, composites, alloys or
catalysts; 
 (l) additional unsecured Indebtedness of Obligors and their Restricted Subsidiaries not otherwise permitted
pursuant to this Section 9.2.3; provided that (i) the maturity date for such Indebtedness shall occur no earlier than the date six months after the Revolver Termination Date, (ii) the principal amount of such
Indebtedness shall not amortize by more than 2% during any twelve month period prior to the Revolver Termination Date (excluding the effect of put rights, required tenders for such Indebtedness or other repayments or prepayments required upon the
occurrence of a contingency (such as, by way of example and not by way of limitation, an event of default, the destruction of assets or a change of control), and (iii) in the case of any subordinated Indebtedness, the applicable subordination
terms thereof shall be reasonably acceptable to Agent; and 
 (m) additional secured or unsecured Indebtedness in an
aggregate outstanding principal amount not to exceed the greater of (i) $100,000,000 and (ii) 5% of Consolidated Net Tangible Assets (measured at the time of the incurrence of such Indebtedness), so long as no Liens securing such
Indebtedness shall at any time attach to or encumber any Property constituting Collateral (excluding cash proceeds of such Property which are not a part of the Restricted Account Balance); 

  
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 (n) Attributable Indebtedness under Sale and Leaseback Transactions incurred by
Obligors and their Restricted Subsidiaries, provided that the aggregate outstanding amount of all such Indebtedness shall not exceed the greater of (i) $75,000,000 and (ii) 5% of Consolidated Net Tangible Assets (measured at the
time of the incurrence of such Indebtedness); and 
 (o) Indebtedness incurred by Foreign Subsidiaries, provided that
the aggregate outstanding amount of all such Indebtedness shall not exceed the greater of (i) $100,000,000 and (ii) 5% of Consolidated Net Tangible Assets (measured at the time of the incurrence of such Indebtedness). 

9.2.4 Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether
in one transaction or in a series of transactions) all or substantially all of the assets of Obligors and their Restricted Subsidiaries, taken as a whole (whether now owned or hereafter acquired); provided that, notwithstanding the foregoing
provisions of this Section 9.2.4 but subject to the terms of Sections 9.1.12 and 9.1.13, 
 (a) any
Borrower may merge or consolidate with any of its Subsidiaries provided that a Borrower shall be the continuing or surviving entity or, if not the surviving entity, the survivor shall assume the obligations of such Borrower and become a party to the
Credit Documents as a “Borrower” in a manner reasonably acceptable to Agent, including, without limitation, by the execution of such documents of joinder and such Collateral Documents as Agent may reasonably request and by demonstrating
that Agent will have first priority perfected Liens on such Person’s Collateral (subject to Permitted Liens) and its compliance in all material respects with Applicable Laws, including the Patriot Act, 

(b) any Consolidated Party that is an Obligor may merge or consolidate with any other Obligor, provided that if the merger or
consolidation involves a Borrower, such Borrower shall be the continuing or surviving entity or, if not the surviving entity, the survivor shall assume the obligations of such Borrower and become a party to the Credit Documents as a
“Borrower” in a manner reasonably acceptable to Agent, including, without limitation, by the execution of such documents of joinder and such Collateral Documents as Agent may reasonably request and by demonstrating that Agent will have
first priority perfected Liens on such Person’s Collateral and its compliance in all material respects with Applicable Laws, including the Patriot Act, 

(c) any Consolidated Party that is not an Obligor may be merged or consolidated with or into any Obligor provided that an
Obligor shall be the continuing or surviving corporation, 
 (d) any Consolidated Party that is not an Obligor may be merged
or consolidated with or into any other Consolidated Party that is not an Obligor, 
 (e) any Restricted Subsidiary may merge
with any Person that is not an Obligor in connection with a Disposition permitted under Section 9.2.5, 
 (f) an
Obligor may merge with any Person in connection with a Permitted Acquisition or any other transaction, provided that such Obligor shall be the continuing 

  
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or surviving entity or, if not the surviving entity, the survivor shall assume the obligations of such Obligor and become a party to the Credit Documents as an “Obligor” in a manner
reasonably acceptable to Agent, including, without limitation, by the execution of such documents of joinder and such Collateral Documents as Agent may reasonably request and by demonstrating that Agent will have first priority perfected Liens on
such Person’s Collateral and its compliance in all material respects with Applicable Laws, including the Patriot Act, and a Guarantor may merge with a Borrower, provided that such Borrower shall be the continuing or surviving entity, and 

(g) any Wholly Owned Subsidiary of an Obligor (other than an Obligor) may dissolve, liquidate or wind up its affairs at any
time provided that such dissolution, liquidation or winding up, as applicable, could not reasonably be expected to have a Material Adverse Effect. 

Furthermore, for so long as any Commitments or Obligations (and continuing until Full Payment of all Obligations) are outstanding, each Obligor shall not, and
shall cause each of its Restricted Subsidiaries not to, (i) permit any Obligor to merge or consolidate into, or reorganize as or otherwise become, an entity that is organized under the laws of a jurisdiction other than any State of the United
States or the District of Columbia or (ii) permit any MLP Subsidiary to merge, dissolve, liquidate, consolidate with or into another Person, except that, so long as no Default exists or would result therefrom (A) any MLP Subsidiary may
merge with any one or more other MLP Subsidiaries; and (B) any MLP Subsidiary may consolidate or merge with another corporation or entity, and a Person (other than an Obligor or Restricted Subsidiary) may consolidate with or merge into any MLP
Subsidiary, provided that (1) the MLP Subsidiary shall be the ultimate surviving entity, and (2) the surviving entity shall be, after giving effect to the merger, a Solvent entity organized under the laws of the United States of America,
any State thereof or the District of Columbia. 
 9.2.5 Dispositions. Make any Disposition other than an Excluded
Disposition (other than Permitted Investments involving the sale or other Disposition of Collateral, which Permitted Investments involving the sale or other Disposition of Collateral shall be subject to this Section 9.2.5), except the
following: 
 (a) sales or other Dispositions of assets (other than Sale and Leaseback Transactions) having an aggregate fair
market value not to exceed during any Fiscal Year the greater of $15,000,000 or 1% of Consolidated Net Tangible Assets for the most recent Fiscal Year for which annual audited financial statements have been delivered to Agent in accordance with the
terms hereof; 
 (b) Sale and Leaseback Transactions involving Property not constituting Collateral (including, for the
avoidance of doubt, metals or other elements, composites or alloys used as, or part of, a catalyst) with respect to assets having an aggregate fair market value, determined at the time of the consummation of each such transaction, not to exceed
during any Fiscal Year the greater of $75,000,000 or 5% of Consolidated Net Tangible Assets for the most recent Fiscal Year for which annual audited financial statements have been delivered to the Agent in accordance with the terms hereof; 

(c) Dispositions of Hydrocarbons in connection with any Structured Hydrocarbon Supply Arrangement; and 

(d) sales or other Dispositions of assets if (i) Availability (A) at all times during the 30-day period preceding
such sale or other Disposition and (B) on the date of such sale or other Disposition and after giving effect thereto (including any reduction in 

  
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the Borrowing Base to result therefrom), in each case, on a Pro Forma Basis, shall be greater than or equal to 15% of the Borrowing Base then in effect and (ii) if Availability as referred
to in (i)(A) or (B) above is less than 22.5% of the Borrowing Base then in effect (which Availability under clause (i)(A) above shall be, for purposes of this clause (B) only, calculated on an average basis for such 30-day period),
Borrower Agent shall have delivered to Agent a certificate demonstrating, based on adjustments made in good faith using reasonable assumptions, that, upon and after giving effect to such sale or other Disposition, the Fixed Charge Coverage Ratio on
a Pro Forma Basis would be at least 1.0 to 1.0; 
 provided, however, that, in connection with any sale or Disposition of
Collateral (including, without limitation, any sale or other Disposition of Collateral which constitutes or is made in connection with a Permitted Investment) and, except as stated in the proviso below, in connection with any sale or Disposition
pursuant to Section 9.2.5(d): 
 (i) Borrower Agent shall deliver to Agent, at least two Business Days prior to
the consummation of each such sale or other Disposition which involves any Collateral, a then current Borrowing Base Certificate which gives effect thereto and such sale or other Disposition shall result in an immediate and automatic adjustment of
the Borrowing Base to reflect such sale or other Disposition and, if necessary to ensure that the Revolver Usage does not exceed the Borrowing Base after giving effect thereto, Borrowers shall, prior to or concurrently with such consummation, repay
the Obligations in an amount sufficient to eliminate such excess; 
 (ii) at least 75% (or, in the case of any sale or other
Disposition of any Property constituting Collateral, 100% with respect to such Collateral) of the consideration paid in connection therewith shall be in cash or, in the case of a sale or other Disposition not involving any Property constituting
Collateral, Cash Equivalents, such payment to be contemporaneous with consummation of such transaction, and shall be in an amount not less than the fair market value of the Property disposed of; 

(iii) all sales or other Dispositions of Collateral between or among two or more Obligors shall be made expressly subject to
the continuation of Agent’s Lien on the Property being sold or otherwise Disposed of; 
 (iv) no later than five
Business Days prior to any such sale or other Disposition, Borrower Agent shall have delivered to Agent a certificate of a Senior Officer of Borrower Agent or its general partner specifying the anticipated date of such sale or other Disposition,
briefly describing the assets to be sold or otherwise disposed of and setting forth the fair market value of such assets and the aggregate consideration and the Net Cash Proceeds to be received for such assets in connection with such Disposition;

 (v) Obligors shall remit all Net Cash Proceeds of any sale or other Disposition of Collateral to Agent for deposit into
the Springing Dominion Account (if no Cash Dominion Trigger Event then exists) or into a Dominion Account (if a Cash Dominion Trigger Event then exists) of the applicable Obligors, and 

  
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 (vi) Obligors shall apply all Net Cash Proceeds of any sale or other Disposition
of Property not constituting Collateral, within 360 days after the receipt thereof and at the option of Borrower Agent, to make Investments consisting of an Acquisition permitted by Section 9.2.2, to make Capital Expenditures permitted
by this Agreement, to acquire other long-term Property used or useful in a business not prohibited by this Agreement, or to repay Loans; and 

(vii) no Default or Event of Default exists at the time thereof or will arise as a result thereof; and 

provided, further, however, that any sales or Dispositions (including sales or Dispositions of Collateral) pursuant to
Section 9.2.5(d) shall not be required to comply with the requirements referred to in clause (ii) preceding. 

9.2.6 Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment (including, without
limitation, any Restricted Payment proposed to be made with the proceeds of any Distribution Revolver Loan), or incur any obligation (contingent or otherwise) to do so, except that: 

(a) each Restricted Subsidiary of MLP Parent may, and may incur obligations to, make Restricted Payments (directly or
indirectly) to MLP Parent or to any other Restricted Subsidiary of MLP Parent that is an Obligor; 
 (b) each Consolidated
Party may, and may incur obligations to, declare and make Restricted Payments payable solely in, and by the issuance of, the Equity Interests of such Person; 

(c) MLP Parent or any Restricted Subsidiary thereof may, and may incur obligations to, make offsets against and acquisitions of
Equity Interests of MLP Parent in satisfaction of customary indemnification and purchase price adjustment obligations owed to MLP Parent or its Restricted Subsidiaries under acquisition arrangements in which Equity Interests of MLP Parent were
issued as consideration for the Acquisition, provided that the only consideration exchanged by any Consolidated Party in connection with any such Acquisition is the relief, satisfaction or waiver of claims of such Consolidated Party under such
acquisition arrangements; and 
 (d) so long as no Default or Event of Default shall have occurred and be continuing at the
time of any action described below or would result therefrom: 
 (i) MLP Parent may, and may incur obligations to, purchase,
redeem or otherwise acquire its Equity Interests with the proceeds received from the substantially concurrent issue of new units of the Equity Interests of MLP Parent; 

(ii) MLP Parent may, and may incur obligations to, make Restricted Payments to its general and limited partners to be used by
such Person (or, if applicable, distributed by such Person to its respective partners or members) to pay consolidated, combined or similar federal, state and local Taxes payable by any such Person and directly attributable to (or arising as a result
of) the operations of MLP Parent and its Restricted Subsidiaries; 

  
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 (iii) any Obligor or any Restricted Subsidiary thereof may, and may incur
obligations to, make Restricted Payments, in the Ordinary Course of Business, to MLP General Partner to (A) reimburse MLP General Partner for reasonable and customary administrative or operating expenses of a Borrower incurred by MLP General
Partner, and (B) permit MLP General Partner to pay franchise fees or similar Taxes and fees required to maintain its existence; 

(iv) MLP Parent may, and may incur obligations to, purchase, repurchase, retire or otherwise acquire or retire for value units
of its Equity Interests (A) held by any present or former director, officer, member of management or employee of any Obligor, or any Restricted Subsidiary of any Obligor, in accordance with repurchase rights or obligations established in
connection with such Equity Interests, and (B) pursuant to the terms of any incentive, benefit, compensation, employee or restricted equity interest purchase plan, equity interests option plan or other employee benefit or equity based
compensation plan established by MLP Parent or any other Obligor; provided that the aggregate amount of all such Restricted Payments made pursuant to this Section 9.2.6(d)(iv) shall not exceed $15,000,000 in any Fiscal Year,
except that any portion of such amount which is not made as a Restricted Payment during any Fiscal Year may be carried forward to successive Fiscal Years and added to such amount; 

(v) MLP Parent may, and may incur obligations to, make Restricted Payments consisting of the cashless exercise of options or
warrants in connection with customary and reasonable employee compensation, incentive, or other benefit programs; and 

(vi) MLP Parent may, and may incur obligations to, make other Restricted Payments not otherwise permitted above;
provided that immediately after giving effect to such Restricted Payment, the sum of (A) cash on hand in Restricted Accounts of Obligors plus (B) Availability shall be at least equal to the greater of (x) 15% of the
Borrowing Base then in effect and (y) $70,000,000 (which amount is subject to increase as provided in Section 1.4). 

9.2.7 Change in Nature of Business; Name, Etc. (a) Engage in any line of business different from those lines of
business conducted by Consolidated Parties taken as a whole on the date hereof, any business substantially related or incidental thereto, or any reasonable extensions or expansions thereof, or any other business that generates gross income that
constitutes “qualifying income” under Section 7704(d) of the Code and relates to the exploration for, or development, mining, production, ownership, operation, processing, refining, storage, transportation (including without
limitation pipeline and railcar ownership), marketing, distribution or other handling of, petroleum-based products, biofuels, feedstocks (including, without limiting the generality of the foregoing, oil and natural gas), and other minerals and fuels
related to the foregoing, (b) change its name or conduct business under any fictitious name; or change its tax, charter or other organizational identification number, unless, in each case, Borrower Agent first provides Agent at least 30 days
prior written notice of such change or fictitious name, or (c) change its form or jurisdiction of formation except for (1) a Statutory Conversion described in the last paragraph of the definition of “Change of Control”,
(2) without first giving 30 days prior written notice to Agent and providing such documents and instruments as Agent may reasonably request to continue the perfection and first priority status of its Liens, as contemplated herein, subject to
Permitted Liens, or (3) as otherwise consented to by Required Lenders. 

  
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 9.2.8 Transactions with Affiliates. Enter into or permit to exist any
transaction or series of transactions with any officer, director, manager of a limited liability company or Affiliate of such Person other than: 

(a) advances of working capital to any Obligor in the Ordinary Course of Business, 

(b) transfers of cash and assets to any Obligor in the Ordinary Course of Business, 

(c) transactions between or among any Obligors which do not adversely affect the validity, perfection or priority of
Agent’s Liens on any Collateral, 
 (d) intercompany transactions expressly permitted by Section 9.2.2,
Section 9.2.3, Section 9.2.4, Section 9.2.5 or Section 9.2.6 (including distributions to MLP General Partner permitted under Section 9.2.6(d)(iii) to reimburse MLP General Partner for
administrative and operating expenses of a Borrower incurred by MLP General Partner, but excluding other transactions with MLP General Partner), 

(e) the assignment by MLP General Partner to an Obligor of MLP General Partner’s rights under agreements relating to a
Permitted Acquisition for the purpose of allowing such Obligor to consummate such Permitted Acquisition, and the assumption by such Obligor of the obligations of MLP General Partner under such agreements, provided that the only consideration payable
by such Obligor in connection with such assignment (other than the assumption of such obligations) shall consist of reimbursement to MLP General Partner for its actual and reasonable out-of-pocket fees, costs and expenses relating thereto, 

(f) the purchase of assets from MLP General Partner by an Obligor pursuant to a Permitted Acquisition, provided that the
consideration payable by such Obligor and/or any other Obligor in connection with such purchase shall be on terms and conditions substantially as favorable to such Obligor and/or the other Obligors as would be obtainable by it or them in a
comparable arms-length transaction with a Person other than an Affiliate and such purchase and the terms and conditions thereof shall have been approved in advance by the Conflicts Committee of MLP General Partner as being fair and reasonable to
Obligors, 
 (g) compensation and reimbursement of expenses of employees, officers and directors, and 

(h) except as otherwise specifically limited in this Agreement, (i) other transactions on terms and conditions
substantially as favorable to such Person as would be obtainable by it in a comparable arms-length transaction with a Person other than an officer, director, manager of a limited liability company or Affiliate and (ii) conveyances of assets to
joint ventures pursuant to terms negotiated and agreed to on an arms-length basis with one or more third-parties that were not Affiliates of an Obligor immediately prior to the execution and delivery of the written agreement setting forth such
terms. 

  
 SECOND AMENDED AND RESTATED CREDIT
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 9.2.9 Burdensome Agreements. Enter into any Contractual Obligation (other
than this Agreement and the Senior Notes Indentures as in effect on the Closing Date and, subject to the proviso below, Refinancing Indebtedness) that: 

(a) limits the ability (i) of any Obligor or Restricted Subsidiary to make Restricted Payments to any Obligor or to
otherwise transfer any Property to any Obligor, provided that this clause (i) shall not prohibit (A) any such restrictions on transfers of Property by Foreign Subsidiaries contained in financing agreements governing the Indebtedness of
such Foreign Subsidiaries permitted by Section 9.2.3, or (B) a Restricted Subsidiary from entering into customary agreements to maintain a minimum amount of assets in connection with a Guarantee provided by such Restricted
Subsidiary permitted under Section 9.2.3, (ii) of any Obligor or Restricted Subsidiary to act as an Obligor under the Credit Documents or to Guarantee the Obligations of any Obligor, or (iii) of any Obligor or any Restricted
Subsidiary to create, incur, assume or suffer to exist Liens on any Property of such Person securing the Obligations, provided, however, that clauses (i), (ii) and (iii) above shall not prohibit any negative pledge in favor
of any holder of any Lien permitted under Sections 9.2.1(b), (e), (f), (i), (j), (k), (l), (r), (t), (u), (v), (w), (x), (y) and
(z) solely to the extent any such negative pledge or other restriction on transfer of Property relates to the Property financed by or the subject of such Indebtedness and proceeds thereof; or 

(b) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to secure the Obligations of such
Person; 
 provided, however, that any of the limitations or requirements referred to in clause (a) or clause
(b) preceding as they apply to any Contractual Obligation relating to Refinancing Indebtedness shall not limit the ability of any Obligor or Restricted Subsidiary to (1) act as an Obligor under the Credit Documents or to Guarantee the
Obligations of any Obligor or (2) create, incur, assume or suffer to exist Liens on any Property of such Person securing the Obligations, except for any negative pledge expressly permitted pursuant to the proviso in clause (a) preceding. 

9.2.10 Use of Proceeds. Use the proceeds of any Loan, whether directly or indirectly, and whether immediately,
incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the Board of Governors) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally
incurred for such purpose or in any other manner not contemplated in Section 9.1.11. 
 9.2.11 Prepayment of
Other Indebtedness. Permit any Obligor or Restricted Subsidiary to: 
 (a) if on any date a Default or Event of Default
has occurred and is continuing or would be directly or indirectly caused as a result thereof, or if the Prepayment Conditions are not satisfied at such date, make (or give any notice with respect thereto of) any voluntary, optional or other
non-scheduled payment, prepayment (including any excess cash flow sweeps of Borrowed Money), redemption, acquisition for value (including without limitation, by way of depositing money or securities with the trustee with respect thereto before due
for the purpose of paying when due), refund, refinance or exchange of any Senior Notes or any Subordinated Indebtedness of any Obligor or Restricted Subsidiary, but excluding (i) any refinancing thereof permitted under
Section 9.2.3, (ii) any payment made in satisfaction of any Obligor’s or any Restricted Subsidiary’s obligations with respect to the conversion or exchange of any debt securities convertible into or exchangeable, in whole
or in part, for shares of capital stock 

  
 SECOND AMENDED AND RESTATED CREDIT
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of (or other ownership or profit interests in) any Obligor or any Restricted Subsidiary, in each case to the extent that (A) any such payment is made in lieu of fractional shares or
(B) any such payment does not exceed the principal amount of the debt securities in respect of which the conversion or exchange right has been exercised, and (iii) any payment or prepayment made with respect to Indebtedness arising under
Senior Notes Agreements upon the occurrence of a contingency such as, for example and not by way of limitation, an event of default, the destruction of assets or a change of control if (and only if) the applicable Senior Notes Agreement requires
such prepayment; and 
 (b) notwithstanding subsection (a) of this Section 9.2.11, make any payment in
respect of Subordinated Indebtedness in violation of the relevant subordination provisions. 
 9.2.12 Organization
Documents; Fiscal Year; Accounting Practices. Permit any Obligor or Restricted Subsidiary to (a) amend, modify or change its Organization Documents in a manner adverse to the interests of Agent or Lenders; (b) change its fiscal year;
or (c) make any material change in accounting treatment or reporting practices, except as required by GAAP and in accordance with Section 1.2. 

9.2.13 Ownership of Obligors. Permit MLP Parent to own, directly or indirectly, less than 100% of the Equity Interests
of each Obligor except as a result of a permitted Disposition. 
 9.3 Financial Covenants. For so long as any Commitments or
Obligations (and continuing until Full Payment of all Obligations) are outstanding, Obligors shall: 
 9.3.1 Fixed Charge
Coverage Ratio. At all times after Availability falls below the greater of (a) 12.5% of the Borrowing Base then in effect and (b) $45,000,000 (which amount is subject to increase as provided in Section 1.4), maintain as of
the end of each Fiscal Quarter (commencing with the Fiscal Quarter ending immediately prior to the Fiscal Quarter during which Availability falls below the threshold stated above) a Fixed Charge Coverage Ratio of at least 1.0 to 1.0;
provided, that if, after Availability falls below the greater of clauses (a) and (b) above, Availability subsequently exceeds the greater of clauses (a) and (b) above by at least 15% for
30 consecutive days, then Obligors shall not be required to maintain the Fixed Charge Coverage Ratio set forth above until such time as Availability subsequently falls below the greater of clauses (a) and (b) above. 

9.4 Designation of Unrestricted Subsidiaries and Restricted Subsidiaries. 

9.4.1 Designation of Unrestricted Subsidiaries. 

(a) The Board of Directors of MLP Parent may designate any Restricted Subsidiary of MLP Parent to be an Unrestricted
Subsidiary, and may designate any Unrestricted Subsidiary that is an MLP Subsidiary as an Exclusive Entity, if (but only if): 

(i) any Restricted Subsidiary designated as an Unrestricted Subsidiary shall comply with all requirements contained in the
definition of the term “Unrestricted Subsidiary” and shall concurrently also be designated as (and thereupon shall become) an “Unrestricted Subsidiary” pursuant to (and as defined by) each of the Senior Notes Indentures; 

(ii) both immediately before and after giving effect to any such designation (and any deemed Investment resulting from such
designation on a pro forma basis), no Default or Event of Default has then occurred and is continuing or would result therefrom; 

  
 SECOND AMENDED AND RESTATED CREDIT
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 (iii) Availability, after giving effect to such designation (and any deemed
Investment resulting from such designation) and the exclusion of all Property of such Restricted Subsidiary from the Borrowing Base, equals or exceeds 15% of the Borrowing Base then in effect, calculated as of the effective date of such designation
and for each of the 30 days preceding such effective date, provided that, if the amount of Availability on any day of calculation as described in this clause (iii) is less than 22.5% of the Borrowing Base then in effect (which
Availability during such 30 days preceding such effective date shall be, for purposes of this proviso only, calculated on an average basis), then MLP Parent shall have demonstrated to Agent that, based on adjustments made in good faith using
reasonable assumptions, the Fixed Charge Coverage Ratio, calculated as of the effective date of such designation and after giving effect to such designation and the exclusion of all Property of such Restricted Subsidiary from the Borrowing Base, on
a Pro Forma Basis, equals or exceeds 1.0 to 1.0; and 
 (iv) all Investments deemed to exist or to have resulted from such
designation pursuant to this Agreement are permitted by this Agreement as of the effective date of such designation. 
 (b)
Unless designated as an Unrestricted Subsidiary in compliance with this Section 9.4, any Person that becomes a Subsidiary of an Obligor or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary. 

9.4.2 Characterization of Investment in Unrestricted Subsidiaries. If a Restricted Subsidiary of MLP Parent is
designated as an Unrestricted Subsidiary pursuant to Section 9.4.1 (including, without limitation, any MLP Subsidiary or Exclusive Entity), the aggregate fair market value of all outstanding Investments owned by MLP Parent and its
Restricted Subsidiaries in the former Restricted Subsidiary so designated as an Unrestricted Subsidiary will be deemed to be an Investment made as of the time of the designation that must comply with Section 9.2.2 hereof. 

9.4.3 Effect of Designation of Unrestricted Subsidiaries. With respect to each Unrestricted Subsidiary (including,
without limitation, any MLP Subsidiary or Exclusive Entity), beginning on the effective date of such designation and continuing for so long as such Subsidiary is an Unrestricted Subsidiary: 

(a) such Unrestricted Subsidiary will not be an Obligor (or a Borrower or Guarantor) for purposes of this Agreement or any
other Credit Document, and will not be obligated under any Credit Document, including without limitation any representation, warranty, covenant or Event of Default herein or in any other Credit Document; 

(b) the results of operations, Fixed Charges and Indebtedness of such Unrestricted Subsidiary will not be taken into account
for purposes of determining any financial ratio or covenant contained in this Agreement; 
 (c) Property of such Unrestricted
Subsidiary will not be included in the Borrowing Base; 

  
 SECOND AMENDED AND RESTATED CREDIT
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 (d) each Subsidiary of such Unrestricted Subsidiary will be also deemed to be an
Unrestricted Subsidiary; and 
 (e) such Subsidiary shall be deemed released from its obligations as a Borrower or a
Guarantor (as applicable) and shall no longer be a Borrower or a Guarantor, in each case, without any consent or approval of Agent, any Lender or any other Secured Party. 

9.4.4 Re-designation of an Unrestricted Subsidiary as a Restricted Subsidiary. The Board of Directors of MLP Parent may
at any date designate any Unrestricted Subsidiary (including, without limitation, any MLP Subsidiary or Exclusive Entity) to be a Restricted Subsidiary of MLP Parent; provided that (a) such designation will be deemed on such date to be
(i) an incurrence of Indebtedness by such Restricted Subsidiary of any outstanding Indebtedness of such Unrestricted Subsidiary and (ii) an Investment by such Restricted Subsidiary in the amount of any outstanding Investment of such
Unrestricted Subsidiary in any third party, and (b) such designation will only be permitted if (i) such deemed incurrence of Indebtedness is permitted under Section 9.2.3, calculated on a pro forma basis as if such designation
had occurred at the beginning of the four Fiscal Quarter reference period, (ii) such deemed Investment is permitted under Section 9.2.2, calculated on a pro forma basis as if such designation had occurred at the beginning of the
four Fiscal Quarter reference period, and (iii) no Default or Event of Default would be in existence following such designation. 

9.4.5 Certain Undertakings Relating to the Separateness of Unrestricted Subsidiaries. 

(a) Separate Records; Separate Assets. Obligors shall, and shall cause Unrestricted Subsidiaries (including, without
limitation, any MLP Subsidiary or Exclusive Entity) to, (i) maintain their respective books and records and their respective accounts separate from those of Obligors and their Restricted Subsidiaries on the one hand and Unrestricted
Subsidiaries on the other hand, and (ii) maintain their respective financial and other books and records showing their respective assets and liabilities separate and apart from those of Obligors and their Restricted Subsidiaries. Obligors shall
not commingle or pool, and shall cause Unrestricted Subsidiaries not to commingle or pool, their respective funds or other assets with those of any other Person, except their Restricted Subsidiaries in the case of Obligors and except Persons that
are not Obligors or their Restricted Subsidiaries in the case of Unrestricted Subsidiaries, and shall maintain their respective assets in a manner that is not costly or difficult to segregate, ascertain or otherwise identify as separate from those
of any other Person. 
 (b) Separate Name; Separate Credit. Obligors shall (i) conduct their respective
businesses in their respective own names or in the names of their respective Restricted Subsidiaries and not in the name of any Unrestricted Subsidiary (including, without limitation, any MLP Subsidiary or Exclusive Entity), and (ii) generally
hold themselves as entities separate from the Unrestricted Subsidiaries. Obligors shall cause Unrestricted Subsidiaries to, (A) conduct their respective businesses in their respective own names or in the names of their respective Subsidiaries
and not in the name of any Obligor or their Restricted Subsidiaries, and (B) generally hold themselves as entities separate from Obligors and their Restricted Subsidiaries. Obligors shall, and shall cause Unrestricted Subsidiaries to,
(1) pay their respective obligations and liabilities from their respective own funds (whether on hand or borrowed), and (2) maintain adequate capital in light of their respective business operations. 

  
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 (c) Separate Formalities. Obligors shall cause each Unrestricted
Subsidiary (including, without limitation, any MLP Subsidiary or Exclusive Entity) to observe all limited liability company, partnership or other entity formalities and other formalities required by their respective organizational documents and
Applicable Law. 
 9.5 Covenants relating to MLP Subsidiaries. For so long as any Commitments or Obligations (and continuing until
Full Payment of all Obligations) are outstanding, each Obligor shall not, and shall cause each of its Restricted Subsidiaries not to: 

(a) permit (i) an MLP GP to engage into any business other than holding a general partnership interest in an MLP and
(ii) the MLP Holdco to engage in any business other than holding Equity Interests in an MLP GP and an MLP; 
 (b) (i)
provide any Guarantee of, or any credit support for, any Indebtedness or other obligation (contingent or otherwise) of an MLP Subsidiary, or otherwise be directly or indirectly liable for any Indebtedness or other obligation (contingent or
otherwise) of such MLP Subsidiary, (ii) permit any Indebtedness or other obligation (contingent or otherwise) of an MLP Subsidiary to be recourse to any Obligor, (iii) have any direct or indirect obligation to maintain or preserve the
financial condition of such MLP Subsidiary or to cause any such MLP Subsidiary to achieve any specified level of operating results, or (iv) permit a Lien on any of its Property to secure, or permit any of its Property to be otherwise subject
(directly or indirectly) to the satisfaction of, any Indebtedness or other obligation (contingent or otherwise), of any MLP Subsidiary, in each case, other than with respect to any Guarantees incurred by any Obligor in respect of Indebtedness of an
MLP Subsidiary under an MLP Credit Facility and permitted under clause (iii) of Section 9.2.3(j); or 

(c) permit any MLP Subsidiary to (i) own any capital stock of or other Equity Interests in any Obligor, (ii) hold any
Indebtedness of any Obligor or (iii) hold any Lien on any Property of any Obligor. 
 For the avoidance of doubt, an Exclusive Entity is not an MLP
Subsidiary for purposes of this Section 9.5 (or otherwise, as provided in this Agreement). 
  

	SECTION 10.	EVENTS OF DEFAULT; REMEDIES ON DEFAULT 

 10.1 Events of Default. Each of the
following shall be an “Event of Default” hereunder, if the same shall occur for any reason whatsoever, whether voluntary or involuntary, by operation of law or otherwise: 

(a) Non-Payment. Any Borrower or any other Obligor fails (i) to pay when and as required to be paid (whether at
stated maturity, on demand, upon acceleration or otherwise) any amount of principal of any Loan or to deposit any funds as Cash Collateral in respect of LC Obligations as and when required herein, (ii) to pay within three days after the same
becomes due, any interest on any Loan or any LC Obligation or any fee due hereunder, or (iii) to pay within five days after the same becomes due, any other Obligation or amount payable hereunder or under any other Credit Document; or 

(b) Specific Covenants. Any Obligor fails to perform or observe any term, covenant or agreement contained in any of:

 (i) Section 7.1, 7.2.3, 7.2.4, 9.1.1(a), 9.1.1(b), 9.1.1(e) as such Section
relates to the financial statements referred to in Section 9.1.1(a) or 9.1.1(b), 9.1.3(a), 9.1.5 (with respect only to the existence or good standing of any Obligor in its jurisdiction of organization), 9.1.7
as such Section relates to insurance with respect to Collateral, 9.1.10 if another Event of Default exists at the time of such failure, 9.1.11, 9.1.13, 9.2, 9.3, 9.4 or 9.5; or 

  
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 (ii) Section 7.5.2, 9.1.1(c), 9.1.1(e) as such
Section relates to the financial statements referred to in Section 9.1.1(c), 9.1.7 as such Section relates to insurance with respect to Property other than Collateral or 9.1.12(a), and such failure continues for five days;
or 
 (iii) Section 9.1.10 if no other Event of Default exists at the time of such failure, and
such failure continues for ten days; or 
 (iv) Section 9.1.2(b) or Section 9.1.2(e),
and such failure continues for fifteen days; or 
 (v) Section 9.1.3 (other than
Section 9.1.3(a)), and such failure continues for a period of thirty days; or 
 (c) Other
Defaults. Any Obligor fails to perform or observe any other covenant or agreement (not specified in subsection (a) or (b) above) contained in any Credit Document on its part to be performed or observed and such failure continues for 30
days after a Senior Officer of such Obligor or the general partner of such Obligor has knowledge thereof or receives written notice thereof from Agent, whichever is sooner; or 

(d) Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed made
by or on behalf of any Borrower or any other Obligor herein, in any other Credit Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading (i) in the case of a representation, warranty,
certification or statement of fact not qualified by materiality, in any material respect when made or deemed made, or (ii) in the case of a representation, warranty, certification or other statement of fact qualified by materiality, in any
respect when made or deemed made; or 
 (e) Cross-Default. (i) Any Obligor or Restricted Subsidiary
(A) fails to make any payment when due after giving effect to any applicable grace period (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee (other than
Indebtedness hereunder and Indebtedness under Swap Contracts) having an aggregate principal amount (including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or (B) fails to
observe or perform any other agreement or condition relating to any such Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other
event is to cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of
notice if required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its
stated maturity, or such Guarantee to become payable or cash collateral 

  
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in respect thereof to be demanded; (ii) there occurs under any Swap Contract an early termination date (as used or defined in such Swap Contract) resulting from (A) any event of default
under such Swap Contract as to which any Obligor is the defaulting party (as used or defined in such Swap Contract) or (B) any termination event (as so used or defined) under such Swap Contract as to which any Obligor or any Restricted
Subsidiary is an affected party (as so used or defined) and, in either event, the Swap Termination Value owed by such Obligor or such Subsidiary as a result thereof is (in the aggregate and together with the Swap Termination Value owed by all other
Obligors or Restricted Subsidiaries) greater than the Threshold Amount; or (iii) there occurs an event of default as such term is used or defined in any Senior Notes Indenture; or 

(f) Insolvency Proceedings, Etc. Any Obligor or Restricted Subsidiary (other than an Immaterial Subsidiary) commences,
institutes or consents to an Insolvency Proceeding, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for
it or for all or any material part of its Property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues
undischarged or unstayed for 60 calendar days; or any Insolvency Proceeding relating to any such Person or to all or any material part of its Property is commenced and such Person consents to the institution of such proceeding, the petition
commencing such proceeding is not timely contested by such Person, such petition continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceeding; or 

(g) Inability to Pay Debts; Attachment. (i) Any Obligor becomes unable or admits in writing its inability or fails
generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the Property of any such Person and is not released, vacated or
fully bonded within 30 days after its issue or levy; or 
 (h) Judgments. There is entered against any Obligor or
Restricted Subsidiary (other than an Immaterial Subsidiary) (i) any one or more final judgments or orders for the payment of money in an aggregate amount exceeding the Threshold Amount (to the extent not covered by independent third-party
insurance as to which the insurer does not dispute coverage), or (ii) any one or more non-monetary final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either
case, (A) enforcement proceedings are commenced by any creditor upon any such judgment or order, or (B) there is a period of 30 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or
otherwise, is not in effect; or 
 (i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or
Multiemployer Plan which has resulted or could reasonably be expected to result in liability of an Obligor or Restricted Subsidiary, or all Obligors and Restricted Subsidiaries collectively, under Title IV of ERISA to the Pension Plan, Multiemployer
Plan or the PBGC in an aggregate amount in excess of the Threshold Amount; (ii) any Obligor or Restricted Subsidiary or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with
respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of the Threshold Amount; or (iii) or any event similar to the foregoing occurs or exists with respect to a Foreign
Plan; or 

  
 SECOND AMENDED AND RESTATED CREDIT
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 (j) Invalidity of Credit Documents; Guarantees. (i) Any provision of
any Credit Document (other than a Guaranty), at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or Full Payment of all the Obligations, ceases to be in full force and effect; or
any Obligor or any Affiliate thereof contests in any manner the validity or enforceability of any provision of any Credit Document (other than a Guaranty) or the perfection or priority of any Lien granted to Agent; or any Obligor denies that it has
any or further liability or obligation under any Credit Document (other than a Guaranty), or purports to revoke, terminate or rescind any provision of any Credit Document (other than a Guaranty), in each case, other than following Full Payment of
all the Obligations; or (ii) except as the result of or in connection with a dissolution, merger or disposition of a Subsidiary not prohibited by Section 9.2.4 or Section 9.2.5, the Guaranty given by any Guarantor or any
provision thereof shall cease to be in full force and effect, or any Guarantor or any Person acting by or on behalf of such Guarantor shall deny or disaffirm such Guarantor’s obligations under its Guaranty; or 

(k) Change of Control. There occurs any Change of Control; or 

(l) Injunctions; Solvency. Any Obligor is enjoined, restrained or in any way prevented by any Governmental Authority
from conducting any material part of its business; any Obligor suffers the loss, revocation or termination of any license, permit, lease or agreement which loss, revocation or termination (either alone or together with other such losses, revocations
or terminations) could reasonably be expected to have a Material Adverse Effect; there is a cessation of any part of such Obligor’s business for a period of time and such cessation could reasonably be expected to have a Material Adverse Effect;
any material Collateral or Property of an Obligor is taken or impaired through condemnation; or any Obligor ceases to be Solvent. 
 10.2
Remedies upon Default. If an Event of Default described in Section 10.1(f) occurs, then to the extent permitted by Applicable Law, all Obligations (other than Bank Product Indebtedness) shall become automatically due and payable,
all Commitments shall terminate and the obligation of Borrowers under Section 2.3.3 to Cash Collateralize the LC Obligations shall automatically become effective, without any action by Agent or notice of any kind. In addition, or if any
other Event of Default exists, Agent may in its discretion (and shall upon written direction of Required Lenders) do any one or more of the following from time to time: 

(a) declare any Obligations (other than Bank Product Indebtedness) immediately due and payable, whereupon they shall be due and
payable without diligence, presentment, demand, protest or notice of any kind, all of which are hereby waived by each Obligor to the fullest extent permitted by Applicable Law; 

(b) terminate, reduce or condition any Commitment, or make any adjustment to the Borrowing Base; 

(c) require Obligors to Cash Collateralize all LC Obligations, Bank Product Indebtedness and other Obligations that are
contingent or not yet due and payable, and, if Obligors fail promptly to deposit such Cash Collateral, Agent may (and shall upon the direction of Required Lenders) advance the required Cash Collateral as Revolver Loans (whether or not an Overadvance
exists or is created thereby, or the conditions in Section 6 are satisfied); and 

  
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 (d) exercise any other rights or remedies afforded under any agreement, by
Applicable Law, at equity or otherwise, including the rights and remedies of a secured party under the UCC. Such rights and remedies include the rights to (i) take possession of any Collateral; (ii) require Obligors to assemble Collateral,
at Borrowers’ expense, and make it available to Agent at a place designated by Agent; (iii) enter any premises where Collateral is located and store Collateral on such premises until sold (and if the premises are owned or leased by an
Obligor, Obligors agree not to charge for such storage); and (iv) sell or otherwise dispose of any Collateral in its then condition, or after any further manufacturing or processing thereof, at public or private sale, with such notice as may be
required by Applicable Law, in lots or in bulk, at such locations, all as Agent, in its discretion, deems advisable. Each Obligor agrees that 10 days’ notice of any proposed sale or other disposition of Collateral by Agent shall be reasonable.
Agent shall have the right to conduct such sales on any Obligor’s premises, without charge, and such sales may be adjourned from time to time in accordance with Applicable Law. Agent shall have the right to sell, lease or otherwise dispose of
any Collateral for cash, credit or any combination thereof, and Agent may purchase any Collateral at public or, if permitted by Applicable Law, private sale and, in lieu of actual payment of the purchase price, may credit bid and set off the amount
of such price against the Obligations. 
 10.3 License. Agent is hereby granted an irrevocable, non-exclusive license, so long as an
Event of Default shall have occurred and be continuing, or other right to use, license or sub-license (without payment of royalty or other compensation to any Person) any or all Intellectual Property of Obligors, computer hardware and software,
trade secrets, brochures, customer lists, promotional and advertising materials, labels, packaging materials and other Property, in advertising for sale, marketing, selling, collecting, completing manufacture of, or otherwise exercising any rights
or remedies with respect to, any Collateral; provided, however, that the IP License shall control in the event of any conflict between this Section and the terms and provisions of the IP License. Each Obligor’s rights and
interests under Intellectual Property shall inure to Agent’s benefit. 
 10.4 Setoff. If an Event of Default shall have occurred
and be continuing, Agent, each Lender, Issuing Bank and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by Applicable Law, to set off and apply any and all deposits (general
or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by Agent, such Lender, Issuing Bank or any such Affiliate to or for the credit or the account of
a Borrower or any other Obligor against any and all of the Obligations of such Borrower or such Obligor now or hereafter existing under this Agreement or any other Credit Document to Agent, such Lender, Issuing Bank or such Affiliate, irrespective
of whether or not Agent, such Lender, Issuing Bank or such Affiliate shall have made any demand under this Agreement or any other Credit Document and although such Obligations of such Borrower or such Obligor may be contingent or unmatured or are
owed to a branch or office of Agent, such Lender, Issuing Bank or such Affiliate different from the branch or office holding such deposit or obligated on such indebtedness. The rights of Agent, each Lender, Issuing Bank and each of their respective
Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that Agent, such Lender, Issuing Bank or their respective Affiliates may have. Agent, each Lender, Issuing Bank and each of their
respective Affiliates agree to notify in writing Borrower Agent and Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

10.5 Remedies Cumulative; No Waiver. 

10.5.1 Cumulative Rights. All covenants, conditions, provisions, warranties, guaranties, indemnities and other
undertakings of Obligors under the Credit Documents are cumulative and 

  
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not in derogation or substitution of each other. In particular, the rights and remedies of Agent and Lenders under the Credit Documents are cumulative, may be exercised at any time and from time
to time, concurrently or in any order, and are not exclusive of any other rights or remedies that Agent and Lenders may have, whether under any agreement, by law, at equity or otherwise. 

10.5.2 Waivers. The failure or delay of Agent or any Lender to require strict performance by any Obligor with any terms
of the Credit Documents, or to exercise any rights or remedies with respect to Collateral or otherwise, shall not operate as a waiver thereof nor as establishment of a course of dealing. All rights and remedies shall continue in full force and
effect until Full Payment of all Obligations. No modification of any terms of any Credit Documents (including any waiver thereof) shall be effective, unless such modification is specifically provided in a writing directed to Obligors and executed by
Agent or the requisite Lenders, and such modification shall be applicable only to the matter specified. No waiver of any Default or Event of Default shall constitute a waiver of any other Default or Event of Default that may exist at such time,
unless expressly stated. If Agent or any Lender accepts performance by any Obligor under any Credit Documents in a manner other than that specified therein, or during any Default or Event of Default, or if Agent or any Lender shall delay or exercise
any right or remedy under any Credit Documents, such acceptance, delay or exercise shall not operate to waive any Default or Event of Default nor to preclude exercise of any other right or remedy. It is expressly acknowledged by Obligors that any
failure to satisfy a financial covenant on a measurement date shall not be cured or remedied by satisfaction of such covenant on a subsequent date. 
  

	SECTION 11.	AGENT 

 11.1 Appointment, Authority and Duties of Agent. 

11.1.1 Appointment and Authority. Each Lender appoints and designates Bank of America as Agent under all Credit
Documents. Agent may, and each Secured Party authorizes Agent to, enter into all Credit Documents to which Agent is intended to be a party and accept all Collateral Documents, for Agent’s benefit and the Pro Rata benefit of Secured Parties.
Each Lender agrees that any action taken by Agent or Required Lenders in accordance with the provisions of the Credit Documents, and the exercise by Agent or Required Lenders of any rights or remedies set forth therein, together with all other
powers reasonably incidental thereto, shall be authorized by and binding upon all Lenders. Without limiting the generality of the foregoing, Agent shall have the sole and exclusive authority to (a) act as the disbursing and collecting agent for
Lenders with respect to all payments and collections arising in connection with the Credit Documents; (b) execute and deliver as Agent each Credit Document, including any intercreditor or subordination agreement, and accept delivery of each
Credit Document from any Obligor or other Person; (c) act as collateral agent for Secured Parties for purposes of perfecting and administering Liens under the Credit Documents, and for all other purposes stated therein; (d) manage,
supervise or otherwise deal with Collateral; and (e) take any Enforcement Action or otherwise exercise all rights and remedies given to Agent with respect to any Collateral under the Credit Documents, Applicable Law or otherwise. The duties of
Agent shall be ministerial and administrative in nature, and Agent shall not have a fiduciary relationship with any Lender, Secured Party, Participant or other Person, by reason of any Credit Document or any transaction relating thereto. Agent alone
shall be authorized to determine eligibility and applicable advance rates under the Borrowing Base (including whether any Accounts, Inventory or other Property are eligible for inclusion in the Borrowing Base), whether to impose or release any
reserve, or whether any conditions to funding or issuance of a Letter of Credit have been satisfied, which determinations and judgments, if exercised in good faith, shall exonerate Agent from liability to any Secured Party or other Person for any
error in judgment. 

  
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 11.1.2 Duties. Agent shall not have any duties except those expressly set
forth in the Credit Documents, nor be required to initiate or conduct any Enforcement Action except to the extent directed to do so by Required Lenders while an Event of Default exists. The conferral upon Agent of any right shall not imply a duty on
Agent’s part to exercise such right, unless instructed to do so by Lenders in accordance with this Agreement. 
 11.1.3
Agent Professionals. Agent may perform its duties through agents and employees. Agent may consult with and employ Agent Professionals, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance
upon, any advice given by an Agent Professional. Agent shall not be responsible for the negligence or misconduct of any agents or Agent Professionals selected by it with reasonable care. 

11.1.4 Instructions of Required Lenders. The rights and remedies conferred upon Agent under the Credit Documents may be
exercised without the necessity of joinder of any other party, unless required by Applicable Law. In determining compliance with a condition for any action hereunder, including satisfaction of any condition in Section 6, Agent may
presume that the condition is satisfactory to a Secured Party unless Agent has received notice to the contrary from such Secured Party before Agent takes the action. Agent may request instructions from Required Lenders with respect to any act
(including the failure to act) in connection with any Credit Documents or Collateral, and may seek assurances to its satisfaction from Lenders of their indemnification obligations under Section 11.6 against all Claims that could be
incurred by Agent in connection with any act. Agent shall be entitled to refrain from any act until it has received such instructions or assurances, and Agent shall not incur liability to any Person by reason of so refraining. Instructions of
Required Lenders shall be binding upon all Secured Parties, and no Secured Party shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting in accordance with the instructions of Required Lenders.
Notwithstanding the foregoing, instructions by and consent of each affected Lender, all Lenders or the Supermajority Lenders (as applicable) shall be required in the circumstances described in Section 13.1.1(a)(i), (ii) and
(iii), respectively, and in no event shall Required Lenders, without the prior written consent of the requisite Lenders, direct Agent to take any action which would require the consent of each affected Lender, all Lenders or the Supermajority
Lenders, as applicable. In no event shall Agent be required to take any action that it determines in its discretion is contrary to Applicable Law or any Credit Documents or could subject any Agent Indemnitee to liability. 

11.2 Agreements Regarding Collateral and Field Examination Reports. 

11.2.1 Lien Releases; Care of Collateral. Secured Parties authorize Agent to release any Lien with respect to any
Collateral (a) upon Full Payment of the Obligations, (b) that is the subject of a Disposition which Borrower Agent or any Borrower certifies in writing to Agent is an Excluded Disposition or a Lien which Borrower Agent or any Borrower
certifies is a Permitted Lien entitled to priority over Agent’s Liens (and Agent may rely conclusively on any such certificate without further inquiry), (c) that is the subject of any other Disposition permitted by
Section 9.2.5 (other than a Disposition with respect to which Agent’s Lien is required to remain in effect as provided in clause (iii) of the proviso in Section 9.2.5) or otherwise consented to by Required Lenders,
or (d) subject to Section 13.1, with the consent of Required Lenders (provided that the release of all or substantially all of the Collateral shall require the written consent of all Lenders). Secured Parties authorize Agent to
subordinate its Liens to any Purchase Money Lien or other Lien entitled to priority hereunder. Agent shall have no obligation whatsoever to any Secured Party to assure that any Collateral exists or is owned by an Obligor, or is cared for, protected,
insured or encumbered, nor to assure that Agent’s Liens have been properly created, perfected or enforced, or are entitled to any particular priority, nor to exercise any duty of care with respect to any Collateral. 

  
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 11.2.2 Possession of Collateral. Agent and Secured Parties appoint each
Lender as agent (for the benefit of Secured Parties) for the purpose of perfecting Liens in any Collateral held or controlled by such Lender, to the extent such Liens are perfected by possession or control. If any Lender obtains possession or
control of any Collateral, it shall notify Agent thereof and, promptly upon Agent’s request, deliver such Collateral to Agent or otherwise deal with it in accordance with Agent’s instructions. 

11.2.3 Reports. Agent shall promptly provide to Lenders when complete copies of the results of any field examination,
audit or appraisal report prepared by or on behalf of Agent with respect to any Obligor or Collateral (“Report”). Reports and other Obligor Materials may be made available to Lenders by providing access to them on the Platform, but
Agent shall not be responsible for system failures or access issues that may occur from time to time. Each Lender agrees (a) that neither Bank of America nor Agent makes any representation or warranty as to the accuracy or completeness of any
Report, and shall not be liable for any information contained in or omitted from any Report; (b) that the Reports are not intended to be comprehensive audits or examinations, and that Agent or any other Person performing any audit or
examination will inspect only limited information and will rely significantly upon Obligors’ books and records as well as upon representations of Obligors’ officers and employees; (c) that Agent makes no representation or warranty as
to the accuracy or completeness of any Obligor Materials and shall not be liable for any information contained in or omitted from any Obligor Materials, including any Report; and (d) to keep all Reports and Obligor Materials confidential and
strictly for such Lender’s internal use, and not to distribute any Report or other Obligor Materials (or the contents thereof) to any Person (except to such Lender’s Participants, attorneys and accountants) and to use all Reports and
Obligor Materials solely for administration of the Loans and other Obligations. Each Lender agrees to indemnify and hold harmless Agent and any other Person preparing a Report from any action such Lender may take as a result of or any conclusion it
may draw from any Obligor Materials, as well as from any Claims arising as a direct or indirect result of Agent furnishing same to such Lender, via the Platform or otherwise. 

11.3 Reliance By Agent. Agent shall be entitled to rely, and shall be fully protected in relying, upon any certification, notice or
other communication (including those by telephone, telex, telegram, telecopy or e-mail) believed by it to be genuine and correct and to have been signed, sent or made by the proper Person, and upon the advice and statements of Agent Professionals.

 11.4 Action Upon Default. Agent shall not be deemed to have knowledge of any Default or Event of Default, or of any failure to
satisfy any conditions in Section 6, unless it has received written notice from Borrower Agent or Borrowers or Required Lenders specifying the occurrence and nature thereof. If any Lender acquires knowledge of a Default, Event of Default
or failure of such conditions, it shall promptly notify Agent and the other Lenders thereof in writing. Each Secured Party agrees that, except as otherwise provided in any Credit Documents or with the written consent of Agent and Required Lenders,
it will not take any Enforcement Action, accelerate any Obligations (other than Bank Product Indebtedness), or assert any rights relating to any Collateral (including the exercise any right that it might otherwise have under Applicable Law to credit
bid at foreclosure sales, UCC sales or other similar dispositions of Collateral). Notwithstanding the foregoing, however, a Lender may take action to preserve or enforce its rights against an Obligor where a deadline or limitation period is
applicable that would, absent such action, bar enforcement of Obligations held by such Lender, including the filing of proofs of claim in any proceeding under any Insolvency Proceeding. 

  
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 11.5 Ratable Sharing. If any Lender shall obtain any payment or reduction of any
Obligation (whether through set-off or otherwise) in excess of its Pro Rata share of payments or reductions of Obligations obtained by all Lenders, such Lender shall forthwith purchase from the other Secured Parties such participations in the
affected Obligations as shall be necessary to cause the purchasing Secured Party to share the excess payment or reduction, net of costs incurred in connection therewith, on a Pro Rata basis or in accordance with Section 5.5.2, as
applicable. If any of such payment or reduction is thereafter recovered from the purchasing Secured Party or if any additional costs are incurred, the purchase shall be rescinded and the purchase price restored to the extent of such recovery or
additional costs, but without interest. Notwithstanding the foregoing, if a Defaulting Lender obtains a payment or reduction of any Obligation, it shall immediately turn over the full amount thereof to Agent for application under
Section 4.2.2 and it shall provide a written statement to Agent describing the Obligation affected by such payment or reduction No Lender may set off against any Dominion Account without the prior consent of Agent. 

11.6 Indemnification of Agent Indemnitees. 

11.6.1 Indemnification. EACH SECURED PARTY SHALL INDEMNIFY AND HOLD HARMLESS AGENT INDEMNITEES AND ISSUING BANK
INDEMNITEES, TO THE EXTENT NOT REIMBURSED BY OBLIGORS, ON A PRO RATA BASIS, AGAINST ALL CLAIMS THAT MAY BE INCURRED BY OR ASSERTED AGAINST ANY SUCH INDEMNITEE, PROVIDED THAT ANY CLAIM AGAINST AN AGENT INDEMNITEE RELATES TO OR ARISES FROM ITS ACTING
AS OR FOR AGENT (IN THE CAPACITY OF AGENT). If Agent is sued by any receiver, trustee or other Person for any alleged preference or fraudulent transfer, then any monies paid by Agent in settlement or satisfaction of such proceeding, together with
all interest, costs and expenses (including attorneys’ fees) incurred in the defense of same, shall be promptly reimbursed to Agent by each Secured Party to the extent of its Pro Rata share. 

11.6.2 Proceedings. Without limiting the generality of the foregoing, if at any time (whether prior to or after the
Commitment Termination Date) any proceeding is brought against any Agent Indemnitees by an Obligor, or any Person claiming through an Obligor, to recover damages for any act taken or omitted by Agent in connection with any Obligations, Collateral,
Credit Documents or matters relating thereto, or otherwise to obtain any other relief of any kind on account of any transaction relating to any Credit Documents, each Lender agrees to indemnify and hold harmless Agent Indemnitees with respect
thereto and to pay to Agent Indemnitees such Lender’s Pro Rata share of any amount that any Agent Indemnitee is required to pay under any judgment or other order entered in such proceeding or by reason of any settlement, including all interest,
costs and expenses (including reasonable attorneys’ fees) incurred in defending same. In Agent’s discretion, Agent may reserve for any such proceeding, and may satisfy any judgment, order or settlement, from proceeds of Collateral prior to
making any distributions of Collateral proceeds to Lenders. 
 11.7 Limitation on Responsibilities of Agent. Agent shall not be
liable to any Secured Party for any action taken or omitted to be taken under the Credit Documents, except for losses directly and solely caused by Agent’s gross negligence or willful misconduct. Agent does not assume any responsibility for any
failure or delay in performance or any breach by any Obligor, Lender or other Secured Party of any obligations under the Credit Documents. Agent does not make any express or implied representation, warranty or guarantee to any Secured Party with
respect to any Obligations, Collateral, Liens, Credit Documents or Obligor. No Agent Indemnitee shall be responsible to any Secured Party for any recitals, statements, information, representations or warranties contained in any Credit Documents or
Obligor Materials; the execution, validity, genuineness, effectiveness or enforceability of any Credit Documents; the genuineness, enforceability, collectability, value, sufficiency, 

  
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location or existence of any Collateral, or the validity, extent, perfection or priority of any Lien therein; the validity, enforceability or collectability of any Obligations; or the assets,
liabilities, financial condition, results of operations, business, creditworthiness or legal status of any Obligor or Account Debtor. No Agent Indemnitee shall have any obligation to any Secured Party to ascertain or inquire into the existence of
any Default or Event of Default, the observance or performance by any Obligor of any terms of the Credit Documents, or the satisfaction of any conditions precedent contained in any Credit Documents. 

11.8 Successor Agent and Co-Agents. 

11.8.1 Resignation; Successor Agent. Agent may resign at any time by giving at least 30 days written notice thereof to
Lenders and Borrower Agent. If Agent is a Defaulting Lender under clause (d) of the definition thereof, Required Lenders have the right, in consultation with Borrower Agent, to remove such Agent by written notice to Borrower Agent and Agent.
Required Lenders may appoint a successor to replace the resigning or removed Agent, which successor shall be (a) a Lender (other than a Defaulting Lender) or an Affiliate of a Lender (other than a Defaulting Lender); or (b) a financial
institution with an office in the United States reasonably acceptable to Required Lenders and (provided no Default or Event of Default exists) Borrower Agent. If no successor agent is appointed prior to the effective date of Agent’s resignation
or removal, then Agent may appoint a successor agent that is a financial institution with an office in the United States acceptable to it (which shall be a Lender unless no Lender accepts the role) or in the absence of such appointment, Required
Lenders shall on such date assume all rights and duties of Agent hereunder (except that in the case of any collateral security held by Agent on behalf of the Secured Parties under Credit Document, the retiring Agent shall continue to hold such
collateral security until such time as a successor Agent is appointed). Upon acceptance by any successor Agent of its appointment to serve as Agent hereunder, such successor Agent shall thereupon succeed to and become vested with all the powers and
duties of the retiring Agent without further act. On the effective date of its resignation or removal, the retiring or removed Agent shall be discharged from its duties and obligations hereunder but shall continue to have all rights and protections
under the Credit Documents with respect to actions taken or omitted to be taken by it while Agent, including the indemnification set forth in Sections 11.6 and 13.2, and all rights and protections under this
Section 11. Any successor to Bank of America by merger or acquisition of stock shall continue to be Agent hereunder without further act on the part of any Secured Party or Obligor. 

11.8.2 Co-Collateral Agent. If appropriate under Applicable Law, Agent may appoint a Person to serve as a co-collateral
agent or separate collateral agent under any Credit Document. Each right, remedy and protection intended to be available to Agent under the Credit Documents shall also be vested in such agent. Secured Parties shall execute and deliver any instrument
or agreement that Agent may request to effect such appointment. If any such agent shall die, dissolve, become incapable of acting, resign or be removed, then all the rights and remedies of such agent, to the extent permitted by Applicable Law, shall
vest in and be exercised by Agent until appointment of a new agent. 
 11.9 Due Diligence and Non-Reliance. Each Lender acknowledges
and agrees that it has, independently and without reliance upon Agent or any other Lenders, and based upon such documents, information and analyses as it has deemed appropriate, made its own credit analysis of each Obligor and its own decision to
enter into this Agreement and to fund Loans and participate in LC Obligations hereunder. Each Secured Party has made such inquiries concerning the Credit Documents, the Collateral and each Obligor and related matters as such Lender feels necessary.
Each Secured Party acknowledges and agrees that the other Secured Parties have made no representations or warranties concerning any Obligor, any Collateral or the legality, validity, sufficiency or enforceability of any Credit Documents or

  
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Obligations. Each Secured Party will, independently and without reliance upon any other Secured Party, and based upon such financial statements, documents and information as it deems appropriate
at the time, continue to make and rely upon its own credit decisions in making Loans and participating in LC Obligations, and in taking or refraining from any action under any Credit Documents. Except for notices, reports and other information
expressly requested by a Lender, Agent shall have no duty or responsibility to provide any Secured Party with any notices, reports or certificates furnished to Agent by any Obligor or any credit or other information concerning the affairs, financial
condition, business or Properties of any Obligor (or any of its Affiliates) which may come into possession of Agent or any of Agent’s Affiliates. 

11.10 Remittance of Payments and Collections. 

11.10.1 Remittances Generally. All payments by any Lender to Agent shall be made by the time and on the day set forth in
this Agreement, in immediately available funds. If no time for payment is specified or if payment is due on demand by Agent and request for payment is made by Agent by 11:00 a.m. on a Business Day, payment shall be made by Lender not later than 2:00
p.m. on such day, and if request is made after 11:00 a.m., then payment shall be made by 11:00 a.m. on the next Business Day. Payment by Agent to any Secured Party shall be made by wire transfer, in the type of funds received by Agent. Any such
payment shall be subject to Agent’s right of offset for any amounts due from such payee under the Credit Documents. 

11.10.2 Failure to Pay. If any Secured Party fails to pay any amount when due by it to Agent pursuant to the terms
hereof, such amount shall bear interest from the due date until paid in full at the greater of the Federal Funds Rate or the rate determined by Agent as customary for interbank compensation for two Business Days and thereafter at the Default Rate
for Base Rate Revolver Loans. In no event shall any Obligor be entitled to credit for any interest paid by a Secured Party to Agent, nor shall any Defaulting Lender be entitled to interest on any amounts held by Agent pursuant to
Section 4.2. 
 11.10.3 Recovery of Payments. If Agent pays any amount to a Secured Party in the
expectation that a related payment will be received by Agent from an Obligor and such related payment is not received, then Agent may recover such amount from such Secured Party. If Agent determines that an amount received by it must be returned or
paid to an Obligor or any other Person pursuant to Applicable Law or otherwise, then, notwithstanding any other term of any Credit Document, Agent shall not be required to distribute such amount to any Secured Party. If any amounts received and
applied by Agent to any Obligations held by a Secured Party are later required to be returned by Agent pursuant to Applicable Law, such Secured Party shall pay to Agent, on demand, its share of the amounts required to be returned. 

11.11 Individual Capacities. As a Lender, Bank of America shall have the same rights and remedies under the Credit Documents as any
other Lender, and the terms “Lenders”, “Required Lenders”, “Supermajority Lenders” or any similar term shall include Bank of America in its capacity as a Lender. Each of Agent, Lenders and their Affiliates may accept
deposits from, maintain deposits or credit balances for, invest in, lend money to, provide Bank Products to, act as trustee under indentures of, serve as financial or other advisor to, and generally engage in any kind of business with, Obligors and
their Affiliates, as if it were not Agent or a Lender hereunder, without any duty to account therefor (including any fees or other consideration received in connection therewith) to any Secured Party. In their individual capacities, Agent, Lenders
and their Affiliates may receive information regarding Obligors, their Affiliates and their Account Debtors (including information subject to confidentiality obligations), and shall have no obligation to provide such information to any Secured
Party. 
 11.12 Titles. Each Lender, other than Bank of America, that is designated (on the cover page of this Agreement or
otherwise) by Bank of America as an “Arranger”, “Bookrunner” or “Agent” of any type shall have no right, power or duty under any Credit Documents other than those applicable to all Lenders, and shall in no event have
any fiduciary duty to any Secured Party. 

  
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 11.13 Bank Product Providers. Each holder of Bank Product Indebtedness, by delivery of a
notice to Agent of a Bank Product, agrees to be bound by the Credit Documents, including Section 5.5, this Section 11 and Section 13.4.3. Each holder of Bank Product Indebtedness shall indemnify and hold harmless
Agent Indemnitees, to the extent not reimbursed by Obligors, against all Claims that may be incurred by or asserted against any Agent Indemnitee in connection with such provider’s Bank Product Indebtedness. 

11.14 No Third Party Beneficiaries. This Section 11 shall survive Full Payment of the Obligations. This
Section 11 is an agreement solely among Lenders and Agent, and does not confer any rights or benefits upon Obligors or any other Person. As between Obligors (or any Obligor) and Agent, any action that Agent may take under any Credit
Documents or with respect to any Obligations shall be conclusively presumed to have been authorized and directed by Secured Parties. 
  

	SECTION 12.	BENEFIT OF AGREEMENT; ASSIGNMENTS AND PARTICIPATIONS 

 12.1 Successors and
Assigns. This Agreement shall be binding upon and inure to the benefit of Obligors, Agent and Secured Parties and their respective successors and assigns, except that (a) no Obligor shall have the right to assign its rights or delegate its
obligations under any Credit Documents, and (b) any assignment by a Lender must be made in compliance with Section 12.3. Agent may treat the Person which made any Loan as the owner thereof for all purposes until such Person makes an
assignment in accordance with Section 12.3. Any authorization or consent of a Lender shall be conclusive and binding on any subsequent transferee or assignee of such Lender. 

12.2 Participations. 

12.2.1 Permitted Participants; Effect. Subject to Sections 12.3.3, any Lender may sell to a financial
institution (“Participant”) a participating interest in the rights and obligations of such Lender under any Credit Documents. Despite any sale by a Lender of participating interests to a Participant, such Lender’s obligations
under the Credit Documents shall remain unchanged, such Lender shall remain solely responsible to the other parties hereto for performance of such obligations, such Lender shall remain the holder of its Loans and Commitments for all purposes, all
amounts payable by Obligors shall be determined as if such Lender had not sold such participating interests, and Obligors and Agent shall continue to deal solely and directly with such Lender in connection with the Credit Documents. Each Lender
shall be solely responsible for notifying its Participants of any matters under the Credit Documents, and Agent and the other Lenders shall not have any obligation or liability to any such Participant. Each Participant shall be entitled to the
benefits of Section 5.8 (subject to the requirements and limitations therein and Section 5.9 (it being understood that the documentation required under Section 5.9 shall be delivered to the participating Lender))
to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 12.3; provided that such Participant shall not be entitled to receive any greater payment under Section 5.8,
with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the
applicable participation. 
 12.2.2 Voting Rights. Each Lender shall retain the sole right to approve, without the
consent of any Participant, any amendment, waiver or other modification of any Credit Documents other than that which forgives principal, interest or fees, reduces the stated interest rate or fees payable with respect to any Loan or Commitment in
which such Participant has an 

  
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interest, postpones the Commitment Termination Date or any date fixed for any regularly scheduled payment of principal, interest or fees on such Loan or Commitment, or releases any Borrower, any
Guarantor or all or substantially all of the Collateral. 
 12.2.3 Benefit of Set-Off. Obligors agree that each
Participant shall have a right of set-off in respect of its participating interest to the same extent as if such interest were owing directly to a Lender, and each Lender shall also retain the right of set-off with respect to any participating
interests sold by it. By exercising any right of set-off, a Participant agrees to share with Lenders all amounts received through its set-off, in accordance with Section 11.5 as if such Participant were a Lender. 

12.2.4 Participation Register. Each Lender that sells a participation shall, acting as a non-fiduciary agent of
Borrowers (solely for tax purposes), maintain a register in which it enters the Participant’s name, address and interest in Commitments, principal amount of Loans (and stated interest), LC Obligations or other obligations under the Credit
Documents. Entries in the register shall be presumed correct absent manifest error, and such Lender shall treat each Person recorded in the register as the owner of the participation for all purposes of this Agreement, notwithstanding any notice to
the contrary. No Lender shall have an obligation to disclose any information in such register except to the extent necessary to establish that a Participant’s interest is in registered form under the Code. 

12.3 Assignments. 

12.3.1 Permitted Assignments. A Lender may assign to any Eligible Assignee any of its rights and obligations under the
Credit Documents, as long as (a) each assignment is of a constant, and not a varying, percentage of the transferor Lender’s rights and obligations under the Credit Documents and, in the case of a partial assignment, is in a minimum
principal amount of $10,000,000 (unless otherwise agreed by Agent in its discretion) and integral multiples of $1,000,000 in excess of that amount; (b) except in the case of an assignment in whole of a Lender’s rights and obligations, the
aggregate amount of the Commitments retained by the transferor Lender is at least $1,000,000 (unless otherwise agreed by Agent in its discretion); and (c) the parties to each such assignment shall execute and deliver to Agent, for its
acceptance and recording, an Assignment and Acceptance. Nothing herein shall limit the right of a Lender to pledge or assign any rights under the Credit Documents to secure obligations of such Lender, including pledge or assignment to a Federal
Reserve Bank; provided, however, that no such pledge or assignment shall release the assigning Lender from its obligations hereunder nor substitute the pledgee or assignee for such Lender as a party hereto. 

12.3.2 Effect; Effective Date. Upon delivery to Agent of an assignment notice in the form of Exhibit D and a
processing fee of $5,000 (unless otherwise agreed by Agent in its discretion), the assignment shall become effective as specified in the notice, if it complies with this Section 12.3. From such effective date, the Eligible Assignee shall
for all purposes be a Lender under the Credit Documents, and shall have all rights and obligations of a Lender thereunder. Upon consummation of an assignment, the transferor Lender, Agent and Borrowers shall make appropriate arrangements for
issuance of replacement and/or new Notes, if applicable. The transferee Lender shall comply with Section 5.9 and deliver, upon request, an administrative questionnaire satisfactory to Agent. 

12.3.3 Certain Assignees. No assignment or participation may be made to a Borrower or other Obligor, an Affiliate of a
Borrower or other Obligor, a Defaulting Lender or a natural person. Any assignment by a Defaulting Lender shall be effective only upon payment by the Eligible Assignee or Defaulting Lender to Agent of an aggregate amount sufficient, upon

  
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distribution (through direct payment, purchases of participations or other compensating actions as Agent deems appropriate), to satisfy all funding and payment liabilities then owing by such
Defaulting Lender hereunder. If an assignment by a Defaulting Lender shall become effective under Applicable Law for any reason without compliance with the foregoing sentence, then the assignee shall be deemed a Defaulting Lender for all purposes
until such compliance occurs. 
 12.3.4 Register. Agent, acting as a non-fiduciary agent of Borrowers (solely for tax
purposes), shall maintain (a) a copy (or electronic equivalent) of each Assignment and Acceptance delivered to it, and (b) a register for recordation of the names, addresses and Commitments of, and the principal amount of Loans (and stated
interest) and LC Obligations owing to, each Lender. Entries in the register shall be presumed correct absent manifest error, and Borrowers, Agent and Lenders shall treat each Person recorded in such register as a Lender for all purposes under the
Credit Documents, notwithstanding any notice to the contrary. The register shall be available for inspection by Borrowers or any Lender, from time to time upon reasonable notice. 

12.4 Tax Treatment. If any interest in a Credit Document is transferred to a Transferee that is organized under the laws of any
jurisdiction other than the United States or any state or district thereof, the transferor Lender shall cause such Transferee, concurrently with the effectiveness of such transfer, to comply with the provisions of Section 5.9. 

12.5 Representation of Lenders. Each Lender represents and warrants to each Obligor, Agent and other Lenders that none of the
consideration used by it to fund its Loans or to participate in any other transactions under this Agreement constitutes for any purpose of ERISA or Section 4975 of the Code assets of any “plan” as defined in Section 3(3) of ERISA
or Section 4975 of the Code and the interests of such Lender in and under the Credit Documents shall not constitute plan assets under ERISA. 
  

	SECTION 13.	MISCELLANEOUS 

 13.1 Consents, Amendments and Waivers. 

13.1.1 Amendment. 

(a) General. Notwithstanding anything to the contrary contained herein or in any other Credit Document to the contrary,
no amendment or waiver of any provision of this Agreement or any other Credit Document, and no consent to any departure by the any Obligor therefrom, shall be effective except, in the case of this Agreement, pursuant to an agreement or agreements in
writing entered into by MLP Parent, each other Obligor and Required Lenders and delivered to Agent, or, in the case of any other Credit Document, pursuant to an agreement or agreements in writing entered into by Agent and Obligors that are parties
thereto, in each case with the consent of Required Lenders, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that: 

(i) no such amendment, waiver or consent shall, without the written consent of each Lender affected thereby: 

(A) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to the terms
hereof) (it being understood and agreed that a waiver of any condition precedent set forth in Section 6.2 or of any Default or Event of Default or mandatory reduction in the Commitments shall not constitute a change in the terms of any
Commitment of any Lender); 

  
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 (B) postpone any date fixed by this Agreement or any other Credit Document for
any payment of principal, interest, fees or other amounts due to Lenders (or any of them) hereunder or under any other Credit Document (other than optional prepayments) or extend the Revolver Termination Date; 

(C) reduce or forgive the principal of, or the rate of interest specified herein on, any Loan, or any fees or other amounts
payable hereunder or under any other Credit Document; provided, however, that only the consent of Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of Borrowers to
pay interest or to pay the fees set forth in clause (a) of Section 3.2.2 at the Default Rate; or 

(D) impose any greater restriction on the ability of any Lender to assign any of its rights or obligations hereunder; 

(ii) no such amendment, waiver or consent shall, without the written consent of all Lenders: 

(A) alter Section 5.5, Section 2 of the Security Agreement (except to add Collateral or to release
Collateral described therein to the extent the release thereof is permitted by the terms of this Agreement) or this Section 13.1.1; 

(B) amend the definitions of Pro Rata, Required Lenders or Supermajority Lenders or any other provision of this Agreement
specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder; 

(C) increase the total Commitments (other than any increase resulting from an Incremental Revolver Facility incurred pursuant
to Section 2.2); 
 (D) release all or substantially all of the Collateral, except as contemplated by the Credit
Documents; or 
 (E) release any Obligor from liability for any Obligations, if such Obligor is Solvent at the time of the
release, except in connection with the permitted sale, liquidation or dissolution of such Obligor; 
 (iii) no such
amendment, waiver or consent shall, without the consent of the Supermajority Lenders: 
 (A) increase any advance rate
(provided, that Agent may increase any advance rate which it had previously reduced back to the advance rate in effect on the Closing Date or to an intermediate value); 

  
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 (B) amend the definition of Borrowing Base or any of the defined terms used
directly or indirectly in such definition in a manner such that Availability would be higher after giving effect to such amendment; or 

(C) subordinate (other than release) any of the Obligations or any Liens securing any of the Obligations; 

(iv) no amendment, waiver or consent shall, unless in writing and signed by Issuing Bank in addition to Lenders required by
the applicable provisions of clause (i), (ii) or (iii) above, affect the LC Obligations, the rights or duties of Issuing Bank under this Agreement, including Section 2.3, or any LC Document; 

(v) no amendment, waiver or consent shall, unless in writing and signed by Agent in addition to Lenders required by the
applicable provisions of clause (i), (ii) or (iii) above, affect the rights or duties of Agent under this Agreement or any other Credit Document; and 

(vi) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties
thereto. 
 (b) Supplements to Certain Schedules. Notwithstanding anything to the contrary contained herein or in any
other Credit Document to the contrary, each of Schedule 1.1B (Pipeline Delivery Points) and Schedule 1.1C (Marked-to-Market Basis) to this Agreement may be supplemented from time to time by the written agreement of Borrower
Agent and Agent in connection with the consummation of a Permitted Acquisition and, in the event of any such agreement, the supplemental information so agreed to between Borrower Agent and Agent shall be deemed to be a part of each such Schedule so
supplemented for all purposes of this Agreement. 
 13.1.2 Limitations. The agreement of Obligors shall not be
necessary to the effectiveness of any modification of a Credit Document that deals solely with the rights and duties of Lenders, Agent and/or Issuing Bank as among themselves. Only the consent of the parties to any agreement relating to a Bank
Product shall be required for any modification of such agreement, and no Affiliate of a Lender that is party to a Bank Product agreement shall have any other right to consent to or participate in any manner in modification of any other Credit
Document. The making of any Loans during the existence of a Default or Event of Default shall not be deemed to constitute a waiver of such Default or Event of Default, nor to establish a course of dealing. Any waiver or consent granted by Agent or
Lenders hereunder shall be effective only if in writing, and then only in the specific instance and for the specific purpose for which it is given. 

13.1.3 Payment for Consents. No Obligor will, directly or indirectly, pay any remuneration or other thing of value,
whether by way of additional interest, fee or otherwise, to any Lender (in its capacity as a Lender hereunder) as consideration for agreement by such Lender with respect to any modification of any Credit Documents, unless such remuneration or value
is concurrently paid, on the same terms, on a Pro Rata basis to all Lenders providing their consent. 
 13.2 General Indemnity.
Obligors shall indemnify each Indemnitee (and any sub agent of Agent) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of one
outside counsel for Agent 

  
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(plus one local counsel for Agent in each jurisdiction of formation or organization of any Obligor), and one outside counsel retained by Lenders or any steering committee or similar group acting
on behalf of Lenders as a group (and such additional counsel as Agent, any Lender, any group of Lenders or any such steering committee determines in good faith are necessary in light of actual or potential conflicts of interest or the availability
of different claims or defenses)) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by any Borrower or any other Obligor arising out of, in connection with, or as a result of (i) the execution or delivery of
this Agreement, any other Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated
hereby or thereby, or, in the case of Agent Indemnitees only, the administration of this Agreement and the other Credit Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by
Issuing Bank to honor a demand for payment under any Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of the Letter of Credit), (iii) any actual or alleged presence or release of
Hazardous Materials on or from any property owned or operated by any Obligor, or any Environmental Liability related in any way to any Obligor, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of
the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by any Borrower or any other Obligor, and regardless of whether any Indemnitee is a party thereto, in all cases, whether or not caused by or
arising, in whole or in part, out of the comparative, contributory or sole negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, (A) be available to the extent that such losses, claims, damages,
liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result from a claim
brought by a Borrower or any other Obligor against an Indemnitee for material breach or breach in bad faith of such Indemnitee’s obligations hereunder or under any other Credit Document, if such Borrower or such Obligor has obtained a final and
nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction or (B) include any allocated costs of internal counsel for any such Indemnitee. This Section 13.2 shall not apply with respect to
Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. The liability for Taxes (including Other Taxes incurred as a result of the execution, delivery, issuance or recording of any Credit
Documents or the creation or repayment of any Obligations) shall be determined in accordance with the provisions of Sections 5.8 and 5.9. 

13.3 Reimbursement by Lenders. To the extent that Obligors for any reason fail to indefeasibly pay any amount required under
Section 13.2 to be paid by them to any Indemnitee, each Lender severally agrees to pay to such Indemnitee such Lender’s Pro Rata portion (determined as of the time that the applicable unreimbursed expense or indemnity payment is
sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against Agent (or any such sub-agent) or Issuing Bank in
its capacity as such, or against any Related Party of any of the foregoing acting for Agent (or any such sub-agent) or Issuing Bank in connection with such capacity. 

13.4 Notices and Communications. 

13.4.1 Notices Generally. Except in the case of notices and other communications expressly permitted to be given by
telephone (and except as provided in Section 13.4.2 below), subject to Section 13.4.4, all notices, demands and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier
service, mailed by certified or registered mail or sent by telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(a) if to any Obligor, Agent or Issuing Bank, to the address, telecopier number, electronic mail address or telephone number
specified for such Person on the signature pages hereto; and 
 (b) if to any other Lender, to the address, telecopier
number, electronic mail address or telephone number specified for such Person on the signature pages hereto or, in the case of a Person who becomes a Lender after the Closing Date, at the address shown on its Assignment and Acceptance. 

  
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 Notices sent by hand or overnight courier service, or mailed by certified or registered mail,
shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of
business on the next business day for the recipient). Notices delivered through electronic communications to the extent provided in Section 13.4.2 shall be effective as provided in such Section. Notwithstanding the foregoing, no notice
to Agent pursuant to Section 2.1.3, 2.3, 3.1.2 or 4.1.1 shall be effective until actually received by the individual to whose attention at Agent such notice is required to be sent. Any notice received by Borrower Agent shall be
deemed received by all Borrowers and other Obligors. 
 13.4.2 Electronic Communications. 

Notices and other communications to Lenders and Issuing Bank hereunder may be delivered or furnished by electronic
communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by Agent. Agent, any Obligor or Borrower Agent may, in its discretion, agree to accept notices and other communications to it hereunder by electronic
communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. Unless otherwise agreed by Agent, electronic mail and internet websites may be used only
for routine communications, such as delivery of Obligor Materials, administrative matters, distribution of Credit Documents and matters permitted under Section 4.1.4. Voice mail may not be used as effective notice under the Credit
Documents. 
 Unless Agent otherwise prescribes, (a) notices and other communications sent to an e-mail address shall be
deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if
such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient, and
(b) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (a) of notification that
such notice or communication is available and identifying the website address therefor. Notices given to Agent by electronic mail or submitted through Agent’s website shall be deemed to have been given in writing. 

13.4.3 The Platform. Obligor Materials shall be delivered pursuant to procedures approved by Agent, including electronic
delivery (if possible) upon request by Agent to an electronic system maintained by Agent (“Platform”). Borrower Agent shall notify Agent of each posting of Obligor Materials on the Platform and the materials shall be deemed received
by Agent only upon its receipt of such notice. Obligor Materials and other information relating to this Agreement may be made available to Secured Parties on the Platform (and, upon request made by any Lender to Agent, shall be made available by
Agent to such Lender on the Platform or as 

  
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Agent may otherwise determine in its discretion), and Obligors and Secured Parties acknowledge that “public” information is not segregated from material non-public information on the
Platform. The Platform is provided “as is” and “as available.” Agent does not warrant the accuracy or completeness of any information on the Platform nor the adequacy or functioning of the Platform, and expressly disclaims
liability for any errors or omissions in the Obligor Materials or any issues involving the Platform. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE,
NON-INFRINGEMENT OF THIRD PARTY RIGHTS, OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY AGENT WITH RESPECT TO OBLIGOR MATERIALS OR THE PLATFORM. Secured Parties acknowledge that Obligor Materials may include material non-public information
of Obligors and should not be made available to any personnel who do not wish to receive such information or who may be engaged in investment or other market-related activities with respect to any Obligor’s securities. No Agent Indemnitee shall
have any liability to Obligors, Secured Parties or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) relating to use by any Person of the Platform or delivery of Obligor
Materials and other information through the Platform or over the internet, except to the extent that such losses, claims, damages, liabilities or expenses (a) are determined by a court of competent jurisdiction by final and non-appealable
judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (b) result from a claim brought by an Obligor against such Indemnitee for material breach or breach in bad faith of such Indemnitee’s
obligations hereunder relating to such use or delivery, in each case if such Obligor has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction; provided, however, that in no event
shall any Agent Indemnitee have any liability for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). 

13.4.4 Change of Address, Etc. Each of Obligors, Agent and Issuing Bank may change its address, telecopier or telephone
number for notices and other communications hereunder by notice to the other parties hereto in accordance with this Section 13.4. Each other Lender may change its address, telecopier or telephone number for notices and other
communications hereunder by notice to Borrower Agent, Agent and Issuing Bank in accordance with this Section 13.4. In addition, each Lender agrees to notify Agent from time to time to ensure that Agent has on record (a) an effective
address, contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (b) accurate wire instructions for such Lender. 

13.4.5 Reliance by Agent, Issuing Bank and Lenders. Agent, Issuing Bank and Lenders shall be entitled to rely and act
upon any notices (including telephonic Notices of Borrowing) purportedly and believed in good faith to have been given by or on behalf of Borrower Agent or Obligors (or any Obligor) even if (a) such notices were not made in a manner specified
herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (b) the terms thereof, as understood by the recipient, varied from any confirmation thereof. Borrowers shall indemnify Agent, Issuing
Bank, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of any Borrower Agent or any Obligor;
provided that such indemnity shall not, as to any such Indemnitee, (i) be available to the extent that such losses, costs or expenses (A) are determined by a court of competent jurisdiction by final and nonappealable judgment to
have resulted from the gross negligence or willful misconduct of such Indemnitee or (B) result from a claim brought by a Borrower or any other Obligor against such Indemnitee for material breach or breach in bad faith of such Indemnitee’s
obligations hereunder or under any other Credit Document, if such Borrower or such Obligor has obtained a final and 

  
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nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction, or (ii) include any allocated costs of internal counsel for any such Indemnitee. All
telephonic notices to and other telephonic communications with Agent may be recorded by Agent, and each of the parties hereto hereby consents to such recording. 

13.4.6 Non-Conforming Communications. Agent and Lenders may rely in good faith upon any notices (including telephonic
communications) purportedly given by or on behalf of Borrower Agent or any Obligor even if such notices were not made in a manner specified herein, were incomplete or were not confirmed, or if the terms thereof, as understood by the recipient,
varied from a later confirmation. Each Borrower shall indemnify and hold harmless each Indemnitee from any liabilities, losses, costs and expenses arising from any electronic or telephonic communication purportedly given by or on behalf of Borrower
Agent or any Obligor; provided that such indemnity shall not, as to any such Indemnitee, (a) be available to the extent that such liabilities, losses, costs or expenses (i) are determined by a court of competent jurisdiction by
final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (ii) result from a claim brought by a Borrower or any other Obligor against such Indemnitee for material breach or breach in
bad faith of such Indemnitee’s obligations hereunder or under any other Credit Document, if such Borrower or such Obligor has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent
jurisdiction, or (b) include any allocated costs of internal counsel for any such Indemnitee. 
 13.5 Performance of Borrowers’
Obligations. Agent may, in its discretion at any time and from time to time, at Borrowers’ expense, pay any amount or do any act required of a Borrower or other Obligor under any Credit Documents or otherwise lawfully requested by Agent to
(a) enforce any Credit Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of Agent’s Liens in any Collateral; including any
payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent under this Section shall be
reimbursed to Agent by Borrowers, on demand, with interest from the date incurred to the date of payment thereof at the interest rate (including, if applicable, the Default Rate) applicable to Base Rate Revolver Loans. Any payment made or
action taken by Agent under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Credit Documents. 

13.6 Credit Inquiries. Each Obligor hereby authorizes Agent and Lenders (but they shall have no obligation) to respond to usual and
customary credit inquiries from third parties concerning any Obligor or Subsidiary. 
 13.7 Severability. If any provision of this
Agreement or the other Credit Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Credit Documents shall not be affected or
impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal,
invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

13.8 Cumulative Effect; Conflict of Terms. The provisions of the Credit Documents are cumulative. The parties acknowledge that the
Credit Documents may use several different limitations, tests or measurements to regulate the same or similar matters, and they agree that these are cumulative and that each must be performed as provided. Except as otherwise specifically provided in
another Credit Document (by specific reference to the applicable provision of this Agreement), if any provision contained herein is in direct conflict with any provision in another Credit Document, the provision herein shall govern and control. 

  
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 13.9 Counterparts; Facsimile Signatures. Any Credit Document may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Except as provided in Section 6.1, this
Agreement shall become effective when it shall have been executed by Agent and when Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of a signature page of any
Credit Document by telecopy or other electronic means shall be effective as delivery of a manually executed counterpart of such agreement. Any electronic signature, contract formation on an electronic platform and electronic record-keeping shall
have the same legal validity and enforceability as a manually executed signature or use of a paper-based recordkeeping system to the fullest extent permitted by Applicable Law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act, or any similar state law based on the Uniform Electronic Transactions Act. 

Agent may require confirmation by a manually-signed original, but failure to request or deliver same shall not limit the effectiveness of any
facsimile signature. 
 13.10 Time of the Essence. Time is of the essence with respect to all Credit Documents and Obligations. 

13.11 Obligations of Lenders. The obligations of each Lender hereunder are several, and no Lender shall be responsible for the
obligations or Commitment of any other Lender. Amounts payable hereunder to each Lender shall be a separate and independent debt, and each Lender shall be entitled, to the extent not otherwise restricted hereunder, to protect and enforce its rights
arising out of the Credit Documents. It shall not be necessary for Agent or any other Lender to be joined as an additional party in any proceeding for such purposes. Nothing in this Agreement and no action of Agent, Lenders or any other Secured
Party pursuant to the Credit Documents or otherwise shall be deemed to constitute Agent and any Lenders or other Secured Parties to be a partnership, association, joint venture or similar arrangement, nor to constitute control of any Obligor. Each
Obligor acknowledges and agrees that, in connection with all aspects of any transaction contemplated by the Credit Documents, Obligors, Agent, Issuing Bank and Lenders have an arms-length business relationship
that creates no fiduciary duty on the part of Agent, Issuing Bank or any Lender, and each Obligor, Agent, Issuing Bank and Lender expressly disclaims any fiduciary relationship. 

13.12 Confidentiality. Each of Agent, Lenders and Issuing Bank agrees to maintain the confidentiality of the Information (as defined
below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and representatives (it being understood that the Persons to whom
such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any governmental, regulatory or self-regulatory authority purporting
to have jurisdiction over it or its Affiliates, (c) to the extent required by Applicable Laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any
remedies hereunder or under any other Credit Document or any action or proceeding relating to this Agreement or any other Credit Document or Obligations or the enforcement of rights hereunder or thereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, (ii) any actual or
prospective provider (or its advisors) of any Bank Product (other than such a provider of Interest Rate Swaps) relating to any Obligor and its obligations, or (iii) any direct, indirect, actual or prospective counterparty (and its advisors) to
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Agreement, (g) with the consent of Borrower Agent or Borrowers, or (h) to the extent such Information (i) is publicly available other than as a result of a breach of this Section
or (ii) becomes available to Agent, any Lender, Issuing Bank or any of their respective Affiliates on a nonconfidential basis from a source other than an Obligor. Notwithstanding the foregoing, Agent and Lenders may publish or disseminate
general information concerning this credit facility for league table, tombstone and advertising purposes, and may use Obligors’ logos, trademarks or product photographs in advertising materials. 

For purposes of this Section, “Information” means all information received from or on behalf of any Consolidated Party
relating to any Consolidated Party or other Obligor or any of their respective securities or businesses, other than any such information that is available to Agent, any Lender or Issuing Bank on a nonconfidential basis prior to disclosure by such
Consolidated Party, provided that, in the case of information received from any Consolidated Party after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the
confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised a degree of care to maintain the confidentiality of such Information similar to that accorded
to its own confidential information. 
 Each of Agent, Lenders, Issuing Bank and Secured Parties acknowledges that (A) the Information
may include material non-public information concerning Consolidated Parties or any other Obligor, as the case may be, (B) it has developed compliance procedures regarding the use of material non-public information, and (C) it will handle
such material non-public information in accordance with Applicable Law, including federal and state securities laws. 
 13.13 GOVERNING
LAW. THIS AGREEMENT AND, UNLESS OTHERWISE EXPRESSLY PROVIDED IN SUCH OTHER CREDIT DOCUMENT, THE OTHER CREDIT DOCUMENTS AND ALL CLAIMS SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES
EXCEPT FEDERAL LAWS RELATING TO NATIONAL BANKS. 
 13.14 SUBMISSION TO JURISDICTION; WAIVER OF VENUE OBJECTION; SERVICE OF PROCESS.

 13.14.1 SUBMISSION TO JURISDICTION. 

EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE
COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY DISPUTE, ACTION, LITIGATION OR OTHER PROCEEDING ARISING OUT OF
OR RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE
HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE
ENFORCED IN OTHER JURISDICTION BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER CREDIT DOCUMENT SHALL AFFECT ANY RIGHT THAT AGENT, ANY 

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page 142 

 
LENDER OR ISSUING BANK MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT AGAINST ANY BORROWER OR ANY OTHER OBLIGOR OR ITS PROPERTIES IN
THE COURTS OF ANY JURISDICTION. 
 13.14.2 WAIVER OF VENUE OBJECTION. 

EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT
IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT IN ANY COURT REFERRED TO IN SECTION 13.14.1. EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT BASED ON INCONVENIENT FORUM OR LACK OF PERSONAL JURISDICTION. 

13.14.3 SERVICE OF PROCESS. 

EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 13.4. NOTHING
IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 
 13.15
Waivers by Obligors. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH OBLIGOR WAIVES (A) THE RIGHT TO TRIAL BY JURY (WHICH AGENT AND EACH LENDER HEREBY ALSO WAIVES) IN ANY PROCEEDING, CLAIM OR COUNTERCLAIM OF ANY KIND RELATING IN
ANY WAY TO ANY LOAN DOCUMENTS, OBLIGATIONS OR COLLATERAL; (b) presentment, demand, protest, notice of presentment, default, non-payment, maturity, release, compromise, settlement, extension or renewal of any commercial paper, accounts, contract
rights, documents, instruments, chattel paper and guaranties at any time held by Agent on which an Obligor may in any way be liable, and hereby ratifies anything Agent may do in this regard; (c) notice prior to taking possession or control of
any Collateral; (d) any bond or security that might be required by a court prior to allowing Agent to exercise any rights or remedies; (e) the benefit of all valuation, appraisement and exemption laws; (f) any claim against any
Indemnitee, on any theory of liability, for special, indirect, consequential, exemplary or punitive damages (as opposed to direct or actual damages) in any way relating to any Enforcement Action, Obligations, Credit Documents or transactions
relating thereto; and (g) notice of acceptance hereof. Each Obligor acknowledges that the foregoing waivers are a material inducement to Agent, Issuing Bank and Lenders entering into this Agreement and that Agent, Issuing Bank and Lenders are
relying upon the foregoing in their dealings with Obligors. Each party hereto has reviewed the foregoing waivers with its legal counsel and has knowingly and voluntarily waived its jury trial and other rights following consultation with legal
counsel. In the event of litigation, this Agreement may be filed as a written consent to a trial by the court. 
 13.16 Patriot Act
Notice. Agent and Lenders hereby notify each Obligor that, pursuant to the requirements of the Patriot Act, Agent and Lenders are required to obtain, verify and record information that identifies each Obligor, including its legal name, address,
tax ID number and other information that will allow Agent and Lenders to identify it in accordance with the Patriot Act. Agent and Lenders will also require information regarding each personal guarantor, if any, and may require information regarding
each Obligor’s management and owners, such as legal name, address, social security number and date of 

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page 143 

 
birth. Obligors shall, promptly upon request, provide all documentation and other information as Agent, Issuing Bank or any Lender may request from time to time in order to comply with any
obligations under any “know your customer,” anti-money laundering or other requirements of Applicable Law. 
 13.17 Replacement
of Certain Lenders. Upon the occurrence of any event or circumstance described in Section 3.7.2 with respect to any Lender, then Borrowers may, at the sole expense and effort of Borrowers, upon notice to such Lender and Agent,
require such Lender to promptly assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 12.3), all of its interests, rights and obligations under this
Agreement and the related Credit Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: 

(a) Borrowers shall have paid to Agent the assignment fee specified in Section 12.3.2; 

(b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder and under the other Credit Documents (including any amounts under Section 3.8) from the assignee (to the extent of such outstanding principal and accrued interest and
fees) or Borrowers (in the case of all other amounts); 
 (c) in the case of any such assignment resulting from a claim for
compensation under Section 3.6 or payments required to be made pursuant to Section 5.8, such assignment will result in a reduction in such compensation or payments thereafter; 

(d) such assignment does not conflict with Applicable Laws; and 

(e) in the case of any such assignment by a Non-Consenting Lender, the applicable amendment, modification and/or waiver of this
Agreement that Borrowers have requested shall become effective upon giving effect to such assignment (and any related assignments required to be effected in connection therewith in accordance with this Section 13.17). 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the
circumstances entitling Borrowers to require such assignment and delegation cease to apply. 
 13.18 Subordination. Each Obligor
hereby subordinates any claims, including any rights at law or in equity, to payment (including in respect of intercompany Indebtedness among Obligors and Restricted Subsidiaries (the “Intercompany Debt”)), subrogation,
reimbursement, exoneration, contribution, indemnification or set off, that it may have at any time against any other Obligor, howsoever arising, to the Full Payment of all Obligations. Notwithstanding any provision of this Agreement to the contrary,
provided that no Event of Default has occurred and is continuing, Obligors may make and receive payments with respect to the Intercompany Debt, including the fees, allocated overhead, prepayments and repayments of indebtedness and interest thereon,
to the extent not otherwise prohibited by this Agreement; provided, that in the event of and during the continuation of any Event of Default, no payment shall be made by or on behalf of any Obligor on account of any Intercompany Debt except
pursuant to the customary operation of a consolidated cash management system. In the event that any Obligor receives any payment of any Intercompany Debt at a time when such payment is prohibited by this Section 13.18, such payment shall
be held by such Obligor in trust for the benefit of, and shall be paid forthwith over and delivered, upon written request, to, Agent. 

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page 144 

 13.19 No Advisory or Fiduciary Relationship. In connection with all aspects of each
transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Credit Document), each Obligor acknowledges and agrees, and acknowledges its Affiliates’ understanding, that:
(a)(i) the arranging and other services regarding this Agreement provided by Agent and Arrangers are arm’s-length commercial transactions between such Obligor and its Affiliates, on the one hand, and Agent and Arrangers, on the other hand,
(ii) each Obligor has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (iii) each Obligor is capable of evaluating, and understands and accepts, the terms, risks and conditions
of the transactions contemplated hereby and by the other Credit Documents; (b)(i) each of Agent and Arrangers is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not and
will not be acting as an advisor, agent or fiduciary, for any Obligor or any of its respective Affiliates or any other Person and (ii) neither Agent nor any Arranger has any obligation to any Obligor or any of its Affiliates with respect to the
transactions contemplated hereby except those obligations expressly set forth herein and in the other Credit Documents; and (c) Agent and Arrangers and their respective Affiliates may be engaged in a broad range of transactions that involve
interests that differ from those of Obligors and their Affiliates, and neither Agent nor any Arranger has any obligation to disclose any of such interests to Obligors or their Affiliates. To the fullest extent permitted by Applicable Law, each
Obligor hereby waives and releases any claims that it may have against Agent or any Arranger with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

13.20 ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS REPRESENT THE ENTIRE FINAL AGREEMENT AMONG THE PARTIES WITH
RESPECT TO THE SUBJECT MATTER HEREOF AND THEREOF AND SUPERSEDE AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN OR AMONG THE PARTIES. 

13.21 Amendment and Restatement, etc. 

(a) Upon the effectiveness of this Agreement and effective as of the Closing Date, this Agreement shall constitute an amendment
and restatement of, but not an extinguishment of any of the “Loans” (as defined in the Existing Credit Agreement), “Obligations” (as defined in the Existing Credit Agreement) or other indebtedness, liabilities and/or obligations
of any one or more of Obligors under, the Existing Credit Agreement. 
 (b) Obligors represent and warrant to Agents and
Lenders, and the parties hereto agree, that this Agreement is a “Working Capital Credit Agreement” as defined in, and for all purposes of, the Hedge Intercreditor Agreement. 

13.22 Ratification of Existing Liens and IP License. Each of Obligors hereby (a) ratifies, confirms and reaffirms any and all
Liens that it previously granted to Agent pursuant to the “Credit Documents” (as defined in the Existing Credit Agreement) to the extent that (i) such Obligor continues to have an interest in the property or assets in which any such
Lien was granted and (ii) such Lien is required hereunder or under a Collateral Document to be granted to Agent, (b) acknowledges an agrees that none of such Liens has expired or has been terminated or released, except if and to the
extent, if any, expressly provided in such “Credit Documents” or as may have been previously and expressly terminated or released by Agent, and (c) acknowledges and agrees that each of such Liens is valid and enforceable in accordance
with its terms and continues in full force and effect to secure the payment and performance of the Obligations. Each of Obligors hereby (i) ratifies, confirms and reaffirms all of its obligations under the IP License, (ii) acknowledges and
agrees that (A) none of such obligations has expired or has been 

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page 145 

 
terminated or released, (B) the term “Credit Agreement” as used therein includes this Agreement, and (C) the term “Liens” referred to therein includes each Lien and
all Liens created or granted pursuant to the Collateral Documents, and (iii) acknowledges and agrees that each of such obligations is valid and enforceable in accordance with its terms and continues in full force and effect in favor of Agent
and Lenders. 
 13.23 Assignments between and among Lenders. On the Closing Date and concurrently with but immediately prior to the
effectiveness of this Agreement, Lenders shall, at the direction of Agent and between and/or among Lenders as Agent may direct, make assignments, at par value, of the outstanding loans, letters of credit and commitments under the Existing Credit
Agreement as appropriate to ensure that all Loans, Letters of Credit and Commitments under this Agreement are, as of the Closing Date, consistent with the respective Commitments of Lenders as set forth on Schedule 1.1A hereto. 

[Remainder of page intentionally left blank; signatures begin on following page] 

  
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT – Page 146 

 IN WITNESS WHEREOF, this Agreement has been executed and delivered as of the date set
forth above. 
  

			
	BORROWERS:
	
	CALUMET SPECIALTY PRODUCTS PARTNERS, L.P., as a Borrower
		
	By:	 	Calumet GP, LLC, its general partner
		
	By:	 	 /s/ R. Patrick Murray

	Name:	 	R. Patrick Murray, II
	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
							
	CALUMET LP GP, LLC,
	as a Borrower
		
	By:	 	Calumet Operating, LLC, its sole member
			
		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
				
		 		 	By:	 	Calumet GP, LLC, its general partner
				
		 		 	By:	 	 /s/ R. Patrick Murray

		 		 	Name:	 	R. Patrick Murray, II
		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
					
	CALUMET OPERATING, LLC,
	as a Borrower
		
	By:	 	Calumet Specialty Products Partners, L.P., its sole member
			
		 	By:	 	Calumet GP, LLC, its general partner
			
		 	By:	 	 /s/ R. Patrick Murray

		 	Name:	 	R. Patrick Murray, II
		 	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
									
	CALUMET LUBRICANTS CO., LIMITED
	PARTNERSHIP, as a Borrower
		
	By:	 	Calumet LP GP, LLC, its general partner
			
		 	By:	 	Calumet Operating, LLC, its sole member
				
		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
					
		 		 		 	By:	 	Calumet GP, LLC, its general partner
					
		 		 		 	By:	 	 /s/ R. Patrick Murray

		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
											
	CALUMET SHREVEPORT LUBRICANTS & WAXES, LLC,
	as a Borrower
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	 /s/ R. Patrick Murray

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
											
	CALUMET SHREVEPORT FUELS, LLC,
	as a Borrower
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	 /s/ R. Patrick Murray

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	CALUMET SALES COMPANY INCORPORATED,
	as a Borrower
		
	By:	 	 /s/ R. Patrick Murray

	Name:	 	R. Patrick Murray, II
	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
											
	CALUMET PENRECO, LLC,
	as a Borrower
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	 /s/ R. Patrick Murray

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	CALUMET FINANCE CORP.,
	as a Borrower
		
	By:	 	 /s/ R. Patrick Murray

	Name:	 	R. Patrick Murray, II
	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
											
	CALUMET SUPERIOR, LLC,
	as a Borrower
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	 /s/ R. Patrick Murray

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
											
	CALUMET MISSOURI, LLC,
	as a Borrower
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	 /s/ R. Patrick Murray

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
											
	CALUMET PACKAGING, LLC,
	as a Borrower
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	 /s/ R. Patrick Murray

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
											
	ROYAL PURPLE, LLC,
	as a Borrower
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	 /s/ R. Patrick Murray

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
											
	CALUMET MONTANA REFINING, LLC,
	as a Borrower
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	 /s/ R. Patrick Murray

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
													
	CALUMET SAN ANTONIO REFINING, LLC,
	as a Borrower
		
	By:	 	Calumet Shreveport Fuels, LLC, its sole member
			
		 	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
				
		 		 	By:	 	Calumet LP GP, LLC, its general partner
					
		 		 		 	By:	 	Calumet Operating, LLC, its sole member
						
		 		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
							
		 		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
							
		 		 		 		 		 	By:	 	 /s/ R. Patrick Murray

		 		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
											
	BEL-RAY COMPANY, LLC,
	as a Borrower
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	 /s/ R. Patrick Murray

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	KURLIN COMPANY, INC.,
	as a Borrower
		
	By:	 	 /s/ R. Patrick Murray

	Name:	 	R. Patrick Murray, II
	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	WELD CORPORATION,
	as a Borrower
		
	By:	 	 /s/ R. Patrick Murray

	Name:	 	R. Patrick Murray, II
	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	ADF HOLDINGS, INC.,
	as a Borrower
		
	By:	 	 /s/ R. Patrick Murray

	Name:	 	R. Patrick Murray, II
	Title:	 	Senior Vice President, Chief Financial Officer and Secretary

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	ANCHOR DRILLING FLUIDS USA, INC.,
	as a Borrower
		
	By:	 	 /s/ R. Patrick Murray

	Name:	 	R. Patrick Murray, II
	Title:	 	Senior Vice President,
		 	Chief Financial Officer and Secretary

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

 [Signature Page to Second Amended and Restated Credit Agreement] 

 
											
	CALUMET NORTH DAKOTA, LLC,
	as a Borrower
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	 /s/ R. Patrick Murray

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  

			
	Address:
	2780 Waterfront Parkway East Drive, Suite 200
	Indianapolis, Indiana 46214
	Attention:	 	R. Patrick Murray, II
		 	Senior Vice President and Chief Financial Officer
	Telecopy:	 	317-328-5676

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

							
	AGENT AND LENDERS:	 		 	 BANK OF AMERICA, N.A.,
 as
Agent, a Lender and an Issuing Bank

				
		 		 	By:	 	 /s/ Hance VanBeber

		 		 	Name:	 	Hance VanBeber
		 		 	Title:	 	Senior Vice President
				
		 		 	Address:	 	
		 		 		 	 Bank of America, N.A.
 901 Main Street, 11th
Floor
 Dallas, Texas 75202
 Mail Code: TX1-492-11-23

Attention:  Hance VanBeber

Telecopy:  214-209-4766

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as Co-Syndication agent and a Lender
		
	By:	 	 /s/ Mark Bradford

	Name:	 	Mark Bradford
	Title:	 	Duly Authorized Signatory
		
	Address:	 	
		 	 Wells Fargo Capital Finance, LLC
 301 S. College
Street
 Charlotte, NC 28202
 Attention:  Mark
Bradford
 Telecopy:  866-609-9140

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	JPMORGAN CHASE BANK, N.A.,
	as Co-Syndication Agent and a Lender
		
	By:	 	 /s/ Christy West

	Name:	 	 Christy West

	Title:	 	 Authorized Officer

		
	Address:	 	
		 	JPMorgan Chase Bank, N.A.
		 	2200 Ross Ave., 9th Floor
		 	TX1-2921
		 	Dallas, TX 75201
		 	Attention:  Christy West
		 	Telecopy:  214-965-2594

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as a Lender
		
	By:	 	 /s/ Chris Chapman

	Name:	 	 Chris Chapman

	Title:	 	 Director

		
	By:	 	 /s/ Vanuza Pereira-Bravo

	Name:	 	 Vanuza Pereira-Bravo

	Title:	 	 AVP

		
	Address:	 	
		 	Deutsche Bank Trust Company Americas
		 	Structured Commodity Trade Finance-Americas
		 	60 Wall Street
		 	New York, NY 10005-2836
		 	Attention:  Chris Chapman
		 	Telecopy:  646-358-4674

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	PNC BANK, NATIONAL ASSOCIATION,
	as Co-Documentation Agent and a Lender
		
	By:	 	 /s/ Bryan Shia

	Name:	 	 Bryan Shia

	Title:	 	 Senior Vice President

		
	Address:	 	
		 	PNC Bank, National Association
		 	Two Tower Center Boulevard 21st Floor
		 	East Brunswick, NJ 08816
		 	Attention:  Chan Gong
		 	Telecopy:  732-220-3248

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	U.S. BANK NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Christopher J. Schaaf

	Name:	 	 Christopher J. Schaaf

	Title:	 	 Senior Vice President

		
	Address:	 	
		 	800 Nicollet Mall, Mailstation H04B
		 	Minneapolis, MN 55402
		 	Attention:  Chris Schaaf
		 	Telecopy:  612-303-3521

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	REGIONS BANK, as a Lender
		
	By:	 	 /s/ Stephen J. McGreevy

	Name:	 	 Stephen J. McGreevy

	Title:	 	 Managing Director

		
	Address:	 	
		 	Regions Bank
		 	201 Milan Pkwy
		 	ALBH70109A
		 	Birmingham, AL 35211
		 	Attention:  Valencia M. Jackson
		 	Telecopy:  205-261-7069

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	BARCLAYS BANK PLC, as a Lender
		
	By:	 	 /s/ Alicia Borys

	Name:	 	 Alicia Borys

	Title:	 	 Vice President

		
	Address:	 	
		 	Barclays Bank PLC
		 	70 Hudson Street
		 	Jersey City, NJ 07302
		 	Attention:  US Loan Operations
		 	Telecopy:  972-535-5728

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	NATIXIS, as a Lender
		
	By:	 	 /s/ Jarrett C. Price

	Name:	 	 Jarrett C. Price

	Title:	 	 Vice President

		
	By:	 	 /s/ Stuart Murray

	Name:	 	 Stuart Murray

	Title:	 	 Managing Director

		
	Address:	 	
		 	1251 Avenue of the Americas, 5th Floor
		 	New York, New York 10020
		 	Attention:  Martha Sealy, Loan Services
		 	Telecopy:  201-761-6933

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	COMPASS BANK, as a Lender
		
	By:	 	 /s/ Michael Sheff

	Name:	 	 Michael Sheff

	Title:	 	 Senior Vice President

		
	Address:	 	
		 	8080 North Central Expressway
		 	Suite 1500
		 	Dallas, Texas 75206
		 	Attention:  Michael Sheff
		 	Telecopy:  214-706-8059

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	GOLDMAN SACHS BANK USA, as a Lender
		
	By:	 	 /s/ Mark Walton

	Name:	 	 Mark Walton

	Title:	 	 Authorized Signatory

		
	Address:	 	
		 	200 West Street
		 	New York, New York 10282
		 	Attention:  Mark Walton
		 	Telecopy:  212-493-0570

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	ROYAL BANK OF CANADA, as a Lender
		
	By:	 	 /s/ Jay T. Sartain

	Name:	 	 Jay T. Sartain

	Title:	 	 Authorized Signatory

		
	Address:	 	
		 	Royal Bank of Canada – WFC Branch
		 	Three World Financial Center
		 	200 Vesey Street
		 	New York, NY 10281-8098
		 	Attn: US Specialized Service Officer
		 	Telecopy: 212-428-2372

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	SIEMENS FINANCIAL SERVICES, as a Lender
		
	By:	 	 /s/ Jeffrey B. Iervese

	Name:	 	 Jeffrey B. Iervese

	Title:	 	 Vice President

		
	By:	 	 /s/ Sonia Vargas

	Name:	 	 Sonia Vargas

	Title:	 	 Senior Loan Closer

		
	Address:	 	
		 	170 Wood Avenue South
		 	Iselin, New Jersey 08830
		 	Attn: Jeffrey B. Iervese
		 	Telecopy: 732-476-3567

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	BMO HARRIS BANK, N.A., as a Lender
		
	By:	 	 /s/ Jason Hoefler

	Name:	 	 Jason Hoefler

	Title:	 	 Director

		
	Address:	 	
		 	BMO Harris Bank, N.A.
		 	111 West Monroe, 20E
		 	Chicago, IL 60603
		 	Attn: Michael Scolaro
		 	Telecopy: 312-765-1641

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 
			
	THE BANK OF TOKYO-MITSUBISHI UFJ, as a Lender
		
	By:	 	 /s/ Mark Oberreuteiz

	Name:	 	 Mark Oberreuteiz

	Title:	 	 Vice President

		
	Address:	 	
		 	BTMU Operations Office for the Americas
		 	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
		 	1251 Avenue of the Americas, 12th Floor
		 	New York, NY 10020-1104
		 	Attn: Dolores Ruland – Loan Operations Dept.
		 	Telecopy: 201-521-2304

  
 [Signature Page to
Second Amended and Restated Credit Agreement] 

 EXHIBIT A 

FORM OF REVOLVER NOTE 
  

					
	$        	  	 	July 14, 2014	  

 FOR VALUE RECEIVED, the undersigned Borrowers (as hereinafter defined) hereby promise, jointly and severally,
to pay                      or registered assigns (“Lender”), in accordance with the provisions of the Agreement (as hereinafter
defined), the principal amount of each Revolver Loan from time to time made by Lender to (or otherwise owed to Lender by) Borrowers under that certain Second Amended and Restated Credit Agreement dated as of July 14, 2014 (as amended, restated,
extended, supplemented or otherwise modified in writing at any time and from time to time, the “Agreement”) among Calumet Specialty Products Partners, L.P., a Delaware limited partnership (“MLP Parent”), the other
Borrowers party thereto, the Guarantors party thereto, the financial institutions from time to time party thereto as Lenders and Bank of America, N.A., a national banking association, as Agent. Capitalized terms used but not otherwise defined herein
have the meanings provided in the Agreement. 
 Borrowers promise, jointly and severally, to pay interest on the unpaid principal amount of
each Revolver Loan from the date of such Revolver Loan until such principal amount is paid in full, at such interest rates and at such times as provided in the Agreement. All payments of principal and interest shall be made to Agent for the account
of Lender in Dollars in immediately available funds at Agent’s office designated by Agent from time to time. If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date
thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Agreement. 

This Revolver Note is one of the Revolver Notes referred to in the Agreement, is entitled to the benefits thereof and may be prepaid in whole
or in part subject to the terms and conditions provided therein. Upon the occurrence and continuation of one or more of the Events of Default specified in the Agreement, all amounts then remaining unpaid on this Revolver Note shall become, or may be
declared to be, immediately due and payable, all as provided in the Agreement. Revolver Loans made by Lender shall be evidenced by one or more loan accounts or records maintained by Lender in the ordinary course of business. Lender may also attach
schedules to this Revolver Note and endorse thereon the date, amount and maturity of its Revolver Loans and payments with respect thereto. 

Each Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand,
dishonor and nonpayment of this Revolver Note. 
 [Intentionally left blank – Signatures appear on following page] 

  
 EXHIBIT A - REVOLVER NOTE - Page 1 

 THIS REVOLVER NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK. 
  

			
	BORROWERS:
	
	CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.
		
	By:	 	Calumet GP, LLC, its general partner
		
	By:	 	  

	Name:	 	R. Patrick Murray, II
	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 2 

 
							
	CALUMET LP GP, LLC
		
	By:	 	Calumet Operating, LLC, its sole member
			
		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
				
		 		 	By:	 	Calumet GP, LLC, its general partner
				
		 		 	By:	 	  

		 		 	Name:	 	R. Patrick Murray, II
		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 3 

 
					
	CALUMET OPERATING, LLC
		
	By:	 	Calumet Specialty Products Partners, L.P., its sole member
			
		 	By:	 	Calumet GP, LLC, its general partner
			
		 	By:	 	  

		 	Name:	 	R. Patrick Murray, II
		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 4 

 
									
	CALUMET LUBRICANTS CO., LIMITED PARTNERSHIP
		
	By:	 	Calumet LP GP, LLC, its general partner
			
		 	By:	 	Calumet Operating, LLC, its sole member
				
		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
					
		 		 		 	By:	 	Calumet GP, LLC, its general partner
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 5 

 
											
	CALUMET SHREVEPORT LUBRICANTS & WAXES, LLC
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 6 

 
											
	CALUMET SHREVEPORT FUELS, LLC
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 7 

 
			
	CALUMET SALES COMPANY INCORPORATED
		
	By:	 	  

	Name:	 	R. Patrick Murray, II
	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 8 

 
											
	CALUMET PENRECO, LLC
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 9 

 
			
	CALUMET FINANCE CORP.
		
	By:	 	  

	Name:	 	R. Patrick Murray, II
	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 10 

 
											
	CALUMET SUPERIOR, LLC
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 11 

 
											
	CALUMET MISSOURI, LLC
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 12 

 
											
	CALUMET PACKAGING, LLC
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 13 

 
											
	ROYAL PURPLE, LLC,
	as a Borrower
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 14 

 
											
	CALUMET MONTANA REFINING, LLC,
	as a Borrower
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 15 

 
													
	CALUMET SAN ANTONIO REFINING, LLC
		
	By:	 	Calumet Shreveport Fuels, LLC, its sole member
			
		 	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
				
		 		 	By:	 	Calumet LP GP, LLC, its general partner
					
		 		 		 	By:	 	Calumet Operating, LLC, its sole member
						
		 		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
							
		 		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
							
		 		 		 		 		 	By:	 	  

		 		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 16 

 
											
	BEL-RAY COMPANY, LLC,
	as a Borrower
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., its sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 17 

 
			
	KURLIN COMPANY, INC.,
	as a Borrower
		
	By:	 	  

	Name:	 	R. Patrick Murray, II
	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 18 

 
			
	WELD CORPORATION
		
	By:	 	  

	Name:	 	R. Patrick Murray, II
	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 19 

 
			
	ADF HOLDINGS, INC.
		
	By:	 	  

	Name:	 	R. Patrick Murray, II
	Title:	 	Senior Vice President, Chief Financial Officer and Secretary

  
 REVOLVER NOTE - Page 20 

 
			
	ANCHOR DRILLING FLUIDS USA, INC.
		
	By:	 	  

	Name:	 	R. Patrick Murray, II
	Title:	 	Senior Vice President,
		 	Chief Financial Officer and Secretary

  
 REVOLVER NOTE - Page 21 

 
											
	CALUMET NORTH DAKOTA, LLC
		
	By:	 	Calumet Lubricants Co., Limited Partnership, its sole member
			
		 	By:	 	Calumet LP GP, LLC, its general partner
				
		 		 	By:	 	Calumet Operating, LLC, its sole member
					
		 		 		 	By:	 	Calumet Specialty Products Partners, L.P., sole member
						
		 		 		 		 	By:	 	Calumet GP, LLC, its general partner
						
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	R. Patrick Murray, II
		 		 		 		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 REVOLVER NOTE - Page 22 

 EXHIBIT B 

FORM OF COMPLIANCE CERTIFICATE 

            , 20     

Financial Statement
Date:                      
  

	To:	Bank of America, N.A., as Agent 

 Ladies and Gentlemen: 

Reference is made to that certain Second Amended and Restated Credit Agreement, dated as of July 14, 2014 (as amended, restated,
extended, supplemented or otherwise modified in writing at any time and from time to time, the “Agreement”) among Calumet Specialty Products Partners, L.P., a Delaware limited partnership (“MLP Parent”), the other
Borrowers party thereto, the Guarantors party thereto, the financial institutions from time to time party thereto as Lenders and Bank of America, N.A., a national banking association, as Agent. Capitalized terms used but not otherwise defined herein
have the meanings provided in the Agreement. 
 The undersigned Senior Officer of [Calumet GP, LLC, a Delaware limited liability company
and the general partner of MLP Parent (“MLP General Partner”)] [MLP Parent], on behalf of Consolidated Parties, hereby certifies as of the date hereof that he/she is the
                                         of
[MLP General Partner] [MLP Parent], and that, as such, he/she is authorized to execute and deliver this Compliance Certificate on behalf of [MLP General Partner] [MLP Parent] to Agent, and that: 

[Use following paragraph 1 for fiscal year-end financial statements] 

1. Attached hereto as Schedule 1 are the year-end audited financial statements required by
Section 9.1.1(a) of the Agreement for the Fiscal Year of Consolidated Parties ended as of the above financial statement date, together with the report and opinion of Ernst & Young LLP or other independent registered public
accounting firm of nationally recognized standing required by such section. 
 [Use following paragraph 1 for fiscal quarter-end financial statements] 1 
 1.
Attached hereto as Schedule 1 are the unaudited financial statements required by Section 9.1.1(b) of the Agreement for the Fiscal Quarter of Consolidated Parties and portion of the Fiscal Year ended as of the above financial
statement date. Such financial statements fairly present the financial condition, results of operations, partners’ capital and cash flows of Consolidated Parties for such Fiscal Quarter and portion of such Fiscal Year in accordance with GAAP,
subject only to normal year-end audit adjustments and the absence of footnotes. 
 [Use
following paragraph 1 for month-end financial statements]2 

1. Attached hereto as Schedule 1 are the unaudited financial statements required by Section 9.1.1(c) of the Agreement
for the month of              of Consolidated Parties and for the portion of the Fiscal Year ended as of the above financial statement date. Such financial statements fairly 

 
  

	1 	To be delivered only with respect to the first three Fiscal Quarters of each Fiscal Year of Consolidated Parties. 

	2 	To be delivered only if a Reporting Trigger Event has occurred, and only until such time thereafter as a Reporting Trigger Event has not existed for 30 consecutive days. 

  
 EXHIBIT B - COMPLIANCE CERTIFICATE -
Page 1 

 
present the financial condition, results of operations, partners’ capital and cash flows of Consolidated Parties for such month and portion of such Fiscal Year in accordance with GAAP,
subject only to normal year-end audit adjustments and the absence of footnotes. 
 2. If any
Subsidiary has been designated as an Unrestricted Subsidiary in accordance with Section 9.4 of the Agreement, Schedule 1 attached hereto includes a reasonably detailed presentation, either on the face of such financial statements
or information or in the footnotes thereto and in management’s discussion and analysis of financial condition and results of operations which accompanies any reports filed or required to be filed with the SEC, of the financial condition and
results of operations of MLP Parent and its Restricted Subsidiaries separate from the financial condition and results of operations of the Unrestricted Subsidiaries as required by Section 9.1.1(e) of the Agreement. 

3. The undersigned has reviewed and is familiar with the terms of the Agreement and has made, or has caused to be made under his/her
supervision, a detailed review of the transactions and condition (financial or otherwise) of Consolidated Parties during the accounting period covered by the attached financial statements. 

4. A review of the activities of Consolidated Parties during such fiscal period has been made under the supervision of the undersigned with a
view to determining whether during such fiscal period Consolidated Parties performed and observed all of their Obligations under the Credit Documents, and 

[select one:] 
 [5. To the best knowledge
of the undersigned during such fiscal period, no Default has occurred and is continuing.] 
 -or- 

[5. Defaults have occurred and are continuing and Annex A contains a list of each Default and a description of its nature and status.]

 [6. Attached hereto as Schedule 2 are calculations demonstrating compliance with the financial covenant(s) set forth in
Section 9.3 of the Agreement as of the last day of such fiscal period.]3 

[Signature Page Follows] 

 

	3 	To be calculated only if Availability falls below the greater of (a) 12.5% of the Borrowing Base then in effect and (b) $45,000,000 (which amount is subject to increase as provided in Section 1.4
of the Agreement), maintain as of the end of each Fiscal Quarter (commencing with the Fiscal Quarter ending immediately prior to the Fiscal Quarter during which Availability falls below the threshold stated above) a Fixed Charge Coverage Ratio of at
least 1.0 to 1.0; provided, that if, after Availability falls below the greater of clauses (a) and (b) above, Availability subsequently exceeds the greater of clauses (a) and (b) above by
at least 15% for 30 consecutive days, then Obligors shall not be required to maintain the Fixed Charge Coverage Ratio set forth above until such time as Availability subsequently falls below the greater of clauses (a) and (b)
above. 

  
 EXHIBIT B - COMPLIANCE CERTIFICATE -
Page 2 

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

					
	[CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.
		
	By:	 	Calumet GP, LLC, its general partner]
	
	[CALUMET GP, LLC]
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 EXHIBIT B - COMPLIANCE CERTIFICATE -
Page 3 

 Schedule 1 

to Compliance Certificate 

  
 SCHEDULE 1 TO COMPLIANCE CERTIFICATE -
Cover Page 

 Annex A 

to Compliance Certificate 

  
 ANNEX A TO COMPLIANCE CERTIFICATE -
Cover Page 

 Schedule 2 

to Compliance Certificate 

  
 SCHEDULE 2 TO COMPLIANCE CERTIFICATE -
Cover Page 

 EXHIBIT C 

FORM OF ASSIGNMENT AND ACCEPTANCE 

This Assignment and Acceptance (the “Assignment and Acceptance”) is dated as of the Effective Date set forth below and is
entered into by and between [Insert name of Assignor] (“Assignor”) and [Insert name of Assignee] (“Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the
Agreement identified below (the “Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated
herein by reference and made a part of this Assignment and Acceptance as if set forth herein in full. 
 For an agreed consideration,
Assignor hereby irrevocably sells and assigns to Assignee, and Assignee hereby irrevocably purchases and assumes from Assignor, subject to and in accordance with the Standard Terms and Conditions and the Agreement, as of the Effective Date inserted
by Agent as contemplated below (i) all of Assignor’s rights and obligations as a Lender under the Agreement and any other documents or instruments delivered pursuant thereto, including, without limitation, the Credit Documents, to the
extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of Assignor under the respective facilities identified below (including, without limitation, Letters of Credit 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 Assignor (in its capacity as a Lender) against any Person, whether known or
unknown, arising under or in connection with the Agreement, any other documents or instruments delivered pursuant thereto, including, without limitation, the Credit Documents, 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 pursuant to clauses (i) and (ii) above being referred to herein collectively as, the “Assigned Interest”). Such sale and assignment is without
recourse to Assignor and, except as expressly provided in this Assignment and Acceptance, without representation or warranty by Assignor. From and after the Effective Date, Assignee shall be a party to and be bound by the provisions of the
Agreement. 
  

									
	1.	 	Legal Name of Assignor:	 	  
	 	
				
	2.	 	Legal Name of Assignee:	 	  
	 	
	 [and is an Affiliate/Approved Fund of [identify Lender]]
	 	
					
	3.	 	Address of Assignee	 		 		 	
		 	for Notice:	 	  
	 	
		 		 	  
	 	
		 		 	  
	 	
		 		 	Attn:	 	  
	 	
		 		 	Telecopy:	 	  
	 	
			
	4.	 	Borrowers:	 	Calumet Specialty Products Partners, L.P., Calumet LP GP, LLC, Calumet Operating, LLC, Calumet Lubricants Co., Limited Partnership, Calumet Shreveport Lubricants & Waxes, LLC, Calumet Shreveport Fuels, LLC, Calumet
Sales Company Incorporated, Calumet Penreco, LLC, Calumet Finance Corp., Calumet Superior, LLC, Calumet Missouri, LLC, Calumet Packaging, LLC, Royal Purple, LLC, Calumet Montana

  
 EXHIBIT C - ASSIGNMENT AND ACCEPTANCE -
Page 1 

									
		 		 	Refining, LLC, Calumet San Antonio Refining, LLC, Bel-Ray Company, LLC, Kurlin Company, Inc., Weld Corporation, ADF Holdings, Inc., Anchor Drilling Fluids USA, Inc. and Calumet North Dakota, LLC (collectively,
“Borrowers”).
			
	5.	 	Agent:	 	Bank of America, N.A., as Agent under the Agreement.
			
	6.	 	Agreement:	 	Second Amended and Restated Credit Agreement dated as of July 14, 2014 (as amended, restated, extended, supplemented or otherwise modified in writing at any time and from time to time, the “Agreement”),
by and among Borrowers, the Guarantors from time to time party thereto, the financial institutions from time to time party thereto as lenders (“Lenders”), and Bank of America, N.A., as Agent.
					
	7.	 	Assigned Interest:	 		 		 	

  

																					
	 Facility Assigned
	  	Aggregate
Amount of
Commitment/Loans
for all Lenders	 	  	Amount of
Commitment/Loans
Assigned	 	  	Amount of LC
Obligations
Assigned	 	  	Percentage
Assigned of
Commitment/Loans
and LC Obligations	 	 	CUSIP
Number	 
	 Revolver Loans
	  	$	            	  	  	$	            	  	  	$	            	  	  	 	            	%* 	 	 	N/A	  

  

									
	[8.	 	Trade Date:	 	                    ]
		
	9.	 	Effective Date:              , 20     [TO BE INSERTED BY AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF
		 	RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

 [Signature Page Follows] 

 

	*	Complete to ten decimal places. 

  
 EXHIBIT C - ASSIGNMENT AND ACCEPTANCE -
Page 2 

 The terms set forth in this Assignment and Acceptance are hereby agreed to effective for all
purposes as of the Effective Date: 
  

			
	ASSIGNOR
	[NAME OF ASSIGNOR]
		
	By:	 	  

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

	Name:	 	
	Title:	 	

  

					
	[Consented to and] Accepted:
	
	 BANK OF AMERICA, N.A.,
 as
Agent

		
	By:	 	  

	Name:	 		 	
	Title:	 		 	
	
	 BANK OF AMERICA, N.A.,
 as
Issuing Bank4

		
	By:	 	  

	Name:	 		 	
	Title:	 		 	
	
	 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.,

as Borrower Agent

		
	By:	 	Calumet GP, LLC, its general partner
			
		 	By:	 	  

		 	Name:	 	R. Patrick Murray, II
		 	Title:	 	Senior Vice President and Chief Financial Officer

  

	4 	Insert reference to other Issuing Banks, if applicable. 

  
 EXHIBIT C - ASSIGNMENT AND ACCEPTANCE -
Page 3 

 ANNEX 1 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ACCEPTANCE 
 1.
Representations and Warranties. 
 1.1. Assignor. Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver
this Assignment and Acceptance and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Agreement or any
other Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral thereunder, (iii) the financial condition of any Borrower or Guarantor, any of its
Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document, or (iv) the performance or observance by any Borrower or Guarantor, any of its Subsidiaries or Affiliates or any other Person of any of their respective
obligations under any Credit Document. 
 1.2. Assignee. 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 Acceptance and to consummate the transactions contemplated hereby and to become a Lender under the Agreement, (ii) it meets all requirements of an
Eligible Assignee under the Agreement (subject to receipt of such consents as may be required under the Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Agreement as a Lender thereunder and, to the
extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Agreement, together with copies of the most recent financial statements delivered pursuant to Section 9.1.1
thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase the Assigned Interest on the basis of which it
has made such analysis and decision independently and without reliance on Agent or any other Lender, and (v) attached to the Assignment and Acceptance is any documentation required to be delivered by it pursuant to the terms of the Agreement,
duly completed and executed by Assignee; and (b) agrees that (i) it will, independently and without reliance on Agent, Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under the 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. From and after the Effective Date, Agent shall make all payments in respect of the
Assigned Interest (including payments of principal, interest, fees and other amounts) to Assignor for amounts which have accrued to but excluding the Effective Date and to Assignee for amounts which have accrued from and after the Effective Date.

 3. General Provisions. This Assignment and Acceptance shall be binding upon, and inure to the benefit of, the parties hereto and
their respective successors and permitted assigns. This Assignment and Acceptance may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this
Assignment and Acceptance by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Acceptance. This Assignment and Acceptance shall be governed by, and construed in accordance with, the law of the State of
New York. 

  
 ANNEX 1 TO ASSIGNMENT AND ACCEPTANCE -
Page 1 

 EXHIBIT D 

FORM OF ASSIGNMENT NOTICE 

Date:             , 20     

 

	To:	                    , as Assignor and
                    , as Assignee: 

Ladies and Gentlemen: 
 Reference is made to
that certain Second Amended and Restated Credit Agreement, dated as of July 14, 2014 (as amended, restated, extended, supplemented or otherwise modified at any time and from time to time, the “Agreement”) among Calumet
Specialty Products Partners, L.P., a Delaware limited partnership (“MLP Parent”), the other Borrowers party thereto, the Guarantors party thereto, the financial institutions from time to time party thereto as Lenders and Bank of
America, N.A., a national banking association, as Agent. Capitalized terms used but not otherwise defined herein have the meanings provided in the Agreement. 

The undersigned, as Agent under the Agreement, acknowledges receipt of one or more (as Agent may request) executed counterparts of a completed
Assignment and Acceptance in the form of Exhibit C to the Agreement. Terms defined in such Assignment and Acceptance are used as therein defined. 

Pursuant to such Assignment and Acceptance, you are advised that the Effective Date will be
            ,         . 
  

			
	BANK OF AMERICA, N.A.,
	as Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

  

	
	ACCEPTED FOR RECORDATION IN REGISTER:
	
	[Copy to Borrower Agent]

  
 EXHIBIT D - ASSIGNMENT NOTICE - Page 1

 EXHIBIT E 

FORM OF NOTICE OF BORROWING/CONVERSION/CONTINUATION 

Date:             , 20     

 

	To:	Bank of America, N.A., as Agent 

 Ladies and Gentlemen: 

Reference is made to that certain Second Amended and Restated Credit Agreement, dated as of July 14, 2014 (as amended, restated,
extended, supplemented or otherwise modified in writing at any time and from time to time, the “Agreement”) among Calumet Specialty Products Partners, L.P., a Delaware limited partnership (“MLP Parent”), the other
Borrowers party thereto, the Guarantors party thereto, the financial institutions from time to time party thereto as Lenders and Bank of America, N.A., a national banking association, as Agent. Capitalized terms used but not otherwise defined herein
shall have the meanings assigned to such terms in the Agreement. 
 The undersigned hereby requests (select one): 

 

	 	 ̈	A Borrowing of [General][Distribution] Revolver Loans 

  

	 	 ̈	A Borrowing of Revolver Loans as a Swingline Loan not in an Alternate Currency 

  

	 	 ̈	A Borrowing of Revolver Loans as a Swingline Loan in an Alternate Currency 

  

	 	 ̈	A conversion or continuation of [General][Distribution] Revolver Loans 

  

	 	1.	On              (a Business Day). 

  

	 	2.	In the amount of $        . 

  

	 	3.	Comprised of [Base Rate] [LIBOR] Loans. 

  

	 	4.	For LIBOR Loans: with an Interest Period of      days (30, 60, 90 or 180 days). 

  

	 	5.	For a Swingline Loan in an Alternate Currency, specify the Alternate Currency: [Canadian Dollars] [Euros] [Sterline] [other currency requested/approved in accordance with the Agreement]. 

 

					
	CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.
		
	By:	 	Calumet GP, LLC, its general partner
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 EXHIBIT E – FORM OF NOTICE OF
BORROWING/CONVERSION/CONTINUATION – Page 1 

 EXHIBIT F-1 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Second Amended and Restated Credit Agreement dated as of July 14, 2014 (as amended, restated,
supplemented or otherwise modified in writing at any time and from time to time, the “Agreement”), among Calumet Specialty Products Partners, L.P. and certain of its subsidiaries as Borrowers, the Guarantors party thereto, the
Lenders party thereto, and Bank of America, N.A. as Agent. 
 Pursuant to the provisions of Section 5.9.2 of the Agreement, the
undersigned hereby certifies that (a) it is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (b) it is not a bank within the meaning
of Section 881(c)(3)(A) of the Code, (c) it is not a ten percent shareholder of any Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (d) it is not a controlled foreign corporation related to any Borrower as
described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished Agent and Borrowers with a certificate of its non-U.S.
Person status on IRS Form W-8BEN or, as applicable, IRS Form W-8BEN-E. By executing this certificate, the undersigned agrees that (a) if the information provided on this certificate changes, the undersigned shall promptly so inform Borrowers
and Agent, and (b) the undersigned shall have at all times furnished Borrowers and Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in
either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Agreement and used herein
shall have the meanings given to them in the Agreement. 
  

			
	[NAME OF LENDER]
		
	By:	 	  

		 	Name:
		 	Title:

 Date:              , 20[    ] 

 

  
 EXHIBIT F-1 –U.S. Tax Compliance
Certificate for Foreign Lenders that are not Partnerships for U.S. Federal Income Tax Purposes – Solo Page 

 EXHIBIT F-2 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Second Amended and Restated Credit Agreement dated as of July 14, 2014 (as amended, restated,
supplemented or otherwise modified in writing at any time and from time to time, the “Agreement”), among Calumet Specialty Products Partners, L.P. and certain of its subsidiaries as Borrowers, the Guarantors party thereto, the
Lenders party thereto, and Bank of America, N.A. as Agent. 
 Pursuant to the provisions of Section 5.9.2 of the Agreement, the
undersigned hereby certifies that (a) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (b) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code,
(c) it is not a ten percent shareholder of any Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (d) it is not a controlled foreign corporation related to any Borrower as described in Section 881(c)(3)(C) of
the Code. 
 The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN or,
as applicable, IRS Form W-8BEN-E. By executing this certificate, the undersigned agrees that (a) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (b) the
undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years
preceding such payments. 
 Unless otherwise defined herein, terms defined in the Agreement and used herein shall have the meanings given to
them in the Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	  

		 	Name:
		 	Title:

 Date:              , 20[    ] 

  
 EXHIBIT F-2 –U.S. Tax Compliance
Certificate for Foreign Participants that are not Partnerships for U.S. Federal Income Tax Purposes – Solo Page 

 EXHIBIT F-3 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Second Amended and Restated Credit Agreement dated as of July 14, 2014 (as amended, restated,
supplemented or otherwise modified in writing at any time and from time to time, the “Agreement”), among Calumet Specialty Products Partners, L.P. and certain of its subsidiaries as Borrowers, the Guarantors party thereto, the
Lenders party thereto, and Bank of America, N.A. as Agent. 
 Pursuant to the provisions of Section 5.9.2 of the Agreement, the
undersigned hereby certifies that (a) it is the sole record owner of the participation in respect of which it is providing this certificate, (b) its direct or indirect partners/members are the sole beneficial owners of such participation,
(c) with respect such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the
meaning of Section 881(c)(3)(A) of the Code, (d) none of its direct or indirect partners/members is a ten percent shareholder of any Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (e) none of its direct or
indirect partners/members is a controlled foreign corporation related to any Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its
partners/members that is claiming the portfolio interest exemption: (a) an IRS Form W-8BEN or, as applicable, IRS Form W-8BEN-E or (b) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or, as applicable, IRS Form W-8BEN-E from each of
such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (i) if the information provided on this certificate changes, the undersigned shall
promptly so inform such Lender and (ii) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the
undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the
Agreement and used herein shall have the meanings given to them in the Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	  

		 	Name:
		 	Title:

 Date:              , 20[    ] 

  
 EXHIBIT F-3 –U.S. Tax Compliance
Certificate for Foreign Participants that are Partnerships for U.S. Federal Income Tax Purposes – Solo Page 

 EXHIBIT F-4 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Second Amended and Restated Credit Agreement dated as of July 14, 2014 (as amended, restated,
supplemented or otherwise modified in writing at any time and from time to time, the “Agreement”), among Calumet Specialty Products Partners, L.P. and certain of its subsidiaries as Borrowers, the Guarantors party thereto, the
Lenders party thereto, and Bank of America, N.A. as Agent. 
 Pursuant to the provisions of Section 5.9.2 of the Agreement, the
undersigned hereby certifies that (a) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (b) its direct or indirect partners/members are the
sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (c) with respect to the extension of credit pursuant to this Agreement or any other Credit Document, neither the undersigned nor any of its direct or
indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (d) none of its direct or indirect
partners/members is a ten percent shareholder of any Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (e) none of its direct or indirect partners/members is a controlled foreign corporation related to any Borrower as
described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished Agent and Borrowers with IRS Form W-8IMY accompanied by
one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (a) an IRS Form W-8BEN or, as applicable, IRS Form W-8BEN-E or (b) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or, as
applicable, IRS Form W-8BEN-E from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (i) if the information provided on this
certificate changes, the undersigned shall promptly so inform Borrowers and Agent, and (ii) the undersigned shall have at all times furnished Borrowers and Agent with a properly completed and currently effective certificate in either the
calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Agreement and used herein shall have the meanings given to them in the Agreement. 

 

			
	[NAME OF LENDER]
		
	By:	 	  

		 	Name:
		 	Title:

 Date:              , 20[    ] 

  
 EXHIBIT F-4 –U.S. Tax Compliance
Certificate for Foreign Lenders that are Partnerships for U.S. Federal Income Tax Purposes – Solo Page 

 EXHIBIT G 

FORM OF BORROWING BASE CERTIFICATE 

(See attached) 

  
 EXHIBIT G –Borrowing Base
Certificate –Page 1 

 BANK OF AMERICA, N.A. 

CONSOLIDATED CERTIFICATE #:            
        As of:                      Prepared on:
                     ROA 
  

											
		 	 ACCOUNTS RECEIVABLE
	  		  		  		  	
	 1
	 	 BEGINNING BALANCE LINE 6 LAST REPORT
	  		  		  		  	
		 		  		  	  
	  		  	
	 2
	 	 PLUS: SALES AS OF
	  		  		  		  	
		 		  	  
	  	  
	  		  	
	 3
	 	 LESS: CREDITS AS OF
	  		  		  		  	
		 		  	  
	  	  
	  		  	
	 4
	 	 LESS: GROSS COLLECTIONS AS OF
	  		  		  		  	
		 		  	  
	  	  
	  		  	
	 5
	 	 ADJUSTMENTS
	  		  		  		  	
		 		  		  	  
	  		  	
	 6
	 	 ENDING BALANCE
	  		  		  		  	
		 		  		  	  
	  		  	
						
	 7
	 	 Non I-Grade AR
	  		  		  		  	
		 		  		  	  
	  		  	
	 8
	 	 LESS: INELIGIBLE
	  		  		  		  	
		 		  		  	  
	  		  	
	 9
	 	 ELIGIBLE
	  		  		  		  	
		 		  		  	  
	  	  
	  	  

	 10
	 	 Other AR reserve
	  		  		  		  	
		 		  		  		  		  	  

	 11
	 	 TOTAL ELIGIBLE AR
	  		  		  		  	
		 		  		  		  		  	  

						
	 12
	 	 INVESTMENT GRADE AR
	  		  		  		  	
		 		  		  	  
	  		  	
	 13
	 	 LESS: INELIGIBLE
	  		  		  		  	
		 		  		  	  
	  		  	
	 14
	 	 ELIGIBLE
	  		  		  		  	
		 		  		  	  
	  	  
	  	  

	 15
	 	 Other AR reserve
	  		  		  		  	
		 		  		  		  		  	  

	 16
	 	 TOTAL ELIGIBLE AR
	  		  		  		  	
						
	 17
	 	 UNBILLED AR
	  		  		  		  	
		 		  		  	  
	  		  	
	 18
	 	 LESS: INELIGIBLE
	  		  		  		  	
		 		  		  	  
	  		  	
	 19
	 	 ELIGIBLE
	  		  		  		  	
		 		  		  	  
	  	  
	  	  

	 20
	 	 Other AR reserve
	  		  		  		  	
		 		  		  		  		  	  

	 21
	 	 TOTAL ELIGIBLE AR
	  		  		  		  	
						
	 22
	 	 Total AR Availability
	  		  		  		  	
		 		  	  
	  	  
	  	  
	  	  

						
		 	 PERPETUAL INVENTORY
	  		  		  		  	
	 23
	 	 Crude
	  		  		  		  	
		 		  		  	  
	  		  	
	 24
	 	 LESS: INELIGIBLE
	  		  		  		  	
		 		  		  	  
	  		  	
	 25
	 	 ELIGIBLE
	  		  		  		  	
		 		  		  	  
	  	  
	  	  

	 26
	 	 LESS: INVENTORY RESERVES
	  		  		  		  	
		 		  		  		  		  	  

	 27
	 	 TOTAL ELIGIBLE CRUDE
	  		  		  		  	
						
	 28
	 	 Fuels
	  		  		  		  	
		 		  		  	  
	  		  	
	 29
	 	 LESS: INELIGIBLE
	  		  		  		  	
		 		  		  	  
	  		  	
	 30
	 	 ELIGIBLE
	  		  		  		  	
		 		  		  	  
	  	  
	  	  

	 31
	 	 LESS: INVENTORY RESERVES
	  		  		  		  	
		 		  		  		  		  	  

	 32
	 	 TOTAL ELIGIBLE FUELS
	  		  		  		  	
						
	 33
	 	 Speciality
	  		  		  		  	
		 		  		  	  
	  		  	
	 34
	 	 LESS: INELIGIBLE
	  		  		  		  	
		 		  		  	  
	  		  	
	 35
	 	 ELIGIBLE 1
	  		  		  		  	
		 		  		  	  
	  	  
	  	  

	 36
	 	 LESS: INVENTORY RESERVES
	  		  		  		  	
		 		  		  		  		  	  

	 37
	 	 TOTAL ELIGIBLE SPECIALTY
	  		  		  		  	
						
	 38
	 	 Asphalt
	  		  		  		  	
		 		  		  	  
	  		  	
	 39
	 	 LESS: INELIGIBLE
	  		  		  		  	
		 		  		  	  
	  		  	
	 40
	 	 ELIGIBLE 1
	  		  		  		  	
		 		  		  	  
	  	  
	  	  

	 41
	 	 LESS: INVENTORY RESERVES
	  		  		  		  	
		 		  		  		  		  	  

	 42
	 	 TOTAL ELIGIBLE ASPHALT
	  		  		  		  	
						
	 43
	 	 Tank Heels
	  		  		  		  	
		 		  		  	  
	  		  	
	 44
	 	 LESS: INELIGIBLE
	  		  		  		  	
		 		  		  	  
	  		  	
	 45
	 	 ELIGIBLE 1
	  		  		  		  	
		 		  		  	  
	  	  
	  	  

	 46
	 	 LESS: INVENTORY RESERVES
	  		  		  		  	
		 		  		  		  		  	  

	 47
	 	 TOTAL ELIGIBLE TANK HEELS
	  		  		  		  	
		 		  		  		  		  	
		 		  		  		  		  	  

	 48
	 	 TOTAL INV. AVAILABILITY NOT TO EXCEED
	  		  		  		  	
		 		  	  
	  	  
	  	  
	  	  

						
	 49
	 	 EXCESS OF LCs OVER AP
	  		  		  		  	
	 50
	 	 ADVANCE RATE
	  		  		  		  	
		 		  		  		  		  	  

	 51
	 	 TOTAL AVAILABILITY
	  		  		  		  	
		 		  	  
	  	  
	  	  
	  	  

						
	 52
	 	 MERCHANDISE L/C NOT TO EXCEED:
	  		  		  		  	
						
	 53
	 	 RESTRICTED ACCOUNT BALANCE
	  		  		  		  	
						
	 54
	 	 TOTAL AVAILABILITY
	  		  		  		  	
		 		  	  
	  	  
	  	  
	  	  

						
		 	 LOAN ACTIVITY
	  		  		  		  	
	 55
	 	 BALANCE AS SHOWN ON LAST REPORT (LINE 62)
	  		  		  		  	
	 56
	 	 LESS: REMITTANCES
	  		  		  		  	
		 		  		  		  		  	  

	 57
	 	 PLUS: ADVANCE REQUEST AS OF
	  		  		  		  	
		 		  		  		  		  	  

	 58
	 	 PLUS: WIRE CHARGE
	  		  		  		  	
		 		  		  		  		  	  

	 59
	 	 PLUS: FEES
	  		  		  		  	
		 		  		  		  		  	  

	 60
	 	 PLUS: INTEREST
	  		  		  		  	
		 		  		  		  		  	  

	 61
	 	 ADJUSTMENTS
	  		  		  		  	
		 		  		  		  		  	  

	 62
	 	 OUTSTANDING LOAN BALANCE
	  		  		  		  	
						
		 	 REVOLVING LOAN AVAILABILITY
	  		  		  		  	
	 63
	 	 CALCULATED AVAILABILITY (LINE 54)
	  		  		  		  	
		 		  		  		  		  	  

	 64
	 	 LESS: OUTSTANDING LOAN BALANCE (LINE 62)
	  		  		  		  	
		 		  		  		  		  	  

	 65
	 	 LESS: MERCHANDISE L/C
	  		  		  		  	
		 		  		  		  		  	  

	 66
	 	 LESS: STANDBY L/C
	  		  		  		  	
		 		  		  		  		  	  

	 67
	 	 LESS: BANKERS ACCEPTANCES
	  		  		  		  	
		 		  		  		  		  	  

	 68
	 	 NET AVAILABLE
	  		  		  		  	
		 		  		  		  		  	  

 THE UNDERSIGNED REPRESENTS AND WARRANTS THAT (I) THE INFORMATION SET FORTH ABOVE IS TRUE AND COMPLETE AS
OF THE DATE HEREOF AND (II) WITH RESPECT TO THIS BORROWING BASE CERTIFICATE, THE REPRESENTATION AND WARRANTY SET FORTH IN SECTION 8.1.23 OF THAT CERTAIN SECOND AMENDED AND RESTATED CREDIT AGREEMENT, DATED AS OF JULY 14, 2014, AMONG CALUMET SPECIALTY
PRODUCTS PARTNERS L.P. AND ITS SUBSIDIARIES AS BORROWERS, THE GUARANTORS NAMED THEREIN, THE LENDERS NAMED THEREIN AND BANK OF AMERICA, N.A. AS AGENT, AS AMENDED FROM TIME TO TIME, IS TRUE AND CORRECT AS OF THE DATE HEREOF. 

 

									
	BORROWER:	 	 Calumet Specialty Products Partners, L.P.
	 		 	BANK OF AMERICA, N.A.
					
	AUTHORIZED SIGNATURE:	 	  
	 		 	RECEIVED BY:	 	  

					
	TITLE:	 	  
	 		 		 	

 NOTE: REPRESENTATION SECTION SHOULD NOT BE MODIFIED 
  

	1.	Line 35 to include the lesser of 80% of Specialty and 85% of the NOLV Percentage of Specialty 

	*	A negative credit balance will be subtracted from “Adjustments” on CashPro 

  
 EXHIBIT G –Borrowing Base
Certificate –Page 1 

 SCHEDULE 1.1A 

to 
 Second Amended and Restated
Credit Agreement 
 COMMITMENTS OF LENDERS 
  

					
	 Lender
	  	Revolver
Commitment5	 
	 Bank of America, N.A.
	  	$	157,500,000.00	  
	 Wells Fargo Bank, National Association
	  	$	137,500,000.00	  
	 JPMorgan Chase Bank, N.A.
	  	$	115,000,000.00	  
	 U.S. Bank National Association
	  	$	 80,000,000.00	  
	 Deutsche Bank Trust Company Americas
	  	$	 70,000,000.00	  
	 Natixis
	  	$	 60,000,000.00	  
	 PNC Bank, National Association
	  	$	 60,000,000.00	  
	 Regions Bank
	  	$	 60,000,000.00	  
	 Royal Bank of Canada
	  	$	 50,000,000.00	  
	 Barclays Bank PLC
	  	$	 50,000,000.00	  
	 The Bank of Tokyo-Mitsubishi UFJ
	  	$	 45,000,000.00	  
	 Compass Bank
	  	$	 32,500,000.00	  
	 BMO Harris Bank, N.A.
	  	$	 27,500,000.00	  
	 Goldman Sachs Bank USA
	  	$	 27,500,000.00	  
	 Siemens Financial Services
	  	$	 27,500,000.00	  
		  	  
	  
	 
		
	 TOTAL:
	  	$	1,000,000,000.00	  
		  	  
	  
	 

  

	5 	These amounts are subject to increase and/or reduction as provided in the Agreement, including as provided in the definitions of the term “Revolver Commitment.” 

  
 SCHEDULE 1.1A – Solo Page

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