Financial Projections. The Administrative Agent shall have received pro forma Consolidated financial statements for the Borrower and its Subsidiaries, and projections prepared by management of the Borrower, of balance sheets, income statements and cash flow statements on a quarterly basis for the term of the Credit Facility, which shall not be materially inconsistent with any financial information or projections previously delivered to the Administrative Agent.

Financial Statements and Projections. The Lenders shall have received # audited consolidated financial statements of the Borrower and its Subsidiaries for the three most recent fiscal years ended prior to the Effective Date as to which such financial statements are available, and # reasonably satisfactory financial statement projections (which shall include balance sheet, income and cash flow statement projections) through and including the Borrower’s 2025 fiscal year, together with such information as reasonably requested by the Lead Arranger (including a detailed description of the assumptions used in preparing such projections).

Financial Statements; Projections; Etc. Administrative Agent shall have received # audited annual financial statements of Borrower and its

Financial Statements and Projections. The Lenders shall have received # audited consolidated financial statements of PAO TMK for the 2015 and 2016 fiscal years, # unaudited consolidated financial statements of the Borrowers for the 2016 fiscal year, # unaudited interim consolidated financial statements (including any and all quarterly detailed financial statement reconciliations) of the Borrowers for each fiscal month and quarter ended after the date of the latest applicable financial statements delivered pursuant to clause (ii) of this paragraph as to which such financial statements are available, and such financial statements shall not, in the reasonable judgment of the Administrative Agent, reflect any material adverse change in the consolidated financial condition of the Borrowers, as reflected in the audited, consolidated financial statements described in clause (ii) of this paragraph, and # satisfactory projections for the Borrowers on a monthly basis through the end of the fiscal year ended December 31, 2017 and for the fiscal year ended December 31, 2018, and annually for the following four fiscal years through the end of the Borrowers’ fiscal year 2022.

Projections. As soon as available, but in any event within forty-five (45) days after the end of each fiscal year of Borrower, forecasts prepared by management of

“Projections” means all projections (including financial estimates, financial models, forecasts and other forward-looking information) furnished to the Lenders or the Administrative Agent by or on behalf of Holdings or any of the Subsidiaries on or prior to the Amendment No. 4 Effective Date in connection with the Transactions.

The Bank shall have received the Borrower’s updated financial projections/statements; and

Statements and projections contained in this Memorandum that are not based on historical fact, including but not limited to statements containing the words “believes,” “anticipates,” “intends,” “expects” and words of similar import, as well as all projections of future results, constitute “forward-looking statements.” This Memorandum contains forward-looking statements and projections concerning the Company’s or management’s plans, intentions, strategies, expectations, predictions and financial projections concerning the Company’s future activities and results of operations and other future events or conditions. Sections of this Memorandum containing such statements include, but are not limited to “Executive Summary,” “Risk Factors,” “Use of Proceeds,” and “The Company” (including subsections) and Appendix A - “Financial Statements and Projections.”

An updated business plan and financial projections in form and substance satisfactory to the Agent.

Annual Information and Projections. Within 30 days after the end of each fiscal year of the Borrowers, all such financial information regarding the Borrowers and their Subsidiaries and specifically regarding the Properties, as the Administrative Agent shall reasonably request, including, but not limited to, partnership, limited liability company and joint venture agreements, property cash flow projections, property budgets, actual and budgeted capital expenditures, operating statements (current year and immediately preceding year, if the Property existed as a Property in the immediately preceding year), mortgage information, rent rolls, lease expiration reports, leasing status reports, notes payable summary, bullet notes summary, equity funding requirements, contingent liability summary, lines of credit summary, lines of credit collateral summary, wrap notes and notes receivable summary, schedule of outstanding letters of credit, summary of cash and Cash Equivalents, projection of management and leasing fees and overhead budgets.