Momentive Performance Materials Inc., a wholly owned subsidiary of MPM Holdings Inc., Momentive Performance Materials Holdings Inc., the parent of the Company, and certain subsidiaries of the Company entered into an amendment agreement with certain lenders and JPMorgan Chase, N.A., as administrative agent and collateral agent, to the Company’s senior secured asset-based revolving credit facility to extend the maturity of the ABL Facility and increase the commitments under the ABL Facility by $30 million for a total of $300 million.

The maturity of the ABL Facility has been extended from October 2019 to March2, 2023; provided that (x)if, on July25, 2021, the date that is 91 days prior to the maturity date (the “First Lien Notes Maturity Test Date”) of the Company’s 3.88% First-Priority Senior Secured Notes due 2021 (the “First Lien Notes”), the aggregate principal amount of the First Lien Notes outstanding exceeds $50million, the extended maturity date for such commitments will be the First Lien Notes Maturity Test Date and (y)if, on January23, 2022, the date that is 91 days prior to the maturity date (the “Second Lien Notes Maturity Test Date”) of the Company’s 4.69% Second-Priority Senior Secured Notes due 2022 (the “Second Lien Notes”), the aggregate principal amount of the Second Lien Notes outstanding exceeds $50million, the extended maturity date for such commitments will be the Second Lien Notes Maturity Test Date. The availability for the borrowers under the ABL Facility will continue to be limited to the borrowing base of the existing borrowers and guarantors under the ABL Facility.