Document:

EX-10.5

 Exhibit 10.5 

INTERCREDITOR AGREEMENT 

THIS INTERCREDITOR AGREEMENT (this “Agreement”) is entered into as of March 3, 2017 by and among MORGAN STANLEY CAPITAL
GROUP INC., a Delaware corporation (“Morgan Stanley”), NextEra Energy Marketing, LLC, a Delaware limited liability company (“NextEra”), Cargill, Incorporated, a Delaware corporation (“Cargill”), and
Koch Supply & Trading, LP, a Delaware limited partnership (“Koch”, and together with Morgan Stanley, NextEra and Cargill, the “Initial Swap Parties”), any other Person that hereafter becomes a party to this
Agreement as a “Swap Counterparty”, as defined below, GASTAR EXPLORATION INC., a Delaware corporation (“Borrower”), the Guarantors (as defined below), WILMINGTON TRUST, NATIONAL ASSOCIATION (“Wilmington
Trust”), as administrative agent (in such capacity, together with its successor and assigns in such capacity, the “Administrative Agent”) for the Lenders (as defined below) from time to time party to the Credit
Agreement (as defined below), and Wilmington Trust, as collateral agent on behalf of the Secured Parties (as defined below) (in such capacity, together with its successors and assigns in such capacity, the “Collateral
Agent”). 
 RECITALS: 

Borrower, certain of its affiliates from time to time party thereto as guarantors (the “Guarantors”; and together with
the Borrower, the “Loan Parties”), the lenders from time to time party thereto (the “Lenders”) and the Administrative Agent entered into that certain Third Amended and Restated Credit Agreement dated
as of the date hereof (as amended, supplemented, restated or otherwise modified from time to time, the “Credit Agreement”). 

(i) Borrower and Morgan Stanley have entered into that certain ISDA Master Agreement dated as of March 3, 2017, including the schedules,
exhibits and annexes thereto and all confirmations and transactions now or hereafter entered into under such ISDA Master Agreement (in each case, as amended, restated, supplemented, or otherwise modified from time to time, collectively, the
“Morgan Stanley ISDA”), (ii) Borrower and NextEra have entered into that certain ISDA Master Agreement dated as of March 3, 2017, including the schedules, exhibits and annexes thereto and all confirmations and transactions now
or hereafter entered into under such ISDA Master Agreement (in each case, as amended, restated, supplemented, or otherwise modified from time to time, collectively, the “NextEra ISDA”), (iii) Borrower and Cargill have entered into
that certain ISDA Master Agreement dated as of December 10, 2012, including the schedules, exhibits and annexes thereto and all confirmations and transactions now or hereafter entered into under such ISDA Master Agreement (in each case, as
amended, restated, supplemented, or otherwise modified from time to time, collectively, the “Cargill ISDA”) and (iv) Borrower and Koch have entered into that certain ISDA Master Agreement dated as of January 9, 2014,
including the schedules, exhibits and annexes thereto and all confirmations and transactions now or hereafter entered into under such ISDA Master Agreement (in each case, as amended, restated, supplemented, or otherwise modified from time to time,
collectively, the “Koch ISDA”, and together with the Morgan Stanley ISDA, NextEra ISDA and Cargill ISDA, the “Initial Swap Party ISDAs”). 

The Loan Parties have granted to the Collateral Agent, for the benefit of the Administrative Agent, the Collateral Agent, the Lenders and the
Swap Counterparties (collectively, the “Secured Parties”), a Lien (as defined below) on substantially all of their assets, all as more particularly described in the Security Instruments. 

 The Collateral Agent, the Administrative Agent, the Swap Counterparties and the Loan Parties
desire to enter into this Agreement to, among other things, (i) establish the relative priorities of the Lenders and the Swap Counterparties with respect to the Collateral, (ii) agree with respect to which parties can direct the exercise
of certain remedies with respect to the Collateral and (iii) have the Secured Parties appoint the Collateral Agent to serve, and have the Collateral Agent agree to serve, as Collateral Agent for the Secured Parties under the Security
Instruments (defined below) for the purposes of the holding of and the enforcement of Liens created by and existing under the Security Instruments to secure the Loan Obligations and the Swap Obligations, the apportioning of Proceeds (defined below)
between the Administrative Agent (on behalf of itself and the Lenders), on the one hand, and Swap Counterparties, on the other hand, and for the other purposes set forth herein. 

AGREEMENTS: 
 In
consideration of the mutual covenants and promises of this Agreement, and for other consideration, the receipt and adequacy of which are hereby acknowledged, Borrower, Swap Counterparties, the Administrative Agent and the Collateral Agent agree as
follows: 
 1.    (a) Definitions. As used in this Agreement, 

Approved ISDA means (a) the Initial Swap Party ISDAs and (b) any other ISDA Master Agreement, including any Schedules and
Annexes thereto, between Borrower and any other Swap Counterparty that has become a party hereto in accordance with Section 28. 

Bankruptcy Code means Title 11 of the United States Code. 

Blocking Period has the meaning assigned to such term in Section 4 below. 

Business Day means any day other than a Saturday, Sunday or other day in which banking institutions in Houston, Texas or New York, New
York are authorized or obligated by law or executive order to close. 
 Cargill has the meaning assigned to such term in the
preamble. 
 Cargill ISDA has the meaning assigned to such term in the Recitals. 

Collateral means, all personal, real and mixed property of the Loan Parties and Rights thereto described in and subject to a Lien under
the Security Instruments. 
 Credit Agreement Secured Parties means the Secured Parties, other than the Swap Counterparties. 

Creditors means, collectively, the Administrative Agent (on behalf of the Credit Agreement Secured Parties) and the Swap
Counterparties. 

  
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 Debtor Relief Law means the Bankruptcy Code and any similar federal, state or foreign law
for the relief of debtors. 
 Discharge of Credit Facility Obligations means the occurrence of all of the following:
(i) termination of all commitments to extend credit that would constitute Loan Obligations and (ii) payment in full in cash of all Loan Obligations (other than contingent indemnification obligations for which no claim has been asserted).

 Discharge of Swap Obligations means the occurrence of all of the following: (i) termination of all Swap Documents (other than
with respect to contingent indemnification obligations for which no claim has been asserted) and (ii) payment in full in cash of all Swap Obligations. 

Early Termination Event means, with respect to any Swap Document, the occurrence of an event of default or a termination event that
results in the termination of all transactions or all affected transactions under such Swap Document. 
 Excess Priority Lien
Obligations has the meaning assigned to such term in the First Lien/Second Lien Intercreditor Agreement. 
 First Lien/Second Lien
Intercreditor Agreement means that certain Intercreditor Agreement, dated as of the date hereof, between, Wilmington Trust, in its capacity as “First Priority Agent” thereunder, Wilmington Trust, in its capacity as “Second Lien
Agent” thereunder, and acknowledged and agreed to by the Loan Parties. 
 Governmental Authority means the government of the
United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial,
taxing, regulatory or administrative powers or functions of or pertaining to government over any Loan Party or any of its properties. 

Hydrocarbons means collectively, oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate and all other liquid
or gaseous hydrocarbons and related minerals and all products therefrom, in each case whether in a natural or a processed state. 

Indemnified Liabilities means any and all liabilities (including all environmental liabilities), obligations, losses, damages,
penalties, claims, actions, judgments, suits, costs, taxes, expenses or disbursements of any kind or nature whatsoever, whether direct, indirect or consequential and whether based on any federal, state or foreign laws, statutes, rules or regulations
(including securities and commercial laws, statutes, rules or regulations and environmental laws), on common law or equitable cause or on contract or otherwise, that may be imposed on, incurred by, or asserted against any Indemnitee, in any manner
relating to or arising out of the execution, delivery, performance, administration or enforcement of this Agreement or any Security Instrument, any Loan Document or any Swap Document, including any of the foregoing relating to the violation of,
noncompliance with or liability under, any law (including environmental laws) applicable to or enforceable against any Loan Party or any of its affiliates or any of the Collateral and all reasonable costs and expenses (including reasonable fees and
expenses of legal counsel selected by any Indemnitee) incurred by any Indemnitee in connection with any claim, action, investigation or proceeding in any respect relating to any of the foregoing, whether or not suit is brought. 

  
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 Indemnitee has the meaning assigned to such term in Section 19. 

Insolvency or Liquidation Proceeding means: 

(a)    any case commenced by or against any Loan Party or any of its subsidiaries under Debtor Relief Law, any other
proceeding for the reorganization, arrangement, recapitalization or adjustment or marshalling of the assets or liabilities of any Loan Party or any of its subsidiaries, any receivership or assignment for the benefit of creditors relating to any Loan
Party or any of its subsidiaries or any similar case or proceeding relative to any Loan Party or any of its subsidiaries or its creditors, as such, in each case whether or not voluntary; 

(b)    any liquidation, dissolution, marshalling of assets or liabilities or other winding up of or relating to any Loan
Party or any of its subsidiaries, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency; or 

(c)    any other proceeding of any type or nature in which substantially all claims of creditors of any Loan Party or any
of its subsidiaries are determined and any payment or distribution is or may be made on account of such claims. 
 Joinder Supplement
means a supplement to this Agreement in the form of Exhibit A hereto, providing for a Person to become a Swap Counterparty under this Agreement. 

Koch has the meaning assigned to such term in the preamble. 

Koch ISDA has the meaning assigned to such term in the Recitals. 

Lien has the meaning assigned to such term in the Credit Agreement. 

Loan Documents has the meaning assigned to such term in the Credit Agreement and includes the Security Instruments. 

Loan Obligations means (a) the “Obligations” as defined in the Credit Agreement, and (b) all other amounts due
under the Loan Documents, in each case whether now existing or hereafter incurred, whether direct, indirect, fixed, contingent, liquidated, unliquidated, joint, several, or joint and several, now or hereafter existing, due or to become due whether
evidenced in writing or not, together with all costs, expenses, and attorneys’ fees incurred in the enforcement or collection thereof, and including, but not limited to, interest thereon after the commencement of any proceedings under any
Debtor Relief Laws. 
 Majority Lenders has the meaning assigned to such term in the Credit Agreement. 

Master Assignment means the Master Reaffirmation and Assignment and Assumption and Assumption of Liens and Security Interests, dated as
of the date hereof, among Borrower, Wells Fargo Bank National Association, as resigning agent, the Administrative Agent, the Collateral Agent and Ares Management LLC. 

  
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 Morgan Stanley has the meaning assigned to such term in the preamble. 

Morgan Stanley ISDA has the meaning assigned to such term in the Recitals. 

NextEra has the meaning assigned to such term in the preamble. 

NextEra ISDA has the meaning assigned to such term in the Recitals. 

Officers’ Certificate means a certificate with respect to compliance with a condition or covenant provided for in this Agreement,
signed on behalf of the Borrower by two officers of the Borrower, one of whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Borrower, including: 

(a)    a statement that the Person making such certificate has read such covenant or condition; 

(b)    a brief statement as to the nature and scope of the examination or investigation upon which the statements or
opinions contained in such certificate are based; 
 (c)    a statement that, in the opinion of such Person, he or she
has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 

(d)    a statement as to whether or not, in the opinion of such Person, such condition or covenant has been satisfied.

 Outstanding Amount means 

(a)    with respect to the Loan Obligations, the Loan Obligations due and payable; 

(b)    with respect to Swap Obligations, (i) prior to the Discharge of Credit Facility Obligations, the amount of all
Swap Obligations then due and owing to each Swap Counterparty under the Swap Documents governing such Swap Obligations, regardless of whether an Early Termination Event under such Swap Documents has occurred, or (ii) after the Discharge of
Credit Facility Obligations, (x) at any time prior to the occurrence of an Early Termination Event under such Swap Documents, at the applicable Swap Counterparty’s election, either (A) the amount of all Swap Obligations that would be
payable to such Swap Counterparty under such Swap Documents if there occurred at such time an Early Termination Event under such Swap Documents, or (B) the
mark-to-market valuation, in either case as determined by such Swap Counterparty, or (y) at any time from and after the occurrence of an Early Termination Event
under the Swap Documents governing such Swap Obligations, the amount of all Swap Obligations then due and owing to such Swap Counterparty under such Swap Documents; and 

(c)    with respect to the Total Obligations, the sum of clause (a) and clause (b) above. 

Person means any individual, general partnership, limited partnership, corporation, limited liability company, business trust, joint
stock company, trust, unincorporated association, joint venture, syndicate, Governmental Authority or other entity or organization. 

  
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 Principal Agreements means the Loan Documents and the Swap Documents, collectively. 

Proceeds includes any and all proceeds from any sale, exchange, destruction, condemnation, foreclosure, liquidation or other
disposition of any of the Collateral, including, but not limited to, under any Debtor Relief Law; provided, however, prior to the occurrence of a Triggering Event, such term will not include sales of any Hydrocarbons produced from or
attributable to the Collateral in the ordinary course of the Borrower’s business or sales of other Collateral permitted under the Loan Documents. 

Ratably or Ratable means, with respect to any amount to be allocated between the Administrative Agent (on behalf of the Credit
Agreement Secured Parties) and the Swap Counterparties at any time, the allocation of a portion of such amount to (a) the Administrative Agent such that the ratio that the amount allocated to the Administrative Agent bears to the total amount
to be so allocated equals the ratio of the Loan Obligations to the Total Obligations at such time and (b) Swap Counterparties such that the ratio that the amount allocated to Swap Counterparties bears to the total amount to be so allocated
equals the ratio of the Swap Obligations to the Total Obligations at such time (and with such amount allocated to each individual Swap Counterparty under this clause (b) being equal to its Swap Counterparty Ratable Share of such amount). 

Related Parties means, with respect to any Person, such Person’s affiliates and the partners, directors, officers, employees,
agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s affiliates. 
 Right or
Rights means rights, remedies, powers, privileges and benefits. 
 Security Instruments means the “Security Documents”
as defined in the Credit Agreement, the Master Assignment and Article VII of the Credit Agreement, and includes, without limitation, those documents listed in Schedule 1 attached hereto and incorporated herein by this reference. 

Swap Counterparties means the Initial Swap Parties and each other Person that (x) is acceptable to the Majority Lenders as a
“Qualified Counterparty” under the Credit Agreement as evidenced by their written consent and (y) executes and delivers a Joinder Supplement to the Collateral Agent as provided in Section 28. 

Swap Counterparty Ratable Share means, with respect to the portion of the Swap Counterparties’ Ratable share of any amount to be
allocated to an individual Swap Counterparty at any time, a percentage equal to a fraction, the numerator of which is the amount of Swap Obligations owing to such Swap Counterparty at such time and the denominator of which is the Total Swap
Obligations at such time. 
 Swap Documents means each Approved ISDA, including, but not limited to, each relevant confirmation of
transaction thereunder. 
 Swap Obligations means, with respect to each Swap Counterparty, all amounts owed or to become owing by
Borrower to such Swap Counterparty under any Swap Document, whether 

  
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direct, indirect, fixed, contingent, liquidated, unliquidated, joint, several or joint and several, together with all costs, expenses and attorneys’ fees incurred in the enforcement or
collection thereof, and interest thereon after the commencement of any proceedings under any Debtor Relief Laws; provided, that prior to the Discharge of Credit Facility Obligations, Swap Obligations with respect to each Swap Counterparty shall be
net of amounts owed by such Swap Counterparty to the Borrower under the applicable Swap Documents to the extent such amounts are permitted to be netted under the applicable Swap Documents or law. 

Total Obligations means, as of any date of determination, an amount equal to the sum of (a) the aggregate Loan Obligations at such
date plus (b) the aggregate Swap Obligations at such date. 
 Total Swap Obligations means, as of any date of
determination, an amount equal to the aggregate Swap Obligations at such date. 
 Triggering Event shall mean any of the following:

 (a)    The Collateral Agent shall have received from any Swap Counterparty written notice that (i) either an
event of default or a termination event has occurred and is continuing under one or more of the Swap Documents to which such Swap Counterparty is a party, (ii) an early termination date has been designated as a result thereof,
(iii) specifies the sum of all unpaid amounts and settlement payments then due to such Swap Counterparty as the result of the designation of such early termination date and the amount of interest and other amounts then due and payable by
Borrower in respect thereof, and (iv) the amount set forth in clause (iii) has not been paid in full or discharged to the satisfaction of such Swap Counterparty; or 

(b)    Each Swap Counterparty or Borrower shall have received from the Administrative Agent written notice that
(i) an Event of Default (as defined in the Credit Agreement) has occurred and is continuing and (ii) the unpaid principal amount of the Loans and other Loan Obligations under the Credit Agreement have been declared to be then due and
payable. 
 UCC means the Uniform Commercial Code as adopted and in effect in the State of New York from time to time, or, when the
laws of any other jurisdiction govern the perfection or priority of any Lien, the Uniform Commercial Code of such jurisdiction. 

(b)    Rules of Interpretation. (i) Unless otherwise indicated, any reference to any agreement or instrument will
be deemed to include a reference to that agreement or instrument as assigned, amended, supplemented, amended and restated, or otherwise modified and in effect from time to time or replaced in accordance with the terms of this Agreement. 

(ii)    The use in this Agreement of the word “include” or “including,” when following any general
statement, term or matter, will not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not nonlimiting language (such as
“without limitation” or “but not limited to” or words of similar import) is used with reference thereto, but will be deemed to refer to all other items or matters that fall within the broadest possible scope of such general
statement, term or matter. The word “will” shall be construed to have the same meaning and effect as the word “shall.” 

  
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 (iii)    References to “Sections,” “clauses,”
“recitals” and the “preamble” will be to Sections, clauses, recitals and the preamble, respectively, of this Agreement unless otherwise specifically provided. 

(iv)    This Agreement and the other Security Instruments will be construed without regard to the identity of the party
who drafted it and as though the parties participated equally in drafting it. Consequently, each of the parties acknowledges and agrees that any rule of construction that a document is to be construed against the drafting party will not be
applicable either to this Agreement or to the other Security Instruments. 
 2.    Obligations and Liens
Pari Passu. 
 (a)    Subject to the other terms and conditions of this Agreement, the Loan Obligations
and the Swap Obligations shall be pari passu and the Loan Obligations and Swap Obligations shall be secured, Ratably, by the Liens granted to or for the benefit of Collateral Agent under the Security Instruments (after giving effect to any
applicable amendments to any of the Security Instruments as provided for below in this Section 2). 

(b)    Contemporaneously with the execution of this Agreement, the Loan Parties, the Lenders and the Administrative Agent
have executed: (i) the Credit Agreement which (A) permits the Loan Parties to grant a first priority Lien on their assets to secure obligations owing to Qualified Counterparties under Swap Agreements and the Loan Obligations, and
(B) acknowledges and agrees that any first priority Lien granted to Collateral Agent by any Loan Party to secure the Loan Obligations, shall be held by Collateral Agent for the Ratable benefit of the Swap Counterparties, to secure the Swap
Obligations on a pari passu basis with the Loan Obligations; and (ii) Security Instruments causing any Lien granted to or for the benefit of Collateral Agent under such Security Instruments to secure, Ratably, the Loan Obligations and
the Swap Obligations. 
 (c)    Each Swap Counterparty agrees that, without the prior written consent of Administrative
Agent, it will not seek or accept credit support for any Swap Obligation other than its Rights under the Security Instruments. Notwithstanding the preceding sentence, to the extent that any Swap Counterparty, with the written consent of the
Administrative Agent, hereafter obtains any Lien on assets of any Loan Party to secure all or any portion of the Swap Obligations owing to such Swap Counterparty, the Lien held by the Collateral Agent on such assets to secure the Loan Obligations
shall be pari passu with any Lien now or hereafter existing in favor of such Swap Counterparty to secure all or any part of the Swap Obligations, notwithstanding (i) the date, manner or order of any grant, attachment or perfection of any
such Lien, (ii) any provision of the UCC, other applicable law, the Loan Documents or the Swap Documents or (iii) any manner of enforcement of any Lien or other Rights. Similarly, the parties hereto agree that to the extent any Lender
hereafter obtains any Lien on assets of Loan Parties to secure all or any portion of the Loan Obligations, the Lien held by such Lender on such assets shall secure the Loan Obligations and the Swap Obligations and shall be pari passu with any Lien
now or hereafter existing in favor of, or for the benefit of, any Swap Counterparty to secure 

  
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 all or any part of the Swap Obligations, notwithstanding (i) the date, manner or order of any grant,
attachment or perfection of any such Lien, (ii) any provision of the UCC, other applicable law, the Loan Documents or any Swap Documents or any manner of enforcement of any Lien or other Rights. 

(d)    The parties hereto agree that, upon execution of the Credit Agreement, the Security Instruments and this Agreement,
(i) any Lien under any Security Instrument securing, Ratably, the Loan Obligations and the Swap Obligations shall be permitted under the Credit Agreement and (ii) Swap Counterparties will become a beneficiary of any Lien granted to
Collateral Agent pursuant to any Security Instrument. 
 (e)    The Administrative Agent (on behalf of the Lenders)
consents to Borrower entering into the Approved ISDAs and agrees that each Approved ISDA is a Swap Agreement permitted under the terms of the Credit Agreement, that the Initial Swap Parties are Qualified Counterparties (as defined in the Credit
Agreement), and that this Agreement is the Swap Intercreditor Agreement (as defined in the Credit Agreement). Each Swap Counterparty and the Administrative Agent (on behalf of the Lenders) acknowledge and agree that, upon execution of the Credit
Agreement, the Security Instruments and this Agreement, such Swap Counterparty will become a secured party under the Security Instruments. 

(f)    The amounts payable by the Loan Parties to the Credit Agreement Secured Parties under the Loan Documents and the
amounts payable by the Loan Parties to the Swap Counterparties under the Swap Documents shall be separate and independent debts, and each Secured Party shall be entitled to enforce any right arising out of the applicable Principal Agreement to which
it is a party, subject to the terms thereof and of this Agreement. Each Secured Party hereby agrees that no Secured Party (whether as the mortgagee or the secured party, as the case may be, under the Security Instruments) other than the Collateral
Agent shall have any right individually to realize upon any Liens granted under the Security Instruments, it being understood and agreed that such remedies may be exercised only by Collateral Agent (as the mortgagee or the secured party, as the case
may be, under the Security Instruments) for the Ratable benefit of the Secured Parties. 
 (g)    Each Creditor agrees:
(i) to deliver to the other Creditors, at the same time it makes delivery to Borrower, a copy of any notice of default, notice of intent to accelerate or notice of acceleration with respect to any of the Loan Obligations or the Swap
Obligations, as applicable, subject to this Agreement and (ii) to deliver to the other Creditors, at the same time it makes delivery to any Loan Party, a copy of any notice of the commencement of any judicial proceeding by such Creditor and a
copy of any other notice with respect to the exercise of remedies with respect to any of the Loan Obligations or the Swap Obligations, as applicable, subject to this Agreement. Any failure by a Creditor to furnish a copy under this Section 2(g)
shall not limit or affect the rights and obligations of such Creditor hereunder. 
 (h)    Each of the Swap
Counterparties and the Administrative Agent hereby agrees that it shall endeavor to furnish Borrower with a copy of any notice provided or received, as applicable, by it which notice would, pursuant to clause (a) (in the case of the Swap
Counterparties) or clause (b) (in the case of the Administrative Agent) of the definition of Triggering Event in Section 1 above, establish a Triggering Event. Each of Borrower and the 

  
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 Administrative Agent hereby agrees that it shall endeavor to furnish Swap Counterparties with a copy of any
notice received or provided, as applicable, by it which notice would, pursuant to clause (b) of the definition of Triggering Event in Section 1 above, establish a Triggering Event. 

(i)    The Administrative Agent, the Collateral Agent and the Lenders may enter into any amendment, modification or
supplement to the Credit Agreement or any Loan Document, and termination of any thereof, or any waiver or consent under any thereof, and any such amendment, modification, supplement, termination, waiver or consent shall be deemed accepted by the
Swap Counterparties and the Borrower; provided, however, the written consent of the Swap Counterparties (which consent will not be withheld, conditioned or delayed unreasonably) shall be required in connection with any such amendment,
modification supplement, termination, waiver, or consent if the effect of such amendment, modification, supplement, termination, waiver, or consent would be to: 

(i)     change the definition of “Qualified Counterparty”, “Secured Obligations”,
“Secured Parties”, “Security Document” or “Swap Intercreditor Agreement” under the Credit Agreement or change Section 10.02(b)(vii) in any manner adverse to any Swap Counterparty in any material respects or which would
reduce or diminish materially the benefits of the security provided for in the Security Instruments; 

(ii)    provide for any of the Swap Obligations to cease to be secured by the Security Instruments; 

(iii)    cause the Security Instruments to secure obligations other than the Loan Obligations and Swap
Obligations; 
 (iv)    change the priority of or subordinate the Liens created thereby; 

(v)    materially reduce or materially limit the Rights of the Collateral Agent or any Swap Counterparty
provided for therein in any respects; or 
 (vi)    cause the Swap Obligations owed under any Swap
Document to cease (A) to be secured on a first lien, pari passu basis with the Loan Obligations with respect to the Collateral or (B) to be guaranteed on a pari passu basis with the Loan Obligations 

(each of the foregoing, a “Required Consent”). Any such amendment made without such consent shall be null and void. The Collateral Agent may
not release any Collateral under any of the Security Instruments, except as provided in Section 2(j); provided, further, however, that (i) any amendment or supplement that has the effect solely of adding or maintaining
Collateral, or preserving, perfecting or establishing the priority of the Collateral Agent’s Liens or the rights of the Collateral Agent therein will become effective when executed and delivered by the Borrower and the Collateral Agent and
(ii) any amendment or supplement to the provisions of the Security Instruments that effects a release of Collateral will be effective only if the release is effective under Section 2(j). 

  
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 (j)    The Collateral Agent will not release any Lien of the Collateral Agent
or consent to the release of any Lien of the Collateral Agent, except: 
 (i)    Following its receipt of
an Officers’ Certificate to the effect that the release was permitted by each of the Loan Documents and the Swap Documents (it being agreed by each Swap Counterparty and the Administrative Agent that the Collateral Agent may conclusively rely
on any such Officer’s Certificate provided by the Borrower to the Collateral Agent as evidence that such release is in fact permitted under the Loan Documents and Swap Documents); 

(ii)    upon written consent of the Administrative Agent and each Swap Counterparty, accompanied by an
Officers’ Certificate to the effect that (A) a Discharge of Loan Obligations has occurred and a Discharge of Swap Obligations has occurred and (B) the release was permitted by each of the Loan Document and Swap Documents; or 

(iii)    as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court
of competent jurisdiction. 
 If in the case of any release of Collateral the value of which exceeds ten percent (10%) of the aggregate value of all the
Collateral before giving effect to such proposed release (such calculation to be determined in good faith by Borrower), Borrower shall provide notice to each Swap Counterparty of such release at least 5 Business Days prior to such release; provided,
however that Borrower’s failure to provide such notice will not affect the validity of the release. 
 (k)    The
Collateral Agent will not subordinate any Lien of the Collateral Agent or consent to the subordination of any Lien of the Collateral Agent, except: 

(i)    as directed in writing by the Administrate Agent and each Swap Counterparty, accompanied by an
Officers’ Certificate to the effect that the subordination was permitted by or waived pursuant to each of the Loan Documents and the Swap Documents; or 

(ii)    as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court
of competent jurisdiction. 
 (l)    Borrower hereby agrees to provide written notice to Swap Counterparties no less
than three days prior to execution of any amendment, modification or supplement to the Credit Agreement or any Security Instrument, any termination of any thereof, or any waiver or consent under any thereof, including with such notice a copy of the
proposed amendment, modification, supplement, termination, waiver, or consent, if such amendment, modification, supplement, termination, waiver, or consent constitutes a Required Consent. Borrower hereby agrees to provide written notice to each Swap
Counterparty no less than seven days prior to the earliest to occur of (i) the date of (A) signing or (B) closing of any replacement financing or any refinancing of the Credit Agreement, or (ii) the date of any payment in full
and retirement of the Credit Agreement, including with such notice a copy of the proposed replacement financing, refinancing or retirement of the Credit Agreement, as applicable. 

(m)    Each of the Creditors and Collateral Agent agrees that it shall not (and hereby waives any right to) contest or
support any other Person in contesting, in any proceeding (including, but not limited to, any proceeding under a Debtor Relief Law), the priority, validity or enforceability of a Lien held by or for the benefit of the Creditors in any Collateral;
provided that nothing in this Agreement shall be construed to prevent or impair the rights of any such party to enforce this Agreement as provided herein. 

  
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 (n)    Borrower hereby agrees that Swap Counterparties may provide to
Administrative Agent and Collateral Agent, and each Swap Counterparty hereby agrees to provide to Administrative Agent and Collateral Agent, within two Business Days following receipt of a written request therefor from Collateral Agent or
Administrative Agent, (i) a report of the marked-to-market positions of any or all of the transactions in effect from time to time under the Swap Documents, and
(ii) a copy of any trade confirmation pursuant to an applicable Approved ISDA not previously provided to Administrative Agent and Collateral Agent. Any unintentional failure by a party hereto to timely furnish information required by this
clause (n) shall not limit or affect the parties’ rights and obligations hereunder. 
 3.    Appointment of
Wilmington Trust as Collateral Agent. The Administrative Agent (on behalf of the Credit Agreement Secured Parties) and each Swap Counterparty hereby each appoints Wilmington Trust to (a) act as Collateral Agent, in its name and on its
behalf, in and under the Security Instruments, (b) be the beneficiary of the guarantees provided under Article VII of the Credit Agreement and hold the Liens on the Collateral, with power of sale, in its name for the benefit and security of
Credit Agreement Secured Parties and Swap Counterparties, in each case for enforcement and payment of the Loan Obligations and the Swap Obligations, respectively, (c) take such action on behalf of the Credit Agreement Secured Parties and Swap
Counterparties under the terms and provisions of the Security Instruments and to exercise such rights and remedies under the Security Instruments as are specifically delegated to or required of the Collateral Agent, under the terms and provisions of
this Agreement and (d) to act as its agent under the First Lien/Second Lien Intercreditor Agreement as the “First Priority Agent” thereunder (as such term is defined in the First Lien/Second Intercreditor Agreement). 

Subject to the terms hereof, the Collateral Agent agrees to administer and enforce this Agreement and the Security Instruments to which it is
a party as Collateral Agent, and to foreclose upon, collect and dispose of the Collateral and to apply the Proceeds therefrom, for the benefit of the Secured Parties, as provided herein, and otherwise to perform its duties and obligations as the
Collateral Agent hereunder in accordance with the terms hereof; provided, however, that the Collateral Agent shall have no duties or responsibilities except those expressly set forth herein or in the Security Instruments to which it is
a party as Collateral Agent, and no implied covenants or obligations shall be read into any such Security Instruments against the Collateral Agent. 

It is understood and agreed that the use of the term “agent” herein or in any other Security Instruments (or any other similar term)
with reference to the Collateral Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended to
create or reflect only an administrative relationship between contracting parties. 
 4.    Collateral Agent’s
Authority. 
 (a)    Upon the occurrence and during the continuance of any Triggering Event, both before and during
an Insolvency or Liquidation Proceeding, Collateral Agent shall act, or 

  
 12 

 decline to act, as directed in writing by the Controlling Party, in the exercise and enforcement of the
Collateral Agent’s interests, rights, powers and remedies in respect of the Collateral or under the Security Instruments or applicable law and, following the initiation of such exercise of remedies, the Collateral Agent will act, or decline to
act, with respect to the manner of such exercise of remedies as directed in writing by the Controlling Party. For purposes hereof, the “Controlling Party” shall be (i) the Administrative Agent, if the Loan Obligations
constitute a majority of the Total Obligations and (ii) if the Swap Obligations constitute a majority of the Total Obligations, the Swap Counterparties holding the majority of the Swap Obligations; provided that for purposes of determining
whether the Loan Obligations or the Swap Obligations constitute a majority of the Total Obligations under this Section 4(a), the Loan Obligations, Swap Obligations and Total Obligations shall be calculated in accordance with their respective
Outstanding Amounts. 
 (b)    [Reserved]. 

(c)    Notwithstanding anything to the contrary contained in this Agreement, the Collateral Agent will not commence any
exercise of remedies or any foreclosure actions or otherwise take any action or proceeding against any of the Collateral (other than actions as necessary to prove, protect or preserve the Liens securing the Total Obligations) unless and until it
receives written notice from the Controlling Party stating that a Triggering Event has occurred and is continuing and directing the Collateral Agent to exercise remedies against the Collateral, and thereafter the Collateral Agent will be required to
act only if such notice is not withdrawn in writing by the Controlling Party and only in accordance with the other provisions of this Agreement. 

(d)    If the Collateral Agent at any time receives from the Controlling Party written notice that a Triggering Event has
occurred and is continuing, the Collateral Agent will act, or decline to act, as directed by the Controlling Party, in the exercise and enforcement of the Collateral Agent’s interests, rights, powers and remedies in respect of the Collateral or
under the Security Instruments or applicable law and, following the initiation of such exercise of remedies, the Collateral Agent will act, or decline to act, with respect to the manner of such exercise of remedies as directed by the Controlling
Party. Unless it has been directed to the contrary in writing by the Controlling Party, the Collateral Agent in any event may (but will not be obligated to) take or refrain from taking such action with respect to any Triggering Event as it may deem
advisable and in the best interest of the holders of Total Obligations. 
 (e)    Notwithstanding anything to the
contrary contained herein or in any other Security Instruments, the Collateral Agent shall only comply with written instructions or directions from the Controlling Party with respect to the exercise and enforcement of the Collateral Agent’s
interests, rights, powers and remedies in respect of the Collateral or under the Security Instruments and shall not comply with any such instructions or directions received from any other Person (including any other Secured Party or any other actual
or alleged third party beneficiary of this Agreement or the Security Instruments). 
 (f)    Notwithstanding anything to
the contrary contained herein or in any Security Instrument, (i) the Collateral Agent shall for all purposes of this Agreement be entitled to rely (without any independent verification) on a certification from the Administrative Agent in 

  
 13 

 
determining the Outstanding Amount of Loan Obligations and (ii) the Collateral Agent shall for all purposes of this Agreement be entitled to rely (without any independent verification) on a
certification from each Swap Counterparty in determining the Outstanding Amount of Swap Obligations owing to such Swap Counterparty. Promptly following the occurrence and during the continuation of any Triggering Event (and in any event prior to
Collateral Agent being required to take any action pursuant to Section 4(a)) and at any time promptly following its request therefor, (i) the Administrative Agent shall certify in writing to the Collateral Agent the Outstanding Amount of Loan
Obligations and (ii) each Swap Counterparty shall certify in writing to the Collateral Agent the Outstanding Amount of Swap Obligations held by it. In the event the Administrative Agent or a Swap Counterparty fails to provide such certification
within ten (10) Business Days after request from the Collateral Agent, the Collateral Agent may conclusively assume that, for purposes of determining the Controlling Party only, the Outstanding Amount of the Loan Obligations or Swap
Obligations, as applicable, held by the applicable Creditor failing to provide such certification shall be equal to zero ($0). 

(g)    For so long as any Triggering Event is continuing, any payments received by the Administrative Agent or the Lenders
under the Credit Agreement and any payments received by Swap Counterparties under any Approved ISDA will be held for the Ratable benefit of the Creditors until such time that such Triggering Event is no longer continuing or that Collateral Agent is
exercising remedies under the Security Instruments (including, but not limited to, the foreclosure of Liens) and distributing the Proceeds from such remedies Ratably to the Creditors under Section 5(b) of this Agreement (“Blocking
Period”). All funds received in any deposit account of Borrower subject to an account control agreement during such Blocking Period for the benefit of the Administrative Agent and the Lenders shall be maintained in such deposit account and
held for the Ratable benefit of the Creditors until disbursed in accordance with Section 5 of this Agreement. 

(h)    If a Triggering Event of the type referred to in clause (b) of the definition of Triggering Event shall have
occurred and is continuing, at the request of the Administrative Agent, Borrower shall (subject to Swap Counterparties’ netting and setoff rights) be deemed to have requested that Swap Counterparties, and Swap Counterparties may,
notwithstanding the existence of the Blocking Period, make payments of any amounts due and owing from such Swap Counterparty to Borrower under the Swap Documents to the Collateral Agent to be distributed in accordance with Section 5(b). 

5.    Proceeds. 

(a)    The Secured Parties hereby agree among themselves that (i) prior to the occurrence and continuance of a
Triggering Event, each Secured Party shall be entitled to receive and retain for its own account, and shall never be required to disgorge to the Collateral Agent or any other Secured Party or acquire direct or participating interests in the Loan
Obligations or the Swap Obligations owing to such Secured Party, scheduled payments or voluntary prepayments, payments of principal, interest, fees, settlement payments and any other payments in respect of the Principal Agreements, all in compliance
with the terms thereof, and (ii) after the occurrence and during the continuance of a Triggering Event (and during the Blocking Period), all such amounts (other than any netting or setoff rights, which are acknowledged to be for the sole
benefit of the relevant Swap Counterparty, notwithstanding Sections 4 and 5 hereof) shall be treated as if constituting Proceeds and shall be shared by the Creditors Ratably and in accordance with this Section 5. 

  
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 (b)    After the occurrence and during the continuance of a Triggering Event,
all Proceeds received by any Secured Party shall be applied in accordance with this Section 5. If any Secured Party (including the Collateral Agent) shall obtain or receive any amount or payment in respect of Total Obligations owed to such
Secured Party other than in accordance with this Section 5, such Secured Party shall notify each Creditor and the Collateral Agent thereof and shall promptly pay (in the case of the Collateral Agent, to the extent in its possession) such amount
(less any reasonable costs and expenses incurred by such Secured Party in obtaining such amount) to the Collateral Agent for the account of the Secured Parties, to be shared in accordance with Section 5(c). 

(c)    After the occurrence and during the continuance of a Triggering Event, all Proceeds received by Collateral Agent
shall be applied in the following order (it being agreed that the Collateral Agent shall, within a commercially reasonable time following the receipt thereof, distribute to each of the Administrative Agent and Swap Counterparties its Ratable share
of all Proceeds in the following order of priority; provided that such Proceeds shall not be so applied until such time as the amount of the Total Obligations and the applicable breakdown of such Total Obligations owed to the Administrative
Agent and each Swap Counterparty has been determined in accordance with the terms hereof and under the terms of the relevant Loan Documents or Swap Documents, as applicable, including and subject to Section 5(d) below): 

First, to the payment of all amounts payable under this Agreement, the Fee Letter (as defined in the Credit Agreement)
or any of the Security Instruments on account of the Collateral Agent’s fees and any reasonable fees, costs and expenses (including, without limitation, reasonable fees and expenses of counsel to the Collateral Agent) or other liabilities of
any kind incurred by, or indemnities in favor of, the Collateral Agent or any co-trustee, custodian or agent of the Collateral Agent in connection with this Agreement or any Security Instrument or the
Collateral Agent performing its obligations hereunder or thereunder; 
 Second, Ratably to the Administrative Agent
and each Swap Counterparty (but excluding for purposes of this determination outstanding Loan Obligations constituting Excess Priority Lien Obligations), respectively, until the Total Obligations then owing (other than Loan Obligations constituting
Excess Priority Lien Obligations) are fully satisfied; 
 Third, to the Administrative Agent in satisfaction of any
Loan Obligations constituting Excess Priority Lien Obligations and any other indebtedness of the Loan Parties, other than the Loan Obligations or the Swap Obligations, secured by the Security Instruments; and 

Fourth, to the extent that any Proceeds remain after the full and indefeasible payment of all of the amounts described
in the preceding paragraphs, to Borrower or as a court of competent jurisdiction may direct. 

  
 15 

 In connection with the application of Proceeds pursuant to this Section 5(c), except as otherwise directed
in writing by the Controlling Party, the Collateral Agent may sell any non-cash proceeds for cash prior to the application of the proceeds thereof in accordance with the UCC. 

(d)    Upon receipt of any of the Proceeds referred to in Section 5(c), the Collateral Agent shall promptly provide notice
to the Administrative Agent and each Swap Counterparty of the receipt of such Proceeds. As soon as is reasonably practicable after the receipt of such notice, the Administrative Agent and each Swap Counterparty shall give the Collateral Agent a
written certification by an authorized officer or representative thereof of the aggregate amount of the Loan Obligations or Swap Obligations (as applicable) then outstanding owed to the Secured Parties represented by such Creditor under the Loan
Documents or Swap Documents (as applicable) to be certified to as presently due and owing (and, promptly upon receipt thereof, the Collateral Agent shall provide a copy of each such certification to each other Creditor). Unless otherwise directed by
a court of competent jurisdiction, the Collateral Agent may conclusively rely on such certifications and shall use the information provided for in such certifications as the basis for applying the Proceeds in accordance with Section 5(c). If a
Creditor fails to provide such certification within thirty (30) days of the date such Creditor receives notice from the Collateral Agent of receipt of Proceeds referred to in Section 5(c), (x) the Collateral Agent shall send a subsequent notice
to such Creditor of its receipt of Proceeds, and (y) such Creditor shall have an additional fifteen (15) days from its receipt of such subsequent notice to provide such certification to the Collateral Agent. If no such certification has
been provided by the expiration of such additional fifteen (15) day period, the Collateral Agent shall assume the Loan Obligations or Swap Obligations due and owing to such Creditor are zero ($0) for purposes of the application of Proceeds
under Section 5(c). Notwithstanding the foregoing, and for the avoidance of doubt, the Collateral Agent may apply Proceeds in accordance with clause “First” of Section 5(c) at any time following its receipt thereof, regardless whether or
not the certifications referred to in this clause (d) have been received by the Collateral Agent. 
 6.    No
Implied Duty. The Collateral Agent will not have any fiduciary duties nor will it have responsibilities or obligations other than those responsibilities and obligations expressly assumed by it in this Agreement and the Security Instruments. The
Collateral Agent will not be required to take any action that is contrary to applicable law or any provision of this Agreement or the Security Instruments. Without limiting the generality of the foregoing, (a) the Collateral Agent shall not be
subject to any fiduciary or other implied duties, regardless of whether a Triggering Event has occurred and is continuing, (b) the Collateral Agent shall not have any duty to take any discretionary action or exercise any discretionary powers,
except discretionary rights and powers expressly contemplated hereby that the Collateral Agent is instructed in writing to exercise by the Controlling Party; provided that the Collateral Agent shall not be required to take any action that, in
its opinion or the opinion of its counsel, may expose the Collateral Agent to liability or that is contrary to this Agreement or any Security Document or applicable law, including for the avoidance of doubt any action that may be in violation of the
automatic stay under the Bankruptcy Code, and (c) the Collateral Agent shall not have any duty to disclose, nor shall it be liable for the failure to disclose, any information relating to any Loan Party or affiliate thereof that is communicated
to or obtained by the Collateral Agent 
 7.    Appointment of Agents and Advisors. The Collateral Agent may
perform any and all of its duties and exercise its rights and powers by or through any one or more sub-agents 

  
 16 

 
appointed by it, and will not be responsible for any misconduct or negligence on the part of any of them. The Collateral Agent and any such sub-agent may
perform any and all its duties and exercise its rights and powers by or through their respective affiliates. The exculpatory and indemnification provisions of this Agreement and the Security Instruments shall apply to any such sub-agent and to the affiliates of the Collateral Agent and any such sub-agent. All of the rights, benefits, and privileges (including the exculpatory and indemnification
provisions) of this Agreement and the Security Instruments shall apply to any such sub-agent and to the affiliates of any such sub-agent as if such sub-agent and affiliates were named herein. Collateral Agent shall not incur any liability for any action or inaction taken by a sub-agent except to the extent that a court of
competent jurisdiction determines in a final and non-appealable judgment that the Collateral Agent acted with gross negligence or willful misconduct in the selection of such
sub-agents. 
 8.    Other Agreements. The Collateral Agent has accepted
and is bound by the Security Instruments executed by the Collateral Agent as of the date of this Agreement and, as directed by the Controlling Party, the Collateral Agent shall execute additional Security Instruments delivered to it after the date
of this Agreement; provided, however, that such additional Security Instruments do not adversely affect the rights, privileges, benefits and immunities of the Collateral Agent. 

9.    Solicitation of Instructions. 

(a)    The Collateral Agent may at any time solicit written confirmatory instructions from the Administrative Agent or any
Swap Counterparty or request an order of a court of competent jurisdiction as to any action that it may be requested or required to take, or that it may propose to take, in the performance of any of its obligations under this Agreement or the
Security Instruments and may suspend performance of such obligations as it determines to be appropriate until it receives such instructions or order. 

(b)    No written direction given to the Collateral Agent by the Administrative Agent or any Swap Counterparty that in the
sole judgment of the Collateral Agent imposes, purports to impose or might reasonably be expected to impose upon the Collateral Agent any obligation or liability not set forth in or arising under this Agreement and the Security Documents will be
binding upon the Collateral Agent unless the Collateral Agent elects, at its sole option, to accept such direction. 

10.    Documents in Satisfactory Form. The Collateral Agent will be entitled to require that all agreements,
certificates, opinions, instruments and other documents at any time submitted to it, including those expressly provided for in this Agreement, be delivered to it in a form and with substantive provisions reasonably satisfactory to it. 

11.    Entitled to Rely. The Collateral Agent may seek and rely upon, and will be fully protected in relying upon,
any judicial order or judgment, upon any advice, opinion or statement of legal counsel, independent consultants and other experts selected by it in good faith and upon any certification, instruction, notice or other writing delivered to it by the
Borrower in compliance with the provisions of this Agreement or delivered to it by the Administrative Agent or any Swap Counterparty, without being required to determine the authenticity thereof or the correctness of any fact stated therein or the
propriety or validity of service thereof. The 

  
 17 

 
Collateral Agent may act in reliance upon any instrument comporting with the provisions of this Agreement or any signature reasonably believed by it to be genuine and may assume that any Person
purporting to give notice or receipt or advice or make any statement or execute any document in connection with the provisions hereof or the Security Instruments has been duly authorized to do so. To the extent an Officers’ Certificate or
opinion of counsel is required or permitted under this Agreement to be delivered to the Collateral Agent in respect of any matter, the Collateral Agent may rely conclusively on such Officers’ Certificate or opinion of counsel as to such matter
and such Officers’ Certificate or opinion of counsel shall be full warranty and protection to the Collateral Agent for any action taken, suffered or omitted by it under the provisions of this Agreement and the Security Instruments. 

12.    Triggering Event. The Collateral Agent will not be required to inquire as to the occurrence or absence of
any Triggering Event and will not be affected by or required to act upon any notice or knowledge as to the occurrence of any Triggering Event unless and until it receives from the Administrative Agent or any Swap Counterparty, as applicable, written
notice stating that a Triggering Event has occurred and is continuing. 
 13.    Actions by Collateral Agent. The
Collateral Agent shall be entitled to refrain from any act or the taking of any action (including the failure to take an action) in connection herewith or any of the Security Instruments or from the exercise of any power, discretion or authority
vested in it hereunder or thereunder unless and until the Collateral Agent shall have received written instructions in respect thereof from the Controlling Party and, upon receipt of such instructions from the Controlling Party, the Collateral Agent
shall be entitled to act or (where so instructed) refrain from action, or to exercise such power, discretion or authority, in accordance with such instructions. 

14.    Security or Indemnity in favor of the Collateral Agent. The Collateral Agent will not be required to advance
or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with security or indemnity reasonably satisfactory to it against any and
all liability or expense which may be incurred by it by reason of taking or continuing to take such action. 

15.    Rights of the Collateral Agent; Certain Acknowledgments. 

(a)    In the event of any conflict between any terms and provisions set forth in this Agreement and those set forth in any
Security Instrument, the terms and provisions of this Agreement shall supersede and control the terms and provisions of such Security Instrument. In the event there is any bona fide, good faith disagreement between the other parties to this
Agreement or any of the Security Instruments resulting in adverse claims being made in connection with Collateral held by the Collateral Agent and the terms of this Agreement or any of the Security Instruments do not unambiguously mandate the action
the Collateral Agent is to take or not to take in connection therewith under the circumstances then existing, or the Collateral Agent is in doubt as to what action it is required to take or not to take hereunder or under the Security Instruments, it
will be entitled to refrain from taking any action (and will incur no liability for doing so) until directed otherwise in writing by a request signed by the Controlling Party or by order of a court of competent jurisdiction. 

  
 18 

 (b)    The Collateral 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 any Security Instrument, any Loan Document or any Swap Document, (ii) the contents of any certificate, report or other document delivered
thereunder or in connection therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any of the Security Instruments or Loan Documents or Swap Documents, (iv) the
validity, enforceability, effectiveness or genuineness of any Security instrument or Loan Document or Swap Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in any Security Instrument or
Loan Document or Swap Document. 
 (c)    The Administrative Agent (on behalf of the Lenders) and each Swap Counterparty
acknowledges that it has, independently and without reliance upon the Collateral Agent and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the Swap
Documents or the Loan Documents, as applicable. The Administrative Agent (on behalf of the Lenders) and each Swap Counterparty also acknowledges that it will, independently and without reliance upon the Collateral Agent 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 any Loan Document or Swap Document, any related agreement or any document furnished thereunder. The
Collateral Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Credit Agreement Secured Party or any Swap Counterparty with any credit or other information with respect to any Borrower or
Affiliate thereof. 
 (d)    It is acknowledged and agreed by the Administrative Agent (on behalf of the Lenders), each
Swap Counterparty and each Loan Party that the Collateral Agent (i) has undertaken no analysis of the Security Instruments or the Collateral and (ii) has made no determination as to (x) the validity, enforceability, effectiveness or
priority of any Liens granted or purported to be granted pursuant to the Security Instruments or (y) the accuracy or sufficiency of the documents, filings, recordings and other actions taken, or to be taken, to create, perfect or maintain the
existence, perfection or priority of the Liens granted or purported to be granted pursuant to the Security Instruments. The Collateral Agent shall be entitled to assume that all Liens purported to be granted pursuant to the Security Instruments are
valid and perfected Liens having the priority intended by the Secured Parties and the Security Instrument. 

16.    Limitations on Duty of Collateral Agent in Respect of Collateral. 

(a)    Beyond the exercise of reasonable care in the custody of Collateral in its possession, the Collateral Agent will
have no duty as to any Collateral in its possession or control or in the possession or control of any agent or bailee or any income thereon. The Collateral Agent will be deemed to have exercised reasonable care in the custody of the Collateral in
its possession if the Collateral is accorded treatment substantially equal to that which it accords its own property, and the Collateral Agent will not be liable or responsible for any loss or diminution in the value of any of the Collateral by
reason of the act or omission of any carrier, forwarding agency or other agent or bailee selected by the Collateral Agent in good faith. 

  
 19 

 (b)    The Collateral Agent will not be responsible for the existence,
genuineness or value of any of the Collateral or for the validity, perfection, priority or enforceability of the Liens in any of the Collateral, whether impaired by operation of law or by reason of any action or omission to act on its part
hereunder, except to the extent such action or omission constitutes gross negligence or willful misconduct on the part of the Collateral Agent as determined by a court of competent jurisdiction in a final and
non-appealable judgment, for the validity or sufficiency of the Collateral or any agreement or assignment contained therein, for the validity of the title of any Loan Party to the Collateral, for insuring the
Collateral or for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise as to the maintenance of the Collateral. The Collateral Agent hereby disclaims any representation or warranty to the present and future holders of
the Total Obligations concerning the perfection of the Liens granted hereunder or in the value of any of the Collateral. 

17.    Assumption of Rights, Not Assumption of Duties. Notwithstanding anything to the contrary contained herein:

 (a)    each of the parties thereto will remain liable under each of the Security Instruments (other than this
Agreement) to the extent set forth therein to perform all of their respective duties and obligations thereunder to the same extent as if this Agreement had not be executed; 

(b)    the exercise by the Collateral Agent of any of its rights, remedies or powers hereunder will not release such
parties from any of their respective duties or obligations under the Swap Instrument; and 
 (c)    the Collateral Agent
will not be obligated to perform any of the obligations or duties of any of the parties thereunder other than the Collateral Agent. 

18.    Collateral Expenses. Borrower agrees to pay, promptly upon demand: 

(a)    all reasonable, out-of-pocket costs
and expenses incurred by the Collateral Agent and its agents in the preparation, execution, delivery, filing, recordation, administration or enforcement of this Agreement or any Security Instrument or any consent, amendment, waiver or other
modification relating hereto or thereto; 
 (b)    all reasonable out-of-pocket fees, expenses and disbursements of legal counsel and any auditors, accountants, consultants or appraisers or other professional advisors and agents engaged by the Collateral Agent incurred in
connection with the negotiation, preparation, closing, administration, performance or enforcement of this Agreement and the Security Instruments or any consent, amendment, waiver or other modification relating hereto or thereto and any other
document or matter requested by any Borrower; 
 (c)    all reasonable out-of-pocket costs and expenses incurred by the Collateral Agent and its agents in creating, perfecting, preserving, releasing or enforcing the Collateral Agent’s Liens on the Collateral, including
filing and recording fees, expenses and taxes, stamp or documentary taxes and search fees; 

  
 20 

 (d)    all other reasonable out-of-pocket costs and expenses incurred by the Collateral Agent and its agents in connection with the negotiation, preparation and execution of the Security Instruments and any consents, amendments, waivers
or other modifications thereto and the transactions contemplated thereby or the exercise of rights or performance of obligations by the Collateral Agent thereunder; and 

(e)    after the occurrence of any Triggering Event, all reasonable out-of-pocket costs and expenses incurred by the Collateral Agent and its agents in connection with the preservation, collection, foreclosure or enforcement of the Collateral subject to the Security
Instruments or any interest, right, power or remedy of the Collateral Agent or in connection with the collection or enforcement of any of the Total Obligations or the proof, protection, administration or resolution of any claim based upon the Total
Obligations in any Insolvency or Liquidation Proceeding, including all reasonable out-of-pocket fees and disbursements of attorneys, accountants, auditors, consultants,
appraisers and other professionals engaged by the Collateral Agent or its agents. 
 The Borrower also agrees to pay the fees set forth in the Fee Letter
(as defined in the Credit Agreement) at such times as required under the Fee Letter and (y) such other compensation to the Collateral Agent and its agents as the Borrower and the Collateral Agent may agree in writing from time to time. Each of
the parties hereto hereby acknowledges and agrees that the Fee Letter shall constitute a Security Instrument, a Swap Document and a Loan Document, and all fees, costs, expenses and compensation payable thereunder shall constitute Total Obligations
secured equally and ratably by the Collateral. All of the agreements in this Section 18 will survive repayment of all Total Obligations and the removal or resignation of the Collateral Agent. The Borrower hereby acknowledges and agrees that the
fee and expense reimbursements set forth in this Section 18 are in addition to, and not in replacement of, the fee and expense reimbursements provided by the Borrower under the Credit Agreement 

19.    Indemnity. 

(a)    The Borrower agrees to defend, indemnify, pay and hold harmless the Collateral Agent and each of its Related Parties
(each of the foregoing, an “Indemnitee”) from and against any and all Indemnified Liabilities, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY, OR SOLE NEGLIGENCE OF
SUCH INDEMNITEE; provided, no Indemnitee will be entitled to indemnification hereunder with respect to any Indemnified Liability to the extent such Indemnified Liability is found by a final order of a court of competent jurisdiction which
is no longer subject to appeal to have resulted from the gross negligence or willful misconduct of such Indemnitee. To the extent that the undertakings to defend, indemnify, pay and hold harmless set forth in this Section 19(a) may be unenforceable
in whole or in part because they are violative of any law or public policy, the Borrower shall contribute the maximum portion that it is permitted to pay and satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities
incurred by Indemnitees or any of them. The Borrower hereby acknowledges and agrees that the indemnities set forth in this Section 19(a) are in addition to, and not in replacement of, the indemnities provided by the Borrower under the Credit
Agreement. 

  
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 (b)    To the extent that the Borrower fails to pay any amount required to be
paid by it to the Collateral Agent (or any sub-agent thereof) or any Related Party thereof under Section 18 or Section 19(a), each of the Administrative Agent (on behalf of the Lenders) and each Swap
Counterparty severally agrees to pay to the Collateral Agent (or any such sub-agent thereof) or such Related Party of the Collateral Agent (or any such sub-agent
thereof), as the case may be, its Ratable share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought using for purposes of this Section 19(b) the Outstanding Amount of Loan Obligations and Swap
Obligations (or if such unreimbursed amount or indemnity payment is sought after the Discharge of Credit Facility Obligations and Discharge of Swap Obligations has occurred, in accordance with its Ratable share (calculated for purposes of this
Section 19(b) by using the Outstanding Amount of Loan Obligations and Swap Obligations) immediately prior to the date on which the Discharge of Credit Facility Obligations and Discharge of Swap Obligations has occurred)) of such unpaid amount. By
accepting the benefits hereof, each Lender hereby (i) agrees to indemnify the Collateral Agent (or any sub-agent thereof) or any Related Party thereof for any amounts that would be payable by the
Administrative Agent under this Section 19(b) in accordance with the provisions of the Credit Agreement (including Section 10.03(e) thereof) and (ii) acknowledges and agrees that the indemnities set forth in this Section 19(b) are in addition
to, and not in replacement of, the indemnities provided by the Lenders under the Credit Agreement. Each Lender (by accepting the benefits hereof) and each Swap Counterparty hereby authorizes the Administrative Agent or the Collateral Agent to set
off and apply any and all amounts at any time owing to such Lender or Swap Counterparty under this Agreement, any Security Instrument, any Loan Document (if applicable) or otherwise payable by the Administrative Agent or the Collateral Agent to such
Lender or Swap Counterparty from any source against any amount due to the Collateral Agent under this paragraph (b). 
 Upon demand by
the Collateral Agent, the Administrative Agent and each Swap Counterparty shall give the Collateral Agent a written certification by an authorized officer or representative thereof of the aggregate amount of the Loan Obligations or Swap Obligations
(as applicable) then outstanding owed to the Secured Parties represented by such Creditor under the Loan Documents or Swap Documents (as applicable) to be certified to as presently due and owing (and, promptly upon receipt thereof, the Collateral
Agent shall provide a copy of each such certification to each other Creditor). The Collateral Agent may conclusively rely on such certifications and may use the information provided for in such certifications as the basis for determining the amounts
owing by each of the individual Creditors to the Collateral Agent under this Section 19(b). For the avoidance of doubt, the failure of any Creditor to provide the Collateral Agent with any certification required hereunder shall not relieve such
Creditor of its obligations under this Section 19(b). 
 (c)    All amounts due under this Section 19 will be
payable upon demand. 
 (d)    No claim shall be made by any party hereto or any Related Party of any party hereto
against any other party hereto or any Related Party of any party hereto on any theory of liability for any lost profits or special, indirect, or consequential damages or (to the fullest extent a claim for such damages may lawfully be waived) any
punitive damages arising out of, in connection with, or as a result of, this Agreement or any Security Instrument or Loan Document or Swap Document or any agreement or instrument or transaction contemplated hereby or relating in any respect to any
Indemnified Liability, and each Loan Party, each Swap 

  
 22 

 
Counterparty, the Collateral Agent and the Administrative Agent (on behalf of the Lenders) hereby forever waives, releases and agrees not to sue any other party hereto or any Related Party of any
party hereto upon any claim for any such lost profits or special, indirect, consequential or (to the fullest extent lawful) punitive damages, whether or not accrued and whether or not known or suspected to exist in its favor. 

(e)    The agreements in this Section 19 will survive repayment of the Total Obligations and the removal or
resignation of the Collateral Agent. 
 20.    Limitation of Liability – Collateral Agent. Neither
Collateral Agent nor any of its Related Parties shall be liable for any action taken or not taken by it (i) with the consent or at the request of the Controlling Party (or such other Secured Parties as required herein) or (ii) in the
absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment, and then only for direct damages to the extent provided by law. Collateral Agent shall not be
responsible in any manner to any other party for the effectiveness, enforceability, genuineness, validity or the due execution of the Security Instruments or for any representation, warranty, document, certificate, report or statement made in or in
connection with the Security Instruments or be under any obligation to any other party to ascertain or inquire as to the performance or observation of any of the terms, covenants or conditions of any of the Loan Documents or the Swap Documents on
the part of any Loan Party. 
 21.    Limitation of Liability – Agent and Swap Counterparties. None of any
Swap Counterparty, the Administrative Agent, the Collateral Agent or any Related Party of any of the foregoing shall incur any liability to the other except for liabilities arising from its gross negligence or willful misconduct as determined by a
court of competent jurisdiction in a final and non-appealable judgment. None of any Swap Counterparty, the Administrative Agent, the Collateral Agent or any Related Party of any of the foregoing shall incur
any liability to Borrower or any other Person except for liabilities arising from its gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final and non-appealable
judgment. 
 22.    Term. Subject to Section 24 below, this Agreement shall terminate upon (i) the
Discharge of Credit Facility Obligations and the Discharge of Swap Obligations and (ii) the execution and delivery of a written termination notice signed by the Administrative Agent and each of the Swap Counterparties. 

23.    Removal and Resignation of Collateral Agent. The Collateral Agent shall not be removed as Collateral Agent
except with the prior written consent of each Swap Counterparty and the Majority Lenders under the Credit Agreement. The Administrative Agent and each Swap Counterparty agree to notify Borrower promptly of any removal of Collateral Agent. The
Collateral Agent may resign at any time by giving not less than 30 days’ prior written notice of resignation to the Borrower, the Administrative Agent and each Swap Counterparty. Upon any such resignation, the Controlling Party shall have the
right to appoint a successor with, so long as no event of default under the Credit Agreement or event of default or termination event under the Swap Documents has occurred and is continuing, the consent of the Borrower (not to be unreasonably
withheld, conditioned or delayed). If no successor shall have been so appointed by the Controlling Party and approved by the Borrower (if applicable) and shall have accepted such 

  
 23 

 appointment within 30 days after such retiring Collateral Agent gives notice of its resignation (or such earlier
day as shall be agreed in writing by the Controlling Party) (the “Resignation Effective Date”), then such retiring Collateral Agent or any other Creditor may (but shall not be obligated to), on behalf of the Secured Parties with, so
long as no event of default under the Credit Agreement or event of default or termination event under any Swap Document has occurred and is continuing, the consent of the Borrower (not to be unreasonably withheld, conditioned or delayed), appoint a
successor Collateral Agent which shall be a bank with an office in New York, New York (or a bank having an Affiliate with such an office) having a combined capital and surplus that is not less than $500,000,000 or an Affiliate of any such bank.
Whether or not a successor has been appointed, the resigning Collateral Agent’s resignation shall become effective on the Resignation Effective Date. With effect from the Resignation Effective Date (1) the retiring Collateral Agent shall
be discharged from its duties and obligations hereunder and under the Security Instruments (except that in the case of any collateral security held by the Collateral Agent on behalf of the Secured Parties, the retiring Collateral Agent shall
continue to hold such collateral security until such time as a successor Collateral Agent is appointed) and (2) except for any indemnity payments or other amounts then owed to the retiring Collateral Agent, all payments, communications, actions
and determinations provided to be made or taken by, to or through the Collateral Agent shall instead be made or taken by or to the Controlling Party directly, and except as provided in clause (1), the Controlling Party shall act as Collateral Agent
hereunder in accordance with the terms and conditions hereof, until such time, if any, as the Controlling Party, other Creditor or Collateral Agent appoints a successor Collateral Agent as provided for above. Upon or following its resignation, the
Collateral Agent agrees to execute and deliver assignments, in form and substance mutually satisfactory to the Collateral Agent and the Creditors, to the successor Collateral Agent of the rights of the mortgagee or the secured party, as the case may
be, under the Security Instruments. Such assignments shall be prepared at the expense of Borrower. Borrower hereby consents to such assignments. Upon the acceptance of any appointment as a Collateral Agent hereunder by a successor entity, such
successor shall succeed to and become vested with all the rights, powers, privileges and duties of such retiring Collateral Agent (other than any rights to indemnity payments or other amounts owed to the retiring Collateral Agent as of the
Resignation Effective Date), and such retiring Collateral Agent shall have no further duties, responsibilities or liabilities under this Agreement or the Security Instruments (if not already discharged therefrom as provided above in this Section),
but shall remain entitled to the benefit of the indemnification of the Collateral Agent provided in this Agreement and to reimbursement, in accordance with applicable provisions of this Agreement, of expenses incurred in the discharge of the duties
of the Collateral Agent prior to the effective date of such resignation. 
 24.    Survival of Rights. All of the
respective rights and interests of the Administrative Agent, the Collateral Agent and each Swap Counterparty under this Agreement (and the respective obligations and agreements of each Swap Counterparty, the Administrative Agent and the Collateral
Agent under this Agreement), shall remain in full force and effect regardless of: 
 (a)    any lack of validity or
enforceability of any of the Loan Documents or the Swap Documents or any other agreement or instrument related thereto; or 

  
 24 

 (b)    any other circumstance which might otherwise constitute a defense
available to, or discharge of, any Loan Party with respect to the Loan Obligations or the Swap Obligations (other than the defense that such obligations have been fully satisfied). 

25.    Representations and Warranties. Each of the Administrative Agent, each Swap Counterparty, Borrower and
Collateral Agent represents and warrants to the other parties hereto that: 
 (a)    neither the execution and delivery
of this Agreement nor its performance of or compliance with the terms and provisions hereof will conflict with, or result in a breach of the terms, conditions or provisions of, or constitute a default under, any other agreement to which it is now
subject, including, but not limited to, any of the Loan Documents or the Swap Documents; 
 (b)    it has all requisite
authority to execute, deliver and perform its obligations under this Agreement; and 
 (c)    this Agreement constitutes
its legal, valid, and binding obligation, enforceable against it in accordance with its terms, subject only to applicable bankruptcy, insolvency or similar laws and general principles of equity. 

26.    Further Assurances. Each of the Administrative Agent, each Swap Counterparty, Borrower and Collateral Agent
covenants that, as long as this Agreement remains in effect, it will execute and deliver any and all other documents or instruments reasonably requested by the other to give effect to the terms and conditions of this Agreement. 

27.    Assignment; Agreement Binding on Successors and Assigns. As long as this Agreement remains in effect, no
Swap Counterparty will sell, assign or otherwise transfer all or any part of the Swap Obligations, unless the assignee is already a party to this Agreement or executes and delivers to the Collateral Agent a Joinder Supplement. This Agreement shall
inure to the benefit of, and shall be binding upon and enforceable against, each Loan Party, the Administrative Agent, each Swap Counterparty and Collateral Agent and their respective successors and permitted assigns. Any sale, assignment or
transfer to any Person of any Swap Counterparty’s rights or interests in the Swap Obligation made in violation of the provisions of this Section 27 shall be void ab initio. 

28.    Additional Swap Counterparties. Each of the parties hereto hereby agrees that, notwithstanding anything to
the contrary contained herein, in any Security Instrument, in the Credit Agreement, in any other Loan Document or in any Swap Document, no Person providing any swap or hedge agreement to any Loan Party may become a secured party under any Security
Instrument after the date hereof until such Person (i) is determined to be acceptable to the Majority Lenders as evidenced by their written consent (a copy of which shall have been provided to the Collateral Agent), (ii) agrees to be bound by
the terms of this Agreement as a “Swap Counterparty” by executing and delivering a Joinder Supplement in the form of Exhibit A hereto to the Collateral Agent and the Borrower and (iii) provides the Collateral Agent with all
documentation and other information that the Collateral Agent requests in order to comply with the Collateral Agent’s obligations under applicable “know your customer” and anti-money 

  
 25 

 laundering rules and regulations, including the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), and the results of any such “know your customer” or similar investigation conducted by the Collateral Agent shall be satisfactory to the Collateral Agent.
In each case, upon execution and delivery of such Joinder Supplement by such Person, Collateral Agent and Borrower, such Person shall be deemed a Swap Counterparty hereunder as if an original signatory. Joinder Supplements executed pursuant to this
Section 28 do not require the signatures or consents of all Creditors party to this Agreement. Promptly after execution of any such Joinder Supplement, the Borrower will endeavor to send a copy thereof to each other Swap Counterparty, but
failure or delay in doing so will not make such Joinder Supplement void or voidable or otherwise affect the rights and duties of the parties hereto. 

29.    Notice. Unless otherwise provided, any consent, request, notice, or other communication under or in
connection with this Agreement must be in writing to be effective and shall be deemed to have been given (a) if by mail, on the third Business Day after it is enclosed in an envelope and properly addressed, stamped, sealed, certified return
receipt requested, and deposited in the appropriate official postal service, or (b) if by courier, electronic transmissions, or facsimile transmission, when actually delivered; provided, however, that any notice provided to Morgan Stanley under
this Agreement must also be sent by facsimile transmission to such Person. Until changed by a subsequent notice delivered in accordance with this Section 29, notices for each party are to be directed to: 

For delivery to Morgan Stanley: 

Morgan Stanley Capital Group Inc. 

c/o MORGAN STANLEY & CO. LLC 

1585 Broadway 
 New York, New York
10036-8293 
 Attention:            
Close-out Notices 
 With a mandatory copy to: 

Facsimile No.:    +1 212 507 4622 

For delivery to NextEra: 

NextEra Energy Marketing, LLC 

700 Universe Blvd. 
 Juno Beach,
FL 33408 
 Attn: Contracts/Legal Department 

Facsimile: (561) 625-7504 

For delivery to Cargill: 

Cargill, Incorporated 
 9350
Excelsior Boulevard 
 Hopkins, Minnesota 55343-9439 

Attn: Credit/CRM Administration 

Facsimile: (952) 984-3763 

  
 26 

 For delivery to Koch: 

Koch Supply & Trading, LP 

4111 East 37th Street North 

Wichita, Kansas 67220 
 Attention:
Koch Supply & Trading Legal 
 Facsimile No.:
316-828-7979 
 Email: Trading_Formal_Notices@kochind.com

 For delivery to a Swap Party (other than the Initial Swap Party): As set forth in the Joinder Supplement pursuant to which it became a
party hereto. 
 For delivery to any Loan Party: 

c/o Gastar Exploration Inc. 

1331 Lamar, Suite 650 
 Houston,
Texas 77010 
 Attention: 

Michael A. Gerlich 
 Senior Vice
President and 
 Chief Financial Officer 

Facsimile No. (713) 739-0458 

email: mgerlich@gastar.com 

Trent Determan, Vice-President Finance 

Facsimile No. (713) 739-0458 

email: tdeterman@gastar.com 

For delivery to Administrative Agent or Collateral Agent: 

Wilmington Trust, National Association 

Rodney Square, 1100 North Market Street 

Wilmington, DE 19890 
 Attention:
Jennifer K. Anderson 
 Facsimile No. (302) 636-4145 

email: JKAnderson@wilmingtontrust.com 

with a copy to: 

Arnold & Porter Kaye Scholer LLP 

250 West 55th Street 

New York, NY 10019 
 Attention:
Alan Glantz 
 Facsimile No, (212) 836-6763 

email: Alan.Glantz@APKS.com 

  
 27 

 30.    Amendments. This Agreement may only be waived, amended,
modified, or terminated by a written agreement signed by the Administrative Agent, the Collateral Agent and each Swap Counterparty. 

31.    Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a
particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions
the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

32.    Governing Law; Jurisdiction; Consent to Service of Process. 

(a)    THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF
LAW PRINCIPLES (BUT GIVING EFFECT TO SECTION 5 1401 OF THE NEW YORK GENERAL OBLIGATION LAW). 
 (b)    Each party
hereto hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern
District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and
unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State court or, to the extent permitted by law, in such federal court. Each of the parties hereto agrees that a final
judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any party hereto may
otherwise have to bring any action or proceeding relating to this Agreement in the courts of any jurisdiction. 

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

  
 28 

 (d)    Each party to this Agreement irrevocably consents to service of
process in the manner provided for notices in Section 29. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

33.    WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 34.    Headings.
Article, Section and Annex headings used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

35.    Conflicts. In the event of any conflict or inconsistency between the provisions of this Agreement and the
provisions of any Security Instrument, the provisions of this Agreement shall control. 
 36.    No Liability for
Clean Up of Hazardous Materials. In the event that the Collateral Agent is required to acquire title to an asset for any reason, or take any managerial action of any kind in regard thereto, in order to carry out any fiduciary or trust
obligation for the benefit of another, which the Collateral Agent determines (in its sole discretion) may cause the Collateral Agent to be considered an “owner or operator” under any environmental laws or otherwise cause the Collateral
Agent to incur, or be exposed to, any environmental liability or any liability under any other federal, state or local law, the Collateral Agent reserves the right, instead of taking such action, either to resign as Collateral Agent or to arrange
for the transfer of the title or control of the asset to a court appointed receiver. The Collateral Agent will not be liable to any Person for any environmental liability or any environmental claims or contribution actions under any federal, state
or local law, rule or regulation by reason of the Collateral Agent’s actions and conduct as authorized, empowered and directed hereunder or relating to any kind of discharge or release or threatened discharge or release of any hazardous
materials into the environment. 
 37.    Delay and Waiver. No failure to exercise, no course of dealing with
respect to the exercise of, and no delay in exercising, any right, power or remedy arising under this Agreement or any of the Security Instruments will impair any such right, power or remedy or operate as a waiver thereof. No single or partial
exercise of any such right, power or remedy will preclude any other or future exercise thereof or the exercise of any other right, power or remedy. The remedies herein are cumulative and are not exclusive of any remedies provided by law. 

38.    Patriot Act. To help the government fight the funding of terrorism and money laundering activities,
Federal law requires all financial institutions to obtain, verify and record 

  
 29 

 
information that identifies each person who opens an account. For a non-individual person such as a business entity, a charity, a trust or other legal
entity the Collateral Agent will ask for documentation to verify its formation and existence as a legal entity. The Collateral Agent may also ask to see financial statements, licenses, identification and authorization documents from individuals
claiming authority to represent the entity or other relevant documentation. 
 40.    Counterparts. This
Agreement may be executed in any number of counterparts (including by facsimile or electronic mail), each of which when so executed and delivered will be deemed an original, but all such counterparts together will constitute but one and the same
instrument. 
 41.    Master Assignment. Each of the Creditors hereby (a) ratifies the appointment of
Wilmington Trust as “Mortgagee,” “Secured Party” or “Grantee”, as applicable, under each of the Mortgages, and as “Administrative Agent,” the “Collateral Agent,” and a “Secured Party” under
the Security Instruments and in any other equivalent capacity under each other Security Instrument (with terms defined in this clause (a) having the meanings provided in the Master Assignment), (b) acknowledges and agrees to the terms and
provisions of the Master Assignment (including the collateral release and assignment provisions set forth in Section 14 of the Master Assignment) and (c) authorizes and directs the Collateral Agent to provide the release set forth in
Section 14(b) of the Master Assignment. 
 (Signatures appear on following pages) 

  
 30 

 IN WITNESS WHEREOF, the parties have executed this Intercreditor Agreement as of the date first
hereinabove written. 
  

			
	MORGAN STANLEY CAPITAL GROUP, INC.:
		
	By:	 	 /s/ Parker Corbin

	Name:	 	Parker Corbin
	Title:	 	Vice President

  
 SIGNATURE PAGE TO SWAP
INTERCREDITOR AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Intercreditor Agreement as of the date first
hereinabove written. 
  

			
	NEXTERA ENERGY MARKETING, LLC:
		
	By:	 	 /s/ Lawrence Silverstein

	Name:	 	Lawrence Silverstein
	Title:	 	Senior Vice President and Managing Director

  
 SIGNATURE PAGE TO SWAP
INTERCREDITOR AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Intercreditor Agreement as of the date first
hereinabove written. 
  

			
	CARGILL, INCORPORATED:
		
	By:	 	 /s/ Tyler R. Smith

	Name:	 	Tyler R. Smith
	Title:	 	Authorized Signer

  
 SIGNATURE PAGE TO SWAP
INTERCREDITOR AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Intercreditor Agreement as of the date first
hereinabove written. 
  

			
	KOCH SUPPLY & TRADING, LP:
		
	By:	 	 /s/ Roger Lindell

	Name:	 	Roger Lindell
	Title:	 	Vice President

  
 SIGNATURE PAGE TO SWAP
INTERCREDITOR AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Intercreditor Agreement as of the date first
hereinabove written. 
  

			
	ADMINISTRATIVE AGENT:
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Administrative Agent
		
	By:	 	 /s/ Jennifer Anderson

	Name:	 	Jennifer Anderson
	Title:	 	Assistant Vice President
	
	COLLATERAL AGENT:
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Collateral Agent
		
	By:	 	 /s/ Jennifer Anderson

	Name:	 	Jennifer Anderson
	Title:	 	Assistant Vice President

  
 SIGNATURE PAGE TO SWAP
INTERCREDITOR AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Intercreditor Agreement as of the date first
hereinabove written. 
  

			
	BORROWER:
	
	GASTAR EXPLORATION INC.
		
	By:	 	 /s/ J. Russell Porter

	Name:	 	J. Russell Porter
	Title:	 	President and Chief Executive Officer

  
 SIGNATURE PAGE TO SWAP
INTERCREDITOR AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Intercreditor Agreement as of the date first
hereinabove written. 
  

			
	GUARANTORS:
	
	NORTHWEST PROPERTY VENTURES LLC
		
	By:	 	 /s/ Michael A. Gerlich

	Name:	 	Michael A. Gerlich
	Title:	 	Senior Vice President and Chief Financial Officer

  
 SIGNATURE PAGE TO SWAP
INTERCREDITOR AGREEMENT 

 
Exhibit A 
 JOINDER SUPPLEMENT 

This Joinder Supplement (this “Supplement”), dated as of
                    , is executed by
                     (“New Swap Counterparty”), Gastar Exploration Inc. (“Borrower”), and Wilmington Trust,
National Association, as Collateral Agent (in such capacity, together with its successors and assigns in such capacity, “Collateral Agent”). 

All capitalized terms used herein but not defined herein shall have the meanings set forth in the Agreement (as defined below). 

W I T N E S S E T H: 
 WHEREAS,
the Loan Parties, Collateral Agent, Wilmington Trust, National Association, as administrative agent for the Lenders and [            ] have heretofore executed and delivered to Collateral
Agent that certain Intercreditor Agreement dated as of March 3, 2017 (as from time to time amended, modified, supplemented or restated, the “Agreement”), providing for, among other matters, the relative rights and obligations
and apportionment of certain collections among Creditors (as defined therein), and the exercise of certain remedies under the Security Instruments (as defined therein); 

WHEREAS, the Agreement provides that one or more additional Persons may become Swap Counterparties thereunder if each such Person is
acceptable to the Majority Lenders as a “Qualified Counterparty” under the Credit Agreement and executes and delivers a Joinder Supplement as provided in the Agreement; and 

WHEREAS, New Swap Counterparty desires to become a Swap Counterparty under the Agreement. 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, New Swap Counterparty, Collateral Agent and Borrower hereby agree as follows: 

1.    Recognition. New Swap Counterparty hereby represents and warrants that it is acceptable to the Majority
Lenders as a “Qualified Counterparty” under the Credit Agreement as evidenced by their written consent. 

2.    Agreement to be Bound. New Swap Counterparty hereby (i) agrees to be bound by all of the terms and
provisions of the Agreement as a Swap Counterparty thereunder and (ii) and agrees to perform and observe as a Swap Counterparty each of the covenants, agreements, terms, conditions, obligations, duties, promises and liabilities applicable to a
“Swap Counterparty” under the Agreement (including, without limitation, those set forth in Section 19 of the Agreement) as if it were an original signatory thereto. New Swap Counterparty acknowledges and agrees that the terms of the
Agreement shall control over the terms of the Principal Agreements to which New Swap Counterparty is a party, to the extent any conflict exists between the Agreement and such Principal Agreements. 

  
 SIGNATURE PAGE TO SWAP
INTERCREDITOR AGREEMENT 

 3.    Ratification of Agreement; Joinder Supplement Part of Agreement.
This Joinder Supplement shall form a part of the Agreement for all purposes. Except as expressly supplemented hereby, the Agreement is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full
force and effect. 
 4.    Collateral Agent Makes No Representation. Collateral Agent makes no representation as
to the validity or sufficiency of the Security Instruments, and New Swap Counterparty acknowledges, consents to, and accepts the disclaimers by, and limitations on the liability of, Collateral Agent that are provided in the Agreement. 

5.    Representations and Warranties of New Swap Counterparty. New Swap Counterparty represents and warrants to the
other Creditors that: 
 (a)    neither the execution and delivery of this Supplement or the Agreement nor its
performance of or compliance with the terms and provisions hereof or thereof will conflict with, or result in a breach of the terms, conditions or provisions of, or constitute a default under, any other agreement to which it is now subject; 

(b)    it has all requisite authority to execute, deliver and perform its obligations under this Supplement and the
Agreement; and 
 (c)    each of this Supplement and the Agreement constitutes its legal, valid, and binding obligation,
enforceable against it in accordance with its terms, subject only to applicable bankruptcy, insolvency or similar laws and general principles of equity. 

6.    Counterparts. The parties may sign any number of copies of this Joinder Supplement, and different parties may
sign on different signature pages. Each signed copy shall be an original, but all of them together shall represent the same supplemental agreement. 

7.    Address for Notices. All notices and other communications given to New Swap Counterparty under the Agreement
may be given at its address or telecopier number as follows: 
 [New Swap Counterparty] 

[Address] 

Attention: 

Telecopier No.: 

[remainder of page left blank] 

  
 SIGNATURE PAGE TO SWAP
INTERCREDITOR AGREEMENT 

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

									
	NEW SWAP COUNTERPARTY:	 		 	[                                   
                         ]
					
		 		 		 	By:	 	                                     
                                        
             
		 		 		 	Name:	 	
		 		 		 	Title:	 	
				
	BORROWER:	 		 		 	GASTAR EXPLORATION INC.
					
		 		 		 	By:	 	                                    
                                        
              
		 		 		 	Name:	 	
		 		 		 	Title:	 	
			
	COLLATERAL AGENT:	 		 	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Collateral Agent
					
		 		 		 	By:	 	                                     
                                        
             
		 		 		 	Name:	 	
		 		 		 	Title:	 	

 Schedule 1 

Listing of Certain Security Instruments 

Third Amended and Restated Pledge and Security Agreement, dated as of March 3, 2017, by and among Gastar Exploration Inc., certain of its subsidiaries
party thereto and Wilmington Trust, National Association, as collateral agent. 
 Amended and Restated First Lien Mortgage, Security Agreement, Fixture
Filing, Financing Statement and Assignment of Production, dated as of March 3, 2017, executed and delivered by Gastar Exploration Inc., as mortgagor, to Wilmington Trust, National Association, as mortgagee. 

Amended and Restated First Lien Wellbore Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Production, dated as of
March 3, 2017, executed and delivered by Gastar Exploration Inc., as mortgagor, to Wilmington Trust, National Association, as mortgagee. 
 Master
Reaffirmation and Assignment and Assumption of Liens and Security Interests, dated as of March 3, 2017, by and among Gastar Exploration Inc., Wells Fargo Bank National Association, as resigning agent, Wilmington Trust, National Association, as
successor administrative agent, and Ares Management, LLC. 
 Assignment and Assumption of Deposit Account and Sweep Investment Control Agreement, dated as
of March 3, 2017, by and among Wells Fargo Bank, National Association, as resigning first lien agent, Wilmington Trust, National Association, as resigning second lien trustee and collateral agent, Wilmington Trust, National Association, as
successor first lien agent and successor second lien agent. 
 Assignment and Assumption of Securities Account Control Agreement, dated as of March 3,
2017, by and among Wells Fargo Bank, National Association, as resigning first lien agent, Wilmington Trust, National Association, as resigning second lien trustee and collateral agent, Wilmington Trust, National Association, as successor first lien
agent and successor second lien trustee and collateral agent. 

  
 S1-1EX-10.6

 Exhibit 10.6 

THIRD AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 

This THIRD AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT is entered into as of March 3, 2017, by and among GASTAR EXPLORATION INC.,
a Delaware corporation (“Borrower”), each subsidiary of the Borrower signatory hereto (together with the Borrower, the “Grantors” and individually, each a “Grantor”) and Wilmington Trust, National
Association, as collateral agent (in such capacity and together with its successors and assigns in such capacity, the “Collateral Agent”) for the benefit of itself and the other Secured Parties. 

PRELIMINARY STATEMENTS 

WHEREAS, Borrower previously entered into that certain Second Amended and Restated Credit Agreement dated as of June 7, 2013 (as it has
been amended, supplemented or otherwise modified, the “Existing Credit Agreement”), among Borrower, the guarantors party thereto, the lenders party thereto (“Existing Lenders”), and Wells Fargo Bank, National
Association, as administrative agent (in such capacity, the “Existing Administrative Agent”), as collateral agent (in such capacity, the “Existing Collateral Agent”), and as issuing bank for letters of credit issued
thereunder; 
 WHEREAS, in order to secure the full and punctual payment and performance of the “Secured Obligations” under and as
defined in the Existing Credit Agreement and the other Loan Documents (as defined in the Existing Credit Agreement), the Grantors executed and delivered to the Existing Collateral Agent (a) that certain Second Amended and Restated First Lien
Security Agreement dated as of June 7, 2013 (as it has been amended, supplemented or otherwise modified, the “Existing Security Agreement”) and (b) that certain Second Amended and Restated First Lien Security Agreement
(Pledge) dated as of June 7, 2013 (together with the Existing Security Agreement, the “Existing Collateral Documents”); 

WHEREAS, pursuant to that certain Master Reaffirmation and Assignment and Assumption of Liens and Security Interests (the
“Assignment”) of even date herewith, the Existing Administrative Agent and the Existing Lenders have assigned to the Collateral Agent and the Lenders all of their respective right, title and interest in and to the deeds of trust,
mortgages, security agreements and other instruments executed or delivered pursuant thereto, including the Existing Collateral Documents; 

WHEREAS, after giving effect to the Assignment, Wilmington Trust, National Association, as the Administrative Agent, the Grantors and the
Lenders party thereto have agreed to amend and restate the Existing Credit Agreement in its entirety pursuant to, and new lenders have agreed to become lenders under, that certain Third Amended and Restated Credit Agreement dated as of March 3,
2017 (as it may be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”); and 
 WHEREAS,
in connection with the execution of the Credit Agreement, the parties desire to amend and restate the Existing Collateral Documents in the form of this Agreement in order to, among other things, reflect the foregoing and the execution and delivery
of the Credit Agreement. The Collateral Agent is willing to amend and restate the Existing Collateral Documents as set forth herein on the terms and subject to the conditions set forth herein. 

 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, each Grantor and the Collateral Agent, on behalf of the Secured Parties, hereby agree as follows: 

ARTICLE I. 
 DEFINITIONS

 Section 1.1.    Definitions of Certain Terms Used Herein. (a) All capitalized terms not otherwise defined herein
that are defined in the Credit Agreement shall have the meanings assigned to such terms in the Credit Agreement. Any terms used in this Agreement that are defined in the UCC (as defined below) and not otherwise defined herein or in the Credit
Agreement, shall have the meanings assigned to those terms by the UCC. All meanings to defined terms, unless otherwise indicated, are to be equally applicable to both the singular and plural forms of the terms defined. As used in this Agreement, the
following terms shall have the following meanings: 
 “Accounts” shall mean an “account” as defined in the UCC,
including, without limitation, all of any Grantor’s rights to payment for goods sold or leased, services performed, or otherwise, whether now in existence or arising from time to time hereafter, including, without limitation, rights arising
under any of the Contracts or evidenced by an account, note, contract, security agreement, Chattel Paper (including, without limitation, tangible Chattel Paper and electronic Chattel Paper), or other evidence of indebtedness or security, together
with all of the right, title and interest of any Grantor in and to (i) all security pledged, assigned, hypothecated or granted to or held by any Grantor to secure the foregoing, (ii) all of any Grantor’s right, title and interest in
and to any goods or services, the sale of which gave rise thereto, (iii) all guarantees, endorsements and indemnifications on, or of, any of the foregoing, (iv) all powers of attorney granted to any Grantor for the execution of any
evidence of indebtedness or security or other writing in connection therewith, (v) all books, correspondence, credit files, records, ledger cards, invoices, and other papers relating thereto, including without limitation all similar information
stored on a magnetic medium or other similar storage device and other papers and documents in the possession or under the control of any Grantor or any computer bureau from time to time acting for any Grantor, (vi) all evidences of the filing
of financing statements and other statements granted to any Grantor and the registration of other instruments in connection therewith and amendments thereto, notices to other creditors or secured parties, and certificates from filing or other
registration officers, (vii) all credit information, reports and memoranda relating thereto, and (viii) all other writings related in any way to the foregoing. 

“Additional Grantors” shall have the meaning set forth in Section 4.6. 

“Agreement” shall mean this Third Amended and Restated Pledge and Security Agreement, dated as of March 3, 2017, made by
each of the Grantors in favor of the Collateral Agent for the benefit of the Secured Parties, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

  
 2 

 “Assignment” shall have the meaning set forth in the recitals to this Agreement.

 “Borrower” shall have the meaning set forth in the preamble to this Agreement. 

“Cash Collateral” shall mean all amounts from time to time held in any checking, savings, deposit or other account of such
Grantor, all monies, proceeds or sums due or to become due therefrom or thereon and all documents (including, but not limited to passbooks, certificates and receipts) evidencing all funds and investments held in such accounts. 

“Certificated Equipment” shall mean any Vehicle or other equipment the ownership of which is evidenced by, or under
applicable law, is required to be evidenced by, a certificate of title. 
 “Chattel Paper” shall mean all “chattel
paper” as defined in Article 9 of the UCC, including “electronic chattel paper” or “tangible chattel paper”, as each term is defined in Article 9 of the UCC. 

“Collateral” shall have the meaning assigned in Section 2 of this Agreement and shall not include
the Excluded Contracts, other than to the extent such Excluded Contract becomes Collateral as provided in Section 2.2. 

“Collateral Records” shall mean books, records, ledger cards, files, correspondence, customer lists, blueprints, technical
specifications, manuals, computer software, computer printouts, tapes, disks and related data processing software and similar items that at any time evidence or contain information relating to any of the Collateral or are otherwise necessary or
helpful in the collection thereof or realization thereupon. 
 “Collateral Support” shall mean all property (real or
personal) assigned, hypothecated or otherwise securing any Collateral and shall include any security agreement or other agreement granting a lien or security interest in such real or personal property. 

“Contract Documents” shall mean all Instruments, Chattel Paper, letters of credit, bonds, guarantees or similar documents
evidencing, representing, arising from or existing in respect of, relating to, securing or otherwise supporting the payment of, the Contract Rights. 

“Contract Rights” shall mean (i) all (A) of any Grantor’s rights to payment under any Contract or Contract Document
and (B) payments due and to become due to any Grantor under any Contract or Contract Document, in each case whether as contractual obligations, damages or otherwise; (ii) all of any Grantor’s claims, rights, powers, or privileges and
remedies under any Contract or Contract Document; and (iii) all of any Grantor’s rights under any Contract or Contract Document to make determinations, to exercise any election (including, but not limited to, election of remedies) or
option or to give or receive any notice, consent, waiver or approval together with full power and authority with respect to any Contract or Contract Document to demand, receive, enforce or collect any of the foregoing rights or any property which is
the subject of any Contract or Contract Document, to enforce or execute any checks, or other instruments or orders, to file any claims and to take any action which, in the opinion of the Secured Parties, may be necessary or advisable in connection
with any of the foregoing. 

  
 3 

 “Contracts” shall mean all contracts to which any Grantor now is, or hereafter
will be bound, or to which such Grantor is or hereafter will be a party, beneficiary or assignee, all Insurance Contracts, and all exhibits, schedules and other attachments to such contracts, as the same may be amended, supplemented or otherwise
modified or replaced from time to time. 
 “Controlling Party” shall have the meaning set forth in the Swap Intercreditor
Agreement. 
 “Copyright Licenses” shall mean any and all agreements providing for the granting of any right in or to
Copyrights (whether such Grantor is licensee or licensor thereunder). 
 “Copyrights” shall mean all United States and
foreign copyrights, all mask works fixed in semi-conductor chip products (as defined under 17 U.S.C. 901 of the U.S. Copyright Act), whether registered or unregistered, now or hereafter in force throughout the world, all registrations and
applications therefor, all rights corresponding thereto throughout the world, all extensions and renewals of any thereof, the right to sue for past, present and future infringements of any of the foregoing, and all proceeds of the foregoing,
including licenses, royalties, income, payments, claims, damages, and proceeds of suit. 
 “Documents” shall mean a bill of
lading, dock warrant, dock receipt, warehouse receipt or order for the delivery of goods, and also any other document which in the regular course of business or financing is treated as adequately evidencing that the person in possession of it is
entitled to receive, hold and dispose of the document and the goods it covers. 
 “Equipment” shall mean any equipment now
or hereafter owned or leased by any Grantor, or in which any Grantor holds or acquires any other right, title or interest, constituting “equipment” under the UCC, including, without limitation, all surface or subsurface machinery,
equipment, facilities, supplies, or other tangible personal property, including tubing, rods, pumps, pumping units and engines, pipe, pipelines, meters, apparatus, boilers, compressors, liquid extractors, connectors, valves, fittings, power plants,
poles, lines, cables, wires, transformers, starters and controllers, machine shops, tools, machinery and parts, storage yards and equipment stored therein, buildings and camps, telegraph, telephone, and other communication systems, loading docks,
loading racks, and shipping facilities, and any manuals, instructions, blueprints, computer software (including software that is imbedded in and part of the equipment), and similar items which relate to the above, and any and all additions,
substitutions and replacements of any of the foregoing, wherever located together with all improvements thereon and all attachments, components, parts, equipment and accessories installed thereon or affixed thereto. 

“Event of Default” shall mean the occurrence of either (a) an Event of Default under the terms of the Credit Agreement
or (b) at any time that the Swap Counterparties are the Controlling Party, the occurrence of a Triggering Event (as defined in the Swap Intercreditor Agreement). 

“Excluded Account” shall mean (a) any Deposit Account that is designated to hold cash as collateral in support of
performance bond obligations or other similar obligations and (b) any Deposit Account that is designated solely as an account for, and is used solely for, employee benefits, taxes, payroll funding or petty cash in an amount not to exceed
$500,000 in the aggregate. 

  
 4 

 “Excluded Collateral” shall mean (a) Excluded Contracts; (b) Excluded
Accounts; (c) any United States intent-to-use trademark application until such time, if any, as a statement of use or an amendment to allege use is filed with an
accepted by the United States Patent and Trademark Office; (d) those assets as to which the Majority Lenders and the Borrower reasonably determine that the cost of obtaining such a security interest or perfection thereof are excessive in
relation to the benefit to the Lenders of the security to be afforded thereby; and (e) any Property subject to a Lien permitted by Section 6.03(h) of the Credit Agreement; provided however, “Excluded Collateral” shall
not include any right to receive proceeds from the sale or other disposition of Excluded Collateral or any Proceeds, products, substitutes or replacements of any Excluded Collateral (unless such Proceeds, products, substitutes or replacements
independently constitute Excluded Collateral). 
 “Excluded Contracts” shall mean, other than to the extent set forth in
this definition, any General Intangibles, Contract, Contract Document, Government Approvals or other document (and any Contract Rights arising thereunder) to which any of the Grantors is a party to the extent (but only to the extent) that a Grantor
is prohibited from granting a security interest in, pledge of, or charge, mortgage or lien upon any such Property by reason of (a) an existing and enforceable negative pledge or anti-assignment provision or (b) applicable law or regulation
to which such Grantor is subject (and shall, as applicable, not be included as “Chattel Paper”, “Collateral”, “Contracts”, “Contract Rights”, “Contract Documents”, “General Intangibles”,
“Governmental Approval”, “Instruments”, “Insurance Contracts”, “Investment Property”, “Legal Requirements”, or “Pledged Equity” for the purposes hereof); provided however that
(x) the exclusion from the lien and security interest granted by such Grantor hereunder of any Contract Rights of any of the Grantors under one or more of the Excluded Contracts shall not limit, restrict or impair the grant by such Grantor of
the lien and security interest in any Accounts or receivables arising under any such Excluded Contract or any payments due or to become due thereunder, (y) any Excluded Contract shall automatically cease to be an “Excluded Contract”
and excluded from the Collateral (and shall automatically be subject to the lien and security interest granted hereby and to the terms and provisions of this Agreement as “Collateral”), to the extent that (1) either of the
prohibitions discussed in clause (a) and (b) above is ineffective or subsequently rendered ineffective under Sections 9.406, 9.407, 9.408 or 9.409 of the UCC or under any other Requirements of Law or is otherwise no longer in effect, or
(2) the applicable Grantor has obtained the consent of the other parties to such Excluded Contract to the creation of a lien and security interest in, such Excluded Contract (which consent, upon the reasonable request of the Collateral Agent,
such Grantor will use its commercial reasonable efforts to obtain), and (z) any proceeds received by any Grantor from the sale, transfer or other disposition of Excluded Contracts shall constitute Collateral unless any assets or property
constituting such proceeds are themselves subject to the exclusions set forth in the definition of “Excluded Collateral”. 

“Excluded Perfection Collateral” shall mean, unless otherwise elected by Collateral Agent following a Default, collectively
(a) Immaterial Certificated Equipment, and (b) Letter of Credit Rights. 
 “Existing Administrative Agent” shall
have the meaning set forth in the recitals to this Agreement. 

  
 5 

 “Existing Collateral” shall have the meaning set forth in
Section 9.16. 
 “Existing Collateral Agent” shall have the meaning set forth in the recitals to
this Agreement. 
 “Existing Collateral Documents” shall have the meaning set forth in the recitals to this Agreement. 

“Existing Credit Agreement” shall have the meaning set forth in the recitals to this Agreement. 

“Existing Lenders” shall have the meaning set forth in the recitals to this Agreement. 

“Existing Security Agreement” shall have the meaning set forth in the recitals to this Agreement. 

“Fixtures” shall mean any fixtures now or hereafter owned or leased by any Grantor, or in which any Grantor holds or acquires
any other right, title or interest, constituting “fixtures” under the UCC, including without limitation any and all additions, substitutions and replacements of any of the foregoing, wherever located together with all improvements thereon
and all attachments, components, parts, equipment and accessories installed thereon or affixed thereto. 
 “General
Intangibles” shall mean all general intangibles now or hereafter owned by any Grantor, or in which any Grantor holds or acquires any other right, title or interest, constituting “general intangibles” or “payment
intangibles” under the UCC, including, but not limited to, all trademarks, trademark applications, trademark registrations, tradenames, fictitious business names, business names, company names, business identifiers, prints, labels, trade styles
and service marks (whether or not registered), trade dress, including logos and/or designs, copyrights, patents, patent applications, goodwill of any Grantor’s business symbolized by any of the foregoing, trade secrets, license rights, license
agreements, permits, franchises, and any rights to tax refunds to which any Grantor is now or hereafter may be entitled. 

“Governmental Approvals” shall mean (i) any authorization, consent, approval, license, waiver or exemption, by or with
(ii) any required notice to; (iii) any declaration of or with; or (iv) any required registration by or with, or any other action or deemed action by or on behalf of, any Governmental Authority. 

“Grantor” and “Grantors” shall have the meaning set forth in the preamble to this Agreement. 

“Immaterial Certificated Equipment” shall mean, as of the date of determination, any Certificated Equipment owned by any
Grantor that (a) has a fair market value of less than $100,000 individually or (ii) when taken together with all other Immaterial Certificated Equipment, has an aggregate fair market value of less than $2,000,000. 

  
 6 

 “Instruments” shall mean an “instrument” as defined in the UCC,
including, without limitation, any Negotiable Instrument, or any other writing which evidences a right to the payment of money and is not itself a security agreement or lease and is of a type which is in the ordinary course of business transferred
by delivery with any necessary endorsement or assignment (other than Instruments constituting Chattel Paper). 

“Insurance” shall mean all insurance policies covering any or all of the Collateral (regardless of whether Collateral Agent
is the loss payee thereof). 
 “Insurance Contracts” shall mean all contracts and policies of insurance and re-insurance maintained or required to be maintained by or on behalf of any Grantor under the Loan Documents. 

“Intellectual Property” shall mean, collectively, the Copyrights, the Copyright Licenses, the Patents, the Patent Licenses,
the Trademarks, the Trademark Licenses, the Trade Secrets, and the Trade Secret Licenses. 
 “Intercompany Note” shall mean
any promissory note evidencing loans made by any Grantor to the Borrower or any of its Subsidiaries. 
 “Intercreditor
Agreement” shall have the meaning set forth in Section 9.18. 
 “Inventory” shall mean
all of the inventory of any Grantor, or in which any Grantor holds or acquires any right, title or interest, of every type or description, now owned or hereafter acquired and wherever located, whether raw, in process or finished (including oil, gas,
or other hydrocarbons and all products and substances derived therefrom), and all materials usable in processing the same and all documents of title covering any inventory, including, without limitation, work in process, materials used or consumed
in any Grantor’s business, now owned or hereafter acquired or manufactured by any Grantor and held for sale in the ordinary course of its business, all present and future substitutions therefor, parts and accessories thereof and all additions
thereto, all Proceeds thereof and products of such inventory in any form whatsoever, and any other item constituting “inventory” under the UCC. 

“Investment Accounts” shall mean the Securities Accounts, Commodities Accounts and Deposit Accounts. 

“Investment Property” shall mean “investment property” as defined in the UCC, including, without limitation, all
securities (whether certificated or uncertificated), security entitlements, securities accounts, commodity contracts, and commodity accounts. 

“Investment Related Property” shall mean: (i) all Investment Property and (ii) all of the following (regardless of
whether classified as Investment Property under the UCC): all Pledged Securities, the Investment Accounts, and certificates of deposit. 

“Negotiable Instrument” shall mean a “negotiable instrument” as defined in the UCC. 

“Original Collateral” shall have the meaning set forth in Section 9.16. 

  
 7 

 “Ownership Interests” shall mean all interests in any limited liability company,
general partnership, limited partnership, limited liability partnership or other partnership, and the certificates, if any, representing such interests and any interest of such Grantor on the books and records of such limited liability company,
general partnership, limited partnership, limited liability partnership or other partnership and any securities entitlements relating thereto and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other
property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such interests and any other warrant, right or option or other agreement to acquire any of the foregoing, all
management rights, all voting rights, any interest in any capital account, all rights as and to become a member or partner, all rights of the Grantor under any shareholder or voting trust agreement or similar agreement in respect of such limited
liability company, general partnership, limited partnership, limited liability partnership or other partnership, all of the Grantor’s right, title and interest as a member to any and all assets or properties of such limited liability company,
general partnership, limited partnership, limited liability partnership or other partnership, and all other rights, powers, privileges, interests, claims and other property in any manner arising out of or relating to any of the foregoing. 

“Patent Licenses” shall mean all agreements providing for the granting of any right in or to Patents (whether such Grantor is
licensee or licensor thereunder). 
 “Patents” shall mean all United States and foreign patents and applications for
letters patent throughout the world, all reissues, divisions, continuations, continuations in part, extensions, renewals, and reexaminations of any of the foregoing, all rights corresponding thereto throughout the world, and all proceeds of the
foregoing, including licenses, royalties, income, payments, claims, damages, and proceeds of suit and the right to sue for past, present and future infringements of any of the foregoing. 

“Pledged Notes” shall mean all promissory notes listed on Schedule I (as such schedule may be amended or supplemented
from time to time) and all other promissory notes or other instruments issued to or held by any Grantor (other than promissory notes issued in connection with extensions of trade credit by any Grantor in the ordinary course of business) and all
Intercompany Notes. 
 “Pledged Securities” shall mean all Securities and Ownership Interests of any Grantor, including,
without limitation, as described on Schedule I attached hereto (as such schedule may be amended or supplemented from time to time), and all Securities and Ownership Interests described in any Pledge Amendment hereafter executed and delivered
by any Grantor pursuant to Section 4.5 of this Agreement. 
 “Proceeds” shall mean all proceeds
(as defined in the UCC) of any or all of the Collateral, including without limitation (i) any and all proceeds of, all claims for, and all rights of any Grantor to receive the return of any premiums for, any insurance, indemnity, warranty or
guaranty payable from time to time with respect to any of the Collateral, (ii) any and all payments (in any form whatsoever) made or due and payable from time to time in connection with any requisition, confiscation, condemnation, seizure or
forfeiture of all or any part of the Collateral by any Governmental Authority (or any Person acting under color of any Governmental Authority), (iii) all proceeds received or receivable when any or all of the Collateral is sold, exchanged or
otherwise disposed, whether voluntarily, involuntarily, in 

  
 8 

 
foreclosure or otherwise, (iv) all claims of any Grantor for damages arising out of, or for breach of or default under, any Collateral, (v) all rights of any Grantor to terminate,
amend, supplement, modify or waive performance under any Contracts, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder, and (vi) any and all other amounts from time to time paid or payable under or in
connection with any of the Collateral. 
 “Receivables” shall mean all rights to payment, whether or not earned by
performance, for goods or other property sold, leased, licensed, assigned or otherwise disposed of, or services rendered or to be rendered, including all such rights constituting or evidenced by any Account, Chattel Paper, Instrument, General
Intangible or Investment Related Property, together with all of Grantor’s rights, if any, in any goods or other property giving rise to such right to payment and all Collateral Support and Supporting Obligations related thereto and all
Receivables Records. 
 “Receivables Records” shall mean (i) all original copies of all documents, instruments or
other writings or electronic records or other Records evidencing the Receivables, (ii) all books, correspondence, credit or other files, Records, ledger sheets or cards, invoices, and other papers relating to Receivables, including all tapes,
cards, computer tapes, computer discs, computer runs, record keeping systems and other papers and documents relating to the Receivables, whether in the possession or under the control of Grantor or any computer bureau or agent from time to time
acting for Grantor or otherwise, (iii) all evidences of the filing of financing statements and the registration of other instruments in connection therewith, and amendments, supplements or other modifications thereto, notices to other creditors
or Secured Parties, and certificates, acknowledgments, or other writings, including lien search reports, from filing or other registration officers, (iv) all credit information, reports and memoranda relating thereto and (v) all other
written or nonwritten forms of information related in any way to the foregoing or any Receivable. 
 “Released Collateral”
shall have the meaning set forth in Section 9.16. 
 “Second Lien Collateral Agent” shall mean
Wilmington Trust, National Association and each of its successors and assigns as “Second Lien Agent” under and as defined in the Intercreditor Agreement. 

“Secured Obligations” shall mean all Secured Obligations (as defined in the Credit Agreement) now or hereafter existing,
including any extensions, modifications, substitutions, amendments and renewals thereof, whether for principal, interest, fees, expenses, indemnification, or otherwise, including any post-petition interest in the event of a bankruptcy, to the extent
such interest is enforceable by law. Notwithstanding anything to the contrary contained herein, “Secured Obligations” as used in this Agreement shall not include the Excluded Swap Obligations. 

“Security Termination” shall mean subject to Section 6 hereof, at such time at which each of the following events shall
have occurred at or prior to such time: (i) the termination of the Commitments, (ii) the termination of all Swap Agreements entered into with the Qualified Counterparties (other than Swap Agreements entered into with any Qualified
Counterparty with respect to which other arrangements satisfactory to such Qualified Counterparty and the 

  
 9 

 
Borrower have been made), and (iii) the indefeasible payment in full in cash of all Secured Obligations (other than (1) Swap Obligations with respect to which other arrangements
satisfactory to the Qualified Counterparty and the Borrower have been made and (2) indemnity obligations and similar obligations that survive the termination of this Agreement for which no notice of a claim has been received by any Grantor).

 “Stock Rights” shall mean any securities, dividends or other distributions and any other right or property which any
Grantor shall receive or shall become entitled to receive for any reason whatsoever with respect to, in substitution for or in exchange for any securities or other ownership interests in a corporation, limited partnership, general partnership, joint
venture or limited liability company constituting Collateral and any securities, any right to receive securities and any right to receive earnings, in which any Grantor now has or hereafter acquires any right, issued by an issuer of such securities.

 “Swap Counterparties” shall have the meaning set forth in the Swap Intercreditor Agreement. 

“Trade Secret Licenses” shall mean any and all agreements providing for the granting of any right in or to Trade Secrets
(whether such Grantor is licensee or licensor thereunder). 
 “Trade Secrets” shall mean all trade secrets and all other
confidential or proprietary information and know-how now or hereafter owned or used in, or contemplated at any time for use in, the business of such Grantor (all of the foregoing being collectively called a
“Trade Secret”), whether or not such Trade Secret has been reduced to a writing or other tangible form, including all documents and things embodying, incorporating, or referring in any way to such Trade Secret, the right to sue for
past, present and future infringement of any Trade Secret, and all proceeds of the foregoing, including licenses, royalties, income, payments, claims, damages, and proceeds of suit. 

“Trademark Licenses” shall mean any and all agreements providing for the granting of any right in or to Trademarks (whether
such Grantor is licensee or licensor thereunder). 
 “Trademarks” shall mean all United States, state and foreign
trademarks, trade names, corporate names, company names, business names, fictitious business names, internet domain names, trade styles, service marks, certification marks, collective marks, logos, other source or business identifiers, designs and
general intangibles of a like nature, all registrations and applications for any of the foregoing, all extensions or renewals of any of the foregoing, all of the goodwill of the business connected with the use of and symbolized by the foregoing, the
right to sue for past, present and future infringement or dilution of any of the foregoing or for any injury to goodwill, and all proceeds of the foregoing, including licenses, royalties, income, payments, claims, damages, and proceeds of suit. 

“UCC” shall mean the Uniform Commercial Code as the same may, from time to time, be in effect in the State of New York;
provided, however, in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of the security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction
other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such attachment, perfection or priority and for purposes of
definitions related to such provisions. 

  
 10 

 (b)    Article, Section, Schedule, and Exhibit references are to Articles and
Sections of and Schedules and Exhibits to this Agreement, unless otherwise specified. All references to instruments, documents, contracts, and agreements are references to such instruments, documents, contracts, and agreements as the same may be
amended, supplemented, and otherwise modified from time to time, unless otherwise specified. The words “hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this
Agreement as a whole and not to any particular provision of this Agreement. As used herein, the term “including” means “including, without limitation”. 

ARTICLE II. 
 GRANT OF
SECURITY 
 INTEREST 

Section 2.1.    Grant of Security. As collateral security for the prompt and complete payment and performance when due of all
Secured Obligations, each Grantor hereby assigns, pledges, and grants to the Collateral Agent for the benefit of the Secured Parties a lien on and continuing security interest in all of such Grantor’s right, title and interest in, to and under,
all items described in this Section 2, whether now owned or hereafter acquired by such Grantor and wherever located and whether now owned or hereafter existing or arising (collectively, the “Collateral”): 

(a)    all Accounts; 

(b)    all cash and cash equivalents; 

(c)    all Cash Collateral; 

(d)    all Certificated Equipment; 

(e)    all Chattel Paper; 

(f)    all Commercial Tort Claims; 

(g)    all Commodity Accounts; 

(h)    all Contracts, all Contract Rights, Contract Documents and Accounts associated with such Contracts and each and
every document granting security to such Grantor under any such Contract; 
 (i)    all Deposit Accounts; 

(j)    all Documents; 

  
 11 

 (k)    all Equipment; 

(l)    all Fixtures; 

(m)    all General Intangibles; 

(n)    all Goods; 

(o)    all Governmental Approvals; 

(p)    all Instruments; 

(q)    all Insurance; 

(r)    all Intellectual Property; 

(s)    all Inventory; 

(t)    all Investment Property; 

(u)    all Letters of Credit and Letter of Credit Rights; 

(v)    all Money; 

(w)    all Investments; 

(x)    all Receivables and Receivable Records; 

(y)    all Securities Accounts and Securities Entitlements; 

(z)    any right to receive a payment under any Swap Agreement in connection with a termination thereof; 

(aa)    all books and records pertaining to the Collateral; 

(bb)    without limiting the generality of the foregoing, all other personal property, goods, Accounts, Certificated
Securities, Chattel Paper, Commercial Tort Claims, Commodity Accounts, Commodity Contracts, Deposit Accounts, Documents, Equipment, Fixtures, General Intangibles, Goods, Instruments, Inventory, Investment Property, Letter of Credit Rights, Letters
of Credit, Money, Payment Intangibles, Proceeds, Securities, Securities Accounts, Security Entitlements, Supporting Obligations, Uncertificated Securities, credits, claims, demands and assets of such Grantor whether now existing or hereafter
acquired from time to time; 
 (cc)    to the extent not otherwise included above, all Collateral Records, Collateral
Support and Supporting Obligations relating to any of the foregoing; and 
 (dd)    to the extent not otherwise included
above, all Proceeds, products, accessions, profits, rents, replacements, substations of or in respect of any of the foregoing. 

  
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 Section 2.2.    Certain Limited Exclusions. Notwithstanding anything herein to
the contrary, in no event shall the security interest granted under Section 2.1 hereof attach to any Excluded Collateral. 

Section 2.3.    Security for Secured Obligations. This Agreement secures, and the Collateral is collateral security for, the
prompt and complete payment or performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including the payment of amounts that would become due but for the operation of the
automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. §362(a) (and any successor provision thereof)), of all Secured Obligations; provided, however, that the Secured Obligations shall not include any Excluded
Swap Obligations. 
 Section 2.4.    Continuing Liability Under Collateral. Notwithstanding anything herein to the contrary,
(i) each Grantor shall remain liable for all obligations under the Collateral and nothing contained herein is intended to be or shall be a delegation of duties to Collateral Agent or any Secured Party, (ii) each Grantor shall remain liable
under each of the agreements included in the Collateral to perform all of the Secured Obligations undertaken by it thereunder all in accordance with and pursuant to the terms and provisions thereof and neither Collateral Agent nor any Secured Party
shall have any obligation or liability under any of such agreements by reason of or arising out of this Agreement or any other document related thereto nor shall Collateral Agent nor any Secured Party have any obligation to make any inquiry as to
the nature or sufficiency of any payment received by it or have any obligation to take any action to collect or enforce any rights under any agreement included in the Collateral and (iii) the exercise by Collateral Agent of any of its rights
hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral. 

ARTICLE III. 

REPRESENTATIONS AND WARRANTIES 

Each Grantor represents and warrants to Collateral Agent and the Secured Parties that: 

Section 3.1.    Title, Authorization, Validity and Enforceability. Such Grantor has good and valid rights in or the power to
transfer the Collateral to the Collateral Agent with respect to which it has purported to grant a security interest hereunder, free and clear of all Liens (other than Liens expressly permitted by Section 6.03 of the Credit Agreement), and has
full power and authority to grant to Collateral Agent the security interest in such Collateral pursuant hereto. The execution and delivery by such Grantor of this Agreement has been duly authorized by proper corporate, partnership or limited
liability proceedings, and this Agreement constitutes a legal, valid and binding obligation of such Grantor and creates a security interest which is enforceable against such Grantor in all now owned and hereafter acquired Collateral, subject to
applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

Section 3.2.    Type and Jurisdiction of Organization. Such Grantor is a corporation, limited partnership or limited liability
company duly and properly incorporated or organized, as the case 

  
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may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization and has all requisite
authority to conduct its business in each jurisdiction wherein failure to have such authorization may result in a Material Adverse Effect. Such Grantor is not now nor has it during the five years prior to the date hereof been incorporated or
organized as any other type of entity or under the laws of any other jurisdiction. 
 Section 3.3.    Principal Location. On
the date hereof, such Grantor’s mailing address and the location of its place of business (if it has only one) or its chief executive office (if it has more than one place of business), is disclosed in Exhibit A. During the preceding
five-year period, such Grantor has no other places of business except those set forth in Exhibit A. 
 Section 3.4.    No
Other Names. As of the date hereof, during the preceding five-year period, such Grantor has not conducted business under any name except those set forth in Exhibit B. On the date hereof, each Grantor’s name, as set forth on
Exhibit B, is the exact name as it appears in such Grantor’s Organizational Documents, as amended, as filed with such Grantor’s jurisdiction of organization. Unless otherwise stated on Exhibit B, such Grantor is not a
transmitting utility as defined in Section 9-102(a)(80) of the UCC. 

Section 3.5.    Federal Taxpayer Identification Number. Such Grantor’s Federal taxpayer identification number as of the
date hereof is set forth on Exhibit C. 
 Section 3.6.    Grantor’s Location. The jurisdiction in which such
Grantor is located for purposes of Sections 9-301 and 9-307 of the UCC as of the date hereof is set forth on Exhibit D. 

Section 3.7.    Pledged Securities, Pledged Notes and Other Investment Property. Schedule I sets forth a complete and
accurate list of the Pledged Securities, Pledged Notes and other Investment Property delivered to Collateral Agent, for the benefit of the Secured Parties. Such Grantor is the direct and beneficial owner of each Pledged Security, Pledged Note and
other type of Investment Property as indicated on Schedule I, free and clear of any Liens, except for the security interest granted to Collateral Agent for the benefit of the Secured Parties hereunder and, subject to the Intercreditor
Agreement, the security interest granted to the Second Lien Collateral Agent. Each Grantor further represents and warrants that (i) all such Pledged Securities or other types of Investment Property which are shares of stock in a corporation or
ownership interests in a limited partnership or limited liability company have been (to the extent such concepts are relevant with respect to such Pledged Security or other type of Investment Property) duly and validly issued, are fully paid and non-assessable and (ii) with respect to any certificates delivered to Collateral Agent representing an ownership interest in a limited partnership or limited liability company, either such certificates are
Securities as defined in Article 8 of the Uniform Commercial Code of the applicable jurisdiction as a result of actions by the issuer or otherwise, or, if such certificates are not Securities, such Grantor has so informed Collateral Agent so that
Collateral Agent may take steps to perfect its security interest therein as a General Intangible. Schedule III hereto sets forth under the headings “Securities Accounts,” “Commodities Accounts,” and “Deposit
Accounts,” respectively, all of the Securities Accounts, Commodities Accounts and Deposit Accounts in which each Grantor has an interest. Except as set forth on Schedule III hereto, each Grantor is the sole entitlement holder or customer
of each such account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other 

  
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than the Collateral Agent pursuant hereto or, subject to the Intercreditor Agreement, the Second Lien Collateral Agent) having “control” (within the meanings of Sections 8-106, 9-106 and 9-104 of the UCC) over, or any other interest in, any such Securities Account, Commodity Account or Deposit Account or
any securities, commodities or other property credited thereto. 
 Section 3.8.    Due Authorization of Pledged Securities.
All of the Pledged Securities have been duly authorized and validly issued and are fully paid and non-assessable. The Collateral includes, without limitation, all of the issued and outstanding Equity Interests
of each of the Subsidiaries owned by each Grantor and there are no outstanding warrants, options or other rights to purchase, or other agreements (other than the Loan Documents) outstanding with respect to, or property that is now or hereafter
convertible into, or that requires the issuance or sale of, any Pledged Securities. 
 Section 3.9.    Valid, Perfected First
Priority Liens. The security interests granted pursuant to this Agreement constitute a legal and valid security interest in favor of the Collateral Agent, for the benefit of the Secured Parties, securing the payment and performance of each
Grantor’s Secured Obligations and upon completion of the filings and other actions specified on Exhibit D (all of which, in the case of all filings and other documents referred to on said Exhibit, have been delivered to the Collateral
Agent in duly completed and duly executed form, as applicable, and may be filed by the Collateral Agent (or its designee) at any time) and payment of all filing fees, will constitute fully perfected security interests in all of the Collateral, prior to all other Liens on the Collateral except for Permitted Encumbrances and subject to Excluded Perfection Collateral. Without
limiting the foregoing, each Grantor has taken all actions necessary or desirable, including without limitation those specified in Sections 4.2, 4.3, 4.7 and 4.8 to: (i) establish the Collateral Agent’s
“control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over any portion of the Investment Property constituting Certificated Securities,
Uncertificated Securities, Securities Accounts, Securities Entitlements or Commodity Accounts, (ii) establish the Collateral Agent’s “control” (within the meaning of Section 9-104 of
the UCC) over all Deposit Accounts (other than Deposit Accounts that are Excluded Accounts), and (iii) establish the Collateral Agent’s “control” (within the meaning of Section 9-107
of the UCC) over all Letter of Credit Rights. 
 Section 3.10.    Authorization; Approvals. No authorization, approval or
other action by, and no notice to or filing with, any Governmental Authority or regulatory body is required for either (i) the pledge or grant by any Grantor of the Liens purported to be created in favor of Collateral Agent hereunder or
(ii) the exercise by Collateral Agent of any rights or remedies in respect of any Collateral (whether specifically granted or created hereunder or created or provided for by applicable law), except (A) for the filings contemplated by
Section 3.9 above and (B) as may be required, in connection with the disposition of any Investment Related Property, by laws generally affecting the offering and sale of Ownership Interests. No consent, approval or
authorization of any Person is required for the pledge by such Grantor of the Pledged Securities pursuant to this Agreement or for the execution, delivery or performance of this Agreement by such Grantor, whether under the Organizational Documents
of any issuer of any Pledged Securities or otherwise, except such as have been obtained and are in full force and effect. 

  
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 Section 3.11.    Receivables. No Receivable is evidenced by, or constitutes, an
Instrument or Chattel Paper which has not been delivered to, or otherwise subjected to the Control of, Collateral Agent. 

Section 3.12.    Account Debtors. None of the account debtors in respect of any Receivable is the government of the United
States, any agency or instrumentality thereof, any state or municipality or any foreign sovereign. 

Section 3.13.    Possession of Inventory; Control. Each Grantor has exclusive possession and control, subject to Permitted
Encumbrances, of its Equipment and Inventory, except as otherwise required, necessary or customary in the ordinary course of its business. No Grantor has consented to, and is otherwise unaware of, any Person having Control over any Collateral, other
than, subject to the Intercreditor Agreement, the Second Lien Collateral Agent. 
 Section 3.14.    Commercial Tort Claims.
Schedule II sets forth all Commercial Tort Claims of each Grantor. 
 Section 3.15.    Letter of Credit Rights. No
Grantor is a beneficiary or assignee under any letter of credit other than the letters of credit described on Schedule IV. 

ARTICLE IV. 
 COVENANTS

 From the date of this Agreement, and thereafter until this Agreement is terminated: 

Section 4.1.    General. 

4.1.1    Inspection. Each Grantor will permit Collateral Agent or any Lender, by its representatives and agents
(i) to inspect the Collateral, (ii) to examine and make copies of the records of such Grantor relating to the Collateral and (iii) to discuss the Collateral and the related records of such Grantor with, and to be advised as to the
same by, such Grantor’s officers and employees, all at such reasonable times and intervals as Collateral Agent or such Lender may determine, and all at the Grantors’ expense. 

4.1.2    Financing Statements and Other Actions; Defense of Title. Each Grantor hereby authorizes Collateral Agent
or its designee to file all financing statements and other documents and take such other actions as may from time to time be requested by Collateral Agent or its designee in order to maintain a first priority perfected (other than, as to perfection,
Excluded Perfection Collateral) security interest in and, if applicable, “control” (within the meaning of the applicable Uniform Commercial Code) of, the Collateral. Each Grantor hereby authorizes Collateral Agent (or its designee) to file
financing statements describing as the collateral covered thereby “all of the debtor’s personal property or assets” or words to that effect, notwithstanding that such wording may be broader in scope than the Collateral described in
this Agreement. Each Grantor will take any and all actions necessary to defend title to the Collateral against all persons and to defend the security interest of Collateral Agent in the Collateral and the priority thereof against any Lien not
expressly permitted hereunder. Each Grantor shall maintain the security interest in the Collateral created by this Agreement as a 

  
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perfected security interest having at least the priority described in Section 3.9. At any time and from time to time, upon the written request of the Collateral Agent,
and at the sole expense of such Grantor, such Grantor shall promptly and duly authorize, execute and deliver, and have recorded, such further instruments and documents and take such further actions as the Collateral Agent may reasonably request for
the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted, including, without limitation, in the case of Investment Property, Deposit Accounts and any other relevant Collateral, taking any
actions necessary to enable the Collateral Agent to obtain “control” (within the meaning of the applicable Uniform Commercial Code) with respect thereto to the extent required hereunder, including without limitation, executing and
delivering and causing the relevant depositary bank or securities intermediary to execute and deliver a control agreement in form and substance reasonably satisfactory to the Collateral Agent, the Majority Lenders and the Swap Counterparties. 

4.1.3    Disposition of Collateral. Except as otherwise permitted under the Credit Agreement, none of the Grantors
will sell, lease or otherwise dispose of the Collateral. 
 4.1.4    Liens. None of the Grantors will create,
incur, or suffer to exist any Lien on the Collateral except the security interest created by this Agreement and the Liens expressly permitted by Section 6.03 of the Credit Agreement. 

4.1.5    Change in Corporate Existence, Type or Jurisdiction of Organization, Location, Name. Except as otherwise
permitted under the Credit Agreement, each Grantor will: 
  

	 	(a)	preserve its existence as a corporation, limited partnership or limited liability company and not, in one transaction or a series of related transactions, merge into or consolidate with any other entity, or sell all or
substantially all of its assets; 

  

	 	(b)	not change its name or its state of organization; and 

  

	 	(c)	not maintain its place of business (if it has only one) or its chief executive office (if it has more than one place of business) at a location other than a location specified on Exhibit A; 

unless such Grantor shall have given Collateral Agent not less than five (5) Business Days’ prior written notice of such event or
occurrence and taken all action reasonably requested by the Collateral Agent or any other Secured Party for the purpose of maintaining the validity, perfection and priority of Collateral Agent’s security interest in the Collateral. 

4.1.6    Other Financing Statements. None of the Grantors will authorize the filing of any financing statement
naming it as debtor covering all or any portion of the Collateral, except as permitted by Section 4.1.2 and in respect of Liens expressly permitted by Section 6.03 of the Credit Agreement. 

  
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 Section 4.2.    Securities, Pledged Notes and Documents. Each Grantor will
(i) deliver to Collateral Agent promptly the originals of all certificated Pledged Securities constituting Collateral (if any then exist) and all Pledged Notes, in each case, to the extent not previously delivered to Collateral Agent,
(ii) hold in trust for Collateral Agent upon receipt and promptly thereafter deliver to Collateral Agent any certificated Pledged Securities constituting Collateral and any Pledged Notes, and (iii) upon Collateral Agent’s request,
after the occurrence and during the continuance of an Event of Default, deliver to Collateral Agent (and thereafter hold in trust for Collateral Agent upon receipt and immediately deliver to Collateral Agent) (x) any Document evidencing or
constituting Collateral, (y) any dividends or distributions declared or paid, in cash or property, upon any of the Pledged Securities, and (z) any payments received, in cash or property, with respect to any Pledged Note or any other
Collateral. Each Grantor which is an issuer of a Pledged Security agrees that (i) it will be bound by the terms of this Agreement relating to the Pledged Securities issued by it and will comply with such terms insofar as such terms are
applicable to it, (ii) it will notify the Collateral Agent promptly in writing of the occurrence of any of the events described in Section 4.5 with respect to the Pledged Securities issued by it and (iii) the
terms of this Section 4.2 shall apply to it with respect to all actions that may be required of it pursuant to this Section 4.2 with respect to the Pledged Securities issued by it. In addition,
each Grantor which is either an issuer or an owner of any Pledged Securities hereby consents to the grant by each other Grantor of the security interest hereunder in favor of the Collateral Agent and to the transfer of any Pledged Security to the
Collateral Agent or its nominee following an Event of Default and to the substitution of the Collateral Agent or its nominee as a partner, member or shareholder or other equity holder of the issuer of the related Pledged Security. Each Grantor
hereby authorizes and instructs each issuer of any Pledged Securities pledged by such Grantor hereunder to (i) comply with any instruction received by it from the Collateral Agent in writing that (x) states that an Event of Default has
occurred and is continuing and (y) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from such Grantor, and each Grantor agrees that each issuer shall be fully protected in so complying, and
(ii) unless otherwise expressly permitted hereby, pay any dividends or other payments with respect to the Pledged Securities directly to the Collateral Agent. 

Section 4.3.    Uncertificated Securities and Certain Other Investment Property. Each Grantor will take any actions reasonably
requested by the Collateral Agent to cause (i) the issuers of Uncertificated Securities which are Collateral and which are Securities or other Investment Property and (ii) any financial intermediary which is the holder of any Securities or
other Investment Property, to cause Collateral Agent to have and retain “control” (within the meaning of the applicable Uniform Commercial Code) over such Securities or other Investment Property in form and substance reasonably
satisfactory to the Collateral Agent. 
 Section 4.4.    Stock and Other Ownership Interests. 

4.4.1    Changes in Capital Structure of Issuers. Except as otherwise permitted under the Credit Agreement, none of
the Grantors will vote any of the Securities, Ownership Interests or other Investment Property in favor of, or take any other action to permit or suffer, any issuer of privately held corporate securities or other ownership interests in a
corporation, limited partnership, general partnership, joint venture or limited liability company constituting Collateral to dissolve, liquidate, retire any of its capital stock, Ownership Interests or other Securities evidencing ownership, reduce
its capital or merge or consolidate with any other entity. 

  
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 4.4.2    Registration of Pledged Securities and other Investment
Property. Each Grantor will permit any registerable Pledged Securities or any Ownership Interest which become a Security to be registered in the name of Collateral Agent or its nominee at any time an Event of Default has occurred and is
continuing at the option of the Collateral Agent and the Majority Lenders, or if the Swap Counterparties are the Controlling Party, the Swap Counterparties holding a majority of the Swap Obligations (as defined in the Swap Intercreditor Agreement).

 4.4.3    Exercise of Rights in Pledged Securities and other Investment Property. Each Grantor will permit
Collateral Agent or its nominee at any time after the occurrence and during the continuance of an Event of Default, without notice, to exercise all voting and corporate rights relating to the Pledged Securities, including, without limitation,
exchange, subscription or any other rights, privileges, or options pertaining to any Pledged Securities and the Stock Rights as if it were the absolute owner thereof. 

Section 4.5.    Commercial Tort Claims. Each Grantor further agrees that it will, upon obtaining any additional Commercial
Tort Claims that could reasonably be expected to result in a judgment in such Grantor’s favor in excess of $5,000,000, promptly (and in any event within thirty (30) days) deliver to Collateral Agent a Pledge Amendment, duly executed by
such Grantor, in substantially the form of Schedule V annexed hereto (a “Pledge Amendment”), in respect of such additional Commercial Tort Claims. Each Grantor hereby authorizes Collateral Agent to attach each Pledge
Amendment to this Agreement and agrees that all Commercial Tort Claims listed on any Pledge Amendment delivered to Collateral Agent shall for all purposes hereunder be considered Collateral; provided that the failure of such Grantor to
execute a Pledge Amendment with respect to any Commercial Tort Claims pledged pursuant to this Agreement shall not impair the security interest of Collateral Agent therein or otherwise adversely affect the rights and remedies of Collateral Agent
hereunder with respect thereto. 
 Section 4.6.    Additional Grantors. From time to time subsequent to the date hereof,
additional Persons may become parties hereto as additional Grantors (each, an “Additional Grantor”), by executing a Counterpart Agreement. Upon delivery of any such Counterpart Agreement to Collateral Agent, notice of which is
hereby waived by each Grantor, each Additional Grantor shall be a Grantor and shall be as fully a party hereto as if such Additional Grantor were an original signatory hereto. Each Grantor expressly agrees that its obligations arising hereunder
shall not be affected or diminished by the addition or release of any other Grantor hereunder, nor by any election of Collateral Agent not to cause any Subsidiary of Borrower or any other Grantor to become an Additional Grantor hereunder. This
Agreement shall be fully effective as to any Grantor that is or becomes a party hereto regardless of whether any other Person becomes or fails to become or ceases to be a Grantor hereunder. 

Section 4.7.    Subject to Section 5.16 of the Credit Agreement, each Grantor shall maintain Securities Entitlements, Securities
Accounts and Deposit Accounts (other than Deposit Accounts that are Excluded Accounts) only with financial institutions that have agreed to comply with entitlement orders and instructions issued or originated by the Collateral Agent without further

  
 19 

 
consent of such Grantor, such agreement to be in form and substance reasonably satisfactory to the Collateral Agent and the Majority Lenders, or if the Swap Counterparties are the Controlling
Party, the Swap Counterparties holding a majority of the Swap Obligations (as defined in the Swap Intercreditor Agreement). 

Section 4.8.    If any of the Collateral is or shall become evidenced or represented by a Commodity Contract, such Grantor shall
cause the Commodity Intermediary with respect to such Commodity Contract to agree in writing with such Grantor and the Collateral Agent that such Commodity Intermediary will apply any value distributed on account of such Commodity Contract as
directed by the Collateral Agent without further consent of such Grantor, such agreement to be in form and substance reasonably satisfactory to the Collateral Agent and the Majority Lenders, or if the Swap Counterparties are the Controlling Party,
the Swap Counterparties holding a majority of the Swap Obligations (as defined in the Swap Intercreditor Agreement). 

Section 4.9.    Letter of Credit Rights. Within ten (10) days after the date of obtaining any Letter of Credit Rights
other than in respect of the letters of credit described on Schedule IV hereto, each Grantor shall provide the Collateral Agent with an amended or supplemented Schedule IV to reflect such additional letters of credit. 

Section 4.10.    Without the prior written consent of the Majority Lenders (or if the Swap Counterparties are the Controlling Party,
the Swap Counterparties holding a majority of the Swap Obligations (as defined in the Swap Intercreditor Agreement)) no Grantor will (i) vote to enable, or take any other action to permit, any issuer of any Pledged Securities to amend its
Organizational Documents in any manner that materially changes the rights of such Grantor with respect to any Pledged Securities or adversely affects the validity, perfection or priority of the Collateral Agent’s security interest therein,
(ii) enter into any agreement or undertaking restricting the right or ability of such Grantor or the Collateral Agent to sell, assign or transfer any of the Investment Property or Proceeds thereof or any interest therein or (iii) cause or
permit any issuer of any Pledged Securities which are not securities (for purposes of the UCC) on the date hereof to elect or otherwise take any action to cause such Pledged Securities to be treated as securities for purposes of the UCC; provided,
however, that notwithstanding the foregoing, if any issuer of any Pledged Securities takes any such action in violation of the foregoing in this clause (iii), such Grantor shall promptly notify the Collateral Agent in writing of any such election or
action and, in such event, shall take all steps necessary or advisable to establish the Collateral Agent’s “control” thereof, in form and substance reasonably satisfactory to the Collateral Agent and the Majority Lenders (or if the
Swap Counterparties are the Controlling Party, the Swap Counterparties holding a majority of the Swap Obligations (as defined in the Swap Intercreditor Agreement)). 

  
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 ARTICLE V. 

REMEDIES UPON EVENT OF DEFAULT 

Section 5.1.    Acceleration and Remedies. Upon the occurrence and continuance of an Event of Default, Collateral Agent may
exercise any or all of the following rights and remedies: 
 5.1.1    Those rights and remedies provided in this
Agreement, the Credit Agreement, or any other Loan Document, provided that this Section 5.1.1 shall not be understood to limit any rights or remedies available to Collateral Agent and the Secured Parties prior to an
Event of Default. 
 5.1.2    Those rights and remedies available to Collateral Agent under the UCC (whether or not the
UCC applies to the affected Collateral) or under any other applicable law (including, without limitation, any law governing the exercise of a bank’s right of setoff or bankers’ lien). 

5.1.3    Without notice except as specifically provided in Section 9.1 or elsewhere herein,
collect, receive, appropriate and realize upon the Collateral, or any part thereof, and/or sell, lease, assign, grant an option or options to purchase or otherwise dispose of the Collateral or any part thereof in one or more parcels at public or
private sale, for cash, on credit or for future delivery, and upon such other terms as Collateral Agent may deem commercially reasonable. 
 Collateral
Agent, on behalf of the Secured Parties, may comply with any applicable state or federal law requirements in connection with a disposition of the Collateral and compliance will not be considered to adversely affect the commercial reasonableness of
any sale of the Collateral. 
 Section 5.2.    Each Grantor’s Obligations Upon an Event of Default. Upon the request of
Collateral Agent after the occurrence and during the continuance an Event of Default, each Grantor will, subject to the terms of the Swap Intercreditor Agreement: 

5.2.1    Assembly of Collateral. Assemble and make available to Collateral Agent the Collateral and all records
relating thereto at any place or places specified by Collateral Agent. 
 5.2.2    Collateral Agent Access.
Permit Collateral Agent, by Collateral Agent’s representatives and agents, to enter any premises where all or any part of the Collateral, or the books and records relating thereto, or both, are located, to take possession of all or any part of
the Collateral and to remove all or any part of the Collateral. 
 ARTICLE VI. 

WAIVERS, AMENDMENTS AND 

REMEDIES 
 No delay or
omission of Collateral Agent or any Secured Party to exercise any right or remedy granted under this Agreement shall impair such right or remedy or be construed to be a waiver of any Event of Default or an acquiescence therein, and any single or
partial exercise of any such right or remedy shall not preclude any other or further exercise thereof or the exercise of any other right or remedy. Except for any Pledge Amendment executed and delivered to Collateral Agent by any Grantor in
accordance with the terms of Section 4.5, no waiver, amendment or other variation of the terms, conditions or provisions of this Agreement whatsoever shall be valid unless in writing signed by Collateral Agent with the
concurrence or at 

  
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the direction of the Majority Lenders (or if the Swap Counterparties are the Controlling Party, the Swap Counterparties holding a majority of the Swap Obligations (as defined in the Swap
Intercreditor Agreement)) and then only to the extent in such writing specifically set forth. All rights and remedies contained in this Agreement or by law afforded shall be cumulative and all shall be available to Collateral Agent and the Secured
Parties until the Secured Obligations have been paid in full. 
 ARTICLE VII. 

PROCEEDS 

Section 7.1.    Application of Proceeds. Subject to the terms of the Swap Intercreditor Agreement, the proceeds of the
Collateral shall be applied by Collateral Agent to payment of the Secured Obligations in the order and manner contemplated by the Credit Agreement. 

ARTICLE VIII. 
 NOTICES

 Section 8.1.    Sending Notices. Any notice required or permitted to be given under this Agreement shall be sent (and
deemed received) in the manner and to the addresses set forth in Section 10.01 of the Credit Agreement. 

Section 8.2.    Change in Address for Notices. Collateral Agent or any Grantor may change the address for service of notice
upon it by a notice in writing to the other parties. 
 ARTICLE IX. 

GENERAL PROVISIONS 

Section 9.1.    Notice of Disposition of Collateral; Condition of Collateral. Subject to the terms of the Swap Intercreditor
Agreement, each Grantor hereby waives notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made. To the extent such notice may not be waived under
applicable law, any notice made shall be deemed reasonable if sent to a Grantor, addressed as set forth in Article VIII, at least ten (10) days prior to (i) the date of any such public sale or (ii) the time after which any such
private sale or other disposition may be made. Collateral Agent shall have no obligation to prepare the Collateral for sale. 

Section 9.2.    Collateral Agent Performance of Debtor Obligations. Without having any obligation to do so, and subject to the
terms of the Swap Intercreditor Agreement, Collateral Agent or the other Secured Parties may perform or pay any obligation which a Grantor has agreed to perform or pay in this Agreement and such Grantor shall reimburse Collateral Agent or such other
Secured Parties for any amounts paid by Collateral Agent or such other Secured Parties pursuant to this Section 9.2. The Grantors’ obligations to reimburse Collateral Agent and other Secured Parties pursuant to the
preceding sentence shall be a Secured Obligation payable on demand. 

  
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 Section 9.3.    Authorization for Collateral Agent to Take Certain Action. Each
Grantor irrevocably authorizes Collateral Agent at any time and from time to time in the sole discretion of Collateral Agent and appoints Collateral Agent as its attorney in fact (i) to file financing statements, amendments and continuations
necessary or desirable in Collateral Agent’s sole discretion to perfect and to maintain the perfection and priority of Collateral Agent’s security interest in the Collateral, (ii) after the occurrence and during the continuance of an
Event of Default, to indorse and collect any cash proceeds of the Collateral, (iii) to file a carbon, photographic or other reproduction of this Agreement or any financing statement with respect to the Collateral as a financing statement and to
file any other financing statement or amendment of a financing statement (which does not add new collateral or add a debtor) in such offices as Collateral Agent in its sole discretion deems necessary or desirable to perfect and to maintain the
perfection and priority of Collateral Agent’s security interest in the Collateral, (iv) to contact and enter into one or more agreements with the issuers of Uncertificated Securities which are Collateral and which are Securities or other
Investment Property or with financial intermediaries holding Securities or other Investment Property as may be necessary or advisable to give Collateral Agent Control over such Securities or other Investment Property, (v) after the occurrence
and during the continuance of an Event of Default, to apply the proceeds of any Collateral received by Collateral Agent to the Secured Obligations as provided in Article VII, (vi) after the occurrence and during the continuance of an Event of
Default, to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), (vii) after the occurrence and during the continuance of an Event of Default, to take
possession of and indorse and collect any checks, drafts, notes, acceptances or other instruments for the payment of moneys due with respect to any Collateral and file any claim or take any other action or proceeding in any court of law or equity or
otherwise deemed appropriate by Collateral Agent for the purpose of collecting any and all such moneys due with respect to any Collateral, and (viii) after the occurrence and during the continuance of an Event of Default, to direct any party
liable for any payment under any of the Collateral to make payment of any and all moneys due or to become due thereunder directly to Collateral Agent or as Collateral Agent shall direct. Grantor agrees to reimburse Collateral Agent on demand for any
payment made or any expense incurred by Collateral Agent in connection with any actions taken by Collateral Agent pursuant to clauses (i) through (viii) above, provided that this authorization shall not relieve any Grantor of any of its
obligations under this Agreement or under the Credit Agreement. The power of attorney granted hereby is coupled with an interest and shall be irrevocable until Security Termination. 

Section 9.4.    Specific Performance of Certain Covenants. Each Grantor acknowledges and agrees that a breach of any of the
covenants contained in Sections 4.1.3, 4.1.4, 4.2, 4.3, 4.7, 4.8, 4.10, 5.2, or 9.5 or in Article VII will cause irreparable injury to Collateral Agent and the Secured Parties,
that Collateral Agent and Secured Parties have no adequate remedy at law in respect of such breaches and therefore agrees, without limiting the right of Collateral Agent or the Secured Parties to seek and obtain specific performance of other
obligations of Grantor contained in this Agreement, that the covenants of such Grantor contained in the Sections referred to in this Section 9.4 shall be specifically enforceable against such Grantor. 

Section 9.5.    Dispositions Not Authorized. Except as otherwise permitted under the Credit Agreement, none of the Grantors is
authorized to sell or otherwise dispose of the Collateral and notwithstanding any course of dealing between any Grantor and Collateral Agent or other 

  
 23 

 
conduct of Collateral Agent, no authorization to sell or otherwise dispose of the Collateral shall be binding upon Collateral Agent or the Secured Parties unless such authorization is in writing
signed by Collateral Agent. 
 Section 9.6.    Benefit of Agreement. The terms and provisions of this Agreement shall be
binding upon and inure to the benefit of each Grantor, Collateral Agent and the Secured Parties and their respective successors and assigns (including all persons who become bound as a debtor to this Agreement), except that none of the Grantors
shall have the right to assign its rights or delegate its obligations under this Agreement or any interest herein, without the prior written consent of Collateral Agent. 

Section 9.7.    Survival of Representations. All representations and warranties of each Grantor contained in this Agreement
shall survive the execution and delivery of this Agreement. 
 Section 9.8.    Headings. The title of and section headings
in this Agreement are for convenience of reference only, and shall not govern the interpretation of any of the terms and provisions of this Agreement. 

Section 9.9.    Releases. 

(a)    Upon the Security Termination, but subject to the terms of the Swap Intercreditor Agreement, the Collateral shall be
released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of Collateral Agent and each Grantor hereunder shall terminate, all without delivery of any instrument or
performance of any act by any party, and all rights to the Collateral shall revert to the Grantors. At the request and sole expense of any Grantor following any such termination, and subject to the provisions in Article IX of the Credit Agreement,
Collateral Agent shall deliver to such Grantor any Collateral held by Collateral Agent hereunder, and execute and deliver to such Grantor such documents as such Grantor shall reasonably request to evidence such termination. 

(b)    Subject to the terms of the Swap Intercreditor Agreement, if any of the Collateral shall be sold, transferred or
otherwise disposed of by any Grantor in a transaction permitted by the Credit Agreement, then Collateral Agent, at the request and sole expense of such Grantor, but subject to the provisions in Article IX of the Credit Agreement, shall promptly
execute and deliver to such Grantor all releases or other documents reasonably necessary or desirable for the release of the Liens created hereby on such Collateral. At the request and sole expense of the Borrower, a Grantor shall be released from
its obligations hereunder in the event that all the capital stock of such Grantor shall be sold, transferred or otherwise disposed of in a transaction permitted by the Credit Agreement; provided that the Borrower shall have delivered to
Collateral Agent, at least five (5) Business Days prior to the date of the proposed release, a request for release identifying the relevant Grantor and the terms of the sale or other disposition in reasonable detail, including the price thereof
and any anticipated expenses in connection therewith, together with a certification by the Borrower stating that such transaction is in compliance with the Credit Agreement and the other Loan Documents and the Swap Documents (as defined in the Swap
Intercreditor Agreement) (and the Secured Parties, by accepting the benefits hereof, authorize the Collateral Agent to conclusively rely on such certification as evidence that such transaction is in compliance with the Credit Agreement and the other
Loan Documents in performing its obligations under this clause (b)). 

  
 24 

 Section 9.10.    ENTIRE AGREEMENT. THIS AGREEMENT, THE CREDIT AGREEMENT AND THE
OTHER LOAN DOCUMENTS AND THE SWAP DOCUMENTS (AS DEFINED IN THE SWAP INTERCREDITOR AGREEMENT) REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES HERETO AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF
THE PARTIES HERETO. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES HERETO. 
 Section 9.11.    CHOICE OF LAW.
THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF NEW YORK. 

Section 9.12.    WAIVER OF JURY TRIAL. EACH GRANTOR AND, BY ACCEPTANCE OF THE BENEFITS HEREOF, COLLATERAL AGENT AND EACH
SECURED PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

Section 9.13.    Expenses; Indemnity; Damage Waiver. Section 10.03 of the Credit Agreement is hereby incorporated by
reference mutatis mutandis, as if stated verbatim herein as agreements and obligations of each Grantor. 

Section 9.14.    Counterparts; Fax. This Agreement may be separately executed in any number of counterparts, all of which when
so executed shall be deemed to constitute one and the same Agreement. This Agreement may be validly executed and delivered by facsimile or other electronic transmission. 

Section 9.15.    Consent of Pledge of Pledged Securities. Each Grantor consents to the grant by each other Grantor of a
security interest in all Pledged Securities to Collateral Agent, and without limiting the foregoing, consents to the transfer of such Pledged Securities to Collateral Agent or its nominee following an Event of Default and to the substitution of
Collateral Agent or its nominee as a partner in any partnership or as a member in any limited liability company with all the rights and powers related thereto. 

Section 9.16.    Amendment and Restatement. The parties hereto acknowledge that this Agreement amends and restates each of the
Existing Collateral Documents in its entirety. It is the intent of the parties hereto that this Agreement neither constitute a novation of the Secured Obligations and liabilities existing under the Existing Collateral Documents nor evidence the
termination of such obligations and liabilities but be, to the fullest extent applicable, a modification, renewal, confirmation and extension of such Existing Collateral Documents. The parties hereto acknowledge that the Liens, security interests
and other interests in the collateral covered by the Existing Collateral Agreement (hereinafter the “Original Collateral”) granted under the Existing Collateral Documents shall remain legal, valid, binding and enforceable with
regard to such Original Collateral, except to the extent of any Original Collateral expressly 

  
 25 

 
released from such Liens, security interests and other interests by the Existing Collateral Agent prior to the effectiveness of this Agreement (the “Released Collateral” and, the
Original Collateral excluding the Released Collateral, the “Existing Collateral”). Each Grantor hereby acknowledges and confirms the continuing existence and effectiveness of such Liens, security interests, and other interests in
the Existing Collateral granted under the Existing Collateral Documents and further agrees that the execution and delivery of this Agreement and the other Loan Documents shall not in any way release, diminish, impair, reduce or otherwise affect such
Liens, security interests and other interests in the Existing Collateral granted under the Existing Collateral Documents. The parties hereto acknowledge that the Liens, security interests and other interests in the Existing Collateral shall continue
to exist under and be evidenced by this Agreement. On and after the date hereof, all references to any Existing Collateral Document (or to any amendment or any amendment and restatement thereof) in the Credit Agreement or any related document (other
than this Agreement) shall be deemed to refer to such Existing Collateral Document, as amended and restated hereby. This amendment and restatement is limited as written and is not a consent to any other amendment, restatement or waiver, whether or
not similar. 
 Section 9.17.    Swap Intercreditor Agreement. In the event of a conflict between the provisions of this
Agreement and the provisions of the Swap Intercreditor Agreement, the provisions of the Swap Intercreditor Agreement shall govern and control. 

Section 9.18.    Intercreditor Agreement. Reference is made to the Intercreditor Agreement, dated as of March 3, 2017,
between Wilmington Trust, National Association, as Priority Lien Agent (as defined therein), and Wilmington Trust, National Association, as Second Lien Agent (as defined therein) (the “Intercreditor Agreement”). Each Person that is
secured hereunder, by accepting the benefits of the security provided hereby, (i) agrees (or is deemed to agree) that it will be bound by, and will take no actions contrary to, the provisions of the Intercreditor Agreement, (ii) authorizes
(or is deemed to authorize) the Priority Lien Agent on behalf of such Person to enter into, and perform under, the Intercreditor Agreement and (iii) acknowledges (or is deemed to acknowledge) that a copy of the Intercreditor Agreement was
delivered, or made available, to such Person. 
 Notwithstanding any other provision contained herein, this Agreement, the Liens created hereby and the
rights, remedies, duties and obligations provided for herein are subject in all respects to the provisions of the Intercreditor Agreement and, to the extent provided therein, the applicable Security Documents (as defined in the Intercreditor
Agreement). In the event of any conflict or inconsistency between the provisions of this Agreement and the Intercreditor Agreement, the provisions of the Intercreditor Agreement shall control. 

ARTICLE X. 
 LIEN
ABSOLUTE; WAIVER OF SURETYSHIP DEFENSES 
 Section 10.1.    Lien Absolute, Waivers. 

10.1.1    Subject to the terms of the Swap Intercreditor Agreement, all rights of Collateral Agent hereunder, and all
obligations of Grantors hereunder, shall be absolute and 

  
 26 

 
unconditional irrespective of, shall not be affected by, and shall remain in full force and effect without regard to, and each Grantor hereby waives all, rights, claims or defenses that it might
otherwise have (now or in the future) with respect to, in each case, each of the following (whether or not such Grantor has knowledge thereof): 
  

	 	(i)	the validity or enforceability of the Credit Agreement or any other Loan Document or any Swap Document (as defined in the Swap Intercreditor Agreement), any of the Secured Obligations or any guarantee or right of offset
with respect thereto at any time or from time to time held by any Secured Party; 

  

	 	(ii)	any renewal, extension or acceleration of, or any increase in the amount of the Secured Obligations, or any amendment, supplement, modification or waiver of, or any consent to departure from, the Loan Documents or the
Swap Documents (as defined in the Swap Intercreditor Agreement); 

  

	 	(iii)	any failure or omission to assert or enforce or agreement or election not to assert or enforce, delay in enforcement, or the stay or enjoining, by order of court, by operation of law or otherwise, of the exercise or
enforcement of, any claim or demand or any right, power or remedy (whether arising under any Loan Documents, Swap Documents (as defined in the Swap Intercreditor Agreement), at law, in equity or otherwise) with respect to the Secured Obligations or
any agreement relating thereto, or with respect to any other guaranty of or security for the payment of the Secured Obligations; 

  

	 	(iv)	any change, reorganization or termination of the corporate structure or existence of Borrower or any other Grantor or any of their Subsidiaries and any corresponding restructuring of the Secured Obligations;

  

	 	(v)	any settlement, compromise, release, or discharge of, or acceptance or refusal of any offer of payment or performance with respect to, or any substitutions for, the Secured Obligations or any subordination of the
Secured Obligations to any other obligations; 

  

	 	(vi)	the validity, perfection, non-perfection or lapse in perfection, priority or avoidance of any security interest or lien, the release of any or all collateral securing, or
purporting to secure, the Secured Obligations or any other impairment of such collateral; 

  

	 	(vii)	 any exercise of remedies with respect to any security for the Secured Obligations (including, without limitation,
any collateral, including the Collateral securing or purporting to secure any of the Secured Obligations) at such time and in such order and in such 

  
 27 

	 	
manner as the Collateral Agent and the Secured Parties may decide and whether or not every aspect thereof is commercially reasonable and whether or not such action constitutes an election of
remedies and even if such action operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy that any Grantor would otherwise have and without limiting the generality of the foregoing or any other provisions
hereof, each Grantor hereby expressly waives any and all benefits which might otherwise be available to such Grantor under applicable law; and 

  

	 	(viii)	any other circumstance whatsoever which may or might in any manner or to any extent vary the risk of any Grantor as an obligor in respect of the Secured Obligations or which constitutes, or might be construed to
constitute, an equitable or legal discharge of the Borrower or any other Grantor for the Secured Obligations, or of such Grantor under the guarantee contained in the Credit Agreement or of any security interest granted by any Grantor, whether in a
bankruptcy proceeding or in any other instance. 

 10.1.2    Each Grantor waives diligence, presentment,
protest, marshaling, demand for payment, notice of dishonor, notice of default and notice of nonpayment to or upon the Borrower or any of the other Grantors with respect to the Secured Obligations. Except for notices provided for herein, each
Grantor hereby waives notice (to the extent permitted by applicable law) of any kind in connection with this Agreement or any collateral securing the Secured Obligations, including, without limitation, the Collateral. Subject to the terms of the
Swap Intercreditor Agreement, when making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Grantor, Collateral Agent may, but shall be under no obligation to, make a similar demand on or otherwise pursue such
rights and remedies as it may have against Borrower, any other Grantor or any other Person or against any collateral security or guarantee for the Secured Obligations or any right of offset with respect thereto, and any failure by Collateral Agent
to make any such demand, to pursue such other rights or remedies or to collect any payments from Borrower, any other Grantor or any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or
any release of Borrower, any other Grantor or any other Person or any such collateral security, guarantee or right of offset, shall not relieve any Grantor of any obligation or liability hereunder, and shall not impair or affect the rights and
remedies, whether express, implied or available as a matter of law, of Secured Party against any Grantor. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings. 

[Signature Pages Follow] 

  
 28 

 IN WITNESS WHEREOF, Grantors and Collateral Agent have executed this Agreement as of the date
first above written. 
  

			
	GRANTORS:
	
	GASTAR EXPLORATION INC.
		
	By:	 	 /s/ J. Russell Porter

	Name:	 	J. Russell Porter
	Title:	 	President and Chief Executive Officer

  
 Signature Page 

Third Amended and Restated Pledge and Security Agreement 

			
	NORTHWEST PROPERTY VENTURES LLC
		
	By:	 	 /s/ J. Russell Porter

	Name:	 	J. Russell Porter
	Title:	 	President and Chief Executive Officer

  
 Signature Page 

Third Amended and Restated Pledge and Security Agreement 

			
	COLLATERAL AGENT:
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Jennifer Anderson

	Name:	 	Jennifer Anderson
	Title:	 	Assistant Vice President

  
 Signature Page 

Third Amended and Restated Pledge and Security Agreement 

 EXHIBIT A 

PLACE OF BUSINESS OR CHIEF EXECUTIVE OFFICE 

Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address: 

 

			
	 Place of Business
	 	 Mailing Address

	Gastar Exploration Inc.	 	1331 Lamar Street, Suite 650, Houston, TX 77010
	Northwest Property Ventures LLC	 	1331 Lamar Street, Suite 650, Houston, TX 77010

 EXHIBIT B 

OTHER NAMES 
  

					
	 Grantor
	  	 Other Names
	  	 Transmitting Utility

	 	  	 	  	 (Yes/No)

	Gastar Exploration Inc.	  	Gastar Exploration USA, Inc.	  	No
	 Northwest Property Ventures

LLC
	  	None	  	No

 EXHIBIT C 

FEDERAL TAXPAYER IDENTIFICATION NUMBER 
  

			
	 Grantor
	  	 Federal Employer Identification
Number

	Gastar Exploration Inc.	  	38-3531640
	Northwest Property Ventures LLC	  	81-5365433

 EXHIBIT D 

LOCATION FOR PURPOSES OF UCC 
  

			
	 Grantor
	  	 Jurisdiction

	Gastar Exploration Inc.	  	Delaware
	Northwest Property Ventures LLC	  	Oklahoma

 FILINGS AND OTHER ACTIONS 

REQUIRED TO PERFECT SECURITY INTERESTS 

Uniform Commercial Code Filings  

The filing of a financing statement in each of the jurisdictions listed above. 

Copyright, Patent and Trademark Filings  

None 
 Actions with
respect to Investment Property  
 None 

Other Actions  

None 

 SCHEDULE I 

List of Pledged Securities and Pledged Notes 

A. STOCKS: 
  

															
	 Grantor
	  	 Issuer
	  	 Certificate
Number
	 	  	 Number of
Shares
	 	  	 Ownership
Interest
	 
	 Gastar Exploration Inc.
	  	 Northwest Property

Ventures LLC
	  	 	N/A	 	  	 	N/A	 	  	 	100	% 

 B. OTHER SECURITIES, INVESTMENT PROPERTY AND OWNERSHIP INTERESTS 

(CERTIFICATED AND UNCERTIFICATED): 
 None. 

C. PLEDGED NOTES: 
  

											
	 Grantor
	  	Issuer	  	Payee	  	Maturity Date	  	Principal Amount	 
	 Gastar Exploration Inc.
	  	SEI Energy, LLC1	  	SEI Energy, LLC	  	December 1, 2016	  	$	2,162,789.31	 

  

	1 	SEI has declared bankruptcy. 

 SCHEDULE II 

Commercial Tort Claims 
  

	1.	Eagle Natrium, LLC v. Gastar Exploration USA, Inc., G.D. No. 14-007208 pending in Allegheny County, Pennsylvania. 

 SCHEDULE III 

Securities Accounts, Commodities Accounts and Deposit Accounts 

Securities Accounts: 
  

											
	 Grantor
	  	 Issuer of

Financial Asset
	  	
Description of
Financial Asset
	  	 Securities
Intermediary

(Name and

Address)
	  	
Securities Account
(Number and
Location)
	  	
Securities Intermediary’s
Jurisdiction Under UCC
Section 9-305(a)(3)

						
	Gastar Exploration Inc.	  	N/A	  	Government Money Market Fund	  		  		  	

 Commodities Accounts: 
  

									
	 Grantor
	  	 Description of

Commodity Contract
	  	 Commodity

Intermediary

(Name and Address)
	  	Commodity Account
(Number and Location)	  	 Commodity

Intermediary’s

Jurisdiction Under UCC
Section
9-305(a)(4)

					
	None.	  	None.	  	None.	  	None.	  	None.

 Deposit Accounts: 
  

							
	 Grantor
	  	 Name of

Depositary Bank
	  	 Account Number
	  	 Account Name

				
	 Gastar Exploration Inc.
	  	 Wells Fargo
	  		  	
				
	 Gastar Exploration Inc.
	  	 Wells Fargo
	  		  	
				
	 Gastar Exploration Inc.
	  	 Wells Fargo
	  		  	
				
	 Gastar Exploration Inc.
	  	 Wells Fargo
	  		  	
				
	 Gastar Exploration Inc.
	  	 Wells Fargo
	  		  	
				
	 Gastar Exploration Inc.
	  	 Texas Capital Bank
	  		  	

 SCHEDULE IV 

LETTER OF CREDIT RIGHTS 
 None. 

 SCHEDULE V 

PLEDGE AMENDMENT 
 This Pledge Amendment,
dated [                    ] is delivered pursuant to Section 4.5 of the Agreement referred to below. The undersigned hereby agrees that
this Pledge Amendment may be attached to the Third Amended and Restated Pledge and Security Agreement dated as of March 3, 2017, by and among the Grantors party thereto and Wilmington Trust, National Association, as collateral agent for the
Secured Parties (as amended, restated, supplemented or otherwise modified from time to time; capitalized terms defined therein being used herein as defined therein) and that the Commercial Tort Claims listed on this Pledge Amendment shall be deemed
to be part of the Collateral and shall secure all Secured Obligations. 
  

	 	1.	[                    ] 

  

	 	2.	[                    ] 

 

			
	[                                    
    ]
		
	By:	 	
	Name:	 	
	Title:

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