Execution Version AMENDMENT NO. 4, LIMITED WAIVER AND CONSENT TO CREDIT AGREEMENT This AMENDMENT NO. 4 TO CREDIT AGREEMENT (this "Amendment”), dated as of March 6, 2024, is among TEAM, INC., a Delaware corporation (the "Borrower Agent”), the Guarantors party hereto, each of the Lenders party hereto and ECLIPSE BUSINESS CAPITAL LL, aCcting not individually but as agent on behalf of, and for the benefit of, the Lenders and all other Secured Parties (in such capacity, together with its successors and assigns, if any, in such capacity, the "Agent”). W I T N E S S E T H: WHEREAS, the Borrower Agent has advised the Agent that pursuant to (i) that certain Master Lease Agreement, dated March 6, 2024 (together with all annexes, schedules and exhibits thereto, as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the "Master Lease Agreement”), by and among Team Industrial Services, Inc., a Texas corporation ("TIS”), and Avtech Capital, LLC, a Utah limited liability company ("AVT”), (ii) that certain Lease Schedule No. TEAM_001, dated March 6, 2024 (together with all exhibits thereto, as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the "Lease Schedule”), and (iii) that certain Sale Leaseback Agreement, dated as of March 6, 2024, by and between TIS, the Borrower and AVT (together with all exhibits thereto, as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the "Sale Leaseback Agreement” and together with the Master Lease Agreement and the Lease Schedule, collectively, the "Transaction Documents” ), the Borrower Agent and TIS have agreed to sell certain equipment, goods and other related property described on Schedule I to this Amendment (the "Property”) to AVT, and AVT will subsequently lease such Property back to the Borrower Agent (such sale and leaseback pursuant to the Transaction Documents, the "Sale Leaseback Transaction”); WHEREAS, the Borrower Agent, the other Loan Parties party thereto from time to time, the Lenders party thereto from time to time, the Agent, and the other Persons party thereto from time to time, have entered into that certain Credit Agreement, dated as of February 11, 2022 (as amended by that certain Amendment No.1 to Credit Agreement, dated as of May 6, 2022, by that certain Amendment No. 2 to Credit Agreement, dated as of November 1, 2022, by that certain Amendment No. 3 to Credit Agreement, dated as of June 16, 2023 and as otherwise modified from time to time prior to the effectiveness of this Amendment, the "Existing Credit Agreement”); WHEREAS, the Borrower Agent, the Guarantors, the Lenders, and the Agent have agreed to further amend the Existing Credit Agreement in connection with the Sale Leaseback Transaction and the Lenders have agreed, subject to the terms and conditions set forth herein, to, among other things, (a) modify the definition of "EBITDA” and (b) modify a negative covenant regarding certain Indebtedness (the Existing Credit Agreement as amended by this Amendment,
Form 10-K Page 116 Page 118