Document:

EX-10.5

 Exhibit 10.5 

EXECUTION COPY 
  

			
		  	 Published CUSIP Number: 81810HAAO

Term Loan B CUSIP Number: 818104AB8

 $400 MILLION TERM LOAN CREDIT AGREEMENT 

Dated as of June 25, 2014 

among 
 CHESAPEAKE
OILFIELD OPERATING, L.L.C. 
 (to be known as SEVENTY SEVEN ENERGY INC.), 

as the Parent, 
 SEVENTY
SEVEN OPERATING LLC 
 as the Borrower, 

BANK OF AMERICA, N.A., 

as Administrative Agent, 

and 
 The Other Lenders
Party Hereto 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 

MORGAN STANLEY & CO., LLC, AND 

WELLS FARGO SECURITIES, LLC, 

as Joint Lead Arrangers and Joint Bookrunners 

Andrews Kurth LLC 
 Counsel to
Administrative Agent 

 TABLE OF CONTENTS 

 

							
	ARTICLE I	  
	
	DEFINITIONS AND ACCOUNTING TERMS	  
			
	 Section 1.01
	 	 Defined Terms
	  	 	1	  
	 Section 1.02
	 	 Other Interpretive Provisions
	  	 	42	  
	 Section 1.03
	 	 Accounting Terms
	  	 	43	  
	 Section 1.04
	 	 Rounding
	  	 	44	  
	 Section 1.05
	 	 Times of Day
	  	 	44	  
	
	ARTICLE II	  
	
	THE COMMITMENTS AND LOANS	  
			
	 Section 2.01
	 	 The Loans
	  	 	44	  
	 Section 2.02
	 	 Borrowings, Conversions and Continuations of Loans
	  	 	44	  
	 Section 2.03
	 	 Prepayments
	  	 	46	  
	 Section 2.04
	 	 Repayment of Loans
	  	 	48	  
	 Section 2.05
	 	 Interest
	  	 	49	  
	 Section 2.06
	 	 Fees
	  	 	49	  
	 Section 2.07
	 	 Computation of Interest and Fees
	  	 	49	  
	 Section 2.08
	 	 Evidence of Debt
	  	 	50	  
	 Section 2.09
	 	 Payments Generally; Administrative Agent’s Clawback
	  	 	50	  
	 Section 2.10
	 	 Sharing of Payments by Lenders
	  	 	52	  
	 Section 2.11
	 	 Increase in Commitments
	  	 	53	  
	 Section 2.12
	 	 Defaulting Lenders
	  	 	55	  
	 Section 2.13
	 	 Discounted Voluntary Prepayments
	  	 	56	  
	
	ARTICLE III	  
	
	TAXES, YIELD PROTECTION AND ILLEGALITY	  
			
	 Section 3.01
	 	 Taxes
	  	 	58	  
	 Section 3.02
	 	 Illegality
	  	 	62	  
	 Section 3.03
	 	 Inability to Determine Rates
	  	 	63	  
	 Section 3.04
	 	 Increased Costs; Reserves on Eurodollar Rate Loans
	  	 	64	  
	 Section 3.05
	 	 Compensation for Losses
	  	 	65	  
	 Section 3.06
	 	 Mitigation Obligations; Replacement of Lenders
	  	 	66	  
	 Section 3.07
	 	 Survival
	  	 	66	  
	
	ARTICLE IV	  
	
	CONDITIONS PRECEDENT TO LOANS	  
			
	 Section 4.01
	 	 Conditions of Lending
	  	 	66	  
	
	ARTICLE V	  
	
	REPRESENTATIONS AND WARRANTIES	  
			
	 Section 5.01
	 	 Existence, Qualification and Power
	  	 	69	  
	 Section 5.02
	 	 Authorization; No Contravention
	  	 	69	  
	 Section 5.03
	 	 Governmental Authorization, Other Consents
	  	 	69	  
	 Section 5.04
	 	 Binding Effect
	  	 	70	  

  
 i 

							
	 Section 5.05
	 	 Financial Statements, No Material Adverse Effect
	  	 	70	  
	 Section 5.06
	 	 Litigation
	  	 	70	  
	 Section 5.07
	 	 No Default
	  	 	71	  
	 Section 5.08
	 	 Ownership of Property; Liens
	  	 	71	  
	 Section 5.09
	 	 Environmental Compliance
	  	 	72	  
	 Section 5.10
	 	 Insurance
	  	 	73	  
	 Section 5.11
	 	 Taxes
	  	 	73	  
	 Section 5.12
	 	 ERISA Compliance
	  	 	73	  
	 Section 5.13
	 	 Subsidiaries: Equity Interests; Loan Parties
	  	 	74	  
	 Section 5.14
	 	 Margin Regulations; Investment Company Act
	  	 	74	  
	 Section 5.15
	 	 Disclosure
	  	 	75	  
	 Section 5.16
	 	 Compliance with Laws
	  	 	75	  
	 Section 5.17
	 	 Intellectual Property; Licenses, Etc.
	  	 	75	  
	 Section 5.18
	 	 Solvency
	  	 	75	  
	 Section 5.19
	 	 Casualty, Etc.
	  	 	76	  
	 Section 5.20
	 	 Labor Matters
	  	 	76	  
	 Section 5.21
	 	 Collateral Documents
	  	 	76	  
	
	ARTICLE VI	  
	
	AFFIRMATIVE COVENANTS	  
			
	 Section 6.01
	 	 Financial Statements
	  	 	76	  
	 Section 6.02
	 	 Certificates, Other Information
	  	 	77	  
	 Section 6.03
	 	 Notices
	  	 	79	  
	 Section 6.04
	 	 Payment of Obligations
	  	 	80	  
	 Section 6.05
	 	 Preservation of Existence, Etc.
	  	 	80	  
	 Section 6.06
	 	 Maintenance of Properties
	  	 	80	  
	 Section 6.07
	 	 Maintenance of Insurance
	  	 	80	  
	 Section 6.08
	 	 Compliance with Laws
	  	 	80	  
	 Section 6.09
	 	 Books and Records
	  	 	81	  
	 Section 6.10
	 	 Inspection Rights
	  	 	81	  
	 Section 6.11
	 	 Use of Proceeds
	  	 	81	  
	 Section 6.12
	 	 Covenant to Guarantee Obligations and Give Security
	  	 	81	  
	 Section 6.13
	 	 Environmental Laws
	  	 	83	  
	 Section 6.14
	 	 Designation and Conversion of Unrestricted Subsidiaries
	  	 	83	  
	 Section 6.15
	 	 Anti-Corruption Laws
	  	 	84	  
	 Section 6.16
	 	 Post-Closing Requirements
	  	 	84	  
	
	ARTICLE VII	  
	
	NEGATIVE COVENANTS	  
			
	 Section 7.01
	 	 Limitation on Restricted Payments
	  	 	84	  
	 Section 7.02
	 	 Limitation on Dividend and Other Payment Restrictions Affecting Subsidiaries
	  	 	89	  
	 Section 7.03
	 	 Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock
	  	 	92	  
	 Section 7.04
	 	 Limitation on Asset Sales
	  	 	95	  
	 Section 7.05
	 	 Limitation on Transactions with Affiliates
	  	 	97	  
	 Section 7.06
	 	 Limitation on Liens
	  	 	99	  

  
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	Section 7.07	 	 Fundamental Changes
	  	 	100	  
	Section 7.08	 	 Use of Proceeds
	  	 	101	  
	Section 7.09	 	 Swap Contracts
	  	 	101	  
	Section 7.10	 	 Sanctions
	  	 	101	  
	Section 7.11	 	 Anti-Corruption Laws
	  	 	101	  
	Section 7.12	 	 Accounting Changes
	  	 	101	  
	
	ARTICLE VIII	  
	
	EVENTS OF DEFAULT AND REMEDIES	  
			
	Section 8.01	 	 Events of Default
	  	 	101	  
	Section 8.02	 	 Remedies upon Event of Default
	  	 	104	  
	Section 8.03	 	 Application of Funds
	  	 	104	  
	
	ARTICLE IX	  
	
	ADMINISTRATIVE AGENT	  
			
	Section 9.01	 	 Appointment and Authority
	  	 	105	  
	Section 9.02	 	 Rights as a Lender
	  	 	105	  
	Section 9.03	 	 Exculpatory Provisions
	  	 	106	  
	Section 9.04	 	 Reliance by Administrative Agent
	  	 	107	  
	Section 9.05	 	 Delegation of Duties
	  	 	107	  
	Section 9.06	 	 Resignation of Administrative Agent
	  	 	107	  
	Section 9.07	 	 Non-Reliance on Administrative Agent and Other Lenders
	  	 	108	  
	Section 9.08	 	 No Other Duties, Etc.
	  	 	108	  
	Section 9.09	 	 Administrative Agent May File Proofs of Claim
	  	 	109	  
	Section 9.10	 	 Collateral and Guaranty Matters
	  	 	110	  
	
	ARTICLE X	  
	
	MISCELLANEOUS	  
			
	Section 10.01	 	 Amendments, Etc.
	  	 	111	  
	Section 10.02	 	 Notices; Effectiveness; Electronic Communications
	  	 	113	  
	Section 10.03	 	 No Waiver; Cumulative Remedies; Enforcement
	  	 	115	  
	Section 10.04	 	 Expenses; Indemnity; Damage Waiver
	  	 	116	  
	Section 10.05	 	 Payments Set Aside
	  	 	117	  
	Section 10.06	 	 Successors and Assigns
	  	 	118	  
	Section 10.07	 	 Treatment of Certain Information: Confidentiality
	  	 	122	  
	Section 10.08	 	 Right of Setoff
	  	 	123	  
	Section 10.09	 	 Interest Rate Limitation
	  	 	123	  
	Section 10.10	 	 Counterparts; Integration; Effectiveness
	  	 	124	  
	Section 10.11	 	 Survival of Representations and Warranties
	  	 	124	  
	Section 10.12	 	 Severability
	  	 	124	  
	Section 10.13	 	 Replacement of Lenders
	  	 	124	  
	Section 10.14	 	 Governing Law: Jurisdiction; Etc.
	  	 	125	  
	Section 10.15	 	 Waiver of Jury Trial
	  	 	126	  
	Section 10.16	 	 No Advisory or Fiduciary Responsibility
	  	 	126	  
	Section 10.17	 	 Electronic Execution of Assignments and Certain Other Documents
	  	 	127	  
	Section 10.18	 	 USA PATRIOT Act
	  	 	127	  

  
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	Section 10.19	 	Time of the Essence	  	 	127	  
	Section 10.20	 	ENTIRE AGREEMENT	  	 	127	  
	Section 10.21	 	Release of Liens and Guarantees	  	 	128	  
	Section 10.22	 	Spin Off Transactions	  	 	128	  

  
 iv 

			
	SCHEDULES
		
	 1.01A
	 	Spin Off Steps
	 2.01
	 	Commitments and Applicable Percentages
	 5.05
	 	Material indebtedness
	 5.08(b)
	 	Existing Liens
	 5.08(c)
	 	Owned Real Property
	 5.08(d)(i)
	 	Leased Real Property (Lessee)
	 5.08(d)(ii)
	 	Leased Real Property (Lessor)
	 5.08(e)
	 	Existing Investments
	 5.09(d)
	 	Material Environmental Judicial Proceedings or Governmental or Administrative Actions
	 5.09(f)
	 	Operational Compliance with Environmental Laws
	 5.13
	 	Subsidiaries and Other Equity Investments; Loan Parties
	 6.15
	 	Unrestricted Subsidiaries
	 6.16
	 	Post Closing Requirements
	 10.02
	 	Administrative Agent’s Office, Certain Addresses for Notices

  

			
	EXHIBITS
	
	 Form of

	 A
	 	Administrative Questionnaire
	 B
	 	Assignment and Assumption
	 C
	 	Compliance Certificate
	 D
	 	Loan Notice
	 E
	 	Note
	 F
	 	Guaranty
	 G
	 	Security Agreement
	 H
	 	U.S. Tax Compliance Certificates
	 I
	 	Auction Procedure

  
 v 

 CREDIT AGREEMENT 

This CREDIT AGREEMENT (“Agreement”) is entered into as of June 25, 2014, among Seventy Seven Operating LLC, an
Oklahoma limited liability company (the “Borrower”), the Parent (as defined herein), each lender from time to time party hereto (collectively, the “Lenders” and individually, a
“Lender”), and BANK OF AMERICA, N.A., as Administrative Agent. 
 PRELIMINARY STATEMENTS: 

The Borrower has requested that the Lenders provide a term loan credit facility, and the Lenders have indicated their willingness to lend, in
each case, on the terms and subject to the conditions set forth herein. 
 In consideration of the mutual covenants and agreements herein
contained, the parties hereto covenant and agree as follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 

Section 1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings set forth below: 

“2019 Notes” means the senior unsecured notes due in 2019 issued under the 2019 Indenture 

“2019 Indenture” means the Indenture dated as of October 28, 2011 among the Chesapeake Oilfield Operating,
L.L.C., Chesapeake Oilfield Finance, Inc., the guarantors named therein and The Bank of New York Mellon Trust Company, N.A., as trustee, paying agent, registrar and transfer agent. 

“2022 Notes” means the 6.50% senior unsecured notes due 2022 issued under the 2022 Indenture. 

“2022 Indenture” means the Indenture dated as of June 26, 2014 among the Parent, the guarantors named therein and
Wells Fargo Bank, National Association, as trustee, paying agent, registrar and transfer agent. 
 “ABL Cash Management
Agreement” means any documents, instruments and agreements evidencing Cash Management Services under and as defined in the ABL Credit Agreement. 

“ABL Credit Agreement” means that certain revolving credit agreement among Parent, certain Subsidiaries of Parent,
Wells Fargo Bank, N.A., as Administrative Agent and a Lender and the other Lenders party thereto, dated as of June 25, 2014, including all security agreements, guarantees, pledge agreements and other agreements or instruments constituting
“Loan Documents” (or any successor term in any permitted refinancing) thereunder and executed in 

  
 1 

 
connection therewith including, without limitation, any ABL Cash Management Agreement and any ABL Secured Hedge Agreement, and, in each case, as amended, restated, modified, supplemented,
extended, increased, renewed, refunded, replaced in any manner (whether upon or after termination or otherwise, and whether with the original lenders, investors, agents or otherwise) or refinanced (including by means of any capital markets
transaction and involving any refinancing that increases the amount of Indebtedness borrowed or issued thereunder) in whole or in part from time to time. 

“ABL Secured Hedge Agreement” means any documents, instruments and agreements evidencing Bank Products under and as
defined in the ABL Credit Agreement. 
 “Acquired Debt” means, with respect to any specified Person: 

(1) Indebtedness of any other Person existing at the time such other Person was merged with or into or became a Subsidiary of
such specified Person, whether or not such Indebtedness is incurred in connection with, or in contemplation of, such other Person merging with or into, or becoming a Subsidiary of, such specified Person, but excluding Indebtedness which is
extinguished, retired or repaid in connection with such Person merging with or into or becoming a Subsidiary of such specified Person; and 

(2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person, but excluding Indebtedness that is
extinguished, retired or repaid in connection with such Person merging with or becoming a Restricted Subsidiary of such specified Person. 

“Administrative Agent” means Bank of America in its capacity as administrative agent under any of the Loan Documents,
or any successor administrative agent. 
 “Administrative Agent’s Office” means the Administrative Agent’s
address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders. 

“Administrative Questionnaire” means an Administrative Questionnaire in substantially the form of Exhibit A or
any other form approved by the Administrative Agent. 
 “Affiliate” means, with respect to any Person, another
Person that directly, or indirectly through one or more intermediaries. Controls or is Controlled by or is under common Control with the Person specified. 

“Aggregate Commitments” means the Commitments of all the Lenders. As of the Closing Date, the Aggregate Commitments
are $400,000,000. 
 “Agreement” has the meaning specified in the introductory paragraph hereto. 

“Applicable Class Percentage” means on any date of determination, the proportion (expressed as a percentage and
carried out to the ninth decimal place) that the aggregate applicable Class Outstanding Amount owed to any Lender bears to the aggregate applicable Class Outstanding Amounts owed to all Lenders at such time; provided that, if, on such date of

  
 2 

 
determination, no applicable Class Outstanding Amounts then exist, then the Applicable Class Percentage shall be determined based on the Applicable Class Percentage of such Lender most recently
in effect, giving effect to any subsequent assignments. 
 “Applicable Percentage” means, on any date of
determination the proportion (expressed as a percentage carried out to the ninth decimal place) that the aggregate Outstanding Amount owed to any Lender bears to the aggregate Outstanding Amounts owed to all Lenders at such time; provided
that, if, on any date of determination, no Outstanding Amounts then exist, then the Applicable Percentage shall be determined based on the Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments. The
initial Applicable Percentage of each Lender in respect of the Term Facility is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as
applicable. 
 “Applicable Rate” means (a) with respect to Eurodollar Rate Loans, 3.00%, and (b) with
respect to Base Rate Loans, 2.00%; provided, if (i) the ratio of Consolidated Funded Debt to Consolidated EBITDA is less than 2.75 to 1.00 and (ii) the Loans have a facility rating of not lower than Ba1 from Moody’s and BB+
from S&P, each of the above such Applicable Rates shall be reduced by 0.25% for so long as such conditions exist. 

“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender
or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Arrangers” means
Merrill Lynch, Pierce, Fenner & Smith, Incorporated, Morgan Stanley & Co., LLC and Wells Fargo Securities, LLC, each in its capacity as joint lead arranger and joint bookrunner. 

“Assignee Group” means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds
managed by the same investment advisor. 
 “Asset Sale” means: 

(a) the sale, lease, conveyance, transfer, assignment or other disposition of any properties or assets (including by way of a
sale and leaseback transaction or a merger or consolidation) other than in the ordinary course of business; provided, that the disposition of all or substantially all of the properties or assets of the Parent and its Restricted Subsidiaries
taken as a whole will be governed by Section 7.07 and not by Section 7.04; and 
 (b) the issuance of
Equity Interests in any of the Parent’s Restricted Subsidiaries or the sale of Equity Interests in any of its Restricted Subsidiaries. 

Notwithstanding the preceding, the following items will not be deemed to be Asset Sales: 

(1) any single transaction or series of related transactions that involves properties or assets having a fair market value of
less than $25.0 million; provided that all transactions under this clause shall not exceed $25.0 million in any given fiscal year; 

  
 3 

 (2) a transfer of assets between or among any of the Parent and its Restricted
Subsidiaries; 
 (3) an issuance or sale of Equity Interests by a Restricted Subsidiary to the Parent or to a Restricted
Subsidiary; 
 (4) the sale, lease or other disposition of inventory in the ordinary course of business; 

(5) transfers, abandonment or relinquishment of damaged, worn-out or obsolete properties, equipment or assets that, in the
Parent’s reasonable judgment, are no longer used or useful in the business of the Parent or its Restricted Subsidiaries; 

(6) the sale, trade, exchange or other disposition of cash or Cash Equivalents, Swap Contracts or other financial instruments
in the ordinary course of business; 
 (7) the sale, exchange or disposition of accounts receivable in connection with the
compromise, settlement or collection thereof in the ordinary course of business or in bankruptcy or similar proceedings and exclusive of factoring and similar arrangements; 

(8) a Permitted Investment or a Restricted Payment that is permitted by Section 7.01; 

(9) any trade or exchange by the Parent or any Restricted Subsidiary of any properties or assets for properties or assets that
are used or usable in a Permitted Business owned or held by another Person, provided that the fair market value of the properties or assets traded or exchanged by the Parent or such Restricted Subsidiary (together with any cash) is reasonably
equivalent to the fair market value of the properties or assets (together with any cash) to be received by the Parent or such Restricted Subsidiary, and provided further that, subject to any other exceptions in this definition, any cash
received must be applied in accordance with the provisions of Section 7.04; 
 (10) the creation or perfection of
Permitted Liens and Liens that are not prohibited by Section 7.06 and any disposition of assets from the enforcement or foreclosure of any such Liens; 

(11) the surrender or waiver in the ordinary course of business of contract rights or the settlement, release or surrender of
contract, tort or other claims of any kind; 

  
 4 

 (12) any damage or loss of any asset or property resulting in the payment of
condemnation or insurance proceeds; 
 (13) the grant in the ordinary course of business of any license of patents,
trademarks, registrations therefor and other similar intellectual property; 
 (14) any other disposition pursuant to the
Spin Off Documents on substantially the terms described in the Spin Off Registration Statement; and 
 (15) any issuance,
sale or transfer of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary. 
 “Assignment and
Assumption” means an assignment and assumption agreement entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative
Agent, in substantially the form of Exhibit B, or any other form (including electronic documentation generated by use of an electronic platform) approved by the Administrative Agent. 

“Attributable Debt” in respect of a sale and leaseback transaction means, at the time of determination, the present
value of the obligation of the lessee for net rental payments during the remaining term of the lease included in such sale and leaseback transaction including any period for which such lease has been extended or may, at the option of the lessor, be
extended. Such present value shall be calculated using a discount rate equal to the rate of interest implicit in such transaction, determined in accordance with GAAP. As used in the first sentence of this definition, the “net rental
payments” under any lease for any such period shall mean the sum of rental and other payments required to be paid with respect to such period by the lessee thereunder, excluding any amounts required to be paid by such lessee on account of
maintenance and repairs, insurance, taxes, assessments, water rates or similar charges. In the case of any lease that is terminable by the lessee upon payment of penalty, such net rental payment shall also include the amount of such penalty, but no
rent shall be considered as required to be paid under such lease subsequent to the first date upon which it may be so terminated. Notwithstanding the foregoing, the Attributable Debt with respect to each of the following sale and leaseback
transactions shall, in each case, be zero: 
 (a) a sale and leaseback transaction in which the lease is for a period,
including renewal rights, not in excess of three years; 
 (b) a sale and leaseback transaction with respect to any asset
that occurs within 270 days of the acquisition or construction of, or the completion of a material improvement to, such asset; 

(c) a sale and leaseback transaction in which the transaction is between or among the Parent and one or more Restricted
Subsidiaries or between or among Restricted Subsidiaries; or 
 (d) a sale and leaseback transaction pursuant to which the
Parent, within 270 days after the completion of the sale and leaseback transaction, applies toward the retirement of its Indebtedness or the Indebtedness of a Restricted Subsidiary, or to the 

  
 5 

 
purchase of other property, the greater of (i) the net proceeds from the sale and leaseback transaction or (ii) the fair market value of the assets sold in such transaction;
provided, however, that the amount that must be applied to the retirement of Indebtedness shall be reduced by: 

(1) the principal amount of any debentures, notes or debt securities (including the Senior Notes) of the Parent or a Restricted
Subsidiary surrendered to the applicable trustee or agent for retirement and cancellation within 270 days of the completion of the sale and leaseback transaction; 

(2) the principal amount of any Indebtedness not included in clause (d)(1) of this definition to the extent such amount of
Indebtedness is voluntarily retired by the Parent or a Restricted Subsidiary within 270 days of the completion of the sale and leaseback transaction; and 

(3) all fees and expenses associated with the sale and leaseback transaction. 

Any drilling rig subleases existing as of the date of this Agreement shall be treated as if they were leases in respect of a sale and
leaseback transaction. 
 “Auction Manager” shall mean either of the Arrangers or another investment bank of
recognized standing selected by the Borrower and reasonably satisfactory to the Administrative Agent that will manage the Discounted Voluntary Prepayment Offer. 

“Auction Procedures” shall mean the auction procedures with respect to Discounted Voluntary Prepayment
Offers set forth in Exhibit I hereto. 
 “Audited Financial Statements” means the audited consolidated
balance sheet of the Parent and its Subsidiaries for the fiscal years ended December 31, 2011, 2012 and 2013 and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal years of the
Parent and its Subsidiaries, including the notes thereto. 
 “Available Incremental Amount” means the greater of
(a) $100,000,000, and (b) an amount such that upon the incurrence thereof, the ratio of Consolidated Funded Debt to Consolidated EBITDA of, in each case, the Parent, shall be equal to 3.5 to 1.0 or less. 

“Bank of America” means Bank of America, N.A., and its successors. 

“Base Rate” means for any day a fluctuating rate of interest per annum equal to the highest of (a) the Federal
Funds Rate plus 0.50% (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate”, and (c) the Eurodollar Rate plus 1.00%. The “prime
rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be
priced at, above, or below such announced rate. Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. 

  
 6 

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

 “Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act,
except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person” will be deemed to have beneficial ownership of all securities that
such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only upon the occurrence of a subsequent condition. The terms “Beneficially Owns”
and “Beneficially Owned” have correlative meanings. 
 “Board” means: 

(a) with respect to the Parent, its board of managers or directors or other governing body or any authorized committee thereof;
and 
 (b) with respect to any other Person, the board or committee of such Person, or its general partner, as applicable,
serving a similar function. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an
Assistant Secretary of the applicable Person to have been duly adopted by the Board of such Person and to be in full force and effect on the date of such certification, and delivered to the Administrative Agent. 

“Borrower” has the meaning specified in the introductory paragraph hereto. 

“Borrower Materials” has the meaning specified in Section 6.02(h). 

“Borrowing” means a borrowing consisting of Loans of the same Class and Type made, converted or continued on
the same date and, in the case of Eurodollar Rate Loans, having the same Interest Period. 
 “Business” has the
meaning given in Section 5.09(a). 
 “Business Day” means any day other than a Saturday, Sunday or other
day on which commercial banks are authorized to close under the Laws of or are in fact closed in, the State of New York or the state where the Administrative Agent’s Office is located and, if such day relates to any Eurodollar Rate Loan, means
any such day that is also a London Banking Day. 
 “Capital Lease Obligation” means, at the time any determination
is to be made, the amount of the liability in respect of a capital lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP, and the Stated Maturity thereof shall be the date of the last payment of rent
or any other amount due under such lease prior to the first date upon which such lease may be prepaid by the lessee without payment of a penalty. Notwithstanding the foregoing, if GAAP lease accounting rules amended or adopted after the date of this
Agreement shall require a lease previously determined to be an operating lease to be recorded on a balance sheet in accordance with such rules, such lease shall not be a capital lease for purposes of this Agreement. 

  
 7 

 “Capital Stock” means: 

(a) in the case of a corporation, corporate stock; 

(b) in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; 
 (c) in the case of a partnership or limited liability company,
partnership or membership interests (whether general or limited); and 
 (d) any other interest or participation that confers
on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, regardless of whether such debt
securities include any right of participation with Capital Stock. 
 “Cash Equivalents” means: 

(a) United States dollars; 

(b) securities issued or directly and fully guaranteed or insured by the United States government or any agency or
instrumentality of the United States government (provided that the full faith and credit of the United States is pledged in support of those securities) maturing within one year after the date of acquisition; 

(c) certificates of deposit and Eurodollar time deposits with maturities of one year or less from the date of acquisition,
bankers’ acceptances with maturities not exceeding one year from the date of acquisition and overnight bank deposits, in each case, with any lender party to the ABL Credit Agreement or this Agreement or with any domestic commercial bank having
capital and surplus in excess of $500.0 million and a Thomson Bank Watch Rating of “B” or better; 
 (d) repurchase
obligations with a term of not more than seven days for underlying securities of the types described in clauses (b) and (c) above entered into with any financial institution meeting the qualifications specified in clause (c) above;

 (e) commercial paper having one of the two highest ratings obtainable from Moody’s or S&P and in each case
maturing within one year after the date of acquisition; and 
 (f) money market funds at least 95% of the assets of which
constitute Cash Equivalents of the kinds described in clauses (a) through (e) of this definition. 

“CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of 1980. 

  
 8 

 “CERCLIS” means the Comprehensive Environmental Response, Compensation
and Liability Information System maintained by the U.S. Environmental Protection Agency. 
 “CFC” means a Person
that is a controlled foreign corporation under Section 957 of the Code. 
 “Change in Law” means the
occurrence, after the Closing Date, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation,
implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that
notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules,
guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel
III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued, promulgated or implemented. 

“Change of Control” means the occurrence of any of the following events, in each case excluding any of the Spin Off
Transactions: 
 (a) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of
merger or consolidation), in one transaction or a series of related transactions, of all or substantially all of the properties or assets (including Capital Stock of the Restricted Subsidiaries) of the Parent and its Restricted Subsidiaries taken as
a whole, to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than Chesapeake Energy or a Subsidiary thereof; 

(b) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is
that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), other than Chesapeake Energy or a Subsidiary thereof, becomes the Beneficial Owner, directly or indirectly, of more than 50% of the voting power of all
classes of Equity Interests of the Parent (or its successor by merger, consolidation or purchase of all or substantially all of its assets), measured by voting power rather than number of shares, units or the like; or 

(c) the Parent shall cease to be, directly or indirectly, the Beneficial Owner of all of the Equity Interests of the Borrower
free and clear of all Liens, other than Liens securing the Secured Obligations. 
 Notwithstanding the preceding, a conversion of the Parent or any of its
Restricted Subsidiaries from a limited partnership, corporation, limited liability company or other form of entity to a limited partnership, corporation, limited liability company or other form of entity or an exchange of all of the outstanding
Equity Interests in one form of entity for Equity Interests in another form of entity shall not constitute a Change of Control, so long as following such conversion or exchange the “persons” (as that term is used in Section 13(d)(3)
of the Exchange Act) who 

  
 9 

 
Beneficially Owned the Capital Stock of the Parent immediately prior to such transactions continue to Beneficially Own in the aggregate more than 50% of the voting power of all classes of Equity
Interests of such entity, or continue to Beneficially Own sufficient Equity Interests in such entity to elect a majority of its directors, managers, trustees or other persons serving in a similar capacity for such entity, and, in either case, no
“person,” other than Chesapeake Energy or a Subsidiary thereof, Beneficially Owns more than 50% of the voting power of all classes of Equity Interests of such entity. 

“Chesapeake Energy” means Chesapeake Energy Corporation, an Oklahoma corporation. 

“Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan or the Loans comprising such
Borrowing, are Term Loans or Incremental Term Loans and, when used in reference to any Commitment, refers to whether such Commitment is a Term Loan Commitment or an Incremental Term Commitment. 

“Closing Date” means the first date all the conditions precedent in Section 4.01 are satisfied or waived
in accordance with Section 10.01. 
 “Code” means the Internal Revenue Code of 1986, as amended from
time to time. 
 “Collateral” means all of the “Collateral” and “Mortgaged
Property” referred to in the Collateral Documents and all of the other property that is or is intended under the terms of the Collateral Documents to be subject to Liens in favor of the Administrative Agent for the benefit of the
Secured Parties, in either case. 
 “Collateral Documents” means, collectively, the Security Agreement, the Pledge
Agreement, the Mortgages, each of the mortgages, collateral assignments, Security Agreement Supplements, security agreements, pledge agreements or other similar agreements, instruments or documents delivered to the Administrative Agent pursuant to
Section 6.12 that creates or purports to create a Lien in favor of the Administrative Agent for the benefit of the Secured Parties. 

“Commitment” means a Term Loan Commitment or an Incremental Commitment as the context may require 

“Common Stock” means, with respect to any Person, any Capital Stock (other than Preferred Stock) of such Person. 

“Compliance Certificate” means a certificate substantially in the form of Exhibit C. 

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however
denominated), or are franchise or branch profits Taxes. 
 “Consolidated Cash Flow” means, with respect to any
specified Person for any period, the Consolidated Net Income of such Person for such period plus: 
 (a) an amount
equal to any net loss realized by such Person or any of its Restricted Subsidiaries in connection with any disposition of assets, to the extent such losses were deducted in computing such Consolidated Net Income; plus 

  
 10 

 (b) amounts required to be dividended, paid or otherwise distributed pursuant to
a tax sharing or other agreement, by the Parent, on behalf of itself and its Restricted Subsidiaries, for taxes incurred with respect to income or profits of such entities but payable by a current or former direct or indirect owner of the Parent, to
the extent such amounts were deducted in computing Consolidated Net Income; plus 
 (c) Fixed Charges of such Person
for such period, to the extent that such Fixed Charges were deducted in computing such Consolidated Net Income; plus 

(d) depreciation and amortization (including amortization of intangibles but excluding amortization of prepaid cash expenses
that were paid in a prior period), impairment and other non-cash charges or expenses (excluding any such non-cash expense to the extent that it represents an accrual of or reserve for cash expenses in any future period or amortization of a prepaid
cash expense that was paid in a prior period) of such Person and its Restricted Subsidiaries for such period to the extent that such depreciation and amortization, impairment and other non-cash charges or expenses were deducted in computing such
Consolidated Net Income; plus 
 (e) unrealized non-cash losses of such Person and its Restricted Subsidiaries
resulting from foreign currency balance sheet adjustments required by GAAP to the extent such losses were deducted in computing such Consolidated Net Income; plus 

(f) any fees, expenses, charges or losses (other than depreciation or amortization expense) related to any Equity Offering or
other capital markets transaction, acquisition, disposition, recapitalization or the incurrence of Indebtedness permitted to be incurred hereunder (including a refinancing thereof), in each case regardless of whether successful, and including such
fees, expenses, charges or losses related to (a) the Spin Off Transactions and any transactions pursuant to the Spin Off Documents, (ii) the offering of the 2022 Notes, the ABL Credit Facility, the Agreement and any other credit agreement,
commercial paper facility or other agreement providing for revolving credit loans, receivables financings or letters of credit, and (iii) any amendment or other modification of the Spin Off Documents, the 2022 Notes the ABL Credit Facility, the
Agreement and any other credit agreement, commercial paper facility or other agreement providing for revolving credit loans, receivables financings or letters of credit and, in each case, deducted (and not added back) in computing Consolidated Net
Income; minus 
 (g) all extraordinary, unusual or non-recurring items of loss or expense of such Person and its
Restricted Subsidiaries (regardless of whether includable as a separate line item in the financial statements of such Person); minus 

(h) all non-cash items of gain and extraordinary items of gain increasing such Consolidated Net Income for such period; 

in each case, on a consolidated basis and determined in accordance with GAAP. 

  
 11 

 “Consolidated EBITDA” means, at any date of determination, an amount
equal to Consolidated Net Income of the Loan Parties on a consolidated basis for the most recently completed Measurement Period plus (a) the following to the extent deducted in calculating such Consolidated Net Income:
(i) Consolidated Interest Charges, (ii) the provision for Federal, state, local and foreign income taxes payable (including any amounts required to be dividended, paid or otherwise distributed pursuant to any tax sharing agreement or other
similar arrangements) for taxes incurred with respect to income or profits of Loan Parties but payable by a current or former direct or indirect owner of the Parent, to the extent such amounts were deducted in computing Consolidated Net Income,
(iii) depreciation and amortization expense, (iv) other expenses reducing such Consolidated Net Income which do not represent a cash item in such period or any future period (in each case of or by the Loan Parties for such Measurement
Period), (v) any loss on retirement of debt and other extraordinary or non-recurring charges or losses determined in accordance with GAAP, (vi) costs incurred in connection with the early termination of the lease of any oil and gas
drilling rigs, (vii) rig lease/rental expenses during the four quarters following the Closing Date and ending with the quarter ending on June 30, 2015, and (viii) costs and expenses incurred in connection with the Spin Off
Transactions, and minus (b) the following to the extent included in calculating such Consolidated Net Income: (i) Federal, state, local and foreign income tax credits, (ii) all non-cash items increasing Consolidated Net Income
(in each case of or by the Loan Parties for such Measurement Period and (iii) any gains on retirement of debt and other extraordinary or non-recurring income or gains determined in accordance with GAAP. If, since the beginning of the four
fiscal quarter period ending on the date for which Consolidated EBITDA is determined, any Loan Party shall have made any acquisition or Asset Sale other than from or to another Loan Party, shall have consolidated or merged with or into any Person
(other than another Loan Party), shall have disposed of the equity interests of any Loan Party other than from or to another Loan Party or shall have made any acquisition of a Person that becomes a Loan Party or shall have designated any Subsidiary
as an Unrestricted Subsidiary or to not be an Unrestricted Subsidiary, Consolidated EBITDA shall be calculated giving pro forma effect thereto as if the acquisition, Asset Sale, consolidation, merger or designation had occurred on the first day of
such period; provided however, the Parent may elect to not make such pro forma adjustment for one or more acquisitions, Asset Sales, consolidations, mergers or designations if the aggregate effect of the excluded transactions would not
reasonably be expected to increase or decrease Consolidated EBITDA by more than 5%. The pro forma effect of an acquisition, Asset Sale, consolidation, merger or designation shall be determined (i) in good faith by the chief financial officer,
principal accounting officer or treasurer of the Parent and acceptable to the Administrative Agent, and (ii) without giving effect to any anticipated or proposed change in operations, revenues, expenses or other items included in the
computation of Consolidated EBITDA. 
 “Consolidated Funded Debt” means, as of the date of determination, for the
Loan Parties on a consolidated basis, obligations for borrowed money which, in accordance with GAAP, would be shown as long-term debt (including current maturities) on its consolidated balance sheet. 

“Consolidated Interest Charges” means, for any Measurement Period, the sum of (a) all interest, premium payments,
debt discount, fees, charges and related expenses in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP,
(b) all 

  
 12 

 
interest paid or payable with respect to discontinued operations and (c) the portion of expense under Capitalized Leases that is treated as interest in accordance with GAAP, in each case, of
or by the Loan Parties on a consolidated basis for the most recently completed Measurement Period. 
 “Consolidated Net
Income” means, with respect to any specified Person for any period, the aggregate of the net income (loss) of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP;
provided that: 
 (a) the net income (but not loss) of any Person that is not a Restricted Subsidiary or that is
accounted for by the equity method of accounting will be included, but only to the extent of the amount of dividends or distributions paid in cash to the specified Person or a Restricted Subsidiary of the Person; 

(b) the net income of any Restricted Subsidiary (other than a Subsidiary Guarantor) will be excluded to the extent that the
declaration or payment of dividends or similar distributions by that Restricted Subsidiary of that net income is not at the date of determination permitted without any prior governmental approval (that has not been obtained) or, directly or
indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary or its stockholders, partners or members, unless such
restriction with respect to the payment of dividends has been legally waived; 
 (c) the cumulative effect of a change in
accounting principles will be excluded; 
 (d) unrealized losses and gains from derivative instruments included in the
determination of Consolidated Net Income, including, without limitation those resulting from the application of FASB Accounting Standards Codification (ASC) 815 will be excluded; and 

(e) any write-down of non-current assets and any nonrecurring charges relating to any premium or penalty paid, write off of
deferred finance costs or other charges in connection with redeeming or retiring any Indebtedness prior to its Stated Maturity will be excluded. 

“Consolidated Net Funded Debt” means, as of the date of determination, for the Parent and its Restricted Subsidiaries
on a consolidated basis, (a) obligations for borrowed money which, in accordance with GAAP, would be shown as long-term debt (including current maturities) on its consolidated balance sheet minus (b) (i) all unrestricted cash
and cash equivalents included on its consolidated balance sheet and (ii) net obligations under interest rate protection agreements and currency rate protection agreements that have been cancelled or otherwise terminated before their scheduled
expiration or are otherwise due and payable. 
 “Consolidated Tangible Assets” means, with respect to any Person at
any date of determination, the aggregate amount of total assets included in such Person’s most recent quarterly or annual consolidated balance sheet prepared in accordance with GAAP less applicable reserves reflected in such balance sheet,
after deducting the amount of all goodwill, 

  
 13 

 
trademarks, patents, unamortized debt discounts and expenses and any other like intangibles reflected in such balance sheet, in each case, calculated on a pro forma basis after giving effect to
any transaction given pro forma effect in the definition of “Fixed Charge Coverage Ratio”. 
 “Contractual
Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

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

“Conversion” means the conversion prior to the Spin Off of Parent from Chesapeake Oilfield Operating, L.L.C., an
Oklahoma limited liability company to Seventy Seven Energy Inc., an Oklahoma corporation. 
 “Debt Issuance” means
the issuance by any Loan Party of any Indebtedness other than as permitted by Section 7.03. 
 “Debtor Relief
Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, similar debtor relief Laws of the United States or other applicable
jurisdictions from time to time in effect and affecting the rights of creditors generally. 
 “Default” means any
event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. 

“Default Rate” means an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable
to such Loan plus 2% per annum. 
 “Defaulting Lender” means, subject to Section 2.12(b),
any Lender that, as determined, in good faith, by the Administrative Agent, (a) has failed to perform any of its funding obligations hereunder, within two Business Days of the date required to be funded by it hereunder, (b) has notified
the Borrower, or the Administrative Agent or any Lender that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder or under other agreements in which
it commits to extend credit, (c) has failed, within three Business Days after request by the Administrative Agent, to confirm in a manner satisfactory to the Administrative Agent that it will comply with its funding obligations, or
(d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or
similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, or (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or
appointment; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long
as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States 

  
 14 

 
or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or
agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such
Lender shall be deemed to be a Defaulting Lender (subject to Section 2.12(b)) upon delivery of written notice of such determination to the Borrower and each Lender. 

“Designated Jurisdiction” means any country or territory to the extent that such country or territory is the subject
of any Sanction. 
 “Designated Non-cash Consideration” means the fair market value of non-cash consideration
received by the Parent or a Restricted Subsidiary in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to a certificate, setting forth the basis of such valuation, executed by the principal financial
officer of the Parent, less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Designated Non-cash Consideration. 

“Discounted Voluntary Prepayment” has the meaning specified in Section 2.13. 

“Discounted Voluntary Prepayment Offer” has the meaning specified in Section 2.13. 

“Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any security into which it is
convertible, or for which it is exchangeable, in each case at the option of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable
at the option of the holder of the Capital Stock, in whole or in part, on or prior to the date that is 91 days after the Maturity Date, unless such Capital Stock is redeemable solely in exchange for Capital Stock that is not Disqualified Stock.
Notwithstanding the preceding sentence, any Capital Stock that would constitute Disqualified Stock solely because the holders of the Capital Stock have the right to require the Parent to repurchase or redeem such Capital Stock upon the occurrence of
a change of control or an asset sale will not constitute Disqualified Stock if the terms of such Capital Stock are no more favorable in any material respect to such holders than the provisions described in Section 7.04, and such Capital
Stock specifically provides that the Parent may only repurchase or redeem any such Capital Stock pursuant to such provisions only after the Parent’s purchase of the Term Loans as required pursuant to the provisions described in Section
7.04. 
 “Domestic Subsidiary” means any Subsidiary which is a U.S. Person and excludes any Subsidiary that has
no material assets other than Equity Interests of a CFC or that is a direct or indirect Subsidiary of a CFC. 
 “Eligible
Assignee” means any Person that meets the requirements to be an assignee under Section 10.06(b)(iii) and (v) (subject to such consents, if any, as may be required under Section 10.06(b)(iii)). 

“Environmental Laws” means any and all applicable Federal, state, local, and foreign statutes, laws, regulations,
ordinances, rules, judgments, orders, decrees, permits, licenses, Environmental Permits or similar binding governmental restrictions, in each case relating to 

  
 15 

 
pollution, the protection, of human health or the environment, or the release of any materials or substances into the environment, including
those related to Hazardous Materials or wastes, air emissions and any discharges including to land, water (surface or groundwater) or public systems. 

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

“Environmental Permit” means any permit, approval, identification number, license or other authorization required
under any Environmental Law. 
 “Equity Interests” means Capital Stock and all warrants, options or other rights to
acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 

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

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

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) the withdrawal of the Parent
or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or a cessation of operations that is
treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Parent or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the
filing of a notice of intent to terminate, the treatment of a Pension Plan amendment as a termination under Section 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a Pension Plan; (0 any event or
condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (g) the determination that any Pension Plan is considered an at-risk plan or a plan in
endangered or critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; (h) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent
under Section 4007 of ERISA, upon the Parent or any ERISA Affiliate; or (i) a failure by the Parent or any ERISA Affiliate to meet all applicable requirements under the Pension Funding Rules in respect of a Pension Plan, whether or not
waived, or the failure by the Parent or any ERISA Affiliate to make any required contribution to a Multiemployer Plan. 

  
 16 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended.

 “Eurodollar Rate” means: 

(a) with respect to each day during each Interest Period with respect to a Eurodollar Rate Loan, the greater of three quarters
of one percent (0.75%), or the rate per annum equal to the London Interbank Offered Rate (“LIBOR”), or a comparable or successor rate which rate is approved by the Administrative Agent, as published on the applicable
Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) (in such case, the “LIBOR Rate”) at approximately 11:00 a.m.,
London time, two London Banking Days prior to the beginning of such Interest Period, as adjusted for Eurodollar Reserve Requirements as required by any applicable regulatory authority. 

(b) for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the LIBOR Rate, at
approximately 11:00 a.m., London time, two London Banking Days prior to such date for Dollar deposits with a term of one month commencing that day. 

“Eurodollar Rate Loan” means a Loan that bears interest at a rate based on clause (a) of the definition of the
Eurodollar Rate. 
 “Eurodollar Reserve Requirements” means, for any day during as applied to a Eurodollar Rate
Loan, the aggregate (without duplication) of the maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including basic, supplemental, marginal and emergency reserves under any regulations of the FRB or other
Governmental Authority having jurisdiction with respect thereto) dealing with reserve requirements prescribed for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the FRB) maintained by a member
bank of the Federal Reserve System. 
 “Event of Default” has the meaning specified in Section 8.01. 

“Excess Asset Sale Proceeds” shall mean an amount equal to (i) the aggregate amount of all Net Cash Proceeds from
Asset Sales of any Collateral made on or after the Closing Date that have not been applied or invested as provided in Section 7.04(b), minus (ii) $50,000,000; provided, that Excess Asset Sale Proceeds shall be zero if
the foregoing calculation yields a negative result. 
 “Excess Cash Flow” means for Parent and its Restricted
Subsidiaries, on a consolidated basis, in accordance with GAAP for any calendar year, an amount equal to (a) Consolidated EBITDA for such period, minus (b) the sum, in each case to the extent not otherwise deducted in determining
Consolidated EBITDA for such period, without duplication, of: (i) the aggregate amount of cash actually paid by Parent and its Restricted Subsidiaries during such calendar year on account of capital expenditures that are not financed through or
reimbursed from the proceeds of any issuance of debt for borrowed money, any equity issuance, proceeds of any casualty event or other proceeds that would not be included in Consolidated EBITDA, (ii) cash interest expense actually paid by Parent
and its Restricted Subsidiaries for such period, (iii) amounts actually paid in cash in respect of total federal, state, local and foreign income, value added and similar taxes 

  
 17 

 
for such period, and (iv) the aggregate amount of all scheduled principal payments or repayments of debt (other than mandatory prepayments of Term Loans) made by Parent or the Restricted
Subsidiaries during such calendar year but only to the extent that such payments or repayments are not financed through any issuance of debt for borrowed money, any equity issuance, any proceeds of casualty event or other proceeds that would not be
included in Consolidated EBITDA. 
 “Excluded Taxes” means any of the following Taxes imposed on or with respect to
any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of
such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other
Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date
on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 10.13) or (ii) such Lender changes its Lending Office, except in each case to
the extent that, pursuant to Section 3.01(a) or (c), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it
changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA. 

“Existing Credit Agreement” means that certain Credit Agreement dated as of November 3, 2011, among Chesapeake
Oilfield Operating, L.L.C., each of the lenders from time to time party thereto and Bank of America, N.A., as administrative agent, as amended by that certain First Amendment to Credit Agreement dated as of April 12, 2012, as further amended by
that certain Second Amendment to Credit Agreement dated as of December 18, 2012, as further amended by that certain Third Amendment to Credit Agreement dated as of November 21, 2013, and as may be further amended from time to time. 

“Existing Indebtedness” means the aggregate principal amount of Indebtedness of the Parent and its Restricted
Subsidiaries (other than Indebtedness under (i) this Agreement, (ii) the ABL Credit Agreement, (iii) the Senior Notes and the related Guarantees thereof by the Borrower and by Subsidiaries of the Borrower, as applicable, and
(iv) intercompany Indebtedness, each of which considered incurred under clauses (i), (iii) and (vi) of Section 7.03(b)) in existence on the date of this Agreement, until such amounts are repaid. 

“Extraordinary Receipts” means any cash received by or paid to or for the account of any Loan Party with respect to
any Collateral on account of any insurance proceeds or condemnation award payable by reason of theft, loss, physical destruction or damage, taking or similar event with respect to any of their respective properties constituting Collateral. 

“FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board. 

  
 18 

 “FATCA” means Sections 1471 through 1474 of the Code, as of the date of
this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to
Section 1471(b)(1) of the Code and any intergovernmental agreements between the United States and another country which modify the provisions of the foregoing. 

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight
Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if
such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such
next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the
Administrative Agent. 
 “Fee Letters” means the separate letter agreements, each dated June 25, 2014, between
the Borrower and each Arranger. 
 “Fixed Charge Coverage Ratio” means with respect to any specified Person for any
four-quarter reference period, the ratio of the Consolidated Cash Flow of such Person for such period to the Fixed Charges of such Person for such period. If the specified Person or any of its Restricted Subsidiaries incurs, assumes, guarantees,
repays, repurchases or redeems any Indebtedness (other than the incurrence or repayment of Indebtedness in the ordinary course of business for working capital purposes pursuant to any revolving credit arrangement) or issues, repurchases or redeems
Preferred Stock subsequent to the commencement of the applicable reference period and on or prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”),
then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect to such incurrence, assumption, guarantee, repayment, repurchase or redemption of Indebtedness, or such issuance, repurchase or redemption of Preferred Stock, and the
use of the proceeds therefrom as if the same had occurred at the beginning of such period. 
 In addition, for purposes of calculating the
Fixed Charge Coverage Ratio: 
 (a) acquisitions and dispositions of business entities or property and assets constituting a
division or line of business of any Person that have been made by the specified Person or any of its Restricted Subsidiaries, including through mergers, consolidations or otherwise, and including in each case any related financing transactions
(including repayment of Indebtedness) during the applicable reference period or subsequent to such reference period and on or prior to the Calculation Date, will be given pro forma effect as if they had occurred on the first day of the applicable
reference period, including any Consolidated Cash Flow and any pro forma expense and cost reductions that have occurred or are reasonably expected to occur, in the reasonable good faith judgment of the chief financial or accounting officer of the
Parent (regardless of 

  
 19 

 
whether those cost savings or operating improvements could then be reflected in pro forma financial statements in accordance with Regulation S-X promulgated under the Securities Act or any other
regulation or policy of the Commission related thereto); 
 (b) the Consolidated Cash Flow attributable to discontinued
operations, as determined in accordance with GAAP, and operations or businesses (and ownership interests therein) disposed of prior to the Calculation Date, will be excluded; 

(c) the Fixed Charges attributable to discontinued operations, as determined in accordance with GAAP, and operations or
businesses (and ownership) disposed of prior to the Calculation Date, will be excluded, but only to the extent that the obligations giving rise to such Fixed Charges will not be obligations of the specified Person or any of its Restricted
Subsidiaries following the Calculation Date; 
 (d) interest income reasonably anticipated by such Person to be received
during the applicable reference period from cash or Cash Equivalents held by such Person or any Restricted Subsidiary of such Person, which cash or Cash Equivalents exist on the Calculation Date or will exist as a result of the transaction giving
rise to the need to calculate the Fixed Charge Coverage Ratio, will be included; 
 (e) Fixed Charges attributable to
interest on any Indebtedness (whether existing or being incurred) computed on a pro forma basis and bearing a floating interest rate will be computed as if the rate in effect on the Calculation Date (taking into account any interest rate option,
swap, cap or similar agreement applicable to such Indebtedness if such agreement has a remaining term in excess of 12 months or, if shorter, at least equal to the remaining term of such Indebtedness) had been the applicable rate for the entire
period; and 
 (f) Fixed Charges attributable to interest on any Indebtedness incurred under a revolving credit facility
computed on a pro forma basis will be calculated based on the average daily balance of such Indebtedness for the four fiscal quarters subject to the pro forma calculation to the extent that such Indebtedness was incurred solely for working capital
purposes. 
 For purposes of this definition, whenever pro forma effect is to be given to any calculation under this definition, the pro
forma calculations will be determined in good faith by a responsible financial or accounting officer of such Person, which determination shall be conclusive for all purposes under this Agreement; provided that such officer may in such
officer’s discretion include any reasonably identifiable and factually supportable pro forma changes to Consolidated Cash Flow or Fixed Charges, including any pro forma expense and cost reductions or synergies that have occurred or are
reasonably expected to occur within the 12 months immediately following the Calculation Date and are either (i) prepared and calculated in accordance with Regulation S-X under the Securities Act or (ii) set forth in an officers’
certificate signed by the chief financial officer of such Person that states (a) the amount of each such adjustment and (b) that such adjustments are based on the reasonable good faith belief of the chief financial officer executing such
officers’ certificate at the time of such execution and the factual basis on which such good faith belief is based. 

  
 20 

 “Fixed Charges” means, with respect to any specified Person for any
period, the sum, without duplication, of: 
 (a) the consolidated interest expense of such Person and its Restricted
Subsidiaries for such period, whether paid, accrued or capitalized (including, without limitation, amortization of original issue discount, non-cash interest payments (other than amortization of debt issuance costs or debt extinguishment costs), the
interest component of any deferred payment obligations, the interest component of all payments associated with Capital Lease Obligations, imputed interest with respect to Attributable Debt, commissions, discounts and other fees and charges incurred
in respect of letter of credit or bankers’ acceptance financings), and net of the effect of all payments made or received pursuant to interest rate Swap Contracts; plus 

(b) any interest expense on Indebtedness of another Person that is guaranteed by such Person or one of its Restricted
Subsidiaries or secured by a Lien on assets of such Person or one of its Restricted Subsidiaries, regardless of whether such guarantee or Lien is called upon; plus 

(c) all dividends or distributions, whether paid or accrued and regardless of whether in cash, on any series of Preferred Stock
of such Person or any of its Restricted Subsidiaries, other than dividends or distributions on Equity Interests payable solely in Equity Interests of such Person (other than Disqualified Stock) or to such Person or a Restricted Subsidiary of such
Person, plus 
 (d) rig lease/rental expenses during the four quarters following closing and ending with the quarter
ending on June 30, 2015, 
 in each case, determined, on a consolidated basis and in accordance with GAAP. 

“Flood Hazard Property” means any property encumbered by a Mortgage that is in an area designated by the Federal
Emergency Management Agency as having special flood or mudslide hazards. 
 “Foreign Lender” means any Lender that
is organized under the Laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a
single jurisdiction. 
 “Foreign Subsidiary” means any Restricted Subsidiary of the Parent that is organized or
incorporated outside the United States or any territory thereof. 
 “FRB” means the Board of Governors of the
Federal Reserve System of the United States. 
 “Fund” means any Person (other than a natural person) that is (or
will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

  
 21 

 “GAAP” means generally accepted accounting principles in the United
States, which are in effect from time to time. 
 “Governmental Authority” means the government of the United States
or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or
having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of
such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of
assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or
liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of
such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other
obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall be
deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in
respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning. 

“Guaranty” means, collectively, the Guaranty made by the Parent and the Subsidiary Guarantors in favor of the Secured
Parties, substantially in the form of Exhibit F, together with each other guaranty and guaranty supplement delivered pursuant to Section 6.12. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic waste or
substances, extremely hazardous waste, solid waste and all other pollutants, substances, wastes or contaminants of any nature or kind regulated pursuant to any Environmental Law, including petroleum or petroleum distillates, hydrocarbons, asbestos
or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical waste, naturally occurring radioactive material and all other such substances or wastes of any nature or kind. 

“Immaterial Subsidiary” means any Subsidiary of the Parent that is not an Unrestricted Subsidiary and that (a) is
Chesapeake Oilfield Finance, Inc. and any other Subsidiary of the Parent who is a corporate co-issuer under any indenture governing senior notes of the Parent or 

  
 22 

 
any Loan Party, (b) a Subsidiary (but not including any Subsidiary Guarantor as of the Closing Date) of the Parent designated by the Parent as an Immaterial Subsidiary on the Closing Date as
listed on Schedule 1.01 and (c) a Subsidiary of the Parent designated by the Parent after the Closing Date as an Immaterial Subsidiary pursuant to a certificate executed and delivered by the Borrower to the Administrative Agent
(certifying as to each of the items set forth in this definition). With respect to such Immaterial Subsidiaries (i) the tangible assets (as determined in accordance with GAAP) of all Immaterial Subsidiaries shall not exceed five
(5.0%) percent of the Consolidated Tangible Assets of Parent and its Restricted Subsidiaries and (ii) the Consolidated EBITDA contribution of all Immaterial Subsidiaries shall not exceed five (5.0%) percent of Consolidated EBITDA of
Parent and its Restricted Subsidiaries, in each case measured as of the last day of the four consecutive fiscal quarters most recently ended for which financial statements have been delivered pursuant to Section 6.01; it being understood
that any calculation of Consolidated EBITDA pursuant to this definition shall be made without regard to intercompany revenue or other intercompany items between Parent and any of its Restricted Subsidiaries or between one Restricted Subsidiary of
Parent and another Restricted Subsidiary of Parent. In the event that tangible assets of all Immaterial Subsidiaries exceed the threshold in clause (i) of the foregoing sentence or the total contribution to Consolidated EBITDA of all Immaterial
Subsidiaries exceeds the threshold in clause (ii) of the foregoing sentence, (A) the Borrower shall identify one or more such Restricted Subsidiaries that shall cease to constitute Immaterial Subsidiaries and (B) such Restricted
Subsidiary or Restricted Subsidiaries so identified shall comply with the provisions of Section 6.12 of this Agreement as if each were a new Restricted Subsidiary such that, after giving effect to the actions in clauses (A) and (B),
each such threshold shall be satisfied. The applicable thresholds in this definition shall be determined (x) in the case of Consolidated Tangible Assets or tangible assets, based on the financial statements that accompany the Compliance
Certificate most recently received by the Agent and (y) in the case of Consolidated EBITDA, based on the twelve (12) consecutive month period ending on the date of the financial statements that accompany the Compliance Certificate most
recently received by the Agent. No Restricted Subsidiary (other than Chesapeake Oilfield Finance, Inc. and any other Subsidiary of Parent who is a corporate co-issuer under any indenture governing senior notes of the Parent or any Loan Party) shall
be an Immaterial Subsidiary if such Restricted Subsidiary is an obligor in respect of the ABL Credit Agreement or the Senior Notes. 

“Increase Effective Date” has the meaning set forth in Section 2.11. 

“Incremental Term Commitments” has the meaning set forth in Section 2.11. 

“Incremental Term Lender” means a Lender with an Incremental Term Commitment or an outstanding Incremental Term Loan.

 “Incremental Term Loan” has the meaning set forth in Section 2.11. 

“Incremental Term Facility” means any additional tranche of Incremental Term Commitments and Incremental Term Loans
established pursuant to Section 2.11. 
 “Incremental Term Supplement” has the meaning set forth in
Section 2.11. 

  
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 “Indebtedness” means, with respect to any specified Person, without
duplication: 
 (a) all liabilities, contingent or otherwise, of such Person constituting the outstanding principal amount in
respect of borrowed money; 
 (b) all obligations of such Person evidenced by bonds, notes, debentures or similar
instruments; 
 (c) all reimbursement obligations of such Person in respect of letters of credit or bankers’
acceptances; 
 (d) all Capital Lease Obligations of such Person; 

(e) Attributable Debt in respect of sale and leaseback transactions; 

(f) obligations of such Person for the payment of the balance deferred and unpaid of the purchase price of any property or
services, except any such balance that constitutes deferred compensation, an accrued expense or trade payable incurred by such Person in the ordinary course of business in connection with obtaining goods, materials or services and not overdue by
more than 180 days unless subject to a bona fide dispute; and 
 (g) Obligations in respect of Swap Contracts; 

if and to the extent any of the preceding items (other than the item referred to in clause (e), letters of credit, bankers’ acceptances and Obligations
in respect of Swap Contracts) would appear as a liability upon a balance sheet of the specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes (x) all Indebtedness of others secured by a Lien on
any asset of the specified Person (whether or not such Indebtedness is assumed by the specified Person) but in an amount not to exceed the lesser of the amount of such other Person’s Indebtedness or the fair market value of such asset and
(y) to the extent not otherwise included, the guarantee by the specified Person of any Indebtedness of any other Person, whether or not such guarantee is contingent, and whether or not such guarantee appears on the balance sheet of such Person.

 The amount of any Indebtedness outstanding as of any date will be: 

(1) the accreted value of the Indebtedness, in the case of any Indebtedness issued with original issue discount; and 

(2) the principal amount of the Indebtedness, together with any interest on the Indebtedness that is more than 30 days past
due, in the case of any other Indebtedness. 
 “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes,
imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Indemnitees” has the meaning specified in Section 10.04(b). 

  
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 “Information” has the meaning specified in Section 10.07.

 “Interest Payment Date” means, (a) as to any Eurodollar Rate Loan, the last day of each Interest Period
applicable to such Loan and the Maturity Date; provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest
Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each March, June, September and December and the Maturity Date. 

“Interest Period” means, as to each Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan
is disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the Borrower in its Loan Notice or such other period that is twelve months or less requested by the
Borrower and consented to by all the Lenders; provided that: 
 (a) any Interest Period that would otherwise end on a
day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; 

(b) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and 

(c) no Interest Period shall extend beyond the Maturity Date. 

“Interim Financial Statements” means the unaudited consolidated balance sheet of the Parent and its Subsidiaries dated
March 31, 2014, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for the fiscal quarter ended on that date. 

“Investments” means, with respect to any Person, all direct or indirect investments by such Person in other Persons
(including Affiliates) in the forms of loans (including guarantees of Indebtedness), advances, capital contributions or extension of credit (excluding (1) commission, travel and similar advances to officers and employees made in the ordinary
course of business and (2) advances to customers in the ordinary course of business that are recorded as accounts receivable on the balance sheet of the lender), purchases or other acquisitions for consideration of Indebtedness, Equity
Interests or other securities, together with all items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. If the Parent or any Restricted Subsidiary sells or otherwise disposes of any Equity Interests
of any Restricted Subsidiary such that, after giving effect to any such sale or disposition, such Person is no longer a Restricted Subsidiary, the Parent will be deemed to have made an Investment on the date of any such sale or disposition in an
amount equal to the fair market value of the Equity Interests of such Restricted Subsidiary not sold or disposed of. The acquisition by the Parent or any Restricted Subsidiary of a Person that holds an Investment in a third Person will be deemed to
be an Investment by the Parent or such Restricted Subsidiary in such third Person in an amount equal to the fair market value of the Investment held by the acquired Person in such third Person on the date of such acquisition. 

  
 25 

 “Involuntary Disposition” means any loss of, damage to or destruction of,
or any condemnation or other taking for public use of, any property of any Loan Party or any Subsidiary. 
 “IRS”
means the United States Internal Revenue Service. 
 “Joint Venture” means any Person that is not a direct or
indirect Subsidiary of the Parent in which the Parent or any of its Restricted Subsidiaries makes any Investment. 

“Laws” means, collectively, all international, foreign, federal, state and local statutes, treaties, rules,
guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration
thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 

“Lender” shall mean each financial institution listed on Schedule 2.01, as well as any person that becomes
a “Lender” hereunder pursuant to Section 2.09 or Section 10.06, in each case unless such person has ceased to be a Lender pursuant to Section 10.06. 

“Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s
Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent. 

“Leverage Ratio” means the ratio of Consolidated Net Funded Debt to Consolidated EBITDA for Parent and its Restricted
Subsidiaries on a consolidated basis. 
 “Lien” means, with respect to any asset, any mortgage, lien, pledge,
security interest or similar encumbrance in respect of such asset, whether or not filed, recorded or otherwise perfected under Applicable Law, including any conditional sale or other title retention agreement and any filing of or agreement to give
any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction other than a precautionary financing statement respecting a lease not intended as a security agreement. In no event will a right of first refusal
or an operating lease be deemed to constitute a Lien. 
 “Loan” means a Term Loan or an Incremental Term Loan, as
the context may require. 
 “Loan Documents” means, collectively, (a) this Agreement, (b) the Notes,
(c) the Guaranty, (d) the Collateral Documents, and (e) the Fee Letters. 
 “Loan Notice” means a
notice of (a) a Borrowing of Loans, (b) a conversion of Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the
form of Exhibit D. 

  
 26 

 “Loan Parties” means, collectively, the Parent, the Borrower and each
Subsidiary Guarantor. 
 “London Banking Day” means any day on which dealings in Dollar deposits are conducted by
and between banks in the London interbank eurodollar market. 
 “Material Adverse Effect” means (a) a material
adverse change in, or a material adverse effect on, the operations, business, assets, properties, liabilities (actual or contingent), or financial condition of the Loan Parties and their respective Subsidiaries, taken as a whole; (b) a material
impairment of the rights and remedies of the Administrative Agent or any Lender under any Loan Documents, or of the ability of the Loan Parties, taken as a whole, to perform their payment obligations under any Loan Documents; or (c) a material
adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Documents to which it is a party. 

“Material Subsidiary” means any Subsidiary of the Parent other than an Immaterial Subsidiary. 

“Maturity Date” means (i) with respect to the Term Loans, June 25, 2021 and (ii) with respect to the
Incremental Term Loans, such date of maturity as indicated in the applicable Incremental Term Supplement; provided, however, that, if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day. 

“Measurement Period” means, at any date of determination, the most recently completed four fiscal quarters of the
Parent. 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 

“Mortgage” or “Mortgages” means, individually and collectively, as the context requires, each
of the fee or leasehold mortgages, deeds of trust and deeds executed by a Loan Party that purport to grant a Lien to the Administrative Agent (or a trustee for the benefit of the Administrative Agent) for the benefit of the Secured Parties in any
Mortgaged Properties, in form and substance reasonably satisfactory to the Administrative Agent. 
 “Multiemployer
Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the Parent or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made
or been obligated to make contributions. 
 “Multiple Employer Plan” means a Plan which has two or more contributing
sponsors (including the Parent or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 

“Net Cash Proceeds” means: 

(a) with respect to any Asset Sale by the Parent or any Restricted Subsidiary, the aggregate cash proceeds received by the
Parent or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received prior to the 

  
 27 

 
date upon which Net Cash Proceeds are being determined upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net of (i) the direct costs relating to
such Asset Sale, including, without limitation, legal, accounting and investment banking fees and expenses, sales commissions, any relocation expenses and any severance, change of control or similar payments incurred as a result of the Asset Sale,
(ii) taxes paid or payable as a result of the Asset Sale, in each case, after taking into account any available tax credits or deductions and any tax sharing arrangements, (iii) amounts required to be applied to the repayment of
Indebtedness secured by a Lien on the properties or assets that were the subject of such Asset Sale, and any amounts to be set aside in any reserve established in accordance with GAAP or any amount placed in escrow, in either case for adjustment in
respect of the sale price of such properties or assets or for liabilities associated with such Asset Sale and retained by the Parent or any of its Restricted Subsidiaries until such time as such reserve is reversed or such escrow arrangement is
terminated, in which case Net Cash Proceeds shall include only the amount of the reserve so reversed or the amount returned to the Parent or its Restricted Subsidiaries from such escrow arrangement, as the case may be; 

(b) with respect to any Debt Issuance, the excess, if any, of (i) cash and cash equivalents received by the Parent or any
Subsidiary Guarantor in connection with such issuance (including any cash received by way of deferred payment pursuant, but only as and when so received) over (ii) the reasonable and customary out-of-pocket fees (including, without limitation,
legal, accounting and underwriting fees) and expenses incurred by any Loan Party or any Restricted Subsidiary in connection with such issuance; and 

(c) with respect to an Extraordinary Receipt received or paid to the account of the any Loan Party, in an aggregate amount
exceeding, for any single transaction or group of related transactions, $25,000,000 per annum, the cash proceeds received by or paid to or for the account of such Loan Party net of any taxes paid or payable as a result of the Extraordinary Receipt,
in each case, after taking into account any available tax credits or deductions and any tax sharing arrangements. 

“Non-Consenting Lender” means any Lender that does not approve any consent, waiver or amendment that (a) requires
the approval of all Lenders or all affected Lenders in accordance with the terms of Section 10.01 and (b) has been approved by the Required Lenders. 

“Non-Recourse Debt” means Indebtedness: 

(a) as to which neither the Parent nor any of its Restricted Subsidiaries (a) provides credit support of any kind
(including any undertaking, agreement or instrument that would constitute Indebtedness) or (b) is directly or indirectly liable as a guarantor or otherwise; and 

(b) no default with respect to which (including any rights that the holders of the Indebtedness may have to take enforcement
action against an Unrestricted Subsidiary) would permit upon notice, lapse of time or both any holder of any Indebtedness (other than the Obligations under this Agreement) of the Parent or any of its

  
 28 

 
Restricted Subsidiaries to declare a default on such other Indebtedness or cause the payment of such other Indebtedness to be accelerated or payable prior to its Stated Maturity. 

For purposes of determining compliance with Section 7.03, in the event that any Non-Recourse Debt of any of the Parent’s
Unrestricted Subsidiaries ceases to be Non-Recourse Debt of such Unrestricted Subsidiary, such event will be deemed to constitute an incurrence of Indebtedness by a Restricted Subsidiary of the Parent. 

“Note” means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender,
substantially in the form of Exhibit E. 
 “NPL” means the National Priorities List under CERCLA. 

“Obligations” means any principal, premium, if any, interest (including interest accruing on or after the filing of
any petition in bankruptcy or for reorganization, whether or not a claim for post-filing interest is allowed in such proceeding), penalties, fees, charges, expenses, indemnifications, reimbursement obligations, damages, guarantees, and other
liabilities or amounts payable under the documentation governing any Indebtedness or in respect thereto. 
 “OFAC”
means the Office of Foreign Assets Control of the United States Department of the Treasury. 
 “Organization
Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with
respect to any limited liability company, the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint
venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the
jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity. 

“Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former
connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising solely from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or
perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document) 

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes
that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes
that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.06). 

  
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 “Outstanding Amount” means, on any date, the aggregate outstanding
principal amount of all Loans after giving effect to any borrowings and prepayments or repayments of Loans occurring on such date. 

“Parent” means Chesapeake Oilfield Operating, L.L.C., an Oklahoma limited liability company, to be known as Seventy
Seven Energy Inc., an Oklahoma corporation, following the Conversion. 
 “Participant” has the meaning specified in
Section 10.06(d). 
 “Participant Register” has the meaning specified in Section 10.06(d). 

“PBGC” means the Pension Benefit Guaranty Corporation. 

“Pension Act” means the Pension Protection Act of 2006. 

“Pension Funding Rules” means the rules of the Code and ERISA regarding minimum required contributions (including any
installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act
and, thereafter, Section 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 
 “Pension
Plan” means any employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer Plan) that is maintained or is contributed to by the Parent and any ERISA Affiliate and is either covered by Title IV of ERISA or is
subject to the minimum funding standards under Section 412 of the Code. 
 “Permitted Acquisition Indebtedness”
means Indebtedness or Disqualified Stock of the Parent or any of its Restricted Subsidiaries to the extent such Indebtedness or Disqualified Stock was Indebtedness or Disqualified Stock of (i) a Subsidiary prior to the date on which such
Subsidiary became a Restricted Subsidiary or (ii) a Person that merged or consolidated with or into the Parent or a Restricted Subsidiary; provided that on the date such Subsidiary became a Restricted Subsidiary or the date such Person
was merged or consolidated with or into the Parent or a Restricted Subsidiary, as applicable, after giving pro forma effect thereto, (a) the Parent would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed
Charge Coverage Ratio test set forth in Section 7.03(a), or (b) the Fixed Charge Coverage Ratio for the Parent would be greater than the Fixed Charge Coverage Ratio for the Parent immediately prior to such transaction. 

“Permitted Business” means the lines of business conducted by the Parent and its Restricted Subsidiaries on the date
hereof, any business incidental or reasonably related thereto and any reasonable extension thereof. 
 “Permitted Business
Investments” means Investments by the Parent or any of its Restricted Subsidiaries in any Person (including in any Unrestricted Subsidiary or Joint Venture), provided that: 

(a) at the time of such Investment and immediately thereafter, the Parent could incur $1.00 of additional Indebtedness under
the Fixed Charge Coverage Ratio test set forth in Section 7.03(a); 

  
 30 

 (b) if such Person has outstanding Indebtedness at the time of such Investment,
either (i) all such Indebtedness is Non-Recourse Debt or (ii) any such Indebtedness of such Person that is recourse to the Parent or any of its Restricted Subsidiaries (which shall include, without limitation, all Indebtedness of such
Person for which the Parent or any of its Restricted Subsidiaries may be directly or indirectly, contingently or otherwise, obligated to pay, whether pursuant to the terms of such Indebtedness, by law or pursuant to any guarantee, including, without
limitation, any “claw-back,” “make-well” or “keep-well” arrangement) could, at the time such Investment is made, be incurred at that time by the Parent and its Restricted Subsidiaries under the Fixed Charge Coverage
Ratio test set forth in Section 7.03(a); and 
 (c) such Person is not engaged, in any material respect, in any
business other than a Permitted Business; 
 provided, however, that the aggregate value (as of the date such Investments are made) of Permitted
Business Investments that may be made by the Parent at any given time may not be greater than $100.0 million.  

“Permitted Investments” means: 

(a) any Investment in Parent or in a Restricted Subsidiary of the Parent (including through purchases of Senior Notes or other
Indebtedness); 
 (b) any Investment in Cash Equivalents; 

(c) any Investment by the Parent or any Restricted Subsidiary of the Parent in a Person, if as a result of such Investment:

 (1) such Person becomes a Restricted Subsidiary of the Parent; or 

(2) such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its
properties or assets to, or is liquidated into, the Parent or a Restricted Subsidiary of the Parent; 
 or in the case of clauses (1) or
(2) above, any Investment held by such Person at the time of such transaction, provided such Investment was not made in contemplation of such transaction; 

(d) any Investment made as a result of the receipt of non-cash consideration from: 

(1) an Asset Sale that was made pursuant to and in compliance with Section 7.04; or 

(2) a transaction under clause (9) of the items deemed not to be Asset Sales under the definition of “Asset
Sale;” 

  
 31 

 (e) any Investment in any Person to the extent received in exchange for the
issuance of Equity Interests (other than Disqualified Stock) of the Parent or any Restricted Subsidiary; 
 (f) any
Investments received in settlement of obligations of trade creditors or customers that were incurred in the ordinary course of business, including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any
trade creditor or customer, or as a result of a foreclosure by the Parent or any of its Restricted Subsidiaries with respect to any secured Investment in default; 

(g) Obligations in respect of Swap Contracts permitted to be incurred under clause (vii) of Section 7.03(b);

 (h) Investments in the form of, or pursuant to, Joint Venture and partnership agreements, and Investments and expenditures
in connection therewith or pursuant thereto, and having an aggregate fair market value (measured on the date each such Investment was made and without giving effect to subsequent changes in value), when taken together with all other Investments made
pursuant to this clause (h) that are at the time outstanding, do not exceed the greater of $75.0 million or 5.0% of the Parent’s Consolidated Tangible Assets; 

(i) Investments owned by any Person at the time such Person merges with or into the Parent or a Restricted Subsidiary or is
acquired by the Parent or a Restricted Subsidiary, provided such Investments (i) are not incurred in contemplation of such merger or acquisition and (ii) are, in the good faith determination of the Parent, incidental to such merger
or acquisition, and in each case renewals or extensions thereof in amounts not greater than the amount of such Investment; 

(j) loans or advances to employees made in the ordinary course of business of the Parent or a Restricted Subsidiary made for
bona fide business purposes; provided, however, that Permitted Investments made pursuant to this clause (j) may not exceed $2.5 million at any time outstanding; 

(k) Investments in prepaid expenses, negotiable instruments held for collection and lease, utility and worker’s
compensation, performance and other similar deposits provided to third parties and endorsements for collection or deposit arising in the ordinary course of business; 

(l) advances, deposits and prepayments for purchases of any assets, including any Equity Interests; 

(m) Permitted Business Investments; 

(n) any Investment existing on, or made pursuant to binding commitments existing on, the Closing Date, and any modifications,
renewals or extensions that do not 

  
 32 

 
increase the amount of the Investment being modified, renewed or extended (as determined as of such date of modification, renewal or extension) unless the incremental increase in such Investment
is otherwise permitted under this Agreement, and any Investment made pursuant to the Spin Off Documents; and 
 (o) other
Investments having an aggregate fair market value (measured on the date each such Investment was made and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause
(o) that are at the time outstanding, do not exceed the greater of $100.0 million or 7.5.0% of the Parent’s Consolidated Tangible Assets. 

“Permitted Liens” means:  

(a) Liens securing any Indebtedness under (1) this Agreement, (2) the ABL Credit Agreement or any other credit
agreement, commercial paper facility or other agreement providing for revolving credit loans, receivables financings or letters of credit permitted to be incurred hereunder, (3) related Obligations in respect of Swap Contracts and
(4) Obligations pursuant to Treasury Management Arrangements, in each case under (2), (3) and (4), to the extent said Liens do not encumber any of the Collateral; 

(b) Liens in favor of the Parent, the Borrower or the Subsidiary Guarantors; 

(c) Liens on property, assets or capital stock of a Person existing at the time such Person is merged with or into or
consolidated with the Parent or any Restricted Subsidiary of the Parent, provided that such Liens were not incurred in contemplation of such merger or consolidation and do not extend to any property or assets (other than improvements thereon,
accessions thereto or proceeds thereof) other than those of the Person merged into or consolidated with the Parent or the Restricted Subsidiary;  

(d) Liens on property or assets existing at the time of acquisition of the property or assets by the Parent or any
Restricted Subsidiary of the Parent, provided that such Liens were in existence prior to the contemplation of such acquisition;  

(e) any interest or title of a lessor to the property subject to a Capital Lease Obligation, sale and leaseback transaction or
operating lease; 
 (f) Liens on any property or asset acquired, constructed or improved by the Parent or any of its
Restricted Subsidiaries (a “Purchase Money Lien”) securing Indebtedness permitted under clause (iv) of Section 7.03(b), which (i) are in favor of the seller of such property or assets, in favor of the
Person developing, constructing, repairing or improving such asset or property, or in favor of the Person that provided the funding for the acquisition, development, construction, repair or improvement cost, as the case may be, of such asset or
property, (ii) are created within 360 days after the acquisition, development, construction, repair or improvement, (iii) secure the purchase price or development, construction, repair or improvement cost, as the case may be, of such asset
or property in an amount up to the cost of such acquisition, construction or improvement of such asset or property, and (iv) are limited to the asset or property so acquired, constructed or improved (including the proceeds thereof, accessions
thereto and upgrades thereof); 

  
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 (g) Liens under the Spin Off Documents or existing on the date of this Agreement
securing Indebtedness outstanding on the date of this Agreement; provided that (i) the aggregate principal amount of the Indebtedness secured by such Liens does not increase; and (ii) such Liens do not encumber any property other
than the property subject thereto on the date of this Agreement (plus improvements, accessions, proceeds or dividends or distributions in respect thereof); 

(h) Liens to secure the performance of tenders, bids, statutory obligations, surety or appeal bonds, government contracts,
performance bonds or other obligations of a like nature incurred in the ordinary course of business which were not incurred or created to secure Indebtedness for borrowed money; 

(i) Liens on and pledges of the Equity Interests of any Unrestricted Subsidiary or any Joint Venture owned by the Parent or any
Restricted Subsidiary of the Parent to the extent securing Non-Recourse Debt or other Indebtedness of such Unrestricted Subsidiary or Joint Venture; 

(j) Liens that arise by operation of law; 

(k) Liens for taxes, assessments or governmental charges or claims that are not yet delinquent or that are being
contested in good faith by appropriate proceedings diligently pursued, provided that any reserve or other appropriate provision as is required in conformity with GAAP has been made therefor;  

(l) carriers’, warehousemen’s, mechanics’, materialmen’s, repairman’s or other like Liens arising in
the ordinary course of business; 
 (m) Liens arising under operating agreements, joint venture agreements, partnership
agreements, master service agreements, oil and gas leases, farmout agreements, division orders, contracts for sale, transportation or exchange of crude oil and natural gas, unitization and pooling declarations and agreements, area of mutual interest
agreements and other agreements arising in the ordinary course of business of the Parent and its Restricted Subsidiaries, which Liens (i) only cover the assets that relate to the applicable agreement and (ii) were not incurred or created
to secure Indebtedness for borrowed money; 
 (n) Liens upon specific items of inventory, receivables or other goods or
proceeds of the Parent or any of its Restricted Subsidiaries securing such Person’s obligations in respect of bankers’ acceptances or receivables securitizations issued or created for the account of such Person to facilitate the purchase,
shipment or storage of such inventory, receivables or other goods or proceeds and permitted by Section 7.03; 

(o) Liens to secure any Permitted Refinancing Indebtedness permitted to be incurred under this Agreement; provided that
(i) the new Lien shall be limited to all or part of the same property or assets that secured or, under the written agreements pursuant 

  
 34 

 
to which the original Lien arose, could secure the original Lien (plus improvements and accessions to, such property or assets or proceeds or distributions thereof) and (ii) the
Indebtedness secured by the new Lien is not increased to any amount greater than the sum of (x) the outstanding principal amount, or, if greater, committed amount, of the Permitted Refinancing Indebtedness and (y) an amount necessary to
pay any fees and expenses, including premiums, related to such renewal, refunding, refinancing, replacement, defeasance or discharge; 

(p) any Lien resulting from the deposit of money or other Cash Equivalents or other evidence of indebtedness in trust for the
purpose of defeasing Indebtedness of the Parent or any Restricted Subsidiary; 
 (q) Intentionally Deleted; 

(r) Intentionally Deleted; 

(s) Liens to secure Obligations in respect of Swap Contracts of the Parent or any of its Restricted Subsidiaries entered
into for bona fide hedging purposes and not for speculative purposes to the extent said Liens do not encumber any of the Collateral; 

(t) Liens securing Indebtedness that does not exceed in principal amount (or accreted value, as applicable) at any one time
outstanding the greater of (a) $100.0 million or (b) 7.5% of the Parent’s Consolidated Tangible Assets determined at the time of incurrence of such Indebtedness to the extent said Liens do not encumber any of the Collateral; and 

(u) any Lien renewing, extending, refinancing or refunding a Lien permitted by clauses (a) through (t) above;
provided that (i) the principal amount of the Indebtedness secured by such Lien is not increased and (ii) no assets encumbered by any such Lien other than the assets permitted to be encumbered immediately prior to such
renewal, extension, refinance or refund are encumbered thereby; provided, in no event shall any Lien purporting to secure any of the Senior Notes be a Permitted Lien. 

“Permitted Refinancing Indebtedness” means any Indebtedness of the Parent or any of its Restricted
Subsidiaries, or portion of such Indebtedness, issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Parent or any of its Restricted Subsidiaries (other than
intercompany Indebtedness), including Indebtedness that extends, refinances, renews, replaces, defeases or refunds Permitted Refinancing Indebtedness; provided that:  

(1) the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed
the principal amount (or accreted value, if applicable) of the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded plus the unfunded commitments with respect thereto (plus all accrued interest on the
Indebtedness and the amount of all expenses and premiums incurred in connection therewith);  

  
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 (2) such Permitted Refinancing Indebtedness has a final maturity date no earlier
than the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; 

(3) if the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded is subordinated in right of payment
to the Secured Obligations, such Permitted Refinancing Indebtedness is subordinated in right of payment to the Secured Obligations on terms at least as favorable to the Lenders as those contained in the documentation governing the Indebtedness being
extended, refinanced, renewed, replaced, defeased or refunded; and 
 (4) such Indebtedness is not incurred by a Restricted
Subsidiary other than a Subsidiary Guarantor if the Parent or a Subsidiary Guarantor is the obligor on the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture,
association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any
employee benefit plan within the meaning of Section 3(3) of ERISA (including a Pension Plan), maintained for employees of the Parent or any ERISA Affiliate or any such Plan to which the Parent or any ERISA Affiliate is required to contribute on
behalf of any of its employees. 
 “Platform” has the meaning specified in Section 6.02. 

“Pledge Agreement” has the meaning specified in Section 4.01(a)(iv). 

“Preferred Stock” means, with respect to any Person, any and all preferred or preference stock or other
Equity Interests (however designated) of such Person that is preferred as to the payment of dividends or upon liquidation, dissolution or winding up. 

“Private Side Information” means the information referred to as such in Section 10.02(d).

 “Properties” has the meaning specified in Section 5.09(a). 

“Public Lender” has the meaning specified in Section 6.02. 

“Public Side Information” means the information referred to as such in Section 6.02.

 “Purchase Money Lien” has the meaning specified in clause (f) of the definition of
“Permitted Liens”. 
 “Qualified ECP Guarantor” means, at any time, each Loan Party with
total assets exceeding $10,000,000 or that qualifies at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time
under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

  
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 “Recipient” means the Administrative Agent, any Lender, or any other
recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder. 
 “Register”
has the meaning specified in Section 10.06(c). 
 “Related Parties” means, with respect to
any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees and advisors of such Person and of such Person’s Affiliates. 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events
for which the 30 day notice period has been waived. 
 “Repricing Transaction” means,
without duplication, (a) incurrence by any Loan Party of Indebtedness for borrowed money in the form of loans having an effective yield (with the comparative determinations to be made by the Administrative Agent consistent with GAAP, after
giving effect to, among other factors, margin, interest rate floors, upfront or similar fee or “original issue discount” shared with all lenders of such loans or Loans, as the case may be, but excluding the effect of any arrangement,
structuring, syndication or other fees payable in connection therewith that are not shared with all lenders of such loan or Loans, as the case may be, and without taking into account any fluctuations in the Eurodollar Rate) that is lower than that
applicable to the Term Loans, the proceeds of which are used to prepay or refinance all or a portion of the Term Loans, (b) any amendment, waiver or other modification of or under this Agreement that would have the effect of reducing the
effective interest cost or weighted average yield (with the comparative determinations to be made by the Administrative Agent consistent with GAAP, after giving effect to, among other factors, margin, interest rate floors, upfront or similar fee or
“original issue discount” shared with all lenders of such loans or Loans, as the case may be, but excluding the effect of any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared with all
lenders of such loan or Loans, as the case may be, and without taking into account any fluctuations in the Eurodollar Rate) of the Term Loans, or (c) the assignment by a Lender of its Term Loans as required under Section 10.13 as a
result of its failure to consent to any amendment of the type referred to in the foregoing clause (b), in each case other than in connection with a Change of Control.in each case other than in connection with a Change of Control. 

“Required Lenders” means, on any date of determination, Lenders holding in the aggregate more than 50%
of the Outstanding Amount; provided that the Commitment of, and the portion of the Outstanding Amount held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of
Required Lenders. 
 “Responsible Officer” means the chief executive officer, president,
any senior vice president, chief financial officer, treasurer, assistant treasurer or controller of a Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been
authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

“Restricted Investment” means an Investment other than a Permitted Investment. 

  
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 “Restricted Payment” has the meaning specified in
Section 7.01(a). 
 “Restricted Subsidiary” means each Subsidiary of the Parent
that is not an Unrestricted Subsidiary and, unless context requires otherwise, shall include the Borrower. 

“S&P” means Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill
Companies, Inc., and any successor thereto. 
 “Sanction(s)” means any sanction
administered or enforced by the United States Government (including, without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of
its principal functions. 
 “Secured Obligations” means, collectively, the Obligations
of the Borrower under this Agreement and the Obligations of the other Loan Parties under the Guaranty. 

“Secured Parties” means, collectively, the Administrative Agent, the Lenders, each co-agent or sub-agent
appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons the Secured Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral
Documents. 
 “Securities Act” means the Securities Act of 1933, as amended. 

 “Security Agreement” means the security agreement, in substantially the form of
Exhibit G, together with each other security agreement and Security Agreement Supplement delivered pursuant to Section 6.12. 

“Security Agreement Supplement” means a security agreement supplement in substantially the form of
Exhibit A to the Security Agreement. 
 “Senior Indebtedness” means  

(a) any Indebtedness of the Parent or any Restricted Subsidiary of the Parent permitted to be incurred under the terms of this
Agreement, unless the instrument under which such Indebtedness is incurred expressly provides that it is subordinated in right of payment to the Secured Obligations; and 

(b) all Obligations with respect to the items listed in the preceding clause (a). 

Notwithstanding anything to the contrary in the preceding sentence, Senior Indebtedness will not include: 

(1) any intercompany Indebtedness of the Parent or any of its Restricted Subsidiaries; 

(2) any Indebtedness that is incurred in violation of this Agreement; or 

(3) any Capital Stock. 

  
 38 

 For the avoidance of doubt, “Senior Indebtedness” will not include any trade payables
or taxes owed or owing by the Parent or any Restricted Subsidiary. 
 “Senior Notes” means the 2019
Notes and the 2022 Notes and, unless context requires otherwise, the Guarantees related thereto. 

“Spin Off” means the distribution by Chesapeake Energy of all of the issued and outstanding Equity
Interest of Parent to the holders of common stock of Chesapeake Energy. 
 “Spin Off
Transactions” means the Spin Off and the other transactions described in or otherwise contemplated by the Spin Off Registration Statement and the Spin Off Documents, including those described on Schedule 1.01A. 

“Spin Off Documents” means the Master Separation Agreement, the Transition Services Agreement, the
Amended Master Services Agreement, New Services Agreement, the Drilling Agreement, the Tax Sharing Agreement, the Employee Matters Agreement (each, as described in the Spin Off Registration Agreement) and the other agreements related or incidental
thereto, in each case, entered into, or to be entered into, by Parent and/or certain of its Subsidiaries and Chesapeake Energy and/or certain of its Subsidiaries in connection with the Spin Off Transaction. 

“Spin Off Registration Statement” means registration statement on Form 10 filed by Parent with the SEC,
including all exhibits and schedules thereto. 
 “Stated Maturity” means, with respect
to any installment of interest or principal on any series of Indebtedness, the date on which the payment of interest or principal was scheduled to be paid in the original documentation governing such Indebtedness, including pursuant to any mandatory
redemption provision, and will not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the date originally scheduled for the payment thereof; provided that, in
the case of debt securities that are by their terms convertible into Capital Stock (or cash or a combination of cash and Capital Stock based on the value of the Capital Stock) of the Parent, any obligation to offer to repurchase such debt securities
on a date or dates specified in the original terms of such securities, which obligation is not subject to any condition or contingency, will be treated as a Stated Maturity date of such convertible debt securities. 

“Subordinated Indebtedness” means Indebtedness of the Parent or its Restricted Subsidiaries that are
expressly subordinated in right of payment to the Secured Obligations. 
 “Subsidiary”
of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other
governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or
more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary 

  
 39 

 
or Subsidiaries of the Parent and, unless context requires otherwise, shall include the Borrower. Notwithstanding anything to the contrary contained herein, Nomac Services, L.L.C. and Compass
Manufacturing, L.L.C. shall be deemed not to be Subsidiaries of Parent for any purposes hereunder. 
 “Subsidiary
Guarantor” means each Domestic Subsidiary of the Parent other than Immaterial Subsidiaries and Unrestricted Subsidiaries. 

“Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative
transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward
bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions currency options spot contracts or
any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all
transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign
Exchange Master Agreement, or any other master agreement, including any such obligations or liabilities under any such master agreement and its related schedules. 

“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account
the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such
termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the market-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available
quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender). 

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

“Term Loan Commitment” means, as to any Lender, its obligation to make Term Loans to the Borrower
pursuant to Section 2.01(a) on the Closing Date in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Term Loan Commitment.” 

 “Term Loans” has the meaning specified in Section 2.01(a). 

“Threshold Amount” means $50,000,000.00.  

“Treasury Management Arrangement” means any agreement or other arrangement governing the provision of
treasury, depositary, purchasing card or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated  

  
 40 

 
clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management
services. 
 “Type” means, with respect to a Loan, its character as a Base Rate Loan or a Eurodollar
Rate Loan. 
 “UCC” means the Uniform Commercial Code as in effect in the State
of Texas; provided that, if perfection or the effect of perfection or non-perfection or the priority of any 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, “UCC” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or
non-perfection or priority. 
 “Unfunded Pension Liability” means the excess of a Pension
Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the
Code for the applicable plan year. 
 “Unrestricted Subsidiary” means any Subsidiary of
the Parent that is designated by the Board of the Parent as an Unrestricted Subsidiary pursuant to a Board Resolution, but only to the extent that such Subsidiary:  

(1) has no Indebtedness other than Non-Recourse Debt, except as permitted under clause (b) of the definition of
“Permitted Business Investments”; 
 (2) is a Person with respect to which neither the Parent nor any of its
Restricted Subsidiaries has any direct or indirect obligation (a) to subscribe for additional Equity Interests or (b) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of
operating results, except as permitted under clause (b) of the definition of “Permitted Business Investments”; 

(3) does not guarantee or otherwise directly or indirectly provide credit support for any Indebtedness of the Parent or any of
its Restricted Subsidiaries; and 
 (4) is not party to any agreement, contract, arrangement or understanding with the Parent
or any Restricted Subsidiary that is not in compliance with Section 7.05. 
 Any Subsidiary of an Unrestricted Subsidiary shall
also be an Unrestricted Subsidiary. 
 Any designation of a Subsidiary of the Parent as an Unrestricted Subsidiary will be evidenced
to the Administrative Agent by delivering to the Administrative Agent a Board Resolution giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the preceding conditions and was permitted by
Section 7.01; provided, however, that Section 7.01 need not be complied with if the Subsidiary to be so designated has total assets of $1,000 or less. If, at any time, any Unrestricted Subsidiary would fail to meet the
preceding requirements as an Unrestricted Subsidiary, it will thereafter cease to be an Unrestricted Subsidiary for purposes of this Agreement and any Indebtedness of such  

  
 41 

 
Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the Parent as of such date, any Liens on the assets of such Subsidiary shall be deemed to be incurred by a Restricted
Subsidiary of the Parent at such time and any Investments held by such Subsidiary shall be deemed to be made by a Restricted Subsidiary of the Parent at such time and, if such Indebtedness is not permitted to be incurred as of such date under
Section 7.03, such Lien is not permitted to be incurred as of such date under Section 7.06 or such Investment is not permitted to be made as of such date under Section 7.01, the Parent will be in default of such
covenant. 
 Notwithstanding anything herein contained, the Borrower, Nomac Drilling, L.L.C., Performance Technologies, L.L.C., Great Plains
Oilfield Rental, L.L.C. and Oilfield Tracking Solutions shall never be Unrestricted Subsidiaries. 
 “United
States” and “U.S.” mean the United States of America. 
 “U.S.
Loan Party” means any Loan Party that is organized under the laws of one of the states of the United States of America and that is not a CFC. 

“U.S. Person” means any Person that is a “United States Person” as defined in
Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance Certificate” has the
meaning assigned to such term in Section 3.01(e)(ii)(B)(iii). 
 “Weighted Average Life to
Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing:  

(a) the sum of the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund,
serial maturity or other required payments of principal, including payment at final maturity, in respect of the Indebtedness, by (b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making
of such payment; by 
 (b) the then outstanding principal amount of such Indebtedness. 

Section 1.02 Other Interpretive Provisions. With reference to this Agreement and each other Loan Document, unless otherwise
specified herein or in such other Loan Document: 
 (a) The definitions of terms herein shall apply equally to the singular
and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed
to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i) any definition of or
reference to any agreement, instrument or other document (including any Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented, amended and restated or
otherwise modified, (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar

  
 42 

 
import when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan
Document to Articles, Sections, Preliminary Statements, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Preliminary Statements, Exhibits and Schedules to, the Loan Document in which such references appear,
(v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or
regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all
tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

(b) In the computation of periods of time from a specified date to a later specified date, the word
“from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through”
means “to and including.” 
 (c) Section headings herein and in the other Loan
Documents are included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 

Section 1.03 Accounting Terms. (a) Generally. All accounting terms not specifically or completely defined herein shall
be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in
effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein. 

(b) Changes in GAAP. If at any time any change in GAAP would affect the computation of any financial ratio or
requirement set forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the
original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such
change therein and (ii) the Parent shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between
calculations of such ratio or requirement made before and after giving effect to such change in GAAP. 
 (c) Consolidation
of Variable interest Entities. All references herein to consolidated financial statements of the Parent and its Subsidiaries or to the determination of any amount for the Parent and its Subsidiaries on a consolidated basis or any similar
reference shall, in each case, be deemed to include each variable interest entity that the Parent is required to consolidate pursuant to FASB ASC 810 as if such variable interest entity were a Subsidiary as defined herein. 

  
 43 

 Section 1.04 Rounding. Any financial ratios required to be calculated by the Parent
pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down
to the nearest number (with a rounding-up if there is no nearest number). 
 Section 1.05 Times of Day. Unless otherwise
specified, all references herein to times of day shall be references to Central time (daylight or standard, as applicable). 
 ARTICLE II

 THE COMMITMENTS AND LOANS 

Section 2.01 The Loans. 

(a) Each Lender severally agrees to make a term loan (each a “Term Loan” and
collectively, the “Term Loans”) to the Borrower in an amount equal to such Lender’s Term Loan Commitment, which loans shall be disbursed in a single advance on the Closing Date in a principal amount equal to 99.5% of
such Lender’s Term Loan Commitment; provided that for the avoidance of doubt, the principal amount of each Term Loan made hereunder shall be an amount equal to 100% of each Lender’s Term Loan
Commitment. 
 (b) Lenders may, but shall not be required to, agree to commit to make additional Loans if
requested by the Borrower pursuant to Section 2.11. 
 (c) Amounts borrowed under this Section 2.01
which are repaid or prepaid may not be reborrowed. 
 Section 2.02 Borrowings, Conversions and Continuations of Loans.
(a) Each Borrowing, each conversion of Loans of any Class from one Type to the other, and each continuation of Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by
telephone or email. Each such notice must be received by the Administrative Agent not later than 11:00 a.m. (i) three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans or of
any conversion of Eurodollar Rate Loans to Base Rate Loans, and (ii) on the requested date of any Borrowing of Base Rate Loans. Each notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to
the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. It is understood that a Loan Notice may be signed by: (i) means of a facsimile or stamp signature of a Responsible
Officer of the Borrower or (ii) by another officer of the Borrower who has been authorized to make such request and for which the Administrative Agent has received such documentation as it may reasonably request regarding such authorizations
and specimen signature. Each Borrowing of, conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount of $2,500,000 or a whole multiple of $500,000 in excess thereof. Each Borrowing of or conversion to Base Rate Loans
shall be in a principal amount of $250,000 or a whole multiple of $50,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Borrowing, a conversion of Loans from 

  
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one Type to the other, or a continuation of Eurodollar Rate Loans, (ii) the Class of Loans being borrowed, converted or continued, (iii) the requested date of the Borrowing, conversion
or continuation, as the case may be (which shall be a Business Day), (iv) the principal amount of Loans to be borrowed, converted or continued, (v) the Type of Loans to be borrowed or to which existing Loans are to be converted, and
(vi) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify a Type of Loan in a Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the
applicable Loans shall be made as, or converted to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans.
If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. 

(b) Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its
Applicable Class Percentage of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans
described in Section 2.02(a). In the case of a Borrowing, each Lender shall make the amount of its Loan of the applicable Class available to the Administrative Agent in immediately available funds at the Administrative Agent’s
Office not later than 1:00 p.m. on the Business Day specified in the applicable Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.01, with respect to the Term Loan advances made on the Closing Date, the
Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent at the Borrower’s option either by (i) crediting the account of the Borrower on the books of Bank of
America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower. 

(c) A Eurodollar Rate Loan may be converted only on any day in accordance with Section 2.02(a), regardless of
whether such conversion date is the last day of an Interest Period for such Eurodollar Rate Loan, subject to any amounts due under Section 3.05(a). During the existence of a Default, no Loans may be requested as, converted to or
continued as Eurodollar Rate Revolving Credit Loans without the consent of the Required Lenders. 
 (d) The Administrative
Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest Period for Eurodollar Rate Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative
Agent shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used in determining the Base Rate promptly following the public announcement of such change. 

(e) After giving effect to all conversions of Term Loans from one Type to the other, and all continuations of Term Loans as the
same Type, there shall not be more than ten (10) Interest Periods in effect with respect to Eurodollar Rate Loans. 

  
 45 

 Section 2.03 Prepayments. (a) Optional. (i) The Borrower may, upon
notice to the Administrative Agent, at any time or from time to time voluntarily prepay Loans of any Class in whole or in part without premium or penalty; provided that (A) such notice must be received by the Administrative Agent not
later than 12:30 p.m. (3) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any prepayment of Eurodollar Rate Loans shall be in a principal amount of
$5,000,000 or a whole multiple of $1,000,000 in excess thereof; and (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire
principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) and Class of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans.
The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Class Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make
such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any
additional amounts required pursuant to Section 3.05. Subject to Section 2.12, each such prepayment shall be applied to the Loans of the applicable Class of Lenders in accordance with their respective Applicable Class
Percentages. 
 (ii) (1) If the Borrower makes a prepayment of any Term Loan pursuant to Section 2.03(a) in
connection with a Repricing Transaction or (2) the Term Loans are otherwise subject to a Repricing Transaction, in each case, the Borrower shall pay a premium in respect of the principal amount of Term Loans that are subject to such prepayment
or Repricing Transaction in an amount equal to 1.00% of such principal amount if such prepayment or Repricing Transaction occurs prior to the six month anniversary of the Closing Date. Each such prepayment shall be applied to the principal
installments of the applicable Loans in the manner directed by the Borrower (or, if no such direction is provided, in the direct order of maturity of such installments) for the benefit of the applicable Class of the Lenders in accordance with their
respective Applicable Class Percentages. 
 (b) Mandatory. Until such time as the Outstanding Amount has been repaid
in full, the Outstanding Amount shall be permanently prepaid in the amounts set forth below upon the occurrence of any of the following events: 

(i) Within five (5) Business Days after financial statements have been delivered pursuant to Section 6.01(a)
and the related Compliance Certificate has been delivered pursuant to Section 6.02(a), beginning for the period of the fiscal year ending December 31, 2015, the Borrower shall prepay the Loans as hereafter provided in an aggregate
amount equal to (i) 25% of Excess Cash Flow for the fiscal year covered by such financial statements less (ii) the amount of any 

  
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voluntary prepayments made on the Term Loan during such fiscal year; provided, however, if the Leverage Ratio as of the last day of such fiscal year is less than 3.25 to 1.0, then
the Borrower shall not be required to make the foregoing payment for such fiscal year. 
 (ii) The Borrower shall prepay the
Term Loans and, if so provided in the Incremental Term Supplement applicable thereto, Incremental Term Loans, in an aggregate amount equal to the Excess Asset Sale Proceeds at such time as required by Section 7.04(b). 

(iii) In the event of any Debt Issuance on or after the Closing Date, the Borrower shall prepay the Term Loans and, if so
provided in the Incremental Term Supplement applicable thereto, Incremental Term Loans, in an aggregate amount equal to 100% of all Net Cash Proceeds received therefrom within five (5) Business Days of receipt of such Net Cash Proceeds. 

(iv) If Net Cash Proceeds of Extraordinary Receipts received on or after the Closing Date by any Loan Party exceed during any
calendar year an amount equal to $50,000,000 (the portion of such Net Cash Proceeds that exceeds $50,000,000 is herein referred to as “Excess Extraordinary Receipts”) the Borrower shall prepay an aggregate amount of Term
Loans and, if so provided in the Incremental Term Supplement applicable thereto, Incremental Term Loans, equal to 100% of such Excess Extraordinary Receipts within five (5) Business Days of receipt thereof by such Loan Party; provided,
however, that, for so long as no Event of Default shall have occurred and be continuing, any Loan Party may reinvest such Extraordinary Receipts in assets used in the businesses of the Borrower or its Restricted Subsidiaries, and in such case
any such Extraordinary Receipts that have not been reinvested within 365 days from the receipt thereof shall be immediately applied to the prepayment of the Term Loans and, if so provided in the Incremental Term Supplement applicable thereto,
Incremental Term Loans as set forth herein; provided, further, that, if any Loan Party has entered into a binding commitment to reinvest any portion of the Excess Extraordinary Receipts in accordance with the foregoing proviso within
such 365 day period, then the prepayment using such portion of the Excess Extraordinary Receipts shall not be required until the date that is 730 days after receipt of such Net Cash Proceeds. 

provided in each case, that if at the time that any such prepayment would be required, the Parent or the Borrower is
required to offer to repurchase any other Indebtedness permitted to be incurred hereunder pursuant to the terms of the documentation governing such Indebtedness with the Net Cash Proceeds of such transaction or event (such Indebtedness required to
be offered to be so repurchased, “Other Applicable Indebtedness”), then the Parent or the Borrower, as applicable, may apply such Net Cash Proceeds on a pro rata basis (determined on the basis of the aggregate outstanding
principal amount of the Term Loans and, if so provided in the Incremental Term Loan Supplement applicable thereto, Incremental Term Loans and Other Applicable Indebtedness at such time); provided, further, that
(A) the portion of such Net Cash Proceeds allocated to the Other Applicable Indebtedness shall not exceed the amount of such Net Cash  

  
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Proceeds required to be allocated to the Other Applicable Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of such Net Cash Proceeds shall be allocated to the Term
Loans and, if so provided in the Incremental Term Loan Supplement applicable thereto, Incremental Term Loans in accordance with the terms hereof to the prepayment of the Term Loans and, if applicable, the Incremental Term Loans, and the amount of
prepayment of the Term Loans and, if applicable, the Incremental Term Loans, that would have otherwise been required pursuant to this Section 2.03(b) shall be reduced accordingly and (B) to the extent the holders of Other Applicable
Indebtedness decline to have such indebtedness repurchased or prepaid, the declined amount shall promptly (and in any event within ten (10) Business Days after the date of such rejection) be applied to prepay the Term Loans and, if so provided
in the Incremental Term Loan Supplement applicable thereto, Incremental Term Loans in accordance with the terms hereof. 
 All Net Cash
Proceeds not applied pursuant to this Section 2.03(b) or Section 7.04(b) may be used by the Loan Parties and their respective Subsidiaries for general corporate purposes. 

(c) Each prepayment of Term Loans and, if so provided in the Incremental Term Supplement applicable thereto, Incremental Term
Loans, required to be made pursuant to subsection (b) of this Section 2.03 shall be applied ratably to all outstanding Term Loans (provided that any Class of Incremental Term Loans may specify that one or more other
Classes of Term Loans and Incremental Term Loans may be prepaid prior to such Class of Incremental Term Loans) and, if so provided in the Incremental Term Supplement applicable thereto, Incremental Term Loans, and the principal repayment
installments thereof shall be applied pro rata. Within the foregoing parameters, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans. 

(d) If the Borrower is required to make a mandatory prepayment of Eurodollar Rate Loans under this Section 2.03 at
any time that is other than the end of the current Interest Periods, and provided that no Default shall then exist, the Borrower shall have the right, in lieu of making such prepayment in full prior to the end of an Interest Period, to defer the
making of such prepayment until the last day of the current Interest Periods applicable thereto. 
 Section 2.04 Repayment of
Loans. The Borrower agrees to repay to the Lenders in quarterly installments of principal, each of which shall be equal to 0.25% of the initial aggregate principal amount of the Term Loans. The first such payment shall be made on
September 30, 2014 and each subsequent payment shall be made thereafter on the last Business Day of each March, June, September and December, with a final payment due in respect of any Term Loans on the Maturity Date in an amount equal to
the Outstanding Amount of the applicable Class of Loans as of such date. Each of the foregoing provisions in this Section 2.04 shall apply equally to Incremental Term Loans unless otherwise provided in the applicable Incremental Term
Supplement. Each time that additional Loans are made pursuant to increases in Commitments pursuant to Section 2.11, the amount of the remaining installments of principal shall be adjusted so that each such remaining installment is in an
amount equal to 0.25% of the principal amount of all Loans outstanding on the date that such additional Loans are made (including the amount of the additional Loans made on such date). 

  
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 Section 2.05 Interest. (a) Subject to the provisions of
Section 2.05(b), (i) each Eurodollar Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the applicable Eurodollar Rate for such Interest Period plus
the Applicable Rate; and (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate. 

(b) (i) If any amount of principal of any Loan is not paid when due (without regard to any applicable grace periods), whether
at Stated Maturity, by acceleration or otherwise, such amount shall thereafter, bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 

(ii) If any amount (other than principal of any Loan) payable by the Borrower under any Loan Document is not paid when due
(without regard to any applicable grace periods), whether at Stated Maturity, by acceleration or otherwise, then upon the request of the Required Lenders such amount shall thereafter, bear interest at a fluctuating interest rate per annum at all
times equal to the Default Rate to the fullest extent permitted by applicable Laws. 
 (iii) Upon the request of the Required
Lenders, while any Event of Default exists, the Borrower shall pay interest on the principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent
permitted by applicable Laws. 
 (iv) Accrued and unpaid interest on past due amounts (including interest on past due
interest) shall be due and payable upon demand. 
 (c) Interest on each Loan shall be due and payable in arrears on each
Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any
proceeding under any Debtor Relief Law. 
 Section 2.06 Fees. The Borrower agrees to pay to the Arranger and the Administrative
Agent for their own respective accounts fees in the amounts and at the times specified in the Fee Letters. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

Section 2.07 Computation of Interest and Fees. All computations of interest for Base Rate Loans determined by reference to the
“prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which
results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the
day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.09(a), bear interest for one day. Each determination by the Administrative Agent
of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 

  
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 Section 2.08 Evidence of Debt. The Loans made by each Lender shall be evidenced by
one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of
the amount of the Loans made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any
amount owing with respect to the Obligations hereunder. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and
records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a
Note, which shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), Class, amount and maturity of its Loans and payments with
respect thereto. 
 Section 2.09 Payments Generally; Administrative Agent’s Clawback. (a) General. All payments
to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative
Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent
will promptly distribute to each Lender its Applicable Percentage or Applicable Class Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All
payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrower shall come due on a day
other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected on computing interest or fees, as the case may be. 

(b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received
notice from a Lender prior to the proposed date of any Borrowing of Eurodollar Rate Loans (or, in the case of any Borrowing of Base Rate Loans, prior to 12:00 Noon on the date of such Borrowing) that such Lender will not make available to the
Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or, in the case of a Borrowing of Base Rate
Loans, that such Lender has made such share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a
Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in
immediately available funds 

  
 50 

 
with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the
case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or
similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made by the Borrower, the interest rate applicable to Base Rate Loans; provided that if such demand is
made after the time the Borrower may request funding of available amounts of Base Rate Loans, such payment by the Borrower shall not be due until the next succeeding Business Day. If the Borrower and such Lender shall pay such interest to the
Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing to
the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed
to make such payment to the Administrative Agent. 
 (ii) Payments by Borrower: Presumptions by Administrative Agent.
Unless the Administrative Agent shall have received notice from the Borrower prior to the time at which any payment is due to the Administrative Agent for the account of the Lenders hereunder that the Borrower will not make such payment, the
Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders the amount due. In such event, if the Borrower has not in fact made such
payment, then each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender, in immediately available funds with interest thereon, for each day from and including the date such
amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation. 
 A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this subsection
(b) shall be conclusive, absent manifest error. 
 (c) Failure to Satisfy Conditions Precedent. If any
Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent
because the conditions to the applicable Loan set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such
Lender, without interest. 
 (d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make
Loans and to make payments pursuant to Section 10.04(c) are several and not 

  
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joint. The failure of any Lender to make any Loan or to make any payment under Section 10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding
obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or to make its payment under Section 10.04(c). 

(e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any
particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

(f) Insufficient Funds. If at any time insufficient funds are received by and available to the Administrative Agent to
pay fully all amounts of principal, interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts
of interest and fees then due to such parties, and (ii) second, toward payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties. 

Section 2.10 Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim
or otherwise, obtain payment in respect of (a) Secured Obligations due and payable to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (1) the amount of
such Secured Obligations due and payable to such Lender hereunder and under the other Loan Documents at such time to (ii) the aggregate amount of the Secured Obligations due and payable to all Lenders hereunder and under the other Loan
Documents at such time) of payments on account of the Secured Obligations due and payable to all Lenders hereunder and under the other Loan Documents at such time obtained by all the Lenders at such time or (b) Secured Obligations owing (but
not due and payable) to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Secured Obligations owing (but not due and payable) to such
Lender hereunder and under the other Loan Documents at such time to (ii) the aggregate amount of the Secured Obligations owing (but not due and payable) to all Lenders hereunder and under the other Loan Parties at such time) of payment on
account of the Secured Obligations owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time obtained by all of the Lenders at such time then the Lender receiving such greater proportion shall
(a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments
shall be shared by the Lenders ratably in accordance with the aggregate amount of Secured Obligations then due and payable to the Lenders or owing (but not due and payable) to the Lenders hereunder or under the other Loan Documents, as the case may
be, provided that: 
 (i) if any such participations or subparticipations are purchased and all or any portion
of the payment giving rise thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery without interest; and 

  
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 (ii) the provisions of this Section shall not be construed to apply to
(A) any payment made by or on behalf of the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), or (B) any payment obtained
by a Lender as consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than an assignment to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this
Section shall apply). 
 The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law,
that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower
in the amount of such participation. 
 Section 2.11 Increase in Commitments. (a) Request for
Increase. Provided that no Default or Event of Default shall have occurred and be continuing at such time or would result therefrom, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrower may at any time
and from time to time, request an increase in Loans (which increase may take the form of new term loan commitments (“Incremental Term Commitments”) and loans (“Incremental Term Loans”)) under an
Incremental Term Facility in an aggregate amount not exceeding the Available Incremental Amount; provided that any such request for an increase shall be in a minimum amount of $50,000,000. At the time of sending
such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of
such notice to such Lenders by the Administrative Agent). With respect to any Incremental Term Facility, the Parent, the Borrower, the Administrative Agent and the Incremental Term Lenders party thereto shall enter into a supplement to this
Agreement (an “Incremental Term Supplement”) and such Incremental Term Supplement shall set forth the terms and conditions relating to any Incremental Term Facility, which, to the extent that they are in the
aggregate materially more adverse to the Parent and its Restricted Subsidiaries than the terms and conditions relating to the Term Facility, shall be reasonably acceptable to the Administrative Agent (except to the extent that they are consistent
with clause (e) below). 
 (b) Lender Elections to Increase. Each Lender shall notify the
Administrative Agent within such time period whether or not it agrees to increase its Commitment, and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Lender’s Applicable Percentage in respect
of the Term Facility) of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment. The Borrower is entitled to elect, in its discretion, Incremental Term Lenders from
among the existing Lenders and any additional banks, financial institutions and other institutional lenders or investors, subject to the consent of (i) such proposed Incremental Term Lender and (ii) the Administrative Agent (which consent
shall not be unreasonably withheld). Subject to the approval of the Administrative Agent (which approval shall not be unreasonably withheld), the Borrower may also invite Eligible Assignees to become Lenders pursuant to a joinder agreement in form
and substance satisfactory to the Administrative Agent and its counsel. 

  
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 (c) Notification by Administrative Agent; Additional Lenders. The
Administrative Agent shall notify the Borrower and each Lender of the Lenders’ responses to each request made hereunder. 

(d) Effective Date and Allocations. If the Commitments and/or Loans are increased in accordance with this Section, the
Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Borrower and the Lenders,
including the proposed new lenders, as applicable, of the final allocation of such increase and the Increase Effective Date. Such amendment may be signed by the Administrative Agent on behalf of the Lenders. 

(e) Conditions to Effectiveness of Increase. As a condition precedent to such increase, (1) the Borrower shall
deliver to the Administrative Agent a certificate dated as of the Increase Effective Date (in sufficient copies for each Lender) signed by a Responsible Officer of the Borrower certifying that, immediately after giving effect to such increase in
Term Loans or Incremental Term Facility, (A) the representations and warranties contained in Article V and this Agreement are true and correct in all material respects on and as of the Increase Effective Date, except to the extent that
such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, and except that for purposes of this Section 2.11, the representations
and warranties contained in subsection (a) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clause (a) of Section 6.01, and (B) no Default or Event of
Default shall have occurred and be continuing at such time or would result from the increase in Term Loans or Incremental Term Facility on such Increase Effective Date, (2) all fees and expenses of the Administrative Agent and the Lenders in
connection with such increase in Term Loans or Incremental Term Facility shall have been paid on or prior to the Increase Effective Date to the extent provided in the applicable Incremental Term Supplement, (3) with respect to each Incremental
Term Facility, such Incremental Term Facility shall (i) not have a final maturity date earlier than the Maturity Date applicable to the Term Facility or a Weighted Average Life to Maturity shorter than the Weighted Average Life to Maturity of
the Term Facility and (ii) be secured by either a pari passu or junior lien on the Collateral, (4) the Applicable Rate for the Incremental Term Loans shall be determined by the Borrower and the lenders thereof; provided,
that, in the case of any Incremental Term Loans that are secured by a Lien on the Collateral that is pari passu with the Lien securing the Term Loans, (A) in the event that the applicable margin for any Incremental Term Loans Incurred
under such Incremental Term Facility exceeds the applicable margin for the Term Loans by more than 50 basis points, then the Applicable Rate for the Term Loans shall be adjusted so that the applicable margin for the Incremental Term Loans under such
Incremental Term Facility does not exceed the applicable margin for the Term Loans by more than 50 basis points; provided, further, that the determination of the applicable margin for the Term Loans and Incremental Term Loans under the
Incremental Term Facility shall include the following items: (x) interest 

  
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rate margins and (y) original issue discount (“OID”) or upfront fees (which shall be deemed to constitute like amounts of OID) payable to the Lenders in the primary
syndication thereof (with OID being equated to interest based on an assumed four-year life to maturity) and shall exclude customary arrangement or commitment fees payable to the arrangers (or their affiliates) of such loans and (B) in the event
that the Eurodollar Rate floor and/or Base Rate floor applicable to the Incremental Term Facility is greater than the Eurodollar Rate floor or Base Rate floor, respectively, applicable to the Term Loans, the Eurodollar Rate floor and/or Base Rate
floor applicable to the Term Loans shall be adjusted to match such Eurodollar Rate floor or Base Rate floor applicable to the Incremental Term Loans but only to the extent an increase in the Eurodollar Rate floor or Base Rate floor applicable to the
Term Loans would cause an increase in the interest rate then in effect thereunder, and in such case the Eurodollar Rate floor and Base Rate floor (but not the Applicable Rate) applicable to the Term Loans shall be increased to the extent of such
differential between interest rate floors, and (5) subject to clause (4)(i), the amortization schedule applicable to the Incremental Term Loans shall be determined by the Borrower and the lenders thereof. 

(f) Funding. On each Increase Effective Date, each applicable Lender or other bank, financial institution or other
institutional lender or investor that is providing an Incremental Term Commitment shall make an Incremental Term Loan to the Borrower in a principal amount equal to such Lender’s or Person’s Incremental Term Commitment pursuant to the
procedures set forth in Section 2.02. Any Incremental Term Loan shall be a “Loan” for all purposes of this Agreement and the other Loan Documents. 

(g) Conflicting Provisions. This Section shall supersede any provisions in Section 2.10 or
Section 10.01 to the contrary. 
 Section 2.12 Defaulting Lenders. (a) Adjustments. Notwithstanding anything
to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting lender, to the extent permitted by applicable Law: 

(i) Waivers and Amendments. That Defaulting Lender’s right to approve or disapprove any amendment, waiver or
consent with respect to this Agreement shall be restricted as set forth in Section 10.01. 
 (ii) Reallocation
of Payments. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise, and
including any amounts made available to the Administrative Agent by that Defaulting Lender pursuant to Section 10.08), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to
the payment of any amounts owing by that Defaulting Lender to the Administrative Agent hereunder; second, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which that
Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative 

  
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Agent; third, if so determined by the Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that
Defaulting Lender to fund Loans under this Agreement; fourth, to the payment of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender against that Defaulting Lender as a
result of that Defaulting Lender’s breach of its obligations under this Agreement; fifth, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of
competent jurisdiction obtained by the Borrower against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and sixth, to that Defaulting Lender or as otherwise directed by a
court of competent jurisdiction. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender pursuant to this Section 2.12(a)(ii) shall be deemed
paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 
 (b) Defaulting Lender
Cure. If the Borrower and the Administrative Agent agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as
of the effective date specified in such notice and subject to any conditions set forth therein, that Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders or take such other actions as the
Administrative Agent may determine to be necessary to cause the Loans to be held on a pro rata basis by the Lenders in accordance with their Applicable Percentages, whereupon that Lender will cease to be a Defaulting Lender; provided that
except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a
Defaulting Lender. 
 Section 2.13 Discounted Voluntary Prepayments. 

(a) Notwithstanding anything to the contrary in Section 2.03(a) (which shall not be applicable to
this Section 2.13), the Borrower shall have the right at any time and from time to time to offer (a “Discounted Voluntary Prepayment Offer”) to prepay Loans under the Facility at a discount to the par value of
such Loans and on a non pro rata basis (a “Discounted Voluntary Prepayment”) pursuant to the procedures described in this Section 2.13; provided,
however, that (A) any Discounted Voluntary Prepayment shall be offered to all Lenders with Loans outstanding on a pro rata basis (which such Lenders shall be allowed to offer all or a part of such
Lender’s Term Loans for prepayment), (B) no Default or Event of Default has occurred and is continuing or would result from such Discounted Voluntary Prepayment, (C) the Borrower shall deliver to the Administrative Agent a certificate
stating that (1) no Default or Event of Default has occurred and is continuing or would result from such Discounted Voluntary Prepayment, (2) each of the conditions to such Discounted Voluntary Prepayment contained in this
Section 2.13 has been satisfied and (3) none of Parent, Borrower or any other Loan Party has any material Private Side Information that has not been disclosed to the Lenders 

  
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generally (other than those Lenders who have elected to not receive any Private Side Information with respect to the Loan Parties) and (D) no more than one Discounted Voluntary Prepayment
Offer may be issued and pending at any one time and no more than five Discounted Voluntary Prepayment Offers may be made in any one Fiscal Year (in each case unless the Administrative Agent consents in its reasonable discretion). 

(b) The Borrower must terminate any Discounted Voluntary Prepayment Offer if they fail to satisfy one or more of the conditions
set forth above in Section 2.13(a) that are required to be met at the time at which the Term Loans would have been prepaid pursuant to such Discounted Voluntary Prepayment Offer. If the Borrower commences any Discounted Voluntary
Prepayment Offer (and all relevant requirements set forth above that are required to be satisfied at the time of the commencement of such Discounted Voluntary Prepayment Offer have in fact been satisfied), and if at such time of commencement the
Borrower reasonably believes that all required conditions set forth above that are required to be satisfied at the time of the consummation of such Discounted Voluntary Prepayment Offer shall be satisfied, then the Borrower shall have no liability
to any Term Lender or any other Person for any termination of such Discounted Voluntary Prepayment Offer as a result of their failure to satisfy one or more of the conditions set forth above that are required to be met at the time that otherwise
would have been the time of consummation of such Discounted Voluntary Prepayment Offer, and any such failure shall not result in any Default or Event of Default hereunder. All Term Loans prepaid by the Borrower pursuant to this
Section 2.13 shall be accompanied by all accrued interest on the par principal amount so prepaid to, but not including, the date of the Discounted Voluntary Prepayment. The par principal amount of Term Loans prepaid pursuant to this
Section 2.13(b) shall be applied to reduce the final installment payment of the Term B Repayment Amounts and New Term Loan Repayment Amounts, as the case may be. 

(c) Each Discounted Voluntary Prepayment Offer shall comply with the Auction Procedures and any such other procedures
established by the Auction Manager in its reasonable discretion and agreed to by the Borrower. 
 (d) The Auction Manager
acting in its capacity as such hereunder shall be entitled to the benefits of the provisions of Article IX and Section 10.04 to the same extent as if each reference therein to the “Administrative Agent” were a reference
to the Auction Manager, and the Administrative Agent shall cooperate with the Auction Manager as reasonably requested by the Auction Manager in order to enable it to perform its responsibilities and duties in connection with each Discounted
Voluntary Prepayment Offer. 
 (e) This Section 2.13 shall neither (A) require the Borrower to undertake any
Discounted Voluntary Prepayment Offer nor (B) limit or restrict the Borrower from making voluntary prepayments of Term Loans in accordance with Section 2.03(a). 

  
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 ARTICLE III 

TAXES, YIELD PROTECTION AND ILLEGALITY 

Section 3.01 Taxes. (a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. Any and all
payments by or on account of any obligation of any Loan Party under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable Laws. If any applicable Laws (as determined in the good faith
discretion of the Administrative Agent) require the deduction or withholding of any Tax from any such payment by the Administrative Agent or a Loan Party, then (A) the Administrative Agent or such Loan Party shall be entitled to make such
deduction or withholding, upon the basis of the information and documentation to be delivered pursuant to subsection (e) below, (B) the Administrative Agent or such Loan Party, to the extent required by such Laws, shall timely pay
the full amount withheld or deducted to the relevant Governmental Authority in accordance with such Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan
Party shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives
an amount equal to the sum it would have received had no such withholding or deduction been made. 
 (b) Payment of Other
Taxes by the Loan Parties. Without limiting the provisions of subsection (a) above, the Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative
Agent timely reimburse it for the payment of, any Other Taxes. 
 (c) Tax Indemnifications. 

(i) Each of the Loan Parties shall, and does hereby, jointly and severally indemnify each Recipient, and shall make payment in
respect thereof within ten (10) days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01) payable or paid
by such Recipient or required to be withheld or deducted from a payment to such Recipient, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf
or on behalf of a Lender, shall be conclusive absent manifest error. Each of the Loan Parties shall also, and does hereby, jointly and severally indemnify the Administrative Agent, and shall make payment in respect thereof within ten (Section
3.01) days after demand therefor, for any amount which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 3.01(c)(ii) below. 

  
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 (ii) Each Lender shall, and does hereby, severally indemnify and shall make
payment in respect thereof within ten (10) days after demand therefor, (A) the Administrative Agent against any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the
Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (B) the Administrative Agent and the Loan Parties, as applicable, against any Taxes attributable to such Lender’s failure to
comply with the provisions of Section 10.06(d) relating to the maintenance of a Participant Register and (C) the Administrative Agent and the Loan Parties, as applicable, against any Excluded Taxes attributable to such Lender, that
are payable or paid by the Administrative Agent or a Loan Party in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by
the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to
set off and apply any and all amounts at any time owing to such Lender, under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this clause (ii). 

(d) Evidence of Payments. Upon request by the Borrower or the Administrative Agent, as the case may be, after any
payment of Taxes by any Loan Party or by the Administrative Agent to a Governmental Authority as provided in this Section 3.01, the Borrower shall deliver to the Administrative Agent or the Administrative Agent shall deliver to the
Borrower, as the case may be, the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by Laws to report such payment or other evidence of such payment reasonably
satisfactory to the Borrower or the Administrative Agent, as the case may be. 
 (e) Status of Lenders; Tax
Documentation. 
 (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to
payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably
requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent,
shall deliver such other documentation prescribed by applicable Law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to
backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in
Section 3.01(e)(ii)(A), Section 3.01(e)(ii)(B) and Section 3.01(e)(ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion,

  
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execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

(ii) Without limiting the generality of the foregoing, in the event that the Borrower is a U.S. Person, 

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

(ii) executed originals of IRS Form W-8ECI; 

(iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c)
of the Code, (x) a certificate substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of
the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed
originals of IRS Form W-8BEN; or 

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

(C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the
Administrative Agent), executed originals of any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be
prescribed by applicable Law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if
such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent
at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code)
and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has
complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this
Agreement. 
 (iii) Each Lender agrees that if any form or certification it previously delivered pursuant to this
Section 3.01 expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

  
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 (f) Treatment of Certain Refunds. Unless required by applicable Laws, at
no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or deducted from funds paid for the account of such Lender.
If any Recipient determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified by any Loan Party or with respect to which any Loan Party has paid additional amounts
pursuant to this Section 3.01, it shall pay to such Loan Party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such Loan Party under this Section 3.01 with
respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with
respect to such refund), provided that each Loan Party, upon the request of the Recipient, agrees to repay the amount paid over to such Loan Party (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) to the Recipient in the event the Recipient is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this subsection, in no event will the applicable Recipient be required to pay any
amount to such Loan Party pursuant to this subsection the payment of which would place the Recipient in a less favorable net after-Tax position than such Recipient would have been in if the Tax subject to indemnification and giving rise to such
refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This subsection shall not be construed to require any Recipient to make available its
tax returns (or any other information relating to its taxes that it deems confidential) to any Loan Party or any other Person. 

(g) Survival. Each party’s obligations under this Section 3.01 shall survive the resignation or
replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other Secured Obligations. 

Section 3.02 Illegality. If any Lender determines that any applicable Law has made it unlawful, or that any Governmental Authority
has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to the Eurodollar Rate, or to determine or charge interest rates based upon the Eurodollar
Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to the Borrower through
the Administrative Agent, (i) any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans shall be suspended, and (ii) if such notice asserts the illegality of such Lender
making or maintaining Base Rate Loans the interest rate on which is determined by reference to the Eurodollar Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be
determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no
longer exist. Upon receipt of such notice, (x) the Borrower shall, upon demand from such Lender (with a copy to the 

  
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Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary
to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such
Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate Loans and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon
the Eurodollar Rate, the Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such Lender without reference to the Eurodollar Rate component thereof until the Administrative Agent is advised in writing
by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon the Eurodollar Rate. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or
converted. 
 Section 3.03 Inability to Determine Rates. (a) If in connection with any request for a Eurodollar Rate Loan
or a conversion to or continuation thereof, (A) the Administrative Agent determines that (i) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such
Eurodollar Rate Loan, or (ii) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or in connection with an existing or proposed Base
Rate Loan (in each case with respect to clause (A), “Impacted Loans”, or (B) the Administrative Agent or the Required Lenders determine that for any reason the Eurodollar Rate for any requested Interest Period with
respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, (x) the obligation of
the Lenders to make or maintain Eurodollar Rate Loans shall be suspended (to the extent of the affected Eurodollar Rate Loan or Interest Periods), and (y) in the event of a determination described in the preceding sentence with respect to the
Eurodollar Rate component of the Base Rate, the utilization of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case until the Administrative Agent (upon the instruction of the Required Lenders) revokes such
notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans (to the extent of the affected Eurodollar Rate Loan or Interest Periods) or, failing that,
will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein. 

(b) Notwithstanding the foregoing, if the Administrative Agent has made the determination described in clause (a)(i) of this
Section, the Administrative Agent in consultation with the Borrower and the Required Lenders, may establish an alternative interest rate for the Impacted Loans, in which case, such alternative rate of interest shall apply with respect to the
Impacted Loans until (1) the Administrative Agent revokes the notice delivered with respect to the Impacted Loans under clause (a)(i) of this Section, (2) the Administrative Agent or the Required Lenders notify the Administrative Agent and
the Borrower that such alternative interest rate does not adequately and fairly reflect the cost to such Lenders of funding the Impacted Loans, or (3) any Lender determines that any Law has made it unlawful, or that any Governmental Authority
has asserted that it is unlawful, for such Lender or its applicable Lending Office to make, maintain or fund 

  
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Loans whose interest is determined by reference to such alternative rate of interest or to determine or charge interest rates based upon such rate or any Governmental Authority has imposed
material restrictions on the authority of such Lender to do any of the foregoing and provides the Administrative Agent and the Borrower written notice thereof. 

Section 3.04 Increased Costs; Reserves on Eurodollar Rate Loans. (a) Increased Costs Generally. If any Change in Law
shall: 
 (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement against assets of deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Eurodollar Rate); 

(ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses
(b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital
attributable thereto; or 
 (iii) impose on any Lender or the London interbank market any other condition, cost or expense
affecting this Agreement or Eurodollar Rate Loans made by such Lender or any Letter of Credit or participation therein; 
 and the result of any of the
foregoing shall be to increase the cost to such Lender of making, converting to, continuing or maintaining any Loan the interest on which is determined by reference to the Eurodollar Rate (or of maintaining its obligation to make any such Loan), or
to increase the cost to such Lender of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by
such Lender hereunder (whether of principal, interest or any other amount) then, upon request of such Lender, the Borrower will pay to such Lender, as the case may be, such additional amount or amounts as will compensate such Lender, as the case may
be, for such additional costs incurred or reduction suffered. 
 (b) Capital Requirements. If any Lender determines
that any Change in Law affecting such Lender or any Lending Office of such Lender or such Lender’s holding company, if any, regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such
Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by such Lender, to a level below that which such Lender or such Lender’s
holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy), then from time to time the Borrower will
pay to such Lender, as the case may be, such additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 

  
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 (c) Certificates for Reimbursement. A certificate of a Lender setting
forth the amount or amounts necessary to compensate such Lender or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the Borrower shall be conclusive absent
manifest error. The Borrower shall pay such Lender, as the case may be, the amount shown as due on any such certificate within five (5) Business Days after receipt thereof. 

(d) Delay in Requests. Failure or delay on the part of any Lender to demand compensation pursuant to the foregoing
provisions of this Section shall not constitute a waiver of such Lender’s right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender pursuant to the foregoing provisions of this Section for
any increased costs incurred or reductions suffered more than nine months prior to the date that such Lender, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s
intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect
thereof). 
 Section 3.05 Compensation for Losses. Upon written demand of any Lender (with a copy to the Administrative Agent)
from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 

(a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last
day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 

(b) any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue
or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; or 
 (c) any
assignment of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Borrower pursuant to Section 10.13; 

including any loss of anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan
or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. 

For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded
each Eurodollar Rate Loan made by it at the Eurodollar Rate used in determining the Eurodollar Rate for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period,
whether or not such Eurodollar Rate Loan was in fact so funded. 

  
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 Section 3.06 Mitigation Obligations; Replacement of Lenders. 

(a) Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, or
requires the Borrower to pay any Indemnified Taxes or additional amounts to any Lender, or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender gives a notice pursuant to
Section 3.02, then at the request of the Borrower, such Lender shall, as applicable, use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations
hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or Section 3.04, as
the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such Lender, as the case may be, to any unreimbursed cost or expense and would
not otherwise be disadvantageous to such Lender, as the case may be. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

(b) Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrower is
required to pay Indemnified Taxes or any additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01 and, in each case, such Lender has declined or is unable to designate a
different lending office in accordance with Section 3.06(a) (or, with respect to a designation or assignment made pursuant to Section 3.06(a)(i), if such designation or assignment is insufficient to eliminate amounts payable
pursuant to Section 3.01 or Section 3.04, as the case may be), the Borrower may replace such Lender in accordance with Section 10.13. 

Section 3.07 Survival. All of the Borrower’s obligations under this Article III shall survive termination of the
Aggregate Commitments, repayment of all other Obligations hereunder, and resignation of the Administrative Agent. 
 ARTICLE IV 

CONDITIONS PRECEDENT TO LOANS 

Section 4.01 Conditions of Lending. The obligation of each Lender to fund its Term Loans hereunder is subject to satisfaction (or
waiver made in compliance with Section 10.01) of the following conditions precedent on the Closing Date: 
 (a)
The Administrative Agent’s receipt of the following, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the
Closing Date) and each in form and substance reasonably satisfactory to the Administrative Agent and the Arrangers: 
 (i)
executed counterparts of this Agreement and the Guaranty, by each Loan Party party thereto; 

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

 (iii) the Security Agreement, duly executed by each Loan Party, together with all financing statements in appropriate form
for filing necessary in order to perfect the Liens created under the Security Agreement that name any Loan Party as debtor; 

(iv) a pledge agreement, in form reasonably satisfactory to the Administrative Agent and its counsel (the “Pledge
Agreement”), duly executed by Parent, Borrower and any Loan Parties owning Equity Interests in any Restricted Subsidiaries, together with certificates, if any, representing the Equity Interests pledged thereby that constitute
certificated securities (within the meaning of Section 8-102(a)(4) of the UCC) accompanied by undated stock powers executed in blank; 

(v) such resolutions or organizational other action, incumbency certificates and/or other certificates of Responsible Officers
of each Loan Party as the Administrative Agent may reasonably request evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan
Documents to which such Loan Party is a party or is to be a party; 
 (vi) such documents and certifications as the
Administrative Agent may reasonably request to evidence that each Loan Party is duly organized or formed, and that each Loan Party is validly existing and in good standing in its jurisdiction of organization; 

(vii) a favorable opinion of McAfee & Taft, Oklahoma counsel to the Loan Parties, addressed to the Administrative
Agent and each Lender, in form and substance reasonably satisfactory to the Administrative Agent; 
 (viii) a favorable
opinion of Baker Botts L.L.P., counsel to the Loan Parties, addressed to the Administrative Agent and each Lender, in form and substance reasonably satisfactory to Administrative Agent; 

(ix) audited financial statements of the Parent and its Consolidated Subsidiaries for the fiscal year ending December 31,
2011, 2012 and 2013; 
 (x) forecasts prepared by management of the Parent, of consolidated balance sheets and statements of
income or operations and cash flows of the Parent and its Subsidiaries for the fiscal years ending December 31, 2014 through 2016; 

(xi) a certificate signed by a Responsible Officer of the Borrower certifying (A) that the conditions specified in
Section 4.01(e), (f) and (g) have been satisfied; (B) that there has been no event or circumstance since December 31, 2013 that has had or could be reasonably expected to have, either

  
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individually or in the aggregate, a Material Adverse Effect; (C) as to the accuracy of the representation contained in Section 5.18; and (D) that borrowers under the ABL
Credit Agreement have availability thereunder of $100,000,000 or more; 
 (xii) results of Lien searches in respect of the
Loan Parties reasonably requested by the Administrative Agent showing no liens other than Permitted Liens and other Liens approved by the Administrative Agent; and 

(xiii) evidence (in the form of “when issued” trading) that the Equity Interests in Parent are publicly traded on a
nationally recognized stock exchange. 
 (b) The Administrative Agent’s receive of evidence, in form and substance
reasonably satisfactory to the Administrative Agent, that substantially simultaneously with the funding of the Term Loans hereunder, the Existing Credit Agreement (excluding, for the avoidance of doubt, the Existing Letters of Credit) is being
terminated and paid in full and the Liens existing in favor of administrative agent thereunder in and to the assets of the Loan Parties are being released, including UCC-3 termination statements in appropriate form for filing. 

(c) (i) All fees required to be paid to the Administrative Agent and the Arrangers on or before the Closing Date shall have
been paid and (ii) all fees required to be paid to the Lenders on or before the Closing Date shall have been paid. 

(d) Unless waived by the Administrative Agent, the Borrower shall have paid all reasonable and documented fees, charges and
disbursements of counsel to the Administrative Agent and the Arrangers (directly to such counsel if requested by the Administrative Agent) to the extent invoiced two Business Days prior to the Closing Date, plus such additional amounts of
such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings, to the extent included in such invoice (provided that
such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent). 

(e) (i) Each Loan Party shall have received all governmental, partner and third party consents and approvals necessary for the
consummation of the transactions contemplated by this Agreement, which consents and approvals are in full force and effect, (ii) no order, decree, judgment, ruling or injunction exists which restrains the consummation of the transactions
contemplated by this Agreement, and (iii) there is no pending, or to the knowledge of the Borrower or any other Loan Party, threatened, action, suit, investigation or proceeding that could reasonably be expected to have a Material Adverse
Effect. 
 (f) The representations and warranties of the Borrower and each other Loan Party contained in Article V or
any other Loan Document shall be true and correct on and as of the Closing Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier
date. 

  
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 (g) No Default shall exist, or would result from the funding of the Term Loans or
from the application of the proceeds thereof on the Closing Date. 
 (h) The Administrative Agent shall have received a Loan
Notice in accordance with the requirements hereof. 
 Without limiting the generality of the provisions of the last paragraph of Section 9.03,
for purposes of determining compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or
other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection
thereto. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

The Parent and the Borrower represent and warrant to the Administrative Agent and the Lenders that: 

Section 5.01 Existence, Qualification and Power. Each Loan Party and each of its Subsidiaries (a) is duly organized or
formed, validly existing and, as applicable, in good standing under the laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents
and approvals to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, and (c) is duly qualified and is licensed and, as
applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in clause (b)(i) or (c), to
the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 Section 5.02 Authorization;
No Contravention. The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is or is to be a party have been duly authorized by all necessary corporate or other organizational action, and do not and
will not (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien (other than Liens permitted hereunder) under, or require any
payment to be made under (i) any Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental
Authority or any arbitral award to which such Person or its property is subject; or (c) violate any Law. 
 Section 5.03
Governmental Authorization, Other Consents. No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with
(a) the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, (b) the grant by any Loan Party of the Liens granted by it pursuant to the

  
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Collateral Documents, (c) the perfection or maintenance of the Liens created under the Collateral Documents (including the first priority nature thereof) or (d) the exercise by the
Administrative Agent or any Lender of its rights under the Loan Documents or the remedies in respect of the Collateral pursuant to the Collateral Documents. 

Section 5.04 Binding Effect. This Agreement has been, and each other Loan Document, when delivered hereunder, will have been, duly
executed and delivered by each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan
Party that is party thereto in accordance with its terms. 
 Section 5.05 Financial Statements’ No Material Adverse Effect.
(a) The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the
Parent and its Subsidiaries on a consolidated basis as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise
expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Predecessors as of the date thereof, including liabilities for taxes, material commitments and Indebtedness. 

(b) The Interim Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period
covered thereby, except as otherwise expressly noted therein, and (ii) fairly present the consolidated financial condition of the Predecessors as of the date thereof and their combined results of operations for the period covered thereby,
subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments. Schedule 5.05 sets forth all material indebtedness and other liabilities, direct or contingent, of the Borrower and its
consolidated Subsidiaries as of the date of such financial statements, including liabilities for taxes, material commitments and Indebtedness. 

(c) Since December 31, 2013 there has been no event or circumstance, either individually or in the aggregate, that has had
or could reasonably be expected to have a Material Adverse Effect (other than as may be reflected in the Interim Financial Statements). 

(d) The consolidated forecasted balance sheet, statements of income and cash flows of the Parent and its Subsidiaries delivered
pursuant to Section 4.01 or Section 6.01(c) were prepared in good faith on the basis of the assumptions stated therein, which assumptions were fair in light of the conditions existing at the time of delivery of such
forecasts, and represented, at the time of delivery, the Parent’s best estimate of its future financial condition and performance. 

Section 5.06 Litigation. There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Parent
or any of its Subsidiaries, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against the Parent or any of its Subsidiaries or against any of their properties or revenues that (a) purport
to affect or 

  
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pertain to this Agreement or any other Loan Document or (b) either individually or in the aggregate, if determined adversely, could reasonably be expected to have a Material Adverse Effect.

 Section 5.07 No Default. Neither any Loan Party nor any Subsidiary thereof is in default under or with respect to, or a party
to, any Contractual Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the transactions
contemplated by this Agreement or any other Loan Document. 
 Section 5.08 Ownership of Property; Liens. 

(a) Each Loan Party and each of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold
interests in, all real property necessary or used in the ordinary conduct of its business, except for Permitted Liens and such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 (b) Schedule 5.08(b) sets forth a complete and accurate list of all Liens on the property or assets of each Loan
Party and each of its Subsidiaries, other than Permitted Liens, showing as of the date hereof the lienholder thereof, the principal amount of the obligations secured thereby and the property or assets of such Loan Party or such Subsidiary subject
thereto. The property of each Loan Party and each of its Subsidiaries is subject to no Liens, other than Liens set forth on Schedule 5.08(b) and as otherwise permitted under Section 7.06. 

(c) Schedule 5.08(c) sets forth a complete and accurate list of all real property owned by each Loan Party and each of
its Subsidiaries, showing as of the date hereof the street address, county or other relevant jurisdiction, state, record owner and book value thereof. Each Loan Party and each of its Subsidiaries has good, marketable and insurable fee simple title
to the real property owned by such Loan Party or such Subsidiary, free and clear of all Liens, other than Liens created or permitted by the Loan Documents. 

(d) (i) Schedule 5.08(d)(i) sets forth a complete and accurate list of all leases of real property under which any Loan
Party or any Subsidiary of a Loan Party is the lessee, showing as of the date hereof the street address, county or other relevant jurisdiction, state, lessor, lessee, expiration date and annual rental cost thereof. Each such lease is the legal,
valid and binding obligation of the lessor thereof, enforceable in accordance with its terms. 
 (ii) Schedule
5.08(d)(ii) sets forth a complete and accurate list of all leases of real property under which any Loan Party or any Subsidiary of a Loan Party is the lessor, showing as of the date hereof the street address, county or other relevant
jurisdiction, state, lessor, lessee, expiration date and annual rental cost thereof. Each such lease is the legal, valid and binding obligation of the lessee thereof, enforceable in accordance with its terms. 

  
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 (e) Schedule 5.08(e) sets forth a complete and accurate list of all
Investments held by any Loan Party or any Subsidiary of a Loan Party on the date hereof, showing as of the date hereof the amount, obligor or issuer and maturity, if any, thereof. 

Section 5.09 Environmental Compliance. 

(a) The facilities and properties owned, leased or operated by the Parent or any of its Subsidiaries (the
“Properties”) do not contain, and, to the knowledge of the Parent or any of its Subsidiaries, have not previously contained, any Hazardous Materials in amounts or concentrations or under circumstances that collectively may or
have given rise to any material Environmental Liability. 
 (b) Neither the Borrower nor any of its Subsidiaries has received
or is aware of any written, or to the knowledge of the Borrower or any of its Subsidiaries, oral notice of violation, alleged violation, non-compliance, liability or potential liability arising under or related to any Environmental Law or
Environmental Permit with regard to any of the Properties or the business operated by the Borrower or any of its Subsidiaries (the “Business”), including any such liability related to any properties where the Borrower or any
of its Subsidiaries provides or has provided any services, that could reasonably be expected to have a Material Adverse Effect, nor does the Borrower or any of its Subsidiaries have knowledge or reason to believe that any such notice will be
received or is being threatened. 
 (c) None of the Parent or any of its Subsidiaries or the Business disposed of, sent or
arranged for the transportation of any Hazardous Materials at or to a site that pursuant to CERCLA, EPA has proposed to list or has listed on the NPL or, to the knowledge of the Parent or any of its Subsidiaries, on CERCLIS or any comparable state
Superfund program, and none of the of the Parent or any of its Subsidiaries or the Business has transported from or disposed of, or generated, treated, stored, Hazardous Material on or from the Properties, or transported from or disposed of, or
generated, treated, stored, Hazardous Materials on or from any properties where any of the Parent or any of its Subsidiaries or the Business provides or has provided any services, that individually or in the aggregate has or could reasonably be
expected to have resulted in a material violation of Environmental Laws or Environmental Permits. 
 (d) Except as set forth
on Schedule 5.09(d), no material judicial proceeding or governmental or administrative proceeding is pending or, to the knowledge of the Parent or any of its Subsidiaries, threatened, under any Environmental Law to which the Parent or any of
its Subsidiaries is or could reasonably be expected to be named as a party with respect to the Business or that pertains in any way to the Properties or the properties where the Parent or any of its Subsidiaries or the Business provides or has
provided any services, nor are there any material administrative or judicial consent decrees or other decrees, consent orders, or other orders outstanding under any Environmental Law or Environmental Permit with respect to the Parent or any of its
Subsidiaries or the Business or, to the knowledge of the Parent or any of its Subsidiaries, that pertain in any way to the Properties or the properties where the Parent or any of its Subsidiaries or the Business provides or has provided any
services. 

  
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 (e) There has been no release or threat of release of Hazardous Materials at or
from the Properties, or at or from the properties where the Parent or any of its Subsidiaries or the Business provides or has provided any services, either arising from or related to the operations of the Parent or any of its Subsidiaries or the
Business or, to the knowledge of the Parent or any of its Subsidiaries, arising from the actions of any other Person, in each case for which Environmental Law or any Environmental Permit requires further notice or response action by the Parent or
any of its Subsidiaries or the Business that could reasonably be expected to give rise to material Environmental Liability. 

(f) Except as set forth on Schedule 5.09(f), the Borrower and all of its Subsidiaries are in material compliance with
and are not in material violation of, and to the knowledge of the Borrower or any of its Subsidiaries, have in the last five years been in material compliance with and not in material violation of all Environmental Laws and Environmental Permits,
including without limitation, with respect to the Properties and all operations at the Properties, the properties where the Borrower or any of its Subsidiaries provides or has provided any services and all operations at these properties and more
generally the Business. 
 (g) None of the Borrower or any of its Subsidiaries has assumed any liability of any other Person
under Environmental Laws, other than as a result of a merger or consolidation of such Person into the Borrower or any of its Subsidiaries or in connection with an asset acquisition, and then only with respect to the acquired assets, in each case
where the transaction either did not result in the assumption of any known material Environmental Liability or could not reasonably be expected to give rise to a Material Adverse Effect. 

Section 5.10 Insurance. The properties of the Borrower and its Subsidiaries are insured with financially sound and reputable
insurance companies, in such amounts (after giving effect to any self-insurance in respect of workmen’s compensation or similar statutory obligations compatible with the following standards), with such deductibles and covering such risks as are
customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Borrower or the applicable Subsidiary operates. 

Section 5.11 Taxes. The Borrower and its Subsidiaries have filed all Federal, state and other material tax returns and reports
required to be filed, and have paid all Federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except those which are
being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP. There is no proposed tax assessment against the Borrower or any Subsidiary that would, if made,
have a Material Adverse Effect. Neither any Loan Party nor any Subsidiary thereof is party to any tax sharing agreement other than the Tax Sharing Agreement as described in the Spin Off Registration Statement. 

Section 5.12 ERISA Compliance. (a) The Borrower, its Subsidiaries and each ERISA Affiliate have maintained each Plan (other
than a Multiemployer Plan) in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or state laws. 

  
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 (b) There are no pending or, to the best knowledge of the Borrower, threatened claims, actions or
lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect
to any Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect. 
 (c) Except as could not, either
individually or in the aggregate, reasonably be expected to cause a Material Adverse Effect: (i) no ERISA Event has occurred, and neither the Borrower nor any ERISA Affiliate is aware of any fact, event or circumstance that could reasonably be
expected to constitute or result in an ERISA Event with respect to any Pension Plan; (ii) the Borrower and each ERISA Affiliate has met all applicable requirements under the Pension Funding Rules in respect of each Pension Plan, and no waiver
of the minimum funding standards under the Pension Funding Rules has been applied for or obtained; (iii) as of the most recent valuation date for any Pension Plan, the funding target attainment percentage (as defined in Section 430(d)(2)
of the Code) is 60% or higher and neither the Borrower nor any ERISA Affiliate knows of any facts or circumstances that could reasonably be expected to cause the funding target attainment percentage for any such plan to drop below 60% as of the most
recent valuation date; (iv) neither the Borrower nor any ERISA Affiliate has incurred any liability to the PBGC other than for the payment of premiums, and there are no premium payments which have become due that are unpaid; (v) neither
the Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or Section 4212(c) of ERISA; and (vi) no Pension Plan has been terminated by the plan administrator thereof nor by the PBGC, and
no event or circumstance has occurred or exists that could reasonably be expected to cause the PBGC to institute proceedings under Title IV of ERISA to terminate any Pension Plan. 

Section 5.13 Subsidiaries: Equity Interests; Loan Parties. As of the Closing Date, no Loan Party has any Subsidiaries other than
those specifically disclosed in Part (a) of Schedule 5.13, and all of the outstanding Equity Interests in such Subsidiaries have been validly issued, are fully paid and non-assessable and are owned by a Loan Party in the amounts
specified on Part (a) of Schedule 5.13 free and clear of all Liens except those created under the Collateral Documents. As of the Closing Date, no Loan Party has any equity investments in any other corporation or entity other than those
specifically disclosed in Part (b) of Schedule 5.13. As of the Closing Date, set forth on Part (d) of Schedule 5.13 is a complete and accurate list of all Loan Parties, showing as of the Closing Date (as to each Loan Party)
the jurisdiction of its incorporation, the address of its principal place of business and its U.S. taxpayer identification number or, in the case of any non-U.S. Loan Party that does not have a U.S. taxpayer identification number, its unique
identification number issued to it by the jurisdiction of its incorporation. The copy of the charter of each Loan Party and each amendment thereto provided pursuant to Section 4.01(a)(vi) is a true and correct copy of each such document,
each of which is valid and in full force and effect. 
 Section 5.14 Margin Regulations; Investment Company Act. (a) The
Borrower is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of
purchasing or carrying margin stock. Following the application of the proceeds of each Borrowing, not more than 25% of the value of the assets (either of the Borrower only or of the Parent and its Subsidiaries on a consolidated basis) subject

  
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to the provisions of Section 7.04 and Section 7.07 or subject to any restriction contained in any agreement or instrument between the Borrower and any Lender or any
Affiliate of any Lender relating to Indebtedness and within the scope of Section 8.01(e) will be margin stock. 
 (b) None of
the Borrower, any Person Controlling the Borrower, or any Subsidiary is, or is required to be, registered as an “investment company” under the Investment Company Act of 1940. 

Section 5.15 Disclosure. The Parent has disclosed to the Administrative Agent and the Lenders all agreements, instruments and
corporate or other restrictions to which it or any of its Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. No report, financial
statement, certificate or other information furnished by or on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or
under any other Loan Document (in each case as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided that, with respect to projected information, the Parent represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time.

 Section 5.16 Compliance with Laws. Each Loan Party and each Subsidiary thereof is in compliance in all material respects with
the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good
faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

Section 5.17 Intellectual Property; Licenses, Etc. Each Loan Party and each of its Subsidiaries own, or possess the right to use,
all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights that are material and are reasonably necessary for the operation of their respective businesses,
without conflict with the rights of any other Person. To the best knowledge of the Parent, no slogan or other advertising device, product, process, method, substance, part or other material now employed, or now contemplated to be employed, by any
Loan Party or any of its Subsidiaries infringes upon any rights held by any other Person. 
 Section 5.18 Solvency. (a) The
aggregate assets (after giving effect to amounts that could reasonably be received by reason of indemnity, offset, insurance or any similar arrangement), at a fair valuation, of the Borrower and its Subsidiaries, taken as a whole, will exceed the
aggregate Indebtedness of the Parent and its Subsidiaries on a consolidated basis, as the Indebtedness becomes absolute and matures, (b) the Parent and the other Loan Parties, on a consolidated basis, will not have incurred or intended to
incur, and do not believe that they will incur, Indebtedness beyond their ability to pay such Indebtedness (after taking into account the timing and amounts of cash to be received by the Parent and the other Loan Parties and the amounts to be
payable on or in respect of its liabilities, and giving effect to amounts that could 

  
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reasonably be received by reason of indemnity, offset, insurance or any similar arrangement) as such Indebtedness becomes absolute and matures and (c) the Parent and the other Loan Parties,
on a consolidated basis, will not have (and will have no reason to believe that they will have thereafter) unreasonably small capital for the conduct of its business. 

Section 5.19 Casualty, Etc. Neither the businesses nor the properties of any Loan Party or any of its Subsidiaries are affected by
any fire, explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that, either individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect. 
 Section 5.20 Labor Matters. There are no
collective bargaining agreements or Multiemployer Plans covering the employees of the Parent or any of its Subsidiaries as of the Closing Date and neither the Parent nor any Subsidiary has suffered any strikes, walkouts, work stoppages or other
material labor difficulty within the last five years. 
 Section 5.21 Collateral Documents. Except as expressly contemplated by
the Collateral Documents, the provisions of the Collateral Documents are effective to create in favor of the Administrative Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Liens)
on all right, title and interest of the respective Loan Parties in the Collateral described therein. 
 ARTICLE VI 

AFFIRMATIVE COVENANTS 

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, other
than contingent or inchoate Obligations, the Parent or the Borrower, as applicable, shall, and shall cause each Loan Party, as applicable, to: 

Section 6.01 Financial Statements. Deliver to the Administrative Agent and, upon request of the Administrative Agent, to each
Lender: 
 (a) as soon as available, but in any event within 10 Business Days after the applicable date by which Parent would have been
required to file the same with the SEC (as if it were a non-accelerated filer under the Exchange Act and taking into account any extension of time, deemed filing date or safe harbor that would be available to such a filer), (i) a consolidated
balance sheet of the Parent and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or operations, changes in shareholders’ equity, and cash flows for such fiscal year, setting forth in each
case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, such consolidated statements to be audited and accompanied by a report and opinion of an independent certified public
accountant of nationally recognized standing reasonably acceptable to the Administrative Agent, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going
concern” or like qualification or exception or any qualification or exception as to the scope of such audit; and (ii) to the extent that there are any Unrestricted Subsidiaries at such fiscal year end, additional

  
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information regarding such Unrestricted Subsidiaries as Administrative Agent may request, such consolidated statements to be certified by chief executive officer, chief financial officer,
treasurer or controller of the Parent as being fairly stated in all material respects; 
 (b) as soon as available, but in any event within
10 Business Days after the applicable date by which Parent would have been required to file the same with the SEC (as if it were a non-accelerated filer under the Exchange Act taking into account any extension of time, deemed filing date or safe
harbor that would be available to such a filer, a consolidated balance sheet of the Parent and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income or operations, changes in shareholders’
equity, and cash flows for such fiscal quarter and for the portion of the Parent’s fiscal year then ended, and, to the extent there are any Unrestricted Subsidiaries as of the end of such fiscal quarter, additional information regarding such
Unrestricted Subsidiaries as Administrative Agent may request, such consolidated statements to be certified by the chief executive officer, chief financial officer, treasurer or controller of the Parent as fairly presenting the financial condition,
results of operations, shareholders’ equity and cash flows of the Parent and its Subsidiaries (or of the Loan Parties, if applicable) in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; and

 (c) at the time of the delivery of information under Section 6.01(a) or (b), a narrative report and management’s
discussion and analysis of the financial condition and results of operations of the Borrower for such period, as compared to amounts for the previous period, to the extent applicable, in a form reasonably satisfactory to the Administrative Agent.

 Section 6.02 Certificates, Other Information. Deliver to the Administrative Agent, and upon request by the Administrative
Agent, to each Lender, in form and detail satisfactory to the Administrative Agent: 
 (a) concurrently with the delivery of the financial
statements referred to in Section 6.01(a) and (b) (commencing with the delivery of the financial statements for the fiscal quarter ended June 30, 2014), a duly completed Compliance Certificate signed by the chief
executive officer, chief financial officer, treasurer or controller of the Borrower; 
 (b) promptly after any request by the Administrative
Agent or any Lender, copies of any detailed audit reports, management letters or recommendations submitted to the board of directors (or the audit committee of the board of directors) of any Loan Party by independent accountants in connection with
the accounts or books of any Loan Party or any of its Subsidiaries, or any audit of any of them; 
 (c) promptly after the same are made
available to the stockholders of the Parent, copies of each annual report, proxy or financial statement or other official or formal report or official or formal communication sent to the stockholders of the Parent, and copies of all annual, regular,
periodic and special reports and registration statements which the Borrower or Parent may file or be required to file with the SEC under Section 13 or 15(d) of the Exchange Act, or with any national securities exchange, and in any case not
otherwise required to be delivered to the Administrative Agent pursuant hereto; 

  
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 (d) promptly after the furnishing thereof, copies of any statement or report furnished to any
holder of debt securities of any Loan Party or of any of its Subsidiaries pursuant to the terms of any indenture, loan or credit or similar agreement and not otherwise required to be furnished to the Lenders pursuant to Section 6.01 or
any other clause of this Section 6.02; 
 (e) promptly, and in any event within five Business Days after receipt thereof by any
Loan Party or any Subsidiary thereof, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or possible investigation or other inquiry by such
agency regarding financial or other operational results of any Loan Party or any Subsidiary thereof; 
 (f) not later than five Business
Days after receipt thereof by any Loan Party or any Subsidiary thereof, copies of all notices, requests and other documents (including amendments, waivers and other modifications) so received under or pursuant to any instrument, indenture, loan or
credit or similar agreement or under or pursuant to any Transaction Document that relates to any breach or default (including any cross default) by any party to any Transaction Document in an amount which, in the aggregate, exceeds the Threshold
Amount, or any other event that could materially impair the value of the interests of the rights of any Loan Party under any Transaction Document or otherwise have a Material Adverse Effect and, from time to time upon request by the Administrative
Agent, such information and reports regarding such instruments, indentures and loan and credit and similar agreements as the Administrative Agent may reasonably request; 

(g) promptly after the assertion or occurrence thereof, notice of any action or proceeding against or of any noncompliance by any Loan Party
or any of its Subsidiaries with any Environmental Law or Environmental Permit that could (i) reasonably be expected to have a Material Adverse Effect or (ii) cause any property described in the Mortgages to be subject to any restrictions
on ownership, occupancy, use or transferability under any Environmental Law; and 
 (h) promptly, such additional information regarding the
business, financial, legal or corporate affairs of any Loan Party or any Subsidiary thereof, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably request. 

Documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(c) (to the extent
any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Parent posts such documents, or provides a link
thereto on the Parent’s website on the Internet at the website address listed on Schedule 10.02; or (ii) on which such documents are posted on the Borrower’s behalf on an Internet or intranet website, if any, to which each
Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) the Borrower shall deliver paper copies of such documents to the
Administrative Agent or any Lender that requests the Borrower to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the Borrower shall notify the
Administrative Agent and each Lender (by telecopier or electronic mail) of the posting of any 

  
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such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. Notwithstanding anything contained herein, in every instance
the Borrower shall be required to provide paper copies of the Compliance Certificates required by Section 6.02(a) to the Administrative Agent. Except for such Compliance Certificates, the Administrative Agent shall have no obligation to
request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Borrower with any such request for delivery, and each Lender shall be solely responsible for
requesting delivery to it or maintaining its copies of such documents. 
 The Borrower hereby acknowledges that (a) the Administrative
Agent and/or the Arrangers will make available to the Lenders materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on
IntraLinks, Syndtrack or another similar electronic system (the “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material
non-public information with respect to the Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. The
Borrower hereby agrees that it will use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public Lenders and that (w) all such Borrower Materials shall be clearly and conspicuously
marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized
the Administrative Agent, the Arrangers, and the Lenders to treat such Borrower Materials as not containing any material non-public information (although it may be sensitive and proprietary) with respect to the Borrower or its securities for
purposes of United States Federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all Borrower
Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information”; and (z) the Administrative Agent and the Arrangers shall be entitled
to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information.” 

Section 6.03 Notices. Promptly notify the Administrative Agent and, upon request by the Administrative Agent, each Lender: 

(a) of the occurrence of any Default; 

(b) of any matter, including (i) breach or non-performance of or any default under, a Contractual Obligation of the Parent or any
Subsidiary; (ii) any dispute, litigation, investigation, proceeding or suspension between the Parent or any Subsidiary and any Governmental Authority; or (iii) the commencement of, or any material development in, any litigation or
proceeding affecting the Parent or any Subsidiary, including pursuant to any applicable Environmental Laws, which in any of the above instances, has resulted or would reasonably be expected to result in a Material Adverse Effect; 

(c) of the occurrence of any ERISA Event; and 

(d) of any material change in accounting policies or financial reporting practices by any Loan Party or any Subsidiary thereof. 

  
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 Each notice pursuant to Section 6.03 shall be accompanied by a statement of a
Responsible Officer of the Borrower setting forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto. Each notice pursuant to Section 6.03(a) shall
describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached. 

Section 6.04 Payment of Obligations. Pay and discharge as the same shall become due and payable, all its obligations and
liabilities, including (a) all tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate
reserves in accordance with GAAP are being maintained by the Parent or such Subsidiary; (b) all lawful claims which, if unpaid, would by law become a Lien upon its property; and (c) all Indebtedness, as and when due and payable, but
subject to any subordination provisions contained in any instrument or agreement evidencing such Indebtedness. 
 Section 6.05
Preservation of Existence, Etc. (a) Preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws of the jurisdiction of its organization except in a transaction permitted by
Section 7.04 or Section 7.07; (b) take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the extent that
failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) preserve or renew all of its registered patents, trademarks, trade names and service marks, the non-preservation of which could reasonably be expected
to have a Material Adverse Effect. 
 Section 6.06 Maintenance of Properties. (a) Maintain, preserve and protect all of its
material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and replacements thereof except where the
failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of its facilities. 

Section 6.07 Maintenance of Insurance. Maintain with financially sound and reputable insurance companies, insurance with respect
to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance in respect of
workmen’s compensation or similar statutory obligations compatible with the following standards) as are customarily carried under similar circumstances by such other Persons and shall use commercially reasonable efforts to provide that the
insurance provider with respect thereto shall provide for not less than 30 days’ prior notice to the Administrative Agent of termination, lapse or cancellation of such insurance. 

Section 6.08 Compliance with Laws. Comply in all material respects with the requirements of all Laws and all orders, writs,
injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, 

  
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writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith could not reasonably be expected to have a
Material Adverse Effect. 
 Section 6.09 Books and Records. (a) Maintain proper books of record and account, in which full,
true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Parent or such Loan Party, as the case may be; and (b) maintain such books of
record and account in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Parent or such Loan Party, as the case may be. 

Section 6.10 Inspection Rights. Permit representatives and independent contractors of the Administrative Agent and each Lender
(coordinated through the Administrative Agent) to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts
with its directors, officers, and independent public accountants, all at the expense of the Borrower and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Borrower;
provided, however, that when an Event of Default exists the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any
time during normal business hours and without advance notice. 
 Section 6.11 Use of Proceeds. Use the proceeds of the Loans for
(i) the payment of a dividend or distribution to Parent in an amount sufficient to allow the repayment of the Existing Credit Agreement, (ii) the payment of fees and expenses in connection with this Agreement and the Loan Documents, and
(iii) general corporate purposes not in contravention of any Law or of any Loan Document. 
 Section 6.12 Covenant to Guarantee
Obligations and Give Security. (a) With respect to any Domestic Subsidiary of the Parent that is (x) a new Domestic Subsidiary created or acquired after the Closing Date by any Loan Party that is neither an Immaterial Subsidiary nor an
Unrestricted Subsidiary, (y) a Loan Party that ceases to be an Immaterial Subsidiary or (z) a Domestic Subsidiary that ceases to be an Unrestricted Subsidiary, promptly (i) cause such Domestic Subsidiary (A) to become a party to
the Guaranty and (B) to deliver to the Administrative Agent documents with respect to such Subsidiary, of the type described in Section 4.01(a)(v) and (vi), and (ii) if requested by the Administrative Agent, deliver to
the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. If, within fourteen (14) days after the
Closing Date, Administrative Agent has not received evidence, in form and substance reasonably satisfactory to Administrative Agent, that Thunder Oilfield Services, L.L.C. has either been dissolved or has been merged with and into a Loan Party (with
such Loan Party as the surviving entity), the Borrower will cause Thunder Oilfield Services, L.L.C. to comply with the provisions of this Section 6.12 as if it were a newly formed Domestic Subsidiary. 

(b) Promptly deliver and cause each Subsidiary Guarantor to promptly deliver, to further secure the Secured Obligations, whenever requested by
Administrative Agent in its sole 

  
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and absolute discretion, deeds of trust, mortgages, chattel mortgages, security agreements, flood hazard certification, title searches, financing statements and other Collateral Documents in form
and substance satisfactory to Administrative Agent for the purpose of granting, confirming, and perfecting first and prior liens or security interests, subject only to Permitted Liens, on all real property with an individual net book value equal to
or greater than $7,500,000, equipment and fixtures now owned or hereafter acquired by such Person, and all Equity Interests in Subsidiaries together with such officers certificates and legal opinions as requested by Administrative Agent to evidence
the authorization validity and enforceability of such documents. In furtherance thereof, the Borrower shall (i) notify Administrative Agent as soon as possible but not later than ten (10) Business Days after any acquisition (whether by
purchase, lease or otherwise) of material assets of the types described above by the Borrower or any Subsidiary and (ii) at the time of the delivery of the financial statements pursuant to Section 6.01, deliver a report reflecting
any material assets of the types described above acquired during the preceding fiscal quarter. The Borrower shall deliver such Collateral Documents requested pursuant to this Section 6.12 otherwise promptly and in no event later than 60
days after a request by the Administrative Agent or such later time as may be consented to by the Administrative Agent, in its sole discretion. Notwithstanding anything to the contrary contained herein, none of the Loan Parties will be required to
take any action necessary or desirable to create or perfect a security interests in any assets if the Administrative Agent reasonably agrees that the costs of taking such action are excessive in relation to the value afforded to the Secured Parties
of creating or perfecting such security interest. 
 (c) From time to time, execute and deliver, or cause to be executed and delivered, such
additional mortgages, deeds of trust, chattel mortgages, security agreements, financing statements, reports, instruments, legal opinions, certificates or documents, all in form and substance satisfactory to the Administrative Agent, and take all
such actions as may be requested hereunder or as the Administrative Agent may reasonably request for the purposes of correcting any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or
recordation thereof, or implementing or effectuating the provisions of this Agreement and the other Loan Documents, or of more fully perfecting or renewing the rights of the Administrative Agent and the Lenders with respect to the Collateral (or
with respect to any additions thereto or replacements or proceeds thereof or with respect to any other property or assets hereafter acquired by the Borrower or any Loan Party) pursuant hereto or thereto. Upon the exercise by the Administrative Agent
or any Lender of any power, right, privilege or remedy pursuant to this Agreement or the other Loan Documents which requires any consent, approval, recording qualification or authorization of any Governmental Authority, the Borrower will promptly
execute and deliver, or will cause the execution and delivery of, all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lenders may be required to obtain from the Parent or any of its
Subsidiaries for such governmental consent, approval, recording, qualification or authorization. 
 (d) Notwithstanding anything to the
contrary contained herein, upon the formation or acquisition by a Loan Party of any direct Subsidiary after the Closing Date that is a CFC, then the Parent shall or shall cause such Loan Party, promptly after such formation or acquisition, to
execute and deliver to the Administrative Agent a pledge, in form and substance satisfactory to the Administrative Agent, encumbering not less than 65%, but never an amount equal to or more than, 66-2/3% of the Equity Interests representing the
voting power of all classes of Equity Interests of such CFC. 

  
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 Section 6.13 Environmental Laws. (a) Comply, and cause each of its Subsidiaries
to comply, in all material respects with, and ensure compliance in all material respects by all tenants and subtenants, if any, with, all applicable Environmental Laws, and obtain and comply in all material respects with and maintain, and ensure
that all tenants and subtenants obtain and comply in all material respects with and maintain, any and all licenses, approvals, notifications, registrations or permits required by applicable Environmental Laws as well as all contractual obligations
and agreements with respect to environmental remediation or other environmental matters. 
 (b) Conduct and complete, and cause each of its
Subsidiaries to conduct and complete, all investigations, studies, sampling and testing, and all remedial, removal and other actions required under Environmental Laws and promptly comply in all material respects with all lawful orders and directives
of all Governmental Authorities regarding Environmental Laws unless being contested in good faith by appropriate proceedings that are diligently conducted in accordance with Environmental Laws. 

(c) Promptly furnish to the Administrative Agent all written notices of violation, orders, claims, citations, complaints, penalty assessments,
suits or other proceedings received by the Parent or any of its Subsidiaries of which it has notice, pending or threatened against any the Parent or any of its Subsidiaries, by any Governmental Authority with respect to any alleged violation of or
non-compliance in any material respect with any Environmental Laws or any permits, licenses or authorizations in connection with its ownership or use of its properties or the operation of its Business. 

(d) Promptly furnish to the Administrative Agent all requests for information, notices of claim, demand letters, and other notifications,
received by the Parent or any of its Subsidiaries in connection with its ownership or use of its properties or the conduct of its Business, relating to potential responsibility which could if adversely determined result in material fines against or
liability of the Parent or any of its Subsidiaries with respect to any investigation or clean-up of Hazardous Material at any location. 

Section 6.14 Designation and Conversion of Unrestricted Subsidiaries. 

(a) Unless designated as an Unrestricted Subsidiary as of the date hereof on Schedule 6.14 or thereafter in compliance
with Section 6.13(b), any Person that is or becomes a Subsidiary of the Parent shall not be classified as an Unrestricted Subsidiary. 

(b) The Board of the Parent may designate any Restricted Subsidiary of the Parent to be an Unrestricted Subsidiary if that
designation would not cause a Default. If a Restricted Subsidiary of Parent is designated as an Unrestricted Subsidiary, the aggregate fair market value of all outstanding Investments owned by the Parent and its Restricted Subsidiaries in the
Subsidiary designated as an Unrestricted Subsidiary will be deemed to be an Investment made as of the time of the designation and will reduce the amount available for Restricted Payments under Section 7.01(a)(3) or represent Permitted

  
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Investments, as determined by the Parent. That designation will only be permitted if the Investment would be permitted at that time and if the Subsidiary so designated otherwise meets the
definition of an Unrestricted Subsidiary; provided, however, that Section 7.03 need not be complied with if the Subsidiary to be so designated has total assets of $1,000 or less. 

(c) The Board of the Parent may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary if (1) all
Indebtedness, Liens and Investments of such Subsidiary outstanding or in existence immediately following such designation would, if incurred or made at such time by a Restricted Subsidiary of the Parent, have been permitted to be incurred or made
for all purposes of this Agreement and (2) no Default or Event of Default would be in existence following such designation. 

Section 6.15 Anti-Corruption Laws. Conduct its business in compliance with the United States Foreign Corrupt Practices Act of 1977
and other applicable anti-corruption laws and maintain policies and procedures designed to promote and achieve compliance with such laws. 

Section 6.16 Post-Closing Requirements. Borrower shall deliver, or shall cause to be delivered, the documents and other
deliverables, and evidence of the occurrence of the events listed on Schedule 6.16, in the time periods provided for therein. 

ARTICLE VII 

NEGATIVE COVENANTS 

So long as any Lender shall have any Commitment hereunder or any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, other
than contingent or inchoate Obligations, the Parent, the Borrower and each Loan Party, as applicable, covenants and agrees that: 

Section 7.01 Limitation on Restricted Payments. 

(a) The Parent will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly: 

(i) declare or pay any dividend or make any other payment or distribution on account of the Parent’s or any of its
Restricted Subsidiaries’ Equity Interests (including, without limitation, any payment by the Parent or any Restricted Subsidiary in connection with any merger or consolidation involving the Parent or any of its Restricted Subsidiaries) or to
the direct or indirect holders of the Parent’s or any of its Restricted Subsidiaries’ Equity Interests in their capacity as such (other than dividends or distributions payable in Equity Interests (other than Disqualified Stock) of the
Parent or payable to the Parent or a Restricted Subsidiary of the Parent); 
 (ii) purchase, redeem or otherwise acquire or
retire for value (including, without limitation, in connection with any merger or consolidation involving the Parent) any Equity Interests of the Parent or any direct or indirect parent of the Parent (except in

  
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exchange for Equity Interests (other than Disqualified Stock) of the Parent and except for any such Equity Interests owned by the Parent or any Restricted Subsidiary of the Parent); 

(iii) make any payment on or with respect to, or purchase, redeem, defease or otherwise acquire or retire for value any
Subordinated Indebtedness of the Parent or any Restricted Subsidiary of the Parent, except (A) a payment of interest or principal within one year of the Stated Maturity thereof or (B) payments on Indebtedness owed to the Parent or a
Restricted Subsidiary of the Parent; or 
 (iv) make any Restricted Investment; 

(all such payments and other actions set forth in clauses (i) through (iv) above being collectively referred to as
“Restricted Payments”) unless, at the time of and after giving effect to such Restricted Payment:  

(1) no Default or Event of Default has occurred and is continuing or would occur as a consequence of such Restricted Payment;

 (2) the Parent could, at the time of such Restricted Payment and after giving pro forma effect thereto as if such
Restricted Payment had been made at the beginning of the applicable four-quarter period, incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 7.03(a); and 

(3) such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Parent or any of
its Restricted Subsidiaries since the Closing Date (excluding Restricted Payments permitted by clauses (i), (ii), (iv), (v), (vi), (vii), (viii), (ix), (x), (xi), (xii), (xiii), (xiv) and (xvi) of Section 7.01(b)) after the
date hereof is less than the sum (the “Restricted Payments Basket”), without duplication, of: 
 (A)
50% of the Consolidated Net Income of the Parent on a cumulative basis during the period (taken as one accounting period) beginning on April 1, 2014 and ending on the last day of the Parent’s last fiscal quarter ending prior to the date of
such proposed Restricted Payment for which internal financial statements are available (or, if such Consolidated Net Income for such period is a deficit, less 100% of such deficit), plus 

(B) 100% of the aggregate net cash proceeds received by the Parent (including the fair market value of any Permitted Business
or long-term assets that are used or useful in a Permitted Business to the extent acquired in consideration of Equity Interests of the Parent (other than Disqualified Stock)) since the date of this Agreement as a contribution to its common equity
capital or from the issue or sale of Equity Interests of the Parent (other than Disqualified Stock) or from the issue or sale of convertible or exchangeable Disqualified Stock or convertible or exchangeable debt securities of the Parent that have
been converted into or exchanged for Equity Interests (other than Disqualified Stock) of the Parent (other than Equity Interests (or Disqualified Stock or debt securities) sold to a Restricted Subsidiary of the Parent), plus 

  
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 (C) 100% of the aggregate amount by which Indebtedness (other than any
Subordinated Indebtedness or Indebtedness held by a Subsidiary of the Parent) of the Parent or any Restricted Subsidiary is reduced on the Parent’s consolidated balance sheet upon the conversion or exchange subsequent to the date of this
Agreement of any such Indebtedness convertible or exchangeable for Capital Stock (other than Disqualified Stock) of the Parent (plus the amount of any accrued interest then outstanding on such Indebtedness to the extent the obligation to pay such
interest is extinguished less the amount of any cash, or the fair market value of any property (as determined in good faith by an officer of the Parent), distributed by the Parent upon such conversion or exchange); provided, however, that the
foregoing amount shall not exceed the net cash proceeds received by the Parent or any Restricted Subsidiary from the sale of such Indebtedness (excluding net cash proceeds from sales to a Restricted Subsidiary of the Parent), plus 

(D) an amount equal to the sum of (i) the net reduction in Restricted Investments made by the Parent or any Restricted
Subsidiary in any Person resulting from repurchases, repayments or redemptions of such Investments by such Person and proceeds (including the fair market value of marketable securities or other property) realized on the sale or other disposition of
any Restricted Investments and proceeds representing the return of capital (excluding dividends and distributions to the extent included in Consolidated Net Income), in each case received by the Parent or any Restricted Subsidiary since the date of
this Agreement, and (ii) to the extent such Person is an Unrestricted Subsidiary, the portion (proportionate to the Parent’s equity interest in such Subsidiary) of the fair market value of the net assets of such Unrestricted Subsidiary at
the time such Unrestricted Subsidiary is designated a Restricted Subsidiary; provided, however, that to the extent the foregoing sum exceeds, in the case of any such Person or Unrestricted Subsidiary, the amount of Restricted Investments
previously made (and treated as a Restricted Payment) by the Parent or any Restricted Subsidiary in such Person or Unrestricted Subsidiary since the date of this Agreement, such excess shall not be included in this clause (d) unless the amount
represented by such excess has not been and will not be taken into account in one of the foregoing clauses (a) through (c). 

(b) Section 7.01(a) will not prohibit: 

(i) the payment of a dividend or distribution on the Closing Date to the Parent in the amount of the net proceeds of the Term
Loans made on the Closing Date to be used for the repayment of the Existing Credit Agreement; 
 (ii) the payment of any
dividend or distribution to the Parent to allow the Parent to provide for or make periodic interest payments on the 2022 Notes; 

(iii) the payment of any dividend or distribution or the consummation of any redemption within 60 days after the date of its
declaration or giving of redemption notice, as the case may be, if at the date of declaration or notice the payment would have complied with the provisions of this Agreement; 

  
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 (iv) the making of any Restricted Payment in exchange for, or out of the Net Cash
Proceeds of, the substantially concurrent contribution (other than from a Restricted Subsidiary of the Parent) to the equity capital of the Parent or sale (other than to a Restricted Subsidiary of the Parent) of the Parent’s Equity Interests
(other than Disqualified Stock), with such payment being deemed “substantially concurrent” if made not more than 120 days after such contribution to equity capital or sale of Equity Interests of the Parent; provided, however, that
the amount of any such Net Cash Proceeds that are utilized for any such Restricted Payment will be excluded from the calculation of the Restricted Payments Basket; 

(v) the defeasance, redemption, repurchase, retirement or other acquisition of Subordinated Indebtedness of the Parent or any
Subsidiary Guarantor, with the Net Cash Proceeds from an incurrence of, or in exchange for, Permitted Refinancing Indebtedness; 

(vi) the declaration or payment of any dividend or distribution by a Restricted Subsidiary of the Parent to the holders of its
Equity Interests on a pro rata basis or on a basis more favorable to the Parent or any Restricted Subsidiary of SSE than to the other holders of its Equity Interests; 

(vii) the repurchase, redemption or other acquisition or retirement for value of any Equity Interests of the Parent or any
Restricted Subsidiary of the Parent pursuant to any director or employee equity subscription agreement or equity option agreement or other management incentive plan, director or employee compensation agreement or employee benefit plan or to satisfy
obligations under any Equity Interests appreciation rights or option plan or similar arrangement; provided that the aggregate price paid for all such repurchased, redeemed, acquired or retired Equity Interests may not exceed $5.0 million in any
calendar year, with unused amounts in any calendar year being permitted to be carried over to succeeding calendar years subject to a maximum of $20,000,000 in any calendar year; provided, however, that such amount in any calendar year may be
increased by an amount not to exceed: 
 (A) the Net Cash Proceeds received by the Parent or any of its Restricted
Subsidiaries from the issuance and sale of Equity Interests (other than Disqualified Stock) of the Parent or any direct or indirect parent of the Parent (to the extent contributed to the Parent) to officers, directors or employees of the Parent and
its Restricted Subsidiaries or any direct or indirect parent of the Parent that occurs after the date of this Agreement (provided that the amount of any such Net Cash Proceeds utilized for any such Restricted Payment will be excluded from the
calculation of the Restricted Payments Basket); plus 
 (B) the Net Cash Proceeds of any “key man” life
insurance policies received by the Parent or any direct or indirect parent of the Parent (to the extent contributed to the Parent) or the Restricted Subsidiaries after the date of this Agreement that have not been applied to the payment of
Restricted Payments pursuant to this clause (vii); 

  
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 provided that the Parent may elect to apply all or any portion of the aggregate increase contemplated by
clauses (A) and (B) above in any calendar year; and provided, further, that cancellation of Indebtedness owing to the Parent or any Restricted Subsidiary from any present or former officer, director or employee of the Parent, any
Restricted Subsidiary or the direct or indirect parents of the Parent in connection with a repurchase of Equity Interests of the Parent or any of its direct or indirect parents will not be deemed to constitute a Restricted Payment for purposes of
this covenant or any other provision hereof; 
 (viii) the purchase, repurchase, redemption or other acquisition or
retirement for value of Equity Interests deemed to occur upon the exercise of options, warrants, incentives, rights to acquire Equity Interests or other convertible securities if such Equity Interests represent a portion of the exercise or exchange
price thereof, and any purchase, repurchase, redemption or other acquisition or retirement for value of Equity Interests made in lieu of withholding taxes in connection with any exercise or exchange of options, warrants, incentives or rights to
acquire Equity Interests; 
 (ix) any purchase, repurchase, redemption, defeasance or other acquisition or retirement for
value of any Subordinated Indebtedness pursuant to the provisions of such Subordinated Indebtedness upon a Change of Control, at a purchase price not greater than 101% of the principal amount of such Subordinated Indebtedness, or an Asset Sale, at a
purchase price not greater than 100% of the principal amount of such Subordinated Indebtedness, after, in the case of an Asset Sale, the Parent shall have complied with the requirements of Section 7.04(b)(i); 

(x) the purchase by the Parent of fractional shares arising out of stock dividends, splits, combinations or business
combinations or conversion of securities exercisable or convertible into Equity Interests of the Parent; 
 (xi) the
acquisition in open-market purchases of the Parent’s Equity Interests for matching contributions to the Parent’s employee retirement, stock purchase and deferred compensation plans in the ordinary course of business; 

(xii) the declaration and payment of dividends on Disqualified Stock of the Parent or any Preferred Stock of any Restricted
Subsidiary of the Parent issued in accordance with this Agreement to the extent such dividends are included in the calculation of Fixed Charges; 

(xiii) dividends, payments and other distributions pursuant to a tax sharing agreement or other similar arrangement to any
equity owner of the Parent or to any Person with whom the Parent and its Restricted Subsidiaries file a consolidated, combined or similar tax return or with which the Parent and its Restricted Subsidiaries are part of a consolidated, combined or
similar group for tax purposes, provided that such dividends, payments and distributions do not exceed the amount of taxes the Parent and its Restricted Subsidiaries collectively would have to pay on a stand-alone basis as a separate corporate
taxable entity; 

  
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 (xiv) payments to dissenting stockholders pursuant to applicable law in
connection with a consolidation, merger or transfer of assets that complies with Section 7.07; 
 (xv) Restricted
Payments attributable or arising in connection with the Spin Off Transactions and related transactions thereto pursuant to agreements or arrangements in effect on the Closing Date (including the Spin Off Documents) on substantially the terms
described in the Spin Off Registration Statement or any amendment, modification or supplement thereto or replacement thereof, as long as the terms of such agreement or arrangement, as so amended, modified, supplemented or replaced, are not
materially more disadvantageous to Parent and its Restricted Subsidiaries, taken as a whole, than the terms of such agreement or arrangement described in the Spin Off Registration Statement; 

(xvi) other Restricted Payments in an aggregate amount since the date of this Agreement not to exceed the greater of
(A) $150 million and (B) 7.5% of Consolidated Tangible Assets determined at the time of making any such Restricted Payment; and 

(xvii) Restricted Payments in an aggregate amount not to exceed $150.0 million; provided, however, that no Restricted
Payment may be made pursuant to this clause (xvii) until the 2019 Notes have been fully repaid or refinanced. 
 provided that with respect to
clauses (ix), (xi), (xii), (xvi) and (xvii) of this Section 7.01(b), no Default or Event of Default shall have occurred and be continuing or be caused by such transaction. 

(c) The amount of all Restricted Payments (other than cash) will be the fair market value on the date of the Restricted Payment
of the asset(s) or securities proposed to be transferred or issued by the Parent or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment. For purposes of determining compliance with this Section 7.01, if a
Restricted Payment meets the criteria of more than one of the categories of Restricted Payments described in clauses (i) through (xvii) of Section 7.01(b), or is permitted to be made pursuant to Section 7.01(a), the
Parent will be permitted to classify (or later classify or reclassify in whole or in part in its sole discretion) such Restricted Payment in any manner that complies with this Section 7.01. 

Section 7.02 Limitation on Dividend and Other Payment Restrictions Affecting Subsidiaries. 

(a) The Parent will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create or otherwise
cause or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to: 

(i) pay dividends or make any other distributions on its Capital Stock to the Parent or any of its Restricted Subsidiaries;
provided, that the priority of any Preferred 

  
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Stock in receiving dividends or liquidating distributions prior to the payment of dividends or liquidating distributions on Capital Stock shall not be deemed a restriction on the ability to make
distributions on Capital Stock for purposes of this covenant; 
 (ii) make loans or advances to, or pay any Indebtedness or
other Obligations owed to, the Parent or any of its Restricted Subsidiaries (it being understood that the subordination of loans or advances made to the Parent or any such Restricted Subsidiary to other Indebtedness incurred by the Parent or any
such Restricted Subsidiary shall not be deemed a restriction on the ability to make loans or advances); or 
 (iii) transfer
any of its properties or assets to the Parent or any of its Restricted Subsidiaries. 
 (b) The restrictions in
Section 7.02(a) will not apply to encumbrances or restrictions existing under or by reason of: 
 (i) (x)
agreements as in effect on the date of this Agreement (including, without limitation, the ABL Credit Agreement, the 2019 Indenture and the 2019 Notes) and (y) the 2022 Indenture and the 2022 Notes, and, in each case, any amendments,
modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of those agreements or the Indebtedness to which they relate, provided that the amendments, modifications, restatements, renewals, increases,
supplements, refundings, replacements or refinancings are no more restrictive, taken as a whole, with respect to such dividend, distribution and other payment restrictions than those contained in those agreements on the date of this Agreement; 

(ii) this Agreement and the other Loan Documents; 

(iii) applicable Laws; 

(iv) any instrument governing Indebtedness or Capital Stock of a Person acquired by the Parent or any of its Restricted
Subsidiaries as in effect at the time of such acquisition (but not created in contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person, or the property
or assets of the Person, so acquired, provided that, in the case of Indebtedness, such Indebtedness was otherwise permitted by the terms of this Agreement to be incurred; 

(v) Capital Lease Obligations, sale and leaseback transactions, mortgage financings or purchase money obligations, in each case
for property acquired in the ordinary course of business that impose restrictions on that property of the nature described in clause (iii) of Section 7.02(a); 

(vi) restrictions imposed under any agreement to sell Equity Interests or assets to any Person that imposes restrictions on
that property of the nature described in clause (iii) of Section 7.02(a) pending the closing of such sale; 

  
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 (vii) any agreement for the sale or other disposition of a Restricted Subsidiary
of the Parent that restricts distributions by that Restricted Subsidiary pending its sale or other disposition; 
 (viii)
Permitted Refinancing Indebtedness, provided that the restrictions contained in the agreements governing such Permitted Refinancing Indebtedness are no more restrictive, taken as a whole, than those contained in the agreements governing the
Indebtedness being refinanced; 
 (ix) Liens securing Indebtedness otherwise permitted to be incurred under the provisions of
Section 7.06 that limit the right of the debtor to dispose of the assets subject to such Liens; 
 (x) customary
provisions in joint venture agreements, partnership agreements, limited liability company organizational documents, shareholder agreements and other similar agreements entered into in the ordinary course of business or that have been approved by the
Board that restrict the disposition or distribution of ownership interests in or assets of such joint venture, partnership, limited liability company, corporation or similar Person; 

(xi) any agreement or instrument relating to any property or assets acquired after the date of this Agreement, so long as such
encumbrance or restriction relates only to the property or assets so acquired and is not and was not created in anticipation of such acquisition; 

(xii) restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary
course of business; 
 (xiii) encumbrances or restrictions contained in, or in respect of, Swap Contracts permitted under
this Agreement from time to time; 
 (xiv) with respect to any Foreign Subsidiary, any encumbrance or restriction contained
in the terms of any Indebtedness or any agreement pursuant to which such Indebtedness was incurred if either (a) the encumbrance or restriction applies only in the event of a payment default or a default with respect to a financial covenant in
such Indebtedness or agreement or (b) the Parent determines in good faith that any such encumbrance or restriction will not materially affect the Borrower’s ability to make principal or interest payments on the Obligations of the Borrower
under this Agreement; 
 (xv) restrictions arising or agreed to in the ordinary course of business, not relating to any
Indebtedness, and that do not, individually or in the aggregate, detract from the value of property or assets of the Parent or any Restricted Subsidiary thereof in any manner material to the Issuer or any Restricted Subsidiary thereof; 

(xvi) restrictions in respect of the subletting, assignment or transfer of any property or asset that is a lease, license,
conveyance or contract or similar property or asset entered into in the ordinary course of business; 

  
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 (xvii) restrictions existing by virtue of any transfer of, agreement to transfer,
option or right with respect to, or Lien on, the property or assets of the Parent or any Restricted Subsidiary subject to such transaction not otherwise prohibited by this Agreement; and 

(xviii) any other agreement governing Indebtedness of the Parent or any Restricted Subsidiary that is permitted to be incurred
under Section 7.03; provided, however, that such encumbrances or restrictions are not materially more restrictive, taken as a whole, than those contained (x) the ABL Credit Agreement, with respect to credit agreements or
(y) this Agreement as in effect on the date of this Agreement, with respect to indentures or term loan B facilities. 

Section 7.03 Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock. 

(a) The Parent will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur,
issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively, “incur;” with “incurrence” having a correlative meaning) any Indebtedness (including Acquired
Debt), other than Permitted Indebtedness, the Parent will not, and will not permit any of its Restricted Subsidiaries to, issue any Disqualified Stock, and the Parent will not permit any Restricted Subsidiary that is not a Subsidiary Guarantor to
issue any Preferred Stock, in each case, unless the Fixed Charge Coverage Ratio for the Parent’s most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such
additional Indebtedness is incurred or such Disqualified Stock or Preferred Stock is issued, as the case may be, would have been at least 2.0 to 1.0, determined on a pro forma basis (including a pro forma application of the net proceeds therefrom),
as if the additional Indebtedness had been incurred or Disqualified Stock or Preferred Stock had been issued, as the case may be, at the beginning of such reference period. 

(b) The provisions of Section 7.03(a) will not prohibit the incurrence of any of the following items of
Indebtedness (collectively, “Permitted Indebtedness”) or the issuance of any Preferred Stock described in clause (xii) below: 

(i) the incurrence by the Parent or any of its Restricted Subsidiaries of Indebtedness under this Agreement, the ABL Credit
Agreement or any other credit agreement, commercial paper facility or other agreement providing for revolving credit loans, receivables financings or letters of credit in an aggregate principal amount (or accreted value, as applicable) at any one
time outstanding under this clause (i) not to exceed the greater of (a) $850,000,000, (b) the sum of $450,000,000 million plus 25% of the Parent’s Consolidated Tangible Assets at the time of incurrence or (c) an amount equal
to 2.0 times the Parent’s Consolidated Cash Flow for the most recently ended four full fiscal quarters of the Parent for which internal financial statements are available; 

(ii) the incurrence by the Parent or any of its Restricted Subsidiaries of the Existing Indebtedness; 

  
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 (iii) the incurrence by the Parent and any Restricted Subsidiaries of
Indebtedness, including any related Guarantees thereof, in respect of the Senior Notes; 
 (iv) the incurrence by the Parent
or any of its Restricted Subsidiaries of Indebtedness represented by Capital Lease Obligations, mortgage financings or purchase money obligations, in each case, incurred for the purpose of financing all or any part of the purchase price or cost of
construction or improvement of property, plant or equipment used in the business of the Parent or such Restricted Subsidiary or Attributable Debt in respect of sale and leaseback transactions, provided that, immediately after giving effect to
any such incurrence, the aggregate principal amount of Indebtedness incurred pursuant to this clause (4), including all Permitted Refinancing Indebtedness incurred to extend, refinance, renew, replace, defease or refund such Indebtedness shall not
exceed at any time outstanding, the greater of (a) $75.0 million or (b) 5.0% of the Parent’s Consolidated Tangible Assets at the time of incurrence; 

(v) the incurrence by the Parent or any of its Restricted Subsidiaries of Permitted Refinancing Indebtedness in exchange for,
or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund Indebtedness that was permitted by this Agreement to be incurred under Section 7.03(a) or clauses (ii), (iii), (iv), (ix) or (xiv) of
this paragraph (b) or this clause (v); 
 (vi) the incurrence by the Parent or any of its Restricted Subsidiaries
of intercompany Indebtedness between or among Parent and any of its Restricted Subsidiaries; provided, however, that: 

(A) if the Borrower is the obligor on such Indebtedness and another Loan Party is not the obligee, such Indebtedness must be
expressly subordinated to the prior payment in full in cash of all Obligations of the Borrower under this Agreement, or if the Parent or a Subsidiary Guarantor is the obligor on such Indebtedness and none of Parent, the Borrower or another
Subsidiary Guarantor is the obligee, such Indebtedness must be expressly subordinated to the prior payment in full in cash of all Obligations with respect to the Guaranty of such Subsidiary Guarantor; and 

(B) (i) any subsequent issuance or transfer of Equity Interests that results in any such Indebtedness being held by a Person
other than Parent or a Restricted Subsidiary of the Parent and (ii) any sale or other transfer of any such Indebtedness to a Person that is neither Parent nor a Restricted Subsidiary of the Parent will be deemed, in each case, to constitute an
incurrence of such Indebtedness by the Parent or such Restricted Subsidiary, as the case may be, that is not permitted by this clause (vi); 

(vii) the incurrence by the Parent or any of its Restricted Subsidiaries of Obligations in respect of Swap Contracts in the
ordinary course of business for bona fide hedging purposes and not for speculative purposes; 

  
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 (viii) the incurrence by the Parent or any of its Restricted Subsidiaries of
Indebtedness arising from agreements of the Parent or any of its Restricted Subsidiaries providing for indemnification, adjustment of purchase price, earn-outs or similar obligations, in each case, incurred in connection with the disposition or
acquisition of any business, assets or a Restricted Subsidiary of the Parent or any business or assets of its Restricted Subsidiaries, other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business, assets
or a Restricted Subsidiary of the Parent or any of its Restricted Subsidiaries for the purposes of financing such acquisition; provided, however, that: 

(A) such Indebtedness is not reflected on the balance sheet of the Parent or any of its Restricted Subsidiaries (contingent
obligations referred to in a footnote to financial statements and not otherwise reflected on the balance sheet will not be deemed to be reflected on such balance sheet for purposes of this clause (A)); and 

(B) the maximum aggregate liability in respect of all such Indebtedness incurred in connection with a disposition shall at no
time exceed the gross proceeds including non-cash proceeds (the fair market value of such non-cash proceeds being measured at the time received and without giving effect to any subsequent changes in value) actually received by the Parent and its
Restricted Subsidiaries in connection with such disposition; 
 (ix) the incurrence by the Parent or any of its Restricted
Subsidiaries of Permitted Acquisition Indebtedness; 
 (x) the Guarantee by any Loan Party of Indebtedness of the Parent or
any of the Parent’s Restricted Subsidiaries that was permitted to be incurred by another provision of this Section 7.03; provided that if the Indebtedness being guaranteed is Subordinated Indebtedness, then the related
Guarantee shall be subordinated in right of payment to the Secured Obligations; 
 (xi) the incurrence by the Parent or any
of its Restricted Subsidiaries of Indebtedness in respect of bid, performance, surety and similar bonds issued for the account of the Parent or any of its Restricted Subsidiaries in the ordinary course of business, including guarantees and
obligations of the Parent or any of its Restricted Subsidiaries with respect to letters of credit supporting such obligations (in each case other than an obligation for money borrowed); 

(xii) the issuance by the Parent or any of its Restricted Subsidiaries to Parent or to any of its Subsidiaries of any Preferred
Stock; provided, however, that: 
 (A) any subsequent issuance or transfer of Equity Interests that results in any such
Preferred Stock being held by a Person other than Parent or any Restricted Subsidiary of the Parent; and 
 (B) any sale or
other transfer of any such Preferred Stock to a Person that is neither the Parent nor a Restricted Subsidiary of the Parent 

  
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 shall be deemed, in each case, to constitute an issuance of such Preferred Stock by the Parent or such Restricted
Subsidiary that was not permitted by this clause (xii); 
 (xiii) Indebtedness of the Parent or any of its Restricted
Subsidiaries in respect of Treasury Management Arrangements; and 
 (xiv) the incurrence by the Parent or any of its
Restricted Subsidiaries of additional Indebtedness in an aggregate principal amount (or accreted value, as applicable) that, when taken together with all other Indebtedness of the Parent outstanding on the date of such incurrence (other than
Indebtedness permitted by clauses (i) through (xiii) of Section 7.03(b) or by Section 7.03(a)), does not to exceed the greater of (a) $100.0 million or (b) 7.5% of the Parent’s Consolidated Tangible
Assets determined at the time of incurrence. 
 (c) For purposes of determining compliance with this
Section 7.03, if an item of Indebtedness (including Acquired Debt) meets the criteria of more than one of the categories of Permitted Indebtedness described in clauses (i) through (xiv) of Section 7.03(b), or is
entitled to be incurred pursuant to Section 7.03(a), the Parent will be permitted to classify (or later classify or reclassify in whole or in part in its sole discretion) such item of Indebtedness in any manner that complies with this
Section 7.03. Any Indebtedness under the ABL Credit Agreement and this Agreement on the date of this Agreement shall be considered incurred under clause (i) of Section 7.03(b). 

(d) The accrual of interest, the accretion or amortization of original issue discount, the payment of interest on any
Indebtedness in the form of additional Indebtedness with the same terms, and the payment of dividends on Disqualified Stock or Preferred Stock in the form of additional shares of the same class of Disqualified Stock or Preferred Stock will not be
deemed to be an incurrence of Indebtedness or an issuance of Disqualified Stock or Preferred Stock, as the case may be, for purposes of this Section 7.03; provided, in each such case, that the amount thereof is included in Fixed Charges
of the Parent as accrued. Notwithstanding any other provision of this Section 7.03, the maximum amount of Indebtedness that the Parent or any Restricted Subsidiary may incur pursuant to this Section 7.03 will not be deemed to
be exceeded solely as a result of fluctuations in exchange rates or currency values. Further, the accounting reclassification of any obligation of the Parent or any of its Restricted Subsidiaries as Indebtedness will not be deemed an incurrence of
Indebtedness for purposes of this Section 7.03. 
 Section 7.04 Limitation on Asset Sales. 

(a) The Parent will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless: 

(i) the Parent (or a Restricted Subsidiary, as the case may be) receives consideration at the time of the Asset Sale at least
equal to the fair market value of the assets or Equity Interests issued or sold or otherwise disposed of; 
 (ii) at least
75% of the aggregate consideration received by the Parent or such Restricted Subsidiary in the Asset Sale is in the form of cash or Cash Equivalents or any combination thereof. For purposes of this provision, each of the following will be deemed to
be cash: 
 (A) any liabilities of the Parent or any Restricted Subsidiary, as shown on the Parent’s most recent
consolidated balance sheet (other than contingent liabilities and liabilities that are by their terms subordinated to the Secured Obligations and liabilities owed to the Parent or any Subsidiary) that are expressly assumed by the transferee of any
such assets pursuant to a customary written novation agreement that releases the Parent or such Restricted Subsidiary from further liability; 

  
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 (B) any non-cash consideration received by the Parent or such Restricted
Subsidiary from such transferee that are converted by the Parent or such Restricted Subsidiary into cash or Cash Equivalents within 180 days following the closing of such Asset Sale, to the extent of the cash or Cash Equivalents received in that
conversion; 
 (C) the fair market value of (i) any assets (other than securities) used or useful in a Permitted
Business, (ii) Equity Interests acquired from a Person other than the Parent or any Restricted Subsidiary in a Person engaged in a Permitted Business and that shall become a Restricted Subsidiary immediately upon the acquisition of such Person
or (iii) a combination of (i) and (ii); and 
 (D) any Designated Non-cash Consideration received by the Parent or
any of its Restricted Subsidiaries in such Asset Sale having an aggregate fair market value, taken together with all other Designated Non-cash Consideration received pursuant to this clause (D) that has not, prior to such time, been converted
into cash or Cash Equivalents, not to exceed the greater of (i) $25.0 million or (ii) 2.0% of the Parent’s Consolidated Tangible Assets at the time of receipt of such Designated Non-cash Consideration, with the fair market value of
each item of Designated Non-cash Consideration being measured at the time received and without giving effect to subsequent changes in value. 
 Any Asset
Sale pursuant to a condemnation, seizure, appropriation or similar taking, including by deed in lieu of condemnation, casualty, actual or constructive total loss or an agreed or compromised total loss shall not be required to satisfy the conditions
set forth in clauses (i) and (ii) of the first paragraph of this covenant. 
 (b) Within 365 days after the receipt
of any Excess Asset Sale Proceeds, the Parent or other Loan Party, as the case may be, may apply such Excess Asset Sale Cash Proceeds, at its option: 

(i) to prepay or repay the Secured Obligations in accordance with Section 2.03(b)(ii); 

(ii) to acquire Equity Interests in a Person that constitutes a controlling interest, or all or substantially all of the assets
or operating line of another business, in each case engaged in a Permitted Business; 

  
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 (iii) to make capital expenditures in a Permitted Business; or 

(iv) to acquire other non-current assets (other than securities) to be used in a Permitted Business; 

in the case of each of clauses (ii), (iii) and (iv), if the assets being acquired would constitute Collateral or if any Person the Equity Interests of
which are being acquired would become a Loan Party and the Equity Interests of such Person would constitute Collateral; 

(c) Within 365 days after the receipt of any Net Cash Proceeds from an Asset Sale of assets not constituting Collateral in
excess of $50,000,000, the Parent or other Loan Party, as the case may be, may apply such Net Cash Proceeds, at its option: 

(i) to prepay, repay, purchase, repurchase or redeem any Senior Indebtedness of Parent or any Subsidiary of Parent (other than
Indebtedness owed to Parent or an Affiliate of Parent); 
 (ii) to acquire Equity Interests in a Person that constitutes a
controlling interest, or substantially all of the assets or operating line of another business, in each case engaged in a Permitted Business; 

(iii) to make capital expenditures in a Permitted Business; or 

(iv) to acquire other non-current assets (other than securities) to be used in a Permitted Business. 

(d) Notwithstanding anything to the contrary contained herein if the Parent or the applicable Restricted Subsidiary will be deemed to have
complied with clauses (b) and (c) above if, within 365 days of such Asset Sale, the Parent or such Restricted Subsidiary shall have commenced and not completed or abandoned an expenditure or Investment, or entered into a binding agreement
with respect to an expenditure or Investment, in compliance with clauses (b) and (c) above, and that expenditure or Investment is substantially completed within a date one year and six months after the date of such Asset Sale. Pending the
final application of any such Net Cash Proceeds, the Parent or the applicable Restricted Subsidiary may expend or invest such Net Cash Proceeds in any manner that is not prohibited by this Agreement. 

Section 7.05 Limitation on Transactions with Affiliates. 

(a) The Parent will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, in one transaction
or a series of related transactions, sell, lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make, amend, renew or extend any transaction, contract, agreement,
understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate (each, an “Affiliate Transaction”) if such Affiliate Transaction involves aggregate consideration in excess of $10,000,000, unless: 

(i) the Affiliate Transaction is on terms that, taken as a whole, are no less favorable to the Parent or the relevant
Restricted Subsidiary than those that could 

  
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reasonably be expected to have been obtained in a comparable transaction by the Parent or such Restricted Subsidiary with a Person who is not an Affiliate of the Parent or any Restricted
Subsidiary or is otherwise fair to the Parent and its Restricted Subsidiaries from a financial point of view; and 
 (ii) the
Borrower delivers to the Administrative Agent: 
 (A) with respect to any Affiliate Transaction or series of Affiliate
Transactions involving aggregate consideration in excess of $30.0 million, an Officers’ Certificate certifying that such Affiliate Transaction or series of Affiliate Transactions complies with the preceding clause (i) of this
Section 7.05(a); and 
 (B) with respect to any Affiliate Transaction or series of related Affiliate Transactions
involving aggregate consideration in excess of $60.0 million, a Board Resolution of the Parent set forth in an Officers’ Certificate certifying that such Affiliate Transaction complies with the preceding clause (1) of this
Section 7.05(a) and has been approved by the Board. 
 (b) The following items will not be deemed to be Affiliate
Transactions and, therefore, will not be subject to the provisions of Section 7.05(a): 
 (i) any employment
agreement or arrangement, equity award, equity option or equity appreciation agreement, plan agreement or similar compensation arrangement, employee benefit plan, officer or director indemnification agreement or any similar arrangement entered into
by the Parent or any of its Restricted Subsidiaries in the ordinary course of business or that has been approved by a majority of disinterested members of the Board and any payments or awards pursuant thereto; 

(ii) transactions between or among (A) the Parent one or more of its Restricted Subsidiaries; and (B) any Restricted
Subsidiaries of the Parent; 
 (iii) transactions with a Person that is an Affiliate of the Parent solely because the Parent
or any of its Restricted Subsidiaries owns an Equity Interest in or otherwise controls such Person; 
 (iv) transactions
pursuant to the any administrative services agreement, any real property lease agreements and other arrangements with respect to accounting, treasury, information technology, insurance and other corporate services, general overhead and other
administrative matters and expense reimbursements and any other agreements or arrangements in effect on the date of this Agreement, or any amendment, modification, or supplement thereto or replacement thereof, as long as such agreement or
arrangement, as so amended, modified, supplemented or replaced, taken as a whole, is not materially less favorable to the Parent and its Restricted Subsidiaries than the agreement or arrangement in existence on the date of this Agreement; 

(v) transactions with customers, clients, suppliers or purchasers or sellers of goods or services, including pursuant to any
master services agreement and any services agreement, in each case in the ordinary course of business and otherwise in accordance 

  
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with the terms of this Agreement, on terms that are not materially less favorable to the Parent and its Restricted Subsidiaries than those that could reasonably be expected to have been obtained
in a comparable transaction by the Parent or its Restricted Subsidiaries with a Person who is not an Affiliate of the Parent or any Restricted Subsidiary; 

(vi) loans or advances to officers, directors, managers and employees for moving, entertainment and travel expenses, drawing
accounts and similar expenditures and other purposes, in each case, in the ordinary course of business; 
 (vii) maintenance
in the ordinary course of business of customary benefit programs or arrangements for employees, officers, directors or managers, including vacation plans, health and life insurance plans, deferred compensation plans and retirement or savings plans
and similar plans; 
 (viii) fees and compensation paid to, and indemnity provided on behalf of, officers, directors,
managers, employees or consultants of the Parent or any of its Restricted Subsidiaries in their capacity as such, to the extent such fees and compensation are reasonable and customary; 

(ix) issuances and sales of Equity Interests of the Parent (other than Disqualified Stock) to Affiliates of the Parent or any
of its Restricted Subsidiaries; 
 (x) any Permitted Investments or Restricted Payments that are permitted by Section
7.01; 
 (xi) transactions pursuant to agreements or arrangements (including the Spin Off Documents) in effect as of the
date of this Agreement, or any amendment, modification, or supplement thereto or replacement thereof, as long as such agreement or arrangement, as so amended, modified, supplemented or replaced is not materially more disadvantageous to the Parent
and its Restricted Subsidiaries, taken as a whole, than the agreement or arrangement in existence on the date of this Agreement; and 

(xii) any transaction in which the Parent or any of its Restricted Subsidiaries, as the case may be, deliver to the
Administrative Agent a letter from an accounting, appraisal or investment banking firm of national standing stating that such transaction meets the requirements of subclause (a)(i) of this Section 7.05. 

Section 7.06 Limitation on Liens. 

The Parent will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume or
otherwise cause or suffer to exist or become effective any Lien (other than Permitted Liens) securing Indebtedness upon any of their property or assets, now owned or hereafter acquired. 

  
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 Section 7.07 Fundamental Changes. 

(a) The Borrower may not, directly or indirectly, (1) consolidate or merge with or into another Person (regardless of whether the
Borrower is the surviving Person), or (2) sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the properties or assets of the Borrower and its Restricted Subsidiaries (taken as a whole), in one or more
related transactions, to another Person, unless: 
 (i) either (A) the Borrower is the surviving Person or (B) the
Person formed by or surviving any such consolidation or merger (if other than the Borrower) or to which such sale, assignment, transfer, lease, conveyance or other disposition has been made (the “Successor”) is a Person
organized or existing under the laws of the United States, any state of the United States or the District of Columbia; 

(ii) the Successor assumes all the obligations of the Borrower under this Agreement pursuant to agreements reasonably
satisfactory to the Administrative Agent; 
 (iii) immediately after such transaction or transactions no Default or Event of
Default exists; 
 (iv) immediately after giving pro forma effect to such transaction or transactions, and the assumption of
the obligations as set forth in clause (ii) above and the incurrence of any Indebtedness to be incurred in connection therewith, and the use of any net proceeds therefrom on a pro forma basis, (A) the Borrower or its Successor, as the case
may be, could incur $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio in Section 7.03(a) or (B) the Fixed Charge Coverage Ratio for the Parent would be greater than or equal to such Fixed Charge Coverage
Ratio prior to such transaction; and 
 (v) each other Loan Party, unless such Loan Party is the Person with which the
Borrower has entered into a transaction or transactions under this Section 7.07, will have confirmed to the Administrative Agent in writing that its Guaranty will apply to the obligations of the Borrower or the Successor, as the case may
be, in accordance with this Agreement and the other Loan Documents; 
 provided, however, that clause (iv) above will not apply (A) if, in
the good faith determination of the Board of the Borrower, whose determination shall be evidenced by a Board Resolution, the principal purpose of such transaction is to change the state of incorporation of the Borrower, the organizational form of
the Borrower or both, and any such transaction shall not have as one of its purposes the evasion of the foregoing limitations; or (B) to any consolidation, merger, sale, assignment, transfer, conveyance or other disposition of assets between or
among Parent, the Borrower and any of its Restricted Subsidiaries. 
 (b) Upon any consolidation or merger of the Borrower,
or transfer of all or substantially all of the assets of the Borrower in accordance with Section 7.07(a) above, the surviving entity formed by such consolidation into which the Borrower is merged or the Person to which the transfer is
made will succeed to, and be substituted for, and may exercise every right and power of, the Borrower under this Agreement with the same effect as if such surviving entity or transferee had been named as the Borrower herein and shall

  
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be substituted for the Borrower (so that from and after the date of such consolidation, merger, or transfer, the provisions of this Agreement referring to the “Borrower” shall refer
instead to the successor and (except in the case of a lease of all or substantially all of the properties or assets of the Borrower) not to the Borrower); and thereafter, except in the case of a lease of all or substantially all of the properties or
assets of the Borrower, the Borrower shall be discharged and released from all obligations and covenants under this Agreement. The Administrative Agent shall enter into an instrument to evidence the succession and substitution of such successor and
such discharge and release of the Borrower. 
 Section 7.08 Use of Proceeds. The Parent shall not, and shall not permit any of
its Restricted Subsidiaries to, use the proceeds of any Loan to “purchase” or “carry” “margin stock” (each, as defined in Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying
margin stock or to refund indebtedness originally incurred for such purpose. 
 Section 7.09 Swap Contracts. The Parent will
not, and will not permit any of its Restricted Subsidiaries to be a party to or in any manner be liable on any Swap Contract, except Swap Contracts entered into with the purpose and effect of hedging of interest rates or currency risks or fuel or
other commodity price risks of the Loan Parties; provided that at all times such Swap Contract: (i) hedge or mitigate risks to which any Loan Party has actual or projected exposure, (ii) are permitted under the risk management
policies approved by the Parent’s board or similar governing body from time to time, and (iii) do not subject the Loan Parties to material speculative risk. 

Section 7.10 Sanctions. The Parent will not and its Restricted Subsidiaries will not directly or, to their knowledge, indirectly,
use the proceeds of any Loan (i) to lend, contribute or otherwise make available such proceeds to any Person that is the subject of Sanctions, (ii) to fund any activities of or business with any Person that is the subject of Sanctions or
in any Designated Jurisdiction, or (iii) in any other manner that will result in a material violation by the Parent or its Restricted Subsidiaries of Sanctions. 

Section 7.11 Anti-Corruption Laws. The Parent will not and its Restricted Subsidiaries will not directly or, to their knowledge,
indirectly, use the proceeds of any Loan for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977 or other applicable anti-corruption laws in other jurisdictions. 

Section 7.12 Accounting Changes. Make any change in its (a) accounting policies or reporting practices, except as required by
GAAP, or (b) fiscal year. 
 ARTICLE VIII 

EVENTS OF DEFAULT AND REMEDIES 

Section 8.01 Events of Default. Any of the following shall constitute an Event of Default: 

(a) Non-Payment. The Borrower or any other Loan Party fails to (i) pay when and as required to be paid herein, any
amount of principal of any Loan, or (ii) pay within five Business Days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or 

  
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 (b) Specific Covenants. The Parent or the Borrower fails to perform or
observe any term, covenant or agreement contained in any of Section 6.03 or Section 6.05 (solely if a Loan Party is not in good standing under the Laws of its jurisdiction of its organization), or Section 6.11; or

 (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in
Section 8.01(a) or (b) above or Section 8.01(m) below) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days; or 

(d) Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed made
by or on behalf of the Borrower or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading in any material respect when made or deemed made; or 

(e) Cross-Default. (i) Any Loan Party or any Subsidiary thereof (A) fails to make any payment when due
(whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of the Senior Notes, the ABL Credit Agreement or any other Indebtedness (other than Indebtedness hereunder) having an aggregate principal amount
(including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount; or (B) fails to observe or perform any other agreement or
condition relating to any such Indebtedness in excess of the Threshold Amount or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to permit
the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to demand, or require that the Loan Party or Subsidiary make an offer with respect to, the repurchase, prepayment, defeasance or redemption of
such Indebtedness prior to its Stated Maturity other than any repurchase or redemption of Indebtedness in connection with a change of control offer or asset sale offer or other similar mandatory prepayment; or (ii) there occurs under one or
more Swap Contracts an involuntary early termination involving an aggregate amount owed by a Loan Party or any or its Subsidiaries in excess of the Threshold Amount; or 

(f) Insolvency Proceedings, Etc. Any Loan Party or any Material Subsidiary thereof institutes or consents to the
institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar
officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment
continues undischarged or unstayed for 60 consecutive calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and
continues undismissed or unstayed for 60 consecutive calendar days, or an order for relief is entered in any such proceeding: or 

  
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 (g) Inability to Pay Debts; Attachment. (i) Any Loan Party or any
Material Subsidiary thereof becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or
any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or 

(h) Judgments. There is entered against any Loan Party or any Material Subsidiary thereof (i) one or more final
judgments or orders for the payment of money in an aggregate amount (as to all such judgments and orders) exceeding the Threshold Amount (to the extent not covered by independent third-party insurance (other than to the extent of customary
deductibles) as to which the insurer has been notified of the potential claim and does not dispute coverage), or (ii) any one or more non-monetary final judgments that have, or could reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of 60 consecutive days during which a stay of enforcement of such
judgment, by reason of a pending appeal or otherwise, is not in effect; or 
 (i) ERISA. (i) An ERISA Event
occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to result in liability of the Borrower under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount
in excess of the Threshold Amount, or (ii) the Borrower or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201
of ERISA under a Multiemployer Plan in an aggregate amount in excess of the Threshold Amount, or 
 (j) Invalidity of Loan
Documents. Any provision of any Loan Document, at any time after its execution and delivery and prior to the satisfaction in full of all the Secured Obligations, for any reason other than as expressly permitted hereunder ceases to be in full
force and effect; or any Loan Party or any other Person contests in any manner the validity or enforceability of any provision of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any provision of
any Loan Document, or purports to revoke, terminate or rescind any provision of any Loan Document; or 
 (k) Change of
Control. There occurs any Change of Control; or 
 (l) Collateral Documents. Any Collateral Document after
delivery thereof pursuant to Section 4.01 or Section 6.12 shall for any reason (other than pursuant to the terms thereof) cease to create a valid and perfected first priority Lien on the Collateral, subject to Permitted
Liens, purported to be covered thereby; or 

  
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 (m) Environmental Default. Any failure of the Parent or any of its
Subsidiaries or the Business or any of the Properties to be in compliance with Environmental Laws or Environmental Permits or the existence of any Environmental Liability, in any case, without regard to the Person causing such failure or liability
or when the event(s), fact(s) or circumstance(s) that caused failure or liability initially occurred, in each case, that has had, or could reasonably be expected to have, a Material Adverse Effect. 

Section 8.02 Remedies upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent shall, at
the request of, or may, with the consent of; the Required Lenders, take any or all of the following actions: 
 (a) declare
any commitment, if any, of each Lender to make Loans to be terminated, whereupon such commitments and obligation shall be terminated; 

(b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other
amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower; and 

(c) exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan
Documents at law or in equity; 
 provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect
to the Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans, if any, shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid
shall automatically become due and payable, as aforesaid shall automatically become effective, in each case without further act of the Administrative Agent or any Lender. 

Section 8.03 Application of Funds. After the exercise of remedies provided for in Section 8.02 (or after the Loans
have automatically become immediately due and payable any amounts received on account of the Secured Obligations shall, subject to the provisions of Section 2.12, be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Secured Obligations constituting fees, indemnities, expenses and other amounts (including
fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; 

Second, to payment of that portion of the Secured Obligations constituting fees, indemnities and other amounts (other than principal or
interest) payable to the Lenders (including fees, charges and disbursements of counsel to the respective Lenders arising under the Loan Documents and amounts payable under Article III, ratably among them in proportion to the respective
amounts described in this clause Second payable to them; 

  
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 Third, to payment of that portion of the Secured Obligations constituting accrued and
unpaid interest on the Loans and other Obligations arising under the Loan Documents, ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to them; 

Fourth, to payment of that portion of the Secured Obligations constituting unpaid principal of the Loans; 

Last, the balance, if any, after all of the Secured Obligations have been indefeasibly paid in full, to the Borrower or as otherwise
required by Law. 
 ARTICLE IX 

ADMINISTRATIVE AGENT 

Section 9.01 Appointment and Authority. (a) Each of the Lenders hereby irrevocably appoints, designates and authorizes Bank
of America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative
Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent and the Lenders and neither the Borrower nor any
other Loan Party shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the
Administrative 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. 
 (b) The Administrative Agent shall also act as the
“collateral agent” under the Loan Documents, and each of the Lenders hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender for purposes of acquiring, holding and enforcing any and all Liens
on Collateral granted by any of the Loan Parties to secure any of the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent”
and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.04 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral
Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this Article IX and Article X (including
Section 10.04(c), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. 

Section 9.02 Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in
its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term 

  
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“Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as
the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business
with the any Loan Party or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders or to provide notice to or consent of the Lenders with respect
thereto. 
 Section 9.03 Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations
except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing; 
 (b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except
discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as
shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to
liability or that is contrary to any Loan Document or applicable Law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may affect a forfeiture, modification or
termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 
 (c) shall not, except as
expressly set forth herein and in the other Loan Documents, have any duty or responsibility to disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any of its Affiliates that is communicated to
or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 
 Neither the Administrative Agent
nor any of its Related Parties shall be liable for any action taken or not taken by the Administrative Agent under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby or thereby (i) with the
consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in
Section 10.01 and Section 8.02) 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. The Administrative Agent
shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative Agent by the Borrower or a Lender. 

Neither the Administrative Agent nor any of its Related Parties has any duty or obligation to any Lender or participant or any other Person to
ascertain or inquire into (i) any statement, 

  
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warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or
thereunder or in connection herewith or therewith, the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the value or
the sufficiency of any Collateral, or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

Section 9.04 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall be fully
protected in relying and shall not incur any liability for relying upon, any notice, request, certificate, communication consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website
posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it
to have been made by the proper Person, and shall be fully protected in relying and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan that by its terms must be fulfilled
to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan.
The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of
any such counsel, accountants or experts. For purposes of determining compliance with the conditions specified in Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to
be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed
Closing Date specifying its objections. 
 Section 9.05 Delegation of Duties. The Administrative Agent may perform any and all
of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of
its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent,
and shall apply to their respective activities in connection with the syndication of this Agreement provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct
of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

Section 9.06 Resignation of Administrative Agent. The Administrative Agent may at any time give notice of its resignation to the
Lenders and the Borrower. Upon receipt of any 

  
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such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in the United States, or an
Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of
its resignation, then the retiring Administrative Agent may, on behalf of the Lenders and in consultation with the Borrower, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the
Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (a) the retiring Administrative
Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders under any of the Loan Documents, the
retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (b) all payments, communications and determinations provided to be made by, to or through the
Administrative Agent shall instead be made by or to each Lender directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment
as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged
from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrower to a successor Administrative Agent shall be the same as
those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and
Section 10.04 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring
Administrative Agent was acting as Administrative Agent. 
 Section 9.07 Non-Reliance on Administrative Agent and Other Lenders.
Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and
information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or
thereunder. 
 Section 9.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Bookrunners,
Arrangers, Syndication Agent or Co-Documentation Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the
Administrative Agent, the Arranger or a Lender. 

  
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 Section 9.09 Administrative Agent May File Proofs of Claim. In case of the pendency
of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by
declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and
all other Secured Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under Section 2.06 and Section 10.04)
allowed in such judicial proceeding; and 
 (b) to collect and receive any monies or other property payable or deliverable on
any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any
such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Section 2.06 and
Section 10.04. 
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or
accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Secured Obligations or the rights of any Lender to authorize the Administrative Agent to vote in respect of the claim of any
Lender or in any such proceeding. 
 The Secured Parties hereby irrevocably authorize the Administrative Agent, at the direction of the
Required Lenders, to credit bid all or any portion of the Secured Obligations (including accepting some or all of the Collateral in satisfaction of some or all of the Secured Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in
such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of the Bankruptcy Code of the United States, including under Sections
363, 1123 or 1129 of the Bankruptcy Code of the United States, or any similar Laws in any other jurisdictions to which a Loan Party is subject, (b) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted by (or
with the consent or at the direction of) the Administrative Agent (whether by judicial action or otherwise) in accordance with any applicable Law. In connection with any such credit bid and purchase, the Secured Obligations owed to the Secured
Parties shall be entitled to be, and shall be, credit bid on a ratable basis (with Secured Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable basis that would vest upon
the 

  
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liquidation of such claims in an amount proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) in the asset or assets so purchased (or
in the Equity Interests or debt instruments of the acquisition vehicle or vehicles that are used to consummate such purchase). In connection with any such bid (i) the Administrative Agent shall be authorized to form one or more acquisition
vehicles to make a bid, (ii) to adopt documents providing for the governance of the acquisition vehicle or vehicles (provided that any actions by the Administrative Agent with respect to such acquisition vehicle or vehicles, including
any disposition of the assets or Equity Interests thereof shall be governed, directly or indirectly, by the vote of the Required Lenders, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by
the Required Lenders contained in clauses (a) through (i) of Section 10.01 of this Agreement, and (iii) to the extent that Secured Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral
for any reason (as a result of another bid being higher or better, because the amount of Secured Obligations assigned to the acquisition vehicle exceeds the amount of debt credit bid by the acquisition vehicle or otherwise), such Secured Obligations
shall automatically be reassigned to the Lenders pro rata and the Equity Interests and/or debt instruments issued by any acquisition vehicle on account of the Secured Obligations that had been assigned to the acquisition vehicle shall automatically
be cancelled, without the need for any Secured Party or any acquisition vehicle to take any further action. 
 Section 9.10
Collateral and Guaranty Matters. Each of the Lenders irrevocably authorizes the Administrative Agent, at its option and in its discretion, 

(a) to release any Lien on any property granted to or held by the Administrative Agent under any Loan Document (i) upon
termination of the Aggregate Commitments and payment in full of all Secured Obligations (other than obligations for contingent liabilities in respect of which no claim or demand for payment has been made or, in the case of indemnifications, no
notice has been given (or reasonably satisfactory arrangements have otherwise been made)), (ii) that is sold or to be sold as part of or in connection with any sale permitted hereunder or under any other Loan Document, (iii) belonging to
any Subsidiary released as a Subsidiary Guarantor in accordance with the provisions hereunder and under the Guaranty, (iv) constituting property in which no Loan Party owned any interest at the time the Administrative Agent’s Lien was
granted nor at any time thereafter, (v) constituting property leased or licensed to a Loan Party or its Subsidiaries under a lease or license that has expired or is terminated in a transaction permitted hereunder or (vi) if approved,
authorized or ratified in writing in accordance with Section 10.01; 
 (b) to release any Loan Party from its
obligations under the Guaranty if such Person (i) is designated an Unrestricted Subsidiary in compliance with Section 6.12, (ii) ceases to be a Subsidiary as a result of a transaction permitted hereunder or (iii) otherwise
ceases to be required by the terms hereof to Guarantee the Secured Obligations; and 
 (c) to subordinate any Lien on any
property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien in respect of a Capital Lease Obligation to the extent permitted hereunder. 

  
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 Upon request by the Administrative Agent at any time, the Required Lenders will confirm in
writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Subsidiary Guarantor from its obligations under the Guaranty pursuant to this
Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably
request to evidence the release of such item of Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate its interest in such item, or to release such Subsidiary Guarantor from its obligations
under the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10. If it becomes illegal for any Lender to hold or benefit from a Lien over real property pursuant to any law of the United States,
such Lender shall notify the Administrative Agent and disclaim any benefit of such Lien to the extent of such illegality, but such illegality shall not invalidate or render unenforceable such Lien for the benefit of each of the other Lenders. The
Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the
Administrative Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the
Collateral. 
 ARTICLE X 

MISCELLANEOUS 

Section 10.01 Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other Loan Document, and no
consent to any departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by (x) in the case of this Agreement, the Required Lenders (or by the Administrative Agent if expressly provided in this
Agreement), the Parent and the Borrower or (y) in the case of any other Loan Document, each party thereto and the Administrative Agent, with the consent of the Required Lenders, and each such waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: 

(a) waive any condition set forth in Section 4.01 other than Section 4.01(c)(i) or (d), or, in
the case of the initial funding of the Term Loans, Section 4.01(f), (g) or (h), without the written consent of each Lender; 

(b) extend or increase the Commitment, if any, of any Lender (or reinstate any Commitment terminated pursuant to
Section 8.02) without the written consent of such Lender (it being understood that a waiver of any condition precedent, Default, Event of Default, mandatory prepayment or other mandatory reduction of Commitments shall not constitute an
extension, increase or reinstatement of the Commitment of any Lender); 
 (c) postpone any date fixed by this Agreement or
any other Loan Document for any payment (excluding mandatory prepayments) of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under such other Loan Document without the written consent of each Lender
entitled to such payment; 

  
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 (d) reduce the principal of, or the rate of interest specified herein on, any
Loan or (subject to clause (ii) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender entitled to such amount;
provided, however, that only the consent of the Required Lenders and the Borrower shall be necessary to amend (i) the definition of “Default Rate” or to waive any obligation of the Borrower to pay interest
at the Default Rate or (ii) any financial covenant hereunder (or defined term used therein) even if the effect of such amendment would be to reduce the rate of interest on any Loan or to reduce any fee payable hereunder; 

(e) change Section 2.10 or Section 8.03 in a manner that would alter the pro rata sharing of payments
required thereby without the written consent of each Lender; 
 (f) change any provision of this Section 10.01 or
the definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any
consent hereunder, without the written consent of each Lender directly and adversely affected thereby; 
 (g) other than as
permitted by Sections 9.10 or 10.21, release all or substantially all of the Collateral in any transaction or series of related transactions, without the written consent of each Lender; 

(h) release all or substantially all of the value of the Guaranty, without the written consent of each Lender, except to the
extent the release of any Subsidiary from the Guaranty is permitted pursuant to Section 9.10 or Section 10.21 (in which case such release may be made by the Administrative Agent acting alone); or 

(i) impose any greater restriction on the ability of any Lender to assign any of its rights or obligations hereunder without
the written consent of the Required Lenders; 
 and provided, further, that (i) no amendment, waiver or consent shall, unless in writing
and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; and (ii) the Fee Letters may be amended, or rights or
privileges thereunder waived, in a writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any
amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of any
Defaulting Lender may not be increased or extended nor the principal owing to such Lender reduced nor the date for payment thereof extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent
of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender, and (z) the foregoing clauses (x) and (y) shall not
be amended without the consent of each Defaulting Lender. 

  
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 If any Lender does not consent to a proposed amendment, waiver, consent or release with respect
to any Loan Document that requires the consent of each Lender or each affected Lender and that has been approved by the Required Lenders, the Borrower may replace such Non-Consenting Lender in accordance with
Section 10.13; provided that such amendment, waiver, consent or release can be effected as a result of the assignment contemplated by such Section 10.13 (together with all other such assignments required by the
Borrower to be made pursuant to this paragraph). 
 Section 10.02 Notices; Effectiveness; Electronic Communications.
(a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for
herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by
telephone or e-mail shall be made to the applicable telephone number or e-mail address, as follows: 
 (i) if to the Borrower
or the Administrative Agent to the address, telecopier number, electronic mail address or telephone number specified for such Person on Schedule 10.02; and 

(ii) if to any other Lender, to the address, telecopier number, electronic mail address or telephone number specified in its
Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in effect for the delivery of notices that may contain material non-public information
relating to the Borrower). 
 Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall
be deemed to have been given when received; notices and other communications sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been
given at the opening of business on the next business day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below shall be effective as provided in
such subsection (b). 
 (b) Electronic Communications. All notices and other communications to the Lenders
hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to
any Lender pursuant to Article II if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion,
agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. 

  
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 Unless the Administrative Agent otherwise prescribes, (i) notices and other communications
sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written
acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next
business day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause
(i) of notification that such notice or communication is available and identifying the website address therefor. 
 (c)
The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE,” TILE ADMINISTRATIVE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT TILE ACCURACY OR COMPLETENESS OF TILE BORROWER MATERIALS OR THE ADEQUACY OF THE
PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT
OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY ADMINISTRATIVE AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties
(collectively, the “Administrative Agent Parties”) have any liability to the Borrower, any Lender, or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise)
arising out of the Borrower’s or the Administrative Agent’s transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent
jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Administrative Agent Party; provided, however, that in no event shall any Administrative Agent Party have any
liability to the Borrower, any Lender, or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). 

(d) Change of Address, Etc. The Administrative Agent may change its address, telecopier, email address or telephone
number for notices and other communications hereunder by notice to the other parties hereto. The Borrower may change its address, telecopier, email address or telephone number for notices and other communications hereunder by notice to the
Administrative Agent. Each other Lender may change its address, telecopier, email address or telephone number for notices and other communications hereunder by notice to the Borrower and the Administrative Agent. In addition, each Lender agrees to
notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic mail address to which notices and other
communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private
Side Information” 

  
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or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures
and applicable Law, including United States Federal and state securities Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may
contain material non-public information with respect to the Borrower or its securities for purposes of United States Federal or state securities laws. 

(e) Reliance by Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and
act upon any notices (including telephonic Loan Notices) given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice
specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify the Administrative Agent, each Lender and the Related Parties of each of them from all losses,
costs, expenses and liabilities resulting from the reliance by such Person on each notice given by or on behalf of the Borrower. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the
Administrative Agent, and each of the parties hereto hereby consents to such recording. 
 Section 10.03 No Waiver; Cumulative
Remedies; Enforcement. No failure by any Lender or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver
thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and
privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies
hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the
Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the
rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) any Lender from exercising setoff rights in accordance with Section 10.08 (subject to
the terms of Section 2.10), or (c) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and
provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative
Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.10, any Lender may, with the consent of the Required
Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 

  
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 Section 10.04 Expenses; Indemnity; Damage Waiver. (a) Costs and Expenses.
The Borrower shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of one firm of counsel for the Administrative
Agent and, if necessary, of one local counsel in each appropriate jurisdiction), in connection with the syndication of the Term Loans and this Agreement, the preparation, negotiation, execution, delivery and administration of this Agreement and the
other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) and (ii) all reasonable and documented out-of-pocket
expenses incurred by the Administrative Agent or any Lender (including the reasonable fees, charges and disbursements of any one firm of counsel for the Administrative Agent and the Lenders and, if necessary, of one local counsel in each appropriate
jurisdiction, plus in the case of an actual or perceived conflict of interests, on additional firm of counsel in each relevant jurisdiction to each of the affected Administrative Agent and Lenders similarly situated taken as a whole), in connection
with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with Loans made hereunder, including all such out-of-pocket
expenses incurred during any workout, restructuring or negotiations in respect of such Loans. 
 (b) Indemnification by
the Borrower. The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof) and each Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”)
against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable fees, charges and disbursements of any one firm of counsel for all similarly situated Indemnitees)
actually incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any
other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby,
or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents, (ii) any Loan or the use or proposed use of the proceeds therefrom,
(iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its
Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any
other Loan Party or any of the Borrower’s or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT
OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are
determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result from a claim

  
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brought by the Borrower or any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrower or
such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 10.04(b) shall not apply with respect to Taxes other than any Taxes that
represent losses, claims, damages, etc. arising from any non-Tax claim. 
 (c) Reimbursement by Lenders. To the extent
that the Borrower for any reason fails to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof) or any Related Party of any of
the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed
expense or indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative
Agent (or any such sub-agent) in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) in connection with such capacity. The obligations of the Lenders under this
subsection (c) are subject to the provisions of Section 2.09(d). 
 (d) Waiver of Consequential
Damages, Etc. To the fullest extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed
to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of
the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such
Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages
resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction. 

(e) Payments. All amounts due under this Section shall be payable not later than 15 Business Days after written demand
therefor. 
 (f) Survival. The agreements in this Section shall survive the resignation of the Administrative Agent,
the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations hereunder. 

Section 10.05 Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to the Administrative
Agent or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any 

  
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part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or such
Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally
intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its
applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds
Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the Obligations hereunder and the termination of this Agreement. 

Section 10.06 Successors and Assigns. (a) Successors and Assigns Generally. The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior
written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of Section 10.06(b),
(ii) by way of participation in accordance with the provisions of Section 10.06(d), or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.06(f) (and any other
attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns
permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable
right, remedy or claim under or by reason of this Agreement. 
 (b) Assignments by Lenders. Any Lender may at any time
assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment(s) and the Loans at the time owing to it); provided that any such assignment shall be subject to
the following conditions: 
 (i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the
time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B) in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which
for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and
Assumption with respect to such assignment is delivered 

  
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to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $1,000,000, unless each of the
Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent assignments to
members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining
whether such minimum amount has been met; 
 (ii) Proportionate Amounts. Each partial assignment shall be made as an
assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned; 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by subsection
(b)(i)(B) of this Section and, in addition: 
 (A) the consent of the Borrower (such consent not to be unreasonably
withheld or delayed) shall be required unless (l) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that
the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof; and 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required if
such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to a Lender. 

(iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an
Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the
case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

(v) No Assignment to Certain Persons. No such assignment shall be made (A) to the Borrower or any of the
Borrower’s Affiliates or Subsidiaries, or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), or
(C) to a natural person. 

  
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 (vi) Certain Additional Payments. In connection with any assignment of
rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the
Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with
the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to
(x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of
all Loans in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with
the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective
date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of
the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Section 3.01, Section 3.04. Section 3.05
and Section 10.04 with respect to facts and circumstances occurring prior to the effective date of such assignment. Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance
with Section 10.06(d). 
 (c) Register. The Administrative Agent, acting solely for this purpose as an
agent of the Borrower (and such agency being solely for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of
the Lenders, and the Commitments of, and principal amounts of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, absent manifest
error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement notwithstanding notice to the
contrary. In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any 

  
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Lender as a Defaulting Lender. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

(d) Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative
Agent, sell participations to any Person (other than a natural person, a Defaulting Lender or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such
Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged,
(ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent, the Lenders shall continue to deal solely and directly with such Lender
in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement
and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver
or other modification described in the first proviso to Section 10.01 that affects such Participant. Subject to subsection (e) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of
Section 3.01, Section 3.04 and Section 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.06(b); provided, that such Participant
agrees to be subject to the provisions of Sections 3.06 and 10.13 to the same extent as if it were a Lender, and each Lender that sells a participation agrees to use reasonable efforts to cooperate with the Borrower to effectuate the
provisions of Sections 3.06 and 10.13 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided
such Participant agrees to be subject to Section 2.10 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it
enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”);
provided that no Lender shall have any obligation to disclose all or a portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans or
its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan or other obligation is in registered form under
Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is
recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent)
shall have no responsibility for maintaining a Participant Register. 

  
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 (e) Limitations upon Participant Rights. A Participant shall not be
entitled to receive any greater payment under Section 3.01 or Section 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the
participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is
notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 3.01(e) as though it were a Lender. 

(f) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights
under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such
Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

Section 10.07 Treatment of Certain Information: Confidentiality. Each of the Administrative Agent and the Lenders agrees to
maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, trustees,
advisors and representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent
requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations
or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other
Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement or any Eligible Assignee invited to be a Lender pursuant to Section 2.11(c), (g) with the consent of the Borrower or (h) to the extent such Information
(i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Administrative Agent, any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than
the Loan Party, unless such Administrative Agent, Lender or Affiliate has actual knowledge that such source owes an obligation of confidence to a Loan Party with respect to such Information. 

For purposes of this Section, “Information” means all information received from any Loan Party or any
Subsidiary thereof relating to any Loan Party or any Subsidiary thereof or their respective businesses, other than any such information that is available to the Administrative Agent, any Lender on a nonconfidential basis prior to disclosure by any
Loan Party or any Subsidiary thereof, provided that, in the case of information received from a Loan Party or any such Subsidiary after the date hereof, such information is clearly identified at the time of
delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to
maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

  
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 Each of the Administrative Agent and each Lender acknowledges that (a) the Information may
include material non-public information concerning the Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material
non-public information in accordance with applicable Law, including United States Federal and state securities Laws. 
 Section 10.08
Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to
set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender or any such Affiliate to or for
the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement or any other Loan Document to such Lender, irrespective of whether or not such Lender shall have made any
demand under this Agreement or any other Loan Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch or office of such Lender different from the branch or office holding such deposit or
obligated on such indebtedness; provided, that in the event that any Defaulting Lender shall exercise any such right of setoff hereunder, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further
application in accordance with the provisions of Section 2.12 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the
Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Secured Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The
rights of each Lender and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender or their respective Affiliates may have. Each Lender agrees to notify the
Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

Section 10.09 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid
or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an
amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by
the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude
voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 

  
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 Section 10.10 Counterparts; Integration; Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents
constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in
Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of
each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 10.11 Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan
Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the
Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default
at the time any Loans are made, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder (other than obligations for contingent liabilities in respect of which no claim or demand for payment has been made or,
in the case of indemnifications, no notice has been given (or reasonably satisfactory arrangements have otherwise been made)) shall remain unpaid or unsatisfied. 

Section 10.12 Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or
unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations
to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.12, if and to the extent that the enforceability of any provisions in this
Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent then such provisions shall be deemed to be in effect only to the extent not so limited. 

Section 10.13 Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender is a Non-Consenting Lender or a Defaulting Lender, or if the Borrower is otherwise
entitled to replace any Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in, and consents required by, Section 10.06), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may
be another Lender, if a Lender accepts such assignment), provided that: 
 (a) the Borrower shall have paid to
the Administrative Agent the assignment fee specified in Section 10.06(b)(iv); 

  
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 (b) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05) from the assignee (to the extent of such
outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 
 (c) in the case
of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments
thereafter; and 
 (d) such assignment does not conflict with applicable Laws. 

A Lender shall not be required to make any such assignment or delegation if prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. Each party hereto agrees that an assignment and delegation required pursuant to this paragraph may be effected pursuant to an Assignment
and Assumption executed by the Borrower, the Administrative Agent and the assignee and that the Lender required to make such assignment and delegation need not be a party thereto. 

Section 10.14 Governing Law: Jurisdiction; Etc. (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 (b) SUBMISSION TO JURISDICTION. EACH LOAN PARTY IRREVOCABLY
AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK 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 ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT
OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR
PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE 

  
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JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER MAY OTHERWISE HAVE TO
BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(c) WAIVER OF VENUE. EACH LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS
SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES
IN Section 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

Section 10.15 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL, PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT
OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 10.16 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby
(including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) (A) the arranging and
other services regarding this Agreement provided by the Administrative Agent and the Arrangers are arm’s-length commercial transactions between the Borrower and its Affiliates, on the one hand, and the Administrative Agent and the Arrangers, on
the other hand, (B) the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed 

  
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appropriate, and (C) the Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan
Documents; (ii) (A) the Administrative Agent, each Arranger and each Lender each is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting
as an advisor, agent or fiduciary for the Borrower or any of its Affiliates, or any other Person and (B) neither the Administrative Agent nor any Arranger nor any Lender has any obligation to the Borrower or any of its Affiliates with respect
to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent, the Arrangers, the Lenders and their respective Affiliates may be engaged in a
broad range of transactions that involve interests that differ from those of the Borrower and its Affiliates, and neither the Administrative Agent nor any Arranger nor any Lender has any obligation to disclose any of such interests to the Borrower
or its Affiliates. To the fullest extent permitted by law, the Borrower hereby waives and releases any claims that it may have against the Administrative Agent, the Arrangers or the Lenders with respect to any breach or alleged breach of agency or
fiduciary duty in connection with any aspect of any transaction contemplated hereby. 
 Section 10.17 Electronic Execution of
Assignments and Certain Other Documents. The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption or in any amendment or other modification hereof (including waivers
and consents) shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any
other similar state laws based on the Uniform Electronic Transactions Act. 
 Section 10.18 USA PATRIOT Act. Each Lender that is
subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law
October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will
allow such Lender or the Administrative Agent, as applicable, to identify each Loan Party in accordance with the Act. The Borrower shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other
information that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Act. 

Section 10.19 Time of the Essence. Time is of the essence of the Loan Documents. 

Section 10.20 ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENT’S REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES
AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

  
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 Section 10.21 Release of Liens and Guarantees. 

(a) Any Lien on any Collateral granted to or held by the Administrative Agent under any Loan Document shall automatically be
released, without the need for further action by any Person: (A) in connection with any transaction for which the Administrative Agent is authorized by the Lenders to release such Liens pursuant to Section 9.10 or (B) if
approved, authorized or ratified in writing in accordance with Section 10.01. 
 (b) The Administrative Agent
shall, without the need for any further action by any Person, subordinate or release any Lien on any Collateral granted to or held by the Administrative Agent under any Loan Document in connection with any transaction for which it is authorized by
the Lenders to subordinate or release such Lien pursuant to Section 9.10. 
 (c) Any Person shall automatically
be released, without the need for any further action by any Person, from its Guarantee obligations under any Loan Document if such Person ceases to be a Subsidiary or ceases to be required by the terms hereof to Guarantee the Secured Obligations.

 In each case as specified in this Section 10.21, the Administrative Agent will promptly execute and deliver to the applicable Loan Party such
documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under the Loan Documents or to subordinate its interest in such item, or to release such Loan
Party from its obligations under the Guaranty. 
 Section 10.22 Spin Off Transactions. Notwithstanding anything to the contrary
contained in this Agreement or the other Loan Documents, the Lenders hereby consent to the Spin Off Transactions. 
 [Remainder of Page
Intentionally Left Blank] 

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

			
	CHESAPEAKE OILFIELD OPERATING, L.L.C.
	 (to be known as SEVENTY SEVEN ENERGY INC.),

as Parent

		
	By:	 	/s/ Cary D. Baetz
	Name:	 	Cary D. Baetz
	Title:	 	Chief Financial Officer
	
	SEVENTY SEVEN OPERATING LLC,
	as Borrower
		
	By:	 	/s/ Cary D. Baetz
	Name:	 	Cary D. Baetz
	Title:	 	Chief Financial Officer

 Signature Page to Credit Agreement 

 
			
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	 /s/ Erik Truette

	Name:	 	Erik Truette
	Title:	 	Assistant Vice President

 Signature Page to Credit Agreement 

 
			
	BANK OF AMERICA, N.A., as Lender
		
	By:	 	 /s/ Ronald E. McKaig

	Name:	 	Ronald E. McKaig
	Title:	 	Managing Director

 Signature Page to Credit AgreementEX-10.6

 Exhibit 10.6 

[Execution] 
 CREDIT AGREEMENT

 by and among 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Administrative Agent 

WELLS FARGO BANK, NATIONAL ASSOCIATION 

and 
 BANK OF AMERICA,
N.A. 
 as Joint Lead Arrangers and Joint Book Runners 

BANK OF AMERICA, N.A. 

as Syndication Agent 

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, 

and 
 SUNTRUST
BANK, 
 as Co-Documentation Agents 

THE LENDERS THAT ARE PARTIES HERETO 

as the Lenders 
 NOMAC
DRILLING, L.L.C. 
 PERFORMANCE TECHNOLOGIES, L.L.C. 

GREAT PLAINS OILFIELD RENTAL, L.L.C. 

HODGES TRUCKING COMPANY, L.L.C. 

OILFIELD TRUCKING SOLUTIONS, L.L.C., 

as Borrowers 
 and

 CHESAPEAKE OILFIELD OPERATING, L.L.C. 

(to be known as SEVENTY SEVEN ENERGY INC.) 

SEVENTY SEVEN OPERATING LLC 

MID-STATES OILFIELD SUPPLY LLC 

SEVENTY SEVEN LAND COMPANY LLC 

PTL PROP SOLUTIONS, L.L.C. 

as Guarantors 
 Dated as
of June 25, 2014 

 Table of Contents 

 

									
	 	    	 	    	 	  	Page	 
			
	1.	    	 DEFINITIONS AND CONSTRUCTION.
	  	 	1	  
				
		    	 1.1
	    	 Definitions
	  	 	1	  
		    	 1.2
	    	 Accounting Terms
	  	 	1	  
		    	 1.3
	    	 Code
	  	 	2	  
		    	 1.4
	    	 Construction
	  	 	2	  
		    	 1.5
	    	 Time References
	  	 	3	  
		    	 1.6
	    	 Schedules and Exhibits
	  	 	3	  
			
	2.	    	 LOANS AND TERMS OF PAYMENT.
	  	 	3	  
				
		    	 2.1
	    	 Revolving Loans
	  	 	3	  
		    	 2.2
	    	 Borrowing Procedures and Settlements
	  	 	4	  
		    	 2.3
	    	 Payments; Reductions of Commitments; Prepayments
	  	 	10	  
		    	 2.4
	    	 Promise to Pay; Promissory Notes
	  	 	14	  
		    	 2.5
	    	 Interest Rates and Letter of Credit Fee: Rates, Payments, and Calculations
	  	 	14	  
		    	 2.6
	    	 Crediting Payments
	  	 	15	  
		    	 2.7
	    	 Designated Account
	  	 	16	  
		    	 2.8
	    	 Maintenance of Loan Account; Statements of Obligations
	  	 	16	  
		    	 2.9
	    	 Fees
	  	 	16	  
		    	 2.10
	    	 Letters of Credit
	  	 	17	  
		    	 2.11
	    	 LIBOR Option
	  	 	24	  
		    	 2.12
	    	 Capital Requirements
	  	 	26	  
		    	 2.13
	    	 Accordion
	  	 	27	  
		    	 2.14
	    	 Joint and Several Liability of Borrowers
	  	 	29	  
			
	3.	    	 CONDITIONS; TERM OF AGREEMENT.
	  	 	31	  
				
		    	 3.1
	    	 Conditions Precedent to the Initial Extension of Credit
	  	 	31	  
		    	 3.2
	    	 Conditions Precedent to all Extensions of Credit
	  	 	31	  
		    	 3.3
	    	 Maturity
	  	 	31	  
		    	 3.4
	    	 Effect of Maturity
	  	 	31	  
		    	 3.5
	    	 Early Termination by Borrowers
	  	 	32	  
		    	 3.6
	    	 Conditions Subsequent
	  	 	32	  
			
	4.	    	 REPRESENTATIONS AND WARRANTIES.
	  	 	32	  
				
		    	 4.1
	    	 Due Organization and Qualification; Subsidiaries
	  	 	32	  
		    	 4.2
	    	 Due Authorization; No Conflict
	  	 	33	  
		    	 4.3
	    	 Governmental Consents
	  	 	33	  
		    	 4.4
	    	 Binding Obligations; Perfected Liens
	  	 	33	  
		    	 4.5
	    	 Title to Assets; No Encumbrances
	  	 	34	  
		    	 4.6
	    	 Litigation
	  	 	34	  
		    	 4.7
	    	 Compliance with Laws
	  	 	34	  
		    	 4.8
	    	 No Material Adverse Effect
	  	 	34	  
		    	 4.9
	    	 Solvency
	  	 	34	  
		    	 4.10
	    	 Employee Benefits
	  	 	34	  
		    	 4.11
	    	 Environmental Condition
	  	 	35	  
		    	 4.12
	    	 Complete Disclosure
	  	 	35	  
		    	 4.13
	    	 Patriot Act
	  	 	36	  

  
 (i) 

									
		    	 4.14
	    	 Indebtedness
	  	 	36	  
		    	 4.15
	    	 Payment of Taxes
	  	 	36	  
		    	 4.16
	    	 Margin Stock
	  	 	36	  
		    	 4.17
	    	 Governmental Regulation
	  	 	36	  
		    	 4.18
	    	 OFAC
	  	 	36	  
		    	 4.19
	    	 Employee and Labor Matters
	  	 	37	  
		    	 4.20
	    	 Material Contracts
	  	 	37	  
		    	 4.21
	    	 Eligible Accounts; Eligible Unbilled Accounts
	  	 	37	  
		    	 4.22
	    	 Intellectual Property
	  	 	37	  
		    	 4.23
	    	 Spin Off Documents
	  	 	37	  
		    	 4.24
	    	 Insurance
	  	 	38	  
		    	 4.25
	    	 No Default
	  	 	38	  
			
	5.	    	 AFFIRMATIVE COVENANTS.
	  	 	38	  
				
		    	 5.1
	    	 Financial Statements, Reports, Certificates
	  	 	38	  
		    	 5.2
	    	 Reporting
	  	 	38	  
		    	 5.3
	    	 Existence
	  	 	38	  
		    	 5.4
	    	 Maintenance of Properties
	  	 	38	  
		    	 5.5
	    	 Taxes
	  	 	39	  
		    	 5.6
	    	 Insurance
	  	 	39	  
		    	 5.7
	    	 Inspection
	  	 	39	  
		    	 5.8
	    	 Compliance with Laws
	  	 	40	  
		    	 5.9
	    	 Environmental
	  	 	40	  
		    	 5.10
	    	 [Intentionally Omitted
	  	 	40	  
		    	 5.11
	    	 Formation of Subsidiaries
	  	 	40	  
		    	 5.12
	    	 Further Assurances
	  	 	41	  
		    	 5.13
	    	 Lender Meetings
	  	 	41	  
		    	 5.14
	    	 Collateral Access Agreements
	  	 	41	  
		    	 5.15
	    	 Permits; Licenses
	  	 	41	  
		    	 5.16
	    	 New Locations of Books and Records
	  	 	41	  
			
	6.	    	 NEGATIVE COVENANTS.
	  	 	41	  
				
		    	 6.1
	    	 Indebtedness
	  	 	41	  
		    	 6.2
	    	 Liens
	  	 	42	  
		    	 6.3
	    	 Restrictions on Fundamental Changes
	  	 	42	  
		    	 6.4
	    	 Disposal of Assets
	  	 	42	  
		    	 6.5
	    	 Nature of Business
	  	 	42	  
		    	 6.6
	    	 Prepayments and Amendments
	  	 	42	  
		    	 6.7
	    	 Restricted Payments
	  	 	43	  
		    	 6.8
	    	 Accounting Methods
	  	 	44	  
		    	 6.9
	    	 Investments
	  	 	44	  
		    	 6.10
	    	 Transactions with Affiliates
	  	 	45	  
		    	 6.11
	    	 Use of Proceeds
	  	 	45	  
		    	 6.12
	    	 Limitation on Issuance of Equity Interests
	  	 	45	  
		    	 6.13
	    	 Restrictions Affecting Subsidiaries
	  	 	45	  
			
	7.	    	 FINANCIAL COVENANT.
	  	 	47	  
				
		    	 7.1
	    	 Fixed Charge Coverage Ratio
	  	 	47	  
			
	8.	    	 EVENTS OF DEFAULT.
	  	 	48	  
				
		    	 8.1
	    	 Payments
	  	 	48	  

  
 (ii) 

									
		    	 8.2
	    	 Covenants
	  	 	48	  
		    	 8.3
	    	 Judgments
	  	 	49	  
		    	 8.4
	    	 Voluntary Bankruptcy, etc
	  	 	49	  
		    	 8.5
	    	 Involuntary Bankruptcy, etc
	  	 	49	  
		    	 8.6
	    	 Default Under Other Agreements
	  	 	49	  
		    	 8.7
	    	 Representations, etc
	  	 	49	  
		    	 8.8
	    	 Guaranty
	  	 	49	  
		    	 8.9
	    	 Security Documents
	  	 	49	  
		    	 8.10
	    	 Loan Documents
	  	 	50	  
		    	 8.11
	    	 Change of Control
	  	 	50	  
		    	 8.12
	    	 ERISA Event
	  	 	50	  
		    	 8.13
	    	 Injunction; Suspension of Business
	  	 	50	  
			
	9.	    	 RIGHTS AND REMEDIES.
	  	 	50	  
				
		    	 9.1
	    	 Rights and Remedies
	  	 	50	  
		    	 9.2
	    	 Remedies Cumulative
	  	 	51	  
			
	10.	    	 WAIVERS; INDEMNIFICATION.
	  	 	51	  
				
		    	 10.1
	    	 Demand; Protest; etc
	  	 	51	  
		    	 10.2
	    	 The Lender Group’s Liability for Collateral
	  	 	51	  
		    	 10.3
	    	 Indemnification
	  	 	52	  
			
	11.	    	 NOTICES.
	  	 	53	  
			
	12.	    	 CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER; JUDICIAL REFERENCE PROVISION.
	  	 	54	  
			
	13.	    	 ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS.
	  	 	55	  
				
		    	 13.1
	    	 Assignments and Participations
	  	 	55	  
		    	 13.2
	    	 Successors
	  	 	58	  
			
	14.	    	 AMENDMENTS; WAIVERS.
	  	 	59	  
				
		    	 14.1
	    	 Amendments and Waivers
	  	 	59	  
		    	 14.2
	    	 Replacement of Certain Lenders
	  	 	61	  
		    	 14.3
	    	 No Waivers; Cumulative Remedies
	  	 	61	  
			
	15.	    	 AGENT; THE LENDER GROUP.
	  	 	61	  
				
		    	 15.1
	    	 Appointment and Authorization of Agent
	  	 	61	  
		    	 15.2
	    	 Delegation of Duties
	  	 	62	  
		    	 15.3
	    	 Liability of Agent
	  	 	62	  
		    	 15.4
	    	 Reliance by Agent
	  	 	63	  
		    	 15.5
	    	 Notice of Default or Event of Default
	  	 	63	  
		    	 15.6
	    	 Credit Decision
	  	 	63	  
		    	 15.7
	    	 Costs and Expenses; Indemnification
	  	 	64	  
		    	 15.8
	    	 Agent in Individual Capacity
	  	 	64	  
		    	 15.9
	    	 Successor Agent
	  	 	65	  
		    	 15.10
	    	 Lender in Individual Capacity
	  	 	66	  
		    	 15.11
	    	 Collateral Matters
	  	 	66	  
		    	 15.12
	    	 Restrictions on Actions by Lenders; Sharing of Payments
	  	 	68	  
		    	 15.13
	    	 Agency for Perfection
	  	 	68	  
		    	 15.14
	    	 Payments by Agent to the Lenders
	  	 	68	  
		    	 15.15
	    	 Concerning the Collateral and Related Loan Documents
	  	 	68	  

  
 (iii) 

									
		    	 15.16
	    	 Field Examination Reports; Confidentiality; Disclaimers by Lenders; Other Reports and Information
	  	 	69	  
		    	 15.17
	    	 Several Obligations; No Liability
	  	 	70	  
		    	 15.18
	    	 Joint Lead Arrangers, Syndication Agent, and Co-Documentation Agents
	  	 	70	  
			
	16.	    	 WITHHOLDING TAXES.
	  	 	70	  
				
		    	 16.1
	    	 Payments
	  	 	70	  
		    	 16.2
	    	 Exemptions
	  	 	71	  
		    	 16.3
	    	 Reductions
	  	 	72	  
		    	 16.4
	    	 Refunds
	  	 	73	  
			
	17.	    	 GENERAL PROVISIONS.
	  	 	73	  
				
		    	 17.1
	    	 Effectiveness
	  	 	73	  
		    	 17.2
	    	 Section Headings
	  	 	73	  
		    	 17.3
	    	 Interpretation
	  	 	73	  
		    	 17.4
	    	 Severability of Provisions
	  	 	73	  
		    	 17.5
	    	 Bank Product Providers
	  	 	73	  
		    	 17.6
	    	 Debtor-Creditor Relationship
	  	 	74	  
		    	 17.7
	    	 Counterparts; Electronic Execution
	  	 	74	  
		    	 17.8
	    	 Revival and Reinstatement of Obligations; Certain Waivers
	  	 	74	  
		    	 17.9
	    	 Confidentiality
	  	 	75	  
		    	 17.10
	    	 Survival
	  	 	76	  
		    	 17.11
	    	 Patriot Act
	  	 	76	  
		    	 17.12
	    	 Integration
	  	 	77	  
		    	 17.13
	    	 Administrative Loan Party as Agent
	  	 	77	  
		    	 17.14
	    	 Spin Off Transactions
	  	 	77	  

  
 (iv) 

 EXHIBITS AND SCHEDULES 

 

			
	Exhibit A-1	 	Form of Assignment and Acceptance
	Exhibit B-1	 	Form of Borrowing Base Certificate
	Exhibit B-2	 	Form of Bank Product Provider Agreement
	Exhibit C-1	 	Form of Compliance Certificate
	Exhibit L-1	 	Form of LIBOR Notice
	Exhibit P-1	 	Form of Perfection Certificate
		
	Schedule A-1	 	Agent’s Account
	Schedule A-2	 	Authorized Persons
	Schedule C-1	 	Commitments
	Schedule D-1	 	Designated Account
	Schedule P-1	 	Permitted Investments
	Schedule P-2	 	Permitted Liens
	Schedule 1.1	 	Definitions
	Schedule 1.1(i)	 	Immaterial Subsidiaries
	Schedule 1.1(iv)	 	Spin Off Steps
	Schedule 3.1	 	Conditions Precedent
	Schedule 3.6	 	Conditions Subsequent
	Schedule 4.1(b)	 	Capitalization of Loan Parties and Subsidiaries
	Schedule 4.1(c)	 	Subscriptions, Options, Warrants, Calls
	Schedule 4.14	 	Specified Indebtedness
	Schedule 5.1	 	Financial Statements, Reports, Certificates
	Schedule 5.2	 	Collateral Reporting
	Schedule 6.1	 	Permitted Indebtedness

  
 -i- 

 CREDIT AGREEMENT 

THIS CREDIT AGREEMENT (this “Agreement”), is entered into as of June 25, 2014, by and among the lenders identified on
the signature pages hereof (each of such lenders, together with its successors and permitted assigns, is referred to hereinafter as a “Lender”, as that term is hereinafter further defined), WELLS FARGO BANK, NATIONAL ASSOCIATION, a
national banking association, as administrative agent and collateral agent for each member of the Lender Group and the Bank Product Providers (in such capacity, together with its successors and assigns in such capacity, “Agent”),
WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, and BANK OF AMERICA, N.A., a national banking association, as joint lead arrangers and joint lead book runners (in such capacity, together with their successors and assigns in
such capacity, the “Joint Lead Arrangers”), BANK OF AMERICA, N.A., as syndication agent (in such capacity, the “Syndication Agent”), CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK and SUNTRUST BANK, as
co-documentation agents (in such capacities, the “Co-Documentation Agents”), NOMAC DRILLING, L.L.C., an Oklahoma limited liability company (“Nomac”), PERFORMANCE TECHNOLOGIES, L.L.C., an Oklahoma limited liability
company (“PTL”), GREAT PLAINS OILFIELD RENTAL, L.L.C., an Oklahoma limited liability company (“GPOR”), HODGES TRUCKING COMPANY, L.L.C., (“Hodges”), OILFIELD TRUCKING SOLUTIONS, L.L.C., an Oklahoma
limited liability company (“OTS”, together with Nomac, PTL, GPOR, Hodges and any other Person that at any time after the date hereof becomes a Borrower, are referred to hereinafter each individually as a “Borrower”,
and individually and collectively, jointly and severally, as the “Borrowers”), CHESAPEAKE OILFIELD OPERATING, L.L.C., an Oklahoma limited liability company to be known as SEVENTY SEVEN ENERGY INC., an Oklahoma corporation, following
the Conversion (“Parent”), SEVENTY SEVEN OPERATING LLC, an Oklahoma limited liability company (“SSO”), MID-STATES OILFIELD SUPPLY LLC, an Oklahoma limited liability company (“MSOS”), SEVENTY SEVEN
LAND COMPANY LLC, an Oklahoma limited liability company (“SSLC”), PTL PROP SOLUTIONS, L.L.C., an Oklahoma limited liability company (“PTL Prop” and, together with Parent, SSO, MSOS, SSLC and any other Person that at
any time after the date hereof becomes a Guarantor are referred to hereafter each individually as a “Guarantor” and individually and collectively, jointly and severally, as the “Guarantors”). 

The parties agree as follows: 
  

	1.	DEFINITIONS AND CONSTRUCTION. 

 1.1 Definitions. Capitalized terms used in
this Agreement shall have the meanings specified therefor on Schedule 1.1. 
 1.2 Accounting Terms. All accounting
terms not specifically defined herein shall be construed in accordance with GAAP; provided, that, if Parent notifies Agent that it requests an amendment to any provision hereof to eliminate the effect of any Accounting Change occurring
after the Closing Date or in the application thereof on the operation of such provision (or if Agent notifies Parent that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is
given before or after such Accounting Change or in the application thereof, then Agent and Loan Parties agree that they will negotiate in good faith amendments to the provisions of this Agreement that are directly affected by such Accounting Change
with the intent of having the respective positions of the Lenders and Loan Parties after such Accounting Change conform as nearly as possible to their respective positions as of the date of this Agreement and, until any such amendments have been
agreed upon and agreed to by the Required Lenders, the provisions in this Agreement shall be calculated as if no such Accounting Change had occurred. When used herein, the term “financial statements” shall include the notes and schedules
thereto. Whenever the term “Parent” is used in respect 

 
of a GAAP financial statement determination, financial covenant, financial calculation or financial ratio, or a related definition, it shall be understood to mean Parent and its Subsidiaries on a
consolidated basis, unless the context clearly requires otherwise. Notwithstanding anything to the contrary contained herein, (a) all financial statements delivered hereunder shall be prepared, and all financial covenants contained herein shall
be calculated, without giving effect to any election under the Statement of Financial Accounting Standards No. 159 (or any similar accounting principle) permitting a Person to value its financial liabilities or Indebtedness at the fair value
thereof, and (b) the term “unqualified opinion” as used herein to refer to opinions or reports provided by accountants shall mean an opinion or report that is (i) unqualified, and (ii) does not include any explanation,
supplemental comment, or other comment concerning the ability of the applicable Person to continue as a going concern or concerning the scope of the audit 

1.3 Code. Any terms used in this Agreement that are defined in the Code shall be construed and defined as set forth in the Code
unless otherwise defined herein; provided, that, to the extent that the Code is used to define any term herein and such term is defined differently in different Articles of the Code, the definition of such term contained in Article 9
of the Code shall govern. 
 1.4 Construction. Unless the context of this Agreement or any other Loan Document clearly
requires otherwise, references to the plural include the singular, references to the singular include the plural, the terms “includes” and “including” are not limiting, and the term “or” has, except
where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Agreement or any other Loan
Document refer to this Agreement or such other Loan Document, as the case may be, as a whole and not to any particular provision of this Agreement or such other Loan Document, as the case may be. Section, subsection, clause, schedule, and exhibit
references herein are to this Agreement unless otherwise specified. Any reference in this Agreement or in any other Loan Document to any agreement, instrument, or document shall include all alterations, amendments, changes, extensions,
modifications, renewals, replacements, substitutions, joinders, and supplements, thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments, changes, extensions, modifications, renewals, replacements,
substitutions, joinders, and supplements set forth herein). The words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties. Any
reference herein or in any other Loan Document to the satisfaction, repayment, or payment in full of the Obligations shall mean (a) the payment or repayment in full in immediately available funds of (i) the principal amount of, and
interest accrued and unpaid with respect to, all outstanding Loans, together with the payment of any premium applicable to the repayment of the Loans, (ii) all Lender Group Expenses that have accrued and are unpaid regardless of whether demand
has been made therefor, (iii) all fees or charges that have accrued hereunder or under any other Loan Document (including the Letter of Credit Fee and the Unused Line Fee) and are unpaid, (b) in the case of contingent reimbursement
obligations with respect to outstanding Letters of Credit, providing Letter of Credit Collateralization or taking other actions that are satisfactory to the applicable Issuing Bank, (c) the payment or repayment in full in immediately available
funds of all other outstanding Obligations (including the payment of any termination amount then applicable (or which would or could become applicable as a result of the repayment of the other Obligations) under Hedge Agreements provided by Hedge
Providers) other than (i) unasserted contingent indemnification Obligations, (ii) Bank Product Obligations (other than Hedge Obligations) and (iii) any Hedge Obligations that, at such time, are allowed by the applicable Hedge Provider
to remain outstanding without being required to be repaid, and (d) the termination of all of the Commitments of the Lenders. Any reference herein to any Person shall be construed to include such Person’s successors and assigns. Any
requirement of a writing contained herein or in any other Loan Document shall be satisfied by the transmission of a Record. 

  
 2 

 1.5 Time References. Unless the context of this Agreement or any other Loan
Document clearly requires otherwise, all references to time of day refer to Eastern standard time or Eastern daylight saving time, as in effect in New York, New York on such day. For purposes of the computation of a period of time from a specified
date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each means “to and including”; provided that, with respect to a computation of fees or
interest payable to Agent or any Lender, such period shall in any event consist of at least one (1) full day. 
 1.6 Schedules
and Exhibits. All of the schedules and exhibits attached to this Agreement shall be deemed incorporated herein by reference. 
  

	2.	LOANS AND TERMS OF PAYMENT. 

 2.1 Revolving Loans. 

(a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Revolving Lender agrees (severally, not
jointly or jointly and severally) to make revolving loans (“Revolving Loans”) to Borrowers in an amount at any one time outstanding not to exceed the lesser of: 

(i) such Lender’s Revolver Commitment, or 

(ii) such Lender’s Pro Rata Share of an amount equal to the lesser of: 

(A) the amount equal to (1) the Maximum Revolver Amount less (2) the sum of (y) the Letter of Credit Usage at such time, plus
(z) the principal amount of Swing Loans outstanding at such time, and 
 (B) the amount equal to (1) the Borrowing Base as of
such date (based upon the most recent Borrowing Base Certificate delivered by Borrowers to Agent) less (2) the sum of (x) the Letter of Credit Usage at such time, plus (y) the principal amount of Swing Loans outstanding at such time.

 (b) Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to the terms and conditions of this Agreement,
reborrowed at any time during the term of this Agreement. The outstanding principal amount of the Revolving Loans, together with interest accrued and unpaid thereon, shall constitute Obligations and shall be due and payable on the Maturity Date or,
if earlier, on the date on which they are declared due and payable pursuant to the terms of this Agreement. 
 (c) Agent will have the right
to establish or modify Reserves in its Permitted Discretion. The amount of any Reserve established by Agent shall have a reasonable relationship to the event, condition or other matter which is the basis for such Reserve as determined by Agent in
its Permitted Discretion and to the extent that such Reserve is in respect of amounts that may be payable to third parties Agent may deduct such Reserve from the Maximum Revolver Amount at any time that the Maximum Revolver Amount is less than the
amount of the Borrowing Base. To the extent that an event, condition or matter as to any Eligible Account, Eligible Unbilled Account or Qualified Cash is addressed pursuant to the treatment thereof within the definition of such term, Agent shall not
also establish a Reserve to address the same event, condition or matter. Agent will provide three (3) Business Days prior notice to Administrative Loan Party before Agent establishes any new categories of Reserves after the Closing Date and
will consult with Administrative Loan Party in connection with the basis for such new categories of Reserves to the extent Administrative Loan Party is available in a reasonably timely manner, provided, that the failure to consult with
Administrative Loan Party shall not limit Agent’s right to implement such Reserve following such three (3) Business Day period. 

  
 3 

 2.2 Borrowing Procedures and Settlements. 

(a) Procedure for Borrowing Loans. Each Borrowing shall be made by a written request (including by electronic mail or telefacsimile) by
an Authorized Person delivered to Agent and received by Agent no later than 12:00 noon (i) on the Business Day that is the requested Funding Date in the case of a request for a Swing Loan, and (ii) on the Business Day that is one
(1) Business Day prior to the requested Funding Date in the case of all other requests (subject to Section 2.11(b)(i) with respect to the LIBOR Option), specifying (A) the amount of such Borrowing, (B) the requested Funding Date
(which shall be a Business Day) and (C) at Borrowers’ option, whether such Borrowing shall be made as a Revolving Loan or a Swing Loan; provided, that, Agent may, in its sole discretion, elect to accept as timely requests
that are received later than 12:00 noon on the applicable Business Day, it being understood that the request for Borrowings of Base Rate Loans in an aggregate principal amount not to exceed $100,000,000 to be made on the Closing Date shall be
received as timely so long as it is made at any time prior to 12:00 p.m. on the effective date of this Agreement. At Agent’s election, in lieu of delivering the above-described written request, any Authorized Person of the Administrative Loan
Party may give Agent telephonic notice of such request by the required time. In such circumstances, Borrowers agree that any such telephonic notice will be confirmed in writing within 24 hours of the giving of such telephonic notice, but the failure
to provide such written confirmation shall not affect the validity of the request. 
 (b) Making of Swing Loans. In the case of a
request for a Swing Loan and so long as the aggregate amount of Swing Loans made since the last Settlement Date, minus all payments or other amounts applied to Swing Loans since the last Settlement Date, plus the amount of the requested Swing Loan
does not exceed the Swing Loan Sublimit, Swing Lender shall make a Revolving Loan (any such Revolving Loan made by Swing Lender pursuant to this Section 2.2(b) being referred to as a “Swing Loan” and all such Revolving
Loans being referred to as “Swing Loans”) available to Borrowers on the Funding Date applicable thereto by transferring immediately available funds in the amount of such requested Borrowing to the Designated Account. Each Swing Loan
shall be deemed to be a Revolving Loan hereunder and shall be subject to all the terms and conditions (including Section 3) applicable to other Revolving Loans; except, that, all payments (including interest) on any Swing
Loan shall be payable to Swing Lender solely for its own account. Subject to the provisions of Section 2.2(d)(ii), Swing Lender shall not make and shall not be obligated to make any Swing Loan if Swing Lender has actual knowledge that
(i) one or more of the applicable conditions precedent set forth in Section 3 will not be satisfied on the requested Funding Date for the applicable Borrowing, or (ii) the requested Borrowing would exceed the Excess
Availability on such Funding Date. Swing Lender shall not otherwise be required to determine whether the applicable conditions precedent set forth in Section 3 have been satisfied on the Funding Date applicable thereto prior to making
any Swing Loan. The Swing Loans shall be secured by Agent’s Liens, constitute Revolving Loans and Obligations, and bear interest at the rate applicable from time to time to Revolving Loans that are Base Rate Loans. 

(c) Making of Revolving Loans other than Swing Loans. 

(i) After receipt of a request for a Borrowing pursuant to Section 2.2(a) requesting a Revolving Loan that is not a Swing Loan,
Agent shall notify the Lenders by telecopy, telephone, email, or other electronic form of transmission, of the requested Borrowing; such notification to be sent on the Business Day that is one (1) Business Day prior to the requested Funding
Date. If Agent has notified the Lenders of a requested Borrowing on the Business Day that is one (1) Business Day prior to the Funding Date, then each Lender shall make the amount of such Lender’s Pro Rata Share of the

  
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requested Borrowing available to Agent in immediately available funds, to Agent’s Account, not later than 10:00 a.m. on the Business Day that is the requested Funding Date. After
Agent’s receipt of the proceeds of such Revolving Loans from the Lenders, Agent shall make the proceeds thereof available to Borrowers on the applicable Funding Date by transferring immediately available funds equal to such proceeds received by
Agent to the Designated Account; provided, that, subject to the provisions of Section 2.2(d)(ii), no Lender shall have an obligation to make any Revolving Loan, if (1) one or more of the applicable conditions precedent
set forth in Section 3 will not be satisfied on the requested Funding Date for the applicable Borrowing unless such condition has been waived, or (2) the requested Borrowing would exceed the Excess Availability on such Funding Date.

 (ii) Unless Agent receives notice from a Lender prior to 9:30 a.m. on the Business Day that is the requested Funding Date relative to a
requested Borrowing as to which Agent has notified the Lenders of a requested Borrowing that such Lender will not make available as and when required hereunder to Agent for the account of Borrowers the amount of that Lender’s Pro Rata Share of
the Borrowing, Agent may assume that each Lender has made or will make such amount available to Agent in immediately available funds on the Funding Date and Agent may (but shall not be so required), in reliance upon such assumption, make available
to Borrowers a corresponding amount. If, on the requested Funding Date, any Lender shall not have remitted the full amount that it is required to make available to Agent in immediately available funds and if Agent has made available to Borrowers
such amount on the requested Funding Date, then such Lender shall make the amount of such Lender’s Pro Rata Share of the requested Borrowing available to Agent in immediately available funds, to Agent’s Account, no later than 10:00 a.m. on
the Business Day that is the first (1st) Business Day after the requested Funding Date (in which case, the interest accrued on such Lender’s portion of such Borrowing for the Funding
Date shall be for Agent’s separate account). If any Lender shall not remit the full amount that it is required to make available to Agent in immediately available funds as and when required hereby and if Agent has made available to Borrowers
such amount, then that Lender shall be obligated to immediately remit such amount to Agent, together with interest at the Defaulting Lender Rate for each day until the date on which such amount is so remitted. A notice submitted by Agent to any
Lender with respect to amounts owing under this Section 2.2(c)(ii) shall be conclusive, absent manifest error. If the amount that a Lender is required to remit is made available to Agent, then such payment to Agent shall constitute such
Lender’s Revolving Loan for all purposes of this Agreement. If such amount is not made available to Agent on the Business Day following the Funding Date, Agent will notify Borrowers of such failure to fund and, upon demand by Agent, Borrowers
shall pay such amount to Agent for Agent’s account, together with interest thereon for each day elapsed since the date of such Borrowing, at a rate per annum equal to the interest rate applicable at the time to the Revolving Loans composing
such Borrowing. 
 (d) Protective Advances and Optional Overadvances. 

(i) Any contrary provision of this Agreement or any other Loan Document notwithstanding, but subject to Section 2.2(d)(iv), at
any time (A) after the occurrence and during the continuance of a Default or an Event of Default, or (B) that any of the other applicable conditions precedent set forth in Section 3 are not satisfied, Agent hereby is authorized
by Borrowers and the Lenders, from time to time, in Agent’s sole discretion, to make Revolving Loans to, or for the benefit of, Borrowers, on behalf of the Revolving Lenders, that Agent, in its Permitted Discretion, deems necessary or desirable
(1) to preserve or protect the Collateral, or any portion thereof, or (2) to enhance the likelihood of repayment of the Obligations (other than the Bank Product Obligations) (the Revolving Loans described in this
Section 2.2(d)(i) shall be referred to as “Protective Advances”). Notwithstanding the foregoing, the aggregate amount of all Protective Advances outstanding at any one time shall not exceed ten (10%) percent of the
Maximum Revolver Amount. 

  
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 (ii) Any contrary provision of this Agreement or any other Loan Document notwithstanding, but
subject to Section 2.2(d)(iv), the Lenders hereby authorize Agent or Swing Lender, as applicable, and either Agent or Swing Lender, as applicable, may, but is not obligated to, knowingly and intentionally, continue to make Revolving
Loans (including Swing Loans) to Borrowers notwithstanding that an Overadvance exists or would be created thereby, so long as (A) after giving effect to such Revolving Loans, the outstanding Revolver Usage does not exceed the Borrowing Base by
more than ten (10%) percent and (B) after giving effect to such Revolving Loans, the outstanding Revolver Usage (except for and excluding amounts charged to the Loan Account for interest, fees, or Lender Group Expenses) does not exceed the
Maximum Revolver Amount. In the event Agent obtains actual knowledge that an Overadvance exists, regardless of the amount of, or reason for, such Overadvance, Agent shall notify the Lenders as soon as practicable (and prior to making any (or any
additional) intentional Overadvances (except for and excluding amounts charged to the Loan Account for interest, fees, or Lender Group Expenses) unless Agent determines that prior notice would result in imminent harm to the Collateral or its value,
in which case Agent may make such Overadvances and provide notice as promptly as practicable thereafter), and the Lenders with Revolver Commitments thereupon shall, together with Agent, jointly determine the terms of arrangements that shall be
implemented with Borrowers intended to reduce, within thirty (30) days, the outstanding principal amount of the Revolving Loans to Borrowers to an amount permitted by the preceding sentence. In such circumstances, if any Lender with a Revolver
Commitment objects to the proposed terms of reduction or repayment of any Overadvance, the terms of reduction or repayment thereof shall be implemented according to the determination of the Required Lenders. The foregoing provisions are meant for
the benefit of the Lenders and Agent and are not meant for the benefit of Borrowers, which shall continue to be bound by the provisions of Section 2.3(e)(i). Each Lender with a Revolver Commitment shall be obligated to settle with Agent
as provided in Section 2.2(e) (or Section 2.2(g), as applicable) for the amount of such Lender’s Pro Rata Share of any unintentional Overadvances by Agent reported to such Lender, any intentional Overadvances made as
permitted under this Section 2.2(d)(ii), and any Overadvances resulting from the charging to the Loan Account of interest, fees, or Lender Group Expenses. 

(iii) Each Protective Advance and each Overadvance (each, an “Extraordinary Advance”) shall be deemed to be a Revolving Loan
hereunder; except, that, no Extraordinary Advance shall be eligible to be a LIBOR Rate Loan and, prior to Settlement therefor, all payments on the Extraordinary Advances shall be payable to Agent solely for its own account. The
Extraordinary Advances shall be repayable on demand, be secured by Agent’s Liens, constitute Obligations hereunder, and bear interest at the rate applicable from time to time to Revolving Loans that are Base Rate Loans. The provisions of this
Section 2.2(d) are for the exclusive benefit of Agent, Swing Lender, and the Lenders and are not intended to benefit Borrowers (or any other Loan Party) in any way. 

(iv) Notwithstanding anything contained in this Agreement or any other Loan Document to the contrary: (A) no Extraordinary Advance may
be made by Agent if such Extraordinary Advance would cause the aggregate principal amount of Extraordinary Advances outstanding to exceed an amount equal to ten (10%) percent of the Maximum Revolver Amount; and (B) no Extraordinary Advance
may be made if such Extraordinary Advance causes the aggregate Revolver Usage to exceed the Maximum Revolver Amount. 

  
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 (e) Settlement. It is agreed that each Lender’s funded portion of the Revolving Loans
is intended by the Lenders to equal, at all times, such Lender’s Pro Rata Share of the outstanding Revolving Loans. Such agreement notwithstanding, Agent, Swing Lender, and the other Lenders agree (which agreement shall not be for the benefit
of Borrowers) that in order to facilitate the administration of this Agreement and the other Loan Documents, settlement among the Lenders as to the Revolving Loans, the Swing Loans, and the Extraordinary Advances shall take place on a periodic basis
in accordance with the following provisions: 
 (i) Agent shall request settlement (“Settlement”) with the Lenders on a
weekly basis, or on a more frequent basis if so determined by Agent in its sole discretion (A) on behalf of Swing Lender, with respect to the outstanding Swing Loans, (B) for itself, with respect to the outstanding Extraordinary Advances,
and (C) with respect to Parent’s or any of its Subsidiaries’ payments or other amounts received, as to each by notifying the Lenders by telecopy, telephone, or other similar form of transmission, of such requested Settlement, no later
than 2:00 p.m. on the Business Day immediately prior to the date of such requested Settlement (the date of such requested Settlement being the “Settlement Date”). Such notice of a Settlement Date shall include a summary statement of
the amount of outstanding Revolving Loans, Swing Loans, and Extraordinary Advances for the period since the prior Settlement Date. Subject to the terms and conditions contained herein (including Section 2.2(g)): (1) if the amount of
the Revolving Loans (including Swing Loans, and Extraordinary Advances) made by a Lender that is not a Defaulting Lender exceeds such Lender’s Pro Rata Share of the Revolving Loans (including Swing Loans, and Extraordinary Advances) as of a
Settlement Date, then Agent shall, by no later than 12:00 p.m. on the Settlement Date, transfer in immediately available funds to a Deposit Account of such Lender (as such Lender may designate), an amount such that each such Lender shall, upon
receipt of such amount, have as of the Settlement Date, its Pro Rata Share of the Revolving Loans (including Swing Loans, and Extraordinary Advances), and (2) if the amount of the Revolving Loans (including Swing Loans, and Extraordinary
Advances) made by a Lender is less than such Lender’s Pro Rata Share of the Revolving Loans (including Swing Loans, and Extraordinary Advances) as of a Settlement Date, such Lender shall no later than 12:00 p.m. on the Settlement Date transfer
in immediately available funds to Agent’s Account, an amount such that each such Lender shall, upon transfer of such amount, have as of the Settlement Date, its Pro Rata Share of the Revolving Loans (including Swing Loans and Extraordinary
Advances). Such amounts made available to Agent under clause (2) of the immediately preceding sentence shall be applied against the amounts of the applicable Swing Loans or Extraordinary Advances and, together with the portion of such Swing
Loans or Extraordinary Advances representing Swing Lender’s Pro Rata Share thereof, shall constitute Revolving Loans of such Lenders. If any such amount is not made available to Agent by any Lender on the Settlement Date applicable thereto to
the extent required by the terms hereof, Agent shall be entitled to recover for its account such amount on demand from such Lender together with interest thereon at the Defaulting Lender Rate. 

(ii) In determining whether a Lender’s balance of the Revolving Loans, Swing Loans, and Extraordinary Advances is less than, equal to,
or greater than such Lender’s Pro Rata Share of the Revolving Loans, Swing Loans, and Extraordinary Advances as of a Settlement Date, Agent shall, as part of the relevant Settlement, apply to such balance the portion of payments actually
received in good funds by Agent with respect to principal, interest, fees payable by Borrowers and allocable to the Lenders hereunder, and proceeds of Collateral. 

(iii) Between Settlement Dates, Agent, to the extent Extraordinary Advances or Swing Loans are outstanding, may pay over to Agent or Swing
Lender, as applicable, any payments or other amounts received by Agent, that in accordance with the terms of this Agreement would be applied to the reduction of the Revolving Loans, for application to the Extraordinary Advances or Swing Loans.
Between Settlement Dates, Agent, to the extent no Extraordinary Advances or Swing Loans are outstanding, may pay over to Swing Lender any payments or other amounts received by Agent, that in accordance with the terms of this Agreement would be
applied to the reduction of the Revolving Loans, for application to Swing Lender’s Pro Rata Share of the Revolving Loans. If, as of any Settlement Date, payments or other amounts of Parent or its Subsidiaries received since the then immediately
preceding Settlement Date have been applied to Swing Lender’s Pro Rata Share of the Revolving Loans other than to Swing Loans, as provided for in the previous sentence, Swing Lender shall pay to Agent for the accounts of the Lenders, and Agent
shall pay to the Lenders (other than a Defaulting Lender if Agent has implemented the provisions of Section 2.2(g)), to be applied to the outstanding Revolving Loans of such Lenders, an amount such that each such Lender shall, upon
receipt of such amount, have, as of such 

  
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Settlement Date, its Pro Rata Share of the Revolving Loans. During the period between Settlement Dates, Swing Lender with respect to Swing Loans, Agent with respect to Extraordinary Advances, and
each Lender with respect to the Revolving Loans other than Swing Loans and Extraordinary Advances, shall be entitled to interest at the applicable rate or rates payable under this Agreement on the daily amount of funds employed by Swing Lender,
Agent, or the Lenders, as applicable. 
 (iv) Anything in this Section 2.2(e) to the contrary notwithstanding, in the event
that a Lender is a Defaulting Lender, Agent shall be entitled to refrain from remitting settlement amounts to the Defaulting Lender and, instead, shall be entitled to elect to implement the provisions set forth in Section 2.2(g). 

(f) Notation. Agent, as a non-fiduciary agent for Borrowers, shall maintain a register showing the principal amount of the Revolving
Loans, owing to each Lender, including the Swing Loans owing to Swing Lender, and Extraordinary Advances owing to Agent, and the interests therein of each Lender, from time to time and such register shall, absent manifest error, conclusively be
presumed to be correct and accurate. 
 (g) Defaulting Lenders. 

(i) Notwithstanding the provisions of Section 2.3(b)(ii), Agent shall not be obligated to transfer to a Defaulting Lender any
payments made by Borrowers to Agent for the Defaulting Lender’s benefit or any proceeds of Collateral that would otherwise be remitted hereunder to the Defaulting Lender, and, in the absence of such transfer to the Defaulting Lender, Agent
shall transfer any such payments (A) first, to Swing Lender to the extent of any Swing Loans that were made by Swing Lender and that were required to be, but were not, paid by the Defaulting Lender, (B) second,
to Issuing Bank, to the extent of the portion of a Letter of Credit Disbursement that was required to be, but was not, paid by the Defaulting Lender, (C) third, to each Non-Defaulting Lender ratably in accordance with their
Commitments (but, in each case, only to the extent that such Defaulting Lender’s portion of a Revolving Loan (or other funding obligation) was funded by such other Non-Defaulting Lender), (D) fourth, to a suspense account
maintained by Agent, the proceeds of which shall be retained by Agent and may be made available to be re-advanced to or for the benefit of Borrowers (upon the request of Borrowers and subject to the conditions set forth in Section 3.2)
as if such Defaulting Lender had made its portion of Revolving Loans (or other funding obligations) hereunder, and (E) fifth, from and after the date on which all other Obligations have been paid in full, to such Defaulting Lender
in accordance with tier (L) of Section 2.3(b)(ii). Subject to the foregoing, Agent may hold and, in its discretion, re-lend to Borrowers for the account of such Defaulting Lender the amount of all such payments received and retained
by Agent for the account of such Defaulting Lender. Solely for the purposes of voting or consenting to matters with respect to the Loan Documents (including the calculation of Pro Rata Share in connection therewith) and for the purpose of
calculating the fee payable under Section 2.9(b), such Defaulting Lender shall be deemed not to be a “Lender” and such Lender’s Commitment shall be deemed to be zero; provided, that, the foregoing
shall not apply to any of the matters governed by Section 14.1(a)(i) through (iii). The provisions of this Section 2.2(g) shall remain effective with respect to such Defaulting Lender until the earlier of (y) the
date on which all of the Non-Defaulting Lenders, Agent, Issuing Bank, and Borrowers shall have waived, in writing, the application of this Section 2.2(g) to such Defaulting Lender, or (z) the date on which such Defaulting Lender
makes payment of all amounts that it was obligated to fund hereunder, pays to Agent all amounts owing by Defaulting Lender in respect of the amounts that it was obligated to fund hereunder, and, if requested by Agent, provides adequate assurance of
its ability to perform its future obligations hereunder (on which earlier date, so long as no Event of Default has occurred and is continuing, any remaining cash collateral held by Agent pursuant to Section 2.2(g)(ii) shall be released
to Parent on behalf of Borrowers). The operation of this Section 2.2(g) shall not be construed to increase or otherwise affect the Commitment of any Lender, to relieve or excuse the 

  
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performance by such Defaulting Lender or any other Lender of its duties and obligations hereunder, or to relieve or excuse the performance by any Borrower of its duties and obligations hereunder
to Agent, Issuing Bank, or to the Lenders other than such Defaulting Lender. Any failure by a Defaulting Lender to fund amounts that it was obligated to fund hereunder shall constitute a material breach by such Defaulting Lender of this Agreement
and shall entitle Borrowers, at their option, upon written notice to Agent, to arrange for a substitute Lender to assume the Commitment of such Defaulting Lender, such substitute Lender to be reasonably acceptable to Agent. In connection with the
arrangement of such a substitute Lender, the Defaulting Lender shall have no right to refuse to be replaced hereunder, and agrees to execute and deliver a completed form of Assignment and Acceptance in favor of the substitute Lender (and agrees that
it shall be deemed to have executed and delivered such document if it fails to do so) subject only to being paid its share of the outstanding Obligations (other than Bank Product Obligations, but including (1) all interest, fees, and other
amounts that may be due and payable in respect thereof, and (2) an assumption of its Pro Rata Share of its participation in the Letters of Credit); provided, that, any such assumption of the Commitment of such Defaulting Lender
shall not be deemed to constitute a waiver of any of the Lender Groups’ or Borrowers’ rights or remedies against any such Defaulting Lender arising out of or in relation to such failure to fund. In the event of a direct conflict between
the priority provisions of this Section 2.2(g) and any other provision contained in this Agreement or any other Loan Document, it is the intention of the parties hereto that such provisions be read together and construed, to the fullest
extent possible, to be in concert with each other. In the event of any actual, irreconcilable conflict that cannot be resolved as aforesaid, the terms and provisions of this Section 2.2(g) shall control and govern. 

(ii) If any Swing Loan or Letter of Credit is outstanding at the time that a Lender becomes a Defaulting Lender then: 

(A) such Defaulting Lender’s Swing Loan Exposure and Letter of Credit Exposure shall be reallocated among the Non-Defaulting Lenders in
accordance with their respective Pro Rata Shares but only to the extent (x) the sum of all Non-Defaulting Lenders’ Revolving Loan Exposures plus such Defaulting Lender’s Swing Loan Exposure and Letter of Credit Exposure does not
exceed the total of all Non-Defaulting Lenders’ Revolver Commitments and (y) the conditions set forth in Section 3.2 are satisfied at such time; 

(B) if the reallocation described in clause (A) above cannot, or can only partially, be effected, Borrowers shall within one Business
Day following notice by the Agent (x) first, prepay such Defaulting Lender’s Swing Loan Exposure (after giving effect to any partial reallocation pursuant to clause (A) above) and (y) second, cash
collateralize such Defaulting Lender’s Letter of Credit Exposure (after giving effect to any partial reallocation pursuant to clause (A) above), pursuant to a cash collateral agreement to be entered into in form and substance reasonably
satisfactory to the Agent, for so long as such Letter of Credit Exposure is outstanding; provided, that, Borrowers shall not be obligated to cash collateralize any Defaulting Lender’s Letter of Credit Exposure if such Defaulting
Lender is also the Issuing Bank; 
 (C) if Borrowers cash collateralize any portion of such Defaulting Lender’s Letter of Credit
Exposure pursuant to this Section 2.2(g)(ii), Borrowers shall not be required to pay any Letter of Credit Fees to Agent for the account of such Defaulting Lender pursuant to Section 2.5(b) with respect to such cash
collateralized portion of such Defaulting Lender’s Letter of Credit Exposure during the period such Letter of Credit Exposure is cash collateralized; 

(D) to the extent the Letter of Credit Exposure of the Non-Defaulting Lenders is reallocated pursuant to this Section 2.2(g)(ii),
then the Letter of Credit Fees payable to the Non-Defaulting Lenders pursuant to Section 2.5(b) shall be adjusted in accordance with such Non-Defaulting Lenders’ Letter of Credit Exposure; 

  
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 (E) to the extent any Defaulting Lender’s Letter of Credit Exposure is neither cash
collateralized nor reallocated pursuant to this Section 2.2(g)(ii), then, without prejudice to any rights or remedies of the Issuing Bank or any Lender hereunder, all Letter of Credit Fees that would have otherwise been payable to such
Defaulting Lender under Section 2.5(b) with respect to such portion of such Letter of Credit Exposure shall instead be payable to the Issuing Bank until such portion of such Defaulting Lender’s Letter of Credit Exposure is cash
collateralized or reallocated; 
 (F) so long as any Lender is a Defaulting Lender, the Swing Lender shall not be required to make any
Swing Loan and the Issuing Bank shall not be required to issue, amend, or increase any Letter of Credit, in each case, to the extent (x) the Defaulting Lender’s Pro Rata Share of such Swing Loans or Letter of Credit cannot be reallocated
pursuant to this Section 2.2(g)(ii) or (y) the Swing Lender or Issuing Bank, as applicable, has not otherwise entered into arrangements reasonably satisfactory to the Swing Lender or Issuing Bank, as applicable, and Borrowers to
eliminate the Swing Lender’s or Issuing Bank’s risk with respect to the Defaulting Lender’s participation in Swing Loans or Letters of Credit; and 

(G) Agent may release any cash collateral provided by Borrowers pursuant to this Section 2.2(g)(ii) to the Issuing Bank and the
Issuing Bank may apply any such cash collateral to the payment of such Defaulting Lender’s Pro Rata Share of any Letter of Credit Disbursement that is not reimbursed by Borrowers pursuant to Section 2.10(d). 

(h) Independent Obligations. All Revolving Loans (other than Swing Loans and Extraordinary Advances) shall be made by the Lenders
contemporaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Revolving Loan (or other extension of credit)
hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations hereunder, and (ii) no failure by any Lender to perform its obligations hereunder shall excuse
any other Lender from its obligations hereunder. 
 2.3 Payments; Reductions of Commitments; Prepayments. 

(a) Payments by Borrowers. 

(i) Except as otherwise expressly provided herein, all payments by Borrowers shall be made to Agent’s Account for the account of the
Lender Group and shall be made in immediately available funds, no later than 2:00 p.m. on the date specified herein. Any payment received by Agent later than 2:00 p.m. shall be deemed to have been received (unless Agent, in its sole discretion,
elects to credit it on the date received) on the following Business Day and any applicable interest or fee shall continue to accrue until such following Business Day. 

(ii) Unless Agent receives notice from Borrowers prior to the date on which any payment is due to the Lenders that Borrowers will not make
such payment in full as and when required, Agent may assume that Borrowers have made (or will make) such payment in full to Agent on such date in immediately available funds and Agent may (but shall not be so required), in reliance upon such
assumption, distribute to each Lender on such due date an amount equal to the amount then due such Lender. If and to the extent Borrowers do not make such payment in full to Agent on the date when due, each Lender severally shall repay to Agent on
demand such amount distributed to such Lender, together with interest thereon at the Defaulting Lender Rate for each day from the date such amount is distributed to such Lender until the date repaid. 

  
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 (b) Apportionment and Application. 

(i) So long as no Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting
Lenders, all principal and interest payments received by Agent shall be apportioned ratably among the Lenders (according to the unpaid principal balance of the Obligations to which such payments relate held by each Lender) and all payments of fees
and expenses received by Agent (other than fees or expenses that are for Agent’s separate account or for the separate account of Issuing Bank) shall be apportioned ratably among the Lenders having a Pro Rata Share of the type of Commitment or
Obligation to which a particular fee or expense relates. Subject to Section 2.3(b)(iv) and Section 2.3(e), all payments to be made hereunder by Borrowers shall be remitted to Agent and all such payments, and all proceeds of
Collateral received by Agent, shall be applied, so long as no Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders, to reduce the balance of the Revolving Loans outstanding and,
thereafter, to Borrowers (to be wired to the Designated Account) or such other Person entitled thereto under applicable law. 
 (ii) At any
time that an Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders, all payments remitted to Agent and all proceeds of Collateral received by Agent shall be applied as follows:

 (A) first, to pay any Lender Group Expenses (including cost or expense reimbursements) or indemnities then due to Agent
under the Loan Documents, until paid in full, 
 (B) second, to pay any fees or premiums then due to Agent under the Loan
Documents until paid in full, 
 (C) third, to pay interest due in respect of all Protective Advances until paid in full,

 (D) fourth, to pay the principal of all Protective Advances until paid in full, 

(E) fifth, ratably, to pay any Lender Group Expenses (including cost or expense reimbursements) or indemnities then due to any
of the Lenders under the Loan Documents, until paid in full, 
 (F) sixth, ratably, to pay any fees or premiums then due to
any of the Lenders under the Loan Documents until paid in full, 
 (G) seventh, to pay interest accrued in respect of the
Swing Loans until paid in full, 
 (H) eighth, to pay the principal of all Swing Loans until paid in full, 

(I) ninth, ratably, to pay interest accrued in respect of the Revolving Loans (other than Protective Advances) until paid in
full, 
 (J) tenth, ratably, 

  
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 (1) to pay the principal of all Revolving Loans until paid in full, 

(2) to Agent, to be held by Agent, for the benefit of Issuing Bank (and for the ratable benefit of each of the Lenders that have an
obligation to pay to Agent, for the account of Issuing Bank, a share of each Letter of Credit Disbursement), as cash collateral in an amount up to one hundred two (102%) percent of the Letter of Credit Usage (to the extent permitted by
applicable law, such cash collateral shall be applied to the reimbursement of any Letter of Credit Disbursement as and when such disbursement occurs and, if a Letter of Credit expires undrawn, the cash collateral held by Agent in respect of such
Letter of Credit shall, to the extent permitted by applicable law, be reapplied pursuant to this Section 2.3(b)(ii), beginning with tier (A) hereof), 

(3) up to the amount (after taking into account any amounts previously paid pursuant to this clause (3), during the continuation of the
applicable Application Event) of the most recently established Bank Product Reserve, ratably, to (I) the Bank Product Providers based upon amounts then certified by the applicable Bank Product Provider to Agent (in form and substance
satisfactory to Agent) to be due and payable to such Bank Product Providers on account of Bank Product Obligations, and (II) with any balance to be paid to Agent, to be held by Agent, for the ratable benefit of the Bank Product Providers, as cash
collateral (which cash collateral may be released by Agent to the applicable Bank Product Provider and applied by such Bank Product Provider to the payment or reimbursement of any amounts due and payable with respect to Bank Product Obligations owed
to the applicable Bank Product Provider as and when such amounts first become due and payable and, if and at such time as all such Bank Product Obligations are paid or otherwise satisfied in full, the cash collateral held by Agent in respect of such
Bank Product Obligations shall be reapplied pursuant to this Section 2.3(b)(ii), beginning with tier (A) hereof, 
 (K)
eleventh, to pay any other Obligations other than Obligations owed to Defaulting Lenders (including being paid, ratably, to the Bank Product Providers on account of all amounts then due and payable in respect of Bank Product
Obligations, with any balance to be paid to Agent, to be held by Agent, for the ratable benefit of the Bank Product Providers, as cash collateral (which cash collateral may be released by Agent to the applicable Bank Product Provider and applied by
such Bank Product Provider to the payment or reimbursement of any amounts due and payable with respect to Bank Product Obligations owed to the applicable Bank Product Provider as and when such amounts first become due and payable and, if and at such
time as all such Bank Product Obligations are paid or otherwise satisfied in full, the cash collateral held by Agent in respect of such Bank Product Obligations shall be reapplied pursuant to this Section 2.3(b)(ii), beginning with tier
(A) hereof, 
 (L) twelfth, ratably to pay any Obligations owed to Defaulting Lenders; and 

(M) thirteenth, to Borrowers (to be wired to the Designated Account) or such other Person entitled thereto under applicable
law. 
 (iii) Agent promptly shall distribute to each Lender, pursuant to the applicable wire instructions received from each Lender in
writing, such funds as it may be entitled to receive, subject to a Settlement delay as provided in Section 2.2(e). 
 (iv) In
each instance, so long as no Application Event has occurred and is continuing, Section 2.3(b)(i) shall not apply to any payment made by Borrowers to Agent and specified by Borrowers to be for the payment of specific Obligations then due
and payable (or prepayable) under any provision of this Agreement or any other Loan Document. 

  
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 (v) For purposes of Section 2.3(b)(ii), “paid in full” of a type of
Obligation means payment in cash or immediately available funds of all amounts owing on account of such type of Obligation, including interest accrued after the commencement of any Insolvency Proceeding, default interest, interest on interest, and
expense reimbursements, irrespective of whether any of the foregoing would be or is allowed or disallowed in whole or in part in any Insolvency Proceeding. 

(vi) In the event of a direct conflict between the priority provisions of this Section 2.3 and any other provision contained in
this Agreement or any other Loan Document, it is the intention of the parties hereto that such provisions be read together and construed, to the fullest extent possible, to be in concert with each other. In the event of any actual, irreconcilable
conflict that cannot be resolved as aforesaid, if the conflict relates to the provisions of Section 2.2(g) and this Section 2.3, then the provisions of Section 2.2(g) shall control and govern, and if otherwise,
then the terms and provisions of this Section 2.3 shall control and govern. 
 (c) Reduction of Revolver Commitments. The
Revolver Commitments shall terminate on the Maturity Date. Borrowers may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the sum of (i) the Revolver Usage as of such date, plus
(ii) the principal amount of all Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.2(a), plus (iii) the amount of all Letters of Credit not yet issued as to which a request has been
given by Borrowers pursuant to Section 2.10(a). Each such reduction shall be in an amount which is not less than $10,000,000 (unless the Revolver Commitments are being reduced to zero and the amount of the Revolver Commitments in effect
immediately prior to such reduction are less than $10,000,000), shall be made by providing not less than five (5) Business Days prior written notice to Agent (or such shorter time as the Agent may permit in its reasonable discretion), and shall
be irrevocable; provided, that any such notice may state that such notice is contingent on the effectiveness of other credit facilities, in which case such notice may be revoked by Borrowers (by notice to Agent on or prior to the specified
effective date) if such contingency is not satisfied. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance
with its ratable share thereof. 
 (d) Optional Prepayments. Borrowers may prepay the principal of any Revolving Loan at any time in
whole or in part, without premium or penalty (but subject to Section 2.11(b)(ii)). 
 (e) Mandatory Prepayments. 

(i) Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base reflected in the
Borrowing Base Certificate most recently delivered by Borrowers to Agent, then Borrowers shall promptly, but in any event, within one (1) Business Day, prepay the Obligations in accordance with Section 2.3(f)(i) in an aggregate
amount equal to the amount of such excess. 
 (ii) Collections. If a Cash Dominion Period exists, all proceeds of Collateral
will be applied to prepay the Obligations, other than to the extent such proceeds are held in any Excluded Accounts (as defined in the Guaranty and Security Agreement) in compliance with this Agreement or any other Loan Document. 

(f) Application of Payments. Each prepayment pursuant to Section 2.3(e) shall, (i) so long as no Application Event
shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to one
hundred two (102%) percent of the then outstanding Letter of Credit Usage, and (ii) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.3(b)(ii). 

  
 13 

 2.4 Promise to Pay; Promissory Notes. 

(a) Borrowers agree to pay the Lender Group Expenses on the first (1st) day of the
month following the date on which Borrowers receive an invoice for the applicable Lender Group Expenses from Agent, if the Borrowers receive such invoice at least 5 days prior to such first day of the month; otherwise, Borrowers agree to pay the
relevant Lender Group Expenses on the first day of the following month; provided, that Agent may charge the Loan Account pursuant to the provisions of Section 2.5(d) for such Lender Group Expenses, and such charging of the Loan Account
shall satisfy Borrowers’ payment requirement under this first sentence of this Section 2.4(a). Borrowers promise to pay all of the Obligations (including principal, interest, premiums, if any, fees, costs, and expenses (including
Lender Group Expenses)) in full on the Maturity Date or, if earlier, on the date on which the Obligations (other than the Bank Product Obligations) become due and payable pursuant to the terms of this Agreement. Borrowers agree that their
obligations contained in the first sentence of this Section 2.4(a) shall survive payment or satisfaction in full of all other Obligations. 

(b) Any Lender may request that any portion of its Commitments or the Loans made by it be evidenced by one or more promissory notes. In such
event, Borrowers shall execute and deliver to such Lender the requested promissory notes payable to of such Lender in a form furnished by Agent and reasonably satisfactory to Borrowers. Thereafter, the portion of the Commitments and Loans evidenced
by such promissory notes and interest thereon shall at all times be represented by one or more promissory notes in such form payable to the payee named therein. 

2.5 Interest Rates and Letter of Credit Fee: Rates, Payments, and Calculations. 

(a) Interest Rates. Except as provided in Section 2.5(c), all Obligations (except for undrawn Letters of Credit) that have
been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows: 
 (i) if the relevant Obligation is a LIBOR
Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and 
 (ii) otherwise, at a per annum rate equal to the
Base Rate plus the Base Rate Margin. 
 (b) Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Revolving
Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and charges, commissions, other fees, charges and expenses set forth in Section 2.10(k)) that shall
accrue at a per annum rate equal to the LIBOR Rate Margin times the average daily undrawn amount of all outstanding Letters of Credit. 

(c) Default Rate. 
 (i)
Upon the occurrence and during the continuation of an Event of Default at the election of Agent or the Required Lenders, 
 (A) all
Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to two (2) percentage points above the per annum rate otherwise applicable
hereunder, and 

  
 14 

 (B) the Letter of Credit Fee shall be increased to two (2) percentage points above the per
annum rate otherwise applicable hereunder. 
 (ii) any excess described in Section 2.3(e)(i) which is not prepaid within one
(1) Business Day shall bear interest at a per annum rate equal to two (2) percentage points above the per annum rate otherwise applicable hereunder. 

(d) Payment. Except to the extent provided to the contrary in Section 2.9, Section 2.10(k) or
Section 2.11(a), (i) all interest, all Letter of Credit Fees, and all other fees payable hereunder or under any of the other Loan Documents shall be due and payable, in arrears, on the first (1st) day of each month and (ii) all costs and expenses payable hereunder or under any of the other Loan Documents, and all Lender Group Expenses shall be due and payable as set forth in
Section 2.4(a). Borrowers hereby authorize Agent, from time to time without prior notice to Borrowers, to charge to the Loan Account (A) on the first (1st) day of each month, all
interest accrued during the prior month on the Revolving Loans hereunder, (B) on the first (1st) day of each month, all Letter of Credit Fees accrued or chargeable hereunder during the
prior month, (C) as and when incurred or accrued, all fees and costs provided for in Section 2.9(a) or (c), (D) on the first (1st) day of each month, the Unused Line Fee
accrued during the prior month pursuant to Section 2.9(b), (E) as and when incurred or due and payable, all other fees payable hereunder or under any of the other Loan Documents, (F) as and when incurred or accrued, the
fronting fees and all commissions, other fees, charges and expenses provided for in Section 2.11(k), (G) as and when incurred or due and payable, all other Lender Group Expenses, and (H) as and when incurred or due and payable
all other payment obligations payable under any Loan Document or any Bank Product Agreement (including any amounts due and payable to the Bank Product Providers in respect of Bank Products). All amounts (including interest, fees, costs, expenses,
Lender Group Expenses, or other amounts payable hereunder or under any other Loan Document or under any Bank Product Agreement) charged to the Loan Account shall thereupon constitute Revolving Loans hereunder, shall constitute Obligations hereunder,
and shall initially accrue interest at the rate then applicable to Revolving Loans that are Base Rate Loans (unless and until converted into LIBOR Rate Loans in accordance with the terms of this Agreement). 

(e) Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year (or 365 or
366 days, as the case may be, in the case of Base Rate Loans), in each case, for the actual number of days elapsed in the period during which the interest or fees accrue. In the event the Base Rate is changed from time to time hereafter, the rates
of interest hereunder based upon the Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the Base Rate. 

(f) Intent to Limit Charges to Maximum Lawful Rate. In no event shall the interest rate or rates payable under this Agreement, plus any
other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrowers and the Lender Group, in executing and delivering this
Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, that, anything contained herein to the contrary notwithstanding, if such rate or rates of interest or manner of
payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrowers are and shall be liable only for the payment of such maximum amount as is allowed by law, and payment received from Borrowers
in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess. 

2.6 Crediting Payments. The receipt of any payment item by Agent shall not be required to be considered a payment on account
unless such payment item is a wire transfer of immediately available 

  
 15 

 
federal funds made to Agent’s Account or unless and until such payment item is honored when presented for payment. Should any payment item not be honored when presented for payment, then
Borrowers shall be deemed not to have made such payment and interest shall be calculated accordingly. Anything to the contrary contained herein notwithstanding, any payment item shall be deemed received by Agent only if it is received into
Agent’s Account on a Business Day on or before 1:30 p.m. If any payment item is received into Agent’s Account on a non-Business Day or after 1:30 p.m. on a Business Day (unless Agent, in its sole discretion, elects to credit it on the date
received), it shall be deemed to have been received by Agent as of the opening of business on the immediately following Business Day. 
 2.7
Designated Account. Agent is authorized to make the Revolving Loans, and Issuing Bank is authorized to issue the Letters of Credit, under this Agreement based upon telephonic or other instructions received from anyone whom Agent or
Issuing Bank, as applicable, reasonably believes to be an Authorized Person or, without instructions, if pursuant to Section 2.5(d). Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for
the purpose of receiving the proceeds of the Revolving Loans requested by Borrowers and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrowers, any Revolving Loan or Swing Loan requested by Borrowers and made by Agent
or the Lenders hereunder shall be made to the Designated Account. 
 2.8 Maintenance of Loan Account; Statements of
Obligations. Agent shall maintain an account on its books in the name of Borrowers (the “Loan Account”) on which Borrowers will be charged with all Revolving Loans (including Extraordinary Advances and Swing Loans) made by
Agent, Swing Lender, or the Lenders to Borrowers or for Borrowers’ account, the Letters of Credit issued or arranged by Issuing Bank for Borrowers’ account, and with all other payment Obligations hereunder or under the other Loan
Documents, including, accrued interest, fees and expenses, and Lender Group Expenses. In accordance with Section 2.6, the Loan Account will be credited with all payments received by Agent from Borrowers or for Borrowers’ account.
Agent shall make available to Borrowers monthly statements regarding the Loan Account, including the principal amount of the Revolving Loans, interest accrued hereunder, fees accrued or charged hereunder or under the other Loan Documents, and a
summary itemization of all charges and expenses constituting Lender Group Expenses accrued hereunder or under the other Loan Documents, and each such statement, absent manifest error, shall be conclusively presumed to be correct and accurate and
constitute an account stated between Borrowers and the Lender Group unless, within thirty (30) days after Agent first makes such a statement available to Borrowers, Borrowers shall deliver to Agent written objection thereto describing the error
or errors contained in such statement. 
 2.9 Fees. 

(a) Agent Fees. Borrowers shall pay to Agent, for the account of Agent, as and when due and payable under the terms of the Fee Letter,
the fees set forth in the Fee Letter. 
 (b) Unused Line Fee. Borrowers shall pay to Agent, for the ratable account of the Revolving
Lenders, an unused line fee (the “Unused Line Fee”) in an amount equal to the Applicable Unused Line Fee Percentage per annum times the result of (i) the aggregate amount of the Revolver Commitments, less (ii) the average
amount of the Revolver Usage during the immediately preceding month (or portion thereof), which Unused Line Fee shall be due and payable on the first (1st) day of each month from and after
the Closing Date up to the first (1st) day of the month prior to the date on which the Obligations are paid in full. Swing Loans will not be considered in the calculation of the Unused Line
Fee. 
 (c) Field Examination and Other Fees. Borrowers shall pay to Agent, field examination fees and charges, as and when incurred
or chargeable, as follows (i) a fee of $1,000 per day, 

  
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per examiner, plus reasonable and documented out-of-pocket expenses (including travel, meals, and lodging) for each field examination of any Borrower performed by personnel employed by Agent, and
(ii) the fees or charges actually paid or incurred by Agent (but, in any event, no less than a charge of $1,000 per day, per Person, plus reasonable and documented out-of-pocket expenses (including travel, meals, and lodging)) if it elects to
employ the services of one or more third Persons to perform field examinations of any Loan Party, to establish electronic collateral reporting systems, or to assess any Collateral; provided, that, so long as no Event of Default shall
have occurred and be continuing, Borrowers shall not be obligated to reimburse Agent for more than one field examination during any period of 12 consecutive months (or, if Excess Availability shall have fallen below 12.5% of the Maximum Revolver
Amount during any period of twelve consecutive months, two field examinations during such period). In addition to the foregoing, the Loan Parties and their Subsidiaries shall in no event be obligated to pay or reimburse any Lender or any
representatives or agents of any Lender (other than, in each case, Wells Fargo in its capacity as Agent), for any visit, inspection or examination of the Loan Parties or their Subsidiaries or their properties, books or records. 

2.10 Letters of Credit. 

(a) Subject to the terms and conditions of this Agreement, upon the request of Borrowers made in accordance herewith, and prior to the
Maturity Date, Issuing Bank agrees to issue a requested Letter of Credit for the account of Borrowers (or for the joint account of a Borrower and a Guarantor). By submitting a request to Issuing Bank for the issuance of a Letter of Credit, Borrowers
shall be deemed to have requested that Issuing Bank issue the requested Letter of Credit. Each request for the issuance of a Letter of Credit, or the amendment, renewal, or extension of any outstanding Letter of Credit, shall be irrevocable and
shall be made in writing by an Authorized Person and delivered to Issuing Bank via telefacsimile or other electronic method of transmission reasonably acceptable to Issuing Bank and in advance of the requested date of issuance, amendment, renewal,
or extension. Each such request shall be in form and substance reasonably satisfactory to Issuing Bank and (i) shall specify (A) the amount of such Letter of Credit, (B) the date of issuance, amendment, renewal, or extension of such
Letter of Credit, (C) the proposed expiration date of such Letter of Credit, (D) the name and address of the beneficiary of the Letter of Credit, and (E) such other information (including, the conditions to drawing, and, in the case
of an amendment, renewal, or extension, identification of the Letter of Credit to be so amended, renewed, or extended) as shall be necessary to prepare, amend, renew, or extend such Letter of Credit, and (ii) shall be accompanied by such Issuer
Documents as Agent or Issuing Bank may request or require, to the extent that such requests or requirements are consistent with the Issuer Documents that Issuing Bank generally requests for Letters of Credit in similar circumstances. Bank’s
records of the content of any such request will be conclusive. Anything contained herein to the contrary notwithstanding, Issuing Bank may, but shall not be obligated to, issue a Letter of Credit that supports the obligations of Parent or one of its
Subsidiaries in respect of (x) a lease of real property to the extent that the face amount of such Letter of Credit exceeds the highest rent (including all rent-like charges) payable under such lease for a period of one year, or (y) an
employment contract to the extent that the face amount of such Letter of Credit exceeds the highest compensation payable under such contract for a period of one year. 

(b) Issuing Bank shall have no obligation to issue a Letter of Credit if any of the following would result after giving effect to the
requested issuance: 
 (i) the Letter of Credit Usage would exceed the Letter of Credit Sublimit, or 

(ii) the Letter of Credit Usage would exceed the Maximum Revolver Amount less the outstanding amount of Revolving Loans (including Swing
Loans), or 
 (iii) the Letter of Credit Usage would exceed the Borrowing Base at such time less the outstanding principal balance of the
Revolving Loans (inclusive of Swing Loans) at such time. 

  
 17 

 (c) In the event there is a Defaulting Lender as of the date of any request for the issuance of a
Letter of Credit, the Issuing Bank shall not be required to issue or arrange for such Letter of Credit to the extent (i) the Defaulting Lender’s Letter of Credit Exposure with respect to such Letter of Credit may not be reallocated
pursuant to Section 2.2(g)(ii) or (ii) the Issuing Bank has not otherwise entered into arrangements reasonably satisfactory to it and Borrowers to eliminate the Issuing Bank’s risk with respect to the participation in such
Letter of Credit of the Defaulting Lender, which arrangements may include Borrowers cash collateralizing such Defaulting Lender’s Letter of Credit Exposure in accordance with Section 2.2(g)(ii). Additionally, Issuing Bank shall have
no obligation to issue a Letter of Credit if (A) any order, judgment, or decree of any Governmental Authority or arbitrator shall, by its terms, purport to enjoin or restrain Issuing Bank from issuing such Letter of Credit, or any law
applicable to Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over Issuing Bank shall prohibit or request that Issuing Bank refrain from the issuance of letters of
credit generally or such Letter of Credit in particular, (B) the issuance of such Letter of Credit would violate one or more policies of Issuing Bank applicable to letters of credit generally, or (C) if amounts demanded to be paid under
any Letter of Credit will or may not be in United States Dollars. 
 (d) Any Issuing Bank (other than Wells Fargo or any of its Affiliates)
shall notify Agent in writing no later than the Business Day immediately following the Business Day on which such Issuing Bank issued any Letter of Credit; provided, that, (i) until Agent advises any such Issuing Bank that the
provisions of Section 3.2 are not satisfied, or (ii) unless the aggregate amount of the Letters of Credit issued in any such week exceeds such amount as shall be agreed by Agent and such Issuing Bank, such Issuing Bank shall be
required to so notify Agent in writing only once each week of the Letters of Credit issued by such Issuing Bank during the immediately preceding week as well as the daily amounts outstanding for the prior week, such notice to be furnished on such
day of the week as Agent and such Issuing Bank may agree. Each Letter of Credit shall be in form and substance reasonably acceptable to Issuing Bank, including the requirement that the amounts payable thereunder must be payable in Dollars. If
Issuing Bank makes a payment under a Letter of Credit, Borrowers shall pay to Agent an amount equal to the applicable Letter of Credit Disbursement on the Business Day such Letter of Credit Disbursement is made and, in the absence of such payment,
the amount of the Letter of Credit Disbursement immediately and automatically shall be deemed to be a Revolving Loan hereunder (notwithstanding any failure to satisfy any condition precedent set forth in Section 3) and, initially, shall
bear interest at the rate then applicable to Revolving Loans that are Base Rate Loans. If a Letter of Credit Disbursement is deemed to be a Revolving Loan hereunder, Borrowers’ obligation to pay the amount of such Letter of Credit Disbursement
to Issuing Bank shall be automatically converted into an obligation to pay the resulting Revolving Loan. Promptly following receipt by Agent of any payment from Borrowers pursuant to this paragraph, Agent shall distribute such payment to Issuing
Bank or, to the extent that Revolving Lenders have made payments pursuant to Section 2.10(e) to reimburse Issuing Bank, then to such Revolving Lenders and Issuing Bank as their interests may appear. 

(e) Promptly following receipt of a notice of a Letter of Credit Disbursement pursuant to Section 2.10(d), each Revolving Lender
agrees to fund its Pro Rata Share of any Revolving Loan deemed made pursuant to Section 2.10(d) on the same terms and conditions as if Borrowers had requested the amount thereof as a Revolving Loan and Agent shall promptly pay to Issuing
Bank the amounts so received by it from the Revolving Lenders. By the issuance of a Letter of Credit (or an amendment, renewal, or extension of a Letter of Credit) and without any further action on the part of Issuing Bank or the Revolving Lenders,
Issuing Bank shall be deemed to have granted to each Revolving 

  
 18 

 
Lender, and each Revolving Lender shall be deemed to have purchased, a participation in each Letter of Credit issued by Issuing Bank, in an amount equal to its Pro Rata Share of such Letter of
Credit, and each such Revolving Lender agrees to pay to Agent, for the account of Issuing Bank, such Revolving Lender’s Pro Rata Share of any Letter of Credit Disbursement made by Issuing Bank under the applicable Letter of Credit. In
consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees to pay to Agent, for the account of Issuing Bank, such Revolving Lender’s Pro Rata Share of each Letter of Credit Disbursement
made by Issuing Bank and not reimbursed by Borrowers on the date due as provided in Section 2.10(d), or of any reimbursement payment that is required to be refunded (or that Agent or Issuing Bank elects, based upon the advice of counsel,
to refund) to Borrowers for any reason. Each Revolving Lender acknowledges and agrees that its obligation to deliver to Agent, for the account of Issuing Bank, an amount equal to its respective Pro Rata Share of each Letter of Credit Disbursement
pursuant to this Section 2.10(e) shall be absolute and unconditional and such remittance shall be made notwithstanding the occurrence or continuation of an Event of Default or Default or the failure to satisfy any condition set forth in
Section 3. If any such Revolving Lender fails to make available to Agent the amount of such Revolving Lender’s Pro Rata Share of a Letter of Credit Disbursement as provided in this Section 2.10, such Revolving Lender shall be
deemed to be a Defaulting Lender and Agent (for the account of Issuing Bank) shall be entitled to recover such amount on demand from such Revolving Lender together with interest thereon at the Defaulting Lender Rate until paid in full. 

(f) Each Borrower agrees to indemnify, defend and hold harmless each member of the Lender Group (including Issuing Bank and its branches,
Affiliates, and correspondents) and each such Person’s respective directors, officers, employees, attorneys and agents (each, including Issuing Bank, a “Letter of Credit Related Person”) (to the fullest extent permitted by law)
from and against any and all claims, demands, suits, actions, investigations, proceedings, liabilities, fines, costs, penalties, and damages, and all reasonable fees and disbursements of attorneys, experts, or consultants and all other costs and
expenses actually incurred in connection therewith or in connection with the enforcement of this indemnification (as and when they are incurred and irrespective of whether suit is brought), which may be incurred by or awarded against any such Letter
of Credit Related Person (other than Taxes, which shall be governed by Section 16) (the “Letter of Credit Indemnified Costs”), and which arise out of or in connection with, or as a result of: 

(i) any Letter of Credit or any pre-advice of its issuance; 

(ii) [reserved]; 
 (iii) any
action or proceeding arising out of, or in connection with, any Letter of Credit (whether administrative, judicial or in connection with arbitration), including any action or proceeding to compel or restrain any presentation or payment under any
Letter of Credit, or for the wrongful dishonor of, or honoring a presentation under, any Letter of Credit; 
 (iv) any independent
undertakings issued by the beneficiary of any Letter of Credit; 
 (v) any unauthorized instruction or request made to Issuing Bank in
connection with any Letter of Credit or requested Letter of Credit or error in computer or electronic transmission; 
 (vi) an adviser,
confirmer or other nominated person seeking to be reimbursed, indemnified or compensated; 

  
 19 

 (vii) any third party seeking to enforce the rights of an applicant, beneficiary, nominated
person, transferee, assignee of Letter of Credit proceeds or holder of an instrument or document; 
 (viii) the fraud, forgery or illegal
action of parties other than the Letter of Credit Related Person; 
 (ix) Issuing Bank’s performance of the obligations of a
confirming institution or entity that wrongfully dishonors a confirmation; or 
 (x) the acts or omissions, whether rightful or wrongful,
of any present or future de jure or de facto governmental or regulatory authority or cause or event beyond the control of the Letter of Credit Related Person; 

in each case, including that resulting from the Letter of Credit Related Person’s own negligence; provided, however, that, such indemnity shall not be
available to any Letter of Credit Related Person claiming indemnification under clauses (i) through (x) above to the extent that such Letter of Credit Indemnified Costs may be finally determined in a final, non-appealable judgment of a
court of competent jurisdiction to have resulted directly from the gross negligence or willful misconduct of the Letter of Credit Related Person claiming indemnity. Borrowers hereby agree to pay the Letter of Credit Related Person claiming indemnity
on demand from time to time all amounts owing under this Section 2.10(f). If and to the extent that the obligations of Borrowers under this Section 2.10(f) are unenforceable for any reason, Borrowers agree to make the maximum
contribution to the Letter of Credit Indemnified Costs permissible under applicable law. This indemnification provision shall survive termination of this Agreement and all Letters of Credit. 

(g) The liability of Issuing Bank (or any other Letter of Credit Related Person) under, in connection with or arising out of any Letter of
Credit (or pre-advice), regardless of the form or legal grounds of the action or proceeding, shall be limited to direct damages suffered by Borrowers that are caused directly by Issuing Bank’s gross negligence or willful misconduct in
(i) honoring a presentation under a Letter of Credit that on its face does not at least substantially comply with the terms and conditions of such Letter of Credit, (ii) failing to honor a presentation under a Letter of Credit that
strictly complies with the terms and conditions of such Letter of Credit or (iii) retaining Drawing Documents presented under a Letter of Credit. Issuing Bank shall be deemed to have acted with due diligence and reasonable care if Issuing
Bank’s conduct is in accordance with Standard Letter of Credit Practice or in accordance with this Agreement. Borrowers’ aggregate remedies against Issuing Bank and any Letter of Credit Related Person for wrongfully honoring a presentation
under any Letter of Credit or wrongfully retaining honored Drawing Documents shall in no event exceed the aggregate amount paid by Borrowers to Issuing Bank in respect of the honored presentation in connection with such Letter of Credit under
Section 2.10(d), plus interest at the rate then applicable to Base Rate Loans hereunder. Borrowers shall take action to avoid and mitigate the amount of any damages claimed against Issuing Bank or any other Letter of Credit Related
Person, including by enforcing its rights against the beneficiaries of the Letters of Credit. Any claim by Borrowers under or in connection with any Letter of Credit shall be reduced by an amount equal to the sum of (x) the amount (if any)
saved by Borrowers as a result of the breach or alleged wrongful conduct complained of; and (y) the amount (if any) of the loss that would have been avoided had Borrowers taken all reasonable steps to mitigate any loss, and in case of a claim
of wrongful dishonor, by specifically and timely authorizing Issuing Bank to effect a cure. 
 (h) Borrowers are responsible for preparing
or approving the final text of the Letter of Credit as issued by Issuing Bank, irrespective of any assistance Issuing Bank may provide such as drafting or recommending text or by Issuing Bank’s use or refusal to use text submitted by Borrowers.

  
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Borrowers are solely responsible for the suitability of the Letter of Credit for Borrowers’ purposes. With respect to any Letter of Credit containing an “automatic amendment” to
extend the expiration date of such Letter of Credit, Issuing Bank, in its sole and absolute discretion, may give notice of nonrenewal of such Letter of Credit and, if Borrowers do not at any time want such Letter of Credit to be renewed, Borrowers
will so notify Agent and Issuing Bank at least fifteen (15) calendar days before Issuing Bank is required to notify the beneficiary of such Letter of Credit or any advising bank of such nonrenewal pursuant to the terms of such Letter of Credit.

 (i) Borrowers’ reimbursement and payment obligations under this Section 2.10 with respect to Letters of Credit are
absolute, unconditional and irrevocable and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever, including: 

(i) any lack of validity, enforceability or legal effect of any Letter of Credit, this Agreement or any term or provision therein or herein;

 (ii) payment against presentation of any draft, demand or claim for payment under any Drawing Document that does not comply in whole or
in part with the terms of the applicable Letter of Credit or which proves to be fraudulent, forged or invalid in any respect or any statement therein being untrue or inaccurate in any respect, or which is signed, issued or presented by a Person or a
transferee of such Person purporting to be a successor or transferee of the beneficiary of such Letter of Credit; 
 (iii) Issuing Bank or
any of its branches or Affiliates being the beneficiary of any Letter of Credit; 
 (iv) Issuing Bank or any correspondent honoring a
drawing against a Drawing Document up to the amount available under any Letter of Credit even if such Drawing Document claims an amount in excess of the amount available under the Letter of Credit; 

(v) the existence of any claim, set-off, defense or other right that Parent or any of its Subsidiaries may have at any time against any
beneficiary, any assignee of proceeds, Issuing Bank or any other Person; 
 (vi) any other event, circumstance or conduct whatsoever,
whether or not similar to any of the foregoing that might, but for this Section 2.10(i), constitute a legal or equitable defense to or discharge of, or provide a right of set-off against, any Borrower’s or any of its
Subsidiaries’ reimbursement and other payment obligations and liabilities, arising under, or in connection with, any Letter of Credit, whether against Issuing Bank, the beneficiary or any other Person; or 

(vii) the fact that any Default or Event of Default shall have occurred and be continuing; 

provided, however, that, subject to Section 2.10(g) above, the foregoing shall not release Issuing Bank from such liability to Borrowers as may be
finally determined in a final, non-appealable judgment of a court of competent jurisdiction against Issuing Bank following reimbursement or payment of the obligations and liabilities, including reimbursement and other payment obligations, of
Borrowers to Issuing Bank arising under, or in connection with, this Section 2.10 or any Letter of Credit. 

  
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 (j) Without limiting any other provision of this Agreement, Issuing Bank and each other Letter of
Credit Related Person (if applicable) shall not be responsible to Borrowers for, and Issuing Bank’s rights and remedies against Borrowers and the obligation of Borrowers to reimburse Issuing Bank for each drawing under each Letter of Credit
shall not be impaired by: 
 (i) honor of a presentation under any Letter of Credit that on its face substantially complies with the terms
and conditions of such Letter of Credit, even if the Letter of Credit requires strict compliance by the beneficiary; 
 (ii) honor of a
presentation of any Drawing Document that appears on its face to have been signed, presented or issued (A) by any purported successor or transferee of any beneficiary or other Person required to sign, present or issue such Drawing Document or
(B) under a new name of the beneficiary; 
 (iii) acceptance as a draft of any written or electronic demand or request for payment
under a Letter of Credit, even if nonnegotiable or not in the form of a draft or notwithstanding any requirement that such draft, demand or request bear any or adequate reference to the Letter of Credit; 

(iv) the identity or authority of any presenter or signer of any Drawing Document or the form, accuracy, genuineness or legal effect of any
Drawing Document (other than Issuing Bank’s determination that such Drawing Document appears on its face substantially to comply with the terms and conditions of the Letter of Credit); 

(v) acting upon any instruction or request relative to a Letter of Credit or requested Letter of Credit that Issuing Bank in good faith
believes to have been given by a Person authorized to give such instruction or request; 
 (vi) any errors, omissions, interruptions or
delays in transmission or delivery of any message, advice or document (regardless of how sent or transmitted) or for errors in interpretation of technical terms or in translation or any delay in giving or failing to give notice to Borrowers; 

(vii) any acts, omissions or fraud by, or the insolvency of, any beneficiary, any nominated person or entity or any other Person or any
breach of contract between any beneficiary and any Borrower or any of the parties to the underlying transaction to which the Letter of Credit relates; 

(viii) assertion or waiver of any provision of the ISP or UCP that primarily benefits an issuer of a letter of credit, including any
requirement that any Drawing Document be presented to it at a particular hour or place; 
 (ix) payment to any paying or negotiating bank
(designated or permitted by the terms of the applicable Letter of Credit) claiming that it rightfully honored or is entitled to reimbursement or indemnity under Standard Letter of Credit Practice applicable to it; 

(x) acting or failing to act as required or permitted under Standard Letter of Credit Practice applicable to where Issuing Bank has issued,
confirmed, advised or negotiated such Letter of Credit, as the case may be; 
 (xi) honor of a presentation after the expiration date of
any Letter of Credit notwithstanding that a presentation was made prior to such expiration date and dishonored by Issuing Bank if subsequently Issuing Bank or any court or other finder of fact determines such presentation should have been honored;

  
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 (xii) dishonor of any presentation that does not strictly comply or that is fraudulent, forged
or otherwise not entitled to honor; or 
 (xiii) honor of a presentation that is subsequently determined by Issuing Bank to have been made
in violation of international, federal, state or local restrictions on the transaction of business with certain prohibited Persons. 
 (k)
Borrowers shall pay immediately upon demand to Agent for the account of Issuing Bank as non-refundable fees, commissions, and charges (it being acknowledged and agreed that any charging of such fees, commissions, and charges to the Loan Account
pursuant to the provisions of Section 2.5(d) shall be deemed to constitute a demand for payment thereof for the purposes of this Section 2.10(k)): (i) a fronting fee which shall be imposed by Issuing Bank upon the
issuance of each Letter of Credit at the rate of 0.125% per annum of the face amount thereof, plus (ii) any and all other customary commissions, fees and charges then in effect imposed by, and any and all expenses incurred by, Issuing
Bank, or by any adviser, confirming institution or entity or other nominated person, relating to Letters of Credit, at the time of issuance of any Letter of Credit and upon the occurrence of any other activity with respect to any Letter of Credit
(including transfers, assignments of proceeds, amendments, drawings, renewals or cancellations). 
 (i) If by reason of (x) any Change
in Law, or (y) compliance by Issuing Bank or any other member of the Lender Group with any direction, request, or requirement (irrespective of whether having the force of law) of any Governmental Authority or monetary authority including,
Regulation D of the Board of Governors as from time to time in effect (and any successor thereto): 
 (ii) any reserve, deposit, or similar
requirement is or shall be imposed or modified in respect of any Letter of Credit issued or caused to be issued hereunder or hereby, or 

(iii) there shall be imposed on Issuing Bank or any other member of the Lender Group any other condition regarding any Letter of Credit, 

and the result of the foregoing is to increase, directly or indirectly, the cost to Issuing Bank or any other member of the Lender Group of issuing, making,
participating in, or maintaining any Letter of Credit or to reduce the amount receivable in respect thereof, then, and in any such case, Agent may, at any time within a reasonable period after the additional cost is incurred or the amount received
is reduced, notify Borrowers, and Borrowers shall pay within thirty (30) days after demand therefor, such amounts as Agent may specify to be necessary to compensate Issuing Bank or any other member of the Lender Group for such additional cost
or reduced receipt, together with interest on such amount from the date of such demand until payment in full thereof at the rate then applicable to Base Rate Loans hereunder; provided, that, (A) Borrowers shall not be required to
provide any compensation pursuant to this Section 2.10(k) for any such amounts incurred more than one hundred eighty (180) days prior to the date on which the demand for payment of such amounts is first made to Borrowers, and
(B) if an event or circumstance giving rise to such amounts is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. The determination by Agent of any amount due pursuant
to this Section 2.10(k), as set forth in a certificate setting forth the calculation thereof in reasonable detail, shall, in the absence of manifest or demonstrable error, be final and conclusive and binding on all of the parties hereto.

 (iv) Unless otherwise expressly agreed by Issuing Bank and Borrowers when a Letter of Credit is issued, (i) the rules of the ISP
and the UCP shall apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit. 

  
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 (l) Existing Letter of Credit. On the Closing Date, without further action by any party
hereto, the Existing Letter of Credit shall be deemed to have been issued as a Letter of Credit under this Agreement, the Existing Letter of Credit Issuer shall be deemed to have granted to each Lender, and each Lender shall be deemed to have
acquired from each Existing Letter of Credit Issuer, a participation in the Existing Letter of Credit equal to such Lender’s Letter of Credit Exposure with respect to the Existing Letter of Credit. Such participations shall be on all the same
terms and conditions as participations granted under Section 2.10(e) in all other Letters of Credit issued or to be issued hereunder. 

(m) In the event of a direct conflict between the provisions of this Section 2.10 and any provision contained in any Issuer
Document, it is the intention of the parties hereto that such provisions be read together and construed, to the fullest extent possible, to be in concert with each other. In the event of any actual, irreconcilable conflict that cannot be resolved as
aforesaid, the terms and provisions of this Section 2.10 shall control and govern. 
 2.11 LIBOR Option. 

(a) Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Base Rate, Borrowers shall have
the option, subject to Section 2.11(b) below (the “LIBOR Option”) to have interest on all or a portion of the Revolving Loans be charged (whether at the time when made (unless otherwise provided herein), upon conversion
from a Base Rate Loan to a LIBOR Rate Loan, or upon continuation of a LIBOR Rate Loan as a LIBOR Rate Loan) at a rate of interest based upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of (i) the last day of
the Interest Period applicable thereto; provided, that, subject to the following clauses (ii) and (iii), in the case of any Interest Period greater than three (3) months in duration, interest shall be payable at three
(3) month intervals after the commencement of the applicable Interest Period and on the last day of such Interest Period), (ii) the date on which all or any portion of the Obligations are accelerated pursuant to the terms hereof, or
(iii) the date on which this Agreement is terminated pursuant to the terms hereof. On the last day of each applicable Interest Period, unless Borrowers have properly exercised the LIBOR Option with respect thereto, the interest rate applicable
to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of the Agent or
Required Lenders, Borrowers no longer shall have the option to request that Revolving Loans bear interest at a rate based upon the LIBOR Rate. 

(b) LIBOR Election. 

(i) Borrowers may, at any time and from time to time, so long as no Event of Default has occurred and is continuing, elect to exercise the
LIBOR Option by notifying Agent prior to 12:00 noon at least three (3) Business Days prior to the commencement of the proposed Interest Period (the “LIBOR Deadline”). Notice of Borrowers’ election of the LIBOR Option for a
permitted portion of the Revolving Loans and an Interest Period pursuant to this Section 2.11 shall be made by delivery to Agent of a LIBOR Notice received by Agent before the LIBOR Deadline, or by telephonic notice received by Agent before the
LIBOR Deadline (to be confirmed by delivery to Agent of a LIBOR Notice received by Agent prior to 5:00 p.m. on the same day). Promptly upon its receipt of each such LIBOR Notice, Agent shall provide a copy thereof to each of the affected Lenders.

 (ii) Each LIBOR Notice shall be irrevocable and binding on Borrowers. In connection with each LIBOR Rate Loan, each Borrower shall
indemnify, defend, and hold Agent and the Lenders harmless against any loss, cost, or expense actually incurred by Agent or any Lender as a result of (A) the payment of any principal of any LIBOR Rate Loan other than on the last day of an
Interest Period applicable thereto (including as a result of an Event of Default), (B) the conversion of any LIBOR 

  
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Rate Loan other than on the last day of the Interest Period applicable thereto, or (C) the failure to borrow, convert, continue or prepay any LIBOR Rate Loan on the date specified in any
LIBOR Notice delivered pursuant hereto (such losses, costs, or expenses, “Funding Losses”). A certificate of Agent or a Lender delivered to Borrowers setting forth in reasonable detail any amount or amounts that Agent or such Lender
is entitled to receive pursuant to this Section 2.11 shall be conclusive absent manifest error. Borrowers shall pay such amount to Agent or the Lender, as applicable, within thirty (30) days of the date of its receipt of such
certificate. If a payment of a LIBOR Rate Loan on a day other than the last day of the applicable Interest Period would result in a Funding Loss, Agent may, in its sole discretion at the request of Borrowers, hold the amount of such payment as cash
collateral in support of the Obligations until the last day of such Interest Period and apply such amounts to the payment of the applicable LIBOR Rate Loan on such last day, it being agreed that Agent has no obligation to so defer the application of
payments to any LIBOR Rate Loan and that, in the event that Agent does not defer such application, Borrowers shall be obligated to pay any resulting Funding Losses. 

(iii) Unless Agent, in its sole discretion, agrees otherwise, Borrowers shall have not more than five (5) LIBOR Rate Loans in effect at
any given time. Borrowers may only exercise the LIBOR Option for proposed LIBOR Rate Loans of at least $1,000,000. 
 (c) Conversion.
Borrowers may convert LIBOR Rate Loans to Base Rate Loans at any time; provided, that, in the event that LIBOR Rate Loans are converted or prepaid on any date that is not the last day of the Interest Period applicable thereto,
including as a result of any prepayment through the required application by Agent of any payments or proceeds of Collateral in accordance with Section 2.3(b) or for any other reason, including early termination of the term of this
Agreement or acceleration of all or any portion of the Obligations pursuant to the terms hereof, each Borrower shall indemnify, defend, and hold Agent and the Lenders and their Participants harmless against any and all Funding Losses in accordance
with Section 2.11(b)(ii). 
 (d) Special Provisions Applicable to LIBOR Rate. 

(i) The LIBOR Rate may be adjusted by Agent with respect to any Lender on a prospective basis to take into account any additional or
increased costs to such Lender of maintaining or obtaining any eurodollar deposits or increased costs, in each case, due to any Changes in Law occurring subsequent to the commencement of the then applicable Interest Period, including any Changes in
Law (including any changes in tax laws (except changes of general applicability in income tax laws or with respect to any Excluded Tax) and changes in the reserve requirements imposed by the Board of Governors, which additional or increased costs
would increase the cost of funding or maintaining loans bearing interest at the LIBOR Rate. In any such event, the affected Lender shall give Borrowers and Agent notice of such a determination and adjustment and Agent promptly shall transmit the
notice to each other Lender and, upon its receipt of the notice from the affected Lender, Borrowers may, by notice to such affected Lender (A) require such Lender to furnish to Borrowers a statement setting forth in reasonable detail the basis
for adjusting such LIBOR Rate and the method for determining the amount of such adjustment, or (B) repay the LIBOR Rate Loans of such Lender with respect to which such adjustment is made (together with any amounts due under
Section 2.11(b)(ii)). 
 (ii) In the event that any change in market conditions or any Change in Law shall at any time after
the date hereof, in the reasonable opinion of any Lender, make it unlawful or impractical for such Lender to fund or maintain LIBOR Rate Loans or to continue such funding or maintaining, or to determine or charge interest rates at the LIBOR Rate,
such Lender shall give notice of such changed circumstances to Agent and Borrowers and Agent promptly shall transmit the notice to each other Lender and (y) in the case of any LIBOR Rate Loans of such Lender that are outstanding, the date
specified in such Lender’s notice shall be deemed to be the last day of the Interest Period of such LIBOR 

  
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Rate Loans, and interest upon the LIBOR Rate Loans of such Lender thereafter shall accrue interest at the rate then applicable to Base Rate Loans, and (z) Borrowers shall not be entitled to
elect the LIBOR Option until such Lender determines that it would no longer be unlawful or impractical to do so. 
 (e) No Requirement of
Matched Funding. Anything to the contrary contained herein notwithstanding, neither Agent, nor any Lender, nor any of their Participants, is required actually to acquire eurodollar deposits to fund or otherwise match fund any Obligation as to
which interest accrues at the LIBOR Rate. 
 2.12 Capital Requirements. 

(a) If, after the Closing Date, Issuing Bank or any Lender determines that (i) any Change in Law regarding capital, liquidity or reserve
requirements for banks or bank holding companies, or (ii) compliance by Issuing Bank or such Lender, or their respective parent bank holding companies with any guideline, request or directive of any Governmental Authority regarding capital
adequacy or liquidity (whether or not having the force of law) given, made or that otherwise takes effect after the Closing Date, has the effect of reducing the return on Issuing Bank’s, such Lender’s, or such holding companies’
capital as a consequence of Issuing Bank’s commitments or such Lender’s Commitments, Loans or participations in Letters of Credit hereunder to a level below that which Issuing Bank, such Lender, or such holding companies could have
achieved but for such Change in Law or compliance (taking into consideration Issuing Bank’s, such Lender’s, or such holding companies’ then existing policies with respect to capital adequacy and liquidity and assuming the full
utilization of such entity’s capital) by any amount deemed by Issuing Bank or such Lender to be material, then Issuing Bank or such Lender may notify Borrowers and Agent thereof. Following receipt of such notice, Borrowers agree to pay Issuing
Bank or such Lender on demand the amount of such reduction of return of capital as and when such reduction is determined, payable within thirty (30) days after presentation by Issuing Bank or such Lender of a statement in the amount and setting
forth in reasonable detail Issuing Bank’s or such Lender’s calculation thereof and the assumptions upon which such calculation was based (which statement shall be deemed true and correct absent manifest error). In determining such amount,
Issuing Bank or such Lender may use any reasonable averaging and attribution methods. Failure or delay on the part of Issuing Bank or any Lender to demand compensation pursuant to this Section shall not constitute a waiver of Issuing Bank’s or
such Lender’s right to demand such compensation; provided that Borrowers shall not be required to compensate Issuing Bank or a Lender pursuant to this Section for any reductions in return incurred more than one hundred eighty (180) days
prior to the date that Issuing Bank or such Lender notifies Borrowers of such Change in Law giving rise to such reductions and of such Lender’s intention to claim compensation therefor; provided, further, that, if such claim arises by reason of
the Change in Law that is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

(b) If Issuing Bank or any Lender requests additional or increased costs referred to in Section 2.10(k) or
Section 2.11(d)(i) or amounts under Section 2.12(a) or sends a notice under Section 2.11(d)(ii) relative to changed circumstances (such Issuing Bank or Lender, an “Affected Lender”), then, at the
request of the Administrative Loan Party, such Affected Lender shall use reasonable efforts to promptly designate a different one of its lending offices or to assign its rights and obligations hereunder to another of its offices or branches, if
(i) in the reasonable judgment of such Affected Lender, such designation or assignment would eliminate or reduce amounts payable pursuant to Section 2.10(k), Section 2.11(d)(i) or Section 2.12(a), as
applicable, or would eliminate the illegality or impracticality of funding or maintaining LIBOR Rate Loans and (ii) in the reasonable judgment of such Affected Lender, such designation or assignment would not subject it to any material
unreimbursed cost or expense and would not otherwise be materially disadvantageous to it. Borrowers agree to pay all reasonable out-of-pocket costs and expenses incurred by such Affected Lender in connection with any such designation or

  
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assignment. If, after such reasonable efforts, such Affected Lender does not so designate a different one of its lending offices or assign its rights to another of its offices or branches so as
to eliminate Borrowers’ obligation to pay any future amounts to such Affected Lender pursuant to Section 2.10(k), Section 2.11(d)(i) or Section 2.12(a), as applicable, or to enable Borrowers to obtain LIBOR
Rate Loans, then Borrowers (without prejudice to any amounts then due to such Affected Lender under Section 2.10(k), Section 2.11(d)(i) or Section 2.12(a), as applicable) may, unless prior to the effective date of
any such assignment the Affected Lender withdraws its request for such additional amounts under Section 2.10(k), Section 2.11(d)(i) or Section 2.12(a), as applicable, or indicates that it is no longer unlawful or
impractical to fund or maintain LIBOR Rate Loans, may designate a different Issuing Bank or substitute a Lender, in each case, reasonably acceptable to Agent to purchase the Obligations owed to such Affected Lender and such Affected Lender’s
Commitments hereunder (a “Replacement Lender”), and if such Replacement Lender agrees to such purchase, such Affected Lender shall assign to the Replacement Lender its Obligations and commitments, and upon such purchase by the
Replacement Lender, which such Replacement Lender shall be deemed to be Issuing Bank” or a “Lender” (as the case may be) for purposes of this Agreement and such Affected Lender shall cease to be “Issuing Bank” or a
“Lender” (as the case may be) for purposes of this Agreement. 
 (c) Notwithstanding anything herein to the contrary, the
protection of Sections 2.10(k), 2.11(d) and 2.12 shall be available to Issuing Bank and each Lender (as applicable) regardless of any possible contention of the invalidity or inapplicability of the law, rule, regulation,
judicial ruling, judgment, guideline, treaty or other change or condition which shall have occurred or been imposed, so long as it shall be customary for issuing banks or lenders affected thereby to comply therewith. Notwithstanding any other
provision herein, neither Issuing Bank nor any Lender shall demand compensation pursuant to this Section 2.12 if it shall not at the time be the general policy or practice of Issuing Bank or such Lender (as the case may be) to demand
such compensation in similar circumstances under comparable provisions of other credit agreements, if any. 
 2.13 Accordion.

 (a) At any time, at the option of Borrowers (but subject to the conditions set forth in clause (b) below), the Revolver Commitments
may be increased by an amount in the aggregate for all such increases of the Revolver Commitments that will not result in the Maximum Revolver Amount being in excess of $450,000,000 (each such increase, an “Increase”). Agent shall
invite each Lender and/or prospective lenders that are reasonably acceptable to the Borrowers and Agent to participate in such proposed Increase (it being understood that no Lender shall be obligated to increase its Revolver Commitments) in
connection with a proposed Increase at the interest margin proposed by Borrowers, and if sufficient Lenders do not agree to increase their Revolver Commitments in connection with such proposed Increase, then Agent or Borrowers may invite any
prospective lender who is reasonably satisfactory to Agent and Borrowers to become a Lender in connection with a proposed Increase. Any Increase shall be in an amount of at least $20,000,000 and integral multiples of $5,000,000 in excess thereof. In
no event may the Revolver Commitments and the Maximum Revolver Amount be increased pursuant to this Section 2.13 on more than 4 occasions in the aggregate for all such Increases. Additionally, for the avoidance of doubt, it is understood and
agreed that in no event shall the aggregate amount of the Increases to the Revolver Commitments result in the Maximum Revolver Amount being in excess of $450,000,000. 

(b) Each of the following shall be conditions precedent to any Increase of the Revolver Commitments and the Maximum Revolver Amount in
connection therewith: 
 (i) Agent or Borrowers have obtained the commitment of one or more Lenders (or other prospective lenders)
reasonably satisfactory to Agent and Borrowers to provide the 

  
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applicable Increase and any such Lenders (or prospective lenders), Borrowers, and Agent have signed a joinder agreement to this Agreement (an “Increase Joinder”), in form and
substance reasonably satisfactory to Agent, to which such Lenders (or prospective lenders), Borrowers, and Agent are party, 
 (ii) each of
the conditions precedent set forth in Section 3.2 is satisfied, and 
 (iii) Borrowers shall have reached agreement with the
Lenders (or prospective lenders) agreeing to the increased Revolver Commitments with respect to the interest margins applicable to Revolving Loans to be made pursuant to the increased Revolver Commitments (which interest margins may be higher than
or equal to the interest margins applicable to Revolving Loans set forth in this Agreement immediately prior to the date of the increased Revolver Commitments (the date of the effectiveness of the increased Revolver Commitments and the Maximum
Revolver Amount, the “Increase Date”)) and shall have communicated the amount of such interest margins to Agent. Any Increase Joinder may, with the consent of Agent, Borrowers and the Lenders or prospective lenders agreeing to the
proposed Increase, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate to effectuate the provisions of this Section 2.13 (including any amendment necessary to effectuate the interest
margins for the Revolving Loans to be made pursuant to the increased Revolver Commitments). Anything to the contrary contained herein notwithstanding, if the interest margin that is to be applicable to the Revolving Loans to be made pursuant to the
increased Revolver Commitments are higher than the interest margin applicable to the Revolving Loans immediately prior to the applicable Increase Date (the amount by which the interest margin is higher, the “Excess”), then the
interest margin applicable to the Revolving Loans immediately prior to the Increase Date shall be increased by the amount of the Excess, effective on the applicable Increase Date, and without the necessity of any action by any party hereto. 

(c) Unless otherwise specifically provided herein, all references in this Agreement and any other Loan Document to Revolving Loans shall be
deemed, unless the context otherwise requires, to include Revolving Loans made pursuant to the increased Revolver Commitments and Maximum Revolver Amount pursuant to this Section 2.13. 

(d) Each of the Lenders having a Revolver Commitment prior to the Increase Date (the “Pre-Increase Revolver Lenders”) shall
assign to any Lender which is acquiring a new or additional Revolver Commitment on the Increase Date (the “Post-Increase Revolver Lenders”), and such Post-Increase Revolver Lenders shall purchase from each Pre-Increase Revolver
Lender, at the principal amount thereof, such interests in the Revolving Loans and participation interests in Letters of Credit on such Increase Date as shall be necessary in order that, after giving effect to all such assignments and purchases,
such Revolving Loans and participation interests in Letters of Credit will be held by Pre-Increase Revolver Lenders and Post-Increase Revolver Lenders ratably in accordance with their Pro Rata Share after giving effect to such increased Revolver
Commitments. 
 (e) The Revolving Loans, Revolver Commitments, and Maximum Revolver Amount established pursuant to this
Section 2.13 shall constitute Revolving Loans, Revolver Commitments, and Maximum Revolver Amount under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents, and shall, without limiting the
foregoing, benefit equally and ratably from any guarantees and the Liens created by the Loan Documents. Borrowers shall take any actions reasonably required by Agent to ensure and demonstrate that the Liens granted by the Loan Documents continue to
be perfected under the Code or otherwise after giving effect to the establishment of any such new Revolver Commitments and Maximum Revolver Amount. 

  
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 2.14 Joint and Several Liability of Borrowers. 

(a) Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial
accommodations to be provided by the Lender Group under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the
Obligations. 
 (b) Each Borrower, jointly and severally, hereby irrevocably and unconditionally accepts, not merely as a surety but also as
a co-debtor, joint and several liability with the other Borrowers, with respect to the payment and performance of all of the Obligations (including any Obligations arising under this Section 2.14 but excluding Excluded Swap Obligations),
it being the intention of the parties hereto that all the Obligations shall be the joint and several obligations of each Borrower without preferences or distinction among them. 

(c) If and to the extent that any Borrower shall fail to make any payment with respect to any of the Obligations as and when due or to perform
any of the Obligations in accordance with the terms thereof, then in each such event the other Borrowers will make such payment with respect to, or perform, such Obligation until such time as all of the Obligations are paid in full. 

(d) The Obligations of each Borrower under the provisions of this Section 2.14 constitute the absolute and unconditional, full
recourse Obligations of each Borrower enforceable against each Borrower to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of the provisions of this Agreement (other than this
Section 2.14(d)) or any other circumstances whatsoever. 
 (e) Except as otherwise expressly provided in this Agreement, each
Borrower hereby waives notice of acceptance of its joint and several liability, notice of any Revolving Loans or Letters of Credit issued under or pursuant to this Agreement, notice of the occurrence of any Default, Event of Default, or of any
demand for any payment under this Agreement, notice of any action at any time taken or omitted by Agent or Lenders under or in respect of any of the Obligations, any requirement of diligence or to mitigate damages and, generally, to the extent
permitted by applicable law, all demands, notices and other formalities of every kind in connection with this Agreement (except as otherwise provided in this Agreement). Each Borrower hereby assents to, and waives notice of, any extension or
postponement of the time for the payment of any of the Obligations, the acceptance of any payment of any of the Obligations, the acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence by Agent or Lenders at
any time or times in respect of any default by any Borrower in the performance or satisfaction of any term, covenant, condition or provision of this Agreement, any and all other indulgences whatsoever by Agent or Lenders in respect of any of the
Obligations, and the taking, addition, substitution or release, in whole or in part, at any time or times, of any security for any of the Obligations or the addition, substitution or release, in whole or in part, of any Borrower. Without limiting
the generality of the foregoing, each Borrower assents to any other action or delay in acting or failure to act on the part of any Agent or Lender with respect to the failure by any Borrower to comply with any of its respective Obligations,
including, without limitation, any failure strictly or diligently to assert any right or to pursue any remedy or to comply fully with applicable laws or regulations thereunder, which might, but for the provisions of this Section 2.14
afford grounds for terminating, discharging or relieving any Borrower, in whole or in part, from any of its Obligations under this Section 2.14, it being the intention of each Borrower that, so long as any of the Obligations hereunder
remain unsatisfied, the Obligations of each Borrower under this Section 2.14 shall not be discharged except by performance and then only to the extent of such performance. The Obligations of each Borrower under this
Section 2.14 shall not be diminished or rendered unenforceable by any winding up, reorganization, arrangement, liquidation, reconstruction or similar proceeding with respect to any other Borrower or any Agent or Lender. 

  
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 (f) Each Borrower represents and warrants to Agent and Lenders that such Borrower is currently
informed of the financial condition of Borrowers and of all other circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of the Obligations. Each Borrower further represents and warrants to Agent and Lenders
that such Borrower has read and understands the terms and conditions of the Loan Documents. Each Borrower hereby covenants that such Borrower will continue to keep informed of Borrowers’ financial condition and of all other circumstances which
bear upon the risk of nonpayment or nonperformance of the Obligations. 
 (g) The provisions of this Section 2.14 are made for
the benefit of Agent, each member of the Lender Group, each Bank Product Provider, and their respective successors and assigns, and may be enforced by it or them from time to time against any or all Borrowers as often as occasion therefor may arise
and without requirement on the part of Agent, any member of the Lender Group, any Bank Product Provider, or any of their successors or assigns first to marshal any of its or their claims or to exercise any of its or their rights against any Borrower
or to exhaust any remedies available to it or them against any Borrower or to resort to any other source or means of obtaining payment of any of the Obligations hereunder or to elect any other remedy. The provisions of this Section 2.14
shall remain in effect until all of the Obligations shall have been paid in full or otherwise fully satisfied. If at any time, any payment, or any part thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or
returned by Agent or any Lender upon the insolvency, bankruptcy or reorganization of any Borrower, or otherwise, the provisions of this Section 2.14 will forthwith be reinstated in effect, as though such payment had not been made. 

(h) Each Borrower hereby agrees that it will not enforce any of its rights of contribution or subrogation against any other Borrower with
respect to any liability incurred by it hereunder or under any of the other Loan Documents, any payments made by it to Agent or Lenders with respect to any of the Obligations or any collateral security therefor until such time as all of the
Obligations have been paid in full in cash. Any claim which any Borrower may have against any other Borrower with respect to any payments to any Agent or any member of the Lender Group hereunder or under any of the Bank Product Agreements are hereby
expressly made subordinate and junior in right of payment, without limitation as to any increases in the Obligations arising hereunder or thereunder, to the prior payment in full in cash of the Obligations and, in the event of any insolvency,
bankruptcy, receivership, liquidation, reorganization or other similar proceeding under the laws of any jurisdiction relating to any Borrower, its debts or its assets, whether voluntary or involuntary, all such Obligations shall be paid in full in
cash before any payment or distribution of any character, whether in cash, securities or other property, shall be made to any other Borrower therefor. 

(i) Each Borrower hereby agrees that after the occurrence and during the continuance of any Default or Event of Default, such Borrower will
not demand, sue for or otherwise attempt to collect any indebtedness of any other Borrower owing to such Borrower until the Obligations shall have been paid in full in cash. If, notwithstanding the foregoing sentence, such Borrower shall collect,
enforce or receive any amounts in respect of such indebtedness, such amounts shall be collected, enforced and received by such Borrower as trustee for Agent, and such Borrower shall deliver any such amounts to Agent for application to the
Obligations in accordance with Section 2.3(b). 
 (j) Each Qualified ECP Borrower hereby jointly and severally, absolutely and
unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Grantor to fulfill its Obligations in respect of Swap Obligations (provided, that, each Qualified ECP Borrower shall
only be liable for the maximum amount of such liability that can be incurred without resulting in the obligations of such Qualified ECP Borrower under this Section 2.14(j), or otherwise under the Loan Documents, being voidable under applicable
law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified 

  
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ECP Borrower under this Section 2.14(j) shall remain in full force and effect until the payment in full of the Obligations. Each Qualified ECP Borrower intends that this Section 2.14(j)
constitutes, and this Section 2.14(j) shall be deemed to constitute, a “keepwell, support, other agreement” for the benefit of each other Grantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

 

	3.	CONDITIONS; TERM OF AGREEMENT. 

 3.1 Conditions Precedent to the Initial Extension
of Credit. The obligation of each Lender to make the initial extensions of credit provided for hereunder is subject to the fulfillment, to the satisfaction of Agent and each Lender, of each of the conditions precedent set forth on
Schedule 3.1 (the making of such initial extensions of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent). 

3.2 Conditions Precedent to all Extensions of Credit. The obligation of the Lender Group (or any member thereof) to make any
Revolving Loans hereunder (or to extend any other credit hereunder) at any time shall be subject to the following conditions precedent: 

(a) the representations and warranties of Loan Parties contained in this Agreement or in the other Loan Documents shall be true and correct in
all material respects (except, that, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) on and as of the date of such
extension of credit, as though made on and as of such date (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material
respects (except, that, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of such earlier date); 

(b) no Default or Event of Default shall have occurred and be continuing on the date of such extension of credit, nor shall either result from
the making thereof; and 
 (c) after giving effect to the requested Revolving Loan or Letter of Credit issuance (or increase or extension
thereof), the Revolver Usage shall not exceed the lesser of the Maximum Revolver Amount or the Borrowing Base as then in effect. 
 3.3
Maturity. This Agreement shall continue in full force and effect for a term ending on the Maturity Date. 
 3.4 Effect
of Maturity. On the Maturity Date, all commitments of the Lender Group to provide additional credit hereunder shall automatically be terminated and all of the Obligations immediately shall become due and payable without notice or demand and
Borrowers shall be required to repay all of the Obligations in full, subject to and in accordance with Section 1.4. No termination of the obligations of the Lender Group (other than payment in full of the Obligations and termination of
the Commitments) shall relieve or discharge any Loan Party of its duties, obligations, or covenants hereunder or under any other Loan Document and Agent’s Liens in the Collateral shall continue to secure the Obligations and shall remain in
effect until all Obligations have been paid in full and the Commitments have been terminated. When all of the Obligations have been paid in full and the Lender Group’s obligations to provide additional credit under the Loan Documents have been
terminated irrevocably, Agent will, at Borrowers’ sole expense, execute and deliver any termination statements, lien releases, discharges of security interests, and other similar discharge or release documents (and, if applicable, in recordable
form) as are reasonably necessary to release, as of record, Agent’s Liens and all notices of security interests and liens previously filed by Agent. 

  
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 3.5 Early Termination by Borrowers. Borrowers have the option, at any time upon
five (5) Business Days prior written notice to Agent (or such shorter time as to which Agent may agree), to terminate this Agreement and terminate the Commitments hereunder by repaying to Agent all of the Obligations in full. The foregoing
notwithstanding, (a) Borrowers may rescind termination notices relative to proposed payments in full of the Obligations with the proceeds of third party Indebtedness if the closing for such issuance or incurrence does not happen on or before
the date of the proposed termination (in which case, a new notice shall be required to be sent in connection with any subsequent termination), and (b) Borrowers may extend the date of termination at any time with the consent of Agent (which
consent shall not be unreasonably withheld or delayed), but in no event beyond the Maturity Date. 
 3.6 Conditions
Subsequent. The obligation of the Lender Group (or any member thereof) to continue to make Revolving Loans (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of the conditions
subsequent set forth on Schedule 3.6 (the failure by Loan Parties to so perform or cause to be performed such conditions subsequent as and when required by the terms thereof (unless such date is extended, in writing, by Agent, which Agent may
do in its sole discretion and without obtaining the consent of the other members of the Lender Group), after giving effect to the applicable grace period provided in Section 8.2(b), shall constitute an Event of Default). 

 

	4.	REPRESENTATIONS AND WARRANTIES. 

 In order to induce the Lender Group to enter into this
Agreement, each Loan Party makes the following representations and warranties to the Lender Group which shall be true, correct, and complete, in all material respects (except, that, such materiality qualifier shall not be applicable to
any representations and warranties that already are qualified or modified by materiality in the text thereof), as of the Closing Date, and shall be true, correct, and complete, in all material respects (except, that, such materiality
qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof), as of the date of the making of each Revolving Loan (or other extension of credit) made thereafter,
as though made on and as of the date of such Revolving Loan (or other extension of credit) (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations and warranties shall be
true and correct in all material respects (except, that, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of such
earlier date) and such representations and warranties shall survive the execution and delivery of this Agreement. 
 4.1 Due
Organization and Qualification; Subsidiaries. 
 (a) Each Loan Party (i) is duly organized and existing and in good standing
under the laws of the jurisdiction of its organization, (ii) is qualified to do business in any state where the failure to be so qualified could reasonably be expected to result in a Material Adverse Effect, and (iii) has all requisite
power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted. 
 (b) Set
forth on Schedule 4.1(b) is a complete and accurate description, as of the Closing Date, of the authorized Equity Interests of each Loan Party and its Subsidiaries and the ownership interest of each Loan Party (other than Parent) and its
respective Subsidiaries. All of the outstanding Equity Interests of each Loan Party and each such Subsidiary have been validly issued and, in the case of such Subsidiaries that are corporations, are fully paid and non-assessable. 

(c) Except as set forth on Schedule 4.1(c), as of the Closing Date, there are no subscriptions, options, warrants, or calls relating to
any shares of any Loan Party’s or any of its Subsidiaries’ Equity Interests, including any right of conversion or exchange under any outstanding security or other instrument. 

  
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 4.2 Due Authorization; No Conflict. 

(a) As to each Loan Party, the execution, delivery, and performance by such Loan Party of the Loan Documents to which it is a party have been
duly authorized by all necessary corporate or other organizational action on the part of such Loan Party. 
 (b) As to each Loan Party, the
execution, delivery, and performance by such Loan Party of the Loan Documents to which it is a party do not (i) violate any provision of federal, state, or local law or regulation applicable to any Loan Party, except for such violations that
could not individually or in the aggregate reasonably be expect to cause a Material Adverse Effect, the Governing Documents of any Loan Party, or any order, judgment, or decree of any court or other Governmental Authority binding on any Loan Party,
(ii) conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under any material agreement of any Loan Party where any such conflict, breach or default could individually or in the aggregate
reasonably be expected to have a Material Adverse Effect, (iii) result in or require the creation or imposition of any Lien of any nature whatsoever upon any assets of any Loan Party, other than Permitted Liens, or (iv) require any
approval of any holder of Equity Interests of a Loan Party or any approval or consent of any Person under any material agreement of any Loan Party, other than consents or approvals that have been obtained and that are still in force and effect and
except, in the case of material agreements, for consents or approvals, the failure to obtain could not individually or in the aggregate reasonably be expected to cause a Material Adverse Effect. 

4.3 Governmental Consents. The execution, delivery, and performance by each Loan Party of the Loan Documents to which such Loan
Party is a party and the consummation of the transactions contemplated by the Loan Documents do not and will not require any registration with, consent, or approval of, or notice to, or other action with or by, any Governmental Authority, other than
(i) registrations, consents, approvals, notices, or other actions that have been obtained and that are still in force and effect, (ii) filings and recordings with respect to the Collateral to be made, or otherwise delivered to Agent for
filing or recordation, substantially simultaneously with the Closing Date and (iii) other registrations, consents, approvals, notices, or other actions the failure to make or obtain could not individually or in the aggregate reasonably be
expected to cause a Material Adverse Effect. 
 4.4 Binding Obligations; Perfected Liens. 

(a) Each Loan Document has been duly executed and delivered by each Loan Party that is a party thereto and is the legally valid and binding
obligation of such Loan Party, enforceable against such Loan Party in accordance with its respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws
relating to or limiting creditors’ rights generally. 
 (b) The Liens granted pursuant to the Guaranty and Security Agreement are
validly created and, to the extent required pursuant to the provisions of the Guaranty and Security Agreement, when (i) financing statements are filed in the appropriate office and (ii) Agent takes possession or control of the Collateral
with respect to which a security interest may be perfected only be possession or control (which possession or control shall be given to Agent to the extent possession or control by Agent is required by the Guaranty and Security Agreement), such
Liens will be perfected, and first priority Liens, subject only to Permitted Liens. 

  
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 4.5 Title to Assets; No Encumbrances. Each of the Loan Parties and its Subsidiaries
has (a) good and legal title to (in the case of fee interests in Real Property), (b) valid leasehold interests in (in the case of leasehold interests in real or personal property), and (c) good and marketable title to (in the case of
all other personal property), all of their respective assets reflected in their most recent financial statements delivered pursuant to Section 5.1, in each case except for assets disposed of since the date of such financial statements to
the extent permitted hereby and except for such defects in title or interests as could not individually or in the aggregate reasonably be expected to cause a Material Adverse Effect. All of such assets are free and clear of Liens except for
Permitted Liens. 
 4.6 Litigation. 

There are no actions, suits, or proceedings pending or, to the knowledge of any Loan Party, after due inquiry, threatened in writing against a
Loan Party or any of its Subsidiaries as to which, either individually or in the aggregate, there is a reasonable possibility of an adverse determination that could reasonably be expected to result in a Material Adverse Effect. 

4.7 Compliance with Laws. No Loan Party nor any of its Subsidiaries (a) is in violation of any applicable laws, rules,
regulations, executive orders, or codes (including Environmental Laws) that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, or (b) is subject to or in default with respect to any final
judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that, individually or in the
aggregate, could reasonably be expected to result in a Material Adverse Effect. 
 4.8 No Material Adverse Effect. All
historical financial statements relating to the Loan Parties and their Subsidiaries that have been delivered by Loan Parties to Agent have been prepared in accordance with GAAP (except, in the case of unaudited financial statements, for the lack of
footnotes and being subject to year-end audit adjustments) and present fairly in all material respects, the Loan Parties’ and their Subsidiaries’ consolidated financial condition as of the date thereof and results of operations for the
period then ended. Since December 31, 2013, no event, circumstance, or change has occurred that has or could reasonably be expected to result in a Material Adverse Effect with respect to the Loan Parties and their Subsidiaries. 

4.9 Solvency. 

(a) Loan Parties and their Subsidiaries on a consolidated basis are Solvent. 

(b) No transfer of property is being made by any Loan Party and no obligation is being incurred by any Loan Party in connection with the
transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of such Loan Party. 

4.10 Employee Benefits. 

(a) Each Loan Party and each of the ERISA Affiliates has complied with ERISA, the IRC and all applicable laws regarding each Benefit Plan
except to the extent the failure to comply with such laws could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 

  
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 (b) Each Benefit Plan is, and has been, maintained in compliance with ERISA, the IRC, all
applicable laws and the terms of each such Benefit Plan except to the extent the failure to comply could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 

(c) Each Benefit Plan that is intended to qualify under Section 401(a) of the IRC has received a favorable determination letter from the
Internal Revenue Service or an application for such letter is currently being processed by the Internal Revenue Service. To the best knowledge of each Loan Party and the ERISA Affiliates after due inquiry, nothing has occurred which would prevent,
or cause the loss of, such qualification. 
 (d) No ERISA Event exists or has occurred in the past six (6) years nor does any Loan
Party, nor any of its Subsidiaries or ERISA Affiliates have an Unfunded Pension Liability in any Benefit Plan, except as could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 

4.11 Environmental Condition. Except as could not reasonably be expected, individually or in the aggregate, to have a Material
Adverse Effect, (a) to each Loan Party’s knowledge, no Loan Party’s nor any of its Subsidiaries’ properties or assets has ever been used by a Loan Party, its Subsidiaries, or by previous owners or operators in the disposal of, or
to produce, store, handle, treat, release, or transport, any Hazardous Materials, where such disposal, production, storage, handling, treatment, release or transport was in violation, in any material respect, of any applicable Environmental Law,
(b) to each Loan Party’s knowledge, after due inquiry, no Loan Party’s nor any of its Subsidiaries’ properties or assets has ever been designated or identified in any manner pursuant to any environmental protection statute as a
Hazardous Materials disposal site, (c) to each Loan Party’s knowledge, no Loan Party nor any of its Subsidiaries has received notice that a Lien arising under any Environmental Law has attached to any revenues or to any Real Property owned
or operated by a Loan Party or its Subsidiaries, and (d) to each Loan Party’s knowledge, no Loan Party nor any of its Subsidiaries nor any of their respective facilities or operations is subject to any outstanding written order, consent
decree, or settlement agreement with any Person relating to any Environmental Law or Environmental Liability. 
 4.12 Complete
Disclosure. All factual information taken as a whole (other than forward-looking information and projections (including the Projections) and information of a general economic nature and general information about Loan Parties’ industry)
furnished by or on behalf of a Loan Party or its Subsidiaries in writing to Agent or any Lender (including all information contained in the Schedules hereto or in the other Loan Documents) for purposes of or in connection with this Agreement or the
other Loan Documents, and all other such factual information taken as a whole (other than forward-looking information and projections (including Projections) and information of a general economic nature and general information about Loan
Parties’ industry) hereafter furnished by or on behalf of a Loan Party or its Subsidiaries in writing to Agent or any Lender will be, true and accurate, in all material respects, on the date as of which such information is dated or certified
and not incomplete by omitting to state any fact necessary to make such information (taken as a whole) not misleading in any material respect at such time in light of the circumstances under which such information was provided. The Projections
delivered to Agent on May 21, 2014 represent, and as of the date on which any other Projections are subsequently delivered to Agent, such additional Projections will represent, Loan Parties’ good faith estimate, on the date such
Projections are delivered, of the Loan Parties’ and their Subsidiaries’ future performance for the periods covered thereby based upon assumptions believed by Loan Parties to be reasonable at the time of the delivery thereof to Agent (it
being understood that such Projections are subject to significant uncertainties and contingencies, many of which are beyond the control of the Loan Parties and their Subsidiaries, and no assurances can be given that such Projections will be
realized, and although reflecting Loan Parties’ good faith estimate, projections or forecasts based on methods and assumptions which Loan Parties believed to be reasonable at the time such Projections were prepared, are not to be viewed as
facts, and that actual results during the period or periods covered by the Projections may differ materially from projected or estimated results). 

  
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 4.13 Patriot Act. To the extent applicable, each Loan Party is in compliance, in
all material respects, with the (a) Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling
legislation or executive order relating thereto, and (b) Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot Act of 2001) (the “Patriot Act”). No part of
the proceeds of the loans made hereunder will be used by any Loan Party or any of their Affiliates, directly or, or to the knowledge of any Loan Party, indirectly, for any payments to any governmental official or employee, political party, official
of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of
1977, as amended. 
 4.14 Indebtedness. Set forth on Schedule 4.14 is a true and complete list of all Indebtedness
described in clauses (b), (n) and (t) of Permitted Indebtedness of each Loan Party and each of its Subsidiaries outstanding immediately prior to the Closing Date that is to remain outstanding immediately after giving effect to the closing
hereunder on the Closing Date and such Schedule accurately sets forth the aggregate principal amount of such Indebtedness as of the Closing Date and the date on which such Indebtedness was incurred. 

4.15 Payment of Taxes. Except as otherwise permitted under Section 5.5, all material tax returns and reports of each
Loan Party and its Subsidiaries required to be filed by any of them have been timely filed, and all taxes shown on such tax returns to be due and payable and all material assessments, fees and other governmental charges upon a Loan Party and its
Subsidiaries and upon their respective assets, income, businesses and franchises that are due and payable have been paid when due and payable. Each Loan Party and each of its Subsidiaries have made adequate provision in accordance with GAAP for all
taxes not yet due and payable. No Loan Party knows of any proposed tax assessment against a Loan Party or any of its Subsidiaries that is not being actively contested by such Loan Party or such Subsidiary diligently, in good faith, and by
appropriate proceedings; provided such reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP shall have been made or provided therefor. 

4.16 Margin Stock. No Loan Party nor any of its Subsidiaries is engaged principally, or as one of its important activities, in
the business of extending credit for the purpose of purchasing or carrying any Margin Stock. No part of the proceeds of the loans made to Borrowers will be used to purchase or carry any Margin Stock or to extend credit to others for the purpose of
purchasing or carrying any Margin Stock or for any purpose that violates the provisions of Regulation T, U or X of the Board of Governors. 

4.17 Governmental Regulation. No Loan Party nor any of its Subsidiaries is subject to regulation under the Investment Company
Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. No Loan Party nor any of its Subsidiaries is a
“registered investment company” or a company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company” as such terms are defined in the
Investment Company Act of 1940. 
 4.18 OFAC. No Loan Party nor any of its Subsidiaries is in violation of any of the country
or list based economic and trade sanctions administered and enforced by OFAC. No Loan Party nor any of 

  
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its Subsidiaries (a) is a Sanctioned Person or a Sanctioned Entity, (b) has its assets located in Sanctioned Entities, or (c) derives revenues from investments in, or transactions
with Sanctioned Persons or Sanctioned Entities. No proceeds of any loan made hereunder will be used directly or, to the knowledge of any Loan Party, indirectly, to fund any operations in, finance any investments or activities in, or make any
payments to, a Sanctioned Person or a Sanctioned Entity. 
 4.19 Employee and Labor Matters. There is (i) no unfair labor
practice complaint pending or, to the knowledge of any Loan Party, threatened against Parent or its Subsidiaries before any Governmental Authority and no grievance or arbitration proceeding pending or, to the knowledge or any Loan Party, threatened
against Parent or its Subsidiaries which arises out of or under any collective bargaining agreement and that could reasonably be expected to result in a Material Adverse Effect, or (ii) no strike, labor dispute, slowdown, stoppage or similar
action or grievance pending or, to the knowledge or any Loan Party, threatened in writing against Parent or its Subsidiaries that could reasonably be expected to result in a Material Adverse Effect. None of Parent or its Subsidiaries has incurred
any liability or obligation under the Worker Adjustment and Retraining Notification Act or similar state law, which remains unpaid or unsatisfied. The hours worked and payments made to employees of Parent and its Subsidiaries have not been in
violation of the Fair Labor Standards Act or any other applicable legal requirements, except to the extent such violations could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. All material
payments due from Parent or its Subsidiaries on account of wages and employee health and welfare insurance and other benefits have been paid or accrued as a liability on the books of Parent, except where the failure to do so could not, individually
or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 
 4.20 Material Contracts. Except for
matters which, either individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, each Material Contract (other than those that have expired at the end of their normal terms) (a) is (or
substantially concurrently with the making of the initial Loans, will be) (i) in full force and effect and (ii) binding upon and enforceable against the applicable Loan Party and, to each Loan Party’s knowledge, each other Person that
is a party thereto in accordance with its terms, (b) has not been otherwise amended or modified (other than amendments or modifications permitted by Section 6.6(b)), and (c) is not in default due to the action or inaction of
the applicable Loan Party. 
 4.21 Eligible Accounts; Eligible Unbilled Accounts. As to each Account that is identified by
Borrowers as an Eligible Account or an Eligible Unbilled Account in a Borrowing Base Certificate submitted to Agent, such Account is (a) a bona fide existing payment obligation of the applicable Account Debtor created by the sale and delivery
of Inventory or the rendition of services to such Account Debtor in the ordinary course of the Borrowers’ business, (b) owed to a Borrower without any known defenses, disputes, offsets, counterclaims, or rights of return or cancellation,
and (c) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definition of Eligible Accounts or Eligible Unbilled Accounts, as applicable. 

4.22 Intellectual Property. Each Loan Party and its Subsidiaries own, or hold licenses in, all trademarks, trade names,
copyrights, patents, and licenses that are necessary to the conduct of its business as currently conducted, except where the failure to own, hold, license or otherwise have a right to use any of the foregoing, individually or in the aggregate, could
not reasonably be expected to have a Material Adverse Effect. 
 4.23 Spin Off Documents. The Spin Off Registration Statement
has been declared effective by the SEC. Substantially concurrently with the making of the initial Loans, the Spin-Off Documents will be in full force and effect. No Loan Party is in default in the performance or compliance with any provisions
thereof. 

  
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 4.24 Insurance. As of the Closing Date, each Loan Party and its Subsidiaries
maintain insurance in accordance with Section 5.6, and such insurance is in full force and effect. 
 4.25 No
Default. No Default or Event of Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement to occur on the Closing Date. 

 

	5.	AFFIRMATIVE COVENANTS. 

 Each Loan Party covenants and agrees that, until termination of
all of the Commitments and payment in full of the Obligations, Loan Parties shall, and shall cause each of their Subsidiaries to, comply with each of the following: 

5.1 Financial Statements, Reports, Certificates. (a) Parent will (or shall cause to be delivered) deliver to Agent (and if
so requested by Agent, with copies for each Lender), each of the financial statements, reports, and other items set forth on Schedule 5.1 no later than the times specified therein, (b) no Subsidiary of such Loan Party will have a
fiscal year different from that of Parent, (c) such Loan Party agrees to maintain a system of accounting that enables Parent to produce consolidated financial statements in accordance with GAAP, and (d) agrees that it will, and will cause
each of its Subsidiaries to, (i) keep a reporting system that shows all additions, sales, claims, returns, and allowances with respect to its and its Subsidiaries’ sales, and (ii) maintain their billing systems and practices
substantially as in effect as of the Closing Date and shall only make material modifications thereto with notice to, and with the consent of, Agent (which shall not unreasonably be withheld, conditioned or delayed). 

5.2 Reporting. Loan Parties (a) will deliver to Agent (and if so requested by Agent, with copies for each Lender) each of
the reports set forth on Schedule 5.2 at the times specified therein, and (b) agree to use commercially reasonable efforts in cooperation with Agent to facilitate and implement a system of electronic collateral reporting in order to
provide electronic reporting of each of the items set forth on such Schedule. 
 5.3 Existence. Except as otherwise permitted
under Section 6.3 or Section 6.4, (a) each Borrower will at all times preserve and keep in full force and effect its valid existence and good standing in its jurisdiction of organization, (b) except as could not
reasonably be expected to result in a Material Adverse Effect, each Loan Party (other than a Borrower) will, and will cause each of its Subsidiaries (other than a Borrower) to, at all times preserve and keep in full force and effect its valid
existence and good standing in its jurisdiction of organization, (c) except as could not reasonably be expected to result in a Material Adverse Effect, each Loan Party will, and will cause each of its Subsidiaries to, at all times preserve and
keep in full force and effect its valid existence and good standing in all other jurisdictions in which it is qualified to do business and (d) except as could not reasonably be expected to result in a Material Adverse Effect , each Loan Party
will, and will cause each of its Subsidiaries, to maintain any rights, franchises, permits, licenses, accreditations, authorizations, or other approvals material to their businesses. 

5.4 Maintenance of Properties. Each Loan Party will, and will cause each of its Subsidiaries to, maintain and preserve all of
its assets that are necessary or useful in the proper conduct of its business in good working order and condition, ordinary wear, tear, casualty, and condemnation and Permitted Dispositions excepted (and except where the failure to so maintain and
preserve assets could not reasonably be expected to result in a Material Adverse Effect). 

  
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 5.5 Taxes. Each Loan Party will, and will cause each of its Subsidiaries to, pay in
full before delinquency or before the expiration of any extension period all material governmental assessments and Taxes imposed, levied, or assessed against it, or any of its assets or in respect of any of its income, businesses, or franchises,
except to the extent that (a) the validity of such governmental assessment or tax is the subject of a Permitted Protest or (b) the failure to pay such governmental assessement or Tax could not reasonably be expected to result in a Material
Adverse Effect. 
 5.6 Insurance. The Loan Parties will maintain or cause to be maintained (on behalf of themselves and their
Subsidiaries) insurance respecting the Loan Parties’ and their Subsidiaries’ assets wherever located, covering liabilities, losses or damages as are customarily insured against by other Persons engaged in same or similar businesses and
similarly situated and located. All such policies of insurance shall be with financially sound and reputable insurance companies reasonably acceptable to Agent (it being agreed that as of the Closing Date, Colony Insurance Company, Liberty Insurance
Corporation, Liberty Mutual Fire Insurance Company, Associated Electric & Gas Insurance Services, National Fire & Marine Insurance Company and Starr Indemnity & Liability Company are acceptable to Agent), and in such
amounts as is carried generally in accordance with sound business practice by companies in similar businesses similarly situated and located. By no later than the date described on Schedule 3.6, all property insurance policies covering the
Collateral are to be made payable to Agent for the benefit of Agent and the Lenders, as their interests may appear, in case of loss, pursuant to a standard lender loss payable endorsement with a standard non contributory “lender” or
“secured party” clause and are to contain such other provisions as Agent may reasonably require to fully protect the Lenders’ interest in the Collateral and to any payments to be made under such policies. By no later than the date
described on Schedule 3.6, all certificates of property and general liability insurance are to be delivered to Agent, with the lender loss payable (but only in respect of Collateral) and additional insured endorsements in favor of Agent and
the Loan Parties shall use commercially reasonable efforts to cause the applicable insurance company to provide for not less than thirty (30) days (ten (10) days in the case of non-payment) prior written notice to Agent of the exercise of
any right of cancellation. If any Loan Party or its Subsidiaries fails to maintain of cause to be maintained on their behalf such insurance, Agent may, in its Permitted Discretion and after giving the Loan Parties prior written notice of the same
(unless an Event of Default has occurred and is continuing, in which case no such prior notice is necessary), arrange for such insurance, but at Loan Parties’ expense and without any responsibility on Agent’s part for obtaining the
insurance, the solvency of the insurance companies, the adequacy of the coverage, or the collection of claims. Loan Parties shall give Agent prompt notice of any loss exceeding $10,000,000 covered by their or their Subsidiaries’ casualty
insurance. Upon the occurrence and during the continuance of an Event of Default, Agent shall have the sole right to file claims under any property and general liability insurance policies in respect of the Collateral, to receive, receipt and give
acquittance for any payments that may be payable thereunder, and to execute any and all endorsements, receipts, releases, assignments, reassignments or other documents that may be necessary to effect the collection, compromise or settlement of any
claims under any such insurance policies. 
 5.7 Inspection. Each Loan Party will, and will cause each of its Subsidiaries to,
permit Agent, any Lender and each of their respective duly authorized representatives or agents to visit any of its properties and inspect any of its assets or books and records, to examine and make copies of its books and records, and to discuss
its affairs, finances, and accounts with, and to be advised as to the same by, its officers and employees, subject as to expense reimbursement to the limitations set forth in Section 2.9 (provided an authorized representative of a Loan Party
shall be allowed to be present), at such reasonable times and intervals as Agent may designate and, so long as no Default or Event of Default has occurred and is continuing, with reasonable prior notice to Loan Parties and during regular business
hours. At its sole cost and expense, any Lender can accompany Agent on any such visit or inspection, in accordance with the above provisions of this Section. 

  
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 5.8 Compliance with Laws. Each Loan Party will, and will cause each of its
Subsidiaries to, comply with the requirements of all applicable laws, rules, regulations, and orders of any Governmental Authority, other than laws, rules, regulations, and orders the non-compliance with which, individually or in the aggregate,
could not reasonably be expected to result in a Material Adverse Effect. 
 5.9 Environmental. Each Loan Party will, and will
cause each of its Subsidiaries to, 
 (a) Keep any property either owned or operated by any Loan Party or its Subsidiaries free of any
Environmental Liens or post bonds or other financial assurances sufficient to satisfy the obligations or liability evidenced by such Environmental Liens, except as could not reasonably be expected to have a Material Adverse Effect, 

(b) Comply with Environmental Laws and provide to Agent documentation of such compliance which Agent reasonably requests, except as could not
reasonably be expected to have a Material Adverse Effect, 
 (c) Promptly, but in any event within five (5) Business Days after
obtaining knowledge thereof, notify Agent of any material release of which any Loan Party has knowledge of a Hazardous Material in any reportable quantity from or onto property owned or operated by any Loan Party or its Subsidiaries and take any
Remedial Actions required by and in accordance with applicable law to abate said release or otherwise to come into compliance, in all material respects, with applicable Environmental Law, and 

(d) Promptly, but in any event within ten (10) Business Days of its receipt thereof, provide Agent with written notice of any of the
following: (i) notice that an Environmental Lien has been filed against any of the real or personal property of a Loan Party or its Subsidiaries and (ii) written notice of a commencement of any material Environmental Action or written
notice that an Environmental Action will be filed against a Loan Party or its Subsidiaries. 
 5.10 [Intentionally Omitted]

 5.11 Formation of Subsidiaries. Each Loan Party will, at the time that any Loan Party forms any direct or indirect Domestic
Subsidiary or acquires any direct or indirect Domestic Subsidiary after the Closing Date, within thirty (30) days of such formation or acquisition (or such later date as permitted by Agent in its sole discretion), (a) cause such new
Domestic Subsidiary to provide to Agent a joinder to the Guaranty and Security Agreement, together with such other security agreements, as well as appropriate financing statements, all in form and substance reasonably satisfactory to Agent
(including being sufficient to grant Agent a first priority Lien (subject to Permitted Liens) in and to the assets of such newly formed or acquired Domestic Subsidiary of the type constituting Collateral); provided, that, the joinder
to the Guaranty and Security Agreement, and such other security agreements shall not be required to be provided to Agent with respect to any Subsidiary of any Loan Party that is an Excluded Subsidiary and (b) provide to Agent all other
documentation, including one or more customary opinions of counsel reasonably satisfactory to Agent, as are appropriate with respect to the execution and delivery of the applicable documentation referred to above. Any document, agreement, or
instrument executed or issued by a Loan Party or Subsidiary of a Loan Party pursuant to this Section 5.11 shall constitute a Loan Document. If, at any time and from time to time after the Closing Date, a Subsidiary, pursuant to the
definition of the term “Immaterial Subsidiary”, is required to comply with the provisions of this Section 5.11, then Loan Parties shall, not later than thirty (30) days (or such later date as permitted by the Agent in its
sole discretion) after the date by which financial statements for the most recently ended Reference Period are required to be delivered pursuant to this Agreement, cause one or more such Subsidiaries to become additional Loan Parties such that the
requirements in the definition of “Immaterial Subsidiary” 

  
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are complied with. If, within fourteen (14) days after the Closing Date, Agent has not received evidence, in form and substance reasonably satisfactory to Agent, that Thunder Oilfield
Services, L.L.C. has either been dissolved or has been merged with and into a Loan Party (with such Loan Party as the surviving entity), SSO will cause Thunder Oilfield Services, L.L.C. to comply with the provisions of this Section 5.11
as if it were a newly formed Subsidiary. 
 5.12 Further Assurances. Each Loan Party will, and will cause each of its
Subsidiaries that is a Loan Party to, at any time upon the reasonable request of Agent, execute or deliver to Agent any and all financing statements, security agreements, pledges, assignments, opinions of counsel, and all other documents (the
“Additional Documents”) that Agent may reasonably request in form and substance reasonably satisfactory to Agent, to create, perfect, and continue perfected or to better perfect (to the extent required by the Guaranty and Collateral
Agreement) Agent’s Liens in all of the assets of the Loan Parties of the type constituting Collateral (whether now owned or hereafter arising or acquired, tangible or intangible and in order to fully consummate all of the transactions
contemplated hereby and under the other Loan Documents. To the maximum extent permitted by applicable law, if any Borrower or any other Loan Party refuses or fails to execute or deliver any reasonably requested Additional Documents within a
reasonable period of time following the request to do so, each Borrower and each other Loan Party hereby authorizes Agent to execute any such Additional Documents in the applicable Loan Party’s name and authorizes Agent to file such executed
Additional Documents in any appropriate filing office. In furtherance of, and not in limitation of, the foregoing, each Loan Party shall take such actions as Agent may reasonably request from time to time to ensure that the Obligations are
guarantied by the Guarantors and are secured by substantially all of the assets of each of the Loan Parties of the type constituting Collateral. 

5.13 Lender Meetings. Loan Parties will, within one hundred twenty (120) days after the close of each fiscal year of
Parent, at the request of Agent or of the Required Lenders and upon reasonable prior notice, hold a meeting (at a mutually agreeable location and time or, at the option of Agent, by conference call) with all Lenders who choose to attend such meeting
at which meeting shall be reviewed the financial results of the previous fiscal year and the financial condition of Loan Parties and their Subsidiaries and the projections presented for the current fiscal year of Loan Parties. 

5.14 Collateral Access Agreements. Each Loan Party will use its commercially reasonable efforts to cause to be delivered to
Agent an executed Collateral Access Agreement with respect to any location where any Loan Party’s primary books and records relating to Collateral are maintained. 

5.15 Permits; Licenses. Except as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect, the Loan Parties shall obtain and maintain all permits, licenses, approvals, consents, certificates, orders or authorizations of any Governmental Authority required for the lawful conduct of their business. 

5.16 New Locations of Books and Records. Each Loan Party (or any Loan Party on behalf of the Loan Parties) shall give Agent
prompt written notice of any new location where a Loan Party’s primary books and records relating to Collateral are maintained. 
  

	6.	NEGATIVE COVENANTS. 

 Each Loan Party covenants and agrees that, until termination of all
of the Commitments and payment in full of all Obligations: 
 6.1 Indebtedness. Each Loan Party will not, and will not permit
any of its Subsidiaries to, create, incur, assume, suffer to exist, guarantee, or otherwise become or remain, directly or indirectly, liable with respect to any Indebtedness, except for Permitted Indebtedness. 

  
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 6.2 Liens. Each Loan Party will not, and will not permit any of its Subsidiaries
to, create, incur, assume, or suffer to exist, directly or indirectly, any Lien on or with respect to any of its assets, of any kind, whether now owned or hereafter acquired, or any income or profits therefrom, except for Permitted Liens. 

6.3 Restrictions on Fundamental Changes. Each Loan Party will not, and will not permit any of its Subsidiaries to, 

(a) Other than in order to consummate a Permitted Acquisition or to consummate the Spin-off Transactions, enter into any merger, consolidation
or amalgamation, except for (i) any merger, consolidation or amalgamation between Loan Parties; provided, that, a Borrower must be the surviving entity of any such transaction to which it is a party, (ii) any merger,
consolidation or amalgamation between a Loan Party and a Subsidiary of such Loan Party that is not a Loan Party so long as such Loan Party is the surviving entity of any such transaction, and (iii) any merger, consolidation or amalgamation
between Subsidiaries of any Loan Party that are not Loan Parties, 
 (b) liquidate, wind up, or dissolve itself (or suffer any liquidation
or dissolution), except for (i) the liquidation or dissolution of Subsidiaries of any Loan Party with nominal assets and nominal liabilities, (ii) the liquidation or dissolution of a Loan Party (other than any Loan Party) or any of its
wholly-owned Subsidiaries so long as all of the assets (including any interest in any Equity Interests) of such liquidating or dissolving Loan Party or Subsidiary are transferred to a Loan Party that is not liquidating or dissolving, or
(iii) the liquidation or dissolution of a Subsidiary of any Loan Party that is not a Loan Party so long as either (x) all of the assets of such liquidating or dissolving Subsidiary are transferred to a Subsidiary of a Loan Party that is
not liquidating or dissolving or (y) Parent determines in good faith that such liquidation or dissolution is in the best interests of the Borrowers and is not materially disadvantageous to the Lenders, or 

(c) suspend or cease operating a substantial portion of its or their business, except as permitted pursuant to clauses (a) or
(b) above or in connection with a transaction permitted under Section 6.4. 
 6.4 Disposal of Assets. Other
than Permitted Dispositions or transactions expressly permitted by Sections 6.3 or 6.9, each Loan Party will not, and will not permit any of its Subsidiaries to convey, sell, lease, license, assign, transfer, or otherwise dispose of
any of its or their assets. 
 6.5 Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries
to, engage in any line of business substantially different from those lines of business conducted by the Parent and its Subsidiaries on the date hereof or any business substantially related or incidental thereto or to any onshore United States
oilfield service business. 
 6.6 Prepayments and Amendments. Each Loan Party will not, and will not permit any of its
Subsidiaries to, 
 (a) Except in connection with Refinancing Indebtedness permitted by Section 6.1, 

(i) optionally prepay, redeem, defease, purchase, or otherwise acquire the principal amount of any Indebtedness of any Loan Party or its
Subsidiaries (and, for the avoidance of 

  
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doubt, any mandatory prepayment or redemption of Indebtedness arising by virtue of any requirements under the terms thereof in respect of mandatory prepayments or offers to repay or redeem in
connection with any asset sale, recovery event, change of control, or similar event shall not be prohibited hereunder), other than (A) the Obligations in accordance with this Agreement, (B) Permitted Intercompany Advances (other than of
the type described in clause (c) of such definition), (C) any Indebtedness in an amount not to exceed $10,000,000 in the aggregate during the term of this Agreement so long as, as of the date of any such payment and after giving effect
thereto, no Default or Event of Default shall exist or have occurred and be continuing, and (D) any other Indebtedness (including Permitted Intercompany Advances of the type described in clause (c) of such definition) so long as
(1) the Payment Conditions are satisfied, (2) Agent shall have received no less than three (3) Business Days prior written notice of such transaction or payment (or such shorter period as Agent may agree) and (3) Agent shall have
received a Payment Conditions Certificate, or 
 (ii) make any payment on account of Indebtedness that has been contractually subordinated
in right of payment to the Obligations if such payment is not permitted at such time under the applicable subordination terms and conditions for such Indebtedness, or 

(b) Directly or indirectly, amend, modify, or change any of the terms or provisions of 

(i) any agreement, instrument, document, indenture, or other writing evidencing or concerning Permitted Indebtedness that is contractually
subordinated to the Obligations (other than the Permitted Intercompany Advances) unless such amendment, modification or change could not reasonably be expected to be materially adverse to the interests of the Lenders, 

(ii) the Governing Documents of any Loan Party or any of its Subsidiaries if the effect thereof, either individually or in the aggregate,
could reasonably be expected to be materially adverse to the interests of the Lenders, or 
 (iii) any Material Contract except to the
extent that such amendment, modification, or change could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 

6.7 Restricted Payments. Each Loan Party will not, and will not permit any of its Subsidiaries to make any Restricted Payment;
provided, that, so long as it is permitted by applicable law, 
 (a) Loan Parties may make distributions to current or former
employees, officers, or directors of Loan Parties (or any spouses, ex-spouses, or estates of any of the foregoing) on account of redemptions of Equity Interests of Loan Parties held by such Persons; provided, that, (i) the
aggregate amount of such redemptions made by Loan Parties during the term of this Agreement does not exceed $2,000,000 in the aggregate and (ii) no Default or Event of Default shall have occurred and be continuing or would result therefrom,

 (b) Loan Parties may make distributions to current or former employees, officers, or directors of Loan Parties (or any spouses,
ex-spouses, or estates of any of the foregoing), solely in the form of forgiveness of Indebtedness of such Persons owing to Loan Parties on account of repurchases of the Equity Interests of Loan Parties held by such Persons; provided that such
Indebtedness was incurred by such Persons solely to acquire Equity Interests of Loan Parties, 
 (c) each Loan Party and its Subsidiaries
may pay dividends or other distributions payable solely in the Equity Interests of such Person (other than Disqualified Equity Interests), 

  
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 (d) (i) a Loan Party may pay dividends or other distributions to another Loan Party
(including dividends and distributions to Parent, the proceeds of which may be used by Parent to pay interest when due on the Unsecured Notes) and (ii) any Subsidiary of Parent that is not a Loan Party may make Restricted Payments to any Loan
Party or to any other Subsidiary that is not a Loan Party, 
 (e) (A) the Closing Date Distribution and (B) Restricted Payments
attributable or arising in connection with the Spin Off Transactions and related transactions thereto pursuant to agreements or arrangements in effect substantially concurrently with the Closing Date (including the Spin Off Documents) on
substantially the terms described in the Spin Off Registration Statement or any amendment, modification or supplement thereto or replacement thereof, as long as the terms of such agreement or arrangement, as so amended, modified, supplemented or
replaced, are not materially more disadvantageous to Parent and its Subsidiaries, taken as a whole, than the terms of such agreement or arrangement described in the Spin Off Registration Statement, 

(f) Restricted Payments out of the net cash proceeds of the substantially concurrent sale (other than to a Subsidiary of Parent) of Equity
Interests (other than Disqualified Equity Interests) of Parent or from the substantially concurrent cash contributions of common equity capital to Parent; 

(g) Restricted Payments constituting the payment of dividends or the consummation of any irrevocable redemption within sixty (60) days
after the date of declaration of the dividend or the giving of the redemption notice, as the case may be, if at the date of declaration or notice, such Restricted Payment would have complied with and been permitted pursuant to another provision of
this Section 6.7; 
 (h) Restricted Payments constituting the repurchase of Equity Interests deemed to occur upon the exercise of stock
options, warrants or stock-based awards under equity plans or similar plans of Parent or the other Loan Parties to the extent such Equity Interests represent a portion of the exercise price of those stock options, warrants or other similar
stock-based awards under equity plans or made in lieu of withholding Taxes resulting from the exercise or exchange of options, warrants or other rights to purchase or acquire Equity Interests; 

(i) Parent or any Subsidiary may make Restricted Payments not otherwise permitted pursuant to this Section 6.7 in an amount not to exceed
$10,000,000 in the aggregate during the term of this Agreement so long as, as of the date of any such Restricted Payment and immediately after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing; and

 (j) Loan Parties and any Subsidiary may make other Restricted Payments not otherwise expressly provided for in this
Section 6.7; provided, that, (i) the Payment Conditions are satisfied, (ii) Agent shall have received no less than three (3) Business Days prior written notice of such transaction or payment and
(iii) Agent shall have received a Payment Conditions Certificate. 
 6.8 Accounting Methods. Each Loan Party will not,
and will not permit any of its Subsidiaries to (a) modify or change its fiscal year, except with the prior written consent of Agent, or (b) its method of accounting (other than as may be required to conform to GAAP); provided that
Parent may, upon written notice to the Agent, change its method of accounting, in which case Parent and the Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement relating to the financial covenant in
Section 7 (or other financial ratios or calculations) that are necessary, in the good faith judgment of Agent, to reflect such change in method of accounting. 

6.9 Investments. Each Loan Party will not, and will not permit any of its Subsidiaries to, directly or indirectly, make or
acquire any Investment except for Permitted Investments. 

  
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 6.10 Transactions with Affiliates. Each Loan Party will not, and will not permit
any of its Subsidiaries to, directly or indirectly, enter into or permit to exist any transaction (other than transactions solely among Loan Parties) with any Affiliate of any Loan Party or any of its Subsidiaries except for: 

(a) transactions between such Loan Party or its Subsidiaries, on the one hand, and any Affiliate of such Loan Party or its Subsidiaries, on
the other hand, so long as such transactions are no less favorable, taken as a whole, to such Loan Party or its Subsidiaries, as applicable, than would be obtained in an arm’s length transaction with a non-Affiliate, 

(b) any indemnity provided for the benefit of directors (or comparable managers) of such Loan Party or its applicable Subsidiary, 

(c) the payment of reasonable compensation, severance, or employee benefit arrangements to employees, officers, and outside directors of such
Loan Party and its Subsidiaries in the ordinary course of business and consistent with industry practice, 
 (d) transactions among or
between Subsidiaries of Loan Parties who are not Loan Parties; 
 (e) transactions among Loan Parties and Subsidiaries that are based on a
reasonable allocation of overhead and administrative expenses or transfers in accordance with Tax transfer pricing rules; and 
 (f)
transactions permitted by Section 6.3 or Section 6.7, any Permitted Investment, any Permitted Intercompany Advance, or the Spin Off Transactions. 

6.11 Use of Proceeds. Each Loan Party will not, and will not permit any of its Subsidiaries to, use the proceeds of any loan
made hereunder for any purpose other than (a) on the Closing Date, (i) to repay, in full, the outstanding principal, accrued interest, and accrued fees and expenses owing under or in connection with the Existing Credit Facility, and
(ii) to pay the fees, costs, and expenses incurred in connection with this Agreement, the other Loan Documents, and the transactions contemplated hereby and thereby, in each case, as set forth in the Flow of Funds Agreement, and
(b) thereafter, consistent with the terms and conditions hereof, for their lawful and permitted purposes (including that no part of the proceeds of the loans made to Borrowers will be used to purchase or carry any such Margin Stock or to extend
credit to others for the purpose of purchasing or carrying any such Margin Stock or for any purpose that violates the provisions of Regulation T, U or X of the Board of Governors). 

6.12 Limitation on Issuance of Equity Interests. Except for the issuance and sale of Qualified Equity Interests by Parent, each
Loan Party will not issue or sell any of its Equity Interests, other than issuances and sales to another Loan Party or Subsidiary thereof or in respect of transactions permitted under Sections 6.3, 6.4 or 6.9. 

6.13 Restrictions Affecting Subsidiaries  

(a) Each Loan Party will not, directly or indirectly, create or otherwise cause or permit to exist or become effective any consensual
encumbrance or restriction on the ability of any Loan Party to: 
 (i) pay dividends or make any other distributions on its Equity
Interests to any Loan Party; provided, that the priority of any preferred stock in receiving dividends or liquidating distributions prior to the payment of dividends or liquidating distributions on Equity Interests shall not be deemed a restriction
on the ability to make distributions on Equity Interests for purposes of this covenant; 

  
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 (ii) make loans or advances to, or pay any Indebtedness or other obligations owed to, any Loan
Party (it being understood that the subordination of loans or advances made to any Loan Party to other Indebtedness incurred by any Loan Party shall not be deemed a restriction on the ability to make loans or advances); or 

(iii) transfer any of its properties or assets to any Loan Party. 

(b) The restrictions in Section 6.13(a) will not apply to encumbrances or restrictions existing under or by reason of: 

(i) (x) agreements as in effect on the date of this Agreement (including, without limitation, the Term Loan Documents, the Existing
Indenture and the related notes) and (y) the Unsecured Indenture and the related Unsecured Notes, and, in each case, any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of
those agreements or the Indebtedness to which they relate, provided that the amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are no more restrictive, taken as a whole, with respect
to such dividend, distribution and other payment restrictions than those contained in those agreements on the date of this Agreement; 

(ii) this Agreement and the other Loan Documents; 

(iii) applicable laws; 
 (iv)
any instrument governing Indebtedness or Equity Interests of a Person acquired by any Loan Party or any of its Subsidiaries as in effect at the time of such acquisition (but not created in contemplation thereof), which encumbrance or restriction is
not applicable to any Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired, provided that, in the case of Indebtedness, such Indebtedness was otherwise permitted by the terms
of this Agreement to be incurred; 
 (v) Capitalized Lease Obligations, sale and leaseback transactions, mortgage financings or purchase
money obligations, in each case for property acquired in the ordinary course of business that impose restrictions on that property of the nature described in clause (iii) of Section 6.13(a); 

(vi) restrictions imposed under any agreement to sell Equity Interests or assets to any Person that imposes restrictions on that property of
the nature described in clause (iii) of Section 6.13(a) pending the closing of such sale; 
 (vii) any agreement for the sale or
other disposition of a Subsidiary of any Loan Party that restricts distributions by that Subsidiary pending its sale or other disposition; 

(viii) Refinancing Indebtedness, provided that the restrictions contained in the agreements governing such Refinancing Indebtedness are no
more restrictive, taken as a whole, than those contained in the agreements governing the Indebtedness being refinanced; 
 (ix) Liens
securing Indebtedness otherwise permitted to be incurred under the provisions of Section 6.2 that limit the right of the debtor to dispose of the assets subject to such Liens; 

  
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 (x) customary provisions in joint venture agreements, partnership agreements, limited liability
company organizational documents, shareholder agreements and other similar agreements entered into in the ordinary course of business or that have been approved by the Board that restrict the disposition or distribution of ownership interests in or
assets of such joint venture, partnership, limited liability company, corporation or similar Person; 
 (xi) any agreement or instrument
relating to any property or assets acquired after the date of this Agreement, so long as such encumbrance or restriction relates only to the property or assets so acquired and is not and was not created in anticipation of such acquisition; 

(xii) restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary course of
business; 
 (xiii) encumbrances or restrictions contained in, or in respect of, Hedge Agreements permitted under this Agreement from time
to time; 
 (xiv) with respect to any Foreign Subsidiary, any encumbrance or restriction contained in the terms of any Indebtedness or any
agreement pursuant to which such Indebtedness was incurred if either (a) the encumbrance or restriction applies only in the event of a payment default or a default with respect to a financial covenant in such Indebtedness or agreement or
(b) the Parent determines in good faith that any such encumbrance or restriction will not materially affect the Borrowers’ ability to make principal or interest payments on the Obligations of the Borrowers under this Agreement; 

(xv) restrictions arising or agreed to in the ordinary course of business, not relating to any Indebtedness, and that do not, individually or
in the aggregate, detract from the value of property or assets of any Loan Parties or any Subsidiary thereof in any manner material to the Loan Parties or any Subsidiary thereof; 

(xvi) restrictions in respect of the subletting, assignment or transfer of any property or asset that is a lease, license, conveyance or
contract or similar property or asset entered into in the ordinary course of business; 
 (xvii) restrictions existing by virtue of any
transfer of, agreement to transfer, option or right with respect to, or Lien on, the property or assets of any Loan Party or any Subsidiary subject to such transaction not otherwise prohibited by this Agreement; and 

(xviii) any other agreement governing Indebtedness of any Loan Party or any Subsidiary that is permitted to be incurred under
Section 6.1; provided, however, that such encumbrances or restrictions are not materially more restrictive, taken as a whole, than those contained (x) this Agreement, with respect to credit agreements or (y) the Term Loan Documents as
in effect on the date of this Agreement, with respect to indentures or term loan B facilities. 
  

	7.	FINANCIAL COVENANT. 

 Each Loan Party covenants and agrees that, until termination of all
of the Commitments and payment in full of the Obligations, Loan Parties will comply with the following: 
 7.1 Fixed Charge Coverage
Ratio. During any Compliance Period, the Fixed Charge Coverage Ratio for the most recently ended Reference Period for which Agent has received financial statements of Parent and its consolidated Subsidiaries, shall not be less than 1.0:1.0.
Within 5 days following the occurrence of a Compliance Period, Borrowers shall deliver financial statements and the 

  
 47 

 
associated Compliance Certificate pursuant to Section 5.1 for the most recent month then ended not more than 60 days prior to the commencement of such Compliance Period; provided,
that, if monthly financial statements and the associated Compliance Certificate have already been delivered for the most recent month then ended not more than 60 days prior to the commencement of such Compliance Certificate in connection with
a then-occurring Monthly Triggering Period, then Borrowers shall be required to deliver a supplemental Compliance Certificate to the most recently delivered Compliance Certificate containing a calculation of the Fixed Charge Coverage Ratio with
respect to the most recently delivered monthly financial statements. During any Compliance Period, the Lenders (including the Swing Lender and Issuing Banks) shall have no obligation to make additional Loans or otherwise extend additional credit
hereunder prior to receipt by Agent of the items required to be delivered described in the immediately preceding sentence. 
  

	8.	EVENTS OF DEFAULT. 

 Any one or more of the following events shall constitute an event of
default (each, an “Event of Default”) under this Agreement: 
 8.1 Payments. If Borrowers fail to pay when
due and payable, or when declared due and payable, (a) all or any portion of the Obligations consisting of interest, fees, or charges due the Lender Group, reimbursement of Lender Group Expenses, or other amounts (other than any portion thereof
constituting principal) constituting Obligations (including any portion thereof that accrues after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency
Proceeding), and such failure continues for a period of three (3) Business Days, (b) all or any portion of the principal of the Loans, or (c) any amount payable to Issuing Bank in reimbursement of any drawing under a Letter of Credit;

 8.2 Covenants. If any Loan Party or any of its Subsidiaries: 

(a) fails to perform or observe any covenant or other agreement contained in any of (i) Sections 5.1, 5.3 (solely if any Loan
Party is not in good standing in its jurisdiction of organization), 5.7 (solely if any Loan Party refuses to allow Agent or its representatives or agents to visit any Loan Party’s properties, inspect its assets or books or records, examine and
make copies of its books and records, or discuss Loan Parties’ affairs, finances, and accounts with officers and employees of any Loan Party), or 5.11 of this Agreement, (ii) Section 6 of this Agreement,
(iii) Section 7 of this Agreement, or (iv) Sections 7(c) or (f) of the Guaranty and Security Agreement; or 

(b) fails to perform or observe any covenant or other agreement contained in Section 5.2 and (i) any such failure occurs more than
five (5) times in any calendar year or (ii) any such failure continues for a period of five (5) days; or 
 (c) fails to
perform or observe any covenant or other agreement contained in any of Sections 5.3 (other than if any Loan Party is not in good standing in its jurisdiction of organization), 3.6, 5.5, 5.6, 5.8, 5.10, 5.12, 5.13 and 5.15 of this Agreement
and such failure continues for a period of ten (10) days after the earlier of (i) the date on which such failure shall first become known to any officer of any Loan Party or (ii) the date on which written notice thereof is given to
Loan Parties by Agent; or 
 (d) fails to perform or observe any covenant or other agreement contained in this Agreement, or in any of the
other Loan Documents, in each case, other than any such covenant or agreement that is the subject of another provision of this Section 8 (in which event such other provision of this Section 8 shall govern), and such failure
continues for a period of thirty (30) days after the earlier of (i) the date on which such failure shall first become known to any officer of any Loan Party or (ii) the date on which written notice thereof is given to Loan Parties by
Agent; 

  
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 8.3 Judgments. If one or more judgments, orders, or awards for the payment of money
involving an aggregate amount of $25,000,000, or more (except to the extent fully covered (other than to the extent of customary deductibles) by insurance pursuant to which the insurer has not denied coverage) is entered or filed against a Loan
Party or any of its Material Subsidiaries, or with respect to any of their respective assets, and either (a) there is a period of thirty (30) consecutive days at any time after the entry of any such judgment, order, or award during which
(1) the same is not discharged, satisfied, vacated, or bonded pending appeal, or (2) a stay of enforcement thereof is not in effect, or (b) enforcement proceedings are commenced upon such judgment, order, or award; 

8.4 Voluntary Bankruptcy, etc. If an Insolvency Proceeding is commenced by a Loan Party or any of its Material Subsidiaries;

 8.5 Involuntary Bankruptcy, etc. If an Insolvency Proceeding is commenced against a Loan Party or any of its Material
Subsidiaries and any of the following events occur: (a) such Loan Party or such Material Subsidiary consents to the institution of such Insolvency Proceeding against it, (b) the petition commencing the Insolvency Proceeding is not timely
controverted, (c) the petition commencing the Insolvency Proceeding is not dismissed within sixty (60) calendar days of the date of the filing thereof, (d) an interim trustee is appointed to take possession of all or any substantial
portion of the properties or assets of, or to operate all or any substantial portion of the business of, such Loan Party or its Material Subsidiary, or (e) an order for relief shall have been issued or entered therein; 

8.6 Default Under Other Agreements. If there is (a) a default in one or more agreements to which a Loan Party or any of its
Subsidiaries is a party with one or more third Persons relative to a Loan Party’s or any of its Subsidiaries’ Indebtedness involving an aggregate amount of $25,000,000 or more, and such default (i) occurs at the final maturity of the
obligations thereunder, or (ii) results in a right by such third Person, irrespective of whether exercised, to accelerate the maturity of such Loan Party’s or its Subsidiary’s obligations thereunder, or (b) an involuntary early
termination of one or more Hedge Agreements to which a Loan Party or any of its Subsidiaries is a party involving an aggregate amount owed by a Loan Party or any of its Subsidiaries of $25,000,000 or more or (iii) any default by any Loan Party
under any Material Contract, which default continues for more than the applicable cure period, if any, with respect thereto and/or is not waived in writing by the other parties thereto, which could, either individually or in the aggregate,
reasonably be expected to result in a Material Adverse Effect; 
 8.7 Representations, etc. If any warranty,
representation, certificate, statement, or Record made herein or in any other Loan Document or delivered in writing to Agent or any Lender in connection with this Agreement or any other Loan Document proves to be untrue in any material respect
(except, that, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of the date of issuance or making or deemed making thereof; 

8.8 Guaranty. If the obligation of any Guarantor under the guaranty contained in the Guaranty and Security Agreement is revoked
by such Guarantor, or limited or terminated by operation of law or by such Guarantor (other than in accordance with the terms of this Agreement); 

8.9 Security Documents. If the Guaranty and Security Agreement or any other Loan Document that purports to create a Lien, shall,
for any reason, fail or cease (a) with respect to Accounts or Qualified Cash, create a valid and perfected and, except to the extent of Permitted Liens which are non-consensual Permitted Liens, permitted purchase money Liens or the interests of
lessors under Capital 

  
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Leases, first priority Lien on the Collateral covered thereby or, (b) with respect to Collateral other than Accounts or Qualified Cash, create a valid and perfected Lien on the Collateral
covered thereby to the extent, and with the priority, required thereby, except, in each case (i) as a result of a disposition of the applicable Collateral in a transaction permitted under this Agreement, (ii) with respect to Collateral the
aggregate value of which, for all such Collateral, does not exceed at any time, $5,000,000, or (iii) as the result of an action or failure to act on the part of Agent; 

8.10 Loan Documents. The validity or enforceability of any Loan Document shall at any time for any reason (other than solely as
the result of an action or failure to act on the part of Agent) be declared to be null and void, or a proceeding shall be commenced by a Loan Party or its Subsidiaries, or by any Governmental Authority having jurisdiction over a Loan Party or its
Subsidiaries, seeking to establish the invalidity or unenforceability thereof, or a Loan Party or its Subsidiaries shall deny that such Loan Party or its Subsidiaries has any liability or obligation purported to be created under any Loan Document;

 8.11 Change of Control. A Change of Control shall occur, whether directly or indirectly; 

8.12 ERISA Event. The occurrence of any of the following events: 

(a) any Loan Party or ERISA Affiliate fails to make full payment when due of all amounts which any Loan Party or ERISA Affiliate is required
to pay as contributions, installments, or otherwise to or with respect to a Benefit Plan or Multiemployer Plan, and such failure could, individually or in the aggregate, reasonably be expected to result in liability in excess of $25,000,000, 

(b) an ERISA Event that could, individually or in the aggregate, reasonably be expected to result in liability in excess of $25,000,000, 

(c) any Loan Party or ERISA Affiliate completely or partially withdraws from one or more Multiemployer Plans and incurs Withdrawal Liability
requiring payments in any twelve (12) month period in the aggregate which could, individually or in the aggregate, reasonably be expected to result in liability in excess of $25,000,000; or 

(d) any Loan Party or ERISA Affiliate fails to make any Withdrawal Liability payment when due, and such failure could, individually or in the
aggregate reasonably be expected to result in liability in excess of $25,000,000; or 
 8.13 Injunction; Suspension of
Business. If one or more orders, judgments or injunctions is entered against a Loan Party or any of its Subsidiaries which prevents the continuing conduct of all or a substantial portion of the business of the Loan Parties, taken as a whole,
and either (a) a stay of enforcement thereof is not in effect or (b) there is a period of thirty (30) consecutive days at any time after the entry of any such judgment, order or injunction during which the same is not discharged,
satisfied, or vacated. 
  

	9.	RIGHTS AND REMEDIES. 

 9.1 Rights and Remedies. Upon the occurrence and
during the continuation of an Event of Default, Agent may, and, at the instruction of the Required Lenders, shall (in each case under clauses (a) or (b) by written notice to Loan Parties), in addition to any other rights or remedies
provided for hereunder or under any other Loan Document or by applicable law, do any one or more of the following: 
 (a) (i) declare
the principal of, and any and all accrued and unpaid interest and fees in respect of, the Loans and all other Obligations (other than the Bank Product Obligations), whether evidenced by this Agreement or by any of the other Loan Documents to be
immediately due and payable, whereupon the same shall become and be immediately due and payable and Loan Parties shall be obligated to repay all of such Obligations in full, without presentment, demand, protest, or further notice or other
requirements of any kind, all of which are hereby expressly waived by each Loan Party and (ii) direct Loan Parties to provide (and Loan Parties agree that upon receipt of such notice, Loan Parties will provide) Letter of Credit
Collateralization to Agent to be held as security for Loan Parties’ reimbursement obligations for drawings that may subsequently occur under issued and outstanding Letters of Credit; 

  
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 (b) declare the Commitments terminated, whereupon the Commitments shall immediately be terminated
together with (i) any obligation of any Revolving Lender to make Revolving Loans, (ii) the obligation of the Swing Lender to make Swing Loans, and (iii) the obligation of Issuing Bank to issue Letters of Credit; and 

(c) exercise all other rights and remedies available to Agent or the Lenders under the Loan Documents, under applicable law, or in equity.

 The foregoing to the contrary notwithstanding, upon the occurrence of any Event of Default described in Section 8.4 or
Section 8.5, in addition to the remedies set forth above, without any notice to Loan Parties or any other Person or any act by the Lender Group, the Commitments shall automatically terminate and the Obligations (other than the Bank
Product Obligations), inclusive of the principal of, and any and all accrued and unpaid interest and fees in respect of, the Loans and all other Obligations (other than the Bank Product Obligations), whether evidenced by this Agreement or by any of
the other Loan Documents, shall automatically become and be immediately due and payable and Borrowers shall automatically be obligated to repay all of such Obligations in full (including Borrowers being obligated to provide (and Borrowers agree that
they will provide) (1) Letter of Credit Collateralization to Agent to be held as security for Borrowers’ reimbursement obligations in respect of drawings that may subsequently occur under issued and outstanding Letters of Credit and
(2) Hedge Obligations Collateralization to be held as security for Loan Parties’ or their Subsidiaries’ obligations in respect of outstanding Hedge Obligations), without presentment, demand, protest, or notice or other requirements of
any kind, all of which are expressly waived by Borrowers. 
 9.2 Remedies Cumulative. The rights and remedies of the Lender
Group under this Agreement, the other Loan Documents, and all other agreements shall be cumulative. The Lender Group shall have all other rights and remedies not inconsistent herewith as provided under the Code, by law, or in equity. No exercise by
the Lender Group of one right or remedy shall be deemed an election, and no waiver by the Lender Group of any Event of Default shall be deemed a continuing waiver. No delay by the Lender Group shall constitute a waiver, election, or acquiescence by
it. 
  

	10.	WAIVERS; INDEMNIFICATION. 

 10.1 Demand; Protest; etc. Each Loan Party
waives demand, protest, notice of protest, notice of default or dishonor, notice of payment and nonpayment, nonpayment at maturity, release, compromise, settlement, extension, or renewal of documents, instruments, chattel paper, and guarantees at
any time held by the Lender Group on which any Loan Party may in any way be liable. 
 10.2 The Lender Group’s Liability for
Collateral. Each Loan Party hereby agrees that: (a) so long as Agent complies with its obligations, if any, under the Code, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the
Collateral, (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause, (iii) any diminution in the value thereof, or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency,
or other Person, and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by Loan Parties. 

  
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 10.3 Indemnification. Each Loan Party shall pay, indemnify, defend, and hold the
Agent-Related Persons, the Lender-Related Persons, and each Participant (each, an “Indemnified Person”) harmless (to the fullest extent permitted by law) from and against any and all claims, demands, suits, actions, investigations,
proceedings, liabilities, fines, costs, penalties, and damages, and all reasonable and documented out-of-pocket fees and disbursements of external counsel (provided, that, the obligations to reimburse any Indemnified Person for legal fees and
expenses shall be limited to reasonable and documented out-of-pocket legal fees and expenses of one firm of counsel for all such Indemnified Persons and if necessary, of one local counsel in each appropriate jurisdiction (and, to the extent required
by the subject matter, one specialist counsel for each such specialized area of law in each appropriate jurisdiction) and in the case of an actual or perceived conflict of interest, one counsel for all such affected Indemnified Persons similarly
situated), experts, or consultants and all other reasonable and documented out-of-pocket costs and expenses actually incurred in connection therewith or in connection with the enforcement of this indemnification (promptly upon demand and
irrespective of whether suit is brought), at any time asserted against, imposed upon, or incurred by any of them (a) in connection with or as a result of or related to the execution and delivery (provided, that, Borrowers shall
not be liable for costs and expenses (including attorneys fees) of any Lender (other than Wells Fargo) incurred in advising, structuring, drafting, reviewing, administering or syndicating the Loan Documents), enforcement, performance, or
administration (including any restructuring or workout with respect hereto) of this Agreement, any of the other Loan Documents, or the transactions contemplated hereby or thereby or the monitoring of Loan Parties and their Subsidiaries’
compliance with the terms of the Loan Documents (provided, that, the indemnification in this clause (a) shall not extend to (i) disputes solely between or among the Lenders that do not involve any acts or omissions of any
Loan Party, or (ii) disputes solely between or among the Lenders and their respective Affiliates that do not involve any acts or omissions of any Loan Party; it being understood and agreed that the indemnification in this clause (a) shall
extend to Agent (but not the Lenders) relative to disputes between or among Agent on the one hand, and one or more Lenders, or one or more of their Affiliates, on the other hand, or (iii) any Taxes or any costs attributable to Taxes, which
shall be governed by Section 16), (b) with respect to any actual or prospective investigation, litigation, or proceeding related to this Agreement, any other Loan Document, the making of any Loans or issuance of any Letters of
Credit hereunder, or the use of the proceeds of the Loans or the Letters of Credit provided hereunder (irrespective of whether any Indemnified Person is a party thereto), or any act, omission, event, or circumstance in any manner related thereto,
and (c) in connection with or arising out of any presence or release of Hazardous Materials at, on, under, to or from any assets or properties owned, leased or operated by any Loan Party or any of its Subsidiaries or any Environmental Actions,
Environmental Liabilities or Remedial Actions related in any way to any such assets or properties of any Loan Party or any of its Subsidiaries (each and all of the foregoing, the “Indemnified Liabilities”). The foregoing to the
contrary notwithstanding, no Loan Party shall have any obligation to any Indemnified Person under this Section 10.3 with respect to any Indemnified Liability that a court of competent jurisdiction finally determines to have resulted from
the bad faith, gross negligence or willful misconduct of such Indemnified Person or its officers, directors, employees, attorneys, or agents. This provision shall survive the termination of this Agreement and the repayment in full of the
Obligations. If any Indemnified Person makes any payment to any other Indemnified Person with respect to an Indemnified Liability as to which Loan Parties were required to indemnify the Indemnified Person receiving such payment, the Indemnified
Person making such payment is entitled to be indemnified and reimbursed by Loan Parties with respect thereto. WITHOUT LIMITATION, THE FOREGOING INDEMNITY SHALL APPLY TO EACH INDEMNIFIED PERSON WITH RESPECT TO INDEMNIFIED LIABILITIES WHICH IN WHOLE
OR IN PART ARE CAUSED BY OR ARISE OUT OF ANY NEGLIGENT ACT OR OMISSION OF SUCH INDEMNIFIED PERSON OR OF ANY OTHER PERSON. 

  
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	11.	NOTICES. 

 Unless otherwise provided in this Agreement, all notices or demands relating
to this Agreement or any other Loan Document shall be in writing and (except for financial statements and other informational documents which may be sent by first-class mail, postage prepaid) shall be personally delivered or sent by registered or
certified mail (postage prepaid, return receipt requested), overnight courier, electronic mail (at such email addresses as a party may designate in accordance herewith), or telefacsimile. In the case of notices or demands to any Loan Party or Agent,
as the case may be, they shall be sent to the respective address set forth below: 
 If to any Loan Party: 

c/o Seventy Seven Energy Inc. 

777 N.W. 63rd Street 
 Oklahoma
City, Oklahoma 73116 
 Attn: Ryan Astheimer 

Fax No.: (405) 849-1649 

E-mail: Ryan.Astheimer@77nrg.com 

If to Agent: 
 Wells Fargo Bank,
National Association 
 1100 Abernathy Road, Suite 1600 

Atlanta, Georgia 30328 
 Attn:
Relationship Manager - Seventy Seven Energy 
 Fax No.: (866) 349-8860 

E-mail: Gary.ForlenzaJr@wellsfargo.com 

with copies to: 
 Otterbourg P.C.

 230 Park Avenue 
 New York,
New York 10169 
 Attn: David W. Morse, Esq. 

Fax No.: (212) 682-6104 

E-mail: dmorse@otterbourg.com 
 Any party hereto
may change the address at which they are to receive notices hereunder, by notice in writing in the foregoing manner given to the other party. All notices or demands sent in accordance with this Section 11, shall be deemed received on the
earlier of the date of actual receipt or three (3) Business Days after the deposit thereof in the mail; provided, that, (a) notices sent by overnight courier service shall be deemed to have been given when received,
(b) notices by facsimile shall be deemed to have been given when sent (except, that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business
Day for the recipient) and (c) notices by electronic mail shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available,
return email or other written acknowledgment). 

  
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	12.	CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER; JUDICIAL REFERENCE PROVISION. 

 (a) THE
VALIDITY OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (UNLESS EXPRESSLY PROVIDED TO THE CONTRARY IN ANOTHER LOAN DOCUMENT IN RESPECT OF SUCH OTHER LOAN DOCUMENT), THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF AND THEREOF, THE RIGHTS OF
THE PARTIES HERETO AND THERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR THEREUNDER OR RELATED HERETO OR THERETO, AND ANY CLAIMS, CONTROVERSIES OR DISPUTES ARISING HEREUNDER OR THEREUNDER OR RELATED HERETO OR THERETO SHALL BE DETERMINED
UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (OTHER THAN ANY PRINCIPLES OF CONFLICTS OF LAW OR OTHER RULE OF LAW THAT WOULD CAUSE THE APPLICATION OF THE LAW OF ANY JURISDICTION OTHER THAN THE STATE OF NEW
YORK). 
 (b) THE PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS SHALL
BE TRIED AND LITIGATED ONLY IN THE STATE AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, FEDERAL COURTS LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK; PROVIDED, THAT, ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER
PROPERTY MAY BE BROUGHT, AT AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE AGENT ELECTS TO BRING SUCH ACTION OR WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. EACH LOAN PARTY AND EACH MEMBER OF THE LENDER GROUP WAIVE, TO THE
EXTENT PERMITTED UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION 12(b). 

(c) TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH LOAN PARTY AND EACH MEMBER OF THE LENDER GROUP HEREBY WAIVE THEIR RESPECTIVE
RIGHTS, IF ANY, TO A JURY TRIAL OF ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION DIRECTLY OR INDIRECTLY BASED UPON OR ARISING OUT OF ANY OF THE LOAN DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREIN, INCLUDING CONTRACT CLAIMS, TORT
CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS (EACH A “CLAIM”). EACH LOAN PARTY AND EACH MEMBER OF THE LENDER GROUP REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES
ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 

(d) EACH LOAN PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN
THE COUNTY OF NEW YORK AND THE STATE OF NEW YORK, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH
ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT AGENT MAY OTHERWISE
HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

  
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 (e) NO CLAIM MAY BE MADE BY ANY PARTY AGAINST ANY OTHER PARTY FOR ANY SPECIAL, INDIRECT,
CONSEQUENTIAL, PUNITIVE OR EXEMPLARY DAMAGES OR LOSSES IN RESPECT OF ANY CLAIM FOR BREACH OF CONTRACT OR ANY OTHER THEORY OF LIABILITY ARISING OUT OF OR RELATED TO THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR ANY
ACT, OMISSION, OR EVENT OCCURRING IN CONNECTION THEREWITH, AND EACH PARTY HEREBY WAIVES, RELEASES, AND AGREES NOT TO SUE UPON ANY CLAIM FOR SUCH DAMAGES, WHETHER OR NOT ACCRUED AND WHETHER OR NOT KNOWN OR SUSPECTED TO EXIST IN ITS FAVOR. 

 

	13.	ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS. 

 13.1 Assignments and
Participations. 
 (a) (i) Subject to the conditions set forth in clause (a)(ii) below, any Lender may assign and delegate all
or any portion of its rights and duties under the Loan Documents (including the Obligations owed to it and its Commitments) to one or more assignees so long as such prospective assignee is an Eligible Transferee (each, an
“Assignee”), with the prior written consent (such consent not to be unreasonably withheld or delayed) of: 
 (A)
Borrowers; provided, that, no consent of Borrowers shall be required (1) if an Event of Default has occurred and is continuing, or (2) in connection with an assignment to a Person that is a Lender, an Affiliate (other than
natural persons) of a Lender or an Approved Fund; provided, further, that, Borrowers shall be deemed to have consented to a proposed assignment unless they object thereto by written notice to Agent within ten (10) Business Days after having
received notice thereof; and 
 (B) Agent, Swing Lender, and Issuing Bank; provided, that no consent of Agent, Swing Lender or
Issuing Bank shall be required in connection with an assignment to a Person that is a Lender or an Affiliate (other than natural persons) of a Lender. 

(ii) Assignments shall be subject to the following additional conditions: 

(A) no assignment may be made to a natural person or to a Person that holds Subordinated Indebtedness; 

(B) no assignment may be made to a Loan Party or an Affiliate of a Loan Party; 

(C) the amount of the Commitments and the other rights and obligations of the assigning Lender hereunder and under the other Loan Documents
subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to Agent) shall be in a minimum amount (unless waived by Agent) of $10,000,000 (except such minimum amount shall
not apply to (1) an assignment or delegation by any Lender to any other Lender, an Affiliate of any Lender, or an Approved Fund of such Lender or (2) a group of new Lenders, each of which is an Affiliate of each other or an Approved Fund
of such new Lender to the extent that the aggregate amount to be assigned to all such new Lenders is at least $10,000,000); 
 (D) each
partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement; 

  
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 (E) the parties to each assignment shall execute and deliver to Agent an Assignment and
Acceptance; provided, that, Borrowers and Agent may continue to deal solely and directly with the assigning Lender in connection with the interest so assigned to an Assignee until written notice of such assignment, together with
payment instructions, addresses, and related information with respect to the Assignee, have been given to Borrowers and Agent by such Lender and the Assignee; 

(F) unless waived by Agent, the assigning Lender or Assignee has paid to Agent, for Agent’s separate account, a processing fee in the
amount of $3,500; and 
 (G) the assignee, if it is not a Lender, shall deliver to Agent an Administrative Questionnaire in a form approved
by Agent (the “Administrative Questionnaire”). 
 (b) From and after the date that Agent receives the executed Assignment
and Acceptance and, if applicable, payment of the required processing fee, (i) the Assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and
Acceptance, shall be a “Lender” and shall have the rights and obligations of a Lender under the Loan Documents, and (ii) the assigning Lender shall, to the extent that rights and obligations hereunder and under the other Loan
Documents have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (except with respect to Section 10.3) and be released from any future obligations under this Agreement (and in the case of an Assignment
and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement and the other Loan Documents, such Lender shall cease to be a party hereto and thereto); provided, that,
nothing contained herein shall release any assigning Lender from obligations that survive the termination of this Agreement, including such assigning Lender’s obligations under Section 15 and Section 17.9(a). 

(c) By executing and delivering an Assignment and Acceptance, the assigning Lender thereunder and the Assignee thereunder confirm to and agree
with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other Loan Document furnished pursuant hereto, (ii) such
assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Loan Party or the performance or observance by any Loan Party of any of its obligations under this Agreement or any
other Loan Document furnished pursuant hereto, (iii) such Assignee confirms that it has received a copy of this Agreement, together with such other documents and information as it has deemed appropriate to make its own credit analysis and
decision to enter into such Assignment and Acceptance, (iv) such Assignee will, independently and without reliance upon Agent, such assigning Lender or any other Lender, and based on such documents and information as it shall deem appropriate
at the time, continue to make its own credit decisions in taking or not taking action under this Agreement, (v) such Assignee appoints and authorizes Agent to take such actions and to exercise such powers under this Agreement and the other Loan
Documents as are delegated to Agent, by the terms hereof and thereof, together with such powers as are reasonably incidental thereto, and (vi) such Assignee agrees that it will perform all of the obligations which by the terms of this Agreement
are required to be performed by it as a Lender. 
 (d) Immediately upon Agent’s receipt of the required processing fee, if applicable,
and delivery of notice to the assigning Lender pursuant to Section 13.1(b), this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting
adjustment of the Commitments arising therefrom. The Commitment allocated to each Assignee shall reduce such Commitments of the assigning Lender pro tanto. 

  
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 (e) Any Lender may at any time sell to one or more commercial banks, financial institutions, or
other Persons (a “Participant”) participating interests in all or any portion of its Obligations, its Commitment, and the other rights and interests of that Lender (the “Originating Lender”) hereunder and under the
other Loan Documents; provided, that, (i) the Originating Lender shall remain a “Lender” for all purposes of this Agreement and the other Loan Documents and the Participant receiving the participating interest in the
Obligations, the Commitments, and the other rights and interests of the Originating Lender hereunder shall not constitute a “Lender” hereunder or under the other Loan Documents and the Originating Lender’s obligations under this
Agreement shall remain unchanged, (ii) the Originating Lender shall remain solely responsible for the performance of such obligations, (iii) Borrowers, Agent, and the Lenders shall continue to deal solely and directly with the Originating
Lender in connection with the Originating Lender’s rights and obligations under this Agreement and the other Loan Documents, (iv) no Lender shall transfer or grant any participating interest under which the Participant has the right to
approve any amendment to, or any consent or waiver with respect to, this Agreement or any other Loan Document, except that the Lender may agree that it will not, without the consent of such Participant, approve any amendment, consent or waiver to
the extent such amendment to, or consent or waiver with respect to this Agreement or of any other Loan Document would (A) extend the final maturity date of the Obligations hereunder in which such Participant is participating, (B) reduce
the interest rate applicable to the Obligations hereunder in which such Participant is participating, (C) release all or substantially all of the Collateral or guaranties (except to the extent expressly provided herein or in any of the Loan
Documents) supporting the Obligations hereunder in which such Participant is participating, (D) postpone the payment of, or reduce the amount of, the interest or fees payable to such Participant through such Lender (other than a waiver of
default interest), or (E) decreases the amount or postpones the due dates of scheduled principal repayments or prepayments or premiums payable to such Participant through such Lender, (v) no participation shall be sold to a natural person,
(vi) no participation shall be sold to a Loan Party or an Affiliate of a Loan Party, and (vii) all amounts payable by Borrowers hereunder shall be determined as if such Lender had not sold such participation; except, that, if
amounts outstanding under this Agreement are due and unpaid, or shall have been declared or shall have become due and payable upon the occurrence of an Event of Default, each Participant shall be deemed to have the right of set off in respect of its
participating interest in amounts owing under this Agreement to the same extent as if the amount of its participating interest were owing directly to it as a Lender under this Agreement. The rights of any Participant only shall be derivative through
the Originating Lender with whom such Participant participates and no Participant shall have any rights under this Agreement or the other Loan Documents or any direct rights as to the other Lenders, Agent, Borrowers, the Collateral, or otherwise in
respect of the Obligations. No Participant shall have the right to participate directly in the making of decisions by the Lenders among themselves. Notwithstanding the foregoing, the Borrowers agree that each Participant shall be entitled to the
benefits of Sections 2.10(k), 2.11(d)(i) and 16 (subject to the requirements and limitations therein) to the same extent as if it were a Lender and had acquired its interest by assignment; provided that such
Participant (A) agrees to be subject to the provisions of Sections 2.12(b) and 14.2 as if it were an assignee; and (B) shall not be entitled to receive any greater payment under Sections 2.10(k), 2.11(d)(i)
and 16, with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant
acquired the applicable participation. Each Lender that sells a participation agrees, at the Borrower’ request and expense, to use reasonable efforts to cooperate with the Borrowers to effectuate the provisions of Sections 2.12(b)
and 14.2 with respect to any Participant. 
 (f) In connection with any such assignment or participation or proposed assignment or
participation or any grant of a security interest in, or pledge of, its rights under and interest in this Agreement, a Lender may, subject to the provisions of Section 17.9, disclose all documents and information which it now or
hereafter may have relating to any Loan Party and its Subsidiaries and their respective businesses. 

  
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 (g) Any other provision in this Agreement notwithstanding, any Lender may at any time create a
security interest in, or pledge, all or any portion of its rights under and interest in this Agreement in favor of any Federal Reserve Bank in accordance with Regulation A of the Federal Reserve Bank or U.S. Treasury Regulation 31 CFR §203.24,
and such Federal Reserve Bank may enforce such pledge or security interest in any manner permitted under applicable law; provided that no such pledge shall release such Lender from any of its obligations hereunder or substitute any such
pledgee or assignee for such Lender as a party hereto. 
 (h) Agent (as a non-fiduciary agent on behalf of Loan Parties) shall maintain, or
cause to be maintained, a register (the “Register”) on which it enters the name and address of each Lender as the registered owner of any Loan (and the principal amount thereof and stated interest thereon) held by such Lender (each,
a “Registered Loan”). Other than in connection with an assignment by a Lender of all or any portion of its portion of any Loan to an Affiliate of such Lender or an Approved Fund of such Lender (i) a Registered Loan (and the
registered note, if any, evidencing the same) may be assigned or sold in whole or in part only by registration of such assignment or sale on the Register (and each registered note shall expressly so provide) and (ii) any assignment or sale of
all or part of such Registered Loan (and the registered note, if any, evidencing the same) may be effected only by registration of such assignment or sale on the Register, together with the surrender of the registered note, if any, evidencing the
same duly endorsed by (or accompanied by a written instrument of assignment or sale duly executed by) the holder of such registered note, whereupon, at the request of the designated assignee(s) or transferee(s), one or more new registered notes in
the same aggregate principal amount shall be issued to the designated assignee(s) or transferee(s). Prior to the registration of assignment or sale of any Registered Loan (and the registered note, if any evidencing the same), Loan Parties shall
treat the Person in whose name such Registered Loan (and the registered note, if any, evidencing the same) is registered as the owner thereof for the purpose of receiving all payments thereon and for all other purposes, notwithstanding notice to the
contrary. In the case of any assignment by a Lender of all or any portion of its Loan to an Affiliate of such Lender or an Approved Fund of such Lender, and which assignment is not recorded in the Register, the assigning Lender, on behalf of Loan
Parties, shall maintain a register comparable to the Register. 
 (i) In the event that a Lender sells participations in a Registered Loan,
such Lender, as a non-fiduciary agent on behalf of Loan Parties, shall maintain (or cause to be maintained) a register on which it enters the name of all participants in the Registered Loans held by it (and the principal amount (and stated interest
thereon) of the portion of such Registered Loans that is subject to such participations) (the “Participant Register”). A Registered Loan (and the registered note, if any, evidencing the same) may be participated in whole or in part
only by registration of such participation on the Participant Register (and each registered note shall expressly so provide). Any participation of such Registered Loan (and the registered note, if any, evidencing the same) may be effected only by
the registration of such participation on the Participant Register. 
 (i) Agent shall make a copy of the Register (and each Lender shall
make a copy of its Participant Register in the extent it has one) available for review by Borrowers from time to time as Borrowers may reasonably request. 

13.2 Successors. This Agreement shall bind and inure to the benefit of the respective successors and assigns of each of the
parties; provided, that, no Loan Party may assign this Agreement or any rights or duties hereunder without the Lenders’ prior written consent and any prohibited assignment shall be absolutely void ab initio. No consent to
assignment by the Lenders shall release any Loan Party from its Obligations. A Lender may assign this Agreement and the other Loan Documents and its rights and duties hereunder and thereunder pursuant to Section 13.1 and, except as
expressly required pursuant to Section 13.1, no consent or approval by any Loan Party is required in connection with any such assignment. 

  
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	14.	AMENDMENTS; WAIVERS. 

 14.1 Amendments and Waivers. 

(a) No amendment, waiver or other modification of any provision of this Agreement or any other Loan Document (other than Bank Product
Agreements or the Fee Letter), and no consent with respect to any departure by any Loan Party therefrom, shall be effective unless the same shall be in writing and signed by (x) in the case of this Agreement, the Required Lenders (or by Agent
at the written request of the Required Lenders) and the Loan Parties party hereto and (y) in the case of any other Loan Document, Agent, with the consent of the Required Lenders and the Loan Parties that are party thereto, and then any such
waiver or consent shall be effective, but only in the specific instance and for the specific purpose for which given; provided, that, no such waiver, amendment, or consent shall, unless in writing and signed by all of the Lenders
directly and adversely affected thereby and all of the Loan Parties that are party thereto, do any of the following: 
 (i) increase the
amount of or extend the expiration date of any Commitment of any Lender or amend, modify, or eliminate the last sentence of Section 2.3(c), 

(ii) postpone or delay any date fixed by this Agreement or any other Loan Document for any payment of principal, interest, fees, or other
amounts due to any member of the Lender Group hereunder or under any other Loan Document, 
 (iii) reduce the principal of, or the rate of
interest on, any loan or other extension of credit hereunder, or reduce any fees or other amounts payable to any member of the Lender Group hereunder or under any other Loan Document (except in connection with the waiver of applicability of
Section 2.5(c) (which waiver shall be effective with the written consent of the Required Lenders), 
 (iv) amend, modify, or
eliminate this Section or any provision of this Agreement providing for consent or other action by all Lenders, 
 (v) amend, modify, or
eliminate Section 3.1 or 3.2, 
 (vi) amend, modify, or eliminate Section 15.11, 

(vii) other than as permitted by Section 15.11 or Section 17.15, release Agent’s Lien in and to all or
substantially all of the Collateral, 
 (viii) amend, modify, or eliminate the definitions of “Required Lenders”,
“Supermajority Lenders” or “Pro Rata Share”, 
 (ix) contractually subordinate any of Agent’s Liens or subordinate
payment of any of the Obligations, other than as permitted by Section 15.11 or Section 17.15, 
 (x) other than in
connection with a merger, liquidation, dissolution or sale of such Person expressly permitted by the terms hereof or the other Loan Documents, release any Borrower or any Guarantor from any obligation for the payment of money or consent to the
assignment or transfer by any Borrower or any Guarantor of any of its rights or duties under this Agreement or the other Loan Documents, or 

(xi) amend, modify, or eliminate any of the provisions of Section 2.3(b)(i) or (ii) or Section 2.3(e). 

  
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 (b) No amendment, waiver, modification, or consent shall amend, modify, waive, or eliminate; 

(i) the definition of, or any of the terms or provisions of, the Fee Letter, without the written consent of Agent and Borrowers (and shall
not require the written consent of any of the Lenders); or 
 (ii) any provision of Section 15 pertaining to Agent, or any
other rights or duties of Agent under this Agreement or the other Loan Documents, without the written consent of Agent, Borrowers, and the Required Lenders; 

(c) No amendment, waiver, modification, elimination, or consent shall, without written consent of Agent, Borrowers and the Supermajority
Lenders, amend, modify, or eliminate the definition of Borrowing Base or any of the defined terms (including the definitions of Eligible Accounts, Eligible Unbilled Accounts and Qualified Cash), that are used in such definition to the extent that
any such change results in more credit being made available to Borrowers based upon the Borrowing Base, but not otherwise, or the definition of Maximum Revolver Amount; 

(d) No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive any provision of this Agreement or the other
Loan Documents pertaining to Issuing Bank, or any other rights or duties of Issuing Bank under this Agreement or the other Loan Documents, without the written consent of Issuing Bank, Agent, Borrowers, and the Required Lenders; 

(e) No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive any provision of this Agreement or the other
Loan Documents pertaining to Swing Lender, or any other rights or duties of Swing Lender under this Agreement or the other Loan Documents, without the written consent of Swing Lender, Agent, Borrowers, and the Required Lenders; and 

(f) Anything in this Section 14.1 to the contrary notwithstanding, (i) any amendment, modification, elimination, waiver,
consent, termination, or release of, or with respect to, any provision of this Agreement or any other Loan Document that relates only to the relationship of the Lender Group among themselves, and that does not affect the rights or obligations of any
Loan Party, shall not require consent by or the agreement of any Loan Party, (ii) any amendment, waiver, modification, elimination, or consent of or with respect to any provision of this Agreement or any other Loan Document may be entered into
without the consent of, or over the objection of, any Defaulting Lender other than any of the matters governed by Section 14.1(a)(i) through (iii) that affect such Lender, (iii) each Lender hereby irrevocably authorizes
the Agent on its behalf, and without further consent, to enter into amendments, supplements or modifications to this Agreement (including, without limitation, amendments to this Section 14.1) or any of the other Loan Documents or to
enter into additional Loan Documents as the Agent reasonably deems appropriate in order to effectuate the terms of Section 2.13; provided that no amendment or modification shall result in any increase in the amount of any
Lender’s Commitment or any increase in any Lender’s Pro Rata Share, in each case, without the written consent of such affected Lender, and (iv) the Agent and the Administrative Loan Party shall be permitted to amend any provision of
the Loan Documents (and such amendment shall become effective without any further action or consent of any other party to any Loan Document) if the Agent and the Administrative Loan Party shall have jointly identified an obvious error or any error
or omission of a technical or immaterial nature in any such provision. 

  
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 14.2 Replacement of Certain Lenders. 

(a) If (i) any action to be taken by the Lender Group or Agent hereunder requires the consent, authorization, or agreement of all Lenders
or all Lenders affected thereby and if such action has received the consent, authorization, or agreement of the Required Lenders but not of all Lenders or all Lenders affected thereby, or (ii) any Lender makes a claim for compensation under
Section 16, then Borrowers or Agent, upon prior notice, may permanently replace any Lender that failed to give its consent, authorization, or agreement (a “Non-Consenting Lender”) or any Lender that made a claim for
compensation (a “Tax Lender”) with one or more Replacement Lenders, and the Non-Consenting Lender or Tax Lender, as applicable, shall have no right to refuse to be replaced hereunder. Such notice to replace the Non-Consenting Lender
or Tax Lender, as applicable, shall specify an effective date for such replacement, which date shall not be later than five (5) Business Days after the date such notice is given. 

(b) Prior to the effective date of such replacement, the Non-Consenting Lender or Tax Lender, as applicable, and each Replacement Lender shall
execute and deliver an Assignment and Acceptance, subject only to the Non-Consenting Lender or Tax Lender, as applicable, being repaid in full its share of the outstanding Obligations (without any premium or penalty of any kind whatsoever, but
including (i) all interest, fees and other amounts that may be due in payable in respect thereof, and (ii) an assumption of its Pro Rata Share of participations in the Letters of Credit). If the Non-Consenting Lender or Tax Lender, as
applicable, shall refuse or fail to execute and deliver any such Assignment and Acceptance prior to the effective date of such replacement, Agent may, but shall not be required to, execute and deliver such Assignment and Acceptance in the name or
and on behalf of the Non-Consenting Lender or Tax Lender, as applicable, and irrespective of whether Agent executes and delivers such Assignment and Acceptance, the Non-Consenting Lender or Tax Lender, as applicable, shall be deemed to have executed
and delivered such Assignment and Acceptance. The replacement of any Non-Consenting Lender or Tax Lender, as applicable, shall be made in accordance with the terms of Section 13.1. Until such time as one or more Replacement Lenders shall
have acquired all of the Obligations, the Commitments, and the other rights and obligations of the Non-Consenting Lender or Tax Lender, as applicable, hereunder and under the other Loan Documents, the Non-Consenting Lender or Tax Lender, as
applicable, shall remain obligated to make the Non-Consenting Lender’s or Tax Lender’s, as applicable, Pro Rata Share of Revolving Loans and to purchase a participation in each Letter of Credit, in an amount equal to its Pro Rata Share of
participations in such Letters of Credit. 
 14.3 No Waivers; Cumulative Remedies. No failure by Agent or any Lender to
exercise any right, remedy, or option under this Agreement or any other Loan Document, or delay by Agent or any Lender in exercising the same, will operate as a waiver thereof. No waiver by Agent or any Lender will be effective unless it is in
writing, and then only to the extent specifically stated. No waiver by Agent or any Lender on any occasion shall affect or diminish Agent’s and each Lender’s rights thereafter to require strict performance by Loan Parties of any provision
of this Agreement. Agent’s and each Lender’s rights under this Agreement and the other Loan Documents will be cumulative and not exclusive of any other right or remedy that Agent or any Lender may have. 

 

	15.	AGENT; THE LENDER GROUP. 

 15.1 Appointment and Authorization of Agent.
Each Lender hereby designates and appoints Wells Fargo as its agent under this Agreement and the other Loan Documents and each Lender hereby irrevocably authorizes (and by entering into a Bank Product Agreement, each Bank Product Provider shall be
deemed to designate, appoint, and authorize) Agent to execute and deliver each of the 

  
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other Loan Documents on its behalf and to take such other action on its behalf under the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such
duties as are expressly delegated to Agent by the terms of this Agreement or any other Loan Document, together with such powers as are reasonably incidental thereto. Agent agrees to act as agent for and on behalf of the Lenders (and the Bank Product
Providers) on the conditions contained in this Section 15. Any provision to the contrary contained elsewhere in this Agreement or in any other Loan Document notwithstanding, Agent shall not have any duties or responsibilities, except
those expressly set forth herein or in the other Loan Documents, nor shall Agent have or be deemed to have any fiduciary relationship with any Lender (or Bank Product Provider), and no implied covenants, functions, responsibilities, duties,
obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against Agent. Without limiting the generality of the foregoing, the use of the term “agent” in this Agreement or the other Loan
Documents with reference to 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 merely as a matter of market custom, and is intended
to create or reflect only a representative relationship between independent contracting parties. Each Lender hereby further authorizes (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Agent to
act as the secured party under each of the Loan Documents that create a Lien on any item of Collateral. Except as expressly otherwise provided in this Agreement, Agent shall have and may use its sole discretion with respect to exercising or
refraining from exercising any discretionary rights or taking or refraining from taking any actions that Agent expressly is entitled to take or assert under or pursuant to this Agreement and the other Loan Documents. Without limiting the generality
of the foregoing, or of any other provision of the Loan Documents that provides rights or powers to Agent, Lenders agree that Agent shall have the right to exercise the following powers as long as this Agreement remains in effect: (a) maintain,
in accordance with its customary business practices, ledgers and records reflecting the status of the Obligations, the Collateral, payments and proceeds of Collateral, and related matters, (b) execute or file any and all financing or similar
statements or notices, amendments, renewals, supplements, documents, instruments, proofs of claim, notices and other written agreements with respect to the Loan Documents, (c) make Revolving Loans, for itself or on behalf of Lenders, as
provided in the Loan Documents, (d) exclusively receive, apply, and distribute payments and proceeds of the Collateral as provided in the Loan Documents, (e) open and maintain such bank accounts and cash management arrangements as Agent
deems necessary and appropriate in accordance with the Loan Documents for the foregoing purposes, (f) perform, exercise, and enforce any and all other rights and remedies of the Lender Group with respect to any Loan Party or its Subsidiaries,
the Obligations, the Collateral, or otherwise related to any of same as provided in the Loan Documents, and (g) incur and pay such Lender Group Expenses as Agent may deem necessary or appropriate for the performance and fulfillment of its
functions and powers pursuant to the Loan Documents. 
 15.2 Delegation of Duties. Agent may execute any of its duties under
this Agreement or any other Loan Document by or through agents, employees or attorneys in fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Agent shall not be responsible for the negligence or
misconduct of any agent or attorney in fact that it selects as long as such selection was made without gross negligence or willful misconduct. 

15.3 Liability of Agent. None of the Agent-Related Persons shall (a) be liable for any action taken or omitted to be taken
by any of them under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct), or (b) be responsible in any manner to any of the Lenders
(or Bank Product Providers) for any recital, statement, representation or warranty made by any Loan Party or any of its Subsidiaries or Affiliates, or any officer or director thereof, contained in this Agreement or in any other Loan Document, or in
any certificate, report, statement or other document referred to or provided for in, or received by Agent under or in connection with, this Agreement or any other Loan Document, or the validity, 

  
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effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, or for any failure of any Loan Party or its Subsidiaries or any other party to any Loan
Document to perform its obligations hereunder or thereunder. No Agent-Related Person shall be under any obligation to any Lenders (or Bank Product Providers) to ascertain or to inquire as to the observance or performance of any of the agreements
contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the books and records or properties of any Loan Party or its Subsidiaries. 

15.4 Reliance by Agent. Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, resolution,
notice, consent, certificate, affidavit, letter, telegram, telefacsimile or other electronic method of transmission, telex or telephone message, statement or other document or conversation believed by it to be genuine and correct and to have been
signed, sent, or made by the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to Loan Parties or counsel to any Lender), independent accountants and other experts selected by Agent. Agent shall be fully
justified in failing or refusing to take any action under this Agreement or any other Loan Document unless Agent shall first receive such advice or concurrence of the Lenders as it deems appropriate and until such instructions are received, Agent
shall act, or refrain from acting, as it deems advisable. If Agent so requests, it shall first be indemnified to its reasonable satisfaction by the Lenders (and, if it so elects, the Bank Product Providers) against any and all liability and expense
that may be incurred by it by reason of taking or continuing to take any such action. Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request
or consent of the Required Lenders and such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Lenders (and Bank Product Providers). 

15.5 Notice of Default or Event of Default. Agent shall not be deemed to have knowledge or notice of the occurrence of any
Default or Event of Default, except with respect to defaults in the payment of principal, interest, fees, and expenses required to be paid to Agent for the account of the Lenders and, except with respect to Events of Default of which Agent has
actual knowledge, unless Agent shall have received written notice from a Lender or Loan Parties referring to this Agreement, describing such Default or Event of Default, and stating that such notice is a “notice of default.” Agent promptly
will notify the Lenders of its receipt of any such notice or of any Event of Default of which Agent has actual knowledge. If any Lender obtains actual knowledge of any Event of Default, such Lender promptly shall notify the other Lenders and Agent
of such Event of Default. Each Lender shall be solely responsible for giving any notices to its Participants, if any. Subject to Section 15.4, Agent shall take such action with respect to such Default or Event of Default as may be
requested by the Required Lenders in accordance with Section 9; provided, that, unless and until Agent has received any such request, Agent may (but shall not be obligated to) take such action, or refrain from taking such
action, with respect to such Default or Event of Default as it shall deem advisable. 
 15.6 Credit Decision. Each Lender (and
Bank Product Provider) acknowledges that none of the Agent-Related Persons has made any representation or warranty to it, and that no act by Agent hereinafter taken, including any review of the affairs of any Loan Party and its Subsidiaries or
Affiliates, shall be deemed to constitute any representation or warranty by any Agent-Related Person to any Lender (or Bank Product Provider). Each Lender represents (and by entering into a Bank Product Agreement, each Bank Product Provider shall be
deemed to represent) to Agent that it has, independently and without reliance upon any Agent-Related Person and based on such due diligence, documents and information as it has deemed appropriate, made its own appraisal of and investigation into the
business, prospects, operations, property, financial and other condition and creditworthiness of each Loan Party or any other Person party to a Loan Document, and all applicable bank regulatory laws relating to the transactions contemplated hereby,
and made its own decision to enter into this Agreement and to extend credit to Borrowers. Each Lender also represents (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to represent) that it will,
independently and without reliance upon any 

  
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Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not
taking action under this Agreement and the other Loan Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of each
Loan Party or any other Person party to a Loan Document. Except for notices, reports, and other documents expressly herein required to be furnished to the Lenders by Agent, Agent shall not have any duty or responsibility to provide any Lender (or
Bank Product Provider) with any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any Loan Party or any other Person party to a Loan Document that may come into
the possession of any of the Agent-Related Persons. Each Lender acknowledges (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that Agent does not have any duty or responsibility, either
initially or on a continuing basis (except to the extent, if any, that, is expressly specified herein) to provide such Lender (or Bank Product Provider) with any credit or other information with respect to any Loan Party, its Affiliates or any of
their respective business, legal, financial or other affairs, and irrespective of whether such information came into Agent’s or its Affiliates’ or representatives’ possession before or after the date on which such Lender became a
party to this Agreement (or such Bank Product Provider entered into a Bank Product Agreement). 
 15.7 Costs and Expenses;
Indemnification. Agent may incur and pay Lender Group Expenses to the extent Agent reasonably deems necessary or appropriate for the performance and fulfillment of its functions, powers, and obligations pursuant to the Loan Documents,
including court costs, attorneys fees and expenses, fees and expenses of financial accountants, advisors and consultants, costs of collection by outside collection agencies, auctioneer fees and expenses, and costs of security guards or insurance
premiums paid to maintain the Collateral, whether or not Loan Parties are obligated to reimburse Agent or Lenders for such expenses pursuant to this Agreement or otherwise. Agent is authorized and directed to deduct and retain sufficient amounts
from payments or proceeds of the Collateral received by Agent to reimburse Agent for such out-of-pocket costs and expenses prior to the distribution of any amounts to Lenders (or Bank Product Providers). In the event Agent is not reimbursed for such
costs and expenses by Loan Parties or their Subsidiaries, each Lender hereby agrees that it is and shall be obligated to pay to Agent such Lender’s ratable share thereof. Whether or not the transactions contemplated hereby are consummated, each
of the Lenders, on a ratable basis, shall indemnify and defend the Agent-Related Persons (to the extent not reimbursed by or on behalf of Loan Parties and without limiting the obligation of Loan Parties to do so) from and against any and all
Indemnified Liabilities; provided, that, no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities resulting solely from such Person’s gross negligence or willful
misconduct nor shall any Lender be liable for the obligations of any Defaulting Lender in failing to make a Revolving Loan or other extension of credit hereunder. Without limitation of the foregoing, each Lender shall reimburse Agent upon demand for
such Lender’s ratable share of any costs or out of pocket expenses (including attorneys, accountants, advisors, and consultants fees and expenses) incurred by Agent in connection with the preparation, execution, delivery, administration,
modification, amendment, or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement or any other Loan Document to the extent that Agent is not
reimbursed for such expenses by or on behalf of Loan Parties. The undertaking in this Section shall survive the payment of all Obligations hereunder and the resignation or replacement of Agent. 

15.8 Agent in Individual Capacity. Wells Fargo and its Affiliates may make loans to, issue letters of credit for the account of,
accept deposits from, provide Bank Products to, acquire Equity Interests in, and generally engage in any kind of banking, trust, financial advisory, underwriting, or other business with any Loan Party and its Subsidiaries and Affiliates and any
other Person party to any Loan Document as though Wells Fargo were not Agent hereunder, and, in each case, without notice to or 

  
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consent of the other members of the Lender Group. The other members of the Lender Group acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to
acknowledge) that, pursuant to such activities, Wells Fargo or its Affiliates may receive information regarding a Loan Party or its Affiliates or any other Person party to any Loan Documents that is subject to confidentiality obligations in favor of
such Loan Party or such other Person and that prohibit the disclosure of such information to the Lenders (or Bank Product Providers), and the Lenders acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be
deemed to acknowledge) that, in such circumstances (and in the absence of a waiver of such confidentiality obligations, which waiver Agent will use its reasonable best efforts to obtain), Agent shall not be under any obligation to provide such
information to them. The terms “Lender” and “Lenders” include Wells Fargo in its individual capacity. 

15.9 Successor Agent. 

(a) Agent may resign as Agent upon thirty (30) days prior written notice to the Lenders (unless such notice is waived by the Required
Lenders) and Borrowers (unless such notice is waived by Borrowers) and without any notice to the Bank Product Providers. If Agent resigns under this Agreement, the Required Lenders shall be entitled, with (so long as no Event of Default has occurred
and is continuing) the consent of Borrowers (such consent not to be unreasonably withheld, delayed, or conditioned), to appoint a successor Agent for the Lenders (and the Bank Product Providers). If, at the time that Agent’s resignation is
effective, it is acting as Issuing Bank or the Swing Lender, such resignation shall also operate to effectuate its resignation as Issuing Bank or the Swing Lender, as applicable, and it shall automatically be relieved of any further obligation to
issue Letters of Credit, or to make Swing Loans. If no successor Agent is appointed prior to the effective date of the resignation of Agent, Agent may appoint, after consulting with the Lenders and Borrowers, a successor Agent. In any such event,
upon the acceptance of its appointment as successor Agent hereunder, such successor Agent shall succeed to all the rights, powers, and duties of the retiring Agent and the term “Agent” shall mean such successor Agent and the retiring
Agent’s appointment, powers, and duties as Agent shall be terminated. After any retiring Agent’s resignation hereunder as Agent, the provisions of this Section 15 shall inure to its benefit as to any actions taken or omitted to
be taken by it while it was Agent under this Agreement. If no successor Agent has accepted appointment as Agent by the date which is thirty (30) days following a retiring Agent’s notice of resignation, the retiring Agent’s resignation
shall nevertheless thereupon become effective and the Lenders shall perform all of the duties of Agent hereunder until such time, if any, as the Lenders appoint a successor Agent as provided for above. 

(b) If, at the time that Agent’s resignation is effective, it is acting as Issuing Bank or the Swing Lender, such resignation shall also
operate to effectuate its resignation as Issuing Bank or the Swing Lender, as applicable, and it shall automatically be relieved of any further obligation to issue Letters of Credit, or to make Swing Loans. If Wells Fargo resigns as an Issuing Bank,
it shall retain all the rights, powers, privileges and duties of the Issuing Bank hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as Issuing Bank and all Obligations with respect thereto,
including the right to require the Lenders to make Base Rate Loans or fund risk participations in the Letter of Credit Exposure with respect to such Letters of Credit pursuant to Section 2.11. If Wells Fargo resigns as Swing Lender, it
shall retain all the rights of the Swing Lender provided for hereunder with respect to Swing Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund
risk participations in outstanding Swing Loans pursuant to Section 2.3(b). Upon the appointment by the Company of a successor Issuing Bank or Swing Lender hereunder (which successor shall in all cases be a Lender other than a Defaulting
Lender) and upon the acceptance by such Lender of such appointment, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Issuing Bank and Swing Lender, as applicable,
(b) the retiring Issuing Bank and Swing Lender 

  
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shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (c) the successor Issuing Bank shall issue letters of credit in
substitution for the Letters of Credit, if any, issued by the retiring Issuing Bank and outstanding at the time of such succession or make other arrangement satisfactory to the retiring Issuing Bank to effectively assume the obligations of the
retiring Issuing Bank with respect to such Letters of Credit. 
 15.10 Lender in Individual Capacity. Any Lender and its
respective Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, provide Bank Products to, acquire Equity Interests in and generally engage in any kind of banking, trust, financial advisory, underwriting, or
other business with any Loan Party and its Subsidiaries and Affiliates and any other Person party to any Loan Documents as though such Lender were not a Lender hereunder without notice to or consent of the other members of the Lender Group (or the
Bank Product Providers). The other members of the Lender Group acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, pursuant to such activities, such Lender and its respective
Affiliates may receive information regarding a Loan Party or its Affiliates or any other Person party to any Loan Documents that is subject to confidentiality obligations in favor of such Loan Party or such other Person and that prohibit the
disclosure of such information to the Lenders, and the Lenders acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, in such circumstances (and in the absence of a waiver of such
confidentiality obligations, which waiver such Lender will use its reasonable best efforts to obtain), such Lender shall not be under any obligation to provide such information to them. 

15.11 Collateral Matters. 

(a) The Lenders hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to
authorize) Agent to release, and Agent shall release (and such release will be automatic), any Lien on any Collateral (i) upon the termination of the Commitments and payment and satisfaction in full by Borrowers of all of the Obligations,
(ii) constituting property being sold or disposed of if a release is required or desirable in connection therewith and if Borrowers certify to Agent that the sale or disposition is permitted under Section 6.4 (and Agent may rely
conclusively on any such certificate, without further inquiry), (iii) constituting property in which no Loan Party or its Subsidiaries owned any interest at the time Agent’s Lien was granted nor at any time thereafter,
(iv) constituting property leased or licensed to a Loan Party or its Subsidiaries under a lease or license that has expired or is terminated in a transaction permitted under this Agreement, or (v) in connection with a credit bid and
related purchase authorized under this Section 15.11. The Loan Parties and the Lenders hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Agent, based
upon the instruction of the Required Lenders, to (A) consent to, credit bid or purchase (either directly or indirectly through one or more acquisition vehicles) all or any portion of the Collateral at any sale thereof conducted under the
provisions of the Bankruptcy Code, including Section 363 of the Bankruptcy Code, (B) credit bid or purchase (either directly or indirectly through one or more entities) all or any portion of the Collateral at any sale or other disposition
thereof conducted under the provisions of the Code, including pursuant to Sections 9-610 or 9-620 of the Code, or (C) credit bid or purchase (either directly or indirectly through one or more entities) all or any portion of the Collateral at
any other sale or foreclosure conducted or consented to by Agent in accordance with applicable law in any judicial action or proceeding or by the exercise of any legal or equitable remedy. In connection with any such credit bid or purchase,
(i) the Obligations owed to the Lenders and the Bank Product Providers shall be entitled to be, and shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims being estimated for such purpose if
the fixing or liquidation thereof would not impair or unduly delay the ability of Agent to credit bid or purchase at such sale or other disposition of the Collateral and, if such contingent or unliquidated claims cannot be estimated without
impairing or unduly delaying the ability of Agent to credit bid at such sale or 

  
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other disposition, then such claims shall be disregarded, not credit bid, and not entitled to any interest in the Collateral that is the subject of such credit bid or purchase) and the Lenders
and the Bank Product Providers whose Obligations are credit bid shall be entitled to receive interests (ratably based upon the proportion of their Obligations credit bid in relation to the aggregate amount of Obligations so credit bid) in the
Collateral that is the subject of such credit bid or purchase (or in the Equity Interests of the any entities that are used to consummate such credit bid or purchase), and (ii) Agent, based upon the instruction of the Required Lenders, may
accept non-cash consideration, including debt and equity securities issued by any entities used to consummate such credit bid or purchase and in connection therewith Agent may reduce the Obligations owed to the Lenders and the Bank Product Providers
(ratably based upon the proportion of their Obligations credit bid in relation to the aggregate amount of Obligations so credit bid) based upon the value of such non-cash consideration. Except as provided above or in accordance with
Section 14.1, Agent will not execute and deliver a release of any Lien on any Collateral. Upon request by Agent or Borrowers at any time, the Lenders will (and if so requested, the Bank Product Providers will) confirm in writing
Agent’s authority to release any such Liens on particular types or items of Collateral pursuant to this Section 15.11; provided, that, (1) anything to the contrary contained in any of the Loan Documents
notwithstanding, Agent shall not be required to execute any document necessary to evidence such release on terms that, in Agent’s opinion, could expose Agent to liability or create any obligation or entail any consequence other than the release
of such Lien without recourse, representation, or warranty, and (2) such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those expressly released) upon (or obligations of Loan Parties in
respect of) any and all interests retained by any Loan Party, including, the proceeds of any sale, all of which shall continue to constitute part of the Collateral. Each Lender further hereby irrevocably authorizes (and by entering into a Bank
Product Agreement, each Bank Product Provider shall be deemed to irrevocably authorize) Agent to, and Agent shall (x) subordinate and/or release any Lien granted to or held by Agent under any Loan Document to the holder of any Permitted Lien on
such property if such Permitted Lien secures Permitted Purchase Money Indebtedness or (y) release (and such release will be automatic) any Guarantor from its obligations under any Loan Document if such Person ceases to be a Subsidiary or ceases
to be required to be a Guarantor, in each case, as a result of a transaction or series of transactions permitted hereunder. 
 (b) Agent
shall have no obligation whatsoever to any of the Lenders (or the Bank Product Providers) (i) to verify or assure that the Collateral exists or is owned by Loan Parties or their Subsidiaries or is cared for, protected, or insured or has been
encumbered, (ii) to verify or assure that Agent’s Liens have been properly or sufficiently or lawfully created, perfected, protected, or enforced or are entitled to any particular priority, (iii) to verify or assure that any
particular items of Collateral meet the eligibility criteria applicable in respect thereof, (iv) to impose, maintain, increase, reduce, implement, or eliminate any particular reserve hereunder or to determine whether the amount of any reserve
is appropriate or not, or (v) to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and powers granted or available to Agent pursuant to any
of the Loan Documents, it being understood and agreed that in respect of the Collateral, or any act, omission, or event related thereto, subject to the terms and conditions contained herein, Agent may act in any manner it may deem appropriate, in
its sole discretion given Agent’s own interest in the Collateral in its capacity as one of the Lenders and that Agent shall have no other duty or liability whatsoever to any Lender (or Bank Product Provider) as to any of the foregoing, except
as otherwise expressly provided herein. 
 (c) In connection with any release by Agent of a Lien on any Collateral or any Guarantor pursuant
to Section 15.11(a), Agent will, at the Loan Parties’ expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request and as are reasonably satisfactory to Agent to evidence the release of
such item of Collateral from the assignment, security interest and charge granted under the Security Documents or to release such Guarantor from its 

  
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obligations under the Guaranty and Security Agreement or similar Loan Documents; provided, that, (i) Agent shall not be required to execute any document containing any terms
other than the release of such Lien or the release of such Guarantor without recourse, representation, or warranty, and (ii) such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those
expressly being released) upon all interests retained by any Loan Party, including, the proceeds of any sale, all of which shall continue to constitute part of the Collateral. 

15.12 Restrictions on Actions by Lenders; Sharing of Payments. 

(a) Each of the Lenders agrees that it shall not, without the express written consent of Agent, and that it shall, to the extent it is
lawfully entitled to do so, upon the written request of Agent, set off against the Obligations, any amounts owing by such Lender to any Loan Party or its Subsidiaries or any deposit accounts of any Loan Party or its Subsidiaries now or hereafter
maintained with such Lender. Each of the Lenders further agrees that it shall not, unless specifically requested to do so in writing by Agent, take or cause to be taken any action, including, the commencement of any legal or equitable proceedings to
enforce any Loan Document against any Borrower or any Guarantor or to foreclose any Lien on, or otherwise enforce any security interest in, any of the Collateral. 

(b) If, at any time or times any Lender shall receive (i) by payment, foreclosure, setoff, or otherwise, any proceeds of Collateral or
any payments with respect to the Obligations, except for any such proceeds or payments received by such Lender from Agent pursuant to the terms of this Agreement, or (ii) payments from Agent in excess of such Lender’s Pro Rata Share of all
such distributions by Agent, such Lender promptly shall (A) turn the same over to Agent, in kind, and with such endorsements as may be required to negotiate the same to Agent, or in immediately available funds, as applicable, for the account of
all of the Lenders and for application to the Obligations in accordance with the applicable provisions of this Agreement, or (B) purchase, without recourse or warranty, an undivided interest and participation in the Obligations owed to the
other Lenders so that such excess payment received shall be applied ratably as among the Lenders in accordance with their Pro Rata Shares; provided, that, to the extent that such excess payment received by the purchasing party is
thereafter recovered from it, those purchases of participations shall be rescinded in whole or in part, as applicable, and the applicable portion of the purchase price paid therefor shall be returned to such purchasing party, but without interest
except to the extent that such purchasing party is required to pay interest in connection with the recovery of the excess payment. 
 15.13
Agency for Perfection. Agent hereby appoints each other Lender (and each Bank Product Provider) as its agent (and each Lender hereby accepts (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to
accept) such appointment) for the purpose of perfecting Agent’s Liens in assets which, in accordance with Article 8 or Article 9, as applicable, of the Code can be perfected by possession or control. Should any Lender obtain possession or
control of any such Collateral, such Lender shall notify Agent thereof, and, promptly upon Agent’s request therefor shall deliver possession or control of such Collateral to Agent or in accordance with Agent’s instructions. 

15.14 Payments by Agent to the Lenders. All payments to be made by Agent to the Lenders (or Bank Product Providers) shall be
made by bank wire transfer of immediately available funds pursuant to such wire transfer instructions as each party may designate for itself by written notice to Agent. Concurrently with each such payment, Agent shall identify whether such payment
(or any portion thereof) represents principal, premium, fees, or interest of the Obligations. 
 15.15 Concerning the Collateral and
Related Loan Documents. Each member of the Lender Group authorizes and directs Agent to enter into this Agreement and the other Loan Documents. Each member of the Lender Group agrees (and by entering into a Bank Product Agreement, each Bank
Product 

  
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Provider shall be deemed to agree) that any action taken by Agent in accordance with the terms of this Agreement or the other Loan Documents relating to the Collateral and the exercise by Agent
of its powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders (and such Bank Product Provider). Agent is authorized by each member of the Lender Group,
without necessity of any notice to or further consent from any Lender, from time to time, to take any action with respect to any Collateral or Loan Documents which may be necessary to perfect, and maintain perfected, the security interest in and
Liens upon Collateral pursuant to the Loan Documents. 
 15.16 Field Examination Reports; Confidentiality; Disclaimers by Lenders;
Other Reports and Information. By becoming a party to this Agreement, each Lender: 
 (a) is deemed to have requested that Agent
furnish such Lender, promptly after it becomes available, a copy of each field examination report respecting any Loan Party or its Subsidiaries (each, a “Report”) prepared by or at the request of Agent, and Agent shall so furnish
each Lender with such Reports, 
 (b) expressly agrees and acknowledges that Agent does not (i) make any representation or warranty as
to the accuracy of any Report, and (ii) shall not be liable for any information contained in any Report, 
 (c) expressly agrees and
acknowledges that the Reports are not comprehensive audits or examinations, that Agent or other party performing any field examination will inspect only specific information regarding Loan Parties and their Subsidiaries and will rely significantly
upon Loan Parties’ and their Subsidiaries’ books and records, as well as on representations of Loan Parties’ personnel, 

(d) agrees to keep all Reports and other material, non-public information regarding Loan Parties and their Subsidiaries and their operations,
assets, and existing and contemplated business plans in a confidential manner in accordance with Section 17.9, and 
 (e)
without limiting the generality of any other indemnification provision contained in this Agreement, agrees: (i) to hold Agent and any other Lender preparing a Report harmless from any action the indemnifying Lender may take or fail to take or
any conclusion the indemnifying Lender may reach or draw from any Report in connection with any loans or other credit accommodations that the indemnifying Lender has made or may make to Loan Parties, or the indemnifying Lender’s participation
in, or the indemnifying Lender’s purchase of, a loan or loans of Borrowers, and (ii) to pay and protect, and indemnify, defend and hold Agent, and any such other Lender preparing a Report harmless from and against, the claims, actions,
proceedings, damages, costs, expenses, and other amounts (including, attorneys’ fees and costs) incurred by Agent and any such other Lender preparing a Report as the direct or indirect result of any third parties who might obtain all or part of
any Report through the indemnifying Lender. 
 (f) In addition to the foregoing, (x) any Lender may from time to time request of Agent
in writing that Agent provide to such Lender a copy of any report or document provided by any Loan Party or its Subsidiaries to Agent that has not been contemporaneously provided by such Loan Party or such Subsidiary to such Lender, and, upon
receipt of such request, Agent promptly shall provide a copy of same to such Lender, (y) to the extent that Agent is entitled, under any provision of the Loan Documents, to request additional reports or information from any Loan Party or its
Subsidiaries, any Lender may, from time to time, reasonably request Agent to exercise such right as specified in such Lender’s notice to Agent, whereupon Agent promptly shall request of Loan Parties the additional reports or information
reasonably specified by such Lender, and, upon receipt thereof from such Loan Party or 

  
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such Subsidiary, Agent promptly shall provide a copy of same to such Lender, and (z) any time that Agent renders to Borrowers a statement regarding the Loan Account, Agent shall send a copy
of such statement to each Lender. 
 15.17 Several Obligations; No Liability. Notwithstanding that certain of the Loan
Documents now or hereafter may have been or will be executed only by or in favor of Agent in its capacity as such, and not by or in favor of the Lenders, any and all obligations on the part of Agent (if any) to make any credit available hereunder
shall constitute the several (and not joint) obligations of the respective Lenders on a ratable basis, according to their respective Commitments, to make an amount of such credit not to exceed, in principal amount, at any one time outstanding, the
amount of their respective Commitments. Nothing contained herein shall confer upon any Lender any interest in, or subject any Lender to any liability for, or in respect of, the business, assets, profits, losses, or liabilities of any other Lender.
Each Lender shall be solely responsible for notifying its Participants of any matters relating to the Loan Documents to the extent any such notice may be required, and no Lender shall have any obligation, duty, or liability to any Participant of any
other Lender. Except as provided in Section 15.7, no member of the Lender Group shall have any liability for the acts of any other member of the Lender Group. No Lender shall be responsible to any Loan Party or any other Person for any
failure by any other Lender (or Bank Product Provider) to fulfill its obligations to make credit available hereunder, nor to advance for such Lender (or Bank Product Provider) or on its behalf, nor to take any other action on behalf of such Lender
(or Bank Product Provider) hereunder or in connection with the financing contemplated herein. 
 15.18 Joint Lead Arrangers,
Syndication Agent, and Co-Documentation Agents. Each of the Joint Lead Arrangers, Syndication Agent, and Co-Documentation Agents, in such capacities, shall not have any right, power, obligation, liability, responsibility, or duty under this
Agreement other than those applicable to it in its capacity as a Lender, as Agent, as Swing Lender, or as Issuing Bank. Without limiting the foregoing, each of the Joint Lead Arrangers, Syndication Agent, and Co-Documentation Agents, in such
capacities, shall not have or be deemed to have any fiduciary relationship with any Lender or any Loan Party. Each Lender, Agent, Swing Lender, Issuing Bank, and each Loan Party acknowledges that it has not relied, and will not rely, on the Joint
Lead Arrangers, Syndication Agent, and Co-Documentation Agents in deciding to enter into this Agreement or in taking or not taking action hereunder. Each of the Joint Lead Arrangers, Syndication Agent, and Co-Documentation Agents, in such
capacities, shall be entitled to resign at any time by giving notice to Agent and Borrowers. 
  

	16.	WITHHOLDING TAXES. 

 16.1 Payments. All payments made by Loan Parties
hereunder or under any note or other Loan Document will be made without setoff, counterclaim, or other defense. In addition, all such payments will be made free and clear of, and without deduction or withholding for, any present or future
Indemnified Taxes, and in the event any deduction or withholding of Indemnified Taxes is required, Loan Parties shall comply with the next sentence of this Section 16.1. If any Indemnified Taxes are so levied or imposed, Loan Parties
agree to pay the full amount of such Indemnified Taxes and such additional amounts as may be necessary so that every payment of all amounts due under this Agreement, any note, or Loan Document, including any amount paid pursuant to this
Section 16.1 after withholding or deduction for or on account of any Indemnified Taxes, will not be less than the amount provided for herein; provided, that, Loan Parties shall not be required to increase any such amounts
to the extent that the increase in such amount payable results from Agent’s or such Lender’s own willful misconduct or gross negligence (as finally determined by a court of competent jurisdiction). Loan Parties will furnish to Agent as
promptly as possible after the date the payment of any Indemnified Tax is due pursuant to applicable law, certified copies of Tax receipts evidencing such payment by Loan Parties. Loan Parties agree to pay any present or future stamp, value added or
documentary Taxes or any other excise or property Taxes, charges, or similar levies that arise from any payment made hereunder or from the execution, delivery, performance, recordation, or filing of, or otherwise with respect to this Agreement or
any other Loan Document. 

  
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 16.2 Exemptions. 

(a) If a Lender or Participant is entitled to claim an exemption or reduction from United States withholding Tax, such Lender or Participant
agrees with and in favor of Agent, to deliver to Agent (or, in the case of a Participant, to the Lender granting the participation only) one of the following before receiving its first
(1st) payment under this Agreement: 
 (i) if such Lender or Participant is
entitled to claim an exemption from United States withholding Tax pursuant to the portfolio interest exception, (A) a statement of the Lender or Participant, signed under penalty of perjury, that it is not a (I) a “bank” as
described in Section 881(c)(3)(A) of the IRC, (II) a 10% shareholder of Parent (within the meaning of Section 871(h)(3)(B) of the IRC), or (III) a controlled foreign corporation related to Loan Parties within the meaning of
Section 864(d)(4) of the IRC, and (B) a properly completed and executed IRS Form W-8BEN or Form W-8IMY (with proper attachments); 

(ii) if such Lender or Participant is entitled to claim an exemption from, or a reduction of, withholding Tax under a United States tax
treaty, a properly completed and executed copy of IRS Form W-8BEN; 
 (iii) if such Lender or Participant is entitled to claim that
interest paid under this Agreement is exempt from United States withholding Tax because it is effectively connected with a United States trade or business of such Lender, a properly completed and executed copy of IRS Form W-8ECI; 

(iv) if such Lender or Participant is entitled to claim that interest paid under this Agreement is exempt from United States withholding Tax
because such Lender or Participant serves as an intermediary, a properly completed and executed copy of IRS Form W-8IMY (with proper attachments); or 

(v) a properly completed and executed copy of any other form or forms, including IRS Form W-9, as may be required under the IRC or other laws
of the United States as a condition to exemption from, or reduction of, United States withholding or backup withholding Tax. 
 (b) Each
Lender or Participant shall provide new forms (or successor forms) upon the expiration or obsolescence of any previously delivered forms and to promptly notify Agent (or, in the case of a Participant, to the Lender granting the participation only)
of any change in circumstances which would modify or render invalid any claimed exemption or reduction. 
 (c) If a Lender or Participant
claims an exemption from withholding Tax in a jurisdiction other than the United States, such Lender or such Participant agrees with and in favor of Agent, to deliver to Agent (or, in the case of a Participant, to the Lender granting the
participation only) any such form or forms, as may be required under the laws of such jurisdiction as a condition to exemption from, or reduction of, foreign withholding or backup withholding Tax before receiving its first (1st) payment under this Agreement, but only if such Lender or such Participant is legally able to deliver such forms; provided, that, nothing in this Section 16.2(c) shall
require a Lender or Participant to disclose any information that it deems to be confidential (including without limitation, its Tax returns). Each Lender and each Participant shall provide new forms (or successor forms) upon the expiration or
obsolescence of any previously delivered forms and to promptly notify Agent (or, in the case of a Participant, to the Lender granting the participation only) of any change in circumstances which would modify or render invalid any claimed exemption
or reduction. 

  
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 (d) If a Lender or Participant claims exemption from, or reduction of, withholding Tax and such
Lender or Participant sells, assigns, grants a participation in, or otherwise transfers all or part of the Obligations of Loan Parties to such Lender or Participant, such Lender or Participant agrees to notify Agent (or, in the case of a sale of a
participation interest, to the Lender granting the participation only) of the percentage amount in which it is no longer the beneficial owner of Obligations of Loan Parties to such Lender or Participant. To the extent of such percentage amount,
Agent will treat such Lender’s or such Participant’s documentation provided pursuant to Section 16.2(a) or 16.2(c) as no longer valid. With respect to such percentage amount, such Participant or Assignee may provide new
documentation, pursuant to Section 16.2(a) or 16.2(c), if applicable. 
 (e) If a payment made to a Lender or a
Participant under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender or Participant were to fail to comply with the applicable reporting requirements of FATCA (including those contained in
Section 1471(b) or 1472(b) of the IRC, as applicable), such Lender or Participant shall deliver to Loan Parties and Agent (or, in the case of a Participant, the participating Lender) at the time or times prescribed by FATCA or other applicable
law and at such time or times reasonably requested by Loan Parties or Agent (or, in the case of a Participant, the participating Lender) such documentation prescribed by FATCA or other applicable law (including as prescribed by
Section 1471(b)(3)(C)(i) of the IRC) and such additional documentation reasonably requested by Loan Parties or Agent (or, in the case of a Participant, the participating Lender) as may be necessary for Loan Parties and Agent (or, in the case of
a Participant, the participating Lender) to comply with their obligations under FATCA and to determine that such Lender or Participant has complied with such Lender’s or Participant’s obligations under FATCA or to determine the amount to
deduct and withhold from such payment. Solely for purposes of this Section 16.2(e), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

16.3 Reductions. 

(a) If a Lender or a Participant is entitled to a reduction in the applicable withholding Tax, Agent (or, in the case of a Participant, to the
Lender granting the participation) may withhold from any interest payment to such Lender or such Participant an amount equivalent to the applicable withholding Tax after taking into account such reduction. If the forms or other documentation
required by Section 16.2(a) or 16.2(c) are not delivered to Agent (or, in the case of a Participant, to the Lender granting the participation), then Agent (or, in the case of a Participant, to the Lender granting the
participation) may withhold from any interest payment to such Lender or such Participant not providing such forms or other documentation an amount equivalent to the applicable withholding Tax. 

(b) If the IRS or any other Governmental Authority of the United States or other jurisdiction asserts a claim that Agent (or, in the case of a
Participant, to the Lender granting the participation) did not properly withhold Tax from amounts paid to or for the account of any Lender or any Participant due to a failure on the part of the Lender or any Participant (because the appropriate form
was not delivered, was not properly executed, or because such Lender failed to notify Agent (or such Participant failed to notify the Lender granting the participation) of a change in circumstances which rendered the exemption from, or reduction of,
withholding Tax ineffective, or for any other reason) such Lender shall indemnify and hold Agent harmless (or, in the case of a Participant, such Participant shall indemnify and hold the Lender granting the participation harmless) for all amounts
paid, directly or indirectly, by Agent (or, in the case of a Participant, to the Lender granting the participation), as Tax or otherwise, including penalties and interest, and including any Taxes imposed by any jurisdiction on the amounts payable to
Agent (or, in the case of a Participant, to the Lender granting the participation only) 

  
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under this Section 16, together with all costs and expenses (including attorneys’ fees and expenses). The obligation of the Lenders and the Participants under this subsection
shall survive the payment of all Obligations and the resignation or replacement of Agent. 
 16.4 Refunds. If Agent or a
Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and
is continuing, it shall pay over such refund to Loan Parties (but only to the extent of payments made, or additional amounts paid, by Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net
of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that, Loan Parties, upon the request of Agent
or such Lender, agrees to repay the amount paid over to Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the
willful misconduct or gross negligence of Agent hereunder) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this
Section 16 shall not be construed to require Agent or any Lender to make available its Tax returns (or any other information which it deems confidential) to Loan Parties or any other Person. 

 

	17.	GENERAL PROVISIONS. 

 17.1 Effectiveness. This Agreement shall be binding
and deemed effective when executed by each Loan Party, Agent, and each Lender whose signature is provided for on the signature pages hereof. 

17.2 Section Headings. Headings and numbers have been set forth herein for convenience only. Unless the contrary is compelled by
the context, everything contained in each Section applies equally to this entire Agreement. 
 17.3 Interpretation. Neither
this Agreement nor any uncertainty or ambiguity herein shall be construed against the Lender Group or any Loan Party, whether under any rule of construction or otherwise. On the contrary, this Agreement has been reviewed by all parties and shall be
construed and interpreted according to the ordinary meaning of the words used so as to accomplish fairly the purposes and intentions of all parties hereto. 

17.4 Severability of Provisions. Each provision of this Agreement shall be severable from every other provision of this
Agreement for the purpose of determining the legal enforceability of any specific provision. 
 17.5 Bank Product Providers.
Each Bank Product Provider in its capacity as such shall be deemed a third party beneficiary hereof and of the provisions of the other Loan Documents for purposes of any reference in a Loan Document to the parties for whom Agent is acting. Agent
hereby agrees to act as agent for such Bank Product Providers and, by virtue of entering into a Bank Product Agreement, the applicable Bank Product Provider shall be automatically deemed to have appointed Agent as its agent and to have accepted the
benefits of the Loan Documents. It is understood and agreed that the rights and benefits of each Bank Product Provider under the Loan Documents consist exclusively of such Bank Product Provider’s being a beneficiary of the Liens and security
interests (and, if applicable, guarantees) granted to Agent and the right to share in payments and collections out of the Collateral as more fully set forth herein. In addition, each Bank Product Provider, by virtue of entering into a Bank Product
Agreement, shall be automatically deemed to have agreed that Agent shall have the right, but shall have no obligation, to establish, maintain, relax, or release reserves in respect of the Bank Product Obligations and that if reserves are established
there is no obligation on the part of Agent to determine or insure 

  
 73 

 
whether the amount of any such reserve is appropriate or not. In connection with any such distribution of payments or proceeds of Collateral, Agent shall be entitled to assume no amounts are due
or owing to any Bank Product Provider unless such Bank Product Provider has provided a written certification (setting forth a reasonably detailed calculation) to Agent as to the amounts that are due and owing to it and such written certification is
received by Agent a reasonable period of time prior to the making of such distribution. Agent shall have no obligation to calculate the amount due and payable with respect to any Bank Products, but may rely upon the written certification of the
amount due and payable from the applicable Bank Product Provider. In the absence of an updated certification, Agent shall be entitled to assume that the amount due and payable to the applicable Bank Product Provider is the amount last certified to
Agent by such Bank Product Provider as being due and payable (less any distributions made to such Bank Product Provider on account thereof). Loan Parties may obtain Bank Products from any Bank Product Provider, although Loan Parties are not required
to do so. Each Loan Party acknowledges and agrees that no Bank Product Provider has committed to provide any Bank Products and that the providing of Bank Products by any Bank Product Provider is in the sole and absolute discretion of such Bank
Product Provider. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, no provider or holder of any Bank Product shall have any voting or approval rights hereunder (or be deemed a Lender) solely by virtue of its
status as the provider or holder of such agreements or products or the Obligations owing thereunder, nor shall the consent of any such provider or holder be required (other than in their capacities as Lenders, to the extent applicable) for any
matter hereunder or under any of the other Loan Documents, including as to any matter relating to the Collateral or the release of Collateral or Guarantors. 

17.6 Debtor-Creditor Relationship. The relationship between the Lenders and Agent, on the one hand, and the Loan Parties, on the
other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to any Loan Party arising out of or in connection with the Loan Documents or the transactions
contemplated thereby, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and the Loan Parties, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.

 17.7 Counterparts; Electronic Execution. This Agreement may be executed in any number of counterparts and by different
parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Agreement. Delivery of an executed counterpart of this
Agreement by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Agreement. Any party delivering an executed counterpart of this Agreement by telefacsimile or
other electronic method of transmission also shall deliver an original executed counterpart of this Agreement but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this
Agreement. The foregoing shall apply to each other Loan Document mutatis mutandis. 
 17.8 Revival and Reinstatement of Obligations;
Certain Waivers. If any member of the Lender Group or any Bank Product Provider repays, refunds, restores, or returns in whole or in part, any payment or property (including any proceeds of Collateral) previously paid or transferred to such
member of the Lender Group or such Bank Product Provider in full or partial satisfaction of any Obligation or on account of any other obligation of any Loan Party under any Loan Document or any Bank Product Agreement, because the payment, transfer,
or the incurrence of the obligation so satisfied is asserted or declared to be void, voidable, or otherwise recoverable under any law relating to creditors’ rights, including provisions of the Bankruptcy Code relating to fraudulent transfers,
preferences, or other voidable or recoverable obligations or transfers (each, a “Voidable Transfer”), or because such member of the Lender Group or Bank Product Provider elects to do so on the reasonable advice of its counsel in

  
 74 

 
connection with a claim that the payment, transfer, or incurrence is or may be a Voidable Transfer, then, as to any such Voidable Transfer, or the amount thereof that such member of the Lender
Group or Bank Product Provider elects to repay, restore, or return (including pursuant to a settlement of any claim in respect thereof), and as to all reasonable costs, expenses, and attorneys fees of such member of the Lender Group or Bank Product
Provider related thereto, (a) the liability of the Loan Parties with respect to the amount or property paid, refunded, restored, or returned will automatically and immediately be revived, reinstated, and restored and will exist and
(b) Agent’s Liens securing such liability shall be effective, revived, and remain in full force and effect, in each case, as fully as if such Voidable Transfer had never been made. If, prior to any of the foregoing, (i) Agent’s
Liens shall have been released or terminated or (ii) any provision of this Agreement shall have been terminated or cancelled, Agent’s Liens, or such provision of this Agreement, shall be reinstated in full force and effect and such prior
release, termination, cancellation or surrender shall not diminish, release, discharge, impair or otherwise affect the obligation of any Loan Party in respect of such liability or any Collateral securing such liability. 

17.9 Confidentiality. 

(a) Agent and Lenders each individually (and not jointly or jointly and severally) agree that material, non-public information regarding Loan
Parties and their Subsidiaries, their operations, assets, and existing and contemplated business plans (“Confidential Information”) shall be treated by Agent and the Lenders in a confidential manner, and shall not be disclosed by
Agent and the Lenders to Persons who are not parties to this Agreement, except: (i) to attorneys for and other advisors, accountants, auditors, and consultants to any member of the Lender Group and to employees, directors and officers of any
member of the Lender Group (the Persons in this clause (i), “Lender Group Representatives”) on a “need to know” basis in connection with this Agreement and the transactions contemplated hereby and on a confidential basis,
(ii) to Subsidiaries and Affiliates of any member of the Lender Group (including the Bank Product Providers); provided, that, any such Subsidiary or Affiliate shall have agreed to receive such information hereunder subject to the
terms of this Section 17.9, (iii) as may be required by regulatory authorities so long as such authorities are informed of the confidential nature of such information, (iv) as may be required by statute, decision, or judicial
or administrative order, rule, or regulation; provided, that, (A) other than with respect to disclosures made to regulatory authorities in connection with bank examinations, prior to any disclosure under this clause (iv), the
disclosing party agrees to provide Loan Parties with prior notice thereof, to the extent that it is practicable to do so and to the extent that the disclosing party is permitted to provide such prior notice to Loan Parties pursuant to the terms of
the applicable statute, decision, or judicial or administrative order, rule, or regulation and (B)any disclosure under this clause (iv) shall be limited to the portion of the Confidential Information as may be required by such statute,
decision, or judicial or administrative order, rule, or regulation, (v) as may be agreed to in advance in writing by Loan Parties, (vi) as requested or required by any Governmental Authority pursuant to any subpoena or other legal process;
provided, that, (A) prior to any disclosure under this clause (vi) the disclosing party agrees to provide Loan Parties with prior written notice thereof, to the extent that it is practicable to do so and to the extent that
the disclosing party is permitted to provide such prior written notice to Loan Parties pursuant to the terms of the subpoena or other legal process and (B) any disclosure under this clause (vi) shall be limited to the portion of the
Confidential Information as may be required by such Governmental Authority pursuant to such subpoena or other legal process, (vii) as to any such information that is or becomes generally available to the public (other than as a result of
prohibited disclosure by Agent or the Lenders or the Lender Group Representatives), (viii) in connection with any assignment, participation or pledge of any Lender’s interest under this Agreement; provided, that, prior to
receipt of Confidential Information any such assignee, participant, or pledgee shall have agreed in writing to receive such Confidential Information either subject to the terms of this Section 17.9 or pursuant to confidentiality
requirements substantially similar to those contained in this Section 17.9 (and such Person may disclose such Confidential Information to Persons employed or engaged by them as described in clause (i) above), (ix) in connection

  
 75 

 
with any litigation or other adversary proceeding involving parties hereto which such litigation or adversary proceeding involves claims related to the rights or duties of such parties under this
Agreement or the other Loan Documents; provided, that, prior to any disclosure to any Person (other than any Loan Party, Agent, any Lender, any of their respective Affiliates, or their respective counsel) under this clause
(ix) with respect to litigation involving any Person (other than any Loan Party, Agent, any Lender, any of their respective Affiliates, or their respective counsel), the disclosing party agrees to provide Loan Parties with prior written notice
thereof, and (x) in connection with, and to the extent reasonably necessary for, the exercise of any secured creditor remedy under this Agreement or under any other Loan Document, in which case the disclosing party shall use its commercially
reasonable efforts to ensure that any such information so disclosed is accorded confidential treatment. 
 (b) Anything in this Agreement to
the contrary notwithstanding, Agent may disclose information concerning the terms and conditions of this Agreement and the other Loan Documents to loan syndication and pricing reporting services or in its marketing or promotional materials, with
such information to consist of deal terms and other information customarily found in such publications or marketing or promotional materials and may otherwise use the name, logos, and other insignia of any Loan Party or the other Loan Parties and
the Commitments provided hereunder in any “tombstone” or other advertisements, on its website or in other marketing materials of the Agent. 

(c) The Loan Parties hereby acknowledge that Agent or its Affiliates may make available to the Lenders materials or information provided by or
on behalf of Loan Parties hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks, SyndTrak or another similar electronic system (the “Platform”) and certain of the Lenders may
be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to the Loan Parties or their securities) (each, a “Public Lender”). The Loan Parties shall be deemed to have
authorized Agent and its Affiliates and the Lenders to treat Borrower Materials marked “PUBLIC” or otherwise at any time filed with the SEC as not containing any material non-public information with respect to the Loan Parties or their
securities for purposes of United States federal and state securities laws. All Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated as “Public Investor” (or another
similar term). Agent and its Affiliates and the Lenders shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” or that are not at any time filed with the SEC as being suitable only for posting on a portion of the
Platform not marked as “Public Investor” (or such other similar term). 
 17.10 Survival. All representations and
warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other
parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding
that Agent, Issuing Bank, or any Lender may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as
the principal of, or any accrued interest on, any Loan or any fee or any other amount payable under this Agreement is outstanding or unpaid or any Letter of Credit is outstanding and not subject to Letter of Credit Collateralization and so long as
the Commitments have not expired or been terminated. 
 17.11 Patriot Act. Each Lender that is subject to the requirements of
the Patriot Act hereby notifies Loan Parties that pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party
and other information that will allow such Lender to identify each Loan Party in accordance with the Patriot Act. In addition, if Agent is required by law or regulation or internal policies 

  
 76 

 
to do so, it shall have the right to periodically conduct (a) Patriot Act searches, OFAC/PEP searches, and customary individual background checks for the Loan Parties and (b) OFAC/PEP
searches and customary individual background checks for the Loan Parties’ senior management and key principals, and each Loan Party agrees to cooperate in respect of the conduct of such searches and further agrees that the reasonable costs and
charges for such searches shall constitute Lender Group Expenses hereunder and be for the account of Loan Parties. 
 17.12
Integration. This Agreement, together with the other Loan Documents, reflects the entire understanding of the parties with respect to the transactions contemplated hereby and shall not be contradicted or qualified by any other
agreement, oral or written, before the date hereof. The foregoing to the contrary notwithstanding, all Bank Product Agreements, if any, are independent agreements governed by the written provisions of such Bank Product Agreements, which will remain
in full force and effect, unaffected by any repayment, prepayments, acceleration, reduction, increase, or change in the terms of any credit extended hereunder, except as otherwise expressly provided in such Bank Product Agreement. 

17.13 Administrative Loan Party as Agent. Each Loan Party hereby irrevocably appoints SSO as the borrowing agent and
attorney-in-fact for all Loan Parties (the “Administrative Loan Party”) which appointment shall remain in full force and effect unless and until Agent shall have received prior written notice signed by Loan Parties that such
appointment has been revoked and that another Loan Party has been appointed Administrative Loan Party. Each Loan Party hereby irrevocably appoints and authorizes the Administrative Loan Party (a) to provide Agent with all notices with respect
to Revolving Loans and Letters of Credit obtained for the benefit of any Borrower and all other notices and instructions under this Agreement and the other Loan Documents (and any notice or instruction provided by Administrative Loan Party shall be
deemed to be given by Borrowers hereunder and shall bind each Borrower), (b) to receive notices and instructions from members of the Lender Group (and any notice or instruction provided by any member of the Lender Group to the Administrative
Loan Party in accordance with the terms hereof shall be deemed to have been given to each Loan Party), and (c) to take such action as the Administrative Loan Party deems appropriate on its behalf to obtain Revolving Loans and Letters of Credit
and to exercise such other powers as are reasonably incidental thereto to carry out the purposes of this Agreement. It is understood that the handling of the Loan Account and Collateral in a combined fashion, as more fully set forth herein, is done
solely as an accommodation to Loan Parties in order to utilize the collective borrowing powers of Borrowers in the most efficient and economical manner and at their request, and that Lender Group shall not incur liability to any Loan Party as a
result hereof. Each Loan Party expects to derive benefit, directly or indirectly, from the handling of the Loan Account and the Collateral in a combined fashion since the successful operation of each Loan Party is dependent on the continued
successful performance of the integrated group. To induce the Lender Group to do so, and in consideration thereof, each Loan Party hereby jointly and severally agrees to indemnify each member of the Lender Group and hold each member of the Lender
Group harmless against any and all liability, expense, loss or claim of damage or injury, made against the Lender Group by any Loan Party or by any third party whosoever, arising from or incurred by reason of (i) the handling of the Loan
Account and Collateral of Loan Parties as herein provided, or (ii) the Lender Group’s relying on any instructions of the Administrative Loan Party; except, that, Loan Parties will have no liability to the relevant
Agent-Related Person or Lender-Related Person under this Section 17.13 with respect to any liability that has been finally determined by a court of competent jurisdiction to have resulted solely from the gross negligence or willful
misconduct of such Agent-Related Person or Lender-Related Person, as the case may be. Each Loan Party acknowledges that, to the extent that any Loans are disbursed to a bank account of Administrative Loan Party, such Loans shall be deemed made for
the benefit of the Borrowers. 
 17.14 Spin Off Transactions. Notwithstanding anything to the contrary contained in this
Agreement or the other Loan Documents, the Lenders hereby consent to the Spin Off Transactions. 

  
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 [SIGNATURE PAGES FOLLOW] 

  
 78 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered as
of the date first above written. 
  

			
	BORROWERS
	
	NOMAC DRILLING, L.L.C.
		
	By:	 	 /s/ Cary D. Baetz

	Name:	 	Cary D. Baetz
	Title:	 	Chief Financial Officer
	
	PERFORMANCE TECHNOLOGIES, L.L.C.
		
	By:	 	 /s/ Cary D. Baetz

	Name:	 	Cary D. Baetz
	Title:	 	Chief Financial Officer
	
	GREAT PLAINS OILFIELD RENTAL, L.L.C.
		
	By:	 	 /s/ Cary D. Baetz

	Name:	 	Cary D. Baetz
	Title:	 	Chief Financial Officer
	
	HODGES TRUCKING COMPANY, L.L.C.
		
	By:	 	 /s/ Cary D. Baetz

	Name:	 	Cary D. Baetz
	Title:	 	Chief Financial Officer
	
	OILFIELD TRUCKING SOLUTIONS, L.L.C.
		
	By:	 	 /s/ Cary D. Baetz

	Name:	 	Cary D. Baetz
	Title:	 	Chief Financial Officer

 [SIGNATURES CONTINUED ON NEXT PAGE] 

  

[Signature Page to Credit Agreement] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	GUARANTORS
	
	CHESAPEAKE OILFIELD OPERATING, L.L.C. (to be known as SEVENTY SEVEN ENERGY INC.)
		
	By:	 	 /s/ Cary D. Baetz

	Name:	 	Cary D. Baetz
	Title:	 	Chief Financial Officer
	
	SEVENTY SEVEN OPERATING LLC
		
	By:	 	 /s/ Cary D. Baetz

	Name:	 	Cary D. Baetz
	Title:	 	Chief Financial Officer
	
	MID-STATES OILFIELD SUPPLY LLC
		
	By:	 	 /s/ Cary D. Baetz

	Name:	 	Cary D. Baetz
	Title:	 	Chief Financial Officer
	
	PTL PROP SOLUTIONS, L.L.C.
		
	By:	 	 /s/ Cary D. Baetz

	Name:	 	Cary D. Baetz
	Title:	 	Chief Financial Officer
	
	SEVENTY SEVEN LAND COMPANY LLC
		
	By:	 	 /s/ Cary D. Baetz

	Name:	 	Cary D. Baetz
	Title:	 	Chief Financial Officer

 [SIGNATURES CONTINUED ON NEXT PAGE] 

  

[Signature Page to Credit Agreement] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent, as Joint Lead Arranger
	and as a Lender
		
	By:	 	 /s/ Jennifer Avrigian

	Name:	 	Jennifer Avrigian
	Title:	 	Authorized Signatory

  

[Signature Page to Credit Agreement] 

 
			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Mark Porter

	Name:	 	Mark Porter
	Title:	 	Senior Vice President

  

[Signature Page to Credit Agreement] 

 
			
	SUNTRUST BANK, as a Lender
		
	By:	 	 /s/ Chad Ramsey

	Name:	 	Chad Ramsey
	Title:	 	Director

  

[Signature Page to Credit Agreement] 

 
			
	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender
		
	By:	 	 /s/ David Gurghigian

	Name:	 	David Gurghigian
	Title:	 	Managing Director
		
	By:	 	 /s/ Michael D. Willis

	Name:	 	Michael D. Willis
	Title:	 	Managing Director

  

[Signature Page to Credit Agreement] 

 
			
	MORGAN STANLEY BANK, N.A., as a Lender
		
	By:	 	 /s/ Michael King

	Name:	 	Michael King
	Title:	 	Authorized Signatory

  

[Signature Page to Credit Agreement] 

 Schedule 1.1 

As used in the Agreement, the following terms shall have the following definitions: 

“Account” means an account (as that term is defined in the Code). 

“Account Debtor” means any Person who is obligated on an Account, chattel paper, or a general intangible. 

“Accounting Changes” means changes in accounting principles required by the promulgation of any rule, regulation,
pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants (or successor thereto or any agency with similar functions). 

“Acquired Indebtedness” means Indebtedness of a Person whose assets or Equity Interests are acquired (including by way of
merger or consolidation) by a Loan Party or any of its Subsidiaries in a Permitted Acquisition; provided, that, such Indebtedness (a) is not secured by a Lien on any Accounts or any other Collateral included (or that will be
included upon such Permitted Acquisition) in the Borrowing Base, (b) was in existence on or prior to the date of such Permitted Acquisition, and (c) was not incurred in connection with, or in contemplation of, such Permitted Acquisition.

 “Acquisition” means (a) the purchase or other acquisition by a Person or its Subsidiaries of all or substantially
all of the assets of (or any division or business line of) any other Person, or (b) the purchase or other acquisition (whether by means of a merger, consolidation, or otherwise) by a Person or its Subsidiaries of all or substantially all of the
Equity Interests of any other Person. 
 “Additional Documents” has the meaning specified therefor in
Section 5.12 of the Agreement. 
 “Administrative Loan Party” has the meaning specified therefor in
Section 17.13 of the Agreement. 
 “Administrative Questionnaire” has the meaning specified therefor in
Section 13.1(a) of the Agreement. 
 “Affected Lender” has the meaning specified therefor in
Section 2.12(b) of the Agreement. 
 “Affiliate” means, as applied to any Person, any other Person who
controls, is controlled by, or is under common control with, such Person. For purposes of this definition, “control” means the possession, directly or indirectly through one or more intermediaries, of the power to direct the
management and policies of a Person, whether through the ownership of Equity Interests, by contract, or otherwise. 

“Agent” has the meaning specified therefor in the preamble to the Agreement. 

“Agent-Related Persons” means Agent, together with its Affiliates, officers, directors, employees, attorneys, and agents.

 “Agent’s Account” means the Deposit Account of Agent identified on Schedule A-1 to this Agreement (or such
other Deposit Account of Agent that has been designated as such, in writing, by Agent to Borrowers and the Lenders). 

  
 P-1-1 

 “Agent’s Liens” means the Liens granted by each Loan Party or its
Subsidiaries to Agent under the Loan Documents and securing the Obligations. 
 “Agreement” means the Credit Agreement to
which this Schedule 1.1 is attached. 
 “Applicable Margin” means, as of any date of determination and with respect
to Base Rate Loans or LIBOR Rate Loans, as applicable, the applicable margin set forth in the following table that corresponds to the Average Excess Availability for the most recently completed fiscal quarter; provided, that, for the
period from the Closing Date through and including September 30, 2014, the Applicable Margin shall be set at the margin in the row styled “Level II: 
  

							
	 Level
	  	 Average Excess

Availability
	  	 Applicable Margin

Relative to Base Rate
 Loans
(the “Base Rate
 Margin”)
	  	 Applicable Margin

Relative to LIBOR Rate

Loans (the “LIBOR Rate

Margin”)

				
	 I
	  	3 60% of Maximum Revolver Amount	  	0.50 percentage points	  	1.50 percentage points
				
	 II
	  	< 60% of Maximum Revolver Amount and 3 30% of Maximum Revolver Amount	  	0.75 percentage points	  	1.75 percentage points
				
	 III
	  	< 30% of Maximum Revolver Amount	  	1.00 percentage points	  	2.00 percentage points

 The Applicable Margin shall be re-determined as of the first
(1st) day of each fiscal quarter of Loan Parties. 
 “Applicable Unused
Line Fee Percentage” means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed fiscal quarter as determined
by Agent in its Permitted Discretion; provided, that, for the period from the Closing Date through and including September 30, 2014, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled
“Level II”: 
  

					
	 Level
	  	 Average Revolver Usage
	  	 Applicable Unused Line Fee

Percentage

			
	 I
	  	3 50% of the Maximum Revolver Amount	  	0.25 percentage points
			
	 II
	  	< 50% of the Maximum Revolver Amount	  	0.375 percentage points

 The Applicable Unused Line Fee Percentage shall be re-determined on the first (1st) day of each fiscal quarter by Agent. 

  
 P-1-2 

 “Application Event” means the occurrence of (a) a failure by Borrowers to
repay all of the Obligations in full on the Maturity Date or any earlier date on which the Obligations become due and payable in full pursuant to the terms of the Agreement, or (b) an Event of Default and the election by Agent or the Required
Lenders to require that payments and proceeds of Collateral be applied pursuant to Section 2.3(b)(ii) of the Agreement. 

“Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in
bank loans and similar extensions of credit in the ordinary course and that is administered, advised or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers, advises or
manages a Lender. 
 “Assignee” has the meaning specified therefor in Section 13.1(a) of the Agreement. 

“Assignment and Acceptance” means an Assignment and Acceptance Agreement substantially in the form of Exhibit A-1 to
the Agreement. 
 “Authorized Person” means any one of the individuals identified on Schedule A-2 to the Agreement,
as such schedule is updated from time to time by written notice from Administrative Loan Party to Agent. Each individual listed on Schedule A-2 from time to time shall be either an authorized officer of the Administrative Loan Party or an
authorized signatory of the Administrative Loan Party. 
 “Average Excess Availability” means, with respect to any period,
the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period. 

“Average Revolver Usage” means, with respect to any period, the sum of the aggregate amount of Revolver Usage for each
Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period. 

“Bank Product” means any one or more of the following financial products or accommodations extended to a Loan Party or its
Subsidiaries by a Bank Product Provider: (a) credit cards (including commercial cards (including so-called ‘purchase cards”, “procurement cards” or “p-cards”)), (b) credit card processing
services, (c) debit cards, (d) stored value cards, (e) Cash Management Services, or (f) transactions under Hedge Agreements. 

“Bank Product Agreements” means those agreements entered into from time to time by a Loan Party or its Subsidiaries with a
Bank Product Provider in connection with the obtaining of any of the Bank Products. 
 “Bank Product Obligations” means
(a) all obligations, liabilities, reimbursement obligations, fees, or expenses owing by each Loan Party and its Subsidiaries to any Bank Product Provider pursuant to or evidenced by a Bank Product Agreement and irrespective of whether for the
payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, (b) all Hedge Obligations, and (c) all amounts that Agent or any Lender is obligated to pay to a Bank Product
Provider as a result of Agent or such Lender purchasing participations from, or executing guarantees or indemnities or reimbursement obligations to, a Bank Product Provider with respect to the Bank Products provided by such Bank Product Provider to
a Loan Party or its Subsidiaries; provided, in order for any item described in clauses (a) (b), or (c) above, as applicable, to constitute “Bank Product Obligations”, if the applicable Bank Product Provider is any Person
other than Wells Fargo or its Affiliates, then the applicable Bank Product must have been provided on or after the Closing Date and Agent shall have received a Bank Product Provider Agreement within ten (10) days after the date of the provision
of the applicable Bank Product to a Loan Party or its Subsidiaries. 

  
 P-1-3 

 “Bank Product Provider” means any Lender or any of its Affiliates, including
each of the foregoing in its capacity, if applicable, as a Hedge Provider; provided, that, no such Person (other than Wells Fargo or its Affiliates) shall constitute a Bank Product Provider with respect to a Bank Product unless and
until Agent receives a Bank Product Provider Agreement from such Person and with respect to the applicable Bank Product within ten (10) days after the provision of such Bank Product to a Loan Party or its Subsidiaries; provided, further, that,
if, at any time, a Lender ceases to be a Lender under the Agreement, then, from and after the date on which it ceases to be a Lender thereunder, neither it nor any of its Affiliates shall constitute Bank Product Providers and the obligations with
respect to Bank Products provided by such former Lender or any of its Affiliates shall no longer constitute Bank Product Obligations. 

“Bank Product Provider Agreement” means an agreement in substantially the form attached hereto as Exhibit B-2 to the
Agreement, in form and substance satisfactory to Agent, duly executed by the applicable Bank Product Provider, Borrowers, and Agent. 

“Bank Product Reserves” means, collectively, (a) with respect to reserves related to Hedge Obligations, as of any date
of determination, those reserves that Agent deems necessary or appropriate to establish (based upon the Hedge Providers’ determination of the liabilities and obligations of each Loan Party and its Subsidiaries in respect of Hedge Obligations)
in respect of Hedge Obligations then provided or outstanding and (b) with respect to reserves related to Bank Product Obligations (other than Hedge Obligations), as of any date of determination after Excess Availability is less than the greater
of 30% of the Maximum Revolver Amount or $82,500,000, those reserves that Agent deems necessary or appropriate to establish (based upon the Bank Product Providers’ determination of the liabilities and obligations of each Loan Party and its
Subsidiaries in respect of Bank Product Obligations (other than Hedge Obligations)) in respect of Bank Product Obligations (other than Hedge Obligations) then provided or outstanding, provided, that, any such reserve that has been implemented
pursuant to clause (b) of this definition in respect of Bank Product Obligations (other than Hedge Obligations) shall be released if Excess Availability shall be equal to or greater than the greater of 30% of the Maximum Revolver Amount or
$82,500,000 for at least 60 consecutive days thereafter and no Default or Event of Default exists at such time or would result therefrom. 

“Bankruptcy Code” means title 11 of the United States Code, as in effect from time to time. 

“Base Rate” means the greatest of (a) the Federal Funds Rate plus one half of one percent (0.50%), (b) the LIBOR
Rate (which rate shall be calculated based upon an Interest Period of one (1) month and shall be determined on a daily basis), plus one (1) percentage point, and (c) the rate of interest announced, from time to time, within Wells
Fargo at its principal office in San Francisco as its “prime rate”, with the understanding that the “prime rate” is one of Wells Fargo’s base rates (not necessarily the lowest of such rates) and serves as the
basis upon which effective rates of interest are calculated for those loans making reference thereto and is evidenced by the recording thereof after its announcement in such internal publications as Wells Fargo may designate. 

“Base Rate Loan” means each portion of the Revolving Loans that bears interest at a rate determined by reference to the Base
Rate. 
 “Base Rate Margin” has the meaning set forth in the definition of Applicable Margin. 

  
 P-1-4 

 “Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule
13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person” will be deemed to have beneficial
ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only upon the occurrence of a subsequent condition. The
terms “Beneficially Owns” and “Beneficially Owned” have correlative meanings. 
 “Benefit Plan” means a
“defined benefit plan” (as defined in Section 3(35) of ERISA) for which any Loan Party or any of its Subsidiaries or ERISA Affiliates has been an “employer” (as defined in Section 3(5) of ERISA) within the
past six years. 
 “Board of Directors” means, as to any Person, the board of directors (or comparable managers) of such
Person, or any committee thereof duly authorized to act on behalf of the board of directors (or comparable managers). 
 “Board of
Governors” means the Board of Governors of the Federal Reserve System of the United States (or any successor). 
 “Borrower
Materials” has the meaning specified therefor in Section 17.9(c) of the Agreement. 
 “Borrowers” has
the meaning specified in the preamble to the Agreement. 
 “Borrowing” means a borrowing consisting of Revolving Loans made
on the same day by the Lenders (or Agent on behalf thereof), or by Swing Lender in the case of a Swing Loan, or by Agent in the case of an Extraordinary Advance. 

“Borrowing Base” means, as of any date of determination, the result of: 

(a) 85% of the amount of Eligible Accounts, plus 

(b) the lesser of (i) 85% of the amount of Eligible Unbilled Accounts or (ii) $40,000,000, plus 

(c) 100% of the amount of Qualified Cash, minus 

(d) the aggregate amount of Reserves, if any, established by Agent under Section 2.1(c) of the Agreement. 

“Borrowing Base Certificate” means a certificate in the form of Exhibit B-1. 

“Business Day” means any day that is not a Saturday, Sunday, or other day on which banks are authorized or required to close
in the State of New York; except, that, if a determination of a Business Day shall relate to a LIBOR Rate Loan, the term “Business Day” also shall exclude any day on which banks are closed for dealings in Dollar
deposits in the London interbank market. 
 “Capital Expenditures” means, with respect to any Person for any period, the
amount of all expenditures by such Person and its Subsidiaries during such period that are capital expenditures as determined in accordance with GAAP, whether such expenditures are paid in cash or financed (including, but not limited to, rig
buybacks), but excluding, without duplication, (a) with respect to the purchase price of assets that are purchased substantially contemporaneously with the trade-in of existing assets during 

  
 P-1-5 

 
such period, the amount that the gross amount of such purchase price is reduced by the credit granted by the seller of such assets for the assets being traded in at such time,
(b) expenditures made during such period to consummate one or more Permitted Acquisitions, and (c) expenditures during such period that, pursuant to a written agreement, are reimbursed by a third Person (excluding any Loan Party or any of
its Affiliates). 
 “Capitalized Lease Obligation” means that portion of the obligations under a Capital Lease that is
required to be capitalized in accordance with GAAP. 
 “Capital Lease” means a lease that is required to be capitalized for
financial reporting purposes in accordance with GAAP. Notwithstanding the foregoing, if GAAP lease accounting rules that are amended or adopted after the date hereof shall require a lease previously determined to be an operating lease to be recorded
on a balance sheet in accordance with such rules, such lease shall not be treated as a Capital Lease for purposes of this Agreement or the other Loan Documents. 

“Cash Dominion Period” means any period during which (a) Excess Availability is less than 10% of the Maximum Revolver
Amount, or (b) any Specified Event of Default exists; provided, that, (i) to the extent that the Cash Dominion Period has commenced due to clause (a) of this definition, if Excess Availability shall be equal to or greater than 10% of
the Maximum Revolver Amount for at least 30 consecutive days, the Cash Dominion Period shall no longer be deemed to exist or be continuing until such time as Excess Availability may again be less than 10% of the Maximum Revolver Amount at any time,
and (ii) to the extent that the Cash Dominion Period has commenced due to the existence of a Specified Event of Default as provided in clause (b) of this definition, if such Specified Event of Default is cured or waived or otherwise no
longer exists for at least 30 consecutive days, the Cash Dominion Event shall no longer be deemed to exist or be continuing until such time as there may be another Specified Event of Default. In no event may a Cash Dominion Event be cured as
contemplated by clause (i) or (ii) above more than 2 times in any 12 month period. 
 “Cash Equivalents” means
(a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one (1) year from
the date of acquisition thereof, (b) marketable direct obligations issued or fully guaranteed by any state of the United States or any political subdivision of any such state or any public instrumentality thereof maturing within one
(1) year from the date of acquisition thereof and, at the time of acquisition, having one of the two highest ratings obtainable from either Standard & Poor’s Rating Group (“S&P”) or Moody’s Investors
Service, Inc. (“Moody’s”), (c) commercial paper maturing no more than two hundred seventy (270) days from the date of creation thereof and, at the time of acquisition, having a rating of at least A-1 from S&P or
at least P-1 from Moody’s, (d) certificates of deposit, time deposits, overnight bank deposits or bankers’ acceptances maturing within one (1) year from the date of acquisition thereof issued by any bank organized under the laws
of the United States or any state thereof or the District of Columbia or any United States branch of a foreign bank having at the date of acquisition thereof combined capital and surplus of not less than $1,000,000,000, (e) Deposit Accounts
maintained with (i) any bank that satisfies the criteria described in clause (d) above, or (ii) any other bank organized under the laws of the United States or any state thereof so long as the full amount maintained with any such
other bank is insured by the Federal Deposit Insurance Corporation, (f) repurchase obligations of any commercial bank satisfying the requirements of clause (d) of this definition or recognized securities dealer having combined capital and
surplus of not less than $1,000,000,000, having a term of not more than seven (7) days, with respect to securities satisfying the criteria in clauses (a) or (d) above, (g) debt securities with maturities of six months or less
from the date of acquisition backed by standby letters of credit issued by any commercial bank satisfying the criteria described in clause (d) above, and (h) Investments in money market funds substantially all of whose assets are invested
in the types of assets described in clauses (a) through (g) above. 

  
 P-1-6 

 “Cash Management Services” means any cash management or related services
including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated
Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements. 

“CFC” means a controlled foreign corporation (as that term is defined in the IRC). 

“Change of Control” means the occurrence of any of the following events, in each case excluding any of the Spin Off
Transactions: 
 (a) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or
consolidation), in one transaction or a series of related transactions, of all or substantially all of the properties or assets (including Equity Interests of the Subsidiaries) of the Parent and its Subsidiaries taken as a whole, to any
“person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than Chesapeake or a Subsidiary thereof; 
 (b)
the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), other than Chesapeake or a
Subsidiary thereof, becomes the Beneficial Owner, directly or indirectly, of more than 50% of the voting power of all classes of Equity Interests of the Parent (or its successor by merger, consolidation or purchase of all or substantially all of its
assets), measured by voting power rather than number of shares, units or the like; or 
 (c) the Parent shall cease to be, directly or
indirectly, the Beneficial Owner of all of the Equity Interests of SSO free and clear of all Liens, other than Liens securing the Obligations. 

Notwithstanding the preceding, a conversion of the Parent or any of its Subsidiaries from a limited partnership, corporation, limited
liability company or other form of entity to a limited partnership, corporation, limited liability company or other form of entity or an exchange of all of the outstanding Equity Interests in one form of entity for Equity Interests in another form
of entity shall not constitute a Change of Control, so long as following such conversion or exchange the “persons” (as that term is used in Section 13(d)(3) of the Exchange Act) who Beneficially Owned the Equity Interests of the
Parent immediately prior to such transactions continue to Beneficially Own in the aggregate more than 50% of the voting power of all classes of Equity Interests of such entity, or continue to Beneficially Own, sufficient Equity Interests in such
entity to elect a majority of its directors, managers, trustees or other persons serving in a similar capacity for such entity, and, in either case, no “person,” other than Chesapeake or a Subsidiary thereof, Beneficially Owns more than
50% of the voting power of all classes of Equity Interests of such entity. 
 “Change in Law” means the occurrence after
the date of the Agreement of: (a) the adoption or effectiveness of any law, rule, regulation, judicial ruling, judgment or treaty, (b) any change in any law, rule, regulation, judicial ruling, judgment or treaty or in the administration,
interpretation, implementation or application by any Governmental Authority of any law, rule, regulation, guideline or treaty, or (c) the making or issuance by any Governmental Authority of any request, rule, guideline or directive, whether or
not having the force of law; provided, that, notwithstanding anything in the Agreement to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder
or issued in connection therewith and (ii) all requests, rules, guidelines or directives concerning capital adequacy promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar
authority) or the United States or foreign regulatory authorities shall, in each case, be deemed to be a “Change in Law,” regardless of the date enacted, adopted or issued. 

  
 P-1-7 

 “Chesapeake” means Chesapeake Energy Corporation, an Oklahoma corporation. 

“Closing Date” means June 25, 2014. 

“Closing Date Distribution” means (a) the cash distribution by Parent on the Closing Date in an amount not to exceed
$65,000,000; provided, that, the proceeds of such cash dividend, together with proceeds of loans received by Parent under the Term Loan Agreement, will be immediately applied to repay all amounts owing under or in connection with the
Existing Credit Facility so that the Existing Credit Facility (and all Liens granted in connection therewith) will be immediately terminated, and (b) substantially concurrently with the receipt by Parent of cash proceeds from the issuance of
the Unsecured Notes, Parent may apply up to $380,000,000 of such proceeds to pay a cash distribution. 
 “Code” means the
New York Uniform Commercial Code, as in effect from time to time. 
 “Collateral” means all assets and interests in assets
and proceeds thereof now owned or hereafter acquired by any Loan Party or its Subsidiaries in or upon which a Lien is granted by such Person in favor of Agent or the Lenders under any of the Loan Documents. 

“Collateral Access Agreement” means a landlord waiver, or acknowledgement agreement of any lessor or other Person in
possession of, having a Lien upon, or having rights or interests in any Loan Party’s primary books and records relating to Collateral, in each case in form and substance reasonably satisfactory to Agent. 

“Commitment” means, with respect to each Lender, its Revolver Commitment, and, with respect to all Lenders, their Revolver
Commitments, in each case, as such Dollar amounts are set forth beside such Lender’s name under the applicable heading on Schedule C-1 to the Agreement or in the Assignment and Acceptance pursuant to which such Lender became a Lender
under the Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1 of the Agreement. 

“Commodities Account” means a commodities account (as such term is defined in the Code). 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any
successor statute. 
 “Compliance Certificate” means a certificate substantially in the form of Exhibit C-1 to the
Agreement delivered by the chief financial officer or treasurer of Parent to Agent. 
 “Compliance Period” means any period
commencing on the date Excess Availability is less than ten percent (10%) of the Maximum Revolver Amount and ending on the date that Excess Availability has been greater than ten percent (10%) of the Maximum Revolver Amount for any
consecutive thirty (30) day period thereafter. 
 “Confidential Information” has the meaning specified therefor in
Section 17.9(a) of the Agreement. 
 “Consolidated Tangible Assets” means, at any date of determination, the
amount of total assets included in the most recent monthly, quarterly or annual consolidated balance sheet of the Parent and its 

  
 P-1-8 

 
Subsidiaries prepared in accordance with GAAP, less applicable reserves reflected in such balance sheet, after deducting the amount of all goodwill, trademarks, patents, copyrights, unamortized
debt discounts and expenses and any other like intangibles reflected in such balance sheet. 
 “Continuing Director” means
(a) any member of the Board of Directors who was a director (or comparable manager) of Parent on the Closing Date, and (b) any individual who becomes a member of the Board of Directors of Parent after the Closing Date if such individual
was approved, appointed or nominated for election to the Board of Directors by a majority of the Continuing Directors, but excluding any such individual originally proposed for election in opposition to the Board of Directors in office at the
Closing Date in an actual or threatened election contest relating to the election of the directors (or comparable managers) of Parent and whose initial assumption of office resulted from such contest or the settlement thereof. 

“Control Agreement” means a control agreement, in form and substance reasonably satisfactory to Agent, executed and delivered
by a Loan Party or one of its Subsidiaries, Agent, and the applicable securities or commodities intermediary (with respect to a Securities Account or a Commodities Account) or bank (with respect to a Deposit Account). 

“Conversion” means the conversion prior to the Spin Off of Parent from Chesapeake Oilfield Operating, L.L.C., an Oklahoma
limited liability company to Seventy Seven Energy Inc., an Oklahoma corporation. 
 “Default” means an event, condition, or
default that, with the giving of notice, the passage of time, or both, would be an Event of Default. 
 “Defaulting Lender”
means any Lender that (a) has failed to fund any amounts required to be funded by it under the Agreement within two (2) Business Days of the date that it is required to do so under the Agreement (including the failure to make available to
Agent amounts required pursuant to a Settlement or to make a required payment in connection with a Letter of Credit Disbursement) unless such Lender notifies Agent and the Administrative Loan Party in writing that such failure is the result of such
Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable Event of Default, shall be specifically identified in such writing) has not been satisfied,
(b) notified Borrowers, Agent, or any Lender in writing that it does not intend to comply with all or any portion of its funding obligations under the Agreement, (c) has made a public statement to the effect that it does not intend to
comply with its funding obligations under the Agreement or under other agreements generally (as reasonably determined by Agent) under which it has committed to extend credit, (d) failed, within two (2) Business Days after written request
by Agent, to confirm that it will comply with the terms of the Agreement relating to its obligations to fund any amounts required to be funded by it under the Agreement, (e) otherwise failed to pay over to Agent or any other Lender any other
amount required to be paid by it under the Agreement within one (1) Business Day of the date that it is required to do so under the Agreement, or (f) (i) becomes or is insolvent or has a parent company that has become or is insolvent
or (ii) becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or
acquiescence in any such proceeding or appointment or has a parent company that has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, or custodian appointed for it, or has taken any action in
furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment. 
 “Defaulting
Lender Rate” means (a) for the first three (3) days from and after the date the relevant payment is due, the Base Rate, and (b) thereafter, the interest rate then applicable to Revolving Loans that are Base Rate Loans
(inclusive of the Base Rate Margin applicable thereto). 

  
 P-1-9 

 “Deposit Account” means any deposit account (as that term is defined in the
Code). 
 “Designated Account” means the Deposit Account of Borrowers identified on Schedule D-1 to the Agreement
(or such other Deposit Account of Borrowers located at Designated Account Bank that has been designated as such, in writing, by Borrowers to Agent). 

“Designated Account Bank” has the meaning specified therefor in Schedule D-1 to the Agreement (or such other bank that
is located within the United States that has been designated as such, in writing, by Borrowers to Agent). 
 “Dilution
Percent” means, as of any date of determination, the percent, determined for all Borrowers in the aggregate, for the most recent twelve-month period, equal to (a) bad debt write-downs or write-offs, discounts, returns, promotions,
credits, credit memos and other dilutive items with respect to the Borrowers’ Accounts during such period, divided by (b) billings of the Borrowers with respect to Accounts during such period. 

“Dilution Reserve” means, without duplication of any other reserves or items that are otherwise addressed or excluded through
eligibility criteria, the aggregate amount of reserves, as established by the Agent from time to time in its Permitted Discretion, in an amount equal to the value of the Eligible Accounts multiplied by 1% for each percentage point that the
Borrowers’ Dilution Percent exceeds 5%. 
 “Disposition” has the meaning specified therefor in the definition of
“Permitted Disposition”. 
 “Disqualified Equity Interests” means any Equity Interest that, by its terms (or by
the terms of any security or other Equity Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for Qualified Equity
Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to
the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments), (b) is redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests),
in whole or in part, (c) provides for the scheduled payments of dividends in cash, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in
each case, prior to the date that is one hundred eighty (180) days after the Maturity Date. 
 “Dollars” or
“$” means United States dollars. 
 “Domestic Subsidiary” means any Subsidiary that is organized under the
laws of any political subdivision of the United States. 
 “Drawing Document” means any Letter of Credit or other document
presented for purposes of drawing under any Letter of Credit. 
 “Earn-Outs” means unsecured liabilities of a Loan Party
arising under an agreement to make any deferred payment as a part of the Purchase Price for a Permitted Acquisition, including performance bonuses or consulting payments in any related services, employment or similar agreement, in an amount that is
subject to or contingent upon the revenues, income, cash flow or profits (or the like) of the target of such Permitted Acquisition. 

“EBITDA” means, with respect to any fiscal period: 

(a) Parent’s and its Subsidiaries’ consolidated net earnings (or loss), 

  
 P-1-10 

 minus 

(b) without duplication, the sum of the following amounts of Parent and its Subsidiaries for such period to the extent included in determining
consolidated net earnings (or loss) for such period: 
 (i) any extraordinary, unusual, or non-recurring non-cash gains, 

(ii) interest income, 
 (iii)
non-cash exchange, translation or performance gains relating to any hedging transactions or foreign currency fluctuations, 
 (iv) income
arising by reason of the application of FAS 141R, and 
 (v) tax credits based on income, profits or capital, including federal, foreign,
state, franchise and similar taxes (and for the avoidance of doubt, specifically excluding any sales taxes or any other taxes held in trust for a Government Authority), 

plus 
 (c) without duplication,
the sum of the following amounts of Parent and its Subsidiaries for such period to the extent included in determining consolidated net earnings (or loss) for such period: 

(i) any extraordinary, unusual, or non-recurring non-cash losses, 

(ii) rig lease/rental expenses incurred on or after July 1, 2014 through March 31, 2015, 

(iii) costs incurred through June 30, 2014 in connection with the early termination of the lease of any oil and gas drilling rigs in an
amount not to exceed $25,000,000, 
 (iv) Interest Expense, 

(v) tax expense based on income, profits or capital, including federal, foreign, state, franchise and similar taxes (and for the avoidance of
doubt, specifically excluding any sales taxes or any other taxes held in trust for a Governmental Authority), 
 (vi) depreciation and
amortization for such period, 
 (vii) (A) with respect to the Spin Off Transactions, costs, reasonable fees to Persons (other than any
Loan Party or any of its Affiliates), charges, or expenses incurred in connection therewith prior to or on the Closing Date up to an aggregate amount (for all such items included in this clause (A)) not to exceed $25,000,000; provided that the
amounts necessary to pay all of such costs, fees, charges, or expenses are paid on, or accrued within sixty (60) days of, the Closing Date as reflected in the sources and uses delivered to Agent that is reasonably acceptable to Agent, and
(B) with respect to any Permitted Acquisition after the Closing Date, costs, fees, charges, or expenses consisting of out-of-pocket expenses owed by Loan Parties to any Person for services performed by such Person in connection with such
Permitted Acquisition incurred within thirty (30) days of the consummation of such Permitted Acquisition, up to an aggregate amount (for all such items in this clause (B)) for such Permitted Acquisition not to exceed five (5%) percent of
the Purchase Price of such Permitted Acquisition, 

  
 P-1-11 

 (viii) (A) with respect to the Spin Off: (1) purchase accounting adjustments, including,
without limitation, a dollar for dollar adjustment for that portion of revenue that would have been recorded in the relevant period had the balance of deferred revenue (unearned income) recorded on the closing balance sheet and before application of
purchase accounting not been adjusted downward to fair value to be recorded on the opening balance sheet in accordance with GAAP purchase accounting rules; and (2) non-cash adjustments in accordance with GAAP purchase accounting rules under
FASB Statement No. 141 and EITF Issue No. 01-3, in the event that such an adjustment is required by Parent’s independent auditors, in each case, as determined in accordance with GAAP; and (B) with respect to any Permitted
Acquisitions after the Closing Date: (1) purchase accounting adjustments, including, without limitation, a dollar for dollar adjustment for that portion of revenue that would have been recorded in the relevant period had the balance of deferred
revenue (unearned income) recorded on the closing balance sheet and before application of purchase accounting not been adjusted downward to fair value to be recorded on the opening balance sheet in accordance with GAAP purchase accounting rules; and
(2) non-cash adjustments in accordance with GAAP purchase accounting rules under FASB Statement No. 141 and EITF Issue No. 01-3, in the event that such an adjustment is required by Parent’s independent auditors, in each case, as
determined in accordance with GAAP, 
 (ix) fees, costs, charges and expenses, in respect of Earn-Outs incurred in connection with any
Permitted Acquisition to the extent permitted to be incurred under the Agreement that are required by the application of FAS 141R to be and are expensed by Loan Parties and their Subsidiaries, 

(x) non-cash compensation expense (including deferred non-cash compensation expense), or other non-cash expenses or charges, arising from the
sale or issuance of Equity Interests, the granting of stock options, and the granting of stock appreciation rights and similar arrangements (including any repricing, amendment, modification, substitution, or change of any such Equity Interests,
stock option, stock appreciation rights, or similar arrangements) minus the amount of any such expenses or charges when paid in cash to the extent not deducted in the computation of net earnings (or loss), 

(xi) non-cash exchange, translation, or performance losses relating to any hedging transactions or foreign currency fluctuations, and 

(xii) non-cash losses on sales of fixed assets or write-downs of fixed or intangible assets. 

in each case, determined on a consolidated basis in accordance with GAAP. 

For the purposes of calculating EBITDA for any Reference Period, if at any time during such Reference Period (and after the Closing Date), any
Loan Party shall have made a Permitted Acquisition, EBITDA for such Reference Period shall be calculated after giving pro forma effect thereto (including pro forma adjustments arising out of events which are directly attributable to
such Permitted Acquisition, are factually supportable, and are expected to have a continuing impact, in each case to be mutually and reasonably agreed upon by the Administrative Loan Party and Agent) or in such other manner acceptable to Agent as if
any such Permitted Acquisition or adjustment occurred on the first day of such Reference Period. 

  
 P-1-12 

 “Eligible Accounts” means those Accounts created by a Borrower in the ordinary
course of its business, that arise out of such Borrower’s sale of goods or rendition of services, that comply with each of the representations and warranties respecting Eligible Accounts made in the Loan Documents, and that are not excluded as
ineligible by virtue of one or more of the excluding criteria set forth below; provided, that, such criteria may be revised from time to time by Agent in Agent’s Permitted Discretion to address the results of any field examination
performed by (or on behalf of) Agent from time to time after the Closing Date. In determining the amount to be included, Eligible Accounts shall be calculated net of customer deposits, unapplied cash, taxes, discounts, credits, allowances, and
rebates. Eligible Accounts shall not include the following: 
 (a) Accounts that the Account Debtor has failed to pay (i) within one
hundred twenty (120) days of the original invoice date (in the case of Accounts having payment terms of more than thirty (30) days from the original invoice date) or within ninety (90) days of the original invoice date (in the case of
Accounts having payment terms of less than or equal to thirty (30) days from the original invoice date), or (ii) within sixty (60) days of the original due date, 

(b) Accounts owed by an Account Debtor (or its Affiliates) where fifty (50%) percent or more of all Accounts owed by that Account Debtor
(or its Affiliates) are deemed ineligible under clause (a) above, 
 (c) Accounts with respect to which the Account Debtor is an
Affiliate of any Borrower or an employee or agent of any Borrower or any Affiliate of any Borrower, 
 (d) Accounts arising in a transaction
wherein goods are placed on consignment or are sold pursuant to a guaranteed sale, a sale or return, a sale on approval, a bill and hold, or any other terms by reason of which the payment by the Account Debtor may be conditional, 

(e) Accounts that are not payable in Dollars, 

(f) Accounts with respect to which the Account Debtor either (i) does not maintain its chief executive office in the United States, or
(ii) is not organized under the laws of the United States or any state thereof, or (iii) is the government of any foreign country or sovereign state, or of any state, province, municipality, or other political subdivision thereof, or of
any department, agency, public corporation, or other instrumentality thereof, in each case unless (A) the Account is supported by an irrevocable letter of credit reasonably satisfactory to Agent (as to form, substance, and issuer or domestic
confirming bank) that has been delivered to Agent and is directly drawable by Agent or such letter of credit is otherwise acceptable to Agent in its Permitted Discretion, or (B) the Account is covered by credit insurance in form, substance, and
amount, and by an insurer, reasonably satisfactory to Agent, 
 (g) Accounts with respect to which the Account Debtor is either (i) the
United States or any department, agency, or instrumentality of the United States (exclusive, however, of Accounts with respect to which Borrowers have complied, to the reasonable satisfaction of Agent, with the Assignment of Claims Act, 31 USC
§3727), or (ii) any state of the United States and applicable law restricts or does not allow (A) an assignment of Accounts owing by such Account Debtor or (B) the rights or remedies of a secured party with respect to Accounts
owing by such Account Debtor, 
 (h) Accounts with respect to which the Account Debtor is a creditor of a Borrower, has or has asserted a
right of recoupment or setoff, or has disputed its obligation to pay all or any portion of the Account, in each case to the extent of such claim, right of recoupment or setoff, or dispute, 

  
 P-1-13 

 (i) (A) Accounts owing by any Account Debtor (other than Chesapeake or any of its Affiliates)
whose total obligations owing to Borrowers exceed fifteen (15%) percent (such percentage, as applied to a particular Account Debtor, being subject to reduction by Agent in its Permitted Discretion if the creditworthiness of such Account Debtor
deteriorates) of all Eligible Accounts, to the extent of the obligations owing by such Account Debtor in excess of such percentage, or (B) except as Agent may otherwise agree, Accounts owing by Chesapeake and its Affiliates whose total
obligations owing to Borrowers exceed thirty (30%) percent of all Eligible Accounts, to the extent of the obligations owing by Chesapeake and its Affiliates in excess of such percentage, but only if the corporate credit rating of Chesapeake has
been downgraded by more than two levels from its corporate credit rating as in effect on the Closing Date by either Moody’s or S&P; provided, that, in each case, the amount of Eligible Accounts that are excluded because they
exceed the foregoing applicable percentage shall be determined by Agent based on all of the otherwise Eligible Accounts prior to giving effect to any eliminations based upon the foregoing concentration limits, 

(j) Accounts with respect to which the Account Debtor is subject to an Insolvency Proceeding, is not Solvent, has gone out of business, or as
to which any Borrower has received notice of an imminent Insolvency Proceeding or a material impairment of the financial condition of such Account Debtor, 

(k) Accounts, the collection of which, Agent, in its Permitted Discretion, believes to be doubtful, including by reason of the Account
Debtor’s financial condition, 
 (l) Accounts that are not subject to a valid and perfected first priority Agent’s Lien, 

(m) Accounts with respect to which (i) the goods giving rise to such Account have not been shipped and billed to the Account Debtor, or
(ii) the services giving rise to such Account have not been performed and billed to the Account Debtor, 
 (n) Accounts with respect to
which the Account Debtor is a Sanctioned Person or Sanctioned Entity, 
 (o) Accounts that represent the right to receive progress payments
or other advance billings that are due prior to the completion of performance by the applicable Borrower of the subject contract for goods or services, 

(p) Accounts owned by a target acquired in connection with a Permitted Acquisition, until the completion of a field examination with respect
to such target, reasonably satisfactory to Agent (which field examination may be conducted prior to the closing of such Permitted Acquisition) and subject to such additional Reserves or eligibility criteria as Agent may determine in its Permitted
Discretion, 
 (q) Accounts that have not been billed or are not evidenced by an invoice, 

(r) Accounts if the sale of goods or the rendition of services by a Borrower giving rise to such Accounts is supported by a performance bond,
surety bond or similar instrument, unless the issuer of such bond or instrument shall have waived or subordinated any rights or interests in and to the Collateral pursuant to an agreement reasonably satisfactory to Agent, or 

(s) Accounts which have payment terms of more than sixty (60) days from the original invoice date. 

  
 P-1-14 

 “Eligible Transferee” means (a) any Lender (other than a Defaulting
Lender), any Affiliate of any Lender and any Approved Fund of any Lender; and (b) (i) a commercial bank organized under the laws of the United States or any state thereof, and having total assets in excess of $1,000,000,000; (ii) a
savings and loan association or savings bank organized under the laws of the United States or any state thereof, and having total assets in excess of $1,000,000,000; (iii) a commercial bank organized under the laws of any other country or a
political subdivision thereof; provided, that, (A) (1) such bank is acting through a branch or agency located in the United States or (2) such bank is organized under the laws of a country that is a member of the
Organization for Economic Cooperation and Development or a political subdivision of such country, and (B) such bank has total assets in excess of $1,000,000,000; (c) any other entity (other than a natural person) that is an
“accredited investor” (as defined in Regulation D under the Securities Act) that extends credit or buys loans as one of its businesses including insurance companies, investment or mutual funds and lease financing companies, and
having total assets in excess of $1,000,000,000; and (d) during the continuation of an Event of Default, any other Person approved by Agent. 

“Eligible Unbilled Accounts” means Accounts which would be Eligible Accounts but for the failure to satisfy the terms of
clause (q) of the definition of Eligible Accounts; provided that any such Account shall cease to be on Eligible Unbilled Account if an invoice with respect thereto shall not be delivered to the applicable Account Debtor within 30 days
following the date on which such Account was originally created. 
 “Environmental Action” means any written complaint,
summons, citation, notice, directive, order, claim, litigation, investigation, judicial or administrative proceeding, judgment, letter, or other written communication from any Governmental Authority, or any third party involving violations of
Environmental Laws or releases of Hazardous Materials (a) from any assets, properties, or businesses of any Loan Party, any Subsidiary of any Loan Party, or any of their predecessors in interest, (b) from adjoining properties or
businesses, or (c) from or onto any facilities which received Hazardous Materials generated by any Loan Party, any Subsidiary of any Loan Party, or any of their predecessors in interest. 

“Environmental Law” means any applicable federal, state, provincial, foreign or local statute, law, rule, regulation,
ordinance, code, binding and enforceable guideline, binding and enforceable written policy, or rule of common law now or hereafter in effect and in each case as amended, or any judicial or administrative interpretation thereof, including any
judicial or administrative order, consent decree or judgment, in each case, to the extent binding on any Loan Party or its Subsidiaries, relating to the environment, the effect of the environment on employee health, or Hazardous Materials, in each
case as amended from time to time. 
 “Environmental Liabilities” means all liabilities, monetary obligations, losses,
damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility studies), fines, penalties, sanctions, and interest incurred as a result of any
claim or demand, or Remedial Action required, by any Governmental Authority or any third party, and which relate to any Environmental Action. 

“Environmental Lien” means any Lien in favor of any Governmental Authority for Environmental Liabilities. 

“Equipment” means equipment (as that term is defined in the Code). 

“Equity Interest” means, with respect to a Person, all of the shares, options, warrants, interests, participations, or other
equivalents (regardless of how designated) of or in such Person, whether voting or nonvoting, including capital stock (or other ownership or profit interests or units), preferred stock, or any other interest or participation that confers on another
Person the right to receive a share of the profits and losses of, or distributions of assets of, such issuing Person. 

  
 P-1-15 

 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended,
and any successor statute thereto. 
 “ERISA Affiliate” means (a) any Person subject to ERISA whose employees are
treated as employed by the same employer as the employees of any Loan Party or its Subsidiaries under IRC Section 414(b), (b) any trade or business subject to ERISA whose employees are treated as employed by the same employer as the
employees of any Loan Party or its Subsidiaries under IRC Section 414(c), (c) solely for purposes of Section 302 of ERISA and Section 412 of the IRC, any organization subject to ERISA that is a member of an affiliated service
group of which any Loan Party or any of its Subsidiaries is a member under IRC Section 414(m), or (d) solely for purposes of Section 302 of ERISA and Section 412 of the IRC, any Person subject to ERISA that is a party to an
arrangement with any Loan Party or any of its Subsidiaries and whose employees are aggregated with the employees of such Loan Party or its Subsidiaries under IRC Section 414(o). 

“ERISA Event” means (a) the occurrence of a “reportable event” described in Section 4043 of ERISA for
which the thirty (30) day notice requirement has not been waived, (b) the withdrawal of any Loan Party or ERISA Affiliate from a Benefit Plan during a plan year in which it was a “substantial employer” as defined in
Section 4001(a)(2) of ERISA, (c) the termination of a Benefit Plan, the filing of a notice of intent to terminate a Benefit Plan or the treatment of a Benefit Plan amendment as a termination, under Section 4041 of ERISA, if the plan
assets are not sufficient to pay all plan liabilities, (d) the institution of proceedings to terminate, or the appointment of a trustee with respect to, any Benefit Plan by the PBGC or any Benefit Plan or Multiemployer Plan administrator,
(e) any other event or condition that constitutes grounds under Section 4042(a) of ERISA for the termination of, or the appointment of a trustee to administer, any Benefit Plan, (f) the imposition of a Lien pursuant to the IRC or
ERISA in connection with any Benefit Plan, (g) the partial or complete withdrawal of any Loan Party or ERISA Affiliate from a Multiemployer Plan, (h) any event or condition that results in the reorganization or insolvency of a
Multiemployer Plan under ERISA, (i) any event or condition that results in the termination of a Multiemployer Plan under Section 4041A of ERISA or the institution by the PBGC of proceedings to terminate or to appoint a trustee to
administer a Multiemployer Plan under ERISA, (j) any Benefit Plan being in “at risk status” within the meaning of IRC Section 430(i), (k) any Multiemployer Plan being in “endangered status” or “critical
status” within the meaning of IRC Section 432(b) or the determination that any Multiemployer Plan is insolvent or in reorganization within the meaning of Title IV of ERISA, (l) with respect to any Benefit Plan, any Loan Party or ERISA
Affiliate incurring a substantial cessation of operations within the meaning of ERISA Section 4062(e), (m) an “accumulated funding deficiency” within the meaning of the IRC or ERISA (including Section 412 of the IRC or
Section 302 of ERISA) or the failure of any Benefit Plan or Multiemployer Plan to meet the minimum funding standards within the meaning of the IRC or ERISA (including Section 412 of the IRC or Section 302 of ERISA), in each case,
whether or not waived, (n) the filing of an application for a waiver of the minimum funding standards within the meaning of the IRC or ERISA (including Section 412 of the IRC or Section 302 of ERISA) with respect to any Benefit Plan
or Multiemployer Plan, (o) the failure to make by its due date a required payment or contribution with respect to any Benefit Plan or Multiemployer Plan, (p) any event that results in liability of a Loan Party pursuant to pursuant to Title
IV of ERISA or Section 401(a)(29) of the IRC. 
 “Event of Default” has the meaning specified therefor in
Section 8 of the Agreement. 
 “Excess” has the meaning specified therefor in Section 2.13 of the
Agreement. 

  
 P-1-16 

 “Excess Availability” means, as of any date of determination, the amount equal
to the (a) lesser of the Borrowing Base or the Maximum Revolver Amount(after giving effect to any Reserves established in accordance with Section 2.1(c) of the Agreement) minus (b) the Revolver Usage. 

“Exchange Act” means the Securities Exchange Act of 1934, as in effect from time to time. 

“Excluded Subsidiary” means (a) any Immaterial Subsidiary, (b) any Subsidiary that is prohibited by law, regulation
or contractual obligation (to the extent any such contractual obligation exists on the Closing Date or, with respect to any Subsidiary formed or acquired after the Closing Date, is not entered into in contemplation of the formation or acquisition of
such subsidiary) from being a Loan Party or that would require a consent, approval, license or authorization from a Governmental Authority (which has not been obtained) in order to be a Loan Party, (c) any Domestic Subsidiary that has no
material assets other than Equity Interests of any Foreign Subsidiary that is a CFC, (d) any Domestic Subsidiary that is a direct or indirect subsidiary of a Foreign Subsidiary that is a CFC, (e) any not-for-profit Subsidiary and
(f) Chesapeake Oilfield Finance, Inc. and any other Subsidiary of Parent who is a corporate co-issuer under any indenture governing senior notes of the Parent or any Loan Party. 

“Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a
portion of the guaranty of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any guaranty thereof) is or becomes illegal or unlawful under the Commodity Exchange Act or any rule, regulation
or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in
the Commodity Exchange Act and the regulations thereunder at the time such guaranty of such Guarantor or the grant of such security interest would otherwise have become effective with respect to such Swap Obligation. If a Swap Obligation arises
under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guaranty or security interest is or becomes illegal or unlawful under the
Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof). 

“Excluded Taxes” means (i) any Tax imposed on the net income or net profits of any Lender or any Participant (including
any branch profits taxes), in each case imposed by the jurisdiction (or by any political subdivision or taxing authority thereof) in which such Lender or such Participant is organized or the jurisdiction (or by any political subdivision or taxing
authority thereof) in which such Lender’s or such Participant’s principal office is located in each case as a result of a present or former connection between such Lender or such Participant and the jurisdiction or taxing authority
imposing the Tax (other than any such connection arising solely from such Lender or such Participant having executed, delivered or performed its obligations or received payment under, or enforced its rights or remedies under the Agreement or any
other Loan Document); (ii) Taxes resulting from a Lender’s or a Participant’s failure to comply with the requirements of Section 16.2 of the Agreement, (iii) any United States federal withholding taxes that would be
imposed on amounts payable to a Lender based upon the applicable withholding rate in effect at the time such Lender becomes a party to the Agreement (or designates a new lending office); except to the extent of (A) any amount payable under
Section 16 to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office, or (B) additional United States federal withholding taxes that may be
imposed after the time such Lender becomes a party to the Agreement (or designates a new lending office), as a result of a change in law, rule, regulation, order or other decision with respect to any of the foregoing by any Governmental Authority,
and (iv) any United States federal withholding Taxes imposed under FATCA. 

  
 P-1-17 

 “Existing Credit Facility” means the existing credit facility governed by that
certain Credit Agreement, dated as of November 3, 2011, as heretofore amended, by and among Parent, the lenders party thereto, Bank of America, N.A., as administrative agent, and other agents and l/c issuers party thereto, and the other related
loan documentation. 
 “Existing Indenture” means the Indenture, dated as of October 28, 2011, by and among Parent,
Chesapeake Oilfield Finance, Inc., the guarantors party thereto, and The Bank of New York Mellon Trust Company, N.A., as trustee. 

“Existing Letter of Credit Issuer” means Bank of America, N.A. 

“Existing Letter of Credit” means the letter of credit number 3119159, dated as of January 27, 2012, issued by the
Existing Letter of Credit Issuer on behalf of Parent for the benefit of Chippewa County Department of Land Conservation and Forest Management in the stated amount of $81,000. 

“Extraordinary Advances” has the meaning specified therefor in Section 2.2(d)(iii) of the Agreement. 

“FATCA” means Sections 1471 through 1474 of the IRC, as of the date of this Agreement (or any amended or successor version
that is substantively comparable), any current or future regulations or official interpretations thereof (including any Revenue Ruling, Revenue Procedure, Notice or similar guidance issued by the United States Internal Revenue Service thereunder as
a precondition to relief or exemption from taxes under such provisions), any agreements entered into pursuant to Section 1471(b)(1) of the IRC, and any intergovernmental agreements between the Unites States and another country which modify the
provisions of the foregoing. 
 “Fee Letter” means that certain fee letter, dated as of even date with the Agreement, among
Borrowers and Agent, in form and substance reasonably satisfactory to Agent. 
 “Federal Funds Rate” means, for any period,
a fluctuating interest rate per annum equal to, for each day during such period, the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on
the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by Agent from three Federal
funds brokers of recognized standing selected by it. 
 “Fixed Charge Coverage Ratio” means, with respect to any Reference
Period and with respect to Parent and its Subsidiaries determined on a consolidated basis in accordance with GAAP, the ratio of (i) EBITDA for such period minus Unfinanced Capital Expenditures made from and after July 1, 2014 (to the
extent not already incurred in a prior period) or incurred during such period, to (ii) Fixed Charges for such period. 
 “Fixed
Charges” means, with respect to any Reference Period and with respect to Parent and its Subsidiaries determined on a consolidated basis in accordance with GAAP, the sum, without duplication, of (a) Interest Expense paid in cash during
such period, (b) principal payments in respect of Indebtedness that are required to be paid during such period, and (c) all federal, state, and local income taxes paid in cash during such period, and (d) all Restricted Payments paid
(whether in cash or other property, other than common Equity Interest) during such period.  

  
 P-1-18 

 “Flow of Funds Agreement” means a pay proceeds agreement, dated as of even date
herewith, in form and substance reasonably satisfactory to Agent, executed and delivered by each Borrower and Agent. 
 “Foreign
Lender” means any Lender or Participant that is not a United States person within the meaning of IRC section 7701(a)(30). 

“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary. 

“Funding Date” means the date on which a Borrowing occurs. 

“Funding Losses” has the meaning specified therefor in Section 2.11(b)(ii) of the Agreement. 

“GAAP” means generally accepted accounting principles as in effect from time to time in the United States, consistently
applied. 
 “Governing Documents” means, with respect to any Person, the certificate or articles of incorporation, by-laws,
or other organizational documents of such Person. 
 “Governmental Authority” means the government of any nation or any
political subdivision thereof, whether at the national, state, territorial, provincial, municipal or any other level, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative,
judicial, taxing, regulatory or administrative powers or functions of, or pertaining to, government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantors” has the meaning specified in the preamble to the Agreement. 

“Guaranty and Security Agreement” means a guaranty and security agreement, dated as of even date with the Agreement, in form
and substance reasonably satisfactory to Agent, executed and delivered by each of the Borrowers and each of the Guarantors to Agent. 

“Hazardous Materials” means (a) substances that are defined or listed in, or otherwise classified pursuant to, any
applicable laws or regulations as “hazardous substances,” “hazardous materials,” “hazardous wastes,” “toxic substances,” or any other formulation intended to define, list, or
classify substances by reason of deleterious properties such as ignitability, corrosivity, reactivity, carcinogenicity, reproductive toxicity, or “EP toxicity”, (b) oil, petroleum, or petroleum derived substances, natural gas,
natural gas liquids, synthetic gas, drilling fluids, produced waters, and other wastes associated with the exploration, development, or production of crude oil, natural gas, or geothermal resources, (c) any flammable substances or explosives or
any radioactive materials, and (d) asbestos in any form or electrical equipment that contains any oil or dielectric fluid containing levels of polychlorinated biphenyls in excess of 50 parts per million. 

“Hedge Agreement” means a “swap agreement” as that term is defined in Section 101(53B)(A) of the
Bankruptcy Code. 
 “Hedge Obligations” means any and all obligations or liabilities, whether absolute or contingent, due
or to become due, now existing or hereafter arising, of each Loan Party and its Subsidiaries arising under, owing pursuant to, or existing in respect of Hedge Agreements entered into with one or more of the Hedge Providers. 

  
 P-1-19 

 “Hedge Obligations Collateralization” means providing cash collateral (pursuant
to documentation reasonably satisfactory to Agent) to be held by Agent for the benefit of the Hedge Providers in an amount determined by Agent as sufficient to satisfy the reasonably estimated credit exposure with respect to the then existing Hedge
Obligations. 
 “Hedge Provider” means any Lender or any of its Affiliates; provided, that, no such Person
(other than Wells Fargo or its Affiliates) shall constitute a Hedge Provider unless and until Agent receives a Bank Product Provider Agreement from such Person and with respect to the applicable Hedge Agreement within ten (10) days after the
execution and delivery of such Hedge Agreement with a Loan Party or its Subsidiaries; provided, further, that, if, at any time, a Lender ceases to be a Lender under the Agreement, then, from and after the date on which it ceases to be a Lender
thereunder, neither it nor any of its Affiliates shall constitute Hedge Providers and the obligations with respect to Hedge Agreements entered into with such former Lender or any of its Affiliates shall no longer constitute Hedge Obligations. 

“Immaterial Subsidiary” means (a) each Subsidiary (but not including any Borrower and not including any Guarantor as of
the Closing Date) of Parent designated by Parent as an Immaterial Subsidiary on the Closing Date as listed on Schedule 1.1(i) and (b) any Subsidiary of Parent designated by Parent after the Closing Date as an Immaterial Subsidiary pursuant to a
certificate executed and delivered by a Parent to Agent (certifying as to each of the items set forth in this definition). With respect to such Immaterial Subsidiaries (i) the total assets (as determined in accordance with GAAP) of all
Immaterial Subsidiaries shall not exceed five (5%) percent of the Total Assets of Parent and its Subsidiaries and (ii) the EBITDA contribution of all Immaterial Subsidiaries shall not exceed five (5%) percent of EBITDA of Parent and
its Subsidiaries, in each case measured as of the last day of the Reference Period most recently ended for which financial statements have been delivered pursuant to Section 5.1; it being understood that any calculation of EBITDA
pursuant to this definition shall be made without regard to intercompany revenue or other intercompany items between Parent and any of its Subsidiaries or between one Subsidiary of Parent and another Subsidiary of Parent. In the event that total
assets of all Immaterial Subsidiaries exceed the threshold in clause (i) of the foregoing sentence or the total contribution to EBITDA of all Immaterial Subsidiaries exceeds the threshold in clause (ii) of the foregoing sentence,
(A) Administrative Loan Party shall identify one or more such Subsidiaries that shall cease to constitute Immaterial Subsidiaries and (B) such Subsidiary or Subsidiaries so identified shall comply with the provisions of
Section 5.11 of the Agreement as if each were a new Subsidiary such that, after giving effect to the actions in clauses (A) and (B), each such threshold shall be satisfied. The applicable thresholds in this definition shall be
determined (x) in the case of Total Assets or total assets, based on the financial statements that accompany the Compliance Certificate most recently received by the Agent and (y) in the case of EBITDA, based on the twelve
(12) consecutive month period ending on the date of the financial statements that accompany the Compliance Certificate most recently received by the Agent. No Subsidiary (other than Chesapeake Oilfield Finance, Inc. and any other Subsidiary of
Parent who is a corporate co-issuer under any indenture governing senior notes of the Parent or any Loan Party) shall be an Immaterial Subsidiary if such Subsidiary is an obligor in respect of any Indebtedness permitted by clause (s), (t) or
(u) of the definition of Permitted Indebtedness. 
 “Increase” has the meaning specified therefor in
Section 2.13. 
 “Increase Date” has the meaning specified therefor in Section 2.13. 

“Increase Joinder” has the meaning specified therefor in Section 2.13. 

“Indebtedness” as to any Person means (a) all obligations of such Person in respect of borrowed money, (b) all
obligations of such Person evidenced by bonds, debentures, notes, or other similar instruments and all reimbursement obligations in respect of letters of credit, bankers acceptances, or other 

  
 P-1-20 

 
financial products, (c) all obligations of such Person as a lessee under Capital Leases, (d) all obligations or liabilities of others secured by a Lien on any asset of such Person,
irrespective of whether such obligation or liability is assumed, (e) all obligations of such Person to pay the deferred purchase price of assets (other than trade payables and accrued expenses incurred in the ordinary course of business and
which are not overdue for more than 90 days from the invoice date and, for the avoidance of doubt, other than royalty payments payable in the ordinary course of business in respect of non-exclusive licenses), (f) all monetary obligations of
such Person owing under Hedge Agreements (which amount shall be calculated based on the amount that would be payable by such Person if the Hedge Agreement were terminated on the date of determination), (g) any Disqualified Equity Interests of
such Person, and (h) any obligation of such Person guaranteeing or intended to guarantee (whether directly or indirectly guaranteed, endorsed, co-made, discounted, or sold with recourse) any obligation of any other Person that constitutes
Indebtedness under any of clauses (a) through (g) above. For purposes of this definition, (i) the amount of any Indebtedness represented by a guaranty or other similar instrument shall be the lesser of the principal amount of the
obligations guaranteed and still outstanding and the maximum amount for which the guaranteeing Person may be liable pursuant to the terms of the instrument embodying such Indebtedness, and (ii) the amount of any Indebtedness which is limited or
is non-recourse to a Person or for which recourse is limited to an identified asset shall be valued at the lesser of (A) if applicable, the limited amount of such obligations, and (B) if applicable, the fair market value of such assets
securing such obligation. 
 “Indemnified Liabilities” has the meaning specified therefor in Section 10.3 of
the Agreement. 
 “Indemnified Person” has the meaning specified therefor in Section 10.3 of the Agreement.

 “Indemnified Taxes” means, any Taxes other than Excluded Taxes. 

“Insolvency Proceeding” means any proceeding commenced by or against any Person under any provision of the Bankruptcy Code or
under any other state or federal bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with creditors, or proceedings seeking reorganization, arrangement, or other
similar relief. 
 “Intercompany Subordination Agreement” means an intercompany subordinated note executed and delivered by
one or more Loan Parties and one or more of its non-Loan Party Subsidiaries, the form and substance of which is reasonably satisfactory to Agent. 

“Interest Expense” means, for any period, the aggregate of the interest expense of Parent and its Subsidiaries for such
period, determined on a consolidated basis in accordance with GAAP. 
 “Interest Period” means, with respect to each LIBOR
Rate Loan, a period commencing on the date of the making of such LIBOR Rate Loan (or the continuation of a LIBOR Rate Loan or the conversion of a Base Rate Loan to a LIBOR Rate Loan) and ending one (1), two (2), three (3) or six (6) months
thereafter; provided, that, (a) interest shall accrue at the applicable rate based upon the LIBOR Rate from and including the first (1st) day of each Interest Period to,
but excluding, the day on which any Interest Period expires, (b) any Interest Period that would end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar
month, in which case such Interest Period shall end on the next preceding Business Day, (c) with respect to an Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the calendar month at the end of such Interest Period), the Interest Period shall end on the last Business Day of the calendar month that is one (1), two (2), three (3) or six (6) months after the date on which the Interest Period
began, as applicable, and (d) Borrowers may not elect an Interest Period which will end after the Maturity Date. 

  
 P-1-21 

 “Inventory” means inventory (as that term is defined in the Code). 

“Investment” means, with respect to any Person, any investment by such Person in any other Person (including Affiliates) in
the form of loans, guarantees, advances, capital contributions (excluding (a) commission, travel, and similar advances to officers and employees of such Person made in the ordinary course of business, and (b) bona fide accounts receivable
arising in the ordinary course of business), or acquisitions of Indebtedness, Equity Interests, or all or substantially all of the assets of such other Person (or of any division or business line of such other Person), and any other items that are
or would be classified as investments on a balance sheet prepared in accordance with GAAP. The amount of any Investment shall be the original cost of such Investment plus the cost of all additions thereto, without any adjustment for increases or
decreases in value, or write-ups, write-downs, or write-offs with respect to such Investment. 
 “IRC” means the Internal
Revenue Code of 1986, as in effect from time to time. 
 “ISP” means, with respect to any Letter of Credit, the
International Standby Practices 1998 (International Chamber of Commerce Publication No. 590) and any subsequent revision thereof adopted by the International Chamber of Commerce on the date such Letter of Credit is issued. 

“Issuer Document” means, with respect to any Letter of Credit, a letter of credit application, a letter of credit agreement,
or any other document, agreement or instrument entered into (or to be entered into) by a Borrower in favor of Issuing Bank and relating to such Letter of Credit. 

“Issuing Bank” means (i) Wells Fargo or any other Lender that, at the request of Borrowers and with the consent of
Agent, agrees, in such Lender’s sole discretion, to become an Issuing Bank for the purpose of issuing Letters of Credit pursuant to Section 2.10 of the Agreement, and Issuing Bank shall be a Lender and (ii) with respect to the
Existing Letters of Credit Only, the Existing Letter of Credit Issuer, it being understood that the Existing Letter of Credit Issuer shall not be required to issue any additional Letters of Credit under Section 2.10(a). 

“Joint Lead Arrangers” has the meaning set forth in the preamble to the Agreement. 

“Lender” has the meaning set forth in the preamble to the Agreement, shall include Issuing Bank and the Swing Lender, and
shall also include any other Person made a party to the Agreement pursuant to the provisions of Section 13.1 of the Agreement and “Lenders” means each of the Lenders or any one or more of them. 

“Lender Group” means each of the Lenders (including Issuing Bank and the Swing Lender) and Agent, or any one or more of them.

 “Lender Group Expenses” means all (a) costs or expenses (including taxes and insurance premiums) required to be
paid by any Loan Party or its Subsidiaries under any of the Loan Documents that are paid, advanced, or incurred by the Lender Group, (b) documented out-of-pocket fees or charges paid or incurred by Agent in connection with the Lender
Group’s transactions with each Loan Party and its Subsidiaries under any of the Loan Documents, including, photocopying, notarization, couriers and messengers, telecommunication, public record searches, filing fees, recording fees, publication,
real estate surveys, real estate title policies and endorsements, and environmental audits, (c) Agent’s customary fees and charges imposed or incurred in connection with any background checks or OFAC/PEP searches related to any Loan Party
or its Subsidiaries, (d) Agent’s customary fees and charges (as adjusted from time to time) with respect to the disbursement of funds (or the receipt of funds) to or for the account of any Borrower (whether by wire transfer or otherwise),
together with any out-of-pocket costs and expenses 

  
 P-1-22 

 
incurred in connection therewith, (e) customary charges imposed or incurred by Agent resulting from the dishonor of checks payable by or to any Loan Party, (f) reasonable documented
out-of-pocket costs and expenses paid or incurred by the Lender Group to correct any default or enforce any provision of the Loan Documents, or during the continuance of an Event of Default, in gaining possession of, maintaining, handling,
preserving, storing, shipping, selling, preparing for sale, or advertising to sell the Collateral, or any portion thereof, irrespective of whether a sale is consummated, (g) field examination fees and expenses of Agent (and up to the amount of
any limitation provided in Section 2.9 of the Agreement), (h) Agent’s reasonable costs and expenses (including reasonable documented external counsel fees and expenses) relative to third party claims or any other lawsuit or
adverse proceeding paid or incurred, whether in enforcing or defending the Loan Documents or otherwise in connection with the transactions contemplated by the Loan Documents, Agent’s Liens in and to the Collateral, or the Lender Group’s
relationship with any Loan Party or any of its Subsidiaries, (i) Agent’s reasonable documented costs and expenses (including reasonable documented attorneys’ fees and due diligence expenses) incurred in advising, structuring,
drafting, reviewing, administering (including travel, meals, and lodging), syndicating (including reasonable costs and expenses relative to CUSIP, DXSyndicateTM, SyndTrak or other communication costs incurred in connection with a syndication of
the loan facilities), or amending, waiving, or modifying the Loan Documents, and (j) Agent’s and each Lender’s reasonable documented costs and expenses (including reasonable documented attorneys, accountants, consultants, and other
advisors fees and expenses) incurred in terminating, enforcing (including attorneys, accountants, consultants, and other advisors fees and expenses incurred in connection with a “workout,” a “restructuring,” or an
Insolvency Proceeding concerning any Loan Party or any of its Subsidiaries or in exercising rights or remedies under the Loan Documents), or defending the Loan Documents, irrespective of whether a lawsuit or other adverse proceeding is brought, or
in taking any enforcement action or any Remedial Action with respect to the Collateral; provided, that, the fees and expenses of external counsel that shall constitute Lender Group Expenses shall in any event be limited to one primary
counsel for Agent, one local counsel in each reasonably necessary jurisdiction, one specialty counsel in each reasonably necessary specialty area, one or more additional counsel if one or more conflicts of interest arise, and in the case of the
enforcement, collection or protection of the rights of Lenders, in addition, one counsel for Lenders as a group. 
 “Lender Group
Representatives” has the meaning specified therefor in Section 17.9 of the Agreement. 
 “Lender-Related
Person” means, with respect to any Lender, such Lender, together with such Lender’s Affiliates, officers, directors, employees, attorneys, and agents. 

“Letter of Credit” means a letter of credit (as that term is defined in the Code) issued by Issuing Bank or an Existing
Letter of Credit. 
 “Letter of Credit Collateralization” means either (a) providing cash collateral (pursuant to
documentation reasonably satisfactory to Agent, including provisions that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.10(k) of the Agreement (including any fronting
fees) will continue to accrue while the Letters of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to one hundred two (102%) percent of the then existing Letter of Credit Usage,
(b) delivering to Agent documentation executed by all beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of
Credit, or (c) providing Agent with a standby letter of credit, in form and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to one hundred two
(102%) percent of the then existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such
fees that accrue must be an amount that can be drawn under any such standby letter of credit). 

  
 P-1-23 

 “Letter of Credit Disbursement” means a payment made by Issuing Bank pursuant to
a Letter of Credit. 
 “Letter of Credit Exposure” means, as of any date of determination with respect to any Lender, such
Lender’s Pro Rata Share of the Letter of Credit Usage on such date. 
 “Letter of Credit Fee” has the meaning
specified therefor in Section 2.5(b) of the Agreement. 
 “Letter of Credit Indemnified Costs” has the meaning
specified therefor in Section 2.10(f) of the Agreement. 
 “Letter of Credit Related Person” has the meaning
specified therefor in Section 2.10(f) of the Agreement. 
 “Letter of Credit Sublimit” means, at any time,
twenty (20%) percent of the Maximum Revolver Amount at such time. 
 “Letter of Credit Usage” means, as of any date of
determination, the aggregate undrawn amount of all outstanding Letters of Credit. 
 “LIBOR Deadline” has the meaning
specified therefor in Section 2.11(b)(i) of the Agreement. 
 “LIBOR Notice” means a written notice in the form
of Exhibit L-1 to the Agreement. 
 “LIBOR Option” has the meaning specified therefor in Section 2.11(a)
of the Agreement. 
 “LIBOR Rate” means the rate per annum appearing on Reuters Screen LIBOR01(or on any successor or
substitute page of such Service, or any successor to or substitute for such Service) two (2) Business Days prior to the commencement of the requested Interest Period, for a term, and in an amount, comparable to the Interest Period and the
amount of the LIBOR Rate Loan requested (whether as an initial LIBOR Rate Loan or as a continuation of a LIBOR Rate Loan or as a conversion of a Base Rate Loan to a LIBOR Rate Loan) by Borrowers in accordance with the Agreement (and, if any such
rate is below zero, the LIBOR Rate shall be deemed to be zero), which determination shall be made by Agent and shall be conclusive in the absence of manifest error. 

“LIBOR Rate Loan” means each portion of a Revolving Loan that bears interest at a rate determined by reference to the LIBOR
Rate. 
 “LIBOR Rate Margin” has the meaning set forth in the definition of Applicable Margin. 

“Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, charge, deposit arrangement, encumbrance,
easement, lien (statutory or other), security interest, or other security arrangement and any other preference, priority, or preferential arrangement of any kind or nature whatsoever, including any conditional sale contract or other title retention
agreement, the interest of a lessor under a Capital Lease and any synthetic or other financing lease having substantially the same economic effect as any of the foregoing. In no event will a right of first refusal or an operating lease be deemed to
constitute a Lien. 

  
 P-1-24 

 “Loan” means any Revolving Loan, Swing Loan or Extraordinary Advance made (or to
be made) hereunder. 
 “Loan Account” has the meaning specified therefor in Section 2.8 of the Agreement. 

“Loan Documents” means the Agreement, the Control Agreements, any Borrowing Base Certificate, the Fee Letter, the Guaranty
and Security Agreement, any Intercompany Subordination Agreement, any Issuer Documents, the Letters of Credit, any note or notes executed by Borrowers in connection with the Agreement and payable to any member of the Lender Group, and any other
instrument or agreement entered into, now or in the future, by any Loan Party and any member of the Lender Group in connection with the Agreement; provided, that, in no event shall the Loan Documents be deemed to include any Bank
Product Agreement. 
 “Loan Party” means any Borrower or any Guarantor. 

“Margin Stock” as defined in Regulation U of the Board of Governors as in effect from time to time. 

“Master Separation Agreement” means the Master Separation Agreement, dated on or about the date hereof, between Chesapeake
and Parent. 
 “Master Services Agreement” means the Master Services Agreement, dated October 25, 2011, as amended on
or about the date hereof, by and between Chesapeake Operating, Inc. and Parent. 
 “Master Services Documents” means each
of (a) the Master Services Agreement, (b) the Transition Services Agreement dated on or about the date hereof, between Chesapeake and Parent, (c) the Services Agreement dated on or about the date hereof, between Chesapeake Operating,
Inc. and PTL, (d) the Tax Sharing Agreement dated on or about the date hereof, between Chesapeake and Parent, and (e) the Employee Matters Agreement dated on or about the date hereof, between Chesapeake and Parent. 

“Material Adverse Effect” means (a) a material adverse effect in the business, operations, assets, or financial
condition of Loan Parties and their Subsidiaries, taken as a whole, (b) a material impairment of Loan Parties’ and their Subsidiaries’ ability to perform their obligations under the Loan Documents to which they are parties or of the
Lender Group’s ability to enforce the Obligations or realize upon the Collateral (other than as a result of an action taken or not taken that is solely in the control of Agent), or (c) a material impairment of the enforceability or
priority of Agent’s Liens with respect to all or a material portion of the Collateral (other than as a result of an action taken or not taken that is solely in the control of Agent). 

“Material Contract” means (a) each of the Master Services Documents, (b) the Master Separation Agreement and
(c) any other contract or agreement between Chesapeake (or any of its Subsidiaries) and any Loan Party, the termination or loss of which could, either individually or in the aggregate, reasonably be expected to result in a Material Adverse
Effect. 
 “Material Subsidiary” means any Subsidiary of Parent other than an Immaterial Subsidiary. 

“Maturity Date” means June 25, 2019. 

“Maximum Revolver Amount” means $275,000,000, (a) decreased by the amount of reductions in the Revolver Commitments made
in accordance with Section 2.3(c) of the Agreement and subject to any Increase made in accordance with Section 2.13. 

  
 P-1-25 

 “Monthly Triggering Period” means any period commencing on the date Excess
Availability is less than twenty percent (20%) of the Maximum Revolver Amount and ending on the date that Excess Availability has been greater than twenty percent (20%) of the Maximum Revolver Amount for any consecutive thirty
(30) day period. 
 “Moody’s” has the meaning specified therefor in the definition of Cash Equivalents. 

“Multiemployer Plan” means any multiemployer plan within the meaning of Section 3(37) or 4001(a)(3) of ERISA with
respect to which any Loan Party or ERISA Affiliate has an obligation to contribute or has any liability, contingent or otherwise or could be assessed withdrawal liability assuming a complete withdrawal from any such multiemployer plan. 

“Non-Consenting Lender” has the meaning specified therefor in Section 14.2(a) of the Agreement. 

“Non-Defaulting Lender” means each Lender other than a Defaulting Lender. 

“Obligations” means (a) all loans (including the Revolving Loans (inclusive of Extraordinary Advances and Swing Loans)),
debts, principal, interest (including any interest that accrues after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), reimbursement or
indemnification obligations with respect to Letters of Credit (irrespective of whether contingent), premiums, liabilities (including all amounts charged to the Loan Account pursuant to the Agreement), obligations (including indemnification
obligations), fees (including the fees provided for in the Fee Letter), Lender Group Expenses (including any fees or expenses that accrue after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in
part as a claim in any such Insolvency Proceeding), guaranties, and all covenants and duties of any other kind and description owing by any Loan Party arising out of, under, pursuant to, in connection with, or evidenced by the Agreement or any of
the other Loan Documents and irrespective of whether for the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, and including all interest not paid when due and all other
expenses or other amounts that Loan Parties are required to pay or reimburse by the Loan Documents or by law or otherwise in connection with the Loan Documents, and (b) all Bank Product Obligations; provided, that, in no event shall
“Obligations” include any Excluded Swap Obligations. Without limiting the generality of the foregoing, the Obligations of Borrowers under the Loan Documents include the obligation to pay (i) the principal of the Revolving Loans,
(ii) interest accrued on the Revolving Loans, (iii) the amount necessary to reimburse Issuing Bank for amounts paid or payable pursuant to Letters of Credit, (iv) Letter of Credit commissions, fees (including fronting fees) and
charges, (v) Lender Group Expenses, (vi) fees payable under the Agreement or any of the other Loan Documents, and (vii) indemnities and other amounts payable by any Loan Party under any Loan Document. Any reference in the Agreement or
in the Loan Documents to the Obligations shall include all or any portion thereof and any extensions, modifications, renewals, or alterations thereof, both prior and subsequent to any Insolvency Proceeding. Notwithstanding anything to the contrary
contained herein or in any other Loan Document, no Bank Product Obligations (other than Hedge Obligations) shall be “Obligations” from and after payment in full of all Obligations. 

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

“Originating Lender” has the meaning specified therefor in Section 13.1(e) of the Agreement. 

“Overadvance” means, as of any date of determination, that the Revolver Usage is greater than any of the limitations set
forth in Section 2.1 or Section 2.10. 

  
 P-1-26 

 “Parent” has the meaning specified therefor in the preamble to the Agreement.

 “Participant” has the meaning specified therefor in Section 13.1(e) of the Agreement. 

“Participant Register” has the meaning set forth in Section 13.1(i) of the Agreement. 

“Patriot Act” has the meaning specified therefor in Section 4.13 of the Agreement. 

“Payment Conditions” means, with respect to any applicable payment or transaction, each of the following conditions: 

(a) as of the date of any such payment or transaction, and after giving effect thereto, no Default or Event of Default shall exist or have
occurred and be continuing, 
 (b) either: 

(i) (A) the Excess Availability during the immediately preceding 30 consecutive day period on a pro forma basis shall have been not less than
17.5% (or, in the case of a Permitted Acquisition, 20%) of the Maximum Revolver Amount, and after giving effect to the payment or transaction, on a pro forma basis using the most recent calculation of the Borrowing Base immediately prior to any such
payment or transaction, the Excess Availability shall be not less than 17.5% (or, in the case of a Permitted Acquisition, 20%) of the Maximum Revolver Amount, and 

(B) Agent shall have received reasonably satisfactory projections for the 30 day period after the date of such payment or transaction
showing, on a pro forma basis after giving effect to the payment or transaction, minimum Excess Availability at all times during such period of not less than 17.5% (or, in the case of a Permitted Acquisition, 20%) of the Maximum Revolver Amount, or

 (ii) (A) as of the date of any such payment or transaction, and after giving effect thereto, on a pro forma basis (including with
respect to periods prior to the Closing Date), the Fixed Charge Coverage Ratio for the Reference Period ending on the last day of the fiscal month prior to the date of such payment or transaction for which Agent has received financial statements in
accordance with Section 5.1 shall be at least 1.10 to 1.00, 
 (B) the Excess Availability during the immediately preceding 30
consecutive day period on a pro forma basis shall have been not less than 12.5% of the Maximum Revolver Amount, and after giving effect to the payment or transaction, on a pro forma basis using the most recent calculation of the Borrowing Base
immediately prior to any such payment or transaction, the Excess Availability shall be not less than 12.5% of the Maximum Revolver Amount, and 

(c) receipt by Agent of a certificate of an authorized officer of the Administrative Loan Party certifying as to compliance with the preceding
clauses and demonstrating (in reasonable detail) the calculations required thereby (each, a “Payment Conditions Certificate”). 

“Payment Conditions Certificate” has the meaning specified in the definition of Payment Conditions. 

“PBGC” means the Pension Benefit Guaranty Corporation. 

“Perfection Certificate” means a certificate in the form of Exhibit P-1 to the Agreement. 

  
 P-1-27 

 “Permitted Acquisition” means any Acquisition with respect to which all of the
following conditions are satisfied: 
 (a) such Acquisition shall have been approved by the board of directors of the Person (or similar
governing body if such Person is not a corporation) which is the subject of such Acquisition and such Person shall not have announced that it will oppose such Acquisition or shall not have commenced any action which alleges that such Acquisition
shall violate applicable law; 
 (b) the Acquisition shall be with respect to a company or division or line of business that engages,
directly or indirectly, in a line of business of a type that the Loan Parties are permitted to be engaged in under Section 6.5; 
 (c)
as of the date of such Acquisition and after giving effect thereto, each of the Payment Conditions shall be satisfied; 
 (d) not less than
ten (10) Business Days prior to the anticipated closing date of the proposed Acquisition, Borrowers have provided to Agent (i) a reasonably detailed description of the Person or assets to be acquired, (ii) the most recently available
audited and unaudited balance sheet, profit and loss statement and cash flow statement of the Person or assets to be acquired, (ii) the forecasted balance sheets, profit and loss statements, and cash flow statements of the Person or assets to
be acquired prepared on a basis consistent with such Person’s (or assets’) historical financial statements, together with appropriate supporting details and a statement of underlying assumptions for the one (1) year period following
the date of the proposed Acquisition, on a quarter by quarter basis), and (iii) the most recent versions of the acquisition agreement and other material documents related thereto, and 

(e) Borrowers have provided Agent with written notice of the proposed Acquisition at least ten (10) Business Days prior to the
anticipated closing date of the proposed Acquisition. 
 “Permitted Discretion” means, with respect to Agent, a
determination made in good faith in the exercise of its reasonable business judgment based on how an asset-based lender with similar rights providing a credit facility of the type set forth herein would act in similar circumstances at the time with
the information then available to it. 
 “Permitted Dispositions” means: 

(a) sales, abandonment, or other dispositions of property (other than Accounts) that is worn, damaged, or obsolete or no longer used or useful
in the ordinary course of business and leases or subleases of Real Property not useful in the conduct of the business of Loan Parties and their Subsidiaries, 

(b) sales of Inventory to buyers in the ordinary course of business, 

(c) the use or transfer of money or Cash Equivalents in a manner that is not prohibited by the terms of the Agreement or the other Loan
Documents, 
 (d) the licensing, on a non-exclusive basis, of patents, trademarks, copyrights, and other intellectual property rights in the
ordinary course of business, 
 (e) the granting of Permitted Liens, 

(f) the sale or discount, in each case without recourse, of accounts receivable arising in the ordinary course of business, but only in
connection with the compromise or collection thereof, 

  
 P-1-28 

 (g) any involuntary loss, damage or destruction of property, 

(h) any involuntary condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, or confiscation or requisition
of use of property, 
 (i) the leasing or subleasing of assets of any Loan Party or its Subsidiaries in the ordinary course of business,

 (j) the sale or issuance of Equity Interests (other than Disqualified Equity Interests) of Parent, 

(k) (i) the lapse of registered patents, trademarks, copyrights and other intellectual property of any Loan Party or any of its Subsidiaries
to the extent not economically desirable in the conduct of its business or (ii) the abandonment of patents, trademarks, copyrights, or other intellectual property rights in the ordinary course of business so long as (in each case under clauses
(i) and (ii)), (A) with respect to copyrights, such copyrights are not material revenue generating copyrights, and (B) such lapse is not materially adverse to the interests of the Lender Group, 

(l) the making of Restricted Payments that are expressly permitted to be made pursuant to the Agreement, 

(m) the making of Permitted Investments, 

(n) so long as no Event of Default has occurred and is continuing or would immediately result therefrom, transfers of assets (i) from any
Loan Party or any of its Subsidiaries to a Loan Party, and (ii) from any Subsidiary of any Loan Party that is not a Loan Party to Parent or any Subsidiary Parent, 

(o) dispositions of assets (other than Accounts) acquired by Loan Parties and their Subsidiaries pursuant to a Permitted Acquisition
consummated within 12 months of the date of the proposed disposition so long as (i) the consideration received for the assets to be so disposed is at least equal to the fair market value of such assets, (ii) the assets to be so disposed
are not necessary or economically desirable in connection with the business of Loan Parties and their Subsidiaries, and (iii) the assets to be so disposed are readily identifiable as assets acquired pursuant to the subject Permitted
Acquisition, 
 (p) sales or dispositions of assets (other than Collateral) to the extent permitted under the Term Loan Agreement, 

(q) Dispositions of equipment to the extent that such property is exchanged for credit against the purchase price of similar replacement
property, 
 (r) sales or dispositions of assets (other than Accounts) not otherwise permitted in clauses (a) through (p) above so
long as made at fair market value and the aggregate fair market value of all assets disposed of in any fiscal year (including the proposed disposition) would not exceed five (5%) percent of Consolidated Tangible Assets as of the date of the
most recent quarterly or monthly financial statements delivered pursuant to Section 5.1 hereof, and 
 (s) other dispositions pursuant
to the Spin Off Documents on substantially the terms described in the Spin Off Registration Statement. 

  
 P-1-29 

 “Permitted Indebtedness” means: 

(a) Indebtedness in respect of the Obligations or evidenced by the Agreement or the other Loan Documents, 

(b) Indebtedness set forth on Schedule 6.1 to the Agreement and any Refinancing Indebtedness in respect of such Indebtedness, 

(c) Permitted Purchase Money Indebtedness and any Refinancing Indebtedness in respect of such Indebtedness, 

(d) endorsement of instruments or other payment items for deposit, 

(e) Indebtedness consisting of (i) guarantees incurred in the ordinary course of business with respect to surety and appeal bonds,
performance bonds, bid bonds, appeal bonds, completion guarantee and similar obligations; (ii) guarantees arising with respect to customary indemnification obligations to purchasers in connection with Permitted Dispositions; and
(iii) guarantees with respect to Indebtedness of any Loan Party or one of its Subsidiaries, to the extent that the Person that is obligated under such guaranty could have incurred such underlying Indebtedness, 

(f) [Reserved], 
 (g) Acquired
Indebtedness in an amount not to exceed $50,000,000 outstanding at any one time, 
 (h) Indebtedness incurred in the ordinary course of
business under performance, surety, statutory, or appeal bonds, 
 (i) Indebtedness owing to any insurance company in connection with the
financing of any insurance premiums permitted by such insurance company, 
 (j) the incurrence by any Loan Party or its Subsidiaries of
Indebtedness under Hedge Agreements that are incurred for the bona fide purpose of hedging the interest rate, commodity, or foreign currency risks associated with Loan Parties’ and their Subsidiaries’ operations and not for speculative
purposes, 
 (k) Indebtedness incurred in the ordinary course of business in respect of credit cards, credit card processing services, debit
cards, stored value cards, commercial cards (including so-called “‘purchasing cards”, “procurement cards” or “p-cards”), or Cash Management Services, 

(l) unsecured Indebtedness of any Loan Party owing to current or former employees, officers, or directors (or any spouses, ex-spouses, or
estates of any of the foregoing) incurred in connection with the repurchase by such Loan Party of the Equity Interests of Parent that has been issued to such Persons, so long as (i) no Default or Event of Default has occurred and is continuing
or would result from the incurrence of such Indebtedness and the aggregate principal amount of all such Indebtedness outstanding at any one time, does not exceed $2,000,000, 

(m) contingent liabilities in respect of any indemnification obligation, adjustment of purchase price, non-compete, or similar obligation of
any Loan Party incurred in connection with the consummation of one or more Permitted Acquisitions, 

  
 P-1-30 

 (n) Indebtedness arising from Permitted Investments, 

(o) unsecured Indebtedness incurred in respect of netting services, overdraft protection, and other like services, in each case, incurred in
the ordinary course of business, 
 (p) unsecured Indebtedness of any Loan Party or its Subsidiaries in respect of Earn-Outs owing to
sellers of assets or Equity Interests to such Loan Party or its Subsidiaries that is incurred in connection with the consummation of one or more Permitted Acquisitions so long as (i) the Payment Conditions would be satisfied both before and
immediately after giving effect to such Indebtedness and (ii) the outstanding amount of such Indebtedness shall not exceed $5,000,000 at any time, 

(q) Indebtedness in an aggregate outstanding principal amount not to exceed $10,000,000 at any time outstanding for all Subsidiaries of each
Loan Party that are Excluded Subsidiaries; provided, that, such Indebtedness is not directly or indirectly recourse to any of the Loan Parties or of their respective assets that constitute Collateral, 

(r) accrual of interest, accretion or amortization of original issue discount, or the payment of interest in kind, in each case, on
Indebtedness that otherwise constitutes Permitted Indebtedness, 
 (s) Indebtedness of the Loan Parties under the Term Loan Documents in an
aggregate outstanding principal amount not to exceed $400,000,000, and Refinancing Indebtedness in respect thereof, 
 (t) Indebtedness in
respect of Permitted Intercompany Advances, 
 (u) unsecured Indebtedness of the Loan Parties under the Existing Indenture in an aggregate
outstanding principal amount not to exceed $650,000,000, and Refinancing Indebtedness in respect thereof, 
 (v) Unsecured Notes in an
aggregate outstanding principal amount not to exceed $500,000,000, and any Refinancing Indebtedness in respect thereof, and 
 (w) any other
Indebtedness incurred by any Loan Party or any of its Subsidiaries. 
 “Permitted Intercompany Advances” means loans made
by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Loan Party that is not a Loan Party to another Subsidiary of a Loan Party that is not a Loan Party, (c) a Subsidiary of a Loan Party that is not a Loan Party to a Loan
Party, so long as the parties thereto are party to any Intercompany Subordination Agreement, and (d) a Loan Party to a Subsidiary of a Loan Party that is not a Loan Party so long as in the case of this clause (d), (i) the Payment
Conditions are satisfied, (ii) Agent shall have received no less than three (3) days prior written notice of such loan (or such shorter period to which it may agree) and (iii) Agent shall have received a Payment Conditions
Certificate. 
 “Permitted Investments” means: 

(a) Investments in cash and Cash Equivalents, 

(b) Investments in negotiable instruments deposited or to be deposited for collection in the ordinary course of business, 

  
 P-1-31 

 (c) advances made in connection with purchases of goods or services in the ordinary course of
business, 
 (d) Investments received in settlement of amounts due to any Loan Party or any of its Subsidiaries effected in the ordinary
course of business or owing to any Loan Party or any of its Subsidiaries as a result of Insolvency Proceedings involving an account debtor or upon the foreclosure or enforcement of any Lien in favor of a Loan Party or its Subsidiaries, 

(e) Investments owned by any Loan Party or any of its Subsidiaries on the Closing Date and set forth on Schedule P-1 to the Agreement,

 (f) guarantees permitted under the definition of Permitted Indebtedness, 

(g) Permitted Intercompany Advances, 

(h) Investments acquired in connection with the satisfaction or enforcement of Indebtedness or claims due or owing to a Loan Party or its
Subsidiaries (in bankruptcy of customers or suppliers or otherwise outside the ordinary course of business) or as security for any such Indebtedness or claims, 

(i) deposits of cash made in the ordinary course of business to secure performance of operating leases, 

(j) Permitted Acquisitions, 

(k) Investments (i) made by any Loan Party in any other Loan Party or (ii) made by any Subsidiary of Parent that is not a Loan Party
to any other Subsidiary of Parent that is not a Loan Party; 
 (l) Investments resulting from entering into (i) Bank Product
Agreements, or (ii) agreements relative to Indebtedness that is permitted under clause (j) of the definition of Permitted Indebtedness, 

(m) equity Investments by any Loan Party in any Subsidiary of such Loan Party which is required by law to maintain a minimum net capital
requirement or as may be otherwise required by applicable law, 
 (n) Investments held by a Person acquired in a Permitted Acquisition to
the extent that such Investments were not made in contemplation of or in connection with such Permitted Acquisition and were in existence on the date of such Permitted Acquisition, 

(o) to the extent constituting Investments, transactions permitted by Section 6.3 and Investments received in connection with
transactions permitted under Section 6.4; 
 (p) any other Investments in an amount not to exceed $10,000,000 in the aggregate at any
time outstanding so long as, as of the date of any such Investment and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing; 

(q) any Investment to the extent that payment for such Investment is made solely with the cash proceeds of any equity investments in Parent by
Persons who are not Loan Parties (other than Disqualified Equity Interests), provided that such cash proceeds are used substantially contemporaneously to make such Investment; 

  
 P-1-32 

 (r) Investments consisting of pledges or deposits to secure the performance of bids, trade
contracts, leases, statutory obligations, surety and appeal bonds, performance bonds, utilities and other obligations of a like nature, in each case in the ordinary course of business or letters of credit or guarantees issued in lieu thereof and
which are otherwise permitted under clauses (i), (j) or (t) of the definition of Permitted Liens; 
 (s) Investments consisting of
pledges and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance and other social security laws or regulations or letters of credit or guarantees issued in lieu thereof and which are
permitted under clauses (h) or (t) of the definition of Permitted Liens; 
 (t) Investments to the extent that payment for such
Investments is made solely with Equity Interests (other than Disqualified Equity Interests) of the Parent; 
 (u) to the extent not
prohibited by applicable law, loans and advances to officers, directors and employees of any Loan Party or any of its Subsidiaries for reasonable and customary business-related travel, entertainment, relocation and analogous ordinary business
purposes (including employee payroll advances) not to exceed $5,000,000 in the aggregate outstanding at any one time; and 
 (v) so long as
(i) the Payment Conditions are satisfied, (ii) Agent shall have received no less than three (3) days prior written notice of such Investment (or such shorter period as to which it may agree) and (iii) Agent shall have received a
Payment Conditions Certificate, any other Investments (other than an Acquisition). 
 “Permitted Liens” means 

(a) Liens granted to, or for the benefit of, Agent to secure the Obligations, 

(b) Liens for unpaid Taxes, assessments, or other governmental charges or levies that either (i) are in respect of Taxes, assessments or
other governmental charges or levies that are not yet delinquent, or (ii) Liens with respect to which the underlying Taxes, assessments, or charges or levies are the subject of Permitted Protests, 

(c) judgment Liens arising solely as a result of the existence of judgments, orders, or awards that do not constitute an Event of Default
under Section 8.3 of the Agreement, 
 (d) Liens set forth on Schedule P-2 to the Agreement; provided,
that, to qualify as a Permitted Lien, any such Lien described on Schedule P-2 to the Agreement shall only secure the Indebtedness that it secures on the Closing Date and any Refinancing Indebtedness in respect thereof, 

(e) (i) leases, subleases, licenses and sublicenses granted to other Persons not interfering in any material respect with the ordinary course
of the business of the Parent and its Subsidiaries and the interest of the lessors, sublessor, licensees and sublicensees thereunder, (ii) the rights reserved or vested in any Person by the terms of any lease, license, franchise, grant or
permit held by the Parent or a Subsidiary of Parent or by a statutory provision, to terminate any such lease, license, franchise, grant or permit, or to require annual or periodic payments as a condition to the continuance thereof and (iii) the
filing of UCC financing statement solely as a precautionary measure in connection with operating leases or consignment of goods, 

  
 P-1-33 

 (f) purchase money Liens or the interests of lessors under Capital Leases to the extent that such
Liens or interests secure Permitted Purchase Money Indebtedness and so long as (i) such Lien attaches only to the asset purchased, constructed, improved or acquired and the proceeds thereof, and (ii) such Lien only secures the Indebtedness
that was incurred to acquire the asset purchased ,constructed, improved or acquired or any Refinancing Indebtedness in respect thereof, 

(g) Liens arising by operation of law in favor of warehousemen, landlords, carriers, mechanics, materialmen, laborers, or suppliers, incurred
in the ordinary course of business and not in connection with the borrowing of money, and which Liens either (i) are for sums not yet delinquent, or (ii) are the subject of Permitted Protests, 

(h) Liens on amounts deposited to secure any Loan Party’s and its Subsidiaries obligations in connection with worker’s compensation
or other unemployment insurance, 
 (i) Liens on amounts deposited to secure any Loan Party’s and its Subsidiaries obligations in
connection with the making or entering into of bids, tenders, or leases in the ordinary course of business and not in connection with the borrowing of money, 

(j) Liens on amounts deposited to secure any Loan Party’s and its Subsidiaries reimbursement obligations with respect to surety or appeal
bonds obtained in the ordinary course of business, 
 (k) with respect to any Real Property, easements, rights of way, and zoning
restrictions that do not materially interfere with or impair the use or operation thereof, 
 (l) non-exclusive licenses of patents,
trademarks, copyrights, and other intellectual property rights in the ordinary course of business, 
 (m) Liens that are replacements of
Permitted Liens to the extent that the original Indebtedness is the subject of permitted Refinancing Indebtedness and so long as the replacement Liens only encumber those assets (or types of assets) that secured the original Indebtedness, 

(n) rights of setoff or bankers’ liens upon deposits of funds in favor of banks or other depository institutions, solely to the extent
incurred in connection with the maintenance of such Deposit Accounts in the ordinary course of business, 
 (o) Liens granted in the
ordinary course of business on the unearned portion of insurance premiums securing the financing of insurance premiums to the extent the financing is permitted under the definition of Permitted Indebtedness, 

(p) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the
importation of goods, 
 (q) Liens solely on any cash earnest money deposits made by a Loan Party or any of its Subsidiaries in connection
with any letter of intent or purchase agreement with respect to a Permitted Acquisition, 
 (r) Liens on assets (other than Accounts) that
secure Acquired Indebtedness that were in existence on or prior to the date of such Permitted Acquisition and that were not incurred in connection with, or in contemplation of, such Permitted Acquisition, 

  
 P-1-34 

 (s) Liens on assets of the Loan Parties which do not constitute Collateral securing the
Indebtedness permitted under clause (s) of the definition of Permitted Indebtedness, and 
 (t) Liens on assets as to which the
aggregate outstanding principal amount of the obligations secured thereby does not exceed an amount equal to two and one-half (2.50%) percent of Consolidated Tangible Assets as of the date of the most recent quarterly or monthly financial
statements delivered pursuant to Section 5.1 hereof; provided, that, any such Liens on Collateral are subject to an intercreditor agreement in form and substance satisfactory to Agent. 

“Permitted Protest” means the right of any Loan Party or any of its Subsidiaries to protest any Lien (other than any Lien
that secures the Obligations), Taxes, or rental payment; provided, that, (a) a reserve with respect to such obligation is established on such Loan Party’s or its Subsidiaries’ books and records in such amount as is
required under GAAP and (b) any such protest is instituted promptly and prosecuted diligently by such Loan Party or its Subsidiary, as applicable, in good faith. 

“Permitted Purchase Money Indebtedness” means, as of any date of determination, Indebtedness (other than the Obligations, but
including Capitalized Lease Obligations), incurred after the Closing Date and at the time of, or within one hundred twenty (120) days after, the acquisition, construction or improvement of any fixed or capital assets for the purpose of
financing all or any part of the acquisition, construction or improvement cost thereof, in an aggregate principal amount outstanding at any one time not in excess of the greater of (a) $75,000,000 or (b) five percent (5%) of
Consolidated Tangible Assets at the time of incurrence thereof. 
 “Person” means natural persons, corporations, limited
liability companies, limited partnerships, general partnerships, limited liability partnerships, joint ventures, trusts, land trusts, business trusts, or other organizations, irrespective of whether they are legal entities, and governments and
agencies and political subdivisions thereof. 
 “Platform” has the meaning specified therefor in
Section 17.9(c) of the Agreement. 
 “Post-Increase Revolver Lenders” has the meaning specified therefor in
Section 2.13 of the Agreement. 
 “Pre-Increase Revolver Lenders” has the meaning specified therefor in
Section 2.13 of the Agreement. 
 “Projections” means Parent’s and its Subsidiaries’ consolidated
forecasted (a) balance sheets, (b) profit and loss statements, and (c) cash flow statements, all prepared on a basis consistent with Parent’s and its Subsidiaries’ historical consolidated financial statements, together with
appropriate supporting details and a statement of underlying assumptions. 
 “Pro Rata Share” means, as of any date of
determination, with respect to each Lender, the percentage obtained by dividing (i) the Revolving Loan Exposure of such Lender by (ii) the aggregate Revolving Loan Exposure of all Lenders. 

“Protective Advances” has the meaning specified therefor in Section 2.2(d)(i) of the Agreement. 

“Public Lender” has the meaning specified therefor in Section 17.9(c) of the Agreement. 

“Purchase Price” means, with respect to any Acquisition, an amount equal to the aggregate consideration, whether cash,
property or securities (including the fair market value of any Equity Interests 

  
 P-1-35 

 
of Parent issued in connection with such Acquisition and including the maximum amount of Earn-Outs), paid or delivered by a Loan Party or one of its Subsidiaries in connection with such
Acquisition (whether paid at the closing thereof or payable thereafter and whether fixed or contingent), but excluding therefrom (a) any cash of the seller and its Affiliates used to fund any portion of such consideration and (b) any cash
or Cash Equivalents acquired in connection with such Acquisition. 
 “Qualified Cash” means, as of any date of
determination, the amount of unrestricted cash and Cash Equivalents of Borrowers which (a) is in segregated Deposit Accounts or Securities Accounts maintained with Wells Fargo or its Affiliates in the United States and which such Deposit
Accounts or Securities Accounts are the subject of a Control Agreement which solely allows the Agent to direct the disposition of funds therein, (b) is available for use by a Borrower without condition or restriction (other than in favor of
Agent), (c) is subject to the valid, first priority perfected Lien of Agent, and (d) is free and clear of any Lien (other than in favor of (i) Agent or (ii) the depository bank or securities intermediary where such Deposit
Account or Securities Account is maintained to the extent of its Permitted Lien under clause (n) of the definition of Permitted Lien). 

“Qualified ECP Borrower” means, in respect of any Swap Obligation, each Borrower that has total assets exceeding $10,000,000
at the time the relevant guaranty or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other person as constitutes an “eligible contract participant” under the Commodity Exchange Act or
any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

“Qualified Equity Interest” means and refers to any Equity Interests issued by Parent (and not by one or more of its
Subsidiaries) that is not a Disqualified Equity Interest. 
 “Real Property” means any estates or interests in real
property now owned or hereafter acquired by any Loan Party or one of its Subsidiaries and the improvements thereto. 

“Record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is
retrievable in perceivable form. 
 “Reference Period” means any period of four consecutive fiscal quarters or, during any
Monthly Triggering Period, the period of twelve (12) consecutive fiscal months. 
 “Refinancing Indebtedness” means
refinancings, renewals, or extensions of Indebtedness so long as: 
 (a) such refinancings, renewals, or extensions do not result in an
increase in the principal amount of the Indebtedness so refinanced, renewed, or extended, including the unfunded commitments in respect thereof, other than by the amount of premiums paid thereon and the fees and expenses (including arrangement,
structuring, agency, commitment and syndication fees) incurred in connection therewith and by the amount of unfunded commitments with respect thereto, 

(b) such refinancings, renewals, or extensions do not result in a shortening of the average weighted maturity (measured as of the refinancing,
renewal, or extension) of the Indebtedness so refinanced, renewed, or extended, nor are they on terms (excluding interest rate, redemption premium or call protection) or conditions that, taken as a whole, are not materially more restrictive or
onerous than the terms contained in the Indebtedness being refinanced, renewed or extended, 

  
 P-1-36 

 (c) if the Indebtedness that is refinanced, renewed, or extended was subordinated in right of
payment to the Obligations, then the terms and conditions of the refinancing, renewal, or extension must include subordination terms and conditions that are at least as favorable to the Lender Group as those that were applicable to the refinanced,
renewed, or extended Indebtedness, and 
 (d) the Indebtedness that is refinanced, renewed, or extended is not recourse to any Person that
is liable on account of the Obligations other than those Persons which were obligated with respect to the Indebtedness that was refinanced, renewed, or extended and other than any Loan Party. 

“Register” has the meaning set forth in Section 13.1(h) of the Agreement. 

“Registered Loan” has the meaning set forth in Section 13.1(h) of the Agreement. 

“Reimbursement Undertaking” has the meaning specified therefor in Section 2.10(a) of the Agreement. 

“Remedial Action” means all actions taken to (a) clean up, remove, remediate, contain, treat, monitor, assess, evaluate,
or in any way address Hazardous Materials in the indoor or outdoor environment, (b) prevent or minimize a release or threatened release of Hazardous Materials so they do not migrate or endanger or threaten to endanger public health or welfare
or the indoor or outdoor environment, (c) restore or reclaim natural resources or the environment, (d) perform any pre-remedial studies, investigations, or post-remedial operation and maintenance activities, or (e) conduct any other
actions with respect to Hazardous Materials required by Environmental Laws. 
 “Replacement Lender” has the meaning
specified therefor in Section 2.12(b) of the Agreement. 
 “Report” has the meaning specified therefor in
Section 15.16 of the Agreement. 
 “Required Availability” means that the Excess Availability exceeds
$150,000,000, of which not more than $50,000,000 may be attributable to Qualified Cash. 
 “Required Lenders” means, at any
time, Lenders having or holding more than fifty (50%) percent of the aggregate Revolving Loan Exposure of all Lenders; provided, that, (a) the Revolving Loan Exposure of any Defaulting Lender shall be disregarded in the
determination of the Required Lenders, (b) at any time there are two (2) or more Lenders, “Required Lenders” must include at least two (2) Lenders (who are not Affiliates of one another). 

“Reserves” means, as of any date of determination, such amounts as Agent may from time to time establish and revise in its
Permitted Discretion reducing the amount of Revolving Loans and Letters of Credit which would otherwise be available to Borrowers under the lending formula(s) provided for herein (a) to reflect events, conditions, contingencies or risks which,
as determined by Agent in its Permitted Discretion, adversely affect, or would have a reasonable likelihood of adversely affecting, either (i) the Collateral, its value or the amount that might be received by Agent from the sale or other
disposition or realization upon such Collateral, or (ii) the ability of Agent to realize upon any of the Collateral or (iii) the security interests and other rights of Agent or any Lender in the Collateral (including the enforceability,
perfection and priority thereof) or (b) to reflect Agent’s good faith belief that any collateral report or financial information furnished by or on behalf of any Loan Party to Agent is or may have been incomplete, inaccurate or misleading
in any material respect or (c) in respect of any events or conditions that constitute a Default or an Event of Default. To the extent that an event, condition or matter as to any Eligible Account is addressed pursuant to the treatment thereof
within the definition of “Eligible Accounts,” Agent will not also establish a Reserve to address the same event, condition or matter. 

  
 P-1-37 

 
Without limiting the generality of the foregoing, Reserves may, at Agent’s option exercised in its Permitted Discretion, be established to reflect: (i) the Dilution Reserve,
(ii) returns, discounts, claims, credits and allowances of any nature that are not paid pursuant to the reduction of Accounts, (iii) the sales, excise, value added taxes or similar taxes included in the amount of any Accounts reported to
Agent and amounts due or to become due in respect of sales, use and/or withholding taxes, (iv) the aggregate amount of deposits, if any, received by any Borrower from its customers in respect of unfilled orders for goods or services,
(v) any rental payments, service charges or other amounts due or to become due to owners or lessors of real property to the extent that the primary Records in respect of Collateral of any Borrower are located in or on such property or in the
possession or control of such parties (other than for locations where Agent has received a Collateral Access Agreement executed and delivered by the owner and lessor of such real property that Agent has acknowledged in writing is in form and
substance reasonably satisfactory to Agent); provided, that, the Reserves established pursuant to this clause (v) as to leased locations shall not exceed at any time the aggregate of amounts payable for the next three
(3) months to the lessors of such locations, except that such limitation on the amount of the Reserves shall not apply at any time that a Default or Event of Default shall exist or have occurred and be continuing, or at any time there is any
default or event of default under the lease with respect to such location or a notice thereof has been sent or received by or on behalf of any Borrower or Guarantor, and (vi) Bank Product Reserves. 

“Restricted Payment” means to (a) declare or pay any dividend or make any other payment or distribution, directly or
indirectly, on account of Equity Interests issued by Parent or to the direct or indirect holders of Equity Interests issued by Parent in their capacity as such (other than dividends or distributions payable in Qualified Equity Interests issued by
Parent), or (b) purchase, redeem, make any sinking fund or similar payment, or otherwise acquire or retire for value (including in connection with any merger or consolidation involving Parent) any Equity Interests issued by Parent, or
(c) make any payment to retire, or to obtain the surrender of, any outstanding warrants, options, or other rights to acquire Equity Interests of Parent now or hereafter outstanding. 

“Revolver Commitment” means, with respect to each Revolving Lender, its Revolver Commitment, and, with respect to all
Revolving Lenders, their Revolver Commitments, in each case as such Dollar amounts are set forth beside such Revolving Lender’s name under the applicable heading on Schedule C-1 to the Agreement or in the Increase Joinder or the
Assignment and Acceptance, as applicable, pursuant to which such Revolving Lender became a Revolving Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the
provisions of Section 13.1 of the Agreement. 
 “Revolver Usage” means, as of any date of determination, the
sum of (a) the amount of outstanding Revolving Loans (inclusive of Swing Loans and Protective Advances), plus (b) the amount of the Letter of Credit Usage. 

“Revolving Lender” means a Lender that has a Revolver Commitment or that has an outstanding Revolving Loan. 

“Revolving Loan Exposure” means, with respect to any Revolving Lender, as of any date of determination (a) prior to the
termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender. 

“Revolving Loans” has the meaning specified therefor in Section 2.1(a) of the Agreement. 

“Sanctioned Entity” means (a) a country or a government of a country, (b) an agency of the government of a country,
(c) an organization directly or indirectly controlled by a country or its government, (d) a Person resident in or determined to be resident in a country, in each case, that is subject to a country sanctions program administered and
enforced by OFAC. 

  
 P-1-38 

 “Sanctioned Person” means a person named on the list of Specially Designated
Nationals maintained by OFAC. 
 “S&P” has the meaning specified therefor in the definition of Cash Equivalents. 

“SEC” means the United States Securities and Exchange Commission and any successor thereto. 

“Securities Account” means a securities account (as that term is defined in the Code). 

“Securities Act” means the Securities Act of 1933, as amended from time to time, and any successor statute. 

“Settlement” has the meaning specified therefor in Section 2.2(e)(i) of the Agreement. 

“Settlement Date” has the meaning specified therefor in Section 2.2(e)(i) of the Agreement. 

“Solvent” means, with respect to any Person as of any date of determination, that (a) at fair valuations, the sum of
such Person’s debts (including contingent liabilities) is less than all of such Person’s assets, (b) such Person is not engaged or about to engage in a business or transaction for which the remaining assets of such Person are
unreasonably small in relation to the business or transaction or for which the property remaining with such Person is an unreasonably small capital, and (c) such Person has not incurred and does not intend to incur, or reasonably believe that
it will incur, debts beyond its ability to pay such debts as they become due (whether at maturity or otherwise), and (d) such Person is “solvent” or not “insolvent”, as applicable within the meaning given those
terms and similar terms under applicable laws relating to fraudulent transfers and conveyances. For purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts
and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial
Accounting Standard No. 5). 
 “Specified Event of Default” means (a) any Event of Default arising under
Section 8.1 of this Agreement, (b) any Event of Default arising under Section 8.4 or 8.5 of this Agreement, (c) any Event of Default arising under Section 8.2(a) of this Agreement resulting from the failure to comply with
Section 5.2, 5.6, or 7 of this Agreement, (d) any Event of Default arising under Section 8.2(a) of this Agreement resulting from the failure to comply with Section 7(e) or (f) of the Guaranty and Security Agreement, and
(g) any Event of Default arising under Section 8.7 of this Agreement resulting from any representation or warranty under Section 4.21 of this Agreement, Section 6(e) of the Guaranty and Security Agreement or relating to any
Borrowing Base Certificate being untrue in any material respect (except that such materiality qualifier shall not be applicable to any representation or warranty already qualified by materiality in the text thereof). 

“Spin Off” means the distribution by Chesapeake of all of the issued and outstanding Equity Interest of Parent to the holders
of common stock of Chesapeake. 
 “Spin Off Transactions” means the Spin Off and the other transactions described in or
otherwise contemplated by the Spin Off Registration Statement and the Spin Off Documents, including those described on Schedule 1.1(iv). 

  
 P-1-39 

 “Spin Off Documents” means the Master Separation Agreement, the Master Services
Documents and the other agreements related or incidental thereto, in each case, entered into, or to be entered into, by Parent and/or certain of its Subsidiaries and Chesapeake and/or certain of its Subsidiaries in connection with the Spin Off
Transaction on the Closing Date substantially concurrently with the making of the initial Loans under the Agreement. 
 “Spin Off
Registration Statement” means registration statement on Form 10 filed on March 17, 2014 by Parent with the SEC, as amended on June 9, 2014, June 13, 2014 and June 16, 2014, including all exhibits and schedules
thereto. 
 “Standard Letter of Credit Practice” means, for Issuing Bank, any domestic or foreign law or letter of credit
practices applicable in the city in which Issuing Bank issued the applicable Letter of Credit or, for its branch or correspondent, such laws and practices applicable in the city in which it has advised, confirmed or negotiated such Letter of Credit,
as the case may be, in each case, (a) which letter of credit practices are of banks that regularly issue letters of credit in the particular city, and (b) which laws or letter of credit practices are required or permitted under ISP or UCP,
as chosen in the applicable Letter of Credit. 
 “Subordinated Indebtedness” means any unsecured Indebtedness of any Loan
Party incurred from time to time that is subordinated in right of payment to the Obligations pursuant to a subordination agreement, in form and substance reasonably satisfactory to Agent. 

“Subsidiary” of a Person means a corporation, partnership, limited liability company, or other entity in which that Person
directly or indirectly owns or controls the Equity Interests having ordinary voting power to elect a majority of the Board of Directors of such corporation, partnership, limited liability company, or other entity. Notwithstanding anything to the
contrary contained herein, Nomac Services, L.L.C. and Compass Manufacturing, L.L.C. shall be deemed not to be Subsidiaries of Parent for any purposes hereunder. 

“Supermajority Lenders” means, at any time, Lenders having or holding more than sixty-six and two-thirds (66  2⁄3%) percent of the aggregate Revolving Loan Exposure of all Lenders; provided, that, (a) the Revolving Loan Exposure of any Defaulting Lender
shall be disregarded in the determination of the Required Lenders, (b) at any time there are two (2) or more Lenders, “Supermajority Lenders” must include at least two (2) Lenders (who are not Affiliates of one
another). 
 “Swap Obligation” means, with respect to any Guarantor, any obligation to pay or perform under any agreement,
contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Swing Lender” means Wells Fargo or any other Lender that, at the request of Borrowers and with the consent of Agent agrees,
in such Lender’s sole discretion, to become the Swing Lender under Section 2.2(b) of the Agreement. 
 “Swing
Loan” has the meaning specified therefor in Section 2.2(b) of the Agreement. 
 “Swing Loan Exposure”
means, as of any date of determination with respect to any Lender, such Lender’s Pro Rata Share of the Swing Loans on such date. 

“Swing Loan Sublimit” means, at any time, ten (10%) percent of the Maximum Revolver Amount at such time. 

  
 P-1-40 

 “Taxes” means any taxes, levies, imposts, duties, fees, assessments or other
charges of whatever nature now or hereafter imposed by any jurisdiction or by any political subdivision or taxing authority thereof or therein, and all interest, penalties or similar liabilities with respect thereto. 

“Tax Lender” has the meaning specified therefor in Section 14.2(a) of the Agreement. 

“Term Loan Agent” means Bank of America, N.A., in its capacity as administrative agent for the lenders under the Term Loan
Documents, and its successors, assigns and replacements. 
 “Term Loan Agreement” means the Credit Agreement, dated as of
the Closing Date, by and among SSO, Term Loan Agent, and the financial institutions from time to time party thereto as lenders. 

“Term Loan Documents” means, collectively, (a) the Term Loan Agreement and (b) each other “Loan Document”
under the Term Loan Agreement. 
 “Total Assets” means, at any date, the amount that would, in conformity with GAAP, be set
forth opposite the caption “total assets” (or any like caption) on a consolidated balance sheet of Parent and its Subsidiaries. 

“UCP” means, with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits 2007 Revision,
Publication No. 600 and any subsequent revision thereof adopted by the International Chamber of Commerce on the date such Letter of Credit is issued. 

“Unfinanced Capital Expenditures” means, for any period, the Capital Expenditures made by Parent and its Subsidiaries during
such period, which Capital Expenditures are not financed from the proceeds of any Indebtedness (other than the Loans, it being understood and agreed that, to the extent financed with Loans, such Capital Expenditures shall be deemed Unfinanced
Capital Expenditures). 
 “Unfunded Pension Liability” means, as of the most recent valuation date for the applicable
Benefit Plan, the excess of the Benefit Plan’s actuarial present value of its benefit liabilities (as defined in Section 4001(a)(16) of ERISA), over the fair market value of that Benefit Plan’s assets, determined in accordance with
the assumptions used for funding the Benefit Plan pursuant to Section 412 of the Code for the applicable plan year. 
 “United
States” means the United States of America. 
 “Unsecured Notes” shall mean unsecured Indebtedness of the Parent,
in the form of notes, which may be guaranteed on an unsecured basis by one or more of the other Loan Parties; provided that (a) such Indebtedness is not subject to any scheduled amortization, mandatory redemption, mandatory repayment or
mandatory prepayment, sinking fund or similar payment (other than, in each case, customary offers to repurchase upon a change of control or asset sale and customary acceleration rights after an event of default) or have a final maturity date, in
either case prior to the date occurring six months following the Maturity Date in effect on the date hereof and (b) the indenture or other document governing such Indebtedness (including any related guaranties) shall not include any financial
performance “maintenance” covenants (whether stated as a covenant, default or otherwise, although “incurrence-based” financial tests may be included). 

“Unsecured Notes Indenture” shall mean the Indenture relating to the Unsecured Notes issued on or about the Closing Date,
dated on or about the Closing Date, between Parent and Wells Fargo Bank, National Association, as trustee. 

  
 P-1-41 

 “Unused Line Fee” has the meaning specified therefor in
Section 2.9(b) of the Agreement. 
 “Voidable Transfer” has the meaning specified therefor in
Section 17.8 of the Agreement. 
 “Wells Fargo” means Wells Fargo Bank, National Association, a national
banking association. 
 “Withdrawal Liability” means liability with respect to a Multiemployer Plan as a result of a
complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 

  
 P-1-42 

 Schedule 3.1 

Conditions Precedent 
 The
obligation of each Lender to make its initial extension of credit provided for in the Agreement is subject to the fulfillment, to the satisfaction of each Lender (the making of such initial extension of credit by any Lender being conclusively deemed
to be its satisfaction or waiver of the following), of each of the following conditions precedent: 
 (a) the Closing Date shall occur on or
before July 30, 2014; 
 (b) Agent shall have received all financing statements in appropriate form for filing that are necessary to
perfect the Agent’s Liens in and to the Collateral and Agent shall have received evidence reasonably satisfactory to Agent that upon such filings and recordations such security interests constitute valid and perfected first priority Liens
thereon with respect to all Collateral (subject to any Permitted Liens); 
 (c) Agent shall have received each of the following documents,
in form and substance reasonably satisfactory to Agent, duly executed and delivered, and each such document shall be in full force and effect: 

(i) the Agreement, 
 (ii) the
Guaranty and Security Agreement, 
 (iii) the Fee Letter, 

(iv) the Flow of Funds Agreement, 

(v) a Perfection Certificate, 

(vi) evidence, in form and substance reasonably satisfactory to Agent, that substantially concurrently with the funding of the initial
Revolving Loans hereunder, the Existing Credit Facility (excluding, for the avoidance of doubt, the Existing Letters of Credit) is being terminated and paid in full and the Liens existing in favor of administrative agent thereunder in and to the
assets of the Loan Parties are being released, including UCC-3 termination statements in appropriate form for filing, and 
 (vii) the
Borrowing Base Certificate as of May 31, 2014; 
 (d) Agent shall have received a certificate from the Secretary of each Loan Party
(i) attesting to the resolutions of such Loan Party’s board of directors authorizing its execution, delivery, and performance of the Loan Documents to which it is a party, (ii) authorizing specific officers of such Loan Party to
execute the same, and (iii) attesting to the incumbency and signatures of such specific officers of such Loan Party; 
 (e) Agent shall
have received copies of each Loan Party’s Governing Documents, as amended, modified, or supplemented to the Closing Date, certified by the Secretary of such Loan Party; 

(f) Agent shall have received a certificate of status with respect to each Loan Party, dated within ten (10) days of the Closing Date,
such certificate to be issued by the appropriate officer of the jurisdiction of organization of such Loan Party, which certificate shall indicate that such Loan Party is in good standing in such jurisdiction; 

  
 3.1-1 

 (g) Intentionally Omitted; 

(h) Agent shall have received an opinion of the Loan Parties’ New York and Oklahoma counsels, each in form and substance reasonably
satisfactory to Agent; 
 (i) Borrowers shall have the Required Availability after giving effect to the initial extensions of credit under
the Agreement and the payment of all fees and expenses required to be paid by Borrowers on the Closing Date under the Agreement or the transactions contemplated under the Loan Documents; 

(j) Agent shall have completed its business, legal, and collateral due diligence, including a field examination with respect to the Loan
Parties’ Collateral and business, in accordance with Agent’s customary procedures and practices, the results of which shall be reasonably satisfactory to Agent, 

(k) Agent shall have completed (i) Patriot Act searches, OFAC/PEP searches and customary individual background checks for each Loan
Party, and (ii) OFAC/PEP searches and customary individual background searches for each Loan Party’s senior management and key principals, the results of which shall be reasonably satisfactory to Agent; 

(l) Agent shall have received, each in form and substance reasonably satisfactory to Agent, (i) Projections of Parent and its
Subsidiaries for the period from the Closing Date through the Maturity Date, on a monthly basis for the first 12 month period after the Closing Date and on an annual basis thereafter, with the results and assumptions set forth in all of such
Projections in form and substance reasonably satisfactory to Agent, (ii) any updates or modifications to the Projections of Parent and its Subsidiaries previously received by Agent, (iii) copies of satisfactory year to date unaudited
financial statements as of the month most recently ended at least 30 calendar days prior to the Closing Date (and including interim financial statements for the month ending April 30, 2014), with a prior year comparison, and (iv) an
opening pro forma balance sheet of Parent and its Subsidiaries; 
 (m) Borrowers shall have paid all Lender Group Expenses incurred in
connection with the transactions evidenced by the Agreement and the other Loan Documents, to the extent invoiced or otherwise documented at least 2 Business Days prior to the Closing Date; 

(n) Agent shall have received and reviewed lien and judgment search results for the jurisdiction of organization of each Loan Party, the
jurisdiction of the chief executive office of each Loan Party and all jurisdictions in which material assets of the Loan Parties are located, which search results shall be in form and substance reasonably satisfactory to Agent; 

(o) The Spin Off Documents, the Term Loan Documents to be executed on the Closing Date and the terms of Unsecured Notes Indenture shall be in
form and substance reasonably satisfactory to Agent; 
 (p) Agent shall have received a solvency certificate, in form and substance
reasonably satisfactory to it, certifying as to the representation in Section 4.9; 
 (q) No Default or Event of Default under
any of the Loan Documents shall exist; 
 (r) Substantially concurrently with the making of the initial Revolving Loans, (i) the
transactions contemplated by the Term Loan Agreement shall have been consummated and Parent shall 

  
 3.1-2 

 
have received gross cash proceeds of the term loans thereunder in an amount not less than $400,000,000 (ii) the pricing terms of the Unsecured Notes to be issued on or about the Closing Date
shall be agreed, and (iii) the Spin Off Documents have been executed by the parties thereto; and 
 (s) All other documents and legal
matters reasonably requested by Agent in connection with the transactions contemplated by the Agreement shall have been delivered, executed, or recorded and shall be in form and substance reasonably satisfactory to Agent. 

  
 3.1-3 

 Schedule 3.6 

Conditions Subsequent 
 Not later than 60
days after the Closing Date (or such later date as Agent shall agree), Agent shall have received a certificate of property insurance and a certificate of liability insurance, together with the endorsements thereto, as are required by
Section 5.6 of the Agreement, the form and substance of which shall be reasonably satisfactory to Agent. 

  
 3.6-1 

 Schedule 5.1 

Deliver to Agent (and if so requested by Agent, with copies for each Lender) each of the financial statements, reports, or other items set
forth below at the following times in form reasonably satisfactory to Agent: 
  

			
	as soon as available, but in any event (i) within forty-five (45) days after the end of each of Parent’s fiscal quarters or (ii) during a Monthly Triggering Period, within thirty (30) days (forty-five (45) days in the case of a
month that is the end of one of Parent’s fiscal quarters after the end of each month (it being understood and agreed that such unaudited financial statements for the most recent month then ended not more than sixty (60) days prior to the
commencement of the applicable Monthly Triggering Period shall be due within five (5) Business Days following the occurrence of a Monthly Triggering Period.	  	 (i) an unaudited consolidated balance sheet, income statement, statement of cash flow, and statement of shareholder’s equity covering
Parent’s and its Subsidiaries’ (on a consolidated basis in accordance with GAAP) operations during such period and compared to the prior period, together with a corresponding discussion and analysis of results from management;
provided, that the filing of a Form 10-Q as promulgated by the SEC and in accordance with applicable laws will satisfy the requirements of this clause (i) to deliver the financial statements described in this clause (i), and

 
 (ii) a Compliance Certificate.

		
	as soon as available, but in any event within ninety (90) days after the end of each of Parent’s fiscal years,	  	(iii) consolidated financial statements of Parent and its Subsidiaries for each such fiscal year, audited by independent certified public accountants reasonably acceptable to Agent and certified, without any qualifications
(including any (A) “going concern” or like qualification or exception, (B) qualification or exception as to the scope of such audit, or (C) qualification which relates to the treatment or classification of any item and which, as a
condition to the removal of such qualification, would require an adjustment to such item, the effect of which would be to cause any noncompliance with the provisions of Section 7 of the Agreement), by such accountants to have been prepared in
accordance with GAAP (such audited financial statements to include a balance sheet, income statement, statement of cash flow, and statement of shareholder’s equity, and, if prepared, such accountants’ letter to management);
provided, that the filing of a Form 10-K as promulgated by the SEC and in accordance with applicable laws will satisfy the requirements of this clause (iii) to deliver the financial statements described in this clause (iii);
		
		  	(iv) a Compliance Certificate; and
		
		  	(v) a certificate of the Parent certifying a list of names of all Immaterial Subsidiaries (if any) and including a certification that

  
 5.2-2 

			
		  	each Subsidiary set forth on such list individually qualifies as an Immaterial Subsidiary and that all Subsidiaries listed as Immaterial Subsidiaries are within the limitations set forth in the definitions of the term
“Immaterial Subsidiary” at the end of such fiscal year.
		
	as soon as available, but in any event within thirty (30) days after the start of each of Parent’s fiscal years,	  	(vi) copies of the Projections, in form and substance (including as to scope and underlying assumptions) reasonably satisfactory to Agent, in its Permitted Discretion, for the forthcoming fiscal year, month by month, certified by
the chief financial officer of Parent as being such officer’s good faith estimate of the financial performance of Parent and its Subsidiaries during the period covered thereby.
		
	if and when filed by Loan Parties,	  	 (vii) Form 10-Q quarterly reports, Form 10-K annual reports, and Form 8-K current reports (it being agreed by the parties hereto filings of a
Form 10-K, 10-Q or Form 8-K as promulgated by the SEC and in accordance with applicable laws will satisfy the delivery requirements of this clause (vii), upon filing with the SEC), and

 
 (viii) any other filings made by any Loan Party with the SEC (it being agreed by the
parties hereto filings with the SEC as promulgated by the SEC and in accordance with applicable laws will satisfy the delivery requirements of this clause (viii), upon filing with the SEC).

		
	promptly, but in any event within five (5) days after any Loan Party has knowledge of any event or condition that constitutes a Default or an Event of Default,	  	(x) notice of such event or condition and a statement of the curative action that the applicable Loan Party proposes to take with respect thereto.
		
	promptly after the commencement thereof, but in any event within five (5) days after the service of process with respect thereto on any Loan Party or any of its Subsidiaries,	  	(xi) notice of all actions, suits, or proceedings brought by or against any Loan Party or any of its Subsidiaries before any Governmental Authority which reasonably could be expected to result in a Material Adverse Effect.
		
	upon the request of Agent,	  	(xii) any other information reasonably requested relating to the financial condition of any Loan Party or any of its Subsidiaries.

  
 5.2-3 

 Schedule 5.2 

Provide Agent (and if so requested by Agent, with copies for each Lender) with each of the documents set forth below at the following times in
form reasonably satisfactory to Agent: 
  

			
	Monthly (no later than the fifteenth (15th) Business Day of each month); provided, that, if Excess Availability is less than 12.5% of the Maximum Revolver Amount or any Event of Default exists and has
occurred and is continuing, weekly no later than Wednesday of each week (it being understood and agreed that such weekly reporting shall continue for not less than four (4) consecutive weeks even if Excess Availability is greater than 12.5% of the
Maximum Revolver Amount and such Events of Default cease to exist.	  	(i) an Account roll-forward with supporting details supplied from sales journals, collection journals, credit registers and any other records,
	  	  
 (ii) notice of all claims, offsets, or disputes asserted by Account
Debtors with respect to Loan Parties’ Accounts,

	  	  
 (iii) a detailed listing of Borrower’s unbilled Accounts including
date the Accounts were created (delivered electronically in an acceptable format, if the Borrowers have implemented electronic reporting), including, but not limited to, (a) GPOR Revenue Accrual, (b) Nomac Revenue Accruals, (c) NSL Revenue Accrual,
(d) OTS Revenue Accrual; (e) PTL Pending Invoice Revenue and COGS Accrual, (f) PTL Unbilled Stages Revenue and COGS Accrual, (h) HTC Revenue Accrual (1-23), (g) HTC Revenue Accrual (24-30), (h) trial balances to tie into the unbilled numbers and (i)
summary of Unbilled which accumulates the totals of each of the support files.

	  	  
 (iv) an executed Borrowing Base Certificate,

	  	  
 (v) a detailed aging, by total, of Borrowers’ Accounts, together
with a reconciliation and supporting documentation for any reconciling items noted (delivered electronically in an acceptable format, if the Borrowers have implemented electronic reporting)

	  	  
 (vi) a detailed calculation of those Accounts that are not eligible for
the Borrowing Base, if the Loan Parties have not implemented electronic reporting,

	  	  
 (vii) a summary aging, by vendor, of Borrowers’ accounts payable
and any book overdraft (delivered electronically in an acceptable format, if the Borrowers have implemented electronic reporting) and an aging, by vendor, of any held checks,

	  	  
 (viii) a detailed report regarding Borrower’s cash and Cash
Equivalents, including an indication of which amounts constitute Qualified Cash, and

	  	  
 (ix) an Account roll-forward, in a format reasonably acceptable to
Agent, tied to the beginning and ending account receivable balances of Borrowers’ general ledger.

		
	Quarterly (no later than the forty-fifth (45th) day after the end of each fiscal quarter of Parent), provided, that, during a Monthly Triggering	  	(x) a reconciliation of Accounts, and trade accounts payable, of Borrowers’ general ledger accounts to its quarterly or monthly financial statements, as applicable, including any book reserves related to each
category.

  
 5.2-1 

			
	Period, within thirty (30) days (forty-five (45) days in the case of a month that is the end of one of Parent’s fiscal quarters) after the end of each month	  	
		
	Quarterly	  	(xi) a report regarding Loan Parties’ accrued, but unpaid, ad valorem taxes.
		
	Quarterly (no later than the forty-fifth (45th) day after the end of each fiscal quarter of Parent) if Excess Availability is less than 12.5% of the Maximum Revolver Amount or any
Event of Default exists and has occurred and is continuing	  	(xii) a report of the Liens created (or perfected) in favor of any Loan Party, which describes in reasonable detail the Person as debtor, the Loan Party as secured party, the collateral and the obligations secured thereby.
		
	Upon request by Agent	  	(xiii) copies of invoices and credit memos together with corresponding supporting documentation, with respect to invoices and credit memos in excess of an amount determined in the sole discretion of Agent, from time to time,
and
		
		  	(xiv) such other reports as to the Collateral or the financial condition of Loan Parties and their Subsidiaries, as Agent may reasonably request.

  
 5.2-2

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