Document:

EX-10.2

 Exhibit 10.2 

Execution Version 

FIRST AMENDMENT 

TO 

SIXTH AMENDED AND RESTATED CREDIT AGREEMENT 

among 
 REGENCY
GAS SERVICES LP, 
 as Borrower, 

REGENCY ENERGY PARTNERS LP 

and 
 THE
OTHER GUARANTORS PARTY HERETO, 
 as Guarantors 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Administrative Agent and Collateral Agent 

and 
 The Lenders Signatory Hereto

 Dated as of February 18, 2014 

 FIRST AMENDMENT TO SIXTH
AMENDED AND RESTATED CREDIT AGREEMENT 
 This First Amendment to
Sixth Amended and Restated Credit Agreement (this “First Amendment”) dated as of February 18, 2014, is among Regency Gas Services LP, a Delaware limited partnership (the “Borrower”), Regency Energy Partners LP,
a Delaware limited partnership (“Regency MLP”), the Subsidiary Guarantors, the financial institutions or other entities party hereto as lenders (the “Lenders”) and Wells Fargo Bank, N.A., as administrative agent for
the Lenders (in such capacity, the “Administrative Agent”) and as collateral agent for the Secured Parties (in such capacity, the “Collateral Agent”). 

Recitals 
 A. The Borrower,
Regency MLP, the Subsidiary Guarantors, the Lenders, the Administrative Agent, the Collateral Agent and the other parties thereto are parties to that certain Sixth Amended and Restated Credit Agreement dated as of May 21, 2013 (as amended or
otherwise modified prior to the date hereof, the “Credit Agreement”), pursuant to which the lenders party thereto (collectively, the “Existing Lenders”) have made certain credit available to and on behalf of the
Borrower. 
 B. On February 3, 2014, Regency HEP LLC, a Delaware limited liability company and a wholly-owned subsidiary of Regency MLP
(“Regency HEP”), acquired from Hoover Energy Partners LP, a Delaware limited partnership (“Hoover”), all of the membership interests in Hoover Energy Texas LLC, Hoover Energy Texas Crude LLC, Hoover Pecos River
Limited Partner LLC and Hoover Pecos River General Partner LLC, all Texas limited liability companies, pursuant to that certain Contribution Agreement dated as of December 22, 2013, among Regency HEP, Regency MLP and Hoover, as amended by that
certain Amendment No. 1 to Contribution Agreement dated as of January 30, 2014. 
 C. PVR Partners, L.P.,
a Delaware limited partnership (“PVR MLP”), PVR GP, LLC, a Delaware limited liability company and the general partner of PVR MLP, Regency MLP, Regency GP LP, a Delaware limited partnership and the
general partner of Regency MLP, and RVP LLC, a Delaware limited liability company and a wholly-owned subsidiary of Regency MLP, have entered into that certain Agreement and Plan of Merger dated as of October 9, 2013, as amended by
that certain Amendment No. 1 to Agreement and Plan of Merger dated as of November 7, 2013 (the “PVR Acquisition Agreement”), pursuant to which PVR MLP will be merged with and into Regency MLP (the “PVR
Acquisition”). 
 D. Eagle Rock Energy Partners, L.P., a Delaware limited partnership (“Eagle Rock”), Regency MLP
and Regal Midstream LLC, a Delaware limited liability company and a wholly-owned subsidiary of Regency MLP (“Regal Midstream”), have entered into that certain Contribution Agreement dated as of December 23, 2013 (the
“Eagle Rock Acquisition Agreement” and together with the PVR Acquisition Agreement, each, an “Acquisition Agreement” and collectively, the “Acquisition Agreements”) pursuant to which Regal Midstream
will acquire from Eagle Rock all of the equity interests in Eagle Rock Marketing, LLC, Eagle Rock Pipeline GP, LLC and Eagle Rock Gas Services, LLC, each a Delaware limited liability company, and Eagle Rock Pipeline, L.P. and EROC Midstream Energy,
L.P., each a Delaware limited partnership. 
 E. The Borrower has requested, and the Lenders have agreed, to amend the Credit Agreement to,
among other things, (i) permit the incurrence of certain indebtedness being acquired pursuant to the PVR Acquisition, (ii) permit the add-back to Consolidated EBITDA of synergies to be realized in connection with Permitted Acquisitions,
(iii) increase the aggregate principal amount of the Revolving Commitments from $1.2 billion to $1.5 billion, (iv) increase the Swingline Commitment from $25 million to $50 million, (v) increase the amount of the Incremental Revolving
Commitment from $300 million to $500 million, (vi) amend the mortgage requirements with respect to Pipelines and (vii) increase the thresholds for cross-defaults and judgment defaults from $10 million to $50 million. 

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 Section 1. Defined Terms. Each
capitalized term which is defined in the Credit Agreement, but which is not defined in this First Amendment, shall have the meaning ascribed such term in the Credit Agreement. Unless otherwise indicated, all section references in this First
Amendment refer to the Credit Agreement. 

 Section 2. Amendments to Credit Agreement 

2.1 Amendments to Section 1.01 (Defined Terms). 

(a) Clause (e) of the definition of “Consolidated EBITDA” is hereby amended in its entirety to read as follows: 

“(e) costs and expenses directly incurred, and synergies to be realized, in connection with (i) any Permitted Acquisition as
reasonably agreed to by the Administrative Agent and (ii) the Southern Union Acquisition; provided that, the add-back of synergies to be realized in connection with any Permitted Acquisition shall not exceed an amount equal to fifteen
percent (15%) of the Consolidated EBITDA attributable to such Permitted Acquisition,” 
 (b) The following definitions contained
in Section 1.01 are hereby amended in their entirety to read as follows: 
 “Revolving Commitment” shall mean, with
respect to each Lender, the total aggregate commitment of such Lender to make Revolving Loans pursuant to Section 2.01 and to acquire participations in Letters of Credit and Swingline Loans pursuant to Section 2.17 and Section 2.16,
respectively, as such commitment may be (a) reduced from time to time pursuant to Section 2.07, (b) reduced or increased (with such Lender’s consent) from time to time (i) pursuant to Section 2.18 and (ii) pursuant
to assignments by or to such Lender pursuant to Section 10.04, (c) terminated pursuant to Section 2.07, or (d) terminated pursuant to Section 8.01. The initial amount of each Lender’s Revolving Commitment is set forth
on Annex I, or in the Increase Joinder or the Assignment and Assumption pursuant to which such Lender shall have assumed its Revolving Commitment, as applicable. The aggregate principal amount of the Revolving Commitments on the First Amendment
Effective Date is $1,500,000,000. 
 “Swingline Commitment” shall mean the commitment of the Swingline Lender to make loans
pursuant to Section 2.16, as the same may be reduced from time to time pursuant to Section 2.07 or Section 2.16. The amount of the Swingline Commitment shall be $50.0 million, but in no event shall exceed the Revolving Commitment.

 (c) The following new definitions are hereby added to Section 1.01 in alphabetical order: 

“First Amendment” shall mean that certain First Amendment to Sixth Amended and Restated Credit Agreement dated as of
February 18, 2014, among the Borrower, the Guarantors, the Lenders, the Administrative Agent and the Collateral Agent. 
 “First
Amendment Effective Date” has the meaning set forth in the First Amendment. 
 “PVR Acquisition” shall mean the
merger of PVR MLP with and into Regency MLP, pursuant to and in accordance with the PVR Acquisition Agreement, with no amendments or modifications thereto, or waiver of any provisions thereof, which would be adverse to the interests of the Lenders.

 “PVR Acquisition Agreement” shall mean that certain Agreement and Plan of Merger dated as of October 9, 2013, among
PVR MLP, PVR GP, LLC, a Delaware limited liability company and the general partner of PVR MLP, Regency MLP, Regency GP LP, a Delaware limited partnership and the general partner of Regency MLP, and RVP LLC,
a Delaware limited liability company and a wholly-owned subsidiary of Regency MLP, as amended by that certain Amendment No. 1 to Agreement and Plan of Merger dated as of November 7, 2013. 

“PVR MLP” shall mean PVR Partners, L.P., a Delaware limited partnership. 

  
 First Amendment 

Page - 2 

 2.2 Amendment to Section 2.16(a) (Swingline Commitment). Clause (a)(i) of
Section 2.16 is hereby amended by replacing the reference to “$25.0 million” therein with “$50.0 million”. 
 2.3
Amendment to Section 2.18(a) (Increase in Commitments). Clause (a) of Section 2.18 is hereby amended by replacing the reference to “$300.0 million” therein with “$500 million”. 

2.4 Amendment to Section 5.02. 
  

	 	(a)	The preamble to Section 5.02 is hereby amended in its entirety to read as follows: 

“Furnish to the Administrative Agent and each Lender written notice of the following promptly (and, in any event, in the case of notices
delivered pursuant to clause (a), (b), (c) and (d) below, within five Business Days of knowledge thereof):” 
  

	 	(b)	Section 5.02(c) is hereby amended to delete the “and” after the semicolon. 

  

	 	(c)	Section 5.02(d) is hereby amended by replacing the “.” at the end thereof with “; and”. 

  

	 	(d)	A new clause (e) is hereby added to Section 5.02 to read in its entirety as follows: 

“(e) (i) the (A) acquisition, or (B) Commercial Operation Date, in each case, of a Pipeline that is required to be mortgaged
pursuant to Section 5.10(d), (ii) the acquisition of any Real Property that is required to be mortgaged pursuant to Section 5.10(c) and (iii) the construction or acquisition of any Building or Manufactured (Mobile) Home on any
Mortgaged Property that is required to be mortgaged pursuant to Section 5.10(e), in each case, within 30 days of the acquisition (or, in the case of clause (i)(B) above, the Commercial Operation Date, or in the case of clause (iii) above,
the acquisition or construction) thereof.” 
 2.5 Amendment to Section 5.10(d). The first sentence of Section 5.10(d)
if hereby amended and restated in its entirety to read as follows: 
 “Prior to the Investment Grade Date, promptly grant to the
Collateral Agent, within 60 days (or such later date as agreed to by the Collateral Agent in its sole discretion) of (i) the acquisition of a Pipeline by a Loan Party to the extent that such Pipeline, the Pipeline ROWs for such Pipeline system
and the real property that is part of such Pipeline system have an aggregate purchase price which equals or exceeds $25.0 million and (ii) the Commercial Operation Date of a Pipeline to the extent the aggregate capital cost of such Pipeline,
the Pipeline ROWs for such Pipeline system and the real property that is part of such Pipeline system have an aggregate capital cost (inclusive of acquisition and capital costs expended prior to the acquisition thereof, if applicable) equal to or
exceeding $25 million, a security interest in such Pipeline (to be perfected by a transmitting utility UCC financing statement) and a Mortgage on the Pipeline, the Pipeline ROWs for such Pipeline and all real property that is part of such Pipeline
system and that is owned in fee by a Loan Party, in each case, as additional security for the Secured Obligations.” 
 2.6 Amendment
to Section 6.01 (Indebtedness). Clause (a) of Section 6.01 is hereby amended by (a) deleting the “and” after clause (xiv), (b) deleting the “.” after clause (xv) and replacing it with “;
and” and (c) inserting the following as new clause (xvi): “(xvi) concurrently with and after the consummation of the PVR Acquisition, Indebtedness of Penn Virginia Resource Partners, L.P. and Penn Virginia Resource Finance Corporation
pursuant to that certain Indenture dated as of April 27, 2010, among Penn Virginia Resource Partners, L.P., Penn Virginia Resource Finance Corporation and Wells Fargo Bank, National Association, as Trustee, as supplemented by the First
Supplemental Indenture dated as of April 27, 2010 and the Third Supplemental Indenture dated as of May 17, 2012.” 

  
 First Amendment 

Page - 3 

 2.7 Amendments to Section 8.01 (Events of Default). 

(a) Clause (e) of Section 8.01 is hereby amended in its entirety to read as follows: 

“(e) default shall be made in the due observance or performance by any Loan Party of any covenant, condition or agreement contained in any
Loan Document (other than those specified in paragraphs (a), (b) or (d) immediately above) and such default shall continue unremedied or shall not be waived for a period of 30 days after (i) in the case of a default under
Section 5.02(e), the occurrence of such default and (ii) in the case of a default under any other any other covenant, condition or agreement contained in any Loan Document (other than those specified in paragraphs (a), (b) or
(d) or clause (e)(i) immediately above) written notice thereof from the Administrative Agent or any Lender to Borrower;” 
 (b)
Clause (f) of Section 8.01 is hereby amended by replacing the reference to “$10.0 million” therein with “$50.0 million”. 

(c) Clause (i) of Section 8.01 is hereby amended by replacing the reference to “$10.0 million” therein with “$50.0
million”. 
 2.8 Amendment to Section 6.14 (Limitation on Operating Subsidiaries). Section 6.14 is hereby amended and
restated in its entirety to read as follows: 
 “Regency MLP will not create another operating Subsidiary other than Borrower or a
Restricted Subsidiary of Borrower; provided, that, for the avoidance of doubt, the Borrower shall be permitted to create operating Subsidiaries in accordance with the terms of this Agreement.” 

2.9 Annex I (Revolving Commitments and Pro Rata Percentages). The Revolving Commitment and the Pro Rata Percentage of each Lender shall
be as set forth on Annex I attached hereto, which Annex I supersedes and replaces Annex I to the Credit Agreement. 

Section 3. Aggregate Revolving Commitments; Assignment. The aggregate Revolving Commitments shall be increased by $300 million to
$1.5 billion. The Borrower and the Lenders hereby agree and acknowledge that the Revolving Commitment of each Lender shall be as more particularly set forth on Annex I attached hereto. In connection herewith: 

(a) For an agreed consideration, each Existing Lender hereby irrevocably sells, assigns, transfers and conveys, and each Lender (severally and
not jointly) hereby irrevocably purchases all of such Existing Lender’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto (including all Loans
outstanding thereunder and all rights and obligations of such Existing Lender under the Credit Agreement) and, to the extent permitted to be assigned under applicable law, all claims suits, causes of action and any other right of such Existing
Lender against any person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related
to any of the forgoing (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 by such Existing Lender), such
that, after giving effect thereto, the Lenders shall hold Loans in an aggregate outstanding principal amount equal to the amount set forth opposite the name of each such Lender on Annex I attached hereto. 

(b) The foregoing assignments, transfers and conveyances are without recourse to the Existing Lenders and without any warranties whatsoever by
the Existing Lenders other than as set forth in clause (c) below or by the Administrative Agent. 
 (c) Each Existing Lender represents
and warrants to the Administrative Agent and each Lender that (i) it is the legal and beneficial owner of the Loans and other rights and obligations assigned hereunder, free and clear of 

  
 First Amendment 

Page - 4 

 
any adverse claim, (ii) it has the power and authority and the legal right to make, deliver and perform, and has taken all necessary action, to authorize the execution, delivery and
performance of this assignment and to fulfill its obligations under, and to consummate the transactions contemplated by, this assignment, and no consent or authorization of, filing with, or other act by or in respect of any Governmental Authority,
is required in connection herewith or therewith, and (iii) this First Amendment constitutes the legal, valid and binding obligation of such Existing Lender. Each Lender (severally and not jointly) represents and warrants to the Administrative
Agent, and each other Lender that (x) it has the power and authority and the legal right to make, deliver and perform, and has taken all necessary action, to authorize the execution, delivery and performance of this First Amendment and to
fulfill its obligations under, and to consummate the transactions contemplated by, this First Amendment, and no consent or authorization of, filing with, or other act by or in respect of any Governmental Authority, is required in connection herewith
or therewith and (y) this First Amendment constitutes the legal, valid and binding obligation of such Lender. The Administrative Agent makes no representation or warranty to any Lender or assumes any responsibility to any Lender, and no Lender
makes any representation or warranty to any other Lender or assumes any responsibility to any other Lender, in each case, with respect to the financial condition of Borrower or any of its Affiliates or the performance by Borrower or any of its
Affiliates of their respective obligations under the Loan Documents or assumes any responsibility with respect to any statements, warranties or representations made by Borrower or any of its Affiliates under or in connection with any Loan Document
or the execution, legality, validity, enforceability, genuineness, sufficiency or value of any Loan Document other than as expressly set forth above. 

(d) The Lenders hereby waive any requirements for notice of prepayment and the payment of any related prepayment penalties, any amounts
payable pursuant to Section 2.12, minimum amounts of prepayments of Loans, ratable reductions of the commitments of the Lenders and ratable payments on account of the principal or interest of any Loan to the extent such prepayment, reductions
or payments are otherwise required pursuant thereto. 
 (e) The Lenders hereby confirm that, from and after the First Amendment Effective
Date, all participations of the Lenders in respect of Letters of Credit and Swingline Loans outstanding under the Credit Agreement shall be reallocated to the Lenders so that the proportion of the Lenders’ outstanding Letters of Credit and
Swingline Loans shall be in proportion to their respective Pro Rata Percentages. 
 Section 4. Conditions Precedent. This First
Amendment shall be effective upon the date of the receipt by the Administrative Agent of the following documents and satisfaction of the other conditions provided in this Section 4, each of which shall be reasonably satisfactory to the
Administrative Agent in form and substance (or waived in accordance with Section 10.02) (the “First Amendment Effective Date”): 

4.1 First Amendment. The Administrative Agent shall have received from each Lender, each Guarantor and the Borrower, counterparts (in
such number as may be requested by the Administrative Agent) of this First Amendment signed on behalf of such Person. 
 4.2 Notes.
The Administrative Agent and each Lender shall have received duly executed Notes payable to each Lender that has requested a Note in a principal amount equal to its Revolving Commitment, dated as of the First Amendment Effective Date. 

4.3 Amendment to Security Agreement. The Collateral Agent shall have received from each party thereto duly executed counterparts (in
such number as may be requested by the Collateral Agent) of the First Amendment to Security Agreement dated as of the First Amendment Effective Date. 

4.4 Opinion. The Administrative Agent shall have received a legal opinion, in form and substance reasonably satisfactory to the
Administrative Agent, from each of Sidley Austin LLP, counsel to Borrower and Guarantors, and Liskow & Lewis, special Louisiana counsel to Gulf States Transmission LLC. 

4.5 Acquisition Agreements. The Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower
certifying that attached thereto are: (a) a true and complete executed copy of each Acquisition Agreement and (b) such other related documents and information as the Administrative Agent shall have reasonably requested. 

  
 First Amendment 

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 4.6 Third Party Consents. The Borrower shall have obtained all consents, exemptions,
authorizations, approvals, registrations or filings with, or any other action by, any Governmental Authority or any other third person required to consummate the transactions contemplated by this First Amendment, each of which shall be in full force
and effect as of the First Amendment Effective Date. 
 4.7 Authorization. The Administrative Agent shall have received such
certificates of resolutions or other actions, incumbency certificates and/or certificates of Responsible Officers of each Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each
Responsible Officer authorized to act as a Responsible Officer in connection with this First Amendment and the other Loan Documents to which such Loan Party is a party. 

4.8 Organization/Good Standing. The Administrative Agent shall have received such documents and certifications as the Administrative
Agent may reasonably require to evidence that each Loan Party is duly organized or formed, and that each Loan Party is validly existing, in good standing and qualified to engage in business in its jurisdiction of incorporation or formation and each
jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification. 
 4.9
Fees and Other Expenses. The Administrative Agent, Wells Fargo Securities, LLC, as lead arranger and bookrunner, and the Lenders shall have received all applicable fees and amounts due and payable on or prior to the First Amendment Effective
Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder (including, without limitation, the reasonable fees and expenses of Vinson & Elkins
LLP, counsel to the Administrative Agent and the Collateral Agent, to the extent previously invoiced to the Borrower). 
 4.10
Litigation. There shall be no action, suit or other proceeding seeking to enjoin or prevent the execution and delivery of the First Amendment or the transactions contemplated hereby. 

4.11 Officer’s Certificate. The Administrative Agent shall have received a certificate, dated the First Amendment Effective Date
and signed by a Responsible Officer of the Borrower, confirming compliance with the conditions precedent set forth in this Section 4 (other than conditions the satisfaction of which is subject to the determination of the Administrative Agent,
the Collateral Agent or the other Lenders). 
 4.12 No Default. No Default or Event of Default shall have occurred and be continuing
as of the First Amendment Effective Date. 
 4.13 Miscellaneous. The Administrative Agent shall have received such other assurances,
certificates, instruments, or documents as the Administrative Agent reasonably may require. 
 The Administrative Agent is hereby authorized
and directed to declare this First Amendment to be effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 4 or the waiver of
such conditions as permitted by Section 10.02. Such declaration shall be final, conclusive and binding upon all parties to this First Amendment for all purposes. 

Section 5. Post-Closing Conditions. Within 60 days following the First Amendment Effective Date (or such later date as may be
agreed to by the Administrative Agent in its sole discretion), the Collateral Agent shall have received the following with respect to the real property subject to a Mortgage as of the First Amendment Effective Date (the “Existing Mortgaged
Property”): (a) to the extent requested by the Collateral Agent, an amendment to each existing Mortgage (each a “Mortgage Amendment”) duly executed and acknowledged by the applicable Loan Party, and in form for
recording in the recording office where such existing Mortgage was recorded, together with such certificates, affidavits, questionnaires or returns as shall be required in connection with the recording or filing thereof under applicable Law, in each
case in form and substance reasonably satisfactory to the Collateral Agent, (b) with respect to each Mortgage Amendment, to the extent requested by the Collateral Agent, opinions of local counsel or such other special counsel to the Loan
Parties, which opinions (i) shall be addressed to the Collateral Agent and each of the Lenders, (ii) shall cover the due authorization, execution, delivery and 

  
 First Amendment 

Page - 6 

 
enforceability of the respective Mortgage as amended by the Mortgage Amendment and such other matters incident to the transactions contemplated herein as Administrative Agent may reasonably
request and (iii) shall be in form and substance reasonably satisfactory to the Collateral Agent and (c) such other certificates, documents and information in connection with the foregoing as are reasonably requested by the Lenders.
Subject to the rights of the Administrative Agent, the Collateral Agent and the Lenders under Section 5.11, the Mortgages delivered on the New Mortgaged Property shall be all of the Mortgages required with respect to such property. 

Section 6. Ratification and Affirmation; Representations and Warranties; Etc. Each Loan Party hereby (a) acknowledges the
terms of this First Amendment; (b) ratifies and affirms its obligations under, and acknowledges its continued liability under, each Loan Document to which it is a party and agrees that each Loan Document to which it is a party remains in full
force and effect as expressly amended hereby; and (c) represents and warrants to the Lenders that, as of the date hereof, after giving effect to the terms of this First Amendment: (i) all of the representations and warranties contained in
each Loan Document to which such Loan Party is a party are true and correct in all material respects as though made on and as of the First Amendment Effective Date except to the extent that any such representations and warranties are qualified as to
“materiality,” “Material Adverse Effect” or similar language, in which case such representations and warranties shall be true and correct in all respects (after giving effect to any such qualification); provided, that if any such
representations and warranties specifically refer to an earlier date, such representations and warranties were true and correct in all material respects as of such earlier date (except to the extent that any such representations and warranties are
qualified as to “materiality,” “Material Adverse Effect” or similar language, in which case such representations and warranties were true and correct in all respects (after giving effect to any such qualification) as of such
earlier date) and (ii) no Default or Event of Default has occurred and is continuing. Without limiting the generality of the foregoing, the Loan Documents and all of the Collateral described therein do and shall continue to secure the payment
of all Secured Obligations, as amended by this First Amendment and the First Amendment to Amended and Restated Security Agreement dated as of even date herewith, among the Loan Parties and the Collateral Agent. 

Section 7. Miscellaneous. 

7.1 Confirmation. The provisions of the Credit Agreement (as amended by this First Amendment) shall remain in full force and effect in
accordance with its terms following the effectiveness of this First Amendment. This First Amendment shall constitute a Loan Document, as such term is defined in the Credit Agreement. 

7.2 No Waiver. Except as expressly set forth herein, nothing contained in this First Amendment shall directly or indirectly in any way
whatsoever either: (a) impair, prejudice or otherwise adversely affect the Administrative Agent’s, Collateral Agent’s or the Lenders’ right at any time to exercise any right, privilege or remedy in connection with the Loan
Documents, (b) amend or alter any provision of the Credit Agreement, the other Loan Documents, or any other contract or instrument, (c) constitute any course of dealing or other basis for altering any obligation of the Borrower or any
right, privilege or remedy of the Administrative Agent, the Collateral Agent or the Lenders under the Credit Agreement, the other Loan Documents, or any other contract or instrument or (d) operate as a waiver of any right, privilege or remedy
of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. Each reference in the Credit Agreement to “this Agreement”, “hereunder”,
“hereof”, “herein” or any other word or words of similar import shall mean and be a reference to the Credit Agreement as amended hereby, and each reference in any other Loan Document to the Credit Agreement or any word or words
of similar import shall be and mean a reference to the Credit Agreement as amended hereby. 
 7.3 Counterparts. This First Amendment
may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of this First Amendment by facsimile or
electronic transmission shall be effective as delivery of a manually executed counterpart hereof. 
 7.4 Successors and Assigns. This
First Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns. 

  
 First Amendment 

Page - 7 

 7.5 Payment of Expenses. The Borrower agrees to pay or reimburse the Administrative Agent
for all of its reasonable and documented out-of-pocket costs and reasonable expenses incurred in connection with this First Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without
limitation, the reasonable and documented fees and disbursements of counsel to the Administrative Agent. 
 7.6 Severability. Any
provision of this First Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and
any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

7.7 No Oral Agreement. THIS WRITTEN FIRST AMENDMENT, THE
CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH
AND THEREWITH REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY
NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR UNWRITTEN ORAL
AGREEMENTS OF THE PARTIES. THERE ARE NO SUBSEQUENT ORAL AGREEMENTS BETWEEN
THE PARTIES. 
 7.8 Governing Law. THIS FIRST AMENDMENT
(INCLUDING, BUT NOT LIMITED TO, THE VALIDITY AND ENFORCEABILITY HEREOF) SHALL
BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK. 

  
 First Amendment 

Page - 8 

 IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed
effective as of the date first written above. 
  

					
	REGENCY GAS SERVICES LP, as Borrower
	By:	 	Regency OLP GP LLC, its General Partner
		
	By:	 	 /s/ Michael J. Bradley

	Name:	 	Michael J. Bradley
	Title:	 	President
	
	REGENCY ENERGY PARTNERS LP, as Guarantor
	By:	 	Regency GP LP, its General Partner
	By:	 	Regency GP LLC, its General Partner
		
	By:	 	 /s/ Michael J. Bradley

	Name:	 	Michael J. Bradley
	Title:	 	President and Chief Executive Officer
	
	CDM RESOURCE MANAGEMENT LLC
	FRONTSTREET HUGOTON LLC
	GULF STATES TRANSMISSION LLC
	REGAL MIDSTREAM LLC
	REGENCY FIELD SERVICES LLC
	REGENCY GAS UTILITY LLC
	REGENCY HAYNESVILLE INTRASTATE GAS LLC
	REGENCY HEP LLC
	REGENCY LIQUIDS PIPELINE LLC
	REGENCY MIDCONTINENT EXPRESS LLC
	REGENCY MIDSTREAM LLC
	REGENCY RANCH JV LLC
	REGENCY TEXAS PIPELINE LLC
	RGP MARKETING LLC
	RGU WEST LLC
	WGP-KHC, LLC
		 	By:	 	FrontStreet Hugoton LLC, its Sole Member, as Subsidiary Guarantors
		
	By:	 	Regency Gas Services LP, its Sole Member
	By:	 	Regency OLP GP LLC, its General Partner
		
	By:	 	 /s/ Michael J. Bradley

	Name:	 	Michael J. Bradley
	Title:	 	President
	
	PUEBLO MIDSTREAM GAS CORPORATION
	PUEBLO HOLDINGS, INC.
	RGP WESTEX GATHERING INC.
	WEST TEXAS GATHERING COMPANY, as Subsidiary Guarantors
		
	By:	 	 /s/ Michael J. Bradley

	Name:	 	Michael J. Bradley
	Title:	 	President

  
 First Amendment 

Signature Page 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Collateral Agent, a Lender and Swingline Lender
		
	By:	 	 /s/ Larry Robinson

	Name:	 	Larry Robinson
	Title:	 	Director
	
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Kate Czepiel

	Name:	 	Kate Czepiel
	Title:	 	Assistant Vice President
	
	THE ROYAL BANK OF SCOTLAND plc, as a Lender
		
	By:	 	 /s/ Brian Smith

	Name:	 	Brian Smith
	Title:	 	Authorised Signatory
	
	JPMORGAN CHASE BANK, N.A., as a Lender
		
	By:	 	 /s/ Stephanie Balette

	Name:	 	Stephanie Balette
	Title:	 	Authorized Officer
	
	BARCLAYS BANK PLC, as a Lender
		
	By:	 	 /s/ Ronnie Glenn

	Name:	 	Ronnie Glenn
	Title:	 	Vice President
	
	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/ Peter Kardos

	Name:	 	Peter Kardos
	Title:	 	Vice President
	
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender
		
	By:	 	 /s/ Michael Spaight

	Name:	 	Michael Spaight
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Jean-Marc Vauclair

	Name:	 	Jean-Marc Vauclair
	Title:	 	Authorized Signatory
	
	SUNTRUST BANK, as a Lender
		
	By:	 	 /s/ Chulley Bogle

	Name:	 	Chulley Bogle
	Title:	 	Vice President

  
 First Amendment 

Signature Page 

 
			
	NATIXIS NEW YORK BRANCH, as a Lender
		
	By:	 	 /s/ Stuart Murray

	Name:	 	Stuart Murray
	Title:	 	Managing Director
		
	By:	 	 /s/ Louis P. Laville III

	Name:	 	Louis P. Laville III
	Title:	 	Managing Director
	
	ROYAL BANK OF CANADA, as a Lender
		
	By:	 	 /s/ Mark LumpKin, Jr.

	Name:	 	Mark LumpKin, Jr.
	Title:	 	Authorized Signatory
	
	COMPASS BANK, as a Lender
		
	By:	 	 /s/ Umar Hassan

	Name:	 	Umar Hassan
	Title:	 	Vice President
	
	COMERICA BANK, as a Lender
		
	By:	 	 /s/ Brandon M. White

	Name:	 	Brandon M. White
	Title:	 	Assistant Vice President
	
	DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender
		
	By:	 	 /s/ Michael Getz

	Name:	 	Michael Getz
	Title:	 	Vice President
		
	By:	 	 /s/ Lisa Wong

	Name:	 	Lisa Wong
	Title:	 	Vice President
	
	MORGAN STANLEY BANK, N.A., as a Lender
		
	By:	 	 /s/ Kelly Chin

	Name:	 	Kelly Chin
	Title:	 	Authorized Signatory
	
	THE BANK OF NOVA SCOTIA, as a Lender
		
	By:	 	 /s/ Mark Sparrow

	Name:	 	Mark Sparrow
	Title:	 	Director
	
	UBS AG, STAMFORD BRANCH, as a Lender
		
	By:	 	 /s/ Lana Gifas

	Name:	 	Lana Gifas
	Title:	 	Director
		
	By:	 	 /s/ Jennifer Anderson

	Name:	 	Jennifer Anderson
	Title:	 	Associate Director
	
	AMEGY BANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ John G. Murray

	Name:	 	John G. Murray
	Title:	 	Senior Vice President

  
 First Amendment 

Signature Page 

 
			
	CAPITAL ONE, N.A., as a Lender
		
	By:	 	 /s/ Nancy Mak

	Name:	 	Nancy Mak
	Title:	 	Senior Vice President
	
	PNC BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ John Berry

	Name:	 	John Berry
	Title:	 	Vice President
	
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender
		
	By:	 	 /s/ Sherwin Brandford

	Name:	 	Sherwin Brandford
	Title:	 	Vice President
	
	FIFTH THIRD BANK, as a Lender
		
	By:	 	 /s/ Justin B. Crawford

	Name:	 	Justin B. Crawford
	Title:	 	Director
	
	ABN AMRO CAPITAL USA LLC, as a Lender
		
	By:	 	 /s/ Darrell Holley

	Name:	 	Darrell Holley
	Title:	 	Managing Director
		
	By:	 	 /s/ Casey Lowary

	Name:	 	Casey Lowary
	Title:	 	Executive Director
	
	BNP PARIBAS, as a Lender
		
	By:	 	 /s/ Sriram ChandraseKaran

	Name:	 	Sriram ChandraseKaran
	Title:	 	Vice President
		
	By:	 	 /s/ Julien Pecoud-Bouvet

	Name:	 	Julien Pecoud-Bouvet
	Title:	 	Associate
	
	GOLDMAN SACHS BANK USA, as a Lender
		
	By:	 	 /s/ Mark Walton

	Name:	 	Mark Walton
	Title:	 	Authorized Signatory
	
	SCOTIABANC INC., as a Lender
		
	By:	 	 /s/ J.F. Todd

	Name:	 	J.F. Todd
	Title:	 	Managing Director

  
 First Amendment 

Signature Page 

 Annex I 

REVOLVING COMMITMENTS AND PRO RATA PERCENTAGES 
  

									
	 LENDERS
	  	REVOLVING
COMMITMENT	 	  	PRO RATA PERCENTAGE	 
	 Wells Fargo Bank, National Association
	  	$	87,500,000	  	  	 	5.833333333	% 
	 Bank of America, N.A.
	  	$	85,000,000	  	  	 	5.666666667	% 
	 JPMorgan Chase Bank, N.A.
	  	$	85,000,000	  	  	 	5.666666667	% 
	 The Royal Bank of Scotland plc
	  	$	85,000,000	  	  	 	5.666666667	% 
	 Barclays Bank PLC
	  	$	75,000,000	  	  	 	5.000000000	% 
	 Citibank, N.A.
	  	$	75,000,000	  	  	 	5.000000000	% 
	 Credit Suisse AG, Cayman Islands Branch
	  	$	75,000,000	  	  	 	5.000000000	% 
	 Natixis New York Branch
	  	$	75,000,000	  	  	 	5.000000000	% 
	 Royal Bank of Canada
	  	$	75,000,000	  	  	 	5.000000000	% 
	 SunTrust Bank
	  	$	75,000,000	  	  	 	5.000000000	% 
	 Compass Bank
	  	$	68,750,000	  	  	 	4.583333333	% 
	 PNC Bank, National Association
	  	$	68,750,000	  	  	 	4.583333333	% 
	 The Bank of Nova Scotia
	  	$	31,250,000	  	  	 	2.083333333	% 
	 Scotiabanc Inc.
	  	$	31,250,000	  	  	 	2.083333333	% 
	 Capital One, N.A.
	  	$	62,500,000	  	  	 	4.166666667	% 
	 Comerica Bank
	  	$	62,500,000	  	  	 	4.166666667	% 
	 Deutsche Bank AG New York Branch
	  	$	62,500,000	  	  	 	4.166666667	% 
	 Morgan Stanley Bank, N.A.
	  	$	62,500,000	  	  	 	4.166666667	% 
	 UBS AG, Stamford Branch
	  	$	62,500,000	  	  	 	4.166666667	% 
	 Amegy Bank National Association
	  	$	45,000,000	  	  	 	3.000000000	% 
	 The Bank Of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	45,000,000	  	  	 	3.000000000	% 
	 Fifth Third Bank
	  	$	45,000,000	  	  	 	3.000000000	% 
	 ABN AMRO Capital USA LLC
	  	$	20,000,000	  	  	 	1.333333333	% 
	 BNP Paribas
	  	$	20,000,000	  	  	 	1.333333333	% 
	 Goldman Sachs Bank USA
	  	$	20,000,000	  	  	 	1.333333333	% 
	 TOTAL:
	  	$	1,500,000,000	  	  	 	100	% 

 Annex IEX-10.36

 Exhibit 10.36 

MAVENIR SYSTEMS, INC. 

SALES COMMISSION PLAN 

Effective February 7, 2014 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 1. PURPOSE
	  	 	1	  
		 	1.1   Purpose	  	 	1	  
		
	 2. DEFINITIONS
	  	 	1	  
			
		 	2.1   “Administrator”	  	 	1	  
		 	2.2   “Award”	  	 	1	  
		 	2.3   “Board”	  	 	1	  
		 	2.4   “BIC”	  	 	1	  
		 	2.5   “CFO”	  	 	1	  
		 	2.6   “Company”	  	 	1	  
		 	2.7   “Compensation Committee”	  	 	1	  
		 	2.8   “ERISA”	  	 	1	  
		 	2.9   “Participant”	  	 	2	  
		 	2.10 “PCP”	  	 	2	  
		 	2.11 “Plan”	  	 	2	  
		 	2.12 “Sales Quotas”	  	 	2	  
		
	 3. PARTICIPATION AND AWARD OPPORTUNITIES
	  	 	2	  
			
		 	3.1   Award Opportunities	  	 	2	  
		 	3.2   Eligibility	  	 	2	  
		 	3.3   Personal Compensation Plans	  	 	2	  
		 	3.4   Employee Termination	  	 	3	  
		 	3.5   New Employees; Partial-Year Employment	  	 	3	  
		 	3.6   Base Incentive Compensation (BIC)	  	 	3	  
		 	3.7   Payout	  	 	3	  
		 	3.8   Retirement, Disability or Death	  	 	3	  
		
	 4. SALES QUOTAS AND OTHER TERMS AND CONDITIONS
	  	 	4	  
			
		 	4.1   Setting Sales Quotas	  	 	4	  
		 	4.2   Accounts and Territories	  	 	4	  
		 	4.3   Commission Calculations	  	 	4	  
		 	4.4   Transfers of Customer Accounts	  	 	5	  
		
	 5. FORM AND TIMING OF THE AWARDS
	  	 	5	  
			
		 	5.1   Form of Awards	  	 	5	  
		 	5.2   Award Obligations	  	 	5	  
		
	 6. ADMINISTRATION
	  	 	6	  
			
		 	6.1   Administrator	  	 	6	  
		 	6.2   Authority	  	 	6	  
		 	6.3   Compensation Committee Review of Awards to Executive Officers	  	 	6	  

							
		
	 7. CONFIDENTIALITY OBLIGATION
	  	 	6	  
		
	 8. GENERAL PROVISIONS
	  	 	7	  
			
		 	8.1   Rights of Participants	  	 	7	  
		 	8.2   Non-assignability of Benefits	  	 	7	  
		 	8.3   Severability	  	 	7	  
		 	8.4   Prerequisites to Benefits	  	 	7	  
		 	8.5   Bonus Arrangement	  	 	7	  
		 	8.6   Powers of the Company	  	 	8	  
		 	8.7   Waiver	  	 	8	  
		 	8.8   Gender, Tense and Headings	  	 	8	  
		 	8.9   Governing Law	  	 	8	  
		 	8.10 Notice	  	 	8	  
		 	8.11 Entire Agreement	  	 	8	  
		 	8.12 No Individual Liability	  	 	8	  
		 	8.13 Amendment and Termination	  	 	9	  
		 	8.14 No Guarantee of Tax Consequence	  	 	9	  

 MAVENIR SYSTEMS, INC. 

SALES COMMISSION PLAN 

1. 
 PURPOSE 

1.1 Purpose. The goal of this Sales Commission Plan (the “Plan”) is to ensure a highly motivated
professional sales team by offering a compensation package aligned with the Company’s evolving corporate objectives and designed to support the Company’s growth. The Plan is intended to provide a basis by which sales personnel are motivate
to achieve, and rewarded for achieving and exceeding, product and service sales goals. 
 2. 

DEFINITIONS 
 The following
words and phrases shall have the following meanings: 
 2.1 “Administrator” means (i) the Board, (ii) the
Compensation Committee (to the extent that the Board authorizes the Compensation Committee to administer or make recommendations under the Plan) or (iii) a committee of Company officers as may be determined by the Board or by the Compensation
Committee in a given year. Any action taken by the Administrator regarding the Plan must include the approval of a majority of the members of any body or committee representing the Administrator, as applicable. 

2.2 “Award” means any grant to a Participant pursuant to the Plan. 

2.3 “Board” means the Board of Directors of the Company. 

2.4 “BIC” means Base Incentive Compensation. 

2.5 “CFO” means the Company’s Chief Financial Officer. 

2.6 “Company” means Mavenir Systems, Inc., a Delaware corporation, or any of its subsidiaries. 

2.7 “Compensation Committee” means the compensation committee of the Board. 

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

 2.9 “Participant” means an employee of the Company who is designated as a
participant in the Plan by the Administrator. 
 2.10 “PCP” means a Personal Compensation Plan. 

2.11 “Plan” shall have the meaning set forth in Section 1.1. 

2.12 “Sales Quotas” means those sales quotas, either on a Company-wide or Participant-by-Participant basis, determined
by the Administrator for any given measurement period and as revised from time to time by the Administrator pursuant to the Plan. 
 3.

 PARTICIPATION AND AWARD OPPORTUNITIES 

3.1 Award Opportunities. Each Participant may be assigned a targeted Award, expressed as a percent of salary or as a BIC, that
can decrease to zero, based on Sales Quota achievement. Award opportunities under the Plan may be redefined from time to time, as modifications are made to the Company’s sales compensation strategy. The Administrator reserves the right to
modify, suspend, or terminate this plan, at any time without advance notice to the Participants in its sole and absolute discretion. 
 3.2
Eligibility. The Administrator shall determine who may be Participants in the Plan and additional Participants may be added by the Administrator at any time. The number of eligible Participants is expected to vary from year to year, as
the Company expands and the sales compensation strategy and programs are refined. 
 3.3 Personal Compensation Plans. 

Quota Carriers. An annual PCP shall be provided to each Participant detailing the Participant’s individual Sales Quotas and showing
the commission rate paid for each type of sale. The Sales Quota will be a full-year target for a given calendar year or pro-rated accordingly for Participants who begin employment with the Company during the year as set forth in Section
3.5. 
 Once Sales Quotas are established, adjustments should not be necessary. However, the Administrator reserves the right to
make changes (up or down) to individual Sales Quotas due to changes in competition or other factors, in the sole discretion of the Administrator. It is the responsibility of the Company’s Executive Vice President of Sales and/or the Regional
Vice President to ensure any such changes are communicated to the individual in writing via a revised PCP. All PCPs must be signed by each Participant and the Executive Vice President of Sales and/or his or her Regional Vice President and the CFO
and delivered to the Company’s human resources office before incentive payments are made. 

  
 -2- 

 Sales Engineers. Incentive payments for sales engineer staff will be based on overall
regional and/or global order achievements. Compensation will be split between regional targets and the Company global target as may be set forth in the Participant’s PCP. The respective Sales Engineer PCP will contain details of these targets
and any variation from the standard terms. 
 3.4 Employee Termination. A Participant must be an employee of the Company in
good standing on the date an order is received to be eligible for an Award related to such order. If a Participant’s employment terminates prior to the date that the order is received, the participant will not be paid any Award for the order,
and Awards will only be paid on orders received up to and including a Participants last day of employment. 
 For Participants who resign
from the Company, any Award amounts held subject to cash collection will be released to the Participant on a pro rata basis with respect to all cash collected through the Participant’s last day of employment. Any Award arising will be paid in
the normal commission payment cycle after the end of the quarter in which the Participant leaves. Thereafter the Participant is not entitled to any further payment of Awards. 

3.5 New Employees; Partial-Year Employment. Newly hired Participants may earn Awards under this Plan on a pro-rata basis for
complete months worked during the measurement period based on the Participant’s start date of employment, unless the Administrator determines otherwise. Generally, it is anticipated that a Participant’s Sales Quotas will be pro-rated
according to the portion of the year during which the Participant is an employee with the Company. 
 3.6 Base Incentive Compensation
(BIC). A Participant’s BIC shall be defined in the PCP as the total anticipated sum of Awards to be paid to a Participant assuming 100% attainment of all objectives/targets in a full year, excluding the base salary of such Participant.

 3.7 Payout. Awards will be paid at a time and in the manner determined in the sole discretion of the Administrator and will
be paid only when, as and if the Administrator determines to distribute Awards. 
 3.8 Retirement, Disability or Death. In the
event that a Participant should retire, become disabled, or die during a particular Plan year, the Participant (or the designated beneficiary) will be eligible to receive Awards as follows: (i) all Awards earned but not yet paid will be settled
in the normal cycle upon the Participant’s retirement, disability or death, and (ii) the Participant (or designated beneficiary) will receive credit for any business derived from an assigned customer within 90 days from the date of the
sales employee’s retirement, disability or death. 
 4. 

SALES QUOTAS AND OTHER TERMS AND CONDITIONS 

4.1 Setting Sales Quotas. Awards shall be tied to achievement of the Sales Quotas. 

  
 -3- 

 The Administrator will determine the Sales Quotas at the beginning of each fiscal year for each
Participant, which shall be set forth in each respective Participant’s PCP. Sales Quotas may be set for an individual Participant or may be tied to overall targets for the Company, specific customers or prospects, specific products or services,
or a combination of the foregoing. Sales Quotas may be adjusted by the Administrator at any time, in its sole discretion, based on changes to the Company’s business strategy or performance. 

4.2 Accounts and Territories. Participants shall be assigned accounts/territories by their line managers. These may be defined
by geographic areas, specific customers, prospects, specific products and services, and/or a combination of the foregoing. All assignments are subject to change as sales resources and business conditions dictate. Out-of-territory/channel assignments
will be made selectively and in writing. 
 4.3 Commission Calculations. The following information will be determined by the
Administrator and communicated to the Participants via the PCP’s: 
 (a) methods for calculating Award payments
(including applicable rates as well as the treatment of orders placed or payments made in currencies other than the U.S. dollar) and the anticipated timing thereof; 

(b) criteria for orders or bookings that trigger an Award, and any cash collection requirements related to payment of Awards;

 (c) commission-sharing policies and procedures (if any); 

(d) incentives related to the securing of new customer accounts (if any); 

(e) policies and procedures regarding Award payments with respect to sales through channel partners; 

(f) special incentives related to specific product or customer campaigns (if any); 

(g) additional incentives for achievement above a Participant’s respective Sales Quota (if any); 

(h) provisions for adjustment of Sales Quotas during the Plan year (if any); 

(i) provisions for adjustment of Award payments due to order adjustments or cancellations by customers. 

4.4 Transfers of Customer Accounts. In the event that a customer account is transferred from one Participant to another, the
transition plan which will be applied to all bookings, revenue and cash credit for purposes of Award calculations will be according to the decision of the Administrator in consultation with the Regional Vice President. This decision will be made on
a case by case basis and confirmed to the Participants in writing. 

  
 -4- 

 5.

FORM AND TIMING OF THE AWARDS 

5.1 Form of Awards. In the event that the Administrator has determined to distribute Awards for a particular period, Awards will
be paid in cash to Participants as described in their PCP; provided, however, the Company shall deduct from all Awards payable under this Plan any amounts owed to the Company, compensation for harm caused to the Company, and specific required
or authorized payroll deductions (e.g., Court ordered child support, benefit plans, etc.), and any taxes required to be withheld by the national or any state or local government in which a Participant is located. No Participant shall be permitted to
elect to defer all or any portion of his/her Award relating to any relevant measurement period hereunder. 
 5.2 Award
Obligations. All Awards payable under this Plan shall be the obligation of the Company. If the Administrator determines that any person entitled to payments under this Plan is physically or mentally incompetent to receive such payments, the
Administrator shall make such payments to the legal guardian or other personal representative of such Participant for the use and benefit of such Participant. If the Administrator for any reason is unable to determine with reasonable certainty the
proper person to pay pursuant to the terms of the immediately preceding sentence, the Administrator shall pay any amounts due hereunder into a court of competent jurisdiction in an interpleader proceeding for purposes of being directed by such court
as to the proper disposition of any such amounts due hereunder. Any such payments so made by the Company, to the extent of the amounts thereof, shall fully discharge the Company’s obligations hereunder. Should the Participant die prior to
receiving all amounts due under this Plan, any unpaid amounts due hereunder shall be made to the Participant’s spouse, if such spouse survives the Participant, or, if there is no surviving spouse, to the legal representative of the
Participant’s estate, or if no administration is had on the estate, to the person or persons to whom Participant’s property shall pass by applicable laws of descent and distribution. 

6. 
 ADMINISTRATION

 6.1 Administrator. The Plan shall be administered by the Administrator. 

6.2 Authority. The Company’s Board retains ultimate authority to interpret the terms of this Plan. To the extent delegated
to the Administrator by the Board or the Compensation Committee, as applicable (if the Administrator is neither such body), the Administrator shall have the discretionary authority to construe, interpret and implement the terms of the Plan, to
determine eligibility of Participants to participate in the Plan, to determine Award amounts available under the 

  
 -5- 

 
Plan, if any, and to ensure fair and equitable application of the terms of the Plan. The Administrator must approve any deviation from the terms of this Plan or any Participant’s PCP, and
any such approval shall be in the Administrator’s sole discretion. The Administrator’s determination, decision or action with respect to the construction, interpretation, administration or application of the Plan and all Awards thereunder
shall be final, conclusive and binding on all Participants, and shall be given maximum deference permitted by law. The validity of any such determination, decision or action shall not be given de novo review if challenged in court, by arbitration,
or in any other forum, and shall be upheld unless clearly made in bad faith or materially affected by fraud. 
 6.3 Compensation
Committee Review of Awards to Executive Officers. In order to promote compliance with the applicable rules and regulations of the Securities and Exchange Commission and the listing standards of the New York Stock Exchange, the Compensation
Committee shall review and approve, on at least an annual basis, the payment of all Awards under this Plan to any Participant that is an “executive officer” of the Company, as that term is defined under Rule 3b-7 of the Securities Exchange
Act of 1934, as amended. 
 7.

CONFIDENTIALITY OBLIGATION 

This Plan is a special compensation program adopted by the Company solely for the benefit of those individuals who are designated as
Participants in the Plan. Each Participant has an affirmative obligation to maintain the confidentiality of the terms and conditions of his or her participation in the Plan, including his or her designation as a Participant in the Plan, except where
disclosure to a party is necessary because of the particular relationship the Participant shares with that party. Such parties may include the Participant’s spouse, attorney, tax or financial advisor, who, in turn, shall be advised by such
Participant that they may not disclose or communicate the terms and conditions of the Participant’s participation in the Plan. 

8.
 GENERAL PROVISIONS

 8.1 Rights of Participants. Nothing in this Plan shall be construed to: 

(a) Give the Participant any rights whatsoever with respect to any Award until such Award is actually paid to the Participant in accordance
with the terms of this Plan; 
 (b) Limit in any way the right of the Company to terminate the Participant’s employment by the Company
at any time; 
 (c) Give the Participant or any other person any interest in any fund or in any specific asset or assets of the Company; 

  
 -6- 

 (d) Give the Participant or any other person any interest or right other than those of any
unsecured general creditor of the Company; or 
 (e) Be evidence of any agreement or understanding, express or implied, that the Company will
employ the Participant in any particular position or at any particular rate of remuneration or for any particular period of time. 
 8.2
Non-assignability of Benefits. No right or benefit under this Plan shall be subject to anticipation, transfer, sale, assignment, pledge, encumbrance, or charge, and any attempt to anticipate, transfer, sell, assign, pledge, encumber,
or charge the same will be void. 
 8.3 Severability. If any provision of this Plan or any Participant’s PCP, or
combination of the same, is in violation of any applicable law or regulation, or is unenforceable or void for any reason, such provision(s) of the same shall be modified to the extent necessary to accomplish the intention of such provision without
violating applicable law or regulation and the remainder of the Agreement shall remain binding and in full force and effect upon the Participants. 

8.4 Prerequisites to Benefits. Neither the Participant, nor any person claiming through the Participant, shall have any right or
interest in this Plan, or any Award hereunder, unless and until all the terms, conditions, and provisions of this Plan which affect the Participant or such other person shall have been complied with as specified herein. 

8.5 Bonus Arrangement. This Plan is intended to be a discretionary bonus program that is designed to provide an on-going,
pecuniary incentive for the Participant to produce the Participant’s best efforts to increase the value of the Company. This Plan is not intended to provide retirement income or to defer the receipt of payments hereunder to the termination of
the Participant’s covered employment or beyond. This Plan is strictly an incentive bonus program (as described in U.S. Department of Labor Regulation Section 2510.3-2(c) or any successor thereto), and not a pension or welfare benefit plan
that is subject to ERISA. The Plan is intended to be exempt from Section 409A of the Code as a discretionary bonus program. All interpretations and determinations hereunder shall be made on a basis consistent with the status of the Plan as a
discretionary bonus program. 
 8.6 Powers of the Company. The existence of outstanding and unpaid contingent interests under
the Plan shall not affect in any way the right or power of the Company to make or authorize any adjustments, recapitalization, reorganization or other changes in the Company’s capital structure or in its business, or any merger or consolidation
of the Company, or any issue of bonds, debentures, common or preferred stock, if applicable, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other act or proceeding,
whether of a similar character or otherwise. 

  
 -7- 

 8.7 Waiver. A waiver by the Company, or the Participant, of any of the terms or
conditions contained in the Plan shall not be construed as a general waiver by such party of any other terms or conditions contained in this Plan. 

8.8 Gender, Tense and Headings. Whenever the context requires, words of the masculine gender used herein shall include the
feminine and neuter, and words used in singular shall include plural. Headings of Articles and Sections, as used herein, are inserted solely for convenience and reference and constitute no part of this Plan. 

8.9 Governing Law. This Plan shall be subject to and governed by the laws of the State of Texas (without regard to its conflict
of law rules) and, to the extent applicable, the laws of the United States. 
 8.10 Notice. Any notice required or permitted
to be given under this Plan shall be sufficient if in writing and hand delivered, or sent by registered or certified mail, to the Administrator, the Company, Participant or beneficiary, as applicable, at the address last furnished by such person.
Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the dates shown on the postmark on the receipts for registration or certification. 

8.11 Entire Agreement. This Plan and the PCP, including any supplements, exhibits and schedules hereto, set forth the entire
agreement and understanding between the Company and each Participant relating to the subject matter hereof and supersede and merge all prior discussions, agreements and understandings, both written and oral, between the Company and each Participant
with respect to the subject matter hereof. 
 8.12 No Individual Liability. No member of the Board of Directors, any officer
or employee of the Company, or the Administrator (or any person acting at their discretion in connection with the Plan) shall be liable for any determination, decision or action made in good faith with respect to the Plan or any payment under the
Plan. 
 8.13 Amendment and Termination. The Administrator may at any time amend, alter, suspend, supersede or terminate the
Plan for any reason, at any time, and in its sole discretion, with or without advance notice to Participants. 
 8.14 No Guarantee of
Tax Consequence. The Participant shall be solely responsible for and liable for any tax consequences (including but not limited to any interest or penalties) as a result of participation in the Plan. Neither the Board, the Company nor the
Administrator makes any commitment or guarantee that any federal, national, state or local tax treatment will apply or be available to any Participant and assumes no liability whatsoever for the tax consequences to any Participant. 

  
 -8-

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