Document:

General Release Agreement

 EXHIBIT 10.6 
 GENERAL RELEASE AGREEMENT 
 This GENERAL RELEASE AGREEMENT
(this “Agreement”), dated as of October 26, 2010, is entered into by and among InVivo Therapeutics Holding Corp., a Nevada corporation (“Seller”), DSource Split Corp., a Delaware corporation (“Split-Off
Subsidiary”), and Peter Reichard, Peter Coker and Lawrence Reichard (“Buyers”). In consideration of the mutual benefits to be derived from this Agreement, the covenants and agreements set forth herein, and other valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by the execution and delivery hereof, the parties hereto hereby agree as follows: 
 1. Split-Off Agreement. This Agreement is executed and delivered by Split-Off Subsidiary pursuant to the requirements of Section 8.3 of that certain Split-Off Agreement
(the “Split-Off Agreement”) by and among Seller, Split-Off Subsidiary and Buyers as a condition precedent to the closing (the “Closing”) of the Split-Off Agreement. 

2. Release and Waiver by Split-Off Subsidiary. For and in consideration of the covenants and promises
contained herein and in the Split-Off Agreement, the receipt and sufficiency of which are hereby acknowledged, Split-Off Subsidiary, on behalf of itself and its assigns, representatives and agents, if any, hereby covenants not to sue and fully,
finally and forever completely releases Seller, along with its present, future and former officers, directors, stockholders, members, employees, agents, attorneys and representatives (collectively, the “Seller Released Parties”), of and
from any and all claims, actions, obligations, liabilities, demands and/or causes of action, of whatever kind or character, whether now known or unknown, which Split-Off Subsidiary has or might claim to have against the Seller Released Parties for
any and all injuries, harm, damages (actual and punitive), costs, losses, expenses, attorneys’ fees and/or liability or other detriment, if any, whenever incurred or suffered by Split-Off Subsidiary arising from, relating to, or in any way
connected with, any fact, event, transaction, action or omission that occurred or failed to occur on or prior to the date of the Closing. 
 3. Release and Waiver by Buyers. For and in consideration of the covenants and promises contained herein and in the Split-Off Agreement, the receipt and sufficiency of which
are hereby acknowledged, Buyers hereby covenant not to sue and fully, finally and forever completely release the Seller Released Parties of and from any and all claims, actions, obligations, liabilities, demands and/or causes of action, of whatever
kind or character, whether now known or unknown which Buyers have or might claim to have against the Seller Released Parties for any and all injuries, harm, damages (actual and punitive), costs, losses, expenses, attorneys’ fees and/or
liability or other detriment, if any, whenever incurred or suffered by Buyers arising from, relating to, or in any way connected with, any fact, event, transaction, action or omission that occurred or failed to occur on or prior to the date of the
Closing. 

 4. Additional Covenants and Agreements. 

(a) Each of Split-Off Subsidiary and Buyers, on the one hand, and Seller, on the other hand, waives and releases the other from any
claims that this Agreement was procured by fraud or signed under duress or coercion so as to make this Agreement not binding. 

(b) Each of the parties hereto acknowledges and agrees that the releases set forth herein do not include any claims the other party
hereto may have against such party for such party’s failure to comply with or breach of any provision in this Agreement or the Split-Off Agreement. 
 (c) Notwithstanding anything contained herein to the contrary, this Agreement shall not release or waive, or in any manner affect or void, any party’s rights and obligations under the Split-Off
Agreement. 
 5. Modification. This Agreement cannot be modified orally and can only be modified
through a written document signed by both parties. 
 6. Severability. If any provision contained
in this Agreement is determined to be void, illegal or unenforceable, in whole or in part, then the other provisions contained herein shall remain in full force and effect as if the provision that was determined to be void, illegal or unenforceable
had not been contained herein. 
 7. Expenses. The parties hereto agree that each party shall pay
its respective costs, including attorneys’ fees, if any, associated with this Agreement. 
 8. Further
Acts and Assurances. Split-Off Subsidiary and each Buyer agrees that it will act in a manner supporting compliance, including compliance by its Affiliates, with all of its obligations under this Agreement and, from time to time, shall,
at the request of Seller, and without further consideration, cause the execution and delivery of such other instruments of release or waiver and take such other action or execute such other documents as such party may reasonably request in order to
confirm or effect the releases, waivers and covenants contained herein, and, in the case of any claims, actions, obligations, liabilities, demands and/or causes of action that cannot be effectively released or waived without the consent or approval
of other persons or entities that is unobtainable, to use its best reasonable efforts to ensure that the Seller Released Parties receive the benefits thereof to the maximum extent permissible in accordance with applicable law or other applicable
restrictions, and shall perform such other acts which may be reasonably necessary to effectuate the purposes of this Agreement. For the purposes of this Agreement, an “Affiliate” is a person or entity that directly, or indirectly
through one or more intermediaries, controls or is controlled by, or is under common control with, another specified person or entity. 
 9. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to principles of conflicts or
choice of laws thereof. 

  
 2 

 10. Entire Agreement. This Agreement constitutes the entire
understanding and agreement of Seller, Split-Off Subsidiary and Buyers and supersedes prior understandings and agreements, if any, among or between Seller, Split-Off Subsidiary and Buyers with respect to the subject matter of this Agreement, other
than as specifically referenced herein. This Agreement does not, however, operate to supersede or extinguish any confidentiality, non-solicitation, non-disclosure or non-competition obligations owed by Split-Off Subsidiary or Buyers to Seller under
any prior agreement. 
 [Signature Page Follows] 

  
 3 

 IN WITNESS WHEREOF, the undersigned have executed this General Release Agreement as
of the day and year first above written. 
  

			
	INVIVO THERAPEUTICS HOLDING CORP.
		
	By:	 	 /s/ Peter A. Reichard

	Name:	 	Peter A. Reichard
	Title:	 	President
	
	DSOURCE SPLIT CORP.
		
	By:	 	 /s/ Peter A. Reichard

	Name:	 	Peter A. Reichard
	Title:	 	President
	
	BUYERS:
	
	 /s/ Peter Reichard

	Peter Reichard
	
	 /s/ Peter Coker

	Peter Coker
	
	 /s/ Lawrence Reichard

	Lawrence ReichardAmended and Restated Credit Agreement

 Exhibit 10.2 
 CUSIP # 91135LAA8 
 $175,000,000 REVOLVING CREDIT FACILITY 

AMENDED AND RESTATED CREDIT AGREEMENT 
 by and among 
 UNITED REFINING COMPANY, 

UNITED REFINING COMPANY OF PENNSYLVANIA, 
 KIANTONE PIPELINE CORPORATION, 
 COUNTRY FAIR, INC. 

and 
 THE LENDERS
PARTY HERETO 
 and 
 PNC CAPITAL MARKETS LLC and MERRILL LYNCH, PIERCE, FENNER & SMITH 

INCORPORATED as Co-Lead Arrangers and Joint Bookrunners 
 and 
 PNC BANK, NATIONAL ASSOCIATION, as Administrative Agent 

and 
 BANK OF
AMERICA, N.A., as Documentation Agent 
 Dated as of May 18, 2011 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 1.          CERTAIN DEFINITIONS
	  	 	1	  
	 1.1        Certain Definitions
	  	 	1	  
	 1.2        Construction
	  	 	30	  
	 1.3        Accounting Principles; Changes in GAAP
	  	 	30	  
		
	 2.          REVOLVING CREDIT AND SWING LOAN FACILITIES
	  	 	31	  
	 2.1        Revolving Credit Commitments
	  	 	31	  
	 2.1.1    Revolving Credit Loans
	  	 	31	  
	 2.1.2    Swing Loan Commitment
	  	 	31	  
	 2.2        Nature of Lenders’ Obligations with Respect to Revolving Credit
Loans
	  	 	31	  
	 2.3        Commitment Fees
	  	 	32	  
	 2.4        [Intentionally Omitted]
	  	 	32	  
	 2.5        Revolving Credit Loan Requests; Swing Loan Requests
	  	 	32	  
	 2.5.1    Revolving Credit Loan Requests
	  	 	32	  
	 2.5.2    Swing Loan Requests
	  	 	33	  
	 2.6        Making Revolving Credit Loans and Swing Loans; Presumptions by the
Administrative Agent; Repayment of Revolving Credit Loans; Borrowings to Repay Swing Loans
	  	 	33	  
	 2.6.1    Making Revolving Credit Loans
	  	 	33	  
	 2.6.2    Presumptions by the Administrative Agent
	  	 	33	  
	 2.6.3    Making Swing Loans
	  	 	34	  
	 2.6.4    Repayment of Revolving Credit Loans
	  	 	34	  
	 2.6.5    Borrowings to Repay Swing Loans
	  	 	34	  
	 2.6.6    Swing Loans Under Cash Management Agreements
	  	 	34	  
	 2.7        Notes
	  	 	35	  
	 2.8        Use of Proceeds
	  	 	35	  
	 2.9        Letter of Credit Subfacility
	  	 	35	  
	 2.9.1    Issuance of Letters of Credit
	  	 	35	  
	 2.9.2    Letter of Credit Fees
	  	 	36	  
	 2.9.3    Disbursements, Reimbursement
	  	 	36	  
	 2.9.4    Repayment of Participation Advances
	  	 	37	  
	 2.9.5    Documentation
	  	 	38	  
	 2.9.6    Determinations to Honor Drawing Requests
	  	 	38	  
	 2.9.7    Nature of Participation and Reimbursement Obligations
	  	 	38	  
	 2.9.8    Indemnity
	  	 	40	  
	 2.9.9    Liability for Acts and Omissions
	  	 	40	  
	 2.9.10  Issuing Lender Reporting Requirements
	  	 	41	  
	 2.10      Defaulting Lenders
	  	 	41	  
	 2.11      Increase in Revolving Credit Commitments
	  	 	43	  
	 2.12      Reduction of Revolving Credit Commitment
	  	 	45	  

  
 i 

					
	 3.          [INTENTIONALLY OMITTED]
	  	 	45	  
		
	 4.          INTEREST RATES
	  	 	45	  
	 4.1        Interest Rate Options
	  	 	45	  
	 4.1.1    Revolving Credit Interest Rate Options; Swing Line Interest Rate
	  	 	46	  
	 4.2        Interest Periods
	  	 	46	  
	 4.2.1    Amount of Borrowing Tranche
	  	 	46	  
	 4.2.2    Renewals
	  	 	46	  
	 4.3        Interest After Default
	  	 	46	  
	 4.3.1    Letter of Credit Fees, Interest Rate
	  	 	46	  
	 4.3.2    Other Obligations
	  	 	46	  
	 4.3.3    Acknowledgment
	  	 	47	  
	 4.4        LIBOR Rate Unascertainable; Illegality; Increased Costs; Deposits Not
Available
	  	 	47	  
	 4.4.1    Unascertainable
	  	 	47	  
	 4.4.2    Illegality; Increased Costs; Deposits Not Available
	  	 	47	  
	 4.4.3    Administrative Agent’s and Lender’s Rights
	  	 	47	  
	 4.5        Selection of Interest Rate Options
	  	 	48	  
		
	 5.          PAYMENTS
	  	 	48	  
	 5.1        Payments
	  	 	48	  
	 5.2        Pro Rata Treatment of Lenders
	  	 	49	  
	 5.3        Sharing of Payments by Lenders
	  	 	49	  
	 5.4        Presumptions by Administrative Agent
	  	 	50	  
	 5.5        Interest Payment Dates
	  	 	50	  
	 5.6        Voluntary Prepayments
	  	 	50	  
	 5.6.1    Right to Prepay
	  	 	50	  
	 5.6.2    Replacement of a Lender
	  	 	51	  
	 5.7        Mandatory Prepayments
	  	 	52	  
	 5.7.1    Sale of Assets
	  	 	52	  
	 5.7.2    Borrowing Base Exceeded
	  	 	52	  
	 5.7.3    Application Among Interest Rate Options
	  	 	52	  
	 5.8        Increased Costs
	  	 	52	  
	 5.8.1    Increased Costs Generally
	  	 	52	  
	 5.8.2    Capital Requirements
	  	 	53	  
	 5.8.3    Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New
Loans
	  	 	53	  
	 5.8.4    Delay in Requests
	  	 	53	  
	 5.9        Taxes
	  	 	53	  
	 5.9.1    Payments Free of Taxes
	  	 	53	  
	 5.9.2    Payment of Other Taxes by the Borrowers
	  	 	54	  
	 5.9.3    Indemnification by the Borrowers
	  	 	54	  
	 5.9.4    Evidence of Payments
	  	 	54	  
	 5.9.5    Status of Lenders
	  	 	54	  
	 5.10      Indemnity
	  	 	55	  
	 5.11      Settlement Date Procedures
	  	 	56	  
	 5.12      Deposit into Lockbox
	  	 	56	  

  
 ii 

					
	 5.13      Receipt and Application of Payment; Cash Collateral Account; Collections; Administrative
Agent’s Right to Notify Account Debtors
	  	 	57	  
	 5.13.1  Receipt and Application of Payment
	  	 	57	  
	 5.13.2  Cash Collateral Account
	  	 	57	  
	 5.13.3  Collections; Administrative Agent’s Right to Notify Account Debtors
	  	 	58	  
		
	 6.          REPRESENTATIONS AND WARRANTIES
	  	 	58	  
	 6.1        Representations and Warranties
	  	 	58	  
	 6.1.1    Organization and Qualification; Power and Authority; Compliance With Laws; Title to Properties;
Event of Default; No Material Adverse Change
	  	 	58	  
	 6.1.2    Subsidiaries and Owners; Investment Companies
	  	 	59	  
	 6.1.3    Validity and Binding Effect
	  	 	59	  
	 6.1.4    No Conflict; Material Agreements; Consents
	  	 	59	  
	 6.1.5    Litigation
	  	 	60	  
	 6.1.6    Financial Statements
	  	 	60	  
	 6.1.7    Margin Stock
	  	 	60	  
	 6.1.8    Full Disclosure
	  	 	61	  
	 6.1.9    Taxes
	  	 	61	  
	 6.1.10  Patents, Trademarks, Copyrights, Licenses, Etc.
	  	 	61	  
	 6.1.11  Liens in the Collateral
	  	 	61	  
	 6.1.12  Insurance
	  	 	61	  
	 6.1.13  ERISA Compliance
	  	 	62	  
	 6.1.14  Environmental Matters
	  	 	62	  
	 6.1.15  Solvency
	  	 	64	  
	 6.1.16  Employment Matters
	  	 	64	  
	 6.1.17  Senior Debt Status
	  	 	64	  
	 6.2        Updates to Schedules
	  	 	64	  
		
	 7.          CONDITIONS OF LENDING AND ISSUANCE OF LETTERS OF
CREDIT
	  	 	64	  
	 7.1        First Loans and Letters of Credit
	  	 	64	  
	 7.1.1    Deliveries
	  	 	64	  
	 7.1.2    Payment of Fees
	  	 	66	  
	 7.2        Each Loan or Letter of Credit
	  	 	66	  
		
	 8.          COVENANTS
	  	 	66	  
	 8.1        Affirmative Covenants
	  	 	66	  
	 8.1.1    Preservation of Existence, Etc.
	  	 	66	  
	 8.1.2    Payment of Liabilities, Including Taxes, Etc.
	  	 	66	  
	 8.1.3    Maintenance of Insurance
	  	 	67	  
	 8.1.4    Maintenance of Properties and Leases
	  	 	67	  
	 8.1.5    Visitation Rights
	  	 	67	  
	 8.1.6    Field Exams
	  	 	67	  
	 8.1.7    Keeping of Records and Books of Account
	  	 	68	  
	 8.1.8    Compliance with Laws; Use of Proceeds
	  	 	68	  
	 8.1.9    Further Assurances
	  	 	68	  
	 8.1.10  Anti-Terrorism Laws
	  	 	68	  

  
 iii

					
	 8.1.11  Maintenance of Patents, Trademarks, Etc.
	  	 	68	  
	 8.1.12  Plans and Benefits Arrangements
	  	 	68	  
	 8.1.13  Subordination of Intercompany Loans
	  	 	69	  
	 8.1.14  Tax Sharing
	  	 	69	  
	 8.1.15  JPMorgan Deposit Account Control Agreement
	  	 	69	  
	 8.2        Negative Covenants
	  	 	69	  
	 8.2.1    Indebtedness
	  	 	69	  
	 8.2.2    Liens; Lien Covenants
	  	 	70	  
	 8.2.3    Guaranties
	  	 	70	  
	 8.2.4    Loans and Investments
	  	 	70	  
	 8.2.5    Dividends and Related Distributions
	  	 	71	  
	 8.2.6    Liquidations, Mergers, Consolidations, Acquisitions
	  	 	71	  
	 8.2.7    Dispositions of Assets or Subsidiaries
	  	 	73	  
	 8.2.8    Affiliate Transactions
	  	 	74	  
	 8.2.9    Subsidiaries, Partnerships and Joint Ventures
	  	 	74	  
	 8.2.10  Continuation of or Change in Business
	  	 	75	  
	 8.2.11  Fiscal Year
	  	 	75	  
	 8.2.12  Issuance of Stock
	  	 	75	  
	 8.2.13  Changes in Organizational Documents and Senior Secured Notes
	  	 	75	  
	 8.2.14  Capital Expenditures and Leases
	  	 	76	  
	 8.2.15  Plans and Benefit Arrangements
	  	 	76	  
	 8.2.16  Negative Pledge Covenants
	  	 	77	  
	 8.2.17  Intentionally Omitted
	  	 	77	  
	 8.2.18  Enbridge Costs; Enbridge Cash Collateral
	  	 	77	  
	 8.2.19  Minimum Net Worth
	  	 	77	  
	 8.2.20  Minimum Undrawn Availability
	  	 	77	  
	 8.3        Reporting Requirements
	  	 	78	  
	 8.3.1    Quarterly Financial Statements
	  	 	78	  
	 8.3.2    Annual Financial Statements
	  	 	78	  
	 8.3.3    Certificate of the Borrowers
	  	 	78	  
	 8.3.4    Borrowing Base Certificates, Schedules of Accounts, Inventory and Payables
	  	 	78	  
	 8.3.5    Notices
	  	 	79	  
		
	 9.          DEFAULT
	  	 	80	  
	 9.1        Events of Default
	  	 	80	  
	 9.1.1    Payments Under Loan Documents
	  	 	80	  
	 9.1.2    Breach of Warranty
	  	 	80	  
	 9.1.3    Breach of Negative Covenants or Visitation Rights
	  	 	80	  
	 9.1.4    Breach of Other Covenants
	  	 	80	  
	 9.1.5    Defaults in Other Agreements or Indebtedness
	  	 	80	  
	 9.1.6    Final Judgments or Orders
	  	 	80	  
	 9.1.7    Loan Document Unenforceable
	  	 	81	  
	 9.1.8    Uninsured Losses; Proceedings Against Assets
	  	 	81	  
	 9.1.9    Events Relating to Plans and Benefit Arrangements
	  	 	81	  
	 9.1.10  Change of Control
	  	 	81	  
	 9.1.11  Relief Proceedings
	  	 	81	  
	 9.2        Consequences of Event of Default
	  	 	81	  

  
 iv 

					
	 9.2.1    Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings
	  	 	81	  
	 9.2.2    Bankruptcy, Insolvency or Reorganization Proceedings
	  	 	82	  
	 9.2.3    Set-off
	  	 	82	  
	 9.2.4    Application of Proceeds
	  	 	83	  
		
	 10.        THE ADMINISTRATIVE AGENT
	  	 	84	  
	 10.1      Appointment and Authority
	  	 	84	  
	 10.2      Rights as a Lender
	  	 	84	  
	 10.3      Exculpatory Provisions
	  	 	84	  
	 10.4      Reliance by Administrative Agent
	  	 	85	  
	 10.5      Delegation of Duties
	  	 	85	  
	 10.6      Resignation of Administrative Agent
	  	 	85	  
	 10.7      Non-Reliance on Administrative Agent and Other Lenders
	  	 	86	  
	 10.8      No Other Duties, etc.
	  	 	87	  
	 10.9      Administrative Agent’s Fee
	  	 	87	  
	 10.10   Authorization to Release Collateral and Guarantors
	  	 	87	  
	 10.11   No Reliance on Administrative Agent’s Customer Identification Program
	  	 	87	  
		
	 11.        MISCELLANEOUS
	  	 	87	  
	 11.1      Modifications, Amendments or Waivers
	  	 	87	  
	 11.1.1  Increase of Commitment
	  	 	88	  
	 11.1.2  Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment
	  	 	88	  
	 11.1.3  Release of Collateral or Guarantor
	  	 	88	  
	 11.1.4  Miscellaneous
	  	 	88	  
	 11.1.5  Borrowing Base; Qualified Accounts; Qualified Enbridge Pipeline Inventory; Qualified Inventory
	  	 	88	  
	 11.2      No Implied Waivers; Cumulative Remedies
	  	 	90	  
	 11.3      Expenses; Indemnity; Damage Waiver
	  	 	90	  
	 11.3.1  Costs and Expenses
	  	 	90	  
	 11.3.2  Indemnification by the Borrowers
	  	 	90	  
	 11.3.3  Reimbursement by Lenders
	  	 	91	  
	 11.3.4  Waiver of Consequential Damages, Etc.
	  	 	91	  
	 11.3.5  Payments
	  	 	91	  
	 11.4      Holidays
	  	 	91	  
	 11.5      Notices; Effectiveness; Electronic Communication
	  	 	92	  
	 11.5.1  Notices Generally
	  	 	92	  
	 11.5.2  Electronic Communications
	  	 	92	  
	 11.5.3  Change of Address, Etc.
	  	 	93	  
	 11.6      Severability
	  	 	93	  
	 11.7      Duration; Survival; Term
	  	 	93	  
	 11.8      Successors and Assigns
	  	 	93	  
	 11.8.1  Successors and Assigns Generally
	  	 	93	  
	 11.8.2  Assignments by Lenders
	  	 	93	  
	 11.8.3  Register
	  	 	95	  
	 11.8.4  Participations
	  	 	95	  
	 11.8.5  Limitations upon Participant Rights Successors and Assigns Generally
	  	 	96	  

  
 v 

					
	 11.8.6  Certain Pledges; Successors and Assigns Generally
	  	 	96	  
	 11.9      Confidentiality
	  	 	96	  
	 11.9.1  General
	  	 	96	  
	 11.9.2  Sharing Information With Affiliates of the Lenders
	  	 	97	  
	 11.10   Obligations Absolute
	  	 	97	  
	 11.11   Joinder
	  	 	98	  
	 11.12   Waivers, etc.
	  	 	98	  
	 11.13   Joint and Several Liability; Guaranty and Surety Matters
	  	 	99	  
	 11.14   Counterparts; Integration; Effectiveness
	  	 	100	  
	 11.14.1  Counterparts; Integration; Effectiveness
	  	 	100	  
	 11.15   CHOICE OF LAW; SUBMISSION TO JURISDICTION; WAIVER OF VENUE; SERVICE OF PROCESS; WAIVER OF JURY
TRIAL
	  	 	101	  
	 11.15.1  Governing Law
	  	 	101	  
	 11.15.2  SUBMISSION TO JURISDICTION
	  	 	101	  
	 11.15.3  WAIVER OF VENUE
	  	 	101	  
	 11.15.4  SERVICE OF PROCESS
	  	 	102	  
	 11.15.5  WAIVER OF JURY TRIAL
	  	 	102	  
	 11.16   USA Patriot Act Notice
	  	 	102	  
	 11.17   No Novation
	  	 	102	  

  
 vi 

 LIST OF SCHEDULES AND EXHIBITS 

SCHEDULES 
  

					
	SCHEDULE 1.1(A)	  	-	  	PRICING GRID
	SCHEDULE 1.1(B)	  	-	  	COMMITMENTS OF LENDERS AND ADDRESSES FOR NOTICES
	SCHEDULE 1.1(P)	  	-	  	PERMITTED LIENS
	SCHEDULE 2.9.1	  	-	  	EXISTING LETTERS OF CREDIT
	SCHEDULE 6.1.1	  	-	  	QUALIFICATIONS TO DO BUSINESS
	SCHEDULE 6.1.2	  	-	  	SUBSIDIARIES
	SCHEDULE 6.1.13	  	-	  	ERISA DISCLOSURES
	SCHEDULE 7.1.1	  	-	  	OPINION OF COUNSEL
	SCHEDULE 8.1.3	  	-	  	INSURANCE REQUIREMENTS RELATING TO COLLATERAL
	SCHEDULE 8.2.1	  	-	  	PERMITTED INDEBTEDNESS
	SCHEDULE 8.2.4	  	-	  	EXISTING INVESTMENTS
			
	EXHIBITS	  		  	
			
	EXHIBIT 1.1(A)	  	-	  	ASSIGNMENT AND ASSUMPTION AGREEMENT
	EXHIBIT 1.1(G)(1)	  	-	  	GUARANTOR JOINDER
	EXHIBIT 1.1(G)(2)	  	-	  	GUARANTY AGREEMENT
	EXHIBIT 1.1(I)	  	-	  	INTERCOMPANY SUBORDINATION AGREEMENT
	EXHIBIT 1.1(L)	  	-	  	LANDLORD/WAREHOUSEMAN’S WAIVER
	EXHIBIT 1.1(N)(1)	  	-	  	REVOLVING CREDIT NOTE
	EXHIBIT 1.1(N)(2)	  	-	  	SWING LOAN NOTE
	EXHIBIT 1.1(S)	  	-	  	SECURITY AGREEMENT
	EXHIBIT 2.5.1	  	-	  	LOAN REQUEST
	EXHIBIT 2.5.2	  	-	  	SWING LOAN REQUEST
	EXHIBIT 8.2.6	  	-	  	ACQUISITION COMPLIANCE CERTIFICATE
	EXHIBIT 8.3.3	  	-	  	QUARTERLY COMPLIANCE CERTIFICATE
	EXHIBIT 8.3.4	  	-	  	BORROWING BASE CERTIFICATE

  
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 CREDIT AGREEMENT 

THIS AMENDED AND RESTATED CREDIT AGREEMENT (as hereafter amended, the “Agreement”) is dated as of May 18, 2011 and
is made by and among UNITED REFINING COMPANY, a Pennsylvania corporation (“United Refining”), UNITED REFINING COMPANY OF PENNSYLVANIA, a Pennsylvania corporation (“United Refining PA”), KIANTONE
PIPELINE CORPORATION, a New York corporation (“Kiantone”), COUNTRY FAIR, INC., a Pennsylvania corporation (“Country Fair”) and hereinafter together with Kiantone, United Refining and United Refining PA sometimes
collectively referred to as the “Borrowers” and individually as a “Borrower”), each of the GUARANTORS (as hereinafter defined), the LENDERS (as hereinafter defined), and PNC BANK, NATIONAL ASSOCIATION, in its
capacity as administrative agent for the Lenders under this Agreement (hereinafter referred to in such capacity as the “Administrative Agent”), BANK OF AMERICA, N.A. as Documentation Agent and PNC CAPITAL MARKETS and MERRILL LYNCH,
PIERCE, FENNER & SMITH INCORPORATED as co-lead arrangers and joint bookrunners. 
 The Borrowers have requested the
Lenders to provide a revolving credit facility to the Borrowers in an aggregate principal amount initially not to exceed $175,000,000, which amount may be increased to an aggregate amount not to exceed $225,000,000 pursuant to Section 2.11
[Increase in Revolving Credit Commitments] hereof. In consideration of their mutual covenants and agreements hereinafter set forth and intending to be legally bound hereby, the parties hereto covenant and agree as follows: 

1. CERTAIN DEFINITIONS 
 1.1 Certain Definitions. In addition to words and terms defined elsewhere in this Agreement, the following words and terms shall have the following meanings, respectively, unless the context hereof
clearly requires otherwise: 
 2002 Credit Agreement shall mean that certain Amended and Restated Credit
Agreement dated July 12, 2002, by and among the Borrowers, the guarantors party thereto, the lenders party thereto and PNC as agent, as amended. 
 Account shall mean any account, contract right, general intangible, chattel paper, instrument or document representing any right to payment for goods sold (as such terms are defined in the Uniform
Commercial Code) or services rendered, whether or not earned by performance and whether or not evidenced by a contract, instrument or document, which is now owned or hereafter acquired by a Loan Party. All Accounts, whether Qualified Accounts or
not, shall be subject to the Lenders’ Prior Security Interest. 
 Account Debtor shall mean any
Person who is or who may become obligated to a Loan Party under, with respect to, or on account of, an Account. 

Acquisition Consideration shall mean, without duplication and with respect to any Permitted Acquisition, the
aggregate of (i) the cash paid by any of the Loan Parties, directly or indirectly, to the seller in connection therewith, (ii) the Indebtedness incurred or assumed by any 

 
of the Loan Parties, whether in favor of the seller or otherwise and whether fixed or contingent, (iii) any Guaranty given or incurred by any Loan Party in connection therewith, and
(iv) any other consideration given or obligation incurred by any of the Loan Parties in connection therewith. 
 Administrative Agent shall mean PNC Bank, National Association, and its successors and assigns. 
 Administrative Agent’s Fee shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee]. 

Administrative Agent’s Letter shall have the meaning specified in Section 10.9 [Administrative
Agent’s Fee]. 
 Affiliate as to any Person shall mean any other Person (i) which directly or
indirectly controls, is controlled by, or is under common control with such Person, (ii) which beneficially owns or holds ten percent (10%) or more of any class of the voting or other equity interests of such Person, or (iii) ten
percent (10%) or more of any class of voting interests or other equity interests of which is beneficially owned or held, directly or indirectly, by such Person. 

Anti-Terrorism Laws shall mean any Laws relating to terrorism or money laundering, including Executive Order
No. 13224, the USA Patriot Act, the Laws comprising or implementing the Bank Secrecy Act, and the Laws administered by the United States Treasury Department’s Office of Foreign Asset Control (as any of the foregoing Laws may from time to
time be amended, renewed, extended, or replaced). 
 Applicable Letter of Credit Fee Rate shall mean the
percentage rate per annum based on the Average Excess Availability then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.” 

Applicable Margin shall mean, as applicable: 

(A) the percentage spread to be added to the Base Rate applicable to Revolving Credit Loans under the Base Rate Option
based on the Average Excess Availability then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Revolving Credit Base Rate Spread”, or 

(B) the percentage spread to be added to the LIBOR Rate applicable to Revolving Credit Loans under the LIBOR Rate Option
based on the Average Excess Availability then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Revolving Credit LIBOR Rate Spread”. 

Approved Fund shall mean any fund that is engaged in making, purchasing, holding or investing in bank loans and
similar extensions of credit in the ordinary course of business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.

  
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 Assignment and Assumption Agreement shall mean an assignment and
assumption agreement entered into by a Lender and an assignee permitted under Section 11.8 [Successors and Assigns], in substantially the form of Exhibit 1.1(A). 

Authorized Officer shall mean, with respect to any Loan Party, the Chief Executive Officer, President, Chief
Financial Officer, Treasurer or Assistant Treasurer of such Loan Party or such other individuals, designated by written notice to the Administrative Agent from the Borrowers, authorized to execute notices, reports and other documents on behalf of
the Loan Parties required hereunder. The Borrowers may amend such list of individuals from time to time by giving written notice of such amendment to the Administrative Agent. 

Average Excess Availability shall mean, for any fiscal quarter of the Borrowers, the average daily difference
between (i) the Borrowing Base, and (ii) the Revolving Facility Usage. 
 Base Rate shall mean,
for any day, a fluctuating per annum rate of interest equal to the highest of (a) the Federal Funds Open Rate, plus one half percent (0.5%), and (b) the Prime Rate, and (c) the Daily LIBOR Rate, plus one percent (1.0%).
Any change in the Base Rate (or any component thereof) shall take effect at the opening of business on the day such change occurs. 
 Base Rate Option shall mean the option of the Borrowers to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(i) [Revolving Credit Interest Rate Options].

 Benefit Arrangement shall mean at any time an “employee benefit plan,” within the meaning of
Section 3(3) of ERISA, which is neither a Plan nor a Multiemployer Plan and which is maintained, sponsored or otherwise contributed to by any member of the ERISA Group. 

Borrowers shall mean Country Fair, Kiantone, United Refining, and United Refining PA. 

Borrowing Base shall mean at any time the sum of: 

(i) one hundred percent (100%) of cash held in the Cash Collateral Account (“Cash Portion”), plus

 (ii) eighty-five percent (85%) of Qualified Accounts (“Accounts Portion”), plus

 (iii) the lesser of the amount in (A) or the amount in (B) below (“Inventory
Portion”): 
 (A) seventy percent (70%) of Qualified Inventory (or with respect to Retail Store
Inventory other than gasoline or motor fuels during a Retail Inventory Lien Period, the lesser of seventy percent (70%) of such Qualified Inventory or eighty-five percent (85%) of the net orderly liquidation value of such Qualified
Inventory (as evidenced by an appraisal on all such Qualified Inventory that is performed in conjunction with the commencement of the Retail 

  
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Inventory Lien Period, which appraisal shall be in form and substance satisfactory to the Administrative Agent), or 

(B) $140,000,000 (subject to any increase pursuant to Section 2.11(iii) [Proportionate Increases] hereto).

 Borrowing Date shall mean, with respect to any Loan, the date for the making thereof or the renewal or
conversion thereof at or to the same or a different Interest Rate Option, which shall be a Business Day. 

Borrowing Tranche shall mean specified portions of Loans outstanding as follows: (i) any Loans to which a
LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrowers and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate
Option applies shall constitute one Borrowing Tranche. 
 Business Day shall mean any day other than a
Saturday or Sunday or a legal holiday on which commercial banks are authorized or required to be closed for business in Pittsburgh, Pennsylvania and if the applicable Business Day relates to any Loan to which the LIBOR Rate Option applies, such day
must also be a day on which dealings are carried on in the London interbank market. 
 Canadian Law shall
mean the Law of the Canadian provinces of Alberta, Saskatchewan, Manitoba or Ontario, as the case may be, and the federal laws of Canada applicable therein. 
 Cash Collateral Account shall mean the cash collateral account maintained by each of the Borrowers with the Administrative Agent from which monies may be withdrawn only by the Administrative Agent.

 Cash Management Agreements shall have the meaning specified in Section 2.6.6 [Swing Loans Under
Cash Management Agreements]. 
 Cash Dominion Triggering Event shall mean the occurrence of either
(i) an Event of Default, (ii) the average quarterly Undrawn Availability is less than 15.0% of the Maximum Revolving Advance Amount for the most recently ended fiscal quarter or (iii) the Undrawn Availability is less than 12.0% of the
Maximum Revolving Advance Amount for five (5) consecutive Business Days. 
 Change in Law shall mean
the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any Law, (b) any change in any Law or in the administration, interpretation or application thereof by any Official Body or
(c) the making or issuance of any guideline or directive (whether or not having the force of Law) by any Official Body; provided however, for purposes of this Agreement, the Dodd-Frank Wall Street Reform and Consumer Protection Act and
all requests, guidelines and directives in connection therewith are deemed to have gone into effect and adopted after the date of this Agreement, and provided further, for purposes of Section 5.8.2 [Capital Requirements], all requests,
rules, guidelines or directives promulgated by the Bank of International Settlements, the Basel Committee on 

  
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Banking Regulations and Supervisory Practices (or any successor or similar authority) or the United States financial regulatory authorities with respect to capital adequacy shall be deemed to be
a Change in Law regardless of the date adopted, issued, promulgated or implemented. 
 Closing Date shall
mean the Business Day on which the first Loan shall be made, which shall be May 18, 2011. 
 Code
shall mean the Internal Revenue Code of 1986, as the same may be amended or supplemented from time to time, and any successor statute of similar import, and the rules and regulations thereunder, as from time to time in effect. 

Collateral shall mean the collateral under the Security Agreement. 

Commercial Letter of Credit shall mean any Letter of Credit which is a commercial letter of credit issued in
respect of the purchase of goods or services by one or more of the Loan Parties in the ordinary course of their business. 
 Commitment shall mean as to any Lender the aggregate of its Revolving Credit Commitment and, in the case of PNC, its Swing Loan Commitment, and Commitments shall mean the aggregate of the
Revolving Credit Commitments and Swing Loan Commitment of all of the Lenders. 
 Commitment Fee shall have
the meaning specified in Section 2.3 [Commitment Fees]. 
 Compliance Certificate shall have the
meaning specified in Section 8.3.3 [Certificate of the Borrower]. 
 Consolidated Net Worth shall
mean, as of any date of determination, the net worth excluding accumulated other comprehensive income, of the Borrowers and their Subsidiaries as of such date determined and consolidated in accordance with GAAP and computed on a FIFO accounting
basis. 
 Country Fair shall mean Country Fair, Inc., a Pennsylvania corporation. 

Daily LIBOR Rate shall mean, for any day, the rate per annum determined by the Administrative Agent by dividing
(x) the Published Rate by (y) a number equal to 1.00 minus the LIBOR Reserve Percentage on such day. 
 Defaulting Lender shall mean any Lender that (a) has failed, within two Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any
portion of its participations in Letters of Credit or Swing Loans or (iii) pay over to the Administrative Agent, the Issuing Lender, PNC (as the Swing Loan Lender) or any Lender any other amount required to be paid by it hereunder, unless, in
the case of clause (i) above, such Lender notifies the Administrative 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 the Borrowers or the Administrative Agent in writing, or has made a public statement to the effect, that it does 

  
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not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good
faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend
credit, (c) has failed, within two Business Days after request by the Administrative Agent, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations (and is
financially able to meet such obligations) to fund prospective Loans and participations in then outstanding Letters of Credit and Swing Loans under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this
clause (c) upon the Administrative Agent’s receipt of such certification in form and substance satisfactory to the Administrative Agent, (d) has become the subject of a Bankruptcy Event or (e) has failed at any time to comply
with the provisions of Section 5.3 with respect to purchasing participations from the other Lenders, whereby such Lender’s share of any payment received, whether by setoff or otherwise, is in excess of its Ratable Share of such payments
due and payable to all of the Lenders. 
 As used in this definition and in Section 2.10 [Defaulting
Lenders], the term “Bankruptcy Event” means, with respect to any Person, such Person or such Person’s direct or indirect parent company becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator,
trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken
any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any
ownership interest, in such Person or such Person’s direct or indirect parent company by a Official Body or instrumentality thereof if, and only if, such ownership interest does not result in or provide such Person with immunity from the
jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Official Body or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or
agreements made by such Person. 
 Depository shall have the meaning assigned to that term in
Section 5.13.1[Receipt and Application of Payment] hereof. 
 Deposit Account Control Agreements
shall mean that JPMorgan Deposit Account Control Agreement, the PNC Deposit Account Control Agreement and such other deposit account control agreements entered into among the Administrative Agent, the Borrowers or such other depository bank
acceptable to the Administrative Agent, in form and substance satisfactory to the Administrative Agent. 

Dollar, Dollars, U.S. Dollars and the symbol $ shall mean lawful money of the United States of America.

 Drawing Date shall have the meaning specified in Section 2.9.3 [Disbursements, Reimbursement].

  
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 Enbridge shall mean any one or more of Enbridge Energy Company, Inc.,
Enbridge Energy Limited Partnership and Enbridge Pipelines Inc. 
 Enbridge Cash Collateral Agreement
shall mean that certain Security and Agency Agreement among Enbridge and United Refining dated as of August 25, 2003, as such agreement is modified, amended, restated or supplemented from time to time with the consent of the Administrative
Agent. 
 Enbridge Pipeline shall mean that pipeline transportation system and the related terminals and
holding facilities owned and/or operated by Enbridge, used by any Loan Party to ship Inventory through one or more of the following Canadian provinces: Alberta, Saskatchewan, Manitoba and Ontario, as well as through the United States. 

Environmental Complaint shall mean any written complaint setting forth a cause of action for personal or property
damage or natural resource damage or equitable relief, order, notice of violation, citation, request for information issued pursuant to any Environmental Laws by an Official Body, subpoena or other written notice of any type relating to, arising out
of, or issued pursuant to, any of the Environmental Laws or any Environmental Conditions, as the case may be. 

Environmental Conditions shall mean any conditions of the environment, including the workplace, the ocean, natural
resources (including flora or fauna), soil, surface water, groundwater, any actual or potential drinking water supply sources, substrata or the ambient air, relating to or arising out of, or caused by, the use, handling, storage, treatment,
recycling, generation, transportation, release, spilling, leaking, pumping, emptying, discharging, injecting, escaping, leaching, disposal, dumping, threatened release or other management or mismanagement of Regulated Substances resulting from the
use of, or operations on, any Property. 
 Environmental Laws shall mean all applicable federal, state,
local, tribal, territorial and foreign Laws (including common law), constitutions, statutes, treaties, regulations, rules, ordinances and codes and any consent decrees, settlement agreements, judgments, orders, directives, policies or programs
issued by or entered into with an Official Body pertaining or relating to: (i) pollution or pollution control; (ii) protection of human health from exposure to regulated substances; (iii) protection of the environment and/or natural
resources; (iv) employee safety in the workplace; (v) the presence, use, management, generation, manufacture, processing, extraction, treatment, recycling, refining, reclamation, labeling, packaging, sale, transport, storage, collection,
distribution, disposal or release or threat of release of regulated substances; (vi) the presence of contamination; (vii) the protection of endangered or threatened species; and (viii) the protection of environmentally sensitive
areas. 
 ERISA shall mean the Employee Retirement Income Security Act of 1974, as the same may be amended
or supplemented from time to time, and any successor statute of similar import, and the rules and regulations thereunder, as from time to time in effect. 
 ERISA Affiliate shall mean, at any time, any trade or business (whether or not incorporated) which together with the Borrower or a Subsidiary of the Borrower would be

  
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deemed a “single employer” within the meaning of Section 414(b) or (c) of the Code, and for the purpose of Section 302 of ERISA and/or Section 412, 4971, 4977,
4980D, 4980E and/or each “applicable section” under Section 414(t)(2) of the Code, within the meaning of Section 414(b), (c), (m) or (o) of the Code. 

ERISA Event shall mean (a) a reportable event (under Section 4043 of ERISA and regulations thereunder)
with respect to a Pension Plan; (b) a withdrawal by any Borrower 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 withdrawal by any Borrower 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, the treatment of a Plan amendment as a termination under Sections 4041 or 4041A 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 Borrower or any ERISA Affiliate. 

ERISA Group shall mean, at any time, the Borrowers and all members of a controlled group of corporations and all
trades or businesses (whether or not incorporated) under common control and all other entities which, together with the Borrowers, are treated as a single employer under Section 414 of the Internal Revenue Code. 

Event of Default shall mean any of the events described in Section 9.1 [Events of Default] and referred to
therein as an “Event of Default.” 
 Excluded Taxes shall mean, with respect to the
Administrative Agent, any Lender, the Issuing Lender or any other recipient of any payment to be made by or on account of any obligation of any Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however
denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the Laws of which such recipient is organized or in which its principal office is located or, in the case
of any Lender, in which its applicable lending office is located, (b) any branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction in which any Borrower is located and (c) in the
case of a Foreign Lender, any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new lending office) or is attributable to such Foreign Lender’s
failure or inability (other than as a result of a Change in Law) to comply with Section 5.9.5 [Status of Lenders], except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new lending
office (or assignment), to receive additional amounts from the Borrowers with respect to such withholding tax pursuant to Section 5.9.1 [Payments Free of Taxes]. 

Executive Order No. 13224 shall mean the Executive Order No. 13224 on Terrorist Financing, effective
September 24, 2001, as the same has been, or shall hereafter be, renewed, extended, amended or replaced. 

  
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 Existing Letters of Credit shall have the meaning specified in
Section 2.9.1 [Issuance of Letters of Credit]. 
 Expiration Date shall mean, with respect to the
Revolving Credit Commitments, May 18, 2016. 
 Federal Funds Effective Rate for any day shall mean
the rate per annum (based on a year of 360 days and actual days elapsed and rounded upward to the nearest 1/100 of 1%) announced by the Federal Reserve Bank of New York (or any successor) on such day as being the weighted average of the rates on
overnight federal funds transactions arranged by federal funds brokers on the previous trading day, as computed and announced by such Federal Reserve Bank (or any successor) in substantially the same manner as such Federal Reserve Bank computes and
announces the weighted average it refers to as the “Federal Funds Effective Rate” as of the date of this Agreement; provided, if such Federal Reserve Bank (or its successor) does not announce such rate on any day, the “Federal
Funds Effective Rate” for such day shall be the Federal Funds Effective Rate for the last day on which such rate was announced. 
 Federal Funds Open Rate for any day shall mean the rate per annum (based on a year of 360 days and actual days elapsed) which is the daily federal funds open rate as quoted by ICAP North America,
Inc. (or any successor) as set forth on the Bloomberg Screen BTMM for that day opposite the caption “OPEN” (or on such other substitute Bloomberg Screen that displays such rate), or as set forth on such other recognized electronic source
used for the purpose of displaying such rate as selected by the Administrative Agent (for purposes of this definition, an “Alternate Source”) (or if such rate for such day does not appear on the Bloomberg Screen BTMM (or any
substitute screen) or on any Alternate Source, or if there shall at any time, for any reason, no longer exist a Bloomberg Screen BTMM (or any substitute screen) or any Alternate Source, a comparable replacement rate determined by the Administrative
Agent at such time (which determination shall be conclusive absent manifest error); provided however, that if such day is not a Business Day, the Federal Funds Open Rate for such day shall be the “open” rate on the immediately preceding
Business Day. If and when the Federal Funds Open Rate changes, the rate of interest hereunder will change automatically without notice to the Borrowers, effective on the date of any such change. 

Financial Projections shall have the meaning assigned to that term in subsection 6.1.6 (ii). [Financial
Projections]. 
 Foreign Lender shall mean any Lender that is organized under the Laws of a jurisdiction
other than that in which any Borrower is resident for tax purposes. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

Foreign Subsidiaries shall mean, for any Person, each Subsidiary of such Person that is incorporated or organized
under the laws of any jurisdiction other than the United States of America or any state or territory thereof. 

  
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 GAAP shall mean generally accepted accounting principles as are in
effect from time to time, subject to the provisions of Section 1.3 [Accounting Principles], and applied on a consistent basis both as to classification of items and amounts. 

Guarantor shall mean each of the parties to this Agreement which is designated as a “Guarantor” on the
signature page hereof and each other Person which joins this Agreement as a Guarantor after the date hereof. 

Guarantor Joinder shall mean a joinder by a Person as a Guarantor under the Loan Documents in the form of
Exhibit 1.1(G)(1). 
 Guaranty of any Person shall mean any obligation of such Person
guaranteeing or in effect guaranteeing any liability or obligation of any other Person in any manner, whether directly or indirectly, including any agreement to indemnify or hold harmless any other Person, any performance bond or other suretyship
arrangement and any other form of assurance against loss, except endorsement of negotiable or other instruments for deposit or collection in the ordinary course of business. 

Guaranty Agreement shall mean the Continuing Agreement of Guaranty and Suretyship in substantially the form of
Exhibit 1.1(G)(2) executed and delivered by each of the Guarantors. 
 Hedging Obligations shall
mean with respect to any Person, (i) the obligations of such Person pursuant to any Interest Rate Hedge, and (ii) the obligations of such Person pursuant to any commodities futures contracts for the purchase or sale of crude oil, gasoline
or any motor fuel constituent or refinery feed stock. 
 Hedging Contracts shall mean hedging agreements
or arrangements related to Hedging Obligations entered into by any Loan Party in the ordinary course of business and not for speculative purposes. 
 Inactive Subsidiary shall mean any Subsidiary of the Borrowers which has no assets or liabilities and does not conduct business. The Inactive Subsidiaries are listed on Schedule 6.1.1.

 Increasing Lender shall have the meaning assigned to that term in Section 2.11 [Increase in
Revolving Credit Commitments]. 
 Indebtedness shall mean, as to any Person at any time, any and all
indebtedness, obligations or liabilities (whether matured or unmatured, liquidated or unliquidated, direct or indirect, absolute or contingent, or joint or several) of such Person for or in respect of: (i) borrowed money, (ii) amounts
raised under or liabilities in respect of any note purchase or acceptance credit facility, (iii) reimbursement obligations (contingent or otherwise) under any letter of credit, currency swap agreement, interest rate swap, cap, collar or floor
agreement or other interest rate management device, (iv) any other transaction (including capitalized leases and conditional sales agreements) having the commercial effect of a borrowing of money entered into by such Person to finance its
operations or capital requirements (but not including trade payables and accrued expenses incurred in the ordinary course of business which are not 

  
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represented by a promissory note or other evidence of indebtedness and which are not more than sixty (60) days past due), or (v) any Guaranty of Indebtedness for borrowed money;
provided that any Indebtedness of any Loan Party that is Guaranteed by another Loan Party shall only be counted once in the covenants of the Loan Parties hereunder. 

Indemnified Taxes shall mean Taxes other than Excluded Taxes. 

Indemnitee shall have the meaning specified in Section 11.3.2 [Indemnification by the Borrower]. 

Information shall mean all information received from the Loan Parties or any of their Subsidiaries relating to the
Loan Parties or any of such Subsidiaries or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or the Issuing Lender on a non-confidential basis prior to disclosure by the
Loan Parties or any of their Subsidiaries. 
 Insolvency Proceeding shall mean, with respect to any
Person, (a) a case, action or proceeding with respect to such Person (i) before any court or any other Official Body under any bankruptcy, insolvency, reorganization or other similar Law now or hereafter in effect, or (ii) for the
appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator, conservator (or similar official) of any Loan Party or otherwise relating to the liquidation, dissolution, winding-up or relief of such Person, or (b) any
general assignment for the benefit of creditors, composition, marshaling of assets for creditors, or other, similar arrangement in respect of such Person’s creditors generally or any substantial portion of its creditors; undertaken under any
Law. 
 Intercompany Subordination Agreement shall mean a Subordination Agreement among the Loan Parties
in the form attached hereto as Exhibit 1.1(I). 
 Intercreditor and Access Agreement shall mean
that certain Intercreditor and Access Agreement dated as of the Senior Note Closing Date among the Administrative Agent, The Bank of New York Mellon Trust Company, N.A., as the collateral agent under the Senior Secured Note Indenture, and the Loan
Parties, as the same may be amended, modified, extended or restated from time to time. 
 Interest Period
shall mean the period of time selected by the Borrowers in connection with (and to apply to) any election permitted hereunder by the Borrowers to have Revolving Credit Loans bear interest under the LIBOR Rate Option. Subject to the last sentence of
this definition, such period shall be one, two or three months. Such Interest Period shall commence on the effective date of such Interest Rate Option, which shall be (i) the Borrowing Date if the Borrowers are requesting new Loans, or
(ii) the date of renewal of or conversion to the LIBOR Rate Option if the Borrowers are renewing or converting to the LIBOR Rate Option applicable to outstanding Loans. Notwithstanding the second sentence hereof: (A) any Interest Period
which would otherwise end on a date which is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in the next calendar month, in which case such Interest Period shall end on the next preceding
Business Day, and (B) the 

  
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Borrowers shall not select, convert to or renew an Interest Period for any portion of the Loans that would end after the Expiration Date. 

Interest Rate Hedge shall mean an interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable
strike corridor or similar agreements entered into by the Loan Parties or their Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrowers, the Guarantor and/or their Subsidiaries of increasing floating rates of
interest applicable to Indebtedness. 
 Interest Rate Option shall mean any LIBOR Rate Option or Base Rate
Option. 
 Inventory shall mean any and all goods held for productions and goods held for resale,
including without limitation goods in transit, wheresoever located (including without limitation pipelines whether leased or owned) and whether now owned or hereafter acquired by a Loan Party, including, without limitation, all such goods the sale
or other disposition of which has given rise to Accounts and which has been returned to or repossessed or stopped in transit by a Loan Party. All Inventory in which a security interest is granted under the Security Agreement, and whether or not
Qualified Inventory, shall be subject to the Lenders’ Prior Security Interest.  
 IRS shall
mean the Internal Revenue Service. 
 Investment Consideration shall mean the amount of cash paid by the
Loan Parties, liabilities or other obligations, whether contingent or otherwise, assumed or incurred in connection with any investment, including without limitation loans, advances or capital contributions in any other Person, any Guaranty of
obligations of another Person, all purchases (or other acquisitions for consideration) by any Loan Party of Indebtedness, capital stock or other securities of any other Person. 

Issuing Lender shall mean PNC, in its individual capacity as issuer of Letters of Credit hereunder. 

Joint Venture shall mean a corporation, partnership, limited liability company or other entity in which any Person
other than the Loan Parties and their Subsidiaries holds, directly or indirectly, an equity interest. 

JPMorgan shall mean JPMorgan Chase Bank, N.A. 

JPMorgan Deposit Account Control Agreement shall mean that certain deposit account control agreement for
(i) account number 359513, (ii) account number 634659,(iii) account number 61030163 and (iv) account number 816522726, to be entered into among the Administrative Agent, the Borrowers and JPMorgan in form and substance satisfactory to
the Administrative Agent, or in the alternative those certain accounts established by Borrowers with a successor, substitute or alternative depository bank also subject to a deposit account control agreement among the Administrative Agent, the
Borrowers and such depository bank in form and substance satisfactory to the Administrative Agent. 

Kiantone shall mean Kiantone Pipeline Corporation, a New York corporation. 

  
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 Labor Contracts shall have the meaning specified in
Section 6.1.16 [Employment Matters]. 
 Law shall mean any law (including common law), constitution,
statute, treaty, regulation, rule, ordinance, opinion, release, ruling, order, injunction, writ, decree, bond, judgment, authorization or approval, lien or award by or settlement agreement with any Official Body. 

Lender Provided Interest Rate Hedge shall mean an Interest Rate Hedge which is provided by any Lender or its
Affiliate: (i) is documented in a standard International Swap Dealer Association Agreement, and (ii) provides for the method of calculating the reimbursable amount of the provider’s credit exposure in a reasonable and customary
manner. 
 Lenders shall mean the financial institutions named on Schedule 1.1(B) and their
respective successors and assigns as permitted hereunder, each of which is referred to herein as a Lender. The term “Lenders” shall also include any Increasing Lenders or New Lenders, as applicable. For the purpose of any Loan Document
which provides for the granting of a security interest or other Lien to the Lenders or to the Administrative Agent for the benefit of the Lenders as security for the Obligations, “Lenders” shall include any Affiliate of a Lender to which
such Obligation is owed. 
 Letter of Credit shall have the meaning specified in Section 2.9.1
[Issuance of Letters of Credit]. 
 Letter of Credit Borrowing shall have the meaning specified in
Section 2.9.3 [Disbursements, Reimbursement]. 
 Letter of Credit Fee shall have the meaning
specified in Section 2.9.2 [Letter of Credit Fees]. 
 Letter of Credit Obligation shall mean, as of
any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit on such date (if any Letter of Credit shall increase in amount automatically in the future, such aggregate amount available to be drawn
shall currently give effect to any such future increase) plus the aggregate Reimbursement Obligations and Letter of Credit Borrowings on such date. 
 Letter of Credit Sublimit shall have the meaning specified in Section 2.9.1 [Issuance of Letters of Credit]. 

LIBOR Rate shall mean, with respect to the Loans comprising any Borrowing Tranche to which the LIBOR Rate Option
applies for any Interest Period, the interest rate per annum determined by the Administrative Agent by dividing (the resulting quotient rounded upwards, if necessary, to the nearest 1/100th of 1% per annum) (i) the rate which appears on
the Bloomberg Page BBAM1 (or on such other substitute Bloomberg page that displays rates at which US dollar deposits are offered by leading banks in the London interbank deposit market), or the rate which is quoted by another source selected by the
Administrative Agent which has been approved by the British Bankers’ Association as an authorized information vendor for the purpose of displaying rates at which US dollar deposits are offered by leading banks in the

  
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London interbank deposit market (for purposes of this definition, an “Alternate Source”), at approximately 11:00 a.m., London time, two (2) Business Days prior to the
commencement of such Interest Period as the London interbank offered rate for U.S. Dollars for an amount comparable to such Borrowing Tranche and having a borrowing date and a maturity comparable to such Interest Period (or if there shall at any
time, for any reason, no longer exist a Bloomberg Page BBAM1 (or any substitute page) or any Alternate Source, a comparable replacement rate determined by the Administrative Agent at such time (which determination shall be conclusive absent manifest
error)), by (ii) a number equal to 1.00 minus the LIBOR Reserve Percentage. LIBOR may also be expressed by the following formula: 
  

			
		  	London interbank offered rates quoted by Bloomberg
	LIBOR Rate   =	  	or appropriate successor as shown on Bloomberg Page BBAM1
		  	 1.00 - LIBOR Reserve Percentage

 The LIBOR Rate shall be adjusted with respect to any Loan to which the LIBOR Rate Option applies that is outstanding on the effective date of any change in the LIBOR Reserve Percentage as of such
effective date. The Administrative Agent shall give prompt notice to the Borrowers of the LIBOR Rate as determined or adjusted in accordance herewith, which determination shall be conclusive absent manifest error. 

LIBOR Rate Option shall mean the option of the Borrowers to have Loans bear interest at the rate and under the
terms set forth in Section 4.1.1(ii) [Revolving Credit LIBOR Rate Option]. 
 LIBOR Reserve
Percentage shall mean as of any day the maximum percentage in effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including supplemental, marginal
and emergency reserve requirements) with respect to eurocurrency funding (currently referred to as “Eurocurrency Liabilities”). 
 Lien shall mean any mortgage, deed of trust, pledge, lien, security interest, charge or other encumbrance or security arrangement of any nature whatsoever, whether voluntarily or involuntarily
given, including any conditional sale or title retention arrangement, and any assignment, deposit arrangement or lease intended as, or having the effect of, security and any filed financing statement or other notice of any of the foregoing (whether
or not a lien or other encumbrance is created or exists at the time of the filing). 
 Loan Documents
shall mean this Agreement, the Administrative Agent’s Letter, the Guaranty Agreement, the Intercompany Subordination Agreement, the Intercreditor and Access Agreement, the Notes, the Security Agreement, and any other instruments, certificates
or documents delivered in connection herewith or therewith. 
 Loan Parties shall mean the Borrowers and
the Guarantors. 
 Loan Request shall have the meaning specified in Section 2.5 [Revolving Credit
Loan Requests; Swing Loan Requests]. 

  
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 Loans shall mean collectively and Loan shall mean separately
all Revolving Credit Loans and Swing or any Revolving Credit Loan or Swing Loan. 
 Lockbox Agreements
shall mean collectively the lockbox agreements between the Borrowers and PNC and such other depository bank acceptable to the Administrative Agent which govern the operation of the Lockboxes maintained by PNC or such depository for receipt of the
Borrowers’ Accounts. 
 Lockboxes shall mean collectively the PNC Lockbox and such other lockboxes
that are subject to a Lockbox Agreement. 
 Material Adverse Change shall mean any set of circumstances or
events which (a) has or could reasonably be expected to have any material adverse effect whatsoever upon the validity or enforceability of this Agreement or any other Loan Document, (b) is or could reasonably be expected to be material and
adverse to the business, properties, assets, financial condition, results of operations or prospects of the Loan Parties taken as a whole, (c) impairs materially or could reasonably be expected to impair materially the ability of the Loan
Parties taken as a whole to duly and punctually pay or perform any of the Obligations, or (d) impairs materially or could reasonably be expected to impair materially the ability of the Administrative Agent or any of the Lenders, to the extent
permitted, to enforce their legal remedies pursuant to this Agreement or any other Loan Document. 
 Maximum
Revolving Advance Amount shall mean $175,000,000, subject to increases in an aggregate amount not to exceed $50,000,000 pursuant to Section 2.11 [Increase in Revolving Credit Commitments]. 

Month, with respect to an Interest Period under the LIBOR Rate Option, shall mean the interval between the days in
consecutive calendar months numerically corresponding to the first day of such Interest Period. If any LIBOR Rate Interest Period begins on a day of a calendar month for which there is no numerically corresponding day in the month in which such
Interest Period is to end, the final month of such Interest Period shall be deemed to end on the last Business Day of such final month. 
 Multiemployer Plan shall mean any employee benefit plan which is a “multiemployer plan” within the meaning of Section 4001(a)(3) of ERISA and to which any Borrower or any member of
the ERISA Group is then making or accruing an obligation to make contributions or, within the preceding five Plan years, has made or had an obligation to make such contributions. 

Multiple Employer Plan shall mean a Plan which has two or more contributing sponsors (including any Borrower or any
member of the ERISA Group) at least two of whom are not under common control, as such a plan is described in Sections 4063 and 4064 of ERISA. 
 New Lender shall have the meaning assigned to that term in Section 2.11 [Increase in Revolving Credit Commitments]. 

  
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 No Interest Agreement shall mean that certain No Interest Agreement
dated as of January 14, 2011, among the Administrative Agent, Bank of America, N.A., United Refining, and URA, as the same may be amended, modified, extended or restated from time to time. 

Non-Consenting Lender shall have the meaning specified in Section 11.1 [Modifications, Amendments or Waivers].

 Notes shall mean, collectively, the promissory notes in the form of Exhibit 1.1(N)(1) evidencing
the Revolving Credit Loans and in the form of Exhibit 1.1(N)(2) evidencing the Swing Loan. 

Obligation shall mean any obligation or liability of any of the Loan Parties, howsoever created, arising or
evidenced, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due, under or in connection with (i) this Agreement, the Notes, the Letters of Credit, the Administrative Agent’s Letter or any
other Loan Document whether to the Administrative Agent, any of the Lenders or their Affiliates or other persons provided for under such Loan Documents and (ii) any Lender Provided Interest Rate Hedge. 

Official Body shall mean the government of the United States of America or any other nation, or of any political
subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 
 Other Taxes shall mean all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other
Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document. 
 Participant has the meaning specified in Section 11.8.4 [Participations]. 
 Participation Advance shall have the meaning specified in Section 2.9.3 [Disbursements, Reimbursement]. 
 Payment Date shall mean the first day of each calendar quarter after the date hereof and on the Expiration Date or upon acceleration of the Notes. 

Payment In Full shall mean the indefeasible payment in full in cash of the Loans and other Obligations hereunder,
termination of the Commitments and expiration or termination of all Letters of Credit. 
 PBGC shall mean
the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA or any successor. 
 Pension Plan shall mean 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 Borrower or any ERISA Affiliate or to which any 

  
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Borrower 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 times during the immediately preceding five plan years. 
 Permitted Acquisition
shall have the meaning assigned to such term in Section 8.2.6 [Liquidations, Mergers, Consolidations, Acquisitions]. 
 Permitted Investments shall mean: 
 (i) direct obligations
of the United States of America or any agency or instrumentality thereof or obligations backed by the full faith and credit of the United States of America maturing in twelve (12) months or less from the date of acquisition; 

(ii) commercial paper maturing in 180 days or less rated not lower than A-1, by Standard & Poor’s or P-1 by
Moody’s Investors Service, Inc. on the date of acquisition; 
 (iii) demand deposits, time deposits or
certificates of deposit maturing within one year in commercial banks whose obligations are rated A-1, A or the equivalent or better by Standard & Poor’s on the date of acquisition; 

(iv) money market or mutual funds whose investments are limited to those types of investments described in clauses
(i)-(iii) above; and 
 (v) investments made under the Cash Management Agreements or under cash management
agreements with any other Lenders. 
 Permitted Liens shall mean: 

(i) Liens for taxes, assessments, or similar charges, incurred in the ordinary course of business and which are not yet
due and payable; 
 (ii) Pledges or deposits made in the ordinary course of business to secure payment of
workmen’s compensation, or to participate in any fund in connection with workmen’s compensation, unemployment insurance, old-age pensions or other social security programs; 

(iii) Liens of mechanics, materialmen, warehousemen, carriers, or other like Liens, securing obligations incurred in the
ordinary course of business that are not yet due and payable and Liens of landlords securing obligations to pay lease payments that are not yet due and payable or in default; 

(iv) Liens incurred or good-faith pledges or deposits made in the ordinary course of business to secure performance of
bids, tenders, contracts (other than for the repayment of borrowed money) or leases, not in excess of the aggregate amount due thereunder, or to secure statutory obligations, or surety, appeal, indemnity, performance or other similar bonds required
in the ordinary course of business, including without limitation, (1) statutory Liens in favor of Enbridge on inventory of the Borrowers in the pipeline of Enbridge, provided that to the extent the Inventory upon which such Liens exist is
included in the Borrowing Base, such Liens are subject to the Enbridge Cash Collateral Agreement, and (2) consensual liens on cash of the 

  
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Borrowers granted by the Borrowers pursuant to the Enbridge Cash Collateral Agreement in amounts not exceeding the amount of the obligations of any Borrower due to Enbridge as determined by
Enbridge; 
 (v) Encumbrances consisting of zoning restrictions, easements or other restrictions on the use of
real property, none of which materially impairs the use of such property or the value thereof, and none of which is violated in any material respect by existing or proposed structures or land use; 

(vi) Liens, security interests and mortgages in favor of the Administrative Agent for the benefit of the Lenders and their
Affiliates securing the Obligations (including Lender Provided Interest Rate Hedges); 
 (vii) Liens on property
leased by any Loan Party or Subsidiary of a Loan Party under capital and operating leases permitted in Section 8.2.14 [Capital Expenditures and Leases] securing obligations of such Loan Party or Subsidiary to the lessor under such leases;

 (viii) Any Lien existing on the date of this Agreement and described on Schedule 1.1(P), securing
Indebtedness then existing and any Lien on the same asset securing Indebtedness which refinances the Indebtedness securing such Lien provided that the principal amount secured thereby is not increased, and no additional assets become subject
to such Lien; 
 (ix) Purchase Money Security Interests and Liens on assets other than Collateral to the extent
permitted under Section 8.2.1(v); 
 (x) The following, (A) if the validity or amount thereof is being
contested in good faith by appropriate and lawful proceedings diligently conducted so long as levy and execution thereon have been stayed and continue to be stayed or (B) if a final judgment is entered and such judgment is discharged, bonded or
stayed (and continue to be stayed for all times thereafter) within thirty (30) days of entry, and in either case they do not affect the Collateral or, in the aggregate, materially impair the ability of any Loan Party to perform its Obligations
hereunder or under the other Loan Documents: 
 (1) Claims or Liens for taxes, assessments or charges due and
payable and subject to interest or penalty; provided that the applicable Loan Party maintains such reserves or other appropriate provisions as shall be required by GAAP and pays all such taxes, assessments or charges forthwith upon the
commencement of proceedings to foreclose any such Lien; 
 (2) Claims, Liens or encumbrances upon, and defects
of title to, real or personal property other than the Collateral, including any attachment of personal or real property or other legal process prior to adjudication of a dispute on the merits; 

(3) Claims or Liens of mechanics, materialmen, warehousemen, carriers, or other statutory nonconsensual Liens;

 (4) Environmental Liens in respect of environmental clean-up costs alleged to be due as presently or
prospectively authorized under any federal or state law, 

  
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provided Borrowers shall have contested the lawfulness or amount of any such lien in good faith, provided further that the amount thereof, together with the Liens resulting from final judgments
or orders described in Section 9.1.6 [Final Judgments or Orders] does not exceed $2,500,000; or 
 (5)
Liens resulting from final judgments or orders described in Section 9.1.6 [Final Judgments or Orders]. 

(xi) any Lien granted to a commodity broker in connection with an account created and maintained by United Refining to
engage in the trading of futures contracts on a recognized exchange for the purpose or reducing the price risk associated with holding or purchasing crude oil and refined petroleum products inventory; provided that, (x) any such Lien
shall be confined solely to futures contracts permitted by clause (y) below and to cash equivalents in an amount not exceeding $5,000,000 on deposit in such account and (y) with respect to such account, neither United Refining nor any
Subsidiary shall enter into any obligations in any hedging transactions, the effect of which would be to cause more than 2,500,000 barrels of crude oil or more than 2,500,000 barrels of refined petroleum products to be at any time subject to
fixed-price contracts to which United Refining or any Subsidiary is a party. A contract for the purchase of crude oil or refined petroleum products shall not be deemed to be a “fixed-price contract” for purposes of the proviso to the
immediately preceding sentence if the price thereunder is based upon and varies with Canadian price postings for the same or a similar commodity, prices for the same or a similar commodity on the New York Mercantile Exchange or any other index which
reflects market prices; 
 (xii) any Lien on an asset acquired in a Permitted Acquisition provided that
(a) the asset is not of the category of any of the assets described in the definition of “Collateral” contained in the Security Agreement, (b) such Lien secures Indebtedness incurred in connection with or assumed in such
Permitted Acquisition, and (c) such Lien secures Indebtedness which is included in the determination of Acquisition Consideration; 
 (xiii) Cash collateral securing surety bonds issued in the ordinary course of the business of the Loan Parties; 
 (xiv) Liens on (x) all owned real property, equipment and fixtures comprising the Refinery, including buildings, terminals, storage tanks, refining and other facilities, pipelines, pipeline rights,
loading racks, rail spurs and loading facilities now owned or hereafter acquired by United Refining which are now or hereafter affixed to or situated on the Refinery property and used in the operation or necessary to operate the Refinery,
(y) the capital stock of Kiantone, and (z) all supporting obligations and books and records and proceeds relating to any of the foregoing, in each case to secure Indebtedness incurred under the Senior Secured Note Indenture and Hedging
Obligations (as defined in the Senior Secured Note Indenture); provided, that Permitted Liens under this paragraph (xiv) shall not include Excluded Assets (as defined in the Senior Secured Note Indenture as in effect on the Senior Note Closing
Date); and 
 (xv) Liens incurred in connection with “Hedging Obligations” and “Indenture
Obligations” (as such terms are defined in the Senior Secured Note Indenture”). 

  
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 Permitted Voluntary Dissolution shall have the meaning assigned to
such term in Section 8.1.1 [Preservation of Existence, Etc.]. 
 Person shall mean any individual,
corporation, partnership, limited liability company, association, joint-stock company, trust, unincorporated organization, joint venture, government or political subdivision or agency thereof, or any other entity. 

Plan shall mean at any time an employee pension benefit plan (including a Multiple Employer Plan, but not a
Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the ERISA Group for employees of any member of the ERISA
Group or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the ERISA Group for employees of any entity which was at such time a member of the ERISA Group. 

PNC shall mean PNC Bank, National Association, its successors and assigns. 

PNC Deposit Account Control Agreement shall mean that certain deposit account control agreement for account number
1008977208, entered into among the Administrative Agent, the Borrowers and PNC, in form and substance satisfactory to the Administrative Agent. 
 PNC Lockbox shall mean that certain lockbox maintained by PNC for receipt of the Borrowers’ Accounts, which funds are transferred by PNC to the deposit account which is subject to the PNC
Deposit Account Control Agreement. 
 Potential Default shall mean any event or condition which with
notice or passage of time, or both, would constitute an Event of Default. 
 Prime Rate shall mean the
interest rate per annum announced from time to time by the Administrative Agent at its Principal Office as its then prime rate, which rate may not be the lowest or most favorable rate then being charged commercial borrowers or others by the
Administrative Agent. Any change in the Prime Rate shall take effect at the opening of business on the day such change is announced. 
 Principal Office shall mean the main banking office of the Administrative Agent in Pittsburgh, Pennsylvania. 
 Prior Security Interest shall mean a valid and enforceable perfected first-priority security interest under the Uniform Commercial Code or in the Personal Property Security Act of the province of
either Alberta, Saskatchewan, Manitoba or Ontario, as the case may be, in the Collateral which is subject only to Permitted Liens. 
 Prohibited Transaction shall mean any prohibited transaction as defined in Section 4975 of the Internal Revenue Code or Section 406 of ERISA for which neither an individual nor a class
exemption has been issued by the United States Department of Labor. 
 Property shall mean all real
property, both owned and leased, of any Loan Party or Subsidiary of a Loan Party. 

  
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 Published Rate shall mean the rate of interest published each
Business Day in The Wall Street Journal “Money Rates” listing under the caption “London Interbank Offered Rates” for a one month period (or, if no such rate is published therein for any reason, then the Published
Rate shall be the rate at which U.S. Dollar deposits are offered by leading banks in the London interbank deposit market for a one month period as published in another publication selected by the Administrative Agent). 

Purchase Money Security Interest shall mean Liens upon equipment or real property acquired for retail purposes
securing loans to any Loan Party or Subsidiary of a Loan Party or deferred payments by such Loan Party or Subsidiary for the purchase of such equipment or real property. 

Qualified Accounts shall mean any Accounts which the Administrative Agent in its sole discretion determines to have
met all of the following criteria: 
 i. the Account represents a complete bona fide transaction for goods sold
and delivered or services rendered (but excluding any amounts in the nature of a service charge added to the amount due on an invoice because the invoice has not been paid when due) which requires no further act under any circumstances on the part
of any Borrower to make such Account payable by the Account Debtor; the Account arises from an arm’s length transaction in the ordinary course of the Borrowers’ business between a Borrower and an Account Debtor which is not an Affiliate of
a Borrower or an officer, stockholder or employee of a Borrower or of any Affiliate of a Borrower, or a member of the family of an officer, stockholder or employee of a Borrower or of any Affiliate of a Borrower; any Borrower to whom such Account is
owing is able to bring suit against the Account Debtor through judicial process and there exist no defenses to the enforcement of such Borrower’s remedies against such Account Debtor, and the Account does not represent a progress billing
consisting of an invoice for goods sold or used or services rendered pursuant to a contract under which the Account Debtor’s obligation to pay that invoice is subject to such Borrower’s completion of further performance under such contract
or is subject to the equitable lien of a surety bond issuer; 
 ii. the Account shall not (a) if payable on
a “net 10 basis” be or have been unpaid more than thirty (30) days from the invoice date; (b) if payable on a “net 30 basis” or basis other than described in the preceding clause (a) be or have been unpaid more
than ninety (90) days from the invoice date, (c) be delinquent more than sixty (60) days, or (d) be payable by an Account Debtor (1) more than 50% of whose Accounts have remained unpaid for more than ninety (90) days
from the invoice date or are delinquent more than sixty (60) days, or (2) whose Accounts constitute, in the Administrative Agent’s determination, an unduly high percentage of the aggregate amount of all outstanding Accounts;

 iii. the goods the sale of which gave rise to the Account were shipped or delivered or provided to the
Account Debtor on an absolute sale basis and not on a bill and hold sale basis, a consignment sale basis, a guaranteed sale basis, a sale or return basis, or on the basis of any other similar understanding, and no part of such goods has been
returned or rejected; 
 iv. the Account is not evidenced by chattel paper or an instrument of any kind;

  
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 v. the Account Debtor with respect to the Account (a) is solvent,
(b) is not the subject of any bankruptcy or insolvency proceedings of any kind or of any other proceeding or action, threatened or pending, which might have a materially adverse effect on its business, unless the Administrative Agent, in its
sole discretion, notifies such Borrower that the Account of such an Account Debtor can be considered a Qualified Account, and (c) is not, in the sole discretion of the Administrative Agent, deemed ineligible for credit for other reasons
(including, without limitation, unsatisfactory past experiences of the Borrowers or any of the Lenders with the Account Debtor or unsatisfactory reputation of the Account Debtor or the Account Debtor suspends business, makes a general assignment for
the benefit of creditors or fails to pay its debts generally as they come due); 
 vi. the Account Debtor is not
located outside Canada or the United States of America; 
 vii. (a) the Account Debtor is not the government of
the United States of America or any department, agency or instrumentality thereof, or (b) if the Account Debtor is an entity mentioned in clause (vii)(a), the Federal Assignment of Claims Act (or applicable similar legislation) has been fully
complied with so as to validly perfect the Lenders’ Prior Security Interest to the Administrative Agent’s satisfaction; 
 viii. the Account is a valid, binding and legally enforceable obligation of the Account Debtor with respect thereto and is not subject to any dispute, condition, contingency, offset, recoupment,
reduction, claim for credit, allowance, adjustment, counterclaim or defense on the part of such Account Debtor, and no facts exist which may provide a basis for any of the foregoing in the present or future; 

ix. the Account is subject to the Administrative Agent’s and the Lenders’ Prior Security Interest and is not
subject to any other Lien, claim, encumbrance or security interest whatsoever; 
 x. the Account is evidenced by
an invoice or other documentation and arises from a contract which is in form and substance satisfactory to the Administrative Agent; 
 xi. the appropriate Borrower has observed and complied with all laws of the state in which the Account Debtor or the Account is located which, if not observed and complied with, would deny to such
Borrower access to the courts of such state; 
 xii. the Account is not subject to any provision prohibiting its
assignment or requiring notice of or consent to such assignment; 
 xiii. the goods giving rise to the Account
were not, at the time of sale thereof, subject to any Lien or encumbrance except the Administrative Agent’s and the Lenders’ Prior Security Interest; 
 xiv. the Account is payable in freely transferable United States Dollars; and 
 xv. the Account is not, or should not be, disqualified for any other reason generally accepted in the commercial finance business. 

  
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 In addition to the foregoing requirements, Accounts of any Account Debtor which are otherwise Qualified
Accounts shall be reduced to the extent of any accounts payable (including, without limitation, the Administrative Agent’s estimate of any contingent liabilities) by a Borrower to such Account Debtor (“Contras”) provided that the
Administrative Agent, in its sole discretion, may determine that none of the Accounts in respect to such Account Debtor shall be Qualified Accounts in the event that there exists an unreasonably large amount of payables owing to such Account Debtor.

 Notwithstanding the qualification standards specified above, upon prior notice to the Borrowers, the Administrative Agent may at any time or
from time to time revise such qualification standards in the exercise of its reasonable credit judgment. 

Qualified Enbridge Pipeline Inventory shall mean any Inventory which the Administrative Agent in its sole
discretion determines to have met all of the following criteria: 
 (1) such Inventory meets the requirements of
Qualified Inventory, 
 (2) such Inventory is located in the Enbridge Pipeline, 

(3) all current filings or recordations under Canadian Law necessary to perfect the Administrative Agent’s security
interest in such Inventory shall be in effect, 
 (4) notice of the Administrative Agent’s Lien on such
Inventory has been provided to Enbridge as required by any Tariff governing the transmission of such Inventory, 

(5) the Lenders shall have been provided with a legal opinion of Canadian counsel confirming that the Administrative Agent
has a perfected security interest in such Inventory, and 
 (6) the transmission costs and tariffs associated
with such Inventory shall be subject to the Enbridge Cash Collateral Agreement pursuant to which a Loan Party has granted to Enbridge cash collateral or a letter of credit sufficient to pay such transmission costs and tariffs. 

Qualified Inventory shall mean any Inventory which the Administrative Agent in its sole discretion determines to
have met all of the following criteria: 
 i. the Inventory is either (a) finished goods or (b) raw
materials other than supplies; but excluding in all cases any goods which have been shipped, delivered, sold by, purchased by or provided to a Borrower on a bill and hold, consignment sale, guaranteed sale, or sale or return basis, or any other
similar basis or understanding other than an absolute sale and also excluding all supplies; 
 ii. the Inventory
is new, of good and merchantable quality, and represents no more than a twelve (12) month supply of such finished goods or raw materials; 
 iii. the Inventory is located in the pipeline owned by Kiantone or any other Borrower, or in the Enbridge Pipeline if such Inventory meets the additional requirements for

  
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Qualified Enbridge Pipeline Inventory as identified in the definition of Qualified Enbridge Pipeline Inventory, or in storage tanks, or, during the Retail Inventory Lien Period, at a retail store
located on a site owned by a Borrower or leased by a Borrower from a party other than a Loan Party if the landlord has executed a landlord’s waiver in the form of Exhibit 1.1(L) hereto; 

iv. the Inventory is not stored with a bailee, warehouseman, consignee or similar party unless the Administrative Agent
has given its prior written consent and a Borrower has caused such bailee, warehouseman, consignee or similar party to issue and deliver to the Administrative Agent, in the form of Exhibit 1.1(L) hereto, warehouse receipts or similar type
documentation therefor in the Administrative Agent’s name, or such party shall have executed and delivered to the Administrative Agent a waiver and access agreement, in form and substance satisfactory to the Administrative Agent; 

v. the Inventory is subject to the Administrative Agent’s and the Lenders’ Prior Security Interest and is not
subject to any other Lien; provided, however, Liens on Qualified Enbridge Pipeline Inventory in favor of Enbridge are permitted to the extent that Enbridge has required and received cash collateral, a letter of credit or other credit support in an
amount determined by Enbridge; 
 vi. the Inventory has not been manufactured in violation of any federal minimum
wage or overtime laws, including, without limitation, the Fair Labor Standards Act, 29 U.S.C. § 215(a)(1); and 
 vii. the Inventory has not been attached, seized, levied upon or subjected to a writ or distress warrant, or such come within the possession of any receiver, trustee, custodian or assignee for the benefit
of creditors and the same is not cured within ten (10) days thereafter, provided that such 10-day grace period shall apply only if the aggregate amount of Inventory affected by the foregoing does not exceed $2,500,000. 

viii. the Inventory is not covered by a negotiable document of title, unless such document has been delivered to the
Administrative Agent with all necessary endorsements, free and clear of all Liens except those in favor of the Administrative Agent and the Lenders; 
 ix. the Inventory is not unsalable, defective or otherwise unfit for sale; 
 x. the Inventory does not consist of display items or packing or shipping materials, or replacement parts; 
 xi. the Inventory is (or upon completion of processing will be) of a type held for sale in the ordinary course of Borrowers’ business; distillates to be considered Qualified Inventory. 

Provided that Inventory located on the Refinery Property (as defined in the Senior Secured Notes due 2018) shall be considered Qualified Inventory only
so long as such Inventory remains subject to the Intercreditor and Access Agreement between Trustee and PNC. 
 Provided further, if such
Inventory is located in the Enbridge Pipeline, it shall meet the following additional requirements: 

  
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 (1) all current filings or recordations under Canadian Law necessary to
perfect the Administrative Agent’s security interest in such Inventory shall be in effect, 
 (2) notice of
the Administrative Agent’s Lien on such Inventory has been provided to Enbridge as required by any Tariff governing the transmission of such Inventory, 
 (3) the Lenders shall have been provided with a legal opinion of Canadian counsel confirming that the Administrative Agent has a perfected security interest in such Inventory, and 

(4) the transmission costs and tariffs associated with such Inventory shall be subject to the Enbridge Cash Collateral
Agreement pursuant to which a Loan Party has granted to Enbridge cash collateral or a letter of credit sufficient to pay such transmission costs and tariffs.  
 Inventory which meets such requirements shall be valued for purposes of computing the Borrowing Base at the lower of: 

(A) its book value on a FIFO basis or 

(B) its market value which shall be computed as follows if such Inventory is not Retail Store Inventory: by multiplying
the quantity of such Qualified Inventory by the unit price per volume reported on the date of computation by (a) Oil Price Information Services for products if such Inventory consists of refining products or Poten and Partners, Inc. for asphalt
if such Inventory consists of asphalt, and (b) the New York Mercantile Exchange if such Inventory consists of crude oil; the market value of crude oil computed pursuant to this clause (B)(2)(b) shall be reduced by the applicable crude stream
discounts for oil pricing. 
 Notwithstanding the qualification standards specified above, upon prior notice to the Borrowers, the
Administrative Agent may at any time or from time to time revise such qualification standards in the exercise of its reasonable credit judgment. 
 Ratable Share shall mean the proportion that a Lender’s Commitment (excluding the Swing Loan Commitment) bears to the Commitments (excluding the Swing Loan Commitment) of all of the Lenders,
provided that in the case of Section 2.10 [Defaulting Lenders] when a Defaulting Lender shall exist, “Ratable Share” shall mean the percentage of the aggregate Commitments (disregarding any Defaulting Lender’s Commitment)
represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Ratable Share shall be determined based upon the Commitments (excluding the Swing Loan Commitment) most recently in effect, giving effect to any
assignments. 
 Refinery shall mean the refinery owned by United Refining located on a 92-acre site in
Warren, Pennsylvania. 
 Regulated Substances shall mean any substance, including any solid, liquid,
semisolid, gaseous, thermal, thoriated or radioactive material, refuse, garbage, wastes, chemicals, petroleum products, byproducts, coproducts, impurities, dust, scrap, heavy metals, defined as a “hazardous substance,”
“pollutant,” “pollution,” “contaminant,” “hazardous or toxic substance,” 

  
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“extremely hazardous substance,” “toxic chemical,” “toxic waste,” “hazardous waste,” “industrial waste,” “residual waste,” “solid
waste,” “municipal waste,” “mixed waste,” “infectious waste,” “chemotherapeutic waste,” “medical waste,” or “regulated substance” or any related materials, substances or wastes as now
or hereafter defined pursuant to any Environmental Laws, ordinances, rules, regulations or other directives of any Official Body, the generation, manufacture, extraction, processing, distribution, treatment, storage, disposal, transport, recycling,
reclamation, use, reuse, spilling, leaking, dumping, injection, pumping, leaching, emptying, discharge, escape, release or other management or mismanagement of which is regulated by the Environmental Laws. 

Reimbursement Obligation shall have the meaning specified in Section 2.9.3 [Disbursements, Reimbursement].

 Related Parties shall mean, with respect to any Person, such Person’s Affiliates and the partners,
directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 

Relief Proceeding shall mean any proceeding seeking a decree or order for relief in respect of any Loan Party or
Subsidiary of a Loan Party in a voluntary or involuntary case under any applicable bankruptcy, insolvency, reorganization or other similar law now or hereafter in effect, or for the appointment of a receiver, liquidator, assignee, custodian,
trustee, sequestrator, conservator (or similar official) of any Loan Party or Subsidiary of a Loan Party for any substantial part of its property, or for the winding-up or liquidation of its affairs, or an assignment for the benefit of its
creditors. 
 Required Lenders shall mean 

(A) If there exists fewer than three (3) Lenders, all Lenders (other than any Defaulting Lender), and 

(B) If there exist three (3) or more Lenders, Lenders (other than any Defaulting Lender) having more than 51% of the
sum of (a) the aggregate amount of the Revolving Credit Commitments of the Lenders (excluding any Defaulting Lender) or, after the termination of the Revolving Credit Commitments, the outstanding Revolving Credit Loans and Ratable Share of
Letter of Credit Obligations of the Lenders (excluding any Defaulting Lender). 
 Required Share shall
have the meaning assigned to such term in Section 5.11 [Settlement Date Procedures]. 
 Retail Inventory
Lien Period shall commence when (i) the Loan Parties have, to the satisfaction of the Administrative Agent as confirmed by the Administrative Agent in writing, granted to the Administrative Agent for the benefit of the Lenders Prior
Security Interests in all of the Inventory located at retail stores (which is not Retail Store Inventory) and Retail Store Inventory located at, or arising from (in the case of Accounts), the Loan Parties’ retail locations and (ii) the
Administrative Agent shall have completed an appraisal on all such Inventory, which shall be in form and substance satisfactory to the Administrative Agent, and shall terminate if the Administrative Agent for the benefit of the Lenders shall cease
to have such a Prior Security Interest in such assets. 

  
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 Retail Store Inventory shall mean the Inventory located at the retail
locations of the Loan Parties consisting of food items and groceries, engine lubricants, gasoline and/or other motor fuels, goods and related products located thereon. 

Revolving Credit Commitment shall mean, as to any Lender at any time, the amount initially set forth opposite its
name on Schedule 1.1(B) in the column labeled “Amount of Commitment for Revolving Credit Loans,” as such Commitment is thereafter assigned or modified and Revolving Credit Commitments shall mean the aggregate Revolving Credit
Commitments of all of the Lenders. 
 Revolving Credit Loans shall mean collectively and Revolving
Credit Loan shall mean separately all Revolving Credit Loans or any Revolving Credit Loan made by the Lenders or one of the Lenders to the Borrowers pursuant to Section 2.1 [Revolving Credit Commitments] or 2.9.3 [Disbursements,
Reimbursement]. 
 Revolving Facility Usage shall mean at any time the sum of the outstanding Revolving
Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations. 
 Schedule of Accounts
shall mean a detailed aged trial balance of all then existing Accounts in form and substance satisfactory to Administrative Agent, specifying in each case the names, addresses, face amount and dates of invoice(s) for each Account Debtor obligated on
an Account so listed and, if requested by the Administrative Agent, copies of proof of delivery and customer statements and the original copy of all documents, including, without limitation, repayment histories and present status reports, and such
other matters and information relating to the status of the Accounts and/or the Account Debtors so scheduled as the Administrative Agent may from time to time reasonably request. 

Schedule of Inventory shall mean a current schedule of Inventory in form and substance satisfactory to the
Administrative Agent on a FIFO basis, itemizing and describing the kind, type, quality and quantity of Inventory, as determined by physical counts, the Loan Parties’ costs therefor and selling price thereof. 

Schedule of Payables shall mean a detailed listing of the Loan Parties’ existing accounts payable, specifying
the names of each creditor and the amount owed to such creditor and such matters and information relating to the status of the Loan Parties’ accounts payable so scheduled as the Administrative Agent may from time to time reasonably request.

 Security Agreement shall mean the Security Agreement in substantially the form of Exhibit 1.1(S)
executed and delivered by each of the Loan Parties to the Administrative Agent for the benefit of the Lenders. 

Senior Note Closing Date shall mean March 8, 2011, the date upon which Senior Secured Notes were first issued
pursuant to the terms of the Senior Secured Note Indenture. 
 Senior Secured Notes shall mean the
$365,000,000 of 10.5% Senior Secured Notes due 2018 issued by United Refining and guarantied by the Subsidiary Guarantors (as defined under the Senior Secured Note Indenture), which notes may be increased to an aggregate principal amount of up to
$405,000,000 pursuant to the terms thereof. 

  
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 Senior Secured Note Indenture shall mean that certain Indenture dated
as of March 8, 2011, among United Refining, the Subsidiary Guarantors named therein, and The Bank of New York, as trustee, as amended or supplemented from time to time as permitted under with Section 8.2.13 [Changes in Organizational
Documents and Senior Secured Notes]. 
 Servicing Agreement shall mean that certain agreement between the
Red Apple Group, Inc. (“RAG”) and United Refining dated June 9, 1997, pursuant to which United Refining shall pay to RAG for the use of RAG’s New York headquarters, as such agreement may be amended from time to time, and any
agreement concerning the same subject matter between the United Refining and John A. Catsimatidis and/or any of his Affiliates, whether such agreement is a replacement thereof or in addition thereto. 

Settlement Date shall mean the Business Day on which the Administrative Agent elects to effect settlement pursuant
Section 5.11 [Settlement Date Procedures], and the Administrative Agent shall endeavor to effect such settlement at least weekly. 
 SFAS 133 means Statements of Financial Accounting Standards No. 133, as amended, “Accounting for Derivative Instruments and Hedging Activities”. 

Solvent shall mean, with respect to any Person on a particular date, that on such date (i) 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, (ii) the present fair saleable 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, (iii) such Person is able to realize upon its assets and pay its debts and other liabilities, contingent obligations and other
commitments as they mature in the normal course of business, (iv) 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, and
(v) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute unreasonably small capital after giving due consideration to the
prevailing practice in the industry in which such Person is engaged. 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 
 Standard & Poor’s shall mean Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. 

Standby Letter of Credit shall mean a Letter of Credit issued to support obligations of one or more of the Loan
Parties, contingent or otherwise, which finance the working capital and business needs of the Loan Parties incurred in the ordinary course of business. 
 Statements shall have the meaning specified in Section 6.1.6(i) [Historical Statements]. 
 Subsidiary of any Person at any time shall mean any corporation, trust, partnership, any limited liability company or other business entity (i) of which more than 50% of

  
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the outstanding voting securities or other interests normally entitled to vote for the election of one or more directors or trustees (regardless of any contingency which does or may suspend or
dilute the voting rights) is at such time owned directly or indirectly by such Person or one or more of such Person’s Subsidiaries, or (ii) which is controlled or capable of being controlled by such Person or one or more of such
Person’s Subsidiaries. 
 Subsidiary Equity Interests shall have the meaning specified in
Section 6.1.2 [Subsidiaries and Owners; Investment Companies]. 
 Swing Loan Commitment shall mean
PNC’s commitment to make Swing Loans to the Borrowers pursuant to Section 2.1.2 [Swing Loan Commitment] hereof in an aggregate principal amount up to $17,500,000 (subject to any increase pursuant to Section 2.11(iii) [Proportionate
Increases]. 
 Swing Loan Note shall mean the Swing Loan Note of the Borrowers in the form of
Exhibit 1.1(N)(2) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part. 

Swing Loan Request shall mean a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan
Requests] hereof. 
 Swing Loans shall mean collectively and Swing Loan shall mean separately all
Swing Loans or any Swing Loan made by PNC to the Borrowers pursuant to Section 2.1.2 [Swing Loan Commitment] hereof. 
 Tariff shall mean any one or more of the following (i) the National Energy Board tariffs described as: (a) NEB No. 229 Enbridge Pipelines Inc. Tolls Applying on Crude Petroleum,
Natural Gas Liquids and Refined Petroleum Products; and (b) NEB No. 228 Enbridge Pipelines Inc., Crude Petroleum Tariff; and/or (ii) the Federal Energy Regulatory Commission tariffs described as: (a) FERC No. 3 Enbridge
Energy, Limited Partnership Rules and Regulations Governing the Transportation of Crude Petroleum by Pipeline; and (b) FERC No. 4 Enbridge Energy, Limited Partnership Local Tariff Applying On Crude Petroleum and Natural Gas Liquids, as any
such tariffs may be amended, modified, supplemented or replaced from time to time. 
 Tax Sharing
Agreement shall mean that certain Tax Sharing Agreement dated June 9, 1997, among the Borrowers and certain Subsidiaries and Affiliates of the Borrowers, as the same may be amended as permitted hereunder. 

Taxes shall mean all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees
or other charges imposed by any Official Body, including any interest, additions to tax or penalties applicable thereto. 
 United Refining shall mean United Refining Company, a Pennsylvania corporation. 
 United Refining PA shall mean United Refining Company of Pennsylvania, a Pennsylvania corporation. 

  
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 Undrawn Availability shall mean (i) the lesser of (a) the
Maximum Revolving Advance Amount or (b) the Borrowing Base, less (ii) the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans and the Letter of Credit Obligations, and shall be tested quarterly for the most recent
three month period. 
 URA shall mean United Refining Asphalt, Inc., a Delaware corporation. 

USA Patriot Act shall mean the Uniting and Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56, as the same has been, or shall hereafter be, renewed, extended, amended or replaced. 
 1.2 Construction. Unless the context of this Agreement otherwise clearly requires, the following rules of construction shall apply to this Agreement and each of the other Loan Documents:
(i) references to the plural include the singular, the plural, the part and the whole and the words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation”;
(ii) the words “hereof,” “herein,” “hereunder,” “hereto” and similar terms in this Agreement or any other Loan Document refer to this Agreement or such other Loan Document as a whole; (iii) article,
section, subsection, clause, schedule and exhibit references are to this Agreement or other Loan Document, as the case may be, unless otherwise specified; (iv) reference to any Person includes such Person’s successors and assigns;
(v) reference to any agreement, including this Agreement and any other Loan Document together with the schedules and exhibits hereto or thereto, document or instrument means such agreement, document or instrument as amended, modified, replaced,
substituted for, superseded or restated; (vi) relative to the determination of any period of time, “from” means “from and including,” “to” means “to but excluding,” and “through” means
“through and including”; (vii) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash,
securities, accounts and contract rights, (viii) section headings herein and in each other Loan Document are included for convenience and shall not affect the interpretation of this Agreement or such Loan Document, and (ix) unless
otherwise specified, all references herein to times of day shall be references to Eastern Time. 
 1.3 Accounting
Principles; Changes in GAAP. Except as otherwise provided in this Agreement, all computations and determinations as to accounting or financial matters and all financial statements to be delivered pursuant to this Agreement shall be made and
prepared in accordance with GAAP (including principles of consolidation where appropriate), and all accounting or financial terms shall have the meanings ascribed to such terms by GAAP; provided, however, that all accounting terms used
in Section 8.2 [Negative Covenants] (and all defined terms used in the definition of any accounting term used in Section 8.2 shall have the meaning given to such terms (and defined terms) under GAAP as in effect on the date hereof applied
on a basis consistent with those used in preparing Statements referred to in Section 6.1.6(i) [Historical Statements]. Notwithstanding the foregoing, if the Borrowers notify the Administrative Agent in writing that the Borrowers wish to amend
any financial covenant in Section 8.2 of this Agreement, any related definition and/or the definition of the term Average Excess Availability for purposes of interest, Letter of Credit Fee and Commitment Fee determinations to eliminate the
effect of any change in GAAP occurring after the Closing Date on the operation of such financial covenants and/or interest, Letter of Credit Fee or Commitment 

  
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Fee determinations (or if the Administrative Agent notifies the Borrowers in writing that the Required Lenders wish to amend any financial covenant in Section 8.2, any related definition
and/or the definition of the term Average Excess Availability for purposes of interest, Letter of Credit Fee and Commitment Fee determinations to eliminate the effect of any such change in GAAP), then the Administrative Agent, the Lenders and the
Borrowers shall negotiate in good faith to amend such ratios or requirements to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, the Loan
Parties’ compliance with such covenants and/or the definition of the term Average Excess Availability for purposes of interest and Letter of Credit Fee determinations shall be determined on the basis of GAAP in effect immediately before the
relevant change in GAAP became effective, until either such notice is withdrawn or such covenants or definitions are amended in a manner satisfactory to the Borrowers and the Required Lenders, and the Loan Parties shall provide to the Administrative
Agent, when they delivers their financial statements pursuant to Section 8.3.1 [Quarterly Financial Statements] and 8.3.2 [Annual Financial Statements] of this Agreement, such reconciliation statements as shall be reasonably requested by the
Administrative Agent. 
 2. REVOLVING CREDIT AND SWING LOAN FACILITIES 

2.1 Revolving Credit Commitments. 
 2.1.1 Revolving Credit Loans. Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Lender severally agrees to make Revolving Credit
Loans to the Borrowers at any time or from time to time on or after the date hereof to the Expiration Date; provided that after giving effect to each such Loan (i) the aggregate amount of Revolving Credit Loans from such Lender shall not
exceed such Lender’s Revolving Credit Commitment minus such Lender’s Ratable Share of the Letter of Credit Obligations and (ii) the Revolving Facility Usage shall not exceed the lesser of (a) the Revolving Credit Commitments or
(b) the Borrowing Base. Within such limits of time and amount and subject to the other provisions of this Agreement, the Borrowers may borrow, repay and reborrow pursuant to this Section 2.1. 

2.1.2 Swing Loan Commitment. Subject to the terms and conditions hereof and relying upon the representations and
warranties herein set forth, and in order to facilitate loans and repayments between Settlement Dates, PNC may, at its option, cancelable at any time for any reason whatsoever, make swing loans (the “Swing Loans”) to the Borrowers
at any time or from time to time after the date hereof to, but not including, the Expiration Date, in an aggregate principal amount up to but not in excess of the Swing Loan Commitment, provided that after giving effect to such Loan, the Revolving
Facility Usage shall not exceed the lesser of (i) the Revolving Credit Commitments or (ii) the Borrowing Base. Within such limits of time and amount and subject to the other provisions of this Agreement, the Borrowers may borrow, repay and
reborrow pursuant to this Section 2.1.2. 
 2.2 Nature of Lenders’ Obligations with Respect to Revolving Credit
Loans. Each Lender shall be obligated to participate in each request for Revolving Credit Loans pursuant to Section 2.5 [Revolving Credit Loan Requests; Swing Loan Requests] in accordance with its Ratable Share. The aggregate of each
Lender’s Revolving Credit Loans outstanding hereunder to 

  
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the Borrowers at any time shall never exceed its Revolving Credit Commitment minus its Ratable Share of the outstanding Swing Loans and Letter of Credit Obligations. The obligations of each
Lender hereunder are several. The failure of any Lender to perform its obligations hereunder shall not affect the Obligations of the Borrowers to any other party nor shall any other party be liable for the failure of such Lender to perform its
obligations hereunder. The Lenders shall have no obligation to make Revolving Credit Loans hereunder on or after the Expiration Date. 
 2.3 Commitment Fees. Accruing from the date hereof until the Expiration Date, the Borrowers agree to pay to the Administrative Agent for the account of each Lender according to its Ratable Share, a
nonrefundable commitment fee (the “Commitment Fee”) equal to 0.375% per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) multiplied by the average daily difference between
the amount of (i) the Revolving Credit Commitments (for purposes of this computation, PNC’s Swing Loans shall be deemed to be borrowed amounts under its Revolving Credit Commitment) and (ii) the Revolving Facility Usage;
provided, however, that any Commitment Fee accrued with respect to the Revolving Credit Commitment of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be
payable by the Borrowers so long as such Lender shall be a Defaulting Lender except to the extent that such Commitment Fee shall otherwise have been due and payable by the Borrowers prior to such time; and provided further that no Commitment
Fee shall accrue with respect to the Revolving Commitment of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. Subject to the proviso in the directly preceding sentence, all Commitment Fees shall be payable in arrears on each
Payment Date. 
 2.4 [Intentionally Omitted]. 
 2.5 Revolving Credit Loan Requests; Swing Loan Requests. 

2.5.1 Revolving Credit Loan Requests. Except as otherwise provided herein, the Borrowers may from time to time
prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans pursuant to Section 4.2 [Interest Periods], by delivering to the
Administrative Agent, not later than 12:00 p.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the LIBOR Rate Option applies or the conversion to or the
renewal of the LIBOR Rate Option for any Loans; and (ii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest
Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.5.1 or a request by telephone immediately confirmed in writing by letter, facsimile
or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written
confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of
$500,000 and not less than $2,000,000 for each Borrowing Tranche under the LIBOR Rate Option, and (y) integral multiples of $500,000 

  
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and not less than 1,000,000 or the maximum amount available for each Borrowing Tranche under the Base Rate Option. 

2.5.2 Swing Loan Requests. Except as otherwise provided herein, the Borrowers may from time to time prior to the
Expiration Date request PNC to make Swing Loans by delivery to PNC not later than 1:00 p.m. on the proposed Borrowing Date of a duly completed request therefor substantially in the form of Exhibit 2.5.2 hereto or a request by telephone
immediately confirmed in writing by letter, facsimile or telex (each, a “Swing Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without
the necessity of receipt of such written confirmation. Each Swing Loan Request shall be irrevocable and shall specify the proposed Borrowing Date and the principal amount of such Swing Loan, which shall be not less than $100,000. 

2.6 Making Revolving Credit Loans and Swing Loans; Presumptions by the Administrative Agent; Repayment of Revolving Credit Loans;
Borrowings to Repay Swing Loans. 
 2.6.1 Making Revolving Credit Loans. The Administrative Agent
shall, promptly after receipt by it of a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Loan Request specifying the information provided by the Borrowers and
the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans]. Each Lender shall
remit the principal amount of each Revolving Credit Loan to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purpose and
subject to Section 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrowers in U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m., on the applicable Borrowing Date;
provided that if any Lender fails to remit such funds to the Administrative Agent in a timely manner, the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loans of such Lender on such
Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6.2 [Presumptions by the Administrative Agent]. 
 2.6.2 Presumptions by the Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Loan that such Lender will not make
available to the Administrative Agent such Lender’s share of such Loan, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.6.1 [Making Revolving Credit Loans] and
may, in reliance upon such assumption, make available to the Borrowers a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Loan available to the Administrative Agent, then the applicable Lender and
each Borrower jointly and severally agrees to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the Borrowers to, but
excluding the date of payment to the Administrative Agent, at (i) in the case of a payment to be made by such Lender, the greater of the Federal Funds Effective Rate and a rate determined by

  
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the Administrative Agent in accordance with banking industry rules on interbank compensation and (ii) in the case of a payment to be made by the Borrowers, the interest rate applicable to
Loans under the Base Rate Option. If such Lender pays its share of the applicable Loan to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan. Any payment by the Borrowers shall be without prejudice to any
claim the Borrowers may have against a Lender that shall have failed to make such payment to the Administrative Agent. 
 2.6.3 Making Swing Loans. So long as PNC elects to make Swing Loans, PNC shall, after receipt by it of a Swing Loan Request pursuant to Section 2.5.2, [Swing Loan Requests] fund such Swing
Loan to the Borrowers in U.S. Dollars and immediately available funds at the Principal Office prior to 3:00 p.m. on the Borrowing Date. 
 2.6.4 Repayment of Revolving Credit Loans. The Borrowers shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date. 

2.6.5 Borrowings to Repay Swing Loans. PNC may, at its option, exercisable at any time for any reason whatsoever,
demand repayment of the Swing Loans, and each Lender shall make a Revolving Credit Loan in an amount equal to such Lender’s Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC so requests, accrued
interest thereon, provided that no Lender shall be obligated in any event to make Revolving Credit Loans in excess of its Revolving Credit Commitment minus its Ratable Share of Letter of Credit Obligations. Revolving Credit Loans made
pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5.1 [Revolving Credit Loan Requests] without regard to any of the requirements of
that provision. PNC shall provide notice to the Lenders (which may be telephonic or written notice by letter, facsimile or telex) that such Revolving Credit Loans are to be made under this Section 2.6.5 and of the apportionment among the
Lenders, and the Lenders shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 2.5.1 [Revolving Credit Loan Requests] are then satisfied) by the time PNC so requests, which
shall not be earlier than 3:00 p.m. on the Business Day next after the date the Lenders receive such notice from PNC. 
 2.6.6 Swing Loans Under Cash Management Agreements. In addition to making Swing Loans pursuant to the foregoing provisions of Section 2.6.3 [Making Swing Loans], without the requirement for a
specific request from the Borrowers pursuant to Section 2.5.2 [Swing Loan Requests], PNC as the Swing Loan Lender may make Swing Loans to the Borrowers in accordance with the provisions of the agreements among the Borrowers and such Swing Loan
Lender relating to the Borrowers’ deposit, sweep and other accounts at such Swing Loan Lender and related arrangements and agreements regarding the management and investment of the Borrowers’ cash assets as in effect from time to time (the
“Cash Management Agreements”) to the extent of the daily aggregate net negative balance in the Borrowers’ accounts which are subject to the provisions of the Cash Management Agreements. Swing Loans made pursuant to this
Section 2.6.6 in accordance with the provisions of the Cash Management Agreements shall (i) be subject to the limitations as to aggregate amount set forth in Section 2.1.2 [Swing Loan Commitment], (ii) not be subject to the
limitations as to individual amount set forth in Section 2.5.2 [Swing Loan Requests], (iii) be payable by the Borrowers, both as to principal and interest, at the rates and times set forth in the Cash Management Agreements (but in no event
later than the Expiration Date), (iv) not be made at any time after such Swing 

  
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Loan Lender has received written notice of the occurrence of an Event of Default and so long as such shall continue to exist, or, unless consented to by the Required Lenders, a Potential Default
and so long as such shall continue to exist, (v) if not repaid by the Borrowers in accordance with the provisions of the Cash Management Agreements, be subject to each Lender’s obligation pursuant to Section 2.6.5 [Borrowings to Repay
Swing Loans], and (vi) except as provided in the foregoing subsections (i) through (v), be subject to all of the terms and conditions of this Section 2. 
 2.7 Notes. The Obligation of the Borrowers to repay the aggregate unpaid principal amount of the Revolving Credit Loans and Swing Loans made to it by each Lender, together with interest thereon,
shall be evidenced by a revolving credit Note and a swing Note and, dated the Closing Date payable to the order of such Lender in a face amount equal to the Revolving Credit Commitment or Swing Loan Commitment, as applicable, of such Lender.

 2.8 Use of Proceeds. The proceeds of the Loans shall be used to (i) refinance existing Indebtedness,
(ii) support working capital and general corporate needs, (iii) finance ongoing capital expenditures and (iv) pay fees and expenses incurred in connection with the entering into the Loan Documents. 

2.9 Letter of Credit Subfacility. 
 2.9.1 Issuance of Letters of Credit. On the Closing Date, the outstanding letters of credit previously issued by PNC as an “Issuing Lender” under the 2002 Credit Agreement that are set
forth on Schedule 2.9.1 (the “Existing Letters of Credit”) will automatically, without any action on the part of any Person, be deemed to be Letters of Credit issued hereunder for the account of the Borrowers for all purposes
of this Agreement and the other Loan Documents. Borrowers may at any time prior to the Expiration Date request the issuance of a Standby Letter of Credit or Commercial Letter of Credit (each a “Letter of Credit”) on behalf of itself
or another Loan Party, or the amendment or extension of an existing Letter of Credit, by delivering or having such other Loan Party deliver to the Issuing Lender (with a copy to the Administrative Agent) a completed application and agreement for
letters of credit, or request for such amendment or extension, as applicable, in such form as the Issuing Lender may specify from time to time by no later than 10:00 a.m. at least three (3) Business Days, or such shorter period as may be agreed
to by the Issuing Lender, in advance of the proposed date of issuance. Promptly after receipt of any letter of credit application, the Issuing Lender shall confirm with the Administrative Agent (by telephone or in writing) that the Administrative
Agent has received a copy of such Letter of Credit application and if not, such Issuing Lender will provide Administrative Agent with a copy thereof. Unless the Issuing Lender has received notice from any Lender, Administrative Agent or any Loan
Party, at least one day prior to the requested date of issuance, amendment or extension of the applicable Letter of Credit, that one or more applicable conditions in Section 7 [Conditions of Lending and Issuance of Letters of Credit] is not
satisfied, then, subject to the terms and conditions hereof and in reliance on the agreements of the other Lenders set forth in this Section 2.9, the Issuing Lender or any of the Issuing Lender’s Affiliates will issue a Letter of Credit or
agree to such amendment or extension, provided that each Letter of Credit shall (A) have a maximum maturity of twelve (12) months from the date of issuance, and (B) in no event expire later than ten (10) Business Days prior to
the Expiration Date and provided further that in no event shall (i) the 

  
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Letter of Credit Obligations exceed, at any one time, $50,000,000 (the “Letter of Credit Sublimit”), or (ii) the Revolving Facility Usage exceed, at any one time, the lesser
of (a) Revolving Credit Commitments or (b) the Borrowing Base, and the Borrowers shall at all times be in compliance with Section 8.2.20 [Minimum Undrawn Availability]. Each request by the Borrowers for the issuance, amendment or
extension of a Letter of Credit shall be deemed to be a representation by the Borrowers that they shall be in compliance with the preceding sentence and with Section 7 [Conditions of Lending and Issuance of Letters of Credit] after giving
effect to the requested issuance, amendment or extension of such Letter of Credit. Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to the beneficiary thereof, the Issuing Lender will also deliver to
Borrowers and Administrative Agent a true and complete copy of such Letter of Credit or amendment. 
 2.9.2
Letter of Credit Fees. The Borrowers shall pay (i) to the Administrative Agent for the ratable account of the Lenders a fee (the “Letter of Credit Fee”) equal to the Applicable Letter of Credit Fee Rate, and (ii) to
the Issuing Lender for its own account a fronting fee equal to 0.25% per annum (in each case computed on the basis of a year of 360 days and actual days elapsed), which fees shall be computed on the daily average Letter of Credit Obligations
and shall be payable quarterly in arrears on each Payment Date following issuance of each Letter of Credit. The Borrowers shall also pay to the Issuing Lender for the Issuing Lender’s sole account the Issuing Lender’s then in effect
customary fees and administrative expenses payable with respect to the Letters of Credit as the Issuing Lender may generally charge or incur from time to time in connection with the issuance, maintenance, amendment (if any), assignment or transfer
(if any), negotiation, and administration of Letters of Credit. 
 2.9.3 Disbursements, Reimbursement.
Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an
amount equal to such Lender’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. 

2.9.3.1 In the event of any request for a drawing under a Letter of Credit (including the Existing Letters of Credit) by
the beneficiary or transferee thereof, the Issuing Lender will promptly notify the Borrowers and the Administrative Agent thereof. Provided that it shall have received such notice, the Borrowers shall reimburse (such obligation to reimburse the
Issuing Lender shall sometimes be referred to as a “Reimbursement Obligation”) the Issuing Lender prior to 12:00 noon on each date that an amount is paid by the Issuing Lender under any Letter of Credit (each such date, a
“Drawing Date”) by paying to the Administrative Agent for the account of the Issuing Lender an amount equal to the amount so paid by the Issuing Lender. In the event the Borrowers fail to reimburse the Issuing Lender (through the
Administrative Agent) for the full amount of any drawing under any Letter of Credit by 12:00 noon on the Drawing Date, the Administrative Agent will promptly notify each Lender thereof, and the Borrowers shall be deemed to have requested that
Revolving Credit Loans be made by the Lenders under the Base Rate Option to be disbursed on the Drawing Date under such Letter of Credit, subject to the amount of the unutilized portion of the Revolving Credit Commitment and subject to the
conditions set forth in Section 7.2 [Each Loan or Letter of Credit] other than any notice requirements. Any notice given by the Administrative Agent or Issuing Lender pursuant to this Section 2.9.3.1 may be oral if immediately confirmed in
writing; 

  
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provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 

2.9.3.2 Each Lender shall upon any notice pursuant to Section 2.9.3.1 make available to the Administrative Agent for
the account of the Issuing Lender an amount in immediately available funds equal to its Ratable Share of the amount of the drawing, whereupon the participating Lenders shall (subject to Section 2.9.3 [Disbursements; Reimbursement]) each be
deemed to have made a Revolving Credit Loan under the Base Rate Option to the Borrowers in that amount. If any Lender so notified fails to make available to the Administrative Agent for the account of the Issuing Lender the amount of such
Lender’s Ratable Share of such amount by no later than 2:00 p.m. on the Drawing Date, then interest shall accrue on such Lender’s obligation to make such payment, from the Drawing Date to the date on which such Lender makes such payment
(i) at a rate per annum equal to the Federal Funds Effective Rate during the first three (3) days following the Drawing Date and (ii) at a rate per annum equal to the rate applicable to Loans under the Revolving Credit Base Rate
Option on and after the fourth day following the Drawing Date. The Administrative Agent and the Issuing Lender will promptly give notice (as described in Section 2.9.3.1 above) of the occurrence of the Drawing Date, but failure of the
Administrative Agent or the Issuing Lender to give any such notice on the Drawing Date or in sufficient time to enable any Lender to effect such payment on such date shall not relieve such Lender from its obligation under this Section 2.9.3.2.

 2.9.3.3 With respect to any unreimbursed drawing that is not converted into Revolving Credit Loans under the
Base Rate Option to the Borrowers in whole or in part as contemplated by Section 2.9.3.1, because of any Borrower’s failure to satisfy the conditions set forth in Section 7.2 [Each Loan or Letter of Credit] other than any notice
requirements, or for any other reason, the Borrowers shall be deemed to have incurred from the Issuing Lender a borrowing (each a “Letter of Credit Borrowing”) in the amount of such drawing. Such Letter of Credit Borrowing shall be
due and payable on demand (together with interest) and shall bear interest at the rate per annum applicable to the Revolving Credit Loans under the Base Rate Option. Each Lender’s payment to the Administrative Agent for the account of the
Issuing Lender pursuant to Section 2.9.3 [Disbursements, Reimbursement] shall be deemed to be a payment in respect of its participation in such Letter of Credit Borrowing (each a “Participation Advance”) from such Lender in
satisfaction of its participation obligation under this Section 2.9.3. 
 2.9.4 Repayment of
Participation Advances. 
 2.9.4.1 Upon (and only upon) receipt by the Administrative Agent for the account
of the Issuing Lender of immediately available funds from the Borrowers (i) in reimbursement of any payment made by the Issuing Lender under the Letter of Credit with respect to which any Lender has made a Participation Advance to the
Administrative Agent, or (ii) in payment of interest on such a payment made by the Issuing Lender under such a Letter of Credit, the Administrative Agent on behalf of the Issuing Lender will pay to each Lender, in the same funds as those
received by the Administrative Agent, the amount of such Lender’s Ratable Share of such funds, except the Administrative Agent shall retain for the account of the Issuing Lender the amount of the Ratable Share of such funds of any Lender that
did not make a Participation Advance in respect of such payment by the Issuing Lender. 

  
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 2.9.4.2 If the Administrative Agent is required at any time to return to any
Loan Party, or to a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceeding, any portion of any payment made by any Loan Party to the Administrative Agent for the account of the Issuing Lender pursuant to this Section
in reimbursement of a payment made under the Letter of Credit or interest or fee thereon, each Lender shall, on demand of the Administrative Agent, forthwith return to the Administrative Agent for the account of the Issuing Lender the amount of its
Ratable Share of any amounts so returned by the Administrative Agent plus interest thereon from the date such demand is made to the date such amounts are returned by such Lender to the Administrative Agent, at a rate per annum equal to the Federal
Funds Effective Rate in effect from time to time. 
 2.9.5 Documentation. Each Loan Party agrees to be
bound by the terms of the Issuing Lender’s application and agreement for letters of credit and the Issuing Lender’s written regulations and customary practices relating to letters of credit, though such interpretation may be different from
such Loan Party’s own. In the event of a conflict between such application or agreement and this Agreement, this Agreement shall govern. It is understood and agreed that, except in the case of gross negligence or willful misconduct, the Issuing
Lender shall not be liable for any error, negligence and/or mistakes, whether of omission or commission, in following any Loan Party’s instructions or those contained in the Letters of Credit or any modifications, amendments or supplements
thereto. 
 2.9.6 Determinations to Honor Drawing Requests. In determining whether to honor any request
for drawing under any Letter of Credit by the beneficiary thereof, the Issuing Lender shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they
comply on their face with the requirements of such Letter of Credit. 
 2.9.7 Nature of Participation and
Reimbursement Obligations. Each Lender’s obligation in accordance with this Agreement to make the Revolving Credit Loans or Participation Advances, as contemplated by Section 2.9.3 [Disbursements, Reimbursement], as a result of a
drawing under a Letter of Credit, and the Obligations of the Borrowers to reimburse the Issuing Lender upon a draw under a Letter of Credit, shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the
terms of this Section 2.9 under all circumstances, including the following circumstances: 
 (i) any
set-off, counterclaim, recoupment, defense or other right which such Lender may have against the Issuing Lender or any of its Affiliates, the Borrowers or any other Person for any reason whatsoever, or which any Loan Party may have against the
Issuing Lender or any of its Affiliates, any Lender or any other Person for any reason whatsoever; 
 (ii) the
failure of any Loan Party or any other Person to comply, in connection with a Letter of Credit Borrowing, with the conditions set forth in Sections 2.1 [Revolving Credit Commitments], 2.5 [Revolving Credit Loan Requests; Swing Loan Requests],
2.6 [Making Revolving Credit Loans and Swing Loans; Etc.] or 7.2 [Each Loan or Letter of Credit] or as otherwise set forth in this Agreement for the making of a Revolving Credit Loan, it being acknowledged that such conditions are not required for
the making of a 

  
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Letter of Credit Borrowing and the obligation of the Lenders to make Participation Advances under Section 2.9.3 [Disbursements, Reimbursement]; 

(iii) any lack of validity or enforceability of any Letter of Credit; 

(iv) any claim of breach of warranty that might be made by any Loan Party or any Lender against any beneficiary of a
Letter of Credit, or the existence of any claim, set-off, recoupment, counterclaim, crossclaim, defense or other right which any Loan Party or any Lender may have at any time against a beneficiary, successor beneficiary any transferee or assignee of
any Letter of Credit or the proceeds thereof (or any Persons for whom any such transferee may be acting), the Issuing Lender or its Affiliates or any Lender or any other Person, whether in connection with this Agreement, the transactions
contemplated herein or any unrelated transaction (including any underlying transaction between any Loan Party or Subsidiaries of a Loan Party and the beneficiary for which any Letter of Credit was procured); 

(v) the lack of power or authority of any signer of (or any defect in or forgery of any signature or endorsement on) or
the form of or lack of validity, sufficiency, accuracy, enforceability or genuineness of any draft, demand, instrument, certificate or other document presented under or in connection with any Letter of Credit, or any fraud or alleged fraud in
connection with any Letter of Credit, or the transport of any property or provision of services relating to a Letter of Credit, in each case even if the Issuing Lender or any of its Affiliates has been notified thereof; 

(vi) payment by the Issuing Lender or any of its Affiliates under any Letter of Credit against presentation of a demand,
draft or certificate or other document which does not comply with the terms of such Letter of Credit; 
 (vii)
the solvency of, or any acts or omissions by, any beneficiary of any Letter of Credit, or any other Person having a role in any transaction or obligation relating to a Letter of Credit, or the existence, nature, quality, quantity, condition, value
or other characteristic of any property or services relating to a Letter of Credit; 
 (viii) any failure by the
Issuing Lender or any of its Affiliates to issue any Letter of Credit in the form requested by any Loan Party, unless the Issuing Lender has received written notice from such Loan Party of such failure within three Business Days after the Issuing
Lender shall have furnished such Loan Party and the Administrative Agent a copy of such Letter of Credit and such error is material and no drawing has been made thereon prior to receipt of such notice; 

(ix) any adverse change in the business, operations, properties, assets, condition (financial or otherwise) or prospects
of any Loan Party or Subsidiaries of a Loan Party; 
 (x) any breach of this Agreement or any other Loan Document
by any party thereto; 
 (xi) the occurrence or continuance of an Insolvency Proceeding with respect to any Loan
Party; 

  
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 (xii) the fact that an Event of Default or a Potential Default shall have
occurred and be continuing; 
 (xiii) the fact that the Expiration Date shall have passed or this Agreement or
the Commitments hereunder shall have been terminated; and 
 (xiv) any other circumstance or happening
whatsoever, whether or not similar to any of the foregoing. 
 2.9.8 Indemnity. Each Borrower hereby
agrees to protect, indemnify, pay and save harmless the Issuing Lender and any of its Affiliates that has issued a Letter of Credit from and against any and all claims, demands, liabilities, damages, taxes, penalties, interest, judgments, losses,
costs, charges and expenses (including reasonable fees, expenses and disbursements of counsel and allocated costs of internal counsel) which the Issuing Lender or any of its Affiliates may incur or be subject to as a consequence, direct or indirect,
of the issuance of any Letter of Credit, other than as a result of (A) the gross negligence or willful misconduct of the Issuing Lender as determined by a final non-appealable judgment of a court of competent jurisdiction or (B) the
wrongful dishonor by the Issuing Lender or any of Issuing Lender’s Affiliates of a proper demand for payment made under any Letter of Credit, except if such dishonor resulted from any act or omission, whether rightful or wrongful, of any
present or future de jure or de facto government or Official Body. 
 2.9.9 Liability for Acts and
Omissions. As between any Loan Party and the Issuing Lender, or the Issuing Lender’s Affiliates, such Loan Party assumes all risks of the acts and omissions of, or misuse of the Letters of Credit by, the respective beneficiaries of such
Letters of Credit. In furtherance and not in limitation of the foregoing, the Issuing Lender shall not be responsible for any of the following, including any losses or damages to any Loan Party or other Person or property relating therefrom:
(i) the form, validity, sufficiency, accuracy, genuineness or legal effect of any document submitted by any party in connection with the application for an issuance of any such Letter of Credit, even if it should in fact prove to be in any or
all respects invalid, insufficient, inaccurate, fraudulent or forged (even if the Issuing Lender or its Affiliates shall have been notified thereof); (ii) the validity or sufficiency of any instrument transferring or assigning or purporting to
transfer or assign any such Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason; (iii) the failure of the beneficiary of any such Letter of
Credit, or any other party to which such Letter of Credit may be transferred, to comply fully with any conditions required in order to draw upon such Letter of Credit or any other claim of any Loan Party against any beneficiary of such Letter of
Credit, or any such transferee, or any dispute between or among any Loan Party and any beneficiary of any Letter of Credit or any such transferee; (iv) errors, omissions, interruptions or delays in transmission or delivery of any messages, by
mail, cable, telegraph, telex or otherwise, whether or not they be in cipher; (v) errors in interpretation of technical terms; (vi) any loss or delay in the transmission or otherwise of any document required in order to make a drawing
under any such Letter of Credit or of the proceeds thereof; (vii) the misapplication by the beneficiary of any such Letter of Credit of the proceeds of any drawing under such Letter of Credit; or (viii) any consequences arising from causes
beyond the control of the Issuing Lender or its Affiliates, as applicable, including any act or omission of any Official Body, and none of the above shall affect or impair, or prevent 

  
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the vesting of, any of the Issuing Lender’s or its Affiliates rights or powers hereunder. Nothing in the preceding sentence shall relieve the Issuing Lender from liability for the Issuing
Lender’s gross negligence or willful misconduct in connection with actions or omissions described in such clauses (i) through (viii) of such sentence. In no event shall the Issuing Lender or its Affiliates be liable to any Loan Party
for any indirect, consequential, incidental, punitive, exemplary or special damages or expenses (including without limitation attorneys’ fees), or for any damages resulting from any change in the value of any property relating to a Letter of
Credit. 
 Without limiting the generality of the foregoing, the Issuing Lender and each of its Affiliates
(i) may rely on any oral or other communication believed in good faith by the Issuing Lender or such Affiliate to have been authorized or given by or on behalf of the applicant for a Letter of Credit, (ii) may honor any presentation if the
documents presented appear on their face substantially to comply with the terms and conditions of the relevant Letter of Credit; (iii) may honor a previously dishonored presentation under a Letter of Credit, whether such dishonor was pursuant
to a court order, to settle or compromise any claim of wrongful dishonor, or otherwise, and shall be entitled to reimbursement to the same extent as if such presentation had initially been honored, together with any interest paid by the Issuing
Lender or its Affiliate; (iv) may honor any drawing that is payable upon presentation of a statement advising negotiation or payment, upon receipt of such statement (even if such statement indicates that a draft or other document is being
delivered separately), and shall not be liable for any failure of any such draft or other document to arrive, or to conform in any way with the relevant Letter of Credit; (v) may pay any paying or negotiating bank claiming that it rightfully
honored under the laws or practices of the place where such bank is located; and (vi) may settle or adjust any claim or demand made on the Issuing Lender or its Affiliate in any way related to any order issued at the applicant’s request to
an air carrier, a letter of guarantee or of indemnity issued to a carrier or any similar document (each an “Order”) and honor any drawing in connection with any Letter of Credit that is the subject of such Order, notwithstanding
that any drafts or other documents presented in connection with such Letter of Credit fail to conform in any way with such Letter of Credit. 
 In furtherance and extension and not in limitation of the specific provisions set forth above, any action taken or omitted by the Issuing Lender or its Affiliates under or in connection with the Letters
of Credit issued by it or any documents and certificates delivered thereunder, if taken or omitted in good faith, shall not put the Issuing Lender or its Affiliates under any resulting liability to any Borrower or any Lender. 

2.9.10 Issuing Lender Reporting Requirements. The Issuing Lender shall, on the first Business Day of each month,
provide to Administrative Agent and Borrowers a schedule of the Letters of Credit issued by it, in form and substance satisfactory to Administrative Agent, showing the date of issuance of each Letter of Credit, the account party, the original face
amount (if any), and the expiration date of any Letter of Credit outstanding at any time during the preceding month, and any other information relating to such Letter of Credit that the Administrative Agent may request. 

2.10 Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting
Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 

  
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 (i) fees shall cease to accrue on the unfunded portion of the Commitment of
such Defaulting Lender pursuant to Section 2.3 [Commitment Fees]; 
 (ii) the Commitment and outstanding
Loans of such Defaulting Lender shall not be included in determining whether the Required Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section 11.1
[Modifications, Amendments or Waivers]); provided, that this clause (ii) shall not apply to the vote of a Defaulting Lender in the case of an amendment, waiver or other modification requiring the consent of such Lender or each Lender directly
affected thereby; 
 (iii) if any Swing Loans are outstanding or any Letter of Credit Obligations exist at the
time such Lender becomes a Defaulting Lender, then: 
 (a) all or any part of the outstanding Swing Loans and
Letter of Credit Obligations of such Defaulting Lender shall be reallocated among the non-Defaulting Lenders in accordance with their respective Ratable Shares but only to the extent that (x) the Revolving Facility Usage does not exceed the
total of all non-Defaulting Lenders’ Revolving Credit Commitments, and (y) no Potential Default or Event of Default has occurred and is continuing at such time; 

(b) if the reallocation described in clause (a) above cannot, or can only partially, be effected, the Borrowers
shall within one Business Day following notice by the Administrative Agent (x) first, prepay such outstanding Swing Loans, and (y) second, cash collateralize for the benefit of the Issuing Lender the Borrowers’
obligations corresponding to such Defaulting Lender’s Letter of Credit Obligations (after giving effect to any partial reallocation pursuant to clause (a) above) in a deposit account held at the Administrative Agent for so long as such
Letter of Credit Obligations are outstanding; 
 (c) if the Borrowers cash collateralize any portion of such
Defaulting Lender’s Letter of Credit Obligations pursuant to clause (b) above, the Borrowers shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.9.2 [Letter of Credit Fees] with respect to such
Defaulting Lender’s Letter of Credit Obligations during the period such Defaulting Lender’s Letter of Credit Obligations are cash collateralized; 
 (d) if the Letter of Credit Obligations of the non-Defaulting Lenders are reallocated pursuant to clause (a) above, then the fees payable to the Lenders pursuant to Section 2.9.2 shall be
adjusted in accordance with such non-Defaulting Lenders’ Ratable Share; and 
 (e) if all or any portion of
such Defaulting Lender’s Letter of Credit Obligations are neither reallocated nor cash collateralized pursuant to clause (a) or (b) above, then, without prejudice to any rights or remedies of the Issuing Lender or any other Lender
hereunder, all Letter of Credit Fees payable under Section 2.9.2 with respect to such Defaulting Lender’s Letter of Credit Obligations shall be payable to the Issuing Lender (and not to such Defaulting Lender) until and to the extent that
such Letter of Credit Obligations are reallocated and/or cash collateralized; and 
 (iv) so long as such Lender
is a Defaulting Lender, PNC shall not be required to fund any Swing Loans and the Issuing Lender shall not be required to issue, amend 

  
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or increase any Letter of Credit, unless such Issuing Lender is satisfied that the related exposure and the Defaulting Lender’s then outstanding Letter of Credit Obligations will be 100%
covered by the Revolving Credit Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Borrowers in accordance with Section 2.10(iii), and participating interests in any newly made Swing Loan or any newly
issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.10(iii)(a) (and such Defaulting Lender shall not participate therein). 

If (i) a Bankruptcy Event with respect to a parent company of any Lender shall occur following the date hereof and for so long as such event shall
continue, or (ii) PNC or the Issuing Lender has a good faith belief that any Lender has defaulted in fulfilling its obligations under one or more other agreements in which such Lender commits to extend credit, PNC shall not be required to fund
any Swing Loan and the Issuing Lender shall not be required to issue, amend or increase any Letter of Credit, unless PNC or the Issuing Lender, as the case may be, shall have entered into arrangements with the Borrowers or such Lender, satisfactory
to PNC or the Issuing Lender, as the case may be, to defease any risk to it in respect of such Lender hereunder. 
 In the event that the
Administrative Agent, the Borrowers, PNC and the Issuing Lender agree in writing that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Administrative Agent will so notify the parties
hereto, and the Ratable Share of the Swing Loans and Letter of Credit Obligations of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment, and on such date such Lender shall purchase at par such of the Loans of
the other Lenders (other than Swing Loans) as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Ratable Share. 

2.11 Increase in Revolving Credit Commitments. 

(i) Increasing Lenders and New Lenders. The Borrowers may, at any time prior to the Expiration Date, request that
(1) the current Lenders increase their Revolving Credit Commitments (any current Lender which elects to increase its Revolving Credit Commitment shall be referred to as an “Increasing Lender”) or (2) one or more new lenders (each
a “New Lender”) join this Agreement and provide a Revolving Credit Commitment hereunder, subject to the following terms and conditions: 
 (a) No Obligation to Increase. Each current Lender shall have the option to increase its Revolving Credit Commitment by an amount equal to at least such amount as is necessary to maintain its
current percentage of Commitments immediately prior to giving effect to such increase, but no current Lender shall be obligated to increase its Revolving Credit Commitment and any increase in the Revolving Credit Commitment by any current Lender
shall be in the sole discretion of such current Lender; 
 (b) Defaults. There shall exist no Events of
Default or Potential Default on the effective date of such increase after giving effect to such increase; 
 (c)
Maximum Amount of Increases and Aggregate Revolving Credit Commitments. The Borrowers may request up to two (2) separate increases of the 

  
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Revolving Credit Commitments so long as after giving effect to each such increase, the total Revolving Credit Commitments shall not exceed $225,000,000; 

(d) Minimum Revolving Credit Commitment increase. The minimum amount of each Revolving Credit Commitment increase
shall be at least $10,000,000; 
 (e) Resolutions; Opinion. The Loan Parties shall deliver to the
Administrative Agent on or before the effective date of such increase the following documents in a form reasonably acceptable to the Administrative Agent: (1) certifications of their corporate secretaries with attached resolutions certifying
that the increase in the Revolving Credit Commitment has been approved by such Loan Parties, and (2) an opinion of counsel addressed to the Administrative Agent and the Lenders addressing the authorization and execution of the Loan Documents
by, and enforceability of the Loan Documents against, the Loan Parties; 
 (f) Notes. The Borrowers shall
execute and deliver (1) to each Increasing Lender a replacement revolving credit Note reflecting the new amount of such Increasing Lender’s Revolving Credit Commitment after giving effect to the increase (and the prior Note issued to such
Increasing Lender shall be deemed to be terminated) and (2) to each New Lender a revolving credit Note reflecting the amount of such New Lender’s Revolving Credit Commitment; 

(g) Approval of New Lenders. Any New Lender shall be subject to the approval of the Administrative Agent
[Successors and Assigns]; 
 (h) Increasing Lenders. Each Increasing Lender shall confirm its agreement to
increase its Revolving Credit Commitment pursuant to an acknowledgement in a form acceptable to the Administrative Agent, signed by it and the Borrowers and delivered to the Administrative Agent at least five (5) days before the effective date
of such increase; and 
 (i) New Lenders—Joinder. Each New Lender shall execute a lender joinder in
substantially the form of Exhibit 2.11 pursuant to which such New Lender shall join and become a party to this Agreement and the other Loan Documents with a Revolving Credit Commitment in the amount set forth in such lender joinder.

 (ii) Treatment of Outstanding Loans and Letters of Credit. 

(a) Repayment of Outstanding Loans; Borrowing of New Loans. On the effective date of such increase, the Borrowers
shall repay all Loans then outstanding, subject to each Borrower’s indemnity obligations under Section 5.10 [Indemnity]; provided that it may borrow new Loans with a Borrowing Date on such date. Each of the Lenders shall participate
in any new Loans made on or after such date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.11. 

(b) Outstanding Letters of Credit; Repayment of Outstanding Loans; Borrowing of New Loans. On the effective date of
such increase, each Increasing Lender and each New Lender (i) will be deemed to have purchased a participation in each then outstanding Letter of Credit equal to its Ratable Share of such Letter of Credit and the

  
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participation of each other Lender in such Letter of Credit shall be adjusted accordingly and (ii) will acquire, (and will pay to the Administrative Agent, for the account of each Lender, in
immediately available funds, an amount equal to) its Ratable Share of all outstanding Participation Advances. 

(iii) Proportionate Increases. In the event that the Borrowers increase their Revolving Credit Commitments pursuant
to this Section 2.11, (1) the inventory sublimit contained in the definition of subsection (iii)(B) of the definition of Borrowing Base contained in Section 1.1 [Certain Definitions], (2) the “Undrawn Availability”
component used in Sections 8.2.4 [Loans and Investments], 8.2.8 [Affiliate Transactions], 8.2.14 Capital Expenditures and Leases] and (3) the Swing Loan Commitment, shall each be increased proportionally to reflect such increase. 

2.12 Reduction of Revolving Credit Commitment. The Borrowers shall have the right at any time after the Closing Date upon fifteen
(15) days’ prior written notice to the Administrative Agent to permanently reduce (ratably among the Lenders in proportion to their Ratable Shares) the Revolving Credit Commitments, in a minimum amount of $5,000,000 and whole multiples of
$5,000,000, or to terminate completely the Revolving Credit Commitments, without penalty or premium except as hereinafter set forth; provided that any such reduction or termination shall be accompanied by prepayment of the Revolving Credit Loans
(and, if necessary, the cash collateralization of Letter of Credit Obligations), together with outstanding Commitment Fees, and the full amount of interest accrued on the principal sum to be prepaid (and all amounts referred to in Section 5.10
[Indemnity] hereof) to the extent necessary to cause the aggregate Revolving Facility Usage after giving effect to such prepayments to be equal to or less than the Revolving Credit Commitments as so reduced or terminated. Any notice to reduce the
Revolving Credit Commitments under this Section 2.12 shall be irrevocable. 
 3. [INTENTIONALLY OMITTED] 

4. INTEREST RATES 
 4.1 Interest Rate Options. The Borrowers shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or LIBOR Rate Option set
forth below applicable to the Loans, it being understood that, subject to the provisions of this Agreement, the Borrowers may select different Interest Rate Options and different Interest Periods to apply simultaneously to the Loans comprising
different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche; provided that there shall not be at any one time outstanding more
than five (5) Borrowing Tranches in the aggregate among all of the Loans and provided further that if an Event of Default or Potential Default exists and is continuing, the Borrowers may not request, convert to, or renew the LIBOR Rate
Option for any Loans and the Required Lenders may demand that all existing Borrowing Tranches bearing interest under the LIBOR Rate Option shall be converted immediately to the Base Rate Option, subject to the obligation of the Borrowers to pay any
indemnity under Section 5.10 [Indemnity] in connection with such conversion. If at any time the designated rate applicable to any Loan 

  
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made by any Lender exceeds such Lender’s highest lawful rate, the rate of interest on such Lender’s Loan shall be limited to such Lender’s highest lawful rate. 

4.1.1 Revolving Credit Interest Rate Options; Swing Line Interest Rate. The Borrowers shall have the right to
select from the following Interest Rate Options applicable to the Revolving Credit Loans: 
 (i) Revolving
Credit Base Rate Option: A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically
from time to time effective as of the effective date of each change in the Base Rate; or 
 (ii) Revolving
Credit LIBOR Rate Option: A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate plus the Applicable Margin. 
 Subject to Section 4.3 [Interest After Default], only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans. 

4.2 Interest Periods. At any time when the Borrowers shall select, convert to or renew a LIBOR Rate Option, the Borrowers shall
notify the Administrative Agent thereof at least three (3) Business Days prior to the effective date of such LIBOR Rate Option by delivering a Loan Request. The notice shall specify an Interest Period during which such Interest Rate Option
shall apply. Notwithstanding the preceding sentence, the following provisions shall apply to any selection of, renewal of, or conversion to a LIBOR Rate Option: 
 4.2.1 Amount of Borrowing Tranche. Each Borrowing Tranche of Loans under the LIBOR Rate Option shall be in integral multiples of $500,000 and not less than $2,000,000; and 

4.2.2 Renewals. In the case of the renewal of a LIBOR Rate Option at the end of an Interest Period, the first day
of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day. 
 4.3 Interest After Default. To the extent permitted by Law, upon the occurrence of an Event of Default and until such time such Event of Default shall have been cured or waived, and at the
discretion of the Administrative Agent or upon written demand by the Required Lenders to the Administrative Agent: 
 4.3.1 Letter of Credit Fees, Interest Rate. The Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.9.2 [Letter of Credit Fees] or
Section 4.1 [Interest Rate Options], respectively, shall be increased by 2.0% per annum; 
 4.3.2
Other Obligations. Each other Obligation hereunder if not paid when due shall bear interest at a rate per annum equal to the sum of the rate of interest applicable under 

  
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the Revolving Credit Base Rate Option plus an additional 2.0% per annum from the time such Obligation becomes due and payable and until it is paid in full; and 

4.3.3 Acknowledgment. The Borrowers acknowledge that the increase in rates referred to in this Section 4.3
reflects, among other things, the fact that such Loans or other amounts have become a substantially greater risk given their default status and that the Lenders are entitled to additional compensation for such risk; and all such interest shall be
payable by Borrowers upon demand by Administrative Agent. 
 4.4 LIBOR Rate Unascertainable; Illegality; Increased Costs;
Deposits Not Available. 
 4.4.1 Unascertainable. If on any date on which a LIBOR Rate would otherwise
be determined, the Administrative Agent shall have determined that: 
 (i) adequate and reasonable means do not
exist for ascertaining such LIBOR Rate, or 
 (ii) a contingency has occurred which materially and adversely
affects the London interbank eurodollar market relating to the LIBOR Rate, the Administrative Agent shall have the rights specified in Section 4.4.3 [Administrative Agent’s and Lender’s Rights]. 

4.4.2 Illegality; Increased Costs; Deposits Not Available. If at any time any Lender shall have determined that:

 (i) the making, maintenance or funding of any Loan to which a LIBOR Rate Option applies has been made
impracticable or unlawful by compliance by such Lender in good faith with any Law or any interpretation or application thereof by any Official Body or with any request or directive of any such Official Body (whether or not having the force of Law),
or 
 (ii) such LIBOR Rate Option will not adequately and fairly reflect the cost to such Lender of the
establishment or maintenance of any such Loan, or 
 (iii) after making all reasonable efforts, deposits of the
relevant amount in Dollars for the relevant Interest Period for a Loan, or to banks generally, to which a LIBOR Rate Option applies, respectively, are not available to such Lender with respect to such Loan, or to banks generally, in the interbank
eurodollar market, 
 then the Administrative Agent shall have the rights specified in Section 4.4.3 [Administrative Agent’s and
Lender’s Rights]. 
 4.4.3 Administrative Agent’s and Lender’s Rights. In the case of any
event specified in Section 4.4.1 [Unascertainable] above, the Administrative Agent shall promptly so notify the Lenders and the Borrowers thereof, and in the case of an event specified in Section 4.4.2 [Illegality; Increased Costs;
Deposits Not Available] above, such Lender shall promptly so notify the Administrative Agent and endorse a certificate to such notice as to the specific circumstances of such notice, and the Administrative Agent shall promptly send copies of such
notice and certificate to the other Lenders and the Borrowers. Upon such date as shall be 

  
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specified in such notice (which shall not be earlier than the date such notice is given), the obligation of (A) the Lenders, in the case of such notice given by the Administrative Agent, or
(B) such Lender, in the case of such notice given by such Lender, to allow the Borrowers to select, convert to or renew a LIBOR Rate Option shall be suspended until the Administrative Agent shall have later notified the Borrowers, or such
Lender shall have later notified the Administrative Agent, of the Administrative Agent’s or such Lender’s, as the case may be, determination that the circumstances giving rise to such previous determination no longer exist. If at any time
the Administrative Agent makes a determination under Section 4.4.1 [Unascertainable] and the Borrowers have previously notified the Administrative Agent of its selection of, conversion to or renewal of a LIBOR Rate Option and such Interest Rate
Option has not yet gone into effect, such notification shall be deemed to provide for selection of, conversion to or renewal of the Base Rate Option otherwise available with respect to such Loans. If any Lender notifies the Administrative Agent of a
determination under Section 4.4.2 [Illegality; Increased Costs; Deposits Not Available], the Borrowers shall, subject to each Borrower’s indemnification Obligations under Section 5.10 [Indemnity], as to any Loan of the Lender to which
a LIBOR Rate Option applies, on the date specified in such notice either convert such Loan to the Base Rate Option otherwise available with respect to such Loan or prepay such Loan in accordance with Section 5.6 [Voluntary Prepayments]. Absent
due notice from the Borrowers of conversion or prepayment, such Loan shall automatically be converted to the Base Rate Option otherwise available with respect to such Loan upon such specified date. 

4.5 Selection of Interest Rate Options. If the Borrowers fail to select a new Interest Period to apply to any Borrowing Tranche of
Loans under the LIBOR Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrowers shall be deemed to have converted such
Borrowing Tranche to the Revolving Credit Base Rate Option, commencing upon the last day of the existing Interest Period. 
 5.
PAYMENTS 
 5.1 Payments. All payments and prepayments to be made in respect of principal, interest, Commitment
Fees, Letter of Credit Fees, Administrative Agent’s Fee or other fees or amounts due from the Borrowers hereunder shall be payable prior to 11:00 a.m. on the date when due without presentment, demand, protest or notice of any kind, all of which
are hereby expressly waived by the Borrowers, and without set-off, counterclaim or other deduction of any nature, and an action therefor shall immediately accrue. Such payments shall be made to the Administrative Agent at the Principal Office for
the account of PNC with respect to the Swing Loans and for the ratable accounts of the Lenders with respect to the Revolving Credit Loans in U.S. Dollars and in immediately available funds, and the Administrative Agent shall promptly distribute such
amounts to the Lenders in immediately available funds; provided that in the event payments are received by 11:00 a.m. by the Administrative Agent with respect to the Loans and such payments are not distributed to the Lenders on the same day
received by the Administrative Agent, the Administrative Agent shall pay the Lenders the Federal Funds Effective Rate with respect to the amount of such payments for each day held by the Administrative Agent and not distributed to the Lenders. The
Administrative Agent’s and each Lender’s statement of account, ledger or other relevant record shall, in the absence of manifest error, be conclusive as the 

  
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statement of the amount of principal of and interest on the Loans and other amounts owing under this Agreement and shall be deemed an “account stated.” 

5.2 Pro Rata Treatment of Lenders. Each borrowing of Revolving Credit Loans shall be allocated to each Lender according to its
Ratable Share, and each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the Borrowers with respect to principal, interest, Commitment Fees and Letter of Credit Fees (but excluding the
Administrative Agent’s Fee and the Issuing Lender’s fronting fee) shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Section 4.4.3 [Administrative Agent’s and Lender’s
Rights] in the case of an event specified in Section 4.4 [LIBOR Rate Unascertainable; Etc.], 5.6.2 [Replacement of a Lender] or 5.8 [Increased Costs]) be payable ratably among the Lenders entitled to such payment in accordance with the amount
of principal, interest, Commitment Fees and Letter of Credit Fees, as set forth in this Agreement. Notwithstanding any of the foregoing, each borrowing or payment or prepayment by the Borrowers of principal, interest, fees or other amounts from the
Borrowers with respect to Swing Loans shall be made by or to PNC according to Section 2.6.5 [Borrowings to Repay Swing Loans]. 
 5.3 Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff, counterclaim or banker’s lien, by receipt of voluntary payment, by realization upon security, or by
any other non-pro rata source, obtain payment in respect of any principal of or interest on any of its Loans or other obligations hereunder resulting in such Lender’s receiving payment of a proportion of the aggregate amount of its Loans and
accrued interest thereon or other such obligations greater than the pro-rata share of the amount such Lender is entitled thereto, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and
(b) purchase (for cash at face value) participations in the Loans and such other obligations of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders
ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing them, provided that: 

(i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such
participations shall be rescinded and the purchase price restored to the extent of such recovery, together with interest or other amounts, if any, required by Law (including court order) to be paid by the Lender or the holder making such purchase;
and 
 (ii) the provisions of this Section 5.3 shall not be construed to apply to (x) any payment made
by the Loan Parties pursuant to and in accordance with the express terms of the Loan Documents or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or Participation
Advances to any assignee or participant, other than to the Borrowers or any Subsidiary thereof (as to which the provisions of this Section 5.3 shall apply). 
 Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may
exercise against each Loan Party rights of setoff and counterclaim with 

  
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respect to such participation as fully as if such Lender were a direct creditor of each Loan Party in the amount of such participation. 

5.4 Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the Borrowers prior to
the date on which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Lender hereunder that the Borrowers will not make such payment, the Administrative Agent may assume that the Borrowers have made such
payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Lender, as the case may be, the amount due. In such event, if the Borrowers have not in fact made such payment, then each
of the Lenders or the Issuing Lender, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the Issuing Lender, with interest thereon, for each day from and
including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation. 
 5.5 Interest Payment Dates. Interest on Loans to which the Base Rate Option
applies shall be due and payable in arrears on each Payment Date. Interest on Loans to which the LIBOR Rate Option applies shall be due and payable on the last day of each Interest Period for those Loans and, if such Interest Period is longer than
three (3) Months, also on the 90th day of such Interest Period. Interest on mandatory prepayments of principal under Section 5.7 [Mandatory Prepayments] shall be due on the date such mandatory prepayment is due. Interest on the principal
amount of each Loan or other monetary Obligation shall be due and payable on demand after such principal amount or other monetary Obligation becomes due and payable (whether on the stated Expiration Date, upon acceleration or otherwise). 

5.6 Voluntary Prepayments. 
 5.6.1 Right to Prepay. The Borrowers shall have the right at its option from time to time to prepay the Loans in whole or part without premium or penalty (except as provided in Section 5.6.2
[Replacement of a Lender] below, in Section 5.8 [Increased Costs] and Section 5.10 [Indemnity]). Whenever the Borrowers desire to prepay any part of the Loans, it shall provide a prepayment notice to the Administrative Agent by 1:00 p.m.
at least one (1) Business Day prior to the date of prepayment of the Revolving Credit Loans no later than 1:00 p.m. on the date of prepayment of Swing Loans, setting forth the following information: 

(w) the date, which shall be a Business Day, on which the proposed prepayment is to be made; 

(x) a statement indicating the application of the prepayment between the Revolving Credit Loans and Swing Loans;

 (y) a statement indicating the application of the prepayment between Loans to which the Base Rate Option
applies and Loans to which the LIBOR Rate Option applies; and 

  
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 (z) the total principal amount of such prepayment, which shall not be less
than the lesser of (i) the Revolving Facility Usage or (ii) $100,000 for any Swing Loan or $500,000 for any Revolving Credit Loan. 
 All prepayment notices shall be irrevocable. The principal amount of the Loans for which a prepayment notice is given, together with interest on such principal amount shall be due and payable on the date
specified in such prepayment notice as the date on which the proposed prepayment is to be made. Except as provided in Section 4.4.3 [Administrative Agent’s and Lender’s Rights], if the Borrowers prepay a Loan but fails to specify the
applicable Borrowing Tranche which the Borrowers are prepaying, the prepayment shall be applied first to Loans to which the Base Rate Option applies, then to Loans to which the LIBOR Rate Option applies. Any prepayment hereunder shall be subject to
each Borrower’s Obligation to indemnify the Lenders under Section 5.10 [Indemnity]. 
 5.6.2
Replacement of a Lender. In the event any Lender (i) gives notice under Section 4.4 [LIBOR Rate Unascertainable, Etc.], (ii) requests compensation under Section 5.8 [Increased Costs], or requires the Borrowers to pay any
additional amount to any Lender or any Official Body for the account of any Lender pursuant to Section 5.9 [Taxes], (iii) is a Defaulting Lender, (iv) becomes subject to the control of an Official Body (other than normal and customary
supervision), or (v) is a Non-Consenting Lender referred to in Section 11.1 [Modifications, Amendments or Waivers], then in any such event the Borrowers may, at their sole expense, upon notice to such Lender and the Administrative Agent,
require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 11.8 [Successors and Assigns]), all of its interests, rights and obligations under
this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: 

(i) the Borrowers shall have paid to the Administrative Agent the assignment fee specified in Section 11.8
[Successors and Assigns]; 
 (ii) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans and Participation Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 5.10 [Indemnity]) from the assignee
(to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts); 
 (iii) in the case of any such assignment resulting from a claim for compensation under Section 5.8.1 [Increased Costs Generally] or payments required to be made pursuant to Section 5.9 [Taxes],
such assignment will result in a reduction in such compensation or payments thereafter; and 
 (iv) such
assignment does not conflict with applicable Law. 
 A Lender shall not be required to make any such assignment or delegation if, prior thereto,
as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrowers to require such assignment and delegation cease to apply. 

  
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 5.7 Mandatory Prepayments. 

5.7.1 Sale of Assets. Within five (5) Business Days of any sale of (i) Collateral or (ii) other
assets outside the ordinary course of business, the Borrowers shall make a mandatory prepayment of principal on the Loans equal to the after-tax proceeds of such sale (as estimated in good faith by the Borrowers), together with accrued interest on
such principal amount; provided, however, if such sale of assets is permitted pursuant to Section 8.2.7 [Disposition of Assets and Subsidiaries] the Borrowers shall not be required to make any such mandatory prepayment hereunder. 

5.7.2 Borrowing Base Exceeded. Whenever the outstanding principal balance of Revolving Facility Usage exceeds the
Borrowing Base, the Borrowers shall make, within one (1) Business Day after the Borrowers learn of such excess and whether or not the Administrative Agent has given notice to such effect, a mandatory prepayment of principal of Revolving Credit
Loans or cash collateralization of Letter of Credit Obligations equal to the excess of the outstanding Revolving Facility Usage over the Borrowing Base, together with accrued interest on such principal amount. 

5.7.3 Application Among Interest Rate Options. All prepayments required pursuant to this Section 5.7 shall
first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option, then to Loans subject to a LIBOR Rate Option. In accordance with Section 5.10 [Indemnity], each Borrower shall indemnify the
Lenders for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against Loans subject to a LIBOR Rate Option on any day other than the last day of the applicable Interest Period. 

5.8 Increased Costs. 
 5.8.1 Increased Costs Generally. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, 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 reflected in the LIBOR Rate) or the Issuing Lender; 

(ii) subject any Lender or the Issuing Lender to any tax of any kind whatsoever with respect to this Agreement, any Letter
of Credit, any participation in a Letter of Credit or any Loan under the LIBOR Rate Option made by it, or change the basis of taxation of payments to such Lender or the Issuing Lender in respect thereof (except for Indemnified Taxes or Other Taxes
covered by Section 5.9 [Taxes] and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender or the Issuing Lender); or 
 (iii) impose on any Lender, the Issuing Lender or the London interbank market any other condition, cost or expense affecting this Agreement or any Loan under the LIBOR Rate Option made by such Lender or
any Letter of Credit or participation therein; 
 and the result of any of the foregoing shall be to increase the cost to such Lender of making
or maintaining any Loan under the LIBOR Rate Option (or of maintaining its obligation to make 

  
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any such Loan), or to increase the cost to such Lender or the Issuing Lender 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 the Issuing Lender hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or the Issuing Lender,
each Borrower will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Lender, as the case may be, for such additional costs incurred or reduction suffered.

 5.8.2 Capital Requirements. If any Lender or the Issuing Lender determines that any Change in Law
affecting such Lender or the Issuing Lender or any lending office of such Lender or such Lender’s or the Issuing Lender’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return
on such Lender’s or the Issuing Lender’s capital or on the capital of such Lender’s or the Issuing Lender’s holding company, if any, as a consequence of this Agreement, the Commitments 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 the Issuing Lender, to a level below that which such Lender or the Issuing Lender or such Lender’s or the Issuing Lender’s holding company could
have achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Lender’s policies and the policies of such Lender’s or the Issuing Lender’s holding company with respect to capital adequacy), then
from time to time the Borrowers will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Lender or such Lender’s or the Issuing Lender’s holding
company for any such reduction suffered. 
 5.8.3 Certificates for Reimbursement; Repayment of Outstanding
Loans; Borrowing of New Loans. A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in Sections
5.8.1 [Increased Costs Generally] or 5.8.2 [Capital Requirements] and delivered to the Borrowers shall be conclusive absent manifest error. The Borrowers shall pay such Lender or the Issuing Lender, as the case may be, the amount shown as due on any
such certificate within ten (10) days after receipt thereof. 
 5.8.4 Delay in Requests. Failure or
delay on the part of any Lender or the Issuing Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or the Issuing Lender’s right to demand such compensation, provided that the
Borrowers shall not be required to compensate a Lender or the Issuing Lender pursuant to this Section for any increased costs incurred or reductions suffered more than nine months prior to the date that such Lender or the Issuing Lender, as the case
may be, notifies the Borrowers of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or the Issuing Lender’s intention to claim compensation therefor (except that, if the Change in Law giving rise to
such increased costs or reductions is retroactive, then the six (6) month period referred to above shall be extended to include the period of retroactive effect thereof). 
 5.9 Taxes. 
 5.9.1 Payments Free of Taxes. Any and
all payments by or on account of any obligation of each Borrower hereunder or under any other Loan Document shall be made free 

  
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and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes; provided that if the Borrowers shall be required by applicable Law to deduct any Indemnified
Taxes (including any Other Taxes) from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the
Administrative Agent, Lender or Issuing Lender, as the case may be, receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrowers shall make such deductions and (iii) the Borrowers shall
timely pay the full amount deducted to the relevant Official Body in accordance with applicable Law. 
 5.9.2
Payment of Other Taxes by the Borrowers. Without limiting the provisions of Section 5.9.1 [Payments Free of Taxes] above, the Borrowers shall timely pay any Other Taxes to the relevant Official Body in accordance with applicable Law.

 5.9.3 Indemnification by the Borrowers. Each Borrower shall indemnify the Administrative Agent, each
Lender and the Issuing Lender, within ten (10) days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under
this Section) paid by the Administrative Agent, such Lender or the Issuing Lender, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other
Taxes were correctly or legally imposed or asserted by the relevant Official Body. A certificate as to the amount of such payment or liability delivered to the Borrowers by a Lender or the Issuing Lender (with a copy to the Administrative Agent), or
by the Administrative Agent on its own behalf or on behalf of a Lender or the Issuing Lender, shall be conclusive absent manifest error. 
 5.9.4 Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrowers to an Official Body, the Borrowers shall deliver to the Administrative
Agent the original or a certified copy of a receipt issued by such Official Body evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

5.9.5 Status of Lenders. Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax
under the Law of the jurisdiction in which any Borrower is resident for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments hereunder or under any other Loan Document shall deliver to the Borrowers (with a
copy to the Administrative Agent), at the time or times prescribed by applicable Law or reasonably requested by the Borrowers or the Administrative Agent, such properly completed and executed documentation prescribed by applicable Law as will permit
such payments to be made without withholding or at a reduced rate of withholding. Notwithstanding the submission of such documentation claiming a reduced rate of or exemption from U.S. withholding tax, the Administrative Agent shall be entitled to
withhold United States federal income taxes at the full 30% withholding rate if in its reasonable judgment it is required to do so under the due diligence requirements imposed upon a withholding agent under § 1.1441-7(b) of the United States
Income Tax Regulations. Further, the Administrative Agent is indemnified under § 1.1461-1(e) of the United States Income Tax Regulations against any claims and demands of any Lender or assignee or participant of a Lender for the amount of any
tax it deducts and withholds in 

  
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accordance with regulations under § 1441 of the Internal Revenue Code. In addition, any Lender, if requested by the Borrowers or the Administrative Agent, shall deliver such other
documentation prescribed by applicable Law or reasonably requested by the Borrowers or the Administrative Agent as will enable the Borrowers or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or
information reporting requirements. 
 Without limiting the generality of the foregoing, in the event that any
Borrower is resident for tax purposes in the United States of America, any Foreign Lender shall deliver to the Borrowers and the Administrative 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 under this Agreement (and from time to time thereafter upon the request of the Borrowers or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is
applicable: 
 (i) two (2) duly completed valid originals of IRS Form W-8BEN claiming eligibility for
benefits of an income tax treaty to which the United States of America is a party, 
 (ii) two (2) duly
completed valid originals of IRS Form W-8ECI, 
 (iii) in the case of a Foreign Lender claiming the benefits of
the exemption for portfolio interest under section 881(c) of the Code, (x) a certificate to the effect that such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10
percent shareholder” of the Borrowers within the meaning of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) two duly completed valid originals
of IRS Form W-8BEN, 
 (iv) any other form prescribed by applicable Law as a basis for claiming exemption from or
a reduction in United States Federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable Law to permit the Borrowers to determine the withholding or deduction required to be made, or

 (v) To the extent that any Lender is not a Foreign Lender, such Lender shall submit to the Administrative
Agent two (2) originals of an IRS Form W-9 or any other form prescribed by applicable Law demonstrating that such Lender is not a Foreign Lender. 
 5.10 Indemnity. In addition to the compensation or payments required by Section 5.8 [Increased Costs]or Section 5.9 [Taxes], each Borrower shall indemnify each Lender against all
liabilities, losses or expenses (including loss of anticipated profits, any foreign exchange losses and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan, from fees payable to terminate
the deposits from which such funds were obtained or from the performance of any foreign exchange contract) which such Lender sustains or incurs as a consequence of any: 

(i) payment, prepayment, conversion or renewal of any Loan to which a LIBOR Rate Option applies on a day other than the
last day of the corresponding Interest Period (whether or not such payment or prepayment is mandatory, voluntary or automatic and whether or not such payment or prepayment is then due), 

  
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 (ii) attempt by any Borrower to revoke (expressly, by later inconsistent
notices or otherwise) in whole or part any Loan Requests under Section 2.5 [Revolving Credit Loan Requests; Swing Loan Requests] or Section 4.2 [Interest Periods] or notice relating to prepayments under Section 5.6 [Voluntary
Prepayments], or 
 (iii) default by any Borrower in the performance or observance of any covenant or condition
contained in this Agreement or any other Loan Document, including any failure of any Borrower to pay when due (by acceleration or otherwise) any principal, interest, Commitment Fee or any other amount due hereunder. 

If any Lender sustains or incurs any such loss or expense, it shall from time to time notify the Borrowers of the amount
determined in good faith by such Lender (which determination may include such assumptions, allocations of costs and expenses and averaging or attribution methods as such Lender shall deem reasonable) to be necessary to indemnify such Lender for such
loss or expense. Such notice shall set forth in reasonable detail the basis for such determination. Such amount shall be due and payable by each Borrower to such Lender ten (10) Business Days after such notice is given. 

5.11 Settlement Date Procedures. In order to minimize the transfer of funds between the Lenders and the Administrative Agent, the
Borrowers may borrow, repay and reborrow Swing Loans and PNC may make Swing Loans as provided in Section 2.1.2 [Swing Loan Commitments] hereof during the period between Settlement Dates. The Administrative Agent shall notify each Lender of its
Ratable Share of the total of the Revolving Credit Loans and the Swing Loans (each a “Required Share”). On such Settlement Date, each Lender shall pay to the Administrative Agent the amount equal to the difference between its
Required Share and its Revolving Credit Loans, and the Administrative Agent shall pay to each Lender its Ratable Share of all payments made by the Borrowers to the Administrative Agent with respect to the Revolving Credit Loans. The Administrative
Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans and on [Mandatory Prepayment Dates] and may at its option effect settlement on any other Business Day. These
settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.11 shall relieve the Lenders of their obligations to fund Revolving Credit Loans on dates other than a Settlement
Date pursuant to Section 2.1.2 [Swing Loan Commitment]. The Administrative Agent may at any time at its option for any reason whatsoever require each Lender to pay immediately to the Administrative Agent such Lender’s Ratable Share of the
outstanding Revolving Credit Loans and each Lender may at any time require the Administrative Agent to pay immediately to such Lender its Ratable Share of all payments made by the Borrowers to the Administrative Agent with respect to the Revolving
Credit Loans. 
 5.12 Deposit into Lockbox. Each Borrower shall require Account Debtors whose Accounts represent at least
fifty percent (50%) of all Accounts of all Loan Parties to make all payments due from them to such Loan Parties directly to deposit accounts which are subject to a Deposit Account Control Agreement (or to Lockboxes from which funds are
deposited into deposit accounts which are subject to a Deposit Account Control Agreement). 

  
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 5.13 Receipt and Application of Payment; Cash Collateral Account; Collections;
Administrative Agent’s Right to Notify Account Debtors. The Provisions of this Section 5.13 shall apply immediately and only upon the occurrence of a Cash Dominion Triggering Event. Until the occurrence of a Cash Dominion Triggering
Event, the Administrative Agent shall not send notices to the depositaries under the Deposit Account Control Agreements directing payments be made by the depositaries to the Cash Collateral Account. 

5.13.1 Receipt and Application of Payment. Upon the occurrence of a Cash Dominion Triggering Event and continuing
until no Cash Dominion Triggering Event or Event of Default exists for fifteen (15) consecutive Business Days (i) all cash, checks or other items of payment received in the depository account subject to the PNC Deposit Account Control
Agreement shall be deposited into the Cash Collateral Account, (ii) the Administrative Agent shall send notice of exclusive control to JPMorgan or any other depository bank instructing such depository bank to deposit via wire transfer all cash,
checks or other items of payment received in the depository account subject to the JPMorgan Deposit Account Control Agreement or such other Deposit Account Control Agreement, as applicable, into the Cash Collateral Account, and (iii) the
Borrowers shall deposit into the Cash Collateral Account within one (1) Business Day of Borrowers’ receipt thereof all cash, checks or other items of payment received from those Account Debtors not currently making payment into a deposit
account subject to a Deposit Account Control Agreement or, promptly upon request of the Administrative Agent, shall cause such Account Debtors to deposit such cash, checks or other items of payment directly into one of the Deposit Account Control
Agreements. In the event a Borrower (or any of its Affiliates, shareholders, directors, officers, employees, agents or those persons acting for or in concert with a Borrower) shall receive any cash, checks, notes, drafts or other similar items of
payment relating to or constituting the Collateral (or proceeds thereof), no later than the first Business Day following receipt thereof, such Borrower shall 
 (i) deposit or cause the same to be deposited, in kind, in the Cash Collateral Account established by such Borrower with the Administrative Agent or such other depository as may be designated in writing
by the Administrative Agent (the “Depository”), from which account the Administrative Agent alone shall have the power of withdrawal, and with respect to which the Depository shall waive any rights of set off, and 

(ii) forward to the Administrative Agent, on a daily basis, a collection report in form and substance satisfactory to the
Administrative Agent and, at the Administrative Agent’s request, copies of all such items and deposit slips related thereto. 
 5.13.2 Cash Collateral Account. 
 The Administrative Agent
alone shall have the sole power of withdrawal from the Cash Collateral Account, and at each such time, all cash, notes, checks, drafts or similar items of payment by or for the account of a Borrower shall be the sole and exclusive property of the
Lenders immediately upon the earlier of the receipt of such items by the Administrative Agent or the Depository or the receipt of such items by such Borrower; provided, however, that for the purpose of computing interest hereunder such items shall
be deemed to have been collected and shall be applied by the Administrative Agent on account of the Revolving Credit Loans outstanding to such Borrower one (1) Business Day after receipt by

  
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the Administrative Agent (subject to correction for any items subsequently dishonored for any reason whatsoever). Notwithstanding anything to the contrary herein, during each period when this
Section 5.13.2 is applicable, all such items of payment shall, solely for purposes of determining the occurrence of such Event of Default, be deemed received upon actual receipt by the Administrative Agent, unless the same are subsequently
dishonored for any reason whatsoever, and all funds in the Cash Collateral Account, including all payments made by or on behalf of and all credits due a Borrower, may be applied and reapplied in whole or in part to any of the Revolving Credit Loans
to the extent and in the manner the Administrative Agent deems advisable. 
 5.13.3 Collections;
Administrative Agent’s Right to Notify Account Debtors. 
 The Administrative Agent may notify any or
all Account Debtors that the Accounts have been assigned to the Lenders and that the Lenders have a security interest therein, and to direct such Account Debtors to make all payments due from them to each Borrower upon the Accounts directly to the
Administrative Agent to the Lockboxes or to any other lockbox designated by the Administrative Agent. The Administrative Agent shall promptly furnish the Borrowers with a copy of any such notice sent. Any such notice, in the Administrative
Agent’s sole discretion, may be sent on the Borrowers’ stationery, in which event the appropriate Borrower shall co-sign such notice with the Administrative Agent. To the extent that any Law or custom or any contract or agreement with any
Account Debtor requires notice to or the approval of the Account Debtor in order to perfect such assignment of a security interest in Accounts, each Borrower agrees to give such notice or obtain such approval. 

6. REPRESENTATIONS AND WARRANTIES 
 6.1 Representations and Warranties. The Loan Parties, jointly and severally, represent and warrant to the Administrative Agent and each of the Lenders as follows: 

6.1.1 Organization and Qualification; Power and Authority; Compliance With Laws; Title to Properties; Event of Default;
No Material Adverse Change. Each Loan Party and each Subsidiary of each Loan Party (i) is a corporation, partnership or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of
organization, (ii) has the lawful power to own or lease its properties and to engage in the business it presently conducts or proposes to conduct, (iii) is duly licensed or qualified and in good standing in each jurisdiction listed on
Schedule 6.1.1 and in all other jurisdictions where the property owned or leased by it or the nature of the business transacted by it or both makes such licensing or qualification necessary, except where failure to be so licensed or qualified
could not reasonably be expected to have a material adverse effect on any Loan Party, Subsidiary of any Loan Party, or their respective business operations, (iv) has full power to enter into, execute, deliver and carry out this Agreement and
the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all
necessary proceedings on its part, (v) is in compliance in all material respects with all applicable Laws (other than Environmental Laws which are specifically addressed in Section 6.1.14 [Environmental Matters]) in all jurisdictions in
which any Loan Party or Subsidiary of any Loan Party is presently or will be doing business except where the failure to do 

  
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so would not constitute a Material Adverse Change, and (vi) has good and marketable title to or valid leasehold interest in all properties, assets and other rights which it purports to own
or lease or which are reflected as owned or leased on its books and records, free and clear of all Liens and encumbrances except Permitted Liens. No Event of Default or Potential Default exists or is continuing. Since August 31, 2010, no
Material Adverse Change has occurred. 
 6.1.2 Subsidiaries and Owners; Investment Companies. Schedule
6.1.2 states (i) the name of each of the Borrowers’ Subsidiaries, its jurisdiction of organization and the amount, percentage and type of equity interests in such Subsidiary (the “Subsidiary Equity Interests”),
(ii) the name of each holder of an equity interest in the Borrowers, the amount, percentage and type of such equity interest (the “Borrower Equity Interests”), and (iii) any options, warrants or other rights outstanding to
purchase any such equity interests referred to in clause (i) or (iii) (collectively the “Equity Interests”). The Borrowers and each Subsidiary of the Borrowers have good and marketable title to all of the Subsidiary Equity
Interests it purports to own, free and clear in each case of any Lien (other than Permitted Liens) and all such Subsidiary Equity Interests have been validly issued, fully paid and nonassessable. None of the Loan Parties or Subsidiaries of any Loan
Party is an “investment company” registered or required to be registered under the Investment Company Act of 1940 or under the “control” of an “investment company” as such terms are defined in the Investment Company Act
of 1940 and shall not become such an “investment company” or under such “control.” 
 6.1.3
Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by each Loan Party, and (ii) constitutes, or will constitute, legal, valid and binding obligations
of each Loan Party which is or will be a party thereto, enforceable against such Loan Party in accordance with its terms. 
 6.1.4 No Conflict; Material Agreements; Consents. Neither the execution and delivery of this Agreement or the other Loan Documents by any Loan Party nor the consummation of the transactions herein
or therein contemplated or compliance with the terms and provisions hereof or thereof by any of them will conflict with, constitute a default under or result in any breach of (i) the terms and conditions of the certificate of incorporation,
bylaws, certificate of limited partnership, partnership agreement, certificate of formation, limited liability company agreement or other organizational documents of any Loan Party or (ii) any Law or any material agreement or instrument or
order, writ, judgment, injunction or decree to which any Loan Party or any of its Subsidiaries is a party or by which it or any of its Subsidiaries is bound or to which it is subject, or result in the creation or enforcement of any Lien, charge or
encumbrance whatsoever upon any property (now or hereafter acquired) of any Loan Party or any of its Subsidiaries (other than Liens granted under the Loan Documents). There is no default under such material agreement (referred to above) and none of
the Loan Parties or their Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which could result in a Material Adverse Change. No consent, approval, exemption,
order or authorization of, or a registration or filing with, any Official Body or any other Person is required by any Law or any agreement in connection with the execution, delivery and carrying out of this Agreement and the other Loan Documents.

  
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 6.1.5 Litigation. There are no actions, suits, proceedings or
investigations pending or, to the knowledge of any Loan Party, threatened against such Loan Party or any Subsidiary of such Loan Party at law or in equity before any Official Body which individually or in the aggregate may result in any Material
Adverse Change. None of the Loan Parties or any Subsidiaries of any Loan Party is in violation of any order, writ, injunction or any decree of any Official Body which may result in any Material Adverse Change. 

6.1.6 Financial Statements. 

(i) Historical Statements. The Borrowers have delivered to the Administrative Agent copies of its audited
consolidated year-end financial statements for and as of the end of the five fiscal years ended August 31, 2010. In addition, the Borrowers have delivered to the Administrative Agent copies of its unaudited consolidated interim financial
statements for the fiscal year to date and as of the end of the fiscal quarter ended February 28, 2011 (all such annual and interim statements being collectively referred to as the “Statements”). The Statements were compiled
from the books and records maintained by the Borrowers’ management, are correct and complete in all material respects and fairly represent the consolidated financial condition of the Borrowers and their Subsidiaries as of the respective dates
thereof and the results of operations for the fiscal periods then ended and have been prepared in accordance with GAAP consistently applied, subject (in the case of the interim statements) to normal year-end audit adjustments. 

(ii) Financial Projections. Each Borrower has delivered to the Administrative Agent financial projections
(including any adjustments to historical operating results, and a pro-forma closing balance sheet, statements of operations and cash flows and including assumptions used in preparing such projections) of such Borrower and its Subsidiaries for a five
year period following the Closing Date (and on a monthly basis during the first twelve months) derived from various assumptions of such Borrower’s management (the “Financial Projections”). The Financial Projections represent
what management of the Borrowers believes to be a reasonable range of possible results in light of the history of the business, present and foreseeable conditions and the intentions of such Borrower’s management. The Financial Projections
accurately reflect the liabilities of such Borrower and its Subsidiaries upon consummation of the transactions contemplated hereby as of the Closing Date. 
 (iii) Accuracy of Financial Statements. Neither the Borrowers nor any Subsidiary of the Borrowers have any material liabilities, contingent or otherwise, or forward or long-term commitments that
are not disclosed in the Statements or in the notes thereto, and except as disclosed therein there are no unrealized or anticipated losses from any commitments of the Borrowers or any Subsidiary of the Borrowers which may cause a Material Adverse
Change. Since August 31, 2010, no Material Adverse Change has occurred. 
 6.1.7 Margin Stock. None
of the Loan Parties or any Subsidiaries of any Loan Party engages or intends to engage principally, or as one of its important activities, in the business of extending credit for the purpose, immediately, incidentally or ultimately, of purchasing or
carrying margin stock (within the meaning of Regulation U, T or X as promulgated by the Board of Governors of the Federal Reserve System). No part of the proceeds 

  
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of any Loan has been or will be used, immediately, incidentally or ultimately, to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any
margin stock or which is inconsistent with the provisions of the regulations of the Board of Governors of the Federal Reserve System. None of the Loan Parties or any Subsidiary of any Loan Party holds or intends to hold margin stock in such amounts
that more than 25% of the reasonable value of the assets of any Loan Party or Subsidiary of any Loan Party are or will be represented by margin stock. 
 6.1.8 Full Disclosure. Neither this Agreement nor any other Loan Document, nor any certificate, statement, agreement or other documents furnished to the Administrative Agent or any Lender in
connection herewith or therewith, contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements contained herein and therein, in light of the circumstances under which they were made,
not misleading. There is no fact known to any Loan Party which materially adversely affects the business, property, assets, financial condition, results of operations or prospects of any Loan Party or Subsidiary of any Loan Party which has not been
set forth in this Agreement or in the certificates, statements, agreements or other documents furnished in writing to the Administrative Agent and the Lenders prior to or at the date hereof in connection with the transactions contemplated hereby.

 6.1.9 Taxes. All federal, state, local and other tax returns required to have been filed with respect
to each Loan Party and each Subsidiary of each Loan Party have been filed, and payment or adequate provision has been made for the payment of all taxes, fees, assessments and other governmental charges which have or may become due pursuant to said
returns or to assessments received, except to the extent that such taxes, fees, assessments and other charges are being contested in good faith by appropriate proceedings diligently conducted and for which such reserves or other appropriate
provisions, if any, as shall be required by GAAP shall have been made. 
 6.1.10 Patents, Trademarks,
Copyrights, Licenses, Etc. Each Loan Party and each Subsidiary of each Loan Party owns or possesses all the material patents, trademarks, service marks, trade names, copyrights, licenses, registrations, franchises, permits and rights necessary
to own and operate its properties and to carry on its business as presently conducted and planned to be conducted by such Loan Party or Subsidiary, without known possible, alleged or actual conflict with the rights of others. 

6.1.11 Liens in the Collateral. The Liens in the Collateral granted to the Administrative Agent for the benefit of
the Lenders pursuant to the Security Agreement constitute and will continue to constitute Prior Security Interests. All filing fees and other expenses in connection with the perfection of such Liens have been or will be paid by the Borrowers.

 6.1.12 Insurance. The properties of each Loan Party and each of its Subsidiaries are insured pursuant
to policies and other bonds which are valid and in full force and effect and which provide adequate coverage from reputable and financially sound insurers in amounts sufficient to insure the assets and risks of each such Loan Party and Subsidiary in
accordance with prudent business practice in the industry of such Loan Parties and Subsidiaries. 

  
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 6.1.13 ERISA Compliance. (i) Except as disclosed on Schedule
6.1.13; provided that such matters so disclosed could not in the aggregate result in a Material Adverse Change, each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other federal or
state Laws. Each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS or an application for such a letter is currently being processed by the IRS with respect thereto and,
to the best knowledge of Borrowers, nothing has occurred which would prevent, or cause the loss of, such qualification. Each Borrower and each ERISA Affiliate have made all required contributions to each Plan subject to Section 412 of the Code,
and no application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan. 

(ii) No ERISA Event has occurred or is reasonably expected to occur; (a) except as disclosed on Schedule
6.1.13; provided that such matters so disclosed could not in the aggregate result in a Material Adverse Change, no Pension Plan has any unfunded pension liability (i.e. excess of benefit liabilities over the current value of that Pension
Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan for the applicable plan year); (b) neither Borrowers nor 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); (c) neither Borrowers nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability
(and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (d) neither Borrowers nor any
ERISA Affiliate has engaged in a transaction that could be subject to Sections 4069 or 4212(c) of ERISA. 

6.1.14 Environmental Matters. 

(i) None of the Loan Parties or any Subsidiaries of any Loan Party has received any Environmental Complaint from any
Official Body or private Person alleging that such Loan Party or Subsidiary or any prior or subsequent owner of any of the Property is a potentially responsible party under the Comprehensive Environmental Response, Cleanup and Liability Act, 42
U.S.C. § 9601, et seq., which individually or in the aggregate are not reasonably likely to result in a Material Adverse Change and none of the Loan Parties has any reason to believe that such an Environmental Complaint might
be received. There are no pending or, to any Loan Party’s actual knowledge, threatened Environmental Complaints relating to any Loan Party or Subsidiary of any Loan Party or, to any Loan Party’s actual knowledge, any prior or subsequent
owner of any of the Property pertaining to, or arising out of, any Environmental Conditions which, if adversely determined, are individually or in the aggregate reasonably likely to result in a Material Adverse Change. 

(ii) Except for conditions, violations or failures which individually or in the aggregate are not reasonably likely to
result in a Material Adverse Change, (x) there are no (1) circumstances at, on or under any of the Property that constitute a breach of or noncompliance with any of the Environmental Laws, and (2) present Environmental Conditions
which individually or in the aggregate are reasonably likely to result in a Material Adverse Change nor to any Loan Party’s actual knowledge, past Environmental Conditions at, on or under any

  
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of the Property or, to any Loan Party’s actual knowledge, at, on or under adjacent property, which resulted from any Loan Party’s ownership or operations, and (y) nothing has come
to the attention of any Loan Party to indicate that there are any past or present Environmental Conditions, at, on, or under adjacent property which resulted from the actions of other persons, in each case (of (x) or (y) above), that
prevent compliance with the Environmental Laws at any of the Property. 
 (iii) Neither any of the Property nor
any structures, improvements, equipment, fixtures, activities or facilities thereon or thereunder contain or use Regulated Substances except in compliance with Environmental Laws. There are no processes, facilities, operations, equipment or other
activities at, on or under any of the Property, or, to any Loan Party’s knowledge, at, on or under adjacent property, that currently result in the release or threatened release of Regulated Substances onto any of the Property, except to the
extent that such releases or threatened releases are not a breach of or otherwise not a violation of the Environmental Laws, or are not likely to result in a Material Adverse Change. 

(iv) There are no aboveground storage tanks, underground storage tanks or underground piping associated with such tanks,
used for the management of Regulated Substances at, on or under any of the Property, which individually or in the aggregate are not reasonably likely to result in a Material Adverse Change that (a) do not have, to the extent required by
Environmental Laws, a full operational secondary containment system in place, and (b) are not otherwise in compliance with all applicable Environmental Laws. There are no abandoned underground storage tanks or underground piping associated with
such tanks, previously used for the management of Regulated Substances by any Loan Party or any Subsidiaries of any Loan Party, that individually or in the aggregate are reasonably likely to result in a Material Adverse Change or to the best of any
Loan Party’s knowledge, any such tanks or piping which had been used by any prior owner or operator of the Property at, on or under any of the Property that have not either been closed in place in accordance with Environmental Laws or removed
in compliance with all applicable Environmental Laws, and to the best of each Loan Party’s knowledge no contamination associated with the use of such tanks exists on any of the Property that is not in compliance with Environmental Laws.

 (v) Each Loan Party and to the best of any Loan Party’s knowledge, each Subsidiary of any Loan Party has
all material permits, licenses, authorizations, plans and approvals necessary under the Environmental Laws for the conduct of the business of such Loan Party or Subsidiary as presently conducted. Each Loan Party and to the best of each Loan
Party’s knowledge each Subsidiary of any Loan Party has submitted all material notices, reports and other filings required by the Environmental Laws to be submitted to an Official Body which pertain to past and current operations on any of the
Property. 
 (vi) Except for violations which individually or in the aggregate are not reasonably likely to
result in a Material Adverse Change, all past and present on-site generation, storage, processing, treatment, recycling, reclamation, disposal or other use or management of Regulated Substances at, on, or under any of the Property and all off-site
transportation, storage, processing, treatment, recycling, reclamation, disposal or other use or management of Regulated Substances by any Loan Party or to the best of each Loan Party’s knowledge by any other person have been done in accordance
with the Environmental Laws. 

  
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 6.1.15 Solvency. Before and after giving effect to the initial Loans
hereunder, each of the Loan Parties is Solvent. 
 6.1.16 Employment Matters. Each of the Loan Parties is
in compliance with the all employment agreements, employment contracts, collective bargaining agreements and other agreements among any Loan Party and its employees (collectively, “Labor Contracts”) and all applicable federal, state
and local labor and employment Laws including those related to equal employment opportunity and affirmative action, labor relations, minimum wage, overtime, child labor, medical insurance continuation, worker adjustment and relocation notices,
immigration controls and worker and unemployment compensation, where the failure to comply would constitute a Material Adverse Change. There are no outstanding grievances, arbitration awards or appeals therefrom arising out of any Labor Contracts or
current or threatened strikes, picketing, handbilling or other work stoppages or slowdowns at facilities of any of the Loan Parties which in any case would constitute a Material Adverse Change. 

6.1.17 Senior Debt Status. The Obligations of each Loan Party under this Agreement, the Notes, the Security
Agreement, the Guaranty Agreement and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of such Loan Party. There is no Lien upon or
with respect to any of the properties or income of any Loan Party or Subsidiary of any Loan Party which secures Indebtedness or other obligations of any Person except for Permitted Liens. 

6.2 Updates to Schedules. Should any of the information or disclosures provided on any of the Schedules attached hereto become
outdated or incorrect in any material respect, the Borrowers shall promptly provide the Administrative Agent in writing with such revisions or updates to such Schedule as may be necessary or appropriate to update or correct same. No Schedule shall
be deemed to have been amended, modified or superseded by any such correction or update, nor shall any breach of warranty or representation resulting from the inaccuracy or incompleteness of any such Schedule be deemed to have been cured thereby,
unless and until the Required Lenders, in their sole and absolute discretion, shall have accepted in writing such revisions or updates to such Schedule; provided however, that the Borrowers may update Schedules 6.1.1 and 6.1.2 without any Lender
approval in connection with any transaction permitted under Sections 8.2.6 [Liquidations, Mergers, Consolidations, Acquisitions], 8.2.7 [Dispositions of Assets or Subsidiaries] and 8.2.9 [Subsidiaries, Partnerships and Joint Ventures]. 

7. CONDITIONS OF LENDING AND ISSUANCE OF LETTERS OF CREDIT 

The obligation of each Lender to make Loans and of the Issuing Lender to issue Letters of Credit hereunder is subject to the performance
by each of the Loan Parties of its Obligations to be performed hereunder at or prior to the making of any such Loans or issuance of such Letters of Credit and to the satisfaction of the following further conditions: 

7.1 First Loans and Letters of Credit. 
 7.1.1 Deliveries. On the Closing Date, the Administrative Agent shall have received each of the following in form and substance satisfactory to the Administrative Agent: 

  
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 (i) A certificate of each of the Loan Parties signed by an Authorized
Officer, dated the Closing Date stating that (w) all representations and warranties of the Loan Parties set forth in this Agreement are true and correct in all material respects, (x) the Loan Parties are in compliance with each of the
covenants and conditions hereunder, (y) no Event of Default or Potential Default exists, and (z) no Material Adverse Change has occurred since the date of the last audited financial statements of the Borrowers delivered to the
Administrative Agent; 
 (ii) A certificate dated the Closing Date and signed by the Secretary or an Assistant
Secretary of each of the Loan Parties, certifying as appropriate as to: (a) all action taken by each Loan Party in connection with this Agreement and the other Loan Documents; (b) the names of the Authorized Officers authorized to sign the
Loan Documents and their true signatures; and (c) copies of its organizational documents as in effect on the Closing Date certified by the appropriate state official where such documents are filed in a state office together with certificates
from the appropriate state officials as to the continued existence and good standing of each Loan Party in each state where organized or qualified to do business; 

(iii) This Agreement and each of the other Loan Documents signed by an Authorized Officer and all appropriate financing
statements; 
 (iv) A written opinion of counsel for the Loan Parties, dated the Closing Date and as to the
matters set forth in Schedule 7.1.1; 
 (v) Evidence that adequate insurance required to be maintained
under this Agreement is in full force and effect, with additional insured and lender loss payable special endorsements attached thereto in form and substance satisfactory to the Administrative Agent and its counsel naming the Administrative Agent as
additional insured and lender loss payee; 
 (vi) A duly completed Borrowing Base Certificate prepared as of the
Closing Date in substantially the form of Exhibit 8.3.4, showing total undrawn Revolving Credit availability, after giving effect to the Loans and Letters of Credit to be made on the Closing Date (including any Existing Letters of Credit then
outstanding), the subtraction of any trade payables over thirty (30) days past due not otherwise on formal extended terms, consummation of the transactions contemplated hereby and other availability reserves, of at least $50,000,000;

 (vii) All material consents required to effectuate the transactions contemplated hereby; 

(viii) A Lien search in acceptable scope and with acceptable results; 

(ix) An executed landlord’s waiver or other lien waiver agreement from the lessor, warehouse operator or other
applicable Person for each leased Collateral location as required under the Security Agreement; 
 (x) Acceptable
Financial Projections; 
 (xi) An environmental questionnaire; 

  
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 (xii) Review of all significant contracts (including Labor Contracts), the
terms, conditions and documentation of other Indebtedness of the Loan Parties, transactions with affiliates and the relationship of the Loan Parties with their subsidiaries, litigation, Evidence that Loan Parties are materially in compliance with
all pertinent federal, state and local Laws including Environmental Laws, occupational safety and ERISA; and 

(xiii) Such other documents in connection with such transactions as the Administrative Agent or said counsel may
reasonably request. 
 7.1.2 Payment of Fees. The Borrowers shall have paid all fees payable on or before
the Closing Date as required by this Agreement, the Administrative Agent’s Letter or any other Loan Document. 
 7.2
Each Loan or Letter of Credit. At the time of making any Loans or issuing, extending or increasing any Letters of Credit and after giving effect to the proposed extensions of credit: (i) the representations, warranties of the Loan
Parties shall then be true and correct, (ii) no Event of Default or Potential Default shall have occurred and be continuing, (iii) the making of the Loans or issuance, extension or increase of such Letter of Credit shall not contravene any
Law applicable to any Loan Party or Subsidiary of any Loan Party or any of the Lenders, and (iv) the Borrowers shall have delivered to the Administrative Agent a duly executed and completed Loan Request or to the Issuing Lender an application
for a Letter of Credit, as the case may be. 
 8. COVENANTS 

The Loan Parties, jointly and severally, covenant and agree that until Payment In Full, the Loan Parties shall comply at all times with
the following covenants: 
 8.1 Affirmative Covenants. 

8.1.1 Preservation of Existence, Etc. Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain
its legal existence as a corporation, limited partnership or limited liability company and its license or qualification and good standing in each jurisdiction in which its ownership or lease of property or the nature of its business makes such
license or qualification necessary, except as otherwise expressly permitted in Section 8.2.6 [Liquidations, Mergers, Etc.], except that the Borrowers may cause a Subsidiary to dissolve (each a “Permitted Voluntary Dissolution”)
and go out of existence if the Subsidiary does not have any material assets and does not conduct any business and the Loan Parties otherwise comply with the covenants herein with respect to such Subsidiary. 

8.1.2 Payment of Liabilities, Including Taxes, Etc. Each Loan Party shall, and shall cause each of its Subsidiaries
to, duly pay and discharge all liabilities to which it is subject or which are asserted against it, promptly as and when the same shall become due and payable, or, in the case of trade payables, within 60 days thereafter, including all taxes,
assessments and governmental charges upon it or any of its properties, assets, income or profits, prior to the date on which penalties attach thereto, except to the extent that such liabilities, including taxes, assessments or charges, are being
contested in good faith and by appropriate and lawful proceedings diligently conducted and for which such reserve or other appropriate provisions, if 

  
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any, as shall be required by GAAP shall have been made, but only to the extent that failure to discharge any such liabilities would not result in any additional liability which would adversely
affect to a material extent the financial condition of any Loan Party or Subsidiary of any Loan Party or which would affect the Collateral, provided that the Loan Parties and their Subsidiaries will pay all such liabilities forthwith upon the
commencement of proceedings to foreclose any Lien which may have attached as security therefor, unless the applicable Loan Parties are prohibited by Law for making such payment, in which case such Loan Party shall immediately notify the
Administrative Agent thereof and make such payment as soon as it is permitted to do so. 
 8.1.3 Maintenance
of Insurance. Each Loan Party shall, and shall cause each of its Subsidiaries to, insure its properties and assets against loss or damage by fire and such other insurable hazards as such assets are commonly insured (including fire, extended
coverage, property damage, workers’ compensation, public liability and business interruption insurance) and against other risks (including errors and omissions) in such amounts as similar properties and assets are insured by prudent companies
in similar circumstances carrying on similar businesses, and with reputable and financially sound insurers, including self-insurance to the extent customary, all as reasonably determined by the Administrative Agent. The Loan Parties shall comply
with the covenants and provide the endorsement set forth on Schedule 8.1.3 relating to property and related insurance policies covering the Collateral. 
 8.1.4 Maintenance of Properties and Leases. Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain in good repair, working order and condition (ordinary wear and tear
excepted) in accordance with the general practice of other businesses of similar character and size, all of those properties useful or necessary to its business, and from time to time, such Loan Party will make or cause to be made all appropriate
repairs, renewals or replacements thereof if the failure to do so would constitute a Material Adverse Change. 

8.1.5 Visitation Rights. Each Loan Party shall, and shall cause each of its Subsidiaries to, permit any of the
officers or authorized employees or representatives of the Administrative Agent or any of the Lenders to visit and inspect any of its properties and to examine and make excerpts from its books and records and discuss its business affairs, finances
and accounts with its officers, all in such detail and at such times and as often as any of the Lenders may reasonably request, provided that each Lender shall provide the Borrowers and the Administrative Agent with reasonable notice prior to
any visit or inspection and all information acquired in such visits shall be subject to Section 11.9 [Confidentiality]. In the event any Lender desires to conduct an audit of any Loan Party, such Lender shall make a reasonable effort to conduct
such audit contemporaneously with any audit to be performed by the Administrative Agent. 
 8.1.6 Field
Exams. Each Loan Party shall, and shall cause each of its Subsidiaries to, permit any of the officers or authorized employees or representatives of the Administrative Agent to conduct field exams in such detail and at such times and as often the
Administrative Agent may reasonably request, provided that so long as (i) the Borrowers maintain an Average Excess Availability of more than $50,000,000 and (b) no Event of Default or Potential Default exists, the Borrowers shall
only be required to reimburse the Administrative Agent for no more than two (2) field exams per year. 

  
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 8.1.7 Keeping of Records and Books of Account. The Borrowers shall,
and shall cause each Subsidiary of the Borrowers to, maintain and keep proper books of record and account which enable the Borrowers and their Subsidiaries to issue financial statements in accordance with GAAP and as otherwise required by applicable
Laws of any Official Body having jurisdiction over the Borrowers or any Subsidiary of any Borrower, and in which full, true and correct entries shall be made in all material respects of all its dealings and business and financial affairs.

 8.1.8 Compliance with Laws; Use of Proceeds. Each Loan Party shall, and shall cause each of its
Subsidiaries to, comply with all applicable Laws, including all Environmental Laws, in all respects; provided that it shall not be deemed to be a violation of this Section 8.1.8 if any failure to comply with any Law would not result in
fines, penalties, remediation costs, other similar liabilities or injunctive relief which in the aggregate would constitute a Material Adverse Change. The Loan Parties will use the Letters of Credit and the proceeds of the Loans only in accordance
with Section 2.8 [Use of Proceeds] and as permitted by applicable Law. 
 8.1.9 Further Assurances.
Each Loan Party shall, from time to time, at its expense, faithfully preserve and protect the Administrative Agent’s Lien on and Prior Security Interest in the Collateral whether now owned or hereafter acquired as a continuing first priority
perfected Lien, subject only to Permitted Liens, and shall do such other acts and things as the Administrative Agent in its sole discretion may deem necessary or advisable from time to time in order to preserve, perfect and protect the Liens granted
under the Loan Documents and to exercise and enforce its rights and remedies thereunder with respect to the Collateral. 
 8.1.10 Anti-Terrorism Laws. None of the Loan Parties is or shall be (i) a Person with whom any Lender is restricted from doing business under Executive Order No. 13224 or any other
Anti-Terrorism Law, (ii) engaged in any business involved in making or receiving any contribution of funds, goods or services to or for the benefit of such a Person or in any transaction that evades or avoids, or has the purpose of evading or
avoiding, the prohibitions set forth in any Anti-Terrorism Law, or (iii) otherwise in violation of any Anti-Terrorism Law. The Loan Parties shall provide to the Lenders any certifications or information that a Lender requests to confirm
compliance by the Loan Parties with Anti-Terrorism Laws. 
 8.1.11 Maintenance of Patents, Trademarks,
Etc. Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain in full force and effect all patents, trademarks, service marks, trade names, copyrights, licenses, franchises, permits and other authorizations necessary for the
ownership and operation of its properties and business if the failure so to maintain the same would constitute a Material Adverse Change. 
 8.1.12 Plans and Benefits Arrangements. Each Borrower shall, and shall cause each other member of the ERISA Group to, comply with ERISA, the Internal Revenue Code and other applicable Laws
applicable to Plans and Benefit Arrangements except where such failure, alone or in conjunction with any other failure, would not result in a Material Adverse Change. Without limiting the generality of the foregoing, such Borrower shall cause all of
its Plans and all Plans maintained by any member of the ERISA Group to be funded in accordance with the minimum funding requirements of ERISA and shall make, and cause each member of the ERISA

  
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Group to make, in a timely manner, all contributions due to Plans, Benefit Arrangements and Multiemployer Plans. 

8.1.13 Subordination of Intercompany Loans. Each Loan Party shall cause any intercompany Indebtedness, loans or
advances owed by any Loan Party to any other Loan Party to be subordinated pursuant to the terms of the Intercompany Subordination Agreement. 
 8.1.14 Tax Sharing. Borrowers shall not amend or modify in any material manner that is adverse to the Lenders, the Tax Sharing Agreement without the consent of the Required Lenders, not to be
unreasonably withheld. 
 8.1.15 JPMorgan Deposit Account Control Agreement. The Borrowers shall, within
thirty (30) days of the Closing Date (which may be extended an additional thirty (30) days upon the written consent of the Administrative Agent in its discretion), enter into, and cause JPMorgan to enter into, the JPMorgan Deposit Account
Control Agreement, or close and/or defund and maintain a zero (0) balance in such JP Morgan accounts identified in this Agreement and subject to the JP Morgan Account Control Agreement, provided all such funds and transactions are funded and
directed to the account or accounts at PNC subject to the PNC Deposit Account Control Agreement. 
 8.2 Negative
Covenants. 
 8.2.1 Indebtedness. Each of the Loan Parties shall not, and shall not permit any of its
Subsidiaries to, at any time create, incur or assume any Indebtedness, except: 
 (i) Indebtedness under the Loan
Documents; 
 (ii) Indebtedness in connection with Specified Hedging Obligations and Indenture Obligations (as
such terms are defined in the Senior Secured Note Indenture) and Indebtedness evidenced by the Senior Secured Notes; 
 (iii) Indebtedness as set forth on Schedule 8.2.1; provided there is not an increase in the amount thereof or other significant change in the terms thereof; 

(iv) Capitalized and operating leases as and to the extent permitted under Section 8.2.14 [Capital Expenditures and
Leases]; 
 (v) Indebtedness secured by Purchase Money Security Interests and/or other assets which are not
Collateral, provided that the aggregate amount of such Indebtedness does not exceed $30,000,000 at any one time outstanding; 
 (vi) Indebtedness of a Loan Party to another Loan Party which is subordinated in accordance with the provisions of Section 8.1.13 [Subordination of Intercompany Loans], provided that the
aggregate Indebtedness of the Borrowers from their Subsidiaries other than the Borrowers may not exceed $15,000,000 in the aggregate at any time; 

  
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 (vii) Indebtedness under Hedging Contracts, provided that (1) such
Hedging Contracts with respect to hedging of interest rates are related to payment obligations on Indebtedness permitted under this Agreement, (2) the notional principal amount of such Hedging Contracts with respect to hedging of interest rates
does not exceed the principal amount of such Indebtedness to which such Hedging Contracts relate, and (3) in each case, the liabilities under such Hedging Contracts which do not represent an actual obligation and for which an offsetting
derivative contract has been recorded in the financial statements are recorded in accordance with SFAS 133; 

(viii) Indebtedness in respect of bid, performance or surety bonds issued for the account of any of the Loan Parties in
the ordinary course of business; and 
 (ix) Other unsecured Indebtedness provided that after giving effect to
such Indebtedness the Borrowers’ Consolidated Fixed Charge Coverage Ratio (as such term is defined in the Senior Secured Note Indenture as in effect March 8, 2011) computed as of the end of the fiscal quarter preceding the fiscal quarter
during which such Indebtedness is incurred (“Referenced Quarter”) would be at least 2.0 to 1.0, determined on a pro forma basis as if the incurrence of such additional Indebtedness and the application of the net proceeds therefrom
had occurred at the beginning of the four quarter period ending with the Referenced Quarter. 
 8.2.2 Liens;
Lien Covenants. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, at any time create, incur, assume or suffer to exist any Lien on any of its property or assets, tangible or intangible, now owned or hereafter
acquired, or agree or become liable to do so, except Permitted Liens. 
 8.2.3 Guaranties. Each of the
Loan Parties shall not, and shall not permit any of its Subsidiaries to, at any time, directly or indirectly, become or be liable in respect of any Guaranty, or assume, guarantee, become surety for, endorse or otherwise agree, become or remain
directly or contingently liable upon or with respect to any obligation or liability of any other Person, except for Guaranties of Indebtedness of the Loan Parties permitted hereunder. 

8.2.4 Loans and Investments. At all such times during which the Borrowers have Undrawn Availability that is less
than twenty percent (20%) of the Maximum Revolving Advance Amount (subject to any increase pursuant to Section 2.11(iii) [Proportionate Increases] hereto) prior to or after giving effect to any loan, advance, purchase or acquisition
described below, each of the Loan Parties shall not, and shall not permit any of their Subsidiaries to, at any time make any loan or advance to, or purchase, acquire or own any stock, bonds, notes or securities of, or any partnership interest
(whether general or limited) or limited liability company interest in, or any other investment or interest in, or make any capital contribution to, any other Person, or agree, become or remain liable to do any of the foregoing, except: 

(i) trade credit extended on usual and customary terms in the ordinary course of business or in connection with any
workout or settlement of a trade credit account in the ordinary course of business, provided that such account which is the subject of a workout or settlement is not a Qualified Account; 

  
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 (ii) advances to employees to meet expenses incurred by such employees in
the ordinary course of business; 
 (iii) Permitted Investments; 

(iv) loans to Subsidiaries not exceeding $2,000,000 at any time outstanding, and investments in Subsidiaries not exceeding
amounts existing on the date hereof as described on Schedule 8.2.4 hereto; and 
 (v) investments on the
date hereof as set forth on Schedule 8.2.4. 
 8.2.5 Dividends and Related Distributions. Each of
the Loan Parties shall not, and shall not permit any of its Subsidiaries to, make or pay, or agree to become or remain liable to make or pay, any dividend or other distribution of any nature (whether in cash, property, securities or otherwise) on
account of or in respect of its shares of capital stock, partnership interests or limited liability company interests on account of the purchase, redemption, retirement or acquisition of its shares of capital stock (or warrants, options or rights
therefor), partnership interests or limited liability company interests, except: 
 (i) dividends or other
distributions payable to another Loan Party; 
 (ii) dividends or other distributions payable to other Persons in
an aggregate amount less than or equal to fifty percent of the Loan Parties cumulative net income for such period, so long as the following criteria are met: 
 (A) such dividend or distribution is permitted under Sections 4.03 and 4.15 of the Senior Secured Note Indenture as in effect March 8, 2011; and 

(B) no Potential Default or Event of Default shall exist on the date on which the Borrowers’ make such dividend
payment immediately after giving effect to such dividend payment; and 
 (C) Consolidated Net Worth shall be
greater than or equal $50,000,000 immediately after giving effect to such dividend payment.; and 
 (D) Undrawn
Availability shall be greater than or equal to twenty percent (20%) of the Maximum Revolving Advance Amount immediately after giving effect to such dividend payment. 

8.2.6 Liquidations, Mergers, Consolidations, Acquisitions. Each of the Loan Parties shall not, and shall not permit
any of its Subsidiaries to, dissolve, liquidate or wind-up its affairs, or become a party to any merger or consolidation, or acquire by purchase, lease or otherwise, all or substantially all of the assets or capital stock of any other Person,
provided that: 
 (1) upon prior written notice to the Administrative Agent, any Subsidiary of any of the
Borrowers (except for the Borrowers) may consolidate with or merge into or sell, transfer, lease or otherwise dispose of all or substantially all of its assets to a Borrower or a wholly-owned Subsidiary of a Borrower if such Borrower or wholly-owned

  
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Subsidiary shall be the surviving corporation and if, immediately after giving effect to such transaction, no condition or event shall exist which constitutes an Event of Default or Potential
Default; provided however, if such Subsidiary of a Borrower is a Guarantor, it may consolidate with or merge into or sell, transfer, lease or otherwise dispose of all or substantially all of its assets only with or to another Loan Party; 

(2) upon prior written notice to the Administrative Agent, any Subsidiary of a Borrower may dissolve or merge out of
existence if such Subsidiary is an Inactive Subsidiary; and 
 (3) any Loan Party may acquire, whether by
purchase or by merger, (A) some or all of the ownership interests of another Person or (B) substantially all of the assets of another Person or of a business or division of another Person (each a “Permitted Acquisition”),
provided that each of the following requirements is met: 
 (i) such Permitted Acquisition is permitted
under the Senior Secured Note Indenture as in effect March 8, 2011; 
 (ii) no Potential Default or Event
of Default shall exist immediately prior to and after giving effect to such Permitted Acquisition; 
 (iii) the
Undrawn Availability shall be greater than or equal to twenty percent (20%) of the Maximum Revolving Advance Amount immediately after giving effect to such Permitted Acquisition; provided that any assets acquired in connection with the
Permitted Acquisition may not be included in such calculation unless such assets have been subject to a field examination, in form and substance satisfactory to the Administrative Agent; 

(iv) if the Loan Parties are acquiring the ownership interests in such Person, such Person shall execute a Guarantor
Joinder and join this Agreement as a Guarantor pursuant to Section 8.2.9 [Subsidiaries, Partnerships and Joint Ventures] on or before the date of such Permitted Acquisition; 

(v) the Loan Parties, such Person and its owners, as applicable, shall grant Liens to the Administrative Agent in the
assets acquired, to the extent they constitute Collateral of such Person, and otherwise comply with Section 8.2.9 [Subsidiaries, Partnerships and Joint Ventures] on or before the date of such Permitted Acquisition; 

(vi) the business acquired, or the business conducted by the Person whose ownership interests are being acquired, as
applicable, shall be substantially the same as one or more line or lines of business conducted by the Loan Parties and shall comply with Section 8.2.10 [Continuation of or Change in Business]; 

(vii) the Loan Parties shall deliver to the Administrative Agent at least five (5) Business Days before such
Permitted Acquisition a pro forma Borrowing Base Certificate demonstrating that after giving effect to such Permitted Acquisition and any Loans outstanding on the date of or made simultaneously with such acquisition,

  
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demonstrating that the Borrowers are in compliance with Section 8.2.20 [Minimum Undrawn Availability]; 

(viii) the Loan Parties shall deliver to the Administrative Agent at least five (5) Business Days before such
Permitted Acquisition copies of any agreements entered into or proposed to be entered into by such Loan Parties in connection with such Permitted Acquisition and shall deliver to the Administrative Agent such other information about such Person or
its assets as any Loan Party may reasonably require. 
 8.2.7 Dispositions of Assets or Subsidiaries. Each
of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, sell, sell and lease back, convey, assign, lease, abandon or otherwise transfer or dispose of, voluntarily or involuntarily, any of its properties or assets, tangible or
intangible (including sale, assignment, discount or other disposition of accounts, contract rights, chattel paper, equipment or general intangibles with or without recourse or of capital stock, shares of beneficial interest, partnership interests or
limited liability company interests of a Subsidiary of such Loan Party), except that such disposition shall be permitted so long as such disposition (a) is permitted under Sections 4.17, 4.18 or 4.19 of the Senior Secured Note Indenture as in
effect March 8, 2011 and (b) meets one of the following requirements: 
 i. transactions involving the
sale of inventory in the ordinary course of business; 
 ii. any sale, transfer or lease of assets in the
ordinary course of business which is not material in relation to such Loan Party’s or such Subsidiary’s assets, and no longer necessary or required in the conduct of such Loan Party’s or such Subsidiary’s business; 

iii. any sale, transfer or lease of assets by any wholly owned Subsidiary of such Loan Party to another Loan Party;

 iv. any sale, transfer or lease of assets in the ordinary course of business which is replaced by substitute
assets acquired or leased, provided such substitute assets, to the extent replacing Collateral, are subject to the Lenders’ Prior Security Interest; 
 v. any sale, transfer or lease of properties which (a) have become obsolete or (b) have no material net value (after giving effect to the cost of maintaining such properties) and have no use in
the business of the Loan Parties; 
 vi. any sale, transfer or lease of assets, other than those specifically
excepted pursuant to clauses (i) through (v) above, provided that the aggregate value of the assets subject to all such sales under this Section 8.2.7(vi) does not exceed $35,000,000 in the aggregate; and 

vii. sales of winter fill asphalt by United Refining to URA which is an Affiliate of the Borrowers and owned by United
Refining, Inc., in accordance with the terms of the Asphalt Purchase and Sale Agreement and the Asphalt Product 

  
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Throughput and Terminal Services Agreement each dated as of January 14, 2011; provided that: (w) sales by United Refining to URA will be made at prevailing markets prices upon fair and
reasonable arms length terms and conditions, (x) United Refining and URA shall invoice their respective customers separately for sales of inventory to such customers and maintain separate records with respect to billing and collections, and all
such records shall be available to Administrative Agent upon its request, (y) the asphalt sold by United Refining to URA shall be stored in separate storage tanks indentified to the Administrative Agent, and (z) United Refining shall remit
to the Administrative Agent the proceeds of such sales to URA, which shall be either deposited into a cash collateral account at the Administrative Agent or applied to the outstanding Revolving Credit Loans. 

8.2.8 Affiliate Transactions. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to,
enter into or carry out any transaction among one another or any of their Affiliates including, without limitation, purchasing property or services from any Affiliate, selling property or services to any Affiliate, reimbursing an Affiliate for
expenses (including overhead which an Affiliate incurs), on any Borrower’s behalf, except as permitted in clauses (i), (ii), and (iii) below: 
 (i) The Borrowers may pay up to $2,000,000 during any fiscal year pursuant to the Servicing Agreement. 
 (ii) Subject to the requirements set forth in Section 8.2.7(vii), United Refining may sell winter fill asphalt to URA in accordance with the terms of the Asphalt Purchase and Sale Agreement and the
Asphalt Product Throughput and Terminal Services Agreement each dated as of January 14, 2011; provided however, such sales shall no longer be permitted under this clause (ii) in the event that the total equity and Indebtedness which is
used to capitalize URA exceeds at any one time an amount equal to the sum of $45,000,000 plus the amount of any undistributed profits of URA. 
 (iii) The Borrowers may enter into transactions upon fair and reasonable arms’ length terms and conditions, provided that (a) Undrawn Availability shall be greater than or equal to twenty
percent (20%) of the Maximum Revolving Advance Amount immediately at the time of entering into such transaction and giving effect thereto, (b) the Borrowers shall fully disclose the proposed terms and conditions of each transaction to the
Administrative Agent at least ten (10) Business Days prior to the date on which any Borrower enters into such transaction; such disclosure shall be in sufficient detail to demonstrate the Borrowers’ compliance with this Section 8.2.8
to the satisfaction of the Lenders and (c) such terms and conditions are in accordance with all applicable Law and are not otherwise prohibited by this Agreement. 

8.2.9 Subsidiaries, Partnerships and Joint Ventures. Each of the Loan Parties shall not, and shall not permit any
of its Subsidiaries to own or create directly or indirectly any Subsidiaries other than (i) any Subsidiary which has joined this Agreement as Guarantor on the Closing Date; (ii) Foreign Subsidiaries or (iii) Inactive Subsidiaries set
forth on Schedule 6.1.1, provided however, if any such Subsidiary no longer remains an Inactive Subsidiary, it shall 

  
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immediately join this Agreement by delivering to the Administrative Agent (A) a signed Guarantor Joinder; (B) documents in the forms described in Section 7.1 [First Loans and
Letters of Credit] modified as appropriate; and (C) documents necessary to grant and perfect Prior Security Interests to the Administrative Agent for the benefit of the Lenders in Collateral held by, such Subsidiary; and (vi) any
Subsidiary formed or acquired after the Closing Date which joins this Agreement as a Guarantor by delivering to the Administrative Agent (A) a signed Guarantor Joinder; (B) documents in the forms described in Section 7.1 [First Loans
and Letters of Credit] modified as appropriate; and (C) documents necessary to grant and perfect Prior Security Interests to the Administrative Agent for the benefit of the Lenders in Collateral held by, such Subsidiary. Each of the Loan
Parties shall not become or agree to become a party to a Joint Venture; provided that, (1) no Potential Default or Event of Default shall exist immediately prior to and after giving effect thereto and (2) the Undrawn Availability shall be
greater than or equal to twenty percent (20%) of the Maximum Revolving Advance Amount immediately after giving effect thereto, the Loan Parties may create or acquire Joint Ventures so long as the aggregate amount of investment or purchase price
for all such Joint Ventures made by such Loan Parties does not exceed $5,000,000. 
 8.2.10 Continuation of or
Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries or Joint Ventures to, engage in any business other than the refining, transportation, shipping, distribution and sale of petroleum and petroleum
products and other motor fuels, additives and constituents of any thereof and the ownership and operation of retail convenience stores and supermarkets and businesses directly related thereto, substantially as conducted and operated by such Loan
Party or Subsidiary during the present fiscal year, and such Loan Party or Subsidiary shall not permit any material change in such business. 
 8.2.11 Fiscal Year. Each Borrower shall not, and shall not permit any Subsidiary of such Borrower to, change its fiscal year from the twelve-month period beginning September 1 and ending
August 31. 
 8.2.12 Issuance of Stock. Each of the Loan Parties shall not, and shall not permit any
of its Subsidiaries to, issue any additional shares of its capital stock or any options, warrants or other rights in respect thereof, except that United Refining may permit a sale, transfer or other disposition of its shares to the extent such sale,
transfer or other disposition does not result in an Event of Default under Section 9.1.10 [Change of Control]. 
 8.2.13 Changes in Organizational Documents and Senior Secured Notes. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, amend in any respect its certificate of
incorporation (including any provisions or resolutions relating to capital stock), by-laws or other organizational documents without providing at least thirty (30) calendar days’ prior written notice to the Administrative Agent and the
Lenders and, in the event such change would be adverse to the Lenders as determined by the Administrative Agent in its sole discretion, obtaining the prior written consent of the Required Lenders. 

(i) Each of the Loan Parties shall not amend, refinance or replace in any respect any provision of the Senior Secured Note
Indenture, the Senior Secured Notes or agreements related to the foregoing if such amendment, refinancing or replacement provides 

  
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for, or could result in, (a) any acceleration in the principal thereof or any addition or increase, directly or indirectly, in the amount of any principal payment thereunder except and to
the extent such addition or increase is permitted under this Agreement; (b) a prohibition or conditioning of the granting of collateral security to the Administrative Agent and the Lenders hereunder or under any amendment or restatement of the
Credit Agreement which would limit the Loan Parties’ granting to the Administrative Agent, the Lenders or any new lenders a Lien on (x) the Collateral currently granted to the Administrative Agent and the Lenders, and (y) the Loan
Parties’ accounts, inventory and all general intangibles related thereto, (c) the inclusion of covenants, taken together, that are materially more restrictive to any of the Loan Parties than those contained in the Senior Secured Note
Indenture on the Senior Note Closing Date, (d) a maturity date earlier than the maturity date contained in the Senior Secured Note Indenture on the Senior Note Closing Date, (e) the granting of collateral as security therefor (except for
Liens on assets referred to in paragraph (xiv) of the definition of Permitted Liens), in the case of each of items (a) through (e) above without obtaining the prior written consent of the Required Lenders. 

8.2.14 Capital Expenditures and Leases. At all such times during which the Borrowers have Undrawn Availability that
is less than twenty percent (20%) of the Maximum Revolving Advance Amount immediately after giving effect to any capitalized lease or lease obligations, each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, enter
into any lease obligation unless (i) payments on account of the lease of assets which if leased would constitute a capitalized lease do not exceed $5,000,000 in the aggregate in the most recent fiscal year of the Borrowers (the “Annual
Capital Lease Limit”), (ii) payments on account of the rental or lease of real or personal property do not exceed $16,000,000 in the aggregate in the most recent fiscal year of the Borrowers (the “Annual Operating Lease
Limit”), and (iii) after giving effect the such capital or operating lease obligation to be incurred, the aggregate payments in any fiscal year on account of capital leases and operating leases shall not exceed either the Annual
Capital Lease Limit or the Annual Operating Lease Limit respectively. All such leases shall be made under usual and customary terms and in the ordinary course of business. 

8.2.15 Plans and Benefit Arrangements. Each of the Loan Parties shall not, and shall not permit any of its
Subsidiaries to: 
 (i) fail to satisfy the minimum funding requirements of ERISA and the Internal Revenue Code
with respect to any Plan; 
 (ii) request a minimum funding waiver from the IRS with respect to any Plan;

 (iii) engage in a Prohibited Transaction with any Plan, Benefit Arrangement or Multiemployer Plan which, alone
or in conjunction with any other circumstances or set of circumstances resulting in liability under ERISA, would constitute a Material Adverse Change; 
 (iv) fail to make when due any contribution to any Multiemployer Plan that a Borrower or any member of the ERISA Group may be required to make under any agreement relating to such Multiemployer Plan, or
any Law pertaining thereto; 

  
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 (v) withdraw (completely or partially) from any Multiemployer Plan or
withdraw (or be deemed under Section 4062(e) of ERISA to withdraw) from any Multiple Employer Plan, where any such withdrawal is likely to result in an Event of Default under section 9.1.9; 

(vi) terminate, or institute proceedings to terminate, any Plan, where such termination is likely to result in a material
liability to a Borrower or any member of the ERISA Group; 
 (vii) make any amendment to any Plan with respect to
which security is required under Section 307 of ERISA; or 
 (viii) fail to give any and all notices and
make all disclosures and governmental filings required under ERISA or the Internal Revenue Code, where such failure is likely to result in a Material Adverse Change. 

8.2.16 Negative Pledge Covenants. Except for the restrictions on granting Liens in the No Interest Agreement as in
effect on the Closing Date and the Senior Secured Note Indenture as in effect on the Closing Date, each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries to, (a) enter into any agreement,
promise, commitment or other undertaking with any Person which, conditionally or unconditionally, prohibits, or limits in any way the right of, any of the Loan Parties or their Subsidiaries from granting any Liens to the Administrative Agent or the
Lenders in the assets or ownership interests of the Loan Parties or their Subsidiaries or which imposes any conditions upon such a grant of such Liens or the exercise by the Administrative Agent or the Lenders of their rights and remedies under such
Liens (including their rights to transfer or dispose of such assets or interests), or (b) agree to, create or suffer to exist any Lien to any Person on any assets at any time, other than Permitted Liens. 

8.2.17 Intentionally Omitted. 

8.2.18 Enbridge Costs; Enbridge Cash Collateral. Without prior written notice to the Administrative Agent, the Loan
Parties shall not at any time permit the aggregate amount of cash collateral and/or letters of credit outstanding in favor of Enbridge to (i) be less than the amount determined by Enbridge to be adequate security for the obligations of the Loan
Parties to Enbridge or (ii) be increased or decreased from the amount of such cash collateral or letters of credit outstanding in favor of Enbridge on the Closing Date. The Loan Parties shall not permit any Loan Party except United Refining to
incur fees, expenses or indebtedness to Enbridge. 
 8.2.19 Minimum Net Worth. The Loan Parties shall not
at any time permit Consolidated Net Worth to be less than $50,000,000. 
 8.2.20 Minimum Undrawn
Availability. The Loan Parties shall not permit Undrawn Availability (i) to be less than the greater of (a) ten percent (10%) of the Maximum Revolving Advance Amount or (b) $17,500,000, for any five (5) consecutive
Business Days and (ii) to be less than six percent (6%) of the Maximum Revolving Advance Amount on any given day. 

  
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 8.3 Reporting Requirements. The Loan Parties will furnish or cause to be furnished to
the Administrative Agent and each of the Lenders: 
 8.3.1 Quarterly Financial Statements. As soon as
available and in any event within forty-five (45) calendar days after the end of each of the first three fiscal quarters in each fiscal year, financial statements of the Borrowers, consisting of a consolidated balance sheet as of the end of
such fiscal quarter and related consolidated statements of income, stockholders’ equity and cash flows for the fiscal quarter then ended and the fiscal year through that date, all in reasonable detail and certified (subject to normal year-end
audit adjustments) by the Chief Executive Officer, President or Chief Financial Officer of the Borrowers as having been prepared in accordance with GAAP, consistently applied, and setting forth in comparative form the respective financial statements
for the corresponding date and period in the previous fiscal year. 
 8.3.2 Annual Financial Statements.
As soon as available and in any event within ninety (90) days after the end of each fiscal year of the Borrowers, financial statements of the Borrowers consisting of a consolidated balance sheet as of the end of such fiscal year, and related
consolidated statements of income, stockholders’ equity and cash flows for the fiscal year then ended, all in reasonable detail and setting forth in comparative form the financial statements as of the end of and for the preceding fiscal year,
and certified by independent certified public accountants of nationally recognized standing satisfactory to the Administrative Agent, together with any management letters of such accountant delivered to any Borrower. The Administrative Agent
acknowledge that the Borrowers’ current accountants, BDO Seidman, LLP, are satisfactory. The certificate or report of accountants shall be free of qualifications (other than any consistency qualification that may result from a change in the
method used to prepare the financial statements as to which such accountants concur) and shall not indicate the occurrence or existence of any event, condition or contingency which would materially impair the prospect of payment or performance of
any covenant, agreement or duty of any Loan Party under any of the Loan Documents. The Loan Parties shall use their best efforts to deliver with such financial statements and certification by their accountants a letter of such accountants to the
Administrative Agent and the Lenders substantially to the effect that, based upon their ordinary and customary examination of the affairs of the Borrowers, performed in connection with the preparation of such consolidated financial statements, and
in accordance with GAAP, they are not aware of the existence of any condition or event which constitutes an Event of Default or Potential Default or, if they are aware of such condition or event, stating the nature thereof. 

8.3.3 Certificate of the Borrowers. Concurrently with the financial statements of the Borrower furnished to the
Administrative Agent and to the Lenders pursuant to Sections 8.3.1 [Quarterly Financial Statements] and 8.3.2 [Annual Financial Statements], a certificate (each a “Compliance Certificate”) of the Borrower signed by the Chief
Executive Officer, President or Chief Financial Officer of the Borrowers, in the form of Exhibit 8.3.3. 

8.3.4 Borrowing Base Certificates, Schedules of Accounts, Inventory and Payables. As soon as available: (i) by
(a) the Second Business Day of each week a Borrowing Base Certificate as of the last Business Day of the immediately preceding week or (b) upon the request of the Administrative Agent following the occurrence of and continuance of either
an Event of Default or a Cash Dominion Triggering Event, a daily Borrowing Base Certificate for the immediately preceding Business Day, each in the form of Exhibit 8.3.4 hereto, appropriately

  
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completed, executed and delivered by an Authorized Officer, together with a detailed sales register, a cash receipts journal and a purchase journal showing sales, receipts and purchases for the
preceding week or Business Day, as applicable, (ii) a Schedule of Accounts and Schedule of Inventory as of the end of the immediately preceding week; and (iii) within fifteen (15) calendar days after the end of each calendar month,
the Schedule of Payables. 
 8.3.5 Notices. 

8.3.5.1 Default. Promptly after any officer of any Loan Party has learned of the occurrence of an Event of Default
or Potential Default, a certificate signed by an Authorized Officer setting forth the details of such Event of Default or Potential Default and the action which such Loan Party proposes to take with respect thereto. 

8.3.5.2 Litigation. Promptly after the commencement thereof, notice of all actions, suits, proceedings or
investigations before or by any Official Body or any other Person against any Loan Party or Subsidiary of any Loan Party which relate to the Collateral or the attachment, seizure or levying upon such Collateral, involve a claim or series of claims
in excess of $2,000,000 or which if adversely determined would constitute a Material Adverse Change. 
 8.3.5.3
Organizational Documents. Within the time limits set forth in Section 8.2.13 [Changes in Organizational Documents and Senior Secured Notes], any amendment to the organizational documents of any Loan Party. 

8.3.5.4 Erroneous Financial Information. Immediately in the event that the Borrowers or their accountants conclude
or advise that any previously issued financial statement, audit report or interim review should no longer be relied upon or that disclosure should be made or action should be taken to prevent future reliance. 

8.3.5.5 ERISA Event. Immediately upon the occurrence of any ERISA Event. 

8.3.5.6 Other Reports. Promptly upon their becoming available to the Borrower: 

(i) Annual Budget. The annual budget and any forecasts or projections of the Borrowers, to be supplied not later
than within thirty (30) days of the current fiscal year end to which any of the foregoing may be applicable, 
 (ii) Management Letters. Any reports including management letters submitted to any Borrower by independent accountants in connection with any annual, interim or special audit, 

(iii) SEC Reports; Shareholder Communications. Reports, including Forms 10-K, 10-Q and 8-K, registration
statements and prospectuses and other shareholder communications, filed by any Borrower with the Securities and Exchange Commission. 

  
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 (iv) Other Information. Such other reports and information as any of
the Lenders may from time to time reasonably request. 
 9. DEFAULT 

9.1 Events of Default. An Event of Default shall mean the occurrence or existence of any one or more of the following events or
conditions (whatever the reason therefor and whether voluntary, involuntary or effected by operation of Law): 

9.1.1 Payments Under Loan Documents. Any Borrower shall fail to pay (i) any principal of any Loan (including
scheduled installments, mandatory prepayments or the payment due at maturity), Reimbursement Obligation or Letter of Credit or Obligation after such principal becomes due in accordance with the terms hereof or under any other Loan Document, or
(ii) shall fail to pay any interest on any Loan, Reimbursement Obligation or Letter of Credit, or Obligation or any other amount owing hereunder or under the other Loan Documents, within three (3) days after such interest or other amount
becomes due in accordance with the terms hereof or thereof; 
 9.1.2 Breach of Warranty. Any
representation or warranty made at any time by any of the Loan Parties herein or by any of the Loan Parties in any other Loan Document, or in any certificate, other instrument or statement furnished pursuant to the provisions hereof or thereof,
shall prove to have been false or misleading in any material respect as of the time it was made or furnished; 

9.1.3 Breach of Negative Covenants or Visitation Rights. Any of the Loan Parties shall default in the observance or
performance of any covenant contained in Section 8.1.5 [Visitation Rights] or Section 8.2 [Negative Covenants]; 
 9.1.4 Breach of Other Covenants. Any of the Loan Parties shall default in the observance or performance of (i) Section 8.3.4 [Borrowing Base Certificates, Schedules of Accounts, Inventory
and Payables] and such default shall continue unremedied for a period of five (5) days or (ii) any other covenant, condition or provision hereof or of any other Loan Document and such default shall continue unremedied for a period of
twenty-five (25) Business Days; 
 9.1.5 Defaults in Other Agreements or Indebtedness. A default or
event of default shall occur at any time under the terms of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which any Loan Party or Subsidiary of any Loan Party may be obligated as a borrower
or guarantor in excess of $5,000,000 in the aggregate, and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether
at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived) or the termination of any commitment to lend; 

9.1.6 Final Judgments or Orders. Any final judgments or orders for the payment of money in excess of $5,000,000 in
the aggregate shall be entered against any Loan 

  
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Party by a court having jurisdiction in the premises, which judgment is not discharged, vacated, bonded or stayed pending appeal within a period of thirty (30) days from the date of entry;

 9.1.7 Loan Document Unenforceable. Any of the Loan Documents shall cease to be legal, valid and binding
agreements enforceable against the party executing the same or such party’s successors and assigns (as permitted under the Loan Documents) in accordance with the respective terms thereof or shall in any way be terminated (except in accordance
with its terms) or become or be declared ineffective or inoperative or shall in any way be challenged or contested or cease to give or provide the respective Liens, security interests, rights, titles, interests, remedies, powers or privileges
intended to be created thereby; 
 9.1.8 Uninsured Losses; Proceedings Against Assets. There shall occur
any material uninsured damage to or loss, theft or destruction of any of the Collateral in excess of $5,000,000 or the Collateral or any other of the Loan Parties’ or any of their Subsidiaries’ assets with an aggregate value in excess of
$5,000,000 are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within thirty
(30) days thereafter; 
 9.1.9 Events Relating to Plans and Benefit Arrangements. (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 in an aggregate amount in excess of $2,500,000 of any Borrower during any fiscal year under Title IV of ERISA to
the Pension Plan, Multiemployer Plan or the PBGC, or (ii) any Borrower 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 in an
aggregate amount in excess of $2,500,000 during any fiscal year under Section 4201 of ERISA under a Multiemployer Plan; 
 9.1.10 Change of Control. Any Person shall sell, transfer or make other disposition of capital stock owned directly or indirectly by John Catsimatidis (“Catsimatidis”) of any Loan Party
except (i) sales, transfers or dispositions by a Person resulting in not more than a forty-nine percent (49%) change of ownership of the capital stock of any Loan Party owned directly or indirectly by Catsimatidis in the aggregate over the
term of this Agreement by such Person; or (ii) involuntary transfers as a result of death, incapacity, liquidation or dissolution. 
 9.1.11 Relief Proceedings. (i) A Relief Proceeding shall have been instituted against any Loan Party or Subsidiary of a Loan Party and such Relief Proceeding shall remain undismissed or
unstayed and in effect for a period of sixty (60) consecutive days or such court shall enter a decree or order granting any of the relief sought in such Relief Proceeding, (ii) any Loan Party or Subsidiary of a Loan Party institutes, or
takes any action in furtherance of, a Relief Proceeding, or (iii) any Loan Party or any Subsidiary of a Loan Party ceases to be solvent or admits in writing its inability to pay its debts as they mature. 

9.2 Consequences of Event of Default. 
 9.2.1 Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Sections 9.1.1 through 9.1.10 shall occur

  
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and be continuing, the Lenders and the Administrative Agent shall be under no further obligation to make Loans and the Issuing Lender shall be under no obligation to issue Letters of Credit and
the Administrative Agent may, and upon the request of the Required Lenders, shall (i) by written notice to the Borrowers, declare the unpaid principal amount of the Notes then outstanding and all interest accrued thereon, any unpaid fees and
all other Indebtedness of any Borrower to the Lenders hereunder and thereunder to be forthwith due and payable, and the same shall thereupon become and be immediately due and payable to the Administrative Agent for the benefit of each Lender without
presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, and (ii) require the Borrowers to, and the Borrowers shall thereupon, deposit in a non-interest-bearing account with the Administrative
Agent, as cash collateral for its Obligations under the Loan Documents, an amount equal to 105% of the maximum amount currently or at any time thereafter available to be drawn on all outstanding Letters of Credit, and the Borrowers hereby pledges to
the Administrative Agent and the Lenders, and grants to the Administrative Agent and the Lenders a security interest in, all such cash as security for such Obligations; and 

9.2.2 Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under
Section 9.1.11 [Relief Proceedings] shall occur, the Lenders shall be under no further obligations to make Loans hereunder and the Issuing Lender shall be under no obligation to issue Letters of Credit and the unpaid principal amount of the
Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of any Borrower to the Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any
kind, all of which are hereby expressly waived; and 
 9.2.3 Set-off. If an Event of Default shall have
occurred and be continuing, each Lender, the Issuing Lender, and each of their respective Affiliates and any participant of such Lender or Affiliate which has agreed in writing to be bound by the provisions of Section 5.3 [Sharing of Payments
by Lenders] 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 such Lender, the Issuing Lender or any such Affiliate or participant to or for the credit or the account of any Loan Party against any and all of the Obligations of such
Loan Party now or hereafter existing under this Agreement or any other Loan Document to such Lender, the Issuing Lender, Affiliate or participant, irrespective of whether or not such Lender, Issuing Lender, Affiliate or participant shall have made
any demand under this Agreement or any other Loan Document and although such Obligations of the Borrowers or such Loan Party may be contingent or unmatured or are owed to a branch or office of such Lender or the Issuing Lender different from the
branch or office holding such deposit or obligated on such Indebtedness. The rights of each Lender, the Issuing Lender and their respective Affiliates and participants under this Section are in addition to other rights and remedies (including other
rights of setoff) that such Lender, the Issuing Lender or their respective Affiliates and participants may have. Each Lender and the Issuing Lender agrees to notify the Borrowers and the Administrative 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; and 

  
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 9.2.4 Application of Proceeds. From and after the date on which the
Administrative Agent has taken any action pursuant to this Section 9.2 and until all Obligations of the Loan Parties have been paid in full, any and all proceeds received by the Administrative Agent from any sale or other disposition of the
Collateral, or any part thereof, or the exercise of any other remedy by the Administrative Agent, shall be applied as follows: 
 (i) first, to reimburse the Administrative Agent and the Lenders for out-of-pocket costs, expenses and disbursements, including reasonable attorneys’ and paralegals’ fees and legal expenses,
incurred by the Administrative Agent or the Lenders in connection with realizing on the Collateral or collection of any Obligations (other than Lender Provided Interest Rate Hedges) of any of the Loan Parties under any of the Loan Documents,
including advances made by the Lenders or any one of them or the Administrative Agent for the reasonable maintenance, preservation, protection or enforcement of, or realization upon, the Collateral, including advances for taxes, insurance, repairs
and the like and reasonable expenses incurred to sell or otherwise realize on, or prepare for sale or other realization on, any of the Collateral; 
 (ii) second, to payment of any fees owed to the Administrative Agent; 
 (iii) third, to the payment of all reasonable out-of-pocket costs and expenses (including reasonable attorneys’ fees) of each of the Lenders to the extent owing to such Lender pursuant to the terms
of this Agreement; 
 (iv) fourth, to the payment of all of the Obligations consisting of accrued fees and
interest (except to the extent relating to Lender Provided Interest Rate Hedges); 
 (v) fifth, to the payment of
the outstanding principal amount of the Obligations (including the payment or cash collateralization of any outstanding Letters of Credit but excluding amounts owing under the Lender Provided Interest Rate Hedges); 

(vi) sixth, to all other Obligations which shall have become due and payable under any Loan Document or any Lender
Provided Interest Rate Hedge or otherwise and not repaid pursuant to clauses (i) through (v) above and 

(vii) the balance, if any, as required by Law 
 In carrying out the foregoing, (a) amounts received shall be applied in the numerical order provided until exhausted prior to application to the next succeeding category; (b) each of the Lenders
shall receive (so long as it is not a Defaulting Lender) an amount equal to its pro rata share (based on the proportion that the then outstanding Revolving Credit Loans and Letter of Credit Obligations held by such Lender bears to the aggregate then
outstanding Revolving Credit Loans and Letter of Credit Obligations) of amounts available to be applied pursuant to clauses (iii), (iv) and (v) above and ratably based upon proportionate shares of remaining Obligations under clause
(vi) above; and (c) to the extent that any amounts available for distribution pursuant to clause (v) above are attributable to the issued but undrawn amount of outstanding Letters of Credit, such amounts shall be held by the
Administrative Agent in a cash collateral account and applied (A) first, to reimburse the Issuing Lender from time to time for any drawings under such Letters of Credit and (B) then, following the expiration of all Letters of Credit, to
all other Obligations. 

  
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 10. THE ADMINISTRATIVE AGENT 

10.1 Appointment and Authority. Each of the Lenders and the Issuing Lender hereby irrevocably appoints PNC to act on its behalf as
the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof,
together with such actions and powers as are reasonably incidental thereto. The provisions of this Section 10 are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Lender, and neither the Borrowers nor any other
Loan Party shall have rights as a third party beneficiary of any of such provisions. 
 10.2 Rights as a Lender. The
Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or
“Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits
from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrowers or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent
hereunder and without any duty to account therefor to the Lenders. 
 10.3 Exculpatory Provisions. The Administrative
Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, the Administrative Agent: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Potential Default or Event of
Default has occurred and is continuing; 
 (b) shall not have any duty to take any discretionary action or
exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such
other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents); provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its
counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable Law; and 
 (c) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the
Borrowers or any of their Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of their Affiliates in any capacity. 

The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the
request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 11.1

  
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[Modifications, Amendments or Waivers] and 9.2 [Consequences of Event of Default]) or (ii) in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be
deemed not to have knowledge of any Potential Default or Event of Default unless and until notice describing such Potential Default or Event of Default is given to the Administrative Agent by the Borrowers, a Lender or the Issuing Lender.

 The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into
(i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection
herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Potential Default or Event of Default, (iv) the validity,
enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Section 7 [Conditions of Lending and Issuance of
Letters of Credit] or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 
 10.4 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper
Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any
condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the Issuing Lender, the Administrative Agent may presume that such condition is satisfactory
to such Lender or the Issuing Lender unless the Administrative Agent shall have received notice to the contrary from such Lender or the Issuing Lender prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative
Agent may consult with legal counsel, independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

10.5 Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers
hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or
through their respective Related Parties. The exculpatory provisions of this Section 10 shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective
activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. 
 10.6 Resignation of Administrative Agent. The Administrative Agent may at any time give notice of its resignation to the Lenders, the Issuing Lender and the Borrowers. Upon receipt

  
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of any such notice of resignation, the Required Lenders shall have the right, with approval from the Borrowers (so long as no Event of Default has occurred and is continuing), to appoint a
successor, such approval not to be unreasonably withheld or delayed. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative
Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the Lenders and the Issuing Lender, appoint a successor Administrative Agent, which appointee shall be made from among the Lenders (unless no Lender is
willing to accept such appointment); provided that if the Administrative Agent shall notify the Borrowers and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in
accordance with such notice and (i) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the
Administrative Agent on behalf of the Lenders or the Issuing Lender under any of the Loan Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed)
and (ii) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and the Issuing Lender directly, until such time as the Required Lenders appoint
a successor Administrative Agent as provided for above in this Section 10.6. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights,
powers, privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged
therefrom as provided above in this Section). The fees payable by the Borrowers to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed among the Borrowers and such successor. After the
retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Section 10 and Section 11.3 [Expenses; Indemnity; Damage Waiver] shall continue in effect for the benefit of such
retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent. 

If PNC resigns as Administrative Agent under this Section 10.6, PNC shall also resign as an Issuing Lender. Upon the appointment of
a successor Administrative Agent hereunder, such successor shall (i) succeed to all of the rights, powers, privileges and duties of PNC as the retiring Issuing Lender and Administrative Agent and PNC shall be discharged from all of its
respective duties and obligations as Issuing Lender and Administrative Agent under the Loan Documents, and (ii) issue letters of credit in substitution for the Letters of Credit issued by PNC, if any, outstanding at the time of such succession
or make other arrangement satisfactory to PNC to effectively assume the obligations of PNC with respect to such Letters of Credit. 
 10.7 Non-Reliance on Administrative Agent and Other Lenders. Each Lender and the Issuing Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any
other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and the Issuing Lender also acknowledges that
it will, independently and without reliance upon the Administrative Agent or any other 

  
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Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking
action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 
 10.8 No Other Duties, etc. Anything herein to the contrary notwithstanding, none of the other agents and Lenders listed on the cover page hereof shall have any powers, duties or responsibilities
under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or the Issuing Lender hereunder. 
 10.9 Administrative Agent’s Fee. The Borrowers shall pay to the Administrative Agent a nonrefundable fee (the “Administrative Agent’s Fee”) under the terms of a letter
(the “Administrative Agent’s Letter”) among the Borrowers and Administrative Agent, as amended from time to time. 
 10.10 Authorization to Release Collateral and Guarantors. The Lenders and Issuing Lenders authorize the Administrative Agent to release (i) any Collateral consisting of assets or equity
interests sold or otherwise disposed of in a sale or other disposition or transfer permitted under Section 8.2.7 [Dispositions of Assets or Subsidiaries] or 8.2.6 [Liquidations, Mergers, Consolidations, Acquisitions], and (ii) any
Guarantor from its obligations under the Guaranty Agreement if the ownership interests in such Guarantor are sold or otherwise disposed of or transferred to persons other than Loan Parties or Subsidiaries of the Loan Parties in a transaction
permitted under Section 8.2.7 [Dispositions of Assets or Subsidiaries] or 8.2.6 [Liquidations, Mergers, Consolidations, Acquisitions]. 
 10.11 No Reliance on Administrative Agent’s Customer Identification Program. Each Lender acknowledges and agrees that neither such Lender, nor any of its Affiliates, participants or assignees,
may rely on the Administrative Agent to carry out such Lender’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the USA Patriot Act or the
regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any other Anti-Terrorism Law, including any programs involving any of the following items
relating to or in connection with any of the Loan Parties, their Affiliates or their agents, the Loan Documents or the transactions hereunder or contemplated hereby: (i) any identity verification procedures, (ii) any recordkeeping,
(iii) comparisons with government lists, (iv) customer notices or (v) other procedures required under the CIP Regulations or such other Laws. 
 11. MISCELLANEOUS 
 11.1 Modifications, Amendments or Waivers. With
the written consent of the Required Lenders, the Administrative Agent, acting on behalf of all the Lenders, and the Borrowers, on behalf of the Loan Parties, may from time to time enter into written agreements amending or changing any provision of
this Agreement or any other Loan Document or the rights of the Lenders or the Loan Parties hereunder or thereunder, or may grant written waivers or consents hereunder or thereunder. Any such agreement, waiver or consent made with such

  
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written consent shall be effective to bind all the Lenders and the Loan Parties; provided, that no such agreement, waiver or consent may be made which will: 

11.1.1 Increase of Commitment. Increase the amount of the Revolving Credit Commitment of any Lender hereunder
without the consent of such Lender; 
 11.1.2 Extension of Payment; Reduction of Principal Interest or Fees;
Modification of Terms of Payment. Whether or not any Loans are outstanding, extend the Expiration Date or the time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Commitment
Fee or any other fee payable to any Lender, or reduce the principal amount of or the rate of interest borne by any Loan or reduce the Commitment Fee or any other fee payable to any Lender, without the consent of each Lender directly affected
thereby; 
 11.1.3 Release of Collateral or Guarantor. Except for sales of assets permitted by
Section 8.2.7 [Dispositions of Assets or Subsidiaries], release all or substantially all of the Collateral or any Guarantor from its Obligations under the Guaranty Agreement without the consent of all Lenders (other than Defaulting Lenders); or

 11.1.4 Miscellaneous. Amend Section 5.2 [Pro Rata Treatment of Lenders], 10.3 [Exculpatory
Provisions] or 5.3 [Sharing of Payments by Lenders] or this Section 11.1, alter any provision regarding the pro rata treatment of the Lenders or requiring all Lenders to authorize the taking of any action or reduce any percentage specified in
the definition of Required Lenders, in each case without the consent of all of the Lenders (other than Defaulting Lenders); 
 11.1.5 Borrowing Base; Qualified Accounts; Qualified Enbridge Pipeline Inventory; Qualified Inventory. Amend or alter any provision of the definitions of “Borrowing Base”, “Qualified
Accounts”, Qualified Enbridge Inventory” or “Qualified Inventory” in any manner that results in an increase in the Borrowing Base amount without the consent of (i) 66% of the aggregate Commitments of the Lenders (other than
Defaulting Lenders) if any such increase is less than $10,000,000 in the aggregate for all such amendments after the Closing Date (based on the most recent Borrowing Base certificate(s) delivered immediately prior to any such amendment) and
(ii) 75% of the aggregate Commitments of the Lenders (other than Defaulting Lenders) if any such increase is $10,000,000 or more in the aggregate for all such amendments after the Closing Date (based upon the most recent Borrowing
Base certificate(s) delivered immediately prior to any such amendments) or if any advance rate contained in any such definition is being increased. Notwithstanding the foregoing, in the event that the Borrowers increase the Revolving
Credit Commitments pursuant to Section 2.11 [Increase in Revolving Credit Commitments], the inventory sublimit contained in the definition of subsection (iii)(B) of the definition of Borrowing Base shall be increased proportionally in
accordance with subsection 2.11(iii) hereof; 
 provided that no agreement, waiver or consent which would modify the interests, rights or
obligations of the Administrative Agent or the Issuing Lender may be made without the written consent of such Administrative Agent or Issuing Lender, as applicable, and provided, further that, if in connection with any proposed waiver,
amendment or modification referred to in 

  
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Sections 11.1.1 through 11.1.4 above, the consent of the Required Lenders is obtained but the consent of one or more of such other Lenders whose consent is required is not obtained (each a
“Non-Consenting Lender”), then the Borrowers shall have the right to replace any such Non-Consenting Lender with one or more replacement Lenders pursuant to Section 5.6.2 [Replacement of a Lender]. 

Notwithstanding (a) the existence of a Potential Default or an Event of Default, (b) that any of the other
applicable conditions precedent set forth in Section 7.2 hereof have not been satisfied or (c) any other provision of this Agreement, the Administrative Agent may at its discretion and without the consent of the Required Lenders,
voluntarily permit the Revolving Facility Usage at any time to exceed the Borrowing Base by up to ten percent (10%) of the Borrowing Base for up to thirty (30) consecutive Business Days (the “Out-of-Formula Loans”);
provided, that, the Revolving Facility Usage does not exceed the aggregate Revolving Credit Commitments. If the Administrative Agent is willing in its sole and absolute discretion to make such Out-of-Formula Loans, such Out-of-Formula Loans shall be
payable on demand and shall, at the Administrative Agent’s discretion or upon the request of the Required Lenders, bear interest at the Default Rate; provided that, if Lenders do make Out-of-Formula Loans, neither the Administrative Agent nor
the Lenders shall be deemed thereby to have changed the limits set forth in the definition of Borrowing Base. For purposes of this paragraph, the discretion granted to Administrative Agent hereunder shall not preclude involuntary overadvances that
may result from time to time due to the fact that the Borrowing Base was unintentionally exceeded for any reason, including, but not limited to, Collateral previously deemed to be either “Qualified Receivables” or “Qualified
Inventory”, as applicable, becomes ineligible, collections of Accounts applied to reduce outstanding Revolving Credit Loans are thereafter returned for insufficient funds or overadvances are made to protect or preserve the Collateral. In the
event Administrative Agent involuntarily permits the outstanding Revolving Facility Usage to exceed the Borrowing Base by more than ten percent (10%), the Administrative Agent shall use its efforts to have the Borrowers decrease such excess in as
expeditious a manner as is practicable under the circumstances and not inconsistent with the reason for such excess. Revolving Credit Loans made after Administrative Agent has determined the existence of involuntary overadvances shall be deemed to
be involuntary overadvances and shall be decreased in accordance with the preceding sentence. 
 In addition to
(and not in substitution of) the discretionary Revolving Credit Loans permitted above in this Section 11.1, the Administrative Agent is hereby authorized by Borrowers and the Lenders, from time to time in the Administrative Agent’s sole
discretion, (A) after the occurrence and during the continuation of a Potential Default or an Event of Default, or (B) at any time that any of the other applicable conditions precedent set forth in Section 7.2 hereof have not been
satisfied, to make Revolving Credit Loans to Borrowers on behalf of the Lenders which the Administrative Agent, in its reasonable business judgment, deems necessary or desirable (a) to preserve or protect the Collateral, or any portion thereof,
(b) to enhance the likelihood of, or maximize the amount of, repayment of the Loans and other Obligations, or (c) to pay any other amount chargeable to Borrowers pursuant to the terms of this Agreement; provided, that at any time after
giving effect to any such Revolving Credit Loans the Revolving Facility Usage does not exceed the Revolving Credit Commitments or one hundred and ten percent (110%) of the Borrowing Base. 

  
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 11.2 No Implied Waivers; Cumulative Remedies. No course of dealing and no delay or
failure of the Administrative Agent or any Lender in exercising any right, power, remedy or privilege under this Agreement or any other Loan Document shall affect any other or future exercise thereof or operate as a waiver thereof, nor shall any
single or partial exercise thereof preclude any further exercise thereof or of any other right, power, remedy or privilege. The rights and remedies of the Administrative Agent and the Lenders under this Agreement and any other Loan Documents are
cumulative and not exclusive of any rights or remedies which they would otherwise have. 
 11.3 Expenses; Indemnity; Damage
Waiver. 
 11.3.1 Costs and Expenses. The Borrowers shall pay (i) all reasonable out-of-pocket
expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent), and shall pay all reasonable fees and time charges and disbursements for attorneys
who may be employees of the Administrative Agent, in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or
any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by the Issuing Lender in
connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all reasonable out-of-pocket expenses incurred by the Administrative Agent, any Lender or the Issuing Lender
(including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the Issuing Lender), and shall pay all reasonable fees and time charges for attorneys who may be employees of the Administrative Agent, any
Lender or the Issuing Lender, in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans
made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit, and (iv) all reasonable out-of-pocket expenses of
the Administrative Agent’s regular employees and agents engaged periodically to perform audits of the Loan Parties’ books, records and business properties. 

11.3.2 Indemnification by the Borrowers. Each Borrower shall indemnify the Administrative Agent (and any sub-agent
thereof), each Lender and the Issuing Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims,
damages, liabilities and related expenses (including the reasonable fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all reasonable fees and time charges and disbursements
for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by any Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the
execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance or nonperformance by the parties hereto of their respective obligations hereunder or thereunder or the
consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing Lender to honor a

  
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demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) breach of
representations, warranties or covenants of the Borrowers under the Loan Documents, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, including any such items or losses relating
to or arising under Environmental Laws or pertaining to environmental matters, whether based on contract, tort or any other theory, whether brought by a third party or by any Borrower or any other Loan Party, and regardless of whether any Indemnitee
is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (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 any Borrower or any other Loan Party against an Indemnitee for breach in bad faith of
such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrowers or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction.

 11.3.3 Reimbursement by Lenders. To the extent that any Borrower for any reason fails to indefeasibly
pay any amount required under Sections 11.3.1 [Costs and Expenses] or 11.3.2 [Indemnification by the Borrower] to be paid by it to the Administrative Agent (or any sub-agent thereof), the Issuing Lender or any Related Party of any of the foregoing,
each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the Issuing Lender or such Related Party, as the case may be, such Lender’s Ratable Share (determined as of the time that the applicable unreimbursed
expense or indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative
Agent (or any such sub-agent) or the Issuing Lender in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) or Issuing Lender in connection with such capacity.

 11.3.4 Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable Law, each
Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a
result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in
Section 11.3.2 [Indemnification by Borrower] shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information
transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. 
 11.3.5 Payments. All amounts due under this Section shall be payable not later than ten (10) days after demand therefor. 

11.4 Holidays. Whenever payment of a Loan to be made or taken hereunder shall be due on a day which is not a Business Day such
payment shall be due on the next Business Day (except as provided in Section 4.2 [Interest Periods]) and such extension of time shall be 

  
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included in computing interest and fees, except that the Loans shall be due on the Business Day preceding the Expiration Date if the Expiration Date is not a Business Day. Whenever any payment or
action to be made or taken hereunder (other than payment of the Loans) shall be stated to be due on a day which is not a Business Day, such payment or action shall be made or taken on the next following Business Day, and such extension of time shall
not be included in computing interest or fees, if any, in connection with such payment or action. 
 11.5 Notices;
Effectiveness; Electronic Communication. 
 11.5.1 Notices Generally. Except in the case of notices
and other communications expressly permitted to be given by telephone (and except as provided in Section 11.5.2 [Electronic Communications]), all notices and other communications provided for herein shall be in writing and shall be delivered by
hand or overnight courier service, mailed by certified or registered mail or sent by telecopier (i) if to a Lender, to it at its address set forth in its administrative questionnaire, or (ii) if to any other Person, to it at its address
set forth on Schedule 1.1(B). 
 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 11.5.2 [Electronic Communications], shall be effective as provided in such
Section. 
 11.5.2 Electronic Communications. Notices and other communications to the Lenders and the
Issuing Lender hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply
to notices to any Lender or the Issuing Lender if such Lender or the Issuing Lender, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative
Agent or the Borrowers may, in their 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 the Administrative Agent otherwise prescribes, (i) 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 (ii) 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 (i) of notification that such notice or communication is available and identifying the website address therefor. 

  
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 11.5.3 Change of Address, Etc. Any party hereto may change its
address, e-mail address or telecopier number for notices and other communications hereunder by notice to the other parties hereto. 
 11.6 Severability. The provisions of this Agreement are intended to be severable. If any provision of this Agreement shall be held invalid or unenforceable in whole or in part in any jurisdiction,
such provision shall, as to such jurisdiction, be ineffective to the extent of such invalidity or unenforceability without in any manner affecting the validity or enforceability thereof in any other jurisdiction or the remaining provisions hereof in
any jurisdiction. 
 11.7 Duration; Survival; Term. All representations and warranties of the Loan Parties contained
herein or made in connection herewith shall survive the execution and delivery of this Agreement, the completion of the transactions hereunder and Payment In Full. All covenants and agreements of the Borrowers contained herein relating to the
payment of principal, interest, premiums, additional compensation or expenses and indemnification, including those set forth in the Notes, Section 5 [Payments] and Section 11.3 [Expenses; Indemnity; Damage Waiver], shall survive Payment In
Full. All other covenants and agreements of the Loan Parties shall continue in full force and effect from and after the date hereof and until Payment In Full. This Agreement shall become effective on the date hereof and shall continue in full force
and effect until Payment in Full following the Expiration Date, unless sooner terminated as herein provided and following Payment in Full. The Borrowers may terminate this Agreement at any time upon ten (10) days’ prior written notice to
the Administrative Agent upon Payment in Full 
 11.8 Successors and Assigns. 

11.8.1 Successors and Assigns Generally. The provisions of this Agreement shall be binding upon, and inure to the
benefit of, the parties hereto and their respective successors and assigns permitted hereby, except that neither the Borrowers nor any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior
written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of Section 11.8.2
[Assignments by Lenders], (ii) by way of participation in accordance with the provisions of Section 11.8.4 [Participations], or (iii) by way of pledge or assignment of a security interest subject to the restrictions of
Section 11.8.6 [Certain Pledges; Successors and Assigns Generally] (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon
any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in Section 11.8.4 [Participations] and, to the extent expressly contemplated hereby, the Related Parties of
each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 11.8.2 Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its
Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

  
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 (i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans
at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 
 (B) in any case not described in clause (i)(A) of this Section 11.8.2, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the applicable
Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption Agreement with respect to such assignment is delivered
to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption Agreement, as of the Trade Date) shall not be less than $5,000,000, in the case of any assignment in respect of the Revolving Credit Commitment
of the assigning Lender unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrowers otherwise consent (each such consent not to be unreasonably withheld or delayed). 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all
the assigning Lender’s rights and obligations under this Agreement with respect to the Loan or the Commitment assigned. 
 (iii) Required Consents. No consent shall be required for any assignment except for the consent of the Administrative Agent (which shall not be unreasonably withheld or delayed) and: 

(A) the consent of the Borrowers (such consent not to be unreasonably withheld or delayed) shall be required unless
(x) an Event of Default has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the Borrowers shall be deemed to have consented to any
such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof; and 

(B) the consent of the Issuing Lender (such consent not to be unreasonably withheld or delayed) shall be required for any
assignment that increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding). 
 (iv) Assignment and Assumption Agreement. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption Agreement, together with a processing and
recordation fee of $3,500, and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an administrative questionnaire provided by the Administrative Agent. 

(v) No Assignment to Borrowers. No such assignment shall be made to the Borrowers or any of the Borrowers’
Affiliates or Subsidiaries. 

  
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 (vi) No Assignment to Natural Persons. No such assignment shall be
made to a natural person. 
 Subject to acceptance and recording thereof by the Administrative Agent pursuant to Section 11.8.3 [Register],
from and after the effective date specified in each Assignment and Assumption Agreement, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption Agreement, have the
rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption Agreement, be released from its obligations under this Agreement (and, in
the case of an Assignment and Assumption Agreement covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of
Sections 4.4 [LIBOR Rate Unascertainable; Illegality; Increased Costs; Deposits Not Available], 5.8 [Increased Costs], and 11.3 [Expenses, Indemnity; Damage Waiver] with respect to facts and circumstances occurring prior to the effective date
of such assignment. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 11.8.2 shall be treated for purposes of this Agreement as a sale by such Lender of a participation
in such rights and obligations in accordance with Section 11.8.4 [Participations]. 
 11.8.3
Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrowers, shall maintain a record of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans owing to, each
Lender pursuant to the terms hereof from time to time. Such register shall be conclusive, and the Borrowers, the Administrative Agent and the Lenders may treat each Person whose name is in such register pursuant to the terms hereof as a Lender
hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. Such register shall be available for inspection by the Borrowers and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 11.8.4 Participations. Any Lender may at any time, without the consent of, or notice to, the Borrowers
or the Administrative Agent, sell participations to any Person (other than a natural person or the Borrowers or any of the Borrowers’ Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s
rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such
Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrowers, the Administrative Agent and the Lenders, Issuing Lender shall continue to deal solely and directly with such
Lender in connection with such Lender’s rights and obligations under this Agreement. 
 Any agreement or
instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement;
provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver with respect to Sections 11.1.1 [Increase of Commitment, Etc.],
11.1.2 [Extension of Payment, Etc.], or 11.1.3 [Release of Collateral or Guarantor]). Subject to Section 11.8.5 [Limitations upon Participant 

  
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Rights Successors and Assigns Generally], each Borrower agrees that each Participant shall be entitled to the benefits of Sections 4.4 [LIBOR Rate Unascertainable; Illegality; Increased
Costs; Deposits Not Available] and 5.8 [Increased Costs] to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 11.8.2 [Assignments by Lenders]. To the extent permitted by Law, each Participant
also shall be entitled to the benefits of Section 9.2.3 [Setoff] as though it were a Lender; provided such Participant agrees to be subject to Section 5.3 [Sharing of Payments by Lenders] as though it were a Lender. 

11.8.5 Limitations upon Participant Rights Successors and Assigns Generally. A Participant shall not be entitled to
receive any greater payment under Sections 5.8 [Increased Costs], 5.9 [Taxes] or 11.3 [Expenses; Indemnity; Damage Waiver] than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant,
unless the sale of the participation to such Participant is made with the Borrowers’ prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 5.9 [Taxes]
unless the Borrowers are notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with Section 5.9.5 [Status of Lenders] as though it were a Lender. 

11.8.6 Certain Pledges; Successors and Assigns Generally. Any Lender may at any time pledge or assign a security
interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall
release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
 11.9 Confidentiality. 
 11.9.1 General. Each of the
Administrative Agent, the Lenders and the Issuing Lender agrees to maintain the confidentiality of the Information, except that Information may be disclosed (i) to its Affiliates and to its and its Affiliates’ respective partners,
directors, officers, employees, agents, advisors and other 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), (ii) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (iii) to the extent
required by applicable Laws or regulations or by any subpoena or similar legal process, (iv) to any other party hereto, (v) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or
proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (vi) subject to an agreement containing provisions substantially the same as those of this Section, to (A) any assignee
of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (B) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the
Borrowers and their obligations, (vii) with the consent of the Borrowers or (viii) to the extent such Information (Y) becomes publicly available other than as a result of a breach of this Section or (Z) becomes available to the
Administrative Agent, any Lender, the Issuing Lender or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrowers or the other Loan Parties. Any 

  
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Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same
degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 
 11.9.2 Sharing Information With Affiliates of the Lenders. Each Loan Party acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided
to the Borrowers or one or more of their Affiliates (in connection with this Agreement or otherwise) by any Lender or by one or more Subsidiaries or Affiliates of such Lender and each of the Loan Parties hereby authorizes each Lender to share any
information delivered to such Lender by such Loan Party and its Subsidiaries pursuant to this Agreement to any such Subsidiary or Affiliate subject to the provisions of Section 11.9.1 [General]. 

11.10 Obligations Absolute. The obligations of the Borrowers hereunder shall not be discharged or impaired or otherwise diminished
by the failure, default, omission, or delay, willful or otherwise, by any Lender, the Administrative Agent, or any Borrower or any other obligor on any of the Obligations, or by any other act or thing or omission or delay to do any other act or
thing which may or might in any manner or to any extent vary the risk of any Borrower or would otherwise operate as a discharge of any Borrower as a matter of law or equity. Each of the Borrowers agrees that the Obligations will be paid and
performed strictly in accordance with the terms of the Loan Documents. Without limiting the generality of the foregoing, each Borrower hereby consents to, at any time and from time to time, and the joint and several obligations of each Borrower
hereunder shall not be diminished, terminated, or otherwise similarly affected by any of the following: 
 (i)
Any lack of genuineness, legality, validity, enforceability or allowability (in a bankruptcy, insolvency, reorganization or similar proceeding, or otherwise), or any avoidance or subordination, in whole or in part, of any Loan Document or any of the
Obligations and regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of the Obligations, any of the terms of the Loan Documents, or any rights of the Administrative Agent or the Lenders or any other
Person with respect thereto; 
 (ii) Any increase, decrease, or change in the amount, nature, type or purpose of
any of, or any release, surrender, exchange, compromise or settlement of any of the Obligations (whether or not contemplated by the Loan Documents as presently constituted); any change in the time, manner, method, or place of payment or performance
of, or in any other term of, any of the Obligations; any execution or delivery of any additional Loan Documents; or any amendment, modification or supplement to, or refinancing or refunding of, any Loan Document or any of the Obligations;

 (iii) Any failure to assert any breach of or default under any Loan Document or any of the Obligations; any
extensions of credit in excess of the amount committed under or contemplated by the Loan Documents, or in circumstances in which any condition to such extensions of credit has not been satisfied; any other exercise or non-exercise, or any other
failure, omission, breach, default, delay, or wrongful action in connection with any exercise or non-exercise, of any right or remedy against any Borrower or any other Person under or in 

  
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connection with any Loan Document or any of the Obligations; any refusal of payment or performance of any of the Obligations, whether or not with any reservation of rights against any Borrower;
or any application of collections (including but not limited to collections resulting from realization upon any direct or indirect security for the Obligations) to other obligations, if any, not entitled to the benefits of this Agreement, in
preference to Obligations entitled to the benefits of this Agreement, or if any collections are applied to Obligations, any application to particular Obligations; 

(iv) Any taking, exchange, amendment, modification, waiver, supplement, termination, subordination, compromise, release,
surrender, loss, or impairment of, or any failure to protect, perfect, or preserve the value of, or any enforcement of, realization upon, or exercise of rights, or remedies under or in connection with, or any failure, omission, breach, default,
delay, or wrongful action by the Administrative Agent or the Lenders, or any of them, or any other Person in connection with the enforcement of, realization upon, or exercise of rights or remedies under or in connection with, or, any other action or
inaction by the Administrative Agent or the Lenders, or any of them, or any other Person in respect of, any direct or indirect security for any of the Obligations. As used in this Agreement, “direct or indirect security” for the
Obligations, and similar phrases, includes any collateral security, guaranty, suretyship, letter of credit, capital maintenance agreement, put option, subordination agreement, or other right or arrangement of any nature providing direct or indirect
assurance of payment or performance of any of the Obligations, made by or on behalf of any Person; 
 (v) Any
merger, consolidation, liquidation, dissolution, winding-up, charter revocation, or forfeiture, or other change in, restructuring or termination of the corporate structure or existence of, any Borrower or any other Person; any bankruptcy,
insolvency, reorganization or similar proceeding with respect to such Borrower or any other Person; or any action taken or election made by the Administrative Agent or the Lenders, or any of them (including but not limited to any election under
Section 1111(b)(2) of the United States Bankruptcy Code), any Borrower, or any other Person in connection with any such proceeding; 
 (vi) Any defense, setoff, or counterclaim which may at any time be available to or be asserted by any Borrower or any other person with respect to any Loan Document or any of the Obligations; or any
discharge by operation of law or release of any Borrower or any other Person from the performance or observance of any Loan Document or any of the Obligations; or 

(vii) Any other event or circumstance, whether similar or dissimilar to the foregoing, and whether known or unknown, which
might otherwise constitute a defense available to, or limit the liability of, any Borrower, a guarantor or a surety, excepting only full, strict, and indefeasible payment and performance of the Obligations. 

11.11 Joinder. Each Borrower acknowledges, consents, and agrees that new Borrowers or Guarantors may join in this Agreement
pursuant to Section 8.2.9 [Subsidiaries, Partnerships and Joint Ventures] and each Borrower affirms that its obligations shall continue hereunder undiminished. 
 11.12 Waivers, etc. Each of the Borrowers hereby waives any defense to or limitation on its obligations under this Agreement arising out of or based on any event or circumstance

  
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referred to in Section 11.10 [Obligations Absolute] hereof. Without limitation and to the fullest extent permitted by applicable law, each Borrower waives each of the following: 

(i) All notices, disclosures and demand of any nature which otherwise might be required from time to time to preserve
intact any rights against any Borrower, including the following: any notice of any event or circumstance described in Section 11.10 [Obligations Absolute] hereof; any notice required by any law, regulation or order now or hereafter in effect in
any jurisdiction; any notice of nonpayment, nonperformance, dishonor, or protest under any Loan Document or any of the Obligations; any notice of the incurrence of any Obligation; any notice of any default or any failure on the part of any Borrower
or any other Person to comply with any Loan Document or any of the Obligations or any direct or indirect security for any of the Obligations; and any notice of any information pertaining to the business, operations, condition (financial or
otherwise) or prospects of any Borrower or any other Person; 
 (ii) Any right to any marshalling of assets, to
the filing of any claim against any Borrower or any other Person in the event of any bankruptcy, insolvency, reorganization or similar proceeding, or to the exercise against any Borrower or any other Person of any other right or remedy under or in
connection with any Loan Document or any of the Obligations or any direct or indirect security for any of the Obligations; any requirement of promptness or diligence on the part of the Administrative Agent or the Lenders, or any of them, or any
other Person; any requirement to exhaust any remedies under or in connection with, or to mitigate the damages resulting from default under, any Loan Document or any of the Obligations or any direct or indirect security for any of the Obligations;
any benefit of any statute of limitations; and any requirement of acceptance of this Agreement or any other Loan Document, and any requirement that any Borrower receive notice of any such acceptance; 

(iii) Any defense or other right arising by reason of any law now or hereafter in effect in any jurisdiction pertaining to
election of remedies (including but not limited to anti-deficiency laws, “one action” laws or the like), or by reason of any election of remedies or other action or inaction by the Administrative Agent or the Lenders, or any of them
(including but not limited to commencement or completion of any judicial proceeding or nonjudicial sale or other action in respect of collateral security for any of the Obligations), which results in denial or impairment of the right of the
Administrative Agent or the Lenders, or any of them, to seek a deficiency against any Borrower or any other Person or which otherwise discharges or impairs any of the Obligations; and 

(iv) Any and all defenses it may now or hereafter have based on principles of suretyship, impairment of Collateral or the
like. 
 11.13 Joint and Several Liability; Guaranty and Surety Matters. Each of the Borrowers shall be jointly and
severally liable with respect to the Loans and all other Indebtedness of Borrowers (or any one or more of them) to the Lenders arising out of the Loan Documents. Each Borrower guarantees and becomes surety for the full and timely payment, whether by
declaration, acceleration or otherwise, by the other Borrower of each and every obligation and liability (both those now in existence and those that shall hereafter arise, including without limitation all costs and expenses of enforcement and
collection including reasonable attorneys’ fees) of such other Borrower to Lenders. Further each Borrower agrees that the Administrative 

  
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Agent may from time to time or as many times as the Administrative Agent, in its sole discretion, deems appropriate, do any of the following without adversely affecting the validity or
enforceability of this Agreement or any of the Loan Documents (i) release, surrender, exchange, compromise or settle Indebtedness of any of the Borrowers to the Lenders; (ii) change, renew or waive the terms of any note, instrument or
agreement relating to Indebtedness of any of the Borrowers or Lenders, such rights to include the right to change the rate of interest charged to such Borrower; (iii) enter into any agreement of forbearance with respect to Indebtedness of any
of the Borrowers to Lenders; (iv) release, surrender, exchange or compromise any security hold by Administrative Agent for Indebtedness of any of the Borrowers or Lenders; (v) release any person who is a guarantor or surety or has agreed
to purchase Indebtedness of any of the Borrowers to Lenders; and (vi) release, surrender, exchange or compromise any security or lien held by the Administrative Agent for the liabilities of any person who is a guarantor or surety for the
Indebtedness of any of the Borrowers to Lenders. Each of the Borrowers agree that the Administrative Agent may do any of the above as the Administrative Agent deems necessary or advisable, at the Administrative Agent’s sole discretion, and that
each of the Borrowers agree to make full payment immediately when due to be paid to the Lenders, irrespective of whether any one or more of the following events have occurred: (i) Administrative Agent has made any demand on the other Borrower;
(ii) Administrative Agent has taken any action of any nature against any other Borrower; (iii) Administrative Agent has pursued any rights which Administrative Agent has against nay other person who may be liable for Indebtedness of such
Borrower to Lenders; (iv) Administrative Agent holds or has resorted to any security for Indebtedness of such Borrower to Lenders; or (v) Administrative Agent has invoked any other remedies or rights Administrative Agent has available with
respect to Indebtedness of such Borrower to Lenders. Each of the Lenders and the Administrative Agent hereby reserve all rights against each Borrower. 
 11.14 Counterparts; Integration; Effectiveness. 
 11.14.1
Counterparts; Integration; Effectiveness. This Agreement 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. This Agreement and the other Loan Documents, and any separate letter agreements with respect to fees payable to the Administrative Agent, constitute the entire contract among the parties relating to the subject matter
hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof including any prior confidentiality agreements and commitments. Except as provided in Section 7 [Conditions Of
Lending And Issuance Of Letters Of Credit], this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear
the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or e-mail shall be effective as delivery of a manually executed counterpart of this Agreement. 

  
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 11.15 CHOICE OF LAW; SUBMISSION TO JURISDICTION; WAIVER OF VENUE; SERVICE OF PROCESS;
WAIVER OF JURY TRIAL. 
 11.15.1 Governing Law. This Agreement shall be deemed to be a contract under
the Laws of the Commonwealth of Pennsylvania without regard to its conflict of laws principles. Each standby Letter of Credit issued under this Agreement shall be subject either to the rules of the Uniform Customs and Practice for Documentary
Credits, as most recently published by the International Chamber of Commerce (the “ICC”) at the time of issuance (“UCP”) or the rules of the International Standby Practices (ICC Publication Number 590)
(“ISP98”), as determined by the Issuing Lender, and each trade Letter of Credit shall be subject to UCP, and in each case to the extent not inconsistent therewith, the Laws of the Commonwealth of Pennsylvania without regard to is
conflict of laws principles. 
 11.15.2 SUBMISSION TO JURISDICTION. EACH BORROWER AND EACH OTHER LOAN
PARTY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE COMMONWEALTH OF PENNSYLVANIA SITTING IN ALLEGHENY COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE WESTERN
DISTRICT OF PENNSYLVANIA, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN 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 PENNSYLVANIA 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 JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY
OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE ISSUING LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY BORROWER OR ANY OTHER
LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 11.15.3 WAIVER OF VENUE. EACH BORROWER
AND EACH OTHER LOAN PARTY 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 LOAN DOCUMENT IN ANY COURT REFERRED TO IN THIS SECTION 11.15. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE
MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT AND AGREES NOT ASSERT ANY SUCH DEFENSE. 

  
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 11.15.4 SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO
SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 11.5 [NOTICES; EFFECTIVENESS; ELECTRONIC COMMUNICATION]. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY
APPLICABLE LAW. 
 11.15.5 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, ADMINISTRATIVE AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 11.16 USA Patriot Act Notice. Each Lender that is subject to the USA
Patriot Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies Loan Parties that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record information that identifies the
Loan Parties, which information includes the name and address of Loan Parties and other information that will allow such Lender or Administrative Agent, as applicable, to identify the Loan Parties in accordance with the USA Patriot Act. 

11.17 No Novation. THIS AMENDED AND RESTATED CREDIT AGREEMENT REPLACES THE 2002 CREDIT AGREEMENT. THIS AMENDED AND RESTATED CREDIT
AGREEMENT IS NOT INTENDED TO CONSTITUTE, AND DOES NOT CONSTITUTE, A NOVATION OR SATISFACTION OF THE OBLIGATIONS REPRESENTED BY THE 2002 CREDIT AGREEMENT. 
 [SIGNATURE PAGES FOLLOW] 

  
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 SIGNATURE PAGE TO THE 

AMENDED AND RESTATED CREDIT AGREEMENT 
 IN WITNESS WHEREOF, the parties hereto, by their officers thereunto duly authorized, have executed this Agreement as of the day and year first above written. 

 

													
		 		 		 	BORROWERS:
				
		 		 		 	UNITED REFINING COMPANY
							
		 		 		 		 	By:	 	/s/ James E. Murphy	 	(SEAL)
		 		 		 		 	Name:	 	James E. Murphy
		 		 		 		 	Title:	 	Chief Financial Officer, Treasurer
				
		 		 		 	 UNITED REFINING COMPANY OF
 PENNSYLVANIA

							
		 		 		 		 	By:	 	/s/ James E. Murphy	 	(SEAL)
		 		 		 		 	Name:	 	James E. Murphy
		 		 		 		 	Title:	 	Chief Financial Officer, Treasurer
				
		 		 		 	KIANTONE PIPELINE CORPORATION
							
		 		 		 		 	By:	 	/s/ James E. Murphy	 	(SEAL)
		 		 		 		 	Name:	 	James E. Murphy
		 		 		 		 	Title:	 	Chief Financial Officer, Treasurer
				
	ATTEST:	 		 		 	COUNTRY FAIR, INC.
							
	By:	 	/s/ John R. Wagner	 	(SEAL)	 		 	By:	 	/s/ James E. Murphy	 	(SEAL)
	Name:	 	John R. Wagner	 		 	Name:	 	James E. Murphy
	Title:	 	Vice President	 		 	Title:	 	Vice President – Finance, Treasurer

 SIGNATURE PAGE TO THE 

AMENDED AND RESTATED CREDIT AGREEMENT 

 

					
	GUARANTORS:	 	
		
	KWIK-FILL CORPORATION	 	
			
	By:	 	/s/ James E. Murphy	 	(SEAL)
	Name:	 	James E. Murphy
	Title:	 	Chief Financial Officer, Treasurer

 SIGNATURE PAGE TO THE 

AMENDED AND RESTATED CREDIT AGREEMENT 

 

			
	 PNC BANK, NATIONAL ASSOCIATION,
 individually and as Administrative Agent

		
	By:	 	/s/ James M. Steffy
	Name:	 	James M. Steffy
	Title:	 	Vice President

 SIGNATURE PAGE TO THE 

AMENDED AND RESTATED CREDIT AGREEMENT 

 

			
	BANK OF AMERICA, N.A.
		
	By:	 	/s/ James Foley
	Name:	 	James Foley
	Title:	 	Vice President

 SIGNATURE PAGE TO THE 

AMENDED AND RESTATED CREDIT AGREEMENT 

 

			
	MANUFACTURERS AND TRADERS TRUST COMPANY
		
	By:	 	/s/ Jon Werbitsky
	Name:	 	Jon Werbitsky
	Title:	 	Vice President

 SIGNATURE PAGE TO THE 

AMENDED AND RESTATED CREDIT AGREEMENT 

 

			
	BANK LEUMI USA
		
	By:	 	/s/ John Koenigsberg
	Name:	 	John Koenigsberg
	Title:	 	Senior Vice President
		
	By:	 	/s/ Iris Steinhardt
	Name:	 	Iris Steinhardt
	Title:	 	Vice President

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