CREDIT AGREEMENT

Amendments

1. Oct 27, 2025

   Extension

   Extends the revolving facility Termination Date by one year to October 18, 2029 and updates SOFR-related definitions (removing “Adjusted” forms), adds a one‑week Interest Period option and related notice timing. Also limits future extension requests to two and adds a 2025 fee letter; includes an internal lender assignment.

   • benchmark_term_name_replacement: Adjusted Daily Simple SOFR → Daily Simple SOFR §Section 1(b)
   • benchmark_term_name_replacement: Adjusted Term SOFR Rate → Term SOFR Rate §Section 1(c)
   • interest_periods: n/a → one week added §Section 1(g)(i)
   • notice_period_for_conversions_benchmark: third → second §Section 1(q)(i)
   • fee_letter_added: n/a → 2025-09-30 §Section 1(f)(ii)

   Filing ↗

2. Oct 24, 2024

   Extension

   Extends the revolving credit facility’s Termination Date by one year to October 18, 2028 and revises the ratings-based Applicable Margin and Commitment Fee grids (lower margins and fees). Also limits future extensions to two, updates fee letters, clarifies proceeds may not be used for Hostile Acquisitions, and updates the L/C Fronting Bank schedule.

   • maturity_date: October 18, 2027 → 2028-10-18 §Section 1(e)
   • applicable_margin_grid: n/a → n/a §Section 1(b)
   • commitment_fee_grid: n/a → n/a §Section 1(f)
   • use_of_proceeds_hostile_acquisition: n/a → prohibited §Section 1(i)

   Filing ↗

3. Oct 20, 2023

   Extension

   Extends the revolver’s Termination Date by one year to October 18, 2027. Also adds rating-change effective-date mechanics for the Applicable Margin and Commitment Fee, adjusts certain payment and notice times, updates a fee letter reference, and replaces certain references to Term Benchmark Rate with Adjusted Term SOFR Rate; includes a consent and limited waiver for specified transactions.

   • termination_date: n/a → 2027-10-18 §Section 2(d)
   • Applicable Margin rating-change effective timing: n/a → effective on the third (3rd) Business Day following such change §Section 2(b)
   • Commitment Fee rating-change effective timing: n/a → effective on the third (3rd) Business Day following such change §Section 2(f)(ii)
   • Commitment Fee payment timing (Section 2.05(a)): on the last Business Day → fifteen (15) Business Days after the last day §Section 2(f)(i)
   • Fees payable timing (Section 2.05(c)): payable quarterly in arrears on the last day → on the fifteenth (15th) Business Day following the end §Section 2(f)(iii)
   • Notice period count (Section 2.04(c)): two (2) → three (3) §Section 2(e)(i)
   • Cut-off time added (Section 2.04(f)(i)): n/a → no later than 12:00 p.m. (New York City time) §Section 2(e)(ii)
   • Cut-off time change (Section 2.04(f)(i)): 11:00 a.m. → 10:00 a.m. §Section 2(e)(iii)
   • Section 2.09 benchmark reference: Term Benchmark Rate → Adjusted Term SOFR Rate §Section 2(g)
   • Fee Letters: n/a → adds amended and restated fee letter dated October 20, 2023 §Section 2(c)(ii)

   Filing ↗

4. Apr 27, 2023

   Amendment

   Amendment No. 1 provides a consent and limited waiver to permit the Pennsylvania reorganization and related specified transactions, and updates the credit agreement’s interest rate mechanics to replace LIBOR with SOFR-based benchmarks (Term SOFR and Daily Simple SOFR) with a 0 bps floor. It also provides for treatment of existing LIBOR advances until their applicable interest period end and includes an obligation for Penn Electric to assume the borrowers’ obligations in connection with the specified transactions.

   Filing ↗